Investment Test Drive

MRGIX BMO Mortgage Income Y

6 lower fee alternatives found

FeeX scanned the market for similar funds with lower fees and better past returns
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  YOU ASKED ABOUT FEATURED ALTERNATIVE ? ALTERNATIVE
Fund MRGIX BMO Mortgage Income Y WTIBX Westcore Plus Bond Retail BAGSX Baird Aggregate Bond Inv  
Similarity
?
100% 85% 85%
Annual Fees
?
$81.67
(0.80% Exp. Ratio)
$56.15
(0.55% Exp. Ratio)
$56.15
(0.55% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.08% annual return
$14,584.42 $15,728.33 $15,728.33
Est. savings over 30 yrs +$1,143.91 +$1,143.91
Return
As of 11/30/16
1 YR RETURN 1.49%
3 YR 2.66%
5 YR 2.11%
10 YR 3.99%
1 YR RETURN 2.89%
3 YR 3.03%
5 YR 3.00%
10 YR 4.16%
1 YR RETURN 2.68%
3 YR 3.13%
5 YR 3.42%
10 YR 4.39%
Description
The investment seeks to provide current income. The fund invests at least 80% of its assets in mortgage-related securities issued or sponsored by the U.S. government or its agencies and instrumentalities. The securities in which the fund invests generally will have a minimum rating no lower than the lowest investment grade category (i.e., rated BBB by Standard & Poor's or Baa by Moody's Investors Service, or higher, or unrated and considered by the Adviser to be comparable in quality) at the time of purchase.
The investment seeks to achieve long-term total rate of return, consistent with preservation of capital, by investing primarily in investment-grade bonds of varying maturities. Under normal circumstances, the fund will invest at least eighty percent (80%) of the value of its net assets, plus any borrowings for investment purposes, in bonds of varying maturities. Bonds for purposes of this limitation include corporate bonds, convertible bonds, government and agency securities, mortgage-backed securities, asset-backed securities, and zero coupon bonds.
The investment seeks an annual rate of total return, before fund expenses, greater than the annual rate of total return of the Barclays U.S. Aggregate Bond Index. The fund normally invests at least 80% of its net assets in the following types of U.S. dollar‑denominated debt obligations: U.S. government and other public‑sector entities; asset‑backed and mortgage‑backed obligations of U.S. and foreign issuers; corporate debt of U.S. and foreign issuers. It only invests in debt obligations rated investment grade at the time of purchase by at least one major rating agency or, if unrated, determined by Robert W. Baird & Co. Incorporated to be investment grade.

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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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