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FQAOX Strategic Advisers® Core Inc Multi-Mgr N

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Fund FQAOX Strategic Advisers® Core Inc Multi-Mgr N MBOYX Madison Core Bond Y DLFNX DoubleLine Core Fixed Income N  
Similarity
?
100% 85% 85%
Annual Fees
?
$84.73
(0.83% Exp. Ratio)
$66.35
(0.65% Exp. Ratio)
$74.52
(0.73% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.08% annual return
$14,452.68 $15,260.72 $14,896.34
Est. savings over 30 yrs +$808.04 +$443.66
Return
As of 11/30/16
1 YR RETURN 2.52%
3 YR 2.49%
5 YR --
10 YR --
1 YR RETURN 2.76%
3 YR 2.60%
5 YR 1.75%
10 YR 3.28%
1 YR RETURN 2.77%
3 YR 3.38%
5 YR 3.58%
10 YR --
Description
The investment seeks a high level of current income. The fund normally invests primarily in investment-grade debt securities (those of medium and high quality) of all types and repurchase agreements for those securities. It invests up to 30% of assets in high yield and emerging market debt securities. The fund invests in domestic and foreign issuers. It invests directly in securities through one or more managers (sub-advisers) or indirectly in securities through one or more other funds, referred to as underlying funds, which in turn invest directly in securities.
The investment seeks to generate a high level of current income, consistent with the prudent limitation of investment risk. The fund invests at least 80% of its net assets (including borrowings for investment purposes) in bonds. To keep current income relatively stable and to limit share price volatility, the fund emphasizes investment grade securities and maintains an intermediate (typically 3-7 year) average portfolio duration, with the goal of being between 85-115% of the market benchmark duration (for this purpose, the benchmark used is Barclays U.S. Aggregate Bond Index, the duration of which as of December 31, 2015 was 5.68 years).
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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