Allianz Global Investors Europe GmbH

Transcription

1 Allianz Inflationsschutz Merger into Allianz Global Investors Fund Dear Unitholders, You are holding units in the Allianz Inflationsschutz fund in your securities account. The Management Company,, has decided to merge Allianz Inflationsschutz into Allianz Global Investors Fund on 25 November 2014 (the Merger Date ) in accordance with the summary below. Allianz Inflationsschutz Allianz Global Investors Fund - Unit class ISIN / WKN (German securities code) Share class ISIN / WKN (German securities code) A (EUR) LU / A0DKRF will be merged into A (EUR) LU / A1W7SF The statutory disclosure of the fund merger to investors who are resident in Germany was published in the Börsenzeitung on 2 October Why is the fund merger taking place? The fund volume of the Merging Fund is decreasing due to net-outflows. By consolidating the assets of the Merging Fund with the ones of the Receiving Sub-Fund it is intended to create a bigger fund by allocating the investment strategy within the global umbrella Allianz Global Investors Fund. Moreover, due to the increased fund volume of the receiving Sub-Fund, after the merger the investment management gains more flexibility in searching attractive investment opportunities within the investment universe in the best interest of the unitholders / shareholders. Comparison of investment policy and risk profile Investment characteristics Allianz Inflationsschutz Allianz Global Investors Fund The fund invests directly or using The fund invests in a diversified derivatives in inflation-indexed portfolio of inflation-indexed bonds bonds or synthetic inflation-linked with differing maturities, which are securities. issued primarily in EUR.,

2 Permissible asset classes Investment focus Allianz Inflationsschutz Allianz Global Investors Fund Interest-bearing securities Interest-bearing securities, including including zero-coupon bonds, in inflation-linked instruments, floatingrate notes and convertible bonds, particular corporate bonds, asset-backed securities, mortgage-backed securities, assetbacked securities, UCITS or UCI, government bonds, public-sector mortgage bonds, floating-rate deposits, money-market instruments notes, convertible bonds and bonds with warrants, certificates, UCITS and UCI (money-market or bond funds and/or funds pursuing an absolute return approach) Inflation-indexed bonds and synthetic inflation-linked securities Inflation-indexed bonds that are issued or guaranteed by governments and listed companies of an OECD member state or an EU member Guarantee / Capital protection Benchmark Credit rating Investment grade rating Rating of at least BBB- (Standard & Poor s) or BBB- (Fitch) or Baa3 (Moody s), or an equivalent rating Regional orientation Eurozone Eurozone Emerging markets max. 10% of fund assets max. 10% of subfund assets Foreign currencies permissible permissible Target funds max. 10% of fund assets max. 10% of subfund assets Derivative financial instruments Duration (average cash-weighted residual term to maturity) Risk-earnings indicator (measure of how susceptible the fund price is to volatility) permissible permissible 3 to 9 years 0 to 20 years 4 4 Comparison of fees and other characteristics specific to each unit/share class Allianz Inflationsschutz Allianz Global Investors Fund Unit/share class A (EUR) A (EUR) Sales charge 3.00% / 4.00% 3.00% / 5.00% (current / max.) All-in fee p.a. 0.99% / 0.99% 0.99% / 1.40% (current / max.) Performance fee p.a. n.a. n.a. (current / max.) Taxe d abonnement levied in Luxembourg p.a. 0.05% 0.05%,

3 Allianz Inflationsschutz Allianz Global Investors Fund Total expense ratio 1.04% 1.04% Use of income / distributing / 15 April distributing / 15 December Effective date Minimum investment amount Legal form Fonds Commun de Placement (FCP) Société d Investissement à Capital Variable (SICAV) Rights of unitholders/ shareholders Unitholders do not have any right of co-determination Shareholders hold shares in the Company and have a right of codetermination Fund manager Allianz Global Investors Europe GmbH, France branch Allianz Global Investors Europe GmbH, France branch Custodian bank State Street Bank Luxembourg State Street Bank Luxembourg S.A. S.A. Registrar and Transfer RBC Investor Services Bank RBC Investor Services Bank S.A. Agent S.A. Financial year-end 31 December 30 September Statutory sales documentation The current version of the Key Investor Information for Allianz Global Investors Fund Allianz Euro Inflation-linked Bond is included with this letter. This document contains important information about the investment opportunities and risk profile of Allianz Global Investors Fund Allianz Euro Inflation-linked Bond. You should therefore read the Key Investor Information carefully. The annual report of Allianz Global Investors Fund is available four months after the end of the financial year. The semi-annual report is available two months after the end of the financial half-year. The above-mentioned documents and prospectuses are available from your advisor or can be inspected or obtained free of charge from the registered office of the management company and information agents during normal business hours in any jurisdiction in which the funds are admitted for public distribution. These documents are also accessible on the Internet at and The fund merger will be reviewed by an auditor. On request, we will gladly provide you with a copy of the approved merger report, without charge. It will be available approximately four months after the Merger Date (in English only). Changes to the Allianz Inflationsschutz portfolio as a result of the fund merger In view of the fund merger, the portfolio of Allianz Inflationsschutz will be aligned with that of Allianz Global Investors Fund beginning 11 November All the required reallocations will be implemented in line with the provisions of the current prospectus of Allianz Inflationsschutz. Purchase of further units in Allianz Inflationsschutz The issue of new units in Allianz Inflationsschutz will be discontinued on 2 October As such, buy orders received by 7:00 a.m. (CEST) on 1 October 2014 will be executed for the last time at the unit price prevailing on 1 October 2014.,

4 Sale of units in Allianz Inflationsschutz Units in Allianz Inflationsschutz may be redeemed until 7:00 a.m. (CET) on 17 November 2014, free of charge as usual. Sales orders will be executed for the last time at the price determined on 17 November Redemption of units will be discontinued from 18 October Sale of Allianz Global Investors Fund shares after the Merger Date Shares in Allianz Global Investors Fund received during the fund merger can be sold once they have been credited to your securities account. Fund merger procedure After the Merger Date, your securities account will be credited automatically and free of any sales or other charge with the number of shares in Allianz Global Investors Fund that corresponds to your previous investment in Allianz Inflationsschutz. This number will be calculated by dividing the value of your Allianz Inflationsschutz units by the price of Allianz Global Investors Fund shares. The resulting shareholding in Allianz Global Investors Fund will subsequently be credited to your securities account. Conversion will be based on the unit/share prices of the two funds as determined on the Merger Date. The Allianz Inflationsschutz fund will distribute any income from the current financial year on the Merger Date. You will not incur any costs in connection with the merger. Tax-neutral fund merger Shares acquired in Allianz Global Investors Fund as a result of the merger with Allianz Inflationsschutz are not considered as new acquisitions from a taxation perspective. As such, in the event of any subsequent sale of the Allianz Global Investors Fund Allianz Euro Inflationlinked Bond shares, the price and time at which the original Allianz Inflationsschutz units were acquired determines whether the capital gains are taxable or not. Please consult your tax advisor if you have any other tax-related questions, particularly with regard to the implications of the fund merger for you personally. This document is a translation of the original document. In the event of discrepancies or ambiguities in interpreting the translation, the original German-language version shall prevail insofar as this does not infringe the local legislation of the relevant jurisdiction. Yours sincerely,,

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