• Employs a "growth-at-a-reasonable-price" philosophy, allowing it to invest in companies that exhibit both growth and value characteristics.

• The Fund Managers adhere to a strict screening process that enables them to consistently pursue a favorable balance of growth and value characteristics.

• Management team rescreens the universe frequently and seeks to consistently achieve a favorable balance of growth and value.

Growth Potential
Investing in stocks has proven to be one of the best ways to grow assets and stay ahead of rising costs and taxes. Historically, returns from stock investments have outpaced the returns of many other types of investments in exchange for greater risk.

Expert Management

Allianz CCM Capital Appreciation Fund is managed by William Bannick and Robert Fitzpatrick. William Bannick is Managing Director of Cadence Capital Management and co-manager of Allianz CCM Capital Appreciation Fund. He is a CFA Charterholder and received his B.S. from the University of Massachusetts and M.B.A. from Boston University.

Robert Fitzpatrick joined Cadence Capital Management in 1999 as a member of the investment team. He brings a valuable background in research and analysis to his current role as portfolio manager and Managing Director.

The team utilizes the "growth-at-a-reasonable-price" philosophy. This process seeks to select large-cap stocks that the managers believe have strong growth potential, and are reasonably priced (have lower P/Es).

Growth With Value
Using a blend of growth and value investing styles, the Fund seeks large-cap growth stocks that the manager feels are fairly valued by the market. This focus on growth potential with attention to price can help protect the Fund from the risk of buying overvalued stocks.

Performance
While past performance is no guarantee of future results, Allianz CCM Capital Appreciation Fund has posted solid returns over both the short and long term. For a complete display of the Fund’s returns choose the Fund Statistics tab at the top of this page.

For more information on Allianz CCM Capital Appreciation Fund, choose any of the profile features at the top of this page. Or, if you prefer to have literature mailed to you, click on the Literature tab above to complete an order form.

• Quantitative screening-Apply a systematic selection screen to a universe of approximately 1,000 large-cap stocks. Each stock is ranked by growth and price considerations.
• Qualitative research-Identify the approximately 100 stocks with the most favorable profiles and subject these to in-depth research.
• Make investment decisions-Select the securities that offer the best combination of sound value and promising growth potential. Continually monitor and analyze the list of opportunities for additional buy candidates.
• Apply rigid sell discipline-Sell holdings when a security shows declining earnings expectations or announces a negative earnings surprise. Holdings are also sold when a security reaches excessive relative valuations and/or when a security grows to represent more than 2% of a total portfolio.

William Bannick is Chief Investment Officer, Managing Director, and Portfolio Manager at Cadence Capital Management.

Robert Fitzpatrick is a Portfolio Manager and Managing Director at Cadence Capital Management.

Mike Skillman is Chief Executive Officer, Managing Director and Portfolio Manager at Cadence Capital Management.

Boston, Massachusetts

Cadence Capital Management is a "growth-at-a-reasonable-price" equity manager investing in stocks with strong growth potential and reasonable valuations. The firm's sensible investment philosophy and disciplined approach have earned Cadence a reputation as a solid core-equity manager.