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ALLIANZ FUNDS PROFILE 
All data as of 10.31.09, unless otherwise indicated. 
Allianz RCM Strategic Growth Fund A (ARCAX)
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Fund Overview
Highlights
  • An unconstrained, aggressive growth fund that targets stocks of all market capitalizations and industries that have substantial capital appreciation potential over the next 6 - 24 months, but appear inefficiently priced.
  • Uses derivatives in efforts to enhance investment returns, hedge against portfolio risks, and/or obtain market exposure with reduced transaction costs. Long biased.
  • May experience greater price volatility than funds employing less aggressive strategies; derivatives may either magnify or limit the Fund's gains and losses, depending upon the particular derivative strategies used.
Why Invest in this Fund

Allianz RCM Strategic Growth Fund aims to capture the best growth ideas of RCM's senior investment professionals and provide flexibility in how they manage equity exposure. While the Fund's returns will mainly be driven by its stock holdings, RCM may also use option strategies to exploit market inefficiencies and further express their investment thesis.

 

RCM Is an Experienced, Informed Manager

  • RCM places a unique emphasis on global information and information flow. By generating and capitalizing on this “information advantage,” RCM seeks to deliver superior and consistent investment results for the Fund’s shareholders.
  • RCM is a truly global firm. In lieu of a central headquarters, their offices are strategically located in key financial centers around the world—including San Francisco, London, Frankfurt, Hong Kong, Sydney and Tokyo.
  • RCM uses a distinctive dual research platform—consisting of their sector-based fundamental global research platform and unique GrassrootsSM Research division—to provide deep, bottom-up insight into a company’s fundamentals from a country, regional and global perspective.

 
Investment Process

RCM is a fundamental, bottom-up, research-driven organization focused on identifying the best risk adjusted investments. The manager places substantial emphasis on original research developed through its Fundamental and GrassrootsSM Research efforts to capitalize on inefficiencies across the market capitalization spectrum. Stock ideas are primarily generated internally, through several resources including the research platform. External research sources are also utilized. Potential investments must meet rigorous growth, quality, and valuation criteria. RCM purchases securities whose growth in earnings, dividends and/or cash flow are expected to provide a total return in excess of the market. Sector/industry selection, as well as capitalization range decisions are primarily a result of identifying superior securities. However, RCM does monitor allocations to ensure they are only taking measured positions away from the benchmark.
At A Glance
Symbol Lookup
 
Symbol
CUSIP
A Shares
ARCAX
018920769
Objective
Seeks capital appreciation

Primary Portfolio
Equity and equity-related instruments and derivatives of companies of all market capitalizations

Total Fund Assets (in millions)
$8.1

Inception Date
Mar 31, 2006

Dividend Frequency
At Least Annually

Maximum Sales Charge
5.50%

Net Expense Ratio
1.710%

Gross Expense Ratio
-

> Share Class Pricing

Manager
Raphael Edelman

Raphael Edelman is Director and Co-Chief Investment Officer of the U.S. Large-Cap Core Growth Equity Portfolio Management Team. He began his investment career in 1984 and has an MBA in Finance from New York University.

Manager
Todd G. Hawthorne

Todd G. Hawthorne has been vice president equity derivatives strategy, since joining RCM in 2006. Prior to joining the firm, Todd spent four years with RS Investments as the Head of Equity Derivative Strategy for the Paisley hedge fund family. He received his MBA from the Anderson School at UCLA and his BA from The Colorado College.

Management Firm
RCM Capital Management LLC (RCM)

San Francisco, California

RCM is a truly global asset manager and a company of Allianz Global Investors. The firm operates across three continents and five time zones from six international offices- San Francisco, London, Frankfurt, Hong Kong, Tokyo and Sydney. RCM's range of investment solutions spans the market cap and style spectrum and reaches from regional and global strategies to multi-asset and structured products.



> 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 and summary prospectus, if available, which may be obtained by contacting your financial advisor, or by calling 888-877-4626. Click here for the Fund´s prospectus or summary prospectus. Please read them carefully before you invest or send money.

Past performance is no guarantee of future performance. 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.

 

The Fund will normally invest primarily in equity and equity-related securities of companies with market capitalizations of at least $500 million. The Fund expects to engage in derivative transactions, which may have the effect of either magnifying or limiting the Fund's gains and losses. The Fund may invest in companies located outside the United States, including emerging markets countries. Investing in foreign securities entails additional risks, including political and economic risk and the risk of currency fluctuations; these risks may be enhanced in emerging markets. The Fund is "non-diversified," which means that it may invest a significant portion of its assets in a relatively small number of issuers. The Fund ordinarily expects to have substantial exposure to companies in high-growth areas such as technology or health care. Concentrating investments in individual sectors may add additional risk and additional volatility compared to a diversified equity portfolio. The Fund may purchase securities in smaller companies and in initial public offerings (IPOs), which may be more volatile than investments in larger companies. The portfolio managers expect a high portfolio turnover rate, which may be 200% or more.

The Fund ordinarily expects to use derivative instruments in an attempt to enhance the Fund's investment returns, to hedge against market and other risks in the portfolio and/or to obtain market exposure with reduced transactions costs. In particular, the Fund intends to purchase call options on securities whose prices the portfolio management team believes will increase, and purchase and sell combinations of put and call options in an attempt to take advantage of stock price movements. The Fund may also employ additional strategies involving call and put options, futures and forward contracts, short sales, swap agreements and other derivative instruments with respect to securities, indices and other assets. Use of derivatives 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.

The Fund's use of derivative instruments will often give rise to forms of leverage, which could have the effect of magnifying the Fund's gains and losses. Although it has no current intention to do so, the Fund also reserves the flexibility to borrow money for investment purposes. To the extent that the Fund uses or incurs leverage, an investment in the Fund will be more volatile and riskier than an investment in funds that do not use leverage.

 

GrassrootsSM Research is a division of RCM. Research data used to generate GrassrootsSM Research recommendations is received from reporters and field force investigators who work as independent contractors for broker-dealers. Those broker-dealers supply research to RCM and certain of its affiliates that is paid for by commissions generated by orders executed on behalf of RCM's clients.

 

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 here to view the Fund's top ten holdings and current sector weightings.

All holdings are subject to change.

 

Click here to view the Fund's current standardized performance.
CLICK TO VIEW OUR BUSINESS CONTINUITY PLAN, PROXY POLICIES & VOTING RECORDS, OR OUR PRIVACY POLICY.
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