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LTMCX Thornburg Limited-Term Muni C

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Fund LTMCX Thornburg Limited-Term Muni C IBMG iShares iBonds Sep 2018 Term Muni Bond FMIFX Fidelity® Municipal Income 2017  
Similarity
?
100% 92% 97%
Annual Fees
?
$97.91
(0.96% Exp. Ratio)
$18.36
(0.18% Exp. Ratio)
$40.79
(0.40% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 1.98% annual return
$13,499.92 $17,082.02 $15,987.94
Est. savings over 30 yrs +$3,582.10 +$2,488.02
Return
As of 11/30/16
1 YR RETURN -1.28%
3 YR 0.77%
5 YR 1.20%
10 YR 2.62%
1 YR RETURN 0.41%
3 YR 1.02%
5 YR --
10 YR --
1 YR RETURN 0.49%
3 YR 0.85%
5 YR 1.73%
10 YR --
Description
The investment seeks to obtain as high a level of current income exempt from federal individual income tax as is consistent, in the view of the fund's investment advisor, with preservation of capital; the secondary goal of the fund is to reduce expected changes in its share price compared to longer intermediate and long-term bond portfolios. The fund normally invests 100% of its assets in municipal obligations. It invests in a laddered maturity portfolio of municipal obligations issued by states and state agencies, local governments and their agencies and by certain United States territories and possessions.
The investment seeks to track the investment results of the S&P AMT-Free Municipal Series 2018 IndexTM (the "underlying index"), which measures the performance of investment-grade, non-callable U.S. municipal bonds maturing in 2018. The fund generally will invest at least 90% of its assets in the component securities of the underlying index, and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents, as well as in securities not included in the underlying index, but which the advisor believes will help the fund track the underlying index. It is non-diversified.
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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