ALMMX — AllianzGI Emerging Markets Small-Cap Fund

Data updated: 2020-12-09

ALMMX — AllianzGI Emerging Markets Small-Cap Fund. Emerging Markets Real Estate · $5.25M AUM. Holdings, fees, performance and SEC filings.

ALMMX Fund Overview

ALMMX — AllianzGI Emerging Markets Small-Cap Fund is a US mutual fund managed by Virtus Strategy Trust, categorised as Emerging Markets 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: Emerging Markets Real Estate
Assets under management: $5.25M
1-year return: 7.6%
Ticker: ALMMX
SEC CIK: 0001423227
SEC series ID: S000047029
Share class ID: C000146986

ALMMX Investment Objective and Strategy

AllianzGI Emerging Markets Small-Cap 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 normally investing at least 80% of its net assets (plus borrowings made for investment purposes) in securities and instruments that are tied economically to emerging market countries and by investing at least 80% of its net assets (plus borrowings made for investment purposes) in companies with market capitalizations comparable to those of companies included in the MSCI Emerging Markets Small Cap Index (between $72.9 million and $5.2 billion as of December 31, 2017). The Fund currently defines emerging market countries as countries with securities markets that 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. The Funds portfolio managers consider a security to be tied economically to a country with an emerging securities market if it is classified as an emerging market security by MSCI Inc.

(MSCI), incorporated in an Emerging Market Country (as defined below), traded on an exchange in an Emerging Market Country or if it has exposure to an Emerging Market Country. The Fund will normally invest primarily in companies located in the countries represented in the Funds benchmark, which, as of the date of this Prospectus, is currently the MSCI Emerging Markets Small Cap Index (Emerging Market Countries). The Fund may also use participatory notes (P-Notes) to gain exposure to issuers in certain countries and may invest in exchange-traded funds (ETFs) to gain exposure to various markets and for other investment purposes. The portfolio managers seek to invest in emerging markets small-cap equities which they believe are benefiting from change not yet fully reflected in the market. The portfolio managers believe that behavioral biases of investors contribute to market inefficiencies, which can be exploited.

The portfolio managers begin with a selection universe of approximately 4,000 emerging markets small-cap securities. Their investment process uses a proprietary alpha model which blends behavioral and intrinsic-valuation factors in assessing individual securities prospects of outperforming the broader market. This multi-factor approach is integrated with a sophisticated risk model to form the basis of portfolio construction, with constraints at the individual security, industry and country levels to manage exposures relative to the benchmark index. Additionally, all investment recommendations are thoroughly vetted on a bottom-up basis to confirm the investment thesis and suitability before a purchase or sale. The integrated relationship between research and portfolio management combines the latest research from the academic and investment management communities with real-world portfolio management experience to attempt to maximize excess return opportunities within a framework that seeks to control risk.

In addition to common stocks, the Fund may invest in other equity securities (such as preferred stocks, convertible securities and warrants) and equity-related instruments. The Fund also may invest a portion of its assets in real estate investment trusts (REITs) and in securities issued in initial public offerings (IPOs). The Fund may utilize foreign currency exchange contracts, options, stock index futures contracts and other derivative instruments. Although the Fund does not expect to invest significantly in derivative instruments during its initial fiscal year, it may do so at any time.

ALMMX Performance

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

Period	Total return
1 year	7.6%

ALMMX Risk Information

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

1-year volatility (annualised): 33.4%

ALMMX Costs and Fees

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

Net expense ratio: 1.80%
Gross expense ratio: 3.00%
Portfolio turnover: 73%
Brokerage commissions: 10.30 bps of average net assets (SEC N-CEN)

ALMMX Cashflows

Over the 12 months to 2020-09, AllianzGI Emerging Markets Small-Cap Fund had net outflows of $2.77M, from monthly SEC N-PORT filings.

Month	Net flow
2020-09	−$562.29K
2020-08	$6.55K
2020-07	−$1.18M
2020-06	−$71.35K
2020-05	−$6.15K
2020-04	−$453.92K

ALMMX Debt Constituents

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

ALMMX Prospectus and SEC Filings

Official AllianzGI Emerging Markets Small-Cap Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Emerging Markets Real Estate 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.