Are you getting the best rate from your broker?
Compare your broker's rates now to find out if you can save money

Choose your broker below
Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you
ALERT

How Return of Capital Distributions Are Taxed

Mutualfunds logo

AGRAX AllianzGI Retirement Income A

  • Fund
  • AGRAX
  • Price as of: Sep 22, 2017
  • $18.54
  • + $0.02
  • + 0.11%
  • Category
  • Retirement Income

AGRAX - Profile

Vitals

  • YTD Return 4.2%
  • 3 Yr Annualized Return 3.8%
  • 5 Yr Annualized Return 4.2%
  • Net Assets $50.8 M
  • Holdings in Top 10 87.1%

52 WEEK LOW AND HIGH

$18.54
$17.78
$18.66

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.60%

SALES FEES

  • Front Load 5.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 116.00%

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 4.2%
  • 3 Yr Annualized Total Return 1.8%
  • 5 Yr Annualized Total Return 3.1%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 4.25%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name AllianzGI Retirement 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 4.2% -17.4% 16.1% 60.12% 4
1 Yr 7.0% -4.4% 15.9% 19.58% 1
3 Yr 3.8% * 0.4% 6.8% 20.13% 1
5 Yr 4.2% * 1.0% 11.4% 51.63% 3
10 Yr N/A * 1.8% 5.8% N/A N/A

* Annualized


Return Ranking - Calendar

Period AGRAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 3.9% -9.2% 5.8% 9.58% 1
2015 -6.1% -15.0% 1.3% 51.59% 4
2014 -3.8% -26.7% 6.0% 73.38% 5
2013 0.4% -2.4% 24.8% 65.33% 4
2012 5.5% -3.0% 15.7% 44.83% 3

Total Return Ranking - Trailing

Period AGRAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 4.2% -17.4% 16.1% 60.69% 4
1 Yr 1.1% -8.3% 15.9% 79.37% 4
3 Yr 1.8% * -0.8% 6.8% 74.84% 4
5 Yr 3.1% * 0.5% 11.4% 77.12% 4
10 Yr N/A * 1.8% 5.8% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period AGRAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 6.6% -7.3% 7.1% 4.19% 1
2015 0.4% -5.0% 6.5% 1.91% 1
2014 2.4% 0.0% 9.6% 80.52% 5
2013 3.2% -0.4% 33.2% 76.00% 4
2012 12.3% 0.0% 22.8% 22.07% 2

NAV & Total Return History

AGRAX - Holdings

Filings data as of: Jul 31, 2017

Concentration Analysis

AGRAX Category Low Category High AGRAX % Rank Quintile
Net Assets 50.8 M 1.26 M 16.6 B 21.05% 4
Number of Holdings 62 2 9868 3.68% 1
Net Assets in Top 10 33.2 M 841 K 16.6 B 21.58% 4
Weighting of Top 10 87.1% 2.0% 105.2% 13.68% 2

Top 10 Holdings

  1. PIMCO Income Instl 10.73%
  2. AllianzGI High Yield Bond Institutional 8.15%
  3. AllianzGI NFJ Global Dividend Val Instl 10.23%
  4. PIMCO Long-Term Credit Institutional 7.90%
  5. Us 10yr Ultra Fut Sep17 Xcbt 20170920 8.16%
  6. AllianzGI Emerging Markets Debt Instl 4.80%
  7. Dj Us Real Estate Sep17 Xcbt 20170915 7.30%
  8. Us 2yr Note (Cbt) Sep17 Xcbt 20170929 4.90%
  9. AllianzGI Short Duration High Income R6 18.56%
  10. PIMCO Mortgage Opportunities Instl 6.31%

Asset Allocation

Weighting Category Low Category High AGRAX % Rank Quintile
Bonds
70.80% 0.00% 98.48% 4.21% 1
Stocks
29.80% 0.00% 98.25% 16.84% 3
Other
1.85% -1.64% 19.54% 12.63% 2
Convertible Bonds
0.97% 0.00% 15.15% 4.21% 1
Preferred Stocks
0.64% 0.00% 4.85% 4.21% 1
Cash
-4.05% -16.06% 51.86% 30.53% 5

Stock Sector Breakdown

Weighting Category Low Category High AGRAX % Rank Quintile
Real Estate
13.49% 0.00% 13.49% 0.56% 1
Energy
4.48% 0.00% 5.75% 1.67% 1
Financial Services
2.99% 0.00% 15.65% 25.56% 5
Technology
2.05% 0.00% 17.69% 26.67% 5
Industrials
1.98% 0.08% 10.91% 26.11% 5
Healthcare
1.27% 0.09% 11.98% 27.22% 5
Consumer Cyclical
1.20% 0.09% 13.63% 27.22% 5
Communication Services
1.04% 0.00% 3.05% 12.78% 3
Consumer Defense
0.75% 0.07% 7.87% 25.56% 5
Utilities
0.52% 0.02% 2.84% 20.00% 4
Basic Materials
0.23% 0.00% 5.93% 25.56% 5

Stock Geographic Breakdown

Weighting Category Low Category High AGRAX % Rank Quintile
US
23.03% 0.00% 67.85% 13.16% 2
Non US
6.77% 0.00% 30.40% 22.63% 4

Bond Sector Breakdown

Weighting Category Low Category High AGRAX % Rank Quintile
Corporate
41.08% 0.00% 44.95% 1.05% 1
Government
14.46% 0.00% 98.48% 23.68% 4
Securitized
10.56% 0.00% 27.54% 21.05% 4
Derivative
3.44% -26.92% 3.44% 0.53% 1
Municipal
0.30% 0.00% 9.68% 10.00% 2
Cash & Equivalents
-2.32% -18.30% 47.93% 30.53% 5

Bond Geographic Breakdown

Weighting Category Low Category High AGRAX % Rank Quintile
US
47.13% 0.00% 98.48% 16.32% 3
Non US
23.67% 0.00% 32.72% 1.05% 1

AGRAX - Expenses

Operational Fees

AGRAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.60% 0.00% 5.04% 35.26% 3
Management Fee 0.05% 0.00% 0.80% 12.11% 3
12b-1 Fee 0.25% 0.00% 1.00% 8.59% 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 116.00% 6.00% 116.00% 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 Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

AGRAX Category Low Category High AGRAX % Rank Quintile
Net Income Ratio 4.25% -0.82% 4.70% 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

8.68

Tenure Rank

3.9%

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

2.67

Tenure Rank

10.4%

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. Mr. Marsala has 13 years of investment-industry experience. 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.


Michael Stamos

Manager

Start Date

Oct 01, 2016

Tenure

0.92

Tenure Rank

12.9%

Michael, Ph.D., CFA, is a senior portfolio manager and a director with Allianz Global Investors, which he joined in 2007. As a member of the Multi Asset US team, he currently manages multi-asset mandates for institutional and retail clients. He was previously a researcher at the Institute of Investment, Portfolio Management and Pension Finance at the J.W. Goethe University Frankfurt, where he obtained his Ph.D. in Finance. He has published various research papers on asset allocation strategies and pension finance in highly ranked academic and practitioner journals and has presented his work at international conferences.


Alistair Bates

Manager

Start Date

Oct 01, 2016

Tenure

0.92

Tenure Rank

12.9%

N/A


Ryan Chin

Manager

Start Date

Dec 31, 2016

Tenure

0.67

Tenure Rank

13.6%

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

14.9

Category Average

5.88

Category Mode

2.7