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Swapping CVLOX for SGENX

I don't care about M* category. I only care Gary Black (ex Janus) is assuming increasingly important role at Calamos. I don't like that on first principles.

Both are load waived at Schwab and I have been contemplating a switch for months, but my blasted day job I still need to keep distracts me and for some reason I only remembered just now.

Appreciate opinions.

Comments

  • Not a single reply ?!?!?!?! SGENX is closing I think. Maybe I should simply sell CVLOX and reduce a fund. However I wanted some convertible exposure that CVLOX gives.

    Maybe someone can suggest balanced funds with convertible exposures?
  • What makes you think SGENX is closing?
    The overseas fund is closing, but I haven't heard anything about the global fund.
  • Hi VF,

    Looking at the risk parameters (SD, Sharpe Ratio, Sortino Ratio), I would favor SGENX-LW over CVLOX. Despite the First Eagle fund being bloated, it continues to deliver. I would also consider MBAAX and HCOAX which are both LW at Schwab.

    Kevin
  • Northern Income Equity NOIEX is roughly 70% stocks 30% convertibles with expenses at 1.0% and 4 stars from Morningstar.
  • @maxlib421: I like what I see here, ranked #18 in the moderate allocation category by U.S. News & World Report.
    Regards,
    Ted
    http://money.usnews.com/funds/mutual-funds/moderate-allocation/northern-income-equity-fund/noiex
  • hah! I thought SGENX was closing. Will take closer look again. NOIEX is just your vanilla balanced fund I think. I think I have all balanced funds I need.
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