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MIIBX Madison High Quality Bond Y

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Fund MIIBX Madison High Quality Bond Y VBIRX Vanguard Short-Term Bond Index Adm BSV Vanguard Short-Term Bond ETF  
Similarity
?
100% 95% 95%
Annual Fees
?
$50.06
(0.49% Exp. Ratio)
$9.19
(0.09% Exp. Ratio)
$9.19
(0.09% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.16% annual return
$16,396.35 $18,493.29 $18,493.29
Est. savings over 30 yrs +$2,096.94 +$2,096.94
Return
As of 11/30/16
1 YR RETURN 0.61%
3 YR 0.92%
5 YR 0.97%
10 YR 2.96%
1 YR RETURN 1.14%
3 YR 1.09%
5 YR 1.23%
10 YR 2.98%
1 YR RETURN 1.14%
3 YR 1.07%
5 YR 1.22%
10 YR 2.96%
Description
The investment seeks to obtain the highest total investment return within the policy limitations of (1) investing in bonds and money market instruments rated A or better, and (2) maintaining a dollar weighted average maturity of ten years or less. Under normal market conditions, the fund will invest at least 80% of its net assets (including borrowings for investment purposes) in higher quality bond issues and, therefore, intends to maintain an overall portfolio quality rating of A by Standard & Poor's and/or A2 by Moody's. The dollar weighted average maturity of the fund as of December 31, 2015 was 2.92 years.
The investment seeks to track the performance of a market-weighted bond index with a short-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Bloomberg Barclays U.S. 1-5 Year Government/Credit Float Adjusted Index. This index includes all medium and larger issues of U.S. government, investment-grade corporate, and investment-grade international dollar-denominated bonds that have maturities between 1 and 5 years and are publicly issued. All of its investments will be selected through the sampling process, and at least 80% of its assets will be invested in bonds held in the index.
The investment seeks to track the performance of a market-weighted bond index with a short-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Bloomberg Barclays U.S. 1-5 Year Government/Credit Float Adjusted Index. This index includes all medium and larger issues of U.S. government, investment-grade corporate, and investment-grade international dollar-denominated bonds that have maturities between 1 and 5 years and are publicly issued. All of its investments will be selected through the sampling process, and at least 80% of its assets will be invested in bonds held in the index.

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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

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