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.
Will RGSAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable RGSAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the RGSAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of RGSAX’s parent organization’s priorities and whether they’re in line with investors’ interests.