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MKINX MainStay Tax-Free Bond Inv

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Fund MKINX MainStay Tax-Free Bond Inv RVNU Deutsche X-trackers Muni Infras Revn Bd  
Similarity
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100% 89%
Annual Fees
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$83.71
(0.82% Exp. Ratio)
$30.62
(0.30% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.08% annual return
$14,489.65 $16,950.77
Est. savings over 30 yrs +$2,461.12
Return
As of 11/30/16
1 YR RETURN 0.55%
3 YR 5.23%
5 YR 4.72%
10 YR 3.93%
1 YR RETURN 0.95%
3 YR 6.16%
5 YR --
10 YR --
Description
The investment seeks current income exempt from regular federal income tax. The fund, under normal circumstances, invests at least 80% of its assets (net assets plus borrowings for investment purposes) in municipal bonds that are rated investment grade. On average, it will invest in municipal bonds that have a maturity range of 10 to 30 years. The fund may not invest more than 20% of its net assets in tax-exempt securities subject to the federal alternative minimum tax.
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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