MAJOR RISKS

DIRECTIONAL: Not market neutral. Primarily invests in equity on both long and short sides. Will experience equity like volatility, at times. At times, markets experience great volatility and unpredictability.

BROAD INVESTMENT FLEXIBILITY: No benchmark orientation; few investment restrictions. Geographic, sector, market cap, and asset class emphases may shift over time. Net exposure is flexible; manager’s bias can change in different environments.

LEVERAGE RISK: Use of leverage may increase the risk of investment loss.

LIQUIDITY RISK: May use small capitalization companies.

COUNTRY/CURRENCY RISK: Use of non US names.

DERIVATIVES RISK: May employ derivatives including futures, swaps, options, forwards, and other instruments on equities, commodities, bonds, interest rates, credits, other fixed income, currencies, indices, and other baskets of securities. Commodity trading involves substantial risk of loss.

COUNTERPARTY RISK: Counterparty risk to prime broker, and to counterparties for over the counter derivatives transactions.

TRANSPARENCY RISK: Holdings, pricing, and other data is limited and thus less transparent than certain other investments. | Summary of some of the major risks. Consult the Fund’s prospectus for a more complete description of risks specific to the Fund.

The Wellington Global Multi Strategy Fund is a continuously offered, non diversified, registered closed end fund with limited liquidity.

Distributed by Foreside Fund Services, LLC

Investor should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please contact your financial advisor. Read the prospectus or summary prospectus carefully before investing.

The Fund has been organized as a continuously offered, non-diversified closed-end management investment company that is operated as an interval fund.

• There is not expected to be any secondary trading market in the Shares. Thus, an investment in the Fund may not be suitable for investors who may need the money they invest within a specified timeframe.
• Unlike most closed-end funds, the Shares are not listed on any securities exchange. The Fund will provide liquidity through quarterly offers to repurchase a limited amount of the Fund’s Shares (at least 5%).
• Shareholders should not expect to be able to sell their Shares in a secondary market transaction regardless of how the Fund performs. An investment in the Fund is considered to be of limited liquidity.
• An investor will pay a sales load of up to 5.00% on the amounts it invests in Class A Shares. If you pay the maximum aggregate 5.00% for sales load, you must experience a total return on your net investment of 5.27% in order to recover these expenses.
• The Fund may charge a performance fee on net profits including unrealized gains. There is a risk that such unrealized gains on which a performance fee is charged may never be realized.
• There is no assurance that annual distributions paid by the Fund will be maintained at the targeted level or that dividends will be paid at all.
• The Fund’s distributions may be funded from unlimited amounts of offering proceeds or borrowings, which may constitute a return of capital and reduce the amount of capital available to the Fund for investment. Any capital returned to Shareholders through distributions will be distributed after payment of fees and expenses.
• The Fund’s distributions may be funded from sources not available in the future, and such distributions may be unrelated to the Fund’s performance.
• A return of capital to Shareholders is a return of a portion of their original investment in the Fund, and reduces the tax basis of their investment. As a result of such reduction in tax basis, Shareholders may be subject to tax in connection with the sale of Fund Shares, even if such Shares are sold at a loss relative to their original investment.
• The Fund’s distributions may arise as a result of expense reimbursements provided by the Adviser, which are subject to repayment by the Fund. Shareholders should understand that any such distributions are not based on the Fund’s investment performance and can only be sustained if the Fund achieves positive investment performance in future periods and/or the Adviser continues to make such expense reimbursements. Shareholders should also understand that the Fund’s future repayments will reduce the distributions that a Shareholder would otherwise receive.