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AllianzGI High Yield Bond Institutional (AYBIX) Fund Ranking and Research
Ranking, Research and Recommendation of AllianzGI High Yield Bond Institutional (AYBIX) Fund
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Last Trade: $ on , Change: (0%)
Fund Manager - Douglas G. Forsyth
Fund Manager Information
Fund Manager Tenure: 23.4 yearsSimilar Funds: AYBAX AYBCX AYBDX AYBPX AYBRX AYBVX
Fund Family: Allianz Funds
Fund Category: High Yield Bond
Fund Performance: May 30, 2016
Fundmojo Fund Grade: B (Score: 0.65) (What does this score mean?)
Doug Forsyth has portfolio management and research responsibilities for the Income and Growth Strategies team. Prior to joining AGI Capital via a predecessor affiliate in 1994, Doug was a securities analyst at AEGON USA. He earned his B.B.A. from the University of Iowa. Doug has nineteen years of investment industry experience. Get more insights on Douglas G. Forsyth
AllianzGI High Yield Bond Institutional Fund (AYBIX) Profile
Fund Profile and Description
AllianzGI High Yield Bond Institutional Fund seeks a high level of current income and capital growth. AllianzGI High Yield Bond Institutional Fund invests at least 80% of net assets in high yield securities, which are fixed income securities rated below investment grade or unrated and determined to be of similar quality. It also invests across the entire range of maturities of high yield securities. AllianzGI High Yield Bond Institutional Fund may utilize foreign currency exchange contracts, options, stock index futures contracts, warrants and other derivative instruments.
What we like about AllianzGI High Yield Bond Institutional (AYBIX) Fund
Data for AllianzGI High Yield Bond Institutional Fund (AYBIX) as of May 30, 2016
- AllianzGI High Yield Bond Institutional Fund (AYBIX) management has been with AllianzGI High Yield Bond Institutional Fund for 23.4 years
- AllianzGI High Yield Bond Institutional Fund (AYBIX) ratio of up-years vs down years is greater than 2
- Asset base in AllianzGI High Yield Bond Institutional Fund (AYBIX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
- AllianzGI High Yield Bond Institutional Fund (AYBIX) has an annual stock turnover rate of 47.00% vs High Yield Bond average of 63.72%. It is good that AllianzGI High Yield Bond Institutional management does not trade extensively for its return.
- AllianzGI High Yield Bond Institutional Fund (AYBIX) has a lower expense ratio than its High Yield Bond average: 0.63% vs 1.07%
- AllianzGI High Yield Bond Institutional Fund (AYBIX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses
What we are cautious about AllianzGI High Yield Bond Institutional (AYBIX) Fund
Data for AllianzGI High Yield Bond Institutional Fund (AYBIX) as of May 30, 2016
- AllianzGI High Yield Bond Institutional Fund (AYBIX) has a less-than-ideal short-term performance (1-year return -3.95% vs -2.18% High Yield Bond category median performance)
- AllianzGI High Yield Bond Institutional Fund (AYBIX) has a less-than-ideal mid-term performance (3-year return 1.24% vs 2.05% High Yield Bond category median performance)
- AllianzGI High Yield Bond Institutional Fund (AYBIX) has a less-than-ideal Long-term performance (5-year return 4.08% vs 4.38% High Yield Bond category median performance)
- AllianzGI High Yield Bond Institutional Fund (AYBIX) has a Morningstar rating of 3 and below
- AllianzGI High Yield Bond Institutional Fund (AYBIX) is less safe compared to its High Yield Bond peers
- AllianzGI High Yield Bond Institutional Fund (AYBIX) does not have a good risk adjusted return as its 3-year Alpha of -0.05 is worse than category average of 0.26, and its 3-year Sharpe ratio is 0.22
- AllianzGI High Yield Bond Institutional Fund (AYBIX) is more volatile than its peers as it has a 3-year Standard Deviation of 6.02 that is higher than category average of 5.76
What do you think?
Compare with other top High Yield Bond category mutual funds
Aadditional top High Yield Bond mutual funds for your consideration
Fund | Year to Date | 1 Year | 3 year | 5 year | |
AllianzGI High Yield Bond Institutional | 4.99 | -3.95 | 1.24 | 4.08 | |
Eaton Vance High Income Opportunities I (EIHIX) | 6.24 | 0.69 | 4.36 | 6.18 | Compare |
BlackRock High Yield Bond BlackRock (BRHYX) | 5.75 | -2.18 | 3.17 | 5.58 | Compare |
Buffalo High-Yield (BUFHX) | 2.74 | 0.75 | 3.46 | 5.03 | Compare |
See top fund managers for High Yield Bond Category Funds
Compare with High Yield Bond category ETFs
Some High Yield Bond ETFs for your consideration
ETF | Year to Date | One Year | Three Year | PIMCO 0-5 Year High Yield Corp Bd ETF (HYS) | 0 | 0 | 0 | SPDR Barclays High Yield Bond ETF (JNK) | 6.14% | -4.91% | 1.23% | iShares iBoxx $ High Yield Corporate Bd (HYG) | 5.79% | -2.67% | 2.13% |
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AllianzGI High Yield Bond Institutional (AYBIX) Fund Net Asset
Track net asset change of AllianzGI High Yield Bond Institutional fund (AYBIX)
Date | Net Asset |
05/2016 | $378.12M |
03/2016 | $309.78M |
02/2016 | $295.17M |
AllianzGI High Yield Bond Institutional (AYBIX) Fund Portfolio Allocation
Track portfolio allocation change of AllianzGI High Yield Bond Institutional fund (AYBIX)
Date | Cash | Stock | Bond | Other |
04/2016 | 7.48% | 0.43% | 90.94% | 1.15% |
02/2016 | 4.72% | 0.31% | 94.97% | 0% |
12/2015 | 0.6% | 0.3% | 99.1% | 0% |
Top 10 Holdings in AllianzGI High Yield Bond Institutional (AYBIX) Fund
Discover what AllianzGI High Yield Bond Institutional Fund (AYBIX) manager is buying
Blueline Rent Fin 144A 7% [1.1%] Cedar Fair 5.375% [1.07%] Hughes Satellite Sys 7.625% [1.07%] Kb Hm 8% [1.07%] Park Ohio Inds Inc-Ohio 8.125% [1.06%] Louisiana Pac 7.5% [1.04%] Sprint Nextel 11.5% [1.03%] Tenet Healthcare 8.125% [1.03%] Netflix 5.875% [1.01%] | Park Ohio Inds Inc-Ohio 8.125% [1.1%] Louisiana Pac 7.5% [1.08%] Hughes Satellite Sys 7.625% [1.08%] Kb Hm 8% [1.07%] Netflix 5.875% [1.05%] Frontier Comms 144A 10.5% [1.04%] Tenet Healthcare 8.125% [1.04%] Sprint Nextel 11.5% [1.02%] J2 Global 8% [1%] | Kb Hm 8% [1.13%] Hca 7.5% [1.11%] Park Ohio Inds Inc-Ohio 8.125% [1.09%] Sprint Nextel 11.5% [1.08%] Cedar Fair 5.375% [1.06%] Louisiana Pac 7.5% [1.06%] Amer Axle & Mfg 6.625% [1.05%] Calumet Specialty Prods Partne 6.5% [1.04%] Hughes Satellite Sys 7.625% [1.03%] |
Latest News on AllianzGI High Yield Bond Institutional (AYBIX) Fund
See what is happening with AllianzGI High Yield Bond Institutional Fund (AYBIX)
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See more information on AllianzGI High Yield Bond Institutional (AYBIX) Fund
Popular pages on AllianzGI High Yield Bond Institutional (AYBIX) Fund
- AllianzGI High Yield Bond Institutional (AYBIX) Fund Research and Recommendation
- AllianzGI High Yield Bond Institutional (AYBIX) Fund Performance Data
- AllianzGI High Yield Bond Institutional (AYBIX) Fund Manager Information
- Historic AllianzGI High Yield Bond Institutional (AYBIX) Fund Asset Allocation Report
- Historic AllianzGI High Yield Bond Institutional (AYBIX) Fund Top 10 Holding Tracking
- Historic AllianzGI High Yield Bond Institutional (AYBIX) Fund Asset Under Management Tracking