Notification of changes affecting the underlying fund of R62 Allianz GEM Equity High Dividend

28 Jun 2022

We have been notified by the Board of Directors of Allianz Global Investors Fund (the “company”) of the following change that impacts the underlying fund of the Allianz GEM Equity High Dividend (the “Affected Mirror Fund”).

The Company has advised that due to an internal re-allocation of resources within the Allianz Group, it is proposed that the investment management functions for the underlying fund of the Affected Mirror Fund will be transferred from Allianz Global Investors U.S. LLC to AllianzGI – Germany. This change will take effect from 25 July 2022 (the “Effective Date”).

The Company has advised that the investment management change will not: 

• result in a material change to the features and risks applicable to the underlying fund of the Affected Mirror Fund,
• result in other changes in the operation and/or manner in which the underlying fund of the Affected Mirror Fund is being managed, or
• materially prejudice the existing Shareholders’ rights or interests.

There will be no change in the fee structure, fees and expenses of the underlying fund of the Affected Mirror Fund, nor the costs in managing the underlying fund of the Affected Mirror Fund following the implementation of the change detailed in this notice. The costs and/or expenses incurred in connection with the change detailed in this notice will be borne by the Management Company of the underlying fund of the Affected Mirror Fund.

For full details regarding the change, please refer to the Allianz notification opposite.