Investment Test Drive

HHMAX Hartford Municipal Opportunities A

2 lower fee alternatives found

FeeX scanned the market for similar funds with lower fees and better past returns
Show results with
Investing
$
  YOU ASKED ABOUT FEATURED ALTERNATIVE ? ALTERNATIVE
Fund HHMAX Hartford Municipal Opportunities A VWAHX Vanguard High-Yield Tax-Exempt GUIRX Goldman Sachs Dynamic Municipal Inc IR  
Similarity
?
100% 98% 96%
Annual Fees
?
$70.41
(0.69% Exp. Ratio)
$20.41
(0.20% Exp. Ratio)
$54.08
(0.53% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.04% annual return
$14,906.49 $17,278.35 $15,644.06
Est. savings over 30 yrs +$2,371.86 +$737.57
Return
As of 10/31/16
1 YR RETURN 4.40%
3 YR 4.63%
5 YR 4.88%
10 YR --
1 YR RETURN 6.15%
3 YR 6.47%
5 YR 5.65%
10 YR 4.85%
1 YR RETURN 5.52%
3 YR 5.29%
5 YR 4.90%
10 YR 4.17%
Description
The investment seeks to provide current income that is generally exempt from federal income taxes and long-term total return. The fund seeks to achieve its investment objective by investing in investment grade and non-investment grade municipal securities (known as "junk bonds") that the sub-adviser considers to be attractive from a yield perspective while considering total return. At least 80% of the fund's net assets must be invested in municipal securities, and up to 35% of the fund's net assets may be invested in non-investment grade municipal securities.
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.
The investment seeks a high level of current income that is exempt from regular federal income tax. The fund invests, under normal market conditions, at least 80% of its net assets plus any borrowings for investment purposes in fixed income securities issued by or on behalf of states, territories and possessions of the United States and the political subdivisions, agencies and instrumentalities thereof, the interest on which is exempt from regular federal income tax. It may invest up to 100% of its Net Assets in private activity bonds, the interest on which may be a preference item for purposes of the federal alternative minimum tax.

Join FeeX to view all alternatives, get more data and filtering options, and be able to automatically scan all your investments for lower fee replacements.

It's free!

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.

+

Your Feedback has been sent successfully!