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15 important things you should know about Virtus AZMAX mutual fund

Updated: February 08, 2021
40
Bull Case
  • 3-year return above the benchmark
  • 5-year return above the benchmark
Bear Case
  • Low net assets
  • High expense ratio
  • Sales load and/or distribution fees

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

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

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

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

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

The Fund seeks long-term capital appreciation. The Fund seeks invests at least 80% of its net assets in equity securities of companies that are domiciled in or tied economically to countries with emerging securities markets. The Fund uses a value investing style focusing on equity securities of companies.

2. What are AZMAX top holdings?

AZMAX has 133 stock holdings and 0 bond holdings.

The top 10 holdings represent 33.64% of total assets. Here are the top holdings:

Name Symbol % Assets
Alibaba Group Holding Ltd Ordinary Shares 09988 9.69%
Tencent Holdings Ltd 00700 7.29%
Samsung Electronics Co Ltd 005930.KS 3.93%
Teradyne Inc TER 2.65%
China Merchants Bank Co Ltd Class H 03968 2.64%
NCsoft Corp 036570.KS 2.00%
Reliance Industries Ltd RELIANCE.B 1.67%
B3 SA - Brasil Bolsa Balcao B3SA3.SA 1.32%
East Money Information Co Ltd 300059 1.25%
Samsung Electronics Co Ltd Participating Preferred 005935.KS 1.20%

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

AZMAX has generated the following returns:

  • 1-month return is 11.47%;
  • 3-month return is 18.78%;
  • 1-year return is 18.78%;
  • 3-year return is 6.78%;
  • 5-year return is 17.52%.

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

In the last 10 years, AZMAX had 6 up years and 3 down years.

AZMAX up and down years

5. What is AZMAX dividend yield?

AZMAX yield is 1.15%.

6. What is AZMAX minimum initial investment amount?

AZMAX minimum initial investment amount is $1.00K.

7. What is AZMAX expense ratio?

AZMAX expense ratio is 1.14%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

AZMAX expenses

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

AZMAX 12b-1 distribution fee is 0.25. AZMAX front-end sales load is 5.5. AZMAX back-end sales load is 0.

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

  • 1-year ax cost ratio is 0.53%;
  • 3-year ax cost ratio is 0.61%.
AZMAX tax costs

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

  • 3-year beta is 1.06;
  • 5-year beta is 1.07.
AZMAX Beta

11. What is AZMAX Sharpe ratio?

  • 3-year Sharpe ratio is 0.17;
  • 5-year Sharpe ratio is 0.54.
AZMAX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 40. Our quantitative analysis shows 2 reasons to buy and 3 reasons to sell it, resulting in the Finny Score of 40.

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

The following are AZMAX strengths from our perspective:

  • AZMAX 3-year return is 6.78%, which is higher than the 3-year return of the benchmark index (MSCI EM NR USD), 6.49%.
  • AZMAX 5-year return is 17.52%, which is higher than the 5-year return of the benchmark index (MSCI EM NR USD), 17.1%.

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

The following are AZMAX weaknesses from our perspective:

  • AZMAX net assets are $17.40 million. This fund is not a popular choice with retail investors.
  • AZMAX expense ratio is 1.14%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • Warning: this fund has a 12b1 and front-end sales fee. The maximum 12b1 fee is 0.25%, while the maximum front-end sales load is 5.5%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund. Front-end sales load, also known as sales charge, is a fee paid when mutual funds shares are purchased. Those fees are subtracted from your total investable assets.
In the AZMAX review, we covered AZMAX 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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