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

Updated: June 27, 2020
20

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

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

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

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

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

The Fund seeks long-term capital appreciation and current income. The Fund seeks to achieve its investment objective by normally investing at least 80% of its net assets (plus borrowings) in debt instruments issued by Emerging Market Sovereign, Emerging Market Quasi-Sovereign and Emerging Market Corporate issuers.

2. What are AGMIX top holdings?

AGMIX has 0 stock holdings and 53 bond holdings.

The top 10 holdings represent 31.55% of total assets. Here are the top holdings:

Name Symbol % Assets
Philippines (Republic Of) 3.95% N/A 3.62%
Mexico (United Mexican States) 4.5% N/A 3.48%
Republic of Panama 3.16% N/A 3.47%
10 Year Treasury Note Future June 20 ZNM0 3.31%
Republic of Kazakhstan 5.12% N/A 3.29%
Uruguay (Republic of) 4.38% N/A 3.23%
Republic of Colombia 3% N/A 3.11%
Emirate of Abu Dhabi 3.12% N/A 2.92%
Republic of Kazakhstan 4.88% N/A 2.63%
Indonesia (Republic of) 2.85% N/A 2.49%

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

AGMIX has generated the following returns:

  • 1-month return is 2.93%;
  • 3-month return is -8.49%;
  • 1-year return is -1.02%;
  • 3-year return is 0.48%;
  • 5-year return is 2.67%.

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

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

5. What is AGMIX dividend yield?

AGMIX yield is 4.74%.

6. What is AGMIX minimum initial investment amount?

AGMIX minimum initial investment amount is $25.00K.

7. What is AGMIX expense ratio?

AGMIX expense ratio is 0.8%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

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

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

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

  • 1-year ax cost ratio is 1.47%;
  • 3-year ax cost ratio is 2%.

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

  • 3-year beta is 0.93;
  • 5-year beta is 0.95.

11. What is AGMIX Sharpe ratio?

  • 3-year Sharpe ratio is -0.19;
  • 5-year Sharpe ratio is 0.17.

Analysis

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

AGMIX Finny Score is 20. Our quantitative analysis shows 1 reason to buy AGMIX and 4 reasons to sell it, resulting in the Finny Score of 20.

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

The following are AGMIX strengths from our perspective:

  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

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

The following are AGMIX weaknesses from our perspective:

  • AGMIX net assets are $19.50 million. This fund is not a popular choice with retail investors.
  • AGMIX 3-year return is 0.48%, which is lower than the 3-year return of the benchmark index (JPM EMBI Global Diversified TR USD), 1.26%.
  • AGMIX 5-year return is 2.67%, which is lower than the 5-year return of the benchmark index (JPM EMBI Global Diversified TR USD), 3.29%.
  • AGMIX expense ratio is 0.8%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the AGMIX review, we covered AGMIX 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.
Follow Us