AVAMX: AllianzGI Retirement 2040 Administrative

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AVAMX AllianzGI Retirement 2040 Administrative

  • Fund
  • AVAMX
  • Price as of: Jan 17, 2020
  • $20.70
    + $0.04 + 0.19%

Profile

AVAMX - Profile

Vitals

  • YTD Return 2.6%
  • 3 Yr Annualized Return 9.6%
  • 5 Yr Annualized Return 6.9%
  • Net Assets $27.2 M
  • Holdings in Top 10 90.5%

52 WEEK LOW AND HIGH

$20.70
$19.35
$22.59

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.45%

SALES FEES

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

BROKERAGE FEES

  • Turnover 18.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Distributions

  • YTD Total Return 2.6%
  • 3 Yr Annualized Total Return 9.6%
  • 5 Yr Annualized Total Return 6.9%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.84%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    AllianzGI Retirement 2040 Fund Administrative Class
  • Fund Family Name
    Allianz Funds
  • Inception Date
    Dec 29, 2008
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • 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

AVAMX - Performance

Return Ranking - Trailing

Period AVAMX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.6% 0.0% 2.8% 7.57%
1 Yr 22.0% -9.8% 25.8% 3.77%
3 Yr 9.6%* -4.5% 12.9% 8.15%
5 Yr 6.9%* -3.2% 9.4% 7.85%
10 Yr 7.0%* -5.9% 10.6% 11.66%

* Annualized

Return Ranking - Calendar

Period AVAMX Return Category Return Low Category Return High Rank in Category (%)
2019 8.7% -11.2% 23.6% 82.32%
2018 -18.7% -19.1% 0.0% 97.77%
2017 13.8% -12.3% 20.9% 35.05%
2016 4.0% -4.2% 7.5% 43.75%
2015 -4.5% -13.0% 0.0% 45.20%

Total Return Ranking - Trailing

Period AVAMX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.6% 0.0% 2.8% 7.57%
1 Yr 22.0% -9.8% 25.8% 3.77%
3 Yr 9.6%* -4.3% 12.9% 12.46%
5 Yr 6.9%* -3.2% 9.4% 15.33%
10 Yr 7.0%* -4.0% 10.6% 20.55%

* Annualized

Total Return Ranking - Calendar

Period AVAMX Return Category Return Low Category Return High Rank in Category (%)
2019 8.7% -11.2% 23.6% 82.32%
2018 -10.7% -19.1% 0.0% 82.32%
2017 21.0% -12.3% 24.1% 7.98%
2016 8.2% 0.0% 9.8% 7.37%
2015 -1.9% -9.4% 0.7% 41.15%

NAV & Total Return History


Holdings

AVAMX - Holdings

Concentration Analysis

AVAMX Category Low Category High AVAMX % Rank
Net Assets 27.2 M 10 46.6 B 70.68%
Number of Holdings 28 1 652 19.33%
Net Assets in Top 10 24.1 M 88.7 K 46.7 B 68.81%
Weighting of Top 10 90.52% 54.3% 111.3% 35.44%

Top 10 Holdings

  1. AllianzGI Global Dynamic Allocation R6 33.13%
  2. AllianzGI Best Styles US Equity R6 12.09%
  3. AllianzGI Best Styles Glbl Mgd Vol 9.86%
  4. 2 Year Treasury Note Future Mar20 8.13%
  5. Allianzgi Instl Multi-Ser Tr 7.99%
  6. AllianzGI Best Styles Global Eq R6 6.69%
  7. Ultra 10 Year US Treasury Note Future Mar20 3.90%
  8. E-mini S&P 500 Futures Dec19 3.23%
  9. AllianzGI Mid-Cap Institutional 2.76%
  10. AllianzGI Focused Growth R6 2.73%

Asset Allocation

Weighting Return Low Return High AVAMX % Rank
Stocks
48.47% 0.00% 93.38% 49.37%
Other
22.97% -0.27% 100.00% 3.11%
Bonds
17.83% -40.53% 79.46% 72.15%
Cash
10.67% -35.61% 112.41% 17.72%
Preferred Stocks
0.06% 0.00% 7.24% 57.65%
Convertible Bonds
0.00% 0.00% 1.22% 97.01%

Stock Sector Breakdown

Weighting Return Low Return High AVAMX % Rank
Technology
17.04% 2.62% 22.78% 34.76%
Financial Services
15.82% 3.32% 23.03% 49.48%
Healthcare
14.40% 0.26% 18.93% 19.12%
Industrials
11.53% 1.02% 16.45% 33.60%
Consumer Cyclical
9.91% 1.88% 13.97% 70.92%
Communication Services
7.88% 0.21% 12.50% 33.84%
Consumer Defense
7.18% 1.02% 12.52% 81.23%
Real Estate
4.51% 0.43% 62.85% 42.18%
Utilities
4.12% 0.00% 12.51% 29.78%
Energy
4.00% 0.59% 13.74% 83.43%
Basic Materials
3.61% 0.76% 7.37% 81.69%

Stock Geographic Breakdown

Weighting Return Low Return High AVAMX % Rank
US
38.98% 0.00% 65.01% 40.85%
Non US
9.49% 0.00% 39.15% 85.27%

Bond Sector Breakdown

Weighting Return Low Return High AVAMX % Rank
Government
47.14% 0.21% 99.00% 31.52%
Cash & Equivalents
24.57% 0.72% 112.41% 22.60%
Corporate
15.39% 0.00% 61.96% 72.31%
Derivative
12.90% -82.56% 30.13% 3.48%
Securitized
0.00% 0.00% 46.63% 100.00%
Municipal
0.00% 0.00% 31.11% 100.00%

Bond Geographic Breakdown

Weighting Return Low Return High AVAMX % Rank
US
13.61% -52.61% 74.40% 73.42%
Non US
4.22% -34.01% 29.12% 47.76%

Expenses

AVAMX - Expenses

Operational Fees

AVAMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.45% 0.00% 108.50% 56.35%
Management Fee 0.05% 0.00% 0.77% 65.14%
12b-1 Fee 0.25% 0.00% 1.00% 35.37%
Administrative Fee 0.15% 0.01% 0.40% 62.84%

Sales Fees

AVAMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

AVAMX 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.

AVAMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 18.00% 0.00% 207.00% 49.46%

Distributions

AVAMX - Distributions

Dividend Yield Analysis

AVAMX Category Low Category High AVAMX % Rank
Dividend Yield 0.00% 0.00% 1.21% 72.05%

Dividend Distribution Analysis

AVAMX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Annually Annually

Net Income Ratio Analysis

AVAMX Category Low Category High AVAMX % Rank
Net Income Ratio 1.84% -0.45% 4.93% 57.73%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

AVAMX - Fund Manager Analysis

Managers

Paul Pietranico


Start Date

Tenure

Tenure Rank

Dec 29, 2008

11.01

11.0%

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.

Claudio Marsala


Start Date

Tenure

Tenure Rank

Jan 01, 2015

5.0

5.0%

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


Start Date

Tenure

Tenure Rank

Oct 01, 2016

3.25

3.3%

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 17.26 5.68 8.0