Fact sheet: Allianz Flex Bd Str

Fund information
Fund name
Allianz Flexible Bond Strategy C NAV EUR
Fund manager company
Allianz Global Investors GmbH
Fund type
Offshore Fund
Fund managers
  • Monica Zanisince 29/07/2011
  • Mauro Vittorangelisince 29/07/2011
Fund objective
The fund follows an absolute return approach aiming at superior risk-adjusted returns with regard to the European bond markets. To this end, the fund primarily invests in bonds of public issuers and companies that are domiciled in Europe (ex Russia and Turkey). Up to 30 % of the fund's assets may be invested in securities issued outside of Europe. Investments in mortgage-/asset-backed securities (MBS/ABS) may not exceed 20 %. Exposure in foreign currencies exceeding 30 % of the fund's assets is to be hedged against the euro. Portfolio duration may be actively managed between minus 4 and plus 8 years.
Benchmark
  • No Specified Index
Investment style
Absolute Return
Investment method
Fixed Interest
Quick stats
1 Year return
-1%
1 Year rank in sector
90/128
Sector
FO Absolute Return
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.
1.39%
Fund size
£857m (£2,264m 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.
59
Top in this sector
Fund name1 Year
SW Mitchell Emerging European17.9%
Pioneer SICV-AbsRetBd15.1%
BlackRock SFAmDfEAbslRn12.9%
Polar Capital UK Abs Eq12.5%
Orbis Optimal SA11.7%
...more in FO Absolute Return

Performance snapshot

Holdings snapshot

  • Germany20.5%
    International15.9%
    Italy15.5%
    France11.7%
    Others8.4%
  • Investment Grade Corporate Bonds27.8%
    Government Bonds26.9%
    Local Government Bonds21.5%
    High Yield Bond9.9%
    Others9.5%
  • German Fixed Interest20.5%
    Italian Fixed Interest15.5%
    Global Fixed Interest12%
    French Fixed Interest11.7%
    European Fixed Interest9.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.5%0.2%0%-1%1.2%5.1%
Sector0%1.6%1.4%0.5%3.9%10.7%
Rank within sector116 / 138107 / 13799 / 13590 / 12846 / 7847 / 60
Quartile4th4th3rd3rd3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund-0.7%-2.3%3.5%0%4.3%
Sector0.5%0.7%1.2%3.6%3.9%
Rank within sector83 / 13292 / 11624 / 8854 / 7133 / 62
Quartile3rd4th2nd4th3rd
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.
-0.49
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.
0.7
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
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%.
1.94
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.
1.53
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.
-0.61
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.
0.46
Price movement
52 week high101.04
52 week low96.92
Current bid price-
Current offer price-
Current mid price98.53
Region
1Germany20.5%
2International15.9%
3Italy15.5%
4France11.7%
5Others8.4%
6Europe7.8%
7Global Emerging Markets5.7%
8Spain5.4%
9UK5%
Industry sector
1Investment Grade Corporate Bonds27.8%
2Government Bonds26.9%
3Local Government Bonds21.5%
4High Yield Bond9.9%
5Others9.5%
6Mortgage & Secured Bonds4.5%
Asset type
1German Fixed Interest20.5%
2Italian Fixed Interest15.5%
3Global Fixed Interest12%
4French Fixed Interest11.7%
5European Fixed Interest9.1%
6Others8.4%
7Global Emerging Market Fixed Interest5.7%
8Spanish Fixed Interest5.4%
9UK Fixed Interest5%
Individual holdings
1GERMANY(FEDERAL REPUBLIC OF) 0.5% BDS 15/02/25 EUR0.015.25%
2TSY INFL IX N/B I/L FIX 0.250% 15/01/20253.77%
3GERMANY(FEDERAL REPUBLIC OF) 3.25% BDS 04/07/21 EUR0.013.76%
4ITALY(REPUBLIC OF) 2.5% BDS 01/12/24 EUR10002.91%
5GERMANY 1.75% 15/04/20202.85%
6GOV OF GERMANY 1.00% 15/08/20242.59%
7ALLIANZ EMERGING MARKETS BOND I NAV EUR2.44%
8UST NOTES 2.0% 02/15/20252.17%
9ALLIANZ EURO HIGH YIELD BOND IT EUR CAP1.87%
Management
Fund manager group
No data available.
Fund manager company
Allianz Global Investors GmbH
Fund type
Offshore Fund
Fund objective
The fund follows an absolute return approach aiming at superior risk-adjusted returns with regard to the European bond markets. To this end, the fund primarily invests in bonds of public issuers and companies that are domiciled in Europe (ex Russia and Turkey). Up to 30 % of the fund's assets may be invested in securities issued outside of Europe. Investments in mortgage-/asset-backed securities (MBS/ABS) may not exceed 20 %. Exposure in foreign currencies exceeding 30 % of the fund's assets is to be hedged against the euro. Portfolio duration may be actively managed between minus 4 and plus 8 years.
Benchmark
  • No Specified Index
Investment style
Absolute Return
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Monica Zani29/07/2011Deputy Fund Manager for Allianz Flexible Bond Strategy and Allianz Obbligazionario Flessibile, Fund manager for Allianz Liquidità, Allianz Euro Liquidity and Institutional Clients mandates. After graduating with honors in Political Economics from Milan Bocconi University, she joined Allianz in 1994. She has 19 years’ professional experience and she is specialized in yield curves strategy for euro government bonds, ABS and covered bonds. Until 2000, she managed euro fixed income investments for the insurance portfolios Allianz. Since 2000, she became investment team leader for short-term euro fixed income portfolios and for the fixed income component of balanced institutional mandates. Since 2011, she specialized in managing portfolios and institutional mandates with no benchmark, with a focus on asymmetric risk profile strategies and interest rates derivatives.
Mauro Vittorangeli29/07/2011Mauro has more than 24 years’ experience in international bond markets. Mauro is Senior Portfolio Manager of Allianz Flexible Bond Strategy, Allianz Obbligazionario Flessibile & Allianz Reddito Globale. Portfolio Manager since 1993 - in Allianz Global Investors - he has always been in charge of international & domestic bond products. Prior to joining Allianz Global Investors, Mauro worked at the Financial Services Unit of IBM SEMEA S.p.A managing interest-rate risk and coordinating the group’s financial and borrowing strategies. Before that, he worked in the forex management and foreign treasury at the Treasury Management Department of IBM Italia S.p.A. He holds a bachelor in Business Administration (with honors) from Bocconi University, Milan. He has been a CFA Charterholder since 2000.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Czech Republic, Germany, Spain, France, United Kingdom, Ireland, Italy, Republic Of Korea, Luxembourg, Netherlands, Offshore, Poland, Portugal, Slovakia
Allianz Flexible Bond Strategy A (H2-CZK) CZK
Initial charge2.5%
Annual charge0.94%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.99%
Total expense ratio (TER)1.01%
Bid price2951.01
Offer price3024.79
Mid price-
CurrencyCZK
Price updated28/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFWTO
Allianz Flexible Bond Strategy A (H2-CZK) NAV CZK
Initial charge2.5%
Annual charge0.94%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.99%
Total expense ratio (TER)1.01%
Bid price-
Offer price-
Mid price2951.01
CurrencyCZK
Price updated28/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFWTP
Allianz Flexible Bond Strategy A EUR
Initial charge2.5%
Annual charge0.94%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.02%
Total expense ratio (TER)1.02%
Bid price101.27
Offer price103.8
Mid price-
CurrencyEUR
Price updated28/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code08IV
Allianz Flexible Bond Strategy A NAV EUR
Initial charge2.5%
Annual charge0.94%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.02%
Total expense ratio (TER)1.02%
Bid price-
Offer price-
Mid price101.27
CurrencyEUR
Price updated28/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code08IU
Allianz Flexible Bond Strategy AT (H-CHF) CHF
Initial charge2.5%
Annual charge0.94%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.24%
Total expense ratio (TER)1.03%
Bid price96.52
Offer price98.93
Mid price-
CurrencyCHF
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFO7O
Allianz Flexible Bond Strategy AT (H-CHF) NAV CHF
Initial charge2.5%
Annual charge0.94%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.24%
Total expense ratio (TER)1.03%
Bid price-
Offer price-
Mid price96.52
CurrencyCHF
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFO7P
Allianz Flexible Bond Strategy AT (H2-CZK) CZK
Initial charge2.5%
Annual charge0.94%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.99%
Total expense ratio (TER)-
Bid price2986.49
Offer price3061.15
Mid price-
CurrencyCZK
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE0BB
Allianz Flexible Bond Strategy AT (H2-CZK) NAV CZK
Initial charge2.5%
Annual charge0.94%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.99%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price2986.49
CurrencyCZK
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE0BA
Allianz Flexible Bond Strategy AT EUR
Initial charge2.5%
Annual charge0.94%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.24%
Total expense ratio (TER)1%
Bid price98.14
Offer price100.59
Mid price-
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFO7M
Allianz Flexible Bond Strategy AT NAV EUR
Initial charge2.5%
Annual charge0.94%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.24%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price98.14
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFO7N
Allianz Flexible Bond Strategy C EUR
Initial charge3%
Annual charge1.39%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.39%
Total expense ratio (TER)1.39%
Bid price98.53
Offer price101.49
Mid price-
CurrencyEUR
Price updated28/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code08IX
Allianz Flexible Bond Strategy C NAV EUR
Initial charge3%
Annual charge1.39%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.39%
Total expense ratio (TER)1.39%
Bid price-
Offer price-
Mid price98.53
CurrencyEUR
Price updated28/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code08IW
Allianz Flexible Bond Strategy CT EUR
Initial charge3%
Annual charge1.39%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)1.4%
Bid price105.86
Offer price109.04
Mid price-
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFF2M
Allianz Flexible Bond Strategy CT NAV EUR
Initial charge3%
Annual charge1.39%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)1.4%
Bid price-
Offer price-
Mid price105.86
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0L8C
Allianz Flexible Bond Strategy FT Acc EUR
Initial charge-
Annual charge0.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price999.03
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNFYK
Allianz Flexible Bond Strategy I EUR
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.72%
Total expense ratio (TER)0.72%
Bid price976.65
Offer price976.65
Mid price-
CurrencyEUR
Price updated28/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFMRL
Allianz Flexible Bond Strategy I NAV EUR
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.72%
Total expense ratio (TER)0.72%
Bid price-
Offer price-
Mid price976.65
CurrencyEUR
Price updated28/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFMRM
Allianz Flexible Bond Strategy IT EUR
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.72%
Total expense ratio (TER)0.72%
Bid price1096.18
Offer price1096.18
Mid price-
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFF2N
Allianz Flexible Bond Strategy IT NAV EUR
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.72%
Total expense ratio (TER)0.72%
Bid price-
Offer price-
Mid price1096.18
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code06PF
Allianz Flexible Bond Strategy P EUR
Initial charge-
Annual charge0.75%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.78%
Total expense ratio (TER)0.78%
Bid price986.31
Offer price986.31
Mid price-
CurrencyEUR
Price updated28/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFH2S
Allianz Flexible Bond Strategy P NAV EUR
Initial charge-
Annual charge0.75%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.78%
Total expense ratio (TER)0.78%
Bid price-
Offer price-
Mid price986.31
CurrencyEUR
Price updated28/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFH2T
Allianz Flexible Bond Strategy PT (H2-CHF) CHF
Initial charge-
Annual charge0.75%
Min single investment£200,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)1.23%
Bid price980.85
Offer price980.85
Mid price-
CurrencyCHF
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFWMZ
Allianz Flexible Bond Strategy PT (H2-CHF) NAV CHF
Initial charge-
Annual charge0.75%
Min single investment£200,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)1.23%
Bid price-
Offer price-
Mid price980.85
CurrencyCHF
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFWMY
Allianz Flexible Bond Strategy PT EUR
Initial charge-
Annual charge0.75%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)1.25%
Bid price985.91
Offer price985.91
Mid price-
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFWLA
Allianz Flexible Bond Strategy PT NAV EUR
Initial charge-
Annual charge0.75%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)1.25%
Bid price-
Offer price-
Mid price985.91
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFWLB
Allianz Flexible Bond Strategy PT NAV USD
Initial charge-
Annual charge0.75%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)1.19%
Bid price-
Offer price-
Mid price991.74
CurrencyUSD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFWNZ
Allianz Flexible Bond Strategy PT USD
Initial charge-
Annual charge0.75%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)1.19%
Bid price991.74
Offer price991.74
Mid price-
CurrencyUSD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFWOA
Allianz Flexible Bond Strategy R EUR
Initial charge-
Annual charge0.79%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.84%
Total expense ratio (TER)0.83%
Bid price95.93
Offer price95.93
Mid price-
CurrencyEUR
Price updated28/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFSYO
Allianz Flexible Bond Strategy R NAV EUR
Initial charge-
Annual charge0.79%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.84%
Total expense ratio (TER)0.83%
Bid price-
Offer price-
Mid price95.93
CurrencyEUR
Price updated28/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFSYP
Allianz Flexible Bond Strategy W EUR
Initial charge-
Annual charge0.35%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.36%
Total expense ratio (TER)0.34%
Bid price956.1
Offer price956.1
Mid price-
CurrencyEUR
Price updated28/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFSNR
Allianz Flexible Bond Strategy W NAV EUR
Initial charge-
Annual charge0.35%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.36%
Total expense ratio (TER)0.34%
Bid price-
Offer price-
Mid price956.1
CurrencyEUR
Price updated28/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFSNS
Allianz Flexible Bond Strategy WT EUR
Initial charge-
Annual charge0.35%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.35%
Total expense ratio (TER)0.35%
Bid price1054.28
Offer price1054.28
Mid price-
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF2PS
Allianz Flexible Bond Strategy WT NAV EUR
Initial charge-
Annual charge0.35%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.35%
Total expense ratio (TER)0.35%
Bid price-
Offer price-
Mid price1054.28
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFEOC
Data provided by

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