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MBOAX Madison Core Bond A

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Fund MBOAX Madison Core Bond A SCHZ Schwab US Aggregate Bond ETF™ FSITX Fidelity® US Bond Index Premium  
Similarity
?
100% 93% 90%
Annual Fees
?
$91.87
(0.90% Exp. Ratio)
$4.08
(0.04% Exp. Ratio)
$5.10
(0.05% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.07% annual return
$14,108.22 $18,283.11 $18,228.31
Est. savings over 30 yrs +$4,174.89 +$4,120.10
Return
As of 10/31/16
1 YR RETURN 4.21%
3 YR 2.86%
5 YR 1.93%
10 YR 3.33%
1 YR RETURN 4.23%
3 YR 3.42%
5 YR 2.77%
10 YR --
1 YR RETURN 4.30%
3 YR 3.44%
5 YR 2.81%
10 YR 4.32%
Description
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 track as closely as possible, before fees and expenses, the total return of the Bloomberg Barclays U.S. Aggregate Bond Index. The fund will invest at least 90% of its net assets in securities included in the index. The index is a broad-based benchmark measuring the performance of the U.S. investment grade, taxable bond market, including U.S. Treasuries, government-related and corporate bonds, mortgage pass-through securities, commercial mortgage-backed securities, and asset-backed securities that are publicly available for sale in the United States.
The investment seeks to provide investment results that correspond to the aggregate price and interest performance of the debt securities in the Barclays® U.S. Aggregate Bond Index. The fund normally invests at least 80% of the fund's assets in bonds included in the Barclays® U.S. Aggregate Bond Index. Its manager uses statistical sampling techniques based on duration, maturity, interest rate sensitivity, security structure, and credit quality to attempt to replicate the returns of the Barclays® U.S. Aggregate Bond Index using a smaller number of securities. The fund invests in Fidelity's central funds.

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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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