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CNEAX American Funds College 2018 529A

2 lower fee alternatives found

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Fund CNEAX American Funds College 2018 529A MCYBX BMO TCH Core Plus Bond Y DLFNX DoubleLine Core Fixed Income N  
Similarity
?
100% 85% 85%
Annual Fees
?
$75.58
(0.74% Exp. Ratio)
$59.24
(0.58% Exp. Ratio)
$74.56
(0.73% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.14% annual return
$15,108.85 $15,856.81 $15,154.58
Est. savings over 30 yrs +$747.97 +$45.73
Return
As of 11/30/16
1 YR RETURN 1.68%
3 YR 2.99%
5 YR --
10 YR --
1 YR RETURN 5.27%
3 YR 3.30%
5 YR 4.18%
10 YR --
1 YR RETURN 2.77%
3 YR 3.38%
5 YR 3.58%
10 YR --
Description
The investment seeks to achieve the following objectives to varying degrees: growth, income and preservation of capital, depending on the proximity to its target date; the target date is meant to roughly correspond to the year in which the fund beneficiary will start to withdraw funds to meet higher education expenses. The fund will attempt to achieve its investment objectives by investing in a mix of American Funds in different combinations and weightings. The underlying American Funds represent a variety of fund categories such as growth-and-income funds, equity-income funds, balanced funds and bond funds.
The investment seeks to maximize total return consistent with current income. The fund invests at least 80% of its assets in bonds. The investments include corporate, asset-backed, mortgage-backed and U.S. government securities. Although the fund will invest primarily in securities with a minimum rating in the lowest investment grade category at the time of purchase, it may invest up to 20% of its assets in debt securities that are below investment grade, also known as high yield securities or "junk bonds."
The investment seeks to maximize current income and total return. The Advisor intends to invest at least 80% of its net assets (plus the amount of borrowings for investment purposes) in fixed income instruments. The fund may invest up to 33% of its net assets in junk bonds, bank loans and assignments rated below investment grade or unrated but determined by the Adviser to be of comparable quality, and credit default swaps of companies in the high yield universe. It may invest up to 5% of its net assets in defaulted corporate securities.

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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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