APMRX — AllianzGI PerformanceFee Managed Futures Strategy Fund
Data updated: 2020-12-09
APMRX — AllianzGI PerformanceFee Managed Futures Strategy Fund. Commodity · $25.16M AUM · 0.21% expense ratio. Holdings, fees, performance and SEC filings.
APMRX Fund Overview
APMRX — AllianzGI PerformanceFee Managed Futures Strategy Fund is a US mutual fund managed by Virtus Strategy Trust, categorised as Commodity. 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: Commodity
- Assets under management: $25.16M
- 1-year return: -12.3%
- Ticker: APMRX
- SEC CIK: 0001423227
- SEC series ID: S000059664
- Share class ID: C000195321
APMRX Investment Objective and Strategy
AllianzGI PerformanceFee Managed Futures Strategy 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 pursues its objective of seeking long-term capital appreciation by investing in both long and short positions across multiple asset classes, including equity, fixed income, commodities, currencies and other asset classes described in greater detail below. There are no geographic limits on the market exposure of the Funds assets. The Fund actively adjusts its asset class allocations based on a dynamic approach. The Funds active approach to asset allocation is comprised of two components. The first component involves the use of a proprietary approach to allocate the Funds investments across asset classes based on quantitative criteria. The second component uses a mix of both quantitative and qualitative assessments in order to make tactical adjustments to the Funds asset allocation.
The Fund will seek exposure to different asset classes, including, without limitation, global equities, real estate investment trusts (REITs), commodities, sovereign bonds, covered bonds, inflation-linked bonds, corporate bonds, mortgage-backed securities, asset-backed securities, high yield bonds (sometimes referred to as junk bonds), emerging markets bonds and various currencies by investing in both long and short positions across those asset classes. The Fund expects to obtain exposure to these asset classes through listed futures, over-the-counter forward contracts and/or a wide range of additional derivatives, including credit default swaps and other swaps. The Fund may also make direct investments in exchange- traded funds, exchange-traded notes, bonds, open-end mutual funds and securities of individual issuers.
The portfolio managers retain full discretion in determining how the Fund obtains exposure to the targeted asset classes. The Fund is not subject to limitations with respect to its assets class allocations, and may invest as much as all or as little as none of its assets in a given asset class. The Fund expects to invest in commodity-related instruments, including commodity futures, through its wholly-owned and controlled subsidiary (the Subsidiary), which, like the Fund, is advised by the Manager. The Fund may invest no more than 25% of its assets in the Subsidiary. The Subsidiary is expected to invest primarily in commodity futures, forwards and swap contracts, short-term bonds and other cash substitutes, but it also may invest in other asset classes. Unless otherwise indicated, all references in the Funds prospectus to the Funds investments, investment strategies and investment risks include both direct investments and indirect investments made through the Subsidiary.
The Fund may use derivatives in the manner described above, and also may otherwise use derivatives to achieve its investment objective. Derivatives used by the Fund may include futures, options, interest rate swaps, credit default swaps and credit default swaps on indices, currency forwards, foreign currency exchange contracts, options, stock index futures contracts, warrants and other derivative instruments. While the Fund does not expect to borrow under normal circumstances, it will obtain operational leverage, including through the use of certain derivative instruments. The operational leverage may occur due to the low margin deposits required in futures and options trading and in trading certain other financial instruments. A sudden, precipitous drop in value of the Funds assets accompanied by corresponding margin calls could force the Fund to liquidate assets quickly, and not for fair value, in order to meet its margin requirements.
APMRX Performance
Total returns for APMRX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -12.3% |
APMRX Risk Information
Risk metrics for APMRX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 7.8%
APMRX Costs and Fees
APMRX costs about $21 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.21%
- Gross expense ratio: 1.15%
- Portfolio turnover: 184%
- Brokerage commissions: 13.71 bps of average net assets (SEC N-CEN)
APMRX Cashflows
Over the 12 months to 2020-09, AllianzGI PerformanceFee Managed Futures Strategy Fund had net outflows of $1.70M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-09 | −$2.50M |
| 2020-08 | −$67.38K |
| 2020-07 | −$48.64K |
| 2020-06 | −$179.70K |
| 2020-05 | $13.00K |
| 2020-04 | −$76.76K |
APMRX Debt Constituents
No individual debt constituents are reported in AllianzGI PerformanceFee Managed Futures Strategy Fund's latest SEC N-PORT filing.
APMRX Prospectus and SEC Filings
Official AllianzGI PerformanceFee Managed Futures Strategy 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 2020-11-04
- Portfolio holdings (N-PORT) — filed 2020-08-24
- Portfolio holdings (N-PORT) — filed 2020-05-12
- Annual census (N-CEN) — filed 2020-12-09
- Annual census (N-CEN) — filed 2019-12-09
Related Funds
Other Commodity 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.