AllianzGI Emerging Markets Debt Fund releases ticker symbols, fees

By Toni Weeks

San Luis Obispo, Calif., Aug. 22 – Allianz Multi-Strategy Funds gave more details about its new fixed-income fund that targets emerging markets debt investments, the AllianzGI Emerging Markets Debt Fund. The fund is expected to launch Sept. 15.

The fund will offer four share classes: class A, class C, institutional and class P. The ticker symbols are AGMAX, AGMCX, AGMIX and AGMPX, respectively.

According to an N-1A filing with the Securities and Exchange Commission, the fund will seek long-term capital appreciation and current income. Under normal circumstances, it will invest at least 80% of its net assets, plus borrowings for investment purposes, in a diversified portfolio of interest-bearing debt instruments issued by sovereign, quasi-sovereign or corporate issuers of emerging market countries.

Greg Saichin, Zeke Diwan and Daniel Ha will be the portfolio managers.

Shareholder fees will consist of a 3.75% sales load on class A shares and a 1% maximum contingent deferred sales charge on class A and class C shares. Including management fees of 0.75% and taking into account an expense reduction agreement with the adviser, total annual fund operating expenses are expected to be 1.2% for class A, 1.95% for class C, 0.95% for institutional class and 1.05% for class P shares.

New York-based Allianz Global Investors Fund Management LLC will serve as the investment adviser.

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