Wellington Global High Yield Bond Fund USD S Ac
ISIN IE0004890525 / Valor 25445680
Wellington Global High Yield Bond Fund USD S Ac
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General Objective
The Fund seeks long-term total returns through income and capital appreciation. It is actively managed against the ICE BofA Merrill Lynch Global High Yield Constrained Index, primarily investing in below investment grade bonds globally, with a focus on credit analysis and macroeconomic factors.
Fund Exposure
The Fund is exposed to a diversified portfolio of bonds (fixed or floating rate) issued by government, agency, supranational, or corporate issuers with credit ratings below Baa3 by Moody's, BBB- by Standard & Poor's, or BBB- by Fitch. The Investment Manager focuses on industry diversification, geographical considerations, and risk management at the security, sector, and total portfolio level.
Risks
The Fund is classified as a 4 on the risk-reward profile scale, indicating moderate risk. Material risks include exposure to below investment grade securities, capital market risks, counterparty risks, credit risks, derivative risks, emerging market risks, and currency exchange risks. Hedging strategies using derivatives may not always be effective in managing risk.
Source
https://www.wellington.com/en-gb/intermediary/capabilities/new-economic-era/global-high-yield-bond-fund
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