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

Updated: Last Sunday
22

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

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

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

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

  1. Describe Allianz Funds Multi-Strategy Trust: AllianzGI Retirement 2050 Fund; Class A Shares (ASNAX).
  2. What are ASNAX holdings?
  3. What is ASNAX performance? What are ASNAX historical returns?
  4. How many up and down years did ASNAX have historically?
  5. What is ASNAX dividend yield?
  6. What is ASNAX minimum initial investment amount?
  7. What is ASNAX expense ratio?
  8. Does ASNAX have any sales loads or 12b-1 distribution expenses?
  9. What is ASNAX tax efficiency (tax-cost ratio)?
  10. What is ASNAX beta? How would you assess ASNAX risk?
  11. What is ASNAX Sharpe ratio?
  12. What is ASNAX Finny Score? ASNAX buy or sell?
  13. What are the pros of investing in ASNAX? What are ASNAX buy reasons?
  14. What are the cons of investing in ASNAX? What are ASNAX 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 Retirement 2050 Fund; Class A Shares (ASNAX).

The Fund seeks capital growth and preservation consistent with its asset allocation as 2050 approaches, and thereafter current income and, capital appreciation. The Fund primarily gains diversified exposure to core global equity asset classes, including emerging markets equities, and core U.S. fixed income asset classes.

2. What are ASNAX top holdings?

ASNAX has 0 stock holdings and 1 bond holdings.

The top 10 holdings represent 87.22% of total assets. Here are the top holdings:

Name Symbol % Assets
AllianzGI Global Dynamic Allocation R6 ADYFX 15.94%
AllianzGI Best Styles Glbl Mgd Vol LLLLX 13.60%
AllianzGI Best Styles US Equity R6 ALSEX 13.41%
AllianzGI Best Styles Global Eq R6 AGERX 11.65%
Allianzgi Instl Multi-Ser Tr N/A 11.30%
E-mini S&P 500 Futures Mar20 ESH0 7.28%
AllianzGI Focused Growth R6 AFGFX 3.81%
AllianzGI Mid-Cap Institutional DRMCX 3.77%
AllianzGI NFJ Mid-Cap Value R6 ANPRX 3.47%
MSCI EAFE Index Future Mar 20 MFSH0 2.99%

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

ASNAX has generated the following returns:

  • 1-month return is 5.80%;
  • 3-month return is -12.67%;
  • 1-year return is -1.15%;
  • 3-year return is 3.12%;
  • 5-year return is 3.98%;
  • 10-year return is 6.05%.

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

In the last 10 years, ASNAX had 7 up years and 3 down years.

5. What is ASNAX dividend yield?

ASNAX yield is 1.45%.

6. What is ASNAX minimum initial investment amount?

ASNAX minimum initial investment amount is $1.00K.

7. What is ASNAX expense ratio?

ASNAX expense ratio is 0.95%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

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

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

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

  • 1-year ax cost ratio is 2.04%;
  • 3-year ax cost ratio is 2.24%.

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

  • 3-year beta is 1.56;
  • 5-year beta is 1.52;
  • 10-year beta is 1.49.

11. What is ASNAX Sharpe ratio?

  • 3-year Sharpe ratio is -0.06;
  • 5-year Sharpe ratio is 0.12;
  • 10-year Sharpe ratio is 0.38.

Analysis

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

ASNAX Finny Score is 22. Our quantitative analysis shows 2 reasons to buy ASNAX and 7 reasons to sell it, resulting in the Finny Score of 22.

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

The following are ASNAX strengths from our perspective:

  • ASNAX 3-year return is 3.12%, which is in line with the 3-year return of the benchmark index (Morningstar Lifetime Allocation Moderate 2050 TR USD), 3.22%.
  • ASNAX 5-year return is 3.98%, which is higher than the 5-year return of the benchmark index (Morningstar Lifetime Allocation Moderate 2050 TR USD), 3.85%.

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

The following are ASNAX weaknesses from our perspective:

  • ASNAX net assets are $2.80 million. This fund is not a popular choice with retail investors.
  • ASNAX 10-year return is 6.05%, which is lower than the 10-year return of the benchmark index (Morningstar Lifetime Allocation Moderate 2050 TR USD), 8.12%.
  • 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.
  • ASNAX expense ratio is 0.95%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • ASNAX 3-year Beta is 1.56, 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.
  • ASNAX 5-year Beta is 1.52, 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.
  • ASNAX 10-year Beta is 1.49, 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.
In the ASNAX review, we covered ASNAX 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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