0001104659-13-055544.txt : 20130722 0001104659-13-055544.hdr.sgml : 20130722 20130722112803 ACCESSION NUMBER: 0001104659-13-055544 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 8 FILED AS OF DATE: 20130722 DATE AS OF CHANGE: 20130722 EFFECTIVENESS DATE: 20130722 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: 13978622 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: 13978623 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 S000041387 AllianzGI Global Fundamental Strategy C000128368 Class A C000128369 Class C C000128370 Institutional Class C000128371 Class P C000128372 Class D 485BPOS 1 a13-15962_3485bpos.htm 485BPOS

 

As Filed with the Securities and Exchange Commission on July 22, 2013

 

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. 52

x

 

REGISTRATION STATEMENT Under THE INVESTMENT COMPANY ACT OF 1940

x

 

Amendment No. 54

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. 52 to the Trust’s Registration Statement on Form N-1A hereby incorporates Parts A, B and C from the Trust’s PEA No. 51 on Form N-1A filed June 28, 2013.  This PEA No. 52 is filed for the sole purpose of submitting the XBRL exhibit for the risk/return summary first provided in PEA No. 51 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. 51 (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 22nd  day of  July, 2013.

 

 

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

 

July 22, 2013

Brian S. Shlissel

 

 

 

 

 

 

 

 

 

Lawrence G. Altadonna*

 

Treasurer and Principal Financial and Accounting Officer

 

 

Lawrence G. Altadonna

 

 

 

 

 

 

 

 

 

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: July 22, 2013

 



 

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

 

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Total Annual Fund Operating Expenses After Expense Reductions reflect the effect of a contractual agreement by the Manager to waive its management fee and/or reimburse the Fund through November 30, 2014 to the extent that Total Annual Fund Operating Expenses, excluding interest, tax, and extraordinary expenses, acquired fund expenses and certain credits and other expenses, exceed 1.00% for Institutional Class shares, 1.10% for Class P shares and 1.25% for Class D shares. Under the Expense Limitation Agreement, the Manager may recoup waived or reimbursed amounts for three years, provided total expenses, including such recoupment, do not exceed the annual expense 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 its management fee and/or reimburse the Fund through November 30, 2014 to the extent that Total Annual Fund Operating Expenses, excluding interest, tax, and extraordinary expenses, acquired fund expenses and certain credits and other expenses, exceed 1.25% for Class A shares and 2.00% for Class C shares. Under the Expense Limitation Agreement, the Manager may recoup waived or reimbursed amounts for three years, provided total expenses, including such recoupment, do not exceed the annual expense limit. Allianz Funds Multi-Strategy Trust 485BPOS false 0001423227 2013-07-01 2013-07-01 2013-07-01 2013-07-01 AllianzGI Global Fundamental Strategy Examples. <p>&#160;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&#8217;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. 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Equity securities may react more strongly to changes in an issuer&#8217;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 (<strong>Equity Securities Risk, Smaller Company Risk</strong>). 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 increases in interest rates or an issuer&#8217;s or counterparty&#8217;s deterioration or default (<strong>Fixed Income Risk, High Yield Risk, Interest Rate Risk</strong>). <font style="white-space: nowrap;">Non-U.S.</font> securities markets and issuers may be more volatile, smaller, less-liquid, less transparent and subject to less oversight, particularly in emerging markets, and <font style="white-space: nowrap;">non-U.S.</font> securities values may also fluctuate with currency exchange rates (<strong><font style="white-space: nowrap;">Non-U.S.</font> Investment Risk, Emerging Markets Risk, Currency Risk</strong>). Other principal risks include: <strong>Commodity Risk</strong> (commodity-linked derivative instruments may increase volatility); <strong>Credit Risk</strong> (an issuer or counterparty may default on obligations); <strong>Index Risk</strong> (investments in index-linked derivatives are subject to the risks associated with the applicable index); <strong>IPO Risk</strong> (securities purchased in initial public offerings have no trading history, limited issuer information and increased volatility); <strong>Leveraging Risk</strong> (instruments and transactions that constitute leverage magnify gains or losses and increase volatility); <strong>Liquidity Risk</strong> (the lack of an active market for investments may cause delay in disposition or force a sale below fair value); <strong>REIT and Real Estate-Related Investment Risk</strong> (adverse changes in the real estate markets may affect the value of REIT investments or real estate-linked derivatives); <strong>Short Selling Risk</strong> (short selling enhances leveraging risk, involves counterparty risk and may potentially involve the risk of unlimited loss); <strong>Turnover Risk</strong> (high levels of portfolio turnover increase transaction costs and taxes and may lower investment performance); <strong>Derivatives Risk</strong> (derivative instruments are complex, have different characteristics than their underlying assets and are subject to additional risks, including leverage, liquidity and valuation); and <strong>Tax Risk</strong> (income from commodity-linked investments may limit the Fund&#8217;s ability to qualify as a &#8220;regulated investment company&#8221; for U.S. federal income tax purposes). 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Shareholder Fees (fees paid directly from your investment): None Portfolio Turnover. <p>&#160;The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; 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&#160;Operating Expenses or in the Examples above, can adversely affect the Fund&#8217;s investment performance. </p> Principal Investment Strategies <p>&#160;The Fund seeks to achieve its investment objective by normally investing in a broad range of U.S. and <font style="white-space: nowrap;">non-U.S.</font> securities with a focus on equities, fixed income securities and related derivative instruments. The Fund will, under normal circumstances, invest at least 40% of its total assets in <font style="white-space: nowrap;">non-U.S.</font> securities, including emerging markets securities, and will allocate its investments among securities that are economically tied to issuers in at least three countries (one of which may be the United States). The Fund may have exposure to issuers in a broad range of market capitalizations, geographies and industries, as well as to fixed income and convertible instruments with a broad range of credit quality ratings and durations. It is expected that the Fund&#8217;s debt and convertible securities may include significant exposure to securities rated below investment grade or unrated securities deemed to be of equivalent quality by the portfolio managers (sometimes referred to as &#8220;high yield securities&#8221; or &#8220;junk bonds&#8221;). The Fund invests across the entire range of maturities of high yield securities. In order to gain exposure to desired asset classes or securities, or for hedging or other investment purposes, the Fund expects to utilize derivative instruments, such as foreign currency exchange contracts, options, stock index futures contracts, warrants, forwards, futures contracts and swap agreements. </p> <br/><p> &#160;&#160;&#160;&#160;&#160;&#160;&#160;The Fund may gain exposure to commodities through investments in acquired funds and or derivatives that reference individual commodities or commodity indices. In particular, the Fund expects to invest in swaps, futures, options on futures and/or options on commodities in order to gain commodities exposure. </p> <br/><p> &#160;&#160;&#160;&#160;&#160;&#160;&#160;The Fund may, at any time, invest in certain acquired funds and may invest up to 10% of its net assets in unaffiliated hedge funds, funds of hedge funds and acquired funds that are Undertakings for Collective Investment in Transferable Securities (&#8220;UCITS&#8221;). A portion of the Fund&#8217;s positions in acquired funds (but no more than 15% of the Fund&#8217;s net assets when taken together with any other illiquid assets held by the Fund) is expected to be illiquid (i.e., securities that the Fund would not be able to sell or dispose of in the ordinary course of business within seven calendar days). </p> <br/><p> &#160;&#160;&#160;&#160;&#160;&#160;&#160;The allocation of the Fund&#8217;s investments across asset classes will vary from time to time, based upon the portfolio managers&#8217; consideration of factors, including but not limited to, changes in equity prices, changes in interest rates and other economic and market factors. One or more asset classes may be more heavily weighted than others in the Fund&#8217;s portfolio at any time and from time to time, and sometimes to a substantial extent. </p> <br/><p> &#160;&#160;&#160;&#160;&#160;&#160;&#160;The investment decisions of the portfolio managers are based on a fundamental management approach. The portfolio generally consists of a core portion and an opportunistic portion which are managed as part of a single portfolio or strategy. The portion of the Fund&#8217;s assets that comprise the core portion serves as a foundation for the overall portfolio, as it seeks to generate stable returns over the market cycle. The opportunistic portion is designed to capture shorter term investment opportunities and could be considered as riskier relative to the core portion of the Fund. Typically, the opportunistic portion will target investments that can provide capital gains over a relatively short time horizon, and is expected exhibit higher turnover than the core portion. </p> <br/><p> &#160;&#160;&#160;&#160;&#160;&#160;&#160;The portfolio managers regularly monitor the risk and return profile of both the core and opportunistic portions of the portfolio. While the team generally has a longer time horizon for holdings in the core portion of the portfolio, the team will review a holding for sale if the underlying issuer&#8217;s fundamental characteristics no longer meet the investment team&#8217;s criteria. For holdings in the opportunistic portion of the portfolio, the team evaluates holdings for potential changes in their fundamental position and also monitors price movement relative to the applicable price target. Holdings at or near their price target would generally be liquidated in order to make room for new opportunistic investment ideas. </p> <br/><p> &#160;&#160;&#160;&#160;&#160;&#160;&#160;The allocation of the Fund&#8217;s capital between the core and opportunistic components will vary, reflecting market circumstances and the manager&#8217;s ability to locate suitable investments for the two components. </p> <br/><p> &#160;&#160;&#160;&#160;&#160;&#160;&#160;The opportunistic portion of the portfolio may include short positions in individual securities or options. The Fund will typically take such short positions where it does not own the security sold short or have the immediate right to acquire the security at no cost (i.e., the Fund will not typically sell short &#8220;against the box&#8221;). The Fund may incur certain expenses with respect to securities sold short, including short sale fees and substitute dividend expense. </p> <br/><p> &#160;&#160;&#160;&#160;&#160;&#160;&#160;The Fund may invest in issuers of any capitalization and may participate in initial public offerings (&#8220;IPOs&#8221;). The Fund may invest significantly in short-term inflation-linked bonds, emerging markets equities, and U.S. government bonds. </p> <br/><p> &#160;&#160;&#160;&#160;&#160;&#160;&#160;The Fund may also invest a portion of its assets in real estate investment trusts (REITs). </p> Performance Information <p>&#160;Performance information for the Fund will be available after the Fund completes a full calendar year of operation.&#160; </p> Performance information for the Fund will be available after the Fund completes a full calendar year of operation. AllianzGI Global Fundamental Strategy Examples. <p>&#160;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&#8217;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. 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Equity securities may react more strongly to changes in an issuer&#8217;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 (<strong>Equity Securities Risk, Smaller Company Risk</strong>). 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 increases in interest rates or an issuer&#8217;s or counterparty&#8217;s deterioration or default (<strong>Fixed Income Risk, High Yield Risk, Interest Rate Risk</strong>). <font style="white-space: nowrap;">Non-U.S.</font> securities markets and issuers may be more volatile, smaller, less-liquid, less transparent and subject to less oversight, particularly in emerging markets, and <font style="white-space: nowrap;">non-U.S.</font> securities values may also fluctuate with currency exchange rates (<strong><font style="white-space: nowrap;">Non-U.S.</font> Investment Risk, Emerging Markets Risk, Currency Risk</strong>). Other principal risks include: <strong>Commodity Risk</strong> (commodity-linked derivative instruments may increase volatility); <strong>Credit Risk</strong> (an issuer or counterparty may default on obligations); <strong>Index Risk</strong> (investments in index-linked derivatives are subject to the risks associated with the applicable index); <strong>IPO Risk</strong> (securities purchased in initial public offerings have no trading history, limited issuer information and increased volatility); <strong>Leveraging Risk</strong> (instruments and transactions that constitute leverage magnify gains or losses and increase volatility); <strong>Liquidity Risk</strong> (the lack of an active market for investments may cause delay in disposition or force a sale below fair value); <strong>REIT and Real Estate-Related Investment Risk</strong> (adverse changes in the real estate markets may affect the value of REIT investments or real estate-linked derivatives); <strong>Short Selling Risk</strong> (short selling enhances leveraging risk, involves counterparty risk and may potentially involve the risk of unlimited loss); <strong>Turnover Risk</strong> (high levels of portfolio turnover increase transaction costs and taxes and may lower investment performance); <strong>Derivatives Risk</strong> (derivative instruments are complex, have different characteristics than their underlying assets and are subject to additional risks, including leverage, liquidity and valuation); and <strong>Tax Risk</strong> (income from commodity-linked investments may limit the Fund&#8217;s ability to qualify as a &#8220;regulated investment company&#8221; for U.S. federal income tax purposes). Please see &#8220;Summary of Principal Risks&#8221; in the Fund&#8217;s statutory prospectus for a more detailed description of the Fund&#8217;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. </p> 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. Investment Objective <p> The Fund seeks to generate positive real absolute returns through a complete market cycle (rolling 3-year period) by investing in a broad range of global asset classes. </p> Fees and Expenses of the Fund <p> The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund. 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More information about these and other discounts is available in the &#8220;Classes of Shares&#8212;Class A and Class C Shares&#8221; section beginning on page&#160;20 of the Fund&#8217;s statutory prospectus or from your financial advisor.&#160;&#160;&#160; </p> 0.0550 0.0000 0.01 0.01 0.0075 0.0075 0.0025 0.0100 0.0187 0.0187 0.0287 0.0362 -0.0162 -0.0162 0.0125 0.0200 ~ http://allianzfunds.com/20130701/role/ScheduleShareholderFees20005 column dei_DocumentInformationDocumentAxis compact ck0001423227_doc_A_and_CMember column dei_LegalEntityAxis compact ck0001423227_S000041387Member row primary compact * ~ ~ http://allianzfunds.com/20130701/role/ScheduleAnnualFundOperatingExpenses20006 column dei_DocumentInformationDocumentAxis compact ck0001423227_doc_A_and_CMember column dei_LegalEntityAxis compact ck0001423227_S000041387Member row primary compact * ~ 2014-11-30 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. Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 50000 Other Expenses are based upon estimated amounts for the Fund's initial fiscal year ending November 30, 2013 and include organizational expenses. 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. Shareholder Fees (fees paid directly from your investment): None Portfolio Turnover. <p>&#160;The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; 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&#160;Operating Expenses or in the Examples above, can adversely affect the Fund&#8217;s investment performance. </p> Principal Investment Strategies <p>&#160;The Fund seeks to achieve its investment objective by normally investing in a broad range of U.S. and <font style="white-space: nowrap;">non-U.S.</font> securities with a focus on equities, fixed income securities and related derivative instruments. The Fund will, under normal circumstances, invest at least 40% of its total assets in <font style="white-space: nowrap;">non-U.S.</font> securities, including emerging markets securities, and will allocate its investments among securities that are economically tied to issuers in at least three countries (one of which may be the United States). The Fund may have exposure to issuers in a broad range of market capitalizations, geographies and industries, as well as to fixed income and convertible instruments with a broad range of credit quality ratings and durations. It is expected that the Fund&#8217;s debt and convertible securities may include significant exposure to securities rated below investment grade or unrated securities deemed to be of equivalent quality by the portfolio managers (sometimes referred to as &#8220;high yield securities&#8221; or &#8220;junk bonds&#8221;). The Fund invests across the entire range of maturities of high yield securities. In order to gain exposure to desired asset classes or securities, or for hedging or other investment purposes, the Fund expects to utilize derivative instruments, such as foreign currency exchange contracts, options, stock index futures contracts, warrants, forwards, futures contracts and swap agreements. </p> <br/><p> &#160;&#160;&#160;&#160;&#160;The Fund may gain exposure to commodities through investments in acquired funds and or derivatives that reference individual commodities or commodity indices. In particular, the Fund expects to invest in swaps, futures, options on futures and/or options on commodities in order to gain commodities exposure.&#160;&#160;&#160;The Fund may, at any time, invest in certain acquired funds and may invest up to 10% of its net assets in unaffiliated hedge funds, funds of hedge funds and acquired funds that are Undertakings for Collective Investment in Transferable Securities (&#8220;UCITS&#8221;). A portion of the Fund&#8217;s positions in acquired funds (but no more than 15% of the Fund&#8217;s net assets when taken together with any other illiquid assets held by the Fund) is expected to be illiquid (i.e., securities that the Fund would not be able to sell or dispose of in the ordinary course of business within seven calendar days). </p> <br/><p> &#160;&#160;&#160;The allocation of the Fund&#8217;s investments across asset classes will vary from time to time, based upon the portfolio managers&#8217; consideration of factors, including but not limited to, changes in equity prices, changes in interest rates and other economic and market factors. One or more asset classes may be more heavily weighted than others in the Fund&#8217;s portfolio at any time and from time to time, and sometimes to a substantial extent. </p> <br/><p> &#160;&#160;&#160;The investment decisions of the portfolio managers are based on a fundamental management approach. The portfolio generally consists of a core portion and an opportunistic portion which are managed as part of a single portfolio or strategy. The portion of the Fund&#8217;s assets that comprise the core portion serves as a foundation for the overall portfolio, as it seeks to generate stable returns over the market cycle. The opportunistic portion is designed to capture shorter term investment opportunities and could be considered as riskier relative to the core portion of the Fund. Typically, the opportunistic portion will target investments that can provide capital gains over a relatively short time horizon, and is expected exhibit higher turnover than the core portion. </p> <br/><p> &#160;&#160;&#160;The portfolio managers regularly monitor the risk and return profile of both the core and opportunistic portions of the portfolio. While the team generally has a longer time horizon for holdings in the core portion of the portfolio, the team will review a holding for sale if the underlying issuer&#8217;s fundamental characteristics no longer meet the investment team&#8217;s criteria. For holdings in the opportunistic portion of the portfolio, the team evaluates holdings for potential changes in their fundamental position and also monitors price movement relative to the applicable price target. Holdings at or near their price target would generally be liquidated in order to make room for new opportunistic investment ideas. </p> <br/><p> &#160;&#160;&#160;The allocation of the Fund&#8217;s capital between the core and opportunistic components will vary, reflecting market circumstances and the manager&#8217;s ability to locate suitable investments for the two components. </p> <br/><p> &#160;&#160;&#160;The opportunistic portion of the portfolio may include short positions in individual securities or options. The Fund will typically take such short positions where it does not own the security sold short or have the immediate right to acquire the security at no cost (i.e., the Fund will not typically sell short &#8220;against the box&#8221;). The Fund may incur certain expenses with respect to securities sold short, including short sale fees and substitute dividend expense. </p> <br/><p> &#160;&#160;&#160;The Fund may invest in issuers of any capitalization and may participate in initial public offerings (&#8220;IPOs&#8221;). The Fund may invest significantly in short-term inflation-linked bonds, emerging markets equities, and U.S. government bonds. </p> <br/><p> &#160;&#160;&#160;The Fund may also invest a portion of its assets in real estate investment trusts (REITs). </p> Performance Information <p>&#160;Performance information for the Fund will be available after the Fund completes a full calendar year of operation.&#160; </p> Performance information for the Fund will be available after the Fund completes a full calendar year of operation. 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Shareholder Fees (fees paid directly from your investment) Example This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then you redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return per year and that the Fund's operating expenses remained the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be You would pay the following expenses if you did not redeem your shares The Example does not reflect sales charges (loads) on reinvested dividends [and other distributions]. If these sales charges (loads) were included, your costs would be higher. Portfolio Turnover The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). 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A Fund may include in a footnote to the table, if applicable, a tabular presentation showing the amount of deferred sales charges (loads) over time or a narrative explanation of the sales charges (loads) (e.g., __% in the first year after purchase, declining to __% in the __ year and eliminated thereafter). A.3.instructions.2.a.ii If more than one type of sales charge (load) is imposed (e.g., a deferred sales charge (load) and a front-end sales charge (load)), the first caption in the table should read "Maximum Sales Charge (Load)" and show the maximum cumulative percentage. Show the percentage amounts and the terms of each sales charge (load) comprising that figure on separate lines below.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection table -Paragraph 1 -Subparagraph 1 false02falseRowprimaryElement*4false 4rr_MaximumDeferredSalesChargeOverOtherrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalselabelrr:NonNegativePure4TypepureMaximum Deferred Sales Charge (Load) (as a percentage of ____) "Maximum Deferred Sales Charge (Load)" includes the maximum total deferred sales charge (load) payable upon redemption, in installments, or both, expressed as a percentage of the amount or amounts stated in response to Item 7(a), except that, for a sales charge (load) based on net asset value at the time of purchase, show the sales charge (load) as a percentage of the offering price at the time of purchase. A Fund may include in a footnote to the table, if applicable, a tabular presentation showing the amount of deferred sales charges (loads) over time or a narrative explanation of the sales charges (loads) (e.g., __% in the first year after purchase, declining to __% in the __ year and eliminated thereafter). If more than one type of sales charge (load) is imposed (e.g., a deferred sales charge (load) and a front-end sales charge (load)), the first caption in the table should read "Maximum Sales Charge (Load)" and show the maximum cumulative percentage. Show the percentage amounts and the terms of each sales charge (load) comprising that figure on separate lines below.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection instructions -Paragraph 2 -Subparagraph a -Clause i false0 0rr_MaximumDeferredSalesChargeOverOtherrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalselabel[1]1truetruetrue0.010.01falsefalsefalse2truetruetrue0.010.01falsefalsefalserr:NonNegativePure4TypepureMaximum Deferred Sales Charge (Load) (as a percentage of ____) "Maximum Deferred Sales Charge (Load)" includes the maximum total deferred sales charge (load) payable upon redemption, in installments, or both, expressed as a percentage of the amount or amounts stated in response to Item 7(a), except that, for a sales charge (load) based on net asset value at the time of purchase, show the sales charge (load) as a percentage of the offering price at the time of purchase. A Fund may include in a footnote to the table, if applicable, a tabular presentation showing the amount of deferred sales charges (loads) over time or a narrative explanation of the sales charges (loads) (e.g., __% in the first year after purchase, declining to __% in the __ year and eliminated thereafter). If more than one type of sales charge (load) is imposed (e.g., a deferred sales charge (load) and a front-end sales charge (load)), the first caption in the table should read "Maximum Sales Charge (Load)" and show the maximum cumulative percentage. Show the percentage amounts and the terms of each sales charge (load) comprising that figure on separate lines below.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection instructions -Paragraph 2 -Subparagraph a -Clause i false01For 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.falseShareholder Fees A and C AllianzGI Global Fundamental StrategyUnKnownUnKnownUnKnownUnKnownfalsefalsefalseSheet222222011ColumnperiodPeriod*Columndei_DocumentInformationDocumentAxisAxisck0001423227_doc_A_and_CMemberColumndei_LegalEntityAxisAxisck0001423227_S000041387MemberColumnrr_ProspectusShareClassAxisAxis*ColumnunitUnit*RowprimaryElement*falsenonnum:textBlockItemTypenaContains a command for the SEC Viewer for the role corresponding to ShareholderFeesData.No definition available.false09false 4rr_OperatingExpensesCaptionrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)falsefalsefalsexbrli:stringItemTypestringAnnual Fund Operating Expenses (ongoing expenses that you pay each year as a percentage of the value of your investment)Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection table -Paragraph 1 -Subparagraph 7 false010false 4rr_AnnualFundOperatingExpensesTableTextBlockrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00~ http://allianzfunds.com/20130701/role/ScheduleAnnualFundOperatingExpenses20006 column dei_DocumentInformationDocumentAxis compact ck0001423227_doc_A_and_CMember column dei_LegalEntityAxis compact ck0001423227_S000041387Member row primary compact * ~falsefalse~ http://allianzfunds.com/20130701/role/ScheduleAnnualFundOperatingExpenses20006 column dei_DocumentInformationDocumentAxis compact ck0001423227_doc_A_and_CMember column dei_LegalEntityAxis compact ck0001423227_S000041387Member row primary compact * ~falsehttp://allianzfunds.com/20130701/role/ScheduleAnnualFundOperatingExpenses20006020006 - Schedule - Annual Fund Operating Expensestruefalsefalse1falseColumnperiodPeriod*Columndei_DocumentInformationDocumentAxisAxisck0001423227_doc_A_and_CMemberColumndei_LegalEntityAxisAxisck0001423227_S000041387MemberColumnrr_ProspectusShareClassAxisAxis*ColumnunitUnit*duration2013-07-01T00:00:002013-07-01T00:00:00falsefalseA and Cdei_DocumentInformationDocumentAxisxbrldihttp://xbrl.org/2006/xbrldick0001423227_doc_A_and_CMemberdei_DocumentInformationDocumentAxisexplicitMemberfalsefalseAllianzGI Global Fundamental Strategydei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldick0001423227_S000041387Memberdei_LegalEntityAxisexplicitMemberfalsefalseClass Arr_ProspectusShareClassAxisxbrldihttp://xbrl.org/2006/xbrldick0001423227_C000128368Memberrr_ProspectusShareClassAxisexplicitMemberA and CAllianzGI Global Fundamental StrategyClass ApureStandardhttp://www.xbrl.org/2003/instancepurexbrli0Standard0 USDfalsefalseduration2013-07-01T00:00:002013-07-01T00:00:00$2falseColumnperiodPeriod*Columndei_DocumentInformationDocumentAxisAxisck0001423227_doc_A_and_CMemberColumndei_LegalEntityAxisAxisck0001423227_S000041387MemberColumnrr_ProspectusShareClassAxisAxis*ColumnunitUnit*duration2013-07-01T00:00:002013-07-01T00:00:00falsefalseA and Cdei_DocumentInformationDocumentAxisxbrldihttp://xbrl.org/2006/xbrldick0001423227_doc_A_and_CMemberdei_DocumentInformationDocumentAxisexplicitMemberfalsefalseAllianzGI Global Fundamental Strategydei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldick0001423227_S000041387Memberdei_LegalEntityAxisexplicitMemberfalsefalseClass Crr_ProspectusShareClassAxisxbrldihttp://xbrl.org/2006/xbrldick0001423227_C000128369Memberrr_ProspectusShareClassAxisexplicitMemberA and CAllianzGI Global Fundamental StrategyClass CpureStandardhttp://www.xbrl.org/2003/instancepurexbrli0Standard0 USDfalsefalseduration2013-07-01T00:00:002013-07-01T00:00:00$1falseRowprimaryElement*3false 4rr_ManagementFeesOverAssetsrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalselabelrr:NonNegativePure4TypepureManagement Fees include investment advisory fees (including any fees based on the Fund's performance), any other management fees payable to the investment adviser or its affiliates, and administrative fees payable to the investment adviser or its affiliates that are not included as "Other Expenses."Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection instructions -Paragraph 3 -Subparagraph a false0 0rr_ManagementFeesOverAssetsrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalselabel1truetruetrue0.00750.0075falsefalsefalse2truetruetrue0.00750.0075falsefalsefalserr:NonNegativePure4TypepureManagement Fees include investment advisory fees (including any fees based on the Fund's performance), any other management fees payable to the investment adviser or its affiliates, and administrative fees payable to the investment adviser or its affiliates that are not included as "Other Expenses."Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection instructions -Paragraph 3 -Subparagraph a false02falseRowprimaryElement*4false 4rr_DistributionAndService12b1FeesOverAssetsrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalselabelrr:NonNegativePure4TypepureDistribution [and/or Service] (12b-1) Fees" include all distribution or other expenses incurred during the most recent fiscal year under a plan adopted pursuant to rule 12b-1 [17 CFR 270.12b-1]. Under an appropriate caption or a subcaption of "Other Expenses," disclose the amount of any distribution or similar expenses deducted from the Fund's assets other than pursuant to a rule 12b-1 plan.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection table -Paragraph 1 -Subparagraph 9 false0 0rr_DistributionAndService12b1FeesOverAssetsrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalselabel1truetruetrue0.00250.0025falsefalsefalse2truetruetrue0.01000.0100falsefalsefalserr:NonNegativePure4TypepureDistribution [and/or Service] (12b-1) Fees" include all distribution or other expenses incurred during the most recent fiscal year under a plan adopted pursuant to rule 12b-1 [17 CFR 270.12b-1]. Under an appropriate caption or a subcaption of "Other Expenses," disclose the amount of any distribution or similar expenses deducted from the Fund's assets other than pursuant to a rule 12b-1 plan.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection table -Paragraph 1 -Subparagraph 9 false03falseRowprimaryElement*5false 4rr_OtherExpensesOverAssetsrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalselabelrr:NonNegativePure4Typepure"Other Expenses" include all expenses not otherwise disclosed in the table that are deducted from the Fund's assets or charged to all shareholder accounts. The amount of expenses deducted from the Fund's assets are the amounts shown as expenses in the Fund's statement of operations (including increases resulting from complying with paragraph 2(g) of rule 6-07 of Regulation S-X [17 CFR 210.6-07]). "Other Expenses" do not include extraordinary expenses as determined under generally accepted accounting principles (see Accounting Principles Board Opinion No. 30). If extraordinary expenses were incurred that materially affected the Fund's "Other Expenses," disclose in a footnote to the table what "Other Expenses" would have been had the extraordinary expenses been included.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection instructions -Paragraph 3 -Subparagraph c -Clause i false0 0rr_OtherExpensesOverAssetsrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalselabel[1]1truetruetrue0.01870.0187falsefalsefalse2truetruetrue0.01870.0187falsefalsefalserr:NonNegativePure4Typepure"Other Expenses" include all expenses not otherwise disclosed in the table that are deducted from the Fund's assets or charged to all shareholder accounts. The amount of expenses deducted from the Fund's assets are the amounts shown as expenses in the Fund's statement of operations (including increases resulting from complying with paragraph 2(g) of rule 6-07 of Regulation S-X [17 CFR 210.6-07]). "Other Expenses" do not include extraordinary expenses as determined under generally accepted accounting principles (see Accounting Principles Board Opinion No. 30). If extraordinary expenses were incurred that materially affected the Fund's "Other Expenses," disclose in a footnote to the table what "Other Expenses" would have been had the extraordinary expenses been included.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection instructions -Paragraph 3 -Subparagraph c -Clause i false04falseRowprimaryElement*6false 4rr_ExpensesOverAssetsrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalselabelrr:NonNegativePure4TypepureTotal Annual Fund Operating Expenses. If the Fund is a Feeder Fund, reflect the aggregate expenses of the Feeder Fund and the Master Fund in a single fee table using the captions provided. In a footnote to the fee table, state that the table and Example reflect the expenses of both the Feeder and Master Funds. If the prospectus offers more than one Class of a Multiple Class Fund or more than one Feeder Fund that invests in the same Master Fund, provide a separate response for each Class or Feeder Fund. Base the percentages of "Annual Fund Operating Expenses" on amounts incurred during the Fund's most recent fiscal year, but include in expenses amounts that would have been incurred absent expense reimbursement or fee waiver arrangements. If the Fund has changed its fiscal year and, as a result, the most recent fiscal year is less than three months, use the fiscal year prior to the most recent fiscal year as the basis for determining "Annual Fund Operating Expenses."Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection instructions -Paragraph 3 -Subparagraph d false0 0rr_ExpensesOverAssetsrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalselabel1truetruetrue0.02870.0287falsefalsefalse2truetruetrue0.03620.0362falsefalsefalserr:NonNegativePure4TypepureTotal Annual Fund Operating Expenses. If the Fund is a Feeder Fund, reflect the aggregate expenses of the Feeder Fund and the Master Fund in a single fee table using the captions provided. In a footnote to the fee table, state that the table and Example reflect the expenses of both the Feeder and Master Funds. If the prospectus offers more than one Class of a Multiple Class Fund or more than one Feeder Fund that invests in the same Master Fund, provide a separate response for each Class or Feeder Fund. Base the percentages of "Annual Fund Operating Expenses" on amounts incurred during the Fund's most recent fiscal year, but include in expenses amounts that would have been incurred absent expense reimbursement or fee waiver arrangements. If the Fund has changed its fiscal year and, as a result, the most recent fiscal year is less than three months, use the fiscal year prior to the most recent fiscal year as the basis for determining "Annual Fund Operating Expenses."Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection instructions -Paragraph 3 -Subparagraph d false05falseRowprimaryElement*7false 4rr_FeeWaiverOrReimbursementOverAssetsrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalselabelrr:NonPositivePure4TypepureTotal Annual Fund Operating Expenses. If there were expense reimbursement or fee waiver arrangements that reduced any Fund operating expenses and will continue to reduce them for no less than one year from the effective date of the Fund's registration statement, a Fund may add two captions to the table one caption showing the amount of the expense reimbursement or fee waiver, and a second caption showing the Fund's net expenses after subtracting the fee reimbursement or expense waiver from the total fund operating expenses. The Fund should place these additional captions directly below the "Total Annual Fund Operating Expenses" caption of the table and should use appropriate descriptive captions, such as "Fee Waiver [and/or Expense Reimbursement]" and "Total Annual Fund Operating Expenses After Fee Waiver [and/or Expense Reimbursement]," respectively. If the Fund provides this disclosure, also disclose the period for which the expense reimbursement or fee waiver arrangement is expected to continue, and briefly describe who can terminate the arrangement and under what circumstances.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection table -Paragraph 1 -Subparagraph 11 false0 0rr_FeeWaiverOrReimbursementOverAssetsrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalselabel[2]1truetruetrue-0.0162-0.0162falsefalsefalse2truetruetrue-0.0162-0.0162falsefalsefalserr:NonPositivePure4TypepureTotal Annual Fund Operating Expenses. If there were expense reimbursement or fee waiver arrangements that reduced any Fund operating expenses and will continue to reduce them for no less than one year from the effective date of the Fund's registration statement, a Fund may add two captions to the table one caption showing the amount of the expense reimbursement or fee waiver, and a second caption showing the Fund's net expenses after subtracting the fee reimbursement or expense waiver from the total fund operating expenses. The Fund should place these additional captions directly below the "Total Annual Fund Operating Expenses" caption of the table and should use appropriate descriptive captions, such as "Fee Waiver [and/or Expense Reimbursement]" and "Total Annual Fund Operating Expenses After Fee Waiver [and/or Expense Reimbursement]," respectively. If the Fund provides this disclosure, also disclose the period for which the expense reimbursement or fee waiver arrangement is expected to continue, and briefly describe who can terminate the arrangement and under what circumstances.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection table -Paragraph 1 -Subparagraph 11 false06falseRowprimaryElement*8false 4rr_NetExpensesOverAssetsrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalselabelrr:NonNegativePure4TypepureTotal Annual Fund Operating Expenses.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection table -Paragraph 1 -Subparagraph 11 false0 0rr_NetExpensesOverAssetsrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalselabel[2]1truetruetrue0.01250.0125falsefalsefalse2truetruetrue0.02000.0200falsefalsefalserr:NonNegativePure4TypepureTotal Annual Fund Operating Expenses.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection table -Paragraph 1 -Subparagraph 11 false01Other Expenses are based upon estimated amounts for the Fund's initial fiscal year ending November 30, 2013 and include organizational expenses.2Total Annual Fund Operating Expenses After Expense Reductions reflect the effect of a contractual agreement by the Manager to waive its management fee and/or reimburse the Fund through November 30, 2014 to the extent that Total Annual Fund Operating Expenses, excluding interest, tax, and extraordinary expenses, acquired fund expenses and certain credits and other expenses, exceed 1.25% for Class A shares and 2.00% for Class C shares. Under the Expense Limitation Agreement, the Manager may recoup waived or reimbursed amounts for three years, provided total expenses, including such recoupment, do not exceed the annual expense limit.falseAnnual Fund Operating Expenses A and C AllianzGI Global Fundamental StrategyUnKnownUnKnownUnKnownUnKnownfalsefalsefalseSheet2661026019ColumnperiodPeriod*Columndei_DocumentInformationDocumentAxisAxisck0001423227_doc_A_and_CMemberColumndei_LegalEntityAxisAxisck0001423227_S000041387MemberColumnrr_ProspectusShareClassAxisAxis*ColumnunitUnit*RowprimaryElement*falsenonnum:textBlockItemTypenaContains a command for the SEC Viewer for the role corresponding to OperatingExpensesData.No definition available.false011false 4rr_ExpenseExampleHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00Examples.falsefalsefalsexbrli:stringItemTypestringHeading for Expense Example.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection instructions -Paragraph 4 false012false 4rr_ExpenseExampleNarrativeTextBlockrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p>&#160;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&#8217;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&#160;Operating Expenses After Expense Reductions and, for all other periods, on Total Annual Fund&#160;Operating Expenses. </p>falsefalsefalsenonnum:textBlockItemTypenaThe Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection example -Paragraph 1 -Subparagraph 1 false013false 4rr_ExpenseExampleByYearCaptionrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00 Example: Assuming you redeem your shares at the end of each period falsefalsefalsexbrli:stringItemTypestringThe Example assumes that you invest $10,000 in the Fund for the time periods indicated and then you redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return per year and that the Fund's operating expenses remained the same. Although your actual costs may be higher or lower.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection example -Paragraph 1 -Subparagraph 2 false014false 4rr_ExpenseExampleWithRedemptionTableTextBlockrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00~ http://allianzfunds.com/20130701/role/ScheduleExpenseExampleTransposed20007 column dei_DocumentInformationDocumentAxis compact ck0001423227_doc_A_and_CMember column dei_LegalEntityAxis compact ck0001423227_S000041387Member row primary compact * ~falsefalse~ http://allianzfunds.com/20130701/role/ScheduleExpenseExampleTransposed20007 column dei_DocumentInformationDocumentAxis compact ck0001423227_doc_A_and_CMember column dei_LegalEntityAxis compact ck0001423227_S000041387Member row primary compact * ~truehttp://allianzfunds.com/20130701/role/ScheduleExpenseExampleTransposed20007020007 - Schedule - Expense Example {Transposed}truefalsefalse1falseColumnprimaryElement*3false 4rr_ExpenseExampleYear01rr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabelrr:NonNegativeMonetaryTypemonetaryThe Example assumes that you invest $10,000 in the Fund for the time periods indicated and then you redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return per year and that the Fund's operating expenses remained the same. Although your actual costs may be higher or lower.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection instructions -Paragraph 4 false2 USDfalsefalse$2falseColumnprimaryElement*4false 4rr_ExpenseExampleYear03rr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabelrr:NonNegativeMonetaryTypemonetaryThe Example assumes that you invest $10,000 in the Fund for the time periods indicated and then you redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return per year and that the Fund's operating expenses remained the same. Although your actual costs may be higher or lower.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection example -Paragraph 1 -Subparagraph 2 false2 USDfalsefalse$1falseRowperiodPeriod*Rowdei_DocumentInformationDocumentAxisAxisck0001423227_doc_A_and_CMemberRowdei_LegalEntityAxisAxisck0001423227_S000041387MemberRowrr_ProspectusShareClassAxisAxis*RowunitUnit*duration2013-07-01T00:00:002013-07-01T00:00:00falsefalseA and Cdei_DocumentInformationDocumentAxisxbrldihttp://xbrl.org/2006/xbrldick0001423227_doc_A_and_CMemberdei_DocumentInformationDocumentAxisexplicitMemberfalsefalseAllianzGI Global Fundamental Strategydei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldick0001423227_S000041387Memberdei_LegalEntityAxisexplicitMemberfalsefalseClass Arr_ProspectusShareClassAxisxbrldihttp://xbrl.org/2006/xbrldick0001423227_C000128368Memberrr_ProspectusShareClassAxisexplicitMemberA and CAllianzGI Global Fundamental StrategyClass AusdStandardhttp://www.xbrl.org/2003/iso4217USDiso42170 0truefalsefalsefalsefalsefalsefalsefalsefalse1truefalsetrue670670falsefalsefalse2truefalsetrue11511151falsefalsefalsenanafalse02falseRowperiodPeriod*Rowdei_DocumentInformationDocumentAxisAxisck0001423227_doc_A_and_CMemberRowdei_LegalEntityAxisAxisck0001423227_S000041387MemberRowrr_ProspectusShareClassAxisAxis*RowunitUnit*duration2013-07-01T00:00:002013-07-01T00:00:00falsefalseA and Cdei_DocumentInformationDocumentAxisxbrldihttp://xbrl.org/2006/xbrldick0001423227_doc_A_and_CMemberdei_DocumentInformationDocumentAxisexplicitMemberfalsefalseAllianzGI Global Fundamental Strategydei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldick0001423227_S000041387Memberdei_LegalEntityAxisexplicitMemberfalsefalseClass Crr_ProspectusShareClassAxisxbrldihttp://xbrl.org/2006/xbrldick0001423227_C000128369Memberrr_ProspectusShareClassAxisexplicitMemberA and CAllianzGI Global Fundamental StrategyClass CusdStandardhttp://www.xbrl.org/2003/iso4217USDiso42170 0truefalsefalsefalsefalsefalsefalsefalsefalse1truefalsetrue303303falsefalsefalse2truefalsetrue862862falsefalsefalsenanafalse0falseExpense Example A and C AllianzGI Global Fundamental Strategy (USD $)UnKnownUnKnownUnKnownUnKnownfalsefalsefalseSheet222222016ColumnprimaryElement*RowperiodPeriod*Rowdei_DocumentInformationDocumentAxisAxisck0001423227_doc_A_and_CMemberRowdei_LegalEntityAxisAxisck0001423227_S000041387MemberRowrr_ProspectusShareClassAxisAxis*RowunitUnit*falsenonnum:textBlockItemTypenaContains a command for the SEC Viewer for the role corresponding to ExpenseExample.No definition available.false015false 4rr_ExpenseExampleNoRedemptionByYearCaptionrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00 Example: Assuming you do not redeem your shares falsefalsefalsexbrli:stringItemTypestringYou would pay the following expenses if you did not redeem your shares. Include the second 1-, 3-, 5-, and 10-year periods and related narrative explanation only if a sales charge (load) or other fee is charged upon redemption.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection example -Paragraph 2 -Subparagraph 1 false016false 4rr_ExpenseExampleNoRedemptionTableTextBlockrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00~ http://allianzfunds.com/20130701/role/ScheduleExpenseExampleNoRedemptionTransposed20008 column dei_DocumentInformationDocumentAxis compact ck0001423227_doc_A_and_CMember column dei_LegalEntityAxis compact ck0001423227_S000041387Member row primary compact * ~falsefalse~ http://allianzfunds.com/20130701/role/ScheduleExpenseExampleNoRedemptionTransposed20008 column dei_DocumentInformationDocumentAxis compact ck0001423227_doc_A_and_CMember column dei_LegalEntityAxis compact ck0001423227_S000041387Member row primary compact * ~truehttp://allianzfunds.com/20130701/role/ScheduleExpenseExampleNoRedemptionTransposed20008020008 - Schedule - Expense Example No Redemption {Transposed}truefalsefalse1falseColumnprimaryElement*3false 4rr_ExpenseExampleNoRedemptionYear01rr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabelrr:NonNegativeMonetaryTypemonetaryYou would pay the following expenses if you did not redeem your shares. Include the second 1-, 3-, 5-, and 10-year periods and related narrative explanation only if a sales charge (load) or other fee is charged upon redemption.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection example -Paragraph 2 -Subparagraph 1 false2 USDfalsefalse$2falseColumnprimaryElement*4false 4rr_ExpenseExampleNoRedemptionYear03rr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabelrr:NonNegativeMonetaryTypemonetaryYou would pay the following expenses if you did not redeem your shares. 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Disclose the period for which the information is provided if less than a full fiscal year. A Fund that is a Money Market Fund may omit the portfolio turnover information required by this Item.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection instructions -Paragraph 5 false018false 4rr_PortfolioTurnoverTextBlockrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p>&#160;The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; 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. 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Summarize how the Fund intends to achieve its investment objectives by identifying the Fund's principal investment strategies (including the type or types of securities in which the Fund invests or will invest principally) and any policy to concentrate in securities of issuers in a particular industry or group of industries.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 4 -Subsection a false020false 4rr_StrategyNarrativeTextBlockrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p>&#160;The Fund seeks to achieve its investment objective by normally investing in a broad range of U.S. and <font style="white-space: nowrap;">non-U.S.</font> securities with a focus on equities, fixed income securities and related derivative instruments. 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A portion of the Fund&#8217;s positions in acquired funds (but no more than 15% of the Fund&#8217;s net assets when taken together with any other illiquid assets held by the Fund) is expected to be illiquid (i.e., securities that the Fund would not be able to sell or dispose of in the ordinary course of business within seven calendar days). </p> <br/><p> &#160;&#160;&#160;The allocation of the Fund&#8217;s investments across asset classes will vary from time to time, based upon the portfolio managers&#8217; consideration of factors, including but not limited to, changes in equity prices, changes in interest rates and other economic and market factors. One or more asset classes may be more heavily weighted than others in the Fund&#8217;s portfolio at any time and from time to time, and sometimes to a substantial extent. </p> <br/><p> &#160;&#160;&#160;The investment decisions of the portfolio managers are based on a fundamental management approach. 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Equity securities may react more strongly to changes in an issuer&#8217;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 (<strong>Equity Securities Risk, Smaller Company Risk</strong>). 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 increases in interest rates or an issuer&#8217;s or counterparty&#8217;s deterioration or default (<strong>Fixed Income Risk, High Yield Risk, Interest Rate Risk</strong>). <font style="white-space: nowrap;">Non-U.S.</font> securities markets and issuers may be more volatile, smaller, less-liquid, less transparent and subject to less oversight, particularly in emerging markets, and <font style="white-space: nowrap;">non-U.S.</font> securities values may also fluctuate with currency exchange rates (<strong><font style="white-space: nowrap;">Non-U.S.</font> Investment Risk, Emerging Markets Risk, Currency Risk</strong>). Other principal risks include: <strong>Commodity Risk</strong> (commodity-linked derivative instruments may increase volatility); <strong>Credit Risk</strong> (an issuer or counterparty may default on obligations); <strong>Index Risk</strong> (investments in index-linked derivatives are subject to the risks associated with the applicable index); <strong>IPO Risk</strong> (securities purchased in initial public offerings have no trading history, limited issuer information and increased volatility); <strong>Leveraging Risk</strong> (instruments and transactions that constitute leverage magnify gains or losses and increase volatility); <strong>Liquidity Risk</strong> (the lack of an active market for investments may cause delay in disposition or force a sale below fair value); <strong>REIT and Real Estate-Related Investment Risk</strong> (adverse changes in the real estate markets may affect the value of REIT investments or real estate-linked derivatives); <strong>Short Selling Risk</strong> (short selling enhances leveraging risk, involves counterparty risk and may potentially involve the risk of unlimited loss); <strong>Turnover Risk</strong> (high levels of portfolio turnover increase transaction costs and taxes and may lower investment performance); <strong>Derivatives Risk</strong> (derivative instruments are complex, have different characteristics than their underlying assets and are subject to additional risks, including leverage, liquidity and valuation); and <strong>Tax Risk</strong> (income from commodity-linked investments may limit the Fund&#8217;s ability to qualify as a &#8220;regulated investment company&#8221; for U.S. federal income tax purposes). Please see &#8220;Summary of Principal Risks&#8221; in the Fund&#8217;s statutory prospectus for a more detailed description of the Fund&#8217;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. </p>falsefalsefalsenonnum:textBlockItemTypenaNarrative Risk Disclosure. 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A and C | AllianzGI Global Fundamental Strategy
AllianzGI Global Fundamental Strategy
Investment Objective

The Fund seeks to generate positive real absolute returns through a complete market cycle (rolling 3-year period) by investing in a broad range of global asset classes.

Fees and Expenses of the Fund

The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Class A Shares of eligible funds that are part of the family of mutual funds sponsored by Allianz. More information about these and other discounts is available in the “Classes of Shares—Class A and Class C Shares” section beginning on page 20 of the Fund’s statutory prospectus or from your financial advisor.   

Shareholder Fees (fees paid directly from your investment): None
Shareholder Fees A and C AllianzGI Global Fundamental Strategy
Class A
Class C
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) 5.50% none
Maximum Contingent Deferred Sales Charge (CDSC) (Load) (as a percentage of the lower of original purchase price or NAV) [1] 1.00% 1.00%
[1] 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.
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses A and C AllianzGI Global Fundamental Strategy
Class A
Class C
Management Fees 0.75% 0.75%
Distribution and/or Service (12b-1) Fees 0.25% 1.00%
Other Expenses [1] 1.87% 1.87%
Total Annual Fund Operating Expenses 2.87% 3.62%
Expense Reductions [2] (1.62%) (1.62%)
Total Annual Fund Operating Expenses After Expense Reductions [2] 1.25% 2.00%
[1] Other Expenses are based upon estimated amounts for the Fund's initial fiscal year ending November 30, 2013 and include organizational expenses.
[2] Total Annual Fund Operating Expenses After Expense Reductions reflect the effect of a contractual agreement by the Manager to waive its management fee and/or reimburse the Fund through November 30, 2014 to the extent that Total Annual Fund Operating Expenses, excluding interest, tax, and extraordinary expenses, acquired fund expenses and certain credits and other expenses, exceed 1.25% for Class A shares and 2.00% for Class C shares. Under the Expense Limitation Agreement, the Manager may recoup waived or reimbursed amounts for three years, provided total expenses, including such recoupment, do not exceed the annual expense limit.
Examples.

 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.

Example: Assuming you redeem your shares at the end of each period
Expense Example A and C AllianzGI Global Fundamental Strategy (USD $)
1 Year
3 Years
Class A
670 1,151
Class C
303 862
Example: Assuming you do not redeem your shares
Expense Example No Redemption A and C AllianzGI Global Fundamental Strategy (USD $)
1 Year
3 Years
Class A
670 1,151
Class C
203 862
Portfolio Turnover.

 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.

Principal Investment Strategies

 The Fund seeks to achieve its investment objective by normally investing in a broad range of U.S. and non-U.S. securities with a focus on equities, fixed income securities and related derivative instruments. The Fund will, under normal circumstances, invest at least 40% of its total assets in non-U.S. securities, including emerging markets securities, and will allocate its investments among securities that are economically tied to issuers in at least three countries (one of which may be the United States). The Fund may have exposure to issuers in a broad range of market capitalizations, geographies and industries, as well as to fixed income and convertible instruments with a broad range of credit quality ratings and durations. It is expected that the Fund’s debt and convertible securities may include significant exposure to securities rated below investment grade or unrated securities deemed to be of equivalent quality by the portfolio managers (sometimes referred to as “high yield securities” or “junk bonds”). The Fund invests across the entire range of maturities of high yield securities. In order to gain exposure to desired asset classes or securities, or for hedging or other investment purposes, the Fund expects to utilize derivative instruments, such as foreign currency exchange contracts, options, stock index futures contracts, warrants, forwards, futures contracts and swap agreements.


     The Fund may gain exposure to commodities through investments in acquired funds and or derivatives that reference individual commodities or commodity indices. In particular, the Fund expects to invest in swaps, futures, options on futures and/or options on commodities in order to gain commodities exposure.   The Fund may, at any time, invest in certain acquired funds and may invest up to 10% of its net assets in unaffiliated hedge funds, funds of hedge funds and acquired funds that are Undertakings for Collective Investment in Transferable Securities (“UCITS”). A portion of the Fund’s positions in acquired funds (but no more than 15% of the Fund’s net assets when taken together with any other illiquid assets held by the Fund) is expected to be illiquid (i.e., securities that the Fund would not be able to sell or dispose of in the ordinary course of business within seven calendar days).


   The allocation of the Fund’s investments across asset classes will vary from time to time, based upon the portfolio managers’ consideration of factors, including but not limited to, changes in equity prices, changes in interest rates and other economic and market factors. One or more asset classes may be more heavily weighted than others in the Fund’s portfolio at any time and from time to time, and sometimes to a substantial extent.


   The investment decisions of the portfolio managers are based on a fundamental management approach. The portfolio generally consists of a core portion and an opportunistic portion which are managed as part of a single portfolio or strategy. The portion of the Fund’s assets that comprise the core portion serves as a foundation for the overall portfolio, as it seeks to generate stable returns over the market cycle. The opportunistic portion is designed to capture shorter term investment opportunities and could be considered as riskier relative to the core portion of the Fund. Typically, the opportunistic portion will target investments that can provide capital gains over a relatively short time horizon, and is expected exhibit higher turnover than the core portion.


   The portfolio managers regularly monitor the risk and return profile of both the core and opportunistic portions of the portfolio. While the team generally has a longer time horizon for holdings in the core portion of the portfolio, the team will review a holding for sale if the underlying issuer’s fundamental characteristics no longer meet the investment team’s criteria. For holdings in the opportunistic portion of the portfolio, the team evaluates holdings for potential changes in their fundamental position and also monitors price movement relative to the applicable price target. Holdings at or near their price target would generally be liquidated in order to make room for new opportunistic investment ideas.


   The allocation of the Fund’s capital between the core and opportunistic components will vary, reflecting market circumstances and the manager’s ability to locate suitable investments for the two components.


   The opportunistic portion of the portfolio may include short positions in individual securities or options. The Fund will typically take such short positions where it does not own the security sold short or have the immediate right to acquire the security at no cost (i.e., the Fund will not typically sell short “against the box”). The Fund may incur certain expenses with respect to securities sold short, including short sale fees and substitute dividend expense.


   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 markets equities, and U.S. government bonds.


   The Fund may also invest a portion of its assets in real estate investment trusts (REITs).

Principal Risks

 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 increases 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: Commodity Risk (commodity-linked derivative instruments may increase volatility); Credit Risk (an issuer or counterparty may default on obligations); 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); Leveraging Risk (instruments and transactions that constitute leverage magnify gains or losses and increase volatility); Liquidity Risk (the lack of an active market for investments may cause delay in disposition or force a sale below fair value); REIT and Real Estate-Related Investment Risk (adverse changes in the real estate markets may affect the value of REIT investments or real estate-linked derivatives); Short Selling Risk (short selling enhances leveraging risk, involves counterparty risk and may potentially involve the risk of unlimited loss); Turnover Risk (high levels of portfolio turnover increase transaction costs and taxes and may lower investment performance); Derivatives Risk (derivative instruments are complex, have different characteristics than their underlying assets and are subject to additional risks, including leverage, liquidity and valuation); and Tax Risk (income from commodity-linked investments may limit the Fund’s ability to qualify as a “regulated investment company” for U.S. federal income tax purposes). 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.

Performance Information

 Performance information for the Fund will be available after the Fund completes a full calendar year of operation.