The Luxembourg-domiciled Sicav was launched in May last year and is managed by Doug Forsyth, based in San Diego.
He uses a bottom-up research process which is focused on US and Canadian companies and, along with his team, manages more than $6bn in US income and growth strategies.
The fund applies what Allianz GI terms a "three-sleeve approach", investing in high yield securities, convertibles and equities with covered call options.
Through this it aims to provide high, stable current income, long-term capital growth and an asymmetric risk/reward profile.
Forsyth said: "High yield and convertible bonds have a favourable risk/return profile relative to other asset classes and have provided strong performance in rising interest rate environments delivering diversification benefits from core fixed income.
"Through investing in equities, the strategy aims to uncover companies that are exceeding expectations, providing investors with the potential for growth."
Over three years the strategy has produced an annualised return of 21.2% compared with a 14.1% annualised return by the S&P 500, according to data from Allianz GI to 31 December.
