UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934

(Amendment No.    )

Filed by the Registrant ☒                                    Filed by a Party other than the Registrant ☐

Check the appropriate box:

☐   Preliminary Proxy Statement

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☐   Definitive Proxy Statement

☒   Definitive Additional Materials

☐   Soliciting Materials Pursuant to §240.14a-12

Allianz Funds

Allianz Funds Multi-Strategy Trust

1633 Broadway

New York, New York 10019

(Name of Registrant as Specified In Its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

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THIS FILING CONSISTS OF A LETTER TO SHAREHOLDERS OF THE SERIES OF ALLIANZ FUNDS AND ALLIANZ FUNDS MULTI-STRATEGY TRUST RELATED TO THE COMBINED SPECIAL MEETING OF SHAREHOLDERS, HELD VIRTUALLY ON OCTOBER 28, 2020 AND ADJOURNED UNTIL NOVEMBER 24, 2020, AND THE RELATED PROXY STATEMENT.

November 2020

URGENT

Re: Your investment with Allianz Global Investors Funds.

Dear Shareholder,

We have attempted to contact you regarding an important matter pertaining to your investment in Allianz Global Investors Funds.

Please contact us immediately at 1-833-934-2736 Monday through Friday between the hours of 9:00 a.m. to 10:00 p.m. Eastern time.

This matter is very important and will only take a moment of your time.

Broadridge Financial Solutions has been engaged by Allianz Global Investors to contact you.

Thank you in advance for your assistance with this matter.

Sincerely,

Michael Collins

Vice President and General Manager