AllianzGI Global Water Fund A (AWTAX)

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

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

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

A Word About Risk: Investing in a limited number of issuers or sectors may increase risk and volatility. Investing in the water-related resource sectormay be significantly affected by events relating to international political and economic developments, water conservation, the success of explorationprojects, commodity prices and tax and other government regulations. Foreign markets may be more volatile, less liquid, less transparent and subjectto less oversight, and values may fluctuate with currency exchange rates; these risks may be greater in emerging markets. Derivative prices dependon the performance of an underlying asset; derivatives carry market, credit and liquidity risk.

The Standard & Poor’s Global Water Index is comprised of 50 of the largest publicly traded companies in water-related businesses that meet specific invest ability requirements. The Index is designed to provide liquid exposure to the leading publicly-listed companies in the global water industry, from both developed markets and emerging markets.

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.