- The Fund aims at long term income and capital growth by investing in a broad range of asset classes, in particular in global equity and global bond markets.
- The Fund is exposed to significant risks of investment/general market, asset allocation, company-specific, emerging market, geographical concentration, creditworthiness/credit rating/downgrading, interest rate, default, valuation, volatility and liquidity, currency (such as exchange controls, in particular RMB), and the adverse impact on RMB share classes due to currency depreciation.
- The Fund may invest in high-yield (non-investment grade and unrated) investments and convertible bonds which may subject to higher risks, such as volatility, loss of principal and interest, creditworthiness and downgrading, default, interest rate, general market and liquidity risks and therefore may adversely impact the net asset value of the Fund. Convertibles bonds may also expose to risks such as prepayment, equity movement, and greater volatility than straight bond investments.
- The Fund may invest in financial derivative instruments (“FDI”) which may expose to higher leverage, counterparty, liquidity, valuation, volatility, market and over the counter transaction risks. The Fund’s net derivative exposure may be up to 50% of the Fund’s net asset value.
- This investment may involve risks that could result in loss of part or entire amount of investors’ investment.
- In making investment decisions, investors should not rely solely on this material.
Note: Dividend payments may, at the sole discretion of the Investment Manager, be made out of the Fund’s capital or effectively out of the Fund’s capital which represents a return or withdrawal of part of the amount investors originally invested and/or capital gains attributable to the original investment. This may result in an immediate decrease in the NAV per share and the capital of the Fund available for investment in the future and capital growth may be reduced, in particular for hedged share classes for which the distribution amount and NAV of any hedged share classes (HSC) may be adversely affected by differences in the interests rates of the reference currency of the HSC and the base currency of the Fund, particularly if such HSC are applying the IRD Neutral Policy.
The Allianz Global Income is a multi-asset fund and client solution that aims to provide a diversified way to seek potential income and capital appreciation while attempting to moderate downside risk relative to an equity-only investment.
It is a multi-asset fund with a targeted allocation to global equities, global convertible securities, global investment grade and high-yield corporate bonds. It aims to provide a diversified way to seek income and capital appreciation while attempting to moderate downside risk relative to pure equity investment.
Global Equities:
On a relative valuation basis, non-US equities appear inexpensive compared to US equities
Global Convertible Securities:
An asymmetric risk/reward return profile – potential for upside participation and lesser downside risk
Global High-Yield Corporate Bonds:
Competitive total return potential and a high coupon to cushion bond price volatility
Global Investment Grade Corporate Bonds:
Stable income with limited default risk
Historically, the performance of asset classes can vary during different market conditions. Having a diversified portfolio investing in global equities, global convertible securities, global high-yield corporate bonds, and global investment grade corporate bonds can be beneficial during periods of economic uncertainty.
EQ=Equity; CB=Convertible Securities; HY=High-Yield Coporate Bonds; IG=Investment Grade Bond
Morningstar. Data as of June 2025. HY – ICE BofA Global High Yield Index (Local); CB – ICE BofA Global 300 Convertible Index; EQ – MSCI World NR Index; IG – ICE BofA Global Corporate Index. Past performance does not predict future returns.
Morningstar. Data as of June 2025. HY – ICE BofA Global High Yield Index (Local); CB – ICE BofA Global 300 Convertible Index; EQ – MSCI World NR Index; IG – ICE BofA Global Corporate Index. Past performance does not predict future returns.
In addition, investing in asset classes that demonstrate low correlation to one another may help enhance diversification and reduce portfolio volatility, hence, improving the risk-reward profile of the portfolio.
Morningstar. Date from July 2005 to June 2025. Global HY Corp: ICE BofA Global High Yield Index (Local); Global Convertibles: ICE BofA Global 300 Convertible Index; Global Equities: MSC World NR Index; Global IG Corp: ICE BofA Global Corporate Index; US Equities: S&P 500 Index. Past performance does not predict future returns.
The Fund focuses on a diversified way to seek income and capital appreciation while attempting to moderate downside risk.
Source: Voya Investment Management as of December 2023. This is for guidance only and not indicative of future allocation. The actual asset allocation may vary materially and will depend on availability of assets and current market conditions.
The investment team follows a disciplined, bottom-up research process which seeks to identify companies that will benefit from positive sustainable change. After confirmation of a company’s fundamentals, the investment team analyzes the company’s capital structure and evaluates each investable security. The team then selects the investment expected to provide the best total return opportunity, depending on the current market environment, while balancing the goals of the strategy.
