Allianz Defensive Mix FCP-FIS/  LU1899053786  /

The investment objective is geared toward generating long term capital growth and income by investing in a broad range of asset classes, in particular in the bond-, equity- and markets for alternative assets. To achieve this investment objective the Fund invests in particular in investment funds with different regional focuses from a global investment universe. Max. 20% of Fund assets may be invested by us in Emerging Market (including Emerging Market funds). Max. 20% of Fund assets may be invested by us in High- Yield investments (including High-Yield funds) bearing a typically higher risk and higher potential of gains. Max. 30% of Sub-Fund assets may be invested by us in both, Emerging Markets and High-Yield investments. Max. 30% of Fund assets may be invested in alternative investments which aim to have a low correlation to Equities or bonds. Typical alternative asset classes are (i) real estate, (ii) commodities, (iii) private equity and/or private debt or (iv) alternative markets related assets.

The investment objective is geared toward generating long term capital growth and income by investing in a broad range of asset classes, in particular in the bond-, equity- and markets for alternative assets. To achieve this investment objective the Fund invests in particular in investment funds with different regional focuses from a global investment universe.