Virtus NFJ Emerging Markets Value Fund
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-1.2%
1 yr return
0.4%
3 Yr Avg Return
-8.0%
5 Yr Avg Return
0.9%
Net Assets
$34.8 M
Holdings in Top 10
39.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.45%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
AZMPX - Profile
Distributions
- YTD Total Return -1.2%
- 3 Yr Annualized Total Return -8.0%
- 5 Yr Annualized Total Return 0.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.44%
- Dividend Yield 4.2%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameVirtus NFJ Emerging Markets Value Fund
-
Fund Family NameAllianz Funds
-
Inception DateDec 18, 2012
-
Shares OutstandingN/A
-
Share ClassP
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerR. McKinney
Fund Description
The fund seeks to achieve its investment objective by normally investing at least 80% of its net assets (plus borrowings made for investment purposes) in equity securities of companies that are domiciled in or tied economically to countries with emerging securities markets—that is, countries with securities markets which are, in the opinion of the portfolio managers, less sophisticated than more developed markets in terms of participation by investors, analyst coverage, liquidity and regulation. Most countries with emerging securities markets are located in Asia, Africa, the Middle East, Latin America and Eastern Europe. The fund may achieve its exposure to non-U.S. equity securities in several ways, including through investing in American Depositary Receipts (“ADRs”), Global Depositary Receipts (“GDRs”) and other depositary receipts, in addition to direct investments in the securities of non-U.S. issuers. The fund may invest in exchange traded funds (“ETFs”).
Although the fund does not expect to invest significantly in foreign currency exchange contracts, options, stock index futures contracts and other derivative instruments, or access products such as participatory notes (“P-Notes”), it may do so at any time. The fund typically does not seek to hedge its exposure to securities denominated in non-U.S. dollar currencies but retains the flexibility to do so at any time.
In selecting investments for the fund, the portfolio managers use a value investing style focusing on companies the portfolio managers believe are undervalued, including smaller capitalization securities and real estate investment trusts (“REITs”). The portfolio managers partition the fund’s selection universe by industry and then identify what they believe to be undervalued securities in each industry to determine potential holdings for the fund representing a broad range of industry groups. The portfolio managers use quantitative factors to screen the fund’s selection universe, analyzing factors such as price-to-earnings ratios (i.e., share price relative to a company’s earnings), dividend yield, price-to-book ratios (i.e., share price relative to a company’s balance sheet value), price-to-cash-flow ratios (i.e., share price relative to a company’s cash flow). After still further narrowing the universe through a combination of qualitative analysis and fundamental research, the portfolio managers select securities for the fund.
AZMPX - Performance
Return Ranking - Trailing
Period | AZMPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.2% | -6.1% | 14.4% | 95.55% |
1 Yr | 0.4% | -6.1% | 41.9% | 97.84% |
3 Yr | -8.0%* | -22.7% | 9.1% | 71.88% |
5 Yr | 0.9%* | -7.2% | 11.5% | 83.39% |
10 Yr | 2.7%* | -2.3% | 6.8% | 52.43% |
* Annualized
Return Ranking - Calendar
Period | AZMPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.2% | -6.5% | 35.5% | 83.67% |
2022 | -28.9% | -50.1% | -2.4% | 81.08% |
2021 | 2.1% | -33.1% | 22.5% | 17.91% |
2020 | 19.8% | -22.1% | 80.1% | 38.10% |
2019 | 18.3% | -0.7% | 42.0% | 49.92% |
Total Return Ranking - Trailing
Period | AZMPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.2% | -6.1% | 14.4% | 95.55% |
1 Yr | 0.4% | -6.1% | 41.9% | 97.84% |
3 Yr | -8.0%* | -22.7% | 9.1% | 71.88% |
5 Yr | 0.9%* | -7.2% | 11.5% | 83.39% |
10 Yr | 2.7%* | -2.3% | 6.8% | 52.43% |
* Annualized
Total Return Ranking - Calendar
Period | AZMPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.1% | -2.7% | 42.0% | 81.24% |
2022 | -27.8% | -42.2% | 1.9% | 83.59% |
2021 | 2.5% | -32.5% | 33.1% | 31.42% |
2020 | 22.4% | -20.0% | 81.6% | 35.18% |
2019 | 21.8% | 2.3% | 42.0% | 44.50% |
NAV & Total Return History
AZMPX - Holdings
Concentration Analysis
AZMPX | Category Low | Category High | AZMPX % Rank | |
---|---|---|---|---|
Net Assets | 34.8 M | 653 K | 96.1 B | 84.53% |
Number of Holdings | 88 | 10 | 6829 | 55.20% |
Net Assets in Top 10 | 15.2 M | 299 K | 17.9 B | 83.07% |
Weighting of Top 10 | 38.96% | 2.9% | 122.2% | 26.84% |
Top 10 Holdings
- Taiwan Semiconductor Manufacturing Co Ltd 7.28%
- ENN Energy Holdings Ltd 4.26%
- Li Ning Co Ltd 4.20%
- ANTA Sports Products Ltd 3.99%
- ASML Holding NV 3.71%
- Tencent Holdings Ltd 3.45%
- HDFC Bank Ltd 3.29%
- MonotaRO Co Ltd 3.23%
- Nippon Paint Holdings Co Ltd 3.11%
- Luxshare Precision Industry Co Ltd 2.44%
Asset Allocation
Weighting | Return Low | Return High | AZMPX % Rank | |
---|---|---|---|---|
Stocks | 98.14% | 0.00% | 103.65% | 31.20% |
Cash | 1.02% | -2.03% | 20.51% | 67.20% |
Preferred Stocks | 0.84% | 0.00% | 10.17% | 46.40% |
Other | 0.00% | -1.64% | 50.31% | 54.40% |
Convertible Bonds | 0.00% | 0.00% | 7.40% | 41.88% |
Bonds | 0.00% | 0.00% | 94.30% | 50.00% |
Stock Sector Breakdown
Weighting | Return Low | Return High | AZMPX % Rank | |
---|---|---|---|---|
Technology | 33.76% | 0.00% | 47.50% | 4.99% |
Financial Services | 13.96% | 0.00% | 48.86% | 90.42% |
Consumer Cyclical | 12.04% | 0.00% | 48.94% | 49.93% |
Communication Services | 11.44% | 0.00% | 39.29% | 17.27% |
Industrials | 7.15% | 0.00% | 43.53% | 33.47% |
Basic Materials | 7.12% | 0.00% | 30.03% | 62.35% |
Healthcare | 5.17% | 0.00% | 16.53% | 29.01% |
Energy | 3.56% | 0.00% | 24.80% | 58.30% |
Consumer Defense | 2.64% | 0.00% | 25.90% | 92.31% |
Utilities | 2.35% | 0.00% | 39.12% | 32.93% |
Real Estate | 0.82% | 0.00% | 17.15% | 67.88% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | AZMPX % Rank | |
---|---|---|---|---|
Non US | 92.96% | 0.00% | 100.18% | 20.00% |
US | 5.18% | 0.00% | 101.58% | 69.33% |
AZMPX - Expenses
Operational Fees
AZMPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.45% | 0.03% | 24.48% | 43.11% |
Management Fee | 0.85% | 0.00% | 2.00% | 42.86% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.85% | 76.92% |
Sales Fees
AZMPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
AZMPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 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.
AZMPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 189.00% | 84.97% |
AZMPX - Distributions
Dividend Yield Analysis
AZMPX | Category Low | Category High | AZMPX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.25% | 0.00% | 9.88% | 54.27% |
Dividend Distribution Analysis
AZMPX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annual | Annual | Annual |
Net Income Ratio Analysis
AZMPX | Category Low | Category High | AZMPX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.44% | -1.98% | 17.62% | 60.72% |
Capital Gain Distribution Analysis
AZMPX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 21, 2024 | $0.010 | OrdinaryDividend |
Dec 21, 2023 | $0.164 | OrdinaryDividend |
Sep 21, 2023 | $0.043 | OrdinaryDividend |
Jun 22, 2023 | $0.038 | OrdinaryDividend |
Mar 16, 2023 | $0.030 | OrdinaryDividend |
Dec 22, 2022 | $0.193 | OrdinaryDividend |
Sep 22, 2022 | $0.005 | OrdinaryDividend |
Jun 16, 2022 | $0.009 | OrdinaryDividend |
Mar 17, 2022 | $0.008 | OrdinaryDividend |
Dec 16, 2021 | $0.041 | OrdinaryDividend |
Sep 16, 2021 | $0.024 | OrdinaryDividend |
Jun 17, 2021 | $0.009 | OrdinaryDividend |
Mar 18, 2021 | $0.000 | OrdinaryDividend |
Dec 17, 2020 | $0.270 | OrdinaryDividend |
Sep 17, 2020 | $0.080 | OrdinaryDividend |
Jun 18, 2020 | $0.053 | OrdinaryDividend |
Mar 19, 2020 | $0.007 | OrdinaryDividend |
Dec 19, 2019 | $0.095 | OrdinaryDividend |
Sep 19, 2019 | $0.206 | OrdinaryDividend |
Jun 20, 2019 | $0.143 | OrdinaryDividend |
Mar 21, 2019 | $0.043 | OrdinaryDividend |
Dec 20, 2018 | $0.000 | OrdinaryDividend |
Jun 21, 2018 | $0.106 | OrdinaryDividend |
Mar 22, 2018 | $0.007 | OrdinaryDividend |
Sep 21, 2017 | $0.093 | OrdinaryDividend |
Jun 22, 2017 | $0.088 | OrdinaryDividend |
Dec 22, 2016 | $0.242 | OrdinaryDividend |
Sep 22, 2016 | $0.157 | OrdinaryDividend |
Jun 16, 2016 | $0.131 | OrdinaryDividend |
Dec 17, 2015 | $0.280 | OrdinaryDividend |
Sep 17, 2015 | $0.107 | OrdinaryDividend |
Jun 18, 2015 | $0.110 | OrdinaryDividend |
Mar 19, 2015 | $0.030 | OrdinaryDividend |
Dec 18, 2014 | $0.351 | OrdinaryDividend |
Sep 18, 2014 | $0.079 | OrdinaryDividend |
Jun 19, 2014 | $0.064 | OrdinaryDividend |
Dec 19, 2013 | $0.226 | OrdinaryDividend |
Jun 20, 2013 | $0.183 | OrdinaryDividend |
Mar 21, 2013 | $0.001 | OrdinaryDividend |
AZMPX - Fund Manager Analysis
Managers
R. McKinney
Start Date
Tenure
Tenure Rank
Dec 18, 2012
9.45
9.5%
Mr. McKinney is a portfolio manager, an analyst and a managing director with Allianz Global Investors. As a member of the Value Equity US Team, he is the product team co-lead for the Dividend Value investment strategy. Before joining the firm in 2006, he was an equity analyst covering the energy sector for Evergreen Investments, an investment-banking analyst at Alex. Brown & Sons, a vice president in equity research at Merrill Lynch and an equity analyst at Morgan Stanley. Mr. McKinney has a B.A. in economics from Dartmouth College and an M.B.A. from The Wharton School, The University of Pennsylvania. He is a CFA charterholder.
Thomas Oliver
Start Date
Tenure
Tenure Rank
Dec 18, 2012
9.45
9.5%
Thomas Oliver is a managing director and senior portfolio manager/analyst at NFJ Investment Group. He serves as a co-lead portfolio manager of the NFJ Dividend Value, NFJ Large Cap Value and NFJ All Cap Value strategies. Prior to joining NFJ in 2005, Mr. Oliver was a manager of corporate reporting at Perot Systems and an auditor at Deloitte & Touche. Mr. Oliver earned a B.B.A. and an M.B.A. from the University of Texas. He is a Chartered Financial Analyst® (CFA®) charterholder and has his Certified Public Accountant (CPA) designation. He began his career in the investment industry in 1995.
John Mowrey
Start Date
Tenure
Tenure Rank
Apr 01, 2013
9.17
9.2%
John Mowrey is an executive managing director, senior portfolio manager/analyst, and chief investment officer of NFJ Investment Group, responsible for the overall investment policy for all value equity portfolios, hiring new talent, and building out the team’s investment capabilities. He serves as co-lead portfolio manager for the NFJ Mid Cap Value, NFJ Small Cap Value, NFJ Emerging Markets Value, and NFJ Infrastructure Income strategies. Mr. Mowrey joined NFJ in 2007 and has been quoted and featured in a number of national publications, including Barron’s, Kiplinger and MarketWatch, and has been a featured guest on CNBC. He earned a B.A. in political science from Rhodes College and an M.B.A. from Southern Methodist University. He is a Chartered Financial Analyst® (CFA®) charterholder.
J. Garth Reilly
Start Date
Tenure
Tenure Rank
May 02, 2018
4.08
4.1%
J. Garth Reilly is a managing director and senior portfolio manager/analyst at NFJ Investment Group. He serves as a co-lead portfolio manager/analyst of the NFJ Emerging Markets Value, NFJ International Value, and NFJ Infrastructure Income strategies. Prior to joining NFJ in 2005, he was an intern at Luther King Capital Management and Citigroup Alternative Investments. Mr. Reilly earned a B.A. in political economy from Princeton University and an M.B.A. from Southern Methodist University.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 33.71 | 6.53 | 13.42 |