AllianzGI Multi Asset Income Inst
Name
As of 12/14/2020Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-5.1%
1 yr return
2.3%
3 Yr Avg Return
3.5%
5 Yr Avg Return
5.4%
Net Assets
$47.6 M
Holdings in Top 10
75.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.15%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 427.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/14/2020Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
AVRNX - Profile
Distributions
- YTD Total Return -5.1%
- 3 Yr Annualized Total Return 3.5%
- 5 Yr Annualized Total Return 5.4%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 5.88%
- Dividend Yield 6.4%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameAllianzGI Multi Asset Income Fund
-
Fund Family NameAllianz Funds
-
Inception DateFeb 01, 2018
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerPaul Pietranico
Fund Description
AVRNX - Performance
Return Ranking - Trailing
Period | AVRNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -5.1% | -20.8% | 11.8% | 98.36% |
1 Yr | 2.3% | -12.2% | 12.6% | 91.06% |
3 Yr | 3.5%* | 0.5% | 7.9% | 84.43% |
5 Yr | 5.4%* | 1.4% | 8.5% | 57.89% |
10 Yr | 4.6%* | 2.2% | 7.0% | 63.93% |
* Annualized
Return Ranking - Calendar
Period | AVRNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 9.9% | -1.1% | 13.9% | 22.97% |
2022 | N/A | -13.1% | 0.1% | N/A |
2021 | N/A | -12.3% | 10.3% | N/A |
2020 | N/A | -74.7% | 5.6% | N/A |
2019 | N/A | -9.3% | 1.1% | N/A |
Total Return Ranking - Trailing
Period | AVRNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -5.1% | -20.8% | 11.8% | 98.36% |
1 Yr | 2.3% | -12.2% | 12.6% | 85.09% |
3 Yr | 3.5%* | -0.4% | 7.9% | 80.51% |
5 Yr | 5.4%* | 0.8% | 8.5% | 50.00% |
10 Yr | 4.6%* | 2.2% | 7.0% | 60.83% |
* Annualized
Total Return Ranking - Calendar
Period | AVRNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 11.0% | -1.1% | 13.9% | 17.70% |
2022 | N/A | -12.9% | 0.7% | N/A |
2021 | N/A | -12.3% | 12.7% | N/A |
2020 | N/A | -2.2% | 8.9% | N/A |
2019 | N/A | -8.0% | 1.1% | N/A |
NAV & Total Return History
AVRNX - Holdings
Concentration Analysis
AVRNX | Category Low | Category High | AVRNX % Rank | |
---|---|---|---|---|
Net Assets | 47.6 M | 122 K | 18.1 B | 65.56% |
Number of Holdings | 55 | 1 | 1478 | 22.10% |
Net Assets in Top 10 | 34.4 M | 98.6 K | 17.9 B | 62.92% |
Weighting of Top 10 | 75.14% | 4.9% | 100.0% | 75.89% |
Top 10 Holdings
- Us 5yr Note (Cbt) Sep20 Xcbt 20200930 17.30%
- Us 5yr Note (Cbt) Sep20 Xcbt 20200930 17.30%
- Us 5yr Note (Cbt) Sep20 Xcbt 20200930 17.30%
- Us 5yr Note (Cbt) Sep20 Xcbt 20200930 17.30%
- Us 5yr Note (Cbt) Sep20 Xcbt 20200930 17.30%
- Us 5yr Note (Cbt) Sep20 Xcbt 20200930 17.30%
- Us 5yr Note (Cbt) Sep20 Xcbt 20200930 17.30%
- Us 5yr Note (Cbt) Sep20 Xcbt 20200930 17.30%
- Us 5yr Note (Cbt) Sep20 Xcbt 20200930 17.30%
- Us 5yr Note (Cbt) Sep20 Xcbt 20200930 17.30%
Asset Allocation
Weighting | Return Low | Return High | AVRNX % Rank | |
---|---|---|---|---|
Bonds | 63.28% | 0.00% | 184.99% | 54.31% |
Stocks | 25.14% | 0.00% | 48.54% | 51.69% |
Cash | 6.92% | -109.81% | 100.00% | 47.19% |
Preferred Stocks | 2.29% | 0.00% | 33.72% | 7.87% |
Convertible Bonds | 1.52% | 0.00% | 6.48% | 15.36% |
Other | 0.84% | -0.20% | 67.05% | 18.73% |
Stock Sector Breakdown
Weighting | Return Low | Return High | AVRNX % Rank | |
---|---|---|---|---|
Real Estate | 39.68% | 1.69% | 39.68% | 3.47% |
Energy | 21.57% | 1.39% | 21.57% | 3.47% |
Financial Services | 7.15% | 7.15% | 17.89% | 100.00% |
Technology | 6.86% | 5.91% | 26.38% | 97.03% |
Communication Services | 4.90% | 4.90% | 10.68% | 100.00% |
Healthcare | 4.47% | 4.47% | 15.73% | 100.00% |
Consumer Cyclical | 4.32% | 4.32% | 14.81% | 100.00% |
Industrials | 4.04% | 4.04% | 14.64% | 100.00% |
Consumer Defense | 2.80% | 2.80% | 10.62% | 100.00% |
Basic Materials | 2.53% | 1.75% | 7.01% | 96.04% |
Utilities | 1.67% | 0.80% | 9.12% | 99.50% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | AVRNX % Rank | |
---|---|---|---|---|
US | 18.39% | 0.00% | 33.76% | 39.70% |
Non US | 6.75% | 0.00% | 18.00% | 62.55% |
Bond Sector Breakdown
Weighting | Return Low | Return High | AVRNX % Rank | |
---|---|---|---|---|
Corporate | 55.37% | 0.00% | 99.97% | 12.73% |
Government | 25.94% | 0.00% | 99.90% | 56.55% |
Cash & Equivalents | 10.79% | 0.00% | 100.00% | 54.31% |
Municipal | 5.37% | 0.00% | 100.00% | 11.61% |
Derivative | 2.45% | 0.00% | 11.84% | 14.61% |
Securitized | 0.08% | 0.00% | 88.98% | 72.66% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | AVRNX % Rank | |
---|---|---|---|---|
US | 44.80% | 0.00% | 184.99% | 87.64% |
Non US | 18.48% | 0.00% | 33.34% | 7.12% |
AVRNX - Expenses
Operational Fees
AVRNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.15% | 0.02% | 22.41% | 82.61% |
Management Fee | 0.05% | 0.00% | 1.08% | 37.20% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.30% | N/A |
Sales Fees
AVRNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.75% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
AVRNX 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.
AVRNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 427.00% | 0.00% | 427.00% | 100.00% |
AVRNX - Distributions
Dividend Yield Analysis
AVRNX | Category Low | Category High | AVRNX % Rank | |
---|---|---|---|---|
Dividend Yield | 6.39% | 0.00% | 2.43% | 100.00% |
Dividend Distribution Analysis
AVRNX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Quarterly | Annually |
Net Income Ratio Analysis
AVRNX | Category Low | Category High | AVRNX % Rank | |
---|---|---|---|---|
Net Income Ratio | 5.88% | -0.07% | 5.97% | 0.88% |
Capital Gain Distribution Analysis
AVRNX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 21, 2019 | $0.083 | |
Feb 21, 2019 | $0.083 | |
Jan 17, 2019 | $0.082 | |
Dec 27, 2018 | $0.115 | |
Nov 15, 2018 | $0.072 | |
Oct 18, 2018 | $0.081 | |
Sep 20, 2018 | $0.073 | |
Aug 16, 2018 | $0.071 | |
Jul 19, 2018 | $0.071 | |
Jun 21, 2018 | $0.071 | |
May 17, 2018 | $0.071 | |
Apr 19, 2018 | $0.071 | |
Mar 22, 2018 | $0.074 | |
Feb 22, 2018 | $0.072 |
AVRNX - Fund Manager Analysis
Managers
Paul Pietranico
Start Date
Tenure
Tenure Rank
Dec 29, 2008
11.93
11.9%
Mr. Pietranico is a portfolio manager and a director with Allianz Global Investors, which he joined in 2005. As a member of the Multi Asset US team, he is a portfolio manager for the target-date portfolios, as well as for other asset-allocation portfolios, including 529 college-savings plans. Mr. Pietranico previously worked at Charles Schwab & Co., focusing on research related to portfolio simulation, optimization and construction; 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
5.92
5.9%
Claudio Marsala is Head of Multi Asset US , a portfolio manager and a director with Allianz Global Investors, which he joined in 2001. As Head of Multi Asset US he manages multi-asset mandates for retail and institutional clients. Claudio 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. Claudio Marsala has worked in the of investment-industry since 2001. He has a 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
4.17
4.2%
Alistair Bates is a vice president and a portfolio manager with Allianz Global Investors, which he joined in 2007. As a member of the Retail Unit Linked team in Frankfurt, he manages multi-asset portfolios for insurance-related retail products. He has expertise in asset allocation, volatility targeting strategies and factor investing. Additionally, he works to enhance the multi-asset team’s technological capabilities through his work in the Multi-Asset Global Investment Engineering group. He was previously a Portfolio Manager and Analyst with the Allianz Global Investors Multi Asset US team in New York, where he had responsibility for target-date portfolios and institutional pension funds. Mr. Bates has a B.A. in economics and political science from the University of California, San Diego (UCSD). He is a CFA charter holder.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 16.09 | 5.0 | 11.26 |