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USD 1 T+
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Client assets managed
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Hong Kong (香港), Individual
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IMPORTANT INFORMATION
Wellington Credit Total Return Fund
- The Fund primarily invests in a global portfolio of US Dollar-denominated treasury, corporate, high yield and emerging market fixed income instruments.
- The Fund is therefore exposed to risks relating to credit instruments, fixed income and other debt securities including but not limited to counterparty risks, interest rate risks, volatility and liquidity risks, downgrading risks, risk associated with debt securities rated below investment grade or unrated, sovereign debt risk, risk associated with preferred securities, valuation risk and credit rating risk.
- The Fund is also exposed to emerging markets risks, risks relating to securities issued by REITs, risks of investing in convertible bonds, risk of investing in Rule 144A and regulation S Securities and currency risk.
- The Fund may also invest in debt instruments with loss absorption features which are subject to higher risks when compared to traditional debt instruments.
- The Fund may use financial derivatives instruments (FDIs) for investment and hedging purposes. The use of leverage can result in a loss significantly greater than the amount invested in the FDIs by the Fund. Exposure to FDIs may lead to a high risk of significant loss by the Fund.
- The Fund may at its discretion pay dividend out of capital. The Fund may also at its discretion pay dividend out of gross income while charging all or part of the Fund’s fees and expenses to the capital of the Fund, resulting in an increase in distributable income for the payment of dividends by the Fund and therefore, the Fund may effectively pay dividend out of capital. Payment of dividends out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any distributions involving payment of dividends out of the Fund’s capital or payment of dividends effectively out of the Fund’s capital (as the case may be) may result in an immediate reduction of the net asset value per share/unit. The distribution amount and net asset value of a hedged share class may be adversely affected by differences in the interest rates of the reference currency of the hedged share class and the Fund’s base currency, resulting in an increase in the amount of distribution that is paid out of capital and hence a greater erosion of capital than other non-hedged share classes.
- Investors should not make investment decisions based on this document alone. Investors should refer to the Prospectus and Key Facts Statement for details including risk factors.
- The Fund’s investment portfolio may fall in value and therefore your investment in the Fund may suffer losses. There is no guarantee of the repayment of principal.
Wellington Credit Income Fund
- The Fund primarily invests in a fixed and floating rate credit instruments.
- The Fund is therefore exposed to risks relating to credit instruments , fixed income and other debt securities including but not limited to counterparty risks, interest rate risks, volatility and liquidity risks, downgrading risks, risk associated with debt securities rated below investment grade or unrated, sovereign debt risk, valuation risk and credit rating risk.
- The Fund is also exposed to emerging markets risks, risks relating to mortgage and other asset backed securities, interest rate risk, risk of investing in Rule 144A and regulation S Securities, risk relating to ETFs, risks relating to securities issued by REITs and currency risk.
- The Fund may also invest in high yield securities which are considered more speculative as it generally entails increased credit and market risk.
- The Fund may also invest in debt instruments with loss absorption features which are subject to higher risks when compared to traditional debt instruments.
- The Fund may use financial derivatives instruments (FDIs) for investment and hedging purposes. The use of leverage can result in a loss significantly greater than the amount invested in the FDIs by the Fund. Exposure to FDIs may lead to a high risk of significant loss by the Fund.
- The Fund may at its discretion pay dividend out of the capital. The Fund may also at its discretion pay dividend out of gross income while charging all or part of the Fund’s fees and expenses to the capital of the Fund, resulting in an increase in distributable income for the payment of dividends by the Fund and therefore, the Fund may effectively pay dividend out of capital. Payment of dividends out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any distributions involving payment of dividends out of the Fund’s capital or payment of dividends effectively out of the Fund’s capital (as the case may be) may result in an immediate reduction of the net asset value per share/unit. The distribution amount and net asset value of a hedged share class may be adversely affected by differences in the interest rates of the reference currency of the hedged share class and the Fund’s base currency, resulting in an increase in the amount of distribution that is paid out of capital and hence a greater erosion of capital than other non-hedged share classes.
- Investors should not make investment decisions based on this document alone. Investors should refer to the Prospectus and Key Facts Statement for details including risk factors.
- The Fund’s investment portfolio may fall in value and therefore your investment in the Fund may suffer losses. There is no guarantee of the repayment of principal.
Wellington US Quality Growth Fund
- The Fund primarily invests in a concentrated portfolio of US companies.
- The Fund is therefore exposed to general equity market risks, currency risks, hedging risks, tax risk and geographic concentration risks. The Fund's holdings will be concentrated in a relatively small number of securities and is susceptible to higher volatility.
- The Fund may use financial derivative instruments (FDIs) for investment and hedging purposes. The use of leverage can result in a loss significantly greater than the amount invested in the FDI by the Fund. Exposure to FDIs may lead to a high risk of significant loss by the Fund.
- Investors should not make investment decisions based on this document alone. Investors should refer to the Prospectus and Key Facts Statement for details including risk factors.
- The Fund’s investment portfolio may fall in value and therefore your investment in the Fund may suffer losses. There is no guarantee of the repayment of principal.
Achieving client outcomes since 1928
We have been actively investing for almost as long as mutual funds have existed, navigating different market conditions for over 95 years.
Established first in Boston and now globally, we believe our deep research and unique perspectives can help elevate your investments and unlock value in today's markets.
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875+
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Investment professionals
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USD 575 B+
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Equity assets managed firmwide
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USD 450 B+
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Fixed income assets managed firmwide
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All figures are for the Wellington Management Group of companies as at 30 June 2024.
Featured Funds
Wellington Credit Total Return Fund
To income & beyond
Instead of focusing on yield alone, investors could consider a dynamic approach that is focused on optimising price return and total return across market cycles.
In this short video series, Fixed Income Portfolio Manager Connor Fitzgerald takes a look at what's current in credit. Given rather tight credit spread valuations, what is Connor's outlook for the next twelve months and where are the opportunities and risks now?
LATEST DISTRIBUTION*
6.53%
Annualised yield of the USD share class
(ex-dividend date: 30/10/2024)
(Aim at monthly distribution. Dividend rate is not guaranteed. Distributions may be paid from capital. Refer to important information6)
Wellington Credit Income Fund
F.I.R.E. up your fixed income core portfolio
Capitalising on our multi-sector credit expertise, the Fund seeks to deliver a broadly diversified portfolio of global credit instruments, focusing on higher-yielding assets for regular income with average quality typically at investment-grade rating. ^
LATEST DISTRIBUTION*
6.42%
Annualised yield of the USD share class
(ex-dividend date: 30/10/2024)
(Aim at monthly distribution. Dividend rate is not guaranteed. Distributions may be paid from capital. Refer to important information7)
Wellington US Quality Growth Fund
Drive growth with quality control
With an unconstrained approach, the Fund has the flexibility to explore the full spectrum of US equities, capturing return potential from future trends while maintaining a quality bias in stock selection.
* Dividend may fluctuate and is not guaranteed. Annualised yield = (distribution per unit / share * intended dividend frequency per year) / NAV on ex-dividend date. Annualised yield is calculated using the distribution rates and NAV rates processed into the NAV declared on ex-dividend date. For further information including the ex-dividend date used, please refer to the dividend composition document located on our website: www.wellington.com.hk. The Fund intends to pay dividends from income and profits, but if these are insufficient, they may be paid from share capital. Dividends are calculated gross (before deduction of fees, expenses and taxes), and while this increases the dividend, it may erode capital. A positive distribution yield does not imply a positive return. Hedged share class dividends may be impacted positively or negatively by the difference in interest rates between the share class currency and the Fund’s base currency.
^ The weighted average credit quality of the Fund will typically be investment grade i.e. at or above Baa3 by Moody’s, BBB- by Standard & Poor's, or BBB- by Fitch.
† This figure includes all assets under management by the Quality Growth platform. The data shown is for reference only. It should not be construed as the size of the US Quality Growth Fund (the Fund). Please refer to Fund specific page for further details of the Fund.
Unique Perspectives on Elections, Interest Rates, and more...
Showing
of
Insights Posts
What does Trump's US election win mean for bond investors?
During the week of US election, Paul Skinner interviews Connor Fitzgerald, Fixed Income Portfolio Manager, on the market implications and his portfolio positioning following the presidential election results.
4
min
Article
2025-11-30
Are bond investors ready for a US industrial revolution?
Portfolio Manager Connor Fitzgerald discusses why bond investors should ready themselves for a potential US industrial revolution and shares his perspective on how to reposition portfolios for such a scenario.
6
min
Article
2025-10-31
Chart in Focus: Four key areas of opportunities in bonds amid Fed uncertainty
We discuss four key areas of opportunities in fixed income amid Fed uncertainty in the second half of the year.
3
min
Article
2025-07-31
URL References
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DISCLOSURE
This material and its contents may not be reproduced or distributed, in whole or in part, without the express written consent of Wellington Management. This document is intended for information purposes only. It is not an offer or a solicitation by anyone, to subscribe for shares in Wellington Management Funds (Luxembourg) III SICAV (the Fund). Nothing in this document should be interpreted as advice, nor is it a recommendation to buy or sell shares. Investment in the Fund may not be suitable for all investors. Any views expressed are those of the author at the time of writing and are subject to change without notice. Investors should carefully read the Key Facts Statement (KFS), Prospectus, and Hong Kong Covering Document for the Fund and the sub-fund(s) for details, including risk factors, before making an investment decision. Other relevant documents are the annual report (and semi-annual report).
© 2024 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. The Overall Morningstar Rating for a fund is derived from a weighted average of the three, five, and ten year (if applicable) ratings, based on risk-adjusted return. Past performance is no guarantee of future results.
Issued by Wellington Management Hong Kong Limited. Investment involves risk. Past performance is not indicative of future performance. This document has not been reviewed by the Securities and Futures Commission of Hong Kong.
