Allianz Enhanced Short Term Euro - S (H2-AUD) - AUD/  LU0678493700  /

Long-term capital growth above the average return of the Euro money markets by investing in global Bond Markets with Euro exposure in accordance with the Sustainable and Responsible Investment Strategy (SRI Strategy). 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 Sub-Fund does not include any assets denominated in these respective currencies. The Sub-Fund follows the SRI Strategy and promotes investments that take into consideration environmental, social and corporate governance criteria with simultaneous application of certain minimum exclusion criteria for direct investments. Sub-Fund assets may be held in deposits and are primarily invested in bonds and/or money market instruments as described in the investment objective in accordance with the SRI Strategy. The residual term of each bonds may not exceed 2.5 years. Max. 65% of Sub-Fund assets may be invested in bonds (excluding money market instruments) with a good credit rating. Sub-Fund assets may not be invested in High-Yield bonds. Sub-Fund assets may not invested in ABS and/or MBS. Max. 30% of Sub-Fund assets may be invested in Emerging Markets. Max. 10% of Sub- Fund assets may be invested in UCITS and/or UCI. 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. All bonds and money market instruments must have at the time of acquisition a rating of at least B- or a comparable rating from a recognised rating agency and have to meet the requirements of the SRI Strategy). Max. 10% non-EUR Currency Exposure. Duration of the Sub-Fund assets should be up to 1 year. We follow an active management approach with the aim to outperform the Benchmark. In selecting and weighting the Sub- Fund's assets we do not replicate or reproduce the Benchmark. Sub-Fund assets therefore deviate significantly from the Benchmark.

Long-term capital growth above the average return of the Euro money markets by investing in global Bond Markets with Euro exposure in accordance with the Sustainable and Responsible Investment Strategy (SRI Strategy). 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 Sub-Fund does not include any assets denominated in these respective currencies. The Sub-Fund follows the SRI Strategy and promotes investments that take into consideration environmental, social and corporate governance criteria with simultaneous application of certain minimum exclusion criteria for direct investments.