AMCIX — AllianzGI Micro Cap Fund
Data updated: 2020-05-13
AMCIX — AllianzGI Micro Cap Fund. Developed ex-US Micro Cap Growth Equity · $12.80M AUM · 1.34% expense ratio. Holdings, fees, performance and SEC filings.
AMCIX Fund Overview
AMCIX — AllianzGI Micro Cap Fund is a US mutual fund managed by Virtus Strategy Trust, categorised as Developed ex-US Micro Cap Growth 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 Strategy Trust
- Category: Developed ex-US Micro Cap Growth Equity
- Assets under management: $12.80M
- Ticker: AMCIX
- SEC CIK: 0001423227
- SEC series ID: S000028364
- Share class ID: C000086682
AMCIX Investment Objective and Strategy
AllianzGI Micro 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 maximum long-term capital appreciation.
Principal investment strategy
The Fund seeks to achieve its objective by normally investing at least 80% of its net assets (plus borrowings made for investment purposes) in equity securities of micro-cap companies. The Fund currently defines micro-cap companies as those with market capitalizations comparable to companies included in the Russell Microcap Growth Index (between $7.5 million and $2.5 billion as of December 31, 2017). The Fund may continue to hold securities of a portfolio company that subsequently appreciates in market capitalization above the top end of micro cap. Because of this, the Fund may have less than 80% of its net assets in micro cap stocks at any given time. The portfolio managers follow a disciplined, fundamental bottom-up research process focusing on companies undergoing positive fundamental change, with sustainable growth characteristics.
The portfolio managers look for what they believe to be the best risk-reward candidates within the investment universe, defined as equities that are expected to appreciate based on accelerating fundamental performance and related multiple expansion. Company-specific research includes industry and competitive analysis, revenue model analysis, profit analysis and balance sheet assessment. Once the portfolio managers believe that positive fundamental change is occurring and will likely lead to accelerating fundamental performance, they seek evidence that performance will be a longer-term sustainable trend. Lastly, the portfolio managers determine if the investment is timely with regard to relative valuation and price strength, and seek to exploit stocks that are under-priced relative to their potential.
In addition to common stocks and other equity securities (such as preferred stocks and convertible securities), the Fund may invest in securities issued in initial public offerings (IPOs), and may utilize foreign currency exchange contracts, options, stock index futures contracts, warrants and other derivative instruments. Although the Fund did not invest significantly in derivative instruments as of the most recent fiscal year end, it may do so at any time.
AMCIX Costs and Fees
AMCIX costs about $134 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.34%
- Gross expense ratio: 2.18%
- Portfolio turnover: 37%
- Brokerage commissions: 18.99 bps of average net assets (SEC N-CEN)
AMCIX Cashflows
Over the 12 months to 2020-03, AllianzGI Micro Cap Fund had net outflows of $913.69K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-03 | −$621.58K |
| 2020-02 | $141.58K |
| 2020-01 | −$242.92K |
| 2019-12 | −$23.34K |
| 2019-11 | −$191.59K |
| 2019-10 | −$341.22K |
AMCIX Debt Constituents
No individual debt constituents are reported in AllianzGI Micro Cap Fund's latest SEC N-PORT filing.
AMCIX Prospectus and SEC Filings
Official AllianzGI Micro Cap Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-02-19
- Prospectus (485BPOS) — filed 2019-02-22
- Prospectus supplement (497) — filed 2018-06-22
- Portfolio holdings (N-PORT) — filed 2020-05-13
- Portfolio holdings (N-PORT) — filed 2020-02-25
- Portfolio holdings (N-PORT) — filed 2019-11-18
- 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.