Morningstar® Fund Report™|03/08/2025
Allianz All China Equity Fund (USD-RMB)
Performance History 31/07/2025
Growth of 1,000(USD)
Fund -13.47 -29.74 -20.67 10.56 20.21
+/-Cat 2.12 -4.54 -5.05 -1.73 0.96
+/-Idx 8.35 -9.32 -10.67 -7.19 -2.42
Category: China Equity
Index: Morningstar China Target Market Exposure NR USD
Trailing Returns 01/08/2025
Fund +/-Idx
YTD 18.67 -2.70
3 Years -5.19 -31.54
5 Years -22.94 -13.92
10 Years - -
12 Month Yield 0.00
Dividend Paying Frequency -
Key Stats
Morningstar Category
China Equity
Morningstar Rating™
ISIN
LU1720050803
NAV 01/08/2025
USD 11.6049
Day Change
-1.28%
Total Net Assets (mil)
31/07/2025
USD  664.79
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 30/06/2025
Morningstar Style Box®_Morningstar:
Equity Style
Asset Allocation %
% Long % Short % Net Assets
Stocks 98.02 0.00 98.02
Bonds 0.00 0.00 0.00
Cash 4.13 2.15 1.98
Other 0.00 0.00 0.00
Top 5 Regions %
Asia - Emerging 95.90
Asia - Developed 2.40
United States 1.70
Canada 0.00
Latin America 0.00
Top 5 Sectors %
Consumer Cyclical 22.40
Financial Services 20.03
Technology 15.61
Communication Services 10.65
Industrials 7.81
Top 5 Holdings Sector %
Tencent Holdings Ltd Communication Services Communication Services 9.31
Alibaba Group Holding Ltd Ordinary Shares Consumer Cyclical Consumer Cyclical 7.63
China Construction Bank Corp Class H Financial Services Financial Services 5.09
Xiaomi Corp Class B Technology Technology 5.07
China Merchants Bank Co Ltd Class H Financial Services Financial Services 3.20
Return Charts
3 Months 6 Months 1 Year 3 Years 5 Years 10 Years
Index Currency
UPDATE
Fund: Allianz All China Equity Fund (USD-RMB)
Index: Please select ...
Annual Returns 31/07/2025
2018 2019 2020 2021 2022 2023 2024 2025
Total Return -26.45 47.55 60.17 -13.47 -29.74 -20.67 10.56 20.21
+/- Category -6.49 23.05 21.99 2.12 -4.54 -5.05 -1.73 0.96
+/- Index -11.26 23.67 30.16 8.35 -9.32 -10.67 -7.19 -2.42
% Rank (Rel to Cat) 89 2 14 34 80 82 58 58
Trailing Returns 01/08/2025
Total Return +/- Category +/- Index
1 Day -1.28 -0.42 -0.25
1 Week -2.56 0.27 0.83
1 Month 4.55 1.60 1.15
3 Months 12.34 1.78 1.95
6 Months 17.32 0.34 -3.05
YTD 18.67 0.77 -2.70
1 Year 32.75 -1.27 -6.40
3 Years -5.19 -9.72 -31.54
5 Years -22.94 -5.34 -13.92
10 Years - - -
Quarterly Returns 31/07/2025
Quarter 1 Quarter 2 Quarter 3 Quarter 4
2025 10.46 2.77 - -
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 01/08/2025
12 Month Yield 0.00
Morningstar Rating™ 30/06/2025
3-Year
5-Year
10-Year Not Rated
Overall
Volatility Measurements 31/07/2025
1-Yr Volatility 24.54%   3-Yr Volatility 27.12%
1-Yr MaximumDrawdown -9.42% 3-Yr MaximumDrawdown -36.37%
1 Yr Sharpe Ratio 1.13 3-Yr Sharpe Ratio -0.10
3-Yr Mean Return 0.18%
Investment Style Details 30/06/2025
Morningstar Style Box®_Morningstar:
Equity Style
Size Rel to Cat
Average Mkt Cap (Mil) USD 71034.63 0.00
Market Capitalisation % Of Equity
Giant 70.53
Large 19.52
Medium 2.12
Small 1.96
Micro 0.00
Valuations and Growth Rates Equity Portfolio Relative to Category
Price/Prospective Earnings 14.89 0.00
Price/Book 2.05 0.00
Price/Sales 0.40 0.00
Price/Cash Flow 12.55 0.00
Dividend-Yield Factor 2.52 0.00
Long-Term Projected Earnings Growth 7.34 0.00
Historical Earnings Growth 11.19 0.00
Sales Growth 5.15 0.00
Cash-Flow Growth 9.09 0.00
Book-Value Growth 6.49 0.00
AssetAllocation 30/06/2025
Asset Allocation
% Long % Short % Net Assets
Stocks 98.02 0.00 98.02
Bonds 0.00 0.00 0.00
Cash 4.13 2.15 1.98
Other 0.00 0.00 0.00
World Regions 30/06/2025
% Of Equity Relative to Category
United States 1.70 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 2.40 0.00
Asia - Emerging 95.90 0.00
Emerging Market 95.90 0.00
Developed Country 4.10 0.00
Not Classified 0.00 0.00
Stock Sector Weightings 30/06/2025
% Of Equity Relative to Category
CyclicalCyclical 48.06 -
Basic MaterialsBasic Materials 3.56 -
Consumer CyclicalConsumer Cyclical 22.40 -
Financial ServicesFinancial Services 20.03 -
Real EstateReal Estate 2.08 -
Sensitive 36.12 -
Communication ServicesCommunication Services 10.65 -
EnergyEnergy 2.05 -
IndustrialsIndustrials 7.81 -
TechnologyTechnology 15.61 -
DefensiveDefensive 13.84 -
Consumer DefensiveConsumer Defensive 5.71 -
HealthcareHealthcare 6.62 -
UtilitiesUtilities 1.50 -
Top 10 Holdings 30/06/2025
Portfolio
Total Number of Equity Holdings 72
Total Number of Bond Holdings 0
Assets in Top 10 Holdings % 42.57
Product Name Sector Country/Region % of Assets
Tencent Holdings Ltd Communication Services Communication Services China 9.31
Alibaba Group Holding Ltd Ordinary Shares Consumer Cyclical Consumer Cyclical China 7.63
China Construction Bank Corp Class H Financial Services Financial Services China 5.09
Xiaomi Corp Class B Technology Technology China 5.07
China Merchants Bank Co Ltd Class H Financial Services Financial Services China 3.20
Industrial And Commercial Bank Of China Ltd Class H Financial Services Financial Services China 3.14
Zijin Mining Group Co Ltd Class H Basic Materials Basic Materials China 2.87
Kweichow Moutai Co Ltd Class A Consumer Defensive Consumer Defensive China 2.34
Meituan Class B Consumer Cyclical Consumer Cyclical China 2.02
Contemporary Amperex Technology Co Ltd Class A Industrials Industrials China 1.91
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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