Allianz Income and Growth AM Dis H2-AUD (Hedged)

安聯收益及增長基金AM類 Dis H2-澳元對沖

LU0820562030

Risk Rating: Level 3

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating three (3) or four (4), these are mainly aimed at providing income and capital appreciation to investors by investing primarily in balanced portfolio, including high yield bonds and global equities etc. For more details, please refer to the Due Diligence section under the Procedures page.

Dealing Hours

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD4,000.00Min. Subscription

1.50%

HKD4,000.00Min. Subscription

AUD

HKD4,000.00Min. Subscription

HKD4,000.00

HKD4,000.00

Daily

16:30

2019-09-30

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
+2.10%
3 mth
+1.39%
6 mth
+3.15%
1 yr
+1.92%
3 yr
+25.37%
5 yr
+32.50%

Analytical Figures (3 years)

Annualized Return
+7.83%
Annualized Volatility
+13.74%
Sharpe Ratio
+0.19

Fund Information

Fund Houses
Allianz Global Investors Asia Pacific Limited
Launch Date
2012-10-14
Fund Manager
Douglas G. Forsyth
Michael E. Yee
Manager Start Date
Douglas G. Forsyth (Start Date: 2011-05-31) Michael E. Yee (Start Date: 2011-05-31)
Geographical Focus
US
Asset Class/ Sector
Balanced - Bond biased
Risk Rating
Risk Level 3

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating three (3) or four (4), these are mainly aimed at providing income and capital appreciation to investors by investing primarily in balanced portfolio, including high yield bonds and global equities etc. For more details, please refer to the Due Diligence section under the Procedures page.

Fund AUM(As of 2019-09-18)
EUR 25,932,723,314.08
Management Fee
1.50%
Latest Dividend
AUD 0.055800 (2019-09-15)

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD4,000.00Min. Subscription

1.50%

HKD4,000.00Min. Subscription

AUD

HKD4,000.00Min. Subscription

HKD4,000.00

HKD4,000.00

Daily

16:30

2019-09-30

Dividend Records

Dividend DateDividend Records (AUD)
2019-09-150.055800
2019-08-150.055800
2019-07-140.055800
2019-06-160.055830
2019-05-140.055830
2019-04-140.055830
2019-03-140.066000
2019-02-140.066000
2019-01-140.066000
2018-12-160.066000
2018-11-140.066000
2018-10-140.066000
2018-09-160.070170
2018-08-150.070170
2018-07-150.070170
2018-06-140.070170
2018-05-140.070170
2018-04-150.070170
2018-03-140.074330
2018-02-140.074330
2018-01-150.074330
2017-12-140.074330
2017-11-140.074330
2017-10-150.074330
2017-09-140.078330
2017-08-150.078330
2017-07-160.078330
2017-06-140.078330
2017-05-140.078330
2017-04-170.078330
2017-03-140.082500
2017-02-140.082500
2017-01-160.082500
2016-12-140.082500
2016-11-140.082500
2016-10-160.082500
2016-09-140.087500
2016-08-150.087500
2016-07-140.087500
2016-06-140.087500
2016-05-160.091670
2016-04-140.091670
2016-03-140.091670
2016-02-150.091670
2016-01-140.091670
2015-12-140.091670
2015-11-150.091670
2015-10-140.091670
2015-09-140.091670
2015-08-160.091670
2015-07-140.091670
2015-06-140.091670
2015-05-140.091670
2015-04-140.091670
2015-03-150.095830
2015-02-160.095830
2015-01-140.095830
2014-12-140.095830
2014-11-160.095830
2014-10-140.095830
2014-09-140.091700
2014-08-170.091700
2014-07-140.091700
2014-06-150.091700
2014-05-140.091700
2014-04-140.091700
2014-03-160.091700
2014-02-170.091700
2014-01-140.091700
2013-12-150.091700
2013-11-140.091700
2013-10-140.091700
2013-09-150.091700
2013-08-150.093800
2013-07-140.093800
2013-06-160.093800
2013-05-140.093800
2013-04-140.093800
2013-03-140.093800
2013-02-140.093800
2013-01-140.093800
2012-12-160.095800
2012-11-140.095800

Investment Objective

Long term capital growth and income by investing in United States of America (“US”) and/or Canadian corporate debt securities and equities.
At least 70% of the Sub-Fund assets are invested in equities and/or debt securities which are exposed or connected to the US and/or Canada (e.g. companies with registered offices or sales/profits predominantly in that region). Less than 30% of the Sub-Fund may be invested into equities and/or debt securities and/or other asset classes other than the above.

Nature and Extent of Risks

Investment involves risks. The Sub-Fund’s investment portfolio may fall in value due to any of the key risk factors below and therefore your investment in the Sub-Fund may suffer losses. Please refer to the Prospectus for details including the risk factors.
1. Investment Risk/General Market Risk
- The Sub-Fund is an investment fund. There is no guarantee of the repayment of principal. The instruments invested by the Sub-Fund may fall in value.
- The Sub-Fund invests in securities (eg. equities and bonds), and is exposed to various general trends and tendencies in the economic and political situations as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market. Securities from top-rated issuers are subject to essentially the same general market risk as other securities and assets. All these factors may adversely impact the net asset value of the Sub-Fund.
2. Company-specific Risk
- The Sub-Fund may invest in securities which may be affected by company-specific factors, such as the issuer’s business situation. If a company-specific factor deteriorates, the price of the respective asset may drop significantly and for an extended period of time, possibly even without regard to an otherwise generally positive market trend. All these factors may adversely impact the net asset value of the Sub-Fund.
3. Creditworthiness Risk/Credit Rating Risk/Downgrading Risk
- The creditworthiness (ability to pay) of the issuer of an asset in particular of a debt security or money-market instrument held by a Sub-Fund may subsequently fall. This usually leads to a decrease in the price of the asset greater than that caused by general market fluctuations. All these factors may adversely impact the net asset value of the Sub-Fund.
- Credit ratings assigned by rating agencies are subject to limitations and do not guarantee the creditworthiness of the security and/or issuer at all times.
- The interest-bearing securities held by the Sub-Fund may be downgraded and may fall in value. This will also lead to a fall in the net asset value of the Sub-Fund. The Investment Manager may or may not be able to dispose of the debt instruments that are being downgraded.
4. Interest Rate Risk
- To the extent that this Sub-Fund invests in interest-bearing securities (e.g. corporate bonds and government bonds), it is exposed to interest rate fluctuations. If market interest rates rise, the value of the interest-bearing assets held by the Sub-Fund may decline substantially. This applies to an even greater degree if this Sub-Fund also holds interest-bearing securities with a longer time to maturity and a lower nominal interest rate. All these factors may adversely impact the net asset value of the Sub-Fund.
5. Default Risk
- The Sub-Fund is exposed to the credit and default risk of issuers of the debt securities that the Sub-Fund may invest in.
6. Currency Risk
- The Sub-Fund may hold assets denominated in foreign currencies other than its base currency and a class of shares of the Sub-Fund may be designated in a currency other than the base currency of the Sub-Fund. Accordingly, it is exposed to a currency risk if foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations. Any devaluation of the foreign currency against the base currency of the Sub-Fund would cause the value of the assets denominated in the foreign currency to fall.
7. RMB Risk
- The Sub-Fund may launch share classes denominated in offshore Chinese Renminbi. The Chinese Renminbi traded in Mainland China is not freely convertible and is subject to exchange controls, policies and restrictions imposed by the PRC authorities. Such policies may limit the depth of the Chinese Renminbi market available outside of Mainland China, and thereby may reduce the liquidity of the Sub-Fund. Under exceptional circumstances, payment of redemptions and/or dividend payment in RMB may be delayed due to the exchange controls and restrictions applicable to RMB. Furthermore although offshore Renminbi and onshore Renminbi are the same currency, they trade at different rates. Any divergence between offshore Renminbi and onshore Renminbi may adversely impact investors.
- Any depreciation of RMB could adversely affect the value of investors’ investment in the RMB denominated share classes.
8. Specific risks of Investing in High-Yield (Non-Investment Grade and Unrated) Investments and Convertible Bonds
- Investing in high-yield (non-investment grade and unrated) investments and convertible bonds are normally associated with higher volatility, greater risk of loss of principal and interest, increased creditworthiness and downgrading risk, default risk, interest rate risk, general market risk, and liquidity risk (for example, the asset cannot be sold or can only be sold at a significant discount to the purchase price), all of which may adversely impact the net asset value of the Sub-Fund.
- Convertible bonds are a hybrid between debt and equity, permitting holders to convert into shares in the company issuing the bond at a specified future date. As such, convertibles will be exposed to prepayment risk, equity movement and greater volatility than straight bond investments. The value of convertible bonds may be affected by the price movement of the underlying securities (i.e. equities), among other things. Convertible bonds may also have call provisions and other features which may give rise to the risk of a call. All these factors may adversely impact the net asset value of the Sub-Fund.
9. Valuation Risk
- Valuation of the Sub-Fund assets may involve uncertainties and judgmental determinations. If such valuation turns out to be incorrect, this may affect the NAV calculation of the Sub-Fund.
10. Asset Allocation Risk
- The performance of the Sub-Fund is partially dependent on the success of the asset allocation strategy employed by the Sub-Fund. There is no assurance that the strategy employed by the Sub-Fund will be successful and therefore the investment objective of the Sub-Fund may not be achieved. The investments of the Sub-Fund may be periodically rebalanced and therefore the Sub-Fund may incur greater transaction costs than a Sub-Fund with static allocation strategy.
11. Country and Region Risk
- The Sub-Fund’s investments focus in the US and Canada, which may increase the concentration risk. Consequently, the Sub-Fund is particularly susceptible to the adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory events and risks of these countries, or of companies based and/or operating in these countries. The net asset value of the Sub-Fund may be more volatile than a diversified fund.
12. Emerging Market Risk
- The Sub-Fund invests in emerging markets which involve increased risks and special considerations not typically associated with investment in more developed economies or markets, such as greater political, tax, legal, economic, foreign exchange/control, liquidity, regulatory risks, settlement risks, custody risk and the likelihood of a high degree of volatility. The accounting, auditing and financial reporting standards may deviate substantially to the Sub-Fund’s detriment. All these factors may adversely impact the net asset value of the Sub-Fund.
13. Derivatives Risk
- The Sub-Fund may invest in derivatives (including certificates) which may expose the Sub-Fund to higher leverage, valuation, volatility, counterparty, liquidity, market and over the counter transaction risks, all of which may adversely impact the net asset value of the Sub-Fund. The leverage component of an FDI can result in a loss significantly greater than the amount invested in the FDI by the Sub-Fund.
- The Sub-Fund’s use of FDI in hedging and/or efficient portfolio management may become ineffective and/or cause the Sub-Fund to suffer significant losses.
14. Risk related to Distribution out of Capital and Distribution effectively out of Capital
- The payment of distributions out of capital/distributions effectively out of capital represents a return or withdrawal of part of the amount investors originally invested and/or capital gains attributable to the original investment. Any distributions involving payment of distributions out of the Sub-Fund’s capital/distributions effectively out of the Sub-Fund’s capital may result in an immediate decrease in the Net Asset Value per Share and may reduce the capital available for the Sub-Fund for future investment and capital growth.
- The distribution amount and NAV of any hedged share classes of the Sub-Fund may be adversely affected by differences in the interests rates of the reference currency of the hedged share classes and the base currency of the Sub-Fund, resulting in an increase in the amount of distribution that is paid out of capital and hence a greater erosion of capital than other non-hedged share classes.
15. Risks relating to securities lending transactions
- Securities lending transactions may involve the risk that the borrower may fail to return the securities lent out in a timely manner and the value of the collateral may fall below the value of the securities lent out.
16. Risks relating to repurchase agreements
- In the event of the failure of the counterparty with which collateral has been placed, the Sub-Fund may suffer loss as there may be delays in recovering collateral placed out or the cash originally received may be less than the collateral placed with the counterparty due to inaccurate pricing of the collateral or market movements.
17. Risks relating to reverse repurchase agreements
- In the event of the failure of the counterparty with which cash has been placed, the Sub-Fund may suffer loss as there may be delay in recovering cash placed out or difficulty in realizing collateral or proceeds from the sale of the collateral may be less than the cash placed with the counterparty due to inaccurate pricing of the collateral or market movements.

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