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

Updated: September 18, 2020
67
Bull Case
  • 3-year return above the benchmark
  • 5-year return above the benchmark
  • 10-year return above the benchmark
  • No sales load or distribution fees
Bear Case
  • Low net assets
  • High expense ratio

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

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

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

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

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

The Fund seeks maximum total return, consisting of capital appreciation and current income by investing at least 65% of its total assets in income producing equity securities. Equity securities include common stocks, preferred stocks, and securities (including debt securities) that are convertible into common-stock.

2. What are ANCMX top holdings?

ANCMX has 5 stock holdings and 1 bond holdings.

The top 10 holdings represent 16.70% of total assets. Here are the top holdings:

Name Symbol % Assets
Microchip Technology Incorporated 1.62% N/A 2.20%
Splunk Inc 1.12% N/A 1.86%
Broadcom Inc 8% PRF CONVERT 30/09/2022 USD 1000 Ser A AVGOP 1.85%
DexCom Inc 0.25% N/A 1.66%
Bank of America Corp 7 1/4 % Non-Cum Perp Conv Pfd Shs Series -L- BACPL 1.62%
NextEra Energy Inc Unit NEEPP 1.59%
Danaher Corp PRF CONVERT 15/04/2022 USD - Ser A DHRPA 1.57%
Ringcentral Inc 0.01% N/A 1.49%
Insulet Corporation 0.38% N/A 1.45%
EXACT SCIENCES CORPORATION 0.38% N/A 1.41%

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

ANCMX has generated the following returns:

  • 1-month return is 2.25%;
  • 3-month return is 16.19%;
  • 1-year return is 33.90%;
  • 3-year return is 19.39%;
  • 5-year return is 14.57%;
  • 10-year return is 12.74%.

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

In the last 10 years, ANCMX had 8 up years and 2 down years. See Performances

5. What is ANCMX dividend yield?

ANCMX yield is 2.15%.

6. What is ANCMX minimum initial investment amount?

ANCMX minimum initial investment amount is N/A.

7. What is ANCMX expense ratio?

ANCMX expense ratio is 0.74%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses. See Expenses

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

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

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

  • 1-year ax cost ratio is 1.57%;
  • 3-year ax cost ratio is 4.2%.

See Taxes

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

  • 3-year beta is 1.28;
  • 5-year beta is 1.25;
  • 10-year beta is 1.26;
  • 15-year beta is 1.21.

See Risks

11. What is ANCMX Sharpe ratio?

  • 3-year Sharpe ratio is 1.00;
  • 5-year Sharpe ratio is 0.80;
  • 10-year Sharpe ratio is 1.00.

See Risks

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 67. Our quantitative analysis shows 4 reasons to buy and 2 reasons to sell it, resulting in the Finny Score of 67.

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

The following are ANCMX strengths from our perspective:

  • <strong>ANCMX 3-year return</strong> is 19.39%, which is higher than the 3-year return of the benchmark index (ICE BofA All US Convertible TR USD), 15.26%.
  • <strong>ANCMX 5-year return</strong> is 14.57%, which is higher than the 5-year return of the benchmark index (ICE BofA All US Convertible TR USD), 12.9%.
  • <strong>ANCMX 10-year return</strong> is 12.74%, which is higher than the 10-year return of the benchmark index (ICE BofA All US Convertible TR USD), 11.59%.
  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

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

The following are ANCMX weaknesses from our perspective:

  • <strong>ANCMX net assets</strong> are $209.20 million. This fund is not a popular choice with retail investors.
  • <strong>ANCMX expense ratio</strong> is 0.74%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the ANCMX review, we covered ANCMX 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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