Fact sheet: Allianz Euro Bond Strategy

Fund information
Fund name
Allianz Euro Bond Strategy CT NAV EUR
Fund manager company
Allianz Global Investors GmbH
Fund type
Offshore Fund
Fund manager
  • Roberto Antoniellisince 09/02/2010
Fund objective
The fund invests particularly in EUR-denominated securities from public issuers and corporate bonds. Up to 30 % of the fund's assets may be invested in bonds from the Emerging Markets. Foreign currency exposure exceeding 20 % of the fund's volume needs to be hedged against euros. The portfolio shall have a medium duration. Its investment objective is to attain an above-average long-term return in euros.
Benchmark
  • ML EMU Large Cap Investment Grade Idx
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
4.7%
1 Year rank in sector
16/33
Sector
FO Fixed Int - EUR
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.
1.14%
Fund size
£266m
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.
65
Top in this sector
Fund name1 Year
Schroder ISF EURCrConv8.9%
Robeco All Strat Euro Bds8.5%
Union Quoniam Sel SICV€Cr7.4%
Lloyds Euro High Inc7.4%
Pictet EUR Bonds7.3%
...more in FO Fixed Int - EUR

Performance snapshot

Holdings snapshot

  • Germany22.7%
    France20.3%
    Italy19.4%
    Europe14.6%
    Spain10.4%
  • Government Bonds75.3%
    Corporate Bonds15.3%
    Others5.4%
    Mortgage & Secured Bonds4.1%
  • German Fixed Interest22.7%
    French Fixed Interest20.3%
    Italian Fixed Interest19.4%
    European Fixed Interest15%
    Spanish Fixed Interest10.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.4%1.3%2%4.7%17.5%25.6%
Sector0.1%1.9%2.5%3.9%13.1%25.4%
Rank within sector29 / 3321 / 3320 / 3316 / 3311 / 2716 / 22
Quartile4th3rd3rd2nd2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund4.5%-0.7%11.6%1.1%8.2%
Sector3.7%0%7.7%1.5%10.2%
Rank within sector16 / 3323 / 327 / 3017 / 2618 / 24
Quartile2nd3rd1st3rd3rd
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.
-0.77
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.
1.51
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.
0.63
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%.
3.51
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.
1.61
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.
0.84
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.
0.89
Price movement
52 week high132.51
52 week low125.47
Current bid price-
Current offer price-
Current mid price131.64
Region
1Germany22.7%
2France20.3%
3Italy19.4%
4Europe14.6%
5Spain10.4%
6International6.2%
7UK2.8%
8Others1.7%
9Ireland1.5%
Industry sector
1Government Bonds75.3%
2Corporate Bonds15.3%
3Others5.4%
4Mortgage & Secured Bonds4.1%
Asset type
1German Fixed Interest22.7%
2French Fixed Interest20.3%
3Italian Fixed Interest19.4%
4European Fixed Interest15%
5Spanish Fixed Interest10.4%
6Global Fixed Interest7.9%
7UK Fixed Interest2.8%
8Irish Fixed Interest1.5%
Individual holdings
1GERMANY(FEDERAL REPUBLIC OF) 4.75% BDS 4/7/2028 EUR0.013.45%
2GERMANY(FEDERAL REPUBLIC OF) 0.5% BDS 15/02/25 EUR0.013.02%
3NETHERLANDS(KINGDOM OF) 5.5% BDS 15/1/2028 EUR12.37%
4FRANCE(GOVT OF) 2.25% BDS 25/05/24 EUR12.24%
5ITALY(REPUBLIC OF) 4.75% BDS 01/09/44 EUR10002.1%
6FRANCE(GOVT OF) 3.5% BDS 25/04/26 EUR11.95%
7FRANCE(GOVT OF) 3.25% BDS 25/10/21 EUR11.83%
8BELGIUM(KINGDOM OF) 4.50% NTS 28/03/26 EUR0.011.74%
9ITALY(REPUBLIC OF) 4.5% BDS 01/03/24 EUR10001.7%
Management
Fund manager group
No data available.
Fund manager company
Allianz Global Investors GmbH
Fund type
Offshore Fund
Fund objective
The fund invests particularly in EUR-denominated securities from public issuers and corporate bonds. Up to 30 % of the fund's assets may be invested in bonds from the Emerging Markets. Foreign currency exposure exceeding 20 % of the fund's volume needs to be hedged against euros. The portfolio shall have a medium duration. Its investment objective is to attain an above-average long-term return in euros.
Benchmark
  • ML EMU Large Cap Investment Grade Idx
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Roberto Antonielli09/02/2010Roberto Antonielli, CFA is the Leading fund manager for the Allianz Reddito Euro, Allianz Euro Bond Strategy and Ras Lux Bond Europe funds. After graduating with honours in Economics from Pavia University, he obtained a Master of Science in Economics and Econometrics from the University of Southampton. His professional experience stretches back 13 years, and he has been a CFA Charter Holder since 2002. He specialises in the medium- to long-term section of the Euro government curve, in covered bonds and in interest rate derivatives. With Allianz Global Investors Italia SGR since 1997, he initially joined as a junior portfolio manager on Italian bond funds, then moved to global bond funds. Since 2002 he has been responsible for medium-long term bond funds in the Eurozone.
Compliance
Transparent for German Tax, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Germany, Spain, France, United Kingdom, Hungary, Italy, Luxembourg, Offshore, Portugal
Allianz Euro Bond Strategy AT2 EUR
Initial charge3%
Annual charge0.86%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)-
Bid price102.08
Offer price105.14
Mid price-
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE9AB
Allianz Euro Bond Strategy AT2 NAV EUR
Initial charge3%
Annual charge0.86%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price102.08
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE9AA
Allianz Euro Bond Strategy C EUR
Initial charge3%
Annual charge1.09%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.14%
Total expense ratio (TER)1.14%
Bid price117.38
Offer price120.9
Mid price-
CurrencyEUR
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFF1A
Allianz Euro Bond Strategy C NAV EUR
Initial charge3%
Annual charge1.09%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.14%
Total expense ratio (TER)1.14%
Bid price-
Offer price-
Mid price117.38
CurrencyEUR
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIBV4
Allianz Euro Bond Strategy CT EUR
Initial charge3%
Annual charge1.09%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.14%
Total expense ratio (TER)1.14%
Bid price131.64
Offer price135.59
Mid price-
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFF1B
Allianz Euro Bond Strategy CT NAV EUR
Initial charge3%
Annual charge1.09%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.14%
Total expense ratio (TER)1.14%
Bid price-
Offer price-
Mid price131.64
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIBV5
Allianz Euro Bond Strategy IT EUR
Initial charge-
Annual charge0.55%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.56%
Total expense ratio (TER)0.56%
Bid price1368.3
Offer price1368.3
Mid price-
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFF1C
Allianz Euro Bond Strategy IT NAV EUR
Initial charge-
Annual charge0.55%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.56%
Total expense ratio (TER)0.56%
Bid price-
Offer price-
Mid price1368.3
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIBV6
Allianz Euro Bond Strategy PT EUR
Initial charge-
Annual charge0.55%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.6%
Total expense ratio (TER)-
Bid price1022.08
Offer price1022.08
Mid price-
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE9AD
Allianz Euro Bond Strategy PT NAV EUR
Initial charge-
Annual charge0.55%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.6%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1022.08
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE9AC
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