Allianz Global Investors Privacy Principles 

Our business is asset management. This is a confidential matter and Allianz Global Investors recognize your expectations regarding privacy. Allianz Global Investors is committed to keeping your information confidential and secure and that is why we have designed procedures to ensure your privacy in all facets of our relationship. No matter if you are a consumer, a customer, a job applicant or a shareholder, you are protected, not only by the applicable privacy laws, but, more importantly, Allianz Global Investors' commitment to safeguard your privacy and your right to decide how your personal information will be used.

You can surf on the Allianz Global Investors global web-site anonymously. If we want to collect, process and use personal data from your visit on these sites we will disclose this to you. When you complete an application form, be aware that you are giving personal information and you will not be informed separately. If you decide not to complete the application form or to leave the site altogether, we will not keep any data you have provided.

If we want to collect information about you, you decide which personal data we receive and how we use it. We will only collect personal data for the purposes you approve of and only to the extent necessary for that purpose.

Regarding the types of third parties and affiliates to which we might disclose your personal data, please refer to the web-site of your Allianz Global Investors company.

In some cases, we may share your data with third parties and affiliates in order to offer you other services. In such cases we respect your right to opt out of such transfer to third parties or affiliates or out of our use of your non-public personal data for purposes other than they were collected for.

If sensitive data (i.e. about health conditions, racial or ethnic origin, political opinion, religious or philosophical beliefs etc.) is collected on our web-sites at all, we will not transfer them to third parties or affiliates unless you give your express consent. It is important that you read the detailed privacy policy of your Allianz Global Investors company to determine their sharing practices and if an opt out is needed.

We respect your privacy rights, particularly your right to access your information. If you ask us, and to the extent provided by local law, we will share with you the personal information we collect and retain about you through our web-sites. We strive to keep your data accurate. Please provide us with any changes or corrections in your information.

Our employees have to comply with their obligations of secrecy.

Allianz Global Investors companies strive to keep the level of security state-of-the-art at all times.

The laws of the country of your Allianz Global Investors company provide for measures to enforce your privacy rights. In addition, compliance with these policies is ensured by the corporate privacy officer as well as through an audit process.

In case you have any further questions about your privacy at Allianz Global Investors, please do not hesitate to contact the corporate privacy officer at the Allianz Global Investors company you are dealing with.