Allianz Global Investors Premier Funds - Fundsupermart.com

the issue or sale of any Units will not be added to the price of such Units but will be paid by
the Managers.
6.3 The Managers may at any time differentiate between investors as to the amount of the Initial
Sales Charge and the Realisation Charge where applicable (subject to the maximum
permitted) or allow discounts on such basis or on such scale as the Managers may think fit.
6.4 The Managers are entitled to charge for any additional expenses incurred where investors
are resident outside Singapore and to deduct such additional amounts from the
subscription moneys paid by such investors or the realisation proceeds due to them, as the
case may be.
6.5 As required by the Code on Collective Investment Schemes issued by the Authority, all
marketing, promotional and advertising expenses incurred in relation to the Scheme and
the Sub-Fund will be borne by the Managers and not charged to the deposited property of
the Sub-Fund.
7. RISKS
7.1 General risks of investing in Collective Investment Schemes
Investment in a collective investment scheme is meant to produce returns over the long
term. Investors should not expect to obtain short-term gains from such investments. The
prices of units in a collective investment scheme and the income from them may go up as
well as down. A possible loss of the principal invested cannot be ruled out. The risks of
investments made by a collective investment scheme include economic, political, foreign
exchange, liquidity, regulatory, interest rate, default and repatriation risks.
7.2 Risks specific to the Sub-Fund
The risks specific to the Sub-Fund are set out below:-
As the Sub-Fund (denominated in Singapore Dollars) will invest in the Underlying
Fund which is denominated in Euro, fluctuations in the exchange rates between the
Singapore Dollar and the Euro may have an impact on the income and value of the
Sub-Fund.
In addition, as the currency exposure of the Underlying Fund is not hedged against
the currency denomination in which the assets of the Underlying Fund are
denominated, the Sub-Fund will be exposed to the currency risks of the Underlying
Fund.
As the Underlying Fund invests in securities in various markets, the net asset value
of the Underlying Fund will be influenced by the prices of these investments. This
will in turn have an impact on the value of Units of the Sub-Fund. The Underlying
Fund’s equity-market orientation renders the Underlying Fund vulnerable to
investment risks, industry risks, general market risks, company-specific risks, risks
associated with investment in small capitalisation companies, creditworthiness
risks, risks of insolvency, counterparty risks and liquidity risks.
The investments of the Underlying Fund will each be denominated in a number of
different currencies and will be subject to fluctuations in currency exchange rates
and in certain cases, exchange control regulations. There may be state regulations
governing the outward remittance by foreign investors of their share of net profits
and dividends and the repatriation of their investments in a foreign currency.
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