- Co-Head of Multi-Asset Platform
- Singapore
Asset classes
Hong Kong (香港), Individual
Change
- Elevate your game
- Credit Income Strategy
- MAHI Fund
IMPORTANT INFORMATION
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 Multi-Asset High Income Fund
- The Fund aims to deliver a regular income, with a secondary focus on capital growth by primarily investing either directly or indirectly in global assets including equities, sovereign, corporate and inflation linked bonds.
- The Fund is therefore exposed to a range of investment risks including but not limited to equity market risks; risks related to fixed income and debt securities and risks associated with investing in emerging markets.
- The Fund uses a dynamic asset allocation strategy which may incur greater transaction costs when rebalanced periodically and may not achieve desired result under all conditions.
- The Fund may also invest in debt securities with loss absorption features which are subject to higher risks when compared to traditional debt instruments.
- The Fund may also be exposed to currency risks where the underlying investments of the Fund may be denominated in currencies other than the base currency of the Fund or the share class.
- 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 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 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.
our unique perspective on income investing:
differentiate quality within higher yielding opportunities
Navigate volatile markets
Global markets have remained volatile amid uncertain monetary policy outlook, stubbornly high inflation, and ongoing geopolitical tensions.
To help navigate risks, many investors have turned their attention to investments that can potentially generate consistent income and total returns.
Differentiate quality yield
Income investing may seem like a straightforward enough concept.
However, some may not realise that investing for income is not simply about “chasing yield” — in part because the highest-yielding assets may not always be the most attractive due to potential liquidity risks.
Stay active and flexible
Robust, yet flexible and multi-faceted solutions could allow investors to capture overlooked pockets of income and return opportunities, even under volatile market conditions.
stay active with our income solutions
Wellington Credit Total Return Fund
To income & beyond
- Differentiated approach: Unconstrained, bottom-up investment approach, combined with a top-down risk assessment framework; focused on identifying securities with a higher probability of generating outsized returns more frequently
- Dynamic rotation: The Fund tactically rotates between credit and US Treasuries, owning credit when there is perceived value in doing so, and seeking safety in US Treasuries and cash when valuations appear stretched
- Distinctly simple: A focused, long-only cash bond fund seeking long-term total returns through sector and security selection; our universe is made up of US Treasuries, corporates and select emerging market debt
Wellington Credit Income Fund
F.I.R.E. up your core
- Flexible allocation: Seeks to diversify across global credit instruments with average quality typically at investment-grade rating ^
- Income-oriented: Distributing share classes aim to pay dividend on a monthly basis (Dividend rate is not guaranteed. Distributions may be paid from capital. Refer to Important Information 7)
- Research-driven approach: Leveraging the multi-sector credit expertise of Wellington’s fixed income platform
- Enhance return potential: Offers opportunistic positions in niche sectors
Wellington Multi-Asset High Income Fund
D.I.G. deep to seek consistent income
- Dynamically managed: Seeks to control volatility and manage downside risks
- Income-oriented: Distributing share classes aim to pay dividend on a monthly basis (Dividend rate is not guaranteed. Distributions may be paid from capital. Refer to Important Information 7)
- Global multi-asset approach: Diversified across equities, fixed income and complementary income-producing assets such as equity-covered call options
^ The weighted-average credit quality of the Fund will typically be investment grade, i.e. rated at or above Baa3 by Moody’s, BBB- by Standard & Poor’s or BBB- by Fitch.
Our experts' views on income investing
- Fixed Income Portfolio Manager
- Boston
- Fixed Income Portfolio Manager
- Boston
wellington - your trusted partner in income investing
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Who we are
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Wellington in Asia
Who we are
Our offering is designed to help meet clients’ differing goals, and our investment approaches span across global markets and multiple asset classes. Each solution is underpinned by extensive proprietary research and a collaborative culture of idea sharing and stress testing at global scale.
USD 1 T+
client assets under management
Fixed income
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USD 450 B+
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assets managed firmwide
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Broad range of strategies that invest across the full spectrum, leveraging expertise from macro, credit and currency specialists.
Multi-asset
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USD 175 B+
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assets managed firmwide
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Our specialists within the multi-asset team focus on creating balanced solutions to address income needs.
All figures are for the Wellington Management Group of companies as at 30 June 2024.
Wellington in Asia
Since opening our first office in Singapore over 25 years ago, we have expanded our network across Asia and are now based in Shanghai, Hong Kong, Singapore, Tokyo and Sydney.
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.
