Fund Evaluator:
PineBridge Dynamic Asset Allc Instl (PDAIX)
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Best Performing in Tactical Allocation Over the Last Year
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Fund Details
PineBridge Dynamic Asset Allc Instl Overview
PineBridge Dynamic Asset Allc Instl (PDAIX) is an actively managed Allocation Tactical Allocation fund. PineBridge launched the fund in 2016.
The investment seeks total return. 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.
About PineBridge Dynamic Asset Allc Instl (PDAIX)
There are 5 members of the management team with an average tenure of 8.32 years: Paul Mazzacano (2016), Peter Hu (2016), Sunny Ng (2019), Austin Strube (2022), Michael Kelly (2016). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and Bloomberg Global Treasury TR USD index with a weighting of 100%. PineBridge Dynamic Asset Allc Instl has 838 securities in its portfolio. The top 10 holdings constitute 36.5% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
PineBridge Dynamic Asset Allc Instl is part of the Allocation global asset class and is within the Allocation fund group. PineBridge Dynamic Asset Allc Instl has 35.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 41.1%. There is 23.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 22.4% (11.1% domestic bond, 11.4% foreign bond and 0.0% convertible bond). PineBridge Dynamic Asset Allc Instl has 12.7% of the portfolio in cash.
Assets Under Management
The fund has $119 million in total assets, which is below the $222 million average for the Tactical Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
PDAIX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The PineBridge Dynamic Asset Allc Instl expense ratio is above average compared to funds in the Tactical Allocation category. PineBridge Dynamic Asset Allc Instl has an expense ratio of 0.77%, which is 56% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. PineBridge Dynamic Asset Allc Instl has a portfolio turnover rate of 133%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 196% for the Tactical Allocation category.
Recently, in the month of July 2026, PineBridge Dynamic Asset Allc Instl returned -0.5%, which earned it a grade of B, as the Tactical Allocation category had an average return of -0.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
PineBridge Dynamic Asset Allc Instl has a trailing yield of 1.81%, which is below the 2.86% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
PineBridge Dynamic Asset Allc Instl Grades
Year to date, the fund has returned 5.4%, 3.0 percentage points worse than the category, which translates into a grade of D. The fund has returned 12.3% over the past year (grade of D), 9.7% over the past three years (grade of D) and 2.7% per year over the past five years (grade of F) and 5.3% per year over the past 10 years (grade of D).
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PDAIX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PDAIX Return (NAV) | -0.5% | 2.4% | 12.3% | 9.7% | 2.7% | 5.3% |
| PDAIX Grade | B | B | D | D | F | D |
| +/- Category | 0.3% | 0.9% | -3.9% | -0.9% | -2.6% | -1.0% |
| Tactical Allocation Avg | -0.9% | 1.5% | 16.2% | 10.6% | 5.3% | 6.3% |
| PDAIX Tax Cost Ratio | na | na | 0.8% | 1.0% | 0.9% | 1.0% |
PDAIX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PDAIX Return (NAV) | 5.4% | 14.5% | 5.7% | 7.6% | -16.6% | 6.5% | 13.0% | 15.1% | -9.5% | 16.1% | na |
| PDAIX Grade | D | B | D | D | D | F | B | B | F | B | na |
| +/- Category | -3.0% | 1.8% | -3.3% | -3.1% | -3.4% | -6.2% | 2.8% | 1.6% | -3.2% | 2.9% | na |
| Tactical Allocation Avg | 8.4% | 12.7% | 8.9% | 10.8% | -13.1% | 12.7% | 10.2% | 13.5% | -6.2% | 13.2% | 5.6% |
| Risk Measures | |
| Standard Deviation: | 10.4% |
| Total Risk Index: | 0.85 - Average |
| Category Risk Index: | 1.02 - Above Average |
| Category Risk Grade: | D (62% Rank) |
| Beta: | 1.02 |
| R-Squared: | 84% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 1.8% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $122 Mil |
| Fund Total Assets: | $ 120 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 133% |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 10.4 years | |||
| Average Tenure: 8.3 years | |||
| Managers (Year): Mazzacano Paul (2016), Hu Peter (2016), Kelly Michael (2016), Ng Sunny (2019), Strube Austin (2022) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 838 |
| % in Top 10 Holdings: | 36.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 35.0% |
Portfolio Allocation |
|
| Domestic Stock: | 41.1% |
| Foreign Stock: | 23.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 11.1% |
| Foreign Bond: | 11.4% |
| Convertible Bond: | 0.0% |
| Other: | 0.2% |
| Cash: | 12.7% |
Purchase Information
| Fund Family: | PineBridge |
| Phone Number: | 877-225-4164 |
| Website: |
| Status: | Open |
| Inception Date: | March 2, 2016 |
| Min. Initial Purchase: | $1,000,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.77% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 1.76% |
| Share Class: | PineBridge Dynamic Asset Allc Instl |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
