ARIEX — AllianzGI Floating Rate Note Fund
Data updated: 2020-08-24
ARIEX — AllianzGI Floating Rate Note Fund. Bank Loans / Floating Rate Bond · $14.10M AUM · 0.30% expense ratio. Holdings, fees, performance and SEC filings.
ARIEX Fund Overview
ARIEX — AllianzGI Floating Rate Note Fund is a US mutual fund managed by Virtus Strategy Trust, categorised as Bank Loans / Floating Rate Bond. 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: Bank Loans / Floating Rate Bond
- Assets under management: $14.10M
- 1-year return: 0.2%
- Ticker: ARIEX
- SEC CIK: 0001423227
- SEC series ID: S000058110
- Share class ID: C000190247
ARIEX Investment Objective and Strategy
AllianzGI Floating Rate Note 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 to achieve total return in excess of traditional, shorter-duration fixed income products while managing portfolio risk.
Principal investment strategy
Effective immediately, within the Fund Summary relating to the Fund, the fifth paragraph in the subsection entitled Principal Investment Strategies is hereby deleted in its entirety and replaced with the following: The collateral underlying each of the CMBS included in the Funds Core holdings will be primarily located in the U.S., Canada and/or Europe (including the United Kingdom), but the Fund is otherwise not subject to geographical restrictions. The Fund may invest without limit in securities denominated in non-U.S. currencies. The Fund may have unhedged exposure to non-U.S. currencies, but will typically seek to hedge most or all such exposure. The Funds portfolio as a whole is expected to have a weighted average duration of between zero and three years under normal conditions. Under normal conditions, the Fund expects to maintain a portfolio with a weighted average credit rating that is investment grade, based on the highest rating assigned by Fitch, Moodys, DBRS, Kroll, Morningstar or S&P (or, for unrated securities, the Managers determinations).
While the Fund retains the flexibility to invest in individual securities whose durations or credit ratings are outside the normal target range for the portfolio as a whole, the Fund will normally invest less than 20% of its net assets in securities rated below investment grade or unrated and determined to be of similar quality (high-yield securities or junk bonds) and generally will not invest in securities rated CCC or below by S&P (or the equivalent if rated by another agency or if unrated). Under unusual market conditions, the portfolio managers may also permit the Funds weighted average duration or credit quality to be above or below the typical target ranges. The Fund expects to concentrate its investments in the real estate-related sector (which the Fund considers to include issuers of real estate-related securities), meaning that the Fund has adopted a fundamental policy (which may not be changed without shareholder approval) to invest more than 25% of its total assets in the real estate-related sector, increasing the Funds exposure to the risks associated with that sector.
Corresponding changes are hereby made to the subsection entitled Principal Investments and Strategies within the section entitled Principal Investments and Strategies of Each FundAllianzGI Real Estate Debt Fund. Please retain this Supplement for future reference.
ARIEX Performance
Total returns for ARIEX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 0.2% |
ARIEX Risk Information
Risk metrics for ARIEX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 9.1%
ARIEX Costs and Fees
ARIEX costs about $30 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.30%
- Gross expense ratio: 1.54%
- Portfolio turnover: 161%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
ARIEX Cashflows
Over the 12 months to 2020-06, AllianzGI Floating Rate Note Fund had net outflows of $201.35K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-06 | −$53.53K |
| 2020-05 | $10.00K |
| 2020-04 | $10.01K |
| 2020-03 | $26.13K |
| 2020-02 | $1.40M |
| 2020-01 | −$240.00K |
ARIEX Debt Constituents
No individual debt constituents are reported in AllianzGI Floating Rate Note Fund's latest SEC N-PORT filing.
ARIEX Prospectus and SEC Filings
Official AllianzGI Floating Rate Note 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 2020-08-24
- Portfolio holdings (N-PORT) — filed 2020-05-12
- Portfolio holdings (N-PORT) — filed 2020-02-25
- 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.