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FTFZX Franklin Federal Lmtd-Term T/F Inc Adv

1 lower fee alternative found

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Fund FTFZX Franklin Federal Lmtd-Term T/F Inc Adv FMIFX Fidelity® Municipal Income 2017  
Similarity
?
100% 85%
Annual Fees
?
$48.95
(0.48% Exp. Ratio)
$40.79
(0.40% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 1.98% annual return
$15,606.68 $15,987.47
Est. savings over 30 yrs +$380.79
Return
As of 11/30/16
1 YR RETURN 0.02%
3 YR 0.65%
5 YR 1.04%
10 YR 2.33%
1 YR RETURN 0.49%
3 YR 0.85%
5 YR 1.73%
10 YR --
Description
The investment seeks to provide investors with as high a level of income exempt from federal income taxes as is consistent with prudent investment management and the preservation of shareholders' capital. The fund invests at least 80% of its total assets in securities whose interest is free from federal income taxes, including the federal alternative minimum tax. It does maintain a dollar-weighted average portfolio maturity of five years or less. The fund only buys municipal securities rated, at the time of purchase, in one of the top four ratings categories by one or more U.S. nationally recognized rating services.
The investment seeks as high a level of current income, exempt from federal income tax, as is consistent with the preservation of capital. The fund invests at least 80% of its assets in investment-grade municipal securities whose interest is exempt from federal income tax. It invests more than 25% of total assets in municipal securities that finance similar types of projects. The fund allocates assets across different market sectors and maturities. It liquidates shortly after the fund's target end-date of June 30, 2017.

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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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