Managed Volatility (Fund of Funds)
Managed Volatility strategies trade volatility as an asset class. Directional volatility strategies aim to profit from the trend in the implied volatility embedded in derivatives referencing other asset classes. Volatility arbitrage seeks to profit from the implied volatility discrepancies between related securities
The Allianz Investment Management LLC, Allianz Global Investors, NFJ Investment Group LLC, RCM Capital Management LLC, and PIMCO investment options are managed by an affiliate of Allianz Life Insurance Company of North America, and Allianz Life Financial Services, LLC. All are affiliated companies.
Guarantees are backed by the financial strength and claims-paying ability of the issuing company. Variable annuity guarantees do not apply to the performance of the variable subaccounts, which will fluctuate with market conditions.
• Not FDIC insured • May lose value • No bank or credit union guarantee • Not a deposit • Not insured by any federal government agency or NCUA/NCUSIF
Product and feature availability may vary by state and broker/dealer.