Issued by Allianz Global Investors (UK) Ltd. Authorised & regulated by the Financial Services Authority registered number 122218. Member of the Investment Management Association. Registered office: 155 Bishopsgate, London, EC2M 3AD. Registered number 1963362. Registered in England.

Important Information: Allianz Global Investors only provides information on our own group products and does not give advice based on individual circumstances. Although the information is believed to be reliable Allianz Global Investors does not guarantee the timeliness, accuracy or suitability of such information in any way and anyone who acts on the information does so entirely at their own risk.

Yield in the table above is the historical yield over the latest rolling 12 month period, stated for the A share class, net of charges, gross of tax. High-Low is the Highest and lowest price of the fund during the latest 12 month period or since launch, whichever is most recent.

Simplified Prospectus: Please make sure you have read and understood the latest version of the Simplified Prospectus (available from the Literature Library) when considering investment decisions.

Past performance is no guide to future performance and you should not make any assumptions on the future on the basis of this information. The value of shares and the income from them can fall as well as rise as a result of market and currency fluctuations and you may not get back as much as you originally invested. Some of these funds may invest in Technology stocks which may be highly volatile. Some of these funds may invest in smaller companies which carry a higher risk than investing in the securities of larger companies and there is also a risk of illiquidity (ie they may not be easy to buy and sell). It is often not possible to obtain an open market valuation on unlisted securities.

Allianz Pimco Sterling Total Return Fund: High yielding bonds with lower credit ratings may have an increased risk of capital erosion and there is no guarantee on yields or capital. Investors should note that the Sterling Total Return Fund is permitted to invest a maximum of 50% in non-investment grade securities. A non-investment grade bond has a Standard & Poor’s credit rating of below BBB or equivalent. Investment in non-investment grade bonds involves greater price volatility and risk of the loss of the principal investment (ie risk of default on capital repayment) and income, than investments of a higher grade quality. This in turn translates into a risk that the capital value of the fund will be affected. The value of the investments, and therefore the value of the shares in the fund, will be impacted by fluctuations in interest rates and default or changes in the perceived credit risk of an issuer. This fund may also invest in emerging markets. These markets may be highly volatile and carry a higher risk both in terms of market and currency volatility. Such risks might also include dealing difficulties, settlement and custody practices. More than 35% of the value of the property of the Fund may be invested in Government and public securities issued or guaranteed by a number of states as set out in the Prospectus.

Allianz Pimco Gilt Yield Fund: More than 35% of the value of the property of this fund consists or is likely to consist, of securities issued by the British Government.


Concentrated Portfolios: Asian Total Return Equity Fund (formerly Tiger), BRIC (formerly Global High Alpha), Continental European, Japan, North America, UK Equity Income, UK Equity Fund, UK Growth, UK High Alpha, UK Mid Cap will hold concentrated stock portfolios. Lower diversification and active stock selection can result in greater than average investment in individual countries, companies or market sectors. Such concentration can give rise to more risk than when investments are spread over a larger number of countries, companies or market sectors. Whilst this may increase the potential gains, this concentration of exposure and lack of diversification may also substantially increase the risk of loss in the Fund.