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PAJAX Prudential Global Absolute Return Bond A

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Fund PAJAX Prudential Global Absolute Return Bond A ISIWX Voya Strategic Income Opportunities W PYAWX Payden Absolute Return Bond Adviser  
Similarity
?
100% 85% 86%
Annual Fees
?
$122.67
(1.20% Exp. Ratio)
$92.00
(0.90% Exp. Ratio)
$97.11
(0.95% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.22% annual return
$13,456.27 $14,737.58 $14,516.13
Est. savings over 30 yrs +$1,281.30 +$1,059.86
Return
As of 11/30/16
1 YR RETURN 1.62%
3 YR --
5 YR --
10 YR --
1 YR RETURN 4.86%
3 YR 3.76%
5 YR --
10 YR --
1 YR RETURN 2.73%
3 YR --
5 YR --
10 YR --
Description
The investment seeks positive returns over the long-term, regardless of market conditions. The fund has a flexible investment strategy and will invest in a variety of securities and instruments. It will also use a variety of investment techniques in pursuing its investment objective, which may include managing duration, credit quality, yield curve positioning and currency exposure, as well as sector and security selection. Under normal market conditions, the fund will invest at least 80% of its investable assets in fixed income instruments with varying maturities. Normally the fund invests at least 40% of its investable assets in foreign securities.
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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