The legacy NFJ Investment Group that manages AllianzGI International Value ANJIX, AllianzGI Small-Cap Value PSVIX, and AllianzGI Mid-Cap Value PRNIX is moving to Virtus Investment Partners VRTS. Under the arrangement, which still needs board and shareholder approval, Virtus will acquire the NFJ team but let it operate as an autonomous, affiliated manager. The NFJ brand, which AllianzGI had phased out, will likely return in some form. The firms could finalize the plans by year-end.
AllianzGI Mid-Cap Value Admin PRAAX
NAV / 1-Day Return
31.02
/
0.96
%
Total Assets
1.4 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.
0.900%
Expense Ratio
0.900%
Fee Level
Average
Longest Manager Tenure
11.48
years
Category
US Fund Mid-Cap Value
Investment Style
Mid ValueMin. Initial Investment
1,000,000
Status
Open
TTM Yield
1.16%
Turnover
197%
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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.
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Process Pillar
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People Pillar
The People Pillar is our evaluation of the PRAAX 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 PRAAX’s parent organization’s priorities and whether they’re in line with investors’ interests.
AllianzGI NFJ Team Moving to Virtus
