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SRHMX Columbia High Yield Muni Z

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Fund SRHMX Columbia High Yield Muni Z HYMB SPDR® Nuveen S&P High Yield Muni Bd ETF  
Similarity
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100% 93%
Annual Fees
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$67.37
(0.66% Exp. Ratio)
$45.93
(0.45% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.08% annual return
$15,192.37 $16,185.97
Est. savings over 30 yrs +$993.60
Return
As of 11/30/16
1 YR RETURN 0.73%
3 YR 6.07%
5 YR 5.77%
10 YR 3.95%
1 YR RETURN 2.49%
3 YR 6.93%
5 YR 6.28%
10 YR --
Description
The investment seeks total return, consisting of current income exempt from federal income tax and capital appreciation. Under normal circumstances, the fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in high yield securities. These securities generally include medium grade or below investment grade debt securities or unrated debt securities determined to be of comparable quality, but also may include other securities believed to have the potential for relatively high yield. It may invest in bonds of any maturity.
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.

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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.

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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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