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15 important things you should know about Allianz Global Investors ABSGX mutual fund

Updated: September 27, 2020
N/A
Bull Case
  • No Bull case arguments for now!
Bear Case
  • Low net assets
  • 3-year return below the benchmark
  • 5-year return below the benchmark
  • High expense ratio
  • Sales load and/or distribution fees

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

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

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

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

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

The Fund seeks long-term capital appreciation. The Fund normally invests at least 80% of its net assets in equity securities and equity-related instruments. The Fund normally invests at least 40% of its assets in non-US securities, including emerging market securities. The Fund may invest in issuers of any market size.

2. What are ABSGX top holdings?

ABSGX has 544 stock holdings and 0 bond holdings.

The top 10 holdings represent 15.24% of total assets. Here are the top holdings:

Name Symbol % Assets
Microsoft Corp MSFT 3.09%
Apple Inc AAPL 3.05%
Amazon.com Inc AMZN 2.26%
Alphabet Inc A GOOGL 1.23%
Alphabet Inc Class C GOOG 1.23%
Intel Corp INTC 0.93%
Procter & Gamble Co PG 0.87%
Roche Holding AG Dividend Right Cert. ROG 0.87%
AbbVie Inc ABBV 0.86%
Alibaba Group Holding Ltd ADR BABA 0.85%

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

ABSGX has generated the following returns:

  • 1-month return is -2.34%;
  • 3-month return is 5.56%;
  • 1-year return is 4.46%;
  • 3-year return is 2.50%;
  • 5-year return is 6.17%.

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

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

ABSGX up and down years

5. What is ABSGX dividend yield?

ABSGX yield is 4.8%.

6. What is ABSGX minimum initial investment amount?

ABSGX minimum initial investment amount is $1.00K.

7. What is ABSGX expense ratio?

ABSGX expense ratio is 1.4%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

ABSGX expenses

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

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

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

  • 1-year ax cost ratio is 4.32%;
  • 3-year ax cost ratio is 3.77%.
ABSGX tax costs

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

  • 3-year beta is 1.04;
  • 5-year beta is 0.96.
ABSGX Beta

11. What is ABSGX Sharpe ratio?

  • 3-year Sharpe ratio is 0.12;
  • 5-year Sharpe ratio is 0.23.
ABSGX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 0. Our quantitative analysis shows 0 reasons to buy and 5 reasons to sell it, resulting in the Finny Score of 0.

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

We don't see any strong reasons to buy ABSGX.

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

The following are ABSGX weaknesses from our perspective:

  • <strong>ABSGX net assets</strong> are $0.10 million. This fund is not a popular choice with retail investors.
  • <strong>ABSGX 3-year return</strong> is 2.5%, which is lower than the 3-year return of the benchmark index (MSCI ACWI NR USD), 6.71%.
  • <strong>ABSGX 5-year return</strong> is 6.17%, which is lower than the 5-year return of the benchmark index (MSCI ACWI NR USD), 9.37%.
  • <strong>ABSGX expense ratio</strong> is 1.4%, 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 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.
In the ABSGX review, we covered ABSGX 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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