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28 February 2018

Singapore Product Highlights Sheet

Allianz Global Investors FundSociété d’Investissement à Capital Variable

Allianz Q7790_AGIF PHS_28Feb18_Cover_280218 v2.indd 1 2/28/2018 11:41:53 AM

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

Allianz Q7790_AGIF PHS_28Feb18_Inner_280218 v3.indd 1 2/28/2018 12:11:17 PM

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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 [email protected].


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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





manner set out in the Prospectus.

ALLIANZ AMERICAN INCOMEProduct Type Collective

Investment SchemeLaunch Date 1 March 2017

Management Company



Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day


1.332%


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.



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.


(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.



Refer to Section 7 of the Prospectus for further information on risks of the product.





• 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.




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


• 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.





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



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.



• 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).


Refer to Sections8.9, 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 [email protected].



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.




: 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





ALLIANZ ASIA PACIFIC EQUITYProduct Type Collective

Investment SchemeLaunch Date 11 January 2005

Management Company





0.93% to 1.80%



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.


Further InformationRefer toSection 5.1 oftheProspectus for furtherinformation onproductsuitability.


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



Refer toSection 5 of theProspectusfor further information on the investment strategy of the product.


(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 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 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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• You may be exposed to company-specific risk.o The value of the Fund’s assets may drop significantly and for an extended






• 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.









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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.







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


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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IGH

LIGH

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15

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LIGH

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Emerging Markets






: Means a Business Day.


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LIGH

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16

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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


Launch Date 15 July 2009

Management Company





0.86% to 1.49%


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.




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.



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.










• 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


• 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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LIGH

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18

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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


• 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 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 PRC tax risk.o It is possible that the current tax laws, regulations and practices in the PRC will



• 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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LIGH

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19

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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.


the relevant share class):All-in-Fee Up to 1.50% p.a.



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.



• 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).



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





PRO

DU

CT H

IGH

LIGH

TS SHEET

20

PRO

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CT H

IGH

LIGH

TS SHEET



Emerging Markets



: 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.





: Means each day on which banks and exchanges in Luxembourg, Hong Kong and Singapore are open for business.


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LIGH

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21

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LIGH

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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%








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.



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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LIGH

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22

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LIGH

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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.


(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 toSection 7 of theProspectus for further information onrisks of the product.









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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IGH

LIGH

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23

PRO

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LIGH

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• 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



• 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).






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IGH

LIGH

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24

PRO

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IGH

LIGH

TS SHEET

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.








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).



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


Refer to Sections 8.8,11 and 9 of the Prospectusfor further information on valuation and exiting from the product.



PRO

DU

CT H

IGH

LIGH

TS SHEET

25

PRO

DU

CT H

IGH

LIGH

TS SHEET



EmergingMarkets






: Means each day on which banks and exchanges in Luxembourg,Germany and the United Kingdom are open for business.


PRO

DU

CT H

IGH

LIGH

TS SHEET

26

PRO

DU

CT H

IGH

LIGH

TS SHEET






ALLIANZ BEST STYLES EUROLAND EQUITY


Launch Date 12 July 2005

Management Company





0.71% to 1.35%








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.




Allianz Best Styles Euroland Equity


PRO

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IGH

LIGH

TS SHEET

27

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LIGH

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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.


Refer toSection 5 of theProspectus for further information on the investment strategy of the product.


(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..







• 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


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.




PRO

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CT H

IGH

LIGH

TS SHEET

28

PRO

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CT H

IGH

LIGH

TS SHEET















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 toSection 6 of the Prospectusfor further information onfees andcharges.





Refer to Sections 8.8,11 and 9 of the Prospectus for further information on valuation and exiting from the product.


PRO

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IGH

LIGH

TS SHEET

29

PRO

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IGH

LIGH

TS SHEET







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





Emerging Markets





PRO

DU

CT H

IGH

LIGH

TS SHEET

30

PRO

DU

CT H

IGH

LIGH

TS SHEET






ALLIANZ BEST STYLES GLOBAL EQUITY


Launch Date 6 August 2013

Management Company





0.432% to 1.35%








that aims to provide long-term capital growth by investing in global equitymarkets.




Allianz Best Styles Global Equity


PRO

DU

CT H

IGH

LIGH

TS SHEET

31

PRO

DU

CT H

IGH

LIGH

TS SHEET

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




















PRO

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IGH

LIGH

TS SHEET

32

PRO

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IGH

LIGH

TS SHEET






















• You should normally receive the sale proceeds within 6 Valuation Days after



PRO

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IGH

LIGH

TS SHEET

33

PRO

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IGH

LIGH

TS SHEET

the calculation of the relevant redemption price (or within such time frame as you have agreed with the Singapore Representative or Singapore distributor).





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






: Means each day on which banks and exchanges in Luxembourg and in Germany are open for business.


PRO

DU

CT H

IGH

LIGH

TS SHEET

34

PRO

DU

CT H

IGH

LIGH

TS SHEET






ALLIANZ CHINA EQUITYProduct Type Collective

Investment SchemeLaunch Date 3 October 2008

Management Company



Trustee Not applicable Dealing Frequency Every Dealing Daywhich is a Singapore, business day


1.252% to 2.28%








that aims to provide long-term capital growth by investing in PRC, Hong Kong and Macau equity markets.



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


Allianz China Equity


PRO

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CT H

IGH

LIGH

TS SHEET

35

PRO

DU

CT H

IGH

LIGH

TS SHEET

instruments.• The Fund may invest in financial derivative instruments for efficient


the investment strategy of the product.











• 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










• You may be exposed to derivatives risk.


PRO

DU

CT H

IGH

LIGH

TS SHEET

36

PRO

DU

CT H

IGH

LIGH

TS SHEET

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.












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.




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)



PRO

DU

CT H

IGH

LIGH

TS SHEET

37

PRO

DU

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IGH

LIGH

TS SHEET

• 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.




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







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





PRO

DU

CT H

IGH

LIGH

TS SHEET

38

PRO

DU

CT H

IGH

LIGH

TS SHEET







: Means each day on which banks and exchanges in Luxembourg and Hong Kong are open for business.


PRO

DU

CT H

IGH

LIGH

TS SHEET

39

Allianz China Multi Income Plus



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


Management Company





0.90% to 1.89%








that aims to provide long-term capital growth and income by investing in equity and bond markets of the PRC, Hong Kong and Macau.



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




PRO

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IGH

LIGH

TS SHEET

40

(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.














• You may be exposed to issuer default risk.


PRO

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IGH

LIGH

TS SHEET

41

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.


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


• 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.

















PRO

DU

CT H

IGH

LIGH

TS SHEET

42


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 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.


PRO

DU

CT H

IGH

LIGH

TS SHEET

43



asset value of the share class (actual percentage depends on the relevant share class):


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.










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





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IGH

LIGH

TS SHEET

44



CIBM : Means China interbank bond market, the over-the-counter market for bonds issued and traded in the PRC.

Emerging Markets





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.






PRO

DU

CT H

IGH

LIGH

TS SHEET

45

Allianz China Strategic Bond






ALLIANZ CHINA STRATEGIC BONDProduct Type Collective


Management Company





0.52% to 0.70%


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.





Luxembourg that aims to provide long-term capital growth and income byinvesting in the PRC, Hong Kong, Taiwan and Macau bond markets.


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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46

• (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.



• The Fund may use financial derivative instruments for efficient portfolio management, hedging and investment purposes.







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


• You may be exposed to general market risk.o The Fund is exposed to various general trends and tendencies in the


• 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


• 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


PRO

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IGH

LIGH

TS SHEET

47

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.






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










• You may be exposed to the risk of investing in high-yield investments.o Investing in high-yield investments is normally associated with increased




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


PRO

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IGH

LIGH

TS SHEET

48

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.











Refer to Section 6 of the Prospectus for further information on fees and charges.






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).



PRO

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49

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






Emerging Markets


High-Yield Investments Type 1



PRC bond markets




Valuation/ Dealing Day

: Means each day on which banks and exchanges in Luxembourg, Hong Kong and the PRC are open for business.


PRO

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IGH

LIGH

TS SHEET

50

PRO

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IGH

LIGH

TS SHEET





out in the Prospectus.

ALLIANZ DISCOVERY EUROPE OPPORTUNITIESProduct Type Collective

Investment SchemeLaunch Date 26 April 2016

ManagementCompany





1.21% to 1.87%



average participation in price changes;o have advanced knowledge and/or experience of financial products; ando are capable of bearing a financial loss.


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.



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.


Allianz Discovery Europe Opportunities


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51

PRO

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LIGH

TS SHEET

• 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.



“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.



Refer to Section 7of the Prospectusfor further information onrisks of the product.



• 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.


• 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.


PRO

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IGH

LIGH

TS SHEET

52

PRO

DU

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IGH

LIGH

TS SHEET

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.


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


• 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






• 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.


FEES AND CHARGES


PRO

DU

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IGH

LIGH

TS SHEET

53

PRO

DU

CT H

IGH

LIGH

TS SHEET

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


Subscription Fee Up to 5% Redemption Fee/ Disinvestment Fee

Currently NIL



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.








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).



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


Refer to Sections8.8, 11 and 9 of the Prospectus for further information on valuation and exiting from the product.



PRO

DU

CT H

IGH

LIGH

TS SHEET

54

PRO

DU

CT H

IGH

LIGH

TS SHEET



Emerging Markets



: Means each day on which banks and exchanges in Luxembourg, Germany and in the United Kingdom are open for business.


PRO

DU

CT H

IGH

LIGH

TS SHEET

55

PRO

DU

CT H

IGH

LIGH

TS SHEET






ALLIANZ DYNAMIC ASIAN HIGH YIELD BOND


Management Company


Luxembourg S.C.A.

Trustee Not applicable Dealing FrequencyEvery Dealing Daywhich is a Singapore business day


0.792% to 1.55%








that aims to provide long-term capital growth and income by investing in high yield rated debt securities of Asian bond markets.



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).



Allianz Dynamic Asian High Yield Bond


PRO

DU

CT H

IGH

LIGH

TS SHEET

56

PRO

DU

CT H

IGH

LIGH

TS SHEET

• 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





(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..














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


PRO

DU

CT H

IGH

LIGH

TS SHEET

57

PRO

DU

CT H

IGH

LIGH

TS SHEET

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.























PRO

DU

CT H

IGH

LIGH

TS SHEET

58

PRO

DU

CT H

IGH

LIGH

TS SHEET




depends on the relevant share class):All-in-Fee Up to 1.50% p.a.












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





PRO

DU

CT H

IGH

LIGH

TS SHEET

59

PRO

DU

CT H

IGH

LIGH

TS SHEET



Emerging Markets









: Means each day on which banks and exchanges in Luxembourg and Singapore are open for business.


PRO

DU

CT H

IGH

LIGH

TS SHEET

60

PRO

DU

CT H

IGH

LIGH

TS SHEET






ALLIANZ DYNAMIC ASIAN INVESTMENT GRADE BOND


Launch Date 5 April 2016

Management Company





0.542% to 1.30%



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.





that aims to provide long-term capital growth and income by investing in Asian bond markets.



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


Allianz Dynamic Asian Investment Grade Bond


PRO

DU

CT H

IGH

LIGH

TS SHEET

61

PRO

DU

CT H

IGH

LIGH

TS SHEET

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.











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










requests may only be made in the manner described in the Prospectus.• You may be exposed to liquidity risk.


PRO

DU

CT H

IGH

LIGH

TS SHEET

62

PRO

DU

CT H

IGH

LIGH

TS SHEET

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.












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%








• 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



PRO

DU

CT H

IGH

LIGH

TS SHEET

63

PRO

DU

CT H

IGH

LIGH

TS SHEET

subject to minimum redemption and minimum holding amounts.• You should normally receive the sale proceeds within 6 Valuation Days after






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





Emerging Markets


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.




PRO

DU

CT H

IGH

LIGH

TS SHEET

64

PRO

DU

CT H

IGH

LIGH

TS SHEET






ALLIANZ EMERGING ASIA EQUITY


Launch Date 3 October 2008

Management Company





1.28% to 2.28%








that aims to provide long-term capital growth by investing in developing Asian equity markets, excluding Japan, Hong Kong and Singapore.



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




Parties Involved


Allianz Emerging Asia Equity


PRO

DU

CT H

IGH

LIGH

TS SHEET

65

PRO

DU

CT H

IGH

LIGH

TS SHEET

WHO ARE YOU INVESTING WITH?• The Fund is constituted as a sub-fund under the Allianz Global Investors Fund










• 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












PRO

DU

CT H

IGH

LIGH

TS SHEET

66

PRO

DU

CT H

IGH

LIGH

TS SHEET












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.








o If not, you will be paid the redemption price for the next Dealing Day.



PRO

DU

CT H

IGH

LIGH

TS SHEET

67

PRO

DU

CT H

IGH

LIGH

TS SHEET

(Please note that Singapore distributors may impose an earlier deadline to receive orders.)


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





Emerging Markets








PRO

DU

CT H

IGH

LIGH

TS SHEET

68

Allianz Emerging Markets Select Bond






ALLIANZ EMERGING MARKETS SELECT BONDProduct Type Collective


Management Company





0.79%







that aims to provide superior risks adjusted returns through a complete market cycle by investing in emerging bond markets.


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



PRO

DU

CT H

IGH

LIGH

TS SHEET

69

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).







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.




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







inability to fulfill his payment obligations in a full and timely manner and


PRO

DU

CT H

IGH

LIGH

TS SHEET

70

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






• You may be exposed to derivatives risk. o (i) The derivatives may be misvalued or may have varying valuations; (ii) the







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



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




• 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.


PRO

DU

CT H

IGH

LIGH

TS SHEET

71




Currently NIL







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








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





PRO

DU

CT H

IGH

LIGH

TS SHEET

72



Emerging Markets





: Means each day on which banks and exchanges in Luxembourg, the United Kingdom and New York are open for business.


PRO

DU

CT H

IGH

LIGH

TS SHEET

73

PRO

DU

CT H

IGH

LIGH

TS SHEET






ALLIANZ EMERGING MARKETS SHORT DURATION DEFENSIVE BONDProduct Type Collective

Investment SchemeLaunch Date 1 April 2014

Management Company





0.50% to 1.04%





Further InformationRefer toSection 5.1 oftheProspectusfor furtherinformationon productsuitability.


aims to provide long-term capital growth and income by investing in short duration debt securities of emerging bond markets denominated in USD.


Refer toSections 1, 2, 5 and 17.1 of theProspectusfor furtherinformationon features ofthe product.


Allianz Emerging Markets Short Duration Defensive Bond


PRO

DU

CT H

IGH

LIGH

TS SHEET

74

PRO

DU

CT H

IGH

LIGH

TS SHEET

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.





“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.



Refer toSection 7 of theProspectusfor further informationon risks of the product.




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



PRO

DU

CT H

IGH

LIGH

TS SHEET

75

PRO

DU

CT H

IGH

LIGH

TS SHEET

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







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.



Currently NIL

Conversion Fee Up to 5%Additional fees may be payable to Singapore distributors.



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.





• 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



PRO

DU

CT H

IGH

LIGH

TS SHEET

76

PRO

DU

CT H

IGH

LIGH

TS SHEET

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




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





Emerging Markets





: Means each day on which banks and exchanges in Luxembourg, the United Kingdom and New York are open for business.


PRO

DU

CT H

IGH

LIGH

TS SHEET

77

PRO

DU

CT H

IGH

LIGH

TS SHEET






ALLIANZ ENHANCED SHORT TERM EURO



Management Company





0.24% to 0.30%


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.





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.




Allianz Enhanced Short Term Euro


PRO

DU

CT H

IGH

LIGH

TS SHEET

78

PRO

DU

CT H

IGH

LIGH

TS SHEET

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.



• The Fund may use financial derivative instruments for efficient portfolio management, hedging purposes and investment purposes.











inability to fulfill his payment obligations in a full and timely manner andcausing such issued assets to become economically worthless.




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


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


PRO

DU

CT H

IGH

LIGH

TS SHEET

79

PRO

DU

CT H

IGH

LIGH

TS SHEET

other assets. Currency or transfer restrictions or other legal changes, for example, may be significant in this regard.










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





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


• 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.





PRO

DU

CT H

IGH

LIGH

TS SHEET

80

PRO

DU

CT H

IGH

LIGH

TS SHEET


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.











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





PRO

DU

CT H

IGH

LIGH

TS SHEET

81

PRO

DU

CT H

IGH

LIGH

TS SHEET



Emerging Markets





PRO

DU

CT H

IGH

LIGH

TS SHEET

82

PRO

DU

CT H

IGH

LIGH

TS SHEET





manner set out in the Prospectus.ALLIANZ EURO HIGH YIELD BOND


Launch Date 9 February 2010

Management Company





0.80% to 1.40%







aims to provide long-term capital growth by investing in high yield rated debt securities denominated in EUR.



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





Allianz Euro High Yield Bond


PRO

DU

CT H

IGH

LIGH

TS SHEET

83

PRO

DU

CT H

IGH

LIGH

TS SHEET

• 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.


“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.














• You may be exposed to country and region risk in Europe.o The Fund’s investments focus on Europe, which may increase the concentration




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,


PRO

DU

CT H

IGH

LIGH

TS SHEET

84

PRO

DU

CT H

IGH

LIGH

TS SHEET

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.





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



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


• 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







• You may be exposed to valuation risk. o Valuation of the Fund assets may involve uncertainties and judgmental


• 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




• 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


PRO

DU

CT H

IGH

LIGH

TS SHEET

85

PRO

DU

CT H

IGH

LIGH

TS SHEET

of the Fund.FEES AND CHARGES



Currently NIL




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.










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





PRO

DU

CT H

IGH

LIGH

TS SHEET

86

PRO

DU

CT H

IGH

LIGH

TS SHEET






: Means each day on which banks and exchanges in Luxembourg, France, and the United Kingdom are open for business.


PRO

DU

CT H

IGH

LIGH

TS SHEET

87

PRO

DU

CT H

IGH

LIGH

TS SHEET






ALLIANZ EUROLAND EQUITY GROWTH



Management Company





0.70% to 1.84%






Further InformationRefer toSection 5.1 ofthe Prospectusfor furtherinformation onproductsuitability.


that aims to provide long-term capital growth by investing in Eurozone equity markets with a focus on growth stocks.




Allianz Euroland Equity Growth


PRO

DU

CT H

IGH

LIGH

TS SHEET

88

PRO

DU

CT H

IGH

LIGH

TS SHEET

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.


Refer toSection 5 of the Prospectusfor further information on the investment strategy of the product.






Refer toSection 7 of the Prospectusfor further information onrisks of the product.



• 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






risk, currency risk, general market risk, settlement risk and custodial risk. Thelegal, taxation and regulatory environment and the accounting, auditing and


PRO

DU

CT H

IGH

LIGH

TS SHEET

89

PRO

DU

CT H

IGH

LIGH

TS SHEET

reporting standards may deviate substantially to the Fund’s detriment from the levels and standards that are considered standard international practice.














Currently NIL







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


PRO

DU

CT H

IGH

LIGH

TS SHEET

90

PRO

DU

CT H

IGH

LIGH

TS SHEET

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.






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


product.







PRO

DU

CT H

IGH

LIGH

TS SHEET

91

PRO

DU

CT H

IGH

LIGH

TS SHEET






ALLIANZ EUROPE CONVICTION EQUITY


Launch Date 7 November 2008

Management Company





0.952% to 1.85%








that aims to provide long-term capital growth by investing in European equity markets.




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


Allianz Europe Conviction Equity


PRO

DU

CT H

IGH

LIGH

TS SHEET

92

PRO

DU

CT H

IGH

LIGH

TS SHEET

or extensively in financial derivative instruments for investment purposes.

for further information on the investment strategy of the product.



Refer toSections 1, 3 and 4.4 of theProspectusfor further information on the role and responsibilities of these entities.








• You may be exposed to country and region risk in Europe.o The Fund’s investments focus on Europe, which may increase the







PRO

DU

CT H

IGH

LIGH

TS SHEET

93

PRO

DU

CT H

IGH

LIGH

TS SHEET

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.













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%








• 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



PRO

DU

CT H

IGH

LIGH

TS SHEET

94

PRO

DU

CT H

IGH

LIGH

TS SHEET

subject to minimum redemption and minimum holding amounts.• You should normally receive the sale proceeds within 6 Valuation Days after






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








PRO

DU

CT H

IGH

LIGH

TS SHEET

95

PRO

DU

CT H

IGH

LIGH

TS SHEET






ALLIANZ EUROPE EQUITY GROWTH



Management Company





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.







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



Allianz Europe Equity Growth


PRO

DU

CT H

IGH

LIGH

TS SHEET

96

PRO

DU

CT H

IGH

LIGH

TS SHEET


European equity markets, with a focus on growth stocks.• The Fund may invest in financial derivative instruments for efficient



















PRO

DU

CT H

IGH

LIGH

TS SHEET

97

PRO

DU

CT H

IGH

LIGH

TS SHEET














Currently NIL


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








• 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



PRO

DU

CT H

IGH

LIGH

TS SHEET

98

PRO

DU

CT H

IGH

LIGH

TS SHEET

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




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








PRO

DU

CT H

IGH

LIGH

TS SHEET

99

PRO

DU

CT H

IGH

LIGH

TS SHEET






ALLIANZ EUROPE EQUITY GROWTH SELECT


Launch Date 2 May 2013

Management Company





0.95% to 1.84%








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



Allianz Europe Equity Growth Select


PRO

DU

CT H

IGH

LIGH

TS SHEET

100

PRO

DU

CT H

IGH

LIGH

TS SHEET


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.


















PRO

DU

CT H

IGH

LIGH

TS SHEET

101

PRO

DU

CT H

IGH

LIGH

TS SHEET

















Currently NIL




The fees and expenses of the investment manager, central administration



PRO

DU

CT H

IGH

LIGH

TS SHEET

102

PRO

DU

CT H

IGH

LIGH

TS SHEET

agent and depositary will be covered by the All-in-Fee payable to the Management Company.










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







: Means each day on which banks and exchanges in Luxembourg and Germany are open for business.


PRO

DU

CT H

IGH

LIGH

TS SHEET

103

PRO

DU

CT H

IGH

LIGH

TS SHEET





out in the Prospectus.ALLIANZ EUROPE INCOME AND GROWTH



Management Company





1.442% to 1.54%






Further InformationRefer to Section 5.1of the Prospectusfor furtherinformation onproduct suitability.


that aims to provide long term capital growth and income by investing inEuropean corporate debt securities and equities.


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


PRO

DU

CT H

IGH

LIGH

TS SHEET

104

PRO

DU

CT H

IGH

LIGH

TS SHEET

invested in money-market instruments and/or (up to 10% of Fund assets) in money market funds.






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.



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






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



risk, currency risk, general market risk, settlement risk and custodial risk. The legal, taxation and regulatory environment and the accounting, auditing and


PRO

DU

CT H

IGH

LIGH

TS SHEET

105

PRO

DU

CT H

IGH

LIGH

TS SHEET


• You may also be exposed to general market risk, creditworthiness risk and issuer default risk.


















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.


fluctuations in the value and the rental income received in respect of the underlying property. This risk applies when investments are made through


PRO

DU

CT H

IGH

LIGH

TS SHEET

106

PRO

DU

CT H

IGH

LIGH

TS SHEET

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.




Currently NIL














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


Refer to Sections8.8, 11 and 9 of the Prospectus for further information on valuation and exiting from the product.



PRO

DU

CT H

IGH

LIGH

TS SHEET

107

PRO

DU

CT H

IGH

LIGH

TS SHEET



Emerging Markets







: Means each day on which banks and exchanges in Luxembourg, France, Germany and the United Kingdom are open for business.


PRO

DU

CT H

IGH

LIGH

TS SHEET

108

PRO

DU

CT H

IGH

LIGH

TS SHEET






ALLIANZ EUROPEAN EQUITY DIVIDEND


Launch Date 10 March 2009

Management Company





0.95% to 1.84%


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.



Further InformationRefer to Section5.1 of theProspectus for further informationon productsuitability.


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



Allianz European Equity Dividend


PRO

DU

CT H

IGH

LIGH

TS SHEET

109

PRO

DU

CT H

IGH

LIGH

TS SHEET


companies of European equity markets that are expected to achieve sustainable dividend returns.



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..






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.







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.


PRO

DU

CT H

IGH

LIGH

TS SHEET

110

PRO

DU

CT H

IGH

LIGH

TS SHEET














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 to Sections 8.8, 11and 9 of the Prospectus for further information on valuation and


PRO

DU

CT H

IGH

LIGH

TS SHEET

111

PRO

DU

CT H

IGH

LIGH

TS SHEET








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


exiting from the product.







PRO

DU

CT H

IGH

LIGH

TS SHEET

112

PRO

DU

CT H

IGH

LIGH

TS SHEET






ALLIANZ FLEXI ASIA BOND

Product Type Collective Investment Scheme Launch Date 3 July 2012

Management Company


Luxembourg S.C.A.



0.79% to 1.52%







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.



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



Allianz Flexi Asia Bond


PRO

DU

CT H

IGH

LIGH

TS SHEET

113

PRO

DU

CT H

IGH

LIGH

TS SHEET

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.









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 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


PRO

DU

CT H

IGH

LIGH

TS SHEET

114

PRO

DU

CT H

IGH

LIGH

TS SHEET

event or development in and risks of this region, or of companies based and / or operating in this region.










• 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










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 net asset value of the Fund may likely have a high volatility due to the investment policies or portfolio management techniques employed in


PRO

DU

CT H

IGH

LIGH

TS SHEET

115

PRO

DU

CT H

IGH

LIGH

TS SHEET

respect of the Fund.















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





PRO

DU

CT H

IGH

LIGH

TS SHEET

116

PRO

DU

CT H

IGH

LIGH

TS SHEET



Emerging Markets






Investment Grade







PRO

DU

CT H

IGH

LIGH

TS SHEET

117

PRO

DU

CT H

IGH

LIGH

TS SHEET






ALLIANZ GEM EQUITY HIGH DIVIDEND


Launch Date 29 May 2007

Management Company





1.29% to 2.29%








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



Allianz GEM Equity High Dividend


PRO

DU

CT H

IGH

LIGH

TS SHEET

118

PRO

DU

CT H

IGH

LIGH

TS SHEET

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 “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.















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


PRO

DU

CT H

IGH

LIGH

TS SHEET

119

PRO

DU

CT H

IGH

LIGH

TS SHEET

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.









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.










Refer to Section 6of the Prospectusfor further information onfees and charges..


PRO

DU

CT H

IGH

LIGH

TS SHEET

120

PRO

DU

CT H

IGH

LIGH

TS SHEET










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






Emerging Markets






: Means each day on which banks and exchanges in Luxembourg and New York are open for business.


PRO

DU

CT H

IGH

LIGH

TS SHEET

121

PRO

DU

CT H

IGH

LIGH

TS SHEET






ALLIANZ GLOBAL AGRICULTURAL TRENDS



Management Company





1.782% to 2.10%








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.



Allianz Global Agricultural Trends


PRO

DU

CT H

IGH

LIGH

TS SHEET

122

PRO

DU

CT H

IGH

LIGH

TS SHEET

*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.
















PRO

DU

CT H

IGH

LIGH

TS SHEET

123

PRO

DU

CT H

IGH

LIGH

TS SHEET















Currently NIL






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


PRO

DU

CT H

IGH

LIGH

TS SHEET

124

PRO

DU

CT H

IGH

LIGH

TS SHEET

• 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.







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


information on valuation and exiting from the product.




Emerging Markets





PRO

DU

CT H

IGH

LIGH

TS SHEET

125

PRO

DU

CT H

IGH

LIGH

TS SHEET






ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE

Product Type Collective Investment Scheme Launch Date 31 March 2017

Management Company


Luxembourg S.C.A.



0.992% to 2.072%








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.




Allianz Global Artificial Intelligence


PRO

DU

CT H

IGH

LIGH

TS SHEET

126

PRO

DU

CT H

IGH

LIGH

TS SHEET

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



















PRO

DU

CT H

IGH

LIGH

TS SHEET

127

PRO

DU

CT H

IGH

LIGH

TS SHEET





• 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.








Currently NIL







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


PRO

DU

CT H

IGH

LIGH

TS SHEET

128

PRO

DU

CT H

IGH

LIGH

TS SHEET








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






Emerging Markets





PRO

DU

CT H

IGH

LIGH

TS SHEET

129

PRO

DU

CT H

IGH

LIGH

TS SHEET






ALLIANZ GLOBAL BOND

Product Type Collective Investment Scheme Launch Date 5 November 2015

Management Company


Luxembourg S.C.A.



0.63% to 1.18%







that aims to provide a long-term capital growth by investing in global bond markets.



Investment Strategy• The Fund assets are primarily invested in global bond markets.• On a temporary basis for liquidity management and/or defensive purpose



• The Fund may use financial derivative instruments for efficient portfolio



Allianz Global Bond


PRO

DU

CT H

IGH

LIGH

TS SHEET

130

PRO

DU

CT H

IGH

LIGH

TS SHEET

management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes.





















PRO

DU

CT H

IGH

LIGH

TS SHEET

131

PRO

DU

CT H

IGH

LIGH

TS SHEET
















• 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



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.



FEES AND CHARGES


PRO

DU

CT H

IGH

LIGH

TS SHEET

132

PRO

DU

CT H

IGH

LIGH

TS SHEET

















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





PRO

DU

CT H

IGH

LIGH

TS SHEET

133

PRO

DU

CT H

IGH

LIGH

TS SHEET






: (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.


PRO

DU

CT H

IGH

LIGH

TS SHEET

134

PRO

DU

CT H

IGH

LIGH

TS SHEET






ALLIANZ GLOBAL CREDITProduct Type Collective

Investment SchemeLaunch Date 4 November 2016

Management Company





0.452% to 1.042%







that aims to provide long-term capital growth by investing in global bond markets.



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



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


PRO

DU

CT H

IGH

LIGH

TS SHEET

135

PRO

DU

CT H

IGH

LIGH

TS SHEET










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












• Your right to redemption may be deferred or suspended under certaincircumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.


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


PRO

DU

CT H

IGH

LIGH

TS SHEET

136

PRO

DU

CT H

IGH

LIGH

TS SHEET

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










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.













PRO

DU

CT H

IGH

LIGH

TS SHEET

137

PRO

DU

CT H

IGH

LIGH

TS SHEET


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





Emerging Markets




Investment Grade



: Means each day on which banks and exchanges in Luxembourg and the United Kingdom are open for business.


PRO

DU

CT H

IGH

LIGH

TS SHEET

138

Allianz Global Dividend






ALLIANZ GLOBAL DIVIDENDProduct Type Collective

Investment SchemeLaunch Date 15 May 2015

Management Company





0.962% to 1.83%








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


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.


PRO

DU

CT H

IGH

LIGH

TS SHEET

139


further information on the investment strategy of the product.


(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..





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


• 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








PRO

DU

CT H

IGH

LIGH

TS SHEET

140

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









Currently NIL














PRO

DU

CT H

IGH

LIGH

TS SHEET

141




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





Emerging Markets



: Means each day on which banks and exchanges in Luxembourg, Germany and New York are open for business.


PRO

DU

CT H

IGH

LIGH

TS SHEET

142

PRO

DU

CT H

IGH

LIGH

TS SHEET






ALLIANZ GLOBAL EQUITY


Launch Date 13 June 2000

Management Company





0.912% to 1.81%




• The Fund may not be suitable for investors who wish to withdrawal their capital from the Fund within a short or medium timeframe.o




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”,



Allianz Global Equity


PRO

DU

CT H

IGH

LIGH

TS SHEET

143

PRO

DU

CT H

IGH

LIGH

TS SHEET

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
















Refer toSections 1, 3 and 4.4 of theProspectus for further information onthe role and responsibilitiesof these entities.


PRO

DU

CT H

IGH

LIGH

TS SHEET

144

PRO

DU

CT H

IGH

LIGH

TS SHEET















Currently NIL







PRO

DU

CT H

IGH

LIGH

TS SHEET

145

PRO

DU

CT H

IGH

LIGH

TS SHEET










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






Emerging Markets





PRO

DU

CT H

IGH

LIGH

TS SHEET

146

PRO

DU

CT H

IGH

LIGH

TS SHEET






ALLIANZ GLOBAL EQUITY INSIGHTS



Management Company





1.072% to 2.092%








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



Allianz Global Equity Insights


PRO

DU

CT H

IGH

LIGH

TS SHEET

147

PRO

DU

CT H

IGH

LIGH

TS SHEET

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















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.




requests may only be made in the manner described in the Prospectus.


PRO

DU

CT H

IGH

LIGH

TS SHEET

148

PRO

DU

CT H

IGH

LIGH

TS SHEET

• You may be exposed to liquidity risk.o The Fund may invest in illiquid securities. Even relatively small orders of






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 of investing in China A-Shares. o The Fund assets may be invested in China A-Shares. The securities market


• You may be exposed to PRC tax risk. o It is possible that the current tax laws, regulations and practices in the PRC



• You may be exposed to the risks of using Stock Connect programmes. o The regulations relating to the Stock Connect programmes are untested and





PRO

DU

CT H

IGH

LIGH

TS SHEET

149

PRO

DU

CT H

IGH

LIGH

TS SHEET



Currently NIL















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





PRO

DU

CT H

IGH

LIGH

TS SHEET

150

PRO

DU

CT H

IGH

LIGH

TS SHEET



Emerging Markets



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”).



: Means each day on which banks and exchanges in Luxembourg, Germany and New York are open of business.


PRO

DU

CT H

IGH

LIGH

TS SHEET

151

PRO

DU

CT H

IGH

LIGH

TS SHEET






ALLIANZ GLOBAL EQUITY UNCONSTRAINED



Management Company





1.09% to 2.10%








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.



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


Allianz Global Equity Unconstrained


PRO

DU

CT H

IGH

LIGH

TS SHEET

152

PRO

DU

CT H

IGH

LIGH

TS SHEET

• A maximum of 50% of Fund assets may be invested in Emerging Markets.• The Fund may invest in financial derivative instruments for efficient






















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


PRO

DU

CT H

IGH

LIGH

TS SHEET

153

PRO

DU

CT H

IGH

LIGH

TS SHEET

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.





asset value of the share class:Subscription Fee Up to 5% Redemption Fee/ Disinvestment Fee

Currently NIL


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.










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




PRO

DU

CT H

IGH

LIGH

TS SHEET

154

PRO

DU

CT H

IGH

LIGH

TS SHEET




Emerging Markets





PRO

DU

CT H

IGH

LIGH

TS SHEET

155

Allianz Global Fundamental Strategy






ALLIANZ GLOBAL FUNDAMENTAL STRATEGYProduct Type Collective

Investment SchemeLaunch Date 28 February 2013

Management Company





0.56% to 1.412%







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.



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



PRO

DU

CT H

IGH

LIGH

TS SHEET

156

• 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 “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..








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.


PRO

DU

CT H

IGH

LIGH

TS SHEET

157






Product-Specific Risks• You may be exposed to derivatives risk.o (i) The derivatives may be misvalued or may have varying valuations; (ii) the




• 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.






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


PRO

DU

CT H

IGH

LIGH

TS SHEET

158

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 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.




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










PRO

DU

CT H

IGH

LIGH

TS SHEET

159






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






Emerging Markets



: 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.





: Means each day on which banks and exchanges in Luxembourg the United States are open for business.


PRO

DU

CT H

IGH

LIGH

TS SHEET

160

Allianz Global High Yield






ALLIANZ GLOBAL HIGH YIELDProduct Type Collective


Management Company





0.582% to 1.402%







that aims to provide long-term capital growth by investing in high yield rated debt securities of global bond markets.



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



PRO

DU

CT H

IGH

LIGH

TS SHEET

161

• (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).



• 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.


product.

















PRO

DU

CT H

IGH

LIGH

TS SHEET

162























PRO

DU

CT H

IGH

LIGH

TS SHEET

163









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






Emerging Markets







PRO

DU

CT H

IGH

LIGH

TS SHEET

164

PRO

DU

CT H

IGH

LIGH

TS SHEET






ALLIANZ GLOBAL HI-TECH GROWTH



Management Company





2.09%








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



Allianz Global Hi-Tech Growth


PRO

DU

CT H

IGH

LIGH

TS SHEET

165

PRO

DU

CT H

IGH

LIGH

TS SHEET

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.




















PRO

DU

CT H

IGH

LIGH

TS SHEET

166

PRO

DU

CT H

IGH

LIGH

TS SHEET








• 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.











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


PRO

DU

CT H

IGH

LIGH

TS SHEET

167

PRO

DU

CT H

IGH

LIGH

TS SHEET








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


valuation and exiting from the product.




Emerging Markets





PRO

DU

CT H

IGH

LIGH

TS SHEET

168

PRO

DU

CT H

IGH

LIGH

TS SHEET






ALLIANZ GLOBAL METALS AND MINING



Management Company





0.96% to 1.84%








that aims to provide long-term capital growth by investing in global equity markets with a focus on natural resources-related companies.




Allianz Global Metals and Mining


PRO

DU

CT H

IGH

LIGH

TS SHEET

169

PRO

DU

CT H

IGH

LIGH

TS SHEET


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.




















PRO

DU

CT H

IGH

LIGH

TS SHEET

170

PRO

DU

CT H

IGH

LIGH

TS SHEET







• 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.






Currently NIL








Refer to Sections 8.8,11 and 9 of the Prospectus for further information on valuation and


PRO

DU

CT H

IGH

LIGH

TS SHEET

171

PRO

DU

CT H

IGH

LIGH

TS SHEET








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






Emerging Markets





PRO

DU

CT H

IGH

LIGH

TS SHEET

172

Allianz Global Multi-Asset Credit






ALLIANZ GLOBAL MULTI-ASSET CREDITProduct Type Collective

Investment Scheme Launch Date 31 October 2016

Management Company


Luxembourg S.C.A.



0.532% to 1.152%







that aims to provide long-term returns in excess of 3 months USD Libor by investing in global bond markets.



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



PRO

DU

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IGH

LIGH

TS SHEET

173

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).



• 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.


strategy of the product.













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


PRO

DU

CT H

IGH

LIGH

TS SHEET

174

over the counter financial derivative instruments and other transactions based on techniques and instruments.














• 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 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.



• The net asset value of the Fund may likely have a high volatility due to


PRO

DU

CT H

IGH

LIGH

TS SHEET

175

the investment policies or portfolio management techniques employed in respect of the Fund.


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.












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





PRO

DU

CT H

IGH

LIGH

TS SHEET

176



Emerging Markets







PRO

DU

CT H

IGH

LIGH

TS SHEET

177

PRO

DU

CT H

IGH

LIGH

TS SHEET






ALLIANZ GLOBAL SMALL CAP EQUITY


Launch Date 18 June 2013

Management Company





0.80% to 2.09%








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



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


Allianz Global Small Cap Equity


PRO

DU

CT H

IGH

LIGH

TS SHEET

178

PRO

DU

CT H

IGH

LIGH

TS SHEET

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.


product.



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 toSection 7 of theProspectus forfurther information onrisks of the product.













• 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


PRO

DU

CT H

IGH

LIGH

TS SHEET

179

PRO

DU

CT H

IGH

LIGH

TS SHEET

reduce risk diversification. Consequently, the Fund may be particularly dependent on the development of these markets or related markets or companies of such markets.



















Currently NIL







PRO

DU

CT H

IGH

LIGH

TS SHEET

180

PRO

DU

CT H

IGH

LIGH

TS SHEET










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






Emerging Markets








PRO

DU

CT H

IGH

LIGH

TS SHEET

181

PRO

DU

CT H

IGH

LIGH

TS SHEET






ALLIANZ GLOBAL SUSTAINABILITY


Launch Date 2 January 2003

Management Company





1.01% to 1.84%








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.




Allianz Global Sustainability


PRO

DU

CT H

IGH

LIGH

TS SHEET

182

PRO

DU

CT H

IGH

LIGH

TS SHEET

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.




















PRO

DU

CT H

IGH

LIGH

TS SHEET

183

PRO

DU

CT H

IGH

LIGH

TS SHEET





















• 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



PRO

DU

CT H

IGH

LIGH

TS SHEET

184

PRO

DU

CT H

IGH

LIGH

TS SHEET

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




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





Emerging Markets





PRO

DU

CT H

IGH

LIGH

TS SHEET

185

PRO

DU

CT H

IGH

LIGH

TS SHEET






ALLIANZ HIGH DIVIDEND ASIA PACIFIC EQUITY


Launch Date 7 January 2016

Management Company





0.91% to 2.10%






Further Information

Refer toSection 5.1 ofthe Prospectusfor furtherinformation onproductsuitability.


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



Allianz High Dividend Asia Pacific Equity


PRO

DU

CT H

IGH

LIGH

TS SHEET

186

PRO

DU

CT H

IGH

LIGH

TS SHEET

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.













• 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








PRO

DU

CT H

IGH

LIGH

TS SHEET

187

PRO

DU

CT H

IGH

LIGH

TS SHEET


• 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.
















Subscription Fee Up to 5%Redemption Fee/ Disinvestment Fee Currently NIL Conversion Fee Up to 5%



The fees and expenses of the investment manager, central administration agentand depositary will be covered by the All-in-Fee payable to the Management



PRO

DU

CT H

IGH

LIGH

TS SHEET

188

PRO

DU

CT H

IGH

LIGH

TS SHEET

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.









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






Emerging Markets








PRO

DU

CT H

IGH

LIGH

TS SHEET

189

PRO

DU

CT H

IGH

LIGH

TS SHEET






ALLIANZ HONG KONG EQUITY



Management Company





1.08% to 2.09%






Further Information

Refer toSection 5.1 ofthe Prospectusfor furtherinformation onproductsuitability.


that aims to provide long-term capital growth by investing in Hong Kong equity markets.




Allianz Hong Kong Equity


PRO

DU

CT H

IGH

LIGH

TS SHEET

190

PRO

DU

CT H

IGH

LIGH

TS SHEET

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














• You may be exposed to country risk in Hong Kong.o The Fund’s investments focus on Hong Kong, which may increase the



Days in the manner described in the Prospectus.o There is no secondary market in Singapore for the Fund.





PRO

DU

CT H

IGH

LIGH

TS SHEET

191

PRO

DU

CT H

IGH

LIGH

TS SHEET


















Subscription Fee Up to 5%Redemption Fee/ Disinvestment Fee Currently NIL

Refer toSection 6 of theProspectus for further information onfees and


PRO

DU

CT H

IGH

LIGH

TS SHEET

192

PRO

DU

CT H

IGH

LIGH

TS SHEET





charges.










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





PRO

DU

CT H

IGH

LIGH

TS SHEET

193

PRO

DU

CT H

IGH

LIGH

TS SHEET



Emerging Markets








PRO

DU

CT H

IGH

LIGH

TS SHEET

194

PR

OD

UC

T HIG

HLIG

HTS SH

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





0.85% to 1.582%


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


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


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


PRO

DU

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IGH

LIGH

TS SHEET

195

PR

OD

UC

T HIG

HLIG

HTS SH

EET market funds.




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..


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:


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


• 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


• You may be exposed to currency risk. o The Fund may hold assets or have a share class denominated in foreign


• You may be exposed to issuer default risk. o The issuer of securities held by the Fund may become insolvent causing its


• 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



PRO

DU

CT H

IGH

LIGH

TS SHEET

196

PR

OD

UC

T HIG

HLIG

HTS SH

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


• You may be exposed to derivatives risk. o (i) The derivatives may be misvalued or may have varying valuations; (ii) the use


• 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


• 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


• You may be exposed to downgrading risk. o The credit rating of interest bearing securities held by the Fund may be


• 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


• You may be exposed to valuation risk. o Valuation of the Fund assets may involve uncertainties and judgmental


• 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


• 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.



PRO

DU

CT H

IGH

LIGH

TS SHEET

197

PR

OD

UC

T HIG

HLIG

HTS SH

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


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




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




• Your redemption price is determined as follows: o If your redemption request is received by the Singapore Representative before 5


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.)


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



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 [email protected].


PRO

DU

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IGH

LIGH

TS SHEET

198

PR

OD

UC

T HIG

HLIG

HTS SH

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









PRO

DU

CT H

IGH

LIGH

TS SHEET

199

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 INDIA EQUITY



Management Company





1.29%


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.



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



Allianz India Equity


PRO

DU

CT H

IGH

LIGH

TS SHEET

200

PRO

DU

CT H

IGH

LIGH

TS SHEET

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



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..




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


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


You may be exposed to currency risk. o The Fund may hold assets or have a share class denominated in foreign


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


PRO

DU

CT H

IGH

LIGH

TS SHEET

201

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. You may be exposed to liquidity risk. o The Fund may invest in illiquid securities. Even relatively small orders of


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


You may be exposed to derivatives risk. o (i) The derivatives may be misvalued or may have varying valuations; (ii) the


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


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



Currently NIL


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.




PRO

DU

CT H

IGH

LIGH

TS SHEET

202

PRO

DU

CT H

IGH

LIGH

TS SHEET

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,


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



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




APPENDIX: GLOSSARY OF TERMS Business Day : Means each day on which banks and exchanges in Luxembourg are open


Emerging Markets



: Means each day on which banks and exchanges in Luxembourg and India are open for business.


PRO

DU

CT H

IGH

LIGH

TS SHEET

203

PRO

DU

CT H

IGH

LIGH

TS SHEET






ALLIANZ INDONESIA EQUITY



Management Company





2.30%








that aims to provide long-term capital growth by investing in Indonesian equity markets.




Allianz Indonesia Equity


PRO

DU

CT H

IGH

LIGH

TS SHEET

204

PRO

DU

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










You may be exposed to country risk in Indonesia. o The Fund’s investments focus on Indonesia, which may increase the







PRO

DU

CT H

IGH

LIGH

TS SHEET

205

PRO

DU

CT H

IGH

LIGH

TS SHEET



requests may only be made in the manner described in the Prospectus. Your right to redemption may be deferred or suspended under certain












Currently NIL









Refer to Sections 8.8, 11 and 9 of the Prospectus for further information on valuation and exiting from the


PRO

DU

CT H

IGH

LIGH

TS SHEET

206

PRO

DU

CT H

IGH

LIGH

TS SHEET



Your redemption price is determined as follows: o If your redemption request is received by the Singapore Representative before




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


product.




Emerging Markets



: Means each day on which banks and exchanges in Luxembourg and Indonesia are open for business.


PRO

DU

CT H

IGH

LIGH

TS SHEET

207

PRO

DU

CT H

IGH

LIGH

TS SHEET






ALLIANZ JAPAN EQUITY



Management Company





0.96% to 1.85%








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



Allianz Japan Equity


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




(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..








You may be exposed to country risk in Japan. o The Fund’s investments focus on Japan, which may increase the





PRO

DU

CT H

IGH

LIGH

TS SHEET

209

PRO

DU

CT H

IGH

LIGH

TS SHEET













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







You can exit the Fund by submitting to the Singapore Representative or



PRO

DU

CT H

IGH

LIGH

TS SHEET

210

PRO

DU

CT H

IGH

LIGH

TS SHEET







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


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 [email protected].



Emerging Markets



: Means each day on which banks and exchanges in Luxembourg, Germany and Japan are open for business.


PRO

DU

CT H

IGH

LIGH

TS SHEET

211

PRO

DU

CT H

IGH

LIGH

TS SHEET






ALLIANZ KOREA EQUITY



Management Company





2.29%








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



Allianz Korea Equity


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












You may be exposed to country risk in Korea. o The Fund’s investments focus on Korea, which may increase the





PRO

DU

CT H

IGH

LIGH

TS SHEET

213

PRO

DU

CT H

IGH

LIGH

TS SHEET













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%











PRO

DU

CT H

IGH

LIGH

TS SHEET

214

PRO

DU

CT H

IGH

LIGH

TS SHEET







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





Emerging Markets



: Means each day on which banks and exchanges in Luxembourg and Korea are open for business.


PRO

DU

CT H

IGH

LIGH

TS SHEET

215

PRO

DU

CT H

IGH

LIGH

TS SHEET






ALLIANZ LITTLE DRAGONS


Management Company





2.12% to 3.13%








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.




Allianz Little Dragons


PRO

DU

CT H

IGH

LIGH

TS SHEET

216

PRO

DU

CT H

IGH

LIGH

TS SHEET

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


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.









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





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


PRO

DU

CT H

IGH

LIGH

TS SHEET

217

PRO

DU

CT H

IGH

LIGH

TS SHEET

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 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


You may be exposed to PRC tax risk. o It is possible that the current tax laws, regulations and practices in the PRC



You may be exposed to the risks of using Stock Connect programmes. o The regulations relating to the Stock Connect programmes are untested and



The net asset value of the Fund may likely have a high volatility due to the


PRO

DU

CT H

IGH

LIGH

TS SHEET

218

PRO

DU

CT H

IGH

LIGH

TS SHEET

investment policies or portfolio management techniques employed in respect of the Fund.

















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





PRO

DU

CT H

IGH

LIGH

TS SHEET

219

PRO

DU

CT H

IGH

LIGH

TS SHEET



Emerging Markets








PRO

DU

CT H

IGH

LIGH

TS SHEET

220

PRO

DU

CT H

IGH

LIGH

TS SHEET






ALLIANZ ORIENTAL INCOMEProduct Type Collective Investment

SchemeLaunch Date 3 October 2008

Management Company Allianz Global Investors GmbH




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.


average participation in price changes;o have basic knowledge and/or experience of financial products; ando are capable of bearing a financial loss.





aims to provide long-term capital growth by investing in Asia-Pacific equity and bond markets.



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


Allianz Oriental Income


PRO

DU

CT H

IGH

LIGH

TS SHEET

221

PRO

DU

CT H

IGH

LIGH

TS SHEET

• 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.






“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..





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




• 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.


PRO

DU

CT H

IGH

LIGH

TS SHEET

222

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


• 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.




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


• You may be exposed to PRC tax risk. o It is possible that the current tax laws, regulations and practices in the PRC will


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 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


PRO

DU

CT H

IGH

LIGH

TS SHEET

223

PRO

DU

CT H

IGH

LIGH

TS SHEET

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.


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.




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.



• 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).


• 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





PRO

DU

CT H

IGH

LIGH

TS SHEET

224

PRO

DU

CT H

IGH

LIGH

TS SHEET



Emerging Markets








PRO

DU

CT H

IGH

LIGH

TS SHEET

225

Allianz Renminbi Fixed Income





manner set out in the Prospectus.ALLIANZ RENMINBI FIXED INCOME

Product Type Collective Investment Scheme Launch Date 10 June 2011

Management Company


Luxembourg S.C.A.



0.45% to 1.04%


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.





Luxembourg that aims to provide long-term capital growth by investing in bond markets of the PRC, denominated in CNY.



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.




PRO

DU

CT H

IGH

LIGH

TS SHEET

226









Refer to Section 7of the Prospectusfor further information onrisks of the product.







• You may be exposed to country risk in the PRC.o The Fund’s investments focus on the PRC, which may increase the







PRO

DU

CT H

IGH

LIGH

TS SHEET

227























• 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


PRO

DU

CT H

IGH

LIGH

TS SHEET

228

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.





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.





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










PRO

DU

CT H

IGH

LIGH

TS SHEET

229

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






Emerging Markets





PRC bond markets





: Means each day on which banks and exchanges in Luxembourg, Hong Kong and the PRC are open for business.


PRO

DU

CT H

IGH

LIGH

TS SHEET

230

Allianz Selective Global High Yield






ALLIANZ SELECTIVE GLOBAL HIGH YIELD


Management Company


Luxembourg S.C.A.



0.582% to 1.402%







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.



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



PRO

DU

CT H

IGH

LIGH

TS SHEET

231

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


















• You may be exposed to currency risk.


PRO

DU

CT H

IGH

LIGH

TS SHEET

232

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.





• Your right to redemption may be deferred or suspended under certaincircumstances highlighted in paragraphs 9.3 and 12 of the Prospectus.














Subscription Fee Up to 3%Redemption Fee/ Disinvestment Fee Currently NIL Conversion Fee Up to 3%



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233












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






Emerging Markets





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234

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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


ALLIANZ SHORT DURATION GLOBAL REAL ESTATE BOND Product Type Collective

Investment Scheme Launch Date 4 November 2016

Management Company





0.462% to 1.062%


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.




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.



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



Allianz Short Duration Global Real Estate Bond


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235

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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.


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..




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


You may be exposed to general market risk. o The Fund is exposed to various general trends and tendencies in the


You may be exposed to counterparty risk. o To the extent that transactions for the Fund are not handled through a stock









Product-Specific Risks


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LIGH

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236

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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


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


You may be exposed to company-specific risk. o The value of the Fund’s assets may drop significantly and for an extended


You may be exposed to derivatives risk. o (i) The derivatives may be misvalued or may have varying valuations; (ii)


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





Currently NIL





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.




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).



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


product.




Emerging Markets


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.


: Each day on which banks and exchanges in Luxembourg / the United Kingdom are open for business.


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238

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ALLIANZ TARGET MATURITY BOND - ASIA


Launch Date Not yet launched

Management Company



Trustee Not applicable Dealing Frequency Every Dealing Day which is a Singapore business day up to, but not including, the Maturity Date2


Not available


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




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


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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239

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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



The Fund may use financial derivative instruments for efficient portfolio management, hedging and investment purposes.

investment strategy of the product.


(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..




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


You may be exposed to general market risk. o The Fund is exposed to various general trends and tendencies in the economic








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



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LIGH

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240

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LIGH

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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


You may be exposed to company-specific risk. o The value of the Fund’s assets may drop significantly and for an extended






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.



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.



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,


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,



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LIGH

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241

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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.)


$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).



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




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.




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IGH

LIGH

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242

PRO

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LIGH

TS SHEET






ALLIANZ THAILAND EQUITY



Management Company





1.29% to 2.30%








that aims to provide long-term capital growth by investing in equity markets of Thailand.




Allianz Thailand Equity


PRO

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IGH

LIGH

TS SHEET

243

PRO

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IGH

LIGH

TS SHEET

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










You may be exposed to country risk in Thailand. o The Fund’s investments focus on Thailand, which may increase the







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IGH

LIGH

TS SHEET

244

PRO

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IGH

LIGH

TS SHEET

























PRO

DU

CT H

IGH

LIGH

TS SHEET

245

PRO

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IGH

LIGH

TS SHEET







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





Emerging Markets



: Means each day on which banks and exchanges in Luxembourg and Thailand are open for business.


PRO

DU

CT H

IGH

LIGH

TS SHEET

246

PRO

DU

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IGH

LIGH

TS SHEET






ALLIANZ TIGER Product Type Collective Investment

Scheme Launch Date 3 October 2008

Management Company





2.26%


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.




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.




Allianz Tiger


PRO

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IGH

LIGH

TS SHEET

247

PRO

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LIGH

TS SHEET

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.


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..




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


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


PRO

DU

CT H

IGH

LIGH

TS SHEET

248

PRO

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IGH

LIGH

TS SHEET

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


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



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


You may be exposed to derivatives risk. o (i) The derivatives may be misvalued or may have varying valuations; (ii) the use




You may be exposed to PRC tax risk. o It is possible that the current tax laws, regulations and practices in the PRC will



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


You may be exposed to the risks of using Stock Connect programmes. o The regulations relating to the Stock Connect programmes are untested and





PRO

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IGH

LIGH

TS SHEET

249

PRO

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LIGH

TS SHEET




Currently NIL


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





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




Your redemption price is determined as follows: o If your redemption request is received by the Singapore Representative before 5




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





PRO

DU

CT H

IGH

LIGH

TS SHEET

250

PRO

DU

CT H

IGH

LIGH

TS SHEET



Emerging Markets








PRO

DU

CT H

IGH

LIGH

TS SHEET

251

PRO

DU

CT H

IGH

LIGH

TS SHEET






ALLIANZ TOTAL RETURN ASIAN EQUITY



Management Company





1.04% to 2.052%




o have basic knowledge and/or experience of financial products; ando are capable of bearing a financial loss.





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.




Allianz Total Return Asian Equity


PRO

DU

CT H

IGH

LIGH

TS SHEET

252

PRO

DU

CT H

IGH

LIGH

TS SHEET

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


• 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.











• 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.




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


PRO

DU

CT H

IGH

LIGH

TS SHEET

253

PRO

DU

CT H

IGH

LIGH

TS SHEET

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.
















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







o The Fund will also be subject to other risks in connection with its investments


PRO

DU

CT H

IGH

LIGH

TS SHEET

254

PRO

DU

CT H

IGH

LIGH

TS SHEET

in China A-Shares via Stock Connect programmes such as regulatory risks, taxation risk and RMB currency risk in relation to Stock Connect programmes.




Sales charge Up to 5% Redemption fee/ Disinvestment fee Currently NIL Conversion fee Up to 5%














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





PRO

DU

CT H

IGH

LIGH

TS SHEET

255

PRO

DU

CT H

IGH

LIGH

TS SHEET



Emerging Markets



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”).





PRO

DU

CT H

IGH

LIGH

TS SHEET

256

PRO

DU

CT H

IGH

LIGH

TS SHEET






ALLIANZ US EQUITY DIVIDEND



Management Company





1.84% to 1.85%


PRODUCT SUITABILITY WHO IS THE PRODUCT SUITABLE FOR? The Fund is only suitable for investors who:


o have basic knowledge and/or experience of financial products; and o are capable of bearing a financial loss.





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



Allianz US Equity Dividend


PRO

DU

CT H

IGH

LIGH

TS SHEET

257

PRO

DU

CT H

IGH

LIGH

TS SHEET

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




(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..








You may be exposed to country risk in the US. o The Fund’s investments focus on the US, which may increase the





PRO

DU

CT H

IGH

LIGH

TS SHEET

258

PRO

DU

CT H

IGH

LIGH

TS SHEET














Currently NIL












PRO

DU

CT H

IGH

LIGH

TS SHEET

259

PRO

DU

CT H

IGH

LIGH

TS SHEET







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





Emerging Markets





PRO

DU

CT H

IGH

LIGH

TS SHEET

260

PRO

DU

CT H

IGH

LIGH

TS SHEET






ALLIANZ US EQUITY FUND



Management Company





0.94% to 1.79%









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.




Allianz US Equity Fund


PRO

DU

CT H

IGH

LIGH

TS SHEET

261

PRO

DU

CT H

IGH

LIGH

TS SHEET

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



















PRO

DU

CT H

IGH

LIGH

TS SHEET

262

PRO

DU

CT H

IGH

LIGH

TS SHEET




















Your redemption price is determined as follows:



PRO

DU

CT H

IGH

LIGH

TS SHEET

263

PRO

DU

CT H

IGH

LIGH

TS SHEET

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).



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




Emerging Markets





PRO

DU

CT H

IGH

LIGH

TS SHEET

264

PRO

DU

CT H

IGH

LIGH

TS SHEET






ALLIANZ US EQUITY PLUS

Product Type Collective

Investment Scheme Launch Date 5 April 2016

Management Company





1.85%









that aims to provide long-term capital growth and income by investing in US equity markets.




Allianz US Equity Plus


PRO

DU

CT H

IGH

LIGH

TS SHEET

265

PRO

DU

CT H

IGH

LIGH

TS SHEET

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




Parties Involved

WHO ARE YOU INVESTING WITH? The Fund is constituted as a sub-fund under the Allianz Global Investors Fund













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 may be exposed to RMB currency risk. o The Fund may invest in assets denominated in offshore and onshore RMB.





Currently NIL










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



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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




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





Emerging Markets





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ALLIANZ US HIGH YIELD Product Type Collective

Investment Scheme Launch Date 2 August 2010

Management Company





0.75% to 1.43%


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.




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


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












You may be exposed to issuer default risk. o The issuer of securities held by the Fund may become insolvent causing its


You may be exposed to creditworthiness risk. o The creditworthiness (ability to pay) of the issuer of an asset held by the


You may be exposed to sovereign debt risk. o The Fund’s investment in interest-bearing securities issued or guaranteed by



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.





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


You may be exposed to downgrading risk. o The credit rating of interest bearing securities held by the Fund may be


You may be exposed to valuation risk. o Valuation of the Fund assets may involve uncertainties and judgmental


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






You may be exposed to RMB currency risk. o The Fund may invest in assets denominated in offshore and onshore RMB.


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





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,








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





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Emerging Markets









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Allianz US Short Duration High Income Bond






ALLIANZ US SHORT DURATION HIGH INCOME BONDProduct Type Collective

Investment SchemeLaunch Date 22 September 2015

Management Company





0.53% to 1.34%







that aims to provide long-term income and lower volatility by investing in short duration high yield rated corporate bonds of US bond markets.



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



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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.




strategy of the product.






Refer to Section 7of the Prospectus for further information on risks of the product.









• You may be exposed to country risk in the US.o The Fund’s investments focus on the US, which may increase the



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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.



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Currently NIL













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





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ALLIANZ US SMALL CAP EQUITY

Product Type Collective

Investment Scheme Launch Date 29 July 2014

Management Company





1.062% to 2.10%









that aims to provide long-term capital growth investing in US equity markets with a focus on small-sized companies.




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.











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.





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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.







Currently NIL








Refer to Sections 8.8, 11 and 9 of the Prospectus for further information on valuation and exiting from


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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


the product.




Emerging Markets





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Allianz Global Investors Singapore Limited12 Marina View #13-02Asia Square Tower 2Singapore 018961Hotline: (1800) 438 0828Fax: (65) 6311 8025Email: [email protected]: sg.allianzgi.comBusiness Registration No: 199907169Z


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