Morningstar® Fund Report™
Allianz Global Opportunistic Bond Fund (USD)
Performance History 31/05/2025
Growth of 1,000(USD) Advanced Graph
Fund -2.45 -4.97 4.45 -0.57 3.19
+/-Cat 0.56 6.63 -3.71 -1.12 -3.34
+/-Idx 3.28 12.42 -0.72 1.29 -1.90
Category: Global Flexible Bond
Index: Morningstar Global Core Bond GR USD
Trailing Returns 30/05/2025
Fund +/-Idx
YTD 3.19 -1.90
3 Years 4.86 3.31
5 Years 3.24 13.28
10 Years - -
12 Month Yield 4.57
Dividend Paying Frequency Monthly
Key Stats
Morningstar Category
Global Flexible Bond
Morningstar Rating™
ISIN
LU1516272009
NAV 30/05/2025
USD 8.2307
Day Change
0.18%
Total Net Assets (mil)
30/05/2025
USD 586.53
Front Load Fee
3.00%
Deferred Load Fee
-
Manager Name
Thomas Schwarz
Gaurav Saroliya
Carl Pappo
Filippo Novembri
Ranjiv Mann
Inception Date
01/12/2016
Benchmark
Fund Benchmark
Secured Overnight Financing Rate(SOFR)
Morningstar® Benchmark
Morningstar Global Core Bond GR USD
Investment strategy
Long-term capital growth and income by investing in global Bond Markets. As part of the investment process, the Investment Manager applies an opportunistic approach, which provides in particular that a spectrum of macro and credit opportunities are accessed.
Portfolio Profile 31/03/2025
Morningstar Style Box®_Morningstar:
Equity Style
Morningstar Style Box®_Morningstar:
Fixed Income Style
Asset Allocation %
% Long % Short % Net Assets
Stocks 0.00 0.00 0.00
Bonds 110.18 46.64 63.54
Cash 102.28 65.83 36.45
Other 0.01 0.00 0.01
Fixed Income
Effective Maturity (Y) 4.20
Effective Duration 3.45
Average Credit Quality -
Top 5 Regions %
No Data Available
Top 5 Sectors %
 Communication Services 0.00
 Utilities 0.00
 Consumer Defensive 0.00
 Basic Materials 0.00
 Energy 0.00
Top 5 Holdings Sector %
Long Gilt Future June 25 11.20
United States Treasury Notes 4.125% 8.59
United States Treasury Notes 1.375% 6.68
US TREASURY N/B FIX 4.250% 15.11.2034 6.59
United Kingdom of Great Britain and Northern Ireland 4.375% 5.52

Price Chart

  • Allianz Global Opportunistic Bond Fund (USD)
Return Charts
3 Months 6 Months 1 Year 3 Years 5 Years 10 Years
Index Currency
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Fund: Allianz Global Opportunistic Bond Fund (USD)
Index: Please select ...
Annual Returns 31/05/2025
2018 2019 2020 2021 2022 2023 2024 2025
Total Return -1.76 7.07 6.19 -2.45 -4.97 4.45 -0.57 3.19
+/- Category 4.04 -0.12 -1.55 0.56 6.63 -3.71 -1.12 -3.34
+/- Index -0.67 0.48 -2.96 3.28 12.42 -0.72 1.29 -1.90
% Rank (Rel to Cat) 18 51 67 48 17 89 55 31
Trailing Returns 30/05/2025
Total Return +/- Category +/- Index
1 Day 0.18 0.02 0.17
1 Week 0.26 -0.20 -0.27
1 Month -0.02 -0.45 0.46
3 Months 1.33 -2.43 -1.67
6 Months 2.12 -2.32 -0.69
YTD 3.19 -2.61 -1.90
1 Year 4.90 -2.66 -1.84
3 Years 4.86 -6.30 3.31
5 Years 3.24 -7.91 13.28
10 Years - - -
Quarterly Returns 31/05/2025
Quarter 1 Quarter 2 Quarter 3 Quarter 4
2025 2.40 - - -
2024 -0.83 -0.64 2.86 -1.90
2023 1.71 -1.07 -1.44 5.32
2022 -1.89 -3.89 -1.62 2.45
Dividend 30/05/2025
12 Month Yield 4.57
2025 0.19
2024 0.45
2023 0.43
2022 0.40
Morningstar Rating™                 Relative to Category 30/04/2025
3-Year
5-Year
10-Year Not Rated
Overall
Volatility Measurements 31/05/2025
1-Yr Volatility 2.99%   3-Yr Volatility 5.23%
1-Yr MaximumDrawdown -1.90% 3-Yr MaximumDrawdown -5.45%
1 Yr Sharpe Ratio 0.00 3-Yr Sharpe Ratio -0.59
3-Yr Mean Return 0.14%
Investment Style Details -
Morningstar Style Box®_Morningstar:
Equity Style
Size Relative to Category
Average Mkt Cap (Mil) USD 0.00 0.00
Market Capitalisation % Of Equity
Valuations and Growth Rates Equity Portfolio Relative to Category
Price/Prospective Earnings 0.00 0.00
Price/Book 0.00 0.00
Price/Sales 0.00 0.00
Price/Cash Flow 0.00 0.00
Dividend-Yield Factor 0.00 0.00
Long-Term Projected Earnings Growth 0.00 0.00
Historical Earnings Growth 0.00 0.00
Sales Growth 0.00 0.00
Cash-Flow Growth 0.00 0.00
Book-Value Growth 0.00 0.00
Fixed Income Style 31/03/2025
Morningstar Style Box®_Morningstar:
Fixed Income Style
Maturity Distribution %
1 To 3 2.11
3 To 5 6.41
5 To 7 16.67
7 To 10 46.35
10 To 15 3.99
15 To 20 0.02
20 To 30 12.08
Over 30 0.00
Effective Maturity (Y) 4.20
Effective Duration 3.45
Average Credit Quality -
Credit Quality Breakdown % %
AAA -31.09 BB 8.32
AA 66.97 B 0.56
A 27.23 BelowB 0.38
BBB 27.63 Not Rated 0.00
AssetAllocation 31/03/2025
Asset Allocation
% Long % Short % Net Assets
Stocks 0.00 0.00 0.00
Bonds 110.18 46.64 63.54
Cash 102.28 65.83 36.45
Other 0.01 0.00 0.01
World Regions 31/03/2025
% Of Equity Relative to Category
Stock Sector Weightings 30/11/2024
% Of Equity Relative to Category
CyclicalCyclical - -
Basic MaterialsBasic Materials - -
Consumer CyclicalConsumer Cyclical - -
Financial ServicesFinancial Services - -
Real EstateReal Estate - -
Sensitive - -
Communication ServicesCommunication Services - -
EnergyEnergy - -
IndustrialsIndustrials - -
TechnologyTechnology - -
DefensiveDefensive 0.00 -
Consumer DefensiveConsumer Defensive 0.00 -
HealthcareHealthcare 0.00 -
UtilitiesUtilities 0.00 -
Top 10 Holdings 31/03/2025
Portfolio
Total Number of Equity Holdings 0
Total Number of Bond Holdings 87
Assets in Top 10 Holdings % 59.92
Product Name Sector Country/Region % of Assets
Long Gilt Future June 25 United Kingdom 11.20
United States Treasury Notes 4.125% United States 8.59
United States Treasury Notes 1.375% United States 6.68
US TREASURY N/B FIX 4.250% 15.11.2034 United States 6.59
United Kingdom of Great Britain and Northern Ireland 4.375% United Kingdom 5.52
10 Year Treasury Note Future June 25 United States 4.81
United States Treasury Bills 0% United States 4.59
United States Treasury Notes 2.75% United States 4.30
Secretaria Do Tesouro Nacional 10% Brazil 3.83
United States Treasury Notes 4.25% United States 3.79
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 01/12/2016
Fund Advisor(s)
Allianz Global Investors GmbH, UK Branch
Fund Manager   Thomas Schwarz
Manager Start Date   09/04/2025
Education  
University of Bonn
Biography  
Thomas Schwarz is an Associate Portfolio Manager in AllianzGI’s Core Fixed Income – Global Markets Team. He has three years of investment industry experience. Thomas joined the firm in 2021 as an intern with the Business Management Team in Tokyo focusing on data analysis and client reporting on Global Fixed Income portfolios – he speaks fluently in German and English, as well as business proficiency in Japanese. In 2023, Thomas joined the Global Markets Team as an Associate Portfolio Manager. Thomas holds two separate Master’s degrees in Economics from the University of Bonn and the Institut Polytechnique de Paris.
Fund Manager   Gaurav Saroliya
Manager Start Date   09/04/2025
Education  
York University
Biography  
Gaurav joined AllianzGI in July 2021 as a portfolio manager in Macro Unconstrained fixed income. His main focus has been to help develop the team’s global macro views and develop new unconstrained global-macro strategies. He is currently part of the Global Markets team and acts as a deputy portfolio manager on some of the team’s funds. Gaurav has 20 years’ investment experience. Prior to joining AllianzGI, he was head of global macro strategy at Oxford Economics. Gaurav began his career managing absolute return fixed income strategies at Union Bancaire Privée. Gaurav has a PhD in Economics from York University.
Fund Manager   Carl Pappo
Manager Start Date   09/04/2025
Education  
Babson College
Biography  
Mr. Pappo is CIO US Fixed Income and a managing director with Allianz Global Investors, which he joined in 2017. As the leader of the US Fixed Income team, his responsibilities include chairing the core strategy team (which sets portfolio risk allocations) and acting as lead portfolio manager for a number of strategies. Mr. Pappo previously worked at Columbia Threadneedle Investments, where he was head of the core fixed-income team; earlier at the firm, he led the credit team and the investment grade research team. Before that, Mr. Pappo worked at Fleet Investment Advisors where he managed taxable fixed-income funds and institutional portfolios. He began his career as a corporate bond trader. Mr. Pappo has a B.S. in accounting from Babson College. He is a CFA charterholder.
Fund Manager   Filippo Novembri
Manager Start Date   30/05/2023
Education  
LUISS University
Biography  
Filippo Novembri is an Associate Portfolio Manager in AllianzGI’s Core Fixed Income – Global Markets Team; he has five years of investment industry experience. Filippo joined the firm in 2019 as an Assistant Portfolio Manager in the LDI team, before joining the Core Fixed Income team in 2020 - initially focusing on portfolio structuring and monitoring for Global Fixed Income portfolios. In 2022, Filippo was promoted to Associate Portfolio Manager, responsible for Global Markets team portfolios. Prior to joining AllianzGI, Filippo worked as Fixed Income Data Analyst for consulting company Capgemini. Filippo holds a BSc in Economics from LUISS University and a MSc in Finance from the London School of Economics; he is also a CFA charterholder and member of the CFA Society.
Fund Manager   Ranjiv Mann
Manager Start Date   25/07/2022
Education  
University of Manchester
Biography  
Ranjiv Mann is a Senior Portfolio Manager in AllianzGI’s Core Fixed Income – Global Markets Team. He joined the firm in 2016 following the acquisition and integration of Rogge Global Partners, which he joined in 2000. Ranjiv has over 30 years industry experience in macroeconomic research and sovereign strategy. Previously he was a Senior Economist at the Confederation of British Industry (CBI); Ranjiv was also responsible for preparing economic forecasts for the Chancellor of the Exchequer’s Panel of Independent Forecasters and Associate lecturer in Economics at Surrey University. Ranjiv holds an MA in Economics from the University of Manchester, UK, and he is a member of the Society of Business Economists.
Fees and Expenses
Sales Charges (Maximum)
Front Load Fee 3.00%
Deferred Load Fee -
Switching Fee 1.00%
Annual Charge
Management (Max) 1.14%

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