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Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ck0001423227_SupplementTextBlock

ALLIANZ FUNDS MULTI-STRATEGY TRUST


Supplement Dated August 19, 2014 to the


Statutory Prospectus for Administrative Class, Class A, Class C, Class D, Class R, Class R6 and Class P Shares of


Allianz Funds Multi-Strategy Trust,


Dated April 1, 2014 (as supplemented thereafter)


Disclosure Relating to AllianzGI Retirement 2015 Fund, AllianzGI Retirement 2020 Fund, AllianzGI Retirement 2025 Fund, AllianzGI Retirement 2030 Fund, AllianzGI Retirement 2035 Fund, AllianzGI Retirement 2040 Fund, AllianzGI Retirement 2045 Fund, AllianzGI Retirement 2050 Fund, AllianzGI Retirement 2055 Fund and AllianzGI Retirement Income Fund (the “Funds”)


Each of the Funds has changed its primary performance benchmark and added a secondary benchmark. For each Fund, the prospectus is revised to reflect the use of the relevant “Real Return Target Index” as primary and the relevant “Morningstar Lifetime Conservative Index” set forth below. Previously, the Funds’ primary benchmarks were the Dow Jones Real Return Indices. The Real Return Target date indices are based on the methodology designed and produced by S&P Dow Jones Indices for the Dow Jones Real Return target date indexes, which were terminated on June 30, 2014.


Within the Fund Summary relating to each Fund, the benchmark and other comparative performance information (i.e., all performance information that does not report performance of the Fund itself) in the subsection entitled “Performance Information – Average Annual Total Returns (for periods ended 12/31/13)” is hereby restated as follows:

Risk/Return [Heading] rr_RiskReturnHeading AllianzGI Retirement 2040 Fund
Performance Table Heading rr_PerformanceTableHeading AllianzGI Retirement 2040 Fund:
Performance Table Market Index Changed rr_PerformanceTableMarketIndexChanged The Real Return Target 2040 Index replaced the Dow Jones Real Return 2040 Index as the Fund's primary benchmark as of July 1, 2014. The Real Return Target 2040 Index is based on the methodology designed and produced by S&P Dow Jones Indices for the Dow Jones Real Return 2040 Index, which was terminated on June 30, 2014, and the performance figures for the two indices are identical for all periods shown in the table above.
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees, expenses or taxes)
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock

Please retain this Supplement for future reference.

Real Return Target 2040 Index (reflects no deduction for fees, expenses or taxes)
  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 9.19% [1]
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 12.03% [1]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 12.52% [1]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Dec. 29, 2008 [1]
Morningstar Lifetime Conservative 2040 Index (reflects no deduction for fees, expenses or taxes)
  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 18.41%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 14.92%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 15.57%
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Dec. 29, 2008
Lipper Mixed-Asset Target 2040 Funds Average
  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 19.95%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 14.85%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 14.85%
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Dec. 29, 2008
[1] The Real Return Target 2040 Index replaced the Dow Jones Real Return 2040 Index as the Fund's primary benchmark as of July 1, 2014. The Real Return Target 2040 Index is based on the methodology designed and produced by S&P Dow Jones Indices for the Dow Jones Real Return 2040 Index, which was terminated on June 30, 2014, and the performance figures for the two indices are identical for all periods shown in the table above.