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AAUPX AllianzGI Ultra Micro Cap P

  • Fund
  • AAUPX
  • Price as of: Nov 15, 2018
  • $17.68
  • + $0.42
  • + 2.43%
  • Category
  • Micro Cap Equities

AAUPX - Profile

Vitals

  • YTD Return -2.9%
  • 3 Yr Annualized Return 6.1%
  • 5 Yr Annualized Return 4.5%
  • Net Assets $29.4 M
  • Holdings in Top 10 18.9%

52 WEEK LOW AND HIGH

$17.68
$17.26
$23.88

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.07%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 33.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000,000

IRA

$1,000,000

Investment Themes

CATEGORY

Micro Cap Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Small Growth

Distributions

  • YTD Total Return -2.9%
  • 3 Yr Annualized Total Return 6.1%
  • 5 Yr Annualized Total Return 4.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.62%
DIVIDENDS
  • Dividend Yield N/A
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name AllianzGI Ultra Micro Cap Fund
  • Fund Family Name Allianz Funds
  • Inception Date Dec 27, 2010
  • Shares Outstanding N/A
  • Share Class Other
  • Currency USD
  • Domiciled Country United States
  • Manager Robert S. Marren

Fund Description

The fund seeks to achieve its objective by normally investing at least 80% of its net assets (plus borrowings made for investment purposes) in equity securities of ultra micro-cap companies. The manager currently defines ultra micro-cap companies as those with market capitalizations less than two times the weighted average of the Russell Microcap Growth Index, i.e., capitalizations less than $1.3 billion as of December 31, 2017.

AAUPX - Performance

Return Ranking - Trailing

Period AAUPX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -2.9% -17.8% 20.9% 61.02% 4
1 Yr 1.5% -13.9% 34.9% 45.00% 3
3 Yr 6.1% * -1.9% 19.8% 90.74% 5
5 Yr 4.5% * 1.1% 20.1% 78.85% 4
10 Yr 15.9% * 1.9% 18.3% 11.11% 1

* Annualized


Return Ranking - Calendar

Period AAUPX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 -14.9% -17.6% 28.9% 93.10% 5
2016 -0.1% -22.1% 33.0% 87.50% 5
2015 -11.2% -30.4% 3.3% 55.56% 3
2014 -4.5% -24.9% 28.6% 35.29% 2
2013 59.3% 1.8% 64.7% 6.52% 1

Total Return Ranking - Trailing

Period AAUPX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -2.9% -17.8% 20.9% 61.02% 4
1 Yr 1.5% -13.2% 34.9% 45.00% 3
3 Yr 6.1% * 0.5% 19.8% 87.04% 5
5 Yr 4.5% * 1.1% 20.1% 80.77% 4
10 Yr 15.9% * 4.3% 18.3% 11.11% 1

* Annualized


Total Return Ranking - Calendar

Period AAUPX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 -14.9% -17.6% 28.9% 93.10% 5
2016 -0.1% -10.7% 33.0% 87.50% 5
2015 -3.2% -16.2% 8.2% 38.89% 2
2014 -3.9% -8.6% 47.2% 72.55% 4
2013 69.9% 1.8% 386.6% 34.78% 2

NAV & Total Return History

AAUPX - Holdings

Filings data as of: Sep 30, 2018

Concentration Analysis

AAUPX Category Low Category High AAUPX % Rank Quintile
Net Assets 29.4 M 3.66 M 6.48 B 40.98% 4
Number of Holdings 123 36 1670 14.75% 2
Net Assets in Top 10 6.42 M 405 K 296 M 42.62% 4
Weighting of Top 10 18.9% 4.0% 49.7% 32.79% 3

Top 10 Holdings

  1. NV5 Global Inc 2.13%
  2. Boingo Wireless Inc 2.18%
  3. DMC Global Inc 1.79%
  4. BioTelemetry Inc 1.95%
  5. Tabula Rasa HealthCare Inc 1.98%
  6. NeoGenomics Inc 1.77%
  7. IntriCon Corp 1.85%
  8. Surmodics Inc 1.80%
  9. Tactile Systems Technology Inc 1.88%
  10. LeMaitre Vascular Inc 1.55%

Asset Allocation

Weighting Category Low Category High AAUPX % Rank Quintile
Stocks
96.62% 74.84% 100.00% 26.23% 3
Cash
3.38% 0.00% 20.83% 31.15% 3
Preferred Stocks
0.00% 0.00% 3.73% 6.56% 5
Other
0.00% 0.00% 5.55% 16.39% 5
Convertible Bonds
0.00% 0.00% 0.03% 4.92% 5
Bonds
0.00% 0.00% 3.42% 4.92% 5

Stock Sector Breakdown

Weighting Category Low Category High AAUPX % Rank Quintile
Healthcare
36.81% 0.77% 38.13% 4.92% 1
Technology
20.41% 6.81% 47.46% 22.95% 3
Industrials
11.03% 4.41% 31.45% 45.90% 4
Consumer Cyclical
8.82% 3.21% 44.86% 49.18% 4
Financial Services
8.79% 0.00% 34.69% 39.34% 4
Energy
3.35% 0.00% 6.89% 19.67% 3
Communication Services
2.58% 0.00% 5.84% 11.48% 2
Basic Materials
2.16% 0.00% 13.90% 44.26% 4
Consumer Defense
1.78% 0.00% 9.77% 47.54% 4
Utilities
0.90% 0.00% 7.16% 16.39% 2
Real Estate
0.00% 0.00% 8.03% 42.62% 5

Stock Geographic Breakdown

Weighting Category Low Category High AAUPX % Rank Quintile
US
95.31% 65.52% 100.00% 21.31% 2
Non US
1.31% 0.00% 18.22% 40.98% 3

AAUPX - Expenses

Operational Fees

AAUPX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 2.07% 0.52% 6.72% 29.51% 4
Management Fee 1.10% 0.50% 1.50% 8.20% 4
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.15% 0.01% 0.40% 8.00% 5

Sales Fees

AAUPX Fees (% of AUM) Category Low Category High AAUPX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

AAUPX Fees (% of AUM) Category Low Category High AAUPX Rank Quintile
Max Redemption Fee N/A 1.00% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

AAUPX Fees (% of AUM) Category Low Category High AAUPX Rank Quintile
Turnover 33.00% 8.82% 177.00% 37.93% 3

AAUPX - Distributions

Dividend Yield Analysis

AAUPX Category Low Category High AAUPX % Rank Quintile
Dividend Yield N/A 0.00% 0.28% N/A N/A

Dividend Distribution Analysis

AAUPX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

AAUPX Category Low Category High AAUPX % Rank Quintile
Net Income Ratio -1.62% -2.31% 0.75% 80.33% 5

Capital Gain Distribution Analysis

AAUPX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

AAUPX - Managers

Robert S. Marren

Manager

Start Date

Jan 28, 2008

Tenure

10.76

Tenure Rank

10.3%

Mr. Marren is a portfolio manager and managing director with Allianz Global Investors, which he joined in 2007. He has portfolio-management and research responsibilities on the US Small Cap Growth team. Mr. Marren was previously the director of research and a portfolio manager for Duncan-Hurst Capital Management, and an assistant manager of corporate finance for Hughes Aircraft Company. Mr. Marren has a B.A. from the University of California, San Diego, and a M.B.A. from Duke University, Fuqua School of Business.


Stephen W. Lyford

Manager

Start Date

Apr 01, 2013

Tenure

5.59

Tenure Rank

21.2%

Mr. Lyford is a portfolio manager and a Director with Allianz Global Investors, which he joined in 2005. He has portfolio-management and research responsibilities for the US Small Cap Growth team. He was previously a co-analyst for small- and micro-cap portfolios with Duncan-Hurst Capital Management; before that, he worked with Trammel Crow. Mr. Lyford has a B.B.A. and a B.S. from Southern Methodist University, and an M.B.A. from the UCLA Anderson School of Management.


Blake H. Burdine

Manager

Start Date

Apr 01, 2015

Tenure

3.59

Tenure Rank

28.1%

Mr. Burdine is a portfolio manager and director with Allianz Global Investors, which he joined in 2007. He has research responsibilities for the US Small Cap Growth team. Mr. Burdine has 22 years of investment-industry experience. He was previously a portfolio manager and research analyst at Duncan-Hurst Capital Management, focusing on micro-cap and small-cap growth strategies; a portfolio manager and research analyst at CapitalWorks Investment Partners; a research analyst at USAA Investment Management and Credit Suisse First Boston; and an investment-banking analyst at Jefferies & Company and Howard, Weil, Labouisse, Friedrichs. Mr. Burdine has a B.A. from the University of Texas and an M.B.A. from the University of Texas, McCombs School of Business.


K. Mathew Axline

Manager

Start Date

May 11, 2010

Tenure

8.48

Tenure Rank

13.7%

Mr. Axline, CFA, is a portfolio manager and director with Allianz Global Investors, which he joined in 2004. He has portfolio-management and research responsibilities for the US Small Cap Growth team. Mr. Axline has more than 14 years of investment-industry experience. He was previously an associate with Pescadero Ventures, LLC, a business development manager for Icarian, Inc. and a wealth-management advisor with Merrill Lynch, Pierce, Fenner & Smith. Mr. Axline has a B.S. from The Ohio State University and an M.B.A. from Indiana University’s Kelley School of Business.


Tenure Analysis

Category Low

0.0

Category High

24.4

Category Average

6.51

Category Mode

0.5