Morningstar® Fund Report™
Allianz All China Equity Fund (USD-RMB)
Performance History 31/03/2025
Growth of 1,000(USD) Advanced Graph
Fund -13.47 -29.74 -20.67 10.56 10.46
+/-Cat 2.12 -4.54 -5.05 -1.73 -0.62
+/-Idx 8.35 -9.32 -10.67 -7.19 -4.22
Category: China Equity
Index: Morningstar China Target Market Exposure NR USD
Trailing Returns 23/04/2025
Fund +/-Idx
YTD 5.16 -4.36
3 Years -14.66 -29.80
5 Years -8.59 -8.64
10 Years - -
12 Month Yield 0.00
Dividend Paying Frequency -
Key Stats
Morningstar Category
China Equity
Morningstar Rating™
ISIN
LU1720050803
NAV 23/04/2025
USD 10.2837
Day Change
2.24%
Total Net Assets (mil)
31/03/2025
USD 463.21
Front Load Fee
3.00%
Deferred Load Fee
-
Manager Name
Kevin You
Shao Ping Guan
Inception Date
05/12/2017
Benchmark
Fund Benchmark
MSCI China All Shares NR USD
Morningstar® Benchmark
Morningstar China Target Market Exposure NR USD
Investment strategy
Long-term capital growth by investing in onshore and offshore Equity Markets of the PRC, Hong Kong, and Macau in accordance with E/S characteristics.
Portfolio Profile 31/03/2025
Morningstar Style Box®_Morningstar:
Equity Style
Asset Allocation %
% Long % Short % Net Assets
Stocks 97.11 0.00 97.11
Bonds 0.00 0.00 0.00
Cash 5.99 3.10 2.89
Other 0.00 0.00 0.00
Top 5 Regions %
Asia - Emerging 96.10
Asia - Developed 2.30
United States 1.60
Canada 0.00
Latin America 0.00
Top 5 Sectors %
 Consumer Cyclical 24.57
 Financial Services 19.17
 Technology 11.94
 Communication Services 10.89
 Industrials 8.36
Top 5 Holdings Sector %
Alibaba Group Holding Ltd Ordinary Shares Consumer Cyclical Consumer Cyclical 9.57
Tencent Holdings Ltd Communication Services Communication Services 9.55
China Construction Bank Corp Class H Financial Services Financial Services 4.63
Xiaomi Corp Class B Technology Technology 4.29
China Merchants Bank Co Ltd Class H Financial Services Financial Services 3.21

Price Chart

  • Allianz All China Equity Fund (USD-RMB)
Return Charts
3 Months 6 Months 1 Year 3 Years 5 Years 10 Years
Index Currency
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Fund: Allianz All China Equity Fund (USD-RMB)
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Annual Returns 31/03/2025
2018 2019 2020 2021 2022 2023 2024 2025
Total Return -26.45 47.55 60.17 -13.47 -29.74 -20.67 10.56 10.46
+/- Category -6.49 23.05 21.99 2.12 -4.54 -5.05 -1.73 -0.62
+/- Index -11.26 23.67 30.16 8.35 -9.32 -10.67 -7.19 -4.22
% Rank (Rel to Cat) 89 2 14 34 80 82 58 58
Trailing Returns 23/04/2025
Total Return +/- Category +/- Index
1 Day 2.24 0.22 0.04
1 Week 4.33 0.35 -0.38
1 Month -6.86 -0.46 0.06
3 Months 6.13 -2.07 -6.00
6 Months -0.62 -1.44 -4.07
YTD 5.16 -1.15 -4.36
1 Year 18.78 -1.29 -10.20
3 Years -14.66 -13.08 -29.80
5 Years -8.59 -2.04 -8.64
10 Years - - -
Quarterly Returns 31/03/2025
Quarter 1 Quarter 2 Quarter 3 Quarter 4
2025 10.46 - - -
2024 -3.09 4.21 18.97 -7.98
2023 0.83 -11.80 -5.44 -5.66
2022 -16.95 0.38 -20.18 5.59
Dividend 23/04/2025
12 Month Yield 0.00
Morningstar Rating™                 Relative to Category 31/03/2025
3-Year
5-Year
10-Year Not Rated
Overall
Volatility Measurements 31/03/2025
3-Yr Volatility 27.38%   3-Yr Sharpe Ratio -0.28
3-Yr Mean Return -0.25%
Investment Style Details 31/03/2025
Morningstar Style Box®_Morningstar:
Equity Style
Size Relative to Category
Average Mkt Cap (Mil) USD 79293.27 0.00
Market Capitalisation % Of Equity
Giant 75.43
Large 17.14
Medium 0.00
Small 1.56
Micro 0.00
Valuations and Growth Rates Equity Portfolio Relative to Category
Price/Prospective Earnings 14.45 0.00
Price/Book 2.12 0.00
Price/Sales 0.40 0.00
Price/Cash Flow 12.79 0.00
Dividend-Yield Factor 2.18 0.00
Long-Term Projected Earnings Growth 6.62 0.00
Historical Earnings Growth 6.74 0.00
Sales Growth 3.62 0.00
Cash-Flow Growth 12.13 0.00
Book-Value Growth 6.54 0.00
AssetAllocation 31/03/2025
Asset Allocation
% Long % Short % Net Assets
Stocks 97.11 0.00 97.11
Bonds 0.00 0.00 0.00
Cash 5.99 3.10 2.89
Other 0.00 0.00 0.00
World Regions 31/03/2025
% Of Equity Relative to Category
United States 1.60 0.00
Canada 0.00 0.00
Latin America 0.00 0.00
United Kingdom 0.00 0.00
Eurozone 0.00 0.00
Europe - ex Euro 0.00 0.00
Europe - Emerging 0.00 0.00
Africa 0.00 0.00
Middle East 0.00 0.00
Japan 0.00 0.00
Australasia 0.00 0.00
Asia - Developed 2.30 0.00
Asia - Emerging 96.10 0.00
Emerging Market 96.10 0.00
Developed Country 3.90 0.00
Not Classified 0.00 0.00
Stock Sector Weightings 31/03/2025
% Of Equity Relative to Category
CyclicalCyclical 49.84 -
Basic MaterialsBasic Materials 4.51 -
Consumer CyclicalConsumer Cyclical 24.57 -
Financial ServicesFinancial Services 19.17 -
Real EstateReal Estate 1.59 -
Sensitive 32.83 -
Communication ServicesCommunication Services 10.89 -
EnergyEnergy 1.64 -
IndustrialsIndustrials 8.36 -
TechnologyTechnology 11.94 -
DefensiveDefensive 14.43 -
Consumer DefensiveConsumer Defensive 6.38 -
HealthcareHealthcare 6.64 -
UtilitiesUtilities 1.42 -
Top 10 Holdings 31/03/2025
Portfolio
Total Number of Equity Holdings 68
Total Number of Bond Holdings 0
Assets in Top 10 Holdings % 44.48
Product Name Sector Country/Region % of Assets
Alibaba Group Holding Ltd Ordinary Shares Consumer Cyclical Consumer Cyclical China 9.57
Tencent Holdings Ltd Communication Services Communication Services China 9.55
China Construction Bank Corp Class H Financial Services Financial Services China 4.63
Xiaomi Corp Class B Technology Technology China 4.29
China Merchants Bank Co Ltd Class H Financial Services Financial Services China 3.21
Meituan Class B Consumer Cyclical Consumer Cyclical China 2.97
Kweichow Moutai Co Ltd Class A Consumer Defensive Consumer Defensive China 2.86
Industrial And Commercial Bank Of China Ltd Class H Financial Services Financial Services China 2.56
Zijin Mining Group Co Ltd Class H Basic Materials Basic Materials China 2.47
BYD Co Ltd Class H Consumer Cyclical Consumer Cyclical China 2.38
Management Team
CompanyName Allianz Global Investors GmbH
Phone +49 (0) 69 2443-1140
Website www.allianzglobalinvestors.de
Address Bockenheimer Landstrasse 42-44



 
Domicile LUX
Legal Structure SICAV
UCITS Yes
Inception Date 05/12/2017
Fund Advisor(s)
Allianz Global Investors Asia Pacific Li
Fund Manager   Kevin You
Manager Start Date   01/07/2023
Education  
Biography  
Fund Manager   Shao Ping Guan
Manager Start Date   01/07/2023
Education  
Biography  
Mr. Guan is head of the China Equity team and portfolio manager of GSAM China Equity strategies. He joined the Goldman Sachs Asset Management, L.P. in in October 2008.
Fees and Expenses
Sales Charges (Maximum)
Front Load Fee 3.00%
Deferred Load Fee -
Switching Fee 1.00%
Annual Charge
Management (Max) 2.25%

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