ACBUX — AllianzGI Best Styles U.S. Equity Fund
Data updated: 2020-08-24
ACBUX — AllianzGI Best Styles U.S. Equity Fund. Developed ex-US Real Estate · $30.30M AUM · 1.40% expense ratio. Holdings, fees, performance and SEC filings.
ACBUX Fund Overview
ACBUX — AllianzGI Best Styles U.S. Equity Fund is a US mutual fund managed by Virtus Strategy Trust, categorised as Developed ex-US Real Estate. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Virtus Strategy Trust
- Category: Developed ex-US Real Estate
- Assets under management: $30.30M
- 1-year return: 3.6%
- Ticker: ACBUX
- SEC CIK: 0001423227
- SEC series ID: S000047027
- Share class ID: C000169078
ACBUX Investment Objective and Strategy
AllianzGI Best Styles U.S. Equity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Virtus Strategy Trust.
Investment objective
The Fund seeks long-term capital appreciation.
Principal investment strategy
The Fund seeks to achieve its investment objective by creating a diversified portfolio of U.S. equity securities. The Fund will normally invest at least 80% of its net assets (plus borrowings made for investment purposes) in equity securities and equity-related instruments, and the Fund will normally invest at least 80% of its net assets (plus borrowings made for investment purposes) in securities of U.S. companies. The Fund currently defines U.S. companies as those companies whose securities are traded in U.S. markets and that (i) are organized or headquartered in the United States or (ii) are designated as U.S. companies by commonly recognized market data services. The portfolio managers intend to diversify the Funds investments across economic sectors. The Fund may invest in issuers of any size market capitalization, including smaller capitalization companies.
The Funds investment strategy centers on the portfolio managers belief that individual investment styles (as described below) carry long-term risk premiums that are largely independent of the current economic or market environment and that can be captured using a disciplined investment approach. The investment process begins with a broad investment universe containing at least 1,000 equity securities. Next, individual securities are evaluated based on quantitative investment style research and may also be evaluated by the Managers fundamental research team. Investment style research categorizes companies through a proprietary quantitative model that scores each company along several investment style categories, described below (Value, Earnings Change, Price Momentum, Growth, and Quality). Fundamental research evaluates each company identified as an investment candidate through the quantitative investment style research process using a wide range of company-specific information gathered by in-house analysts and external sources.
In selecting individual stocks with attractive fundamental characteristics, the portfolio managers seek to diversify the mix of investment styles represented across the whole portfolio ( i.e. , by making sure high-scoring issuers from all of the investment styles are among the final holdings). The portfolio managers attempt to control for risk factors (such as over- and under-weights relative to the S&P 500 Index and the portfolios sensitivity to broader market movements (or beta)). The portfolio is managed with reference to the S&P 500 Index as to both risk and return and the portfolio managers intend, under normal circumstances, to have at least 150 equity securities in the Funds portfolio. The Fund may and intends to have significant holdings in stocks that are not included in the S&P 500 Index.
The Value investment style selects equity securities that the portfolio managers believe have attractive valuations based on metrics including dividend yield and price-to-earnings, price-to-cash flow and price-to-book ratios, as compared to other equity securities in the investable universe. The Earnings Change investment style is designed to capture shorter-term, trend-following investment opportunities and generally selects equity securities with positive earnings revisions, announcements or surprises. The Price Momentum investment style is also trend-following and generally selects equity securities with positive price momentum and relative strength within the investable universe. The Growth investment style generally selects equity securities with expected and historical earnings growth and dividend growth.
The Quality investment style generally emphasizes equity securities with strong profitability and historical earnings stability, and considers additional factors, such as whether a company has improving margins, positive net income, positive operating capital, decreasing long-term debt and high-quality earnings, among others. The Funds research suggests that, while each of the investment styles described above can be individually successful over the long-term and during certain periods, each investment style may also experience down-swings ( i.e. , during certain market, economic, or other conditions an individual investment style may underperform compared to the relevant broad equity market). Building a portfolio with a diversified mix of investment styles is the Funds attempt to mitigate what the portfolio managers believe to be the cyclical nature of the individual investment styles.
The Funds diversified mix of investment styles is expected to remain fairly stable over time. The Fund may participate in initial public offerings (IPOs). The Fund may also invest a portion of its assets in real estate investment trusts (REITs) and utilize foreign currency exchange contracts, stock index futures contracts, warrants and other derivative instruments.
ACBUX Performance
Total returns for ACBUX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 3.6% |
ACBUX Risk Information
Risk metrics for ACBUX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 23.5%
ACBUX Costs and Fees
ACBUX costs about $140 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.40%
- Gross expense ratio: 1.72%
- Portfolio turnover: 33%
- Brokerage commissions: 1.53 bps of average net assets (SEC N-CEN)
ACBUX Cashflows
Over the 12 months to 2020-06, AllianzGI Best Styles U.S. Equity Fund had net outflows of $52.76M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-06 | −$39.31K |
| 2020-05 | −$2.79M |
| 2020-04 | −$2.28M |
| 2020-03 | −$2.84M |
| 2020-02 | −$105.92K |
| 2020-01 | −$6.45M |
ACBUX Debt Constituents
No individual debt constituents are reported in AllianzGI Best Styles U.S. Equity Fund's latest SEC N-PORT filing.
ACBUX Prospectus and SEC Filings
Official AllianzGI Best Styles U.S. Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-02-19
- Prospectus (485BPOS) — filed 2019-02-22
- Prospectus (485BPOS) — filed 2018-02-16
- Portfolio holdings (N-PORT) — filed 2020-08-24
- Portfolio holdings (N-PORT) — filed 2020-05-12
- Portfolio holdings (N-PORT) — filed 2020-02-25
- Annual census (N-CEN) — filed 2019-12-09
- Annual census (N-CEN) — filed 2018-12-14
Related Funds
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Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.