Allianz Global Equity Insights A EUR

Objectives and Investment Policy Long-term capital growth by investing in global Equity Markets to achieve a concentrated equity portfolio with a focus on stock selection 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 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 significant 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 Equities as described in the investment objective. Max. 30% of Sub-Fund assets may be invested in Equities other than described in the investment objective. Max. 49% of Sub-Fund assets may be invested in Emerging Markets. Max. 30% 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 and/or UCI. Max. 20% of Sub-Fund assets may be invested into the China A-Shares market. 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 non-evaluated 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%. Benchmark: MSCI AC World (ACWI) Total Return Net (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: 5 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 6 (a financial product that does not consider the EU criteria for environmentally sustainable economic activities)