Allianz Core Private Markets Fund

The risk and reward indicator can have a value of 1 (typically lower returns; lower risk) to 7 (typically higher returns; higher risk). A risk and reward indicator is identified for each fund, which is calculated based on the fund’s volatility. The volatility describes how much the value of the fund rose or fell historically. In the past, the funds in risk and reward profile categories 1 to 7 have had very low (category 1) to very high (category 7) volatility. The shares of a fund in risk and reward profile categories 1 to 7 may be subject to very low to very high price fluctuations based on the historical volatilities observed.