Questions about Allianz Strategic Bond

poto

Hi, I would like to hear your expert opinions about the Allianz Strategic Bond (GB00B06T9362), in particular:

• It has sky-rocketed during the most recent crisis, any particular reason for that?
• Is it worth adding to the defensive (equity uncorrelated) part of a portfolio, or has it became expensive and therefore it's too late?
• Overall, do you reckon it's a "good" fund?

Many thanks

[Deleted User]

Explanation here https://portfolio-adviser.com/coronavirus-sector-review-allianz-shines-in-mixed-bag-of-ia-sterling-strategic-bond-funds/

poto

Thanks @Deleted_User.
So it looks like the out-performance was likely due to the managers putting in place hedges and options before the sell-off (which have paid off quite nicely), rather than to the (quality of the) mix of bonds held in the portfolio.