Investment Test Drive

AFBIX Access Flex Bear High Yield Inv

2 lower fee alternatives found

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  YOU ASKED ABOUT FEATURED ALTERNATIVE ? ALTERNATIVE
Fund AFBIX Access Flex Bear High Yield Inv SJB ProShares Short High Yield RYIHX Rydex Inverse High Yield Strategy H  
Similarity
?
100% 90% 96%
Annual Fees
?
$178.80
(1.78% Exp. Ratio)
$95.43
(0.95% Exp. Ratio)
$152.68
(1.52% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 0.45% annual return
$6,671.90 $8,587.88 $7,222.59
Est. savings over 30 yrs +$1,915.98 +$550.69
Return
As of 10/31/16
1 YR RETURN -10.73%
3 YR -8.59%
5 YR -11.74%
10 YR -11.06%
1 YR RETURN -8.39%
3 YR -5.44%
5 YR -7.94%
10 YR --
1 YR RETURN -7.60%
3 YR -7.65%
5 YR -10.25%
10 YR --
Description
The investment seeks to provide investment results that correspond generally to the inverse of the total return of the high yield market consistent with maintaining reasonable liquidity. The fund invests primarily in derivatives and money market instruments that the adviser believes, in combination, should provide investment results that inversely correspond to the high yield market. It seeks to maintain inverse exposure to the high yield market regardless of market conditions and without taking defensive positions in cash or other instruments in anticipation of periods favorable for the high yield market. The fund is non-diversified.
The investment seeks daily investment results that correspond to the inverse (-1x) of the daily performance of the Markit iBoxx $ Liquid High Yield Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as the inverse (-1x) of the daily return of the index. The index is a modified market-value weighted index designed to provide a balanced representation of U.S. dollar-denominated high yield corporate bonds for sale within the United States by means of including the most liquid high yield corporate bonds available as determined by the index provider. The fund is non-diversified.
The investment seeks to provide investment results that inversely correlate, before fees and expenses, to the performance of the high yield bond market. Under normal circumstances, the fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in financial instruments that in combination should provide inverse exposure to the U.S. and Canadian high yield bond markets. It will primarily invest in credit default swaps, swaps on ETFs, and bond futures to gain inverse exposure to the high yield bond market. 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.

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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".

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