Wellington Management Funds (Luxembourg) - Global Research Equity Fund

The Global Research Equity Portfolio seeks to achieve high long-term total returns by principally investing either directly or indirectly, in equity and other securities with equity characteristics including, for example, shares and dividend-right certificates as well as in warrants on such securities issued by companies worldwide. The Global Research Equity Portfolio will be actively managed by the global industry analysts in the Research Department of the Investment Manager, under the oversight of a Portfolio Coordinator. The investment approach is based on individual stock selection, with the timing and selection of countries for investment as well as specific investments at the discretion of the individual industry analysts. The Portfolio, over time, will not be oriented towards any particular investment style (e.g., growth, value, small companies); its characteristics will reflect the nature of the underlying stock selections. Turnover is expected to be moderate to high.