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CAIVX Columbia AMT-Free VA Interm Muni Bd R4

1 lower fee alternative found

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Fund CAIVX Columbia AMT-Free VA Interm Muni Bd R4 FMHTX Fidelity® Michigan Municipal Income  
Similarity
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100% 85%
Annual Fees
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$57.14
(0.56% Exp. Ratio)
$49.99
(0.49% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.03% annual return
$15,432.19 $15,761.44
Est. savings over 30 yrs +$329.25
Return
As of 10/31/16
1 YR RETURN 2.68%
3 YR 3.33%
5 YR 2.95%
10 YR 3.67%
1 YR RETURN 3.65%
3 YR 5.00%
5 YR 4.19%
10 YR 4.31%
Description
The investment seeks current income exempt from U.S. federal income tax and Virginia individual income tax, consistent with moderate fluctuation of principal. The fund invests at least 80% of its net assets in securities that pay interest exempt from U.S. federal income tax and Virginia individual income tax. These securities are issued by or on behalf of the Commonwealth of Virginia and its political subdivisions, agencies, authorities and instrumentalities, by other qualified issuers and by funds that invest in such securities. The fund may invest up to 20% of its net assets in securities that pay interest subject to taxation.
The investment seeks a high level of current income exempt from federal income tax and Michigan personal income tax. The fund normally invests at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal and Michigan personal income taxes. 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 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.

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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