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

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

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

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

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

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

The Fund seeks long-term capital appreciation. The Fund normally invests at least 80% of its net assets in securities and instruments that are tied economically to emerging markets countries and by investing at least 80% of its net assets in securities of companies in the consumer and consumer-related sectors.

2. What are AMMAX top holdings?

AMMAX has 85 stock holdings and 0 bond holdings.

The top 10 holdings represent 41.44% of total assets. Here are the top holdings:

Name Symbol % Assets
Tencent Holdings Ltd 00700 7.82%
Samsung Electronics Co Ltd 005930.KS 5.65%
Alibaba Group Holding Ltd ADR BABA 5.26%
JD.com Inc ADR JD 4.39%
NetEase Inc ADR NTES 3.78%
Ping An Insurance (Group) Co. of China Ltd Class H 02318 3.47%
Roche Holding AG Dividend Right Cert. ROG 2.96%
China Merchants Bank Co Ltd Class H 03968 2.89%
HDFC Bank Ltd ADR HDB.BO 2.70%
Shenzhen Mindray Bio-Medical Electronics Co Ltd 300760 2.52%

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

AMMAX has generated the following returns:

  • 1-month return is 4.23%;
  • 3-month return is 7.90%;
  • 1-year return is 18.63%;
  • 3-year return is 2.61%;
  • 5-year return is 6.05%.

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

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

AMMAX up and down years

5. What is AMMAX dividend yield?

AMMAX yield is 0.63%.

6. What is AMMAX minimum initial investment amount?

AMMAX minimum initial investment amount is $1.00K.

7. What is AMMAX expense ratio?

AMMAX expense ratio is 1.39%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

AMMAX expenses

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

AMMAX 12b-1 distribution fee is 0.25. AMMAX front-end sales load is 5.5. AMMAX back-end sales load is 0.

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

  • 1-year ax cost ratio is 0.28%;
  • 3-year ax cost ratio is 0.56%.
AMMAX tax costs

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

  • 3-year beta is 1.01;
  • 5-year beta is 1.00.
AMMAX Beta

11. What is AMMAX Sharpe ratio?

  • 3-year Sharpe ratio is -0.01;
  • 5-year Sharpe ratio is 0.10.
AMMAX 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 AMMAX? What are AMMAX buy reasons?

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

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

The following are AMMAX weaknesses from our perspective:

  • <strong>AMMAX net assets</strong> are $0.10 million. This fund is not a popular choice with retail investors.
  • <strong>AMMAX 3-year return</strong> is 2.61%, which is lower than the 3-year return of the benchmark index (MSCI EM NR USD), 3.04%.
  • <strong>AMMAX 5-year return</strong> is 6.05%, which is lower than the 5-year return of the benchmark index (MSCI EM NR USD), 8.03%.
  • <strong>AMMAX expense ratio</strong> is 1.39%, 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 front-end sales fee. The maximum 12b1 fee is 0.25%, while the maximum front-end sales load is 5.5%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund. Front-end sales load, also known as sales charge, is a fee paid when mutual funds shares are purchased. Those fees are subtracted from your total investable assets.
In the AMMAX review, we covered AMMAX 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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