In an Oct. 21 supplementary prospectus filing, Allianz Global Investors announced that comanager Timothy McCarthy would step off AllianzGI Global Small-Cap’s management roster and leave the firm on Nov. 6. His departure doesn’t change the fund’s Morningstar Analyst Rating range of Neutral to Negative, depending on share class, but it does reinforce the strategy’s Below Average People and Process ratings.
Virtus AllianzGI Global Small-Cap P ARSPX
NAV / 1-Day Return
57.51
/
0.16
%
Total Assets
99.8 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.380%
Expense Ratio
1.380%
Fee Level
High
Longest Manager Tenure
10.63
years
Category
World Small/Mid Stock
Investment Style
Mid GrowthMin. Initial Investment
1,000,000
Status
Open
TTM Yield
0.00%
Turnover
93%
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will ARSPX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable ARSPX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the ARSPX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of ARSPX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Yet Another Manager Transition at AllianzGI Global Small Cap
