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

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

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

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

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

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

The Fund seeks a high level of current income and capital growth. The Fund seeks to invests at least 80% of its net assets (plus borrowings made for investment purposes) in high yield securities; which are fixed income securities rated below investment grade or unrated and determined to be of similar quality.

2. What are AYBCX top holdings?

AYBCX has 6 stock holdings and 148 bond holdings.

The top 10 holdings represent 15.75% of total assets. Here are the top holdings:

Name Symbol % Assets
Reorganized 16-10238 Holdco Pfd 0% N/A 5.27%
Community Choice Financial Issuer, LLC 9% N/A 1.83%
AVANTOR INC 9% N/A 1.21%
CCF Holdings LLC 10.75% N/A 1.20%
Tenet Healthcare Corporation 6.25% N/A 1.06%
CenturyLink, Inc. 5.12% N/A 1.05%
Netflix, Inc. 5.38% N/A 1.05%
TransDigm, Inc. 5.5% N/A 1.05%
Intelsat Jackson Holdings, Ltd. 5.5% N/A 1.02%
T-Mobile USA, Inc. 6.5% N/A 1.01%

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

AYBCX has generated the following returns:

  • 1-month return is 0.39%;
  • 3-month return is -10.06%;
  • 1-year return is -4.60%;
  • 3-year return is -0.64%;
  • 5-year return is 0.81%;
  • 10-year return is 3.95%.

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

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

5. What is AYBCX dividend yield?

AYBCX yield is 4.21%.

6. What is AYBCX minimum initial investment amount?

AYBCX minimum initial investment amount is $1.00K.

7. What is AYBCX expense ratio?

AYBCX expense ratio is 1.71%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

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

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

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

  • 1-year ax cost ratio is 1.78%;
  • 3-year ax cost ratio is 1.81%.

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

  • 3-year beta is 0.35;
  • 5-year beta is 0.29;
  • 10-year beta is 0.28;
  • 15-year beta is 0.54.

11. What is AYBCX Sharpe ratio?

  • 3-year Sharpe ratio is -0.34;
  • 5-year Sharpe ratio is -0.06;
  • 10-year Sharpe ratio is 0.48.

Analysis

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

AYBCX Finny Score is 40. Our quantitative analysis shows 4 reasons to buy AYBCX and 6 reasons to sell it, resulting in the Finny Score of 40.

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

The following are AYBCX strengths from our perspective:

  • AYBCX 3-year Beta is 0.35, which is inversely correlated with the index (BBgBarc US Agg Bond TR USD). The could be good if you're trying to hedge your portfolio.
  • AYBCX 5-year Beta is 0.29, which is inversely correlated with the index (BBgBarc US Agg Bond TR USD). The could be good if you're trying to hedge your portfolio.
  • AYBCX 10-year Beta is 0.28, which is inversely correlated with the index (BBgBarc US Agg Bond TR USD). The could be good if you're trying to hedge your portfolio.
  • AYBCX 15-year Beta is 0.54, which is inversely correlated with the index (BBgBarc US Agg Bond TR USD). The could be good if you're trying to hedge your portfolio.

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

The following are AYBCX weaknesses from our perspective:

  • AYBCX net assets are $4.50 million. This fund is not a popular choice with retail investors.
  • AYBCX 3-year return is -0.64%, which is lower than the 3-year return of the benchmark index (ICE BofA US High Yield TR USD), 1.7%.
  • AYBCX 5-year return is 0.81%, which is lower than the 5-year return of the benchmark index (ICE BofA US High Yield TR USD), 3.31%.
  • AYBCX 10-year return is 3.95%, which is lower than the 10-year return of the benchmark index (ICE BofA US High Yield TR USD), 6%.
  • 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.
  • AYBCX expense ratio is 1.71%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the AYBCX review, we covered AYBCX 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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