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

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

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

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

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

  1. Describe Allianz Funds Multi-Strategy Trust: AllianzGI Retirement 2045 Fund; Administrative Class Shares (GBMAX).
  2. What are GBMAX holdings?
  3. What is GBMAX performance? What are GBMAX historical returns?
  4. How many up and down years did GBMAX have historically?
  5. What is GBMAX dividend yield?
  6. What is GBMAX minimum initial investment amount?
  7. What is GBMAX expense ratio?
  8. Does GBMAX have any sales loads or 12b-1 distribution expenses?
  9. What is GBMAX tax efficiency (tax-cost ratio)?
  10. What is GBMAX beta? How would you assess GBMAX risk?
  11. What is GBMAX Sharpe ratio?
  12. What is GBMAX Finny Score? GBMAX buy or sell?
  13. What are the pros of investing in GBMAX? What are GBMAX buy reasons?
  14. What are the cons of investing in GBMAX? What are GBMAX 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 Retirement 2045 Fund; Administrative Class Shares (GBMAX).

The Fund seeks capital growth and preservation consistent with its asset allocation as 2045 approaches, and thereafter current income and, secondarily, capital appreciation. The Fund invests without limit in US and global equities, commodities, real estate, high yield securities, corporate and emerging market bonds.

2. What are GBMAX top holdings?

GBMAX has 0 stock holdings and 1 bond holdings.

The top 10 holdings represent 90.40% of total assets. Here are the top holdings:

Name Symbol % Assets
AllianzGI Global Dynamic Allocation R6 ADYFX 23.64%
AllianzGI Best Styles US Equity R6 ALSEX 13.24%
AllianzGI Best Styles Glbl Mgd Vol LLLLX 12.80%
Allianzgi Instl Multi-Ser Tr N/A 10.91%
AllianzGI Best Styles Global Eq R6 AGERX 10.02%
E-mini S&P 500 Futures Mar20 ESH0 6.18%
AllianzGI Mid-Cap Institutional DRMCX 3.58%
AllianzGI Focused Growth R6 AFGFX 3.52%
MSCI EAFE Index Future Mar 20 MFSH0 3.26%
AllianzGI NFJ Mid-Cap Value R6 ANPRX 3.25%

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

GBMAX has generated the following returns:

  • 1-month return is 5.59%;
  • 3-month return is -12.13%;
  • 1-year return is -0.88%;
  • 3-year return is 3.28%;
  • 5-year return is 4.16%.

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

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

5. What is GBMAX dividend yield?

GBMAX yield is 2.56%.

6. What is GBMAX minimum initial investment amount?

GBMAX minimum initial investment amount is $5.00K.

7. What is GBMAX expense ratio?

GBMAX expense ratio is 0.9%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

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

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

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

  • 1-year ax cost ratio is 3.05%;
  • 3-year ax cost ratio is 2.52%.

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

  • 3-year beta is 1.51;
  • 5-year beta is 1.47.

11. What is GBMAX Sharpe ratio?

  • 3-year Sharpe ratio is -0.04;
  • 5-year Sharpe ratio is 0.13.

Analysis

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

GBMAX Finny Score is 29. Our quantitative analysis shows 2 reasons to buy GBMAX and 5 reasons to sell it, resulting in the Finny Score of 29.

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

The following are GBMAX strengths from our perspective:

  • GBMAX 3-year return is 3.28%, which is in line with the 3-year return of the benchmark index (Morningstar Lifetime Allocation Moderate 2045 TR USD), 3.33%.
  • GBMAX 5-year return is 4.16%, which is higher than the 5-year return of the benchmark index (Morningstar Lifetime Allocation Moderate 2045 TR USD), 3.99%.

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

The following are GBMAX weaknesses from our perspective:

  • GBMAX net assets are $0.40 million. This fund is not a popular choice with retail investors.
  • 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.
  • GBMAX expense ratio is 0.9%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • GBMAX 3-year Beta is 1.51, 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.
  • GBMAX 5-year Beta is 1.47, 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.
In the GBMAX review, we covered GBMAX 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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