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DMREX DFA Municipal Real Return Institutional

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Fund DMREX DFA Municipal Real Return Institutional VWAHX Vanguard High-Yield Tax-Exempt  
Similarity
?
100% 88%
Annual Fees
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$27.55
(0.27% Exp. Ratio)
$20.41
(0.20% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.04% annual return
$16,912.98 $17,272.76
Est. savings over 30 yrs +$359.78
Return
As of 11/30/16
1 YR RETURN 0.53%
3 YR --
5 YR --
10 YR --
1 YR RETURN 0.70%
3 YR 4.95%
5 YR 4.59%
10 YR 4.29%
Description
The investment seeks inflation protection and current income from municipal securities. The fund seeks its investment objective by investing primarily in a universe of investment grade municipal securities, including inflation-protected municipal securities, and in derivative instruments to provide inflation protection. It will invest at least 80% of its net assets in municipal securities that pay interest exempt from federal income tax. No more than 25% of the Portfolio's assets will be invested in municipal securities that, at the time of purchase, are rated in the lowest quarter of the investment grade spectrum.
The investment seeks a high and sustainable level of current income that is exempt from federal personal income taxes. The fund invests at least 80% of its assets in investment-grade municipal bonds, as determined by a nationally recognized statistical rating organization (NRSRO) (e.g., Baa or higher by Moody's Investors Service, Inc. (Moody's)) or, if unrated, determined to be of comparable quality by the advisor. Up to 20% of the fund's assets may be invested in bonds that are rated less than investment grade by an NRSRO (e.g., less than Baa by Moody's) 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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