Allianz Strategy 15

The investment objective is geared, in the long term, towards generating mainly capital growth with regard to the portfolio’s equity portion by investing in the global equity markets and, with regard to the portfolio’s bond /money market portion, towards generating a market driven return with reference to the Euro bond / money markets within the scope of the investment policy. Overall, the goal is to achieve a performance comparable to a balanced portfolio consisting of 15 % global equity markets and 85 % medium-term Euro bond markets. The Subfund’s assets may also, be invested up to 10 % of Subfund assets in UCITS or UCI, as defined in Supplement II No. 1 b) that are money-market funds, bond funds, equity funds or balanced funds (including funds pursuing an absolute return approach).