Fund Facts  

Inception Date: May 12, 2010
CUSIP: 018920371
Ticker Symbol: AIVAX
Morningstar Category:Foreign Large Value
As of Sep 30, 2017
Fund Net Assets ($millions) $416

Documents for Fund or Underlying Fund(s)  

Description

Objective  

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

Principal Investment Strategies  

The fund normally invests at least 65% of its net assets (plus borrowings made for investment purposes) 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, 2017
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
AllianzGI NFJ Intl Value Admina5.63%18.42%15.68%-2.98%1.24%N/A2.93%
MSCI ACWI ex USA Index (Net)a,b6.16%21.13%19.61%4.70%6.97%1.28%N/A
Morningstar Foreign Large Valuea,c5.28%18.11%18.79%3.64%7.14%0.72%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 www.icmarc.org.

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.

Fund Expensesa
Gross Expenses1.27%
Net Expenses1.27%

 

a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2017 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 Morningstar category represents the average return for a category of funds with similar investment objectives and strategies. The average is calculated and funds are assigned to a category by Morningstar.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Sep 21, 2017Sep 21, 2017$0.104050000
Jun 22, 2017Jun 22, 2017$0.155790000
Mar 16, 2017Mar 16, 2017$0.036800000
Dec 22, 2016Dec 22, 2016$0.108540000
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, 2017
Period Stars Category Size
Overall 1 Stars261
3-Year 1 Stars261
5-Year 1 Stars210
10-Year N/A N/A

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.

Morningstar Stylebox As of Sep 30, 2017
Equity Stylebox
Large Value
Allocation of Assets As of Jul 31, 2017
Type of Asset Percent
Equity94%
Fixed Income0%
Cash/Other6%

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

 
 

Characteristics

Allocation of Assets As of Jul 31, 2017
Asset ClassPercent
Domestic Stock2.9%
Foreign Stock90.8%
Domestic Bond0.0%
Foreign Bond0.0%
Preferred0.0%
Convertible0.0%
Cash1.2%
Other5.2%

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

 
Equity Sector As of Jul 31, 2017
SectorPercent
Financial Services32.5%
Technology11.6%
Consumer Cyclical9.9%
Industrials8.1%
Consumer Defensive7.8%
Communication Services6.1%
Basic Materials5.9%
Energy4.9%
Utilities3.0%
Healthcare2.8%
Real Estate1.0%

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

 
Top Ten Country Exposure As of Jul 31, 2017
CountryPercent
United Kingdom13.3%
Canada10.5%
Japan9.7%
France8.9%
China8.0%
Germany8.0%
Netherlands4.1%
Australia2.9%
United States2.9%
Taiwan2.8%
Top Ten Holdings As of Jul 31, 2017
Holding NamePercent
The Toronto-Dominion Bank3.9%
ING Groep NV3.0%
Taiwan Semiconductor Manufacturing Co Ltd ADR2.8%
Manulife Financial Corp2.4%
Legal & General Group PLC2.2%
Nippon Telegraph & Telephone Corp2.2%
DBS Group Holdings Ltd2.1%
Munchener Ruckversicherungs-Gesellschaft AG2.1%
Magna International Inc Class A2.1%
China Shenhua Energy Co Ltd H2.0%
 

Statistics

Portfolio Statistics As of Sep 30, 2017
Statistic3-Year5-Year
Beta1.031.03
Alpha-7.69-5.63
Standard Deviation13.0212.19
 
 

Footnotes

1.

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 investorservices@icmarc.org, or visiting www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2017 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.