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

Updated: September 27, 2020
20
Bull Case
  • No sales load or distribution fees
Bear Case
  • Low net assets
  • 3-year return below the benchmark
  • 5-year return below the benchmark
  • High expense ratio

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

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

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

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

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

The Fund seeks a high level of current income. The Fund invests at least 80% of its net assets in debt securities issued by public and private companies, which are rated below investment grade while maintaining an average duration of less than three years and in derivatives and other synthetic instruments.

2. What are ASHIX top holdings?

ASHIX has 0 stock holdings and 111 bond holdings.

The top 10 holdings represent 35.80% of total assets. Here are the top holdings:

Name Symbol % Assets
CVR Energy Inc 5.25% N/A 4.03%
Connect Finco SARL/Connect US Finco LLC 6.75% N/A 4.01%
AMC Networks Inc 5% N/A 3.69%
Targa Resources Partners LP/Targa Resources Finance Corporation 5.25% N/A 3.67%
ASURION LLC SECOND LIEN N/A 3.59%
Alliance Data Systems Corporation 4.75% N/A 3.54%
Apx Group, Inc. 2020 Term Loan N/A 3.42%
PBF Holding Company LLC and PBF Finance Corp. 7.25% N/A 3.42%
Realogy Group LLC/Realogy Co-Issuer Corp 5.25% N/A 3.29%
Las Vegas Sands Corp 3.2% N/A 3.14%

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

ASHIX has generated the following returns:

  • 1-month return is 0.05%;
  • 3-month return is 1.76%;
  • 1-year return is 0.99%;
  • 3-year return is 2.48%;
  • 5-year return is 3.71%.

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

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

ASHIX up and down years

5. What is ASHIX dividend yield?

ASHIX yield is 4.84%.

6. What is ASHIX minimum initial investment amount?

ASHIX minimum initial investment amount is $25.00K.

7. What is ASHIX expense ratio?

ASHIX expense ratio is 0.6%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

ASHIX expenses

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

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

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

  • 1-year ax cost ratio is 2.04%;
  • 3-year ax cost ratio is 2.09%.
ASHIX tax costs

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

  • 3-year beta is 0.45;
  • 5-year beta is 0.36.
ASHIX Beta

11. What is ASHIX Sharpe ratio?

  • 3-year Sharpe ratio is 0.04;
  • 5-year Sharpe ratio is 0.30.
ASHIX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

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

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

The following are ASHIX 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 ASHIX? What are ASHIX negatives?

The following are ASHIX weaknesses from our perspective:

  • <strong>ASHIX net assets</strong> are $414.10 million. This fund is not a popular choice with retail investors.
  • <strong>ASHIX 3-year return</strong> is 2.48%, which is lower than the 3-year return of the benchmark index (ICE BofA 1-3 Year BB US Cash Pay High Yield TR USD), 3.88%.
  • <strong>ASHIX 5-year return</strong> is 3.71%, which is lower than the 5-year return of the benchmark index (ICE BofA 1-3 Year BB US Cash Pay High Yield TR USD), 4.47%.
  • <strong>ASHIX expense ratio</strong> is 0.6%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the ASHIX review, we covered ASHIX 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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