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

Updated: December 27, 2020
40
Bull Case
  • 3-year return above the benchmark
  • No sales load or distribution fees
Bear Case
  • 5-year return below the benchmark
  • 10-year return below the benchmark
  • High expense ratio

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

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

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

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

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

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 AZNIX top holdings?

AZNIX has 95 stock holdings and 215 bond holdings.

The top 10 holdings represent 12.78% of total assets. Here are the top holdings:

Name Symbol % Assets
Apple Inc AAPL 1.83%
Microsoft Corp MSFT 1.79%
Amazon.com Inc AMZN 1.78%
Alphabet Inc A GOOGL 1.47%
Facebook Inc A FB 1.31%
Tesla Inc 1.25% N/A 0.95%
Visa Inc Class A V 0.94%
Adobe Inc ADBE 0.91%
NVIDIA Corp NVDA 0.91%
The Home Depot Inc HD 0.89%

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

AZNIX has generated the following returns:

  • 1-month return is 5.09%;
  • 3-month return is 12.46%;
  • 1-year return is 22.63%;
  • 3-year return is 12.25%;
  • 5-year return is 12.34%;
  • 10-year return is 9.27%.

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

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

AZNIX up and down years

5. What is AZNIX dividend yield?

AZNIX yield is 1.74%.

6. What is AZNIX minimum initial investment amount?

AZNIX minimum initial investment amount is $25.00K.

7. What is AZNIX expense ratio?

AZNIX expense ratio is 0.93%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

AZNIX expenses

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

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

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

  • 1-year ax cost ratio is 3.07%;
  • 3-year ax cost ratio is 3.15%.
AZNIX tax costs

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

  • 3-year beta is 1.23;
  • 5-year beta is 1.21;
  • 10-year beta is 1.19.
AZNIX Beta

11. What is AZNIX Sharpe ratio?

  • 3-year Sharpe ratio is 0.58;
  • 5-year Sharpe ratio is 0.74;
  • 10-year Sharpe ratio is 0.81.
AZNIX 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 AZNIX? What are AZNIX buy reasons?

The following are AZNIX strengths from our perspective:

  • AZNIX 3-year return is 12.25%, which is in line with the 3-year return of the benchmark index (S&P 500 TR USD), 13.47%.
  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

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

The following are AZNIX weaknesses from our perspective:

  • AZNIX 5-year return is 12.34%, which is lower than the 5-year return of the benchmark index (S&P 500 TR USD), 15.37%.
  • AZNIX 10-year return is 9.27%, which is lower than the 10-year return of the benchmark index (S&P 500 TR USD), 13.87%.
  • AZNIX expense ratio is 0.93%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the AZNIX review, we covered AZNIX 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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