XNIEX: AllianzGI Equity & Conv Inc

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XNIEX AllianzGI Equity & Conv Inc


Profile

XNIEX - Profile

Vitals

  • YTD Return 9.7%
  • 3 Yr Annualized Return 6.9%
  • 5 Yr Annualized Return 5.7%
  • Net Assets $799 M
  • Holdings in Top 10 23.0%

52 WEEK LOW AND HIGH

$27.07
$18.52
$29.49

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.07%

SALES FEES

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

BROKERAGE FEES

  • Turnover 50.00%

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--70% to 85% Equity

Distributions

  • YTD Total Return 9.7%
  • 3 Yr Annualized Total Return 6.9%
  • 5 Yr Annualized Total Return 5.7%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.74%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    AllianzGI Equity & Convertible Income Fund
  • Fund Family Name
    Allianz Group
  • Inception Date
    Feb 22, 2007
  • Shares Outstanding
    27708965
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Douglas Forsyth

Fund Description

N/A


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Categories

Performance

XNIEX - Performance

Return Ranking - Trailing

Period XNIEX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.7% -52.9% 991.5% 3.35%
1 Yr 15.9% -57.3% 862.1% 2.85%
3 Yr 6.9%* -22.2% 78.9% 4.35%
5 Yr 5.7%* -43.2% 23.9% 6.65%
10 Yr 4.2%* -38.6% 16.7% 19.69%

* Annualized

Return Ranking - Calendar

Period XNIEX Return Category Return Low Category Return High Rank in Category (%)
2019 18.2% -50.4% 46.8% 10.49%
2018 -9.8% -31.8% 19.0% 45.22%
2017 9.1% -44.7% 46.3% 21.41%
2016 1.5% -84.5% 219.0% 74.18%
2015 -8.1% -45.5% 14.6% 72.01%

Total Return Ranking - Trailing

Period XNIEX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.7% -52.9% 991.5% 3.35%
1 Yr 15.9% -57.3% 862.1% 2.85%
3 Yr 6.9%* -22.2% 78.9% 7.15%
5 Yr 5.7%* -43.2% 29.6% 21.20%
10 Yr 4.2%* -38.6% 18.0% 64.83%

* Annualized

Total Return Ranking - Calendar

Period XNIEX Return Category Return Low Category Return High Rank in Category (%)
2019 18.2% -50.4% 46.8% 10.49%
2018 -9.8% -31.5% 19.0% 69.54%
2017 9.1% -44.7% 46.3% 56.30%
2016 1.5% -84.5% 242.1% 87.79%
2015 -8.1% -45.5% 14.6% 86.85%

NAV & Total Return History


Holdings

XNIEX - Holdings

Concentration Analysis

XNIEX Category Low Category High XNIEX % Rank
Net Assets 799 M 100 K 110 B 32.70%
Number of Holdings 226 2 2284 45.76%
Net Assets in Top 10 170 M 146 K 25.2 B 40.27%
Weighting of Top 10 23.03% 11.4% 100.0% 73.94%

Top 10 Holdings

  1. Apple Inc 3.50%
  2. Amazon.com Inc 3.24%
  3. Microsoft Corp 3.08%
  4. Alphabet Inc A 2.79%
  5. Facebook Inc A 2.31%
  6. Visa Inc Class A 1.92%
  7. Nvidia 1.63%
  8. UnitedHealth Group Inc 1.58%
  9. Netflix Inc 1.51%
  10. Mastercard Inc A 1.47%

Asset Allocation

Weighting Return Low Return High XNIEX % Rank
Stocks
62.90% -7.43% 77.67% 17.83%
Convertible Bonds
27.23% 0.00% 50.76% 0.62%
Preferred Stocks
5.37% 0.00% 45.01% 8.10%
Cash
4.30% -95.11% 80.85% 46.88%
Other
0.19% -12.66% 176.09% 34.79%
Bonds
0.01% -68.77% 78.22% 98.38%

Stock Sector Breakdown

Weighting Return Low Return High XNIEX % Rank
Technology
31.91% 0.00% 100.00% 4.10%
Healthcare
17.49% 0.00% 59.48% 15.74%
Consumer Cyclical
14.81% 0.00% 59.01% 7.94%
Communication Services
12.72% 0.00% 56.40% 7.94%
Financial Services
11.30% 0.00% 60.67% 76.85%
Consumer Defense
4.70% 0.00% 22.38% 77.38%
Industrials
3.64% 0.00% 36.77% 92.20%
Real Estate
2.21% 0.00% 100.00% 70.24%
Utilities
0.72% 0.00% 99.54% 84.13%
Basic Materials
0.49% 0.00% 100.00% 87.30%
Energy
0.00% 0.00% 100.00% 94.05%

Stock Geographic Breakdown

Weighting Return Low Return High XNIEX % Rank
US
61.07% -7.43% 77.52% 8.98%
Non US
1.83% -2.31% 17.89% 69.45%

Bond Sector Breakdown

Weighting Return Low Return High XNIEX % Rank
Corporate
88.35% 0.00% 100.00% 7.73%
Cash & Equivalents
11.65% -3.87% 100.00% 44.51%
Derivative
0.00% 0.00% 59.63% 57.61%
Securitized
0.00% 0.00% 87.39% 79.93%
Municipal
0.00% 0.00% 100.00% 59.98%
Government
0.00% 0.00% 95.54% 88.28%

Bond Geographic Breakdown

Weighting Return Low Return High XNIEX % Rank
US
0.01% -68.77% 85.79% 98.38%
Non US
0.00% -36.53% 25.83% 85.04%

Expenses

XNIEX - Expenses

Operational Fees

XNIEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.07% 0.01% 7.27% 52.50%
Management Fee 1.00% 0.00% 2.00% 86.52%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.83% N/A

Sales Fees

XNIEX 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

XNIEX 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.

XNIEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 50.00% 0.00% 574.00% 49.60%

Distributions

XNIEX - Distributions

Dividend Yield Analysis

XNIEX Category Low Category High XNIEX % Rank
Dividend Yield 0.00% 0.00% 9.94% 34.04%

Dividend Distribution Analysis

XNIEX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Monthly

Net Income Ratio Analysis

XNIEX Category Low Category High XNIEX % Rank
Net Income Ratio 0.74% -5.24% 6.60% 82.42%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

XNIEX - Fund Manager Analysis

Managers

Douglas Forsyth


Start Date

Tenure

Tenure Rank

Feb 22, 2007

13.53

13.5%

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.

Michael Yee


Start Date

Tenure

Tenure Rank

Sep 05, 2008

11.99

12.0%

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.

Justin Kass


Start Date

Tenure

Tenure Rank

Sep 05, 2008

11.99

12.0%

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.

Tenure Analysis

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