Investment Test Drive

SGVSX Western Asset Mortgage Backed Sec 1

1 lower fee alternative found

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Fund SGVSX Western Asset Mortgage Backed Sec 1 MCYBX BMO TCH Core Plus Bond Y  
Similarity
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100% 85%
Annual Fees
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$69.46
(0.68% Exp. Ratio)
$59.24
(0.58% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.14% annual return
$15,385.70 $15,857.28
Est. savings over 30 yrs +$471.58
Return
As of 11/30/16
1 YR RETURN 1.07%
3 YR 3.30%
5 YR 4.13%
10 YR 5.06%
1 YR RETURN 5.27%
3 YR 3.30%
5 YR 4.18%
10 YR --
Description
The investment seeks high current return. The fund normally invests at least 80% of its assets in mortgage-backed securities. Mortgage-backed securities may be issued by government-sponsored entities such as the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac) and by agencies of the U.S. government, such as the Government National Mortgage Association (Ginnie Mae). It may invest in government stripped mortgage-backed securities and other stripped securities. The fund may invest in securities of any maturity or duration, and the securities may have fixed, floating or variable rates.
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."

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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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