PAFM NACM International & Premium Strategy Fund operates as a diversified, closed-end management investment company in the United States. The fund intends to invest in an international portfolio of equity securities of companies located outside of the United States. It seeks to invest principally in common stocks, as well as in various types of equity securities, such as depository receipts and preferred stocks. Allianz Global Investors Fund Management LLC serves as the investment manager of the fund. PAFM NACM International was organized in February 2005 and is based in New York, New York.