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

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

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

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

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

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

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe Allianz Funds: AllianzGI NFJ Mid-Cap Value Fund; Institutional Class Shares (PRNIX).

The Fund seeks long-term growth of capital and current income by investing at least 65% of its assets in common stocks of companies with below-average valuations whose business fundamentals are expected to improve.

2. What are PRNIX top holdings?

PRNIX has 135 stock holdings and 0 bond holdings.

The top 10 holdings represent 14.24% of total assets. Here are the top holdings:

Name Symbol % Assets
Public Service Enterprise Group Inc PEG 2.01%
EMCOR Group Inc EME 1.50%
NiSource Inc NI 1.50%
DTE Energy Co DTE 1.48%
Tractor Supply Co TSCO 1.40%
Douglas Emmett Inc DEI 1.32%
Sempra Energy SRE 1.30%
Cincinnati Financial Corp CINF 1.28%
IQVIA Holdings Inc IQV 1.24%
Primerica Inc PRI 1.21%

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

PRNIX has generated the following returns:

  • 1-month return is -0.23%;
  • 3-month return is -22.36%;
  • 1-year return is -11.87%;
  • 3-year return is -0.88%;
  • 5-year return is 3.82%;
  • 10-year return is 8.99%;
  • 15-year return is 6.53%.

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

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

5. What is PRNIX dividend yield?

PRNIX yield is 1.36%.

6. What is PRNIX minimum initial investment amount?

PRNIX minimum initial investment amount is $25.00K.

7. What is PRNIX expense ratio?

PRNIX expense ratio is 0.64%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

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

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

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

  • 1-year ax cost ratio is 2.23%;
  • 3-year ax cost ratio is 1.73%.

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

  • 3-year beta is 1.20;
  • 5-year beta is 1.15;
  • 10-year beta is 1.09.

11. What is PRNIX Sharpe ratio?

  • 3-year Sharpe ratio is -0.11;
  • 5-year Sharpe ratio is 0.14;
  • 10-year Sharpe ratio is 0.53.

Analysis

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

PRNIX Finny Score is 56. Our quantitative analysis shows 5 reasons to buy PRNIX and 4 reasons to sell it, resulting in the Finny Score of 56.

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

The following are PRNIX strengths from our perspective:

  • PRNIX 3-year return is -0.88%, which is higher than the 3-year return of the benchmark index (Russell Mid Cap Value TR USD), -2.41%.
  • PRNIX 5-year return is 3.82%, which is higher than the 5-year return of the benchmark index (Russell Mid Cap Value TR USD), 1.46%.
  • PRNIX 10-year return is 8.99%, which is higher than the 10-year return of the benchmark index (Russell Mid Cap Value TR USD), 8.23%.
  • PRNIX 15-year return is 6.53%, which is in line with the 15-year return of the benchmark index (Russell Mid Cap Value TR USD), 6.85%.
  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

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

The following are PRNIX weaknesses from our perspective:

  • PRNIX net assets are $445.70 million. This fund is not a popular choice with retail investors.
  • PRNIX expense ratio is 0.64%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • PRNIX 3-year Beta is 1.2, which is higher than the index (S&P 500 TR USD) 3-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 3 years.
  • PRNIX 5-year Beta is 1.15, which is higher than the index (S&P 500 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 PRNIX review, we covered PRNIX 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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