Past performance is no guarantee of future results.  This is not an offer or solicitation for the purchase or sale of any financial instrument.  It is presented only to provide information on investment strategies and opportunities.  The material contains the current opinions of the commentator, which are subject to change without notice.  Statements concerning financial market trends are based on current market conditions, which will fluctuate.  References to specific securities and issuers are for illustrative purposes only and are not intended to be, and should not be interpreted as, recommendations to purchase or sell such securities.

Gross Domestic Product (GDP) is the value of all final goods and services produced in a specific country. It is the broadest measure of economic activity and the principal indicator of economic performance.

The Fund may invest its assets in the securities of companies located in developed countries outside the U.S. Investing in non-U.S. securities may entail risk due to foreign economic and political developments. The Fund may invest a percentage of its assets in U.S. companies. This Fund may use derivative instruments for hedging purposes or as part of its investment strategy. 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.

Allianz Global Investors Distributors LLC, 1345 Avenue of the Americas, New York, NY 10105-4800, www.allianzinvestors.com, 1-888-877-4626.   Investment Products: NOT FDIC INSURED / MAY LOSE VALUE / ARE NOT BANK GUARANTEED

Click here to view the Fund's top ten holdings and current sector weightings. All holdings are subject to change.
Click here to view the Fund's current month-end performance.