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

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

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

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

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

  1. Describe Allianz Funds Multi-Strategy Trust: AllianzGI Retirement 2055 Fund; Administrative Class Shares (GLRAX).
  2. What are GLRAX holdings?
  3. What is GLRAX performance? What are GLRAX historical returns?
  4. How many up and down years did GLRAX have historically?
  5. What is GLRAX dividend yield?
  6. What is GLRAX minimum initial investment amount?
  7. What is GLRAX expense ratio?
  8. Does GLRAX have any sales loads or 12b-1 distribution expenses?
  9. What is GLRAX tax efficiency (tax-cost ratio)?
  10. What is GLRAX beta? How would you assess GLRAX risk?
  11. What is GLRAX Sharpe ratio?
  12. What is GLRAX Finny Score? GLRAX buy or sell?
  13. What are the pros of investing in GLRAX? What are GLRAX buy reasons?
  14. What are the cons of investing in GLRAX? What are GLRAX 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 2055 Fund; Administrative Class Shares (GLRAX).

The Fund seeks capital growth and preservation consistent with its asset allocation as 2055 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 GLRAX top holdings?

GLRAX has 0 stock holdings and 1 bond holdings.

The top 10 holdings represent 85.60% of total assets. Here are the top holdings:

Name Symbol % Assets
AllianzGI Global Dynamic Allocation R6 ADYFX 15.57%
AllianzGI Best Styles Glbl Mgd Vol LLLLX 13.31%
AllianzGI Best Styles US Equity R6 ALSEX 12.71%
Allianzgi Instl Multi-Ser Tr N/A 11.23%
AllianzGI Best Styles Global Eq R6 AGERX 11.19%
E-mini S&P 500 Futures Mar20 ESH0 8.13%
AllianzGI Mid-Cap Institutional DRMCX 3.65%
AllianzGI Focused Growth R6 AFGFX 3.64%
AllianzGI NFJ Mid-Cap Value R6 ANPRX 3.31%
MSCI EAFE Index Future Mar 20 MFSH0 2.86%

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

GLRAX has generated the following returns:

  • 1-month return is 5.70%;
  • 3-month return is -13.11%;
  • 1-year return is -1.56%;
  • 3-year return is 3.06%;
  • 5-year return is 3.89%.

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

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

5. What is GLRAX dividend yield?

GLRAX yield is 1.7%.

6. What is GLRAX minimum initial investment amount?

GLRAX minimum initial investment amount is $5.00K.

7. What is GLRAX expense ratio?

GLRAX 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 GLRAX have any sales loads or 12b-1 distribution expenses?

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

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

  • 1-year ax cost ratio is 1.64%;
  • 3-year ax cost ratio is 1.97%.

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

  • 3-year beta is 1.57;
  • 5-year beta is 1.52.

11. What is GLRAX Sharpe ratio?

  • 3-year Sharpe ratio is -0.06;
  • 5-year Sharpe ratio is 0.11.

Analysis

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

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

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

The following are GLRAX strengths from our perspective:

  • GLRAX 3-year return is 3.06%, which is higher than the 3-year return of the benchmark index (Morningstar Lifetime Allocation Moderate 2055 TR USD), 2.97%.
  • GLRAX 5-year return is 3.89%, which is higher than the 5-year return of the benchmark index (Morningstar Lifetime Allocation Moderate 2055 TR USD), 3.72%.

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

The following are GLRAX weaknesses from our perspective:

  • GLRAX net assets are $0.20 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.
  • GLRAX expense ratio is 0.9%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • GLRAX 3-year Beta is 1.57, 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.
  • GLRAX 5-year Beta is 1.52, 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 GLRAX review, we covered GLRAX 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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