Allianz Technology Trust (ATT) Overview

What is Allianz Technology Trust?

Allianz Technology Trust (ATT) aims for long-term capital growth by investing mainly in the shares of listed technology companies around the world. It is run day-to-day by the Global Technology team at Voya Investment Management in San Francisco, led by Mike Seidenberg, who has worked on the trust since 2009. Allianz Global Investors remains the trust's AIFM (Alternative Investment Fund Manager – the firm legally responsible for running it), and handles admin, company secretarial duties and marketing.

Why is it rated by Boring Money?

This is a large and well-respected Trust which holds listed technology shares, the majority of which are in the US.

Although many of the names are familiar tech stocks (Nvidia, Microsoft and Alphabet), the Trust is an active stock picker and is overweight in firms such as Atlassian Corp and Service Now. There are about 50 holdings in the Trust.

The Trust is run by a specialist team out of San Francisco. Performance has been notably strong over the last 12 months.

Holly MackayCEO and Founder, Boring Money

How has ATT performed?

All data herein is sourced from FE fundinfo and is correct as at end August 2026. Boring Money is not responsible for any data discrepancies.

Why look at it now?

Technology is where much of the world's investment is flowing, with huge sums going into data centres and the infrastructure behind AI. ATT's managers argue that simply tracking a tech index means betting heavily on a handful of giant companies, and that an active manager can also find the next wave of winners in areas like semiconductors and AI software. Over the past year that has paid off: the share price rose 54.6% against 38.8% for its benchmark, the Dow Jones World Technology IndexA US stock market index that tracks 30 large, well-known American companies — like Apple, Boeing, and Coca-Cola. It's used as a quick gauge of how the US stock market is performing. When the Dow rises, it generally means investor confidence is up. When it falls, the opposite is true. It's one of the world's oldest and most-quoted indices, though the S&P 500 — which covers 500 companies — is often considered a more complete picture of the US market..

What is the risk rating for Allianz Technology Trust?

We rank this at 5/5 on our chilli scale for riskFor a guide on how spicy any trust is, we use FE fundinfo’s Risk Score and sort the trusts into one of our 5 chilli bands. Cash would be no chilli. A non-volatile smooth trust would be 1 or 2. The FTSE 100 would clock in as 4 chillies. Anything very volatile and spicy is a 5..

This is a concentrated bet on one sector and, largely, one country. Over 94% is in information technology and 90% in North America, so it will move with the fortunes of big US tech. Tech companies compete hard on price and their products can quickly become obsolete, which makes returns more volatileDescribes the price movement of an investment or index. High volatility indicates frequent and significant price movement, whereas low volatility denotes less frequent or severe fluctuations in price.. Most of the assets are priced in dollars, so if the pound strengthens, your returns take a hit. The downside can be sharp: in the 12 months to August 2022, the share price fell 25.7%. There is also a performance fee on top of the ongoing charge. Best held for the long term as part of a diversifiedThe process of spreading your investment portfolio across different asset classes, such as partially in shares and partially in bonds, in order to reduce risk. portfolio.

Where does Allianz Technology Trust invest?

Geography: North America 90.0% | Far East & Pacific 8.5% | Europe ex UK 0.5% | Cash 1.0%

What sectors does Allianz Technology Trust invest in?

ATT is almost entirely focused on technology, leaning heavily towards the giants, with 78% of its portfolio being in companies worth more than $100bn.

What are the top holdings?

ATT's biggest positions read like a who's who of global tech. Nvidia is the largest holding at 9.5%, followed by Microsoft and Alphabet (Google's parent company), and the top three together make up just over 24% of the portfolio. Chipmakers and chip-equipment firms feature heavily: Nvidia, Broadcom, Taiwan Semiconductor, Micron and Lam Research account for nearly 28% between them. The top ten holdings add up to 53.4%, with the rest spread across software, cybersecurity and other tech names.

Source: Allianz Technology Trust as at 31/08/2026

What are the key facts? 

Source: Allianz Technology Trust as at 31/08/2026