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Trending ETFs

Name

As of 03/26/2024

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

$9.72

$4.02 M

0.00%

7.24%

Vitals

YTD Return

10.1%

1 yr return

24.2%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$4.02 M

Holdings in Top 10

47.0%

52 WEEK LOW AND HIGH

$9.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 7.24%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/26/2024

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

$9.72

$4.02 M

0.00%

7.24%

RGLIX - Profile

Distributions

  • YTD Total Return 10.1%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    RBC Global Equity Leaders Fund
  • Fund Family Name
    Allianz Funds
  • Inception Date
    Dec 15, 2021
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

The Fund seeks to achieve its investment objective by primarily investing in equity securities of issuers located throughout the world, including both developed and emerging markets. Under normal circumstances, the Fund aims to achieve its investment objective by investing at least 80% of the value of its net assets (plus any borrowings for investment purposes) in equity securities. The Fund also will, under normal market conditions: (1) invest at least 40% of its assets outside the United States, or if market conditions are not favorable, at least 30% of its assets outside the United States, and (2) hold securities of issuers located in at least three countries. The Fund determines where a company is located, and thus, whether a company is considered to be located outside the United States by considering whether: (i) it is organized under the laws of or maintains its principal office in a country located outside the United States; (ii) its securities are principally traded on trading markets in countries located outside the United States; (iii) it derives at least 50% of its total revenue or profits from either goods produced or services performed or sales made in countries located outside the United States; or (iv) it has at least 50% of its assets in countries located outside the United States.
The Fund will typically invest in 20 to 40 equity securities of companies that the Sub‑Advisor believes are, or have the potential to become, leaders in their respective industries. This assessment is based upon a consideration of the sustainability of a company’s competitive advantage, quality of management and environmental, social and governance (“ESG”) stewardship.
This determination is not restricted to balance sheet or income statement metrics. The equity securities in which the Fund may invest include, but are not limited to, common stock, preferred stock, convertible securities, American Depositary Receipts, European Depositary Receipts, Global Depositary Receipts, participation notes, warrants and rights. A convertible security is considered an “equity security” for purposes of the Fund’s 80% policy only if the convertible security is “in the money” at the time of investment. The equity securities in which the Fund may invest will generally be issued by mid‑ to large-capitalization companies.
The Fund diversifies its investments among a number of different countries throughout the world, including both developed and emerging markets. In determining whether a country is emerging or developed, the Fund may consider (i) classifications by the World Bank, the International Finance Corporation or the United Nations (and its agencies); (ii) classifications by the Fund’s benchmark index; and (iii) the International Monetary Fund’s definition and list of developing and emerging market countries. The Fund will invest across a number of countries and regions at any one time but will not necessarily be invested across all countries and regions.
The Fund will normally invest in a portfolio of equity securities denominated in both the U.S. Dollar and currencies of other developed countries, and in currencies of the local emerging market countries. Currencies of developed countries include: U.S. Dollar, Canadian Dollar, Euro, GB Pound and Japanese Yen. Local currencies can be defined as the currency of the issuer based in non‑U.S. countries worldwide.
The Fund is non‑diversified and, therefore, compared to a diversified investment company, the Fund may invest a greater percentage of its assets in securities of a particular issuer.
As part of the investment process, the Sub‑Advisor incorporates material environmental, social and governance (“ESG”) factors to consider issuers’ oversight and management of these material ESG factors. The ESG factors deemed material to the Fund are at the discretion of the Sub‑Advisor.
ESG integration is defined by the Sub‑Advisor as the incorporation of material ESG factors into investment decision making by the Sub‑Advisor.
The Sub‑Advisor uses a competitive dynamics assessment which considers a company’s business model, opportunity to take market share, access to growing end‑markets, strength of management team, and fundamental valuation. The Sub‑Advisor uses a disciplined risk management process to actively manage and diversify risk exposures (such as currency, market or geography) which permits long-term returns to be predominately driven by bottom‑up fundamental stock selection.
The Sub‑Advisor’s ESG analysis framework focuses on the economic activities and operational conduct of its equity investments, and considers a range of ESG factors including, but not limited to, corporate governance, employee health and safety, human rights, and environmental management. ESG factors are used as part of the investment analysis for all equity holdings
and inform the Sub‑Advisor’s opinion on ESG risk levels and whether an investment’s business model has a net benefit for society.
The Sub‑Advisor’s ESG integration approach incorporates proprietary ESG checklists, internal research, analysis and discussion, and ESG data from third party providers.
ESG engagement is defined by the Sub‑Advisor as the interactions between the Sub‑Advisor and current or potential investees (which may be companies and/or other stakeholders of relevance to the investees) on ESG issues. ESG engagements are undertaken to gain insight and/or influence (or identify the need to influence) involving ESG practices and/or improve ESG disclosure, to the extent possible. The Sub‑Advisor undertakes engagement activities on an on‑going basis. The Sub‑Advisor also votes all proxies in accordance with its fiduciary duty.
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RGLIX - Performance

Return Ranking - Trailing

Period RGLIX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.1% -34.6% 50.8% 84.96%
1 Yr 24.2% -34.8% 60.6% 84.68%
3 Yr N/A* -27.2% 104.2% 69.52%
5 Yr N/A* -17.8% 66.6% 88.54%
10 Yr N/A* -14.3% 8.2% 29.73%

* Annualized

Return Ranking - Calendar

Period RGLIX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -25.1% 52.1% 88.99%
2022 N/A -46.3% -1.6% 66.67%
2021 N/A -39.4% 19.1% 88.12%
2020 N/A 3.4% 50.2% 69.07%
2019 N/A -31.0% 0.0% 29.17%

Total Return Ranking - Trailing

Period RGLIX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.1% -34.6% 47.5% 79.65%
1 Yr 24.2% -34.8% 58.4% 77.48%
3 Yr N/A* -27.8% 102.8% 75.24%
5 Yr N/A* -17.5% 65.9% 93.75%
10 Yr N/A* -14.3% 9.5% 60.81%

* Annualized

Total Return Ranking - Calendar

Period RGLIX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -25.1% 52.1% 88.99%
2022 N/A -46.3% -1.6% 70.48%
2021 N/A -9.5% 22.7% 94.06%
2020 N/A 4.1% 73.0% 76.29%
2019 N/A -31.0% 0.6% 34.38%

NAV & Total Return History


RGLIX - Holdings

Concentration Analysis

RGLIX Category Low Category High RGLIX % Rank
Net Assets 4.02 M 5.67 M 2.29 B 98.25%
Number of Holdings 30 21 305 25.44%
Net Assets in Top 10 2.11 M 1.98 M 1.47 B 99.12%
Weighting of Top 10 47.00% 16.6% 76.4% 88.60%

Top 10 Holdings

  1. Microsoft Corp 6.03%
  2. UnitedHealth Group Inc 5.82%
  3. Alphabet Inc 5.32%
  4. Novo Nordisk A/S 4.51%
  5. Amazon.com Inc 4.47%
  6. Visa Inc 4.39%
  7. Anheuser-Busch InBev SA/NV 4.35%
  8. Taiwan Semiconductor Manufacturing Co Ltd 4.18%
  9. Safran SA 4.01%
  10. Deutsche Post AG 3.92%

Asset Allocation

Weighting Return Low Return High RGLIX % Rank
Stocks
99.57% 59.98% 100.75% 2.63%
Cash
0.66% -0.75% 30.90% 99.12%
Preferred Stocks
0.00% 0.00% 0.00% 18.42%
Other
0.00% -0.28% 17.81% 37.72%
Convertible Bonds
0.00% 0.00% 2.16% 25.44%
Bonds
0.00% 0.00% 11.66% 27.19%

Stock Sector Breakdown

Weighting Return Low Return High RGLIX % Rank
Utilities
0.00% 0.00% 35.65% 14.04%
Technology
0.00% 0.00% 21.43% 6.14%
Real Estate
0.00% 0.00% 5.95% 13.16%
Industrials
0.00% 0.00% 58.02% 22.81%
Healthcare
0.00% 0.00% 17.20% 28.07%
Financial Services
0.00% 0.00% 21.81% 22.81%
Energy
0.00% 0.00% 73.01% 18.42%
Communication Services
0.00% 0.00% 5.53% 21.93%
Consumer Defense
0.00% 0.00% 10.68% 47.37%
Consumer Cyclical
0.00% 0.00% 27.48% 23.68%
Basic Materials
0.00% 0.00% 100.00% 79.82%

Stock Geographic Breakdown

Weighting Return Low Return High RGLIX % Rank
US
72.99% 5.04% 98.71% 19.30%
Non US
26.58% 1.27% 91.05% 71.93%

RGLIX - Expenses

Operational Fees

RGLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 7.24% 0.47% 4.31% 70.80%
Management Fee 0.65% 0.00% 1.25% 92.98%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.45% 86.96%

Sales Fees

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

Trading Fees

RGLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.50% 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.

RGLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 8.00% 111.00% 90.83%

RGLIX - Distributions

Dividend Yield Analysis

RGLIX Category Low Category High RGLIX % Rank
Dividend Yield 0.00% 0.00% 0.38% 21.93%

Dividend Distribution Analysis

RGLIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Quarterly Annually

Net Income Ratio Analysis

RGLIX Category Low Category High RGLIX % Rank
Net Income Ratio N/A -1.89% 4.18% 15.93%

Capital Gain Distribution Analysis

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

Distributions History

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RGLIX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.16 32.42 9.67 1.75