Verkaufsprospekt

swaps, the Sub-Fund incurs exposure to the credit of the
reference entity and is subject to many of the same risks it
would incur if it were holding debt securities issued by the
reference entity. However, the Sub-Fund will not have any
legal recourse against the reference entity and will not
benefit from any collateral securing the reference entity's
debt obligations.
Money Market Instrument Risk: Investors should note
the difference between the nature of a deposit and the
nature of an investment in the Sub-Fund, in particular the
risk that the principal invested in the Sub-Fund is capable
of fluctuation and thus Unitholders may not have all of their
principle returned to them on redemption. In addition investment
in the Sub-Fund will not benefit from any deposit
protection scheme such as might be applicable to an investment
in a bank deposit.
Volatility Risk: All markets are subject to volatility based
on prevailing economic conditions. Securities in 'emerging'
or 'developing' markets may involve a higher degree of risk
due to the small current size of the markets for securities
of 'emerging' or 'developing' market issuers and the currently
low or non-existent volume of trading, which could
result in price volatility. Certain economic and political
events in 'emerging' or 'developing' economies, including
changes in foreign exchange policies and current account
positions, could also cause greater volatility in exchange
rates. As stated previously, some of the markets or exchanges
on which a Sub-Fund may invest may prove to be
highly volatile from time to time.
7. Application for Units
The following classes of Unit are currently, or may be,
offered:-
Class A Units denominated in US Dollars
Class A1 Units denominated in Euro
Class A1H Units denominated in Euro
Class A2 Units denominated in Sterling
Class A3 Units denominated in Japanese Yen
Class A4 Units denominated in Hong Kong Dollars
Class A5H Units denominated in Singapore Dollars
Class A6H Units denominated in Australian Dollars
Class AD Units denominated in US Dollars
Class H Units denominated in US Dollars
Class JD Units denominated in US Dollars
Class J3D Units denominated in Japanese Yen
Class Y Units denominated in US Dollars
Class Y1 Units denominated in Euro
Class Y1H Units denominated in Euro
Class Y2 Units denominated in Sterling
Class Y3 Units denominated in Japanese Yen
Class Y4 Units denominated in Hong Kong Dollars
Class Y5H Units denominated in Singapore Dollars
Class Y6H Units denominated in Australian Dollars
Class YD Units denominated in US Dollars
Class Y1D Units denominated in Euro
Class Y3D Units denominated in Japanese Yen
PineBridge Global Emerging Markets Corporate Bond Fund
Class X Units denominated in US Dollars
Class X1 Units denominated in Euro
Class X2 Units denominated in Sterling
Class X3 Units denominated in Japanese Yen
Class A and Class Y Units are currently in issue and are
available for subscription at the Net Asset Value per Unit of
the relevant Class.
Class A1, Class A1H, Class A2, Class A3, Class A4, Class
A5H, Class A6H and Class AD Units are being offered to
the investors at Euro12.50, Euro12.50, STG12.50, JPY
1,500, HKD 12.50, SGD 12.50, AUD 12.50 and USD12.50
respectively during the Initial Offer Period which has commenced
and will close on 30 June, 2011 at noon (Irish
time).
Class H Units are being offered to investors at USD12.50
during the Initial Offer Period which has commenced and
will close on 30 June, 2011 at noon (Irish time).
Class JD Units and Class J3D Units are being offered to
investors at USD 100 and JPY 1,500 respectively during
the Initial Offer Period which has commenced and will
close on 30 June, 2011 at noon (Irish time).
Class Y1, Class Y1H, Class Y2, Class Y3, Class Y4, Class
Y5H and Class Y6H Units are being offered to the investors
at Euro100, Euro100, STG100, JPY 1,500, HKD 100,
SGD 100 and AUD 100 respectively during the Initial Offer
Period which has commenced and will close on 30 June,
2011 at noon (Irish time).
Class YD, Class Y1D and Class Y3D Units are being offered
to investors at USD100, Euro100 and JPY1,500
respectively during the Initial Offer Period which has commenced
and will close on 30 June, 2011 at noon (Irish
time).
Class X, Class X1, Class X2 and Class X3 Units are being
offered to the investors at USD100, Euro100, STG100
and JPY 1,500 respectively during the Initial Offer Period
which has commenced and will close on 30 June, 2011 at
noon (Irish time).
The Initial Offer Period may be extended or reduced by the
Manager in accordance with the requirements of the Central
Bank. During the Initial Offer Period, Units will be offered
to investors at the above initial offer prices. Thereafter,
Units will be offered at the Net Asset Value per Unit.
Subscriptions for Class H Units are available to Latin
American investors only and are subject to a higher management
fee than other Unit Classes, this is due to market
factors applicable to Latin American countries.
Subscriptions for Class JD and J3D Units will only be accepted
for investors who are fund of funds type Japanese
investment trusts organised under the Law Concerning
Investment Trusts and Investment Corporations of Japan
which are managed by the Investment Manager or other
investment trust companies registered under the Financial
Instruments and Exchange Act of Japan.
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