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Wellington credit total return fund

Credit total return

Wellington US Quality Growth Fund

US quality growth fund

Over 95 years in active fixed income investing

Fixed income

Invest in Quality

Invest in Quality

2026 Outlook

Practical portfolio considerations for a new economic age

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Unique Perspectives, Uncompromised excellence

Invest in Quality

Unique Perspectives, Uncompromised excellence

Invest in Quality

Wellington shining W

WHY QUALITY FOR FIXED INCOME

Downside mitigation

Bonds, conventionally, are considered the "safer" part of one's portfolio. Historically, higher quality bonds have offered better downside mitigation in most cases, especially during periods of severe market stress associated with equity drawdowns.

Quality income for resilience

Build portfolio resilience by increasing total return potential driven by income. With expectations of steady interest rates, high-quality bonds are expected to play an important role, as a source of investment returns.

Max drawdown in recent market turmoils
(US Investment Grade Bonds vs US High Yield Bonds)
chart fixed income

Source: Bloomberg. Data as of March 2025. Indices used: Bloomberg US Credit (US investment grade bonds) and Bloomberg US Corporate High Yield Bond (US high yield bonds) in USD. Different periods of drawdowns: Global Financial Crisis from January 2007 to December 2008; Bond Selloff from January 2015 to March 2016; COVID 2020 from January to May 2020; 2022 Turmoil from December 2021 to December 2022. PAST RESULTS AREN'T NECESSARILY INDICATIVE OF FUTURE RESULTS AND AN INVESTMENT CAN LOSE VALUE. Please refer to www.wellington.com/hk/3rd-party-data for disclaimers regarding any third-party data used.

OUR FEATURED FUNDS

Wellington Credit Total Return Fund

Quality, beyond income

Average quality1

A+

(Investment Grade)

Annualised yield2

6.77%
Ex-dividend date: 30/9/2025

(Aims at monthly distribution. Dividend rate is not guaranteed. Distributions may be paid from capital. Refer to important information7)

Our Awards

apb
Best New Fund – Bond3
apb
Fund Launch of the Year (Hong Kong SAR)4

Source: Wellington Management. Past performance is not indicative of future performance.

1. Weighted average credit quality as of 30/09/2025. Credit quality ratings are based on the highest of Moody’s, S&P, and Fitch. Ratings do not apply to the Fund itself. Ratings may change.

2. Based on USD A M6 Distributing Unhedged share class. Dividends may fluctuate and are not guaranteed. A positive distribution yield does not imply a positive return. Annualised Dividend Yield = [(1 + Dividend Per Share / Ex-Dividend Date NAV)¹² - 1] X 100. The annualised dividend yield is calculated based on the latest dividend distribution with dividend reinvested, and may be higher or lower than the actual annual dividend yield. Depending on the distribution type selected, the dividend calculated may be based on net income, gross income, or determined based on the projected gross income. Dividend payments may be made out of the fund's income and/or capital (which may erode capital). Hedged share class dividends may be impacted positively or negatively by the difference in interest rates between the share class currency and the Fund's base currency. For further information including the ex-dividend date used, please refer to the dividend composition document located on our website: www.wellington.com.hk.

3. Issued by Asian Private Banker, 2025 award, reflecting performance from end-August 2023 to early September 2024.

4. Issued by Asia Asset Management, 2025 award, reflecting performance over the past year up to 30/11/2024.

Wellington Credit Income Fund
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Quality, roots for a strong core

Annualised yield1

6.67%
Ex-dividend date: 30/9/2025

(Aims at monthly distribution. Dividend rate is not guaranteed. Distributions may be paid from capital. Refer to important information7)

Diversified allocation2

10+

Fixed income asset classes

Source: Wellington Management, as of end-September 2025.

1. Based on USD A M4 Distributing Unhedged share class. Dividends may fluctuate and are not guaranteed. A positive distribution yield does not imply a positive return. Annualised Dividend Yield = [(1 + Dividend Per Share / Ex-Dividend Date NAV)¹² - 1] X 100. The annualised dividend yield is calculated based on the latest dividend distribution with dividend reinvested, and may be higher or lower than the actual annual dividend yield. Depending on the distribution type selected, the dividend calculated may be based on net income, gross income, or determined based on the projected gross income. Dividend payments may be made out of the fund's income and/or capital (which may erode capital). Hedged share class dividends may be impacted positively or negatively by the difference in interest rates between the share class currency and the Fund's base currency. For further information including the ex-dividend date used, please refer to the dividend composition document located on our website: www.wellington.com.hk.

2. The characteristics presented are sought during the portfolio management process. Actual experience may not reflect all of these characteristics or may be outside of stated ranges.