|
 |
Allianz PIMCO Sterling Total Return Fund & Allianz PIMCO UK Corporate Bond Fund
The Funds may use derivative instruments such as futures, options, options on swaps, swap agreements (interest rate swaps, credit default swaps and index swaps) and currency forward contracts.
The Funds may use the derivative instruments listed above for hedging purposes and/or for investment purposes. For example, the Funds may use derivatives (which will be based only on underlying assets or sectors which are permitted under the investment policy of the Funds) (i) to hedge a currency exposure (ii) as a substitute for taking a position in the underlying asset where the ACD believes that a derivative exposure to the underlying asset represents better value than direct (physical) exposure (iii) to tailor the Fund’s interest rate exposure to the ACD’s outlook for interest rates and/or (iv) to gain an exposure to the composition and performance of a particular index (provided always that the Funds may not have an indirect exposure through an index to an instrument, issuer or currency to which it cannot have direct exposure).
Allianz PIMCO Gilt Yield Fund
The Fund may use derivative instruments such as futures, options, options on swaps and swap agreements (interest rate swaps).
The Fund may use the derivative instruments listed above for hedging purposes and/or for investment purposes. For example, the Fund may use derivatives (which will be based only on underlying assets or sectors which are permitted under the investment policy of the Fund) (i) as a substitute for taking a position in the underlying asset where the ACD believes that a derivative exposure to the underlying asset represents better value than direct (physical) exposure (ii) to tailor the Fund’s interest rate exposure to the ACD’s outlook for interest rates and/or (iii) to gain an exposure to the composition and performance of a particular index (provided always that the Fund may not have an indirect exposure through an index to an instrument, issuer or currency to which it cannot have direct exposure).
|
