The Wellington Global Multi-Strategy Fund is a continuously offered, non-diversified, registered closed-end fund with limited liquidity.
Fund Overview
The Wellington Global Multi-Strategy Fund seeks to deliver consistent, positive returns that are uncorrelated to traditional assets throughout a market cycle. The Fund utilizes a multi-manager format seeking to provide investors with access to Wellington's specialized long/short investment capabilities through a diversified, risk managed and capital efficient structure.
There can be no assurance that the Fund will achieve its investment objective.
In this paper, we briefly cover what multi-strategy approaches do, outline how and why they’ve been successful historically, and share a framework for how to incorporate these strategies in different portfolios.
Fund Team
Roberto Isch
Key Fund Facts
| Fund Details | |
|---|---|
| Base Currency | USD |
| Fund Inception Date | 12/31/2024 |
| Share Class Inception Date | TBD |
| Asset Class | Multi-Asset |
| Domicile | United States |
| Ticker | WGSAX |
| CUSIP | 94952J109 |
| Dividend Frequency1 | Annually |
| Subscriptions | Daily |
| Withdrawals2 | Quarterly |
¹ Dividend payments are not guaranteed.
² Although the Fund will make quarterly offers to repurchase, the number of Shares tendered in connection with a repurchase offer may exceed the number of Shares the Fund has offered to repurchase, in which case not all of your Shares tendered in that offer may be repurchased. Hence, you may not be able to sell your Shares when and/or in the amount that you desire.
| Charges & Expenses | |
|---|---|
| Management Fee | 1.00% |
| Performance Fee3 | 20.00% |
| Gross Expense Ratio | 4.95% |
| Net Expense Ratio4 | 2.45% |
| Sales Load | 5.00% |
| 12b-1 Fees | 0.25% |
³ Performance fee of 20% of net profits, subject to a loss carryforward. The Fund pays to the Adviser a Performance Fee after the end of each fiscal year of the Fund out of the Fund’s assets. The Performance Fee is determined as of the end of the fiscal year in an amount equal to 20% of the amount by which the Fund’s net profits (including unrealized net gains and losses on investments and any net profits attributable to investments in initial public offerings) for all measurement periods during such fiscal year exceed the balance of the loss carryforward account.
⁴ Net annual expense after any fee waiver or expense reimbursement arrangement. The Adviser has contractually agreed to reimburse certain fees/expenses until 31 December 2025.
Literature
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 Fund is intended for financial advisors, institutional investors and others considered to be "qualified clients" within the meaning of Rule205-3 under the Investment Advisers Act of 1940, as amended ("Advisers Act").
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
Investors 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.
Important Disclosure
This material and/or its contents are current at the time of writing and may not be reproduced or distributed in whole or in part, for any purpose, without the express written consent of Wellington Management. Any views expressed herein are those of the author(s), are based on available information, and are subject to change without notice. Individual portfolio management teams may hold different views and may make different investment decisions for different clients. While any third-party data used is considered reliable, its accuracy is not guaranteed. Forward-looking statements should not be considered as guarantees or predictions of future events. Past results are not a reliable indicator of future results.
This material is for informational purposes only and is not intended to constitute investment advice. Investors should consider the investment objectives, risks, charges and expenses carefully before investing in a Wellington fund. 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 Wellington funds may not be appropriate for certain investors depending on their investment objective and risk tolerance. Wellington funds are speculative, involve a high degree of risk, can be highly volatile and an investor can lose all or a substantial amount of their investment. Further, the fund’s substantial fees and expenses may offset its trading profits. There is no secondary market for an investor’s interest in a Wellington fund and none is expected to develop. Wellington’s interval fund is distributed by Foreside Fund Services, LLC. For U.S. residents only. Not FDIC Insured ------ No Bank Guarantee ------ May Lose Value
Wellington Management Company LLP (WMC) is an independently owned investment adviser registered with the US Securities and Exchange Commission (SEC). WMC is also registered with the US Commodity Futures Trading Commission (CFTC) as a commodity trading advisor (CTA) and commodity pool operator (CPO). WMC serves as a CTA to certain clients including commodity pools operated by registered commodity pool operators. WMC provides commodity trading advice to all other clients in reliance on exemptions from CTA registration. WMC serves as a CPO to certain Wellington sponsored pooled vehicles. WMC, along with its affiliates (collectively, Wellington Management), provides investment management and investment advisory services to institutions around the world. Wellington Management Group LLP (WMG), a Massachusetts limited liability partnership, serves as the ultimate parent holding company of the Wellington Management global organization. All of the partners are full-time professional members of Wellington Management. Located in Boston, Massachusetts, Wellington Management also has offices in Chicago, Illinois; New York, New York; Radnor, Pennsylvania; San Francisco, California; DIFC, Dubai; Frankfurt; Hong Kong; London; Luxembourg; Madrid; Milan; Shanghai; Singapore; Sydney; Tokyo; Toronto; and Zurich.
PAST RESULTS DO NOT PREDICT FUTURE RETURNS.
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