Allianz Global Investors US Holdings LLC (“AllianzGI US”) is making distribution payments to shareholders determined to be entitled to remediation as a result of over-accruals of payables on Administrative Class shares of two series of Allianz Funds, which means that the Funds reserved for payment more than they owed. The two funds with impacted Administrative Class shares are AllianzGI NFJ Dividend Value Fund and AllianzGI NFJ Small-Cap Value Fund (the “Funds”). The distributions have been calculated for the period from July 2012 through January 2021 (the “Distribution Period”). The Funds were adopted into the Virtus Funds family on February 1, 2021, at which time the over-accruals ceased and Allianz Funds changed its name to Virtus Investment Trust.

Affected Funds: