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10 important things you should know about Virtus PALLX mutual fund

Updated: September 12, 2021
17
Bull Case
  • No sales load or distribution fees
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

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

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

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

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

  1. Describe Allianz Funds Multi-Strategy Trust: AllianzGI Global Allocation Fund; Institutional Class Shares (PALLX).
  2. What are PALLX holdings?
  3. What is PALLX performance? What are PALLX historical returns?
  4. What is PALLX dividend yield?
  5. What is PALLX minimum initial investment amount?
  6. Does PALLX have any sales loads or 12b-1 distribution expenses?
  7. What is PALLX Finny Score? PALLX buy or sell?
  8. What are the pros of investing in PALLX? What are PALLX buy reasons?
  9. What are the cons of investing in PALLX? What are PALLX 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; Institutional Class Shares (PALLX).

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 PALLX top holdings?

PALLX has 0 stock holdings and 215 bond holdings.

The top 10 holdings represent 77.43% of total assets. Here are the top holdings:

Name Symbol % Assets
AllianzGI Global Sustainability Instl ASTNX 32.44%
Us 2yr Note (Cbt) Dec20 Xcbt 20201231 N/A 8.94%
AllianzGI Best Styles Glbl Mgd Vol LLLLX 8.04%
AllianzGI PerformanceFee Mgd Fts Strt R6 APMRX 7.60%
AllianzGI Green Bond Institutional ABGTX 7.52%
Us 10yr Note (Cbt)dec20 Xcbt 20201221 N/A 4.74%
Future on S&P 500 Dec20 N/A 3.00%
Us Ultra Bond Cbt Dec20 Xcbt 20201221 N/A 1.78%
Future on MSCI EAFE Dec20 N/A 1.72%
Future on Russell 1000 Dec20 N/A 1.65%

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

PALLX has generated the following returns:

  • 1-month return is 0.65%;
  • 3-month return is 3.10%;
  • 1-year return is 3.10%;
  • 3-year return is 11.31%;
  • 5-year return is 9.68%;
  • 10-year return is 7.82%;
  • 15-year return is 6.36%.

4. What is PALLX dividend yield?

PALLX yield is 1.93%.

5. What is PALLX minimum initial investment amount?

PALLX minimum initial investment amount is $25.00K.

6. Does PALLX have any sales loads or 12b-1 distribution expenses?

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

Analysis

7. What is Finny Score? buy or sell?

Finny Score is 17. Our quantitative analysis shows 1 reason to buy and 5 reasons to sell it, resulting in the Finny Score of 17.

8. What are the pros of investing in PALLX? What are PALLX buy reasons?

The following are PALLX strengths from our perspective:

  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

9. What are the cons of investing in PALLX? What are PALLX negatives?

The following are PALLX weaknesses from our perspective:

  • PALLX net assets are $11.60 million. This fund is not a popular choice with retail investors.
  • PALLX 3-year return is 11.31%, which is lower than the 3-year return of the benchmark index (MSCI ACWI NR USD), 14.84%.
  • PALLX 5-year return is 9.68%, which is lower than the 5-year return of the benchmark index (MSCI ACWI NR USD), 14.27%.
  • PALLX 10-year return is 7.82%, which is lower than the 10-year return of the benchmark index (MSCI ACWI NR USD), 11.9%.
  • PALLX 15-year return is 6.36%, which is lower than the 15-year return of the benchmark index (MSCI ACWI NR USD), 7.63%.
In the PALLX review, we covered PALLX 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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