AIVAX — AllianzGI NFJ International Value Fund
Data updated: 2026-09-11
AIVAX — AllianzGI NFJ International Value Fund. Developed ex-US Multi-Cap / All-Cap Value Equity · $81.48M AUM. Holdings, fees, performance and SEC filings.
AIVAX Fund Overview
AIVAX — AllianzGI NFJ International Value Fund is a US mutual fund managed by Virtus Investment Trust, categorised as Developed ex-US Multi-Cap / All-Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Virtus Investment Trust
- Category: Developed ex-US Multi-Cap / All-Cap Value Equity
- Assets under management: $81.48M
- 1-year return: -1.1%
- Ticker: AIVAX
- SEC CIK: 0000867297
- SEC series ID: S000007964
- Share class ID: C000073581
AIVAX Investment Objective and Strategy
AllianzGI NFJ International Value Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Virtus Investment Trust.
Investment objective
The Fund seeks long-term growth of capital and income.
Principal investment strategy
The Fund seeks to achieve its objective by normally investing at least 65% of its net assets (plus borrowings made for investment purposes) in common stocks and other equity securities (such as preferred stocks, convertible securities and warrants) of non-U.S. companies with market capitalizations greater than $1 billion. The Fund normally invests significantly in securities that the portfolio managers expect will generate income (for example, by paying dividends). The Fund may invest up to 50% of its assets in emerging market securities. The Fund may also achieve its exposure to non-U.S. equity securities through investing in American Depositary Receipts (ADRs). The portfolio managers use a value investing style focusing on companies whose securities the portfolio managers believe are undervalued.
The portfolio managers partition the Funds 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 Funds selection universe, analyzing factors such as price momentum ( i.e. , changes in security price relative to changes in overall market prices) and earnings estimate revisions ( i.e. , changes in analysts earnings-per-share estimates), and also review and consider fundamental changes. After narrowing the universe through a combination of qualitative analysis and fundamental research, the portfolio managers select securities for the Fund.
AIVAX Holdings
Top 10 holdings of AllianzGI NFJ International Value Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Taiwan Semiconductor Manufacturing Company Ltd. | 7.57% |
| Asml Holding NV | 4.27% |
| Standard Chartered PLC | 3.99% |
| Japan Post Bank Co. Ltd. | 3.97% |
| Alphabet, Inc. | 3.56% |
| Foxconn Industrial Internet Co. Ltd. | 3.37% |
| Alibaba Group Holding Ltd. | 3.34% |
| Astellas Pharma, Inc. | 3.31% |
| Jd.com, Inc. | 2.97% |
| Samsung Electronics Co. Ltd. | 2.85% |
AIVAX Portfolio Allocation
Asset-class allocation of AllianzGI NFJ International Value Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.8% |
AIVAX Performance
Total returns for AIVAX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -1.1% |
| 3 years (annualised) | -4.0% |
AIVAX Risk Information
Risk metrics for AIVAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 20.4%
AIVAX Costs and Fees
AIVAX costs about $120 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.20%
- Gross expense ratio: 1.29%
- Portfolio turnover: 56%
- Brokerage commissions: 23.20 bps of average net assets (SEC N-CEN)
AIVAX Cashflows
Over the 12 months to 2026-06, AllianzGI NFJ International Value Fund had net outflows of $3.59M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$1.10M |
| 2026-05 | −$886.08K |
| 2026-04 | −$533.20K |
| 2026-03 | −$672.36K |
| 2026-02 | −$449.42K |
| 2026-01 | −$4.34M |
AIVAX Debt Constituents
No individual debt constituents are reported in AllianzGI NFJ International Value Fund's latest SEC N-PORT filing.
AIVAX Prospectus and SEC Filings
Official AllianzGI NFJ International Value Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-10-22
- Prospectus (485BPOS) — filed 2024-10-24
- Prospectus (485BPOS) — filed 2023-10-24
- Portfolio holdings (N-PORT) — filed 2026-08-28
- Portfolio holdings (N-PORT) — filed 2026-05-29
- Portfolio holdings (N-PORT) — filed 2026-02-26
- Annual census (N-CEN) — filed 2026-09-11
- Annual census (N-CEN) — filed 2025-09-12
Related Funds
Other Developed ex-US Multi-Cap / All-Cap Value Equity 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.