ANZAX vs CNSAX

Both ANZAX and CNSAX are mutual funds. ANZAX has a higher 5-year return than CNSAX (13.53% vs 10.13%). ANZAX has a higher expense ratio than CNSAX (0.95% vs 0.88%). Below is the comparison between ANZAX and CNSAX.

ANZAX CNSAX
Security Type Mutual fund Mutual fund
Segment U.S. Balanced: Convertibles U.S. Balanced: Convertibles
Family Virtus Invesco
Net Assets $311.90M $564.50M
Expense Ratio 0.95% 0.88%
Management Style active active
Dividend Yield 0.42% 0.82%
Minimum Investment N/A $1,000.00
YTD Return -18.07% -15.74%
1-Year Return -9.48% -8.40%
3-Year Return 14.63% 11.30%
5-Year Return 13.53% 10.13%
10-Year Return 11.78% 9.14%

ANZAX

ANZAX description

The Fund seeks maximum total return, consisting of capital appreciation and current income by investing at least 65% of its total assets in income producing equity securities. Equity securities include common stocks, preferred stocks, and securities (including debt securities) that are convertible into common-stock.

ANZAX performance & returns

YTD Return -18.07%
1-Month Return -10.15%
3-Month Return -9.48%
1-Year Return -9.48%
3-Year Return 14.63%
5-Year Return 13.53%
10-Year Return 11.78%
ANZAX expense ratio is 0.95%.

ANZAX holdings

Top 10 Holdings (19.90% of Total Assets)

Name Symbol % Assets
Tesla Inc 2% N/A 4.03%
Broadcom Inc Broadcom Inc 8 % Mandatory Convertible Preferred Stock Ser A AVGOP 2.21%
Danaher Corp PRF CONVERT 15/04/2022 USD - Ser A DHRPA 1.94%
Zillow Group Inc 2.75% N/A 1.85%
Splunk Inc 1.12% N/A 1.85%
Microchip Technology Incorporated 1.62% N/A 1.78%
Ringcentral Inc 0.01% N/A 1.68%
Wayfair Inc 0.62% N/A 1.54%
Teladoc Health Inc 1.25% N/A 1.53%
NextEra Energy Inc Unit NEEPP 1.49%

ANZAX pros

The following are ANZAX strengths from our perspective:

  • ANZAX 3-year return is 14.63%, which is higher than the 3-year return of the benchmark index (ICE BofA All US Convertible TR USD), 12.81%.
  • ANZAX 5-year return is 13.53%, which is higher than the 5-year return of the benchmark index (ICE BofA All US Convertible TR USD), 11.14%.
  • ANZAX 10-year return is 11.78%, which is higher than the 10-year return of the benchmark index (ICE BofA All US Convertible TR USD), 11.37%.

ANZAX cons

The following are ANZAX weaknesses from our perspective:

  • ANZAX net assets are $311.90 million. This fund is not a popular choice with retail investors.
  • ANZAX expense ratio is 0.95%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • Warning: this fund has a 12b1 and front-end sales fee. The maximum 12b1 fee is 0.25%, while the maximum front-end sales load is 5.5%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund. Front-end sales load, also known as sales charge, is a fee paid when mutual funds shares are purchased. Those fees are subtracted from your total investable assets.

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CNSAX

CNSAX description

The Fund seeks high level of total return through a combination of current income and capital appreciation. The Fund invests 80% of its net assets in convertible securities. The Fund may also invest in common stocks, non-convertible preferred stock, non-convertible fixed-income securities, and/or foreign securities.

CNSAX performance & returns

YTD Return -15.74%
1-Month Return -9.16%
3-Month Return -8.40%
1-Year Return -8.40%
3-Year Return 11.30%
5-Year Return 10.13%
10-Year Return 9.14%
CNSAX expense ratio is 0.88%.

CNSAX holdings

Top 10 Holdings (20.24% of Total Assets)

Name Symbol % Assets
Tesla Inc 2.38% N/A 3.25%
Servicenow Inc 0% N/A 2.21%
Square Inc 0.5% N/A 2.07%
Gci Liberty Inc 1.75% N/A 2.01%
Bank of America Corp 7 1/4 % Non-Cum Perp Conv Pfd Shs Series -L- BACPL 1.94%
Microchip Technology Incorporated 1.62% N/A 1.87%
Broadcom Inc 8% N/A 1.83%
Danaher Corporation 4.75% N/A 1.81%
Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L- WFCPL 1.78%
Atlassian Inc 0.62% N/A 1.47%

CNSAX pros

The following are CNSAX strengths from our perspective:

  • CNSAX 5-year return is 10.13%, which is in line with the 5-year return of the benchmark index (ICE BofA All US Convertible TR USD), 11.14%.
  • CNSAX 15-year return is 7.35%, which is in line with the 15-year return of the benchmark index (ICE BofA All US Convertible TR USD), 7.99%.

CNSAX cons

The following are CNSAX weaknesses from our perspective:

  • CNSAX net assets are $564.50 million. This fund is not a popular choice with retail investors.
  • CNSAX 3-year return is 11.3%, which is lower than the 3-year return of the benchmark index (ICE BofA All US Convertible TR USD), 12.81%.
  • CNSAX 10-year return is 9.14%, which is lower than the 10-year return of the benchmark index (ICE BofA All US Convertible TR USD), 11.37%.
  • CNSAX expense ratio is 0.88%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • Warning: this fund has a 12b1 and front-end sales fee. The maximum 12b1 fee is 0.25%, while the maximum front-end sales load is 5.5%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund. Front-end sales load, also known as sales charge, is a fee paid when mutual funds shares are purchased. Those fees are subtracted from your total investable assets.

Other relevant CNSAX comparisons

You may also want to check out the following CNSAX comparisons that investors often look for on Finny

Or use Finny's Comparison Tool to create a comparison you'd like to see.
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