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AVSRX AllianzGI Retirement 2040 R

  • Fund
  • AVSRX
  • Price as of: Aug 16, 2019
  • $20.30 + $0.23 + 1.15%
  • Category
  • Target Retirement Date

AVSRX - Profile

Vitals

  • YTD Return 9.7%
  • 3 Yr Annualized Return 0.0%
  • 5 Yr Annualized Return -1.7%
  • Net Assets $38.4 M
  • Holdings in Top 10 108.3%

52 WEEK LOW AND HIGH

$20.30
$18.20
$23.32

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.85%

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)

$0

IRA

$1,000

Investment Themes

CATEGORY

Target Retirement Date
  • Fund Type Open End Mutual Fund
  • Investment Style Target-Date 2040

Distributions

  • YTD Total Return 9.7%
  • 3 Yr Annualized Total Return 6.2%
  • 5 Yr Annualized Total Return 3.6%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 2.16%
DIVIDENDS
  • Dividend Yield 2.3%
  • Dividend Distribution Frequency Annually

Fund Details

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

AVSRX - Performance

Return Ranking - Trailing

Period AVSRX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.7% -31.7% 19.7% 75.56%
1 Yr -11.3% -44.9% 3.5% 89.60%
3 Yr 0.0%* -18.3% 8.6% 69.81%
5 Yr -1.7%* -12.0% 8.8% 72.53%
10 Yr 1.1%* -6.0% 8.7% 88.43%

* Annualized


Return Ranking - Calendar

Period AVSRX Return Category Return Low Category Return High Rank in Category (%)
2018 -18.5% -25.1% -0.4% 87.14%
2017 14.2% -36.9% 20.0% 35.09%
2016 3.8% -5.2% 8.1% 49.59%
2015 -4.6% -25.3% -0.8% 33.83%
2014 -5.1% -49.7% 34.8% 93.78%

Total Return Ranking - Trailing

Period AVSRX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.7% -31.7% 19.7% 75.56%
1 Yr -3.2% -43.3% 6.9% 65.23%
3 Yr 6.2%* -18.3% 11.3% 32.27%
5 Yr 3.6%* -12.0% 8.8% 50.52%
10 Yr 6.8%* -4.1% 11.6% 52.43%

* Annualized


Total Return Ranking - Calendar

Period AVSRX Return Category Return Low Category Return High Rank in Category (%)
2018 -11.1% -25.1% -0.3% 63.87%
2017 20.5% -36.9% 26.6% 17.92%
2016 7.8% -4.7% 12.3% 26.25%
2015 -2.3% -25.3% 3.9% 56.06%
2014 0.9% -47.6% 39.2% 87.39%

NAV & Total Return History

AVSRX - Holdings

Concentration Analysis

AVSRX Category Low Category High AVSRX % Rank
Net Assets 38.4 M 1.23 M 43.6 B 84.11%
Number of Holdings 22 3 142 41.72%
Net Assets in Top 10 40.7 M 1.09 M 43.6 B 81.14%
Weighting of Top 10 108.27% 17.8% 109.7% 1.26%

Top 10 Holdings

  1. AllianzGI Best Styles Global Eq R6 44.52%

  2. AllianzGI Global Dynamic Allocation R6 29.84%

  3. AllianzGI Best Styles US Equity R6 17.86%

  4. Msci Emgmkt Sep19 Ifus 20190920 3.79%

  5. S+p500 Emini Fut Sep19 Xcme 20190920 3.18%

  6. Dj Us Real Estate Sep19 Xcbt 20190920 2.41%

  7. SFE SPI 200 Index Future Sept19 2.21%

  8. E-Mini Russ 1000 Vsep19 Xcme 20190920 1.51%

  9. Nasdaq 100 E-Mini Sep19 Xcme 20190920 1.48%

  10. AllianzGI Advanced Core Bond 1.47%


Asset Allocation

Weighting Return Low Return High AVSRX % Rank
Stocks
83.19% 0.08% 97.53% 27.62%
Bonds
8.23% 1.03% 137.62% 82.11%
Cash
6.52% -100.79% 23.12% 38.08%
Other
1.96% -0.85% 24.53% 8.24%
Convertible Bonds
0.09% 0.00% 3.36% 59.76%
Preferred Stocks
0.01% 0.00% 7.14% 50.56%

Stock Sector Breakdown

Weighting Return Low Return High AVSRX % Rank
Technology
15.51% 1.41% 20.72% 26.67%
Financial Services
14.79% 1.51% 18.80% 15.38%
Healthcare
11.50% 1.06% 13.46% 7.21%
Consumer Cyclical
9.23% 0.95% 12.33% 33.58%
Industrials
7.86% 0.83% 13.93% 44.65%
Consumer Defense
5.82% 0.83% 16.80% 35.22%
Energy
4.27% 0.40% 6.45% 24.29%
Basic Materials
4.11% 0.16% 5.40% 11.52%
Communication Services
3.69% 0.30% 4.07% 2.08%
Utilities
2.75% 0.05% 5.43% 20.51%
Real Estate
2.27% 0.38% 18.90% 64.19%

Stock Geographic Breakdown

Weighting Return Low Return High AVSRX % Rank
US
57.39% 0.08% 66.20% 11.58%
Non US
25.80% 0.00% 46.30% 46.55%

Bond Sector Breakdown

Weighting Return Low Return High AVSRX % Rank
Cash & Equivalents
7.66% -120.10% 23.97% 22.87%
Government
3.72% 0.00% 137.62% 76.99%
Corporate
2.89% 0.26% 51.60% 81.81%
Securitized
1.72% 0.00% 60.24% 80.03%
Municipal
0.00% 0.00% 3.09% 83.74%
Derivative
-1.14% -4.34% 12.92% 93.69%

Bond Geographic Breakdown

Weighting Return Low Return High AVSRX % Rank
US
4.83% -12.23% 137.62% 87.90%
Non US
3.40% 0.00% 34.95% 43.73%

AVSRX - Expenses

Operational Fees

AVSRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.85% 0.00% 5.22% 27.41%
Management Fee 0.05% 0.00% 0.95% 42.24%
12b-1 Fee 0.50% 0.00% 1.00% 65.27%
Administrative Fee 0.30% 0.00% 0.40% 89.39%

Sales Fees

AVSRX 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% 4.00% N/A

Trading Fees

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

AVSRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 18.00% 0.00% 106.00% 31.55%

AVSRX - Distributions

Dividend Yield Analysis

AVSRX Category Low Category High AVSRX % Rank
Dividend Yield 2.27% 0.00% 0.04% 31.70%

Dividend Distribution Analysis

AVSRX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Annually Annually

Dividend Payout History


Net Income Ratio Analysis

AVSRX Category Low Category High AVSRX % Rank
Net Income Ratio 2.16% -0.99% 35.20% 23.85%

Capital Gain Distribution Analysis

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

AVSRX - Managers

Paul Pietranico

Manager

Start Date

Tenure

Tenure Rank

Dec 29, 2008

10.59

10.6%

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

Manager

Start Date

Tenure

Tenure Rank

Jan 01, 2015

4.58

4.6%

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

Tenure

Tenure Rank

Oct 01, 2016

2.83

2.8%

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

0.0

Category High

16.76

Category Average

6.29

Category Mode

7.5