Investment Test Drive

EIIAX First Investors Tax Exempt Opps Advisor

2 lower fee alternatives found

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Fund EIIAX First Investors Tax Exempt Opps Advisor PZA PowerShares National AMT-Free MuniBd ETF RVNU Deutsche X-trackers Muni Infras Revn Bd  
Similarity
?
100% 91% 88%
Annual Fees
?
$87.79
(0.86% Exp. Ratio)
$28.58
(0.28% Exp. Ratio)
$30.62
(0.30% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.08% annual return
$14,307.36 $17,043.56 $16,941.31
Est. savings over 30 yrs +$2,736.19 +$2,633.94
Return
As of 11/30/16
1 YR RETURN 0.27%
3 YR 4.57%
5 YR 3.99%
10 YR 4.40%
1 YR RETURN 0.94%
3 YR 5.77%
5 YR 4.56%
10 YR --
1 YR RETURN 0.95%
3 YR 6.16%
5 YR --
10 YR --
Description
The investment seeks a high level of interest income that is exempt from federal income tax and is not a tax preference item for purposes of the federal alternative minimum tax and, secondarily, total return. Under normal circumstances, at least 80% of the fund's net assets (plus any borrowings for investment purposes) will be invested in municipal securities that pay interest that is exempt from federal income tax and is not a Tax Preference Item. However, the fund typically attempts to invest all of its assets in such securities. It diversifies its assets among municipal bonds and securities of different states, municipalities, and U.S. territories.
The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the BofA Merrill Lynch National Long-Term Core Plus Municipal Securities Index. The fund generally will invest at least 80% of its total assets in municipal securities that comprise the underlying index and that also are exempt from the federal alternative minimum tax ("AMT"). The underlying index is composed of U.S. dollar-denominated, investment grade, tax-exempt debt publicly issued by U.S. states and territories or their political subdivisions, in the U.S. domestic market with a term of at least 15 years remaining to final maturity.
The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the Solactive Municipal Infrastructure Revenue Bond Index (the "underlying index"). The fund will invest at least 80% of its total assets (but typically far more) in instruments that comprise the underlying index. The underlying index is comprised of tax-exempt municipal securities issued by states, cities, counties, districts, their respective agencies, and other tax-exempt issuers. The fund 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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