AllianzGI NFJ Dividend Interest & Premium SFind Ratings Reports
- Last Ratings Update:10/31/2016
- Price as of 10/31/2016 :$12.22
- Net Assets:$1,369.32 Million
- Peer Rank:94 of 121
- Investment Rating:D+
We rate AllianzGI NFJ Div Int and Prem Str at D+. Negative factors that influence this rating include a below average total return. The fund invests approximately 71% of its assets in stocks and may be considered for investors seeking a Growth & Income strategy.
POSITIVES AND RISKS
Total return ranks below peers over the last three years. The AllianzGI NFJ Div Int and Prem Str has returned an annual rate of 2.78% since inception. More recently, the fund has generated a total return of 5.12% in the last five years, -1.75% in the last three years, and 4.67% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 41% of them. It has also outpaced 26% of its competitors on a three year basis and 48% of them over the last year for the period ending 10/31/2016. On a year to date basis, NFJ has returned 6.22%.
Downside risk has been above average. NFJ has a draw down risk of -39.88%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 11.9%. This fund has had moderate volatility in its monthly performance over the last 36 months. As of 10/31/2016, the fund was trading at a price of $12.22, which is 3.5% below its 52-week high of $12.66 and 1.1% above its 52-week low of $12.09.
Low expense ratio helps performance. On total assets of $1.37 billion, NFJ maintains a low expense ratio compared to its Growth & Income peers of just 1.02% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As NFJ is a closed end fund, it has no front end or back end load.
Manager tenure is a net positive but performance record lags managerial peers. Substandard fund managers tend to be replaced, so a long tenure is usually a good sign that a fund is achieving its objectives. The AllianzGI NFJ Div Int and Prem Str has been managed by Benno J. Fischer for the last 12 years. Over that period, the manager was able to capture more actual gains in excess of the expected return than just 15% of other fund managers.