The Fund seeks a high level of current income. | High Yield Bonds and Bank Loans | | Symbol ASHAX |
CUSIP Number
01880B603 |
Total Fund Assets (in millions)
$24.9 |
Share Class Inception Date
10/3/2011 |
Dividend Frequency
Monthly |
Maximum Sales Charge
3.75% |
Net Expense Ratio
0.950 |
Gross Expense Ratio
3.220 |
|
| Sales Range (USD) | Fee % |
|
$0
-
$99,999
|
3.75%
|
|
$100,000
-
$249,999
|
3.25%
|
|
$250,000
-
$499,999
|
2.25%
|
|
$500,000
-
$999,999
|
1.75%
|
|
$1,000,000
-
$2,000,000
|
0.00%*
|
|
$2,000,001
-
and above
|
0.00%*
|
Fund Overview
Summary
The Fund seeks a high level of current income while maintaining an average duration of less than three years and investing in what it believes to be high-quality high-yield bonds
Why Invest in This Fund
- Seeks A High Level of Current Income
The Allianz RCM Short Duration High Income Fund strategy employs short maturity U.S. high yield bonds and senior secured bank loans in an attempt to deliver a high level of current income. The investment process emphasizes credit research, while taking advantage of market inefficiencies to identify undervalued securities.
- Employs Extensive Credit Research
The team’s robust investment process begins with a top down assessment of the economic environment and interest rate trends to identify favorable industries. Following this top down review, the team begins an extensive credit research process to identify a company’s strengths and weaknesses followed by a valuation analysis to assess a security’s total return potential. The valuation analysis consists of a capital structure review and projection, priority of claims analysis, spread and relative value assessment. Finally, a diversified portfolio is constructed with securities of the best perceived relative value.
- Accesses a Seasoned Portfolio Management Team
Seasoned portfolio managers Eric Scholl and Thomas Saake have been working together managing high yield portfolios since 1992. Eric began his investment career in 1978, and has been working in the high yield bond market since 1980. Tom has over 20 years of experience in the high yield markets and was the administrator of the industry’s first ever Collateralized Bond Obligation.
 Eric Scholl Mr. Scholl is the CEO and a Managing Director of Caywood-Scholl. He is a member of the portfolio management team and is also responsible for the development and oversight of structured products.
Prior to joining the firm, Eric was a Senior Vice President in the high yield department of Donaldson, Lufkin & Jenrette where, in 1991, he received a special achievement award for his performance. Prior to DLJ, he was the Managing Director of high yield securities at PaineWebber where he managed the department's capital risk positions, sales, and research functions while also serving on the board. His career began on the corporate bond trading desk at Merrill Lynch and subsequently he was the Managing Director for high yield securities at L.F. Rothschild & Co. Eric began his investment career in 1978 and has worked in the high yield bond market since 1980 with experience on both the buy and sell sides including underwriting, sales, trading, research, and portfolio management. He received his AB degree from Princeton University in 1978.  Thomas Saake Mr. Saake is the President and a Managing Director of Caywood-Scholl. He is a member of the portfolio management team and oversees trading activities. Prior to acquisition by RCM in 1998, Tom was a principal and is now involved with the firm's business management and structured products. While at Caywood-Scholl, he was the administrator of the industry’s first ever CBO: Long Run Bond Corporation.Prior to joining the firm, Tom was an auditor at Imperial Credit Corporation and Treasury Supervisor at Prudential Insurance of America. Tom received his MBA from Loyola Marymount University and his bachelors degree in Business/Economics from California Lutheran University.
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