FACTSHEET
RISK DISCLOSURE STATEMENT
•The Fund invests primarily in equity and
equity-related securities of companies listed on
stock exchanges in India or closely related to the
economic development and growth of India, and
may be exposed to relatively higher risks (e.g.
equity, emerging markets, market volatility,
country concentration and India exchange control
risks, and risk associated with Indian taxation for
investments made through PineBridge GF
Mauritus Limited, etc). •The Fund may use
financial derivative instruments (“FDI”) to limited
extent. •Dividends, if any, may be paid out of
capital of the Fund at the discretion of the
Manager. This amounts to a return or withdrawal
of part of an investor’s original investment or from
any capital gains attributable to that original
investment and may result in an immediate
decrease in the net asset value of the Fund.
•Investors may be subject to substantial losses
due to investment loss risk and the leveraging
effect of using FDI. •Investors should not rely
solely on this material to make investment
decisions.
Objective
Fund Size
To achieve long term capital
appreciation by investing in
equity and equity-related
securities of companies listed
on stock exchanges in India or
closely related to the economic
development and growth of
India.
PineBridge India Equity Fund
MARKET REVIEW
The defeat of Modi's party in the state elections probably caused the markets to come down as there is fresh
uncertainty on reforms. There was a broad disappointment from the quarterly results where companies could
not demonstrate sales growth, even though margins improved due to lower commodity prices.

FUND ATTRIBUTION & POSITIONING
The Fund underperformed its benchmark index during November due to sector allocation.
Specifically, an overweight to the Materials sector dragged on the Fund’s performance, whereas an
underweight to the Health Care sector helped performance. From a stock perspective, Hero MotoCorp
contributed to performance, while Shree Cement was the biggest detractor. The Team noted earlier in the
year that due to the inclusion of Shree Cement in the MSCI Index, its price may be more volatile than in the
past.
There was little Fund activity during the month. Wipro and Shree Cement were added to the Fund, while
Coromandel was sold. The Team now has a sizeable position in cash, which it intends to deploy as, and when,
good opportunities arise.



MARKET OUTLOOK
Clearly, the reality is more sober than the expectations which were being priced a year back. The Team has
always been careful of choosing the companies it invests in and it tries to ensure that most of its investee
companies have no leverage. So, in case the recovery gets delayed, the shareholder gets delayed and not
diminished gratification.

PERFORMANCE % - Class A
For periods to 30 November 2015
300
250
200
150
100
50
USD 898.8 million
0
-50
NAV Per Unit
Y - USD 375.1124
A - USD 43.2078
Wtd Avg Mkt Cap
USD 13,565 million
No. of Securities
40
Calendar
2013
2012
2011
2010
Period
3 Mth
1 Yr
3 Yr
5 Yr
Since Incep.
Inception Date
Y - 12 Sep 2005
Fund %
1.3
56.0
-5.9
18.2
-30.5
21.4
Fund %
-1.4
-0.9
49.3
27.5
245.7
A - 12 Sep 2005
Benchmark %
-8.4
23.9
-3.8
26.0
-37.2
20.9
Benchmark %
-2.8
-13.8
9.1
-7.0
122.0
Benchmark
MSCI India DTR Net
Fund performance is calculated net of fees and on a cumulative basis. NAV to NAV IN USD with income reinvested.
Currency
Y - USD
A - USD
TOP FIVE HOLDINGS
Sector
Infosys Ltd
Information Technology
Min. Investment
Y - USD 1 million
Shree Cement
Materials
9.9
Wipro
Information Technology
9.7
Maximum 5%
Cummins India
Industrials
7.3
Y - 1.00%
Hero Motocorp Ltd
Consumer Discretionary
5.3
A - 1.30%
TOTAL
ISIN
Y - IE00B0JY6L58
A - IE00B0JY6M65
The NAV used to compute the percentage (%) of top 5 holdings excluded cash in its computation. As such, the % level of the
holdings may be higher than the actual figures
Bloomberg
Y - PBIINEY
A - PBIINEA
Fund Manager(s)
Elizabeth Soon
Rating(s)
Morningstar 
A - USD 1,000
Initial Charges
Management Fee
01/06
01/07
01/08
01/09
01/10
Fund
2015 YTD 2014
01/11
01/12
01/13
01/14
01/15
Benchmark
Fund %
10.3
42.5
SECTOR BREAKDOWN
22.1% Industrials
21.1% Information Technology
15.6% Materials
12.7% Consumer Discretionary
7.3% Financials
4.5% Health Care
4.4% Consumer Staples
3.5% Utilities
8.9% Cash
Investment involves risks. Past performance is not indicative of future performance. Investors should refer to the offering documents for details, including risk factors. All information as of 30 Nov 2015. Unless otherwise noted, all
information is sourced from PineBridge Investments internal data. PineBridge India Equity Fund (the "Fund") is a sub-fund of PineBridge Global Funds, an Irish domiciled UCITS umbrella fund, authorized and regulated by the Central
Bank of Ireland. Performance is representative of Class 'A' in U.S. Dollars. On 29 March 2011, the investment policy of the Sub-Fund was changed. The PineBridge Global Funds were renamed from AIG Global Funds on 7 April 2010,
and the sub-funds replaced "AIG" with "PineBridge" in their sub-fund names. PineBridge Investments is a group of international companies that provide investment advice and market asset management products and services to
clients around the world. PineBridge Investments is a registered trademark proprietary to PineBridge Investments IP Holding Company Limited. Services and products are provided by one or more affiliates of PineBridge however
certain incidental middle and back office services may be outsourced to 3rd parties. This material is issued by PineBridge Investments Asia Limited and has not been reviewed by the Securities and Futures Commission. Morningstar
Rating™ Source: Morningstar Essentials™. Copyright © 2015 Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 30 Nov 2015, in the INDIA EQUITY Morningstar Category. Morningstar Performance ratings shown reflect
the share class performance shown unless noted otherwise.