Hong Kong (香港), Individual
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Fund overview
The Wellington Credit Income Fund is actively managed and seeks long-term total returns with a secondary focus on providing regular income. The Fund will allocate across a broadly diversified portfolio of credit instruments from an investment universe which restricts investment in fossil fuels, controversial and conventional weapons, tobacco and cannabis. It will primarily invest in higher-yielding fixed income credit sectors such as emerging markets debt and high-yield debt, as well as other debt obligations including, but not limited to, investment-grade credit, structured credit, government bonds and convertible bonds. The weighted average credit quality of the Fund will typically be investment grade. The Fund is not constructed relative to a benchmark and does not use a benchmark for performance comparison purposes.
WHY WELLINGTON CREDIT INCOME FUND?
F.I.R.E. up your fixed income core portfolio
Flexible allocation
Seeks to deliver a broadly diversified portfolio of global credit instruments, capitalising on the multi-sector credit expertise from our portfolio managers
Income-oriented
Focuses on higher-yielding assets to seek regular income, while maintaining an average credit quality of typically investment-grade rating
Research-driven approach
Investment process leverages the breadth of Wellington’s fixed income platform to integrate specialist insights into the portfolio
Enhance return potential
Diversified sources of return from strategic allocation to higher-yielding sectors and opportunistic positions in niche sectors
For funds/share classes with a distribution feature, such classes aim at monthly, quarterly, half-yearly or annual distribution (where applicable). Dividend rate is not guaranteed. Distributions may be paid from capital.
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.
Meet the manager
Panning for gold and investing – what’s in common?
Meet Campe Goodman, who shares how he approaches finding the real nuggets in the credit markets.
Media Coverage
Fixed Income Portfolio Manager, Campe Goodman, speaks with iMoney and Hong Kong Economic Times (HKET) on his views on bond market outlook, rate cuts and implications to investors, and how his credit income strategy's dynamic approach is working in today's market conditions.
Performance: PAST RESULTS AREN'T NECESSARILY INDICATIVE OF FUTURE RESULTS AND AN INVESTMENT CAN LOSE VALUE. Please refer to the Fund Details section under Key Fund Facts for the inception date of the specific share class. Calendar year performance for the inception year of share classes is calculated since inception to calendar year-end. 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. Source: Fund - Wellington Management.
Charges & Expenses: please refer to the offering documents for details.
Yield to worst is an estimate of the lowest possible total return that could be received on bonds held by a Fund, without the issuer defaulting. It is used for bonds where the issuer has the right to redeem the bond prior to its maturity date. It is an estimate of the worst-case scenario for yield taking into account the rights of the issuer.
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.
