# Contents
Allianz Interglobal
Fund Assets in %
25 21.5
20
15
10
5
0
Healthcare	Industrials	Financial
services provider
Information technology
Basic commodities
Basic consumer goods
Consumer cyclical
Communica- tions services
Fund units	Cash reserves,
other assets
Development of net assets and unit value in a 3-year comparison
|  | 30/06/2020 | 31/12/2019 | 31/12/2018 | 31/12/2017 |
| --- | --- | --- | --- | --- |
| Net assets in EUR m |  |  |  |  |  |
| - Unit class A (EUR) | WKN: 847 507/ISIN: DE0008475070 | 1,423.0 | 1,415.0 | 1,038.9 | 1,072.7 |
| - Unit class AT (EUR) | WKN: 979 768/ISIN: DE0009797688 | 200.5 | 186.9 | 123.1 | 142.6 |
| - Unit class IT (EUR)  1) | WKN: A2D U1Z/ISIN: DE000A2DU1Z9 | 1,048.97  2) | -- | -- | -- |
| - Unit class P (EUR) | WKN: 979 756/ISIN: DE0009797563 | 86.7 | 68.8 | 33.0 | 39.1 |
| Unit value in EUR |  |  |  |  |  |
| - Unit class A (EUR) | WKN: 847 507/ISIN: DE0008475070 | 365,11 | 374.92 | 275.02 | 288.61 |
| - Unit class AT (EUR) | WKN: 979 768/ISIN: DE0009797688 | 149,58 | 153.52 | 112.25 | 117.47 |
| - Unit class IT (EUR)  1) | WKN: A2D U1Z/ISIN: DE000A2DU1Z9 | 1.048,97 | -- | -- | -- |
| - Unit class P (EUR) | WKN: 979 756/ISIN: DE0009797563 | 1.958,51 | 2,004.21 | 1,458.04 | 1,515.41 |

1) 
Inception date: 28/04/2020
2) 
Not shown in EUR million due to the fund’s low volume.
| Asset overview at 30/06/2020 |  |
| --- | --- |
| Breakdown by asset category – country | Market value in EUR | % of net assets  *) |  | Breakdown by asset category – currency | Market value in EUR | % of net assets  *) |
| I. Assets |  |  |  | I. Assets |  |  |
| 1. Equities | 1,565,280,237.72 | 91.52 |  | 1. Equities | 1,565,280,237.72 | 91.52 |
| Germany | 119,957,005.70 | 7.01 |  | AUD | 26,794,442.07 | 1.57 |
| France | 24,672,925.00 | 1.44 |  | CAD | 31,748,979.54 | 1.86 |
| Ireland | 64,702,135.89 | 3.78 |  | CHF | 140,519,011.75 | 8.20 |
| Denmark | 64,758,866.39 | 3.79 |  | DKK | 64,758,866.39 | 3.79 |
| Sweden | 67,366,770.11 | 3.94 |  | EUR | 144,629,930.70 | 8.45 |
| Switzerland | 140,519,011.75 | 8.20 |  | GBP | 15,840,897.40 | 0.93 |
| UK | 15,840,897.40 | 0.93 |  | HKD | 53,902,547.77 | 3.15 |
| USA | 875,583,094.97 | 51.21 |  | JPY | 45,143,828.00 | 2.64 |
| Canada | 31,748,979.54 | 1.86 |  | SEK | 67,366,770.11 | 3.94 |
| Cayman Islands | 88,192,280.90 | 5.15 |  | USD | 974,574,963.99 | 56.99 |
| Japan | 45,143,828.00 | 2.64 |  | 2. Investment units | 70,568,533.92 | 4.12 |
| Australia | 26,794,442.07 | 1.57 |  | EUR | 38,552,848.82 | 2.25 |
| 2. Investment units | 70,568,533.92 | 4.12 |  | USD | 32,015,685.10 | 1.87 |
| Luxembourg | 70,568,533.92 | 4.12 |  | 3. Bank deposits, money market | 67,635,428.51 | 3.96 |
| 3. Bank deposits, money market | 67,635,428.51 | 3.96 |  | instruments, money market funds and |  |  |
| instruments, money market funds and |  |  |  | money market-related funds |  |  |
| money market-related funds |  |  |  | 4. Other assets | 17,230,514.16 | 1.01 |
| 4. Other assets | 17,230,514.16 | 1.01 |  | II. Liabilities | -10,493,744.16 | -0.61 |
| II. Liabilities | -10,493,744.16 | -0.61 |  | III. Provisions | -2,193.86 | 0.00 |
| III. Provisions | -2,193.86 | 0.00 |  | IV. Net assets | 1,710,218,776.29 | 100.00 |
| IV. Net assets | 1,710,218,776.29 | 100.00 |  |  |  |  |

*) 
Minor rounding differences may be the result of percentage rounding during the calculation.
Investment portfolio at 30/06/2020
ISIN	Securities	Market	Shares/	Balance   Purchases Redemptions	Price	Market value	% of net
Units/	30/06/2020	EUR	assets
Currency	in the period under review
Exchange-traded securities	1,565,280,237.72	91.52
| Equities |  |  |  |  |  |  | 1,565,280,237.72 | 91.52 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Germany |  |  |  |  |  |  | 119,957,005.70 | 7.01 |
| DE000A1EWWW0 | adidas AG Namens-Aktien | SHS | 133,540 | 133,540 | 0 EUR | 232.400 | 31,034,696.00 | 1.81 |
| DE0005158703 | Bechtle AG Inhaber-Aktien | SHS | 161,160 | 40,420 | 44,082 EUR | 156.100 | 25,157,076.00 | 1.47 |
| DE0005785604 | Fresenius SE & Co. KGaA Inhaber-Stammaktien | SHS | 1,462,170 | 330,840 | 143,874 EUR | 43.610 | 63,765,233.70 | 3.73 |
| France |  |  |  |  |  |  | 24,672,925.00 | 1.44 |
| FR0000121014 | LVMH Moët Henn. L. Vuitton |  |  |  |  |  |  |  |
|  | SE Action Port.(C.R.) | SHS | 63,500 | 63,500 | 0 EUR | 388.550 | 24,672,925.00 | 1.44 |
| Ireland |  |  |  |  |  |  | 64,702,135.89 | 3.78 |
| IE00B4BNMY34 | Accenture PLC Reg.Shares Cl.A | SHS | 341,350 | 36,050 | 46,700 USD | 212.720 | 64,702,135.89 | 3.78 |
| Denmark |  |  |  |  |  |  | 64,758,866.39 | 3.79 |
| DK0060534915 | Novo-Nordisk AS Navne-Aktier B | SHS | 1,112,500 | 1,129,900 | 17,400 DKK | 433.800 | 64,758,866.39 | 3.79 |
| Sweden |  |  |  |  |  |  | 67,366,770.11 | 3.94 |
| SE0007100581 | Assa-Abloy AB Namn-Aktier B | SHS | 1,732,520 | 131,110 | 1,446,740 SEK | 190.250 | 31,425,282.33 | 1.84 |
| SE0011166610 | Atlas Copco AB Namn-Aktier | SHS | 953,900 | 65,300 | 585,921 SEK | 395.200 | 35,941,487.78 | 2.10 |
| Switzerland |  |  |  |  |  |  | 140,519,011.75 | 8.20 |
| CH0038863350 | Nestlé S.A. Namens-Aktien | SHS | 703,700 | 193,350 | 177,050 CHF | 104.780 | 69,003,496.33 | 4.03 |
| CH0024608827 | Partners Group Holding AG Namens-Aktien | SHS | 89,840 | 28,065 | 22,975 CHF | 850.600 | 71,515,515.42 | 4.17 |
| UK |  |  |  |  |  |  | 15,840,897.40 | 0.93 |
| GB0001826634 | Diploma PLC Reg.Shares | SHS | 794,000 | 54,400 | 283,900 GBP | 18.230 | 15,840,897.40 | 0.93 |
| USA |  |  |  |  |  |  | 875,583,094.97 | 51.21 |
| US0162551016 | Align Technology Inc. Reg.Shares | SHS | 132,690 | 8,935 | 5,645 USD | 266.480 | 31,507,445.93 | 1.84 |
| US0231351067 | Amazon.com Inc. Reg.Shares | SHS | 28,360 | 5,180 | 5,840 USD | 2,680.380 | 67,734,975.99 | 3.96 |
| US0258161092 | American Express Co. Reg.Shares | SHS | 667,530 | 114,600 | 25,295 USD | 94.520 | 56,221,818.31 | 3.29 |
| US0311001004 | AMETEK Inc. Reg.Shares | SHS | 676,920 | 88,040 | 193,288 USD | 88.110 | 53,146,287.55 | 3.11 |
| US09857L1089 | Booking Holdings Inc. Reg.Shares | SHS | 22,960 | 1,450 | 10,480 USD | 1,593.220 | 32,595,527.91 | 1.91 |
| US2166484020 | Cooper Companies Inc. Reg.Shares | SHS | 226,800 | 229,800 | 3,000 USD | 270.930 | 54,753,329.47 | 3.20 |
| US2788651006 | Ecolab Inc. Reg.Shares | SHS | 306,000 | 122,010 | 8,390 USD | 195.620 | 53,339,024.28 | 3.12 |
| US30303M1027 | Facebook Inc. Reg.Shares Cl.A | SHS | 254,290 | 78,687 | 7,960 USD | 220.640 | 49,994,694.23 | 2.92 |
| US3390411052 | FleetCor Technologies Inc. Reg.Shares | SHS | 231,350 | 89,450 | 6,435 USD | 246.150 | 50,743,419.47 | 2.97 |
| US8064071025 | Henry Schein Inc. Reg.Shares | SHS | 46,770 | 36,350 | 762,320 USD | 58.060 | 2,419,662.46 | 0.14 |
| US4595061015 | Intl Flavors & Fragrances Inc. Reg.Shares | SHS | 549,640 | 104,460 | 65,188 USD | 121.880 | 59,692,691.65 | 3.49 |
| US4612021034 | Intuit Inc. Reg.Shares | SHS | 139,320 | 9,380 | 5,944 USD | 287.920 | 35,743,385.52 | 2.09 |
| US7766961061 | Roper Technologies Inc. Reg.Shares | SHS | 104,980 | 7,060 | 4,437 USD | 385.640 | 36,074,392.69 | 2.11 |
| US78409V1044 | S&P Global Inc. Reg.Shares | SHS | 228,710 | 16,590 | 55,118 USD | 321.290 | 65,477,599.38 | 3.83 |
| US5184391044 | The Estée Lauder Compan. Inc. Reg.Shares Cl.A | SHS | 194,200 | 13,120 | 8,250 USD | 185.650 | 32,125,845.40 | 1.88 |
| US8835561023 | Thermo Fisher Scientific Inc. Reg.Shares | SHS | 197,480 | 14,833 | 56,090 USD | 350.800 | 61,729,546.89 | 3.61 |
| US91324P1021 | UnitedHealth Group Inc. Reg.Shares | SHS | 237,970 | 19,600 | 40,085 USD | 289.760 | 61,442,804.37 | 3.59 |
| US92826C8394 | VISA Inc. Reg.Shares Cl.A | SHS | 366,728 | 25,100 | 15,672 USD | 191.380 | 62,539,010.59 | 3.66 |
| US9297401088 | Westinghouse Air Br. Tech.Corp Reg.Shares | SHS | 162,450 | 86,550 | 390,817 USD | 57.350 | 8,301,632.88 | 0.49 |
| Canada |  |  |  |  |  |  | 31,748,979.54 | 1.86 |
| CA25675T1075 | Dollarama Inc. Reg.Shares | SHS | 1,077,920 | 73,780 | 46,090 CAD | 45.200 | 31,748,979.54 | 1.86 |
| Cayman Islands |  |  |  |  |  |  | 88,192,280.90 | 5.15 |
| US6475811070 | New Oriental Educat.&Techn. |  |  |  |  |  |  |  |
|  | Grp Reg.Shs (Sp.ADRs) | SHS | 293,350 | 19,950 | 12,500 USD | 131.180 | 34,289,733.13 | 2.00 |
| KYG875721634 | Tencent Holdings Ltd. Reg.Shares | SHS | 940,300 | 157,400 | 35,900HKD | 498.600 | 53,902,547.77 | 3.15 |
| Japan |  |  |  |  |  |  | 45,143,828.00 | 2.64 |
| JP3236200006 | Keyence Corp. Reg.Shares | SHS | 121,200 | 8,100 | 5,100 JPY | 45,030.000 | 45,143,828.00 | 2.64 |
| Australia |  |  |  |  |  |  | 26,794,442.07 | 1.57 |
| AU000000CSL8 | CSL Ltd. Reg.Shares | SHS | 152,775 | 10,460 | 59,879 AUD | 287.000 | 26,794,442.07 | 1.57 |
| Securities fund units |  |  |  |  |  |  | 70,568,533.92 | 4.12 |
| Group investment fund units	70,568,533.92	4.12 |
| Luxembourg |  |  |  |  |  | 70,568,533.92 | 4.12 |
| LU1780482011 | AGIF-All.Gl. Eq. Unconstrained |  |  |  |  |  |  |
| LU1449864740 | Inhaber Anteile W9 AGIF-All.Global Smaller Compa. | UNT | 299.282 | 0 | 0 EUR  128,817.800 | 38,552,848.82 | 2.25 |
|  | Inhaber Anteile WT9 | UNT | 267 | 0 | 0 USD  134,567.800 | 32,015,685.10 | 1.87 |
| Total securities | EUR |  | 1,635,848,771.64 | 95.64 |
| Bank deposits, money market instruments, money market funds and money market-related funds |  |  |  |  |
| Bank deposits |  |  |  |  |
| EUR deposits with custodial office |  |  |  |  |
| State Street Bank International GmbH	EUR	 67,373,784.53 | % | 100.000 | 67,373,784.53 | 3.94 |
| Deposits in other EU/EEA currencies |
| State Street Bank International GmbH | DKK | 83.04 | % | 100.000 | 11.14 | 0.00 |

Investment portfolio at 30/06/2020
| ISIN | Securities | Market | Shares/ Units/ Currency | Balance Purchases Redemptions 30/06/2020 in the period under review | Price | Market value EUR | % of net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Deposits in non EU/EEA currencies State Street Bank International GmbH | USD | 293,617.46 | % | 100.000 | 261,632.84 | 0.02 |
| Total bank deposits | EUR | 67,635,428.51 | 3.96 |
| Total bank deposits, money market instruments, money market funds and money market-related funds  30) | EUR | 67,635,428.51 | 3.96 |
| Other assets |  |  |  |  |  |  |
|  | Accrued dividends | EUR | 633,477.20 |  | 633,477.20 | 0.04 |
|  | Receivables from unit transactions | EUR | 645,001.21 |  | 645,001.21 | 0.04 |
|  | Receivables from securities transactions | EUR | 13,021,980.72 |  | 13,021,980.72 | 0.76 |
|  | Receivables from withholding tax refunds | EUR | 2,930,055.03 |  | 2,930,055.03 | 0.17 |
| Total other assets |  |  |  | EUR | 17,230,514.16 | 1.01 |
| Other payables |  |  |  |  |  |  |
|  | Liabilities from unit transactions | EUR | -140,411.49 |  | -140,411.49 | -0.01 |
|  | Liabilities from securities transactions | EUR | -7,365,894.45 |  | -7,365,894.45 | -0.43 |
|  | Accruals | EUR | -2,987,438.22 |  | -2,987,438.22 | -0.17 |
| Total other payables |  |  |  | EUR | -10,493,744.16 | -0.61 |
| Provisions |  |  |  |  |  |  |
|  | Tax provisions | EUR | -2,193.86 |  | -2,193.86 | 0.00 |
| Total provisions |  |  |  | EUR | -2,193.86 | 0.00 |
| Fund assets |  |  |  | EUR | 1,710,218,776.29 | 100.00 |
|  | Total units in circulation of all unit classes |  |  | STK | 5,282,355 |  |

30) 
Cash initial margins may be included in bank deposits.
| Allianz Interglobal A (EUR) |  |
| --- | --- |
| ISIN | DE0008475070 |
| Fund assets | 1,423,039,571.00 |
| Units in circulation | 3,897,604.252 |
| Unit value | 365.11 |
| Allianz Interglobal AT (EUR) |  |
| ISIN | DE0009797688 |
| Fund assets | 200,507,537.07 |
| Units in circulation | 1,340,496.735 |
| Unit value | 149.58 |
| Allianz Interglobal IT (EUR) |  |
| ISIN | DE000A2DU1Z9 |
| Fund assets | 1,048.97 |
| Units in circulation | 1.000 |
| Unit value | 1,048.97 |
| Allianz Interglobal P (EUR) |  |
| ISIN | DE0009797563 |
| Fund assets | 86,670,619.25 |
| Units in circulation | 44,253.374 |
| Unit value | 1,958.51 |

Securities prices/market rates
Fund assets were valued on the basis of the following prices/market rates:
North and South American equities: prices as at 29/06/2020 or last known All other assets: prices/market rates as at 30/06/2020 or last known
Additional information on valuations
The valuation is conducted by the investment management company (IMC).
Equities, subscription rights, exchange-traded funds (ETFs), participation certificates, bonds and exchange-traded derivatives are valued at their market price, provided that a market price is available.
Bonds for which no market price is available are valued at validated broker prices or with the help of regularly reviewed models and on the basis of relevant market information.
Participation certificates for which no market prices are available are valued at the mean of the bid-ask-spread.
Derivatives and subscription rights which are not traded on the market are valued with the help of regularly reviewed models and on the basis of relevant market information.
Investment fund units are valued at the redemption price published by the relevant investment company.
Bank deposits and other assets are valued at their nominal value, term deposits at their current value and liabilities at the repayment value.
Unlisted equities and shareholdings are valued at the current value, which is carefully determined with the help of suitable valuation models, taking account of the current market situation.
The investments reported in this semi-annual report, amounting to 95.64% of fund assets, are valued at stock market trading prices or market prices and 0.00% at imputed current market values and/or verified brokers’ quotations. The remaining 4.36% of fund assets consists of other assets, other liabilities and cash.
Exchange rate(s) and/or conversion factor(s) (indirect quotation) as at 30/06/2020
| UK, Pound Sterling | (GBP) | 1 Euro = GBP | 0.91375 |
| --- | --- | --- | --- |
| Denmark, Krone | (DKK) | 1 Euro = DKK | 7.45230 |
| Sweden, Krona | (SEK) | 1 Euro = SEK | 10.48875 |
| Switzerland, Franc | (CHF) | 1 Euro = CHF | 1.06855 |
| USA, Dollar | (USD) | 1 Euro = USD | 1.12225 |
| Canada, Dollar | (CAD) | 1 Euro = CAD | 1.53460 |
| Japan, Yen | (JPY) | 1 Euro = JPY | 120.89440 |
| Hong Kong, Dollar | (HKD) | 1 Euro = HKD | 8.69780 |
| Australia, Dollar | (AUD) | 1 Euro = AUD | 1.63640 |

Capital measures
All sales revenues resulting from capital measures (technical revenues) are reported as additions or disposals.
Voting
To the extent it was deemed to be in our investors’ interest, we either exercised ourselves or had our agents exercise, in accordance with our instructions, voting rights for equities held by the Fund.
Annex according to Regulation (EU) 2015/2365 with regards to Securities Financing Transactions and Total Return Swaps
This Fund was not invested in any securities financing transactions pursuant to Regulation (EU) 2015/2365 during the reporting period, therefore the following contains no information on this type of transaction.
Transactions carried out during the reporting period no longer listed in the investment portfolio:
– purchases and redemptions of securities, fund units and borrower’s note loans (market allocations as per reporting date):
ISIN	Securities	Shares/	Purchases	Redemptions Units/
Currency
Exchange-traded securities Equities
UK
| GB00B24CGK77 USA | Reckitt Benckiser Group Reg.Shares | SHS | 0 | 397,930 |
| --- | --- | --- | --- | --- |
| US5370081045 | Littelfuse Inc. Reg.Shares | SHS | 0 | 151,100 |
| US78467J1007 | SS&C Technologies Holdings Reg.Shares | SHS | 0 | 673,100 |
| Unlisted securities |  |  |  |  |
| Equities |  |  |  |  |
| Ireland |  |  |  |  |
| IE00B06H8J93 | Irish Bank Resolution i.L. Reg.Shares | SHS | 0 | 1,345,600 |

Information on target funds
Front-end loads and/or redemption fees were not charged or not paid. Management fee
AGIF-All.Gl. Eq. Unconstrained Inhaber Anteile W9	0.53% p.a.
AGIF-All.Global Smaller Compa. Inhaber Anteile WT9	0.53% p.a.

Translation (ENDE, 2020-06-30):
# Inhalt
Allianz Interglobal
Entwicklung von Fondsvermögen und Anteilwert im
Struktur des Fondsvermögens in %
25 21,5
20
15
10
5
0
Gesund- heitswesen
Industrie		Finanz- dienstleister
Informati- onstechno- logie
Grundstoffe	Basiskon-
sumgüter
Konsum zy- klisch
Kommuni- kations- dienste
Investment- anteile
Barreserve, Sonstiges

#### Entwicklung von Fondsvermögen und Anteilwert im 3-Jahresvergleich
|  | 30.06.2020 | 31.12.2019 | 31.12.2018 | 31.12.2017 |
| --- | --- | --- | --- | --- |
| Fondsvermögen in Mio. EUR |  |  |  |  |  |
| - Anteilklasse A (EUR) | WKN: 847 507/ISIN: DE0008475070 | 1.423,0 | 1.415,0 | 1.038,9 | 1.072,7 |
| - Anteilklasse AT (EUR) | WKN: 979 768/ISIN: DE0009797688 | 200,5 | 186,9 | 123,1 | 142,6 |
| - Anteilklasse IT (EUR)  1) | WKN: A2D U1Z/ISIN: DE000A2DU1Z9 | 1.048,97  2) | -- | -- | -- |
| - Anteilklasse P (EUR) | WKN: 979 756/ISIN: DE0009797563 | 86,7 | 68,8 | 33,0 | 39,1 |
| Anteilwert in EUR |  |  |  |  |  |
| - Anteilklasse A (EUR) | WKN: 847 507/ISIN: DE0008475070 | 365,11 | 374,92 | 275,02 | 288,61 |
| - Anteilklasse AT (EUR) | WKN: 979 768/ISIN: DE0009797688 | 149,58 | 153,52 | 112,25 | 117,47 |
| - Anteilklasse IT (EUR)  1) | WKN: A2D U1Z/ISIN: DE000A2DU1Z9 | 1.048,97 | -- | -- | -- |
| - Anteilklasse P (EUR) | WKN: 979 756/ISIN: DE0009797563 | 1.958,51 | 2.004,21 | 1.458,04 | 1.515,41 |

1) 
Auflegungsdatum: 28.04.2020
2) 
Darstellungsweise nicht in Mio. EUR, aufgrund des geringen Fondsvermögens.
| Vermögensübersicht zum 30.06.2020 |  |
| --- | --- |
| Gliederung nach Anlagenart - Land | Kurswert in EUR | % des Fonds- vermögens  *) |  | Gliederung nach Anlagenart - Währung | Kurswert in EUR | % des Fonds- vermögens  *) |
| I. Vermögensgegenstände |  |  |  | I. Vermögensgegenstände |  |  |
| 1. Aktien | 1.565.280.237,72 | 91,52 |  | 1. Aktien | 1.565.280.237,72 | 91,52 |
| Deutschland | 119.957.005,70 | 7,01 |  | AUD | 26.794.442,07 | 1,57 |
| Frankreich | 24.672.925,00 | 1,44 |  | CAD | 31.748.979,54 | 1,86 |
| Irland | 64.702.135,89 | 3,78 |  | CHF | 140.519.011,75 | 8,20 |
| Dänemark | 64.758.866,39 | 3,79 |  | DKK | 64.758.866,39 | 3,79 |
| Schweden | 67.366.770,11 | 3,94 |  | EUR | 144.629.930,70 | 8,45 |
| Schweiz | 140.519.011,75 | 8,20 |  | GBP | 15.840.897,40 | 0,93 |
| Großbritannien | 15.840.897,40 | 0,93 |  | HKD | 53.902.547,77 | 3,15 |
| USA | 875.583.094,97 | 51,21 |  | JPY | 45.143.828,00 | 2,64 |
| Kanada | 31.748.979,54 | 1,86 |  | SEK | 67.366.770,11 | 3,94 |
| Kaiman-Inseln | 88.192.280,90 | 5,15 |  | USD | 974.574.963,99 | 56,99 |
| Japan | 45.143.828,00 | 2,64 |  | 2. Investmentanteile | 70.568.533,92 | 4,12 |
| Australien | 26.794.442,07 | 1,57 |  | EUR | 38.552.848,82 | 2,25 |
| 2. Investmentanteile | 70.568.533,92 | 4,12 |  | USD | 32.015.685,10 | 1,87 |
| Luxemburg | 70.568.533,92 | 4,12 |  | 3. Bankguthaben, Geldmarktpapiere, | 67.635.428,51 | 3,96 |
| 3. Bankguthaben, Geldmarktpapiere, | 67.635.428,51 | 3,96 |  | Geldmarkt- und geldmarktnahe Fonds |  |  |
| Geldmarkt- und geldmarktnahe Fonds |  |  |  | 4. Sonstige Vermögensgegenstände | 17.230.514,16 | 1,01 |
| 4. Sonstige Vermögensgegenstände | 17.230.514,16 | 1,01 |  | II. Verbindlichkeiten | -10.493.744,16 | -0,61 |
| II. Verbindlichkeiten | -10.493.744,16 | -0,61 |  | III. Rückstellungen | -2.193,86 | 0,00 |
| III. Rückstellungen | -2.193,86 | 0,00 |  | IV. Fondsvermögen | 1.710.218.776,29 | 100,00 |
| IV. Fondsvermögen | 1.710.218.776,29 | 100,00 |  |  |  |  |

*) 
Durch Rundung der Prozentanteile bei der Berechnung können geringfügige Run- dungsdifferenzen entstanden sein.
| Vermögensaufstellung zum 30.06.2020 |
| --- |
| ISIN | Gattungsbezeichnung | Markt | Stück bzw. | Bestand | Käufe/	Verkäufe/ | Kurs | Kurswert | % des |
| Börsengehandelte Wertpapiere |  | Anteile bzw. Währung | 30.06.2020 | Zugänge	Abgänge im Berichtszeitraum |  | in EUR 1.565.280.237,72 | Fondsver- mögens 91,52 |
| Aktien |  |  |  |  |  |  | 1.565.280.237,72 | 91,52 |
| Deutschland |  |  |  |  |  |  | 119.957.005,70 | 7,01 |
| DE000A1EWWW0 | adidas AG Namens-Aktien | STK | 133.540 | 133.540 | 0 EUR | 232,400 | 31.034.696,00 | 1,81 |
| DE0005158703 | Bechtle AG Inhaber-Aktien | STK | 161.160 | 40.420 | 44.082 EUR | 156,100 | 25.157.076,00 | 1,47 |
| DE0005785604 | Fresenius SE & Co. KGaA Inhaber-Stammaktien | STK | 1.462.170 | 330.840 | 143.874 EUR | 43,610 | 63.765.233,70 | 3,73 |
| Frankreich |  |  |  |  |  |  | 24.672.925,00 | 1,44 |
| FR0000121014 | LVMH Moët Henn. L. Vuit- |  |  |  |  |  |  |  |
|  | ton SE Action Port.(C.R.) | STK | 63.500 | 63.500 | 0 EUR | 388,550 | 24.672.925,00 | 1,44 |
| Irland |  |  |  |  |  |  | 64.702.135,89 | 3,78 |
| IE00B4BNMY34 | Accenture PLC Reg.Shares Cl.A | STK | 341.350 | 36.050 | 46.700 USD | 212,720 | 64.702.135,89 | 3,78 |
| Dänemark |  |  |  |  |  |  | 64.758.866,39 | 3,79 |
| DK0060534915 | Novo-Nordisk AS Navne-Aktier B | STK | 1.112.500 | 1.129.900 | 17.400 DKK | 433,800 | 64.758.866,39 | 3,79 |
| Schweden |  |  |  |  |  |  | 67.366.770,11 | 3,94 |
| SE0007100581 | Assa-Abloy AB Namn-Aktier B | STK | 1.732.520 | 131.110 | 1.446.740 SEK | 190,250 | 31.425.282,33 | 1,84 |
| SE0011166610 | Atlas Copco AB Namn-Aktier | STK | 953.900 | 65.300 | 585.921 SEK | 395,200 | 35.941.487,78 | 2,10 |
| Schweiz |  |  |  |  |  |  | 140.519.011,75 | 8,20 |
| CH0038863350 | Nestlé S.A. Namens-Aktien | STK | 703.700 | 193.350 | 177.050 CHF | 104,780 | 69.003.496,33 | 4,03 |
| CH0024608827 | Partners Group Holding AG Namens-Aktien | STK | 89.840 | 28.065 | 22.975 CHF | 850,600 | 71.515.515,42 | 4,17 |
| Großbritannien |  |  |  |  |  |  | 15.840.897,40 | 0,93 |
| GB0001826634 | Diploma PLC Reg.Shares | STK | 794.000 | 54.400 | 283.900 GBP | 18,230 | 15.840.897,40 | 0,93 |
| USA |  |  |  |  |  |  | 875.583.094,97 | 51,21 |
| US0162551016 | Align Technology Inc. Reg.Shares | STK | 132.690 | 8.935 | 5.645 USD | 266,480 | 31.507.445,93 | 1,84 |
| US0231351067 | Amazon.com Inc. Reg.Shares | STK | 28.360 | 5.180 | 5.840 USD | 2.680,380 | 67.734.975,99 | 3,96 |
| US0258161092 | American Express Co. Reg.Shares | STK | 667.530 | 114.600 | 25.295 USD | 94,520 | 56.221.818,31 | 3,29 |
| US0311001004 | AMETEK Inc. Reg.Shares | STK | 676.920 | 88.040 | 193.288 USD | 88,110 | 53.146.287,55 | 3,11 |
| US09857L1089 | Booking Holdings Inc. Reg.Shares | STK | 22.960 | 1.450 | 10.480 USD | 1.593,220 | 32.595.527,91 | 1,91 |
| US2166484020 | Cooper Companies Inc. Reg.Shares | STK | 226.800 | 229.800 | 3.000 USD | 270,930 | 54.753.329,47 | 3,20 |
| US2788651006 | Ecolab Inc. Reg.Shares | STK | 306.000 | 122.010 | 8.390 USD | 195,620 | 53.339.024,28 | 3,12 |
| US30303M1027 | Facebook Inc. Reg.Shares Cl.A | STK | 254.290 | 78.687 | 7.960 USD | 220,640 | 49.994.694,23 | 2,92 |
| US3390411052 | FleetCor Technologies Inc. Reg.Shares | STK | 231.350 | 89.450 | 6.435 USD | 246,150 | 50.743.419,47 | 2,97 |
| US8064071025 | Henry Schein Inc. Reg.Shares | STK | 46.770 | 36.350 | 762.320 USD | 58,060 | 2.419.662,46 | 0,14 |
| US4595061015 | Intl Flavors & Fragrances Inc. Reg.Shares | STK | 549.640 | 104.460 | 65.188 USD | 121,880 | 59.692.691,65 | 3,49 |
| US4612021034 | Intuit Inc. Reg.Shares | STK | 139.320 | 9.380 | 5.944 USD | 287,920 | 35.743.385,52 | 2,09 |
| US7766961061 | Roper Technologies Inc. Reg.Shares | STK | 104.980 | 7.060 | 4.437 USD | 385,640 | 36.074.392,69 | 2,11 |
| US78409V1044 | S&P Global Inc. Reg.Shares | STK | 228.710 | 16.590 | 55.118 USD | 321,290 | 65.477.599,38 | 3,83 |
| US5184391044 | The Estée Lauder Compan. Inc. Reg.Shares Cl.A | STK | 194.200 | 13.120 | 8.250 USD | 185,650 | 32.125.845,40 | 1,88 |
| US8835561023 | Thermo Fisher Scientific Inc. Reg.Shares | STK | 197.480 | 14.833 | 56.090 USD | 350,800 | 61.729.546,89 | 3,61 |
| US91324P1021 | UnitedHealth Group Inc. Reg.Shares | STK | 237.970 | 19.600 | 40.085 USD | 289,760 | 61.442.804,37 | 3,59 |
| US92826C8394 | VISA Inc. Reg.Shares Cl.A | STK | 366.728 | 25.100 | 15.672 USD | 191,380 | 62.539.010,59 | 3,66 |
| US9297401088 | Westinghouse Air Br. Tech.Corp Reg.Shares | STK | 162.450 | 86.550 | 390.817 USD | 57,350 | 8.301.632,88 | 0,49 |
| Kanada |  |  |  |  |  |  | 31.748.979,54 | 1,86 |
| CA25675T1075 | Dollarama Inc. Reg.Shares | STK | 1.077.920 | 73.780 | 46.090 CAD | 45,200 | 31.748.979,54 | 1,86 |
| Kaiman-Inseln |  |  |  |  |  |  | 88.192.280,90 | 5,15 |
| US6475811070 | New Oriental Educat.&Techn. |  |  |  |  |  |  |  |
|  | Grp Reg.Shs (Sp.ADRs) | STK | 293.350 | 19.950 | 12.500 USD | 131,180 | 34.289.733,13 | 2,00 |
| KYG875721634 | Tencent Holdings Ltd. Reg.Shares | STK | 940.300 | 157.400 | 35.900HKD | 498,600 | 53.902.547,77 | 3,15 |
| Japan |  |  |  |  |  |  | 45.143.828,00 | 2,64 |
| JP3236200006 | Keyence Corp. Reg.Shares | STK | 121.200 | 8.100 | 5.100 JPY | 45.030,000 | 45.143.828,00 | 2,64 |
| Australien |  |  |  |  |  |  | 26.794.442,07 | 1,57 |
| AU000000CSL8 | CSL Ltd. Reg.Shares | STK | 152.775 | 10.460 | 59.879 AUD | 287,000 | 26.794.442,07 | 1,57 |
| Wertpapier-Investmentanteile |  |  |  |  | 70.568.533,92 | 4,12 |
| Gruppeneigene Wertpapier-Investmentanteile |  |  |  |  | 70.568.533,92 | 4,12 |
| Luxemburg |  |  |  |  | 70.568.533,92 | 4,12 |
| LU1780482011	AGIF-All.Gl. Eq. Unconstrai- |  |  |  |  |  |  |
| ned Inhaber Anteile W9 LU1449864740	AGIF-All.Global Smaller Compa. | ANT | 299,282 | 0 | 0 EUR  128.817,800 | 38.552.848,82 | 2,25 |
| Inhaber Anteile WT9 | ANT | 267 | 0 | 0 USD  134.567,800 | 32.015.685,10 | 1,87 |
| Summe Wertpapiervermögen |  |  |  | EUR | 1.635.848.771,64 | 95,64 |
| Bankguthaben, Geldmarktpapiere, Geldmarkt- und geldmarktnahe Fonds |  |  |  |  |  |  |
| Bankguthaben |  |  |  |  |  |  |
| EUR-Guthaben bei der Verwahrstelle |  |  |  |  |  |  |
| State Street Bank International GmbH | EUR | 67.373.784,53 |  | %	100,000 | 67.373.784,53 | 3,94 |
| Guthaben in sonstigen EU/EWR-Währungen |
| State Street Bank International GmbH | DKK | 83,04 | % | 100,000 | 11,14 | 0,00 |


#### Vermögensaufstellung zum 30.06.2020
| ISIN | Gattungsbezeichnung | Markt	Stück bzw. | Bestand | Käufe/	Verkäufe/ |  | Kurs | Kurswert | % des |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  | Anteile bzw. Währung | 30.06.2020 | Zugänge	Abgänge im Berichtszeitraum |  |  | in EUR | Fondsver- mögens |
| Guthaben in | Nicht-EU/EWR-Währungen |  |  |  |  |  |  |  |
|  | State Street Bank International GmbH | USD | 293.617,46 |  | % | 100,000 | 261.632,84 | 0,02 |
| Summe Bankguthaben |  | EUR | 67.635.428,51 | 3,96 |
| Summe der Bankguthaben, Geldmarktpapiere, Geldmarkt- und geldmarktnahe Fonds  30) |  | EUR | 67.635.428,51 | 3,96 |
| Sonstige Vermögensgegenstände |  |  |  |  |
| Dividendenansprüche	EUR | 633.477,20 |  | 633.477,20 | 0,04 |
| Forderungen aus Anteilscheingeschäften	EUR | 645.001,21 |  | 645.001,21 | 0,04 |
| Forderungen aus Wertpapiergeschäften	EUR | 13.021.980,72 |  | 13.021.980,72 | 0,76 |
| Forderungen aus Quellensteuerrückerstattung	EUR | 2.930.055,03 |  | 2.930.055,03 | 0,17 |
| Summe Sonstige Vermögensgegenstände |  | EUR | 17.230.514,16 | 1,01 |
| Sonstige Verbindlichkeiten |  |  |  |  |
| Verbindlichkeiten aus Anteilscheingeschäften	EUR | -140.411,49 |  | -140.411,49 | -0,01 |
| Verbindlichkeiten aus Wertpapiergeschäften	EUR | -7.365.894,45 |  | -7.365.894,45 | -0,43 |
| Kostenabgrenzung	EUR | -2.987.438,22 |  | -2.987.438,22 | -0,17 |
| Summe Sonstige Verbindlichkeiten |  | EUR | -10.493.744,16 | -0,61 |
| Rückstellungen |  |  |  |  |
| Steuerrückstellungen	EUR | -2.193,86 |  | -2.193,86 | 0,00 |
| Summe Rückstellungen |  | EUR | -2.193,86 | 0,00 |
| Fondsvermögen |  | EUR | 1.710.218.776,29 | 100,00 |
| Summe der umlaufenden Anteile aller Anteilklassen |  | STK | 5.282.355 |  |

30) 
Im Bankguthaben können Cash Initial Margin enthalten sein
.
| Allianz Interglobal A (EUR) |  |
| --- | --- |
| ISIN | DE0008475070 |
| Fondsvermögen | 1.423.039.571,00 |
| Umlaufende Anteile | 3.897.604,252 |
| Anteilwert | 365,11 |
| Allianz Interglobal AT (EUR) |  |
| ISIN | DE0009797688 |
| Fondsvermögen | 200.507.537,07 |
| Umlaufende Anteile | 1.340.496,735 |
| Anteilwert | 149,58 |
| Allianz Interglobal IT (EUR) |  |
| ISIN | DE000A2DU1Z9 |
| Fondsvermögen | 1.048,97 |
| Umlaufende Anteile | 1,000 |
| Anteilwert | 1.048,97 |
| Allianz Interglobal P (EUR) |  |
| ISIN | DE0009797563 |
| Fondsvermögen | 86.670.619,25 |
| Umlaufende Anteile | 44.253,374 |
| Anteilwert | 1.958,51 |


### Wertpapierkurse bzw. Marktsätze
Die Vermögensgegenstände des Sondervermögens sind auf der Grundlage nachstehender Kurse/Marktsätze bewertet:
Aktien Nord- und Südamerika: Kurse per 29.06.2020 oder letztbekannte
Alle anderen Vermögenswerte: Kurse bzw. Marktsätze per 30.06.2020 oder letztbekannte

### Ergänzende Anmerkung zur Bewertung
Die Bewertung erfolgt durch die Kapitalverwaltungsgesellschaft (KVG).
Aktien, Bezugsrechte, Börsennotierte Fonds (ETFs), Genussscheine, Rentenpapiere und börsengehandelte Derivate werden, sofern vorhanden, grundsätz- lich mit handelbaren Börsenkursen bewertet.
Rentenpapiere, für die keine handelbaren Börsenkurse vorliegen, werden mit validierten Kursstellungen von Brokern oder unter Einbeziehung der relevan- ten Marktinformationen im Rahmen von regelmäßig überprüften Modellen bewertet.
Genussscheine, für die keine handelbaren Börsenkurse vorliegen, werden mit dem Mittelwert von Bid- und Ask-Kurs bewertet.
Nicht börsengehandelte Derivate und Bezugsrechte werden unter Einbeziehung der relevanten Marktinformationen im Rahmen von regelmäßig über- prüften Modellen bewertet.
Investmentfondsanteile werden mit dem von der Investmentgesellschaft veröffentlichten Rücknahmepreis bewertet.
Bankguthaben und Sonstige Vermögensgegenstände werden zum Nennwert, Festgelder zum Verkehrswert und Verbindlichkeiten zum Rückzahlungsbe- trag bewertet.
Nicht notierte Aktien und Beteiligungen werden zu dem aktuellen Verkehrswert bewertet, der bei sorgfältiger Einschätzung nach geeigneten Bewertungs- modellen unter Berücksichtigung der aktuellen Marktgegebenheiten angemessen ist.
Die in diesem Halbjahresbericht ausgewiesenen Anlagen werden i.H.v. 95,64% des Fondsvermögens mit handelbaren Börsenkursen oder Marktpreisen und 0,00% zu abgeleiteten Verkehrswerten bzw. validierten Kursstellungen von Brokern bewertet. Die verbleibenden 4,36% des Fondsvermögens bestehen aus Sonstigen Vermögensgegenständen, Sonstigen Verbindlichkeiten sowie Barvermögen.
Devisenkurs(e) bzw. Konversionsfaktor(en) (in Mengennotiz) per 30.06.2020
| Großbritannien, Pfund | (GBP) | 1 Euro = GBP | 0,91375 |
| --- | --- | --- | --- |
| Dänemark, Kronen | (DKK) | 1 Euro = DKK | 7,45230 |
| Schweden, Kronen | (SEK) | 1 Euro = SEK | 10,48875 |
| Schweiz, Franken | (CHF) | 1 Euro = CHF | 1,06855 |
| USA, Dollar | (USD) | 1 Euro = USD | 1,12225 |
| Kanada, Dollar | (CAD) | 1 Euro = CAD | 1,53460 |
| Japan, Yen | (JPY) | 1 Euro = JPY | 120,89440 |
| Hongkong, Dollar | (HKD) | 1 Euro = HKD | 8,69780 |
| Australien, Dollar | (AUD) | 1 Euro = AUD | 1,63640 |


### Kapitalmaßnahmen
Alle Umsätze, die aus Kapitalmaßnahmen hervorgehen (technische Umsätze), werden als Zu- oder Abgang ausgewiesen.

### Stimmrechtsausübung
Stimmrechte aus den im Fonds enthaltenen Aktien haben wir, soweit es im Interesse unserer Anleger geboten erschien, entweder selbst wahrgenommen oder durch Beauftragte nach unseren Weisungen ausüben lassen.

### Zusätzliche Anhangangaben gemäß der Verordnung (EU) 2015/2365 betreffend Wertpapierfinanzierungsgeschäfte
Der betrachtete Fonds war während des Berichtszeitraums in keinerlei Wertpapierfinanzierungsgeschäfte nach Verordnung (EU) 2015/2365 investiert, weshalb im Folgenden kein Ausweis zu dieser Art von Geschäften gemacht wird.

#### Während des Berichtszeitraumes abgeschlossene Geschäfte, soweit sie nicht mehr in der Vermögensaufstellung erscheinen:
- Käufe und Verkäufe in Wertpapieren, Investmentanteilen und Schuldscheindarlehen (Marktzuordnung zum Berichtsstichtag):
| ISIN | Gattungsbezeichnung | Stück bzw. | Käufe/ | Verkäufe/ |
| --- | --- | --- | --- | --- |
|  |  | Anteile bzw. Währung | Zugänge | Abgänge |

Börsengehandelte Wertpapiere Aktien
Großbritannien
GB00B24CGK77	Reckitt Benckiser Group Reg.Shares	STK	0	397.930
USA
US5370081045	Littelfuse Inc. Reg.Shares	STK	0	151.100
US78467J1007	SS&C Technologies Holdings Reg.Shares	STK	0	673.100
Nichtnotierte Wertpapiere Aktien
Irland
IE00B06H8J93	Irish Bank Resolution i.L. Reg.Shares	STK	0	1.345.600

#### Angaben zu Zielfonds
Ausgabeaufschläge und oder Rücknahmeabschläge wurden nicht erhoben und oder nicht gezahlt. Verwaltungsvergütung
AGIF-All.Gl. Eq. Unconstrained Inhaber Anteile W9	0,53% p.a.
AGIF-All.Global Smaller Compa. Inhaber Anteile WT9	0,53% p.a.