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IRBIX Ivy Targeted Return Bond I

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Fund IRBIX Ivy Targeted Return Bond I ISIWX Voya Strategic Income Opportunities W  
Similarity
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100% 89%
Annual Fees
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$101.93
(1.00% Exp. Ratio)
$91.74
(0.90% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 1.93% annual return
$13,144.08 $13,548.27
Est. savings over 30 yrs +$404.19
Return
As of 12/31/16
1 YR RETURN --
3 YR --
5 YR --
10 YR --
1 YR RETURN 5.38%
3 YR 3.80%
5 YR --
10 YR --
Description
The investment seeks to provide total return through a combination of current income and capital appreciation. The fund invests at least 80% of its net assets in bonds. The term "bonds" includes any debt security with an initial maturity greater than one year. The fund benchmarks itself against a benchmark of cash instruments (the Barclays Capital U.S. 1-3 Month Treasury Bill Index). It is designed to pursue a positive return that exceeds its benchmark by using a flexible approach to bond investing. 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.

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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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