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Time to Buy AllianzGI Convertible A Fund (ANZAX)

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AllianzGI Convertible A Fund (ANZAX - Free Report) seeks growth of return through appreciation of capital and income. ANZAX 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 5.7% and 5 year 9.5%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.  

ANZAX’s performance, as of the last filing, when compared to funds in its category was in the top 42% over the past 1 year, and in the top 34% over the past 3 years and in the top 31% over the past 5 years.   

The AllianzGI Convertible A 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, Priceline.com and Dish Network Corp were the top holdings for ANZAX.

This Zacks Rank #2 (Buy) was incepted in April 2010 and is managed by Allianz. ANZAX carries an expense ratio of 0.99% and requires a minimal initial investment of $1,000.

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