Allianz AGIC International Fund gets new name, decreases fees

By Toni Weeks

San Diego, Dec. 19 -The Allianz AGIC International Fund will change its name, investment strategy, and fee structures on Feb. 1, according to a 497 filing with the Securities and Exchange Commission.

The new name is the Allianz AGIC International Managed Volatility Fund.

As described in the filing, the portfolio managers will implement a managed volatility strategy to emphasize stocks that exhibit a lower risk profile. Initially, the team will build the portfolio based on sector, capitalization and security constraints to minimize standard deviation of returns by using a risk model, covariance matrix and optimization program to build the portfolio. The team will then overlay its stock selection model to further enhance performance and take into consideration each stock's volatility profile and risk-adjusted excess return potential as well as the portfolio's overall total risk-adjusted return potential.

In connection with the refining of the investment strategy, a portion of the portfolio assets of the fund will be sold. Any capital gains will be distributed to shareholders as capital gain or ordinary dividends. A shareholder may redeem shares of the fund at any time, possibly resulting in a gain or loss to shareholders for federal income tax purposes.

Management fees will decrease by 0.2% for each share class, bringing institutional, class P, administrative and class D management fees to 0.8%, 0.9%, 0.8% and 0.9%, respectively, while class A, class C and class R fees will decrease to 1.1%. The investment adviser has entered into a new expense reduction agreement to reduce its rate by 0.2%. As a result, total annual fund operating expenses after the expenses reductions will be 0.61%, 0.72%, 0.86% and 0.97% for institutional, class P, administrative and class D shares. Total fees for class A, class C and class R share classes will equal 1.31%, 2.06% and 1.56%, respectively.

The previous expenses reduction agreement incorporated a reduction of 0.05%.

The fund's investment adviser is New York-based Allianz Global Investors Fund Management LLC.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.