Fact sheet: Allianz MrgArbtStrg

Fund information
Fund name
Allianz Merger Arbitrage Strategy CT NAV EUR
Fund manager company
Allianz Global Investors GmbH
Fund type
Offshore Fund
Fund managers
  • Tim Woogesince 01/07/2016
  • Matthias Mullersince 01/07/2016
Fund objective
The investment policy is geared towards allowing investors to participate in the performance of the Merger Arbitrage Strategy . The goal of the Merger Arbitrage Strategy which is in core an Event-Driven equity strategy, is to generate superior risk adjusted returns through all market cycles. At the same time a dynamic risk mechanism (based on a Value-at-Risk approach) is used which aims to limit a possible loss; still it is not possible to guarantee that the investment objective will be achieved and in particular that a loss, even a significant one, will not be incurred.
Benchmark
  • EONIA
Investment style
Merger Arbitrage
Investment method
Equity
Quick stats
1 Year return
0.2%
1 Year rank in sector
83/120
Sector
FO Hedge/Stru Prod - Equity
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.
1.55%
Fund size
£848m (£551m 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.
11
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Performance snapshot

Holdings snapshot

  • USA90.8%
    Bermuda4%
    Australia2%
    Switzerland2%
    France0.9%
  • Information Technology27.9%
    Materials13.6%
    Industrials12%
    Health Care10.5%
    Financials9.7%
  • International Equities61%
    Money Market17.5%
    Global Fixed Interest12.7%
    Others8.4%
    Alternative Investment Strategies0.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.9%0.3%0.5%0.2%--
Sector0.4%1.1%1.7%3%5.6%13.3%
Rank within sector47 / 13586 / 13584 / 13283 / 120--
Quartile2nd3rd3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund0%0.7%---
Sector1.9%-2%2.7%2.5%7.1%
Rank within sector106 / 13442 / 113---
Quartile4th2nd
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 high101.43
52 week low100.1
Current bid price-
Current offer price-
Current mid price101.37
Region
1USA90.76%
2Bermuda4.01%
3Australia2.04%
4Switzerland1.97%
5France0.89%
6Canada0.22%
7Singapore0.11%
Industry sector
1Information Technology27.85%
2Materials13.62%
3Industrials12.01%
4Health Care10.53%
5Financials9.69%
6Consumer Staples9.59%
7Consumer Discretionary9.12%
8Utilities3.61%
9Telecommunications Utilities3.39%
Asset type
1International Equities61%
2Money Market17.5%
3Global Fixed Interest12.7%
4Others8.4%
5Alternative Investment Strategies0.2%
6Options0.2%
Individual holdings
1ALLIANZ CASH FACILITY FD-I38.43%
2MENTOR GRAPHICS CORP3.2%
3BROCADE COMMUNICATIONS SYSTEMS INC3.18%
4CST BRANDS INC3.17%
5JOY GLOBAL INC3.17%
6CHEMTURA CORP3.16%
7EVERBANK FINANCIAL CORP2.96%
8WHITEWAVE FOODS CO2.84%
9ZELTIQ AESTHETICS INC2.77%
Management
Fund manager group
No data available.
Fund manager company
Allianz Global Investors GmbH
Fund type
Offshore Fund
Fund objective
The investment policy is geared towards allowing investors to participate in the performance of the Merger Arbitrage Strategy . The goal of the Merger Arbitrage Strategy which is in core an Event-Driven equity strategy, is to generate superior risk adjusted returns through all market cycles. At the same time a dynamic risk mechanism (based on a Value-at-Risk approach) is used which aims to limit a possible loss; still it is not possible to guarantee that the investment objective will be achieved and in particular that a loss, even a significant one, will not be incurred.
Benchmark
  • EONIA
Investment style
Merger Arbitrage
Investment method
Equity
Fund managers
NameSinceBiography
Tim Wooge01/07/2016
Matthias Muller01/07/2016Matthias Müller is CIO of Allianz Global Investors Systematic’s Multi-Asset, Multi-Strategy team. As a senior portfolio manager, Matthias manages the Allianz Global Investors Dynamic Growth Fund and various institutional mandates as well as funds for unit-linked insurance products. Before joining Allianz Global Investors Systematic, Matthias was responsible for asset allocation and risk management at Allianz Global Investors’s balanced team from 2002 and worked as senior investment strategist at Allianz Asset Management since 1998. He joined the firm from his position as a European equity portfolio manager for Allianz Sachversicherungs-AG. Matthias holds a doctorate in monetary economics from J. W. Goethe University, Frankfurt. Matthias has managed the Allianz Dynamic Growth Fund since its name and objective change from the Allianz Global Equity Fund in February 2010.
Compliance
Transparent for Austrian Tax, Transparent for German Tax, Reporting Fund Status, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Spain, France, United Kingdom, Italy, Luxembourg, Netherlands, Offshore, Sweden, Taiwan - Province Of China
Allianz Merger Arbitrage Strategy A EUR
Initial charge5%
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.3%
Total expense ratio (TER)1.3%
Bid price100.75
Offer price105.79
Mid price-
CurrencyEUR
Price updated25/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE99V
Allianz Merger Arbitrage Strategy A NAV EUR
Initial charge5%
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.3%
Total expense ratio (TER)1.3%
Bid price-
Offer price-
Mid price100.75
CurrencyEUR
Price updated25/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE99U
Allianz Merger Arbitrage Strategy AT (H2-USD) NAV USD
Initial charge5%
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.3%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.18
CurrencyUSD
Price updated25/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeC1EL
Allianz Merger Arbitrage Strategy AT (H2-USD) USD
Initial charge5%
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.3%
Total expense ratio (TER)-
Bid price10.18
Offer price10.69
Mid price-
CurrencyUSD
Price updated25/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeC1EK
Allianz Merger Arbitrage Strategy AT EUR
Initial charge5%
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.31%
Total expense ratio (TER)1.31%
Bid price102.37
Offer price107.49
Mid price-
CurrencyEUR
Price updated25/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFVET
Allianz Merger Arbitrage Strategy AT NAV EUR
Initial charge5%
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.31%
Total expense ratio (TER)1.31%
Bid price-
Offer price-
Mid price102.37
CurrencyEUR
Price updated25/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFVER
Allianz Merger Arbitrage Strategy CT EUR
Initial charge3%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.55%
Total expense ratio (TER)1.56%
Bid price101.37
Offer price104.41
Mid price-
CurrencyEUR
Price updated25/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE1RG
Allianz Merger Arbitrage Strategy CT NAV EUR
Initial charge3%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.55%
Total expense ratio (TER)1.56%
Bid price-
Offer price-
Mid price101.37
CurrencyEUR
Price updated25/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE1RH
Allianz Merger Arbitrage Strategy I EUR
Initial charge-
Annual charge0.69%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.7%
Total expense ratio (TER)0.7%
Bid price1068.34
Offer price1068.34
Mid price-
CurrencyEUR
Price updated25/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFF2T
Allianz Merger Arbitrage Strategy I NAV EUR
Initial charge-
Annual charge0.69%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.7%
Total expense ratio (TER)0.7%
Bid price-
Offer price-
Mid price1068.34
CurrencyEUR
Price updated25/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF38P
Allianz Merger Arbitrage Strategy IT (H2-GBP) GBP
Initial charge-
Annual charge0.69%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.7%
Total expense ratio (TER)0.7%
Bid price1087.59
Offer price1087.59
Mid price-
CurrencyGBP
Price updated25/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFJVG
Allianz Merger Arbitrage Strategy IT (H2-GBP) NAV GBP
Initial charge-
Annual charge0.69%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.7%
Total expense ratio (TER)0.7%
Bid price-
Offer price-
Mid price1087.59
CurrencyGBP
Price updated25/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFJVH
Allianz Merger Arbitrage Strategy IT EUR
Initial charge-
Annual charge0.69%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.7%
Total expense ratio (TER)0.7%
Bid price1036.52
Offer price1036.52
Mid price-
CurrencyEUR
Price updated25/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFX0N
Allianz Merger Arbitrage Strategy IT NAV EUR
Initial charge-
Annual charge0.69%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.7%
Total expense ratio (TER)0.7%
Bid price-
Offer price-
Mid price1036.52
CurrencyEUR
Price updated25/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFX0M
Allianz Merger Arbitrage Strategy P EUR
Initial charge-
Annual charge0.69%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.74%
Total expense ratio (TER)0.74%
Bid price1011.66
Offer price1011.66
Mid price-
CurrencyEUR
Price updated25/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE99X
Allianz Merger Arbitrage Strategy P NAV EUR
Initial charge-
Annual charge0.69%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.74%
Total expense ratio (TER)0.74%
Bid price-
Offer price-
Mid price1011.66
CurrencyEUR
Price updated25/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE99W
Allianz Merger Arbitrage Strategy P2 EUR
Initial charge-
Annual charge0.59%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.64%
Total expense ratio (TER)0.66%
Bid price1012.76
Offer price1012.76
Mid price-
CurrencyEUR
Price updated25/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE99Z
Allianz Merger Arbitrage Strategy P2 NAV EUR
Initial charge-
Annual charge0.59%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.64%
Total expense ratio (TER)0.66%
Bid price-
Offer price-
Mid price1012.76
CurrencyEUR
Price updated25/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE99Y
Allianz Merger Arbitrage Strategy PT (H2-CHF) CHF
Initial charge-
Annual charge0.69%
Min single investment£200,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.74%
Total expense ratio (TER)0.77%
Bid price1005.48
Offer price1005.48
Mid price-
CurrencyCHF
Price updated25/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE9XD
Allianz Merger Arbitrage Strategy PT (H2-CHF) NAV CHF
Initial charge-
Annual charge0.69%
Min single investment£200,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.74%
Total expense ratio (TER)0.77%
Bid price-
Offer price-
Mid price1005.48
CurrencyCHF
Price updated25/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE9XC
Allianz Merger Arbitrage Strategy PT (H2-GBP) GBP
Initial charge-
Annual charge0.69%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.74%
Total expense ratio (TER)0.74%
Bid price1041.56
Offer price1041.56
Mid price-
CurrencyGBP
Price updated25/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE0XR
Allianz Merger Arbitrage Strategy PT (H2-GBP) NAV GBP
Initial charge-
Annual charge0.69%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.74%
Total expense ratio (TER)0.74%
Bid price-
Offer price-
Mid price1041.56
CurrencyGBP
Price updated25/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE0XQ
Allianz Merger Arbitrage Strategy PT EUR
Initial charge-
Annual charge0.69%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.74%
Total expense ratio (TER)0.74%
Bid price1008.03
Offer price1008.03
Mid price-
CurrencyEUR
Price updated25/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE7LP
Allianz Merger Arbitrage Strategy PT NAV EUR
Initial charge-
Annual charge0.69%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.74%
Total expense ratio (TER)0.74%
Bid price-
Offer price-
Mid price1008.03
CurrencyEUR
Price updated25/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE7LO
Allianz Merger Arbitrage Strategy RT EUR
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)0.79%
Bid price101
Offer price101
Mid price-
CurrencyEUR
Price updated25/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE89I
Allianz Merger Arbitrage Strategy RT NAV EUR
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)0.79%
Bid price-
Offer price-
Mid price101
CurrencyEUR
Price updated25/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE89J
Data provided by

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