Investment Test Drive

SUMAX SEI Short Duration Municipal A (STET)

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Fund SUMAX SEI Short Duration Municipal A (STET) SMMU PIMCO Short Term Municipal Bond Actv ETF  
Similarity
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100% 85%
Annual Fees
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$83.62
(0.82% Exp. Ratio)
$35.69
(0.35% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 1.98% annual return
$14,060.30 $16,202.81
Est. savings over 30 yrs +$2,142.52
Return
As of 12/31/16
1 YR RETURN -0.29%
3 YR 0.13%
5 YR 0.33%
10 YR 1.49%
1 YR RETURN -0.25%
3 YR 0.48%
5 YR 0.54%
10 YR --
Description
The investment seeks a high level of income exempt from federal income tax consistent with the preservation of capital. The fund will invest, under normal circumstances, at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in investment grade municipal securities that pay interest that is exempt from federal income tax, including, but not limited to, municipal bonds, notes, variable rate demand notes and commercial paper.
The investment seeks attractive tax-exempt income, consistent with preservation of capital. The fund invests at least 80% of its assets in a diversified portfolio of debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from federal income tax ("Municipal Bonds"). Municipal Bonds generally are issued by or on behalf of states and local governments and their agencies, authorities and other instrumentalities. It may only invest in U.S. dollar-denominated investment grade debt securities, rated Baa or higher.

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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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