AOBSX: AllianzGI Core Bond R6

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AOBSX AllianzGI Core Bond R6


Profile

AOBSX - Profile

Vitals

  • YTD Return 2.6%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $34.2 M
  • Holdings in Top 10 41.8%

52 WEEK LOW AND HIGH

$15.53
$15.09
$16.14

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.47%

SALES FEES

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

BROKERAGE FEES

  • Turnover 305.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 2.6%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.83%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    AllianzGI Core Bond Fund
  • Fund Family Name
    Allianz Funds
  • Inception Date
    May 30, 2018
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Stephen Sheehan

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 bonds, notes and other debt instruments, including derivatives that provide exposure to such investments. It may invest up to 10% of its net assets in debt instruments that, at the time of purchase, are rated below investment grade, or if unrated, determined by the manager to be of comparable quality.


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Categories

Performance

AOBSX - Performance

Return Ranking - Trailing

Period AOBSX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.6% -1.8% 10.5% 20.42%
1 Yr 2.6% -2.5% 25.4% 81.34%
3 Yr N/A* -2.8% 5.8% N/A
5 Yr N/A* -2.7% 12.4% N/A
10 Yr N/A* -5.1% 3.9% N/A

* Annualized

Return Ranking - Calendar

Period AOBSX Return Category Return Low Category Return High Rank in Category (%)
2019 0.7% -1.7% 18.3% 97.16%
2018 N/A -11.7% 4.6% N/A
2017 N/A -4.4% 8.3% N/A
2016 N/A -7.8% 7.7% N/A
2015 N/A -18.3% 3.0% N/A

Total Return Ranking - Trailing

Period AOBSX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.6% -1.8% 10.5% 20.42%
1 Yr 2.6% -2.5% 25.4% 81.30%
3 Yr N/A* -2.8% 8.1% N/A
5 Yr N/A* -2.7% 12.4% N/A
10 Yr N/A* -1.4% 7.0% N/A

* Annualized

Total Return Ranking - Calendar

Period AOBSX Return Category Return Low Category Return High Rank in Category (%)
2019 1.2% -1.7% 18.3% 93.40%
2018 N/A -11.7% 6.5% N/A
2017 N/A -4.4% 10.4% N/A
2016 N/A -7.8% 10.7% N/A
2015 N/A -12.6% 4.2% N/A

NAV & Total Return History


Holdings

AOBSX - Holdings

Concentration Analysis

AOBSX Category Low Category High AOBSX % Rank
Net Assets 34.2 M 690 K 259 B 95.42%
Number of Holdings 159 1 17668 70.21%
Net Assets in Top 10 7.97 M -216 M 21.4 B 93.17%
Weighting of Top 10 41.82% 2.5% 100.0% 16.82%

Top 10 Holdings

  1. 5 Year Treasury Note Future Mar 20 8.97%
  2. Bp9u3205 Cds Usd P F 1.00000 Cosp9u3205_pay Ccpcdx 6.25%
  3. Bp9u3205 Cds Usd R V 03mevent Cosp9u3205_receive Ccpcdx 6.09%
  4. Us Ultra Bond Cbt Mar20 Xcbt 20200320 4.58%
  5. Federal National Mortgage Association 3.5% 3.09%
  6. 10 Year Treasury Note Future Mar 20 2.94%
  7. Federal Home Loan Mortgage Corporation 3% 2.67%
  8. Ultra 10 Year US Treasury Note Future Mar 20 2.58%
  9. Federal National Mortgage Association 4% 2.38%
  10. Government National Mortgage Association 3.5% 2.27%

Asset Allocation

Weighting Return Low Return High AOBSX % Rank
Bonds
88.31% 80.02% 159.74% 95.17%
Cash
11.24% -59.74% 19.63% 3.36%
Preferred Stocks
0.46% 0.00% 7.43% 4.54%
Stocks
0.00% -0.98% 25.43% 74.86%
Other
0.00% -8.60% 31.85% 74.54%
Convertible Bonds
0.00% 0.00% 7.23% 85.80%

Bond Sector Breakdown

Weighting Return Low Return High AOBSX % Rank
Securitized
33.72% 0.00% 98.40% 23.82%
Government
24.91% -2.21% 122.41% 26.86%
Corporate
17.39% 0.00% 99.62% 44.81%
Derivative
14.95% -0.83% 22.35% 0.57%
Cash & Equivalents
9.03% -29.57% 21.18% 6.83%
Municipal
0.00% 0.00% 100.11% 92.85%

Bond Geographic Breakdown

Weighting Return Low Return High AOBSX % Rank
US
86.41% 58.28% 156.78% 72.46%
Non US
1.90% -12.34% 26.76% 58.98%

Expenses

AOBSX - Expenses

Operational Fees

AOBSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.47% 0.01% 38.00% 17.16%
Management Fee 0.25% 0.00% 1.10% 14.66%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.05% 0.00% 0.50% 25.12%

Sales Fees

AOBSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

AOBSX 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.

AOBSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 305.00% 0.00% 489.00% 98.00%

Distributions

AOBSX - Distributions

Dividend Yield Analysis

AOBSX Category Low Category High AOBSX % Rank
Dividend Yield 0.24% 0.00% 3.17% 74.39%

Dividend Distribution Analysis

AOBSX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

AOBSX Category Low Category High AOBSX % Rank
Net Income Ratio 2.83% 0.00% 6.30% 37.10%

Capital Gain Distribution Analysis

AOBSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

AOBSX - Fund Manager Analysis

Managers

Stephen Sheehan


Start Date

Tenure

Tenure Rank

May 30, 2018

1.67

1.7%

Mr. Sheehan is a portfolio manager and a vice president with Allianz Global Investors, which he joined in 2017. As a member of the US Fixed Income team and a credit sector specialist, his responsibilities include portfolio management, corporate credit research and trading. Mr. Sheehan has eight years of investment-industry experience. He previously worked at Columbia Threadneedle Investments, where he had portfolio management, research and trading roles; during this time he managed a range of intermediate and long-term fixed-income portfolios. Mr. Sheehan has an A.B. in economics from Harvard College. He is a CFA charterholder. Mr. Sheehan began his investment career in 2009

Michael Zazzarino


Start Date

Tenure

Tenure Rank

May 30, 2018

1.67

1.7%

Mr. Zazzarino is a senior portfolio manager and a director with Allianz Global Investors, which he joined in 2017. As a member of the US Fixed Income team and a structured specialist, his responsibilities include portfolio management, structured research and trading. He was previously a portfolio manager at Columbia Threadneedle Investments; he was also lead strategist of structured products for the core fixed-income team at the firm. Before that, Mr. Zazzarino was a senior portfolio manager at US Trust, and a portfolio manager, analyst and trader at both Brown Brothers Harriman and Eastbridge Capital. He has a B.S. in mechanical engineering from Lafayette College and an M.B.A. in finance from Columbia Business School.

Carl Pappo


Start Date

Tenure

Tenure Rank

May 30, 2018

1.67

1.7%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 33.19 7.42 0.08