1. Flexibility with short dated bonds in the US - Allianz US Short Duration High Income Bond

Allianz US Short Duration High Income Bond (LU1282651808) aims to provide long-term income and lower volatility by investing in short duration high yield rated corporate debt securities of US bond markets in accordance with the Allianz Global Investors’ Sustainability Key Performance Indicator Strategy (Absolute).

• The fund has been launched in 2015 and has AuM of more than USD 2.84 bn (31/01/2025).
• A defensive approach, the fund offers attractive returns of long-only cash bonds, without increasing overall portfolio risk.
• Investment team prioritizes risk minimization and capital preservation over maximizing returns. Mainly investing in businesses that survive the full business cycle.

Reason to invest

2. Have you heard of our Best Styles strategies? A solid option for core equity exposure

Over the past 25 years, our Systematic Equity team has demonstrated its ability to deliver value to clients with the Best Styles range of strategies and we believe this core equity solution continues to be attractive and beneficial for investors. The addition of sustainability elements to Best Styles, starting in 2012, has enriched our strategy and provides an even better proposition. Together with our established High Dividend and the more recent SDG and Climate Transition strategies, we believe that we offer a very attractive range of investment solutions.

AllianzGI’s Best Styles is a core equity investment strategy based on the conviction that investment styles carry risk premia that can be harvested in a disciplined and systematic way.

• Allianz Best Styles Global Equity SRI (LU2034157706): The Best Styles franchise has been one of our most successful products, driven by strong performance and significant inflows, reflecting investors’ desire to upgrade the core allocation of their equity portfolio. Best Styles SRI meets this requirement for investors with a stronger sustainability focus.
• Since Best Styles’s inception in 1999, we have remained at the forefront of systematic equity investing by constantly innovating but also by having conviction in the foundations of our approach.
• With numerous achievements already under its belt, the Best Styles franchise continues to thrive. As one milestone, and as of December 2024, the Best Styles Global Equity SRI (Sustainable and Responsible Investing) fund - launched only in October 2019 as part of a larger SRI mutual fund family - has surpassed USD 2bn in assets under management (AuM).¹

3. Allianz Private Equity Co-Investments - Watch out for our upcoming Closing in March 2025

• Allianz Private Equity Co-Investment Fund (“APECO”) offers direct Private Equity exposure by co-investing in Private Equity (PE) owned companies alongside leading fund managers from the Allianz portfolio of primary funds.
• The fund aims for an attractive risk/ return profile and a high degree of diversification (25-50 companies). Our USP is the access to exclusive co-investment deal flows thanks to the strong position of Allianz and the long-term relationship with more than 100 leading fund managers worldwide.
• Co-investment opportunities are typically offered to us on a "No Fee, No Carry basis". This is reflected in lower fees that we pass on to clients. Thus, the fund can be more cost-efficient than a traditional direct PE fund or fund of funds. The cost-efficiency provides potential for a mitigated J-Curve and long-term outperformance.
• The current market environment is favorable for co-investments. Due to the challenging fundraising activity and increased financing costs, fund managers have to rely on large and reliable co-investment partners like us. This results in fund managers offering us numerous co-investment opportunities on attractive terms.
• Successful Track Record: 23% IRR, 2.5x2 Portfolio TVPI realized, with a loss rate of 6%²
• Over 100 co-investments executed since 2011, totaling over EUR 2.7 billion invested³

¹ Allianz Best Styles Global Equity SRI mutual fund; fund launch date 16/10/2019). Source: Allianz Global Investors, IDS; 31/10/2024.
² The targeted portfolio IRR is after management fees and performance fees payable to target fund partners but before management fees and performance fees charged by Allianz Capital Partners. Past performance does not predict future returns. Due to various risks and uncertainties, including those that will be described in detail in the Disclosure Memorandum, actual events, results or the actual performance may differ materially from those reflected or contemplated in such forward-looking statements. No representation or warranty is made as to future performance or such forward-looking statements. Since only a limited number of investments will be made, and since the investments generally will involve a high degree of risk, poor performance by a few of the investments could severely affect the total returns to investors .
³ Data as of Q2 2024 (based on Q2 2024 GP valuations as available). Return calculation based on the performance of the Allianz PE co-investment portfolio since 2011. Loss rate calculated as (total value – invested capital [for investments with TVPI < 1.0x]) / invested capital, on target investment level. Past performance does not predict future returns. Source: Allianz Global Investors, 2024. Past performance does not predict future returns.

Important information.

Allianz Global Investors and Voya Investment Management entered into a long-term strategic partnership on 25 July 2022, upon which the investment team transferred to Voya Investment Management. This did not materially change the composition of the team, the investment philosophy nor the investment process. Management Company: [Allianz Global Investors GmbH (or the name of other AGI entity)]. Delegated Manager: Voya Investment Management Co. LLC (“Voya IM”).

For professional investors only, strictly private and confidential solely for the intended recipient.

Private Equity investments are highly illiquid and designed for professional investors pursuing a long-term investment strategy only.
This document is not a contractually binding document or an information document required by any legislative provision, and is not sufficient to take an investment decision. This is a marketing communication. Please refer to the legal and regulatory documentation of Allianz Private Equity Co-Investment Fund (the “Fund”) before making any final investment decisions.

Target return assumptions may be based on the investment team’s experience with predecessor funds, market participants and other stakeholders of the industry. Actual returns from an investment in the portfolio over any given time horizon may vary significantly from the target return assumptions. Future performance is subject to taxation which depends on the personal situation of each investor and which may change in the future.

To the extent we express any prognoses or expectations in this document or to make any forward-looking statements, these statements may involve risks. Investments in the Fund entail a high degree of risk and no assurance can be given that the investment objectives will be achieved or that investors will receive a return on their capital. Please refer to Fund legal documentation for a full description of General and Specific Risk Factors.

Actual results and developments may therefore differ materially from the expectations and assumptions made. On our part, there is no obligation to update target return assumptions and forward-looking statements presented herein.

Allianz Capital Partners may terminate arrangements made for marketing, including by way of de-notification. The Summary of Investor Rights is available in English, French, German, Italian and Spanish at https://regulatory.allianzgi.com/en/investors-rights.

Investing involves risk. The value of an investment and the income associated with it can go down as well as up. Investors may not get back the full amount invested. Past performance is not a reliable indicator of future results. If the currency in which the past performance is displayed differs from the currency of the country in which the investor is resident, the investor should be aware that the performance shown may be higher or lower due to exchange rate fluctuations when it enters the local currency of the investor is converted. The views and opinions expressed herein, which are subject to change without notice, are the views and opinions of the issuer and / or affiliates at the time of publication. The data used come from various sources and are believed to be correct and reliable at the time o publication. The terms and conditions of all underlying offers or contracts that have been or will be made or concluded take precedence. This document does not contain any statements about the suitability of the investments described here for the individual circumstances of a recipient.

For investors in Switzerland

For a free copy of the offering memorandum, subscription documents and the latest annual report of the fund contact [the Swiss representative and paying agent BNP Paribas Securities Services, Paris, Zurich branch, Selnaustrasse 16, CH-8002 Zürich5] or the issuer either electronically or by mail at the given address. Please read these documents carefully before investing. This is a marketing communication issued by Allianz Global Investors (Schweiz) AG, a 100% subsidiary of Allianz Global Investors GmbH.

Investing involves risk. The value of an investment and the income from it may fall as well as rise and investors might not get back the full amount invested. Investing in fixed income instruments may expose investors to various risks, including but not limited to creditworthiness, interest rate, liquidity and restricted flexibility risks. Changes to the economic environment and market conditions may affect these risks, resulting in an adverse effect to the value of the investment. During periods of rising nominal interest rates, the values of fixed income instruments (including positions with respect to short-term fixed income instruments) are generally expected to decline. Conversely, during periods of declining interest rates, the values of these instruments are generally expected to rise. Liquidity risk may possibly delay or prevent account withdrawals or redemptions. The volatility of fund unit/share prices may be increased or even strongly increased. Past performance does not predict future returns. If the currency in which the past performance is displayed differs from the currency of the country in which the investor resides, then the investor should be aware that due to the exchange rate fluctuations the performance shown may be higher or lower if converted into the investor’s local currency. This is for information only and not to be construed as a solicitation or an invitation to make an offer, to conclude a contract, or to buy or sell any securities. The products or securities described herein may not be available for sale in all jurisdictions or to certain categories of investors. This is for distribution only as permitted by applicable law and in particular not available to residents and/or nationals of the USA. The investment opportunities described herein do not take into account the specific investment objectives, financial situation, knowledge, experience or specific needs of any particular person and are not guaranteed. The Management Company may decide to terminate the arrangements made for the marketing of its collective investment undertakings in accordance with applicable de-notification regulation. The views and opinions expressed herein, which are subject to change without notice, are those of the issuer companies at the time of publication. The data used is derived from various sources, and assumed to be correct and reliable at the time of publication. The conditions of any underlying offer or contract that may have been, or will be, made or concluded, shall prevail. For a free copy of the sales prospectus, incorporation documents, daily fund prices, Key Information Document, latest annual and semi-annual financial reports, contact [the Swiss funds’ representative and paying agent BNP Paribas Securities Services, Paris, Zurich branch, Selnaustrasse 16, CH-8002 Zürich - for Swiss retail investors only] or the issuer either electronically or by mail at the given address. Please read these documents, which are solely binding, carefully before investing. This is a marketing communication issued by Allianz Global Investors (Schweiz) AG, a 100% subsidiary of Allianz Global Investors GmbH. The Summary of Investor Rights is available in English, French, German, Italian and Spanish at https://regulatory.allianzgi.com/en/investors-rights. The duplication, publication, or transmission of the contents, irrespective of the form, is not permitted; except for the case of explicit permission by Allianz Global Investors GmbH. Private Equity investments are highly illiquid and designed for professional investors pursuing a long-term investment strategy only. This is a marketing communication. Please refer to the information document of the AIF before making any final investment decisions.

02/2025 Admaster #4214317 | Voya: #4184771