Allianz Global Diversified Credit AMgi (H2

Long-term capital growth by investing in global Bond Markets 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 bonds as described in the investment objective. Min. 25% of SubFund assets are invested in bonds with a good credit rating as described in the investment objective. Sub-Fund assets may be invested - even 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 CCC+ (Standard & Poor’s) or lower (including defaulted securities) and max. 10 % of Sub-Fund assets may be invested in unrated bonds whose rating is to be determined by us to be of comparable quality. Max. 40% of Sub-Fund assets may be invested in ABS and/or MBS. Sub-Fund assets may be invested in future-contracts on global equity indices (equity index futures) for both, efficient portfolio management and hedging purposes. Sub-Fund assets must not at any time own a long position in any equity index futures. Max. 100% Sub-Fund assets may be invested in Money Market Instruments and/or (up to 10% of SubFund assets) in money market funds and/or held in time deposits and/or (up to 20% of Sub-Fund assets) in deposits at sight on a temporary basis for liquidity management and/or defensive purposes. Max. 10% non-USD Currency Exposure. 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. 70% 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 70% 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. Min. 80% of the rated securities do have an internal score of 1.75 or more, and max. 20% of the securities are either unrted or are adhering to an internal score below 1.75. 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 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 (SGD) which reduces the potential risks and limits potential gains from exchange rate movements. Benchmark: US SOFR (Hedged into SGD). 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 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).