Investment Test Drive

ICPOX Ivy Apollo Strategic Income C

9 lower fee alternatives found

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Fund ICPOX Ivy Apollo Strategic Income C ASIEX American Century Strategic Income Inv NFLT Virtus Newfleet Multi-Sect Uncons Bd ETF  
Similarity
?
100% 91% 91%
Annual Fees
?
$189.08
(1.85% Exp. Ratio)
$76.66
(0.75% Exp. Ratio)
$81.77
(0.80% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.21% annual return
$10,996.86 $15,362.96 $15,132.46
Est. savings over 30 yrs +$4,366.10 +$4,135.61
Return
As of 11/30/16
1 YR RETURN 4.65%
3 YR --
5 YR --
10 YR --
1 YR RETURN 5.50%
3 YR --
5 YR --
10 YR --
1 YR RETURN 6.46%
3 YR --
5 YR --
10 YR --
Description
The investment seeks to provide a high level of current income; capital appreciation is a secondary objective. The fund seeks to achieve its objectives by allocating its assets among three different investment strategies: Total Return Strategy (Apollo); Global Bond Strategy (IICO); and High Income Strategy (IICO). Apollo invests the assets allocated to the total return strategy using a multi-sector approach across a broad range of credit-oriented markets with a primary, but not exclusive, focus on non-investment grade credit.
The investment seeks income; long-term capital appreciation is the secondary consideration. The fund invests in both investment-grade and high-yield, non-money market debt securities. These securities may include corporate bonds and notes, government securities and securities backed by mortgages or other assets. The fund may also invest in certain equity securities such as preferred stock, convertible securities or equity equivalents provided that such investments are consistent with the fund's investment objectives.
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.

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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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