International Small-Cap
International Small-Cap
Investment Overview
The Fund seeks long-term capital appreciation by targeting high-quality non-U.S. small-cap companies with the potential for strong returns with reasonable risk. The internationally diversified strategy combines the highest-conviction ideas from regional portfolio managers in Europe, Japan, and Asia Pacific.
Effective June 10, 2022, this Fund's name has changed.
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

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

Bjoern Mehrmann
Director, Portfolio Manager
Industry start date: 2001
Start date as fund Portfolio Manager: 2012

Koji Nakatsuka, CFA, CMA
Director, Senior Portfolio Manager
Industry start date: 2002
Start date as fund Portfolio Manager: 2012

Andrew Neville
Director, Portfolio Manager
Industry start date: 1998
Start date as fund Portfolio Manager: 2012

Miguel Pohl, CFA
Portfolio Manager, Co-CIO Europe Small Cap Equity
Industry start date: 2002
Start date as fund Portfolio Manager: 2018
Stuart Winchester, CFA
Managing Director, Senior Portfolio Manager
Industry start date: 1984
Start date as fund Portfolio Manager: 2020
Key Features
International Opportunity, Locally Managed
Aggregates three locally managed, regional sub-portfolios—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 outside of the U.S.
Characteristics4
(as of 03/31/2022)Average Weighted Market Cap (billions) | $3.63 |
Median Market Cap (billions) | $2.94 |
Trailing P/E Ex-Negative Earnings | 14.96 |
Price-to-Cash Flow | 16.41 |
Price-to-Book Value | 3.17 |
3-Year EPS Growth Rate | 14.49 |
Top Holdings (% Fund)
Security | |
---|---|
Asmedia Technology Inc. | |
Unimicron Technology Corp. | |
Sojitz Corp. | |
Fuji Electric Co., Ltd. | |
Elkem ASA | |
Tokyu Fudosan Holdings Corp. | |
ERG S.p.A. | |
Kojamo Oyj | |
TechMatrix Corporation | |
Dai Nippon Printing Co., Ltd. |
Holdings are subject to change.
Sector Allocation (% Equity)
Industrials | |
Information Technology | |
Health Care | |
Financials | |
Materials | |
Consumer Discretionary | |
Real Estate | |
Consumer Staples | |
Communication Services | |
Utilities | |
Energy |
Top Countries (% Invested Assets)
(as of 03/31/2022)Growth of $10,000 Investment
From toPerformance
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 | |
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R2 | ||
Beta | ||
Alpha | ||
Std Dev |
Risk Considerations
Holdings
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 by 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.