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

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

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

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

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

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

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 PALCX top holdings?

PALCX has 0 stock holdings and 117 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 PALCX performance? What are PALCX historical returns?

PALCX has generated the following returns:

  • 1-month return is -1.04%;
  • 3-month return is 4.88%;
  • 1-year return is 8.05%;
  • 3-year return is 4.25%;
  • 5-year return is 5.54%;
  • 10-year return is 5.05%;
  • 15-year return is 4.48%.

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

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

PALCX up and down years

5. What is PALCX dividend yield?

PALCX yield is 0.62%.

6. What is PALCX minimum initial investment amount?

PALCX minimum initial investment amount is $1.00K.

7. What is PALCX expense ratio?

PALCX expense ratio is 1.75%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

PALCX expenses

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

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

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

  • 1-year ax cost ratio is 2.14%;
  • 3-year ax cost ratio is 2%.
PALCX tax costs

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

  • 3-year beta is 1.04;
  • 5-year beta is 1.01;
  • 10-year beta is 1.07.
PALCX Beta

11. What is PALCX Sharpe ratio?

  • 3-year Sharpe ratio is 0.25;
  • 5-year Sharpe ratio is 0.31;
  • 10-year Sharpe ratio is 0.56.
PALCX 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 PALCX? What are PALCX buy reasons?

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

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

The following are PALCX weaknesses from our perspective:

  • <strong>PALCX net assets</strong> are $6.20 million. This fund is not a popular choice with retail investors.
  • <strong>PALCX 3-year return</strong> is 4.25%, which is lower than the 3-year return of the benchmark index (MSCI ACWI NR USD), 6.71%.
  • <strong>PALCX 5-year return</strong> is 5.54%, which is lower than the 5-year return of the benchmark index (MSCI ACWI NR USD), 9.37%.
  • <strong>PALCX 10-year return</strong> is 5.05%, which is lower than the 10-year return of the benchmark index (MSCI ACWI NR USD), 8.53%.
  • <strong>PALCX 15-year return</strong> is 4.48%, which is lower than the 15-year return of the benchmark index (MSCI ACWI NR USD), 6.46%.
  • <strong>PALCX expense ratio</strong> is 1.75%, 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 deferred sales fee. The maximum 12b1 fee is 1%, while the maximum deferred sales load is 1%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund. Deferred sales load is a back-end sales charge and is imposed when an investor redeems shares.
In the PALCX review, we covered PALCX 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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