Benefits of investing in the PineBridge Global Dynamic Asset Allocation Fund

• Highly disciplined, dynamic asset allocation approach - The Fund's portfolio is constructed based on the view of the Global Multi- Asset Team (GMAT) on expected return and risk associated with asset classes combined with the Fund's objectives and constraints and the GMAT's preference for risk.

• Taking advantage of investment opportunities - The Fund has the freedom to take advantage of the most compelling opportunities with asset allocation ranges for the following asset classes: growth assets, defensive assets, exchange traded derivatives and over-the-counter or OTC derivatives. The Fund portfolio is expected to have exposure to assets located in, but not limited to, North America, Europe, Asia, Japan, and Australia, which are carefully selected with a view to their own investment attributes, their resonance with the broader global economic and market analysis of the GMAT.

• Expert management - The Fund is managed by the Manager's highly experienced personnel, including Michael J. Kelly, Peter Hu and Sunny Ng from the Manager's Global Multi-Asset Team at the issue date of the PDS.

Risk level

Medium to High

About the Fund

PineBridge is a global asset manager with deep experience in emerging and developed markets, delivering innovative alpha-oriented strategies across multi-asset, equities, fixed income and alternatives. Since 2008, our Australia business have been servicing wholesale investors: professional advisers and institutional clients, including some of the nation's largest superannuation schemes. In Australia, PineBridge is the investment manager of the PineBridge Global Dynamic Asset Allocation Fund, an award winning multi-asset strategy. 

The Fund's objective is to deliver an investment return of CPI+ 5%* per annum before fees over rolling five-year periods. The Fund aims to achieve its investment objective primarily through managing asset allocation market exposure and secondarily through excess returns relative to benchmark generated from selected strategies.

How we invest your money

The Fund portfolio may include, but is not limited to, equities and equity-related instruments; fixed income and other debt- related instruments; cash and cash equivalents; options; warrants; futures and other commodities; currencies; currency forwards; over the-counter derivative instruments (such as swaps); repurchase and reverse repurchase agreements; preferred stocks, convertible bonds, real estate related securities and collective investment schemes.

The Manager establishes its views on expected return and risk of asset classes, and then selects securities that are aligned with that view. The Manager monitors these selections on an ongoing basis, and makes changes as needed.

The Fund portfolio is expected to have exposure to assets located in, but not limited to, North America, Europe, Asia, Japan, and Australia, which are carefully selected with a view to their own investment attributes, their resonance with the broader global economic and market analysis of the Global Multi-Asset Team. The currency denomination of the Fund assets is expected to be predominantly in U.S. and Australian dollars.

Exchanged traded and/or OTC derivatives may be used to hedge overall risk in the portfolio, implement the investment strategy in a cost effective manner and enhance returns.

The Fund may invest and have direct access to certain eligible China A-Shares via the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect (collectively the "Stock Connect). Exposure to China A- Shares through the Stock Connect will not generally exceed 30% of the Fund's net asset value. Further information on Stock Connect are contained in the Reference Guide, which forms part of the PDS.

The ability to short sell helps the Manager to implement its asset allocation views more efficiently. Short positions will be entered into using derivatives only and will be implemented through futures agreements or other industry standard contracts such as International Swaps and Derivatives Association (ISDA) documents. There are two main purposes for short selling as part of the investment strategy:

1. Gain short exposure to benefit from the declining value of an asset class
2. Reduce the exposure of an asset class in the Fund which may be costly to sell directly in a short period of time

The risk associated with short selling will be monitored by the Manager on a daily basis.

Asset Allocation 

Equities: 0 - 100% 

Fixed income: 0 - 100%

Commodities: 0 - 20%

Real properties (Global REITs): 0 - 20%

Cash: 0 - 20%