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HYMAX Lord Abbett High Yield Municipal Bond A

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Fund HYMAX Lord Abbett High Yield Municipal Bond A GYIRX Goldman Sachs High Yield Muni IR  
Similarity
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100% 91%
Annual Fees
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$83.70
(0.82% Exp. Ratio)
$62.27
(0.61% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.08% annual return
$14,480.28 $15,428.89
Est. savings over 30 yrs +$948.61
Return
As of 10/31/16
1 YR RETURN 7.95%
3 YR 7.86%
5 YR 6.90%
10 YR 2.58%
1 YR RETURN 9.00%
3 YR 8.46%
5 YR 7.42%
10 YR 3.31%
Description
The investment seeks a high level of income exempt from federal income tax. The fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in municipal bonds that pay interest exempt from federal income tax. Under normal circumstances, it seeks to maintain a dollar-weighted average maturity of between ten and twenty-five years. The fund is non-diversified.
The investment seeks a high level of current income that is exempt from regular federal income tax and may also consider the potential for capital appreciation. The fund invests at least 80% of its net assets plus any borrowings for investment purposes in fixed income securities issued by or on behalf of states, territories and possessions of the United States and the political subdivisions, agencies and instrumentalities thereof, the interest on which is exempt from regular federal income tax. 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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