Investment Test Drive

HBIAX HSBC Global High Income Bond Retail

2 lower fee alternatives found

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Fund HBIAX HSBC Global High Income Bond Retail NFLT Virtus Newfleet Multi-Sect Uncons Bd ETF PRVBX Permanent Portfolio Versatile Bond I  
Similarity
?
100% 87% 87%
Annual Fees
?
$117.54
(1.15% Exp. Ratio)
$81.76
(0.80% Exp. Ratio)
$85.85
(0.84% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.21% annual return
$13,597.67 $15,118.70 $14,936.88
Est. savings over 30 yrs +$1,521.03 +$1,339.21
Return
As of 10/31/16
1 YR RETURN 7.04%
3 YR --
5 YR --
10 YR --
1 YR RETURN 7.34%
3 YR --
5 YR --
10 YR --
1 YR RETURN 10.13%
3 YR 3.66%
5 YR 3.77%
10 YR 3.02%
Description
The investment seeks to provide a high level of current income. The fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets, plus any borrowings for investment purposes, in a globally diversified portfolio of higher yielding securities. The fund invests in fixed income securities issued by companies or governments (or any political subdivision, agency, authority or instrumentality of a government) economically tied to a number of countries around the world, including the United States.
The investment seeks to provide a high level of current income and, secondarily, capital appreciation. Under normal market conditions, the fund will invest not less than 80% of its total assets in bonds. The Sub-Adviser seeks to select securities using a sector rotation approach and seeks to adjust the proportion of fund investments in various sectors and sub-sectors in an effort to obtain higher relative returns.
The investment seeks to earn high current income. In pursuit of its investment objective, under normal market conditions, the fund invests at least 80% of its assets in bonds, which may include debt securities of all types and of any maturity. The adviser may invest in bonds with a range of maturities from short- to long-term and does not attempt to maintain any pre-set average portfolio maturity or duration. Its duration will vary, depending on the investment adviser's forecast of interest rates and its assessment of market risks generally. The fund may invest in both "investment grade" and "below investment grade" 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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