Fact sheet: Allianz Technology IT

Rated Fund Information
Rated Funds Group
?Money Observer has arranged all its Rated Funds into easy to understand Rated Fund Groups, comprising funds and investment trusts.
SPECIALIST
Sector
IT Tech, Media & Telecomm
Fund type
Investment Trust
Primary aim
GROWTH
Why Money Observer Rates Allianz Technology IT

New for 2018. Taps into technological transformation

Allianz Technology Trust has replaced Polar Capital Technology investment trust, a Rated Fund since 2013, on account of its superior performance and lack of an additional performance-related fee. Walter Price, who has 40 years' experience of investing in technology, has run the trust since 2007. He invests principally in the equity securities of global quoted technology companies, with the aim of achieving long-term capital growth in excess of the Dow Jones World Technology index. With the pace of technological change increasing and technology set to transform the way we drive, work and live, Price believes the sector provides some of the best absolute and relative return opportunities in equity markets, especially for bottom-up stock pickers such as him. He points to the growth in technology coming from the creation of new markets, rather than simply economic growth. He favours companies creating new markets or effecting significant change in old ones. Sectors such as automobiles, advertising, security, retail and manufacturing are all being transformed by advances in technology, he says.

He does not have a style bias and is finding 'compelling' opportunities across the high growth, value and 'growth at a reasonable price' segments of the market. Sectors and themes that are providing him with the richest pickings include semiconductors, cloud computing, robotics and automation, and security.At the end of 2017, the trust had around 60 holdings and more than 80 per cent of its assets in the US. Shares in the trust were on a small premium to net assets at the end of 2017, having traded as wide as ヨ14 per cent over the past three years.

3 Year Performance
Fund Performance101.1%
Average of Rated Funds Group41.5%
Sector Performance98.2%
Fund information
Fund name
Allianz Technology Trust PLC
Fund manager company
Allianz Global Invtrs GmbH(UK)
Fund type
Investment Trust
Fund manager
  • Walter Pricesince 30/04/2007
Accolades
Fund objective
The Trust’s objective is to achieve long-term capital growth by investing principally in the equity securities of quoted technology companies on a worldwide basis.
Benchmark
  • Dow Jones World Technology Index
Investment style
None
Investment method
Shares
Quick stats
1 Year return
38.4%
1 Year rank in sector
1/2
Sector
IT Tech, Media & Telecomm
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.02%
Fund size
£365m
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
172
Mid price
1280
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
1266.94
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
+1.03
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
100
Top in this sector
Fund name1 Year
Allianz Tech Tst PLC38.4%
Polar Cap Tech Tst PLC21.1%
Augmentum Fintech PLC-
...more in IT Tech, Media & Telecomm

Performance snapshot

Holdings snapshot

  • North America89.1%
    Europe ex UK4.1%
    UK3.5%
    Money Market2%
    Far East1.3%
  • Technology71.6%
    Consumer Services14.9%
    Industrials8.5%
    Consumer Goods2.4%
    Money Market2%
  • North American Equities89.1%
    Europe ex UK Equities4.1%
    UK Equities3.5%
    Money Market2%
    Asia Pacific Equities1.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4.1%6%12.8%38.4%101.1%251.2%
Sector2.7%2.4%8.2%31.1%98.2%219.3%
Rank within sector1 / 31 / 21 / 21 / 21 / 21 / 2
Quartile
Calendar performance
 YTD - 20182017201620152014
Fund9.5%42.7%27%15%7.1%
Sector5.4%38.5%31.1%11.3%13%
Rank within sector1 / 21 / 22 / 21 / 22 / 2
Quartile
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
1.54
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.94
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
1.34
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
16.41
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
5.59
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.02
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.88
Price movement
52 week high1350
52 week low920
Current bid price1270
Current offer price1290
Current mid price1280
Region
1North America89.1%
2Europe ex UK4.1%
3UK3.5%
4Money Market2%
5Far East1.3%
Industry sector
1Technology71.6%
2Consumer Services14.9%
3Industrials8.5%
4Consumer Goods2.4%
5Money Market2%
6Financials0.6%
Asset type
1North American Equities89.1%
2Europe ex UK Equities4.1%
3UK Equities3.5%
4Money Market2%
5Asia Pacific Equities1.3%
Individual holdings
1AMAZON.COM INC7.3%
2MICROSOFT CORP4.6%
3SERVICENOW INC4.1%
4NETFLIX INC3.4%
5ARISTA NETWORKS INC3.2%
6SQUARE INC3.2%
7WORKDAY INC3.1%
8PAYPAL HLDGS INC3%
9PALO ALTO NETWORKS INC2.9%
Management
Fund manager group
Allianz Global Investors
Fund manager company
Allianz Global Invtrs GmbH(UK)
Fund type
Investment Trust
Fund objective
The Trust’s objective is to achieve long-term capital growth by investing principally in the equity securities of quoted technology companies on a worldwide basis.
Benchmark
  • Dow Jones World Technology Index
Investment style
None
Investment method
Shares
Fund manager
NameSinceBiography
Walter Price30/04/2007Walter Price joined RCM in 1974 and has been managing technology portfolios since 1985. He holds a BS (Hons) in electrical engineering from M.I.T. and an MS in management from the Sloan School at M.I.T. Huachen Chen holds a BS in Materials Science and Engineering from Cornel University, an MS in the same subject from Northwestern University and an MBA from University of California, Berkeley. He joined RCM in 1984 and has managed technology portfolios with Walter Price since 1990.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
Allianz Technology Trust PLC
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1266.94
CurrencyGBX
Price updated23/04/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNJIA
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Money Observer and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.