AZUIX: AllianzGI US Equity-Hedged Instl

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AZUIX AllianzGI US Equity-Hedged Instl

  • Fund
  • AZUIX
  • Price as of: Oct 15, 2019
  • $18.25 + $0.13 + 0.72%

AZUIX - Profile

Vitals

  • YTD Return 12.7%
  • 3 Yr Annualized Return 4.4%
  • 5 Yr Annualized Return 1.9%
  • Net Assets $2.25 M
  • Holdings in Top 10 100.1%

52 WEEK LOW AND HIGH

$18.25
$16.01
$18.51

Expenses

OPERATING RELATED FEES

  • Expense Ratio 7.10%

SALES FEES

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

BROKERAGE FEES

  • Turnover 21.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000,000

IRA

$1,000,000

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Options-based

Distributions

  • YTD Total Return 12.7%
  • 3 Yr Annualized Total Return 7.6%
  • 5 Yr Annualized Total Return 5.5%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 0.86%
DIVIDENDS
  • Dividend Yield 0.8%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name AllianzGI U.S. Equity-Hedged Fund
  • Fund Family Name Allianz Funds
  • Inception Date Dec 03, 2012
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Greg P. Tournant

Fund Description

The fund normally invests at least 80% of its net assets (plus borrowings made for investment purposes) in common stocks of U.S. companies. The fund may gain exposure to such stocks directly or indirectly. The manager currently defines "U.S. companies" as those companies that are deemed to be United States companies for purposes of their geographical eligibility for inclusion in the S&P 500 Index, a broad-based index of U.S. stocks.

AZUIX - Performance

Return Ranking - Trailing

Period AZUIX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.7% -22.2% 50.4% 24.64%
1 Yr -2.1% -45.0% 12.8% 42.43%
3 Yr 4.4%* -18.0% 26.7% 35.17%
5 Yr 1.9%* -25.6% 23.6% 39.73%
10 Yr N/A* -5.8% 26.9% N/A

* Annualized


Return Ranking - Calendar

Period AZUIX Return Category Return Low Category Return High Rank in Category (%)
2018 -12.7% -35.0% 4.6% 44.52%
2017 12.3% -25.3% 49.9% 23.79%
2016 4.6% -22.0% 47.9% 67.05%
2015 -8.3% -65.1% 127.1% 52.78%
2014 -0.6% -12.0% 31.7% 75.88%

Total Return Ranking - Trailing

Period AZUIX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.7% -22.2% 50.4% 25.22%
1 Yr 4.8% -33.4% 12.8% 12.46%
3 Yr 7.6%* -18.0% 26.7% 20.00%
5 Yr 5.5%* -24.6% 23.6% 21.46%
10 Yr N/A* -5.8% 26.9% N/A

* Annualized


Total Return Ranking - Calendar

Period AZUIX Return Category Return Low Category Return High Rank in Category (%)
2018 -6.5% -31.5% 8.2% 24.84%
2017 13.5% -25.3% 49.9% 32.07%
2016 5.8% -22.0% 65.5% 65.12%
2015 -4.8% -65.1% 127.1% 45.83%
2014 8.3% -8.8% 31.7% 18.24%

NAV & Total Return History

AZUIX - Holdings

Concentration Analysis

AZUIX Category Low Category High AZUIX % Rank
Net Assets 2.25 M 1.07 M 8.01 B 98.32%
Number of Holdings 13 6 2019 91.92%
Net Assets in Top 10 2.29 M -877 M 2.4 B 92.48%
Weighting of Top 10 100.12% 10.8% 461.9% 14.76%

Top 10 Holdings

  1. SPDR® S&P 500 ETF 97.76%

  2. S+p 500 Index Jun20 2575 Put 0.72%

  3. S+p 500 Index Flex Jul20 2625 Put 0.43%

  4. S+p 500 Index Flex Aug20 2450 Put 0.32%

  5. S+p 500 Mini Index Apr20 2550 Put 0.27%

  6. S+p 500 Index Flex May20 2500 Put 0.27%

  7. S+p 500 Index Mar20 2450 Put 0.18%

  8. S+p 500 Index Sep19 2990 Call 0.13%

  9. S+p 500 Index Sep19 3035 Call 0.05%

  10. S+p 500 Index Sep19 2575 Put 0.01%


Asset Allocation

Weighting Return Low Return High AZUIX % Rank
Stocks
99.61% 80.39% 259.25% 28.41%
Cash
0.39% -39.89% 36.18% 69.64%
Preferred Stocks
0.00% -5.47% 7.20% 84.40%
Other
0.00% -47.42% 39.52% 74.37%
Convertible Bonds
0.00% -0.03% 3.03% 85.52%
Bonds
0.00% -234.98% 40.78% 79.94%

Stock Sector Breakdown

Weighting Return Low Return High AZUIX % Rank
Technology
22.83% 0.00% 60.24% 21.41%
Financial Services
15.32% 0.00% 91.88% 30.42%
Healthcare
13.47% 0.00% 28.15% 21.97%
Consumer Cyclical
11.64% 0.00% 31.33% 39.72%
Industrials
9.99% -7.48% 48.09% 32.39%
Consumer Defense
7.91% -12.43% 30.80% 28.45%
Energy
4.31% -0.45% 152.81% 59.44%
Utilities
3.39% -10.13% 35.22% 39.72%
Communication Services
3.25% -0.85% 11.49% 25.63%
Real Estate
3.18% -2.38% 84.46% 27.32%
Basic Materials
2.31% -1.05% 15.55% 38.31%

Stock Geographic Breakdown

Weighting Return Low Return High AZUIX % Rank
US
98.64% 80.26% 151.48% 28.97%
Non US
0.97% -2.30% 159.65% 57.38%

AZUIX - Expenses

Operational Fees

AZUIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 7.10% -2.86% 37.17% 3.49%
Management Fee 0.70% 0.00% 2.64% 17.83%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.05% 0.45% 45.45%

Sales Fees

AZUIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.75% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

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

AZUIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 21.00% 0.00% 5155.00% 18.98%

AZUIX - Distributions

Dividend Yield Analysis

AZUIX Category Low Category High AZUIX % Rank
Dividend Yield 0.81% 0.00% 79.01% 46.24%

Dividend Distribution Analysis

AZUIX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

AZUIX Category Low Category High AZUIX % Rank
Net Income Ratio 0.86% -7.28% 9.57% 25.58%

Capital Gain Distribution Analysis

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

AZUIX - Managers

Greg P. Tournant

Manager

Start Date

Tenure

Tenure Rank

Dec 03, 2012

6.83

6.8%

Mr. Tournant is a lead portfolio manager, a managing director and CIO US Structured Products with Allianz Global Investors, which he joined in 2002. He is also head of the Structured Products team. From 2007-2008 he served as co-CIO at Innovative Options Management where he worked with the team in a sub-advisory capacity. Before that, Mr. Tournant worked at Eagle Asset Management, McKinsey & Co. and Raymond James. He has a B.S. from Trinity University and an M.B.A. from the Kellogg School of Business at Northwestern University.


Stephen G. Bond-Nelson

Manager

Start Date

Tenure

Tenure Rank

Dec 03, 2012

6.83

6.8%

Mr. Bond-Nelson is a portfolio manager and director with Allianz Global Investors, which he joined in 1999. He has portfolio-management and research responsibilities for the Structured Products team. He has a B.S. from Lehigh University and an M.B.A. from Rutgers University.


Trevor Taylor

Manager

Start Date

Tenure

Tenure Rank

Dec 03, 2012

6.83

6.8%

Mr. Taylor is a portfolio manager and a managing director with Allianz Global Investors, which he joined in 2008. He has portfolio-management and research responsibilities for the Structured Products team. He was previously co-CIO at Innovative Options Management, where he managed an equity-index option-based hedge fund and option programs on several open-end mutual funds. Before that, he was CIO at TLT Atlantic Asset Management and TLT Capital Corp. Mr. Taylor has a B.A. from the University of Florida.


Tenure Analysis

Category Low

0.34

Category High

41.28

Category Average

5.7

Category Mode

9.51