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Virtus AllianzGI Convertible Fund
mutual fund
ANCMX
Dividend policy
Active
Price as of:
$43.41
-0.51
0%
primary theme
Convertible Bond
ANCMX (Mutual Fund)
Virtus AllianzGI Convertible Fund
Dividend policy
Active
Price as of:
$43.41
-0.51
0%
primary theme
Convertible Bond
ANCMX (Mutual Fund)
Virtus AllianzGI Convertible Fund
Dividend policy
Active
Price as of:
$43.41
-0.51
0%
primary theme
Convertible Bond
ANCMX - Snapshot
Vitals
- YTD Return 1.9%
- 3 Yr Annualized Return 25.5%
- 5 Yr Annualized Return 20.9%
- Net Assets $2.91 B
- Holdings in Top 10 14.3%
52 WEEK LOW AND HIGH
$43.92
$28.28
$47.82
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.71%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 145.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $1,000,000
- IRA N/A
Fund Classification
- Primary Theme Convertible Bond
- Fund Type Open End Mutual Fund
- Investment Style Convertibles
Overview
Next Dividend
Income Profile
Income Risk
Returns Profile
Allocations
Expenses
About
Dividend.com Ratings*
$29.27
-0.91%
$5.10 B
0.98%
$0.29
blocked
blocked
blocked
3.43%
0.83%
$43.99
-1.17%
$2.91 B
0.79%
$0.35
blocked
blocked
blocked
1.90%
0.71%
$30.95
-1.09%
$2.62 B
1.24%
$0.39
blocked
blocked
blocked
3.03%
1.17%
$41.90
-1.13%
$2.21 B
2.69%
$1.14
blocked
blocked
blocked
4.80%
0.63%
$19.31
-1.13%
$1.76 B
0.78%
$0.15
blocked
blocked
blocked
0.99%
0.86%
Overview
Next Dividend
Income Profile
Income Risk
Returns Profile
Allocations
Expenses
About
Dividend.com Ratings*
$83.98
-1.11%
$6.59 B
2.25%
$1.91
blocked
blocked
blocked
2.60%
0.40%
$50.61
-1.22%
$281.92 M
0.94%
$0.48
blocked
blocked
blocked
4.76%
0.95%
ANCMX - Profile
Distributions
- YTD Total Return 1.9%
- 3 Yr Annualized Total Return 25.5%
- 5 Yr Annualized Total Return 20.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.08%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameVirtus AllianzGI Convertible Fund
-
Fund Family NameAllianz Funds
-
Inception DateJun 07, 2010
-
Shares Outstanding17858332
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerDouglas Forsyth
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 convertible securities. Convertible securities include, but are not limited to, corporate bonds, debentures, notes or preferred stocks and their hybrids that can be converted into (exchanged for) equity securities or other securities (such as warrants or options) that provide an opportunity for equity participation.
ANCMX - Performance
Return Ranking - Trailing
| Period | ANCMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.9% | -1.6% | 7.7% | 55.29% |
| 1 Yr | 78.3% | 34.8% | 86.7% | 17.44% |
| 3 Yr | 25.5%* | 5.7% | 25.8% | 8.43% |
| 5 Yr | 20.9%* | 7.9% | 22.0% | 17.07% |
| 10 Yr | 12.8%* | 5.7% | 12.9% | 2.78% |
* Annualized
Return Ranking - Calendar
| Period | ANCMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 45.2% | -4.1% | 54.0% | 9.88% |
| 2019 | 20.0% | 4.5% | 24.4% | 23.46% |
| 2018 | -13.6% | -15.4% | -2.5% | 88.46% |
| 2017 | -7.8% | -7.8% | 15.4% | 100.00% |
| 2016 | 2.8% | 0.4% | 14.2% | 70.27% |
Total Return Ranking - Trailing
| Period | ANCMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.9% | -1.6% | 7.7% | 54.12% |
| 1 Yr | 78.3% | 30.7% | 86.7% | 16.28% |
| 3 Yr | 25.5%* | 5.7% | 25.8% | 8.43% |
| 5 Yr | 20.9%* | 7.7% | 22.0% | 17.07% |
| 10 Yr | 12.8%* | 5.7% | 12.9% | 2.78% |
* Annualized
Total Return Ranking - Calendar
| Period | ANCMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 45.2% | -4.1% | 54.0% | 9.88% |
| 2019 | 20.0% | 4.5% | 24.4% | 23.46% |
| 2018 | 2.7% | -15.4% | 4.5% | 5.13% |
| 2017 | 15.2% | 1.8% | 18.4% | 32.89% |
| 2016 | 5.8% | 0.4% | 16.5% | 62.16% |
NAV & Total Return History
ANCMX - Holdings
Concentration Analysis
| ANCMX | Category Low | Category High | ANCMX % Rank | |
|---|---|---|---|---|
| Net Assets | 2.91 B | 15.6 M | 6.59 B | 9.20% |
| Number of Holdings | 151 | 42 | 367 | 21.84% |
| Net Assets in Top 10 | 417 M | -17.5 M | 1.03 B | 35.63% |
| Weighting of Top 10 | 14.32% | 9.4% | 83.2% | 93.10% |
Top 10 Holdings
- Broadcom Inc Broadcom Inc 8 % Mandatory Convertible Preferred Stock Ser A 2.04%
- Tesla Inc 1.25% 1.96%
- Microchip Technology Incorporated 1.62% 1.92%
- Tesla Inc 2% 1.86%
- Splunk Inc 1.12% 1.63%
- Wayfair Inc 0.62% 1.55%
- Microchip Technology Incorporated 0.12% 1.52%
- DexCom Inc 0.25% 1.47%
- Ringcentral Inc 0.01% 1.39%
- Snap Inc 0.75% 1.37%
Asset Allocation
| Weighting | Return Low | Return High | ANCMX % Rank | |
|---|---|---|---|---|
| Convertible Bonds | 86.18% | 3.48% | 116.38% | 31.03% |
| Preferred Stocks | 7.54% | 0.00% | 18.99% | 62.07% |
| Stocks | 3.70% | 0.00% | 30.60% | 62.07% |
| Cash | 2.06% | 0.00% | 9.92% | 54.02% |
| Other | 0.52% | -16.33% | 7.56% | 13.79% |
| Bonds | 0.00% | -27.01% | 51.48% | 50.57% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | ANCMX % Rank | |
|---|---|---|---|---|
| Utilities | 61.59% | 0.00% | 100.00% | 40.51% |
| Industrials | 38.41% | 0.00% | 61.32% | 11.39% |
| Technology | 0.00% | 0.00% | 23.82% | 54.43% |
| Real Estate | 0.00% | 0.00% | 22.98% | 25.32% |
| Healthcare | 0.00% | 0.00% | 29.83% | 74.68% |
| Financial Services | 0.00% | 0.00% | 96.48% | 44.30% |
| Energy | 0.00% | 0.00% | 80.75% | 51.90% |
| Communication Services | 0.00% | 0.00% | 15.03% | 32.91% |
| Consumer Defense | 0.00% | 0.00% | 7.14% | 30.38% |
| Consumer Cyclical | 0.00% | 0.00% | 100.00% | 34.18% |
| Basic Materials | 0.00% | 0.00% | 16.21% | 37.97% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | ANCMX % Rank | |
|---|---|---|---|---|
| US | 3.70% | 0.00% | 30.38% | 62.07% |
| Non US | 0.00% | 0.00% | 2.74% | 45.98% |
ANCMX - Expenses
Operational Fees
| ANCMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.71% | 0.07% | 3.98% | 84.71% |
| Management Fee | 0.57% | 0.20% | 1.33% | 31.40% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.04% | 0.15% | 76.00% |
Sales Fees
| ANCMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| ANCMX 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.
| ANCMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 145.00% | 32.46% | 242.00% | 88.37% |
ANCMX - Distributions
Dividend Yield Analysis
| ANCMX | Category Low | Category High | ANCMX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 0.79% | 32.18% |
Dividend Distribution Analysis
| ANCMX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Quarterly | Monthly | Quarterly |
Net Income Ratio Analysis
| ANCMX | Category Low | Category High | ANCMX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.08% | -14.00% | 9.48% | 51.76% |
Capital Gain Distribution Analysis
| ANCMX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Mar 21, 2019 | $0.079 |
| Sep 20, 2018 | $0.091 |
| Jun 21, 2018 | $0.090 |
| Mar 22, 2018 | $0.077 |
| Sep 21, 2017 | $0.181 |
| Jun 22, 2017 | $0.143 |
| Mar 16, 2017 | $0.254 |
| Dec 22, 2016 | $0.406 |
| Sep 22, 2016 | $0.152 |
| Jun 16, 2016 | $0.145 |
| Mar 17, 2016 | $0.147 |
| Dec 17, 2015 | $0.267 |
| Sep 17, 2015 | $0.120 |
| Jun 18, 2015 | $0.106 |
| Mar 19, 2015 | $0.129 |
| Dec 18, 2014 | $0.271 |
| Sep 18, 2014 | $0.121 |
| Jun 19, 2014 | $0.135 |
| Mar 20, 2014 | $0.096 |
| Dec 19, 2013 | $0.446 |
| Sep 19, 2013 | $0.127 |
| Jun 20, 2013 | $0.141 |
| Mar 21, 2013 | $0.103 |
| Dec 20, 2012 | $0.167 |
| Sep 20, 2012 | $0.083 |
| Jun 21, 2012 | $0.098 |
| Mar 22, 2012 | $0.244 |
| Dec 22, 2011 | $0.370 |
| Sep 22, 2011 | $0.136 |
| Jun 16, 2011 | $0.133 |
| Mar 17, 2011 | $0.147 |
| Dec 16, 2010 | $0.273 |
| Sep 16, 2010 | $0.166 |
| Jun 17, 2010 | $0.113 |
ANCMX - Fund Manager Analysis
Managers
Douglas Forsyth
Start Date
Tenure
Tenure Rank
Dec 31, 1994
26.27
26.3%
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
Dec 31, 2003
17.26
17.3%
Mr. Kass 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. In 2003, Mr. Kass was promoted to portfolio management and began handling day-to-day portfolio manager responsibilities for the firm’s US Convertible strategy in 2005. He is also a lead portfolio manager for the firm’s Income & Growth strategy since its inception in 2007. In addition to management responsibility for institutional clients, Mr. Kass is responsible for managing multiple closed-end and open-end mutual funds. Previous to joining the firm, Mr. Kass interned on the Income and Growth Strategies team, adding significant depth to its proprietary Upgrade Alert Model. He has 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 |
|---|---|---|---|
| 0.08 | 35.8 | 9.78 | 6.25 |
