Investment Test Drive

HFBAX Highland Fixed Income A

4 lower fee alternatives found

FeeX scanned the market for similar funds with lower fees and better past returns
Show results with
Investing
$
  YOU ASKED ABOUT FEATURED ALTERNATIVE ? ALTERNATIVE
Fund HFBAX Highland Fixed Income A USAIX USAA Income MCYBX BMO TCH Core Plus Bond Y  
Similarity
?
100% 86% 87%
Annual Fees
?
$96.01
(0.94% Exp. Ratio)
$52.09
(0.51% Exp. Ratio)
$59.24
(0.58% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.14% annual return
$14,225.92 $16,199.95 $15,861.47
Est. savings over 30 yrs +$1,974.03 +$1,635.55
Return
As of 11/30/16
1 YR RETURN 4.28%
3 YR 2.68%
5 YR 2.53%
10 YR 3.72%
1 YR RETURN 4.30%
3 YR 3.15%
5 YR 3.54%
10 YR 4.92%
1 YR RETURN 5.27%
3 YR 3.30%
5 YR 4.18%
10 YR --
Description
The investment seeks maximum income consistent with prudent investment management and the preservation of capital. The fund seeks to achieve its investment objective by investing at least 80% of its net assets under normal circumstances in debt securities. It invests primarily in a variety of investment-grade debt securities, such as mortgage-backed securities, corporate bonds, U.S. government securities and money market instruments. The fund normally has a weighted average maturity of approximately five to ten years, but is subject to no limitation with respect to the maturities of the instruments in which it may invest.
The investment seeks maximum current income without undue risk to principal. The fund invests its assets primarily in U.S. dollar-denominated debt securities, including, among others, obligations of U.S., state and local governments, their agencies and instrumental mortgage- and asset-backed securities, corporate debt securities and repurchase agreements that have been selected for their high yields relative to the risk involved. It will invest primarily in investment-grade securities but also may invest up to 10% of its net assets in below-investment-grade securities, which are sometimes referred as high-yield or "junk" bonds.
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."

Join FeeX to view all alternatives, get more data and filtering options, and be able to automatically scan all your investments for lower fee replacements.

It's free!

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.

+

Your Feedback has been sent successfully!