Allianz Global Investors UK Gilt Yield Class I Inc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/11/19 to 30/11/20 |
30/11/20 to 30/11/21 |
30/11/21 to 30/11/22 |
30/11/22 to 30/11/23 |
30/11/23 to 30/11/24 |
|
|---|---|---|---|---|---|
| Fund | 6.5% | -2.2% | -23.1% | -5.7% | 3.7% |
| Sector | 5.7% | -1.6% | -22.3% | -5.7% | 3.6% |
| Rank | n/a | n/a | n/a | n/a | n/a |
| Quartile | n/a | n/a | n/a | n/a | n/a |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/11/24 |
5 Years to 30/11/24 |
10 Years to 30/11/24 |
||
| Fund | -9.1% | -4.8% | -0.2% | |
| Sector | -8.8% | -4.6% | -0.1% | |
| Rank | n/a | n/a | n/a | |
| Quartile | n/a | n/a | n/a | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| 3¾% Treasury Gilt 2027 | 14.49 |
| 4¼% Treasury Stock 2036 | 9.59 |
| 3¾% Treasury Gilt 2038 | 9.45 |
| 3½% Treasury Gilt 2025 | 5.98 |
| 4⅛% Treasury Gilt 2027 | 5.98 |
| 4¼% Treasury Gilt 2046 | 4.30 |
| 4⅜% Treasury Gilt 2054 | 4.28 |
| 3¼% Treasury Gilt 2044 | 4.06 |
| 4% Treasury Gilt 2063 | 3.84 |
| 3½% Treasury Gilt 2045 | 3.77 |
| Total | 65.73 |
Fund Aims
The Fund aims to maximise total return, consistent with preservation of capital and prudent investment management, primarily through investment in British government securities. Investors should be aware that the Fund's capital is at risk and there is no guarantee that the Fund will achieve its investment objective over any particular period or at all. Please see the Key Investor Information Document for objectives and investment policy.
Fund Manager
Kacper joined Allianz Global Investors in July 2016 as a Portfolio Manager, after around 7 years’ experience across multiple macro asset classes. Kacper specializes in derivatives, and has worked in Europe, the Middle East and the US, trading both G10 and Emerging Market products. He was previously a Fixed Income Trader at RBS in London where he traded Interest Rate Derivatives and Cross Currency Swaps. He subsequently worked in Dubai for National Bank of Fujairah, where he focused on interest rate derivatives and FX Options, as well as commodity derivatives. Most recently, he worked on the multi-strategy credit fund at Bluecrest in New York. Kacper received a BSc (Hons) in Mathematics and Economics from the London School of Economics in 2008 and graduated with an MBA from Yale School of Management in 2016. He is a CFA charter holder.
Mike Riddell joined Allianz Global Investors on October 1st 2015 as a fixed income portfolio manager. Mike has nearly 15 years’ experience in fixed income having worked with M&G in London for 12 years, running bond portfolios, and prior to that at Premier Asset Management. As well as depth of experience, Mike’s experience is broad, including not only UK Bonds but also emerging markets and global mandates. In March 2010, he became fund manager of the M&G Emerging Markets Bond Fund, the M&G International Sovereign Bond Fund and the M&G Index-Linked Bond Fund. At the same time, he was appointed deputy fund manager of the M&G Global Macro Bond Fund and the M&G Gilt & Fixed Interest Income Fund, taking over as lead manager of the latter fund in February 2014. Mike graduated from Birmingham University in 2001 with a BSc (Hons) in Money, Banking and Finance, and is a CFA charter holder.
Fund Overview
| Mid (20/12/2024) | 138.64p |
| Historic yield | - |
| Fund size (31/08/2024) | £1101.59m |
| Number of holdings | 135 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.32% |
| Launch date | 16/05/2002 |
Asset Allocation
| UK Gilts | 86.82% | |
| International Bonds | 7.64% | |
| Cash and Equivalents | 2.88% | |
| UK Corporate Bonds | 1.82% | |
| Alternative Trading Strategies | 0.05% | |
| Other Assets | 0.79% |
Commentary
No commentary currently available
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| UK Gilts | 86.82% | |
| International Bonds | 7.64% | |
| Cash and Equivalents | 2.88% | |
| UK Corporate Bonds | 1.82% | |
| Alternative Trading Strategies | 0.05% | |
| Other Assets | 0.79% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 96.28% | - | - | - | |
| Cash and Equivalents | 2.88% | - | - | - | |
| Non-Classified | 0.79% | - | - | - | |
| Alternative Trading Strategies | 0.05% | - | - | - | |
| Alternative Trading Strategies | - | 0.05% | - | - | |
| Alternative Trading Strategies | - | - | 0.05% | - | |
| Alternative Trading Strategies | - | - | - | 0.05% | |
Regional Allocation
| UK | 88.64% | |
| Developed Europe - Excl UK | 4.15% | |
| Cash and Equivalents | 2.88% | |
| Australia & New Zealand | 2.42% | |
| Non-Classified | 1.91% |
Fixed Interest Currencies
| Pound Sterling | 92.51% | |
| Non-Fixed Interest Assets | 3.72% | |
| Australian Dollar | 2.42% | |
| Norwegian Krone | 1.35% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 88.64% | - | |
United Kingdom
|
- | 88.64% | |
| Developed Europe - Excl UK | 4.15% | - | |
Germany
|
- | 2.79% | |
Norway
|
- | 1.35% | |
| Cash and Equivalents | 2.88% | - | |
| Australia & New Zealand | 2.42% | - | |
Australia
|
- | 2.42% | |
| Non-Classified | 1.91% | - | |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
36.68% |
| 5Yr - 10Yr Maturity |
|
2.63% |
| 10Yr - 15Yr Maturity |
|
21.11% |
| > 15Yr Maturity |
|
35.86% |
| Cash And Equivalents |
|
2.88% |
| Unknown Maturity |
|
0.79% |
| Other Asset Types |
|
0.05% |
Fixed Interest Quality Profile
| AAA |
|
5.71% |
| AA |
|
88.64% |
| Unknown Quality |
|
1.93% |
| Cash and Equivalents |
|
2.88% |
| Other Asset Types |
|
0.84% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | 3¾% Treasury Gilt 2027 | 14.49% | Bonds | United Kingdom |
| 2 | 4¼% Treasury Stock 2036 | 9.59% | Bonds | United Kingdom |
| 3 | 3¾% Treasury Gilt 2038 | 9.45% | Bonds | United Kingdom |
| 4 | 3½% Treasury Gilt 2025 | 5.98% | Bonds | United Kingdom |
| 5 | 4⅛% Treasury Gilt 2027 | 5.98% | Bonds | United Kingdom |
| 6 | 4¼% Treasury Gilt 2046 | 4.30% | Bonds | United Kingdom |
| 7 | 4⅜% Treasury Gilt 2054 | 4.28% | Bonds | United Kingdom |
| 8 | 3¼% Treasury Gilt 2044 | 4.06% | Bonds | United Kingdom |
| 9 | 4% Treasury Gilt 2063 | 3.84% | Bonds | United Kingdom |
| 10 | 3½% Treasury Gilt 2045 | 3.77% | Bonds | United Kingdom |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only.
Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | 3138339 |
| Mex Code | THGYC |
| Isin Code | GB0031383390 |
| Citi Code | TI01 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.32% |
Aims and Benchmark
| Aims | The Fund aims to maximise total return, consistent with preservation of capital and prudent investment management, primarily through investment in British government securities. Investors should be aware that the Fund's capital is at risk and there is no guarantee that the Fund will achieve its investment objective over any particular period or at all. Please see the Key Investor Information Document for objectives and investment policy. |
| Benchmark | FTSE Actuaries UK Government Index-Linked All Stocks Total Return GBP (Midday) Index |
| Benchmark Category | - |
| IA Sector | UK Gilt |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | OEIC |
| Launch price | £128.70 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Biannually |
| Distribution Type | No income |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 May | 30 June |
| 01 November | 31 December |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | State Street Trustees Limited |
| Fund Administrator | DST Financial Services Europe |
| Fund Registrar | DST Financial Services International Limited |
| Fund Custodian | State Street Trustees Limited |
Group Details
| Group name | Allianz Global Investors (UK) Ltd |
| Group address | 155 Bishopsgate London EC2M 3AD |
| Group telephone | 0800 848 494 |
| Dealing telephone | - |
| investor.services@allianzgi.co.uk | |
| Homepage | www.allianzgi.co.uk |
| Fax number | - |
Dealing
| Minimum Investment | £10000 |
| Minimum Top Up | £500 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 4 days |
| Settlement Period: Sell | 4 days |
| Pricing Basis | Forward |
| Dealing Decimals | 2 |
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | 1.09 |
| Beta | 1.11 |
| Sharpe | -0.01 |
| Standard Deviation | 11.62 |
| Info Ratio | 0.01 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | Yes |
| Emerging Markets | No |
| Concentrated Portfolio | No |
| Smaller Companies | No |
| High Yield Bonds | No |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | No |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | Yes |
| Offshore | No |
| Income Eroding Capital Growth | Yes |
| Umbrella Liabilities | Yes |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | Yes |
| Ethical Restrictions | No |
| Liquidity | No |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Charges to Capital
Part, or all of the periodic annual management fee(s) and expenses may be charged to capital which could increase the potential for the capital value of your investment to be eroded. Your capital could also decrease if income withdrawals exceed the growth rate of the fund(s).
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Derivative Exposure
The fund invests in derivatives as part of its investment strategy, over and above their use for Efficient Portfolio Management (EPM). Investors should be aware that the use of these instruments can, under certain circumstances, increase the volatility and risk profile of the Fund beyond that expected of a fund that only invests in equities. The fund may also be exposed to the risk that the company issuing the derivative may not honour their obligations which in turn could lead to losses arising.
Income Eroding Capital Growth
The fund focuses on providing an income, which can reduce the prospects for capital growth, and in some cases the capital value may fall.
Umbrella Liabilities
If the liabilities of one fund were to exceed its assets, the other funds within the scheme might have to transfer across money to cover the liabilities.
Solvency of Bond Issuers
If the fund you choose invests in bonds there is a risk that the issuer may default, resulting in a loss to the portfolio.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.
Important Information
The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
"Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.