Fund Facts  

Inception Date: May 12, 2010
Ticker Symbol: AIVAX
Morningstar Category:Foreign Large Value
As of Sep 30, 2016
Fund Net Assets ($millions) $953

Documents for Fund or Underlying Fund(s)  



The investment seeks long-term growth of capital and income.

Principal Investment Strategies  

The fund normally invests at least 65% of its net assets in common stocks and other equity securities (such as preferred stocks, convertible securities and warrants) of non-U.S. companies with market capitalizations greater than $1 billion. It normally invests significantly in securities that the portfolio managers expect will generate income (for example, by paying dividends).

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Fund’s prospectus or other disclosure documents for information about the Fund’s risks.


Performance & Expenses

Standard Performance As of Sep 30, 2016
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
AllianzGI NFJ Intl Value Admina4.17%-4.32%-2.59%-6.72%2.32%N/A1.07%
MSCI ACWI ex USA Index (Net)a,b6.91%5.82%9.26%0.18%6.04%2.16%N/A
Morningstar Foreign Large Valuea,c6.24%2.94%5.69%-0.68%6.26%0.71%N/A

Fund past performance, as shown, is no guarantee of how the Fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, visit

Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.

Annual Fund Operating Expenses
Total Expensesa1.23%


a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2016 All rights reserved. This information: (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 and/or its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.

b. The MSCI All Country World ex USA Index (Net) is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of large and mid cap segments of developed and emerging markets, excluding the U.S. The net version of this index reinvests dividends after the deduction of withholding taxes, using a tax rate applicable to non-resident institutional investors who do not benefit from double taxation treaties.

c. The Fund’s Morningstar Category Average is a group of funds with similar investment objectives and strategies and is the equal-weighted return of all funds per category. Morningstar places funds in certain categories based on a fund’s historical portfolio holdings.


Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Sep 22, 2016Sep 22, 2016$0.156490000
Jun 16, 2016Jun 16, 2016$0.192720000
Mar 17, 2016Mar 17, 2016$0.005960000
Dec 17, 2015Dec 17, 2015$0.092300000
Sep 17, 2015Sep 17, 2015$0.241190000
Jun 18, 2015Jun 18, 2015$0.195820000
Mar 19, 2015Mar 19, 2015$0.056020000
Dec 18, 2014Dec 18, 2014$0.069580000
Sep 18, 2014Sep 18, 2014$0.286230000
Jun 19, 2014Jun 19, 2014$0.175990000
Dec 19, 2013Dec 19, 2013$0.120690000
Sep 19, 2013Sep 19, 2013$0.104370000
Jun 20, 2013Jun 20, 2013$0.179850000
Mar 21, 2013Mar 21, 2013$0.008850000

Morningstar Information

Morningstar RatingTM   As of Sep 30, 2016
Period Stars Category Size
Overall 1 Stars285
3-Year 1 Stars285
5-Year 1 Stars236
10-Year N/A N/A

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, fee waivers, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each 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 fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. For funds with loads, the Morningstar rating on a load-waived basis is provided, when available. Load-waived ratings do not include any front- or back-end sales loads and are intended for investors that have access to such purchase terms. Funds with loads are waived for plans administered by ICMA-RC. Past performance is no guarantee of future results.

Morningstar Stylebox As of Sep 30, 2016
Equity Stylebox
Large Value
Allocation of Assets As of Jul 31, 2016
Type of Asset Percent
Fixed Income0%

Due to rounding, percentages shown may not add up to 100%.



Allocation of Assets As of Jul 31, 2016
Asset ClassPercent
Domestic Stock5.4%
Foreign Stock94.0%
Domestic Bond0.0%
Foreign Bond0.0%

Due to rounding, percentages shown may not add up to 100%.

Equity Sector As of Jul 31, 2016
Financial Services22.8%
Consumer Cyclical14.8%
Communication Services7.8%
Consumer Defensive5.3%
Basic Materials3.6%

Exposure reflects equity securities only and will sum to the equity exposure of the fund.

Top Ten Country Exposure As of Jul 31, 2016
United Kingdom19.3%
United States5.4%
South Korea3.0%
Top Ten Holdings As of Jul 31, 2016
Holding NamePercent
PJSC Lukoil ADR3.4%
Korea Electric Power Corp ADR3.0%
Sanofi SA2.9%
Royal Dutch Shell PLC ADR Class A2.8%
AXA SA2.5%
Australia and New Zealand Banking Group Ltd ADR2.4%
Teva Pharmaceutical Industries Ltd ADR2.3%
Sumitomo Chemical Co Ltd2.2%
Sasol Ltd ADR2.2%
Telenor ASA2.2%


Portfolio Statistics As of Sep 30, 2016
Standard Deviation13.4914.79



Please read the fund's prospectus carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus before investing. You may contact us to obtain a prospectus or to answer questions by calling 800-669-7400, emailing, or visiting

The source for this information is Morningstar, Inc. Copyright © 2016 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. Morningstar, Inc. is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.