• The management team employs a bottom-up investment process, utilizing proprietary Grassroots Research to complement company and macroeconomic analysis.
• Mid-cap stocks generally offer greater growth potential than large-cap stocks with less volatility than small-cap stocks.
• Emphasizes stocks with higher-than-average revenue and earnings growth rates, competitively-positioned businesses, and reasonable valuations.

• Actively managed institutional investment process.
• Managed by a seasoned team of portfolio managers and analysts.
• Adheres to a strict growth style discipline.
• Primarily invests in high-quality mid capitalization companies with above average growth rates.

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 Grassroots^SM Research division—to provide deep, bottom-up insight into a company’s fundamentals from a country, regional and global perspective.

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 Grassroots^SM Research efforts to capitalize on inefficiencies within the middle capitalization markets.

The mid-cap portfolio managers and analysts seek to identify high quality companies at earlier stages in their secular or cyclical growth trajectory that are attractively valued. 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.

Steven Klopukh is Vice President of U.S. Mid-Cap Equities and is a member of the RCM Mid-Cap Team. He began his investment career in 1997 and joined RCM in 2002.

Louise Laufersweiler is Deputy CIO and Senior Portfolio Manager for both small and mid-cap strategies for RCM. She joined RCM in 1982 and entered the investment profession in 1980.

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.