Investment Test Drive

MFAEX American Funds Mortgage F1

2 lower fee alternatives found

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Fund MFAEX American Funds Mortgage F1 GGIUX Goldman Sachs US Mortgages R6 DPIGX Dupree Intermediate Govt Bond  
Similarity
?
100% 86% 85%
Annual Fees
?
$68.41
(0.67% Exp. Ratio)
$45.95
(0.45% Exp. Ratio)
$54.12
(0.53% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.11% annual return
$15,280.22 $16,328.81 $15,939.70
Est. savings over 30 yrs +$1,048.59 +$659.48
Return
As of 10/31/16
1 YR RETURN 2.64%
3 YR 2.79%
5 YR 2.28%
10 YR --
1 YR RETURN 3.19%
3 YR 3.29%
5 YR 3.08%
10 YR 4.02%
1 YR RETURN 3.84%
3 YR 4.32%
5 YR 3.05%
10 YR 4.35%
Description
The investment seeks to provide current income and preservation of capital. Normally at least 80% of the fund's assets will be invested in mortgage-related securities, including securities collateralized by mortgage loans and contracts for future delivery of such securities (such as to be announced contracts and mortgage dollar rolls). The fund will invest primarily in mortgage-related securities that are sponsored or guaranteed by the U.S. government, such as securities issued by government-sponsored entities that are not backed by the full faith and credit of the U.S. government, and non-government mortgage-related securities.
The investment seeks a high level of total return consisting of income and capital appreciation. The fund normally invests at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) ("Net Assets") in securities representing direct or indirect interests in or that are collateralized by adjustable rate and fixed rate mortgage loans or other mortgage-related securities of U.S. issuers. It may also invest in mortgage dollar rolls, securities issued or guaranteed by the U.S. government, its agencies, instrumentalities or sponsored enterprises, asset-backed securities and foreign securities.
The investment seeks to provide a high and stable level of income derived from bonds issued by the U.S. government and its agencies without incurring undue risk to principal. At least eighty percent (80%) of the fund will be invested in securities issued by the U.S. government or its agencies or instrumentalities, with the remainder of the fund invested in bank accounts fully insured by the FDIC or collateralized by bonds issued by the U.S. government or its agencies or U.S. Treasury or Agency Notes and Bills. The nominal maturity of it will normally range between 3-10 years. 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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