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VRIG PowerShares Variable Rate Invmt Grd ETF

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Fund VRIG PowerShares Variable Rate Invmt Grd ETF
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Similarity
?
100%
Annual Fees
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$30.56
(0.30% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 1.88% annual return
$15,964.38
Est. savings over 30 yrs
Return
As of 12/31/16
1 YR RETURN --
3 YR --
5 YR --
10 YR --
Description
The investment seeks to generate current income while maintaining low portfolio duration as a primary objective and capital appreciation as a secondary objective. The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in a portfolio of investment-grade, variable rate or floating rate debt securities. At least 80% of its net assets (plus any borrowings for investment purposes) will be invested in Variable Rate Instruments that are, at the time of purchase, investment grade (or in ETFs that invest primarily in any or all of the foregoing securities). It 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".

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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