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

Updated: June 28, 2020
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Before we start: if you’re looking for ANZAX “stock” price, you can quickly find it out by visiting Finny and typing "ANZAX quote". If you’re looking for a quick scoop on ANZAX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "ANZAX". You’ll get all this info in one place.

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

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

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

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

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 ANZAX top holdings?

ANZAX has 5 stock holdings and 1 bond holdings.

The top 10 holdings represent 18.19% of total assets. Here are the top holdings:

Name Symbol % Assets
Microchip Technology Incorporated 1.62% N/A 2.73%
Bank of America Corp 7 1/4 % Non-Cum Perp Conv Pfd Shs Series -L- BACPL 1.98%
Splunk Inc 1.12% N/A 1.92%
Broadcom Inc 8% PRF CONVERT 30/09/2022 USD 1000 Ser A AVGOP 1.82%
Tesla Inc 1.25% N/A 1.76%
Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L- WFCPL 1.71%
DexCom Inc 0.75% N/A 1.65%
Crown Castle International Corp Cum Conv Pfd Registered Shs Series -A- CCIPA 1.57%
Akamai Technologies, Inc. 0.12% N/A 1.54%
Insulet Corporation 0.38% N/A 1.51%

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

ANZAX has generated the following returns:

  • 1-month return is 10.77%;
  • 3-month return is -3.38%;
  • 1-year return is 13.99%;
  • 3-year return is 13.03%;
  • 5-year return is 8.45%;
  • 10-year return is 10.23%.

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

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

5. What is ANZAX dividend yield?

ANZAX yield is 1.56%.

6. What is ANZAX minimum initial investment amount?

ANZAX minimum initial investment amount is N/A.

7. What is ANZAX expense ratio?

ANZAX expense ratio is 0.96%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

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

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

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

  • 1-year ax cost ratio is 1.35%;
  • 3-year ax cost ratio is 3.89%.

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

  • 3-year beta is 1.13;
  • 5-year beta is 1.13;
  • 10-year beta is 1.21;
  • 15-year beta is 1.18.

11. What is ANZAX Sharpe ratio?

  • 3-year Sharpe ratio is 0.56;
  • 5-year Sharpe ratio is 0.46;
  • 10-year Sharpe ratio is 0.75.

Analysis

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

ANZAX Finny Score is 30. Our quantitative analysis shows 3 reasons to buy ANZAX and 7 reasons to sell it, resulting in the Finny Score of 30.

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

The following are ANZAX strengths from our perspective:

  • ANZAX 3-year return is 13.03%, which is higher than the 3-year return of the benchmark index (ICE BofA All US Convertible TR USD), 9.38%.
  • ANZAX 5-year return is 8.45%, which is higher than the 5-year return of the benchmark index (ICE BofA All US Convertible TR USD), 7.27%.
  • ANZAX 10-year return is 10.23%, which is higher than the 10-year return of the benchmark index (ICE BofA All US Convertible TR USD), 9.44%.

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

The following are ANZAX weaknesses from our perspective:

  • ANZAX net assets are $86.10 million. This fund is not a popular choice with retail investors.
  • 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.
  • ANZAX expense ratio is 0.96%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • ANZAX 3-year Beta is 1.13, which is higher than the index (Morningstar Mod Tgt Risk TR USD) 3-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 3 years.
  • ANZAX 5-year Beta is 1.13, which is higher than the index (Morningstar Mod Tgt Risk TR USD) 5-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 5 years.
  • ANZAX 10-year Beta is 1.21, which is higher than the index (Morningstar Mod Tgt Risk TR USD) 10-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 10 years.
  • ANZAX 15-year Beta is 1.18, which is higher than the index (Morningstar Mod Tgt Risk TR USD) 15-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 15 years.
In the ANZAX review, we covered ANZAX 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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