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MKHCX MainStay High Yield Corporate Bond B

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Fund MKHCX MainStay High Yield Corporate Bond B PGHY PowerShares Global ShrtTerm HiYld Bd ETF ANGL VanEck Vectors Fallen Angel HiYld Bd ETF  
Similarity
?
100% 92% 88%
Annual Fees
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$180.60
(1.77% Exp. Ratio)
$35.71
(0.35% Exp. Ratio)
$35.71
(0.35% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.03% annual return
$10,703.63 $16,463.65 $16,463.65
Est. savings over 30 yrs +$5,760.01 +$5,760.01
Return
As of 11/30/16
1 YR RETURN 10.06%
3 YR 3.58%
5 YR 5.94%
10 YR 5.22%
1 YR RETURN 10.15%
3 YR 4.12%
5 YR --
10 YR --
1 YR RETURN 19.57%
3 YR 8.11%
5 YR --
10 YR --
Description
The investment seeks maximum current income through investment in a diversified portfolio of high-yield debt securities; 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 corporate debt securities, including all types of high-yield domestic and foreign corporate debt securities that are rated below investment grade or that are unrated but are considered to be of comparable quality by the Subadvisor. It may invest up to 20% of its net assets in common stocks and other equity-related securities.
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.
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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