AGIF-Allianz US High Yield AM USD/  LU0516397667  /

Long-term capital growth and income by investing in high yield rated corporate bonds of US bond markets. Min. 70% of Sub-Fund assets are invested in US corporate bonds. Min. 70% of Sub-Fund assets are invested in High-Yield bonds bearing a typically higher risk and higher potential of gains, however, within this limit Sub-Fund assets may be invested also in bonds that are only rated CC (Standard & Poor's) or lower (including max. 10% of Sub-Fund assets of defaulted securities). Max. 30% of Sub-Fund assets may be invested in Debt Securities other than described in the investment objective. Max. 30% of Sub-Fund assets may be invested in Emerging Markets. Max. 20 % of Sub-Fund assets may be invested in ABS and/or MBS. 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. Max. 20% non-EUR Currency Exposure. The duration of the Sub- Fund assets should be between 0 and 9 years. This Sub-Fund is not managed by us in reference to a Benchmark. We follow an active management approach.

Long-term capital growth and income by investing in high yield rated corporate bonds of US bond markets. Min. 70% of Sub-Fund assets are invested in US corporate bonds. Min. 70% of Sub-Fund assets are invested in High-Yield bonds bearing a typically higher risk and higher potential of gains, however, within this limit Sub-Fund assets may be invested also in bonds that are only rated CC (Standard & Poor's) or lower (including max. 10% of Sub-Fund assets of defaulted securities). Max. 30% of Sub-Fund assets may be invested in Debt Securities other than described in the investment objective.