As Filed with the Securities and Exchange Commission on January 10, 2018

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. 123	x

	REGISTRATION STATEMENT Under THE INVESTMENT COMPANY ACT OF 1940	x

	Amendment No. 124	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)

Thomas J. Fuccillo, Esq.

c/o Allianz Global Investors U.S. LLC

1633 Broadway

New York, NY 10019

Name and address of agent for service:

Copies to:

David C. Sullivan, Esq.

Ropes & Gray LLP

Prudential Tower

800 Boylston Street

Boston, MA 02199

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. 123 to the Trust’s Registration Statement on Form N-1A hereby incorporates Parts A, B and C from the Trust’s PEA No. 120 on Form N-1A filed December 22, 2017. This PEA No. 123 is filed for the sole purpose of submitting the XBRL exhibit for the risk/return summary first provided in PEA No. 120 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. 123 (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 10th day of January, 2018.

	ALLIANZ FUNDS MULTI-STRATEGY TRUST

	By:	/s/ Thomas J. Fuccillo
	Name:	Thomas J. Fuccillo
	Title:	President and Chief Executive Officer

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/ Thomas J. Fuccillo	President and Chief Executive Officer	January 10, 2018
Thomas J. Fuccillo

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

Deborah A. DeCotis*	Trustee
Deborah A. DeCotis

F. Ford Drummond*	Trustee
F. Ford Drummond

A. Douglas Eu*	Trustee
A. Douglas Eu

Bradford K. Gallagher*	Trustee
Bradford K. Gallagher

Erick R. Holt*	Trustee
Erick R. Holt

James A. Jacobson*	Trustee
James A. Jacobson

Hans W. Kertess*	Trustee
Hans W. Kertess

James S. MacLeod*	Trustee
James S. MacLeod

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

Alan Rappaport*	Trustee
Alan Rappaport

Davey S. Scoon*	Trustee
Davey S. Scoon

	*By:	/s/ Thomas J. Fuccillo

		Thomas J. Fuccillo
		Attorney-In-fact and Agent for the Individuals Noted Above
		Date: January 10, 2018

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