Fact sheet: Allianz Strct Alp 250

Fund information
Fund name
Allianz Structured Alpha 250 I3 NAV EUR
Fund manager company
Allianz Global Investors GmbH
Fund type
Offshore Fund
Fund manager
  • Greg Tournantsince 01/03/2016
Fund objective
The Sub-Fund seeks to generate superior risk adjusted returns through a complete market cycle. The investment policy is geared towards generating appropriate annualised returns while taking into account the opportunities and risks on the global equity options markets (absolute return approach). The Sub-Fund assets are invested in a money market/bond portfolio, including, but not limited to, short term euro denominated French and German government bonds. Using all or a portion of the underlying money market/bond portfolio as collateral, the Sub-Fund utilizes a proprietary model to construct equity option spreads, typically buying and selling put options and call options including, without any limitation, on U.S. equity indices, U.S. equity index futures, U.S. equity market related volatility indices, U.S. equity market related volatility futures, and exchange traded funds based on U.S. equity and volatility indices. The objective of the option spreads is to create option based “profit zones” that upon expiration of the options will lead to a positive return for the Sub-Fund if the level of the underlying index (or other instrument) ends up within such profit zone. The Sub-Fund seeks to establish profit zones based on a target positive return potential. The Sub-Fund’s Strategy typically intends to be based on an extensive number on both, long and short positions in order to ensure a broadly diversified portfolio. The Sub-Fund’s total value can fluctuate and capital is not guaranteed. Due to the extensive use of options the Sub-Fund can also lose significant value in case of extraordinary market movements (upside or downside) as well as in markets with extreme volatility movements.
Benchmark
No data available.
Investment style
Long/Short
Investment method
Equity
Quick stats
1 Year return
2.1%
1 Year rank in sector
65/120
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.
1.21%
Fund size
£31m (£30m last year)
Top in this sector
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Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0%0.1%0.6%2.1%--
Sector-0.2%0.9%1.4%2.5%5.2%12.7%
Rank within sector67 / 13190 / 13582 / 13265 / 120--
Quartile3rd3rd3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund0%----
Sector1.6%-2%2.7%2.5%7.1%
Rank within sector102 / 134----
Quartile4th
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 high1022.56
52 week low1000.25
Current bid price-
Current offer price-
Current mid price1021.44
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
1FRENCH DISCOUNT T-BILL 51W ZERO 24.05.201713.55%
2BUONI ORDINARI DEL TES ZERO 31.05.20177.74%
3FRENCH DISCOUNT T-BILL ZERO 12.04.20176.77%
4ITALY(REPUBLIC OF) 0% TB 14/03/17 EUR10006.18%
5BUONI ORDINARI DEL TES ZERO 28.04.20175.8%
6FRANCE GOVT OF 0% TB 01/03/17 EUR14.83%
7FRENCH DISCOUNT T-BILL ZERO 11.05.20174.26%
Management
Fund manager group
No data available.
Fund manager company
Allianz Global Investors GmbH
Fund type
Offshore Fund
Fund objective
The Sub-Fund seeks to generate superior risk adjusted returns through a complete market cycle. The investment policy is geared towards generating appropriate annualised returns while taking into account the opportunities and risks on the global equity options markets (absolute return approach). The Sub-Fund assets are invested in a money market/bond portfolio, including, but not limited to, short term euro denominated French and German government bonds. Using all or a portion of the underlying money market/bond portfolio as collateral, the Sub-Fund utilizes a proprietary model to construct equity option spreads, typically buying and selling put options and call options including, without any limitation, on U.S. equity indices, U.S. equity index futures, U.S. equity market related volatility indices, U.S. equity market related volatility futures, and exchange traded funds based on U.S. equity and volatility indices. The objective of the option spreads is to create option based “profit zones” that upon expiration of the options will lead to a positive return for the Sub-Fund if the level of the underlying index (or other instrument) ends up within such profit zone. The Sub-Fund seeks to establish profit zones based on a target positive return potential. The Sub-Fund’s Strategy typically intends to be based on an extensive number on both, long and short positions in order to ensure a broadly diversified portfolio. The Sub-Fund’s total value can fluctuate and capital is not guaranteed. Due to the extensive use of options the Sub-Fund can also lose significant value in case of extraordinary market movements (upside or downside) as well as in markets with extreme volatility movements.
Benchmark
No data available.
Investment style
Long/Short
Investment method
Equity
Fund manager
NameSinceBiography
Greg Tournant01/03/2016Greg Tournant is the Managing Director and head of Allianz Global Investors Capital's Structured Products team, which he created in 2005. He is lead portfolio manager of $2.7 billion for all option based strategies managed on the Structured Products platform. Previously, while at a former affiliate, he managed an equity index option-based hedge fund, option programs on several open-end mutual funds as well as an open-end large-cap growth equity mutual fund. Prior to joining Allianz, he served as a senior research analyst at Eagle Asset Management, and also spent three years as a strategy consultant for Mckinsey & Co, and two years as a sell-side research analyst for Raymond James. Greg Tournant earned his M.B.A. in Finance from Kellogg School of Business at Northwestern University and his B.S. in Finance/Economics from Trinity University.
Compliance
Transparent for Austrian Tax, Transparent for German Tax, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Spain, France, United Kingdom, Italy, Luxembourg, Netherlands, Offshore, Sweden
Allianz Structured Alpha 250 I3 EUR
Initial charge-
Annual charge1.2%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)1.21%
Bid price1021.44
Offer price1021.44
Mid price-
CurrencyEUR
Price updated20/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE7GK
Allianz Structured Alpha 250 I3 NAV EUR
Initial charge-
Annual charge1.2%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)1.21%
Bid price-
Offer price-
Mid price1021.44
CurrencyEUR
Price updated20/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE7GJ
Allianz Structured Alpha 250 IT3 EUR
Initial charge-
Annual charge1.2%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)-
Bid price1007.38
Offer price1007.38
Mid price-
CurrencyEUR
Price updated20/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC1EN
Allianz Structured Alpha 250 IT3 NAV EUR
Initial charge-
Annual charge1.2%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1007.38
CurrencyEUR
Price updated20/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC1EM
Allianz Structured Alpha 250 P EUR
Initial charge-
Annual charge0.2%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.25%
Total expense ratio (TER)0.8%
Bid price1020.24
Offer price1020.24
Mid price-
CurrencyEUR
Price updated20/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE7GM
Allianz Structured Alpha 250 P NAV EUR
Initial charge-
Annual charge0.2%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.25%
Total expense ratio (TER)0.8%
Bid price-
Offer price-
Mid price1020.24
CurrencyEUR
Price updated20/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE7GL
Allianz Structured Alpha 250 P10 EUR
Initial charge-
Annual charge1.1%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)-
Bid price1000.2
Offer price1000.2
Mid price-
CurrencyEUR
Price updated20/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeC35E
Allianz Structured Alpha 250 P10 NAV EUR
Initial charge-
Annual charge1.1%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1000.2
CurrencyEUR
Price updated20/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeC35F
Allianz Structured Alpha 250 P3 EUR
Initial charge-
Annual charge1.2%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.25%
Total expense ratio (TER)1.26%
Bid price1021.07
Offer price1021.07
Mid price-
CurrencyEUR
Price updated20/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE7GO
Allianz Structured Alpha 250 P3 NAV EUR
Initial charge-
Annual charge1.2%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.25%
Total expense ratio (TER)1.26%
Bid price-
Offer price-
Mid price1021.07
CurrencyEUR
Price updated20/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE7GN
Data provided by

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