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

Updated: September 19, 2020
33
Bull Case
  • 3-year return above the benchmark
  • 5-year return above the benchmark
Bear Case
  • Low net assets
  • 10-year return below the benchmark
  • High expense ratio
  • Sales load and/or distribution fees

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

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

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

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

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

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 ASNRX top holdings?

ASNRX has 0 stock holdings and 1 bond holdings.

The top 10 holdings represent 85.11% of total assets. Here are the top holdings:

Name Symbol % Assets
AllianzGI Global Dynamic Allocation R6 ADYFX 15.56%
AllianzGI Best Styles US Equity R6 ALSEX 13.27%
Allianzgi Instl Multi-Ser Tr N/A 11.93%
AllianzGI Best Styles Global Eq R6 AGERX 9.90%
E-mini S&P 500 Futures June20 ESM0 9.68%
AllianzGI Best Styles Glbl Mgd Vol LLLLX 9.04%
AllianzGI Focused Growth R6 AFGFX 4.71%
AllianzGI Mid-Cap Institutional DRMCX 4.65%
AllianzGI Mid-Cap Value R6 ANPRX 3.59%
AllianzGI Small-Cap R6 ASCFX 2.78%

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

ASNRX has generated the following returns:

  • 1-month return is 5.47%;
  • 3-month return is 13.33%;
  • 1-year return is 19.43%;
  • 3-year return is 7.74%;
  • 5-year return is 9.71%;
  • 10-year return is 7.67%.

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

In the last 10 years, ASNRX had 7 up years and 3 down years. See Performances

5. What is ASNRX dividend yield?

ASNRX yield is 1.56%.

6. What is ASNRX minimum initial investment amount?

ASNRX minimum initial investment amount is N/A.

7. What is ASNRX expense ratio?

ASNRX expense ratio is 1.3%. 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 ASNRX have any sales loads or 12b-1 distribution expenses?

ASNRX 12b-1 distribution fee is 0.5. ASNRX front-end sales load is 0. ASNRX back-end sales load is 0.

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

  • 1-year ax cost ratio is 2.09%;
  • 3-year ax cost ratio is 2.1%.

See Taxes

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

  • 3-year beta is 1.57;
  • 5-year beta is 1.54;
  • 10-year beta is 1.51.

See Risks

11. What is ASNRX Sharpe ratio?

  • 3-year Sharpe ratio is 0.26;
  • 5-year Sharpe ratio is 0.37;
  • 10-year Sharpe ratio is 0.56.

See Risks

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 33. Our quantitative analysis shows 2 reasons to buy and 4 reasons to sell it, resulting in the Finny Score of 33.

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

The following are ASNRX strengths from our perspective:

  • <strong>ASNRX 3-year return</strong> is 7.74%, which is higher than the 3-year return of the benchmark index (Morningstar Lifetime Allocation Moderate 2050 TR USD), 6.73%.
  • <strong>ASNRX 5-year return</strong> is 9.71%, which is higher than the 5-year return of the benchmark index (Morningstar Lifetime Allocation Moderate 2050 TR USD), 9.29%.

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

The following are ASNRX weaknesses from our perspective:

  • <strong>ASNRX net assets</strong> are $0.30 million. This fund is not a popular choice with retail investors.
  • <strong>ASNRX 10-year return</strong> is 7.67%, which is lower than the 10-year return of the benchmark index (Morningstar Lifetime Allocation Moderate 2050 TR USD), 9.29%.
  • <strong>ASNRX expense ratio</strong> is 1.3%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • Warning: this fund has a 12b1 sales fee. The maximum 12b1 fee is 0.5%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund.
In the ASNRX review, we covered ASNRX 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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