Allianz PIMCO High Yield Income Fund

The Allianz Pimco High Yield Income Fund focuses on building a diversified portfolio primarily composed of bonds issued by global companies and governments with low to average credit ratings, aiming to achieve higher returns. The fund invests up to 20% of its assets in U.S. government bonds and, in rare cases, may allocate the entire portfolio to bank deposits or money market instruments to manage liquidity and risk. By actively selecting and weighting these higher-yielding securities beyond the standard benchmark, the fund seeks to outperform typical market indices through strategic investments in a variety of credit-sensitive debt instruments worldwide.