Objectives and Investment Policy Long-term returns in excess of SOFR by investing in global bond markets. 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. Min. 70% of Sub-Fund assets are invested by us in bonds in accordance with the investment objective. Min. 25% of Sub-Fund assets are invested by us in bonds with a good credit rating in accordance with the investment objective. Sub-Fund assets may be invested by us in Emerging Markets. Max. 60% of Sub-Fund assets may be invested in High Yield bonds bearing a typically higher risk and higher potential of gains. Within this limit max. 10% of Sub-Fund assets may be invested by us in bonds with a rating of CCC+ (Standard & Poor’s) or lower (including defaulted securities) and max. 10 % of Sub-Fund assets may be invested in unrated bonds whose rating is to be determined by the Investment Manager to be of comparable quality. Max. 40% of Sub-Fund assets may be invested by us in ABS and/or MBS. Sub- Fund assets may be invested by us in future-contracts on global equity indices (equity index futures) for both, efficient portfolio management and hedging purposes. Max. 100% Sub-Fund assets may be held by us in deposits and/or may be invested by us directly in Money Market Instruments and/or (up to 10% of Sub-Fund assets) in money market funds on a temporary basis for liquidity management and/or defensive purpose. 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: 4 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 6 (a financial product that does not consider the EU criteria for environmentally sustainable economic activities)
Performance
Price and Net Asset Value breakdown
Midprice
$8.77
Change on Day
$0.00
Change on Day %
0.04%
52 week high
$8.97
52 week low
$8.66
Fund currency
USD
Date updated
18 June 2025
Fund details
Fund Type
SICAV
Unit Type
Income
Standard initial Charge
-
Annual Management Charge
1.09%
Dividend Frequency
Monthly
Latest Distribution Info
$0.0504
16 June 2025
Fund manager information
Fund Manager Company
Allianz Global Investors
Fund manager biographies
Name
David Newman
Since
31 October 2016
Bio
DAVID NEWMAN
CIO Global High Yield
32 years’ industry experience analysing credit
11 years with Global Fixed Income team
Number 1 ranked High Yield strategist and HY industrials analyst by Euromoney, Credit Magazine and Extel (2004)*
Previously Managing Director, Head of Fixed Income Credit Research and Co-Head Credit Trading at Citigroup
Prior to that, Head of High Yield Credit Research at UBS
Lecturer at ISMA (now ICMA - International Capital Markets Association)
MBA, Cass Business School, UK
BA (Hons) in Geography, University College London, UK
Name
Frits Lieuw-Kie-Song
Since
01 October 2022
Bio
Mr. Lieuw-Kie-Song is a portfolio manager and a director with Allianz Global Investors; he joined the firm in 2016 following the acquisition and integration of Rogge Global Partners, which he joined in 2014. He has portfolio management and credit research responsibilities for the high-yield strategies. Mr. Lieuw-Kie-Song has more than 30 years of investment-industry experience. He was previously a high-yield co-portfolio manager at Channel Capital Advisors. Before that, Mr. Lieuw-Kie-Song worked at Britton Hill Capital, LKS Capital, SGS Asset Management, Nomura and Yamaichi. He has a B.Sc. from the London School of Economics.
Name
David Butler
Since
04 September 2020
Bio
DAVID BUTLER
27 years’ industry experience
•20 years with team
•Began in the credit research team, covering industrials and financials, before heading Financials research, also credit selection on high yield and subordinated financials portfolios. Moved to a Portfolio Management role in 2020
•Previously Senior Analyst, Fixed Income Credit Group at NatWest Markets
•Prior to that, Credit Analyst at NatWest Corporate Banking Services
•BA in History & French (Hons), University of Reading, UK