AGMCX — AllianzGI Emerging Markets SRI Debt Fund

Data updated: 2020-08-24

AGMCX — AllianzGI Emerging Markets SRI Debt Fund. Money Market · $23.33M AUM · 1.80% expense ratio. Holdings, fees, performance and SEC filings.

AGMCX Fund Overview

AGMCX — AllianzGI Emerging Markets SRI Debt Fund is a US mutual fund managed by Virtus Strategy Trust, categorised as Money Market. 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: Money Market
Assets under management: $23.33M
1-year return: -1.0%
Ticker: AGMCX
SEC CIK: 0001423227
SEC series ID: S000045838
Share class ID: C000142887

AGMCX Investment Objective and Strategy

AllianzGI Emerging Markets SRI Debt 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 and current income.

Principal investment strategy

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 debt instruments issued by Emerging Market Sovereign, Emerging Market Quasi-Sovereign and Emerging Market Corporate issuers (each as defined below). The Funds investments in derivatives and other synthetic instruments that have economic characteristics similar to these investments will be counted toward satisfaction of the Funds 80% investment policy described above. The instruments in which the Fund may invest may be denominated in non-U.S. currencies or the U.S. dollar. The Funds average portfolio duration varies based on, among other things, the Managers forecast for interest rates. The Manager currently expects that the Funds average portfolio duration typically will vary from 2 to 12 years, but reserves the flexibility to deviate from this range and, at times, the Fund may have a negative average portfolio duration.

Duration is a measure used to determine the sensitivity of a securitys price to changes in interest rates. The longer a securitys duration, the more sensitive it will be to changes in interest rates. The Fund may invest in securities of any credit quality, and the Funds average credit quality can vary as the portfolio managers deem appropriate. Emerging Market Sovereigns, as used in the description above, refers to governments of emerging market countries. Emerging Market Quasi-Sovereigns refers to governmental entities, agencies and other issuers that are more than 50% owned, directly or indirectly, by an Emerging Market Sovereign, or whose obligations are guaranteed by an Emerging Market Sovereign. An Emerging Market Corporate issuer refers to any issuer other than an Emerging Market Sovereign or an Emerging Market Quasi-Sovereign that is located in an emerging market country.

Emerging market countries are generally located in Asia, Africa, the Middle East, Latin America and Eastern Europe. Countries with emerging market economies are those with securities markets that are, in the opinion of the Manager, less sophisticated than more developed markets in terms of participation by investors, analyst coverage, liquidity and regulation. The portfolio managers use a multi-step process in selecting securities to buy and sell that combines top-down and bottom-up analysis. In the top-down element of the process, the portfolio managers seek opportunities in selected emerging markets by identifying markets that they believe may benefit from broader macroeconomic, industry or capital market developments. Examples would include analysis of significant positive changes, such as political and economic trends and reforms, central bank policy adjustments, economic productivity, policy consistency, legislative initiatives, foreign currency reserves, interest-rate cycles, industrial production, commodities and manufacturing dependence, public-sector borrowing, expected bond issues, foreign exchange vulnerability and foreign ownership of an issuers bonds.

The portfolio managers also employ a bottom-up fundamental analysis of each country in its emerging markets universe. In selecting securities for investment, the portfolio managers may also seek to maximize returns by locating inefficiencies and mispriced investments along Emerging Markets countries sovereign, quasi-sovereign, local rates, foreign exchange rate and corporate curves. The portfolio managers then assess valuation across each countrys risk spectrum in order to determine the best risk/reward return opportunities available within each country. The assets under evaluation include but are not limited to hard currency Emerging Market Sovereigns and Emerging Market Quasi-Sovereigns, hard currency Emerging Market Corporates and local currency bonds. The bottom-up approach may vary for each sub-asset class.

This analysis may focus upon an individual issuer, its fundamental condition and the current market value of its debt instruments. As an example, in this step of the investment process, when evaluating corporate securities, the portfolio managers may focus on business analysis (analysis of a company and consideration of its corporate culture, managements track record and industry position), financial analysis (analysis of profitability and free cash flow and the quality of accounting practices and related disclosures), covenants (protection provided to the debt owner) and an issuers capital structure (analysis of the total composition of an issuers obligations and the protections provided to debt holders by an issuers different instruments). The portfolio managers then make a determination as to how aggressively or defensively to position the Funds overall portfolio.

This involves determining a balance between strategic long positions in higher-risk assets versus more defensive positioning in lower-risk assets. The portfolio managers seek to build a final portfolio of securities that reflects their assessment of relative value. As part of the Funds investment process, the portfolio managers also employ a risk management strategy that considers markets, duration, credit risk and liquidity risk. The Fund may invest in debt instruments of all types and denominated in any currency (including, without limitation, U.S. Dollars, Euros, Swiss Francs, Japanese Yen, British Pound Sterling and other major currencies, as well as local currencies of emerging market countries) whether subordinated or unsubordinated, secured or unsecured, quoted or unquoted, rated or unrated, or floating or fixed rate.

These may include, without limitation, bonds, debentures, notes, convertible securities, commercial paper, loans, participations, certificates of deposit, asset-backed securities and mortgage-backed securities. The Fund may also invest a portion of its assets in money market instruments, including money market funds denominated in U.S. dollars or other currencies, as well as other investment companies, if the investment companies invest principally in the types of investments in which the Fund may invest directly. Shorting of individual bonds may also be part of the investment strategy. The Fund may enter into short sales of bonds for a range of purposes, including: (i) to offset potential declines in long positions in similar securities; (ii) to increase the flexibility of the Fund; (iii) for investment return; (iv) as part of a risk arbitrage strategy; and (v) as part of its overall portfolio management strategies involving the use of derivative instruments.

The Fund may utilize various derivative instruments and related strategies, including to gain exposure to one or more of the issuers referred to above or other assets. The Fund may utilize derivatives of all types and may invest in, without limitation, call and put options, forward contracts and swap agreements (including as the buyer or seller of credit default swaps), credit-linked notes and other related instruments with respect to individual currencies, bonds, and securities of any kind, indices and baskets of securities, interest rates and currencies as part of its principal investment strategies. The Fund may use derivatives for hedging or efficient portfolio management purposes, but also may use them to increase the Funds investment exposure beyond that which it could achieve by investing directly in more conventional securities.

The Fund may invest in currency-related transactions, such as forward transactions (including deliverable and non-deliverable forwards), currency futures transactions and currency options transactions, and may also invest directly in foreign currencies, in each case for hedging or other investment purposes.

AGMCX Performance

Total returns for AGMCX (as of 2026-10-01), from SEC filings.

Period	Total return
1 year	-1.0%

AGMCX Risk Information

Risk metrics for AGMCX, derived from monthly returns in SEC filings.

1-year volatility (annualised): 13.5%

AGMCX Costs and Fees

AGMCX costs about $180 per $10,000 invested per year in fund expenses.

Net expense ratio: 1.80%
Gross expense ratio: 2.79%
Portfolio turnover: 176%
Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

AGMCX Cashflows

Over the 12 months to 2020-06, AllianzGI Emerging Markets SRI Debt Fund had net inflows of $3.18M, from monthly SEC N-PORT filings.

Month	Net flow
2020-06	−$1.12M
2020-05	$344
2020-04	−$9.84K
2020-03	$3.12M
2020-02	$2.85M
2020-01	−$497.63K

AGMCX Debt Constituents

No individual debt constituents are reported in AllianzGI Emerging Markets SRI Debt Fund's latest SEC N-PORT filing.

AGMCX Prospectus and SEC Filings

Official AllianzGI Emerging Markets SRI Debt Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Money Market funds tracked on ABC INVEST:

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.