Investment Test Drive

SACTX Spirit of America Income C

1 lower fee alternative found

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Fund SACTX Spirit of America Income C BAB PowerShares Build America Bond ETF  
Similarity
?
100% 90%
Annual Fees
?
$189.10
(1.85% Exp. Ratio)
$28.62
(0.28% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.22% annual return
$11,028.86 $17,753.72
Est. savings over 30 yrs +$6,724.87
Return
As of 11/30/16
1 YR RETURN 3.57%
3 YR 5.19%
5 YR 4.41%
10 YR --
1 YR RETURN 5.76%
3 YR 6.94%
5 YR 5.77%
10 YR --
Description
The investment seeks to provide high current income. The fund invests at least 80% of its assets in a portfolio of taxable municipal bonds, income producing convertible securities, preferred stocks, high yield U.S. corporate bonds, and CMOs. It may also invest in U.S. government agency securities issued or guaranteed by U.S. government-sponsored enterprises and federal agencies, including securities issued by the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, and the Government National Mortgage Association. The fund may also invest in MLPs, equity securities of dividend paying companies and private placements.
The investment seeks investment results that generally correspond to the price and yield (before fees and expenses) of the BofA Merrill Lynch Build America Bond Index. The fund generally invests at least 80% of its total assets in taxable municipal securities eligible to participate in the Build America Bond program created under the American Recovery and Reinvestment Act of 2009 (the "Act") or other legislation providing for the issuance of taxable municipal securities on which the issuer receives federal support of the interest paid ("Build America Bonds") and that comprise the underlying index.

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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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