Manager firm
Allianz Global Investors
Manager(s)
Mike Seidenberg, Erik Swords
Structure
investment_trust
AIC sector
Technology & Technology Innovation
Domicile
United Kingdom
Base currency
GBP
Launched
1995-12-01
Latest factsheet
2026-02-28
Snapshot date
2025-08-31
Share price
693.00p
NAV / share
739.63p2026-06-10
Premium / discount
-6.30%
Fund size
£2.05bn
OCF
0.62%
Performance fee
—
Gearing
—
Dividend yield
—
| Period | Return | Benchmark | Vs |
|---|---|---|---|
| 3m | 2.1% | -1.6% | +3.7pp |
| 6m | 16.0% | 11.7% | +4.3pp |
| 1y | 33.3% | 22.6% | +10.7pp |
| 3y | 137.9% | 118.1% | +19.8pp |
| 5y | 94.5% | 124.1% | -29.6pp |
| # | Holding | Sector | Country | Weight |
|---|---|---|---|---|
| 1 | Nvidia | — | — | 9.7% |
| 2 | Alphabet | — | — | 9.3% |
| 3 | Apple | — | — | 6.9% |
| 4 | Taiwan Semiconductor | — | — | 6.7% |
| 5 | Microsoft | — | — | 6.5% |
| 6 | Broadcom | — | — | 5.0% |
| 7 | Lam Research | — | — | 4.6% |
| 8 | Micron Technology | — | — | 4.3% |
| 9 | Meta | — | — | 4.3% |
| 10 | KLA Tencor | — | — | 3.2% |
| Information Technology | 95.4% | |
| Industrials | 2.1% | |
| Consumer Discretionary | 1.6% | |
| Cash | 0.8% |
| North America | 89.9% | |
| Far East & Pacific | 9.3% | |
| Cash | 0.8% |
| 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's Net Asset Value (NAV) total return was -0.99% in February, compared to the Dow Jones World Technology Index return of -0.78% in GBP. February was a turbulent month for global equity markets, with stocks advancing after the U.S. Supreme Court overturned the Trump administration's emergency tariffs, while an evolving situation in the Middle East buffeted sentiment. There was a significant market rotation within technology which saw capital concentrate in artificial intelligence (AI)-driven hardware and semiconductors while software and cybersecurity equities faced a "proof-of-value" phase and valuation pressures. Communications equipment and technology hardware stocks advanced, while IT services, interactive media and services as well as software stocks declined. Monthly relative performance was aided by an active overweight allocation in electronic equipment and positive stockpicking in semiconductors and communications equipment industries. This was offset by a below-benchmark weight in technology hardware as well as exposure to capital markets and short-term stockpicking in software.
Manager firm
Allianz Global Investors
Manager(s)
Mike Seidenberg, Erik Swords
Structure
investment_trust
AIC sector
Technology & Technology Innovation
Domicile
United Kingdom
Base currency
GBP
Launched
1995-12-01
Latest factsheet
2026-02-28
Snapshot date
2025-08-31
Share price
693.00p
NAV / share
739.63p2026-06-10
Premium / discount
-6.30%
Fund size
£2.05bn
OCF
0.62%
Performance fee
—
Gearing
—
Dividend yield
—
| Period | Return | Benchmark | Vs |
|---|---|---|---|
| 3m | 2.1% | -1.6% | +3.7pp |
| 6m | 16.0% | 11.7% | +4.3pp |
| 1y | 33.3% | 22.6% | +10.7pp |
| 3y | 137.9% | 118.1% | +19.8pp |
| 5y | 94.5% | 124.1% | -29.6pp |
| # | Holding | Sector | Country | Weight |
|---|---|---|---|---|
| 1 | Nvidia | — | — | 9.7% |
| 2 | Alphabet | — | — | 9.3% |
| 3 | Apple | — | — | 6.9% |
| 4 | Taiwan Semiconductor | — | — | 6.7% |
| 5 | Microsoft | — | — | 6.5% |
| 6 | Broadcom | — | — | 5.0% |
| 7 | Lam Research | — | — | 4.6% |
| 8 | Micron Technology | — | — | 4.3% |
| 9 | Meta | — | — | 4.3% |
| 10 | KLA Tencor | — | — | 3.2% |
| Information Technology | 95.4% | |
| Industrials | 2.1% | |
| Consumer Discretionary | 1.6% | |
| Cash | 0.8% |
| North America | 89.9% | |
| Far East & Pacific | 9.3% | |
| Cash | 0.8% |
| 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's Net Asset Value (NAV) total return was -0.99% in February, compared to the Dow Jones World Technology Index return of -0.78% in GBP. February was a turbulent month for global equity markets, with stocks advancing after the U.S. Supreme Court overturned the Trump administration's emergency tariffs, while an evolving situation in the Middle East buffeted sentiment. There was a significant market rotation within technology which saw capital concentrate in artificial intelligence (AI)-driven hardware and semiconductors while software and cybersecurity equities faced a "proof-of-value" phase and valuation pressures. Communications equipment and technology hardware stocks advanced, while IT services, interactive media and services as well as software stocks declined. Monthly relative performance was aided by an active overweight allocation in electronic equipment and positive stockpicking in semiconductors and communications equipment industries. This was offset by a below-benchmark weight in technology hardware as well as exposure to capital markets and short-term stockpicking in software.
