Some sub-funds of PineBridge Global Funds may use FDI for efficient portfolio management (including hedging) and/or investment purpose and sub-funds of PineBridge International Funds may use FDI for hedging purpose. These sub-funds may be subject to various types of risk such as counterparty, liquidity, correlation, credit, volatility, valuation and settlement risks which can have an adverse effect on the net asset value of the sub-fund.