Investment Test Drive

IRNIX Iron Strategic Income Investor

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Fund IRNIX Iron Strategic Income Investor ISIWX Voya Strategic Income Opportunities W  
Similarity
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100% 93%
Annual Fees
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$196.26
(1.92% Exp. Ratio)
$92.00
(0.90% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.22% annual return
$10,805.45 $14,738.01
Est. savings over 30 yrs +$3,932.56
Return
As of 11/30/16
1 YR RETURN 2.86%
3 YR 0.15%
5 YR 3.05%
10 YR 5.22%
1 YR RETURN 4.86%
3 YR 3.76%
5 YR --
10 YR --
Description
The investment seeks to maximize total return. The fund seeks to attain its investment objective by strategically adjusting the portfolio's market exposure, typically to fixed income markets, including high yield securities, convertible bonds and cash. The fund's adviser, IRON Financial, LLC, employs a top down approach that includes a review of fundamental and quantitative factors to determine the desired economic exposure at any given time. This total return approach strives to earn interest income on securities held in the fund's portfolio and to generate capital appreciation through strategic adjustments of the fund's assets.
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.

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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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