UCITS V and AIFMD Remuneration Policy

PineBridge Investments Ireland Limited (the “Manager”) has established a remuneration policy (the “Policy”) in line with the UCITS V and AIFMD requirements. The Policy includes details on how relevant staff are remunerated in a way which is consistent with and promotes sound and effective risk management and does not encourage risk-taking which is inconsistent with the risk profiles of PineBridge Global Funds and other alternative investment funds in respect of which the Manager acts as an alternative investment fund manager. Remuneration and benefits are calculated based on market rate, meeting and improving individual and department goals including those related to risk and conflict management and other considerations that may apply. The Manager has established a remuneration committee which includes independent directors of the Manager. The regional Head of Human Resources is a non-voting member of the remuneration committee.