Allianz Global Floating Rate Notes Plus AMgi (H2

The Sub-Fund aims to capture income from a global universe of floating-rate notes. The Sub-Fund seeks potential for long-term capital growth in accordance with E/S characteristics. Sub-Fund assets are invested in accordance with E/S characteristics. Min. 51% of Sub-Fund assets are invested in global floating-rate notes as described in the investment objective. Max. 49% of Sub-Fund assets may be invested in bonds other than described in the investment objective. Max. 30% of Sub-Fund assets may be invested in bonds which at the time of acquisition have a rating of BB+ or below. Max. 25% of Sub-Fund assets may be invested in Emerging Markets. We may invest up to 25% of Sub-Fund assets in ABS/MBS. Max. 10% of Sub-Fund assets may be invested in contingent convertible bonds. Max. 10% of Sub-Fund assets may be invested in UCITS and/or UCI. Max. 5% of Sub-Fund assets may be invested in bonds which do not have a rating by one or more Rating Agencies. Sub-Fund assets may be invested in derivatives for both, efficient portfolio management and hedging purposes. The gross exposure (long positions plus short positions) resulting from the use of derivatives (excluding the use of FX Forward Transactions) may be max. 100% of Sub-Fund's Net Asset Value (NAV). Duration of Sub-Fund assets invested in bonds as well as in deposits and in Money Market Instruments should be between zero and 12 months. The Sub-Fund promotes environmental and social characteristics (E/S characteristics) with simultaneous application of certain minimum exclusion criteria for direct investments. Sub-Fund’s pre-contractual template describes all relevant information about the E/S characteristics’ scope, details, and requirements and applied exclusion criteria. Min. 80% of Sub-Fund's portfolio shall be evaluated by an internal score. The score starts at 0 (lowest) and ends at 4 (highest). The basis for the calculation of the 80% threshold is the Sub-Fund`s net asset value except instruments that are not scored by nature, e.g., cash and deposits. The score is based on environmental, social, governance and business behaviour factors (business behaviour does not apply to sovereign issuers) and represents an internal assessment assigned to a corporate or sovereign issuer by us. With respect to scored issuers, only securities of an issuer with an internal score of 1 or more will be acquired. Min. 5.00% 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%. We follow an active management approach with the aim to outperform the Benchmark. In selecting and weighting the Fund's assets we do not replicate or reproduce the Benchmark. Sub-Fund assets therefore deviate significantly from the Benchmark. Exposure to the base currency of the Fund (USD) will be hedged to a large extent against the reference currency of the shareclass (SEK) which reduces the potential risks and limits potential gains from exchange rate movements. Benchmark: SOFR (hedged into SEK). You may redeem shares of the Fund usually on each business day. We reinvest income generated into the Fund. Recommended Holding Period: 1 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).