Wellington Em.Local Debt Fd.S EUR/  IE00BW4NVS37  /

The Fund seeks long-term total returns. The Fund will be actively managed seeking to outperform the JP Morgan Government Bond Index - Emerging Markets Global Diversified Index (the "Index"), investing primarily in a diversified portfolio of emerging market local currency-denominated debt securities and currency instruments. The Fund will generally be diversified by country, currency and issuer, but may hold concentrated positions from time to time. The Index consists of domestic currency government bonds to which international investors can gain exposure. The Index uses a weighting scheme to reduce the weight of large countries and redistributes the excess to the smaller weight countries with a maximum weight of 10% per country. The Fund will invest, either directly or via derivatives, in bonds (fixed or floating rate) issued by government, sovereign, quasi-sovereign agency, supranational or corporate issuers across multiple denominations and countries. The Fund may actively manage its exposure to both emerging and developed markets currencies. Average credit quality may be below investment grade.

The Fund seeks long-term total returns. The Fund will be actively managed seeking to outperform the JP Morgan Government Bond Index - Emerging Markets Global Diversified Index (the "Index"), investing primarily in a diversified portfolio of emerging market local currency-denominated debt securities and currency instruments. The Fund will generally be diversified by country, currency and issuer, but may hold concentrated positions from time to time. The Index consists of domestic currency government bonds to which international investors can gain exposure. The Index uses a weighting scheme to reduce the weight of large countries and redistributes the excess to the smaller weight countries with a maximum weight of 10% per country.