Morningstar Fund Report  | 17/04/2025Print

Allianz Global Investors Fund - Allianz Europe Equity Growth A EUR

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Allianz Global Investors Fund - Allianz Europe Equity Growth A EUR
Fund23.0-26.717.4-4.8-1.9
+/-Cat6.2-10.74.0-4.0-2.3
+/-B’mrk--3.9-8.0-5.1
 
Category: Europe Large-Cap Growth Equity
Category Benchmark: Morningstar Dev Europe Grt ...
Key Stats
NAV
16/04/2025		 EUR 308.13
Day Change -1.35%
Morningstar Category™ Europe Large-Cap Growth Equity
ISIN LU0256839191
Fund Size (Mil)
15/04/2025		 EUR 2608.19
Share Class Size (Mil)
15/04/2025		 EUR 498.91
Max Initial Charge 5.00%
Ongoing Charge
28/03/2025		  1.85%
Morningstar Research
Analyst Report07/11/2024
Ronald van Genderen, Senior Analyst
Morningstar, Inc

This high-quality team, led by the seasoned and highly regarded Thorsten Winkelmann, has returned to calmer waters after it had seen several changes since 2017. This warrants an upgrade of its People Pillar rating to Above Average from Average....

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People24
Parent22
Process24
Performance
Price
Investment Objective: Allianz Global Investors Fund - Allianz Europe Equity Growth A EUR
Long-term capital growth by investing in European Equity Markets with a focus on growth stocks in accordance with e/s characteristics.
Returns
Trailing Returns (GBP)16/04/2025
YTD-5.78
3 Years Annualised-0.67
5 Years Annualised5.26
10 Years Annualised5.14
12 Month Yield 1.67
Dividend Paying Frequency Annually
Management
Manager Name
Start Date
Andreas Hildebrand
10/10/2023
Giovanni Trombello
10/10/2023
Click here to see others
Inception Date
16/10/2006

Category Benchmark
Fund BenchmarkMorningstar Benchmark
S&P Europe LargeMidCap Growth NR USDMorningstar Dev Europe Grt TME NR EUR
Portfolio Profile for  Allianz Global Investors Fund - Allianz Europe Equity Growth A EUR31/03/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock105.550.00105.55
Bond0.000.000.00
Property0.000.000.00
Cash0.876.41-5.55
Other0.000.000.00
Top 5 Regions%
Eurozone49.89
Europe - ex Euro38.89
United Kingdom11.22
United States0.00
Canada0.00
Top 5 Sectors%
Industrials29.54
Technology26.83
Consumer Cyclical14.02
Healthcare12.07
Basic Materials5.32
Top 5 HoldingsSector%
ASML Holding NVTechnologyTechnology7.74
SAP SETechnologyTechnology6.28
Novo Nordisk AS Class BHealthcareHealthcare4.92
Partners Group Holding AGFinancial ServicesFinancial Services4.00
Assa Abloy AB Class BIndustrialsIndustrials3.95
Increase Decrease New since last portfolio
Allianz Global Investors Fund - Allianz Europe Equity Growth A EUR
Growth Of 1000 (GBP) 31/03/2025
Fund:  Allianz Global Investors Fund - Allianz Europe Equity Growth A EUR
Category:  Europe Large-Cap Growth Equity
Category Index:  Morningstar Dev Europe Grt TME NR EUR
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-13.6327.8419.4622.99-26.7217.43-4.75-1.88
+/- Category-3.304.784.846.19-10.733.99-3.95-2.29
+/- Category Index-----3.94-7.98-5.11
% Rank in Category7417201698208377
Trailing Returns (GBP)16/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-1.35   -2.25-1.95
1 Week4.31   -0.730.29
1 Month-8.76   -2.99-2.93
3 Months-10.16   -5.59-8.23
6 Months-10.17   -4.15-7.93
YTD-5.78   -3.90-6.85
1 Year-13.36   -6.41-11.72
3 Years Annualised-0.67   -3.45-6.33
5 Years Annualised5.26   -2.08-4.01
10 Years Annualised5.14   -1.17-1.79
 
Category: Europe Large-Cap Growth Equity
Category Index: Morningstar Dev Europe Grt TME NR EUR
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-1.88---
20247.19-1.57-2.04-7.85
202312.17-0.92-6.3312.80
2022-15.73-19.99-5.1314.58
20212.2110.672.196.41
2020-14.8922.707.596.32
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearLowHigh1 star
5-YearAverageHigh2 star
10-YearBelow AverageHigh2 star
Overall*Below AverageHigh2 star
 
Category :  Europe Large-Cap Growth EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev19.57 %
3-Yr Mean Return0.30 %
 
3-Yr Sharpe Ratio-0.19
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Dev Europe Grt TME NR EUR  Morningstar Dev Europe Grt TME NR EUR
3-Yr Beta1.361.36
3-Yr Alpha-7.38-7.38
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)EUR 39921-
Market Capitalisation% of Equity
Giant29.83
Large45.66
Medium24.51
Small0.00
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings24.511.15
Price/Book4.451.28
Price/Sales3.261.17
Price/Cash Flow18.861.22
Dividend-Yield Factor1.600.80
 
Long-Term Projected Earnings Growth11.551.13
Historical Earnings Growth6.030.66
Sales Growth6.951.19
Cash-Flow Growth7.270.95
Book-Value Growth8.191.17
 
Category: Europe Large-Cap Growth Equity
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock105.550.00105.55
Bond0.000.000.00
Property0.000.000.00
Cash0.876.41-5.55
Other0.000.000.00
World Regions31/03/2025
 % of EquityRelative to Category
United States0.000.00
Canada0.000.00
Latin America0.000.00
United Kingdom11.220.75
Eurozone49.890.91
Europe - ex Euro38.891.58
Europe - Emerging0.000.00
Africa0.00-
Middle East0.00-
Japan0.000.00
Australasia0.000.00
Asia - Developed0.000.00
Asia - Emerging0.000.00
 
Category: Europe Large-Cap Growth Equity
Sector Weightings31/03/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials5.320.76
Consumer CyclicalConsumer Cyclical14.021.14
Financial ServicesFinancial Services3.790.41
Consumer DefensiveConsumer Defensive4.790.72
HealthcareHealthcare12.070.63
Communication ServicesCommunication Services3.641.46
IndustrialsIndustrials29.541.30
TechnologyTechnology26.831.43
 
Category: Europe Large-Cap Growth Equity
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings48
Total Number of Bond Holdings0
Assets in Top 10 Holdings44.50
NameSectorCountry% of Assets
ASML Holding NV311Netherlands7.74
SAP SE311Germany6.28
Novo Nordisk AS Class B206Denmark4.92
Partners Group Holding AG103Switzerland4.00
Assa Abloy AB Class B310Sweden3.95
Atlas Copco AB Class A310Sweden3.79
DSV AS310Denmark3.78
Sika AG101Switzerland3.60
Dassault Systemes SE311France3.25
Adyen NV311Netherlands3.19
 
Increase Decrease New since last portfolio
Category: Europe Large-Cap Growth Equity
 
Management
Name of CompanyAllianz Global Investors GmbH
Phone+49 (0) 69 2443-1140
Websitewww.allianzglobalinvestors.de
AddressBockenheimer Landstrasse 42-44
 Frankfurt am Main   60323
 Germany
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date16/10/2006
Fund Advisor(s)
Allianz Global Investors GmbH, UK Branch – London
Allianz Global Investors GmbH
Fund ManagerAndreas Hildebrand
Manager Start Date10/10/2023
 
Biography
Andreas Hildebrand is a Portfolio Manager and Director with Allianz Global Investors, which he joined in 2007. He is Lead Portfolio Manager for the Euroland Equity Growth strategy, Deputy Portfolio Manager for the Europe Equity Growth Select strategy, and became Co-Deputy Portfolio Manager of the Global Equity Growth strategy in 2020. Andreas previously worked in the firm’s Equity Research department, covering European Healthcare. He has 12 years of investment industry experience. Andreas has a Master’s degree in Economics from Ludwig Maximilians University, Munich, with additional studies at University Libre de Bruxelles and Solvay Business School. He is a CFA charterholder.
Fund ManagerGiovanni Trombello
Manager Start Date10/10/2023
 
Biography
Giovanni Trombello is a Portfolio Manager and Director with Allianz Global Investors, which he joined in 2009. He is Co-Lead Portfolio Manager of the Europe Equity Growth Select strategy. Mr. Trombello was previously a Senior Research Analyst within the European Consumer team, covering the food, beverage and tobacco sectors, and also managed the Allianz Deluxe consumer sector fund between 2006 and 2016. Mr. Trombello has 20 years of investment industry experience. He previously worked at Cominvest, where he also covered consumer sectors. He has a Master’s degree in international taxation and finance from the University of Mannheim. Mr. Trombello is also a CFA charterholder and holds the DVFA/Certified European Financial Analyst (CEFA) designation.
Fund ManagerJames Ashworth
Manager Start Date10/10/2023
 
Biography
James Ashworth, CFA Senior Analyst, US Financials sector James Ashworth joined AllianzGI as Senior Analyst covering the US Financials sector in November 2022. James has more than 15 years of experience in financial services and joined AllianzGI from Tesco Pension Investment Ltd, where he was an Equity Fund Manager managing a global equities portfolio. Prior to Tesco, he was a Global Equities Analyst at the Universities Superannuation Scheme, one of the largest pension schemes in the UK, where he worked on the North American public equities portfolio. He has also held investment analyst roles at private investment firms. James started his career at Deutsche Bank, where he was lastly Vice President in the Investment Banking division. James graduated from Cambridge University in 2005 and has an MA (Hons) Cantab in Economics. He is a CFA Charterholder and Co-Chair of the Value Investing Special Interest Group at the CFA Society of the UK.
Fund ManagerChristian Schneider
Manager Start Date10/10/2023
 
Biography
Christian joined the Global Equity Fund Management Team as a portfolio manager in April 2000 and managed also a US Equity strategy until 2002. Since 2020 he is serving as the Deputy CIO of the Global Growth Team. Mr. Schneider began his investment career in June 1996 with DG-Bank as a trainee portfolio manager for one year; and then moved to DG Capital in February 1997 to March 2000 as a Global Equity Portfolio Manager, where he was also responsible for portfolio construction for equity and balanced funds. Mr. Schneider graduated with a Master’s degree in Economics from the University of Giessen and is a CFA charterholder. He also participated in the 2010 / 2011 Allianz Management Program.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge5.00%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.80%
Ongoing Charge1.85%
Purchase Details
Minimum Investments
Initial-
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes