Allianz Flexi Asia Bond AMg USD

Objectives and Investment Policy Long-term capital growth and income by investing in Debt Securities of Asian bond markets denominated in EUR, USD, GBP, JPY, AUD, NZD or any Asian currency in accordance with the Sustainability Key Performance Indicator Strategy (Relative) (“KPI Strategy (Relative)”). In this context, the aim is to outperform the Sub-Fund’s Sustainability KPI compared to Sub-Fund’s Benchmark 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 (Relative) 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. 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. KPI Strategy (Relative) (including exclusion criteria) applies. Sub-Fund's Sustainbility KPI is the "Weighted Average GHG Intensity (Sales)" which is the weighted average of the Sub-Fund’s GHG intensity (in tCO2e per Millions of sales). Sub-Fund’s investment objective shall be achieved by a minimum outperformance of 20% of the Weighted Average GHG Intensity (Sales) of Sub-Fund's portfolio compared to the Weighted Average GHG Intensity (Sales) of Sub-Fund’s Benchmark. Sub-Fund assets may be invested completely in Emerging Markets. Max. 60% of Sub-Fund assets may be invested in High-Yield bonds bearing a typically higher risk and higher potential of gains, within this limit max. 10% of Sub-Fund assets may be invested in bonds with a rating of CC (Standard & Poor’s) or lower (including defaulted securities). Max. 70% of Sub-Fund assets may be invested in bonds not denominated in their respective local currency. Max. 10% of Sub-Fund assets may be invested in the PRC bond markets. 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. Max 35% may be invested in bonds issued or guaranteed by a single sovereign issuer that is rated below investment grade (i.e. Philippines). Max. 35% RMB currency exposure. Max. 20% non-EUR, non-USD, non-GBP, non-JPY, non-AUD, non-NZD or any non-Asian currency exposure. Max. 10% of Sub-Fund assets may be invested in UCITS/UCI. The Duration of the Sub-Fund assets should be between zero and 10 years. 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 non-evaluated by nature (e.g., cash and Deposits). KPI Strategy (Relative)'s aim shall be achieved by a minimum outperformance of 20% of Sub-Fund’s Sustainability KPI compared to the Weighted Average GHG Intensity (Sales) of Sub-Fund’s Benchmark. Min. 10% of Sub-Fund assets will be invested in Sustainable Investments. Benchmark: J.P. MORGAN JACI Composite Total Return (in USD). Due to its investment strategy we expect a high volume of transactions which results in higher transactions costs reducing the return of the fund. 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: 4 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)