497 1 pinebridge_497e.htm SUPPLEMENTARY MATERIALS pinebridge_497e.htm
 
PineBridge Mutual Funds (the “Trust”)

Supplement dated July 6, 2012

to the
PineBridge US Micro Cap Growth Fund
PineBridge US Small Cap Growth Fund
(each a “Fund” and together, the “Funds”)

Prospectus and Statement of Additional Information (“SAI”)
dated March 30, 2012, as supplemented June 14, 2012 and June 28, 2012
 
This supplement serves as notification of the following changes to, and additional information for, the Trust’s Prospectus and SAI, and should be read in conjunction with such Prospectus and SAI.

1.  Effective July 9, 2012, the Trust’s Board of Trustees (the “Board”) approved an interim investment advisory contract between the Trust and Jacob Asset Management of New York, LLC (“JAM”), located at 653 Manhattan Beach Blvd., #J, Manhattan Beach, CA 90266, pursuant to which JAM will replace PineBridge Investments, LLC as the investment adviser to the PineBridge US Micro Cap Growth Fund and the PineBridge US Small Cap Growth Fund.  Also, subject to Board approval, it is anticipated that shareholders of the two Funds will be asked to approve a proposed reorganization of the Funds into the Jacob Funds family of funds, and that shareholders will receive proxy materials describing the details of the proposed reorganizations.  Under the interim advisory contract, there will be no change to management fees and JAM will continue the Funds’ current expense limitation arrangements.  In addition, Jamie Cuellar will continue to serve as the Portfolio Manager for the Funds under the interim arrangement as an employee of JAM.

2.  Effective July 9, 2012, the name of the Trust will be changed from PineBridge Mutual Funds to Jacob Funds II.  Accordingly, all references to “PineBridge Mutual Funds” in the Trust’s Prospectus and SAI are replaced with “Jacob Funds II”.

3.  Effective July 9, 2012, the name of the PineBridge US Micro Cap Growth Fund will be changed to Jacob Micro Cap Growth Fund.  Accordingly, all references to the “PineBridge US Micro Cap Growth Fund” in the Trust’s Prospectus and SAI are replaced with “Jacob Micro Cap Growth Fund”.

4.  Effective July 9, 2012, the name of the PineBridge US Small Cap Growth Fund will be changed to Jacob Small Cap Growth Fund II. Accordingly, all references to the “PineBridge US Small Cap Growth Fund” in the Trust’s Prospectus and SAI are replaced with “Jacob Small Cap Growth Fund II”.

5.  Effective July 9, 2012, Nicholas Denton-Clark was elected to continue to serve as Chief Compliance Officer with respect to the PineBridge US 25 Equity Fund and the PineBridge Merger Arbitrage Fund, and Ryan I. Jacob, Francis J. Alexander and Shane Morris, were elected to serve as Vice President, Assistant Treasurer and Chief Compliance Officer, respectively, with respect to the Jacob Micro Cap Growth Fund and the Jacob Small Cap Growth Fund II.  Accordingly, the following biographical information for Messrs. Jacob, Alexander and Morris, supplements the information that currently appears in the table under the section entitled “Officers”, beginning on page 34 of the Trust’s SAI:
 
 
 
 

 
Name, Year of Birth
and Address
Position(s)
Held with
Trust
Term of
Office and
Length of
Time Served
Principal Occupation(s)
During Past Five Years
Number of
Funds in
Fund
Complex
Overseen by
Trustee(1)
Other
Directorships
Held During the
Past Five Years
 
Officers of the Trust
 
Nicholas Denton-Clark
Chief Compliance Officer
with respect to the PineBridge Merger Arbitrage Fund and PineBridge US 25 Equity Fund
Indefinite; Until Successor Elected;
Since July 2012
Managing Director, Chief
Compliance Officer,
Americas, PineBridge
Investments LLC, since
June 2010; Senior Manager,
Governance Risk and
Regulatory Consulting
Group, Deloitte & Touche
LLP (January 2000 – June
2010).
Not
Applicable.
Not
Applicable.
Ryan I. Jacob
Vice President  with respect
to the Jacob Micro Cap
Growth Fund and the Jacob Small Cap Growth Fund II
 
Indefinite Until Successor Elected;
Since July 2012
Chairman and Chief Executive Officer of the JAM since 1999; Chief Portfolio Manager of The Internet Fund, Inc. from December 1997 – June 1999; Analyst for Horizon Asset Management, 1994 – August 1998. 
Not
Applicable.
Not
Applicable.
Francis J. Alexander
Assistant Treasurer with respect to the Jacob Micro Cap Growth Fund and the Jacob Small Cap Growth
Fund II
Indefinite Until Successor Elected;
Since July 2012
Member of the JAM and portfolio manager of the Internet Fund since 1999, Director of the Internet Fund, 1999- October 2003; President, Alexander Capital Management, Inc., 1985-Present; Managing Member, ACMG, LLC (registered investment adviser), October 1999 to December 2003; Director and portfolio manager, 1998 – March 2002, chairman of investment committee, March 1999 – March 2002, Lepercq, de Neuflize & Co. Inc. (financial services company in investment advisory and broker dealer business). 
Not
Applicable.
Not
Applicable.
Shane Morris
Chief Compliance Officer
with respect to the Jacob Micro Cap Growth Fund and the Jacob Small Cap Growth Fund II
Indefinite Until Successor Elected;
Since July 2012
Operations Manager for the JAM since July 2008; Writer, Walt Disney Animation Studios, October 2007- July 2008; Operations Manager for JAM, February 2002-October 2007. 
Not
Applicable.
Not
Applicable.
(1)      The “Fund Complex” consists of all registered investment companies within the Trust for which the Adviser serves as investment adviser (currently four Funds).
 
 
*           *           *           *           *
Please retain this supplement for future reference.