PDAVX: PineBridge Dynamic Asset Allc Invt Svcng

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PDAVX PineBridge Dynamic Asset Allc Invt Svcng

  • Fund
  • PDAVX
  • Price as of: Oct 15, 2019
  • $10.71 + $0.04 + 0.38%

PDAVX - Profile

Vitals

  • YTD Return 7.7%
  • 3 Yr Annualized Return 0.8%
  • 5 Yr Annualized Return N/A
  • Net Assets $219 M
  • Holdings in Top 10 31.1%

52 WEEK LOW AND HIGH

$10.71
$9.68
$10.99

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.30%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 109.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$100,000

IRA

N/A

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style World Allocation

Distributions

  • YTD Total Return 7.7%
  • 3 Yr Annualized Total Return 4.3%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.39%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name PineBridge Dynamic Asset Allocation Fund
  • Fund Family Name PineBridge
  • Inception Date Mar 02, 2016
  • Shares Outstanding 1549033
  • Share Class Inv
  • Currency USD
  • Domiciled Country United States
  • Manager Jose R. Aragon

Fund Description

The investment objective of the fund is to seek to achieve total return primarily by managing allocations among a broad range of asset classes, and secondarily by generating alpha (i.e., excess returns) through individual investment selections, based on a combination of factors, including, but not limited to, the Adviser's macroeconomic views, fundamental analyses and risk management considerations.

PDAVX - Performance

Return Ranking - Trailing

Period PDAVX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.7% -8.7% 19.4% 83.22%
1 Yr -1.7% -24.0% 10.1% 82.03%
3 Yr 0.8%* -10.2% 10.2% 81.57%
5 Yr N/A* -8.7% 7.7% N/A
10 Yr N/A* -2.9% 9.4% N/A

* Annualized


Return Ranking - Calendar

Period PDAVX Return Category Return Low Category Return High Rank in Category (%)
2018 -11.8% -32.7% 0.0% 67.98%
2017 9.7% -3.7% 19.3% 38.33%
2016 N/A -9.5% 13.7% N/A
2015 N/A -19.1% 1.0% N/A
2014 N/A -21.3% 8.3% N/A

Total Return Ranking - Trailing

Period PDAVX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.7% -8.7% 19.4% 83.45%
1 Yr 0.9% -24.0% 9.9% 75.58%
3 Yr 4.3%* -10.2% 10.2% 59.62%
5 Yr N/A* -8.7% 8.0% N/A
10 Yr N/A* -2.9% 9.4% N/A

* Annualized


Total Return Ranking - Calendar

Period PDAVX Return Category Return Low Category Return High Rank in Category (%)
2018 -9.5% -32.7% 0.0% 69.95%
2017 16.1% -3.7% 22.1% 15.28%
2016 N/A -9.5% 20.7% N/A
2015 N/A -15.9% 6.2% N/A
2014 N/A -21.3% 10.1% N/A

NAV & Total Return History

PDAVX - Holdings

Concentration Analysis

PDAVX Category Low Category High PDAVX % Rank
Net Assets 219 M 1.73 M 111 B 78.88%
Number of Holdings 1356 52 3759 28.89%
Net Assets in Top 10 18.4 M -15.8 M 19.6 B 83.07%
Weighting of Top 10 31.13% 5.3% 224.0% 30.93%

Top 10 Holdings

  1. E-mini S&P 500 Sept19 5.26%

  2. US 10 Year Note (CBT) Dec19 4.24%

  3. United States Treasury Notes 2.5% 3.56%

  4. SGX FTSE Xinhua China A50 Index Future Sept19 3.49%

  5. United States Treasury Notes 1.38% 3.10%

  6. S&P CNX Nifty Index Futures Sept19 3.09%

  7. United States Treasury Notes 2.38% 3.08%

  8. Invesco DB Base Metals 1.85%

  9. Nuveen Symphony Floating Rate Income I 1.77%

  10. Us 5yr Note (Cbt) Dec19 1.70%


Asset Allocation

Weighting Return Low Return High PDAVX % Rank
Stocks
51.85% 20.81% 78.86% 57.11%
Bonds
27.34% 20.05% 64.02% 72.69%
Cash
19.97% -10.06% 50.88% 8.80%
Other
0.84% -8.20% 48.30% 29.35%
Preferred Stocks
0.00% 0.00% 18.53% 98.65%
Convertible Bonds
0.00% 0.00% 5.94% 100.00%

Stock Sector Breakdown

Weighting Return Low Return High PDAVX % Rank
Technology
15.81% 0.00% 22.00% 5.48%
Financial Services
10.65% 0.00% 16.11% 20.55%
Industrials
5.10% 0.02% 12.82% 57.76%
Energy
3.41% -0.52% 12.30% 44.52%
Basic Materials
3.07% 0.00% 7.38% 19.18%
Consumer Cyclical
3.03% 0.00% 27.50% 80.14%
Consumer Defense
2.23% 0.00% 13.50% 85.16%
Healthcare
2.02% 0.00% 13.92% 92.01%
Real Estate
1.53% -0.16% 60.06% 77.17%
Communication Services
0.48% 0.00% 9.51% 95.43%
Utilities
0.41% 0.00% 12.72% 87.90%

Stock Geographic Breakdown

Weighting Return Low Return High PDAVX % Rank
US
27.06% -0.12% 62.07% 57.79%
Non US
24.79% 0.17% 60.41% 36.79%

Bond Sector Breakdown

Weighting Return Low Return High PDAVX % Rank
Cash & Equivalents
19.87% -24.17% 51.73% 10.38%
Securitized
13.31% 0.00% 55.61% 23.48%
Government
8.70% -28.14% 43.92% 71.33%
Corporate
5.33% -0.53% 49.57% 92.10%
Derivative
0.10% -8.96% 28.96% 7.00%
Municipal
0.00% 0.00% 8.28% 96.16%

Bond Geographic Breakdown

Weighting Return Low Return High PDAVX % Rank
US
14.91% -7.69% 53.76% 86.68%
Non US
12.43% -14.45% 40.88% 34.31%

PDAVX - Expenses

Operational Fees

PDAVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.30% 0.07% 26.19% 40.24%
Management Fee 0.75% 0.00% 2.05% 80.67%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.30% N/A

Sales Fees

PDAVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.20% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

PDAVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.20% 2.00% N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PDAVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 109.00% 14.00% 586.00% 79.32%

PDAVX - Distributions

Dividend Yield Analysis

PDAVX Category Low Category High PDAVX % Rank
Dividend Yield 0.19% 0.00% 4.90% 76.18%

Dividend Distribution Analysis

PDAVX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Quarterly

Dividend Payout History


Net Income Ratio Analysis

PDAVX Category Low Category High PDAVX % Rank
Net Income Ratio 1.39% -0.82% 5.19% 72.00%

Capital Gain Distribution Analysis

PDAVX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

PDAVX - Managers

Jose R. Aragon

Manager

Start Date

Tenure

Tenure Rank

Mar 02, 2016

3.58

3.6%

Jose R. Aragon Senior Vice President, Portfolio Manager, Global Multi-Asset PineBridge Investments, New York Mr. Aragon joined the firm in 2003 and is a Portfolio Manager for PineBridge Investments multi-asset products. Prior to assuming this role, Mr. Aragon managed a multi-strategy hedge fund. Preceding this, he was a Quantitative Analyst in the firm's Structured Equity group. Before joining PineBridge Investments, Mr. Aragon was a Captain in the U.S. Air Force. During his tenure in the military, Mr. Aragon was an Assistant Professor of Aerospace Studies at the University of Illinois, Urbana-Champaign. Prior to this, he was stationed at Wright-Patterson Air Force Base, where he was the F-16 Production Risk Manager and Avionics Systems Engineer. Mr. Aragon received a BS in Electrical and Computer Engineering from Carnegie Mellon University, graduating with the Carnegie Mellon President's Award. He also received an MBA in Finance, Accounting, Entrepreneurship and International Business from the Kellogg School of Management at Northwestern University. Mr. Aragon is an Alumnus of the Robert Toigo Foundation, a member of the Society of Quantitative Analysts and a member of the Global Association of Risk Professionals.


Peter Hu

Manager

Start Date

Tenure

Tenure Rank

Mar 02, 2016

3.58

3.6%

Mr. Hu joined the firm in 2006 and is responsible for leading the portfolio implementation function for the Global Multi-Asset Team, where he is also involved in developing investment and risk management tools. Prior to joining the team in 2009, Mr. Hu was an analyst within the Quantitative Portfolio Management Group. Mr. Hu also co-chairs the Global Derivatives Committee to ensure adequate risk management associated with derivatives investment throughout the firm. He also is a CFA charterholder and a Certified FRM holder.


Agam Sharma

Manager

Start Date

Tenure

Tenure Rank

Mar 02, 2016

3.58

3.6%

AGAM SHARMA Managing Director, Portfolio Manager, Global Multi-Asset PineBridge Investments, New York Mr. Sharma joined the firm in 2013 and leads the global client-facing function for the Global Multi-Asset Team. As part of this role, Mr. Sharma contributes to developing the firm’s Capital Market Line and Multi-Asset Strategy, and participates in portfolio implementation efforts. Prior to joining the firm, Mr. Sharma spent seven years at BlackRock Inc. where he was part of the Special Opportunities Group, helping to identify and structure investment opportunities across multiple fixed


Michael J. Kelly

Manager

Start Date

Tenure

Tenure Rank

Mar 02, 2016

3.58

3.6%

Mr. Kelly is the Global Head of Multi-Asset and Manager Selection at PineBridge Investments and sits on the firm’s Liquid Council. He joined the firm in 1999 and is responsible for expanding the firm’s capabilities for institutional pension fund advisory as well as retail orientated Multi-Asset vehicles. He spent 15 years with JP Morgan Investment Mgmt in various research and portfolio mgmt roles. His investment experience began in 1980. Mr. Kelly received an MBA from the Wharton Graduate School of Business and is a CFA charterholder.


Paul Mazzacano

Manager

Start Date

Tenure

Tenure Rank

Mar 02, 2016

3.58

3.6%

Paul Mazzacano Senior Vice President, Head of Manager Selection, Global Multi-Asset PineBridge Investments, New York Mr. Mazzacano joined the firm in 2001 and is responsible for the global coordination of manager selection and monitoring activities for the Global Multi-Asset Team. Prior to his current role, Mr. Mazzacano was head of Global Product Management. Before joining the firm, Mr. Mazzacano spent seven years at Transamerica Retirement where he was responsible for selecting and monitoring sub-advisory relationships with institutional investment management firms. Prior to that, Mr. Mazzacano gained investment experience at Oppenheimer & Company. Mr. Mazzacano serves on the advisory board of Institutional Investor’s Sub-Advisory Institute. He holds a BS in mathematics with applied options from Fordham University and an MBA from the Hagan School of Business, Iona College. He also holds Series 7 and 63 securities licenses.


Tenure Analysis

Category Low

0.05

Category High

27.76

Category Average

6.38

Category Mode

6.75