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MGFIX AMG Managers Loomis Sayles Bond S

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Fund MGFIX AMG Managers Loomis Sayles Bond S USIBX USAA Intermediate-Term Bond  
Similarity
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100% 96%
Annual Fees
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$101.12
(0.99% Exp. Ratio)
$63.33
(0.62% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.14% annual return
$14,012.08 $15,671.14
Est. savings over 30 yrs +$1,659.06
Return
As of 11/30/16
1 YR RETURN 3.77%
3 YR 2.73%
5 YR 4.41%
10 YR 5.24%
1 YR RETURN 4.79%
3 YR 3.07%
5 YR 4.57%
10 YR 5.47%
Description
The investment seeks to achieve a high level of current income. The fund normally invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in bonds (debt securities). Under normal market conditions, it invests at least 65% of its total assets in investment grade corporate bonds, mortgage-related and other asset-backed securities and securities issued or guaranteed by the U.S. government, its agencies or instrumentalities. Up to 10% of the total assets of the fund may be invested in non-U.S. dollar-denominated instruments.
The investment seeks high current income without undue risk to principal. The fund normally invests at least 80% of its assets in a broad range of debt securities that have a dollar-weighted average portfolio maturity between three to 10 years. 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 to as high-yield or "junk" bonds.

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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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