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PineBridge US Large Cap Research Enhanced Fund
- ISINIE00B1XK9C88
- BloombergPBIUSRA
- Daily NAVNaNas of
- Class CurrencyUSD
- AUM (millions)260.9as of 31 Jul 2024
- Asset ClassEquity
- Class Inception Date15 May 07
- Morningstar Rating★★★as of 31 Jul 2024
All investments involve risk. The value of your investment and the income from it will fluctuate and a loss of capital may occur.
Overview
Investment Objective
To attain long term growth of capital by means of a diversified portfolio through investment in equity and equity-related securities of companies, at least 90% of which have assets, products or operations based in the United States and are included in the Russell 1000 Index. Up to 10% of the value of the Sub-Fund may be invested in other companies which have a US Stock Exchange listing.![](/_next/image?url=https%3A%2F%2Fpinebridgeinvestments.bynder.com%2Fm%2F5b3a20449803b2bc%2Foriginal%2FPineBridge-Europe-Research-Enhanced-Equity-Fund-Web-Cover-Image.jpg&w=1920&q=75)
Reasons to Invest
Consistent alpha generation through exposure to large caps in all equity market cycles
Process combining an active, dynamic approach through life cycle categorization with quantitative rankings based on proprietary models
Interconnected investment insights, tied through global industry knowledge and on-the-ground presence
Asset Class | Equity |
Benchmark | Standard & Poor's 500 Total Return Net Index |
ISIN | IE00B1XK9C88 |
Bloomberg | PBIUSRA |
Fund Umbrella | PineBridge Global Funds |
Fund Structure | UCITS |
Domicile | Ireland |
Investment Manager | PineBridge Investments Ireland Limited
16 Sir John Rogerson’s Quay
Dublin 2 Ireland |
SFDR Categorization* | Article 6 |
Base Currency | USD |
Fund Inception Date | 25 Aug 2005 |
Unit Class Inception Date | 15 May 2007 |
Min Investment | USD 1,000 |
Income Treatment | No Distribution: Dividends Reinvested |
Geographical Registrations |
*EU Sustainable Finance Disclosure Regulation. For more information, please visit https://www.pinebridge.com/esg.
Portfolio Managers
![](/_next/image?url=https%3A%2F%2Fpinebridgeinvestments.bynder.com%2Fm%2F5805ddb946c2af79%2Foriginal%2FAli-Sheedsa.jpg&w=640&q=75)
Key Risks
Potential Investors should consider the following key risks before investing in the Sub-Fund:
Equity Investing Risk: The value of shares and securities related to shares may fall due to issuer related issues, financial market dynamics and world events including economic and political changes.
Concentration Risk: The Sub-Fund may invest in a limited number of securities compared to more diversified Sub-Funds or it may focus its investments and hold relatively large positions in, among other things, particular industries, countries, sectors, currencies or issuers. This may increase the volatility of the value of the Sub-Fund or for the Sub-Fund to bear losses and may also limit the liquidity of certain securities within the Sub-Fund.
Derivative Risk: A Sub-Fund may use derivative instruments for both efficient portfolio management and for investment purposes. Derivative transactions may be subject to significant volatility which may result in a loss greater than the principal amount invested.
Counterparty Risk: A Sub-Fund may have credit exposure (by virtue of position in swaps, repurchase agreements, FDI etc.) to its trading parties and may bear the risk of default of the counterparties.
Operational Risk: A Sub-Fund may risk loss resulting from process failures, inadequate procedures or controls.
Risk-Constrained Strategy Risk: The Sub-Fund may use a risk management approach, which involves the holdings and the potential risk of the Sub-Fund to be close to those of its benchmark and the returns to closely follow its benchmark too.
Quantitative Model Risk: The Sub-Fund may use a financial model to enhance returns and/or manage risk. There is no guarantee the model will behave in the way it is expected to, nor that it will not lead to an error that is difficult to detect and correct, for lengthy periods of time. These factors may lead to adverse outcomes for the investors.
ESG Risk: Risks associated with the environmental, social and governance variables, which could potentially affect the financial situation or operating performance of the Fund. These include sustainability risk, ESG Categorisation Risk and ESG Data Risk.
The risk factors described above should not be considered an exhaustive list of risks, which potential investors should consider before investing in the Sub-Fund. For more details on the fund's potential risks please read the Prospectus and Key Investor Information Document at pinebridge.com/funds
Total Returns (%)
The Fund performance is calculated net of fees on NAV to NAV in USD with dividends reinvested. Returns over one year are annualized. Performance is representative of A class in USD. The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than the base currency of the fund. Past performance is not indicative of future results.
Portfolio Composition
Number of Securities | 112 |
Morningstar Rating | ★★★ |
Risk Characteristics
As of 31 Jul 20243 Years | |
Information Ratio | 0.1 |
Sharpe Ratio | 0.33 |
Alpha (%) | 0.4 |
Tracking Error (%) | 2.2 |
3 Years | |
Standard Deviation | 17.44 |
Beta | 1.0 |
R Squared (%) | 98.5 |
Portfolio Characteristics
As of 31 Jul 2024Weighted Average Market Cap US$ million | 520442.8 |
P/E Ratio | 19.7 |
P/B Ratio | 4.2 |
ROE (%) | 39.4 |
Debt to Equity Ratio (%) | 1.1 |
Sector Breakdown (%)
As of 31 Jul 2024Fund | Benchmark | |
Information Technology | 28.3 | 31.4 |
Financials | 13.6 | 13.1 |
Consumer Discretionary | 12.0 | 10.0 |
Communication Services | 10.3 | 8.9 |
Health Care | 10.1 | 11.9 |
Industrials | 10.1 | 8.4 |
Energy | 4.9 | 3.7 |
Consumer Staples | 4.6 | 5.8 |
Other | 3.0 | 6.9 |
Cash | 3.0 | 0.0 |
Top Ten Holdings (%)
As of 31 Jul 2024Fund | |
Apple Inc. | 7.3 |
NVIDIA Corporation | 6.3 |
Microsoft Corporation | 5.9 |
Alphabet Inc. | 4.7 |
Amazon.com, Inc. | 3.9 |
Meta Platforms, Inc. | 3.0 |
Berkshire Hathaway Inc. | 2.6 |
Exxon Mobil Corporation | 2.1 |
iShares Core S&P 500 UCITS ETF | 2.0 |
Visa Inc. | 1.8 |
Fees and Expenses
Entry/Exit Fee | 5% / 3% |
Investment Management Fee | 1.00 % |
Ongoing Charge | 1.70% |
Total Expense Ratio | 1.70% |
Service Fee | 0.5% |
Fund Documents
Disclaimer
This is a marketing communication. This is not a contractually binding document. Please refer to the Prospectus of the UCITS and to the KIID and do not base any final investment decision on this communication alone.
This marketing document relates to PineBridge Global Funds (the “Fund”) and its Sub-Fund PineBridge US Large Cap Research Enhanced Fund (the “Sub-Fund”). The Fund is an open-ended umbrella unit trust with segregated liability between sub-funds established and authorised in Ireland as an undertaking for collective investment in transferable securities (UCITS) pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations, 2011 (S.I. No. 352 of 2011) as amended and authorised by the Central Bank of Ireland.
This document is issued by PineBridge Investments Ireland Limited, the Manager and Global Distributor of the Fund, a limited liability company incorporated in Ireland having as sole business the management of collective investment vehicles. This document is for information purposes only and does not constitute any legal, tax and financial advice or recommendation to buy or sell any unit classes of the fund or any investment instruments. Tax Treatment depends on the individual circumstances of each client and may be subject to change in the future. We recommend the investor to liaise with his/her tax or legal counsel to receive further information about the tax treatment applicable to his/her personal situation. PineBridge Investments LLC (regulated by the Securities & Exchange Commission), PineBridge Investments Europe Limited (regulated by the Financial Conduct Authority) are investment managers of the sub-fund.
There can be no assurance the Sub-Fund investment objective will be achieved or that there will be a return on capital.
Past performance is not indicative of future returns. No benchmark is directly comparable to the investment objectives, strategy or universe of a Sub-Fund. The performance of a benchmark shall not be indicative of the past or future performance of any Sub-Fund.
The S&P 500 Total Return Index (Index) is a product of S&P Dow Jones Indices LLC and/or its affiliates (S&P) and has been licensed for use by PineBridge Investments. Copyright © 2024 S&P Dow Jones Indices. All rights reserved. S&P ® and S&P 500 ® are registered trademarks of S&P. Neither S&P nor their third party licensors make any representation or warranty, express or implied, as to the ability of any index to accurately represent the asset class or market sector that it purports to represent and neither S&P nor their third party licensors shall have any liability for any errors, omissions, or interruptions of any index or the data included therein.
Source of characteristics: FactSet/ source of statistics: State Street as of the date of this document. For illustrative purposes only. Holdings/allocations are subject to change. Any reference to a specific company or security does not constitute a recommendation to buy, sell, hold or directly invest in the company or securities. It should not be assumed that the recommendations made in the future will be profitable or will equal the performance of the securities discussed in this document.
Copyright © 2024 Morningstar. All rights reserved. Source of rating: Morningstar. Reference class: A, Morningstar category: EAA Fund US Large-Cap Blend Equity. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past ratings do not prejudge the future performance of the unit class.
The Sub-Fund has been given its SFDR Categorisation based on Sustainable Finance Disclosure Regulation 2019/2088 and current law and regulation. Changes in law and regulation, the interpretation of law and regulation, new regulatory technical standards coming into effect and/or changes in regulatory guidance may result in a change of categorisation of the Sub-Fund.
Switzerland - The Prospectus, the Key Investor Information Document (KIID), the Trust Deed as well as the annual and semi-annual reports of the Fund may be obtained free of charge on the homepage of the management company or from the Swiss Representative. The Representative and Paying Agent of the Fund for Switzerland is State Street Bank International GmbH Munich, Zurich Branch, Beethovenstrasse 19, 8027 Zurich. PineBridge Investments Switzerland GmbH is affiliated with the Swiss Chambers’ Arbitration Institution (SCAI), 4, boulevard du Théâtre, P.O. Box 5039, 1211 Geneva 11, Switzerland, Tel: +41 (0)22 819 91 57.