Finny logo
Finny logo
Dibs:
Dibs:
0

7-day free trial: Get unlimited comparisons, and stock, ETF and mutual fund analyses for just $14.95 a month, without ads. Start a free trial. Go ad free!

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

Updated: September 27, 2020
20
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
  • High expense ratio

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

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

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

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

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

The Fund seeks to generate attractive risk-adjusted absolute returns through a complete market cycle. The fund seeks to achieve its investment objective by investing significantly in exchange-traded listed and FLEX US equity index options, while holding cash and cash equivalents as collateral for option investments.

2. What are AZIIX top holdings?

AZIIX has 0 stock holdings and 0 bond holdings.

The top 4 holdings represent 0.72% of total assets. Here are the top holdings:

Name Symbol % Assets
Option on CBOE Volatility Aug20 N/A 0.27%
S&P 500 Put Jun20 N/A 0.22%
Option on S&P 500 Jun20 N/A 0.12%
Option on S&P 500 Aug20 N/A 0.11%

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

AZIIX has generated the following returns:

  • 1-month return is -0.57%;
  • 3-month return is 2.77%;
  • 1-year return is -33.14%;
  • 3-year return is -10.68%;
  • 5-year return is -4.67%.

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

In the last 10 years, AZIIX had 9 up years and 1 down year.

AZIIX up and down years

5. What is AZIIX dividend yield?

AZIIX yield is 2.02%.

6. What is AZIIX minimum initial investment amount?

AZIIX minimum initial investment amount is $25.00K.

7. What is AZIIX expense ratio?

AZIIX expense ratio is 0.78%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

AZIIX expenses

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

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

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

  • 1-year ax cost ratio is 1.85%;
  • 3-year ax cost ratio is 1.51%.
AZIIX tax costs

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

  • 3-year beta is 0.64;
  • 5-year beta is 0.54.
AZIIX Beta

11. What is AZIIX Sharpe ratio?

  • 3-year Sharpe ratio is -0.65;
  • 5-year Sharpe ratio is -0.39.
AZIIX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 20. Our quantitative analysis shows 1 reason to buy and 4 reasons to sell it, resulting in the Finny Score of 20.

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

The following are AZIIX 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 AZIIX? What are AZIIX negatives?

The following are AZIIX weaknesses from our perspective:

  • <strong>AZIIX net assets</strong> are $365.20 million. This fund is not a popular choice with retail investors.
  • <strong>AZIIX 3-year return</strong> is -10.68%, which is lower than the 3-year return of the benchmark index (ICE BofA US 3-Month Treasury Bill TR USD), 1.7%.
  • <strong>AZIIX 5-year return</strong> is -4.67%, which is lower than the 5-year return of the benchmark index (ICE BofA US 3-Month Treasury Bill TR USD), 1.2%.
  • <strong>AZIIX expense ratio</strong> is 0.78%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the AZIIX review, we covered AZIIX 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.
Follow Us