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Trending ETFs

Name

As of 03/25/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$29.63

$34.1 M

5.46%

$1.62

1.84%

Vitals

YTD Return

3.7%

1 yr return

19.6%

3 Yr Avg Return

-3.2%

5 Yr Avg Return

4.5%

Net Assets

$34.1 M

Holdings in Top 10

22.7%

52 WEEK LOW AND HIGH

$29.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.84%

SALES FEES

Front Load 5.50%

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$2,500


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/25/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$29.63

$34.1 M

5.46%

$1.62

1.84%

AOPAX - Profile

Distributions

  • YTD Total Return 3.7%
  • 3 Yr Annualized Total Return -3.2%
  • 5 Yr Annualized Total Return 4.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.54%
DIVIDENDS
  • Dividend Yield 5.5%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Virtus International Small-Cap Fund
  • Fund Family Name
    Allianz Funds
  • Inception Date
    Feb 01, 2016
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Koji Nakatsuka

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 companies with smaller market capitalizations. The fund currently defines companies with smaller market capitalizations as those with market capitalizations comparable to companies included in the MSCI All Country World ex USA Small-Cap Index. Under normal circumstances, the fund expects to maintain a weighted-average market capitalization between 50% and 200% of the weighted-average market capitalization of the securities in the MSCI All Country World ex USA Small-Cap Index, which as of September 30, 2023 would permit the fund to maintain a weighted-average market capitalization ranging from $900 million to $2.8 billion. The fund normally invests principally in securities of issuers located outside the United States and allocates its investments among at least eight different countries. The fund may invest in emerging market securities.

Members of the portfolio management team believe that behavioral biases of investors contribute to market inefficiencies. Their quantitative investment process begins with a proprietary investment-return forecasting model which combines behavioral factors (which seek to capitalize on human behavioral biases (i.e., systematic tendencies) from financial analysts, company management and investors), with intrinsic and valuation factors (which are expected to provide tangible measures of a company’s true worth). The portfolio managers integrate this multi-factor approach with a proprietary risk model to form the basis of portfolio construction, with constraints at the individual security, country and industry levels to manage exposures relative to the benchmark. Additionally, all investment recommendations are thoroughly vetted on an individual company level to confirm the investment rationale and suitability before a purchase or sale.

In addition to common stocks and other equity securities (such as preferred stocks, convertible securities and warrants), the fund may invest in securities issued in initial public offerings (IPOs), real estate investment trusts (“REITs”) and may utilize foreign currency exchange contracts, options, stock index futures contracts and other derivative instruments. The fund typically does not engage in active hedging of currency but retains flexibility to do so depending on market performance. Although the fund did not invest significantly in derivative instruments as of the most recent fiscal year end, it may do so at any time.

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AOPAX - Performance

Return Ranking - Trailing

Period AOPAX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.7% -5.6% 9.0% 29.60%
1 Yr 19.6% -15.8% 35.2% 11.20%
3 Yr -3.2%* -26.4% 1.5% 42.24%
5 Yr 4.5%* -7.7% 10.0% 42.98%
10 Yr 3.7%* 0.7% 7.4% 67.07%

* Annualized

Return Ranking - Calendar

Period AOPAX Return Category Return Low Category Return High Rank in Category (%)
2023 12.6% -16.8% 28.8% 28.00%
2022 -27.9% -46.4% -21.4% 31.40%
2021 -11.8% -30.6% 16.4% 89.57%
2020 14.4% -1.5% 62.8% 65.22%
2019 22.2% 9.7% 44.0% 64.29%

Total Return Ranking - Trailing

Period AOPAX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.7% -5.6% 9.0% 29.60%
1 Yr 19.6% -15.8% 35.2% 11.20%
3 Yr -3.2%* -26.4% 1.5% 42.24%
5 Yr 4.5%* -7.7% 10.0% 42.98%
10 Yr 3.7%* 0.7% 7.4% 67.07%

* Annualized

Total Return Ranking - Calendar

Period AOPAX Return Category Return Low Category Return High Rank in Category (%)
2023 19.2% -16.5% 30.7% 16.80%
2022 -27.1% -46.4% -18.5% 38.02%
2021 5.9% -30.6% 24.7% 64.35%
2020 15.7% 1.6% 68.3% 70.43%
2019 23.9% 9.7% 44.0% 78.57%

NAV & Total Return History


AOPAX - Holdings

Concentration Analysis

AOPAX Category Low Category High AOPAX % Rank
Net Assets 34.1 M 25.2 K 6.04 B 79.37%
Number of Holdings 110 39 1618 42.06%
Net Assets in Top 10 7.42 M 686 K 1.06 B 80.16%
Weighting of Top 10 22.66% 5.3% 53.0% 54.76%

Top 10 Holdings

  1. iShares MSCI India Small-Cap ETF 3.74%
  2. Super Retail Group Ltd 2.83%
  3. Lawson Inc 2.11%
  4. Cia de Distribucion Integral Logista Holdings SA 2.08%
  5. Toyota Tsusho Corp 2.07%
  6. Sojitz Corp 2.06%
  7. Wienerberger AG 2.05%
  8. Saras SpA 1.93%
  9. Mizrahi Tefahot Bank Ltd 1.89%
  10. Warrior Met Coal Inc 1.89%

Asset Allocation

Weighting Return Low Return High AOPAX % Rank
Stocks
94.01% 89.56% 99.81% 88.89%
Cash
4.19% 0.00% 11.63% 35.71%
Preferred Stocks
1.80% 0.00% 8.16% 10.32%
Other
0.00% -0.09% 5.11% 53.17%
Convertible Bonds
0.00% 0.00% 0.00% 38.10%
Bonds
0.00% 0.00% 2.66% 40.48%

Stock Sector Breakdown

Weighting Return Low Return High AOPAX % Rank
Industrials
26.95% 0.00% 40.13% 34.13%
Technology
16.97% 6.70% 37.76% 50.79%
Healthcare
12.78% 1.74% 29.97% 46.83%
Financial Services
9.69% 1.92% 22.28% 39.68%
Consumer Cyclical
9.53% 1.31% 28.28% 69.84%
Real Estate
6.34% 0.00% 13.00% 12.70%
Communication Services
5.06% 1.49% 23.23% 58.73%
Utilities
4.12% 0.00% 5.12% 6.35%
Basic Materials
3.79% 0.00% 18.70% 69.05%
Consumer Defense
2.80% 1.61% 17.90% 88.89%
Energy
2.00% 0.00% 9.29% 35.71%

Stock Geographic Breakdown

Weighting Return Low Return High AOPAX % Rank
Non US
87.02% 62.81% 98.57% 73.81%
US
6.99% 0.00% 32.46% 35.71%

AOPAX - Expenses

Operational Fees

AOPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.84% 0.01% 41.09% 29.37%
Management Fee 1.00% 0.00% 1.75% 63.49%
12b-1 Fee N/A 0.00% 1.00% 24.24%
Administrative Fee N/A 0.05% 0.26% 97.10%

Sales Fees

AOPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.50% 3.50% 5.75% 68.75%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

AOPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

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.

AOPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 8.00% 236.00% 59.85%

AOPAX - Distributions

Dividend Yield Analysis

AOPAX Category Low Category High AOPAX % Rank
Dividend Yield 5.46% 0.00% 5.53% 1.59%

Dividend Distribution Analysis

AOPAX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Annual Annual

Net Income Ratio Analysis

AOPAX Category Low Category High AOPAX % Rank
Net Income Ratio 0.54% -1.81% 1.51% 22.31%

Capital Gain Distribution Analysis

AOPAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

Distributions History

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AOPAX - Fund Manager Analysis

Managers

Koji Nakatsuka


Start Date

Tenure

Tenure Rank

Jul 13, 2012

9.89

9.9%

Koji Nakatsuka, CFA, CMA, is a senior portfolio manager and a director with Allianz Global Investors, which he joined in 2005. He has more than 20 years of investment-industry experience. Mr. Nakatsuka previously managed a mid/small-cap investment trust at Goldman Sachs Asset Management. Before that, he was at Schroder Investment Management Japan as an equity analyst for mid/small caps. Mr. Nakatsuka has a B.A. in law from Sophia University.

Andrew Neville


Start Date

Tenure

Tenure Rank

Jul 13, 2012

9.89

9.9%

Mr. Neville is a lead portfolio manager and a director with Allianz Global Investors, which he joined in 2004. He is a member of the European & German Mid/Small Caps team. Mr. Neville has 20 years of investment-industry experience. He previously worked as a portfolio manager at Baring Asset Management, trained as a portfolio manager at AIB Govett Asset Management and worked as an audit manager for Deloitte & Touche. Mr. Neville has a B.S. in civil engineering from Imperial College London.

Bjoern Mehrmann


Start Date

Tenure

Tenure Rank

Jul 13, 2012

9.89

9.9%

Bjoern Mehrmann is a portfolio manager with Allianz Global Investors, which he joined in 2001. He is a member of the European & German Mid/Small Caps team. Mr. Mehrmann has 16 years of investment-industry experience. He has a B.S. in computer science from James Madison University and a master´s in business administration from EBS International University Schloss Reichartshausen, Germany.

Heinrich Ey


Start Date

Tenure

Tenure Rank

Jul 01, 2016

5.92

5.9%

Mr. Ey is a portfolio manager at Allianz Global Investors, which he joined in 1995. He is Co-CIO of the Europe Small Cap Equity Team and has portfolio-management and research responsibilities for the Europe Small Cap Equity team. Mr. Ey has investment-industry experience since 1995. He was previously as a trader for equity, bonds and derivative products at AllianzGI. In 1999 he joined the European funds management team to manage institutional and retail funds before moving to the European Research team in 2002. Prior to joining the firm, Heinrich worked as a trainee at L-Bank. Heinrich Ey holds a Masters of Business Administration (BA) from Baden-Württemberg Cooperative State University Karlsruhe. He is also a CFA charter holder, holds the DVFA/Certified European Financial Analyst (CEFA) designation and the DVFA/Certified ESG Analyst (CESGA) designation.

Miguel Pohl


Start Date

Tenure

Tenure Rank

Feb 01, 2018

4.33

4.3%

Miguel Pohl, CFA, is a portfolio manager and a director with Allianz Global Investors, which he joined in 2013. He is head of the Insurance Dedicated Small Caps team; his coverage focuses on small- and micro-cap companies in various sectors. Earlier in his career at the firm, Mr. Pohl was Head of Research for Allianz Aequitas and an analyst for Allianz SE. He has more than 17 years of investment-industry experience. Mr. Pohl has a diploma in business administration from the University of Münster, Germany, and studied accounting and finance at The University of Manchester, UK. Mr. Pohl is a CFA charterholder.

Winchester Stuart


Start Date

Tenure

Tenure Rank

Jan 01, 2020

2.41

2.4%

Stuart Winchester is a Hong Kong-based senior portfolio manager with Allianz Global Investors and a member of the Asia Pacific investment team. A highly experienced Asian equity portfolio manager, Stuart has spent a total of 36 years in Asia, the majority of them with AllianzGI which he joined in 1992. For the last 25 years Stuart has managed the Unconstrained Total Return Asia Pacific strategy. Before joining AllianzGI, Stuart worked at Wood Gundy in Japan before transferring to Indonesia to run an affiliate joint-venture merchant bank.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 28.52 5.66 0.17