TETON Convertible Securities AAA (WESRX) struggles with performance and high fees, making it a less appealing option for investors right now
WESRX has been around since 1997 and is managed by TETON, based in Rye, NY. The fund has over $3.30 million in assets, but its returns are pretty lackluster. For instance, its 5-year annualized return is just 5.12%, placing it in the bottom third of its peers. If you look at the 3-year return, it’s even worse at -1.1%.
When you consider the fund’s volatility, it has a standard deviation of 14.66% over the past three years, which is higher than the category average. This means it’s more volatile than many of its competitors.
On the risk side, WESRX has a beta of 0.72, suggesting it’s less volatile than the market. However, its negative alpha of -6.02 indicates that the fund managers are struggling to pick winning securities.
Cost-wise, WESRX has an expense ratio of 1.15%, which is higher than the category average of 0.99%. While there’s no minimum for subsequent investments, the initial investment is $1,000.
In summary, with its low rank, poor performance, and higher fees, TETON Convertible Securities AAA (WESRX) doesn’t seem like a great pick for investors right now. If you want to dive deeper into mutual funds, check out Zacks.com for more tools and insights.
