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SRMSX Deutsche Short-Term Municipal Bond S

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Fund SRMSX Deutsche Short-Term Municipal Bond S VMLTX Vanguard Ltd-Term Tx-Ex PTFSX Pacific Capital Tx-Fr Shrt Interm Secs Y  
100% 97% 85%
Annual Fees
(0.58% Exp. Ratio)
(0.20% Exp. Ratio)
(0.15% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 1.98% annual return
$15,143.91 $16,980.14 $17,237.22
Est. savings over 30 yrs +$1,836.24 +$2,093.31
As of 10/31/16
1 YR RETURN 0.89%
3 YR 0.95%
5 YR 1.03%
10 YR 1.84%
1 YR RETURN 1.31%
3 YR 1.42%
5 YR 1.56%
10 YR 2.55%
1 YR RETURN 1.13%
3 YR 1.31%
5 YR 1.23%
10 YR 1.94%
The investment seeks a high level of income exempt from regular federal income tax, consistent with the preservation of capital. Under normal market conditions, the fund invests at least 80% of its assets, determined at the time of purchase, in municipal securities that pay interest exempt from regular federal income tax. It invests primarily in investment grade municipal securities (securities within the top four credit rating categories) and up to 15% of assets investable in the fourth highest rating category.
The investment seeks current income that is exempt from federal personal income taxes, with limited price volatility. The fund has no limitations on the maturity of individual securities, but is expected to maintain a dollar-weighted average maturity of 2 to 6 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 or, if unrated, determined to be of comparable quality by the advisor. The remaining 5% may be invested in securities with lower credit ratings or, if unrated, determined to be of comparable quality by the advisor.
The investment seeks high current income that is exempt from federal and Hawaii income tax, with greater stability in the price of the investors' investment than a long-term bond fund. The fund normally invests at least 80% of its net assets plus borrowings for investment purposes in investment grade municipal obligations - debt securities that pay interest which, in the opinion of counsel to the issuer, is exempt from both federal income tax and the federal alternative minimum tax. It normally invests not less than 50% of its net assets in Hawaii municipal obligations. 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.


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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