• Employs Nicholas-Applegate’s systematic investment process, which combines disciplined quantitative stock selection with fundamental research.
• Focuses on an investment universe of U.S. companies that fall within the market capitalization range of the Russell Midcap Growth Index.
• Targets a portfolio of 80-100 medium capitalization stocks.
  

Dynamic Growth Potential
Mid-cap stocks offer investors an attractive opportunity to add diversification to their portfolios, as well as to invest in the breeding ground for tomorrow’s large-cap leaders. Mid-cap stocks offer dynamic growth potential as they are more nimble than larger firms, while tending to have longer histories of success than small-cap companies.

Model-Driven Investment Process
Investors and managers have biases that can affect their decisions and, in turn, the market value of individual securities. Nicholas-Applegate’s systematic investment process uses an objective, quantitative stock selection model to try to exploit the inefficiencies that result from investor behavior. The Fund applies this model to its mid-cap stock universe, then uses fundamental analysis to further evaluate each potential investment before it is purchased for the portfolio.

Access to a Premier Investment Firm
Founded in 1984, Nicholas-Applegate boasts an impressive list of institutional clients and has more than $14.0 billion in assets under management (as of December 31, 2007).  The firm’s Systematic Team has been managing quantitative strategies since 1990, bringing a depth of experience to the Allianz NACM Mid-Cap Growth Fund.

• Through a dynamic set of fundamental factors, Nicholas-Applegate's mid-cap growth equity model ranks stocks based on their prospects for positive change, sustainability, and timeliness.
• The fundamental factors used in the process are the result of rigorous testing to ensure they have demonstrated value-added over time.
• The resultant investment ideas are reviewed by the portfolio management team to confirm and test investment thesis before final purchase.
• Risk management system reviews portfolios daily utilizing both attribution and portfolio analysis.
  

Jane Edmondson has been a member of the systematic team at NACM since 2000. Jane holds an M.B.A. in Finance from San Diego State University.

Mark Roemer joined Nicholas-Applegate in 2001 as a member of the Systematic team. He began his investment career in 1996.

Horacio Valeiras is Chief Investment Officer of the firm as well as Head of the research team that oversees Nicholas-Applegate's systematic equity strategies.

San Diego, California

Nicholas-Applegate applies a change-focused investment philosophy to domestic and international portfolios across fundamental and systematic equity, income and growth strategies. Each strategy in the firm's diverse line-up follows one of two signature approaches: traditional or model-driven.