Morningstar Fund Report  | 07/04/2025Print

Allianz China A-Shares Equity Fund W

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Allianz China A-Shares Equity Fund W
Fund0.8-26.4-26.811.8-0.8
+/-Cat0.6-6.9-6.61.50.7
+/-B’mrk-4.2-8.4-10.1-1.82.0
 
Category: China Equity - A Shares
Category Benchmark: MSCI China A Onshore NR CNY
Key Stats
NAV
03/04/2025		 GBP 0.71
Day Change -3.26%
Morningstar Category™ China Equity - A Shares
IA (formerly IMA) Sector China/Greater China
ISIN GB00BMG9ZZ41
Fund Size (Mil)
28/02/2023		 GBP 188.34
Share Class Size (Mil)
03/04/2025		 GBP 44.77
Max Initial Charge -
Ongoing Charge
31/01/2025		  0.93%
Investment Objective: Allianz China A-Shares Equity Fund W
The Fund aims to generate long-term capital growth through investment in the Chinese A-Shares equity markets of the PRC, by aiming to outperform (net of fees) the Target Benchmark, the MSCI China A Onshore Total Return Net (in GBP) over a rolling 5 year period. At least 70% of the Fund’s assets shall be invested in Chinese A-Shares directly via Stock Connect or RQFII (Renmibi Qualified Foreign Institutional Investor program).
Returns
Trailing Returns (GBP)03/04/2025
YTD-4.77
3 Years Annualised-12.10
5 Years Annualised*-1.49
10 Years Annualised*5.58
12 Month Yield 0.94
Management
Manager Name
Start Date
Shao Ping Guan
01/07/2023
Kevin You
01/06/2021
Inception Date
16/07/2020

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI China A Onshore NR USDMSCI China A Onshore NR CNY
Portfolio Profile for  Allianz China A-Shares Equity Fund W28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock96.330.0096.33
Bond0.000.000.00
Property0.000.000.00
Cash22.1918.523.67
Other0.000.000.00
Top 5 Regions%
Asia - Emerging100.00
United States0.00
Canada0.00
Latin America0.00
United Kingdom0.00
Top 5 Sectors%
Financial Services23.01
Industrials19.51
Technology18.79
Consumer Cyclical11.89
Consumer Defensive8.48
Top 5 HoldingsSector%
China Merchants Bank Co Ltd Class AFinancial ServicesFinancial Services5.87
CITIC Securities Co Ltd Class AFinancial ServicesFinancial Services5.23
Contemporary Amperex Technology ... IndustrialsIndustrials4.72
Kweichow Moutai Co Ltd Class AConsumer DefensiveConsumer Defensive4.39
Ping An Insurance (Group) Co. of... Financial ServicesFinancial Services3.94
Increase Decrease New since last portfolio
Allianz China A-Shares Equity Fund W
Growth Of 1000 (GBP) 31/03/2025
Fund:  Allianz China A-Shares Equity Fund W
Category:  China Equity - A Shares
Category Index:  MSCI China A Onshore NR CNY
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 2018*2019*2020*202120222023202431/03
Price Return-20.1554.4362.880.79-26.44-26.7711.84-0.85
+/- Category2.7622.9823.470.57-6.90-6.611.510.73
+/- Category Index8.6722.2627.16-4.20-8.37-10.13-1.752.02
% Rank in Category30184688854633
Trailing Returns (GBP)03/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-3.26   -1.32-3.26
1 Week-4.76   -1.17-3.27
1 Month-5.37   -3.71-4.41
3 Months-1.93   -4.80-5.10
6 Months-5.74   -0.11-3.28
YTD-4.77   -4.09-3.51
1 Year4.17   0.30-6.73
3 Years Annualised-12.10   -7.11-10.24
5 Years Annualised*-1.49   -1.87-4.59
10 Years Annualised*5.58   3.616.09
 
Category: China Equity - A Shares
Category Index: MSCI China A Onshore NR CNY
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-0.85---
20240.77-0.0612.19-1.01
2023-2.39-14.56-1.54-10.82
2022-16.066.55-11.92-6.62
2021-9.2513.98-5.322.92
2020-1.23*27.37*10.03*17.66
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearBelow AverageBelow Average2 star
5-Year*AverageAverage3 star
10-Year*HighAbove Average5 star
Overall*Above AverageAverage4 star
 
Category :  China Equity - A SharesClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev21.22 %
3-Yr Mean Return-8.76 %
 
3-Yr Sharpe Ratio-0.62
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 MSCI China A Onshore NR CNY  MSCI China A Onshore NR CNY
3-Yr Beta0.920.92
3-Yr Alpha-6.40-6.40
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 29732-
Market Capitalisation% of Equity
Giant66.67
Large32.49
Medium0.85
Small0.00
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings16.061.12
Price/Book2.361.49
Price/Sales1.992.03
Price/Cash Flow10.531.43
Dividend-Yield Factor2.540.82
 
Long-Term Projected Earnings Growth8.120.93
Historical Earnings Growth6.351.69
Sales Growth5.661.64
Cash-Flow Growth20.695.30
Book-Value Growth10.671.40
 
Category: China Equity - A Shares
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock96.330.0096.33
Bond0.000.000.00
Property0.000.000.00
Cash22.1918.523.67
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States0.00-
Canada0.00-
Latin America0.00-
United Kingdom0.00-
Eurozone0.00-
Europe - ex Euro0.000.00
Europe - Emerging0.00-
Africa0.00-
Middle East0.00-
Japan0.00-
Australasia0.00-
Asia - Developed0.00-
Asia - Emerging100.001.00
 
Category: China Equity - A Shares
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials7.160.64
Consumer CyclicalConsumer Cyclical11.891.30
Financial ServicesFinancial Services23.011.34
Real EstateReal Estate0.490.32
Consumer DefensiveConsumer Defensive8.481.37
HealthcareHealthcare5.110.65
UtilitiesUtilities3.070.70
Communication ServicesCommunication Services0.460.31
EnergyEnergy2.040.54
IndustrialsIndustrials19.511.16
TechnologyTechnology18.790.92
 
Category: China Equity - A Shares
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings60
Total Number of Bond Holdings0
Assets in Top 10 Holdings37.95
NameSectorCountry% of Assets
China Merchants Bank Co Ltd Class A103China5.87
CITIC Securities Co Ltd Class A103China5.23
Contemporary Amperex Technology Co Lt... 310China4.72
Kweichow Moutai Co Ltd Class A205China4.39
Ping An Insurance (Group) Co. of Chin... 103China3.94
Midea Group Co Ltd Class A102China3.69
Luxshare Precision Industry Co Ltd Cl... 311China2.89
Zijin Mining Group Co Ltd Class A101China2.76
Will Semiconductor Co Ltd Shanghai Cl... 311China2.29
China Yangtze Power Co Ltd Class A207China2.17
 
Increase Decrease New since last portfolio
Category: China Equity - A Shares
 
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 Date16/07/2020
Fund Advisor(s)
Allianz Global Investors Asia Pacific Limited
Fund ManagerShao Ping Guan
Manager Start Date01/07/2023
 
Biography
Mr. Guan is head of the China Equity team and portfolio manager of GSAM China Equity strategies. He joined the Goldman Sachs Asset Management, L.P. in in October 2008.
Fund ManagerKevin You
Manager Start Date01/06/2021
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.53%
Ongoing Charge0.93%
Purchase Details
Minimum Investments
Initial500  GBP
Additional-
Savings-
Tax Free Savings Schemes
ISAsNo