Fund Overview

Summary

The Fund seeks to maximize current income, to the extent consistent with the preservation of capital and liquidity, and the maintenance of a stable $1.00 per share NAV. The Fund invests as part of a “master-feeder” structure, in which the Fund currently invests substantially all of its investable assets in a Master Portfolio, the State Street Money Market Portfolio, with an identical investment objective. SSgA Funds Management, Inc. is the investment adviser of the Master Portfolio.

Why Invest in This Fund

Convenience and Liquidity

Shareholders can exchange between A and C share class holdings of other Allianz Funds into AllianzGI Money Market Fund without realizing any outstanding deferred sales charges. The Fund may also provide shareholders with a convenient vehicle for dollar-cost averaging (DCA) into another Allianz Fund. DCA is an investment strategy that involves buying more shares when prices are low and fewer when prices are high, with the goal of lowering the overall cost per share over time. Please note that only the A Share Class of the Money Market Fund is available for purchase. A DCA strategy does not ensure a profit or protect against a loss in declining markets and you should consider whether you would be willing to continue investing during declining markets.

Access to an Experienced Team

The master-feeder structure gives shareholders immediate access to a large and well-diversified money market portfolio run by a team that averages over 15 years of investment experience and manages billions of dollars on behalf of institutional and retail investors. The Master Portfolio’s management and credit teams monitor interest rate, market, and credit risks closely on a continuing basis.