The power of excess capital: a new chapter in value investing
In a world where value investing often gets overshadowed by growth trends, the Allianz US Large Cap Value Fund stands out with a bold, forward-thinking approach. At its core lies the Excess Capital Yield (ECY) framework, a unique, forward-looking measure that identifies companies with the financial flexibility to create long-term value.
This strategy doesn’t just chase dividends; it seeks out the “dry powder” that management teams can use to drive sustainable growth. By evaluating ECY relative to sector peers, the investment team aims to eliminate stocks with dividend yields at risk and uncover a dynamic universe of high-quality companies capable of facilitating value creation.
By blending income, valuation, and upside potential, the fund avoids drifting from its value roots while embracing innovation. The collaboration between fundamental analysts and quantitative researcher, powered by AI tools like the proprietary XAI Dashboard, adds a layer of precision and insight that sets this fund apart. It’s value investing, reimagined for today’s dynamic markets.
A high conviction approach to US Large Cap Value investing
For investors seeking a differentiated approach to U.S. large-cap value exposure, Allianz US Large Cap Value offers a compelling proposition. Anchored by a forward-looking Excess Capital Yield (ECY) framework and supported by a collaborative research culture, the strategy is designed to deliver consistent, risk-aware performance. With a focus on quality, valuation discipline, and downside resilience, the fund aligns with long-term investment objectives and complements both growth and deep value allocations.
Fund Information and Performance
| Shareclass | W (GBP) |
| ISIN | LU2988684580 |
| Benchmark | RUSSELL 1000 VALUE INDEX GBP CAPPED RETURN NET IN GBP |
| SFDR Category | Article 81 |
| Management Company | Allianz Global Investors GmbH , Luxembourg |
| Investment Manager | Voya Investment Management Co. LLC |
| Shareclass launch date | 25.02.2025 |
| Managed by | Voya Investment Management2 |
| Minimum investment (prospectus) | 10,000,000 |
1 This fund discloses under Article 8 under SFDR: EU Sustainable Finance Disclosure Regulation. Information accurate at time of publishing. Investors should take into account all the characteristics and/ or objectives of the fund as described in its prospectus and KIID regulatory.allianzgi.com
2 Allianz Global Investors and Voya Investment Management have entered into a long-term strategic partnership, and as such, as of 25 July 2022, the investment team transferred to Voya Investment Management. This did not change the composition of the team, the investment philosophy nor the investment process.
Performance will be available after this share class has attained a 12-month track record.
Documents
Fees
|
Type
|
Basis / Max
|
levied at present
|
|---|---|---|
|
All In Fee p.a.
|
0.95 %
|
0.65 %
|
Monthly Allocations
|
Top Holdings in %
|
Share in %
|
|---|---|
|
BANK OF AMERICA CORP
|
3.29%
|
|
DUKE ENERGY CORP
|
3.25%
|
|
KENVUE INC
|
3.14%
|
|
ALPHABET INC-CL A
|
3.13%
|
|
DEERE & CO
|
3.08%
|
|
PARKER HANNIFIN CORP
|
3.03%
|
|
SALESFORCE INC
|
2.85%
|
|
AMAZON.COM INC
|
2.82%
|
|
WELLS FARGO & CO
|
2.74%
|
|
CHEVRON CORP
|
2.70%
|
|
INTERCONTINENTALEXCHANGE GRO US45865V1008
|
2.64%
|
|
ARTHUR J GALLAGHER & CO
|
2.60%
|
|
MCCORMICK & CO-NON VTG SHRS
|
2.58%
|
|
AMERICAN INTERNATIONAL GROUP
|
2.53%
|
|
JOHNSON CONTROLS INTERNATION
|
2.42%
|
|
HUMANA INC
|
2.24%
|
|
SYNCHRONY FINANCIAL
|
2.19%
|
|
AT&T INC
|
2.07%
|
|
Percent of Total Assets
|
49.30%
|
|
Country/Location Breakdown %
|
Share in %
|
|---|---|
|
USA
|
96.91%
|
|
Ireland
|
1.37%
|
|
Canada
|
1.12%
|
|
Taiwan
|
0.61%
|
|
Currency breakdown in %
|
Share in %
|
|---|---|
|
USD
|
98.88%
|
|
CAD
|
1.12%
|
|
Sector Breakdown %
|
Share in %
|
|---|---|
|
Financials
|
22.31%
|
|
Health Care
|
15.51%
|
|
Information Technology
|
12.15%
|
|
Industrials
|
9.31%
|
|
Consumer Staples
|
7.74%
|
|
Communication Services
|
7.41%
|
|
Energy
|
6.96%
|
|
Consumer Discretionary
|
6.33%
|
|
Utilities
|
5.13%
|
|
Real Estate
|
4.98%
|
|
Materials
|
2.17%
|
Experienced portfolio management team
Related Insights
Investing involves risk. The value of an investment and the income from it may fall as well as rise and investors might not get back the full amount invested. Allianz US Large Cap Value is a sub-fund of Allianz Global Investors Fund SICAV, an open-ended investment company with variable share capital organised under the laws of Luxembourg. The value of the units/shares which belong to the Unit/Share Classes of the Sub-Fund that are not denominated in the base currency may be subject to an increased volatility. The volatility of other Unit/Share Classes may be different and possibly higher. Past performance does not predict future returns. If the currency in which the past performance is displayed differs from the currency of the country in which the investor resides, then the investor should be aware that due to the exchange rate fluctuations the performance shown may be higher or lower if converted into the investor’s local currency. This is for information only and not to be construed as a solicitation or an invitation to make an offer, to conclude a contract, or to buy or sell any securities. The products or securities described herein may not be available for sale in all jurisdictions or to certain categories of investors. This is for distribution only as permitted by applicable law and in particular not available to residents and/or nationals of the USA. The investment opportunities described herein do not take into account the specific investment objectives, financial situation, knowledge, experience or specific needs of any particular person and are not guaranteed. The Management Company may decide to terminate the arrangements made for the marketing of its collective investment undertakings in accordance with applicable de-notification regulation. The views and opinions expressed herein, which are subject to change without notice, are those of the issuer companies at the time of publication. The data used is derived from various sources, and assumed to be correct and reliable at the time of publication. The conditions of any underlying offer or contract that may have been, or will be, made or concluded, shall prevail. The duplication, publication, or transmission of the contents, irrespective of the form, is not permitted; except for the case of explicit permission by Allianz Global Investors GmbH.
For investors in the United Kingdom
This Fund is authorised overseas, but not in the United Kingdom. This fund is domiciled in Luxemburg and is authorised by the Commission de Surveillance du Secteur Financier (CSSF). The fund is recognised in the UK under the Overseas Funds Regime but is not a UK authorised fund. The fund is managed by Allianz Global Investors GmbH which is domiciled in Germany and is authorised by Bundesanstalt für Finanzdienstleistungsaufsicht (www.bafin.de). The Financial Ombudsman Service is unlikely to be able to consider complaints related to the scheme, its operator or its depositary. Investors in the United Kingdom can submit a complaint about any of the Funds, the Management Company, or the Depositary to the Facilities Agent (Allianz Global Investors UK Limited). A copy of the Management Company’s complaints process leaflet is available on request from the Facilities Agent. Please see the prospectus of the Fund for information on applicable alternative resolution schemes applicable to UK Investors. Any claims for losses relating to the operator and the depositary of the scheme are unlikely to be covered under the UK’s Financial Services Compensation Scheme. Neither the Management Company nor any of the recognised schemes participates in a compensation scheme. The Depositary participates in compensation schemes and Investors may potentially be able to claim compensation if the Depositary was unable to meet its obligations to return money to the Investor. A prospective investor should consider getting financial advice before deciding to invest and should see the prospectus of the Fund for more information. For a free copy of the sales prospectus, incorporation documents, daily fund prices, Key Investor Information Document, latest annual and semi-annual financial reports, contact the Facilities Agent or the issuer at the addresses indicated below or regulatory.allianzgi.com. Please read these documents, which are solely binding, carefully before investing.
This is a marketing communication issued by Allianz Global Investors GmbH and approved by Allianz Global Investors UK Limited, 199 Bishopsgate, London, EC2M 3TY, www.allianzglobalinvestors.co.uk. Allianz Global Investors UK Limited (FRN 959195) is authorised and regulated by the Financial Conduct Authority (www.fca.org.uk). Allianz Global Investors GmbH's registered office is Bockenheimer Landstrasse 42-44, 60323 Frankfurt/M. The Summary of Investor Rights is available in English, French, German, Italian and Spanish at https://regulatory.allianzgi.com/en/investors-rights.The duplication, publication, or transmission of the contents, irrespective of the form, is not permitted; except for the case of explicit permission by Allianz Global Investors GmbH.