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AGRAX AllianzGI Multi Asset Income A

  • Fund
  • AGRAX
  • Price as of: Feb 21, 2018
  • $17.61
  • - $0.06
  • - 0.34%
  • Category
  • Retirement Income

AGRAX - Profile

Vitals

  • YTD Return -3.6%
  • 3 Yr Annualized Return 5.1%
  • 5 Yr Annualized Return 3.9%
  • Net Assets $49.7 M
  • Holdings in Top 10 84.0%

52 WEEK LOW AND HIGH

$17.61
$17.51
$18.69

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.61%

SALES FEES

  • Front Load 5.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 151.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$1,000

Investment Themes

CATEGORY

Retirement Income
  • Fund Type Open End Mutual Fund
  • Investment Style Target-Date Retirement

Distributions

  • YTD Total Return -3.6%
  • 3 Yr Annualized Total Return 3.1%
  • 5 Yr Annualized Total Return 2.7%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 5.12%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name AllianzGI Multi Asset Income Fund
  • Fund Family Name Allianz Funds
  • Inception Date Dec 29, 2008
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Paul Pietranico

Fund Description

The fund seeks to achieve its investment objective through a combination of active allocation between asset classes and the use of both actively managed and passive strategies within those asset classes. It invests directly and indirectly in a globally diversified portfolio of equity securities, including emerging market equities, and in global fixed income securities, including high yield debt (commonly known as "junk bonds"), convertible bonds and emerging market debt.

AGRAX - Performance

Return Ranking - Trailing

Period AGRAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -3.6% -17.4% 7.5% 80.92% 5
1 Yr 8.4% -4.4% 26.5% 46.03% 3
3 Yr 5.1% * 0.5% 11.8% 27.04% 2
5 Yr 3.9% * 1.1% 12.5% 69.03% 4
10 Yr N/A * 2.1% 7.6% N/A N/A

* Annualized


Return Ranking - Calendar

Period AGRAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 2.6% -12.3% 18.5% 64.07% 4
2016 3.9% -7.9% 4.4% 7.01% 1
2015 -6.1% -26.7% 3.4% 55.41% 4
2014 -3.8% -6.5% 8.8% 78.29% 5
2013 0.4% -3.0% 24.8% 64.86% 4

Total Return Ranking - Trailing

Period AGRAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -3.6% -17.4% 7.5% 80.35% 5
1 Yr 2.4% -8.3% 26.5% 79.37% 4
3 Yr 3.1% * -0.5% 11.8% 71.07% 4
5 Yr 2.7% * 0.8% 12.5% 84.52% 5
10 Yr N/A * 2.1% 7.6% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period AGRAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 2.6% -12.3% 18.5% 68.26% 4
2016 6.6% -3.0% 6.7% 1.91% 1
2015 0.4% -5.0% 9.3% 15.29% 1
2014 2.4% -0.4% 12.3% 82.24% 5
2013 3.2% -0.3% 33.2% 75.68% 4

NAV & Total Return History

AGRAX - Holdings

Filings data as of: Dec 31, 2017

Concentration Analysis

AGRAX Category Low Category High AGRAX % Rank Quintile
Net Assets 49.7 M 1.32 M 17 B 20.53% 4
Number of Holdings 73 2 9868 3.68% 1
Net Assets in Top 10 37.6 M 843 K 17 B 20.53% 4
Weighting of Top 10 84.0% 2.0% 105.2% 15.26% 3

Top 10 Holdings

  1. PIMCO Income Instl 8.03%
  2. Us 10yr Ultra Fut Mar18 Xcbt 20180320 19.14%
  3. Us 2yr Note (Cbt) Mar18 Xcbt 20180329 10.64%
  4. Us 5yr Note (Cbt) Mar18 Xcbt 20180329 9.51%
  5. AllianzGI Short Duration High Income R6 7.37%
  6. PIMCO Mortgage Opportunities Instl 7.36%
  7. AllianzGI Europe Equity Dividend Instl 4.87%
  8. PIMCO Investment Grade Corporate Bd ETF 8.01%
  9. AllianzGI Emerging Markets Debt Instl 5.22%
  10. Dj Us Real Estate Mar18 Xcbt 20180316 3.85%

Asset Allocation

Weighting Category Low Category High AGRAX % Rank Quintile
Bonds
63.90% 0.00% 98.48% 7.37% 2
Stocks
27.48% 0.00% 97.61% 17.37% 3
Cash
5.16% -24.08% 56.64% 17.37% 3
Other
1.72% -1.72% 24.27% 10.53% 2
Convertible Bonds
1.43% 0.00% 15.15% 4.21% 1
Preferred Stocks
0.31% 0.00% 4.85% 5.26% 2

Stock Sector Breakdown

Weighting Category Low Category High AGRAX % Rank Quintile
Real Estate
10.73% 0.00% 10.80% 1.11% 1
Energy
2.49% 0.00% 5.24% 6.67% 1
Communication Services
1.55% -0.86% 1.91% 1.67% 1
Financial Services
1.46% 0.00% 15.34% 29.44% 5
Industrials
0.94% 0.08% 12.05% 27.78% 5
Consumer Defense
0.56% 0.07% 8.61% 26.67% 5
Consumer Cyclical
0.42% 0.09% 13.57% 27.78% 5
Utilities
0.41% 0.02% 2.31% 22.22% 5
Healthcare
0.22% 0.09% 11.92% 28.89% 5
Technology
0.13% 0.00% 19.34% 30.00% 5
Basic Materials
0.03% 0.00% 4.35% 28.33% 5

Stock Geographic Breakdown

Weighting Category Low Category High AGRAX % Rank Quintile
US
17.90% 0.00% 66.67% 19.47% 4
Non US
9.58% -2.02% 30.94% 16.84% 3

Bond Sector Breakdown

Weighting Category Low Category High AGRAX % Rank Quintile
Corporate
27.03% 0.00% 44.95% 4.21% 1
Government
26.12% 0.00% 98.48% 7.89% 2
Securitized
10.68% 0.00% 29.13% 23.16% 4
Cash & Equivalents
5.28% -24.09% 34.15% 18.42% 3
Derivative
1.15% -26.92% 2.46% 2.11% 1
Municipal
0.02% 0.00% 9.68% 18.95% 4

Bond Geographic Breakdown

Weighting Category Low Category High AGRAX % Rank Quintile
US
41.13% 0.00% 98.48% 24.74% 4
Non US
22.77% -1.15% 22.77% 0.53% 1

AGRAX - Expenses

Operational Fees

AGRAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.61% 0.00% 5.04% 34.74% 3
Management Fee 0.05% 0.00% 0.80% 11.58% 3
12b-1 Fee 0.25% 0.00% 1.00% 8.46% 3
Administrative Fee 0.30% 0.00% 0.40% 3.88% 5

Sales Fees

AGRAX Fees (% of AUM) Category Low Category High AGRAX Rank Quintile
Front Load 5.50% 2.50% 5.75% 6.90% 4
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

AGRAX Fees (% of AUM) Category Low Category High AGRAX Rank Quintile
Max Redemption Fee N/A N/A N/A N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

AGRAX Fees (% of AUM) Category Low Category High AGRAX Rank Quintile
Turnover 151.00% 6.00% 151.00% 0.53% 5

AGRAX - Distributions

Dividend Yield Analysis

AGRAX Category Low Category High AGRAX % Rank Quintile
Dividend Yield 0.4% 0.01% 1.14% 15.12% 1

Dividend Distribution Analysis

AGRAX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

AGRAX Category Low Category High AGRAX % Rank Quintile
Net Income Ratio 5.12% -0.82% 5.54% 2.11% 1

Capital Gain Distribution Analysis

AGRAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Semi-Annually Annually

AGRAX - Managers

Paul Pietranico

Manager

Start Date

Dec 29, 2008

Tenure

9.1

Tenure Rank

3.7%

Mr. Pietranico, CFA, is a portfolio manager and director with Allianz Global Investors, which he joined in 2005. As a member of the Multi Asset US team, he has direct responsibility for target-date portfolio risk profiles, asset allocation and fund selection. Mr. Pietranico also participates in research and analysis for the team’s 529 programs and portfolios. Prior to that, he worked at the Center for Investment Research at Charles Schwab & Co. where he was a director of quantitative mutual fund research and portfolio construction. He started his career at Schwab as a mutual fund due diligence analyst. Pietranico holds the Charted Financial Analyst Designation. Mr. Pietranico has a B.S. in physics, an M.A. in philosophy of science and an M.S. in engineering economic systems and operations research from Stanford University.


Claudio Marsala

Manager

Start Date

Jan 01, 2015

Tenure

3.08

Tenure Rank

10.6%

Mr. Marsala is a portfolio manager and director with Allianz Global Investors, which he joined in 2001. As a member of the Multi Asset US team, he manages multi-asset mandates primarily for institutional clients. Mr. Marsala previously led the quantitative efforts of the firm’s Multi Asset team in Italy, focusing on systematic multi-asset products; before that, he worked in risk management. He has a laurea degree in economics and financial markets from the University of Pisa in Italy, and a master’s degree in quantitative finance from the University of Turin.


Alistair Bates

Manager

Start Date

Oct 01, 2016

Tenure

1.33

Tenure Rank

12.8%

N/A


Ryan Chin

Manager

Start Date

Dec 31, 2016

Tenure

1.08

Tenure Rank

13.4%

Mr. Chin is a portfolio manager and a vice president with Allianz Global Investors, which he joined in 2015. As a member of the Multi Asset US team, he focuses on the firm’s dynamic multi-asset strategies. Mr. Chin has 14 years of investment-industry experience. He was previously a government bond trader and a fixed-income derivatives trader in charge of US interest rate swaps in the US at Scotiabank. Mr. Chin has a B.B.A. in finance and accounting, first class honors, from Simon Fraser University, British Columbia, Canada. He is a CFA charterholder, and holds the FINRA series 3, 7 and 63 licenses


Tenure Analysis

Category Low

0.0

Category High

15.4

Category Average

6.1

Category Mode

0.9