AGAMX: AllianzGI Global Allocation Admin

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AGAMX AllianzGI Global Allocation Admin


Profile

AGAMX - Profile

Vitals

  • YTD Return 4.2%
  • 3 Yr Annualized Return -0.7%
  • 5 Yr Annualized Return -1.1%
  • Net Assets $328 M
  • Holdings in Top 10 81.3%

52 WEEK LOW AND HIGH

$11.46
$10.81
$11.96

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.06%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 17.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 4.2%
  • 3 Yr Annualized Total Return 4.7%
  • 5 Yr Annualized Total Return 3.5%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 2.28%
DIVIDENDS
  • Dividend Yield 0.8%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    AllianzGI Global Allocation Fund
  • Fund Family Name
    Allianz Funds
  • Inception Date
    May 04, 2009
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • 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 actively managed strategies within those asset classes. It allocates its investments among asset classes in response to changing market, economic, and political factors and events that the portfolio managers believe may affect the value of the fund's investments. In making investment decisions for the fund, the portfolio managers seek to identify trends and turning points in the global markets.


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Categories

Performance

AGAMX - Performance

Return Ranking - Trailing

Period AGAMX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.2% -9.2% 5.1% 1.14%
1 Yr 5.5% -13.2% 19.6% 64.79%
3 Yr -0.7%* -9.9% 10.3% 81.96%
5 Yr -1.1%* -10.7% 6.1% 74.74%
10 Yr 1.5%* -2.2% 7.1% 72.51%

* Annualized

Return Ranking - Calendar

Period AGAMX Return Category Return Low Category Return High Rank in Category (%)
2019 7.3% -7.3% 25.8% 82.81%
2018 -13.9% -32.7% 0.0% 77.62%
2017 5.8% -3.7% 29.4% 64.09%
2016 1.5% -43.7% 16.1% 73.44%
2015 -6.5% -19.5% 1.0% 52.76%

Total Return Ranking - Trailing

Period AGAMX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.2% -9.2% 5.1% 1.14%
1 Yr 5.5% -13.2% 19.6% 64.98%
3 Yr 4.7%* -9.9% 11.7% 36.53%
5 Yr 3.5%* -10.7% 7.8% 39.84%
10 Yr 5.6%* -2.2% 11.0% 54.98%

* Annualized

Total Return Ranking - Calendar

Period AGAMX Return Category Return Low Category Return High Rank in Category (%)
2019 7.3% -7.3% 25.8% 82.81%
2018 -8.7% -32.7% 0.0% 55.24%
2017 17.0% -3.7% 29.4% 14.55%
2016 3.5% -43.7% 20.7% 73.44%
2015 -1.7% -19.5% 6.2% 36.22%

NAV & Total Return History


Holdings

AGAMX - Holdings

Concentration Analysis

AGAMX Category Low Category High AGAMX % Rank
Net Assets 328 M 1.73 M 115 B 68.95%
Number of Holdings 136 52 4507 85.58%
Net Assets in Top 10 331 M 202 K 21.2 B 41.18%
Weighting of Top 10 81.33% 5.1% 170.2% 8.73%

Top 10 Holdings

  1. AllianzGI Global Sustainability Instl 33.74%
  2. AllianzGI Best Styles Glbl Mgd Vol 8.84%
  3. AllianzGI Green Bond Institutional 8.02%
  4. 10 Year Treasury Note Future Mar 20 7.95%
  5. AllianzGI PerformanceFee Mgd Fts Strt R6 7.85%
  6. E-mini S&P 500 Futures Mar20 4.09%
  7. 2 Year Treasury Note Future Mar 20 4.08%
  8. AllianzGI Emerging Markets SRI Debt Ins 4.01%
  9. Future on MSCI EAFE Mar20 1.50%
  10. AllianzGI Emerging Markets Sm-Cp Instl 1.25%

Asset Allocation

Weighting Return Low Return High AGAMX % Rank
Stocks
43.58% 22.67% 80.06% 74.95%
Bonds
40.69% 19.71% 76.70% 27.89%
Other
9.03% -2.50% 62.73% 8.73%
Cash
6.43% -77.88% 50.88% 35.29%
Convertible Bonds
0.21% 0.00% 13.83% 62.43%
Preferred Stocks
0.08% 0.00% 21.57% 56.17%

Stock Sector Breakdown

Weighting Return Low Return High AGAMX % Rank
Technology
23.13% 0.00% 33.84% 3.64%
Financial Services
19.20% 0.00% 41.89% 15.52%
Healthcare
15.37% 0.00% 38.81% 13.60%
Industrials
10.29% 0.22% 21.62% 46.55%
Consumer Cyclical
8.34% 0.00% 28.06% 55.56%
Consumer Defense
8.27% 0.00% 33.90% 36.40%
Energy
4.85% -0.17% 41.94% 58.24%
Basic Materials
4.65% 0.00% 16.54% 30.46%
Communication Services
4.25% 0.00% 28.30% 65.90%
Utilities
0.87% -0.17% 28.14% 87.55%
Real Estate
0.77% 0.00% 84.89% 94.83%

Stock Geographic Breakdown

Weighting Return Low Return High AGAMX % Rank
US
24.94% -0.12% 61.27% 65.65%
Non US
18.64% 1.90% 56.89% 74.95%

Bond Sector Breakdown

Weighting Return Low Return High AGAMX % Rank
Government
49.24% 0.00% 100.00% 20.87%
Corporate
30.83% 0.00% 98.30% 49.34%
Cash & Equivalents
14.54% -20.20% 67.01% 49.53%
Derivative
5.39% -4.16% 44.33% 16.70%
Securitized
0.00% 0.00% 64.61% 97.53%
Municipal
0.00% 0.00% 21.30% 91.27%

Bond Geographic Breakdown

Weighting Return Low Return High AGAMX % Rank
Non US
20.57% -56.41% 46.70% 13.47%
US
20.12% -0.30% 78.99% 70.97%

Expenses

AGAMX - Expenses

Operational Fees

AGAMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.06% 0.07% 26.19% 57.17%
Management Fee 0.70% 0.00% 1.95% 67.61%
12b-1 Fee 0.25% 0.00% 1.00% 47.35%
Administrative Fee N/A 0.01% 0.40% 84.49%

Sales Fees

AGAMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

AGAMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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.

AGAMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 17.00% 14.00% 347.00% 4.41%

Distributions

AGAMX - Distributions

Dividend Yield Analysis

AGAMX Category Low Category High AGAMX % Rank
Dividend Yield 0.80% 0.00% 3.21% 8.90%

Dividend Distribution Analysis

AGAMX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Net Income Ratio Analysis

AGAMX Category Low Category High AGAMX % Rank
Net Income Ratio 2.28% -0.35% 6.29% 38.77%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

AGAMX - Fund Manager Analysis

Managers

Paul Pietranico


Start Date

Tenure

Tenure Rank

May 04, 2009

10.75

10.8%

Paul Pietranico, CFA Director, Head of Active Allocation Strategies Mr. Pietranico is a portfolio manager and a director with Allianz Global Investors, which he joined in 2005. As the head of active allocation strategies within the Multi Asset US team, he oversees all traditional multi asset strategies and is a portfolio manager for the Global Dynamic Allocation Fund, Multi Asset Income and the target-date portfolios, among other dynamic asset allocation strategies. He has 23 years of investment industry experience. Previously, Mr. Pietranico worked at Charles Schwab & Co., focusing on research related to portfolio optimization; 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.

Rahul Malhotra


Start Date

Tenure

Tenure Rank

Dec 02, 2013

6.17

6.2%

Mr. Malhotra, Ph.D., is a portfolio manager and a director with Allianz Global Investors, which he joined in 2012. As a member of the Multi Asset US team, he is responsible for quantitative research and development. He has a B.S. in physics from the California Institute of Technology and a Ph.D. in theoretical particle physics from the University of Texas at Austin.

Heather Bergman


Start Date

Tenure

Tenure Rank

Feb 01, 2017

3.0

3.0%

Ms. Bergman is a portfolio manager and a vice president with Allianz Global Investors, which she joined in 2011. As a member of the Multi Asset US team, she manages the investment functions around the 529 portfolios, including monitoring the portfolios and the underlying managers driving the portfolio-update process and working with the state investment boards that oversee the 529 programs. Before joining the firm, she taught at the University of California Los Angeles and did her post-doctoral research at New York University; before that, she was a macroeconomic analyst at a global hedge fund, covering both developed and emerging markets. Ms. Bergman has a BA in government from Georgetown University, an MA in international economic policy from Columbia University and a PhD in international political economy from the University of California Los Angeles.

Huy Thanh Vo


Start Date

Tenure

Tenure Rank

Feb 01, 2017

3.0

3.0%

Thanh is a portfolio manager and a Vice President with Allianz Global Investors, which he joined in 2009. As a member of the Multi Asset US team, he is responsible for overlay strategies and liquid alternatives. Thanh has about seven years of investment-industry experience. He was previously a research assistant for the chair for investment, portfolio management and pension finance at J.W. Goethe University Frankfurt. He has a master’s degree in Money and Finance and a Ph.D. in Finance from the J.W. Goethe University. He is a CFA charterholder.

Carl Pappo


Start Date

Tenure

Tenure Rank

Oct 11, 2019

0.31

0.3%

Mr. Pappo is CIO US Fixed Income and a managing director with Allianz Global Investors, which he joined in 2017. As the leader of the US Fixed Income team, his responsibilities include chairing the core strategy team (which sets portfolio risk allocations) and acting as lead portfolio manager for a number of strategies. Mr. Pappo previously worked at Columbia Threadneedle Investments, where he was head of the core fixed-income team; earlier at the firm, he led the credit team and the investment grade research team. Before that, Mr. Pappo worked at Fleet Investment Advisors where he managed taxable fixed-income funds and institutional portfolios. He began his career as a corporate bond trader. Mr. Pappo has a B.S. in accounting from Babson College. He is a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 28.1 6.21 0.61