Fact sheet: Allianz Dynamic Commodities

Fund information
Fund name
Allianz Dynamic Commodities A NAV EUR
Fund manager company
Allianz Global Investors GmbH
Fund type
Offshore Fund
Fund managers
  • Daniel Zieglersince 01/01/2016
  • Frederik Fischersince 01/01/2016
Fund objective
The funds aims at participating in the performance of international commodities markets. To this end, it takes exposure to the Dynamic Commodities Strategy by means of derivatives (swaps), in particular. The strategy invests, for one thing, in broadly diversified commodities indices. For another thing, it takes exposure to selected commodities from the energy, industrial metals, precious metals and agricultural sectors by means of certificates (exchange-traded commodities). The weighting of the individual commodities is regularly adjusted on the basis of fundamental and technical indicators, in order to capture anticipated market and price trends. The fund's overall exposure to the strategy is to be controlled between 50 and 150 % of its assets. The liquidity corresponding with the derivatives structure is invested in a bond portfolio with a short duration.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Commodity/Energy
Quick stats
1 Year return
5.2%
1 Year rank in sector
2/4
Sector
FO Hedge/Stru Prod - Commodity
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.59%
Fund size
£43m (£12m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
102
Top in this sector
Fund name1 Year
Vontobel HrcrtCom10.2%
Allianz Dynamic Commodities5.2%
Pictet PAF Commo-4.2%
Russell OW ComLonNeSt-5.7%
ML ML MLCX Comm Alpha-
...more in FO Hedge/Stru Prod - Commodity

Performance snapshot

Holdings snapshot

  • International100%
  • Fishery, Agriculture & Forestry33.6%
    Energy27.7%
    Precious Metals & Stones19.4%
    Industrial Commodities19.3%
  • Commodity & Energy100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2%0%-3.6%5.2%--
Sector-0.9%-0.8%-0.4%-1%-6.3%-11.8%
Rank within sector3 / 43 / 54 / 52 / 4--
Quartile3rd3rd4th2nd
Calendar performance
 YTD - 20162015201420132012
Fund5.2%-24.8%---
Sector-0.7%-4.6%-0.6%-1.4%-4.5%
Rank within sector2 / 44 / 4---
Quartile2nd4th
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
-
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
-
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
-
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
-
Price movement
52 week high70.01
52 week low59.08
Current bid price-
Current offer price-
Current mid price64.58
Region
1International100%
Industry sector
1Fishery, Agriculture & Forestry33.58%
2Energy27.72%
3Precious Metals & Stones19.43%
4Industrial Commodities19.27%
Asset type
1Commodity & Energy100%
Individual holdings
No data available.
Management
Fund manager group
No data available.
Fund manager company
Allianz Global Investors GmbH
Fund type
Offshore Fund
Fund objective
The funds aims at participating in the performance of international commodities markets. To this end, it takes exposure to the Dynamic Commodities Strategy by means of derivatives (swaps), in particular. The strategy invests, for one thing, in broadly diversified commodities indices. For another thing, it takes exposure to selected commodities from the energy, industrial metals, precious metals and agricultural sectors by means of certificates (exchange-traded commodities). The weighting of the individual commodities is regularly adjusted on the basis of fundamental and technical indicators, in order to capture anticipated market and price trends. The fund's overall exposure to the strategy is to be controlled between 50 and 150 % of its assets. The liquidity corresponding with the derivatives structure is invested in a bond portfolio with a short duration.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Commodity/Energy
Fund managers
NameSinceBiography
Daniel Ziegler01/01/2016Daniel Ziegler is head of the LDI overlay team within the Multi Asset portfolio management group. He joined the Multi Asset Division of Allianz Global Investors in 2006 as a portfolio manager and has worked in the multi strategy, the protection and the overlay teams. Daniel was educated at the Technische Universität Darmstadt and the University of Illinois at Urbana-Champaign and received a joint master’s degree in finance and electrical engineering in 2002. Daniel obtained the Professional Risk Manager (PRM) designation in 2007 and the Chartered Alternative Investment Analyst designation in 2013.
Frederik Fischer01/01/2016
Compliance
Transparent for German Tax, Reporting Fund Status, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Switzerland, Germany, Spain, United Kingdom, Ireland, Italy, Luxembourg, Offshore, Poland
Allianz Dynamic Commodities A EUR
Initial charge5%
Annual charge1.55%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.59%
Total expense ratio (TER)1.59%
Bid price64.58
Offer price67.81
Mid price-
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFHOV
Allianz Dynamic Commodities A NAV EUR
Initial charge5%
Annual charge1.55%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.59%
Total expense ratio (TER)1.59%
Bid price-
Offer price-
Mid price64.58
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFHOW
Allianz Dynamic Commodities I EUR
Initial charge-
Annual charge0.83%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)0.83%
Bid price498.07
Offer price498.07
Mid price-
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeLTR4
Allianz Dynamic Commodities I NAV EUR
Initial charge-
Annual charge0.83%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)0.83%
Bid price-
Offer price-
Mid price498.07
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFEML
Allianz Dynamic Commodities W EUR
Initial charge-
Annual charge0.58%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.59%
Total expense ratio (TER)-
Bid price979.91
Offer price979.91
Mid price-
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeC1OY
Allianz Dynamic Commodities W NAV EUR
Initial charge-
Annual charge0.58%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.59%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price979.91
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeC1OZ
Data provided by

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