LU0943347566

Allianz Income and Growth Fund SGD-Hedged (Dist.)(LU0943347566)

Multi-asset
Convertibles
High yield
US
SGD Cash, SRS
Distributing

Invest with

SGD Cash, SRS

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 ("US") and/or Canadian corporate debt securities and equities.

Key information

Annual report

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Product Highlight Sheet

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Prospectus

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Information Memorandum

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Factsheet

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Our perspective

Why we think this fund is best-in-class

Product

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.

People

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.

Performance

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.

Process

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.

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

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.

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

108.10%

YTD

-3.57%

1 month

-4.16%

6 month

-2.35%

1 year

8.04%

3 year

25.06%

5 year

14.36%

10 year

92.60%

As of Mar 2026

Distributions

7.55%

Frequency

Monthly

16 Mar 2026

Risk metrics

Max drawdown

-21.80%As of Mar 2026

Volatility

10.35%As of Mar 2026

Calendar returns

Year	Total	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	-	1.4%	-0.8%	-4.2%	-	-	-	-	-	-	-	-	-
2025	8.1%	2.4%	-2.1%	-3.7%	-0.1%	3.9%	3.1%	1.9%	0.4%	1.2%	1.9%	-0.4%	-0.1%
2024	8.1%	0.2%	1.6%	1.7%	-2.1%	0.7%	2.2%	-0.1%	1.2%	1.3%	-0.4%	3.0%	-1.3%
2023	15.6%	4.6%	-1.5%	1.0%	0.3%	1.1%	3.7%	2.4%	-1.3%	-3.0%	-3.0%	6.5%	4.3%
2022	-20.1%	-7.3%	-1.2%	2.2%	-6.0%	-2.8%	-7.6%	6.9%	-0.9%	-6.5%	3.2%	0.8%	-1.8%
Load more		5 of 14

Top Exposures

Holdings

Regions

Sectors

COST OF CURRENCY (CASH) 912000000USD 912000000USD	6.62%
NVIDIA Corp	2.90%
Apple Inc	2.37%
Alphabet Inc Class A	1.76%
Microsoft Corp	1.66%
Amazon.com Inc	1.27%
Western Digital Corp. 3% (2028-11-15 Maturity)	1.26%
Lumentum Holdings Inc. 0.5% (2028-06-15 Maturity)	0.97%
Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L-	0.95%
Broadcom Inc	0.93%
Welltower OP LLC 3.125% (2029-07-15 Maturity)	0.89%
Boeing Co 6% PRF CONVERT 15/10/2027 USD 50 - Dep Rep 1/20th Sr A (2027-10-15 Maturity)	0.83%
Lumentum Holdings Inc. 0.375% (2032-03-15 Maturity)	0.82%
Meta Platforms Inc Class A	0.77%
Live Nation Entertainment, Inc. 2.875% (2030-01-15 Maturity)	0.70%

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

1.55%0.93% p.a.

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Fund facts

ISIN

LU0943347566

Fund house

AllianzGI

Fund size

S$73.6B

As of 15 Apr 2026

Fund inception date

01 Jul 2013

Fund class currency

SGD

Fund share class

AM H2-SGD

Oldest share class ISIN

LU0685229519

Oldest share inception date

07 Nov 2011

Pricing frequency

Daily

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