AIIF-Allianz Fixed Inc.Macro Fd.E GBP/  GB00BG43NG36  /

The Fund aims to generate capital growth by outperforming SONIA (in GBP) by producing positive absolute returns above SONIA (in GBP) (net of fees) over a rolling twelve month period irrespective of market conditions by investing in derivatives of fixed income instruments and fixed income securities. Investors should be aware that the Fund"s capital is at risk and there is no guarantee that it will achieve its objective over any period. We may invest up to 100% of the Fund"s assets into fixed income securities indirectly through the use of derivatives and directly into conventional fixed income securities using particular risk management process. More than 35% of the value of the Fund may be invested in securities issued or guaranteed by the following states; the UK, Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Iceland, Ireland, Italy, Japan, Liechtenstein, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United States of America. Investments in either derivatives or fixed income securities may be in developed markets and non-developed markets or emerging markets. Up to 30% of the Fund"s assets may be in China via RMB currency exposure. We may also utilise deposits and money market instruments and their value, together in total, may make up to a maximum of 100% of the Fund. We may also invest up to a maximum of 10% of the Fund in collective investment schemes. The Fund will make extensive use of derivatives for investment purposes and for efficient portfolio management (including for hedging).

The Fund aims to generate capital growth by outperforming SONIA (in GBP) by producing positive absolute returns above SONIA (in GBP) (net of fees) over a rolling twelve month period irrespective of market conditions by investing in derivatives of fixed income instruments and fixed income securities. Investors should be aware that the Fund"s capital is at risk and there is no guarantee that it will achieve its objective over any period. We may invest up to 100% of the Fund"s assets into fixed income securities indirectly through the use of derivatives and directly into conventional fixed income securities using particular risk management process.