Manager firm
Allianz Global Investors
Manager(s)
Mike Seidenberg, Erik Swords
Structure
Technology & Technology Innovation
AIC sector
Technology & Technology Innovation
Domicile
United Kingdom
Base currency
GBP
Launched
1995-12-01
Latest factsheet
2026-09-30
Snapshot date
2025-08-31
Share price
648.84p
NAV / share
695.29p2026-11-02
Premium / discount
-6.68%
Fund size
£2.65bn
OCF
0.62%
Performance fee
—
Gearing
—
Dividend yield
—
| Period | Return | Benchmark | Vs |
|---|---|---|---|
| 3m | 2.5% | 4.6% | -2.1pp |
| 6m | 52.1% | 39.5% | +12.6pp |
| 1y | 54.8% | 36.8% | +18.0pp |
| 3y | 194.8% | 139.1% | +55.7pp |
| 5y | 159.2% | 158.9% | +0.3pp |
| # | Holding | Sector | Country | Weight |
|---|---|---|---|---|
| 1 | Nvidia | — | — | 9.5% |
| 2 | Microsoft | — | — | 7.2% |
| 3 | Alphabet | — | — | 6.9% |
| 4 | Taiwan Semiconductor | — | — | 6.2% |
| 5 | Broadcom | — | — | 5.4% |
| 6 | Apple | — | — | 5.3% |
| 7 | Micron Technology | — | — | 3.8% |
| 8 | Meta | — | — | 3.8% |
| 9 | Advanced Micro Devices | — | — | 3.1% |
| 10 | Lam Research | — | — | 2.9% |
| Information Technology | 95.7% | |
| Industrials | 2.6% | |
| Consumer Discretionary | 0.8% | |
| Cash | 0.8% | |
| Financials | 0.2% |
| North America | 90.4% | |
| Far East & Pacific | 8.4% | |
| Cash | 0.8% | |
| Europe ex UK | 0.4% |
| Portfolio yield | 0.43% |
| Unlisted holdings | — |
| Cash & equivalents | 1.32% |
| Total assets | £1.87bn |
| Revenue reserves | £0 |
| Net gearing | 0.00% |
| Gross gearing | 0.00% |
| Net cash | £0 |
| Gearing range (from) | — |
| Gearing range (to) | — |
| Shares in issue | 371,416,263 |
| Shares issued | 0 |
| Shares purchased | 1,491,943 |
| Treasury shares | 57,340,417 |
Allianz Technology Trust was higher in September, outperforming the benchmark on both a grass- and net-of-fees relative basis. Allianz Technology Trust's Net Asset Value (NAV) total return was 8.17% in September, compared to the Dow Jones World Technology Index return of 6.6% in GBP. Global equities remained under pressure in September, with the MSCI All Country World Index (ACWI) retreating as the Iran conflict expanded to Yemen and Saudi Arabia, raising concerns about energy supply disruptions. Meanwhile, continued volatility in artificial intelligence-related stocks saw technology shares rebound after an earlier sell-off, sparked by warnings from industry leaders about AI's potential risks and calls to slow its development. Within technology, semiconductors, interactive media, and technology hardware stocks posted mid-single-digit gains, while communications equipment and information technology services were among the industry underperformers for the month. Monthly relative performance was led by bottom-up stockpicking, particularly in software and IT services, which offset overweight allocations within each segment, while modest exposure to broadline retail and consumer finance stocks offset relative performance in September.
Manager firm
Allianz Global Investors
Manager(s)
Mike Seidenberg, Erik Swords
Structure
Technology & Technology Innovation
AIC sector
Technology & Technology Innovation
Domicile
United Kingdom
Base currency
GBP
Launched
1995-12-01
Latest factsheet
2026-09-30
Snapshot date
2025-08-31
Share price
648.84p
NAV / share
695.29p2026-11-02
Premium / discount
-6.68%
Fund size
£2.65bn
OCF
0.62%
Performance fee
—
Gearing
—
Dividend yield
—
| Period | Return | Benchmark | Vs |
|---|---|---|---|
| 3m | 2.5% | 4.6% | -2.1pp |
| 6m | 52.1% | 39.5% | +12.6pp |
| 1y | 54.8% | 36.8% | +18.0pp |
| 3y | 194.8% | 139.1% | +55.7pp |
| 5y | 159.2% | 158.9% | +0.3pp |
| # | Holding | Sector | Country | Weight |
|---|---|---|---|---|
| 1 | Nvidia | — | — | 9.5% |
| 2 | Microsoft | — | — | 7.2% |
| 3 | Alphabet | — | — | 6.9% |
| 4 | Taiwan Semiconductor | — | — | 6.2% |
| 5 | Broadcom | — | — | 5.4% |
| 6 | Apple | — | — | 5.3% |
| 7 | Micron Technology | — | — | 3.8% |
| 8 | Meta | — | — | 3.8% |
| 9 | Advanced Micro Devices | — | — | 3.1% |
| 10 | Lam Research | — | — | 2.9% |
| Information Technology | 95.7% | |
| Industrials | 2.6% | |
| Consumer Discretionary | 0.8% | |
| Cash | 0.8% | |
| Financials | 0.2% |
| North America | 90.4% | |
| Far East & Pacific | 8.4% | |
| Cash | 0.8% | |
| Europe ex UK | 0.4% |
| Portfolio yield | 0.43% |
| Unlisted holdings | — |
| Cash & equivalents | 1.32% |
| Total assets | £1.87bn |
| Revenue reserves | £0 |
| Net gearing | 0.00% |
| Gross gearing | 0.00% |
| Net cash | £0 |
| Gearing range (from) | — |
| Gearing range (to) | — |
| Shares in issue | 371,416,263 |
| Shares issued | 0 |
| Shares purchased | 1,491,943 |
| Treasury shares | 57,340,417 |
Allianz Technology Trust was higher in September, outperforming the benchmark on both a grass- and net-of-fees relative basis. Allianz Technology Trust's Net Asset Value (NAV) total return was 8.17% in September, compared to the Dow Jones World Technology Index return of 6.6% in GBP. Global equities remained under pressure in September, with the MSCI All Country World Index (ACWI) retreating as the Iran conflict expanded to Yemen and Saudi Arabia, raising concerns about energy supply disruptions. Meanwhile, continued volatility in artificial intelligence-related stocks saw technology shares rebound after an earlier sell-off, sparked by warnings from industry leaders about AI's potential risks and calls to slow its development. Within technology, semiconductors, interactive media, and technology hardware stocks posted mid-single-digit gains, while communications equipment and information technology services were among the industry underperformers for the month. Monthly relative performance was led by bottom-up stockpicking, particularly in software and IT services, which offset overweight allocations within each segment, while modest exposure to broadline retail and consumer finance stocks offset relative performance in September.
