These investment options typically invest at least 70% of their assets in a mixture of corporate and government bonds with a primary focus on intermediate-term bonds. These bonds have an average duration from 3.5 to 6 years or an average effective maturity from 4 to 10 years. Bond funds do experience periods of volatility. Bonds with longer maturities tend to be more sensitive to changes in interest rates.
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The Allianz Investment Management LLC, Allianz Global Investors, NFJ Investment Group LLC, and PIMCO investment options are managed by an affiliate of Allianz Life Insurance Company of North America, Allianz Life Insurance Company of New York, and Allianz Life Financial Services, LLC. All are affiliated companies.
Pyramis and the Pyramis Global Advisors logo are service marks of FMR LLC. Used with permission.
Guarantees are backed by the financial strength and claims-paying ability of the issuing company and do not apply to the performance of the variable subaccounts, which will fluctuate with market conditions.
Products are issued by Allianz Life Insurance Company of New York, One Chase Manhattan Plaza, 38th Floor, New York, NY 10005-1423, and 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.