Morningstar Fund Report  | 13/04/2025Print

Wellington Euro High Yield Bond Fund EUR E Ac

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Wellington Euro High Yield Bond Fund EUR E Ac
Fund--11.64.21.4
+/-Cat--3.91.9-0.1
+/-B’mrk--1.80.8-0.4
 
Category: EUR High Yield Bond
Category Benchmark: Morningstar EZN HY Bd GR EUR
Key Stats
NAV
11/04/2025		 EUR 12.21
Day Change 0.51%
Morningstar Category™ EUR High Yield Bond
ISIN IE000EESGXZ0
Fund Size (Mil)
11/04/2025		 EUR 587.84
Share Class Size (Mil)
11/04/2025		 EUR 343.95
Max Initial Charge -
Ongoing Charge
21/03/2025		  0.35%
Investment Objective: Wellington Euro High Yield Bond Fund EUR E Ac
The investment objective of the Fund is to seek long-term total returns. The Investment Manager will actively manage the Fund, seeking to outperform the ICE Bank of America Merrill Lynch Euro High Yield Constrained Index (the "Index”) and achieve the objective, primarily through investment in debt securities denominated in European currencies issued worldwide. The Fund's investment approach is based on a combination of the analysis of the credit profile of individual high yield issuers and country-level macro-economic research. Total returns will be sought through income and capital appreciation.
Returns
Trailing Returns (GBP)11/04/2025
YTD4.01
3 Years Annualised-
5 Years Annualised-
10 Years Annualised-
12 Month Yield 0.00
Management
Manager Name
Start Date
Konstantin Leidman
15/05/2019
Inception Date
18/05/2022

Category Benchmark
Fund BenchmarkMorningstar Benchmark
ICE BofA EUR HY Constnd TR EURMorningstar EZN HY Bd GR EUR
Portfolio Profile for  Wellington Euro High Yield Bond Fund EUR E Ac28/02/2025
Fixed Income
Effective Maturity4.36
Effective Duration2.72
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock0.000.000.00
Bond120.2011.03109.17
Property0.000.000.00
Cash24.9837.75-12.77
Other3.600.003.60
Growth Of 1000 (GBP) 31/03/2025
Fund:  Wellington Euro High Yield Bond Fund EUR E Ac
Category:  EUR High Yield Bond
Category Index:  Morningstar EZN HY Bd GR EUR
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 2023202431/03
Price Return11.604.171.44
+/- Category3.861.89-0.12
+/- Category Index1.790.80-0.44
% Rank in Category31362
Trailing Returns (GBP)11/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.51   0.010.16
1 Week2.21   0.780.67
1 Month1.56   0.650.61
3 Months3.00   0.250.00
6 Months4.60   0.400.08
YTD4.01   0.23-0.01
1 Year8.32   1.940.93
3 Years Annualised-   --
5 Years Annualised-   --
10 Years Annualised-   --
 
Category: EUR High Yield Bond
Category Index: Morningstar EZN HY Bd GR EUR
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20251.44---
20240.260.432.231.20
20231.67-0.613.366.84
2022--1.827.15
 
 
 
Morningstar Rating™(Relative to Category)-
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-Year--Not Rated
5-Year--Not Rated
10-Year--Not Rated
Overall--Not Rated
 
Category :  EUR High Yield BondClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev -
3-Yr Mean Return -
 
3-Yr Sharpe Ratio -
 
Modern Portfolio Statistics31/03/2025-
 Standard IndexBest Fit Index
 Morningstar EZN HY Bd GR EUR  
3-Yr Beta--
3-Yr Alpha--
 
Fixed Income Style31/12/2024
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)EUR 701
Maturity Distribution %
1 to 313.70
3 to 528.89
5 to 718.94
7 to 105.36
10 to 152.45
15 to 200.63
20 to 300.90
Over 301.08
Effective Maturity4.36
Effective Duration2.72
Credit Quality Breakdown %     %
AAA3.59   BB42.97
AA-0.21   B31.39
A-2.64   Below B6.43
BBB9.69   Not Rated8.79
 
Category: EUR High Yield Bond
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock0.000.000.00
Bond120.2011.03109.17
Property0.000.000.00
Cash24.9837.75-12.77
Other3.600.003.60
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings0
Total Number of Bond Holdings187
Assets in Top 10 Holdings40.91
NameSectorCountry% of Assets
Euro Schatz Future Mar 25Germany21.57
Euro Bobl Future Mar 25Germany8.49
France (Republic Of) 0%France1.50
France (Republic Of) 0%France1.50
France (Republic Of) 0%France1.50
SS CMF EUR STIFUnited States1.41
CPUK Finance Limited 7.875%United Kingdom1.33
ELO SA 3.25%France1.25
Boels Topholding Bv 5.75%Netherlands1.18
Allwyn Entertainment Financing (UK) P... Czech Republic1.18
 
Increase Decrease New since last portfolio
Category: EUR High Yield Bond
 
Management
Name of CompanyWellington Luxembourg S.à r.l.
Phone-
Websitehttp://www.wellingtonfunds.com
Address33, Avenue de la Liberté
 Luxembourg   L-1931
 Luxembourg
DomicileIreland
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date18/05/2022
Fund Advisor(s)
Wellington Management International Ltd
Fund ManagerKonstantin Leidman
Manager Start Date15/05/2019
Career Start Year2012
Education
London Business School, M.B.A.
 
Biography
As a high-yield portfolio manager on the Investment Boutiques Team, Konstantin is responsible for developing and managing the European High Yield strategy, working within EMEA Fixed Income and Global High Yield. Before joining Wellington Management in 2019, Konstantin worked at Schroders Investment Management (2012 – 2019) as a senior fund manager managing European high-yield funds. Previously, he ran similar strategies at UBS Global Asset Management in London (2006 – 2012). He is located in our London office. Konstantin holds an MBA from London Business School (2011), an MA in money banking and finance from Middlesex University Business School (2000), and a BA from the Russian Academy of Economics in Moscow (1999). Additionally, he holds the Chartered Financial Analyst designation.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.25%
Ongoing Charge0.35%
Purchase Details
Minimum Investments
Initial5000000  EUR
Additional1000  EUR
Savings-
Tax Free Savings Schemes
ISAsNo