An Umbrella Unit Trust Established Under the Laws of Singapore

Allianz Global Investors Premier Funds (an umbrella unit trust established under the laws of Singapore)

Semi-Annual Report

30 June 2021

Contents

Fund Overview Page No.

Allianz Global Investors Premier Funds – Allianz Global High Payout Fund 2 Allianz Global Investors Premier Funds – Allianz SGD Income Plus 9

Unaudited Financial Statements for the half year ended 30 June 2021

Allianz Global Investors Premier Funds – Allianz Global High Payout Fund Statement of Total Return (Unaudited) 16 Statement of Financial Position (Unaudited) 17 Statement of Movements of Unitholders’ Funds (Unaudited) 18 Statement of Portfolio (Unaudited) 19

Allianz Global Investors Premier Funds – Allianz SGD Income Plus Statement of Total Return (Unaudited) 29 Statement of Financial Position (Unaudited) 30 Statement of Movements of Unitholders’ Funds (Unaudited) 31 Statement of Portfolio (Unaudited) 32

Allianz Global Investors Premier Funds – Allianz Global High Payout Fund

Manager’s Report 2021 Semi Annual Report to Unitholders (31st December 2020 to 30th June 2021)

Fund Review

The Allianz Global High Payout Fund (the “Fund”) investment objective to provide for a total return from dividend income and capital appreciation that should lead to sustainable distributions to investors. The fund has the opportunity to create additional income from selling call option on its stock holdings to generate option premium income. Call options could be sold on a total return consideration taking into account opportunity and risks.

The Fund outperformed its official benchmark1 as well as global equity markets as measured by MSCI World Index.

Total stock selection effects were positive in 2021. Regional allocation effects were slightly negative mainly due to the overweight of Emerging Markets in Asia, and a structural underweight of North America. Underweighting Japan could only slightly add to performance. Sector allocation effects were positive over the period mainly due to overweighting Energy. Defensive Value stocks rebounded in 2021 and positively contributed to the equity underlying.

Market Review

Global equities surged over the first half of 2021 as the roll-out of COVID-19 vaccines boosted the outlook for a global economic recovery from the pandemic. US president’s Joe Biden’s plans for massive fiscal stimulus further bolstered sentiment although concerns grew about rising inflationary pressures. European equities were among the strongest performers as the reflation trade led to a rotation into cyclical companies out of technology stocks. In addition, energy companies soared, as oil prices rallied on expectations of strong demand. Banks also rebounded as higher long-term bond yields lifted the outlook for their profit margins.

US equities delivered robust gains, with both the broad S&P 500 Index and technology-focused Nasdaq Index hitting a series of fresh highs. The rally was underpinned by a swift recovery in corporate earnings, with the start of 2021 proving to be one of the best quarters for earnings growth in a decade as restrictions were eased given the US’s accelerating inoculation campaign. President Joe Biden’s plans for massive fiscal stimulus were also supportive, although the size of the measures sparked inflation concerns, causing investors to rotate out of richly valued growth stocks into out-of-favour value shares.

European equities surged the first half of 2021 (in EUR terms) and were among the best performers on a global basis as investors rotated into out-of-favour value stocks. The EuroStoxx 600 Index hit a series of fresh highs, with sentiment buoyed by hopes of a swift economic recovery as an accelerating vaccine roll-out and falling COVID-19 infection levels allowed restrictions to be eased. Corporate earnings growth was also supportive, with earnings almost doubling on a year-on-year basis in the first quarter as company profits rebounded after the sharp shock of the pandemic. At a sector level, almost all sectors advanced, led by banks, consumer discretionary and technology stocks. Utilities was the only sector to lose ground over the period.

Market outlook & Fund‘s strategy

The environment for equity investments remains favourable overall. While US growth momentum seems to be approaching its peak, the euro area is probably still some months away from this turning point. Data from Asia are mixed, as many countries are making slower progress with vaccinations than the western developed economies. The Chinese services sector is catching up, but domestic consumption remains subdued. Against this background, most companies are likely to continue to register strong earnings growth. Nevertheless, a slowdown in US growth and increasing concerns among market participants about the future path of monetary policy could raise the probability of an equity market correction. This applies even more as valuations in some regions and segments of the equity market appear quite ambitious.

For our strategy, we expect the solid performance backdrop for our investment styles as seen in H1 2021 to continue. Historically, mid-cycle markets have been the strongest environment for our strategy where all investment styles have been contributing.

2 Allianz Global Investors Premier Funds – Allianz Global High Payout Fund

We remain particularly positive for the investment style Value, our most important investment style. The investment style Value remains exceptionally cheap, and exceptionally cheap valuation of Value stocks is coupled with exceptionally strong earnings upgrades for Value stocks, typically a powerful combination to predict future outperformance for Value stocks. Also, higher interest rates speak for the investment style value.

However, so far, Value stocks have only rather reluctantly reacted to the sharp improvement in earnings revisions. Hence, there is more to expect from the performance of Value stocks, which is adding to our conviction for Value stocks, and to the conviction for our strategy.

1 The Benchmark for the Fund is a customized benchmark – 60% MSCI World + 40% Dividend Yield.

3 Allianz Global Investors Premier Funds – Allianz Global High Payout Fund

Disclaimer

Information herein is based on sources we believe to be accurate and reliable as at the date it was made. We reserve the right to revise any information herein at any time without notice. No offer or solicitation to buy or sell securities and no investment advice or recommendation is made herein. In making investment decisions, investors should not rely solely on this publication but should seek independent professional advice. However, if you choose not to seek professional advice, you should consider the suitability of the product for yourself. Past performance of the fund manager(s) and the fund is not indicative of future performance. Prices of units in the Fund and the income from them, if any, may fall as well as rise and cannot be guaranteed. Distribution payments of the Fund, where applicable, may at the sole discretion of the Manager, be made out of either income and/or net capital gains or capital of the Fund. As a result of the payment, the Fund’s net asset value is expected to be immediately reduced. The dividend yields and payouts are not guaranteed and might change depending on the market conditions or at the Manager’s discretion; past payout yields and payments do not represent future payout yields and payments. Investment involves risks including the possible loss of principal amount invested and risks associated with investment in emerging and less developed markets. The Fund may invest in financial derivative instruments and/or structured products and be subject to various risks (including counterparty, liquidity, credit and market risks etc.). Past performance, or any prediction, projection or forecast, is not indicative of future performance. Investors should read the Prospectus obtainable from Allianz Global Investors Singapore Limited or any of its appointed distributors for further details including the risk factors, before investing. This publication has not been reviewed by the Monetary Authority of Singapore (MAS). MAS authorization/recognition is not a recommendation or endorsement. The issuer of this publication is Allianz Global Investors Singapore Limited (79 Robinson Road, #09-03, Singapore 068897, Company Registration No.199907169Z).

4 Allianz Global Investors Premier Funds – Allianz Global High Payout Fund

1 Classification of investments

Please refer to the Statement of Portfolio in the Financial Statements.

2 Credit rating of debt securities

Nil.

3 Top 10 holdings as at 30 June 2021

US$ %

Microsoft Corp 2,959,312 4.65 Apple Inc 2,322,705 3.65 JP Morgan Chase & Co Com 792,165 1.24 Pfizer Inc 763,659 1.20 Coca-Cola Co 739,413 1.16 Johnson & Johnson 733,752 1.15 Exxon Mobil Corp 693,438 1.09 Pepsico Inc Com 670,914 1.05 Merck & Co Inc 663,689 1.04 BP Plc 639,837 1.01

Top 10 holdings as at 30 June 2020

US$ %

Microsoft Corp 2,026,553 4.14 Nestle SA 1,069,563 2.18 Johnson & Johnson 970,769 1.98 Pfizer Inc 970,176 1.98 Procter & Gamble Co 901,677 1.84 AT & T Inc 796,137 1.63 Roche Holdings-Genusschein 690,625 1.41 Mastercard Incorporated Class A Com 686,024 1.40 Merck & Co Inc 617,635 1.26 Bristol-Myers Squibb Co Com 607,345 1.24

4 Exposure to derivatives

30 June 2021 30 June 2020 US$ % US$ %

Quoted Options Net realised gains on derivative contracts 48,310 0.08 - -

5 Allianz Global Investors Premier Funds – Allianz Global High Payout Fund

5 Global exposure

Global derivative exposure is computed using the commitment approach. The global exposure of a scheme is calculated as the sum of:

(a) the absolute value of the exposure of each individual financial derivative not involved in netting or hedging arrangements;

(b) the absolute value of the net exposure of each individual financial derivative after netting or hedging arrangements; and

(i) the reduction of exposure to counterparties of OTC financial derivatives; and

(ii) EPM techniques relating to securities lending and repurchase transactions, and that are reinvested.

6 Collateral

Nil.

7 Securities lending or repurchase transactions

Nil.

8 Investment in other schemes

Not applicable

9 Borrowings

Nil.

10 Amount of subscription and redemptions1

US$ Subscriptions: 6,008,874 Redemptions: 4,130,415

11 Amount of related party transactions

In the normal course of the business of the Trust, trustee fees, valuation fees and management fees have been paid or are payable to the Trustee and the Manager respectively as noted in the Statement of Total Return.

6 Allianz Global Investors Premier Funds – Allianz Global High Payout Fund

12 Performance of the Fund2

Since 3M 6M 1Y 3Y 5Y 10Y Inception*

% % % % % % % Change Change Change Change Change Change Change

Cumulative returns

Allianz Global High Payout Fund 6.11 17.38 30.03 32.56 59.49 88.87 63.08 (SGD) Benchmark: 60% MSCl World+ 4.57 9.39 17.33 27.18 50.81 98.77 63.23 40% Dividend Yield (MSCI World) SGD Allianz Global High Payout Fund 5.97 15.46 34.89 34.42 59.69 72.27 97.79 (USD) Benchmark: 60% MSCl World+ 4.52 7.55 21.76 29.01 51.00 81.53 97.80 40% Dividend Yield (MSCI World) USD

Annualised returns

Allianz Global High Payout Fund 6.11 17.38 30.03 9.85 9.79 6.56 3.24 (SGD) Benchmark: 60% MSCl World+ 4.57 9.39 17.33 8.34 8.57 7.11 3.24 40% Dividend Yield (MSCI World) SGD Allianz Global High Payout Fund 5.97 15.46 34.89 10.36 9.81 5.59 4.54 (USD) Benchmark: 60% MSCl World+ 4.52 7.55 21.76 8.86 8.59 6.14 4.54 40% Dividend Yield (MSCI World) USD

* Inception date: 21 February 2006 ** Launch date: 19 December 2005

There is no change in the benchmark used since fund launched.

13 Expense ratio3,4

% For the period from 1 July 2020 to 30 June 2021 1.68 For the period from 1 July 2019 to 30 June 2020 1.66

14 Turnover ratio5

% For the period from 1 July 2020 to 30 June 2021 42.44 For the period from 1 July 2019 to 30 June 2020 33.40

7 Allianz Global Investors Premier Funds – Allianz Global High Payout Fund

15 Any other material information that will adversely impact the valuation of the Fund

Nil.

16 Soft dollar arrangements, rebates, commissions and other monetary incentives received by Fund Manager

Nil.

17 Pre-determined payouts

N.A

Note 1 The total amount of subscriptions and redemptions includes CPF, SRS and Cash funds.

Note 2 The performance returns of the Fund is sourced from Allianz Global Investors/IDS GmbH, calculated on a NAV-to-NAV basis with dividends reinvested at the NAV price in S$ term and US$ in terms of the Fund’s respective class.

Note 3 The expense ratio has been computed based on the guidelines laid down by the Investment Management Association of Singapore (“IMAS”). The calculation of the expense ratio at 30 June 2021 was based on total operating expenses of US$923,728 (2020: US$910,915) divided by the average net asset value of US$55,146,133 (2020: US$54,860,375) for the year. The total operating expenses do not include (where applicable) brokerage and other transactions costs, performance fee, interest expense, distribution paid out to unit holders, foreign exchange gains/losses, front or back end loads arising from the purchase or sale of other funds and tax deducted at source or arising out of income received. The Fund does not pay any performance fee. The average net asset value is based on daily balances.

Note 4 On 28 December 2006, the Central Provident Fund Board (CPF Board) announced changes to the CPF Investment Scheme. One of these changes is that from 1 January 2008, the expense ratio for funds included under the CPF Investment Scheme has to be within the median expense ratio in their respective risk classes, in order to continue accepting CPF monies. The CPF Board has set a revised CPF expense ratio cap of 1.75% in 2016. The compliance with the expense ratio cap for each fund will be based on the audited report for the last financial year of the fund.

Note 5 The portfolio turnover ratio is calculated in accordance with the formula stated in the Code on Collective Investment Schemes. The calculation of the portfolio turnover ratio was based on the lower of the total value of purchases or sales of the underlying investments, being sales of US$24,969,555 (2020 purchases US$16,911,178) divided by the weighted average daily net asset value of US$58,988,261 (2020: US$50,633,180).

8 Allianz Global Investors Premier Funds – Allianz SGD Income Plus

Manager’s Report 2021 Semi-Annual Report to Unitholders (1st January 2021 to 30th June 2021)

Fund Review Allianz SGD Income Plus returned 0.93%2 (AM, SGD net) from the period 1 February 20212 to 30 June 2021. Over the period, the Fund’s allocation to fixed income and Asian REITs have both contributed positively to overall performance.

While the rise in government bond yields have weighed on the fixed income segment of the portfolio, the Fund’s flexible approach to duration management has helped to mitigate some of the duration impacts. SGD credits have also remained relatively more resilient amidst the rising rate environment and the heightened volatility in the broader Asian USD bond market.

Within the REITs portfolio, our selected Australian REITs outperformed Singapore REITs, spurred by the better economic and earnings backdrop. The Fund’s positions in Singapore REITs on the other hand, posted only modest positive returns after the sector was weighed down by the slowdown in economic activity after tighter COVID- related measures were imposed.

Market Review Globally, economic news supported growing optimism over the global economic outlook, with several countries returning to pre-pandemic growth levels in the first half of 2021. The US economy was particularly strong, helped by massive fiscal support. The stronger growth was however accompanied by a rise in inflationary pressures, sparking speculation that central banks would start to scale back the extraordinary support measures implemented in 2020. In Asian, the economic picture was mixed, with several countries having once again to impose pandemic lockdowns during the second quarter.

With the rise in inflation expectations US Treasury yields rose sharply, with the 10-year yield rising to almost 1.8% in March, before closing June just below 1.5%. Singapore government bonds (SGS) also rose in tandem with Treasury yields, with the 10-year SGS bond yields rising to 1.56% at end June.

Asian USD bond market saw a similar performance reversal from last year, posting negative returns for the 6 months ending June 2021. Aside from the rise in Treasury yields, investors were rattled by the various idiosyncratic headlines in China USD bond segment of the market. In contrast, SGD-denominated credits held up well, delivering +1.5%1 in total return terms over the first half of this year, as credit spreads remained supported.

Asia Pacific REIT markets have also delivered strong performance, despite bouts of volatility driven by higher Treasury yields and renewed lockdown measures in various countries. Australia REITs were amongst the better performers, delivering close to 10% in total returns since the start of the year, brought about by strong earnings results and revaluation gains as economic activity continued to recover. The Singapore REIT market on the other hand, was hurt by the resurgence in COVID cases which led to the government re-imposing tightening measures.

Market Outlook In view of lower 10 to 30Y US Treasury yields, we have been extending spread duration with the purchase of longer dated bonds. Relatively speaking, credit spreads have turned more attractive for longer dated bonds. They also provide some spread buffer amid the volatility in Treasury yields. All in all, we are turning more bullish on our duration positioning. Given the relative underperformance of SGS as compared to US Treasury, it also implies that our SGD corporate bond exposure could possibly benefit from a price catch up to USD assets.

REIT sentiment will continue to be governed by re-opening dynamics, which in turn are dependent on the pace of vaccine rollouts and the pervasiveness of new Covid variants. Whilst short-term volatility is expected arising from intermittent lockdowns and restrictions, the outlook is positive as value opportunities emerge. Inflationary concerns, which impact long-term government bond yields have somewhat abated.

Data sourced from Bloomberg unless specified. 1Source: IHS Markit iBoxx SGD Corporate Bond Index, as at 30 June 2021 2Source: AllianzGI, as at 30 June 2021. Fund inception date as of 1st February 2021.

9 Allianz Global Investors Premier Funds – Allianz SGD Income Plus

Disclaimer

10 Allianz Global Investors Premier Funds – Allianz SGD Income Plus

1 Classification of investments

Fair Value NAV S$ %

By Asset Class Equities 54,770,214 28.72 Debt securities (including accrued interest on debt securities) 133,122,498 69.81 Other net assets 2,794,019 1.47 Net assets attributable to unitholders 190,686,731 100.00

2 Credit rating of debt securities

Fair Value NAV S$ %

A+ 2,062,000 1.08 BBB+ 6,812,641 3.58 BBB 5,113,628 2.68 BBB- 16,280,990 8.56 BB+ 1,171,813 0.61 BB 5,424,253 2.83 BB- 10,158,887 5.32 Unrated 84,735,380 44.44 Accrued interest receivable on quoted bonds 1,362,906 0.71 Total debt securities 133,122,498 69.81

3 Top 10 holdings as at 30 June 2021

S$ %

Ascendas REIT 8,761,500 4.59 Frasers Centrepoint Trust 8,286,300 4.35 Frasers Logistics & Commercial Trust REIT 7,697,376 4.04 Capitaland Integrated Commercial Trust REIT 6,771,600 3.55 Stockland Trust 6,583,747 3.45 Keppel Infrastructure Trust Series MTN Var Perpetual 4,123,230 2.16 Aims Apac REIT Management Limited 4,116,000 2.16 Charter Hall Long Wale REIT 3,669,636 1.92 Shopping Centres Australasia Property Group REIT 3,458,587 1.81 Waypoint REIT 3,294,152 1.73

11 Allianz Global Investors Premier Funds – Allianz SGD Income Plus

4 Exposure to derivatives

30 June 2021 S$ %

Derivative contracts at fair value (560,322) (0.29) Net realised gains on derivative contracts 385,212 0.20

5 Global exposure

Global derivative exposure is computed using the commitment approach. The global exposure of a scheme is calculated as the sum of:

(a) the absolute value of the exposure of each individual financial derivative not involved in netting or hedging arrangements; (b) the absolute value of the net exposure of each individual financial derivative after netting or hedging arrangements; and

(i) the reduction of exposure to counterparties of OTC financial derivatives; and

(ii) EPM techniques relating to securities lending and repurchase transactions, and that are reinvested.

6 Collateral

Nil.

7 Securities lending or repurchase transactions

Nil.

8 Investment in other schemes

Not applicable

9 Borrowings

Nil.

10 Amount of subscription and redemptions1

S$ Subscriptions: Redemptions: 194,607,210 2,856,599

11 Amount of related party transactions

12 Allianz Global Investors Premier Funds – Allianz SGD Income Plus

12 Performance of the Fund2

Since 3M 6M 1Y 3Y 5Y 10Y Inception* % % % % % % % Change Change Change Change Change Change Change

Cumulative returns Allianz SGD Income Plus AM 1.16 0.93 SGD Allianz SGD Income Plus AM 1.13 0.89 (H2-USD)

Annualised returns Allianz SGD Income Plus AM 1.16 Nil SGD Allianz SGD Income Plus AM 1.13 Nil (H2-USD)

* Inception date: 1 February 2021 ** Launch date: 1 February 2021

There is no benchmark used.

13 Expense ratio3

% For the period from 1 February 2021 to 30 June 2021 (annualised) 1.22

14 Turnover ratio4

% For the period from 1 February 2021 to 30 June 2021 18.12

15 Any other material information that will adversely impact the valuation of the Fund

Nil.

16 Soft dollar arrangements, rebates, commissions and other monetary incentives received by Fund Manager

Nil.

17 Pre-determined payouts

N.A

13 Allianz Global Investors Premier Funds – Allianz SGD Income Plus

Note 1 The total amount of subscriptions and redemptions includes CPF, SRS and Cash funds.

Note 3 The expense ratio has been computed based on the guidelines laid down by the Investment Management Association of Singapore (“IMAS”). The calculation of the expense ratio at 30 June 2021 was based on total operating expenses of S$954,865 divided by the average net asset value of S$190,460,204 for the period. The total operating expenses do not include (where applicable) brokerage and other transactions costs, performance fee, interest expense, distribution paid out to unit holders, foreign exchange gains/losses, front or back end loads arising from the purchase or sale of other funds and tax deducted at source or arising out of income received. The Fund does not pay any performance fee. The average net asset value is based on daily balances.

Note 4 The portfolio turnover ratio is calculated in accordance with the formula stated in the Code on Collective Investment Schemes. The calculation of the portfolio turnover ratio was based on the lower of the total value of purchases or sales of the underlying investments, being purchases of S$34,100,661 divided by the average daily net asset value of $190,460,204.

14 Unaudited Financial Statements

For the half year ended 30 June 2021 Allianz Global Investors Premier Funds – Allianz Global High Payout Fund

STATEMENT OF TOTAL RETURN For the half year ended 30 June 2021

30 June 30 June 2021 2020 US$ US$

Income Dividends 981,083 903,364 Interest 2 945 981,085 904,309

Less: Expenses Management fees 409,708 353,209 Registration fees 12,043 9,673 Trustee fees 14,632 12,615 Custody fees 4,370 4,292 Valuation fees 21,131 18,562 Audit fees 6,381 7,258 Transaction costs 33,647 21,225 Other expenses 17,110 8,108 519,022 434,942

Net Income 462,063 469,367

Net gains or losses on value of investments Net gains/(losses) on investments 8,044,838 (6,311,311) Net foreign exchange losses (3,568) (19,674) 8,041,270 (6,330,985)

Total return/(deficit) for the period before income tax 8,503,333 (5,861,618)

Less: Income tax (206,326) (200,539)

Total return/(deficit) for the period 8,297,007 (6,062,157)

16 Allianz Global Investors Premier Funds – Allianz Global High Payout Fund

STATEMENT OF FINANCIAL POSITION As at 30 June 2021

30 31 June December 2021 2020 US$ US$

Assets Portfolio of investments 62,362,623 54,224,873 Receivables 1,323,903 89,804 Due from brokers 156,588 - Cash and bank balances 316,214 1,059,002 Margin accounts with brokers - 52 Total assets 64,159,328 55,373,731

Liabilities Payables 128,639 314,951 Bank overdraft 379,239 - Total liabilities 507,878 314,951

Equity Net assets attributable to unitholders 63,651,450 55,058,780

17 Allianz Global Investors Premier Funds – Allianz Global High Payout Fund

STATEMENT OF MOVEMENTS OF UNITHOLDERS’ FUNDS For the half year ended 30 June 2021

30 31 June December 2021 2020 US$ US$

Net assets attributable to unitholders at the beginning of financial period/year 55,058,780 60,599,906

Operations Change in net assets attributable to unitholders resulting from operations 8,297,007 1,974,686

Unitholders' contributions/(withdrawals)

Creation of units 6,008,874 5,689,188 Cancellation of units (4,130,415) (10,615,529)

Change in net assets attributable to unitholders resulting from net creation and cancellation of units 1,878,459 (4,926,341)

Distributions (1,582,796) (2,589,471)

Total increase/(decrease) in net assets attributable to unitholders 8,592,670 (5,541,126)

Net assets attributable to unitholders at the end of the financial period/year 63,651,450 55,058,780

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STATEMENT OF PORTFOLIO As at 30 June 2021

Percentage of net assets attributable to Holdings at Fair value at unitholders at 30 June 30 June 30 June 2021 2021 2021 US$ % By Geography (Primary)

QUOTED EQUITIES

AUSTRALIA Aurizon Holdings Ltd 74,125 207,016 0.33 Fortescue Metals Group Ltd 8,095 141,845 0.22 Harvey Norman Hldgs Ltd 31,732 130,549 0.20 Jb Hi-Fi Ltd 3,492 132,601 0.21 Rio Tinto Ltd 3,684 350,256 0.55 962,267 1.51 AUSTRIA OMV AG 8,205 466,763 0.73 Wienerberger AG 3,635 140,099 0.22 606,862 0.95

BELGIUM Anheuser-Busch Inbev SA/Nv 3,280 236,536 0.37 236,536 0.37

BERMUDA Triton International Ltd 2,285 119,597 0.19 119,597 0.19

CANADA B2 Gold Corporation Barrick Gold Corp 63,835 268,063 0.42 CI Financial Corp 14,216 294,354 0.46 Enbridge Inc 14,561 267,514 0.42 Gibson Energy Inc 3,326 133,303 0.21 Restaurant Brands International Inc 9,052 173,613 0.27 1,841 118,744 0.19 1,255,591 1.97

CHINA Agricultural Bank of China H Shares 446,000 155,064 0.24 BOC Hong Kong Holdings Ltd 75,500 256,176 0.40 China Construction Bank Corp H Shares 414,000 325,726 0.51 China Resources Cement Holding Ltd 106,000 100,733 0.16 Industrial And Commercial Bank of China H Shares 364,000 213,736 0.34 Shenzhen Expressway Co Ltd H Shares 140,000 135,207 0.21 SITC Intl Hldgs Co Ltd 31,000 129,535 0.21 1,316,177 2.07

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STATEMENT OF PORTFOLIO As at 30 June 2021

Percentage of net assets attributable to Holdings at Fair value at unitholders at 30 June 30 June 30 June 2021 2021 2021 US$ % By Geography (Primary) (continued)

QUOTED EQUITIES (continued)

DENMARK Carlsberg B Shares 1,826 340,416 0.53 Royal Unibrew A/S 972 123,822 0.20 Scandinavian Tobacco Group A/S 13,040 266,184 0.42 730,422 1.15

FINLAND Upm-Kymmene Oyj 3,307 125,105 0.20 125,105 0.20

FRANCE Accor S.A. 3,806 142,131 0.22 BNP Paribas 5,884 368,918 0.58 Bouygues S.A. 6,499 240,387 0.38 Engie S.A. 12,140 166,341 0.26 Faurecia SE 206 10,077 0.02 L'Air Liquide 1,755 307,318 0.48 Orange S.A. 24,107 274,879 0.43 Sanofi S.A. 1,169 122,495 0.19 Schneider Electric S.A. 1,642 258,361 0.41 Societe Generale S.A. 4,279 126,151 0.20 Total Energies S.A. 11,682 528,587 0.83 2,545,645 4.00

GERMANY BASF SE 4,373 344,554 0.54 Bayerische Motoren Werke AG 3,487 369,028 0.58 Covestro AG 2,483 160,362 0.25 Daimler-Reg AG 4,582 409,165 0.64 E.On SE 10,520 121,688 0.19 Fraport AG 2,350 160,133 0.25 Infineon Technologies AG 7,890 316,445 0.50 Rheinmetall AG 1,417 139,979 0.22 Siemens AG 3,691 584,876 0.92 Volkswagen AG 474 118,719 0.19 2,724,949 4.28

20 Allianz Global Investors Premier Funds – Allianz Global High Payout Fund

STATEMENT OF PORTFOLIO As at 30 June 2021

Percentage of net assets attributable to Holdings at Fair value at unitholders at 30 June 30 June 30 June 2021 2021 2021 US$ % By Geography (Primary) (continued)

QUOTED EQUITIES (continued)

GREAT BRITAIN BAE Systems Plc 19,501 140,625 0.22 BP Plc 147,036 639,837 1.01 Compass Group Plc 8,610 181,031 0.28 Glaxosmithkline Plc 24,732 484,953 0.76 HSBC Holdings Plc 31,512 181,660 0.29 Janus Henderson Group Plc 7,509 291,424 0.46 M&G Plc 46,793 147,966 0.23 Rio Tinto Plc 2,613 214,743 0.34 Vodafone Group Plc 69,037 115,723 0.18 2,397,962 3.77

HONG KONG Postal Savings Bank of China Co Ltd 221,000 148,835 0.23 148,835 0.23

IRELAND Accenture Plc 544 160,366 0.25 Linde Plc 2,056 594,389 0.94 754,755 1.19

ITALY A2A S.p.A. 147,645 301,859 0.48 Enel S.p.A. 22,800 211,766 0.33 Unipol Gruppo Finanziario 37,678 205,181 0.32 718,806 1.13

21 Allianz Global Investors Premier Funds – Allianz Global High Payout Fund

STATEMENT OF PORTFOLIO As at 30 June 2021

Percentage of net assets attributable to Holdings at Fair value at unitholders at 30 June 30 June 30 June 2021 2021 2021 US$ % By Geography (Primary) (continued)

QUOTED EQUITIES (continued)

JAPAN Ana Holdings Inc 5,100 120,022 0.19 Honda Motor Co Ltd 4,900 156,726 0.24 Itochu Corp 8,200 236,418 0.37 Japan Post Bank Co Ltd 14,800 124,411 0.20 Japan Post Holdings Co Ltd 30,000 246,049 0.39 Kajima Corp 8,100 102,682 0.16 KDDI Corp 11,000 343,410 0.54 Marubeni Corp 32,700 284,633 0.45 Mazda Motor Corp 35,100 330,159 0.52 Mitsubishi Corp 6,500 177,331 0.28 Nippon Telegraph & Telephone Corp 9,400 245,142 0.39 Obayashi Corp 34,600 275,266 0.43 Resona Holdings Inc 30,800 118,549 0.19 Ricoh Co Ltd 17,000 190,999 0.30 Sekisui House Ltd 6,700 137,544 0.21 Shimizu Corp 18,600 142,780 0.22 Sony Corp 1,900 185,138 0.29 Subaru Corporation 15,800 311,972 0.49 Sumitomo Corp 12,700 170,264 0.27 Sumitomo Mitsui Financial Group Inc 3,500 120,777 0.19 Taisei Corp 9,700 318,119 0.50 4,338,391 6.82

NETHERLANDS ING Group 14,120 186,538 0.29 Koninklijke Ahold Delhaize Nv 4,502 133,847 0.21 NN Group Nv 5,709 269,323 0.42 Royal Dutch Shell Plc A Shares 16,768 338,127 0.53 Stellantis Nv 12,142 238,364 0.38 1,166,199 1.83

22 Allianz Global Investors Premier Funds – Allianz Global High Payout Fund

STATEMENT OF PORTFOLIO (continued) As at 30 June 2021

Percentage of net assets attributable to Holdings at Fair value at unitholders at 30 June 30 June 30 June 2021 2021 2021 US$ % By Geography (Primary) (continued)

QUOTED EQUITIES (continued)

NORWAY Orkla ASA A Shares 19,978 203,606 0.32 Statoil ASA 9,053 191,660 0.30 395,266 0.62

SINGAPORE DBS Group Hldgs Ltd 8,500 188,502 0.30 Singapore Airlines Ltd 117,000 422,147 0.66 United Overseas Bank Ltd 7,200 138,301 0.22 748,950 1.18

SOUTH AFRICA Gold Fields Ltd 15,623 140,488 0.22

SPAIN CIA De Distribucion Integral Logista Holdings 12,076 248,325 0.39 Iberdrola S.A. 47,198 575,393 0.90 Red Electrica De Espana 14,658 272,130 0.43 1,095,848 1.72

SWEDEN Evolution Gaming Group Ab 1,630 257,761 0.41 Lundin Energy 11,528 408,164 0.64 Volvo AB B Shares 7,407 178,330 0.28 844,255 1.33

SWITZERLAND Logitect Intl 1,571 190,522 0.30 Partners Group Holding 150 227,430 0.36 Roche Holdings-Genusschein 1,673 630,848 0.99 1,048,800 1.65

23 Allianz Global Investors Premier Funds – Allianz Global High Payout Fund

STATEMENT OF PORTFOLIO (continued) As at 30 June 2021

Percentage of net assets attributable to Holdings at Fair value at unitholders at 30 June 30 June 30 June 2021 2021 2021 US$ % By Geography (Primary) (continued)

QUOTED EQUITIES (continued)

UNITED STATES OF AMERICA 3M Co Com 1,195 237,363 0.37 Abbott Laboratories Com 1,424 165,084 0.26 AbbVie Inc 4,931 555,428 0.87 Adobe Inc Com 439 257,096 0.40 Advanced Micro Devices Inc 1,347 126,524 0.20 Air Products & Chemicals Inc 414 119,100 0.19 Allstate Corp 2,500 326,100 0.51 Alphabet Inc 75 187,974 0.30 Amazon.Com Inc 131 450,661 0.71 American Financial Group Inc 1,278 159,392 0.25 Amgen Inc 1,612 392,925 0.62 Amphenol Corp Class A 1,702 116,434 0.18 Apple Inc 16,959 2,322,705 3.65 Applied Materials Inc 3,086 439,446 0.69 Artisan Partners Asset Mgmt Inc A Shares 4,993 253,744 0.40 Aspen Technology Inc. 879 120,898 0.19 AT & T Inc 5,086 146,375 0.23 Automatic Data Processing 854 169,621 0.27 Best Buy Co Inc Com 2,280 262,155 0.41 Blackrock Inc Com 187 163,619 0.26 Bristol-Myers Squibb Co Com 6,685 446,692 0.70 Cadence Design Systems Inc 3,125 427,563 0.67 CDW Corporation Com 1,091 190,543 0.30 Chevron Corp 2,000 209,480 0.33 Chipotle Mexican Grill Inc 160 248,054 0.39 Cincinnati Financial Corporation Com 2,047 238,721 0.38 Cisco Systems Inc 11,929 632,237 0.99 Citigroup Inc 7,090 501,618 0.79 Coca-Cola Co 13,665 739,413 1.16 Comerica Inc 3,762 268,381 0.42 ConocoPhillips Com 3,032 184,649 0.29 Cummins Inc 879 214,309 0.34 CVS Health Corp 3,005 250,737 0.39 Delta Air Lines Inc 6,735 291,356 0.46 Digital Turbine Inc 2,109 160,347 0.25 Domino'S Pizza Inc 558 260,301 0.41 Dow Inc 3,952 250,083 0.39 Edwards Lifesciences Corp 1,264 130,913 0.21 Electronic Arts Inc 889 127,865 0.20 EOG Resources Inc 3,976 331,757 0.52 24 Allianz Global Investors Premier Funds – Allianz Global High Payout Fund

STATEMENT OF PORTFOLIO (continued) As at 30 June 2021

Percentage of net assets attributable to Holdings at Fair value at unitholders at 30 June 30 June 30 June 2021 2021 2021 US$ % By Geography (Primary) (continued)

QUOTED EQUITIES (continued)

UNITED STATES OF AMERICA (continued) Exxon Mobil Corp 10,993 693,438 1.09 Facebook Incorporated Class A Com 1,049 364,748 0.57 Gaming And Leisure Properties REIT 6,000 277,980 0.44 Gilead Sciences Inc Com 3,305 227,582 0.36 Goldman Sachs Group Inc 878 333,227 0.52 Hewlett Packard Enterprise Co Com 13,768 200,737 0.32 Hilton Inc 2,016 243,170 0.38 Hologic Inc 1,431 95,476 0.15 Home Depot Inc 870 277,434 0.44 Hope Bancorp Inc 9,455 134,072 0.21 Host Hotels & Resorts Inc 19,000 324,710 0.51 HP Inc 15,392 464,684 0.73 Humana Inc 316 139,900 0.22 Hyatt Hotels 3,042 236,181 0.37 IDEXX Laboratories Inc 399 251,988 0.40 Intel Corp Com 10,904 612,151 0.96 International Business Machines Corp 3,221 472,166 0.74 Intuit Inc 1,165 571,048 0.90 Johnson & Johnson 4,454 733,752 1.15 JP Morgan Chase & Co Com 5,093 792,165 1.24 Juniper Networks Inc 9,931 271,613 0.43 Las Vegas Sands Corp 3,662 192,951 0.30 Lyondellbasell Industries Class A 2,426 249,563 0.39 Marriott International Inc 1,726 235,634 0.37 Mastercard Incorporated Class A Com 904 330,041 0.52 Maxim Integrated Products Com 1,277 134,545 0.21 McDonald's Corp 2,685 620,208 0.97 Merck & Co Inc 8,534 663,689 1.04 Micron Technology Inc 1,409 119,737 0.19 Microsoft Corp 10,924 2,959,312 4.65 Mondelez International Inc 7,521 469,611 0.74 Morgan Stanley Com 3,133 287,265 0.45 Netapp Inc 2,443 199,886 0.32 Newmont Mining Corp 4,248 269,238 0.42 Nike Incorporated Class B Com 3,407 526,347 0.83 Nortonlifelock Inc 6,494 176,767 0.28 Nvidia Corp 662 529,666 0.83 Oneok Inc 7,222 401,832 0.63 Oracle Corp 5,662 440,730 0.69

25 Allianz Global Investors Premier Funds – Allianz Global High Payout Fund

STATEMENT OF PORTFOLIO (continued) As at 30 June 2021

Percentage of net assets attributable to Holdings at Fair value at unitholders at 30 June 30 June 30 June 2021 2021 2021 US$ % By Geography (Primary) (continued)

QUOTED EQUITIES (continued)

UNITED STATES OF AMERICA (continued) Organon & Co 853 25,812 0.04 Paychex Inc 3,993 428,449 0.67 Pepsico Inc Com 4,528 670,914 1.05 Pfizer Inc 19,501 763,659 1.20 Progressive Corp 5,880 577,475 0.91 Qualcomm Inc 1,886 269,566 0.42 Quest Diagnostics 1,336 176,312 0.28 Regeneron Pharmaceuticals Inc 251 140,194 0.22 S&P Global Inc 300 123,135 0.19 Southwest Airlines 3,755 199,353 0.31 Starbucks Corp 2,729 305,130 0.48 Synopsys Inc 1,005 277,169 0.44 T Rowe Price Group Inc 2,431 481,265 0.76 Target Corp Com 1,865 450,845 0.71 Texas Instruments Inc 2,204 423,829 0.67 The Blackstone Group LP Com 3,587 348,441 0.55 Thermo Fisher Scientific Inc 1,194 602,337 0.95 Union Pacific Corp 544 119,642 0.19 United Continental Holdings Inc 3,407 178,186 0.28 United Health Group Inc 1,155 462,508 0.73 United Parcel Service Inc 815 169,496 0.27 Vail Resorts Inc 400 126,608 0.20 Veeva Systems Incorporated Class A Com 862 268,039 0.42 Verizon Communications Inc 2,440 136,713 0.21 Viatris Inc 2,362 33,753 0.05 Western Union Co Com 15,219 349,580 0.55 Yum! Brands Inc 1,996 229,600 0.36 37,940,917 59.62

Portfolio of investments 62,362,623 98.00 Other net assets 1,288,827 2.00 Net assets attributable to unitholders 63,651,450 100.00

26 Allianz Global Investors Premier Funds – Allianz Global High Payout Fund

STATEMENT OF PORTFOLIO (continued) As at 30 June 2021

Percentage Percentage of net assets of net assets attributable to attributable to Fair value at unitholders at unitholders at 30 June 30 June 31 December 2021 2021 2020 US$ % %

By Geography (Summary)

Australia 962,267 1.51 2.21 Austria 606,862 0.95 0.85 Belgium 236,536 0.37 - Bermuda 119,597 0.19 - Canada 1,255,591 1.97 1.48 China 1,316,177 2.07 4.59 Denmark 730,422 1.15 1.94 Finland 125,105 0.20 0.28 France 2,545,645 4.00 2.45 Germany 2,724,949 4.28 3.42 Great Britain 2,397,962 3.77 2.40 Hong Kong 148,835 0.23 1.29 Ireland 754,755 1.19 - Italy 718,806 1.13 0.85 Japan 4,338,391 6.82 8.23 Netherlands 1,166,199 1.83 1.19 Norway 395,266 0.62 0.28 Singapore 748,950 1.18 1.15 South Africa 140,488 0.22 0.27 Spain 1,095,848 1.72 2.12 Sweden 844,255 1.33 0.93 Switzerland 1,048,800 1.65 3.76 United States of America 37,940,917 59.62 58.80

Portfolio of investments 62,362,623 98.00 98.49 Other net assets 1,288,827 2.00 1.51 Net assets attributable to unitholders 63,651,450 100.00 100.00

27 Allianz Global Investors Premier Funds – Allianz Global High Payout Fund

STATEMENT OF PORTFOLIO (continued) As at 30 June 2021

Percentage Percentage of net assets of net assets attributable to attributable to Fair value at unitholders at unitholders at 30 June 30 June 31 December 2021 2021 2020 US$ % %

By Industry (Secondary)

Advertising - - 0.21 Aerospace 140,625 0.22 0.24 Agriculture 266,184 0.42 0.41 Airlines 1,211,064 1.90 - Autos and trucks 2,122,540 3.34 2.60 Bank and finance 7,683,130 12.09 14.18 Biotechnology 367,776 0.58 0.35 Building and construction 1,456,675 2.28 4.52 Chemical 1,615,444 2.54 - Commercial services 976,009 1.53 2.95 Communications 2,954,942 4.64 2.88 Computer and software 7,828,094 12.30 13.11 Electric and electronic 4,386,506 6.90 10.34 Engineering&Construction 302,913 0.47 - Entertainment 126,608 0.20 - Energy - - 0.24 Foods and beverage 3,328,796 5.22 4.49 Healthcare 1,257,097 1.99 2.17 Insurance 1,592,732 2.50 0.81 Internet 1,454,332 2.29 2.35 Lodging 1,050,067 1.64 - Manufacturing 1,232,164 1.93 2.61 Mechanical engineering 214,309 0.34 0.56 Media 257,761 0.41 1.17 Mining 1,537,142 2.41 2.62 Oil and gas 4,701,210 7.38 5.10 Pharmaceutical 5,269,827 8.26 11.02 Power - - 0.27 Pulp and paper 125,105 0.20 - Real Estate 577,475 0.91 0.78 Real Estate investment trust 602,690 0.95 - Retailing 3,332,368 5.24 3.57 Semiconductors 1,198,162 1.88 1.56 Telecommunication services 1,450,216 2.28 3.13 Trading 236,418 0.37 0.43 Transportation 874,014 1.39 2.28 Wholesale 632,228 1.00 1.54

Portfolio of investments 62,362,623 98.00 98.49 Other net assets 1,288,827 2.00 1.51 Net assets attributable to unitholders 63,651,450 100.00 100.00

28 Allianz Global Investors Premier Funds – Allianz SGD Income Plus

STATEMENT OF TOTAL RETURN For the financial period from 1 February 2021 (date of inception) to 30 June 2021

For the financial period from 1 February 2021 (date of inception) to 30 June 2021 S$

Income Dividends 1,150,209 Interest 111 1,150,320

Less: Expenses Management fees 782,616 Registration fees 16,452 Trustee fees 39,131 Custody fees 15,655 Audit fees 8,982 Preliminary expenses 73,308 Transaction costs 29,079 Other expenses 88,208 1,053,431

Net Income 96,889

Net gains or losses on value of investments Net gains on investments 2,903,257 Net losses on foreign exchange contracts (100,500) Net losses on future contracts (74,610) Net foreign exchange losses (982,662) 1,745,485

Total return for the period before income tax 1,842,374

Less: Income tax (252,163)

Total return for the period 1,590,211

29 Allianz Global Investors Premier Funds – Allianz SGD Income Plus

STATEMENT OF FINANCIAL POSITION As at 30 June 2021

30 June 2021 S$

Assets Portfolio of investments 187,892,712 Receivables 492,833 Due from broker 28,528 Financial derivatives at fair value 721,318 Cash and bank balances 4,866,059 Margin accounts with brokers 185,726 Total assets 194,187,176

Liabilities Payables 379,979 Due to broker 1,838,826 Financial derivatives at fair value 1,281,640 Total liabilities 3,500,445

Equity Net assets attributable to unitholders 190,686,731

30 Allianz Global Investors Premier Funds – Allianz SGD Income Plus

STATEMENT OF MOVEMENTS OF UNITHOLDERS’ FUNDS For the financial period from 1 February 2021 (date of inception) to 30 June 2021

30 June 2021 S$

Net assets attributable to unitholders at the beginning of financial period -

Operations Change in net assets attributable to unitholders resulting from operations 1,590,211

Unitholders' contributions/(withdrawals)

Creation of units 194,607,210 Cancellation of units (2,856,599)

Change in net assets attributable to unitholders resulting from net creation and cancellation of 191,750,611 units

Distributions (2,654,091)

Total increase in net assets attributable to unitholders 190,686,731

Net assets attributable to unitholders at the end of the financial year period 190,686,731

31 Allianz Global Investors Premier Funds – Allianz SGD Income Plus

STATEMENT OF PORTFOLIO As at 30 June 2021

Percentage of net assets attributable to Holdings at Fair value at unitholders at 30 June 30 June 30 June 2021 2021 2021 S$ % By Geography (Primary)

QUOTED EQUITIES

AUSTRALIA Charter Hall Long Wale REIT 765,544 3,669,636 1.92 Shopping Centres Australasia Property Group REIT 1,360,000 3,458,587 1.81 Stockland Trust 1,400,000 6,583,747 3.45 Waypoint REIT 1,245,900 3,294,152 1.73 17,006,122 8.91

SINGAPORE Aims Apac REIT Management Limited 2,800,000 4,116,000 2.16 Ascendas REIT 2,970,000 8,761,500 4.59 Capitaland Integrated Commercial Trust REIT 3,240,000 6,771,600 3.55 Frasers Centrepoint Trust 3,410,000 8,286,300 4.35 Frasers Logistics & Commercial Trust REIT 5,345,400 7,697,376 4.04 Keppel REIT 1,806,200 2,131,316 1.12 37,764,092 19.81

QUOTED DEBT SECURITIES

AUSTRALIA Lendlease Finance Limited 3.9% due 27/04/2027 750,000 806,220 0.42 Newcastle Coal Infrastructure Series 4.7% due 12/05/2031 800,000 1,108,965 0.58 QBE Insurance Group Limited Series EMTN Var Perpetual 1,500,000 2,139,798 1.12 Santos Finance Limited Series EMTN 5.25% due 13/03/2029 1,500,000 2,301,102 1.21 Scentre Group Trust 2 Series Var due 24/09/2080 1,000,000 1,441,655 0.76 7,797,740 4.09

CHINA Agile Group Holdings Limited 5.75% due 02/01/2025 1,000,000 1,367,724 0.72 Bluestar Finance Holdings Var Perpetual 300,000 403,260 0.21 China Oil & Gas Group 4.7% due 30/06/2026 200,000 272,872 0.14 Country Garden Holdings 3.3% due 12/01/2031 1,000,000 1,270,444 0.67 Far East Horizon Limited Series EMTN 2.625% due 700,000 944,469 0.50 03/03/2024 Fortune Star BVI Limited 5.95% due 19/10/2025 1,000,000 1,416,451 0.74 GLP China Holdings Limited Series EMTN 2.95% due 400,000 546,780 0.28 29/03/2026 GLP China Holdings Limited Series EMTN 4% due 6,900,000 1,440,304 0.76 02/07/2024 Greentown China Holdings 4.7% due 29/04/2025 1,000,000 1,359,322 0.71 Huarong Finance II 4.625% due 03/06/2026 1,200,000 1,137,193 0.60 KWG Group Holdings 7.4% due 13/01/2027 1,000,000 1,355,962 0.71

32 Allianz Global Investors Premier Funds – Allianz SGD Income Plus

STATEMENT OF PORTFOLIO (continued) As at 30 June 2021

Percentage of net assets attributable to Holdings at Fair value at unitholders at 30 June 30 June 30 June 2021 2021 2021 S$ % By Geography (Primary) (continued)

QUOTED DEBT SECURITIES (continued)

CHINA (continued) MCC Holding HK Corporation Limited Var Perpetual 800,000 1,102,244 0.58 RKPF Overseas 2020 A Limited 5.2% due 12/01/2026 1,000,000 1,361,674 0.71 Seazen Group Limited 4.45 % due 13/07/2025 1,000,000 1,335,799 0.70 Shangri-La Hotel Limited Series EMTN 4.5% due 2,000,000 2,150,740 1.13 12/11/2025 Shimao Group Holdings Limited 5.6% due 15/07/2026 1,500,000 2,132,237 1.12 Shui On Development Holding 5.5% due 03/03/2025 1,000,000 1,369,404 0.72 Sino Ocean Land IV 3.25% due 05/05/2026 600,000 805,847 0.42 Sino Ocean Land IV 4.75% due 05/08/2029 1,500,000 2,051,716 1.08 Wanda Properties International Company Limited 7.25% 1,000,000 1,347,560 0.70 due 29/01/2024 Wens Foodstuff Group 2.349% due 29/10/2025 1,500,000 1,859,996 0.98 Yanlord Land HK Company Limited 5.125% due 400,000 549,778 0.29 20/05/2026 27,581,776 14.47

CZECH REPUBLIC CPI Property Group SA Series EMTN Var Perpetual 1,250,000 1,171,813 0.61 1,171,813 0.61

FRANCE BNP Paribas Series Var Perpetual 400,000 415,916 0.22 Credit Agricole SA Series EMTN Var 29/05/2034 1,800,000 1,965,455 1.03 Societe Generale Series Var Perpetual 2,000,000 2,105,760 1.10 4,487,131 2.35

GERMANY Commerzbank AG Var Perpetual 1,400,000 2,263,903 1.18 LB Baden-Wuerttemberg Series EMTN Var Perpetual 1,000,000 1,634,736 0.86 3,898,639 2.04

GREAT BRITAIN Barclays Plc Series EMTN Var 23/05/2030 1,500,000 1,576,425 0.82 BP Capital Markets Plc Var Perpetual 1,500,000 2,207,159 1.16 Legal & General Group Series EMTN Var 21/03/2047 1,500,000 2,268,338 1.19 Phoenix Group Holding Plc Var Perpetual 1,000,000 2,012,464 1.06 Standard Chartered Plc Series Var Perpetual 2,000,000 2,095,780 1.10 10,160,166 5.33

33 Allianz Global Investors Premier Funds – Allianz SGD Income Plus

STATEMENT OF PORTFOLIO (continued) As at 30 June 2021

Percentage of net assets attributable to Holdings at Fair value at unitholders at 30 June 30 June 30 June 2021 2021 2021 S$ % By Geography (Primary) (continued)

QUOTED DEBT SECURITIES (continued)

HONG KONG AIA Group Limited Var Perpetual 1,000,000 1,001,185 0.52 Bank of East Asia Limited Series EMTN Var 29/05/2030 1,500,000 2,127,590 1.12 Elect Global Investments Limited Var Perpetual 1,000,000 1,382,846 0.73 Fec Finance Limited Series EMTN 5.1% due 21/01/2024 1,000,000 1,382,846 0.73 LI & Fung Limited Series EMTN 4.375% due 04/10/2024 1,000,000 1,373,046 0.72 LS Finance 2017 Limited 4.8% due 18/06/2026 400,000 541,041 0.28 Nan Fung Treasury Limited Series EMTN 5% due 1,500,000 2,247,509 1.18 05/09/2028 Nanyang Commercial Bank Var 20/11/2029 1,000,000 1,388,646 0.73 NWD Finance (BVI) Limited Var Perpetual 1,000,000 1,453,416 0.76 Peak Re BVI Holding Limited Var Perpetual 500,000 714,946 0.37 13,613,071 7.14

INDIA NTPC Limited Series EMTN 4.5% due 19/03/2028 1,000,000 1,478,116 0.78 Power Finance Corporation Limited Series EMTN 1,000,000 1,395,447 0.73 3.75% due 06/12/2027 REC Limited Series EMTN 4.625% due 22/03/2028 1,000,000 1,466,704 0.77 4,340,267 2.28

INDONESIA PT Indofood CBP Sukses Makmur TBK 3.398% due 300,000 410,317 0.21 09/06/2031 PT Japfa Comfeed TBK 5.375% due 23/03/2026 700,000 1,006,806 0.53 PT Pakuwon Jati TBK 4.875% due 29/04/2028 200,000 281,610 0.15 PT Pertamina (Persero) Series 4.175% due 21/01/2050 1,000,000 1,397,296 0.73 3,096,029 1.62

JAPAN Asahi Mutual Life Insurance Var Perpetual 1,500,000 2,069,228 1.09 2,069,228 1.09

OMAN OQ SAOC Series 5.1 25% due 06/05/2028 400,000 543,729 0.29 543,729 0.29

PHILIPPINES Jollibee Worldwide Pte Limited Var Perpetual 1,000,000 1,344,200 0.70 1,344,200 0.70

34 Allianz Global Investors Premier Funds – Allianz SGD Income Plus

STATEMENT OF PORTFOLIO (continued) As at 30 June 2021

Percentage of net assets attributable to Holdings at Fair value at unitholders at 30 June 30 June 30 June 2021 2021 2021 S$ % By Geography (Primary) (continued)

QUOTED DEBT SECURITIES (continued)

SINGAPORE ARA Asset Management Limited Series EMTN Var 2,000,000 2,015,360 1.06 Perpetual Astrea VI Pte Limited Series FRN 09/03/2031 2,000,000 2,688,400 1.41 Astrea VI Pte Limited Series FRN 18/03/2031 2,000,000 2,062,000 1.08 Aviva Singlife Holdings Pte Limited Series MTN Var 2,000,000 2,094,640 1.10 24/02/2031 Capitaland Treasury Limited Series EMTN Var Perpetual 1,500,000 1,540,335 0.81 Capitaland Treasury Limited Series MTN 2.9% due 500,000 505,235 0.26 21/09/2032 Frasers Property Treasury Series MTN Var Perpetual 2,000,000 2,057,060 1.08 GLL IHT Pte Limited Series MTN 3.4% due 10/08/2025 2,000,000 2,053,640 1.08 Keppel Corporation Limited Series EMTN 2.459% due 1,500,000 2,013,729 1.06 04/06/2025 Keppel Infrastructure Trust Series MTN Var Perpetual 4,000,000 4,123,230 2.16 Mapletree Industrial Trust Series MTN Var Perpetual 1,500,000 1,515,795 0.79 Olam International Limited EMTN 6% due 25/10/2022 2,000,000 2,090,580 1.09 Olam International Limited Series MTN 4% due 24/02/2026 1,000,000 993,170 0.52 Singapore Airlines Limited Series EMTN 3.13% due 1,000,000 1,040,990 0.55 23/08/2027 Singapore Airlines Limited Series MTN 3.5% due 1,000,000 1,022,780 0.54 02/12/2030 Singapore Press Holdings Series EMTN Var Perpetual 2,000,000 2,000,640 1.05 Singapore Tech Telemedia Series MTN Var Perpetual 2,000,000 2,094,440 1.10 Singtel Group Treasury Series MTN Var Perpetual 1,750,000 1,797,504 0.94 SPH REIT Series MTN Var Perpetual 2,000,000 2,019,720 1.06 Starhub Limited Series MTN Var Perpetual 1,000,000 1,010,310 0.53 Straits Trading Company Limited 3.75% due 29/10/2025 1,500,000 1,552,080 0.81 STT GDC Pte Limited Series MTN 3.13% due 28/07/2028 2,000,000 2,027,580 1.06 United Overseas Bank Limited Series GMTN Var Perpetual 2,000,000 2,013,600 1.06 42,332,818 22.20

35 Allianz Global Investors Premier Funds – Allianz SGD Income Plus

STATEMENT OF PORTFOLIO (continued) As at 30 June 2021

Percentage of net assets attributable to Holdings at Fair value at unitholders at 30 June 30 June 30 June 2021 2021 2021 S$ % By Geography (Primary) (continued)

QUOTED DEBT SECURITIES (continued)

REPUBLIC OF KOREA Tongyang Life Insurance Company Var Perpetual 1,000,000 1,421,492 0.75 1,421,492 0.75

SWITZERLAND Credit Suisse Group AG Var Perpetual 2,000,000 2,063,000 1.08 UBS Group AG Var Perpetual 2,000,000 2,111,060 1.11 4,174,060 2.19

THAILAND Krung Thai Bank Var Perpetual 700,000 962,111 0.50 TMB Thanachart Bank Public Company Limited Series EMTN Var Perpetual 1,000,000 1,372,764 0.72 2,334,875 1.22

UNITED STATES OF AMERICA Resorts World Las Vegas Capital Series 4.625% due 16/04/2029 1,000,000 1,392,558 0.73 1,392,558 0.73

Accrued interest receivable on quoted bonds 1,362,906 0.71

Portfolio of investments 187,892,712 98.53 Other net assets 2,794,019 1.47 Net assets attributable to unitholders 190,686,731 100.00

36 Allianz Global Investors Premier Funds – Allianz SGD Income Plus

STATEMENT OF PORTFOLIO (continued) As at 30 June 2021

Percentage of net assets attributable to Fair value at unitholders at 30 June 30 June 2021 2021 S$ % By Geography (Summary)

Australia 24,803,862 13.00 China 27,581,776 14.47 Czech Republic 1,171,813 0.61 France 4,487,131 2.35 Germany 3,898,639 2.04 Great Britain 10,160,166 5.33 Hong Kong 13,613,071 7.14 India 4,340,267 2.28 Indonesia 3,096,029 1.62 Japan 2,069,228 1.09 Oman 543,729 0.29 Philippines 1,344,200 0.70 Republic of Korea 1,421,492 0.75 Singapore 80,096,910 42.01 Switzerland 4,174,060 2.19 Thailand 2,334,875 1.22 United States of America 1,392,558 0.73

Accrued interest receivable on quoted bonds 1,362,906 0.71

Portfolio of investments 187,892,712 98.53 Other net assets 2,794,019 1.47 Net assets attributable to unitholders 190,686,731 100.00

37 Allianz Global Investors Premier Funds – Allianz SGD Income Plus

STATEMENT OF PORTFOLIO (continued) As at 30 June 2021

Percentage of net assets attributable to Fair value at unitholders at 30 June 30 June 2021 2021 S$ % By Industry (Secondary)

Agriculture 2,866,802 1.51 Airlines 2,063,770 1.09 Bank and finance 32,013,366 16.79 Chemicals 403,260 0.21 Electric and electronic 5,601,346 2.94 Engineering & Construction 2,013,729 1.06 Entertainment 1,392,558 0.73 Food and beverage 3,494,067 1.82 Insurance 11,627,451 6.10 Investment 3,231,633 1.70 Lodging 3,567,191 1.87 Media 2,000,640 1.05 Metals 1,102,244 0.58 Mining 1,108,965 0.58 Miscellaneous 4,750,400 2.49 Oil&Gas 6,722,158 3.53 Real Estate 32,742,077 17.17 Real Estate investment trust 59,747,384 31.33 Retail 1,885,241 0.98 Telecommunications 4,835,394 2.53 Warehousing 1,987,084 1.04 Wholesale 1,373,046 0.72

Accrued interest receivable on quoted bonds 1,362,906 0.71

Portfolio of investments 187,892,712 98.53 Other net assets 2,794,019 1.47 Net assets attributable to unitholders 190,686,731 100.00

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Allianz Global Investors Singapore Limited 79 Robinson Road #09-03 Singapore 068897 Hotline: (1800) 438 0828 Fax: (65) 6311 8025 Email: [email protected] Website: sg.allianzgi.com Business Registration No: 199907169Z