Notice to Unitholders Date: 7 June 2013 Our Ref.: All-in fee ...
Notice to Unitholders Date: 7 June 2013 Our Ref.: All-in fee ...
Notice to Unitholders Date: 7 June 2013 Our Ref.: All-in fee ...
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<strong>All</strong>ianz Global Inves<strong>to</strong>rs S<strong>in</strong>gapore Limited<br />
<strong>Date</strong>: 7 <strong>June</strong> <strong>2013</strong><br />
<strong>Our</strong> <strong>Ref</strong>.: <strong>All</strong>-<strong>in</strong> <strong>fee</strong><br />
<strong>All</strong>ianz Global Inves<strong>to</strong>rs S<strong>in</strong>gapore Limited<br />
3 Temasek Avenue, #07-05 Centennial Tower<br />
S<strong>in</strong>gapore 039190<br />
Phone : +65 6311 8000<br />
Fax : +65 6311 8099<br />
www.allianzglobal<strong>in</strong>ves<strong>to</strong>rs.com.sg<br />
Co. Regn No. 199907169Z<br />
<strong>Notice</strong> <strong>to</strong> <strong>Unitholders</strong><br />
IMPORTANT: This notice is important and requires your immediate attention.<br />
Dear <strong>Unitholders</strong>,<br />
<strong>All</strong>ianz Informationstechnologie<br />
<strong>All</strong>ianz PIMCO Europaz<strong>in</strong>s<br />
<strong>All</strong>ianz Rohs<strong>to</strong>fffonds<br />
(the “Funds”)<br />
We, as the S<strong>in</strong>gapore Representative of the Funds, are writ<strong>in</strong>g <strong>to</strong> <strong>in</strong>form you of a change <strong>to</strong> the Funds<br />
which will take effect from 1 July <strong>2013</strong>.<br />
Currently the Funds are charged on-go<strong>in</strong>g fund management costs through the management <strong>fee</strong>. In<br />
addition, certa<strong>in</strong> other fixed costs for all of the Funds are covered through the adm<strong>in</strong>istration <strong>fee</strong>, <strong>in</strong><br />
particular the cus<strong>to</strong>dian <strong>fee</strong>s and the costs of legally required documents and the publication of prices.<br />
Effective 1 July <strong>2013</strong>, the management <strong>fee</strong> and adm<strong>in</strong>istration <strong>fee</strong> currently levied on the Funds will be<br />
comb<strong>in</strong>ed <strong>in</strong><strong>to</strong> a s<strong>in</strong>gle lump-sum charge ("all-<strong>in</strong> <strong>fee</strong>"). The result is that the various <strong>fee</strong>s currently<br />
collected from the respective Funds <strong>in</strong> the form of a management <strong>fee</strong>, adm<strong>in</strong>istration <strong>fee</strong> will be<br />
elim<strong>in</strong>ated, and only a s<strong>in</strong>gle <strong>fee</strong>, the all-<strong>in</strong> <strong>fee</strong>, will be charged <strong>in</strong> the future.<br />
In addition <strong>to</strong> the current management <strong>fee</strong>, the future all-<strong>in</strong> <strong>fee</strong> <strong>in</strong>cludes all other major cost items such as<br />
bank cus<strong>to</strong>dy <strong>fee</strong>s, costs for pr<strong>in</strong>t<strong>in</strong>g and mail<strong>in</strong>g the legally prescribed sales documents <strong>to</strong> <strong>in</strong>ves<strong>to</strong>rs<br />
(annual and semi-annual reports, prospectus, product highlight sheet), publication costs for the annual<br />
and semi-annual reports as well as the liquidation report, the issue and redemption prices, distributions or<br />
accumulated <strong>in</strong>come, and the cost of the audit of the Funds by the Management Company's audi<strong>to</strong>rs.<br />
Based on specific needs and expenses, the costs <strong>in</strong> connection with the acquisition and disposal of<br />
assets (transaction costs), taxes that may arise <strong>in</strong> connection with the costs of adm<strong>in</strong>istration and cus<strong>to</strong>dy<br />
and any costs <strong>in</strong>curred by the fund for the assertion and enforcement of legal claims that appear <strong>to</strong> be<br />
justified or for defence aga<strong>in</strong>st claims that appear unjustified will cont<strong>in</strong>ue <strong>to</strong> be accounted for at the Fund<br />
level and charged <strong>to</strong> the respective unit holders.<br />
Fund <strong>in</strong>ves<strong>to</strong>rs <strong>in</strong>cur no additional costs through the <strong>in</strong>troduction of the all-<strong>in</strong> <strong>fee</strong>. The <strong>fee</strong>s and<br />
charges already currently collected are merely consolidated. At the same time, the possibility of<br />
<strong>in</strong>creas<strong>in</strong>g management and adm<strong>in</strong>istration <strong>fee</strong>s up <strong>to</strong> a maximum specified <strong>in</strong> the prospectus is<br />
elim<strong>in</strong>ated. The level of management and adm<strong>in</strong>istration <strong>fee</strong>s currently applicable will be set as part of the<br />
all-<strong>in</strong> costs.<br />
A <strong>fee</strong> comparison with fund <strong>fee</strong>s without an all-<strong>in</strong> <strong>fee</strong> may be based on the respective <strong>to</strong>tal expense<br />
ratios. This <strong>in</strong>cludes all regular costs <strong>in</strong>curred <strong>in</strong> the last f<strong>in</strong>ancial year with the exception of expenses for<br />
securities transactions.<br />
The relevant approvals were issued by German Federal F<strong>in</strong>ancial Supervisory Authority <strong>in</strong> letters dated<br />
19 April <strong>2013</strong> and 16 May <strong>2013</strong>.<br />
Upon the effective date, an updated version of the Fund prospectus will be available<br />
http://www.allianzgi.sg.
Below is an overview of the Funds’ new <strong>fee</strong> structure:<br />
Fund name<br />
Unit<br />
class<br />
ISIN<br />
Current Current NEW <strong>All</strong>-<strong>in</strong> <strong>fee</strong><br />
management adm<strong>in</strong>istration (current mgmt. +<br />
<strong>fee</strong><br />
<strong>fee</strong><br />
adm<strong>in</strong>. <strong>fee</strong>s)<br />
<strong>All</strong>ianz<br />
Informationstechnologie<br />
A DE0008475120 1.50% 0.30% 1.80%<br />
<strong>All</strong>ianz PIMCO Europaz<strong>in</strong>s A DE0008476037 0.75% 0.19% 0.94%<br />
<strong>All</strong>ianz Rohs<strong>to</strong>fffonds A DE0008475096 1.50% 0.30% 1.80%<br />
If you have any questions about the content of this notice or your <strong>in</strong>vestment, you should seek<br />
<strong>in</strong>dependent professional advice or you may call us at 1-800-438-0828.<br />
Yours s<strong>in</strong>cerely,<br />
<strong>All</strong>ianz Global Inves<strong>to</strong>rs S<strong>in</strong>gapore Limited<br />
Note: Investments <strong>in</strong> the Fund are not obligations of, deposits with, or guaranteed by the Management<br />
Company or <strong>All</strong>ianz Global Inves<strong>to</strong>rs S<strong>in</strong>gapore Limited and are subject <strong>to</strong> <strong>in</strong>vestment risks, <strong>in</strong>clud<strong>in</strong>g the<br />
possible loss of the pr<strong>in</strong>cipal amount <strong>in</strong>vested. The value of the units <strong>in</strong> the Fund and the <strong>in</strong>come accru<strong>in</strong>g<br />
<strong>to</strong> the units, if any, may fall or rise and cannot be guaranteed. Past performance of the Fund is not<br />
necessarily a guide <strong>to</strong> future performance. Inves<strong>to</strong>rs should read the prospectus of the Fund for details<br />
on the Fund before decid<strong>in</strong>g whether <strong>to</strong> subscribe for, purchase units <strong>in</strong> or switch <strong>in</strong><strong>to</strong> the Fund. Copies of<br />
the prospectus of the Fund are available and may be obta<strong>in</strong>ed from <strong>All</strong>ianz Global Inves<strong>to</strong>rs S<strong>in</strong>gapore<br />
Limited or any of its appo<strong>in</strong>ted distribu<strong>to</strong>rs.<br />
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