Investment Test Drive

SECYX SEI Ultra Short Duration Bond Y (SDIT)

3 lower fee alternatives found

FeeX scanned the market for similar funds with lower fees and better past returns
Show results with
Investing
$
  YOU ASKED ABOUT FEATURED ALTERNATIVE ? ALTERNATIVE
Fund SECYX SEI Ultra Short Duration Bond Y (SDIT) FLTR VanEck Vectors Investment Grd Fl Rt ETF MINT PIMCO Enhanced Short Maturity Active ETF  
Similarity
?
100% 85% 86%
Annual Fees
?
$44.84
(0.44% Exp. Ratio)
$14.27
(0.14% Exp. Ratio)
$35.66
(0.35% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 1.90% annual return
$15,406.65 $16,861.98 $15,829.99
Est. savings over 30 yrs +$1,455.32 +$423.34
Return
As of 11/30/16
1 YR RETURN 1.26%
3 YR 0.80%
5 YR 1.16%
10 YR 1.27%
1 YR RETURN 1.79%
3 YR 0.81%
5 YR 2.17%
10 YR --
1 YR RETURN 1.84%
3 YR 0.97%
5 YR 1.24%
10 YR --
Description
The investment seeks higher current income than that typically offered by a money market fund while maintaining a high degree of liquidity and a correspondingly higher risk of principal volatility. The fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in investment grade U.S. dollar-denominated debt instruments. The advisor will primarily use futures contracts for hedging purposes to manage the fund's exposure to interest rate risk.
The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVISä US Investment Grade Floating Rate Index (the "Floating Rate Index"). The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index is comprised of U.S. dollar-denominated floating rate notes issued by corporate entities or similar commercial entities that are public reporting companies in the United States and rated investment grade. The fund is non-diversified.
The investment seeks maximum current income, consistent with preservation of capital and daily liquidity. The fund invests at least 80% of its net assets in a diversified portfolio of Fixed Income Instruments of varying maturities, which may be represented by forwards. "Fixed Income Instruments" include bonds, debt securities and other similar instruments issued by various U.S. and non-U.S. public- or private-sector entities. The average portfolio duration of this fund will vary based on PIMCO's forecast for interest rates and will normally not exceed one year.

Join FeeX to view all alternatives, get more data and filtering options, and be able to automatically scan all your investments for lower fee replacements.

It's free!

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.

+

Your Feedback has been sent successfully!