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Trending ETFs

Virtus AllianzGI Convertible Fund

mutual fund
ANNPX
Dividend policy
Active
Price as of:
$45.74 +0.29 +0%
primary theme
Convertible Bond
ANNPX (Mutual Fund)

Virtus AllianzGI Convertible Fund

Dividend policy
Active
Price as of:
$45.74 +0.29 +0%
primary theme
Convertible Bond
ANNPX (Mutual Fund)

Virtus AllianzGI Convertible Fund

Dividend policy
Active
Price as of:
$45.74 +0.29 +0%
primary theme
Convertible Bond

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$45.74

-

0.85%

$0.39

0.71%

Vitals

YTD Return

6.0%

1 yr return

26.8%

3 Yr Avg Return

23.5%

5 Yr Avg Return

20.2%

Net Assets

$3.02 B

Holdings in Top 10

17.7%

52 WEEK LOW AND HIGH

$45.45
$36.71
$48.46

Expenses

OPERATING FEES

Expense Ratio 0.71%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 145.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Convertibles


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$45.74

-

0.85%

$0.39

0.71%

ANNPX - Profile

Distributions

  • YTD Total Return 6.0%
  • 3 Yr Annualized Total Return 23.5%
  • 5 Yr Annualized Total Return 20.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.07%
DIVIDENDS
  • Dividend Yield 0.9%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Virtus AllianzGI Convertible Fund
  • Fund Family Name
    Allianz Funds
  • Inception Date
    Apr 19, 1993
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Douglas 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.


ANNPX - Performance

Return Ranking - Trailing

Period ANNPX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.0% -6.2% 10.3% 36.26%
1 Yr 26.8% 5.8% 42.3% 18.68%
3 Yr 23.5%* 7.3% 23.6% 2.44%
5 Yr 20.2%* 6.4% 20.2% 1.23%
10 Yr 14.7%* 6.9% 14.7% 1.33%

* Annualized

Return Ranking - Calendar

Period ANNPX Return Category Return Low Category Return High Rank in Category (%)
2020 45.4% -4.1% 54.0% 7.23%
2019 20.2% 4.5% 24.4% 21.25%
2018 -13.5% -15.4% -2.5% 87.01%
2017 -6.7% -7.8% 15.4% 97.33%
2016 2.8% 0.4% 14.2% 68.49%

Total Return Ranking - Trailing

Period ANNPX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.0% -6.2% 10.3% 34.07%
1 Yr 26.8% 3.8% 38.4% 17.39%
3 Yr 23.5%* 6.5% 23.6% 2.35%
5 Yr 20.2%* 6.2% 20.2% 1.19%
10 Yr 14.7%* 6.9% 14.7% 1.33%

* Annualized

Total Return Ranking - Calendar

Period ANNPX Return Category Return Low Category Return High Rank in Category (%)
2020 45.4% -4.1% 54.0% 7.23%
2019 20.2% 4.5% 24.4% 21.25%
2018 2.8% -15.4% 4.5% 3.90%
2017 15.2% 1.8% 18.4% 32.00%
2016 5.9% 0.4% 16.5% 60.27%

NAV & Total Return History


ANNPX - Holdings

Concentration Analysis

ANNPX Category Low Category High ANNPX % Rank
Net Assets 3.02 B 26 M 6.69 B 10.47%
Number of Holdings 142 10 379 30.53%
Net Assets in Top 10 535 M -11.6 M 1.16 B 9.47%
Weighting of Top 10 17.72% 9.7% 100.0% 55.79%

Top 10 Holdings

  1. Dreyfus Government Cash Mgmt Instl 4.46%
  2. Danaher Corp PRF CONVERT 15/04/2022 USD - Ser A 2.04%
  3. Tesla Inc 1.25% 1.96%
  4. Microchip Technology Incorporated 1.62% 1.92%
  5. Broadcom Inc 8% 1.76%
  6. Splunk Inc 1.12% 1.63%
  7. Wayfair Inc 0.62% 1.55%
  8. NextEra Energy Inc Unit 1.54%
  9. Tesla Inc 2% 1.51%
  10. Zillow Group Inc 2.75% 1.49%

Asset Allocation

Weighting Return Low Return High ANNPX % Rank
Convertible Bonds
79.50% 0.41% 121.44% 50.53%
Preferred Stocks
10.54% 0.00% 26.09% 41.05%
Stocks
4.80% 0.00% 42.03% 71.58%
Cash
4.56% -56.65% 11.19% 11.58%
Other
0.60% -17.05% 1.51% 25.26%
Bonds
0.00% -26.84% 72.97% 87.37%

Stock Sector Breakdown

Weighting Return Low Return High ANNPX % Rank
Utilities
57.56% 0.00% 100.00% 66.67%
Industrials
30.99% 0.00% 100.00% 6.90%
Healthcare
11.46% 0.00% 18.24% 18.39%
Technology
0.00% 0.00% 28.49% 91.95%
Real Estate
0.00% 0.00% 27.42% 81.61%
Financial Services
0.00% 0.00% 92.56% 85.06%
Energy
0.00% 0.00% 15.22% 85.06%
Communication Services
0.00% 0.00% 47.36% 85.06%
Consumer Defense
0.00% 0.00% 6.96% 81.61%
Consumer Cyclical
0.00% 0.00% 39.07% 82.76%
Basic Materials
0.00% 0.00% 14.17% 82.76%

Stock Geographic Breakdown

Weighting Return Low Return High ANNPX % Rank
US
4.80% 0.00% 41.52% 60.00%
Non US
0.00% 0.00% 4.40% 89.47%

ANNPX - Expenses

Operational Fees

ANNPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.71% 0.20% 2.97% 84.27%
Management Fee 0.57% 0.20% 1.33% 32.94%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.04% 0.15% 72.00%

Sales Fees

ANNPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

ANNPX 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.

ANNPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 145.00% 30.00% 242.00% 90.59%

ANNPX - Distributions

Dividend Yield Analysis

ANNPX Category Low Category High ANNPX % Rank
Dividend Yield 0.85% 0.00% 0.76% 80.00%

Dividend Distribution Analysis

ANNPX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Quarterly Monthly Quarterly

Net Income Ratio Analysis

ANNPX Category Low Category High ANNPX % Rank
Net Income Ratio 1.07% -14.00% 7.18% 53.57%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

ANNPX - Fund Manager Analysis

Managers

Douglas Forsyth


Start Date

Tenure

Tenure Rank

Dec 31, 1994

26.68

26.7%

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.

Justin Kass


Start Date

Tenure

Tenure Rank

Dec 31, 2003

17.68

17.7%

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
0.5 36.22 10.18 6.67