Allianz Technology Trust PLC's December 2023 update highlights the Trust's investment strategy, experienced portfolio management team, and recent accolades. The monthly fact sheet reveals a 5.65% Net Asset Value (NAV) total return, outperforming the Dow Jones World Technology Index. The outperformance was driven by bottom-up stock selection and favorable top-down allocation impacts, particularly in software and semiconductors. Notable contributors to performance included underweight positions in Microsoft Corp. and Apple Inc., and an active overweight allocation to Monolithic Power Systems, Inc. Detractors included MongoDB, Inc. and MercadoLibre, Inc. The market outlook suggests optimism for equity market recovery and earnings growth in 2024, particularly within technology, including AI and machine learning.