Wellington Emerging Local Debt N $

The Fund seeks long-term total returns. The Fund will be actively managed seeking to outperform the JP Morgan Government Bond Index - Emerging Markets Global Diversified Index (net) (the "Index"), investing primarily in a diversified portfolio of emerging market local currency-denominated debt securities and currency instruments. The Fund will generally be diversified by country, currency and issuer, but may hold concentrated positions from time to time. The Index consists of domestic currency government bonds to which international investors can gain exposure. The Index uses a weighting scheme to reduce the weight of large countries and redistributes the excess to the smaller weight countries with a maximum weight of 10% per country. The Fund will invest, either directly or via derivatives, in bonds (fixed or floating rate) issued by government, sovereign, quasi-sovereign agency, supranational or corporate issuers across multiple denominations and countries. The Fund may actively manage its exposure to both emerging and developed markets currencies. Average credit quality may be below investment grade. Derivatives will be used to hedge (manage) risk and/or volatility, for investment purposes (such as gaining exposure to a security) and for managing the Fund more efficiently. Derivatives will form a significant part of the strategy and will impact performance. The Index may be considered during portfolio construction and is used for performance comparison purposes. Fund securities may be components of the Index but are not expected to have similar weightings. The investment manager of the Fund (the "Investment Manager") may limit the extent that issuer weightings, as well as overall interest rate duration, differ from the Index but this should not be expected to limit the Fund's ability to achieve long-term total returns in excess of the Index. The Fund will seek to support certain environmental, social and governance (ESG) characteristics and will abide by the foll

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No