CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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AllianzGI Convertible & Income 2024 Target Term Fund (CBH)

Taxable Bond Funds - High Yield Bond Funds

Data as of Dec. 13, 2018
Market Price $8.32 (- $0.04)
NAV (Dec. 13, 2018) $9.39 (- $0.01)
Premium / Discount -11.40% (-0.33%)
Fund Info
Inception June 30, 2017
Sponsor Allianz Global Investors
Website https://us.allianzgi.c...
Objective: Generate a high level of current income and to return the original net asset value per share to shareholders on or about September 1, 2024
Related Indexes
US Bond Index
Capital & Leverage
Outstanding Shares 18,257,012
Total Assets (Reported: Aug. 31, 2018) $260M
Estimated Total Assets $239M
Net Assets $171M
Market Cap $152M
Purchases Turnover 179.65%
Sales Turnover 66.24%
Total Leverage 28.41%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 2.34%
Non Lev Exp Ratio 1.21%
Rel Lev Cost 2.78%
Discount Data
Average Discount (3 Yr) %
Discount Low(3 Yr) -11.40%
Discount High(3 Yr) 4.76%
Discount Rel Range 0.00%
Comp Discount -1.77
Discount St Dev (1Yr) 1.27
Z-Stat (6mo) -3.03
Z-Stat (1Yr) -3.65
Z-Stat (3Yr)
Comp Z-Stat (6mo) -2.36
Comp Z-Stat (3Yr)
Distribution Data
Market Yield 6.63%
Income Yield 6.63%
Lev Adj NAV Yield 4.58%
Distribution Frequency M
Current Distribution $0.046
Current Income $0.046
Ex-Date 12/12/18
Payable Date 1/2/19
Div Growth (3yr) %
Dividend Change % on
Expected Div 1/2/19
RoC (1yr) 1.67%
RoC (3yr) 1.18%
Tax Dividend Data 2017
Income 100%
ST Gains 0%
QDI 0%
LT Gains 0%
RoC 0%
Volume & Liquidity
Average Daily $ (M) $423
Avg Volume 30 day 68,196
Avg Volume 90 day 50,892
Volume Trend 34.00%
Comp Volume Trend 16.87%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's High Yield Bond Index
Most Correlated Peer (Mk Pr): HYT 64.0%
NAV - Price Correlation (30 d) 91.9%
NAV - Price Correlation (90 d) 97.5%
NAV - Price Correlation (1 Yr) 91.4%
Price St Dev (1Yr) 10.1%
NAV St Dev (1Yr) 4.1%
Earnings / Share (8/31/18) $0.049
Earn Coverage 107.17%
Earnings Trend Up
UNII / Share (8/31/18) $0.158
Rel UNII 28.66
UNII Trend Up
Bond Specific Data
Maturity 4.89
Credit Rating (rbo) B
Investment Grade 6.27%
Non Investment Grade 64.09%
Unrated Bonds 29.65%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's High Yield Bond Index


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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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