RAGTX: AllianzGI Technology A

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RAGTX AllianzGI Technology A


Profile

RAGTX - Profile

Vitals

  • YTD Return 28.5%
  • 3 Yr Annualized Return 3.2%
  • 5 Yr Annualized Return 3.5%
  • Net Assets $1.88 B
  • Holdings in Top 10 47.5%

52 WEEK LOW AND HIGH

$70.35
$43.63
$73.70

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.56%

SALES FEES

  • Front Load 5.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 109.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $1,000

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Technology

Distributions

  • YTD Total Return 28.5%
  • 3 Yr Annualized Total Return 3.2%
  • 5 Yr Annualized Total Return 3.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.05%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    AllianzGI Technology Fund
  • Fund Family Name
    Allianz Funds
  • Inception Date
    Feb 05, 2002
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Walter Price

Fund Description

The fund seeks to achieve its objective by normally investing at least 80% of its net assets (plus borrowings made for investment purposes) in common stocks and other equity securities of technology companies and in derivatives and other synthetic instruments that have economic characteristics similar to equity securities of technology companies. It is non-diversified.


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Categories

Performance

RAGTX - Performance

Return Ranking - Trailing

Period RAGTX Return Category Return Low Category Return High Rank in Category (%)
YTD 28.5% -17.1% 58.0% 18.44%
1 Yr 4.9% -19.5% 59.2% 88.07%
3 Yr 3.2%* -25.7% 32.0% 86.25%
5 Yr 3.5%* -16.5% 24.3% 90.28%
10 Yr 6.3%* -1.7% 19.5% 88.99%

* Annualized

Return Ranking - Calendar

Period RAGTX Return Category Return Low Category Return High Rank in Category (%)
2019 6.9% -3.0% 62.7% 94.80%
2018 -16.4% -49.7% 4.3% 59.51%
2017 24.3% -17.3% 55.5% 71.24%
2016 -1.1% -17.1% 32.1% 84.03%
2015 -10.1% -17.6% 11.6% 92.36%

Total Return Ranking - Trailing

Period RAGTX Return Category Return Low Category Return High Rank in Category (%)
YTD 28.5% -17.1% 58.0% 18.44%
1 Yr 4.9% -19.5% 59.2% 88.07%
3 Yr 3.2%* -25.7% 36.3% 91.25%
5 Yr 3.5%* -16.5% 31.2% 94.44%
10 Yr 6.3%* -1.7% 23.8% 90.83%

* Annualized

Total Return Ranking - Calendar

Period RAGTX Return Category Return Low Category Return High Rank in Category (%)
2019 6.9% -3.0% 62.7% 94.80%
2018 -16.4% -49.7% 5.1% 70.55%
2017 24.3% -17.3% 55.5% 79.74%
2016 -1.1% -17.1% 32.8% 91.67%
2015 -10.1% -13.9% 83.1% 95.14%

NAV & Total Return History


Holdings

RAGTX - Holdings

Concentration Analysis

RAGTX Category Low Category High RAGTX % Rank
Net Assets 1.88 B 75.8 K 36.9 B 26.84%
Number of Holdings 158 22 388 3.68%
Net Assets in Top 10 840 M 33.5 K 19.7 B 23.16%
Weighting of Top 10 47.49% 17.0% 88.1% 57.89%

Top 10 Holdings

  1. Microsoft Corp 8.84%
  2. Facebook Inc A 6.49%
  3. Amazon.com Inc 5.95%
  4. Apple Inc 4.96%
  5. Alphabet Inc Class C 4.41%
  6. Okta Inc A 3.72%
  7. CrowdStrike Holdings Inc Class A 3.19%
  8. RingCentral Inc Class A 2.84%
  9. Zscaler Inc 2.83%
  10. Atlassian Corporation PLC A 2.78%

Asset Allocation

Weighting Return Low Return High RAGTX % Rank
Stocks
92.25% 66.31% 100.12% 93.16%
Cash
7.75% -0.12% 33.69% 5.79%
Preferred Stocks
0.00% 0.00% 0.70% 12.63%
Other
0.00% -2.95% 11.17% 14.21%
Convertible Bonds
0.00% 0.00% 0.09% 7.89%
Bonds
0.00% 0.00% 1.50% 15.79%

Stock Sector Breakdown

Weighting Return Low Return High RAGTX % Rank
Technology
65.31% 27.29% 99.18% 38.95%
Communication Services
21.45% 0.00% 39.87% 14.21%
Consumer Cyclical
5.91% 0.00% 31.80% 60.00%
Financial Services
5.11% 0.00% 42.12% 45.79%
Industrials
1.29% 0.00% 48.39% 50.00%
Healthcare
0.91% 0.00% 33.60% 55.79%
Utilities
0.00% 0.00% 5.23% 5.79%
Real Estate
0.00% 0.00% 10.71% 50.53%
Energy
0.00% 0.00% 0.83% 11.05%
Consumer Defense
0.00% 0.00% 10.34% 23.16%
Basic Materials
0.00% 0.00% 3.58% 15.26%

Stock Geographic Breakdown

Weighting Return Low Return High RAGTX % Rank
US
87.64% 37.80% 98.68% 40.53%
Non US
4.61% 0.56% 59.72% 94.21%

Expenses

RAGTX - Expenses

Operational Fees

RAGTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.56% 0.10% 26.92% 37.50%
Management Fee 1.29% 0.00% 1.95% 96.30%
12b-1 Fee 0.25% 0.00% 1.00% 27.03%
Administrative Fee 0.40% 0.04% 0.50% 87.76%

Sales Fees

RAGTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.50% 2.50% 5.75% 61.76%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

RAGTX 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.

RAGTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 109.00% 0.00% 732.00% 81.25%

Distributions

RAGTX - Distributions

Dividend Yield Analysis

RAGTX Category Low Category High RAGTX % Rank
Dividend Yield 0.00% 0.00% 8.31% 6.32%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

RAGTX Category Low Category High RAGTX % Rank
Net Income Ratio -1.05% -2.08% 1.95% 85.23%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

RAGTX - Fund Manager Analysis

Managers

Walter Price


Start Date

Tenure

Tenure Rank

Dec 27, 1995

24.53

24.5%

Mr. Price is a senior portfolio manager and managing director with Allianz Global Investors, which he joined in 1974. He is co-lead portfolio manager of the Global Technology strategy. He previously worked for Colonial Management, an investment advisory firm in Boston, where he became a senior analyst responsible for the chemical industry and the technology area.

Huachen Chen


Start Date

Tenure

Tenure Rank

Dec 27, 1995

24.53

24.5%

Mr. Chen is a senior portfolio manager and a managing director with Allianz Global Investors, which he joined in 1984. He is co-lead portfolio manager of the Global Technology strategy. Mr. Chen previously worked for IBM and Intel Corporation, where he had responsibilities for semiconductor process engineering. Mr. Chen has a B.S. in materials science and engineering from Cornell University, an M.S. in materials science and engineering from Northwestern University and an M.B.A. from the University of California, Berkeley. He is a CFA charterholder.

Michael Seidenberg


Start Date

Tenure

Tenure Rank

Aug 28, 2018

1.84

1.8%

Mr. Seidenberg is a portfolio manager, an analyst and a director with Allianz Global Investors, which he joined in 2009. He is a member of the Global Technology team in the US. Before joining the firm, he worked at a number of hedge funds, including Pequot Capital and Andor Capital. Before that, Mr. Seidenberg covered a range of technology sectors at Citadel Investment Group. He has also worked in the software industry and at Oracle Corporation, and was previously at Roche Laboratories in pharmaceutical and biotechnology sales. Mr. Seidenberg has a B.S. in business administration from the University of Colorado and an M.B.A. with concentrations in finance and accounting from Columbia Business School.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 30.52 6.94 0.21