Wellington Euro High Yield Bond Fund EUR T AccU/  IE00BLH0WG95  /

The Fund seeks long-term total returns. The Fund will be actively managed seeking to outperform the ICE BofA Euro High Yield Constrained Index ("the Index") and achieve the objective, primarily through investment in debt securities denominated in European currencies issued worldwide. The Fund's investment approach is based on a combination of the analysis of the credit profile of individual high yield issuers and country level macroeconomic research. The Index tracks the performance of Euro-denominated bonds, below investment grade corporate debt publicly issued by corporations from across the world. Below investment grade securities are those which are deemed to have relatively low credit rating. The largest issuers are capped at 3% of the weight of the total index, with the excess weight redistributed equally amongst the issuers under that cap. Whilst the Fund is managed relative to the Index its holdings may deviate from the Index from time to time. The Fund seeks to achieve its objective by primarily investing in below investment grade (credit rating of below Baa3 by Moody's, BBB- by Standard & Poor's, or BBBby Fitch) debt securities denominated in European currencies issued worldwide. The majority of the Fund's debt securities will be denominated in Euro. Any non- Euro currency exposures will generally be hedged to Euro. The Investment Manager looks to construct a portfolio that is well-diversified by industry but also able to take advantage of favourable secular or cyclical industry trends. Analysis will also include a geographical view, which will identify the regions they wish to invest large or small amounts in. The Fund is subject to a strong focus on risk, which is actively managed at the security, sector and total portfolio level, with the objective of generating strong risk-adjusted returns in a wide variety of market environments.

The Fund seeks long-term total returns. The Fund will be actively managed seeking to outperform the ICE BofA Euro High Yield Constrained Index ("the Index") and achieve the objective, primarily through investment in debt securities denominated in European currencies issued worldwide. The Fund's investment approach is based on a combination of the analysis of the credit profile of individual high yield issuers and country level macroeconomic research. The Index tracks the performance of Euro-denominated bonds, below investment grade corporate debt publicly issued by corporations from across the world. Below investment grade securities are those which are deemed to have relatively low credit rating. The largest issuers are capped at 3% of the weight of the total index, with the excess weight redistributed equally amongst the issuers under that cap. Whilst the Fund is managed relative to the Index its holdings may deviate from the Index from time to time.