ABSCX: AllianzGI Retirement 2020 C

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ABSCX AllianzGI Retirement 2020 C


Profile

ABSCX - Profile

Vitals

  • YTD Return -25.7%
  • 3 Yr Annualized Return -13.5%
  • 5 Yr Annualized Return -6.4%
  • Net Assets $11.7 M
  • Holdings in Top 10 81.0%

52 WEEK LOW AND HIGH

$13.07
$13.07
$20.33

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.35%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 28.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $1,000

Fund Classification

  • Primary Caregory Uncategorized
  • Fund Type Open End Mutual Fund
  • Investment Style Target-Date 2020

Distributions

  • YTD Total Return -25.7%
  • 3 Yr Annualized Total Return -11.3%
  • 5 Yr Annualized Total Return -4.1%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 0.98%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    AllianzGI Retirement 2020 Fund
  • Fund Family Name
    Allianz Funds
  • Inception Date
    Dec 29, 2008
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Paul Pietranico

Fund Description

The fund pursues its objective primarily by gaining diversified exposure to core global equity asset classes, including emerging markets equities (the "Equity Component"), and core U.S. fixed income asset classes (the "Fixed Income Component"). It invests directly and indirectly in globally diverse equity securities, including emerging market equities, and in global fixed income securities, including high yield debt, convertible bonds and emerging market debt.


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Categories

Performance

ABSCX - Performance

Return Ranking - Trailing

Period ABSCX Return Category Return Low Category Return High Rank in Category (%)
YTD -25.7% -26.1% 10.1% 99.84%
1 Yr -33.6% -34.2% 11.2% 99.16%
3 Yr -13.5%* -14.6% 6.4% 98.11%
5 Yr -6.4%* -7.1% 7.1% 99.25%
10 Yr -3.6%* -3.9% 6.7% 99.18%

* Annualized

Return Ranking - Calendar

Period ABSCX Return Category Return Low Category Return High Rank in Category (%)
2019 -1.6% -2.4% 20.5% 99.12%
2018 -12.1% -18.9% -3.6% 85.56%
2017 9.8% -12.3% 18.2% 33.04%
2016 4.0% -4.2% 6.9% 34.70%
2015 -5.3% -13.0% -0.3% 58.28%

Total Return Ranking - Trailing

Period ABSCX Return Category Return Low Category Return High Rank in Category (%)
YTD -25.7% -26.1% 10.1% 99.84%
1 Yr -33.6% -34.2% 11.2% 99.16%
3 Yr -11.3%* -13.5% 7.4% 98.32%
5 Yr -4.1%* -4.9% 9.4% 98.50%
10 Yr -0.7%* -1.1% 9.6% 97.54%

* Annualized

Total Return Ranking - Calendar

Period ABSCX Return Category Return Low Category Return High Rank in Category (%)
2019 -1.6% -2.4% 20.5% 99.12%
2018 -7.3% -18.8% -0.9% 60.46%
2017 12.4% -12.3% 22.9% 29.96%
2016 6.2% 0.2% 9.2% 34.25%
2015 -2.8% -9.4% 0.7% 60.36%

NAV & Total Return History


Holdings

ABSCX - Holdings

Concentration Analysis

ABSCX Category Low Category High ABSCX % Rank
Net Assets 11.7 M 119 K 47.4 B 80.28%
Number of Holdings 9 1 738 82.20%
Net Assets in Top 10 10.9 M 97.6 K 46.2 B 81.42%
Weighting of Top 10 80.95% 32.6% 100.0% 54.04%

Top 10 Holdings

  1. AllianzGI Global Dynamic Allocation R6 57.48%
  2. Us 10yr Note (Cbt)sep20 Xcbt 20200921 14.79%
  3. AllianzGI Core Bond R6 4.35%
  4. Future on S&P500 Sep20 2.30%
  5. Future on MSCI EAFE Sep20 1.28%
  6. Future on MSCI EM (Emerging Markets) Sep20 0.75%

Asset Allocation

Weighting Return Low Return High ABSCX % Rank
Bonds
35.56% -40.53% 77.46% 76.69%
Cash
29.70% -21.05% 112.41% 1.10%
Stocks
27.94% 0.00% 79.92% 73.70%
Other
6.19% -0.44% 100.00% 11.02%
Convertible Bonds
0.41% 0.00% 1.81% 47.09%
Preferred Stocks
0.20% 0.00% 7.51% 28.66%

Stock Sector Breakdown

Weighting Return Low Return High ABSCX % Rank
Technology
18.51% 1.82% 26.22% 36.09%
Healthcare
14.30% 1.66% 18.24% 46.42%
Financial Services
12.84% 3.32% 19.78% 79.17%
Consumer Cyclical
10.71% 1.88% 12.59% 41.34%
Industrials
9.89% 1.63% 15.38% 44.04%
Communication Services
7.97% 0.21% 10.66% 64.55%
Consumer Defense
7.68% 1.02% 22.06% 62.32%
Energy
5.91% 0.59% 19.85% 6.52%
Utilities
5.23% 0.00% 8.63% 16.85%
Basic Materials
3.63% 0.76% 10.20% 54.05%
Real Estate
3.33% 0.43% 31.58% 67.73%

Stock Geographic Breakdown

Weighting Return Low Return High ABSCX % Rank
US
20.12% 0.00% 64.60% 69.29%
Non US
7.82% 0.00% 34.42% 79.06%

Bond Sector Breakdown

Weighting Return Low Return High ABSCX % Rank
Cash & Equivalents
39.50% 0.99% 112.41% 7.79%
Government
31.39% 0.00% 98.99% 62.48%
Corporate
17.13% 0.00% 51.19% 79.33%
Derivative
10.39% -82.56% 20.64% 8.11%
Securitized
1.59% 0.00% 41.85% 89.19%
Municipal
0.00% 0.00% 11.52% 91.26%

Bond Geographic Breakdown

Weighting Return Low Return High ABSCX % Rank
US
30.17% -52.61% 74.70% 70.55%
Non US
5.39% -6.29% 45.47% 49.92%

Expenses

ABSCX - Expenses

Operational Fees

ABSCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.35% 0.00% 24.81% 17.02%
Management Fee 0.05% 0.00% 0.77% 50.24%
12b-1 Fee 1.00% 0.00% 1.00% 90.40%
Administrative Fee 0.30% 0.01% 0.30% 94.12%

Sales Fees

ABSCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load 1.00% 1.00% 5.00% 47.17%

Trading Fees

ABSCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

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.

ABSCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 28.00% 0.00% 277.00% 49.92%

Distributions

ABSCX - Distributions

Dividend Yield Analysis

ABSCX Category Low Category High ABSCX % Rank
Dividend Yield 0.00% 0.00% 2.55% 49.61%

Dividend Distribution Analysis

ABSCX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

ABSCX Category Low Category High ABSCX % Rank
Net Income Ratio 0.98% 0.48% 6.21% 96.55%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

ABSCX - Fund Manager Analysis

Managers

Paul Pietranico


Start Date

Tenure

Tenure Rank

Dec 29, 2008

11.68

11.7%

Mr. Pietranico is a portfolio manager and a director with Allianz Global Investors, which he joined in 2005. As a member of the Multi Asset US team, he is a portfolio manager for the target-date portfolios, as well as for other asset-allocation portfolios, including 529 college-savings plans. Mr. Pietranico previously worked at Charles Schwab & Co., focusing on research related to portfolio simulation, optimization and construction; asset allocation; retirement planning; and investment-manager due diligence. 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. He is a CFA charterholder.

Claudio Marsala


Start Date

Tenure

Tenure Rank

Jan 01, 2015

5.67

5.7%

Claudio Marsala is a portfolio manager and director with Allianz Global Investors, which he joined in 2001. As the head of the Multi Asset Total Return and Alternatives team, he manages multi asset mandates for retail and 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


Start Date

Tenure

Tenure Rank

Oct 01, 2016

3.92

3.9%

Mr. Bates is a portfolio manager and a vice president with Allianz Global Investors, which he joined in 2007. As a member of the Multi Asset US team, he manages multi-asset mandates for retail and institutional clients. Mr. Bates was previously an analyst with the team, responsible for underlying fund due diligence, and maintaining and developing the investment risk tools for the target-date and 529 college savings portfolios. He has 11 years of investment-industry experience. Mr. Bates has a degree in economics and political science from the University of California, San Diego. Mr. Bates is a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 17.93 5.05 0.67