Virtus Investment Partners will take over AllianzGI's U.S.-based funds, while keeping AllianzGI as the subadvisor of the lineup, besides the funds the legacy NFJ Investment Group still runs. This is the upshot of a strategic partnership AllianzGI and Virtus announced July 7, 2020. Virtus will become the investment advisor of AllianzGI’s approximately $23 billion in open-end, closed-end, and retail separate account assets. With the exception of the funds the NFJ group runs, all AllianzGI strategies will keep their current AllianzGI investment teams as subadvisors. None of the funds’ managers or approaches should change as a result of the agreement, so Morningstar Analyst Ratings will stay the same for now.
AllianzGI Focused Growth R PPGRX
NAV / 1-Day Return
46.31
/
0.85
%
Total Assets
1.3 Bil
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.
1.270%
Expense Ratio
1.270%
Fee Level
Average
Longest Manager Tenure
8.34
years
Category
Large Growth
Investment Style
Large GrowthMin. Initial Investment
0
Status
Open
TTM Yield
0.00%
Turnover
63%
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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 PPGRX 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 PPGRX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the PPGRX 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 PPGRX’s parent organization’s priorities and whether they’re in line with investors’ interests.
AllianzGI and Virtus Announce Partnership, Ratings Unchanged
