• Seeks to invest primarily in dividend-paying securities, which can offer some stability during periods of market turbulence.
• Dividends can contribute significantly to a stock's total return.
• Managers include a founder of NFJ, Ben Fischer, who is a value specialist with longtime investment experience.

• Screen for positive fundamentals-Apply a screen for positive fundamental characteristics to a universe of approximately 1,000 stocks.
• Conduct in-depth research and analysis-Research each of the remaining 150-200 possible investments, looking for companies with low price-to-earnings multiples, dividend yields, and positive prospective earnings, as well as other qualitative metrics.
• Restrict industry concentrations-Avoid overexposure to any one sector by restricting the number of stocks held in a single industry.
• Construct portfolio-Select approximately 40-60 of the most attractive securities identified, diversified across industries.  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. Generally, sell a stock when an alternative stock with strong fundamentals demonstrates a lower price-to-earnings ratio, a higher dividend yield, or other qualitative metrics.

Growth Potential
Allianz NFJ Dividend Value Fund seeks to invest in stocks that provide income through dividends. Stocks that pay dividends can be less volatile than stocks that don't because investors are more inclined to hold onto income-paying stocks through down markets. And reinvested dividends may boost total returns.

Expert Management
Allianz NFJ Dividend Value Fund is managed by (Ben Fischer, R. Burns McKinney, Thomas Oliver, Paul Magnuson, and Jeffrey Partenheimer) equity specialists who average 20 years of industry experience.

Performance
While past performance is no guarantee of future results, Allianz NFJ Dividend Value Fund has posted competitive returns for its shareholders. For complete standardized returns please select the Performance tab at the top of this page. This combination of capital appreciation plus dividend potential has made the Fund an attractive choice for investors looking to manage risk.

Ben Fischer, CFA, 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.

Paul Magnuson is a Managing Director and a Portfolio Manager at NFJ. He has worked in equity analysis and portfolio management since 1985. He received his B.B.A. in finance from the University of Nebraska.

R. Burns McKinney, CFA, is a Portfolio Manager who joined NFJ in 2006. His previous investment experience includes equity research and analysis at Evergreen Investments and Merrill Lynch, where he was a Vice President of equity research. He holds an M.B.A. from the Wharton School and a B.A. from Dartmouth.

Thomas W. Oliver, CPA, 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.

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

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.