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IOXIX Catalyst/Stone Beach Income Opp I

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Fund IOXIX Catalyst/Stone Beach Income Opp I FPNIX FPA New Income EXCPX Manning & Napier Unconstrained Bond S  
Similarity
?
100% 93% 85%
Annual Fees
?
$135.56
(1.33% Exp. Ratio)
$49.94
(0.49% Exp. Ratio)
$78.48
(0.77% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 1.93% annual return
$11,865.40 $15,301.36 $14,061.06
Est. savings over 30 yrs +$3,435.97 +$2,195.67
Return
As of 10/31/16
1 YR RETURN 1.41%
3 YR --
5 YR --
10 YR --
1 YR RETURN 1.83%
3 YR 1.21%
5 YR 1.35%
10 YR 2.59%
1 YR RETURN 3.41%
3 YR 2.11%
5 YR 3.41%
10 YR 5.24%
Description
The investment seeks high current income with a secondary objective of capital appreciation. The fund seeks to deliver monthly dividend income derived from its investments in mortgage-backed securities ("MBS"), including U.S. agency and non-agency residential MBS, commercial mortgage-backed securities ("CMBS"), real estate investment trusts ("REITs") and other related instruments. U.S. agency MBS in which the fund may invest include pass through and structured securities, such as fixed, floating and inverse floating rate collateralized mortgage obligations ("CMOs") as well as interest- only and principal only MBS. It is non-diversified.
The investment seeks current income and long-term total return. The fund's investment adviser, First Pacific Advisors, LLC, primarily invests in a diversified portfolio of debt securities, cash and cash equivalents. It generally invests in highly rated debt securities and will invest at least 75% of its total assets, calculated at market value at time of purchase, in debt securities rated at least A- or its equivalent by a NRSRO. The fund may invest up to 25% of its total assets, calculated at market value at time of purchase, in debt securities that are rated below A- or its equivalent by a NRSRO or that are unrated.
The investment seeks to provide long-term total return, and its secondary objective is to provide preservation of capital. The fund will invest, under normal circumstances, at least 80% of its net assets in bonds and other financial instruments, principally derivative instruments and exchange-traded funds (ETFs), with economic characteristics similar to bonds. It may invest up to 50% of its assets in below investment grade securities (also referred to as "high yield bonds" or "junk bonds") and may invest up to 50% of its assets in non-U.S. dollar denominated securities, including securities issued by companies located in emerging markets.

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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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