Objectives and Investment Policy The Sub-Fund aims to capture income from a global universe of floating-rate notes. The Sub-Fund seeks potential for long-term capital growth in accordance with the Sustainable and Responsible Investment Strategy (SRI Strategy). We follow an active management approach with the aim to outperform the Benchmark. In selecting and weighting the fund's assets we do not replicate or reproduce the Benchmark. Sub- Fund assets therefore deviate significantly from the Benchmark. The Sub-Fund follows the SRI Strategy and promotes investments that take into consideration environmental, social and corporate governance criteria with simultaneous application of certain minimum exclusion criteria for direct investments. Min. 51% of Sub-Fund assets are invested in global floating-rate notes as described in the investment objective in accordance with the SRI Strategy. Max. 49% of Sub-Fund assets may be invested in bonds other than described in the investment objective in accordance with the SRI Strategy. Max. 30% of Sub- Fund assets may be invested in bonds which at the time of acquisition have a rating of BB+ or below (Standard & Poor’s and Fitch) or, if unrated, as determined by the Investment Manager to be of comparable quality. We may invest up to 25% of Sub-Fund assets in ABS and/or MBS. Max. 30% of Sub-Fund assets may be invested in Emerging Markets. Max. 10% of Sub- Fund assets may be invested in contingent convertible bonds. Max. 10% of Sub-Fund assets may be invested in UCITS and/or UCI. Duration of Sub-Fund assets invested in bonds as well as in deposits and in money-market instruments should be between zero and 12 months. Min. 80% of Sub-Fund's portfolio (excluding cash, deposits and non-rated derivatives) shall be evaluated by an SRI Rating. Benchmark: SOFR (in USD). You may redeem shares of the fund usually on each business day. We usually distribute the income of the fund on a monthly basis. Recommended Holding Period: 1 Years Derivatives may be used to offset exposure to price fluctuations (hedging), to take advantage of price differences between two or more markets (arbitrage) or to multiply gains although it may also multiply losses (leverage). SFDR Category – Article 8 (a financial product which promotes, amongst other characteristics, environmental or social characteristics, provided that the companies in which the investments are made follow good governance practices)
Performance
Price and Net Asset Value breakdown
Midprice
$9.35
Change on Day
$0.00
Change on Day %
0.02%
52 week high
$9.48
52 week low
$9.34
Fund currency
USD
Date updated
18 June 2025
Fund details
Fund Type
SICAV
Unit Type
Income
Standard initial Charge
-
Annual Management Charge
0.55%
Dividend Frequency
Monthly
Latest Distribution Info
$0.0467
16 June 2025
Fund manager information
Fund Manager Company
Allianz Global Investors
Fund manager biographies
Name
Fabian Piechowski
Since
01 March 2022
Bio
Name
Oliver Sloper
Since
01 March 2022
Bio
Name
Lukas GABRIEL
Since
15 June 2023
Bio
Name
Carl Pappo
Since
19 September 2022
Bio
Mr. Pappo is CIO US Fixed Income and a managing director with Allianz Global Investors, which he joined in 2017. As the leader of the US Fixed Income team, his responsibilities include chairing the core strategy team (which sets portfolio risk allocations) and acting as lead portfolio manager for a number of strategies.
Mr. Pappo previously worked at Columbia Threadneedle Investments, where he was head of the core fixed-income team; earlier at the firm, he led the credit team and the investment grade research team. Before that, Mr. Pappo worked at Fleet Investment Advisors where he managed taxable fixed-income funds and institutional portfolios. He began his career as a corporate bond trader.
Mr. Pappo has a B.S. in accounting from Babson College. He is a CFA charterholder.