Nicholas-Applegate is pleased to have been named the top 130/30 Equity Manager of the Year by Professional Pensions magazine. The magazine's awards recognize those asset management firms "that provide the best service, performance and innovation to U.K. pension plans." Please see more information on our Global Equity 130/30 strategy below.

Nicholas-Applegate has posted information regarding the dates and estimated amounts of the Nicholas-Applegate Institutional Funds' annual distribution of capital gains and ordinary income.

On Saturday, September 6, Nicholas-Applegate sponsored a Special Olympics Southern California event in Rancho Bernardo, California. About twenty employees, including some spouses and children, volunteered for the games, acting as timekeepers, referees and coaches.

One way to capitalize on the recent market volatility is through a strategy with the flexibility to go both long and short stocks. The Nicholas-Applegate Global Equity 130/30 Fund utilizes a fundamental, bottom-up approach to select attractive investment candidates from around the globe. This Fund leverages Nicholas-Applegate’s entire set of traditional U.S. and non-U.S. investment professionals, as well as the firm’s proven quantitative investment platform. The result is a Fund with 130% in long investments deemed attractive, 30% short exposure in unattractive investments, for a net market exposure of 100%. This new fund launched on April 1st.

Carefully consider the investment objectives, risks, charges and expenses of the fund before investing. This and other information can be found in the fund’s prospectus, which may be obtained here or by calling (800) 551-8043. The prospectus should be read carefully before investing.

Investments in overseas markets may pose special risks, including currency fluctuation and political risks, and the portfolio is expected to be more volatile than a U.S.-only portfolio. These risks are generally intensified for investments in emerging markets. Strategies that employ leverage will tend to increase or decrease at a greater rate than if no leverage were employed, and losses will be magnified by borrowings. Unlike "long" investments, which involve the purchase of securities, "short" sales involve the sale of borrowed securities. Short positions may be difficult to close in a timely manner, and the potential for loss in a short sale may be unlimited. Distributor: Nicholas-Applegate Securities.

Nicholas-Applegate has been named a winner in California's Best Places to Work program, sponsored by Employers Group, a preeminent human resources advocacy serving California employers. The firm ranked fourth in the mid-sized company category (100-499 employees). More than 400 California companies vied for the award. Please see the attached press release for more detail.