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Why AllianzGI Convertible C Fund (ANZCX) Worth Another Look?

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AllianzGI Convertible C Fund (ANZCX - Free Report) seeks growth of return through appreciation of capital and income. ANZCX invests a bulk of its assets in convertible securities, including debentures, corporate bonds, preferred stocks and hybrid bonds.

This Convertible Bond product has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 5% and 5 year 8.8%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.  

ANZCX’s performance, as of the last filing, when compared to funds in its category was in the top 48% over the past 1 year, and in the top 50% over the past 3 years and in the top 49% over the past 5 years.   

The AllianzGI Convertible C fund, as of the last filing, allocates their fund in top two major groups; Large Growth and Small Growth. Further, as of the last filing, Liberty Media Corp, and Dish Network Corp were the top holdings for ANZCX.

This Zacks Rank #2 (Buy) was incepted in April 2010 and is managed by Allianz. ANZCX carries an expense ratio of 1.71% and requires a minimal initial investment of $1,000.

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