AllianzGI U.S. Managed Volatility Fund A (NGWAX)

The daily section presents performance dating from the inception of the actual share class only.

 
Performance assumes reinvestment of dividends and capital gains distributions. Taxes on distributions or redemptions have not been deducted. 

A Word About Risk: Investments in smaller companies may be more volatile and less liquid than investments in larger companies. A high turnover rate may increase costs and taxes which can lower performance. Securities purchased in initial public offerings have no trading history, limited issuer information and increased volatility Derivative prices depend on the performance of an underlying asset; derivatives carry market, credit and liquidity risk. Prior to December 1, 2011, the Fund was managed pursuant to a different investment strategy and would not necessarily have achieved the performance results shown under its current investment strategy.

The Russell 1000 Index is an unmanaged index that consists of the 1,000 largest companies in the Russell 3000 Index and represents approximately 90% of the total market capitalization of the Russell 3000 Index. It is highly correlated with the S&P 500 Index. The Russell 3000 Index is an unmanaged index generally representative of the U.S. market for large domestic stocks, as determined by total market capitalization, and which represents approximately 98% of the investable U.S. equity market. Unless otherwise noted, index returns reflect the reinvestment of dividends and capital gains, if any, but do not reflect fees, brokerage commissions or other expenses of investing. It is not possible to invest directly in an index.

The Lipper Category returns and rankings are calculated by Lipper Inc., a Reuters Company, which is a nationally recognized organization that compares the performance of mutual funds with similar investment objectives. The Category returns represent the average performance of included funds, while rankings compare an individual fund's returns to those of the other funds in its category. Both are based on total return performance, with capital gains and dividends reinvested, with annual operating expenses deducted, but without including front- or back-end sales charges. Rankings begin with the actual share class inception. Rankings are relative to a peer group and do not necessarily mean that the fund had high total returns.

Growth of $10,000 is calculated at NAV and assumes that all dividend and capital gain distributions were reinvested. It does not take into account sales charges or the effect of taxes. Results are not indicative of future performance.

The performance number from the year of the Fund's inception is the cumulative return over a partial year.