Focused exclusively on dividend-paying value stocks

Allianz NFJ Dividend Value Fund is a pure deep value fund with a record of consistent performance that can serve as a core stock holding for many investors. Focused on dividend-paying stocks, the Fund offers potential for attractive income and capital appreciation. The Fund’s attention to risk management is a hallmark of NFJ Investment Group.

Disciplined, time-tested, value investment style

In an effort to strike the most attractive risk/reward balance, NFJ Investment Group pursues long-term capital appreciation while using a “3D” strategy emphasizing discipline, diversification and dividends to manage risk. This approach can help cushion against price declines and contribute to total return.

Experienced investment team

NFJ Investment Group’s tightly knit investment team represents longtime value investing experience. Investment professionals serve as both research analysts and portfolio managers, a structure that adds value by encouraging the free flow of ideas and vigorous debate.

Commitment to risk management

NFJ Investment Group seeks to avoid the risk of over-focusing the portfolio on a single industry by placing strict limits on industry and issue concentrations. (Please note, with a value fund, the broad market may not share this manager’s value analysis of a stock.)

• 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.

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, CFA and 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.

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.