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LU2106854487

Allianz Thematica Fund (Dist.)(LU2106854487)

Equities
Global
HKD Cash
Distributing

Invest with

HKD Cash

Payout type

Distributing

Risk rating

About this fund

Description

The Fund aims to attain long-term capital growth by investing primarily in global equity markets to build a diversified portfolio with a focus on theme and stock selection.

Key information

Annual report

Key fact sheet

Prospectus

Factsheet

Our perspective

Why we think this fund is best-in-class

Product

Unique, dynamically managed portfolio with active and ongoing theme selection and rotation, allowing the fund to be exposed to 5-7 secular growth themes at any given time. Some examples of themes that the Fund has invested in include Next Generation Energy, Pet Economy, Health Tech, Digital Life, Clean Water and Land, and AI.

People

Led by Andreas Fruschki (Head of Thematic Equity) with 15 years of experience, and Gunnar Miller (Global Head of Research) with 34 years of experience. Supported by a growing thematic equity team located globally who would help to identify and formulate themes, and pick stocks that are linked to the theme.

Performance

Top-tier performance since inception among peers in broad global equities since inception.

Process

Team believes that although themes have long-term growth potentials, this does not necessarily mean that all themes make good investments at every point in time. The active theme rotation makes up the top alpha source of the Fund. Each theme is represented by 15-30 stocks that have material exposure to the theme. Stock ideas are crowdsourced from the Allianz's Grassroots research platform; this is necessary because unlike traditional investing, thematic investing spans multiple geographies and sectors.

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 should note that as the Fund does not take a traditional perspective of classifying sectors - at any time its sector and country allocation could deviate largely from the benchmark allocation. We also recommend investors to diversify exposure to this fund with allocations with other broad market exposure.

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

53.57%

YTD

-4.63%

1 month

-10.32%

6 month

-4.32%

1 year

13.11%

3 year

15.99%

5 year

11.02%

As of Mar 2026

Distributions

5.17%

Frequency

Monthly

15 Apr 2026

Risk metrics

Max drawdown

-29.45%As of Mar 2026

Volatility

17.79%As of Mar 2026

Calendar returns

Year	Total	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	-	5.6%	0.7%	-10.3%	-	-	-	-	-	-	-	-	-
2025	11.4%	4.3%	-4.3%	-5.8%	1.4%	7.1%	4.3%	1.3%	0.7%	2.2%	2.3%	-4.0%	2.2%
2024	1.6%	-0.4%	3.0%	2.5%	-2.8%	0.7%	-0.9%	0.4%	2.3%	2.5%	-3.0%	0.6%	-3.1%
2023	15.3%	7.5%	-0.4%	0.3%	-1.1%	0.5%	4.9%	3.3%	-3.5%	-4.9%	-6.9%	8.7%	7.5%
2022	-21.1%	-10.2%	-1.5%	5.5%	-9.2%	-0.1%	-11.8%	8.9%	-3.6%	-8.5%	6.4%	5.2%	-1.7%
Load more		5 of 7

Top Exposures

Holdings

Regions

Sectors

Apple Inc	2.62%
NVIDIA Corp	2.54%
Microsoft Corp	2.10%
Alphabet Inc Class A	2.03%
Taiwan Semiconductor Manufacturing Co Ltd ADR	1.91%
Cheniere Energy Inc	1.42%
Contemporary Amperex Technology Co Ltd Class A	1.33%
NextEra Energy Inc	1.12%
Republic Services Inc	1.10%
E.ON SE	1.10%

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

1.95%1.15% p.a.

Save 41%

Fund facts

ISIN

LU2106854487

Fund house

Allianz

Fund size

HK$20.6B

As of 29 Apr 2026

Fund inception date

18 Feb 2020

Fund class currency

HKD

Oldest share inception date

08 Dec 2016

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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