Home / Mutual Fund / AllianzGI Global Small-Cap
Mutual Fund Equity Global Equity

AllianzGI Global Small-Cap

Image specific to each asset class and market style grouping.
Ticker
RGSAX
CUSIP
92837N741
POP
$ (as of )
Inception
02/05/2002
Total Assets by Class
$50,413,272.57 (as of 10/22/2021)
Total Assets by Fund
$96,375,669.60 (as of 10/22/2021)
Morningstar Category
World Small/Mid Stock

Portfolio Overview

Investment Overview

The Fund seeks long-term capital appreciation by targeting high-quality small-cap companies worldwide with the potential to deliver superior returns at an acceptable risk level. The globally diversified strategy combines the highest-conviction ideas from regional portfolio managers located in North America, Europe, Japan, and Asia Pacific.

Effective February 1, 2021, this fund's name and investment adviser have changed. The fund's distributor is now VP Distributors, LLC.

Management Team

Investment Partner

Allianz Global Investors U.S. LLC

At Allianz Global Investors, active is the most important word in our vocabulary. Active is how we create and share value with clients. We believe in solving, not selling, and in adding value beyond pure economic gain. We invest for the long term, employing our innovative investment expertise and global resources. Our goal is to ensure a superior experience for our clients, wherever they are based and whatever their investment needs.

Active is: Allianz Global Investors


Learn more about Allianz Global Investors U.S. LLC

Investment Professionals

Neville, Andrew

Andrew Neville

Director, Portfolio Manager

Industry start date: 1998
Start date as fund Portfolio Manager: 2010

Show More
mehrmann, bjorn

Bjoern Mehrmann

Director, Portfolio Manager

Industry start date: 2001
Start date as fund Portfolio Manager: 2012

Show More
Nakatsuka, Koji

Koji Nakatsuka, CFA, CMA

Director, Senior Portfolio Manager

Industry start date: 2002
Start date as fund Portfolio Manager: 2010

Show More
Ey, Heinrich

Heinrich Ey, CFA, DVFA/CEFA

Director, Portfolio Manager, Co-CIO Europe Small Cap Equity

Industry start date: 1992
Start date as fund Portfolio Manager: 2016

Show More
Pohl, Miguel

Miguel Pohl, CFA

Portfolio Manager, Co-CIO Europe Small Cap Equity

Industry start date: 2002
Start date as fund Portfolio Manager: 2018

Show More
Winchester, Stuart

Stuart Winchester, CFA

Managing Director, Senior Portfolio Manager

Industry start date: 1984
Start date as fund Portfolio Manager: 2020

Show More
Parker, Jeffrey

Jeffrey D. Parker, CFA

Managing Director, Senior Portfolio Manager

Industry start date: 1990
Start date as fund Portfolio Manager: 2020

Show More
Dufner, Moritz

Moritz Dufner, CFA, CAIA

Vice President, Portfolio Manager

Industry start date: 2014
Start date as fund Portfolio Manager: 2020

Show More
Phanitsiri, Mark

Mark Phanitsiri, CFA

Vice President, Portfolio Manager

Industry start date: 2001
Start date as fund Portfolio Manager: 2020

Show More
Jasmine To

Jasmine To

Analyst, Portfolio Manager

Industry start date: 2011
Start date as fund Portfolio Manager: 2021

Show More

Key Features

Global Opportunity, Locally Managed

Aggregates four locally managed, regional sub-portfolios—North America, Europe, Japan, and Asia Pacific—based on the belief that local teams are best positioned to research and invest in the small-cap segment, given these companies' strong ties to the local economy and culture

Specialized, Regional Expertise

Each local investment team has extensive experience managing smaller-company portfolios and invests in the highest-conviction stocks from their flagship strategies, with full accountability for performance

Diversified Global Exposure

Spans developed markets and emerging markets to pursue the full growth potential of small-cap stocks worldwide

Portfolio Characteristics

Characteristics4

(as of 09/30/2021)
Average Weighted Market Cap (billions) $4.75
Median Market Cap (billions) $3.50
Trailing P/E Ex-Negative Earnings 20.68
Price-to-Cash Flow 18.22
Price-to-Book Value 4.26
3-Year EPS Growth Rate 15.92

Top Holdings (% Fund)

(as of 09/30/2021)
Security
Perficient, Inc.
1.74
 1.74%
MaxLinear inc
1.40
 1.40%
Matson, Inc.
1.35
 1.35%
Paylocity Holding Corp.
1.29
 1.29%
Switch, Inc. Class A
1.29
 1.29%
Pinnacle Financial Partners, Inc.
1.28
 1.28%
Graphic Packaging Holding Company
1.26
 1.26%
Terreno Realty Corporation
1.25
 1.25%
Chart Industries, Inc.
1.25
 1.25%
Western Alliance Bancorp
1.18
 1.18%

Holdings are subject to change.

Sector Allocation (% Equity)

(as of 09/30/2021)
Industrials
21.50
 21.50%
Information Technology
20.14
 20.14%
Health Care
13.13
 13.13%
Financials
11.58
 11.58%
Consumer Discretionary
9.42
 9.42%
Materials
9.32
 9.32%
Real Estate
4.87
 4.87%
Communication Services
3.10
 3.10%
Utilities
2.36
 2.36%
Energy
2.32
 2.32%
Consumer Staples
2.24
 2.24%

Top Countries (% Invested Assets)

(as of 09/30/2021)

Performance & Risk

Growth of $10,000 Investment

From to
This chart assumes an initial investment of $10,000 made on for Class ddd shares including any applicable sales charges. Performance assumes reinvestment of dividends and capital gain distributions.

Performance

As of
As of

Performance data quoted represents past results. Past performance is no guarantee of future results and current performance may be higher or lower than the performance shown. Investment return and principal value will fluctuate, so your shares, when redeemed, may be worth more or less than their original cost.

Sales Charge and Expenses

Risk Statistics3

(as of )
Fund Index
R2
Beta
Alpha
Std Dev

Risk Considerations

Market Volatility: Local, regional, or global events such as war, acts of terrorism, the spread of infectious illness or other public health issues, recessions, or other events could have a significant impact on the portfolio and its investments, including hampering the ability of the portfolio manager(s) to invest the portfolio's assets as intended.
Issuer Risk: The portfolio will be affected by factors specific to the issuers of securities and other instruments in which the portfolio invests, including actual or perceived changes in the financial condition or business prospects of such issuers.
Equity Securities: The market price of equity securities may be adversely affected by financial market, industry, or issuer-specific events. Focus on a particular style or on small or medium-sized companies may enhance that risk.
Foreign & Emerging Markets: Investing in foreign securities, especially in emerging markets, subjects the portfolio to additional risks such as increased volatility, currency fluctuations, less liquidity, and political, regulatory, economic, and market risk.
Prospectus: For additional information on risks, please see the fund's prospectus.

Related Literature

Marketing Materials

Virtus AllianzGI Global Small-Cap Fund Fact Sheet - INST

Financial Materials

Virtus Investment Trust Statutory Prospectus
Virtus AllianzGI Global Small-Cap Fund Summary Prospectus
Virtus Investment Trust SAI
Virtus Investment Trust Annual Report
Virtus Investment Trust Semiannual Report
Virtus Investment Trust Prospectus Supplement XBRL 497E 09 08 2021
Virtus Investment Trust Prospectus Supplement XBRL 497E 06 11 2021
Virtus Investment Trust Prospectus XBRL 485B 02 01 2021
Virtus Investment Trust Prospectus Supplement XBRL 497E 02 05 2021

Holdings

AllianzGI Global Small-Cap Holdings Monthly
Virtus AllianzGI Global Small-Cap Fund Top Holdings
Virtus Investment Trust Schedule F Q1
Virtus Investment Trust Schedule F Q3

Investors should carefully consider the investment objectives, risks, charges and expenses of any Virtus Mutual Fund before investing. The prospectus and summary prospectus contains this and other information about the fund. Please contact your financial representative, call 1-800-243-4361 to obtain a current prospectus and/or summary prospectus. You should read the prospectus and/or summary prospectus carefully before you invest or send money.

Performance data quoted represents past results. Past performance is no guarantee of future results and current performance may be higher or lower than the performance shown. Investment return and principal value will fluctuate, so your shares, when redeemed, may be worth more or less than their original cost.

Average annual total return is the annual compound return for the indicated period. It reflects the change in share price and the reinvestment of all dividends and capital gains. NAV returns do not include the effect of any applicable sales charges. POP and w/CDSC returns include the effect of maximum applicable sales charges.

Returns for periods of less than one year are cumulative total returns.

1 Yields/Distributions: 30-day SEC Yield is a standardized yield calculated according to a formula set by the SEC, and is subject to change. 30-day SEC Yield (unsubsidized) is the 30-day SEC Yield without the effect of applicable expense waivers. Distribution Rate is calculated by (a) annualizing the latest income distribution for fixed income funds or funds less than 1 year old, or (b) summing all income distributions over the preceding 12 months for all other funds, and dividing the NAV on the last business date of the period, unless otherwise indicated. The Distribution Rate may be comprised of ordinary income, net realized capital gains and returns of capital.

2 Distribution History: Distributions are represented on a cash basis and may be reclassified at year end for tax purposes. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes. STCG: Short Term Capital Gain, LTCG: Long Term Capital Gain

3 Risk Statistics: R2 is a statistical measure that represents the percentage of a fund or security's movements that can be explained by movements in a benchmark index. Beta is a quantitative measure of the volatility of a given portfolio to the overall market. Alpha is a risk adjusted measure of an investment's excess return relative to a benchmark. A positive Alpha indicates that the investment produced a return greater than expected for the risk (as measured by Beta) taken. Standard Deviation measures variability of returns around the average return for an investment fund. Higher standard deviation suggests greater risk. Risk Statistics are calculated using 36 monthly returns.

4 Characteristics: For Equity Funds: Avg. Weighted Market Cap (bn): The total dollar market value of all of a company’s outstanding shares. Trailing P/E Ex-Negative Earnings: Per-share stock price divided by the latest 12-months Earnings per Share; Price/Cash Flow: Per-share stock price divided by the per-share operating cash flow; Price/Book: Per-share stock price divided by the latest 12-month per-share Book Value; 3-Year EPS Growth Rate: Average of earnings per share growth for latest 3-year period. The 3-Year EPS Growth Rate is not a forecast of the fund's performance.

4 Characteristics: For Fixed Income Funds: Effective Duration represents the interest rate sensitivity of a fixed income fund. For example, if a fund's effective duration is five years, a 1% increase in interest rates would result in a 5% decline in the fund's price. Similarly, a 1% decline in interest rates would result in a 5% gain in the fund's price.

Morningstar Disclosures:
The Morningstar Rating for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not take into account the effects of sales charges and loads.

© Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.