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Virtus International Small-Cap Fund
mutual fund
AOPAX
Payout Change
Pending
Price as of:
$28.35
+0.03
+0.11%
primary theme
International Mid-Cap Growth Equity
share class
AOPAX (Mutual Fund)
Virtus International Small-Cap Fund
Payout Change
Pending
Price as of:
$28.35
+0.03
+0.11%
primary theme
International Mid-Cap Growth Equity
share class
AOPAX (Mutual Fund)
Virtus International Small-Cap Fund
Payout Change
Pending
Price as of:
$28.35
+0.03
+0.11%
primary theme
International Mid-Cap Growth Equity
share class
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
2.6%
1 yr return
3.5%
3 Yr Avg Return
-3.4%
5 Yr Avg Return
1.8%
Net Assets
$45.8 M
Holdings in Top 10
21.6%
52 WEEK LOW AND HIGH
$28.3
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.84%
SALES FEES
Front Load 5.50%
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$2,500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
AOPAX - Profile
Distributions
- YTD Total Return 2.6%
- 3 Yr Annualized Total Return -3.4%
- 5 Yr Annualized Total Return 1.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.54%
- Dividend Yield 3.3%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameVirtus International Small-Cap Fund
-
Fund Family NameAllianz Funds
-
Inception DateFeb 01, 2016
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerKoji Nakatsuka
Fund Description
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 currently defines companies with smaller market capitalizations as those with market capitalizations comparable to companies included in the MSCI All Country World ex USA Small-Cap Index. Under normal circumstances, the fund expects to maintain a weighted-average market capitalization between 50% and 200% of the weighted-average market capitalization of the securities in the MSCI All Country World ex USA Small-Cap Index, which as of September 30, 2023 would permit the fund to maintain a weighted-average market capitalization ranging from $900 million to $2.8 billion. The fund normally invests principally in securities of issuers located outside the United States and allocates its investments among at least eight different countries. The fund may invest in emerging market securities.
Members of the portfolio management team believe that behavioral biases of investors contribute to market inefficiencies. Their quantitative investment process begins with a proprietary investment-return forecasting model which combines behavioral factors (which seek to capitalize on human behavioral biases (i.e., systematic tendencies) from financial analysts, company management and investors), with intrinsic and valuation factors (which are expected to provide tangible measures of a company’s true worth). The portfolio managers integrate this multi-factor approach with a proprietary risk model to form the basis of portfolio construction, with constraints at the individual security, country and industry levels to manage exposures relative to the benchmark. Additionally, all investment recommendations are thoroughly vetted on an individual company level to confirm the investment rationale and suitability before a purchase or sale.
In addition to common stocks and other equity securities (such as preferred stocks, convertible securities and warrants), the fund may invest in securities issued in initial public offerings (IPOs), real estate investment trusts (“REITs”) and may utilize foreign currency exchange contracts, options, stock index futures contracts and other derivative instruments. The fund typically does not engage in active hedging of currency but retains flexibility to do so depending on market performance. 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.
AOPAX - Performance
Return Ranking - Trailing
| Period | AOPAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.6% | -11.6% | 22.0% | 37.29% |
| 1 Yr | 3.5% | -10.1% | 23.3% | 35.59% |
| 3 Yr | -3.4%* | -20.8% | 6.3% | 16.67% |
| 5 Yr | 1.8%* | -12.1% | 8.1% | 39.81% |
| 10 Yr | 4.3%* | -3.7% | 7.6% | 58.44% |
* Annualized
Return Ranking - Calendar
| Period | AOPAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.6% | -16.8% | 28.8% | 26.27% |
| 2022 | -27.9% | -46.4% | -21.4% | 32.46% |
| 2021 | -11.8% | -30.6% | 16.4% | 90.74% |
| 2020 | 14.4% | 0.3% | 62.2% | 65.74% |
| 2019 | 22.2% | 9.7% | 44.0% | 65.71% |
Total Return Ranking - Trailing
| Period | AOPAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.6% | -11.6% | 22.0% | 37.29% |
| 1 Yr | 3.5% | -10.1% | 23.3% | 35.59% |
| 3 Yr | -3.4%* | -20.8% | 6.3% | 16.67% |
| 5 Yr | 1.8%* | -12.1% | 8.1% | 39.81% |
| 10 Yr | 4.3%* | -3.7% | 7.6% | 58.44% |
* Annualized
Total Return Ranking - Calendar
| Period | AOPAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 19.2% | -16.5% | 30.7% | 16.10% |
| 2022 | -27.1% | -46.4% | -18.5% | 38.60% |
| 2021 | 5.9% | -30.6% | 24.7% | 63.89% |
| 2020 | 15.7% | 1.6% | 68.3% | 71.30% |
| 2019 | 23.9% | 9.7% | 44.0% | 78.10% |
NAV & Total Return History
AOPAX - Holdings
Concentration Analysis
| AOPAX | Category Low | Category High | AOPAX % Rank | |
|---|---|---|---|---|
| Net Assets | 45.8 M | 25.2 K | 6.45 B | 75.42% |
| Number of Holdings | 120 | 39 | 1300 | 27.12% |
| Net Assets in Top 10 | 10.6 M | 959 K | 1.07 B | 74.58% |
| Weighting of Top 10 | 21.60% | 10.5% | 63.9% | 62.71% |
Top 10 Holdings
- Sanwa Holdings Corp 2.79%
- Bankinter SA 2.31%
- Logista Integral SA 2.29%
- Yangzijiang Shipbuilding Holdings Ltd 2.25%
- Banca Mediolanum SpA 2.20%
- Marks Spencer Group PLC 2.11%
- Coca-Cola HBC AG 1.96%
- Secure Energy Services Inc 1.93%
- Hanwa Co Ltd 1.91%
- Genius Electronic Optical Co Ltd 1.84%
Asset Allocation
| Weighting | Return Low | Return High | AOPAX % Rank | |
|---|---|---|---|---|
| Stocks | 96.28% | 87.24% | 101.63% | 61.86% |
| Cash | 2.07% | 0.00% | 10.11% | 51.69% |
| Preferred Stocks | 1.65% | 0.00% | 8.74% | 11.02% |
| Other | 0.00% | -0.01% | 9.66% | 52.54% |
| Convertible Bonds | 0.00% | 0.00% | 0.00% | 48.31% |
| Bonds | 0.00% | 0.00% | 1.74% | 50.00% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | AOPAX % Rank | |
|---|---|---|---|---|
| Industrials | 26.95% | 0.00% | 40.13% | 31.36% |
| Technology | 16.97% | 6.70% | 37.76% | 48.31% |
| Healthcare | 12.78% | 1.74% | 29.97% | 46.61% |
| Financial Services | 9.69% | 1.92% | 22.28% | 39.83% |
| Consumer Cyclical | 9.53% | 1.31% | 28.28% | 72.03% |
| Real Estate | 6.34% | 0.00% | 13.00% | 11.86% |
| Communication Services | 5.06% | 1.49% | 23.23% | 57.63% |
| Utilities | 4.12% | 0.00% | 5.12% | 5.93% |
| Basic Materials | 3.79% | 0.00% | 18.70% | 66.95% |
| Consumer Defense | 2.80% | 1.61% | 17.90% | 89.83% |
| Energy | 2.00% | 0.00% | 9.29% | 35.59% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | AOPAX % Rank | |
|---|---|---|---|---|
| Non US | 94.16% | 63.83% | 98.83% | 45.76% |
| US | 2.12% | 0.00% | 32.14% | 55.93% |
AOPAX - Expenses
Operational Fees
| AOPAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.84% | 0.01% | 41.09% | 33.05% |
| Management Fee | 1.00% | 0.00% | 1.75% | 66.95% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | 24.24% |
| Administrative Fee | N/A | 0.05% | 0.26% | 97.10% |
Sales Fees
| AOPAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.50% | 3.50% | 5.75% | 75.00% |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| AOPAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| AOPAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 8.00% | 236.00% | 59.85% |
AOPAX - Distributions
Dividend Yield Analysis
| AOPAX | Category Low | Category High | AOPAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.31% | 0.00% | 5.44% | 0.85% |
Dividend Distribution Analysis
| AOPAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| AOPAX | Category Low | Category High | AOPAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.54% | -1.81% | 1.51% | 23.01% |
Capital Gain Distribution Analysis
| AOPAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Quarterly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 18, 2024 | $0.938 | OrdinaryDividend |
| Dec 20, 2023 | $1.621 | OrdinaryDividend |
| Dec 21, 2022 | $0.279 | OrdinaryDividend |
| Dec 16, 2021 | $6.921 | OrdinaryDividend |
| Dec 17, 2020 | $0.435 | OrdinaryDividend |
| Dec 19, 2019 | $0.484 | OrdinaryDividend |
| Dec 20, 2018 | $0.043 | CapitalGainShortTerm |
| Dec 20, 2018 | $4.859 | CapitalGainLongTerm |
| Dec 20, 2018 | $0.094 | OrdinaryDividend |
| Dec 21, 2017 | $0.683 | CapitalGainLongTerm |
| Dec 21, 2017 | $0.247 | OrdinaryDividend |
| Dec 22, 2016 | $0.314 | OrdinaryDividend |
| Dec 17, 2015 | $0.274 | OrdinaryDividend |
| Dec 10, 2015 | $1.452 | CapitalGainLongTerm |
| Jul 23, 2015 | $0.054 | ExtraDividend |
| Dec 18, 2014 | $0.084 | OrdinaryDividend |
| Dec 11, 2014 | $3.599 | CapitalGainLongTerm |
| Aug 07, 2014 | $0.191 | ExtraDividend |
| Aug 07, 2014 | $0.031 | CapitalGainShortTerm |
| Aug 07, 2014 | $0.534 | CapitalGainLongTerm |
| Dec 19, 2013 | $0.444 | OrdinaryDividend |
| Dec 12, 2013 | $0.681 | CapitalGainShortTerm |
| Dec 12, 2013 | $2.321 | CapitalGainLongTerm |
| Jul 25, 2013 | $0.000 | ExtraDividend |
| Dec 20, 2012 | $0.000 | OrdinaryDividend |
| Aug 02, 2012 | $0.635 | ExtraDividend |
| Dec 16, 2010 | $0.608 | OrdinaryDividend |
AOPAX - Fund Manager Analysis
Managers
Koji Nakatsuka
Start Date
Tenure
Tenure Rank
Jul 13, 2012
9.89
9.9%
Koji Nakatsuka, CFA, CMA, is a senior portfolio manager and a director with Allianz Global Investors, which he joined in 2005. He has more than 20 years of investment-industry experience. Mr. Nakatsuka previously managed a mid/small-cap investment trust at Goldman Sachs Asset Management. Before that, he was at Schroder Investment Management Japan as an equity analyst for mid/small caps. Mr. Nakatsuka has a B.A. in law from Sophia University.
Andrew Neville
Start Date
Tenure
Tenure Rank
Jul 13, 2012
9.89
9.9%
Mr. Neville is a lead portfolio manager and a director with Allianz Global Investors, which he joined in 2004. He is a member of the European & German Mid/Small Caps team. Mr. Neville has 20 years of investment-industry experience. He previously worked as a portfolio manager at Baring Asset Management, trained as a portfolio manager at AIB Govett Asset Management and worked as an audit manager for Deloitte & Touche. Mr. Neville has a B.S. in civil engineering from Imperial College London.
Bjoern Mehrmann
Start Date
Tenure
Tenure Rank
Jul 13, 2012
9.89
9.9%
Bjoern Mehrmann is a portfolio manager with Allianz Global Investors, which he joined in 2001. He is a member of the European & German Mid/Small Caps team. Mr. Mehrmann has 16 years of investment-industry experience. He has a B.S. in computer science from James Madison University and a master´s in business administration from EBS International University Schloss Reichartshausen, Germany.
Heinrich Ey
Start Date
Tenure
Tenure Rank
Jul 01, 2016
5.92
5.9%
Mr. Ey is a portfolio manager at Allianz Global Investors, which he joined in 1995. He is Co-CIO of the Europe Small Cap Equity Team and has portfolio-management and research responsibilities for the Europe Small Cap Equity team. Mr. Ey has investment-industry experience since 1995. He was previously as a trader for equity, bonds and derivative products at AllianzGI. In 1999 he joined the European funds management team to manage institutional and retail funds before moving to the European Research team in 2002. Prior to joining the firm, Heinrich worked as a trainee at L-Bank. Heinrich Ey holds a Masters of Business Administration (BA) from Baden-Württemberg Cooperative State University Karlsruhe. He is also a CFA charter holder, holds the DVFA/Certified European Financial Analyst (CEFA) designation and the DVFA/Certified ESG Analyst (CESGA) designation.
Miguel Pohl
Start Date
Tenure
Tenure Rank
Feb 01, 2018
4.33
4.3%
Miguel Pohl, CFA, is a portfolio manager and a director with Allianz Global Investors, which he joined in 2013. He is head of the Insurance Dedicated Small Caps team; his coverage focuses on small- and micro-cap companies in various sectors. Earlier in his career at the firm, Mr. Pohl was Head of Research for Allianz Aequitas and an analyst for Allianz SE. He has more than 17 years of investment-industry experience. Mr. Pohl has a diploma in business administration from the University of Münster, Germany, and studied accounting and finance at The University of Manchester, UK. Mr. Pohl is a CFA charterholder.
Winchester Stuart
Start Date
Tenure
Tenure Rank
Jan 01, 2020
2.41
2.4%
Stuart Winchester is a Hong Kong-based senior portfolio manager with Allianz Global Investors and a member of the Asia Pacific investment team. A highly experienced Asian equity portfolio manager, Stuart has spent a total of 36 years in Asia, the majority of them with AllianzGI which he joined in 1992. For the last 25 years Stuart has managed the Unconstrained Total Return Asia Pacific strategy. Before joining AllianzGI, Stuart worked at Wood Gundy in Japan before transferring to Indonesia to run an affiliate joint-venture merchant bank.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.17 | 28.52 | 5.77 | 0.17 |
