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

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

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

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

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

  1. Describe Allianz Funds Multi-Strategy Trust: AllianzGI Retirement 2040 Fund; Class C Shares (AVSCX).
  2. What are AVSCX holdings?
  3. What is AVSCX performance? What are AVSCX historical returns?
  4. How many up and down years did AVSCX have historically?
  5. What is AVSCX dividend yield?
  6. What is AVSCX minimum initial investment amount?
  7. What is AVSCX expense ratio?
  8. Does AVSCX have any sales loads or 12b-1 distribution expenses?
  9. What is AVSCX tax efficiency (tax-cost ratio)?
  10. What is AVSCX beta? How would you assess AVSCX risk?
  11. What is AVSCX Sharpe ratio?
  12. What is AVSCX Finny Score? AVSCX buy or sell?
  13. What are the pros of investing in AVSCX? What are AVSCX buy reasons?
  14. What are the cons of investing in AVSCX? What are AVSCX 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 2040 Fund; Class C Shares (AVSCX).

The Fund seeks capital growth and preservation consistent with its asset allocation as 2040 approaches, and thereafter current income and, capital appreciation. It invests in global equity and fixed income securities including emerging market equities, junk bonds, convertible bonds and emerging market debt.

2. What are AVSCX top holdings?

AVSCX has 0 stock holdings and 1 bond holdings.

The top 10 holdings represent 90.52% of total assets. Here are the top holdings:

Name Symbol % Assets
AllianzGI Global Dynamic Allocation R6 ADYFX 35.66%
AllianzGI Best Styles US Equity R6 ALSEX 12.43%
AllianzGI Best Styles Glbl Mgd Vol LLLLX 10.24%
Allianzgi Instl Multi-Ser Tr N/A 8.72%
AllianzGI Best Styles Global Eq R6 AGERX 6.80%
E-mini S&P 500 Futures Mar20 ESH0 4.96%
MSCI EAFE Index Future Mar 20 MFSH0 3.05%
AllianzGI Mid-Cap Institutional DRMCX 3.00%
AllianzGI Focused Growth R6 AFGFX 2.95%
AllianzGI NFJ Mid-Cap Value R6 ANPRX 2.71%

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

AVSCX has generated the following returns:

  • 1-month return is 5.19%;
  • 3-month return is -11.36%;
  • 1-year return is -0.92%;
  • 3-year return is 2.68%;
  • 5-year return is 3.42%;
  • 10-year return is 5.04%.

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

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

5. What is AVSCX dividend yield?

AVSCX yield is 2.76%.

6. What is AVSCX minimum initial investment amount?

AVSCX minimum initial investment amount is $1.00K.

7. What is AVSCX expense ratio?

AVSCX expense ratio is 1.7%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

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

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

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

  • 1-year ax cost ratio is 3.11%;
  • 3-year ax cost ratio is 2.25%.

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

  • 3-year beta is 1.43;
  • 5-year beta is 1.38;
  • 10-year beta is 1.37.

11. What is AVSCX Sharpe ratio?

  • 3-year Sharpe ratio is -0.09;
  • 5-year Sharpe ratio is 0.08;
  • 10-year Sharpe ratio is 0.32.

Analysis

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

AVSCX Finny Score is 0. Our quantitative analysis shows 0 reasons to buy AVSCX and 9 reasons to sell it, resulting in the Finny Score of 0.

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

We don't see any strong reasons to buy AVSCX.

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

The following are AVSCX weaknesses from our perspective:

  • AVSCX net assets are $0.20 million. This fund is not a popular choice with retail investors.
  • AVSCX 3-year return is 2.68%, which is lower than the 3-year return of the benchmark index (Morningstar Lifetime Allocation Moderate 2040 TR USD), 3.87%.
  • AVSCX 5-year return is 3.42%, which is lower than the 5-year return of the benchmark index (Morningstar Lifetime Allocation Moderate 2040 TR USD), 4.25%.
  • AVSCX 10-year return is 5.04%, which is lower than the 10-year return of the benchmark index (Morningstar Lifetime Allocation Moderate 2040 TR USD), 8.38%.
  • Warning: this fund has a 12b1 and deferred sales fee. The maximum 12b1 fee is 1%, while the maximum deferred sales load is 1%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund. Deferred sales load is a back-end sales charge and is imposed when an investor redeems shares.
  • AVSCX expense ratio is 1.7%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • AVSCX 3-year Beta is 1.43, 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.
  • AVSCX 5-year Beta is 1.38, 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.
  • AVSCX 10-year Beta is 1.37, 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 AVSCX review, we covered AVSCX 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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