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520722680
Share Class Inception Date: 16/08/2023
ISIN: LU2636597838

Asia Quality Income Fund

An actively managed Asian equity income fund seeking long-term total returns through capital growth and income.

This is a marketing communication. Please refer to the prospectus of the Fund and to the KIID/KID and / or offering documents before making any final investment decisions.

N/A
Morningstar Rating
11.6821
NAV (USD)
As at 06/01/2025
0.0094 (0.08%)
NAV daily change
As at 06/01/2025
1.81 M
AUM (USD)
As at 06/01/2025
Article 8
SFDR Article Classification

FUND OVERVIEW

Actively managed Asian equity income fund, seeking long-term total returns with a focus on regular income. The Fund invests in a diversified portfolio of what we believe to be high-quality companies domiciled or conducting significant business in the Asia ex Japan region. The MSCI All Country Asia ex Japan Index may be considered during portfolio construction and is used for performance comparison purposes.

Fund Highlights
  • INSIGHTS: We’re not just looking for the quality companies of today, but also those with the potential to be the quality leaders of tomorrow. We seek a differentiated view of company fundamentals to uncover long-term compounders underestimated by the market and companies with earnings or dividend growth that may surprise on the upside.
  • INCOME: We believe sustainable dividend policies and a higher bar for ESG are hallmarks of quality companies. Disciplined fundamental analysis is conducted to raise our conviction that these companies can provide a steady stream of income in a range of market environments potentially offering downside mitigation.
  • INVESTMENT EXPERTISE: We believe our experienced, dedicated, locally based team sets us apart from the crowd. Our experience has been built over years and is complemented by our “ecosystem” analysis, on-the-ground company research, and off-the-beaten path travel and forms the basis for our differentiated view of what we believe to be high-quality companies. The breadth and depth of our research is aimed at understanding the operations of a company and their intrinsic value more accurately than, and in a differentiated way to, the broader market.

FUND TEAM

Naveen Venkataramani
Equity Portfolio Manager
22 years industry experience
15 years with Wellington
Naveen is a portfolio manager in Global Equity Portfolio Management and a member of the firm’s Asia Quality Equity team. He is the portfolio manager of Asia Quality Income.

KEY FUND FACTS

Fund Details
  • Base Currency
    USD
  • Fund Inception Date
    16/08/2023
  • Share Class Inception Date
    16/08/2023
  • Asset Class
    Equity
  • Domicile
    Luxembourg
  • Bloomberg
    WLAUDMD LX
  • ISIN
    LU2636597838
  • Benchmark
    MSCI AC Asia ex Japan Net
  • SFDR Article Classification
    Article 8
Charges & Expenses
  • Management Fee
    0.65%
  • Ongoing Charges Figure
    1.74%
  • Minimum Investment
    USD 5.00 K
The Fund is authorised and regulated as a UCITS scheme by the Commission de Surveillance du Secteur Financier. The ongoing charges figure excludes Fund transaction costs, except in the case of depositary fees and an entry/exit charge paid by the Fund when buying or selling Shares in another collective investment undertaking. A detailed description of the charges that apply is set out in the section "Charges and Expenses" in the Prospectus. The ongoing charges figure may change over time. Charges applied will reduce the return potential of investments. Charges applied will reduce the return potential of investments. If an investor’s own currency is different from the currency shown, costs could increase or decrease due to currency or exchange related fluctuations.

PERFORMANCE

Cumulative PerformanceAs at 30/11/2024
Created with Highcharts 9.3.3Asia Quality Income Fund - USD D M4 DistMSCI AC Asia ex Japan NetAug 23Sep 23Oct 23Nov 23Dec 23Jan 24Feb 24Mar 24Apr 24May 24Jun 24Jul 24Aug 24Sep 24Oct 24Nov 24Nov…-10%0%10%20%30%

Past performance does not predict future returns.

Total return net of fees & expenses (%) as at 30/11/2024

SHARE CLASSFROM
TO
12/23
11/24
12/22
11/23
12/21
11/22
12/20
11/21
12/19
11/20
12/18
11/19
12/17
11/18
12/16
11/17
12/15
11/16
12/14
11/15
USD D M4 Dist
(Total Return)
18.6---------
MSCI AC Asia ex Japan Net 15.7 - - - - - - - - -

PAST PERFORMANCE DOES NOT PREDICT FUTURE RETURNS. AN INVESTMENT CAN LOSE VALUE. The inception date of the USD D M4 Dist share class is 16/08/2023. Periods greater than one year are annualised. If an investor's own currency is different from the currency in which the fund is denominated, the investment return may increase or decrease as a result of currency fluctuations. Fund returns shown are net of USD D M4 Dist share class fees and expenses. Fund returns shown are net of actual (but not necessarily maximum) withholding and capital gains tax but are not otherwise adjusted for the effects of taxation and assume reinvestment of dividends and capital gains. The index returns, where applicable, are shown net of maximum withholding tax and assume reinvestment of dividends. 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. Sources: Fund - Wellington Management. Index – MSCI.

FUND CHARACTERISTICS

As at 30/11/2024
CHARACTERISTICSFUNDBENCHMARK
Asset-Weighted Market Capitalisation (USD)152.74 BN/A
Beta (Projected)0.9N/A
Tracking Risk (Projected, Annualised)(%)4.1N/A

Source: Wellington Noether Model (projected figures).

FUND ALLOCATIONS

As at 30/11/2024
Created with Highcharts 9.3.3% OF EQUITY25.625.618.618.614.814.89.89.89.39.36.96.94.54.53.43.42.52.54.74.730.630.611.011.021.421.422.622.64.04.01.71.74.74.70.00.01.71.72.32.3FUNDBENCHMARKChinaSouth KoreaTaiwanIndiaSingaporeIndonesiaHong KongAustraliaThailandOther010203040

FUND RISKS

All investors should consider the risks that may impact their capital, before investing. The value of your investment may become worth more or less than at the time of the original investment.
Summary Risk Indicator (SRI)
As at 03/04/2024
  • 1
    Lower Risk
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
    Higher Risk
Select a risk to learn more about it
  • Concentration
  • Equities
  • Sustainability
  • Currency
  • Investment in China
  • Capital
  • Emerging Markets
  • Shanghai-Hong Kong Stock Connect
  • Manager
  • Hedging

The risk category shown is based on previous share class volatility, it is not guaranteed to remain unchanged and may shift over time. Even the lowest risk category 1 is not a risk free investment. For more information please read the Key Investor Information Document (KIID)/Key Information Document (KID).

SUSTAINABILITY-RELATED DISCLOSURE

Although the Fund doesn’t have a specific sustainable investment objective, it aims to support certain environmental and social characteristics which are consistent with its investment objective. Full details are provided in the Fund’s Sustainable Investing Disclosure Document, provided below.

Funds returns are shown net of fees. Fund returns shown are net of actual (but not necessarily maximum) withholding and capital gains tax but are not otherwise adjusted for the effects of taxation and assume reinvestment of dividends and capital gains. If an investor’s own currency is different from the currency in which the fund is denominated, the investment return may increase or decrease as a result of currency fluctuations.

Source: Wellington Management.

© 2024 Morningstar, Inc. All Rights Reserved. Past performance does not predict future returns. 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.

Investment in the funds described on this website carries a substantial degree of risk and places an investor’s capital at risk. The price and value of investments is not guaranteed and can go down as well as up. An investor may not get back the original amount invested and an investor may lose all of their investment. Investment in the funds described on this website is not suitable for all investors. If an investor is in any doubt as to the suitability of an investment in a fund, an investor should consult an independent financial advisor. The information on this website does not constitute, and should not be construed as, investment advice or a recommendation to buy, sell or otherwise transact in any security including, but not limited to, shares in the funds. An investor should only invest in a fund once that investor has carefully read and understood the offering documents for the fund which contain further information on the risks and features of the fund. Unless stated otherwise data is as at previous month end.