FINANCIAL INSTITUTION EXCESS FOLLOW FORM CERTIFICATE

The Great American Insurance Company, herein called the UNDERWRITER

Bond Number:	FS 559-46-74 - 06
Name and Address of Insured:	Allianz Funds
	680 Newport Center Drive, Suite 250 Newport Beach, CA 92660

The UNDERWRITER, in consideration of an agreed premium, and in reliance upon the statements and information furnished to the UNDERWRITER by the Insured, and subject to the terms and conditions of the underlying coverage scheduled in ITEM 3 below, as excess and not contributing insurance, agrees to pay the Insured for loss which:

(a) Would have been paid under the Underlying but for the fact that such loss exceeds the limit of liability of the Underlying Carrier (s) listed in Item 3, and

(b) for which the Underlying Carrier (s) has (have) made payment, and the Insured has collected the full amount of the expressed limit of the Underlying Carrier’s (s) liability.

ITEM 1. BOND PERIOD: from 12:01 a.m. on 07/01/2013 to 12:01 a.m. on 07/01/2014

(inception)             (expiration)

ITEM 2. LIMIT OF LIABILITY AT INCEPTION: $25,000,000 Single Loss Limit and $25,000,000 in the Aggregate (National Union Fire Insurance Company of Pittsburgh, PA (Chartis) Investment Company Blanket Bond Insuring Agreements A, B, C, D, E, F, G, J, L, M). Underlying coverage as noted in Item 3.

ITEM 3. UNDERLYING COVERAGE:

A)    CARRIER: LIMIT: DEDUCTIBLE: BOND NUMBER: BOND PERIOD: National Union Fire Insurance Company of Pittsburgh, PA $25,000,000 and $25,000,000 in the Aggregate $25,250,000 6214333 07/01/2013 - 07/01/2014

Page 1 of 2

5 Waterside Crossing, Windsor, CT 06095

www.Crimelnsurance.com

Member of American Financial Group

ITEM 4. Coverage provided by this Bond is subject to the following attached Rider(s): Riders No. 1, 2 and 3

ITEM 5. By acceptance of this Bond, you give us notice canceling prior Bond No. FS 559-46-74 - 05, the cancellation to be effective at the same time this Bond becomes effective.

In witness whereof, the UNDERWRITER has caused this certificate to be signed by an Attorney-in-Fact of the UNDERWRITER this 17^th day of September, 2013.

	GREAT AMERICAN INSURANCE COMPANY
By:
	(Attorney-in-Fact)

Excess follow Form Certificate

10/2007 ed.

Page 2 of 2

5 Waterside Crossing, Windsor, CT 06095

www.Crimelnsurance.com

Member of American Financial Group

RIDER NO. 1

DROP DOWN RIDER

To be attached to and form part of Excess Follow Form Bond No. FS 559-46-74 - 06

In favor of Allianz Funds

It is agreed that:

The attached bond is amended by adding an additional Condition as follows:

1. All Underlying Coverage detailed in ITEM 3 of the Declarations shall be maintained in full force and effect during the period of this Bond, except for any reduction in the aggregate limits contained therein solely by payment of claims, including court costs and attorneys fees.

2. If by reason of the payment of any claim or claims by the Underwriter during the period of this coverage, which reduces the aggregate limits of the underlying coverage, this Bond shall respond excess over the Single Loss Limits of Liability of the Underlying Carrier(s) named in Item 3 of the Declarations until the reduced Annual Aggregate Limits are exhausted; and in such event, this Bond shall continue in force as Primary Bond, and the Deductible set forth on the Declarations Page of the Primary Bond shall apply to this Bond.

3. Nothing herein contained shall be held to vary, alter, waive, or extend any of the terms, limitations conditions, or provisions of the attached Bond other than as above stated

4. This rider shall become effective as of 12:01 a.m. on 07/01/2013 standard time as specified in the Bond.

5 Waterside Crossing. Windsor CT 06095

www.Crimelnsurance.com

Member of American Financial Group

RIDER NO. 2

CALIFORNIA PREMIUM RIDER

To be attached to and form part of Bond No. FS 559-46-74 - 06

in favor of Allianz Funds

It is agreed that:

1. In compliance with the ruling of the Commissioner of Insurance of die State of California and the Opinion of the Attorney-General of that State requiring that the premium for all bonds or policies be endorsed thereon, the basic premium charged for the attached bond for the period

From: 07/01/2013

To: 07/01/2014

Is: Thirty Seven Thousand Three Hundred Six and 00/100 Dollars ($37,306.)

2. This rider shall become effective as of 12:01 a.m. on 07/01/2013 standard time.

5 Waterside Crossing, Windsor, CT 06095

www.CrimeInsurance.com

Member of American Financial Group

RIDER NO. 3

To be attached to and form part of Bond No. FS 559-46-74 - 06

Issued to Allianz Funds

It is agreed that:

1. Coverage provided by this policy shall not respond as excess over any sub-limited coverage(s) that are part of the Primary Policy. GAIC is Excess only those Insuring Agreements that have a $25,000,000 primary limit and associated deductible of $250,000.

2. This rider shall become effective as of 12.01 a.m. on 07/01/2013 standard time.

5 Waterside Crossing, Windsor, CT 06095

www.CrimeInsurance.com

Member of American Financial Group

BERKLEY REGIONAL INSURANCE COMPANY A Berkley Company 475 Steamboat Road Greenwich, CT 06830 PRODUCER: Integro Insurance Brokers 1 State Street Plaza - 9th floor New York, NY 10004

FINANCIAL INSTITUTION EXCESS FOLLOW FORM CERTIFICATE

BOND NUMBER:	BFI-71000379-13	PRIOR BOND NUMBER:         BFI-71000379-12
NAMED INSURED:	Allianz Funds     (Also list any Employee Benefit Plan(s) included as Insureds)
MAILING ADDRESS:	680 Newport Center Drive, Suite 250 Newport Beach, CA 92660
BOND PERIOD:	7/1/2013 to 7/1/2014 (12:01 A.M. at your Mailing Address shown above)

TERMS AND CONDITIONS:

In consideration of the premium charged and in reliance upon the statements and information furnished to the COMPANY by the Insured and subject to the terms and conditions of the UNDERLYING COVERAGE scheduled below, the COMPANY agrees to pay the Insured, as excess and not contributing insurance, for loss which:

(a)    would have been paid under the underlying Carrier(s) in the UNDERLYING COVERAGE schedule below but for the fact that such loss exceeds the Single Loss Limit of Liability of the underlying Carrier(s), and

(b)    for which the underlying Carrier(s) has made payment and the Insured has collected the full amount of the underlying Carrier’s expressed Single Loss Limit of Liability.

This bond does not provide coverage in excess of any sub-limited coverage in the underlying policy which is below the underlying Carrier’s expressed Single Loss Limit of Liability in the UNDERLYING COVERAGE schedule below.

UNDERLYING COVERAGE:
Carrier:	National Union Fire Insurance Company of Pittsburgh, PA
Single Loss Limit of Liability:	$25,000,000
Single Loss Deductible:	$250,000
Aggregate Limit:	$25,000,000
Bond Number:	6214333
Bond or Form Name:	Investment Company Blanket Bond
Bond Period:	7/1/2012 to 7/1/2013
Carrier:	Great American Insurance Company
Single Loss Limit of Liability:	$25,000,000 excess of $25,000,000 plus deductible
Aggregate Limit:	$25,000,000
Bond Number:	FS 559-46-74-06
Bond Period:	7/1/2012 to 7/1/2013
Lead Carrier for Layer:	Berkley Regional Insurance Company
Single Loss Limit of Liability:	$17,500,000 excess of $50,000,000 plus deductible
Aggregate Limit:	$10,000,000
ANNUAL PREMIUM:	$23,502
Forms and Riders Forming Part of this Bond When Issued:
Form Number and Edition Date	Description of Form or Rider:
BAP 39 01 01 09	Financial Institution Excess Follow Form Certificate
SR 5862 08 68	California Premium Rider
BAP 31 06 08 09	Exhaustion of Underlying Limits Rider

BAP 39 01 01 09 Page 1 of 2

Cancellation of Prior Insurance Issued by Us:

By acceptance of this Bond you give us notice canceling prior policy Numbers: BFI-71000379-12 the cancellation to be effective at the time this Bond becomes effective.

IN WITNESS WHEREOF, Berkley Regional Insurance Company designated herein has executed and attested these presents.

Secretary	President

BAP 39 01 01 09 Page 2 of 2

Policy Number: BFI-71000379-13 SR 58 62

CALIFORNIA PREMIUM RIDER

To be attached to and form part of Bond No. BFI-71000379-13

in favor of Allianz Funds

It is agreed that:

1. In compliance with the ruling of the Commissioner of Insurance of the State of California and the Opinion of the Attorney-General of that State requiring that the premium for all bonds or policies be endorsed thereon, the basic premium charged for the attached bond for the period

from 7/1/2013

to 7/1/2014

is Thirteen Thousand Four Hundred Thirty Dollars ($23,502).

2. This rider is effective as of noon on 7/1/2013

CALIFORNIA PREMIUM RIDER

FOR USE WITH ALL FORMS OF STANDARD BONDS, TO COMPLY WITH

RULINGS OF THE INSURANCE COMMISSIONER AND THE ATTORNEY-GENERAL.

REVISED TO AUGUST, 168

SR 5862 Page 1 of 1

BOND NUMBER: BFI-71000379-13 BAP 31 06 08 09

THIS RIDER CHANGES THE BOND. PLEASE READ IT CAREFULLY.

EXHAUSTION OF UNDERLYING LIMITS RIDER

TERMS AND CONDITIONS, Item (b) of the FINANCIAL INSTITUTION EXCESS FOLLOW FORM CERTIFICATE is deleted and replaced with the following:

(b) for which the Underlying Carrier(s) has made payment, and the Insured has collected, the full amount of the expressed limit of the Underlying Carrier’s expressed Single Loss Limit of Liability, except when the Underlying Carrier is unable to pay due to the Underlying Carrier’s own insolvency or where the Underlying Carrier in good faith, settles a claim made by the Insured as a result of a covered loss for less than the expressed single loss limit of liability of the Underlying Carrier that is applicable to the covered loss.

In either the case of insolvency or for which a good faith settlement is made by the Underlying Carrier(s) as respects a covered loss sustained by the Insured, the Insured’s loss that is in excess of what should be paid by the Underlying Carrier in insolvency or that which is in excess of a good faith settlement that is made by the Underlying Carrier(s), shall be treated as self-insured and the Insured may make claim for the excess amount as per the Single Loss Limit of Liability described on the attached FINANCIAL INSTITUTION EXCESS FOLLOW FORM CERTIFICATE.

All other terms, conditions, limitations and exclusions remain unchanged.

BAP 31 06 08 09 Page 1 of 1

AGREEMENT AMONG JOINT INSUREDS

THIS AGREEMENT made as of July 1, 2013 by and among, AllianzGI Convertible & Income Fund, AllianzGI Convertible & Income Fund II, AllianzGI Equity & Convertible Income Fund, AllianzGI Global Equity & Convertible Income Fund, AllianzGI International & Premium Strategy Fund, AllianzGI Managed Accounts Trust, AllianzGI NFJ Dividend, Interest & Premium Strategy Fund, PCM Fund, Inc., PIMCO California Municipal Income Fund, PIMCO California Municipal Income Fund II, PIMCO California Municipal Income Fund III, PIMCO Corporate & Income Strategy Fund, PIMCO Corporate & Income Opportunity Fund, PIMCO Dynamic Income Fund, PIMCO Dynamic Credit Income Fund, PIMCO Income Strategy Fund, PIMCO Income Strategy Fund II, PIMCO Global StocksPLUS^® & Income Fund, PIMCO High Income Fund, PIMCO Income Opportunity Fund, PIMCO Municipal Income Fund, PIMCO Municipal Income Fund II, PIMCO Municipal Income Fund III, PIMCO New York Municipal Income Fund, PIMCO New York Municipal Income Fund II, PIMCO New York Municipal Income Fund III, PIMCO Strategic Global Government Fund, Inc., and Premier Multi-Series VIT, Allianz Funds and Allianz Funds Multi-Strategy Trust (each a “Trust”), on behalf of each Trust’s respective series of shares (the “Funds”).

WHEREAS, each of the Trusts and Funds have investment advisers which are affiliates of each other (each such firm, and any other advisory firm that is an affiliate of such firms, an “Affiliated Manager”);

WHEREAS, the Trusts and Funds are named as insureds under a Joint Investment Company Blanket Bond (the “Bond”) issued by National Union Fire Insurance Company of Pittsburgh, PA, Great American Insurance Group and Berkley Regional Insurance Company (collectively, the “Insurers”);

WHEREAS, the Trusts desire to establish (i) the basis on which additional investment companies for which an Affiliated Manager may hereafter act as investment adviser may be added as named insureds under the Bond, and (ii) the criteria by which recoveries under the Bond shall be allocated among the parties;

NOW, THEREFORE, it is agreed as follows:

1. If the Insurers are willing without additional premium to add, as an insured under the Bond, any investment company, not listed at the head of this agreement for which an Affiliated Manager hereafter is investment adviser, which may be included in the Bond pursuant to Rule 17g-1(b) under the Investment Company Act of 1940, as amended, and the rules and regulations thereunder (the “Act”), the Trusts agree (a) that such addition may be made, provided that those trustees of each Trust who are not “interested persons” of such Trust shall approve such addition, and (b) that such investment company may become a party to this agreement and be included within the terms “Trust,” “Fund,” or “party,” provided that in each case such investment company shall have executed and delivered to the Trusts its written agreement to become a party hereto and to be bound by the terms of this Agreement.

2. In the event that the claims of loss of two or more insureds under the Bond are so related that the Insurers are entitled to assert that the claims must be aggregated, each Fund shall receive an equitable and proportionate share of the recovery, but at least equal to the amount it would have received had it provided and maintained a single insured bond with the minimum coverage required under Rule 17g-1 under the Act.

3. A copy of the Agreement and Declaration of Trust or Trust Instrument of each Trust is on file with the Secretary of State of the state in which such Trust was organized, and notice is hereby given that this instrument is executed on behalf of the Trustees of each Trust as Trustees and not individually and that the obligations under this instrument are not binding upon any of the Trustees or holders of shares of beneficial interest of any Trust or Fund individually but are binding only upon the respective assets and property of each Trust and Fund.

-2-

IN WITNESS WHEREOF the parties have caused these presents to be executed by their officers hereunto duly authorized all as of the day and year first above written.

AllianzGI Convertible & Income Fund

AllianzGI Convertible & Income Fund II

AllianzGI Equity & Convertible Income Fund

AllianzGI Global Equity & Convertible Income Fund

AllianzGI International & Premium Strategy Fund

AllianzGI Managed Accounts Trust

AllianzGI NFJ Dividend, Interest & Premium Strategy Fund

PCM Fund, Inc.

PIMCO California Municipal Income Fund

PIMCO California Municipal Income Fund II

PIMCO California Municipal Income Fund III

PIMCO Corporate & Income Strategy Fund

PIMCO Corporate & Income Opportunity Fund

PIMCO Dynamic Income Fund

PIMCO Dynamic Credit Income Fund

PIMCO Income Strategy Fund

PIMCO Income Strategy Fund II

PIMCO Global StocksPLUS^® & Income Fund

PIMCO High Income Fund

PIMCO Income Opportunity Fund

PIMCO Municipal Income Fund

PIMCO Municipal Income Fund II

PIMCO Municipal Income Fund III

PIMCO New York Municipal Income Fund

PIMCO New York Municipal Income Fund II

PIMCO New York Municipal Income Fund III

PIMCO Strategic Global Government Fund, Inc.

By:	/s/ Brian S. Shlissel
	Brian S. Shlissel
	President and Chief Executive Officer
Allianz Funds Allianz Funds Multi-Strategy Trust Premier Multi-Series VIT
By:	/s/ Brian S. Shlissel
	Brian S. Shlissel
	President