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HMKCX Hartford Municipal Income C

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Fund HMKCX Hartford Municipal Income C VWAHX Vanguard High-Yield Tax-Exempt IBMK iShares iBonds Dec 2022 Term Muni Bond  
Similarity
?
100% 97% 89%
Annual Fees
?
$147.96
(1.45% Exp. Ratio)
$20.41
(0.20% Exp. Ratio)
$18.37
(0.18% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.04% annual return
$11,838.18 $17,278.35 $17,382.53
Est. savings over 30 yrs +$5,440.17 +$5,544.35
Return
As of 10/31/16
1 YR RETURN 3.86%
3 YR --
5 YR --
10 YR --
1 YR RETURN 6.15%
3 YR 6.47%
5 YR 5.65%
10 YR 4.85%
1 YR RETURN 4.02%
3 YR --
5 YR --
10 YR --
Description
The investment seeks to provide a high level of current income that is generally exempt from federal income taxes, and long-term total return. The fund will invest at least 80% of its net assets in municipal securities that pay interest exempt from federal income tax, and the fund may invest up to 35% of its net assets in non-investment grade municipal securities. It may invest in securities that produce income subject to income tax, including the Alternative Minimum Tax.
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 to track the investment results of the S&P AMT-Free Municipal Series Dec 2022 IndexTM, which measures the performance of investment-grade, non-callable U.S. municipal bonds maturing in 2022. The fund generally will invest at least 90% of its assets in the component securities of the underlying index, and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates, as well as in securities not included in the underlying index, but which BFA believes will help the fund track the underlying index. It is non-diversified.

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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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