Investment Test Drive

ESABX Wells Fargo Adjustable Rate Govt B

4 lower fee alternatives found

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Fund ESABX Wells Fargo Adjustable Rate Govt B TSYYX Touchstone Ultra Short Dur F/I Y MWUSX Metropolitan West Ultra Short Bond M  
Similarity
?
100% 85% 88%
Annual Fees
?
$151.72
(1.49% Exp. Ratio)
$44.80
(0.44% Exp. Ratio)
$51.93
(0.51% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 1.82% annual return
$10,960.68 $15,065.19 $14,750.64
Est. savings over 30 yrs +$4,104.51 +$3,789.96
Return
As of 10/31/16
1 YR RETURN -0.62%
3 YR -0.39%
5 YR -0.11%
10 YR 1.02%
1 YR RETURN 1.60%
3 YR 1.10%
5 YR 1.21%
10 YR 1.86%
1 YR RETURN 0.83%
3 YR 0.55%
5 YR 1.65%
10 YR 1.04%
Description
The investment seeks current income consistent with capital preservation. The fund normally invests at least 80% of its net assets in mortgage-backed and asset-backed securities issued or guaranteed by U.S. government agencies or government-sponsored entities, which have interest rates that reset at periodic intervals; and up to 20% of the fund's total assets in obligations that pay fixed interest rates. It invests principally in mortgage-backed securities (including collateralized mortgage obligations (CMOs)) and asset-backed securities issued or guaranteed by U.S. government agencies or government-sponsored entities.
The investment seeks maximum total return consistent with the preservation of capital. The fund invests, under normal market conditions, at least 80% of its assets in fixed income securities. The fund invests in a diversified portfolio of securities of different maturities including U.S. Treasury securities, U.S. government agency securities, securities of U.S. government-sponsored enterprises, corporate bonds (including those of foreign issuers), mortgage-backed securities, commercial mortgage-backed securities, asset-backed securities, municipal bonds and cash equivalent securities including repurchase agreements and commercial paper.
The investment seeks to maximize current income, consistent with preservation of capital. The fund pursues its objective by investing at least 90% of its net assets in investment grade fixed income securities or unrated securities that are determined by the Adviser to be of similar quality. Up to 10% of the fund's net assets may be invested in securities rated below investment grade. It also invests at least 80% of its net assets plus borrowings for investment purposes in fixed income securities it regards as bonds. Under normal conditions, the portfolio duration is up to one year and the dollar-weighted average maturity normally exceeds one year.

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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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