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HICMX Pioneer High Income Municipal C

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Fund HICMX Pioneer High Income Municipal C HYMB SPDR® Nuveen S&P High Yield Muni Bd ETF ABHYX American Century High-Yield Muni Inv  
Similarity
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100% 90% 96%
Annual Fees
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$168.43
(1.65% Exp. Ratio)
$45.93
(0.45% Exp. Ratio)
$61.25
(0.60% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.08% annual return
$11,249.46 $16,185.97 $15,470.07
Est. savings over 30 yrs +$4,936.51 +$4,220.61
Return
As of 11/30/16
1 YR RETURN 0.57%
3 YR 4.46%
5 YR 4.86%
10 YR 1.77%
1 YR RETURN 2.49%
3 YR 6.93%
5 YR 6.28%
10 YR --
1 YR RETURN 0.87%
3 YR 5.34%
5 YR 5.05%
10 YR 3.22%
Description
The investment seeks to maximize total return through a combination of income that is exempt from regular federal income tax and capital appreciation. The fund invests at least 80% of its net assets in debt securities and other obligations issued by or on behalf of states, counties, municipalities, territories and possessions of the United States and the District of Columbia and their authorities, political subdivisions, agencies and instrumentalities, the interest on which is exempt from regular federal income tax ("municipal securities"). It may invest in municipal securities with a broad range of maturities. The fund is non-diversified.
The investment seeks to provide investment results that correspond generally to the price and yield performance of the S&P Municipal Yield Index. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in securities that the Sub-Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index tracks the U.S. high yield municipal bond market and to provide income that is exempt from federal income taxes. The fund is non-diversified.
The investment seeks high current income that is exempt from federal income tax; capital appreciation is a secondary consideration. The fund invests in municipal and other debt securities with an emphasis on high-yield securities. Under normal market conditions, the portfolio managers invest at least 80% of the fund's net assets in municipal securities with interest payments exempt from federal income tax. Some of these investments in municipal securities are not necessarily exempt from the federal alternative minimum tax.

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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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