Navigating a new world

IMPORTANT INFORMATION

This material has been prepared exclusively for use with professional, accredited or institutional investors, wholesale clients and non-retail investors for general information purposes only and does not take into account the investment objectives, financial situation or needs of any particular person. By accepting this material, you acknowledge and agree that this material is provided for your use only and that you will not distribute or otherwise make this material available to any person.

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 marketing purposes only. It is not an offer to anyone, or a solicitation by anyone, to subscribe for units or shares of any Wellington Management Fund (“Fund”). Nothing in this document should be interpreted as advice, nor is it a recommendation to buy or sell securities. Investment in the Fund may not be suitable for all investors. Any views expressed in this document are those of the author at the time of writing and are subject to change without notice. Fund shares/ units are made available only in jurisdictions where such offer or solicitation is lawful. The Fund only accepts professional clients or investment through financial intermediaries. Please refer to the Fund offering documents for further risk factors, pre-investment disclosures, the latest annual report (and semi-annual report) before investing. Wellington Management Funds (Luxembourg) and Wellington Management Funds (Luxembourg) III SICAV are authorised and regulated by the Commission de Surveillance du Secteur Financier and Wellington Management Funds (Ireland) plc is authorized and regulated by the Central Bank of Ireland.

This material is provided by: In Hong Kong, Wellington Management Hong Kong Limited (WM Hong Kong), a corporation licensed by the Hong Kong Securities and Futures Commission to conduct Type 1 (dealing in securities), Type 2 (dealing in futures contracts), Type 4 (advising on securities), and Type 9 (asset management) regulated activities. Wellington Private Fund Management (Shanghai) Limited (WPFM), which is an unregulated entity incorporated in China, is a wholly-owned subsidiary of WM Hong Kong. Wellington Global Private Fund Management (Shanghai) Limited (WGPFM) is a wholly-owned entity and subsidiary of WPFM and is registered as a private fund manager with Asset Management Association of China to conduct qualified domestic limited partnership and management activities. In mainland China, this material is provided for your use by WPFM, WGPFM, or WMHK (as the case may be). In Singapore, Wellington Management Singapore Pte Ltd (WM Singapore) (Registration Number 201415544E), regulated by the Monetary Authority of Singapore. WM Singapore is regulated by the Monetary Authority of Singapore under a Capital Markets Services Licence to conduct fund management activities and deal in capital markets products, and is an exempt financial adviser. In Australia, Wellington Management Australia Pty Ltd (WM Australia) (ABN19 167 091 090) has authorized the issue of this material for use solely by wholesale clients (as defined in the Corporations Act 2001). In Japan, Wellington Management Japan Pte Ltd (WM Japan) (Registration Number 199504987R) is registered as a Financial Instruments Firm with registered number: Director General of Kanto Local Finance Bureau (Kin-Sho) Number 428 a member of the Japan Investment Advisers Association, the Investment Trusts Association, Japan (ITA) and the Type II Financial Instruments Firms Association (T2FIFA). WM Hong Kong and WM Japan are also registered as investment advisers with the SEC; however, they will comply with the substantive provisions of the US Investment Advisers Act only with respect to their US clients.

©2024 Wellington Management. All rights reserved. As of 01 January 2024. WELLINGTON MANAGEMENT FUNDS ® is a registered service mark of Wellington Group Holdings LLP 

重要資訊

本刊僅為供專業、認可或機構投資者、批發客戶及非零售投資者使用而編製，僅作一般參考用途，並未考慮任何特定人士的投資目標、財務狀況或需要。閣下接受本刊，即表示閣下知悉並同意本刊僅供閣下使用，且閣下不會分發或以其他方式向任何人士提供本刊。

未經威靈頓投資管理明確書面同意，不得複製或分發本刊全部或任何部分內容。本文件僅擬作市場推廣之用，並非向任何人士要約或由任何人士招攬認購威靈頓投資管理基金（「基金」）單位或股份。本文件所載資料不應被視為建議，亦非買賣證券之推介。投資於基金不一定適合所有投資者。本文件所載見解乃作者於撰寫時的觀點，可予更改而不作另行通知。基金股份/ 單位僅於該等要約或招攬屬合法的司法管轄區提供。基金僅接受專業客戶或透過金融中介人投資。投資前請參閱基金銷售文件，以了解風險因素詳情、投資前披露以及最新年報（及半年報）。Wellington Management Funds (Luxembourg)及威靈頓投資管理（盧森堡）SICAV基金III系列獲盧森堡金融業監管委員會認可並受其監管。Wellington Management Funds (Ireland) plc獲愛爾蘭央行認可並受其監管。

本刊由以下機構提供：在香港為威靈頓管理香港有限公司（WM Hong Kong）。該公司獲香港證券及期貨事務監察委員會發牌，可從事第1類（證券交易）、第2類（期貨合約交易）、第4類（就證券提供意見）及第9類（資產管理）受規管活動。威靈頓私募基金管理（上海）有限公司（WPFM）乃於中國註冊的不受監管實體，屬WM Hong Kong全資擁有的子公司。威靈頓寰宇私募基金管理（上海）有限公司（WGPFM）為WPFM全資擁有的實體及子公司，並於中國證券投資基金業協會註冊為私募基金管理人，從事合格境内有限合夥及管理活動。在中國內地，本刊由WPFM、WGPFM或WMHK（視情況而定）提供予閣下使用。在新加坡為Wellington Management Singapore Pte Ltd（WM Singapore）（註冊編號：201415544E），受新加坡金融管理局監管。WM Singapore受新加坡金融管理局監管，按資本市場服務牌照可從事基金管理活動及進行資本市場產品交易，並為獲豁免財務顧問。在澳洲，Wellington Management Australia Pty Ltd（WM Australia）（ABN19 167 091 090）授權刊發本刊，僅供《2001年公司法》所界定的批發客戶使用。在日本為Wellington Management Japan Pte Ltd（WM Japan）（註冊編號：199504987R），該公司註冊為金融工具公司，註冊編號為「關東財務局長（Kin-Sho）第428號」，並為日本投資顧問業協會、日本投資信託協會及第二種金融商品交易業協會成員。WM Hong Kong及WM Japan亦為美國證券交易委員會的註冊投資顧問，惟僅就其美國客戶遵守美國《投資顧問法》的實質規定。

©2024年威靈頓投資管理。版權所有。截至2024年1月1日。WELLINGTON MANAGEMENT FUNDS ®為Wellington Group Holdings LLP的註冊服務標誌。

重要信息

本资料仅为供专业、认可或机构投资者、批发客户及非零售投资者使用而编制，仅作一般参考用途，并未考虑任何特定人士的投资目标、财务状况或需要。阁下接受本资料，即表示阁下知悉并同意本资料仅供阁下使用，且阁下不会分发或以其他方式向任何人士提供本资料。

未经威灵顿投资管理明确书面同意，不得复制或分发本刊全部或任何部分内容。本文件仅拟作市场推广之用，并非向任何人士要约或由任何人士招揽认购威灵顿管理基金(“基金”)单位或股份。本文件所载内容不应被视为建议，亦非买卖证券之推介。投资于基金不一定适合所有投资者。本文件所载见解均属作者于撰写时的观点，可予更改而不作另行通知。基金股份/单位仅于该等要约或招揽属合法的司法管辖区提供。基金仅接受专业客户或透过金融中介人投资。投资前请参阅基金销售文件，以了解风险因素详情、投资前披露、最新年报(及半年报)。威灵顿管理基金(卢森堡)和威灵顿管理基金(卢森堡)SICAV基金III系列获卢森堡金融业监管委员会授权经营并受其监管。威灵顿管理基金(爱尔兰)私人有限公司获爱尔兰央行授权经营并受其监管。

本资料由以下机构提供：在香港为威灵顿管理香港有限公司(WM Hong Kong)。该公司获香港证券及期货事务监察委员会发牌，可从事第1类（证券交易）、第2类（期货合约交易）、第4类（就证券提供意见）及第9类（资产管理）受规管活动。威灵顿私募基金管理（上海）有限公司(WPFM)是在中国注册的不受监管实体，属于WM Hong Kong全资拥有的子公司。威灵顿寰宇私募基金管理（上海）有限公司(WGPFM)是WPFM全资拥有的实体及子公司，并在中国证券投资基金业协会注册为私募基金管理人，从事合格境内有限合伙及管理活动。在中国内地，本资料由WPFM、WGPFM或WMHK（视情况而定）提供予阁下使用。在新加坡为威灵顿管理新加坡私人有限公司(Wellington Management Singapore Pte Ltd，WM Singapore)(注册编号：201415544E)，受新加坡金融管理局监管。WM Singapore受新加坡金融管理局监管，按资本市场服务牌照可从事基金管理活动及进行资本市场产品交易，并为获豁免财务顾问。在澳洲，威灵顿管理澳洲私人有限公司(Wellington Management Australia Pty Ltd，WM Australia)(ABN 19 167 091 090)授权刊发本资料，仅供《2001年公司法》所界定的批发客户使用。在日本为威灵顿管理日本私人有限公司(Wellington Management Japan Pte Ltd，WM Japan)(注册编号：199504987R)，该公司注册为金融工具公司，注册编号为关东财务局长(Kin-Sho)第428号，并为日本投资顾问业协会、日本投资信托协会及第二种金融商品交易业协会成员。WM Hong Kong及WM Japan亦是美国证券交易委员会的注册投资顾问，但仅就其美国客户遵守美国《投资顾问法》的实质规定。

©2024年威灵顿版权所有。截至2024年1月1日。WELLINGTON MANAGEMENT FUNDS ®是威灵顿集团控股有限责任合伙企业的注册服务商标。