Allianz European Equity Dividend AMg (H2

Long-term capital growth by investing in companies of European Equity Markets that are expected to achieve sustainable dividend returns in accordance with the Sustainability Key Performance Indicator Strategy (Absolute) (“KPI Strategy (Absolute)”). In this context, the aim is, at least, a year-on-year improvement pathway on the Sub-Fund’s weighted average Sustainability KPI to achieve the investment objective. 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 majority of the Sub-Fund's investments (excluding derivatives) may consist of components of the Benchmark. The Sub-Fund follows the KPI Strategy (Absolute) and promotes responsible investments by applying a sustainability key performance indicator (“Sustainability KPI”) to provide transparency on the measurable sustainability outcome pursued by the Sub-Fund’s Investment Manager for the shareholders. Minimum exclusion criteria for direct investments are applied. Min. 70% of Sub-Fund assets are invested in European Equities as described in the investment objective in accordance with the KPI Strategy (Absolute). Max. 30% of Sub-Fund assets may be invested in Equities other than described in the investment objective in accordance with the KPI Strategy (Absolute). Sub- Fund's Sustainability KPI is the "Weighted Average GHG Intensity (Sales)" which is the weighted average of Sub-Fund’s portfolio GHG intensity (in tCO2e per Millions of sales). Min. 80% of Sub- Fund’s portfolio shall be evaluated by the “Weighted Average GHG Intensity (Sales)”. Portfolio in this respect does not comprise derivatives and instruments that are non-evaluated by nature (e.g., cash and Deposits). Sub-Fund’s investment objective shall be achieved by a minimum outperformance of Sub-Fund's portfolio of at least a 5% year-on-year improvement pathway at the fiscal year end of the Sub-Fund’s portfolio Weighted Average GHG Intensity (Sales). Max. 20% of Sub-Fund assets may be invested in Emerging Markets. Max. 20% of Sub Fund assets may be held directly in time deposits and/or (up to 20% of Sub-Fund assets) in deposits at sight and/or invested in Money Market Instruments and/or (up to 10% of Sub-Fund assets) in money market funds for liquidity management. Max. 10% of Sub-Fund assets may be invested in UCITS/UCI. 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. Sub-Fund classifies as “equity-fund” according to German Investment Tax Act (GITA). Min. 80% of Sub-Fund’s portfolio shall be evaluated by the “Weighted Average GHG Intensity (Sales)” (the “Sustainability KPI”). Portfolio in this respect does not comprise derivatives and instruments that are nonevaluated by nature (e.g., cash and Deposits). KPI Strategy (Absolute)'s aim shall be achieved by a minimum year-on-year improvement pathway of 5.00% at the fiscal year end of the Sub- Fund’s Sustainability KPI. 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%. Exposure to the base currency of the fund (EUR) will be hedged to a large extent against the reference currency of the shareclass (USD) which reduces the potential risks and limits potential gains from exchange rate movements. Benchmark: MSCI Europe Total Return Net (hedged into USD). You may redeem shares of the Fund usually on each business day. We usually distribute the income of the Fund on a monthly basis. Recommended Holding Period: 5 Years 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)