Investment Test Drive

IOXIX Catalyst/Stone Beach Income Opp I

5 lower fee alternatives found

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  YOU ASKED ABOUT FEATURED ALTERNATIVE ? ALTERNATIVE
Fund IOXIX Catalyst/Stone Beach Income Opp I ISIWX Voya Strategic Income Opportunities W PYAWX Payden Absolute Return Bond Adviser  
Similarity
?
100% 89% 86%
Annual Fees
?
$134.55
(1.32% Exp. Ratio)
$91.74
(0.90% Exp. Ratio)
$96.84
(0.95% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 1.93% annual return
$11,927.47 $13,548.27 $13,344.69
Est. savings over 30 yrs +$1,620.80 +$1,417.22
Return
As of 12/31/16
1 YR RETURN 2.66%
3 YR --
5 YR --
10 YR --
1 YR RETURN 5.38%
3 YR 3.80%
5 YR --
10 YR --
1 YR RETURN 3.55%
3 YR --
5 YR --
10 YR --
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 total return through income and capital appreciation through all market cycles. The fund invests in fixed-income instruments, including investment-grade securities and below investment-grade securities, commonly referred to as "junk bonds." It generally maintains a dollar-weighted average duration profile between -2 and 6 years. The fund may also invest in floating rate loans, and other floating rate debt instruments.
The investment seeks a high level of total return that is consistent with preservation of capital. The fund invests at least 80% of its investable assets (net assets plus borrowing for investment purposes, if any) in bonds or investments that provide exposure to bonds. It invests in both investment grade debt securities and securities rated below investment grade. The fund will invest in both developed and emerging markets. It may also invest in (1) convertible bonds and preferred stock; (2) real estate investment trusts; and (3) equity securities and equity-related securities and master limited partnerships. 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.

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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