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FITSX Federated Government Income Service

1 lower fee alternative found

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Fund FITSX Federated Government Income Service GNMA iShares GNMA Bond  
Similarity
?
100% 85%
Annual Fees
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$83.74
(0.82% Exp. Ratio)
$15.32
(0.15% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.12% annual return
$14,663.53 $17,945.59
Est. savings over 30 yrs +$3,282.05
Return
As of 11/30/16
1 YR RETURN 0.79%
3 YR 1.95%
5 YR 1.47%
10 YR 3.28%
1 YR RETURN 1.36%
3 YR 2.52%
5 YR --
10 YR --
Description
The investment seeks current income. Under normal market conditions, the fund invests primarily in mortgage-backed securities (MBS) of investment-grade quality and seeks to provide returns consistent with investments in the market for U.S. home mortgages. It will invest in MBS that are issued or guaranteed by U.S. government agencies or U.S. government-sponsored enterprises (GSEs). The fund also may invest in U.S. government securities and certain derivative instruments.
The investment seeks to track the investment results of Bloomberg Barclays U.S. GNMA Bond Index. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. The underlying index includes fixed-rate mortgage pass-through securities issued by GNMA that have 30- or 15-year maturities. The index measures the performance of mortgage-backed pass-through securities issued by GNMA.

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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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