ASTHX — AllianzGI Short Term Bond Fund

Data updated: 2020-12-09

ASTHX — AllianzGI Short Term Bond Fund. Short Bond · $16.52M AUM · 0.64% expense ratio · 7.6% 1-yr return. Holdings, fees, performance and SEC filings.

ASTHX Fund Overview

ASTHX — AllianzGI Short Term Bond Fund is a US mutual fund managed by Virtus Strategy Trust, categorised as Short Bond. 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: Short Bond
Assets under management: $16.52M
1-year return: 7.6%
Ticker: ASTHX
SEC CIK: 0001423227
SEC series ID: S000062104
Share class ID: C000201070

ASTHX Investment Objective and Strategy

AllianzGI Short Term Bond 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 capital preservation, followed by liquidity and positive total return.

Principal investment strategy

The Fund seeks to achieve its investment objective by normally investing at least 80% of its net assets (plus borrowings made for investment purposes) in bonds, notes and other debt instruments, including derivatives that provide exposure to such investments. The Funds portfolio will normally have a dollar-weighted average maturity of 3 years or less. The Fund generally invests in corporate debt securities of U.S. issuers and corporate debt securities of non-U.S. issuers that are denominated in U.S. dollars; mortgage-backed, mortgage-related and other asset-backed securities, including privately issued mortgage-related securities and commercial mortgage-backed securities; securities guaranteed by the U.S. government, its agencies and instrumentalities; and inflation-linked investments, such as Treasury Inflation Protected Securities.

The Fund may invest up to 35% of its net assets in securities rated below investment grade or unrated and determined to be of similar quality (sometimes referred to as high-yield securities or junk bonds). The portfolio managers employ a conservative investment approach with an emphasis on capital preservation, followed by liquidity and positive total return. By focusing on higher quality issues, the investment team seeks to control credit risk and minimize downside volatility. The investment team seeks to identify segments of the fixed income market that have a positive outlook, tending to favor less-cyclical industries with more predictable, consistent income streams. This step of the investment process narrows the pool of potential investment candidates. The Funds allocations to different types of securities will vary and will generally be intended to reflect the market segments that offer the strongest mix of expected risk-adjusted return.

The portfolio managers apply a disciplined investment approach, making use of bottom-up fundamental research, to construct a portfolio for investment. The teams fundamental research process may include: breakdown of a company and its growth by division and region, including revenue model analysis; profit margin analysis; evaluation of the experience and quality of a companys management team; industry dynamics and competitive analysis; distribution channel, supply chain analysis, among other scoring criteria. In selecting specific debt instruments for investment, the portfolio managers will look to such factors as the issuers creditworthiness, the investments yield in relation to its credit quality and the investments relative value in relation to the market. The portfolio managers seek to construct a portfolio with lower volatility through the Funds approach to duration and credit quality.

The portfolio managers may sell a security for a variety of reasons, such as to invest in a company offering superior investment opportunities. The Fund may utilize foreign currency exchange contracts, options, stock index futures contracts, warrants and other derivative instruments. Although the Fund does not intend to make extensive use of derivatives, it may do so at any time. In response to adverse market, economic, political or other conditions, the Fund may deviate from its principal strategies described above for temporary defensive purposes. The Fund may be less likely to achieve its investment objective when it does so.

ASTHX Performance

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

Period	Total return
1 year	7.6%

ASTHX Risk Information

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

1-year volatility (annualised): 6.6%

ASTHX Costs and Fees

ASTHX costs about $64 per $10,000 invested per year in fund expenses.

Net expense ratio: 0.64%
Gross expense ratio: 2.81%
Portfolio turnover: 46%
Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

ASTHX Cashflows

Over the 12 months to 2020-09, AllianzGI Short Term Bond Fund had net inflows of $1.65M, from monthly SEC N-PORT filings.

Month	Net flow
2020-09	−$2.28M
2020-08	−$1.47M
2020-07	−$2.20M
2020-06	$310.77K
2020-05	−$2.47M
2020-04	$1.23M

ASTHX Debt Constituents

No individual debt constituents are reported in AllianzGI Short Term Bond Fund's latest SEC N-PORT filing.

ASTHX Prospectus and SEC Filings

Official AllianzGI Short Term Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Short Bond 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.