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

  • Multi-asset
  • Convertibles
  • High yield
  • US
  • SGD Cash, SRS
  • Distributing
Invest with
SGD Cash, SRS
Payout type
Distributing
Risk rating
4
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
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.
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people
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.
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performance
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.
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process
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.
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cost
Cost
Endowus offers retail share class with 100% trailer fee rebated back to Endowus investors to achieve lower cost of access.
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selectionCriteria
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.
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Performance
Shows the total return of this distributing fund, which includes dividends paid out.
All Time
​
Total returns
All Time
117.15%
YTD
0.61%
1 month
-0.80%
6 month
3.13%
1 year
8.52%
3 year
31.82%
5 year
18.07%
10 year
109.82%
As of Feb 2026
Distributions
7.07%
Frequency
Monthly
17 Feb 2026
Risk metrics
Max drawdown
-21.80%As of Feb 2026
Volatility
10.30%As of Feb 2026
Calendar returns
YearTotalJanFebMarAprMayJunJulAugSepOctNovDec
2026-1.4%-0.8%----------
20258.1%2.4%-2.1%-3.7%-0.1%3.9%3.1%1.9%0.4%1.2%1.9%-0.4%-0.1%
20248.1%0.2%1.6%1.7%-2.1%0.7%2.2%-0.1%1.2%1.3%-0.4%3.0%-1.3%
202315.6%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 more5 of 14
Top Exposures
NVIDIA Corp3.09%
Apple Inc2.24%
Amazon.com Inc1.87%
Microsoft Corp1.83%
Alphabet Inc Class A1.81%
Western Digital Corp. 3% (2028-11-15 Maturity)1.25%
Broadcom Inc0.98%
Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L-0.94%
Meta Platforms Inc Class A0.85%
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
1.55%0.93% p.a.
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Fund facts
ISIN
LU0943347566
Fund house
AllianzGI
Fund size
S$71B
As of 06 Mar 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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