Notification of changes to the Allianz Green Bond fund
We have been notified by Allianz Global Investors Fund (SICAV) (the “Company”) of upcoming changes to the Allianz Green Bond fund. These will take effect on 28 March 2025 (the “Effective Date”).
AVAILABLE IN OUR DEFINED FUND RANGE PRODUCTS
- Allianz Green Bond AT Acc EUR
- Allianz Green Bond AT H2 Acc USD
SUMMARY
The Company has notified us that as of the Effective Date they are adjusting the binding elements of the investment strategy of the Allianz Green Bond fund. The exclusion criteria is adjusting as follows:
| From the Effective Date |
|---|
| Deriving more than 10% of their revenues from the exploration, extraction, distribution or refining of oil fuels |
| Deriving more than 50% of their revenues from the exploration, extraction, manufacturing or distribution of gaseous fuels |
| Deriving more than 50% of their revenues from electricity generation with a GHG intensity of more than 100g CO2 e/kWh |
| For issuers whose business activities amount to a Sustainable Investment share of at least 20% and who are transitioning or are already aligned with a Net Zero pathway, the Investment Manager increases the Sustainable Investment share by 20%. The issuers are considered transitioning to Net Zero if they are (1) achieving Net Zero, (2) aligned to Net Zero or (3) aligning to Net Zero. Issuer (4) committed to Net Zero or (5) not aligned to Net Zero are not considered to be transitioning or aligned with a Net Zero pathway |
| The investment manager will no longer assign a reference benchmark to determine alignment with the environmental and/or social characteristics that the sub-fund promotes |
Policyholders invested in the fund do not need to take any action, as the changes will happen automatically within the fund. However, should policyholders wish to switch to an alternative fund, they can do so free of charge. They can visit the fund centre for their product to review the alternative fund choices available.
We recommend that policyholders speak to their financial adviser before making any investment decisions.
For more information please visit: www.allianzglobalinvestors.com