AZBPX — AllianzGI Small-Cap Fund
Data updated: 2026-09-11
AZBPX — AllianzGI Small-Cap Fund. United States Small Cap Blend / Core Equity · $134.38M AUM. Holdings, fees, performance and SEC filings.
AZBPX Fund Overview
AZBPX — AllianzGI Small-Cap Fund is a US mutual fund managed by Virtus Investment Trust, categorised as United States Small 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: United States Small Cap Blend / Core Equity
- Assets under management: $134.38M
- 1-year return: 12.9%
- Ticker: AZBPX
- SEC CIK: 0000867297
- SEC series ID: S000041383
- Share class ID: C000128363
AZBPX Investment Objective and Strategy
AllianzGI Small-Cap 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 objective by normally investing at least 80% of its net assets (plus borrowings made for investment purposes) in companies with smaller market capitalizations. The Fund expects to invest principally in U.S. companies but may invest to a lesser extent in non-U.S. companies. The Fund currently considers smaller market capitalization companies to be companies with market capitalizations that are smaller than the largest company in the Russell 2000 Index (approximately $6.7 billion as of June 30, 2018). The portfolio managers generally seek exposure to smaller capitalization companies by employing three distinct small-cap strategies or sleeves for selecting individual stocks: Quantitative Core . The Quantitative Core sleeve normally invests primarily in common stocks of companies with smaller market capitalizations that are listed on U.S.
exchanges. The teams quantitative investment process begins with a proprietary alpha model which blends behavioral factors (e.g., human behaviors and biases) and intrinsic valuation factors (e.g., tangible measures of a companys underlying worth). They also use a sophisticated risk model for portfolio construction, with constraints at the individual security and industry levels to manage exposures relative to the benchmark. Additionally, all investment recommendations are thoroughly vetted at the individual company level to confirm the investment rationale and suitability before a purchase or sale. Fundamental Growth . The Fundamental Growth sleeve normally invests primarily in common stocks of smaller market capitalization companies, including micro-cap companies, that are listed on U.S. exchanges.
The Fund currently considers micro-cap companies to be those with market capitalizations in the bottom half of the Russell 2000 Index. This strategy focuses on companies undergoing positive fundamental change, with sustainable growth characteristics. Managed Volatility . The Managed Volatility sleeve selects primarily common stocks of smaller-cap companies which in aggregate offer lower forecast risk and lower levels of correlation among the individual stocks. This focus may result in the sleeve outperforming the general securities market during periods of flat or negative market performance, and underperforming the general securities market during periods of strong positive market performance. This strategy utilizes a dynamic quantitative process combined with a fundamentals-based, actively-managed security selection process to make individual security and sector selection decisions.
The allocation of Fund assets among the sleeves discussed above is set from time to time, may vary in size significantly from sleeve to sleeve and may periodically be adjusted through a collaborative effort among the portfolio managers. In addition to common stocks and other equity securities, the Fund may invest a substantial portion of its assets in securities issued in initial public offerings (IPOs). The Fund may invest up to 15% of its assets in non-U.S. securities, except that it may invest without limit in American Depositary Receipts (ADRs). The Fund may also invest a portion of its assets in real estate investment trusts (REITs). In order to gain exposure to desired asset classes or securities, or for hedging or other investment purposes, the Fund may also 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 end of its most recent fiscal year, it may do so at any time.
AZBPX Holdings
Top 10 holdings of AllianzGI Small-Cap Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Penguin Solutions, Inc. (us) | 1.91% |
| Encore Capital Group, Inc. | 1.75% |
| Moog, Inc. | 1.71% |
| Powell Industries, Inc. | 1.66% |
| Alkermes PLC | 1.66% |
| Globe Life, Inc. | 1.50% |
| Veracyte, Inc. | 1.45% |
| Credo Technology Group Holding Ltd. | 1.21% |
| Cirrus Logic, Inc. | 1.15% |
| Nmi Holdings, Inc. | 1.11% |
AZBPX Portfolio Allocation
Asset-class allocation of AllianzGI Small-Cap Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 96.2% |
| Cash & Equivalents | 0.4% |
AZBPX Performance
Total returns for AZBPX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 12.9% |
| 3 years (annualised) | -0.3% |
AZBPX Risk Information
Risk metrics for AZBPX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 16.8%
AZBPX Costs and Fees
AZBPX costs about $99 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.99%
- Gross expense ratio: 1.03%
- Portfolio turnover: 95%
- Brokerage commissions: 12.60 bps of average net assets (SEC N-CEN)
AZBPX Cashflows
Over the 12 months to 2026-06, AllianzGI Small-Cap Fund had net inflows of $10.09M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $2.10M |
| 2026-05 | $913.01K |
| 2026-04 | $2.80M |
| 2026-03 | −$213.01K |
| 2026-02 | −$951.40K |
| 2026-01 | $3.69M |
AZBPX Debt Constituents
No individual debt constituents are reported in AllianzGI Small-Cap Fund's latest SEC N-PORT filing.
AZBPX Prospectus and SEC Filings
Official AllianzGI Small-Cap Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-10-22
- Prospectus (485BPOS) — filed 2024-10-24
- Prospectus (485BPOS) — filed 2023-10-24
- Portfolio holdings (N-PORT) — filed 2026-08-28
- Portfolio holdings (N-PORT) — filed 2026-05-29
- Portfolio holdings (N-PORT) — filed 2026-02-26
- Annual census (N-CEN) — filed 2026-09-11
- Annual census (N-CEN) — filed 2025-09-12
Related Funds
Other United States Small 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.