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VNMYX Victory National Municipal Bond Y

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  YOU ASKED ABOUT FEATURED ALTERNATIVE ? ALTERNATIVE
Fund VNMYX Victory National Municipal Bond Y PTXFX Pacific Capital T/F Securities Y ITM VanEck Vectors AMT-Free Interm Muni ETF  
Similarity
?
100% 88% 94%
Annual Fees
?
$77.55
(0.76% Exp. Ratio)
$10.20
(0.10% Exp. Ratio)
$24.49
(0.24% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.04% annual return
$14,594.48 $17,805.35 $17,071.79
Est. savings over 30 yrs +$3,210.87 +$2,477.31
Return
As of 10/31/16
1 YR RETURN 3.01%
3 YR 3.02%
5 YR 2.76%
10 YR 3.73%
1 YR RETURN 3.32%
3 YR 4.07%
5 YR 3.63%
10 YR 3.76%
1 YR RETURN 4.81%
3 YR 4.87%
5 YR 4.37%
10 YR --
Description
The investment seeks to provide a high level of current interest income exempt from federal income tax, as is consistent with the preservation of capital. The fund pursues its investment objective by investing primarily in municipal securities, including mortgage-related securities, with fixed, variable, or floating interest rates. Under normal circumstances, the fund will invest at least 80% of its net assets in bonds issued by or on behalf of various states or municipalities, the interest on which is exempt from federal income tax. Federal income taxation includes the alternative minimum tax.
The investment seeks high current income that is exempt from federal and Hawaii income tax. The fund normally invests at least 80% of its net assets plus borrowings for investment purposes in investment grade municipal obligations - debt securities that pay interest which, in the opinion of counsel to the issuer, is exempt from both federal income tax and the federal alternative minimum tax. It normally invests not less than 50% of its net assets in Hawaii municipal obligations. The fund is non-diversified.
The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Bloomberg Barclays AMT-Free Intermediate Continuous Municipal Index. The fund normally invests at least 80% of its total assets in fixed income securities that comprise the index. The index is comprised of publicly traded municipal bonds that cover the U.S. dollar denominated intermediate term tax-exempt bond market.

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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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