Terms and Conditions of Use 

Important Legal Information

Please read these terms and conditions carefully. By accessing this website and the materials and information contained herein, you acknowledge that you have read, understand, accept and agree to be bound by the terms and conditions of use that follow. If you do not agree to these terms and conditions, please do not access this website or any pages thereof (hereinafter referred to as the "Site").

Use of Content

The content of this Site is available for informational purposes only. The posting of content and access to this Site does not constitute, either explicitly or implicitly, any provision of services or products by Allianz Global Investors (AllianzGI) or any of its affiliates. Information concerning financial products or services is only available through the respective AllianzGI Group companies.

Copyright

The entire content of this Site is the property of Allianz Global Investors AG, its direct or indirect subsidiaries (hereinafter referred to collectively as "AllianzGI Group") or third parties and is protected by applicable copyright law with all rights reserved. All rights in the pages, site content and arrangement are owned by the AllianzGI Group and its licensors. You agree not to sell, distribute, publish, broadcast, circulate or commercially exploit Site information in any manner without the express written consent of AllianzGI Group. Any downloading or otherwise copying from this Site will not transfer title to any software or material to you. You may not reproduce (in whole or part), transmit (by electronic means or otherwise), modify, display, redeliver, license, link or otherwise use this Site for any public or commercial purpose without the prior permission of AllianzGI Group.

AllianzGI Group owns and maintains this Site. Nothing at this Site shall be construed as granting a license or right to use any image, trademark, service mark or logo, all of which are the property of AllianzGI Group. AllianzGI Group reserves all rights with respect to its proprietary information or material at this Site and will enforce such rights to the full extent of applicable copyright and trademark law.

No Offer

Nothing contained herein constitutes an offer, solicitation or recommendation regarding any investment management services, or the offer to sell or the solicitation of an offer to buy any security; nor shall any such services be provided, or securities be offered or sold, in any jurisdiction in which such an offer, solicitation, provision or sale would be unlawful. All Site information and content is subject to applicable statutes and regulations. Any potential investor should satisfy himself that an investment in any AllianzGI Group product is permissible under the rules and regulations of his or her domicile.

The information provided is for informational purposes only and investors should determine for themselves whether a particular service or product is suitable for their investment needs. Please refer to offering documents for further information concerning specific products. Past performance is no guarantee of future results. The AllianzGI Group believes the information presented is accurate and reliable, however, no representation or warranty concerning the timeliness, accuracy, completeness of information, or the suitability of any product is provided in any way. This information is not intended to be, and should not be construed as, legal or tax advice, and anyone who acts on the information does so entirely at their own risk.

Certain of the statements contained herein may be statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. In addition to statements which are forward-looking by reason of context, the words 'may, will, should, expects, plans, intends, anticipates, believes, estimates, predicts, potential, or continue' and similar expressions identify forward-looking statements.

The matters discussed herein may also involve risks and uncertainties described from time to time in Allianz SE's filings with the U.S. Securities and Exchange Commission. The company assumes no obligation to update any forward-looking information contained herein.

The information on this Site is descriptive of the AllianzGI Group as a whole and the products, services, securities and financial instruments described may not be available or suitable for you.

Investments

Past performance is not necessarily a guide to future performance. The value of investments, and the income from them, can go down as well as up, and you may not recover the amount of your original investment. Where investments involve currency exposure, changes in rates of exchange may cause the value of the investment to go up or down. In the case of some investments, you should be aware that there is no recognised market for them and that it may therefore be difficult for you to deal them or to obtain information about their value or the extent of the risks to which they are exposed. Any tax benefits referred to on this Site are subject to change and their availability and value will depend on your individual circumstance.

No Reliance

Although the AllianzGI Group has taken all reasonable care to ensure that the information contained within this Site is accurate no representation or warranty (including liability towards third parties), expressed or implied, is made as to its accuracy, reliability or completeness by AllianzGI Group or its contractual partners. Opinions and any other contents at the Site are provided by AllianzGI Group for personal use and informational purposes only and are subject to change without notice. Nothing contained on this Site constitutes investment, legal, tax or other advice and is not to be relied on in making an investment or other decision. You should obtain relevant and specific professional advice before making any investment decision.

No Warranty

The information and opinions contained on this Site, including hyperlinks or references to other sites, are provided 'as is' without any warranty of any kind, either expressed or implied, to the fullest extent permissible pursuant to applicable law. The AllianzGI Group does not warrant the adequacy, accuracy, reliability or completeness of any information on the Site and expressly disclaims any liability for errors or omissions therein. You are responsible for evaluating the adequacy, accuracy, reliability and completeness of any information or the content available on the Site. AllianzGI Group further assumes no responsibility for, and makes no warranties that, functions contained on this Site will be uninterrupted or error-free, that defects will be corrected, or that this Site or the servers that make it available will be free of viruses or other harmful components.

Liability Waiver

We expressly disclaim any liability, whether in contract, tort, strict liability or otherwise, for any direct, indirect, incidental, consequential, punitive or special damages arising out of or in any way connected with your access or use or inability to access or use the Site or reliance on its content, or any failure of performance, interruption, defect, delay in transmission, computer viruses or other harmful components, or line or system failure associated with the Site, regardless of our knowledge thereof. The same is true for any content appearing on any of the AllianzGI Group companies' websites.

Linked Sites

Certain hyperlinks or referenced websites on the Site may for your convenience forward you to third parties' websites, which generally are recognised by their top level domain name. Their content has not been investigated or analysed by us, and we do not warrant the adequacy, accuracy, reliability or completeness of any information on hyperlinked or referenced websites and expressly disclaim any liability for any and all of their content.

You are responsible for evaluating the adequacy, accuracy or reliability and completeness of any information or other content available on hyperlinked or referenced websites.

The AllianzGI Group is not responsible for the content or use of any other Internet sites hyperlinked to a site. A hyperlink to another site is meant for convenience only and does not imply that the AllianzGI Group endorses or approves of the site or any products or services that it describes. Your access to and use of any other Internet sites hyperlinked to or from the Site is at your own risk, and the AllianzGI Group assumes no obligation or liability in connection therewith. The AllianzGI Group reserves the right to terminate any hyperlink or hyperlinking program at any time.

By accessing the Site, you also agree to abide by the proprietary guidelines set forth at any website accessed or hyperlinked to through the Site.

Information Submitted By You

You should not submit any confidential or proprietary information via the Site. All information or material submitted through the Site will be deemed to be the property of the AllianzGI Group. By submitting any information or material to us through the Site, you grant us an unrestricted, irrevocable license to use, reproduce, display, perform, modify, transmit and distribute those materials or information. You also agree that the AllianzGI Group is free to use for any purpose any ideas, concepts, know-how or techniques that you submit to us through the Site. The AllianzGI Group shall not be subject to any obligations of confidentiality regarding submitted information, except as agreed by an AllianzGI Group company having a direct customer relationship or as otherwise specifically agreed or required by law.

Local Legal Restrictions

The Site is not directed to any person in any jurisdiction where (by reason of that person's nationality, residence or otherwise) the publication or availability of the Site is prohibited. Persons in respect of whom such prohibitions apply must not access the Site.

Reservation of Rights

We reserve the right to change, modify, add to, or remove portions of these terms of use at any time.

Jurisdiction, Severability

Any action arising out of these terms or this website shall be litigated in, and only in, courts located in Munich, Germany, and you agree to submit to the exclusive jurisdiction of those courts and further agree that they are a convenient forum for you.

In the event that any provision of these terms is held unenforceable, the validity or enforceability of the remaining provisions will not be affected, and the unenforceable provision will be replaced with an enforceable provision that comes close to the intention underlying the unenforceable provision.