• Members of the Portfolio Management Team adhere to a strict value discipline, seeking fundamentally sound companies seen as undervalued.
• Employs a disciplined investment process that combines quantitative stock screening with fundamental research.
• Broad industry diversification may help reduce risk.
• Seeks to invest primarily in dividend-paying securities, which can offer some stability during periods of market turbulence.

• Search for positive fundamentals—Apply a screen for positive fundamental characteristics to a universe of approximately 300 stocks.
• Conduct in-depth research and analysis—Research each of the remaining 75-100 possible investments, looking for companies with low price-to-earnings multiple, dividend yields, positive prospective earnings and quality operations.
• 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 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 multiple, a  higher dividend yield, or other qualitative metrics.  

Potential of Undervalued Stocks

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

Expert Management

The Allianz NFJ Large-Cap Value Fund team adheres to a strict value discipline, seeking fundamentally sound dividend-paying large-cap companies that are undervalued.

Performance

While past performance is no guarantee of future results, Allianz NFJ Large-Cap 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.

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.