Auris X Allianz Global Equities ESG R USD Acc

Investment Objective: The Fund primary investment objective is to seek long-term capital appreciation. Index: MSCI ACWI denominated in USD. The Fund is actively managed by the Investment Manager with the aim of achieving its investment objective. The benchmark indicator is used retrospectively as a comparative assessment. Consequently, the Investment Manager's investment decisions are in no way constrained or limited by the components of the benchmark indicator or the weighting of each of them. Thus, the composition of the Fund’s portfolio may differ significantly from that of the benchmark indicator. Investment Strategy: The Fund invests at least two-thirds of its total assets in equity securities of companies located worldwide, diversifying holdings across sectors, industries and countries, but in no fewer than three countries, which may include the United States, and may invest more than 25% of its total assets in any one country. At times the Investment Manager may emphasise one or more particular sectors or countries. The Fund invests maximum 70% of the Fund's total assets in equity securities of issuers incorporated in the US. The Fund invests primarily in developed countries but may invest up to 20% of the Fund's total assets in emerging market equity securities if the opportunity arises. The Fund seeks to add value above the MSCI ACWI Index through research-intensive bottom-up stock selection. The approach is driven by fundamental company research from a global perspective, utilising a long-term focus that is intended to take advantage of investment opportunities presented by what the Investment Manager believes are short-term price anomalies in high-quality stocks. The Investment Manager performs fundamental research to identify securities for the portfolio with one or more catalysts that the Investment Manager believes will unlock the intrinsic value of the securities over the investment horizon (minimum five years). These catalysts may include productive use of strong free cash flow, productivity gains, positive change in management or control, innovative or competitively superior products, increasing shareholder focus, or resolution of ancillary problems or misperceptions. The Investment Manager reserves the right to hedge the portfolio's foreign currency exposure by purchasing or selling currency futures and foreign currency forward contracts. However, under normal circumstances, the Investment Manager will not engage in extensive foreign currency hedging. The Fund agrees to comply with the following net asset exposures: a) From 60% to 100% on stocks markets for all geographical areas, all sectors and all market cap sizes b) From 0% to 100% on foreign exchange risk. The reference currency of the Fund is the US Dollar. The investor can buy or sell shares of the Fund on every day which is a bank business day in Luxembourg, at 17:00 (Paris time). Incomes of the Fund are reinvested.