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15 important things you should know about DRMAX mutual fund

Updated: September 27, 2020
57
Bull Case
  • 3-year return above the benchmark
  • 5-year return above the benchmark
  • 10-year return above the benchmark
  • 15-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 DRMAX “stock” price, you can quickly find it out by visiting Finny and typing "DRMAX quote". If you’re looking for a quick scoop on DRMAX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "DRMAX". You’ll get all this info in one place.

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

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

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

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

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

Fact Sheet

1. Describe Allianz Funds: AllianzGI Mid-Cap Fund; Administrative Class Shares (DRMAX).

The Fund seeks long-term capital appreciation. The Fund invests at least 80% of its net assets in common stocks and other equity securities of medium-sized companies those included in the Russell Midcap Growth Index.

2. What are DRMAX top holdings?

DRMAX has 61 stock holdings and 0 bond holdings.

The top 10 holdings represent 25.71% of total assets. Here are the top holdings:

Name Symbol % Assets
DexCom Inc DXCM 3.11%
EPAM Systems Inc EPAM 2.83%
Splunk Inc SPLK 2.82%
Zynga Inc Class A ZNGA 2.70%
Fidelity National Information Services Inc FIS 2.65%
Lululemon Athletica Inc LULU 2.61%
Chipotle Mexican Grill Inc Class A CMG 2.44%
Take-Two Interactive Software Inc TTWO 2.32%
Catalent Inc CTLT 2.16%
Tradeweb Markets Inc TW 2.07%

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

DRMAX has generated the following returns:

  • 1-month return is -1.35%;
  • 3-month return is 11.35%;
  • 1-year return is 32.85%;
  • 3-year return is 18.60%;
  • 5-year return is 15.93%;
  • 10-year return is 13.80%;
  • 15-year return is 10.49%.

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

In the last 10 years, DRMAX had 8 up years and 2 down years.

DRMAX up and down years

5. What is DRMAX dividend yield?

DRMAX yield is 0%.

6. What is DRMAX minimum initial investment amount?

DRMAX minimum initial investment amount is $5.00K.

7. What is DRMAX expense ratio?

DRMAX expense ratio is 1.04%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

DRMAX expenses

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

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

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

  • 1-year ax cost ratio is 1.01%;
  • 3-year ax cost ratio is 2.47%.
DRMAX tax costs

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

  • 3-year beta is 1.15;
  • 5-year beta is 1.15;
  • 10-year beta is 1.17.
DRMAX Beta

11. What is DRMAX Sharpe ratio?

  • 3-year Sharpe ratio is 0.73;
  • 5-year Sharpe ratio is 0.69;
  • 10-year Sharpe ratio is 0.82.
DRMAX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 57. Our quantitative analysis shows 4 reasons to buy and 3 reasons to sell it, resulting in the Finny Score of 57.

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

The following are DRMAX strengths from our perspective:

  • <strong>DRMAX 3-year return</strong> is 18.6%, which is higher than the 3-year return of the benchmark index (Russell Mid Cap Growth TR USD), 15.31%.
  • <strong>DRMAX 5-year return</strong> is 15.93%, which is higher than the 5-year return of the benchmark index (Russell Mid Cap Growth TR USD), 13.71%.
  • <strong>DRMAX 10-year return</strong> is 13.8%, which is in line with the 10-year return of the benchmark index (Russell Mid Cap Growth TR USD), 14.44%.
  • <strong>DRMAX 15-year return</strong> is 10.49%, which is higher than the 15-year return of the benchmark index (Russell Mid Cap Growth TR USD), 10.29%.

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

The following are DRMAX weaknesses from our perspective:

  • <strong>DRMAX net assets</strong> are $1.70 million. This fund is not a popular choice with retail investors.
  • <strong>DRMAX expense ratio</strong> is 1.04%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • Warning: this fund has a 12b1 sales fee. The maximum 12b1 fee is 0.25%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund.
In the DRMAX review, we covered DRMAX 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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