Broad alternatives = Property + Equities (unlisted) + Other loans & mortgages + Collateralised securities + CIUs | Direct private markets = Property + Equities (unlisted) + Other loans & mortgages | CIUs = Collective Investment Undertakings | Source: Solvency II Wire Data | Allianz Group (812c6c8b-23eb-4d28-a4c3-47c3390b66a2)