Allianz Stiftungsfonds Nachhaltigkeit - P - EUR/  LU0224474329  /

The Fund aims to generate reasonable ongoing income and to preserve the economic value of the invested assets whenever possible. In order to generate positive, distributable income in euro, the aim is to achieve long-term capital growth by means of dynamic allocation in equities and in fixed- and variableinterest securities, with issuers, according to management´s assessment, that meet the criteria for sustainable and responsible investment (SRI strategy). 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. The Fund promotes investments that take into account environmental, social and governance characteristics. When selecting assets to be acquired for the Fund, certain selection principles and exclusion criteria based on the SRI strategy are observed by the Fund management. For example, we do not acquire securities from issuers involved in the production of tobacco or that generate revenue from controversial weapons. We invest mainly directly or via derivatives in interest-bearing securities, convertible bonds and option bonds, of which warrants are securities and participation certificates. The proportion of interest-bearing securities that are not rated as investment grade by at least one recognized rating agency or, if not rated, would not receive an investment grade rating, according to the Company, may not exceed a total of 10% of the value of the Fund assets. We can invest up to 35% of the Fund's assets in equities or REITs. Furthermore, we can invest up to 20% of net Fund assets in securities with issuers based in a country that, according to the World Bank's classification, does not fall into the category "high gross national income per capita", i.e. is not classified as "developed". We can invest up to 30% of the Fund's assets in other funds. As such, we can purchase equity, bond, money market and mixed funds, as well as REITs and REITs funds. The proportion of securities with issuers who are not domiciled in Europe may not exceed 30% of the value of the Fund. In addition, in exceptional cases, we can invest up to 100% of the Fund's assets in money market instruments, promissory note loans and other interest-bearing short-term securities. Investments can be made in any currency. All currency exchange rate risks can be hedged. At least 70% of the Fund's portfolio is subject to SRI rating. We pursue an active management approach aimed at outperforming the benchmark. The benchmark index is used for performance measurement purposes only and not for the purpose of portfolio composition. The majority of the securities included in the Fund are also included in the benchmark index. The fund manager has the flexibility to invest in securities that are not included in the benchmark index. When selecting and weighting the Fund's assets, Fund Management may deviate materially from the securities included in the benchmark index, as well as their corresponding weightings.

The Fund aims to generate reasonable ongoing income and to preserve the economic value of the invested assets whenever possible. In order to generate positive, distributable income in euro, the aim is to achieve long-term capital growth by means of dynamic allocation in equities and in fixed- and variableinterest securities, with issuers, according to management´s assessment, that meet the criteria for sustainable and responsible investment (SRI strategy). 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.