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MDHIX MainStay Short Duration High Yield I

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Fund MDHIX MainStay Short Duration High Yield I VWEHX Vanguard High-Yield Corporate Inv ANGL VanEck Vectors Fallen Angel HiYld Bd ETF  
Similarity
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100% 94% 93%
Annual Fees
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$76.52
(0.75% Exp. Ratio)
$23.47
(0.23% Exp. Ratio)
$35.71
(0.35% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.03% annual return
$14,587.96 $17,063.90 $16,458.81
Est. savings over 30 yrs +$2,475.94 +$1,870.84
Return
As of 10/31/16
1 YR RETURN 7.05%
3 YR 4.62%
5 YR --
10 YR --
1 YR RETURN 7.16%
3 YR 4.72%
5 YR 6.55%
10 YR 6.52%
1 YR RETURN 18.05%
3 YR 8.71%
5 YR --
10 YR --
Description
The investment seeks high current income; capital appreciation is a secondary objective. The fund, under normal circumstances, invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in high-yield debt securities that are rated below investment grade by an independent rating agency. It will generally seek to maintain a weighted average duration of three years or less, although the fund may invest in instruments of any duration or maturity.
The investment seeks to provide a high level of current income. The fund invests primarily in a diversified group of high-yielding, higher-risk corporate bonds-commonly known as "junk bonds"-with medium- and lower-range credit-quality ratings. It invests at least 80% of its assets in corporate bonds that are rated below Baa by Moody's Investors Service, Inc. (Moody's); have an equivalent rating by any other independent bond-rating agency; or, if unrated, are determined to be of comparable quality by the fund's advisor. The fund's high-yield bonds and loans mostly have short- and intermediate-term maturities.
The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the BofA Merrill Lynch US Fallen Angel High Yield Index (the "Fallen Angel Index"). The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index is comprised of below investment grade corporate bonds denominated in U.S. dollars that were rated investment grade at the time of issuance.

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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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