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This general information is provided by and used with the permission of this manager. It may not contain information about the Pacific Select Fund portfolios managed by this manager. Pacific Select Fund portfolios are available only through Pacific Life's and its affiliates' variable products.
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NFJ Investment Group L.P. (NFJ) provides advisory services to mutual funds and institutional accounts. NFJ Investment Group, Inc., the predecessor to NFJ, commenced operations in 1989. NFJ is an indirect subsidiary of Allianz Global Investors of America LP (AGI LP). Allianz SE is the indirect majority owner of AGI LP. Allianz SE is a European-based, multinational insurance and financial services holding company.
Investment Philosophy
NFJ Investment Group is a highly disciplined, value manager specializing in a diversified, low P/E and low P/B approach, that selects stocks on a bottom-up basis. Their philosophy is solidly based on research, which has shown that portfolios of low P/E, dividend-paying stocks have substantially outperformed market indices over extended periods. NFJ focuses on dividends, discipline and diversification.
Investment Process
- Screen approximately 4,500 stocks to identify companies with positive fundamental characteristics
- Apply proprietary and quantitative modeling as well as in-depth research and analysis
- Avoid over-exposure to any one sector by restricting the number of stocks held in a single industry
- Select a diversified value portfolio of approximately 100 stocks
- Disciplined proactive portfolio management to identify new buy and sell candidates
Attributes
- Provides investment management for corporations, endowments, public-employee pension plans, and publicly traded mutual funds
- NFJ had approximately $39 billion in total assets under management as of December 31, 2007
Portfolio Managed
Pacific Select Fund
Data as of December 31, 2007.
Small company stocks may entail higher risk and greater volatility than the stocks of larger and more established companies.
Although some portfolios may have names or investment objectives that resemble retail mutual funds managed by the portfolio manager, these portfolios will not have the same underlying holdings or performance as the retail mutual funds.
You should carefully consider a variable life insurance product’s risks, charges, limitations and expenses, as well as the risks, charges, expenses and investment objectives of the underlying investment options. The accompanying product and underlying fund prospectuses contain this and other information about Pacific Life & Annuity Company. Read them carefully before investing or sending money.
This material may only be used in connection with the solicitation of Pacific Life & Annuity Company products in those states where the product solicited has been approved. Product features and availability vary by state.
CWEB-L-190A
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