April 15, 2013
Securities and Exchange Commission
100 F Street NE
Washington, DC 20549
Re: Allianz Funds (Reg. 33-36528) (811-6161)
Ladies and Gentlemen:
We are filing the referenced amendment pursuant to Rule 497(e) under the Securities Act of 1933, as amended, to submit an exhibit in interactive data form with revised risk/return summary information from the supplement dated April 8, 2013.
Any comments or questions on this filing should be directed to Debra Rubano at (212) 739-3228.
Very truly yours, |
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/s/ Debra Rubano |
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Debra Rubano |
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Vice President and Senior Counsel |
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cc: Ropes & Gray LLP |
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Allianz Global Investors U.S. LLC
1633 Broadway
New York, NY 10019
212.739.3000
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Label | Element | Value |
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Risk/Return: | rr_RiskReturnAbstract | |
Prospectus Date | rr_ProspectusDate | Aug. 29, 2012 |
AllianzGI Opportunity Fund | AllianzGI Opportunity Fund | ||||||||||||||||
AllianzGI Opportunity Fund | ||||||||||||||||
Disclosure Relating to AllianzGI Opportunity Fund Within the Fund Summary relating to AllianzGI Opportunity Fund (the “Fund”) in the Prospectus, the subsection entitled “Principal Investment Strategy” is hereby restated in its entirety as follows: |
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The Fund seeks to achieve its objective by normally investing at least 65% of its assets in common stocks of small-cap companies with market capitalizations comparable to those of companies included in the Russell 2000 Index (between $33 million to $5.3 billion as of January 31, 2013). The portfolio managers apply a systematic approach to individual stock selection and portfolio optimization. The portfolio managers utilize a quantitative process to focus on stocks of companies that exhibit positive change, sustainability, and timely market recognition. The investment process begins by assigning each of the approximately 2,000 stocks that the portfolio managers consider to constitute the U.S. small-cap universe a score from the team’s “alpha” model, which seeks to rank issuers on their potential to generate returns in excess of broader market movements. Quantitative factors in the “alpha” model are grouped into three broad categories: positive change, sustainability and timeliness. The portfolio managers then use a risk model and optimization program to create a portfolio that balances alpha (the stocks with the strongest alpha scores) and risk expectations. The portfolio managers consider whether to sell a particular security when any of the above factors materially changes, if the Fund’s investment in an industry becomes significantly overweight relative to its benchmark, or when a more attractive investment candidate is available. The Fund may invest in securities issued in initial public offerings (IPOs) and up to 15% of its assets in non-U.S. securities (without limit in American Depositary Receipts (ADRs)). |
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Average Annual Total Returns (for periods ended 12/31/11) | ||||||||||||||||
Effective April 8, 2013, the Russell 2000 Index will become the performance benchmark for the Fund. The Fund’s performance table will be revised to add the following: |
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