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ABEIX Aberdeen Tax-Free Income Institutional

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Fund ABEIX Aberdeen Tax-Free Income Institutional SFBDX State Farm Municipal Bond VWITX Vanguard Interm-Term Tx-Ex Inv  
Similarity
?
100% 95% 90%
Annual Fees
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$63.27
(0.62% Exp. Ratio)
$16.33
(0.16% Exp. Ratio)
$20.41
(0.20% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.04% annual return
$15,224.94 $17,487.31 $17,278.35
Est. savings over 30 yrs +$2,262.37 +$2,053.40
Return
As of 10/31/16
1 YR RETURN 2.17%
3 YR 3.43%
5 YR 3.46%
10 YR 3.80%
1 YR RETURN 2.90%
3 YR 3.73%
5 YR 3.55%
10 YR 4.37%
1 YR RETURN 3.63%
3 YR 4.11%
5 YR 3.87%
10 YR 4.20%
Description
The investment seeks a high level of current income that is exempt from federal income taxes by investing in investment grade municipal obligations. The fund invests at least 80% of the value of its net assets, plus any borrowings for investment purposes, in investment grade fixed income securities that qualify as tax-exempt municipal obligations. It may invest in specific types of municipal obligations, including tax-exempt zero-coupon securities, auction rate securities and floating- and variable-rate bonds.
The investment seeks as high a rate of income exempt from federal income taxes as is consistent with prudent investment management. The fund invests primarily in a diversified selection of municipal bonds (for example, general obligation bonds of a state or bonds financing a specific project) with maturities of one to seventeen years. A majority of the fund's investments are in issues with maturities longer than five years. It normally invests at least 70% of its total assets in municipal bonds rated A or better by Moody's or S&P, meaning that up to 30% of the fund's total assets may be invested in medium and lower-quality bonds.
The investment seeks a moderate and sustainable level of current income that is exempt from federal personal income taxes. The fund has no limitations on the maturity of individual securities but is expected to maintain a dollar-weighted average maturity of 6 to 12 years. At least 75% of the securities held by the fund are municipal bonds in the top three credit-rating categories as determined by a nationally recognized statistical rating organization (NRSRO) or, if unrated, determined to be of comparable quality by the advisor.

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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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