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28 February 2018
Singapore Product Highlights Sheet
Allianz Global Investors FundSociété d’Investissement à Capital Variable
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Table Of Contents
Page No.Allianz All China Equity 1Allianz American Income 6Allianz Asia Pacific Equity 11Allianz Asian Multi Income Plus 16Allianz Best Styles Emerging Markets Equity 21Allianz Best Styles Euroland Equity 26Allianz Best Styles Global Equity 30Allianz China Equity 34Allianz China Multi Income Plus 39Allianz China Strategic Bond 45Allianz Discovery Europe Opportunities 50Allianz Dynamic Asian High Yield Bond 55Allianz Dynamic Asian Investment Grade Bond 60Allianz Emerging Asia Equity 64Allianz Emerging Markets Select Bond 68Allianz Emerging Markets Short Duration Defensive Bond 73Allianz Enhanced Short Term Euro 77Allianz Euro High Yield Bond 82Allianz Euroland Equity Growth 87Allianz Europe Conviction Equity 91Allianz Europe Equity Growth 95Allianz Europe Equity Growth Select 99Allianz Europe Income and Growth 103Allianz European Equity Dividend 108Allianz Flexi Asia Bond 112Allianz GEM Equity High Dividend 117Allianz Global Agricultural Trends 121Allianz Global Artificial Intelligence 125Allianz Global Bond 129Allianz Global Credit 134Allianz Global Dividend 138Allianz Global Equity 142Allianz Global Equity Insights 146Allianz Global Equity Unconstrained 151Allianz Global Fundamental Strategy 155Allianz Global High Yield 160Allianz Global Hi-Tech Growth 164Allianz Global Metals and Mining 168Allianz Global Multi-Asset Credit 172Allianz Global Small Cap Equity 177Allianz Global Sustainability 181Allianz High Dividend Asia Pacific Equity 185Allianz Hong Kong Equity 189Allianz Income and Growth 194Allianz India Equity 199Allianz Indonesia Equity 203Allianz Japan Equity 207Allianz Korea Equity 211Allianz Little Dragons 215Allianz Oriental Income 220Allianz Renminbi Fixed Income 225Allianz Selective Global High Yield 230Allianz Short Duration Global Real Estate Bond 234Allianz Target Maturity Bond - Asia 238Allianz Thailand Equity 242Allianz Tiger 246Allianz Total Return Asian Equity 251Allianz US Equity Dividend 256Allianz US Equity Fund 260Allianz US Equity Plus 264Allianz US High Yield 268Allianz US Short Duration High Income Bond 273Allianz US Small Cap Equity 278
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Prepared on: 8/1/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.ALLIANZ ALL CHINA EQUITY
Product Type Collective Investment Scheme
Launch Date 5 December 2017
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Daywhich is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
Not available
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation and/or
above-average participation in price changes;o have advanced knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer to Section5.1 of theProspectus for furtherinformation onproductsuitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth by investing in onshore and offshore PRC, Hong Kong and Macau equity markets.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”,you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer toSections 1, 2, 5and 17.1 of theProspectus for furtherinformation onfeatures of theproduct.
Investment Strategy• A minimum of 70% of Fund assets are invested in onshore and offshore PRC, Hong
Kong and Macau equity markets.• Fund assets may be invested in Emerging Markets.• A maximum of 100% of Fund assets may be invested into the China A-Shares
market either directly through Stock Connect or indirectly through eligible instruments.
Refer to Section 5 of theProspectus for further information on the investment strategy of the
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961 oraccessible at sg.allianzgi.com or from any of our appointed distributors.
Allianz All China Equity
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• A maximum of 69% of Fund assets may be invested via RQFII.• The Fund may invest in financial derivative instruments for efficient
portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
product.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”).• The Management Company is Allianz Global Investors GmbH.• The Investment Manager is Allianz Global Investors Asia Pacific Limited.• The Investment Advisor is Allianz Global Investors Singapore Limited.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer toSections 1, 3 and 4.4 of theProspectus for further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer to Section 7 of theProspectus for further information onrisks of the product.
Market and Credit Risks• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to currency risk.o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
• You may be exposed to country and region risk in the PRC, Hong Kong and Macau.o The Fund’s investments focus on the PRC, Hong Kong and Macau, which may
increase the concentration risk. Consequently, the Fund is particularly susceptible to the adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event or development in and risks of this region, or of companies based and / or operating in this region.
• You may be exposed to emerging markets risk.o The Fund invests in emerging markets which are subject to greater liquidity
risk, currency risk, general market risk, settlement risk and custodial risk. The legal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus.• Your right to redemption may be deferred or suspended under certain
circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.
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Product-Specific Risks• You may be exposed to company-specific risk.o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital you
should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• You may be exposed to the risk of investing in China A-Shares.o The Fund assets may be invested in China A-Shares. The securities market in
the PRC, including China A-Shares, may be more volatile and unstable (for example, due to the risk of suspension/limitation in trading of a particular stock or government intervention) than markets in more developed countries and has potential settlement difficulties. This may result in significant fluctuations in the prices of securities traded in such market and thereby affecting the prices of shares of the Fund.
• You may be exposed to PRC tax risk.o It is possible that the current tax laws, regulations and practices in the PRC
will change (which may have retrospective effect). Any increased tax liabilities on the Fund may adversely affect the Fund’s value.
o If no or inadequate provision for potential withholding tax is made and in the event that the PRC tax authorities enforce the imposition of such withholding tax, the net asset value of the Fund may be adversely affected. Depending on the timing of their subscriptions and/or redemptions, investors may be disadvantaged as a result of any shortfall of tax provision.
• You may be exposed to RMB currency risk.o The Fund may invest in assets denominated in offshore and onshore RMB.
The RMB traded in the PRC is not freely convertible and is subject to exchange control policies and restrictions imposed by the PRC authorities. Restrictions on repatriation of RMB out of the PRC may limit the depth of the RMB market available outside of the PRC, and thereby may reduce the liquidity of the Fund. The RMB may be subject to devaluation, in which case the value of the investments in RMB assets will be adversely affected. Furthermore although offshore RMB and onshore RMB are the same currency, they are traded on different and separate markets and as such, their values could differ and their exchange rates may not move in the same direction.
• You may be exposed to RQFII regime risk.o Investments via the RQFII scheme are subject to risks such as regulatory
risks, quota risks, limits on redemption, PRC depositary risks and PRC broker risks.
• You may be exposed to the risks of using Stock Connect programmes.o The regulations relating to the Stock Connect programmes are untested and
subject to change which may have potential retrospective effect. There is no certainty as to how they will be applied.
o The Fund will also be subject to other risks in connection with its investments in China A-Shares via Stock Connect programmes such as regulatory risks, taxation risk and RMB currency risk in relation to Stock Connect programmes.
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
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FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):Subscription Fee Up to 5%Redemption Fee/ Disinvestment Fee
Currently NIL
Conversion Fee Up to 5% Additional fees may be payable to Singapore distributors.Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage depends
on the relevant share class):All-in-Fee Up to 2.25% p.a.
The fees and expenses of the investment manager, central administration agentand depositary will be covered by the All-in-Fee payable to the Management Company.
Refer to Section 6 of theProspectus for further information onfees andcharges.
VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors may,
at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative before
5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable.
Refer to Sections 8.8, 11and 9 of the Prospectus for further information on valuation and exiting from the product.
CONTACT INFORMATIONHOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
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APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
PRC : Means the People’s Republic of China, excluding the Hong Kong Special Administrative Region, the Macau Special Administrative Region and Taiwan.
RMB : Means the Chinese Renminbi, the official currency of the PRC and, unless the context otherwise requires, the term “RMB” refers to offshore Chinese Renminbi (“CNH”) traded offshore in Hong Kong or markets outside the PRC and not to onshore Chinese Renminbi (“CNY”).
RQFII : Means a Renminbi qualified foreign institutional investor under the RQFII regulations.
Stock Connect : Means the program which aims to achieve mutual stock market access between PRC and Hong Kong.
Valuation/Dealing Day
: Means each day on which banks and exchanges in Luxembourg, Hong Kong and PRC are open for business.
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Allianz American Income
Prepared on: 28/2/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.
ALLIANZ AMERICAN INCOMEProduct Type Collective
Investment SchemeLaunch Date 1 March 2017
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
1.332%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:
o pursue the objective of general capital formation/asset optimisation;o have basic knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer to Section5.1 of the Prospectus for further information on product suitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in
Luxembourg that aims to provide long term capital growth and income by investing in debt securities of American bond markets with a focus on the US bond market.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/ “Mg”,you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer to Sections 1, 2, 5 and 17.1 of the Prospectus for further information on features of the product.
Investment Strategy• Fund assets are primarily invested in debt securities of American bond
markets.• (until 28 March 2018) A minimum of 70% of Fund assets are invested in debt
securities from the US and/or from companies which are constituents of either
Refer to Section 5 of the Prospectus for further
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961or accessible at sg.allianzgi.com or from any of our appointed distributors.2 Annualised figure.
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the Merrill Lynch U.S. Corporate Master Index or the Merrill Lynch U.S. High Yield Master II Index.
• (as of 29 March 2018) A minimum of 70% of Fund assets are invested in debt securities from the US and/or from companies which are constituents of either the ICE BofAML U.S. Corporate Master Index or the ICE BofAML U.S. High Yield Master II Index.
• A maximum of 60% of Fund assets may be invested in High-Yield InvestmentsType 2.
• A maximum of 30% of Fund assets may be invested in Emerging Markets.• A maximum of 30% of Fund assets may be invested in convertible debt
securities.• On a temporary basis for liquidity management and/or defensive purpose
and/or any other exceptional circumstances, and if the Investment Manager considers it in the best interest of the Fund, up to 100% of Fund assets may be held in deposits and/or invested directly in money market instruments and (up to 10% of Fund assets) in money market funds.
• The Fund may conduct securities lending transactions, over-the-counter (“OTC”) based repurchase and/or reverse repurchase transactions and similar OTC transactions in aggregate for up to 50% of the Fund’s assets.
• The Fund may invest in financial derivative instruments for efficient portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
information on the investment strategy of the product.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”).• The Management Company is Allianz Global Investors GmbH.• The Investment Manager is Allianz Global Investors U.S. LLC.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer to Sections1, 3 and 4.4 of the Prospectus for further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer to Section 7 of the Prospectus for further information on risks of the product.
Market and Credit Risks• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to currency risk.o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
• You may be exposed to issuer default risk.o The issuer of securities held by the Fund may become insolvent causing its
inability to fulfill his payment obligations in a full and timely manner and causing such issued assets to become economically worthless.
• You may be exposed to creditworthiness risk.
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o The creditworthiness (ability to pay) of the issuer of an asset held by the Fund may fall. This usually leads to a decrease in the price of the asset greater than that caused by general market fluctuations.
• You may be exposed to volatility and liquidity risk.o Investments in securities in certain developing markets may be subject to
higher volatility and lower liquidity compared to more developed markets.• You may be exposed to sovereign debt risk.o The Fund’s investment in interest-bearing securities issued or guaranteed
by governments may be exposed to political, social and economic risks. The sovereign issues may not be able or willing to repay the principal and/or interest or may request the Fund to participate in rescheduling such debts. The Fund may suffer significant losses when there is a default of sovereign debt issuers.
• You may be exposed to country risk in the US.o The Fund’s investments focus on the US, which may increase the
concentration risk. Consequently, the Fund is particularly susceptible to the adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event or development in and risks of this country, or of companies based and / or operating in this country.
Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus.• Your right to redemption may be deferred or suspended under certain
circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.Product-Specific Risks
• You may be exposed to the risk of interest rate changes.o If market interest rates rise, the value of the interest-bearing assets held by
the Fund may decline substantially. This applies to an even greater degree if the Fund also holds interest-bearing securities with a longer time to maturity and a lower nominal interest rate.
• You may be exposed to downgrading risk.o The credit rating of interest bearing securities held by the Fund may be
downgraded. The Fund may or may not be able to dispose of the securities that are being downgraded. This may lead to a fall in the net asset value of the Fund.
• You may be exposed to the risk of investing in high-yield investments and convertible bonds.o Investing in high-yield investments is normally associated with increased
creditworthiness risk, risk of interest rate changes, general market risk, company-specific risk and liquidity risk.
o Investing in convertible bonds is normally associated with increased creditworthiness risk, risk of default, risk of interest rate changes, prepayment risk, general market risk and liquidity risk.
• You may be exposed to valuation risk.o Valuation of the Fund assets may involve uncertainties and judgmental
determinations. If such valuation turns out to be incorrect, this may affect the net asset value calculation of the Fund.
• You may be exposed to credit rating risk.o Credit ratings assigned by rating agencies are subject to limitations and do
not guarantee the creditworthiness of the security and/or issuer at all times.• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk relating to distribution out of capital.
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o If you invest in a share class which provides for distributions out of capital you should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• You may be exposed to RMB currency risk.o The Fund may invest in assets denominated in offshore and onshore RMB.
The RMB traded in the PRC is not freely convertible and is subject to exchange control policies and restrictions imposed by the PRC authorities. Restrictions on repatriation of RMB out of the PRC may limit the depth of the RMB market available outside of the PRC, and thereby may reduce the liquidity of the Fund. The RMB may be subject to devaluation, in which case the value of the investments in RMB assets will be adversely affected. Furthermore although offshore RMB and onshore RMB are the same currency, they are traded on different and separate markets and as such, their values could differ and their exchange rates may not move in the same direction.
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class): Subscription Fee Up to 5% Redemption Fee/ Disinvestment Fee Currently NIL Conversion Fee Up to 5% Additional fees may be payable to Singapore distributors.
Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage depends
on the relevant share class):All-in-Fee Up to 1.50% p.a.
The fees and expenses of the investment manager, central administration agentand depositary will be covered by the All-in-Fee payable to the Management Company.
VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors
may, at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
Refer to Sections8.9, 11 and 9 of the Prospectusfor further information on valuation and exiting from the product.
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• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable. CONTACT INFORMATION
HOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
High-Yield InvestmentsType 2
: Means an investment in debt securities which at the time of acquisition has a rating of between BB+ and B- (inclusive) (Standard & Poor’s and Fitch) or of between Ba1 and B3 (inclusive) (Moody’s) or the equivalent by another rating agency or, if unrated, as determined by the Investment Manager to be of comparable quality. In case of a minimum (maximum) investment limit of High-Yield Investment Type 2 securities according to the Fund’s investment restrictions, the lowest (highest) available rating of a debt security at acquisition day is decisive for the assessment of the possible acquisition of such debt security as High-Yield Investment Type 2.
PRC : Means the People’s Republic of China, excluding the Hong Kong Special Administrative Region, the Macau Special Administrative Region and Taiwan.
RMB : Means the Chinese Renminbi, the official currency of the PRC and, unless the context otherwise requires, the term “RMB” refers to offshore Chinese Renminbi (“CNH”) traded offshore in Hong Kong or markets outside the PRC and not to onshore Chinese Renminbi (“CNY”).
Valuation/Dealing Day
: Means each day on which banks and exchanges in Luxembourg and the United States are open for business.
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Prepared on: 8/1/18
This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.
ALLIANZ ASIA PACIFIC EQUITYProduct Type Collective
Investment SchemeLaunch Date 11 January 2005
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
0.93% to 1.80%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation and/or
above-average participation in price changes;o have basic knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short or medium timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer toSection 5.1 oftheProspectus for furtherinformation onproductsuitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth by investing in Asia-Pacific equity markets, excluding Japan.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”, you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer toSections 1, 2, 5 and 17.1 of theProspectusfor furtherinformation onfeatures of theproduct.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961or accessible at sg.allianzgi.com or from any of our appointed distributors.
Allianz Asia Pacific Equity
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Investment Strategy• A minimum of 70% of Fund assets are invested in Asia-Pacific equity markets,
excluding Japan.• Fund assets may be invested in Emerging Markets.• A maximum of 30% of Fund assets may be invested into the China A-Shares
market either directly through Stock Connect or indirectly through eligible instruments.
• The Fund may invest in financial derivative instruments for efficient portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
Refer toSection 5 of theProspectusfor further information on the investment strategy of the product.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”).• The Management Company is Allianz Global Investors GmbH.• The Investment Manager is Allianz Global Investors Asia Pacific Limited.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer toSections 1, 3 and 4.4 of theProspectus for further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer toSection 7 of theProspectusfor further information onrisks of the product.
Market and Credit Risks• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the economic
and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to currency risk.o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
• You may be exposed to country and region risk in Asia Pacific.o The Fund’s investments focus on Asia Pacific, which may increase the
concentration risk. Consequently, the Fund is particularly susceptible to the adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event or development in and risks of this region, or of companies based and / or operating in this region.
• You may be exposed to emerging markets risk.o The Fund invests in emerging markets which are subject to greater liquidity risk,
currency risk, general market risk, settlement risk and custodial risk. The legal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
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Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus.• Your right to redemption may be deferred or suspended under certain
circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.Product-Specific Risks
• You may be exposed to company-specific risk.o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital you
should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• You may be exposed to PRC tax risk. o It is possible that the current tax laws, regulations and practices in the PRC will
change (which may have retrospective effect). Any increased tax liabilities on the Fund may adversely affect the Fund’s value.
o If no or inadequate provision for potential withholding tax is made and in the event that the PRC tax authorities enforce the imposition of such withholding tax, the net asset value of the Fund may be adversely affected. Depending on the timing of their subscriptions and/or redemptions, investors may be disadvantaged as a result of any shortfall of tax provision.
• You may be exposed to the risk of investing in China A-Shares.o The Fund assets may be invested in China A-Shares. The securities market in
the PRC, including China A-Shares, may be more volatile and unstable (for example, due to the risk of suspension/limitation in trading of a particular stock or government intervention) than markets in more developed countries and has potential settlement difficulties. This may result in significant fluctuations in the prices of securities traded in such market and thereby affecting the prices of shares of the Fund.
• You may be exposed to the risks of using Stock Connect programmes.o The regulations relating to the Stock Connect programmes are untested and
subject to change which may have potential retrospective effect. There is no certainty as to how they will be applied.
o The Fund will also be subject to other risks in connection with its investments in China A-Shares via Stock Connect programmes such as regulatory risks, taxation risk and RMB currency risk in relation to Stock Connect programmes.
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
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FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):Subscription Fee Up to 5% Redemption Fee/ Disinvestment Fee
Currently NIL
Conversion Fee Up to 5% Additional fees may be payable to Singapore distributors.
Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage depends on
the relevant share class): All-in-Fee Up to 1.80% p.a.
The fees and expenses of the investment manager, central administration agent and depositary will be covered by the All-in-Fee payable to the Management Company.
Refer toSection 6 of theProspectus for further information onfees andcharges.
VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors may,
at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative before
5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable.
Refer to Sections 8.8, 11 and 9 of the Prospectus for further information on valuation and exiting from the product.
CONTACT INFORMATIONHOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
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APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
PRC : Means the People’s Republic of China, excluding the Hong Kong Special Administrative Region, the Macau Special Administrative Region and Taiwan.
RMB : Means the Chinese Renminbi, the official currency of the PRC and, unless the context otherwise requires, the term “RMB” refers to offshore Chinese Renminbi (“CNH”) traded offshore in Hong Kong or markets outside the PRC and not to onshore Chinese Renminbi (“CNY”).
Stock Connect : Means the program which aims to achieve mutual stock market access between PRC and Hong Kong.
Valuation/Dealing Day
: Means a Business Day.
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Prepared on: 8/1/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in the
product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not comfortable with
the accompanying risks.• If you wish to purchase the product, you will need to make an application in the manner set
out in the Prospectus.ALLIANZ ASIAN MULTI INCOME PLUS
Product Type Collective Investment Scheme
Launch Date 15 July 2009
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
0.86% to 1.49%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation and/or above-
average participation in price changes;o have advanced knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer to Section5.1 of theProspectus for furtherinformation onproductsuitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in Luxembourg that
aims to provide long-term capital growth and income by investing in Asia Pacific equity and bond markets.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”, you may instead receive distributions on 15th of every month or if it contains additional letter(s)“Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer toSections 1, 2, 5 and 17.1 of theProspectus for furtherinformation onfeatures of theproduct.
Investment Strategy• A minimum of 70% of Fund assets are invested directly in Asia Pacific equity and
bond markets.• A maximum of 85% of Fund assets may be invested in Asia Pacific equities.• A maximum of 85% of Fund assets may be invested in Asia Pacific debt
securities.• Fund assets may be invested in Emerging Markets.• A maximum of 85% of Fund assets may be invested in High Yield Investments Type
1.• A maximum of 30% of Fund assets may be invested into the China A-Shares market
either directly through Stock Connect or indirectly through eligible instruments.• A maximum of 30% of Fund assets may be held in deposits and be invested in
money market instruments and (up to 10% of Fund assets) in money market funds.
Refer to Section 5 of theProspectus for further information on the investment strategy of the product.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961 or accessible atsg.allianzgi.com or from any of our appointed distributors.
Allianz Asian Multi Income Plus
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• On a temporary basis for liquidity management and/or defensive purpose and/or any other exceptional circumstances, and if the Investment Manager considers it in the best interest of the Fund, up to 100% of Fund assets may be held in deposits and/or invested directly in money market instruments and (up to 10% of Fund assets) in money market funds.
• The Fund may conduct securities lending transactions, over-the-counter (“OTC”) based repurchase and/or reverse repurchase transactions and similar OTC transactions in aggregate for up to 50% of the Fund’s assets.
• The Fund may invest in financial derivative instruments for efficient portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund (the
“Company”).• The Management Company is Allianz Global Investors GmbH.• The Investment Manager is Allianz Global Investors Asia Pacific Limited and the
Sub-Investment Manager is Allianz Global Investors Singapore Limited.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer to Sections1, 3 and 4.4 of the Prospectusfor further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer to Section 7 of theProspectus for further information onrisks of the product.
Market and Credit Risks• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the economic
and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to currency risk.o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
• You may be exposed to issuer default risk.o The issuer of securities held by the Fund may become insolvent causing its
inability to fulfill his payment obligations in a full and timely manner and causing such issued assets to become economically worthless.
• You may be exposed to creditworthiness risk.o The creditworthiness (ability to pay) of the issuer of an asset held by the Fund may
fall. This usually leads to a decrease in the price of the asset greater than that caused by general market fluctuations.
• You may be exposed to volatility and liquidity risk.o Investments in securities in certain developing markets may be subject to higher
volatility and lower liquidity compared to more developed markets.• You may be exposed to sovereign debt risk.o The Fund’s investment in interest-bearing securities issued or guaranteed by
governments may be exposed to political, social and economic risks. The sovereign issues may not be able or willing to repay the principal and/or interest or may request the Fund to participate in rescheduling such debts. The Fund may suffer significant losses when there is a default of sovereign debt issuers.
• You may be exposed to country and region risk in Asia Pacific.o The Fund’s investments focus on Asia Pacific, which may increase the
concentration risk. Consequently, the Fund is particularly susceptible to the adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event or development in and risks of this region, or of companies based and / or operating in this region.
• You may be exposed to emerging markets risk.The Fund invests in emerging markets which are subject to greater liquidity risk, currency risk, general market risk, settlement risk and custodial risk. The legal,
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taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing Days.o There is no secondary market in Singapore for the Fund. All redemption requests
may only be made in the manner described in the Prospectus.• Your right to redemption may be deferred or suspended under certain
circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.Product-Specific Risks
• You may be exposed to company-specific risk.o The value of the Fund’s assets may drop significantly and for an extended period
of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
• You may be exposed to the risk of interest rate changes.o If market interest rates rise, the value of the interest-bearing assets held by the
Fund may decline substantially. This applies to an even greater degree if the Fund also holds interest-bearing securities with a longer time to maturity and a lower nominal interest rate.
• You may be exposed to downgrading risk.o The credit rating of interest bearing securities held by the Fund may be
downgraded. The Fund may or may not be able to dispose of the securities that are being downgraded. This may lead to a fall in the net asset value of the Fund.
• You may be exposed to valuation risk.o Valuation of the Fund assets may involve uncertainties and judgmental
determinations. If such valuation turns out to be incorrect, this may affect the net asset value calculation of the Fund.
• You may be exposed to credit rating risk.o Credit ratings assigned by rating agencies are subject to limitations and do not
guarantee the creditworthiness of the security and/or issuer at all times.• You may be exposed to asset allocation risk.o The performance of the Fund is partially dependent on the success of the asset
allocation strategy employed by the Fund. There is no assurance that the strategy employed by the Fund will be successful and therefore the investment objective of the Fund may not be achieved. The investments of the Fund may be periodically rebalanced and therefore the Fund may incur greater transaction costs than a fund with static allocation strategy.
• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii) the use of
derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital you
should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• You may be exposed to PRC tax risk.o It is possible that the current tax laws, regulations and practices in the PRC will
change (which may have retrospective effect). Any increased tax liabilities on the Fund may adversely affect the Fund’s value.
o If no or inadequate provision for potential withholding tax is made and in the event that the PRC tax authorities enforce the imposition of such withholding tax, the net asset value of the Fund may be adversely affected. Depending on the timing of their subscriptions and/or redemptions, investors may be disadvantaged as a result of any shortfall of tax provision.
• You may be exposed to the risk of investing in China A-Shares.o The Fund assets may be invested in China A-Shares. The securities market in the
PRC, including China A-Shares, may be more volatile and unstable (for example, due to the risk of suspension/limitation in trading of a particular stock orgovernment intervention) than markets in more developed countries and has potential settlement difficulties. This may result in significant fluctuations in the prices of securities traded in such market and thereby affecting the prices of shares of the Fund.
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• You may be exposed to the risks of using Stock Connect programmes.o The regulations relating to the Stock Connect programmes are untested and
subject to change which may have potential retrospective effect. There is no certainty as to how they will be applied.
o The Fund will also be subject to other risks in connection with its investments in China A-Shares via Stock Connect programmes such as regulatory risks, taxation risk and RMB currency risk in relation to Stock Connect programmes.
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):Subscription Fee Up to 5%Redemption Fee/ Disinvestment Fee
Currently NIL
Conversion Fee Up to 5%
Refer to Section 6of the Prospectusfor further information onfees and charges.
Additional fees may be payable to Singapore distributors.
Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage depends on
the relevant share class):All-in-Fee Up to 1.50% p.a.
The fees and expenses of the investment manager, central administration agentand depositary will be covered by the All-in-Fee payable to the Management Company.
VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors may, at
their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative before 5
p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable.
Refer to Sections8.8, 11 and 9 of the Prospectusfor further information on valuation and exiting from the product.
CONTACT INFORMATIONHOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
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APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
High-Yield InvestmentsType 1
: Means an investment in debt securities which at the time of acquisition has a rating of BB+ or below (Standard & Poor’s and Fitch) or of Ba1 or below (Moody’s) or the equivalent by another rating agency or, if unrated, as determined by the Investment Manager to be of comparable quality. In case of a minimum (maximum) investment limit of High-Yield Investment Type 1 securities according to the Fund’s investment restrictions, the lowest (highest) available rating of a debt security at acquisition day is decisive for the assessment of the possible acquisition of such debt security as High-Yield Investment Type 1. Generally, there is no intention to acquire debt securities that are only rated CC, C or D (Standard & Poor’s), C, RD or D (Fitch) or Ca or C (Moody’s) unless otherwise specified.
PRC : Means the People’s Republic of China, excluding the Hong Kong Special Administrative Region, the Macau Special Administrative Region and Taiwan.
RMB : Means the Chinese Renminbi, the official currency of the PRC and, unless the context otherwise requires, the term “RMB” refers to offshore Chinese Renminbi (“CNH”) traded offshore in Hong Kong or markets outside the PRC and not to onshore Chinese Renminbi (“CNY”).
Stock Connect : Means the program which aims to achieve mutual stock market access between PRC and Hong Kong.
Valuation/Dealing Day
: Means each day on which banks and exchanges in Luxembourg, Hong Kong and Singapore are open for business.
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Prepared on: 8/1/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.
ALLIANZ BEST STYLES EMERGING MARKETS EQUITY
Product Type Collective Investment Scheme Launch Date 6 October 2015
Management Company
Allianz Global Investors GmbH Depositary State Street Bank
Luxembourg S.C.A.
Trustee Not applicable Dealing FrequencyEvery Dealing Day which is a Singapore business day
Capital Guaranteed NoExpense Ratio for Financial Year ended 30 September 2017
1.082% to 1.94%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation and/or
above-average participation in price changes;o have advanced knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short or medium timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer toSection 5.1 oftheProspectus for furtherinformation onproductsuitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth by investing in emerging equitymarkets. The Investment Manager may engage in foreign currency overlay and thus assume separate foreign currency risks with regard to currencies of OECD member states, even if the Fund does not include any assets denominatedin these respective currencies.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/ “Mg”,you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer toSections 1, 2, 5 and 17.1 of theProspectus for furtherinformation onfeatures of theproduct.
Investment Strategy• A minimum of 70% of Fund assets are invested in emerging equity markets.• A minimum of 70% of Fund assets are invested in Emerging Markets or in
countries which are constituents of the MSCI Emerging Market Index.
Refer toSection 5 of the
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961 oraccessible at sg.allianzgi.com or from any of our appointed distributors.2 Annualised figure.
Allianz Best Styles Emerging Markets Equity
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• A maximum of 20% of Fund assets may be held in deposits and/or invested in money market instruments and/or (up to 10% of Fund assets) in money market funds.
• The Fund may invest in financial derivative instruments for efficient portfolio management (including for hedging) but will not invest primarilyor extensively in financial derivative instruments for investment purposes.
Prospectus for further information on the investment strategy of the product.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”).• The Management Company is Allianz Global Investors GmbH.• The investment management is performed by the Management Company
through its UK branch.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer toSections 1, 3 and 4.4 of theProspectus for further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer toSection 7 of theProspectus for further information onrisks of the product.
Market and Credit Risks• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to currency risk.o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
• You may be exposed to emerging markets risk.o The Fund invests in emerging markets which are subject to greater liquidity
risk, currency risk, general market risk, settlement risk and custodial risk. The legal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus.• You may be exposed to liquidity risk.o The Fund may invest in illiquid securities. Even relatively small orders of
illiquid securities can lead to significant price changes. If an asset is illiquid, there is the risk that it cannot be sold or can only be sold at a significant discount to the purchase price.
• Your right to redemption may be deferred or suspended under certain circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.
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Product-Specific Risks• You may be exposed to company-specific risk.o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital
you should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• You may be exposed to the risk of investing in China A-Shares.o The Fund assets may be invested in China A-Shares. The securities market
in the PRC, including China A-Shares, may be more volatile and unstable (for example, due to the risk of suspension/limitation in trading of a particular stock or government intervention) than markets in more developed countries and has potential settlement difficulties. This may result in significant fluctuations in the prices of securities traded in such market and thereby affecting the prices of shares of the Fund.
• You may be exposed to PRC tax risk. o It is possible that the current tax laws, regulations and practices in the PRC
will change (which may have retrospective effect). Any increased tax liabilities on the Fund may adversely affect the Fund’s value.
o If no or inadequate provision for potential withholding tax is made and in the event that the PRC tax authorities enforce the imposition of such withholding tax, the net asset value of the Fund may be adversely affected. Depending on the timing of their subscriptions and/or redemptions, investors may be disadvantaged as a result of any shortfall of tax provision.
• You may be exposed to property related assets risk.o The Fund’s investments in the real estate industry may be subject to risks of
fluctuations in the value and the rental income received in respect of the underlying property. This risk applies when investments are made through funds, property companies or other property equity market-related products (in particular, REITs).
• You may be exposed to the risks of using Stock Connect programmes.o The regulations relating to the Stock Connect programmes are untested and
subject to change which may have potential retrospective effect. There is no certainty as to how they will be applied.
o The Fund will also be subject to other risks in connection with its investments in China A-Shares via Stock Connect programmes such as regulatory risks, taxation risk and RMB currency risk in relation to Stock Connect programmes.
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
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FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net asset value of the share class (actual percentage depends on the relevant share class):
Subscription Fee Up to 5% Redemption Fee/ Disinvestment Fee Currently NIL Conversion Fee Up to 5%
Additional fees may be payable to Singapore distributors.Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage
depends on the relevant share class):
Refer toSection 6 of theProspectusfor further information onfees andcharges.
All-in-Fee Up to 2.00% p.a.
The fees and expenses of the investment manager, central administration agentand depositary will be covered by the All-in-Fee payable to the Management Company.
VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors may,
at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a Dealing Day preceding a specific Dealing Day (provided that the Dealing Day preceding the specific Dealing Day is also a Singapore business day), you will be paid the redemption price for that specific Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable.
Refer to Sections 8.8,11 and 9 of the Prospectusfor further information on valuation and exiting from the product.
CONTACT INFORMATIONHOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
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APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
EmergingMarkets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
PRC : Means the People’s Republic of China, excluding the Hong Kong Special Administrative Region, the Macau Special Administrative Region and Taiwan.
RMB : Means the Chinese Renminbi, the official currency of the PRC and, unless the context otherwise requires, the term “RMB” refers to offshore Chinese Renminbi (“CNH”) traded offshore in Hong Kong or markets outside the PRC and not to onshore Chinese Renminbi (“CNY”).
Stock Connect : Means the program which aims to achieve mutual stock market access between PRC and Hong Kong.
Valuation/Dealing Day
: Means each day on which banks and exchanges in Luxembourg,Germany and the United Kingdom are open for business.
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Prepared on: 8/1/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.
ALLIANZ BEST STYLES EUROLAND EQUITY
Product Type Collective Investment Scheme
Launch Date 12 July 2005
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
0.71% to 1.35%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation and/or
above-average participation in price changes;o have basic knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short or medium timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer toSection 5.1 oftheProspectus for furtherinformation onproductsuitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth by investing in developed Eurozone equity markets. The Investment Manager may engage in foreign currency overlay and thus assume separate foreign currency risks with regard to currencies of OECD member states, even if the Fund does not include any assets denominated in these respective currencies.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”,you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer toSections 1, 2, 5 and 17.1 of theProspectus for furtherinformation onfeatures of theproduct.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961 oraccessible at sg.allianzgi.com or from any of our appointed distributors.
Allianz Best Styles Euroland Equity
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Investment Strategy• A minimum of 70% of Fund assets are invested in developed Eurozone
equity markets.• A maximum of 30% of Fund assets may be invested in Emerging Markets.
• The Fund may invest in financial derivative instruments for efficient portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
Refer toSection 5 of theProspectus for further information on the investment strategy of the product.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”).• The Management Company is Allianz Global Investors GmbH.• The investment management is performed by the Management Company.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer toSections 1, 3 and 4.4 of theProspectus for further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer toSection 7 of theProspectus for further information onrisks of the product.
Market and Credit Risks• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to country and region risk in the Eurozone.o The Fund’s investments focus on the Eurozone, which may increase the
concentration risk. Consequently, the Fund is particularly susceptible to the adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event or development in and risks of this region, or of companies based and / or operating in this region.
o Economic or political instability in countries in which the Fund is invested may lead to a situation in which the Fund does not receive part or all of the monies owed to it in spite of the solvency of the issuer of the respective security or other assets. Currency or transfer restrictions or other legal changes, for example, may be significant in this regard.
• You may be exposed to European country risk.o There is the possibility that economic and financial difficulties in Europe may
continue to get worse or spread within and outside the Europe, and may lead to one or several countries exiting the Eurozone or default of a sovereign within the Eurozone. Measures taken by the governments of the European countries, central banks and other authorities to address the fiscal conditions and concerns, such as austerity measures and reforms, may not work. The impact of such events on the Fund may be significant and the increased risks (such as increased volatility, liquidity and currency risk associated with investments in Europe) may adversely affect the net asset value of the Fund.
• You may be exposed to emerging markets risk.o The Fund invests in emerging markets which are subject to greater liquidity
risk, currency risk, general market risk, settlement risk and custodial risk. The legal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
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Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus.• Your right to redemption may be deferred or suspended under certain
circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.Product-Specific Risks
• You may be exposed to company-specific risk.o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital you
should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• You may be exposed to property related assets risk.o The Fund’s investments in the real estate industry may be subject to risks of
fluctuations in the value and the rental income received in respect of the underlying property. This risk applies when investments are made through funds, property companies or other property equity market-related products (in particular, REITs).
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):Subscription Fee Up to 5% Redemption Fee/ Disinvestment Fee Currently NIL Conversion Fee Up to 5%
Additional fees may be payable to Singapore distributors.Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage
depends on the relevant share class):
Refer toSection 6 of the Prospectusfor further information onfees andcharges.
All-in-Fee Up to 1.30% p.a.
The fees and expenses of the investment manager, central administration agentand depositary will be covered by the All-in-Fee payable to the Management Company.
VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors may,
at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
Refer to Sections 8.8,11 and 9 of the Prospectus for further information on valuation and exiting from the product.
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• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable. CONTACT INFORMATION
HOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
Valuation/Dealing Day
: Means a Business Day.
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Prepared on: 8/1/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.
ALLIANZ BEST STYLES GLOBAL EQUITY
Product Type Collective Investment Scheme
Launch Date 6 August 2013
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
0.432% to 1.35%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation and/or
above-average participation in price changes;o have basic knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short or medium timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer toSection 5.1 oftheProspectus for furtherinformation onproductsuitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth by investing in global equitymarkets.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/ “Mg”,you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer toSections 1, 2, 5 and 17.1 of theProspectus for furtherinformation onfeatures of theproduct.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961 oraccessible at sg.allianzgi.com or from any of our appointed distributors.2 Annualised figure.
Allianz Best Styles Global Equity
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Investment Strategy• A minimum of 70% of Fund assets are invested in global equity markets.• The Fund may invest in financial derivative instruments for efficient
portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
Refer toSection 5 of theProspectus for further information on the investment strategy of the product.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”).• The Management Company is Allianz Global Investors GmbH.• The investment management is performed by the Management Company.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer toSections 1, 3 and 4.4 of theProspectus for further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer toSection 7 of theProspectus for further information onrisks of the product.
Market and Credit Risks• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to currency risk.o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
• You may be exposed to emerging markets risk.o The Fund invests in emerging markets which are subject to greater liquidity
risk, currency risk, general market risk, settlement risk and custodial risk. The legal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus.• You may be exposed to liquidity risk.o The Fund may invest in illiquid securities. Even relatively small orders of
illiquid securities can lead to significant price changes. If an asset is illiquid, there is the risk that it cannot be sold or can only be sold at a significant discount to the purchase price.
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• Your right to redemption may be deferred or suspended under certain circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.
Product-Specific Risks• You may be exposed to company-specific risk.o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital
you should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• You may be exposed to property related assets risk.o The Fund’s investments in the real estate industry may be subject to risks of
fluctuations in the value and the rental income received in respect of the underlying property. This risk applies when investments are made through funds, property companies or other property equity market-related products (in particular, REITs).
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):Subscription Fee Up to 5% Redemption Fee/ Disinvestment Fee Currently NIL Conversion Fee Up to 5%
Additional fees may be payable to Singapore distributors.Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage
depends on the relevant share class):
Refer toSection 6 of theProspectusfor further information onfees andcharges.
All-in-Fee Up to 1.30% p.a.
The fees and expenses of the investment manager, central administration agentand depositary will be covered by the All-in-Fee payable to the Management Company.
VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors may,
at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after
Refer to Sections 8.8,11 and 9 of the Prospectusfor further information on valuation and exiting from the product.
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the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable. CONTACT INFORMATION
HOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Valuation/Dealing Day
: Means each day on which banks and exchanges in Luxembourg and in Germany are open for business.
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Prepared on: 8/1/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.
ALLIANZ CHINA EQUITYProduct Type Collective
Investment SchemeLaunch Date 3 October 2008
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Daywhich is a Singapore, business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
1.252% to 2.28%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation and/or
above-average participation in price changes;o have basic knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short or medium timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer to Section5.1 of theProspectus for furtherinformation onproductsuitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth by investing in PRC, Hong Kong and Macau equity markets.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”,you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer toSections 1, 2, 5 and 17.1 of theProspectus for furtherinformation onfeatures of theproduct.
Investment Strategy• A minimum of 70% of Fund assets are invested in PRC, Hong Kong and Macau
equity markets.• Fund assets may be invested in Emerging Markets.• A maximum of 50% of Fund assets may be invested into the China A-Shares
market either directly through Stock Connect or indirectly through eligible
Refer to Section 5 of theProspectus for further information on
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961 oraccessible at sg.allianzgi.com or from any of our appointed distributors.2 Annualised figure.
Allianz China Equity
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instruments.• The Fund may invest in financial derivative instruments for efficient
portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
the investment strategy of the product.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”).• The Management Company is Allianz Global Investors GmbH.• The Investment Manager is Allianz Global Investors Asia Pacific Limited.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer toSections 1, 3 and 4.4 of theProspectus for further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer to Section 7 of theProspectus for further information onrisks of the product.
Market and Credit Risks• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to currency risk.o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
• You may be exposed to country and region risk in the PRC, Hong Kong and Macau.o The Fund’s investments focus on the PRC, Hong Kong and Macau, which may
increase the concentration risk. Consequently, the Fund is particularly susceptible to the adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event or development in and risks of this region, or of companies based and / or operating in this region.
• You may be exposed to emerging markets risk.o The Fund invests in emerging markets which are subject to greater liquidity
risk, currency risk, general market risk, settlement risk and custodial risk. The legal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus.• Your right to redemption may be deferred or suspended under certain
circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.Product-Specific Risks
• You may be exposed to company-specific risk.o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
• You may be exposed to derivatives risk.
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o (i) The derivatives may be misvalued or may have varying valuations; (ii) the use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital you
should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• You may be exposed to the risk of investing in China A-Shares.o The Fund assets may be invested in China A-Shares. The securities market in
the PRC, including China A-Shares, may be more volatile and unstable (for example, due to the risk of suspension/limitation in trading of a particular stock or government intervention) than markets in more developed countries and has potential settlement difficulties. This may result in significant fluctuations in the prices of securities traded in such market and thereby affecting the prices of shares of the Fund.
• You may be exposed to PRC tax risk.o It is possible that the current tax laws, regulations and practices in the PRC
will change (which may have retrospective effect). Any increased tax liabilities on the Fund may adversely affect the Fund’s value.
o If no or inadequate provision for potential withholding tax is made and in the event that the PRC tax authorities enforce the imposition of such withholding tax, the net asset value of the Fund may be adversely affected. Depending on the timing of their subscriptions and/or redemptions, investors may be disadvantaged as a result of any shortfall of tax provision.
• You may be exposed to RMB currency risk.o The Fund may invest in assets denominated in offshore and onshore RMB.
The RMB traded in the PRC is not freely convertible and is subject to exchange control policies and restrictions imposed by the PRC authorities. Restrictions on repatriation of RMB out of the PRC may limit the depth of the RMB market available outside of the PRC, and thereby may reduce the liquidity of the Fund. The RMB may be subject to devaluation, in which case the value of the investments in RMB assets will be adversely affected. Furthermore although offshore RMB and onshore RMB are the same currency, they are traded on different and separate markets and as such, their values could differ and their exchange rates may not move in the same direction.
• You may be exposed to the risks of using Stock Connect programmes.o The regulations relating to the Stock Connect programmes are untested and
subject to change which may have potential retrospective effect. There is no certainty as to how they will be applied.
o The Fund will also be subject to other risks in connection with its investmentsin China A-Shares via Stock Connect programmes such as regulatory risks, taxation risk and RMB currency risk in relation to Stock Connect programmes.
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):Subscription Fee Up to 5%Redemption Fee/ Disinvestment Fee
Currently NIL
Conversion Fee Up to 5% Additional fees may be payable to Singapore distributors.Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)
Refer to Section 6 of theProspectus for further information onfees andcharges.
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• The Fund will pay the following fees and charges (actual percentage depends on the relevant share class):All-in-Fee Up to 2.25% p.a.
The fees and expenses of the investment manager, central administration agentand depositary will be covered by the All-in-Fee payable to the Management Company.
VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors may,
at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative before
5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable.
Refer to Sections 8.8, 11and 9 of the Prospectus for further information on valuation and exiting from the product.
CONTACT INFORMATIONHOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
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APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
PRC : Means the People’s Republic of China, excluding the Hong Kong Special Administrative Region, the Macau Special Administrative Region and Taiwan.
RMB : Means the Chinese Renminbi, the official currency of the PRC and, unless the context otherwise requires, the term “RMB” refers to offshore Chinese Renminbi (“CNH”) traded offshore in Hong Kong or markets outside the PRC and not to onshore Chinese Renminbi (“CNY”).
Stock Connect : Means the program which aims to achieve mutual stock market access between PRC and Hong Kong.
Valuation/Dealing Day
: Means each day on which banks and exchanges in Luxembourg and Hong Kong are open for business.
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Allianz China Multi Income Plus
Prepared on: 28/02/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in the
product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not comfortable
with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the manner
set out in the Prospectus.
ALLIANZ CHINA MULTI INCOME PLUSProduct Type Collective
Investment SchemeLaunch Date 2 October 2009
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
0.90% to 1.89%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation and/or
above-average participation in price changes;o have basic knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short or medium timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer to Section5.1 of theProspectus for furtherinformation onproductsuitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth and income by investing in equity and bond markets of the PRC, Hong Kong and Macau.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”,you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer toSections 1, 2, 5 and 17.1 of theProspectus for furtherinformation onfeatures of theproduct.
Investment Strategy• A minimum of 70% of Fund assets are invested directly in equity and bond
markets of the PRC, Hong Kong and Macau.• A maximum of 80% of Fund assets may be invested in equities.• A maximum of 80% of Fund assets may be invested in debt securities.• Fund assets may be invested in Emerging Markets.• (until 28 March 2018) A maximum of 80% of Fund assets may be invested in
High-Yield Investments Type 1, however assets that are only rated CC, C or D
Refer to Section 5 of theProspectus for further information on the investment strategy of the product.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961or accessible at sg.allianzgi.com or from any of our appointed distributors.
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(Standard and Poor’s), Ca or C (Moody’s) or C, RD or D (Fitch) may be acquired.
• (as of 29 March 2018) A maximum of 80% of Fund assets may be invested in High-Yield Investments Type 1, however within this limit Sub-Fund assets may be invested in Debt Securities that are only rated CC (Standard & Poor`s) or lower (including max. 10% of defaulted securities).
• (until 28 March 2018) A maximum of 50% of Fund assets may be invested into the China A-Shares market either directly through Stock Connect or indirectly through eligible instruments, China B-Shares market either directly or indirectly through eligible instruments and/or in debt securities of PRC markets (directly and/or indirectly via “direct access” to the CIBM).
• (as of 29 March 2018) A maximum of 50% of Fund assets may be invested into the China A-Shares market either directly through Stock Connect or indirectly through eligible instruments, China B-Shares market either directly or indirectly through eligible instruments and/or in debt securities of PRC bond markets.
• On a temporary basis for liquidity management and/or defensive purpose and/or any other exceptional circumstances, and if the Investment Manager considers it in the best interest of the Fund, up to 100% of Fund assets may be held in deposits and/or invested directly in money market instruments and (up to 10% of Fund assets) in money market funds.
• The Fund may conduct securities lending transactions, over-the-counter (“OTC”) based repurchase and/or reverse repurchase transactions and similar OTC transactions in aggregate for up to 50% of the Fund’s assets.
• The Fund may invest in financial derivative instruments for efficient portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”).• The Management Company is Allianz Global Investors GmbH.• The Investment Manager is Allianz Global Investors Asia Pacific Limited.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer to Sections1, 3 and 4.4 of the Prospectusfor further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer to Section 7 of theProspectus for further information onrisks of the product.
Market and Credit Risks• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to currency risk.o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
• You may be exposed to issuer default risk.
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o The issuer of securities held by the Fund may become insolvent causing its inability to fulfill his payment obligations in a full and timely manner and causing such issued assets to become economically worthless.
• You may be exposed to creditworthiness risk.o The creditworthiness (ability to pay) of the issuer of an asset held by the
Fund may fall. This usually leads to a decrease in the price of the asset greater than that caused by general market fluctuations.
• You may be exposed to volatility and liquidity risk.o Investments in securities in certain developing markets may be subject to
higher volatility and lower liquidity compared to more developed markets.• You may be exposed to sovereign debt risk.o The Fund’s investment in interest-bearing securities issued or guaranteed by
governments may be exposed to political, social and economic risks. The sovereign issues may not be able or willing to repay the principal and/or interest or may request the Fund to participate in rescheduling such debts. The Fund may suffer significant losses when there is a default of sovereign debt issuers.
• You may be exposed to country and region risk in the PRC, Hong Kong and Macau.o The Fund’s investments focus on the PRC, Hong Kong and Macau, which
may increase the concentration risk. Consequently, the Fund is particularly susceptible to the adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event or development in and risks of this region, or of companies based and / or operating in this region.
• You may be exposed to emerging markets risk.o The Fund invests in emerging markets which are subject to greater liquidity
risk, currency risk, general market risk, settlement risk and custodial risk. The legal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus.• You may be exposed to liquidity risk.o The Fund may invest in illiquid securities. Even relatively small orders of
illiquid securities can lead to significant price changes. If an asset is illiquid, there is the risk that it cannot be sold or can only be sold at a significant discount to the purchase price.
• Your right to redemption may be deferred or suspended under certain circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.
Product-Specific Risks• You may be exposed to company-specific risk.o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
• You may be exposed to the risk of interest rate changes.o If market interest rates rise, the value of the interest-bearing assets held by
the Fund may decline substantially. This applies to an even greater degree if the Fund also holds interest-bearing securities with a longer time to maturity and a lower nominal interest rate.
• You may be exposed to downgrading risk.o The credit rating of interest bearing securities held by the Fund may be
downgraded. The Fund may or may not be able to dispose of the securities that are being downgraded. This may lead to a fall in the net asset value of the Fund.
• You may be exposed to valuation risk.o Valuation of the Fund assets may involve uncertainties and judgmental
determinations. If such valuation turns out to be incorrect, this may affect the net asset value calculation of the Fund.
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• You may be exposed to credit rating risk.o Credit ratings assigned by rating agencies are subject to limitations and do
not guarantee the creditworthiness of the security and/or issuer at all times. • You may be exposed to asset allocation risk.o The performance of the Fund is partially dependent on the success of the
asset allocation strategy employed by the Fund. There is no assurance that the strategy employed by the Fund will be successful and therefore the investment objective of the Fund may not be achieved. The investments of the Fund may be periodically rebalanced and therefore the Fund may incur greater transaction costs than a fund with static allocation strategy.
• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii)
the use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital
you should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• You may be exposed to the risk of investing in China A-Shares.o The Fund assets may be invested in China A-Shares. The securities market
in the PRC, including China A-Shares, may be more volatile and unstable (for example, due to the risk of suspension/limitation in trading of a particular stock or government intervention) than markets in more developed countries and has potential settlement difficulties. This may result in significant fluctuations in the prices of securities traded in such market and thereby affecting the prices of shares of the Fund.
• You may be exposed to PRC tax risk.o It is possible that the current tax laws, regulations and practices in the PRC
will change (which may have retrospective effect). Any increased tax liabilities on the Fund may adversely affect the Fund’s value.
o If no or inadequate provision for potential withholding tax is made and in the event that the PRC tax authorities enforce the imposition of such withholding tax, the net asset value of the Fund may be adversely affected. Depending on the timing of their subscriptions and/or redemptions, investors may be disadvantaged as a result of any shortfall of tax provision.
• You may be exposed to the risks associated with the CIBM.o Market volatility and potential lack of liquidity due to low trading volume of
certain debt securities in the CIBM may result in prices of certain debt securities traded on such market fluctuating significantly. The Fund may also be exposed to risks associated with settlement procedures and default of counterparties, risks of default or errors on the part of the onshore settlement agent and regulatory risks in connection to its transactions in the CIBM.
• You may be exposed to credit rating agency risk in the PRC.o The credit appraisal system in the PRC and the rating methodologies
employed in the PRC may be different from those employed in other markets. Credit ratings given by PRC rating agencies may therefore not be directly comparable with those given by other international rating agencies.
• You may be exposed to the risks of using Stock Connect programmes.o The regulations relating to the Stock Connect programmes are untested
and subject to change which may have potential retrospective effect. There is no certainty as to how they will be applied.
o The Fund will also be subject to other risks in connection with its investments in China A-Shares via Stock Connect programmes such asregulatory risks, taxation risk and RMB currency risk in relation to Stock Connect programmes.
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• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):
Subscription Fee Up to 5% Redemption Fee/ Disinvestment Fee Currently NIL Conversion Fee Up to 5%
Additional fees may be payable to Singapore distributors.Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage depends
on the relevant share class):All-in-Fee Up to 2.25% p.a. (currently 1.50% p.a. for Class A/AM/AMg/AT
and 0.82% p.a. for Class I, IT, P and PT)The fees and expenses of the investment manager, central administration agentand depositary will be covered by the All-in-Fee payable to the Management Company.
Refer to Section 6 of theProspectus for further information onfees andcharges.
VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors
may, at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable.
Refer to Sections8.8, 11 and 9 of the Prospectusfor further information on valuation and exiting from the product.
CONTACT INFORMATIONHOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
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APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
CIBM : Means China interbank bond market, the over-the-counter market for bonds issued and traded in the PRC.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
High-Yield InvestmentsType 1
: Means an investment in debt securities which at the time of acquisition has a rating of BB+ or below (Standard & Poor’s and Fitch) or of Ba1 or below (Moody’s) or the equivalent by another rating agency or, if unrated, as determined by the Investment Manager to be of comparable quality. In case of a minimum (maximum) investment limit of High-Yield Investment Type 1 securities according to the Fund’s investment restrictions, the lowest (highest) available rating of a debt security at acquisition day is decisive for the assessment of the possible acquisition of such debt security as High-Yield Investment Type 1. Generally, there is no intention to acquire debt securities that are only rated CC, C or D (Standard & Poor’s), C, RD or D (Fitch) or Ca or C (Moody’s) unless otherwise specified.
PRC : Means the People’s Republic of China, excluding the Hong Kong Special Administrative Region, the Macau Special Administrative Region and Taiwan.
PRC bond markets
: (as of 29 March 2018) Means debt securities of the PRC which are traded and/or admitted on the CIBM either directly or indirectly through the CIBM Initiative or via Bond Connect or via a Foreign Access Regime (eg. “RQFII regulations”), and/or via other means as may be permitted by the relevant regulations from time to time.
RMB : Means the Chinese Renminbi, the official currency of the PRC and, unless the context otherwise requires, the term “RMB” refers to offshore Chinese Renminbi (“CNH”) traded offshore in Hong Kong or markets outside the PRC and not to onshore Chinese Renminbi (“CNY”).
Stock Connect : Means the program which aims to achieve mutual stock market access between PRC and Hong Kong.
Valuation/Dealing Day
: Means each day on which banks and exchanges in Luxembourg and Hong Kong are open for business.
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Allianz China Strategic Bond
Prepared on: 28/2/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.
ALLIANZ CHINA STRATEGIC BONDProduct Type Collective
Investment SchemeLaunch Date 18 October 2011
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
0.52% to 0.70%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation;o have advanced knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer to Section5.1 of the Prospectus for further information on product suitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in
Luxembourg that aims to provide long-term capital growth and income byinvesting in the PRC, Hong Kong, Taiwan and Macau bond markets.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”,you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer to Sections 1, 2, 5and 17.1 of the Prospectus for further information on features of the product.
Investment Strategy• Fund assets are primarily invested in the PRC, Hong Kong, Taiwan and
Macau bond markets.• Fund assets may be invested in Emerging Markets.• A maximum of 70% of Fund assets may be invested in High-Yield Investments
Type 1.
Refer to Section 5 of the Prospectus for further information on
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961 or accessible at sg.allianzgi.com or from any of our appointed distributors.
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• (until 28 March 2018) A maximum of 50% of Fund assets may be invested either directly (RQFII and/or CIBM) or indirectly in the PRC bond markets.
• (as of 29 March 2018) A maximum of 50% of Fund assets may be invested in the PRC bond markets.
• On a temporary basis for liquidity management and/or defensive purpose and/or any other exceptional circumstances, and if the Investment Manager considers it in the best interest of the Fund, up to 100% of Fund assets may be held in deposits and/or invested directly in money market instruments and (up to 10% of Fund assets) in money market funds.
• The Fund may conduct securities lending transactions, over-the-counter (“OTC”) based repurchase and/or reverse repurchase transactions and similar OTC transactions in aggregate for up to 50% of the Fund’s assets.
• The Fund may use financial derivative instruments for efficient portfolio management, hedging and investment purposes.
the investment strategy of the product.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”).• The Management Company is Allianz Global Investors GmbH.• The Investment Manager is Allianz Global Investors Asia Pacific Limited.• The Investment Advisor is Allianz Global Investors Singapore Limited.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer to Sections1, 3 and 4.4 of the Prospectus for further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer to Section 7of the Prospectus for further information on risks of the product.
Market and Credit Risks• You may be exposed to currency risk.o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to country and region risk in the PRC.o The Fund’s investments focus on the PRC, which may increase the
concentration risk. Consequently, the Fund is particularly susceptible to the adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event or development in and risks of this country, or of companies based and / or operating in this country.
• You may be exposed to counterparty risk.o To the extent that transactions for the Fund are not handled through a stock
exchange or a regulated market (e.g. over the counter trades), there is a risk that a counterparty may default or not completely fulfil its obligations in addition to the general risk of settlement default. This is particularly true of over the counter financial derivative instruments and other transactions based on techniques and instruments.
• You may be exposed to sovereign debt risk.o The Fund’s investment in interest-bearing securities issued or guaranteed by
governments may be exposed to political, social and economic risks. The sovereign issues may not be able or willing to repay the principal and/or interest or may request the Fund to participate in rescheduling such debts. The Fund may suffer significant losses when there is a default of sovereign
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debt issuers.• You may be exposed to emerging markets risk.
The Fund invests in emerging markets which are subject to greater liquidity risk, currency risk, general market risk, settlement risk and custodial risk. The legal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus.• You may be exposed to liquidity risk.o The Fund may invest in illiquid securities. Even relatively small orders of
illiquid securities can lead to significant price changes. If an asset is illiquid, there is the risk that it cannot be sold or can only be sold at a significant discount to the purchase price.
• Your right to redemption may be deferred or suspended under certain circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.
Product-Specific Risks• You may be exposed to the risk of interest rate changes.o If market interest rates rise, the value of the interest-bearing assets held by
the Fund may decline substantially. This applies to an even greater degree if the Fund also holds interest-bearing securities with a longer time to maturity and a lower nominal interest rate.
• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital
you should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• You may be exposed to the risks associated with the CIBM.o Market volatility and potential lack of liquidity due to low trading volume of
certain debt securities in the CIBM may result in prices of certain debt securities traded on such market fluctuating significantly. The Fund may also be exposed to risks associated with settlement procedures and default of counterparties, risks of default or errors on the part of the onshore settlement agent and regulatory risks in connection to its transactions in the CIBM.
• You may be exposed to credit rating agency risk in the PRC.o The credit appraisal system in the PRC and the rating methodologies
employed in the PRC may be different from those employed in other markets. Credit ratings given by PRC rating agencies may therefore not be directly comparable with those given by other international rating agencies.
• You may be exposed to the risk of investing in high-yield investments.o Investing in high-yield investments is normally associated with increased
creditworthiness risk, risk of interest rate changes, general market risk, company-specific risk and liquidity risk.
• You may be exposed to PRC tax risk.o It is possible that the current tax laws, regulations and practices in the PRC
will change (which may have retrospective effect). Any increased tax liabilities on the Fund may adversely affect the Fund’s value.
o If no or inadequate provision for potential withholding tax is made and in the event that the PRC tax authorities enforce the imposition of such withholding
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tax, the net asset value of the Fund may be adversely affected. Depending on the timing of their subscriptions and/or redemptions, investors may be disadvantaged as a result of any shortfall of tax provision.
• You may be exposed to RMB currency risk.o The Fund may invest in assets denominated in offshore and onshore RMB.
The RMB traded in the PRC is not freely convertible and is subject to exchange control policies and restrictions imposed by the PRC authorities. Restrictions on repatriation of RMB out of the PRC may limit the depth of the RMB market available outside of the PRC, and thereby may reduce the liquidity of the Fund. The RMB may be subject to devaluation, in which case the value of the investments in RMB assets will be adversely affected. Furthermore although offshore RMB and onshore RMB are the same currency, they are traded on different and separate markets and as such, their values could differ and their exchange rates may not move in the same direction.
• You may be exposed to RQFII regime risk.o Investments via the RQFII scheme are subject to risks such as regulatory
risks, quota risks, limits on redemption, PRC depositary risks and PRC broker risks.
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class): Subscription Fee Up to 3% Redemption Fee/ Disinvestment Fee Currently NIL Conversion Fee Up to 3% Additional fees may be payable to Singapore distributors.
Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage depends
on the relevant share class):All-in-Fee Up to 0.65% p.a.
The fees and expenses of the investment manager, central administration agentand depositary will be covered by the All-in-Fee payable to the Management Company.
Refer to Section 6 of the Prospectus for further information on fees and charges.
VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors
may, at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a day which is both a Dealing Day and aSingapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
Refer to Sections8.8, 11 and 9 of the Prospectusfor further information on valuation and exiting from the product.
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o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)• The redemption proceeds that you will receive will be the redemption price
multiplied by the number of shares redeemed. An example is as follows:1,000
Sharesx $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable. CONTACT INFORMATION
HOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
CIBM : Means China interbank bond market, the over-the-counter market for bonds issued and traded in the PRC.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
High-Yield Investments Type 1
: Means an investment in debt securities which at the time of acquisition has a rating of BB+ or below (Standard & Poor’s and Fitch) or of Ba1 or below (Moody’s) or the equivalent by another rating agency or, if unrated, as determined by the Investment Manager to be of comparable quality. In case of a minimum (maximum) investment limit of High-Yield Investment Type 1 securities according to the Fund’s investment restrictions, the lowest (highest) available rating of a debt security at acquisition day is decisive for the assessment of the possible acquisition of such debt security as High-Yield Investment Type 1. Generally, there is no intention to acquire debt securities that are only rated CC, C or D (Standard & Poor’s), C, RD or D (Fitch) or Ca or C (Moody’s) unless otherwise specified.
PRC : Means the People’s Republic of China, excluding the Hong Kong Special Administrative Region, the Macau Special Administrative Region and Taiwan.
PRC bond markets
: (as of 29 March 2018) Means debt securities of the PRC which are traded and/or admitted on the CIBM either directly or indirectly through the CIBM Initiative or via Bond Connect or via a Foreign Access Regime (eg. “RQFII regulations”), and/or via other means as may be permitted by the relevant regulations from time to time.
RMB : Means the Chinese Renminbi, the official currency of the PRC and, unless the context otherwise requires, the term “RMB” refers to offshore Chinese Renminbi (“CNH”) traded offshore in Hong Kong or markets outside the PRC and not to onshore Chinese Renminbi (“CNY”).
RQFII : Means a Renminbi qualified foreign institutional investor under the RQFII regulations.
Valuation/ Dealing Day
: Means each day on which banks and exchanges in Luxembourg, Hong Kong and the PRC are open for business.
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Prepared on: 8/1/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in the
product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not comfortable with
the accompanying risks.• If you wish to purchase the product, you will need to make an application in the manner set
out in the Prospectus.
ALLIANZ DISCOVERY EUROPE OPPORTUNITIESProduct Type Collective
Investment SchemeLaunch Date 26 April 2016
ManagementCompany
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
1.21% to 1.87%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation and/or above-
average participation in price changes;o have advanced knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short timeframe.
In addition, the Fund is only suitable for investors who understand the complexity of the alternative strategies employed by the Fund and who are able to accept the product specific risks of the Fund.You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer to Section5.1 of theProspectus for furtherinformation onproduct suitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in Luxembourg aims
to provide risk adjusted returns through all market cycles by investing in the international equity and bond markets while participating in the performance of the Discovery Europe Opportunities Strategy.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”, you may instead receive distributions on 15th of every month or if it contains additional letter(s)“Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer toSections 1, 2, 5 and 17.1 of theProspectus for furtherinformation onfeatures of theproduct.
Investment Strategy• The Discovery Europe Opportunities Strategy (the “Strategy”) is in core a market
neutral long/short equity strategy. Generally, the Strategy is executed by investing in certain equities (“Long Positions”), while selling uncovered contrarian positions in other stocks (“Short Positions”) with the intention of achieving a market neutral long/short equity market exposure.
• The net market exposure (Long Positions minus Short Positions) is expected to be in a maximum range of +25% and -25%. The Strategy’s gross exposure (Long Positions plus Short Positions) is allowed to be maximum 2 times of its net asset value.
Refer to Section 5of the Prospectusfor further information on the investment strategy of the product.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961 or accessible atsg.allianzgi.com or from any of our appointed distributors.
Allianz Discovery Europe Opportunities
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• The Strategy will be managed by the Management Company (referred to in this section as the “Strategy Manager”). In general, the Strategy intends to profit from inefficiencies or market misperceptions between related securities before they have been fully appreciated in the market. The Strategy seeks to benefit from Long Positions in those stocks which are perceived as undervalued, while taking Short Positions in stocks which appear to be overpriced and are expected to fall. By taking Long and Short Positions, the Strategy seeks to reduce (or even hedge out) common equity market or systematic risks. The Strategy aims to profit from relative price movements of individual stocks independent of the direction in which the broad equity market moves.
• The Strategy will focus on equities of companies whose registered offices are in a European country (Turkey and Russia are considered to be European countries in this sense). Certificates whose risk profile typically correlate with the equities listed in the preceding sentence may be acquired.
• The investment framework employed by the Strategy Manager focuses on a bottom-up, fundamental-driven investment process.
• Fund assets may be invested in Emerging Markets.• On a temporary basis for liquidity management and/or defensive purpose and/or any
other exceptional circumstances, and if the Investment Manager considers it in the best interest of the Fund, up to 100% of Fund assets may be held in deposits and/or invested directly in money market instruments and (up to 10% of Fund assets) in money market funds.
• The Fund may use financial derivative instruments for efficient portfolio management, hedging and investment purposes.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund (the
“Company”).• The Management Company is Allianz Global Investors GmbH.• The investment management is performed by the Management Company.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer to Sections1, 3 and 4.4 of theProspectus for further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer to Section 7of the Prospectusfor further information onrisks of the product.
Market and Credit Risks• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the economic
and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to country risk in Europe.o The Fund’s investments focus on Europe, which may increase the concentration
risk. Consequently, the Fund is particularly susceptible to the adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event or development in and risks of this region, or of companies based and / or operating in this region.
o Economic or political instability in countries in which the Fund is invested may lead to a situation in which the Fund does not receive part or all of the monies owed to it in spite of the solvency of the issuer of the respective security or other assets. Currency or transfer restrictions or other legal changes, for example, may be significant in this regard.
• You may be exposed to creditworthiness risk.o The creditworthiness (ability to pay) of the issuer of an asset held by the Fund
may fall. This usually leads to a decrease in the price of the asset greater than that caused by general market fluctuations.
• You may be exposed to counterparty risk.o To the extent that transactions for the Fund are not handled through a stock
exchange or a regulated market (e.g. over the counter trades), there is a risk that a counterparty may default or not completely fulfil its obligations in addition to the general risk of settlement default. This is particularly true of over the counter financial derivative instruments and other transactions based on techniques and instruments.
• You may be exposed to currency risk.
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o The Fund may hold assets or have a share class denominated in foreign currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
• You may be exposed to emerging markets risk.o The Fund invests in emerging markets which are subject to greater liquidity risk,
currency risk, general market risk, settlement risk and custodial risk. The legal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing Days.o There is no secondary market in Singapore for the Fund. All redemption requests
may only be made in the manner described in the Prospectus.• You may be exposed to liquidity risk.o The Fund may invest in illiquid securities. Even relatively small orders of illiquid
securities can lead to significant price changes. If an asset is illiquid, there is the risk that it cannot be sold or can only be sold at a significant discount to the purchase price.
• Your right to redemption may be deferred or suspended under certain circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.
Product-Specific Risks• You may be exposed to company-specific risk.o The value of the Fund’s assets may drop significantly and for an extended period
of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii) the use
of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk of interest rate changes.o If market interest rates rise, the value of the interest-bearing assets held by the
Fund may decline substantially. This applies to an even greater degree if the Fund also holds interest-bearing securities with a longer time to maturity and a lower nominal interest rate.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital you
should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• You may be exposed to the risk of investing in high-yield investments.o Investing in high-yield investments is normally associated with increased
creditworthiness risk, risk of interest rate changes, general market risk, company-specific risk and liquidity risk.
• You may be exposed to leverage risk.o The use of leverage (based on derivatives) may cause the Fund to be more
volatile and subject to higher price movements.• You may be exposed to the risk of a market neutral long/short equity strategy.o The success of a market neutral long/short equity strategy depends primarily on
the selection of equity-oriented securities as well as on the degree of accuracy in forecasting the future performance of the equity markets. Depending on how the market does, the prices of the long and short positions could perform differently and losses in both positions could result.
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGES
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WHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):
Subscription Fee Up to 5% Redemption Fee/ Disinvestment Fee
Currently NIL
Conversion Fee Up to 5% Additional fees may be payable to Singapore distributors.
Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage depends on
the relevant share class):All-in-Fee Up to 1.80% p.a. Performance Fee Up to 20% of the outperformance vs. Euro
Overnight Index Average (EONIA)**Only applies to Share Classes denominated in EUR and Share Classes hedged against CHF, GBP, JPY and USD. For Share Classes hedged against CHF, GBP, JPY and USD, the EONIA will be hedged against the CHF, GBP, JPY and USD respectively.On the level of the Strategy (comprising its implementation), there may be additional costs of up to 3.00% p.a..The fees and expenses of the investment manager, central administration agent and depositary will be covered by the All-in-Fee payable to the Management Company.
Refer to Section 6of the Prospectusfor further information onfees and charges.
VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors may, at
their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative before 5
p.m. (Singapore time) 2 Dealing Days in advance of a specific Dealing Day (provided that the Dealing Day that is 2 Dealing Days in advance of the specific Dealing Day is also a Singapore business day), you will be paid the redemptionprice for that specific Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable.
Refer to Sections8.8, 11 and 9 of the Prospectus for further information on valuation and exiting from the product.
CONTACT INFORMATIONHOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
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APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
Valuation/Dealing Day
: Means each day on which banks and exchanges in Luxembourg, Germany and in the United Kingdom are open for business.
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Prepared on: 8/1/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.
ALLIANZ DYNAMIC ASIAN HIGH YIELD BOND
Product Type Collective Investment Scheme Launch Date 3 October 2014
Management Company
Allianz Global Investors GmbH Depositary State Street Bank
Luxembourg S.C.A.
Trustee Not applicable Dealing FrequencyEvery Dealing Daywhich is a Singapore business day
Capital Guaranteed NoExpense Ratio for Financial Year ended 30 September 2017
0.792% to 1.55%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation and/or
above-average participation in price changes;o have advanced knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short or medium timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer to Section5.1 of theProspectus for furtherinformation onproductsuitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth and income by investing in high yield rated debt securities of Asian bond markets.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”,you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer toSections 1, 2, 5 and 17.1 of theProspectus for furtherinformation onfeatures of theproduct.
Investment Strategy• Fund assets are primarily invested in high yield rated debt securities of Asian
bond markets.• Fund assets may be invested in Emerging Markets.• A minimum of 70% of Fund assets are invested in High-Yield Investments Type
1 of Asian bond markets; within this limit, up to 10% of Sub-Fund assets may be invested in debt securities that are rated CC or lower (including defaulted securities) (Standard and Poor’s).
Refer to Section 5 of theProspectus for further information on the investment strategy of the product.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961or accessible at sg.allianzgi.com or from any of our appointed distributors.2 Annualised figure.
Allianz Dynamic Asian High Yield Bond
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• A maximum of 30% of non-USD currency exposure.• A maximum of 30% of Fund assets may be invested in convertible debt
securities.• On a temporary basis for liquidity management and/or defensive purpose
and/or any other exceptional circumstances, and if the Investment Manager considers it in the best interest of the Fund, up to 100% of Fund assets may be held in deposits and/or invested directly in money market instruments and (up to 10% of Fund assets) in money market funds.
• The Fund may conduct securities lending transactions, over-the-counter (“OTC”) based repurchase and/or reverse repurchase transactions and similar OTC transactions in aggregate for up to 50% of the Fund’s assets.
• The Fund may invest in financial derivative instruments for efficient portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”).• The Management Company is Allianz Global Investors GmbH.• The Investment Manager is Allianz Global Investors Singapore Limited.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer toSections 1, 3 and 4.4 of theProspectus for further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer to Section 7 of theProspectus for further information onrisks of the product.
Market and Credit Risks• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to currency risk.o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
• You may be exposed to issuer default risk.o The issuer of securities held by the Fund may become insolvent causing its
inability to fulfill his payment obligations in a full and timely manner and causing such issued assets to become economically worthless.
• You may be exposed to creditworthiness risk.o The creditworthiness (ability to pay) of the issuer of an asset held by the Fund
may fall. This usually leads to a decrease in the price of the asset greater than that caused by general market fluctuations.
• You may be exposed to sovereign debt risk.o The Fund’s investment in interest-bearing securities issued or guaranteed by
governments may be exposed to political, social and economic risks. The sovereign issues may not be able or willing to repay the principal and/or interest or may request the Fund to participate in rescheduling such debts. The Fund may suffer significant losses when there is a default of sovereign.
• You may be exposed to country and region risk in Asia.o The Fund’s investments focus on Asia, which may increase the concentration
risk. Consequently, the Fund is particularly susceptible to the adverse
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economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event or development in and risks of this region, or of companies based and / or operating in this region.
Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus.• Your right to redemption may be deferred or suspended under certain
circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.Product-Specific Risks
• You may be exposed to the risk of interest rate changes.o If market interest rates rise, the value of the interest-bearing assets held by
the Fund may decline substantially. This applies to an even greater degree if the Fund also holds interest-bearing securities with a longer time to maturity and a lower nominal interest rate.
• You may be exposed to downgrading risk.o The credit rating of interest bearing securities held by the Fund may be
downgraded. The Fund may or may not be able to dispose of the securities that are being downgraded. This may lead to a fall in the net asset value of the Fund.
• You may be exposed to the risk of investing in high-yield investments and convertible bonds.o Investing in high-yield investments is normally associated with increased
creditworthiness risk, risk of interest rate changes, general market risk, company-specific risk and liquidity risk.
o Investing in convertible bonds is normally associated with increased creditworthiness risk, risk of default, risk of interest rate changes, prepayment risk, general market risk and liquidity risk.
• You may be exposed to valuation risk.o Valuation of the Fund assets may involve uncertainties and judgmental
determinations. If such valuation turns out to be incorrect, this may affect the net asset value calculation of the Fund.
• You may be exposed to credit rating risk.o Credit ratings assigned by rating agencies are subject to limitations and do
not guarantee the creditworthiness of the security and/or issuer at all times.• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital you
should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• You may be exposed to RMB currency risk.o The Fund may invest in assets denominated in offshore and onshore RMB.
The RMB traded in the PRC is not freely convertible and is subject to exchange control policies and restrictions imposed by the PRC authorities. Restrictions on repatriation of RMB out of the PRC may limit the depth of the RMB market available outside of the PRC, and thereby may reduce the liquidity of the Fund. The RMB may be subject to devaluation, in which case the value of the investments in RMB assets will be adversely affected. Furthermore although offshore RMB and onshore RMB are the same currency, they are traded on different and separate markets and as such, their values could differ and their exchange rates may not move in the same direction.
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
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FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):Subscription Fee Up to 5% Redemption Fee/ Disinvestment Fee Currently NIL Conversion Fee Up to 5%
Additional fees may be payable to Singapore distributors.Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage
depends on the relevant share class):All-in-Fee Up to 1.50% p.a.
The fees and expenses of the investment manager, central administration agent and depositary will be covered by the All-in-Fee payable to the Management Company.
Refer to Section 6 of theProspectus for further information onfees andcharges.
VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors may,
at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable.
Refer to Sections 8.8, 11and 9 of the Prospectus for further information on valuation and exiting from the product.
CONTACT INFORMATIONHOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
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APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
High-Yield Investments Type 1
: Means an investment in debt securities which at the time of acquisition has a rating of BB+ or below (Standard & Poor’s and Fitch) or of Ba1 or below (Moody’s) or the equivalent by another rating agency or, if unrated, as determined by the Investment Manager to be of comparable quality. In case of a minimum (maximum) investment limit of High-Yield Investment Type 1 securities according to the Fund’s investment restrictions, the lowest (highest) available rating of a debt security at acquisition day is decisive for the assessment of the possible acquisition of such debt security as High-Yield Investment Type 1. Generally, there is no intention to acquire debt securities that are only rated CC, C or D (Standard & Poor’s), C, RD or D (Fitch) or Ca or C (Moody’s) unless otherwise specified.
High-Yield Investments Type 2
: Means an investment in debt securities which at the time of acquisition has a rating of between BB+ and B- (inclusive) (Standard & Poor’s and Fitch) or of between Ba1 and B3 (inclusive) (Moody’s) or the equivalent by another rating agency or, if unrated, as determined by the Investment Manager to be of comparable quality. In case of a minimum (maximum) investment limit of High-Yield Investment Type 2 securities according to the Fund’s investment restrictions, the lowest (highest) available rating of a debt security at acquisition day is decisive for the assessment of the possible acquisition of such debt security as High-Yield Investment Type 2.
PRC : Means the People’s Republic of China, excluding the Hong Kong Special Administrative Region, the Macau Special Administrative Region and Taiwan.
RMB : Means the Chinese Renminbi, the official currency of the PRC and, unless the context otherwise requires, the term “RMB” refers to offshore Chinese Renminbi (“CNH”) traded offshore in Hong Kong or markets outside the PRC and not to onshore Chinese Renminbi (“CNY”).
Valuation/Dealing Day
: Means each day on which banks and exchanges in Luxembourg and Singapore are open for business.
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Prepared on: 8/1/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.
ALLIANZ DYNAMIC ASIAN INVESTMENT GRADE BOND
Product Type Collective Investment Scheme
Launch Date 5 April 2016
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Daywhich is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
0.542% to 1.30%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:
o pursue the objective of general capital formation/asset optimisation and/or above-average participation in price changes;
o have advanced knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short or medium timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer to Section5.1 of theProspectus for furtherinformation onproductsuitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth and income by investing in Asian bond markets.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”,you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer toSections 1, 2, 5 and 17.1 of theProspectus for furtherinformation onfeatures of theproduct.
Investment Strategy• The Fund invests primarily in Asian bond markets.• Fund assets may be invested in Emerging Markets.• A minimum of 70% of Fund assets are invested in debt securities from an Asian
country with Investment Grade.• A maximum of 30% of Fund assets may be invested in debt securities issued or
Refer to Section 5 of theProspectus for further information on
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961or accessible at sg.allianzgi.com or from any of our appointed distributors.2 Annualised figure.
Allianz Dynamic Asian Investment Grade Bond
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guaranteed by governments, municipalities, agencies, supra-nationals, central, regional or local authority of the US with Investment Grade.
• A maximum of 30% of Fund assets may be invested in preference shares issued by corporates of an Asian country.
• On a temporary basis for liquidity management and/or defensive purpose and/or any other exceptional circumstances, and if the Investment Manager considers it in the best interest of the Fund, up to 100% of Fund assets may be held in deposits and/or invested directly in money market instruments and (up to 10% of Fund assets) in money market funds.
• The Fund may conduct securities lending transactions, over-the-counter (“OTC”) based repurchase and/or reverse repurchase transactions and similar OTC transactions in aggregate for up to 50% of the Fund’s assets.
• The Fund may invest in financial derivative instruments for efficient portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
the investment strategy of the product.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”).• The Management Company is Allianz Global Investors GmbH.• The Investment Manager is Allianz Global Investors Singapore Limited.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer toSections 1, 3 and 4.4 of theProspectus for further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer to Section 7 of theProspectus for further information onrisks of the product.
Market and Credit Risks• You may be exposed to creditworthiness risk.o The creditworthiness (ability to pay) of the issuer of an asset held by the Fund
may fall. This usually leads to a decrease in the price of the asset greater than that caused by general market fluctuations.
• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to emerging markets risk.o The Fund invests in emerging markets which are subject to greater liquidity
risk, currency risk, general market risk, settlement risk and custodial risk. The legal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
• You may be exposed to currency risk.o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus.• You may be exposed to liquidity risk.
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o The Fund may invest in illiquid securities. Even relatively small orders of illiquid securities can lead to significant price changes. If an asset is illiquid, there is the risk that it cannot be sold or can only be sold at a significant discount to the purchase price.
• Your right to redemption may be deferred or suspended under certain circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.
Product-Specific Risks• You may be exposed to the risk of interest rate changes.o If market interest rates rise, the value of the interest-bearing assets held by
the Fund may decline substantially. This applies to an even greater degree if the Fund also holds interest-bearing securities with a longer time to maturity and a lower nominal interest rate.
• You may be exposed to company-specific risk.o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital you
should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):Subscription Fee Up to 3%Redemption Fee/ Disinvestment Fee Currently NIL Conversion Fee Up to 3%
Additional fees may be payable to Singapore distributors.Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage
depends on the relevant share class):All-in-Fee Up to 1.25% p.a.
The fees and expenses of the investment manager, central administration agent and depositary will be covered by the All-in-Fee payable to the Management Company.
Refer to Section 6 of theProspectus for further information onfees andcharges.
VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors may,
at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are
Refer to Sections 8.8, 11and 9 of the Prospectus for further information on valuation and exiting from the product.
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subject to minimum redemption and minimum holding amounts.• You should normally receive the sale proceeds within 6 Valuation Days after
the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable. CONTACT INFORMATION
HOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
Investment Grade
: Means an investment in debt securities which at the time of acquisition has a rating of at least BBB- (Standard & Poor’s and Fitch) or of at least Baa3 (Moody’s) or the equivalent by another rating agency or, if unrated, as determined by the Investment Manager to be of comparable quality.Please refer to this definition in the Luxembourg Prospectus for further information.
Valuation/Dealing Day
: Means each day on which banks and exchanges in Luxembourg and Singapore are open for business.
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Prepared on: 8/1/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.
ALLIANZ EMERGING ASIA EQUITY
Product Type Collective Investment Scheme
Launch Date 3 October 2008
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
1.28% to 2.28%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation and/or
above-average participation in price changes;o have advanced knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short or medium timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer to Section5.1 of theProspectus for furtherinformation onproductsuitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth by investing in developing Asian equity markets, excluding Japan, Hong Kong and Singapore.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”,you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer toSections 1, 2, 5 and 17.1 of theProspectus for furtherinformation onfeatures of theproduct.
Investment Strategy• A minimum of 70% of Fund assets are invested in developing Asian equity
markets, excluding Japan, Hong Kong and Singapore.• Fund assets may be invested in Emerging Markets.• A maximum of 30% of Fund assets may be invested into the China A-Shares
market either directly through Stock Connect or indirectly through eligible instruments.
• The Fund may invest in financial derivative instruments for efficient portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
Refer to Section 5 of theProspectus for further information on the investment strategy of the product.
Parties Involved
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961or accessible at sg.allianzgi.com or from any of our appointed distributors.
Allianz Emerging Asia Equity
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WHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”).• The Management Company is Allianz Global Investors GmbH.• The Investment Manager is Allianz Global Investors Asia Pacific Limited.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer toSections 1, 3 and 4.4 of theProspectus for further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer to Section 7 of theProspectus for further information onrisks of the product.
Market and Credit Risks• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to currency risk.o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
• You may be exposed to country and region risk in Asia.o The Fund’s investments focus on developing Asian countries (excluding
Japan, Hong Kong and Singapore), which may increase the concentration risk. Consequently, the Fund is particularly susceptible to the adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event or development in and risks of this region, or of companies based and / or operating in this region.
• You may be exposed to emerging markets risk.oThe Fund invests in emerging markets which are subject to greater liquidity
risk, currency risk, general market risk, settlement risk and custodial risk. The legal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus.• Your right to redemption may be deferred or suspended under certain
circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.Product-Specific Risks
• You may be exposed to company-specific risk.o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital you
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should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• You may be exposed to PRC tax risk.o It is possible that the current tax laws, regulations and practices in the PRC
will change (which may have retrospective effect). Any increased tax liabilities on the Fund may adversely affect the Fund’s value.
o If no or inadequate provision for potential withholding tax is made and in the event that the PRC tax authorities enforce the imposition of such withholding tax, the net asset value of the Fund may be adversely affected. Depending on the timing of their subscriptions and/or redemptions, investors may be disadvantaged as a result of any shortfall of tax provision.
• You may be exposed to the risk of investing in China A-Shares.o The Fund assets may be invested in China A-Shares. The securities market in
the PRC, including China A-Shares, may be more volatile and unstable (for example, due to the risk of suspension/limitation in trading of a particular stock or government intervention) than markets in more developed countries and has potential settlement difficulties. This may result in significant fluctuations in the prices of securities traded in such market and thereby affecting the prices of shares of the Fund.
• You may be exposed to the risks of using Stock Connect programmes.o The regulations relating to the Stock Connect programmes are untested and
subject to change which may have potential retrospective effect. There is no certainty as to how they will be applied.
o The Fund will also be subject to other risks in connection with its investments in China A-Shares via Stock Connect programmes such as regulatory risks, taxation risk and RMB currency risk in relation to Stock Connect programmes.
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class:Subscription Fee Up to 5%Redemption Fee/ Disinvestment Fee Currently NILConversion Fee Up to 5%
Additional fees may be payable to Singapore distributors.Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges:
All-in-Fee Up to 2.25% p.a.The fees and expenses of the investment manager, central administration agentand depositary will be covered by the All-in-Fee payable to the Management Company.
Refer to Section 6 of theProspectus for further information onfees andcharges.
VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors may,
at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative before
5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.
Refer to Sections 8.8, 11and 9 of the Prospectus for further information on valuation and exiting from the product.
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(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable. CONTACT INFORMATION
HOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
PRC : Means the People’s Republic of China, excluding the Hong Kong Special Administrative Region, the Macau Special Administrative Region and Taiwan.
RMB : Means the Chinese Renminbi, the official currency of the PRC and, unless the context otherwise requires, the term “RMB” refers to offshore Chinese Renminbi (“CNH”) traded offshore in Hong Kong or markets outside the PRC and not to onshore Chinese Renminbi (“CNY”).
Stock Connect : Means the program which aims to achieve mutual stock market access between PRC and Hong Kong.
Valuation/Dealing Day
: Means each day on which banks and exchanges in Luxembourg and Hong Kong are open for business.
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Allianz Emerging Markets Select Bond
Prepared on: 28/2/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.
ALLIANZ EMERGING MARKETS SELECT BONDProduct Type Collective
Investment SchemeLaunch Date 28 October 2014
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
0.79%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation;o have advanced knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer to Section5.1 of the Prospectus for further information on product suitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide superior risks adjusted returns through a complete market cycle by investing in emerging bond markets.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”,you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer to Sections 1, 2, 5and 17.1 of the Prospectus for further information on features of the product.
Investment Strategy• Fund assets are primarily invested in emerging bond markets.• A minimum of 70% of Fund assets are invested in debt securities of emerging
bond markets.• A minimum of 70% of Fund assets are invested in Emerging Markets or in
countries which are constituents of the JP Morgan Emerging Market Bond
Refer to Section 5 of the Prospectus for further information on
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961 or accessible at sg.allianzgi.com or from any of our appointed distributors.
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Index Global Diversified or of the JP Morgan Corporate Emerging Market Bond Index or of the JP Morgan GBI-EM Global Index.
• (until 28 March 2018) Fund assets may be invested in High-Yield Investments Type 1, however assets that are only rated CC, C or D (Standard and Poor’s), Ca or C (Moody’s) or C, RD or D (Fitch) may be acquired
• (as of 29 March 2018) Fund assets may be invested in High-Yield Investments Type 1, however Sub-Fund assets may be invested in Debt Securities that are only rated CC (Standard & Poor’s) or lower (including max. 10% of defaulted securities).
• On a temporary basis for liquidity management and/or defensive purpose and/or any other exceptional circumstances, and if the Investment Manager considers it in the best interest of the Fund, up to 100% of Fund assets may be held in deposits and/or invested directly in money market instruments and (up to 10% of Fund assets) in money market funds.
• The Fund may conduct securities lending transactions, over-the-counter (“OTC”) based repurchase and/or reverse repurchase transactions and similar OTC transactions in aggregate for up to 50% of the Fund’s assets.
• The Fund may invest in financial derivative instruments for efficient portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
the investment strategy of the product.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”).• The Management Company is Allianz Global Investors GmbH.• The investment management is performed by the Management Company
through its UK branch.• The Sub-Investment Managers are Allianz Global Investors U.S. LLC and
Allianz Global Investors Asia Pacific Limited.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer to Sections 1, 3 and 4.4 of the Prospectus for further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer to Section 7 of the Prospectus for further information on risks of the product.
Market and Credit Risks• You may be exposed to general market risk. o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to emerging markets risk.o The Fund invests in emerging markets which are subject to greater liquidity
risk, currency risk, general market risk, settlement risk and custodial risk. The legal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
• You may be exposed to creditworthiness risk.o The creditworthiness (ability to pay) of the issuer of an asset held by the
Fund may fall. This usually leads to a decrease in the price of the asset greater than that caused by general market fluctuations.
• You may be exposed to issuer default risk.o The issuer of securities held by the Fund may become insolvent causing its
inability to fulfill his payment obligations in a full and timely manner and
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causing such issued assets to become economically worthless. • You may be exposed to currency risk.o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus.• Your right to redemption may be deferred or suspended under certain
circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.Product-Specific Risks
• You may be exposed to derivatives risk. o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital
you should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• You may be exposed to the risk of investing in high-yield investments.o Investing in high-yield investments is normally associated with increased
creditworthiness risk, risk of interest rate changes, general market risk, company-specific risk and liquidity risk.
• You may be exposed to leverage risk.o The use of leverage (based on derivatives) may cause the Fund to be more
volatile and subject to higher price movements.• You may be exposed to downgrading risk.o The credit rating of interest bearing securities held by the Fund may be
downgraded. The Fund may or may not be able to dispose of the securities that are being downgraded. This may lead to a fall in the net asset value of the Fund.
• You may be exposed to credit rating risk.o Credit ratings assigned by rating agencies are subject to limitations and do
not guarantee the creditworthiness of the security and/or issuer at all times.• You may be exposed to the risk of interest rate changes.o If market interest rates rise, the value of the interest-bearing assets held by
the Fund may decline substantially. This applies to an even greater degree if the Fund also holds interest-bearing securities with a longer time to maturity and a lower nominal interest rate.
• You may be exposed to valuation risk.o Valuation of the Fund assets may involve uncertainties and judgmental
determinations. If such valuation turns out to be incorrect, this may affect the net asset value calculation of the Fund.
• You may be exposed to concentration risk. o The Fund focuses its investments on emerging bond markets, which may
reduce risk diversification. Consequently, the Fund may be particularly dependent on the development of these markets or related markets or companies of such markets.
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• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):Subscription Fee Up to 5% Redemption Fee/ Disinvestment Fee
Currently NIL
Conversion Fee Up to 5% Additional fees may be payable to Singapore distributors.
Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage depends
on the relevant share class):All-in-Fee Up to 2.00% p.a.
The fees and expenses of the investment manager, central administration agent and depositary will be covered by the All-in-Fee payable to the Management Company.
Refer to Section 6 of the Prospectus for further information on fees and charges.
VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors
may, at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redempti
Proceed
*There is currently no redemption fee / disinvestment fee payable.
Refer to Sections 8.8, 11 and 9 of the Prospectus for further information on valuation and exiting from the product.
CONTACT INFORMATIONHOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
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APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
High-Yield Investments Type 1
: Means an investment in debt securities which at the time of acquisition has a rating of BB+ or below (Standard & Poor’s and Fitch) or of Ba1 or below (Moody’s) or the equivalent by another rating agency or, if unrated, as determined by the Investment Manager to be of comparable quality. In case of a minimum (maximum) investment limit of High-Yield Investment Type 1 securities according to the Fund’s investment restrictions, the lowest (highest) available rating of a debt security at acquisition day is decisive for the assessment of the possible acquisition of such debt security as High-Yield Investment Type 1. Generally, there is no intention to acquire debt securities that are only rated CC, C or D (Standard & Poor’s), C, RD or D (Fitch) or Ca or C (Moody’s) unless otherwise specified.
Valuation/ Dealing Day
: Means each day on which banks and exchanges in Luxembourg, the United Kingdom and New York are open for business.
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Prepared on: 8/1/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.
ALLIANZ EMERGING MARKETS SHORT DURATION DEFENSIVE BONDProduct Type Collective
Investment SchemeLaunch Date 1 April 2014
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
0.50% to 1.04%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation;o have advanced knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer toSection 5.1 oftheProspectusfor furtherinformationon productsuitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in Luxembourg that
aims to provide long-term capital growth and income by investing in short duration debt securities of emerging bond markets denominated in USD.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”, you may instead receive distributions on 15th of every month or if it contains additional letter(s)“Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer toSections 1, 2, 5 and 17.1 of theProspectusfor furtherinformationon features ofthe product.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961or accessible at sg.allianzgi.com or from any of our appointed distributors.
Allianz Emerging Markets Short Duration Defensive Bond
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Investment Strategy• Fund assets are primarily invested in short duration emerging bond markets
denominated in USD.• A minimum of 70% of Fund assets are invested in short duration debt securities of
emerging bond markets denominated in USD and with a rating of B- (Standard & Poor’s) or better.
• A minimum of 70% of Fund assets are invested in Emerging Markets or in countries which are constituents of the JP Morgan Emerging Market Bond Index Global Diversified or the JP Morgan Corporate Emerging Market Bond Index.
• Fund assets may be invested in High-Yield Investments Type 2.• On a temporary basis for liquidity management and/or defensive purpose and/or
any other exceptional circumstances, and if the Investment Manager considers it in the best interest of the Fund, up to 100% of Fund assets may be held in deposits and/or invested directly in money market instruments and (up to 10% of Fund assets) in money market funds.
• The Fund may conduct securities lending transactions, over-the-counter (“OTC”) based repurchase and/or reverse repurchase transactions and similar OTC transactions in aggregate for up to 50% of the Fund’s assets.
• The Fund may invest in financial derivative instruments for efficient portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
Refer toSection 5 of theProspectusfor further information on the investment strategy of the product.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund (the
“Company”).• The Management Company is Allianz Global Investors GmbH.• The investment management is performed by the Management Company through
its UK branch.• The Sub-Investment Managers are Allianz Global Investors U.S. LLC and Allianz
Global Investors Asia Pacific Limited.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer toSections 1, 3 and 4.4 of theProspectusfor further information on the role andresponsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer toSection 7 of theProspectusfor further informationon risks of the product.
Market and Credit Risks• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the economic
and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption requests
may only be made in the manner described in the Prospectus.• Your right to redemption may be deferred or suspended under certain
circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.
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Product-Specific Risks• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii) the use
of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital you
should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• You may be exposed to the risk of investing in high-yield investments.o Investing in high-yield investments is normally associated with increased
creditworthiness risk, risk of interest rate changes, general market risk, company-specific risk and liquidity risk.
• You may be exposed to leverage risk.o The use of leverage (based on derivatives) may cause the Fund to be more
volatile and subject to higher price movements.• The net asset value of the Fund may likely have a high volatility due to the
investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):Subscription Fee Up to 5%Redemption Fee/ Disinvestment Fee
Currently NIL
Conversion Fee Up to 5%Additional fees may be payable to Singapore distributors.
Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage depends on
the relevant share class):All-in-Fee Up to 0.99% p.a.
The fees and expenses of the investment manager, central administration agent anddepositary will be covered by the All-in-Fee payable to the Management Company.
Refer toSection 6 of theProspectusfor further informationon fees andcharges.
VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors may, at
their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have
Refer to Sections 8.8,11 and 9 of the Prospectusfor further information on valuation and exiting from the product.
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agreed with the Singapore Representative or Singapore distributor).• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative before 5
p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable. CONTACT INFORMATION
HOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
High-Yield Investments Type 2
: Means an investment in debt securities which at the time of acquisition has a rating of between BB+ and B- (inclusive) (Standard & Poor’s and Fitch) or of between Ba1 and B3 (inclusive) (Moody’s) or the equivalent by another rating agency or, if unrated, as determined by the Investment Manager to be of comparable quality. In case of a minimum (maximum) investment limit of High-Yield Investment Type 2 securities according to the Fund’s investment restrictions, the lowest (highest) available rating of a debt security at acquisition day is decisive for the assessment of the possible acquisition of such debt security as High-Yield Investment Type 2.
Valuation/Dealing Day
: Means each day on which banks and exchanges in Luxembourg, the United Kingdom and New York are open for business.
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Prepared on: 8/1/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.
ALLIANZ ENHANCED SHORT TERM EURO
Product Type Collective Investment Scheme
Launch Date 17 April 2007
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Daywhich is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
0.24% to 0.30%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation;o have basic knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer toSection 5.1 oftheProspectus for furtherinformation onproductsuitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth above the average return of the Euro money markets by investing in global bond markets with Euro exposure.With the objective of achieving additional returns, the Investment Manager may also assume separate risks related to bonds and money market instruments and may engage in foreign currency overlay and thus may also assume separate currency risks, even if the Fund does not include any assets denominated in these respective currencies.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”, you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer toSections 1, 2, 5 and 17.1 of theProspectusfor furtherinformation onfeatures of theproduct.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961or accessible at sg.allianzgi.com or from any of our appointed distributors.
Allianz Enhanced Short Term Euro
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Investment Strategy• Fund assets are primarily invested in global bond markets with Euro exposure.• Fund assets may be invested in Emerging Markets.• Fund assets may be held in deposits and may be invested in debt securities
and/or money market instruments. The residual term of each debt security must not exceed 2.5 years.
• A maximum of 65% of Fund assets may be invested in debt securities (excluding money market instruments) with a rating of BBB+ (Standard & Poor’s and Fitch) or Baa1 (Moody’s) or better.
• On a temporary basis for liquidity management and/or defensive purpose and/or any other exceptional circumstances, and if the Investment Manager considers it in the best interest of the Fund, up to 100% of Fund assets may be held in deposits and/or invested directly in money market instruments and (up to 10% of Fund assets) in money market funds.
• The Fund may conduct securities lending transactions, over-the-counter (“OTC”) based repurchase and/or reverse repurchase transactions and similar OTC transactions in aggregate for up to 50% of the Fund’s assets.
• The Fund may use financial derivative instruments for efficient portfolio management, hedging purposes and investment purposes.
Refer toSection 5 of theProspectusfor further information on the investment strategy of the product.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”).• The Management Company is Allianz Global Investors GmbH.• The investment management is performed by the Management Company.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer toSections 1, 3 and 4.4 of theProspectus for further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer toSection 7 of theProspectusfor further information onrisks of the product.
Market and Credit Risks• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to issuer default risk.o The issuer of securities held by the Fund may become insolvent causing its
inability to fulfill his payment obligations in a full and timely manner andcausing such issued assets to become economically worthless.
• You may be exposed to creditworthiness risk.o The creditworthiness (ability to pay) of the issuer of an asset held by the Fund
may fall. This usually leads to a decrease in the price of the asset greater than that caused by general market fluctuations.
• You may be exposed to volatility and liquidity risk.o Investments in securities in certain developing markets may be subject to
higher volatility and lower liquidity compared to more developed markets.• You may be exposed to country and region risk in Europe.o The Fund’s investments focus on Europe, which may increase the
concentration risk. Consequently, the Fund is particularly susceptible to the adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event or development in and risks of this region, or of companies based and / or operating in this region.
o Economic or political instability in countries in which the Fund is invested may lead to a situation in which the Fund does not receive part or all of the monies owed to it in spite of the solvency of the issuer of the respective security or
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other assets. Currency or transfer restrictions or other legal changes, for example, may be significant in this regard.
• You may be exposed to European country risk.o There is the possibility that economic and financial difficulties in Europe may
continue to get worse or spread within and outside the Europe, and may lead to one or several countries exiting the Eurozone or default of a sovereign within the Eurozone. Measures taken by the governments of the European countries, central banks and other authorities to address the fiscal conditions and concerns, such as austerity measures and reforms, may not work. The impact of such events on the Fund may be significant and the increased risks (such as increased volatility, liquidity and currency risk associated with investments in Europe) may adversely affect the net asset value of the Fund.
• You may be exposed to emerging markets risk.o The Fund invests in emerging markets which are subject to greater liquidity
risk, currency risk, general market risk, settlement risk and custodial risk. The legal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus.• You may be exposed to liquidity risk.o The Fund may invest in illiquid securities. Even relatively small orders of
illiquid securities can lead to significant price changes. If an asset is illiquid, there is the risk that it cannot be sold or can only be sold at a significant discount to the purchase price.
• Your right to redemption may be deferred or suspended under certain circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.
Product-Specific Risks• You may be exposed to the risk of interest rate changes.o If market interest rates rise, the value of the interest-bearing assets held by the
Fund may decline substantially. This applies to an even greater degree if the Fund also holds interest-bearing securities with a longer time to maturity and a lower nominal interest rate.
• You may be exposed to downgrading risk.o The credit rating of interest bearing securities held by the Fund may be
downgraded. The Fund may or may not be able to dispose of the securities that are being downgraded. This may lead to a fall in the net asset value of the Fund.
• You may be exposed to credit rating risk.o Credit ratings assigned by rating agencies are subject to limitations and do not
guarantee the creditworthiness of the security and/or issuer at all times.• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to active currency positions risk.o As the active currency derivative positions implemented by the Fund may not
be correlated with the underlying securities positions held by the Fund, the Fund may suffer a significant or total loss even if there is no loss of the value of the underlying securities positions held by the Fund.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital you
should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
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FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):Subscription Fee Currently NIL Redemption Fee/ Disinvestment Fee Currently NIL Conversion Fee Currently NIL
Additional fees may be payable to Singapore distributors.Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage depends on
the relevant share class):All-in-Fee Up to 0.45% p.a.Performance fee Up to 20% of the outperformance vs. Euro
Overnight Index Average (EONIA)**Does not apply to Share Classes A, AT, C and CTThe fees and expenses of the investment manager, central administration agentand depositary will be covered by the All-in-Fee payable to the Management Company.
Refer toSection 6 of theProspectus for further information onfees andcharges.
VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors may,
at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative before
5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable.
Refer to Sections 8.8,11 and 9 of the Prospectus for further information on valuation and exiting from the product.
CONTACT INFORMATIONHOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
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APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
Valuation/Dealing Day
: Means a Business Day.
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Prepared on: 8/1/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.ALLIANZ EURO HIGH YIELD BOND
Product Type Collective Investment Scheme
Launch Date 9 February 2010
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
0.80% to 1.40%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation;o have basic knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer toSection 5.1 oftheProspectusfor furtherinformationon productsuitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in Luxembourg that
aims to provide long-term capital growth by investing in high yield rated debt securities denominated in EUR.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”, you may instead receive distributions on 15th of every month or if it contains additional letter(s)“Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer toSections 1, 2, 5 and 17.1 of theProspectusfor furtherinformationon features ofthe product.
Investment Strategy• Fund assets are primarily invested in high yield rated debt securities denominated in
EUR.• A minimum of 70% of Fund assets are invested in High-Yield Investments Type
2.• On a temporary basis for liquidity management and/or defensive purpose and/or
any other exceptional circumstances, and if the Investment Manager considers it in the best interest of the Fund, up to 100% of Fund assets may be held in deposits and/or invested directly in money market instruments and (up to 10% of Fund assets) in money market funds.
• The Fund may conduct securities lending transactions, over-the-counter (“OTC”) based repurchase and/or reverse repurchase transactions and similar OTC transactions in aggregate for up to 50% of the Fund’s assets.
Refer toSection 5 of theProspectusfor further information on the investment strategy of the product.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961or accessible at sg.allianzgi.com or from any of our appointed distributors.
Allianz Euro High Yield Bond
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• The Fund may use financial derivative instruments for efficient portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund (the
“Company”).• The Management Company is Allianz Global Investors GmbH.• The investment management is performed by the Management Company through
its France branch.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer toSections 1, 3 and 4.4 of theProspectusfor further information on the role andresponsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer toSection 7 of theProspectusfor further informationon risks of the product.
Market and Credit Risks• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the economic
and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to currency risk.o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
• You may be exposed to issuer default risk.o The issuer of securities held by the Fund may become insolvent causing its
inability to fulfill his payment obligations in a full and timely manner and causing such issued assets to become economically worthless.
• You may be exposed to creditworthiness risk.o The creditworthiness (ability to pay) of the issuer of an asset held by the Fund
may fall. This usually leads to a decrease in the price of the asset greater than that caused by general market fluctuations.
• You may be exposed to sovereign debt risk.o The Fund’s investment in interest-bearing securities issued or guaranteed by
governments may be exposed to political, social and economic risks. The sovereign issues may not be able or willing to repay the principal and/or interest or may request the Fund to participate in rescheduling such debts. The Fund may suffer significant losses when there is a default of sovereign debt issuers.
• You may be exposed to country and region risk in Europe.o The Fund’s investments focus on Europe, which may increase the concentration
risk. Consequently, the Fund is particularly susceptible to the adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event or development in and risks of this region, or of companies based and / or operating in this region.
o Economic or political instability in countries in which the Fund is invested may lead to a situation in which the Fund does not receive part or all of the monies owed to it in spite of the solvency of the issuer of the respective security or other assets. Currency or transfer restrictions or other legal changes, for example, may be significant in this regard.
• You may be exposed to European country risk.o There is the possibility that economic and financial difficulties in Europe may
continue to get worse or spread within and outside the Europe, and may lead to one or several countries exiting the Eurozone or default of a sovereign within the Eurozone. Measures taken by the governments of the European countries,
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central banks and other authorities to address the fiscal conditions and concerns, such as austerity measures and reforms, may not work. The impact of such events on the Fund may be significant and the increased risks (such as increased volatility, liquidity and currency risk associated with investments in Europe) may adversely affect the net asset value of the Fund.
• You may be exposed to emerging markets risk.o The Fund invests in emerging markets which are subject to greater liquidity risk,
currency risk, general market risk, settlement risk and custodial risk. The legal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus.• You may be exposed to liquidity risk.o The Fund may invest in illiquid securities. Even relatively small orders of illiquid
securities can lead to significant price changes. If an asset is illiquid, there is the risk that it cannot be sold or can only be sold at a significant discount to the purchase price.
• Your right to redemption may be deferred or suspended under certain circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.
Product-Specific Risks• You may be exposed to company-specific risk. o The value of the Fund’s assets may drop significantly and for an extended period
of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
• You may be exposed to the risk of interest rate changes. o If market interest rates rise, the value of the interest-bearing assets held by the
Fund may decline substantially. This applies to an even greater degree if the Fund also holds interest-bearing securities with a longer time to maturity and a lower nominal interest rate.
• You may be exposed to downgrading risk.o The credit rating of interest bearing securities held by the Fund may be
downgraded. The Fund may or may not be able to dispose of the securities that are being downgraded. This may lead to a fall in the net asset value of the Fund.
• You may be exposed to the risk of investing in high-yield investments and convertible bonds.o Investing in high-yield investments is normally associated with increased
creditworthiness risk, risk of interest rate changes, general market risk, company-specific risk and liquidity risk.
o Investing in convertible bonds is normally associated with increased creditworthiness risk, risk of default, risk of interest rate changes, prepayment risk, general market risk and liquidity risk.
• You may be exposed to valuation risk. o Valuation of the Fund assets may involve uncertainties and judgmental
determinations. If such valuation turns out to be incorrect, this may affect the net asset value calculation of the Fund.
• You may be exposed to credit rating risk. o Credit ratings assigned by rating agencies are subject to limitations and do not
guarantee the creditworthiness of the security and/or issuer at all times.• You may be exposed to derivatives risk. o (i) The derivatives may be misvalued or may have varying valuations; (ii) the use
of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital you
should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect
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of the Fund.FEES AND CHARGES
WHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):Subscription Fee Up to 3% Redemption Fee/ Disinvestment Fee
Currently NIL
Conversion Fee Up to 3% Additional fees may be payable to Singapore distributors.
Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage depends on
the relevant share class):All-in-Fee Up to 1.35% p.a.
The fees and expenses of the investment manager, central administration agent anddepositary will be covered by the All-in-Fee payable to the Management Company.
Refer toSection 6 of theProspectusfor further informationon fees andcharges.
VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors may, at
their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative before 5
p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable.
Refer to Sections 8.8,11 and 9 of the Prospectusfor further information on valuation and exiting from the product.
CONTACT INFORMATIONHOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
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APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
High-Yield InvestmentsType 2
: Means an investment in debt securities which at the time of acquisition has a rating of between BB+ and B- (inclusive) (Standard & Poor’s and Fitch) or of between Ba1 and B3 (inclusive) (Moody’s) or the equivalent by another rating agency or, if unrated, as determined by the Investment Manager to be of comparable quality. In case of a minimum (maximum) investment limit of High-Yield Investment Type 2 securities according to the Fund’s investment restrictions, the lowest (highest) available rating of a debt security at acquisition day is decisive for the assessment of the possible acquisition of such debt security as High-Yield Investment Type 2.
Valuation/Dealing Day
: Means each day on which banks and exchanges in Luxembourg, France, and the United Kingdom are open for business.
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Prepared on: 8/1/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.
ALLIANZ EUROLAND EQUITY GROWTH
Product Type Collective Investment Scheme
Launch Date 2 October 2006
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Daywhich is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
0.70% to 1.84%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation and/or
above-average participation in price changes;o have basic knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short or medium timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer toSection 5.1 ofthe Prospectusfor furtherinformation onproductsuitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth by investing in Eurozone equity markets with a focus on growth stocks.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”,you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer toSections 1, 2, 5 and 17.1 of theProspectus for furtherinformation onfeatures of theproduct.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961or accessible at sg.allianzgi.com or from any of our appointed distributors.
Allianz Euroland Equity Growth
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Investment Strategy• A minimum of 75% of Fund assets are permanently physically invested in
Eurozone equity markets with a focus on growth stocks. • Up to 20% of Sub-Fund assets may be invested in equities of companies whose
registered offices are in countries participating in the Exchange Rate Mechanism II.
• The Fund may invest in financial derivative instruments for efficient portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
Refer toSection 5 of the Prospectusfor further information on the investment strategy of the product.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”).• The Management Company is Allianz Global Investors GmbH.• The investment management is performed by the Management Company.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer toSections 1, 3 and 4.4 of theProspectus for further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer toSection 7 of the Prospectusfor further information onrisks of the product.
Market and Credit Risks• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the economic
and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to country and region risk in the Eurozone.o The Fund’s investments focus on the Eurozone, which may increase the
concentration risk. Consequently, the Fund is particularly susceptible to the adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event or development in and risks of this region, or of companies based and / or operating in this region.
o Economic or political instability in countries in which the Fund is invested may lead to a situation in which the Fund does not receive part or all of the monies owed to it in spite of the solvency of the issuer of the respective security or other assets. Currency or transfer restrictions or other legal changes, for example, may be significant in this regard.
• You may be exposed to European country risk.o There is the possibility that economic and financial difficulties in Europe may
continue to get worse or spread within and outside the Europe, and may lead to one or several countries exiting the Eurozone or default of a sovereign within the Eurozone. Measures taken by the governments of the European countries, central banks and other authorities to address the fiscal conditions and concerns, such as austerity measures and reforms, may not work. The impact of such events on the Fund may be significant and the increased risks (such as increased volatility, liquidity and currency risk associated with investments in Europe) may adversely affect the net asset value of the Fund.
• You may be exposed to emerging markets risk.o The Fund invests in emerging markets which are subject to greater liquidity
risk, currency risk, general market risk, settlement risk and custodial risk. Thelegal, taxation and regulatory environment and the accounting, auditing and
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reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus.• Your right to redemption may be deferred or suspended under certain
circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.Product-Specific Risks
• You may be exposed to company-specific risk.o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital you
should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):Subscription Fee Up to 5%Redemption Fee/ Disinvestment Fee
Currently NIL
Conversion Fee Up to 5%Additional fees may be payable to Singapore distributors.
Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage depends
on the relevant share class):All-in-Fee Up to 1.80% p.a.
The fees and expenses of the investment manager, central administration agentand depositary will be covered by the All-in-Fee payable to the Management Company.
Refer toSection 6 of the Prospectusfor further information onfees andcharges.
VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors may,
at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore
Refer to Sections 8.8,11 and 9 of the Prospectus for further information on valuation and exiting from the
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distributor.• You can exit the Fund by submitting to the Singapore Representative or
Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative before
5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable.
product.
CONTACT INFORMATIONHOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Valuation/Dealing Day
: Means a Business Day.
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Prepared on: 8/1/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.
ALLIANZ EUROPE CONVICTION EQUITY
Product Type Collective Investment Scheme
Launch Date 7 November 2008
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
0.952% to 1.85%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation and/or
above-average participation in price changes;o have basic knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short or medium timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer toSection 5.1 oftheProspectusfor furtherinformationon productsuitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth by investing in European equity markets.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”,you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer toSections 1, 2, 5 and 17.1 of theProspectusfor furtherinformationon features ofthe product.
Investment Strategy• A minimum of 75% of Fund assets are permanently physically invested in
European equity markets.• The Fund may invest in financial derivative instruments for efficient
portfolio management (including for hedging) but will not invest primarily
Refer toSection 5 of theProspectus
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961or accessible at sg.allianzgi.com or from any of our appointed distributors.2 Annualised figure.
Allianz Europe Conviction Equity
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or extensively in financial derivative instruments for investment purposes.
for further information on the investment strategy of the product.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”).• The Management Company is Allianz Global Investors GmbH.• The investment management is performed by the Management Company.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer toSections 1, 3 and 4.4 of theProspectusfor further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer toSection 7 of theProspectusfor further informationon risks of the product.
Market and Credit Risks• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to currency risk.o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
• You may be exposed to country and region risk in Europe.o The Fund’s investments focus on Europe, which may increase the
concentration risk. Consequently, the Fund is particularly susceptible to the adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event or development in and risks of this region, or of companies based and / or operating in this region.
o Economic or political instability in countries in which the Fund is invested may lead to a situation in which the Fund does not receive part or all of the monies owed to it in spite of the solvency of the issuer of the respective security or other assets. Currency or transfer restrictions or other legal changes, for example, may be significant in this regard.
• You may be exposed to European country risk.o There is the possibility that economic and financial difficulties in Europe may
continue to get worse or spread within and outside the Europe, and may lead to one or several countries exiting the Eurozone or default of a sovereign within the Eurozone. Measures taken by the governments of the European countries, central banks and other authorities to address the fiscal conditions and concerns, such as austerity measures and reforms, may not work. The impact of such events on the Fund may be significant and the increased risks (such as increased volatility, liquidity and currency risk associated with investments in Europe) may adversely affect the net asset value of the Fund.
• You may be exposed to emerging markets risk.o The Fund invests in emerging markets which are subject to greater liquidity
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risk, currency risk, general market risk, settlement risk and custodial risk. Thelegal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus.• Your right to redemption may be deferred or suspended under certain
circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.Product-Specific Risks
• You may be exposed to company-specific risk.o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital you
should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):Subscription Fee Up to 5%Redemption Fee/ Disinvestment Fee Currently NILConversion Fee Up to 5%
Additional fees may be payable to Singapore distributors.Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage
depends on the relevant share class):All-in-Fee Up to 1.80% p.a.
The fees and expenses of the investment manager, central administration agentand depositary will be covered by the All-in-Fee payable to the Management Company.
Refer toSection 6 of theProspectusfor further information onfees andcharges.
VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors may,
at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are
Refer to Sections 8.8,11 and 9 of the Prospectusfor further information on valuation and exiting from the product.
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subject to minimum redemption and minimum holding amounts.• You should normally receive the sale proceeds within 6 Valuation Days after
the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable. CONTACT INFORMATION
HOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Valuation/Dealing Day
: Means a Business Day.
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Prepared on: 8/1/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.
ALLIANZ EUROPE EQUITY GROWTH
Product Type Collective Investment Scheme
Launch Date 2 October 2006
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
0.69% to 1.84%
Name of Guarantor Not applicable CPFIS inclusion (andclassification)
Yes# - for SGD (hedged) Classonly (Higher Risk –Narrowly Focused-Regional – Europe category)# This Fund is closed to further subscriptions using CPF monies.
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation and/or
above-average participation in price changes;o have basic knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short or medium timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer toSection 5.1 oftheProspectusfor furtherinformationon productsuitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth by investing in European equity markets with a focus on growth stocks.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”,you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer toSections 1, 2, 5 and 17.1 of theProspectusfor furtherinformationon features ofthe product.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961or accessible at sg.allianzgi.com or from any of our appointed distributors.
Allianz Europe Equity Growth
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Investment Strategy• A minimum of 75% of Fund assets are permanently physically invested in
European equity markets, with a focus on growth stocks.• The Fund may invest in financial derivative instruments for efficient
portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
Refer toSection 5 of theProspectusfor further information on the investment strategy of the product.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”).• The Management Company is Allianz Global Investors GmbH.• The investment management is performed by the Management Company.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer toSections 1, 3 and 4.4 of theProspectusfor further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer toSection 7 of theProspectusfor further informationon risks of the product.
Market and Credit Risks• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to country and region risk in Europe.o The Fund’s investments focus on Europe, which may increase the
concentration risk. Consequently, the Fund is particularly susceptible to the adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event or development in and risks of this region, or of companies based and / or operating in this region.
o Economic or political instability in countries in which the Fund is invested may lead to a situation in which the Fund does not receive part or all of the monies owed to it in spite of the solvency of the issuer of the respective security or other assets. Currency or transfer restrictions or other legal changes, for example, may be significant in this regard.
• You may be exposed to European country risk.o There is the possibility that economic and financial difficulties in Europe may
continue to get worse or spread within and outside the Europe, and may lead to one or several countries exiting the Eurozone or default of a sovereign within the Eurozone. Measures taken by the governments of the European countries, central banks and other authorities to address the fiscal conditions and concerns, such as austerity measures and reforms, may not work. The impact of such events on the Fund may be significant and the increased risks (such as increased volatility, liquidity and currency risk associated with investments in Europe) may adversely affect the net asset value of the Fund.
• You may be exposed to emerging markets risk.o The Fund invests in emerging markets which are subject to greater liquidity
risk, currency risk, general market risk, settlement risk and custodial risk. Thelegal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
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Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus.• Your right to redemption may be deferred or suspended under certain
circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.Product-Specific Risks
• You may be exposed to company-specific risk.o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital
you should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):Subscription Fee Up to 5%Redemption Fee/ Disinvestment Fee
Currently NIL
Conversion Fee Up to 5% Additional fees may be payable to Singapore distributors.
Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage
depends on the relevant share class):All-in-Fee Up to 1.80% p.a.
The fees and expenses of the investment manager, central administration agent and depositary will be covered by the All-in-Fee payable to the Management Company.
Refer toSection 6 of theProspectusfor further information onfees andcharges.
VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors may,
at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as
Refer to Sections 8.8,11 and 9 of the Prospectusfor further information on valuation and exiting from the product.
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you have agreed with the Singapore Representative or Singapore distributor).• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable. CONTACT INFORMATION
HOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Valuation/Dealing Day
: Means a Business Day.
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Prepared on: 8/1/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.
ALLIANZ EUROPE EQUITY GROWTH SELECT
Product Type Collective Investment Scheme
Launch Date 2 May 2013
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
0.95% to 1.84%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation and/or
above-average participation in price changes;o have basic knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short or medium timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer toSection 5.1 oftheProspectus for furtherinformation onproductsuitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth by investing in European equity markets with a focus on growth stocks of large market capitalisation companies.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”,you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer toSections 1, 2, 5 and 17.1 of theProspectus for furtherinformation onfeatures of theproduct.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961or accessible at sg.allianzgi.com or from any of our appointed distributors.
Allianz Europe Equity Growth Select
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Investment Strategy• A minimum of 75% of Fund assets are permanently physically invested in
European equity markets, with a focus on growth stocks of large market capitalisation companies.
• For the purpose of the Fund, “large market capitalisation companies” means companies whose market capitalisation is at least EUR 5 billion as determined at the time of acquisition.
• The Fund may invest in financial derivative instruments for efficient portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
Refer toSection 5 of theProspectus for further information on the investment strategy of the product.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”).• The Management Company is Allianz Global Investors GmbH.• The investment management is performed by the Management Company.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer toSections 1, 3 and 4.4 of theProspectus for further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer toSection 7 of theProspectus for further information onrisks of the product.
Market and Credit Risks• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to currency risk.o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
• You may be exposed to country and region risk in Europe.o The Fund’s investments focus on Europe, which may increase the
concentration risk. Consequently, the Fund is particularly susceptible to the adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event or development in and risks of this region, or of companies based and / or operating in this region.
o Economic or political instability in countries in which the Fund is invested may lead to a situation in which the Fund does not receive part or all of the monies owed to it in spite of the solvency of the issuer of the respective security or other assets. Currency or transfer restrictions or other legal changes, for example, may be significant in this regard.
• You may be exposed to European country risk.o There is the possibility that economic and financial difficulties in Europe may
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continue to get worse or spread within and outside the Europe, and may lead to one or several countries exiting the Eurozone or default of a sovereign within the Eurozone. Measures taken by the governments of the European countries, central banks and other authorities to address the fiscal conditions and concerns, such as austerity measures and reforms, may not work. The impact of such events on the Fund may be significant and the increased risks (such as increased volatility, liquidity and currency risk associated with investments in Europe) may adversely affect the net asset value of the Fund.
• You may be exposed to emerging markets risk.o The Fund invests in emerging markets which are subject to greater liquidity
risk, currency risk, general market risk, settlement risk and custodial risk. Thelegal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus.• Your right to redemption may be deferred or suspended under certain
circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.Product-Specific Risks
• You may be exposed to company-specific risk.o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital you
should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):Subscription Fee Up to 5% Redemption Fee/ Disinvestment Fee
Currently NIL
Conversion Fee Up to 5% Additional fees may be payable to Singapore distributors.
Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage
depends on the relevant share class):All-in-Fee Up to 1.80% p.a.
The fees and expenses of the investment manager, central administration
Refer toSection 6 of the Prospectusfor further information onfees andcharges.
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agent and depositary will be covered by the All-in-Fee payable to the Management Company.
VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors may,
at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable.
Refer to Sections 8.8,11 and 9 of the Prospectus for further information on valuation and exiting from the product.
CONTACT INFORMATIONHOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Valuation/Dealing Day
: Means each day on which banks and exchanges in Luxembourg and Germany are open for business.
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Prepared on: 8/1/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in the
product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not comfortable with
the accompanying risks.• If you wish to purchase the product, you will need to make an application in the manner set
out in the Prospectus.ALLIANZ EUROPE INCOME AND GROWTH
Product Type Collective Investment Scheme
Launch Date 14 April 2015
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
1.442% to 1.54%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation and/or
above-average participation in price changes;o have basic knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer to Section 5.1of the Prospectusfor furtherinformation onproduct suitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long term capital growth and income by investing inEuropean corporate debt securities and equities.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”,you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer toSections 1, 2, 5 and 17.1 of theProspectus for further informationon features of theproduct.
Investment Strategy• A minimum of 70% of Fund assets are invested directly in European corporate
debt securities and equities.• A maximum of 80% of Fund assets may be invested in European corporate debt
securities.• A maximum of 80% of Fund assets may be invested in European equities.• Fund assets may be invested in Emerging Markets.• A maximum of 70% of Fund assets may be invested in convertible debt
securities of European corporates.• A maximum of 70% of Fund assets may be invested in European corporate debt
securities that are High-Yield Investments Type 1.• A maximum of 25% of Fund assets may be held in deposits and/or may be
Refer to Section 5of the Prospectusfor further information on the investment strategy of the product.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961 or accessible atsg.allianzgi.com or from any of our appointed distributors.2 Annualised figure.
Allianz Europe Income and Growth
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invested in money-market instruments and/or (up to 10% of Fund assets) in money market funds.
• On a temporary basis for liquidity management and/or defensive purpose and/or any other exceptional circumstances, and if the Investment Manager considers it in the best interest of the Fund, up to 100% of Fund assets may be held in deposits and/or invested directly in money market instruments and (up to 10% of Fund assets) in money market funds.
• The Fund may conduct securities lending transactions, over-the-counter (“OTC”) based repurchase and/or reverse repurchase transactions and similar OTC transactions in aggregate for up to 50% of the Fund’s assets.
• The Fund may invest in financial derivative instruments for efficient portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”).• The Management Company is Allianz Global Investors GmbH.• The investment management is performed by the Management Company
through its Headquarter in Germany and its France branch.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer to Sections 1, 3 and 4.4 of theProspectus for further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer to Section 7of the Prospectusfor further information on risksof the product.
Market and Credit Risks• You may be exposed to country and region risk in Europe.o The Fund’s investments focus on Europe, which may increase the
concentration risk. Consequently, the Fund is particularly susceptible to the adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event or development in and risks of this region, or of companies based and / or operating in this region.
o Economic or political instability in countries in which the Fund is invested may lead to a situation in which the Fund does not receive part or all of the monies owed to it in spite of the solvency of the issuer of the respective security or other assets. Currency or transfer restrictions or other legal changes, for example, may be significant in this regard.
• You may be exposed to currency risk.o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
• You may be exposed to volatility and liquidity risk.o Investments in securities in certain developing markets may be subject to
higher volatility and lower liquidity compared to more developed markets.• You may be exposed to European country risk.o There is the possibility that economic and financial difficulties in Europe may
continue to get worse or spread within and outside the Europe, and may lead to one or several countries exiting the Eurozone or default of a sovereign within the Eurozone. Measures taken by the governments of the European countries, central banks and other authorities to address the fiscal conditions and concerns, such as austerity measures and reforms, may not work. The impact of such events on the Fund may be significant and the increased risks (such as increased volatility, liquidity and currency risk associated with investments in Europe) may adversely affect the net asset value of the Fund.
• You may be exposed to emerging markets risk.o The Fund invests in emerging markets which are subject to greater liquidity
risk, currency risk, general market risk, settlement risk and custodial risk. The legal, taxation and regulatory environment and the accounting, auditing and
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reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
• You may also be exposed to general market risk, creditworthiness risk and issuer default risk.
Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus.• You may be exposed to liquidity risk.o The Fund may invest in illiquid securities. Even relatively small orders of
illiquid securities can lead to significant price changes. If an asset is illiquid, there is the risk that it cannot be sold or can only be sold at a significant discount to the purchase price.
• Your right to redemption may be deferred or suspended under certain circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.
Product-Specific Risks• You may be exposed to company-specific risk.o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk of investing in high-yield investments and convertible bonds.o Investing in high-yield investments is normally associated with increased
creditworthiness risk, risk of interest rate changes, general market risk, company-specific risk and liquidity risk.
o Investing in convertible bonds is normally associated with increased creditworthiness risk, risk of default, risk of interest rate changes, prepayment risk, general market risk and liquidity risk.
• You may be exposed to downgrading risk.o The credit rating of interest bearing securities held by the Fund may be
downgraded. The Fund may or may not be able to dispose of the securities that are being downgraded. This may lead to a fall in the net asset value of the Fund.
• You may be exposed to valuation risk.o Valuation of the Fund assets may involve uncertainties and judgmental
determinations. If such valuation turns out to be incorrect, this may affect the net asset value calculation of the Fund.
• You may be exposed to credit rating risk.o Credit ratings assigned by rating agencies are subject to limitations and do not
guarantee the creditworthiness of the security and/or issuer at all times.• You may be exposed to asset allocation risk.o The performance of the Fund is partially dependent on the success of the
asset allocation strategy employed by the Fund. There is no assurance that the strategy employed by the Fund will be successful and therefore the investment objective of the Fund may not be achieved. The investments of the Fund may be periodically rebalanced and therefore the Fund may incur greater transaction costs than a fund with static allocation strategy.
• You may be exposed to the risk of a credit long/short equity strategy.o The success of a credit long/short equity strategy depends primarily on the
selection of fixed income securities as well as on the degree of accuracy in forecasting the future performance of the credit markets. Depending on how the market does, the prices of the long and short positions could perform differently and losses in both positions could result.
• You may be exposed to property related assets risk.o The Fund’s investments in the real estate industry may be subject to risks of
fluctuations in the value and the rental income received in respect of the underlying property. This risk applies when investments are made through
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funds, property companies or other property equity market-related products (in particular, REITs).
• You may also be exposed to the risk of interest rate changes, risk relating to distribution out of capital and to RMB currency risk.
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):Subscription Fee Up to 5% Redemption Fee/ Disinvestment Fee
Currently NIL
Conversion Fee Up to 5% Additional fees may be payable to Singapore distributors.
Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage depends
on the relevant share class):All-in-Fee Up to 1.50% p.a.
The fees and expenses of the investment manager, central administration agentand depositary will be covered by the All-in-Fee payable to the Management Company.
Refer to Section 6of the Prospectusfor further information onfees and charges.
VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors may,
at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative before
5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable.
Refer to Sections8.8, 11 and 9 of the Prospectus for further information on valuation and exiting from the product.
CONTACT INFORMATIONHOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
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APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
High-Yield InvestmentsType 1
: Means an investment in debt securities which at the time of acquisition has a rating of BB+ or below (Standard & Poor’s and Fitch) or of Ba1 or below (Moody’s) or the equivalent by another rating agency or, if unrated, as determined by the Investment Manager to be of comparable quality. In case of a minimum (maximum) investment limit of High-Yield Investment Type 1 securities according to the Fund’s investment restrictions, the lowest (highest) available rating of a debt security at acquisition day is decisive for the assessment of the possible acquisition of such debt security as High-Yield Investment Type 1. Generally, there is no intention to acquire debt securities that are only rated CC, C or D (Standard & Poor’s), C, RD or D (Fitch) or Ca or C (Moody’s) unless otherwise specified.
PRC : Means the People’s Republic of China, excluding the Hong Kong Special Administrative Region, the Macau Special Administrative Region and Taiwan.
RMB : Means the Chinese Renminbi, the official currency of the PRC and, unless the context otherwise requires, the term “RMB” refers to offshore Chinese Renminbi (“CNH”) traded offshore in Hong Kong or markets outside the PRC and not to onshore Chinese Renminbi (“CNY”).
Valuation/Dealing Day
: Means each day on which banks and exchanges in Luxembourg, France, Germany and the United Kingdom are open for business.
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Prepared on: 8/1/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.
ALLIANZ EUROPEAN EQUITY DIVIDEND
Product Type Collective Investment Scheme
Launch Date 10 March 2009
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
0.95% to 1.84%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation
and/or above-average participation in price changes;o have basic knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short or medium timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer to Section5.1 of theProspectus for further informationon productsuitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in
Luxembourg that aims to provide long-term capital growth by investing in companies of European equity markets that are expected to achieve sustainable dividend returns.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s)“M”/“Mg”, you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer toSections 1, 2, 5 and 17.1 of theProspectus for furtherinformation onfeatures of theproduct.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961or accessible at sg.allianzgi.com or from any of our appointed distributors.
Allianz European Equity Dividend
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Investment Strategy• A minimum of 75% of Fund assets are permanently physically invested in
companies of European equity markets that are expected to achieve sustainable dividend returns.
• The Fund may invest in financial derivative instruments for efficient portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
Refer to Section 5 of theProspectus for further information on the investment strategy of the product.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors
Fund (the “Company”).• The Management Company is Allianz Global Investors GmbH.• The investment management is performed by the Management Company.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer toSections 1, 3 and 4.4 of theProspectus for further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer to Section 7 of theProspectus for further information onrisks of the product.
Market and Credit Risks• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets andinvestment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to country and region risk in Europe.o The Fund’s investments focus on Europe, which may increase the
concentration risk. Consequently, the Fund is particularly susceptible to the adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event or development in and risks of this region, or of companies based and / or operating in this region.
o Economic or political instability in countries in which the Fund is invested may lead to a situation in which the Fund does not receive part or all of the monies owed to it in spite of the solvency of the issuer of the respective security or other assets. Currency or transfer restrictions or other legal changes, for example, may be significant in this regard.
• You may be exposed to European country risk.o There is the possibility that economic and financial difficulties in Europe may
continue to get worse or spread within and outside the Europe, and may lead to one or several countries exiting the Eurozone or default of a sovereign within the Eurozone. Measures taken by the governments of the European countries, central banks and other authorities to address the fiscal conditions and concerns, such as austerity measures and reforms, may not work. The impact of such events on the Fund may be significant and the increased risks (such as increased volatility, liquidity and currency risk associated with investments in Europe) may adversely affect the net asset value of the Fund.
• You may be exposed to emerging markets risk.o The Fund invests in emerging markets which are subject to greater liquidity
risk, currency risk, general market risk, settlement risk and custodial risk.The legal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detrimentfrom the levels and standards that are considered standard internationalpractice.
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Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus.• Your right to redemption may be deferred or suspended under certain
circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.Product-Specific Risks
• You may be exposed to company-specific risk.o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii)
the use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital
you should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• You may be exposed to property related assets risk.o The Fund’s investments in the real estate industry may be subject to risks of
fluctuations in the value and the rental income received in respect of the underlying property. This risk applies when investments are made through funds, property companies or other property equity market-related products (in particular, REITs).
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the
net asset value of the share class (actual percentage depends on the relevant share class):Subscription Fee Up to 5%Redemption Fee/ Disinvestment Fee
Currently NIL
Conversion Fee Up to 5%Additional fees may be payable to Singapore distributors.
Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage
depends on the relevant share class):All-in-Fee Up to 1.80% p.a.
The fees and expenses of the investment manager, central administration agent and depositary will be covered by the All-in-Fee payable to the Management Company.
Refer to Section 6 of theProspectus for further information onfees andcharges.
VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors
Refer to Sections 8.8, 11and 9 of the Prospectus for further information on valuation and
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may, at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable.
exiting from the product.
CONTACT INFORMATIONHOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Valuation/Dealing Day
: Means a Business Day.
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Prepared on: 8/1/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.
ALLIANZ FLEXI ASIA BOND
Product Type Collective Investment Scheme Launch Date 3 July 2012
Management Company
Allianz Global Investors GmbH Depositary State Street Bank
Luxembourg S.C.A.
Trustee Not applicable Dealing FrequencyEvery Dealing Daywhich is a Singapore business day
Capital Guaranteed NoExpense Ratio for Financial Year ended 30 September 2017
0.79% to 1.52%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation;o have advanced knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer to Section5.1 of theProspectus for furtherinformation onproductsuitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth and income by investing in debt securities of Asian bond markets denominated in EUR, USD, GBP, JPY, AUD, NZD or any Asian currency.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”,you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer toSections 1, 2, 5 and 17.1 of theProspectus for furtherinformation onfeatures of theproduct.
Investment Strategy• The Fund assets are primarily invested in debt securities of Asian bond markets
denominated in EUR, USD, GBP, JPY, AUD, NZD or any Asian currency.• The Fund assets may be invested in Emerging Markets.• A maximum of 60% of Fund assets may be invested in High-Yield Investments
Type 1; within this limit, up to 10% of Sub-Fund assets may be invested in debt securities that are rated CC or lower (including defaulted securities) (Standard and Poor’s).
• A maximum of 35% of Fund assets may be invested in debt securities issued or guaranteed by a single sovereign issuer that is rated below Investment Grade.
• A maximum 35% RMB currency exposure.• On a temporary basis for liquidity management and/or defensive purpose
and/or any other exceptional circumstances, and if the Investment Manager
Refer to Section 5 of theProspectus for further information on the investment strategy of the product.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961or accessible at sg.allianzgi.com or from any of our appointed distributors.
Allianz Flexi Asia Bond
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considers it in the best interest of the Fund, up to 100% of Fund assets may be held in deposits and/or invested directly in money market instruments and (up to 10% of Fund assets) in money market funds.
• The Fund may conduct securities lending transactions, over-the-counter (“OTC”) based repurchase and/or reverse repurchase transactions and similar OTC transactions in aggregate for up to 50% of the Fund’s assets.
• The Fund may invest in financial derivative instruments for efficient portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”).• The Management Company is Allianz Global Investors GmbH.• The Investment Manager is Allianz Global Investors Singapore Limited.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer toSections 1, 3 and 4.4 of theProspectus for further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer to Section 7 of theProspectus for further information onrisks of the product.
Market and Credit Risks• You may be exposed to creditworthiness risk.o The creditworthiness (solvency and willingness to pay) of the issuer of an
asset in particular of a security or money-market instrument directly or indirectly held by the Fund may subsequently fall. This usually leads to a decrease in the price of the asset greater than that caused by general market fluctuations.
• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to currency risk.o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
• You may be exposed to issuer default risk.o The issuer of securities held by the Fund may become insolvent causing its
inability to fulfill his payment obligations in a full and timely manner and causing such issued assets to become economically worthless.
• You may be exposed to creditworthiness risk.o The creditworthiness (ability to pay) of the issuer of an asset held by the Fund
may fall. This usually leads to a decrease in the price of the asset greater than that caused by general market fluctuations.
• You may be exposed to sovereign debt risk.o The Fund’s investment in interest-bearing securities issued or guaranteed by
governments may be exposed to political, social and economic risks. The sovereign issues may not be able or willing to repay the principal and/or interest or may request the Fund to participate in rescheduling such debts. The Fund may suffer significant losses when there is a default of sovereign debt issuers.
• You may be exposed to country and region risk in Asia.o The Fund’s investments focus on Asia, which may increase the concentration
risk. Consequently, the Fund is particularly susceptible to the adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory
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event or development in and risks of this region, or of companies based and / or operating in this region.
Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus.• You may be exposed to liquidity risk.o The Fund may invest in illiquid securities. Even relatively small orders of
illiquid securities can lead to significant price changes. If an asset is illiquid, there is the risk that it cannot be sold or can only be sold at a significant discount to the purchase price.
• Your right to redemption may be deferred or suspended under certain circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.
Product-Specific Risks• You may be exposed to the risk of interest rate changes.o If market interest rates rise, the value of the interest-bearing assets held by
the Fund may decline substantially. This applies to an even greater degree if the Fund also holds interest-bearing securities with a longer time to maturity and a lower nominal interest rate.
• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk of investing in high-yield investments and convertible bonds. o Investing in high-yield investments is normally associated with increased
creditworthiness risk, risk of interest rate changes, general market risk, company-specific risk and liquidity risk.
o Investing in convertible bonds is normally associated with increased creditworthiness risk, risk of default, risk of interest rate changes, prepayment risk, general market risk and liquidity risk.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital you
should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• You may be exposed to downgrading risk.o The credit rating of interest bearing securities held by the Fund may be
downgraded. The Fund may or may not be able to dispose of the securities that are being downgraded. This may lead to a fall in the net asset value of the Fund.
• You may be exposed to valuation risk.o Valuation of the Fund assets may involve uncertainties and judgmental
determinations. If such valuation turns out to be incorrect, this may affect the net asset value calculation of the Fund.
• You may be exposed to credit rating risk.o Credit ratings assigned by rating agencies are subject to limitations and do
not guarantee the creditworthiness of the security and/or issuer at all times.• You may be exposed to RMB currency risk.o The Fund may invest in assets denominated in offshore and onshore RMB.
The RMB traded in the PRC is not freely convertible and is subject to exchange control policies and restrictions imposed by the PRC authorities. Restrictions on repatriation of RMB out of the PRC may limit the depth of the RMB market available outside of the PRC, and thereby may reduce the liquidity of the Fund. The RMB may be subject to devaluation, in which case the value of the investments in RMB assets will be adversely affected. Furthermore although offshore RMB and onshore RMB are the same currency, they are traded on different and separate markets and as such, their values could differ and their exchange rates may not move in the same direction.
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in
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respect of the Fund.
FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):Subscription Fee Up to 5%Redemption Fee/ Disinvestment Fee Currently NILConversion Fee Up to 5%
Additional fees may be payable to Singapore distributors.Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage
depends on the relevant share class):All-in-Fee Up to 1.50% p.a.
The fees and expenses of the investment manager, central administration agent and depositary will be covered by the All-in-Fee payable to the Management Company.
Refer to Section 6 of theProspectus for further information onfees andcharges.
VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors may,
at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable.
Refer to Sections 8.8, 11and 9 of the Prospectus for further information on valuation and exiting from the product.
CONTACT INFORMATIONHOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
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APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
High-Yield Investments Type 1
: Means an investment in debt securities which at the time of acquisition has a rating of BB+ or below (Standard & Poor’s and Fitch) or of Ba1 or below (Moody’s) or the equivalent by another rating agency or, if unrated, as determined by the Investment Manager to be of comparable quality. In case of a minimum (maximum) investment limit of High-Yield Investment Type 1 securities according to the Fund’s investment restrictions, the lowest (highest) available rating of a debt security at acquisition day is decisive for the assessment of the possible acquisition of such debt security as High-Yield Investment Type 1. Generally, there is no intention to acquire debt securities that are only rated CC, C or D (Standard & Poor’s), C, RD or D (Fitch) or Ca or C (Moody’s) unless otherwise specified.
High-Yield InvestmentsType 2
: Means an investment in debt securities which at the time of acquisition has a rating of between BB+ and B- (inclusive) (Standard & Poor’s and Fitch) or of between Ba1 and B3 (inclusive) (Moody’s) or the equivalent by another rating agency or, if unrated, as determined by the Investment Manager to be of comparable quality. In case of a minimum (maximum) investment limit of High-Yield Investment Type 2 securities according to the Fund’s investment restrictions, the lowest (highest) available rating of a debt security at acquisition day is decisive for the assessment of the possible acquisition of such debt security as High-Yield Investment Type 2.
Investment Grade
: Means an investment in debt securities which at the time of acquisition has a rating of at least BBB- (Standard & Poor’s and Fitch) or of at least Baa3 (Moody’s) or the equivalent by another rating agency or, if unrated, as determined by the Investment Manager to be of comparable quality.Please refer to this definition in the Luxembourg Prospectus for further information.
PRC : Means the People’s Republic of China, excluding the Hong Kong Special Administrative Region, the Macau Special Administrative Region and Taiwan.
RMB : Means the Chinese Renminbi, the official currency of the PRC and, unless the context otherwise requires, the term “RMB” refers to offshore Chinese Renminbi (“CNH”) traded offshore in Hong Kong or markets outside the PRC and not to onshore Chinese Renminbi (“CNY”).
Valuation/Dealing Day
: Means each day on which banks and exchanges in Luxembourg and Singapore are open for business.
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Prepared on: 8/1/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.
ALLIANZ GEM EQUITY HIGH DIVIDEND
Product Type Collective Investment Scheme
Launch Date 29 May 2007
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
1.29% to 2.29%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation and/or
above-average participation in price changes;o have advanced knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short or medium timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer to Section5.1 of theProspectus for furtherinformation onproductsuitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth by investing in global emerging equity markets with a focus on equities which will result in a portfolio of investment with a potential dividend yield above the market average when the portfolio is considered as a whole.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December eachyear. Where the distributing share class contains additional letter(s) “M”/“Mg”,you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer toSections 1, 2, 5 and 17.1 of theProspectus for furtherinformation onfeatures of theproduct.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961or accessible at sg.allianzgi.com or from any of our appointed distributors.
Allianz GEM Equity High Dividend
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Investment Strategy• A minimum of 70% of Fund assets are invested in in Emerging Markets or in
countries which are constituents of the MSCI Emerging Markets Index. There will be a focus on equities which will result in a portfolio of investment with a potential dividend yield above the market average when the portfolio is considered as a whole.
• A maximum of 30% of Fund assets may be invested into the China A-Shares market either directly through Stock Connect or indirectly through eligible instruments.
• The Fund may invest in financial derivative instruments for efficient portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
Refer to Section 5 of theProspectus for further information on the investment strategy of the product.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”).• The Management Company is Allianz Global Investors GmbH.• The Investment Manager is Allianz Global Investors U. S. LLC.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer to Sections1, 3 and 4.4 of theProspectus for further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer to Section 7 of theProspectus for further information onrisks of the product.
Market and Credit Risks• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to currency risk.o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus.• Your right to redemption may be deferred or suspended under certain
circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.Product-Specific Risks
• You may be exposed to company-specific risk.o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or
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be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital you
should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• You may be exposed to the risk of investing in high-yield investments.o Investing in high-yield investments is normally associated with increased
creditworthiness risk, risk of interest rate changes, general market risk, company-specific risk and liquidity risk.
• You may be exposed to the risk of investing in China A-Shares.o The Fund assets may be invested in China A-Shares. The securities market
in the PRC, including China A-Shares, may be more volatile and unstable (for example, due to the risk of suspension/limitation in trading of a particular stock or government intervention) than markets in more developed countries and has potential settlement difficulties. This may result in significant fluctuations in the prices of securities traded in such market and thereby affecting the prices of shares of the Fund.
• You may be exposed to PRC tax risk.o It is possible that the current tax laws, regulations and practices in the PRC
will change (which may have retrospective effect). Any increased tax liabilities on the Fund may adversely affect the Fund’s value.
o If no or inadequate provision for potential withholding tax is made and in the event that the PRC tax authorities enforce the imposition of such withholding tax, the net asset value of the Fund may be adversely affected. Depending on the timing of their subscriptions and/or redemptions, investors may bedisadvantaged as a result of any shortfall of tax provision.
• You may be exposed to the risks of using Stock Connect programmes.o The regulations relating to the Stock Connect programmes are untested and
subject to change which may have potential retrospective effect. There is no certainty as to how they will be applied.
o The Fund will also be subject to other risks in connection with its investments in China A-Shares via Stock Connect programmes such as regulatory risks, taxation risk and RMB currency risk in relation to Stock Connect programmes.
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):Subscription Fee Up to 5%Redemption Fee/ Disinvestment Fee Currently NIL Conversion Fee Up to 5%
Additional fees may be payable to Singapore distributors.Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage
depends on the relevant share class):All-in-Fee Up to 2.25% p.a.
The fees and expenses of the investment manager, central administration agent and depositary will be covered by the All-in-Fee payable to the Management Company.
Refer to Section 6of the Prospectusfor further information onfees and charges..
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VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors may,
at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable.
Refer to Sections8.8, 11 and 9 of the Prospectusfor further information on valuation and exiting from the product.
CONTACT INFORMATIONHOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
PRC : Means the People’s Republic of China, excluding the Hong Kong Special Administrative Region, the Macau Special Administrative Region and Taiwan.
RMB : Means the Chinese Renminbi, the official currency of the PRC and, unless the context otherwise requires, the term “RMB” refers to offshore Chinese Renminbi (“CNH”) traded offshore in Hong Kong or markets outside the PRC and not to onshore Chinese Renminbi (“CNY”).
Stock Connect : Means the program which aims to achieve mutual stock market access between PRC and Hong Kong.
Valuation/ Dealing Day
: Means each day on which banks and exchanges in Luxembourg and New York are open for business.
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Prepared on: 8/1/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.
ALLIANZ GLOBAL AGRICULTURAL TRENDS
Product Type Collective Investment Scheme
Launch Date 1 April 2008
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
1.782% to 2.10%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation and/or
above-average participation in price changes;o have basic knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short or medium timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer toSection 5.1 oftheProspectus for furtherinformation onproductsuitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth by investing in global equity markets with a focus on companies that are active in the areas of basic resources, raw materials, product processing, distribution and, if necessary, in other businesses with a focus or exposure relating to the aforementioned areas.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”,you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.
Refer toSections 1, 2, 5 and 17.1 of theProspectus for furtherinformation onfeatures of theproduct.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961or accessible at sg.allianzgi.com or from any of our appointed distributors.2 Annualised figure.
Allianz Global Agricultural Trends
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*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Investment Strategy• A minimum of 90% of Fund assets are invested in global equity markets with a
focus on companies that are active in the areas of basic resources, raw materials, product processing, distribution and, if necessary, in other businesses with a focus or exposure relating to the aforementioned areas.
• A maximum of 35% of Fund assets may be invested in Emerging Markets.• A maximum of 10% of Fund assets may be held in deposits and/or invested in
money market instruments and/or (up to 10% of Fund assets) in money market funds.
• The Fund may invest in financial derivative instruments for efficient portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
Refer toSection 5 of theProspectus for further information on the investment strategy of the product.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”).• The Management Company is Allianz Global Investors GmbH.• The Investment Manager is Allianz Global Investors U.S. LLC.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer toSections 1, 3 and 4.4 of theProspectus for further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer toSection 7 of theProspectus for further information onrisks of the product.
Market and Credit Risks• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to currency risk.o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
• You may be exposed to emerging markets risk.o The Fund invests in emerging markets which are subject to greater liquidity
risk, currency risk, general market risk, settlement risk and custodial risk. Thelegal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
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Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus.• You may be exposed to liquidity risk.o The Fund may invest in illiquid securities. Even relatively small orders of
illiquid securities can lead to significant price changes. If an asset is illiquid, there is the risk that it cannot be sold or can only be sold at a significant discount to the purchase price.
• Your right to redemption may be deferred or suspended under certain circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.
Product-Specific Risks• You may be exposed to company-specific risk.o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital you
should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):Subscription Fee Up to 5%Redemption Fee/ Disinvestment Fee
Currently NIL
Conversion Fee Up to 5% Additional fees may be payable to Singapore distributors.
Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage
depends on the relevant share class):All-in-Fee Up to 2.05% p.a.
The fees and expenses of the investment manager, central administration agent and depositary will be covered by the All-in-Fee payable to the Management Company.
Refer toSection 6 of the Prospectusfor further information onfees andcharges.
VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?
Refer to Sections 8.8,11 and 9 of the Prospectus for further
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• There is no cancellation period for the Fund. Some Singapore distributors may, at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable.
information on valuation and exiting from the product.
CONTACT INFORMATIONHOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
Valuation/Dealing Day
: Means a Business Day.
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Prepared on: 8/1/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.
ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE
Product Type Collective Investment Scheme Launch Date 31 March 2017
Management Company
Allianz Global Investors GmbH Depositary State Street Bank
Luxembourg S.C.A.
Trustee Not applicable Dealing FrequencyEvery Dealing Day which is a Singapore business day
Capital Guaranteed NoExpense Ratio for Financial Year ended 30 September 2017
0.992% to 2.072%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation and/or
above-average participation in price changes;o have basic knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short or medium timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer toSection 5.1 oftheProspectus for furtherinformation onproductsuitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth by investing in the global equity markets of companies whose business will benefit from / or is currently related to the evolution of artificial intelligence.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”,you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer toSections 1, 2, 5 and 17.1 of theProspectus for furtherinformation onfeatures of theproduct.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961or accessible at sg.allianzgi.com or from any of our appointed distributors.2 Annualised figure.
Allianz Global Artificial Intelligence
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Investment Strategy• A minimum of 70% of Fund assets are invested in the global equity markets of
companies whose business will benefit from / or is currently related to the evolution of artificial intelligence.
• Fund assets may be invested in Emerging Markets.• The Fund may invest in financial derivative instruments for efficient
portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
Refer toSection 5 of theProspectus for further information on the investment strategy of the product.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”).• The Management Company is Allianz Global Investors GmbH.• The Investment Manager is Allianz Global Investors U.S. LLC.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer toSections 1, 3 and 4.4 of theProspectus for further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer toSection 7 of theProspectus for further information onrisks of the product.
Market and Credit Risks• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to currency risk.o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
• You may be exposed to emerging markets risk.o The Fund invests in emerging markets which are subject to greater liquidity
risk, currency risk, general market risk, settlement risk and custodial risk. Thelegal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus.• You may be exposed to liquidity risk.o The Fund may invest in illiquid securities. Even relatively small orders of
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illiquid securities can lead to significant price changes. If an asset is illiquid, there is the risk that it cannot be sold or can only be sold at a significant discount to the purchase price.
• Your right to redemption may be deferred or suspended under certain circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.
Product-Specific Risks• You may be exposed to company-specific risk.o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
• You may be exposed to concentration risk.o The Fund focuses its investments on sectors which will benefit from / or are
currently related to the evolution of artificial intelligence, which may reduce risk diversification. Consequently, the fund may be particularly dependent on the development of these industries or industries that influence each other or companies of such industries.
• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital you
should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):Subscription Fee Up to 5%Redemption Fee/ Disinvestment Fee
Currently NIL
Conversion Fee Up to 5% Additional fees may be payable to Singapore distributors.
Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage
depends on the relevant share class):All-in-Fee Up to 2.05% p.a.
The fees and expenses of the investment manager, central administration agent and depositary will be covered by the All-in-Fee payable to the Management Company.
Refer toSection 6 of the Prospectusfor further information onfees andcharges.
VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?
Refer to Sections 8.8,11 and 9 of the Prospectus for further information on valuation and
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• There is no cancellation period for the Fund. Some Singapore distributors may, at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable.
exiting from the product.
CONTACT INFORMATIONHOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
Valuation/Dealing Day
: Means each day on which banks and exchanges in Luxembourg and New York are open for business.
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Prepared on: 8/1/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.
ALLIANZ GLOBAL BOND
Product Type Collective Investment Scheme Launch Date 5 November 2015
Management Company
Allianz Global Investors GmbH Depositary State Street Bank
Luxembourg S.C.A.
Trustee Not applicable Dealing FrequencyEvery Dealing Daywhich is a Singapore business day
Capital Guaranteed NoExpense Ratio for Financial Year ended 30 September 2017
0.63% to 1.18%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation;o have basic knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer to Section5.1 of theProspectus for furtherinformation onproductsuitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide a long-term capital growth by investing in global bond markets.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/ “Mg”,you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer toSections 1, 2, 5 and 17.1 of theProspectus for furtherinformation onfeatures of theproduct.
Investment Strategy• The Fund assets are primarily invested in global bond markets.• On a temporary basis for liquidity management and/or defensive purpose
and/or any other exceptional circumstances, and if the Investment Manager considers it in the best interest of the Fund, up to 100% of Fund assets may be held in deposits and/or invested directly in money market instruments and (up to 10% of Fund assets) in money market funds.
• The Fund may conduct securities lending transactions, over-the-counter (“OTC”) based repurchase and/or reverse repurchase transactions and similar OTC transactions in aggregate for up to 50% of the Fund’s assets.
• The Fund may use financial derivative instruments for efficient portfolio
Refer to Section 5 of theProspectus for further information on the investment strategy of the product.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961or accessible at sg.allianzgi.com or from any of our appointed distributors.
Allianz Global Bond
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management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”).• The Management Company is Allianz Global Investors GmbH.• The investment management is performed by the Management Company
through its UK branch.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer toSections 1, 3 and 4.4 of theProspectus for further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer to Section 7 of theProspectus for further information onrisks of the product.
Market and Credit Risks• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to currency risk.o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
• You may be exposed to issuer default risk.o The issuer of securities held by the Fund may become insolvent causing its
inability to fulfill his payment obligations in a full and timely manner and causing such issued assets to become economically worthless.
• You may be exposed to creditworthiness risk.o The creditworthiness (ability to pay) of the issuer of an asset held by the Fund
may fall. This usually leads to a decrease in the price of the asset greater than that caused by general market fluctuations.
• You may be exposed to sovereign debt risk.o The Fund’s investment in interest-bearing securities issued or guaranteed by
governments may be exposed to political, social and economic risks. The sovereign issues may not be able or willing to repay the principal and/or interest or may request the Fund to participate in rescheduling such debts. The Fund may suffer significant losses when there is a default of sovereign debt issuers.
• You may be exposed to emerging markets risk.o The Fund invests in emerging markets which are subject to greater liquidity
risk, currency risk, general market risk, settlement risk and custodial risk. The legal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
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Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus.• Your right to redemption may be deferred or suspended under certain
circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.Product-Specific Risks
• You may be exposed to the risk of interest rate changes.o If market interest rates rise, the value of the interest-bearing assets held by
the Fund may decline substantially. This applies to an even greater degree if the Fund also holds interest-bearing securities with a longer time to maturity and a lower nominal interest rate.
• You may be exposed to downgrading risk.o The credit rating of interest bearing securities held by the Fund may be
downgraded. The Fund may or may not be able to dispose of the securities that are being downgraded. This may lead to a fall in the net asset value of the Fund.
• You may be exposed to valuation risk.o Valuation of the Fund assets may involve uncertainties and judgmental
determinations. If such valuation turns out to be incorrect, this may affect the net asset value calculation of the Fund.
• You may be exposed to credit rating risk.o Credit ratings assigned by rating agencies are subject to limitations and do
not guarantee the creditworthiness of the security and/or issuer at all times.• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital you
should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• You may be exposed to commodities markets risk.o Positions in commodities are subject to general market risks and the
performance of commodities can be especially volatile. • You may be exposed to the risk of investing in high-yield investments.o Investing in high-yield investments is normally associated with increased
creditworthiness risk, risk of interest rate changes, general market risk, company-specific risk and liquidity risk.
• You may be exposed to leverage risk.o The use of leverage (based on derivatives) may cause the Fund to be more
volatile and subject to higher price movements.• You may be exposed to RMB currency risk.o The Fund may invest in assets denominated in offshore and onshore RMB.
The RMB traded in the PRC is not freely convertible and is subject to exchange control policies and restrictions imposed by the PRC authorities. Restrictions on repatriation of RMB out of the PRC may limit the depth of the RMB market available outside of the PRC, and thereby may reduce the liquidity of the Fund. The RMB may be subject to devaluation, in which case the value of the investments in RMB assets will be adversely affected. Furthermore although offshore RMB and onshore RMB are the same currency, they are traded on different and separate markets and as such, their values could differ and their exchange rates may not move in the same direction.
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGES
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WHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):Subscription Fee Up to 3%Redemption Fee/ Disinvestment Fee Currently NIL Conversion Fee Up to 3%
Additional fees may be payable to Singapore distributors.
Refer to Section 6 of theProspectus for further information onfees andcharges.
Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage
depends on the relevant share class):All-in-Fee Up to 1.14% p.a.
The fees and expenses of the investment manager, central administration agent and depositary will be covered by the All-in-Fee payable to the Management Company.
VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors may,
at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable.
Refer to Sections 8.8, 11and 9 of the Prospectus for further information on valuation and exiting from the product.
CONTACT INFORMATIONHOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
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APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
PRC : Means the People’s Republic of China, excluding the Hong Kong Special Administrative Region, the Macau Special Administrative Region and Taiwan.
RMB : Means the Chinese Renminbi, the official currency of the PRC and, unless the context otherwise requires, the term “RMB” refers to offshore Chinese Renminbi (“CNH”) traded offshore in Hong Kong or markets outside the PRC and not to onshore Chinese Renminbi (“CNY”).
Valuation/Dealing Day
: (Valid until 26 November 2017) Means each day on which banks and exchanges in Luxemburg, France, Germany, Italy.(Valid as of 27 November 2017) Means each day on which banks and exchanges in Luxembourg, Germany, Italy and the United Kingdom are open for business.
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Prepared on: 8/1/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.
ALLIANZ GLOBAL CREDITProduct Type Collective
Investment SchemeLaunch Date 4 November 2016
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
0.452% to 1.042%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation;o have basic knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer to Section5.1 of theProspectus for furtherinformation onproductsuitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth by investing in global bond markets.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”,you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer toSections 1, 2, 5 and 17.1 of theProspectus for furtherinformation onfeatures of theproduct.
Investment Strategy• Fund assets are primarily invested in global bond markets.• Fund assets may be invested in Emerging Markets.• A minimum of 70% of Fund assets are invested in debt securities with
Investment Grade.• A maximum of 30% of Fund assets may be invested in High Yield Investments
Type 1.• On a temporary basis for liquidity management and/or defensive purpose
and/or any other exceptional circumstances, and if the Investment Manager considers it in the best interest of the Fund, up to 100% of Fund assets may be held in deposits and/or invested directly in money market instruments and (up to 10% of Fund assets) in money market funds.
Refer to Section 5 of theProspectus for further information on the investment strategy of the product.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961 oraccessible at sg.allianzgi.com or from any of our appointed distributors. 2 Annualised figure.
Allianz Global Credit
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• The Fund may conduct securities lending transactions, over-the-counter (“OTC”) based repurchase and/or reverse repurchase transactions and similar OTC transactions in aggregate for up to 50% of the Fund’s assets.
• The Fund may invest in financial derivative instruments for efficient portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”).• The Management Company is Allianz Global Investors GmbH.• The investment management is performed by the Management Company
through its UK branch.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer to Sections1, 3 and 4.4 of the Prospectusfor further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer to Section 7 of theProspectus for further information onrisks of the product.
Market and Credit Risks• You may be exposed to creditworthiness risk.o The creditworthiness (ability to pay) of the issuer of an asset held by the
Fund may fall. This usually leads to a decrease in the price of the asset greater than that caused by general market fluctuations.
• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to counterparty risk.o To the extent that transactions for the Fund are not handled through a stock
exchange or a regulated market (e.g. over the counter trades), there is a risk that a counterparty may default or not completely fulfil its obligations in addition to the general risk of settlement default. This is particularly true of over the counter financial derivative instruments and other transactions based on techniques and instruments.
• You may be exposed to currency risk.o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus.• You may be exposed to liquidity risk.o The Fund may invest in illiquid securities. Even relatively small orders of
illiquid securities can lead to significant price changes. If an asset is illiquid, there is the risk that it cannot be sold or can only be sold at a significant discount to the purchase price.
• Your right to redemption may be deferred or suspended under certaincircumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.
Product-Specific Risks• You may be exposed to the risk of interest rate changes.o If market interest rates rise, the value of the interest-bearing assets held by
the Fund may decline substantially. This applies to an even greater degree if the Fund also holds interest-bearing securities with a longer time to maturity
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and a lower nominal interest rate.• You may be exposed to company-specific risk.o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii)
the use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital
you should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• You may be exposed to the risk of investing in high-yield investments.o Investing in high-yield investments is normally associated with increased
creditworthiness risk, risk of interest rate changes, general market risk, company-specific risk and liquidity risk.
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):Subscription Fee Up to 3%Redemption Fee/ Disinvestment Fee Currently NIL Conversion Fee Up to 3%Additional fees may be payable to Singapore distributors.
Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage
depends on the relevant share class):All-in-Fee Up to 1.15% p.a.
The fees and expenses of the investment manager, central administration agentand depositary will be covered by the All-in-Fee payable to the Management Company.
VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors may,
at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
Refer to Sections 8.8, 11and 9 of the Prospectus for further information on valuation and exiting from the product.
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• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable. CONTACT INFORMATION
HOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
High-Yield InvestmentsType 1
: Means an investment in debt securities which at the time of acquisition has a rating of BB+ or below (Standard & Poor’s and Fitch) or of Ba1 or below (Moody’s) or the equivalent by another rating agency or, if unrated, as determined by the Investment Manager to be of comparable quality. In case of a minimum (maximum) investment limit of High-Yield Investment Type 1 securities according to the Fund’s investment restrictions, the lowest (highest) available rating of a debt security at acquisition day is decisive for the assessment of the possible acquisition of such debt security as High-Yield Investment Type 1. Generally, there is no intention to acquire debt securities that are only rated CC, C or D (Standard & Poor’s), C, RD or D (Fitch) or Ca or C (Moody’s) unless otherwise specified.
Investment Grade
: Means an investment in debt securities which at the time of acquisition has a rating of at least BBB- (Standard & Poor’s and Fitch) or of at least Baa3 (Moody’s) or the equivalent by another rating agency or, if unrated, as determined by the Investment Manager to be of comparable quality.Please refer to this definition in the Luxembourg Prospectus for further information.
Valuation/Dealing Day
: Means each day on which banks and exchanges in Luxembourg and the United Kingdom are open for business.
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Allianz Global Dividend
Prepared on: 28/02/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.
ALLIANZ GLOBAL DIVIDENDProduct Type Collective
Investment SchemeLaunch Date 15 May 2015
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
0.962% to 1.83%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation and/or
above-average participation in price changes;o have basic knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short or medium timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer to Section5.1 of the Prospectus for further information on product suitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in
Luxembourg that aims to provide long-term capital growth by investing in companies of global equity markets that are expected to achieve sustainable dividend payments.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s)“M”/“Mg”, you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer to Sections 1, 2, 5 and 17.1 of the Prospectus for further information on features of the product.
Investment Strategy• A minimum of 70% of Fund assets are invested in companies of global equity
markets that are expected to achieve sustainable dividend payments.• A maximum of 30% of Fund assets may be invested in Emerging Markets.
Refer to Section 5 of the Prospectus for
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961 oraccessible at sg.allianzgi.com or from any of our appointed distributors.2 Annualised figure.
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• The Fund may invest in financial derivative instruments for efficient portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
further information on the investment strategy of the product.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”).• The Management Company is Allianz Global Investors GmbH.• (until 3 April 2018) The Investment Manager is Allianz Global Investors U.S.
LLC.• (as of 4 April 2018) The investment management is performed by the
Management Company. The Sub-Investment Manager is Allianz Global Investors U.S. LLC.
• The Depositary is State Street Bank Luxembourg S.C.A..
Refer to Sections1, 3 and 4.4 of the Prospectus for further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer to Section 7 of the Prospectus for further information on risks of the product.
Market and Credit Risks• You may be exposed to general market risk. o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to currency risk. o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the basecurrency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
• You may be exposed to emerging markets risk. o The Fund invests in emerging markets which are subject to greater liquidity
risk, currency risk, general market risk, settlement risk and custodial risk. The legal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus.• You may be exposed to liquidity risk.o The Fund may invest in illiquid securities. Even relatively small orders of
illiquid securities can lead to significant price changes. If an asset is illiquid, there is the risk that it cannot be sold or can only be sold at a significant discount to the purchase price.
• Your right to redemption may be deferred or suspended under certain circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.
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Product-Specific Risks• You may be exposed to company-specific risk. o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii)
the use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital
you should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):Subscription Fee Up to 5%Redemption Fee/ Disinvestment Fee
Currently NIL
Conversion Fee Up to 5%Additional fees may be payable to Singapore distributors.
Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage depends
on the relevant share class):All-in-Fee Up to 1.80% p.a.
The fees and expenses of the investment manager, central administration agent and depositary will be covered by the All-in-Fee payable to the Management Company.
Refer to Section 6 of the Prospectus for further information on fees and charges.
VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors
may, at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative
Refer to Sections8.8, 11 and 9 of the Prospectusfor further information on valuation and exiting from the product.
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before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable. CONTACT INFORMATION
HOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
Valuation/Dealing Day
: Means each day on which banks and exchanges in Luxembourg, Germany and New York are open for business.
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Prepared on: 8/1/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.
ALLIANZ GLOBAL EQUITY
Product Type Collective Investment Scheme
Launch Date 13 June 2000
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
0.912% to 1.81%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation and/or
above-average participation in price changes;o have basic knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short or medium timeframe.o
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer toSection 5.1 oftheProspectus for furtherinformation onproductsuitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth by investing in developed global equity markets, with a focus on acquiring equities that have above-average potential for profit growth and/or attractive valuations. The Investment Manager may engage in foreign currency overlay and thus assume separate foreign currency risks with regard to currencies of OECD member states, even if the Fund does not include any assets denominated in these respective currencies.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”,
Refer toSections 1, 2, 5 and 17.1 of theProspectus for furtherinformation onfeatures of theproduct.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961or accessible at sg.allianzgi.com or from any of our appointed distributors.2 Annualised figure.
Allianz Global Equity
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you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Investment Strategy• A minimum of 70% of Fund assets will be invested in developed global equity
markets. There will be a focus on acquiring equities that have above-average potential for profit growth and/or attractive valuations.
• A maximum of 30% of Fund assets may be invested in Emerging Markets.• The Fund may invest in financial derivative instruments for efficient
portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
Refer toSection 5 of theProspectus for further information on the investment strategy of the product.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”).• The Management Company is Allianz Global Investors GmbH.• The investment management is performed by the Management Company
through its UK branch.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer toSections 1, 3 and 4.4 of theProspectus for further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer toSection 7 of theProspectus for further information onrisks of the product.
Market and Credit Risks• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to currency risk.o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
• You may be exposed to emerging markets risk.o The Fund invests in emerging markets which are subject to greater liquidity
risk, currency risk, general market risk, settlement risk and custodial risk. Thelegal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
Refer toSections 1, 3 and 4.4 of theProspectus for further information onthe role and responsibilitiesof these entities.
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Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus.• You may be exposed to liquidity risk.o The Fund may invest in illiquid securities. Even relatively small orders of
illiquid securities can lead to significant price changes. If an asset is illiquid, there is the risk that it cannot be sold or can only be sold at a significant discount to the purchase price.
• Your right to redemption may be deferred or suspended under certain circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.
Product-Specific Risks• You may be exposed to company-specific risk.o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital you
should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):Subscription Fee Up to 5%Redemption Fee/ Disinvestment Fee
Currently NIL
Conversion Fee Up to 5%Additional fees may be payable to Singapore distributors.
Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage
depends on the relevant share class):All-in-Fee Up to 1.80% p.a.
The fees and expenses of the investment manager, central administration agentand depositary will be covered by the All-in-Fee payable to the Management Company.
Refer toSection 6 of the Prospectusfor further information onfees andcharges.
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VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors may,
at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable.
Refer to Sections 8.8,11 and 9 of the Prospectus for further information on valuation and exiting from the product.
CONTACT INFORMATIONHOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
Valuation/Dealing Day
: Means a Business Day.
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Prepared on: 8/1/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.
ALLIANZ GLOBAL EQUITY INSIGHTS
Product Type Collective Investment Scheme
Launch Date 15 February 2017
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
1.072% to 2.092%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation and/or
above-average participation in price changes;o have basic knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short or medium timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer toSection 5.1 oftheProspectus for furtherinformation onproductsuitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth by investing in global equity markets to achieve a concentrated equity portfolio with a focus on stock selection.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”,you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the
Refer toSections 1, 2, 5 and 17.1 of theProspectus for furtherinformation onfeatures of theproduct.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961or accessible at sg.allianzgi.com or from any of our appointed distributors.2 Annualised figure.
Allianz Global Equity Insights
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Fund’s net asset valueInvestment Strategy
• A minimum of 70% of Fund assets shall be invested in global equity markets to achieve a concentrated equity portfolio with a focus on stock selection.
• A maximum of 49% of Fund assets may be invested in Emerging Markets.• A maximum of 30% of Fund assets may be held in deposits and/or invested in
money market instruments and/or (up to 10% of Fund assets) in money market funds.
• The Fund may invest in financial derivative instruments for efficient portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
Refer toSection 5 of theProspectus for further information on the investment strategy of the product.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”).• The Management Company is Allianz Global Investors GmbH.• The Investment Manager is Allianz Global Investors U.S. LLC.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer toSections 1, 3 and 4.4 of theProspectus for further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer toSection 7 of theProspectus for further information onrisks of the product.
Market and Credit Risks• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to currency risk.o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
• You may be exposed to emerging markets risk.o The Fund invests in emerging markets which are subject to greater liquidity
risk, currency risk, general market risk, settlement risk and custodial risk. The legal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment fromthe levels and standards that are considered standard international practice.
Refer toSections 1, 3 and 4.4 of theProspectus for further information on the role and responsibilities of these entities.
Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus.
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• You may be exposed to liquidity risk.o The Fund may invest in illiquid securities. Even relatively small orders of
illiquid securities can lead to significant price changes. If an asset is illiquid, there is the risk that it cannot be sold or can only be sold at a significant discount to the purchase price.
• Your right to redemption may be deferred or suspended under certain circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.
Product-Specific Risks• You may be exposed to company-specific risk.o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could havea substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital you
should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• You may be exposed to the risk of investing in China A-Shares. o The Fund assets may be invested in China A-Shares. The securities market
in the PRC, including China A-Shares, may be more volatile and unstable (for example, due to the risk of suspension/limitation in trading of a particular stock or government intervention) than markets in more developed countries and has potential settlement difficulties. This may result in significant fluctuations in the prices of securities traded in such market and thereby affecting the prices of shares of the Fund.
• You may be exposed to PRC tax risk. o It is possible that the current tax laws, regulations and practices in the PRC
will change (which may have retrospective effect). Any increased tax liabilities on the Fund may adversely affect the Fund’s value.
o If no or inadequate provision for potential withholding tax is made and in the event that the PRC tax authorities enforce the imposition of such withholding tax, the net asset value of the Fund may be adversely affected. Depending on the timing of their subscriptions and/or redemptions, investors may be disadvantaged as a result of any shortfall of tax provision.
• You may be exposed to the risks of using Stock Connect programmes. o The regulations relating to the Stock Connect programmes are untested and
subject to change which may have potential retrospective effect. There is no certainty as to how they will be applied.
o The Fund will also be subject to other risks in connection with its investments in China A-Shares via Stock Connect programmes such as regulatory risks, taxation risk and RMB currency risk in relation to Stock Connect programmes.
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
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FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):Subscription Fee Up to 5% Redemption Fee/ Disinvestment Fee
Currently NIL
Conversion Fee Up to 5% Additional fees may be payable to Singapore distributors.
Refer toSection 6 of the Prospectusfor further information onfees andcharges.
Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage
depends on the relevant share class):All-in-Fee Up to 2.05% p.a.
The fees and expenses of the investment manager, central administration agentand depositary will be covered by the All-in-Fee payable to the Management Company.
VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors may,
at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable.
Refer to Sections 8.8,11 and 9 of the Prospectus for further information on valuation and exiting from the product.
CONTACT INFORMATIONHOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
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APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
PRC : Means the People’s Republic of China, excluding the Hong Kong Special Administrative Region, the Macau Special Administrative Region and Taiwan.
RMB : Means the Chinese Renminbi, the official currency of the PRC and, unless the context otherwise requires, the term “RMB” refers to offshore Chinese Renminbi (“CNH”) traded offshore in Hong Kong or markets outside the PRC and not to onshore Chinese Renminbi(“CNY”).
Stock Connect : Means the program which aims to achieve mutual stock market access between PRC and Hong Kong.
Valuation/Dealing Day
: Means each day on which banks and exchanges in Luxembourg, Germany and New York are open of business.
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Prepared on: 8/1/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.
ALLIANZ GLOBAL EQUITY UNCONSTRAINED
Product Type Collective Investment Scheme
Launch Date 19 December 2008
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
1.09% to 2.10%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation and/or
above-average participation in price changes;o have basic knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short or medium timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer to Section5.1 of theProspectus for furtherinformation onproductsuitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth by investing in global equity markets to achieve a concentrated equity portfolio with a focus on stock selection.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”,you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer toSections 1, 2, 5 and 17.1 of theProspectus for furtherinformation onfeatures of theproduct.
Investment Strategy• A minimum of 70% of Fund assets are invested in the global equity markets to
achieve a concentrated equity portfolio with a focus on stock selection, of which a minimum of 51% of Fund assets are invested directly in equities as described above.
Refer to Section 5 of theProspectus for further
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961or accessible at sg.allianzgi.com or from any of our appointed distributors.
Allianz Global Equity Unconstrained
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• A maximum of 50% of Fund assets may be invested in Emerging Markets.• The Fund may invest in financial derivative instruments for efficient
portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
information on the investment strategy of the product.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”).• The Management Company is Allianz Global Investors GmbH.• The investment management is performed by the Management Company.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer toSections 1, 3 and 4.4 of theProspectus for further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer to Section 7 of theProspectus for further information onrisks of the product.
Market and Credit Risks• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to currency risk.o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
• You may be exposed to emerging markets risk.o The Fund invests in emerging markets which are subject to greater liquidity
risk, currency risk, general market risk, settlement risk and custodial risk. Thelegal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus.• Your right to redemption may be deferred or suspended under certain
circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.Product-Specific Risks
• You may be exposed to company-specific risk.o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or
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be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital
you should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class:Subscription Fee Up to 5% Redemption Fee/ Disinvestment Fee
Currently NIL
Conversion Fee Up to 5% Additional fees may be payable to Singapore distributors.
Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges:
All-in-Fee Up to 2.05% p.a.The fees and expenses of the investment manager, central administration agentand depositary will be covered by the All-in-Fee payable to the Management Company.
Refer to Section 6 of theProspectus for further information onfees andcharges.
VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors may,
at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable.
Refer to Sections 8.8, 11and 9 of the Prospectus for further information on valuation and exiting from the product.
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CONTACT INFORMATIONHOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
Valuation/Dealing Day
: Means each day on which banks and exchanges in Luxembourg and New York are open for business.
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Allianz Global Fundamental Strategy
Prepared on: 28/2/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.
ALLIANZ GLOBAL FUNDAMENTAL STRATEGYProduct Type Collective
Investment SchemeLaunch Date 28 February 2013
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
0.56% to 1.412%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation;o have advanced knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer to Section5.1 of the Prospectus for further information on product suitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth by investing in a broad range of global asset classes. With the objective of achieving additional returns, the Investment Manager may also assume separate foreign currency risks, even if the Fund does not include any assets denominated in these respective currencies.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”,you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer to Sections 1, 2, 5 and 17.1 of the Prospectus for further information on features of the product.
Investment Strategy• Investment decisions are based on a fundamental management approach.
The portfolio will consist of two components – the core portfolio and the opportunistic portfolio.
Refer to Section 5 of the Prospectus for
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961or accessible at sg.allianzgi.com or from any of our appointed distributors.2 Annualised figure.
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• Via the core portfolio it is intended to generate stable returns over the market cycle. The opportunistic portfolio is designed to capture shorter term investment opportunities and will be more actively managed than the core portfolio. The turnover will be higher than in the core portfolio.
• Allocation of capital between the two components of the portfolios depending on market circumstances and consequently will fluctuate over time.
• Fund assets may be invested in Emerging Markets.• Fund assets may be invested in High-Yield Investments Type 2.• Fund assets may be invested in securities referring to equities, debt securities,
UCITS and/or UCI, indices, commodities, commodity forward and/or future contracts, currencies, currency forward and/or future contracts, real estate property funds and/or baskets of the aforementioned underlying assets.
• On a temporary basis for liquidity management and/or defensive purpose and/or any other exceptional circumstances, and if the Investment Manager considers it in the best interest of the Fund, up to 100% of Fund assets may beheld in deposits and/or invested directly in money market instruments and (up to 10% of Fund assets) in money market funds.
• The Fund may conduct securities lending transactions, over-the-counter (“OTC”) based repurchase and/or reverse repurchase transactions and similar OTC transactions in aggregate for up to 50% of the Fund’s assets.
• The Fund may invest in financial derivative instruments for efficient portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
further information on the investment strategy of the product.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”).• The Management Company is Allianz Global Investors GmbH.• (until 28 March 2018) The investment management is performed by the
Management Company.• (as of 29 March 2018) The investment management is performed by the
Management Company through its UK branch.• The Sub-Investment Manager is Allianz Global Investors U.S. LLC.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer to Sections1, 3 and 4.4 of the Prospectus for further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer to Section 7 of the Prospectus for further information on risks of the product.
Market and Credit Risks• You may be exposed to currency risk.o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
• You may be exposed to emerging markets risk.o The Fund invests in emerging markets which are subject to greater liquidity
risk, currency risk, general market risk, settlement risk and custodial risk.The legal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
• You may also be exposed to general market risk, creditworthiness risk and counterparty risk.
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Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus.• You may be exposed to liquidity risk.o The Fund may invest in illiquid securities. Even relatively small orders of
illiquid securities can lead to significant price changes. If an asset is illiquid, there is the risk that it cannot be sold or can only be sold at a significant discount to the purchase price.
• Your right to redemption may be deferred or suspended under certain circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.
Product-Specific Risks• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risks associated with the CIBM.o Market volatility and potential lack of liquidity due to low trading volume of
certain debt securities in the CIBM may result in prices of certain debt securities traded on such market fluctuating significantly. The Fund may also be exposed to risks associated with settlement procedures and default of counterparties, risks of default or errors on the part of the onshore settlement agent and regulatory risks in connection to its transactions in the CIBM.
• You may be exposed to the risk of a credit long/short equity strategy.o The success of a credit long/short equity strategy depends primarily on the
selection of fixed income securities as well as on the degree of accuracy in forecasting the future performance of the credit markets. Depending on how the market does, the prices of the long and short positions could perform differently and losses in both positions could result.
• You may be exposed to the risk of investing in high-yield investments.o Investing in high-yield investments is normally associated with increased
creditworthiness risk, risk of interest rate changes, general market risk, company-specific risk and liquidity risk.
• You may be exposed to the risk of investing in China A-Shares.o The Fund assets may be invested in China A-Shares. The securities market
in the PRC, including China A-Shares, may be more volatile and unstable (for example, due to the risk of suspension/limitation in trading of a particular stock or government intervention) than markets in more developed countries and has potential settlement difficulties. This may result in significant fluctuations in the prices of securities traded in such market and thereby affecting the prices of shares of the Fund.
• You may be exposed to leverage risk.o The use of leverage (based on derivatives) may cause the Fund to be more
volatile and subject to higher price movements.• You may be exposed to the risk of a market neutral long/short equity
strategy.o The success of a market neutral long/short equity strategy depends primarily
on the selection of equity-oriented securities as well as on the degree of accuracy in forecasting the future performance of the equity markets. Depending on how the market does, the prices of the long and short positions could perform differently and losses in both positions could result.
• You may be exposed to risk of investing in RMB debt securities issued in the PRC.o The Fund invests in onshore debt securities in the PRC. Market volatility
and potential lack of liquidity due to low trading volumes in PRC’s debt
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markets may result in prices of securities traded on such markets fluctuating significantly, and may result in substantial volatility in the net asset value of the Fund and the subscription and redemption of the Fund’s units may also be disrupted.
• You may be exposed to specific risk of investing in RMB debt securities issued outside the PRC.o The availability of such securities is currently limited and therefore is more
susceptible to volatility and illiquidity. The operation of such market as well as new issuances could be disrupted causing a fall in the net asset value of the Fund should there be any promulgation of new rules which limit or restrict the ability of issuers to raise RMB by way of bond issuances and/or reversal or suspension of the liberalisation of the offshore RMB (CNH) market by the relevant regulators.
• You may be exposed to the risks of using Stock Connect programmes.o The regulations relating to the Stock Connect programmes are untested and
subject to change which may have potential retrospective effect. There is no certainty as to how they will be applied.
o The Fund will also be subject to other risks in connection with its investments in China A-Shares via Stock Connect programmes such as regulatory risks, taxation risk and RMB currency risk in relation to Stock Connect programmes.
• You may also be exposed to company-specific risk, risk of interest rate changes, risk relating to distribution out of capital, commodities markets risk, risk of hedge funds, risk of event-driven strategies, risk of global macro strategies, PRC tax risk, RMB currency risk, risk of investing in private equity and property related assets risk.
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):Subscription Fee Up to 4% Redemption Fee/ Disinvestment Fee Currently NIL Conversion Fee Up to 4%
Additional fees may be payable to Singapore distributors.Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage depends
on the relevant share class):All-in-Fee Up to 1.50% p.a.
The fees and expenses of the investment manager, central administration agentand depositary will be covered by the All-in-Fee payable to the Management Company.
Refer to Section 6 of the Prospectus for further information on fees and charges.
VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors
may, at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
Refer to Sections 8.8, 11 and 9 of the Prospectus for further information on valuation and exiting from the product.
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• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable. CONTACT INFORMATION
HOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
CIBM : Means China interbank bond market, the over-the-counter market for bonds issued and traded in the PRC.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
High-Yield Investments Type 2
: Means an investment in debt securities which at the time of acquisition has a rating of between BB+ and B- (inclusive) (Standard & Poor’s and Fitch) or of between Ba1 and B3 (inclusive) (Moody’s) or the equivalent by another rating agency or, if unrated, as determined by the Investment Manager to be of comparable quality. In case of a minimum (maximum) investment limit of High-Yield Investment Type 2 securities according to the Fund’s investment restrictions, the lowest (highest) available rating of a debt security at acquisition day is decisive for the assessment of the possible acquisition ofsuch debt security as High-Yield Investment Type 2.
PRC : Means the People’s Republic of China, excluding the Hong Kong Special Administrative Region, the Macau Special Administrative Region and Taiwan.
RMB : Means the Chinese Renminbi, the official currency of the PRC and, unless the context otherwise requires, the term “RMB” refers to offshore Chinese Renminbi (“CNH”) traded offshore in Hong Kong or markets outside the PRC and not to onshore Chinese Renminbi (“CNY”).
Stock Connect : Means the program which aims to achieve mutual stock market access between PRC and Hong Kong.
Valuation/Dealing Day
: Means each day on which banks and exchanges in Luxembourg the United States are open for business.
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Allianz Global High Yield
Prepared on: 28/2/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.
ALLIANZ GLOBAL HIGH YIELDProduct Type Collective
Investment SchemeLaunch Date 31 October 2016
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
0.582% to 1.402%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation;o have basic knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer to Section5.1 of the Prospectus for further information on product suitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth by investing in high yield rated debt securities of global bond markets.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”,you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer to Sections 1, 2, 5 and 17.1 of the Prospectus for further information on features of the product.
Investment Strategy• Fund assets are primarily invested high yield rated debt securities of global
bond markets.• Fund assets may be invested in Emerging Markets.• (until 28 March 2018) A minimum of 70% of Fund assets are invested in High-
Yield Investments Type 1, however assets that are only rated CC, C or D (Standard and Poor’s), Ca or C (Moody’s) or C, RD or D (Fitch) may be acquired.
Refer to Section 5 of the Prospectus for further information on the investment strategy of the
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961 oraccessible at sg.allianzgi.com or from any of our appointed distributors. 2 Annualised figure.
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• (as of 29 March 2018) A minimum of 70% of Fund assets are invested in High-Yield Investments Type 1, however within this limit Sub-Fund assets may be invested in Debt Securities that are only rated CC (Standard & Poor`s) or lower (including max. 10% of defaulted securities).
• On a temporary basis for liquidity management and/or defensive purpose and/or any other exceptional circumstances, and if the Investment Manager considers it in the best interest of the Fund, up to 100% of Fund assets may be held in deposits and/or invested directly in money market instruments and (up to 10% of Fund assets) in money market funds.
• The Fund may conduct securities lending transactions, over-the-counter (“OTC”) based repurchase and/or reverse repurchase transactions and similar OTC transactions in aggregate for up to 50% of the Fund’s assets.
• Fund assets may be invested in future-contracts on global equity indices (equity index futures) for both efficient portfolio management and hedging purposes. Fund assets must not at any time own a long position in any equity index futures.
• The Fund may invest in financial derivative instruments for efficient portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
product.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”).• The Management Company is Allianz Global Investors GmbH.• The investment management is performed by the Management Company
through its UK branch.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer to Sections1, 3 and 4.4 of the Prospectus for further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer to Section 7 of the Prospectus for further information on risks of the product.
Market and Credit Risks• You may be exposed to creditworthiness risk.o The creditworthiness (ability to pay) of the issuer of an asset held by the
Fund may fall. This usually leads to a decrease in the price of the asset greater than that caused by general market fluctuations.
• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to counterparty risk.o To the extent that transactions for the Fund are not handled through a stock
exchange or a regulated market (e.g. over the counter trades), there is a risk that a counterparty may default or not completely fulfil its obligations in addition to the general risk of settlement default. This is particularly true of over the counter financial derivative instruments and other transactions based on techniques and instruments.
• You may be exposed to currency risk.o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
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Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus.• You may be exposed to liquidity risk.o The Fund may invest in illiquid securities. Even relatively small orders of
illiquid securities can lead to significant price changes. If an asset is illiquid, there is the risk that it cannot be sold or can only be sold at a significant discount to the purchase price.
• Your right to redemption may be deferred or suspended under certain circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.
Product-Specific Risks• You may be exposed to the risk of interest rate changes.o If market interest rates rise, the value of the interest-bearing assets held by
the Fund may decline substantially. This applies to an even greater degree if the Fund also holds interest-bearing securities with a longer time to maturity and a lower nominal interest rate.
• You may be exposed to company-specific risk.o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii)
the use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital
you should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• You may be exposed to the risk of investing in high-yield investments.o Investing in high-yield investments is normally associated with increased
creditworthiness risk, risk of interest rate changes, general market risk, company-specific risk and liquidity risk.
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class): Subscription Fee Up to 3% Redemption Fee/ Disinvestment Fee Currently NIL Conversion Fee Up to 3% Additional fees may be payable to Singapore distributors.
Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage depends
on the relevant share class):All-in-Fee Up to 1.45% p.a.
The fees and expenses of the investment manager, central administration agentand depositary will be covered by the All-in-Fee payable to the Management Company.
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VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors may,
at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable.
Refer to Sections 8.8, 11and 9 of the Prospectus for further information on valuation and exiting from the product.
CONTACT INFORMATIONHOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
High-Yield InvestmentsType 1
: Means an investment in debt securities which at the time of acquisition has a rating of BB+ or below (Standard & Poor’s and Fitch) or of Ba1 or below (Moody’s) or the equivalent by another rating agency or, if unrated, as determined by the Investment Manager to be of comparable quality. In case of a minimum (maximum) investment limit of High-Yield Investment Type 1 securities according to the Fund’s investment restrictions, the lowest (highest) available rating of a debt security at acquisition day is decisive for the assessment of the possible acquisition of such debt security as High-Yield Investment Type 1. Generally, there is no intention to acquire debt securities that are only rated CC, C or D (Standard & Poor’s), C, RD or D (Fitch) or Ca or C (Moody’s) unless otherwise specified.
Valuation/Dealing Day
: Means each day on which banks and exchanges in Luxembourg and the United Kingdom are open for business.
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Prepared on: 8/1/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.
ALLIANZ GLOBAL HI-TECH GROWTH
Product Type Collective Investment Scheme
Launch Date 3 October 2008
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
2.09%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation and/or
above-average participation in price changes;o have basic knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short or medium timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer toSection 5.1 oftheProspectus for furtherinformation onproductsuitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth by investing in equity markets of the information technology sector in accordance with the Global Industry Classification Standard – (GICS®) or to an industry which forms part of this sector.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/ “Mg”,you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the
Refer toSections 1, 2, 5 and 17.1 of theProspectus for furtherinformation onfeatures of theproduct.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961 oraccessible at sg.allianzgi.com or from any of our appointed distributors.
Allianz Global Hi-Tech Growth
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Fund’s net asset valueInvestment Strategy
• A minimum of 70% of Fund assets are invested in equity markets of the information technology sector in accordance with the Global Industry Classification Standard –(GICS®) or to an industry which forms part of this sector.
• Fund assets may be invested in Emerging Markets.• The Fund may invest in financial derivative instruments for efficient
portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
Refer toSection 5 of theProspectus for further information on the investment strategy of the product.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”).• The Management Company is Allianz Global Investors GmbH.• The Investment Manager is Allianz Global Investors U.S. LLC.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer toSections 1, 3 and 4.4 of theProspectus for further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer toSection 7 of theProspectus for further information onrisks of the product.
Market and Credit Risks• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to currency risk.o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
• You may be exposed to emerging markets risk.o The Fund invests in emerging markets which are subject to greater liquidity
risk, currency risk, general market risk, settlement risk and custodial risk. The legal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus.
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• You may be exposed to liquidity risk.o The Fund may invest in illiquid securities. Even relatively small orders of
illiquid securities can lead to significant price changes. If an asset is illiquid, there is the risk that it cannot be sold or can only be sold at a significant discount to the purchase price.
• Your right to redemption may be deferred or suspended under certain circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.
Product-Specific Risks• You may be exposed to company-specific risk.o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could havea substantial, even negative, effect on the performance of the Fund.
• You may be exposed to concentration risk. o The Fund focuses its investments on the information technology sector,
which may reduce risk diversification. Consequently, the Fund may be particularly dependent on the development of these industries or industries that influence each other or companies of such industries.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital
you should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):Subscription Fee Up to 5%Redemption Fee/ Disinvestment Fee Currently NIL Conversion Fee Up to 5%
Additional fees may be payable to Singapore distributors.Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage
depends on the relevant share class):All-in-Fee Up to 2.05% p.a.
The fees and expenses of the investment manager, central administration agentand depositary will be covered by the All-in-Fee payable to the Management Company.
Refer toSection 6 of the Prospectusfor further information onfees andcharges.
VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?
Refer to Sections 8.8,11 and 9 of the Prospectus for further information on
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• There is no cancellation period for the Fund. Some Singapore distributors may, at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable.
valuation and exiting from the product.
CONTACT INFORMATIONHOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
Valuation/Dealing Day
: Means each day on which banks and exchanges in Luxembourg and Germany are open for business.
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Prepared on: 8/1/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.
ALLIANZ GLOBAL METALS AND MINING
Product Type Collective Investment Scheme
Launch Date 22 February 2011
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
0.96% to 1.84%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation and/or
above-average participation in price changes;o have basic knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short or medium timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer toSection 5.1 oftheProspectus for furtherinformation onproductsuitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth by investing in global equity markets with a focus on natural resources-related companies.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”,you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer toSections 1, 2, 5 and 17.1 of theProspectus for furtherinformation onfeatures of theproduct.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961or accessible at sg.allianzgi.com or from any of our appointed distributors.
Allianz Global Metals and Mining
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Investment Strategy• A minimum of 70% of Fund assets are invested in global equity markets with a
focus on natural resources-related companies. Natural resources may comprise of nonferrous metals, iron and other ores, steel, coal, precious metals, diamonds or industrial salts and minerals.
• Fund assets may be invested in Emerging Markets.• The Fund may invest in financial derivative instruments for efficient
portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
Refer toSection 5 of theProspectus for further information on the investment strategy of the product.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”).• The Management Company is Allianz Global Investors GmbH.• The investment management is performed by the Management Company.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer toSections 1, 3 and 4.4 of theProspectus for further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer toSection 7 of theProspectus for further information onrisks of the product.
Market and Credit Risks• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to currency risk.o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
• You may be exposed to emerging markets risk.o The Fund invests in emerging markets which are subject to greater liquidity
risk, currency risk, general market risk, settlement risk and custodial risk. The legal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus.• You may be exposed to liquidity risk.o The Fund may invest in illiquid securities. Even relatively small orders of
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illiquid securities can lead to significant price changes. If an asset is illiquid, there is the risk that it cannot be sold or can only be sold at a significant discount to the purchase price.
• Your right to redemption may be deferred or suspended under certain circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.
Product-Specific Risks• You may be exposed to company-specific risk.o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could havea substantial, even negative, effect on the performance of the Fund.
• You may be exposed to concentration risk. o The Fund focuses its investments on natural resources-related companies,
which may reduce risk diversification. Consequently, the Fund may be particularly dependent on the development of these industries or industries that influence each other or companies of such industries.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital you
should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):Subscription Fee Up to 5%Redemption Fee/ Disinvestment Fee
Currently NIL
Conversion Fee Up to 5%Additional fees may be payable to Singapore distributors.
Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage
depends on the relevant share class):All-in-Fee Up to 1.80% p.a.
The fees and expenses of the investment manager, central administration agentand depositary will be covered by the All-in-Fee payable to the Management Company.
Refer toSection 6 of theProspectus for further information onfees andcharges.
VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors may,
Refer to Sections 8.8,11 and 9 of the Prospectus for further information on valuation and
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at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable.
exiting from the product.
CONTACT INFORMATIONHOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
Valuation/Dealing Day
: Means each day on which banks and exchanges in Luxembourg and Germany are open for business.
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172
Allianz Global Multi-Asset Credit
Prepared on: 28/2/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.
ALLIANZ GLOBAL MULTI-ASSET CREDITProduct Type Collective
Investment Scheme Launch Date 31 October 2016
Management Company
Allianz Global Investors GmbH Depositary State Street Bank
Luxembourg S.C.A.
Trustee Not applicable Dealing FrequencyEvery Dealing Day which is a Singapore business day
Capital Guaranteed NoExpense Ratio for Financial Year ended 30 September 2017
0.532% to 1.152%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation;o have basic knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer to Section5.1 of the Prospectus for further information on product suitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term returns in excess of 3 months USD Libor by investing in global bond markets.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”,you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer to Sections 1, 2, 5 and 17.1 of the Prospectus for further information on features of the product.
Investment Strategy• A minimum of 70% of Fund assets are invested in global bond markets.• Fund assets may be invested in Emerging Markets.• (until 28 March 2018) A maximum of 75% of Fund assets may be invested in
High Yield Investments Type 1, however assets that are only rated CC, C or D (Standard and Poor’s), Ca or C (Moody’s) or C, RD or D (Fitch) may be acquired. Debt securities in the aforementioned meaning which have no rating
Refer to Section 5 of the Prospectus for further information on the investment
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961 oraccessible at sg.allianzgi.com or from any of our appointed distributors. 2 Annualised figure.
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and therefore are determined by the Investment Manager to be of comparable quality are restricted to 10% of Fund assets.
• (as of 29 March 2018) A maximum of 75% of Fund assets may be invested in High Yield Investments Type 1, however, within this limit (i) a maximum of 10% of Fund assets may be invested in debt securities with a rating of CCC+ (Standard & Poor’s) or lower (including defaulted securities) and (ii) a maximum of 10 % of Sub-Fund assets may be invested in unrated debt securities with the consequence that a rating is to be determined by the Investment Manager to be of comparable quality. The highest available rating at acquisition day is decisive for the assessment of the possible acquisition of a debt security
• A maximum of 40% of Fund assets may be invested in asset-backed securities (ABS) and/or mortgage-backed securities (MBS).
• On a temporary basis for liquidity management and/or defensive purpose and/or any other exceptional circumstances, and if the Investment Manager considers it in the best interest of the Fund, up to 100% of Fund assets may be held in deposits and/or invested directly in money market instruments and (up to 10% of Fund assets) in money market funds.
• The Fund may conduct securities lending transactions, over-the-counter (“OTC”) based repurchase and/or reverse repurchase transactions and similar OTC transactions in aggregate for up to 50% of the Fund’s assets.
• Fund assets may be invested in future-contracts on global equity indices (equity index futures) for both efficient portfolio management and hedging purposes. Fund assets must not at any time own a long position in any equity index futures.
• The Fund may invest in financial derivative instruments for efficient portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
strategy of the product.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”).• The Management Company is Allianz Global Investors GmbH.• The investment management is performed by the Management Company
through its UK branch.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer to Sections1, 3 and 4.4 of the Prospectus for further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer to Section 7 of the Prospectus for further information on risks of the product.
Market and Credit Risks• You may be exposed to creditworthiness risk.o The creditworthiness (ability to pay) of the issuer of an asset held by the
Fund may fall. This usually leads to a decrease in the price of the asset greater than that caused by general market fluctuations.
• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to counterparty risk.o To the extent that transactions for the Fund are not handled through a stock
exchange or a regulated market (e.g. over the counter trades), there is a risk that a counterparty may default or not completely fulfil its obligations in addition to the general risk of settlement default. This is particularly true of
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over the counter financial derivative instruments and other transactions based on techniques and instruments.
• You may be exposed to currency risk.o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus.• You may be exposed to liquidity risk.o The Fund may invest in illiquid securities. Even relatively small orders of
illiquid securities can lead to significant price changes. If an asset is illiquid, there is the risk that it cannot be sold or can only be sold at a significant discount to the purchase price.
• Your right to redemption may be deferred or suspended under certain circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.
Product-Specific Risks• You may be exposed to the risk of interest rate changes.o If market interest rates rise, the value of the interest-bearing assets held by
the Fund may decline substantially. This applies to an even greater degree if the Fund also holds interest-bearing securities with a longer time to maturity and a lower nominal interest rate.
• You may be exposed to company-specific risk.o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii)
the use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to Mortgage-Backed Securities (“MBS”) and Asset-Backed Securities (“ABS”) risk. o ABS and MBS may be highly illiquid and prone to substantial price
volatility. These instruments may therefore be subject to greater credit, liquidity and interest-rate risks compared to other debt securities.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital
you should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• You may be exposed to defaulted securities risk.o The Fund may acquire securities issued from a defaulted issuer (“defaulted
securities”). Defaulted securities contain the enacted risks of an issuer default. The acquisition of defaulted securities by the Fund represents the great risk to lose the complete investment.
• You may be exposed to the risk of investing in high-yield investments.o Investing in high-yield investments is normally associated with increased
creditworthiness risk, risk of interest rate changes, general market risk, company-specific risk and liquidity risk.
• The net asset value of the Fund may likely have a high volatility due to
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the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class): Subscription Fee Up to 3% Redemption Fee/ Disinvestment Fee Currently NIL Conversion fee Up to 3% Additional fees may be payable to Singapore distributors.
Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage depends
on the relevant share class):All-in-Fee Up to 1.30% p.a.
The fees and expenses of the investment manager, central administration agentand depositary will be covered by the All-in-Fee payable to the Management Company.
VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors may,
at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable.
Refer to Sections 8.8, 11and 9 of the Prospectus for further information on valuation and exiting from the product.
CONTACT INFORMATIONHOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
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APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
High-Yield InvestmentsType 1
: Means an investment in debt securities which at the time of acquisition has a rating of BB+ or below (Standard & Poor’s and Fitch) or of Ba1 or below (Moody’s) or the equivalent by another rating agency or, if unrated, as determined by the Investment Manager to be of comparable quality. In case of a minimum (maximum) investment limit of High-Yield Investment Type 1 securities according to the Fund’s investment restrictions, the lowest (highest) available rating of a debt security at acquisition day is decisive for the assessment of the possible acquisition of such debt security as High-Yield Investment Type 1. Generally, there is no intention to acquire debt securities that are only rated CC, C or D (Standard & Poor’s), C, RD or D (Fitch) or Ca or C (Moody’s) unless otherwise specified.
Valuation/Dealing Day
: Means each day on which banks and exchanges in Luxembourg and the United Kingdom are open for business.
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Prepared on: 8/1/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.
ALLIANZ GLOBAL SMALL CAP EQUITY
Product Type Collective Investment Scheme
Launch Date 18 June 2013
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
0.80% to 2.09%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation and/or
above-average participation in price changes;o have basic knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short or medium timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer toSection 5.1 oftheProspectus for furtherinformation onproductsuitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth by investing in global equity markets with a focus on small-sized companies.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) "M"/”Mg”, you may instead receive distributions on 15th of every month or if it contains additional letter(s) "Q"/”Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer toSections 1, 2, 5 and 17.1 of theProspectus for furtherinformation onfeatures of theproduct.
Investment Strategy• A minimum of 70% of Fund assets are invested in global equity markets with a
focus on small-sized companies. • For the purpose of the Fund “small-sized companies” means companies whose
market capitalisation is a maximum of 1.3 times the market capitalisation of the largest security in terms of market capitalisation in the MSCI World Small Cap Index.
• Under normal market situations the Investment Manager expects to maintain a weighted-average market capitalisation of the portfolio of the Fund between
Refer toSection 5 of theProspectus for further information on the investment strategy of the
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961or accessible at sg.allianzgi.com or from any of our appointed distributors.
Allianz Global Small Cap Equity
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50% and 200% of the weighted-average market capitalisation of the securities in the MSCI World Small Cap Index.
• A maximum of 30% of Fund assets may be invested in Emerging Markets,limited to a maximum of 10% of Fund assets for each single Emerging Markets country.
• The Fund may invest in financial derivative instruments for efficient portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
product.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”).• The Management Company is Allianz Global Investors GmbH.• The investment management is performed by the Management Company
through its UK branch.• The Sub-Investment Managers are Allianz Global Investors U.S. LLC, Allianz
Global Investors Asia Pacific Limited and Allianz Global Investors Japan Co., Ltd..
• The Depositary is State Street Bank Luxembourg S.C.A..
Refer toSections 1, 3 and 4.4 of theProspectus for further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer toSection 7 of theProspectus forfurther information onrisks of the product.
Market and Credit Risks• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the economic
and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to emerging markets risk.o The Fund invests in emerging markets which are subject to greater liquidity
risk, currency risk, general market risk, settlement risk and custodial risk. The legal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
• You may be exposed to currency risk.o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus.• Your right to redemption may be deferred or suspended under certain
circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.Product-Specific Risks
• You may be exposed to company-specific risk.o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
• You may be exposed to the risk of small capitalisation companies.o The equities of small capitalisation companies may have lower liquidity and
the prices are more volatile to adverse economic developments than those of larger capitalisation companies in general.
• You may be exposed to concentration risk.o The Fund focuses its investments on small-sized companies, which may
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reduce risk diversification. Consequently, the Fund may be particularly dependent on the development of these markets or related markets or companies of such markets.
• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital you
should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• You may be exposed to the risk of investing in China A-Shares.o The Fund assets may be invested in China A-Shares. The securities market
in the PRC, including China A-Shares, may be more volatile and unstable (for example, due to the risk of suspension/limitation in trading of a particular stock or government intervention) than markets in more developed countries and has potential settlement difficulties. This may result in significant fluctuations in the prices of securities traded in such market and thereby affecting the prices of shares of the Fund.
• You may be exposed to PRC tax risk.o It is possible that the current tax laws, regulations and practices in the PRC
will change (which may have retrospective effect). Any increased tax liabilities on the Fund may adversely affect the Fund’s value.
o If no or inadequate provision for potential withholding tax is made and in the event that the PRC tax authorities enforce the imposition of such withholding tax, the net asset value of the Fund may be adversely affected. Depending on the timing of their subscriptions and/or redemptions, investors may be disadvantaged as a result of any shortfall of tax provision.
• You may be exposed to property related assets risk.o The Fund’s investments in the real estate industry may be subject to risks of
fluctuations in the value and the rental income received in respect of the underlying property. This risk applies when investments are made through funds, property companies or other property equity market-related products (in particular, REITs).
• You may be exposed to the risks of using Stock Connect programmes.o The regulations relating to the Stock Connect programmes are untested and
subject to change which may have potential retrospective effect. There is no certainty as to how they will be applied.
o The Fund will also be subject to other risks in connection with its investments in China A-Shares via Stock Connect programmes such as regulatory risks, taxation risk and RMB currency risk in relation to Stock Connect programmes.
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):
Subscription Fee Up to 5% Redemption Fee/ Disinvestment Fee
Currently NIL
Conversion Fee Up to 5%Additional fees may be payable to Singapore distributors.
Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage
depends on the relevant share class):All-in-Fee Up to 2.05% p.a.
The fees and expenses of the investment manager, central administration agentand depositary will be covered by the All-in-Fee payable to the Management Company.
Refer toSection 6 of the Prospectusfor further information onfees andcharges.
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VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors may,
at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable.
Refer to Sections 8.8,11 and 9 of the Prospectus for further information on valuation and exiting from the product.
CONTACT INFORMATIONHOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
PRC : Means the People’s Republic of China, excluding the Hong Kong Special Administrative Region, the Macau Special Administrative Region and Taiwan.
RMB : Means the Chinese Renminbi, the official currency of the PRC and, unless the context otherwise requires, the term “RMB” refers to offshore Chinese Renminbi (“CNH”) traded offshore in Hong Kong or markets outside the PRC and not to onshore Chinese Renminbi (“CNY”).
Stock Connect : Means the program which aims to achieve mutual stock market access between PRC and Hong Kong.
Valuation/Dealing Day
: Means each day on which banks and exchanges in Luxembourg and New York are open for business.
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Prepared on: 8/1/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.
ALLIANZ GLOBAL SUSTAINABILITY
Product Type Collective Investment Scheme
Launch Date 2 January 2003
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
1.01% to 1.84%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation and/or
above-average participation in price changes;o have basic knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short or medium timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer toSection 5.1 oftheProspectusfor furtherinformationon productsuitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth by investing in global equity markets of developed countries with a focus on companies with sustainablebusiness practices and which the Investment Manager believes may create long-term value. The Investment Manager may engage in foreign currency overlay and thus assume separate foreign currency risks with regard to currencies of OECD member states, even if the Fund does not include any assets denominated in these respective currencies.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/ “Mg”,you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer toSections 1, 2, 5 and 17.1 of theProspectusfor furtherinformationon features ofthe product.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961or accessible at sg.allianzgi.com or from any of our appointed distributors.
Allianz Global Sustainability
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Investment Strategy• A minimum of 70% of Fund assets are invested in global equity markets of
developed countries with a focus on companies with sustainable business practices (namely, business practices which are environmentally friendly and socially responsible) and which the Investment Manager believes may create long-term value.
• A maximum of 30% of Fund assets may be invested in equities other than the above with sustainable business practices.
• A maximum of 30% of Fund assets may be invested in Emerging Markets with sustainable business practices.
• Fund assets may not be invested in equities that generate a share of more than 5% of its revenues in the sectors (i) alcohol, (ii) armament, (iii) gambling, (iv) pornography and (v) tobacco.
• The Fund may invest in financial derivative instruments for efficient portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
Refer toSection 5 of theProspectusfor further information on the investment strategy of the product.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”).• The Management Company is Allianz Global Investors GmbH.• The investment management is performed by the Management Company
through its UK branch.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer toSections 1, 3 and 4.4 of theProspectusfor further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer toSection 7 of theProspectusfor further informationon risks of the product.
Market and Credit Risks• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to emerging markets risk.o The Fund invests in emerging markets which are subject to greater liquidity
risk, currency risk, general market risk, settlement risk and custodial risk. The legal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
• You may be exposed to currency risk.o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus.
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• You may be exposed to liquidity risk.o The Fund may invest in illiquid securities. Even relatively small orders of
illiquid securities can lead to significant price changes. If an asset is illiquid, there is the risk that it cannot be sold or can only be sold at a significant discount to the purchase price.
• Your right to redemption may be deferred or suspended under certain circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.
Product-Specific Risks• You may be exposed to company-specific risk.o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital you
should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):Subscription Fee Up to 5%Redemption Fee/ Disinvestment Fee Currently NILConversion Fee Up to 5%
Additional fees may be payable to Singapore distributors.Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage
depends on the relevant share class):All-in-Fee Up to 1.80% p.a.
The fees and expenses of the investment manager, central administration agentand depositary will be covered by the All-in-Fee payable to the Management Company.
Refer toSection 6 of theProspectusfor further information onfees andcharges.
VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors may,
at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as
Refer to Sections 8.8,11 and 9 of the Prospectusfor further information on valuation and exiting from the product.
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you have agreed with the Singapore Representative or Singapore distributor).• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable. CONTACT INFORMATION
HOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
Valuation/Dealing Day
: Means a Business Day.
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Prepared on: 8/1/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.
ALLIANZ HIGH DIVIDEND ASIA PACIFIC EQUITY
Product Type Collective Investment Scheme
Launch Date 7 January 2016
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
0.91% to 2.10%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation and/or
above-average participation in price changes;o have basic knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short or medium timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further Information
Refer toSection 5.1 ofthe Prospectusfor furtherinformation onproductsuitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth by investing in a portfolio of Asia-Pacific (excluding Japan) equity market securities, with a potential dividend yield above the market average.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”,you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/ “Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer toSections 1, 2, 5 and 17.1 of theProspectus for furtherinformation onfeatures of theproduct.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961or accessible at sg.allianzgi.com or from any of our appointed distributors.
Allianz High Dividend Asia Pacific Equity
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Investment Strategy• A minimum of 70% of Fund assets are invested in a portfolio of Asia-Pacific
(excluding Japan) equity market securities, with a potential dividend yield above the market average.
• A maximum of 80% of Fund assets may be invested in Emerging Markets.• A maximum of 30% of Fund assets may be invested into the China A-Shares
either directly through Stock Connect or indirectly through eligible instrumentsand/or China B-Shares markets either directly or indirectly through eligible instruments.
• The Fund may invest in financial derivative instruments for efficient portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
Refer toSection 5 of theProspectus for further information on the investment strategy of the product.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”).• The Management Company is Allianz Global Investors GmbH.• The Investment Manager is Allianz Global Investors Asia Pacific Limited.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer toSections 1, 3 and 4.4 of theProspectus for further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer toSection 7 of theProspectus for further information onrisks of the product.
Market and Credit Risks• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to emerging markets risk.o The Fund invests in emerging markets which are subject to greater liquidity
risk, currency risk, general market risk, settlement risk and custodial risk. Thelegal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
• You may be exposed to country and region risk in Asia-Pacific.o The Fund’s investments focus on Asia Pacific, which may increase the
concentration risk. Consequently, the Fund is particularly susceptible to the adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event or development in and risks of this region, or of companies based and / or operating in this region.
• You may be exposed to currency risk.o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus.• Your right to redemption may be deferred or suspended under certain
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circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.Product-Specific Risks
• You may be exposed to company-specific risk.o The value of the assets in particular of securities and money market
instruments directly or indirectly held by the Fund may drop significantly and for an extended period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital you
should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• You may be exposed to PRC tax risk.o It is possible that the current tax laws, regulations and practices in the PRC
will change (which may have retrospective effect). Any increased tax liabilities on the Fund may adversely affect the Fund’s value.
o If no or inadequate provision for potential withholding tax is made and in the event that the PRC tax authorities enforce the imposition of such withholding tax, the net asset value of the Fund may be adversely affected. Depending on the timing of their subscriptions and/or redemptions, investors may be disadvantaged as a result of any shortfall of tax provision.
• You may be exposed to the risk of investing in China A-Shares.o The Fund assets may be invested in China A-Shares. The securities market
in the PRC, including China A-Shares, may be more volatile and unstable (for example, due to the risk of suspension/limitation in trading of a particular stock or government intervention) than markets in more developed countries and has potential settlement difficulties. This may result in significant fluctuations in the prices of securities traded in such market and thereby affecting the prices of shares of the Fund.
• You may be exposed to the risks of using Stock Connect programmes.o The regulations relating to the Stock Connect programmes are untested and
subject to change which may have potential retrospective effect. There is no certainty as to how they will be applied.
o The Fund will also be subject to other risks in connection with its investments in China A-Shares via Stock Connect programmes such as regulatory risks, taxation risk and RMB currency risk in relation to Stock Connect programmes.
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):
Subscription Fee Up to 5%Redemption Fee/ Disinvestment Fee Currently NIL Conversion Fee Up to 5%
Additional fees may be payable to Singapore distributors.Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage
depends on the relevant share class):All-in-Fee Up to 2.05% p.a.
The fees and expenses of the investment manager, central administration agentand depositary will be covered by the All-in-Fee payable to the Management
Refer toSection 6 of theProspectus for further information onfees andcharges.
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Company.VALUATIONS AND EXITING FROM THIS INVESTMENT
HOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors may,
at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable.
Refer to Sections 8.8,11 and 9 of the Prospectus for further information on valuation and exiting from the product.
CONTACT INFORMATIONHOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
PRC : Means the People’s Republic of China, excluding the Hong Kong Special Administrative Region, the Macau Special Administrative Region and Taiwan.
RMB : Means the Chinese Renminbi, the official currency of the PRC and, unless the context otherwise requires, the term “RMB” refers to offshore Chinese Renminbi (“CNH”) traded offshore in Hong Kong or markets outside the PRC and not to onshore Chinese Renminbi (“CNY”).
Stock Connect : Means the program which aims to achieve mutual stock market access between PRC and Hong Kong.
Valuation/ Dealing Day
: Means each day on which banks and exchanges in Luxembourg and Hong Kong are open for business.
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Prepared on: 8/1/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.
ALLIANZ HONG KONG EQUITY
Product Type Collective Investment Scheme
Launch Date 3 October 2008
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
1.08% to 2.09%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation and/or
above-average participation in price changes;o have basic knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short or medium timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further Information
Refer toSection 5.1 ofthe Prospectusfor furtherinformation onproductsuitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth by investing in Hong Kong equity markets.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”,you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer toSections 1, 2, 5 and 17.1 of theProspectus for furtherinformation onfeatures of theproduct.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961or accessible at sg.allianzgi.com or from any of our appointed distributors.
Allianz Hong Kong Equity
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Investment Strategy• A minimum of 70% of Fund assets are invested in Hong Kong equity markets.• A maximum of 30% of Fund assets may be invested in Emerging Markets.• A maximum of 30% of Fund assets may be invested into the Chinese A-Shares
market either directly through Stock Connect or indirectly through eligible instruments.
• The Fund may invest in financial derivative instruments for efficient portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
Refer toSection 5 of theProspectus for further information on the investment strategy of the product.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”).• The Management Company is Allianz Global Investors GmbH.• The Investment Manager is Allianz Global Investors Asia Pacific Limited.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer toSections 1, 3 and 4.4 of theProspectus for further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer toSection 7 of theProspectus for further information onrisks of the product.
Market and Credit Risks• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to emerging markets risk.o The Fund invests in emerging markets which are subject to greater liquidity
risk, currency risk, general market risk, settlement risk and custodial risk. The legal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
• You may be exposed to country risk in Hong Kong.o The Fund’s investments focus on Hong Kong, which may increase the
concentration risk. Consequently, the Fund is particularly susceptible to the adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event or development in and risks of this country, or of companies based and / or operating in this country.
Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days in the manner described in the Prospectus.o There is no secondary market in Singapore for the Fund.
• Your right to redemption may be deferred or suspended under certain circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.
Product-Specific Risks• You may be exposed to company-specific risk.o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
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• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital you
should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• You may be exposed to the risk of investing in China A-Shares.o The Fund assets may be invested in China A-Shares. The securities market
in the PRC, including China A-Shares, may be more volatile and unstable (for example, due to the risk of suspension/limitation in trading of a particular stock or government intervention) than markets in more developed countries and has potential settlement difficulties. This may result in significant fluctuations in the prices of securities traded in such market and thereby affecting the prices of shares of the Fund.
• You may be exposed to PRC tax risk.o It is possible that the current tax laws, regulations and practices in the PRC
will change (which may have retrospective effect). Any increased tax liabilities on the Fund may adversely affect the Fund’s value.
o If no or inadequate provision for potential withholding tax is made and in the event that the PRC tax authorities enforce the imposition of such withholding tax, the net asset value of the Fund may be adversely affected. Depending on the timing of their subscriptions and/or redemptions, investors may be disadvantaged as a result of any shortfall of tax provision.
• You may be exposed to RMB currency risk.o The Fund may invest in assets denominated in offshore and onshore RMB.
The RMB traded in the PRC is not freely convertible and is subject to exchange control policies and restrictions imposed by the PRC authorities. Restrictions on repatriation of RMB out of the PRC may limit the depth of the RMB market available outside of the PRC, and thereby may reduce the liquidity of the Fund. The RMB may be subject to devaluation, in which case the value of the investments in RMB assets will be adversely affected. Furthermore although offshore RMB and onshore RMB are the same currency, they are traded on different and separate markets and as such, their values could differ and their exchange rates may not move in the same direction.
• You may be exposed to the risks of using Stock Connect programmes.o The regulations relating to the Stock Connect programmes are untested and
subject to change which may have potential retrospective effect. There is no certainty as to how they will be applied.
o The Fund will also be subject to other risks in connection with its investments in China A-Shares via Stock Connect programmes such as regulatory risks, taxation risk and RMB currency risk in relation to Stock Connect programmes.
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):
Subscription Fee Up to 5%Redemption Fee/ Disinvestment Fee Currently NIL
Refer toSection 6 of theProspectus for further information onfees and
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Conversion Fee Up to 5% Additional fees may be payable to Singapore distributors.
Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage
depends on the relevant share class):All-in-Fee Up to 2.05% p.a.
The fees and expenses of the investment manager, central administration agentand depositary will be covered by the All-in-Fee payable to the Management Company.
charges.
VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors may,
at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable.
Refer to Sections 8.8,11 and 9 of the Prospectus for further information on valuation and exiting from the product.
CONTACT INFORMATIONHOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
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APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
PRC : Means the People’s Republic of China, excluding the Hong Kong Special Administrative Region, the Macau Special Administrative Region and Taiwan.
RMB : Means the Chinese Renminbi, the official currency of the PRC and, unless the context otherwise requires, the term “RMB” refers to offshore Chinese Renminbi (“CNH”) traded offshore in Hong Kong or markets outside the PRC and not to onshore Chinese Renminbi (“CNY”).
Stock Connect : Means the program which aims to achieve mutual stock market access between PRC and Hong Kong.
Valuation/Dealing Day
: Means each day on which banks and exchanges in Luxembourg and Hong Kong are open for business.
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EET Prepared on: 8/1/18
This Product Highlights Sheet is an important document. • It highlights the key terms and risks of this investment product and complements the
Prospectus1. • It is important to read the Prospectus before deciding whether to purchase shares in the
product. If you do not have a copy, please contact us to ask for one. • You should not invest in the product if you do not understand it or are not comfortable with
the accompanying risks. • If you wish to purchase the product, you will need to make an application in the manner set
out in the Prospectus.
ALLIANZ INCOME AND GROWTH Product Type Collective
Investment Scheme Launch Date 31 August 2011
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
0.85% to 1.582%
Name of Guarantor Not applicable
PRODUCT SUITABILITY WHO IS THE PRODUCT SUITABLE FOR? • The Fund is only suitable for investors who: o pursue the objective of general capital formation/asset optimisation; o have basic knowledge and/or experience of financial products; and o are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short timeframe. o
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further Information Refer to Section 5.1 of the Prospectus for further information on product suitability.
KEY PRODUCT FEATURES WHAT ARE YOU INVESTING IN? • You are investing in a collective investment scheme constituted in Luxembourg that
aims to provide long term capital growth and income by investing in corporate debt securities and equities of US and/or Canadian equity and bond markets.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”, you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December. *Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer to Sections 1, 2, 5 and 17.1 of the Prospectus for further information on features of the product.
Investment Strategy • A minimum of 70% of Fund assets are invested in corporate debt securities and
equities of US and/or Canadian equity and bond markets. • A maximum of 70% of Fund assets may be invested in equities of US and/or
Canadian equity markets. • A maximum of 70% of Fund assets may be invested in convertible debt securities of
US and/or Canadian bond markets. • A maximum of 70% of Fund assets may be invested in High-Yield Investments Type
1. • A maximum of 30% of Fund assets may be invested in Emerging Markets. • A maximum of 25% of Fund assets may be held in deposits and/or may be invested
directly in money market instruments and/or (up to 10% of Fund assets) in money
Refer to Section 5 of the Prospectus for further information on the investment strategy of the product.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961 or accessible at sg.allianzgi.com or from any of our appointed distributors. 2 Annualised figure.
Allianz Income and Growth
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EET market funds.
• On a temporary basis for liquidity management and/or defensive purpose and/or any other exceptional circumstances, and if the Investment Manager considers it in the best interest of the Fund, up to 100% of Fund assets may be held in deposits and/or invested directly in money market instruments and (up to 10% of Fund assets) in money market funds.
• The Fund may conduct securities lending transactions, over-the-counter (“OTC”) based repurchase and/or reverse repurchase transactions and similar OTC transactions in aggregate for up to 50% of the Fund’s assets.
• The Fund may invest in financial derivative instruments for efficient portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
Parties Involved WHO ARE YOU INVESTING WITH? • The Fund is constituted as a sub-fund under the Allianz Global Investors Fund (the
“Company”). • The Management Company is Allianz Global Investors GmbH. • The Investment Manager is Allianz Global Investors U.S. LLC. • The Depositary is State Street Bank Luxembourg S.C.A..
Refer to Sections 1, 3 and 4.4 of the Prospectus for further information on the role and responsibilities of these entities.
KEY RISKS WHAT ARE THE KEY RISKS OF THIS INVESTMENT? The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer to Section 7 of the Prospectus for further information on risks of the product.
Market and Credit Risks • You may be exposed to general market risk. o The Fund is exposed to various general trends and tendencies in the economic
and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to country and region risk in US and/or Canada. o The Fund’s investments focus on US and/or Canada, which may increase the
concentration risk. Consequently, the Fund is particularly susceptible to the adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event or development in and risks of this region, or of companies based and / or operating in this region.
• You may be exposed to currency risk. o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
• You may be exposed to issuer default risk. o The issuer of securities held by the Fund may become insolvent causing its
inability to fulfill his payment obligations in a full and timely manner and causing such issued assets to become economically worthless.
• You may be exposed to creditworthiness risk. o The creditworthiness (ability to pay) of the issuer of an asset held by the Fund may
fall. This usually leads to a decrease in the price of the asset greater than that caused by general market fluctuations.
Liquidity Risks • The Fund is not listed in Singapore and you can redeem only on Dealing Days. o There is no secondary market in Singapore for the Fund. All redemption requests
may only be made in the manner described in the Prospectus. • Your right to redemption may be deferred or suspended under certain
circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.
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EET Product-Specific Risks
• You may be exposed to company-specific risk. o The value of the Fund’s assets may drop significantly and for an extended period
of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
• You may be exposed to derivatives risk. o (i) The derivatives may be misvalued or may have varying valuations; (ii) the use
of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk relating to distribution out of capital. o If you invest in a share class which provides for distributions out of capital you
should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• You may be exposed to the risk of interest rate changes. o If market interest rates rise, the value of the interest-bearing assets held by the
Fund may decline substantially. This applies to an even greater degree if the Fund also holds interest-bearing securities with a longer time to maturity and a lower nominal interest rate.
• You may be exposed to downgrading risk. o The credit rating of interest bearing securities held by the Fund may be
downgraded. The Fund may or may not be able to dispose of the securities that are being downgraded. This may lead to a fall in the net asset value of the Fund.
• You may be exposed to the risk of investing in high-yield investments and convertible bonds. o Investing in high-yield investments is normally associated with increased
creditworthiness risk, risk of interest rate changes, general market risk, company-specific risk and liquidity risk
o Investing in convertible bonds is normally associated with increased creditworthiness risk, risk of default, risk of interest rate changes, prepayment risk, general market risk and liquidity risk.
• You may be exposed to valuation risk. o Valuation of the Fund assets may involve uncertainties and judgmental
determinations. If such valuation turns out to be incorrect, this may affect the net asset value calculation of the Fund.
• You may be exposed to credit rating risk. o Credit ratings assigned by rating agencies are subject to limitations and do not
guarantee the creditworthiness of the security and/or issuer at all times. • You may be exposed to asset allocation risk. o The performance of the Fund is partially dependent on the success of the asset
allocation strategy employed by the Fund. There is no assurance that the strategy employed by the Fund will be successful and therefore the investment objective of the Fund may not be achieved. The investments of the Fund may be periodically rebalanced and therefore the Fund may incur greater transaction costs than a fund with static allocation strategy.
• You may be exposed to RMB currency risk. o The Fund may invest in assets denominated in offshore and onshore RMB. The
RMB traded in the PRC is not freely convertible and is subject to exchange control policies and restrictions imposed by the PRC authorities. Restrictions on repatriation of RMB out of the PRC may limit the depth of the RMB market available outside of the PRC, and thereby may reduce the liquidity of the Fund. The RMB may be subject to devaluation, in which case the value of the investments in RMB assets will be adversely affected. Furthermore although offshore RMB and onshore RMB are the same currency, they are traded on different and separate markets and as such, their values could differ and their exchange rates may not move in the same direction.
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
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EET FEES AND CHARGES
WHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT? Payable directly by you (on A/AT, I/IT and P/PT classes) • You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class): Subscription Fee Up to 5% Redemption Fee/ Disinvestment Fee
Currently NIL
Conversion Fee Up to 5% Additional fees may be payable to Singapore distributors.
Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes) • The Fund will pay the following fees and charges (actual percentage depends on
the relevant share class): All-in-Fee Up to 1.50% p.a.
The fees and expenses of the investment manager, central administration agent and depositary will be covered by the All-in-Fee payable to the Management Company.
Refer to Section 6 of the Prospectus for further information on fees and charges.
VALUATIONS AND EXITING FROM THIS INVESTMENT HOW OFTEN ARE VALUATIONS AVAILABLE? The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com. HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO? • There is no cancellation period for the Fund. Some Singapore distributors may, at
their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows: o If your redemption request is received by the Singapore Representative before 5
p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day. (Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable.
Refer to Sections 8.8, 11 and 9 of the Prospectus for further information on valuation and exiting from the product.
CONTACT INFORMATION HOW DO YOU CONTACT US? If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
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EET APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open
for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
High-Yield Investments Type 1
: Means an investment in debt securities which at the time of acquisition has a rating of BB+ or below (Standard & Poor’s and Fitch) or of Ba1 or below (Moody’s) or the equivalent by another rating agency or, if unrated, as determined by the Investment Manager to be of comparable quality. In case of a minimum (maximum) investment limit of High-Yield Investment Type 1 securities according to the Fund’s investment restrictions, the lowest (highest) available rating of a debt security at acquisition day is decisive for the assessment of the possible acquisition of such debt security as High-Yield Investment Type 1. Generally, there is no intention to acquire debt securities that are only rated CC, C or D (Standard & Poor’s), C, RD or D (Fitch) or Ca or C (Moody’s) unless otherwise specified.
PRC : Means the People’s Republic of China, excluding the Hong Kong Special Administrative Region, the Macau Special Administrative Region and Taiwan.
RMB : Means the Chinese Renminbi, the official currency of the PRC and, unless the context otherwise requires, the term “RMB” refers to offshore Chinese Renminbi (“CNH”) traded offshore in Hong Kong or markets outside the PRC and not to onshore Chinese Renminbi (“CNY”).
Valuation/ Dealing Day
: Means each day on which banks and exchanges in Luxembourg and the United States are open for business.
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Prepared on: 8/1/18 This Product Highlights Sheet is an important document.
It highlights the key terms and risks of this investment product and complements the Prospectus1.
It is important to read the Prospectus before deciding whether to purchase shares in the product. If you do not have a copy, please contact us to ask for one.
You should not invest in the product if you do not understand it or are not comfortable with the accompanying risks.
If you wish to purchase the product, you will need to make an application in the manner set out in the Prospectus.
ALLIANZ INDIA EQUITY
Product Type Collective Investment Scheme
Launch Date 17 December 2008
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
1.29%
Name of Guarantor Not applicable
PRODUCT SUITABILITY WHO IS THE PRODUCT SUITABLE FOR? The Fund is only suitable for investors who: o pursue the objective of general capital formation/asset optimisation and/or
above-average participation in price changes; o have basic knowledge and/or experience of financial products; and o are capable of bearing a financial loss.
The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short or medium timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further Information Refer to Section 5.1 of the Prospectus for further information on product suitability.
KEY PRODUCT FEATURES WHAT ARE YOU INVESTING IN? You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth by investing in equity markets of the Indian subcontinent, including India, Pakistan, Sri Lanka and Bangladesh.
You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”, you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December. *Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer to Sections 1, 2, 5 and 17.1 of the Prospectus for further information on features of the product.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961 or accessible at sg.allianzgi.com or from any of our appointed distributors.
Allianz India Equity
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Investment Strategy A minimum of 70% of Fund assets are invested in equity markets of the Indian
subcontinent, including India, Pakistan, Sri Lanka and Bangladesh. A maximum of 30% of Fund assets may be invested in equity markets of Pakistan,
Sri Lanka and Bangladesh. The Fund assets may be invested in Emerging Markets. The Fund may invest in financial derivative instruments for efficient
portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
Refer to Section 5 of the Prospectus for further information on the investment strategy of the product.
Parties Involved WHO ARE YOU INVESTING WITH? The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”). The Management Company is Allianz Global Investors GmbH. The Investment Manager is Allianz Global Investors Asia Pacific Limited. The Depositary is State Street Bank Luxembourg S.C.A..
Refer to Sections 1, 3 and 4.4 of the Prospectus for further information on the role and responsibilities of these entities.
KEY RISKS WHAT ARE THE KEY RISKS OF THIS INVESTMENT? The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer to Section 7 of the Prospectus for further information on risks of the product.
Market and Credit Risks You may be exposed to general market risk. o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
You may be exposed to country and region risk in the Indian subcontinent. o The Fund’s investments focus on the Indian subcontinent, which may
increase the concentration risk. Consequently, the Fund is particularly susceptible to the adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event or development in and risks of this region, or of companies based and / or operating in this region.
You may be exposed to currency risk. o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
You may be exposed to emerging markets risk. o The Fund invests in emerging markets which are subject to greater liquidity
risk, currency risk, general market risk, settlement risk and custodial risk. The legal, taxation and regulatory environment and the accounting, auditing and
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reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
Liquidity Risks The Fund is not listed in Singapore and you can redeem only on Dealing
Days. o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus. You may be exposed to liquidity risk. o The Fund may invest in illiquid securities. Even relatively small orders of
illiquid securities can lead to significant price changes. If an asset is illiquid, there is the risk that it cannot be sold or can only be sold at a significant discount to the purchase price.
Your right to redemption may be deferred or suspended under certain circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.
Product-Specific Risks You may be exposed to company-specific risk. o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
You may be exposed to derivatives risk. o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
You may be exposed to the risk relating to distribution out of capital. o If you invest in a share class which provides for distributions out of capital you
should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGES WHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT? Payable directly by you (on A/AT, I/IT and P/PT classes) You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):
Subscription Fee Up to 5% Redemption Fee/ Disinvestment Fee
Currently NIL
Conversion Fee Up to 5% Additional fees may be payable to Singapore distributors.
Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes) The Fund will pay the following fees and charges (actual percentage
depends on the relevant share class): All-in-Fee Up to 2.50% p.a.
The fees and expenses of the investment manager, central administration agent and depositary will be covered by the All-in-Fee payable to the Management Company.
Refer to Section 6 of the Prospectus for further information on fees and charges.
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VALUATIONS AND EXITING FROM THIS INVESTMENT HOW OFTEN ARE VALUATIONS AVAILABLE? The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO? There is no cancellation period for the Fund. Some Singapore distributors may,
at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
Your redemption price is determined as follows: o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day. (Please note that Singapore distributors may impose an earlier deadline to receive orders.)
The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable.
Refer to Sections 8.8, 11 and 9 of the Prospectus for further information on valuation and exiting from the product.
CONTACT INFORMATION HOW DO YOU CONTACT US? If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
APPENDIX: GLOSSARY OF TERMS Business Day : Means each day on which banks and exchanges in Luxembourg are open
for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
Valuation/ Dealing Day
: Means each day on which banks and exchanges in Luxembourg and India are open for business.
Allianz Q7790_AGIF PHS_28Feb18_Inner_280218 v3.indd 202 2/28/2018 12:11:41 PM
PRO
DU
CT H
IGH
LIGH
TS SHEET
203
PRO
DU
CT H
IGH
LIGH
TS SHEET
Prepared on: 8/1/18 This Product Highlights Sheet is an important document.
It highlights the key terms and risks of this investment product and complements the Prospectus1.
It is important to read the Prospectus before deciding whether to purchase shares in the product. If you do not have a copy, please contact us to ask for one.
You should not invest in the product if you do not understand it or are not comfortable with the accompanying risks.
If you wish to purchase the product, you will need to make an application in the manner set out in the Prospectus.
ALLIANZ INDONESIA EQUITY
Product Type Collective Investment Scheme
Launch Date 3 October 2008
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
2.30%
Name of Guarantor Not applicable
PRODUCT SUITABILITY WHO IS THE PRODUCT SUITABLE FOR? The Fund is only suitable for investors who: o pursue the objective of general capital formation/asset optimisation and/or
above-average participation in price changes; o have basic knowledge and/or experience of financial products; and o are capable of bearing a financial loss.
The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short or medium timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further Information Refer to Section 5.1 of the Prospectus for further information on product suitability.
KEY PRODUCT FEATURES WHAT ARE YOU INVESTING IN? You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth by investing in Indonesian equity markets.
You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”, you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December. *Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer to Sections 1, 2, 5 and 17.1 of the Prospectus for further information on features of the product.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961 or accessible at sg.allianzgi.com or from any of our appointed distributors.
Allianz Indonesia Equity
Allianz Q7790_AGIF PHS_28Feb18_Inner_280218 v3.indd 203 2/28/2018 12:11:41 PM
PRO
DU
CT H
IGH
LIGH
TS SHEET
204
PRO
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CT H
IGH
LIGH
TS SHEET
Investment Strategy A minimum of 70% of Fund assets are invested in Indonesian equity markets. Fund assets may be invested in Emerging Markets. The Fund may invest in financial derivative instruments for efficient
portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
Refer to Section 5 of the Prospectus for further information on the investment strategy of the product.
Parties Involved WHO ARE YOU INVESTING WITH? The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”). The Management Company is Allianz Global Investors GmbH. The Investment Manager is Allianz Global Investors Asia Pacific Limited. The Depositary is State Street Bank Luxembourg S.C.A..
Refer to Sections 1, 3 and 4.4 of the Prospectus for further information on the role and responsibilities of these entities.
KEY RISKS WHAT ARE THE KEY RISKS OF THIS INVESTMENT? The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer to Section 7 of the Prospectus for further information on risks of the product.
Market and Credit Risks You may be exposed to general market risk. o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
You may be exposed to country risk in Indonesia. o The Fund’s investments focus on Indonesia, which may increase the
concentration risk. Consequently, the Fund is particularly susceptible to the adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event or development in and risks of this country, or of companies based and / or operating in this country.
You may be exposed to emerging markets risk. o The Fund invests in emerging markets which are subject to greater liquidity
risk, currency risk, general market risk, settlement risk and custodial risk. The legal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
You may be exposed to currency risk. o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
Allianz Q7790_AGIF PHS_28Feb18_Inner_280218 v3.indd 204 2/28/2018 12:11:41 PM
PRO
DU
CT H
IGH
LIGH
TS SHEET
205
PRO
DU
CT H
IGH
LIGH
TS SHEET
Liquidity Risks The Fund is not listed in Singapore and you can redeem only on Dealing
Days. o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus. Your right to redemption may be deferred or suspended under certain
circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.
Product-Specific Risks You may be exposed to company-specific risk. o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
You may be exposed to derivatives risk. o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
You may be exposed to the risk relating to distribution out of capital. o If you invest in a share class which provides for distributions out of capital you
should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGES WHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT? Payable directly by you (on A/AT, I/IT and P/PT classes) You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):
Subscription Fee Up to 5% Redemption Fee/ Disinvestment Fee
Currently NIL
Conversion Fee Up to 5% Additional fees may be payable to Singapore distributors.
Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes) The Fund will pay the following fees and charges (actual percentage
depends on the relevant share class): All-in-Fee Up to 2.25% p.a.
The fees and expenses of the investment manager, central administration agent and depositary will be covered by the All-in-Fee payable to the Management Company.
Refer to Section 6 of the Prospectus for further information on fees and charges.
VALUATIONS AND EXITING FROM THIS INVESTMENT HOW OFTEN ARE VALUATIONS AVAILABLE? The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO? There is no cancellation period for the Fund. Some Singapore distributors may,
at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
Refer to Sections 8.8, 11 and 9 of the Prospectus for further information on valuation and exiting from the
Allianz Q7790_AGIF PHS_28Feb18_Inner_280218 v3.indd 205 2/28/2018 12:11:42 PM
PRO
DU
CT H
IGH
LIGH
TS SHEET
206
PRO
DU
CT H
IGH
LIGH
TS SHEET
You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
Your redemption price is determined as follows: o If your redemption request is received by the Singapore Representative before
5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day. (Please note that Singapore distributors may impose an earlier deadline to receive orders.)
The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable.
product.
CONTACT INFORMATION HOW DO YOU CONTACT US? If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
APPENDIX: GLOSSARY OF TERMS Business Day : Means each day on which banks and exchanges in Luxembourg are open
for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
Valuation/ Dealing Day
: Means each day on which banks and exchanges in Luxembourg and Indonesia are open for business.
Allianz Q7790_AGIF PHS_28Feb18_Inner_280218 v3.indd 206 2/28/2018 12:11:42 PM
PRO
DU
CT H
IGH
LIGH
TS SHEET
207
PRO
DU
CT H
IGH
LIGH
TS SHEET
Prepared on: 8/1/18 This Product Highlights Sheet is an important document.
It highlights the key terms and risks of this investment product and complements the Prospectus1.
It is important to read the Prospectus before deciding whether to purchase shares in the product. If you do not have a copy, please contact us to ask for one.
You should not invest in the product if you do not understand it or are not comfortable with the accompanying risks.
If you wish to purchase the product, you will need to make an application in the manner set out in the Prospectus.
ALLIANZ JAPAN EQUITY
Product Type Collective Investment Scheme
Launch Date 3 October 2008
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
0.96% to 1.85%
Name of Guarantor Not applicable
PRODUCT SUITABILITY WHO IS THE PRODUCT SUITABLE FOR? The Fund is only suitable for investors who: o pursue the objective of general capital formation/asset optimisation and/or
above-average participation in price changes; o have basic knowledge and/or experience of financial products; and o are capable of bearing a financial loss.
The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short or medium timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further Information Refer to Section 5.1 of the Prospectus for further information on product suitability.
KEY PRODUCT FEATURES WHAT ARE YOU INVESTING IN? You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth by investing in Japanese equity markets.
You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) "M"/”Mg”, you may instead receive distributions on 15th of every month or if it contains additional letter(s) "Q"/”Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December. *Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer to Sections 1, 2, 5 and 17.1 of the Prospectus for further information on features of the product.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961 or accessible at sg.allianzgi.com or from any of our appointed distributors.
Allianz Japan Equity
Allianz Q7790_AGIF PHS_28Feb18_Inner_280218 v3.indd 207 2/28/2018 12:11:42 PM
PRO
DU
CT H
IGH
LIGH
TS SHEET
208
PRO
DU
CT H
IGH
LIGH
TS SHEET
Investment Strategy A minimum of 70% of Fund assets are invested in Japanese equity markets. A maximum of 30% of Fund assets may be invested in Emerging Markets. The Fund may invest in financial derivative instruments for efficient
portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
Refer to Section 5 of the Prospectus for further information on the investment strategy of the product.
Parties Involved WHO ARE YOU INVESTING WITH? The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”). The Management Company is Allianz Global Investors GmbH. The Investment Manager is Allianz Global Investors Asia Pacific Limited. The Sub-Investment Manager is Allianz Global Investors Japan Co., Ltd.. The Depositary is State Street Bank Luxembourg S.C.A..
Refer to Sections 1, 3 and 4.4 of the Prospectus for further information on the role and responsibilities of these entities.
KEY RISKS WHAT ARE THE KEY RISKS OF THIS INVESTMENT? The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer to Section 7 of the Prospectus for further information on risks of the product.
Market and Credit Risks You may be exposed to general market risk. o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
You may be exposed to emerging markets risk. o The Fund invests in emerging markets which are subject to greater liquidity
risk, currency risk, general market risk, settlement risk and custodial risk. The legal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
You may be exposed to country risk in Japan. o The Fund’s investments focus on Japan, which may increase the
concentration risk. Consequently, the Fund is particularly susceptible to the adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event or development in and risks of this country, or of companies based and / or operating in this country.
You may be exposed to currency risk. o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
Allianz Q7790_AGIF PHS_28Feb18_Inner_280218 v3.indd 208 2/28/2018 12:11:42 PM
PRO
DU
CT H
IGH
LIGH
TS SHEET
209
PRO
DU
CT H
IGH
LIGH
TS SHEET
Liquidity Risks The Fund is not listed in Singapore and you can redeem only on Dealing
Days. o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus. Your right to redemption may be deferred or suspended under certain
circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.
Product-Specific Risks You may be exposed to company-specific risk. o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
You may be exposed to derivatives risk. o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
You may be exposed to the risk relating to distribution out of capital. o If you invest in a share class which provides for distributions out of capital you
should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGES WHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT? Payable directly by you (on A/AT, I/IT and P/PT classes) You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class): Subscription Fee Up to 5% Redemption Fee/ Disinvestment Fee Currently NIL Conversion Fee Up to 5%
Additional fees may be payable to Singapore distributors. Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes) The Fund will pay the following fees and charges (actual percentage
depends on the relevant share class): All-in-Fee Up to 1.80% p.a.
The fees and expenses of the investment manager, central administration agent and depositary will be covered by the All-in-Fee payable to the Management Company.
Refer to Section 6 of the Prospectus for further information on fees and charges.
VALUATIONS AND EXITING FROM THIS INVESTMENT HOW OFTEN ARE VALUATIONS AVAILABLE? The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO? There is no cancellation period for the Fund. Some Singapore distributors may,
at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
You can exit the Fund by submitting to the Singapore Representative or
Refer to Sections 8.8, 11 and 9 of the Prospectus for further information on valuation and exiting from the product.
Allianz Q7790_AGIF PHS_28Feb18_Inner_280218 v3.indd 209 2/28/2018 12:11:42 PM
PRO
DU
CT H
IGH
LIGH
TS SHEET
210
PRO
DU
CT H
IGH
LIGH
TS SHEET
Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
Your redemption price is determined as follows: o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day. (Please note that Singapore distributors may impose an earlier deadline to receive orders.)
The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable. CONTACT INFORMATION
HOW DO YOU CONTACT US? If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
APPENDIX: GLOSSARY OF TERMS Business Day : Means each day on which banks and exchanges in Luxembourg are open
for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
Valuation/ Dealing Day
: Means each day on which banks and exchanges in Luxembourg, Germany and Japan are open for business.
Allianz Q7790_AGIF PHS_28Feb18_Inner_280218 v3.indd 210 2/28/2018 12:11:43 PM
PRO
DU
CT H
IGH
LIGH
TS SHEET
211
PRO
DU
CT H
IGH
LIGH
TS SHEET
Prepared on: 8/1/18 This Product Highlights Sheet is an important document.
It highlights the key terms and risks of this investment product and complements the Prospectus1.
It is important to read the Prospectus before deciding whether to purchase shares in the product. If you do not have a copy, please contact us to ask for one.
You should not invest in the product if you do not understand it or are not comfortable with the accompanying risks.
If you wish to purchase the product, you will need to make an application in the manner set out in the Prospectus.
ALLIANZ KOREA EQUITY
Product Type Collective Investment Scheme
Launch Date 3 October 2008
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
2.29%
Name of Guarantor Not applicable
PRODUCT SUITABILITY WHO IS THE PRODUCT SUITABLE FOR? The Fund is only suitable for investors who: o pursue the objective of general capital formation/asset optimisation and/or
above-average participation in price changes; o have basic knowledge and/or experience of financial products; and o are capable of bearing a financial loss.
The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short or medium timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further Information Refer to Section 5.1 of the Prospectus for further information on product suitability.
KEY PRODUCT FEATURES WHAT ARE YOU INVESTING IN? You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth by investing in Korean equity markets.
You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) "M"/”Mg”, you may instead receive distributions on 15th of every month or if it contains additional letter(s) "Q"/”Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December. *Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer to Sections 1, 2, 5 and 17.1 of the Prospectus for further information on features of the product.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961 or accessible at sg.allianzgi.com or from any of our appointed distributors.
Allianz Korea Equity
Allianz Q7790_AGIF PHS_28Feb18_Inner_280218 v3.indd 211 2/28/2018 12:11:43 PM
PRO
DU
CT H
IGH
LIGH
TS SHEET
212
PRO
DU
CT H
IGH
LIGH
TS SHEET
Investment Strategy A minimum of 70% of Fund assets are invested in Korean equity markets. A maximum of 30% of Fund assets may be invested in Emerging Markets. The Fund may invest in financial derivative instruments for efficient
portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
Refer to Section 5 of the Prospectus for further information on the investment strategy of the product.
Parties Involved WHO ARE YOU INVESTING WITH? The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”). The Management Company is Allianz Global Investors GmbH. The Investment Manager is Allianz Global Investors Asia Pacific Limited. The Depositary is State Street Bank Luxembourg S.C.A..
Refer to Sections 1, 3 and 4.4 of the Prospectus for further information on the role and responsibilities of these entities.
KEY RISKS WHAT ARE THE KEY RISKS OF THIS INVESTMENT? The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer to Section 7 of the Prospectus for further information on risks of the product.
Market and Credit Risks You may be exposed to general market risk. o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
You may be exposed to emerging markets risk. o The Fund invests in emerging markets which are subject to greater liquidity
risk, currency risk, general market risk, settlement risk and custodial risk. The legal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
You may be exposed to country risk in Korea. o The Fund’s investments focus on Korea, which may increase the
concentration risk. Consequently, the Fund is particularly susceptible to the adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event or development in and risks of this country, or of companies based and / or operating in this country.
You may be exposed to currency risk. o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
Allianz Q7790_AGIF PHS_28Feb18_Inner_280218 v3.indd 212 2/28/2018 12:11:43 PM
PRO
DU
CT H
IGH
LIGH
TS SHEET
213
PRO
DU
CT H
IGH
LIGH
TS SHEET
Liquidity Risks The Fund is not listed in Singapore and you can redeem only on Dealing
Days. o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus. Your right to redemption may be deferred or suspended under certain
circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.
Product-Specific Risks You may be exposed to company-specific risk. o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
You may be exposed to derivatives risk. o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
You may be exposed to the risk relating to distribution out of capital. o If you invest in a share class which provides for distributions out of capital you
should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGES WHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT? Payable directly by you (on A/AT, I/IT and P/PT classes) You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class): Subscription Fee Up to 5% Redemption Fee/ Disinvestment Fee Currently NIL Conversion Fee Up to 5%
Additional fees may be payable to Singapore distributors. Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes) The Fund will pay the following fees and charges (actual percentage
depends on the relevant share class): All-in-Fee Up to 2.25% p.a.
The fees and expenses of the investment manager, central administration agent and depositary will be covered by the All-in-Fee payable to the Management Company.
Refer to Section 6 of the Prospectus for further information on fees and charges.
VALUATIONS AND EXITING FROM THIS INVESTMENT HOW OFTEN ARE VALUATIONS AVAILABLE? The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO? There is no cancellation period for the Fund. Some Singapore distributors may,
at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
You can exit the Fund by submitting to the Singapore Representative or
Refer to Sections 8.8, 11 and 9 of the Prospectus for further information on valuation and exiting from the product.
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Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
Your redemption price is determined as follows: o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day. (Please note that Singapore distributors may impose an earlier deadline to receive orders.)
The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable. CONTACT INFORMATION
HOW DO YOU CONTACT US? If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
APPENDIX: GLOSSARY OF TERMS Business Day : Means each day on which banks and exchanges in Luxembourg are open
for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
Valuation/ Dealing Day
: Means each day on which banks and exchanges in Luxembourg and Korea are open for business.
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Prepared on: 8/1/18 This Product Highlights Sheet is an important document.
It highlights the key terms and risks of this investment product and complements the Prospectus1.
It is important to read the Prospectus before deciding whether to purchase shares in the product. If you do not have a copy, please contact us to ask for one.
You should not invest in the product if you do not understand it or are not comfortable with the accompanying risks.
If you wish to purchase the product, you will need to make an application in the manner set out in the Prospectus.
ALLIANZ LITTLE DRAGONS
Product Type Collective Investment Scheme Launch Date 3 October 2008
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
2.12% to 3.13%
Name of Guarantor Not applicable
PRODUCT SUITABILITY WHO IS THE PRODUCT SUITABLE FOR? The Fund is only suitable for investors who: o pursue the objective of general capital formation/asset optimisation and/or
above-average participation in price changes; o have basic knowledge and/or experience of financial products; and o are capable of bearing a financial loss.
The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short or medium timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further Information Refer to Section 5.1 of the Prospectus for further information on product suitability.
KEY PRODUCT FEATURES WHAT ARE YOU INVESTING IN? You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth by investing in Asian equity markets, excluding Japan, with a focus on small-sized and mid-sized companies.
You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”, you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December. *Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer to Sections 1, 2, 5 and 17.1 of the Prospectus for further information on features of the product.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961or accessible at sg.allianzgi.com or from any of our appointed distributors.
Allianz Little Dragons
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Investment Strategy A minimum of 70% of Fund assets are invested in Asian equity markets,
excluding Japan with a focus on small-sized and mid-sized companies. Small-sized and mid-sized companies means companies whose market
capitalisation is a maximum of 1.3 times the market capitalisation of the largest security in terms of market capitalisation in the MSCI AC Asia ex Japan Mid Cap Index.
Under normal market situations the Investment Manager expects to maintain a weighted average market capitalisation of the portfolio of the Fund between 60% and 250% of the weighted average market capitalisation of the securities in the MSCI AC Asia ex Japan Mid Cap Index. In addition, the weighted average market capitalisation of the portfolio has to be above the market capitalisation of the smallest security and below the market capitalisation of the largest security in the MSCI AC Asia ex Japan Mid Cap Index.
Fund assets may be invested in Emerging Markets. A maximum of 30% of Fund assets may be invested into the China A-Shares
market either directly through Stock Connect or indirectly through eligible instruments.
The Fund may invest in financial derivative instruments for efficient portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
Refer to Section 5 of the Prospectus for further information on the investment strategy of the product.
Parties Involved WHO ARE YOU INVESTING WITH? The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”). The Management Company is Allianz Global Investors GmbH. The Investment Manager is Allianz Global Investors Asia Pacific Limited. The Depositary is State Street Bank Luxembourg S.C.A..
Refer to Sections 1, 3 and 4.4 of the Prospectus for further information on the role and responsibilities of these entities.
KEY RISKS WHAT ARE THE KEY RISKS OF THIS INVESTMENT? The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer to Section 7 of the Prospectus for further information on risks of the product.
Market and Credit Risks You may be exposed to general market risk. o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
You may be exposed to country and region risk in Asia ex Japan. o The Fund’s investments focus on Asia ex Japan, which may increase the
concentration risk. Consequently, the Fund is particularly susceptible to the adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event or development in and risks of this region, or of companies based and / or operating in this region.
You may be exposed to emerging markets risk. o The Fund invests in emerging markets which are subject to greater liquidity
risk, currency risk, general market risk, settlement risk and custodial risk. The legal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
You may be exposed to currency risk. o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not
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been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
Liquidity Risks The Fund is not listed in Singapore and you can redeem only on Dealing
Days. o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus. Your right to redemption may be deferred or suspended under certain
circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.
Product-Specific Risks You may be exposed to company-specific risk. o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
You may be exposed to derivatives risk. o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
You may be exposed to the risk relating to distribution out of capital. o If you invest in a share class which provides for distributions out of capital you
should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
You may be exposed to the risk of small and mid capitalisation companies. o The equities of small and mid capitalisation companies may have lower
liquidity and the prices are more volatile to adverse economic developments than those of larger capitalisation companies in general.
You may be exposed to the risk of investing in China A-Shares. o The Fund assets may be invested in China A-Shares. The securities market
in the PRC, including China A-Shares, may be more volatile and unstable (for example, due to the risk of suspension/limitation in trading of a particular stock or government intervention) than markets in more developed countries and has potential settlement difficulties. This may result in significant fluctuations in the prices of securities traded in such market and thereby affecting the prices of shares of the Fund.
You may be exposed to PRC tax risk. o It is possible that the current tax laws, regulations and practices in the PRC
will change (which may have retrospective effect). Any increased tax liabilities on the Fund may adversely affect the Fund’s value.
o If no or inadequate provision for potential withholding tax is made and in the event that the PRC tax authorities enforce the imposition of such withholding tax, the net asset value of the Fund may be adversely affected. Depending on the timing of their subscriptions and/or redemptions, investors may be disadvantaged as a result of any shortfall of tax provision.
You may be exposed to the risks of using Stock Connect programmes. o The regulations relating to the Stock Connect programmes are untested and
subject to change which may have potential retrospective effect. There is no certainty as to how they will be applied.
o The Fund will also be subject to other risks in connection with its investments in China A-Shares via Stock Connect programmes such as regulatory risks, taxation risk and RMB currency risk in relation to Stock Connect programmes.
The net asset value of the Fund may likely have a high volatility due to the
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investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGES WHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT? Payable directly by you (on A/AT, I/IT and P/PT classes) You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):
Subscription Fee Up to 5% Redemption Fee/ Disinvestment Fee Currently NIL Conversion Fee Up to 5%
Additional fees may be payable to Singapore distributors. Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes) The Fund will pay the following fees and charges (actual percentage
depends on the relevant share class): All-in-Fee Up to 3.25% p.a.
The fees and expenses of the investment manager, central administration agent and depositary will be covered by the All-in-Fee payable to the Management Company.
Refer to Section 6 of the Prospectus for further information on fees and charges.
VALUATIONS AND EXITING FROM THIS INVESTMENT HOW OFTEN ARE VALUATIONS AVAILABLE? The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO? There is no cancellation period for the Fund. Some Singapore distributors may,
at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
Your redemption price is determined as follows: o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day. (Please note that Singapore distributors may impose an earlier deadline to receive orders.)
The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable.
Refer to Sections 8.8, 11 and 9 of the Prospectus for further information on valuation and exiting from the product.
CONTACT INFORMATION HOW DO YOU CONTACT US? If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
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APPENDIX: GLOSSARY OF TERMS Business Day : Means each day on which banks and exchanges in Luxembourg are open
for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
PRC : Means the People’s Republic of China, excluding the Hong Kong Special Administrative Region, the Macau Special Administrative Region and Taiwan.
RMB : Means the Chinese Renminbi, the official currency of the PRC and, unless the context otherwise requires, the term “RMB” refers to offshore Chinese Renminbi (“CNH”) traded offshore in Hong Kong or markets outside the PRC and not to onshore Chinese Renminbi (“CNY”).
Stock Connect : Means the program which aims to achieve mutual stock market access between PRC and Hong Kong.
Valuation/ Dealing Day
: Means a Business Day.
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Prepared on: 8/1/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.
ALLIANZ ORIENTAL INCOMEProduct Type Collective Investment
SchemeLaunch Date 3 October 2008
Management Company Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Daywhich is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
0.96% to 1.85%
Name of Guarantor Not applicable CPFIS inclusion (andclassification)
Yes# - for SGD Classonly (Higher Risk –Narrowly Focused-Regional – Asiacategory)#This Fund is closed to further subscriptions using CPF monies.
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation and/or above-
average participation in price changes;o have basic knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short or medium timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer toSection 5.1 oftheProspectus for furtherinformation onproductsuitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in Luxembourg that
aims to provide long-term capital growth by investing in Asia-Pacific equity and bond markets.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”, you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer toSections 1, 2, 5 and 17.1 of theProspectusfor furtherinformation onfeatures of theproduct.
Investment Strategy• A minimum of 70% of Fund assets are invested in Asia-Pacific equity and bond markets.• A minimum of 40% of Fund assets are invested in Asia-Pacific equity markets. • Fund assets may be invested in Emerging Markets.• A minimum of 50% of Fund assets are invested in equities.• A maximum of 50% of Fund assets may be invested in debt securities.
Refer toSection 5 of theProspectusfor further
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961 or accessible atsg.allianzgi.com or from any of our appointed distributors.
Allianz Oriental Income
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• A maximum of 30% of Fund assets may be invested into the China A-Shares marketeither directly through Stock Connect or indirectly through eligible instruments.
• On a temporary basis for liquidity management and/or defensive purpose and/or any other exceptional circumstances, and if the Investment Manager considers it in the best interest of the Fund, up to 100% of Fund assets may be held in deposits and/or invested directly in money market instruments and (up to 10% of Fund assets) in money market funds.
• The Fund may conduct securities lending transactions, over-the-counter (“OTC”) based repurchase and/or reverse repurchase transactions and similar OTC transactions in aggregate for up to 50% of the Fund’s assets.
• The Fund may invest in financial derivative instruments for efficient portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
information on the investment strategy of the product.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund (the
“Company”).• The Management Company is Allianz Global Investors GmbH.• The Investment Manager is Allianz Global Investors Asia Pacific Limited.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer toSections 1, 3 and 4.4 of theProspectus for further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer toSection 7 of theProspectusfor further information onrisks of the product.
Market and Credit Risks• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the economic and
political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to country risk and region in Asia Pacific.o The Fund’s investments focus on Asia Pacific, which may increase the concentration
risk. Consequently, the Fund is particularly susceptible to the adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event or development in and risks of this region, or of companies based and / or operating in this region.
• You may be exposed to emerging markets risk.o The Fund invests in emerging markets which are subject to greater liquidity risk,
currency risk, general market risk, settlement risk and custodial risk. The legal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
• You may be exposed to creditworthiness risk.o The creditworthiness (ability to pay) of the issuer of an asset held by the Fund may fall.
This usually leads to a decrease in the price of the asset greater than that caused by general market fluctuations.
• You may be exposed to currency risk. o The Fund may hold assets or have a share class denominated in foreign currencies
other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if thereis any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
• You may be exposed to issuer default risk.o The issuer of securities held by the Fund may become insolvent causing its inability to
fulfill his payment obligations in a full and timely manner and causing such issued assets to become economically worthless.
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Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing Days.o There is no secondary market in Singapore for the Fund. All redemption requests may
only be made in the manner described in the Prospectus.• Your right to redemption may be deferred or suspended under certain
circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.Product-Specific Risks
• You may be exposed to the risk of interest rate changes.o If market interest rates rise, the value of the interest-bearing assets held by the Fund
may decline substantially. This applies to an even greater degree if the Fund also holds interest-bearing securities with a longer time to maturity and a lower nominal interest rate.
• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii) the use of
derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital you should
be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• You may be exposed to downgrading risk.o The credit rating of interest bearing securities held by the Fund may be downgraded.
The Fund may or may not be able to dispose of the securities that are being downgraded. This may lead to a fall in the net asset value of the Fund.
• You may be exposed to valuation risk.o Valuation of the Fund assets may involve uncertainties and judgmental
determinations. If such valuation turns out to be incorrect, this may affect the net asset value calculation of the Fund.
• You may be exposed to credit rating risk.o Credit ratings assigned by rating agencies are subject to limitations and do not
guarantee the creditworthiness of the security and/or issuer at all times.• You may be exposed to asset allocation risk.o The performance of the Fund is partially dependent on the success of the asset
allocation strategy employed by the Fund. There is no assurance that the strategy employed by the Fund will be successful and therefore the investment objective of the Fund may not be achieved. The investments of the Fund may be periodically rebalanced and therefore the Fund may incur greater transaction costs than a fund with static allocation strategy.
• You may be exposed to PRC tax risk. o It is possible that the current tax laws, regulations and practices in the PRC will
change (which may have retrospective effect). Any increased tax liabilities on the Fund may adversely affect the Fund’s value.
o If no or inadequate provision for potential withholding tax is made and in the event that the PRC tax authorities enforce the imposition of such withholding tax, the net asset value of the Fund may be adversely affected. Depending on the timing of their subscriptions and/or redemptions, investors may be disadvantaged as a result of anyshortfall of tax provision.
• You may be exposed to the risk of investing in high-yield investments.o Investing in high-yield investments is normally associated with increased
creditworthiness risk, risk of interest rate changes, general market risk, company-specific risk and liquidity risk.
• You may be exposed to the risk of investing in China A-Shares.o The Fund assets may be invested in China A-Shares. The securities market in the
PRC, including China A-Shares, may be more volatile and unstable (for example, due to the risk of suspension/limitation in trading of a particular stock or government intervention) than markets in more developed countries and has potential settlement difficulties. This may result in significant fluctuations in the prices of securities traded in such market and thereby affecting the prices of shares of the Fund.
• You may be exposed to the risks of using Stock Connect programmes.o The regulations relating to the Stock Connect programmes are untested and subject to
change which may have potential retrospective effect. There is no certainty as to how
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they will be applied.o The Fund will also be subject to other risks in connection with its investments in China
A-Shares via Stock Connect programmes such as regulatory risks, taxation risk and RMB currency risk in relation to Stock Connect programmes.
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net asset
value of the share class (actual percentage depends on the relevant share class):Subscription Fee Up to 5%Redemption Fee/ Disinvestment Fee Currently NILConversion Fee Up to 5%
Additional fees may be payable to Singapore distributors.Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage depends on the
relevant share class):All-in-Fee Up to 1.80% p.a.
The fees and expenses of the investment manager, central administration agent and depositary will be covered by the All-in-Fee payable to the Management Company.
Refer toSection 6 of theProspectus for further information onfees andcharges.
VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors may, at their
own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative before 5 p.m.
(Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied bythe number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable.
Refer to Sections 8.8,11 and 9 of the Prospectus for further information on valuation and exiting from the product.
CONTACT INFORMATIONHOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
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APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
PRC : Means the People’s Republic of China, excluding the Hong Kong Special Administrative Region, the Macau Special Administrative Region and Taiwan.
RMB : Means the Chinese Renminbi, the official currency of the PRC and, unless the context otherwise requires, the term “RMB” refers to offshore Chinese Renminbi (“CNH”) traded offshore in Hong Kong or markets outside the PRC and not to onshore Chinese Renminbi (“CNY”).
Stock Connect : Means the program which aims to achieve mutual stock market access between PRC and Hong Kong.
Valuation/Dealing Day
: Means a Business Day.
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Allianz Renminbi Fixed Income
Prepared on: 28/2/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.ALLIANZ RENMINBI FIXED INCOME
Product Type Collective Investment Scheme Launch Date 10 June 2011
Management Company
Allianz Global Investors GmbH Depositary State Street Bank
Luxembourg S.C.A.
Trustee Not applicable Dealing FrequencyEvery Dealing Day which is a Singapore business day
Capital Guaranteed NoExpense Ratio for Financial Year ended 30 September 2017
0.45% to 1.04%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o priortise safety and/or pursue the objective of general capital formation/asset
optimisation;o have advanced knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer to Section5.1 of theProspectus for furtherinformation onproductsuitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in
Luxembourg that aims to provide long-term capital growth by investing in bond markets of the PRC, denominated in CNY.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”,you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer toSections 1, 2, 5 and 17.1 of theProspectus for furtherinformation onfeatures of theproduct.
Investment Strategy• Fund assets are invested in debt securities, money market instruments and/or
may be held in deposits.• Fund assets may be invested in Emerging Markets.• A minimum of 70% of Fund assets are invested in bond markets of the PRC.• (Until 28 March 2018) A maximum of 100% of Fund assets may be invested
either directly (RQFII and/or CIBM) or indirectly in the PRC bond markets.• (As of 29 March 2018) A maximum of 100% of Fund assets may be invested in
the PRC bond markets.• A maximum of 30% of Fund assets may be invested in High-Yield Investments
Type 1.
Refer to Section 5 of theProspectus for further information on the investment strategy of the product.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961or accessible at sg.allianzgi.com or from any of our appointed distributors.
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• On a temporary basis for liquidity management and/or defensive purpose and/or any other exceptional circumstances, and if the Investment Manager considers it in the best interest of the Fund, up to 100% of Fund assets may be held in deposits and/or invested directly in money market instruments and (up to 10% of Fund assets) in money market funds.
• The Fund may conduct securities lending transactions, over-the-counter (“OTC”) based repurchase and/or reverse repurchase transactions and similar OTC transactions in aggregate for up to 50% of the Fund’s assets.
• The Fund may use financial derivative instruments for efficient portfolio management, hedging and investment purposes.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”).• The Management Company is Allianz Global Investors GmbH.• The Investment Manager is Allianz Global Investors Asia Pacific Limited.• The Investment Advisor is Allianz Global Investors Singapore Limited.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer to Sections1, 3 and 4.4 of the Prospectusfor further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer to Section 7of the Prospectusfor further information onrisks of the product.
Market and Credit Risks• You may be exposed to currency risk.o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
• You may be exposed to creditworthiness risk.o The creditworthiness (ability to pay) of the issuer of an asset held by the
Fund may fall. This usually leads to a decrease in the price of the asset greater than that caused by general market fluctuations.
• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to country risk in the PRC.o The Fund’s investments focus on the PRC, which may increase the
concentration risk. Consequently, the Fund is particularly susceptible to the adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event or development in and risks of this country, or of companies based and / or operating in this country.
• You may be exposed to counterparty risk.o To the extent that transactions for the Fund are not handled through a stock
exchange or a regulated market (e.g. over the counter trades), there is a risk that a counterparty may default or not completely fulfil its obligations in addition to the general risk of settlement default. This is particularly true of over the counter financial derivative instruments and other transactions based on techniques and instruments.
• You may be exposed to sovereign debt risk.o The Fund’s investment in interest-bearing securities issued or guaranteed by
governments may be exposed to political, social and economic risks. The sovereign issues may not be able or willing to repay the principal and/or interest or may request the Fund to participate in rescheduling such debts. The Fund may suffer significant losses when there is a default of sovereign debt issuers.
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Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus.• You may be exposed to liquidity risk.o The Fund may invest in illiquid securities. Even relatively small orders of
illiquid securities can lead to significant price changes. If an asset is illiquid, there is the risk that it cannot be sold or can only be sold at a significant discount to the purchase price.
• Your right to redemption may be deferred or suspended under certain circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.
Product-Specific Risks• You may be exposed to the risk of interest rate changes.o If market interest rates rise, the value of the interest-bearing assets held by
the Fund may decline substantially. This applies to an even greater degree if the Fund also holds interest-bearing securities with a longer time to maturity and a lower nominal interest rate.
• You may be exposed to company-specific risk.o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii)
the use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital
you should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• You may be exposed to the risks associated with the CIBM.o Market volatility and potential lack of liquidity due to low trading volume of
certain debt securities in the CIBM may result in prices of certain debt securities traded on such market fluctuating significantly. The Fund may also be exposed to risks associated with settlement procedures and default of counterparties, risks of default or errors on the part of the onshore settlement agent and regulatory risks in connection to its transactions in the CIBM.
• You may be exposed to credit rating agency risk in the PRC.o The credit appraisal system in the PRC and the rating methodologies
employed in the PRC may be different from those employed in other markets. Credit ratings given by PRC rating agencies may therefore not be directly comparable with those given by other international rating agencies.
• You may be exposed to the risk of investing in high-yield investments.o Investing in high-yield investments is normally associated with increased
creditworthiness risk, risk of interest rate changes, general market risk, company-specific risk and liquidity risk.
• You may be exposed to PRC tax risk.o It is possible that the current tax laws, regulations and practices in the PRC
will change (which may have retrospective effect). Any increased tax liabilities on the Fund may adversely affect the Fund’s value.
o If no or inadequate provision for potential withholding tax is made and in the event that the PRC tax authorities enforce the imposition of such withholding tax, the net asset value of the Fund may be adversely affected. Depending on the timing of their subscriptions and/or redemptions, investors may be disadvantaged as a result of any shortfall of tax provision.
• You may be exposed to specific risk of investing in RMB debt securities issued outside the PRC.o The availability of such securities is currently limited and therefore is more
susceptible to volatility and illiquidity. The operation of such market as well as new issuances could be disrupted causing a fall in the net asset value of the Fund should there be any promulgation of new rules which limit or restrict the ability of issuers to raise RMB by way of bond issuances and/or
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reversal or suspension of the liberalisation of the offshore RMB (CNH) market by the relevant regulators.
• You may be exposed to RMB currency risk.o The Fund may invest in assets denominated in offshore and/or onshore RMB.
The RMB traded in the PRC is not freely convertible and is subject to exchange control policies and restrictions imposed by the PRC authorities.Restrictions on repatriation of RMB out of the PRC may limit the depth of the RMB market available outside of the PRC, and thereby may reduce the liquidity of the Fund. The RMB may be subject to devaluation, in which case the value of the investments in RMB assets will be adversely affected.Furthermore although offshore RMB and onshore RMB are the same currency, they are traded on different and separate markets and as such, their values could differ and their exchange rates may not move in the same direction.
• You may be exposed to RQFII regime risk.o Investments via the RQFII scheme are subject to risks such as regulatory
risks, quota risks, limits on redemption, PRC depositary risks and PRC broker risks.
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):Subscription Fee Up to 3% Redemption Fee/ Disinvestment Fee Currently NIL Conversion Fee Up to 3% Additional fees may be payable to Singapore distributors.
Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage
depends on the relevant share class):All-in-Fee Up to 0.99% p.a.
The fees and expenses of the investment manager, central administration agent and depositary will be covered by the All-in-Fee payable to the Management Company.
Refer to Section 6of the Prospectusfor further information onfees and charges.
VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 BusinessDays after the relevant Valuation Day at sg.allianzgi.com.HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors
may, at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
Refer to Sections8.8, 11 and 9 of the Prospectusfor further information on valuation and exiting from the product.
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1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable. CONTACT INFORMATION
HOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
CIBM : Means China interbank bond market, the over-the-counter market for bonds issued and traded in the PRC.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
High-Yield Investments Type 1
: Means an investment in debt securities which at the time of acquisition has a rating of BB+ or below (Standard & Poor’s and Fitch) or of Ba1 or below (Moody’s) or the equivalent by another rating agency or, if unrated, as determined by the Investment Manager to be of comparable quality. In case of a minimum (maximum) investment limit of High-Yield Investment Type 1 securities according to the Fund’s investment restrictions, the lowest (highest) available rating of a debt security at acquisition day is decisive for the assessment of the possible acquisition of such debt security as High-Yield Investment Type 1. Generally, there is no intention to acquire debt securities that are only rated CC, C or D (Standard & Poor’s), C, RD or D (Fitch) or Ca or C (Moody’s) unless otherwise specified.
PRC : Means the People’s Republic of China, excluding the Hong Kong Special Administrative Region, the Macau Special Administrative Region and Taiwan.
PRC bond markets
: (as of 29 March 2018) Means debt securities of the PRC which are traded and/or admitted on the CIBM either directly or indirectly through the CIBM Initiative or via Bond Connect or via a Foreign Access Regime (eg. “RQFII regulations”), and/or via other means as may be permitted by the relevant regulations from time to time.
RMB : Means the Chinese Renminbi, the official currency of the PRC and, unless the context otherwise requires, the term “RMB” refers to offshore Chinese Renminbi (“CNH”) traded offshore in Hong Kong or markets outside the PRC and not to onshore Chinese Renminbi (“CNY”).
RQFII : Means a Renminbi qualified foreign institutional investor under the RQFII regulations.
Valuation/ Dealing Day
: Means each day on which banks and exchanges in Luxembourg, Hong Kong and the PRC are open for business.
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Allianz Selective Global High Yield
Prepared on: 28/2/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.
ALLIANZ SELECTIVE GLOBAL HIGH YIELD
Product Type Collective Investment Scheme Launch Date 31 October 2016
Management Company
Allianz Global Investors GmbH Depositary State Street Bank
Luxembourg S.C.A.
Trustee Not applicable Dealing FrequencyEvery Dealing Day which is a Singapore business day
Capital Guaranteed NoExpense Ratio for Financial Year ended 30 September 2017
0.582% to 1.402%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation;o have basic knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer to Section5.1 of theProspectus for furtherinformation onproductsuitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth and income by investing in global bond markets. The Fund tries to offer close to high yield returns with an expected volatility between investment grade and high yield.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”,you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer toSections 1, 2, 5 and 17.1 of theProspectus for furtherinformation onfeatures of theproduct.
Investment Strategy• Fund assets are primarily invested global bond markets.• Fund assets may be invested in Emerging Markets.• A minimum of 70% of Fund assets are invested in debt securities with a rating
Refer to Section 5 of theProspectus for
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961 oraccessible at sg.allianzgi.com or from any of our appointed distributors. 2 Annualised figure.
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of BB- or higher (Standard & Poor’s).• (until 28 March 2018) A maximum of 30% of Fund assets may be invested in
debt securities with a rating of B+ or lower (Standard & Poor’s), however debt securities with a rating of CCC+ or lower (including defaulted securities)(Standard & Poor’s) may not be acquired. The lowest available rating at acquisition day is decisive for the assessment of the possible acquisition of a debt security.
• (as of March 2018) A maximum of 30% of Fund assets may be invested in debt securities with a rating of B+ or lower (Standard & Poor’s), however, debt securities with a rating of CCC+ (Standard & Poor’s) or lower (including defaulted securities) may not be acquired. The highest available rating at acquisition day is decisive for the assessment of the possible acquisition of a debt security
• On a temporary basis for liquidity management and/or defensive purpose and/or any other exceptional circumstances, and if the Investment Manager considers it in the best interest of the Fund, up to 100% of Fund assets may be held in deposits and/or invested directly in money market instruments and (up to 10% of Fund assets) in money market funds.
• The Fund may conduct securities lending transactions, over-the-counter (“OTC”) based repurchase and/or reverse repurchase transactions and similar OTC transactions in aggregate for up to 50% of the Fund’s assets.
• The Fund may invest in financial derivative instruments for efficient portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
further information on the investment strategy of the product.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”).• The Management Company is Allianz Global Investors GmbH.• The investment management is performed by the Management Company
through its UK branch.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer to Sections1, 3 and 4.4 of the Prospectusfor further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer to Section 7 of theProspectus for further information onrisks of the product.
Market and Credit Risks• You may be exposed to creditworthiness risk.o The creditworthiness (ability to pay) of the issuer of an asset held by the
Fund may fall. This usually leads to a decrease in the price of the asset greater than that caused by general market fluctuations.
• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to counterparty risk.o To the extent that transactions for the Fund are not handled through a stock
exchange or a regulated market (e.g. over the counter trades), there is a risk that a counterparty may default or not completely fulfil its obligations in addition to the general risk of settlement default. This is particularly true of over the counter financial derivative instruments and other transactions based on techniques and instruments.
• You may be exposed to currency risk.
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o The Fund may hold assets or have a share class denominated in foreign currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus.• You may be exposed to liquidity risk.o The Fund may invest in illiquid securities. Even relatively small orders of
illiquid securities can lead to significant price changes. If an asset is illiquid, there is the risk that it cannot be sold or can only be sold at a significant discount to the purchase price.
• Your right to redemption may be deferred or suspended under certaincircumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.
Product-Specific Risks• You may be exposed to the risk of interest rate changes.o If market interest rates rise, the value of the interest-bearing assets held by
the Fund may decline substantially. This applies to an even greater degree if the Fund also holds interest-bearing securities with a longer time to maturity and a lower nominal interest rate.
• You may be exposed to company-specific risk.o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii)
the use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital
you should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• You may be exposed to the risk of investing in high-yield investments.o Investing in high-yield investments is normally associated with increased
creditworthiness risk, risk of interest rate changes, general market risk, company-specific risk and liquidity risk.
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):
Subscription Fee Up to 3%Redemption Fee/ Disinvestment Fee Currently NIL Conversion Fee Up to 3%
Additional fees may be payable to Singapore distributors.
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Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage
depends on the relevant share class):All-in-Fee Up to 1.45% p.a.
The fees and expenses of the investment manager, central administration agentand depositary will be covered by the All-in-Fee payable to the Management Company.
VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors may,
at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable.
Refer to Sections 8.8, 11and 9 of the Prospectus for further information on valuation and exiting from the product.
CONTACT INFORMATIONHOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
Valuation/Dealing Day
: Means each day on which banks and exchanges in Luxembourg and the United Kingdom are open for business.
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Prepared on: 8/1/18
This Product Highlights Sheet is an important document. It highlights the key terms and risks of this investment product and complements the
Prospectus1. It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one. You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks. If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.
ALLIANZ SHORT DURATION GLOBAL REAL ESTATE BOND Product Type Collective
Investment Scheme Launch Date 4 November 2016
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
0.462% to 1.062%
Name of Guarantor Not applicable
PRODUCT SUITABILITY WHO IS THE PRODUCT SUITABLE FOR? The Fund is only suitable for investors who: o pursue the objective of general capital formation/asset optimisation; o have basic knowledge and/or experience of financial products; and o are capable of bearing a financial loss.
The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further Information Refer to Section 5.1 of the Prospectus for further information on product suitability.
KEY PRODUCT FEATURES WHAT ARE YOU INVESTING IN? You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth in global bond markets on a risk-adjusted basis, with a focus on global mortgage-backed securities.
You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”, you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December. *Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer to Sections 1, 2, 5 and 17.1 of the Prospectus for further information on features of the product.
Investment Strategy Fund assets are primarily invested in global bond markets, with a focus on
global mortgage-backed securities. Fund assets may be invested in Emerging Markets. A minimum of 90% of Fund assets are invested in debt securities with
Investment Grade. A minimum of 50% of Fund assets are invested in commercial mortgage-
backed securities. On a temporary basis for liquidity management and/or defensive purpose
and/or any other exceptional circumstances, and if the Investment Manager
Refer to Section 5 of the Prospectus for further information on the investment strategy of the product.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961 or accessible at sg.allianzgi.com or from any of our appointed distributors. 2 Annualised figure.
Allianz Short Duration Global Real Estate Bond
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considers it in the best interest of the Fund, up to 100% of Fund assets may be held in deposits and/or invested directly in money market instruments and (up to 10% of Fund assets) in money market funds.
The Fund may conduct securities lending transactions, over-the-counter (“OTC”) based repurchase and/or reverse repurchase transactions and similar OTC transactions in aggregate for up to 50% of the Fund’s assets.
The Fund may invest in financial derivative instruments for efficient portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
Parties Involved
WHO ARE YOU INVESTING WITH? The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”). The Management Company is Allianz Global Investors GmbH. The investment management is performed by the Management Company
through its UK branch. The Depositary is State Street Bank Luxembourg S.C.A..
Refer to Sections 1, 3 and 4.4 of the Prospectus for further information on the role and responsibilities of these entities.
KEY RISKS WHAT ARE THE KEY RISKS OF THIS INVESTMENT? The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer to Section 7 of the Prospectus for further information on risks of the product.
Market and Credit Risks You may be exposed to creditworthiness risk. o The creditworthiness (ability to pay) of the issuer of an asset held by the
Fund may fall. This usually leads to a decrease in the price of the asset greater than that caused by general market fluctuations.
You may be exposed to general market risk. o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
You may be exposed to counterparty risk. o To the extent that transactions for the Fund are not handled through a stock
exchange or a regulated market (e.g. over the counter trades), there is a risk that a counterparty may default or not completely fulfil its obligations in addition to the general risk of settlement default. This is particularly true of over the counter financial derivative instruments and other transactions based on techniques and instruments.
You may be exposed to currency risk. o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
Liquidity Risks The Fund is not listed in Singapore and you can redeem only on Dealing
Days. o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus. You may be exposed to liquidity risk. o The Fund may invest in illiquid securities. Even relatively small orders of
illiquid securities can lead to significant price changes. If an asset is illiquid, there is the risk that it cannot be sold or can only be sold at a significant discount to the purchase price.
Your right to redemption may be deferred or suspended under certain circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.
Product-Specific Risks
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You may be exposed to defaulted securities risk. o The Fund may acquire securities issued from a defaulted issuer (“defaulted
securities”). Defaulted securities contain the enacted risks of an issuer default. The acquisition of defaulted securities by the Fund represents the great risk to lose the complete investment.
You may be exposed to the risk of investing in high-yield investments. o Investing in high-yield investments is normally associated with increased
creditworthiness risk, risk of interest rate changes, general market risk, company-specific risk and liquidity risk.
You may be exposed to the risk of interest rate changes. o If market interest rates rise, the value of the interest-bearing assets held by
the Fund may decline substantially. This applies to an even greater degree if the Fund also holds interest-bearing securities with a longer time to maturity and a lower nominal interest rate.
You may be exposed to company-specific risk. o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
You may be exposed to derivatives risk. o (i) The derivatives may be misvalued or may have varying valuations; (ii)
the use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
You may be exposed to Mortgage-Backed Securities (“MBS”) and Asset-Backed Securities (“ABS”) risk. o ABS and MBS may be highly illiquid and prone to substantial price volatility.
These instruments may therefore be subject to greater credit, liquidity and interest-rate risks compared to other debt securities.
You may be exposed to the risk relating to distribution out of capital. o If you invest in a share class which provides for distributions out of capital
you should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGES WHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT? Payable directly by you (on A/AT, I/IT and P/PT classes) You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class): Subscription Fee Up to 3% Redemption Fee/ Disinvestment Fee
Currently NIL
Conversion Fee Up to 3% Additional fees may be payable to Singapore distributors.
Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes) The Fund will pay the following fees and charges (actual percentage
depends on the relevant share class): All-in-Fee Up to 1.30% p.a.
The fees and expenses of the investment manager, central administration agent and depositary will be covered by the All-in-Fee payable to the Management Company.
VALUATIONS AND EXITING FROM THIS INVESTMENT HOW OFTEN ARE VALUATIONS AVAILABLE? The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com. HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO? There is no cancellation period for the Fund. Some Singapore distributors
may, at their own discretion and in their own capacity, offer a cancellation
Refer to Sections 8.9, 11 and 9 of the Prospectus for further information on valuation and exiting from the
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period for subscription of shares and you may wish to check with your Singapore distributor.
You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
Your redemption price is determined as follows: o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) 5 Dealing Days in advance of a specific Dealing Day (provided that the Dealing Day that is 5 Dealing Days in advance of the specific Dealing Day is also a Singapore business day), you will be paid the redemption price for that specific Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day. (Please note that Singapore distributors may impose an earlier deadline to receive orders.)
The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable.
product.
CONTACT INFORMATION HOW DO YOU CONTACT US? If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
APPENDIX: GLOSSARY OF TERMS Business Day : Means each day on which banks and exchanges in Luxembourg are open
for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
Investment Grade
: Means an investment in debt securities which at the time of acquisition has a rating of at least BBB- (Standard & Poor’s and Fitch) or of at least Baa3 (Moody’s) or the equivalent by another rating agency or, if unrated, as determined by the Investment Manager to be of comparable quality. Please refer to this definition in the Luxembourg Prospectus for further information.
Valuation/ Dealing Day
: Each day on which banks and exchanges in Luxembourg / the United Kingdom are open for business.
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Prepared on: 8/1/18 This Product Highlights Sheet is an important document.
It highlights the key terms and risks of this investment product and complements the Prospectus1.
It is important to read the Prospectus before deciding whether to purchase shares in the product. If you do not have a copy, please contact us to ask for one.
You should not invest in the product if you do not understand it or are not comfortable with the accompanying risks.
If you wish to purchase the product, you will need to make an application in the manner set out in the Prospectus.
ALLIANZ TARGET MATURITY BOND - ASIA
Product Type Collective Investment Scheme
Launch Date Not yet launched
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day up to, but not including, the Maturity Date2
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
Not available
Name of Guarantor Not applicable
PRODUCT SUITABILITY WHO IS THE PRODUCT SUITABLE FOR? The Fund is only suitable for investors who: o pursue the objective of general capital formation/asset optimisation; o have advanced knowledge and/or experience of financial products; and o are capable of bearing a financial loss.
The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short timeframe. o
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further Information Refer to Section 5.1 of the Prospectus for further information on product suitability.
KEY PRODUCT FEATURES WHAT ARE YOU INVESTING IN? You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide a market-oriented return by investing in corporate and government debt securities of Asian bond markets.
Liquidation date: Planned for four years from the Fund’s launch date. Distribution date: Starting on the next Dealing Date following the Maturity
Date. You may receive distributions if you are invested in a distributing share
class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”, you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q’/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December. *Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer to Sections 1, 2, 5 and 17.1 of the Prospectus for further information on features of the product.
Investment Strategy The portfolio structure is built over time and regarded as final when those assets
which the Investment Manager believes are necessary to achieve the Fund's investment objective have been acquired (the “Starting Allocation”). The Fund is permitted to exceed certain investment restrictions after the Starting Allocation
Refer to Section 5 of the Prospectus for further information on the
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961 or accessible at sg.allianzgi.com or from any of our appointed distributors. 2 The Management Company has the right – but is not obliged – to close the Fund or selected share classes for subscriptions after the Fund’s launch date. This closure for subscriptions might not necessarily rely on market conditions and can be decided on a discretionary basis by the Management Company. The Company may, for purposes of orderly settlement and equal treatment of the investors, suspend the redemption of shares two months prior to Maturity Date (provided if it is not a Dealing Day, the next Dealing Day).
Allianz Target Maturity Bond - Asia
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has been established if such breach occurs through changes in the value of the assets held in the Fund or if after acquisition an asset loses its rating or is being downgraded.
A minimum of 70% of Fund assets are invested in corporate and government debt securities of Asian bond markets.
Fund assets may be invested in Emerging Markets. A maximum of 40% of Fund asset may be invested in High-Yield Investments
Type 1 until the Starting Allocation has been established. On a temporary basis for liquidity management and/or defensive purpose and/or
any other exceptional circumstances, and if the Investment Manager considers it in the best interest of the Fund, up to 100% of Fund assets may be held in deposits and/or invested directly in money market instruments and (up to 10% of Fund assets) in money market funds.
The Fund may conduct securities lending transactions, over-the-counter (“OTC”) based repurchase and/or reverse repurchase transactions and similar OTC transactions in aggregate for up to 50% of the Fund’s assets.
The Fund may use financial derivative instruments for efficient portfolio management, hedging and investment purposes.
investment strategy of the product.
Parties Involved WHO ARE YOU INVESTING WITH? The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”). The Management Company is Allianz Global Investors GmbH. The Investment Manager is Allianz Global Investors Singapore Limited. The Depositary is State Street Bank Luxembourg S.C.A..
Refer to Sections 1, 3 and 4.4 of the Prospectus for further information on the role and responsibilities of these entities.
KEY RISKS WHAT ARE THE KEY RISKS OF THIS INVESTMENT? The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer to Section 7 of the Prospectus for further information on risks of the product.
Market and Credit Risks You may be exposed to creditworthiness risk. o The creditworthiness (ability to pay) of the issuer of an asset held by the Fund
may fall. This usually leads to a decrease in the price of the asset greater than that caused by general market fluctuations.
You may be exposed to general market risk. o The Fund is exposed to various general trends and tendencies in the economic
and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
You may be exposed to currency risk. o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
You may be exposed to emerging markets risk. o The Fund invests in emerging markets which are subject to greater liquidity
risk, currency risk, general market risk, settlement risk and custodial risk. The legal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
Liquidity Risks The Fund is not listed in Singapore and you can redeem only on Dealing
Days. o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus. You may be exposed to liquidity risk. o The Fund may invest in illiquid securities. Even relatively small orders of illiquid
securities can lead to significant price changes. If an asset is illiquid, there is the risk that it cannot be sold or can only be sold at a significant discount to the purchase price.
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Your right to redemption may be deferred or suspended under certain circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.
Product-Specific Risks You may be exposed to the risk of interest rate changes. o If market interest rates rise, the value of the interest-bearing assets held by the
Fund may decline substantially. This applies to an even greater degree if the Fund also holds interest-bearing securities with a longer time to maturity and a lower nominal interest rate.
You may be exposed to company-specific risk. o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
You may be exposed to derivatives risk. o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
You may be exposed to the risk relating to distribution out of capital. o If you invest in a share class which provides for distributions out of capital you
should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
You may be exposed to risk of hedge funds. o The Fund may invest in hedge fund indices or other hedge fund-related
investments (i.e. funds that normally pursue purely speculative investment objectives). There are financial risks of investing in such investments and the associated risk of the Fund losing some or all of the invested capital.
The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGES WHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT? Payable directly by you (on A/AT, I/IT and P/PT classes) You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class): Subscription Fee Up to 2% Redemption Fee Currently NIL Disinvestment Fee Up to 2% Conversion Fee Up to 2%
Additional fees may be payable to Singapore distributors. Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes) The Fund will pay the following fees and charges (actual percentage depends
on the relevant share class): All-in-Fee Up to 0.75% p.a.
The fees and expenses of the investment manager, central administration agent and depositary will be covered by the All-in-Fee payable to the Management Company.
Refer to Section 6 of the Prospectus for further information on fees and charges.
VALUATIONS AND EXITING FROM THIS INVESTMENT HOW OFTEN ARE VALUATIONS AVAILABLE? The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com. HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO? There is no cancellation period for the Fund. Some Singapore distributors may,
at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts. The Company may, for purposes of orderly settlement and equal treatment of the investors,
Refer to Sections 8.8, 11 and 9 of the Prospectus for further information on valuation and exiting from the product.
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suspend the redemption of shares two months prior to Maturity Date (provided if it is not a Dealing Day, the next Dealing Day).
Your redemption price is determined as follows: o If your redemption request is received by the Singapore Representative before
5 p.m. (Singapore time) on any Dealing Day (provided it is a Singapore business day), your redemption request will be settled at the redemption price of the second Dealing Day following the Dealing Day (which is based on the net asset value per share of the Fund).
o If not, your redemption request will be settled at the redemption price of the third Dealing Day following the Dealing Day.
(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
$1.10 Redemption
Price
- $0.022 Disinvestment fee
(2% of $1.10)
= S$1.078 Redemption Price
(inclusive of disinvestment fee)*
1,000 Shares x $1.078 = $1,078.00
Redemption request
Redemption Price (inclusive of
disinvestment fee)*
Net Redemption
Proceeds *There is currently no redemption fee. However, a disinvestment fee of up to 2% will be payable if you disinvest or redeem out of the Fund prior to the Maturity Date. The redemption price here includes the 2% disinvestment fee. For the avoidance of doubt, the disinvestment fee does not apply to liquidation proceeds upon final maturity of the Fund.
On the final maturity of the Fund, the Company will publish the liquidation proceeds per share at which you will exit the Fund.
You should normally receive the sale proceeds or liquidation proceeds within 6 Valuation Days after the calculation of the relevant redemption price or Maturity Date, as the case may be (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
CONTACT INFORMATION HOW DO YOU CONTACT US? If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
APPENDIX: GLOSSARY OF TERMS
Business Day
:
Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
High-Yield Investments Type 1
: Means an investment in debt securities which at the time of acquisition has a rating of BB+ or below (Standard & Poor’s and Fitch) or of Ba1 or below (Moody’s) or the equivalent by another rating agency or, if unrated, as determined by the Investment Manager to be of comparable quality. In case of a minimum (maximum) investment limit of High-Yield Investment Type 1 securities according to the Fund’s investment restrictions, the lowest (highest) available rating of a debt security at acquisition day is decisive for the assessment of the possible acquisition of such debt security as High-Yield Investment Type 1. Generally, there is no intention to acquire debt securities that are only rated CC, C or D (Standard & Poor’s), C, RD or D (Fitch) or Ca or C (Moody’s) unless otherwise specified.
Maturity Date : The maturity date of the Fund is determined by the launch date of the Fund. The term of the Fund is limited to the Maturity Date with liquidation planned for four years from launch date of the Fund, provided if it is not a Dealing Day, the next Dealing Day.
Valuation/ Dealing Day
: Means each day on which banks and exchanges in Luxembourg and Singapore are open for business.
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Prepared on: 8/1/18 This Product Highlights Sheet is an important document.
It highlights the key terms and risks of this investment product and complements the Prospectus1.
It is important to read the Prospectus before deciding whether to purchase shares in the product. If you do not have a copy, please contact us to ask for one.
You should not invest in the product if you do not understand it or are not comfortable with the accompanying risks.
If you wish to purchase the product, you will need to make an application in the manner set out in the Prospectus.
ALLIANZ THAILAND EQUITY
Product Type Collective Investment Scheme
Launch Date 3 October 2008
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
1.29% to 2.30%
Name of Guarantor Not applicable
PRODUCT SUITABILITY WHO IS THE PRODUCT SUITABLE FOR? The Fund is only suitable for investors who: o pursue the objective of general capital formation/asset optimisation and/or
above-average participation in price changes; o have basic knowledge and/or experience of financial products; and o are capable of bearing a financial loss.
The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short or medium timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further Information Refer to Section 5.1 of the Prospectus for further information on product suitability.
KEY PRODUCT FEATURES WHAT ARE YOU INVESTING IN? You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth by investing in equity markets of Thailand.
You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”, you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December. *Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer to Sections 1, 2, 5 and 17.1 of the Prospectus for further information on features of the product.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961 or accessible at sg.allianzgi.com or from any of our appointed distributors.
Allianz Thailand Equity
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Investment Strategy A minimum of 70% of Fund assets are invested in equity markets of Thailand. Fund assets may be invested in Emerging Markets. The Fund may invest in financial derivative instruments for efficient
portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
Refer to Section 5 of the Prospectus for further information on the investment strategy of the product.
Parties Involved WHO ARE YOU INVESTING WITH? The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”). The Management Company is Allianz Global Investors GmbH. The Investment Manager is Allianz Global Investors Asia Pacific Limited. The Depositary is State Street Bank Luxembourg S.C.A..
Refer to Sections 1, 3 and 4.4 of the Prospectus for further information on the role and responsibilities of these entities.
KEY RISKS WHAT ARE THE KEY RISKS OF THIS INVESTMENT? The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer to Section 7 of the Prospectus for further information on risks of the product.
Market and Credit Risks You may be exposed to general market risk. o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
You may be exposed to country risk in Thailand. o The Fund’s investments focus on Thailand, which may increase the
concentration risk. Consequently, the Fund is particularly susceptible to the adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event or development in and risks of this country, or of companies based and / or operating in this country.
You may be exposed to emerging markets risk. o The Fund invests in emerging markets which are subject to greater liquidity
risk, currency risk, general market risk, settlement risk and custodial risk. The legal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
You may be exposed to currency risk. o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
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Liquidity Risks The Fund is not listed in Singapore and you can redeem only on Dealing
Days. o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus. Your right to redemption may be deferred or suspended under certain
circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.
Product-Specific Risks You may be exposed to company-specific risk. o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
You may be exposed to derivatives risk. o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
You may be exposed to the risk relating to distribution out of capital. o If you invest in a share class which provides for distributions out of capital you
should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGES WHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT? Payable directly by you (on A/AT, I/IT and P/PT classes) You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):
Subscription Fee Up to 5% Redemption Fee/ Disinvestment Fee Currently NIL Conversion Fee Up to 5%
Additional fees may be payable to Singapore distributors. Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes) The Fund will pay the following fees and charges (actual percentage
depends on the relevant share class): All-in-Fee Up to 2.25% p.a.
The fees and expenses of the investment manager, central administration agent and depositary will be covered by the All-in-Fee payable to the Management Company.
Refer to Section 6 of the Prospectus for further information on fees and charges.
VALUATIONS AND EXITING FROM THIS INVESTMENT HOW OFTEN ARE VALUATIONS AVAILABLE? The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO? There is no cancellation period for the Fund. Some Singapore distributors may,
at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
You can exit the Fund by submitting to the Singapore Representative or
Refer to Sections 8.8, 11 and 9 of the Prospectus for further information on valuation and exiting from the product.
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Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
Your redemption price is determined as follows: o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day. (Please note that Singapore distributors may impose an earlier deadline to receive orders.)
The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable. CONTACT INFORMATION
HOW DO YOU CONTACT US? If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
APPENDIX: GLOSSARY OF TERMS Business Day : Means each day on which banks and exchanges in Luxembourg are open
for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
Valuation/ Dealing Day
: Means each day on which banks and exchanges in Luxembourg and Thailand are open for business.
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Prepared on: 8/1/18 This Product Highlights Sheet is an important document.
It highlights the key terms and risks of this investment product and complements the Prospectus1.
It is important to read the Prospectus before deciding whether to purchase shares in the product. If you do not have a copy, please contact us to ask for one.
You should not invest in the product if you do not understand it or are not comfortable with the accompanying risks.
If you wish to purchase the product, you will need to make an application in the manner set out in the Prospectus.
ALLIANZ TIGER Product Type Collective Investment
Scheme Launch Date 3 October 2008
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
2.26%
Name of Guarantor Not applicable
PRODUCT SUITABILITY WHO IS THE PRODUCT SUITABLE FOR? The Fund is only suitable for investors who: o pursue the objective of general capital formation/asset optimisation and/or above-
average participation in price changes; o have basic knowledge and/or experience of financial products; and o are capable of bearing a financial loss.
The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short or medium timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further Information Refer to Section 5.1 of the Prospectus for further information on product suitability.
KEY PRODUCT FEATURES WHAT ARE YOU INVESTING IN? You are investing in a collective investment scheme constituted in Luxembourg that
aims to provide long-term capital growth by investing in the equity markets of the PRC, Hong Kong, Singapore, Republic of Korea, Taiwan, Thailand, Malaysia and/or the Philippines.
You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”, you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December. *Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer to Sections 1, 2, 5 and 17.1 of the Prospectus for further information on features of the product.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961 or accessible at sg.allianzgi.com or from any of our appointed distributors.
Allianz Tiger
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Investment Strategy A minimum of 70% of Fund assets are invested in the equity markets of the PRC,
Hong Kong, Singapore, Republic of Korea, Taiwan, Thailand, Malaysia and/or the Philippines.
Fund assets may be invested in Emerging Markets. A maximum of 30% of Fund assets may be invested in the China A-Shares market
either directly through Stock Connect or indirectly through eligible instruments. In addition, the Fund utilises a long/short equity strategy which seeks to enhance returns
irrespective of broad equity market conditions. The long/short equity strategy (the “Strategy”) targets to be market neutral with limited
or no net exposure to broad equity market movements. The net market exposure of the Strategy (long positions minus short positions) is expected to be in a maximum range of +10% and -10% of the Fund’s net asset value. To the extent that the net market exposure differs from 0 the Strategy is not a pure market neutral long/short equity strategy for, insofar, the Strategy does not seek to reduce common equity market or systematic risks but accepts them. The Strategy’s gross exposure (long positions plus short positions) is allowed to be a maximum of 40% of the Fund’s net asset value.
The Strategy is implemented using a derivatives structure, in particular swaps, on the positive or negative performance resulting from the Strategy’s investment in equities.
The Fund may use financial derivative instruments for efficient portfolio management, hedging and investment purposes.
Refer to Section 5 of the Prospectus for further information on the investment strategy of the product.
Parties Involved WHO ARE YOU INVESTING WITH? The Fund is constituted as a sub-fund under the Allianz Global Investors Fund (the
“Company”). The Management Company is Allianz Global Investors GmbH. The Investment Manager is Allianz Global Investors Asia Pacific Limited. The Depositary is State Street Bank Luxembourg S.C.A..
Refer to Sections 1, 3 and 4.4 of the Prospectus for further information on the role and responsibilities of these entities.
KEY RISKS WHAT ARE THE KEY RISKS OF THIS INVESTMENT? The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer to Section 7 of the Prospectus for further information on risks of the product.
Market and Credit Risks You may be exposed to general market risk. o The Fund is exposed to various general trends and tendencies in the economic
and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
You may be exposed to country and region risk in the PRC, Hong Kong, Singapore, the Republic of Korea, Taiwan, Thailand, Malaysia and/or the Philippines. o The Fund’s investments focus on the PRC, Hong Kong, Singapore, the Republic
of Korea, Taiwan, Thailand, Malaysia and/or the Philippines, which may increase the concentration risk. Consequently, the Fund is particularly susceptible to the adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event or development in and risks of this region, or of companies based and / or operating in this region.
You may be exposed to emerging markets risk. o The Fund invests in emerging markets which are subject to greater liquidity risk,
currency risk, general market risk, settlement risk and custodial risk. The legal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment from the levels and
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standards that are considered standard international practice. You may be exposed to currency risk. o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
Liquidity Risks The Fund is not listed in Singapore and you can redeem only on Dealing Days. o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus. Your right to redemption may be deferred or suspended under certain
circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.
Product-Specific Risks You may be exposed to company-specific risk. o The value of the Fund’s assets may drop significantly and for an extended period
of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
You may be exposed to derivatives risk. o (i) The derivatives may be misvalued or may have varying valuations; (ii) the use
of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
You may be exposed to the risk relating to distribution out of capital. o If you invest in a share class which provides for distributions out of capital you
should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
You may be exposed to PRC tax risk. o It is possible that the current tax laws, regulations and practices in the PRC will
change (which may have retrospective effect). Any increased tax liabilities on the Fund may adversely affect the Fund’s value.
o If no or inadequate provision for potential withholding tax is made and in the event that the PRC tax authorities enforce the imposition of such withholding tax, the net asset value of the Fund may be adversely affected. Depending on the timing of their subscriptions and/or redemptions, investors may be disadvantaged as a result of any shortfall of tax provision.
You may be exposed to the risk of investing in China A-Shares. o The Fund assets may be invested in China A-Shares. The securities market in
the PRC, including China A-Shares, may be more volatile and unstable (for example, due to the risk of suspension/limitation in trading of a particular stock or government intervention) than markets in more developed countries and has potential settlement difficulties. This may result in significant fluctuations in the prices of securities traded in such market and thereby affecting the prices of shares of the Fund.
You may be exposed to the risks of using Stock Connect programmes. o The regulations relating to the Stock Connect programmes are untested and
subject to change which may have potential retrospective effect. There is no certainty as to how they will be applied.
o The Fund will also be subject to other risks in connection with its investments in China A-Shares via Stock Connect programmes such as regulatory risks, taxation risk and RMB currency risk in relation to Stock Connect programmes.
The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
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FEES AND CHARGES WHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT? Payable directly by you (on A/AT, I/IT and P/PT classes) You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):
Subscription Fee Up to 5% Redemption Fee/ Disinvestment Fee
Currently NIL
Conversion Fee Up to 5% Additional fees may be payable to Singapore distributors.
Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes) The Fund will pay the following fees and charges (actual percentage depends on
the relevant share class): All-in-Fee Up to 2.25% p.a.
The fees and expenses of the investment manager, central administration agent and depositary will be covered by the All-in-Fee payable to the Management Company.
Refer to Section 6 of the Prospectus for further information on fees and charges.
VALUATIONS AND EXITING FROM THIS INVESTMENT HOW OFTEN ARE VALUATIONS AVAILABLE? The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO? There is no cancellation period for the Fund. Some Singapore distributors may, at
their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
Your redemption price is determined as follows: o If your redemption request is received by the Singapore Representative before 5
p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day. (Please note that Singapore distributors may impose an earlier deadline to receive orders.)
The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable.
Refer to Sections 8.8, 11 and 9 of the Prospectus for further information on valuation and exiting from the product.
CONTACT INFORMATION HOW DO YOU CONTACT US? If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
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APPENDIX: GLOSSARY OF TERMS Business Day : Means each day on which banks and exchanges in Luxembourg are open
for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
PRC : Means the People’s Republic of China, excluding the Hong Kong Special Administrative Region, the Macau Special Administrative Region and Taiwan.
RMB : Means the Chinese Renminbi, the official currency of the PRC and, unless the context otherwise requires, the term “RMB” refers to offshore Chinese Renminbi (“CNH”) traded offshore in Hong Kong or markets outside the PRC and not to onshore Chinese Renminbi (“CNY”).
Stock Connect : Means the program which aims to achieve mutual stock market access between PRC and Hong Kong.
Valuation/ Dealing Day
: Means a Business Day.
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Prepared on: 8/1/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.
ALLIANZ TOTAL RETURN ASIAN EQUITY
Product Type Collective Investment Scheme
Launch Date 3 October 2008
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
1.04% to 2.052%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:
o pursue the objective of general capital formation/asset optimisation and/or above-average participation in price changes;
o have basic knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short or medium timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer toSection 5.1 oftheProspectus for furtherinformation onproductsuitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth and income by investing in theequity markets of the Republic of Korea, Taiwan, Thailand, Hong Kong, Malaysia, Indonesia, the Philippines, Singapore and/or the PRC.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/ “Mg”,you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer toSections 1, 2, 5 and 17.1 of theProspectus for furtherinformation onfeatures of theproduct.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961or accessible at sg.allianzgi.com or from any of our appointed distributors.2 Annualised figure.
Allianz Total Return Asian Equity
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Investment Strategy• A minimum of 70% of Fund assets are invested in the equity markets of the
Republic of Korea, Taiwan, Thailand, Hong Kong, Malaysia, Indonesia, the Philippines, Singapore and/or the PRC.
• Fund assets may be invested in Emerging Markets.• A maximum of 30% of Fund assets may be invested into the China A-Shares
market either directly through Stock Connect or indirectly through eligible instruments.
• A maximum of 30% of Fund assets may be held in deposits and/or invested in money market instruments and/or (up to 10% of Fund assets) in money market funds.
• The Fund may invest in financial derivative instruments for efficient portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
Refer toSection 5 of theProspectus for further information on the investment strategy of the product.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”).• The Management Company is Allianz Global Investors GmbH.• The Investment Manager is Allianz Global Investors Asia Pacific Limited.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer toSections 1, 3 and 4.4 of theProspectus for further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer toSection 7 of theProspectus for further information onrisks of the product.
Market and Credit Risks• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to country and region risk in the Republic of Korea, Taiwan, Thailand, Hong Kong, Malaysia, Indonesia, the Philippines, Singapore and/or the PRC.o The Fund’s investments focus on the Republic of Korea, Taiwan, Thailand,
Hong Kong, Malaysia, Indonesia, the Philippines, Singapore and/or the PRC,which may increase the concentration risk. Consequently, the Fund is particularly susceptible to the adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event or development in and risks of this region, or of companies based and / or operating in this region.
• You may be exposed to emerging markets risk.o The Fund invests in emerging markets which are subject to greater liquidity
risk, currency risk, general market risk, settlement risk and custodial risk. The legal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
• You may be exposed to currency risk.o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected
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unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus.• Your right to redemption may be deferred or suspended under certain
circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.Product-Specific Risks
• You may be exposed to company-specific risk.o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital
you should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• You may be exposed to the risk of interest rate changes.o If market interest rates rise, the value of the interest-bearing assets held by
the Fund may decline substantially. This applies to an even greater degree if the Fund also holds interest-bearing securities with a longer time to maturity and a lower nominal interest rate.
• You may be exposed to downgrading risk.o The credit rating of interest bearing securities held by the Fund may be
downgraded. The Fund may or may not be able to dispose of the securities that are being downgraded. This may lead to a fall in the net asset value of the Fund.
• You may be exposed to credit rating risk.o Credit ratings assigned by rating agencies are subject to limitations and do
not guarantee the creditworthiness of the security and/or issuer at all times. • You may be exposed to PRC tax risk.o It is possible that the current tax laws, regulations and practices in the PRC
will change (which may have retrospective effect). Any increased tax liabilities on the Fund may adversely affect the Fund’s value.
o If no or inadequate provision for potential withholding tax is made and in the event that the PRC tax authorities enforce the imposition of such withholding tax, the net asset value of the Fund may be adversely affected. Depending on the timing of their subscriptions and/or redemptions, investors may be disadvantaged as a result of any shortfall of tax provision.
• You may be exposed to the risk of investing in China A-Shares.o The Fund assets may be invested in China A-Shares. The securities market
in the PRC, including China A-Shares, may be more volatile and unstable (for example, due to the risk of suspension/limitation in trading of a particular stock or government intervention) than markets in more developed countries and has potential settlement difficulties. This may result in significant fluctuations in the prices of securities traded in such market and thereby affecting the prices of shares of the Fund.
• You may be exposed to the risks of using Stock Connect programmes.o The regulations relating to the Stock Connect programmes are untested and
subject to change which may have potential retrospective effect. There is no certainty as to how they will be applied.
o The Fund will also be subject to other risks in connection with its investments
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in China A-Shares via Stock Connect programmes such as regulatory risks, taxation risk and RMB currency risk in relation to Stock Connect programmes.
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):
Sales charge Up to 5% Redemption fee/ Disinvestment fee Currently NIL Conversion fee Up to 5%
Additional fees may be payable to Singapore distributors.Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage
depends on the relevant share class):All-in-Fee Up to 2.05% p.a.
The fees and expenses of the investment manager, central administration agentand depositary will be covered by the All-in-Fee payable to the Management Company.
Refer toSection 6 of the Prospectusfor further information onfees andcharges.
VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors may,
at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
DisinvestmentFee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable.
Refer to Sections 8.8,11 and 9 of the Prospectus for further information on valuation and exiting from the product.
CONTACT INFORMATIONHOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
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APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
PRC : Means the People’s Republic of China, excluding the Hong Kong Special Administrative Region, the Macau Special Administrative Region and Taiwan.
RMB : Means the Chinese Renminbi, the official currency of the PRC and,unless the context otherwise requires, the term “RMB” refers to offshore Chinese Renminbi (“CNH”) traded offshore in Hong Kong or markets outside the PRC and not to onshore Chinese Renminbi (“CNY”).
Stock Connect : Means the program which aims to achieve mutual stock market access between PRC and Hong Kong.
Valuation/Dealing Day
: Means a Business Day.
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Prepared on: 8/1/18 This Product Highlights Sheet is an important document.
It highlights the key terms and risks of this investment product and complements the Prospectus1.
It is important to read the Prospectus before deciding whether to purchase shares in the product. If you do not have a copy, please contact us to ask for one.
You should not invest in the product if you do not understand it or are not comfortable with the accompanying risks.
If you wish to purchase the product, you will need to make an application in the manner set out in the Prospectus.
ALLIANZ US EQUITY DIVIDEND
Product Type Collective Investment Scheme
Launch Date 1 April 2009
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
1.84% to 1.85%
Name of Guarantor Not applicable
PRODUCT SUITABILITY WHO IS THE PRODUCT SUITABLE FOR? The Fund is only suitable for investors who:
o pursue the objective of general capital formation/asset optimisation and/or above-average participation in price changes;
o have basic knowledge and/or experience of financial products; and o are capable of bearing a financial loss.
The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short or medium timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further Information Refer to Section 5.1 of the Prospectus for further information on product suitability.
KEY PRODUCT FEATURES WHAT ARE YOU INVESTING IN? You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth by investing in companies of US equity markets that are expected to achieve sustainable dividend payments.
You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”, you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December. “Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer to Sections 1, 2, 5 and 17.1 of the Prospectus for further information on features of the product.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961 or accessible at sg.allianzgi.com or from any of our appointed distributors.
Allianz US Equity Dividend
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Investment Strategy A minimum of 70% of Fund assets are invested in companies of the US equity
markets that are expected to achieve sustainable dividend payments. A maximum of 30% of Fund assets may be invested in Emerging Markets. The Fund may invest in financial derivative instruments for efficient
portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
Refer to Section 5 of the Prospectus for further information on the investment strategy of the product.
Parties Involved WHO ARE YOU INVESTING WITH? The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”). The Management Company is Allianz Global Investors GmbH. The Investment Manager is Allianz Global Investors U.S. LLC. The Depositary is State Street Bank Luxembourg S.C.A..
Refer to Sections 1, 3 and 4.4 of the Prospectus for further information on the role and responsibilities of these entities.
KEY RISKS WHAT ARE THE KEY RISKS OF THIS INVESTMENT? The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer to Section 7 of the Prospectus for further information on risks of the product.
Market and Credit Risks You may be exposed to general market risk. o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
You may be exposed to emerging markets risk. o The Fund invests in emerging markets which are subject to greater liquidity
risk, currency risk, general market risk, settlement risk and custodial risk. The legal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
You may be exposed to country risk in the US. o The Fund’s investments focus on the US, which may increase the
concentration risk. Consequently, the Fund is particularly susceptible to the adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event or development in and risks of this country, or of companies based and / or operating in this country.
You may be exposed to currency risk. o The Fund may hold assets or have a share class denominated in foreign
currencies other than the base currency of the Fund. Accordingly, the Fund is exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Fund or Class may be affected unfavourably. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
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Liquidity Risks The Fund is not listed in Singapore and you can redeem only on Dealing
Days. o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus. Your right to redemption may be deferred or suspended under certain
circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.
Product-Specific Risks You may be exposed to company-specific risk. o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
You may be exposed to derivatives risk. o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
You may be exposed to the risk relating to distribution out of capital. o If you invest in a share class which provides for distributions out of capital
you should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGES WHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT? Payable directly by you (on A/AT, I/IT and P/PT classes) You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class): Subscription Fee Up to 5% Redemption Fee/ Disinvestment Fee
Currently NIL
Conversion Fee Up to 5% Additional fees may be payable to Singapore distributors.
Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes) The Fund will pay the following fees and charges (actual percentage
depends on the relevant share class): All-in-Fee Up to 1.80% p.a.
The fees and expenses of the investment manager, central administration agent and depositary will be covered by the All-in-Fee payable to the Management Company.
Refer to Section 6 of the Prospectus for further information on fees and charges.
VALUATIONS AND EXITING FROM THIS INVESTMENT HOW OFTEN ARE VALUATIONS AVAILABLE? The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO? There is no cancellation period for the Fund. Some Singapore distributors may,
at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
You can exit the Fund by submitting to the Singapore Representative or
Refer to Sections 8.8, 11 and 9 of the Prospectus for further information on valuation and exiting from the product.
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259
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Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
Your redemption price is determined as follows: o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day. (Please note that Singapore distributors may impose an earlier deadline to receive orders.)
The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable. CONTACT INFORMATION
HOW DO YOU CONTACT US? If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
APPENDIX: GLOSSARY OF TERMS Business Day : Means each day on which banks and exchanges in Luxembourg are open
for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
Valuation/ Dealing Day
: Means each day on which banks and exchanges in Luxembourg and the United States are open for business.
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Prepared on: 8/1/18 This Product Highlights Sheet is an important document.
It highlights the key terms and risks of this investment product and complements the Prospectus1.
It is important to read the Prospectus before deciding whether to purchase shares in the product. If you do not have a copy, please contact us to ask for one.
You should not invest in the product if you do not understand it or are not comfortable with the accompanying risks.
If you wish to purchase the product, you will need to make an application in the manner set out in the Prospectus.
ALLIANZ US EQUITY FUND
Product Type Collective Investment Scheme
Launch Date 12 December 2006
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
0.94% to 1.79%
Name of Guarantor Not applicable
PRODUCT SUITABILITY WHO IS THE PRODUCT SUITABLE FOR? The Fund is only suitable for investors who:
o pursue the objective of general capital formation/asset optimisation and/or above-average participation in price changes;
o have basic knowledge and/or experience of financial products; and o are capable of bearing a financial loss.
The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short or medium timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further Information Refer to Section 5.1 of the Prospectus for further information on product suitability.
KEY PRODUCT FEATURES WHAT ARE YOU INVESTING IN? You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth by investing in companies of US equity markets with a minimum market capitalisation of USD 500 million.
You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”, you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December. *Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer to Sections 1, 2, 5 and 17.1 of the Prospectus for further information on features of the product.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961 or accessible at sg.allianzgi.com or from any of our appointed distributors.
Allianz US Equity Fund
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Investment Strategy A minimum of 70% of Fund assets are invested in companies of US equity markets
with a minimum market capitalisation of USD 500 million. A maximum of 30% of Fund assets may be invested in Emerging Markets. The Fund may invest in financial derivative instruments for efficient
portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
Refer to Section 5 of the Prospectus for further information on the investment strategy of the product.
Parties Involved WHO ARE YOU INVESTING WITH? The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”). The Management Company is Allianz Global Investors GmbH. The Investment Manager is Allianz Global Investors U.S. LLC. The Depositary is State Street Bank Luxembourg S.C.A..
Refer to Sections 1, 3 and 4.4 of the Prospectus for further information on the role and responsibilities of these entities.
KEY RISKS WHAT ARE THE KEY RISKS OF THIS INVESTMENT? The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer to Section 7 of the Prospectus for further information on risks of the product.
Market and Credit Risks You may be exposed to general market risk. o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
You may be exposed to country risk in the US. o The Fund’s investments focus on the US, which may increase the
concentration risk. Consequently, the Fund is particularly susceptible to the adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event or development in and risks of this country, or of companies based and / or operating in this country.
You may be exposed to emerging markets risk. o The Fund invests in emerging markets which are subject to greater liquidity
risk, currency risk, general market risk, settlement risk and custodial risk. The legal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
Liquidity Risks The Fund is not listed in Singapore and you can redeem only on Dealing
Days. o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus. Your right to redemption may be deferred or suspended under certain
circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.
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Product-Specific Risks You may be exposed to company-specific risk. o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
You may be exposed to derivatives risk. o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
You may be exposed to the risk relating to distribution out of capital. o If you invest in a share class which provides for distributions out of capital
you should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGES WHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT? Payable directly by you (on A/AT, I/IT and P/PT classes) You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):
Subscription Fee Up to 5% Redemption Fee/ Disinvestment Fee Currently NIL Conversion Fee Up to 5%
Additional fees may be payable to Singapore distributors. Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes) The Fund will pay the following fees and charges (actual percentage
depends on the relevant share class): All-in-Fee Up to 1.80% p.a.
The fees and expenses of the investment manager, central administration agent and depositary will be covered by the All-in-Fee payable to the Management Company.
Refer to Section 6 of the Prospectus for further information on fees and charges.
VALUATIONS AND EXITING FROM THIS INVESTMENT HOW OFTEN ARE VALUATIONS AVAILABLE? The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO? There is no cancellation period for the Fund. Some Singapore distributors may,
at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
Your redemption price is determined as follows:
Refer to Sections 8.8, 11 and 9 of the Prospectus for further information on valuation and exiting from the product.
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o If your redemption request is received by the Singapore Representative before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day. (Please note that Singapore distributors may impose an earlier deadline to receive orders.)
The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable CONTACT INFORMATION
HOW DO YOU CONTACT US? If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
APPENDIX: GLOSSARY OF TERMS Business Day : Means each day on which banks and exchanges in Luxembourg are open
for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
Valuation/ Dealing Day
: Means each day on which banks and exchanges in Luxembourg and the United States are open for business.
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264
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Prepared on: 8/1/18 This Product Highlights Sheet is an important document.
It highlights the key terms and risks of this investment product and complements the Prospectus1.
It is important to read the Prospectus before deciding whether to purchase shares in the product. If you do not have a copy, please contact us to ask for one.
You should not invest in the product if you do not understand it or are not comfortable with the accompanying risks.
If you wish to purchase the product, you will need to make an application in the manner set out in the Prospectus.
ALLIANZ US EQUITY PLUS
Product Type Collective
Investment Scheme Launch Date 5 April 2016
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
1.85%
Name of Guarantor Not applicable
PRODUCT SUITABILITY WHO IS THE PRODUCT SUITABLE FOR? The Fund is only suitable for investors who:
o pursue the objective of general capital formation/asset optimisation and/or above-average participation in price changes;
o have basic knowledge and/or experience of financial products; and o are capable of bearing a financial loss.
The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short or medium timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further Information Refer to Section 5.1 of the Prospectus for further information on product suitability.
KEY PRODUCT FEATURES WHAT ARE YOU INVESTING IN? You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth and income by investing in US equity markets.
You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”, you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December. *Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer to Sections 1, 2, 5 and 17.1 of the Prospectus for further information on features of the product.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961 or accessible at sg.allianzgi.com or from any of our appointed distributors.
Allianz US Equity Plus
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Investment Strategy A minimum of Fund assets are invested in US equity markets. A maximum of 30% of Fund assets may be invested in Emerging Markets. A maximum of 20% of Fund assets may be held in deposits and/or invested in
money market instruments and/or (up to 10% of Fund assets) in money market funds.
The Fund may invest in financial derivative instruments for efficient portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
Refer to Section 5 of the Prospectus for further information on the investment strategy of the product.
Parties Involved
WHO ARE YOU INVESTING WITH? The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”). The Management Company is Allianz Global Investors GmbH. The Investment Manager is Allianz Global Investors U.S. LLC. The Depositary is State Street Bank Luxembourg S.C.A..
Refer to Sections 1, 3 and 4.4 of the Prospectus for further information on the role and responsibilities of these entities.
KEY RISKS WHAT ARE THE KEY RISKS OF THIS INVESTMENT? The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer to Section 7 of the Prospectus for further information on risks of the product.
Market and Credit Risks You may be exposed to general market risk. o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
You may be exposed to emerging markets risk. o The Fund invests in emerging markets which are subject to greater liquidity
risk, currency risk, general market risk, settlement risk and custodial risk. The legal, taxation and regulatory environment and the accounting, auditing and reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.
Liquidity Risks The Fund is not listed in Singapore and you can redeem only on Dealing
Days. o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus. Your right to redemption may be deferred or suspended under certain
circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.
Product-Specific Risks You may be exposed to derivatives risk. o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have
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a substantial, even negative, effect on the performance of the Fund. You may be exposed to the risk relating to distribution out of capital. o If you invest in a share class which provides for distributions out of capital
you should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
You may be exposed to the risk of investing in high-yield investments. o Investing in high-yield investments is normally associated with increased
creditworthiness risk, risk of interest rate changes, general market risk, company-specific risk and liquidity risk.
You may be exposed to RMB currency risk. o The Fund may invest in assets denominated in offshore and onshore RMB.
The RMB traded in the PRC is not freely convertible and is subject to exchange control policies and restrictions imposed by the PRC authorities. Restrictions on repatriation of RMB out of the PRC may limit the depth of the RMB market available outside of the PRC, and thereby may reduce the liquidity of the Fund. The RMB may be subject to devaluation, in which case the value of the investments in RMB assets will be adversely affected. Furthermore although offshore RMB and onshore RMB are the same currency, they are traded on different and separate markets and as such, their values could differ and their exchange rates may not move in the same direction.
The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGES WHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT? Payable directly by you (on A/AT, I/IT and P/PT classes) You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class): Subscription Fee Up to 5% Redemption Fee/ Disinvestment Fee
Currently NIL
Conversion Fee Up to 5% Additional fees may be payable to Singapore distributors.
Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes) The Fund will pay the following fees and charges (actual percentage
depends on the relevant share class): All-in-Fee Up to 1.80% p.a.
The fees and expenses of the investment manager, central administration agent and depositary will be covered by the All-in-Fee payable to the Management Company.
Refer to Section 6 of the Prospectus for further information on fees and charges.
VALUATIONS AND EXITING FROM THIS INVESTMENT HOW OFTEN ARE VALUATIONS AVAILABLE? The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO? There is no cancellation period for the Fund. Some Singapore distributors may,
at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as
Refer to Sections 8.8, 11 and 9 of the Prospectus for further information on valuation and exiting from the product.
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you have agreed with the Singapore Representative or Singapore distributor). Your redemption price is determined as follows: o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day. (Please note that Singapore distributors may impose an earlier deadline to receive orders.)
The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable. CONTACT INFORMATION
HOW DO YOU CONTACT US? If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
APPENDIX: GLOSSARY OF TERMS Business Day : Means each day on which banks and exchanges in Luxembourg are open
for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
Valuation/ Dealing Day
: Means each day on which banks and exchanges in Luxembourg and the United States are open for business.
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Prepared on: 8/1/18 This Product Highlights Sheet is an important document.
It highlights the key terms and risks of this investment product and complements the Prospectus1.
It is important to read the Prospectus before deciding whether to purchase shares in the product. If you do not have a copy, please contact us to ask for one.
You should not invest in the product if you do not understand it or are not comfortable with the accompanying risks.
If you wish to purchase the product, you will need to make an application in the manner set out in the Prospectus.
ALLIANZ US HIGH YIELD Product Type Collective
Investment Scheme Launch Date 2 August 2010
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
0.75% to 1.43%
Name of Guarantor Not applicable
PRODUCT SUITABILITY WHO IS THE PRODUCT SUITABLE FOR? The Fund is only suitable for investors who: o pursue the objective of general capital formation/asset optimisation; o have basic knowledge and/or experience of financial products; and o are capable of bearing a financial loss.
The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further Information Refer to Section 5.1 of the Prospectus for further information on product suitability.
KEY PRODUCT FEATURES WHAT ARE YOU INVESTING IN? You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth and income by investing in high yield rated corporate bonds of US bond markets.
You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/ “Mg”, you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December. *Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer to Sections 1, 2, 5 and 17.1 of the Prospectus for further information on features of the product.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961 or accessible at sg.allianzgi.com or from any of our appointed distributors.
Allianz US High Yield
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Investment Strategy A minimum of 70% of Fund assets are invested in corporate bonds from the
US. A minimum of 70% of Fund assets are invested in High-Yield Investments
Type 1. A maximum of 30% of Fund assets may be invested in Emerging Markets. On a temporary basis for liquidity management and/or defensive purpose
and/or any other exceptional circumstances, and if the Investment Manager considers it in the best interest of the Fund, up to 100% of Fund assets may be held in deposits and/or invested directly in money market instruments and (up to 10% of Fund assets) in money market funds.
The Fund may conduct securities lending transactions, over-the-counter (“OTC”) based repurchase and/or reverse repurchase transactions and similar OTC transactions in aggregate for up to 50% of the Fund’s assets.
The Fund may invest in financial derivative instruments for efficient portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
Refer to Section 5 of the Prospectus for further information on the investment strategy of the product.
Parties Involved WHO ARE YOU INVESTING WITH? The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”). The Management Company is Allianz Global Investors GmbH. The Investment Manager is Allianz Global Investors U.S. LLC. The Depositary is State Street Bank Luxembourg S.C.A..
Refer to Sections 1, 3 and 4.4 of the Prospectus for further information on the role and responsibilities of these entities.
KEY RISKS WHAT ARE THE KEY RISKS OF THIS INVESTMENT? The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer to Section 7 of the Prospectus for further information on risks of the product.
Market and Credit Risks You may be exposed to general market risk. o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
You may be exposed to issuer default risk. o The issuer of securities held by the Fund may become insolvent causing its
inability to fulfill his payment obligations in a full and timely manner and causing such issued assets to become economically worthless.
You may be exposed to creditworthiness risk. o The creditworthiness (ability to pay) of the issuer of an asset held by the
Fund may fall. This usually leads to a decrease in the price of the asset greater than that caused by general market fluctuations.
You may be exposed to sovereign debt risk. o The Fund’s investment in interest-bearing securities issued or guaranteed by
governments may be exposed to political, social and economic risks. The sovereign issues may not be able or willing to repay the principal and/or interest or may request the Fund to participate in rescheduling such debts. The Fund may suffer significant losses when there is a default of sovereign debt issuers.
You may be exposed to country risk in the US. o The Fund’s investments focus on the US, which may increase the
concentration risk. Consequently, the Fund is particularly susceptible to the
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adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event or development in and risks of this country, or of companies based and / or operating in this country.
Liquidity Risks The Fund is not listed in Singapore and you can redeem only on Dealing
Days. o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus. Your right to redemption may be deferred or suspended under certain
circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.
Product-Specific Risks You may be exposed to the risk of interest rate changes. o If market interest rates rise, the value of the interest-bearing assets held by
the Fund may decline substantially. This applies to an even greater degree if the Fund also holds interest-bearing securities with a longer time to maturity and a lower nominal interest rate.
You may be exposed to downgrading risk. o The credit rating of interest bearing securities held by the Fund may be
downgraded. The Fund may or may not be able to dispose of the securities that are being downgraded. This may lead to a fall in the net asset value of the Fund.
You may be exposed to valuation risk. o Valuation of the Fund assets may involve uncertainties and judgmental
determinations. If such valuation turns out to be incorrect, this may affect the net asset value calculation of the Fund.
You may be exposed to credit rating risk. o Credit ratings assigned by rating agencies are subject to limitations and do
not guarantee the creditworthiness of the security and/or issuer at all times. You may be exposed to derivatives risk. o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
You may be exposed to the risk relating to distribution out of capital. o If you invest in a share class which provides for distributions out of capital
you should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
You may be exposed to the risk of investing in high-yield investments. o Investing in high-yield investments is normally associated with increased
creditworthiness risk, risk of interest rate changes, general market risk, company-specific risk and liquidity risk.
You may be exposed to RMB currency risk. o The Fund may invest in assets denominated in offshore and onshore RMB.
The RMB traded in the PRC is not freely convertible and is subject to exchange control policies and restrictions imposed by the PRC authorities. Restrictions on repatriation of RMB out of the PRC may limit the depth of the RMB market available outside of the PRC, and thereby may reduce the liquidity of the Fund. The RMB may be subject to devaluation, in which case the value of the investments in RMB assets will be adversely affected. Furthermore although offshore RMB and onshore RMB are the same currency, they are traded on different and separate markets and as such, their values could differ and their exchange rates may not move in the same direction.
The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in
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respect of the Fund. FEES AND CHARGES
WHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT? Payable directly by you (on A/AT, I/IT and P/PT classes) You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class): Subscription Fee Up to 5% Redemption Fee/ Disinvestment Fee Currently NIL Conversion Fee Up to 5% Additional fees may be payable to Singapore distributors.
Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes) The Fund will pay the following fees and charges (actual percentage
depends on the relevant share class): All-in-Fee Up to 1.39% p.a.
The fees and expenses of the investment manager, central administration agent and depositary will be covered by the All-in-Fee payable to the Management Company.
VALUATIONS AND EXITING FROM THIS INVESTMENT HOW OFTEN ARE VALUATIONS AVAILABLE? The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com. HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO? There is no cancellation period for the Fund. Some Singapore distributors may,
at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
Your redemption price is determined as follows: o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day. (Please note that Singapore distributors may impose an earlier deadline to receive orders.)
The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable.
Refer to Sections 8.8, 11 and 9 of the Prospectus for further information on valuation and exiting from the product.
CONTACT INFORMATION HOW DO YOU CONTACT US? If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
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APPENDIX: GLOSSARY OF TERMS Business Day : Means each day on which banks and exchanges in Luxembourg are open
for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
High-Yield Investments Type 1
: Means an investment in debt securities which at the time of acquisition has a rating of BB+ or below (Standard & Poor’s and Fitch) or of Ba1 or below (Moody’s) or the equivalent by another rating agency or, if unrated, as determined by the Investment Manager to be of comparable quality. In case of a minimum (maximum) investment limit of High-Yield Investment Type 1 securities according to the Fund’s investment restrictions, the lowest (highest) available rating of a debt security at acquisition day is decisive for the assessment of the possible acquisition of such debt security as High-Yield Investment Type 1. Generally, there is no intention to acquire debt securities that are only rated CC, C or D (Standard & Poor’s), C, RD or D (Fitch) or Ca or C (Moody’s) unless otherwise specified.
PRC : Means the People’s Republic of China, excluding the Hong Kong Special Administrative Region, the Macau Special Administrative Region and Taiwan.
RMB : Means the Chinese Renminbi, the official currency of the PRC and, unless the context otherwise requires, the term “RMB” refers to offshore Chinese Renminbi (“CNH”) traded offshore in Hong Kong or markets outside the PRC and not to onshore Chinese Renminbi (“CNY”).
Valuation/ Dealing Day
: Means each day on which banks and exchanges in Luxembourg and the United States are open for business.
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Allianz US Short Duration High Income Bond
Prepared on: 28/2/18This Product Highlights Sheet is an important document.• It highlights the key terms and risks of this investment product and complements the
Prospectus1.• It is important to read the Prospectus before deciding whether to purchase shares in
the product. If you do not have a copy, please contact us to ask for one.• You should not invest in the product if you do not understand it or are not
comfortable with the accompanying risks.• If you wish to purchase the product, you will need to make an application in the
manner set out in the Prospectus.
ALLIANZ US SHORT DURATION HIGH INCOME BONDProduct Type Collective
Investment SchemeLaunch Date 22 September 2015
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
0.53% to 1.34%
Name of Guarantor Not applicable
PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR?• The Fund is only suitable for investors who:o pursue the objective of general capital formation/asset optimisation;o have basic knowledge and/or experience of financial products; ando are capable of bearing a financial loss.
• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further InformationRefer to Section5.1 of theProspectus for furtherinformation onproductsuitability.
KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN?• You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term income and lower volatility by investing in short duration high yield rated corporate bonds of US bond markets.
• You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”,you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December.*Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer toSections 1, 2, 5 and 17.1 of theProspectus for furtherinformation onfeatures of theproduct.
Investment Strategy• Fund assets are primarily invested in short duration high yield rated corporate
bonds of US bond markets.• (until 28 March 2018) A minimum of 70% of Fund assets are invested in
corporate bonds from the US or whose issuers are constituents of the Merrill Lynch 1-3 Years BB-B US Cash Pay High Yield Index.
Refer to Section 5 of theProspectus for further information on the investment
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961or accessible at sg.allianzgi.com or from any of our appointed distributors.
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• (as of 29 March 2018) A minimum of 70% of Fund assets are invested in corporate bonds from the US or whose issuers are constituents of the ICE BofAML 1-3 Years BB-B US Cash Pay High Yield Index.
• A minimum of 70% of Fund assets are invested in High-Yield InvestmentsType 1.
• On a temporary basis for liquidity management and/or defensive purpose and/or any other exceptional circumstances, and if the Investment Manager considers it in the best interest of the Fund, up to 100% of Fund assets may be held in deposits and/or invested directly in money market instruments and (up to 10% of Fund assets) in money market funds.
• The Fund may conduct securities lending transactions, over-the-counter (“OTC”) based repurchase and/or reverse repurchase transactions and similar OTC transactions in aggregate for up to 50% of the Fund’s assets.
The Fund may invest in financial derivative instruments for efficient portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.
strategy of the product.
Parties InvolvedWHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”).• The Management Company is Allianz Global Investors GmbH.• The Investment Manager is Allianz Global Investors U.S. LLC.• The Depositary is State Street Bank Luxembourg S.C.A..
Refer to Sections1, 3 and 4.4 of the Prospectusfor further information on the role and responsibilities of these entities.
KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer to Section 7of the Prospectus for further information on risks of the product.
Market and Credit Risks• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
• You may be exposed to issuer default risk.o The issuer of securities held by the Fund may become insolvent causing its
inability to fulfill his payment obligations in a full and timely manner and causing such issued assets to become economically worthless.
• You may be exposed to creditworthiness risk.o The creditworthiness (ability to pay) of the issuer of an asset held by the
Fund may fall. This usually leads to a decrease in the price of the asset greater than that caused by general market fluctuations.
• You may be exposed to sovereign debt risk.o The Fund’s investment in interest-bearing securities issued or guaranteed by
governments may be exposed to political, social and economic risks. The sovereign issues may not be able or willing to repay the principal and/or interest or may request the Fund to participate in rescheduling such debts. The Fund may suffer significant losses when there is a default of sovereign debt issuers.
• You may be exposed to country risk in the US.o The Fund’s investments focus on the US, which may increase the
concentration risk. Consequently, the Fund is particularly susceptible to the adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event or development in and risks of this country, or of companies based and / or operating in this country.
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Liquidity Risks• The Fund is not listed in Singapore and you can redeem only on Dealing
Days.o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus.• Your right to redemption may be deferred or suspended under certain
circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.Product-Specific Risks
• You may be exposed to the risk of interest rate changes.o If market interest rates rise, the value of the interest-bearing assets held by
the Fund may decline substantially. This applies to an even greater degree if the Fund also holds interest-bearing securities with a longer time to maturity and a lower nominal interest rate.
• You may be exposed to downgrading risk.o The credit rating of interest bearing securities held by the Fund may be
downgraded. The Fund may or may not be able to dispose of the securities that are being downgraded. This may lead to a fall in the net asset value of the Fund.
• You may be exposed to the risk of investing in high-yield investments and convertible bonds.o Investing in high-yield investments is normally associated with increased
creditworthiness risk, risk of interest rate changes, general market risk, company-specific risk and liquidity risk.
o Investing in convertible bonds is normally associated with increased creditworthiness risk, risk of default, risk of interest rate changes, prepayment risk, general market risk and liquidity risk.
• You may be exposed to valuation risk.o Valuation of the Fund assets may involve uncertainties and judgmental
determinations. If such valuation turns out to be incorrect, this may affect the net asset value calculation of the Fund.
• You may be exposed to credit rating risk.o Credit ratings assigned by rating agencies are subject to limitations and do
not guarantee the creditworthiness of the security and/or issuer at all times.• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
• You may be exposed to the risk relating to distribution out of capital.o If you invest in a share class which provides for distributions out of capital
you should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
• You may be exposed to RMB currency risk.o The Fund may invest in assets denominated in offshore and onshore RMB.
The RMB traded in the PRC is not freely convertible and is subject to exchange control policies and restrictions imposed by the PRC authorities.Restrictions on repatriation of RMB out of the PRC may limit the depth of the RMB market available outside of the PRC, and thereby may reduce the liquidity of the Fund. The RMB may be subject to devaluation, in which case the value of the investments in RMB assets will be adversely affected. Furthermore although offshore RMB and onshore RMB are the same currency, they are traded on different and separate markets and as such, their values could differ and their exchange rates may not move in the same direction.
• The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
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FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?Payable directly by you (on A/AT, I/IT and P/PT classes)• You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):
Subscription Fee Up to 5% Redemption Fee/ Disinvestment Fee
Currently NIL
Conversion Fee Up to 5% Additional fees may be payable to Singapore distributors.
Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes)• The Fund will pay the following fees and charges (actual percentage
depends on the relevant share class):All-in-Fee Up to 1.45% p.a.
The fees and expenses of the investment manager, central administration agent and depositary will be covered by the All-in-Fee payable to the Management Company.
VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE?The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?• There is no cancellation period for the Fund. Some Singapore distributors
may, at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
• You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
• You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
• Your redemption price is determined as follows:o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day.(Please note that Singapore distributors may impose an earlier deadline to receive orders.)
• The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable.
Refer to Sections8.9, 11 and 9 of the Prospectusfor further information on valuation and exiting from the product.
CONTACT INFORMATIONHOW DO YOU CONTACT US?If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
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APPENDIX: GLOSSARY OF TERMS
Business Day : Means each day on which banks and exchanges in Luxembourg are open for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
High-Yield InvestmentsType 1
: Means an investment in debt securities which at the time of acquisition has a rating of BB+ or below (Standard & Poor’s and Fitch) or of Ba1 or below (Moody’s) or the equivalent by another rating agency or, if unrated, as determined by the Investment Manager to be of comparable quality. In case of a minimum (maximum) investment limit of High-Yield Investment Type 1 securities according to the Fund’s investment restrictions, the lowest (highest) available rating of a debt security at acquisition day is decisive for the assessment of the possible acquisition of such debt security as High-Yield Investment Type 1. Generally, there is no intention to acquire debt securities that are only rated CC, C or D (Standard & Poor’s), C, RD or D (Fitch) or Ca or C (Moody’s) unless otherwise specified.
PRC : Means the People’s Republic of China, excluding the Hong Kong Special Administrative Region, the Macau Special Administrative Region and Taiwan.
RMB : Means the Chinese Renminbi, the official currency of the PRC and, unless the context otherwise requires, the term “RMB” refers to offshore Chinese Renminbi (“CNH”) traded offshore in Hong Kong or markets outside the PRC and not to onshore Chinese Renminbi (“CNY”).
Valuation/Dealing Day
: Means each day on which banks and exchanges in Luxembourg and New York are open for business.
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Prepared on: 8/1/18 This Product Highlights Sheet is an important document.
It highlights the key terms and risks of this investment product and complements the Prospectus1.
It is important to read the Prospectus before deciding whether to purchase shares in the product. If you do not have a copy, please contact us to ask for one.
You should not invest in the product if you do not understand it or are not comfortable with the accompanying risks.
If you wish to purchase the product, you will need to make an application in the manner set out in the Prospectus.
ALLIANZ US SMALL CAP EQUITY
Product Type Collective
Investment Scheme Launch Date 29 July 2014
Management Company
Allianz Global Investors GmbH
Depositary State Street Bank Luxembourg S.C.A.
Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day
Capital Guaranteed No Expense Ratio for Financial Year ended 30 September 2017
1.062% to 2.10%
Name of Guarantor Not applicable
PRODUCT SUITABILITY WHO IS THE PRODUCT SUITABLE FOR? The Fund is only suitable for investors who:
o pursue the objective of general capital formation/asset optimisation and/or above-average participation in price changes;
o have basic knowledge and/or experience of financial products; and o are capable of bearing a financial loss.
The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short or medium timeframe.
You should consult your financial adviser if in doubt whether this product is suitable for you.
Further Information Refer to Section 5.1 of the Prospectus for further information on product suitability.
KEY PRODUCT FEATURES WHAT ARE YOU INVESTING IN? You are investing in a collective investment scheme constituted in Luxembourg
that aims to provide long-term capital growth investing in US equity markets with a focus on small-sized companies.
You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where the distributing share class contains additional letter(s) “M”/“Mg”, you may instead receive distributions on 15th of every month or if it contains additional letter(s) “Q”/“Qg” you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December. *Dividends may be paid out of capital or effectively out of capital and reduce the Fund’s net asset value
Refer to Sections 1, 2, 5 and 17.1 of the Prospectus for further information on features of the product.
1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore 018961 or accessible at sg.allianzgi.com or from any of our appointed distributors. 2 Annualised figure.
Allianz US Small Cap Equity
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Investment Strategy A minimum of 70% of Fund assets are invested in US equity markets with a focus
on small-sized companies. Small-sized companies means companies whose market capitalisation is a
maximum of 1.3 times the market capitalisation of the largest security in the Russell 2000 Index.
Under normal market situations the Investment Manager expects to maintain a weighted-average market capitalisation of the portfolio of the Fund between 50% and 250% of the weighted-average market capitalisation of the securities in the Russell 2000 Index.
A maximum of 30% of Fund assets may be invested in Emerging Markets. The Fund may invest in derivatives for efficient portfolio management,
hedging and investment purposes.
Refer to Section 5 of the Prospectus for further information on the investment strategy of the product.
Parties Involved WHO ARE YOU INVESTING WITH? The Fund is constituted as a sub-fund under the Allianz Global Investors Fund
(the “Company”). The Management Company is Allianz Global Investors GmbH. The Investment Manager is Allianz Global Investors U.S. LLC. The Depositary is State Street Bank Luxembourg S.C.A..
Refer to Sections 1, 3 and 4.4 of the Prospectus for further information on the role and responsibilities of these entities.
KEY RISKS WHAT ARE THE KEY RISKS OF THIS INVESTMENT? The value of the product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact the net asset value of the product and cause you to lose some or all of your investment:
Refer to Section 7 of the Prospectus for further information on risks of the product.
Market and Credit Risks You may be exposed to general market risk. o The Fund is exposed to various general trends and tendencies in the
economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market.
You may be exposed to country risk in the US. o The Fund’s investments focus on the US, which may increase the
concentration risk. Consequently, the Fund is particularly susceptible to the adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event or development in and risks of this country, or of companies based and / or operating in this country.
You may be exposed to currency risk. o The Fund directly or indirectly holds assets denominated in foreign
currencies. Any devaluation of the foreign currency against the base currency of the Fund would cause the value of the assets denominated in the foreign currency to fall.
Liquidity Risks The Fund is not listed in Singapore and you can redeem only on Dealing
Days. o There is no secondary market in Singapore for the Fund. All redemption
requests may only be made in the manner described in the Prospectus. You may be exposed to liquidity risk. o The Fund may invest in illiquid securities. Even relatively small orders of
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illiquid securities can lead to significant price changes. If an asset is illiquid, there is the risk that it cannot be sold or can only be sold at a significant discount to the purchase price.
Your right to redemption may be deferred or suspended under certain circumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.
Product-Specific Risks You may be exposed to company-specific risk. o The value of the Fund’s assets may drop significantly and for an extended
period of time if company-specific factors (such as the issuer’s business situation) deteriorates, even if the market trend is generally positive.
You may be exposed to derivatives risk. o (i) The derivatives may be misvalued or may have varying valuations; (ii) the
use of derivatives may not completely hedge the risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, the Fund may not be able to liquidate a position at an appropriate time or price; (iv) there is also a creditworthiness risk (i.e. that the counterparty may default or be unable to completely fulfill its obligations); (v) given the leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on the performance of the Fund.
You may be exposed to concentration risk. o The Fund focuses its investments on small sized companies in US equity
markets, which may reduce risk diversification. Consequently, the Fund may be particularly dependent on the development of these investments, markets or related markets, country or companies of such markets or country.
You may be exposed to the risk relating to distribution out of capital. o If you invest in a share class which provides for distributions out of capital you
should be aware that payment of such distributions may result in an immediate decrease in the net asset value per share and may reduce the capital available for future investment and capital growth.
The net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in respect of the Fund.
FEES AND CHARGES WHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT? Payable directly by you (on A/AT, I/IT and P/PT classes) You will need to pay the following fees and charges as a percentage of the net
asset value of the share class (actual percentage depends on the relevant share class):
Subscription Fee Up to 5% Redemption Fee/ Disinvestment Fee
Currently NIL
Conversion Fee Up to 5% Additional fees may be payable to Singapore distributors.
Payable by the Fund from invested proceeds (on A/AT, I/IT and P/PT classes) The Fund will pay the following fees and charges (actual percentage
depends on the relevant share class): All-in-Fee Up to 2.05% p.a.
The fees and expenses of the investment manager, central administration agent and depositary will be covered by the All-in-Fee payable to the Management Company.
Refer to Section 6 of the Prospectus for further information on fees and charges.
VALUATIONS AND EXITING FROM THIS INVESTMENT HOW OFTEN ARE VALUATIONS AVAILABLE? The prices of shares will normally be published by the Company 2 Business Days after the relevant Valuation Day at sg.allianzgi.com.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO? There is no cancellation period for the Fund. Some Singapore distributors may,
Refer to Sections 8.8, 11 and 9 of the Prospectus for further information on valuation and exiting from
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at their own discretion and in their own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor.
You can exit the Fund by submitting to the Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in the Prospectus. Redemptions are subject to minimum redemption and minimum holding amounts.
You should normally receive the sale proceeds within 6 Valuation Days after the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).
Your redemption price is determined as follows: o If your redemption request is received by the Singapore Representative
before 5 p.m. (Singapore time) on a day which is both a Dealing Day and a Singapore business day, you will be paid the redemption price for that Dealing Day (which is based on the net asset value per share of the Fund).
o If not, you will be paid the redemption price for the next Dealing Day. (Please note that Singapore distributors may impose an earlier deadline to receive orders.)
The redemption proceeds that you will receive will be the redemption price multiplied by the number of shares redeemed. An example is as follows:
1,000 Shares
x $10.00 = $10,000.00 - $0 = $10,000.00
Redemption request
Redemption Price
Gross Redemption
Proceeds
Redemption Fee /
Disinvestment Fee*
Net Redemption
Proceeds
*There is currently no redemption fee / disinvestment fee payable.
the product.
CONTACT INFORMATION HOW DO YOU CONTACT US? If you have any queries regarding the Fund, you may contact the Singapore Representative at 1800-438-0828 or at Marketing.SG@AllianzGI.com.
APPENDIX: GLOSSARY OF TERMS Business Day : Means each day on which banks and exchanges in Luxembourg are open
for business. For the avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business.
Emerging Markets
: Means a country which is not classified by the World Bank as a high-income economy (high gross national income per capita).
Valuation/ Dealing Day
: Means each day on which banks and exchanges in Luxembourg and New York are open for business.
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Allianz Global Investors Singapore Limited12 Marina View #13-02Asia Square Tower 2Singapore 018961Hotline: (1800) 438 0828Fax: (65) 6311 8025Email: Marketing.SG@AllianzGI.comWebsite: sg.allianzgi.comBusiness Registration No: 199907169Z
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