PRODUCT HIGHLIGHTS SHEET

Transcription

1 Prepared on: 31/10/17 This Product Highlights Sheet is an important document. It highlights key terms and risks of this investment product and complements Prospectus 1. It is important to read Prospectus before deciding wher to purchase shares in If you do not have a copy, please contact us to ask for one. You should not invest in product if you do not understand it or are not comfortable with accompanying risks. If you wish to purchase product, you will need to make an application in manner set out in Prospectus. ALLIANZ BEST STYLES EMERGING MARKETS EQUITY Product Type Management Company Collective Investment Scheme Allianz Global Investors GmbH Launch Date 6 October 2015 Depositary Trustee Not applicable Dealing Frequency Capital Guaranteed Name of Guarantor No Not applicable Expense Ratio for Financial Year ended 30 September 2016 State Street Bank Luxembourg S.C.A. Every Dealing Day which is a Singapore business day % to % PRODUCT SUITABILITY WHO IS THE PRODUCT SUITABLE FOR? The Fund is only suitable for investors who: o expect returns significantly in excess of market interest rates, with asset growth primarily resulting from market opportunities; o can hold Fund for a long-term investment horizon; and o are aware re may be a risk of loss on an investment in Fund. You should consult your financial adviser if in doubt wher this product is suitable for you. KEY PRODUCT FEATURES WHAT ARE YOU INVESTING IN? You are investing in a collective investment scheme constituted in Luxembourg that aims to provide long-term capital growth by investing in emerging equity markets. The Investment Manager may engage in foreign currency overlay and thus assume separate foreign currency risks with regard to currencies of OECD member states, even if Fund does not include any assets denominated in se respective currencies. You may receive distributions if you are invested in a distributing share class*. The distribution date shall generally be on 15 December each year. Where distributing share class contains additional letter(s) M / Mg, you may instead receive distributions on 15th of every month or if it contains additional letter(s) Q / Qg you may instead receive distributions quarterly on 15 March, 15 June, 15 September and 15 December. *Dividends may be paid out of capital or effectively out of capital and reduce Fund s net asset value Investment Strategy A minimum of 70% of Fund assets are invested in emerging equity markets. A minimum of 70% of Fund assets are invested in Emerging Markets or in countries which are constituents of MSCI Emerging Market Index. A maximum of 20% of Fund assets may be held in deposits and/or invested in Furr Information Section 5.1 of furr product suitability. Sections 1, 2, 5 and 17.1 of furr features of Section 5 of 1 The Prospectus is available for collection during normal business hours from Allianz Global Investors Singapore Limited at 12 Marina View, #13-02 Asia Square Tower 2, Singapore or accessible at sg.allianzgi.com or from any of our appointed distributors. 2 Annualised figure.

2 money market instruments and/or (up to 10% of Fund assets) in money market funds. The Fund may invest in financial derivative instruments for efficient portfolio management (including for hedging) but will not invest primarily or extensively in financial derivative instruments for investment purposes. Parties Involved WHO ARE YOU INVESTING WITH? The Fund is constituted as a sub-fund under Allianz Global Investors Fund ( Company ). The Management Company is Allianz Global Investors GmbH. The investment management is performed by Management Company through its UK branch. The Depositary is State Street Bank Luxembourg S.C.A.. KEY RISKS WHAT ARE THE KEY RISKS OF THIS INVESTMENT? The value of product and its dividends and coupons (if any) may rise or fall. These risk factors may adversely impact net asset value of product and cause you to lose some or all of your investment: Market and Credit Risks You may be exposed to general market risk. o The Fund is exposed to various general trends and tendencies in economic and political situation as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting entire market. You may be exposed to currency risk. o The Fund may hold assets or have a share class denominated in foreign currencies or than base currency of Fund. Accordingly, Fund is exposed to a currency risk that if se foreign currency positions have not been hedged or if re is any change in relevant exchange control regulations, net asset value of Fund or Class may be affected unfavourably. Any devaluation of foreign currency against base currency of Fund would cause value of assets denominated in foreign currency to fall. You may be exposed to emerging markets risk. o The Fund invests in emerging markets which are subject to greater liquidity risk, currency risk, general market risk, settlement risk and custodial risk. The legal, taxation and regulatory environment and accounting, auditing and reporting standards may deviate substantially to Fund s detriment from levels and standards that are considered standard international practice. Liquidity Risks The Fund is not listed in Singapore and you can redeem only on Dealing Days. o There is no secondary market in Singapore for Fund. All redemption requests may only be made in manner described in Prospectus. You may be exposed to liquidity risk. o The Fund may invest in illiquid securities. Even relatively small orders of illiquid securities can lead to significant price changes. If an asset is illiquid, re is risk that it cannot be sold or can only be sold at a significant discount to purchase price. Your right to redemption may be deferred or suspended under certain circumstances highlighted in paragraphs 9.3 and 12 of Prospectus. furr investment strategy of Sections 1, 3 and 4.4 of furr role and responsibilities of se entities. Section 7 of furr risks of

3 Product-Specific Risks You may be exposed to company-specific risk. o The value of Fund s assets may drop significantly and for an extended period of time if company-specific factors (such as issuer s business situation) deteriorates, even if market trend is generally positive. You may be exposed to derivatives risk. o (i) The derivatives may be misvalued or may have varying valuations; (ii) use of derivatives may not completely hedge risk intended to be hedged; (iii) derivative may become difficult to sell. In such cases, Fund may not be able to liquidate a position at an appropriate time or price; (iv) re is also a creditworthiness risk (i.e. that counterparty may default or be unable to completely fulfill its obligations); (v) given leverage effect embedded in derivatives, even a small investment in derivatives could have a substantial, even negative, effect on performance of Fund. You may be exposed to risk relating to distribution out of capital. o If you invest in a share class which provides for distributions out of capital you should be aware that payment of such distributions may result in an immediate decrease in net asset value per share and may reduce capital available for future investment and capital growth. You may be exposed to risk of investing in China A-Shares. o The Fund assets may be invested in China A-Shares. The securities market in PRC, including China A-Shares, may be more volatile and unstable (for example, due to risk of suspension/limitation in trading of a particular stock or government intervention) than markets in more developed countries and has potential settlement difficulties. This may result in significant fluctuations in prices of securities traded in such market and reby affecting prices of shares of Fund. You may be exposed to PRC tax risk. o It is possible that current tax laws, regulations and practices in PRC will change (which may have retrospective effect). Any increased tax liabilities on Fund may adversely affect Fund s value. o If no or inadequate provision for potential withholding tax is made and in event that PRC tax authorities enforce imposition of such withholding tax, net asset value of Fund may be adversely affected. Depending on timing of ir subscriptions and/or redemptions, investors may be disadvantaged as a result of any shortfall of tax provision. You may be exposed to property related assets risk. o The Fund s investments in real estate industry may be subject to risks of fluctuations in value and rental income received in respect of underlying property. This risk applies when investments are made through funds, property companies or or property equity market-related products (in particular, REITs). You may be exposed to risks of using Stock Connect programmes. o The regulations relating to Stock Connect programmes are untested and subject to change which may have potential retrospective effect. There is no certainty as to how y will be applied. o The Fund will also be subject to or risks in connection with its investments in China A-Shares via Stock Connect programmes such as regulatory risks, taxation risk and RMB currency risk in relation to Stock Connect programmes. The net asset value of Fund may likely have a high volatility due to investment policies or portfolio management techniques employed in respect of Fund. FEES AND CHARGES WHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT? Payable directly by you (on A/AT, I/IT and P/PT classes) You will need to pay following fees and charges as a percentage of net asset value of share class (actual percentage depends on relevant share class): Section 6 of Prospectus for furr fees and charges.

4 Subscription Fee Up to 5% Fee/ Disinvestment Fee Currently NIL Conversion Fee Up to 5% Additional fees may be payable to Singapore distributors. Payable by Fund from invested proceeds (on A/AT, I/IT and P/PT classes) The Fund will pay following fees and charges (actual percentage depends on relevant share class): All-in-Fee Up to 2.00% p.a. The fees and expenses of investment manager, central administration agent and depositary will be covered by All-in-Fee payable to Management Company. VALUATIONS AND EXITING FROM THIS INVESTMENT HOW OFTEN ARE VALUATIONS AVAILABLE? The prices of shares will normally be published by Company 2 Business Days after relevant Valuation Day at sg.allianzgi.com. HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO? There is no cancellation period for Fund. Some Singapore distributors may, at ir own discretion and in ir own capacity, offer a cancellation period for subscription of shares and you may wish to check with your Singapore distributor. You can exit Fund by submitting to Singapore Representative or Singapore distributor through whom you originally purchased your shares a written redemption request as described in Prospectus. s are subject to minimum redemption and minimum holding amounts. You should normally receive sale proceeds within 6 Valuation Days after calculation of relevant redemption price (or within such time frame as you have agreed with Singapore Representative or Singapore distributor). Your redemption price is determined as follows: o If your redemption request is received by Singapore Representative before 5 p.m. (Singapore time) on a Dealing Day preceding a specific Dealing Day (provided that Dealing Day preceding specific Dealing Day is also a Singapore business day), you will be paid redemption price for that specific Dealing Day (which is based on net asset value per share of Fund). o If not, you will be paid redemption price for next Dealing Day. (Please note that Singapore distributors may impose an earlier deadline to receive orders.) The redemption proceeds that you will receive will be redemption price multiplied by number of shares redeemed. An example is as follows: 1,000 x $10.00 = $10, $0 = $10, Shares request Price Gross Proceeds Fee / Disinvestment Fee* *There is currently no redemption fee / disinvestment fee payable. Net Proceeds CONTACT INFORMATION HOW DO YOU CONTACT US? If you have any queries regarding Fund, you may contact Singapore Representative at or at Marketing.SG@AllianzGI.com. Sections 8.8, 11 and 9 of Prospectus for furr valuation and exiting from

5 APPENDIX: GLOSSARY OF TERMS Business Day Emerging Markets PRC RMB Stock Connect Valuation/ Dealing Day : Means each day on which banks and exchanges in Luxembourg are open for business. For avoidance of doubt, half-closed bank business days in Luxembourg are considered as being closed for business. : Means a country which is not classified by World Bank as a highincome economy (high gross national income per capita). : Means People s Republic of China, excluding Hong Kong Special Administrative Region, Macau Special Administrative Region and Taiwan. : Means Chinese Renminbi, official currency of PRC and, unless context orwise requires, term RMB refers to offshore Chinese Renminbi ( CNH ) traded offshore in Hong Kong or markets outside PRC and not to onshore Chinese Renminbi ( CNY ). : Means program which aims to achieve mutual stock market access between PRC and Hong Kong. : Means each day on which banks and exchanges in Luxembourg, Germany and United Kingdom are open for business.