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

Updated: Today
14
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
  • 10-year return below the benchmark
  • 15-year return below the benchmark
  • High expense ratio

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

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

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

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

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

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 AYBIX top holdings?

AYBIX has 6 stock holdings and 118 bond holdings.

The top 10 holdings represent 14.97% of total assets. Here are the top holdings:

Name Symbol % Assets
Reorganized 16-10238 Holdco Pfd 0% N/A 5.01%
Community Choice Financial Issuer, LLC 9% N/A 1.86%
T-Mobile US, Inc. 7.62% N/A 1.03%
TransDigm, Inc. 6.5% N/A 1.03%
Berry Global Inc 5.62% N/A 1.02%
T-Mobile USA, Inc. 6.5% N/A 1.02%
Tenet Healthcare Corporation 6.25% N/A 1.01%
FREEPORT-MCMORAN INC 5.25% N/A 1.00%
Post Holdings Inc. 5.75% N/A 1.00%
Springleaf Finance Corporation 8.25% N/A 0.99%

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

AYBIX has generated the following returns:

  • 1-month return is 1.87%;
  • 3-month return is 1.83%;
  • 1-year return is -0.09%;
  • 3-year return is 2.23%;
  • 5-year return is 4.28%;
  • 10-year return is 4.96%;
  • 15-year return is 6.20%.

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

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

AYBIX up and down years

5. What is AYBIX dividend yield?

AYBIX yield is 5.82%.

6. What is AYBIX minimum initial investment amount?

AYBIX minimum initial investment amount is $25.00K.

7. What is AYBIX expense ratio?

AYBIX expense ratio is 0.79%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

AYBIX expenses

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

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

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

  • 1-year ax cost ratio is 2.32%;
  • 3-year ax cost ratio is 2.28%.
AYBIX tax costs

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

  • 3-year beta is 0.47;
  • 5-year beta is 0.38;
  • 10-year beta is 0.30;
  • 15-year beta is 0.59.
AYBIX Beta

11. What is AYBIX Sharpe ratio?

  • 3-year Sharpe ratio is -0.04;
  • 5-year Sharpe ratio is 0.22;
  • 10-year Sharpe ratio is 0.72.
AYBIX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 14. Our quantitative analysis shows 1 reason to buy and 6 reasons to sell it, resulting in the Finny Score of 14.

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

The following are AYBIX 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 AYBIX? What are AYBIX negatives?

The following are AYBIX weaknesses from our perspective:

  • <strong>AYBIX net assets</strong> are $51.90 million. This fund is not a popular choice with retail investors.
  • <strong>AYBIX 3-year return</strong> is 2.23%, which is lower than the 3-year return of the benchmark index (ICE BofA US High Yield TR USD), 4.14%.
  • <strong>AYBIX 5-year return</strong> is 4.28%, which is lower than the 5-year return of the benchmark index (ICE BofA US High Yield TR USD), 6.29%.
  • <strong>AYBIX 10-year return</strong> is 4.96%, which is lower than the 10-year return of the benchmark index (ICE BofA US High Yield TR USD), 6.18%.
  • <strong>AYBIX 15-year return</strong> is 6.2%, which is lower than the 15-year return of the benchmark index (ICE BofA US High Yield TR USD), 7.07%.
  • <strong>AYBIX expense ratio</strong> is 0.79%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the AYBIX review, we covered AYBIX 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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