AGIF-Allianz Gl.Opport.B.AT USD/  LU1254137810  /

Long-term capital growth and income by investing in global Bond Markets. As part of the investment process, the Investment Manager applies an opportunistic approach, which provides in particular that a spectrum of macro and credit opportunities are accessed. Sub-Fund assets are primarily invested in bonds as described in the investment objective. Max. 30% of Sub-Fund assets may be invested in bonds which at the time of acquisition have a rating of BB+ or below (Standard & Poor"s and Fitch) or, if unrated, as determined by the Investment Manager to be of comparable quality. Max. 30% of Sub-Fund assets may be invested in Emerging Markets. Max. 20% of Sub-Fund assets may be invested in the PRC bond markets. Max. 20% of Sub-Fund assets may be invested in ABS and/or MBS. Max. 100% Sub-Fund assets may be held in deposits and/or may be invested directly in Money Market Instruments and/or (up to 10% of Sub-Fund assets) in money market funds on a temporary basis for liquidity management and/or defensive purpose. Max. 10% of Sub-Fund assets may be invested in UCITS and/or UCI. Duration of Sub-Fund assets should be between 0 and 9 years.

Long-term capital growth and income by investing in global Bond Markets. As part of the investment process, the Investment Manager applies an opportunistic approach, which provides in particular that a spectrum of macro and credit opportunities are accessed.