PineBridge Global Focus Equity Fund
Equity · Global · Large Cap Blend
Figures refer to the share class ISIN IE0004896431, currency USD.
Recent performance
The USD class returned +5.85% over one year to 2026-09-30. The benchmark (MSCI ACWI NR USD) returned +16.75%, a difference of -10.91 percentage points. Over the final three months, the fund returned +1.87%.
Key facts
- Associated firm
- PineBridge Investments Ireland Ltd
- Asset class
- Equity
- Geography
- Global
- Strategy
- Large Cap Blend
- Share class currency
- USD
- Share class inception
- 07.01.1999
- Fund size
- 2346 million (as at 31.08.2026)
- Management fee
- 1.00%
- Performance fee
- No
- Liquidity
- Daily
- UCITS
- Yes
- Risk grade (SRRI)
- 6 (as at 22.08.2026)
- Registered in Switzerland
- Yes
Performance in context
Growth from the same starting value
Fund · Benchmark: MSCI ACWI NR USD
Exact chart values
| Month | Fund | Benchmark: MSCI ACWI NR USD |
|---|---|---|
| 2023-09 | 100.00 | 100.00 |
| 2023-10 | 96.17 | 96.99 |
| 2023-11 | 105.11 | 105.95 |
| 2023-12 | 111.05 | 111.03 |
| 2024-01 | 112.56 | 111.69 |
| 2024-02 | 117.90 | 116.48 |
| 2024-03 | 122.08 | 120.14 |
| 2024-04 | 117.86 | 116.17 |
| 2024-05 | 123.69 | 120.89 |
| 2024-06 | 125.74 | 123.58 |
| 2024-07 | 128.81 | 125.58 |
| 2024-08 | 131.71 | 128.76 |
| 2024-09 | 134.41 | 131.76 |
| 2024-10 | 131.86 | 128.80 |
| 2024-11 | 137.25 | 133.62 |
| 2024-12 | 133.32 | 130.45 |
| 2025-01 | 137.92 | 134.83 |
| 2025-02 | 134.93 | 134.02 |
| 2025-03 | 127.08 | 128.72 |
| 2025-04 | 130.18 | 129.93 |
| 2025-05 | 138.72 | 137.39 |
| 2025-06 | 146.00 | 143.56 |
| 2025-07 | 150.81 | 145.51 |
| 2025-08 | 150.69 | 149.10 |
| 2025-09 | 153.72 | 154.51 |
| 2025-10 | 157.25 | 157.96 |
| 2025-11 | 156.87 | 157.94 |
| 2025-12 | 157.93 | 159.59 |
| 2026-01 | 162.20 | 164.32 |
| 2026-02 | 161.60 | 166.44 |
| 2026-03 | 147.82 | 154.48 |
| 2026-04 | 162.09 | 170.20 |
| 2026-05 | 164.07 | 178.98 |
| 2026-06 | 159.73 | 177.55 |
| 2026-07 | 161.23 | 177.68 |
| 2026-08 | 165.15 | 182.43 |
| 2026-09 | 162.71 | 180.39 |
Growth of 100 · USD total returns. Monthly observations, income reinvested.
Fund valuations: 2023-09-29 to 2026-09-30. Comparison valuations: 2023-09-29 to 2026-09-30. Each calendar month uses its last available source observation; fund and comparison dates can differ.
Figures as of 30.09.2026. Calendar-year returns cover the years shown.
| 1M | 3M | 6M | YTD | 2025 | 2024 | 2023 | 1Y | 3Y | 5Y | Volatility | Sharpe R. | Max DD | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FundISIN IE0004896431, currency USD | -1.48 | 1.87 | 10.07 | 3.02 | 18.46 | 20.06 | 27.43 | 5.85 | 17.62 | 10.46 | 13.32 | 0.95 | -8.86 |
| BenchmarkMSCI ACWI NR USD | -1.11 | 1.60 | 16.77 | 13.03 | 22.34 | 17.49 | 22.20 | 16.75 | 21.73 | 11.57 | 12.02 | 1.33 | -7.18 |
| Differencefund minus benchmark, in percentage points | -0.36 | 0.26 | -6.70 | -10.01 | -3.88 | 2.57 | 5.22 | -10.91 | -4.12 | -1.11 | – | – | – |
Reporting dates by figure
- IE0004896431 — 30.09.2026: 1M, 3M, 6M, YTD, 1Y, 3Y, 5Y, Volatility, Sharpe R., Max DD, Benchmark 1M, Benchmark 3M, Benchmark 6M, Benchmark YTD, Benchmark 1Y, Benchmark 3Y, Benchmark 5Y, Benchmark Volatility, Benchmark Sharpe R., Benchmark Max DD; 31.12.2025: 2025, Benchmark 2025; 31.12.2024: 2024, Benchmark 2024; 31.12.2023: 2023, Benchmark 2023
Has the advantage depended on the entry date?
The fund finished ahead in 6 of 25 overlapping one-year windows ending 2024-09 to 2026-09. These windows overlap; this is historical frequency, not a forecast probability.
Rolling one-year relative wealth
Exact chart values
| Month | Rolling one-year relative wealth |
|---|---|
| 2024-09 | 2.01 |
| 2024-10 | 3.26 |
| 2024-11 | 3.54 |
| 2024-12 | 2.19 |
| 2025-01 | 1.49 |
| 2025-02 | -0.53 |
| 2025-03 | -2.85 |
| 2025-04 | -1.24 |
| 2025-05 | -1.32 |
| 2025-06 | -0.05 |
| 2025-07 | 1.04 |
| 2025-08 | -1.19 |
| 2025-09 | -2.47 |
| 2025-10 | -2.76 |
| 2025-11 | -3.31 |
| 2025-12 | -3.17 |
| 2026-01 | -3.50 |
| 2026-02 | -3.57 |
| 2026-03 | -3.07 |
| 2026-04 | -4.95 |
| 2026-05 | -9.21 |
| 2026-06 | -11.54 |
| 2026-07 | -12.45 |
| 2026-08 | -10.43 |
| 2026-09 | -9.34 |
Relative wealth = (1 + fund return) ÷ (1 + benchmark return) − 1. It differs from subtracting percentage returns.
Behaviour in rising and falling markets
Up-market capture was 98.0% across 26 rising benchmark months; down-market capture was 133.9% across 10 falling months. Window: 2023-09-29 to 2026-09-30. Capture compares geometric monthly returns; it is not a measure of maximum loss.
The dashed mark is 100%: the same geometric monthly move as the benchmark.
How far below its previous high?
Fund · Benchmark: MSCI ACWI NR USD
Exact chart values
| Month | Fund | Benchmark: MSCI ACWI NR USD |
|---|---|---|
| 2023-09 | 0.00 | 0.00 |
| 2023-10 | -3.83 | -3.01 |
| 2023-11 | 0.00 | 0.00 |
| 2023-12 | 0.00 | 0.00 |
| 2024-01 | 0.00 | 0.00 |
| 2024-02 | 0.00 | 0.00 |
| 2024-03 | 0.00 | 0.00 |
| 2024-04 | -3.46 | -3.30 |
| 2024-05 | 0.00 | 0.00 |
| 2024-06 | 0.00 | 0.00 |
| 2024-07 | 0.00 | 0.00 |
| 2024-08 | 0.00 | 0.00 |
| 2024-09 | 0.00 | 0.00 |
| 2024-10 | -1.89 | -2.24 |
| 2024-11 | 0.00 | 0.00 |
| 2024-12 | -2.86 | -2.37 |
| 2025-01 | 0.00 | 0.00 |
| 2025-02 | -2.16 | -0.60 |
| 2025-03 | -7.86 | -4.53 |
| 2025-04 | -5.61 | -3.64 |
| 2025-05 | 0.00 | 0.00 |
| 2025-06 | 0.00 | 0.00 |
| 2025-07 | 0.00 | 0.00 |
| 2025-08 | -0.07 | 0.00 |
| 2025-09 | 0.00 | 0.00 |
| 2025-10 | 0.00 | 0.00 |
| 2025-11 | -0.24 | -0.01 |
| 2025-12 | 0.00 | 0.00 |
| 2026-01 | 0.00 | 0.00 |
| 2026-02 | -0.37 | 0.00 |
| 2026-03 | -8.86 | -7.18 |
| 2026-04 | -0.07 | 0.00 |
| 2026-05 | 0.00 | 0.00 |
| 2026-06 | -2.65 | -0.80 |
| 2026-07 | -1.73 | -0.73 |
| 2026-08 | 0.00 | 0.00 |
| 2026-09 | -1.48 | -1.11 |
Deepest month-end decline for this class: -8.86%.
2023-09-29 to 2026-09-30 · USD total returns. Declines are measured against the highest month-end value within this window. Intra-month falls are not shown; this is not daily maximum drawdown.
Where did the gains and setbacks occur?
Fund return · % in USD
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | — | — | — | — | — | — | — | — | — | -3.83 | +9.29 | +5.65 |
| 2024 | +1.36 | +4.74 | +3.54 | -3.46 | +4.95 | +1.65 | +2.44 | +2.25 | +2.05 | -1.89 | +4.09 | -2.86 |
| 2025 | +3.45 | -2.16 | -5.82 | +2.44 | +6.56 | +5.24 | +3.29 | -0.07 | +2.01 | +2.29 | -0.24 | +0.68 |
| 2026 | +2.70 | -0.37 | -8.52 | +9.66 | +1.22 | -2.65 | +0.94 | +2.43 | -1.48 | — | — | — |
Benchmark return · % in USD
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | — | — | — | — | — | — | — | — | — | -3.01 | +9.23 | +4.80 |
| 2024 | +0.59 | +4.29 | +3.14 | -3.30 | +4.06 | +2.23 | +1.61 | +2.54 | +2.32 | -2.24 | +3.74 | -2.37 |
| 2025 | +3.36 | -0.60 | -3.95 | +0.93 | +5.75 | +4.49 | +1.36 | +2.47 | +3.62 | +2.24 | -0.01 | +1.04 |
| 2026 | +2.96 | +1.29 | -7.18 | +10.17 | +5.16 | -0.80 | +0.08 | +2.67 | -1.11 | — | — | — |
Fund minus benchmark · percentage points
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | — | — | — | — | — | — | — | — | — | -0.83 | +0.06 | +0.85 |
| 2024 | +0.77 | +0.45 | +0.40 | -0.16 | +0.89 | -0.57 | +0.83 | -0.29 | -0.28 | +0.35 | +0.35 | -0.50 |
| 2025 | +0.09 | -1.56 | -1.87 | +1.51 | +0.82 | +0.75 | +1.94 | -2.54 | -1.61 | +0.06 | -0.23 | -0.37 |
| 2026 | -0.26 | -1.66 | -1.34 | -0.52 | -3.94 | -1.84 | +0.86 | -0.24 | -0.36 | — | — | — |
Green: positive; red: negative. Grey cells are outside the displayed history. Month-end observations; no missing month is filled or interpolated.
Fund valuations: 2023-09-29 to 2026-09-30. Comparison valuations: 2023-09-29 to 2026-09-30. Each calendar month uses its last available source observation; fund and comparison dates can differ.
Within the list: OpenList — Long Only
Compared with the equity funds on OpenList — Long Only (10 funds), each in the share class and currency its list shows. Returns are in each share class's own currency and are not converted.
Performance and risk figures as of 30.09.2026.
| This fund | Group median | Position | |
|---|---|---|---|
| Return 1Y | 5.85 | 11.13 | 8 of 10 |
| Return 3Y p.a. | 17.62 | 19.22 | 7 of 10 |
| 3Y p.a. over its own benchmark | -4.12 | -3.04 | 6 of 10 |
| Volatility 3Y | 13.32 | 14.38 | 4 of 10 |
| Sharpe ratio 3Y | 0.95 | 0.94 | 5 of 10 |
| Max drawdown 3Y | -8.86 | -10.23 | 4 of 10 |
| Management fee | 1.00% | 0.75% | 10 of 10 |
Position 1 is the highest value, except for volatility and the management fee, where 1 is the lowest; for max drawdown, 1 is the smallest fall. Only figures with the same reporting date are compared.
Return against risk, 3 years
Price history
Fund and benchmark rebased to 100 at 29.10.2021.
Table view
| Period | From | Fund (100 at start) | Benchmark from | Benchmark (100 at start) |
|---|---|---|---|---|
| 1Y | 28.10.2025 | 102.8 | 31.10.2025 | 114.2 |
| 3Y | 31.10.2023 | 169.5 | 31.10.2023 | 185.9 |
| 5Y | 29.10.2021 | 155.4 | 29.10.2021 | 164.5 |
| Since 2011 | 31.10.2011 | 485.0 | 31.10.2011 | 480.8 |
Total return: distributions reinvested.
In USD, the currency of the share class shown.
Comparison: MSCI ACWI NR USD.
Fund history to 28.10.2026.
Benchmark history to 28.10.2026.
Past performance is not a reliable indicator of future results, and the value of investments can fall as well as rise.
Share classes on the OpenList
Returns as of 30.09.2026.
Scroll horizontally to see all share-class columns →
| ISIN | Currency | Mgmt fee | 1Y | 3Y |
|---|---|---|---|---|
| IE0004896431 (shown above) | USD | 1.00% | 5.85 | 17.62 |
| IE0034235188 | USD | 1.80% | 5.00 | 16.68 |
Reporting dates by figure
- IE0004896431 — 30.09.2026: 1Y, 3Y
- IE0034235188 — 30.09.2026: 1Y, 3Y
Fund documents
Check the share class and reporting date in each document.
Factsheet (PDF, 31.05.2026)KID (PDF, 17.07.2025)All documents on fundinfoChart methodology
Charts use dated total-return observations, including reinvested income. Each calendar month uses the last available observation. Fund and comparison valuation dates may differ. Month-end drawdowns exclude falls within a month. Past performance does not predict future returns.
Back to the list: OpenList — Long Only
Performance: in %, in the currency of the share class shown. 3Y and 5Y are annualised. Volatility and Sharpe ratio are over three years; Max DD is the largest fall over three years.
– means not applicable.
Reporting dates are shown above the figures; exceptions are dated individually.
This page is advertising within the meaning of the Swiss Financial Services Act. It is not an offer, a recommendation or investment advice. The prospectus and key information document for any fund shown may be obtained free of charge from its management company or Swiss representative
How this fund works
Investment rationale
PineBridge Global Focus Equity Fund is a global equity UCITS sub-fund designed to seek growth at a reasonable price through equity and equity-related investments in global markets. Its stated focus is on companies with superior and sustainable earnings performance, using conventional valuation measures such as price/earnings and comparisons with other securities in the same market and industry. The portfolio held 37 securities as of 31 May 2026, so it is a distinct global equity option for investors seeking focused exposure rather than a broad, highly diversified allocation. The Y USD unit class is aimed at large investors, with a minimum investment of US$1 million.
2026-05-31
How the strategy works
The fund’s objective is to achieve growth at a reasonable price by making equity and equity-related investments in global markets with a focus on superior and sustainable earnings performance. It is managed against the MSCI All Country World Index (ACWI) Daily Total Return Net, which is used for information purposes only, while the investment manager has broad discretion to deviate from benchmark securities, weightings and risk characteristics. The sub-fund is actively managed and may use derivative instruments for efficient portfolio management and for investment purposes. The fund base currency is USD, the Y USD class reinvests dividends with no distribution, and the unit class has no entry or exit fee.
2026-05-31
Investment philosophy
• The fund invests in equities and equity-related securities in global markets, with a stated emphasis on growth at a reasonable price and on companies judged to have superior and sustainable earnings performance.
• Security selection is described using conventional valuation measures, including price/earnings and comparisons with other securities in the same market and industry.
• The strategy is actively managed against the MSCI ACWI, and the investment manager has broad discretion to differ from benchmark constituents, country allocations, sector weights and risk characteristics.
• As of 31 May 2026 the portfolio held 37 securities, with top positions including NVIDIA, Microsoft, Alphabet, Meta Platforms, Bank of America, Broadcom, Keyence, Honeywell, Eaton and Motorola Solutions.
• Positioning on that date was tilted toward Information Technology and Industrials, with major country exposure to the United States, followed by Japan, the Netherlands and the United Kingdom, and a small cash position.
2026-05-31
Management team
The portfolio manager is Robert Hinchliffe. His title is Portfolio Manager and Head of Industry Clusters.
2026-05-31
Distinctive features
The fund combines a global equity remit with a clearly stated growth-at-a-reasonable-price discipline and a focus on superior and sustainable earnings performance. Its structure is notably concentrated, with 37 holdings as of 31 May 2026, which creates a differentiated profile from broader global equity funds. The portfolio on that date showed meaningful active positioning by sector, including large allocations to Information Technology and Industrials, and by geography, including exposures to Japan, the Netherlands and the United Kingdom alongside its dominant U.S. allocation. The Y USD class also has no entry or exit fee, and dividends are reinvested.
2026-05-31
Risks
All investments involve risk, and the value of the investment and the income from it will fluctuate, with possible loss of capital. Fund-specific risks include equity market risk, concentration risk from investing in a limited number of securities and holding relatively large positions in particular industries, countries, sectors, currencies or issuers, and liquidity risk in relation to certain securities and illiquid financial instruments. The sub-fund may use derivatives for efficient portfolio management and investment purposes, which can introduce significant volatility, and it may also have counterparty credit exposure through instruments such as swaps, repurchase agreements and other FDIs. Additional risks include operational risk, currency risk where securities are denominated in currencies different from the base currency, emerging-markets risk including custody and transaction risk, China-related investment risk including Stock Connect risk, sustainability-related risk, and QFI status risk.
2026-05-31
Asset manager
PineBridge Investments Ireland Limited is the Manager and Global Distributor of the fund. The investment managers of the sub-fund are PineBridge Investments LLC and PineBridge Investments Europe Limited. PineBridge Investments is part of MetLife Investment Management, MetLife, Inc.’s institutional investment management business. The product is a sub-fund of PineBridge Global Funds, an open-ended umbrella unit trust established and authorised in Ireland as a UCITS, with segregated liability between sub-funds.
2026-05-31