https://www.sec.gov/Archives/edgar/data/1423227/000119312519004416/d670751d497.htm 1 d670751d497.htm ALLIANZ FUNDS MULTI-STRATEGY TRUST
Filed pursuant to Rule 497(e)
File Nos. 333-148624 and 811-22167
ALLIANZ FUNDS MULTI-STRATEGY TRUST
Supplement dated January 8, 2019 to the
Statutory Prospectus for Class A, Class C, Class T, Class R6, Institutional Class, Administrative Class
and Class P Shares of Allianz Funds Multi-Strategy Trust,
Dated February 1, 2018 (as supplemented thereafter)
Disclosure Related to AllianzGI International Growth Fund
BOARD APPROVAL OF REORGANIZATION OF
ALLIANZGI INTERNATIONAL GROWTH FUND WITH AND INTO
A NEWLY-CREATED SERIES OF NATIONWIDE MUTUAL FUNDS
On January 7, 2019, the Board of Trustees of Allianz Funds Multi-Strategy Trust approved an Agreement and Plan of Reorganization pursuant to which AllianzGI International Growth Fund (the “Existing Fund”) would be reorganized with and into Nationwide International Growth Fund (the “New Fund” and together with the Existing Fund, the “Funds”), a corresponding, newly-created series of Nationwide Mutual Funds (the “Reorganization”). The Reorganization is subject to the satisfaction of a number of conditions, including approval by the shareholders of the Existing Fund at a special meeting of the shareholders expected to be held in the second quarter of 2019 (the “Closing Conditions”). If the Closing Conditions are satisfied, the Reorganization is expected to occur in the third quarter of 2019, although the Reorganization may be delayed.
Following the Reorganization (assuming the satisfaction of the Closing Conditions), Nationwide Fund Advisors (“Nationwide”), will serve as investment adviser to the New Fund. Nationwide Fund Management LLC will serve as the administrator and transfer agent to the New Fund.
The Fund’s current adviser, Allianz Global Investors U.S. LLC (“AllianzGI U.S.”), will serve as the sub-adviser following the Reorganization. The New Fund’s portfolio will be managed by the same AllianzGI U.S. personnel involved in the day-to-day management of the Existing Fund. The New Fund will have an identical investment objective and substantially similar strategies, policies and restrictions to those of the Existing Fund. In the Reorganization (assuming the satisfaction of the Closing Conditions), the New Fund will receive all of the assets and assume all of the liabilities of the Existing Fund, and the Existing Fund’s shareholders will receive shares of the New Fund in exchange for their shares of the Existing Fund. Shareholders of Class A and Institutional Class shares of the Existing Fund will receive Class A and Class R6 shares of the New Fund, respectively, of the New Fund...
