Investors should consider the investment objectives, risks, charges and expenses of the Allianz RCM Global Eco Trends Fund carefully before investing. This and other information is contained in the Fund´s prospectus, which may be obtained by contacting your financial advisor, or by calling 888-877-4626. Click here for the Fund´s prospectus. Please read this prospectus carefully before you invest or send money.

An investment which focuses its holdings on Eco Energy, Pollution Control, and Clean Water, for example, will be more affected by positive or negative events affecting these sectors than a more diversified investment. Companies in Eco-Sectors may be particularly susceptible to factor such as environmental protection regulation, international or political developments, changes in government subsidy levels, conservation practices, and tax policies, for example. The Eco-Sectors are newly developing and strongly influenced by technological change. Rapid technological changes can render an existing product obsolete. Many companies in the Eco-Sectors may have limited operating histories and smaller-market capitalizations, making their stock prices particularly volatile. Their stocks may also represent less liquid investments than larger, more established companies.

Allianz RCM Global Eco Trends Fund is an interval fund, a type of closed-end fund that limits when investors can sell shares, in part, to give the manager more flexibility in managing the underlying assets. In contrast to an open-end mutual fund, this structure allows the manager to invest a greater portion of the Fund's assets in smaller, potentially less liquid securities, which are part of the Fund's investment universe. Under this structure, the Fund will make quarterly offers to repurchase shares in an amount set by its Board of Trustees; thus investors may not be able to sell their shares in the Fund when and/or in the amount that they desire. An investment in this Fund is suitable only for long-term investors who understand the risks associated with the limited liquidity of the Fund's common shares.

The Fund is a closed-end interval fund seeking long-term growth of capital. There is no guarantee the Fund will achieve its investment objective. While the Fund may invest in companies of any size, it may often invest a substantial portion of its assets in securities of smaller companies, including newly formed and early stage companies. The Fund may invest without limit in illiquid securities. Investors should note that the Fund is designed to provide exposure to a relatively narrow group of sectors and should be considered as only one element of a complete investment program. The Fund may also use derivative strategies for investment or hedging purposes. Use of these instruments may involve certain costs and risks such as liquidity risk, interest rate risk, market risk, credit risk, management risk and the risk that a fund could not close out a position when it would be most advantageous to do so. Portfolios investing in derivatives could lose more than the principal amount invested in those instruments.

The Fund is non-diversified and may focus its investments in a small group of companies or industries. The companies in which the Fund invests may have limited operating histories and/or small market capitalizations. The Fund's substantial exposure to non-U.S. securities, including emerging markets securities, also involves special risks, including political and economic risk and the risk of currency fluctuations; these risks may be enhanced in emerging markets.

© Copyright 2008. Allianz Global Investors Distributors LLC, 1345 Avenue of the Americas, New York, NY 10105-4800. All rights reserved. The contents of the Ecotrends Investing website and Allianz Global Investors site (www.allianzinvestors.com) on the Internet are protected by applicable copyright laws. No permission is granted to copy, distribute, modify, post or frame any text, graphics, video, audio, software code, or user interface design or logos.