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

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

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

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

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

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

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe Allianz Funds: AllianzGI Income & Growth Fund; Class A Shares (AZNAX).

The Fund seeks total return comprised of current income, current gains and capital appreciation. The Fund will invest in a combination of common stocks and other equity securities, debt securities and convertible securities. The allocation of the Fund's investments across these asset classes will vary.

2. What are AZNAX top holdings?

AZNAX has 118 stock holdings and 215 bond holdings.

The top 10 holdings represent 10.41% of total assets. Here are the top holdings:

Name Symbol % Assets
Microsoft Corp MSFT 1.33%
Apple Inc AAPL 1.28%
Alphabet Inc A GOOGL 1.17%
Amazon.com Inc AMZN 1.17%
Facebook Inc A FB 1.03%
Visa Inc Class A V 0.99%
NVIDIA Corp NVDA 0.92%
Microchip Technology Incorporated 1.62% N/A 0.87%
Netflix Inc NFLX 0.83%
Tesla Inc 1.25% N/A 0.82%

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

AZNAX has generated the following returns:

  • 1-month return is 6.23%;
  • 3-month return is -8.14%;
  • 1-year return is 2.03%;
  • 3-year return is 5.39%;
  • 5-year return is 5.08%;
  • 10-year return is 7.53%.

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

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

5. What is AZNAX dividend yield?

AZNAX yield is 1.98%.

6. What is AZNAX minimum initial investment amount?

AZNAX minimum initial investment amount is $1.00K.

7. What is AZNAX expense ratio?

AZNAX expense ratio is 1.28%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

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

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

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

  • 1-year ax cost ratio is 3.13%;
  • 3-year ax cost ratio is 3.26%.

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

  • 3-year beta is 1.18;
  • 5-year beta is 1.16;
  • 10-year beta is 1.17.

11. What is AZNAX Sharpe ratio?

  • 3-year Sharpe ratio is 0.10;
  • 5-year Sharpe ratio is 0.25;
  • 10-year Sharpe ratio is 0.60.

Analysis

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

AZNAX Finny Score is 0. Our quantitative analysis shows 0 reasons to buy AZNAX and 8 reasons to sell it, resulting in the Finny Score of 0.

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

We don't see any strong reasons to buy AZNAX.

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

The following are AZNAX weaknesses from our perspective:

  • AZNAX 3-year return is 5.39%, which is lower than the 3-year return of the benchmark index (S&P 500 TR USD), 9.1%.
  • AZNAX 5-year return is 5.08%, which is lower than the 5-year return of the benchmark index (S&P 500 TR USD), 9.05%.
  • AZNAX 10-year return is 7.53%, which is lower than the 10-year return of the benchmark index (S&P 500 TR USD), 12.06%.
  • 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.
  • AZNAX expense ratio is 1.28%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • AZNAX 3-year Beta is 1.18, which is higher than the index (Morningstar Mod Tgt Risk TR USD) 3-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 3 years.
  • AZNAX 5-year Beta is 1.16, which is higher than the index (Morningstar Mod Tgt Risk TR USD) 5-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 5 years.
  • AZNAX 10-year Beta is 1.17, which is higher than the index (Morningstar Mod Tgt Risk TR USD) 10-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 10 years.
In the AZNAX review, we covered AZNAX 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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