Important risk disclosure

Please click here and read carefully the summary of the key features and risks specific to this fund stated in the offering document prepared by the relevant fund house before making any investment decision.

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.

LU2756315581
Allianz Income and Growth Fund JPY-Hedged (Dist.)

Multi-asset
Convertibles
High yield
Global
JPY Cash
Distributing

Invest with

JPY Cash

Payout type

Distributing

Risk rating

About this fund

Description

The Fund aims at long-term capital growth and income by investing in United States of America (ÒUSÓ) and/or Canadian corporate debt securities and equities.

Key information

Annual report

Key fact sheet

Prospectus

Factsheet

Our perspective

Why we think this fund is best-in-class

Product

Multi asset approach that allows income and growth through a combination of high yield bonds, convertibles and large cap equities. The multi asset approach allows for lower volatility than equities while being less sensitive to interest rate that is typical of investment grade bonds.

People

The lead portfolio managers are Michael Yee (since 2007), Justin Kass (since 2007), and David Oberto (since 2020), who have an average industry experience of over 20 years. They are supported by a team of analysts and form in total a team of 19 persons and benefit from the Allianz Global Investors' Independent Risk Management function to ensure the quality of the investment offering.

Performance

The fund has historically outperformed fixed income portfolios while still showing less volatility than pure equity products. Tends to strongly participate in both the upside and downside of equities while still offering stable payouts.

Process

Bottom up approach using external and proprietary tools with equal allocation across the three underlying assets with clear guidance for each component of the portfolio. The fund aims to achieve its income mandate through: high-yield bonds for higher coupons, convertible bonds for current income and large cap stocks for dividends, realisation of gains and covered calls.

Cost

Endowus offers retail share class with 100% trailer fee rebated back to Endowus investors to achieve lower cost of access.

How it fits in a portfolio

The fund gives access to investors to an alternative income offering compared to pure fixed income or equity solutions. The combination of high-yield bonds, convertible bonds and equities provides investors with a multi-asset strategy focusing on income generation while also offering some potential capital appreciation upside. Investors should note the fund invests primarily into the US market, with underlying fixed income exposures that have high equity sensitivity.

Invest in this fund

Performance

Returns

NAV

Shows the total return of this distributing fund, which includes dividends paid out.

Total returns

Cumulative

Annualised

All Time

9.94%

YTD

1.32%

1 month

1.32%

6 month

3.87%

1 year

5.50%

As of Jan 2026

Distributions

8.20%

Frequency

Monthly

17 Feb 2026

Risk metrics

Max drawdown

-6.42%As of Jan 2026

Volatility

6.49%As of Jan 2026

Calendar returns

Year	Total	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	-	1.3%	-	-	-	-	-	-	-	-	-	-	-
2025	6.4%	2.2%	-2.3%	-3.9%	-0.3%	3.7%	2.9%	1.7%	0.2%	1.1%	1.8%	-0.5%	-0.2%
2024	-	-	-	0.0%	-2.4%	0.5%	2.0%	-0.4%	1.0%	1.1%	-0.6%	2.6%	-1.7%

Top Exposures

Holdings

Regions

Sectors

NVIDIA Corp	3.08%
Apple Inc	2.23%
Amazon.com Inc	1.87%
Microsoft Corp	1.82%
Alphabet Inc Class A	1.80%
Western Digital Corp. 3% (2028-11-15 Maturity)	1.25%
Broadcom Inc	0.98%
Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L-	0.94%
Meta Platforms Inc Class A	0.85%
Welltower OP LLC 3.125% (2029-07-15 Maturity)	0.76%

Top exposures represent up to 15 of the fund's largest exposures for each category. Allocation percentages may not sum up to 100% and can include negative values due to rounding or trading activities by the underlying fund managers, including short positions.

Fund fees

1.56%0.94% p.a.

Save 39%

Fund facts

ISIN

LU2756315581

Fund house

Allianz

Fund size

JP¥9T

As of 20 Feb 2026

Fund inception date

01 Mar 2024

Fund class currency

JPY

Fund share class

AMi (H2-JPY) Dis.

Oldest share inception date

07 Nov 2011

Pricing frequency

Daily

Warning statements

All investments involve risks (including the possibility of loss of the capital invested) and the price of fund units may go up as well as down.
Past performance is not indicative of future performance.
Although this fund has been authorised by the Hong Kong Securities and Futures Commission (“SFC”), it does not imply an official recommendation or endorsement by the SFC nor does it guarantee the commercial merits of the fund or its performance.
If you are in any doubt, you should clarify with us or seek independent professional advice.

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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No invitation or solicitation Nothing contained on this webpage should be construed as a solicitation, recommendation or an offer by Endowus or any of its affiliates to buy or sale any security, commodity, investment or to engage in any other transaction in any jurisdiction in which such solicitation, recommendation or offer to buy or sale would be unlawful under the securities laws in such jurisdiction. No information included on this webpage is to be construed as investment advice or as a recommendation or a representation about the suitability or appropriateness of any advisory product or service; or an offer to buy or sell, or the solicitation of an offer to buy or sell, any security, financial product, or instrument; or to participate in any particular trading strategy. Investors should seek independent financial and tax advice before making any investment decision.

Product Risk Rating Please note that any product risk rating (the “PRR”) provided by us is an internal rating assigned based on our product risk assessment model, and is for your reference only. The PRR is subject to change from time to time. The PRR does not take into account your individual circumstances, objectives or needs and should not be regarded as advice or recommendation to purchase, hold or sell any fund or make any other investment decisions. Accordingly, you should not solely rely on the PRR in making your investment decision in the relevant Fund.

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Disclaimer:

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LU2756315581Allianz Income and Growth Fund JPY-Hedged (Dist.)

LU2756315581
Allianz Income and Growth Fund JPY-Hedged (Dist.)