ARMAX — AllianzGI Global Natural Resources Fund

Data updated: 2020-05-27

ARMAX — AllianzGI Global Natural Resources Fund. Emerging Markets Multi-Cap / All-Cap Blend / Core Equity. Holdings, fees, performance and SEC filings.

ARMAX Fund Overview

ARMAX — AllianzGI Global Natural Resources Fund is a US mutual fund managed by Virtus Investment Trust, categorised as Emerging Markets Multi-Cap / All-Cap Blend / Core 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: Emerging Markets Multi-Cap / All-Cap Blend / Core Equity
Assets under management: $7.00M
Ticker: ARMAX
SEC CIK: 0000867297
SEC series ID: S000007978
Share class ID: C000033266

ARMAX Investment Objective and Strategy

AllianzGI Global Natural Resources 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 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 equity securities of companies that are associated with natural resources, including those companies that are principally or substantially engaged in the research, development, manufacturing, extraction, distribution or sale of materials, energy or goods related to the Agriculture, Energy, Materials or Commodity-Related Industrials sectors. The Fund considers (i) the Agriculture sector to include products such as grain, vegetable oils, livestock and agricultural-type products such as coffee; (ii) the Energy sector to include products such as natural gas, oil, alternative energy and electricity, energy storage and coal; (iii) the Materials sector to include products such as chemicals & fertilizers, constructions materials, industrial metal, precious metal, steel, minerals and paper products; and (iv) the Commodity-Related Industrials sector to include industrial firms that manufacture tools, equipment and goods used in the development and production of commodities or that maintain infrastructure used in their transportation.

Under normal conditions, the portfolio managers seek to allocate investments across a range of investment opportunities and businesses in the Agriculture, Energy, Materials and Commodity-Related Industrials sectors. The relative weightings of these sectors in the Funds portfolio may vary from time to time. The Fund expects to invest most of its assets in U.S. and non-U.S. common stocks. Under normal circumstances, the Fund will invest a minimum of 1/3 of its assets in non-U.S. securities and will allocate its investments among securities of issuers located in at least eight different countries (which may include the U.S.). The Fund may also invest in securities issued in initial public offerings (IPOs) and up to 10% of its net assets in securities issued by other investment companies, including exchange-traded funds (ETFs).

The Funds portfolio manager will evaluate the relative attractiveness of individual commodity cycles, including supply-demand fundamentals, pricing outlook and impact on U.S. and non-U.S. macroeconomic indicators like inflation. In addition, the portfolio manager may consider forecasts of economic growth, inflation and interest rates to help identify industry sectors, regions and individual countries (including emerging market countries) that the portfolio manager believes are likely to offer the best investment opportunities. Companies Environmental, Social and Corporate Governance (ESG) practices are also considered as the portfolio manager believes this offers an additional level of risk management in the investment process. ESG practices are considered and measured by the intrinsic ESG analyst team.

The portfolio manager seeks to evaluate the degree to which companies earnings are influenced by commodity price changes, as well as companies fundamental value and prospects for growth. The Fund regularly writes covered call options on a portion of the stocks held in its portfolio, a strategy that seeks to generate gains from option premiums while potentially limiting the volatility of portfolio returns. In addition to common stocks and other equity securities (such as preferred stocks, convertible securities and warrants), the Fund may utilize foreign currency exchange contracts, options, stock index futures contracts 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.

ARMAX Costs and Fees

ARMAX costs about $144 per $10,000 invested per year in fund expenses.

Net expense ratio: 1.44%
Gross expense ratio: 1.44%
Portfolio turnover: 76%
Brokerage commissions: 14.41 bps of average net assets (SEC N-CEN)

ARMAX Cashflows

Over the 12 months to 2020-03, AllianzGI Global Natural Resources Fund had net outflows of $1.20M, from monthly SEC N-PORT filings.

Month	Net flow
2020-03	$529.84K
2020-02	$20.42K
2020-01	−$321.53K
2019-12	$97.23K
2019-11	−$284.36K
2019-10	−$193.70K

ARMAX Debt Constituents

No individual debt constituents are reported in AllianzGI Global Natural Resources Fund's latest SEC N-PORT filing.

ARMAX Prospectus and SEC Filings

Official AllianzGI Global Natural Resources Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Emerging Markets Multi-Cap / All-Cap Blend / Core 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.