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 FI

Fixed income funds

Wellington Management is a market leader in fixed income with more than USD 400 billion in client assets under management. We offer a broad range of fixed income funds.

Fixed income assets managed firmwide

USD 391 B

Fixed income investment professionals

240

Average years` experience

17

fixed income overview

Our fixed income capabilities span all publicly traded global bond market sectors. We combine both top-down and bottom-up inputs to identify and exploit fixed income market inefficiencies around the world. Macroeconomic analysts and market strategists identify top-down structural and cyclical risks and opportunities, while our bottom-up, fundamental research approach draws on insights from both fixed income and equity analysts. This balanced perspective, combined with access to the management teams from the companies in which we invest, can help us anticipate changes in issuers’ capital structures before these changes are priced into their securities.

Fixed income investments can help meet a variety of objectives, including generating income, mitigating downside risk, diversifying a portfolio and enhancing returns. We offer funds that pursue each of these objectives.

Specialised expertise across sectors and regions

Wellington Management’s fixed income investment professionals — comprising specialist portfolio managers, market strategists, sector experts and more than 40 credit and quantitative analysts — are based in the UK, the US and Hong Kong. Each portfolio management team is independent and empowered to make investment decisions for the fund it is responsible for. Our fixed income managers draw on Wellington Management’s global resources, which gives them access to diversified sources of return and may help to generate more consistent performance in different market environments.

Depth, experience and continuity

Our private partnership structure helps us to attract and retain world-class investment talent and allows us to align their performance incentives with the achievement of our fund investors’ objectives. This has contributed to the depth, experience and continuity of our fixed income investment professionals. Our dedicated fixed income professionals include:

  • Portfolio managers 62
  • Credit analysts 40
  • Quantitative analysts 8
  • Strategists 13
  • Traders 37

Our investment professionals have exceptional access to company management teams, taking part in more than 10,000 meetings with issuers each year. Our credit analysts collaborate with our in-house equity analysts and with our dedicated environmental, social and corporate governance (ESG) research team, which provides proprietary sector, country and individual issuer assessments. We believe this integration of equity, credit and ESG research generates robust analysis with differentiated insights for our portfolio managers. Our balanced, multidisciplinary perspective can help us anticipate changes in issuers’ capital structures before these changes are priced into their securities.

Sophisticated tools for risk management and portfolio construction

We use advanced risk-management systems to help portfolio managers take only intended investment risks that have the potential to provide attractive returns for investors. These proprietary systems allow us to monitor concentrations of risk within investment styles and across the firm, while testing how investment positions might behave in challenging markets. We continue to refine these tools, ensuring their relevance amid ever-changing market conditions and continued innovation in new security types.

Emerging markets debt managers can get lost in the trees — it can be hard to see the forest. Our advantage at Wellington Management is being an emerging markets boutique in the midst of all these global resources. If our team was extracted from the firm, we wouldn’t do nearly as well.

Jim Valone, Fixed Income Fund Manager

Insights

All figures are for the Wellington Management Group of companies as of 30 June 2017.

Past performance is no guarantee of future performance and can be misleading. Funds returns are shown net of fees. Periods greater than one year are annualised. Source: Wellington Management

© 2017 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. The Overall Morningstar Rating for a fund is derived from a weighted average of the three, five, and ten year (if applicable) ratings, based on risk-adjusted return. Past performance is no guarantee of future results.

Investment in the funds described on this website carries a substantial degree of risk and places an investor’s capital at risk. The price and value of investments is not guaranteed and can go down as well as up. An investor may not get back the original amount invested and an investor may lose all of their investment. Investment in the funds described on this website is not suitable for all investors. If an investor is in any doubt as to the suitability of an investment in a fund, an investor should consult an independent financial advisor. The information on this website does not constitute, and should not be construed as, investment advice or a recommendation to buy, sell or otherwise transact in any security including, but not limited to, shares in the funds. An investor should only invest in a fund once that investor has carefully read and understood the prospectus and KIID for the fund which contain further information on the risks and features of the fund. Unless stated otherwise data is as at previous month end.