Allianz Strategic Bond A

  • 180.11p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • -
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 4.00% 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 1.25%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 1.44%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 0.90%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 24 March 2020, fund data last updated 31 March 2006

The Fund aims to maximise total return, consistent with preservation of capital and prudent investment management. This is done largely 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.

Fund summary

Sector £ Strategic Bond
Structure OEIC
Launched
Size £767m
Yield 0.90%
Charging basis Capital
Dividends paid 30 Apr, 31 Oct

Charges

Standard initial charge 4.00%
Initial charge via Bestinvest 0.00%
Annual management charge 1.25%
Ongoing charges figure 1.44%

Allocation

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Investment process

PIMCO adopt a conservative approach to bond management with the emphasis on low volatility, preservation of capital and a number of small active positions with the aim of identifying long term value as opposed to market timing. The strategy prefers stable, transparent credits as opposed to fallen angel/recovery situations. In practice exposure to high yield is expected to vary between 35-5% according to the prevailing market conditions. The fund manager operates within a risk budget set by PIMCO’s global investment committee and the European strategy team, who will determine the optimal high yield/ investment grade allocation and the strategic themes running through the portfolio. All credit analysis is undertaken by PIMCO’s specialist fixed income teams. PIMCO expect 70% of the fund's out performance to be derived from bottom up credit analysis. The fund is benchmarked against 75% Merrill Lynch Non Gilt and 25% Merrill Lynch Euro High Yield Index targeting out performance of 1-1.25% p.a before fees over 3-5 years.

Manager research

Average monthly relative returns

  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Track record

Periods of worst performance

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Relative 0.00% ()

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

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Sector breakdown

Government Bonds 93.00%
Money Market 6.00%
Government Guaranteed 1.00%

Portfolio

The portfolio will usually consists of 80-100 names. Fund duration is managed to within +/-1 year of the benchmark. The fund will not invest in debt rated below B. Maximum holding outside of Government backed bonds is 5%.

Key Investor Information

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