AGFAX: Virtus AllianzGI Global Dynamic Allocation Fund - MutualFunds.com
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AllianzGI Global Dynamic Allocation Adm

AGFAX - Snapshot

Vitals

  • YTD Return 13.8%
  • 3 Yr Annualized Return 11.7%
  • 5 Yr Annualized Return 9.8%
  • Net Assets $55.4 M
  • Holdings in Top 10 13.8%

52 WEEK LOW AND HIGH

$17.73
$15.30
$20.67

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.89%

SALES FEES

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

BROKERAGE FEES

  • Turnover 221.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification


Compare AGFAX to Popular Tactical Allocation Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$13.28

+0.23%

$17.15 B

7.99%

$1.06

7.10%

1.19%

$12.56

+0.32%

$4.35 B

0.80%

$0.10

8.65%

0.81%

$17.26

+0.23%

$3.51 B

1.34%

$0.23

4.16%

0.96%

$8.79

+0.46%

$3.29 B

9.93%

$0.87

6.29%

2.99%

$10.59

+0.28%

$2.75 B

-

$0.00

8.28%

1.17%

AGFAX - Profile

Distributions

  • YTD Total Return 13.8%
  • 3 Yr Annualized Total Return 11.7%
  • 5 Yr Annualized Total Return 9.8%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.18%
DIVIDENDS
  • Dividend Yield 9.9%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Virtus AllianzGI Global Dynamic Allocation Fund
  • Fund Family Name
    Allianz Funds
  • Inception Date
    Apr 27, 2009
  • Shares Outstanding
    1799
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Claudio Marsala

Fund Description

The fund seeks to achieve its investment objective through a combination of active allocation between asset classes and actively managed strategies within those asset classes. It allocates the fund's investments among asset classes in response to changing market, economic, and political factors and events that the portfolio managers responsible for allocation believe may affect the value of the fund's investments.


AGFAX - Performance

Return Ranking - Trailing

Period AGFAX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.8% -8.9% 31.9% 17.16%
1 Yr 33.4% -0.9% 91.0% 15.65%
3 Yr 11.7%* -0.4% 28.5% 12.90%
5 Yr 9.8%* 1.5% 29.0% 23.79%
10 Yr 6.5%* -1.1% 12.4% 35.38%

* Annualized

Return Ranking - Calendar

Period AGFAX Return Category Return Low Category Return High Rank in Category (%)
2020 -15.7% -17.2% 52.8% 98.83%
2019 5.3% -11.4% 27.3% 83.20%
2018 -13.9% -29.6% 1.6% 71.86%
2017 11.2% -11.6% 29.4% 40.83%
2016 2.3% -14.9% 16.0% 63.18%

Total Return Ranking - Trailing

Period AGFAX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.8% -8.9% 31.9% 17.16%
1 Yr 33.4% -5.1% 91.0% 14.89%
3 Yr 11.7%* -2.4% 28.5% 12.90%
5 Yr 9.8%* 0.6% 29.0% 22.03%
10 Yr 6.5%* -1.1% 12.4% 34.62%

* Annualized

Total Return Ranking - Calendar

Period AGFAX Return Category Return Low Category Return High Rank in Category (%)
2020 -15.7% -17.2% 52.8% 98.83%
2019 5.3% -11.4% 27.3% 83.20%
2018 -9.7% -29.6% 1.6% 67.53%
2017 16.7% -5.4% 29.4% 16.06%
2016 2.3% -14.9% 19.7% 81.59%

NAV & Total Return History


AGFAX - Holdings

Concentration Analysis

AGFAX Category Low Category High AGFAX % Rank
Net Assets 55.4 M 2.2 M 17.1 B 68.89%
Number of Holdings 1095 2 1829 6.67%
Net Assets in Top 10 7.67 M -40.3 M 10.3 B 89.26%
Weighting of Top 10 13.83% 11.6% 100.0% 99.18%

Top 10 Holdings

  1. E-MINI RUSS 1000 VMAR21 XCME 20210319 11.55%
  2. E-MINI RUSS 1000 VMAR21 XCME 20210319 11.55%
  3. E-MINI RUSS 1000 VMAR21 XCME 20210319 11.55%
  4. E-MINI RUSS 1000 VMAR21 XCME 20210319 11.55%
  5. E-MINI RUSS 1000 VMAR21 XCME 20210319 11.55%
  6. E-MINI RUSS 1000 VMAR21 XCME 20210319 11.55%
  7. E-MINI RUSS 1000 VMAR21 XCME 20210319 11.55%
  8. E-MINI RUSS 1000 VMAR21 XCME 20210319 11.55%
  9. E-MINI RUSS 1000 VMAR21 XCME 20210319 11.55%
  10. E-MINI RUSS 1000 VMAR21 XCME 20210319 11.55%

Asset Allocation

Weighting Return Low Return High AGFAX % Rank
Stocks
67.66% 0.00% 199.20% 49.63%
Bonds
21.67% 0.00% 357.85% 47.04%
Cash
10.00% -332.35% 82.30% 28.15%
Convertible Bonds
0.37% 0.00% 11.80% 31.48%
Preferred Stocks
0.20% 0.00% 18.08% 15.19%
Other
0.09% -30.29% 39.80% 50.74%

Stock Sector Breakdown

Weighting Return Low Return High AGFAX % Rank
Technology
17.75% 0.00% 54.93% 49.41%
Industrials
16.84% 0.00% 22.90% 7.91%
Consumer Cyclical
15.14% 0.00% 31.11% 20.95%
Financial Services
13.13% 0.00% 95.56% 62.06%
Healthcare
10.64% 0.00% 35.97% 56.13%
Communication Services
7.78% 0.00% 21.86% 59.29%
Real Estate
6.17% 0.00% 79.35% 30.83%
Consumer Defense
5.00% 0.00% 22.24% 66.01%
Basic Materials
4.50% 0.00% 50.63% 49.41%
Utilities
1.58% 0.00% 91.16% 81.03%
Energy
1.47% 0.00% 27.37% 79.45%

Stock Geographic Breakdown

Weighting Return Low Return High AGFAX % Rank
Non US
35.32% 0.00% 64.94% 11.85%
US
32.34% 0.00% 197.43% 60.00%

Bond Sector Breakdown

Weighting Return Low Return High AGFAX % Rank
Corporate
65.54% 0.00% 100.00% 8.52%
Cash & Equivalents
30.40% 0.00% 100.00% 48.52%
Government
3.41% 0.00% 96.28% 68.52%
Derivative
0.66% 0.00% 67.35% 33.70%
Securitized
0.00% 0.00% 62.95% 90.37%
Municipal
0.00% 0.00% 12.24% 89.26%

Bond Geographic Breakdown

Weighting Return Low Return High AGFAX % Rank
US
18.95% -29.94% 206.07% 37.78%
Non US
2.72% -20.95% 151.78% 50.74%

AGFAX - Expenses

Operational Fees

AGFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.89% 0.42% 4.19% 82.33%
Management Fee 0.70% 0.00% 1.50% 38.81%
12b-1 Fee 0.25% 0.00% 1.00% 64.29%
Administrative Fee N/A 0.05% 0.70% 75.00%

Sales Fees

AGFAX 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% 5.00% N/A

Trading Fees

AGFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

AGFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 221.00% 1.00% 465.00% 78.08%

AGFAX - Distributions

Dividend Yield Analysis

AGFAX Category Low Category High AGFAX % Rank
Dividend Yield 9.90% 0.00% 1.13% 85.93%

Dividend Distribution Analysis

AGFAX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

AGFAX Category Low Category High AGFAX % Rank
Net Income Ratio 1.18% -73.00% 9.24% 28.95%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

AGFAX - Fund Manager Analysis

Managers

Claudio Marsala


Start Date

Tenure

Tenure Rank

Jan 01, 2015

6.5

6.5%

Claudio Marsala is Head of Multi Asset US and a Director with Allianz Global Investors, which he joined in 2001. 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 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.

Paul Pietranico


Start Date

Tenure

Tenure Rank

Oct 01, 2016

4.75

4.8%

Paul is a Director of Allianz Global Investors Multi Asset US and is Lead Portfolio Manager of the Active Allocation Strategies Team, which he joined in 2005. Paul has investment-industry experience since 1995. He previously worked at Charles Schwab & Co., focusing on research related to asset allocation, portfolio optimization, retirement planning and investment-manager due diligence. Paul has a B.S. in physics, a master’s degree. in philosophy of science, and a master’s degree in engineering economic systems and operations research from Stanford University. He is a CFA charterholder.

Michael Heldmann


Start Date

Tenure

Tenure Rank

Oct 01, 2016

4.75

4.8%

Mr. Heldmann is a senior portfolio manager, a director and Head of Best Styles North America with Allianz Global Investors, which he joined in 2007. He is responsible for developing the Best Styles US Equity team while building on its research capabilities. Mr. Heldmann previously managed Best Styles Emerging Markets and Best Styles Europe Equity products. Before joining the firm, Mr. Heldmann worked for the international laboratory CERN in Geneva, Switzerland, as a particle physics researcher. He has a master’s degree in physics from the University of Mainz, Germany, and a Ph.D. from the University of Freiburg, Germany. Mr. Heldmann is a CFA charterholder.

Carl Pappo


Start Date

Tenure

Tenure Rank

Sep 01, 2019

1.83

1.8%

Mr. Pappo is CIO US Fixed Income and a managing director with Allianz Global Investors, which he joined in 2017. As the leader of the US Fixed Income team, his responsibilities include chairing the core strategy team (which sets portfolio risk allocations) and acting as lead portfolio manager for a number of strategies. Mr. Pappo previously worked at Columbia Threadneedle Investments, where he was head of the core fixed-income team; earlier at the firm, he led the credit team and the investment grade research team. Before that, Mr. Pappo worked at Fleet Investment Advisors where he managed taxable fixed-income funds and institutional portfolios. He began his career as a corporate bond trader. Mr. Pappo has a B.S. in accounting from Babson College. He is a CFA charterholder.

Mikhail Krayzler


Start Date

Tenure

Tenure Rank

Dec 23, 2020

0.52

0.5%

Dr. Mikhail Krayzler is a portfolio manager for Allianz Volatility Strategy Fund and a director within the Multi Asset US team at Allianz Global Investors. In his current role, Mikhail is primarily responsible for developing investment strategies in the liquid alternative space as well as in the asset life area. Mikhail has a longstanding experience in derivatives and quantitative finance both in industry and academia. In his PhD Thesis in mathematical finance he was working on exotic option pricing models. Furthermore, Mikhail holds a M.Sc. in “Finance and Information Management” from the TU Munich and University of Augsburg as well as a B.Sc. in “Applied Mathematics and Informatics” from the Technical University of Nizhny Novgorod. Mikhail authored several publications in renowned professional and academic journals and is a frequent speaker at conferences and seminars on risk and investment management topics. In 2012 Mikhail was awarded the 1st Gauss-prize of the German Society of Actuaries and the German Association for Insurance and Financial Mathematics for his work on Variable Annuities.

Thorsten Winkelmann


Start Date

Tenure

Tenure Rank

Dec 23, 2020

0.52

0.5%

Thorsten Winkelmann is a Senior Portfolio Manager and a Managing Director with AllianzGI, which he joined in 2001. As a member of the European Equities team, he is Leader of the Growth Investment Style team and the Lead Portfolio Manager of the Europe Equity Growth strategies. Mr. Winkelmann was previously a Portfolio Manager with the European Equity Core team and the Multi-Asset team, where he was responsible for managing the equity portions of European balanced products. He still manages the equity portions of Kapital Plus, one of AllianzGI’s flagship products, and Azioni. Mr. Winkelmann has a Master’s degree in Economics from the University of Bonn.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 32.91 5.4 4.15