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You should not rely solely on the information contained on this webpage to make investment decisions. You should read carefully and understand the relevant fund's offering documents before making any investment decision.
The Fund aims at long-term capital growth and income by investing in United States of America (“US”) and/or Canadian corporate debt securities and equities.
Invests in a multi-asset strategy comprising high-yield bonds, convertible bonds, and large-cap equities to generate both income and growth.
The strategy aims to provide lower volatility compared to pure equities while maintaining lower interest rate sensitivity than traditional investment-grade bonds.
Managed by Lead Portfolio Managers Michael Yee, Justin Kass, and David Oberto, who possess an average of over two decades of industry experience.
The portfolio managers are supported by a dedicated broader team of 19 investment professionals, including specialized analysts.
The team benefits from independent oversight provided by the Allianz Global Investors Risk Management function to ensure adherence to investment guidelines.
The fund targets returns superior to traditional fixed income portfolios while exhibiting lower volatility than pure equity strategies over a full market cycle.
The strategy exhibits a high correlation to equity markets, participating in both upside potential and downside movements, while prioritizing consistent income distribution.
Employs a bottom-up security selection approach utilizing both external and proprietary research tools to identify opportunities.
Maintains a strategic asset allocation generally split equally across three distinct segments: high-yield bonds, convertible bonds, and large-cap equities.
Income generation is derived from high-yield coupons, convertible bond yields, and equity dividends, supplemented by capital gains and covered call strategies.
Endowus offers retail share class with 100% trailer fee rebated back to Endowus investors to achieve lower cost of access.
It serves as an alternative income solution, distinct from traditional fixed income or pure equity mandates.
The multi-asset structure provides a balanced exposure to income generation and capital appreciation potential.
Investors should note the primary geographic exposure to the US market and the inherent equity sensitivity within the underlying fixed income components.
Daily data. Returns as of 30 Oct 2026.
| Year | Total | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| 2026 | - | 1.3% | -0.9% | -4.3% | 6.8% | 3.6% | -0.4% | -2.9% | 0.1% | -1.1% | - | - | - |
| 2025 | 5.8% | 2.2% | -2.3% | -3.9% | -0.3% | 3.6% | 2.8% | 1.6% | 0.2% | 1.1% | 1.7% | -0.5% | -0.3% |
| 2024 | 5.7% | 0.0% | 1.4% | 1.5% | -2.3% | 0.5% | 2.1% | -0.4% | 1.0% | 1.1% | -0.6% | 2.8% | -1.5% |
| 2023 | - | - | - | - | - | - | - | - | -1.4% | -3.2% | -3.2% | 6.2% | 3.9% |
| NVIDIA Corp | 3.20% |
| Apple Inc | 2.55% |
| Microsoft Corp | 2.23% |
| Alphabet Inc PRF PERPETUAL USD 1000 - 1/20th Int Ser A (2029-05-15 Maturity) | 1.78% |
| Amazon.com Inc | 1.56% |
| Johnson & Johnson | 0.89% |
| Meta Platforms Inc Class A | 0.88% |
| Live Nation Entertainment, Inc. 2.875% (2030-01-15 Maturity) | 0.80% |
| Advanced Micro Devices Inc | 0.79% |
| Welltower OP LLC 3.125% (2029-07-15 Maturity) | 0.77% |
Warning statements
Risk Warnings Investment involves risk. Past performance is not an indicator nor a guarantee of future performance or returns. Projected performance or returns are not guaranteed to materialise. The value of investments and the income from them can go down as well as up, and you may not get the full amount you invested. Rates of exchange may cause the value of investments to go up or down. Individual stock performance does not represent the return of a fund.
The value of the fund can be volatile and can go down substantially within a short period of time. It is possible that a certain amount or all of your investment could be lost.
Generic risk warnings relating to collective investment schemes
Funds are not a bank deposit and not capital guaranteed, and is subject to investment risks, including the possible loss of the principal amount invested. There is no assurance that a fund will have sufficient liquidity to meet redemption requests and that the fund's investment objectives and strategies will be achieved.
The funds' investment may involve substantial market, currency, volatility, liquidity, regulatory and political risks. Some funds may use derivatives, whether for hedging or for investment purposes. The risks associated with derivatives include counterparty/credit, liquidity, valuation, volatility and market risks. The fund's volatility may increase or decrease from its derivative usage and such fund may suffer losses from its derivative usage. Do not invest in these funds unless you fully understand and are willing to assume the risks associated with them.
Opinions Any forward-looking statements, prediction, projection or forecast on the economy, stock market, bond market or economic trends of the markets contained in this material are subject to market influences and contingent upon matters outside the control of Endowus HK Limited (“Endowus”) and therefore may not be realised in the future. Further, any opinion or estimate is made on a general basis and subject to change without notice. In presenting the information above, none of Endowus HK Limited, its affiliates, directors, employees, representatives or agents have given any consideration to, nor have made any investigation of the objective, financial situation or particular need of any user, reader, any specific person or group of persons. Therefore, no representation is made as to the completeness and adequacy of the information to make an informed decision. You should carefully consider (i) whether any investment views and products/ services are appropriate in view of your investment experience, objectives, financial resources and relevant circumstances. You may also wish to seek financial advice through a financial advisor or the Endowus platform and independent legal, accounting, regulatory or tax advice, as appropriate.
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