AllianzGI Income & Growth A
- AZNAX
- Price as of: Nov 24, 2020
-
$12.22
N/A N/A
- Primary Theme
- U.S. Conservative/Balanced Allocation
- Fund Company
- Allianz Global Investors
- Share Class
AZNAX - Snapshot
Vitals
- YTD Return 9.8%
- 3 Yr Annualized Return 8.5%
- 5 Yr Annualized Return 8.7%
- Net Assets $5.4 B
- Holdings in Top 10 12.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 1.29%
SALES FEES
- Front Load 5.50%
- Deferred Load N/A
BROKERAGE FEES
- Turnover 93.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $1,000
- IRA $1,000
Fund Classification
-
Primary Theme
U.S. Conservative/Balanced Allocation
- Fund Type Open End Mutual Fund
- Investment Style Allocation--30% to 50% Equity
AZNAX - Profile
Distributions
- YTD Total Return 9.8%
- 3 Yr Annualized Total Return 6.5%
- 5 Yr Annualized Total Return 7.5%
- Capital Gain Distribution Frequency Monthly
- Net Income Ratio 1.65%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameAllianzGI Income & Growth Fund
-
Fund Family NameAllianz Funds
-
Inception DateFeb 28, 2007
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerDouglas Forsyth
AZNAX - Performance
Return Ranking - Trailing
| Period | AZNAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.8% | -11.1% | 33.0% | 11.53% |
| 1 Yr | 14.5% | -14.6% | 33.9% | 1.66% |
| 3 Yr | 8.5%* | -2.5% | 17.8% | 1.32% |
| 5 Yr | 8.7%* | -3.4% | 15.6% | 0.79% |
| 10 Yr | 8.2%* | 2.5% | 8.6% | 1.14% |
* Annualized
Return Ranking - Calendar
| Period | AZNAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 10.7% | -9.5% | 22.1% | 49.71% |
| 2018 | -11.8% | -21.7% | -2.6% | 83.30% |
| 2017 | 4.1% | -7.3% | 13.7% | 75.64% |
| 2016 | -0.5% | -9.0% | 12.8% | 94.85% |
| 2015 | -10.4% | -28.9% | 0.3% | 90.15% |
Total Return Ranking - Trailing
| Period | AZNAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.8% | -11.1% | 33.0% | 11.53% |
| 1 Yr | 8.2% | -14.6% | 33.9% | 5.72% |
| 3 Yr | 6.5%* | -3.6% | 17.8% | 4.35% |
| 5 Yr | 7.5%* | -3.4% | 15.6% | 1.78% |
| 10 Yr | 7.6%* | 2.5% | 8.6% | 4.84% |
* Annualized
Total Return Ranking - Calendar
| Period | AZNAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 12.3% | -9.5% | 22.1% | 25.93% |
| 2018 | -4.5% | -21.7% | -2.0% | 25.96% |
| 2017 | 13.5% | -5.9% | 16.6% | 6.84% |
| 2016 | 9.5% | -5.0% | 19.1% | 12.53% |
| 2015 | -2.1% | -15.0% | 2.3% | 41.41% |
NAV & Total Return History
AZNAX - Holdings
Concentration Analysis
| AZNAX | Category Low | Category High | AZNAX % Rank | |
|---|---|---|---|---|
| Net Assets | 5.4 B | 2.21 M | 62.5 B | 9.84% |
| Number of Holdings | 509 | 3 | 19961 | 25.50% |
| Net Assets in Top 10 | 709 M | 1.81 M | 11.7 B | 30.38% |
| Weighting of Top 10 | 12.78% | 8.9% | 100.0% | 90.87% |
Top 10 Holdings
- Apple Inc 1.83%
- Microsoft Corp 1.79%
- Amazon.com Inc 1.78%
- Alphabet Inc A 1.47%
- Facebook Inc A 1.31%
- Tesla Inc 1.25% 0.95%
- Visa Inc Class A 0.94%
- Adobe Inc 0.91%
- NVIDIA Corp 0.91%
- The Home Depot Inc 0.89%
Asset Allocation
| Weighting | Return Low | Return High | AZNAX % Rank | |
|---|---|---|---|---|
| Stocks | 35.29% | 1.21% | 98.16% | 67.81% |
| Bonds | 28.91% | 0.00% | 241.12% | 96.20% |
| Convertible Bonds | 24.72% | 0.00% | 50.61% | 1.27% |
| Preferred Stocks | 5.50% | 0.00% | 38.29% | 11.75% |
| Cash | 5.13% | -181.44% | 43.52% | 37.61% |
| Other | 0.46% | -4.81% | 37.19% | 27.31% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | AZNAX % Rank | |
|---|---|---|---|---|
| Technology | 30.92% | 0.00% | 41.08% | 1.45% |
| Consumer Cyclical | 15.36% | 0.00% | 22.85% | 3.80% |
| Healthcare | 13.56% | 0.00% | 21.21% | 57.50% |
| Communication Services | 12.97% | 0.00% | 17.60% | 3.07% |
| Financial Services | 10.44% | 4.48% | 31.60% | 87.16% |
| Industrials | 5.94% | 0.00% | 26.40% | 95.12% |
| Consumer Defense | 4.28% | 0.00% | 21.82% | 95.12% |
| Real Estate | 2.42% | 0.00% | 51.40% | 88.07% |
| Utilities | 2.29% | 0.00% | 37.83% | 84.63% |
| Basic Materials | 1.36% | 0.00% | 26.28% | 95.30% |
| Energy | 0.46% | 0.00% | 21.41% | 97.47% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | AZNAX % Rank | |
|---|---|---|---|---|
| US | 34.26% | 0.98% | 85.51% | 26.40% |
| Non US | 1.03% | 0.00% | 29.30% | 93.49% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | AZNAX % Rank | |
|---|---|---|---|---|
| Corporate | 92.02% | 0.00% | 100.00% | 3.07% |
| Cash & Equivalents | 7.98% | 0.00% | 100.00% | 54.97% |
| Derivative | 0.00% | 0.00% | 27.20% | 91.32% |
| Securitized | 0.00% | 0.00% | 48.95% | 96.93% |
| Municipal | 0.00% | 0.00% | 100.00% | 95.30% |
| Government | 0.00% | 0.00% | 91.51% | 98.73% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | AZNAX % Rank | |
|---|---|---|---|---|
| US | 27.77% | 0.00% | 85.41% | 89.87% |
| Non US | 1.14% | -11.82% | 173.71% | 92.41% |
AZNAX - Expenses
Operational Fees
| AZNAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.29% | 0.02% | 6.89% | 21.37% |
| Management Fee | 1.02% | 0.00% | 1.39% | 99.46% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 48.99% |
| Administrative Fee | 0.40% | 0.01% | 0.70% | 98.73% |
Sales Fees
| AZNAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.50% | 1.00% | 5.75% | 45.26% |
| Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
| AZNAX 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.
| AZNAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 93.00% | 0.00% | 369.00% | 80.30% |
AZNAX - Distributions
Dividend Yield Analysis
| AZNAX | Category Low | Category High | AZNAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 4.19% | 86.94% |
Dividend Distribution Analysis
| AZNAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Annually | Monthly | Annually |
Net Income Ratio Analysis
| AZNAX | Category Low | Category High | AZNAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.65% | -0.41% | 6.30% | 80.68% |
Capital Gain Distribution Analysis
| AZNAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Monthly | Annually | Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Mar 21, 2019 | $0.020 |
| Feb 21, 2019 | $0.017 |
| Jan 17, 2019 | $0.018 |
| Dec 20, 2018 | $0.018 |
| Nov 15, 2018 | $0.018 |
| Oct 18, 2018 | $0.018 |
| Sep 20, 2018 | $0.017 |
| Aug 16, 2018 | $0.057 |
| Jul 19, 2018 | $0.018 |
| Jun 21, 2018 | $0.017 |
| May 17, 2018 | $0.022 |
| Apr 19, 2018 | $0.020 |
| Mar 22, 2018 | $0.018 |
| Feb 22, 2018 | $0.022 |
| Dec 21, 2017 | $0.018 |
| Nov 16, 2017 | $0.022 |
| Oct 19, 2017 | $0.019 |
| Sep 21, 2017 | $0.034 |
| Aug 17, 2017 | $0.024 |
| Jul 20, 2017 | $0.039 |
| Mar 16, 2017 | $0.017 |
| Feb 16, 2017 | $0.026 |
| Jan 19, 2017 | $0.020 |
| Dec 22, 2016 | $0.028 |
| Nov 17, 2016 | $0.039 |
| Oct 20, 2016 | $0.016 |
| Sep 22, 2016 | $0.040 |
| Aug 18, 2016 | $0.088 |
| Jun 16, 2016 | $0.021 |
| May 19, 2016 | $0.088 |
| Feb 18, 2016 | $0.088 |
| Nov 19, 2015 | $0.088 |
| Jul 16, 2015 | $0.088 |
| Mar 19, 2015 | $0.088 |
| Dec 18, 2014 | $0.088 |
| Aug 21, 2014 | $0.088 |
| Apr 17, 2014 | $0.088 |
| Dec 19, 2013 | $0.088 |
| Aug 22, 2013 | $0.088 |
| Jun 20, 2013 | $0.088 |
| Mar 21, 2013 | $0.088 |
| Dec 20, 2012 | $0.088 |
| Sep 20, 2012 | $0.088 |
| Jun 21, 2012 | $0.088 |
| Apr 19, 2012 | $0.088 |
| Dec 22, 2011 | $0.088 |
| Dec 15, 2011 | $0.025 |
| Sep 22, 2011 | $0.087 |
| Aug 18, 2011 | $0.087 |
| Nov 18, 2010 | $0.087 |
| Aug 19, 2010 | $0.087 |
| May 20, 2010 | $0.087 |
| Feb 18, 2010 | $0.087 |
| Aug 20, 2009 | $0.087 |
| Jul 16, 2009 | $0.087 |
| May 21, 2009 | $0.087 |
| Apr 16, 2009 | $0.087 |
| Mar 19, 2009 | $0.087 |
| Feb 19, 2009 | $0.087 |
| Jan 22, 2009 | $0.087 |
| Dec 18, 2008 | $0.087 |
| Nov 20, 2008 | $0.087 |
| Oct 16, 2008 | $0.087 |
| Sep 18, 2008 | $0.087 |
| Aug 21, 2008 | $0.087 |
| Jul 17, 2008 | $0.087 |
| May 22, 2008 | $0.087 |
| Apr 17, 2008 | $0.087 |
| Mar 20, 2008 | $0.087 |
| Jan 24, 2008 | $0.087 |
| Dec 20, 2007 | $0.279 |
| Sep 20, 2007 | $0.014 |
| Jun 21, 2007 | $0.218 |
AZNAX - Fund Manager Analysis
Managers
Douglas Forsyth
Start Date
Tenure
Tenure Rank
Feb 28, 2007
13.68
13.7%
Mr. Forsyth is a portfolio manager, a managing director and CIO US Income and Growth Strategies with Allianz Global Investors, which he joined in 1994. He is the head of the firm’s Income and Growth Strategies team. Mr. Forsyth has portfolio management, trading and research responsibilities, and oversees all aspects of the Income and Growth platform’s business, including product development and implementation. He has been the lead portfolio manager for the firm’s US High Yield Bond strategy since its inception in 1994 and assumed lead portfolio management responsibility for the firm’s US Convertible strategy in 1998. Mr. Forsyth has been managing CLO portfolios since 2006 and has been the lead portfolio manager on the Income and Growth strategy since its inception in 2007. In addition to management responsibility for institutional clients worldwide, Mr. Forsyth supervises multiple open-end and closed-end mutual funds and provides oversight for the US Short Duration High Income strategy. He was previously an analyst at AEGON USA. He has a B.B.A. from The University of Iowa. Mr. Forsyth is a CFA charterholder.
Michael Yee
Start Date
Tenure
Tenure Rank
Feb 28, 2007
13.68
13.7%
Mr. Yee is a portfolio manager and a managing director with Allianz Global Investors, which he joined in 1995. He has portfolio management, research and trading responsibilities for the Income and Growth Strategies team. He is also a lead portfolio manager for the firm’s Income and Growth strategy since its inception in 2007. Mr. Yee is responsible for managing multiple closed-end and open-end mutual funds. He was previously an analyst for the Global and Systematic team with responsibilities focused on US large cap equity strategies. In addition, he also worked in global portfolio administration and in client service. Mr. Yee was previously a financial consultant for Priority One Financial/Liberty Foundation. He has a B.S. from the University of California, San Diego, and an M.B.A. from San Diego State University.
Justin Kass
Start Date
Tenure
Tenure Rank
Feb 28, 2007
13.68
13.7%
Justin Kass, CFA, is a portfolio manager and managing director with Allianz Global Investors, which he joined in 2000. He has portfolio management, research and trading responsibilities for the Income and Growth Strategies team. Prior to joining AGI Capital via a predecessor affiliate in 2000, Justin had interned on the team, adding significant depth to our proprietary Upgrade Alert Model. Other experience includes Universal Studios; Ocean Realty; and the Center for Cooperatives. He has more than 22 years of investment industry experience. Mr. Kass has a B.S. from the University of California, Davis, and an M.B.A. from the UCLA Anderson School of Management. He is a CFA charterholder.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.03 | 27.15 | 5.86 | 0.83 |