AllianzGI International & Premium Strategy Fund is a diversified, closed-end management investment company. The Fund�s investment objective is to seek total return consisted of current income, current gains and long-term capital appreciation. Under normal market conditions the Fund pursues its investment objective by investing in a diversified portfolio of equity securities of companies located outside of the United States. The Fund also employs strategy of writing (selling) call options primarily on equity indexes in an attempt to generate gains from option premiums. It invests in various sectors, such as biotechnology, commercial banks, commercial services and supplies, food and staples retailing, metals and mining, chemicals, construction and engineering, pharmaceuticals, auto components and electric utilities. The Fund�s investment manager is Allianz Global Investors Fund Management LLC.