At Allianz Life Insurance Company of North America (Allianz), a company affiliated with Allianz Life Insurance Company of New York (Allianz Life® of NY), we have developed a comprehensive system of monitoring and managing our investment options and money managers.

Our system is based on rigorous money manager oversight. This comprehensive and proactive approach demonstrates that we are committed to the future – your future.

Managing the managers

What sets our investment methodology apart is our Comprehensive Performance Management, or CPM, process.

CPM is the system we have developed to monitor, manage, and when necessary, modify our investment option and money manager selections. We evaluate the performance of our investment options based on three key principles: control, consistency, and capacity.

Control

We evaluate money managers based on their conformity to their stated investment style and objectives.

Consistency

We evaluate our money managers based on the consistency of their long-term performance. We compare their returns to market and peer group returns, and seek changes when our criteria are not met. Past performance does not guarantee future results.

Capacity

We evaluate our money managers to ensure they have the systems, capital, and expertise to continue to provide a diverse portfolio of investment options over the long term.

Investing in a variable annuity may be the answer for part of your overall retirement strategy. A variable offers a unique combination of features, including market participation through a variety of investment options; tax-deferred growth opportunities; and optional protection benefits that can provide certain accumulation, income, and beneficiary guarantees for an additional cost.

Variable annuities are subject to investment risk, including loss of principal, and contract values fluctuate daily. Investment returns and principal value will fluctuate with market conditions so that units, upon distribution, may be worth more or less than the original cost.

For more complete information about Allianz Life Insurance Company of New York (Allianz Life® of NY) variable annuities and variable investment options, call your financial professional or Allianz Life Financial Services, LLC at 800.729.9743 for a prospectus. The prospectuses contain details on investment objectives, risks, fees, and expenses, as well as other information about the variable annuity and variable investment options, which you should carefully consider. Please read the prospectuses thoroughly before sending money.

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

Products are issued by Allianz Life Insurance Company of New York, One Chase Manhattan Plaza, 38th Floor, New York, NY 10005-1423. Variable products are distributed by its affiliate, Allianz Life Financial Services, LLC, member FINRA, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297.

Product and features are available only in New York and may vary by broker/dealer.

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