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Pinebridge Global Funds - Pinebridge Asian High Yield Total Return Bond Fund

Asia high yield corporate-focused bonds. Active strategy with highly concentrated portfolio.

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About the Fund

Data as of

PineBridge Investments is a subsidiary of MetLife Investment Management (MIM) that is in turn the institutional business of the Metropolitan Life Insurance Company (MetLife), a leading global insurance, annuities and employee benefit programs provider. PineBridge offers active, high conviction investment solutions across equities, fixed income, multi-asset and alternatives. PineBridge and MIM in combination manages over US$700bn of assets.

The PineBridge Asian High Yield Total Return Bond Fund is an actively managed bond fund seeking to outperform the JP Morgan Asia Credit Index (JACI) Non-Investment Grade Total Return. The fund invests primarily in non-investment grade (BBs and Bs only) fixed and floating rate bonds issued by governments, supranational entities and corporates in the Asia Pacific region with no currency constraints. The fund combines a top-down macroeconomic view with bottom-up credit analysis and selection with a strong focus on a security’s relative value. The fund runs a highly concentrated portfolio of >80 holdings.

Performance

Price Performance – Maximum Period

The FairHorizon Context

Investment-Time-Horizon in years

0 - 22 - 44 - 7 7 - 1010 - 1515+
Expected long-term return
2 - 4% p.a.
Expected volatility
3 - 5% p.a.

Building Block Returns

Pinebridge Global Funds - Pinebridge Asian High Yield Total Return Bond Fund

Ann. return (3-year):
8.90%
Ann. return (5-year):
—
Ann. return (10-year):
—
Ann. Standard Deviation (5-year):
9.71%

This fund represents an active approach for exposure to the Asia Pacific high yield bond market segment of primarily corporate exposures and focusing on BB/B rated bonds only.

Benchmark Returns

iShares USD Asia High Yield Bond Index ETF

Ann. return (3-year):
9.07%
Ann. return (5-year):
-1.63%
Ann. return (10-year):
1.98%
Ann. Standard Deviation (5-year):
14.89%
Link to the Funds FairSheet

FairHorizon Benchmark Returns

Dimensional Funds PLC - World Allocation 60/40 Fund

Ann. return (3-year):
12.53%
Ann. return (5-year):
6.41%
Ann. return (10-year):
—
Ann. Standard Deviation (5-year):
9.71%
Link to the Funds FairSheet

The Dimensional World Allocation 60/40 Fund is our FAIRHORIZON Yellow reference benchmark solution that has 60% global developed equities and 40% global investment grade short-to-medium maturity bonds for global high risk bonds-like or multi-asset returns and volatility.

SHARING OUR PASSION FOR INVESTMENTS FAIRSHEET™  Pinebridge Global Funds - Pinebridge Asian High Yield Total Return Bond Fund  Page 1/2

Why we prefer this fund

Relevance of strategy

This fund represents an active approach for exposure to the Asia Pacific high yield bond market segment of primarily corporate exposures and focusing on BB/B rated bonds only.

Historical maximum drawdown & recovery time

Max drawdown (since inception)
-29.07%
Recovery Period
694 Days

Diversification

Credit Rating

  • A3.52%
  • Baa7.51%
  • Ba33.96%
  • B17.63%
  • Caa1.46%
  • Others35.92%

Sectors

  • Corporate90.16%
  • Government-Related9.84%

Geography

  • British Virgin Islands23.62%
  • Cayman Islands16.21%
  • Mauritius13.00%
  • Japan9.91%
  • United Kingdom7.97%
  • Singapore5.43%
  • India4.66%
  • Australia3.91%
  • Mongolia3.89%
  • Thailand3.76%
  • Indonesia2.24%
  • Others5.40%