ARTCX — AllianzGI Multi Asset Income Fund

Data updated: 2020-12-09

ARTCX — AllianzGI Multi Asset Income Fund. Income Allocation · $44.78M AUM · 1.70% expense ratio. Holdings, fees, performance and SEC filings.

ARTCX Fund Overview

ARTCX — AllianzGI Multi Asset Income Fund is a US mutual fund managed by Virtus Strategy Trust, categorised as Income Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

Type: US mutual fund
Manager: Virtus Strategy Trust
Category: Income Allocation
Assets under management: $44.78M
1-year return: -4.8%
Ticker: ARTCX
SEC CIK: 0001423227
SEC series ID: S000024365
Share class ID: C000072234

ARTCX Investment Objective and Strategy

AllianzGI Multi Asset Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Virtus Strategy Trust.

Investment objective

The Fund seeks current income

Principal investment strategy

The Fund seeks to achieve its investment objective through a combination of active allocation between asset classes and the use of both actively managed and passive strategies within those asset classes. The Fund allocates its investments among asset classes in response to changing market, economic, and political factors and events that the portfolio managers believe may affect the ability of the Fund to generate current income or may impact the value of the Funds investments. The Fund invests directly and indirectly in a globally diversified portfolio of equity securities, including emerging market equities, and in global fixed income securities, including high yield debt (commonly known as junk bonds), convertible bonds and emerging market debt. The Fund pursues its income objective with an emphasis on the preservation of capital and prudent investment management.

To gain exposure to the various asset classes, the Fund incorporates actively managed strategies and/or passive instruments by investing in certain affiliated mutual funds managed by AllianzGI U.S. and/or its affiliates (the Affiliated Underlying Funds), unaffiliated funds and other pooled vehicles (collectively, with the Affiliated Underlying Funds, Underlying Funds), exchange-traded funds (ETFs) and exchange-traded notes (ETNs), and derivative instruments that give synthetic exposure substantially similar to that of a security, basket of securities or other assets that would otherwise be included in such asset classes. The Fund may invest without limit in Underlying Funds and may invest a significant percentage of assets in a small number, or even one, of the Underlying Funds. The Fund targets a long-term average strategic asset allocation of 30% to global equity exposure, including REITs (the Equity Component) and 70% to global fixed income asset classes (the Fixed Income Component).

The Fund may also use actively managed strategies that attempt to generate capital gains in addition to dividends and coupons to support distributions. The Fixed Income Component may include non-U.S. investment grade debt, high yield debt from the United States and other developed markets, convertible bonds and emerging markets debt of any quality. The Fund will also be permitted to have up to a 20% allocation to other income generating instruments on an opportunistic basis (the Opportunistic Component), including preferred securities, bank loans and master limited partnerships (MLPs), as well as other opportunistic investments (e.g., commodities and managed futures), to seek to improve the Funds diversification profile. Only securities, instruments or actively managed strategies whose primary purpose is to gain exposure to one or more of the opportunistic asset classes are considered by the portfolio managers to be part of the Opportunistic Component.

Thus, exposure to opportunistic asset classes resulting from investments in diversified underlying strategies are not included in the calculation of the Opportunistic Component 20% limit. Depending on market conditions, the Equity Component may range between approximately 10% and 40% of the Funds assets and the Opportunistic Component may range between approximately 0% and 20% of the Funds assets. Within the Fixed Income Component, the total allocation to global high yield bonds, emerging market debt, and other areas of the fixed income market that the portfolio managers consider to have higher risk can range between 0% to 30% of the Funds portfolio; however, allocations to these higher-risk fixed income asset classes within underlying funds and allocations to lower volatility short-term high yield strategies are exempt from this restriction.

Although the portfolio managers expect that the Funds actual allocations will be relatively close to the strategic allocation on average and over a full market cycle, the portfolio managers may change the Funds actual allocation from time to time according to the previously defined process and allocation ranges. The portfolio managers analyze market cycles, economic cycles, valuations and yields of each asset class and their components and may adjust the Funds exposures to individual holdings and asset classes. Adjustments to the Funds exposure to equities, fixed income, and other asset classes are made in an effort to mitigate downside risk, including in times of severe market stress, and to increase the return potential in favorable markets. While the portfolio managers attempt to mitigate the downside risk to stabilize performance, there can be no assurance that the Fund will be successful in doing so.

The portfolio managers analyze momentum and momentum reversion as part of the investment process for the Fund. In addition to momentum and momentum reversion signals, the portfolio managers also analyze the levels of qualified income and overall yields, combined with an assessment of potential risks and other fundamentally based assessments to locate opportunities to seek to improve the Funds ability to distribute income and its overall return. After determining the asset allocation among the Components, the portfolio managers select particular investments in an effort to obtain exposure to the relevant mix of asset classes and to generate current income. The Fund may invest in any type of equity or fixed income security, including common and preferred stocks, mutual funds, ETFs, warrants and convertible securities, mortgage-backed securities, asset-backed securities and government and corporate bonds.

The Fund may invest in securities of companies of any capitalization, including smaller capitalization companies. The Fund also may make investments intended to provide exposure to one or more commodities or securities indices, currencies, and real estate-related securities. The Fund is expected to be highly diversified across industries, sectors, and countries. The Fund may liquidate a holding if it locates another instrument that offers a more attractive exposure to an asset class or when there is a change in the Funds target asset allocation, or if the holding is otherwise deemed inappropriate. In implementing these investment strategies, the Fund will make substantial use of futures and forward contracts, both long and short, for bonds, equities, REITs and currencies. The use of futures and forward contracts allows the Fund to tactically adjust its equity, bond and currency exposures and to avoid frequent trades in underlying mutual funds, as frequent trading in underlying mutual funds may generate higher trading costs and taxable distributions in those underlying funds.

The Fund may also incorporate other over-the-counter (OTC) or exchange-traded derivatives to gain, adjust or hedge exposure to different asset classes or market segments. This may include interest rate swaps, total return swaps, credit default swaps, options (puts and calls) purchased or sold by the Fund and structured notes. The Fund may maintain a significant percentage of its assets in cash and cash equivalents which will serve as margin or collateral for the Funds obligations under derivative transactions. As a result of its derivative positions, the Fund may have gross investment exposures in excess of 100% of its net assets (i.e., the Fund may be leveraged) and therefore subject to heightened risk of loss. The Funds performance can depend substantially on the performance of assets or indices underlying its derivatives even though it does not directly or indirectly own those underlying assets or indices.

ARTCX Performance

Total returns for ARTCX (as of 2026-10-01), from SEC filings.

Period	Total return
1 year	-4.8%

ARTCX Risk Information

Risk metrics for ARTCX, derived from monthly returns in SEC filings.

1-year volatility (annualised): 19.3%

ARTCX Costs and Fees

ARTCX costs about $170 per $10,000 invested per year in fund expenses.

Net expense ratio: 1.70%
Gross expense ratio: 1.88%
Portfolio turnover: 277%
Brokerage commissions: 10.29 bps of average net assets (SEC N-CEN)

ARTCX Cashflows

Over the 12 months to 2020-09, AllianzGI Multi Asset Income Fund had net inflows of $25.77M, from monthly SEC N-PORT filings.

Month	Net flow
2020-09	−$10.15M
2020-08	−$2.28M
2020-07	−$650.22K
2020-06	$499.20K
2020-05	$1.13M
2020-04	$131.82K

ARTCX Debt Constituents

No individual debt constituents are reported in AllianzGI Multi Asset Income Fund's latest SEC N-PORT filing.

ARTCX Prospectus and SEC Filings

Official AllianzGI Multi Asset Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Income Allocation funds tracked on ABC INVEST:

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.