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Just Add Water: How to Access a Compelling Investment Story

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Investment
Solutions
AllianzGI Global Water Fund
Just Add Water: How to Access
a Compelling Investment Story
Fresh water has no substitute—and only a fraction of today’s supply is safe for consumption. Given a fast-growing
world population, the massive urbanization of developing nations and deteriorating infrastructure in developed countries,
the need for water is set to grow exponentially. Due to the vast number of investments needed to solve this global
supply/demand imbalance, water is increasingly being viewed as a core commodity that may be as profitable as oil.
A Flood of Opportunity
п‚Ў Water is currently a $500 billion market that could grow to as much as $1 trillion by 2020.1
п‚Ў Investments are needed along the entire water-value chain; global water-infrastructure projects alone are expected to see annual
growth of 5%–8%.1
 Companies that focus on addressing the increasing demand for and limited supply of water could represent some of the world’s
key growth opportunities today—and in the coming years.
H2O: The Way to Grow
A hypothetical $1,000 investment in the S&P Global Water Index at inception (11/16/2001) would have grown more than 370%—far outpacing broader stock-market indexes.
5,000
11/2001–06/2014
Growth of Investment ($)
4,000
$4,711
Annualized Returns
S&P Global Water Index
13.07%
MSCI World Growth Index
6.36%
S&P 500 Index
6.48%
S&P Global Water Index
MSCI World Growth Index
S&P 500 Index
3,000
2,000
1,000
0
2001
2002
2003
2004
2005
2006
2007
2008
Source: Morningstar Direct. Data as of 6/30/14. Past performance is no guarantee of future results.
us.allianzgi.com
2009
2010
2011
2012
2013
2014
Three Investment Opportunities in
Water-Related Companies
We have identified three main areas to which governments and private corporations will have to devote
substantial resources to help solve the growing water challenge. Each one provides a range of attractive
water-related investment opportunities.
Area of Development
Solution
Opportunity
1. Expanding the
water supply
Develop new water
infrastructure to create
a sustainable, reliable
and cost-efficient supply
system for developed
and developing nations
п‚Ў E xploration costs, engineering and design
п‚Ў Well drilling
п‚Ў Runoff water-capturing facilities
п‚Ў Pumping stations and pipelines
п‚Ў Desalination equipment
п‚Ў Wastewater treatment plants for
reuse or discharge
п‚Ў Construction materials
Create effective solutions to
reduce demand, lessen the need
for capital-intensive solutions
and promote sustainable use of
available resources
п‚Ў Irrigation equipment to prevent
evaporation of water in farming
п‚Ў Smart meters to stop waste
п‚Ў Drought-resistant crops or fertilizers
п‚Ў Automation controls
п‚Ў Leakage detection
Increase regulations on
drinking-water quality
and establish minimum
levels of treatment
п‚Ў Filtration
п‚Ў Monitoring and testing
п‚Ў Disinfection chemicals
п‚Ў Sanitary appliances
п‚Ў Wastewater technology
Why? 1.1 billion people have
inadequate access to water2
2. Increasing
water-supply
efficiency
Why? 32 billion cubic meters
of treated water is leaked
from water-supply systems
every day3
3. Improving
water quality
Why? 80% of China’s rivers are
too toxic for fish—let alone
human consumption4
Did you know?
Farming accounts for 71% of global water consumption.
Consider approximately how much water it takes to
produce one pound of:
Chicken
450
gallons
Beef
1,850
gallons
Coffee
By 2050, the world’s population is expected to grow
by three billion people—90% of whom will live
in developing nations that are already experiencing
water stress.6
Producing one gallon of ethanol requires almost
3,000 gallons of water.7
2,2505
gallons
Unless significant headway is made, global water
demand will be pushed 40% beyond accessible,
reliable supplies by 2030.8
Consider AllianzGI Global Water Fund to Tap
a Compelling Investment Story
Looking to invest in solutions to the water challenge? Consider AllianzGI Global Water Fund, which invests in
water-related companies with unique positions in the water-supply chain.
AllianzGI Global Water Fund’s Investment Process
The fund’s management team uses a bottom-up investment process that crosses geographical locations,
industries and investment styles.
Idea Generation
п‚Ў Screens for securities that have a high degree of water exposure
п‚Ў Employs in-house fundamental, sustainability and proprietary GrassrootsSM research
Stock Selection
п‚Ў Stocks must have a three-year investment horizon and meet rigorous growth, quality and
valuation criteria
п‚Ў Every security is supported by a long-term secular growth theme
Stock selection:
A deeper dive
The team looks
for securities that
exhibit several
of the following
characteristics:
п‚Ў Higher-thanaverage growth
potential and
strong capitalappreciation
potential
 Builds a portfolio of 25–50 “best-in-class” long-only equity holdings that provide exposure to at
least eight countries
п‚Ў Substantial
revenue growth
through an
expanding market
or market share
Review
п‚Ў A robust balance
sheet and superior management
Portfolio Construction
п‚Ў Each holding must continuously earn its place
 Decisions are made daily with research analysts and reviewed quarterly with the firm’s global CIO
п‚Ў Underperforming stocks are reviewed weekly
п‚Ў Market leadership
and sustainable
profit margins
What are “water-related companies”?
Water-related companies span a variety of industries across the global economy, creating a diverse range of opportunities.
These companies are substantially engaged in activities related to the quality, availability of or demand for water, including:
п‚Ў Water production, storage, transport and distribution
п‚Ў Technologies or materials that enhance water supply or reduce water demand
п‚Ў Water planning, control and research
п‚Ў Water conditioning (filtering, desalination, disinfection and purification)
п‚Ў Sewage and liquid waste treatment
п‚Ў Equipment, technology, consulting or engineering services related to any of these activities
A Global Water Fund for a Global Water Challenge
There are several ways to use AllianzGI Global Water Fund as part of a long-term investment strategy. Talk to your
financial advisor today or visit us.allianzgi.com to learn more.
How Does AllianzGI Global Water Fund Fit in a Portfolio?
в�…в�…в�…в�…
п‚Ў S table, predictable growth potential in a low-growth environment. Water demand is an
inelastic long-term secular growth story, and it is insulated from changing economic conditions.
Morningstar
Overall Ratingв„ў
п‚ЎA
long-term, less-volatile play on growth in emerging-market economies. Water-infrastructure
investment is a necessity for growth-related activities: generating electricity, growing agriculture,
manufacturing and mining. As emerging markets develop, so will their water infrastructure.
For Class A shares among 135 funds
in the Natural Resources category
as of 6/30/14. Morningstar measures
risk-adjusted returns. The overall rating
is a weighted average based on the
3- and 5-year star ratings.
п‚ЎA
ccess to active management. The fund’s active-management approach can be proactive
and forward-looking and can take a strategic view of the issues shaping the industry—
providing opportunities that passive indexing may not.
Average Annual Total Returns
1 Year
3 Year
5 Year
Since Inception
AllianzGI Global Water Fund at NAV
25.12%
11.10%
14.34%
5.65%
AllianzGI Global Water Fund at MOP
18.24%
9.02%
13.06%
4.70%
MSCI ACWI Index
22.95%
10.25%
14.28%
4.99%
S&P Global Water Index
32.31%
14.66%
17.11%
8.04%
Lipper Global Natural Resources Fund Avg.
29.49%
1.64%
9.10%
-0.27%
Lipper Rankings
1 Year
3 Year
5 Year
Since Inception
Quintile ranking
4
1
1
1st
105/147
7/126
8/106
3/83
1 Year
3 Year
5 Year
Since Inception
67%
3%
19%
N/A
111/165
9/135
21/109
N/A
Absolute rank in category
Morningstar Rankings
Percentile ranking
Absolute rank in category
th
st
st
Class A shares as of 6/30/14.
AllianzGI Global Water Fund Symbols: A: AWTAX | C: AWTCX | I: AWTIX | P: AWTPX
1. BofA Merrill Lynch 2. World Health Organization 3. World Bank 4. UNDP Human Development Report; Beyond scarcity: Power, poverty and the global water crisis, Nov. 9, 2006
5. Water Footprint Network 6. United Nations 7. World Economic Forum 8. 2030 Water Resources Group
Performance quoted represents past performance. Past performance is no guarantee of future results. Investment return and the principal value of an investment
will fluctuate. Shares may be worth more or less than original cost when redeemed. Current performance may be lower or higher than performance shown. For
performance current to the most recent month-end, visit our website at us.allianzgi.com. The MOP returns take into account the 5.5% maximum initial sales
charge. The Fund’s expense ratio is 1.52%.
Investors should consider the investment objectives, risks, charges and expenses of this Fund carefully before investing. This and other information is contained
in the Fund’s prospectus, or summary prospectus, which may be obtained by contacting your financial advisor or by visiting us.allianzgi.com. Please read
this prospectus carefully before you invest.
A Word About Risk: Investing in a limited number of issuers or sectors may increase risk and volatility. Investing in the water-related resource sector may
be significantly affected by events relating to international political and economic developments, water conservation, the success of exploration
projects, commodity prices and tax and other government regulations. Foreign markets may be more volatile, less liquid, less transparent and subject
to less oversight, and values may fluctuate with currency exchange rates; these risks may be greater in emerging markets. Derivative prices depend on
the performance of an underlying asset; derivatives carry market, credit and liquidity risk.
GrassrootsSM Research is a division within the Allianz Global Investors group of companies that commissions investigative research for asset-management professionals. Research
data used to generate Grassroots ResearchSM reports are received from reporters and field force investigators who work as independent, third-party research providers, supplying
research that is paid for by commissions generated by trades executed on behalf of clients.
Source for Morningstar information: Morningstar Inc. For funds with at least a three-year history, Morningstar calculates a risk-adjusted return measure that accounts for variation
in a fund’s monthly performance (including the effects of all sales charges), placing more emphasis on downward variations and rewarding consistent performance. The top 10%
of funds in each category receives a rating of 5 stars; the next 22.5% 4 stars; the next 35% 3 stars; the next 22.5% 2 stars; and the bottom 10% 1 star. In the Natural Resources category,
AllianzGI Global Water Fund A shares received 5 stars/135 funds (3 years) and 4 stars/109 funds (5 years). Other share classes have different ratings. В©2014 Morningstar, Inc. All rights
reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate,
complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
В©2014 Allianz Global Investors Distributors LLC, 1633 Broadway, New York, NY 10019, us.allianzgi.com
AGI-2014-04-09-9347 | IS-GW-0714
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