Wellington Multi-Sector Credit Fund USD S Q1 DisU/  LU2418200924  /

The Fund seeks long-term total returns (income and capital appreciation). The Investment Manager will actively manage the Fund, seeking to achieve the objective by allocating its assets across a broadly diversified portfolio of both direct and derivative credit instruments, including emerging market debt, high yield debt, and bank loans. The Fund primarily invests, either directly or via derivatives, in bonds (fixed or floating rate) issued by corporate, government, agency, or supranational issuers globally, bank loans, mortgage and other asset-backed securities, convertible bonds, fixed income ETFs and cash and cash equivalents. The Fund invests in higher-yielding sectors of the credit market and has no limitations on the credit quality of individual securities, however the average credit quality of the Fund should generally be expected to be B- or better. The average duration of the Fund will generally range between 2-6 years. Derivatives will be used to hedge (manage) risk and/or volatility and for investment purposes (such as gaining exposure to a security, to create leverage and/or a short position). Derivatives will form a significant part of the strategy and will impact performance.

The Fund seeks long-term total returns (income and capital appreciation). The Investment Manager will actively manage the Fund, seeking to achieve the objective by allocating its assets across a broadly diversified portfolio of both direct and derivative credit instruments, including emerging market debt, high yield debt, and bank loans.