0001104659-12-085789.txt : 20121221 0001104659-12-085789.hdr.sgml : 20121221 20121221121940 ACCESSION NUMBER: 0001104659-12-085789 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 8 FILED AS OF DATE: 20121221 DATE AS OF CHANGE: 20121221 EFFECTIVENESS DATE: 20121221 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: 121280180 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: 1940 Act SEC FILE NUMBER: 811-22167 FILM NUMBER: 121280181 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 S000039317 AllianzGI Dynamic Emerging Multi-Asset Fund C000121155 Class A ADYAX C000121156 Class C ADYCX C000121157 Institutional Class ADYNX C000121158 Class P ADYPX C000121159 Class D ADYDX 0001423227 S000039318 AllianzGI Multi-Asset Real Return Fund C000121160 Class D ALRDX C000121161 Class A ALRAX C000121162 Class C ALLCX C000121163 Institutional Class ALRNX C000121164 Class P ALRPX 485BPOS 1 a12-29473_3485bpos.htm 485BPOS

 

As Filed with the Securities and Exchange Commission on December 21, 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. 47

 

x

REGISTRATION STATEMENT Under THE INVESTMENT COMPANY ACT OF 1940

 

x

Amendment No. 49

 

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. 49 to the Trust’s Registration Statement on Form N-1A hereby incorporates Parts A, B and C from the Trust’s PEA No. 48 on Form N-1A filed December 14, 2012.  This PEA No. 49 is filed for the sole purpose of submitting the XBRL exhibit for the risk/return summary first provided in PEA No. 48 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. 49 (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 21st day of December, 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

 

December 21, 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: December 21, 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 ck0001423227-20121214.xml XBRL INSTANCE DOCUMENT 485BPOS 2012-12-14 0001423227 2012-12-14 Allianz Funds Multi-Strategy Trust false 2012-12-14 2012-12-17 <tt>The Fund pays transaction costs, such as commissions, when it buys <br />and sells securities (or "turns over" its portfolio). High levels <br />of portfolio turnover may indicate higher transaction costs and may <br />result in higher taxes for you if your Fund shares are held in a <br />taxable account. These costs, which are not reflected in Total <br />Annual Fund Operating Expenses or in the Examples above, can <br />adversely affect the Fund's investment performance.</tt> <div style="display:none">~ http://www.allianzinvestors.com/role/ExpenseExample_S000039318Member2 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <tt>The Fund seeks long-term capital appreciation emphasizing inflation-adjusted<br />returns.</tt> <tt>The Examples are intended to help you compare the cost of investing in <br />shares of the Fund with the costs of investing in other mutual funds. <br />The Examples assume that you invest $10,000 in the noted class of shares <br />for the time periods indicated, your investment has a 5% return each year, <br />and the Fund's operating expenses remain the same. Although your actual <br />costs may be higher or lower, the Examples show what your costs would be <br />based on these assumptions. The Examples are based, for the first year, <br />on Total Annual Fund Operating Expenses After Expense Reductions and, for<br />all other periods, on Total Annual Fund Operating Expenses.</tt> <tt>The Fund's objective is long-term capital appreciation emphasizing<br />inflation-adjusted returns. In seeking to achieve this objective,<br />the Fund focuses on asset classes that are highly correlated to<br />inflation. The portfolio managers believe that the following<br />selected asset classes can provide attractive returns in<br />inflationary environments.<br /><br />&#x2022;&#xA0;&#xA0;Commodities investments can track inflation because commodity<br />prices drive input costs, which in turn influence Consumer Price<br />Index (CPI) changes.<br /><br />&#x2022;&#xA0;&#xA0;Real Estate Investment Trusts (REITs) can provide a link to<br />inflation if property owners are able to raise rents to offset<br />rising input costs.<br /><br />&#x2022;&#xA0;&#xA0;Global resource equities are linked to inflation because<br />resource-related businesses typically provide productivity-enhancing <br />inputs and generally are able to benefit from rising raw material <br />prices and by including any cost increases associated with inflation <br />to the final costs charged to customers.<br /><br />&#x2022;&#xA0;&#xA0;Treasury Inflation Protected Securities (TIPS) are debt<br />securities with notional amounts that are directly linked to the<br />development of CPI measures. As such, TIPS can be used directly to<br />hedge against inflation.<br /><br />The portfolio managers believe that they can enhance the Fund's<br />ability to meet its objective by building a diversified portfolio<br />with multiple asset classes that have different risk and return<br />profiles but are highly correlated to inflation. The Fund mainly<br />invests in active or passive mutual funds, exchange traded funds<br />(ETFs), stocks, fixed income securities, and derivatives. The <br />Fund at inception will gain exposure to the desired asset classes<br />partially through acquired funds. As the Fund grows in size, it<br />will seek to achieve economies of scale by investing to an<br />increasing degree directly in individual securities and other<br />instruments. The managers may also allocate a portion of the<br />portfolio to emerging market equities and emerging market fixed<br />income securities, and such allocation would be separate from the<br />Fund's exposure to the current primary asset classes associated<br />with inflation (i.e., TIPS, REITs, commodities and global resource<br />equities).<br /><br />The portfolio managers apply an active asset allocation approach<br />based on their assessments of market cycles, economic cycles, and<br />asset class valuations to enhance the risk and return profile of<br />the Fund. As a consequence of the manager's asset allocation<br />shifts, the Fund may have a high portfolio turnover rate, which <br />may exceed of 100% per annum.<br /><br />The Fund may invest using a "fund of funds" structure, which is a<br />term used to describe mutual funds that pursue their investment<br />objective by investing largely or entirely in other funds. The Fund<br />may invest up to 10% of its assets in unaffiliated investment companies. <br />The Fund may invest in issuers of any capitalization and may participate <br />in initial public offerings (IPOs). The Fund may invest significantly <br />in short-term inflation-linked bonds, emerging market equities, and U.S. <br />government bonds. The Fund may also invest in fixed income securities <br />of any duration as well as high yield or junk bonds. In order to gain <br />exposure to desired asset classes or securities, or for hedging or <br />other investment purposes, the Fund may also utilize foreign currency <br />exchange contracts, options, futures contracts (including stock index <br />and other types of futures), warrants and other derivative instruments.</tt> AllianzGI Multi-Asset Real Return 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. Estimated Other Expenses are based on $5 million of invested assets and include organizational and offering expenses for the Fund's initial fiscal year ending November 30, 2013. 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<br />by: the allocation determinations, investment decisions and techniques <br />of the Fund's management; factors, risks and performance specific to <br />the Underlying Funds, Other Acquired Funds, issuers of securities and <br />other instruments in which the Fund invests, including actual or <br />perceived changes in the financial condition or business prospects <br />of such issuers; and factors influencing the U.S. or global economies <br />and securities markets or relevant industries or sectors within them <br />(Management Risk, Allocation Risk, Underlying Fund and Other Acquired <br />Fund Risks, Issuer Risk, Market Risk). Equity securities may react <br />more strongly to changes in an issuer's financial condition or <br />prospects than other securities of the same issuer, and securities <br />issued by smaller companies may be more volatile and present increased <br />liquidity risk (Equity Securities Risk, Smaller Company Risk). Fixed <br />income (debt) securities, particularly high-yield or junk bonds, are <br />subject to greater levels of credit and liquidity risk, may be <br />speculative and may decline in value due to changes in interest <br />rates or an issuer's or counterparty's deterioration or default <br />(Fixed Income Risk, High Yield Risk, Interest Rate Risk). Non-U.S. <br />securities markets and issuers may be more volatile, smaller, <br />less-liquid, less transparent and subject to less oversight, <br />particularly in emerging markets, and non-U.S. securities values <br />may also fluctuate with currency exchange rates (Non-U.S. Investment <br />Risk, Emerging Markets Risk, Currency Risk). Other principal risks <br />include: REIT and Real Estate-Linked Derivatives Risk (adverse <br />changes in the real estate markets may affect the value of REIT <br />investments or real estate-linked derivatives); Commodity Risk <br />(commodity-linked derivative instruments may increase volatility); <br />Liquidity Risk (the lack of an active market for investments may <br />cause delay in disposition or force a sale below fair value); <br />Derivatives Risk (derivative instruments are complex, have different <br />characteristics than their underlying assets and are subject to <br />additional risks, including leverage, liquidity and valuation); <br />Index Risk (investments in index-linked derivatives are subject to <br />the risks associated with the applicable index); IPO Risk (securities<br />purchased in initial public offerings have no trading history,<br />limited issuer information and increased volatility); and Turnover<br />Risk (high levels of portfolio turnover increase transaction costs<br />and taxes and may lower investment performance). Please see<br />"Summary of Principal Risks" in the Fund's statutory prospectus for<br />a more detailed description of the Fund's risks. It is possible to<br />lose money on an investment in the Fund. An investment in the Fund<br />is not a deposit of a bank and is not insured or guaranteed by the<br />Federal Deposit Insurance Corporation or any other government<br />agency.</tt> Fees and Expenses of the Fund Principal Investment Strategies <tt>Performance information for the Fund will be available after the Fund <br />completes a full calendar year of operation.</tt> <tt>The tables below describe the fees and expenses that you may pay if<br />you buy and hold shares of the Fund. You may qualify for sales<br />charge discounts if you and your family invest, or agree to invest<br />in the future, at least $50,000 in Class A Shares of eligible funds<br />that are part of the family of mutual funds sponsored by Allianz.<br />More information about these and other discounts is available in<br />the "Classes of Shares" section beginning on page 24 of the Fund's<br />statutory prospectus or from your financial advisor.</tt> <div style="display:none">~ http://www.allianzinvestors.com/role/OperatingExpensesData_S000039318Member2 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_S000039318Member2 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.allianzinvestors.com/role/ShareholderFeesData_S000039318Member2 column primary compact * row dei_LegalEntityAxis compact * row rr_ProspectusShareClassAxis compact * ~</div> ALLCX 0.0000 303 203 1274 -0.0628 0.0613 0.0075 2013-12-31 1274 0.0100 0.0200 0.0828 0.0040 0.01 ALRAX 0.0550 670 670 1550 -0.0628 0.0613 0.0075 2013-12-31 1550 0.0025 0.0125 0.0753 0.0040 0.01 <tt>The Fund pays transaction costs, such as commissions, when it buys and <br />sells securities (or "turns over" its portfolio). High levels of portfolio <br />turnover may indicate higher transaction costs and may result in higher <br />taxes for you if your Fund shares are held in a taxable account. These <br />costs, which are not reflected in Total Annual Fund Operating Expenses <br />or in the Examples above, can adversely affect the Fund's investment<br />performance.</tt> <div style="display:none">~ http://www.allianzinvestors.com/role/ExpenseExample_S000039318Member1 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <tt>The Fund seeks long-term capital appreciation emphasizing inflation-adjusted returns.</tt> <tt>The Examples are intended to help you compare the cost of investing in <br />shares of the Fund with the costs of investing in other mutual funds. <br />The Examples assume that you invest $10,000 in the noted class of shares <br />for the time periods indicated, your investment has a 5% return each year, <br />and the Fund's operating expenses remain the same. Although your actual <br />costs may be higher or lower, the Examples show what your costs would be <br />based on these assumptions. The Examples are based, for the first year, <br />on Total Annual Fund Operating Expenses After Expense Reductions and, for<br />all other periods, on Total Annual Fund Operating Expenses.</tt> <tt>The Fund's objective is long-term capital appreciation emphasizing <br />inflation-adjusted returns. In seeking to achieve this objective,&#xA0;&#xA0;<br />the Fund focuses on asset classes that are highly correlated to&#xA0;&#xA0;&#xA0;&#xA0;<br />inflation. The portfolio managers believe that the following&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />selected asset classes can provide attractive returns in inflationary <br />environments.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;<br />&#x2022;&#xA0;&#xA0;Commodities investments can track inflation because commodity&#xA0;&#xA0;&#xA0;<br />prices drive input costs, which in turn influence Consumer Price&#xA0;&#xA0;&#xA0;<br />Index (CPI) changes.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;<br />&#x2022;&#xA0;&#xA0;Real Estate Investment Trusts (REITs) can provide a link to&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />inflation if property owners are able to raise rents to offset&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />rising input costs.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;<br />&#x2022;&#xA0;&#xA0;Global resource equities are linked to inflation because&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />resource-related businesses typically provide productivity-enhancing <br />inputs and generally are able to benefit from rising raw material <br />prices and by including any cost increases associated with inflation <br />to the final costs charged to customers. <br />&#xA0;&#xA0;<br />&#x2022;&#xA0;&#xA0;Treasury Inflation Protected Securities (TIPS) are debt&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />securities with notional amounts that are directly linked to the&#xA0;&#xA0;&#xA0;<br />development of CPI measures. As such, TIPS can be used directly to <br />hedge against inflation.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;<br />The portfolio managers believe that they can enhance the Fund's&#xA0;&#xA0;&#xA0;&#xA0;<br />ability to meet its objective by building a diversified portfolio&#xA0;&#xA0;<br />with multiple asset classes that have different risk and return&#xA0;&#xA0;&#xA0;&#xA0;<br />profiles but are highly correlated to inflation. The Fund mainly&#xA0;&#xA0;&#xA0;<br />invests in active or passive mutual funds, exchange traded funds&#xA0;&#xA0;&#xA0;<br />(ETFs), stocks, fixed income securities, and derivatives. The Fund <br />at inception will gain exposure to the desired asset classes<br />partially through acquired funds. As the Fund grows in size, it<br />will seek to achieve economies of scale by investing to an<br />increasing degree directly in individual securities and other&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />instruments. The managers may also allocate a portion of the&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />portfolio to emerging market equities and emerging market fixed&#xA0;&#xA0;&#xA0;&#xA0;<br />income securities, and such allocation would be separate from the&#xA0;&#xA0;<br />Fund's exposure to the current primary asset classes associated&#xA0;&#xA0;&#xA0;&#xA0;<br />with inflation (i.e., TIPS, REITs, commodities and global resource <br />equities).&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;<br />The portfolio managers apply an active asset allocation approach&#xA0;&#xA0;&#xA0;<br />based on their assessments of market cycles, economic cycles, and&#xA0;&#xA0;<br />asset class valuations to enhance the risk and return profile of&#xA0;&#xA0;&#xA0;<br />the Fund. As a consequence of the manager's asset allocation&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />shifts, the Fund may have a high portfolio turnover rate, which may<br />exceed of 100% per annum.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;<br />The Fund may invest using a "fund of funds" structure, which is a&#xA0;&#xA0;<br />term used to describe mutual funds that pursue their investment&#xA0;&#xA0;&#xA0;&#xA0;<br />objective by investing largely or entirely in other funds. The Fund<br />may invest up to 10% of its assets in unaffiliated investment&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />companies. The Fund may invest in issuers of any capitalization and<br />may participate in initial public offerings (IPOs). The Fund may&#xA0;&#xA0;&#xA0;<br />invest significantly in short-term inflation-linked bonds, emerging<br />market equities, and U.S. government bonds. The Fund may also&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />invest in fixed income securities of any duration as well as high&#xA0;&#xA0;<br />yield or junk bonds. In order to gain exposure to desired asset&#xA0;&#xA0;&#xA0;&#xA0;<br />classes or securities, or for hedging or other investment purposes,<br />the Fund may also utilize foreign currency exchange contracts,&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />options, futures contracts (including stock index and other types&#xA0;&#xA0;<br />of futures), warrants and other derivative instruments.</tt> AllianzGI Multi-Asset Real Return Fund Examples. Estimated Other Expenses are based on $5 million of invested assets and include organizational and offering expenses for the Fund's initial fiscal year ending November 30, 2013. 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<br />by: the allocation determinations, investment decisions and techniques <br />of the Fund's management; factors, risks and performance specific to <br />the Underlying Funds, Other Acquired Funds, issuers of securities and <br />other instruments in which the Fund invests, including actual or <br />perceived changes in the financial condition or business prospects <br />of such issuers; and factors influencing the U.S. or global economies <br />and securities markets or relevant industries or sectors within them <br />(Management Risk, Allocation Risk, Underlying Fund and Other Acquired <br />Fund Risks, Issuer Risk, Market Risk). Equity securities may react <br />more strongly to changes in an issuer's financial condition or <br />prospects than other securities of the same issuer, and securities <br />issued by smaller companies may be more volatile and present increased <br />liquidity risk (Equity Securities Risk, Smaller Company Risk).Fixed <br />income (debt) securities, particularly high-yield or junk bonds, are <br />subject to greater levels of credit and liquidity risk, may be <br />speculative and may decline in value due to changes in interest <br />rates or an issuer's or counterparty's deterioration or default <br />(Fixed Income Risk, High Yield Risk, Interest Rate Risk). Non-U.S. <br />securities markets and issuers may be more volatile, smaller, <br />less-liquid, less transparent and subject to less oversight, <br />particularly in emerging markets, and non-U.S. securities values <br />may also fluctuate with currency exchange rates (Non-U.S. Investment <br />Risk, Emerging Markets Risk, Currency Risk). Other principal risks <br />include: REIT and Real Estate-Linked Derivatives Risk (adverse <br />changes in the real estate markets may affect the value of REIT <br />investments or real estate-linked derivatives); Commodity Risk <br />(commodity-linked derivative instruments may increase volatility); <br />Liquidity Risk (the lack of an active market for investments may <br />cause delay in disposition or force a sale below fair value); <br />Derivatives Risk (derivative instruments are complex, have different <br />characteristics than their underlying assets and are subject to <br />additional risks, including leverage, liquidity and valuation); Index <br />Risk (investments in index-linked derivatives are subject to the <br />risks associated with the applicable index); IPO Risk (securities<br />purchased in initial public offerings have no trading history,<br />limited issuer information and increased volatility); and Turnover<br />Risk (high levels of portfolio turnover increase transaction costs<br />and taxes and may lower investment performance). Please see "Summary <br />of Principal Risks" in the Fund's statutory prospectus for a more <br />detailed description of the Fund's risks. It is possible to lose <br />money on an investment in the Fund. An investment in the Fund is <br />not a deposit of a bank and is not insured or guaranteed by the<br />Federal Deposit Insurance Corporation or any other government<br />agency.</tt> Fees and Expenses of the Fund Principal Investment Strategies <tt>Performance information for the Fund will be available after the Fund <br />completes a full calendar year of operation.</tt> <tt>The tables below describe the fees and expenses that you may pay if you buy <br />and hold shares of the Fund.</tt> <div style="display:none">~ http://www.allianzinvestors.com/role/OperatingExpensesData_S000039318Member1 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. ALRPX 112 1014 -0.0628 0.0623 0.0075 2013-12-31 0.0000 0.0110 0.0738 0.0040 ALRNX 102 985 -0.0628 0.0613 0.0075 2013-12-31 0.0000 0.0100 0.0728 0.0040 ALRDX 127 1058 -0.0628 0.0613 0.0075 2013-12-31 0.0025 0.0125 0.0753 0.0040 <tt>The Fund pays transaction costs, such as commissions, when it buys and <br />sells securities (or "turns over" its portfolio). High levels of portfolio <br />turnover may indicate higher transaction costs and may result in higher <br />taxes for you if your Fund shares are held in a taxable account. These <br />costs, which are not reflected in Total Annual Fund Operating Expenses <br />or in the Examples above, can adversely affect the Fund's investment<br />performance.</tt> <div style="display:none">~ http://www.allianzinvestors.com/role/ExpenseExample_S000039317Member2 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 <br />shares of the Fund with the costs of investing in other mutual funds. <br />The Examples assume that you invest $10,000 in the noted class of shares <br />for the time periods indicated, your investment has a 5% return each year, <br />and the Fund's operating expenses remain the same. Although your actual <br />costs may be higher or lower, the Examples show what your costs would be <br />based on these assumptions. The Examples are based, for the first year, <br />on Total Annual Fund Operating Expenses After Expense Reductions and, for<br />all other periods, on Total Annual Fund Operating Expenses.</tt> <tt>The Fund seeks to achieve its objective by applying a disciplined and <br />tactical investment process across a range of asset classes that <br />the portfolio managers believe exhibit strong growth characteristics. <br />The Fund normally invests at least 80% of its net assets (plus borrowings <br />made for investment purposes) in securities and instruments that are tied <br />economically to emerging markets countries. The Fund currently defines <br />emerging markets countries as countries with securities markets which <br />are, in the opinion of the portfolio managers, less sophisticated than <br />more developed markets in terms of participation by investors, analyst <br />coverage, liquidity and/or regulation. Such countries typically have <br />economies undergoing rapid growth driven by industrialization, rising<br />exports, and increased business activity. Emerging market securities <br />may include those listed in standard indices (e.g., in the MSCI <br />Emerging Markets Index, the JP Morgan EMBI+ Index, and the MSCI <br />Frontier Market Index) as well as securities not represented in <br />these indices, if they are domiciled or issued in emerging<br />markets, including "frontier markets" (i.e., markets that have lower <br />market capitalization and liquidity than the more developed emerging <br />markets), or if they generate a majority of their earnings in these <br />markets.<br /><br />The portfolio managers target a mix of asset classes and select<br />individual investments that they believe offer efficient exposure<br />to each such asset class. The Fund achieves its exposure to<br />specific asset classes through investments in certain acquired<br />funds and/or through direct investments in instruments such as<br />equity securities, fixed income securities, or related derivatives<br />on such equity or fixed income securities. The Fund, at inception<br />and as long as it remains small, will gain exposure to the desired<br />asset classes primarily through acquired funds and/or via derivatives. <br />As the Fund grows in size, it will seek to achieve economies of scale <br />by investing directly in individual securities and other instruments.<br /><br />The first step of the investment process is to determine the<br />asset classes best positioned to take advantage of growth trends in<br />emerging markets, such as emerging market equities, emerging market<br />fixed income and commodities. In the second step of the process,<br />the portfolio managers analyze market cycles, economic cycles, and<br />valuations, of each asset class and their components to develop a<br />tactical asset view across asset classes, which may ultimately lead<br />to dynamic shifts in the Fund's exposures to individual holdings<br />and asset classes. The portfolio managers employ a risk management<br />strategy which may cause them to adjust this allocation in an<br />effort to mitigate certain downside risks such as severe downward<br />price movements or other market stresses. Having arrived at a <br />final asset allocation across asset classes, the Fund's portfolio<br />managers conduct an active selection process for acquired funds<br />and/or direct investments to gain the intended exposure to the<br />relevant asset classes.<br /><br />As an integral part of its asset allocation process, the Fund<br />employs a risk management strategy. One of the components of the<br />risk management strategy considers tail risk, or the risk that the<br />Fund will not meet its objectives because of an outsized loss in<br />the asset classes represented in its portfolio. Factors included in<br />the tail risk measurement analysis include, but are not limited to,<br />the declines suffered by the Fund and the asset classes represented<br />in the Fund in recent months, how frequently such losses have<br />occurred and the relationship in the price movements between the<br />emerging market asset classes. As a consequence of the portfolio<br />managers' tactical adjustments and risk management processes, the<br />Fund may have a high portfolio turnover rate, which may be in<br />excess of 100%.<br /><br />The Fund may invest using a "fund of funds" structure, which is a<br />term used to describe mutual funds that pursue their investment<br />objective by investing largely or entirely in other funds. The Fund<br />may invest up to 10% of its assets in unaffiliated investment<br />companies (including ETFs). The Fund may invest in issuers of any<br />capitalization and may participate in initial public offerings<br />("IPOs"). The Fund may invest significantly in short-term bonds and<br />cash and other investments that provide emerging markets exposure<br />such as local emerging market bonds and emerging market currencies<br />(or derivatives on such currencies). The Fund may invest in fixed<br />income securities of any duration as well as high yield or junk<br />bonds. In order to gain exposure to desired asset classes or<br />securities, or for hedging or other investment purposes, the Fund<br />may also utilize options, stock index futures contracts, warrants<br />and other derivative instruments.</tt> AllianzGI Dynamic Emerging Multi-Asset 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. Estimated Other Expenses are based on $5 million of invested assets and include organizational and offering expenses for the Fund's initial fiscal year ending November 30, 2013. 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<br />by: the allocation determinations, investment decisions and techniques <br />of the Fund's management; factors, risks and performance specific to <br />the Underlying Funds, Other Acquired Funds, issuers of securities and <br />other instruments in which the Fund invests, including actual or <br />perceived changes in the financial condition or business prospects <br />of such issuers; and factors influencing the U.S. or global economies <br />and securities markets or relevant industries or sectors within them <br />(Management Risk, Allocation Risk, Underlying Fund and Other Acquired <br />Fund Risks, Issuer Risk, Market Risk). Equity securities may react <br />more strongly to changes in an issuer's financial condition or <br />prospects than other securities of the same issuer, and securities <br />issued by smaller companies may be more volatile and present increased <br />liquidity risk (Equity Securities Risk, Smaller Company Risk). Fixed <br />income (debt) securities, particularly high-yield or junk bonds, are <br />subject to greater levels of credit and liquidity risk, may be <br />speculative and may decline in value due to changes in interest <br />rates or an issuer's or counterparty's deterioration or default <br />(Fixed Income Risk, High Yield Risk, Interest Rate Risk). Non-U.S. <br />securities markets and issuers may be more volatile, smaller, <br />less-liquid, less transparent and subject to less oversight, <br />particularly in emerging markets, and non-U.S. securities values <br />may also fluctuate with currency exchange rates (Non-U.S. Investment <br />Risk, Emerging Markets Risk, Currency Risk). Other principal risks <br />include: Commodity Risk (commodity-linked derivative instruments may<br />increase volatility); Credit Risk (an issuer or counterparty may<br />default on obligations); IPO Risk (securities purchased in initial<br />public offerings have no trading history, limited issuer information <br />and increased volatility); Turnover Risk (high levels of portfolio <br />turnover increase transaction costs and taxes and may lower investment <br />performance); and Derivatives Risk (derivative instruments are complex, <br />have different characteristics than their underlying assets and are <br />subject to additional risks, including leverage, liquidity and valuation). <br />Please see "Summary of Principal Risks" in the Fund's statutory prospectus <br />for a more detailed description of the Fund's risks. It is possible to <br />lose money on an investment in the Fund. An investment in the Fund is not <br />a deposit of a bank and is not insured or guaranteed by the Federal Deposit<br />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 <br />a full calendar year of operation.</tt> <tt>The tables below describe the fees and expenses that you may pay if<br />you buy and hold shares of the Fund. You may qualify for sales<br />charge discounts if you and your family invest, or agree to invest<br />in the future, at least $50,000 in Class A Shares of eligible funds<br />that are part of the family of mutual funds sponsored by Allianz.<br />More information about these and other discounts is available in<br />the "Classes of Shares" section beginning on page 24 of the Fund's<br />statutory prospectus or from your financial advisor.</tt> <div style="display:none">~ http://www.allianzinvestors.com/role/OperatingExpensesData_S000039317Member2 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_S000039317Member2 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.allianzinvestors.com/role/ShareholderFeesData_S000039317Member2 column primary compact * row dei_LegalEntityAxis compact * row rr_ProspectusShareClassAxis compact * ~</div> ADYCX 0.0000 338 238 1270 -0.0575 0.0605 0.0090 2013-12-31 1270 0.0100 0.0235 0.0810 0.0015 0.01 ADYAX 0.0550 704 704 1546 -0.0575 0.0605 0.0090 2013-12-31 1546 0.0025 0.0160 0.0735 0.0015 0.01 <tt>The Fund pays transaction costs, such as commissions, when it buys and <br />sells securities (or "turns over" its portfolio). High levels of portfolio <br />turnover may indicate higher transaction costs and may result in higher <br />taxes for you if your Fund shares are held in a taxable account. These <br />costs, which are not reflected in Total Annual Fund Operating Expenses <br />or in the Examples above, can adversely affect the Fund's investment<br />performance.</tt> <div style="display:none">~ http://www.allianzinvestors.com/role/ExpenseExample_S000039317Member1 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 <br />shares of the Fund with the costs of investing in other mutual funds. <br />The Examples assume that you invest $10,000 in the noted class of shares <br />for the time periods indicated, your investment has a 5% return each year, <br />and the Fund's operating expenses remain the same. Although your actual <br />costs may be higher or lower, the Examples show what your costs would be <br />based on these assumptions. The Examples are based, for the first year, <br />on Total Annual Fund Operating Expenses After Expense Reductions and, for<br />all other periods, on Total Annual Fund Operating Expenses.</tt> <tt>The Fund seeks to achieve its objective by applying a disciplined<br />and tactical investment process across a range of asset classes<br />that the portfolio managers believe exhibit strong growth<br />characteristics. The Fund normally invests at least 80% of its net<br />assets (plus borrowings made for investment purposes) in securities<br />and instruments that are tied economically to emerging markets<br />countries. The Fund currently defines emerging markets countries as<br />countries with securities markets which are, in the opinion of the<br />portfolio managers, less sophisticated than more developed markets<br />in terms of participation by investors, analyst coverage, liquidity<br />and/or regulation. Such countries typically have economies undergoing <br />rapid growth driven by industrialization, rising exports, and increased <br />business activity. Emerging market securities may include those listed <br />in standard indices (e.g., in the MSCI Emerging Markets Index, the JP <br />Morgan EMBI+ Index, and the MSCI Frontier Market Index) as well as <br />securities not represented in these indices, if they are domiciled or <br />issued in emerging markets, including "frontier markets" (i.e., markets <br />that have lower market capitalization and liquidity than the more <br />developed emerging markets), or if they generate a majority of their <br />earnings in these markets.<br /><br />The portfolio managers target a mix of asset classes and select<br />individual investments that they believe offer efficient exposure<br />to each such asset class. The Fund achieves its exposure to<br />specific asset classes through investments in certain acquired<br />funds and/or through direct investments in instruments such as<br />equity securities, fixed income securities, or related derivatives<br />on such equity or fixed income securities. The Fund, at inception<br />and as long as it remains small, will gain exposure to the desired<br />asset classes primarily through acquired funds and/or via derivatives. <br />As the Fund grows in size, it will seek to achieve economies of scale <br />by investing directly in individual securities and other instruments.<br /><br />The first step of the investment process is to determine the asset<br />classes best positioned to take advantage of growth trends in<br />emerging markets, such as emerging market equities, emerging market<br />fixed income and commodities. In the second step of the process,<br />the portfolio managers analyze market cycles, economic cycles, and<br />valuations, of each asset class and their components to develop a<br />tactical asset view across asset classes, which may ultimately lead<br />to dynamic shifts in the Fund's exposures to individual holdings<br />and asset classes. The portfolio managers employ a risk management<br />strategy which may cause them to adjust this allocation in an<br />effort to mitigate certain downside risks such as severe downward<br />price movements or other market stresses. Having arrived at a final<br />asset allocation across asset classes, the Fund's portfolio managers <br />conduct an active selection process for acquired funds and/or direct <br />investments to gain the intended exposure to the relevant asset <br />classes.<br /><br />As an integral part of its asset allocation process, the Fund<br />employs a risk management strategy. One of the components of the<br />risk management strategy considers tail risk, or the risk that the<br />Fund will not meet its objectives because of an outsized loss in<br />the asset classes represented in its portfolio. Factors included in<br />the tail risk measurement analysis include, but are not limited to,<br />the declines suffered by the Fund and the asset classes represented<br />in the Fund in recent months, how frequently such losses have<br />occurred and the relationship in the price movements between the<br />emerging market asset classes. As a consequence of the portfolio<br />managers' tactical adjustments and risk management processes, the<br />Fund may have a high portfolio turnover rate, which may be in<br />excess of 100%.<br /><br />The Fund may invest using a "fund of funds" structure, which is <br />a term used to describe mutual funds that pursue their investment<br />objective by investing largely or entirely in other funds. The Fund<br />may invest up to 10% of its assets in unaffiliated investment companies <br />(including ETFs). The Fund may invest in issuers of any capitalization <br />and may participate in initial public offerings ("IPOs"). The Fund may <br />invest significantly in short-term bonds and cash and other investments <br />that provide emerging markets exposure such as local emerging market <br />bonds and emerging market currencies (or derivatives on such currencies). <br />The Fund may invest in fixed income securities of any duration as well <br />as high yield or junk bonds. In order to gain exposure to desired asset <br />classes or securities, or for hedging or other investment purposes, the <br />Fund may also utilize options, stock index futures contracts, warrants<br />and other derivative instruments.</tt> AllianzGI Dynamic Emerging Multi-Asset Fund Examples. Estimated Other Expenses are based on $5 million of invested assets and include organizational and offering expenses for the Fund's initial fiscal year ending November 30, 2013. 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<br />by: the allocation determinations, investment decisions and techniques <br />of the Fund's management; factors, risks and performance specific to <br />the Underlying Funds, Other Acquired Funds, issuers of securities and <br />other instruments in which the Fund invests, including actual or <br />perceived changes in the financial condition or business prospects <br />of such issuers; and factors influencing the U.S. or global economies <br />and securities markets or relevant industries or sectors within them <br />(Management Risk, Allocation Risk, Underlying Fund and Other Acquired <br />Fund Risks, Issuer Risk, Market Risk). Equity securities may react more <br />strongly to changes in an issuer's financial condition or prospects than <br />other securities&#xA0;&#xA0;of the same issuer, and securities issued by smaller <br />companies may be more volatile and present increased liquidity risk <br />(Equity Securities Risk, Smaller Company Risk).Fixed income (debt) <br />securities, particularly high-yield or junk bonds, are subject to greater <br />levels of credit and liquidity risk, may be speculative and may decline <br />in value due to changes in interest rates or an issuer's or counterparty's <br />deterioration or default (Fixed Income Risk, High Yield Risk, Interest <br />Rate Risk). Non-U.S. securities markets and issuers may be more volatile, <br />smaller, less-liquid, less transparent and subject to less oversight, <br />particularly in emerging markets, and non-U.S. securities values may <br />also fluctuate with currency exchange rates (Non-U.S. Investment Risk, <br />Emerging Markets Risk, Currency Risk). Other principal risks include: <br />Commodity Risk (commodity-linked derivative instruments may increase <br />volatility); Credit Risk (an issuer or counterparty may default on <br />obligations); IPO Risk (securities purchased in initial public offerings <br />have no trading history, limited issuer information and increased <br />volatility); Turnover Risk (high levels of portfolio turnover increase <br />transaction costs and taxes and may lower investment performance); and <br />Derivatives Risk (derivative instruments are complex, have different <br />characteristics than their underlying assets and are subject to additional <br />risks, including leverage, liquidity and valuation). Please see "Summary <br />of Principal Risks" in the Fund's statutory prospectus for a more detailed <br />description of the Fund's risks. It is possible to lose money on an <br />investment in the Fund. An investment in the Fund is not a deposit of <br />a bank and is not insured or guaranteed by the Federal Deposit Insurance <br />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 <br />a full calendar year of operation.</tt> <tt>The tables below describe the fees and expenses that you may pay if you buy <br />and hold shares of the Fund.</tt> <div style="display:none">~ http://www.allianzinvestors.com/role/OperatingExpensesData_S000039317Member1 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. ADYDX 163 1054 -0.0575 0.0605 0.0090 2013-12-31 0.0025 0.0160 0.0735 0.0015 ADYPX 148 1010 -0.0575 0.0615 0.0090 2013-12-31 0.0000 0.0145 0.0720 0.0015 ADYNX 137 981 -0.0575 0.0605 0.0090 2013-12-31 0.0000 0.0135 0.0710 0.0015 0001423227 ck0001423227:SummaryS000039317-1Memberck0001423227:S000039317Memberck0001423227:C000121157Member 2012-12-17 2012-12-17 0001423227 ck0001423227:SummaryS000039317-1Memberck0001423227:S000039317Memberck0001423227:C000121158Member 2012-12-17 2012-12-17 0001423227 ck0001423227:SummaryS000039317-1Memberck0001423227:S000039317Memberck0001423227:C000121159Member 2012-12-17 2012-12-17 0001423227 ck0001423227:SummaryS000039317-1Memberck0001423227:S000039317Member 2012-12-17 2012-12-17 0001423227 ck0001423227:SummaryS000039317-2Memberck0001423227:S000039317Memberck0001423227:C000121155Member 2012-12-17 2012-12-17 0001423227 ck0001423227:SummaryS000039317-2Memberck0001423227:S000039317Memberck0001423227:C000121156Member 2012-12-17 2012-12-17 0001423227 ck0001423227:SummaryS000039317-2Memberck0001423227:S000039317Member 2012-12-17 2012-12-17 0001423227 ck0001423227:SummaryS000039318-1Memberck0001423227:S000039318Memberck0001423227:C000121160Member 2012-12-17 2012-12-17 0001423227 ck0001423227:SummaryS000039318-1Memberck0001423227:S000039318Memberck0001423227:C000121163Member 2012-12-17 2012-12-17 0001423227 ck0001423227:SummaryS000039318-1Memberck0001423227:S000039318Memberck0001423227:C000121164Member 2012-12-17 2012-12-17 0001423227 ck0001423227:SummaryS000039318-1Memberck0001423227:S000039318Member 2012-12-17 2012-12-17 0001423227 ck0001423227:SummaryS000039318-2Memberck0001423227:S000039318Memberck0001423227:C000121161Member 2012-12-17 2012-12-17 0001423227 ck0001423227:SummaryS000039318-2Memberck0001423227:S000039318Memberck0001423227:C000121162Member 2012-12-17 2012-12-17 0001423227 ck0001423227:SummaryS000039318-2Memberck0001423227:S000039318Member 2012-12-17 2012-12-17 0001423227 2012-12-17 2012-12-17 iso4217:USD pure Estimated Other Expenses are based on $5 million of invested assets and include organizational and offering expenses for the Fund's initial fiscal year ending November 30, 2013. 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, acquired fund expenses and certain credits and other expenses, exceed 1.45% for Class D, 1.30% for Class P and 1.20% for Institutional Class 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, acquired fund expenses, and certain credits and other expenses, exceed 1.45% for Class A and 2.20% 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, acquired fund expenses, and certain credits and other expenses, exceed 0.85% for Class D, 0.70% for Class P and 0.60% for Institutional Class 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, acquired fund expenses, and certain credits and other expenses, exceed 0.85% for Class A and 1.60% 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 ck0001423227-20121214.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} (AllianzGI Dynamic Emerging Multi-Asset Fund - Institutional Class, 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} (AllianzGI Multi-Asset Real Return Fund - Institutional Class, 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} (AllianzGI Multi-Asset Real Return Fund - Institutional Class, Class P, Class D) link:calculationLink link:presentationLink link:definitionLink 06110 - Document - Risk/Return Summary {Unlabeled} (AllianzGI Dynamic Emerging Multi-Asset Fund - Class A, Class C) link:calculationLink link:presentationLink link:definitionLink 06111 - Schedule - Shareholder Fees link:calculationLink link:presentationLink link:definitionLink 06112 - Schedule - Annual Fund Operating Expenses link:calculationLink link:presentationLink link:definitionLink 06113 - Schedule - Expense Example {Transposed} link:calculationLink link:presentationLink link:definitionLink 06114 - Schedule - Expense Example, No Redemption {Transposed} link:calculationLink link:presentationLink link:definitionLink 06115 - Disclosure - Risk/Return Detail Data {Elements} (AllianzGI Dynamic Emerging Multi-Asset Fund - Class A, Class C) link:calculationLink link:presentationLink link:definitionLink 06116 - Document - Risk/Return Summary {Unlabeled} (AllianzGI Multi-Asset Real Return Fund - Class A, Class C) link:calculationLink link:presentationLink link:definitionLink 06117 - Schedule - Shareholder Fees link:calculationLink link:presentationLink link:definitionLink 06118 - Schedule - Annual Fund Operating Expenses link:calculationLink link:presentationLink link:definitionLink 06119 - Schedule - Expense Example {Transposed} link:calculationLink link:presentationLink link:definitionLink 06120 - Schedule - Expense Example, No Redemption {Transposed} link:calculationLink link:presentationLink link:definitionLink 06121 - Disclosure - Risk/Return Detail Data {Elements} (AllianzGI Multi-Asset Real Return Fund - Class A, Class C) link:calculationLink link:presentationLink link:definitionLink EX-101.CAL 4 ck0001423227-20121214_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT EX-101.DEF 5 ck0001423227-20121214_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.LAB 6 ck0001423227-20121214_lab.xml XBRL TAXONOMY EXTENSION LABELS LINKBASE DOCUMENT EX-101.PRE 7 ck0001423227-20121214_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT GRAPHIC 9 g294733bci001.jpg GRAPHIC begin 644 g294733bci001.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 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk Return [Abstract] rr_RiskReturnAbstract  
ProspectusDate rr_ProspectusDate Dec. 17, 2012
AllianzGI Multi-Asset Real Return Fund (First Prospectus Summary) | AllianzGI Multi-Asset Real Return Fund
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading AllianzGI Multi-Asset Real Return Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Fund seeks long-term capital appreciation emphasizing inflation-adjusted returns.
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.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (fees paid directly from your investment): None
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 above, can adversely affect the Fund's investment
performance.
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Estimated Other Expenses are based on $5 million of invested assets and include organizational and offering expenses for the Fund's initial fiscal year ending November 30, 2013.
Expense Example [Heading] rr_ExpenseExampleHeading Examples.
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock 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.
Strategy [Heading] rr_StrategyHeading Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund's objective is long-term capital appreciation emphasizing
inflation-adjusted returns. In seeking to achieve this objective,  
the Fund focuses on asset classes that are highly correlated to    
inflation. The portfolio managers believe that the following       
selected asset classes can provide attractive returns in inflationary
environments.                                         
  
•  Commodities investments can track inflation because commodity   
prices drive input costs, which in turn influence Consumer Price   
Index (CPI) changes.                                               
  
•  Real Estate Investment Trusts (REITs) can provide a link to     
inflation if property owners are able to raise rents to offset     
rising input costs.                                                
  
•  Global resource equities are linked to inflation because        
resource-related businesses typically provide productivity-enhancing
inputs and generally are able to benefit from rising raw material
prices and by including any cost increases associated with inflation
to the final costs charged to customers.
  
•  Treasury Inflation Protected Securities (TIPS) are debt         
securities with notional amounts that are directly linked to the   
development of CPI measures. As such, TIPS can be used directly to
hedge against inflation.                                           
  
The portfolio managers believe that they can enhance the Fund's    
ability to meet its objective by building a diversified portfolio  
with multiple asset classes that have different risk and return    
profiles but are highly correlated to inflation. The Fund mainly   
invests in active or passive mutual funds, exchange traded funds   
(ETFs), stocks, fixed income securities, and derivatives. The Fund
at inception will gain exposure to the desired asset classes
partially through acquired funds. As the Fund grows in size, it
will seek to achieve economies of scale by investing to an
increasing degree directly in individual securities and other      
instruments. The managers may also allocate a portion of the       
portfolio to emerging market equities and emerging market fixed    
income securities, and such allocation would be separate from the  
Fund's exposure to the current primary asset classes associated    
with inflation (i.e., TIPS, REITs, commodities and global resource
equities).                                                         
  
The portfolio managers apply an active asset allocation approach   
based on their assessments of market cycles, economic cycles, and  
asset class valuations to enhance the risk and return profile of   
the Fund. As a consequence of the manager's asset allocation       
shifts, the Fund may have a high portfolio turnover rate, which may
exceed of 100% per annum.                                          
  
The Fund may invest using a "fund of funds" structure, which is a  
term used to describe mutual funds that pursue their investment    
objective by investing largely or entirely in other funds. The Fund
may invest up to 10% of its assets in unaffiliated investment      
companies. The Fund may invest in issuers of any capitalization and
may participate in initial public offerings (IPOs). The Fund may   
invest significantly in short-term inflation-linked bonds, emerging
market equities, and U.S. government bonds. The Fund may also      
invest in fixed income securities of any duration as well as high  
yield or junk bonds. In order to gain exposure to desired asset    
classes or securities, or for hedging or other investment purposes,
the Fund may also utilize foreign currency exchange contracts,     
options, futures contracts (including stock index and other types  
of futures), warrants and other derivative instruments.
Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock 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, risks and performance specific to
the Underlying Funds, Other Acquired Funds, 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, Allocation Risk, Underlying Fund and Other Acquired
Fund Risks, 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).Fixed
income (debt) securities, particularly high-yield or junk bonds, 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, High Yield Risk, Interest Rate 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: REIT and Real Estate-Linked Derivatives Risk (adverse
changes in the real estate markets may affect the value of REIT
investments or real estate-linked derivatives); Commodity Risk
(commodity-linked derivative instruments may increase volatility);
Liquidity Risk (the lack of an active market for investments may
cause delay in disposition or force a sale below fair value);
Derivatives Risk (derivative instruments are complex, have different
characteristics than their underlying assets and are subject to
additional risks, including leverage, liquidity and valuation); Index
Risk (investments in index-linked derivatives are subject to the
risks associated with the applicable index); IPO Risk (securities
purchased in initial public offerings have no trading history,
limited issuer information and increased volatility); 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.
Risk Lose Money [Text] rr_RiskLoseMoney It is possible to lose money on an investment in the Fund.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution 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.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance Information
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock Performance information for the Fund will be available after the Fund
completes a full calendar year of operation.
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess Performance information for the Fund will be available after the Fund completes a full calendar year of operation.
AllianzGI Multi-Asset Real Return Fund (First Prospectus Summary) | AllianzGI Multi-Asset Real Return Fund | Institutional Class
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Estimated Other Expenses rr_OtherExpensesOverAssets 6.13% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.40%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 7.28%
Expense Reductions rr_FeeWaiverOrReimbursementOverAssets (6.28%) [2]
Total Annual Fund Operating Expenses After Expense Reductions rr_NetExpensesOverAssets 1.00% [2]
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2013-12-31
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 102
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 985
AllianzGI Multi-Asset Real Return Fund (First Prospectus Summary) | AllianzGI Multi-Asset Real Return Fund | Class P
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Estimated Other Expenses rr_OtherExpensesOverAssets 6.23% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.40%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 7.38%
Expense Reductions rr_FeeWaiverOrReimbursementOverAssets (6.28%) [2]
Total Annual Fund Operating Expenses After Expense Reductions rr_NetExpensesOverAssets 1.10% [2]
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2013-12-31
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 112
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,014
AllianzGI Multi-Asset Real Return Fund (First Prospectus Summary) | AllianzGI Multi-Asset Real Return Fund | Class D
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Estimated Other Expenses rr_OtherExpensesOverAssets 6.13% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.40%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 7.53%
Expense Reductions rr_FeeWaiverOrReimbursementOverAssets (6.28%) [2]
Total Annual Fund Operating Expenses After Expense Reductions rr_NetExpensesOverAssets 1.25% [2]
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2013-12-31
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 127
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,058
[1] Estimated Other Expenses are based on $5 million of invested assets and include organizational and offering expenses for the Fund's initial fiscal year ending November 30, 2013.
[2] Total Annual Fund Operating Expenses After Expense Reductions reflect the effect of a contractual agreement by the Manager to waive, through December 31, 2013, its management fee and/or reimburse the Fund to the extent that Total Annual Fund Operating Expenses, including payment of organizational expenses but excluding interest, taxes, extraordinary expenses, acquired fund expenses, and certain credits and other expenses, exceed 0.85% for Class D, 0.70% for Class P and 0.60% for Institutional Class shares. Under the Expense Limitation Agreement, the Manager may recoup waived or reimbursed amounts until November 30, 2017, provided total expenses, including such recoupment, do not exceed the annual expenses limit.
EXCEL 12 Financial_Report.xls IDEA: XBRL DOCUMENT begin 644 Financial_Report.xls M[[N_34E-12U697)S:6]N.B`Q+C`-"E@M1&]C=6UE;G0M5'EP93H@5V]R:V)O M;VL-"D-O;G1E;G0M5'EP93H@;75L=&EP87)T+W)E;&%T960[(&)O=6YD87)Y M/2(M+2TM/5].97AT4&%R=%\R-S(R8S0R8E\X930X7S1B-F-?.6$Q,U\S9#'!L;W)E&UL;G,Z=CTS1")U&UL;G,Z;STS1")U&UL/@T*(#QX.D5X8V5L5V]R:V)O;VL^#0H@(#QX M.D5X8V5L5V]R:W-H965T5]);F9O#I%>&-E;%=O#I%>&-E;%=O#I% M>&-E;%=O#I.86UE/E)I5]!;&QI86YZ1TE?33PO>#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/E)ICPO>#I.86UE M/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/E)I5]!;&QI86YZ1TE?1#$\+W@Z3F%M93X-"B`@("`\>#I7;W)K#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/E)IC(\+W@Z3F%M93X-"B`@("`\>#I7;W)K#I3='EL97-H965T M($A2968],T0B5V]R:W-H965T3X-"CPO:'1M M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\R-S(R8S0R8E\X930X7S1B-F-?.6$Q M,U\S9#'0O:'1M;#L@8VAA M5)E9VES=')A;G1.86UE/"]T9#X- M"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#Y!;&QI86YZ($9U;F1S($UU;'1I M+5-T3PO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^1&5C(#$T+`T*"0DR,#$R/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$D=)($1Y;F%M:6,@16UE'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@ M("`@/'1R(&-L87-S/3-$D=)($1Y;F%M:6,@16UE6YA;6EC($5M97)G:6YG($UU;'1I+4%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$ M6UB;VP\ M+W1D/@T*("`@("`@("`\=&0@8VQA'0^04194%@\6YA;6EC($5M97)G:6YG($UU;'1I+4%S2D@?"!!;&QI86YZ1TD@1'EN86UI8R!%;65R M9VEN9R!-=6QT:2U!6UB;VP\+W1D/@T*("`@("`@("`\=&0@8VQA6UB;VP\+W1D M/@T*("`@("`@("`\=&0@8VQA6UB;VP\+W1D/@T*("`@("`@("`\=&0@8VQA6UB;VP\+W1D/@T*("`@("`@("`\=&0@8VQA6YA;6EC($5M97)G:6YG($UU;'1I+4%S'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$6UB;VP\+W1D/@T*("`@("`@ M("`\=&0@8VQA'0^041905@\6YA;6EC M($5M97)G:6YG($UU;'1I+4%SD=)($1Y;F%M:6,@16UE'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$D=)($UU;'1I+4%SD=)($UU;'1I+4%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T* M("`@("`@/'1R(&-L87-S/3-$6UB;VP\+W1D/@T*("`@("`@("`\=&0@8VQA'0^04Q205@\6UB;VP\+W1D/@T*("`@("`@("`\ M=&0@8VQA3X-"CPO:'1M;#X-"@T* M+2TM+2TM/5].97AT4&%R=%\R-S(R8S0R8E\X930X7S1B-F-?.6$Q,U\S9#'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C M:&%RD=)($1Y;F%M:6,@16UE6YA;6EC($5M97)G:6YG($UU;'1I+4%S'!E;G-E'!E;G-E'0^4VAA M6]U'!E;G-E65A6YA;6EC($5M M97)G:6YG($UU;'1I+4%S'!E;G-E'!E;G-E'!E;G-E M(%)E9'5C=&EO;G,@6UE;G0@;V8@;W)G86YI>F%T:6]N86P@97AP96YS97,@ M8G5T(&5X8VQU9&EN9R!I;G1E'!E M;G-E'!E;G-E2`@("`@("`@("`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`\8G(@+SYA;F0@;6%Y('!A2!A;'-O('5T:6QI>F4@;W!T M:6]N2!S;6%L;&5R(#QB2!396-U2!2:7-K M*2Y&:7AE9"!I;F-O;64@*&1E8G0I(#QB2!H:6=H+7EI96QD(&]R(&IU;FL@8F]N9',L(&%R92!S=6)J96-T M('1O(&=R96%T97(@/&)R("\^;&5V96QS(&]F(&-R961I="!A;F0@;&EQ=6ED M:71Y(')I2!B92!S<&5C=6QA=&EV92!A;F0@;6%Y(&1E8VQI;F4@ M/&)R("\^:6X@=F%L=64@9'5E('1O(&-H86YG97,@:6X@:6YT97)E2`\8G(@+SYA;'-O(&9L=6-T M=6%T92!W:71H(&-U&5S(&%N9"!M87D@;&]W97(@:6YV97-T;65N="!P97)F;W)M86YC92D[ M(&%N9"`\8G(@+SY$97)I=F%T:79E2!P2!O;B!A;B`\8G(@+SYI;G9E M2!O=&AE2X\+W1T/CQS<&%N/CPO'0^/'1T/E!E3X-"CPO:'1M;#X-"@T*+2TM M+2TM/5].97AT4&%R=%\R-S(R8S0R8E\X930X7S1B-F-?.6$Q,U\S9#'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R M'0^1&5C(#$W+`T*"0DR,#$R/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%SD=)($1Y M;F%M:6,@16UE'0^26YV97-T;65N="!/8FIE8W1I M=F4\2!;5&5X="!";&]C:UT\+W1D/@T*("`@("`@("`\=&0@8VQA'!E;G-E(%M(96%D:6YG73PO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'!E;G-E'0@0FQO8VM=/"]T9#X-"B`@("`@("`@/'1D(&-L M87-S/3-$=&@^'1";&]C:SPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'0^/'1T/E1H92!T86)L97,@8F5L;W<@ M9&5S8W)I8F4@=&AE(&9E97,@86YD(&5X<&5N6]U(&UA>2!P M87D@:68@>6]U(&)U>2`\8G(@+SYA;F0@:&]L9"!S:&%R97,@;V8@=&AE($9U M;F0N/"]T=#X\'!E;G-E'!E;G-E M65A'1";&]C:SPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'1T/E1H92!&=6YD('!A>7,@=')A;G-A8W1I;VX@8V]S=',L('-U8V@@87,@ M8V]M;6ES&%M<&QE2!A9F9E8W0@=&AE($9U;F0G M'0^17-T:6UA M=&5D($]T:&5R($5X<&5N'!E;G-E&%M<&QE(%M( M96%D:6YG73PO=&0^#0H@("`@("`@(#QT9"!C;&%S&%M<&QE2&5A9&EN9SPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^17AA;7!L97,N/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'!E;G-E($5X86UP;&4@3F%R&%M<&QE3F%R6]U M'!E;G-E2!B M92!H:6=H97(@;W(@;&]W97(L('1H92!%>&%M<&QE6]U M'!E;G-E2!H879E(&5C;VYO;6EE'!O"P@=&AE($I0(#QB"P@86YD('1H92!-4T-)($9R;VYT:65R($UA M"D@87,@=V5L;"!A"!O M9B!A2!B96QI979E(&]F9F5R(&5F9FEC:65N="!E M>'!O&5D(&EN8V]M M92!S96-U7IE(&UA6-L97,L M(&5C;VYO;6EC(&-Y8VQE2!L96%D/&)R("\^=&\@9'EN86UI M8R!S:&EF=',@:6X@=&AE($9U;F0G'!O'!O7-I2!T M:&4@1G5N9"!A;F0@=&AE(&%S2!S=6-H(&QO&-E2!C87!I=&%L:7IA=&EO;B`\8G(@+SYA;F0@;6%Y('!A2!A;'-O('5T:6QI M>F4@;W!T:6]N'0@0FQO8VM=/"]T9#X-"B`@("`@("`@/'1D(&-L87-S M/3-$=&@^'1";&]C:SPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'1T/E1H92!&=6YD)W,@;F5T(&%S3H@=&AE(&%L;&]C871I;VX@9&5T97)M:6YA=&EO;G,L(&EN=F5S M=&UE;G0@9&5C:7-I;VYS(&%N9"!T96-H;FEQ=65S(#QB2!S96-U2!R96%C="!M;W)E M(#QB2!R:7-K(#QB2!R:7-K+"!M87D@8F4@2!D96-L:6YE(#QB2=S(#QB2!B92!M;W)E('9O;&%T:6QE+"`\8G(@+SYS;6%L M;&5R+"!L97-S+6QI<75I9"P@;&5S2UL:6YK960@9&5R:79A=&EV92!I;G-T2D[($-R961I="!2:7-K("AA;B!I M2!D969A=6QT(&]N(#QB2P@;&EM:71E9"!I"P@:&%V M92!D:69F97)E;G0@/&)R("\^8VAA6EN9R!A2!T:&4@1F5D97)A;"!$97!O2!; M5&5X=%T\+W1D/@T*("`@("`@("`\=&0@8VQA2!T:&4@1F5D97)A;"!$97!O2X\'0^4&5R9F]R;6%N8V4@26YF;W)M M871I;VX\'1";&]C:SPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'1T/E!E'0^ M4&5R9F]R;6%N8V4@:6YF;W)M871I;VX@9F]R('1H92!&=6YD('=I;&P@8F4@ M879A:6QA8FQE(&%F=&5R('1H92!&=6YD(&-O;7!L971E65A'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'!E;G-E'!E;G-E'!E;G-E17AA;7!L95EE87(P,3PO=&0^#0H@("`@("`@(#QT M9"!C;&%S&%M<&QE+"!W:71H(%)E9&5M<'1I;VXL(#,@665A M'!E;G-E17AA M;7!L95EE87(P,SPO=&0^#0H@("`@("`@(#QT9"!C;&%SD=)($1Y;F%M:6,@16UE'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'!E;G-E'!E M;G-E'!E;G-E17AA;7!L95EE87(P,3PO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'!E;G-E($5X86UP;&4L('=I=&@@4F5D96UP=&EO M;BP@,R!996%R&%M<&QE665AD=)($1Y;F%M:6,@16UE6YA;6EC($5M M97)G:6YG($UU;'1I+4%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'!E;G-E'!E;G-E'!E;G-E'!E;G-E(%)E9'5C=&EO;G,\+W1D M/@T*("`@("`@("`\=&0@8VQA'!E;G-E($5X86UP;&4L('=I=&@@ M4F5D96UP=&EO;BP@,2!996%R/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$ M=&@^&%M<&QE+"!W:71H(%)E9&5M<'1I;VXL(#,@665A'!E;G-E17AA;7!L M95EE87(P,SPO=&0^#0H@("`@("`@(#QT9"!C;&%S65A'!E;G-E2!E>'!E;G-E M&-E960@=&AE(&%N;G5A;"!E>'!E;G-E7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S M+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE M<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA M'0^06QL:6%N>D=)($UU;'1I+4%S M2D@?"!!;&QI86YZ1TD@375L=&DM07-S970@4F5A;"!2971U'0^26YV97-T;65N="!/8FIE8W1I=F4\'0^1F5E2!I9B!Y;W4@8G5Y(#QB2!F6]U('!A>2!E86-H('EE M87(@87,@82!P97)C96YT86=E(&]F('1H92!V86QU92!O9B!Y;W5R(&EN=F5S M=&UE;G0I/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@ M/'1R(&-L87-S/3-$'!E;G-E'!E;G-E'!E;G-E(%)E9'5C M=&EO;G,\8G(^/"]T:#X-"B`@("`@("`@("`@(#PO='(^#0H@("`@("`@("`@ M("`\='(@8VQA65A'!E;G-E2!E>'!E;G-E'!E;G-E&%M<&QE6]U M'!E;G-E2!B M92!H:6=H97(@;W(@;&]W97(L('1H92!%>&%M<&QE6]U M'!E;G-ED=)($UU;'1I+4%S'!E;G-E($5X86UP;&4L('=I=&@@4F5D96UP=&EO;BP@,2!9 M96%R/&)R/CPO=&@^#0H@("`@("`@("`@("`@(#QT:"!C;&%S6]U(&EF('EO=7(@1G5N9"!S:&%R97,@87)E(&AE;&0@:6X@82!T87AA8FQE M(&%C8V]U;G0N(%1H97-E(#QB2!C;W)R96QA=&5D('1O)B-X03`[)B-X03`[)B-X03`[)B-X03`[ M/&)R("\^:6YF;&%T:6]N+B!4:&4@<&]R=&9O;&EO(&UA;F%G97)S(&)E;&EE M=F4@=&AA="!T:&4@9F]L;&]W:6YG)B-X03`[)B-X03`[)B-X03`[)B-X03`[ M)B-X03`[)B-X03`[)B-X03`[/&)R("\^$$P.R8C>$$P.T-O M;6UO9&ET:65S(&EN=F5S=&UE;G1S(&-A;B!T$$P.R8C>$$P.U)E86P@17-T871E($EN=F5S=&UE;G0@ M5')U$$P.R8C M>$$P.R8C>$$P.R8C>$$P.R8C>$$P.R8C>$$P.R8C>$$P.R8C>$$P.SQB7!I8V%L;'D@<')O=FED M92!P2!C;W-T M(&EN8W)E87-E2!);F9L871I;VX@4')O=&5C=&5D(%-E8W5R:71I97,@*%1)4%,I(&%R92!D M96)T)B-X03`[)B-X03`[)B-X03`[)B-X03`[)B-X03`[)B-X03`[)B-X03`[ M)B-X03`[)B-X03`[/&)R("\^$$P.R8C M>$$P.R8C>$$P.SQB2!T;R`\8G(@+SYH M961G92!A9V%I;G-T(&EN9FQA=&EO;BXF(WA!,#LF(WA!,#LF(WA!,#LF(WA! M,#LF(WA!,#LF(WA!,#LF(WA!,#LF(WA!,#LF(WA!,#LF(WA!,#LF(WA!,#LF M(WA!,#LF(WA!,#LF(WA!,#LF(WA!,#LF(WA!,#LF(WA!,#LF(WA!,#LF(WA! M,#LF(WA!,#LF(WA!,#LF(WA!,#LF(WA!,#LF(WA!,#LF(WA!,#LF(WA!,#LF M(WA!,#LF(WA!,#LF(WA!,#LF(WA!,#LF(WA!,#LF(WA!,#LF(WA!,#LF(WA! M,#LF(WA!,#LF(WA!,#LF(WA!,#LF(WA!,#LF(WA!,#LF(WA!,#LF(WA!,#LF M(WA!,#LF(WA!,#L\8G(@+SXF(WA!,#LF(WA!,#L\8G(@+SY4:&4@<&]R=&9O M;&EO(&UA;F%G97)S(&)E;&EE=F4@=&AA="!T:&5Y(&-A;B!E;FAA;F-E('1H M92!&=6YD)W,F(WA!,#LF(WA!,#LF(WA!,#LF(WA!,#L\8G(@+SYA8FEL:71Y M('1O(&UE970@:71S(&]B:F5C=&EV92!B>2!B=6EL9&EN9R!A(&1I=F5R$$P.R8C>$$P.SQB&5D(&EN8V]M92!S96-U2!T M:')O=6=H(&%C<75I2!I;G9E2!I;B!I;F1I=FED=6%L('-E8W5R:71I97,@86YD(&]T M:&5R)B-X03`[)B-X03`[)B-X03`[)B-X03`[)B-X03`[)B-X03`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`[)B-X03`[)B-X03`[)B-X03`[)B-X03`[)B-X03`[ M/&)R("\^:6YV97-T(&EN(&9I>&5D(&EN8V]M92!S96-U2!D=7)A=&EO;B!A7!E$$P.R8C>$$P.SQB6EE;&0@86YD('1O=&%L M(')E='5R;B!W:6QL(&)E(&%F9F5C=&5D/&)R("\^8GDZ('1H92!A;&QO8V%T M:6]N(&1E=&5R;6EN871I;VYS+"!I;G9E6EN9R!&=6YD6EN9R!&=6YD(&%N9"!/=&AE2!T;R!C M:&%N9V5S(&EN(&%N(&ES2!S M;6%L;&5R(&-O;7!A;FEE2!3 M96-U2!2:7-K*2Y&:7AE9"`\ M8G(@+SYI;F-O;64@*&1E8G0I('-E8W5R:71I97,L('!A2!H M:6=H+7EI96QD(&]R(&IU;FL@8F]N9',L(&%R92`\8G(@+SYS=6)J96-T('1O M(&=R96%T97(@;&5V96QS(&]F(&-R961I="!A;F0@;&EQ=6ED:71Y(')I2!B92`\8G(@+SYS<&5C=6QA=&EV92!A;F0@;6%Y(&1E8VQI;F4@:6X@ M=F%L=64@9'5E('1O(&-H86YG97,@:6X@:6YT97)E2!A;'-O(&9L=6-T=6%T M92!W:71H(&-U2!A9F9E8W0@=&AE('9A;'5E(&]F(%)%250@/&)R("\^ M:6YV97-T;65N=',@;W(@2UL:6YK960@9&5R M:79A=&EV92!I;G-T2D[ M(#QB2!2:7-K("AT:&4@;&%C:R!O9B!A;B!A8W1I=F4@ M;6%R:V5T(&9O2D[ M(&%N9"!4=7)N;W9E2!T:&4\8G(@+SY& M961E2!O M=&AE'0^4&5R9F]R;6%N8V4@26YF;W)M871I M;VX\65A'0O M:F%V87-C3X-"B`@("`\ M=&%B;&4@8VQA'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%SD=)($UU;'1I+4%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^06QL:6%N>D=) M($UU;'1I+4%S'!E;G-E($YA'!E;G-E3F%R2!I9B!Y M;W4@8G5Y(#QB2!F'!E;G-E'0^06YN=6%L($9U;F0@3W!E'!E M;G-E6]U'0^ M4&]R=&9O;&EO(%1U6]U(&EF('EO=7(@1G5N9"!S:&%R97,@87)E M(&AE;&0@:6X@82!T87AA8FQE(&%C8V]U;G0N(%1H97-E(#QB'1=/"]T9#X-"B`@("`@("`@/'1D(&-L87-S M/3-$=&@^'!E;G-EF%T:6]N86P@86YD(&]F M9F5R:6YG(&5X<&5N65A'!E;G-E($5X86UP;&4@6TAE861I;F== M/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&@^&%M M<&QE'0@0FQO8VM=/"]T9#X-"B`@("`@("`@ M/'1D(&-L87-S/3-$=&@^6]U(&-O;7!A6]U(&EN M=F5S="`D,3`L,#`P(&EN('1H92!N;W1E9"!C;&%S65A6]U'!E;G-E'!E;G-E(%)E9'5C=&EO;G,@86YD+"!F;W(\8G(@+SYA;&P@;W1H M97(@<&5R:6]D4AE861I;F<\+W1D/@T*("`@("`@("`\=&0@8VQA'0^/'1T/E1H92!&=6YD)W,@;V)J96-T:79E(&ES(&QO;FFEN9R`\8G(@+SYI M;F9L871I;VXM861J=7-T960@$$P.R8C>$$P.SQB$$P.R8C>$$P.R8C>$$P.R8C>$$P.SQB$$P.R8C>$$P.R8C>$$P.R8C>$$P.R8C>$$P.R8C>$$P M.R8C>$$P.SQB2`\8G(@+SYE M;G9I$$P.R8C>$$P.R8C>$$P.SQB$$P.R8C>$$P.R8C>$$P.R8C M>$$P.R8C>$$P.SQB2!O=VYE$$P.R8C>$$P.R8C>$$P.R8C>$$P.R8C>$$P.R8C>$$P.R8C>$$P.R8C>$$P M.R8C>$$P.R8C>$$P.R8C>$$P.R8C>$$P.R8C>$$P.R8C>$$P.R8C>$$P.R8C M>$$P.R8C>$$P.R8C>$$P.R8C>$$P.R8C>$$P.R8C>$$P.R8C>$$P.R8C>$$P M.R8C>$$P.R8C>$$P.R8C>$$P.R8C>$$P.R8C>$$P.R8C>$$P.R8C>$$P.R8C M>$$P.R8C>$$P.R8C>$$P.R8C>$$P.R8C>$$P.R8C>$$P.R8C>$$P.R8C>$$P M.R8C>$$P.R8C>$$P.R8C>$$P.R8C>$$P.R8C>$$P.R8C>$$P.R8C>$$P.R8C M>$$P.R8C>$$P.R8C>$$P.SQB$$P.R8C>$$P.SQB#(P M,C([)B-X03`[)B-X03`[1VQO8F%L(')E2!C86X@96YH86YC92!T:&4@1G5N9"=S)B-X M03`[)B-X03`[)B-X03`[)B-X03`[/&)R("\^86)I;&ET>2!T;R!M965T(&ET M2!C;W)R96QA=&5D('1O(&EN9FQA=&EO;BX@5&AE($9U;F0@;6%I;FQY)B-X M03`[)B-X03`[)B-X03`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`@("`@("`@/'1D(&-L87-S/3-$=&@^'1";&]C:SPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'1T/E1H92!&=6YD)W,@;F5T(&%S3H@=&AE(&%L M;&]C871I;VX@9&5T97)M:6YA=&EO;G,L(&EN=F5S=&UE;G0@9&5C:7-I;VYS M(&%N9"!T96-H;FEQ=65S(#QB2!S96-U2!R96%C="`\8G(@+SYM;W)E('-T2!B92!M;W)E('9O;&%T:6QE(&%N M9"!P&5D(#QB&5D($EN8V]M92!2:7-K+"!( M:6=H(%EI96QD(%)I2!I;B!E;65R9VEN9R!M87)K971S+"!A;F0@ M;F]N+54N4RX@2!2:7-K*2X@3W1H97(@<')I;F-I<&%L(')I2!I;F-R96%S92!V;VQA=&EL M:71Y*3L@/&)R("\^3&EQ=6ED:71Y(%)I2`\8G(@+SYC875S92!D M96QA>2!I;B!D:7-P;W-I=&EO;B!O2!A;F0@=F%L=6%T:6]N*3L@ M26YD97@@/&)R("\^4FES:R`H:6YV97-T;65N=',@:6X@:6YD97@M;&EN:V5D M(&1E&5S(&%N9"!M87D@;&]W97(@:6YV97-T;65N="!P97)F M;W)M86YC92DN(%!L96%S92!S964@(E-U;6UA2!P2!O;B!A;B!I;G9E2!;5&5X M=%T\+W1D/@T*("`@("`@("`\=&0@8VQA2!T:&4@1F5D97)A;"!$97!O2X\'0^4&5R9F]R;6%N8V4@26YF;W)M871I M;VX\'1";&]C:SPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'1T/E!E'0^4&5R M9F]R;6%N8V4@:6YF;W)M871I;VX@9F]R('1H92!&=6YD('=I;&P@8F4@879A M:6QA8FQE(&%F=&5R('1H92!&=6YD(&-O;7!L971E65A'!E;G-E'!E;G-E'!E;G-E(%)E9'5C=&EO;G,\+W1D/@T*("`@("`@("`\=&0@8VQA'!E;G-E'0^,C`Q,RTQ,BTS,3QS<&%N/CPO&%M<&QE+"!W:71H(%)E9&5M<'1I;VXL M(#$@665A&%M<&QE665A'!E;G-E M($5X86UP;&4L('=I=&@@4F5D96UP=&EO;BP@,R!996%R&%M<&QE665AD=)($UU;'1I+4%S'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'!E;G-E'!E;G-E M'!E;G-E'!E;G-E(%)E9'5C=&EO;G,\+W1D/@T*("`@("`@("`\ M=&0@8VQA'!E;G-E($5X86UP;&4L('=I=&@@4F5D96UP=&EO;BP@ M,2!996%R/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&@^&%M<&QE+"!W:71H(%)E9&5M<'1I;VXL(#,@665A'!E;G-E17AA;7!L95EE87(P,SPO=&0^ M#0H@("`@("`@(#QT9"!C;&%SD=)($UU;'1I+4%S'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'!E;G-E'!E;G-E'!E;G-E M'!E;G-E(%)E M9'5C=&EO;G,\+W1D/@T*("`@("`@("`\=&0@8VQA'!E;G-E($5X M86UP;&4L('=I=&@@4F5D96UP=&EO;BP@,2!996%R/"]T9#X-"B`@("`@("`@ M/'1D(&-L87-S/3-$=&@^&%M<&QE+"!W:71H(%)E9&5M<'1I M;VXL(#,@665A'!E;G-E17AA;7!L95EE87(P,SPO=&0^#0H@("`@("`@(#QT9"!C;&%S65A'!E M;G-E2!E>'!E;G-E'!E M;G-E'0O:F%V M87-C3X-"B`@("`\=&%B M;&4@8VQA6YA;6EC($5M97)G:6YG($UU;'1I+4%SD=)($1Y;F%M:6,@16UE6YA;6EC($5M97)G:6YG($UU;'1I+4%S M'!E;G-E2!I9CQB2!O9B!M=71U86P@ M9G5N9',@2!P6]U2!F&EM M=6T@4V%L97,@0VAA6]U('!A>2!E86-H M('EE87(@87,@82!P97)C96YT86=E(&]F('1H92!V86QU92!O9B!Y;W5R(&EN M=F5S=&UE;G0I/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@ M("`@/'1R(&-L87-S/3-$'!E;G-E'!E;G-E'!E;G-E(%)E9'5C=&EO;G,\8G(^/"]T:#X- M"B`@("`@("`@("`@("`@/'1H(&-L87-S/3-$=&@@8V]L65A'!E;G-E2!E M>'!E;G-E'!E;G-E'!E;G-E($QI;6ET871I;VX@($%G'!E;G-E'0^17AA;7!L97,N/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$ M'0^/'1T/E1H92!%>&%M<&QE M&%M<&QE