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AllianzGI Mid-Cap Value Admin PRAAX

Analyst rating as of
NAV / 1-Day Return
31.02  /  0.96 %
Total Assets
1.4 Bil
Adj. Expense Ratio
0.900%
Expense Ratio
0.900%
Fee Level
Average
Longest Manager Tenure
11.48 years
Category
US Fund Mid-Cap Value
Investment Style
Mid Value
Min. Initial Investment
1,000,000
Status
Open
TTM Yield
1.16%
Turnover
197%
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Morningstar’s Analysis

Will PRAAX outperform in future?

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AllianzGI NFJ Team Moving to Virtus

Senior Analyst

Analyst Note

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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.

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