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MSHYX Morgan Stanley Inst High Yield IS

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Fund MSHYX Morgan Stanley Inst High Yield IS ANGL VanEck Vectors Fallen Angel HiYld Bd ETF FIHLX Federated Instl High Yield Bond R6  
Similarity
?
100% 88% 95%
Annual Fees
?
$63.26
(0.62% Exp. Ratio)
$35.71
(0.35% Exp. Ratio)
$50.00
(0.49% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.03% annual return
$15,176.68 $16,463.65 $15,783.70
Est. savings over 30 yrs +$1,286.97 +$607.02
Return
As of 11/30/16
1 YR RETURN 9.52%
3 YR 4.41%
5 YR --
10 YR --
1 YR RETURN 19.57%
3 YR 8.11%
5 YR --
10 YR --
1 YR RETURN 10.72%
3 YR 4.66%
5 YR 7.62%
10 YR 7.44%
Description
The investment seeks total return. Under normal circumstances, at least 80% of the Portfolio's assets will be invested in high yield securities (commonly referred to as "junk bonds"). The Portfolio seeks to achieve its investment objective by investing primarily in high yield securities which are fixed income securities rated below Baa3 by Moody's Investors Service, Inc. ("Moody's"), below BBB- by Standard & Poor's Rating Group, a division of The McGraw-Hill Companies, Inc. ("S&P"), below BBB- by Fitch Ratings, Inc. ("Fitch") or if unrated considered by the Adviser to be of equivalent quality.
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.
The investment seeks high current income. The fund pursues its investment objective by investing primarily in a diversified portfolio of high yield corporate bonds (also known as "junk bonds"), including loans and debt securities issued by U.S. or foreign businesses (including emerging market debt securities). The Adviser does not limit the fund's investments to securities of a particular maturity range. It may invest in derivative contracts (for example, futures contracts, option contracts and swap contracts) to implement its investment strategies.

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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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