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ALLIANZ FUNDS PROFILE 
All data as of 07.31.08, unless otherwise indicated. 
Allianz NFJ All-Cap Value Fund A (PNFAX)
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About this Fund Performance Portfolio Review & Outlook Literature
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Fund Overview
Highlights
  • Portfolio Manager adheres to a strict value discipline, seeking fundamentally sound companies that are seen as undervalued. 
  • Manager selects companies from existing NFJ portfolios.
  • Each holding is expected to pay a dividend, which can offer cushioning during periods of market fluctuation.
Investment Process
  • Screen NFJ portfolios—Review the holdings in other NFJ domestic portfolios. These holdings have already satisfied NFJ's investment criteria, including low price-to-earnings multiple, a high dividend yield, positive prospective earnings and quality operations.
  • Restrict industry concentrations and analysis—Attempts to avoid overexposure to any one sector by restricting the number of stocks held in a single industry.
  • Construct portfolio—Select 35-50 of the most attractive securities across the market capitalization range. Each holding is expected to pay a dividend.
  • Regularly monitor for buy and sell candidates—Continually repeat the research process to identify new buy and sell candidates. Sell a stock when an alternative stock with equally strong fundamentals demonstrates a substantially higher dividend yield or a substantially lower valuation.
Why Invest in this Fund

Potential of Undervalued Stocks

Investors often focus on a few high growth sectors, allowing strong opportunities in other industries to go unnoticed.  Allianz NFJ All-Cap Value Fund may be a beneficial way to invest in these undervalued stocks.

 

Expert Management

NFJ Investment Group has a strong track record and consists of a team of managers dedicated to a pure, deep value approach to equity investing.  Each of these professionals participates in the investment process, serving as portfolio manager and securities analyst.  This team approach means broader resources are committed to portfolio construction.

 

Risk Management

NFJ adheres to a strict value philosophy, seeking undervalued, fundamentally sound companies.  What sets the firm apart from other vaue-oriented managers is its emphasis on risk management.  To temper the risks associated with equity investing, NFJ maintains braod industry diversification and expects that each stock in Allianz NFJ All-Cap Value Fund to pay a dividend - a characteristic the believe is an important sign of financial stability.
At A Glance
Symbol Lookup
 
Symbol
CUSIP
A Shares
PNFAX
018919126
Objective
Seeks long-term capital appreciation

Primary Portfolio
Equity securities of companies in a broad range of capitalizations with below average valuations

Total Fund Assets (in millions)
$31.0

Inception Date
Jul 19, 2002

Dividend Frequency
Annual

Maximum Sales Charge
5.50%

Expense Ratio *
1.330%

> Share Class Pricing

Manager
Ben Fischer


 Ben Fischer is Managing Director and Portfolio Manager of NFJ Investment Group. A founding partner of NFJ, Mr. Fischer's experience in the value sector began in 1966.

Manager
Thomas W. Oliver

Thomas W. Oliver is a Portfolio Manager who joined NFJ in 2005. Prior to this he was a manager of corporate reporting at Perot Systems, and before that was an auditor with Deloitte & Touche. He is a CPA.

Manager
Jeffrey S. Partenheimer


 Jeffrey Partenheimer is a Principal and a Portfolio Manager at NFJ Investment Group.  His experience in financial analysis, portfolio management and large corporate finance began in 1985.

Management Firm
NFJ Investment Group L.P. (NFJ)

Dallas, Texas

NFJ employs a deep value equity investment style that focuses on dividends, discipline and diversification. Over the years, the firm's strict adherence to this approach has helped it to deliver consistent results for investors with lower-than-average risk.



> Management Commentary

Investors should consider the investment objectives, risks, charges and expenses of this Fund carefully before investing. This and other information is contained in the Fund´s prospectus, which may be obtained by contacting your financial advisor, or by calling 888-877-4626. Click here for the Fund´s prospectus. Please read this prospectus carefully before you invest or send money.

* Expense Ratio reflects any contractual expense reductions currently in place for this fund.

Past performance is no guarantee of future results. Investment return and the principal value of an investment will fluctuate. Shares may be worth more or less than original cost when redeemed.

This is not an offer or solicitation for the purchase or sale of any financial instrument. It is presented only to provide information on investment strategies and opportunities. The material contains the current opinions of the author, which are subject to change without notice. Statements concerning financial market trends are based on current market conditions, which will fluctuate. References to specific securities and issuers are for illustrative purposes only and are not intended to be, and should not be interpreted as, recommendations to purchase or sell such securities.

 

There is no guarantee that dividend-paying stocks will continue to pay dividends. Price-to-earnings is a ratio of security price to earnings per share. Typically, an undervalued security is characterized by a low P/E ratio, while an overvalued security is characterized by a high P/E ratio.

 

The Fund may invest in value securities and in smaller companies. The Fund may also invest in non-U.S. securities. When investing in value securities, the market may not necessarily have the same value assessment as the manager, and, therefore, the performance of the securities may decline. Investing in smaller companies may entail greater risk than investing in larger companies, including higher volatility. Investing in non-U.S. securities may entail risk due to foreign economic and political developments; this risk may be enhanced when investing in emerging markets. Focusing investments in a smaller number of issuers increases risk. This Fund may use derivative instruments for hedging purposes or as part of its investment strategy. Use of these instruments may involve certain costs and risks such as liquidity risk, interest rate risk, market risk, credit risk, management risk and the risk that a fund could not close out a position when it would be most advantageous to do so. Portfolios investing in derivatives could lose more than the principal amount invested in those instruments.

 

PIMCO Funds and Allianz Funds are distributed by Allianz Global Investors Distributors LLC, 1345 Avenue of the Americas, New York, NY 10105-4800, www.allianzinvestors.com, 1-888-877-4626.
Investment Products: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED
CLICK TO VIEW OUR BUSINESS CONTINUITY PLAN, PROXY POLICIES & VOTING RECORDS, OR OUR PRIVACY POLICY.
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