14 important things you should know about Allianz Funds ABSCX mutual fund

Updated: June 27, 2020
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Before we start: if you’re looking for ABSCX “stock” price, you can quickly find it out by visiting Finny and typing "ABSCX quote". If you’re looking for a quick scoop on ABSCX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "ABSCX". You’ll get all this info in one place.

Are you looking to buy or sell ABSCX? Or perhaps you’re looking for ABSCX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this ABSCX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: ABSCX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: ABSCX buy or sell; the pros and cons of investing in ABSCX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to ABSCX.

And here is the list of questions we’ll answer:

  1. Describe Allianz Funds Multi-Strategy Trust: AllianzGI Retirement 2020 Fund; Class C Shares (ABSCX).
  2. What are ABSCX holdings?
  3. What is ABSCX performance? What are ABSCX historical returns?
  4. How many up and down years did ABSCX have historically?
  5. What is ABSCX dividend yield?
  6. What is ABSCX minimum initial investment amount?
  7. What is ABSCX expense ratio?
  8. Does ABSCX have any sales loads or 12b-1 distribution expenses?
  9. What is ABSCX tax efficiency (tax-cost ratio)?
  10. What is ABSCX beta? How would you assess ABSCX risk?
  11. What is ABSCX Sharpe ratio?
  12. What is ABSCX Finny Score? ABSCX buy or sell?
  13. What are the pros of investing in ABSCX? What are ABSCX buy reasons?
  14. What are the cons of investing in ABSCX? What are ABSCX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe Allianz Funds Multi-Strategy Trust: AllianzGI Retirement 2020 Fund; Class C Shares (ABSCX).

The Fund seeks capital growth and preservation consistent with its asset allocation as 2020 approaches, and thereafter current income and, capital appreciation. The Fund gains diversified exposure to core global equity asset classes, including emerging markets equities, and core U.S. fixed income asset classes.

2. What are ABSCX top holdings?

ABSCX has 0 stock holdings and 2 bond holdings.

The top 8 holdings represent 116.20% of total assets. Here are the top holdings:

Name Symbol % Assets
AllianzGI Global Dynamic Allocation R6 ADYFX 68.92%
AllianzGI Core Bond R6 AOBSX 32.37%
MSCI EAFE Index Future Mar 20 MFSH0 6.18%
E-mini Nasdaq 100 Future Mar 20 NQH0.DE 2.88%
MSCI USA Index Future Mar 20 FMUSH0 2.58%
E-mini S&P 500 Futures Mar20 ESH0 1.26%
Future on Russel 2000 (TR) Mar20 N/A 1.26%
AllianzGI Emerging Markets Sm-Cp Instl ALAIX 0.75%

3. What is ABSCX performance? What are ABSCX historical returns?

ABSCX has generated the following returns:

  • 1-month return is 2.29%;
  • 3-month return is -5.56%;
  • 1-year return is 2.79%;
  • 3-year return is 2.97%;
  • 5-year return is 3.11%;
  • 10-year return is 3.88%.

4. How many up and down years did ABSCX have historically?

In the last 10 years, ABSCX had 8 up years and 2 down years.

5. What is ABSCX dividend yield?

ABSCX yield is 4.63%.

6. What is ABSCX minimum initial investment amount?

ABSCX minimum initial investment amount is $1.00K.

7. What is ABSCX expense ratio?

ABSCX expense ratio is 1.7%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

8. Does ABSCX have any sales loads or 12b-1 distribution expenses?

ABSCX 12b-1 distribution fee is 1. ABSCX front-end sales load is 0. ABSCX back-end sales load is 1.

9. What is ABSCX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 4.11%;
  • 3-year ax cost ratio is 2.1%.

10. What is ABSCX beta? How would you assess ABSCX risk?

  • 3-year beta is 0.73;
  • 5-year beta is 0.74;
  • 10-year beta is 0.73.

11. What is ABSCX Sharpe ratio?

  • 3-year Sharpe ratio is 0.02;
  • 5-year Sharpe ratio is 0.18;
  • 10-year Sharpe ratio is 0.45.

Analysis

12. What is ABSCX Finny Score? ABSCX buy or sell?

ABSCX Finny Score is 33. Our quantitative analysis shows 3 reasons to buy ABSCX and 6 reasons to sell it, resulting in the Finny Score of 33.

13. What are the pros of investing in ABSCX? What are ABSCX buy reasons?

The following are ABSCX strengths from our perspective:

  • ABSCX 3-year Beta is 0.73, which is inversely correlated with the index (Morningstar Mod Tgt Risk TR USD). The could be good if you're trying to hedge your portfolio.
  • ABSCX 5-year Beta is 0.74, which is inversely correlated with the index (Morningstar Mod Tgt Risk TR USD). The could be good if you're trying to hedge your portfolio.
  • ABSCX 10-year Beta is 0.73, which is inversely correlated with the index (Morningstar Mod Tgt Risk TR USD). The could be good if you're trying to hedge your portfolio.

14. What are the cons of investing in ABSCX? What are ABSCX negatives?

The following are ABSCX weaknesses from our perspective:

  • ABSCX net assets are $0.50 million. This fund is not a popular choice with retail investors.
  • ABSCX 3-year return is 2.97%, which is lower than the 3-year return of the benchmark index (Morningstar Lifetime Allocation Moderate 2020 TR USD), 5.24%.
  • ABSCX 5-year return is 3.11%, which is lower than the 5-year return of the benchmark index (Morningstar Lifetime Allocation Moderate 2020 TR USD), 4.56%.
  • ABSCX 10-year return is 3.88%, which is lower than the 10-year return of the benchmark index (Morningstar Lifetime Allocation Moderate 2020 TR USD), 7.27%.
  • Warning: this fund has a 12b1 and deferred sales fee. The maximum 12b1 fee is 1%, while the maximum deferred sales load is 1%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund. Deferred sales load is a back-end sales charge and is imposed when an investor redeems shares.
  • ABSCX expense ratio is 1.7%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the ABSCX review, we covered ABSCX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
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