GUCAX — AllianzGI Ultra Micro Cap Fund
Data updated: 2020-05-12
GUCAX — AllianzGI Ultra Micro Cap Fund. Leveraged · $9.51M AUM · 1.56% expense ratio. Holdings, fees, performance and SEC filings.
GUCAX Fund Overview
GUCAX — AllianzGI Ultra Micro Cap Fund is a US mutual fund managed by Virtus Strategy Trust, categorised as Leveraged. 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: Leveraged
- Assets under management: $9.51M
- Ticker: GUCAX
- SEC CIK: 0001423227
- SEC series ID: S000028365
- Share class ID: C000108089
GUCAX Investment Objective and Strategy
AllianzGI Ultra 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 ultra micro-cap companies. The Fund currently defines ultra micro-cap companies as those with market capitalizations less than two times the weighted average of the Russell Microcap Growth Index, i.e. , capitalizations less than $1.3 billion as of December 31, 2017. Under normal market conditions, the Fund expects to maintain a weighted average market capitalization below that of the Russell Microcap Growth Index ($667.1 million as of December 31, 2017). The Fund may continue to hold securities of a portfolio company that subsequently appreciates above the ultra micro-cap threshold. Because of this, the Fund may have less than 80% of its net assets in ultra 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.
GUCAX Costs and Fees
GUCAX costs about $156 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.56%
- Gross expense ratio: 2.36%
- Portfolio turnover: 37%
- Brokerage commissions: 22.57 bps of average net assets (SEC N-CEN)
GUCAX Cashflows
Over the 12 months to 2020-03, AllianzGI Ultra Micro Cap Fund had net outflows of $6.57M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-03 | −$396.14K |
| 2020-02 | −$1.00M |
| 2020-01 | −$870.87K |
| 2019-12 | $1.23M |
| 2019-11 | −$1.46M |
| 2019-10 | −$829.72K |
GUCAX Debt Constituents
No individual debt constituents are reported in AllianzGI Ultra Micro Cap Fund's latest SEC N-PORT filing.
GUCAX Prospectus and SEC Filings
Official AllianzGI Ultra 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 2019-08-13
- Portfolio holdings (N-PORT) — filed 2020-05-12
- 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
Other Leveraged 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.