AGIF-Allianz Float.Rate N.P IT EUR/  LU1089089392  /

Long-term capital growth above the average return of European money markets in Euro terms by investing in global Bond Markets with a focus on floating-rate notes with Euro exposure in accordance with E/S characteristics. Sub-Fund assets are invested in accordance with E/S characteristics. Sub-Fund assets are primarily invested in bonds with a good credit rating as described in the investment objective. Min. 70% of Sub-Fund assets are invested in bonds of an OECD and/or EU member state. Min. 51% of Sub-Fund assets are invested in floating-rate notes and/or bonds with a residual term which must not exceed three months. Max. 30% of Sub-Fund assets may be invested in bonds other than described in the investment objective. Max. 10% of Sub-Fund assets may be invested in Emerging Markets. Max. 10% of Sub-Fund assets may be invested in bonds with two or more different ratings, one of which at the time of acquisition is a rating of at least BBB- (Standard & Poor's). Max. 10% of Sub- Fund assets may be invested in UCITS/UCI. Sub-Fund assets may not be invested in ABS/MBS by us. Max. 100% Sub-Fund assets may be invested in Money Market Instruments and/or (up to 10% of Sub-Fund assets) in money market funds and/or may be held directly 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-EUR Currency Exposure. The Duration should be between zero and 18 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.

Long-term capital growth above the average return of European money markets in Euro terms by investing in global Bond Markets with a focus on floating-rate notes with Euro exposure in accordance with E/S characteristics.