ANZAX vs MCNVX

Both ANZAX and MCNVX are mutual funds. ANZAX has a higher 5-year return than MCNVX (13.53% vs 10.9%). ANZAX has a higher expense ratio than MCNVX (0.95% vs 0.61%). Below is the comparison between ANZAX and MCNVX.

ANZAX MCNVX
Security Type Mutual fund Mutual fund
Segment U.S. Balanced: Convertibles U.S. Balanced: Convertibles
Family Virtus New York Life Investment Management LLC
Net Assets $311.90M $912.30M
Expense Ratio 0.95% 0.61%
Management Style active active
Dividend Yield 0.42% 1.68%
Minimum Investment N/A $5,000,000.00
YTD Return -18.07% -11.58%
1-Year Return -9.48% -5.55%
3-Year Return 14.63% 12.95%
5-Year Return 13.53% 10.90%
10-Year Return 11.78% 11.06%

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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MCNVX

MCNVX description

The Fund seeks capital appreciation together with current income. The Fund invests at least 80% of its assets in convertible securities like bonds, debentures, corporate notes, preferred stocks or other securities that are convertible to common stock or the cash value of a stock or a basket or index of equity securities.

MCNVX performance & returns

YTD Return -11.58%
1-Month Return -8.53%
3-Month Return -5.55%
1-Year Return -5.55%
3-Year Return 12.95%
5-Year Return 10.90%
10-Year Return 11.06%
MCNVX expense ratio is 0.61%.

MCNVX holdings

Top 10 Holdings (26.84% of Total Assets)

Name Symbol % Assets
Danaher Corporation 0.01% N/A 4.41%
Nice Systems Ltd 1.25% N/A 3.35%
Mainstay Fds Tr N/A 2.90%
Tesla Inc 1.25% N/A 2.89%
Anthem Inc 2.75% N/A 2.76%
Southwest Airlines Co. 1.25% N/A 2.26%
Lumentum Holdings Incorporation 0.25% N/A 2.26%
Chart Industries Inc 1% N/A 2.17%
DexCom Inc 0.25% N/A 1.94%
Biomarin Pharmaceutical Inc. 0.6% N/A 1.90%

MCNVX pros

The following are MCNVX strengths from our perspective:

  • MCNVX 3-year return is 12.95%, which is higher than the 3-year return of the benchmark index (ICE BofA All US Convertible TR USD), 12.81%.
  • MCNVX 5-year return is 10.9%, which is in line with the 5-year return of the benchmark index (ICE BofA All US Convertible TR USD), 11.14%.
  • MCNVX 10-year return is 11.06%, which is in line with the 10-year return of the benchmark index (ICE BofA All US Convertible TR USD), 11.37%.
  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

MCNVX cons

The following are MCNVX weaknesses from our perspective:

  • MCNVX net assets are $912.30 million. This fund is not a popular choice with retail investors.
  • MCNVX expense ratio is 0.61%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?

Other relevant MCNVX comparisons

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