0001104659-12-068699.txt : 20121011 0001104659-12-068699.hdr.sgml : 20121011 20121011160829 ACCESSION NUMBER: 0001104659-12-068699 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 8 FILED AS OF DATE: 20121011 DATE AS OF CHANGE: 20121011 EFFECTIVENESS DATE: 20121011 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Allianz Funds Multi-Strategy Trust CENTRAL INDEX KEY: 0001423227 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-22167 FILM NUMBER: 121140139 BUSINESS ADDRESS: STREET 1: C/O ALLIANZ GLOBAL INVESTORS STREET 2: 1633 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212-739-3000 MAIL ADDRESS: STREET 1: C/O ALLIANZ GLOBAL INVESTORS STREET 2: 1633 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10019 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Allianz Funds Multi-Strategy Trust CENTRAL INDEX KEY: 0001423227 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 333-148624 FILM NUMBER: 121140140 BUSINESS ADDRESS: STREET 1: C/O ALLIANZ GLOBAL INVESTORS STREET 2: 1633 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212-739-3000 MAIL ADDRESS: STREET 1: C/O ALLIANZ GLOBAL INVESTORS STREET 2: 1633 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10019

0001423227 S000038495 Allianz AGIC Structured Alpha Fund

C000118770 Institutional

C000118771 P

C000118772 D

C000118773 A

C000118774 C

0001423227 S000038496 Allianz AGIC U.S. Equity-Hedged Fund

C000118775 C

C000118776 Institutional

C000118777 P

C000118778 D

C000118779 A

0001423227 S000038497 Allianz NFJ Emerging Markets Value Fund

C000118780 Institutional

C000118781 P

C000118782 D

C000118783 A

C000118784 C

485BPOS 1 a12-22892_1485bpos.htm 485BPOS

As Filed with the Securities and Exchange Commission on October 11, 2012

1933 Act File No. 333-148624
1940 Act File No. 811-22167

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-1A

REGISTRATION STATEMENT Under THE SECURITIES ACT OF 1933		x
Pre-Effective Amendment No.		o
Post-Effective Amendment No. 45		x
REGISTRATION STATEMENT Under THE INVESTMENT COMPANY ACT OF 1940		x
Amendment No. 47		x

Allianz Funds Multi-Strategy Trust

(Exact Name of Registrant as Specified in Charter)

1633 Broadway, New York, NY 10019
(Address of principal executive offices) (Zip code)

(888) 852-3922
(Registrant’s telephone number, including area code)

Brian S. Shlissel
c/o Allianz Global Investors Fund Management LLC
1633 Broadway
New York, NY 10019
Name and address of agent for service:

Copies to:

Thomas J. Fuccillo, Esq.
c/o Allianz Global Investors Fund Management LLC
1633 Broadway
New York, NY 10019

David C. Sullivan, Esq.
Ropes & Gray LLP
Prudential Tower
800 Boylston Street
Boston, MA 02199

Approximate date of Proposed Public offering : As soon as practicable after the effective date of this Registration statement.

It is proposed that this filing will become effective (check appropriate box):

x Immediately upon filing pursuant to paragraph (b)

o On [date] pursuant to paragraph (b)

o 60 days after filing pursuant to paragraph (a)(1)

o On [date] pursuant to paragraph (a)(1)

o 75 days after filing pursuant to paragraph (a)(2)

o On [date] pursuant to paragraph (a)(2) of Rule 485

If appropriate, check the following box:

o This post-effective amendment designates a new effective date for a previously filed post-effective amendment.

Explanatory Note: This Post-Effective Amendment (“PEA”) No. 45 to the Trust’s Registration Statement on Form N-1A hereby incorporates Parts A, B and C from the Trust’s PEA No. 44 on Form N-1A filed October 3, 2012. This PEA No. 45 is filed for the sole purpose of submitting the XBRL exhibit for the risk/return summary first provided in PEA No. 44 to the Trust’s Registration Statement.

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it has met all the requirements for effectiveness of this Post-Effective Amendment No. 45 (the “Amendment”) to this Registration Statement pursuant to Rule 485(b) of the Securities Act of 1933 and has duly caused this Amendment to be signed on its behalf by the undersigned, thereto duly authorized, in the City of New York, and the State of New York on the 11th day of October, 2012.

	ALLIANZ FUNDS MULTI-STRATEGY TRUST

	By:	/s/ Brian S. Shlissel

	Name:	Brian S. Shlissel
	Title:	President

Pursuant to the requirements of the Securities Act of 1933, this Amendment has been signed below by the following persons in the capacities and on the dates indicated.

Signature	Title	Date

/s/ Brian S. Shlissel	President	October 11, 2012
Brian S. Shlissel

Lawrence G. Altadonna*	Treasurer and Principal Financial and
Lawrence G. Altadonna	Accounting Officer

Bradford K. Gallagher*	Trustee
Bradford K. Gallagher

James A. Jacobson*	Trustee
James A. Jacobson

Hans W. Kertess*	Trustee
Hans W. Kertess

John C. Maney*	Trustee
John C. Maney

William B. Ogden, IV*	Trustee
William B. Ogden, IV

Alan Rappaport*	Trustee
Alan Rappaport

Deborah A. DeCotis*	Trustee
Deborah A. DeCotis

	*By:	/s/ Brian S. Shlissel

		Brian S. Shlissel
		Attorney-In-Fact and Agent for the Individuals Noted Above
		Date: October 11, 2012

EXHIBIT INDEX

Index No.		Description of Exhibit

EX-101.INS		XBRL Instance Document
EX-101.SCH		XBRL Taxonomy Extension Schema Document
EX-101.CAL		XBRL Taxonomy Extension Calculation Linkbase
EX-101.DEF		XBRL Taxonomy Extension Definition Linkbase
EX-101.LAB		XBRL Taxonomy Extension Labels Linkbase
EX-101.PRE		XBRL Taxonomy Extension Presentation Linkbase

EX-101.INS 2 ck0001423227-20121003.xml XBRL INSTANCE DOCUMENT 485BPOS 2012-10-03 0001423227 2012-10-03 Allianz Funds Multi-Strategy Trust false 2012-10-03 2012-10-03 <tt>The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). High levels of portfolio turnover may indicate higher transaction costs and may result in higher taxes for you if your Fund shares are held in a taxable account. These costs, which are not reflected in Total Annual Fund Operating Expenses or in the Examples above, can adversely affect the Fund's investment performance.</tt> <div style="display:none">~ http://www.allianzinvestors.com/role/ExpenseExample_S000038497Member2 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <tt>The Fund seeks long-term capital appreciation.</tt> <tt>The Examples are intended to help you compare the cost of investing in shares of the Fund with the costs of investing in other mutual funds. The Examples assume that you invest $10,000 in the noted class of shares for the time periods indicated, your investment has a 5% return each year, and the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, the Examples show what your costs would be based on these assumptions. The Examples are based, for the first year, on Total Annual Fund Operating Expenses After Expense Reductions and, for all other periods, on Total Annual Fund Operating Expenses.</tt> <tt>The Fund seeks to achieve its investment objective by normally investing at least 80% of its net assets (plus borrowings made for investment purposes) in equity securities of companies that are domiciled in or tied economically to countries with emerging securities markets-that is, countries with securities markets which are, in the opinion of the portfolio managers, less sophisticated than more developed markets in terms of participation by investors, analyst coverage, liquidity and regulation. The Fund may invest up to 10% of its net assets in a particular industry. The Fund may achieve its exposure to non-U.S. equity securities in several ways, including through investing in American Depositary Receipts (ADRs) and other depositary receipts, in addition to direct investments in the securities of non-U.S. issuers. In selecting investments for the Fund, the portfolio managers use a value investing style focusing on equity securities of companies whose securities the portfolio managers believe have low valuations, including smaller capitalization securities and real estate investment trusts (REITs). The portfolio managers partition the Fund's initial selection universe of non-U.S. and U.S. companies for dividend-paying value opportunities across the emerging markets to determine potential holdings for the Fund representing broad diversification by sector, industry, country and issue. The portfolio managers use quantitative factors to screen the Fund's selection universe, analyzing factors such as price-to-earnings ratios (i.e., share price relative to a company's earnings), dividend yield, price-to-book ratios (i.e., share price relative to a company's balance sheet value), price-to-cash-flow ratios (i.e., share price relative to a company's cash flow). After still further narrowing the universe through a combination of qualitative analysis and fundamental research, the portfolio managers select approximately 125 to 175 securities for the Fund. The portfolio managers may consider selling a security when any of the factors leading to its purchase materially changes or when a more attractive candidate is identified, including when an alternative security demonstrates a lower price-to-earnings ratio, a higher dividend yield or other, favorable qualitative metrics. In response to unfavorable market and other conditions, the Fund may deviate from its principal strategies by making temporary investments of some or all of its assets in high-quality fixed income securities, cash and cash equivalents. The Fund may be less likely to achieve its investment objective when it does so.</tt> Allianz NFJ Emerging Markets Value Fund You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Class A Shares of eligible funds that are part of the family of mutual funds sponsored by Allianz. Examples. Other expenses are based upon estimated amounts for the Fund's initial fiscal year ending November 30, 2013 and include organizational expenses. Performance information for the Fund will be available after the Fund completes a full calendar year of operation. Investment Objective It is possible to lose money on an investment in the Fund. Principal Risks Shareholder Fees (fees paid directly from your investment) Example: Assuming you redeem your shares at the end of each period Performance Information 50000 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Portfolio Turnover. <tt>The Fund's net asset value, yield and total return will be affected by the allocation determinations, investment decisions and techniques of the Fund's management, factors specific to the issuers of securities and other instruments in which the Fund invests, including actual or perceived changes in the financial condition or business prospects of such issuers, and factors influencing the U.S. or global economies and securities markets or relevant industries or sectors within them (Management Risk, Issuer Risk, Market Risk). Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer, and securities issued by smaller companies may be more volatile and present increased liquidity risk (Equity Securities Risk, Smaller Company Risk). Non-U.S. securities markets and issuers may be more volatile, smaller, less-liquid, less transparent and subject to less oversight, particularly in emerging markets, and non-U.S. securities values may also fluctuate with currency exchange rates (Non-U.S. Investment Risk, Emerging Markets Risk, Currency Risk). Other principal risks include: Credit Risk (an issuer or counterparty may default on obligations); Liquidity Risk (the lack of an active market for investments may cause delay in disposition or force a sale below fair value); REIT Risk (adverse changes in the real estate markets may affect the value of REIT investments); and Turnover Risk (high levels of portfolio turnover increase transaction costs and taxes and may lower investment performance). Please see "Summary of Principal Risks" in the Fund's statutory prospectus for a more detailed description of the Fund's risks. It is possible to lose money on an investment in the Fund. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</tt> Fees and Expenses of the Fund Principal Investment Strategies <tt>Performance information for the Fund will be available after the Fund completes a full calendar year of operation.</tt> <tt>The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Class A Shares of eligible funds that are part of the family of mutual funds sponsored by Allianz. More information about these and other discounts is available in the "Classes of Shares" section beginning on page 27 of the Fund's statutory prospectus or from your financial advisor.</tt> <div style="display:none">~ http://www.allianzinvestors.com/role/OperatingExpensesData_S000038497Member2 column primary compact * row dei_LegalEntityAxis compact * row rr_ProspectusShareClassAxis compact * ~</div> Example: Assuming you do not redeem your shares An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. <div style="display:none">~ http://www.allianzinvestors.com/role/ExpenseExampleNoRedemption_S000038497Member2 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.allianzinvestors.com/role/ShareholderFeesData_S000038497Member2 column primary compact * row dei_LegalEntityAxis compact * row rr_ProspectusShareClassAxis compact * ~</div> 0.0000 333 233 2154 -0.1181 0.1211 0.0100 2013-12-31 2154 0.0100 0.0230 0.1411 0.01 0.0550 699 699 2401 -0.1181 0.1211 0.0100 2013-12-31 2401 0.0025 0.0155 0.1336 0.01 <tt>The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). High levels of portfolio turnover may indicate higher transaction costs and may result in higher taxes for you if your Fund shares are held in a taxable account. These costs, which are not reflected in Total Annual Fund Operating Expenses or in the Examples above, can adversely affect the Fund's investment performance.</tt> <div style="display:none">~ http://www.allianzinvestors.com/role/ExpenseExample_S000038497Member1 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <tt>The Fund seeks long-term capital appreciation.</tt> <tt>The Examples are intended to help you compare the cost of investing in shares of the Fund with the costs of investing in other mutual funds. The Examples assume that you invest $10,000 in the noted class of shares for the time periods indicated, your investment has a 5% return each year, and the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, the Examples show what your costs would be based on these assumptions. The Examples are based, for the first year, on Total Annual Fund Operating Expenses After Expense Reductions and, for all other periods, on Total Annual Fund Operating Expenses.</tt> <tt>The Fund seeks to achieve its investment objective by normally investing at least 80% of its net assets (plus borrowings made for investment purposes) in equity securities of companies that are domiciled in or tied economically to countries with emerging  securities markets-that is, countries with securities markets which are, in the opinion of the portfolio managers, less sophisticated than more developed markets in terms of participation by investors, analyst coverage, liquidity and regulation. The Fund may invest up to 10% of its net assets in a particular industry. The Fund may achieve its exposure to non-U.S. equity securities in several ways, including through investing in American Depositary Receipts (ADRs) and other depositary receipts, in addition to direct investments in the securities of non-U.S. issuers. In selecting investments for the Fund, the portfolio managers use a value investing style focusing on equity securities of companies whose securities the portfolio managers believe have low valuations, including smaller capitalization securities and real estate investment trusts (REITs). The portfolio managers partition the Fund's initial selection universe of non-U.S. and U.S. companies for dividend-paying value opportunities across the emerging markets to determine potential holdings for the Fund representing broad diversification by sector, industry, country and issue. The portfolio managers use quantitative factors to screen the Fund's selection universe, analyzing factors such as price-to-earnings ratios (i.e., share price relative to a company's earnings), dividend yield, price-to-book ratios (i.e., share price relative to a company's balance sheet value), price-to-cash-flow ratios (i.e., share price relative to a company's cash flow). After still further narrowing the universe through a combination of qualitative analysis and fundamental research, the portfolio managers select approximately 125 to 175 securities for the Fund. The portfolio managers may consider selling a security when any of the factors leading to its purchase materially changes or when a more attractive candidate is identified, including when an alternative security demonstrates a lower price-to-earnings ratio, a higher dividend yield or other, favorable qualitative metrics. In response to unfavorable market and other conditions, the Fund may deviate from its principal strategies by making temporary investments of some or all of its assets in high-quality fixed income securities, cash and cash equivalents. The Fund may be less likely to achieve its investment objective when it does so.</tt> Allianz NFJ Emerging Markets Value Fund Examples. Other expenses are based upon estimated amounts for the Fund's initial fiscal year ending November 30, 2013 and include organizational expenses. Performance information for the Fund will be available after the Fund completes a full calendar year of operation. Investment Objective It is possible to lose money on a investment in the Fund. Principal Risks Shareholder Fees (fees paid directly from your investment) None Performance Information Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Portfolio Turnover. <tt>The Fund's net asset value, yield and total return will be affected by the allocation determinations, investment decisions and techniques of the Fund's management, factors specific to the issuers of securities and other instruments in which the Fund invests, including actual or perceived changes in the financial condition or business prospects of such issuers, and factors influencing the U.S. or global economies and securities markets or relevant industries or sectors within them (Management Risk, Issuer Risk, Market Risk). Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer, and securities issued by smaller companies may be more volatile and present increased liquidity risk (Equity Securities Risk, Smaller Company Risk). Non-U.S. securities markets and issuers may be more volatile, smaller, less-liquid, less transparent and subject to less oversight, particularly in emerging markets, and non-U.S. securities values may also fluctuate with currency exchange rates (Non-U.S. Investment Risk, Emerging Markets Risk, Currency Risk). Other principal risks include: Credit Risk (an issuer or counterparty may default on obligations); Liquidity Risk (the lack of an active market for investments may cause delay in disposition or force a sale below fair value); REIT Risk (adverse changes in the real estate markets may affect the value of REIT investments); and Turnover Risk (high levels of portfolio turnover increase transaction costs and taxes and may lower investment performance). Please see "Summary of Principal Risks" in the Fund's statutory prospectus for a more detailed description of the Fund's risks. It is possible to lose money on an investment in the Fund. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</tt> Fees and Expenses of the Fund Principal Investment Strategies <tt>Performance information for the Fund will be available after the Fund completes a full calendar year of operation.</tt> <tt>The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.</tt> <div style="display:none">~ http://www.allianzinvestors.com/role/OperatingExpensesData_S000038497Member1 column primary compact * row dei_LegalEntityAxis compact * row rr_ProspectusShareClassAxis compact * ~</div> An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. 158 1959 -0.1181 0.1211 0.0100 2013-12-31 0.0025 0.0155 0.1336 143 1919 -0.1181 0.1221 0.0100 2013-12-31 0.0000 0.0140 0.1321 132 1892 -0.1181 0.1211 0.0100 2013-12-31 0.0000 0.0130 0.1311 <tt>The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). High levels of portfolio turnover may indicate higher transaction costs and may result in higher taxes for you if your Fund shares are held in a taxable account. These costs, which are not reflected in Total Annual Fund Operating Expenses or in the Examples above, can adversely affect the Fund's investment performance.</tt> <div style="display:none">~ http://www.allianzinvestors.com/role/ExpenseExample_S000038496Member2 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <tt>The Fund seeks capital appreciation, with added emphasis on the protection of capital during unfavorable market conditions.</tt> <tt>The Examples are intended to help you compare the cost of investing in shares of the Fund with the costs of investing in other mutual funds. The Examples assume that you invest $10,000 in the noted class of shares for the time periods indicated, your investment has a 5% return each year, and the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, the Examples show what your costs would be based on these assumptions. The Examples are based, for the first year, on Total Annual Fund Operating Expenses After Expense Reductions and, for all other periods, on Total Annual Fund Operating Expenses.</tt> <tt>The Fund seeks to achieve its investment objective by normally investing at least 80% of its net assets (plus borrowings made for investment purposes) in common stocks of U.S. companies. The Fund currently defines "U.S. companies" as those companies that are deemed to be domiciled in the United States for purposes of their geographical eligibility for inclusion in the S&P 500 Index, a broad-based index of U.S. stocks. The Fund expects to invest typically in all 500 stocks included in the S&P 500 Index, and seeks to replicate approximately the relative weighting of those stocks on the S&P 500 Index. To the extent the portfolio managers identify efficiencies in achieving exposure to desired stocks through other instruments, the Fund may complement its direct stock positions with temporary or medium-term investments in stock index futures, exchange traded funds (ETFs) and other derivative instruments. The portfolio managers may consider selling a particular position if the security ceases to be included on the S&P 500 Index (either through quarterly rebalancing of the index or otherwise) or if a more attractive means of achieving the same exposure is identified. Because the S&P 500 Index does not incur the types of transaction costs that the Fund bears in connection with rebalancing and responding to cash flows, the Fund's stock portfolio (regardless of whether through direct or indirect holdings) may consistently underperform the S&P 500 Index. Under normal market and other conditions, in addition to the stock portfolio described above, the Fund seeks to employ a strategy of investing in exchange-traded options or FLEX options (i.e. listed options that are traded on an exchange, but with customized strike prices and expiration dates) that, when paired with the equity portfolio, promote the protection of capital during unfavorable market conditions (the "Index Option Strategy").The Fund will utilize (buy) equity index put options (long puts) on U.S. equity indexes with the purpose of protecting the Fund from a significant market decline while limiting the cost and interference of this "protection," and will write (sell) equity index call options (short calls) on U.S. equity indexes to offset some or all of the cost of the put options. Under normal market conditions, the option positions will consist of long puts with notional value roughly equal to the full value of the Fund's stock portfolio, expiring in roughly equal proportions over longer periods (e.g., the next 12 months), and short call positions expiring over a shorter period (e.g. less than 45 days) with notional value roughly equal to the full value of the Fund's stock portfolio. Additionally, when a new long put position is established in periods of elevated volatility, the portfolio managers may seek to pair it with a short put at a strike price below the coinciding long put. All options are expected to be held to expiration (unless redemptions require earlier close-out), and strike prices are systematically selected. In pursuing the Index Option Strategy, the Fund generally will not be able to offset the full cost of the "protection" it is seeking and must keep significant cash and cash equivalents available, and therefore the Fund will typically underperform the S&P 500 Index during periods of market increases and slight market decreases. In response to unusual market and other conditions, the Fund may deviate from its principal strategies by making temporary investments of some or all of its assets in long call options or call option spreads, high-quality fixed income securities, cash and cash equivalents. The Fund may not achieve its investment objective when it does so.</tt> Allianz AGIC U.S. Equity Hedged Fund You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Class A Shares of eligible funds that are part of the family of mutual funds sponsored by Allianz. Examples. Other expenses are based upon estimated amounts for the Fund's initial fiscal year ending November 30, 2013 and include organizational expenses. Performance information for the Fund will be available after the Fund completes a full calendar year of operation. Investment Objective It is possible to lose money on an investment in the Fund. Principal Risks Shareholder Fees (fees paid directly from your investment) Example: Assuming you redeem your shares at the end of each period Performance Information 50000 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Portfolio Turnover. <tt>The Fund's net asset value, yield and total return will be affected by the allocation determinations, investment decisions and techniques of the Fund's management, factors specific to the issuers of securities and other instruments in which the Fund invests, including actual or perceived changes in the financial condition or business prospects of such issuers, and factors influencing the U.S. or global economies and securities markets or relevant industries or sectors within them (Management Risk, Issuer Risk, Market Risk). Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer (Equity Securities Risk). Other principal risks include: Credit Risk (an issuer or counterparty may default on obligations); Derivatives Risk (derivative instruments are complex, have different characteristics than their underlying assets and are subject to additional risks, including leverage, liquidity and valuation); Leveraging Risk (instruments and transactions that constitute leverage magnify gains or losses and increase volatility); Liquidity Risk (the lack of an active market for investments may cause delay in disposition or force a sale below fair value); and Turnover Risk (high levels of portfolio turnover increase transaction costs and taxes and may lower investment performance). Please see "Summary of Principal Risks" in the Fund's statutory prospectus for a more detailed description of the Fund's risks. It is possible to lose money on an investment in the Fund. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</tt> Fees and Expenses of the Fund Principal Investment Strategies <tt>Performance information for the Fund will be available after the Fund completes a full calendar year of operation.</tt> <tt>The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to inves in the future, at least $50,000 in Class A Shares of eligible funds that are part of the family of mutual funds sponsored by Allianz. More information about these and other discounts is available in the "Classes of Shares" section beginning on page 27 of the Fund's statutory prospectus or from your financial advisor.</tt> <div style="display:none">~ http://www.allianzinvestors.com/role/OperatingExpensesData_S000038496Member2 column primary compact * row dei_LegalEntityAxis compact * row rr_ProspectusShareClassAxis compact * ~</div> Example: Assuming you do not redeem your shares An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. <div style="display:none">~ http://www.allianzinvestors.com/role/ExpenseExampleNoRedemption_S000038496Member2 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.allianzinvestors.com/role/ShareholderFeesData_S000038496Member2 column primary compact * row dei_LegalEntityAxis compact * row rr_ProspectusShareClassAxis compact * ~</div> 0.0000 303 203 1429 -0.0698 0.0728 0.0070 2013-12-31 1429 0.0100 0.0200 0.0898 0.01 0.0550 670 670 1699 -0.0698 0.0728 0.0070 2013-12-31 1699 0.0025 0.0125 0.0823 0.01 <tt>The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). High levels of portfolio turnover may indicate higher transaction costs and may result in higher taxes for you if your Fund shares are held in a taxable account. These costs, which are not reflected in Total Annual Fund Operating Expenses or in the Examples above, can adversely affect the Fund's investment performance.</tt> <div style="display:none">~ http://www.allianzinvestors.com/role/ExpenseExample_S000038496Member1 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <tt>The Fund seeks capital appreciation, with added emphasis on the protection of capital during unfavorable market conditions.</tt> <tt>The Examples are intended to help you compare the cost of investing in shares of the Fund with the costs of investing in other mutual funds. The Examples assume that you invest $10,000 in the noted class of shares for the time periods indicated, your investment has a 5% return each year, and the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, the Examples show what your costs would be based on these assumptions. The Examples are based, for the first year, on Total Annual Fund Operating Expenses After Expense Reductions and, for all other periods, on Total Annual Fund Operating Expenses.</tt> <tt>The Fund seeks to achieve its investment objective by normally investing at least 80% of its net assets (plus borrowings made for investment purposes) in common stocks of U.S. companies. The Fund currently defines "U.S. companies" as those companies that are deemed to be domiciled in the United States for purposes of their geographical eligibility for inclusion in the S&P 500 Index, a broad-based index of U.S. stocks. The Fund expects to invest typically in all 500 stocks included in the S&P 500 Index, and seeks to replicate approximately the relative weighting of those stocks on the S&P 500 Index. To the extent the portfolio managers identify efficiencies in achieving exposure to desired stocks through other instruments, the Fund may complement its direct stock positions with temporary or medium-term investments in stock index futures, exchange traded funds (ETFs) and other derivative instruments. The portfolio managers may consider selling a particular position if the security ceases to be included on the S&P 500 Index (either through quarterly rebalancing of the index or otherwise) or if a more attractive means of achieving the same exposure is identified. Because the S&P 500 Index does not incur the types of transaction costs that the Fund bears in connection with rebalancing and responding to cash flows, the Fund's stock portfolio (regardless of whether through direct or indirect holdings) may consistently underperform the S&P 500 Index. Under normal market and other conditions, in addition to the stock portfolio described above, the Fund seeks to employ a strategy of investing in exchange-traded options or FLEX options (i.e. listed options that are traded on an exchange, but with customized strike prices and expiration dates) that, when paired with the equity portfolio, promote the protection of capital during unfavorable market conditions (the "Index Option Strategy").The Fund will utilize (buy) equity index put options (long puts) on U.S. equity indexes with the purpose of protecting the Fund from a significant market decline while limiting the cost and interference of this "protection," and will write (sell) equity index call options (short calls) on U.S. equity indexes to offset some or all of the cost of the put options. Under normal market conditions, the option positions will consist of long puts with notional value roughly equal to the full value of the Fund's stock portfolio, expiring in roughly equal proportions over longer periods (e.g., the next 12 months), and short call positions expiring over a shorter period (e.g. less than 45 days) with notional value roughly equal to the full value of the Fund's stock portfolio. Additionally, when a new long put position is established in periods of elevated volatility, the portfolio managers may seek to pair it with a short put at a strike price below the coinciding long put. All options are expected to be held to expiration (unless redemptions require earlier close-out), and strike prices are systematically selected. In pursuing the Index Option Strategy, the Fund generally will not be able to offset the full cost of the "protection" it is seeking and must keep significant cash and cash equivalents available, and therefore the Fund will typically underperform the S&P 500 Index during periods of market increases and slight market decreases. In response to unusual market and other conditions, the Fund may deviate from its principal strategies by making temporary investments of some or all of its assets in long call options or call option spreads, high-quality fixed income securities, cash and cash equivalents. The Fund may not achieve its investment objective when it does so.</tt> Allianz AGIC U.S. Equity Hedged Fund Examples. Other expenses are based upon estimated amounts for the Fund's initial fiscal year ending November 30, 2013 and include organizational expenses. Performance information for the Fund will be available after the Fund completes a full calendar year of operation. Investment Objective It is possible to lose money on an investment in the Fund. Principal Risks Shareholder Fees (fees paid directly from your investment) None Performance Information Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Portfolio Turnover. <tt>The Fund's net asset value, yield and total return will be affected by the allocation determinations, investment decisions and techniques of the Fund's management, factors specific to the issuers of securities and other instruments in which the Fund invests, including actual or perceived changes in the financial condition or business prospects of such issuers, and factors influencing the U.S. or global economies and securities markets or relevant industries or sectors within them (Management Risk, Issuer Risk, Market Risk). Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer (Equity Securities Risk). Other principal risks include: Credit Risk (an issuer or counterparty may default on obligations); Derivatives Risk (derivative instruments are complex, have different characteristics than their underlying assets and are subject to additional risks, including leverage, liquidity and valuation); Leveraging Risk (instruments and transactions that constitute leverage magnify gains or losses and increase volatility); Liquidity Risk (the lack of an active market for investments may cause delay in disposition or force a sale below fair value); and Turnover Risk (high levels of portfolio turnover increase transaction costs and taxes and may lower investment performance). Please see "Summary of Principal Risks" in the Fund's statutory prospectus for a more detailed description of the Fund's risks. It is possible to lose money on an investment in the Fund. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</tt> Fees and Expenses of the Fund Principal Investment Strategies <tt>Performance information for the Fund will be available after the Fund completes a full calendar year of operation.</tt> <tt>The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.</tt> <div style="display:none">~ http://www.allianzinvestors.com/role/OperatingExpensesData_S000038496Member1 column primary compact * row dei_LegalEntityAxis compact * row rr_ProspectusShareClassAxis compact * ~</div> An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. 127 1216 -0.0698 0.0728 0.0070 2013-12-31 0.0025 0.0125 0.0823 112 1173 -0.0698 0.0738 0.0070 2013-12-31 0.0000 0.0110 0.0808 102 1144 -0.0698 0.0728 0.0070 2013-12-31 0.0000 0.0100 0.0798 <tt>The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). High levels of portfolio turnover may indicate higher transaction costs and may result in higher taxes for you if your Fund shares are held in a taxable account. These costs, which are not reflected in Total Annual Fund Operating Expenses or in the Examples above, can adversely affect the Fund's investment performance.</tt> <div style="display:none">~ http://www.allianzinvestors.com/role/ExpenseExample_S000038495Member2 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <tt>The Fund seeks to generate attractive risk-adjusted absolute returns through a complete market cycle.</tt> <tt>The Examples are intended to help you compare the cost of investing in shares of the Fund with the costs of investing in other mutual funds. The Examples assume that you invest $10,000 in the noted class of shares for the time periods indicated, your investment has a 5% return each year, and the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, the Examples show what your costs would be based on these assumptions. The Examples are based, for the first year, on Total Annual Fund Operating Expenses After Expense Reductions and, for all other periods, on Total Annual Fund Operating Expenses.</tt> <tt>The Fund seeks to achieve its investment objective by investing significantly in exchange-traded listed and FLEX U.S. equity index options, while holding cash and cash equivalents as collateral for option investments. Under normal market conditions, the Fund will hold the majority of its assets in cash and cash equivalents such as U.S. Treasury bills. The portfolio managers will select these in an effort to maintain a stable portfolio base as collateral for the index option spread strategy described below. Using a portion of its cash and cash equivalents as collateral, the portfolio managers utilize a combination of proprietary models to construct paired option positions, or so-called "option spreads," typically by buying and selling put options and call options on equity indexes such as the S&P 500 Index, Russell 2000 Index and NASDAQ 100. Call options are contracts representing the right to purchase the underlying instrument at a specified price (the "strike price") at or before a specified future date (the "expiration date"), while put options represent the right to sell the underlying instrument at the strike price on or before the expiration date. Index options, which are not based on a single underlying security, are typically cash-settled without requiring delivery. The Fund may buy and sell exchange-traded options and FLEX options (i.e., listed options that are traded on an exchange but with customized strike prices and expiration dates). Option spreads are typically created by buying and selling options of the same class on the same underlying instrument but with different strike prices or expiration dates. The number of contracts bought and sold can be different in a spread (normally called a "ratio spread") or they can be the same. The portfolio managers seek to create option-based "profit zones" that upon expiration of the combination of individual option positions that make up the option spread will capture positive payoffs if the level of the underlying index (or other instrument) ends up within the chosen "profit zone." The Fund seeks to optimize spread positions and profit zones based on (a) targeted positive return potential, (b) structural risk protections, (c) collateral management, and (d) flexibility to restructure profit zones if necessary. The Fund intends to invest in 50 to 100 option spreads, consisting of 50 to 400 individual option positions, and may buy or sell put or call index options that are not paired as part of an option spread. The duration of individual option positions will normally range from 20 to 75 days at inception. The gross notional value of options held by the Fund may significantly exceed the current net asset value of the Fund at any time. To the extent the Fund enters into option positions that are only partially or not at all paired as part of an option spread, the Fund may have greater exposure to rapid deterioration of the portfolio and should be deemed speculative. The Fund may invest in exchange traded funds ("ETFs") and exchange traded notes ("ETNs"), including ETFs and ETNs that provide exposure to market volatility, either as an offset or as an addition to option-based trades. The Fund may utilize foreign currency exchange contracts, options, stock index futures contracts and other derivative instruments. In response to unfavorable market and other conditions, the Fund may deviate from its principal strategies by making temporary investments of some or all of its assets in high-quality fixed income securities, cash and cash equivalents. The Fund may not achieve its investment objective when it does so.</tt> Allianz AGIC Structured Alpha Fund You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Class A Shares of eligible funds that are part of the family of mutual funds sponsored by Allianz. Examples. Other expenses are based upon estimated amounts for the Fund's initial fiscal year ending November 30, 2013 and include organizational expenses. Performance information for the Fund will be available after the Fund completes a full calendar year of operation. Investment Objective It is possible to lose money on an investment in the Fund. Principal Risks Shareholder Fees (fees paid directly from your investment) Example: Assuming you redeem your shares at the end of each period Performance Information 50000 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Portfolio Turnover. <tt>The Fund's net asset value, yield and total return will be affected by the allocation determinations, investment decisions and techniques of the Fund's management and factors influencing the U.S. or global economies and securities markets or relevant industries or sectors within them (Management Risk, Market Risk). Fixed income (debt) securities are subject to greater levels of credit and liquidity risk, may be speculative and may decline in value due to changes in interest rates or an issuer's or counterparty's deterioration or default (Fixed Income Risk). Other principal risks include: Credit Risk (an issuer or counterparty may default on obligations); Derivatives Risk (derivative instruments are complex, have different characteristics than their underlying assets and are subject to additional risks, including leverage, liquidity and valuation); Leveraging Risk (instruments and transactions that constitute leverage magnify gains or losses and increase volatility); Liquidity Risk (the lack of an active market for investments may cause delay in disposition or force a sale below fair value); and Turnover Risk (high levels of portfolio turnover increase transaction costs and taxes and may lower investment performance). Please see "Summary of Principal Risks" in the Fund's statutory prospectus for a more detailed description of the Fund's risks. It is possible to lose money on an investment in the Fund. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</tt> Fees and Expenses of the Fund Principal Investment Strategies <tt>Performance information for the Fund will be available after the Fund completes a full calendar year of operation.</tt> <tt>The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Class A Shares of eligible funds that are part of the family of mutual funds sponsored by Allianz. More information about these and other discounts is available in the "Classes of Shares" section beginning on page 27 of the Fund's statutory prospectus or from your financial advisor.</tt> <div style="display:none">~ http://www.allianzinvestors.com/role/OperatingExpensesData_S000038495Member2 column primary compact * row dei_LegalEntityAxis compact * row rr_ProspectusShareClassAxis compact * ~</div> Example: Assuming you do not redeem your shares An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. <div style="display:none">~ http://www.allianzinvestors.com/role/ExpenseExampleNoRedemption_S000038495Member2 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.allianzinvestors.com/role/ShareholderFeesData_S000038495Member2 column primary compact * row dei_LegalEntityAxis compact * row rr_ProspectusShareClassAxis compact * ~</div> 0.0000 368 268 1204 -0.0338 0.0378 0.0125 2013-12-31 1204 0.0100 0.0265 0.0603 0.01 0.0550 732 732 1482 -0.0338 0.0378 0.0125 2013-12-31 1482 0.0025 0.0190 0.0528 0.01 <tt>The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). High levels of portfolio turnover may indicate higher transaction costs and may result in higher taxes for you if your Fund shares are held in a taxable account. These costs, which are not reflected in Total Annual Fund Operating Expenses or in the Examples above, can adversely affect the Fund's investment performance.</tt> <div style="display:none">~ http://www.allianzinvestors.com/role/ExpenseExample_S000038495Member1 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <tt>The Fund seeks to generate attractive risk-adjusted absolute returns through a complete market cycle.</tt> <tt>The Examples are intended to help you compare the cost of investing in shares of the Fund with the costs of investing in other mutual funds. The Examples assume that you invest $10,000 in the noted class of shares for the time periods indicated, your investment has a 5% return each year, and the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, the Examples show what your costs would be based on these assumptions. The Examples are based, for the first year, on Total Annual Fund Operating Expenses After Expense Reductions and, for all other periods, on Total Annual Fund Operating Expenses.</tt> <tt>The Fund seeks to achieve its investment objective by investing significantly in exchange-traded listed and FLEX U.S. equity index options, while holding cash and cash equivalents as collateral for option investments. Under normal market conditions, the Fund will hold the majority of its assets in cash and cash equivalents such as U.S. Treasury bills. The portfolio managers will select these in an effort to maintain a stable portfolio base as collateral for the index option spread strategy described below. Using a portion of its cash and cash equivalents as collateral, the portfolio managers utilize a combination of proprietary models to construct paired option positions, or so-called "option spreads," typically by buying and selling put options and call options on equity indexes such as the S&P 500 Index, Russell 2000 Index and NASDAQ 100. Call options are contracts representing the right to purchase the underlying instrument at a specified price (the "strike price") at or before a specified future date (the "expiration date"), while put options represent the right to sell the underlying instrument at the strike price on or before the expiration date. Index options, which are not based on a single underlying security, are typically cash-settled without requiring delivery. The Fund may buy and sell exchange-traded options and FLEX options (i.e., listed options that are traded on an exchange but with customized strike prices and expiration dates). Option spreads are typically created by buying and selling options of the same class on the same underlying instrument but with different strike prices or expiration dates. The number of contracts bought and sold can be different in a spread (normally called a "ratio spread") or they can be the same. The portfolio managers seek to create option-based "profit zones" that upon expiration of the combination of individual option positions that make up the option spread will capture positive payoffs if the level of the underlying index (or other instrument) ends up within the chosen "profit zone." The Fund seeks to optimize spread positions and profit zones based on (a) targeted positive return potential, (b) structural risk protections, (c) collateral management, and (d) flexibility to restructure profit zones if necessary. The Fund intends to invest in 50 to 100 option spreads, consisting of 50 to 400 individual option positions, and may buy or sell put or call index options that are not paired as part of an option spread. The duration of individual option positions will normally range from 20 to 75 days at inception. The gross notional value of options held by the Fund may significantly exceed the current net asset value of the Fund at any time. To the extent the Fund enters into option positions that are only partially or not at all paired as part of an option spread, the Fund may have greater exposure to rapid deterioration of the portfolio and should be deemed speculative. The Fund may invest in exchange traded funds ("ETFs") and exchange traded notes ("ETNs"), including ETFs and ETNs that provide exposure to market volatility, either as an offset or as an addition to option-based trades. The Fund may utilize foreign currency exchange contracts, options, stock index futures contracts and other derivative instruments. In response to unfavorable market and other conditions, the Fund may deviate from its principal strategies by making temporary investments of some or all of its assets in high-quality fixed income securities, cash and cash equivalents. The Fund may not achieve its investment objective when it does so.</tt> Allianz AGIC Structured Alpha Fund Examples. Other expenses are based upon estimated amounts for the Fund's initial fiscal year ending November 30, 2013 and include organizational expenses. Performance information for the Fund will be available after the Fund completes a full calendar year of operation. Investment Objective It is possible to lose money on an investment in the Fund. Principal Risks Shareholder Fees (fees paid directly from your investment) None Performance Information Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Portfolio Turnover. <tt>The Fund's net asset value, yield and total return will be affected by the allocation determinations, investment decisions and techniques of the Fund's management, and factors influencing the U.S. or global economies and securities markets or relevant industries or sectors within them (Management Risk, Market Risk). Fixed income (debt) securities are subject to greater levels of credit and liquidity risk, may be speculative and may decline in value due to changes in interest rates or an issuer's or counterparty's deterioration or default (Fixed Income Risk). Other principal risks include: Credit Risk (an issuer or counterparty may default on obligations); Derivatives Risk (derivative instruments are complex, have different characteristics than their underlying assets and are subject to additional risks, including leverage, liquidity and valuation); Leveraging Risk (instruments and transactions that constitute leverage magnify gains or losses and increase volatility); Liquidity Risk (the lack of an active market for investments may cause delay in disposition or force a sale below fair value); and Turnover Risk (high levels of portfolio turnover increase transaction costs and taxes and may lower investment performance). Please see "Summary of Principal Risks" in the Fund's statutory prospectus for a more detailed description of the Fund's risks. It is possible to lose money on an investment in the Fund. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</tt> Fees and Expenses of the Fund Principal Investment Strategies <tt>Performance information for the Fund will be available after the Fund completes a full calendar year of operation.</tt> <tt>The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.</tt> <div style="display:none">~ http://www.allianzinvestors.com/role/OperatingExpensesData_S000038495Member1 column primary compact * row dei_LegalEntityAxis compact * row rr_ProspectusShareClassAxis compact * ~</div> An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. 193 986 -0.0338 0.0378 0.0125 2013-12-31 0.0025 0.0190 0.0528 178 942 -0.0338 0.0388 0.0125 2013-12-31 0.0000 0.0175 0.0513 168 912 -0.0338 0.0378 0.0125 2013-12-31 0.0000 0.0165 0.0503 0001423227 ck0001423227:SummaryS000038495-1Memberck0001423227:S000038495Memberck0001423227:C000118770Member 2012-10-03 2012-10-03 0001423227 ck0001423227:SummaryS000038495-1Memberck0001423227:S000038495Memberck0001423227:C000118771Member 2012-10-03 2012-10-03 0001423227 ck0001423227:SummaryS000038495-1Memberck0001423227:S000038495Memberck0001423227:C000118772Member 2012-10-03 2012-10-03 0001423227 ck0001423227:SummaryS000038495-1Memberck0001423227:S000038495Member 2012-10-03 2012-10-03 0001423227 ck0001423227:SummaryS000038495-2Memberck0001423227:S000038495Memberck0001423227:C000118773Member 2012-10-03 2012-10-03 0001423227 ck0001423227:SummaryS000038495-2Memberck0001423227:S000038495Memberck0001423227:C000118774Member 2012-10-03 2012-10-03 0001423227 ck0001423227:SummaryS000038495-2Memberck0001423227:S000038495Member 2012-10-03 2012-10-03 0001423227 ck0001423227:SummaryS000038496-1Memberck0001423227:S000038496Memberck0001423227:C000118776Member 2012-10-03 2012-10-03 0001423227 ck0001423227:SummaryS000038496-1Memberck0001423227:S000038496Memberck0001423227:C000118777Member 2012-10-03 2012-10-03 0001423227 ck0001423227:SummaryS000038496-1Memberck0001423227:S000038496Memberck0001423227:C000118778Member 2012-10-03 2012-10-03 0001423227 ck0001423227:SummaryS000038496-1Memberck0001423227:S000038496Member 2012-10-03 2012-10-03 0001423227 ck0001423227:SummaryS000038496-2Memberck0001423227:S000038496Memberck0001423227:C000118775Member 2012-10-03 2012-10-03 0001423227 ck0001423227:SummaryS000038496-2Memberck0001423227:S000038496Memberck0001423227:C000118779Member 2012-10-03 2012-10-03 0001423227 ck0001423227:SummaryS000038496-2Memberck0001423227:S000038496Member 2012-10-03 2012-10-03 0001423227 ck0001423227:SummaryS000038497-1Memberck0001423227:S000038497Memberck0001423227:C000118780Member 2012-10-03 2012-10-03 0001423227 ck0001423227:SummaryS000038497-1Memberck0001423227:S000038497Memberck0001423227:C000118781Member 2012-10-03 2012-10-03 0001423227 ck0001423227:SummaryS000038497-1Memberck0001423227:S000038497Memberck0001423227:C000118782Member 2012-10-03 2012-10-03 0001423227 ck0001423227:SummaryS000038497-1Memberck0001423227:S000038497Member 2012-10-03 2012-10-03 0001423227 ck0001423227:SummaryS000038497-2Memberck0001423227:S000038497Memberck0001423227:C000118783Member 2012-10-03 2012-10-03 0001423227 ck0001423227:SummaryS000038497-2Memberck0001423227:S000038497Memberck0001423227:C000118784Member 2012-10-03 2012-10-03 0001423227 ck0001423227:SummaryS000038497-2Memberck0001423227:S000038497Member 2012-10-03 2012-10-03 0001423227 2012-10-03 2012-10-03 iso4217:USD pure Other expenses are based upon estimated amounts for the Fund's initial fiscal year ending November 30, 2013 and include organizational expenses. Total Annual Fund Operating Expenses After Expense Reductions reflect the effect of a contractual agreement by the Manager to waive, through December 31, 2013, its management fee and/or reimburse the Fund to the extent that Total Annual Fund Operating Expenses, including payment of organizational expenses but excluding interest, taxes, extraordinary expenses, and certain credits and other expenses, exceed 1.65% for Institutional Class, 1.75% for Class P and 1.90% for Class D shares. Under the Expense Limitation Agreement, the Manager may recoup waived or reimbursed amounts until November 30, 2017 provided total expenses, including such recoupment, do not exceed the annual expenses limit. For Class A shares, the CDSC is imposed only in certain circumstances where shares are purchased without a front-end sales charge at the time of purchase. For Class C shares, the CDSC is imposed only on shares redeemed in the first year. Total Annual Fund Operating Expenses After Expense Reductions reflect the effect of a contractual agreement by the Manager to waive, through December 31, 2013, its management fee and/or reimburse the Fund to the extent that Total Annual Fund Operating Expenses, including payment of organizational expenses but excluding interest, taxes, extraordinary expenses, and certain credits and other expenses, exceed 1.90% for Class A and 2.65% for Class C shares. Under the Expense Limitation Agreement, the Manager may recoup waived or reimbursed amounts until November 30, 2017, provided total expenses, including such recoupment, do not exceed the annual expenses limit. Total Annual Fund Operating Expenses After Expense Reductions reflect the effect of a contractual agreement by the Manager to waive, through December 31, 2013, its management fee and/or reimburse the Fund to the extent that Total Annual Fund Operating Expenses, including payment of organizational expenses but excluding interest, taxes, extraordinary expenses, and certain credits and other expenses, exceed 1.00% for Institutional Class, 1.10% for Class P and 1.25% for Class D shares. Under the Expense Limitation Agreement, the Manager may recoup waived or reimbursed amounts until November 30, 2017, provided total expenses, including such recoupment, do not exceed the annual expenses limit. Total Annual Fund Operating Expenses After Expense Reductions reflect the effect of a contractual agreement by the Manager to waive, through December 31, 2013, its management fee and/or reimburse the Fund to the extent that Total Annual Fund Operating Expenses, including payment of organizational expenses but excluding interest, taxes, extraordinary expenses, and certain credits and other expenses, exceed 1.25% for Class A and 2.00% for Class C shares. Under the Expense Limitation Agreement, the Manager may recoup waived or reimbursed amounts until November 30, 2017, provided total expenses, including such recoupment, do not exceed the annual expenses limit. Total Annual Fund Operating Expenses After Expense Reductions reflect the effect of a contractual agreement by the Manager to waive, through December 31, 2013, its management fee and/or reimburse the Fund to the extent that Total Annual Fund Operating Expenses, including payment of organizational expenses but excluding interest, taxes, extraordinary expenses, and certain credits and other expenses, exceed 1.30% for Institutional Class, 1.40% for Class P and 1.55% for Class D shares. Under the Expense Limitation Agreement, the Manager may recoup waived or reimbursed amounts until November 30, 2017, provided total expenses, including such recoupment, do not exceed the annual expenses limit. Total Annual Fund Operating Expenses After Expense Reductions reflect the effect of a contractual agreement by the Manager to waive, through December 31, 2013, its management fee and/or reimburse the Fund to the extent that Total Annual Fund Operating Expenses, including payment of organizational expenses but excluding interest, taxes, extraordinary expenses, and certain credits and other expenses, exceed 1.55% for Class A and 2.30% for Class C shares. Under the Expense Limitation Agreement, the Manager may recoup waived or reimbursed amounts until November 30, 2017, provided total expenses, including such recoupment, do not exceed the annual expenses limit. EX-101.SCH 3 ck0001423227-20121003.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 00101 - Document - Document And Entity Information {Elements} link:calculationLink link:presentationLink link:definitionLink 01102 - Document - Risk/Return Summary {Unlabeled} (Allianz AGIC Structured Alpha Fund - Institutional, Class P, Class D) link:calculationLink link:presentationLink link:definitionLink 01103 - Schedule - Annual Fund Operating Expenses link:calculationLink link:presentationLink link:definitionLink 01104 - Schedule - Expense Example {Transposed} link:calculationLink link:presentationLink link:definitionLink 06106 - Document - Risk/Return Summary {Unlabeled} (Allianz AGIC U.S. Equity-Hedged Fund - Institutional, Class P, Class D) link:calculationLink link:presentationLink link:definitionLink 06107 - Schedule - Annual Fund Operating Expenses link:calculationLink link:presentationLink link:definitionLink 06108 - Schedule - Expense Example {Transposed} link:calculationLink link:presentationLink link:definitionLink 06109 - Disclosure - Risk/Return Detail Data {Elements} (Allianz AGIC U.S. Equity-Hedged Fund - Institutional, Class P, Class D) link:calculationLink link:presentationLink link:definitionLink 06110 - Document - Risk/Return Summary {Unlabeled} (Allianz NFJ Emerging Markets Value Fund - Institutional, Class P, Class D) link:calculationLink link:presentationLink link:definitionLink 06111 - Schedule - Annual Fund Operating Expenses link:calculationLink link:presentationLink link:definitionLink 06112 - Schedule - Expense Example {Transposed} link:calculationLink link:presentationLink link:definitionLink 06113 - Disclosure - Risk/Return Detail Data {Elements} (Allianz NFJ Emerging Markets Value Fund - Institutional, Class P, Class D) link:calculationLink link:presentationLink link:definitionLink 06114 - Document - Risk/Return Summary {Unlabeled} (Allianz AGIC Structured Alpha Fund - Class A, Class C) link:calculationLink link:presentationLink link:definitionLink 06115 - Schedule - Shareholder Fees link:calculationLink link:presentationLink link:definitionLink 06116 - Schedule - Annual Fund Operating Expenses link:calculationLink link:presentationLink link:definitionLink 06117 - Schedule - Expense Example {Transposed} link:calculationLink link:presentationLink link:definitionLink 06118 - Schedule - Expense Example, No Redemption {Transposed} link:calculationLink link:presentationLink link:definitionLink 06119 - Disclosure - Risk/Return Detail Data {Elements} (Allianz AGIC Structured Alpha Fund - Class A, Class C) link:calculationLink link:presentationLink link:definitionLink 06120 - Document - Risk/Return Summary {Unlabeled} (Allianz AGIC U.S. Equity-Hedged Fund - Class A, Class C) link:calculationLink link:presentationLink link:definitionLink 06121 - Schedule - Shareholder Fees link:calculationLink link:presentationLink link:definitionLink 06122 - Schedule - Annual Fund Operating Expenses link:calculationLink link:presentationLink link:definitionLink 06123 - Schedule - Expense Example {Transposed} link:calculationLink link:presentationLink link:definitionLink 06124 - Schedule - Expense Example, No Redemption {Transposed} link:calculationLink link:presentationLink link:definitionLink 06125 - Disclosure - Risk/Return Detail Data {Elements} (Allianz AGIC U.S. Equity-Hedged Fund - Class A, Class C) link:calculationLink link:presentationLink link:definitionLink 06126 - Document - Risk/Return Summary {Unlabeled} (Allianz NFJ Emerging Markets Value Fund - Class A, Class C) link:calculationLink link:presentationLink link:definitionLink 06127 - Schedule - Shareholder Fees link:calculationLink link:presentationLink link:definitionLink 06128 - Schedule - Annual Fund Operating Expenses link:calculationLink link:presentationLink link:definitionLink 06129 - Schedule - Expense Example {Transposed} link:calculationLink link:presentationLink link:definitionLink 06130 - Schedule - Expense Example, No Redemption {Transposed} link:calculationLink link:presentationLink link:definitionLink 06131 - Disclosure - Risk/Return Detail Data {Elements} (Allianz NFJ Emerging Markets Value Fund - Class A, Class C) link:calculationLink link:presentationLink link:definitionLink EX-101.CAL 4 ck0001423227-20121003_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT EX-101.DEF 5 ck0001423227-20121003_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.LAB 6 ck0001423227-20121003_lab.xml XBRL TAXONOMY EXTENSION LABELS LINKBASE DOCUMENT Amendment Flag Amendment Flag Annual Fund Operating Expenses Table [Text Block] Annual Fund Operating Expenses [Table] Bar Chart And Performance Table Heading Bar Chart and Performance Table [Heading] Institutional C 000118770 [Member] Institutional Class P C 000118771 [Member] Class P Class D C 000118772 [Member] Class D Class A C 000118773 [Member] Class A Class C C 000118774 [Member] Class C Class A C 000118775 [Member] Class A Institutional C 000118776 [Member] Institutional Class P C 000118777 [Member] Class P Class D C 000118778 [Member] Class D Class C C 000118779 [Member] Class C Institutional C 000118780 [Member] Institutional Class P C 000118781 [Member] Class P Class D C 000118782 [Member] Class D Class A C 000118783 [Member] Class A Class C C 000118784 [Member] Class C Distribution And Service 12 b 1 Fees Over Assets Distribution and/or Service (12b-1) Fees Document Creation Date Document Creation Date Document [Domain] Prospectus Document Effective Date Document Effective Date Document Information Document [Axis] Document [Axis] Document Period End Date Document Period End Date Document Type Document Type Entity Central Index Key Central Index Key Entity [Domain] Series Entity Registrant Name Registrant Name Expense Breakpoint Discounts Expense Breakpoint Discounts [Text] Expense Breakpoint Minimum Investment Required Amount Expense Breakpoint, Minimum Investment Required [Amount] Expense Example [Abstract] Expense Example: Expense Example By Year Caption Expense Example by, Year, Caption [Text] Expense Example Heading Expense Example [Heading] Expense Example Narrative [Text Block] Expense Example Narrative [Text Block] Expense Example No Redemption [Abstract] Expense Example, No Redemption: Expense Example No Redemption By Year Caption Expense Example, No Redemption, By Year, Caption [Text] Expense Example No Redemption Table [Text Block] Expense Example, No Redemption [Table] Expense Example No Redemption Year 01 Expense Example, No Redemption, 1 Year Expense Example No Redemption Year 03 Expense Example, No Redemption, 3 Years Expense Example With Redemption Table [Text Block] Expense Example, With Redemption [Table] Expense Example Year 01 Expense Example, with Redemption, 1 Year Expense Example Year 03 Expense Example, with Redemption, 3 Years Expense Heading Expense [Heading] Expense Narrative [Text Block] Expense Narrative [Text Block] Expenses Over Assets Total Annual Fund Operating Expenses Fee Waiver Or Reimbursement Over Assets Expense Reductions Expense Reductions Fee Waiver Or Reimbursement Over Assets Date Of Termination Fee Waiver or Reimbursement over Assets, Date of Termination Legal Entity [Axis] Series [Axis] Management Fees Over Assets Management Fees Maximum Deferred Sales Charge Over Offering Price Maximum Contingent Deferred Sales Charge (CDSC) (Load) (as a percentage of the lower of original purchase price or NAV) Maximum Sales Charge Imposed On Purchases Over Offering Price Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) Net Expenses Over Assets Total Annual Fund Operating Expenses After Expense Reductions Objective Heading Objective [Heading] Objective Primary [Text Block] Objective, Primary [Text Block] Operating Expenses [Abstract] Operating Expenses: Operating Expenses Caption Operating Expenses Caption [Text] Other Expenses New Fund Based On Estimates Other Expenses, New Fund, Based on Estimates [Text] Other Expenses Over Assets Estimated Other Expenses Performance Narrative [Text Block] Performance Narrative [Text Block] Performance One Year Or Less Performance One Year or Less [Text] Portfolio Turnover Heading Portfolio Turnover [Heading] Portfolio Turnover [Text Block] Portfolio Turnover [Text Block] Prospectus Date ProspectusDate Prospectus Share Class [Axis] Share Class [Axis] Prospectus [Table] Prospectus: Risk Heading Risk [Heading] Risk Lose Money Risk Lose Money [Text] Risk Narrative [Text Block] Risk Narrative [Text Block] Risk Not Insured Depository Institution Risk Not Insured Depository Institution [Text] Risk Return [Abstract] Risk/Return: Risk Return Heading Risk/Return [Heading] Allianz AGIC Structured Alpha Fund S 000038495 [Member] Allianz AGIC Structured Alpha Fund Allianz AGIC U.S. Equity-Hedged Fund S 000038496 [Member] Allianz AGIC U.S. Equity-Hedged Fund Allianz NFJ Emerging Markets Value Fund S 000038497 [Member] Allianz NFJ Emerging Markets Value Fund Share Class [Domain] Share Classes Shareholder Fees [Abstract] Shareholder Fees: Shareholder Fees Caption Shareholder Fees Caption [Text] Shareholder Fees Table [Text Block] Shareholder Fees [Table] Strategy Heading Strategy [Heading] Strategy Narrative [Text Block] Strategy Narrative [Text Block] Allianz AGIC Structured Alpha Fund (First Prospectus Summary) Summary S 000038495 - 1 [Member] Allianz AGIC Structured Alpha Fund (First Prospectus Summary) Allianz AGIC Structured Alpha Fund (Second Prospectus Summary) Summary S 000038495 - 2 [Member] Allianz AGIC Structured Alpha Fund (Second Prospectus Summary) Allianz AGIC U.S. Equity-Hedged Fund (First Prospectus Summary) Summary S 000038496 - 1 [Member] Allianz AGIC U.S. Equity-Hedged Fund (First Prospectus Summary) Allianz AGIC U.S. Equity-Hedged Fund (Second Prospectus Summary) Summary S 000038496 - 2 [Member] Allianz AGIC U.S. Equity-Hedged Fund (Second Prospectus Summary) Allianz NFJ Emerging Markets Value Fund (First Prospectus Summary) Summary S 000038497 - 1 [Member] Allianz NFJ Emerging Markets Value Fund (First Prospectus Summary) Allianz NFJ Emerging Markets Value Fund (Second Prospectus Summary) Summary S 000038497 - 2 [Member] Allianz NFJ Emerging Markets Value Fund (Second Prospectus Summary) EX-101.PRE 7 ck0001423227-20121003_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT GRAPHIC 9 g228921bii001.jpg GRAPHIC begin 644 g228921bii001.jpg M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``H'!P@'!@H("`@+"@H+#A@0#@T- M#AT5%A$8(Q\E)"(?(B$F*S7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7& MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$! M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$" M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$ MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4 MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#UW4-1L]*L MWO+Z=8($P&D?H,G`K('COPLQ`&M6V3[G_"KGB6]AT[P[?7 M]N9TCMHUW-*3P!ZU0L?%>@ZD\B6>J03-%&9'"DY"CJ:H>!K]-8\$VGG!9#$A M@D5AD';P,_ABO._A>H/C9E(&/(E&/RJ8T$U.^\1RK-.-MF>HV/B[P_J=VEI9 MZK!-/)]Q%)RW?C-+<>*]"M-6&ESZE$EV6"^6<\$]`3C`/XUY9I2)'\70B*J* MNH2`*HP!]ZK6LW6CIX_SJ>@7,=R;E-X6[!1\D;7QM[C!QFM7AH\UE?:_0S6( MERWTWL>PT5ROBSQS#X8NHK/^SY[NXF3>@4A5QG'7DD_A6#9?%O.H1V^I:,]K M&[`%Q(24SW(('%<\9F16/??&"UC$0L=,DF)4&0R2;0K$D45 MR$_Q!MT\(0Z_!8R2F6<0&W+X*OSGG'/3]:Q)OBW<6V//\.30[NGF2E<_FM$< M/5EL@=>FMV>E53U75;31=.EO[Z7RX8AD^I/8`=R:K^'-9_X2#0[?4_(\CSMW M[O=NQ@D=?PKB?';2^(?&NE^%T=E@7$DV/4Y)/X*/UI4Z7-/EETW'.I:'-'KL M1Q:GXR\>2N^E/_9&EAB!+G!;_@0Y)^F!45OX-ANYEBA^(!EO6.`J29)/_?>: MV->\:_\`"*ZW:^'['3(C`J1J"7(V@G&``*Y)K:"T^,,<-O$D4:WZ;408`R`: M[8N6TOQP^M>++GPW=:;%Y!:6+?O)W!<]01W`JGX-B_ MX1KQ[JWAP$_9YT$T&3T`Y'Z,1_P&L:D.:+YE:2U]4:PERR7*[Q>GHP^+NK"' M3+72HW&ZXD\R0#^ZO3]3^E<>=9O/^$)_X1__`(1^81`^;]JP_P![.[=C&.G' M7I78>(OAYJ_B'Q/+J,U]:K:NZA8_FW+&,#'3&>*]`:WB>V-L5'E%-FW_`&<8 MQ5*M3ITXQ6O4ETIU)R;TZ'F7P@U+']HZ6S=0)XQ^C?\`LM9'PO\`^1X/_7&7 M^8KH_#'P\U;P[XCBU`7MJ]NN]&0;MS(01Z=>A_"I_!_@#4?#OB(ZE6-V[!SQTQGFCQ%\/]2UCQ?\`VS!=VR0[XFV/NW?+ MC/0>U-5J?M$[_9L)TI\C5NHGB_QM>6?B./1=%LH);X;4\^5O%%&=&'*TUMKW"K"K/F5AOQ< M_P"/;1?]Q_Y+2^(+:WB^#VFM'!&C-Y+$JH!).*O!FL^)M.TN.2[LTN M;1&$S`,$8G&-O'M5O5O"-[?^`[/P_'<0+<0",-(V=AV]<<9K.-2"A!7V9Q+A-J,7'1;GIEM;0V=M';6\:QPQ*%1%'``KSNX M86GQNA>;A9X@$)]XR!^HKM/#=CJ6G:/';:M>_;;I68M-N)R">.3[5S?Q(\/W M5W#;:]I88WNG'<0@^8H#G(]2#S]":Y:+2J.+>]U1Y7H`,9S[>E=?M8P2C+=)HYO9RFW*.S=SC?"O_)7 M)_\`KXN?_9JZ/(N?C6#%R+:S(D([?+_]D*H:EIVF>!O$,WB*;5A<7OI=='A_0DA-XJ>;<3W`)2!.,<#J3D56UV]\1:/X7N;BY MO+4W*SQ+'-;Q$90L`05;//)KC5)NWF=;J)7\CK:*S-0\1Z/I5PMO?7\4,K*& MVG)P/4XZ#W-9&I^)DTKQC#!>7Z0Z:]@90"N0S[L`@@9/%*-.4N@W.*ZG545F MS^(-)M]/AU"2^C^RSG$4BY8/]`.3T-96K>(?.&AW&CWJ/;7FH+#(R`'BL3Q;K%SH>C"\M%C:3SXXR)`2,,V#4E[XJT+3;B6WO-3A MAEA($B$G*Y&1D4*$FKI#^)-'T[R?M5_$GGIY MD>W+;E_O<`\>_2J5EXML[SQ->:,'C7[.BE'W']X<$MVXQBFJ>)@/)7QA/Y/3&7 MSCZ;J[K3=6L=7A:6PN!,B-M8[2N#C/0@5'\ZWC45E)K71?<82@]8IZ:F!/>V.F:GXNCU:1(Y+N M-6@$G6:/RR`%]>>,"J^F7<&AZSHCZU,MN8]"VMYO7._A?KCM77:S_P`?^G_] M=*DU'_D(0?0?SIJHK;;_`.5@<'??;_ASC-.O;K1](TVWDG_LBTU*\N)?M,L8 MS!&>44;N%+>]5=/>/[#IC1S&9/\`A)WVR'JXYP3]>M>A:W_QX?\``U_G42?= MC_Z^C0JMU>P.EK:YE?$8X\+9]+J'_P!#%9\J1/JGCC5_P"NIY_?33:38:+J-NI+:EH_ M]G\?\]"H\L_J?RJU=V:Z/XH%I/JRZ5;/I<=O!-)$C(X7ADRW`/?WKM)/^/6R M_P!]?Y5!XE_Y!R_]=!6BJW:5B'2LF[G'WBV7AFRM-2T77H9;NVLUB^SS@'[9 M"6)4*.H/H1Z5->S/-K'B>V0>3?7VF0F"`\.Y\MMP7U(Z5T-W_P`A72O]T5H3 M_P#(=MO^N34>TZM:_P#!#V9Q]M>66I7?@^#2G1Y[12TZQ]84$>&#>G/'-+H> MGZ5>?#NXBOYTLXIKJ3=<\`JWF_*23[@=:Z?1_P#D)ZC_`-=*=-_R`)_^!?SI M.IT7E^K_`%!0ZOS_`$*?@_5[S4X;V&[EAN_L<_E)>PKA+@8SGTR.AQQ71UGZ :'_R![?\`W?ZUH5A4: XML 10 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; word-wrap: break-word; } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 11 R25.htm IDEA: XBRL DOCUMENT

Label	Element	Value
Risk Return [Abstract]	rr_RiskReturnAbstract
ProspectusDate	rr_ProspectusDate	Oct. 03, 2012
Allianz AGIC U.S. Equity-Hedged Fund (Second Prospectus Summary) \| Allianz AGIC U.S. Equity-Hedged Fund
Risk Return [Abstract]	rr_RiskReturnAbstract
Risk/Return [Heading]	rr_RiskReturnHeading	Allianz AGIC U.S. Equity Hedged Fund
Objective [Heading]	rr_ObjectiveHeading	Investment Objective
Objective, Primary [Text Block]	rr_ObjectivePrimaryTextBlock	`The Fund seeks capital appreciation, with added emphasis on the protection of capital during unfavorable market conditions.`
Expense [Heading]	rr_ExpenseHeading	Fees and Expenses of the Fund
Expense Narrative [Text Block]	rr_ExpenseNarrativeTextBlock	The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to inves in the future, at least $50,000 in Class A Shares of eligible funds that are part of the family of mutual funds sponsored by Allianz. More information about these and other discounts is available in the "Classes of Shares" section beginning on page 27 of the Fund's statutory prospectus or from your financial advisor.
Shareholder Fees Caption [Text]	rr_ShareholderFeesCaption	Shareholder Fees (fees paid directly from your investment)
Operating Expenses Caption [Text]	rr_OperatingExpensesCaption	Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading]	rr_PortfolioTurnoverHeading	Portfolio Turnover.
Portfolio Turnover [Text Block]	rr_PortfolioTurnoverTextBlock	`The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). High levels of portfolio turnover may indicate higher transaction costs and may result in higher taxes for you if your Fund shares are held in a taxable account. These costs, which are not reflected in Total Annual Fund Operating Expenses or in the Examples`