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

Updated: September 28, 2020
57
Bull Case
  • 5-year return above the benchmark
  • 10-year return above the benchmark
  • 15-year return above the benchmark
  • No sales load or distribution fees
Bear Case
  • Low net assets
  • 3-year return below the benchmark
  • High expense ratio

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 17.67% of total assets. Here are the top holdings:

Name Symbol % Assets
Sempra Energy SRE 2.51%
Eversource Energy ES 2.03%
Atmos Energy Corp ATO 1.87%
M&T Bank Corp MTB 1.77%
Hill-Rom Holdings Inc HRC 1.75%
American Water Works Co Inc AWK 1.74%
WEC Energy Group Inc WEC 1.70%
Cincinnati Financial Corp CINF 1.45%
American Financial Group Inc AFG 1.43%
Intercontinental Exchange Inc ICE 1.42%

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

PRNIX has generated the following returns:

  • 1-month return is -3.00%;
  • 3-month return is 4.16%;
  • 1-year return is -7.20%;
  • 3-year return is 0.35%;
  • 5-year return is 7.29%;
  • 10-year return is 9.67%;
  • 15-year return is 7.10%.

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.

PRNIX up and 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.

PRNIX 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%.
PRNIX tax costs

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

  • 3-year beta is 1.14;
  • 5-year beta is 1.12;
  • 10-year beta is 1.09.
PRNIX Beta

11. What is PRNIX Sharpe ratio?

  • 3-year Sharpe ratio is 0.02;
  • 5-year Sharpe ratio is 0.32;
  • 10-year Sharpe ratio is 0.68.
PRNIX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 57. Our quantitative analysis shows 4 reasons to buy and 3 reasons to sell it, resulting in the Finny Score of 57.

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

The following are PRNIX strengths from our perspective:

  • <strong>PRNIX 5-year return</strong> is 7.29%, which is higher than the 5-year return of the benchmark index (Russell Mid Cap Value TR USD), 5.48%.
  • <strong>PRNIX 10-year return</strong> is 9.67%, which is higher than the 10-year return of the benchmark index (Russell Mid Cap Value TR USD), 9.65%.
  • <strong>PRNIX 15-year return</strong> is 7.1%, which is in line with the 15-year return of the benchmark index (Russell Mid Cap Value TR USD), 7.15%.
  • 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:

  • <strong>PRNIX net assets</strong> are $445.70 million. This fund is not a popular choice with retail investors.
  • <strong>PRNIX 3-year return</strong> is 0.35%, which is lower than the 3-year return of the benchmark index (Russell Mid Cap Value TR USD), 0.75%.
  • <strong>PRNIX expense ratio</strong> is 0.64%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
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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