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

Updated: Last Wednesday
N/A
Bull Case
  • No Bull case arguments for now!
Bear Case
  • Low net assets
  • 3-year return below the benchmark
  • 5-year return below the benchmark
  • 10-year return below the benchmark
  • 15-year return below the benchmark
  • High expense ratio
  • Sales load and/or distribution fees

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

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

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

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

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

The Fund seeks long-term capital appreciation and current income. It achieves its investment objective by normally investing approximately 60% of its assets in Underlying Stock Funds and 40% of its assets in Underlying Bond Funds.

2. What are PALAX top holdings?

PALAX has 0 stock holdings and 161 bond holdings.

The top 10 holdings represent 81.41% of total assets. Here are the top holdings:

Name Symbol % Assets
AllianzGI Global Sustainability Instl ASTNX 33.90%
Us 10yr Note (Cbt)sep20 Xcbt 20200921 N/A 9.38%
AllianzGI Best Styles Glbl Mgd Vol LLLLX 7.75%
AllianzGI PerformanceFee Mgd Fts Strt R6 APMRX 7.59%
AllianzGI Green Bond Institutional ABGTX 7.24%
Us 2yr Note (Cbt) Sep20 Xcbt 20200930 N/A 4.66%
E-mini S&P 500 Futures June20 ESM0.DE 4.35%
AllianzGI Emerging Markets SRI Debt Ins AGMIX 4.34%
Future on MSCI EAFE Jun20 N/A 1.44%
MSCI USA Index Future June 20 FMUSM0 0.76%

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

PALAX has generated the following returns:

  • 1-month return is 1.19%;
  • 3-month return is 2.40%;
  • 1-year return is 9.03%;
  • 3-year return is 4.92%;
  • 5-year return is 5.92%;
  • 10-year return is 5.45%;
  • 15-year return is 5.40%.

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

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

PALAX up and down years

5. What is PALAX dividend yield?

PALAX yield is 1.16%.

6. What is PALAX minimum initial investment amount?

PALAX minimum initial investment amount is $1.00K.

7. What is PALAX expense ratio?

PALAX expense ratio is 1.01%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

PALAX expenses

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

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

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

  • 1-year ax cost ratio is 2.54%;
  • 3-year ax cost ratio is 2.49%.
PALAX tax costs

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

  • 3-year beta is 1.04;
  • 5-year beta is 1.01;
  • 10-year beta is 1.06.
PALAX Beta

11. What is PALAX Sharpe ratio?

  • 3-year Sharpe ratio is 0.32;
  • 5-year Sharpe ratio is 0.39;
  • 10-year Sharpe ratio is 0.64.
PALAX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 0. Our quantitative analysis shows 0 reasons to buy and 7 reasons to sell it, resulting in the Finny Score of 0.

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

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

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

The following are PALAX weaknesses from our perspective:

  • <strong>PALAX net assets</strong> are $46.50 million. This fund is not a popular choice with retail investors.
  • <strong>PALAX 3-year return</strong> is 4.92%, which is lower than the 3-year return of the benchmark index (MSCI ACWI NR USD), 7.12%.
  • <strong>PALAX 5-year return</strong> is 5.92%, which is lower than the 5-year return of the benchmark index (MSCI ACWI NR USD), 8.93%.
  • <strong>PALAX 10-year return</strong> is 5.45%, which is lower than the 10-year return of the benchmark index (MSCI ACWI NR USD), 8.3%.
  • <strong>PALAX 15-year return</strong> is 5.4%, which is lower than the 15-year return of the benchmark index (MSCI ACWI NR USD), 6.82%.
  • <strong>PALAX expense ratio</strong> is 1.01%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • 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.
In the PALAX review, we covered PALAX 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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