ASTKX: AllianzGI Short Term Bond Institutional

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ASTKX AllianzGI Short Term Bond Institutional


Profile

ASTKX - Profile

Vitals

  • YTD Return 1.2%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $23.6 M
  • Holdings in Top 10 18.5%

52 WEEK LOW AND HIGH

$15.45
$14.20
$15.45

Expenses

OPERATING RELATED FEES

  • Expense Ratio 4.13%

SALES FEES

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

BROKERAGE FEES

  • Turnover 46.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Short-Term Bond

Distributions

  • YTD Total Return 1.2%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.23%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    AllianzGI Short Term Bond Fund
  • Fund Family Name
    Allianz Funds
  • Inception Date
    Aug 23, 2018
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    James Dudnick

Fund Description

The fund normally invests 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 35% of its net assets in securities rated below investment grade or unrated and determined to be of similar quality (sometimes referred to as "high-yield securities" or "junk bonds").


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Categories

Performance

ASTKX - Performance

Return Ranking - Trailing

Period ASTKX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -12.1% 2.7% 9.04%
1 Yr 2.1% -14.6% 2.9% 6.63%
3 Yr N/A* -5.4% 1.3% N/A
5 Yr N/A* -21.0% 1.8% N/A
10 Yr N/A* -9.9% 2.3% N/A

* Annualized

Return Ranking - Calendar

Period ASTKX Return Category Return Low Category Return High Rank in Category (%)
2019 2.5% -6.6% 4.9% 35.20%
2018 N/A -4.1% 1.0% N/A
2017 N/A -1.4% 2.8% N/A
2016 N/A -65.8% 7.1% N/A
2015 N/A -6.6% 3.0% N/A

Total Return Ranking - Trailing

Period ASTKX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -12.1% 2.7% 9.04%
1 Yr 2.1% -14.6% 3.2% 6.63%
3 Yr N/A* -5.0% 1.8% N/A
5 Yr N/A* -19.6% 2.5% N/A
10 Yr N/A* -8.2% 3.4% N/A

* Annualized

Total Return Ranking - Calendar

Period ASTKX Return Category Return Low Category Return High Rank in Category (%)
2019 3.1% -6.6% 4.9% 22.35%
2018 N/A -4.1% 6.5% N/A
2017 N/A -1.4% 4.7% N/A
2016 N/A -65.2% 8.4% N/A
2015 N/A -5.3% 3.1% N/A

NAV & Total Return History


Holdings

ASTKX - Holdings

Concentration Analysis

ASTKX Category Low Category High ASTKX % Rank
Net Assets 23.6 M 272 K 59.5 B 92.19%
Number of Holdings 83 6 2196 88.17%
Net Assets in Top 10 4.94 M 74.7 K 6.66 B 93.01%
Weighting of Top 10 18.54% 5.6% 99.6% 61.02%

Top 10 Holdings

  1. Fox Corporation 3.05% 2.28%
  2. Crown Castle International Corp. 5.25% 2.21%
  3. Aon plc 4% 1.94%
  4. Fifth Third Bancorp 3.5% 1.90%
  5. American International Group, Inc. 3.3% 1.88%
  6. Bank of America Corporation 5.7% 1.78%
  7. Apx Group, Inc. 8.5% 1.73%
  8. ArcelorMittal S.A. 3.6% 1.71%
  9. Citigroup Inc. 3.14% 1.64%
  10. CVR Energy Inc 5.25% 1.47%

Asset Allocation

Weighting Return Low Return High ASTKX % Rank
Bonds
63.51% 22.39% 144.98% 86.56%
Cash
36.49% -54.63% 77.61% 11.83%
Stocks
0.00% 0.00% 7.85% 36.02%
Preferred Stocks
0.00% 0.00% 52.74% 41.40%
Other
0.00% -2.16% 13.40% 38.71%
Convertible Bonds
0.00% 0.00% 5.54% 92.47%

Bond Sector Breakdown

Weighting Return Low Return High ASTKX % Rank
Corporate
59.42% 0.00% 93.48% 17.74%
Cash & Equivalents
36.49% 0.00% 77.61% 11.83%
Government
4.09% 0.00% 61.46% 72.04%
Derivative
0.00% 0.00% 32.44% 47.85%
Securitized
0.00% 0.00% 84.62% 93.01%
Municipal
0.00% 0.00% 14.85% 75.27%

Bond Geographic Breakdown

Weighting Return Low Return High ASTKX % Rank
US
57.47% 0.00% 131.08% 81.72%
Non US
6.04% 0.00% 82.07% 83.33%

Expenses

ASTKX - Expenses

Operational Fees

ASTKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 4.13% 0.02% 43.40% 4.40%
Management Fee 0.30% 0.00% 1.19% 23.96%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.41% N/A

Sales Fees

ASTKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

ASTKX 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.

ASTKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 46.00% 0.00% 496.37% 21.89%

Distributions

ASTKX - Distributions

Dividend Yield Analysis

ASTKX Category Low Category High ASTKX % Rank
Dividend Yield 0.00% 0.00% 0.78% 51.04%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

ASTKX Category Low Category High ASTKX % Rank
Net Income Ratio 3.23% -2.82% 4.09% 10.99%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

ASTKX - Fund Manager Analysis

Managers

James Dudnick


Start Date

Tenure

Tenure Rank

Aug 23, 2018

1.69

1.7%

James Dudnick, CFA Director, Portfolio Manager Mr. Dudnick is a portfolio manager and a director with Allianz Global Investors, which he joined in 2005. He has portfolio-management and research responsibilities for the AllianzGI Short Duration High Income team. Mr. Dudnick was previously a financial advisor at Merrill Lynch, working with both individual and institutional clients. Before that, he worked at Goldman Sachs as a financial analyst in the investment-management division, where he conducted research and executed trades. Mr. Dudnick has a B.B.A. with high distinction in business administration from the University of Michigan Business School. He is a CFA charterholder.

Steven Gish


Start Date

Tenure

Tenure Rank

Aug 23, 2018

1.69

1.7%

Steven Gish, CFA Director, Portfolio Manager Mr. Gish is a portfolio manager and a director with Allianz Global Investors, which he joined in 2005. He has portfolio-management and research responsibilities on the AllianzGI Short Duration High Income team. Mr. Gish was previously a senior research analyst with Roth Capital Partners; before that, he worked in credit at a division of Deutsche Bank Group. Mr. Gish has a B.A. from the University of New Mexico and a M.B.A. from the University of Colorado. He is a CFA charterholder.

Douglas Forsyth


Start Date

Tenure

Tenure Rank

Aug 23, 2018

1.69

1.7%

Mr. Forsyth is a portfolio manager, a managing director and CIO US Income and Growth Strategies with Allianz Global Investors, which he joined in 1994. He is the head of the firm’s Income and Growth Strategies team. Mr. Forsyth has portfolio management, trading and research responsibilities, and oversees all aspects of the Income and Growth platform’s business, including product development and implementation. He has been the lead portfolio manager for the firm’s US High Yield Bond strategy since its inception in 1994 and assumed lead portfolio management responsibility for the firm’s US Convertible strategy in 1998. Mr. Forsyth has been managing CLO portfolios since 2006 and has been the lead portfolio manager on the Income and Growth strategy since its inception in 2007. In addition to management responsibility for institutional clients worldwide, Mr. Forsyth supervises multiple open-end and closed-end mutual funds and provides oversight for the US Short Duration High Income strategy. He was previously an analyst at AEGON USA. He has a B.B.A. from The University of Iowa. Mr. Forsyth is a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 26.68 5.78 3.24