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LU2048586759

Allianz Smart Energy Fund(LU2048586759)

Equities
Global
USD Cash
Accumulating

Invest with

USD Cash

Payout type

Accumulating

Risk rating

About this fund

Description

The Fund aims to generate long-term capital growth by investing in global Equity Markets with a focus on companies with an engagement in the area of transition of energy usage in accordance with the SDG-Aligned Strategy Type A.

Key information

Annual report

Key fact sheet

Prospectus

Factsheet

Our perspective

Why we think this fund is best-in-class

Product

Invests in companies that are enablers and/or beneficiaries of energy transition, in areas such as clean energy generation, efficient energy storage, and sustainable energy consumption. Investment theme facilitates important ESG outcomes as aligned by the United Nations Sustainable Development Goals. Due to the nature of energy transition, the Fund has significant exposure to industrials, utilities, and energy/natural gas sectors.

People

Managed by Lead PM David Finger since inception, who has about 17 years of experience and comes with research background in relevant sectors such as materials and metals. Supported by Allianz Thematic Equity Team, Allianz's signature Grassroots Research platform that provides independent and on-the-ground analysis, and a dedicated 10-member Sustainability Research team.

Performance

Has demonstrated good performance among peers investing in alternative energy since inception. Expected to benefit from a certain degree of inflation-hedging, as the Fund focuses on industrials, utilities, and energy sectors that are able to pass on rising costs to consumers as opposed to more price-sensitive sectors like consumer discretionary.

Process

Candidate companies are evaluated based on two metrics: Sensitivity (degree of impact on positive ESG outcomes) and Purity (percentage of earnings derived from ESG-aligned activity). All-in-all, the resulting portfolio consists of companies that have a good impact on energy transitions that generate an average of 50% of their earnings from ESG-aligned sources, with long-term sustainable returns.

Cost

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

How it fits in a portfolio

Investors looking to benefit from the long-term, differentiated growth driven by the global clean energy transition can consider the Fund as a satellite exposure. The Fund would also appeal to investors who are looking to be a part of the solution to pressing environmental issues. At the same time, investors have to be mindful that the Fund is a 100% equity strategy investing in relatively new growth sectors and can experience periods of significant volatility and drawdowns.

Invest in this fund

Performance

Returns

NAV

Shows the total return of this accumulating fund, which includes dividends reinvested.

Total returns

Cumulative

Annualised

All Time

77.03%

YTD

-0.04%

1 month

-10.13%

6 month

8.27%

1 year

40.31%

3 year

12.50%

5 year

2.34%

As of Mar 2026

Distributions

This is an accumulating fund, so dividends are re-invested at the fund level.

Risk metrics

Max drawdown

-36.10%As of Mar 2026

Volatility

22.02%As of Mar 2026

Calendar returns

Year	Total	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	-	8.0%	3.0%	-10.1%	-	-	-	-	-	-	-	-	-
2025	35.0%	-1.0%	-0.1%	-2.7%	1.8%	6.9%	5.2%	3.9%	3.7%	5.1%	5.3%	-0.1%	2.9%
2024	-9.0%	-7.0%	1.8%	5.3%	-1.6%	6.9%	-6.3%	1.0%	-1.8%	4.7%	-6.4%	0.7%	-5.3%
2023	-2.8%	7.6%	-2.8%	1.5%	-2.5%	0.3%	3.5%	2.9%	-8.2%	-8.5%	-11.2%	9.4%	7.7%
2022	-18.2%	-11.3%	2.2%	2.0%	-8.8%	6.2%	-11.5%	10.2%	-5.3%	-12.3%	3.5%	11.6%	-2.3%
Load more		5 of 8

Top Exposures

Holdings

Regions

Sectors

SSE PLC	3.88%
Iberdrola SA	3.84%
Schneider Electric SE	3.70%
NextEra Energy Inc	3.51%
EnerSys	3.33%
GS Yuasa Corp	3.17%
Vertiv Holdings Co Class A	3.14%
Aurubis AG	3.13%
Enel SpA	3.09%
Albemarle Corp	2.97%
Renesas Electronics Corp	2.90%
Amphenol Corp Class A	2.90%
Itron Inc	2.76%
nVent Electric PLC	2.65%
Haier Smart Home Co Ltd Class H	2.45%

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

1.97%1.17% p.a.

Save 40%

Fund facts

ISIN

LU2048586759

Fund house

Allianz

Fund size

US$348.9M

As of 20 Apr 2026

Fund inception date

30 Oct 2019

Fund class currency

USD

Fund share class

AT USD Acc

Oldest share inception date

30 Oct 2019

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.

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