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HBYIX HSBC Global High Yield Bond Inst

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Fund HBYIX HSBC Global High Yield Bond Inst SHYG iShares 0-5 Year High Yield Corp Bd PGHY PowerShares Global ShrtTerm HiYld Bd ETF  
Similarity
?
100% 91% 94%
Annual Fees
?
$81.63
(0.80% Exp. Ratio)
$30.61
(0.30% Exp. Ratio)
$35.71
(0.35% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.03% annual return
$14,373.32 $16,713.28 $16,463.65
Est. savings over 30 yrs +$2,339.96 +$2,090.33
Return
As of 11/30/16
1 YR RETURN 8.34%
3 YR --
5 YR --
10 YR --
1 YR RETURN 8.57%
3 YR 2.43%
5 YR --
10 YR --
1 YR RETURN 10.15%
3 YR 4.12%
5 YR --
10 YR --
Description
The investment seeks to maximize total return (comprised of capital appreciation and income). The fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets, plus any borrowings for investment purposes, in a globally diversified portfolio of high yield securities. The fund primarily invests in U.S. dollar denominated fixed income securities or fixed income securities denominated in a foreign currency that are hedged into U.S. dollars. The fund may seek to hedge certain of its exposure to foreign currencies through the use of forward foreign currency exchange contracts.
The investment seeks to track the investment results of an index composed of U.S. dollar-denominated, high yield corporate bonds with remaining maturities of less than five years. The fund seeks to track the investment results of the Markit iBoxx® USD Liquid High Yield 0-5 Index, which is designed to reflect the performance of U.S. dollar-denominated high yield corporate debt. The fund generally invests at least 90% of its assets in the component securities of the index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents.
The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the DB Global Short Maturity High Yield Bond Index. The fund generally will invest at least 80% of its total assets in U.S. and foreign short-term, non-investment grade bonds included in the underlying index, all of which are denominated in U.S. dollars. It is non-diversified.

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

The best choice is based on a combined analysis of lowest fees and highest similarity to the original fund.

Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.

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