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Trending ETFs

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$13.33

$51.3 M

1.47%

$0.19

1.45%

Vitals

YTD Return

0.8%

1 yr return

12.7%

3 Yr Avg Return

3.7%

5 Yr Avg Return

9.4%

Net Assets

$51.3 M

Holdings in Top 10

34.0%

52 WEEK LOW AND HIGH

$13.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.45%

SALES FEES

Front Load 5.50%

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$2,500


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$13.33

$51.3 M

1.47%

$0.19

1.45%

ASUAX - Profile

Distributions

  • YTD Total Return 0.8%
  • 3 Yr Annualized Total Return 3.7%
  • 5 Yr Annualized Total Return 9.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.54%
DIVIDENDS
  • Dividend Yield 1.5%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Virtus NFJ Global Sustainability Fund
  • Fund Family Name
    Allianz Funds
  • Inception Date
    Dec 09, 2014
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Gunnar Miller

Fund Description

The fund seeks to achieve its investment objective by creating a portfolio of global equities with a focus on companies that the portfolio managers believe exhibit strong records with respect to environmental, social, and corporate governance (“ESG”) factors. The fund normally invests primarily in equity securities of both U.S. and non-U.S. companies, including emerging market securities. Under normal market conditions, the fund will invest at least 40% of its assets in non-U.S. securities. Notwithstanding the previous sentence, if the weighting of non-U.S. securities in the Dow Jones Sustainability World Index (the “Index”) drops below 45%, the fund may invest a lower amount in non-U.S. securities, which will normally be such that the minimum level for non-U.S. securities will be 5% below the weighting of non-U.S. securities in the Index as of the most

recently published month-end composition. As of December 31, 2023, the capitalization weighting of non-U.S. securities in the Index was approximately 47.4%. The fund is not managed with reference to the Index, and its primary performance benchmark is the MSCI All Country World Index. The portfolio managers intend to diversify the fund’s investments across geographic regions and economic sectors. The fund intends, but is not required, to hold stocks that are not included in the benchmark index. The fund may invest in issuers of any size market capitalization, including smaller capitalization companies. The fund may achieve its exposure to non-U.S. securities either directly or through depository receipts such as Global Depositary Receipts (GDRs).

The portfolio managers begin with an investment universe comprised of more than 5,000 equity securities and assess individual securities using a disciplined investment process that integrates a focus on the ESG records of the issuers of such securities with proprietary fundamental, company- specific research and quantitative analysis. The portfolio managers utilize a sector analysis to screen out issuers based on revenue from sectors such as tobacco, thermal coal, alcohol, gambling and weapons.

The portfolio managers use a proprietary ESG model scoring to evaluate and rate the securities in the investment universe. Based on this proprietary ESG scoring model, companies’ ESG practices and risk factors are considered as part of the investment process, namely for the purposes of identifying tail risk factors (i.e., low probability factors that could have an outsized negative effect on performance) arising from a company’s ESG practices and understanding how a company’s ESG risk factors might affect the company and its performance. The portfolio managers believe that there are long-term benefits in an investment approach that attaches material weight to certain issues that receive less attention from traditional investment analysis, such as the environment, workplace relations, human rights, community relations, product safety and impact, and corporate governance and business ethics. The portfolio managers also believe that investing in companies with strong records for managing ESG risks can generate long-term competitive financial returns and positive societal impact and that companies that do not exhibit strong records with respect to ESG factors may be at a greater long-term risk of negative economic consequences. With respect to ESG factors, the portfolio managers will aim to invest the majority of the fund’s portfolio in stocks that they rate as best-in-class (i.e., NFJ ESG rated AAA, AA or A) and avoid stocks rated worst-in-class (i.e., NFJ rated B and CCC), although the portfolio managers maintain discretion to invest from time to time in companies with minimum ESG scores and to exclude companies with high ESG scores from the fund’s portfolio.

The portfolio managers then analyze specific companies for possible investment through a disciplined, fundamental, bottom up-research process and quantitative analysis. In identifying potential investments, the portfolio managers ordinarily look for companies that exhibit some or all of the following characteristics: a strong record with respect to ESG factors; a demonstrated record of ESG risk management; long-term competitive advantage; a strong balance sheet; high barriers to entry in the company’s industry or area of business; and a strong record of capital discipline. The portfolio managers then seek to identify attractively-valued quality companies that exhibit growth characteristics. The portfolio managers construct the fund’s portfolio with the expectation that stock-specific risk will drive the fund’s returns over a complete market cycle and may reallocate the portfolio’s holdings in attempting to mitigate other risk factors, such as currency risk, country/regional risk, investment style risk, and sector risk, among others. Under normal circumstances, the portfolio managers typically select approximately 40 to 60 stocks for the fund.

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ASUAX - Performance

Return Ranking - Trailing

Period ASUAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% -35.6% 29.2% 66.89%
1 Yr 12.7% 17.3% 252.4% 75.11%
3 Yr 3.7%* -3.5% 34.6% 36.74%
5 Yr 9.4%* 0.1% 32.7% 40.81%
10 Yr N/A* -6.9% 18.3% N/A

* Annualized

Return Ranking - Calendar

Period ASUAX Return Category Return Low Category Return High Rank in Category (%)
2023 -1.6% -24.3% 957.1% 38.77%
2022 -40.4% -38.3% 47.1% 13.78%
2021 -0.3% -54.2% 0.6% 59.35%
2020 15.2% -76.0% 54.1% 45.10%
2019 28.9% -26.1% 47.8% 46.73%

Total Return Ranking - Trailing

Period ASUAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% -35.6% 29.2% 67.11%
1 Yr 12.7% 11.4% 252.4% 84.89%
3 Yr 3.7%* -3.5% 34.6% 51.58%
5 Yr 9.4%* 0.1% 32.7% 53.69%
10 Yr N/A* -6.9% 18.3% N/A

* Annualized

Total Return Ranking - Calendar

Period ASUAX Return Category Return Low Category Return High Rank in Category (%)
2023 19.5% -24.3% 957.1% 38.77%
2022 -23.1% -33.1% 47.1% 13.91%
2021 23.2% -44.4% 1.8% 22.75%
2020 18.6% -6.5% 54.1% 37.19%
2019 31.3% -14.4% 47.8% 55.98%

NAV & Total Return History


ASUAX - Holdings

Concentration Analysis

ASUAX Category Low Category High ASUAX % Rank
Net Assets 51.3 M 199 K 133 B 70.83%
Number of Holdings 53 1 9075 72.69%
Net Assets in Top 10 19 M -18 M 37.6 B 68.28%
Weighting of Top 10 33.98% 9.1% 100.0% 31.12%

Top 10 Holdings

  1. MonotaRO Co Ltd 4.00%
  2. Autodesk Inc 3.94%
  3. NextEra Energy Inc 3.79%
  4. ENN Energy Holdings Ltd 3.51%
  5. Alexandria Real Estate Equities Inc 3.27%
  6. Segro PLC 3.26%
  7. BioMerieux 3.19%
  8. Dassault Systemes SE 3.06%
  9. Eversource Energy 3.04%
  10. Edwards Lifesciences Corp 2.92%

Asset Allocation

Weighting Return Low Return High ASUAX % Rank
Stocks
98.76% 61.84% 125.47% 0.44%
Cash
1.24% -174.70% 23.12% 99.45%
Preferred Stocks
0.00% -0.01% 5.28% 82.49%
Other
0.00% -13.98% 19.14% 84.03%
Convertible Bonds
0.00% 0.00% 4.46% 80.73%
Bonds
0.00% -1.50% 161.67% 81.50%

Stock Sector Breakdown

Weighting Return Low Return High ASUAX % Rank
Technology
23.97% 0.00% 49.87% 19.49%
Financial Services
18.22% 0.00% 38.42% 23.13%
Healthcare
17.87% 0.00% 35.42% 22.80%
Industrials
11.30% 0.00% 44.06% 30.84%
Basic Materials
10.69% 0.00% 38.60% 66.74%
Consumer Defense
7.66% 0.00% 73.28% 39.65%
Consumer Cyclical
5.14% 0.00% 40.94% 59.69%
Energy
4.17% 0.00% 21.15% 50.99%
Utilities
0.99% 0.00% 29.12% 96.81%
Real Estate
0.00% 0.00% 39.48% 97.25%
Communication Services
0.00% 0.00% 57.66% 92.73%

Stock Geographic Breakdown

Weighting Return Low Return High ASUAX % Rank
US
51.09% 0.13% 103.82% 16.19%
Non US
47.68% 0.58% 99.46% 43.83%

ASUAX - Expenses

Operational Fees

ASUAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.45% 0.01% 44.27% 36.15%
Management Fee 0.80% 0.00% 1.82% 76.70%
12b-1 Fee 0.25% 0.00% 1.00% 48.56%
Administrative Fee N/A 0.01% 0.76% 97.85%

Sales Fees

ASUAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.50% 2.50% 5.75% 60.00%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

ASUAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ASUAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 395.00% 37.50%

ASUAX - Distributions

Dividend Yield Analysis

ASUAX Category Low Category High ASUAX % Rank
Dividend Yield 1.47% 0.00% 3.26% 80.85%

Dividend Distribution Analysis

ASUAX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Annually Annually

Net Income Ratio Analysis

ASUAX Category Low Category High ASUAX % Rank
Net Income Ratio 0.54% -4.27% 12.65% 56.02%

Capital Gain Distribution Analysis

ASUAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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ASUAX - Fund Manager Analysis

Managers

Gunnar Miller


Start Date

Tenure

Tenure Rank

Mar 01, 2021

1.25

1.3%

Gunnar Miller is Global Director of Research, and has served as Global Head of Equity Research, Head of Equity Research Europe and Sector Team Head/Research Analyst for European Technology at Allianz Global Investors and has over 30 years of investment research experience. In his role as Director of Research, Gunnar has been instrumental in integrating the analysis of Environmental, Social and Governance factors across the investment platform. He also co-manages the Allianz Thematica fund. He joined the firm in 2003. Prior to this, he spent one year as an analyst covering European semiconductors in Frankfurt and four years in New York covering U.S. semiconductor equipment for Goldman Sachs, before which he spent eight years as an analyst covering U.S. semiconductor equipment and electronics distribution at Paine Webber and Kidder Peabody, and three years as a financial analyst. He ranked number one in the annual U.S. Institutional Investor poll from 1996 through 2001 after placing second in 1995, and top four in the annual Greenwich Associates buy-side poll from 1994 through 2001. He graduated Phi Beta Kappa with a B.A. (Magna Cum Laude) in Economics from Lehigh University in 1987. He has also served as a member of the board of directors of the DVFA Society of Investment Professionals in Germany, chairman of the Corporate Reporting Users’ Forum (CRUF) Germany, as a board member of XBRL International Inc. (XII), and on the Accounting Council of the UK Financial Reporting Council (FRC).

Robbie Miles


Start Date

Tenure

Tenure Rank

Mar 01, 2021

1.25

1.3%

Robbie is a co-lead portfolio manager, and a vice president with Allianz Global Investors, which he joined in 2014. He co-manages the Food Security strategy; and is a member of the Global Thematic team where he researches and develops investment themes globally, with a specific focus on themes aligned to SDGs and other societal goals. Robbie was previously an ESG analyst for the company for 6 years in San Francisco and London. Before joining Allianz Global Investors, he qualified as a Chartered Accountant with PwC. Robbie has a first class degree in Environment & Business from the University of Leeds. He is a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 35.82 6.24 1.25