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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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Graph of AllianzGI High Yield Bond Institutional Fund (AYBIX) ManagerFund Manager - Douglas G. Forsyth

Fund Manager Information

Fund Manager Tenure: 23.4 years
Similar 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

 

Graph of AllianzGI High Yield Bond Institutional Fund (AYBIX) ProfileAllianzGI 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.

 

AllianzGI High Yield Bond Institutional (AYBIX) Fund Strength 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

AllianzGI High Yield Bond Institutional Fund (AYBIX) Weakness 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
See AllianzGI High Yield Bond Institutional Fund (AYBIX) performance details as of May 30, 2016

 

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Compare AllianzGI High Yield Bond Institutional Fund (AYBIX)Compare with other top High Yield Bond category mutual funds

Aadditional top High Yield Bond mutual funds for your consideration

FundYear to Date1 Year3 year5 year
AllianzGI High Yield Bond Institutional4.99-3.951.244.08
Eaton Vance High Income Opportunities I (EIHIX)6.240.694.366.18Compare
BlackRock High Yield Bond BlackRock (BRHYX)5.75-2.183.175.58Compare
Buffalo High-Yield (BUFHX)2.740.753.465.03Compare

See top fund managers for High Yield Bond Category Funds

 

Compare AllianzGI High Yield Bond Institutional Fund (AYBIX)Compare with High Yield Bond category ETFs

Some High Yield Bond ETFs for your consideration

ETFYear to DateOne YearThree Year
PIMCO 0-5 Year High Yield Corp Bd ETF (HYS)000
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%

 

Graph of AllianzGI High Yield Bond Institutional Fund (AYBIX) Net Asset TrackingAllianzGI High Yield Bond Institutional (AYBIX) Fund Net Asset

Track net asset change of AllianzGI High Yield Bond Institutional fund (AYBIX)

DateNet Asset
05/2016$378.12M
03/2016$309.78M
02/2016$295.17M
More historic net asset information on AllianzGI High Yield Bond Institutional Fund (AYBIX)

  

Graph of AllianzGI High Yield Bond Institutional Fund (AYBIX) Portfolio TrackingAllianzGI High Yield Bond Institutional (AYBIX) Fund Portfolio Allocation

Track portfolio allocation change of AllianzGI High Yield Bond Institutional fund (AYBIX)

DateCashStockBondOther
04/20167.48%0.43%90.94%1.15%
02/20164.72%0.31%94.97%0%
12/20150.6%0.3%99.1%0%
Click here to see more historic asset allocation information on AllianzGI High Yield Bond Institutional Fund (AYBIX)

 

graph of AllianzGI High Yield Bond Institutional Fund (AYBIX) Top 10 Position TrackingTop 10 Holdings in AllianzGI High Yield Bond Institutional (AYBIX) Fund

Discover what AllianzGI High Yield Bond Institutional Fund (AYBIX) manager is buying

Apr 29, 2016
Harland Clarke Hldgs 144A 9.25% [1.14%]
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%]

Feb 28, 2016
Cedar Fair 5.375% [1.11%]
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%]

Dec 30, 2015
Intl Lease Fin 8.25% [1.32%]
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%]
Click here for Stock Holding Change Map in AllianzGI High Yield Bond Institutional Fund (AYBIX)

  

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AllianzGI High Yield Bond Institutional Fund (AYBIX) Related ResourcesSee more information on AllianzGI High Yield Bond Institutional (AYBIX) Fund

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