Morningstar Fund Report  | 05/04/2025Print

Allianz Global Investors Fund - Allianz Income and Growth AM USD

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Allianz Global Investors Fund - Allianz Income and Growth AM USD
Fund12.7-9.610.711.9-6.0
+/-Cat4.4-6.26.62.5-3.4
+/-B’mrk4.2-7.03.30.9-3.6
 
Category: USD Moderate Allocation
Category Benchmark: Morningstar EAA USD Mod Tgt...
Key Stats
NAV
04/04/2025		 USD 7.70
Day Change -0.29%
Morningstar Category™ USD Moderate Allocation
ISIN LU0820561818
Fund Size (Mil)
03/04/2025		 USD 49487.87
Share Class Size (Mil)
03/04/2025		 USD 26578.05
Max Initial Charge -
Ongoing Charge
28/03/2025		  1.55%
Morningstar Research
Analyst Report10/07/2024
Hyunmin Kim, Analyst
Morningstar, Inc

Allianz Income and Growth faces some uncertainty after the SEC charged advisor Allianz Global Investors with fraud and disqualified it from providing advisory services to U.S.-registered investment funds in May 2022. That should not change the...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People24
Parent22
Process22
Performance
Price
Investment Objective: Allianz Global Investors Fund - Allianz Income and Growth AM USD
Long term capital growth and income by investing in corporate Debt Securities and Equities of US and/or Canadian equity and bond markets.
Returns
Trailing Returns (GBP)04/04/2025
YTD-8.48
3 Years Annualised2.04
5 Years Annualised8.74
10 Years Annualised7.25
12 Month Yield 8.37
Dividend Paying Frequency Monthly
Management
Manager Name
Start Date
David Oberto
01/03/2022
Justin Kass
01/03/2022
Click here to see others
Inception Date
16/10/2012

Category Benchmark
Fund BenchmarkMorningstar Benchmark
Not BenchmarkedMorningstar EAA USD Mod Tgt Alloc NR USD
Portfolio Profile for  Allianz Global Investors Fund - Allianz Income and Growth AM USD28/02/2025
Morningstar Style Box®
Equity Style
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock33.530.7732.75
Bond35.800.0035.80
Property0.000.000.00
Cash5.530.395.15
Other26.300.0026.30
Fixed Income
Effective Maturity3.36
Effective Duration2.93
Top 5 Regions%
United States99.57
Eurozone0.20
United Kingdom0.13
Canada0.06
Japan0.02
Top 5 Sectors%
Technology28.96
Financial Services13.99
Consumer Cyclical12.97
Healthcare12.34
Communication Services9.71
Top 5 HoldingsSector%
Apple IncTechnologyTechnology2.15
NVIDIA CorpTechnologyTechnology1.77
Amazon.com IncConsumer CyclicalConsumer Cyclical1.59
Microsoft CorpTechnologyTechnology1.55
Meta Platforms Inc Class ACommunication ServicesCommunication Services1.06
Increase Decrease New since last portfolio
Allianz Global Investors Fund - Allianz Income and Growth AM USD
Growth Of 1000 (GBP) 31/03/2025
Fund:  Allianz Global Investors Fund - Allianz Income and Growth AM USD
Category:  USD Moderate Allocation
Category Index:  Morningstar EAA USD Mod Tgt Alloc NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return1.0214.8818.1812.69-9.5910.7111.91-6.05
+/- Category1.824.4314.004.39-6.256.602.52-3.38
+/- Category Index---4.16-7.043.310.88-3.59
% Rank in Category28102139332098
Trailing Returns (GBP)04/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.29   2.042.47
1 Week-3.25   -0.35-0.33
1 Month-6.74   -0.74-1.12
3 Months-9.46   -3.47-3.36
6 Months-2.41   -0.39-1.11
YTD-8.48   -3.42-3.50
1 Year-1.68   -1.86-2.86
3 Years Annualised2.04   -0.19-1.89
5 Years Annualised8.74   3.652.41
10 Years Annualised7.25   2.520.94
 
Category: USD Moderate Allocation
Category Index: Morningstar EAA USD Mod Tgt Alloc NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-6.05---
20244.821.20-3.058.82
20231.582.642.573.52
2022-3.69-8.437.80-4.90
20210.545.692.753.21
2020-8.7617.654.775.08
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAbove AverageAbove Average3 star
5-YearHighAbove Average5 star
10-YearHighAbove Average5 star
Overall*HighAbove Average5 star
 
Category :  USD Moderate AllocationClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev9.56 %
3-Yr Mean Return3.45 %
 
3-Yr Sharpe Ratio-0.06
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar EAA USD Mod Tgt Alloc NR USD  Morningstar US Market Ext NR USD
3-Yr Beta1.010.61
3-Yr Alpha-1.77-4.30
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 344219-
Market Capitalisation% of Equity
Giant44.41
Large41.85
Medium12.50
Small1.02
Micro0.22
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings24.331.28
Price/Book5.031.60
Price/Sales2.811.22
Price/Cash Flow17.291.34
Dividend-Yield Factor1.150.58
 
Long-Term Projected Earnings Growth18.071.75
Historical Earnings Growth8.950.77
Sales Growth7.761.28
Cash-Flow Growth8.431.21
Book-Value Growth7.270.91
 
Category: USD Moderate Allocation
Fixed Income Style28/02/2025
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)USD 51067
Maturity Distribution %
1 to 325.25
3 to 532.21
5 to 720.66
7 to 1014.02
10 to 150.20
15 to 200.00
20 to 300.80
Over 300.00
Effective Maturity3.36
Effective Duration2.93
Credit Quality Breakdown %     %
AAA0.00   BB33.74
AA0.04   B12.68
A8.48   Below B4.05
BBB16.16   Not Rated24.85
 
Category: USD Moderate Allocation
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock33.530.7732.75
Bond35.800.0035.80
Property0.000.000.00
Cash5.530.395.15
Other26.300.0026.30
World Regions28/02/2025
 % of EquityRelative to Category
United States99.571.44
Canada0.060.03
Latin America0.010.01
United Kingdom0.130.02
Eurozone0.200.02
Europe - ex Euro0.000.00
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.06
Japan0.020.01
Australasia0.010.02
Asia - Developed0.010.00
Asia - Emerging0.000.00
 
Category: USD Moderate Allocation
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials2.530.88
Consumer CyclicalConsumer Cyclical12.971.32
Financial ServicesFinancial Services13.990.86
Real EstateReal Estate2.341.11
Consumer DefensiveConsumer Defensive3.920.65
HealthcareHealthcare12.341.14
UtilitiesUtilities3.651.11
Communication ServicesCommunication Services9.711.03
EnergyEnergy1.760.41
IndustrialsIndustrials7.840.70
TechnologyTechnology28.961.22
 
Category: USD Moderate Allocation
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings167
Total Number of Bond Holdings184
Assets in Top 10 Holdings12.59
NameSectorCountry% of Assets
Apple Inc311United States2.15
NVIDIA Corp311United States1.77
Amazon.com Inc102United States1.59
Microsoft Corp311United States1.55
Meta Platforms Inc Class A308United States1.06
Wells Fargo & Co 7 1/2 % Non Cum Perp... United States1.04
Mastercard Inc Class A103United States0.92
Welltower OP LLC 3.125%United States0.86
Tenet Healthcare Corporation 6.125%United States0.84
Alphabet Inc Class A308United States0.81
 
Increase Decrease New since last portfolio
Category: USD Moderate Allocation
 
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 Date16/10/2012
Fund Advisor(s)
Voya Investment Management Co. LLC
Fund ManagerDavid Oberto
Manager Start Date01/03/2022
Career Start Year2003
Education
D'Amore -McKim School of Business at Northeastern University, M.S.
Fordham University, B.A./B.S.
 
Biography
David Oberto is a lead portfolio manager, income and growth at Voya Investment Management. Prior to joining Voya, he was a portfolio manager and director at Allianz Global Investors, where he held portfolio management, research and trading responsibilities for the income and growth strategies team. and served as portfolio manager for the U.S. High Yield Bond strategy and was also responsible for managing multiple closed-end and open-end mutual funds. Prior to that, he was a portfolio administrator, a credit default swaps (CDS) account manager and a trade-closer at Bain Capital. David earned a BSBA with a concentration in finance and a minor in economics from Fordham University and an MS in finance from the D’Amore-McKim School of Business at Northeastern University.
Fund ManagerJustin Kass
Manager Start Date01/03/2022
Career Start Year1998
Education
1997, University of California, Davis, B.S.
2000, University of California, Los Angeles (Anderson), M.B.A.
 
Biography
Justin Kass is chief investment officer, co-head of income and growth at Voya Investment Management. Prior to joining Voya, he was a portfolio manager, managing director, CIO and co-head of U.S. income and growth strategies at Allianz Global Investors, where he held portfolio management, research and trading responsibilities for the income and strategies team. Prior to that at Allianz Global Investors, Justin held portfolio manager responsibilities for the U.S. convertible strategy and was a lead portfolio manager for the income and growth strategy since its inception and was also responsible for managing multiple closed-end and open-end mutual funds. Justin earned a BS from the University of California, Davis and an MBA from the UCLA Anderson School of Management. He is a CFA® Charterholder.
Fund ManagerEthan Turner
Manager Start Date15/03/2023
Career Start Year2005
Education
San Diego State University, B.S.
UCLA Anderson School, M.B.A.
 
Biography
Ethan Turner is a portfolio manager, income and growth at Voya Investment Management. Prior to joining Voya, he was an analyst and vice president at Allianz Global Investors, where he held research responsibilities for the income and growth strategies team and was previously a trading assistant. Prior to that, Ethan was a lead analyst covering the financial sector at Relational Investors and a financial analyst at Sunstone Hotel Investors. Ethan earned a BS from San Diego State University and an MBA from the Anderson School of Management at the University of California, Los Angeles. He is a CFA® Charterholder.
Fund ManagerWilliam (Brit) Stickney
Manager Start Date01/03/2022
Career Start Year1989
Education
1989, Miami University of Ohio, B.S.
2000, Northwestern University, M.B.A.
 
Biography
William (Brit) Stickney is co-head of income and growth at Voya Investment Management. Prior to joining Voya, he was a portfolio manager, managing director and co-head at Allianz Global Investors, where he held portfolio management and research responsibilities for the income and growth strategies team. Prior to that, he was a vice president of institutional fixed-income sales with ABN AMRO, Inc., where his primary focus was on high yield corporate securities. Previously, he worked for Cowen & Company and Wayne Hummer & Company. Brit earned a BS in finance from Miami University, Ohio and an MBA from the Kellogg School of Management, Northwestern University.
Fund ManagerMichael Yee
Manager Start Date01/03/2022
Career Start Year1994
Education
1999, San Diego State University, M.B.A.
1993, University of California–San Diego, B.S.
 
Biography
Michael Yee is a lead portfolio manager, income and growth at Voya Investment Management. Prior to joining Voya, Michael was a portfolio manager and managing director at Allianz Global Investors, where he held portfolio management, research and trading responsibilities for the income and growth strategies team. He also served as a lead portfolio manager for the income and growth strategy since inception and was responsible for managing multiple closed-end and open-end mutual funds. Prior to that, Michael was an analyst for the global and systematic team with responsibilities focused on U.S. large cap equity strategies and worked in global portfolio administration and client service. Previously, he was a financial consultant for Priority One Financial/Liberty Foundation. Michael earned a BS from the University of California, San Diego, and an MBA from San Diego Stat e University.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.50%
Ongoing Charge1.55%
Purchase Details
Minimum Investments
Initial500  GBP
Additional-
Savings-
Tax Free Savings Schemes
ISAsNo