Morningstar Fund Report  | 05/04/2025Print

Allianz Global Multi Sector Credit Fund W GBP Acc

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Allianz Global Multi Sector Credit Fund W GBP Acc
Fund1.5-4.67.77.01.4
+/-Cat1.54.30.62.4-0.2
+/-B’mrk3.38.91.94.20.2
 
Category: Global Flexible Bond - GBP Hedged
Category Benchmark: Morningstar Gbl Core Bd GR ...
Key Stats
NAV
04/04/2025		 GBP 11.70
Day Change -0.30%
Morningstar Category™ Global Flexible Bond - GBP Hedged
IA (formerly IMA) Sector Global Mixed Bond
ISIN GB00BJJQ5060
Fund Size (Mil)
28/02/2025		 GBP 132.39
Share Class Size (Mil)
04/04/2025		 GBP 40.05
Max Initial Charge -
Ongoing Charge
31/01/2025		  0.42%
Investment Objective: Allianz Global Multi Sector Credit Fund W GBP Acc
The Fund aims to generate capital growth and income by outperforming (before any fees are taken) the SONIA (in GBP), by at least 3% per year (the Target Benchmark), over a rolling four year period. The ACD will adopt a policy of active management and will invest up to 100% of the Fund’s assets in global credit bond markets such as fixed and floating rate corporate debt securities, convertibles and securitised credit bonds listed or traded on recognised markets. At least 25% of the securities of the Fund shall be invested in investment grade or higher (AAA to BBB- rated by Standard & Poor’s or Fitch or at least Baa3 rated by Moody’s). Up to 75% of the Fund’s assets may be invested in high yield securities bearing a typically higher risk and higher potential gains. Within this limit a maximum of 10% of the Fund’s assets may be held in unrated debt securities.
Returns
Trailing Returns (GBP)04/04/2025
YTD1.07
3 Years Annualised4.44
5 Years Annualised4.35
10 Years Annualised*2.54
12 Month Yield 4.57
Management
Manager Name
Start Date
David Newman
31/05/2019
Frits Lieuw-Kie-Song
01/10/2022
Click here to see others
Inception Date
31/05/2019

Category Benchmark
Fund BenchmarkMorningstar Benchmark
SONIAMorningstar Gbl Core Bd GR Hdg GBP
Portfolio Profile for  Allianz Global Multi Sector Credit Fund W GBP Acc28/02/2025
Fixed Income
Effective Maturity3.23
Effective Duration2.43
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock0.000.000.00
Bond94.060.0094.05
Property0.000.000.00
Cash329.01324.504.51
Other1.430.001.43
Growth Of 1000 (GBP) 31/03/2025
Fund:  Allianz Global Multi Sector Credit Fund W GBP Acc
Category:  Global Flexible Bond - GBP Hedged
Category Index:  Morningstar Gbl Core Bd GR Hdg GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 2018*2019*2020202120222023202431/03
Price Return-1.996.460.451.50-4.567.697.041.40
+/- Category0.87-1.65-4.781.494.300.592.43-0.25
+/- Category Index-2.200.15-4.743.338.901.914.230.19
% Rank in Category3374922122472060
Trailing Returns (GBP)04/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.30   -0.41-0.80
1 Week-0.32   -0.78-1.57
1 Month-0.59   -0.56-0.91
3 Months1.01   -0.80-1.01
6 Months1.87   0.790.96
YTD1.07   -0.81-0.85
1 Year6.58   0.791.07
3 Years Annualised4.44   2.223.96
5 Years Annualised4.35   1.424.87
10 Years Annualised*2.54   0.531.52
 
Category: Global Flexible Bond - GBP Hedged
Category Index: Morningstar Gbl Core Bd GR Hdg GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20251.40---
20241.431.353.290.80
20231.011.041.394.06
2022-2.45-4.50-0.472.92
20210.031.210.37-0.11
2020-8.865.901.642.39
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAbove AverageBelow Average4 star
5-YearAbove AverageBelow Average4 star
10-Year*AverageBelow Average4 star
Overall*Above AverageBelow Average4 star
 
Category :  Global Flexible Bond - GBP HedgedClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev3.65 %
3-Yr Mean Return4.64 %
 
3-Yr Sharpe Ratio0.16
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Gbl Core Bd GR Hdg GBP  Morningstar Gbl HY Bd GR Hdg GBP
3-Yr Beta0.450.43
3-Yr Alpha2.200.23
 
Fixed Income Style28/02/2025
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)GBP 132
Maturity Distribution %
1 to 321.00
3 to 532.37
5 to 712.88
7 to 107.97
10 to 151.25
15 to 201.28
20 to 307.10
Over 306.59
Effective Maturity3.23
Effective Duration2.43
Credit Quality Breakdown %     %
AAA0.23   BB47.48
AA0.04   B7.03
A1.58   Below B0.00
BBB43.26   Not Rated0.37
 
Category: Global Flexible Bond - GBP Hedged
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock0.000.000.00
Bond94.060.0094.05
Property0.000.000.00
Cash329.01324.504.51
Other1.430.001.43
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings0
Total Number of Bond Holdings124
Assets in Top 10 Holdings16.52
NameSectorCountry% of Assets
Allianz EMs Cprt Bond WT9 USDLuxembourg4.79
Telecom Italia S.p.A. 2.75%Italy1.34
Hammerson PLC 3.5%United Kingdom1.34
Mapfre SA 4.375%Spain1.33
Virgin Money UK PLC 3.375%United Kingdom1.32
TDC Net AS 5.186%Denmark1.31
UniCredit S.p.A. 2.731%Italy1.30
British Telecommunications PLC 8.375%United Kingdom1.28
FCT Credit Agricole Habitat 2024 3.291%France1.26
Last Mile Logistics Pan Euro Finance ... Netherlands1.25
 
Increase Decrease New since last portfolio
Category: Global Flexible Bond - GBP Hedged
 
Management
Name of CompanyAllianz Global Investors (UK) Ltd
Phone020-3246-7000
Websitewww.allianzglobalinvestors.co.uk
Address199 Bishopsgate
 London   EC2M 3TY
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date31/05/2019
Fund Advisor(s)
Allianz Global Investors (UK) Ltd
Fund ManagerDavid Newman
Manager Start Date31/05/2019
Career Start Year1989
Education
Univ. College, London, B.A.
Cass Business School, M.B.A.
 
Biography
DAVID NEWMAN CIO Global High Yield 32 years’ industry experience analysing credit 11 years with Global Fixed Income team Number 1 ranked High Yield strategist and HY industrials analyst by Euromoney, Credit Magazine and Extel (2004)* Previously Managing Director, Head of Fixed Income Credit Research and Co-Head Credit Trading at Citigroup Prior to that, Head of High Yield Credit Research at UBS Lecturer at ISMA (now ICMA - International Capital Markets Association) MBA, Cass Business School, UK BA (Hons) in Geography, University College London, UK
Fund ManagerFrits Lieuw-Kie-Song
Manager Start Date01/10/2022
 
Biography
Mr. Lieuw-Kie-Song is a portfolio manager and a director with Allianz Global Investors; he joined the firm in 2016 following the acquisition and integration of Rogge Global Partners, which he joined in 2014. He has portfolio management and credit research responsibilities for the high-yield strategies. Mr. Lieuw-Kie-Song has more than 30 years of investment-industry experience. He was previously a high-yield co-portfolio manager at Channel Capital Advisors. Before that, Mr. Lieuw-Kie-Song worked at Britton Hill Capital, LKS Capital, SGS Asset Management, Nomura and Yamaichi. He has a B.Sc. from the London School of Economics.
Fund ManagerDavid Butler
Manager Start Date04/09/2020
 
Biography
DAVID BUTLER 27 years’ industry experience •20 years with team •Began in the credit research team, covering industrials and financials, before heading Financials research, also credit selection on high yield and subordinated financials portfolios. Moved to a Portfolio Management role in 2020 •Previously Senior Analyst, Fixed Income Credit Group at NatWest Markets •Prior to that, Credit Analyst at NatWest Corporate Banking Services •BA in History & French (Hons), University of Reading, UK
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.42%
Ongoing Charge0.42%
Purchase Details
Minimum Investments
Initial10000000  GBP
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes