Investment Test Drive

HWDAX Hartford World Bond A

3 lower fee alternatives found

FeeX scanned the market for similar funds with lower fees and better past returns
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Fund HWDAX Hartford World Bond A GBIUX Goldman Sachs Global Income R6 PRSNX T. Rowe Price Global Multi-Sector Bd  
Similarity
?
100% 85% 85%
Annual Fees
?
$106.99
(1.05% Exp. Ratio)
$69.29
(0.68% Exp. Ratio)
$78.46
(0.77% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 1.89% annual return
$12,791.07 $14,306.52 $13,922.67
Est. savings over 30 yrs +$1,515.46 +$1,131.60
Return
As of 10/31/16
1 YR RETURN 1.78%
3 YR 1.78%
5 YR 2.70%
10 YR --
1 YR RETURN 4.39%
3 YR 3.79%
5 YR 3.98%
10 YR 4.39%
1 YR RETURN 7.57%
3 YR 3.92%
5 YR 4.61%
10 YR --
Description
The investment seeks capital appreciation with income as a secondary goal. The fund normally invests at least 80% of its net assets in a broad range of fixed income securities, including U.S. and non-U.S. government and corporate debt, mortgage-related and other asset-backed securities, loan participations, inflation-protected securities, structured securities, variable, floating, and inverse floating rate instruments and preferred stock. It will invest at least 75% of its net assets in investment grade debt securities; however, the fund has the ability to invest up to 50% of its net assets in securities rated below investment grade. It is non-diversified.
The investment seeks a high total return, emphasizing current income, and, to a lesser extent, providing opportunities for capital appreciation. The fund normally invests at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) ("Net Assets") in a portfolio of fixed income securities of U.S. and foreign issuers. Foreign securities include securities of issuers located outside the U.S. or securities quoted or denominated in a currency other than the U.S. dollar. It also enters into transactions in foreign currencies, typically through the use of forward contracts and swap contracts. It is non-diversified.
The investment seeks high income and some capital appreciation. The fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in bonds. It may invest in a variety of holdings in an effort to enhance income and achieve some capital growth. Up to 50% of the fund's net assets can be invested in non-U.S. dollar-denominated foreign debt securities. Up to 65% of the fund's net assets can be invested in securities and other holdings that are rated noninvestment-grade (below BBB, or an equivalent rating).

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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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