Allianz Advanced Fixed Income Short Duration A EUR

Fund objective

Long-term capital growth above the average long-term return of the short duration European Bond Markets by investing in global bond markets with Euro exposure in accordance with the Sustainable and Responsible Investment Strategy (SRI Strategy). We manage this Sub-Fund in reference to a Benchmark. Sub- Fund's Benchmark plays a role for the Sub-Fund’s performance objectives and measures. We follow an active management approach with the aim to outperform the Benchmark. Although our deviation from the investment universe, weightings and risk characteristics of the Benchmark is likely to be material in our own discretion, the minority of the Sub-Fund's investments (excluding derivatives) may consist of components of the Benchmark. 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 are primarily invested in bonds as described the investment objective. Max. 30% of Sub-Fund assets may be invested in bonds other than described in the investment objective. All bonds and money market instruments must have at the time of acquisition a rating of at least B- (ABS/MBS with at least BBB-) or a comparable rating from a recognised rating agency. Max. 25% of Sub-Fund assets may be invested in High- Yield bonds bearing a typically higher risk and higher potential of gains. Max. 20% of Sub-Fund assets may be invested in Emerging Markets. Max. 10 % of Sub-Fund assets may be invested in ABS and/or MBS with Investment Grade. 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. Sub-Fund assets may be invested in options and/or future-contracts on equity indices for both, efficient portfolio management and hedging purposes but must not at any time own a net long position on equity indices. SRI Strategy fully applies as far as the acquisition of securities is concerned. Max. 10% non-EUR Currency Exposure. Duration of Sub-Fund assets should be between zero and 4 years. Min. 90% of Sub-Fund's portfolio shall be evaluated by an SRI Rating. Portfolio in this respect does not comprise derivatives and instruments that are non-evaluated by nature (e.g., cash and Deposits). Min. 10% of Sub-Fund assets will be invested in Sustainable Investments. The minimum percentage of investments that are aligned with the EU Taxonomy is 0.01%. Benchmark: BLOOMBERG Euro Aggregate 1-3 Year Total Return (in EUR). You may redeem shares of the Fund usually on each business day. We usually distribute the income of the Fund on a yearly basis. Recommended Holding Period: 2 Years Derivatives may be used to offset exposure to price fluctuations (hedging), to take advantage of price differences between two or more markets (arbitrage) or to multiply gains although it may also multiply losses (leverage). SFDR Category – Article 8 (a financial product which promotes, amongst other characteristics, environmental or social characteristics, provided that the companies in which the investments are made follow good governance practices)