AZNAX Mutual Fund — ALLIANZGI INCOME & GROWTH FUND CLASS A

ALLIANZGI INCOME & GROWTH FUND CLASS A (AZNAX)

Updated November 12, 2026.

AZNAX is a mutual fund. Its distribution rate is 2.07%, its trailing-12-month yield is 7.71%, its expense ratio is 1.1054%. Dividend Vision Distribution Safety Score™ is 90/100 (Safe). Total return is 301.8% over the past 19.7 years, 371.0 points behind SPY at 672.8%.

This actively managed mutual fund pursues income and growth by holding a diversified portfolio of common stocks, debt securities, and convertible securities while systematically selling covered call options against its equity holdings to enhance current returns. The fund distributes income monthly and carries a modest current distribution rate. It appeals to investors seeking a combination of current income and capital appreciation with reduced equity volatility through the covered call strategy.

AZNAX performance versus SPY

As of Nov 11, 2026

Total return is 301.8% over the past 19.7 years, 371.0 points behind SPY at 672.8%. Over the past year its total return — price change plus distributions reinvested — is 2.0%. Its deepest 1-year drawdown was 9.4%.

AZNAX key facts

Distribution Safety Score™

90 · Safe

Safety-Adjusted Yield

1.86%

Issuer

AllianzGI

Asset type

Mutual Fund

Asset class

Equity

Inception date

02/28/2007

Expense ratio

1.1054%

Distribution rate

2.07%

Distribution frequency

Monthly

Trailing yield

7.71%

Last close

$11.09 (as of 2026-11-12)

NAV

$10.74; NAV date unknown

Premium / discount

Premium not shown · NAV date unknown

AUM

$6,242,570,000

Average volume

0

Dividend

$0.075

Ex-dividend date

10/22/2026

Beta

0.86

How Dividend Vision calculates yield and returns

Distribution rate (2.07%) uses provider-reported trailing yield; special policy and denominator follow the provider. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing 12-mo distributions (incl. capital gains) (7.71%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: AllianzGI; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

AZNAX risks and drawbacks

AZNAX's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 9.4%.

Who may consider AZNAX — and who may not

AZNAX may suit someone looking for a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on AZNAX

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Tagged: Covered Call, Growth & Income, Active.

Frequently asked questions

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