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SMBCX Saratoga Municipal Bond C

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Fund SMBCX Saratoga Municipal Bond C VWLTX Vanguard Long-Term Tax-Exempt TFI SPDR® Nuveen Barclays Municipal Bond ETF  
100% 91% 88%
Annual Fees
(2.90% Exp. Ratio)
(0.20% Exp. Ratio)
(0.23% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.06% annual return
$7,633.82 $17,381.25 $17,225.19
Est. savings over 30 yrs +$9,747.43 +$9,591.37
As of 9/30/16
1 YR RETURN 2.33%
3 YR 1.14%
5 YR 0.61%
10 YR 0.95%
1 YR RETURN 7.01%
3 YR 6.72%
5 YR 5.32%
10 YR 4.86%
1 YR RETURN 6.36%
3 YR 5.73%
5 YR 4.34%
10 YR --
The investment seeks a high level of interest income that is excluded from federal income taxation to the extent consistent with prudent investment management and the preservation of capital. As a matter of fundamental policy, the Portfolio will normally invest at least 80% of its total assets in securities that pay interest exempt from federal income taxes. The Portfolio's Adviser generally invests the Portfolio's assets in municipal obligations. Municipal obligations are bonds, notes or short-term commercial paper issued by state governments, local governments, and their respective agencies.
The investment seeks a high and sustainable level of current income that is exempt from federal personal income taxes. The fund has no limitations on the maturity of individual securities but is expected to maintain a dollar-weighted average maturity of 10 to 25 years. At least 75% of the securities held by the fund are municipal bonds in the top three credit-rating categories as determined by a nationally recognized statistical rating organization (NRSRO) (e.g., Aaa, Aa, and A by Moody's Investors Service, Inc. (Moody's)) or, if unrated, determined to be of comparable quality by the advisor.
The investment seeks to provide investment results that correspond generally to the price and yield performance of the Barclays Municipal Managed Money Index. The fund invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in securities that the Sub-Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to track the U.S. long term tax-exempt bond market, including state and local general obligation bonds, revenue bonds, pre-refunded bonds, and insured bonds. 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.

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