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

Updated: June 28, 2020
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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 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 AYBIX performance? What are AYBIX historical returns?

AYBIX has generated the following returns:

  • 1-month return is 0.64%;
  • 3-month return is -9.84%;
  • 1-year return is -3.61%;
  • 3-year return is 0.38%;
  • 5-year return is 1.84%;
  • 10-year return is 5.04%;
  • 15-year return is 5.93%.

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.

5. What is AYBIX dividend yield?

AYBIX yield is 5.43%.

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 0.73%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other 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 2.27%;
  • 3-year ax cost ratio is 2.3%.

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

  • 3-year beta is 0.34;
  • 5-year beta is 0.29;
  • 10-year beta is 0.27;
  • 15-year beta is 0.54.

11. What is AYBIX Sharpe ratio?

  • 3-year Sharpe ratio is -0.21;
  • 5-year Sharpe ratio is 0.09;
  • 10-year Sharpe ratio is 0.64.

Analysis

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

AYBIX Finny Score is 45. Our quantitative analysis shows 5 reasons to buy AYBIX and 6 reasons to sell it, resulting in the Finny Score of 45.

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.
  • AYBIX 3-year Beta is 0.34, 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.
  • AYBIX 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.
  • AYBIX 10-year Beta is 0.27, 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.
  • AYBIX 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 AYBIX? What are AYBIX negatives?

The following are AYBIX weaknesses from our perspective:

  • AYBIX net assets are $75.90 million. This fund is not a popular choice with retail investors.
  • AYBIX 3-year return is 0.38%, which is lower than the 3-year return of the benchmark index (ICE BofA US High Yield TR USD), 1.7%.
  • AYBIX 5-year return is 1.84%, which is lower than the 5-year return of the benchmark index (ICE BofA US High Yield TR USD), 3.31%.
  • AYBIX 10-year return is 5.04%, which is lower than the 10-year return of the benchmark index (ICE BofA US High Yield TR USD), 6%.
  • AYBIX 15-year return is 5.93%, which is lower than the 15-year return of the benchmark index (ICE BofA US High Yield TR USD), 6.59%.
  • AYBIX expense ratio is 0.73%, 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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