Investment Test Drive

CRAIX CRA Qualified Investment CRA

1 lower fee alternative found

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Fund CRAIX CRA Qualified Investment CRA CRATX CRA Qualified Investment Retail  
Similarity
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100% 100%
Annual Fees
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$92.93
(0.91% Exp. Ratio)
$82.72
(0.81% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.12% annual return
$14,269.97 $14,708.39
Est. savings over 30 yrs +$438.41
Return
As of 11/30/16
1 YR RETURN 0.33%
3 YR 1.97%
5 YR 1.48%
10 YR 3.23%
1 YR RETURN 0.53%
3 YR 2.11%
5 YR 1.60%
10 YR 3.33%
Description
The investment seeks to provide (1) a high level of current income consistent with the preservation of capital and (2) investments that will be deemed to be qualified under the Community Reinvestment Act of 1977, as amended. The fund will normally invest at least 90% of its net assets in debt securities and other debt instruments that the advisor believes will be CRA-qualifying. Such securities would include single-family, multi-family and economic development loan-backed securities. It may also invest up to 25% of its net assets in investment grade securities that are rated in the second or third highest rating categories. The fund is non-diversified.
The investment seeks to provide (1) a high level of current income consistent with the preservation of capital and (2) investments that will be deemed to be qualified under the Community Reinvestment Act of 1977, as amended. The fund will normally invest at least 90% of its net assets in debt securities and other debt instruments that the advisor believes will be CRA-qualifying. Such securities would include single-family, multi-family and economic development loan-backed securities. It may also invest up to 25% of its net assets in investment grade securities that are rated in the second or third highest rating categories. 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.

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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