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Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
1.0%
1 yr return
12.9%
3 Yr Avg Return
-1.9%
5 Yr Avg Return
7.7%
Net Assets
$31.5 M
Holdings in Top 10
36.0%
Expense Ratio 1.11%
Front Load N/A
Deferred Load N/A
Turnover N/A
Redemption Fee N/A
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The fund seeks to achieve its investment objective by creating a portfolio of global equities with a focus on companies that the portfolio managers believe exhibit strong records with respect to environmental, social, and corporate governance (“ESG”) factors. The fund normally invests primarily in equity securities of both U.S. and non-U.S. companies, including emerging market securities. Under normal market conditions, the fund will invest at least 40% of its assets in non-U.S. securities. Notwithstanding the previous sentence, if the weighting of non-U.S. securities in the Dow Jones Sustainability World Index (the “Index”) drops below 45%, the fund may invest a lower amount in non-U.S. securities, which will normally be such that the minimum level for non-U.S. securities will be 5% below the weighting of non-U.S. securities in the Index as of the most
recently published month-end composition. As of December 31, 2023, the capitalization weighting of non-U.S. securities in the Index was approximately 47.4%. The fund is not managed with reference to the Index, and its primary performance benchmark is the MSCI All Country World Index. The portfolio managers intend to diversify the fund’s investments across geographic regions and economic sectors. The fund intends, but is not required, to hold stocks that are not included in the benchmark index. The fund may invest in issuers of any size market capitalization, including smaller capitalization companies. The fund may achieve its exposure to non-U.S. securities either directly or through depository receipts such as Global Depositary Receipts (GDRs).
The portfolio managers begin with an investment universe comprised of more than 5,000 equity securities and assess individual securities using a disciplined investment process that integrates a focus on the ESG records of the issuers of such securities with proprietary fundamental, company- specific research and quantitative analysis. The portfolio managers utilize a sector analysis to screen out issuers based on revenue from sectors such as tobacco, thermal coal, alcohol, gambling and weapons.
The portfolio managers use a proprietary ESG model scoring to evaluate and rate the securities in the investment universe. Based on this proprietary ESG scoring model, companies’ ESG practices and risk factors are considered as part of the investment process, namely for the purposes of identifying tail risk factors (i.e., low probability factors that could have an outsized negative effect on performance) arising from a company’s ESG practices and understanding how a company’s ESG risk factors might affect the company and its performance. The portfolio managers believe that there are long-term benefits in an investment approach that attaches material weight to certain issues that receive less attention from traditional investment analysis, such as the environment, workplace relations, human rights, community relations, product safety and impact, and corporate governance and business ethics. The portfolio managers also believe that investing in companies with strong records for managing ESG risks can generate long-term competitive financial returns and positive societal impact and that companies that do not exhibit strong records with respect to ESG factors may be at a greater long-term risk of negative economic consequences. With respect to ESG factors, the portfolio managers will aim to invest the majority of the fund’s portfolio in stocks that they rate as best-in-class (i.e., NFJ ESG rated AAA, AA or A) and avoid stocks rated worst-in-class (i.e., NFJ rated B and CCC), although the portfolio managers maintain discretion to invest from time to time in companies with minimum ESG scores and to exclude companies with high ESG scores from the fund’s portfolio.
The portfolio managers then analyze specific companies for possible investment through a disciplined, fundamental, bottom up-research process and quantitative analysis. In identifying potential investments, the portfolio managers ordinarily look for companies that exhibit some or all of the following characteristics: a strong record with respect to ESG factors; a demonstrated record of ESG risk management; long-term competitive advantage; a strong balance sheet; high barriers to entry in the company’s industry or area of business; and a strong record of capital discipline. The portfolio managers then seek to identify attractively-valued quality companies that exhibit growth characteristics. The portfolio managers construct the fund’s portfolio with the expectation that stock-specific risk will drive the fund’s returns over a complete market cycle and may reallocate the portfolio’s holdings in attempting to mitigate other risk factors, such as currency risk, country/regional risk, investment style risk, and sector risk, among others. Under normal circumstances, the portfolio managers typically select approximately 40 to 60 stocks for the fund.
Period | ASTNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.0% | -35.6% | 29.2% | 66.11% |
1 Yr | 12.9% | 17.3% | 252.4% | 74.43% |
3 Yr | -1.9%* | -3.5% | 34.6% | 34.18% |
5 Yr | 7.7%* | 0.1% | 32.7% | 37.85% |
10 Yr | N/A* | -6.9% | 18.3% | N/A |
* Annualized
Period | ASTNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -0.1% | -24.3% | 957.1% | 38.06% |
2022 | -39.4% | -38.3% | 47.1% | 12.39% |
2021 | 0.5% | -54.2% | 0.6% | 52.22% |
2020 | 15.5% | -76.0% | 54.1% | 42.46% |
2019 | 29.1% | -26.1% | 47.8% | 45.45% |
Period | ASTNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.0% | -35.6% | 29.2% | 66.33% |
1 Yr | 12.9% | 11.4% | 252.4% | 70.11% |
3 Yr | -1.9%* | -3.5% | 34.6% | 32.48% |
5 Yr | 7.7%* | 0.1% | 32.7% | 36.64% |
10 Yr | N/A* | -6.9% | 18.3% | N/A |
* Annualized
Period | ASTNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 19.8% | -24.3% | 957.1% | 38.06% |
2022 | -22.9% | -33.1% | 47.1% | 12.52% |
2021 | 23.4% | -44.4% | 1.8% | 21.40% |
2020 | 18.9% | -6.5% | 54.1% | 35.29% |
2019 | 31.5% | -14.4% | 47.8% | 53.27% |
ASTNX | Category Low | Category High | ASTNX % Rank | |
---|---|---|---|---|
Net Assets | 31.5 M | 199 K | 133 B | 70.72% |
Number of Holdings | 56 | 1 | 9075 | 72.58% |
Net Assets in Top 10 | 10.9 M | -18 M | 37.6 B | 68.17% |
Weighting of Top 10 | 35.98% | 9.1% | 100.0% | 31.01% |
Weighting | Return Low | Return High | ASTNX % Rank | |
---|---|---|---|---|
Stocks | 98.36% | 61.84% | 125.47% | 0.33% |
Cash | 1.64% | -174.70% | 23.12% | 99.34% |
Preferred Stocks | 0.00% | -0.01% | 5.28% | 82.38% |
Other | 0.00% | -13.98% | 19.14% | 83.92% |
Convertible Bonds | 0.00% | 0.00% | 4.46% | 80.62% |
Bonds | 0.00% | -1.50% | 161.67% | 81.39% |
Weighting | Return Low | Return High | ASTNX % Rank | |
---|---|---|---|---|
Technology | 23.97% | 0.00% | 49.87% | 19.38% |
Financial Services | 18.22% | 0.00% | 38.42% | 23.02% |
Healthcare | 17.87% | 0.00% | 35.42% | 22.69% |
Industrials | 11.30% | 0.00% | 44.06% | 30.73% |
Basic Materials | 10.69% | 0.00% | 38.60% | 66.63% |
Consumer Defense | 7.66% | 0.00% | 73.28% | 39.54% |
Consumer Cyclical | 5.14% | 0.00% | 40.94% | 59.58% |
Energy | 4.17% | 0.00% | 21.15% | 50.88% |
Utilities | 0.99% | 0.00% | 29.12% | 96.70% |
Real Estate | 0.00% | 0.00% | 39.48% | 97.14% |
Communication Services | 0.00% | 0.00% | 57.66% | 92.62% |
Weighting | Return Low | Return High | ASTNX % Rank | |
---|---|---|---|---|
US | 59.58% | 0.13% | 103.82% | 16.08% |
Non US | 38.78% | 0.58% | 99.46% | 43.72% |
ASTNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.11% | 0.01% | 44.27% | 64.20% |
Management Fee | 0.80% | 0.00% | 1.82% | 76.59% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.76% | N/A |
ASTNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
ASTNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
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.
ASTNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 395.00% | 37.39% |
ASTNX | Category Low | Category High | ASTNX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.22% | 0.00% | 3.26% | 80.74% |
ASTNX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Annually | Annually |
ASTNX | Category Low | Category High | ASTNX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.72% | -4.27% | 12.65% | 45.68% |
ASTNX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Date | Amount | Type |
---|---|---|
Dec 20, 2023 | $0.174 | OrdinaryDividend |
Dec 20, 2023 | $2.565 | CapitalGainLongTerm |
Dec 21, 2022 | $3.904 | OrdinaryDividend |
Dec 16, 2021 | $5.244 | OrdinaryDividend |
Dec 17, 2020 | $0.666 | OrdinaryDividend |
Dec 19, 2019 | $0.046 | OrdinaryDividend |
Dec 19, 2019 | $0.010 | CapitalGainShortTerm |
Dec 19, 2019 | $0.321 | CapitalGainLongTerm |
Dec 20, 2018 | $0.113 | CapitalGainShortTerm |
Dec 20, 2018 | $0.956 | CapitalGainLongTerm |
Dec 20, 2018 | $0.155 | OrdinaryDividend |
Dec 21, 2017 | $0.055 | CapitalGainShortTerm |
Dec 21, 2017 | $0.387 | CapitalGainLongTerm |
Dec 21, 2017 | $0.191 | OrdinaryDividend |
Dec 22, 2016 | $0.154 | OrdinaryDividend |
Dec 15, 2016 | $0.030 | CapitalGainShortTerm |
Dec 17, 2015 | $0.145 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Mar 01, 2021
1.25
1.3%
Gunnar Miller is Global Director of Research, and has served as Global Head of Equity Research, Head of Equity Research Europe and Sector Team Head/Research Analyst for European Technology at Allianz Global Investors and has over 30 years of investment research experience. In his role as Director of Research, Gunnar has been instrumental in integrating the analysis of Environmental, Social and Governance factors across the investment platform. He also co-manages the Allianz Thematica fund. He joined the firm in 2003. Prior to this, he spent one year as an analyst covering European semiconductors in Frankfurt and four years in New York covering U.S. semiconductor equipment for Goldman Sachs, before which he spent eight years as an analyst covering U.S. semiconductor equipment and electronics distribution at Paine Webber and Kidder Peabody, and three years as a financial analyst. He ranked number one in the annual U.S. Institutional Investor poll from 1996 through 2001 after placing second in 1995, and top four in the annual Greenwich Associates buy-side poll from 1994 through 2001. He graduated Phi Beta Kappa with a B.A. (Magna Cum Laude) in Economics from Lehigh University in 1987. He has also served as a member of the board of directors of the DVFA Society of Investment Professionals in Germany, chairman of the Corporate Reporting Users’ Forum (CRUF) Germany, as a board member of XBRL International Inc. (XII), and on the Accounting Council of the UK Financial Reporting Council (FRC).
Start Date
Tenure
Tenure Rank
Mar 01, 2021
1.25
1.3%
Robbie is a co-lead portfolio manager, and a vice president with Allianz Global Investors, which he joined in 2014. He co-manages the Food Security strategy; and is a member of the Global Thematic team where he researches and develops investment themes globally, with a specific focus on themes aligned to SDGs and other societal goals. Robbie was previously an ESG analyst for the company for 6 years in San Francisco and London. Before joining Allianz Global Investors, he qualified as a Chartered Accountant with PwC. Robbie has a first class degree in Environment & Business from the University of Leeds. He is a CFA charterholder.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.01 | 35.82 | 6.24 | 1.25 |
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