N-Q 1 d711311dnq.htm ALLIANZ FUNDS Allianz Funds
Table of Contents

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM N-Q

 

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-06161

 

 

Allianz Funds

(Exact name of registrant as specified in charter)

 

 

 

1633 Broadway, New York, NY   10019
(Address of principal executive offices)   (Zip code)

Lawrence G. Altadonna

1633 Broadway New York, NY 10019

(Name and address of agent for service)

Registrant’s telephone number, including area code: 212-739-3371

Date of fiscal year end: June 30, 2014

Date of reporting period: March 31, 2014

 

 

 


Table of Contents

Table of Contents

 

Allianz Funds:

  

AllianzGI Emerging Markets Opportunities Fund

  

AllianzGI Focused Growth Fund

  

AllianzGI Global Commodity Equity Fund

  

AllianzGI Global Small-Cap Fund

  

AllianzGI Income & Growth Fund

  

AllianzGI International Managed Volatility Fund

  

AllianzGI Large-Cap Growth Fund

  

AllianzGI Mid-Cap Fund

  

AllianzGI NFJ All-Cap Value Fund

  

AllianzGI NFJ Dividend Value Fund

  

AllianzGI NFJ International Value Fund

  

AllianzGI NFJ Large-Cap Value Fund

  

AllianzGI NFJ Mid-Cap Value Fund

  

AllianzGI NFJ Small-Cap Value Fund

  

AllianzGI Opportunity Fund

  

AllianzGI Small-Cap Blend Fund

  

AllianzGI Technology Fund

  

AllianzGI U.S. Managed Volatility Fund

  

AllianzGI Wellness Fund

  


Table of Contents
Item 1. Schedules of Investments

Schedule of Investments

AllianzGI Emerging Markets Opportunities Fund

March 31, 2014 (unaudited)

 

    Shares     Value*  

COMMON STOCK—94.4%

  

Brazil—9.0%

  

Arteris S.A.

    32,613      $ 261,881   

Cia de Saneamento de Minas Gerais

    16,921        270,930   

Cia Energetica de Minas Gerais ADR

    185,847        1,263,760   

Cielo S.A.

    129,119        4,114,850   

Energias do Brasil S.A.

    111,377        505,590   

Itau Unibanco Holding S.A. ADR

    139,375        2,071,112   

JBS S.A.

    168,091        574,873   

Porto Seguro S.A.

    83,276        1,168,947   
   

 

 

 
      10,231,943   
   

 

 

 

China—14.7%

  

Agricultural Bank of China Ltd., Class H

    3,495,000        1,527,838   

Bank of China Ltd., Class H

    7,143,000        3,173,441   

China Citic Bank Corp. Ltd., Class H

    1,019,000        588,596   

China Railway Construction Corp. Ltd., Class H

    1,317,500        1,117,072   

China Railway Group Ltd., Class H

    962,000        449,507   

China Resources Cement Holdings Ltd.

    866,000        684,180   

GOME Electrical Appliances Holding Ltd.

    4,825,000        816,523   

Guangzhou Automobile Group Co., Ltd., Class H

    178,000        187,652   

Industrial & Commercial Bank of China Ltd., Class H

    1,419,300        874,970   

Mindray Medical International Ltd. ADR

    13,742        444,691   

NetEase, Inc. ADR

    7,384        496,943   

New Oriental Education & Technology Group, Inc. ADR

    74,764        2,194,323   

PetroChina Co., Ltd., Class H

    586,000        636,532   

Sihuan Pharmaceutical Holdings Group Ltd.

    1,274,000        1,537,419   

Sinopec Shanghai Petrochemical Co., Ltd., Class H

    1,026,000        263,714   

Skyworth Digital Holdings Ltd.

    1,026,000        566,285   

Tencent Holdings Ltd.

    15,500        1,081,903   
   

 

 

 
      16,641,589   
   

 

 

 

Colombia—0.4%

  

Bancolombia S.A. ADR

    8,307        469,179   
   

 

 

 

Hong Kong—5.2%

  

Bank of East Asia Ltd.

    282,200        1,105,022   

Galaxy Entertainment Group Ltd. (c)

    45,000        393,058   

Hysan Development Co., Ltd.

    41,000        178,647   

Johnson Electric Holdings Ltd.

    256,000        236,459   

MGM China Holdings Ltd.

    254,800        900,219   

SJM Holdings Ltd.

    252,000        709,943   

Wynn Macau Ltd.

    441,200        1,827,801   

Yue Yuen Industrial Holdings Ltd.

    165,000        538,733   
   

 

 

 
      5,889,882   
   

 

 

 
    Shares     Value*  

India—9.4%

  

Apollo Tyres Ltd.

    981,474      $ 2,623,088   

Dr Reddy’s Laboratories Ltd.

    9,191        395,672   

HCL Technologies Ltd.

    55,478        1,295,805   

Infosys Ltd.

    42,397        2,323,363   

Tata Consultancy Services Ltd.

    64,555        2,312,928   

Tata Motors Ltd.

    208,978        1,411,568   

Wipro Ltd. ADR

    21,742        291,343   
   

 

 

 
      10,653,767   
   

 

 

 

Indonesia—0.8%

  

Indofood Sukses Makmur Tbk PT

    756,500        489,482   

Perusahaan Gas Negara Persero Tbk PT

    1,039,500        471,761   
   

 

 

 
      961,243   
   

 

 

 

Korea (Republic of)—18.1%

  

Daesang Corp.

    22,110        850,093   

Hyosung Corp.

    23,699        1,714,448   

Hyundai Home Shopping Network Corp.

    1,742        256,095   

Interpark Corp.

    55,922        642,422   

KCC Corp.

    680        349,074   

Kia Motors Corp.

    66,723        3,728,615   

LG Uplus Corp.

    197,070        1,935,821   

LS Corp.

    8,838        634,908   

Mando Corp.

    6,159        783,849   

Samsung Electronics Co., Ltd.

    3,249        4,107,296   

SK Holdings Co., Ltd.

    5,615        1,019,772   

SK Hynix, Inc. (c)

    53,910        1,829,213   

SK Telecom Co., Ltd.

    12,927        2,623,386   
   

 

 

 
      20,474,992   
   

 

 

 

Malaysia—3.2%

  

AMMB Holdings Bhd.

    89,800        197,580   

Maxis Bhd.

    78,600        167,591   

Public Bank Bhd.

    446,100        2,619,568   

Telekom Malaysia Bhd.

    181,800        327,954   

UMW Holdings Bhd.

    92,900        312,796   
   

 

 

 
      3,625,489   
   

 

 

 

Mexico—1.3%

  

Gruma SAB De C.V., Class B (c)

    139,273        1,152,118   

Ternium S.A. ADR

    9,127        269,977   
   

 

 

 
      1,422,095   
   

 

 

 

Peru—0.5%

  

Credicorp Ltd.

    4,102        565,748   
   

 

 

 

Philippines—0.2%

  

Universal Robina Corp.

    56,950        180,716   
   

 

 

 

Poland—0.5%

  

Orange Polska S.A.

    152,340        521,436   
   

 

 

 

Russian Federation—4.6%

  

Lukoil OAO ADR

    74,227        4,151,145   

Sistema JSFC (b)

    1,041,822        1,062,658   
   

 

 

 
      5,213,803   
   

 

 

 
 


Table of Contents

Schedule of Investments

AllianzGI Emerging Markets Opportunities Fund

March 31, 2014 (unaudited) (continued)

 

    Shares     Value*  

South Africa—2.5%

  

AVI Ltd.

    60,298      $ 323,657   

Standard Bank Group Ltd.

    66,826        880,413   

Vodacom Group Ltd.

    132,062        1,629,696   
   

 

 

 
      2,833,766   
   

 

 

 

Switzerland—1.0%

  

Novartis AG ADR

    7,076        601,601   

Sonova Holding AG (c)

    3,971        580,945   
   

 

 

 
      1,182,546   
   

 

 

 

Taiwan—14.3%

  

AcBel Polytech, Inc.

    486,000        672,321   

Asustek Computer, Inc.

    98,000        971,067   

Catcher Technology Co., Ltd.

    522,000        3,790,171   

Cheng Uei Precision Industry Co., Ltd.

    76,000        161,314   

Chunghwa Telecom Co., Ltd.

    110,000        338,486   

Compal Electronics, Inc.

    786,000        557,688   

Delta Electronics, Inc.

    87,000        538,812   

Faraday Technology Corp.

    163,000        236,758   

Grand Pacific Petrochemical

    391,000        238,022   

Hon Hai Precision Industry Co., Ltd.

    696,000        1,976,463   

Inventec Corp.

    529,000        522,180   

Kinsus Interconnect Technology Corp.

    151,000        561,079   

Lite-On Technology Corp.

    229,270        342,766   

Merida Industry Co., Ltd.

    26,000        172,895   

Merry Electronics Co., Ltd.

    30,000        164,531   

Micro-Star International Co., Ltd.

    204,000        202,258   

Pegatron Corp.

    192,000        286,433   

Pou Chen Corp.

    1,434,000        2,029,320   

Radiant Opto-Electronics Corp.

    165,000        668,126   

Siliconware Precision Industries Co.

    231,000        306,948   

SinoPac Financial Holdings Co., Ltd.

    419,000        202,106   

Synnex Technology International Corp.

    465,000        749,459   

Taiwan Semiconductor Manufacturing Co., Ltd.

    56,000        220,334   

Teco Electric and Machinery Co., Ltd.

    227,000        254,037   
   

 

 

 
      16,163,574   
   

 

 

 

Thailand—1.1%

  

PTT Global Chemical PCL NVDR

    230,100        513,025   

Thai Oil PCL NVDR

    412,800        675,718   
   

 

 

 
      1,188,743   
   

 

 

 

Turkey—2.1%

  

Eregli Demir ve Celik Fabrikalari TAS

    1,840,242        2,373,686   
   

 

 

 

United Kingdom—2.5%

  

Mondi PLC

    164,270        2,878,612   
   

 

 

 

United States—3.0%

  

Intel Corp.

    26,767        690,856   

Lear Corp.

    11,999        1,004,557   

Marvell Technology Group Ltd.

    104,711        1,649,198   
   

 

 

 
      3,344,611   
   

 

 

 
    Shares     Value*  

Total Common Stock
(cost-$94,971,876)

   

  $ 106,817,420   
   

 

 

 

PREFERRED STOCK—2.1%

  

Russian Federation—2.1%

  

Surgutneftegas OAO (b)
(cost-$2,234,654)

    3,300,122        2,376,088   
   

 

 

 
    Principal
Amount
(000s)
       

Repurchase Agreements—3.2%

  

State Street Bank and Trust Co., dated 3/31/14, 0.00%, due 4/1/14, proceeds $3,668,000; collateralized by Fannie Mae, 1.02%, due 10/17/17, valued at $3,742,200 including accrued interest
(cost—$3,668,000)

  $ 3,668        3,668,000   
   

 

 

 

Total Investments
(cost—$100,874,530) (a)—99.7%

   

    112,861,508   
   

 

 

 

Other assets less liabilities—0.3%

  

    330,960   
   

 

 

 

Net Assets-100.0%

  

  $ 113,192,468   
   

 

 

 

 

Notes to Schedule of Investments:

 

(a) Securities with an aggregate value of $81,019,704, representing 71.6% of net assets, were valued utilizing modeling tools provided by a third-party vendor.
(b) Fair-Valued—Securities with an aggregate value of $3,438,746, representing 3.0% of net assets.
(c) Non-income producing.

Glossary:

ADR—American Depositary Receipt

NVDR—Non-Voting Depository Receipt

 


Table of Contents

Schedule of Investments

AllianzGI Emerging Markets Opportunities Fund

March 31, 2014 (unaudited) (continued)

 

The industry classification of portfolio holdings and other assets less liabilities shown as a percentage of net assets were as follows:

 

Banks

     12.6

IT Services

     9.1

Semiconductors & Semiconductor Equipment

     9.1

Oil, Gas & Consumable Fuels

     7.0

Technology Hardware, Storage & Peripherals

     6.0

Automobiles

     5.0

Wireless Telecommunication Services

     4.7

Auto Components

     3.9

Hotels, Restaurants & Leisure

     3.3

Food Products

     3.2

Electronic Equipment, Instruments & Components

     3.1

Diversified Telecommunication Services

     2.8

Paper & Forest Products

     2.5

Chemicals

     2.4

Metals & Mining

     2.4

Textiles, Apparel & Luxury Goods

     2.3

Pharmaceuticals

     2.3

Diversified Consumer Services

     1.9

Electrical Equipment

     1.6

Electric Utilities

     1.6

Internet Software & Services

     1.4

Construction & Engineering

     1.4

Insurance

     1.0

Health Care Equipment & Supplies

     0.9

Industrial Conglomerates

     0.9

Internet & Catalog Retail

     0.8

Specialty Retail

     0.7

Construction Materials

     0.6

Household Durables

     0.5

Gas Utilities

     0.4

Building Products

     0.3

Water Utilities

     0.3

Transportation Infrastructure

     0.2

Real Estate Management & Development

     0.2

Leisure Equipment & Products

     0.1

Repurchase Agreements

     3.2

Other assets less liabilities

     0.3
  

 

 

 
     100.0
  

 

 

 
 


Table of Contents

Schedule of Investments

AllianzGI Focused Growth Fund

March 31, 2014 (unaudited)

 

    Shares     Value*  

COMMON STOCK—98.4%

  

Aerospace & Defense—7.9%

  

Precision Castparts Corp.

    114,055      $ 28,828,542   

United Technologies Corp.

    140,335        16,396,741   
   

 

 

 
      45,225,283   
   

 

 

 

Auto Components—2.8%

  

BorgWarner, Inc.

    257,555        15,831,906   
   

 

 

 

Automobiles—1.9%

  

Tesla Motors, Inc. (b)

    52,785        11,003,033   
   

 

 

 

Banks—3.3%

  

Wells Fargo & Co.

    374,575        18,631,361   
   

 

 

 

Beverages—2.5%

  

Coca-Cola Co.

    366,255        14,159,418   
   

 

 

 

Biotechnology—9.9%

  

Biogen Idec, Inc. (b)

    119,380        36,514,761   

Gilead Sciences, Inc. (b)

    277,925        19,693,765   
   

 

 

 
      56,208,526   
   

 

 

 

Building Products—1.6%

  

Fortune Brands Home & Security, Inc.

    214,130        9,010,590   
   

 

 

 

Communications Equipment—2.0%

  

QUALCOMM, Inc.

    147,675        11,645,651   
   

 

 

 

Electrical Equipment—3.0%

  

Eaton Corp. PLC

    229,510        17,240,791   
   

 

 

 

Food & Staples Retailing—2.3%

  

Costco Wholesale Corp.

    115,465        12,895,131   
   

 

 

 

Food Products—3.4%

  

Hershey Co.

    185,870        19,404,828   
   

 

 

 

Internet & Catalog Retail—6.4%

  

Amazon.com, Inc. (b)

    52,570        17,690,857   

priceline.com, Inc. (b)

    15,590        18,581,565   
   

 

 

 
      36,272,422   
   

 

 

 

Internet Software & Services—9.1%

  

Facebook, Inc., Class A (b)

    382,480        23,040,595   

Google, Inc., Class A (b)

    15,065        16,790,093   

Yelp, Inc. (a)(b)

    157,700        12,131,861   
   

 

 

 
      51,962,549   
   

 

 

 

IT Services—3.9%

  

Visa, Inc., Class A

    101,710        21,955,121   
   

 

 

 

Media—3.7%

  

Comcast Corp., Class A

    426,875        21,352,288   
   

 

 

 

Multi-line Retail—1.5%

  

Dollar Tree, Inc. (b)

    166,220        8,673,360   
   

 

 

 

Oil, Gas & Consumable Fuels—6.4%

  

Pioneer Natural Resources Co.

    86,440        16,176,382   

Range Resources Corp.

    96,555        8,011,168   
    Shares     Value*  

Valero Energy Corp.

    227,785      $ 12,095,383   
   

 

 

 
      36,282,933   
   

 

 

 

Pharmaceuticals—4.9%

  

AbbVie, Inc.

    197,820        10,167,948   

Bristol-Myers Squibb Co.

    344,465        17,894,957   
   

 

 

 
      28,062,905   
   

 

 

 

Road & Rail—3.2%

  

Union Pacific Corp.

    96,928        18,189,508   
   

 

 

 

Semiconductors & Semiconductor Equipment—2.0%

  

Intel Corp.

    433,150        11,179,602   
   

 

 

 

Software—6.0%

  

Microsoft Corp.

    455,610        18,675,454   

Salesforce.com, Inc. (b)

    270,950        15,468,535   
   

 

 

 
      34,143,989   
   

 

 

 

Specialty Retail—2.7%

  

Tractor Supply Co.

    213,775        15,098,928   
   

 

 

 

Technology Hardware, Storage & Peripherals—2.9%

  

Apple, Inc.

    30,650        16,451,081   
   

 

 

 

Textiles, Apparel & Luxury Goods—2.5%

  

Michael Kors Holdings Ltd. (b)

    154,885        14,446,124   
   

 

 

 

Tobacco—2.6%

  

Philip Morris International, Inc.

    179,790        14,719,407   
   

 

 

 

Total Common Stock
(cost—$393,699,421)

   

    560,046,735   
   

 

 

 
    Principal
Amount
(000s)
       

Repurchase Agreements—2.1%

  

State Street Bank and Trust Co., dated 3/31/14, 0.00%, due 4/1/14, proceeds $11,765,000; collateralized by Fannie Mae, 1.02%, due 10/17/17, valued at $12,003,750 including accrued interest
(cost—$11,765,000)

  $ 11,765        11,765,000   
   

 

 

 

Total Investments
(cost—$405,464,421)—100.5%

   

    571,811,735   
   

 

 

 

Liabilities in excess of other assets—(0.5)%

  

    (2,905,587
   

 

 

 

Net Assets—100.0%

  

  $ 568,906,148   
   

 

 

 

 

Notes to Schedule of Investments:

 

(a) Affiliated security.
(b) Non-income producing.
 


Table of Contents

Schedule of Investments

AllianzGI Global Commodity Equity Fund

March 31, 2014 (unaudited)

 

    Shares     Value*  

COMMON STOCK—99.3%

  

Australia—2.4%

  

BHP Billiton Ltd.

    18,415      $ 624,181   

Rio Tinto Ltd.

    9,650        569,183   
   

 

 

 
      1,193,364   
   

 

 

 

Canada—2.1%

  

Barrick Gold Corp.

    32,987        587,231   

Canadian National Railway Co.

    8,615        484,014   
   

 

 

 
      1,071,245   
   

 

 

 

China—1.6%

  

Beijing Enterprises Holdings Ltd.

    52,000        466,458   

Trina Solar Ltd. ADR (b)

    23,700        318,765   
   

 

 

 
      785,223   
   

 

 

 

Denmark—1.7%

  

Vestas Wind Systems A/S (b)

    21,600        866,030   
   

 

 

 

France—4.3%

  

Arkema S.A.

    4,945        559,406   

Schneider Electric S.A.

    6,405        567,652   

Total S.A.

    16,115        1,060,762   
   

 

 

 
      2,187,820   
   

 

 

 

Germany—3.5%

  

BASF SE

    8,900        990,327   

Lanxess AG

    10,600        800,109   
   

 

 

 
      1,790,436   
   

 

 

 

Ireland—1.1%

  

Smurfit Kappa Group PLC

    22,360        542,279   
   

 

 

 

Japan—4.2%

  

FANUC Corp.

    2,900        512,697   

Kawasaki Heavy Industries Ltd.

    105,000        386,842   

Mitsui & Co., Ltd.

    23,400        330,725   

SMC Corp.

    2,000        527,466   

Yaskawa Electric Corp.

    27,000        373,023   
   

 

 

 
      2,130,753   
   

 

 

 

Mexico—1.0%

  

Cemex SAB De C.V. ADR (b)

    38,790        489,918   
   

 

 

 

Netherlands—2.0%

  

Core Laboratories NV

    5,040        1,000,138   
   

 

 

 

Singapore—2.3%

  

First Resources Ltd.

    171,000        318,465   

Golden Agri-Resources Ltd.

    862,000        394,367   

Keppel Corp. Ltd.

    51,000        442,458   
   

 

 

 
      1,155,290   
   

 

 

 

Spain—1.5%

  

Gamesa Corp. Tecnologica S.A. (b)

    68,400        743,664   
   

 

 

 

Switzerland—1.5%

  

Glencore Xstrata PLC

    44,600        230,059   

Weatherford International Ltd. (b)

    29,815        517,588   
   

 

 

 
      747,647   
   

 

 

 
    Shares     Value*  

United Kingdom—4.6%

  

BHP Billiton PLC

    17,485      $ 539,913   

Rio Tinto PLC

    14,240        794,132   

Royal Dutch Shell PLC, Class A

    27,570        1,007,347   
   

 

 

 
      2,341,392   
   

 

 

 

United States—65.5%

  

Anadarko Petroleum Corp.

    3,000        254,280   

Antero Resources Corp. (b)

    12,465        780,309   

Archer-Daniels-Midland Co.

    18,075        784,274   

Ashland, Inc.

    5,100        507,348   

Bonanza Creek Energy, Inc. (b)

    11,860        526,584   

Cabot Oil & Gas Corp.

    33,300        1,128,204   

Cobalt International Energy, Inc. (b)

    25,230        462,214   

Concho Resources, Inc. (b)

    9,210        1,128,225   

CSX Corp.

    17,050        493,939   

Eagle Materials, Inc.

    8,440        748,290   

Ecolab, Inc.

    16,555        1,787,774   

EOG Resources, Inc.

    7,910        1,551,705   

Halliburton Co.

    16,925        996,713   

JB Hunt Transport Services, Inc.

    7,170        515,666   

Kansas City Southern

    4,850        494,991   

Kirby Corp. (b)

    6,350        642,938   

Kodiak Oil & Gas Corp. (b)

    65,965        800,815   

Laredo Petroleum Holdings, Inc. (b)

    18,580        480,479   

LyondellBasell Industries NV, Class A

    11,220        997,907   

Marathon Petroleum Corp.

    5,740        499,610   

Monsanto Co.

    8,365        951,686   

National Oilwell Varco, Inc.

    4,555        354,698   

Noble Energy, Inc.

    8,700        618,048   

Patterson-UTI Energy, Inc.

    16,295        516,226   

PDC Energy, Inc. (b)

    9,780        608,903   

Phillips 66

    14,700        1,132,782   

Pioneer Natural Resources Co.

    6,375        1,193,017   

PPG Industries, Inc.

    4,660        901,524   

Praxair, Inc.

    3,705        485,244   

Range Resources Corp.

    14,525        1,205,139   

Rock-Tenn Co., Class A

    4,585        484,038   

RPC, Inc.

    40,905        835,280   

Schlumberger Ltd.

    12,070        1,176,825   

Sealed Air Corp.

    12,390        407,259   

Sherwin-Williams Co.

    4,650        916,654   

SM Energy Co.

    7,885        562,122   

SolarCity Corp. (b)

    3,850        241,087   

Southwestern Energy Co. (b)

    27,200        1,251,472   

SunEdison, Inc. (b)

    17,430        328,381   

SunPower Corp. (b)

    17,700        571,002   

U.S. Silica Holdings, Inc.

    16,460        628,278   

Union Pacific Corp.

    2,745        515,127   

Valero Energy Corp.

    19,720        1,047,132   

Vulcan Materials Co.

    8,100        538,245   
   

 

 

 
      33,052,434   
   

 

 

 

Total Common Stock
(cost—$41,173,748)

   

    50,097,633   
   

 

 

 
 


Table of Contents

Schedule of Investments

AllianzGI Global Commodity Equity Fund

March 31, 2014 (unaudited) (continued)

 

    Principal
Amount
(000s)
    Value*  

Repurchase Agreements—0.5%

  

State Street Bank and Trust Co., dated 3/31/14, 0.00%, due 4/1/14, proceeds $240,000; collateralized by Fannie Mae, 1.02%, due 10/17/17, valued at $247,500 including accrued interest
(cost—$240,000)

  $ 240      $ 240,000   
   

 

 

 

Total Investments
(cost—$41,413,748) (a)—99.8%

   

    50,337,633   
   

 

 

 

Other assets less liabilities—0.2%

  

    87,174   
   

 

 

 

Net Assets—100.0%

  

  $ 50,424,807   
   

 

 

 

 

Notes to Schedule of Investments:

 

(a) Securities with an aggregate value of $13,647,545, representing 27.1% of net assets, were valued utilizing modeling tools provided by a third-party vendor.
(b) Non-income producing.

Glossary:

ADR—American Depositary Receipt

 


Table of Contents

Schedule of Investments

AllianzGI Global Commodity Equity Fund

March 31, 2014 (unaudited) (continued)

 

The industry classification of portfolio holdings and other assets less liabilities shown as a percentage of net assets were as follows:

 

Oil, Gas & Consumable Fuels

    34.2

Chemicals

    17.6

Energy Equipment & Services

    10.7

Metals & Mining

    7.9

Road & Rail

    4.9

Electrical Equipment

    4.8

Construction Materials

    3.6

Food Products

    3.0

Containers & Packaging

    2.9

Machinery

    2.8

Semiconductors & Semiconductor Equipment

    2.4

Industrial Conglomerates

    1.8

Marine

    1.3

Electronic Equipment, Instruments & Components

    0.7

Trading Companies & Distributors

    0.7

Repurchase Agreements

    0.5

Other assets less liabilities

    0.2
 

 

 

 
    100.0
 

 

 

 
 


Table of Contents

Schedule of Investments

AllianzGI Global Small-Cap Fund

March 31, 2014 (unaudited)

 

    Shares     Value*  

COMMON STOCK—95.1%

  

Australia—0.5%

  

BlueScope Steel Ltd. (d)

    83,400      $ 475,307   

Vocation Ltd. (d)

    202,067        490,980   
   

 

 

 
      966,287   
   

 

 

 

Austria—0.6%

  

Schoeller-Bleckmann Oilfield Equipment AG (c)

    10,212        1,194,479   
   

 

 

 

China—0.8%

  

China Everbright International Ltd.

    355,000        487,427   

China Machinery Engineering Corp., Class H

    644,000        465,273   

SPT Energy Group, Inc.

    534,000        265,257   

Sunny Optical Technology Group Co., Ltd.

    202,000        197,487   

Tiangong International Co., Ltd.

    850,000        205,465   
   

 

 

 
      1,620,909   
   

 

 

 

Denmark—1.9%

  

Christian Hansen Holding A/S

    28,659        1,137,412   

SimCorp A/S (c)

    37,987        1,539,473   

Topdanmark A/S (d)

    29,992        872,657   
   

 

 

 
      3,549,542   
   

 

 

 

Finland—1.2%

  

Amer Sports Oyj

    39,058        830,217   

Vacon PLC (c)

    35,546        1,498,480   
   

 

 

 
      2,328,697   
   

 

 

 

France—1.6%

  

Sartorius Stedim Biotech

    9,508        1,907,607   

Virbac S.A.

    4,979        1,110,304   
   

 

 

 
      3,017,911   
   

 

 

 

Germany—2.4%

  

Aareal Bank AG (c)(d)

    27,531        1,212,683   

Bechtle AG (c)

    11,207        964,602   

CANCOM SE (c)

    22,480        1,067,588   

Wirecard AG

    30,085        1,249,180   
   

 

 

 
      4,494,053   
   

 

 

 

Greece—0.6%

  

OPAP S.A.

    69,873        1,121,899   
   

 

 

 

Hong Kong—2.0%

  

Future Bright Holdings Ltd.

    1,068,000        527,295   

Ju Teng International Holdings Ltd. (c)

    1,058,000        750,518   

Nexteer Automotive Group Ltd. (d)

    1,149,000        899,599   

Playmates Toys Ltd. (d)

    1,112,000        521,465   

Techtronic Industries Co.

    185,500        520,327   

Xinyi Glass Holdings Ltd.

    814,000        664,034   
   

 

 

 
      3,883,238   
   

 

 

 

Indonesia—0.1%

  

Erajaya Swasembada Tbk PT (d)

    2,200,000        267,113   
   

 

 

 
    Shares     Value*  

Ireland—1.3%

  

Glanbia PLC

    65,533      $ 1,005,736   

ICON PLC (d)

    30,604        1,455,220   
   

 

 

 
      2,460,956   
   

 

 

 

Italy—2.0%

  

Banca Popolare di Milano Scarl (d)

    998,281        1,005,369   

Mediolanum SpA

    114,044        1,076,363   

World Duty Free SpA (d)

    84,476        1,184,722   

Yoox SpA (d)

    14,193        485,616   
   

 

 

 
      3,752,070   
   

 

 

 

Japan—8.9%

  

Aica Kogyo Co., Ltd.

    48,300        1,076,959   

Coca-Cola East Japan Co., Ltd.

    31,400        789,541   

COOKPAD, Inc. (d)

    25,800        612,835   

Don Quijote Holdings Co., Ltd.

    17,800        918,989   

Fukushima Industries Corp.

    18,500        294,656   

Hitachi Transport System Ltd.

    41,500        675,070   

Hoshizaki Electric Co., Ltd.

    15,000        566,484   

Inaba Denki Sangyo Co., Ltd.

    27,800        897,473   

Jafco Co., Ltd.

    17,900        801,967   

Japan Airport Terminal Co., Ltd.

    39,400        1,021,839   

Japan Best Rescue System Co., Ltd.

    100,000        410,863   

Kakaku.com, Inc.

    49,200        799,882   

Kusuri No Aoki Co., Ltd.

    7,400        478,407   

Paramount Bed Holdings Co., Ltd.

    25,400        794,117   

Rohto Pharmaceutical Co., Ltd.

    44,000        776,962   

Sanwa Holdings Corp.

    124,000        803,805   

Tachi-S Co., Ltd.

    33,500        550,561   

Takata Corp.

    24,200        606,809   

Takuma Co., Ltd.

    106,000        756,892   

THK Co., Ltd.

    32,200        721,838   

Tokyo Tatemono Co., Ltd.

    63,000        539,806   

Tsukui Corp.

    66,400        648,135   

United Arrows Ltd.

    20,000        741,237   

Yamaha Motor Co., Ltd.

    47,200        753,023   
   

 

 

 
      17,038,150   
   

 

 

 

Korea (Republic of)—0.4%

  

Duksan Hi-Metal Co., Ltd. (d)

    17,600        300,849   

Grand Korea Leisure Co., Ltd.

    10,070        415,104   
   

 

 

 
      715,953   
   

 

 

 

Monaco—0.3%

  

Scorpio Tankers, Inc.

    64,993        647,980   
   

 

 

 

Netherlands—0.7%

  

Delta Lloyd NV

    49,048        1,359,702   
   

 

 

 

New Zealand—0.2%

  

Metlifecare Ltd.

    80,727        285,001   
   

 

 

 

Philippines—0.3%

  

Century Properties Group, Inc.

    5,693,000        180,687   

Cosco Capital, Inc. (d)

    1,866,600        396,044   
   

 

 

 
      576,731   
   

 

 

 
 


Table of Contents

Schedule of Investments

AllianzGI Global Small-Cap Fund

March 31, 2014 (unaudited) (continued)

 

    Shares     Value*  

Spain—1.3%

  

Gamesa Corp. Tecnologica S.A. (d)

    111,907      $ 1,216,684   

Melia Hotels International S.A.

    90,886        1,170,667   
   

 

 

 
      2,387,351   
   

 

 

 

Sweden—2.6%

  

Axis Communications AB

    31,840        1,092,328   

Betsson AB (d)

    37,439        1,364,016   

JM AB

    22,534        739,988   

Nibe Industrier AB, Class B

    31,376        807,148   

Trelleborg AB, Class B (c)

    49,105        991,058   
   

 

 

 
      4,994,538   
   

 

 

 

Switzerland—1.3%

  

Burckhardt Compression Holding AG (c)

    2,472        1,286,262   

Georg Fischer AG (d)

    1,604        1,244,599   
   

 

 

 
      2,530,861   
   

 

 

 

Taiwan—0.8%

  

Chipbond Technology Corp.

    165,000        292,085   

GeoVision, Inc.

    77,000        517,236   

Hermes Microvision, Inc.

    13,000        521,922   

Hermes Microvision, Inc. GDR (a)(d)

    2,980        119,319   
   

 

 

 
      1,450,562   
   

 

 

 

United Kingdom—7.5%

  

Aveva Group PLC (c)

    20,220        706,303   

Barratt Developments PLC

    180,702        1,245,523   

Booker Group PLC

    309,591        852,797   

Elementis PLC

    207,775        995,015   

Hikma Pharmaceuticals PLC

    64,146        1,775,992   

IG Group Holdings PLC

    107,346        1,123,906   

Michael Page International PLC

    171,625        1,408,456   

Restaurant Group PLC

    132,431        1,574,844   

Rotork PLC

    26,683        1,179,389   

Spectris PLC (c)

    16,754        648,148   

Spirax-Sarco Engineering PLC

    30,264        1,460,039   

Victrex PLC

    39,852        1,338,572   
   

 

 

 
      14,308,984   
   

 

 

 

United States—55.8%

  

Acadia Healthcare Co., Inc. (d)

    37,377        1,686,450   

Advanced Energy Industries, Inc. (d)

    37,984        930,608   

Air Lease Corp.

    39,557        1,475,080   

American Axle & Manufacturing Holdings, Inc. (d)

    53,347        987,986   

Arkansas Best Corp.

    27,700        1,023,515   

ARRIS Group, Inc. (d)

    47,434        1,336,690   

Arthur J Gallagher & Co.

    22,496        1,070,360   

Aspen Technology, Inc. (d)

    41,605        1,762,388   

Auxilium Pharmaceuticals, Inc. (d)

    27,225        739,975   

Boise Cascade Co. (d)

    33,043        946,351   

Bonanza Creek Energy, Inc. (d)

    21,010        932,844   

Brown & Brown, Inc.

    36,892        1,134,798   

Cadence Design Systems, Inc. (d)

    72,953        1,133,690   

Carrizo Oil & Gas, Inc. (d)

    21,166        1,131,534   
    Shares     Value*  

Cathay General Bancorp

    50,805      $ 1,279,778   

Cheesecake Factory, Inc.

    21,581        1,027,903   

Chemtura Corp. (d)

    36,168        914,689   

Cogent Communications Group, Inc.

    30,316        1,077,127   

Cooper Cos., Inc.

    10,261        1,409,451   

Core-Mark Holding Co., Inc.

    18,104        1,314,350   

Cubist Pharmaceuticals, Inc. (d)

    14,635        1,070,550   

Curtiss-Wright Corp.

    18,021        1,145,054   

Deckers Outdoor Corp. (d)

    9,579        763,734   

EchoStar Corp., Class A (d)

    24,433        1,162,033   

Electronics for Imaging, Inc. (d)

    36,168        1,566,436   

EverBank Financial Corp.

    74,678        1,473,397   

ExamWorks Group, Inc. (d)

    50,420        1,765,204   

Extreme Networks, Inc. (d)

    174,724        1,013,399   

First Financial Holdings, Inc.

    23,407        1,465,746   

FirstMerit Corp.

    55,916        1,164,730   

FleetCor Technologies, Inc. (d)

    4,429        509,778   

Fluidigm Corp. (d)

    11,768        518,616   

Fortress Investment Group LLC, Class A

    144,362        1,068,279   

Fortune Brands Home & Security, Inc.

    29,727        1,250,912   

Freescale Semiconductor Ltd. (d)

    38,913        949,866   

Genesee & Wyoming, Inc., Class A (d)

    9,249        900,113   

Gentherm, Inc. (d)

    42,942        1,490,946   

Genworth Financial, Inc., Class A (d)

    65,877        1,167,999   

Global Eagle Entertainment, Inc. (d)

    67,972        1,072,598   

Globus Medical, Inc., Class A (d)

    35,919        955,086   

Goodyear Tire & Rubber Co.

    44,999        1,175,824   

Guidewire Software, Inc. (d)

    23,586        1,156,893   

Hanesbrands, Inc.

    22,256        1,702,139   

Hilltop Holdings, Inc. (d)

    59,637        1,418,764   

Jarden Corp. (d)

    19,953        1,193,788   

KapStone Paper and Packaging Corp. (d)

    33,036        952,758   

Kraton Performance Polymers, Inc. (d)

    30,804        805,217   

Lear Corp.

    15,240        1,275,893   

Ligand Pharmaceuticals, Inc., Class B (d)

    13,062        878,550   

Lions Gate Entertainment Corp.

    32,908        879,631   

Macquarie Infrastructure Co. LLC

    22,981        1,316,122   

Marriott Vacations Worldwide Corp. (d)

    27,581        1,542,054   

Matador Resources Co. (d)

    45,362        1,110,915   

MAXIMUS, Inc.

    24,293        1,089,784   

Mentor Graphics Corp. (c)

    37,555        826,961   

Middleby Corp. (d)

    5,801        1,532,682   

NPS Pharmaceuticals, Inc. (d)

    34,613        1,035,967   

Oasis Petroleum, Inc. (d)

    17,653        736,660   

On Assignment, Inc. (d)

    29,031        1,120,306   

PAREXEL International Corp. (d)

    18,951        1,025,060   

Parker Drilling Co. (d)

    119,278        845,681   

Penn Virginia Corp. (d)

    43,151        754,711   

Polaris Industries, Inc.

    7,381        1,031,199   

Portfolio Recovery Associates, Inc. (d)

    19,374        1,120,980   
 


Table of Contents

Schedule of Investments

AllianzGI Global Small-Cap Fund

March 31, 2014 (unaudited) (continued)

 

   

 

 

 

Shares

    Value*  

Primoris Services Corp.

    47,782      $ 1,432,504   

PrivateBancorp, Inc.

    51,490        1,570,960   

Roadrunner Transportation Systems, Inc. (d)

    33,761        852,128   

Ryder System, Inc.

    19,593        1,565,873   

Salix Pharmaceuticals Ltd. (d)

    12,457        1,290,670   

Sanchez Energy Corp. (d)

    34,355        1,017,939   

Six Flags Entertainment Corp.

    34,112        1,369,597   

Spirit Airlines, Inc. (d)

    14,914        885,892   

Sterling Financial Corp.

    27,198        906,509   

SunEdison, Inc. (d)

    76,012        1,432,066   

Swift Transportation Co. (d)

    50,443        1,248,464   

Synaptics, Inc. (d)

    20,078        1,205,082   

Team Health Holdings, Inc. (d)

    23,732        1,062,007   

Tetra Tech, Inc. (d)

    32,459        960,462   

Tower International, Inc. (d)

    51,048        1,389,527   

Trimas Corp. (d)

    28,854        957,953   

Tutor Perini Corp. (d)

    45,240        1,297,031   

Ubiquiti Networks, Inc. (d)

    20,563        935,000   

Ultimate Software Group, Inc. (d)

    7,854        1,075,998   

United Rentals, Inc. (d)

    17,900        1,699,426   

Verint Systems, Inc. (d)

    21,429        1,005,663   

Vonage Holdings Corp. (d)

    237,326        1,013,382   

Wabash National Corp. (d)

    64,497        887,479   

WageWorks, Inc. (d)

    22,500        1,262,475   

Web.com Group, Inc. (d)

    36,553        1,243,899   

Western Alliance Bancorp (d)

    62,346        1,533,712   

WEX, Inc. (d)

    12,051        1,145,448   

Worthington Industries, Inc.

    24,433        934,562   

XPO Logistics, Inc. (d)

    33,704        991,235   
   

 

 

 
      106,491,525   
   

 

 

 

Total Common Stock
(cost—$144,743,649)

   

    181,444,492   
   

 

 

 
    Principal
Amount
(000s)
    Value*  

Repurchase Agreements—6.8%

  

State Street Bank and Trust Co., dated 3/31/14, 0.00%, due 4/1/14, proceeds $13,068,000; collateralized by U.S. Treasury Notes, 0.75%, due 3/31/18, valued at $13,333,100 including accrued interest
(cost—$13,068,000)

  $ 13,068      $ 13,068,000   
   

 

 

 

Total Investments
(cost—$157,811,649) (b)—101.9%

   

    194,512,492   
   

 

 

 

Liabilities in excess of other assets—(1.9)%

  

    (3,612,548
   

 

 

 

Net Assets—100.0%

  

  $ 190,899,944   
   

 

 

 

 

Notes to Schedule of Investments:

 

(a) 144A—Exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, typically only to qualified institutional buyers. Unless otherwise indicated, these securities are not considered to be illiquid.
(b) Securities with an aggregate value of $67,641,842, representing 35.4% of net assets, were valued utilizing modeling tools provided by a third-party vendor.
(c) Affiliated security.
(d) Non-income producing.

Glossary:

GDR—Global Depositary Receipt

 


Table of Contents

Schedule of Investments

AllianzGI Global Small-Cap Fund

March 31, 2014 (unaudited) (continued)

 

The industry classification of portfolio holdings and liabilities in excess of other assets shown as a percentage of net assets were as follows:

 

Machinery

     6.3

Hotels, Restaurants & Leisure

     5.2

Software

     4.8

Banks

     4.7

Auto Components

     4.6

Insurance

     4.3

Oil, Gas & Consumable Fuels

     3.3

IT Services

     3.3

Road & Rail

     3.2

Semiconductors & Semiconductor Equipment

     3.0

Pharmaceuticals

     3.0

Health Care Providers & Services

     2.9

Chemicals

     2.7

Health Care Equipment & Supplies

     2.6

Communications Equipment

     2.3

Trading Companies & Distributors

     2.2

Building Products

     2.1

Professional Services

     2.0

Household Durables

     2.0

Electronic Equipment, Instruments & Components

     1.8

Construction & Engineering

     1.6

Internet Software & Services

     1.6

Life Sciences Tools & Services

     1.6

Biotechnology

     1.6

Electrical Equipment

     1.5

Thrifts & Mortgage Finance

     1.4

Textiles, Apparel & Luxury Goods

     1.3

Leisure Equipment & Products

     1.2

Transportation Infrastructure

     1.2

Energy Equipment & Services

     1.1

Diversified Telecommunication Services

     1.1

Specialty Retail

     1.0

Paper & Forest Products

     1.0

Capital Markets

     1.0

Food & Staples Retailing

     0.9

Metals & Mining

     0.8

Technology Hardware, Storage & Peripherals

     0.8

Media

     0.8

Commercial Services & Supplies

     0.8

Distributors

     0.7

Aerospace & Defense

     0.6

Diversified Financial Services

     0.6

Consumer Finance

     0.6

Food Products

     0.5

Air Freight & Logistics

     0.5

Multi-line Retail

     0.5

Diversified Consumer Services

     0.5

Airlines

     0.5

Beverages

     0.4

Automobiles

     0.4

Real Estate Management & Development

     0.4

Internet & Catalog Retail

     0.3

Repurchase Agreements

     6.8

Liabilities in excess of other assets

     (1.9 )% 
  

 

 

 
     100.0
  

 

 

 
 


Table of Contents

Schedule of Investments

AllianzGI Income & Growth Fund

March 31, 2014 (unaudited)

 

    Shares     Value*  

COMMON STOCK—33.3%

  

Aerospace & Defense—1.5%

  

Boeing Co.

    137,200      $ 17,217,228   

L-3 Communications Holdings,
Inc. (e)

    119,700        14,142,555   
   

 

 

 
      31,359,783   
   

 

 

 

Auto Components—0.8%

  

Johnson Controls, Inc.

    338,400        16,013,088   
   

 

 

 

Automobiles—1.2%

  

Ford Motor Co.

    906,700        14,144,520   

General Motors Co.

    305,640        10,520,129   
   

 

 

 
      24,664,649   
   

 

 

 

Beverages—1.0%

  

Coca-Cola Co.

    243,000        9,394,380   

PepsiCo, Inc.

    136,200        11,372,700   
   

 

 

 
      20,767,080   
   

 

 

 

Biotechnology—1.6%

  

Amgen, Inc. (e)

    135,400        16,700,236   

Gilead Sciences, Inc. (g)

    232,800        16,496,208   
   

 

 

 
      33,196,444   
   

 

 

 

Chemicals—0.8%

  

Monsanto Co.

    150,100        17,076,877   
   

 

 

 

Communications Equipment—1.5%

  

Harris Corp. (e)

    188,100        13,761,396   

QUALCOMM, Inc. (e)

    222,200        17,522,692   
   

 

 

 
      31,284,088   
   

 

 

 

Construction & Engineering—0.8%

  

Fluor Corp. (e)

    209,800        16,307,754   
   

 

 

 

Diversified Telecommunication Services—0.5%

  

Verizon Communications, Inc.

    246,300        11,716,491   
   

 

 

 

Electronic Equipment, Instruments & Components—0.8%

  

Amphenol Corp., Class A

    188,100        17,239,365   
   

 

 

 

Energy Equipment & Services—1.1%

  

Diamond Offshore Drilling, Inc.

    110,600        5,392,856   

National Oilwell Varco, Inc.

    93,000        7,241,910   

Schlumberger Ltd.

    108,200        10,549,500   
   

 

 

 
      23,184,266   
   

 

 

 

Food & Staples Retailing—2.3%

  

Costco Wholesale Corp.

    134,000        14,965,120   

Kroger Co. (e)

    394,000        17,198,100   

Walgreen Co. (e)

    261,400        17,260,242   
   

 

 

 
      49,423,462   
   

 

 

 

Health Care Equipment & Supplies—0.5%

  

Baxter International, Inc.

    154,900        11,397,542   
   

 

 

 

Health Care Providers & Services—0.8%

  

McKesson Corp. (e)

    98,600        17,409,802   
   

 

 

 
    Shares     Value*  

Hotels, Restaurants & Leisure—1.3%

  

McDonald’s Corp.

    112,900      $ 11,067,587   

Starbucks Corp.

    236,700        17,369,046   
   

 

 

 
      28,436,633   
   

 

 

 

Household Products—0.7%

  

Procter & Gamble Co.

    174,200        14,040,520   
   

 

 

 

Industrial Conglomerates—0.7%

  

General Electric Co.

    603,100        15,614,259   
   

 

 

 

Insurance—0.7%

  

Prudential Financial, Inc.

    182,400        15,440,160   
   

 

 

 

Internet & Catalog Retail—0.8%

  

Amazon.com, Inc. (g)

    52,300        17,599,996   
   

 

 

 

Internet Software & Services—1.0%

  

Google, Inc., Class A (e)(g)

    18,800        20,952,788   
   

 

 

 

IT Services—1.5%

  

International Business Machines Corp.

    79,500        15,302,955   

Unisys Corp. (g)

    30,110        917,150   

Visa, Inc., Class A

    77,100        16,642,806   
   

 

 

 
      32,862,911   
   

 

 

 

Machinery—1.6%

  

AGCO Corp.

    208,700        11,511,892   

Deere & Co.

    126,038        11,444,250   

Joy Global, Inc. (e)

    180,600        10,474,800   
   

 

 

 
      33,430,942   
   

 

 

 

Media—0.8%

  

Comcast Corp., Class A (e)

    342,400        17,126,848   
   

 

 

 

Metals & Mining—0.5%

  

Alcoa, Inc.

    384,839        4,952,878   

Freeport-McMoRan Copper & Gold, Inc.

    191,900        6,346,133   
   

 

 

 
      11,299,011   
   

 

 

 

Multi-line Retail—0.5%

  

Target Corp.

    160,900        9,736,059   
   

 

 

 

Oil, Gas & Consumable Fuels—1.0%

  

Apache Corp.

    11,404        945,962   

Occidental Petroleum Corp.

    67,500        6,432,075   

Peabody Energy Corp.

    245,600        4,013,104   

Valero Energy Corp. (e)

    191,600        10,173,960   
   

 

 

 
      21,565,101   
   

 

 

 

Pharmaceuticals—0.8%

  

Bristol-Myers Squibb Co.

    312,800        16,249,960   
   

 

 

 

Semiconductors & Semiconductor Equipment—1.7%

  

Intel Corp. (e)

    615,000        15,873,150   

Teradyne, Inc. (g)

    179,458        3,569,420   

Texas Instruments, Inc.

    366,000        17,256,900   
   

 

 

 
      36,699,470   
   

 

 

 
 


Table of Contents

Schedule of Investments

AllianzGI Income & Growth Fund

March 31, 2014 (unaudited) (continued)

 

        
    
Shares
    Value*  

Software—1.9%

  

Microsoft Corp. (e)

    534,600      $ 21,913,254   

Oracle Corp. (e)

    447,500        18,307,225   
   

 

 

 
      40,220,479   
   

 

 

 

Specialty Retail—0.8%

  

Home Depot, Inc.

    220,300        17,432,339   
   

 

 

 

Technology Hardware, Storage & Peripherals—1.8%

  

Apple, Inc. (e)

    38,200        20,503,468   

EMC Corp. (e)

    620,300        17,002,423   
   

 

 

 
      37,505,891   
   

 

 

 

Total Common Stock
(cost—$750,831,181)

   

    707,254,058   
   

 

 

 
    Principal
Amount
(000s)
       

CORPORATE BONDS & NOTES—31.0%

  

Aerospace & Defense—0.8%

  

AAR Corp.,

   

7.25%, 1/15/22

  $ 5,530        6,013,875   

Erickson Air-Crane, Inc. (a)(b),

   

8.25%, 5/1/20

    4,046        4,268,530   

Kratos Defense & Security Solutions, Inc.,

   

10.00%, 6/1/17

    2,000        2,120,000   

TransDigm, Inc.,

   

7.75%, 12/15/18

    3,875        4,175,312   
   

 

 

 
      16,577,717   
   

 

 

 

Apparel & Textiles—0.2%

  

Quiksilver, Inc.,

   

7.875%, 8/1/18 (a)(b)

    3,100        3,386,750   

10.00%, 8/1/20

    1,000        1,142,500   
   

 

 

 
      4,529,250   
   

 

 

 

Auto Components—1.0%

  

American Axle & Manufacturing, Inc.,

   

6.625%, 10/15/22

    3,140        3,418,675   

Chassix, Inc. (a)(b),

   

9.25%, 8/1/18

    4,145        4,476,600   

Commercial Vehicle Group, Inc.,

   

7.875%, 4/15/19

    3,485        3,593,906   

Cooper-Standard Automotive, Inc.,

   

8.50%, 5/1/18

    4,480        4,704,045   

Goodyear Tire & Rubber Co.,

   

8.25%, 8/15/20

    4,845        5,420,344   
   

 

 

 
      21,613,570   
   

 

 

 

Auto Manufacturers—0.8%

  

Chrysler Group LLC,

   

8.25%, 6/15/21

    5,520        6,272,100   

Jaguar Land Rover Automotive PLC (a)(b),

  

7.75%, 5/15/18

    6,000        6,397,500   

Navistar International Corp.,

   

8.25%, 11/1/21

    4,683        4,794,221   
   

 

 

 
      17,463,821   
   

 

 

 
    Principal
Amount
(000s)
    Value*  

Banking—0.2%

  

Ally Financial, Inc.,

   

8.00%, 3/15/20

  $ 2,995      $ 3,623,950   
   

 

 

 

Building Materials—0.3%

  

Louisiana-Pacific Corp.,

   

7.50%, 6/1/20

    6,035        6,713,938   
   

 

 

 

Chemicals—0.2%

  

Omnova Solutions, Inc.,

   

7.875%, 11/1/18

    4,520        4,847,700   
   

 

 

 

Coal—0.2%

  

Arch Coal, Inc.,

   

9.875%, 6/15/19

    3,930        3,438,750   
   

 

 

 

Commercial Services—3.3%

  

Avis Budget Car Rental LLC,

   

9.75%, 3/15/20

    610        705,313   

Cardtronics, Inc.,

   

8.25%, 9/1/18

    3,600        3,843,000   

Cenveo Corp.,

   

11.50%, 5/15/17

    4,205        4,194,487   

Deluxe Corp.,

   

7.00%, 3/15/19

    2,465        2,662,200   

Envision Healthcare Corp.,

   

8.125%, 6/1/19

    2,489        2,667,897   

ExamWorks Group, Inc.,

   

9.00%, 7/15/19

    4,595        5,077,475   

H&E Equipment Services, Inc.,

   

7.00%, 9/1/22

    4,190        4,629,950   

Harland Clarke Holdings Corp. (a)(b),

   

6.875%, 3/1/20

    2,500        2,546,875   

9.25%, 3/1/21

    2,395        2,415,956   

9.75%, 8/1/18

    4,190        4,619,475   

Hertz Corp.,

   

6.75%, 4/15/19

    3,795        4,084,369   

Interactive Data Corp.,

   

10.25%, 8/1/18

    6,660        7,234,425   

Monitronics International, Inc.,

   

9.125%, 4/1/20

    6,210        6,675,750   

RR Donnelley & Sons Co.,

   

6.00%, 4/1/24

    1,195        1,206,950   

7.00%, 2/15/22

    5,500        6,077,500   

SFX Entertainment, Inc. (a)(b),

  

9.625%, 2/1/19

    3,668        3,869,740   

United Rentals North America, Inc.,

   

8.25%, 2/1/21

    4,000        4,495,000   

8.375%, 9/15/20

    3,725        4,144,062   
   

 

 

 
      71,150,424   
   

 

 

 

Computers—0.3%

  

j2 Global, Inc.,

   

8.00%, 8/1/20

    4,410        4,828,950   

Unisys Corp.,

   

6.25%, 8/15/17

    2,505        2,746,106   
   

 

 

 
      7,575,056   
   

 

 

 
 


Table of Contents

Schedule of Investments

AllianzGI Income & Growth Fund

March 31, 2014 (unaudited) (continued)

 

    Principal
Amount
(000s)
    Value*  

Distribution/Wholesale—0.3%

  

HD Supply, Inc.,

   

11.00%, 4/15/20

  $ 5,380      $ 6,415,650   
   

 

 

 

Diversified Financial Services—1.8%

  

Affinion Investments LLC (a)(b),

   

13.50%, 8/15/18

    3,876        3,953,010   

Aircastle Ltd.,

   

9.75%, 8/1/18

    4,265        4,597,883   

Community Choice Financial, Inc.,

   

10.75%, 5/1/19

    4,035        3,429,750   

International Lease Finance Corp.,

   

8.25%, 12/15/20

    3,805        4,613,228   

8.75%, 3/15/17

    4,035        4,751,212   

Nationstar Mortgage LLC,

   

7.875%, 10/1/20

    2,605        2,644,075   

9.625%, 5/1/19

    2,760        3,063,600   

SLM Corp.,

   

8.45%, 6/15/18

    3,920        4,630,500   

Springleaf Finance Corp.,

   

6.90%, 12/15/17

    2,030        2,238,075   

8.25%, 10/1/23

    4,360        4,883,200   
   

 

 

 
      38,804,533   
   

 

 

 

Electric Utilities—0.1%

  

Calpine Corp. (a)(b),

   

7.875%, 1/15/23

    1,000        1,125,000   
   

 

 

 

Electrical Equipment—0.2%

  

WireCo WorldGroup, Inc.,

   

9.50%, 5/15/17

    4,815        4,962,459   
   

 

 

 

Electronics—0.4%

  

Kemet Corp.,

   

10.50%, 5/1/18

    3,065        3,225,913   

Viasystems, Inc. (a)(b),

   

7.875%, 5/1/19

    4,155        4,497,787   
   

 

 

 
      7,723,700   
   

 

 

 

Engineering & Construction—0.1%

  

Dycom Investments, Inc.,

   

7.125%, 1/15/21

    2,405        2,606,419   
   

 

 

 

Entertainment—0.3%

  

AMC Entertainment, Inc.,

   

9.75%, 12/1/20

    5,000        5,787,500   
   

 

 

 

Food & Beverage—1.1%

  

Post Holdings, Inc.,

   

7.375%, 2/15/22 (a)(b)

    4,900        5,292,000   

7.375%, 2/15/22

    4,000        4,320,000   

SUPERVALU, Inc.,

   

6.75%, 6/1/21

    1,560        1,589,250   

8.00%, 5/1/16

    5,365        5,941,737   

U.S. Foods, Inc.,

8.50%, 6/30/19

    6,000        6,499,500   
   

 

 

 
      23,642,487   
   

 

 

 
    Principal
Amount
(000s)
    Value*  

Healthcare-Products—0.3%

  

Kinetic Concepts, Inc.,

   

10.50%, 11/1/18

  $ 5,655      $ 6,531,525   
   

 

 

 

Healthcare-Services—1.6%

  

Community Health Systems, Inc.,

   

6.875%, 2/1/22 (a)(b)

    2,500        2,625,000   

7.125%, 7/15/20

    4,970        5,398,662   

8.00%, 11/15/19

    5,250        5,794,687   

HCA, Inc.,

   

7.50%, 2/15/22

    6,000        6,870,000   

Kindred Healthcare, Inc.,

   

6.375%, 4/15/22 (a)(b)(c)

    2,553        2,572,148   

8.25%, 6/1/19

    5,000        5,371,875   

Tenet Healthcare Corp.,

   

8.125%, 4/1/22

    5,005        5,605,600   
   

 

 

 
      34,237,972   
   

 

 

 

Home Builders—1.0%

  

Beazer Homes USA, Inc.,

   

7.25%, 2/1/23

    2,810        2,950,500   

9.125%, 5/15/19

    3,255        3,523,537   

Brookfield Residential Properties,
Inc. (a)(b),

   

6.50%, 12/15/20

    4,940        5,285,800   

KB Home,

   

8.00%, 3/15/20

    3,695        4,212,300   

Standard Pacific Corp.,

   

8.375%, 5/15/18

    4,650        5,521,875   

William Lyon Homes, Inc.,

   

8.50%, 11/15/20

    785        877,238   
   

 

 

 
      22,371,250   
   

 

 

 

Household Products/Wares—0.4%

  

Jarden Corp.,

   

7.50%, 5/1/17

    3,190        3,688,438   

7.50%, 1/15/20

    1,000        1,091,250   

Reynolds Group Issuer, Inc.,

   

9.875%, 8/15/19

    3,585        4,024,162   
   

 

 

 
      8,803,850   
   

 

 

 

Internet—0.4%

  

Mood Media Corp. (a)(b),

   

9.25%, 10/15/20

    1,910        1,838,375   

Zayo Group LLC,

   

8.125%, 1/1/20

    5,340        5,880,675   
   

 

 

 
      7,719,050   
   

 

 

 

Iron/Steel—0.5%

  

AK Steel Corp.,

   

8.375%, 4/1/22

    1,405        1,422,563   

8.75%, 12/1/18

    1,315        1,481,019   

ArcelorMittal,

   

10.35%, 6/1/19

    5,385        6,845,681   
   

 

 

 
      9,749,263   
   

 

 

 
 


Table of Contents

Schedule of Investments

AllianzGI Income & Growth Fund

March 31, 2014 (unaudited) (continued)

 

    Principal
Amount
(000s)
    Value*  

Lodging—0.9%

  

Caesars Entertainment Operating Co., Inc.,

  

11.25%, 6/1/17

  $ 3,695      $ 3,565,675   

12.75%, 4/15/18

    3,110        1,601,650   

MGM Resorts International,

   

6.625%, 12/15/21

    2,500        2,753,125   

11.375%, 3/1/18

    5,000        6,487,500   

Wynn Las Vegas LLC,

   

7.75%, 8/15/20

    3,750        4,190,625   
   

 

 

 
      18,598,575   
   

 

 

 

Machinery-Construction & Mining—0.2%

  

BlueLine Rental Finance Corp. (a)(b),

  

7.00%, 2/1/19

    3,300        3,498,000   
   

 

 

 

Media—2.2%

  

American Media, Inc.,

   

11.50%, 12/15/17

    4,700        5,134,750   

Cablevision Systems Corp.,

   

8.625%, 9/15/17

    4,020        4,783,800   

Cambium Learning Group, Inc.,

   

9.75%, 2/15/17

    1,205        1,223,075   

Clear Channel Worldwide Holdings, Inc.,

  

6.50%, 11/15/22

    4,610        4,949,987   

Columbus International, Inc. (a)(b),

   

7.375%, 3/30/21

    4,750        4,898,438   

Gray Television, Inc.,

   

7.50%, 10/1/20

    2,945        3,210,050   

McClatchy Co.,

   

9.00%, 12/15/22

    5,735        6,702,781   

McGraw-Hill Global Education Holdings LLC (a)(b),

  

9.75%, 4/1/21

    4,935        5,625,900   

Mediacom Broadband LLC,

   

6.375%, 4/1/23

    2,700        2,875,500   

Nexstar Broadcasting, Inc.,

   

6.875%, 11/15/20

    3,220        3,477,600   

Sinclair Television Group, Inc.,

   

6.375%, 11/1/21

    3,125        3,265,625   
   

 

 

 
      46,147,506   
   

 

 

 

Mining—0.1%

  

Thompson Creek Metals Co., Inc.,

   

7.375%, 6/1/18

    2,595        2,393,888   
   

 

 

 

Miscellaneous Manufacturing—0.4%

  

Bombardier, Inc. (a)(b),

   

6.00%, 10/15/22

    4,725        4,725,000   

Park-Ohio Industries, Inc.,

   

8.125%, 4/1/21

    3,795        4,250,400   
   

 

 

 
      8,975,400   
   

 

 

 

Oil & Gas—3.7%

  

BreitBurn Energy Partners L.P.,

   

7.875%, 4/15/22

    1,870        2,033,625   

8.625%, 10/15/20

    3,025        3,323,719   

Calumet Specialty Products Partners L.P. (a)(b),

  

6.50%, 4/15/21

    2,040        2,060,400   
    Principal
Amount
(000s)
    Value*  

Carrizo Oil & Gas, Inc.,

   

8.625%, 10/15/18

  $ 4,995      $ 5,382,112   

Chesapeake Energy Corp.,

   

6.625%, 8/15/20

    3,625        4,087,187   

Concho Resources, Inc.,

   

7.00%, 1/15/21

    3,170        3,510,775   

CVR Refining LLC,

   

6.50%, 11/1/22

    3,375        3,569,063   

Endeavour International Corp.,

   

12.00%, 3/1/18

    4,035        3,964,387   

Energy XXI Gulf Coast, Inc.,

   

9.25%, 12/15/17

    5,790        6,325,575   

EP Energy LLC,

   

9.375%, 5/1/20

    4,685        5,440,456   

Hercules Offshore, Inc. (a)(b),

   

6.75%, 4/1/22

    4,295        4,171,519   

8.75%, 7/15/21

    6,590        7,183,100   

Laredo Petroleum, Inc.,

   

7.375%, 5/1/22

    2,665        2,971,475   

9.50%, 2/15/19

    4,000        4,435,000   

Northern Oil and Gas, Inc.,

   

8.00%, 6/1/20

    3,360        3,586,800   

Pioneer Energy Services Corp.,

   

6.125%, 3/15/22 (a)(b)

    1,305        1,331,100   

9.875%, 3/15/18

    2,000        2,110,100   

Plains Exploration & Production Co.,

   

6.50%, 11/15/20

    5,011        5,543,419   

United Refining Co.,

   

10.50%, 2/28/18

    2,048        2,283,520   

Vanguard Natural Resources LLC,

   

7.875%, 4/1/20

    5,030        5,444,975   
   

 

 

 
      78,758,307   
   

 

 

 

Pharmaceuticals—0.4%

  

Endo Health Solutions, Inc.,

   

7.00%, 12/15/20

    4,000        4,330,000   

Salix Pharmaceuticals Ltd. (a)(b),

   

6.00%, 1/15/21

    4,340        4,643,800   
   

 

 

 
      8,973,800   
   

 

 

 

Pipelines—0.1%

  

Tesoro Logistics L.P.,

   

6.125%, 10/15/21

    1,910        2,034,150   
   

 

 

 

Real Estate—0.1%

  

Kennedy-Wilson, Inc.,

   

5.875%, 4/1/24

    1,133        1,135,833   
   

 

 

 

Real Estate Investment Trust—0.2%

  

iStar Financial, Inc.,

   

7.125%, 2/15/18

    3,805        4,290,138   
   

 

 

 

Retail—1.7%

  

Brown Shoe Co., Inc.,

   

7.125%, 5/15/19

    4,172        4,432,750   

Claire’s Stores, Inc. (a)(b),

   

9.00%, 3/15/19

    3,930        4,101,937   
 


Table of Contents

Schedule of Investments

AllianzGI Income & Growth Fund

March 31, 2014 (unaudited) (continued)

 

    Principal
Amount
(000s)
    Value*  

DineEquity, Inc.,

   

9.50%, 10/30/18

  $ 5,500      $ 6,022,500   

Kate Spade & Co.,

   

10.50%, 4/15/19

    4,500        4,758,750   

Neiman Marcus Group LTD, Inc. (a)(b),

  

8.00%, 10/15/21

    1,790        1,975,713   

Rite Aid Corp.,

   

8.00%, 8/15/20

    4,500        5,017,500   

10.25%, 10/15/19

    3,110        3,436,550   

Sonic Automotive, Inc.,

   

7.00%, 7/15/22

    3,340        3,699,050   

Toys R Us, Inc.,

   

10.375%, 8/15/17

    3,020        2,536,800   
   

 

 

 
      35,981,550   
   

 

 

 

Semiconductors—0.8%

  

Advanced Micro Devices, Inc.,

   

6.75%, 3/1/19 (a)(b)

    2,515        2,530,719   

8.125%, 12/15/17

    3,860        4,062,650   

Freescale Semiconductor, Inc. (a)(b),

   

6.00%, 1/15/22

    6,500        6,914,375   

Micron Technology, Inc. (a)(b),

   

5.875%, 2/15/22

    3,395        3,564,750   
   

 

 

 
      17,072,494   
   

 

 

 

Software—0.6%

  

Activision Blizzard, Inc. (a)(b),

   

6.125%, 9/15/23

    3,295        3,595,669   

BCP Singapore VI Cayman Financing Co., Ltd. (a)(b),

  

8.00%, 4/15/21

    585        596,700   

First Data Corp.,

   

10.625%, 6/15/21

    5,000        5,650,000   

12.625%, 1/15/21

    1,885        2,252,575   
   

 

 

 
      12,094,944   
   

 

 

 

Telecommunications—3.5%

  

Cincinnati Bell, Inc.,

   

8.75%, 3/15/18

    4,510        4,727,044   

Consolidated Communications Finance Co.,

  

10.875%, 6/1/20

    4,105        4,787,456   

Cricket Communications, Inc.,

   

7.75%, 10/15/20

    4,980        5,700,855   

EarthLink, Inc.,

   

7.375%, 6/1/20

    3,620        3,782,900   

8.875%, 5/15/19

    4,500        4,533,750   

Hughes Satellite Systems Corp.,

   

7.625%, 6/15/21

    3,890        4,405,425   

Intelsat Jackson Holdings S.A.,

   

7.25%, 4/1/19

    4,005        4,325,400   

Level 3 Financing, Inc.,

   

8.625%, 7/15/20

    5,000        5,631,250   

MetroPCS Wireless, Inc.,

   

6.625%, 11/15/20

    3,205        3,433,356   

NII Capital Corp.,

   

8.875%, 12/15/19

    275        124,438   
    Principal
Amount
(000s)
    Value*  

NII International Telecom SCA (a)(b),

  

7.875%, 8/15/19

  $ 1,115      $ 763,775   

11.375%, 8/15/19

    3,500        2,485,000   

Sprint Communications, Inc.,

   

6.00%, 11/15/22

    3,925        4,018,219   

11.50%, 11/15/21

    4,360        5,820,600   

T-Mobile USA, Inc.,

   

6.836%, 4/28/23

    2,305        2,480,756   

West Corp.,

   

7.875%, 1/15/19

    5,000        5,387,500   

8.625%, 10/1/18

    5,870        6,324,925   

Windstream Corp.,

   

7.50%, 6/1/22

    2,500        2,650,000   

7.875%, 11/1/17

    3,000        3,457,500   
   

 

 

 
      74,840,149   
   

 

 

 

Transportation—0.3%

  

Quality Distribution LLC,

   

9.875%, 11/1/18

    2,350        2,579,125   

Swift Services Holdings, Inc.,

   

10.00%, 11/15/18

    4,005        4,420,519   
   

 

 

 
      6,999,644   
   

 

 

 

Total Corporate Bonds & Notes
(cost—$642,015,707)

   

    659,809,212   
   

 

 

 

CONVERTIBLE BONDS—27.6%

  

Aerospace & Defense—0.1%

  

Alliant Techsystems, Inc.,

   

3.00%, 8/15/24

    840        1,566,600   
   

 

 

 

Airlines—0.3%

  

United Continental Holdings, Inc.,

   

6.00%, 10/15/29

    1,255        6,512,666   
   

 

 

 

Apparel & Textiles—0.3%

  

Iconix Brand Group, Inc.,

   

1.50%, 3/15/18

    5,030        6,887,956   
   

 

 

 

Auto Manufacturers—1.0%

  

Ford Motor Co.,

   

4.25%, 11/15/16

    3,190        5,791,844   

Navistar International Corp.,

   

3.00%, 10/15/14

    3,380        3,445,487   

Tesla Motors, Inc.,

   

1.25%, 3/1/21

    7,000        6,370,000   

Wabash National Corp.,

   

3.375%, 5/1/18

    4,160        5,798,000   
   

 

 

 
      21,405,331   
   

 

 

 

Biotechnology—2.2%

  

BioMarin Pharmaceutical, Inc.,

   

0.75%, 10/15/18

    4,375        4,815,234   

1.50%, 10/15/20

    4,120        4,593,800   
 


Table of Contents

Schedule of Investments

AllianzGI Income & Growth Fund

March 31, 2014 (unaudited) (continued)

 

    Principal
Amount
(000s)
    Value*  

Cubist Pharmaceuticals, Inc.,

   

1.125%, 9/1/18 (a)(b)

  $ 4,010      $ 4,731,800   

1.875%, 9/1/20 (a)(b)

    4,105        4,961,919   

2.50%, 11/1/17

    490        1,253,175   

Gilead Sciences, Inc.,

   

1.625%, 5/1/16

    2,115        6,582,948   

Illumina, Inc. (a)(b),

   

0.25%, 3/15/16

    4,625        8,414,633   

Medicines Co.,

   

1.375%, 6/1/17

    2,440        2,981,375   

Regeneron Pharmaceuticals, Inc.,

   

1.875%, 10/1/16

    1,600        5,715,000   

Sequenom, Inc.,

   

5.00%, 10/1/17

    1,340        1,190,925   

Theravance, Inc.,

   

2.125%, 1/15/23

    1,360        1,759,500   
   

 

 

 
      47,000,309   
   

 

 

 

Commercial Services—0.1%

  

Cenveo Corp.,

   

7.00%, 5/15/17

    2,540        2,601,913   
   

 

 

 

Computers—0.8%

  

Cadence Design Systems, Inc.,

   

2.625%, 6/1/15

    3,060        6,336,113   

SanDisk Corp. (a)(b),

   

0.50%, 10/15/20

    10,390        11,493,937   
   

 

 

 
      17,830,050   
   

 

 

 

Distribution/Wholesale—0.1%

  

WESCO International, Inc.,

   

6.00%, 9/15/29

    690        2,051,025   
   

 

 

 

Diversified Financial Services—0.4%

  

Air Lease Corp.,

   

3.875%, 12/1/18

    1,700        2,582,937   

Encore Capital Group, Inc. (a)(b),

   

2.875%, 3/15/21

    5,600        5,537,000   
   

 

 

 
      8,119,937   
   

 

 

 

Healthcare-Products—0.9%

  

Cepheid, Inc. (a)(b),

   

1.25%, 2/1/21

    3,625        3,919,531   

NuVasive, Inc.,

   

2.75%, 7/1/17

    4,650        5,545,125   

Teleflex, Inc.,

   

3.875%, 8/1/17

    3,605        6,410,141   

Volcano Corp.,

   

1.75%, 12/1/17

    3,245        3,226,747   
   

 

 

 
      19,101,544   
   

 

 

 

Healthcare-Services—1.5%

  

Brookdale Senior Living, Inc.,

   

2.75%, 6/15/18

    5,725        7,818,203   

LifePoint Hospitals, Inc.,

   

3.50%, 5/15/14

    5,800        6,169,750   
    Principal
Amount
(000s)
    Value*  

Molina Healthcare, Inc.,

   

1.125%, 1/15/20

  $ 7,580      $ 8,532,238   

WellPoint, Inc.,

   

2.75%, 10/15/42

    6,225        9,131,297   
   

 

 

 
      31,651,488   
   

 

 

 

Home Builders—1.1%

  

DR Horton, Inc.,

   

2.00%, 5/15/14

    3,085        5,148,094   

KB Home,

   

1.375%, 2/1/19

    5,375        5,549,687   

Lennar Corp. (a)(b),

   

3.25%, 11/15/21

    3,890        6,936,356   

Ryland Group, Inc.,

   

0.25%, 6/1/19

    1,705        1,615,488   

1.625%, 5/15/18

    2,875        4,104,062   
   

 

 

 
      23,353,687   
   

 

 

 

Household Products/Wares—0.5%

  

Jarden Corp.,

   

1.125%, 3/15/34 (a)(b)

    5,375        5,364,922   

1.875%, 9/15/18

    4,020        5,610,412   
   

 

 

 
      10,975,334   
   

 

 

 

Insurance—1.2%

  

Amtrust Financial Services, Inc.,

   

5.50%, 12/15/21

    3,325        4,879,437   

Fidelity National Financial, Inc.,

   

4.25%, 8/15/18

    5,195        8,217,841   

HCI Group, Inc. (a)(b),

   

3.875%, 3/15/19

    1,500        1,335,938   

MGIC Investment Corp.,

   

5.00%, 5/1/17

    1,655        1,912,559   

Radian Group, Inc.,

   

2.25%, 3/1/19

    5,400        8,278,875   
   

 

 

 
      24,624,650   
   

 

 

 

Internet—2.2%

  

Ctrip.com International Ltd. (a)(b),

   

1.25%, 10/15/18

    4,675        4,657,469   

Dealertrack Technologies, Inc.,

   

1.50%, 3/15/17

    1,395        1,986,131   

priceline.com, Inc.,

   

0.35%, 6/15/20 (a)(b)

    7,425        8,803,266   

1.00%, 3/15/18

    2,995        4,254,772   

Qihoo 360 Technology Co.,
Ltd. (a)(b),

   

2.50%, 9/15/18

    5,095        6,028,022   

SINA Corp. (a)(b),

   

1.00%, 12/1/18

    6,445        6,159,003   

VeriSign, Inc.,

   

3.25%, 8/15/37

    2,740        4,531,275   

Yahoo!, Inc. (a)(b),

   

zero coupon, 12/1/18

    8,315        8,491,694   

YY, Inc. (a)(b),

   

2.25%, 4/1/19

    3,060        2,950,987   
   

 

 

 
      47,862,619   
   

 

 

 
 


Table of Contents

Schedule of Investments

AllianzGI Income & Growth Fund

March 31, 2014 (unaudited) (continued)

 

    Principal
Amount
(000s)
    Value*  

Lodging—0.5%

  

MGM Resorts International,

   

4.25%, 4/15/15

  $ 6,725      $ 9,805,891   
   

 

 

 

Machinery-Diversified—0.2%

  

Chart Industries, Inc.,

   

2.00%, 8/1/18

    3,165        4,262,859   
   

 

 

 

Media—0.7%

  

Liberty Interactive LLC,

   

3.50%, 1/15/31

    7,380        3,943,687   

Liberty Media Corp. (a)(b),

   

1.375%, 10/15/23

    6,675        6,278,672   

XM Satellite Radio, Inc. (a)(b),

    </