Opportunistic Fixed Income Fund

Flexible. Powerful.

Poised for the challenge

*Based on an in-house approach managed for institutional investors since 2000, the Wellington Opportunistic Fixed Income Fund launched on 14 December 2017. **In US dollar terms over the course of a business cycle, typically 3-5 years. This is a US dollar-based portfolio and share classes in other currencies may experience different returns because of hedging and interest-rate differentials. ***We define core bond volatility as being similar to that of the Bloomberg Barclays Global Aggregate Index hedged to USD. During times of market stress, target volatility may be different from the stated aspiration.

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Three drivers of total return

Three drivers of total return

STRATEGIC SECTOR ALLOCATIONS

Longer-term thematic allocations to out-of-favour sectors where we believe we have uncovered both value and a catalyst for positive structural change. Sector allocations combine top-down macro views with sector-specialist skills.

MARKET NEUTRAL

Strategies that seek returns with very low correlations with traditional markets. They can be a key driver of outperformance while offering downside mitigation in periods when returns from broad-market fixed income are low or negative.

TACTICAL

Positions that look to profit from short-term volatility by capturing mispricing across global rates, credit and currency markets. These ideas may present attractive total-return opportunities even if they do not meet our criteria for a longer-term sector allocation.

Consider the risks: The Net Asset Value of the Fund may experience volatility from time to time. The use of derivatives forms an important part of the investment strategy. Please refer to the Fund’s page for further information.

WELLINGTON OPPORTUNISTIC FIXED INCOME FUND

PORTFOLIO MANAGEMENT
INVESTMENT DIRECTORS
Brian Garvey
Brian Garvey

Brian Garvey

Gestore

Garvey, responsabile del team Opportunistic Fixed Income, è specializzato nella ricerca valutaria e macroeconomica, con particolare attenzione a fattori tematici delle tendenze di lungo periodo nelle valutazioni dei mercati obbligazionari globali.

Brij Khurana
Brij Khurana
Brij Khurana
Gestore

Khurana è specializzato nella gestione di portafogli core, creditizi e obbligazionari non vincolati, ed è concentrato in particolare sulle posizioni tattiche all’interno del team Opportunistic Fixed Income. In passato si è occupato anche del trading di prodotti strutturati.

Brian Doherty
Brian Doherty
Brian Doherty
Investment Director

Brian helps ensure the integrity of the investment approaches by overseeing portfolio positioning, performance, and risk exposures as well as conducting analysis to inform the investment process.

Peter Becker
Peter Becker
Peter Becker
Investment Director

As an investment director in Fixed Income Product Management, Peter works closely with fixed income investors to help ensure the integrity of their investment approaches. He also meets with clients, prospects, and consultants to communicate our investment philosophy, strategy, positioning, and performance. Peter is based in our London office.

tanya sanwal
tanya sanwal
Tanya Sanwal
Investment Director
As an investment director in Fixed Income Product Management, Tanya works closely with fixed income investors to help ensure the integrity of their investment approaches. She also meets with clients, prospects, and consultants to communicate our investment philosophy, strategy, positioning, and performance. Tanya is based in our Singapore office.
Paul Skinner

We aim to use our global scale, sector expertise, and market reach to help partner with innovative, disruptive companies in the private market. Today, we invest globally and focus on consumer, technology, health care, biotechnology and financial services.

Today’s fixed income markets are a challenging place for investors, with return expectations low and uncertainty high. The classic fixed income performance profile of returns with some downside protection has become elusive. Against this backdrop, we believe fixed income investors need to stay nimble, flexible and diversified – alert to opportunities across global bond markets.

2021 Investment Outlook
As we head into the new year, thought leaders from across our investment platform share their views on pressing questions.
November 2020
2021 Investment Outlook
,
Clearing the air: assessing climate transition risks in credit portfolios
As the world transitions to a low-carbon economy, investors need to prepare to manage attendant risks and opportunities in client portfolios. Members of our Fixed Income and Climate Research Teams share their approach to quantifying material climate transition risks and mitigating portfolio-level exposure.
November 2020
Clearing the air: assessing climate transition risks in credit portfolios
,
The future of alternative investments
Director of Alternatives Danny Sharp explores the future of alts — discussing dispersion in today's markets, the opportunities it presents and the impact of the COVID-19 pandemic on the alternative investments landscape.
November 2020
The future of alternative investments
,
European investment-grade credit: an attractive opportunity?
After the COVID-related market volatility, Portfolio Manager Derek Hynes and Investment Director Susan Chacko find that European credit currently offers good valuations, relatively strong yields and positive structural trends.
October 2020
European investment-grade credit: an attractive opportunity?
,
Credit market recovery? Take a closer look through an alternative lens
Credit market dispersion remains elevated, and market dysfunction related to liquidity and other factors hasn't gone away. Investment Director Chris Perret explains why and what it means for alternative credit strategies.
October 2020
Credit market recovery? Take a closer look through an alternative lens
,
Credit dispersion continues: Q&A
Portfolio Manager Ryan Valente offers his insights on today's dispersion-driven credit opportunities, changes since the COVID-19 pandemic, and the value of managing alternatives credit at Wellington.
September 2020
Credit dispersion continues: Q&A
,
Opportunistic investing: 20 years, 8 lessons
Multi-Asset Portfolio Manager Brian Garvey humbly reflects on 20 years of opportunistic and thematic investing.
September 2020
Opportunistic investing: 20 years, 8 lessons
,
Credit research looms large in the era of COVID-19
In the wake of severe credit-market dislocations earlier this year, Fixed Income Portfolio Manager Mahmoud El-Shaer shares his thoughts on the growing importance of credit research in a still-uncertain environment.
August 2020
Credit research looms large in the era of COVID-19
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Past performance is no guarantee of future performance and can be misleading. Funds returns are shown net of fees. Source: Wellington Management

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