Allianz US Short Duration High Income Bond
LU2849615104
Income-oriented fund for US high-yield bonds
P12 (H2-EUR)
Summary Risk Indicator
Key Facts
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WKN
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A40GD6
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Benchmark
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No Benchmark (EUR)
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Article 8
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Minimum proportion of Taxonomy-aligned investments
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Minimum proportion of sustainable investments
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Consideration of principal adverse impacts (PAIs)
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Yes
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Currency
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Shareclass Launch Date
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31/07/2024
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Company
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Allianz Global Investors GmbH/Luxembourg
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Custodian Bank
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State Street Bank International GmbH - Luxembourg Branch
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Financial Year
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30/09
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United States
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Asset Class
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Fixed Income
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Umbrella
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Allianz Global Investors Fund
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Fund Launch Date
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12/06/2014
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NAV Calculation Frequency
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Min. Investment
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1.000.000
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Fund manager
Justin Kass
Since 01/03/2022
Dudnick, Jim
Since 01/06/2015
Steven Gish
Since 01/06/2015
Fund objectives
The fund concentrates on high-yielding US bonds with short duration. The aim is to attain above average income at below average volatility. At least 70 % of fund assets have to be invested in high-yielding securities (upon purchase). Non-USD currency exposure exceeding 20 % of fund assets is to be hedged against US-Dollars. Sustainability aspects are taken into account by the fund management. For more information on the investment strategy, the permissible asset classes and the sustainability approach, please refer to the sales prospectus.
Opportunities
- Particular yield potential of high-yield bonds
- Capital gains opportunities on declining market yields
- Investments target the US market
- Broad diversification across numerous securities
- Possible extra returns through single security analysis and active management
- Potential currency gains with share classes not hedged against investor currency
- Sustainability aspects are taken into account by the fund management. For more information on the sustainability approach, please refer to the sales prospectus
Risks
- High-yielding bonds entail above-average risk of volatility, illiquid markets and capital loss. The volatility of fund unit prices may be strongly increased.
- Interest rates vary, bonds suffer price declines on rising interest rates.
- Underperformance of the US high-yield market possible
- Sustainability approach narrows the investment universe
- Limited participation in the yield potential of single securities
- Success of single security analysis and active management not guaranteed
- Potential currency losses with share classes not hedged against investor currency