Verkaufsprospekt

SUPPLEMENT 34
PineBridge BRIC Bond Fund
Supplement 34 to the Prospectus dated 29 March,
2011 for PineBridge Global Funds
This Supplement contains specific information in relation
to PineBridge BRIC Bond Fund (the "Sub-Fund"), a
sub-fund of PineBridge Global Funds (the "Fund") an
open-ended umbrella unit trust authorised by the Central
Bank pursuant to the Regulations.
This Supplement forms part of and should be read
in conjunction with the Prospectus for the Fund
dated 29 March, 2011 and any Supplements thereto,
which contains the general description of:-
- the Fund and its management and administration;
- its investment restrictions and borrowing powers;
- its general management and Fund charges;
- the taxation of the Fund and of its Unitholders;
- its risk factors; and
- names of all other sub-funds of the Fund
which is available from the Manager at 30 North
Wall Quay, IFSC, Dublin 1, Ireland.
PineBridge Investments Ireland Limited is the Manager
of the Fund. The Directors of the Manager are set out in
the main body of the Prospectus.
The Directors of the Manager accept responsibility for
the information contained in the Prospectus and this
Supplement. To the best of the knowledge and belief of
the Directors (who have taken all reasonable care to
ensure that such is the case) such information is in
accordance with the facts and does not omit anything
likely to affect the import of such information. The Directors
accept responsibility accordingly.
The audited financial information for the Fund will be
sent on request to any Unitholder.
An investment in the Sub-Fund should not constitute
a substantial proportion of an investment portfolio
and may not be appropriate for all investors.
The Sub-Fund may invest in FDI for investment
purposes as specified in this Supplement.
Definitions
“BRIC” means Brazil, Russia, India and China (to include
Hong Kong and Macau).
1. Investment Manager
The Manager has appointed PineBridge Investments
Europe Ltd., Plantation Place South, 60 Great Tower
Street, London EC3R 5AZ, England to act as investment
manager to the Sub-Fund. The Investment Manager
has the responsibility for the investment management,
on a discretionary basis, of the assets of the Sub-
Fund.
The Investment Manager is authorised and regulated
by the United Kingdom Financial Services Authority in
the conduct of its investment business. The Investment
Manager is a London based investment management
company which is a wholly owned subsidiary of Bridge
PineBridge Merger Arbitrage Fund
Partners. As at 31 December, 2010, it had responsibility
for the investment of assets of STG 5.28 billion. Its
executive officers have managed portfolios of fixed
income securities and European equities for more than
10 years.
The Investment Manager is also a member company of
PineBridge Investments. PineBridge Investments provides
investment advice and markets asset management
products and services to its clients around the
world. It operates as a multi-strategy investment manager
in 32 countries and jurisdictions with USD 82.1
billion in assets under management as of 31 December,
2010. PineBridge Investments is a leading asset manager
with long-term track records across listed equity,
fixed income and alternative investments strategies,
and a rich heritage managing assets for one of the
world’s largest insurance and financial services companies.
2. Investment Objective
The Sub-Fund seeks to achieve long-term, capital appreciation
through investment in bonds issued primarily
by governments, government agencies, supranationals,
corporate entities and financial institutions located in
BRIC countries and through investment in the currencies
of these BRIC countries. Such securities may be
denominated in the local currency of any of the OECD
member countries or the local currency of the countries
in which the Sub-Fund is permitted to invest as per
investment guidelines.
3. Investment Policy
The Sub-Fund will invest not less than two-thirds of the
Sub-Fund’s total assets in bond issues of issuers domiciled
in or exercising the predominant part of their economic
activities in BRIC countries or currencies of these
BRIC countries. Investment in Russia is not expected to
exceed 35% of the Sub-Fund’s Net Asset Value.
Of its total assets, the Sub-Fund may invest up to onethird
in money market instruments such as time deposits,
convertible bonds, or fixed or floating rate commercial
paper, up to 25% in convertible bonds and bonds
with warrants attached and up to 10% in equity and
equity-related securities (such as American, International,
and Global Depository Receipts (ADRs / IDRs /
GDRs) and exchange traded funds which are listed on
a Recognised Exchange as set out in Appendix 1 to the
Prospectus (excluding convertibles and bonds with
warrants attached), provided that these investments in
aggregate do not exceed one-third of the Sub-Fund’s
total assets.
The Sub-Fund’s investment strategy is research-driven
and is comprised of top-down and bottom-up analyses.
The trends in the global economy, the interest rates and
the foreign exchange markets are aggregated to form a
top-down view. The bottom-up analysis evaluates the
fundamental trends, valuations and technical factors of
each prospective investment. The effect of this process
is the composition of an actively managed, BRIC bond
portfolio.
The Sub-Fund's assets will be predominantly invested
in fixed and/or floating rate bonds which have a minimum,
long term debt rating of C by Standard and
Poor’s, or equivalent by Moody’s or other rating agency
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