Allianz European Equity Div AMgi(H2

Long-term capital growth by investing in companies of European Equity Markets that are expected to achieve permanent dividend returns in accordance with E/S characteristics. Sub-Fund assets are invested in accordance with E/S characteristics. Min. 70% of Sub-Fund assets are invested in European 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. 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 and/or 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). 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 the “Weighted Average Greenhouse Gas Intensity""" (GHG Intensity) which is the weighted average of Sub-Fund’s portfolio GHG intensity (in tCO2e per Millions of sales). Portfolio in this respect does not comprise derivatives and instruments that are nonevaluated by nature (e.g., cash and Deposits). Sub-Fund's aim shall be achieved by a minimum year-on-year improvement pathway of 5.00% at the fiscal year end as far as the Sub-Fund's Weighted Average Greenhouse Gas Intensity (Sales) is concerned. 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%. We manage this Sub-Fund in reference to a Benchmark. SubFund'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. Exposure to the base currency of the Fund (EUR) will be hedged to a large extent against the reference currency of the shareclass (JPY) which reduces the potential risks and limits potential gains from exchange rate movements. Benchmark: MSCI Europe Total Return Net (hedged into JPY). 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