Asset classes
Hong Kong (香港), Individual
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Important information:
- Investment involves risk. Past Performance does not guarantee future returns.
- Investments may fall in value and therefore your investment in the funds may suffer losses. There is no guarantee of the repayment of principal.
- Investors should not make investment decisions based on this document alone. Investors should refer to the Prospectus and Key Facts Statement of the relevant funds for details including risk factors.
- Some funds may use financial derivative instruments (FDIs) for investment and/or hedging purposes. Exposure to FDIs may lead to a high risk of significant loss.
- Equity funds may be exposed to a range of risks including general equity market risks, currency risks, political risk, hedging risks, tax risk, conversion risk, risks relating to REITs, risks relating to the use of Stock Connect and geographic concentration risks. Some funds have concentrated exposures for example in a single market (e.g. the US), industry, sector, theme or number of securities held and may experience greater volatility.
- Funds which invest in credit market and debt securities are 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. High yield securities are also considered more speculative as it generally entails increased credit and market risk.
- Funds which invest in emerging markets are exposed to greater volatility risks, political risks, and economic risks.
- Funds which invest in debt securities with loss absorption features are subject to greater risk in comparison to traditional debt instruments.
- Funds may also be exposed to currency risks where the underlying investments of the funds may be denominated in currencies other than the base currency of the funds or the share class(es).
- The Wellington Next Generation Global Equity Fund, Wellington Next Generation Education Fund and Wellington Sustainable Outcomes Fund follow an environmental, social and governance (ESG) investment approach, which may cause the funds to be overweight and/or underweight in certain countries, regions or sectors and thus perform differently than funds that have a similar objective but which do not incorporate sustainability investment criteria when selecting securities. The value of the funds will be more volatile than that of a fund having a more diverse portfolio of investments. The funds may also be exposed to other risks relating to ESG/sustainable investment approach including exclusion risk, reliance on corporate data or third-party information.
- The Wellington Next Generation Education Fund primarily invests in securities issued by companies that contribute to education. The value of the fund may be more volatile than that of a fund having a more diverse investment portfolio. Investments in education are subject to risks of intense competition, lack of innovative education models and innovative financing structure.
- The Wellington Multi-Asset High Income Fund uses a dynamic asset allocation strategy which may incur greater transaction costs when rebalanced periodically.
- Some funds may at its discretion distribute dividend and payment of dividend out of capital and/or effectively out of capital which 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 such distributions may result in an immediate reduction of the Net Asset Value per share.
* Past results are not necessarily indicative of future results and an investment can lose value. Performance shown is calculated as NAV-to-NAV in the denominated currency and are net of fees and other expenses with dividends reinvested. Periods greater than one year are annualised. For funds/share classes denominated in foreign currencies, US/HK dollar-based investors are exposed to fluctuations in the currency exchange rate. Please note the fund has a swing pricing mechanism in place. If the last business day of the month is not a business day for the Fund, performance is calculated using the last available NAV. This may result in a performance differential between the fund and the index. Calendar year performance for the inception year of share classes is calculated since inception to calendar year-end. Past performance is not shown until the share class has 6 months performance record. Source: Fund - Wellington Management.
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.