XACVX: AllianzGI Diversified Income & Convert

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XACVX AllianzGI Diversified Income & Convert


Profile

XACVX - Profile

Vitals

  • YTD Return 16.2%
  • 3 Yr Annualized Return 8.7%
  • 5 Yr Annualized Return 6.0%
  • Net Assets $311 M
  • Holdings in Top 10 11.8%

52 WEEK LOW AND HIGH

$28.55
$16.75
$30.58

Expenses

OPERATING RELATED FEES

  • Expense Ratio 3.32%

SALES FEES

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

BROKERAGE FEES

  • Turnover 120.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Closed-end mutual fund
  • Investment Style Allocation--30% to 50% Equity

Distributions

  • YTD Total Return 16.2%
  • 3 Yr Annualized Total Return 8.7%
  • 5 Yr Annualized Total Return 6.0%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.47%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    AllianzGI Diversified Income & Convertible Fund
  • Fund Family Name
    Allianz Group
  • Inception Date
    May 27, 2015
  • Shares Outstanding
    10353920
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Douglas Forsyth

Fund Description

N/A


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Categories

Performance

XACVX - Performance

Return Ranking - Trailing

Period XACVX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.2% -52.9% 991.5% 2.96%
1 Yr 22.4% -57.3% 862.1% 1.94%
3 Yr 8.7%* -22.2% 78.9% 3.37%
5 Yr 6.0%* -43.2% 23.9% 4.59%
10 Yr N/A* -38.6% 16.7% N/A

* Annualized

Return Ranking - Calendar

Period XACVX Return Category Return Low Category Return High Rank in Category (%)
2019 22.1% -50.4% 46.8% 3.85%
2018 -11.7% -31.8% 19.0% 63.80%
2017 7.6% -44.7% 46.3% 37.39%
2016 2.2% -84.5% 219.0% 68.70%
2015 N/A -45.5% 14.6% N/A

Total Return Ranking - Trailing

Period XACVX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.2% -52.9% 991.5% 2.96%
1 Yr 22.4% -57.3% 862.1% 1.94%
3 Yr 8.7%* -22.2% 78.9% 3.93%
5 Yr 6.0%* -43.2% 29.6% 18.04%
10 Yr N/A* -38.6% 18.0% N/A

* Annualized

Total Return Ranking - Calendar

Period XACVX Return Category Return Low Category Return High Rank in Category (%)
2019 22.1% -50.4% 46.8% 3.85%
2018 -11.7% -31.5% 19.0% 82.10%
2017 7.6% -44.7% 46.3% 67.60%
2016 2.2% -84.5% 242.1% 85.13%
2015 N/A -45.5% 14.6% N/A

NAV & Total Return History


Holdings

XACVX - Holdings

Concentration Analysis

XACVX Category Low Category High XACVX % Rank
Net Assets 311 M 100 K 110 B 50.69%
Number of Holdings 350 2 2284 38.90%
Net Assets in Top 10 46.4 M 146 K 25.2 B 67.08%
Weighting of Top 10 11.84% 11.4% 100.0% 98.97%

Top 10 Holdings

  1. Tesla Inc 2% 1.55%
  2. Apple Inc 1.28%
  3. Broadcom Inc Broadcom Inc 8 % Mandatory Convertible Preferred Stock Ser A 1.25%
  4. Danaher Corp PRF CONVERT 15/04/2022 USD - Ser A 1.24%
  5. Amazon.com Inc 1.19%
  6. Microsoft Corp 1.10%
  7. Microchip Technology Incorporated 1.62% 1.09%
  8. Splunk Inc 1.12% 1.08%
  9. DexCom Inc 0.25% 1.04%
  10. NextEra Energy Inc Unit 1.01%

Asset Allocation

Weighting Return Low Return High XACVX % Rank
Convertible Bonds
50.76% 0.00% 50.76% 0.12%
Stocks
24.05% -7.43% 77.67% 79.30%
Bonds
14.65% -68.77% 78.22% 93.77%
Preferred Stocks
7.61% 0.00% 45.01% 5.61%
Cash
2.54% -95.11% 80.85% 66.58%
Other
0.39% -12.66% 176.09% 31.92%

Stock Sector Breakdown

Weighting Return Low Return High XACVX % Rank
Technology
29.08% 0.00% 100.00% 5.42%
Healthcare
17.66% 0.00% 59.48% 15.48%
Consumer Cyclical
14.05% 0.00% 59.01% 9.52%
Communication Services
12.20% 0.00% 56.40% 11.90%
Financial Services
9.67% 0.00% 60.67% 82.94%
Industrials
5.67% 0.00% 36.77% 82.80%
Consumer Defense
4.41% 0.00% 22.38% 79.37%
Utilities
4.32% 0.00% 99.54% 26.72%
Real Estate
2.06% 0.00% 100.00% 72.49%
Basic Materials
0.73% 0.00% 100.00% 86.64%
Energy
0.16% 0.00% 100.00% 90.61%

Stock Geographic Breakdown

Weighting Return Low Return High XACVX % Rank
US
23.28% -7.43% 77.52% 73.69%
Non US
0.77% -2.31% 17.89% 79.55%

Bond Sector Breakdown

Weighting Return Low Return High XACVX % Rank
Corporate
96.60% 0.00% 100.00% 3.37%
Cash & Equivalents
3.40% -3.87% 100.00% 85.04%
Derivative
0.00% 0.00% 59.63% 59.98%
Securitized
0.00% 0.00% 87.39% 81.42%
Municipal
0.00% 0.00% 100.00% 61.97%
Government
0.00% 0.00% 95.54% 89.03%

Bond Geographic Breakdown

Weighting Return Low Return High XACVX % Rank
US
14.09% -68.77% 85.79% 93.14%
Non US
0.56% -36.53% 25.83% 78.55%

Expenses

XACVX - Expenses

Operational Fees

XACVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 3.32% 0.01% 7.27% 4.75%
Management Fee 1.39% 0.00% 2.00% 96.38%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.83% N/A

Sales Fees

XACVX 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% 5.50% N/A

Trading Fees

XACVX 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.

XACVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 120.00% 0.00% 574.00% 81.82%

Distributions

XACVX - Distributions

Dividend Yield Analysis

XACVX Category Low Category High XACVX % Rank
Dividend Yield 0.00% 0.00% 9.94% 37.78%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

XACVX Category Low Category High XACVX % Rank
Net Income Ratio 0.47% -5.24% 6.60% 88.28%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

XACVX - Fund Manager Analysis

Managers

Douglas Forsyth


Start Date

Tenure

Tenure Rank

May 27, 2015

5.27

5.3%

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.

Justin Kass


Start Date

Tenure

Tenure Rank

May 27, 2015

5.27

5.3%

Justin Kass, CFA, is a portfolio manager and managing director with Allianz Global Investors, which he joined in 2000. He has portfolio management, research and trading responsibilities for the Income and Growth Strategies team. Prior to joining AGI Capital via a predecessor affiliate in 2000, Justin had interned on the team, adding significant depth to our proprietary Upgrade Alert Model. Other experience includes Universal Studios; Ocean Realty; and the Center for Cooperatives. He has more than 22 years of investment industry experience. Mr. Kass has a B.S. from the University of California, Davis, and an M.B.A. from the UCLA Anderson School of Management. He is a CFA charterholder.

William Stickney


Start Date

Tenure

Tenure Rank

May 27, 2015

5.27

5.3%

Mr. Stickney is a portfolio manager and a managing director with Allianz Global Investors, which he joined in 1999. He has portfolio management, research and trading responsibilities for the Income and Growth Strategies team. He has been a portfolio manager for the firm’s US High Yield Bond strategy since he joined the firm in 1999. Mr. Stickney has been the lead portfolio manager for leveraged loan strategies including CLO portfolios since 2006. In addition to management responsibility for institutional clients, Mr. Stickney is responsible for managing multiple closed-end and open-end mutual funds. He was previously a vice president of institutional fixed-income sales with ABN AMRO, Inc., where his primary focus was on high yield corporate securities; before that, he worked for Cowen & Company and Wayne Hummer & Company. Mr. Stickney has a B.S. in finance from Miami University, Ohio, and an M.B.A. from the Kellogg School of Management, Northwestern University.

Michael Yee


Start Date

Tenure

Tenure Rank

May 27, 2015

5.27

5.3%

Mr. Yee is a portfolio manager and a managing director with Allianz Global Investors, which he joined in 1995. He has portfolio management, research and trading responsibilities for the Income and Growth Strategies team. He is also a lead portfolio manager for the firm’s Income and Growth strategy since its inception in 2007. Mr. Yee is responsible for managing multiple closed-end and open-end mutual funds. He was previously an analyst for the Global and Systematic team with responsibilities focused on US large cap equity strategies. In addition, he also worked in global portfolio administration and in client service. Mr. Yee was previously a financial consultant for Priority One Financial/Liberty Foundation. He has a B.S. from the University of California, San Diego, and an M.B.A. from San Diego State University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.69 7.1 0.67