The investment objective is to seek total return comprised of current income, current gains and long-term capital appreciation. The objective will be pursued by investing in a diversified portfolio of equity securities of companies located outside of the United States. A strategy of writing (selling) call options on equity indexes will be employed, and put options on such indexes may also be purchased. The Index Option Strategy is intended to generate current gains from options premiums as a means to enhance distributions payable to the shareholders and to reduce overall portfolio risk. However, the extent of the funds use of the option strategy will vary depending on market conditions and other factors; the Fund may determine from time to time to write call options (individual stocks and/or equity indexes) with respect to only a portion, or none, of the securities held in the international equity portfolio. Ordinarily at least 90% of the total assets will be invested in equity securities of companies located outside of the U.S., focusing primarily in companies represented in the Morgan Stanley Capital International (MSCI) Europe Australasia Far East (EAFE) Index (the MSCI EAFE Index), which consists of developed countries. However, there is the flexibility to invest up to 15% of the total assets in emerging market countries, and up to 10% of the total assets may be invested in securities of companies located in the U.S.
Links:  http://www.globalfunddata.com/funds/new/performance/management?variant=Allianz Group
 http://www.globalfunddata.com/funds/new/performance/domicile?variant=United States
 http://www.globalfunddata.com/funds/new/performance/strategy?variant=Foreign Large Value
 http://www.globalfunddata.com/funds/new/performance/structure?variant=Closed Ended Investment Company
 http://www.globalfunddata.com/funds/new/performance/custodian?variant=State Street Bank & Trust Co
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