Allianz Global Investors Distributors LLC (“AGID” or the “Firm”) has developed a Business Continuity Plan (the “Plan”) describing the Firm’s anticipated response to events that significantly disrupt its business. Because the timing and impact of disasters and disruptions is unpredictable, flexibility will be necessary when responding to actual events as they occur. With that in mind, the information below summarizes the Firm’s Business Continuity Plan.
AGID’s Business Continuity Plan
The Firm’s policy is to respond to a Significant Business Disruption (“SBD”) by safeguarding employees’ lives and Firm property, making a financial and operational assessment, quickly recovering and resuming operations, protecting all of the Firm’s books and records, and allowing the transaction of business to continue. In the event that the Firm determines business is unable to continue, Allianz Funds, Allianz Multi-Strategy Trust, Allianz Global Investors Managed Accounts Trust, and the Premier Multi-Series VIT shareholders and 529 Plan investors can be reasonably confident that problems with the business will not affect prompt access to their funds, securities and account records. AGID does not perform any type of clearing function for itself or others. Furthermore, it does not hold customer funds or securities. Transactions in Allianz Funds, the Allianz Multi-Strategy Trust, Allianz Global Investors Managed Accounts Trust, the Premier Multi-Series VIT, and the 529 Plans are processed either by the Funds’, Trust’s, or the Plan’s transfer agent, i.e., BFDS, or by third-party broker/dealers. BFDS maintains certain shareholders’ accounts, can grant those shareholders access to them, and can deliver funds and securities upon request.
AGID maintains a Business Continuity Plan designed to respond reasonably and effectively to events of varying scope. The Plan defines critical functions, staff assignments, alternate work locations, resource requirements, vital records, and assets related to restoring business operations with minimal impact. The Plan is reviewed and maintained on an annual basis to ensure that documented information is current and recovery strategies support the operations.
The Firm has an office located at 1633 Broadway, New York, NY 10019-7585, us.allianzgi.com, 800-926-4456. (Please note that BFDS receives mail, orders and payments for the Allianz Funds, Allianz Multi-Strategy Trust, Allianz Global Investors Managed Accounts Trust, the Premier Multi-Series VIT, and 529 Plans at their business office locations.)
As indicated above, the Firm does not maintain custody of Allianz Funds, Allianz Multi-Strategy Trust, Allianz Global Investors Managed Accounts Trust, or the Premier Multi-Series VIT shareholder funds, securities or records. In the event of an internal or external SBD, if Web access is available, the Firm will post on our website that customers may access their funds and securities by contacting BFDS at 816-435-1000. Interest holders in the College Access 529 Plan, MI529 Plan, and Oklahoma Dream 529 Plan will be instructed to contact 866-529-7462, 866-529-8818, and 877-529-9299, respectively. The Firm will make this information available to customers through its disclosure policy. Fund and Trust shareholders and 529 plan investors who deal with a third-party broker-dealer will be instructed to contact their broker-dealer regarding access to their funds and securities in such circumstances.
For more information – If you have questions about our business continuity planning, you can contact us at 212-739-3000.