The investment seeks after-inflation capital appreciation and current income.
The fund normally invests in certain affiliated mutual funds and exchange-traded funds sponsored by Allianz and PIMCO. It may invest without limit in underlying funds and may invest significantly in one or a small number of the underlying funds. Underlying funds in turn invest in or have exposure to return-generating assets and defensive assets. The fund may also utilize derivative instruments, such as options, forwards or futures contracts and swap agreements. The investment allocates ranges of 35% to 75% for return-generating assets and 25% to 65% for defensive assets.