GFIN vs MTNIX Fund Comparison

A comparison between GFIN and MTNIX based on their expense ratio, growth, holdings and how well they match their benchmark performance.

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Minafi's Take on GFIN vs MTNIX

Here's an in depth look at the differences between Goldman Sachs Finance Reimagined ETF($GFIN) and Manning & Napier Target 2020 Series Class I($MTNIX).

To start off, here's a look at the basics of each fund. Keep an eye on the FI Score. That's a custom score from 0 to 100 that we generate based on how good this fund is for the casual investor. Most investors only need a handful of total funds in their portfolio. The higher the score, the more likely this is one of those few. Score alone isn't enough! Keep reading on to see how different (or perhaps similar) these two funds are.

  • gfin
  • ETF
  • Sector Equity
  • Financial Services

Goldman Sachs Finance Reimagined ETF

Expenses: 0.50% (Better than 1% of similar funds)

This is a bad choice for a Financial Services Sector Equity fund. See why »

  • mtnix
  • Mutual Fund
  • Allocation
  • Target-Date

Manning & Napier Target 2020 Series Class I

Expenses: 0.20% (Better than 1% of similar funds)

This is an OK choice for a Target-Date Allocation fund. See why »

$GFIN is classified as an ETF while $MTNIX is classified as a Mutual Fund. Even though one of these is a mutual fund and the other is an ETF, that doesn't matter too much for their holdings. Both ETFs and mutual funds are just containers to hold lots of investments inside of them.

The biggest differences between these two is where they may be offered. ETFs are more widely available from a larger number of investment apps and websites. Mutual funds, on the other hand, are generally offered by the platform they're issued by (Fidelity funds on Fidelity, Vanguard funds on Vanguard). Usually 401(k)'s will offer both ETFs and Mutual Funds. If you're investing outside of a 401(k), I'd recommend you verify the fees associated with ETF and mutual fund transactions. Some platforms charge an additional fee to purchase a mutual fund.

To learn more about the difference between these two, you can read about the difference between ETFs and Mutual Funds.

When evaluating a fund, the first things I look at are:

  • What it invests in
  • How much it charges in fees
  • How large the fund is

Let's look into these criteria one by one and see if either of these funds stands out.

Fund Holdings Comparison

Minafi's FI Score algorithm takes into account the category and market. The more niche a fund is, the lower the score. This doesn't mean it's a worse fund, but it does mean you should stop and make sure this a fund you need to diversify your portfolio.

GFINMTNIX
Market Score 1.9 /10 2.5 /10
Category Score 0.0 /10 5.0 /10
Total1.97.5

A score of 10 means this is a solid market and category that almost every investor will want to have investments in. The lower the score, the more specific the investment. These scores are based on when most investors would add these funds to their portfolio. A score of 10 means that this fund (or one like it) belongs in a three-fund portfolio. The lower the score, the farther down in your portfolio a fund would go.

Winner: $MTNIX

Fee Comparison

Fees are one of the biggest killers of portfolio growth. The difference between a 2% fee and a 0.04% fee over 30 years can result in your portfolio having half the total value!

If you're just getting started investing and learning how fees impact your portfolio, I'd encourage you to read through my free investment course (specifically '2.2 - All About Fees') where I go over all the different types of fees you can be charged and how to lower them.

For these two funds, GFIN has an expense ratio of 0.50% while MTNIX has an expense ratio of 0.20%.

Winner: $MTNIX

Fund Size Comparison

Both GFIN and MTNIX have a similar number of assets under management. GFIN has 20.3 Million in assets under management, while MTNIX has 58.2 Million.

Minafi categorizes both of these funds as small funds. Fund size is a good indication of how many other investors trust this fund. A large fund by itself doesn't mean it's a good fund, but it is one thing to consider when figuring out how to choose the right fund.

Winner: tie

Which Should You Choose? GFIN or MTNIX?

Comparing these two funds isn't an apples to apples comparison. GFIN is a Sector EquityFinancial Services fund, while MTNIX is a AllocationTarget-Date fund.

If you're aiming to build a diversified, low-fee, tax-optimized portfolio you likely won't be choosing between these two funds since they're different enough.

Running both of these funds through Minafi's FI Score algorithm, gives GFIN a score of 37 and MTNIX a score of 55.

Winner: Neither, I'd research more funds if you're looking to invest for retirement.

$GFIN

Goldman Sachs Finance Reimagined ETF

37

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Ratings
Rating TypeRating
Diversification Score0/10
Expense Ratio Score7/10
Expense Rating5/10
Market Score2/10
Category Score0/10
Overview
OverviewDetails
Fund TypeETF
Inception DateMar-1-2019
ExchangeNYSE ARCA
Expense Ratio0.500%
Net Assets20.3 Million
Yield0.83%
Holdings
DescriptionInfo
MarketSector Equity
CategoryFinancial Services
Sectors
  • Basic Materials 0.31%
  • Communication Services 4.95%
  • Consumer Cyclicals 0.18%
  • Consumer Defensive 0.00%
  • Energy 0.00%
  • Financial Services 47.73%
  • Healthcare 0.28%
  • Industrials 4.61%
  • Real Estate 2.55%
  • Technology 39.38%
  • Utilities 0.00%
Regions
  • Africa/Middle East 0.75%
  • Asia Developed 0.88%
  • Asia Emerging 3.77%
  • Europe Developed 6.04%
  • Europe Emerging 0.32%
  • Japan 4.33%
  • Latin America 1.97%
  • North America 76.77%
  • United Kingdom 5.17%

$MTNIX

Manning & Napier Target 2020 Series Class I

55

Read More
Ratings
Rating TypeRating
Expense Ratio Score8/10
Expense Rating8/10
Market Score2/10
Category Score5/10
Overview
OverviewDetails
Fund TypeMutual Fund
Inception DateMar-28-2008
ExchangeNMFQS
Expense Ratio0.200%
Net Assets58.2 Million
Yield1.51%
Holdings
DescriptionInfo
MarketAllocation
CategoryTarget-Date
Sectors
  • Basic Materials 0.31%
  • Communication Services 19.16%
  • Consumer Cyclical 14.34%
  • Consumer Defensive 12.95%
  • Energy 6.32%
  • Financial Services 14.47%
  • Healthcare 11.95%
  • Industrials 3.09%
  • Real Estate 6.70%
  • Technology 10.70%
  • Utilities 0.00%
Regions
  • Asia Developed 0.09%
  • Asia Emerging 3.10%
  • Australasia 0.09%
  • Europe Developed 12.12%
  • Japan 6.90%
  • Latin America 0.17%
  • North America 72.13%
  • United Kingdom 5.41%

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