As filed with the Securities and Exchange Commission on July 7, 2025

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM N-CSR

 

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

 

Investment Company Act file number: 811-23973

 

WELLINGTON GLOBAL MULTI-STRATEGY FUND

(Exact name of registrant as specified in charter)

 

280 Congress Street Boston, MA 02210

(Address of principal executive offices) (Zip code)

 

Gregory S. Konzal, Wellington Management Company LLP, 280 Congress Street Boston, MA 02210

(Name and address of agent for service)

 

Registrant’s telephone number, including area code: 1-617-951-5000

 

Date of fiscal year end: October 31

 

Date of reporting period: April 30, 2025

 

 

 

 

Item 1.Reports to Stockholders.

 

(a)

 

Wellington Global Multi-Strategy Fund
UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
April 30, 2025

Wellington Global Multi-Strategy Fund
Table of Contents
April 30, 2025
1
 
114
116
117
118
119
120

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited)
April 30, 2025
 
Face Amount
 
 
 
 
Cost
Value
 
Bank Loans * (3.62%)
 
United States (3.62%)
 
Communications
USD
    416,656
CSC Holdings LLC 2019 Term Loan B5
1.50%
04/15/2027
    $394,782
    $400,744
 
Consumer Cyclical
 
    270,000
QXO, Inc. Term Loan B
7.32%
04/29/2032
    267,300
    269,663
 
Technology
 
  1,164,009
Twitter, Inc. 2025 Fixed Term Loan
9.50%
10/26/2029
  1,172,146
  1,134,664
 
Total United States
 
 
 
1,834,228
1,805,071
 
Total Bank Loans
1,834,228
1,805,071
 
Convertible Bonds (0.68%)
 
Canada (0.02%)
 
Energy
CAD
     14,000
Advantage Energy Ltd. 144A
5.00%
06/30/2029
      9,938
     10,530
 
United States (0.66%)
 
Financial
USD
    200,000
Welltower OP LLC 144A
2.75%
05/15/2028
    323,691
    325,700
 
Total Convertible Bonds
333,629
336,230
 
Corporate Obligations (82.44%)
 
Brazil (0.46%)
 
Basic Materials
 
    260,000
Braskem Netherlands Finance BV 144A
8.00%
10/15/2034
    251,143
    231,985
 
Germany (A) (11.43%)
 
Financial
 
  2,990,000
Kreditanstalt fuer Wiederaufbau ±
3.75%
07/15/2030
  2,975,832
  2,985,591
AUD
  1,355,000
Kreditanstalt fuer Wiederaufbau
4.45%
01/16/2030
    887,707
    888,367
EUR
  1,600,000
Kreditanstalt fuer Wiederaufbau REG S
2.75%
01/17/2035
  1,817,215
  1,817,827
 
Total Germany
 
 
 
5,680,754
5,691,785
 
Malaysia (0.34%)
 
Energy
USD
    200,000
Petronas Capital Ltd. REG S
4.55%
04/21/2050
    168,553
    167,800
 
Qatar (0.34%)
 
Energy
 
    250,000
QatarEnergy REG S
3.30%
07/12/2051
    165,060
    167,500
 
Supranational (A) (38.66%)
 
Financial
AUD
    559,000
Asian Infrastructure Investment Bank REG S
4.60%
01/21/2030
    367,907
    367,482
USD
  3,463,000
Corp Andina de Fomento
5.00%
01/22/2030
  3,568,086
  3,568,087
EUR
  2,269,000
European Investment Bank Series EARN REG S
3.00%
11/15/2028
  2,652,114
  2,651,554
 
    600,000
European Investment Bank Series EARN REG S
3.00%
02/15/2039
    666,681
    668,448
USD
  6,980,000
International Bank for Reconstruction & Development ±
4.00%
05/06/2032
  6,950,673
  6,960,851
 
  1,307,000
International Bank for Reconstruction & Development
4.13%
03/20/2030
  1,317,638
  1,326,954
 
  2,613,000
International Bank for Reconstruction & Development
4.13%
03/20/2030
  2,634,268
  2,652,894
The accompanying notes are an integral part of the consolidated financial statements.
1

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
 
Face Amount
 
 
 
 
Cost
Value
 
Corporate Obligations (continued)
 
Supranational (A) (continued)
 
Financial (continued)
USD
  1,020,000
International Bank for Reconstruction & Development
4.63%
01/15/2032
  $1,054,211
  $1,054,211
 
Total Supranational
 
 
 
19,211,578
19,250,481
 
United Arab Emirates ± (0.40%)
 
Financial
 
    200,000
Abu Dhabi Developmental Holding Co. PJSC 144A
5.00%
05/06/2035
    198,002
    198,500
 
United Kingdom (0.85%)
 
Energy
 
    445,000
Harbour Energy PLC 144A
6.33%
04/01/2035
    445,000
    422,900
 
United States (29.96%)
 
Basic Materials
 
    100,000
Dow Chemical Co.
3.60%
11/15/2050
     68,263
     65,381
 
Communications
 
    845,000
Dish Network Corp. 144A
11.75%
11/15/2027
    890,994
    888,052
 
    185,000
Level 3 Financing, Inc. 144A
4.88%
06/15/2029
    155,865
    161,412
 
Consumer Cyclical
 
    500,000
BCPE Ulysses Intermediate, Inc. 144A PIK
7.75%
04/01/2027
    485,590
    485,079
 
    505,000
Beacon Roofing Supply, Inc. 144A
6.75%
04/30/2032
    505,000
    506,306
 
    140,000
Caesars Entertainment, Inc. 144A
6.00%
10/15/2032
    126,087
    131,984
 
    260,000
Las Vegas Sands Corp. ±
6.00%
06/14/2030
    259,711
    261,463
 
    325,000
Las Vegas Sands Corp.
6.20%
08/15/2034
    303,616
    318,462
 
    250,000
NIKE, Inc.
3.38%
03/27/2050
    175,699
    173,515
 
     20,000
Penn National Gaming, Inc. 144A
4.13%
07/01/2029
     17,128
     17,542
 
    150,000
Warnermedia Holdings, Inc.
4.28%
03/15/2032
    128,586
    128,442
EUR
    150,000
Warnermedia Holdings, Inc.
4.69%
05/17/2033
    164,076
    163,957
USD
  1,030,000
Warnermedia Holdings, Inc.
5.14%
03/15/2052
    702,749
    704,172
 
    125,000
Warnermedia Holdings, Inc.
5.39%
03/15/2062
     84,878
     85,032
 
Consumer Non-cyclical
 
    234,440
Chobani Holdco II LLC 144A PIK
8.75%
10/01/2029
    249,582
    248,430
EUR
    100,000
Eli Lilly & Co.
1.38%
09/14/2061
     57,519
     57,532
USD
    590,000
Fiesta Purchaser, Inc. 144A
9.63%
09/15/2032
    620,009
    616,923
 
    490,000
GEO Group, Inc.
8.63%
04/15/2029
    517,430
    515,111
 
    525,000
GEO Group, Inc.
10.25%
04/15/2031
    569,165
    573,638
 
    185,000
Global Payments, Inc.
5.95%
08/15/2052
    169,934
    169,321
EUR
    100,000
Johnson & Johnson
3.70%
02/26/2055
    108,220
    107,216
USD
  1,735,000
Philip Morris International, Inc.
4.88%
04/30/2035
  1,700,203
  1,701,303
 
    400,000
Viatris, Inc.
4.00%
06/22/2050
    245,792
    251,735
 
Energy
 
    100,000
Aethon United BR LP/Aethon United Finance Corp. 144A
7.50%
10/01/2029
    102,785
    100,404
 
    150,000
APA Corp. 144A
6.75%
02/15/2055
    132,549
    131,276
 
     55,000
ConocoPhillips Co.
4.03%
03/15/2062
     39,706
     38,354
 
     75,000
Coterra Energy, Inc.
5.90%
02/15/2055
     68,840
     68,194
 
     75,000
Devon Energy Corp.
5.75%
09/15/2054
     64,103
     63,914
 
    550,000
Diamondback Energy, Inc.
5.75%
04/18/2054
    511,934
    491,454
 
    360,000
Diamondback Energy, Inc.
5.90%
04/18/2064
    333,682
    319,215
 
     40,000
DT Midstream, Inc. 144A
4.38%
06/15/2031
     37,111
     36,842
 
     74,000
EQT Corp.
5.75%
02/01/2034
     75,396
     73,981
The accompanying notes are an integral part of the consolidated financial statements.
2

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
 
Face Amount
 
 
 
 
Cost
Value
 
Corporate Obligations (continued)
 
United States (continued)
 
Energy (continued)
USD
     17,000
Kimmeridge Texas Gas LLC 144A
8.50%
02/15/2030
     $17,121
     $16,322
 
    125,000
MPLX LP
5.95%
04/01/2055
    122,919
    115,030
 
     75,000
Ovintiv, Inc.
7.10%
07/15/2053
     74,327
     72,964
 
    275,000
Phillips 66 Co.
5.50%
03/15/2055
    252,258
    240,297
 
    395,000
Summit Midstream Holdings LLC 144A
8.63%
10/31/2029
    408,320
    389,129
 
    395,000
Sunoco LP 144A
6.25%
07/01/2033
    395,000
    394,468
 
    280,000
Talos Production, Inc. 144A
9.00%
02/01/2029
    291,553
    268,419
 
    285,000
Talos Production, Inc. 144A
9.38%
02/01/2031
    297,032
    267,964
 
     74,000
Williams Cos., Inc.
5.15%
03/15/2034
     73,103
     72,564
 
Financial
 
    420,000
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer 144A
7.38%
10/01/2032
    425,241
    424,436
 
    108,000
Citigroup, Inc. *
5.61%
03/04/2056
    108,000
    103,202
 
    270,000
Freedom Mortgage Holdings LLC 144A
8.38%
04/01/2032
    270,960
    264,068
 
    545,000
Freedom Mortgage Holdings LLC 144A
9.25%
02/01/2029
    564,330
    555,186
 
    250,000
Goldman Sachs Group, Inc. *
5.73%
01/28/2056
    252,700
    243,481
 
    325,000
Morgan Stanley *
5.52%
11/19/2055
    317,055
    310,368
 
    445,000
Planet Financial Group LLC 144A
10.50%
12/15/2029
    457,352
    438,859
EUR
    100,000
Visa, Inc. ±
3.88%
05/15/2044
    112,312
    111,124
 
Industrial
USD
    195,000
Clydesdale Acquisition Holdings, Inc. 144A
8.75%
04/15/2030
    193,136
    200,913
 
Technology
 
    690,000
Cloud Software Group, Inc. 144A
9.00%
09/30/2029
    692,715
    695,127
 
    100,000
Fiserv, Inc.
4.40%
07/01/2049
     80,006
     78,530
 
Total United States
 
 
 
15,077,642
14,918,093
 
Total Corporate Obligations
41,197,732
41,049,044
 
Foreign Government Obligations (446.11%)
 
Austria (A) (0.46%)
EUR
    210,000
Republic of Austria Government Bonds REG S
3.15%
10/20/2053
    226,378
    227,434
 
Belgium (A) (2.11%)
 
    920,000
Kingdom of Belgium Government Bonds Series 103 REG S
3.10%
06/22/2035
  1,046,908
  1,052,115
 
Canada (A) (26.13%)
 
  1,848,000
CDP Financial, Inc. REG S
2.75%
02/13/2032
  2,108,425
  2,097,246
 
    995,000
CPPIB Capital, Inc. REG S
2.88%
01/30/2032
  1,134,567
  1,138,679
AUD
  1,664,000
CPPIB Capital, Inc. REG S
4.40%
01/15/2029
  1,086,387
  1,085,563
 
  3,404,000
CPPIB Capital, Inc. REG S
4.60%
01/16/2030
  2,238,379
  2,239,489
EUR
  1,135,000
Ontario Teachers' Finance Trust REG S
0.10%
05/19/2028
  1,208,081
  1,208,883
AUD
    686,000
Province of Alberta
5.20%
05/15/2034
    450,751
    452,304
 
    960,000
Province of British Columbia
5.25%
05/23/2034
    632,787
    635,521
 
    500,000
Province of British Columbia REG S
4.95%
07/16/2032
    328,652
    329,119
 
    612,000
Province of Manitoba
4.85%
08/28/2034
    391,266
    391,525
 
  1,923,000
PSP Capital, Inc.
4.50%
09/05/2031
  1,244,522
  1,245,928
EUR
    880,000
PSP Capital, Inc. 144A
3.25%
07/02/2034
  1,009,603
  1,014,624
AUD
  1,787,000
PSP Capital, Inc. REG S
4.60%
02/06/2029
  1,174,825
  1,173,741
 
Total Canada
 
 
 
13,008,245
13,012,622
The accompanying notes are an integral part of the consolidated financial statements.
3

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
 
Face Amount
 
 
 
 
Cost
Value
 
Foreign Government Obligations (continued)
 
Dominican Republic (0.30%)
USD
    150,000
Dominican Republic International Bonds REG S
6.95%
03/15/2037
    $149,993
    $149,025
 
France (A) (23.05%)
EUR
  8,828,500
French Republic Government Bonds OAT REG S
2.75%
02/25/2029
10,206,640
10,228,832
 
  1,245,000
French Republic Government Bonds OAT REG S
3.00%
06/25/2049
  1,233,011
  1,249,071
 
Total France
 
 
 
11,439,651
11,477,903
 
Germany (A) (2.83%)
 
     64,800
Bundesrepublik Deutschland Bundesanleihe REG S
2.50%
02/15/2035
     73,693
     74,056
 
  1,774,000
State of North Rhine-Westphalia REG S
1.45%
01/19/2122
    917,815
    941,561
 
    517,000
State of North Rhine-Westphalia REG S
1.75%
10/26/2057
    386,926
    392,799
 
Total Germany
 
 
 
1,378,434
1,408,416
 
Greece (A) (31.78%)
 
  2,113,000
Hellenic Republic Government Bonds REG S
1.50%
06/18/2030
  2,286,991
  2,288,667
 
  4,529,000
Hellenic Republic Government Bonds REG S
3.38%
06/15/2034
  5,220,379
  5,222,310
 
    808,000
Hellenic Republic Government Bonds REG S
3.63%
06/15/2035
    941,570
    944,049
 
  4,397,000
Hellenic Republic Government Bonds REG S
4.13%
06/15/2054
  5,006,804
  5,014,385
 
  1,925,000
Hellenic Republic Government Bonds REG S
4.38%
07/18/2038
  2,345,628
  2,353,023
 
Total Greece
 
 
 
15,801,372
15,822,434
 
Hungary (0.26%)
 
    225,000
Hungary Government International Bonds Series 30YR REG S
1.50%
11/17/2050
    127,470
    132,041
 
Italy (A) (86.80%)
 
  5,268,000
Italy Buoni Poliennali Del Tesoro Series 11YR REG S
0.90%
04/01/2031
  5,368,639
  5,374,816
 
11,025,000
Italy Buoni Poliennali Del Tesoro Series 15YR REG S
3.85%
10/01/2040
12,265,836
12,318,618
 
    903,000
Italy Buoni Poliennali Del Tesoro Series 20YR REG S
4.10%
04/30/2046
  1,020,524
  1,025,656
 
    275,000
Italy Buoni Poliennali Del Tesoro Series 26YR REG S
3.35%
03/01/2035
    309,495
    310,584
 
  5,910,000
Italy Buoni Poliennali Del Tesoro Series 5YR REG S
2.95%
07/01/2030
  6,798,213
  6,792,920
 
  3,217,000
Italy Buoni Poliennali Del Tesoro Series 7YR REG S
3.15%
11/15/2031
  3,686,511
  3,694,644
 
  6,714,000
Italy Buoni Poliennali Del Tesoro Series 7YR REG S
3.70%
06/15/2030
  7,997,171
  8,014,078
 
  4,000,000
Italy Buoni Poliennali Del Tesoro Series 7YR REG S
4.00%
11/15/2030
  4,826,917
  4,836,105
 
    743,707
Italy Buoni Poliennali Del Tesoro Series CPI REG S «
2.55%
05/15/2056
    850,628
    856,311
 
Total Italy
 
 
 
43,123,934
43,223,732
 
Japan (A) (11.94%)
JPY
370,315,584
Japan Government CPI-Linked Bonds Series 24 «
0.10%
03/10/2029
  2,666,823
  2,677,905
 
64,010,072
Japan Government CPI-Linked Bonds Series 26 +« (B)
(0.69%)
03/10/2031
    466,593
    468,569
 
64,008,341
Japan Government CPI-Linked Bonds Series 26 +« (B)
(0.34%)
03/10/2031
    458,211
    469,147
 
255,614,400
Japan Government CPI-Linked Bonds Series 28 +« (B)
(0.36%)
03/10/2033
  1,839,961
  1,847,242
 
72,100,000
Japan Government Ten Year Bonds Series 362
0.10%
03/20/2031
    482,283
    482,524
 
Total Japan
 
 
 
5,913,871
5,945,387
 
Netherlands (A) (23.13%)
EUR
    617,000
Netherlands Government Bonds REG S
2.00%
01/15/2054
    564,765
    564,765
 
  1,617,437
Netherlands Government Bonds REG S
2.50%
01/15/2030
  1,867,402
  1,867,401
 
  7,209,348
Netherlands Government Bonds REG S
2.50%
07/15/2035
  8,037,535
  8,061,957
 
  1,289,100
Netherlands Government Bonds REG S +
2.94%
01/15/2038
  1,014,685
  1,021,730
 
Total Netherlands
 
 
 
11,484,387
11,515,853
The accompanying notes are an integral part of the consolidated financial statements.
4

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
 
Face Amount
 
 
 
 
Cost
Value
 
Foreign Government Obligations (continued)
 
Portugal (A) (2.00%)
EUR
    876,243
Portugal Obrigacoes do Tesouro OT Series 10YR REG S
3.00%
06/15/2035
    $992,839
    $996,026
 
Romania (0.56%)
USD
     86,000
Romania Government International Bonds REG S
4.00%
02/14/2051
     50,462
     50,847
 
    314,000
Romania Government International Bonds REG S
5.13%
06/15/2048
    236,098
    227,964
 
Total Romania
 
 
 
286,560
278,811
 
Spain (A) (77.72%)
EUR
  6,221,000
Spain Government Bonds
2.70%
01/31/2030
  7,172,379
  7,181,736
 
  3,961,000
Spain Government Bonds REG S
0.50%
04/30/2030
  4,106,017
  4,106,017
 
  3,580,000
Spain Government Bonds REG S
0.70%
04/30/2032
  3,548,263
  3,558,699
 
  2,231,000
Spain Government Bonds REG S
0.85%
07/30/2037
  1,892,783
  1,902,546
 
  9,565,000
Spain Government Bonds REG S
1.45%
10/31/2027
10,750,907
10,750,491
 
    846,000
Spain Government Bonds REG S
1.45%
10/31/2071
    461,342
    459,853
 
  7,295,000
Spain Government Bonds REG S
3.45%
10/31/2034
  8,530,423
  8,556,791
 
  1,591,000
Spain Government Bonds REG S
3.50%
01/31/2041
  1,780,850
  1,782,551
 
    361,788
Spain Government Bonds Inflation-Linked REG S «
1.15%
11/30/2036
    399,185
    400,527
 
Total Spain
 
 
 
38,642,149
38,699,211
 
Supranational (A) (24.63%)
 
    433,000
European Union Series NGEU REG S
0.70%
07/06/2051
    252,740
    254,613
 
    387,000
European Union Series NGEU REG S
1.25%
02/04/2043
    305,903
    308,178
 
  1,403,000
European Union Series NGEU REG S
2.50%
10/04/2052
  1,262,360
  1,264,756
 
  6,000,000
European Union Series NGEU REG S
2.88%
12/06/2027
  6,964,369
  6,964,369
 
  2,005,000
European Union Series NGEU REG S
3.25%
07/04/2034
  2,335,390
  2,340,319
 
    995,000
European Union Series NGEU REG S
3.38%
10/04/2038
  1,129,093
  1,133,674
 
Total Supranational
 
 
 
12,249,855
12,265,909
 
Sweden (A) (9.45%)
USD
  1,500,000
Svensk Exportkredit AB ±
3.75%
05/08/2028
  1,497,179
  1,500,514
SEK
28,084,664
Sweden Inflation-Linked Bonds Series 3104 REG S «
3.50%
12/01/2028
  3,262,116
  3,204,962
 
Total Sweden
 
 
 
4,759,295
4,705,476
 
United Kingdom (A) (122.96%)
GBP
  5,248,787
U.K. Gilts REG S
1.00%
01/31/2032
  5,754,406
  5,761,595
 
  1,123,775
U.K. Gilts REG S
1.25%
10/22/2041
    883,048
    887,829
 
    344,720
U.K. Gilts REG S
1.25%
07/31/2051
    203,748
    204,696
 
  1,254,126
U.K. Gilts REG S
3.25%
01/31/2033
  1,566,453
  1,569,138
 
    842,000
U.K. Gilts REG S
3.25%
01/22/2044
    874,184
    878,786
 
    880,500
U.K. Gilts REG S
3.50%
01/22/2045
    939,062
    944,289
 
  5,115,565
U.K. Gilts REG S
3.75%
03/07/2027
  6,838,399
  6,828,171
 
  1,976,000
U.K. Gilts REG S
3.75%
10/22/2053
  2,059,030
  2,071,907
 
    585,000
U.K. Gilts REG S
4.25%
06/07/2032
    789,542
    790,496
 
  2,296,000
U.K. Gilts REG S
4.25%
07/31/2034
  3,033,806
  3,041,614
 
  3,559,265
U.K. Gilts REG S
4.38%
01/31/2040
  4,507,631
  4,526,783
 
14,665,572
U.K. Gilts REG S
4.50%
03/07/2035
19,646,098
19,692,008
 
  1,644,724
U.K. Gilts REG S
4.63%
01/31/2034
  2,240,895
  2,244,866
 
  2,830,000
U.K. Gilts REG S
4.75%
12/07/2030
  3,951,748
  3,945,987
 
  2,294,000
U.K. Gilts REG S
4.75%
12/07/2038
  3,063,906
  3,078,168
 
  1,992,000
U.K. Gilts REG S
4.75%
10/22/2043
  2,558,356
  2,563,408
The accompanying notes are an integral part of the consolidated financial statements.
5

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
 
Face Amount
 
 
 
 
Cost
Value
 
Foreign Government Obligations (continued)
 
United Kingdom (A) (continued)
GBP
  2,047,116
U.K. Inflation-Linked Gilts Series 3MO REG S «
1.25%
11/22/2054
  $2,183,822
  $2,196,999
 
Total United Kingdom
 
 
 
61,094,134
61,226,740
 
Total Foreign Government Obligations
221,725,475
222,139,135
 
United States Government and Agency Obligations (16.79%)
 
United States (16.79%)
 
U.S. Treasury Bonds
USD
  2,441,000
2.38%05/15/2051 (A)
  1,571,969
  1,565,235
 
    913,000
4.50%11/15/2054
    869,426
    883,756
 
 
 
 
 
2,441,395
2,448,991
 
U.S. Treasury Notes (A)
 
  1,120,000
3.88%04/30/2030
  1,122,669
  1,128,119
 
  3,569,400
4.00%02/28/2030 TO 03/31/2030 @
  3,605,489
  3,615,160
 
  1,129,000
4.63%02/15/2035
  1,164,988
  1,169,401
 
 
 
 
 
5,893,146
5,912,680
 
Total United States
 
 
 
8,334,541
8,361,671
 
Total United States Government and Agency Obligations
8,334,541
8,361,671
 
Shares
 
 
 
 
 
 
 
Common Stock (2.02%)
 
Belgium # (0.00%)
 
Consumer Cyclical
 
         46
Azelis Group NV
        885
        717
 
France (0.02%)
 
Commercial Services & Supplies
 
        160
SPIE SA
      6,967
      7,852
 
Pharmaceuticals
 
        243
Medincell SA
      3,293
      4,199
 
Total France
 
 
 
10,260
12,051
 
Germany (0.01%)
 
IT Services
 
        181
IONOS Group SE
      4,911
      6,064
 
Greece (0.15%)
 
Banks
 
     31,080
Alpha Services & Holdings SA
     74,838
     76,666
 
Ireland (0.01%)
 
Banks
 
        348
AIB Group PLC
      2,059
      2,350
 
Israel (0.10%)
 
Banks
 
      3,479
Bank Leumi Le-Israel BM
     44,377
     49,547
The accompanying notes are an integral part of the consolidated financial statements.
6

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
 
Shares
 
 
 
 
Cost
Value
 
Common Stock (continued)
 
Italy (0.05%)
 
Automobiles
 
         49
Ferrari NV
     $22,988
     $22,626
 
Japan (0.02%)
 
Pharmaceuticals
 
        300
Daiichi Sankyo Co. Ltd.
      6,999
      7,648
 
Switzerland (0.01%)
 
Pharmaceuticals
 
         37
Galderma Group AG
      3,757
      4,350
 
United Kingdom (0.01%)
 
Hotels, Restaurants & Leisure
 
        627
Genius Sports Ltd.
      5,329
      6,765
 
United States (1.64%)
 
Biotechnology
 
         49
Akero Therapeutics, Inc.
      2,352
      2,235
 
        166
Disc Medicine, Inc.
      9,170
      8,203
 
Capital Markets
 
      1,000
ARES Management Corp. Class A
    151,500
    152,530
 
        800
LPL Financial Holdings, Inc.
    256,000
    255,832
 
Electric Utilities
 
        219
American Electric Power Co., Inc.
     22,338
     23,726
 
Food Products
 
         46
Hershey Co.
      7,015
      7,691
 
Oil, Gas & Consumable Fuels
 
      6,693
Excelerate Energy, Inc. Class A
    177,365
    171,207
 
      4,700
Viper Energy, Inc.
    209,150
    189,551
 
Pharmaceuticals
 
      1,444
Haleon PLC
      6,389
      7,268
 
Total United States
 
 
 
841,279
818,243
 
Total Common Stock
1,017,682
1,007,027
 
Face Amount
 
 
 
 
 
 
 
Short-Term Investments + (62.58%)
 
United States (62.58%)
 
United States Government and Agency Obligations
 
U.S. Treasury Bills
USD
  3,000,000
Zero05/01/2025
  3,000,000
  3,000,000
 
  1,560,000
3.66%05/06/2025
  1,559,079
  1,559,089
 
  1,020,000
4.06%05/13/2025
  1,018,554
  1,018,567
 
  1,409,100
4.20%05/29/2025
  1,404,445
  1,404,475
 
  3,610,900
4.24%05/27/2025 (C) (D)
  3,599,823
  3,599,877
 
  1,595,000
4.24%06/03/2025 (C)
  1,588,839
  1,588,832
 
    846,500
4.26%06/10/2025
    842,546
    842,532
 
  1,718,500
4.27%06/20/2025 (C)
  1,708,473
  1,708,431
 
  5,710,000
4.28%07/08/2025 (C) (D)
  5,664,697
  5,664,860
The accompanying notes are an integral part of the consolidated financial statements.
7

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
 
Face Amount
 
 
 
 
Cost
Value
 
Short-Term Investments + (continued)
 
United States (continued)
 
U.S. Treasury Bills (continued)
USD
  7,805,000
4.31%06/26/2025 (C) (E) (F)
  $7,753,793
  $7,753,548
 
    385,000
4.31%07/01/2025 (C)
    382,252
    382,253
 
  2,660,000
4.31%07/15/2025 (C) (E)
  2,636,750
  2,636,786
 
 
 
 
 
31,159,251
31,159,250
 
Total United States
 
 
 
31,159,251
31,159,250
 
Total Short-Term Investments
 
 
 
31,159,251
31,159,250
 
Contracts
 
 
Strike
Price
Expiration
Date
 
 
 
Purchased Options Contracts (1.93%)
 
Foreign Currency Options (0.53%)
 
    100,000
EURVSCHF
Call
1.08
05/08/2025
      1,529
      2,544
 
     95,000
EURVSCHF
Call
1.09
05/22/2025
      1,392
      1,333
 
    100,000
EURVSCHF
Put
1.08
05/08/2025
      1,529
        194
 
     95,000
EURVSCHF
Put
1.09
05/22/2025
      1,392
        985
 
     46,000
EURVSHUF
Call
410.04
05/23/2025
        405
        160
 
     46,000
EURVSHUF
Put
410.04
05/23/2025
        405
        753
 
     31,000
EURVSJPY
Call
161.95
05/14/2025
        451
        257
 
     31,000
EURVSJPY
Call
161.36
05/23/2025
        436
        402
 
     31,000
EURVSJPY
Put
161.95
05/14/2025
        451
        250
 
     31,000
EURVSJPY
Put
161.36
05/23/2025
        436
        288
 
     60,000
EURVSUSD
Call
1.05
05/19/2025
        866
      5,330
 
     32,000
EURVSUSD
Call
1.10
07/08/2025
        574
      1,537
 
  1,405,000
EURVSUSD
Call
1.19
04/13/2027
     71,310
     64,940
 
     60,000
EURVSUSD
Put
1.05
05/19/2025
        866
          1
 
     32,000
EURVSUSD
Put
1.10
07/08/2025
        574
        113
 
  1,405,000
EURVSUSD
Put
1.19
04/13/2027
     88,463
     83,901
 
     27,000
GBPVSJPY
Call
187.42
05/07/2025
        549
        616
 
     94,000
GBPVSJPY
Call
190.23
05/29/2025
      1,512
      1,456
 
     27,000
GBPVSJPY
Call
190.74
05/29/2025
        461
        371
 
     27,000
GBPVSJPY
Put
187.42
05/07/2025
        549
         60
 
     94,000
GBPVSJPY
Put
190.23
05/29/2025
      1,514
      1,695
 
     27,000
GBPVSJPY
Put
190.74
05/29/2025
        461
        536
 
     35,000
GBPVSUSD
Call
1.29
06/23/2025
        639
      1,628
 
     35,000
GBPVSUSD
Put
1.29
06/23/2025
        639
        151
 
     36,000
USDVSBRL
Call
5.79
05/19/2025
        926
        205
 
     36,000
USDVSBRL
Put
5.79
05/19/2025
        926
        878
 
     42,000
USDVSCAD
Call
1.42
05/07/2025
        412
          1
 
     42,000
USDVSCAD
Call
1.39
05/14/2025
        363
        148
 
     72,000
USDVSCAD
Call
1.42
05/16/2025
        797
         31
 
     53,000
USDVSCAD
Call
1.38
05/27/2025
        412
        303
 
     36,000
USDVSCAD
Call
1.40
07/10/2025
        472
        184
 
    413,000
USDVSCAD
Call
1.39
11/26/2025
     14,087
      5,746
 
     42,000
USDVSCAD
Put
1.42
05/07/2025
        412
      1,315
 
     42,000
USDVSCAD
Put
1.39
05/14/2025
        363
        347
 
     72,000
USDVSCAD
Put
1.42
05/16/2025
        797
      1,879
 
     53,000
USDVSCAD
Put
1.38
05/27/2025
        411
        464
The accompanying notes are an integral part of the consolidated financial statements.
8

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
 
Contracts
 
 
Strike
Price
Expiration
Date
Cost
Value
 
Purchased Options Contracts (continued)
 
Foreign Currency Options (continued)
 
     36,000
USDVSCAD
Put
1.40
07/10/2025
        $472
        $822
 
    413,000
USDVSCAD
Put
1.39
11/26/2025
      5,322
     10,934
 
     81,000
USDVSCHF
Call
0.89
05/19/2025
      1,029
          1
 
     36,000
USDVSCHF
Call
0.85
07/03/2025
        633
        150
 
     81,000
USDVSCHF
Put
0.89
05/19/2025
      1,029
      7,254
 
     36,000
USDVSCHF
Put
0.85
07/03/2025
        633
      1,533
 
  1,873,000
USDVSCNH
Call
7.70
07/07/2025
      5,936
        438
 
  1,000,000
USDVSCNH
Call
7.50
01/05/2026
     11,945
      5,817
 
    413,000
USDVSILS
Call
3.69
04/01/2026
     14,536
     10,706
 
    413,000
USDVSILS
Put
3.69
04/01/2026
     14,536
     19,648
 
     36,000
USDVSINR
Call
87.47
05/19/2025
        263
          8
 
     35,000
USDVSINR
Call
86.83
07/08/2025
        321
        103
 
    413,000
USDVSINR
Call
86.22
11/11/2025
      9,772
      4,924
 
     36,000
USDVSINR
Put
87.47
05/19/2025
        263
      1,185
 
     35,000
USDVSINR
Put
86.83
07/08/2025
        321
        850
 
    413,000
USDVSINR
Put
86.22
11/11/2025
      2,684
      7,504
 
     35,000
USDVSJPY
Call
139.91
05/23/2025
        559
        807
 
     53,000
USDVSJPY
Call
141.95
05/27/2025
        766
        754
 
     35,000
USDVSJPY
Call
143.04
05/29/2025
        490
        373
 
     35,000
USDVSJPY
Put
139.91
05/23/2025
        559
        239
 
     53,000
USDVSJPY
Put
141.95
05/27/2025
        766
        658
 
     35,000
USDVSJPY
Put
143.04
05/29/2025
        491
        593
 
    128,000
USDVSMXN
Call
19.71
05/22/2025
      1,900
      1,283
 
    126,000
USDVSMXN
Call
19.64
06/03/2025
      1,739
      1,850
 
    128,000
USDVSMXN
Put
19.71
05/22/2025
      1,900
      1,764
 
    126,000
USDVSMXN
Put
19.64
06/03/2025
      1,739
      1,698
 
    625,000
USDVSSEK
Call
11.50
05/30/2025
      7,128
          5
 
  3,845,000
USDVSZAR
Put
16.50
05/05/2025
      4,422
          1
 
Total Foreign Currency Options
289,935
262,904
 
Options on Equity Indices (0.72%)
 
      1,115
Euro Stoxx Banks Index
Put
177.00
05/16/2025
      3,473
      2,384
 
      5,903
S&P 500 Index
Put
5,746.42
05/16/2025
        838
        198
 
         14
S&P 500 Index
Put
5,250.00
06/20/2025
    159,605
    108,640
 
     37,305
S&P 500 Index
Put
5,811.25
09/19/2025
      2,686
      2,161
 
          3
S&P 500 Index
Put
5,400.00
07/31/2025
     29,823
     47,895
 
          2
S&P 500 Index
Put
5,100.00
05/16/2025
     24,893
      2,790
 
          2
S&P 500 Index
Put
5,000.00
09/30/2025
     24,207
     24,010
 
     25,459
S&P 500 Index
Put
5,324.22
06/20/2025
      1,757
        839
 
          4
S&P 500 Index
Put
5,000.00
05/30/2025
     17,828
      8,688
 
          2
S&P 500 Index
Call
5,500.00
05/16/2025
     22,257
     31,790
 
          9
S&P 500 Index
Put
5,300.00
05/30/2025
     88,185
     50,715
 
          2
S&P 500 Index
Call
5,900.00
09/30/2025
     30,507
     33,150
 
     21,573
S&P 500 Index
Put
5,185.42
06/20/2025
      2,006
      1,991
 
          1
S&P 500 Index
Put
5,350.00
05/16/2025
      7,315
      3,840
 
     21,908
S&P 500 Index
Put
5,678.25
06/20/2025
      2,256
        894
 
    219,767
S&P 500 Index
Put
5,664.85
06/20/2025
     25,603
     11,670
 
     56,848
S&P 500 Index
Put
5,588.28
06/20/2025
      4,974
      1,660
 
          4
S&P 500 Mini Index
Put
540.00
05/16/2025
      4,237
      1,940
 
          7
S&P 500 Mini Index
Put
500.00
09/30/2025
      8,584
      8,414
The accompanying notes are an integral part of the consolidated financial statements.
9

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
 
Contracts
 
 
Strike
Price
Expiration
Date
Cost
Value
 
Purchased Options Contracts (continued)
 
Options on Equity Indices (continued)
 
          7
S&P 500 Mini Index
Call
590.00
09/30/2025
     $10,215
     $11,644
 
         14
S&P 500 Mini Index
Put
524.00
05/16/2025
      5,066
      3,591
 
Total Options on Equity Indices
476,315
358,904
 
Options on Exchange Traded Funds (0.10%)
 
         51
ARK Innovation ETF
Put
43.00
05/02/2025
      4,135
        102
 
         30
Consumer Discretionary Select Sector SPDR Fund
Call
205.00
05/30/2025
      7,607
      8,940
 
         67
Energy Select Sector SPDR Fund
Call
110.00
07/18/2025
      6,118
        268
 
         27
Energy Select Sector SPDR Fund
Call
95.00
05/16/2025
      4,680
        108
 
        185
Energy Select Sector SPDR Fund
Call
105.00
06/30/2025
     26,274
        740
 
          2
Invesco QQQ Trust Series 1
Put
450.00
05/16/2025
      1,176
        602
 
         17
Invesco QQQ Trust Series 1
Put
450.00
05/09/2025
      7,186
      2,465
 
          6
Invesco Solar ETF
Put
29.00
05/16/2025
        578
        900
 
        102
iShares 7-10 Year Treasury Bond ETF
Call
95.00
05/16/2025
      7,581
     13,056
 
          7
iShares Expanded Tech-Software Sector ETF
Put
92.00
05/16/2025
      1,521
        875
 
         63
iShares Russell 2000 ETF
Put
175.00
05/16/2025
     45,283
      3,276
 
         42
iShares Russell 2000 ETF
Put
160.00
05/16/2025
     17,275
        714
 
         16
iShares Russell 2000 ETF
Put
185.00
05/30/2025
      4,268
      4,048
 
          3
iShares Semiconductor ETF
Put
175.00
05/16/2025
      1,345
        870
 
         27
VanEck Semiconductor ETF
Put
200.00
05/30/2025
     17,397
     13,635
 
Total Options on Exchange Traded Funds
152,424
50,599
 
Options on Exchange Traded Futures Contracts (0.39%)
 
        101
1 Year Mid-Curve 3 Month SOFR Option
Put
94.63
09/12/2025
     20,222
      1,894
 
         43
1 Year Mid-Curve 3 Month SOFR Option
Put
94.38
09/12/2025
      3,772
        269
 
         43
1 Year Mid-Curve 3 Month SOFR Option
Put
94.50
09/12/2025
      5,384
        537
 
        123
3 Month SOFR
Put
95.50
12/12/2025
      7,405
      6,919
 
        123
3 Month SOFR
Put
96.25
12/12/2025
     78,330
     47,662
 
         51
3 Month SONIA
Put
95.50
12/12/2025
     12,540
      2,554
 
         39
3 Month SONIA
Put
95.65
06/13/2025
      5,300
        651
 
        242
3 Month SONIA
Put
95.40
06/13/2025
      6,830
      2,020
 
        220
3 Month SONIA
Put
95.20
12/12/2025
     98,384
      5,510
 
        220
3 Month SONIA
Put
95.80
12/12/2025
    253,127
     27,549
 
         39
3 Month SONIA
Put
95.45
06/13/2025
      1,769
        326
 
         53
3 Month SONIA
Put
96.00
09/12/2025
     34,517
      7,079
 
         27
3 Month SONIA
Put
95.85
06/13/2025
      8,881
        902
 
        241
3 Month SONIA
Put
95.80
06/13/2025
     54,440
      6,036
 
        103
3 Month SONIA
Put
96.00
06/13/2025
     26,182
     21,496
 
         51
3 Month SONIA
Put
95.90
12/12/2025
     31,728
      8,515
 
         20
3 Month SONIA
Put
96.30
07/11/2025
      9,779
      6,845
 
         52
3 Month SONIA
Put
96.50
12/12/2025
     46,890
     45,147
 
          1
Natural Gas Futures
Call
5.50
10/28/2025
      3,892
      2,592
 
Total Options on Exchange Traded Futures Contracts
709,372
194,503
 
Options on Securities (0.19%)
 
         30
10YR U.S. Treasury Notes
Put
109.00
06/20/2025
     21,449
      6,562
 
         15
2YR U.S. Treasury Notes
Put
103.50
05/23/2025
      6,349
      1,406
 
         12
5YR U.S. Treasury Notes
Call
109.50
05/23/2025
      3,392
      5,250
 
         11
Airbnb, Inc.
Call
130.00
05/02/2025
      2,756
      2,200
 
          4
Amazon.com, Inc.
Put
177.50
05/16/2025
      1,755
      1,920
The accompanying notes are an integral part of the consolidated financial statements.
10

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
 
Contracts
 
 
Strike
Price
Expiration
Date
Cost
Value
 
Purchased Options Contracts (continued)
 
Options on Securities (continued)
 
         17
Amazon.com, Inc.
Put
175.00
05/02/2025
      $5,470
      $4,352
 
         15
Apple, Inc.
Call
215.00
05/02/2025
      3,920
      5,370
 
         19
Arista Networks, Inc.
Call
86.00
05/09/2025
      4,682
      4,940
 
          5
Arista Networks, Inc.
Put
78.00
05/02/2025
        478
        213
 
         20
Block, Inc.
Call
62.00
05/02/2025
      3,327
      3,240
 
          8
Broadcom, Inc.
Put
160.00
05/16/2025
      6,262
        640
 
          2
Broadcom, Inc.
Put
155.00
05/16/2025
        833
        124
 
          1
Charter Communications, Inc.
Put
330.00
05/02/2025
      1,240
          8
 
         28
Crown Castle, Inc.
Put
90.00
05/16/2025
      6,368
        420
 
          7
Hilton Worldwide Holdings, Inc.
Call
230.00
05/16/2025
      2,754
      2,240
 
         11
Home Depot, Inc.
Call
380.00
05/02/2025
      3,313
         22
 
         13
Kenvue, Inc.
Call
24.00
06/20/2025
        927
      1,183
 
         26
Lam Research Corp.
Put
68.00
05/16/2025
      3,938
      4,030
 
          1
Meta Platforms, Inc.
Call
575.00
05/09/2025
      1,022
      1,180
 
          3
Meta Platforms, Inc.
Call
575.00
05/16/2025
      5,004
      4,500
 
          1
Microsoft Corp.
Put
380.00
05/02/2025
        466
        380
 
         12
Microsoft Corp.
Put
370.00
05/02/2025
      3,008
      1,956
 
          4
Netflix, Inc.
Put
950.00
05/16/2025
      6,017
        720
 
          7
NVIDIA Corp.
Put
93.00
05/02/2025
      2,186
         35
 
         14
NVIDIA Corp.
Call
114.00
05/23/2025
      3,393
      4,144
 
          1
Salesforce, Inc.
Call
275.00
05/16/2025
        484
        500
 
         20
SoFi Technologies, Inc.
Put
12.00
06/20/2025
      1,826
      1,720
 
          3
Spotify Technology SA
Put
540.00
05/30/2025
      6,115
      2,739
 
         12
Taiwan Semiconductor Manufacturing Co. Ltd.
Call
172.50
05/16/2025
      3,814
      3,558
 
          6
Tesla, Inc.
Put
230.00
05/16/2025
      5,014
      1,260
 
         21
Tesla, Inc.
Put
180.00
06/20/2025
     21,341
      4,463
 
          5
Tesla, Inc.
Call
300.00
05/09/2025
      4,665
      2,775
 
         12
T-Mobile U.S., Inc.
Put
235.00
05/16/2025
      5,533
      8,856
 
          4
Trade Desk, Inc.
Call
60.00
05/16/2025
        785
        936
 
         19
U.S. Treasury Long Bonds
Put
110.00
05/23/2025
     27,458
      2,672
 
         25
Walt Disney Co.
Call
95.00
05/16/2025
      4,942
      5,125
 
         74
Warner Bros Discovery, Inc.
Call
15.00
06/20/2025
      2,160
        148
 
Total Options on Securities
184,446
91,787
 
Total Purchased Options Contracts
1,812,492
958,697
 
Notional
 
 
Exercise
Rate
Expiration
Date
 
 
 
Purchased Swaptions Contracts (4.94%)
EUR
  1,398,000
10YR Interest Rate Swap Pay EUR Put
2.72%
04/09/2026
     47,516
     28,658
 
  7,347,000
10YR Interest Rate Swap Pay EUR Put
2.52%
01/09/2035
    636,817
    689,784
 
  1,398,000
10YR Interest Rate Swap Receive EUR Call
2.72%
04/09/2026
     47,516
     56,294
 
  7,347,000
10YR Interest Rate Swap Receive EUR Call
2.52%
01/09/2035
    636,817
    563,796
 
  9,969,000
1YR Interest Rate Swap Pay EUR Put
2.02%
04/27/2026
     21,305
     19,060
 
  9,970,000
1YR Interest Rate Swap Pay EUR Put
2.02%
04/27/2026
     22,667
     19,085
GBP
  9,957,000
1YR Interest Rate Swap Pay GBP Put
3.72%
04/28/2026
     40,564
     36,080
EUR
    250,000
20YR Interest Rate Swap Pay EUR Put
2.58%
03/13/2035
     36,163
     33,266
 
    250,000
20YR Interest Rate Swap Pay EUR Put
2.58%
03/13/2035
     35,808
     33,193
USD
  2,598,000
20YR Interest Rate Swap Pay USD Put
4.48%
06/04/2026
     68,847
     71,122
The accompanying notes are an integral part of the consolidated financial statements.
11

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
 
Notional
 
 
Exercise
Rate
Expiration
Date
Cost
Value
 
Purchased Swaptions Contracts (continued)
USD
  2,600,000
20YR Interest Rate Swap Pay USD Put
4.48%
06/04/2026
     $74,880
     $71,415
EUR
    250,000
20YR Interest Rate Swap Receive EUR Call
2.58%
03/13/2035
     36,163
     38,580
 
    250,000
20YR Interest Rate Swap Receive EUR Call
2.58%
03/13/2035
     35,808
     38,508
USD
  1,245,000
2YR Interest Rate Swap Pay USD Put
4.00%
04/22/2027
     10,396
      8,683
 
  1,247,000
2YR Interest Rate Swap Pay USD Put
4.00%
04/22/2027
      8,542
      8,542
EUR
  2,371,000
5YR Interest Rate Swap Pay EUR Put
2.66%
01/08/2030
     83,013
     87,750
 
  2,514,000
5YR Interest Rate Swap Pay EUR Put
2.66%
01/08/2030
     91,199
     93,315
 
  2,515,000
5YR Interest Rate Swap Pay EUR Put
2.66%
01/10/2035
     90,950
     93,328
JPY
487,392,000
5YR Interest Rate Swap Pay JPY Put
1.42%
01/09/2030
     63,179
     55,412
 
197,241,000
5YR Interest Rate Swap Pay JPY Put
1.45%
02/05/2030
     24,821
     22,165
EUR
  2,371,000
5YR Interest Rate Swap Receive EUR Call
2.66%
01/08/2030
     83,013
     77,123
 
  2,514,000
5YR Interest Rate Swap Receive EUR Call
2.66%
01/08/2030
     91,199
     82,047
 
  2,515,000
5YR Interest Rate Swap Receive EUR Call
2.66%
01/08/2030
     90,950
     82,055
JPY
487,392,000
5YR Interest Rate Swap Receive JPY Call
1.42%
01/09/2030
     63,179
     77,484
 
197,241,000
5YR Interest Rate Swap Receive JPY Call
1.45%
02/05/2030
     24,821
     32,303
USD
  1,837,500
CDX NA IG Series 43 Version 1 Put
1.00%
09/20/2024
      3,078
      2,165
 
10,200,000
CDX NA IG Series 44 Version 1 Put
1.00%
03/20/2025
     30,090
      8,562
EUR
  4,980,000
iTraxx Europe Series 43 Version 1 Put
75.00%
06/18/2025
      9,482
      9,482
 
  9,957,000
iTraxx Europe Series 43 Version 1 Put
75.00%
06/18/2025
     18,411
     21,038
 
Total Purchased Swaptions Contracts
2,527,194
2,460,295
 
Total Investments (621.11%)
$309,942,224
$309,276,420
 
Net Other Assets and Other Liabilities ((521.11)%)
$(259,482,075)
 
Net Assets (100.00%)
$49,794,345
The percentage shown for each investment category reflects the value of investments in that category as a percentage of total net assets.
#
Amount rounds to less than 0.005% of the Fund's total value of net assets.
@
Securities are grouped by coupon and represent a range of maturities.
*
Variable or Floating Rate Security. Rate disclosed is based on the latest available information as of April 30, 2025.
+
Zero-coupon bond.  Rate represents annualized yield at period end.
±
When Issued Security.
«
Inflation linked securities issued by foreign entities in which the principal amount is indexed for inflation or deflation periodically.
(A)
Security purchased under forward delivery commitments due within 60 days after April 30, 2025. The purchase price of the security and the date of delivery
were fixed at the time the transaction was negotiated.
(B)
Due to deposit rate cuts by central banks, rates may be negative.
(C)
At April 30, 2025, security (or a portion thereof) was pledged as collateral for OTC derivatives.  The aggregate value of securities pledged as collateral for open
OTC derivatives is $13,291,204, which represents 27.00% of net assets.
(D)
At April 30, 2025, security (or a portion thereof) was pledged as collateral for open swap contracts.  The aggregate value of securities pledged as collateral for
open swap contracts is $1,910,542, which represents 3.84% of net assets.
(E)
At April 30, 2025, security (or a portion thereof) was pledged as collateral for open futures contracts.  The aggregate value of securities pledged as collateral for
open futures contracts is $1,272,337, which represents 2.56% of net assets.
(F)
At April 30, 2025, security (or a portion thereof) was pledged as collateral for securities sold short.  The aggregate value of securities pledged as collateral for
securities sold short is $620,881, which represents 1.25% of net assets.
144A
Unregistered securities exempt in an institutional sale from the registration and prospectus delivery requirement of the Securities Act of 1933, as specified in
SEC Rule 144A.
CPI
Consumer Price Index
ETF
Exchange Traded Fund
IG
Investment Grade
The accompanying notes are an integral part of the consolidated financial statements.
12

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
LLC
Limited Liability Company
LP
Limited Partnership
OAT
French Treasury Bond
PIK
Payment-in-Kind security. Security that pays interest in the form of cash or additional debt securities.
PLC
Public Limited Company
REG S
Unregistered securities exempt in a sale of non-US securities from the registration and prospectus delivery requirement of the Securities Act of 1933, as
specified in SEC Regulation S.
SA
French Public Limited Company
SONIA
Sterling Overnight Index Average
AUD
Australian Dollar
BRL
Brazilian Real
CAD
Canadian Dollar
CHF
Swiss Franc
CNH
Chinese Yuan Offshore Renminbi
EUR
Euro
GBP
Great Britain Pound
HUF
Hungarian Forint
ILS
Israeli Shekel
INR
Indian Rupee
JPY
Japanese Yen
MXN
Mexican Peso
SEK
Swedish Krona
USD
United States Dollar
ZAR
South African Rand
The accompanying notes are an integral part of the consolidated financial statements.
13

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Concentration by Industry
 
 
Industry
% of Net Assets
Value
Foreign Government Obligations
446.11%
$222,139,135
United States Government and Agency Obligations
79.37
39,520,921
Financial
56.07
27,917,190
Consumer Non-cyclical
8.52
4,241,209
Energy
7.90
3,929,521
Consumer Cyclical
6.52
3,246,334
Purchased Swaptions Contracts
4.94
2,460,295
Technology
3.83
1,908,321
Communications
2.91
1,450,208
Capital Markets
0.82
408,362
Oil, Gas & Consumable Fuels
0.72
360,758
Options on Equity Indices
0.72
358,904
Basic Materials
0.59
297,366
Foreign Currency Options
0.53
262,904
Industrial
0.40
200,913
Options on Exchange Traded Futures Contracts
0.39
194,503
Banks
0.26
128,563
Options on Securities
0.19
91,787
Options on Exchange Traded Funds
0.10
50,599
Electric Utilities
0.05
23,726
Pharmaceuticals
0.05
23,465
Automobiles
0.05
22,626
Biotechnology
0.02
10,438
Commercial Services & Supplies
0.02
7,852
Food Products
0.01
7,691
Hotels, Restaurants & Leisure
0.01
6,765
IT Services
0.01
6,064
Total Investments
621.11
309,276,420
Net Other Assets and Other Liabilities
(521.11)
(259,482,075)
Net Assets
100.00%
$49,794,345
The accompanying notes are an integral part of the consolidated financial statements.
14

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
 
Face Amount
 
 
 
 
Proceeds
Value
 
Securities Sold Short (27.58%)
 
Corporate Obligations (18.25%)
 
Brazil (0.11%)
 
Energy
USD
     55,000
Petrobras Global Finance BV
6.00%
01/13/2035
     $49,836
     $52,190
 
Canada (0.14%)
 
Energy
 
     75,000
South Bow USA Infrastructure Holdings LLC 144A
6.18%
10/01/2054
     69,938
     69,553
 
France (1.90%)
 
Energy
 
    125,000
TotalEnergies Capital SA
5.28%
09/10/2054
    116,505
    115,494
 
Financial
EUR
    200,000
Banque Federative du Credit Mutuel SA REG S
4.38%
01/11/2034
    213,793
    230,791
 
    300,000
Societe Generale SA REG S
5.63%
06/02/2033
    345,591
    370,254
 
Utilities
 
    200,000
Electricite de France SA REG S
4.75%
06/17/2044
    222,574
    230,049
 
Total France
 
 
 
898,463
946,588
 
Germany (1.02%)
 
Consumer Non-cyclical
USD
    500,000
Bayer U.S. Finance LLC 144A
6.88%
11/21/2053
    503,523
    508,098
 
Italy (0.23%)
 
Utilities
EUR
    100,000
Enel Finance International NV REG S
4.50%
02/20/2043
    109,888
    116,202
 
Luxembourg (0.38%)
 
Basic Materials
USD
    200,000
INEOS Finance PLC 144A
7.50%
04/15/2029
    188,119
    188,354
 
Saudi Arabia (0.72%)
 
Financial
 
    425,000
Gaci First Investment Co. REG S
5.13%
02/14/2053
    358,570
    360,187
 
Spain (0.70%)
 
Financial
EUR
    200,000
Banco Santander SA REG S
4.13%
04/22/2034
    220,694
    236,567
 
    100,000
CaixaBank SA REG S *
3.75%
01/27/2036
    105,990
    113,273
 
Total Spain
 
 
 
326,684
349,840
 
United Kingdom * (0.85%)
 
Financial
 
    250,000
Barclays PLC REG S
3.94%
01/31/2036
    265,391
    280,760
 
    125,000
Nationwide Building Society REG S
3.77%
01/27/2036
    132,909
    141,447
 
Total United Kingdom
 
 
 
398,300
422,207
 
United States (12.20%)
 
Basic Materials
USD
    515,000
Chemours Co. 144A
4.63%
11/15/2029
    453,988
    432,707
 
    600,000
Olympus Water U.S. Holding Corp. 144A
7.25%
06/15/2031
    593,807
    601,446
The accompanying notes are an integral part of the consolidated financial statements.
15

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
 
Face Amount
 
 
 
 
Proceeds
Value
 
Securities Sold Short (continued)
 
Corporate Obligations (continued)
 
United States (continued)
 
Communications
EUR
    100,000
AT&T, Inc.
1.80%
09/14/2039
     $82,452
     $88,075
USD
    750,000
CCO Holdings LLC/CCO Holdings Capital Corp. 144A
4.25%
01/15/2034
    617,633
    632,774
 
    200,000
Charter Communications Operating LLC/Charter Communications Operating
Capital
5.25%
04/01/2053
    160,639
    158,380
 
    550,000
CommScope LLC 144A
4.75%
09/01/2029
    479,070
    486,819
 
    375,000
Netflix, Inc.
5.40%
08/15/2054
    360,371
    364,560
 
    470,000
Sirius XM Radio LLC 144A
3.88%
09/01/2031
    391,869
    404,082
 
Consumer Non-cyclical
 
    355,000
LifePoint Health, Inc. 144A
5.38%
01/15/2029
    314,678
    320,365
 
    370,000
Organon & Co./Organon Foreign Debt Co-Issuer BV 144A
5.13%
04/30/2031
    334,720
    311,144
 
    245,000
Owens & Minor, Inc. 144A
6.63%
04/01/2030
    234,695
    209,050
 
    360,000
ZipRecruiter, Inc. 144A
5.00%
01/15/2030
    304,772
    301,169
 
Energy
 
     25,000
Helmerich & Payne, Inc. 144A
4.85%
12/01/2029
     24,272
     23,649
 
    335,000
Nabors Industries, Inc. 144A
9.13%
01/31/2030
    299,462
    304,200
 
    517,000
Venture Global LNG, Inc. 144A
7.00%
01/15/2030
    517,091
    487,857
 
    107,000
Venture Global LNG, Inc. 144A
8.38%
06/01/2031
    110,659
    103,389
 
     68,000
Venture Global LNG, Inc. 144A
9.88%
02/01/2032
     73,443
     69,130
 
Industrial
 
    725,000
Boeing Co.
6.86%
05/01/2054
    759,868
    775,901
 
Total United States
 
 
 
6,113,489
6,074,697
 
Total Corporate Obligations
9,016,810
9,087,916
 
Foreign Government Obligations (9.13%)
 
Brazil (0.03%)
 
     15,000
Vale Overseas Ltd.
6.40%
06/28/2054
     14,821
     14,542
 
Bulgaria (0.99%)
EUR
    225,000
Bulgaria Government International Bonds REG S
4.25%
09/05/2044
    242,231
    255,209
 
    150,000
Bulgaria Government International Bonds REG S
4.88%
05/13/2036
    175,379
    186,025
 
     75,000
Bulgaria Government International Bonds REG S Series 30YR
1.38%
09/23/2050
     47,872
     50,586
 
Total Bulgaria
 
 
 
465,482
491,820
 
Chile (0.38%)
USD
    200,000
Chile Government International Bonds
5.33%
01/05/2054
    182,613
    187,000
 
Dominican Republic (0.37%)
 
    200,000
Dominican Republic International Bonds REG S
6.40%
06/05/2049
    187,080
    184,150
 
France (1.44%)
EUR
    400,000
BNP Paribas SA REG S
4.13%
05/24/2033
    438,817
    483,080
 
    200,000
Credit Agricole SA REG S
4.13%
02/26/2036
    216,486
    233,376
 
Total France
 
 
 
655,303
716,456
 
Germany (1.44%)
 
    400,000
Deutsche Bank AG REG S *
4.50%
07/12/2035
    440,678
    466,629
The accompanying notes are an integral part of the consolidated financial statements.
16

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
 
Face Amount
 
 
 
 
Proceeds
Value
 
Securities Sold Short (continued)
 
Foreign Government Obligations (continued)
 
Germany (continued)
USD
    255,000
Iho Verwaltungs GmbH 144A PIK
7.75%
11/15/2030
    $254,514
    $249,497
 
Total Germany
 
 
 
695,192
716,126
 
Indonesia (0.32%)
 
    200,000
Indonesia Government International Bonds
4.20%
10/15/2050
    159,752
    160,000
 
Oman (0.81%)
 
    400,000
Oman Government International Bonds REG S
6.75%
01/17/2048
    415,566
    406,000
 
Peru (0.36%)
 
    160,000
Peru Government International Bonds
5.63%
11/18/2050
    146,555
    151,000
 
     30,000
Peru Government International Bonds
5.88%
08/08/2054
     28,277
     28,785
 
Total Peru
 
 
 
174,832
179,785
 
Poland (0.34%)
EUR
     85,000
Republic of Poland Government International Bonds REG S
4.25%
02/14/2043
     91,657
     98,392
 
     60,000
Republic of Poland Government International Bonds REG S Series 10YR
3.63%
01/11/2034
     63,822
     70,178
 
Total Poland
 
 
 
155,479
168,570
 
Qatar (1.14%)
USD
    600,000
Qatar Government International Bonds REG S
5.10%
04/23/2048
    562,298
    570,000
 
Saudi Arabia (1.14%)
 
    600,000
Saudi Government International Bonds REG S
5.75%
01/16/2054
    558,033
    567,000
 
United Arab Emirates (0.37%)
 
    200,000
UAE International Government Bonds REG S
4.95%
07/07/2052
    187,041
    183,500
 
Total Foreign Government Obligations
4,413,492
4,544,949
 
Shares
 
 
 
 
 
 
 
 
 
Common Stock (0.15%)
 
United States (0.15%)
 
Software
 
        200
MicroStrategy, Inc.
     60,998
     76,022
 
Units
 
 
 
 
 
 
 
 
 
Closed End Funds (0.05%)
 
United Kingdom (0.05%)
 
Capital Markets
 
      2,045
Scottish Mortgage Investment Trust PLC
 
 
     25,458
     24,736
 
Total Securities Sold Short
$13,516,758
$13,733,623
The percentage shown for each investment category reflects the value of investments in that category as a percentage of total net assets.
*
Variable or Floating Rate Security. Rate disclosed is based on the latest available information as of April 30, 2025.
144A
Unregistered securities exempt in an institutional sale from the registration and prospectus delivery requirement of the Securities Act of 1933, as specified in
SEC Rule 144A.
GmbH
German Company with Limited Liability
LLC
Limited Liability Company
PIK
Payment-in-Kind security. Security that pays interest in the form of cash or additional debt securities.
The accompanying notes are an integral part of the consolidated financial statements.
17

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
PLC
Public Limited Company
REG S
Unregistered securities exempt in a sale of non-US securities from the registration and prospectus delivery requirement of the Securities Act of 1933, as
specified in SEC Regulation S.
SA
French Public Limited Company
The accompanying notes are an integral part of the consolidated financial statements.
18

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Concentration by Industry
 
 
Industry
% of Net Assets
Value
Foreign Government Obligations
9.13%
$4,544,949
Communications
4.29
2,134,690
Financial
3.48
1,733,279
Consumer Non-cyclical
3.31
1,649,826
Energy
2.46
1,225,462
Basic Materials
2.45
1,222,507
Industrial
1.56
775,901
Utilities
0.70
346,251
Software
0.15
76,022
Capital Markets
0.05
24,736
Total Securities Sold Short
27.58%
$13,733,623
The accompanying notes are an integral part of the consolidated financial statements.
19

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Forward Currency Contracts
Currency
 
Total
Contract Value
Contract
Price
Delivery
Date
Unrealized
Appreciation
Australian Dollar
BUY
     $29,597
1.55
05/07/2025
        $163
Australian Dollar
BUY
     50,743
1.56
05/07/2025
193
Australian Dollar
BUY
     80,181
1.56
05/07/2025
197
Australian Dollar
BUY
     80,317
1.56
05/07/2025
333
Australian Dollar
BUY
     83,361
1.56
05/07/2025
177
Australian Dollar
BUY
    102,614
1.56
05/07/2025
234
Australian Dollar
BUY
    112,182
1.56
05/07/2025
204
Australian Dollar
BUY
    112,269
1.56
05/07/2025
291
Australian Dollar
SELL
  4,486,789
1.59
05/07/2025
69,126
Australian Dollar
SELL
    417,665
1.62
05/07/2025
14,251
Australian Dollar
SELL
    315,395
1.65
05/07/2025
17,341
Australian Dollar
SELL
    289,877
1.59
05/07/2025
4,466
Australian Dollar
SELL
    197,675
1.57
05/07/2025
686
Australian Dollar
SELL
    185,213
1.57
05/07/2025
351
Australian Dollar
SELL
    184,800
1.57
05/07/2025
764
Australian Dollar
SELL
    184,600
1.57
05/07/2025
964
Australian Dollar
SELL
    184,410
1.57
05/07/2025
1,154
Australian Dollar
SELL
    169,735
1.59
05/07/2025
3,031
Australian Dollar
SELL
    163,739
1.59
05/07/2025
2,628
Australian Dollar
SELL
    152,036
1.61
05/07/2025
4,733
Australian Dollar
SELL
    146,732
1.60
05/07/2025
3,639
Australian Dollar
SELL
    133,707
1.57
05/07/2025
667
Australian Dollar
SELL
    114,590
1.61
05/07/2025
3,787
Australian Dollar
SELL
    114,298
1.62
05/07/2025
4,079
Australian Dollar
SELL
    113,432
1.59
05/07/2025
1,746
Australian Dollar
SELL
    111,691
1.57
05/07/2025
288
Australian Dollar
SELL
    111,679
1.57
05/07/2025
299
Australian Dollar
SELL
    108,736
1.61
05/07/2025
3,242
Australian Dollar
SELL
    107,349
1.58
05/07/2025
1,430
Australian Dollar
SELL
    103,859
1.59
05/07/2025
1,721
Australian Dollar
SELL
     95,721
1.57
05/07/2025
260
Australian Dollar
SELL
     89,063
1.57
05/07/2025
520
Australian Dollar
SELL
     80,557
1.61
05/07/2025
2,627
Australian Dollar
SELL
     79,941
1.56
05/07/2025
43
Australian Dollar
SELL
     77,874
1.61
05/07/2025
2,111
Australian Dollar
SELL
     73,252
1.57
05/07/2025
333
Australian Dollar
SELL
     30,611
1.67
05/07/2025
2,023
Australian Dollar
SELL
      6,242
1.60
05/07/2025
157
Australian Dollar
SELL
     38,386
1.56
05/30/2025
16
Australian Dollar
SELL
     36,089
1.66
06/18/2025
2,322
Australian Dollar
SELL
     25,330
1.58
06/18/2025
277
Australian Dollar
SELL
      6,249
1.60
06/18/2025
153
Australian Dollar
SELL
      3,189
1.57
06/18/2025
12
Brazilian Real
BUY
     58,793
5.70
06/03/2025
52
Brazilian Real
SELL
  1,113,383
5.77
05/05/2025
21,495
Brazilian Real
SELL
    971,351
5.90
05/05/2025
40,766
The accompanying notes are an integral part of the consolidated financial statements.
20

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Forward Currency Contracts (continued)
Currency
 
Total
Contract Value
Contract
Price
Delivery
Date
Unrealized
Appreciation
Brazilian Real
SELL
    $312,632
5.90
05/05/2025
     $13,259
Brazilian Real
SELL
    212,435
5.79
05/05/2025
4,826
Brazilian Real
SELL
    152,094
5.79
05/05/2025
3,345
Brazilian Real
SELL
     91,859
5.88
05/05/2025
3,523
Brazilian Real
SELL
     81,287
5.91
05/05/2025
3,498
Brazilian Real
SELL
     48,031
5.73
05/05/2025
544
Brazilian Real
SELL
     13,863
5.77
05/05/2025
268
Brazilian Real
SELL
     48,816
5.74
06/18/2025
142
Brazilian Real
SELL
     19,282
5.96
06/18/2025
826
Brazilian Real
SELL
     16,895
5.92
06/18/2025
590
Brazilian Real
SELL
      4,998
6.00
06/18/2025
248
Brazilian Real
SELL
      2,585
5.80
06/18/2025
37
Canadian Dollar
BUY
     79,786
1.38
05/07/2025
127
Canadian Dollar
SELL
    706,269
1.42
05/07/2025
21,524
Canadian Dollar
SELL
    641,217
1.40
05/07/2025
10,539
Canadian Dollar
SELL
    582,352
1.43
05/07/2025
18,711
Canadian Dollar
SELL
    533,979
1.39
05/07/2025
1,908
Canadian Dollar
SELL
    443,630
1.39
05/07/2025
1,736
Canadian Dollar
SELL
    371,286
1.39
05/07/2025
1,663
Canadian Dollar
SELL
    224,706
1.40
05/07/2025
3,408
Canadian Dollar
SELL
    223,978
1.38
05/07/2025
515
Canadian Dollar
SELL
    201,991
1.44
05/07/2025
8,019
Canadian Dollar
SELL
    201,737
1.44
05/07/2025
8,273
Canadian Dollar
SELL
    182,952
1.39
05/07/2025
1,712
Canadian Dollar
SELL
    178,773
1.43
05/07/2025
5,890
Canadian Dollar
SELL
    178,312
1.40
05/07/2025
2,731
Canadian Dollar
SELL
    177,497
1.44
05/07/2025
7,166
Canadian Dollar
SELL
    162,128
1.39
05/07/2025
811
Canadian Dollar
SELL
    161,959
1.39
05/07/2025
980
Canadian Dollar
SELL
    153,471
1.43
05/07/2025
5,847
Canadian Dollar
SELL
    149,617
1.40
05/07/2025
2,459
Canadian Dollar
SELL
    148,555
1.39
05/07/2025
625
Canadian Dollar
SELL
    148,542
1.39
05/07/2025
638
Canadian Dollar
SELL
    146,268
1.44
05/07/2025
5,808
Canadian Dollar
SELL
    121,888
1.44
05/07/2025
4,842
Canadian Dollar
SELL
    121,720
1.44
05/07/2025
5,010
Canadian Dollar
SELL
    114,001
1.40
05/07/2025
1,866
Canadian Dollar
SELL
    112,086
1.38
05/07/2025
161
Canadian Dollar
SELL
    111,689
1.39
05/07/2025
557
Canadian Dollar
SELL
    111,113
1.39
05/07/2025
1,134
Canadian Dollar
SELL
    104,738
1.38
05/07/2025
267
Canadian Dollar
SELL
     97,468
1.39
05/07/2025
295
Canadian Dollar
SELL
     97,459
1.44
05/07/2025
3,925
Canadian Dollar
SELL
     93,553
1.39
05/07/2025
590
Canadian Dollar
SELL
     90,268
1.38
05/07/2025
253
Canadian Dollar
SELL
     90,047
1.39
05/07/2025
475
The accompanying notes are an integral part of the consolidated financial statements.
21

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Forward Currency Contracts (continued)
Currency
 
Total
Contract Value
Contract
Price
Delivery
Date
Unrealized
Appreciation
Canadian Dollar
SELL
     $89,845
1.39
05/07/2025
        $676
Canadian Dollar
SELL
     89,758
1.39
05/07/2025
764
Canadian Dollar
SELL
     79,487
1.38
05/07/2025
171
Canadian Dollar
SELL
     74,260
1.39
05/07/2025
330
Canadian Dollar
SELL
     53,547
1.40
05/07/2025
766
Canadian Dollar
SELL
    197,575
1.42
06/18/2025
5,621
Canadian Dollar
SELL
     86,603
1.39
06/18/2025
481
Canadian Dollar
SELL
      3,512
1.42
06/18/2025
116
Chilean Peso
BUY
    121,317
925.48
05/07/2025
3,926
Chilean Peso
BUY
    127,770
943.10
05/07/2025
1,781
Chilean Peso
BUY
    433,535
946.00
05/07/2025
4,728
Chilean Peso
BUY
     29,592
946.21
06/03/2025
322
Chilean Peso
SELL
    138,408
998.50
05/07/2025
6,088
Chilean Peso
SELL
    131,612
956.60
05/07/2025
23
Chinese Yuan Renminbi
BUY
    111,393
7.27
05/07/2025
25
Chinese Yuan Renminbi
BUY
    138,742
7.26
05/07/2025
288
Chinese Yuan Renminbi
BUY
    601,012
7.26
05/07/2025
1,413
Chinese Yuan Renminbi
BUY
  1,245,484
7.26
05/07/2025
2,565
Chinese Yuan Renminbi
BUY
  2,954,719
7.26
05/07/2025
6,085
Chinese Yuan Renminbi
SELL
    394,600
7.31
05/07/2025
2,062
Chinese Yuan Renminbi
SELL
    134,712
7.28
05/07/2025
166
Chinese Yuan Renminbi
SELL
    133,209
7.32
05/07/2025
845
Chinese Yuan Renminbi
SELL
    102,449
7.29
05/07/2025
257
Chinese Yuan Renminbi
SELL
     95,433
7.29
05/07/2025
261
Chinese Yuan Renminbi
SELL
     87,281
7.30
05/07/2025
301
Chinese Yuan Renminbi
SELL
     82,245
7.31
05/07/2025
387
Chinese Yuan Renminbi
SELL
     81,377
7.30
05/07/2025
293
Chinese Yuan Renminbi
SELL
     80,737
7.30
05/07/2025
245
Chinese Yuan Renminbi
SELL
     80,708
7.30
05/07/2025
274
Chinese Yuan Renminbi
SELL
     77,390
7.29
05/07/2025
155
Chinese Yuan Renminbi
SELL
     77,323
7.29
05/07/2025
222
Chinese Yuan Renminbi
SELL
     68,754
7.29
05/07/2025
129
Chinese Yuan Renminbi
SELL
     50,185
7.29
05/07/2025
137
Chinese Yuan Renminbi
SELL
     32,548
7.28
05/07/2025
37
Chinese Yuan Renminbi
SELL
     29,537
7.28
05/07/2025
23
Chinese Yuan Renminbi
SELL
     13,015
7.30
05/07/2025
47
Colombian Peso
BUY
  1,371,595
4,199.92
05/07/2025
8,161
Colombian Peso
SELL
    143,066
4,448.99
05/07/2025
7,580
Colombian Peso
SELL
     91,468
4,325.07
05/07/2025
2,162
Czech Koruna
BUY
    426,945
21.87
05/07/2025
1,303
Czech Koruna
BUY
    363,038
21.86
06/03/2025
1,106
Czech Koruna
SELL
    401,539
23.11
05/07/2025
21,369
Czech Koruna
SELL
    188,070
22.97
05/07/2025
8,822
Czech Koruna
SELL
    168,838
23.10
05/07/2025
8,911
Czech Koruna
SELL
    156,476
21.98
05/07/2025
308
Czech Koruna
SELL
    150,600
22.78
05/07/2025
5,728
The accompanying notes are an integral part of the consolidated financial statements.
22

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Forward Currency Contracts (continued)
Currency
 
Total
Contract Value
Contract
Price
Delivery
Date
Unrealized
Appreciation
Czech Koruna
SELL
    $112,639
22.82
05/07/2025
      $4,493
Czech Koruna
SELL
    104,615
23.04
05/07/2025
5,225
Czech Koruna
SELL
     89,553
22.22
05/07/2025
1,145
Czech Koruna
SELL
      2,164
23.11
05/07/2025
115
Czech Koruna
SELL
     21,390
21.97
05/30/2025
43
Danish Krone
BUY
      1,224
6.54
05/28/2025
3
Danish Krone
BUY
     15,288
6.54
05/28/2025
31
Danish Krone
SELL
     35,267
6.81
06/18/2025
1,405
Euro
BUY
     83,100
1.73
05/02/2025
2,050
Euro
BUY
      8,066
0.87
05/07/2025
108
Euro
BUY
     11,423
0.88
05/07/2025
54
Euro
BUY
     30,713
0.88
05/07/2025
17
Euro
BUY
     35,427
0.88
05/07/2025
183
Euro
BUY
     36,504
0.88
05/07/2025
123
Euro
BUY
     43,348
0.88
05/07/2025
147
Euro
BUY
     48,952
0.88
05/07/2025
66
Euro
BUY
     70,644
0.88
05/07/2025
157
Euro
BUY
     70,820
0.88
05/07/2025
333
Euro
BUY
     80,968
0.88
05/07/2025
249
Euro
BUY
     81,385
0.87
05/07/2025
666
Euro
BUY
     81,901
0.88
05/07/2025
45
Euro
BUY
     81,911
0.87
05/07/2025
1,192
Euro
BUY
     81,979
0.88
05/07/2025
123
Euro
BUY
     82,053
0.88
05/07/2025
197
Euro
BUY
     82,104
0.86
05/07/2025
1,385
Euro
BUY
     83,090
0.88
05/07/2025
97
Euro
BUY
     83,508
0.87
05/07/2025
515
Euro
BUY
     88,808
0.88
05/07/2025
130
Euro
BUY
     95,823
0.88
05/07/2025
324
Euro
BUY
    110,526
0.88
05/07/2025
247
Euro
BUY
    110,559
0.88
05/07/2025
281
Euro
BUY
    110,794
0.88
05/07/2025
516
Euro
BUY
    113,468
0.87
05/07/2025
916
Euro
BUY
    128,699
0.88
05/07/2025
231
Euro
BUY
    138,803
0.88
05/07/2025
103
Euro
BUY
    155,959
0.88
05/07/2025
205
Euro
BUY
    171,112
0.88
05/07/2025
579
Euro
BUY
    174,458
0.87
05/07/2025
1,651
Euro
BUY
    183,357
0.88
05/07/2025
318
Euro
BUY
    203,527
0.88
05/07/2025
24
Euro
BUY
    220,726
0.88
05/07/2025
170
Euro
BUY
    548,772
0.88
05/07/2025
793
Euro
BUY
  1,567,382
0.88
05/07/2025
5,299
Euro
BUY
     17,915
0.88
05/30/2025
41
Euro
BUY
     45,072
0.88
05/30/2025
102
Euro
BUY
     45,610
0.88
05/30/2025
72
The accompanying notes are an integral part of the consolidated financial statements.
23

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Forward Currency Contracts (continued)
Currency
 
Total
Contract Value
Contract
Price
Delivery
Date
Unrealized
Appreciation
Euro
BUY
     $56,482
0.88
05/30/2025
        $128
Euro
BUY
     61,729
0.87
05/30/2025
252
Euro
BUY
     73,036
0.88
05/30/2025
174
Euro
BUY
     73,239
0.87
05/30/2025
378
Euro
BUY
     76,392
0.88
05/30/2025
115
Euro
BUY
     85,579
0.88
05/30/2025
195
Euro
BUY
    149,795
0.88
05/30/2025
87
Euro
BUY
    172,367
0.88
05/30/2025
459
Euro
BUY
    203,697
0.87
05/30/2025
1,050
Euro
BUY
    260,915
0.87
05/30/2025
1,345
Euro
BUY
    335,393
0.88
05/30/2025
685
Euro
BUY
    375,266
0.88
05/30/2025
712
Euro
BUY
    435,380
0.88
05/30/2025
488
Euro
BUY
  1,021,246
0.88
05/30/2025
2,322
Euro
BUY
      1,143
0.88
06/03/2025
4
Euro
BUY
      4,570
0.88
06/03/2025
15
Euro
BUY
    100,549
0.88
06/03/2025
340
Euro
BUY
    138,254
0.88
06/03/2025
467
Euro
BUY
  8,023,327
0.88
06/03/2025
27,122
Euro
BUY
      2,283
0.88
06/18/2025
3
Euro
BUY
     31,948
0.88
06/18/2025
33
Euro
BUY
     50,773
0.87
06/18/2025
622
Euro
BUY
     76,114
0.87
06/18/2025
886
Euro
SELL
  3,223,145
0.93
05/07/2025
172,737
Euro
SELL
  1,554,922
0.93
05/07/2025
83,333
Euro
SELL
  1,201,191
0.88
05/07/2025
1,636
Euro
SELL
    814,904
0.91
05/07/2025
29,803
Euro
SELL
    803,172
0.88
05/07/2025
607
Euro
SELL
    799,054
0.91
05/07/2025
24,052
Euro
SELL
    796,453
0.91
05/07/2025
25,516
Euro
SELL
    796,226
0.91
05/07/2025
26,880
Euro
SELL
    795,183
0.91
05/07/2025
26,787
Euro
SELL
    794,766
0.91
05/07/2025
27,203
Euro
SELL
    781,815
0.88
05/07/2025
2,637
Euro
SELL
    686,340
0.88
05/07/2025
340
Euro
SELL
    443,473
0.91
05/07/2025
16,966
Euro
SELL
    398,957
0.88
05/07/2025
90
Euro
SELL
    378,583
0.92
05/07/2025
18,191
Euro
SELL
    285,286
0.93
05/07/2025
14,852
Euro
SELL
    268,268
0.90
05/07/2025
6,859
Euro
SELL
    253,870
0.92
05/07/2025
12,161
Euro
SELL
    236,897
0.92
05/07/2025
12,082
Euro
SELL
    220,911
0.91
05/07/2025
7,604
Euro
SELL
    209,056
0.88
05/07/2025
131
Euro
SELL
    202,609
0.92
05/07/2025
9,989
Euro
SELL
    201,962
0.93
05/07/2025
10,636
The accompanying notes are an integral part of the consolidated financial statements.
24

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Forward Currency Contracts (continued)
Currency
 
Total
Contract Value
Contract
Price
Delivery
Date
Unrealized
Appreciation
Euro
SELL
    $196,283
0.92
05/07/2025
      $9,493
Euro
SELL
    191,150
0.90
05/07/2025
4,395
Euro
SELL
    190,340
0.92
05/07/2025
9,752
Euro
SELL
    187,067
0.90
05/07/2025
5,067
Euro
SELL
    186,531
0.91
05/07/2025
6,740
Euro
SELL
    185,347
0.91
05/07/2025
5,650
Euro
SELL
    182,130
0.92
05/07/2025
8,867
Euro
SELL
    180,923
0.92
05/07/2025
8,937
Euro
SELL
    179,547
0.92
05/07/2025
9,176
Euro
SELL
    170,167
0.88
05/07/2025
366
Euro
SELL
    165,729
0.89
05/07/2025
2,530
Euro
SELL
    164,323
0.88
05/07/2025
526
Euro
SELL
    158,288
0.90
05/07/2025
4,287
Euro
SELL
    157,874
0.89
05/07/2025
2,427
Euro
SELL
    156,551
0.89
05/07/2025
1,477
Euro
SELL
    151,887
0.88
05/07/2025
456
Euro
SELL
    151,709
0.91
05/07/2025
5,181
Euro
SELL
    146,540
0.88
05/07/2025
118
Euro
SELL
    137,616
0.91
05/07/2025
4,495
Euro
SELL
    137,267
0.88
05/07/2025
297
Euro
SELL
    115,224
0.89
05/07/2025
739
Euro
SELL
    114,174
0.88
05/07/2025
651
Euro
SELL
    113,231
0.91
05/07/2025
3,868
Euro
SELL
    111,979
0.91
05/07/2025
3,984
Euro
SELL
    111,819
0.91
05/07/2025
4,144
Euro
SELL
    111,732
0.90
05/07/2025
3,093
Euro
SELL
    111,088
0.91
05/07/2025
3,738
Euro
SELL
    109,803
0.88
05/07/2025
475
Euro
SELL
    109,163
0.91
05/07/2025
3,389
Euro
SELL
    105,262
0.91
05/07/2025
3,879
Euro
SELL
    104,500
0.91
05/07/2025
3,504
Euro
SELL
     98,194
0.93
05/07/2025
5,263
Euro
SELL
     97,597
0.89
05/07/2025
1,312
Euro
SELL
     96,783
0.91
05/07/2025
3,263
Euro
SELL
     95,318
0.88
05/07/2025
180
Euro
SELL
     93,944
0.92
05/07/2025
3,828
Euro
SELL
     93,225
0.92
05/07/2025
4,548
Euro
SELL
     88,750
0.92
05/07/2025
4,475
Euro
SELL
     87,583
0.91
05/07/2025
3,368
Euro
SELL
     87,010
0.92
05/07/2025
3,941
Euro
SELL
     81,441
0.91
05/07/2025
2,688
Euro
SELL
     65,719
0.88
05/07/2025
220
Euro
SELL
     64,552
0.88
05/07/2025
250
Euro
SELL
     63,030
0.90
05/07/2025
1,772
Euro
SELL
     54,061
0.92
05/07/2025
2,784
Euro
SELL
     53,078
0.90
05/07/2025
1,492
The accompanying notes are an integral part of the consolidated financial statements.
25

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Forward Currency Contracts (continued)
Currency
 
Total
Contract Value
Contract
Price
Delivery
Date
Unrealized
Appreciation
Euro
SELL
     $48,870
0.91
05/07/2025
      $1,835
Euro
SELL
     47,340
0.91
05/07/2025
1,546
Euro
SELL
     43,248
0.92
05/07/2025
2,227
Euro
SELL
     38,924
0.90
05/07/2025
1,094
Euro
SELL
     36,339
0.88
05/07/2025
41
Euro
SELL
     34,280
0.90
05/07/2025
964
Euro
SELL
     28,403
0.88
05/07/2025
19
Euro
SELL
     22,728
0.88
05/07/2025
10
Euro
SELL
     22,722
0.88
05/07/2025
16
Euro
SELL
     21,632
0.92
05/07/2025
1,106
Euro
SELL
     18,946
0.90
05/07/2025
381
Euro
SELL
     17,693
0.90
05/07/2025
497
Euro
SELL
     15,341
0.91
05/07/2025
576
Euro
SELL
    257,574
0.88
05/30/2025
857
Euro
SELL
    165,785
0.88
05/30/2025
430
Euro
SELL
    203,986
0.91
06/18/2025
8,019
Euro
SELL
    106,233
0.91
06/18/2025
4,329
Euro
SELL
     48,930
0.92
06/18/2025
2,361
Euro
SELL
     17,523
0.91
06/18/2025
714
Great Britain Pound
BUY
     53,388
0.75
05/07/2025
227
Great Britain Pound
BUY
     81,694
0.75
05/07/2025
217
Great Britain Pound
BUY
     76,364
0.75
05/30/2025
222
Great Britain Pound
BUY
    235,975
0.75
05/30/2025
870
Great Britain Pound
BUY
      2,683
0.75
06/03/2025
11
Great Britain Pound
BUY
     45,613
0.75
06/03/2025
194
Great Britain Pound
BUY
    109,946
0.75
06/03/2025
407
Great Britain Pound
BUY
    114,032
0.75
06/03/2025
485
Great Britain Pound
BUY
    284,408
0.75
06/03/2025
1,209
Great Britain Pound
BUY
      1,339
0.75
06/18/2025
3
Great Britain Pound
SELL
  1,207,333
0.76
05/07/2025
12,155
Great Britain Pound
SELL
    793,697
0.75
05/07/2025
3,712
Great Britain Pound
SELL
    792,070
0.75
05/07/2025
4,003
Great Britain Pound
SELL
    524,539
0.76
05/07/2025
7,066
Great Britain Pound
SELL
    311,333
0.77
05/07/2025
10,569
Great Britain Pound
SELL
    285,219
0.77
05/07/2025
8,634
Great Britain Pound
SELL
    284,744
0.77
05/07/2025
9,108
Great Britain Pound
SELL
    263,869
0.77
05/07/2025
7,277
Great Britain Pound
SELL
    261,506
0.77
05/07/2025
8,304
Great Britain Pound
SELL
    242,877
0.77
05/07/2025
8,233
Great Britain Pound
SELL
    241,120
0.78
05/07/2025
8,654
Great Britain Pound
SELL
    213,195
0.77
05/07/2025
5,859
Great Britain Pound
SELL
    201,203
0.78
05/07/2025
7,165
Great Britain Pound
SELL
    189,335
0.76
05/07/2025
3,004
Great Britain Pound
SELL
    185,630
0.76
05/07/2025
2,703
Great Britain Pound
SELL
    177,288
0.76
05/07/2025
1,694
Great Britain Pound
SELL
    161,515
0.77
05/07/2025
5,447
The accompanying notes are an integral part of the consolidated financial statements.
26

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Forward Currency Contracts (continued)
Currency
 
Total
Contract Value
Contract
Price
Delivery
Date
Unrealized
Appreciation
Great Britain Pound
SELL
    $154,973
0.76
05/07/2025
      $2,639
Great Britain Pound
SELL
    148,655
0.75
05/07/2025
942
Great Britain Pound
SELL
    148,340
0.76
05/07/2025
1,258
Great Britain Pound
SELL
    147,294
0.75
05/07/2025
968
Great Britain Pound
SELL
    134,317
0.77
05/07/2025
3,260
Great Britain Pound
SELL
    125,234
0.78
05/07/2025
5,664
Great Britain Pound
SELL
    122,911
0.77
05/07/2025
3,980
Great Britain Pound
SELL
    122,894
0.76
05/07/2025
2,661
Great Britain Pound
SELL
    121,165
0.78
05/07/2025
4,391
Great Britain Pound
SELL
    119,512
0.77
05/07/2025
3,372
Great Britain Pound
SELL
    113,265
0.77
05/07/2025
2,940
Great Britain Pound
SELL
    112,731
0.76
05/07/2025
2,139
Great Britain Pound
SELL
    112,413
0.77
05/07/2025
3,792
Great Britain Pound
SELL
    111,596
0.78
05/07/2025
4,610
Great Britain Pound
SELL
    111,296
0.78
05/07/2025
4,909
Great Britain Pound
SELL
    111,189
0.78
05/07/2025
5,016
Great Britain Pound
SELL
    110,395
0.75
05/07/2025
468
Great Britain Pound
SELL
    110,014
0.75
05/07/2025
849
Great Britain Pound
SELL
    104,039
0.76
05/07/2025
1,481
Great Britain Pound
SELL
    103,323
0.75
05/07/2025
861
Great Britain Pound
SELL
    103,232
0.76
05/07/2025
952
Great Britain Pound
SELL
    102,199
0.75
05/07/2025
649
Great Britain Pound
SELL
     95,952
0.75
05/07/2025
218
Great Britain Pound
SELL
     82,781
0.77
05/07/2025
2,704
Great Britain Pound
SELL
     82,448
0.75
05/07/2025
365
Great Britain Pound
SELL
     82,055
0.76
05/07/2025
758
Great Britain Pound
SELL
     81,060
0.75
05/07/2025
417
Great Britain Pound
SELL
     71,308
0.77
05/07/2025
2,155
Great Britain Pound
SELL
     66,363
0.75
05/07/2025
422
Great Britain Pound
SELL
     52,935
0.77
05/07/2025
1,828
Great Britain Pound
SELL
     51,397
0.77
05/07/2025
1,763
Great Britain Pound
SELL
     49,264
0.77
05/07/2025
1,493
Great Britain Pound
SELL
     42,995
0.77
05/07/2025
1,083
Great Britain Pound
SELL
     41,569
0.77
05/07/2025
1,173
Great Britain Pound
SELL
     40,418
0.77
05/07/2025
989
Great Britain Pound
SELL
     37,672
0.77
05/07/2025
1,063
Great Britain Pound
SELL
     29,878
0.77
05/07/2025
843
Great Britain Pound
SELL
     25,734
0.78
05/07/2025
980
Great Britain Pound
SELL
     22,448
0.76
05/07/2025
259
Great Britain Pound
SELL
     11,622
0.77
05/07/2025
399
Great Britain Pound
SELL
      4,001
0.75
05/07/2025
6
Great Britain Pound
SELL
    973,544
0.75
05/30/2025
4,279
Great Britain Pound
SELL
    752,768
0.75
05/30/2025
3,309
Great Britain Pound
SELL
    213,980
0.75
05/30/2025
1,489
Great Britain Pound
SELL
    107,728
0.75
05/30/2025
473
Great Britain Pound
SELL
     44,037
0.75
05/30/2025
45
The accompanying notes are an integral part of the consolidated financial statements.
27

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Forward Currency Contracts (continued)
Currency
 
Total
Contract Value
Contract
Price
Delivery
Date
Unrealized
Appreciation
Great Britain Pound
SELL
    $107,276
0.77
06/18/2025
      $3,606
Great Britain Pound
SELL
     96,936
0.77
06/18/2025
3,259
Great Britain Pound
SELL
     27,983
0.75
06/18/2025
72
Great Britain Pound
SELL
     14,220
0.77
06/18/2025
476
Great Britain Pound
SELL
      9,037
0.77
06/18/2025
314
Great Britain Pound
SELL
      5,163
0.77
06/18/2025
181
Hong Kong Dollar
SELL
     10,962
7.75
05/30/2025
3
Hong Kong Dollar
SELL
      3,869
7.75
05/30/2025
1
Hong Kong Dollar
SELL
     59,948
7.76
06/18/2025
52
Hungarian Forint
BUY
    386,040
355.00
06/03/2025
1,398
Hungarian Forint
BUY
  1,725,479
355.00
06/03/2025
6,250
Hungarian Forint
BUY
  3,276,084
355.00
06/03/2025
11,867
Hungarian Forint
SELL
    805,485
370.21
05/07/2025
32,646
Hungarian Forint
SELL
    581,842
369.42
05/07/2025
22,287
Hungarian Forint
SELL
    397,376
370.43
05/07/2025
16,350
Hungarian Forint
SELL
    396,562
371.19
05/07/2025
17,163
Hungarian Forint
SELL
    396,556
371.20
05/07/2025
17,170
Hungarian Forint
SELL
    396,031
371.69
05/07/2025
17,694
Hungarian Forint
SELL
    360,107
371.83
05/07/2025
16,237
Hungarian Forint
SELL
    218,074
372.35
05/07/2025
10,149
Hungarian Forint
SELL
    178,565
373.53
05/07/2025
8,905
Hungarian Forint
SELL
    139,266
369.91
05/07/2025
5,526
Hungarian Forint
SELL
    120,953
373.70
05/07/2025
6,088
Hungarian Forint
SELL
    109,825
362.39
05/07/2025
2,038
Hungarian Forint
SELL
    101,616
365.10
05/07/2025
2,659
Hungarian Forint
SELL
     73,150
373.21
05/07/2025
3,581
Hungarian Forint
SELL
     57,111
372.85
05/07/2025
2,738
Hungarian Forint
SELL
     27,833
359.28
05/07/2025
273
Hungarian Forint
SELL
     16,102
373.00
05/07/2025
779
Hungarian Forint
SELL
     11,279
369.72
05/07/2025
442
Indian Rupee
SELL
  1,375,263
86.13
05/07/2025
26,155
Indian Rupee
SELL
     66,669
86.40
05/07/2025
1,479
Indian Rupee
SELL
  1,219,193
85.60
06/03/2025
11,856
Indonesian Rupiah
BUY
    117,782
16,589.25
05/07/2025
67
Indonesian Rupiah
SELL
    224,148
16,730.80
05/07/2025
1,763
Indonesian Rupiah
SELL
    155,331
16,730.80
06/03/2025
1,134
Israeli Shekel
BUY
      9,402
3.62
05/07/2025
59
Israeli Shekel
BUY
     76,007
3.62
05/07/2025
436
Israeli Shekel
BUY
  1,465,697
3.61
06/03/2025
9,368
Israeli Shekel
SELL
  1,005,577
3.70
05/07/2025
18,074
Israeli Shekel
SELL
    169,548
3.69
05/07/2025
2,206
Israeli Shekel
SELL
    122,456
3.67
05/07/2025
1,207
Israeli Shekel
SELL
    112,858
3.77
05/07/2025
3,935
Israeli Shekel
SELL
     82,026
3.78
05/07/2025
3,164
Israeli Shekel
SELL
     81,519
3.80
05/07/2025
3,671
Israeli Shekel
SELL
     80,752
3.78
05/07/2025
3,064
The accompanying notes are an integral part of the consolidated financial statements.
28

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Forward Currency Contracts (continued)
Currency
 
Total
Contract Value
Contract
Price
Delivery
Date
Unrealized
Appreciation
Israeli Shekel
SELL
     $80,667
3.78
05/07/2025
      $3,149
Israeli Shekel
SELL
     76,992
3.69
05/07/2025
1,053
Israeli Shekel
SELL
     45,687
3.83
05/07/2025
2,404
Israeli Shekel
SELL
      4,589
3.70
05/07/2025
82
Japanese Yen
BUY
     80,596
140.21
05/07/2025
1,331
Japanese Yen
BUY
     80,704
140.02
05/07/2025
1,439
Japanese Yen
BUY
     81,236
141.56
05/07/2025
568
Japanese Yen
BUY
     81,450
142.42
05/07/2025
81
Japanese Yen
BUY
     81,709
140.74
05/07/2025
1,041
Japanese Yen
BUY
     82,182
142.37
05/07/2025
111
Japanese Yen
BUY
     82,282
139.76
05/07/2025
1,614
Japanese Yen
BUY
     84,178
140.18
05/07/2025
1,406
Japanese Yen
BUY
     89,206
142.37
05/07/2025
121
Japanese Yen
BUY
     89,277
140.01
05/07/2025
1,595
Japanese Yen
BUY
     89,788
141.44
05/07/2025
703
Japanese Yen
BUY
     91,311
142.37
05/07/2025
122
Japanese Yen
BUY
     96,708
141.66
05/07/2025
608
Japanese Yen
BUY
    112,990
142.49
05/07/2025
55
Japanese Yen
BUY
    133,768
142.04
05/07/2025
491
Japanese Yen
BUY
    136,778
141.84
05/07/2025
696
Japanese Yen
BUY
    651,299
142.41
05/07/2025
697
Japanese Yen
BUY
    651,933
142.27
05/07/2025
1,331
Japanese Yen
BUY
  1,200,239
142.55
05/07/2025
44
Japanese Yen
BUY
    163,824
141.61
05/30/2025
664
Japanese Yen
BUY
     23,597
139.85
06/18/2025
339
Japanese Yen
SELL
  4,430,166
150.38
05/07/2025
242,948
Japanese Yen
SELL
  1,598,355
147.34
05/07/2025
53,579
Japanese Yen
SELL
  1,581,731
146.36
05/07/2025
42,145
Japanese Yen
SELL
  1,531,473
150.38
05/07/2025
83,985
Japanese Yen
SELL
  1,234,885
146.65
05/07/2025
35,455
Japanese Yen
SELL
  1,130,484
150.38
05/07/2025
61,995
Japanese Yen
SELL
  1,001,858
142.73
05/07/2025
1,227
Japanese Yen
SELL
    827,613
145.96
05/07/2025
19,749
Japanese Yen
SELL
    787,045
147.13
05/07/2025
25,243
Japanese Yen
SELL
    398,615
144.50
05/07/2025
5,425
Japanese Yen
SELL
    360,618
143.64
05/07/2025
2,737
Japanese Yen
SELL
    191,723
146.04
05/07/2025
4,685
Japanese Yen
SELL
    185,584
144.95
05/07/2025
3,109
Japanese Yen
SELL
    183,697
145.89
05/07/2025
4,294
Japanese Yen
SELL
    163,368
146.30
05/07/2025
4,280
Japanese Yen
SELL
    144,884
149.09
05/07/2025
6,631
Japanese Yen
SELL
    123,948
149.26
05/07/2025
5,822
Japanese Yen
SELL
    123,266
149.27
05/07/2025
5,803
Japanese Yen
SELL
    113,643
144.31
05/07/2025
1,396
Japanese Yen
SELL
    113,232
144.84
05/07/2025
1,808
Japanese Yen
SELL
    112,403
143.23
05/07/2025
531
The accompanying notes are an integral part of the consolidated financial statements.
29

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Forward Currency Contracts (continued)
Currency
 
Total
Contract Value
Contract
Price
Delivery
Date
Unrealized
Appreciation
Japanese Yen
SELL
    $111,707
144.13
05/07/2025
      $1,228
Japanese Yen
SELL
    111,513
143.48
05/07/2025
721
Japanese Yen
SELL
    111,439
147.17
05/07/2025
3,600
Japanese Yen
SELL
    111,433
146.28
05/07/2025
2,905
Japanese Yen
SELL
    111,088
146.73
05/07/2025
3,250
Japanese Yen
SELL
    100,624
149.07
05/07/2025
4,595
Japanese Yen
SELL
     97,272
144.96
05/07/2025
1,634
Japanese Yen
SELL
     96,128
147.72
05/07/2025
3,479
Japanese Yen
SELL
     91,380
144.45
05/07/2025
1,212
Japanese Yen
SELL
     90,634
144.54
05/07/2025
1,257
Japanese Yen
SELL
     89,803
145.87
05/07/2025
2,088
Japanese Yen
SELL
     87,211
146.77
05/07/2025
2,575
Japanese Yen
SELL
     82,471
143.08
05/07/2025
301
Japanese Yen
SELL
     81,391
147.44
05/07/2025
2,784
Japanese Yen
SELL
     81,361
147.49
05/07/2025
2,814
Japanese Yen
SELL
     80,762
143.63
05/07/2025
607
Japanese Yen
SELL
     79,838
142.79
05/07/2025
128
Japanese Yen
SELL
     65,781
145.94
05/07/2025
1,559
Japanese Yen
SELL
     57,238
145.01
05/07/2025
983
Japanese Yen
SELL
     46,912
142.82
05/07/2025
86
Japanese Yen
SELL
     36,202
149.16
05/07/2025
1,677
Japanese Yen
SELL
     25,835
147.09
05/07/2025
821
Japanese Yen
SELL
      4,901
142.82
05/07/2025
9
Japanese Yen
SELL
    171,411
143.52
05/30/2025
1,595
Japanese Yen
SELL
    179,650
146.40
06/18/2025
5,706
Japanese Yen
SELL
     69,168
146.02
06/18/2025
2,014
Japanese Yen
SELL
     52,048
146.02
06/18/2025
1,515
Japanese Yen
SELL
     18,829
148.70
06/18/2025
904
Mexican Peso
BUY
    400,002
19.57
05/07/2025
116
Mexican Peso
BUY
    400,041
19.57
05/07/2025
154
Mexican Peso
SELL
  6,524,200
20.40
05/07/2025
273,365
Mexican Peso
SELL
    814,571
20.23
05/07/2025
27,081
Mexican Peso
SELL
    804,079
20.46
05/07/2025
36,041
Mexican Peso
SELL
    797,732
20.46
05/07/2025
35,749
Mexican Peso
SELL
    789,572
20.35
05/07/2025
31,141
Mexican Peso
SELL
    697,320
20.40
05/07/2025
29,218
Mexican Peso
SELL
    391,863
20.82
05/07/2025
24,877
Mexican Peso
SELL
    390,916
20.54
05/07/2025
19,185
Mexican Peso
SELL
    324,543
20.40
05/07/2025
13,598
Mexican Peso
SELL
    308,153
19.99
05/07/2025
6,445
Mexican Peso
SELL
    296,267
20.39
05/07/2025
12,202
Mexican Peso
SELL
    246,359
20.13
05/07/2025
6,953
Mexican Peso
SELL
    123,020
20.03
05/07/2025
2,819
Mexican Peso
SELL
    110,242
19.68
05/07/2025
582
Mexican Peso
SELL
    109,143
20.98
05/07/2025
7,810
Mexican Peso
SELL
     77,029
20.38
05/07/2025
3,153
The accompanying notes are an integral part of the consolidated financial statements.
30

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Forward Currency Contracts (continued)
Currency
 
Total
Contract Value
Contract
Price
Delivery
Date
Unrealized
Appreciation
Mexican Peso
SELL
     $65,189
20.39
05/07/2025
      $2,685
Mexican Peso
SELL
     64,973
20.45
05/07/2025
2,900
Mexican Peso
SELL
     64,481
20.47
05/07/2025
2,933
Mexican Peso
SELL
     61,582
20.01
05/07/2025
1,338
Mexican Peso
SELL
     61,577
20.01
05/07/2025
1,342
Mexican Peso
SELL
     61,469
20.04
05/07/2025
1,450
Mexican Peso
SELL
     59,245
20.39
05/07/2025
2,449
Mexican Peso
SELL
     49,373
20.09
05/07/2025
1,290
Mexican Peso
SELL
     49,371
20.09
05/07/2025
1,292
Mexican Peso
SELL
     49,358
20.10
05/07/2025
1,305
Mexican Peso
SELL
     49,334
20.11
05/07/2025
1,329
Mexican Peso
SELL
     49,334
20.11
05/07/2025
1,328
Mexican Peso
SELL
     29,589
20.41
05/07/2025
1,258
New Taiwan Dollar
SELL
    698,154
32.24
05/07/2025
5,583
New Taiwan Dollar
SELL
    665,478
32.24
05/07/2025
5,425
New Taiwan Dollar
SELL
    579,404
32.87
05/07/2025
16,138
New Taiwan Dollar
SELL
    324,062
32.00
06/03/2025
1,569
New Zealand Dollar
BUY
     80,232
1.68
05/07/2025
105
New Zealand Dollar
BUY
     81,177
1.66
05/07/2025
1,051
New Zealand Dollar
BUY
    101,871
1.67
05/07/2025
971
New Zealand Dollar
BUY
    119,442
1.67
05/07/2025
735
New Zealand Dollar
BUY
    323,571
1.68
05/07/2025
95
New Zealand Dollar
BUY
      2,626
1.68
05/30/2025
13
New Zealand Dollar
SELL
  3,991,342
1.74
05/07/2025
136,679
New Zealand Dollar
SELL
    183,192
1.75
05/07/2025
6,738
New Zealand Dollar
SELL
    180,177
1.78
05/07/2025
9,753
New Zealand Dollar
SELL
    151,282
1.75
05/07/2025
6,004
New Zealand Dollar
SELL
    134,999
1.74
05/07/2025
4,481
New Zealand Dollar
SELL
    124,131
1.81
05/07/2025
9,413
New Zealand Dollar
SELL
    118,166
1.69
05/07/2025
540
New Zealand Dollar
SELL
    113,069
1.72
05/07/2025
2,670
New Zealand Dollar
SELL
    109,712
1.69
05/07/2025
91
New Zealand Dollar
SELL
    100,032
1.75
05/07/2025
3,836
New Zealand Dollar
SELL
     94,597
1.69
05/07/2025
368
New Zealand Dollar
SELL
     87,720
1.77
05/07/2025
4,278
New Zealand Dollar
SELL
     80,609
1.80
05/07/2025
5,453
New Zealand Dollar
SELL
     80,348
1.80
05/07/2025
5,714
New Zealand Dollar
SELL
     49,354
1.74
05/07/2025
1,690
Norwegian Krone
BUY
    188,393
10.30
05/07/2025
1,314
Norwegian Krone
BUY
     62,882
10.34
06/03/2025
200
Norwegian Krone
BUY
    345,366
10.34
06/03/2025
1,099
Norwegian Krone
BUY
  1,646,145
10.34
06/03/2025
5,238
Norwegian Krone
SELL
    411,642
10.57
05/07/2025
7,840
Norwegian Krone
SELL
    399,038
10.41
05/07/2025
1,639
Norwegian Krone
SELL
    301,136
10.42
05/07/2025
1,470
Norwegian Krone
SELL
    260,314
10.83
05/07/2025
11,625
The accompanying notes are an integral part of the consolidated financial statements.
31

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Forward Currency Contracts (continued)
Currency
 
Total
Contract Value
Contract
Price
Delivery
Date
Unrealized
Appreciation
Norwegian Krone
SELL
    $162,076
10.43
05/07/2025
        $895
Norwegian Krone
SELL
    151,879
10.73
05/07/2025
5,307
Norwegian Krone
SELL
    125,241
10.54
05/07/2025
2,050
Norwegian Krone
SELL
    124,843
10.57
05/07/2025
2,448
Norwegian Krone
SELL
    111,814
10.55
05/07/2025
1,976
Norwegian Krone
SELL
    111,544
10.58
05/07/2025
2,246
Norwegian Krone
SELL
    110,735
10.93
05/07/2025
5,949
Norwegian Krone
SELL
    102,491
10.54
05/07/2025
1,656
Norwegian Krone
SELL
    101,714
10.43
05/07/2025
601
Norwegian Krone
SELL
     97,190
10.80
05/07/2025
4,064
Norwegian Krone
SELL
     81,049
10.98
05/07/2025
4,776
Norwegian Krone
SELL
     80,547
10.43
05/07/2025
457
Norwegian Krone
SELL
     70,862
10.57
05/07/2025
1,366
Norwegian Krone
SELL
     46,588
10.43
05/07/2025
278
Norwegian Krone
SELL
     44,585
10.54
05/07/2025
738
Norwegian Krone
SELL
      3,893
10.53
05/07/2025
61
Norwegian Krone
SELL
     38,484
10.39
05/30/2025
90
Peruvian Nuevo Sol
BUY
     46,277
3.67
05/07/2025
16
Peruvian Nuevo Sol
BUY
    102,473
3.66
05/07/2025
426
Peruvian Nuevo Sol
BUY
    138,862
3.67
05/07/2025
79
Peruvian Nuevo Sol
BUY
    220,480
3.67
06/03/2025
336
Peruvian Nuevo Sol
SELL
     74,667
3.68
05/07/2025
167
Peruvian Nuevo Sol
SELL
     71,252
3.69
05/07/2025
316
Peruvian Nuevo Sol
SELL
     71,022
3.69
05/07/2025
275
Philippine Peso
SELL
    261,641
57.79
05/07/2025
9,042
Philippine Peso
SELL
    185,574
57.12
05/07/2025
4,191
Philippine Peso
SELL
    382,835
56.16
06/03/2025
1,841
Philippine Peso
SELL
    138,810
56.12
06/03/2025
568
Polish Zloty
BUY
     53,449
3.74
05/07/2025
300
Polish Zloty
BUY
     89,033
3.76
05/07/2025
7
Polish Zloty
BUY
    103,955
3.74
05/07/2025
579
Polish Zloty
BUY
  2,512,026
3.74
05/07/2025
13,992
Polish Zloty
BUY
     28,298
3.76
05/30/2025
15
Polish Zloty
BUY
    175,708
3.74
06/03/2025
983
Polish Zloty
BUY
  1,335,970
3.74
06/03/2025
7,477
Polish Zloty
SELL
  1,597,942
3.93
05/07/2025
69,628
Polish Zloty
SELL
    805,068
3.88
05/07/2025
25,395
Polish Zloty
SELL
    285,172
3.77
05/07/2025
507
Polish Zloty
SELL
    235,593
3.86
05/07/2025
6,238
Polish Zloty
SELL
    146,642
3.89
05/07/2025
4,834
Polish Zloty
SELL
    145,473
3.78
05/07/2025
688
Polish Zloty
SELL
    143,099
3.84
05/07/2025
3,062
Polish Zloty
SELL
    141,116
3.79
05/07/2025
1,059
Polish Zloty
SELL
    111,907
3.89
05/07/2025
3,693
Polish Zloty
SELL
    111,859
3.84
05/07/2025
2,413
Polish Zloty
SELL
    111,445
3.86
05/07/2025
2,826
The accompanying notes are an integral part of the consolidated financial statements.
32

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Forward Currency Contracts (continued)
Currency
 
Total
Contract Value
Contract
Price
Delivery
Date
Unrealized
Appreciation
Polish Zloty
SELL
    $109,765
3.78
05/07/2025
        $520
Polish Zloty
SELL
     90,234
3.77
05/07/2025
120
Polish Zloty
SELL
     70,645
3.88
05/07/2025
2,170
Polish Zloty
SELL
     54,732
3.84
05/07/2025
1,075
Polish Zloty
SELL
     30,512
3.77
05/07/2025
49
Singapore Dollar
BUY
     80,602
1.30
05/07/2025
176
Singapore Dollar
SELL
    638,584
1.32
05/07/2025
4,820
Singapore Dollar
SELL
    422,020
1.32
05/07/2025
3,087
Singapore Dollar
SELL
    370,787
1.31
05/07/2025
703
Singapore Dollar
SELL
    321,415
1.33
05/07/2025
6,415
Singapore Dollar
SELL
    321,194
1.33
05/07/2025
5,870
Singapore Dollar
SELL
    293,953
1.31
05/07/2025
941
Singapore Dollar
SELL
    283,623
1.34
05/07/2025
7,441
Singapore Dollar
SELL
    201,894
1.34
05/07/2025
4,914
Singapore Dollar
SELL
    201,851
1.31
05/07/2025
1,127
Singapore Dollar
SELL
    179,039
1.34
05/07/2025
4,791
Singapore Dollar
SELL
    164,396
1.34
05/07/2025
4,115
Singapore Dollar
SELL
    162,464
1.32
05/07/2025
2,217
Singapore Dollar
SELL
    156,252
1.31
05/07/2025
769
Singapore Dollar
SELL
    155,979
1.31
05/07/2025
1,042
Singapore Dollar
SELL
    155,490
1.32
05/07/2025
1,532
Singapore Dollar
SELL
    147,644
1.32
05/07/2025
1,717
Singapore Dollar
SELL
    147,596
1.32
05/07/2025
1,765
Singapore Dollar
SELL
    145,866
1.34
05/07/2025
3,495
Singapore Dollar
SELL
    145,552
1.34
05/07/2025
3,810
Singapore Dollar
SELL
    140,922
1.31
05/07/2025
780
Singapore Dollar
SELL
    123,495
1.34
05/07/2025
2,888
Singapore Dollar
SELL
    123,369
1.34
05/07/2025
3,014
Singapore Dollar
SELL
    115,950
1.34
05/07/2025
2,774
Singapore Dollar
SELL
    110,336
1.31
05/07/2025
728
Singapore Dollar
SELL
    110,063
1.32
05/07/2025
1,001
Singapore Dollar
SELL
    108,867
1.33
05/07/2025
2,197
Singapore Dollar
SELL
    106,314
1.32
05/07/2025
920
Singapore Dollar
SELL
    104,484
1.34
05/07/2025
2,750
Singapore Dollar
SELL
    103,094
1.31
05/07/2025
311
Singapore Dollar
SELL
    102,741
1.31
05/07/2025
663
Singapore Dollar
SELL
    102,620
1.32
05/07/2025
785
Singapore Dollar
SELL
     96,232
1.35
05/07/2025
3,343
Singapore Dollar
SELL
     96,051
1.35
05/07/2025
3,524
Singapore Dollar
SELL
     87,557
1.31
05/07/2025
528
Singapore Dollar
SELL
     86,249
1.33
05/07/2025
1,836
Singapore Dollar
SELL
     83,713
1.31
05/07/2025
542
Singapore Dollar
SELL
     83,650
1.32
05/07/2025
605
Singapore Dollar
SELL
     82,863
1.33
05/07/2025
1,393
Singapore Dollar
SELL
     82,792
1.33
05/07/2025
1,463
Singapore Dollar
SELL
     82,432
1.33
05/07/2025
1,823
The accompanying notes are an integral part of the consolidated financial statements.
33

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Forward Currency Contracts (continued)
Currency
 
Total
Contract Value
Contract
Price
Delivery
Date
Unrealized
Appreciation
Singapore Dollar
SELL
     $82,327
1.34
05/07/2025
      $1,928
Singapore Dollar
SELL
     82,274
1.34
05/07/2025
1,981
Singapore Dollar
SELL
     80,205
1.31
05/07/2025
221
Singapore Dollar
SELL
     80,069
1.31
05/07/2025
357
Singapore Dollar
SELL
     80,035
1.31
05/07/2025
391
Singapore Dollar
SELL
     79,789
1.32
05/07/2025
637
Singapore Dollar
SELL
     49,246
1.32
05/07/2025
541
Singapore Dollar
SELL
     45,735
1.31
05/07/2025
223
Singapore Dollar
SELL
     29,936
1.34
05/07/2025
703
Singapore Dollar
SELL
     12,142
1.32
05/07/2025
113
Singapore Dollar
SELL
     91,391
1.31
05/30/2025
643
Singapore Dollar
SELL
    199,133
1.31
06/03/2025
319
South African Rand
BUY
        544
18.38
05/07/2025
7
South African Rand
BUY
    243,119
18.26
05/07/2025
4,528
South African Rand
BUY
    746,495
18.49
05/07/2025
4,927
South African Rand
BUY
  1,912,645
18.55
05/07/2025
6,601
South African Rand
BUY
  9,386,360
18.26
05/07/2025
174,801
South African Rand
BUY
      1,342
18.63
05/30/2025
1
South African Rand
BUY
      7,405
18.63
05/30/2025
3
South African Rand
BUY
     12,342
18.63
05/30/2025
5
South African Rand
BUY
     64,573
18.58
06/03/2025
225
South African Rand
BUY
    113,540
18.58
06/03/2025
395
South African Rand
BUY
10,259,529
18.58
06/03/2025
35,726
South African Rand
SELL
    791,465
19.07
05/07/2025
19,423
South African Rand
SELL
    789,319
19.79
05/07/2025
50,049
South African Rand
SELL
    525,278
19.23
05/07/2025
17,463
South African Rand
SELL
    414,192
18.91
05/07/2025
6,621
South African Rand
SELL
    398,550
18.62
05/07/2025
177
South African Rand
SELL
    398,445
18.62
05/07/2025
282
South African Rand
SELL
    394,627
19.11
05/07/2025
10,549
South African Rand
SELL
    392,143
19.36
05/07/2025
15,720
South African Rand
SELL
    391,677
19.38
05/07/2025
16,185
South African Rand
SELL
    391,173
19.40
05/07/2025
16,690
South African Rand
SELL
    386,529
19.64
05/07/2025
21,333
South African Rand
SELL
    169,117
18.92
05/07/2025
2,787
South African Rand
SELL
    167,765
19.43
05/07/2025
7,417
South African Rand
SELL
     63,880
18.94
05/07/2025
1,141
South African Rand
SELL
     46,117
18.87
05/07/2025
634
South Korean Won
BUY
    803,825
1,419.61
05/07/2025
1,074
South Korean Won
SELL
  1,561,014
1,441.71
05/07/2025
22,205
South Korean Won
SELL
    632,249
1,448.39
05/07/2025
11,964
South Korean Won
SELL
    334,746
1,447.81
05/07/2025
6,193
South Korean Won
SELL
    333,824
1,451.80
05/07/2025
7,116
South Korean Won
SELL
    294,374
1,461.01
05/07/2025
8,180
South Korean Won
SELL
    226,870
1,462.50
05/07/2025
6,545
South Korean Won
SELL
    167,206
1,459.34
05/07/2025
4,451
The accompanying notes are an integral part of the consolidated financial statements.
34

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Forward Currency Contracts (continued)
Currency
 
Total
Contract Value
Contract
Price
Delivery
Date
Unrealized
Appreciation
South Korean Won
SELL
    $129,112
1,422.09
05/07/2025
         $54
South Korean Won
SELL
     97,183
1,469.70
05/07/2025
3,295
South Korean Won
SELL
     86,623
1,433.12
05/07/2025
708
South Korean Won
SELL
     17,842
1,470.67
05/07/2025
617
South Korean Won
SELL
        424
1,437.61
05/07/2025
5
Swedish Krona
BUY
     54,723
9.50
05/07/2025
802
Swedish Krona
BUY
     82,340
9.59
05/07/2025
422
Swedish Krona
BUY
     89,662
9.59
05/07/2025
485
Swedish Krona
BUY
    112,023
9.64
05/07/2025
33
Swedish Krona
BUY
    149,456
9.63
05/07/2025
136
Swedish Krona
BUY
    159,232
9.61
05/07/2025
476
Swedish Krona
BUY
    169,280
9.57
05/07/2025
1,296
Swedish Krona
BUY
    477,874
9.61
05/07/2025
1,502
Swedish Krona
BUY
    637,491
9.61
05/07/2025
2,364
Swedish Krona
BUY
      3,027
9.58
05/30/2025
16
Swedish Krona
BUY
     13,361
9.58
05/30/2025
70
Swedish Krona
BUY
     16,492
9.58
05/30/2025
86
Swedish Krona
BUY
     73,131
9.57
05/30/2025
444
Swedish Krona
BUY
    854,893
9.58
05/30/2025
4,449
Swedish Krona
BUY
      3,130
9.58
06/03/2025
14
Swedish Krona
BUY
    760,407
9.58
06/03/2025
3,442
Swedish Krona
BUY
  3,999,230
9.58
06/03/2025
18,101
Swedish Krona
SELL
    225,497
9.89
05/07/2025
5,742
Swedish Krona
SELL
    214,872
9.77
05/07/2025
2,886
Swedish Krona
SELL
    189,507
9.66
05/07/2025
254
Swedish Krona
SELL
    188,951
9.84
05/07/2025
3,920
Swedish Krona
SELL
    175,793
9.95
05/07/2025
5,672
Swedish Krona
SELL
    152,132
9.99
05/07/2025
5,484
Swedish Krona
SELL
    149,384
9.97
05/07/2025
5,120
Swedish Krona
SELL
    148,915
9.74
05/07/2025
1,442
Swedish Krona
SELL
    138,521
10.03
05/07/2025
5,614
Swedish Krona
SELL
    135,521
9.81
05/07/2025
2,393
Swedish Krona
SELL
    126,825
9.78
05/07/2025
1,756
Swedish Krona
SELL
    119,551
10.04
05/07/2025
4,882
Swedish Krona
SELL
    115,060
9.65
05/07/2025
41
Swedish Krona
SELL
    114,666
9.77
05/07/2025
1,471
Swedish Krona
SELL
    114,646
9.77
05/07/2025
1,492
Swedish Krona
SELL
    113,659
9.77
05/07/2025
1,442
Swedish Krona
SELL
    113,241
9.89
05/07/2025
2,897
Swedish Krona
SELL
    112,944
9.92
05/07/2025
3,194
Swedish Krona
SELL
    111,616
9.94
05/07/2025
3,485
Swedish Krona
SELL
    111,225
9.98
05/07/2025
3,875
Swedish Krona
SELL
    111,101
9.99
05/07/2025
4,000
Swedish Krona
SELL
     96,182
9.77
05/07/2025
1,291
Swedish Krona
SELL
     88,980
9.89
05/07/2025
2,271
Swedish Krona
SELL
     88,906
9.79
05/07/2025
1,308
The accompanying notes are an integral part of the consolidated financial statements.
35

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Forward Currency Contracts (continued)
Currency
 
Total
Contract Value
Contract
Price
Delivery
Date
Unrealized
Appreciation
Swedish Krona
SELL
     $88,163
9.87
05/07/2025
      $2,051
Swedish Krona
SELL
     82,757
9.79
05/07/2025
1,235
Swedish Krona
SELL
     80,899
9.89
05/07/2025
2,057
Swedish Krona
SELL
     80,452
9.70
05/07/2025
430
Swedish Krona
SELL
     80,330
9.96
05/07/2025
2,625
Swedish Krona
SELL
     79,441
9.69
05/07/2025
404
Swedish Krona
SELL
     48,424
9.91
05/07/2025
1,349
Swedish Krona
SELL
     35,861
10.04
05/07/2025
1,469
Swedish Krona
SELL
     94,405
9.66
05/30/2025
296
Swiss Franc
BUY
      9,747
1.22
05/07/2025
9
Swiss Franc
BUY
     75,524
1.22
05/07/2025
57
Swiss Franc
BUY
     80,469
1.24
05/07/2025
1,351
Swiss Franc
BUY
     86,118
1.23
05/07/2025
914
Swiss Franc
BUY
     91,452
1.22
05/07/2025
162
Swiss Franc
BUY
     92,256
1.23
05/07/2025
966
Swiss Franc
BUY
     98,376
1.23
05/07/2025
1,000
Swiss Franc
BUY
    109,565
1.22
05/07/2025
16
Swiss Franc
BUY
    110,641
1.23
05/07/2025
1,093
Swiss Franc
BUY
    182,873
1.22
05/07/2025
292
Swiss Franc
BUY
    219,797
1.22
05/07/2025
700
Swiss Franc
BUY
    399,199
1.23
05/07/2025
3,607
Swiss Franc
BUY
    801,069
1.22
05/07/2025
3,800
Swiss Franc
BUY
     30,915
1.24
06/18/2025
330
Swiss Franc
SELL
  5,023,214
1.14
05/07/2025
344,663
Swiss Franc
SELL
  1,210,770
1.19
05/07/2025
30,780
Swiss Franc
SELL
  1,035,397
1.14
05/07/2025
71,043
Swiss Franc
SELL
    191,040
1.16
05/07/2025
9,799
Swiss Franc
SELL
    187,132
1.17
05/07/2025
7,621
Swiss Franc
SELL
    170,994
1.14
05/07/2025
11,587
Swiss Franc
SELL
    170,000
1.17
05/07/2025
6,495
Swiss Franc
SELL
    159,303
1.14
05/07/2025
11,106
Swiss Franc
SELL
    116,130
1.16
05/07/2025
5,590
Swiss Franc
SELL
    115,154
1.21
05/07/2025
480
Swiss Franc
SELL
    115,093
1.15
05/07/2025
6,627
Swiss Franc
SELL
    115,027
1.21
05/07/2025
607
Swiss Franc
SELL
    113,194
1.19
05/07/2025
2,440
Swiss Franc
SELL
    112,995
1.19
05/07/2025
2,640
Swiss Franc
SELL
    112,896
1.19
05/07/2025
2,738
Swiss Franc
SELL
    111,251
1.17
05/07/2025
4,383
Swiss Franc
SELL
     95,394
1.19
05/07/2025
1,983
Swiss Franc
SELL
     89,412
1.19
05/07/2025
1,878
Swiss Franc
SELL
     89,395
1.19
05/07/2025
1,895
Swiss Franc
SELL
    284,583
1.21
05/30/2025
2,254
Swiss Franc
SELL
    107,116
1.21
05/30/2025
783
Swiss Franc
SELL
     54,497
1.21
05/30/2025
429
Swiss Franc
SELL
     48,756
1.22
05/30/2025
67
The accompanying notes are an integral part of the consolidated financial statements.
36

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Forward Currency Contracts (continued)
Currency
 
Total
Contract Value
Contract
Price
Delivery
Date
Unrealized
Appreciation
Thai Baht
SELL
    $583,038
33.84
05/07/2025
      $7,637
Thai Baht
SELL
    449,685
34.14
05/07/2025
9,861
Thai Baht
SELL
    416,542
33.43
05/07/2025
343
Thai Baht
SELL
    416,231
33.46
05/07/2025
654
Thai Baht
SELL
    184,155
33.45
05/07/2025
262
Thai Baht
SELL
    121,980
33.94
05/07/2025
1,963
Thai Baht
SELL
    121,809
33.99
05/07/2025
2,133
Thai Baht
SELL
    121,384
33.94
05/07/2025
1,961
Thai Baht
SELL
     97,082
33.58
05/07/2025
516
Thai Baht
SELL
     80,808
34.77
05/07/2025
3,317
Thai Baht
SELL
     10,155
33.48
05/07/2025
24
Thai Baht
SELL
        586
34.12
05/07/2025
13
Total Unrealized Appreciation on Forward Currency Contracts
  $4,752,535
Currency
 
Total
Contract Value
Contract
Price
Delivery
Date
Unrealized
Depreciation
Australian Dollar
BUY
      $5,736
1.57
05/07/2025
        $(22)
Australian Dollar
BUY
     11,964
1.59
05/07/2025
(194)
Australian Dollar
BUY
     25,479
1.65
05/07/2025
(1,396)
Australian Dollar
BUY
     27,475
1.57
05/07/2025
(40)
Australian Dollar
BUY
     48,560
1.59
05/07/2025
(710)
Australian Dollar
BUY
     67,081
1.57
05/07/2025
(106)
Australian Dollar
BUY
     82,275
1.58
05/07/2025
(909)
Australian Dollar
BUY
     82,776
1.57
05/07/2025
(407)
Australian Dollar
BUY
     82,822
1.57
05/07/2025
(362)
Australian Dollar
BUY
     87,164
1.66
05/07/2025
(5,618)
Australian Dollar
BUY
     87,497
1.66
05/07/2025
(5,285)
Australian Dollar
BUY
     95,170
1.58
05/07/2025
(811)
Australian Dollar
BUY
    101,877
1.57
05/07/2025
(503)
Australian Dollar
BUY
    102,056
1.57
05/07/2025
(324)
Australian Dollar
BUY
    109,212
1.60
05/07/2025
(2,766)
Australian Dollar
BUY
    111,256
1.66
05/07/2025
(7,121)
Australian Dollar
BUY
    111,866
1.56
05/07/2025
(112)
Australian Dollar
BUY
    114,172
1.62
05/07/2025
(4,205)
Australian Dollar
BUY
    118,592
1.60
05/07/2025
(2,985)
Australian Dollar
BUY
    134,330
1.56
05/07/2025
(43)
Australian Dollar
BUY
    139,726
1.61
05/07/2025
(4,247)
Australian Dollar
BUY
    145,927
1.58
05/07/2025
(1,245)
Australian Dollar
BUY
    150,233
1.56
05/07/2025
(138)
Australian Dollar
BUY
    153,219
1.59
05/07/2025
(2,271)
Australian Dollar
BUY
    162,691
1.60
05/07/2025
(3,677)
Australian Dollar
BUY
    166,957
1.62
05/07/2025
(5,809)
Australian Dollar
BUY
    168,998
1.57
05/07/2025
(569)
Australian Dollar
BUY
    184,379
1.57
05/07/2025
(1,185)
Australian Dollar
BUY
    201,151
1.59
05/07/2025
(3,610)
The accompanying notes are an integral part of the consolidated financial statements.
37

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Forward Currency Contracts (continued)
Currency
 
Total
Contract Value
Contract
Price
Delivery
Date
Unrealized
Depreciation
Australian Dollar
BUY
    $203,378
1.60
05/07/2025
     $(4,581)
Australian Dollar
BUY
    256,605
1.60
05/07/2025
(5,744)
Australian Dollar
BUY
    311,663
1.65
05/07/2025
(17,873)
Australian Dollar
BUY
    326,457
1.65
05/07/2025
(19,076)
Australian Dollar
BUY
      7,677
1.56
05/30/2025
(3)
Australian Dollar
BUY
      9,597
1.56
05/30/2025
(4)
Australian Dollar
BUY
     16,314
1.56
05/30/2025
(7)
Australian Dollar
BUY
     34,228
1.56
05/30/2025
(14)
Australian Dollar
BUY
      3,118
1.60
06/18/2025
(83)
Australian Dollar
BUY
      6,283
1.59
06/18/2025
(119)
Australian Dollar
BUY
      9,439
1.59
06/18/2025
(164)
Australian Dollar
BUY
     94,386
1.59
06/18/2025
(1,640)
Australian Dollar
SELL
    128,523
1.56
05/07/2025
(548)
Australian Dollar
SELL
    112,269
1.56
05/07/2025
(290)
Australian Dollar
SELL
     83,321
1.56
05/07/2025
(137)
Australian Dollar
SELL
     80,013
1.56
05/07/2025
(28)
Australian Dollar
SELL
    108,828
1.56
06/03/2025
(18)
Brazilian Real
BUY
      4,342
5.76
05/05/2025
(74)
Brazilian Real
BUY
      5,256
5.71
05/05/2025
(43)
Brazilian Real
BUY
     14,128
5.66
05/05/2025
(3)
Brazilian Real
BUY
     46,983
5.85
05/05/2025
(1,592)
Brazilian Real
BUY
     59,100
5.75
05/05/2025
(956)
Brazilian Real
BUY
     65,901
5.92
05/05/2025
(2,987)
Brazilian Real
BUY
     81,475
5.83
05/05/2025
(2,426)
Brazilian Real
BUY
     89,113
5.78
05/05/2025
(1,854)
Brazilian Real
BUY
    148,162
5.77
05/05/2025
(2,860)
Brazilian Real
BUY
    205,278
5.92
05/05/2025
(9,333)
Brazilian Real
BUY
    358,047
5.73
05/05/2025
(4,054)
Brazilian Real
BUY
    637,704
5.77
05/05/2025
(12,312)
Brazilian Real
BUY
  1,334,216
5.66
05/05/2025
(259)
Brazilian Real
BUY
    444,386
5.73
05/30/2025
(2,675)
Brazilian Real
BUY
      2,577
5.82
06/18/2025
(46)
Brazilian Real
BUY
      4,282
5.84
06/18/2025
(89)
Brazilian Real
BUY
     62,124
5.96
06/18/2025
(2,570)
Brazilian Real
SELL
  1,324,956
5.70
06/03/2025
(223)
Brazilian Real
SELL
     14,030
5.70
06/03/2025
(2)
Canadian Dollar
BUY
     23,090
1.43
05/07/2025
(808)
Canadian Dollar
BUY
     72,433
1.44
05/07/2025
(2,881)
Canadian Dollar
BUY
     72,451
1.44
05/07/2025
(2,863)
Canadian Dollar
BUY
     72,479
1.43
05/07/2025
(2,835)
Canadian Dollar
BUY
     79,629
1.38
05/07/2025
(30)
Canadian Dollar
BUY
     82,832
1.39
05/07/2025
(447)
Canadian Dollar
BUY
     94,122
1.43
05/07/2025
(3,642)
Canadian Dollar
BUY
     96,097
1.40
05/07/2025
(1,666)
Canadian Dollar
BUY
    108,689
1.44
05/07/2025
(4,282)
Canadian Dollar
BUY
    113,452
1.41
05/07/2025
(2,416)
The accompanying notes are an integral part of the consolidated financial statements.
38

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Forward Currency Contracts (continued)
Currency
 
Total
Contract Value
Contract
Price
Delivery
Date
Unrealized
Depreciation
Canadian Dollar
BUY
    $130,069
1.38
05/07/2025
       $(282)
Canadian Dollar
BUY
    140,726
1.39
05/07/2025
(488)
Canadian Dollar
BUY
    149,492
1.40
05/07/2025
(2,584)
Canadian Dollar
BUY
    160,838
1.43
05/07/2025
(5,722)
Canadian Dollar
BUY
    176,803
1.39
05/07/2025
(619)
Canadian Dollar
BUY
    177,649
1.44
05/07/2025
(7,015)
Canadian Dollar
BUY
    183,773
1.39
05/07/2025
(891)
Canadian Dollar
BUY
    187,532
1.41
05/07/2025
(4,374)
Canadian Dollar
BUY
    188,748
1.43
05/07/2025
(6,778)
Canadian Dollar
BUY
    191,506
1.44
05/07/2025
(7,642)
Canadian Dollar
BUY
    198,330
1.39
05/07/2025
(817)
Canadian Dollar
BUY
    398,201
1.44
05/07/2025
(16,025)
Canadian Dollar
BUY
    757,825
1.43
05/07/2025
(25,729)
Canadian Dollar
BUY
  4,170,840
1.43
05/07/2025
(141,606)
Canadian Dollar
BUY
      6,572
1.38
05/30/2025
(26)
Canadian Dollar
BUY
     48,385
1.38
05/30/2025
(190)
Canadian Dollar
BUY
     10,462
1.43
06/18/2025
(424)
Canadian Dollar
BUY
     17,561
1.42
06/18/2025
(581)
Canadian Dollar
BUY
     32,499
1.38
06/18/2025
(158)
Canadian Dollar
BUY
     63,136
1.43
06/18/2025
(2,176)
Canadian Dollar
BUY
    111,556
1.43
06/18/2025
(4,555)
Canadian Dollar
BUY
    170,821
1.43
06/18/2025
(6,976)
Canadian Dollar
SELL
    112,302
1.38
05/07/2025
(56)
Canadian Dollar
SELL
    112,265
1.38
05/07/2025
(18)
Chilean Peso
BUY
     28,475
983.32
05/07/2025
(800)
Chilean Peso
BUY
    168,307
970.25
05/07/2025
(2,432)
Chilean Peso
SELL
    234,633
943.60
05/07/2025
(3,148)
Chilean Peso
SELL
    208,009
936.50
05/07/2025
(4,335)
Chilean Peso
SELL
    132,040
953.50
05/07/2025
(405)
Chilean Peso
SELL
     29,598
946.00
05/07/2025
(323)
Chilean Peso
SELL
    433,439
946.21
06/03/2025
(4,720)
Chinese Yuan Renminbi
BUY
     26,042
7.30
05/07/2025
(81)
Chinese Yuan Renminbi
BUY
     88,900
7.29
05/07/2025
(195)
Chinese Yuan Renminbi
BUY
     96,269
7.29
05/07/2025
(250)
Chinese Yuan Renminbi
BUY
    124,762
7.29
05/07/2025
(355)
Chinese Yuan Renminbi
BUY
    133,074
7.30
05/07/2025
(567)
Chinese Yuan Renminbi
BUY
    183,958
7.30
05/07/2025
(692)
Chinese Yuan Renminbi
BUY
    186,066
7.35
05/07/2025
(1,884)
Chinese Yuan Renminbi
BUY
    186,959
7.31
05/07/2025
(991)
Chinese Yuan Renminbi
BUY
    245,457
7.35
05/07/2025
(2,577)
Chinese Yuan Renminbi
BUY
    289,612
7.29
05/07/2025
(494)
Chinese Yuan Renminbi
BUY
    449,710
7.36
05/07/2025
(5,660)
Chinese Yuan Renminbi
SELL
    282,710
7.26
05/07/2025
(441)
Chinese Yuan Renminbi
SELL
    262,209
7.26
05/07/2025
(563)
Chinese Yuan Renminbi
SELL
    242,792
7.26
05/07/2025
(395)
Chinese Yuan Renminbi
SELL
    137,534
7.26
05/07/2025
(317)
The accompanying notes are an integral part of the consolidated financial statements.
39

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Forward Currency Contracts (continued)
Currency
 
Total
Contract Value
Contract
Price
Delivery
Date
Unrealized
Depreciation
Chinese Yuan Renminbi
SELL
    $122,799
7.26
05/07/2025
       $(294)
Chinese Yuan Renminbi
SELL
    122,316
7.26
05/07/2025
(224)
Chinese Yuan Renminbi
SELL
     98,084
7.25
05/07/2025
(328)
Chinese Yuan Renminbi
SELL
     88,806
7.26
05/07/2025
(124)
Chinese Yuan Renminbi
SELL
    501,055
7.25
06/03/2025
(365)
Colombian Peso
BUY
    173,184
4,378.09
05/07/2025
(6,266)
Colombian Peso
SELL
  1,214,899
4,160.08
05/07/2025
(18,701)
Colombian Peso
SELL
    104,618
4,135.99
05/07/2025
(2,207)
Colombian Peso
SELL
  1,367,266
4,213.36
06/03/2025
(9,402)
Czech Koruna
BUY
     53,585
22.77
05/07/2025
(2,019)
Czech Koruna
BUY
     54,547
22.00
05/07/2025
(146)
Czech Koruna
BUY
     71,251
22.96
05/07/2025
(3,313)
Czech Koruna
BUY
     84,177
23.12
05/07/2025
(4,516)
Czech Koruna
BUY
     88,481
23.06
05/07/2025
(4,495)
Czech Koruna
BUY
     98,789
23.12
05/07/2025
(5,309)
Czech Koruna
BUY
    121,567
23.11
05/07/2025
(6,504)
Czech Koruna
BUY
    122,007
23.11
05/07/2025
(6,520)
Czech Koruna
BUY
    146,165
22.17
05/07/2025
(1,504)
Czech Koruna
BUY
    154,607
22.77
05/07/2025
(5,823)
Czech Koruna
BUY
    318,044
22.86
05/07/2025
(13,299)
Czech Koruna
SELL
    362,805
21.87
05/07/2025
(1,108)
Czech Koruna
SELL
    427,219
21.86
06/03/2025
(1,301)
Danish Krone
BUY
     35,001
6.86
06/18/2025
(1,671)
Danish Krone
SELL
    123,906
6.54
05/28/2025
(322)
Euro
BUY
      8,846
0.90
05/07/2025
(249)
Euro
BUY
     22,660
0.93
05/07/2025
(1,214)
Euro
BUY
     23,222
0.90
05/07/2025
(653)
Euro
BUY
     23,890
0.91
05/07/2025
(780)
Euro
BUY
     26,309
0.91
05/07/2025
(976)
Euro
BUY
     26,840
0.88
05/07/2025
(104)
Euro
BUY
     34,057
0.88
05/07/2025
(50)
Euro
BUY
     35,230
0.91
05/07/2025
(1,151)
Euro
BUY
     36,688
0.93
05/07/2025
(1,966)
Euro
BUY
     37,492
0.88
05/07/2025
(26)
Euro
BUY
     40,912
0.88
05/07/2025
(16)
Euro
BUY
     41,312
0.90
05/07/2025
(866)
Euro
BUY
     42,003
0.88
05/07/2025
(61)
Euro
BUY
     43,154
0.88
05/07/2025
(48)
Euro
BUY
     47,029
0.91
05/07/2025
(1,857)
Euro
BUY
     48,569
0.89
05/07/2025
(317)
Euro
BUY
     50,038
0.92
05/07/2025
(2,259)
Euro
BUY
     56,780
0.90
05/07/2025
(1,202)
Euro
BUY
     58,123
0.91
05/07/2025
(2,132)
Euro
BUY
     72,204
0.91
05/07/2025
(2,831)
Euro
BUY
     76,882
0.88
05/07/2025
(426)
Euro
BUY
     81,322
0.91
05/07/2025
(2,808)
The accompanying notes are an integral part of the consolidated financial statements.
40

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Forward Currency Contracts (continued)
Currency
 
Total
Contract Value
Contract
Price
Delivery
Date
Unrealized
Depreciation
Euro
BUY
     $81,590
0.91
05/07/2025
     $(2,540)
Euro
BUY
     81,736
0.88
05/07/2025
(120)
Euro
BUY
     81,886
0.90
05/07/2025
(2,244)
Euro
BUY
     81,945
0.90
05/07/2025
(2,185)
Euro
BUY
     81,967
0.90
05/07/2025
(2,163)
Euro
BUY
     81,975
0.90
05/07/2025
(2,155)
Euro
BUY
     82,493
0.90
05/07/2025
(1,637)
Euro
BUY
     82,749
0.91
05/07/2025
(2,518)
Euro
BUY
     82,915
0.89
05/07/2025
(1,214)
Euro
BUY
     82,989
0.89
05/07/2025
(1,140)
Euro
BUY
     82,993
0.90
05/07/2025
(2,274)
Euro
BUY
     83,012
0.89
05/07/2025
(1,118)
Euro
BUY
     83,071
0.90
05/07/2025
(2,195)
Euro
BUY
     83,782
0.88
05/07/2025
(348)
Euro
BUY
     84,022
0.88
05/07/2025
(107)
Euro
BUY
     84,297
0.90
05/07/2025
(2,106)
Euro
BUY
     84,302
0.90
05/07/2025
(2,101)
Euro
BUY
     84,508
0.90
05/07/2025
(1,896)
Euro
BUY
     87,743
0.91
05/07/2025
(3,208)
Euro
BUY
     88,729
0.92
05/07/2025
(4,495)
Euro
BUY
     90,766
0.90
05/07/2025
(2,458)
Euro
BUY
     91,140
0.92
05/07/2025
(4,358)
Euro
BUY
     92,631
0.89
05/07/2025
(594)
Euro
BUY
     95,466
0.88
05/07/2025
(33)
Euro
BUY
     96,303
0.91
05/07/2025
(3,743)
Euro
BUY
     96,604
0.88
05/07/2025
(31)
Euro
BUY
     96,605
0.88
05/07/2025
(31)
Euro
BUY
     96,630
0.88
05/07/2025
(6)
Euro
BUY
     96,745
0.91
05/07/2025
(3,301)
Euro
BUY
    104,745
0.91
05/07/2025
(3,260)
Euro
BUY
    105,511
0.92
05/07/2025
(4,767)
Euro
BUY
    109,544
0.89
05/07/2025
(734)
Euro
BUY
    110,085
0.88
05/07/2025
(193)
Euro
BUY
    110,091
0.88
05/07/2025
(187)
Euro
BUY
    110,762
0.91
05/07/2025
(4,063)
Euro
BUY
    111,003
0.91
05/07/2025
(3,823)
Euro
BUY
    111,762
0.92
05/07/2025
(5,338)
Euro
BUY
    112,929
0.90
05/07/2025
(3,034)
Euro
BUY
    113,670
0.88
05/07/2025
(19)
Euro
BUY
    114,637
0.92
05/07/2025
(5,873)
Euro
BUY
    122,686
0.92
05/07/2025
(5,782)
Euro
BUY
    138,165
0.88
05/07/2025
(535)
Euro
BUY
    142,392
0.92
05/07/2025
(6,540)
Euro
BUY
    145,238
0.92
05/07/2025
(7,105)
Euro
BUY
    145,644
0.92
05/07/2025
(6,699)
Euro
BUY
    148,936
0.91
05/07/2025
(5,681)
The accompanying notes are an integral part of the consolidated financial statements.
41

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Forward Currency Contracts (continued)
Currency
 
Total
Contract Value
Contract
Price
Delivery
Date
Unrealized
Depreciation
Euro
BUY
    $162,099
0.88
05/07/2025
       $(476)
Euro
BUY
    170,263
0.92
05/07/2025
(8,229)
Euro
BUY
    179,717
0.92
05/07/2025
(9,007)
Euro
BUY
    185,206
0.91
05/07/2025
(5,791)
Euro
BUY
    188,044
0.92
05/07/2025
(8,637)
Euro
BUY
    202,341
0.92
05/07/2025
(10,257)
Euro
BUY
    203,942
0.93
05/07/2025
(10,930)
Euro
BUY
    212,840
0.92
05/07/2025
(9,990)
Euro
BUY
    227,118
0.90
05/07/2025
(4,806)
Euro
BUY
    242,190
0.92
05/07/2025
(12,473)
Euro
BUY
    249,262
0.93
05/07/2025
(13,359)
Euro
BUY
    262,674
0.92
05/07/2025
(12,453)
Euro
BUY
    301,191
0.91
05/07/2025
(9,179)
Euro
BUY
    302,136
0.93
05/07/2025
(16,192)
Euro
BUY
    398,446
0.91
05/07/2025
(13,107)
Euro
BUY
    399,372
0.91
05/07/2025
(12,181)
Euro
BUY
    399,625
0.91
05/07/2025
(11,928)
Euro
BUY
    399,916
0.91
05/07/2025
(11,637)
Euro
BUY
    470,903
0.90
05/07/2025
(11,137)
Euro
BUY
    470,946
0.90
05/07/2025
(11,094)
Euro
BUY
    628,387
0.90
05/07/2025
(12,817)
Euro
BUY
    637,157
0.92
05/07/2025
(32,469)
Euro
BUY
    752,966
0.91
05/07/2025
(28,076)
Euro
BUY
    792,436
0.91
05/07/2025
(30,670)
Euro
BUY
    810,882
0.90
05/07/2025
(21,319)
Euro
BUY
    811,838
0.90
05/07/2025
(21,500)
Euro
BUY
    826,101
0.90
05/07/2025
(18,606)
Euro
BUY
  1,200,381
0.90
05/07/2025
(32,004)
Euro
BUY
  1,225,742
0.91
05/07/2025
(40,750)
Euro
BUY
  1,587,618
0.91
05/07/2025
(58,595)
Euro
BUY
  1,597,183
0.91
05/07/2025
(61,535)
Euro
BUY
  5,362,916
0.93
05/07/2025
(287,413)
Euro
BUY
     12,481
0.88
05/30/2025
(42)
Euro
BUY
     14,751
0.88
05/30/2025
(49)
Euro
BUY
     61,459
0.88
05/30/2025
(18)
Euro
BUY
    252,334
0.88
05/30/2025
(405)
Euro
BUY
    531,374
0.88
05/30/2025
(1,768)
Euro
BUY
      4,340
0.92
06/18/2025
(220)
Euro
BUY
      4,390
0.91
06/18/2025
(169)
Euro
BUY
      8,978
0.89
06/18/2025
(140)
Euro
BUY
     12,030
0.91
06/18/2025
(508)
Euro
BUY
     59,140
0.91
06/18/2025
(2,410)
Euro
BUY
    225,560
0.92
06/18/2025
(11,521)
Euro
SELL
  8,010,304
0.88
05/07/2025
(27,083)
Euro
SELL
    401,900
0.88
05/07/2025
(579)
Euro
SELL
    241,292
0.88
05/07/2025
(272)
The accompanying notes are an integral part of the consolidated financial statements.
42

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Forward Currency Contracts (continued)
Currency
 
Total
Contract Value
Contract
Price
Delivery
Date
Unrealized
Depreciation
Euro
SELL
    $142,450
0.88
05/07/2025
       $(339)
Euro
SELL
    138,030
0.88
05/07/2025
(467)
Euro
SELL
    131,905
0.88
05/07/2025
(26)
Euro
SELL
    113,301
0.87
05/07/2025
(749)
Euro
SELL
    113,095
0.88
05/07/2025
(543)
Euro
SELL
    111,772
0.88
05/07/2025
(357)
Euro
SELL
    106,854
0.87
05/07/2025
(1,123)
Euro
SELL
    100,385
0.88
05/07/2025
(339)
Euro
SELL
     99,100
0.88
05/07/2025
(191)
Euro
SELL
     92,567
0.88
05/07/2025
(479)
Euro
SELL
     90,309
0.87
05/07/2025
(495)
Euro
SELL
     88,684
0.88
05/07/2025
(6)
Euro
SELL
     88,520
0.87
05/07/2025
(979)
Euro
SELL
     88,266
0.87
05/07/2025
(726)
Euro
SELL
     81,986
0.88
05/07/2025
(130)
Euro
SELL
     77,457
0.88
05/07/2025
(148)
Euro
SELL
     53,716
0.88
05/07/2025
(282)
Euro
SELL
     53,472
0.88
05/07/2025
(39)
Euro
SELL
     46,708
0.88
05/07/2025
(96)
Euro
SELL
     22,785
0.88
05/07/2025
(47)
Euro
SELL
     19,709
0.88
05/07/2025
(41)
Euro
SELL
      8,000
0.88
05/07/2025
(42)
Euro
SELL
      7,318
0.87
05/07/2025
(42)
Euro
SELL
      4,563
0.88
05/07/2025
(15)
Euro
SELL
      1,141
0.88
05/07/2025
(4)
Euro
SELL
  4,661,902
0.88
05/30/2025
(10,601)
Euro
SELL
    690,180
0.88
05/30/2025
(1,410)
Euro
SELL
    158,607
0.88
05/30/2025
(361)
Euro
SELL
    127,798
0.88
05/30/2025
(291)
Euro
SELL
     82,395
0.87
05/30/2025
(426)
Euro
SELL
     75,239
0.88
05/30/2025
(101)
Euro
SELL
     67,322
0.88
05/30/2025
(153)
Euro
SELL
     60,376
0.88
05/30/2025
(38)
Euro
SELL
  1,569,930
0.88
06/03/2025
(5,307)
Euro
SELL
    171,390
0.88
06/03/2025
(579)
Euro
SELL
     95,978
0.88
06/03/2025
(324)
Euro
SELL
     43,419
0.88
06/03/2025
(147)
Euro
SELL
     36,563
0.88
06/03/2025
(124)
Euro
SELL
     76,172
0.87
06/18/2025
(944)
Great Britain Pound
BUY
     12,004
0.75
05/07/2025
(18)
Great Britain Pound
BUY
     12,914
0.77
05/07/2025
(443)
Great Britain Pound
BUY
     16,005
0.75
05/07/2025
(24)
Great Britain Pound
BUY
     19,785
0.76
05/07/2025
(251)
Great Britain Pound
BUY
     21,104
0.76
05/07/2025
(268)
Great Britain Pound
BUY
     37,450
0.77
05/07/2025
(1,285)
Great Britain Pound
BUY
     43,364
0.78
05/07/2025
(2,050)
The accompanying notes are an integral part of the consolidated financial statements.
43

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Forward Currency Contracts (continued)
Currency
 
Total
Contract Value
Contract
Price
Delivery
Date
Unrealized
Depreciation
Great Britain Pound
BUY
     $46,490
0.77
05/07/2025
     $(1,595)
Great Britain Pound
BUY
     54,238
0.77
05/07/2025
(1,861)
Great Britain Pound
BUY
     80,821
0.75
05/07/2025
(656)
Great Britain Pound
BUY
     81,173
0.75
05/07/2025
(304)
Great Britain Pound
BUY
     82,136
0.77
05/07/2025
(2,013)
Great Britain Pound
BUY
     82,526
0.76
05/07/2025
(1,623)
Great Britain Pound
BUY
     82,640
0.77
05/07/2025
(2,845)
Great Britain Pound
BUY
     82,950
0.76
05/07/2025
(1,198)
Great Britain Pound
BUY
     88,674
0.76
05/07/2025
(817)
Great Britain Pound
BUY
     88,903
0.75
05/07/2025
(589)
Great Britain Pound
BUY
     89,283
0.78
05/07/2025
(4,216)
Great Britain Pound
BUY
     96,356
0.76
05/07/2025
(1,150)
Great Britain Pound
BUY
    102,130
0.75
05/07/2025
(719)
Great Britain Pound
BUY
    103,852
0.75
05/07/2025
(332)
Great Britain Pound
BUY
    104,583
0.78
05/07/2025
(4,943)
Great Britain Pound
BUY
    110,497
0.76
05/07/2025
(1,701)
Great Britain Pound
BUY
    111,151
0.78
05/07/2025
(5,055)
Great Britain Pound
BUY
    111,182
0.78
05/07/2025
(5,024)
Great Britain Pound
BUY
    111,196
0.78
05/07/2025
(5,009)
Great Britain Pound
BUY
    111,269
0.78
05/07/2025
(4,937)
Great Britain Pound
BUY
    111,270
0.78
05/07/2025
(4,936)
Great Britain Pound
BUY
    112,047
0.78
05/07/2025
(4,158)
Great Britain Pound
BUY
    112,387
0.77
05/07/2025
(3,818)
Great Britain Pound
BUY
    112,560
0.77
05/07/2025
(3,646)
Great Britain Pound
BUY
    121,329
0.77
05/07/2025
(4,226)
Great Britain Pound
BUY
    122,877
0.77
05/07/2025
(4,014)
Great Britain Pound
BUY
    125,784
0.76
05/07/2025
(1,107)
Great Britain Pound
BUY
    139,380
0.76
05/07/2025
(2,204)
Great Britain Pound
BUY
    146,132
0.75
05/07/2025
(795)
Great Britain Pound
BUY
    146,452
0.76
05/07/2025
(1,810)
Great Britain Pound
BUY
    149,181
0.78
05/07/2025
(5,759)
Great Britain Pound
BUY
    151,146
0.77
05/07/2025
(3,794)
Great Britain Pound
BUY
    167,107
0.76
05/07/2025
(2,526)
Great Britain Pound
BUY
    183,569
0.76
05/07/2025
(2,092)
Great Britain Pound
BUY
    184,250
0.75
05/07/2025
(1,411)
Great Britain Pound
BUY
    186,331
0.77
05/07/2025
(6,008)
Great Britain Pound
BUY
    186,628
0.78
05/07/2025
(7,047)
Great Britain Pound
BUY
    201,644
0.77
05/07/2025
(6,724)
Great Britain Pound
BUY
    214,331
0.76
05/07/2025
(2,051)
Great Britain Pound
BUY
    224,554
0.77
05/07/2025
(6,521)
Great Britain Pound
BUY
    243,155
0.77
05/07/2025
(7,955)
Great Britain Pound
BUY
    249,712
0.75
05/07/2025
(1,398)
Great Britain Pound
BUY
    262,389
0.77
05/07/2025
(8,757)
Great Britain Pound
BUY
    283,134
0.77
05/07/2025
(9,383)
Great Britain Pound
BUY
    421,794
0.77
05/07/2025
(13,642)
Great Britain Pound
BUY
    435,158
0.75
05/07/2025
(1,614)
The accompanying notes are an integral part of the consolidated financial statements.
44

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Forward Currency Contracts (continued)
Currency
 
Total
Contract Value
Contract
Price
Delivery
Date
Unrealized
Depreciation
Great Britain Pound
BUY
    $652,150
0.77
05/07/2025
    $(22,375)
Great Britain Pound
BUY
  2,737,739
0.77
05/07/2025
(93,930)
Great Britain Pound
BUY
      7,980
0.75
05/30/2025
(35)
Great Britain Pound
BUY
      9,320
0.75
05/30/2025
(31)
Great Britain Pound
BUY
     16,226
0.75
05/30/2025
(71)
Great Britain Pound
BUY
     21,303
0.75
05/30/2025
(70)
Great Britain Pound
BUY
    101,078
0.75
05/30/2025
(444)
Great Britain Pound
BUY
      3,895
0.77
06/18/2025
(113)
Great Britain Pound
BUY
      9,073
0.77
06/18/2025
(279)
Great Britain Pound
BUY
     14,217
0.77
06/18/2025
(478)
Great Britain Pound
BUY
     25,879
0.77
06/18/2025
(840)
Great Britain Pound
BUY
     31,651
0.76
06/18/2025
(412)
Great Britain Pound
BUY
     34,438
0.78
06/18/2025
(1,632)
Great Britain Pound
SELL
    284,377
0.75
05/07/2025
(1,210)
Great Britain Pound
SELL
    114,019
0.75
05/07/2025
(485)
Great Britain Pound
SELL
    105,622
0.75
05/07/2025
(102)
Great Britain Pound
SELL
     88,188
0.75
05/07/2025
(32)
Great Britain Pound
SELL
     45,608
0.75
05/07/2025
(194)
Great Britain Pound
SELL
      2,683
0.75
05/07/2025
(11)
Great Britain Pound
SELL
     53,394
0.75
06/03/2025
(227)
Hong Kong Dollar
BUY
      2,257
7.75
05/30/2025
(1)
Hong Kong Dollar
BUY
     18,700
7.75
05/30/2025
(4)
Hong Kong Dollar
BUY
     25,793
7.75
05/30/2025
(6)
Hong Kong Dollar
BUY
     37,400
7.75
05/30/2025
(9)
Hong Kong Dollar
BUY
      9,669
7.76
06/18/2025
(8)
Hong Kong Dollar
BUY
     59,917
7.76
06/18/2025
(83)
Hungarian Forint
BUY
     47,966
369.28
05/07/2025
(1,819)
Hungarian Forint
BUY
     54,893
362.52
05/07/2025
(1,039)
Hungarian Forint
BUY
     93,072
370.68
05/07/2025
(3,895)
Hungarian Forint
BUY
     94,137
373.93
05/07/2025
(4,798)
Hungarian Forint
BUY
     99,440
370.07
05/07/2025
(3,991)
Hungarian Forint
BUY
    109,744
359.93
05/07/2025
(1,276)
Hungarian Forint
BUY
    109,878
372.23
05/07/2025
(5,077)
Hungarian Forint
BUY
    111,970
358.13
05/07/2025
(736)
Hungarian Forint
BUY
    119,416
372.65
05/07/2025
(5,657)
Hungarian Forint
BUY
    122,065
372.75
05/07/2025
(5,819)
Hungarian Forint
BUY
    146,851
361.59
05/07/2025
(2,393)
Hungarian Forint
BUY
    178,803
371.92
05/07/2025
(8,105)
Hungarian Forint
BUY
    219,536
373.06
05/07/2025
(10,655)
Hungarian Forint
BUY
    272,366
368.99
05/07/2025
(10,102)
Hungarian Forint
BUY
    401,466
359.18
05/07/2025
(3,828)
Hungarian Forint
BUY
    808,918
366.54
05/07/2025
(24,435)
Hungarian Forint
BUY
  2,232,944
372.65
05/07/2025
(105,784)
Hungarian Forint
BUY
  4,318,564
372.65
05/07/2025
(204,589)
Hungarian Forint
SELL
  3,280,677
354.50
05/07/2025
(11,910)
Hungarian Forint
SELL
  1,727,898
354.50
05/07/2025
(6,273)
The accompanying notes are an integral part of the consolidated financial statements.
45

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Forward Currency Contracts (continued)
Currency
 
Total
Contract Value
Contract
Price
Delivery
Date
Unrealized
Depreciation
Hungarian Forint
SELL
    $386,581
354.50
05/07/2025
     $(1,403)
Indian Rupee
BUY
     75,911
85.89
05/07/2025
(1,229)
Indian Rupee
BUY
    156,327
85.27
05/07/2025
(1,384)
Indian Rupee
BUY
  1,221,871
85.41
05/07/2025
(12,844)
Indonesian Rupiah
BUY
     29,481
16,891.89
05/07/2025
(520)
Indonesian Rupiah
BUY
     78,183
16,603.02
05/07/2025
(12)
Indonesian Rupiah
BUY
    223,929
16,747.61
06/03/2025
(1,830)
Israeli Shekel
BUY
      4,592
3.70
05/07/2025
(79)
Israeli Shekel
BUY
     45,912
3.70
05/07/2025
(805)
Israeli Shekel
BUY
     54,689
3.75
05/07/2025
(1,647)
Israeli Shekel
BUY
     65,734
3.80
05/07/2025
(2,967)
Israeli Shekel
BUY
     79,229
3.66
05/07/2025
(465)
Israeli Shekel
BUY
     87,453
3.77
05/07/2025
(3,232)
Israeli Shekel
BUY
     94,704
3.75
05/07/2025
(2,852)
Israeli Shekel
BUY
    106,298
3.76
05/07/2025
(3,624)
Israeli Shekel
BUY
    109,691
3.69
05/07/2025
(1,606)
Israeli Shekel
BUY
    111,229
3.73
05/07/2025
(2,816)
Israeli Shekel
BUY
    132,576
3.70
05/07/2025
(2,079)
Israeli Shekel
BUY
    148,849
3.69
05/07/2025
(2,019)
Israeli Shekel
BUY
    149,108
3.68
05/07/2025
(1,760)
Israeli Shekel
BUY
    183,976
3.72
05/07/2025
(4,266)
Israeli Shekel
BUY
    261,113
3.75
05/07/2025
(7,647)
Israeli Shekel
BUY
    261,314
3.74
05/07/2025
(7,171)
Israeli Shekel
BUY
    367,727
3.70
05/07/2025
(6,009)
Israeli Shekel
BUY
    459,505
3.69
05/07/2025
(6,290)
Israeli Shekel
BUY
    594,971
3.69
05/07/2025
(9,052)
Israeli Shekel
SELL
  1,464,561
3.62
05/07/2025
(9,191)
Israeli Shekel
SELL
    110,090
3.63
05/07/2025
(168)
Israeli Shekel
SELL
      9,410
3.61
06/03/2025
(60)
Japanese Yen
BUY
     16,625
150.38
05/07/2025
(912)
Japanese Yen
BUY
     62,082
143.36
05/07/2025
(348)
Japanese Yen
BUY
     65,834
150.38
05/07/2025
(3,610)
Japanese Yen
BUY
     80,686
146.25
05/07/2025
(2,086)
Japanese Yen
BUY
     80,830
145.99
05/07/2025
(1,942)
Japanese Yen
BUY
     81,036
146.85
05/07/2025
(2,437)
Japanese Yen
BUY
     81,610
145.82
05/07/2025
(1,864)
Japanese Yen
BUY
     81,709
145.64
05/07/2025
(1,765)
Japanese Yen
BUY
     81,798
145.48
05/07/2025
(1,675)
Japanese Yen
BUY
     82,749
142.60
05/07/2025
(23)
Japanese Yen
BUY
     83,050
144.49
05/07/2025
(1,125)
Japanese Yen
BUY
     83,097
144.41
05/07/2025
(1,078)
Japanese Yen
BUY
     83,138
144.34
05/07/2025
(1,037)
Japanese Yen
BUY
     83,138
143.14
05/07/2025
(336)
Japanese Yen
BUY
     87,034
143.62
05/07/2025
(648)
Japanese Yen
BUY
     89,829
143.61
05/07/2025
(659)
Japanese Yen
BUY
     96,589
142.87
05/07/2025
(212)
The accompanying notes are an integral part of the consolidated financial statements.
46

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Forward Currency Contracts (continued)
Currency
 
Total
Contract Value
Contract
Price
Delivery
Date
Unrealized
Depreciation
Japanese Yen
BUY
     $96,738
142.65
05/07/2025
        $(63)
Japanese Yen
BUY
     97,476
144.65
05/07/2025
(1,430)
Japanese Yen
BUY
    106,163
144.12
05/07/2025
(1,160)
Japanese Yen
BUY
    111,060
149.47
05/07/2025
(5,382)
Japanese Yen
BUY
    112,041
143.70
05/07/2025
(894)
Japanese Yen
BUY
    112,561
144.81
05/07/2025
(1,777)
Japanese Yen
BUY
    112,570
144.80
05/07/2025
(1,768)
Japanese Yen
BUY
    112,924
145.23
05/07/2025
(2,115)
Japanese Yen
BUY
    123,560
148.92
05/07/2025
(5,508)
Japanese Yen
BUY
    135,615
149.69
05/07/2025
(6,781)
Japanese Yen
BUY
    145,326
146.57
05/07/2025
(4,085)
Japanese Yen
BUY
    146,521
148.78
05/07/2025
(6,397)
Japanese Yen
BUY
    155,284
143.61
05/07/2025
(1,141)
Japanese Yen
BUY
    156,442
148.94
05/07/2025
(6,998)
Japanese Yen
BUY
    160,085
143.67
05/07/2025
(1,251)
Japanese Yen
BUY
    163,195
149.51
05/07/2025
(7,960)
Japanese Yen
BUY
    172,567
148.93
05/07/2025
(7,708)
Japanese Yen
BUY
    178,259
148.66
05/07/2025
(7,627)
Japanese Yen
BUY
    186,486
145.32
05/07/2025
(3,609)
Japanese Yen
BUY
    425,737
144.46
05/07/2025
(5,660)
Japanese Yen
BUY
    794,907
145.68
05/07/2025
(17,382)
Japanese Yen
BUY
    796,983
145.30
05/07/2025
(15,305)
Japanese Yen
BUY
    856,364
150.17
05/07/2025
(45,711)
Japanese Yen
BUY
  1,608,007
144.03
05/07/2025
(16,570)
Japanese Yen
BUY
     18,813
143.52
05/30/2025
(175)
Japanese Yen
BUY
     55,743
143.52
05/30/2025
(519)
Japanese Yen
BUY
     73,860
143.52
05/30/2025
(687)
Japanese Yen
BUY
    114,971
143.52
05/30/2025
(1,070)
Japanese Yen
BUY
      1,408
142.08
06/18/2025
(2)
Japanese Yen
BUY
      3,372
148.26
06/18/2025
(151)
Japanese Yen
BUY
      6,027
149.34
06/18/2025
(316)
Japanese Yen
BUY
     10,450
143.54
06/18/2025
(122)
Japanese Yen
BUY
     38,664
142.25
06/18/2025
(99)
Japanese Yen
BUY
    146,889
147.05
06/18/2025
(5,343)
Japanese Yen
SELL
    146,620
142.55
05/07/2025
(16)
Japanese Yen
SELL
    120,192
142.27
05/07/2025
(243)
Japanese Yen
SELL
    111,045
141.38
05/07/2025
(916)
Japanese Yen
SELL
    110,291
142.35
05/07/2025
(162)
Japanese Yen
SELL
    104,096
142.18
05/07/2025
(280)
Japanese Yen
SELL
    101,280
142.18
05/07/2025
(270)
Japanese Yen
SELL
     96,249
140.26
05/07/2025
(1,553)
Japanese Yen
SELL
     95,745
142.04
05/07/2025
(347)
Japanese Yen
SELL
     35,953
141.85
05/07/2025
(179)
Mexican Peso
BUY
     43,710
20.43
05/07/2025
(1,896)
Mexican Peso
BUY
     43,715
20.43
05/07/2025
(1,891)
Mexican Peso
BUY
     43,721
20.43
05/07/2025
(1,886)
The accompanying notes are an integral part of the consolidated financial statements.
47

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Forward Currency Contracts (continued)
Currency
 
Total
Contract Value
Contract
Price
Delivery
Date
Unrealized
Depreciation
Mexican Peso
BUY
     $54,066
19.61
05/07/2025
        $(70)
Mexican Peso
BUY
     70,696
20.57
05/07/2025
(3,562)
Mexican Peso
BUY
     76,212
19.63
05/07/2025
(190)
Mexican Peso
BUY
     87,372
20.44
05/07/2025
(3,841)
Mexican Peso
BUY
    106,078
20.56
05/07/2025
(5,308)
Mexican Peso
BUY
    110,537
19.63
05/07/2025
(287)
Mexican Peso
BUY
    111,845
20.47
05/07/2025
(5,108)
Mexican Peso
BUY
    112,593
19.81
05/07/2025
(1,295)
Mexican Peso
BUY
    148,678
20.04
05/07/2025
(3,513)
Mexican Peso
BUY
    176,765
20.56
05/07/2025
(8,878)
Mexican Peso
BUY
    218,450
20.44
05/07/2025
(9,583)
Mexican Peso
BUY
    246,524
19.67
05/07/2025
(1,170)
Mexican Peso
BUY
    304,099
19.68
05/07/2025
(1,510)
Mexican Peso
BUY
    381,872
19.59
05/07/2025
(140)
Mexican Peso
BUY
    397,043
20.10
05/07/2025
(10,505)
Mexican Peso
BUY
    397,450
20.08
05/07/2025
(10,097)
Mexican Peso
BUY
    397,694
19.69
05/07/2025
(2,193)
Mexican Peso
BUY
    398,538
20.02
05/07/2025
(9,010)
Mexican Peso
BUY
    399,057
20.65
05/07/2025
(21,769)
Mexican Peso
BUY
    399,741
19.59
05/07/2025
(146)
Mexican Peso
BUY
    400,010
19.62
05/07/2025
(898)
Mexican Peso
BUY
    402,373
20.48
05/07/2025
(18,453)
Mexican Peso
BUY
    456,691
19.71
05/07/2025
(2,949)
Mexican Peso
BUY
    793,059
20.11
05/07/2025
(21,525)
Mexican Peso
BUY
    793,548
20.10
05/07/2025
(21,036)
Mexican Peso
BUY
    795,280
19.97
05/07/2025
(15,729)
Mexican Peso
SELL
     95,642
19.55
05/07/2025
(139)
New Taiwan Dollar
BUY
     45,889
32.47
05/07/2025
(704)
New Taiwan Dollar
BUY
    102,812
32.54
05/07/2025
(1,787)
New Taiwan Dollar
BUY
    108,679
32.44
05/07/2025
(1,549)
New Taiwan Dollar
BUY
    127,251
32.77
05/07/2025
(3,146)
New Taiwan Dollar
BUY
    192,981
33.14
05/07/2025
(6,992)
New Taiwan Dollar
BUY
    322,450
32.16
05/07/2025
(1,822)
New Taiwan Dollar
BUY
    470,891
32.98
05/07/2025
(14,735)
New Taiwan Dollar
BUY
    550,200
33.04
05/07/2025
(18,292)
New Zealand Dollar
BUY
     19,340
1.76
05/07/2025
(840)
New Zealand Dollar
BUY
     19,974
1.75
05/07/2025
(800)
New Zealand Dollar
BUY
     43,432
1.75
05/07/2025
(1,677)
New Zealand Dollar
BUY
     53,094
1.70
05/07/2025
(324)
New Zealand Dollar
BUY
     81,396
1.72
05/07/2025
(1,699)
New Zealand Dollar
BUY
     82,583
1.70
05/07/2025
(511)
New Zealand Dollar
BUY
     89,467
1.79
05/07/2025
(5,498)
New Zealand Dollar
BUY
     89,934
1.78
05/07/2025
(5,032)
New Zealand Dollar
BUY
     90,105
1.72
05/07/2025
(1,893)
New Zealand Dollar
BUY
     94,836
1.69
05/07/2025
(129)
New Zealand Dollar
BUY
     96,542
1.76
05/07/2025
(4,359)
The accompanying notes are an integral part of the consolidated financial statements.
48

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Forward Currency Contracts (continued)
Currency
 
Total
Contract Value
Contract
Price
Delivery
Date
Unrealized
Depreciation
New Zealand Dollar
BUY
    $111,838
1.70
05/07/2025
       $(934)
New Zealand Dollar
BUY
    112,097
1.78
05/07/2025
(6,610)
New Zealand Dollar
BUY
    113,157
1.72
05/07/2025
(2,582)
New Zealand Dollar
BUY
    178,912
1.76
05/07/2025
(8,051)
New Zealand Dollar
BUY
    218,449
1.74
05/07/2025
(7,094)
New Zealand Dollar
BUY
    280,152
1.71
05/07/2025
(4,744)
New Zealand Dollar
BUY
    280,373
1.71
05/07/2025
(4,523)
New Zealand Dollar
BUY
    542,545
1.75
05/07/2025
(21,311)
New Zealand Dollar
BUY
    881,972
1.72
05/07/2025
(20,198)
New Zealand Dollar
SELL
    161,092
1.68
05/07/2025
(838)
New Zealand Dollar
SELL
    155,410
1.67
05/07/2025
(1,091)
New Zealand Dollar
SELL
    110,636
1.67
05/07/2025
(832)
New Zealand Dollar
SELL
     95,877
1.67
05/07/2025
(912)
New Zealand Dollar
SELL
     89,537
1.68
05/07/2025
(507)
New Zealand Dollar
SELL
     89,118
1.68
05/07/2025
(88)
New Zealand Dollar
SELL
     68,789
1.67
05/07/2025
(532)
Norwegian Krone
BUY
     22,016
10.58
05/07/2025
(453)
Norwegian Krone
BUY
     25,849
10.45
05/07/2025
(188)
Norwegian Krone
BUY
     36,022
10.55
05/07/2025
(623)
Norwegian Krone
BUY
     61,355
10.92
05/07/2025
(3,254)
Norwegian Krone
BUY
     80,721
10.53
05/07/2025
(1,246)
Norwegian Krone
BUY
     88,732
10.93
05/07/2025
(4,808)
Norwegian Krone
BUY
     89,208
10.54
05/07/2025
(1,439)
Norwegian Krone
BUY
    102,728
10.51
05/07/2025
(1,420)
Norwegian Krone
BUY
    103,060
10.67
05/07/2025
(3,016)
Norwegian Krone
BUY
    103,889
10.56
05/07/2025
(1,897)
Norwegian Krone
BUY
    111,099
10.89
05/07/2025
(5,585)
Norwegian Krone
BUY
    112,357
10.86
05/07/2025
(5,290)
Norwegian Krone
BUY
    117,544
10.55
05/07/2025
(2,032)
Norwegian Krone
BUY
    125,294
10.54
05/07/2025
(1,997)
Norwegian Krone
BUY
    133,322
10.50
05/07/2025
(1,683)
Norwegian Krone
BUY
    161,349
10.60
05/07/2025
(3,551)
Norwegian Krone
BUY
    182,499
10.52
05/07/2025
(2,652)
Norwegian Krone
BUY
    183,245
10.42
05/07/2025
(942)
Norwegian Krone
BUY
    347,671
10.56
05/07/2025
(6,236)
Norwegian Krone
BUY
  2,537,254
10.55
05/07/2025
(43,861)
Norwegian Krone
BUY
      1,539
10.39
05/30/2025
(4)
Norwegian Krone
SELL
  1,646,126
10.34
05/07/2025
(5,229)
Norwegian Krone
SELL
    345,361
10.34
05/07/2025
(1,097)
Norwegian Krone
SELL
     62,881
10.34
05/07/2025
(200)
Peruvian Nuevo Sol
BUY
     46,246
3.68
05/07/2025
(15)
Peruvian Nuevo Sol
BUY
     62,601
3.72
05/07/2025
(804)
Peruvian Nuevo Sol
BUY
     62,628
3.72
05/07/2025
(777)
Peruvian Nuevo Sol
BUY
     64,170
3.72
05/07/2025
(868)
Peruvian Nuevo Sol
BUY
     77,058
3.70
05/07/2025
(497)
Peruvian Nuevo Sol
BUY
    135,280
3.73
05/07/2025
(2,143)
The accompanying notes are an integral part of the consolidated financial statements.
49

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Forward Currency Contracts (continued)
Currency
 
Total
Contract Value
Contract
Price
Delivery
Date
Unrealized
Depreciation
Peruvian Nuevo Sol
SELL
    $304,235
3.65
05/07/2025
     $(2,177)
Peruvian Nuevo Sol
SELL
    220,708
3.67
05/07/2025
(288)
Philippine Peso
BUY
     73,010
57.80
05/07/2025
(2,538)
Philippine Peso
BUY
    383,039
56.13
05/07/2025
(1,861)
Polish Zloty
BUY
     81,958
3.84
05/07/2025
(1,753)
Polish Zloty
BUY
    110,176
3.77
05/07/2025
(110)
Polish Zloty
BUY
    122,019
3.89
05/07/2025
(4,212)
Polish Zloty
BUY
    134,449
3.89
05/07/2025
(4,538)
Polish Zloty
BUY
    140,481
3.77
05/07/2025
(365)
Polish Zloty
BUY
    144,987
3.79
05/07/2025
(1,174)
Polish Zloty
BUY
    147,984
3.85
05/07/2025
(3,492)
Polish Zloty
BUY
    153,542
3.88
05/07/2025
(4,578)
Polish Zloty
BUY
    154,284
3.89
05/07/2025
(5,165)
Polish Zloty
BUY
    197,519
3.77
05/07/2025
(463)
Polish Zloty
BUY
    236,947
3.93
05/07/2025
(10,199)
Polish Zloty
BUY
    240,740
3.88
05/07/2025
(7,735)
Polish Zloty
BUY
    548,324
3.79
05/07/2025
(4,432)
Polish Zloty
BUY
    882,527
3.89
05/07/2025
(29,786)
Polish Zloty
SELL
  1,336,986
3.74
05/07/2025
(7,447)
Polish Zloty
SELL
    175,842
3.74
05/07/2025
(979)
Polish Zloty
SELL
    110,153
3.72
05/07/2025
(1,196)
Polish Zloty
SELL
    101,107
3.76
05/07/2025
(122)
Polish Zloty
SELL
     88,311
3.74
05/07/2025
(614)
Polish Zloty
SELL
  2,510,117
3.74
06/03/2025
(14,049)
Polish Zloty
SELL
    103,876
3.74
06/03/2025
(581)
Singapore Dollar
BUY
     37,228
1.34
05/07/2025
(1,070)
Singapore Dollar
BUY
     39,665
1.34
05/07/2025
(931)
Singapore Dollar
BUY
     82,234
1.34
05/07/2025
(2,021)
Singapore Dollar
BUY
     87,714
1.31
05/07/2025
(371)
Singapore Dollar
BUY
     88,058
1.31
05/07/2025
(27)
Singapore Dollar
BUY
     92,782
1.35
05/07/2025
(2,963)
Singapore Dollar
BUY
     97,306
1.34
05/07/2025
(2,269)
Singapore Dollar
BUY
    102,649
1.32
05/07/2025
(755)
Singapore Dollar
BUY
    102,692
1.31
05/07/2025
(712)
Singapore Dollar
BUY
    106,532
1.31
05/07/2025
(702)
Singapore Dollar
BUY
    110,092
1.32
05/07/2025
(972)
Singapore Dollar
BUY
    110,228
1.32
05/07/2025
(836)
Singapore Dollar
BUY
    110,499
1.31
05/07/2025
(565)
Singapore Dollar
BUY
    110,672
1.31
05/07/2025
(392)
Singapore Dollar
BUY
    112,374
1.33
05/07/2025
(2,520)
Singapore Dollar
BUY
    112,465
1.33
05/07/2025
(2,428)
Singapore Dollar
BUY
    122,979
1.34
05/07/2025
(3,404)
Singapore Dollar
BUY
    126,072
1.35
05/07/2025
(4,141)
Singapore Dollar
BUY
    134,290
1.34
05/07/2025
(3,583)
Singapore Dollar
BUY
    149,407
1.34
05/07/2025
(3,784)
Singapore Dollar
BUY
    154,479
1.33
05/07/2025
(2,543)
The accompanying notes are an integral part of the consolidated financial statements.
50

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Forward Currency Contracts (continued)
Currency
 
Total
Contract Value
Contract
Price
Delivery
Date
Unrealized
Depreciation
Singapore Dollar
BUY
    $157,830
1.33
05/07/2025
     $(3,021)
Singapore Dollar
BUY
    160,526
1.34
05/07/2025
(4,155)
Singapore Dollar
BUY
    174,768
1.34
05/07/2025
(5,232)
Singapore Dollar
BUY
    179,036
1.31
05/07/2025
(964)
Singapore Dollar
BUY
    179,256
1.34
05/07/2025
(4,574)
Singapore Dollar
BUY
    186,591
1.34
05/07/2025
(4,899)
Singapore Dollar
BUY
    186,688
1.31
05/07/2025
(972)
Singapore Dollar
BUY
    186,722
1.34
05/07/2025
(4,768)
Singapore Dollar
BUY
    186,835
1.34
05/07/2025
(4,655)
Singapore Dollar
BUY
    190,298
1.31
05/07/2025
(1,192)
Singapore Dollar
BUY
    213,112
1.31
05/07/2025
(1,356)
Singapore Dollar
BUY
    235,444
1.34
05/07/2025
(5,833)
Singapore Dollar
BUY
    242,344
1.34
05/07/2025
(6,593)
Singapore Dollar
BUY
    269,614
1.34
05/07/2025
(6,130)
Singapore Dollar
BUY
    284,171
1.34
05/07/2025
(6,893)
Singapore Dollar
BUY
    479,071
1.32
05/07/2025
(3,482)
Singapore Dollar
BUY
    668,509
1.34
05/07/2025
(17,023)
Singapore Dollar
BUY
    940,495
1.35
05/07/2025
(28,441)
Singapore Dollar
SELL
    111,082
1.31
05/07/2025
(18)
Singapore Dollar
SELL
     80,783
1.30
05/07/2025
(357)
South African Rand
BUY
     50,142
18.95
05/07/2025
(908)
South African Rand
BUY
     74,453
18.94
05/07/2025
(1,316)
South African Rand
BUY
     89,851
19.03
05/07/2025
(2,039)
South African Rand
BUY
    110,859
19.03
05/07/2025
(2,526)
South African Rand
BUY
    394,953
19.77
05/07/2025
(24,731)
South African Rand
BUY
    398,701
19.59
05/07/2025
(20,983)
South African Rand
BUY
    398,839
18.90
05/07/2025
(6,337)
South African Rand
BUY
    399,771
18.86
05/07/2025
(5,405)
South African Rand
BUY
    400,411
19.48
05/07/2025
(18,736)
South African Rand
BUY
    400,515
19.48
05/07/2025
(18,632)
South African Rand
BUY
    401,477
18.91
05/07/2025
(6,385)
South African Rand
BUY
    401,976
19.43
05/07/2025
(17,708)
South African Rand
BUY
    402,090
19.35
05/07/2025
(15,982)
South African Rand
BUY
    402,335
19.39
05/07/2025
(16,812)
South African Rand
BUY
    403,822
19.27
05/07/2025
(14,250)
South African Rand
BUY
    407,940
19.51
05/07/2025
(19,804)
South African Rand
BUY
    411,323
19.35
05/07/2025
(16,422)
South African Rand
BUY
    629,337
19.50
05/07/2025
(30,013)
South African Rand
SELL
10,280,938
18.55
05/07/2025
(35,483)
South African Rand
SELL
  1,967,949
18.26
05/07/2025
(36,649)
South African Rand
SELL
    152,673
18.47
05/07/2025
(1,135)
South African Rand
SELL
    113,777
18.55
05/07/2025
(393)
South African Rand
SELL
     88,287
18.46
05/07/2025
(696)
South African Rand
SELL
     64,707
18.55
05/07/2025
(223)
South African Rand
SELL
     15,879
18.26
05/07/2025
(296)
South African Rand
SELL
  1,908,662
18.58
06/03/2025
(6,646)
The accompanying notes are an integral part of the consolidated financial statements.
51

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Forward Currency Contracts (continued)
Currency
 
Total
Contract Value
Contract
Price
Delivery
Date
Unrealized
Depreciation
South Korean Won
BUY
    $108,373
1,423.69
05/07/2025
       $(168)
South Korean Won
BUY
    112,104
1,452.79
05/07/2025
(2,468)
South Korean Won
BUY
    128,582
1,432.71
05/07/2025
(1,013)
South Korean Won
BUY
    208,618
1,470.80
05/07/2025
(7,235)
South Korean Won
BUY
    244,897
1,462.01
05/07/2025
(6,977)
South Korean Won
BUY
    335,663
1,455.60
05/07/2025
(8,052)
South Korean Won
BUY
    387,116
1,472.00
05/07/2025
(13,753)
South Korean Won
BUY
  1,540,584
1,462.50
05/07/2025
(44,446)
South Korean Won
BUY
  1,563,628
1,439.30
06/04/2025
(18,485)
Swedish Krona
BUY
     13,126
9.75
05/07/2025
(147)
Swedish Krona
BUY
     39,132
9.97
05/07/2025
(1,309)
Swedish Krona
BUY
     54,805
9.85
05/07/2025
(1,190)
Swedish Krona
BUY
     69,027
9.74
05/07/2025
(655)
Swedish Krona
BUY
     77,217
9.71
05/07/2025
(554)
Swedish Krona
BUY
     77,492
9.68
05/07/2025
(279)
Swedish Krona
BUY
     82,155
9.74
05/07/2025
(800)
Swedish Krona
BUY
     82,419
9.71
05/07/2025
(536)
Swedish Krona
BUY
     88,554
10.05
05/07/2025
(3,734)
Swedish Krona
BUY
     89,034
10.00
05/07/2025
(3,254)
Swedish Krona
BUY
     98,274
9.67
05/07/2025
(236)
Swedish Krona
BUY
     98,388
9.96
05/07/2025
(3,232)
Swedish Krona
BUY
    107,919
9.82
05/07/2025
(1,997)
Swedish Krona
BUY
    110,545
9.68
05/07/2025
(408)
Swedish Krona
BUY
    111,047
10.00
05/07/2025
(4,054)
Swedish Krona
BUY
    128,968
9.77
05/07/2025
(1,687)
Swedish Krona
BUY
    131,203
9.68
05/07/2025
(489)
Swedish Krona
BUY
    138,199
9.91
05/07/2025
(3,862)
Swedish Krona
BUY
    147,754
9.81
05/07/2025
(2,603)
Swedish Krona
BUY
    149,151
9.72
05/07/2025
(1,206)
Swedish Krona
BUY
    150,395
9.77
05/07/2025
(2,035)
Swedish Krona
BUY
    150,742
9.75
05/07/2025
(1,688)
Swedish Krona
BUY
    267,854
10.01
05/07/2025
(10,046)
Swedish Krona
BUY
  1,485,053
10.04
05/07/2025
(60,822)
Swedish Krona
BUY
  2,741,391
10.04
05/07/2025
(112,276)
Swedish Krona
BUY
     46,705
9.64
05/30/2025
(23)
Swedish Krona
SELL
  3,992,708
9.60
05/07/2025
(18,105)
Swedish Krona
SELL
    759,167
9.60
05/07/2025
(3,442)
Swedish Krona
SELL
    184,233
9.55
05/07/2025
(1,731)
Swedish Krona
SELL
      3,125
9.60
05/07/2025
(14)
Swedish Krona
SELL
    149,267
9.58
05/30/2025
(777)
Swedish Krona
SELL
     83,506
9.58
05/30/2025
(435)
Swedish Krona
SELL
     36,566
9.57
05/30/2025
(222)
Swedish Krona
SELL
     23,188
9.49
06/18/2025
(317)
Swiss Franc
BUY
      9,601
1.20
05/07/2025
(137)
Swiss Franc
BUY
     17,086
1.14
05/07/2025
(1,172)
Swiss Franc
BUY
     78,285
1.20
05/07/2025
(833)
The accompanying notes are an integral part of the consolidated financial statements.
52

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Forward Currency Contracts (continued)
Currency
 
Total
Contract Value
Contract
Price
Delivery
Date
Unrealized
Depreciation
Swiss Franc
BUY
     $81,771
1.17
05/07/2025
     $(3,433)
Swiss Franc
BUY
     82,645
1.18
05/07/2025
(2,560)
Swiss Franc
BUY
     85,538
1.14
05/07/2025
(5,753)
Swiss Franc
BUY
     91,024
1.14
05/07/2025
(6,352)
Swiss Franc
BUY
     95,970
1.20
05/07/2025
(1,406)
Swiss Franc
BUY
     96,339
1.20
05/07/2025
(1,038)
Swiss Franc
BUY
     97,236
1.22
05/07/2025
(140)
Swiss Franc
BUY
    103,065
1.21
05/07/2025
(397)
Swiss Franc
BUY
    105,329
1.17
05/07/2025
(4,219)
Swiss Franc
BUY
    106,659
1.19
05/07/2025
(2,889)
Swiss Franc
BUY
    108,309
1.20
05/07/2025
(1,239)
Swiss Franc
BUY
    108,543
1.14
05/07/2025
(7,092)
Swiss Franc
BUY
    108,851
1.21
05/07/2025
(697)
Swiss Franc
BUY
    111,241
1.17
05/07/2025
(4,393)
Swiss Franc
BUY
    112,190
1.18
05/07/2025
(3,445)
Swiss Franc
BUY
    112,200
1.18
05/07/2025
(3,434)
Swiss Franc
BUY
    113,482
1.19
05/07/2025
(2,152)
Swiss Franc
BUY
    113,649
1.14
05/07/2025
(8,071)
Swiss Franc
BUY
    114,105
1.14
05/07/2025
(7,616)
Swiss Franc
BUY
    115,066
1.15
05/07/2025
(6,654)
Swiss Franc
BUY
    115,163
1.15
05/07/2025
(6,558)
Swiss Franc
BUY
    146,293
1.17
05/07/2025
(5,858)
Swiss Franc
BUY
    147,839
1.14
05/07/2025
(10,397)
Swiss Franc
BUY
    162,200
1.20
05/07/2025
(2,123)
Swiss Franc
BUY
    162,530
1.20
05/07/2025
(1,793)
Swiss Franc
BUY
    169,738
1.17
05/07/2025
(6,757)
Swiss Franc
BUY
    171,404
1.14
05/07/2025
(11,177)
Swiss Franc
BUY
    204,760
1.14
05/07/2025
(14,337)
Swiss Franc
BUY
    217,066
1.17
05/07/2025
(8,117)
Swiss Franc
BUY
    244,717
1.14
05/07/2025
(16,982)
Swiss Franc
BUY
    800,431
1.18
05/07/2025
(27,269)
Swiss Franc
BUY
    801,266
1.18
05/07/2025
(26,434)
Swiss Franc
BUY
    804,100
1.18
05/07/2025
(23,600)
Swiss Franc
BUY
     10,293
1.21
05/30/2025
(82)
Swiss Franc
BUY
     24,220
1.21
05/30/2025
(192)
Swiss Franc
BUY
     49,651
1.21
05/30/2025
(393)
Swiss Franc
BUY
     60,549
1.21
05/30/2025
(479)
Swiss Franc
BUY
    544,945
1.21
05/30/2025
(4,315)
Swiss Franc
BUY
     11,462
1.15
06/18/2025
(772)
Swiss Franc
SELL
    184,067
1.23
05/07/2025
(1,486)
Swiss Franc
SELL
    183,040
1.22
05/07/2025
(459)
Swiss Franc
SELL
    154,670
1.24
05/07/2025
(2,519)
Swiss Franc
SELL
    153,928
1.23
05/07/2025
(1,777)
Swiss Franc
SELL
    129,085
1.23
05/07/2025
(1,279)
Swiss Franc
SELL
    110,833
1.23
05/07/2025
(1,285)
Swiss Franc
SELL
    110,611
1.23
05/07/2025
(1,062)
The accompanying notes are an integral part of the consolidated financial statements.
53

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Forward Currency Contracts (continued)
Currency
 
Total
Contract Value
Contract
Price
Delivery
Date
Unrealized
Depreciation
Swiss Franc
SELL
    $110,470
1.23
05/07/2025
       $(922)
Swiss Franc
SELL
    109,885
1.22
05/07/2025
(336)
Swiss Franc
SELL
    109,665
1.22
05/07/2025
(116)
Swiss Franc
SELL
     92,170
1.23
05/07/2025
(880)
Swiss Franc
SELL
     79,615
1.22
05/07/2025
(496)
Swiss Franc
SELL
     30,819
1.23
06/18/2025
(234)
Swiss Franc
SELL
     12,352
1.24
06/18/2025
(118)
Thai Baht
BUY
     55,236
33.86
05/07/2025
(748)
Thai Baht
BUY
     57,893
33.51
05/07/2025
(186)
Thai Baht
BUY
     70,398
33.95
05/07/2025
(1,154)
Thai Baht
BUY
     87,198
34.63
05/07/2025
(3,215)
Thai Baht
BUY
     97,411
34.19
05/07/2025
(2,282)
Thai Baht
BUY
    110,793
33.49
05/07/2025
(277)
Thai Baht
BUY
    122,821
33.79
05/07/2025
(1,421)
Thai Baht
BUY
    185,762
34.35
05/07/2025
(5,242)
Thai Baht
BUY
    243,737
33.93
05/07/2025
(3,849)
Thai Baht
BUY
    260,881
34.17
05/07/2025
(5,955)
Thai Baht
BUY
    438,255
33.93
05/07/2025
(6,921)
Thai Baht
BUY
    608,188
34.20
05/07/2025
(14,430)
Thai Baht
BUY
    858,930
34.38
05/07/2025
(25,136)
Thai Baht
BUY
    908,662
33.94
05/07/2025
(14,622)
Thai Baht
SELL
    484,980
33.09
05/07/2025
(4,537)
Thai Baht
SELL
    185,218
33.31
05/07/2025
(501)
Thai Baht
SELL
    138,947
33.25
05/07/2025
(634)
Thai Baht
SELL
    110,526
33.21
05/07/2025
(653)
Thai Baht
SELL
    103,309
33.39
05/07/2025
(24)
Thai Baht
SELL
     53,816
33.26
05/07/2025
(227)
Total Unrealized Depreciation on Forward Currency Contracts
 $(4,327,135)
The accompanying notes are an integral part of the consolidated financial statements.
54

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Forward Sale Commitments ‡
 
Face Amount
 
 
 
Proceeds
Value
 
 
United States Government and Agency Obligations
USD
1,849,000
U.S. Treasury Bonds
4.25%
02/15/2054
$1,718,107
$1,713,323
 
1,520,000
U.S. Treasury Notes
3.75%
04/15/2028
1,524,284
1,527,515
 
1,309,500
U.S. Treasury Notes
4.00%
02/28/2030
1,280,058
1,327,189
 
2,618,900
U.S. Treasury Notes
4.00%
02/28/2030
2,638,908
2,654,276
 
6,950,000
U.S. Treasury Notes
4.00%
04/30/2032
6,968,144
6,982,966
 
3,467,000
U.S. Treasury Notes
4.38%
12/31/2029
3,533,186
3,567,276
 
1,129,000
U.S. Treasury Notes
4.63%
02/15/2035
1,156,143
1,169,401
 
 
Total United States Government and Agency Obligations
18,818,830
18,941,946
 
 
Corporate Obligations
 
1,131,000
European Investment Bank
4.50%
03/14/2030
1,166,151
1,166,151
 
1,306,000
International Bank for Reconstruction & Development
4.13%
03/20/2030
1,316,630
1,325,939
 
2,242,000
Kreditanstalt fuer Wiederaufbau
4.63%
03/18/2030
2,325,316
2,336,742
 
 
Total Corporate Obligations
4,808,097
4,828,832
 
 
Foreign Government Obligations
AUD
558,000
Australia Government Bonds
1.25%
05/21/2032
301,233
300,326
 
2,140,000
Australia Government Bonds
1.50%
06/21/2031
1,209,565
1,206,123
 
3,660,000
Australia Government Bonds REG S
2.75%
11/21/2028
2,305,265
2,297,144
 
5,598,000
Australia Government Bonds REG S
2.75%
11/21/2029
3,489,624
3,478,096
 
2,241,000
Australia Government Bonds REG S
3.75%
05/21/2034
1,403,490
1,401,337
EUR
1,096,780
Bundesobligation REG S
2.20%
04/13/2028
1,262,127
1,263,150
 
1,146,000
Bundesrepublik Deutschland Bundesanleihe REG S
1.00%
05/15/2038
1,059,039
1,065,873
 
417,832
Bundesrepublik Deutschland Bundesanleihe REG S **+
2.02%
08/15/2030
427,727
428,674
 
3,800,532
Bundesrepublik Deutschland Bundesanleihe REG S **+
2.04%
02/15/2031
3,841,963
3,841,963
 
3,500,092
Bundesrepublik Deutschland Bundesanleihe REG S +
2.10%
08/15/2031
3,490,166
3,490,167
 
1,065,000
Bundesrepublik Deutschland Bundesanleihe REG S +
2.21%
02/15/2032
1,044,402
1,048,293
 
2,609,520
Bundesrepublik Deutschland Bundesanleihe REG S
2.50%
02/15/2035
2,967,635
2,982,274
 
280,000
Bundesrepublik Deutschland Bundesanleihe REG S
2.50%
08/15/2054
292,101
294,704
 
500,000
Bundesrepublik Deutschland Bundesanleihe REG S +
2.54%
05/15/2035
442,252
444,833
 
324,000
Bundesrepublik Deutschland Bundesanleihe REG S
4.25%
07/04/2039
432,270
434,898
 
463,000
European Union REG S
0.30%
11/04/2050
250,530
251,677
 
647,500
European Union REG S
3.00%
12/04/2034
736,835
739,082
 
2,274,000
European Union REG S
3.38%
12/12/2035
2,652,680
2,652,680
 
417,000
European Union REG S
3.38%
11/04/2042
462,464
464,958
 
390,895
French Republic Government Bonds OAT REG S
0.10%
07/25/2036
389,434
391,060
 
6,524,000
French Republic Government Bonds OAT REG S
2.50%
09/24/2027
7,508,066
7,514,602
 
6,875,000
French Republic Government Bonds OAT REG S
2.50%
05/25/2030
7,825,940
7,848,241
 
719,000
French Republic Government Bonds OAT REG S
3.00%
05/25/2054
692,590
694,337
 
1,330,000
French Republic Government Bonds OAT REG S
3.25%
05/25/2045
1,412,102
1,425,021
 
323,000
Hellenic Republic Government Bonds
3.63%
06/15/2035
376,395
377,386
 
1,067,458
Italy Buoni Poliennali Del Tesoro REG S
0.15%
05/15/2051
727,883
732,947
 
2,372,000
Italy Buoni Poliennali Del Tesoro REG S
0.95%
03/01/2037
1,992,770
2,001,987
 
1,228,000
Italy Buoni Poliennali Del Tesoro REG S
1.45%
03/01/2036
1,127,240
1,132,254
 
3,607,000
Italy Buoni Poliennali Del Tesoro REG S
1.65%
03/01/2032
3,760,470
3,772,158
 
9,429,000
Italy Buoni Poliennali Del Tesoro REG S
2.80%
12/01/2028
10,933,092
10,945,326
 
2,955,000
Italy Buoni Poliennali Del Tesoro REG S
2.95%
07/01/2030
3,398,068
3,394,704
 
1,478,000
Italy Buoni Poliennali Del Tesoro
2.95%
07/01/2030
1,699,192
1,699,683
The accompanying notes are an integral part of the consolidated financial statements.
55

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Forward Sale Commitments ‡ (continued)
 
Face Amount
 
 
 
Proceeds
Value
 
 
Foreign Government Obligations (continued)
EUR
1,719,000
Italy Buoni Poliennali Del Tesoro REG S
2.95%
09/01/2038
$1,778,187
$1,784,130
 
688,000
Italy Buoni Poliennali Del Tesoro REG S
3.35%
03/01/2035
774,300
777,024
 
1,703,000
Italy Buoni Poliennali Del Tesoro REG S
3.50%
03/01/2030
2,022,751
2,024,888
 
212,000
Italy Buoni Poliennali Del Tesoro REG S
3.85%
07/01/2034
248,895
249,912
 
2,260,000
Italy Buoni Poliennali Del Tesoro REG S
4.15%
10/01/2039
2,625,766
2,638,427
 
3,709,000
Italy Buoni Poliennali Del Tesoro REG S
4.15%
10/01/2039
4,314,950
4,330,689
 
1,242,000
Italy Buoni Poliennali Del Tesoro REG S
4.30%
10/01/2054
1,399,553
1,397,372
 
950,000
Italy Buoni Poliennali Del Tesoro REG S
4.45%
09/01/2043
1,124,938
1,130,217
 
1,270,000
Italy Buoni Poliennali Del Tesoro REG S
4.50%
10/01/2053
1,481,899
1,486,643
 
1,482,000
Italy Buoni Poliennali Del Tesoro REG S
4.75%
09/01/2044
1,827,245
1,834,746
 
2,322,000
Italy Buoni Poliennali Del Tesoro REG S
5.00%
09/01/2040
2,945,916
2,957,686
 
4,440,000
Italy Buoni Poliennali Del Tesoro REG S
6.00%
05/01/2031
5,934,025
5,940,297
JPY
64,008,341
Japan Government CPI-Linked Bonds +«(a)
(0.34)%
03/10/2031
467,350
469,146
 
375,150,000
Japan Government Ten Year Bonds
0.10%
03/20/2029
2,560,917
2,560,854
 
72,100,000
Japan Government Ten Year Bonds
0.10%
03/20/2031
483,403
482,524
 
72,100,000
Japan Government Ten Year Bonds
0.10%
03/20/2031
482,317
482,187
 
275,350,000
Japan Government Ten Year Bonds
0.50%
03/20/2033
1,848,739
1,848,615
EUR
468,750
Kingdom of Belgium Government Bonds REG S
2.85%
10/22/2034
526,694
528,861
 
997,800
Kingdom of Belgium Government Bonds REG S
3.00%
06/22/2034
1,140,378
1,145,287
 
4,283,569
Netherlands Government Bonds REG S
2.50%
07/15/2034
4,821,423
4,825,158
 
3,445,000
Spain Government Bonds REG S
0.50%
10/31/2031
3,422,735
3,429,815
 
4,269,000
Spain Government Bonds REG S
1.25%
10/31/2030
4,546,636
4,557,238
 
9,565,000
Spain Government Bonds REG S
1.45%
10/31/2027
10,740,472
10,750,491
 
840,000
Spain Government Bonds REG S
1.90%
10/31/2052
644,629
640,252
 
930,000
Spain Government Bonds REG S
3.90%
07/30/2039
1,096,506
1,102,020
 
620,000
Spain Government Bonds REG S
4.70%
07/30/2041
803,706
798,491
SEK
36,280,000
Sweden Government Bonds REG S
0.75%
05/12/2028
3,651,618
3,646,249
 
5,695,000
Sweden Government Bonds REG S
2.25%
05/11/2035
588,281
587,722
GBP
1,919,342
U.K. Gilts REG S
0.25%
07/31/2031
2,050,146
2,052,232
 
6,370,676
U.K. Gilts REG S
0.38%
10/22/2026
8,147,056
8,136,808
 
917,000
U.K. Gilts REG S
0.50%
10/22/2061
341,438
340,416
 
5,561,000
U.K. Gilts REG S
0.63%
07/31/2035
5,106,736
5,126,040
 
374,000
U.K. Gilts REG S
0.63%
10/22/2050
187,009
188,157
 
1,550,000
U.K. Gilts REG S
1.13%
01/31/2039
1,318,046
1,325,236
 
4,520,392
U.K. Gilts REG S
3.75%
01/29/2038
5,493,078
5,512,702
 
505,500
U.K. Gilts REG S
3.75%
07/22/2052
531,891
535,957
 
455,000
U.K. Gilts REG S
3.75%
10/22/2053
477,766
477,084
 
2,447,600
U.K. Gilts REG S
4.00%
10/22/2031
3,256,178
3,258,172
 
725,250
U.K. Gilts REG S
4.25%
06/07/2032
978,829
980,012
 
6,028,000
U.K. Gilts REG S
4.25%
07/31/2034
7,966,742
7,985,563
 
2,621,250
U.K. Gilts REG S
4.25%
03/07/2036
3,414,500
3,423,326
 
1,220,000
U.K. Gilts REG S
4.25%
09/07/2039
1,532,361
1,539,339
 
574,000
U.K. Gilts REG S
4.25%
12/07/2040
712,118
716,088
 
2,545,000
U.K. Gilts REG S
4.25%
12/07/2046
2,992,545
3,009,900
 
5,326,336
U.K. Gilts REG S
4.50%
03/07/2035
7,138,544
7,141,528
 
990,000
U.K. Gilts REG S
4.63%
01/31/2034
1,350,127
1,351,240
 
2,830,000
U.K. Gilts REG S
4.75%
12/07/2030
3,916,420
3,945,987
 
2,830,000
U.K. Gilts REG S
4.75%
12/07/2030
3,951,735
3,948,861
 
568,750
U.K. Gilts REG S
4.75%
12/07/2038
762,698
763,168
The accompanying notes are an integral part of the consolidated financial statements.
56

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Forward Sale Commitments ‡ (continued)
 
Face Amount
 
 
 
Proceeds
Value
 
 
Foreign Government Obligations (continued)
GBP
626,588
U.K. Inflation-Linked Gilts REG S «
0.13%
11/22/2056
$465,733
$469,535
 
661,277
U.K. Inflation-Linked Gilts REG S «
0.25%
03/22/2052
541,855
546,017
 
589,768
U.K. Inflation-Linked Gilts REG S «
0.75%
11/22/2047
599,840
604,552
 
467,389
U.K. Inflation-Linked Gilts REG S «
1.25%
11/22/2055
506,110
510,737
 
 
Total Foreign Government Obligations
197,958,340
198,311,556
 
 
Total Forward Sale Commitments
$221,585,267
$222,082,334
The accompanying notes are an integral part of the consolidated financial statements.
57

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Futures Contracts
Contract
 
Currency
Number
of
Contracts
Aggregate
Notional
Value
Expiration
Date
Unrealized
Appreciation/
(Depreciation)
10YR Euro-Bund Bonds
BUY
EUR
20
        $227
05/2025
       $(455)
10YR Euro-Bund Bonds
BUY
EUR
19
      1,080
05/2025
    (22,019)
10YR Euro-Bund Bonds
BUY
EUR
51
  7,639,847
06/2025
     56,440
10YR Euro-Bund Bonds
SELL
EUR
28
        318
05/2025
      8,548
10YR Euro-Bund Bonds
SELL
EUR
31
  4,643,828
06/2025
    (37,168)
10YR Japanese Government Bonds
SELL
JPY
4
  3,944,195
06/2025
    (64,791)
10YR U.S. Treasury Notes
BUY
USD
8
    897,750
06/2025
      9,172
10YR U.S. Treasury Notes
SELL
USD
6
    673,313
06/2025
         47
2YR U.S. Treasury Notes
SELL
USD
22
  4,579,266
06/2025
    (15,039)
3 Month CORRA
BUY
CAD
8
  1,411,062
09/2025
       (509)
3 Month Euribor
BUY
EUR
4
  1,117,027
09/2025
      3,240
3 Month SOFR
SELL
USD
2
    479,575
09/2025
       (144)
3 Month SONIA
SELL
GBP
241
77,671,339
03/2026
    (81,517)
3 Month SONIA
SELL
GBP
120
38,724,614
09/2026
    (32,027)
30YR Euro-Buxl Bonds
BUY
EUR
17
  2,398,201
06/2025
     (2,046)
3YR Australia Treasury Bonds
BUY
AUD
3
    206,644
06/2025
      2,664
5YR Euro-Bobl Notes
SELL
EUR
72
  9,791,237
06/2025
    (20,927)
5YR U.S. Treasury Notes
BUY
USD
14
  1,528,734
06/2025
      3,586
5YR U.S. Treasury Notes
SELL
USD
39
  4,258,617
06/2025
    (35,943)
Brent Crude Oil
BUY
USD
3
    181,770
01/2026
     (9,284)
Brent Crude Oil
SELL
USD
1
     61,060
05/2025
      5,410
Canola
BUY
CAD
25
    250,633
07/2025
     12,846
Coffee
BUY
USD
4
    214,760
07/2025
     22,575
Coffee
BUY
USD
1
    141,356
03/2026
     (3,118)
Copper
BUY
USD
1
    115,225
07/2025
     (5,620)
Copper
SELL
USD
2
    230,450
07/2025
     (7,638)
Copper
SELL
USD
1
    116,425
09/2025
     (7,163)
Corn
BUY
USD
7
    166,425
07/2025
     (6,436)
Corn
BUY
USD
6
    138,225
03/2026
     (2,191)
Corn
SELL
USD
12
    285,300
07/2025
     (1,386)
Cotton
BUY
USD
1
     34,510
03/2026
       (556)
Cotton
SELL
USD
5
    165,050
07/2025
        863
DJ Euro Stoxx 50 Index
SELL
EUR
37
  2,147,991
06/2025
    (13,754)
E-Mini Nasdaq 100 Index
SELL
USD
42
  1,651,314
06/2025
    (23,739)
E-Mini S&P 500 Index
SELL
USD
58
  1,620,230
06/2025
    (18,100)
Euro-BTP Italian Government Bonds
BUY
EUR
12
  1,640,876
06/2025
      7,457
Euro-BTP Italian Government Bonds
SELL
EUR
36
  4,922,628
06/2025
    (91,736)
Euro-Oat
SELL
EUR
88
12,568,272
06/2025
   (103,533)
Euro-Schatz
BUY
EUR
39
  4,768,928
06/2025
        415
Euro-Schatz
SELL
EUR
93
11,372,058
06/2025
    (15,073)
Gas Oil
BUY
USD
2
    119,700
06/2025
     (3,019)
Gas Oil
BUY
USD
1
     59,200
01/2026
     (6,875)
Gas Oil
SELL
USD
1
     59,350
07/2025
        285
Gasoline RBOB
BUY
USD
2
    169,487
05/2025
        147
Gasoline RBOB
BUY
USD
1
     70,787
12/2025
     (7,810)
Gasoline RBOB
SELL
USD
1
     83,693
06/2025
       (109)
The accompanying notes are an integral part of the consolidated financial statements.
58

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Futures Contracts (continued)
Contract
 
Currency
Number
of
Contracts
Aggregate
Notional
Value
Expiration
Date
Unrealized
Appreciation/
(Depreciation)
Gasoline RBOB
SELL
USD
1
     $80,703
08/2025
      $6,380
Gasoline RBOB
SELL
USD
1
     74,395
09/2025
      2,680
Lean Hogs
BUY
USD
2
     63,720
02/2026
        357
Lean Hogs
SELL
USD
7
    275,170
06/2025
    (12,642)
Live Cattle
BUY
USD
1
     81,190
02/2026
        (76)
Live Cattle
SELL
USD
1
     83,360
06/2025
     (3,730)
LME Aluminum
BUY
USD
4
    238,719
05/2025
    (20,426)
LME Aluminum
BUY
USD
1
     59,992
06/2025
     (6,105)
LME Aluminum
BUY
USD
1
     59,966
07/2025
        460
LME Aluminum
BUY
USD
1
     60,196
09/2025
     (7,079)
LME Aluminum
SELL
USD
4
    238,719
05/2025
     27,982
LME Aluminum
SELL
USD
5
    299,959
06/2025
      4,417
LME Aluminum
SELL
USD
1
     59,966
07/2025
       (603)
LME Aluminum
SELL
USD
1
     60,196
09/2025
      7,183
LME Copper
BUY
USD
1
    228,549
05/2025
    (13,868)
LME Copper
SELL
USD
1
    228,549
05/2025
      9,733
LME Lead
BUY
USD
8
    391,544
05/2025
        675
LME Lead
BUY
USD
1
     48,979
06/2025
        973
LME Lead
SELL
USD
8
    391,544
05/2025
     10,094
LME Lead
SELL
USD
3
    146,937
06/2025
     (6,026)
LME Nickel
BUY
USD
2
    183,240
05/2025
    (14,834)
LME Nickel
BUY
USD
1
     92,021
06/2025
        515
LME Nickel
SELL
USD
2
    183,240
05/2025
      4,952
LME Nickel
SELL
USD
1
     92,021
06/2025
      1,227
LME Tin
BUY
USD
2
    311,930
05/2025
    (14,977)
LME Tin
BUY
USD
1
    156,340
06/2025
    (14,222)
LME Tin
SELL
USD
2
    311,930
05/2025
     34,486
LME Tin
SELL
USD
1
    156,340
06/2025
       (548)
LME Zinc
BUY
USD
3
    192,768
05/2025
    (23,667)
LME Zinc
BUY
USD
1
     64,503
06/2025
     (1,094)
LME Zinc
SELL
USD
3
    192,768
05/2025
     20,945
LME Zinc
SELL
USD
2
    129,006
06/2025
      1,129
Natural Gas
BUY
USD
2
     66,520
05/2025
    (16,770)
Natural Gas
BUY
EUR
3
     79,351
05/2025
    (12,162)
Natural Gas
BUY
USD
1
     37,930
09/2025
        410
Natural Gas
BUY
USD
5
    246,200
12/2025
    (25,963)
Natural Gas
BUY
USD
1
     41,080
02/2026
      1,460
Natural Gas
BUY
USD
1
     37,980
03/2026
     (1,520)
Natural Gas
SELL
USD
6
    199,560
05/2025
      6,570
Natural Gas
SELL
USD
8
    290,800
06/2025
     13,311
Natural Gas
SELL
USD
1
     37,180
08/2025
     11,086
Natural Gas
SELL
USD
2
     75,860
09/2025
      7,120
NY Harbor ULSD
BUY
USD
1
     84,916
12/2025
     (7,564)
NY Harbor ULSD
SELL
USD
1
     83,370
06/2025
      1,319
Palladium
BUY
USD
2
    186,880
06/2025
     (8,970)
Platinum
BUY
USD
3
    145,410
07/2025
     (1,970)
The accompanying notes are an integral part of the consolidated financial statements.
59

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Futures Contracts (continued)
Contract
 
Currency
Number
of
Contracts
Aggregate
Notional
Value
Expiration
Date
Unrealized
Appreciation/
(Depreciation)
Rapeseed
BUY
EUR
10
    $262,589
07/2025
     $(7,530)
Silver
SELL
USD
1
    164,140
07/2025
    (14,722)
Soybean
BUY
USD
3
    154,425
01/2026
      1,432
Soybean
SELL
USD
6
    313,350
07/2025
    (13,338)
Soybean Oil
BUY
USD
4
    116,328
01/2026
     11,532
Soybean Oil
BUY
USD
3
     91,650
01/2026
     (2,691)
Soybean Oil
SELL
USD
5
    149,000
07/2025
     (3,008)
Soybean Oil
SELL
USD
5
    146,910
07/2025
     (7,356)
Sugar
BUY
USD
2
     49,280
07/2025
     (1,260)
Sugar
BUY
USD
3
     59,875
02/2026
     (4,188)
Sugar
SELL
USD
10
    193,200
06/2025
     13,979
U.K. Gilts
SELL
GBP
21
  2,623,208
06/2025
    (11,434)
U.S. Treasury Long Bonds
BUY
USD
5
    583,125
06/2025
      7,719
U.S. Treasury Long Bonds
SELL
USD
1
    116,625
06/2025
     (1,000)
Ultra 10YR U.S. Treasury Notes
SELL
USD
18
  2,065,219
06/2025
     (7,545)
Ultra Long U.S. Treasury Bonds
BUY
USD
6
    726,187
06/2025
      3,756
Wheat
BUY
USD
2
     59,700
07/2025
     (1,113)
Wheat
BUY
USD
1
     26,538
07/2025
     (1,550)
Wheat
BUY
EUR
6
     73,235
12/2025
     (4,386)
Wheat
BUY
USD
2
     58,850
03/2026
     (1,464)
Wheat
BUY
USD
2
     58,850
03/2026
     (2,183)
Wheat
SELL
USD
2
     52,950
07/2025
      4,139
WTI Crude Oil
BUY
USD
3
    174,630
05/2025
     (6,635)
WTI Crude Oil
BUY
USD
2
    113,280
12/2025
    (19,262)
WTI Crude Oil
SELL
USD
3
    172,860
06/2025
      9,234
Total Futures Contracts
   $(604,256)
The accompanying notes are an integral part of the consolidated financial statements.
60

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts
Bi-Lateral Credit Default Swaps
Currency
Notional
Expiration
Date
Counter-
party
Receive
(Pay)
Reference
Obligation
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
USD
    225,000
01/16/2030
JPM
1.00%
Saudi Government International Bonds
        $288
      $1,664
 
    475,000
01/16/2030
BCY
1.00%
Saudi Government International Bonds
      7,510
     (2,556)
 
    100,000
06/20/2030
BOA
1.00%
Penerbangan Malaysia Bhd.
      1,547
        281
 
    575,000
06/20/2030
BOA
1.00%
Penerbangan Malaysia Bhd.
     11,063
       (552)
 
     90,000
07/28/2031
DBF
1.00%
Indonesia Government International Bonds
       (771)
        979
 
     30,000
09/12/2031
JPM
(1.00%)
Brazilian Government International Bonds
      1,316
       (255)
 
     50,000
09/12/2031
BCY
(1.00%)
Brazilian Government International Bonds
      2,273
       (505)
 
     50,000
09/12/2031
BCY
(1.00%)
Brazilian Government International Bonds
      2,399
       (631)
 
     55,000
09/12/2031
GST
(1.00%)
Brazilian Government International Bonds
      2,987
     (1,041)
 
     60,000
09/12/2031
GST
(1.00%)
Brazilian Government International Bonds
      3,258
     (1,136)
 
    100,000
09/12/2031
MSI
(1.00%)
Brazilian Government International Bonds
      4,538
     (1,001)
 
    110,000
09/12/2031
MSI
(1.00%)
Brazilian Government International Bonds
      6,020
     (2,130)
 
     30,000
01/28/2033
MSI
1.00%
Colombia Government International Bonds
     (2,379)
        213
 
     50,000
01/28/2033
BCY
1.00%
Colombia Government International Bonds
     (3,818)
        208
 
     50,000
01/28/2033
BCY
1.00%
Colombia Government International Bonds
     (3,677)
         67
 
    100,000
01/28/2033
MSI
1.00%
Colombia Government International Bonds
     (7,593)
        372
 
    125,000
01/28/2033
GST
1.00%
Colombia Government International Bonds
     (6,899)
     (2,126)
 
    200,000
01/28/2033
MSI
1.00%
Colombia Government International Bonds
    (14,763)
        321
 
     35,000
11/21/2033
MSI
1.00%
Peruvian Government International Bonds
       (193)
        202
 
     35,000
11/21/2033
JPM
1.00%
Peruvian Government International Bonds
       (177)
        186
 
     35,000
11/21/2033
BOA
1.00%
Peruvian Government International Bonds
       (177)
        186
 
     35,000
11/21/2033
BCY
1.00%
Peruvian Government International Bonds
       (171)
        180
 
     90,000
11/21/2033
BOA
1.00%
Peruvian Government International Bonds
       (111)
        135
 
    135,000
11/21/2033
JPM
1.00%
Peruvian Government International Bonds
       (104)
        141
 
650,000
11/21/2033
GST
1.00%
Peruvian Government International Bonds
      2,901
     (2,726)
Total Bi-Lateral Credit Default Swaps
      $5,267
     $(9,524)
Centrally Cleared Credit Default Swaps
Currency
Notional
Expiration
Date
Exchange
Receive
(Pay)
Reference
Obligation
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
USD
2,153,000
12/20/2029
ICE
5.00%
CDX NA HY Series 43 Version 1 Index
    $135,046
    $(42,798)
 
2,450,000
06/20/2030
ICE
(5.00%)
CDX NA HY Series 44 Version 1 Index
    (67,269)
     30,207
 
1,530,000
06/20/2030
ICE
5.00%
CDX NA HY Series 44 Version 1 Index
     68,926
      5,362
EUR
2,305,000
06/20/2030
ICE
(5.00%)
iTraxx Europe Crossover Series 43 Version 1 Index
   (166,438)
    (17,786)
 
4,465,000
06/20/2030
ICE
1.00%
iTraxx Europe Series 43 Version 1 Index
     52,996
     31,052
 
5,212,000
06/20/2030
ICE
(1.00%)
iTraxx Europe Senior Financials Series 43 Version 1 Index
    (84,544)
        590
Total Centrally Cleared Credit Default Swaps
    $(61,283)
      $6,627
The accompanying notes are an integral part of the consolidated financial statements.
61

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Bi-Lateral Cross Currency Swaps
Expiration
Date
Counterparty
Pay
Amount
Receive
Amount
Upfront
Premiums
Paid/
Received
Unrealized
Appreciation/
(Depreciation)
09/17/2030
        BOA
SEK 1,958,884 plus 3 Month SEK STIBOR minus
11.05%
SEK 1,958,884 plus 3 Month SEK STIBOR
minus 11.05%
          $0
      $1,879
09/17/2030
        BOA
NOK 1,941,477 plus 3 Month NOK NOBOR minus
18.45 %
NOK 1,941,477 plus 3 Month NOK
NOBOR minus 18.45 %
          0
        697
09/17/2030
        MSI
NZD 1,964,064 plus 3 Month NZD BKBM minus
0.03%
NZD 1,964,064 plus 3 Month NZD BKBM
minus 0.03%
          0
        426
09/17/2030
        BOA
AUD 1,964,970 plus 3 Month AUD BBSW plus
0.05%
AUD 1,964,970 plus 3 Month AUD BBSW
plus 0.05%
          0
        137
09/17/2030
MSI
CAD 1,957,411 plus 3 Month CAD CORRA minus
0.02%
CAD 1,957,411 plus 3 Month CAD
CORRA minus 0.02%
          0
     (1,110)
Total Bi-Lateral Cross Currency Swaps
          $0
      $2,029
Bi-Lateral Interest Rate Swaps
Currency
Notional
Expiration
Date
Counter-
party
Fixed
Rate
Pay/Receive
Variable Rate
Variable
Rate
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
MYR
     33,894
06/18/2027
CBK
3.52%
Receive
3 Month MYR KLIBOR
BNM
          $0
       $(209)
 
     90,970
09/17/2027
JPM
3.23%
Receive
3 Month MYR KLIBOR
BNM
          0
       (131)
 
    362,401
09/17/2027
JPM
3.42%
Receive
3 Month MYR KLIBOR
BNM
          0
     (1,872)
 
    454,192
03/17/2030
SCB
3.60%
Receive
3 Month MYR KLIBOR
BNM
          0
     (3,812)
 
     50,832
06/16/2030
GST
3.70%
Receive
3 Month MYR KLIBOR
BNM
          0
       (525)
 
    311,688
06/18/2030
HUS
3.49%
Receive
3 Month MYR KLIBOR
BNM
          0
      3,086
 
      4,339
06/18/2030
CBK
3.52%
Receive
3 Month MYR KLIBOR
BNM
          0
         48
 
255,266
09/17/2030
JPM
3.51%
Receive
3 Month MYR KLIBOR
BNM
          0
      2,744
Total Bi-Lateral Interest Rate Swaps
          $0
       $(671)
Centrally Cleared Interest Rate Swaps
Currency
Notional
Expiration
Date
Exchange
Fixed
Rate
Pay/Receive
Variable Rate
Variable
Rate
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
JPY
253,483,188
06/17/2025
LCH
0.50%
Receive
12 Month JPY TONA
      $7,411
    $(14,837)
MXN
  2,772,685
06/17/2026
CME
8.01%
Receive
28 Day MXN TIIE Banxico
        140
     (4,886)
AUD
  1,121,195
06/18/2026
LCH
3.84%
Pay
3 Month AUD BBR BBSW
        127
      6,301
GBP
    584,635
06/18/2026
LCH
4.28%
Pay
12 Month GBP WMBA SONIA
Compound
         95
      3,602
The accompanying notes are an integral part of the consolidated financial statements.
62

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Centrally Cleared Interest Rate Swaps (continued)
Currency
Notional
Expiration
Date
Exchange
Fixed
Rate
Pay/Receive
Variable Rate
Variable
Rate
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
PLN
    422,252
06/18/2026
LCH
5.22%
Pay
12 Month PLN WIBOR WIBO
          $0
      $4,019
CLP
    711,567
06/18/2026
CME
5.09%
Receive
6 Month CLP TNA ABIF
          0
     (4,455)
NOK
    858,470
06/18/2026
LCH
3.72%
Receive
12 Month NOK NIBOR NIBR
      4,022
       (252)
SEK
  1,021,865
06/18/2026
LCH
1.84%
Receive
12 Month SEK STIBOR
      3,622
       (940)
JPY
  7,912,557
06/18/2026
LCH
0.59%
Receive
12 Month JPY TONA
        865
        268
ZAR
  1,004,454
09/17/2026
LCH
7.33%
Pay
3 Month ZAR JIBAR SAFEX
         79
      3,004
NZD
    342,757
09/17/2026
LCH
3.31%
Receive
6 Month NZD BBR FRA
        (81)
     (1,318)
SGD
    462,435
09/17/2026
LCH
2.20%
Receive
6 Month SGD SOR Telerate
         (6)
     (2,258)
CAD
    956,326
09/17/2026
LCH
2.34%
Receive
1 Month CAD CORRA
         76
     (1,114)
ILS
  2,317,306
09/17/2026
LCH
3.95%
Receive
12 Month ILS TELBOR
       (763)
     (1,614)
GBP
  7,493,656
10/22/2026
LCH
4.53%
Pay
12 Month GBP WMBA SONIA
Compound
     33,366
     56,758
AUD
    662,457
12/17/2026
LCH
4.13%
Pay
3 Month AUD BBR BBSW
      2,223
      5,057
CAD
    611,568
12/17/2026
LCH
2.97%
Receive
1 Month CAD CORRA
     (1,908)
     (2,715)
NOK
  2,180,939
12/17/2026
LCH
3.16%
Receive
12 Month NOK NIBOR NIBR
     17,573
     (5,982)
BRL
    287,581
01/04/2027
CME
15.23%
Receive
BRL CDI
          0
     (7,904)
 
    320,134
01/04/2027
CME
14.87%
Receive
BRL CDI
          0
     (5,733)
GBP
  6,270,349
03/07/2027
LCH
4.47%
Receive
12 Month GBP WMBA SONIA
Compound
    (13,130)
    (87,451)
EUR
  4,681,096
03/11/2027
LCH
1.94%
Receive
12 Month EUR EURIBOR
     (1,705)
     (7,399)
MXN
  1,812,907
03/17/2027
CME
8.89%
Receive
28 Day MXN TIIE Banxico
          0
    (23,989)
ZAR
  1,637,607
03/18/2027
LCH
7.41%
Pay
3 Month ZAR JIBAR SAFEX
        (61)
      6,384
HUF
  1,362,766
03/18/2027
LCH
6.49%
Pay
12 Month HUF BUBOR
        (56)
     15,965
PLN
    960,640
03/18/2027
LCH
4.67%
Pay
12 Month PLN WIBOR WIBO
         63
     12,061
CLP
    615,286
03/18/2027
CME
5.58%
Pay
6 Month CLP TNA ABIF
         (4)
      8,585
KRW
    476,600
03/18/2027
LCH
2.57%
Pay
3 Month KRW CD KSDA
         41
      2,247
ILS
  2,475,194
03/18/2027
LCH
3.93%
Receive
12 Month ILS TELBOR
         59
     (7,586)
GBP
12,799,813
04/23/2027
LCH
3.50%
Receive
12 Month GBP WMBA SONIA
Compound
     (3,097)
     (8,987)
JPY
12,270,759
04/28/2027
LCH
0.72%
Receive
12 Month JPY TONA
      2,421
     (3,374)
MXN
  3,464,960
06/16/2027
CME
8.01%
Pay
28 Day MXN TIIE Banxico
       (167)
     22,684
 
    945,805
06/16/2027
CME
8.91%
Pay
28 Day MXN TIIE Banxico
          0
     22,621
NZD
    274,238
06/17/2027
LCH
3.44%
Pay
6 Month NZD BBR FRA
         (6)
        859
EUR
    667,095
06/17/2027
LCH
1.91%
Receive
12 Month EUR EURIBOR
      2,218
     (2,703)
SEK
    907,232
06/17/2027
LCH
1.97%
Receive
12 Month SEK STIBOR
      3,723
     (2,657)
EUR
12,351,719
06/18/2027
LCH
1.84%
Pay
12 Month EUR EURIBOR
    (10,029)
      6,361
 
  8,431,536
06/18/2027
LCH
1.78%
Pay
12 Month EUR STR
     24,661
      1,534
GBP
  4,195,688
06/18/2027
LCH
3.97%
Pay
12 Month GBP WMBA SONIA
Compound
     10,192
     25,300
NZD
  4,167,376
06/18/2027
LCH
3.47%
Pay
6 Month NZD BBR FRA
     15,202
     20,795
NOK
  2,423,073
06/18/2027
LCH
4.34%
Pay
12 Month NOK NIBOR NIBR
      4,184
     14,323
CLP
  1,155,091
06/18/2027
CME
5.03%
Pay
6 Month CLP TNA ABIF
          0
     15,857
SGD
    665,755
06/18/2027
LCH
2.47%
Pay
6 Month SGD SOR Telerate
          0
     10,192
CZK
    646,301
06/18/2027
LCH
3.42%
Pay
12 Month CZK PRIBOR PRBO
          0
      3,257
The accompanying notes are an integral part of the consolidated financial statements.
63

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Centrally Cleared Interest Rate Swaps (continued)
Currency
Notional
Expiration
Date
Exchange
Fixed
Rate
Pay/Receive
Variable Rate
Variable
Rate
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
CZK
    463,246
06/18/2027
LCH
3.37%
Pay
12 Month CZK PRIBOR PRBO
          $0
      $1,780
CLP
    461,094
06/18/2027
CME
5.02%
Pay
6 Month CLP TNA ABIF
          0
      6,198
KRW
    323,543
06/18/2027
LCH
2.51%
Pay
3 Month KRW CD KSDA
          0
      2,062
CLP
    262,885
06/18/2027
CME
4.98%
Pay
6 Month CLP TNA ABIF
          0
      3,269
KRW
    196,997
06/18/2027
LCH
2.52%
Pay
3 Month KRW CD KSDA
          0
      1,272
 
    139,686
06/18/2027
LCH
2.54%
Pay
3 Month KRW CD KSDA
          0
        976
INR
    235,299
06/18/2027
LCH
6.11%
Receive
6 Month INR FBIL MIBOR OIS
Compound
          0
     (2,799)
 
    275,679
06/18/2027
LCH
6.27%
Receive
6 Month INR FBIL MIBOR OIS
Compound
          0
     (4,144)
JPY
20,023,911
06/18/2027
LCH
0.69%
Receive
12 Month JPY TONA
    (28,364)
     17,650
GBP
    880,171
09/16/2027
LCH
3.97%
Pay
12 Month GBP WMBA SONIA
Compound
        (80)
      4,700
SEK
  5,936,379
09/17/2027
LCH
2.50%
Pay
12 Month SEK STIBOR
      1,140
     49,599
EUR
  3,985,504
09/17/2027
LCH
2.34%
Pay
12 Month EUR EURIBOR
       (562)
     41,230
CAD
  3,194,161
09/17/2027
LCH
2.38%
Pay
6 Month CAD CORRA
      8,340
       (923)
ILS
  2,625,987
09/17/2027
LCH
3.82%
Pay
12 Month ILS TELBOR
        573
      3,735
KRW
  1,764,406
09/17/2027
LCH
2.52%
Pay
3 Month KRW CD KSDA
        118
     13,612
 
    899,973
09/17/2027
LCH
2.26%
Pay
3 Month KRW CD KSDA
          0
      2,330
SGD
    842,144
09/17/2027
LCH
2.18%
Pay
6 Month SGD SOR Telerate
         25
      8,346
PLN
    783,598
09/17/2027
LCH
3.83%
Pay
12 Month PLN WIBOR WIBO
          0
      1,942
SGD
    571,342
09/17/2027
LCH
1.80%
Pay
6 Month SGD SOR Telerate
          0
      1,345
PLN
    555,713
09/17/2027
LCH
3.70%
Pay
12 Month PLN WIBOR WIBO
          0
        (61)
SGD
    485,444
09/17/2027
LCH
1.80%
Pay
6 Month SGD SOR Telerate
          0
      1,112
 
    415,175
09/17/2027
LCH
1.78%
Pay
6 Month SGD SOR Telerate
          0
        830
 
    351,995
09/17/2027
LCH
1.82%
Pay
6 Month SGD SOR Telerate
          0
        974
KRW
    308,023
09/17/2027
LCH
2.40%
Pay
3 Month KRW CD KSDA
          0
      1,696
 
    279,466
09/17/2027
LCH
2.26%
Pay
3 Month KRW CD KSDA
          0
        729
COP
    245,045
09/17/2027
CME
8.00%
Pay
3 Month COP IBR OIS Compound
          0
        106
CNY
    198,388
09/17/2027
LCH
1.33%
Pay
3 Month CNY CNREPOFIX
          0
       (113)
INR
    196,002
09/17/2027
LCH
5.42%
Pay
6 Month INR FBIL MIBOR OIS
Compound
          0
          1
ILS
    192,698
09/17/2027
LCH
3.82%
Pay
12 Month ILS TELBOR
          0
        356
ZAR
    186,389
09/17/2027
LCH
7.29%
Pay
3 Month ZAR JIBAR SAFEX
          0
        958
 
    170,250
09/17/2027
LCH
7.29%
Pay
3 Month ZAR JIBAR SAFEX
          0
        869
SGD
    167,594
09/17/2027
LCH
1.78%
Pay
6 Month SGD SOR Telerate
          0
        335
ZAR
    164,173
09/17/2027
LCH
7.24%
Pay
3 Month ZAR JIBAR SAFEX
          0
        703
HUF
    150,061
09/17/2027
LCH
5.95%
Pay
12 Month HUF BUBOR
          0
        817
 
    123,355
09/17/2027
LCH
6.17%
Pay
12 Month HUF BUBOR
          0
      1,156
SGD
    108,720
09/17/2027
LCH
2.04%
Pay
6 Month SGD SOR Telerate
          0
        787
COP
     70,218
09/17/2027
CME
7.83%
Pay
3 Month COP IBR OIS Compound
          0
       (179)
HUF
     52,861
09/17/2027
LCH
6.03%
Pay
12 Month HUF BUBOR
          0
        371
 
     52,861
09/17/2027
LCH
6.05%
Pay
12 Month HUF BUBOR
          0
        391
ZAR
    157,613
09/17/2027
LCH
7.36%
Receive
3 Month ZAR JIBAR SAFEX
          2
       (984)
The accompanying notes are an integral part of the consolidated financial statements.
64

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Centrally Cleared Interest Rate Swaps (continued)
Currency
Notional
Expiration
Date
Exchange
Fixed
Rate
Pay/Receive
Variable Rate
Variable
Rate
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
ZAR
    203,478
09/17/2027
LCH
7.42%
Receive
3 Month ZAR JIBAR SAFEX
        $(30)
     $(1,426)
 
    459,735
09/17/2027
LCH
7.50%
Receive
3 Month ZAR JIBAR SAFEX
          0
     (4,069)
HUF
    517,267
09/17/2027
LCH
6.18%
Receive
12 Month HUF BUBOR
         59
     (5,271)
INR
  1,493,356
09/17/2027
LCH
5.86%
Receive
6 Month INR FBIL MIBOR OIS
Compound
        (37)
    (11,801)
AUD
  2,086,653
09/17/2027
LCH
3.66%
Receive
3 Month AUD BBR BBSW
         42
    (24,449)
USD
  2,388,799
09/17/2027
LCH
3.66%
Receive
12 Month USD SOFR
       (201)
    (22,402)
EUR
  2,536,650
11/15/2028
LCH
2.22%
Receive
12 Month EUR EURIBOR
       (276)
    (18,151)
BRL
    180,868
01/02/2029
CME
14.04%
Pay
BRL CDI
          0
      3,488
 
    160,183
01/02/2029
CME
13.91%
Pay
BRL CDI
          0
      2,374
 
     39,255
01/02/2029
CME
14.06%
Pay
BRL CDI
          0
        780
 
     59,524
01/02/2029
CME
14.68%
Receive
BRL CDI
          0
     (2,643)
 
     59,615
01/02/2029
CME
14.64%
Receive
BRL CDI
          0
     (2,548)
 
    119,472
01/02/2029
CME
14.58%
Receive
BRL CDI
          0
     (4,841)
JPY
  1,201,912
04/15/2029
LCH
0.75%
Receive
12 Month JPY TONA
       (519)
      1,936
AUD
    397,632
09/16/2029
LCH
3.84%
Pay
3 Month AUD BBR BBSW
     (1,572)
      7,068
CAD
    203,837
09/16/2029
LCH
3.00%
Receive
6 Month CAD CORRA
     (1,817)
     (1,744)
SEK
    673,120
12/16/2029
LCH
2.56%
Pay
12 Month SEK STIBOR
       (292)
      4,259
NOK
    719,169
12/16/2029
LCH
3.59%
Receive
12 Month NOK NIBOR NIBR
      7,527
     (5,107)
BRL
     87,943
01/02/2030
CME
14.77%
Receive
BRL CDI
          0
     (5,256)
USD
  5,440,728
01/15/2030
LCH
2.52%
Pay
USA CPI U
      2,272
    (13,118)
EUR
  3,552,142
01/15/2030
LCH
2.06%
Receive
12 Month EUR STR
     (9,824)
    (16,629)
 
  4,068,914
02/25/2030
LCH
2.28%
Receive
12 Month EUR STR
    (18,680)
    (54,412)
USD
  4,887,718
03/03/2030
LCH
2.52%
Pay
USA CPI U
     (1,718)
     (1,998)
COP
    337,890
03/17/2030
CME
9.03%
Receive
3 Month COP IBR OIS Compound
       (388)
     (4,237)
ILS
    375,920
03/17/2030
LCH
4.08%
Receive
12 Month ILS TELBOR
         27
     (2,444)
ZAR
    850,081
03/17/2030
LCH
8.23%
Receive
3 Month ZAR JIBAR SAFEX
        (80)
     (9,101)
INR
  1,884,240
03/17/2030
LCH
6.18%
Receive
6 Month INR FBIL MIBOR OIS
Compound
       (142)
    (22,908)
EUR
  3,319,421
04/29/2030
LCH
1.97%
Receive
12 Month EUR STR
     (3,592)
     (4,193)
USD
    851,096
04/30/2030
LCH
2.47%
Receive
USA CPI U
      1,096
     (1,375)
NZD
    366,664
06/16/2030
LCH
3.78%
Pay
6 Month NZD BBR FRA
       (739)
      1,506
CNY
    212,387
06/16/2030
LCH
1.60%
Receive
3 Month CNY CNREPOFIX
          0
     (1,180)
GBP
    438,174
06/16/2030
LCH
3.66%
Receive
12 Month GBP WMBA SONIA
Compound
      3,261
     (3,245)
EUR
  1,369,579
06/16/2030
LCH
2.03%
Receive
12 Month EUR EURIBOR
     15,063
     (3,928)
USD
  1,528,425
06/16/2030
LCH
3.59%
Receive
12 Month USD SOFR
     20,425
    (28,230)
EUR
  3,451,754
06/18/2030
LCH
1.97%
Pay
12 Month EUR EURIBOR
    (53,755)
     27,833
SEK
  1,488,666
06/18/2030
LCH
2.09%
Pay
12 Month SEK STIBOR
    (26,889)
     10,081
INR
    180,446
06/18/2030
LCH
6.00%
Pay
6 Month INR FBIL MIBOR OIS
Compound
          0
      3,089
CLP
    174,975
06/18/2030
CME
5.43%
Pay
6 Month CLP TNA ABIF
          0
      6,934
INR
    138,171
06/18/2030
LCH
6.09%
Pay
6 Month INR FBIL MIBOR OIS
Compound
          0
      2,855
The accompanying notes are an integral part of the consolidated financial statements.
65

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Centrally Cleared Interest Rate Swaps (continued)
Currency
Notional
Expiration
Date
Exchange
Fixed
Rate
Pay/Receive
Variable Rate
Variable
Rate
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
SGD
    125,782
06/18/2030
LCH
2.51%
Pay
6 Month SGD SOR Telerate
          $0
      $3,953
 
    109,939
06/18/2030
LCH
2.72%
Pay
6 Month SGD SOR Telerate
          0
      4,614
 
    109,894
06/18/2030
LCH
2.42%
Pay
6 Month SGD SOR Telerate
          0
      2,900
GBP
     57,146
06/18/2030
LCH
4.09%
Pay
12 Month GBP WMBA SONIA
Compound
        791
        485
KRW
     50,029
06/18/2030
LCH
2.69%
Pay
3 Month KRW CD KSDA
          0
      1,087
 
     48,858
06/18/2030
LCH
2.67%
Pay
3 Month KRW CD KSDA
          0
      1,032
SGD
     45,073
06/18/2030
LCH
2.57%
Pay
6 Month SGD SOR Telerate
          0
      1,552
 
     42,914
06/18/2030
LCH
2.52%
Pay
6 Month SGD SOR Telerate
          0
      1,368
COP
     63,294
06/18/2030
CME
8.64%
Receive
3 Month COP IBR OIS Compound
          0
       (810)
 
    116,683
06/18/2030
CME
8.48%
Receive
3 Month COP IBR OIS Compound
          0
       (754)
NZD
    130,485
06/18/2030
LCH
3.66%
Receive
6 Month NZD BBR FRA
        911
     (2,294)
EUR
  3,463,395
06/18/2030
LCH
2.09%
Receive
12 Month EUR STR
    (22,582)
     (4,632)
 
10,175,648
06/18/2030
LCH
2.13%
Receive
12 Month EUR EURIBOR
     10,497
    (16,834)
USD
  2,927,270
07/15/2030
LCH
3.47%
Receive
12 Month USD SOFR
     (7,730)
     (4,581)
MXN
    239,068
09/11/2030
CME
7.90%
Pay
28 Day MXN TIIE Banxico
          0
       (197)
 
    157,759
09/11/2030
CME
7.88%
Pay
28 Day MXN TIIE Banxico
          0
       (250)
 
    154,292
09/11/2030
CME
7.84%
Pay
28 Day MXN TIIE Banxico
          0
       (484)
 
    142,136
09/11/2030
CME
7.92%
Pay
28 Day MXN TIIE Banxico
          0
         22
 
    139,096
09/11/2030
CME
7.94%
Pay
28 Day MXN TIIE Banxico
          0
       (777)
 
    135,520
09/11/2030
CME
7.81%
Pay
28 Day MXN TIIE Banxico
          0
       (597)
 
    135,470
09/11/2030
CME
7.78%
Pay
28 Day MXN TIIE Banxico
          0
       (766)
 
    816,597
09/11/2030
CME
8.13%
Receive
28 Day MXN TIIE Banxico
         54
     (7,330)
CZK
    115,948
09/15/2030
LCH
3.48%
Pay
12 Month CZK PRIBOR PRBO
          0
        457
INR
  1,593,197
09/17/2030
LCH
5.95%
Pay
6 Month INR FBIL MIBOR OIS
Compound
        226
     23,358
USD
  1,458,944
09/17/2030
LCH
3.75%
Pay
12 Month USD SOFR
      1,056
     26,738
KRW
    621,758
09/17/2030
LCH
2.56%
Pay
3 Month KRW CD KSDA
       (122)
      9,998
CLP
    576,813
09/17/2030
CME
5.17%
Pay
6 Month CLP TNA ABIF
          0
     16,548
AUD
    294,493
09/17/2030
LCH
4.06%
Pay
3 Month AUD BBR BBSW
      3,532
      3,275
PLN
    197,215
09/17/2030
LCH
3.85%
Pay
12 Month PLN WIBOR WIBO
          0
         60
 
    191,335
09/17/2030
LCH
3.88%
Pay
12 Month PLN WIBOR WIBO
          0
        327
SGD
    172,142
09/17/2030
LCH
2.11%
Pay
6 Month SGD SOR Telerate
          0
      1,874
PLN
    164,435
09/17/2030
LCH
3.90%
Pay
12 Month PLN WIBOR WIBO
          0
        409
INR
    150,123
09/17/2030
LCH
5.70%
Pay
6 Month INR FBIL MIBOR OIS
Compound
          0
        594
CZK
     92,625
09/17/2030
LCH
3.47%
Pay
12 Month CZK PRIBOR PRBO
        (14)
      1,022
PLN
     75,722
09/17/2030
LCH
3.84%
Pay
12 Month PLN WIBOR WIBO
          0
        (10)
CNY
     69,004
09/17/2030
LCH
1.48%
Pay
3 Month CNY CNREPOFIX
          0
        287
 
     67,349
09/17/2030
LCH
1.35%
Pay
3 Month CNY CNREPOFIX
          0
       (113)
NOK
     64,101
09/17/2030
LCH
3.97%
Pay
12 Month NOK NIBOR NIBR
        396
        176
SGD
     60,836
09/17/2030
LCH
1.89%
Pay
6 Month SGD SOR Telerate
          0
         15
JPY
     95,471
09/17/2030
LCH
0.84%
Receive
12 Month JPY TONA
         92
       (275)
HUF
    312,596
09/17/2030
LCH
6.26%
Receive
12 Month HUF BUBOR
          0
     (5,590)
The accompanying notes are an integral part of the consolidated financial statements.
66

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Centrally Cleared Interest Rate Swaps (continued)
Currency
Notional
Expiration
Date
Exchange
Fixed
Rate
Pay/Receive
Variable Rate
Variable
Rate
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
ZAR
    325,675
09/17/2030
LCH
7.87%
Receive
3 Month ZAR JIBAR SAFEX
        $(40)
     $(3,512)
PLN
    715,239
09/17/2030
LCH
4.73%
Receive
12 Month PLN WIBOR WIBO
          0
    (28,347)
CAD
  1,205,791
09/17/2030
LCH
2.50%
Receive
6 Month CAD CORRA
      1,419
     (5,388)
EUR
  1,473,779
06/17/2031
LCH
0.56%
Pay
12 Month EUR EURIBOR
   (116,174)
     (1,687)
USD
  1,008,745
01/15/2032
LCH
3.69%
Receive
12 Month USD SOFR
     (1,255)
    (11,369)
EUR
  2,022,053
02/13/2032
LCH
2.25%
Receive
12 Month EUR EURIBOR
          0
      1,969
GBP
  2,015,382
01/31/2034
LCH
4.13%
Receive
12 Month GBP WMBA SONIA
Compound
    (13,781)
    (27,745)
EUR
  4,702,085
02/15/2034
LCH
2.16%
Pay
12 Month EUR STR
   (129,697)
    109,918
 
    623,493
07/02/2034
LCH
2.41%
Receive
12 Month EUR EURIBOR
        373
     (5,558)
 
  1,870,411
07/04/2034
LCH
3.25%
Receive
12 Month EUR EURIBOR
   (161,878)
    (38,922)
AUD
  1,286,707
09/19/2034
LCH
4.59%
Pay
3 Month AUD BBR BBSW
     (9,820)
     15,589
GBP
    999,733
09/19/2034
LCH
3.50%
Pay
12 Month GBP WMBA SONIA
Compound
    (24,216)
     (3,798)
SEK
    204,403
09/19/2034
LCH
2.63%
Pay
12 Month SEK STIBOR
     (1,868)
       (584)
CAD
    288,443
09/19/2034
LCH
3.41%
Receive
6 Month CAD CORRA
     (2,261)
     (1,273)
NOK
    995,971
09/19/2034
LCH
3.38%
Receive
12 Month NOK NIBOR NIBR
     24,108
     (3,937)
EUR
  1,125,231
01/10/2035
LCH
2.66%
Receive
12 Month EUR EURIBOR
      9,423
     (5,008)
USD
  5,434,032
01/15/2035
LCH
2.55%
Receive
USA CPI U
     (8,968)
    (42,823)
 
  4,882,432
03/03/2035
LCH
2.49%
Receive
USA CPI U
     (3,568)
    (20,536)
CLP
    787,335
03/20/2035
CME
6.02%
Pay
6 Month CLP TNA ABIF
        (25)
     14,615
EUR
    642,795
03/20/2035
LCH
2.22%
Pay
12 Month EUR EURIBOR
     (9,546)
     (6,545)
COP
    623,446
03/20/2035
CME
9.83%
Pay
3 Month COP IBR OIS Compound
     (1,014)
      1,348
KRW
     92,769
03/20/2035
LCH
2.81%
Receive
3 Month KRW CD KSDA
          0
     (1,233)
USD
    465,647
04/30/2035
LCH
2.41%
Pay
USA CPI U
       (647)
       (499)
SEK
    576,322
05/11/2035
LCH
2.84%
Pay
12 Month SEK STIBOR
     (1,010)
     13,676
MXN
    136,512
06/13/2035
CME
9.39%
Receive
28 Day MXN TIIE Banxico
          0
       (984)
 
    163,734
06/13/2035
CME
9.19%
Receive
28 Day MXN TIIE Banxico
          0
       (261)
 
    263,147
06/13/2035
CME
9.16%
Receive
28 Day MXN TIIE Banxico
          0
       (192)
 
    263,147
06/13/2035
CME
9.17%
Receive
28 Day MXN TIIE Banxico
          0
       (230)
EUR
  2,706,781
06/18/2035
LCH
2.44%
Pay
12 Month EUR EURIBOR
     (4,868)
      6,332
AUD
    281,671
06/18/2035
LCH
4.38%
Pay
3 Month AUD BBR BBSW
     (1,980)
     10,060
HUF
    166,820
06/18/2035
LCH
6.67%
Pay
12 Month HUF BUBOR
          0
      4,274
NZD
    119,131
06/18/2035
LCH
3.97%
Pay
6 Month NZD BBR FRA
     (1,455)
      1,736
ZAR
     52,529
06/18/2035
LCH
8.97%
Pay
3 Month ZAR JIBAR SAFEX
          0
        751
SGD
     44,148
06/18/2035
LCH
2.53%
Receive
6 Month SGD SOR Telerate
          0
     (1,467)
CLP
     82,308
06/18/2035
CME
5.66%
Receive
6 Month CLP TNA ABIF
          0
     (4,402)
KRW
     83,215
06/18/2035
LCH
2.75%
Receive
3 Month KRW CD KSDA
          0
     (2,899)
COP
    123,051
06/18/2035
CME
9.07%
Receive
3 Month COP IBR OIS Compound
          0
     (1,339)
SGD
    126,870
06/18/2035
LCH
2.50%
Receive
6 Month SGD SOR Telerate
          0
     (3,936)
 
    127,207
06/18/2035
LCH
2.52%
Receive
6 Month SGD SOR Telerate
          0
     (4,123)
ZAR
    399,452
06/18/2035
LCH
8.93%
Receive
3 Month ZAR JIBAR SAFEX
          0
     (4,698)
PLN
    623,635
06/18/2035
LCH
4.32%
Receive
12 Month PLN WIBOR WIBO
          0
     (2,070)
 
    702,286
06/18/2035
LCH
4.99%
Receive
12 Month PLN WIBOR WIBO
          0
    (40,835)
The accompanying notes are an integral part of the consolidated financial statements.
67

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Centrally Cleared Interest Rate Swaps (continued)
Currency
Notional
Expiration
Date
Exchange
Fixed
Rate
Pay/Receive
Variable Rate
Variable
Rate
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
PLN
    703,940
06/18/2035
LCH
5.05%
Receive
12 Month PLN WIBOR WIBO
          $0
    $(44,222)
 
    707,462
06/18/2035
LCH
5.03%
Receive
12 Month PLN WIBOR WIBO
          0
    (43,184)
ZAR
  3,816,138
06/18/2035
LCH
8.83%
Receive
3 Month ZAR JIBAR SAFEX
          0
    (19,717)
EUR
  1,872,411
06/19/2035
LCH
2.91%
Pay
12 Month EUR EURIBOR
       (775)
     10,438
ZAR
    263,450
06/19/2035
LCH
10.51%
Receive
3 Month ZAR JIBAR SAFEX
          0
      1,001
MXN
     81,547
09/05/2035
CME
8.47%
Receive
28 Day MXN TIIE Banxico
          0
       (268)
 
     88,530
09/05/2035
CME
8.35%
Receive
28 Day MXN TIIE Banxico
          0
        437
 
     90,502
09/05/2035
CME
8.39%
Receive
28 Day MXN TIIE Banxico
          0
        195
 
    235,076
09/12/2035
CME
9.12%
Receive
28 Day MXN TIIE Banxico
          0
        384
 
    235,076
09/12/2035
CME
9.12%
Receive
28 Day MXN TIIE Banxico
          0
        384
ZAR
    445,316
09/17/2035
LCH
8.93%
Pay
3 Month ZAR JIBAR SAFEX
        127
      2,087
CAD
    308,526
09/17/2035
LCH
2.84%
Pay
6 Month CAD CORRA
       (193)
        782
ILS
     89,131
09/17/2035
LCH
4.25%
Pay
12 Month ILS TELBOR
          0
        992
 
     37,543
09/17/2035
LCH
4.25%
Pay
12 Month ILS TELBOR
          0
        418
CZK
     36,950
09/17/2035
LCH
3.76%
Pay
12 Month CZK PRIBOR PRBO
          0
        726
SGD
     38,089
09/17/2035
LCH
2.31%
Receive
6 Month SGD SOR Telerate
          0
       (447)
 
     59,398
09/17/2035
LCH
2.38%
Receive
6 Month SGD SOR Telerate
          0
     (1,074)
NOK
     65,951
09/17/2035
LCH
3.97%
Receive
12 Month NOK NIBOR NIBR
        981
     (1,679)
PLN
     77,287
09/17/2035
LCH
4.37%
Receive
12 Month PLN WIBOR WIBO
          0
       (593)
 
     88,833
09/17/2035
LCH
4.33%
Receive
12 Month PLN WIBOR WIBO
          0
       (369)
 
     92,085
09/17/2035
LCH
4.34%
Receive
12 Month PLN WIBOR WIBO
          0
       (491)
SGD
     95,224
09/17/2035
LCH
2.31%
Receive
6 Month SGD SOR Telerate
          0
     (1,083)
PLN
     95,942
09/17/2035
LCH
4.32%
Receive
12 Month PLN WIBOR WIBO
          0
       (320)
SGD
    109,739
09/17/2035
LCH
2.29%
Receive
6 Month SGD SOR Telerate
          0
     (1,050)
PLN
    129,486
09/17/2035
LCH
4.39%
Receive
12 Month PLN WIBOR WIBO
          0
     (1,237)
SGD
    129,504
09/17/2035
LCH
2.30%
Receive
6 Month SGD SOR Telerate
          0
     (1,393)
ILS
    177,819
09/17/2035
LCH
4.09%
Receive
12 Month ILS TELBOR
        (30)
        273
CZK
    184,196
09/17/2035
LCH
3.66%
Receive
12 Month CZK PRIBOR PRBO
        (21)
     (2,016)
KRW
    187,477
09/17/2035
LCH
2.50%
Receive
3 Month KRW CD KSDA
          0
     (2,368)
PLN
    254,348
09/17/2035
LCH
4.48%
Receive
12 Month PLN WIBOR WIBO
          0
     (4,310)
SGD
    280,403
09/17/2035
LCH
2.46%
Receive
6 Month SGD SOR Telerate
        (69)
     (7,175)
CLP
    315,189
09/17/2035
CME
5.40%
Receive
6 Month CLP TNA ABIF
          0
     (9,573)
USD
    341,214
09/17/2035
LCH
3.84%
Receive
12 Month USD SOFR
        214
     (5,904)
GBP
    536,542
09/17/2035
LCH
4.13%
Receive
12 Month GBP WMBA SONIA
Compound
       (112)
     (7,735)
CLP
    771,672
09/17/2035
CME
5.38%
Receive
6 Month CLP TNA ABIF
          0
    (22,588)
KRW
    896,169
09/17/2035
LCH
2.63%
Receive
3 Month KRW CD KSDA
        882
    (22,556)
EUR
  1,637,327
09/17/2035
LCH
2.72%
Receive
12 Month EUR EURIBOR
        305
    (40,575)
SEK
  1,752,388
09/17/2035
LCH
2.91%
Receive
12 Month SEK STIBOR
        (88)
    (43,799)
USD
    231,281
09/18/2035
LCH
4.06%
Pay
12 Month USD SOFR
       (281)
        654
ZAR
    108,935
09/18/2035
LCH
10.73%
Receive
3 Month ZAR JIBAR SAFEX
          0
        197
KRW
    278,141
09/18/2035
LCH
2.68%
Receive
3 Month KRW CD KSDA
          0
     (1,915)
EUR
  2,586,715
12/12/2035
LCH
2.47%
Pay
12 Month EUR EURIBOR
     (7,096)
     11,611
 
    325,040
04/13/2036
LCH
2.72%
Receive
12 Month EUR EURIBOR
     (3,137)
     (2,595)
The accompanying notes are an integral part of the consolidated financial statements.
68

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Centrally Cleared Interest Rate Swaps (continued)
Currency
Notional
Expiration
Date
Exchange
Fixed
Rate
Pay/Receive
Variable Rate
Variable
Rate
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
EUR
  3,448,228
04/17/2036
LCH
3.00%
Pay
12 Month EUR EURIBOR
     $(2,118)
      $5,241
 
  1,705,466
06/21/2036
LCH
2.94%
Pay
12 Month EUR EURIBOR
     (1,631)
      1,453
GBP
  3,101,435
01/29/2038
LCH
4.22%
Pay
12 Month GBP WMBA SONIA
Compound
     20,952
     16,992
EUR
  3,679,133
04/15/2038
LCH
3.01%
Receive
12 Month EUR EURIBOR
       (700)
     (4,008)
 
  1,812,455
06/18/2038
LCH
2.94%
Receive
12 Month EUR EURIBOR
      1,522
     (2,082)
 
    576,274
02/15/2039
LCH
2.69%
Receive
12 Month EUR EURIBOR
    (16,235)
      5,701
GBP
  1,389,208
01/31/2040
LCH
4.22%
Receive
12 Month GBP WMBA SONIA
Compound
     (9,193)
      3,670
EUR
    442,648
02/04/2043
LCH
1.25%
Receive
12 Month EUR EURIBOR
     71,830
      7,565
USD
    400,000
04/11/2045
LCH
4.31%
Receive
12 Month USD SOFR
          0
     (1,372)
 
    937,000
04/11/2045
LCH
4.35%
Receive
12 Month USD SOFR
          0
     (5,262)
EUR
  1,068,077
06/18/2051
LCH
0.66%
Receive
12 Month EUR EURIBOR
    136,912
     37,750
 
  1,241,522
10/04/2052
LCH
2.47%
Receive
12 Month EUR EURIBOR
      6,901
    (10,883)
 
    209,538
10/20/2053
LCH
2.47%
Receive
12 Month EUR EURIBOR
       (437)
       (842)
 
    316,852
06/15/2054
LCH
2.56%
Receive
12 Month EUR EURIBOR
         47
     (8,671)
 
    810,297
08/15/2054
LCH
2.44%
Receive
12 Month EUR STR
      3,334
    (16,767)
 
  1,496,000
08/15/2054
LCH
2.41%
Receive
12 Month EUR STR
     (7,146)
     (8,200)
USD
  1,496,000
04/11/2055
LCH
3.57%
Pay
12 Month USD SOFR
          0
      2,003
 
    645,000
04/11/2055
LCH
3.56%
Pay
12 Month USD SOFR
          0
        520
EUR
  1,048,268
06/20/2055
LCH
2.25%
Receive
12 Month EUR EURIBOR
      2,449
     (6,122)
 
    372,878
10/26/2057
LCH
2.28%
Receive
12 Month EUR EURIBOR
          0
      8,385
 
1,120,927
03/19/2075
LCH
2.00%
Receive
12 Month EUR EURIBOR
      3,323
    100,391
Total Centrally Cleared Interest Rate Swaps
   $(259,361)
   $(145,859)
Total Return Swaps
Currency
Notional
Reset Date
Counter-
party
Reference Instrument
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
GBP
      1,000
05/21/2025
GST
3i Group PLC
          $0
        $(23)
 
        387
05/21/2025
JPM
3i Group PLC
          0
       (106)
CHF
    550,602
05/21/2025
GST
ABB Ltd.
          0
      6,029
 
      2,420
05/21/2025
JPM
ABB Ltd.
          0
        287
USD
     39,381
05/21/2025
MSI
Abbott Laboratories
          0
      1,413
 
      7,562
05/21/2025
GST
Abbott Laboratories
          0
         21
 
     20,686
05/21/2025
MSI
AbbVie, Inc.
          0
      2,141
EUR
    413,423
05/21/2025
GST
ABN AMRO Bank NV
          0
      5,560
 
    244,561
05/21/2025
MSI
ABN AMRO Bank NV
          0
      1,758
USD
      2,686
05/21/2025
GST
Acadia Healthcare Co., Inc.
          0
        239
 
     12,340
05/21/2025
MSI
Acadia Healthcare Co., Inc.
          0
       (664)
 
     21,650
05/21/2025
MSI
Accenture PLC
          0
       (787)
 
    108,620
05/21/2025
GST
Accenture PLC
          0
     (7,749)
EUR
      3,609
05/21/2025
JPM
Acciona SA
          0
       (800)
The accompanying notes are an integral part of the consolidated financial statements.
69

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Total Return Swaps (continued)
Currency
Notional
Reset Date
Counter-
party
Reference Instrument
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
EUR
     21,563
05/21/2025
GST
Acciona SA
          $0
     $(1,869)
 
     30,695
05/21/2025
GST
Accor SA
          0
       (279)
 
     30,627
05/21/2025
JPM
Accor SA
          0
       (429)
USD
      6,314
05/21/2025
MSI
ACM Research, Inc.
          0
        317
EUR
     54,983
05/21/2025
GST
Addiko Bank AG
          0
      1,170
SEK
     16,297
05/21/2025
MSI
AddTech AB
          0
     (1,123)
 
     10,053
05/21/2025
JPM
AddTech AB
          0
     (1,684)
 
     60,034
05/21/2025
GST
AddTech AB
          0
     (6,168)
EUR
    445,899
05/21/2025
MSI
adidas AG
          0
      7,879
 
    203,000
05/21/2025
GST
Adidas AG
          0
     (6,004)
USD
      8,059
05/21/2025
MSI
Adobe, Inc.
          0
       (566)
 
     73,449
05/21/2025
GST
Adobe, Inc.
          0
     (6,797)
 
     49,551
05/21/2025
MSI
Advanced Micro Devices, Inc.
          0
     (1,061)
 
     56,213
05/21/2025
GST
Advanced Micro Devices, Inc.
          0
     (7,746)
CAD
    178,767
05/21/2025
GST
Advantage Energy Ltd.
          0
     (1,089)
JPY
     21,026
05/21/2025
GST
Advantest Corp.
          0
      2,163
 
      1,389
05/21/2025
GST
Advantest Corp.
          0
       (143)
EUR
     76,549
05/21/2025
MSI
Adyen NV
          0
      2,423
 
     53,829
05/21/2025
JPM
Adyen NV
          0
        176
 
     44,996
05/21/2025
MSI
Aegon Ltd.
          0
     (2,095)
USD
     22,348
05/21/2025
GST
Affirm Holdings, Inc.
          0
      4,870
 
     20,882
05/21/2025
MSI
Affirm Holdings, Inc.
          0
      4,595
 
      5,775
05/21/2025
MSI
Agilent Technologies, Inc.
          0
       (251)
EUR
    123,644
05/21/2025
GST
AIB Group PLC
          0
      8,510
 
      1,689
05/21/2025
JPM
AIB Group PLC
          0
        241
USD
     26,962
05/21/2025
GST
Airbnb, Inc.
          0
      2,055
 
     15,337
05/21/2025
MSI
Airbnb, Inc.
          0
        878
 
     10,887
05/21/2025
JPM
Airbnb, Inc.
          0
        451
 
     31,946
05/21/2025
GST
Airbnb, Inc.
          0
       (850)
 
     38,193
05/21/2025
MSI
Airbnb, Inc.
          0
     (3,016)
EUR
      1,021
05/21/2025
JPM
Airbus SE
          0
       (142)
 
     34,084
05/21/2025
GST
Airbus SE
          0
     (3,360)
 
     48,203
05/21/2025
MSI
Airbus SE
          0
     (3,536)
USD
     12,832
05/21/2025
GST
Airtac International Group
          0
        984
 
      1,582
05/21/2025
GST
Akamai Technologies, Inc.
          0
       (191)
NOK
     23,539
05/21/2025
GST
Aker BP ASA
          0
       (243)
USD
      7,616
05/21/2025
MSI
Akero Therapeutics, Inc.
          0
      1,506
HKD
      2,425
05/21/2025
JPM
Akeso, Inc.
          0
       (821)
USD
      3,660
05/21/2025
JPM
Albemarle Corp.
          0
        (28)
 
      2,430
05/21/2025
MSI
Albemarle Corp.
          0
       (204)
 
      3,870
05/21/2025
GST
Albemarle Corp.
          0
       (404)
 
     15,724
05/21/2025
MSI
Alcon AG
          0
     (1,065)
CHF
     12,454
05/21/2025
GST
Alcon, Inc.
          0
       (810)
USD
     11,336
05/21/2025
GST
Alerian MLP ETF
          0
       (145)
The accompanying notes are an integral part of the consolidated financial statements.
70

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Total Return Swaps (continued)
Currency
Notional
Reset Date
Counter-
party
Reference Instrument
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
HKD
     22,557
05/21/2025
JPM
Alibaba Group Holding Ltd.
          $0
      $2,614
 
      6,735
05/21/2025
GST
Alibaba Group Holding Ltd.
          0
        423
USD
     16,533
05/21/2025
GST
Align Technology, Inc.
          0
        104
PLN
     18,584
05/21/2025
MSI
Alior Bank SA
          0
       (895)
 
    109,752
05/21/2025
GST
Alior Bank SA
          0
     (5,886)
USD
      6,938
05/21/2025
MSI
Allegro MicroSystems, Inc.
          0
        283
PLN
      9,604
05/21/2025
GST
Allegro.eu SA
          0
       (469)
USD
      7,587
05/21/2025
MSI
Alliant Energy Corp.
          0
        (44)
EUR
    679,491
05/21/2025
GST
Allianz SE
          0
    (20,871)
USD
     22,809
05/21/2025
GST
Alnylam Pharmaceuticals, Inc.
          0
      2,988
EUR
     38,333
05/21/2025
MSI
Alpha Services & Holdings SA
          0
       (480)
 
    155,343
05/21/2025
GST
Alpha Services & Holdings SA
          0
       (778)
USD
    115,814
05/21/2025
MSI
Alphabet, Inc.
          0
      3,352
 
     39,035
05/21/2025
JPM
Alphabet, Inc.
          0
      3,205
 
     37,758
05/21/2025
JPM
Alphabet, Inc.
          0
      2,947
 
     24,956
05/21/2025
GST
Alphabet, Inc.
          0
      1,881
 
        782
05/21/2025
MSI
Alphabet, Inc.
          0
         12
 
      7,671
05/21/2025
GST
Alphatec Holdings, Inc.
          0
       (245)
EUR
     23,094
05/21/2025
MSI
Alstom SA
          0
     (1,707)
 
     22,782
05/21/2025
GST
Alstom SA
          0
     (1,834)
 
     39,335
05/21/2025
GST
AlzChem Group AG
          0
      3,354
 
     20,817
05/21/2025
GST
Amadeus IT Group SA
          0
       (232)
USD
     80,983
05/21/2025
GST
Amazon.com, Inc.
          0
      8,276
 
    139,507
05/21/2025
JPM
Amazon.com, Inc.
          0
      7,291
 
    172,227
05/21/2025
MSI
Amazon.com, Inc.
          0
      4,632
 
      2,227
05/21/2025
GST
Ambarella, Inc.
          0
        (29)
 
      3,367
05/21/2025
MSI
Ambarella, Inc.
          0
        (88)
DKK
     23,725
05/21/2025
JPM
Ambu AS
          0
       (840)
 
     68,256
05/21/2025
GST
Ambu AS
          0
     (3,798)
USD
     43,544
05/21/2025
MSI
Amer Sports, Inc.
          0
      2,288
 
      7,083
05/21/2025
GST
Amer Sports, Inc.
          0
       (847)
 
     13,655
05/21/2025
MSI
American Electric Power Co., Inc.
          0
        212
 
      5,171
05/21/2025
GST
American Electric Power Co., Inc.
          0
        138
 
    151,576
05/21/2025
MSI
American Express Co.
          0
      2,143
 
     39,395
05/21/2025
GST
American Express Co.
          0
        300
 
     17,805
05/21/2025
JPM
American Express Co.
          0
     (2,442)
 
    196,468
05/21/2025
MSI
American Express Co.
          0
     (9,734)
 
    509,976
05/21/2025
GST
American Express Co.
          0
    (13,786)
 
     86,106
05/21/2025
GST
American Tower Corp.
          0
      2,931
 
      8,284
05/21/2025
MSI
American Tower Corp.
          0
        281
 
     25,055
05/21/2025
JPM
American Water Works Co., Inc.
          0
       (818)
 
    154,843
05/21/2025
MSI
Ameriprise Financial, Inc.
          0
      1,762
 
     20,376
05/21/2025
MSI
Amgen, Inc.
          0
        302
 
     13,058
05/21/2025
GST
Amicus Therapeutics, Inc.
          0
      1,888
The accompanying notes are an integral part of the consolidated financial statements.
71

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Total Return Swaps (continued)
Currency
Notional
Reset Date
Counter-
party
Reference Instrument
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
USD
      7,331
05/21/2025
JPM
Amkor Technology, Inc.
          $0
       $(992)
 
     12,527
05/21/2025
GST
Amphenol Corp.
          0
     (2,632)
 
        350
05/21/2025
GST
Analog Devices, Inc.
          0
        (40)
 
      4,309
05/21/2025
MSI
Analog Devices, Inc.
          0
       (369)
 
     22,788
05/21/2025
JPM
Analog Devices, Inc.
          0
     (3,136)
 
      6,493
05/21/2025
MSI
Anavex Life Sciences Corp.
          0
       (271)
GBP
    340,562
05/21/2025
GST
Anglo American PLC
          0
      1,096
HKD
     19,212
05/21/2025
JPM
ANTA Sports Products Ltd.
          0
        822
USD
     13,334
05/21/2025
MSI
Antero Midstream Corp.
          0
       (143)
 
    182,261
05/21/2025
GST
Antero Resources Corp.
          0
     15,747
 
    108,797
05/21/2025
MSI
Antero Resources Corp.
          0
      5,202
JPY
     85,595
05/21/2025
GST
Aozora Bank Ltd.
          0
     (5,005)
 
     89,048
05/21/2025
MSI
Aozora Bank Ltd.
          0
     (5,950)
USD
     46,485
05/21/2025
GST
APA Corp.
          0
         52
 
     17,170
05/21/2025
MSI
APA Corp.
          0
       (593)
 
      9,523
05/21/2025
MSI
Apellis Pharmaceuticals, Inc.
          0
        120
 
      5,453
05/21/2025
MSI
Apogee Therapeutics, Inc.
          0
      1,062
 
      3,252
05/21/2025
GST
Apogee Therapeutics, Inc.
          0
        634
 
     10,527
05/21/2025
GST
Apollo Global Management, Inc.
          0
     (1,483)
 
    108,345
05/21/2025
GST
Apple, Inc.
          0
    (10,443)
 
    203,760
05/21/2025
MSI
Apple, Inc.
          0
    (10,653)
 
     79,346
05/21/2025
MSI
Applied Materials, Inc.
          0
     (3,996)
 
     44,733
05/21/2025
GST
Applied Materials, Inc.
          0
     (5,001)
 
     20,075
05/21/2025
GST
AppLovin Corp.
          0
      3,624
 
      6,760
05/21/2025
GST
Arbutus Biopharma Corp.
          0
       (716)
CAD
    142,710
05/21/2025
MSI
ARC Resources Ltd.
          0
     (1,339)
USD
     71,703
05/21/2025
MSI
Archrock, Inc.
          0
        (30)
 
    498,286
05/21/2025
GST
ARES Management Corp.
          0
     56,161
 
    105,283
05/21/2025
MSI
ARES Management Corp.
          0
      8,351
 
      9,459
05/21/2025
GST
ARES Management Corp.
          0
     (1,066)
 
     14,980
05/21/2025
MSI
ARES Management Corp.
          0
     (1,188)
EUR
     41,421
05/21/2025
GST
Argenx SE
          0
      3,852
 
      3,266
05/21/2025
JPM
Argenx SE
          0
        503
 
        600
05/21/2025
MSI
Argenx SE
          0
        (48)
 
      1,201
05/21/2025
GST
Argenx SE
          0
       (112)
USD
     52,231
05/21/2025
MSI
Arista Networks, Inc.
          0
      6,674
 
     39,285
05/21/2025
GST
Arista Networks, Inc.
          0
      3,824
 
    118,235
05/21/2025
MSI
ARK Innovation ETF
          0
     (4,539)
 
     12,767
05/21/2025
MSI
ARM Holdings PLC
          0
     (1,261)
 
     30,114
05/21/2025
GST
ARM Holdings PLC
          0
     (5,355)
 
      6,800
05/21/2025
MSI
Array Technologies, Inc.
          0
        417
 
      5,667
05/21/2025
GST
ArriVent Biopharma, Inc.
          0
       (499)
JPY
      8,543
05/21/2025
GST
Asics Corp.
          0
       (810)
EUR
        392
05/21/2025
JPM
ASM International NV
          0
        (85)
The accompanying notes are an integral part of the consolidated financial statements.
72

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Total Return Swaps (continued)
Currency
Notional
Reset Date
Counter-
party
Reference Instrument
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
EUR
      9,352
05/21/2025
GST
ASM International NV
          $0
     $(1,078)
 
     11,593
05/21/2025
GST
ASML Holding NV
          0
       (634)
USD
     51,731
05/21/2025
JPM
ASML Holding NV
          0
      4,388
ZAR
      7,076
05/21/2025
GST
Aspen Pharmacare Holdings Ltd.
          0
      1,722
EUR
     38,418
05/21/2025
MSI
ASR Nederland NV
          0
       (973)
JPY
     18,956
05/21/2025
GST
Astellas Pharma, Inc.
          0
      1,378
USD
      7,060
05/21/2025
JPM
Astera Labs, Inc.
          0
     (1,299)
GBP
     44,774
05/21/2025
GST
AstraZeneca PLC
          0
      2,747
 
        770
05/21/2025
JPM
AstraZeneca PLC
          0
        (57)
 
      1,764
05/21/2025
GST
AstraZeneca PLC
          0
       (108)
USD
    140,816
05/21/2025
MSI
AT&T, Inc.
          0
        897
 
     23,328
05/21/2025
GST
AT&T, Inc.
          0
        744
SEK
      3,041
05/21/2025
MSI
Atlas Copco AB
          0
         99
 
    763,827
05/21/2025
GST
Atlas Copco AB
          0
    (19,774)
USD
      8,298
05/21/2025
JPM
Atlas Energy Solutions, Inc.
          0
        180
 
     70,258
05/21/2025
MSI
Atlassian Corp.
          0
      7,139
 
     24,819
05/21/2025
JPM
Atlassian Corp.
          0
      5,546
 
        579
05/21/2025
GST
Atlassian Corp.
          0
       (106)
 
      1,120
05/21/2025
JPM
Atlassian Corp.
          0
       (250)
 
     92,356
05/21/2025
MSI
Atmos Energy Corp.
          0
      2,577
EUR
      9,256
05/21/2025
MSI
Auto1 Group SE
          0
       (671)
 
     22,355
05/21/2025
GST
Auto1 Group SE
          0
     (1,317)
 
      7,593
05/21/2025
JPM
Auto1 Group SE
          0
     (1,630)
USD
     11,694
05/21/2025
JPM
Autodesk, Inc.
          0
     (1,470)
 
      3,720
05/21/2025
GST
Autolus Therapeutics PLC
          0
        (77)
 
      8,830
05/21/2025
GST
Automatic Data Processing, Inc.
          0
       (488)
 
      1,962
05/21/2025
GST
AutoNation, Inc.
          0
       (128)
SEK
     53,605
05/21/2025
GST
Avanza Bank Holding AB
          0
     (1,447)
 
    101,883
05/21/2025
MSI
Avanza Bank Holding AB
          0
     (3,869)
USD
      3,435
05/21/2025
GST
Aveanna Healthcare Holdings, Inc.
          0
       (317)
 
      8,870
05/21/2025
GST
Avidity Biosciences, Inc.
          0
      1,284
 
      4,451
05/21/2025
GST
Avista Corp.
          0
        (28)
 
     40,035
05/21/2025
JPM
Avista Corp.
          0
     (1,933)
 
      3,284
05/21/2025
MSI
Avnet, Inc.
          0
        277
 
      7,933
05/21/2025
GST
Avnet, Inc.
          0
         (8)
EUR
    199,383
05/21/2025
MSI
AXA SA
          0
     (8,969)
SEK
      5,615
05/21/2025
JPM
Axfood AB
          0
       (386)
 
      8,209
05/21/2025
MSI
Axfood AB
          0
       (737)
 
     12,690
05/21/2025
GST
Axfood AB
          0
     (1,077)
USD
     19,509
05/21/2025
GST
Axon Enterprise, Inc.
          0
      2,569
 
     21,402
05/21/2025
MSI
Axon Enterprise, Inc.
          0
      1,291
 
      1,626
05/21/2025
GST
Axon Enterprise, Inc.
          0
       (214)
EUR
     38,911
05/21/2025
MSI
Ayvens SA
          0
         14
 
     12,448
05/21/2025
JPM
Azelis Group NV
          0
       (970)
The accompanying notes are an integral part of the consolidated financial statements.
73

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Total Return Swaps (continued)
Currency
Notional
Reset Date
Counter-
party
Reference Instrument
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
EUR
     23,117
05/21/2025
GST
Azelis Group NV
          $0
     $(2,244)
 
     50,094
05/21/2025
MSI
Azimut Holding SpA
          0
      4,642
USD
    113,042
05/21/2025
MSI
B3 SA - Brasil Bolsa Balcao
          0
     16,106
CHF
      5,694
05/21/2025
GST
Bachem Holding AG
          0
       (408)
USD
     20,997
05/21/2025
MSI
Badger Meter, Inc.
          0
     (3,956)
 
     30,528
05/21/2025
MSI
Baker Hughes Co.
          0
      2,208
 
      9,904
05/21/2025
GST
Baker Hughes Co.
          0
        629
CHF
    116,526
05/21/2025
MSI
Baloise Holding AG
          0
      1,142
EUR
     88,386
05/21/2025
GST
Banca Generali SpA
          0
     10,772
 
     34,499
05/21/2025
MSI
Banca Generali SpA
          0
      3,352
 
    509,137
05/21/2025
GST
Banco Bilbao Vizcaya Argentaria SA
          0
      2,546
 
     82,129
05/21/2025
MSI
Banco Bilbao Vizcaya Argentaria SA
          0
     (1,371)
 
    837,621
05/21/2025
GST
Banco Santander SA
          0
     21,693
 
    211,192
05/21/2025
MSI
Banco Santander SA
          0
      5,294
ILS
    234,521
05/21/2025
MSI
Bank Hapoalim BM
          0
     (1,920)
 
    362,508
05/21/2025
MSI
Bank Leumi Le-Israel BM
          0
     (2,486)
USD
    846,683
05/21/2025
MSI
Bank of America Corp.
          0
     42,122
EUR
     39,595
05/21/2025
MSI
Bank of Cyprus Holdings PLC
          0
      1,370
 
     20,952
05/21/2025
GST
Bank of Cyprus Holdings PLC
          0
        886
 
    108,449
05/21/2025
GST
Bank of Ireland Group PLC
          0
      1,613
 
      5,652
05/21/2025
JPM
Bank of Ireland Group PLC
          0
        532
JPY
     58,195
05/21/2025
GST
Bank of Nagoya Ltd.
          0
      8,509
 
     32,335
05/21/2025
MSI
Bank of Nagoya Ltd.
          0
      5,659
USD
    396,650
05/21/2025
GST
Bank of New York Mellon Corp.
          0
      5,400
 
    450,584
05/21/2025
MSI
Bank of New York Mellon Corp.
          0
    (18,769)
 
    387,477
05/21/2025
GST
Bank of New York Mellon Corp.
          0
    (20,121)
PLN
     41,551
05/21/2025
GST
Bank Polska Kasa Opieki SA
          0
     (2,244)
 
     37,986
05/21/2025
MSI
Bank Polska Kasa Opieki SA
          0
     (3,430)
EUR
     93,721
05/21/2025
GST
Bankinter SA
          0
      5,171
 
    125,014
05/21/2025
MSI
Bankinter SA
          0
     (1,334)
CHF
     38,445
05/21/2025
MSI
Banque Cantonale Vaudoise
          0
     (1,041)
 
     55,587
05/21/2025
GST
Banque Cantonale Vaudoise
          0
     (1,625)
GBP
     82,065
05/21/2025
MSI
Barratt Redrow PLC
          0
      7,707
EUR
      3,083
05/21/2025
MSI
Basic-Fit NV
          0
        (55)
 
     32,348
05/21/2025
GST
Basic-Fit NV
          0
     (1,508)
 
    149,374
05/21/2025
GST
BAWAG Group AG
          0
     15,285
 
     41,509
05/21/2025
MSI
BAWAG Group AG
          0
        852
USD
      6,387
05/21/2025
JPM
Baxter International, Inc.
          0
       (564)
EUR
      9,322
05/21/2025
GST
Bayer AG
          0
       (664)
CAD
     34,146
05/21/2025
MSI
Baytex Energy Corp.
          0
      1,750
EUR
      8,663
05/21/2025
GST
BE Semiconductor Industries NV
          0
       (279)
GBP
     97,104
05/21/2025
MSI
Beazley PLC
          0
     (2,154)
 
    295,826
05/21/2025
GST
Beazley PLC
          0
     (8,079)
EUR
     42,269
05/21/2025
GST
Bechtle AG
          0
     (2,931)
The accompanying notes are an integral part of the consolidated financial statements.
74

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Total Return Swaps (continued)
Currency
Notional
Reset Date
Counter-
party
Reference Instrument
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
USD
      6,667
05/21/2025
MSI
Becton Dickinson & Co.
          $0
       $(167)
EUR
     28,671
05/21/2025
GST
Beiersdorf AG
          0
      1,269
 
      9,364
05/21/2025
JPM
Beiersdorf AG
          0
        991
HKD
      9,222
05/21/2025
JPM
BeiGene Ltd.
          0
     (2,266)
SEK
     16,947
05/21/2025
MSI
Beijer Ref AB
          0
       (541)
 
     30,314
05/21/2025
GST
Beijer Ref AB
          0
     (2,054)
 
     19,015
05/21/2025
JPM
Beijer Ref AB
          0
     (2,320)
CHF
     13,561
05/21/2025
JPM
Belimo Holding AG
          0
        (29)
 
     18,330
05/21/2025
MSI
Belimo Holding AG
          0
     (2,919)
USD
     63,865
05/21/2025
MSI
BellRing Brands, Inc.
          0
      1,318
 
     21,291
05/21/2025
GST
Berkshire Hathaway, Inc.
          0
      1,106
EUR
     55,987
05/21/2025
GST
BFF Bank SpA
          0
      4,791
USD
      5,503
05/21/2025
GST
Bicara Therapeutics, Inc.
          0
        748
GBP
     11,323
05/21/2025
GST
Big Yellow Group PLC
          0
       (501)
 
     10,078
05/21/2025
JPM
Big Yellow Group PLC
          0
     (1,870)
USD
      7,604
05/21/2025
MSI
Biogen, Inc.
          0
        267
 
      6,627
05/21/2025
GST
BioMarin Pharmaceutical, Inc.
          0
       (570)
EUR
     26,915
05/21/2025
MSI
BioMerieux
          0
        (24)
 
     20,752
05/21/2025
GST
BioMerieux
          0
     (1,074)
USD
      5,283
05/21/2025
JPM
Bio-Techne Corp.
          0
        198
CAD
     16,698
05/21/2025
MSI
Birchcliff Energy Ltd.
          0
       (436)
USD
      1,485
05/21/2025
MSI
Birkenstock Holding PLC
          0
        (58)
 
     42,862
05/21/2025
GST
Birkenstock Holding PLC
          0
     (4,402)
 
    510,633
05/21/2025
MSI
Blackrock, Inc.
          0
    (12,324)
 
      8,295
05/21/2025
GST
Blackstone, Inc.
          0
       (793)
 
    150,516
05/21/2025
JPM
Block, Inc.
          0
     23,432
 
     21,847
05/21/2025
GST
Block, Inc.
          0
      2,535
 
      4,627
05/21/2025
MSI
Block, Inc.
          0
        285
 
      4,747
05/21/2025
MSI
Blue Owl Capital, Inc.
          0
       (257)
 
    281,317
05/21/2025
JPM
Blue Owl Capital, Inc.
          0
    (36,343)
 
      9,765
05/21/2025
GST
Blueprint Medicines Corp.
          0
        617
EUR
    115,785
05/21/2025
MSI
BNP Paribas SA
          0
       (170)
USD
     17,751
05/21/2025
GST
Booking Holdings, Inc.
          0
     (2,647)
 
     42,150
05/21/2025
MSI
Booking Holdings, Inc.
          0
     (3,744)
 
    101,976
05/21/2025
JPM
Boston Scientific Corp.
          0
     12,622
 
     21,579
05/21/2025
MSI
Boston Scientific Corp.
          0
      1,979
 
     19,901
05/21/2025
GST
Boston Scientific Corp.
          0
        570
 
      3,021
05/21/2025
JPM
Boston Scientific Corp.
          0
       (374)
 
      5,708
05/21/2025
GST
Boston Scientific Corp.
          0
       (567)
GBP
     55,746
05/21/2025
JPM
BP PLC
          0
        241
 
      6,897
05/21/2025
GST
BP PLC
          0
        217
USD
     23,129
05/21/2025
MSI
BP PLC
          0
       (213)
EUR
     81,754
05/21/2025
GST
Brenntag AG
          0
      5,219
 
     55,604
05/21/2025
JPM
Brenntag SE
          0
      4,485
The accompanying notes are an integral part of the consolidated financial statements.
75

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Total Return Swaps (continued)
Currency
Notional
Reset Date
Counter-
party
Reference Instrument
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
USD
      9,517
05/21/2025
GST
Bridgebio Pharma, Inc.
          $0
     $(1,377)
 
      2,186
05/21/2025
JPM
Brinker International, Inc.
          0
         37
 
     21,191
05/21/2025
GST
Bristol-Myers Squibb Co.
          0
        546
GBP
    137,144
05/21/2025
GST
British American Tobacco PLC
          0
      2,575
 
     36,579
05/21/2025
JPM
British American Tobacco PLC
          0
      2,478
 
     34,099
05/21/2025
MSI
British American Tobacco PLC
          0
        614
USD
     69,974
05/21/2025
GST
Broadcom, Inc.
          0
     11,055
 
    101,465
05/21/2025
MSI
Broadcom, Inc.
          0
      7,666
CAD
      9,537
05/21/2025
MSI
Brookfield Asset Management Ltd.
          0
       (782)
USD
    689,578
05/21/2025
MSI
Brookfield Asset Management Ltd.
          0
    (65,095)
CAD
      2,870
05/21/2025
MSI
Brookfield Corp.
          0
       (220)
USD
      5,150
05/21/2025
MSI
Bruker Corp.
          0
       (218)
EUR
     15,307
05/21/2025
GST
Brunello Cucinelli SpA
          0
       (437)
 
     18,356
05/21/2025
MSI
Brunello Cucinelli SpA
          0
       (820)
 
     12,874
05/21/2025
JPM
Brunello Cucinelli SpA
          0
     (1,325)
GBP
     64,997
05/21/2025
GST
Bunzl PLC
          0
       (375)
 
     23,127
05/21/2025
MSI
Bunzl PLC
          0
     (2,995)
 
     49,324
05/21/2025
JPM
Bunzl PLC
          0
     (9,073)
 
     12,631
05/21/2025
MSI
Burberry Group PLC
          0
     (1,157)
USD
     19,079
05/21/2025
MSI
Burlington Stores, Inc.
          0
       (275)
 
     80,011
05/21/2025
MSI
Burlington Stores, Inc.
          0
     (3,722)
EUR
     45,979
05/21/2025
GST
Buzzi Unicem SpA
          0
      3,562
HKD
     46,522
05/21/2025
JPM
BYD Co. Ltd.
          0
        840
 
      7,668
05/21/2025
JPM
BYD Co., Ltd.
          0
     (1,285)
USD
     37,952
05/21/2025
MSI
Cactus, Inc.
          0
        860
 
      7,450
05/21/2025
GST
Cactus, Inc.
          0
        214
 
     61,129
05/21/2025
GST
Cadence Design Systems, Inc.
          0
     11,222
 
     19,295
05/21/2025
MSI
Cadence Design Systems, Inc.
          0
      2,440
 
      9,056
05/21/2025
GST
Cadence Design Systems, Inc.
          0
     (1,662)
EUR
    279,921
05/21/2025
MSI
CaixaBank SA
          0
      2,473
USD
      6,024
05/21/2025
MSI
California Resources Corp.
          0
        (16)
 
     13,865
05/21/2025
GST
California Resources Corp.
          0
        (77)
 
      4,130
05/21/2025
MSI
Calumet, Inc.
          0
       (503)
 
      7,255
05/21/2025
JPM
Calumet, Inc.
          0
       (568)
 
      3,854
05/21/2025
GST
Calumet, Inc.
          0
       (577)
CAD
    257,017
05/21/2025
MSI
Canadian Imperial Bank of Commerce
          0
     17,305
USD
    100,682
05/21/2025
MSI
Canadian Natural Resources Ltd.
          0
      3,881
 
      3,798
05/21/2025
GST
Canadian Natural Resources Ltd.
          0
        (97)
CAD
      9,013
05/21/2025
GST
Canadian Pacific Kansas City Ltd.
          0
         94
JPY
      8,404
05/21/2025
GST
Canon, Inc.
          0
       (562)
USD
    785,368
05/21/2025
MSI
Capital One Financial Corp.
          0
     44,549
 
     19,654
05/21/2025
GST
Capital One Financial Corp.
          0
      1,797
 
      1,869
05/21/2025
MSI
Cargurus, Inc.
          0
        (61)
EUR
      8,977
05/21/2025
GST
Carl Zeiss Meditec AG
          0
       (206)
The accompanying notes are an integral part of the consolidated financial statements.
76

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Total Return Swaps (continued)
Currency
Notional
Reset Date
Counter-
party
Reference Instrument
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
DKK
     11,663
05/21/2025
GST
Carlsberg AS
          $0
       $(111)
 
     30,472
05/21/2025
MSI
Carlsberg AS
          0
       (722)
USD
      1,391
05/21/2025
GST
Carlyle Group, Inc.
          0
       (154)
 
      3,586
05/21/2025
MSI
Carlyle Group, Inc.
          0
       (162)
 
    324,231
05/21/2025
JPM
Carlyle Group, Inc.
          0
    (15,105)
SEK
     27,252
05/21/2025
GST
Castellum AB
          0
       (588)
USD
      6,490
05/21/2025
GST
Castle Biosciences, Inc.
          0
       (335)
 
      1,447
05/21/2025
GST
Cava Group, Inc.
          0
       (217)
 
        923
05/21/2025
GST
Cavco Industries, Inc.
          0
        (65)
 
      2,332
05/21/2025
JPM
Cavco Industries, Inc.
          0
       (137)
 
    115,342
05/21/2025
GST
Cboe Global Markets, Inc.
          0
     (3,987)
 
    290,664
05/21/2025
MSI
CBOE Holdings, Inc.
          0
     (8,101)
PLN
      7,191
05/21/2025
MSI
CD Projekt SA
          0
       (403)
 
     24,576
05/21/2025
GST
CD Projekt SA
          0
       (910)
CAD
      8,154
05/21/2025
GST
Celestica, Inc.
          0
       (450)
USD
      8,236
05/21/2025
JPM
Celestica, Inc.
          0
      1,750
 
     26,709
05/21/2025
GST
Celestica, Inc.
          0
      1,201
 
     45,149
05/21/2025
MSI
Celestica, Inc.
          0
        770
 
     14,935
05/21/2025
MSI
Celldex Therapeutics, Inc.
          0
      2,000
EUR
     44,501
05/21/2025
GST
Cellnex Telecom SA
          0
       (318)
 
     39,880
05/21/2025
MSI
Cementir Holding NV
          0
      2,103
USD
     31,868
05/21/2025
MSI
Cencora, Inc.
          0
        911
 
     11,834
05/21/2025
GST
Centene Corp.
          0
        375
 
      6,917
05/21/2025
GST
CEVA, Inc.
          0
     (1,077)
 
     16,961
05/21/2025
GST
CG oncology, Inc.
          0
      5,426
 
      3,605
05/21/2025
MSI
CGI, Inc.
          0
         (1)
AUD
    128,082
05/21/2025
MSI
Challenger Ltd.
          0
     17,563
USD
     12,075
05/21/2025
MSI
Charles River Laboratories International, Inc.
          0
      1,448
 
      3,901
05/21/2025
GST
Charles River Laboratories International, Inc.
          0
        606
 
    722,052
05/21/2025
MSI
Charles Schwab Corp.
          0
     42,049
 
      4,630
05/21/2025
GST
Chart Industries, Inc.
          0
        634
 
     59,370
05/21/2025
MSI
Charter Communications, Inc.
          0
      8,422
 
     53,766
05/21/2025
GST
Charter Communications, Inc.
          0
      7,756
 
     39,281
05/21/2025
JPM
Charter Communications, Inc.
          0
      6,958
 
      8,830
05/21/2025
MSI
Chemed Corp.
          0
        108
DKK
     29,240
05/21/2025
GST
Chemometec AS
          0
        143
 
      1,230
05/21/2025
JPM
Chemometec AS
          0
       (168)
USD
     35,840
05/21/2025
GST
Chevron Corp.
          0
       (624)
 
     75,447
05/21/2025
MSI
Chewy, Inc.
          0
      5,366
 
     11,443
05/21/2025
GST
Chipotle Mexican Grill, Inc.
          0
       (278)
 
    136,421
05/21/2025
MSI
Chipotle Mexican Grill, Inc.
          0
     (4,378)
 
    123,344
05/21/2025
MSI
Chord Energy Corp.
          0
      2,076
 
     27,612
05/21/2025
JPM
Chord Energy Corp.
          0
      1,351
 
    106,487
05/21/2025
GST
Chord Energy Corp.
          0
     (2,994)
The accompanying notes are an integral part of the consolidated financial statements.
77

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Total Return Swaps (continued)
Currency
Notional
Reset Date
Counter-
party
Reference Instrument
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
USD
     15,218
05/21/2025
MSI
Cia de Saneamento Basico do Estado de Sao Paulo SABESP
          $0
      $1,379
CHF
     14,665
05/21/2025
GST
Cie Financiere Richemont SA
          0
        647
 
     45,715
05/21/2025
GST
Cie Financiere Richemont SA
          0
     (1,662)
USD
      1,381
05/21/2025
JPM
Ciena Corp.
          0
       (299)
 
      9,163
05/21/2025
MSI
Ciena Corp.
          0
       (710)
 
     10,480
05/21/2025
GST
Ciena Corp.
          0
     (1,542)
 
      3,748
05/21/2025
MSI
Cintas Corp.
          0
        (63)
 
      6,090
05/21/2025
GST
Cirrus Logic, Inc.
          0
       (728)
 
    172,392
05/21/2025
MSI
Cisco Systems, Inc.
          0
      1,895
 
        544
05/21/2025
GST
Cisco Systems, Inc.
          0
        (34)
 
      8,053
05/21/2025
JPM
Cisco Systems, Inc.
          0
       (491)
 
     10,004
05/21/2025
GST
Civitas Resources, Inc.
          0
        385
 
      3,120
05/21/2025
JPM
Civitas Resources, Inc.
          0
       (286)
 
     26,688
05/21/2025
MSI
Civitas Resources, Inc.
          0
       (644)
 
     31,647
05/21/2025
MSI
Clean Harbors, Inc.
          0
      1,300
 
        613
05/21/2025
GST
Clean Harbors, Inc.
          0
        (29)
 
      1,236
05/21/2025
MSI
Clean Harbors, Inc.
          0
        (48)
 
      9,300
05/21/2025
GST
Clearwater Analytics Holdings, Inc.
          0
        615
 
      3,492
05/21/2025
MSI
Cloudflare, Inc.
          0
       (372)
 
     13,070
05/21/2025
GST
Cloudflare, Inc.
          0
     (2,390)
 
    426,616
05/21/2025
GST
CME Group, Inc.
          0
     28,626
 
     16,561
05/21/2025
MSI
CME Group, Inc.
          0
        895
 
     22,843
05/21/2025
JPM
CMS Energy Corp.
          0
       (873)
 
     11,119
05/21/2025
GST
CNX Resources Corp.
          0
        200
 
      7,668
05/21/2025
MSI
CNX Resources Corp.
          0
        (72)
AUD
      7,027
05/21/2025
MSI
Cochlear Ltd.
          0
       (343)
USD
      7,910
05/21/2025
MSI
Cognizant Technology Solutions Corp.
          0
       (256)
 
      6,874
05/21/2025
GST
Cognizant Technology Solutions Corp.
          0
       (557)
 
     13,061
05/21/2025
MSI
Coherent Corp.
          0
      1,797
 
      6,359
05/21/2025
GST
Coherent Corp.
          0
      1,488
 
      1,849
05/21/2025
JPM
Coherent Corp.
          0
       (402)
 
     12,213
05/21/2025
MSI
Coherent Corp.
          0
     (1,680)
 
     13,603
05/21/2025
GST
Coherent Corp.
          0
     (3,184)
 
      9,139
05/21/2025
MSI
Collegium Pharmaceutical, Inc.
          0
         42
DKK
     19,002
05/21/2025
GST
Coloplast AS
          0
     (1,039)
USD
      9,666
05/21/2025
MSI
Comcast Corp.
          0
         56
 
     86,292
05/21/2025
GST
Comcast Corp.
          0
     (1,602)
CHF
     31,814
05/21/2025
GST
Comet Holding AG
          0
     (1,311)
USD
      1,781
05/21/2025
MSI
Comfort Systems USA, Inc.
          0
       (207)
 
      1,249
05/21/2025
JPM
Comfort Systems USA, Inc.
          0
       (342)
 
      4,594
05/21/2025
GST
Comfort Systems USA, Inc.
          0
       (971)
AUD
     40,996
05/21/2025
MSI
Commonwealth Bank of Australia
          0
     (2,305)
USD
      5,624
05/21/2025
GST
CONMED Corp.
          0
       (171)
 
     94,066
05/21/2025
JPM
ConocoPhillips
          0
      3,788
The accompanying notes are an integral part of the consolidated financial statements.
78

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Total Return Swaps (continued)
Currency
Notional
Reset Date
Counter-
party
Reference Instrument
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
USD
     62,422
05/21/2025
MSI
ConocoPhillips
          $0
      $1,477
 
     86,572
05/21/2025
GST
ConocoPhillips
          0
      1,033
 
     77,773
05/21/2025
MSI
Constellation Brands, Inc.
          0
     (1,557)
CAD
     10,061
05/21/2025
MSI
Constellation Software, Inc.
          0
       (660)
USD
      1,545
05/21/2025
GST
Construction Partners, Inc.
          0
       (180)
GBP
     10,266
05/21/2025
GST
ConvaTec Group PLC
          0
       (205)
USD
     10,278
05/21/2025
GST
Copart, Inc.
          0
       (403)
 
      9,498
05/21/2025
GST
Corcept Therapeutics, Inc.
          0
     (1,356)
 
      9,787
05/21/2025
GST
CoreCivic, Inc.
          0
        514
 
     16,641
05/21/2025
MSI
CoreCivic, Inc.
          0
        407
 
      1,003
05/21/2025
MSI
Corning, Inc.
          0
        (62)
 
     78,836
05/21/2025
MSI
Corpay, Inc.
          0
     (3,158)
 
     74,565
05/21/2025
GST
Corpay, Inc.
          0
     (6,778)
 
      9,034
05/21/2025
GST
CorVel Corp.
          0
        116
CHF
        789
05/21/2025
GST
COSMO Pharmaceuticals NV
          0
        (33)
USD
      8,956
05/21/2025
GST
Coterra Energy, Inc.
          0
        (90)
 
     62,870
05/21/2025
MSI
Coterra Energy, Inc.
          0
     (1,887)
EUR
     22,852
05/21/2025
GST
Covivio SA
          0
        641
 
      1,244
05/21/2025
MSI
Covivio SA
          0
          7
 
      6,503
05/21/2025
JPM
Covivio SA
          0
       (517)
 
    409,317
05/21/2025
MSI
Credit Agricole SA
          0
     11,575
USD
        823
05/21/2025
MSI
Credo Technology Group Holding Ltd.
          0
        (81)
 
     16,565
05/21/2025
GST
Crescent Energy Co.
          0
       (368)
 
      9,281
05/21/2025
MSI
Crescent Energy Co.
          0
       (622)
GBP
    613,986
05/21/2025
GST
CRH PLC
          0
     14,697
USD
     11,449
05/21/2025
JPM
Crinetics Pharmaceuticals, Inc.
          0
      3,042
 
      5,764
05/21/2025
JPM
CRISPR Therapeutics AG
          0
     (1,120)
 
      1,451
05/21/2025
GST
Crowdstrike Holdings, Inc.
          0
       (265)
 
     35,352
05/21/2025
MSI
Crowdstrike Holdings, Inc.
          0
     (3,246)
 
    147,951
05/21/2025
MSI
Crown Castle, Inc.
          0
      7,728
AUD
      6,845
05/21/2025
MSI
CSL Ltd.
          0
       (212)
USD
     88,804
05/21/2025
GST
Custom Basket/Unknown Index/ID
          0
       (133)
EUR
     11,041
05/21/2025
GST
CVC Capital Partners PLC
          0
       (282)
 
     28,587
05/21/2025
MSI
CVC Capital Partners PLC
          0
       (440)
USD
     11,096
05/21/2025
MSI
CVS Health Corp.
          0
        356
 
     37,942
05/21/2025
JPM
CyberArk Software Ltd.
          0
      5,726
 
      2,816
05/21/2025
GST
CyberArk Software Ltd.
          0
       (353)
 
     17,044
05/21/2025
MSI
Cytokinetics, Inc.
          0
      1,892
CHF
      1,831
05/21/2025
JPM
Daetwyler Holding AG
          0
       (135)
 
     19,420
05/21/2025
MSI
Daetwyler Holding AG
          0
       (284)
JPY
     20,043
05/21/2025
GST
Daiichi Sankyo Co., Ltd.
          0
      2,815
EUR
     32,148
05/21/2025
GST
Daimler Truck Holding AG
          0
       (134)
JPY
    116,321
05/21/2025
GST
Daiwa Securities Group, Inc.
          0
     (2,682)
 
     84,259
05/21/2025
MSI
Daiwa Securities Group, Inc.
          0
     (2,968)
The accompanying notes are an integral part of the consolidated financial statements.
79

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Total Return Swaps (continued)
Currency
Notional
Reset Date
Counter-
party
Reference Instrument
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
USD
     27,189
05/21/2025
GST
Danaher Corp.
          $0
      $2,112
 
      8,926
05/21/2025
MSI
Danaher Corp.
          0
        442
EUR
     81,871
05/21/2025
JPM
Danone SA
          0
      8,438
 
     19,467
05/21/2025
GST
Danone SA
          0
        645
 
      3,306
05/21/2025
MSI
Danone SA
          0
        148
USD
     18,267
05/21/2025
MSI
Darling Ingredients, Inc.
          0
     (1,659)
EUR
     82,642
05/21/2025
GST
Dassault Aviation SA
          0
      5,289
USD
     25,843
05/21/2025
JPM
Datadog, Inc.
          0
      4,090
 
      9,870
05/21/2025
GST
Datadog, Inc.
          0
      1,470
 
      4,351
05/21/2025
MSI
Datadog, Inc.
          0
        348
 
      7,762
05/21/2025
JPM
Datadog, Inc.
          0
     (1,228)
 
     18,047
05/21/2025
MSI
Datadog, Inc.
          0
     (1,874)
 
     33,790
05/21/2025
GST
Datadog, Inc.
          0
     (5,031)
 
      8,706
05/21/2025
MSI
Dayforce, Inc.
          0
        321
EUR
     50,783
05/21/2025
GST
Delivery Hero SE
          0
      1,057
 
      4,859
05/21/2025
MSI
Delivery Hero SE
          0
       (318)
 
     12,185
05/21/2025
JPM
Delivery Hero SE
          0
     (1,942)
USD
      5,602
05/21/2025
MSI
Dell Technologies, Inc.
          0
       (455)
 
     12,935
05/21/2025
GST
Dell Technologies, Inc.
          0
     (1,471)
 
      5,584
05/21/2025
MSI
Denali Therapeutics, Inc.
          0
      1,476
EUR
    514,507
05/21/2025
JPM
Deutsche Bank AG
          0
     18,885
 
    207,890
05/21/2025
MSI
Deutsche Bank AG
          0
      1,329
 
    211,026
05/21/2025
GST
Deutsche Bank AG
          0
       (904)
USD
      9,127
05/21/2025
JPM
Devon Energy Corp.
          0
       (574)
 
     45,134
05/21/2025
GST
Devon Energy Corp.
          0
     (1,424)
 
     35,834
05/21/2025
MSI
Devon Energy Corp.
          0
     (2,361)
 
     58,091
05/21/2025
MSI
Diamondback Energy, Inc.
          0
      1,974
 
     21,441
05/21/2025
GST
Diamondback Energy, Inc.
          0
        (55)
EUR
     52,466
05/21/2025
GST
DiaSorin SpA
          0
      1,572
 
     10,310
05/21/2025
JPM
DiaSorin SpA
          0
      1,192
USD
    134,496
05/21/2025
MSI
Dick's Sporting Goods, Inc.
          0
      2,742
 
     10,097
05/21/2025
GST
Digital Realty Trust, Inc.
          0
       (980)
 
    100,059
05/21/2025
MSI
Digital Realty Trust, Inc.
          0
     (6,218)
 
      7,124
05/21/2025
MSI
Diodes, Inc.
          0
       (556)
 
     13,123
05/21/2025
GST
Disc Medicine, Inc.
          0
      2,296
JPY
     20,986
05/21/2025
GST
Disco Corp.
          0
        827
 
        945
05/21/2025
GST
Disco Corp.
          0
        (37)
 
        320
05/21/2025
JPM
Disco Corp.
          0
        (58)
 
      9,693
05/21/2025
MSI
Disco Corp.
          0
       (183)
USD
        496
05/21/2025
GST
Discover Financial Services
          0
        (52)
 
      1,056
05/21/2025
JPM
Discover Financial Services
          0
       (223)
GBP
     11,555
05/21/2025
GST
Diversified Energy Co. PLC
          0
       (603)
EUR
  1,101,768
05/21/2025
MSI
DJS Banks
          0
    (54,409)
USD
     32,422
05/21/2025
GST
Docusign, Inc.
          0
      4,447
The accompanying notes are an integral part of the consolidated financial statements.
80

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Total Return Swaps (continued)
Currency
Notional
Reset Date
Counter-
party
Reference Instrument
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
USD
      6,979
05/21/2025
JPM
Docusign, Inc.
          $0
        $951
 
      9,996
05/21/2025
MSI
Docusign, Inc.
          0
        550
 
     25,733
05/21/2025
MSI
Dollar General Corp.
          0
      1,531
 
     21,325
05/21/2025
MSI
Dollar Tree, Inc.
          0
     (2,961)
CAD
      3,291
05/21/2025
JPM
Dollarama, Inc.
          0
       (429)
USD
     15,488
05/21/2025
MSI
Dominion Energy, Inc.
          0
        282
 
    176,068
05/21/2025
MSI
Domino's Pizza, Inc.
          0
      6,840
 
     11,512
05/21/2025
GST
DoorDash, Inc.
          0
     (1,412)
 
     85,222
05/21/2025
MSI
DoorDash, Inc.
          0
     (6,015)
 
      5,323
05/21/2025
MSI
Doximity, Inc.
          0
       (365)
 
     14,895
05/21/2025
JPM
Dr. Reddy's Laboratories Ltd.
          0
     (1,587)
 
     94,750
05/21/2025
MSI
DraftKings, Inc.
          0
       (706)
 
      3,855
05/21/2025
MSI
DTE Energy Co.
          0
       (118)
 
     24,438
05/21/2025
JPM
DTE Energy Co.
          0
     (1,729)
 
     22,982
05/21/2025
MSI
Dutch Bros, Inc.
          0
        734
 
     33,869
05/21/2025
JPM
Dynatrace, Inc.
          0
      4,271
 
      1,940
05/21/2025
GST
Dynatrace, Inc.
          0
        221
 
      1,652
05/21/2025
MSI
Dynatrace, Inc.
          0
        133
 
      6,055
05/21/2025
GST
Dynavax Technologies Corp.
          0
       (760)
EUR
     11,532
05/21/2025
JPM
E.ON SE
          0
        262
 
      4,957
05/21/2025
MSI
E.ON SE
          0
        186
 
     47,118
05/21/2025
GST
E.ON SE
          0
       (235)
USD
        519
05/21/2025
GST
Eaton Corp. PLC
          0
        (70)
 
      1,262
05/21/2025
JPM
Eaton Corp. PLC
          0
       (210)
 
     76,762
05/21/2025
MSI
Eaton Corp. PLC
          0
     (4,778)
 
     19,043
05/21/2025
MSI
eBay, Inc.
          0
        928
 
      8,269
05/21/2025
GST
eBay, Inc.
          0
       (319)
EUR
     12,319
05/21/2025
GST
EDP Renovaveis SA
          0
       (646)
 
     52,321
05/21/2025
MSI
EDP Renovaveis SA
          0
     (4,450)
USD
     52,108
05/21/2025
GST
Edwards Lifesciences Corp.
          0
      4,736
JPY
      8,465
05/21/2025
GST
Eisai Co., Ltd.
          0
        319
USD
     10,812
05/21/2025
GST
Elanco Animal Health, Inc.
          0
      1,275
 
     10,633
05/21/2025
MSI
Elastic NV
          0
       (831)
 
      7,340
05/21/2025
GST
Elastic NV
          0
     (1,021)
 
     97,344
05/21/2025
GST
Eli Lilly & Co.
          0
      9,631
 
     16,556
05/21/2025
MSI
Eli Lilly & Co.
          0
      2,322
EUR
    130,959
05/21/2025
GST
Elis SA
          0
      7,110
 
      6,836
05/21/2025
MSI
Elis SA
          0
        430
 
        312
05/21/2025
JPM
Elis SA
          0
         63
USD
      1,170
05/21/2025
MSI
EMCOR Group, Inc.
          0
        (32)
 
        363
05/21/2025
GST
EMCOR Group, Inc.
          0
        (38)
CHF
     23,144
05/21/2025
GST
Emmi AG
          0
       (795)
 
     14,135
05/21/2025
JPM
Emmi AG
          0
       (997)
CAD
     15,769
05/21/2025
MSI
Enbridge, Inc.
          0
       (691)
The accompanying notes are an integral part of the consolidated financial statements.
81

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Total Return Swaps (continued)
Currency
Notional
Reset Date
Counter-
party
Reference Instrument
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
CAD
     32,149
05/21/2025
GST
Enbridge, Inc.
          $0
     $(1,141)
JPY
      7,478
05/21/2025
GST
ENEOS Holdings, Inc.
          0
        (63)
 
      3,255
05/21/2025
MSI
ENEOS Holdings, Inc.
          0
       (112)
 
     17,031
05/21/2025
JPM
ENEOS Holdings, Inc.
          0
     (2,112)
USD
    675,135
05/21/2025
MSI
Energy Select Sector SPDR Fund
          0
     (7,586)
SEK
      1,096
05/21/2025
MSI
Engcon AB
          0
         68
 
     16,531
05/21/2025
GST
Engcon AB
          0
        (19)
 
      6,630
05/21/2025
JPM
Engcon AB
          0
       (516)
EUR
     54,870
05/21/2025
GST
Eni SpA
          0
     (1,168)
USD
      5,320
05/21/2025
GST
Enliven Therapeutics, Inc.
          0
       (892)
HKD
     13,143
05/21/2025
JPM
ENN Energy Holdings Ltd.
          0
        125
 
      3,151
05/21/2025
MSI
ENN Energy Holdings Ltd.
          0
         40
USD
     14,039
05/21/2025
MSI
Enphase Energy, Inc.
          0
       (618)
 
      6,730
05/21/2025
JPM
Ensign Group, Inc.
          0
       (235)
 
      8,622
05/21/2025
JPM
Entegris, Inc.
          0
     (1,584)
 
     55,467
05/21/2025
GST
Enterprise Products Partners LP
          0
        685
 
      2,283
05/21/2025
JPM
Enterprise Products Partners LP
          0
         50
 
      8,875
05/21/2025
MSI
Enterprise Products Partners LP
          0
       (145)
NOK
     11,994
05/21/2025
GST
Entra ASA
          0
       (253)
SEK
    415,185
05/21/2025
JPM
Epiroc AB
          0
     29,007
 
     14,536
05/21/2025
MSI
EQT AB
          0
       (627)
 
      4,334
05/21/2025
JPM
EQT AB
          0
       (889)
 
    179,142
05/21/2025
GST
EQT AB
          0
    (16,950)
USD
     68,802
05/21/2025
GST
EQT Corp.
          0
      2,540
 
    199,668
05/21/2025
MSI
EQT Corp.
          0
     (4,825)
 
    148,120
05/21/2025
GST
Equifax, Inc.
          0
    (30,850)
 
    293,441
05/21/2025
MSI
Equifax, Inc.
          0
    (44,989)
 
     10,052
05/21/2025
GST
Equinix, Inc.
          0
     (1,138)
 
     14,743
05/21/2025
JPM
Equinix, Inc.
          0
     (1,612)
 
    106,311
05/21/2025
MSI
Equinix, Inc.
          0
     (9,890)
EUR
      4,899
05/21/2025
JPM
Erste Group Bank AG
          0
        451
 
    107,861
05/21/2025
GST
Erste Group Bank AG
          0
     (2,128)
 
    155,074
05/21/2025
MSI
Erste Group Bank AG
          0
     (3,685)
 
     22,762
05/21/2025
GST
EssilorLuxottica SA
          0
       (342)
 
     45,686
05/21/2025
JPM
EssilorLuxottica SA
          0
     (1,494)
 
  1,215,725
05/21/2025
MSI
EURO STOXX Banks Index
          0
    (33,772)
 
     36,065
05/21/2025
MSI
Eurobank Ergasias Services & Holdings SA
          0
     (2,005)
 
     23,167
05/21/2025
GST
Eurofins Scientific SE
          0
     (2,850)
USD
        808
05/21/2025
JPM
Euronet Worldwide, Inc.
          0
        (84)
 
      2,974
05/21/2025
MSI
Euronet Worldwide, Inc.
          0
        (98)
 
     13,847
05/21/2025
GST
Euronet Worldwide, Inc.
          0
     (1,117)
 
      7,680
05/21/2025
GST
Evergy, Inc.
          0
        128
 
      9,188
05/21/2025
MSI
Evolent Health, Inc.
          0
        564
 
      5,860
05/21/2025
MSI
Evotec SE
          0
      1,443
The accompanying notes are an integral part of the consolidated financial statements.
82

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Total Return Swaps (continued)
Currency
Notional
Reset Date
Counter-
party
Reference Instrument
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
USD
     22,326
05/21/2025
GST
Exact Sciences Corp.
          $0
      $1,316
 
     11,585
05/21/2025
MSI
Excelerate Energy, Inc.
          0
       (356)
 
     10,816
05/21/2025
MSI
Exelixis, Inc.
          0
       (773)
 
      8,994
05/21/2025
MSI
ExlService Holdings, Inc.
          0
       (508)
 
     24,996
05/21/2025
GST
ExlService Holdings, Inc.
          0
     (2,977)
 
    261,957
05/21/2025
JPM
Expand Energy Corp.
          0
     10,053
 
     65,638
05/21/2025
GST
Expand Energy Corp.
          0
      1,066
 
     30,227
05/21/2025
MSI
Expand Energy Corp.
          0
        (96)
 
      6,064
05/21/2025
MSI
Expedia Group, Inc.
          0
       (214)
 
      2,657
05/21/2025
JPM
Expedia Group, Inc.
          0
       (325)
GBP
     40,549
05/21/2025
GST
Experian PLC
          0
     (2,309)
 
     21,192
05/21/2025
JPM
Experian PLC
          0
     (3,640)
USD
     47,249
05/21/2025
JPM
Exxon Mobil Corp.
          0
      1,235
 
     17,630
05/21/2025
MSI
Exxon Mobil Corp.
          0
        433
 
     52,254
05/21/2025
GST
Exxon Mobil Corp.
          0
        139
SEK
     95,647
05/21/2025
GST
Fabege AB
          0
        416
USD
      8,106
05/21/2025
MSI
Fabrinet
          0
       (712)
 
     29,843
05/21/2025
GST
Fabrinet
          0
     (5,633)
 
     12,214
05/21/2025
MSI
FactSet Research Systems, Inc.
          0
        112
JPY
     12,801
05/21/2025
GST
Fast Retailing Co., Ltd.
          0
       (211)
SEK
      7,636
05/21/2025
MSI
Fastighets AB Balder
          0
       (193)
 
     27,172
05/21/2025
GST
Fastighets AB Balder
          0
       (469)
 
      6,450
05/21/2025
JPM
Fastighets AB Balder
          0
     (1,028)
EUR
      5,788
05/21/2025
MSI
Ferrari NV
          0
        203
USD
     18,641
05/21/2025
MSI
Fidelity National Information Services, Inc.
          0
      2,341
 
      1,375
05/21/2025
GST
Fidelity National Information Services, Inc.
          0
         45
EUR
      3,884
05/21/2025
JPM
Fielmann Group AG
          0
     (1,031)
 
     23,394
05/21/2025
GST
Fielmann Group AG
          0
     (3,506)
 
    204,912
05/21/2025
MSI
FinecoBank Banca Fineco SpA
          0
      5,390
 
     85,273
05/21/2025
GST
FinecoBank Banca Fineco SpA
          0
      4,284
USD
      9,104
05/21/2025
JPM
First Solar, Inc.
          0
        296
 
     11,369
05/21/2025
GST
First Solar, Inc.
          0
        (45)
 
      5,332
05/21/2025
JPM
First Solar, Inc.
          0
       (173)
 
     49,746
05/21/2025
MSI
First Solar, Inc.
          0
     (1,180)
 
      7,921
05/21/2025
MSI
FirstEnergy Corp.
          0
       (355)
 
     28,374
05/21/2025
JPM
FirstEnergy Corp.
          0
     (3,057)
 
     29,457
05/21/2025
GST
Fiserv, Inc.
          0
      1,402
 
      6,526
05/21/2025
MSI
Fiserv, Inc.
          0
        804
 
     30,912
05/21/2025
GST
Fiserv, Inc.
          0
     (3,411)
AUD
     14,538
05/21/2025
JPM
Fisher & Paykel Healthcare Corp. Ltd.
          0
       (371)
NZD
      3,362
05/21/2025
MSI
Fisher & Paykel Healthcare Corp. Ltd.
          0
        (53)
USD
     25,477
05/21/2025
MSI
Five Below, Inc.
          0
       (509)
 
      3,731
05/21/2025
GST
FLEX LNG Ltd.
          0
       (138)
 
      3,237
05/21/2025
MSI
FLEX LNG Ltd.
          0
       (160)
The accompanying notes are an integral part of the consolidated financial statements.
83

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Total Return Swaps (continued)
Currency
Notional
Reset Date
Counter-
party
Reference Instrument
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
USD
     13,067
05/21/2025
GST
Flex Ltd.
          $0
      $1,631
 
      1,836
05/21/2025
GST
Flowco Holdings, Inc.
          0
          1
 
     18,810
05/21/2025
MSI
Flowco Holdings, Inc.
          0
       (510)
EUR
     45,088
05/21/2025
GST
Fluidra SA
          0
      1,153
 
     18,272
05/21/2025
JPM
Fluidra SA
          0
        863
 
     19,828
05/21/2025
MSI
Fluidra SA
          0
        627
USD
      7,147
05/21/2025
GST
FormFactor, Inc.
          0
       (901)
 
      7,341
05/21/2025
MSI
Fortinet, Inc.
          0
       (337)
 
     11,868
05/21/2025
GST
Fortinet, Inc.
          0
     (1,413)
 
     11,176
05/21/2025
JPM
Fortinet, Inc.
          0
     (2,002)
 
        501
05/21/2025
MSI
Fox Corp.
          0
          3
 
    108,489
05/21/2025
GST
Fox Corp.
          0
     (5,929)
 
    364,898
05/21/2025
MSI
Freeport-McMoRan, Inc.
          0
      6,283
 
      7,673
05/21/2025
GST
Freeport-McMoRan, Inc.
          0
       (287)
EUR
      9,578
05/21/2025
GST
Fresenius SE & Co. KGaA
          0
       (574)
USD
      1,082
05/21/2025
JPM
FTAI Aviation Ltd.
          0
       (204)
EUR
     57,759
05/21/2025
GST
FUCHS SE
          0
      3,021
 
        906
05/21/2025
JPM
FUCHS SE
          0
        113
JPY
     33,577
05/21/2025
GST
Fujikura Ltd.
          0
      5,096
 
      8,973
05/21/2025
GST
Fujitsu Ltd.
          0
       (726)
CHF
     61,928
05/21/2025
JPM
Galderma Group AG
          0
     15,237
 
     51,981
05/21/2025
GST
Galderma Group AG
          0
     12,699
 
        454
05/21/2025
JPM
Galderma Group AG
          0
       (111)
 
      1,047
05/21/2025
GST
Galderma Group AG
          0
       (256)
GBP
     19,431
05/21/2025
GST
Gamma Communications PLC
          0
     (1,665)
USD
      6,458
05/21/2025
MSI
Gartner, Inc.
          0
       (280)
 
     17,661
05/21/2025
GST
Gartner, Inc.
          0
     (1,287)
 
      3,757
05/21/2025
GST
GE Vernova, Inc.
          0
        693
 
      4,600
05/21/2025
MSI
GE Vernova, Inc.
          0
        592
 
        626
05/21/2025
GST
GE Vernova, Inc.
          0
       (115)
 
      1,643
05/21/2025
MSI
GE Vernova, Inc.
          0
       (211)
CHF
     52,833
05/21/2025
JPM
Geberit AG
          0
     (6,694)
EUR
     10,451
05/21/2025
GST
Gecina SA
          0
        (41)
 
      7,978
05/21/2025
JPM
Gecina SA
          0
       (751)
USD
      6,307
05/21/2025
JPM
Generac Holdings, Inc.
          0
       (213)
 
     35,418
05/21/2025
MSI
Generac Holdings, Inc.
          0
       (840)
 
     69,064
05/21/2025
GST
Generac Holdings, Inc.
          0
     (5,054)
 
      3,389
05/21/2025
GST
General Electric Co.
          0
       (441)
EUR
    154,529
05/21/2025
MSI
Generali
          0
      1,720
USD
      7,146
05/21/2025
GST
Genius Sports Ltd.
          0
        666
GBP
     40,917
05/21/2025
MSI
Genuit Group PLC
          0
      1,784
 
      3,546
05/21/2025
GST
Genus PLC
          0
        521
EUR
      6,884
05/21/2025
GST
Gerresheimer AG
          0
        996
 
     32,216
05/21/2025
GST
Gerresheimer AG
          0
         71
The accompanying notes are an integral part of the consolidated financial statements.
84

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Total Return Swaps (continued)
Currency
Notional
Reset Date
Counter-
party
Reference Instrument
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
SEK
      7,421
05/21/2025
GST
Getinge AB
          $0
       $(155)
USD
      8,659
05/21/2025
GST
Gilead Sciences, Inc.
          0
       (183)
 
     37,119
05/21/2025
GST
Gitlab, Inc.
          0
      5,164
CHF
     70,279
05/21/2025
JPM
Givaudan SA
          0
     (9,308)
USD
     11,567
05/21/2025
GST
Glaukos Corp.
          0
        779
GBP
     10,501
05/21/2025
GST
Glencore PLC
          0
       (427)
USD
     71,113
05/21/2025
GST
Global Payments, Inc.
          0
     (9,317)
 
      1,266
05/21/2025
JPM
Global-e Online Ltd.
          0
       (242)
 
      6,169
05/21/2025
MSI
GLOBALFOUNDRIES, Inc.
          0
         32
 
     20,345
05/21/2025
GST
GLOBALFOUNDRIES, Inc.
          0
     (2,205)
 
      6,523
05/21/2025
GST
Globus Medical, Inc.
          0
       (224)
 
     22,799
05/21/2025
GST
GoDaddy, Inc.
          0
      3,191
 
      8,225
05/21/2025
MSI
GoDaddy, Inc.
          0
       (627)
EUR
     97,486
05/21/2025
GST
Goldman Sachs EUR Volatility Carry Index
          0
       (173)
USD
    296,540
05/21/2025
GST
Goldman Sachs FV Weekly Index
          0
       (384)
 
  1,651,469
05/21/2025
MSI
Goldman Sachs Group, Inc.
          0
    117,664
 
    136,752
05/21/2025
GST
Goldman Sachs TY Weekly Vol Index
          0
          1
 
      2,185
05/21/2025
JPM
Grab Holdings Ltd.
          0
       (879)
GBP
     30,829
05/21/2025
GST
Grainger PLC
          0
       (308)
 
      6,798
05/21/2025
JPM
Grainger PLC
          0
       (946)
 
     19,167
05/21/2025
GST
Great Portland Estates PLC
          0
       (330)
 
      1,632
05/21/2025
MSI
Greggs PLC
          0
        (21)
 
     16,102
05/21/2025
GST
Greggs PLC
          0
       (170)
 
      6,003
05/21/2025
JPM
Greggs PLC
          0
       (655)
EUR
     15,303
05/21/2025
MSI
Grenke AG
          0
        (31)
USD
        386
05/21/2025
GST
Group 1 Automotive, Inc.
          0
        (17)
 
      1,154
05/21/2025
JPM
Group 1 Automotive, Inc.
          0
        (57)
JPY
    506,751
05/21/2025
GST
GS Japan Regional Banks Index
          0
     35,812
GBP
     23,509
05/21/2025
GST
GSK PLC
          0
      2,028
USD
     11,975
05/21/2025
MSI
Guardant Health, Inc.
          0
        635
 
     56,621
05/21/2025
GST
Guidewire Software, Inc.
          0
      6,653
 
     12,973
05/21/2025
MSI
Guidewire Software, Inc.
          0
        746
HKD
      6,408
05/21/2025
MSI
Gushengtang Holdings Ltd.
          0
       (222)
SEK
     33,352
05/21/2025
GST
H & M Hennes & Mauritz AB
          0
        283
 
     24,057
05/21/2025
JPM
H & M Hennes & Mauritz AB
          0
     (3,592)
USD
     83,838
05/21/2025
MSI
HA Sustainable Infrastructure Capital, Inc.
          0
      4,266
GBP
      2,206
05/21/2025
JPM
Haleon PLC
          0
        131
 
      4,136
05/21/2025
MSI
Haleon PLC
          0
        (19)
 
    113,817
05/21/2025
GST
Haleon PLC
          0
     (2,821)
USD
      9,733
05/21/2025
JPM
Halozyme Therapeutics, Inc.
          0
       (339)
 
     12,840
05/21/2025
MSI
Hanmi Semiconductor Co. Ltd.
          0
         (9)
EUR
    127,219
05/21/2025
GST
Hannover Rueck SE
          0
     (1,349)
 
    249,268
05/21/2025
MSI
Hannover Rueck SE
          0
     (6,996)
HKD
     15,947
05/21/2025
JPM
Hansoh Pharmaceutical Group Co., Ltd.
          0
     (2,647)
The accompanying notes are an integral part of the consolidated financial statements.
85

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Total Return Swaps (continued)
Currency
Notional
Reset Date
Counter-
party
Reference Instrument
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
USD
      5,993
05/21/2025
GST
Hapvida Participacoes e Investimentos SA
          $0
        $400
 
      7,763
05/21/2025
MSI
Harmony Biosciences Holdings, Inc.
          0
       (194)
SEK
     17,210
05/21/2025
GST
Haypp Group AB
          0
        375
USD
     77,404
05/21/2025
MSI
HDFC Bank Ltd.
          0
        810
CAD
     14,064
05/21/2025
MSI
Headwater Exploration, Inc.
          0
        337
USD
     78,621
05/21/2025
MSI
Health Care Select Sector SPDR Fund
          0
     (1,587)
 
      1,578
05/21/2025
MSI
HealthEquity, Inc.
          0
        (51)
EUR
     10,509
05/21/2025
JPM
Heidelberg Materials AG
          0
      2,476
 
     61,805
05/21/2025
GST
Heidelberger Cement AG
          0
      5,455
USD
     19,807
05/21/2025
GST
Henry Schein, Inc.
          0
       (593)
EUR
     39,918
05/21/2025
GST
Hensoldt AG
          0
      2,127
 
      5,335
05/21/2025
MSI
Hermes International SCA
          0
       (137)
 
      6,996
05/21/2025
JPM
Hermes International SCA
          0
       (956)
 
     71,464
05/21/2025
GST
Hermes International SCA
          0
     (3,357)
SEK
     15,847
05/21/2025
GST
Hexpol AB
          0
        218
 
      2,928
05/21/2025
MSI
Hexpol AB
          0
        (19)
USD
        757
05/21/2025
GST
HF Sinclair Corp.
          0
        (25)
 
      9,284
05/21/2025
JPM
HF Sinclair Corp.
          0
       (849)
 
     18,474
05/21/2025
MSI
HF Sinclair Corp.
          0
     (1,793)
 
      4,744
05/21/2025
JPM
HighPeak Energy, Inc.
          0
        474
 
      6,368
05/21/2025
MSI
HighPeak Energy, Inc.
          0
        336
GBP
     45,696
05/21/2025
JPM
Hikma Pharmaceuticals PLC
          0
      5,251
 
      7,903
05/21/2025
GST
Hikma Pharmaceuticals PLC
          0
       (461)
 
     11,201
05/21/2025
GST
Hill & Smith Holdings PLC
          0
        674
USD
      3,062
05/21/2025
JPM
Hilton Worldwide Holdings, Inc.
          0
       (320)
 
     20,459
05/21/2025
GST
Hilton Worldwide Holdings, Inc.
          0
     (2,089)
 
     87,275
05/21/2025
MSI
Hilton Worldwide Holdings, Inc.
          0
     (5,848)
GBP
    120,329
05/21/2025
MSI
Hiscox Ltd.
          0
     (6,041)
 
    101,094
05/21/2025
GST
Hiscox Ltd.
          0
     (6,089)
JPY
      3,519
05/21/2025
GST
Hitachi Ltd.
          0
        (90)
EUR
      6,113
05/21/2025
GST
HOCHTIEF AG
          0
       (209)
 
     20,936
05/21/2025
JPM
HOCHTIEF AG
          0
     (4,592)
JPY
    147,668
05/21/2025
GST
Hokuhoku Financial Group, Inc.
          0
     17,858
 
     54,876
05/21/2025
MSI
Hokuhoku Financial Group, Inc.
          0
      8,171
CHF
     62,357
05/21/2025
GST
Holcim AG
          0
      3,696
USD
      3,530
05/21/2025
GST
Hologic, Inc.
          0
         78
 
     11,090
05/21/2025
JPM
Hologic, Inc.
          0
       (556)
 
     29,208
05/21/2025
MSI
Home Depot, Inc.
          0
        352
 
      9,019
05/21/2025
GST
Home Depot, Inc.
          0
       (353)
 
     13,187
05/21/2025
GST
Hon Hai Precision Industry Co. Ltd.
          0
       (250)
 
      2,895
05/21/2025
JPM
Howmet Aerospace, Inc.
          0
       (570)
JPY
     28,241
05/21/2025
GST
Hoya Corp.
          0
      2,142
 
      6,645
05/21/2025
GST
Hoya Corp.
          0
       (504)
USD
     57,336
05/21/2025
JPM
HubSpot, Inc.
          0
     12,987
The accompanying notes are an integral part of the consolidated financial statements.
86

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Total Return Swaps (continued)
Currency
Notional
Reset Date
Counter-
party
Reference Instrument
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
USD
      3,830
05/21/2025
MSI
HubSpot, Inc.
          $0
        $450
 
      1,038
05/21/2025
GST
HubSpot, Inc.
          0
        185
SEK
     32,882
05/21/2025
GST
Hufvudstaden AB
          0
       (448)
USD
     32,119
05/21/2025
MSI
Humana, Inc.
          0
     (2,748)
 
    466,828
05/21/2025
MSI
Huntington Bancshares, Inc.
          0
    (28,557)
 
        208
05/21/2025
GST
Hyatt Hotels Corp.
          0
        (17)
 
        530
05/21/2025
JPM
Hyatt Hotels Corp.
          0
        (33)
 
     40,165
05/21/2025
MSI
Hynix Semiconductors
          0
       (106)
JPY
     18,204
05/21/2025
JPM
Ibiden Co., Ltd.
          0
      6,413
EUR
     14,009
05/21/2025
GST
ICADE
          0
        223
 
      2,482
05/21/2025
MSI
ICADE
          0
        (58)
 
      4,734
05/21/2025
JPM
ICADE
          0
       (505)
USD
     77,085
05/21/2025
MSI
ICICI Bank Ltd.
          0
     (1,244)
 
     13,122
05/21/2025
JPM
ICON PLC
          0
         53
 
     54,031
05/21/2025
JPM
IDACORP, Inc.
          0
      2,062
 
      6,454
05/21/2025
MSI
IDACORP, Inc.
          0
        (77)
 
      1,895
05/21/2025
JPM
IDEXX Laboratories, Inc.
          0
       (268)
 
      5,147
05/21/2025
MSI
Illumina, Inc.
          0
       (208)
GBP
     39,955
05/21/2025
GST
IMI PLC
          0
      2,579
EUR
     53,780
05/21/2025
GST
Immobiliare Grande Distribuzione SIIQ SpA
          0
      3,559
USD
     13,792
05/21/2025
MSI
Immunocore Holdings PLC
          0
      1,409
GBP
    140,421
05/21/2025
GST
Imperial Brands PLC
          0
      3,805
 
      5,186
05/21/2025
JPM
Imperial Brands PLC
          0
        651
 
      2,699
05/21/2025
MSI
Imperial Brands PLC
          0
        114
CAD
      6,786
05/21/2025
MSI
Imperial Oil Ltd.
          0
       (640)
USD
      2,163
05/21/2025
MSI
Incyte Corp.
          0
       (155)
EUR
    642,930
05/21/2025
MSI
Industria de Diseno Textil SA
          0
     10,252
 
     14,127
05/21/2025
GST
Industria de Diseno Textil SA
          0
        (55)
SEK
      2,305
05/21/2025
MSI
Indutrade AB
          0
         67
 
     56,597
05/21/2025
GST
Indutrade AB
          0
       (159)
 
     18,526
05/21/2025
JPM
Indutrade AB
          0
     (1,012)
EUR
     35,122
05/21/2025
GST
Infineon Technologies AG
          0
     (2,344)
USD
      7,687
05/21/2025
MSI
Infinity Natural Resources, Inc.
          0
       (111)
EUR
    533,836
05/21/2025
GST
ING Groep NV
          0
     13,951
 
    203,528
05/21/2025
MSI
ING Groep NV
          0
      5,931
 
     82,145
05/21/2025
MSI
ING Groep NV
          0
     (3,337)
USD
      4,213
05/21/2025
JPM
Innovage Holding Corp.
          0
       (125)
HKD
      6,889
05/21/2025
JPM
Innovent Biologics, Inc.
          0
     (2,472)
USD
     13,169
05/21/2025
JPM
Innovex International, Inc.
          0
        708
 
     12,133
05/21/2025
MSI
Innovex International, Inc.
          0
         (8)
EUR
      4,831
05/21/2025
JPM
InPost SA
          0
     (1,036)
 
     24,380
05/21/2025
MSI
InPost SA
          0
     (3,115)
 
     45,848
05/21/2025
GST
InPost SA
          0
     (3,418)
USD
      7,368
05/21/2025
GST
Insmed, Inc.
          0
       (264)
The accompanying notes are an integral part of the consolidated financial statements.
87

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Total Return Swaps (continued)
Currency
Notional
Reset Date
Counter-
party
Reference Instrument
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
USD
     24,822
05/21/2025
GST
Insperity, Inc.
          $0
      $3,824
 
      1,519
05/21/2025
MSI
Insperity, Inc.
          0
        284
 
      1,092
05/21/2025
JPM
Insperity, Inc.
          0
        182
 
     26,482
05/21/2025
GST
Inspire Medical Systems, Inc.
          0
     (1,234)
 
      6,919
05/21/2025
GST
Insulet Corp.
          0
       (398)
 
      3,264
05/21/2025
MSI
Intapp, Inc.
          0
        (46)
 
      6,465
05/21/2025
GST
Integer Holdings Corp.
          0
       (609)
 
     55,841
05/21/2025
GST
Intel Corp.
          0
         17
 
      1,624
05/21/2025
JPM
Intel Corp.
          0
        (44)
 
      7,649
05/21/2025
GST
Intel Corp.
          0
       (512)
 
      8,750
05/21/2025
GST
Interactive Brokers Group, Inc.
          0
      1,045
 
    519,485
05/21/2025
MSI
Intercontinental Exchange, Inc.
          0
     23,058
 
    104,853
05/21/2025
JPM
Intercontinental Exchange, Inc.
          0
      9,031
 
    116,234
05/21/2025
GST
Intercontinental Exchange, Inc.
          0
      5,376
GBP
      7,533
05/21/2025
JPM
InterContinental Hotels Group PLC
          0
       (414)
 
     37,452
05/21/2025
MSI
InterContinental Hotels Group PLC
          0
     (1,085)
EUR
     18,355
05/21/2025
GST
Intercos SpA
          0
     (1,908)
GBP
      2,812
05/21/2025
JPM
Intermediate Capital Group PLC
          0
       (497)
 
     51,433
05/21/2025
GST
Intermediate Capital Group PLC
          0
     (3,899)
USD
     82,560
05/21/2025
MSI
International Business Machines Corp.
          0
       (384)
EUR
     65,792
05/21/2025
MSI
Intesa Sanpaolo SpA
          0
     (4,118)
USD
     52,287
05/21/2025
JPM
Intuit, Inc.
          0
      6,696
 
     64,160
05/21/2025
GST
Intuitive Surgical, Inc.
          0
      6,505
 
     12,311
05/21/2025
MSI
Intuitive Surgical, Inc.
          0
        584
 
      8,430
05/21/2025
GST
Intuitive Surgical, Inc.
          0
       (855)
 
    133,670
05/21/2025
MSI
Invesco QQQ Trust
          0
     (4,216)
 
     16,205
05/21/2025
MSI
Ionis Pharmaceuticals, Inc.
          0
      1,330
EUR
     59,908
05/21/2025
GST
IONOS Group SE
          0
      1,175
USD
      9,828
05/21/2025
GST
Iovance Biotherapeutics, Inc.
          0
     (1,627)
 
     10,453
05/21/2025
MSI
iPath Series B S&P 500 VIX Short-Term Futures ETN
          0
        563
 
     85,160
05/21/2025
MSI
iPath Series B S&P 500 VIX Short-Term Futures ETN
          0
     (1,516)
EUR
      7,185
05/21/2025
GST
Ipsen SA
          0
       (796)
 
     46,989
05/21/2025
GST
IPSOS SA
          0
      2,937
 
      6,432
05/21/2025
JPM
IPSOS SA
          0
        646
 
      3,305
05/21/2025
MSI
IPSOS SA
          0
        (28)
USD
      9,028
05/21/2025
JPM
IQVIA Holdings, Inc.
          0
       (122)
 
    219,684
05/21/2025
MSI
iShares 20+ Year Treasury Bond ETF
          0
     (4,707)
 
     85,250
05/21/2025
GST
iShares China Large-Cap ETF
          0
        261
 
     63,383
05/21/2025
MSI
iShares Expanded Tech-Software Sector ETF
          0
     (4,923)
 
    843,381
05/21/2025
MSI
iShares iBoxx $ High Yield Corporate Bond ETF
          0
     (5,735)
 
  1,122,854
05/21/2025
GST
iShares iBoxx $ High Yield Corporate Bond ETF
          0
    (16,846)
 
    191,695
05/21/2025
GST
iShares iBoxx $ Investment Grade Corporate Bond ETF
          0
     (2,669)
 
    664,810
05/21/2025
MSI
iShares iBoxx $ Investment Grade Corporate Bond ETF
          0
     (4,666)
 
     26,331
05/21/2025
GST
iShares JP Morgan USD Emerging Markets Bond ETF
          0
       (657)
The accompanying notes are an integral part of the consolidated financial statements.
88

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Total Return Swaps (continued)
Currency
Notional
Reset Date
Counter-
party
Reference Instrument
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
USD
  1,939,026
05/21/2025
MSI
iShares JP Morgan USD Emerging Markets Bond ETF
          $0
    $(31,098)
 
    920,691
05/21/2025
MSI
iShares MSCI Brazil ETF
          0
     (2,277)
 
      7,670
05/21/2025
MSI
iShares Russell 2000 ETF
          0
       (125)
 
     50,066
05/21/2025
JPM
iShares Russell 2000 ETF
          0
     (3,715)
 
      5,609
05/21/2025
GST
iShares Semiconductor ETF
          0
       (458)
 
     44,634
05/21/2025
MSI
iShares Semiconductor ETF
          0
     (2,245)
 
     56,018
05/21/2025
JPM
iShares Semiconductor ETF
          0
     (7,407)
 
     21,963
05/21/2025
MSI
IsuPetasys Co. Ltd.
          0
       (190)
EUR
     22,297
05/21/2025
GST
Italgas SpA
          0
        520
USD
      6,511
05/21/2025
MSI
J.M. Smucker Co.
          0
          1
 
      3,617
05/21/2025
JPM
J.M. Smucker Co.
          0
       (105)
 
      5,758
05/21/2025
JPM
Jack Henry & Associates, Inc.
          0
       (138)
 
     78,870
05/21/2025
MSI
Janus Henderson Group PLC
          0
     (4,786)
EUR
     20,700
05/21/2025
GST
Jenoptik AG
          0
      1,447
 
     28,577
05/21/2025
MSI
Jeronimo Martins SGPS SA
          0
      1,326
 
     88,607
05/21/2025
GST
Jeronimo Martins SGPS SA
          0
     (1,980)
USD
      8,087
05/21/2025
GST
Jiangsu Hengrui Pharmaceuticals Co., Ltd.
          0
        345
SEK
     21,624
05/21/2025
GST
JM AB
          0
       (766)
USD
      8,317
05/21/2025
GST
Johnson & Johnson
          0
         32
 
    497,137
05/21/2025
GST
JPMorgan Chase & Co.
          0
     33,933
 
    190,234
05/21/2025
MSI
JPMorgan Chase & Co.
          0
      9,376
DKK
     38,511
05/21/2025
MSI
Jyske Bank AS
          0
     (2,222)
EUR
    568,597
05/21/2025
GST
KBC Group NV
          0
     12,721
 
    283,727
05/21/2025
MSI
KBC Group NV
          0
      3,619
 
      1,493
05/21/2025
JPM
KBC Group NV
          0
        207
JPY
     61,761
05/21/2025
GST
Keiyo Bank Ltd.
          0
      4,290
 
     24,944
05/21/2025
MSI
Keiyo Bank Ltd.
          0
      2,369
CAD
     47,303
05/21/2025
MSI
Kelt Exploration Ltd.
          0
        692
EUR
     40,376
05/21/2025
JPM
Kering SA
          0
     (3,281)
 
     34,434
05/21/2025
GST
Kerry Group PLC
          0
        157
 
      2,797
05/21/2025
JPM
Kerry Group PLC
          0
        (59)
JPY
      9,482
05/21/2025
GST
Keyence Corp.
          0
       (324)
USD
     12,418
05/21/2025
MSI
Kimbell Royalty Partners LP
          0
        (62)
 
    102,553
05/21/2025
MSI
Kinder Morgan, Inc.
          0
      3,507
 
     71,258
05/21/2025
GST
Kinder Morgan, Inc.
          0
     (1,409)
 
     61,142
05/21/2025
JPM
Kinder Morgan, Inc.
          0
     (2,241)
EUR
     15,247
05/21/2025
GST
Kinepolis Group NV
          0
       (119)
USD
     11,074
05/21/2025
JPM
Kinetik Holdings, Inc.
          0
        574
 
     14,525
05/21/2025
GST
Kinetik Holdings, Inc.
          0
       (192)
 
    766,548
05/21/2025
MSI
KKR & Co., Inc.
          0
     66,709
 
    191,884
05/21/2025
GST
KKR & Co., Inc.
          0
     31,971
 
     78,032
05/21/2025
JPM
KKR & Co., Inc.
          0
     13,384
 
      7,836
05/21/2025
GST
KKR & Co., Inc.
          0
     (1,306)
 
     37,869
05/21/2025
GST
KLA Corp.
          0
      4,995
The accompanying notes are an integral part of the consolidated financial statements.
89

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Total Return Swaps (continued)
Currency
Notional
Reset Date
Counter-
party
Reference Instrument
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
USD
        676
05/21/2025
MSI
KLA Corp.
          $0
         $26
 
      5,922
05/21/2025
GST
KLA Corp.
          0
       (403)
 
     33,414
05/21/2025
MSI
KLA Corp.
          0
     (1,018)
EUR
     63,144
05/21/2025
MSI
Klepierre SA
          0
     (3,641)
USD
     19,380
05/21/2025
GST
Kodiak Gas Services, Inc.
          0
        210
 
      7,651
05/21/2025
MSI
Kodiak Gas Services, Inc.
          0
       (135)
CZK
     24,739
05/21/2025
GST
Komercni Banka AS
          0
       (374)
NOK
        803
05/21/2025
JPM
Kongsberg Gruppen ASA
          0
       (126)
 
      1,968
05/21/2025
GST
Kongsberg Gruppen ASA
          0
       (143)
EUR
      7,286
05/21/2025
GST
Koninklijke Philips NV
          0
       (455)
USD
    137,655
05/21/2025
MSI
Kroger Co.
          0
      5,465
 
     10,504
05/21/2025
JPM
KT Corp.
          0
      1,464
 
      5,427
05/21/2025
MSI
KT Corp.
          0
        625
CHF
     11,719
05/21/2025
MSI
Kuehne & Nagel International AG
          0
       (342)
 
     11,552
05/21/2025
GST
Kuehne & Nagel International AG
          0
       (567)
 
     37,091
05/21/2025
JPM
Kuehne & Nagel International AG
          0
     (3,417)
USD
      7,103
05/21/2025
MSI
Kymera Therapeutics, Inc.
          0
      2,458
JPY
    184,268
05/21/2025
MSI
Kyoto Financial Group, Inc.
          0
     35,076
 
      5,953
05/21/2025
GST
Kyowa Hakko Kogyo Co., Ltd.
          0
        (79)
USD
     21,859
05/21/2025
GST
Labcorp Holdings, Inc.
          0
      2,965
 
    164,287
05/21/2025
MSI
Lam Research Corp.
          0
      7,434
 
     39,248
05/21/2025
JPM
Lam Research Corp.
          0
      5,976
 
     15,274
05/21/2025
GST
Lam Research Corp.
          0
         (8)
 
        936
05/21/2025
GST
Lam Research Corp.
          0
       (139)
 
      1,928
05/21/2025
JPM
Lam Research Corp.
          0
       (294)
GBP
     73,603
05/21/2025
MSI
Lancashire Holdings Ltd.
          0
      1,160
USD
     18,773
05/21/2025
GST
Landbridge Co. LLC
          0
     (2,020)
 
     25,821
05/21/2025
JPM
Landbridge Co. LLC
          0
     (4,391)
 
     49,677
05/21/2025
MSI
Landbridge Co., LLC
          0
     (4,009)
JPY
      8,412
05/21/2025
GST
Lasertec Corp.
          0
       (812)
USD
     34,410
05/21/2025
GST
Lattice Semiconductor Corp.
          0
     (5,908)
 
     50,442
05/21/2025
MSI
Lazard, Inc.
          0
     (4,368)
EUR
     74,755
05/21/2025
GST
Legrand SA
          0
      3,913
USD
      5,853
05/21/2025
MSI
LENZ Therapeutics, Inc.
          0
     (1,133)
 
     19,021
05/21/2025
MSI
LG Energy Solution Ltd.
          0
        930
 
      1,400
05/21/2025
GST
Liberty Broadband Corp.
          0
       (292)
 
      3,867
05/21/2025
MSI
Liberty Energy, Inc.
          0
        (72)
 
     23,275
05/21/2025
MSI
Liberty Media Corp.-Liberty Formula One
          0
      2,439
 
     34,786
05/21/2025
GST
Liberty Media Corp.-Liberty Formula One
          0
      2,278
 
      7,372
05/21/2025
JPM
Life360, Inc.
          0
     (2,453)
 
      2,851
05/21/2025
MSI
LifeStance Health Group, Inc.
          0
        105
EUR
    155,625
05/21/2025
MSI
Linea Directa Aseguradora SA Cia de Seguros y Reaseguros
          0
     16,456
 
     39,356
05/21/2025
GST
Linea Directa Aseguradora SA Cia de Seguros y Reaseguros
          0
      3,468
USD
      8,626
05/21/2025
JPM
Liquidia Corp.
          0
     (1,069)
The accompanying notes are an integral part of the consolidated financial statements.
90

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Total Return Swaps (continued)
Currency
Notional
Reset Date
Counter-
party
Reference Instrument
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
USD
     72,853
05/21/2025
GST
Live Nation Entertainment, Inc.
          $0
      $5,292
 
     46,619
05/21/2025
JPM
Live Nation Entertainment, Inc.
          0
      5,169
 
      6,438
05/21/2025
JPM
Live Nation Entertainment, Inc.
          0
       (714)
GBP
    300,897
05/21/2025
GST
Lloyds Banking Group PLC
          0
      9,199
 
    115,882
05/21/2025
MSI
Lloyds Banking Group PLC
          0
        928
 
    300,827
05/21/2025
MSI
London Stock Exchange Group PLC
          0
      6,946
CHF
      8,770
05/21/2025
GST
Lonza Group AG
          0
       (675)
EUR
      9,171
05/21/2025
JPM
L'Oreal SA
          0
     (1,522)
 
     42,522
05/21/2025
GST
L'Oreal SA
          0
     (2,003)
 
     41,971
05/21/2025
MSI
L'Oreal SA
          0
     (2,701)
USD
     21,689
05/21/2025
MSI
Louisiana-Pacific Corp.
          0
       (407)
 
      2,128
05/21/2025
GST
Lowe's Cos., Inc.
          0
       (108)
 
    151,270
05/21/2025
MSI
Lowe's Cos., Inc.
          0
     (2,092)
PLN
     49,768
05/21/2025
GST
LPP SA
          0
        196
USD
     28,640
05/21/2025
GST
Lumentum Holdings, Inc.
          0
      5,131
 
      4,479
05/21/2025
MSI
Lumentum Holdings, Inc.
          0
        540
 
      1,963
05/21/2025
GST
Lumentum Holdings, Inc.
          0
       (163)
 
      8,401
05/21/2025
MSI
Lumentum Holdings, Inc.
          0
       (692)
EUR
     17,439
05/21/2025
JPM
LVMH Moet Hennessy Louis Vuitton SE
          0
        830
 
     39,302
05/21/2025
MSI
LVMH Moet Hennessy Louis Vuitton SE
          0
         52
 
     30,203
05/21/2025
GST
LVMH Moet Hennessy Louis Vuitton SE
          0
        (43)
USD
     30,628
05/21/2025
MSI
LVMH Moet Hennessy Louis Vuitton SE
          0
       (496)
JPY
     10,785
05/21/2025
GST
M3, Inc.
          0
        (71)
USD
      9,341
05/21/2025
JPM
MACOM Technology Solutions Holdings, Inc.
          0
     (1,449)
AUD
    371,209
05/21/2025
MSI
Macquarie Group Ltd.
          0
     28,348
USD
      2,410
05/21/2025
GST
Madison Square Garden Sports Corp.
          0
        (93)
 
     43,423
05/21/2025
JPM
Magnolia Oil & Gas Corp.
          0
         63
 
      3,796
05/21/2025
GST
Magnolia Oil & Gas Corp.
          0
        (64)
 
     13,817
05/21/2025
MSI
Magnolia Oil & Gas Corp.
          0
       (163)
EUR
      7,078
05/21/2025
JPM
Maire SpA
          0
      2,313
 
     61,891
05/21/2025
GST
Maire Tecnimont SpA
          0
     13,719
 
     55,749
05/21/2025
GST
Mapfre SA
          0
     (4,030)
USD
     10,573
05/21/2025
GST
Maplebear, Inc.
          0
       (481)
 
     59,860
05/21/2025
MSI
Maplebear, Inc.
          0
     (2,817)
 
     64,067
05/21/2025
MSI
Marathon Petroleum Corp.
          0
      7,799
 
     57,788
05/21/2025
JPM
Marathon Petroleum Corp.
          0
      7,481
 
     10,391
05/21/2025
GST
Marathon Petroleum Corp.
          0
        877
 
     46,490
05/21/2025
GST
MarketAxess Holdings, Inc.
          0
       (266)
 
     49,494
05/21/2025
JPM
MarketAxess Holdings, Inc.
          0
       (807)
 
      2,157
05/21/2025
GST
Marriott International, Inc.
          0
       (229)
 
    106,393
05/21/2025
MSI
Marriott International, Inc.
          0
     (7,648)
 
     46,563
05/21/2025
JPM
Marvell Technology, Inc.
          0
      6,729
 
     27,184
05/21/2025
GST
Marvell Technology, Inc.
          0
      4,861
 
      7,335
05/21/2025
MSI
Marvell Technology, Inc.
          0
        662
The accompanying notes are an integral part of the consolidated financial statements.
91

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Total Return Swaps (continued)
Currency
Notional
Reset Date
Counter-
party
Reference Instrument
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
USD
     14,775
05/21/2025
GST
Masimo Corp.
          $0
     $(1,160)
 
    371,605
05/21/2025
MSI
Mastercard, Inc.
          0
     22,998
 
     69,777
05/21/2025
GST
Mastercard, Inc.
          0
      5,307
 
      2,037
05/21/2025
GST
Mastercard, Inc.
          0
       (155)
 
     65,276
05/21/2025
JPM
Matador Resources Co.
          0
      2,061
 
     35,623
05/21/2025
MSI
Matador Resources Co.
          0
        (37)
 
     26,660
05/21/2025
GST
Matador Resources Co.
          0
       (326)
 
        716
05/21/2025
MSI
MBX Biosciences, Inc.
          0
        302
 
     75,933
05/21/2025
MSI
McDonald's Corp.
          0
     (1,742)
 
      9,007
05/21/2025
MSI
McKesson Corp.
          0
       (259)
JPY
    206,922
05/21/2025
GST
Mebuki Financial Group, Inc.
          0
     13,575
 
    123,649
05/21/2025
MSI
Mebuki Financial Group, Inc.
          0
     11,466
USD
     48,412
05/21/2025
JPM
MediaTek, Inc.
          0
      4,250
 
      6,464
05/21/2025
GST
MediaTek, Inc.
          0
        183
EUR
      4,053
05/21/2025
GST
Medincell SA
          0
        202
USD
      7,803
05/21/2025
GST
Medpace Holdings, Inc.
          0
       (524)
HKD
      9,092
05/21/2025
JPM
Meituan
          0
        345
USD
     62,816
05/21/2025
JPM
MercadoLibre, Inc.
          0
     18,764
 
     23,021
05/21/2025
MSI
MercadoLibre, Inc.
          0
      2,618
EUR
      4,565
05/21/2025
JPM
Mercedes-Benz Group AG
          0
        183
 
      7,832
05/21/2025
GST
Mercedes-Benz Group AG
          0
         48
 
     64,700
05/21/2025
MSI
Mercedes-Benz Group AG
          0
     (2,566)
 
     44,268
05/21/2025
MSI
Mercialys SA
          0
      1,345
USD
     35,719
05/21/2025
JPM
Merck & Co., Inc.
          0
      1,769
 
      3,371
05/21/2025
MSI
Merck & Co., Inc.
          0
        293
EUR
     20,011
05/21/2025
GST
Merck KGaA
          0
       (854)
USD
     11,917
05/21/2025
GST
Merit Medical Systems, Inc.
          0
       (645)
EUR
    235,093
05/21/2025
GST
Merlin Properties Socimi SA
          0
      8,744
USD
      6,095
05/21/2025
GST
Merus NV
          0
        321
AUD
      9,391
05/21/2025
MSI
Mesoblast Ltd.
          0
       (552)
USD
     25,720
05/21/2025
GST
Meta Platforms, Inc.
          0
      2,828
 
     43,881
05/21/2025
JPM
Meta Platforms, Inc.
          0
      2,784
 
      5,446
05/21/2025
MSI
MGE Energy, Inc.
          0
         20
 
     20,972
05/21/2025
JPM
MGE Energy, Inc.
          0
       (819)
 
      7,940
05/21/2025
MSI
Microchip Technology, Inc.
          0
     (1,507)
 
     10,449
05/21/2025
GST
Microchip Technology, Inc.
          0
     (1,762)
 
     17,935
05/21/2025
GST
Micron Technology, Inc.
          0
      2,379
 
     16,135
05/21/2025
JPM
Micron Technology, Inc.
          0
      2,025
 
      5,122
05/21/2025
MSI
Micron Technology, Inc.
          0
        342
 
        334
05/21/2025
GST
Micron Technology, Inc.
          0
        (51)
 
        684
05/21/2025
JPM
Micron Technology, Inc.
          0
        (86)
 
    108,095
05/21/2025
GST
Microsoft Corp.
          0
     10,878
 
    235,664
05/21/2025
MSI
Microsoft Corp.
          0
      4,259
 
     62,144
05/21/2025
MSI
MicroStrategy, Inc.
          0
     13,878
The accompanying notes are an integral part of the consolidated financial statements.
92

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Total Return Swaps (continued)
Currency
Notional
Reset Date
Counter-
party
Reference Instrument
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
JPY
      9,050
05/21/2025
GST
Millea Holdings, Inc.
          $0
       $(949)
USD
      1,589
05/21/2025
MSI
Mirion Technologies, Inc.
          0
       (210)
ILS
     75,870
05/21/2025
MSI
Mizrahi Tefahot Bank Ltd.
          0
     (4,326)
JPY
    252,914
05/21/2025
GST
Mizuho Financial Group, Inc.
          0
     16,157
 
     93,150
05/21/2025
MSI
Mizuho Financial Group, Inc.
          0
      6,233
USD
      5,912
05/21/2025
GST
MKS Instruments, Inc.
          0
        961
 
      7,323
05/21/2025
MSI
MKS Instruments, Inc.
          0
        323
 
        603
05/21/2025
GST
MKS Instruments, Inc.
          0
        (98)
 
     21,392
05/21/2025
MSI
Modine Manufacturing Co.
          0
      1,304
 
      3,396
05/21/2025
GST
Modine Manufacturing Co.
          0
        605
 
     16,615
05/21/2025
GST
Molina Healthcare, Inc.
          0
      1,371
EUR
     16,488
05/21/2025
MSI
Moncler SpA
          0
        140
 
     56,772
05/21/2025
GST
Moncler SpA
          0
       (392)
 
      6,217
05/21/2025
JPM
Moncler SpA
          0
       (684)
USD
      6,138
05/21/2025
GST
Monday.com Ltd.
          0
        606
 
      8,188
05/21/2025
MSI
Monday.com Ltd.
          0
        522
 
     18,275
05/21/2025
JPM
MongoDB, Inc.
          0
      3,074
 
      5,460
05/21/2025
GST
MongoDB, Inc.
          0
        738
 
      6,169
05/21/2025
MSI
MongoDB, Inc.
          0
        374
 
     33,032
05/21/2025
GST
Monolithic Power Systems, Inc.
          0
      5,519
 
      5,443
05/21/2025
MSI
Monolithic Power Systems, Inc.
          0
        489
 
        977
05/21/2025
JPM
Monolithic Power Systems, Inc.
          0
        209
 
      1,525
05/21/2025
GST
Monolithic Power Systems, Inc.
          0
       (255)
 
     91,596
05/21/2025
MSI
Monster Beverage Corp.
          0
      2,312
 
      3,133
05/21/2025
GST
Monster Beverage Corp.
          0
        114
 
    405,600
05/21/2025
MSI
Moody's Corp.
          0
    (19,426)
 
    261,593
05/21/2025
GST
Moody's Corp.
          0
    (23,873)
 
    245,021
05/21/2025
GST
Morgan Stanley
          0
     21,022
 
    144,719
05/21/2025
JPM
Morgan Stanley
          0
     20,793
 
      2,016
05/21/2025
JPM
Motorola Solutions, Inc.
          0
       (186)
 
      8,613
05/21/2025
MSI
Motorola Solutions, Inc.
          0
       (195)
 
     71,749
05/21/2025
GST
Motorola Solutions, Inc.
          0
     (4,879)
 
     16,999
05/21/2025
JPM
MPLX LP
          0
      1,336
 
     20,002
05/21/2025
MSI
MPLX LP
          0
        319
 
     11,048
05/21/2025
GST
Mr. Cooper Group, Inc.
          0
      1,210
 
     13,358
05/21/2025
MSI
MSCI, Inc.
          0
        275
 
     14,998
05/21/2025
GST
MSCI, Inc.
          0
       (265)
 
     27,861
05/21/2025
JPM
MSCI, Inc.
          0
     (2,120)
EUR
    941,723
05/21/2025
GST
Muenchener Rueckversicherungs-Gesellschaft AG in
Muenchen
          0
      2,156
 
    212,754
05/21/2025
MSI
Muenchener Rueckversicherungs-Gesellschaft AG in
Muenchen
          0
     (4,859)
USD
      7,598
05/21/2025
GST
Murphy Oil Corp.
          0
          2
 
     11,407
05/21/2025
MSI
Murphy Oil Corp.
          0
        (90)
EUR
     23,705
05/21/2025
GST
Nagarro SE
          0
        812
The accompanying notes are an integral part of the consolidated financial statements.
93

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Total Return Swaps (continued)
Currency
Notional
Reset Date
Counter-
party
Reference Instrument
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
EUR
      2,064
05/21/2025
MSI
Nagarro SE
          $0
        $137
 
        931
05/21/2025
JPM
Nagarro SE
          0
         74
ZAR
        661
05/21/2025
JPM
Naspers Ltd.
          0
        (99)
 
     10,554
05/21/2025
GST
Naspers Ltd.
          0
       (850)
USD
      8,818
05/21/2025
GST
Natera, Inc.
          0
        539
 
      1,707
05/21/2025
GST
Natera, Inc.
          0
       (104)
AUD
     82,865
05/21/2025
MSI
National Australia Bank Ltd.
          0
     (5,938)
GBP
      8,297
05/21/2025
MSI
National Grid PLC
          0
        219
 
     11,963
05/21/2025
GST
National Grid PLC
          0
       (119)
USD
     12,010
05/21/2025
GST
NAURA Technology Group Co., Ltd.
          0
         89
 
     17,413
05/21/2025
MSI
NAURA Technology Group Co., Ltd.
          0
        (97)
 
      6,037
05/21/2025
GST
Navigator Holdings Ltd.
          0
        232
EUR
     13,481
05/21/2025
GST
Neinor Homes SA
          0
        823
 
     46,875
05/21/2025
GST
Nemetschek AG
          0
     (5,008)
 
        733
05/21/2025
JPM
Nemetschek SE
          0
       (170)
 
      2,716
05/21/2025
MSI
Nemetschek SE
          0
       (205)
CHF
     18,630
05/21/2025
GST
Nestle SA
          0
       (301)
 
     51,458
05/21/2025
MSI
Nestle SA
          0
     (1,004)
 
     21,842
05/21/2025
JPM
Nestle SA
          0
     (1,220)
USD
      1,706
05/21/2025
MSI
Net Power, Inc.
          0
       (423)
 
     32,978
05/21/2025
JPM
Netflix, Inc.
          0
     10,028
 
     39,516
05/21/2025
GST
Netflix, Inc.
          0
      5,752
 
      5,858
05/21/2025
MSI
Netflix, Inc.
          0
        933
 
     76,379
05/21/2025
GST
Netflix, Inc.
          0
     (6,236)
 
        482
05/21/2025
MSI
Neumora Therapeutics, Inc.
          0
        (91)
 
      4,520
05/21/2025
MSI
Neurocrine Biosciences, Inc.
          0
       (542)
 
     22,810
05/21/2025
MSI
New Jersey Resources Corp.
          0
        (94)
 
      5,963
05/21/2025
JPM
Newamsterdam Pharma Co. NV
          0
      1,230
 
         98
05/21/2025
GST
Newamsterdam Pharma Co. NV
          0
         17
GBP
     74,246
05/21/2025
MSI
NewRiver Retail Ltd.
          0
      6,964
 
     75,797
05/21/2025
GST
Next PLC
          0
      1,221
 
      2,041
05/21/2025
JPM
Next PLC
          0
        332
USD
     16,246
05/21/2025
GST
NEXTracker, Inc.
          0
        160
 
     15,660
05/21/2025
MSI
NEXTracker, Inc.
          0
         15
SEK
      7,666
05/21/2025
MSI
Nibe Industrier AB
          0
       (704)
 
     28,844
05/21/2025
JPM
Nibe Industrier AB
          0
     (5,682)
 
     75,790
05/21/2025
GST
Nibe Industrier AB
          0
     (8,693)
JPY
     10,820
05/21/2025
MSI
Nichicon Corp.
          0
        610
USD
     11,617
05/21/2025
GST
NIKE, Inc.
          0
        (58)
 
     58,035
05/21/2025
MSI
NIKE, Inc.
          0
     (1,637)
JPY
     23,691
05/21/2025
GST
Nikon Corp.
          0
      1,075
 
      9,888
05/21/2025
GST
Nintendo Co., Ltd.
          0
     (1,534)
 
     10,758
05/21/2025
MSI
Nintendo Co., Ltd.
          0
     (1,618)
 
      6,293
05/21/2025
JPM
Nintendo Co., Ltd.
          0
     (1,883)
The accompanying notes are an integral part of the consolidated financial statements.
94

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Total Return Swaps (continued)
Currency
Notional
Reset Date
Counter-
party
Reference Instrument
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
HKD
     13,369
05/21/2025
JPM
NIO, Inc.
          $0
        $722
USD
     30,174
05/21/2025
JPM
NiSource, Inc.
          0
      1,583
JPY
    120,611
05/21/2025
MSI
Nomura Holdings, Inc.
          0
        122
EUR
     61,560
05/21/2025
JPM
Nordex SE
          0
     (5,021)
SEK
     15,346
05/21/2025
MSI
Nordnet AB publ
          0
         (7)
 
     92,394
05/21/2025
GST
Nordnet AB publ
          0
       (443)
EUR
      4,966
05/21/2025
GST
Northern Data AG
          0
        111
 
     13,240
05/21/2025
MSI
Northern Data AG
          0
       (332)
USD
     26,022
05/21/2025
GST
Northern Oil & Gas, Inc.
          0
     (1,364)
 
     54,254
05/21/2025
JPM
Northern Oil & Gas, Inc.
          0
     (4,236)
 
     93,837
05/21/2025
MSI
Northern Oil & Gas, Inc.
          0
     (7,494)
 
      6,512
05/21/2025
JPM
Northwestern Energy Group, Inc.
          0
       (418)
 
     43,414
05/21/2025
JPM
NOV, Inc.
          0
      1,200
 
      8,069
05/21/2025
GST
Novanta, Inc.
          0
       (607)
CHF
     10,137
05/21/2025
GST
Novartis AG
          0
        340
USD
     12,235
05/21/2025
MSI
Novatek Microelectronics Corp.
          0
       (736)
DKK
     12,653
05/21/2025
GST
Novo Nordisk AS
          0
      1,449
 
      1,139
05/21/2025
GST
Novo Nordisk AS
          0
       (131)
 
      8,959
05/21/2025
MSI
Novonesis Novozymes B
          0
       (394)
 
     22,735
05/21/2025
GST
Novozymes AS
          0
     (1,167)
 
      3,876
05/21/2025
JPM
NTG Nordic Transport Group AS
          0
        480
 
     20,445
05/21/2025
GST
NTG Nordic Transport Group AS
          0
         93
 
      1,290
05/21/2025
MSI
NTG Nordic Transport Group AS
          0
          1
JPY
      9,338
05/21/2025
GST
NTT Data Group Corp.
          0
       (868)
USD
      4,399
05/21/2025
MSI
NuScale Power Corp.
          0
       (340)
 
     12,521
05/21/2025
GST
Nuvalent, Inc.
          0
      1,217
 
      8,343
05/21/2025
MSI
NVE Corp.
          0
         33
 
      9,063
05/21/2025
JPM
nVent Electric PLC
          0
     (1,699)
 
     20,832
05/21/2025
MSI
nVent Electric PLC
          0
     (2,066)
 
     38,084
05/21/2025
GST
nVent Electric PLC
          0
     (5,185)
 
    139,625
05/21/2025
JPM
NVIDIA Corp.
          0
     16,130
 
     19,972
05/21/2025
MSI
NVIDIA Corp.
          0
        832
 
      9,604
05/21/2025
GST
NXP Semiconductors NV
          0
       (717)
CAD
     20,529
05/21/2025
MSI
Obsidian Energy Ltd.
          0
      2,567
GBP
     31,114
05/21/2025
GST
Ocado Group PLC
          0
        360
 
     37,670
05/21/2025
MSI
Ocado Group PLC
          0
        323
 
      4,554
05/21/2025
JPM
Ocado Group PLC
          0
         58
USD
     15,920
05/21/2025
GST
Occidental Petroleum Corp.
          0
       (159)
 
     62,659
05/21/2025
JPM
Occidental Petroleum Corp.
          0
     (1,067)
 
     44,831
05/21/2025
MSI
Occidental Petroleum Corp.
          0
     (1,909)
 
     24,040
05/21/2025
GST
Okta, Inc.
          0
      5,122
 
      9,420
05/21/2025
MSI
Okta, Inc.
          0
      1,123
 
      9,246
05/21/2025
GST
Okta, Inc.
          0
     (1,970)
 
     36,099
05/21/2025
MSI
On Holding AG
          0
     (4,602)
The accompanying notes are an integral part of the consolidated financial statements.
95

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Total Return Swaps (continued)
Currency
Notional
Reset Date
Counter-
party
Reference Instrument
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
USD
     15,429
05/21/2025
MSI
ON Semiconductor Corp.
          $0
     $(1,324)
 
     10,387
05/21/2025
GST
ON Semiconductor Corp.
          0
     (1,483)
 
     56,699
05/21/2025
MSI
ONE Gas, Inc.
          0
      1,399
 
     20,227
05/21/2025
JPM
ONEOK, Inc.
          0
        313
 
      5,973
05/21/2025
GST
ONEOK, Inc.
          0
         25
 
      8,411
05/21/2025
GST
Onto Innovation, Inc.
          0
       (737)
 
     20,904
05/21/2025
MSI
Option Care Health, Inc.
          0
         32
 
     47,951
05/21/2025
MSI
Oracle Corp.
          0
     (2,427)
 
     41,277
05/21/2025
GST
Oracle Corp.
          0
     (5,723)
 
      1,334
05/21/2025
JPM
O'Reilly Automotive, Inc.
          0
        (81)
 
     12,564
05/21/2025
MSI
Organon & Co.
          0
     (2,138)
EUR
      5,950
05/21/2025
GST
Orion OYJ
          0
       (965)
JPY
     76,696
05/21/2025
MSI
ORIX Corp.
          0
     (2,681)
USD
      6,197
05/21/2025
GST
OrthoPediatrics Corp.
          0
        (91)
JPY
     14,790
05/21/2025
JPM
Osaka Gas Co. Ltd.
          0
        489
HUF
    179,312
05/21/2025
GST
OTP Bank Nyrt
          0
     12,041
 
     38,768
05/21/2025
MSI
OTP Bank Nyrt
          0
      1,231
JPY
     18,764
05/21/2025
GST
Otsuka Holdings Co., Ltd.
          0
      1,059
USD
      4,118
05/21/2025
GST
Otter Tail Corp.
          0
        (89)
 
      8,055
05/21/2025
MSI
Otter Tail Corp.
          0
       (200)
 
      7,376
05/21/2025
JPM
Otter Tail Corp.
          0
       (403)
ZAR
      2,890
05/21/2025
GST
OUTsurance Group Ltd.
          0
       (238)
USD
     40,431
05/21/2025
MSI
Ovintiv, Inc.
          0
      1,141
 
     36,275
05/21/2025
JPM
Ovintiv, Inc.
          0
        965
 
     15,835
05/21/2025
GST
Ovintiv, Inc.
          0
        451
 
      5,315
05/21/2025
JPM
PACS Group, Inc.
          0
         39
 
      8,329
05/21/2025
JPM
Palantir Technologies, Inc.
          0
     (4,344)
 
      2,896
05/21/2025
JPM
Palo Alto Networks, Inc.
          0
       (655)
 
     11,628
05/21/2025
MSI
Palo Alto Networks, Inc.
          0
       (896)
 
     24,488
05/21/2025
GST
Palo Alto Networks, Inc.
          0
     (4,113)
DKK
     79,936
05/21/2025
GST
Pandora AS
          0
      3,387
 
     20,708
05/21/2025
JPM
Pandora AS
          0
      1,732
 
     23,182
05/21/2025
MSI
Pandora AS
          0
        579
CAD
     20,630
05/21/2025
MSI
Paramount Resources Ltd.
          0
        480
 
      7,217
05/21/2025
JPM
Parkland Corp.
          0
       (690)
CHF
     23,879
05/21/2025
MSI
Partners Group Holding AG
          0
        (39)
 
     65,876
05/21/2025
GST
Partners Group Holding AG
          0
     (2,158)
USD
      3,820
05/21/2025
GST
Patterson-UTI Energy, Inc.
          0
        199
 
      4,337
05/21/2025
MSI
Patterson-UTI Energy, Inc.
          0
        112
 
     11,972
05/21/2025
JPM
Patterson-UTI Energy, Inc.
          0
        105
 
     14,022
05/21/2025
GST
Paycom Software, Inc.
          0
      1,373
 
      5,921
05/21/2025
MSI
Paycom Software, Inc.
          0
        192
 
     15,671
05/21/2025
GST
Paycom Software, Inc.
          0
     (1,534)
 
     11,160
05/21/2025
MSI
PayPal Holdings, Inc.
          0
        691
The accompanying notes are an integral part of the consolidated financial statements.
96

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Total Return Swaps (continued)
Currency
Notional
Reset Date
Counter-
party
Reference Instrument
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
USD
      1,447
05/21/2025
GST
PayPal Holdings, Inc.
          $0
       $(133)
 
      7,201
05/21/2025
JPM
PDD Holdings, Inc.
          0
       (400)
 
      7,301
05/21/2025
GST
PDF Solutions, Inc.
          0
       (589)
GBP
        777
05/21/2025
GST
Pearson PLC
          0
        (25)
 
     11,022
05/21/2025
JPM
Pearson PLC
          0
       (660)
 
     46,794
05/21/2025
MSI
Pearson PLC
          0
       (837)
CAD
      2,416
05/21/2025
MSI
Pembina Pipeline Corp.
          0
         47
USD
      8,440
05/21/2025
MSI
Penumbra, Inc.
          0
       (638)
 
     26,568
05/21/2025
MSI
PepsiCo, Inc.
          0
      1,350
 
      3,293
05/21/2025
JPM
PepsiCo, Inc.
          0
        175
EUR
     24,708
05/21/2025
GST
Permanent TSB Group Holdings PLC
          0
        246
USD
     33,944
05/21/2025
JPM
Permian Resources Corp.
          0
      2,836
 
     25,462
05/21/2025
MSI
Permian Resources Corp.
          0
      1,454
CAD
    156,722
05/21/2025
JPM
Peyto Exploration & Development Corp.
          0
     12,926
 
     39,612
05/21/2025
MSI
Peyto Exploration & Development Corp.
          0
       (159)
USD
     16,294
05/21/2025
JPM
Pfizer, Inc.
          0
      1,282
 
     25,134
05/21/2025
MSI
Philip Morris International, Inc.
          0
      1,769
 
     28,544
05/21/2025
GST
Philip Morris International, Inc.
          0
      1,616
 
     11,253
05/21/2025
GST
Phillips 66
          0
       (818)
 
     15,297
05/21/2025
MSI
Phillips 66
          0
     (1,248)
 
      7,826
05/21/2025
MSI
Photronics, Inc.
          0
       (122)
 
      2,238
05/21/2025
MSI
Pilgrim's Pride Corp.
          0
        (54)
 
     38,085
05/21/2025
MSI
Pinnacle West Capital Corp.
          0
       (368)
 
      1,263
05/21/2025
JPM
Pinterest, Inc.
          0
         48
 
      5,593
05/21/2025
GST
Pinterest, Inc.
          0
       (256)
EUR
     40,612
05/21/2025
MSI
Piraeus Financial Holdings SA
          0
     (1,712)
USD
     22,235
05/21/2025
JPM
Plains All American Pipeline LP
          0
     (1,343)
 
      8,048
05/21/2025
MSI
Plains GP Holdings LP
          0
         (4)
EUR
     35,727
05/21/2025
GST
Planisware SA
          0
     (2,885)
USD
     79,345
05/21/2025
GST
PNC Financial Services Group, Inc.
          0
     (3,250)
 
    635,742
05/21/2025
MSI
PNC Financial Services Group, Inc.
          0
    (25,658)
 
     23,285
05/21/2025
MSI
Portland General Electric Co.
          0
        582
 
     12,450
05/21/2025
GST
Portland General Electric Co.
          0
       (144)
 
     16,674
05/21/2025
JPM
Portland General Electric Co.
          0
       (217)
 
      7,540
05/21/2025
GST
Power Integrations, Inc.
          0
       (466)
 
      3,795
05/21/2025
MSI
Powertech Technology, Inc.
          0
        126
PLN
     36,232
05/21/2025
MSI
Powszechna Kasa Oszczednosci Bank Polski SA
          0
     (1,256)
USD
      3,385
05/21/2025
MSI
Primo Brands Corp.
          0
        118
AUD
      9,882
05/21/2025
MSI
Pro Medicus Ltd.
          0
     (1,014)
USD
     12,022
05/21/2025
GST
PROCEPT BioRobotics Corp.
          0
       (124)
 
     10,633
05/21/2025
GST
Procore Technologies, Inc.
          0
      1,480
 
      3,091
05/21/2025
MSI
Procore Technologies, Inc.
          0
        178
 
        909
05/21/2025
MSI
Procore Technologies, Inc.
          0
        (52)
 
        394
05/21/2025
GST
Procore Technologies, Inc.
          0
        (55)
The accompanying notes are an integral part of the consolidated financial statements.
97

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Total Return Swaps (continued)
Currency
Notional
Reset Date
Counter-
party
Reference Instrument
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
USD
     12,570
05/21/2025
MSI
Procter & Gamble Co.
          $0
       $(110)
 
      7,403
05/21/2025
JPM
Progressive Corp.
          0
       (768)
EUR
        820
05/21/2025
MSI
Prosus NV
          0
        (68)
 
      1,712
05/21/2025
GST
Prosus NV
          0
       (133)
USD
      4,287
05/21/2025
GST
Prothena Corp. PLC
          0
        (46)
GBP
     61,174
05/21/2025
MSI
Prudential PLC
          0
      2,969
 
    113,722
05/21/2025
GST
Prudential PLC
          0
      2,632
CHF
     52,763
05/21/2025
MSI
PSP Swiss Property AG
          0
     (2,406)
USD
      8,530
05/21/2025
GST
PTC Therapeutics, Inc.
          0
        292
 
     11,075
05/21/2025
GST
Public Service Enterprise Group, Inc.
          0
         44
 
     12,264
05/21/2025
JPM
Public Service Enterprise Group, Inc.
          0
       (445)
EUR
     38,012
05/21/2025
JPM
Publicis Groupe SA
          0
      6,541
 
     79,291
05/21/2025
GST
Publicis Groupe SA
          0
      4,199
 
     14,834
05/21/2025
MSI
Publicis Groupe SA
          0
        415
 
      2,077
05/21/2025
MSI
Publicis Groupe SA
          0
        (58)
 
     13,091
05/21/2025
JPM
Publicis Groupe SA
          0
       (865)
 
     17,012
05/21/2025
GST
Publicis Groupe SA
          0
       (901)
USD
      7,719
05/21/2025
MSI
Pure Storage, Inc.
          0
       (627)
 
      2,602
05/21/2025
GST
Q2 Holdings, Inc.
          0
       (251)
EUR
     92,967
05/21/2025
GST
Qiagen NV
          0
      1,765
 
     19,819
05/21/2025
JPM
Qiagen NV
          0
        834
USD
     28,828
05/21/2025
MSI
Qiagen NV
          0
        847
 
      8,468
05/21/2025
GST
Qorvo, Inc.
          0
       (419)
EUR
     19,083
05/21/2025
GST
QT Group OYJ
          0
      3,077
 
      5,411
05/21/2025
MSI
QT Group OYJ
          0
        985
USD
        583
05/21/2025
MSI
QUALCOMM, Inc.
          0
        (11)
 
     51,053
05/21/2025
GST
QUALCOMM, Inc.
          0
     (4,620)
 
     14,386
05/21/2025
JPM
Quanta Computer, Inc.
          0
      2,855
 
        508
05/21/2025
GST
Quanta Services, Inc.
          0
        (78)
 
      1,092
05/21/2025
MSI
Quanta Services, Inc.
          0
        (79)
 
     17,726
05/21/2025
MSI
Quest Diagnostics, Inc.
          0
     (1,165)
 
      9,019
05/21/2025
MSI
Rambus, Inc.
          0
       (251)
AUD
     12,172
05/21/2025
MSI
REA Group Ltd.
          0
       (706)
EUR
     22,952
05/21/2025
GST
Recordati Industria Chimica e Farmaceutica SpA
          0
     (1,747)
JPY
     11,050
05/21/2025
GST
Recruit Holdings Co., Ltd.
          0
     (1,308)
USD
      3,700
05/21/2025
MSI
Recursion Pharmaceuticals, Inc.
          0
         33
 
      3,360
05/21/2025
GST
Recursion Pharmaceuticals, Inc.
          0
       (112)
EUR
        573
05/21/2025
GST
Redcare Pharmacy NV
          0
        (33)
 
      4,651
05/21/2025
MSI
Redcare Pharmacy NV
          0
       (137)
 
     38,046
05/21/2025
JPM
Redcare Pharmacy NV
          0
     (4,092)
USD
      5,461
05/21/2025
GST
Reddit, Inc.
          0
     (1,300)
 
     17,073
05/21/2025
MSI
Reddit, Inc.
          0
     (3,559)
EUR
     19,068
05/21/2025
MSI
Redeia Corp. SA
          0
        (91)
USD
      6,301
05/21/2025
JPM
Regeneron Pharmaceuticals, Inc.
          0
       (286)
The accompanying notes are an integral part of the consolidated financial statements.
98

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Total Return Swaps (continued)
Currency
Notional
Reset Date
Counter-
party
Reference Instrument
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
USD
    118,956
05/21/2025
MSI
Regions Financial Corp.
          $0
     $(6,239)
 
    266,400
05/21/2025
GST
Regions Financial Corp.
          0
    (15,952)
 
     37,033
05/21/2025
MSI
RenaissanceRe Holdings Ltd.
          0
     (1,918)
 
     61,263
05/21/2025
JPM
RenaissanceRe Holdings Ltd.
          0
     (5,994)
JPY
     28,684
05/21/2025
GST
Renesas Electronics Corp.
          0
      2,177
EUR
     42,299
05/21/2025
JPM
RENK Group AG
          0
     14,173
 
      7,658
05/21/2025
JPM
Repsol SA
          0
       (602)
 
     29,865
05/21/2025
GST
Repsol SA
          0
     (1,370)
JPY
    107,533
05/21/2025
MSI
Resona Holdings, Inc.
          0
     (9,883)
 
     51,014
05/21/2025
JPM
Resona Holdings, Inc.
          0
    (14,018)
USD
     20,071
05/21/2025
GST
Revolution Medicines, Inc.
          0
      2,097
 
     19,121
05/21/2025
GST
Revvity, Inc.
          0
       (780)
EUR
    144,035
05/21/2025
GST
Rheinmetall AG
          0
      8,343
USD
      7,289
05/21/2025
MSI
Ring Energy, Inc.
          0
       (604)
DKK
    138,092
05/21/2025
GST
Ringkjoebing Landbobank AS
          0
    (13,119)
USD
     48,179
05/21/2025
MSI
Robinhood Markets, Inc.
          0
     (5,498)
 
     16,895
05/21/2025
GST
ROBLOX Corp.
          0
      2,013
 
     10,245
05/21/2025
MSI
ROBLOX Corp.
          0
      1,422
 
     11,308
05/21/2025
MSI
ROBLOX Corp.
          0
     (1,633)
CHF
      8,451
05/21/2025
GST
Roche Holding AG
          0
       (468)
 
      8,335
05/21/2025
GST
Roche Holding AG
          0
       (478)
USD
      8,177
05/21/2025
GST
Rocket Cos., Inc.
          0
        963
 
      7,450
05/21/2025
MSI
Rocket Cos., Inc.
          0
        244
 
      9,644
05/21/2025
GST
Rocket Pharmaceuticals, Inc.
          0
        619
 
      5,889
05/21/2025
JPM
Roivant Sciences Ltd.
          0
     (1,501)
SEK
      1,515
05/21/2025
JPM
Roko AB
          0
       (325)
 
      6,312
05/21/2025
MSI
Roko AB
          0
       (596)
 
     43,253
05/21/2025
GST
Roko AB
          0
     (2,084)
USD
     12,662
05/21/2025
GST
Roku, Inc.
          0
     (1,928)
 
     19,280
05/21/2025
MSI
Roku, Inc.
          0
     (2,878)
GBP
    957,693
05/21/2025
MSI
Rolls-Royce Holdings PLC
          0
     35,369
 
     35,447
05/21/2025
GST
Rotork PLC
          0
      1,891
CAD
    833,598
05/21/2025
MSI
Royal Bank of Canada
          0
     24,376
USD
     32,288
05/21/2025
MSI
Royal Caribbean Cruises Ltd.
          0
     (2,743)
DKK
      4,524
05/21/2025
MSI
Royal Unibrew AS
          0
       (311)
 
     89,999
05/21/2025
GST
Royal Unibrew AS
          0
     (8,383)
USD
      3,634
05/21/2025
MSI
Royalty Pharma PLC
          0
        (41)
GBP
     74,300
05/21/2025
GST
RS Group PLC
          0
      3,851
 
     11,361
05/21/2025
JPM
RS Group PLC
          0
        509
 
      7,522
05/21/2025
MSI
RS Group PLC
          0
        (52)
EUR
      7,868
05/21/2025
JPM
Ryanair Holdings PLC
          0
      1,186
 
      9,150
05/21/2025
MSI
Ryanair Holdings PLC
          0
        511
USD
     32,074
05/21/2025
JPM
Ryanair Holdings PLC
          0
      7,076
 
        856
05/21/2025
MSI
Ryanair Holdings PLC
          0
         53
The accompanying notes are an integral part of the consolidated financial statements.
99

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Total Return Swaps (continued)
Currency
Notional
Reset Date
Counter-
party
Reference Instrument
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
USD
        449
05/21/2025
GST
S&P Global, Inc.
          $0
        $(51)
 
     50,366
05/21/2025
MSI
S&P Global, Inc.
          0
     (3,139)
EUR
    358,797
05/21/2025
GST
Safran SA
          0
     33,775
 
    113,271
05/21/2025
MSI
Safran SA
          0
     10,169
USD
     92,141
05/21/2025
GST
Salesforce, Inc.
          0
    (12,656)
EUR
     72,342
05/21/2025
JPM
Sampo OYJ
          0
      7,347
 
    208,150
05/21/2025
MSI
Sampo OYJ
          0
      1,335
 
     81,796
05/21/2025
GST
Sampo OYJ
          0
     (1,248)
USD
      6,652
05/21/2025
MSI
Samsara, Inc.
          0
       (170)
 
     25,489
05/21/2025
GST
Samsara, Inc.
          0
     (2,987)
CHF
      7,354
05/21/2025
GST
Sandoz Group AG
          0
       (804)
AUD
      9,915
05/21/2025
GST
Santos Ltd.
          0
       (691)
 
     20,403
05/21/2025
MSI
Santos Ltd.
          0
     (1,387)
EUR
     28,089
05/21/2025
GST
SAP SE
          0
      4,974
 
      6,530
05/21/2025
JPM
SAP SE
          0
        487
USD
     22,791
05/21/2025
MSI
SAP SE
          0
     (2,630)
 
      7,912
05/21/2025
JPM
Sarepta Therapeutics, Inc.
          0
      1,510
 
      6,186
05/21/2025
GST
Sarepta Therapeutics, Inc.
          0
        803
EUR
     17,896
05/21/2025
GST
Sartorius AG
          0
       (418)
 
      8,483
05/21/2025
GST
Sartorius Stedim Biotech
          0
       (572)
ZAR
      5,071
05/21/2025
GST
Sasol Ltd.
          0
        176
 
      3,075
05/21/2025
MSI
Sasol Ltd.
          0
          8
GBP
      7,919
05/21/2025
JPM
Savills PLC
          0
        166
 
     44,101
05/21/2025
GST
Savills PLC
          0
         22
USD
     56,217
05/21/2025
MSI
SBA Communications Corp.
          0
      4,633
 
     18,721
05/21/2025
GST
SBA Communications Corp.
          0
      1,482
JPY
     37,224
05/21/2025
MSI
SBI Sumishin Net Bank Ltd.
          0
     (3,386)
DKK
     53,295
05/21/2025
GST
Scandinavian Tobacco Group AS
          0
      3,179
USD
    143,307
05/21/2025
MSI
Schlumberger NV
          0
      3,324
 
     18,833
05/21/2025
GST
Schlumberger NV
          0
        745
EUR
     34,613
05/21/2025
GST
Schneider Electric SE
          0
       (623)
 
     78,102
05/21/2025
MSI
SCOR SE
          0
     (7,236)
 
      2,553
05/21/2025
GST
Scout24 AG
          0
        (99)
JPY
      8,246
05/21/2025
GST
SCREEN Holdings Co. Ltd.
          0
       (371)
USD
     11,616
05/21/2025
MSI
Sea Ltd.
          0
     (1,387)
GBP
     36,271
05/21/2025
GST
Segro PLC
          0
        325
 
      4,720
05/21/2025
MSI
Segro PLC
          0
         59
 
     16,722
05/21/2025
JPM
Segro PLC
          0
       (904)
USD
     18,954
05/21/2025
GST
Sempra
          0
      1,025
 
     15,572
05/21/2025
GST
SentinelOne, Inc.
          0
      2,244
GBP
     70,201
05/21/2025
GST
Serco Group PLC
          0
      3,544
 
     14,823
05/21/2025
MSI
Serco Group PLC
          0
        961
 
      1,552
05/21/2025
JPM
Serco Group PLC
          0
        207
USD
     35,304
05/21/2025
JPM
ServiceNow, Inc.
          0
     10,536
The accompanying notes are an integral part of the consolidated financial statements.
100

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Total Return Swaps (continued)
Currency
Notional
Reset Date
Counter-
party
Reference Instrument
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
USD
     12,098
05/21/2025
GST
ServiceNow, Inc.
          $0
       $(317)
 
     21,190
05/21/2025
MSI
ServiceNow, Inc.
          0
     (1,730)
 
     27,925
05/21/2025
JPM
ServiceNow, Inc.
          0
     (6,455)
HKD
     11,356
05/21/2025
JPM
Shandong Weigao Group Medical Polymer Co., Ltd.
          0
        715
USD
     26,551
05/21/2025
MSI
SharkNinja, Inc.
          0
       (147)
 
      1,545
05/21/2025
JPM
SharkNinja, Inc.
          0
       (226)
GBP
     84,477
05/21/2025
GST
Shell PLC
          0
        574
USD
      2,151
05/21/2025
MSI
Shift4 Payments, Inc.
          0
        (58)
 
      4,843
05/21/2025
GST
Shift4 Payments, Inc.
          0
       (146)
JPY
    126,929
05/21/2025
GST
Shiga Bank Ltd.
          0
     (3,933)
 
      8,712
05/21/2025
GST
Shionogi & Co., Ltd.
          0
         22
USD
     11,464
05/21/2025
MSI
Shoals Technologies Group, Inc.
          0
        907
 
     37,592
05/21/2025
MSI
Shopify, Inc.
          0
      4,968
 
        653
05/21/2025
GST
Shopify, Inc.
          0
        105
 
    340,683
05/21/2025
JPM
Short Term Rates Trend
          0
          1
EUR
     17,582
05/21/2025
GST
Shurgard Self Storage Ltd.
          0
     (1,038)
 
      8,080
05/21/2025
JPM
Shurgard Self Storage Ltd.
          0
     (1,127)
CHF
     11,725
05/21/2025
GST
Sika AG
          0
       (710)
 
     21,616
05/21/2025
MSI
Sika AG
          0
     (1,018)
USD
     14,042
05/21/2025
MSI
Silergy Corp.
          0
        143
 
      6,692
05/21/2025
GST
Silicon Laboratories, Inc.
          0
       (838)
HKD
     10,461
05/21/2025
MSI
Sino Biopharmaceutical Ltd.
          0
       (507)
USD
     96,674
05/21/2025
MSI
SiriusPoint Ltd.
          0
      2,782
 
      6,757
05/21/2025
JPM
SiTime Corp.
          0
     (1,321)
 
     58,826
05/21/2025
MSI
Sitio Royalties Corp.
          0
      5,334
 
     18,937
05/21/2025
JPM
SK Hynix, Inc.
          0
         19
 
        871
05/21/2025
GST
SK Hynix, Inc.
          0
         13
SEK
     76,233
05/21/2025
MSI
Skandinaviska Enskilda Banken AB
          0
     (2,621)
 
    409,040
05/21/2025
GST
Skandinaviska Enskilda Banken AB
          0
    (14,219)
USD
      6,890
05/21/2025
JPM
SkyWater Technology, Inc.
          0
       (951)
 
      3,810
05/21/2025
MSI
SM Energy Co.
          0
          4
 
        418
05/21/2025
GST
SM Energy Co.
          0
        (15)
 
     39,716
05/21/2025
JPM
SM Energy Co.
          0
     (1,785)
GBP
      8,025
05/21/2025
GST
Smith & Nephew PLC
          0
       (635)
 
     41,110
05/21/2025
JPM
Smith & Nephew PLC
          0
     (3,230)
 
     80,226
05/21/2025
GST
Smiths Group PLC
          0
      4,235
 
     16,849
05/21/2025
JPM
Smiths Group PLC
          0
      1,763
 
     38,861
05/21/2025
MSI
Smiths Group PLC
          0
        724
USD
      8,873
05/21/2025
GST
Snap, Inc.
          0
       (408)
 
     15,899
05/21/2025
GST
Snowflake, Inc.
          0
      2,442
 
     24,326
05/21/2025
MSI
Snowflake, Inc.
          0
      2,150
 
      1,310
05/21/2025
JPM
Snowflake, Inc.
          0
        285
 
      2,192
05/21/2025
GST
Snowflake, Inc.
          0
       (360)
EUR
    219,900
05/21/2025
GST
Societe Generale SA
          0
     30,041
The accompanying notes are an integral part of the consolidated financial statements.
101

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Total Return Swaps (continued)
Currency
Notional
Reset Date
Counter-
party
Reference Instrument
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
EUR
    119,248
05/21/2025
MSI
Societe Generale SA
          $0
      $3,594
USD
      6,510
05/21/2025
GST
SoFi Technologies, Inc.
          0
     (1,108)
 
     15,097
05/21/2025
MSI
SoFi Technologies, Inc.
          0
     (2,167)
EUR
      5,445
05/21/2025
GST
Sofina SA
          0
       (216)
 
     16,266
05/21/2025
MSI
Sofina SA
          0
       (784)
USD
      5,685
05/21/2025
MSI
SolarEdge Technologies, Inc.
          0
        (32)
 
     12,009
05/21/2025
GST
SolarEdge Technologies, Inc.
          0
       (704)
EUR
     18,463
05/21/2025
GST
Solaria Energia y Medio Ambiente SA
          0
        146
USD
      7,252
05/21/2025
MSI
Solventum Corp.
          0
        (21)
CHF
      1,431
05/21/2025
MSI
Sonova Holding AG
          0
       (127)
 
     72,533
05/21/2025
GST
Sonova Holding AG
          0
     (5,223)
JPY
    100,492
05/21/2025
GST
Sony Group Corp.
          0
     12,322
 
      6,803
05/21/2025
MSI
Sony Group Corp.
          0
        739
 
      5,394
05/21/2025
JPM
Sony Group Corp.
          0
        309
USD
    781,736
05/21/2025
JPM
SPDR Blackstone Senior Loan ETF
          0
    (13,475)
 
     96,232
05/21/2025
MSI
SPDR S&P 500 ETF Trust
          0
     (3,030)
 
     29,373
05/21/2025
GST
SPDR S&P Biotech ETF
          0
     (2,894)
 
    221,014
05/21/2025
JPM
SPDR S&P Biotech ETF
          0
    (30,159)
 
     86,436
05/21/2025
MSI
SPDR S&P Oil & Gas Exploration & Production ETF
          0
       (471)
 
    381,392
05/21/2025
JPM
SPDR S&P Oil & Gas Exploration & Production ETF
          0
    (14,507)
 
  1,200,268
05/21/2025
MSI
SPDR S&P Regional Banking ETF
          0
    (31,947)
 
  1,024,480
05/21/2025
MSI
SPDR S&P Retail ETF
          0
    (22,095)
GBP
     81,400
05/21/2025
GST
Spectris PLC
          0
      1,920
 
      3,860
05/21/2025
JPM
Spectris PLC
          0
         27
 
     11,154
05/21/2025
MSI
Spectris PLC
          0
       (326)
EUR
     67,291
05/21/2025
GST
SPIE SA
          0
      6,529
 
     11,190
05/21/2025
JPM
SPIE SA
          0
      2,046
 
      9,964
05/21/2025
MSI
SPIE SA
          0
        798
USD
     46,707
05/21/2025
JPM
Spotify Technology SA
          0
      8,551
 
      7,918
05/21/2025
MSI
SS&C Technologies Holdings, Inc.
          0
       (171)
 
      6,546
05/21/2025
GST
SS&C Technologies Holdings, Inc.
          0
       (182)
 
     10,185
05/21/2025
JPM
SS&C Technologies Holdings, Inc.
          0
       (324)
 
     22,853
05/21/2025
MSI
Starbucks Corp.
          0
        999
 
     79,326
05/21/2025
MSI
State Street Corp.
          0
       (757)
 
     79,542
05/21/2025
GST
State Street Corp.
          0
     (1,862)
EUR
     54,497
05/21/2025
MSI
Stellantis NV
          0
     (1,682)
USD
      7,657
05/21/2025
GST
STERIS PLC
          0
       (209)
 
     24,868
05/21/2025
GST
Stevanato Group SpA
          0
        963
EUR
      2,520
05/21/2025
GST
STMicroelectronics NV
          0
       (266)
NOK
    223,424
05/21/2025
MSI
Storebrand ASA
          0
      8,401
 
     77,909
05/21/2025
GST
Storebrand ASA
          0
      3,063
EUR
    112,675
05/21/2025
MSI
STOXX Europe 600 Automobiles & Parts Index
          0
     (4,956)
 
    116,416
05/21/2025
MSI
STOXX Europe 600 Financial Services Index
          0
     (2,478)
 
    772,661
05/21/2025
MSI
STOXX Europe 600 Insurance Index
          0
    (13,194)
The accompanying notes are an integral part of the consolidated financial statements.
102

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Total Return Swaps (continued)
Currency
Notional
Reset Date
Counter-
party
Reference Instrument
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
EUR
    666,011
05/21/2025
GST
STOXX Europe 600 Insurance Index
          $0
    $(13,540)
 
     39,515
05/21/2025
MSI
STOXX Europe 600 Real Estate Index
          0
       (865)
 
    706,436
05/21/2025
GST
STOXX Europe 600 Technology Index
          0
     (9,256)
CHF
     26,724
05/21/2025
GST
Straumann Holding AG
          0
     (1,136)
 
     44,553
05/21/2025
JPM
Straumann Holding AG
          0
     (2,523)
USD
     14,504
05/21/2025
JPM
Stryker Corp.
          0
      1,200
 
      1,381
05/21/2025
JPM
Stryker Corp.
          0
       (114)
 
      4,754
05/21/2025
GST
Stryker Corp.
          0
       (481)
NOK
     16,863
05/21/2025
GST
Subsea 7 SA
          0
      1,418
CHF
     63,173
05/21/2025
GST
Sulzer AG
          0
      3,736
 
      6,485
05/21/2025
JPM
Sulzer AG
          0
        807
 
     20,568
05/21/2025
MSI
Sulzer AG
          0
        678
JPY
     24,794
05/21/2025
GST
Sumitomo Electric Industries Ltd.
          0
      3,666
 
    207,332
05/21/2025
MSI
Sumitomo Mitsui Financial Group, Inc.
          0
    (10,898)
 
     74,424
05/21/2025
GST
Sumitomo Mitsui Trust Holdings, Inc.
          0
     (6,249)
USD
      4,452
05/21/2025
GST
Sunrun, Inc.
          0
         89
 
     21,579
05/21/2025
MSI
Sunrun, Inc.
          0
       (564)
 
      6,222
05/21/2025
GST
Surgery Partners, Inc.
          0
        539
 
      6,595
05/21/2025
MSI
Surgery Partners, Inc.
          0
        275
SEK
     49,826
05/21/2025
MSI
Svenska Handelsbanken AB
          0
     (6,123)
 
    307,239
05/21/2025
GST
Swedbank AB
          0
     (8,806)
 
    170,679
05/21/2025
MSI
Swedbank AB
          0
    (14,404)
 
        624
05/21/2025
MSI
Swedish Orphan Biovitrum AB
          0
        (67)
 
      8,698
05/21/2025
GST
Swedish Orphan Biovitrum AB
          0
       (941)
CHF
    203,084
05/21/2025
MSI
Swiss Life Holding AG
          0
    (13,279)
 
     39,943
05/21/2025
MSI
Swiss Re AG
          0
     (1,184)
 
    130,008
05/21/2025
GST
Swiss Re Ltd.
          0
     (4,913)
USD
      1,613
05/21/2025
JPM
Synchrony Financial
          0
       (257)
 
      7,618
05/21/2025
JPM
Synopsys, Inc.
          0
     (1,562)
JPY
      7,640
05/21/2025
GST
Sysmex Corp.
          0
         82
USD
      5,027
05/21/2025
GST
Taiwan Semiconductor Manufacturing Co. Ltd.
          0
       (640)
 
    119,598
05/21/2025
JPM
Taiwan Semiconductor Manufacturing Co., Ltd.
          0
     14,833
 
     69,262
05/21/2025
MSI
Taiwan Semiconductor Manufacturing Co., Ltd.
          0
      5,081
 
     55,498
05/21/2025
MSI
Taiwan Semiconductor Manufacturing Co., Ltd.
          0
      4,035
 
      8,332
05/21/2025
JPM
Taiwan Semiconductor Manufacturing Co., Ltd.
          0
      1,170
 
     20,933
05/21/2025
MSI
Taiwan Semiconductor Manufacturing Co., Ltd.
          0
     (1,070)
 
     10,670
05/21/2025
JPM
Taiwan Semiconductor Manufacturing Co., Ltd.
          0
     (1,498)
JPY
      8,669
05/21/2025
GST
Takeda Pharmaceutical Co., Ltd.
          0
       (274)
USD
     75,325
05/21/2025
MSI
Take-Two Interactive Software, Inc.
          0
      6,571
 
     46,982
05/21/2025
GST
Take-Two Interactive Software, Inc.
          0
      6,449
 
     26,271
05/21/2025
JPM
Take-Two Interactive Software, Inc.
          0
      4,760
EUR
    212,718
05/21/2025
MSI
Talanx AG
          0
     11,809
 
    172,855
05/21/2025
GST
Talanx AG
          0
      7,273
USD
      6,336
05/21/2025
MSI
Talos Energy, Inc.
          0
         28
The accompanying notes are an integral part of the consolidated financial statements.
103

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Total Return Swaps (continued)
Currency
Notional
Reset Date
Counter-
party
Reference Instrument
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
USD
     44,566
05/21/2025
MSI
Tapestry, Inc.
          $0
      $4,677
 
     27,926
05/21/2025
GST
Tapestry, Inc.
          0
      3,302
 
    128,746
05/21/2025
MSI
Targa Resources Corp.
          0
      1,822
 
     41,258
05/21/2025
GST
Targa Resources Corp.
          0
      1,467
 
     50,118
05/21/2025
MSI
Target Corp.
          0
     (2,294)
CAD
     80,813
05/21/2025
MSI
TC Energy Corp.
          0
     (2,183)
 
     66,108
05/21/2025
GST
TC Energy Corp.
          0
     (2,542)
JPY
      2,761
05/21/2025
GST
TDK Corp.
          0
       (365)
CHF
      5,606
05/21/2025
GST
Tecan Group AG
          0
        698
 
      5,742
05/21/2025
MSI
Tecan Group AG
          0
        538
EUR
    117,371
05/21/2025
GST
Technip Energies NV
          0
      3,504
 
     39,989
05/21/2025
MSI
Tecnicas Reunidas SA
          0
      2,055
 
      1,699
05/21/2025
GST
Tecnicas Reunidas SA
          0
         94
CHF
     27,607
05/21/2025
GST
Temenos AG
          0
      1,103
 
      1,897
05/21/2025
MSI
Temenos AG
          0
        154
HKD
     13,786
05/21/2025
JPM
Tencent Holdings Ltd.
          0
      1,292
 
     10,288
05/21/2025
MSI
Tencent Holdings Ltd.
          0
        454
 
      7,790
05/21/2025
JPM
Tencent Holdings Ltd.
          0
       (730)
USD
      6,704
05/21/2025
JPM
Tenet Healthcare Corp.
          0
     (1,301)
 
      8,098
05/21/2025
GST
Teradyne, Inc.
          0
       (510)
JPY
      7,440
05/21/2025
GST
Terumo Corp.
          0
       (115)
USD
      4,550
05/21/2025
GST
Tesla, Inc.
          0
     (1,093)
 
     93,997
05/21/2025
MSI
Tesla, Inc.
          0
     (9,838)
 
      6,283
05/21/2025
MSI
Teva Pharmaceutical Industries Ltd.
          0
       (882)
 
     59,321
05/21/2025
GST
Texas Instruments, Inc.
          0
        422
 
     50,587
05/21/2025
JPM
Texas Instruments, Inc.
          0
       (949)
 
     66,149
05/21/2025
MSI
Texas Instruments, Inc.
          0
     (2,833)
 
     11,378
05/21/2025
MSI
Texas Pacific Land Corp.
          0
       (221)
 
     13,739
05/21/2025
GST
Texas Pacific Land Corp.
          0
       (439)
 
     13,847
05/21/2025
JPM
Texas Pacific Land Corp.
          0
     (1,620)
EUR
        883
05/21/2025
MSI
Thales SA
          0
        (48)
 
     54,863
05/21/2025
GST
Thales SA
          0
     (1,543)
USD
      9,703
05/21/2025
GST
Thermo Fisher Scientific, Inc.
          0
        164
 
      3,087
05/21/2025
MSI
Thermo Fisher Scientific, Inc.
          0
        (84)
 
      3,328
05/21/2025
MSI
Third Harmonic Bio, Inc.
          0
        (33)
CAD
      8,793
05/21/2025
JPM
Thomson Reuters Corp.
          0
       (974)
USD
     32,254
05/21/2025
MSI
TJX Cos., Inc.
          0
        (45)
 
      3,967
05/21/2025
GST
TJX Cos., Inc.
          0
       (150)
 
        715
05/21/2025
GST
TKO Group Holdings, Inc.
          0
        (99)
 
      1,412
05/21/2025
JPM
TKO Group Holdings, Inc.
          0
       (217)
 
     92,815
05/21/2025
MSI
T-Mobile U.S., Inc.
          0
      6,876
 
     42,347
05/21/2025
GST
T-Mobile U.S., Inc.
          0
        366
 
     22,694
05/21/2025
JPM
T-Mobile U.S., Inc.
          0
        (26)
 
     38,472
05/21/2025
GST
Toast, Inc.
          0
     (2,908)
The accompanying notes are an integral part of the consolidated financial statements.
104

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Total Return Swaps (continued)
Currency
Notional
Reset Date
Counter-
party
Reference Instrument
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
USD
    169,301
05/21/2025
MSI
Toast, Inc.
          $0
     $(3,546)
JPY
     49,932
05/21/2025
GST
Tochigi Bank Ltd.
          0
      6,530
 
     28,889
05/21/2025
MSI
Tochigi Bank Ltd.
          0
      5,093
 
      7,399
05/21/2025
JPM
Tokyo Electron Ltd.
          0
     (1,967)
 
      3,050
05/21/2025
MSI
Tokyo Seimitsu Co., Ltd.
          0
       (173)
 
     25,247
05/21/2025
GST
Tokyo Seimitsu Co., Ltd.
          0
     (1,709)
 
     14,897
05/21/2025
GST
Tokyo Stock Exchange Tokyo Price Index TOPIX
          0
       (805)
 
    510,308
05/21/2025
GST
Tokyo Stock Exchange TOPIX Banks Index
          0
     36,129
 
     77,259
05/21/2025
MSI
Tokyo Stock Exchange TOPIX Banks Index
          0
       (287)
 
     56,378
05/21/2025
GST
Tokyo Stock Exchange TOPIX Banks Index
          0
     (4,409)
 
    146,932
05/21/2025
MSI
Tokyo Stock Exchange TOPIX Banks Index
          0
    (10,366)
USD
      1,750
05/21/2025
GST
Toll Brothers, Inc.
          0
       (166)
NOK
      1,267
05/21/2025
MSI
TOMRA Systems ASA
          0
        (92)
 
     34,178
05/21/2025
GST
TOMRA Systems ASA
          0
     (4,350)
USD
        553
05/21/2025
GST
TopBuild Corp.
          0
        (38)
 
      1,436
05/21/2025
MSI
TopBuild Corp.
          0
        (43)
JPY
     19,946
05/21/2025
GST
TOPPAN Holdings, Inc.
          0
        777
EUR
     35,662
05/21/2025
GST
TotalEnergies SE
          0
       (862)
CAD
        524
05/21/2025
MSI
Tourmaline Oil Corp.
          0
          2
USD
     59,551
05/21/2025
MSI
Tractor Supply Co.
          0
       (383)
 
     36,255
05/21/2025
GST
Tractor Supply Co.
          0
     (1,203)
 
     48,367
05/21/2025
MSI
Tradeweb Markets, Inc.
          0
      1,698
 
    435,079
05/21/2025
GST
TransUnion
          0
     74,130
EUR
     11,968
05/21/2025
GST
Traton SE
          0
        (25)
SEK
     38,284
05/21/2025
GST
Trelleborg AB
          0
      2,559
 
      4,559
05/21/2025
MSI
Trelleborg AB
          0
        127
USD
      1,406
05/21/2025
GST
Trimble, Inc.
          0
       (148)
 
     22,169
05/21/2025
JPM
TriNet Group, Inc.
          0
      1,409
 
      6,791
05/21/2025
GST
TriNet Group, Inc.
          0
        337
SEK
      1,280
05/21/2025
MSI
Truecaller AB
          0
        (77)
 
     24,715
05/21/2025
GST
Truecaller AB
          0
     (1,439)
USD
      8,159
05/21/2025
MSI
Trupanion, Inc.
          0
        442
 
        918
05/21/2025
GST
Trupanion, Inc.
          0
         70
 
      2,738
05/21/2025
MSI
Twilio, Inc.
          0
       (260)
 
      7,065
05/21/2025
JPM
Twist Bioscience Corp.
          0
        254
 
     11,950
05/21/2025
GST
TXNM Energy, Inc.
          0
       (392)
 
      2,339
05/21/2025
JPM
Tyra Biosciences, Inc.
          0
       (926)
 
      6,385
05/21/2025
MSI
U.S. Lime & Minerals, Inc.
          0
        (68)
 
      3,731
05/21/2025
GST
U.S. Lime & Minerals, Inc.
          0
       (290)
 
     84,223
05/21/2025
GST
Uber Technologies, Inc.
          0
      9,344
 
     21,614
05/21/2025
MSI
Uber Technologies, Inc.
          0
      2,041
 
        575
05/21/2025
GST
Ubiquiti, Inc.
          0
        (78)
 
      1,126
05/21/2025
JPM
Ubiquiti, Inc.
          0
       (180)
EUR
     22,035
05/21/2025
GST
Ubisoft Entertainment SA
          0
      1,848
The accompanying notes are an integral part of the consolidated financial statements.
105

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Total Return Swaps (continued)
Currency
Notional
Reset Date
Counter-
party
Reference Instrument
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
EUR
     88,024
05/21/2025
GST
UCB SA
          $0
     $13,399
 
     51,398
05/21/2025
JPM
UCB SA
          0
      8,050
USD
      6,319
05/21/2025
GST
UFP Technologies, Inc.
          0
         63
 
      5,204
05/21/2025
GST
Ultragenyx Pharmaceutical, Inc.
          0
       (526)
EUR
     65,718
05/21/2025
GST
Unicaja Banco SA
          0
      4,157
 
    646,266
05/21/2025
JPM
UniCredit SpA
          0
    137,138
 
    211,234
05/21/2025
GST
UniCredit SpA
          0
     12,071
GBP
      2,397
05/21/2025
JPM
Unilever PLC
          0
        171
 
      2,808
05/21/2025
GST
Unilever PLC
          0
         58
 
      1,244
05/21/2025
CBK
Unilever PLC
          0
        (59)
 
    114,358
05/21/2025
GST
Unilever PLC
          0
     (2,378)
USD
      8,210
05/21/2025
GST
Union Pacific Corp.
          0
         15
EUR
     99,445
05/21/2025
GST
United Internet AG
          0
      4,643
USD
     10,271
05/21/2025
GST
United Rentals, Inc.
          0
     (1,095)
 
     43,206
05/21/2025
GST
United Therapeutics Corp.
          0
      2,864
 
     11,484
05/21/2025
GST
UnitedHealth Group, Inc.
          0
       (375)
 
     20,426
05/21/2025
MSI
UnitedHealth Group, Inc.
          0
     (6,025)
 
     62,439
05/21/2025
JPM
UnitedHealth Group, Inc.
          0
    (13,478)
 
      4,761
05/21/2025
MSI
Unity Software, Inc.
          0
       (569)
 
      8,740
05/21/2025
GST
Unity Software, Inc.
          0
       (826)
 
      6,770
05/21/2025
JPM
Universal Display Corp.
          0
       (767)
 
      6,867
05/21/2025
JPM
Universal Health Services, Inc.
          0
       (216)
 
      1,795
05/21/2025
MSI
Upstream Bio, Inc.
          0
        344
 
     55,337
05/21/2025
MSI
Utilities Select Sector SPDR Fund
          0
       (761)
 
     27,748
05/21/2025
MSI
Valero Energy Corp.
          0
      2,203
 
      5,760
05/21/2025
JPM
Valero Energy Corp.
          0
        509
 
      4,027
05/21/2025
GST
Valero Energy Corp.
          0
        268
EUR
     27,481
05/21/2025
GST
Valmet Corp.
          0
     (4,441)
 
      1,303
05/21/2025
MSI
Valmet OYJ
          0
       (195)
 
      1,869
05/21/2025
JPM
Valmet OYJ
          0
       (447)
USD
    323,875
05/21/2025
MSI
VanEck Oil Services ETF
          0
      1,714
 
     60,522
05/21/2025
GST
VanEck Oil Services ETF
          0
        731
 
      7,902
05/21/2025
CBK
VanEck Oil Services ETF
          0
        167
 
    246,235
05/21/2025
MSI
VanEck Semiconductor ETF
          0
    (21,457)
 
     17,581
05/21/2025
GST
Varonis Systems, Inc.
          0
      1,525
CHF
      2,877
05/21/2025
MSI
VAT Group AG
          0
        (40)
 
      9,246
05/21/2025
JPM
VAT Group AG
          0
       (495)
 
     26,358
05/21/2025
GST
VAT Group AG
          0
     (2,550)
USD
      8,030
05/21/2025
JPM
Vaxcyte, Inc.
          0
        823
 
      3,860
05/21/2025
GST
Vaxcyte, Inc.
          0
        692
 
      8,613
05/21/2025
GST
Veeva Systems, Inc.
          0
       (968)
 
      4,284
05/21/2025
GST
Venture Global, Inc.
          0
         80
 
        804
05/21/2025
MSI
Venture Global, Inc.
          0
        (10)
 
      6,153
05/21/2025
MSI
Vera Therapeutics, Inc.
          0
       (507)
The accompanying notes are an integral part of the consolidated financial statements.
106

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Total Return Swaps (continued)
Currency
Notional
Reset Date
Counter-
party
Reference Instrument
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
USD
      1,285
05/21/2025
GST
Veracyte, Inc.
          $0
          $4
EUR
     13,087
05/21/2025
JPM
Verbund AG
          0
       (736)
 
     75,095
05/21/2025
GST
Verbund AG
          0
     (1,072)
 
     32,256
05/21/2025
MSI
Verbund AG
          0
     (1,171)
USD
      2,413
05/21/2025
GST
VeriSign, Inc.
          0
       (408)
 
      9,733
05/21/2025
JPM
Verisk Analytics, Inc.
          0
       (642)
 
    113,602
05/21/2025
MSI
Verizon Communications, Inc.
          0
      1,073
 
    139,435
05/21/2025
GST
Verizon Communications, Inc.
          0
     (5,126)
 
     43,543
05/21/2025
MSI
Vertex Pharmaceuticals, Inc.
          0
        784
 
     13,041
05/21/2025
GST
Vertiv Holdings Co.
          0
     (3,437)
 
     47,172
05/21/2025
MSI
Vertiv Holdings Co.
          0
     (5,934)
DKK
         69
05/21/2025
MSI
Vestas Wind Systems AS
          0
          2
 
     97,295
05/21/2025
GST
Vestas Wind Systems AS
          0
       (620)
USD
     13,630
05/21/2025
JPM
Viatris, Inc.
          0
     (1,451)
EUR
     76,600
05/21/2025
GST
Vienna Insurance Group AG Wiener Versicherung Gruppe
          0
      3,331
 
      1,485
05/21/2025
JPM
Vienna Insurance Group AG Wiener Versicherung Gruppe
          0
        224
USD
     14,845
05/21/2025
MSI
Viking Holdings Ltd.
          0
        254
SEK
     10,596
05/21/2025
JPM
Vimian Group AB
          0
        150
USD
     83,579
05/21/2025
GST
Viper Energy, Inc.
          0
      1,517
 
     34,774
05/21/2025
MSI
Viper Energy, Inc.
          0
      1,442
 
    315,855
05/21/2025
GST
Visa, Inc.
          0
     (8,915)
 
      4,066
05/21/2025
GST
Vital Energy, Inc.
          0
        139
 
      6,844
05/21/2025
JPM
Vital Energy, Inc.
          0
        (19)
 
      9,744
05/21/2025
MSI
Vital Energy, Inc.
          0
       (153)
 
      7,137
05/21/2025
JPM
Vitesse Energy, Inc.
          0
        265
EUR
     41,865
05/21/2025
GST
Vonovia SE
          0
     (1,024)
 
     18,968
05/21/2025
JPM
Vonovia SE
          0
     (2,673)
 
     25,497
05/21/2025
GST
VusionGroup
          0
      3,282
 
      1,808
05/21/2025
MSI
VusionGroup
          0
        202
 
      6,149
05/21/2025
JPM
VusionGroup
          0
         63
USD
      9,455
05/21/2025
JPM
W&T Offshore, Inc.
          0
        686
SEK
      1,556
05/21/2025
MSI
Wallenstam AB
          0
        (64)
 
      1,105
05/21/2025
JPM
Wallenstam AB
          0
       (185)
 
     32,599
05/21/2025
GST
Wallenstam AB
          0
       (845)
USD
    579,983
05/21/2025
MSI
Walmart, Inc.
          0
     20,244
 
     18,944
05/21/2025
GST
Walmart, Inc.
          0
       (992)
 
    112,315
05/21/2025
MSI
Walmart, Inc.
          0
     (3,413)
 
     19,152
05/21/2025
GST
Walt Disney Co.
          0
      1,585
 
     19,041
05/21/2025
MSI
Walt Disney Co.
          0
        241
 
        756
05/21/2025
GST
Walt Disney Co.
          0
        (63)
 
      6,164
05/21/2025
JPM
Walt Disney Co.
          0
       (566)
 
      8,099
05/21/2025
GST
Warner Bros Discovery, Inc.
          0
       (745)
 
      2,190
05/21/2025
GST
Warner Music Group Corp.
          0
       (216)
 
      6,674
05/21/2025
MSI
Warner Music Group Corp.
          0
       (269)
The accompanying notes are an integral part of the consolidated financial statements.
107

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Total Return Swaps (continued)
Currency
Notional
Reset Date
Counter-
party
Reference Instrument
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
EUR
      9,351
05/21/2025
GST
Wartsila OYJ Abp
          $0
        $645
 
     13,606
05/21/2025
MSI
Wartsila OYJ Abp
          0
        606
USD
     24,905
05/21/2025
MSI
Waters Corp.
          0
      1,870
 
      1,926
05/21/2025
JPM
WaVe Life Sciences Ltd.
          0
       (637)
 
     52,121
05/21/2025
JPM
WEC Energy Group, Inc.
          0
      3,187
 
    407,552
05/21/2025
GST
Wells Fargo & Co.
          0
     44,569
 
    395,928
05/21/2025
MSI
Wells Fargo & Co.
          0
     40,997
 
      7,053
05/21/2025
MSI
WESCO International, Inc.
          0
        606
AUD
      1,892
05/21/2025
MSI
Wesfarmers Ltd.
          0
       (109)
USD
     12,665
05/21/2025
MSI
West Pharmaceutical Services, Inc.
          0
       (647)
 
      3,877
05/21/2025
MSI
Western Union Co.
          0
        (28)
 
      3,566
05/21/2025
JPM
Western Union Co.
          0
        (81)
AUD
     74,753
05/21/2025
MSI
Westpac Banking Corp.
          0
     (5,286)
GBP
     29,122
05/21/2025
GST
WH Smith PLC
          0
        593
 
     17,545
05/21/2025
JPM
WH Smith PLC
          0
        (76)
 
     14,478
05/21/2025
MSI
WH Smith PLC
          0
       (682)
CAD
      9,452
05/21/2025
MSI
Wheaton Precious Metals Corp.
          0
       (339)
 
     37,066
05/21/2025
MSI
Whitecap Resources, Inc.
          0
        233
USD
     63,407
05/21/2025
JPM
Williams Cos., Inc.
          0
      4,300
 
     86,861
05/21/2025
GST
Williams Cos., Inc.
          0
      3,278
 
     94,484
05/21/2025
MSI
Williams Cos., Inc.
          0
         48
 
     13,703
05/21/2025
GST
Wingstop, Inc.
          0
     (3,450)
 
     33,250
05/21/2025
MSI
Wingstop, Inc.
          0
     (5,806)
GBP
     32,956
05/21/2025
GST
Wise PLC
          0
        819
 
     27,845
05/21/2025
MSI
Wise PLC
          0
       (314)
 
     13,703
05/21/2025
GST
Wise PLC
          0
       (341)
 
      8,380
05/21/2025
JPM
Wise PLC
          0
     (1,100)
AUD
      9,411
05/21/2025
MSI
WiseTech Global Ltd.
          0
       (446)
USD
     13,206
05/21/2025
GST
Wix.com Ltd.
          0
        870
 
     13,281
05/21/2025
MSI
Wix.com Ltd.
          0
        795
 
      3,697
05/21/2025
GST
WNS Holdings Ltd.
          0
        187
 
        673
05/21/2025
MSI
WNS Holdings Ltd.
          0
         68
EUR
      1,725
05/21/2025
GST
Wolters Kluwer NV
          0
        (67)
 
     12,077
05/21/2025
MSI
Wolters Kluwer NV
          0
       (306)
AUD
     26,672
05/21/2025
JPM
Woodside Energy Group Ltd.
          0
     (2,033)
 
     65,510
05/21/2025
MSI
Woodside Energy Group Ltd.
          0
     (2,856)
USD
      8,866
05/21/2025
MSI
Workday, Inc.
          0
       (444)
 
     86,496
05/21/2025
GST
Workday, Inc.
          0
    (12,484)
HKD
      7,109
05/21/2025
JPM
WuXi AppTec Co., Ltd.
          0
     (1,265)
USD
     11,726
05/21/2025
MSI
Xenon Pharmaceuticals, Inc.
          0
      1,835
AUD
      5,558
05/21/2025
JPM
Xero Ltd.
          0
       (934)
USD
      2,440
05/21/2025
JPM
Yelp, Inc.
          0
       (121)
SEK
      1,201
05/21/2025
MSI
Yubico AB
          0
        (70)
 
     23,688
05/21/2025
GST
Yubico AB
          0
     (2,551)
The accompanying notes are an integral part of the consolidated financial statements.
108

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Total Return Swaps (continued)
Currency
Notional
Reset Date
Counter-
party
Reference Instrument
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
USD
    114,715
05/21/2025
MSI
Yum! Brands, Inc.
          $0
      $3,079
PLN
     15,568
05/21/2025
GST
Zabka Group SA
          0
       (123)
USD
      7,903
05/21/2025
GST
Zai Lab Ltd.
          0
        527
EUR
      1,377
05/21/2025
GST
Zalando SE
          0
        119
 
        654
05/21/2025
MSI
Zalando SE
          0
         34
USD
      6,828
05/21/2025
GST
Zimmer Biomet Holdings, Inc.
          0
       (488)
 
      6,461
05/21/2025
GST
Zoetis, Inc.
          0
       (420)
 
     31,767
05/21/2025
GST
Zscaler, Inc.
          0
      5,325
 
      6,958
05/21/2025
MSI
Zscaler, Inc.
          0
        732
 
      1,937
05/21/2025
GST
Zscaler, Inc.
          0
       (325)
CHF
    155,989
05/21/2025
MSI
Zurich Insurance Group AG
          0
     (6,507)
USD
4,179
05/21/2025
MSI
Zymeworks, Inc.
          0
       (791)
Total Total Return Swaps
          $0
    $831,977
Other Total Return Swap Contracts
$0
$(115,785)
 
 
 
 
Total Swap Contracts
   $(315,377)
    $568,794
The accompanying notes are an integral part of the consolidated financial statements.
109

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Written Options Contracts
Foreign Currency Options
Contract
 
Strike Price
Contracts
Expiration
Date
Premium
Value
EURVSCAD
Put
1.57
111,000
05/29/2025
      $1,105
      $1,282
EURVSCAD
Call
1.57
111,000
05/29/2025
1,105
996
EURVSNOK
Call
11.88
46,000
05/23/2025
641
405
EURVSNOK
Put
11.88
46,000
05/23/2025
641
718
EURVSSEK
Call
10.93
111,000
05/22/2025
1,202
1,267
EURVSSEK
Put
10.93
111,000
05/22/2025
1,202
857
EURVSSEK
Put
11.04
117,000
05/08/2025
1,382
1,285
EURVSSEK
Call
11.04
117,000
05/08/2025
1,382
391
USDVSCHF
Put
0.85
35,000
07/08/2025
593
1,567
USDVSCHF
Call
0.85
35,000
07/08/2025
593
141
USDVSCLP
Put
1,017.70
414,000
01/08/2026
21,560
35,330
USDVSCLP
Call
1,017.70
414,000
01/08/2026
21,559
10,606
USDVSJPY
Put
149.93
36,000
05/19/2025
689
1,923
USDVSJPY
Call
149.93
36,000
05/19/2025
689
7
USDVSMXN
Call
21.31
415,000
03/11/2026
21,470
12,449
USDVSMXN
Put
21.31
415,000
03/11/2026
21,470
31,182
USDVSNOK
Call
10.40
53,000
05/27/2025
817
657
USDVSNOK
Put
10.40
53,000
05/27/2025
817
818
USDVSNOK
Put
10.39
126,000
06/03/2025
1,849
2,020
USDVSNOK
Call
10.39
126,000
06/03/2025
1,849
1,857
USDVSNOK
Call
10.44
128,000
05/22/2025
1,928
1,276
USDVSNOK
Put
10.44
128,000
05/22/2025
1,928
2,107
USDVSZAR
Call
18.97
415,000
03/12/2026
22,257
22,425
USDVSZAR
Put
18.97
415,000
03/12/2026
22,257
19,664
Total Foreign Currency Options
    $150,985
    $151,230
Options on Equity Indices
Contract
 
Strike Price
Contracts
Expiration
Date
Premium
Value
S&P 500 Index
Call
5,700.00
2
09/30/2025
     $50,423
     $53,990
S&P 500 Index
Put
4,750.00
1
05/16/2025
4,347
479
S&P 500 Index
Put
4,650.00
9
05/30/2025
15,198
7,830
S&P 500 Index
Put
4,000.00
2
09/30/2025
6,283
6,420
S&P 500 Mini Index
Call
570.00
7
09/30/2025
17,015
18,876
S&P 500 Mini Index
Put
489.00
14
05/16/2025
1,342
1,001
S&P 500 Mini Index
Put
400.00
7
09/30/2025
2,196
2,205
Total Options on Equity Indices
     $96,804
     $90,801
The accompanying notes are an integral part of the consolidated financial statements.
110

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Written Options Contracts (continued)
Options on Exchange Traded Funds
Contract
 
Strike Price
Contracts
Expiration
Date
Premium
Value
Invesco QQQ Trust Series 1
Put
425.00
12
05/09/2025
        $816
        $324
iShares Russell 2000 ETF
Put
164.00
16
05/30/2025
790
752
Total Options on Exchange Traded Funds
      $1,606
      $1,076
Options on Exchange Traded Futures Contracts
Contract
 
Strike Price
Contracts
Expiration
Date
Premium
Value
3 Month SOFR
Put
95.75
123
12/12/2025
     $16,733
     $11,531
3 Month SOFR
Put
96.00
123
12/12/2025
42,270
24,600
3 Month SONIA
Put
95.60
483
06/13/2025
34,478
8,064
3 Month SONIA
Put
95.90
206
06/13/2025
16,381
12,038
3 Month SONIA
Put
95.55
79
06/13/2025
5,402
660
3 Month SONIA
Put
95.65
53
06/13/2025
6,742
885
3 Month SONIA
Put
96.10
40
07/11/2025
7,608
4,341
3 Month SONIA
Put
95.70
106
09/12/2025
29,535
4,425
3 Month SONIA
Put
95.50
440
12/12/2025
318,777
22,039
3 Month SONIA
Put
96.00
103
12/12/2025
24,974
23,216
3 Month SONIA
Put
95.70
102
12/12/2025
39,864
9,367
Total Options on Exchange Traded Futures Contracts
    $542,764
    $121,166
Options on Securities
Contract
 
Strike Price
Contracts
Expiration
Date
Premium
Value
10YR U.S. Treasury Notes
Put
107.00
30
06/20/2025
      $9,332
      $2,344
2YR U.S. Treasury Notes
Put
103.00
15
05/23/2025
2,088
234
5YR U.S. Treasury Notes
Call
109.50
12
05/23/2025
4,329
5,250
Amazon.com, Inc.
Put
160.00
17
05/02/2025
775
672
Antero Resources Corp.
Put
25.00
64
01/16/2026
6,741
10,240
Antero Resources Corp.
Put
27.00
21
01/16/2026
3,084
4,515
Arista Networks, Inc.
Call
95.00
19
05/09/2025
1,271
1,330
Contura Energy, Inc.
Put
20.00
33
01/16/2026
2,368
3,135
Expand Energy Corp.
Put
85.00
8
01/16/2026
3,138
3,040
Meta Platforms, Inc.
Call
640.00
3
05/16/2025
1,137
780
NVIDIA Corp.
Call
130.00
14
05/23/2025
367
476
Spotify Technology SA
Put
485.00
3
05/30/2025
1,830
771
U.S. Treasury Long Bonds
Put
105.00
19
05/23/2025
7,692
594
Total Options on Securities
     $44,152
     $33,381
Total Written Options Contracts
    $836,311
    $397,654
The accompanying notes are an integral part of the consolidated financial statements.
111

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
Written Swaptions Contracts
Contract
Currency
Exercise
Rate
Notional
Expiration
Date
Premium
Value
1YR Interest Rate Swap Pay EUR Put
 
EUR
2.27%
9,970,000
04/27/2026
     $13,487
     $11,346
1YR Interest Rate Swap Pay EUR Put
 
EUR
2.27%
9,969,000
04/27/2026
     12,465
     11,327
1YR Interest Rate Swap Pay GBP Put
 
GBP
3.97%
9,958,000
04/28/2026
     28,331
     25,424
2YR Interest Rate Swap Pay USD Put
 
USD
5.00%
1,247,000
04/22/2027
      3,616
      3,616
2YR Interest Rate Swap Pay USD Put
 
USD
5.00%
1,245,000
04/22/2027
      4,420
      3,802
iTraxx Europe Series 43 Version 1 Put
 
EUR
90.00%
9,957,000
06/18/2025
      8,554
      9,567
iTraxx Europe Series 43 Version 1 Put
 
EUR
90.00%
4,980,000
06/18/2025
      4,229
      4,229
 
 
Total Written Swaptions Contracts
     $75,102
     $69,311
**
Variable or Floating Rate Security. Rate represents annualized yield at period end.
+
Zero-coupon bond.  Rate represents annualized yield at period end.
Security sold under forward sale commitments due within 60 days after April 30, 2025. The sale price of the security and the dates of delivery were fixed at the
time the transaction was negotiated.
«
Inflation linked securities issued by foreign entities in which the principal amount is indexed for inflation or deflation periodically.
(a)
Due to deposit rate cuts by central banks, rates may be negative.
ARM
Adjustable Rate Mortgage
AS
Danish Public Limited Liability Company
BBR
Bank Bill Rate
BBSW
Bank Bill Swap Interest Rate
BCY
Barclays Bank PLC
BKBM
Bank Bill Benchmark Rate
BNM
Bank Negara Malaysia
BOA
Bank of America NA
BTP
Italian Government Bond
BUBOR
Budapest Interbank Offered Rate
CBK
Citibank NA
CDI
Overnight Brazilian Interbank Deposit Rate Annualized
CME
Chicago Mercantile Exchange
CORRA
Canadian Overnight Repo Rate Average
CPI U
Consumer Price Index for All Urban Consumers
DBF
Deutsche Bank AG
ETF
Exchange Traded Fund
ETN
Exchange Traded Note
EURIBOR
Euro Interbank Offered Rate
FBIL
Financial Benchmarks India Private Limited
FRA
Forward Rate Agreement
GST
Goldman Sachs International
HUS
HSBC Bank USA NA
HY
High Yield
IBR
Banking Reference Indicator
ICE
Intercontinental Exchange
ING
Ing Bank N.V.
JIBAR
Johannesburg Interbank Agreed Rate
JPM
JPMorgan Chase Bank NA
KLIBOR
Kuala Lumpur Interbank Offered Rate
KSDA
Korea Securities Dealers Association
LCH
London Clearing House
LLC
Limited Liability Company
LME
London Mercantile Exchange
The accompanying notes are an integral part of the consolidated financial statements.
112

Wellington Global Multi-Strategy Fund
Consolidated Schedule of Investments (unaudited) (continued)
April 30, 2025
LP
Limited Partnership
MIBOR
Mumbai Interbank Offered Rate
MSI
Morgan Stanley & Co. International PLC
NIBOR
Norwegian Interbank Offered Rate
OAT
French Treasury Bond
OIS
Overnight Index Swap
PLC
Public Limited Company
PRIBOR
Prague Interbank Offered Rate
RBOB
Reformulated Blendstock for Oxygenate Blending
REG S
Unregistered securities exempt in a sale of non-US securities from the registration and prospectus delivery requirement of the Securities Act of 1933, as
specified in SEC Regulation S.
SA
French Public Limited Company
SAFEX
South African Futures Exchange
SCB
Standard Chartered Bank
SONIA
Sterling Overnight Index Average
SOR
Swap Offer Rate
SpA
Italian Public Limited Company
STIBOR
Stockholm Interbank Offered Rate
TELBOR
Tel Aviv Interbank Offered Rate
TIIE
Interbank Equilibrium Interest Rate
TNA ABIF
Nominal Annual Rate of the Chilean Association of Banks and Financial Institutions
ULSD
Ultra-Low Sulfur Diesel
WIBOR
Warsaw Interbank Offered Rate
WMBA
Wholesale Markets Brokers' Association
WTI
West Texas Intermediate
AUD
Australian Dollar
BRL
Brazilian Real
CAD
Canadian Dollar
CHF
Swiss Franc
CLP
Chilean Peso
CNY
Chinese Yuan Onshore Renminbi
COP
Colombian Peso
CZK
Czech Koruna
DKK
Danish Krone
EUR
Euro
GBP
Great Britain Pound
HKD
Hong Kong Dollar
HUF
Hungarian Forint
ILS
Israeli Shekel
INR
Indian Rupee
JPY
Japanese Yen
KRW
South Korean Won
MXN
Mexican Peso
MYR
Malaysian Ringgit
NOK
Norwegian Krone
NZD
New Zealand Dollar
PLN
Polish Zloty
SEK
Swedish Krona
SGD
Singapore Dollar
USD
United States Dollar
ZAR
South African Rand
The accompanying notes are an integral part of the consolidated financial statements.
113

Wellington Global Multi-Strategy Fund
Consolidated Statement of Assets and Liabilities (unaudited)
April 30, 2025
Assets:
 
Investments, at value (Identified cost $309,942,224)
$309,276,420
Due from broker
294,457
Due from broker - forward commitments collateral
503,000
Due from broker - OTC derivatives and swap collateral
5,309,000
Deposit with broker for securities sold short
3,741,931
Cash
5,733,859
Foreign currency, at value (Cost $391,066)
398,439
Unrealized appreciation on forward currency contracts
4,752,535
Unrealized appreciation on futures contracts
124,771
Receivable for investments sold
23,819,337
Receivable for investments sold on a delayed delivery basis
222,654,940
Swap contracts, at value (Premiums received $46,100)
3,081,331
Income receivable from investments
1,665,032
Deferred offering costs
425,446
Total Assets
581,780,498
Liabilities:
 
Forward sale commitments, at value (Identified proceeds $221,585,267)
222,082,334
Securities sold short, at value (Identified proceeds $13,516,758)
13,733,623
Written options contracts, at value (Identified proceeds $836,311)
397,654
Written swaptions contracts, at value (Identified proceeds $75,102)
69,311
Payable for investments purchased
27,862,432
Payable for investments purchased on a delayed delivery basis
257,932,983
Broker loan payable
140,373
Accrued investment management fee
41,596
Accrued administration fee
19,716
Accrued pass-through expense
335,063
Accrued trustee fee
115,858
Due to Adviser
326,234
Due to broker
590,166
Due to broker - OTC derivatives and swap collateral
327,000
Dividend and interest payable for securities sold short
979,464
Unrealized depreciation on forward currency contracts
4,327,135
Unrealized depreciation on futures contracts
123,449
Swap contracts, at value (Premiums paid $40,833)
2,368,038
Payable for daily variation margin on centrally cleared swap contracts
48,231
Payable for daily variation margin on futures contracts
165,493
Total Liabilities
531,986,153
Net Assets
$49,794,345
The accompanying notes are an integral part of the consolidated financial statements.
114

Wellington Global Multi-Strategy Fund
Consolidated Statement of Assets and Liabilities (unaudited) (continued)
April 30, 2025
Net assets consists of:
 
Paid-in capital
$50,000,000
Total distributable earnings (loss)
(205,655)
Net Assets
$49,794,345
Class of Shares
Shares Outstanding
Net Asset Value per Share
Net Asset Value
Class I Shares
5,000,000.00
$9.96
$49,794,345
The accompanying notes are an integral part of the consolidated financial statements.
115

Wellington Global Multi-Strategy Fund
Consolidated Statement of Operations (unaudited)
Period January 2, 2025 (commencement of operations) through April 30, 2025
Investment Income:
Dividends (net of withholding tax of $1,808)
$12,289
Interest
924,042
Total investment income
936,331
Expenses:
Investment management fee
162,211
Dividend and interest expense on securities sold short
457,132
Stock borrowing fees
19,282
Administration fee
80,662
Organization expense
1,805,654
Trustee fee expense
115,858
Total expenses
2,640,799
Performance fee
0
Reimbursable pass-through expense
335,063
Less: Expenses reimbursed
(1,905,379
)
Total net expenses
1,070,483
Net investment income (loss)
(134,152
)
Net realized gain (loss) and change in unrealized appreciation (depreciation)
Net realized gain (loss) on:
Investments
(197,301,607
)
Purchased options contracts
2,616,129
Purchased swaptions contracts
78,809
Securities sold short
(145,932
)
Foreign currency transactions
2,599,008
Forward currency contracts
(338,463
)
Forward sale commitments
195,091,022
Futures contracts
899,475
Swap contracts
(2,529,535
)
Written options contracts
(656,265
)
Written swaptions contracts
1,222
Net realized gain (loss) (net of broker commissions $49,805)
313,863
Net change in unrealized appreciation (depreciation) on:
Investments
254,890
Purchased options contracts
(853,795
)
Purchased swaptions contracts
(66,899
)
Securities sold short
(216,865
)
Foreign currency translations
159,984
Forward currency contracts
425,400
Forward sale commitments
(497,067
)
Futures contracts
(604,256
)
Swap contracts
568,794
Written options contracts
438,657
Written swaptions contracts
5,791
Net unrealized appreciation (depreciation)
(385,366
)
Net increase (decrease) in net assets resulting from operations
$(205,655
)
The accompanying notes are an integral part of the consolidated financial statements.
116

Wellington Global Multi-Strategy Fund
Consolidated Statement of Changes in Net Assets (unaudited)
Period January 2, 2025 (commencement of operations) through April 30, 2025
Increase (decrease) in net assets resulting from operations:
Net investment income (loss)
$(134,152
)
Net realized gain (loss)
313,863
Net change in unrealized appreciation (depreciation)
(385,366
)
Net increase (decrease) in net assets resulting from operations:
(205,655
)
Increase (decrease) in net assets resulting from capital transactions:
Subscriptions
50,000,000
Net Assets:
Beginning of period
End of period
$49,794,345
Schedule of Capital Share Activity:
Beginning of period
Shares Issued
5,000,000.00
End of period
5,000,000.00
The accompanying notes are an integral part of the consolidated financial statements.
117

Wellington Global Multi-Strategy Fund
Financial Highlights Class I Shares (unaudited)
January 2, 2025 (commencement of operations) through April 30, 2025
 
 
 
Period Ended
4/30/2025(a)
Selected per share data
 
Net asset value, beginning of period
$10.00
Net income (loss) from investment operations
 
Net investment income (loss)
(0.03)(b)
Net realized gain (loss) and change in unrealized appreciation (depreciation)
(0.01)
 
(0.04)
Net asset value, end of period
9.96
Total Return(c)
 
Total return before performance fee
(0.41)%
Performance fee
0.00%
Total return after performance fee
(0.41)%
Ratios to average net assets
 
Short dividends, interest expense, and stock borrowing fees
2.95%
Operating expenses
5.39%
Total expenses
8.34%
Performance fees
0.00%
Reimbursable pass-through expense
0.68%
Expenses reimbursed
(4.87)%
Net expenses
4.15%
Net investment income (loss)
1.65%
Portfolio turnover ratio
1,660%
(a)
For the period January 2, 2025 (commencement of operations) through April 30, 2025. Expenses and net investment income (loss)
ratios have been annualized, except for organizational expenses and Trustee fees. Total return, performance fee, and reimbursable
pass-through expense ratios have not been annualized.
(b)
Net investment income (loss) per share has been calculated based upon an average of daily shares outstanding.
(c)
Total return is based on the change in the net asset value per share during the period, assuming reinvestment of any distributions.
The accompanying notes are an integral part of the consolidated financial statements.
118

Wellington Global Multi-Strategy Fund
Hypothetical Example (unaudited)
April 30, 2025
Fund Expense Example
As a shareholder of a Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments and redemption fees, if applicable, and (2) ongoing costs, including management fees, distribution (12b-1) fees, sub-transfer agent fees, and other Fund expenses. The Example is intended to help you understand the ongoing cost (in dollars) of investing in the Funds and to compare these costs with the ongoing costs of investing in other mutual funds. The Example is based on an investment of $1,000 invested at the beginning of the period in each Class and held for the entire period from January 2, 2025 through April 30, 2025.
Actual Expenses
The “Actual” line of the table provide information about actual account values and actual expenses. You may use the information on this page, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = $8.60), then multiply the result by the “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.
Hypothetical Example for Comparison Purposes
The “Hypothetical” lines of the tables provide information about hypothetical account values and hypothetical expenses based on the Funds’ actual expense ratio and an assumed 5% per year rate of return before expenses (not the Fund’s actual return). You may compare the ongoing costs of investing in the Fund with other funds by contrasting this 5% hypothetical example and the 5% hypothetical examples that appear in the shareholder reports of the other funds. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. 
You should also be aware that the expenses shown in the table highlight only your ongoing costs and do not reflect any transaction costs charged by the Funds, such as sales charges (loads) or redemption fees, as applicable. Similarly, the expense examples for other funds do not reflect any transaction costs charged by those funds, such as sales charges (loads), redemption fees or exchange fees. Therefore, the “Hypothetical” lines of the tables are useful in comparing ongoing costs only and will not help you determine the relative total costs of owning different funds. If you were subject to any transaction costs during the period, your costs would have been higher.
 
Beginning
Account Value
Ending Account
Value
Expenses Paid
During Period*
 
January 2, 2025
April 30, 2025
January 2,
2025–April 30,
2025
Class I Shares**
Actual
1,000.00
995.90
13.50
Hypothetical (5% Return Before Expenses)***
1,000.00
1,004.22
20.62
*
Expenses are equal to the Fund’s annualized expense ratios for the period January 2, 2025(commencement of operations) through April 30, 2025 of 4.15% for Class I
Shares, multiplied by the average account value over the period, multiplied by the number derived by dividing the number of days in the most recent fiscal year semi end
(119) by days in the year (365) to reflect the periods.
**
Class I Shares commenced operations on January 2, 2025. Expenses are equal to the fund's annualized expense ratio for the period, multiplied by the average account
value over the period, multiplied by the number of days since inception (119), then divided by the number of days in the year (365) to reflect the period. The "Ending
Account Value" is derived from the fund's share class actual return since inception. The "Hypothetical (5% Return Before Expenses)" information reflects the 181 day
period for the period ended April 30, 2025 to allow for comparability.
***
5% return before expenses.
119

Wellington Global Multi-Strategy Fund
Notes to Consolidated Financial Statements (unaudited)
April 30, 2025
1. Fund Organization and Investment Objective
The Wellington Global Multi-Strategy Fund (the “Fund”)  is registered under the Investment Company Act of 1940 (“1940 Act”), as amended, as a non-diversified, closed-end management investment company operating as an interval fund under the 1940 Act. The Fund was organized as a Delaware statutory trust on May 29, 2024 and commenced operations on January 2, 2025.
The Fund’s investment objective is to generate consistent and positive returns across market cycles. The Fund seeks to achieve its investment objective by taking varying positions in three principal strategies: equity long/short, macro and fixed income, and credit (each a “Principal Strategy”). Each Principal Strategy is comprised of one or more investment sub-strategies (each, an “Underlying Strategy”) in which one or more investment professionals (“Trading Teams”) contribute to the overall performance of the Fund’s portfolio through the management of the Underlying Strategy. An Underlying Strategy may be comprised of a single or multiple accounts (each an “Allocable Account”) managed by one or more members of the Trading Team. The Fund may seek to gain exposure to commodities primarily through investments in Wellington Cayman Commodity Fund I, a wholly-owned subsidiary of the Fund organized under the laws of the Cayman Islands (the “Subsidiary”). In order to comply with certain issuer diversification limits imposed by the Internal Revenue Code, the Fund may invest up to 25% of its total assets in the Subsidiary.
The Fund currently offers three separate classes of shares of beneficial interests (“Shares”) designated as Class A (“Class A Shares”), Class I (“Class I Shares”) and Class M (“Class M Shares”). Each class of Shares has differing characteristics, particularly in terms of the sales load that each class may be charged. The Fund may offer additional classes of Shares in the future. Shares are being offered daily at the net asset value (“NAV”) per Share on that day, plus any applicable sales load. 
Wellington Management Company LLP (the “Adviser”), an affiliate of the Fund, serves as investment manager to the Fund.  The Adviser is registered as an investment advisor with the U.S. Securities and Exchange Commission (the “SEC”) under the U.S. Investment Advisers Act of 1940. The Adviser is responsible for the Fund’s investment strategy and the day-to-day management of the Fund’s assets.
Pursuant to the Declaration of Trust (“Declaration of Trust”) and bylaws, the Fund's business and affairs are managed under the direction of the Board of Trustees (the “Board”), which has overall responsibility for monitoring and overseeing the Fund’s management and operations, subject to the laws of the State of Delaware.
2. Summary of Significant Accounting Policies
These consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("US GAAP"). The Fund is an investment company that follows the accounting and reporting guidance of Accounting Standards Codification Topic 946 applicable to investment companies.
The following is a summary of significant accounting policies consistently followed by the Fund in the preparation of its consolidated financial statements.
Use of Estimates in the Preparation of Financial Statements
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“US GAAP”) requires the Fund’s Board to make estimates and assumptions that affect the reported amounts of assets and liabilities and the accompanying notes at the date of the financial statements and the reported amounts of income and expenses during the reporting period.  Actual results could differ from those estimates.
Consolidation of Subsidiary
The Fund consolidates its investment in the Subsidiary. Accordingly, the Consolidated Financial Statements include the assets and liabilities, as well as operations and cash flows activities of the Subsidiary. All material intercompany balances and transactions have been eliminated in the consolidation.
Security Valuation
The Board is responsible for the oversight of the valuation of the Fund’s portfolio investments pursuant to the Fund’s valuation procedures (“Valuation Procedures”). The money market mutual funds are accounted for on a trade date basis and valued at such fund’s net asset value. The Fund’s portfolio investments for which market quotations are readily available are valued at market value. Investments for which market quotations are not readily available are valued at fair value as determined in good faith pursuant to Rule 2a-5 under the 1940 Act. As permitted by Rule 2a-5 under the 1940 Act, the Board has designated the Adviser as the Fund’s
120

Wellington Global Multi-Strategy Fund
Notes to Consolidated Financial Statements (unaudited) (continued)
April 30, 2025
Security Valuation (continued)
valuation designee (“Valuation Designee”) to perform fair value determinations relating to all portfolio investments pursuant to the Valuation Procedures. The Valuation Designee may value Fund portfolio securities for which market quotations are not readily available and other Fund assets utilizing inputs from pricing services, quotation reporting systems, valuation agents and other third-party sources. The Fund determines NAV per Share in accordance with the methodology described in the Fund’s Valuation Procedures.
The Fund calculates the NAV of each class of its Shares on a daily basis.
Investment Transactions and Related Investment Income
Investment transactions that are submitted prior to deadlines required to meet end-of-day Fund valuation procedures are generally accounted for on trade date.  Investment trades submitted after those deadlines are accounted for on the next business day.  However, for financial reporting purposes, investment transactions are reported on trade date. Dividend income, net of foreign taxes withheld, if any, is recorded on the ex-dividend date or as soon thereafter as the information becomes available. Interest income, net of foreign taxes withheld, if any, is recorded on the accrual basis and any premium or discount is amortized or accreted using the effective yield method. Principal of inflation index protected securities is increased or decreased by the rate of change in inflation or deflation, and such increases or decreases, if any, are generally recorded as a component of interest income. In determining the net gain or loss on securities sold, cost is determined on the identified cost basis.
Foreign Currency Translation
The accounting records of the Fund are maintained in US dollars.  Assets and liabilities denominated in foreign currencies are translated at the rates of exchange in effect on the date of these financial statements.  Investment transactions and investment income are translated at the rates of exchange in effect at the time of the transaction.  As a result, the net asset value of the Fund may be affected by changes in the value of currencies in relation to the US dollar.  The effects of changes in foreign currency exchange rates, if any, on investments in securities are not segregated from the effects of changes in market prices of those securities, but are included with the net realized and unrealized gains or losses on investments on the Consolidated Statement of Operations.  The Fund utilizes spot foreign currency contracts to repatriate balances denominated in a foreign currency.  The realized and unrealized gains or losses on these contracts, if any, are included in “Net realized gain (loss) on foreign currency transactions” and “Net change in unrealized appreciation (depreciation) on foreign currency translations,” respectively, on the Consolidated Statement of Operations.
Cash and Cash Equivalents
Cash, including cash denominated in foreign currencies, represents demand deposits held at financial institutions. The Fund may also invest its cash balances in money market investments, U.S. government securities, commercial paper, certificates of deposit, repurchase agreements and other high-quality debt instruments maturing in one year or less, among other instruments. In addition, and in response to adverse market, economic or political conditions, the Fund may invest in high-quality fixed income securities, money market instruments and money market funds or may hold significant positions in cash or cash equivalents for defensive purposes. 
Organizational and Offering Costs
Organizational costs include, among other things, the cost of organizing as a Delaware statutory trust, including the cost of legal services and other fees pertaining to the Fund’s organization. These costs are expensed as incurred by the Fund and will be paid by the Adviser on behalf of the Fund.
The Fund’s initial offering costs include, among other things, legal, printing and other expenses pertaining to this offering. Initial offering costs will be amortized over 12 months on a straight-line basis. Ongoing offering costs will be expensed as incurred.
All organizational and offering costs of the Fund paid by the Adviser shall be subject to recoupment by the Adviser in accordance with the Fund's Expense Limitation Agreement discussed in Note 8. The organizational and offering costs paid by the Adviser on behalf of the Fund are recorded as "Due to Adviser" on the Consolidated Statement of Assets and Liabilities.
3. Fair Value Measurement
Investments held by the Fund are stated at fair value. US GAAP defines fair value as the price the Fund would receive to sell an asset or transfer a liability in an orderly transaction between market participants.  It also establishes a fair value hierarchy (levels 1, 2, and 3) for presenting valuations, based on the transparency of inputs into valuation techniques used to measure fair valuation.
121

Wellington Global Multi-Strategy Fund
Notes to Consolidated Financial Statements (unaudited) (continued)
April 30, 2025
3. Fair Value Measurement
 (continued)
Inputs may be observable or unobservable, and refer broadly to the assumptions that a market participant would consider significant to value an asset or liability.  The determination of “observable” requires judgment.  In general, the Board, in consultation with the Adviser, considers observable inputs to be data readily available, regularly updated, reliable, arm’s-length, and verifiable.  Unobservable inputs may be used when observable inputs are not available.  In this situation, the Fund may use one or more valuation techniques (e.g. market or income approach), using the best available information as of the reporting date, along with the Board’s own assumptions of market participant behavior. 
The use of the market approach generally involves using inputs that are based on available market transactions or market observable comparables.  The income approach is generally based on expected cash flows or earnings.  Under both approaches, adjustments may be applied to reflect various risks (e.g. liquidity, financial health of the investment issuer, or quality of the information available for fair value measurement).
Assets and liabilities are classified into one of the following levels, based on the lowest level of input that is significant to the fair value measurement:
• Level 1 – Unadjusted quoted prices in active markets or exchanges for identical investments. 
• Level 2 – Prices based on significant observable inputs other than an unadjusted quoted price; quoted prices in active markets or exchanges for similar investments; quoted prices for identical investments in markets or exchanges that are inactive; and prices based on market-corroborated inputs (such as interest rates, yield curves, volatilities, prepayment rates, credit risks, and default rates).   
• Level 3 – Prices based on significant unobservable inputs such as quotes from broker-dealers which cannot be reasonably verified through an alternative source; investments with significant trading restrictions or where trading has been halted; and securities fair valued by the Board in consultation with the Adviser using a model or inputs for which the Board must exercise judgment.  In these situations, it is possible that a different valuation model or alternative inputs could produce materially different fair value measurements.
Investments held by the Fund for which market quotes are readily available are generally valued based on valuations furnished by third-party pricing services authorized by the Board.  
Equity securities are typically valued based on their last trade or official close price on the market on which the securities primarily trade or, in the absence of a sale, at their last or most recently reported bid price or, if sold short, at the last reported ask price, and are generally categorized as level 1 in the fair value hierarchy.The Fund may use a systematic fair valuation model, provided by an independent third-party pricing service, to adjust the value of securities where such values may be materially impacted by events occurring before the Fund’s pricing, but after the close of the primary market or exchange on which the securities are traded.The value of an equity security under this model is likely to be different from the last quoted market price for the same security.These equity securities are generally categorized as level 2 in the fair value hierarchy.
Fixed income securities, which may include convertible bonds, corporate obligations, foreign government obligations, municipal obligations, and United States government and agency obligations, are primarily valued based on values provided by independent pricing services that determine fair valuations for normal, institutional-sized trading units of such securities using yield data relating to identical investments, or investments with similar characteristics, and other market inputs.  Certain fixed income securities are valued on the basis of quotations from broker-dealers.  Fixed income securities are generally categorized as level 2 in the fair value hierarchy.
Bank loans are valued using factors such as ratings, tranche type, industry, company performance, spread, individual trading characteristics, institutional-sized trading in similar groups of securities, and other market data.  Futures contracts are generally valued at closing settlement prices on the primary exchange on which the contracts are traded.  Forward currency contracts are valued using a straight-line interpolation based on a series of forward rates.  Exchange traded options are valued based on the last trade price on the primary exchange on which they trade.  If an option does not trade, the mid price is utilized to value the option.  Options traded over-the-counter are valued by independent pricing services based on pricing models that incorporate various inputs including interest rates, credit spreads and currency exchange rates.  Credit default swap contracts are valued based on inputs provided by the counterparty, independent pricing sources, or proprietary models that incorporate credit spreads, cash flows, discount rates, and other inputs.  Cross currency swap contracts and interest rate swap contracts are valued based upon contractual terms and current interest
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Notes to Consolidated Financial Statements (unaudited) (continued)
April 30, 2025
3. Fair Value Measurement
 (continued)
rates.  Total return swap contracts are valued by calculating the value of the assets and liabilities underlying the swap agreement, net of related financing.  Swaptions contracts are valued as the net amount due to or from the Fund in accordance with the terms of the contract based on the closing level of the relevant market rate of interest.  Regulated investment companies are valued at the daily net asset value per share.  Closed-end funds are valued at the daily net asset value per share, as adjusted for any premiums or discounts, as applicable. ETFs are valued based on their closing sales price on the market on which they primarily trade.   Bank loans, closed-end funds (other than those that are exchange traded), forward currency contracts, options traded over-the-counter, swap contracts, swaptions contracts, securities fair valued by the Board in consultation with the Adviser using observable inputs, and securities priced by dealers where quotations can be reasonably verified through an alternative source are generally categorized as level 2 in the fair value hierarchy. Futures contracts, exchange traded options, regulated investment companies, exchange traded closed-end funds, and ETFs are generally categorized as level 1 in the fair value hierarchy.  The prices of foreign investments not denominated in US dollars, if any, are translated into US dollars based on exchange rates provided by an independent pricing service.  
In the absence of readily ascertainable market quotes, the value of investments is determined in good faith (“fair valued”) by the Board in consultation with the Adviser and in accordance with the provisions of the Plan and Declaration of Trust.  The values assigned to these investments are based upon available information including, but not limited to, original and subsequent transaction prices and third-party transactions, and may also be adjusted to reflect liquidity and/or transferability restrictions.  These inputs may be observable or unobservable and the resulting values may not necessarily represent the amounts which may ultimately be realized upon sale.  Due to the inherent uncertainty of the valuations, the estimated fair values may differ from the values of the investments had an active market existed, and the differences could be material.  Such valuations are categorized as level 2 or level 3 in the fair value hierarchy depending on the significance of the unobservable inputs used.
The following table summarizes the valuations of the Fund’s investments as of April 30, 2025, based on their placement within the fair value hierarchy:
Assets
Quoted Prices
(Level 1)
Significant
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Total
Bank Loans
$
$1,805,071
$
$1,805,071
Convertible Bonds
336,230
336,230
Corporate Obligations
41,049,044
41,049,044
Foreign Government Obligations
222,139,135
222,139,135
United States Government and Agency Obligations
8,361,671
8,361,671
Common Stock
821,939
185,088
1,007,027
Short-Term Investments
31,159,250
31,159,250
Purchased Options Contracts
673,996
284,701
958,697
Purchased Swaptions Contracts
2,460,295
2,460,295
Forward Currency Contracts
4,752,535
4,752,535
Futures Contracts*
360,950
360,950
Bi-Lateral Credit Default Swaps
35,817
35,817
Centrally Cleared Credit Default Swaps*
250,584
250,584
Bi-Lateral Cross Currency Swaps
3,139
3,139
Bi-Lateral Interest Rate Swaps
5,878
5,878
Centrally Cleared Interest Rate Swaps*
1,194,399
1,194,399
Total Return Swaps
3,033,856
3,033,856
Other Total Return Swap Contracts
2,641
2,641
Total
$1,856,885
$317,059,334
$
$318,916,219
123

Wellington Global Multi-Strategy Fund
Notes to Consolidated Financial Statements (unaudited) (continued)
April 30, 2025
3. Fair Value Measurement
 (continued)
Liabilities
Quoted Prices
(Level 1)
Significant
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Total
Securities Sold Short
Corporate Obligations 
$
$9,087,916
$
$9,087,916
Foreign Government Obligations 
4,544,949
4,544,949
Common Stock 
76,022
76,022
Closed End Funds 
24,736
24,736
Forward Currency Contracts 
4,327,135
4,327,135
Forward Sale Commitments
222,082,334
222,082,334
Futures Contracts* 
965,206
965,206
Bi-Lateral Credit Default Swaps 
40,074
40,074
Centrally Cleared Credit Default Swaps* 
305,240
305,240
Bi-Lateral Cross Currency Swaps 
1,110
1,110
Bi-Lateral Interest Rate Swaps 
6,549
6,549
Centrally Cleared Interest Rate Swaps* 
1,599,619
1,599,619
Total Return Swaps 
2,201,879
2,201,879
Other Total Return Swap Contracts 
118,426
118,426
Written Options Contracts
246,424
151,230
397,654
Written Swaptions Contracts 
69,311
69,311
Total
$1,287,652
$244,560,508
$
$245,848,160
*
Amounts, or a portion thereof, reflect cumulative appreciation/depreciation of futures and centrally cleared swaps, as applicable, as disclosed on the Consolidated Schedule of
Investments.The period end variation margin is separately disclosed on the Consolidated Statement of Assets and Liabilities.
Additional information regarding categorization of investments can be found on the Consolidated Schedule of Investments.
There were no material transfers into or out of level 3 during the period ended April 30, 2025.
4. Securities and Other Investments
Access Products
The Fund may acquire access products, generally in the form of fully funded total return swaps or low exercise option contracts, in order to gain access to certain markets where direct investment may not be possible or risks may be associated with the market. Access products are synthetic instruments issued by a financial institution or special purpose entity. The performance of an access product depends on the performance of a corresponding foreign security or index. Upon entering into an access product, the Fund will generally pay the full notional value of the underlying security or index to the issuer of the access product. Upon redemption or maturity, the principal amount or redemption amount is payable based on the price level of the linked security or index at the time of redemption or maturity. Details of access products held at period end, if any, are included on the Consolidated Schedule of Investments and included in “Investments, at value” on the Consolidated Statement of Assets and Liabilities.
Bank Loans
A bank loan is an interest in a loan to a borrower, not provided through public markets, acquired by the Fund from a bank or other lending institution. The Fund may be contractually obligated to receive approval from an agent bank and/or borrower prior to the sale of these investments. Bank loans in which the Fund invests generally pay interest at rates which areperiodically re-determined by reference to a base lending rate plus a premium.These base lending rates are generally (i) the lending rate offered by one or more major European banks (ii) the prime rate offered by one or more major United States banks or (iii) the certificate of deposit rate.
124

Wellington Global Multi-Strategy Fund
Notes to Consolidated Financial Statements (unaudited) (continued)
April 30, 2025
Bank Loans (continued)
Bank loans may be subject to mandatory prepayment. Due to these mandatory prepayment conditions or because there may be significant economic incentives for a borrower to prepay, prepayments of bank loans may occur. As a result, the actual remaining maturity of bank loans may be substantially less than the stated maturities shown. Details of bank loans held at period end, if any, are included on the Consolidated Schedule of Investments under the caption "Bank Loans" and included in "Investments, at value" on the Consolidated Statement of Assets and Liabilities.
Closed-End Funds
Closed-end funds are investment companies that raise a fixed amount of money and invest that capital in financial assets such as stocks and bonds. Closed-end funds are closed to new capital and no new shares will be issued by the company; however, existing shares may be bought or sold on an exchange or secondary market. The prices of closed-end funds fluctuate with market conditions and may be traded at a discount or premium from their NAV. Details of closed-end funds held at period end, if any, are included on the Consolidated Schedule of Investments under the caption “Closed-End Funds” and included in “Investments, at value” on the Consolidated Statement of Assets and Liabilities.
Delayed Delivery Transactions
Delayed delivery transactions involve a commitment by the Fund to purchase or sell securities for a predetermined price or yield, with payment and delivery taking place beyond the customary settlement period.  When a fund purchases a security on a delayed delivery basis, the Fund assumes ownership rights and includes any fluctuations in the value of the security, if any, in “Net change in unrealized appreciation (depreciation) on investments” on the Consolidated Statement of Operations.  Open delayed delivery transactions, if any, are included as “Receivable for investments sold on a delayed-delivery basis” or “Payable for investments purchased on a delayed-delivery basis” on the Consolidated Statement of Assets and Liabilities.
The Fund may dispose of or renegotiate a delayed delivery transaction after it is entered into, and may sell delayed delivery securities before they are delivered, which may result in a capital gain or loss.  When the Fund sells a security on a delayed delivery basis, it does not participate in future gains and losses with respect to the security.  Realized gains or losses on delayed delivery transactions, if any, are included in “Net realized gain (loss) on investments” on the Consolidated Statement of Operations.  
Exchange Traded Funds
The Fund may invest in exchange traded funds. An ETF is a type of fund bought and sold on a securities exchange, which trades like common stock, and may be passively or actively managed. The Fundmay purchase or sell short an ETF to gain exposure to a portion of the U.S. market, a foreign market, particular industries, or commodities. The value of an ETF fluctuates in relation to changes in the value of the underlying portfolio of investments or commodities, as well as market supply and demand, which may result in a premium or discount between the NAV and the market price of an ETF.  A premium is the amount that an ETF is trading above the reported NAV while a discount is the amount that an ETF is trading below the NAV.When held, ETFs are reflected on the Consolidated Schedule of Investments under the caption "Exchange Traded Funds" and included in "Investments, at value" on the Consolidated Statement of Assets and Liabilities.
Fixed Income Buy-Sellback and Sell-Buyback Agreements
A buy-sellback agreement is a type of forward commitment in which the Fund acquires ownership of a security and subsequently enters into a sale of the security at a future date and a set price. The purchase price may include purchased interest. Upon entering into a buy-sellback agreement, a receivable is recorded in "Receivable for investments sold on a delayed-delivery basis" on the Consolidated Statement of Assets and Liabilities in the amount due and a liability is established for the security due, as "Forward sale commitments, at value" on the Consolidated Statement of Assets and Liabilities for any outstanding agreements. The liability is marked to market while the buy-sellback agreement remains outstanding to reflect the current settlement obligation in "Net change in unrealized appreciation (depreciation) on investments" on the Consolidated Statement of Operations. Subsequent to entering the agreement, the Fund may sell the security it is obligated to return under the buy-sellback agreement, thereby creating short exposure for the Fund. Upon selling the security, a gain or loss is realized based on the difference between the cost paid and the proceeds received in the sale. Realized gains or losses on fixed income buy-sellback agreements, if any, are recorded in "Net realized gain (loss) on investments" on the Consolidated Statement of Operations. The proceeds received from the sale of the security are available for use by the Fund.  The Fund must then purchasethe security and return it to the broker-dealer at the agreed upon date or enter into an offsetting closing transaction.
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April 30, 2025
Fixed Income Buy-Sellback and Sell-Buyback Agreements (continued)
A sell-buyback agreement is a type of forward commitment in which a broker-dealer acquires ownership of a security from the Fund and the Fund agrees to repurchase the obligation at a future date and a set price.The purchase price may include purchased interest.Upon entering into a sell-buyback agreement, the Fund records a realized gain or loss on the difference between the proceeds received from the sale and cost of the security sold in "Net realized gain (loss) on investments" on the Consolidated Statement of Operations. The Fund recognizes the amount to be paid in the agreement as the cost of the security and recordsthis security in "Investments, at value" on the Consolidated Statement of Assets and Liabilities and an offsetting payable is recorded in "Payable for investments purchased on a delayed-delivery basis" on the Consolidated Statement of Assets and Liabilities in the amount due by the Fund. The security is marked to market while the sell-buyback agreement remains outstanding to reflect the current fair value and settlement obligation. At the end of the agreement, the Fund must repurchase the security or enter into an offsetting closing transaction.
Inflation-Protected Securities
An inflation-protected security is a fixed income investment whose principal amount is periodically adjusted by the rate of inflation or deflation. Due to the inflation or deflation linked adjustment feature, the interest rate on these securities is generally fixed at issuance at a rate lower than typical bonds or notes. Over the life of an inflation-protected security, however, interest will be paid based on a principal amount which is adjusted for inflation and/or deflation. Increases or decreases in the principal amount of an inflation-protected security, if any, are included in "Investment Income" on the Consolidated Statement of Operations, even though investors do not receive principal until maturity. 
Repayment of the original principal upon maturity (as adjusted for inflation) is guaranteed in the case of US Treasury inflation-protected securities. Inflation-protected securities may be issued by or related to sovereign governments, companies, or other entities not affiliated with governments. When held, inflation-protected securities are included in “Investments, at value” on the Consolidated Statement of Assets and Liabilities.
Securities Sold Short
A short sale is a transaction in which the Fund sells a security it does not own.  When the Fund sells a security short, it must borrow the security sold short and deliver it to the broker-dealer through which it made the short-sale. Short sales, if any, are recorded as liabilities and included on the Consolidated Statement of Assets and Liabilities as “Securities sold short, at value.”  The Fund records an unrealized gain or loss to the extent of the difference between the proceeds initially received and the current value of the outstanding short position, if any, as “Net change in unrealized appreciation (depreciation) on securities sold short” on the Consolidated Statement of Operations.  The Fund records a realized gain or loss when the short position is closed out, if any, as “Net realized gain (loss) on securities sold short” on the Consolidated Statement of Operations.  The Fund is a party to agreements with certain counterparties that may contain provisions regarding, among other things, the parties’ general obligations, representations, agreements, collateral requirements, events of default and early termination.  Collateral can be in the form of cash, which is held in an interest bearing account, or securities as agreed to by the Fund and the counterparty. Collateral requirements are determined based on the Fund’s daily net market position with each counterparty, and may be paid or received by the Fund. At April 30, 2025, the Fund had $3,741,931 of cash pledged as collateral with its prime brokers for short sale transactions, which is recorded as "Deposit with broker for securities sold short" on the Consolidated Statement of Assets and Liabilities. Details of securities sold short at period end, if any, are included on the Consolidated Schedule of Investments under the caption “Securities Sold Short.”  Non-cash collateral pledged by the Fund is identified on the Consolidated Schedule of Investments.
5. Derivative Instruments
The Fund may transact in a variety of derivative instruments, such as options, futures, forward currency contracts, swaps, and swaptions. These derivative instruments may be utilized for a variety of reasons, including to enhance returns, to hedge certain investment risks, to provide a substitute for purchasing or selling particular securities or other assets or to protect its exposure to certain risks such as commodity, credit, equity, foreign currency, and interest rate risks, as applicable. The value of a derivative instrument depends, at least in part, on the performance of an underlying asset, index, interest rate, or instrument. The Fund transacts with a counterparty when it enters into over-the-counter derivative contracts. The Fund is also exposed to losses if a counterparty fails to perform under the contract (i.e. counterparty risk).  The location and fair value amounts of specific derivative instruments are described in more detail below.
126

Wellington Global Multi-Strategy Fund
Notes to Consolidated Financial Statements (unaudited) (continued)
April 30, 2025
ISDA Master Agreements
The Fund is a party to International Swaps and Derivatives Association, Inc. Master Agreements ("ISDA Master Agreements").  The Fund enters into ISDA Master Agreements to partially mitigate counterparty risk between the Fund and certain counterparties that govern transactions in over-the-counter derivatives, which includes forward currency contracts and certain options, swap contracts, and swaptions contracts, as applicable.
Certain ISDA Master Agreements may contain credit-risk contingent features that allow the counterparty to terminate executed trades and/or request additional collateral if the NAV of the Fund declines beyond certain thresholds ("NAV triggers"). As of April 30, 2025, the Fund had not exceeded the provisions of any NAV triggers, nor during the periodhad any counterparties elected to require additional collateral amounts or require settlement or termination of derivative contracts.
Collateral
From time to time, the Fund receives collateral from and delivers collateral to other parties (e.g., counterparties to over-the-counter transactions) under the terms of its agreements with such parties (e.g., ISDA Master Agreements and other trading agreements), by posting initial margin and on a daily mark-to-market basis. The Fund may also deposit or receive securities as collateral with a broker. There generally are no restrictions on the use of such collateral by such other parties and brokers except in certain circumstances where there are regulatory or contractual restrictions on the right of reuse of collateral.
The Fund records cash paid to brokers for collateral on certain positions as  “Due from broker” on the Consolidated Statement of  Assets and Liabilities. The Fund records cash collateral received from brokers for certain positions as an asset and equivalent liability in "Due to broker" on the Consolidated Statement of Assets and Liabilities. The Fund received non-cash collateral for certain derivative positions consisting of US Treasury Notes, US Treasury Inflation Protected Bonds, and US Treasury Bills with a fair value of $838,591, as of April 30, 2025. Non-cash collateral pledged by the Fund is identified on the Consolidated Schedule of Investments.
Forward Currency Contracts
A forward currency contract is an agreement between two parties to buy or sell currency at a set price on a future date.  The Fund may use forward currency contracts to facilitate transactions in foreign securities, to hedge the US dollar value of portfolio securities denominated in a particular currency, or as part of an investment strategy.  Unrealized gains or losses on forward currency contracts, if any, are reflected as “Unrealized appreciation on forward currency contracts” and/or “Unrealized depreciation on forward currency contracts” on the Consolidated Statement of Assets and Liabilities and included in “Net change in unrealized appreciation (depreciation) on forward currency contracts” on the Consolidated Statement of Operations. The Fund records realized gains or losses at the time the forward currency contract is closed by entering into a closing transaction or by delivery of the currency and those amounts, if any, are reflected in "Net realized gain (loss) on forward currency contracts" on the Consolidated Statement of
Operations. During the period, forward currency contracts were used to manage foreign currency risk. Details of forward currency contracts held at periodend, if any, are included on the Consolidated Schedule of Investments under the caption "Forward Currency Contracts."The monthly average volume of forward currency contracts during the periodwas $382,656,223 base notional value.
Futures Contracts
A futures contract is an agreement to buy or sell a commodity or financial instrument at a set price on a future date. Futures contracts may be used to manage the risks of fluctuations in interest rates, currency exchange rates, and other market conditions, or as part of an investment strategy.
Upon entering into a futures contract, the Fund is required to pledge to the broker collateral in the form of cash and/or securities equal to the minimum initial margin requirements of the clearinghouse.  Pursuant to the contract, the Fund agrees to receive from or pay to the broker an amount of cash equal to the daily fluctuation in the value of the contract. Such a receipt or payment, known as "variation margin,"is recorded by the Fund as part of unrealized gains or losses, and is reflected as "Receivable for daily variation margin on futures contracts" or "Payable for daily variation margin on futures contracts" on the Consolidated Statement of Assets and Liabilities.
Certain futures contracts do not involve the daily settlement of variation margin. Instead, the Fund agrees to settle the contracts at fair value upon expiration with no receipt or payment of variation margin during the contract term. The fair value of such contracts held at period end, if any, is reflected as "Unrealized appreciation on futures contracts" or "Unrealized depreciation on futures contracts" on the Consolidated Statement of Assets and Liabilities.
127

Wellington Global Multi-Strategy Fund
Notes to Consolidated Financial Statements (unaudited) (continued)
April 30, 2025
Futures Contracts (continued)
When the contract is closed, the Fund records realized gains or losses, if any, equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed and these amounts are reflected as "Net realized gain (loss) on futures contracts" on the Consolidated Statement of Operations. During the period, futures contracts were used to manage commodity, equity, foreign currency, and interest rate risks. Details of futures contracts held at  period end, if any, are included on the Consolidated Schedule of Investments under the caption "Futures Contracts." The monthly average volume of futures contracts during the period was $162,529,392 base notional value.
Options Contracts
The Fund may purchase and sell (write) call and put options, which may be traded on an exchange or over-the-counter. The purchase or sale of an option involves the payment or receipt of a premium by the Fund and the corresponding right or obligation, as the case may be, to either purchase or sell an underlying security, basket of securities, commodity or other instrument ("underlying investment") for a specific price at a certain date or during a certain period. A call option gives the purchaser the option to buy (and the seller the obligation to sell) an underlying investment at the contracted exercise price. A put option gives the purchaser the option to sell (and the writer the obligation to buy) an underlying investment at the contracted exercise price. The Fund may use options for the purpose of managing the impacts of changes in the market value of an underlying investment or as part of its overall investment strategy. During the period, options contracts were used to manage commodity, equity, foreign currency, and interest rate risks. 
When the Fund purchases an option, the premium paid, if any, is reflected as ‘cost’ on the Consolidated Schedule of Investments and the option is subsequently marked to market to reflect its current value. When a purchased call or put option is exercised, the cost of the underlying investment purchased, or proceeds from the underlying investment sold, is adjusted by the amount of premium paid. When a purchased call or put option expires, the Fund realizes a loss to the extent of the premium originally paid. If the Fund enters into a closing sale transaction, the Fund realizes a gain or loss, depending on whether the proceeds from the closing sale transaction are greater than or less than the premium of the option. Realized gains and losses, if any, on purchased options are recorded as "Net realized gain (loss) on purchased options contracts" and unrealized gains and losses, if any, are recorded as "Net change in unrealized appreciation (depreciation) on purchased options contracts" on the Consolidated Statement of Operations. Details of purchased options contracts held at periodend, if any, are included on the Consolidated Schedule of Investments under the caption “Purchased Options Contracts.”The monthlyaverage volume of purchased options contracts during the periodwas $1,244,087 market value.
When the Fund writes an option, an amount equal to the premium received is reflected as a liability on the Consolidated Statement of Assets and Liabilities. The liability is subsequently marked to market to reflect the current value of the option and this amount, if any, is reflected as "Written options contracts, at value" on the Consolidated Statement of Assets and Liabilities. When a written call or put option is exercised, the proceeds of sale or amount paid on purchase of an underlying investment is adjusted by the amount of premium received. When a written option expires, the Fund realizes a gain to the extent of the premium originally received. If the Fund enters into a closing purchase transaction, the Fund realizes a gain or loss depending on whether the cost of the closing purchase is less than or greater than the premium received when the option was written. Realized gains and losses, if any, on written options are recorded as "Net realized gain (loss) on written options contracts" and unrealized gains and losses, if any, are recorded as "Net change in unrealized appreciation (depreciation) on written options contracts" on the Consolidated Statement of Operations. Details of written options contracts held at period end, if any, are included on the Consolidated Schedule of Investments under the caption "Written Options Contracts."The monthlyaverage volume of written options contracts during the period was $1,131,612 market value.
Swap Contracts
The Fund may use swap contracts as part of its investment strategy or to manage its exposure to interest, commodity, and currency rates as well as adverse movements in the debt and equity markets. Swap agreements are privately negotiated in the over-the-counter market or may be executed in a multilateral or other trade facility platform, such as a registered exchange ("centrally cleared swaps").
Credit default swaps are agreements between the Fund and a counterparty that enablesthe Fund to buy or sell protection against a credit event related to a particular issuer, basket of issuers, or index. A credit default swap involves the payment of a fixed rate premium by the buyer of protection, which is typically applied to a specified notional amount, in exchange for a contingent payment by the seller of protection equal to the loss in value of an underlying reference obligation triggered by the occurrence of a defined credit event (such as bankruptcy, restructuring, failure to make payments when due, or repudiation/moratorium for sovereign underlying instruments).
The Fund enters into a credit default swap as the buyer or seller of protection. If the Fund is a buyer of protection and no credit event occurs, the Fund willrecover nothing and continueto pay the periodic payment until the swap matures. The seller of protection will
128

Wellington Global Multi-Strategy Fund
Notes to Consolidated Financial Statements (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
notmakea contingent payment. However, if a credit event occurs, the buyer typically receives full notional value for a reference obligation that may have little or no value. As a seller of credit protection, the Fund, in return for receiving the periodic payment, acts as a "guarantor" by agreeing to make a contingent payment (typically, equal to the transaction notional amount minus the distressed value, if any, of the underlying reference obligation) if a credit event occursduring the term of the swap. The actual contingent payment may beoffset and partially reduced by the netting and collateral terms of the ISDA Master Agreement, if any. Periodic payments received or made by the Fund, if any, arerecorded in "Net realized gain (loss) on swap contracts" on the Consolidated Statement of Operations as realized gains or losses, respectively.During the period, credit default swaps were used to manage credit risk. The monthly average volume of credit default swap contracts during the period was $19,501,750 base notional.
If credit events occur, contingent payments made by the seller of protection may exceed the unrealized appreciation or depreciation of the credit default swaps, depending on changes in their fair value, and are reported on the Consolidated Statement of Assets and Liabilities.
Maximum Potential Amount of Future Payments
Investment Grade Swaps
$3,035,000
Index Swaps
8,758,588
Total
$11,793,588
Cross currency swaps are agreements between two entities to exchange specified types and amounts of currencies. Along with the initial exchange of a specific amount of one currency for a specific amount of a different currency, a currency swap normally also includes a series of recurring payments based on the cash flow performance of the two currencies. At the time that the two currencies are swapped, the parties agree to make the recurring interest rate payments for a specific period of time. Once the duration outlined in the agreement is complete, the two currencies are returned to the original owners. However, each party retains all returns that were shared in the form of interest payments. Periodic payments received or made by the Fund, if any, are recorded in "Net realized gain (loss) on swap contracts" on the Consolidated Statement of Operations as realized gains or losses, respectively. During the period, cross currency swaps were used to manage foreign currency risk. The monthly average volume of foreign currency swap contracts during the period was $4,893,403 base notional.
Interest rate swaps are agreements to exchange cash flows periodically based upon or calculated by changes in interest rates on a specified notional amount; for example, the exchange of fixed rate interest payments for floating rate interest payments. Periodic payments received or made by the Fund, if any, are recorded in “Net realized gain (loss) on swap contracts” on the Consolidated Statement of Operations as realized gains or losses, respectively. During the period, interest rate swaps were used to manage interest rate risk. The monthly average volume of interest rate swap contracts during the period was $1,013,541,460 base notional.
Total return swaps are agreements to exchange the return generated by one instrument for the return generated by another instrument; for example, the agreement to pay interest in exchange for a market or commodity-linked return based on a specified notional amount. To the extent the total return of the market or commodity-linked index exceeds the offsetting interest obligation, the Fund will receive a payment from the counterparty. To the extent itis less, the Fund will makea payment to the counterparty. Periodic payments received or made by the Fund, if any, are recorded in “Net realized gain (loss) on swap contracts” on the Consolidated Statement of Operations as realized gains or losses, respectively. During the period, total return swaps were used to manage equity risk. The monthly average volume of total return swap contracts during the period was $96,138,450 base notional.
Upon entering into a centrally cleared swap contract, the Fund is required to pledge to the broker collateral in the form of cash and/or securities equal to the minimum initial margin requirements of the clearinghouse. Pursuant to the contract, the Fund agrees to receive from or pay to the broker an amount of cash equal to the daily fluctuation in the value of the contract. Such a receipt or payment, known as “variation margin,” is recorded by the Fund as part of unrealized gains or losses, and is reflected as “Receivable for daily variation margin on centrally cleared swap contracts” or “Payable for daily variation margin on centrally cleared swap contracts” on the Consolidated Statement of Assets and Liabilities.
Bi-lateral swaps are recorded at their market value and these amounts, if any, are reflected as “Swap contracts, at value” on the Consolidated Statement of Assets and Liabilities. Gains or losses, if any,  realized upon early termination of swap agreements are reflected in “Net realized gain (loss) on swap contracts” on the Consolidated Statement of Operations.  The change in value of swaps
129

Wellington Global Multi-Strategy Fund
Notes to Consolidated Financial Statements (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
outstanding at periodend, if any, is reflected on the Consolidated Statement of Operations as “Net change in unrealized appreciation (depreciation) on swap contracts.” Details of swap contracts held at period end, if any, are included on the Consolidated Schedule of Investments under the caption “Swap Contracts.”
Swaptions Contracts
Swaptions contracts entered into by the Fund typically represent an option that gives the purchaser the right, but not the obligation, to enter into swap contracts on a future date. The Fund may enter into swaptions contracts to manage exposure to fluctuations in interest rates, hedge the fair value of other investments, or as part of its investment strategy. If a call swaption contract is exercised, the purchaser will enter into a swap contract to receive the fixed rate and pay a floating rate in exchange. Exercising a put swaption contract would entitle the purchaser to pay a fixed rate and receive a floating rate. During the period, swaptions contracts were used to manage credit and interest rate risk.
Changes in the value of purchased swaptions contracts, if any, are reported as“Net change in unrealized appreciation (depreciation) on purchased swaptions contracts” on the Consolidated Statement of Operations. Gain or loss, if any, is recognized when a swaptions contract expires or is closed and is shown as “Net realized gain (loss) on purchased swaptions contracts” on the Consolidated Statement of Operations. Details of purchased swaptions contracts held at periodend, if any, are included on the Consolidated Schedule of Investments under the caption “Purchased Swaptions Contracts.”. Unpaid premiums of $2,466,133 are included on the Statement of Assets, Liabilities and Partners' Capital as delayed-delivery transactions.The monthly average volume of purchased swaptions contracts during the periodwas $228,858 market value.
When the Fund writes a swaption contract, an amount equal to the premium received is reflected as a liability on the Consolidated Statement of Assets and Liabilities. The liability is subsequently marked to market to reflect the current value of the swaption contract and this amount, if any, is reflected as “Written swaptions contracts, at value” on the Consolidated Statement of Assets and Liabilities. When a written call or put swaption is exercised, the proceeds of sale or amount paid on entering into a swap contract are adjusted by the amount of premium received. When a written swaption contract expires, the Fund realizes a gain to the extent of the premium originally received. Realized gains and losses on written swaptions contracts, if any, are recorded as “Net realized gain (loss) on written swaptions contracts” and unrealized gains and losses, if any, are recorded as “Net change in unrealized appreciation (depreciation) on written swaptions contracts” on the Consolidated Statement of Operations. Details of written swaptions contracts held at period end, if any, are included on the Consolidated Schedule of Investments under the caption “Written Swaptions Contracts.” Premiums receivable of $62,319 are included on the Statement of Assets, Liabilities and Partners' Capital as delayed-delivery transactions.The monthly average volume of written swaptions contracts during the periodwas $5,150 market value.
Fair Value of Additional Derivative Instrument Information 
US GAAP requires disclosure about the Fund’s derivatives and greater transparency of how and why an entity uses derivative instruments, how derivative instruments are accounted for and how they affect an entity’s financial position and  results of operations. US GAAP also requires qualitative disclosures about an entity’s associated risk exposure, quantitative disclosures about fair value amounts and the gains and losses related to derivative instruments, and disclosure of any credit–risk contingent features in derivative agreements. The primary risk exposure categories and related gains or losses, if any, have been summarized below.
The following table presents the gross value of the Fund’s derivative contracts by primary risk exposure category as of April 30, 2025. The values in the table exclude the effects of cash and/or securities received or posted as collateral, also referenced above, and therefore are not representative of the Fund’s net exposure. The fair value of these derivative instruments is reflected in "Investments, at value", "Unrealized appreciation or depreciation", or  "Receivable or payable for daily variation margin" on the Consolidated Statement of Assets and Liabilities.
 
Commodity*
Credit*
Equity*
Foreign Currency
Interest Risk*
Gross Assets
Purchased Options Contracts
$2,592
$
$485,400
$262,904
$207,801
Purchased Swaptions Contracts
41,247
2,419,048
Forward Currency Contracts
4,752,535
Futures Contracts
257,906
103,044
130

Wellington Global Multi-Strategy Fund
Notes to Consolidated Financial Statements (unaudited) (continued)
April 30, 2025
Fair Value of Additional Derivative Instrument Information  (continued)
 
Commodity*
Credit*
Equity*
Foreign Currency
Interest Risk*
Gross Assets 
Swap Contracts
$
$286,401
$3,036,497
$3,139
$1,200,277
Total
$260,498
$327,648
$3,521,897
$5,018,578
$3,930,170
Gross Liabilities
Forward Currency Contracts
$
$
$
$4,327,135
$
Futures Contracts
366,707
55,593
542,906
Swap Contracts
345,314
2,320,305
1,110
1,606,168
Written Options Contracts
116,836
151,230
129,588
Written Swaptions Contracts
13,796
55,515
Total
$366,707
$359,110
$2,492,734
$4,479,475
$2,334,177
*
Amounts, or a portion thereof, reflect cumulative appreciation/depreciation of futures and centrally cleared swaps, as applicable, as disclosed on the Consolidated Schedule of
Investments.The periodend variation margin is separately disclosed on the Consolidated Statement of Assets and Liabilities.
The following table presents the Fund’s gain (loss) related to derivative activities for the period ended April 30, 2025, by their primary underlying risk exposure. The realized and unrealized gain (loss), if any, should be considered in the context that derivative contracts may have been executed to hedge investments and accordingly, gain (loss) on derivative contracts may offset gain (loss) attributable to investments which is not reflected in the values in the table. These gains or losses are reflected in “Net realized gain (loss)” and “Net change in unrealized appreciation (depreciation)”, if any, on the Consolidated Statement of Operations.
 
Commodity
Credit
Equity
Foreign Currency
Interest Rate
Realized Gain (Loss)
 
 
 
 
 
Purchased Options Contracts
$
$
$2,825,973
$(214,314)
$4,470
Purchased Swaptions Contracts
78,809
Forward Currency Contracts
(338,463)
Futures Contracts
(187,543)
217,057
(3,493)
873,454
Swap Contracts
24,010
(1,329,703)
(1,223,842)
Written Options Contracts
(789,693)
120,538
12,890
Written Swaptions Contracts
1,222
Total
$(187,543)
$24,010
$923,634
$(435,732)
$(252,997)
Change in Unrealized Appreciation (Depreciation)
 
 
 
 
 
Purchased Options Contracts
$(1,300)
$
$(269,137)
$(27,031)
$(556,327)
Purchased Swaptions Contracts
(19,814)
(47,085)
Forward Currency Contracts
425,400
Futures Contracts
(108,801)
(55,593)
(439,862)
Swap Contracts
(2,897)
716,192
2,029
(146,530)
Written Options Contracts
2,285
(245)
436,617
131

Wellington Global Multi-Strategy Fund
Notes to Consolidated Financial Statements (unaudited) (continued)
April 30, 2025
Fair Value of Additional Derivative Instrument Information  (continued)
 
Commodity
Credit
Equity
Foreign Currency
Interest Rate
Change in Unrealized Appreciation (Depreciation)
 
 
 
 
 
Written Swaptions Contracts
$
$(1,013)
$
$
$6,804
Total
$(110,101)
$(23,724)
$393,747
$400,153
$(746,383)
Offsetting of Financial and Derivative Assets and Liabilities
The Fund is a party to ISDA Master Agreements and Credit Support Annexes, Master Securities Forward Transaction Agreements, Global Master Repurchase Agreements or other similar types of agreements (collectively, “Master Agreements”). These Master Agreements generally govern the terms of certain transactions and mitigate the counterparty risk associated with relevant transactions by specifying credit protection mechanisms and providing standardization to improve legal certainty.
The Master Agreements may include collateral posting terms and netting provisions that apply in the event of a default and/or termination event. The Master Agreements define whether the Fund is contractually able to settle daily payments on a net basis. Certain Master Agreements may allow for net settlements on an individual agreement basis, with the same legal entity, or with affiliated legal entities.  Additionally, there may be circumstances, such as laws of a particular jurisdiction or settlement of amounts due in different currencies, that may prohibit or restrict the right of offset as defined in the Master Agreements. There is no guarantee that the terms of the Master Agreements will be enforceable; for example, when bankruptcy or insolvency laws impose restrictions on or prohibitions against the right of offset.
The Fund attempts to limit counterparty risk by only entering into Master Agreements with counterparties which are believed to have the financial resources to honor their obligations and by monitoring the financial stability of those counterparties. For transactions executed with a Derivatives Clearing Organization (“DCO”), Futures Clearing Merchant (“FCM”), or Options Clearing Corporation (“OCC”) in a multilateral or other trading facility platform, counterparty risk is reduced by shifting exposure from the counterparty to the DCO, FCM, or OCC. These organizations have authority to provide an orderly liquidation in the event of a default.
The following table(s) present the Fund’s net exposure to derivative instruments by type of financial instrument as of April 30, 2025.  Transactions executed with DCOs, FCMs, or OCCs, if any, are excluded from the table(s).
Financial Instrument
Gross Amount
of Recognized
Assets
Gross Amount
Offset in the
Statement of Assets
and Liabilities
Net Amount of
Assets Presented
in the Statement of
Assets and Liabilities
Purchased Options Contracts
$315,540
$
$315,540
Purchased Swaptions Contracts
2,460,295
2,460,295
Forward Currency Contracts
4,752,535
4,752,535
Swap Contracts
3,081,331
3,081,331
Total
$10,609,701
$
$10,609,701
Financial Instrument
Gross Amount
of Recognized
Liabilities
Gross Amount
Offset in the
Statement of Assets
and Liabilities
Net Amount of
Liabilities Presented
in the Statement of
Assets and Liabilities
Forward Currency Contracts
$4,327,135
$
$4,327,135
Swap Contracts
2,368,038
2,368,038
Written Options Contracts
178,562
178,562
Written Swaptions Contracts
69,311
69,311
Total
$6,943,046
$
$6,943,046
132

Wellington Global Multi-Strategy Fund
Notes to Consolidated Financial Statements (unaudited) (continued)
April 30, 2025
Offsetting of Financial and Derivative Assets and Liabilities (continued)
The following table presents the Fund's derivative assets and liabilities by counterparty, net of amounts available for offset under a master netting agreement, or similar agreement, and net of the related collateral received or pledged as of April 30, 2025. Transactions executed with DCOs, FCMs, or OCCs, if any, are excluded from this table.
Counterparty
Gross Amount of
Assets in the
Statement of
Assets and
Liabilities
Gross Amount of
Liabilities in the
Statement of
Assets and
Liabilities
Net
Position - Asset
(Liability)
Collateral
Received
(Pledged)*
Net Amount Due
from (to)
Counterparty
Bank of America NA
$1,559,526
$173,114
$1,386,412
$
$1,386,412
Bank of Montreal
1,789
(1,789
)
(1,789
)
Barclays Bank PLC
2,266,665
1,272,322
994,343
484,197
510,146
BNP Paribas
350,473
249,335
101,138
101,138
Citibank NA
495,557
438,265
57,292
57,292
Credit Agricole
222
6,992
(6,770
)
(6,770
)
Deutsche Bank AG
407,497
462,618
(55,121
)
(55,121
)
Goldman Sachs International
1,687,837
994,097
693,740
693,740
HSBC Bank USA NA
100,788
113,627
(12,839
)
(12,839
)
JP Morgan Chase Bank NA
1,191,748
1,077,409
114,339
114,339
Morgan Stanley & Co. International PLC
1,685,921
1,503,436
182,485
182,485
Natwest
31
31
31
Royal Bank of Canada
55,226
91,190
(35,964
)
(35,964
)
Societe Generale
6,847
5,058
1,789
1,789
Standard Chartered Bank
9,161
4,238
4,923
4,923
State Street Capital Markets
85,880
260,976
(175,096
)
(175,096
)
Toronto Dominion Securities
8,995
5,625
3,370
3,370
UBS Securities LLC
697,327
282,955
414,372
414,372
Total
$10,609,701
$6,943,046
$3,666,655
$1,024,405
$2,642,250
*
The actual collateral (including non-cash collateral) received/pledged may be more than the amount reported due to overcollateralization.
6. Purchases and Sales of Investments
Purchases and sales of investment securities (excluding short-term investments) during the period ended April 30, 2025 were as follows:
Statement of Securities Acquired (In Summary)
Type of Investments
Cost of Investments
Bank Loans
$3,270,313
Corporate Obligations(a)
1,180,765,270
Foreign Government Obligations
2,855,289,259
United States Government and Agency Obligations(a)
518,158,707
Equity Securities(b)
9,750,725
133

Wellington Global Multi-Strategy Fund
Notes to Consolidated Financial Statements (unaudited) (continued)
April 30, 2025
6. Purchases and Sales of Investments
 (continued)
Type of Investments
Cost of Investments
Investment Companies(c)
$585,000
Equity Securities - Shorts(b),(d)
42,661
Investment Companies - Shorts(c),(d)
23,616
Corporate Obligations - Shorts(a),(d)
1,621,964,739
Foreign Government Obligations - Shorts
199,199,469
United States Government and Agency Obligations -
Shorts(a),(d)
242,538,686
Total
$6,631,588,445
Statement of Securities Disposed (In Summary)
Type of Investments
Proceeds from Sales
Net Realized Gain (Loss)
Bank Loans
$846,282
$(5,467
)
Corporate Obligations(a)
1,247,339,462
80,012,824
Foreign Government Obligations
2,493,375,689
(135,415,513
)
United States Government and Agency Obligations(a)
267,869,711
(136,574,647
)
Equity Securities(b)
8,869,370
135,432
Investment Companies(c)
437,962
(147,038
)
Equity Securities - Shorts(b),(e)
110,997
7,338
Investment Companies - Shorts(c),(e)
47,643
(1,431
)
Corporate Obligations - Shorts(a),(e)
1,924,705,952
108,576,909
Foreign Government Obligations - Shorts
230,247,617
18,097,770
United States Government and Agency Obligations -
Shorts(a),(e)
333,776,982
68,264,705
Total
$6,507,627,667
$2,950,882
(a)
Includes Asset and Mortgage Backed Securities, as applicable.
(b)
Includes Common Stock, Common Stock Units, Real Estate Investment Trusts, Preferred Stock, Preferred Stock Units, Limited Partnership Units, and Warrants, as applicable.
(c)
Includes Closed-End Funds and Exchange Traded Funds, as applicable.
(d)
Represents the cost of repurchased securities which were returned to the lender for securities sold short.
(e)
Represents proceeds received for securities sold short.
7. Federal income Taxes
The Fund intends to meet the requirements of the Internal Revenue Code of 1986, as amended (the “Code”), applicable to regulated investment companies (“RICs”), and to distribute substantially all of its net investment income and any net realized capital gains to its shareholders annually and to meet certain diversification and income requirements with respect to investment companies.
The Fund intends to make distributions on an annual basis in aggregate amounts representing substantially all of the Fund’s investment company taxable income (including realized short-term capital gains), if any, earned during the period. Distributions may also include net capital gains, if any.
Because the Fund intends to qualify annually as a RIC under the Code, the Fund intends to distribute substantially all of its investment company taxable income to its Shareholders. Nevertheless, there can be no assurance that the Fund will pay distributions to Shareholders at any particular rate.
134

Wellington Global Multi-Strategy Fund
Notes to Consolidated Financial Statements (unaudited) (continued)
April 30, 2025
7. Federal income Taxes
 (continued)
As of April 30, 2025 the tax cost of investments and the breakdown of unrealized appreciation/(depreciation) for the Fund are shown below. The difference between book-basis and tax basis unrealized appreciation/(depreciation) is attributable to the tax treatment of certain securities, amortization of premium, other financial instruments and wash sales.
Fund
Tax Cost of
Investments
Net Unrealized
Appreciation/
(Depreciation)
Wellington Global Multi-Strategy Fund
74,840,199
(1,379,736
)
8. Transactions with Affiliates and Service Providers
Investment Management Fee
Pursuant to the investment advisory agreement (the “Investment Management Agreement”) between the Fund and the Adviser, and in consideration of the advisory services provided by the Adviser to the Fund, the Adviser is entitled to an investment management fee (“Investment Management Fee”) payable monthly in arrears and accrued daily based upon the Fund’s average daily net assets at an annual rate of 1.00% prior to any accrual of the Performance Fee (as defined below) and charge in respect of any Reimbursable Pass-Through Expenses (as defined below). The Investment Management Fee is paid before giving effect to any repurchase of Shares in the Fund effective as of that date and will decrease the net profits or increase the net losses of the Fund.
Expense Limitation Agreement
The Advisor and the Fund have entered into an Expense Limitation Agreement (“ELA”) under which the Adviser has agreed to contractually, on a monthly basis, reimburse the Fund’s “Specified Expenses” in respect of each class of the Fund (each, a “Class”) where “Specified Expenses” means all other expenses incurred in the business of the Fund and allocated to a Class, including the Fund’s annual operating expenses, with the exception of: (i) the Investment Management Fee and Performance Fee; (ii) the Reimbursable Pass-Through Expense; (iii) the Shareholder Servicing Fee; (iv) the Distribution Fee; (v) certain costs associated with the acquisition, ongoing investment and disposition of the Fund’s investments and unconsummated investments, including legal costs, professional fees, travel costs and brokerage costs; (vi) acquired fund fees and expenses; (vii) dividend and interest payments (including any dividend payments, interest expenses, commitment fees, or other expenses related to any leverage incurred by the Fund); (viii) taxes and costs to reclaim foreign taxes; and (ix) extraordinary expenses (as determined in the sole discretion of the Adviser) to the extent that such expenses exceed 0.60% of the average daily net assets of such Class (the “Expense Cap”).
If, while the Adviser is the investment adviser to the Fund, the Fund’s estimated annualized Specified Expenses in respect of a Class for a given month are less than the Expense Limitation, the Adviser shall be entitled to reimbursement by the Fund of the other expenses borne by the Adviser on behalf of the Fund (the “Reimbursement Amount”) during any of the previous thirty-six (36) months, but only to the extent that the Fund’s estimated annualized Specified Expenses in respect of a Class are less than, for such month, the lesser of the Expense Limitation or any other relevant expense limit then in effect with respect to the Class, and provided that such amount paid to the Adviser will in no event exceed the total Reimbursement Amount and will not include any amounts previously reimbursed. The Adviser may recapture a Specified Expense in any year within the thirty-six (36) month period after the Adviser bears the expense. The Expense Limitation Agreement will remain in effect through January 2, 2026, unless and until the Board approves its modification or termination. Thereafter, the Expense Limitation Agreement may be annually renewed with the written agreement of the Adviser and the Fund. The Fund’s obligation to make reimbursement payments shall survive the termination of the Expense Limitation Agreement.
Performance Fee
Pursuant to the Investment Management Agreement, the Adviser is entitled to a performance fee (“Performance Fee”) after the end of each fiscal year of the Fund. The Performance Fee paid to the Adviser will be paid out of the Fund’s assets. The Performance Fee is determined as of the end of the fiscal year in an amount equal to 20% of the amount by which the Fund’s net profits (including unrealized net gains and losses on investments and any net profits attributable to investments in initial public offerings) for all Measurement Periods (as defined below) during such fiscal year exceed the balance of the loss carryforward account (as described below). The Fund also pays the Adviser the Performance Fee in the event a Measurement Period is triggered in connection with a share repurchase offer by the Fund. “Measurement Period” means each twelve-month period ending on the Fund’s fiscal year-end (or such other period ending on the Fund’s fiscal year-end in the event the Fund’s fiscal year is changed), provided that whenever the Fund conducts a share repurchase offer, the period of time from the last Measurement Period end through the effective date of the repurchase offer also constitutes a Measurement Period for purposes of calculating the Performance Fee (if any) on shares being tendered for repurchase.
135

Wellington Global Multi-Strategy Fund
Notes to Consolidated Financial Statements (unaudited) (continued)
April 30, 2025
Performance Fee (continued)
The Performance Fee will be payable for a Measurement Period only if there is no balance in the Fund’s loss carryforward account. The loss carryforward account is an account that will have an initial balance of zero upon commencement of the Fund’s operations and, thereafter, will be credited as of the end of each Measurement Period with the amount of any net loss of the Fund for that Measurement Period and will be debited with the amount of any net profits of the Fund for that Measurement Period, as applicable (provided, however, that the debiting of net profits may only reduce a balance in the loss carryforward account and may not reduce the balance of the loss carryforward account below zero).
Reimbursable Pass-Through Expense
Pursuant to the Investment Management Agreement, the Fund will reimburse the Adviser out of the Fund’s net assets for certain additional compensation-related expenses of the Adviser. The Reimbursable Pass-Through Expense reflects the sum of the cost payable to Trading Team personnel responsible for managing the Allocable Accounts (collectively, “Pass-Through Persons”) (such costs, the “Reimbursable Pass-Through Expense”). The Reimbursable Pass-Through Expense shall be invoiced by the Adviser to the Fund and payable by the Fund to the Adviser as an expense reimbursement.
The Reimbursable Pass-Through Expense shall be calculated by aggregating the proportionate share of expenses of the Adviser attributable to the total amounts paid to Pass-Through Persons with respect to each Allocable Account (each such amount, a “Strategy-Specific Pass-Through Expense”). The Strategy-Specific Pass-Through Expense is determined as of the end of the Fund’s fiscal year and range from 10% to 20%. The Strategy-Specific Pass-Through Expense is calculated based on the amount by which the net profits of the Allocable Account (including unrealized net gains and losses on investments and any net profits attributable to investments in initial public offerings) for the twelve-month period ending on the Fund’s fiscal year-end exceed the balance of the Allocable Account’s loss carryforwards. In connection with a share repurchase offer by the Fund, the accrued Reimbursable Pass-Through Expense is included in the calculation of the Fund’s NAV but will not be paid to the Adviser until the end of the fiscal year.
For purposes of calculating a Strategy-Specific Pass-Through Expense for an Allocable Account, “net profits” means the net of realized and unrealized gains and losses on the Allocable Account’s investments (including profits and losses attributable to investments in initial public offerings), interest, dividends, taxes, fees and other expenses allocated to such Allocable Account, excluding Fund-level operating expenses. For purposes of calculating a Strategy-Specific Pass-Through Expense for an Allocable Account, “Measurement Period” means each twelve-month period ending on the Fund’s fiscal year-end (or such other period ending on the Fund’s fiscal year-end in the event the Fund’s fiscal year is changed). For purposes of determining the Fund’s net asset value, an estimate of the Reimbursable Pass-Through Expense is calculated and accrued daily as an expense of the Fund (as if each day is the end of the Fund’s fiscal year).
The Strategy-Specific Pass-Through Expense for an Allocable Account will be payable for a Measurement Period only if there is no balance in the Allocable Account’s loss carryforwards. Similar to the Fund’s loss carryforward account, each Allocable Account’s loss carryforward account is an account that will have an initial balance of zero upon commencement of the Allocable Account’s operations and, thereafter, will be credited as of the end of each Measurement Period with the amount of any net loss of the Allocable Account for that Measurement Period and will be debited with the amount of any net profits of the Allocable Account for that Measurement Period, as applicable (provided, however, that the debiting of net profits may only reduce a balance in the loss carryforward account and may not reduce the balance of the loss carryforward account below zero).
The Reimbursable Pass-Through Expense is determined as of the end of any fiscal year shall not exceed 3.50% of Fund net assets (the “Pass-Through Expense Cap”).
Distribution and/or Shareholder Service Fees
The Fund has adopted a “Distribution and Shareholder Services Plan” with respect to its Class A and Class M Shares under which the Fund may compensate financial industry professionals for distribution-related expenses, if applicable, and providing ongoing services in respect of clients with whom they have distributed Shares of the Fund. Such services may include electronic processing of client orders, electronic fund transfers between clients and the Fund, account reconciliations with the Fund’s transfer agent, facilitation of electronic delivery to clients of Fund documentation, monitoring client accounts for back-up withholding and any other special tax reporting obligations, maintenance of books and records with respect to the foregoing, and such other information and liaison services as the Fund or the Adviser may reasonably request. Under the Distribution and Shareholder Services Plan, the Fund, with respect to Class A and Class M, may incur expenses on an annual basis equal to 0.25% and 0.75%, respectively, of its average daily net assets. With
136

Wellington Global Multi-Strategy Fund
Notes to Consolidated Financial Statements (unaudited) (continued)
April 30, 2025
Distribution and/or Shareholder Service Fees (continued)
respect to Class A Shares, the entire fee is characterized as a “shareholder service fee”. With respect to Class M Shares, the entire fee is characterized as a “distribution fee”.
Class I Shares are not subject to a distribution or shareholder service fee.
Administrator, Custodian and Transfer Agent
Wellington Fund Services LLC serves as the administrator of the Fund (the “Administrator”). The Fund has retained State Street Bank and Trust Company to provide it with sub-administration, custodian, and transfer agency services. The Fund compensates the Administrator for these services and reimburses the Administrator for certain out-of pocket expenses (the “Administration Fee”). The Administration Fee is 0.50% of the average daily net assets and it is paid to the Administrator out of the assets of the Fund; therefore, decreasing the net profits or increasing the net losses of the Fund.
Affiliated Shareholders
At April 30, 2025, all of the Fund's shares outstanding were held by one participant affiliated with the Adviser.
9. Capital Shares
The Fund’s Declaration of Trust authorizes the issuance of an unlimited number of Shares of beneficial interest, par value $0.001 per share. The Fund accepts initial and additional purchases of Shares on each business day. There is currently no market for the Shares and the Fund does not expect that a market for Shares will develop in the foreseeable future.  Shareholders of the Fund are not able to have their Shares redeemed or otherwise sell their Shares on a daily basis because the Fund is an unlisted closed-end fund. To provide liquidity to Shareholders, pursuant to Rule 23c-3 under the 1940 Act, the Fund is structured as an “interval fund” and intends to conduct quarterly repurchase offers for between 5% and 25% of the Fund’s outstanding shares at NAV, unless such offer is suspended or postponed in accordance with the Fund’s regulatory requirements. The offer to purchase Shares is a fundamental policy that may not be changed without the vote of the holders of a majority of the Fund’s outstanding voting securities. The Board will establish the deadline by which the Fund must receive repurchase requests in response to a repurchase offer. Quarterly repurchases will occur in the months of March, June, September, and December. The Fund expects to make its initial repurchase offer in the second quarter of 2025. Written notification of each quarterly repurchase offer will be sent to Shareholders at least 21 calendar days before the repurchase request deadline.
 
Period Ended
April 30, 2025
 
 
Shares
Amount
Class I Shares
Shares sold
5,000,000
$50,000,000
Net increase
5,000,000
$50,000,000
10. Commitments and Contingencies
In the normal course of business, the Fund may enter into contractual arrangements that contain a variety of representations and warranties and which at times provide for indemnification of counterparties. The Fund’s maximum exposure under these types of arrangements is unknown as this would involve future claims that may be made against the Fund that have not yet occurred. However, the Fund believes the possibility that it will have to make material payments under these arrangements is unlikely.
From time to time, the Adviser for the Fund and the Board may be subject to proceedings, including civil litigation and regulatory matters arising out of the ordinary course of their business.
11. Significant Risks and Uncertainties
The Fund’s risks include, but are not limited to, the following:
137

Wellington Global Multi-Strategy Fund
Notes to Consolidated Financial Statements (unaudited) (continued)
April 30, 2025
Access Products
Access products are generally subject to the same risks as direct holdings of securities of non-US issuers, currency risk, and counterparty risk.  Because the full notional value of the exposure is often provided to the issuer of the access product at the time of purchase, the counterparty exposure can be significant.  Disposal of an access product may be difficult because there may be restrictions on redemptions and there may be no market or only a thin trading market in such instruments.
Bank Loans
A bank loan is a contractual agreement that is typically entered into with the lender or other third party selling the participation, but not with the borrower directly, resulting in credit risk with both the borrower and the third party seller.
Closed-End Funds
The Fund’s investments in certain closed-end funds may be subject to lock-up periods, during which the Fund may not withdraw its investment.Many of the closed-end fund’s assets will be priced in the absence of a readily available market and may be priced based on determinations of fair value, which may prove to be inaccurate. The Fund, upon its redemption of all or a portion of its interest in a closed-end fund, may receive an in-kind distribution of securities that are illiquid or difficult to value and difficult to dispose of. Closed-end funds may not be liquid investments. Closed-end funds may make significant use of leverage, which has the potential to magnify losses versus funds that do not employ leverage.
Commodities
Commodities may be more volatile than traditional equity or fixed income securities.  The value of commodity-linked investments may be affected by changes in overall market movements, commodity-index volatility, interest rate changes, or events affecting a particular commodity or industry, such as political instability or conflict, international economic and regulatory developments, embargoes and tariffs, droughts, floods, and other events.
Concentration of Risk
Concentration of investments in a relatively small number of securities, sectors, industries, or geographical regions may significantly affect performance.  As a result of reduced diversification, poor performance among that group of securities, sectors, industries, or regions may lead to underperformance.  In addition, the higher level of exposure to that grouping may result in higher volatility.
Counterparty and Settlement
To the extent the Fund invests in swaps, derivatives or synthetic instruments, other OTC transactions, or non-U.S. securities, the Fund may be subject to credit risk with regard to parties with which it trades and may also bear the risk of settlement default. These risks may differ materially from those entailed in exchange-traded transactions, which generally are backed by clearing organization guarantees, daily marking-to-market and settlement, and segregation and minimum capital requirements applicable to intermediaries. Transactions entered directly between two counterparties may not benefit from such protections and expose the parties to the risk of counterparty default.Any such default by a trading counterparty could result in losses to the Fund due to the delay of settlement of a transaction, loss of market gains or, in certain circumstances, loss of a portion or the full amount of the notional value of the transaction.
Credit
The Fund may be subject to credit risk. Credit risk is the risk that an issuer of securities (including sovereign and corporate entities) will be unable to pay principal and interest when due, or that the value of the security will suffer because investors believe the issuer is less able to pay.This is broadly gauged by the credit ratings of the securities in which the Fund invests. However, ratings are only the opinions of the agencies issuing them and are not absolute guarantees of the quality of the securities.
Currency
Investments in securities or other investments that are denominated in foreign currency are subject to the risk that the value of a particular currency will change in relation to one or more other currencies. Currency exchange rates may fluctuate widely over short periods of time.Among the factors that may affect currency values are trade balances, the level of short-term interest rates, differences in relative values of similar assets in different currencies, long-term opportunities for investment and capital appreciation, and political developments.The Fund may try to hedge and actively manage currencies by investing in foreign currencies, foreign currency futures contracts, options, and forward foreign currency exchange contracts or similar instruments, or any combination thereof, but there can be no assurance that such strategies will be implemented or, if implemented, will be effective.
138

Wellington Global Multi-Strategy Fund
Notes to Consolidated Financial Statements (unaudited) (continued)
April 30, 2025
Delayed Delivery Contracts
When purchasing a security on a delayed delivery basis, the Fund assumes the risks of ownership of the security, including the risk of price, yield, or foreign currency fluctuations, as well as the risk of the counterparty failing to perform under the contract (i.e. counterparty risk).
Emerging Markets
Any investments in issuers located in emerging market countries (countries in which the capital markets are developing) may involve greater risks than investments in more developed markets and the prices of such investments may be volatile. The consequences of political, social, or economic changes in these markets may have disruptive effects on the market prices of the Fund’s investments and the income they generate, as well as the Fund’s ability to repatriate such amounts. In addition, there may be less publicly available information about an emerging market company than a U.S. company, and emerging market companies may not be subject to financial reporting standards comparable to U.S. companies. Emerging markets may, at any time, be less liquid and prices may be more volatile than U.S. markets.Transaction costs may be higher than those in the U.S., and it may be more difficult or expensive for the Fund to take appropriate legal action in non-U.S. courts.
Exchange Traded Funds
The risks of owning an ETF generally reflect the risks of owning the underlying securities an ETF is designed to track, although the lack of liquidity on an ETF could result in it being more volatile. An ETF is subject to the risks of an investment in a broad-based portfolio of common stocks, or with certain ETFs, to the risks of a concentrated, industry-specific investment in common stocks. Furthermore, certain ETFs in which the Fund may invest may leverage their assets, thereby significantly increasing the potential volatility of such ETFs.
Fixed Income Buy-Sellback and Sell-Buyback Agreements
Buy-sellback agreements involve certain risks in the event of default by the other party.  In the event of the bankruptcy or other default of a seller of a buy-sellback agreement, the Fund could experience both delays in liquidating the underlying securities at the agreed upon prices and losses, including (i) possible decline in the value of the underlying security during the period while it seeks to enforce its rights thereto; (ii) possible lack of access to income on the underlying security during this period; and (iii) expenses of enforcing its rights.
Sell-buyback agreements involve the risk that the market value of the underlying securities in the Fund may decline below the price of the securities the Fund is obligated to repurchase under the agreement. In addition, should the counterparty default, a risk exists that the value of the security the Fund has sold increases and the proceeds from the original sale and any additional collateral posted by the buyer does not offset the security’s increased value. In the event the other party involved in a sell-buyback agreement files for bankruptcy or becomes insolvent, the Fund’s use of the proceeds of the agreement may be restricted pending a determination by the other party, or its trustee or receiver, whether to enforce the Fund’s obligation to repurchase the securities.
Forward Currency Contracts
Risks may arise upon entering into forward currency contracts from the potential inability of counterparties to meet the terms of their contracts or if the value of a particular currency changes in relation to one or more other currencies.  Such risks are generally limited to the amount of unrealized gain on the contract, if any, at the date of default.
Futures Contracts
Investing in futures contracts involves, to varying degrees, credit and market risks. The Fund enters into futures contracts generally on exchanges or boards of trade where the exchange or board of trade acts as counterparty to the contract. Thus, credit risk on such contracts is limited to the failure of the exchange or board of trade. Losses may arise from changes in value of the underlying instruments or if there is an illiquid market for the contracts. Additionally, in certain circumstances, adequate correlation in price movements may not be achieved between a futures contract and the security or commodity which is intended to be hedged.
Health Crises
From time to time, countries have experienced outbreaks of infectious illnesses.Any spread of an infectious illness, public health threat or similar issue could reduce consumer demand or economic output, or result in market closures, travel restrictions or quarantines. These infectious spreads could have a significant impact on a particular country’s economy, which in turn could adversely affect the Fund's investments.
139

Wellington Global Multi-Strategy Fund
Notes to Consolidated Financial Statements (unaudited) (continued)
April 30, 2025
High Yield Securities
Investing in high yield fixed income securities may involve greater credit risk and considerations not typically associated with investing in US Government bonds and other higher quality fixed income securities.  These securities are non-investment grade securities, often referred to as 'junk' bonds.  Economic downturns may disrupt the high yield market and impair the ability of issuers to repay principal and interest.  Also, an increase in interest rates would likely have an adverse impact on the value of such obligations.  Moreover, high yield securities may be less liquid to the extent that there is no established secondary market.
Interest Rate
The value of fixed income investments can change inversely with changes in interest rates.  As interest rates rise, the market value of fixed income securities tends to decrease.  Conversely, as interest rates fall, the market value of fixed income securities tends to increase.  The risk that changes in interest rates will adversely affect investments will be greater for longer-term fixed income securities than for shorter-term fixed income securities.
Leverage
The use of leverage exposes the Fund to a higher degree of additional risk, including (i) greater losses from investments than would otherwise have been the case had leverage not been used to make the investments; (ii) margin calls or interim margin requirements that may force premature liquidations of investment positions; and (iii) losses on investments in which the investment failsto earn a return that equals or exceeds the cost of leverage related to such investment.  In the event of a sudden, precipitous drop in the value of the leveraged assets, an investor might not be able to liquidate assets quickly enough to repay borrowings, further magnifying the losses incurred.
To the extent that options, futures, options on futures, swaps, swaptions, and other “synthetic” or derivative financial instruments are used, it should be noted that they may inherently contain much greater leverage than a non-margined purchase of the underlying security, commodity, or instrument. This is due to the fact that generally only a very small portion (and in some cases none) of the value of the underlying security, commodity, or instrument is required to be paid in order to make such investments. In addition, many of these products are subject to variation or other interim margin requirements, which may force premature liquidation of investment positions.
Market
The profitability of a significant portion of the Fund’s investment program depends to a great extent upon correctly assessing the future course of price movements of specific securities and other investments.  There can be no assurance that the Investment Adviser will be able to accurately predict these price movements.  At times, the securities and capital markets experience great volatility and unpredictability.  Therefore, with respect to the investment strategy utilized by the Fund, there is always some degree of market risk, which could be significant to the Fund.
Mortgage-Related and Other Asset-Backed Securities
Pass-through instruments such as mortgage-related and asset-backed securities are subject to prepayment risk, which is the possibility that the principal of the loans underlying the securities may be prepaid at any time. Prepayments generally increase during periods when interest rates decline; as a result, reinvestment of prepayment proceeds will generally be at lower rates than the rates that were carried by the pre-paid obligations. Because of prepayment risk, the total return and maturity of asset-backed securities may be difficult to predict.
Multiple Underlying Strategies
The Fund’s assets will be allocated among various Underlying Strategies. Each Underlying Strategy has a portfolio manager or portfolio managers who make their trading decisions independently. Accordingly, it is possible that one or more of the Underlying Strategies may, at any time, take positions which may be opposite of positions taken by other Underlying Strategies. It is also possible that the Underlying Strategies may on occasion have substantial positions in the same security or group of securities at the same time. Also, a particular portfolio manager may take positions for its other clients that may be opposite to positions taken for an Underlying Strategy. The possible lack of diversification caused by these factors may subject the investments of the Fund to more rapid change in value than would be the case if the assets of the Master Fund were required to be more widely diversified.
140

Wellington Global Multi-Strategy Fund
Notes to Consolidated Financial Statements (unaudited) (continued)
April 30, 2025
Non-US Investments
Investments in non-US governments and companies that are generally denominated in non-US currencies involves certain considerations comprising both risks and opportunities not typically associated with investing in securities of the US Government or US companies.  These considerations include changes in exchange rates and exchange control regulations, restrictions, risks, or impracticalities that could result in the Adviser relying on third parties with respect to currency transactions (including income repatriation); political and social instability; expropriation; imposition of non-US taxes; less liquid markets and less available information than is generally the case in the US; higher transaction costs; less government supervision of exchanges, brokers, and issuers; greater risks associated with counterparties and settlement; difficulty in enforcing contractual obligations; lack of uniform accounting and auditing standards; and greater price volatility.
Options Contracts
Purchasing options contracts involves the risk that the underlying instrument will not change price in the manner expected, so that the investor loses the premium paid. Selling options contracts involves potentially greater risk because the investor is exposed to the extent of the actual price movement in the underlying security (which could result in a potentially unlimited loss) rather than only the loss of the premium payment received.  Over-the-counter options contracts also involve counterparty solvency risk.
Real Estate Securities
Risks associated with investing in the securities of companies principally engaged in the real estate industry, such as REIT securities, include the cyclical nature of real estate values; risk related to general and local economic conditions; overbuilding and increased competition; increases in property taxes and operating expenses; demographic trends and variations in rental income; changes in zoning laws; casualty or condemnation losses; environmental risks; regulatory limitations on rents; changes in neighborhood values; related party risks; changes in the appeal of properties to tenants; and increases in interest rates and other real estate capital market influences. Generally, increases in interest rates will increase the costs of obtaining financing, which could directly and indirectly decrease the value of such securities.
Short Sales
A short sale involves selling borrowed securities which must at some date be repurchased and returned to the lender. The risk associated with this practice is that if the fair value of securities sold short increases, the Fund may realize losses upon repurchase at prices which may exceed the liability on the Consolidated Statement of Assets and Liabilities.  Further, in unusual circumstances, the Fund may be unable to repurchase securities to close its short positions except at prices above those previously quoted in the market.
Smaller Capitalization Stocks
Smaller capitalization stocks represent investments in smaller companies and can involve greater risks than the securities of larger companies. The share prices of small-cap and mid-cap companies may exhibit greater volatility than the share prices of larger-cap companies. In addition, shares of small-cap and mid-cap companies are often less liquid than those of larger-cap companies. The management teams of smaller companies are frequently less seasoned than those of larger companies, and smaller companies may not have significant institutional ownership.
Swap Contracts
The risks associated with swaps may exceed amounts disclosed on the Consolidated Statement of Assets and Liabilities.  The Fund may incur liquidity risk when it uses swaps because purchase and resale may be limited to a discrete number of dealers.  Investing through swaps exposes the Fund to the same investment risk inherent in the instrument underlying the product.  The value of a swap will decrease commensurately should there be unfavorable changes in rates or market values of the product.
Entering into a credit default swap contract may involve greater risks than if the Fund had invested in a reference obligation directly.  A protection buyer may lose its investment and recover nothing if a credit event does not occur.  If a credit event occurs, the distressed value of the reference obligation received by a protection seller, coupled with the periodic payments previously received, may be less than the full notional value it pays to the protection buyer, resulting in a loss of value.
Entering into a cross currency swap contract involves higher degrees of credit risk.  There is also the possibility that the counterparty to the swap may default on its obligation to perform, thus leaving currency exposure, and there may be significant termination costs.
141

Wellington Global Multi-Strategy Fund
Notes to Consolidated Financial Statements (unaudited) (continued)
April 30, 2025
Swap Contracts (continued)
Entering into interest rate swap contracts and total return swap contracts involves varying degrees of risk, including the possibility that there is no liquid market for the contracts, the counterparty to the swap may default on its obligation to perform, or unfavorable changes in interest rates and market values may occur.
Swaptions Contracts
Entering into a swaptions contract involves, to varying degrees, elements of credit, market and interest rate risk in excess of the amounts reported on the Consolidated Statement of Assets and Liabilities, associated with both options contracts and swap contracts. To reduce risk from potential counterparty default, the Fund enters into swaptions with counterparties whose creditworthiness has been approved by the Adviser. The Fund bears the market risk arising from any change in index values or interest rates.
TBA Commitments
TBA commitments involve a risk of loss if the value of the security to be purchased or sold declines or increases, respectively, prior to settlement date.  Entering into TBAs also involves counterparty risk, which may be higher for this type of security due to the longer settlement period.
12. Subsequent Events
Events or transactions occurring after period end through the date of issuance of the financial statements have been evaluated by the Adviser in the preparation of the financial statements and no items were noted requiring additional disclosure or adjustment. 
142

(b)To Wellington Global Multi-Strategy Fund Shareholder:

 

We are pleased to present the most recent semi-annual report for the Wellington Global Multi-Strategy Fund. For your benefit, you can print this report and any supplementary documents thereof.

 

Should you prefer a hard copy, we will send it to you at no cost by calling 617-662-7100 or writing to us at:

 

Wellington Global Multi-Strategy Fund

c/o State Street Bank and Trust Company

1776 Heritage Way

Quincy, MA 02171

 

Item 2.Code of Ethics.

 

(a)Not applicable.

 

Item 3.Audit Committee Financial Experts.

 

Not applicable.

 

Item 4.Principal Accountant Fees and Services.

 

Not applicable.

 

Item 5.Audit Committee of Listed Registrants.

 

Not applicable.

 

Item 6.Investments.

 

(a)The Schedule of Investments is included within the Report filed under Item 1(a) of this Form.

 

(b)Not applicable.

 

Item 7.Financial Statements and Financial Highlights for Open-End Management Investment Companies.

 

(a)Not applicable.

 

(b)Not applicable.

 

Item 8.Changes in and Disagreements with Accountants for Open-End Management Investment Companies.

 

Not applicable.

 

Item 9.Proxy Disclosures for Open-End Management Investment Companies.

 

Not applicable.

 

Item 10.Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.

 

Not applicable.

 

 

 

Item 11.Statement Regarding Basis for Approval of Investment Advisory Contract.

 

Board of Trustees’ Considerations in Approving the Investment Management Agreement

 

Wellington Global Multi-Strategy Fund (the “Fund”) and Wellington Management Company LLP (“WMC”) have entered into an investment management agreement (the “Investment Management Agreement”), pursuant to which WMC provides investment management services to the Fund. The management and affairs of the Fund are supervised by the Board of Trustees (each member, a “Trustee” and, collectively, the “Trustees” or the “Board”).

 

The Investment Company Act of 1940, as amended (the “1940 Act”), requires that the initial approval of the Fund’s Investment Management Agreement be specifically approved by the vote of a majority of the outstanding shareholders of the Fund and the vote of a majority of the Trustees who are not parties to the Investment Management Agreement or “interested persons” of any party (the “Independent Trustees”) cast in person (or otherwise, as consistent with applicable laws, regulations and related guidance and relief) at a meeting called for such purpose. In connection with their consideration of such initial approval, the Trustees must request and evaluate, and WMC must furnish, such information as may be reasonably necessary to evaluate the terms of the Investment Management Agreement. In addition, the Securities and Exchange Commission takes the position that, as part of their fiduciary duties with respect to a fund’s fees, fund boards must evaluate the material factors applicable to a decision to approve the Investment Management Agreement.

 

Consistent with these responsibilities, the Board called and held a meeting on November 6, 2024 to consider whether to approve the Investment Management Agreement between the Fund and WMC. In preparation for this meeting, the Board requested and reviewed a wide variety of materials and information from WMC regarding, among other topics: (i) the fees and expenses proposed to be paid by the Fund; (ii) the costs to WMC of providing the services contemplated and WMC’s and its affiliates’ anticipated profitability from their relationship with the Fund; (iii) the nature, extent and quality of services proposed to be provided by WMC; (iv) the investment performance of the Fund and WMC; (v) the potential for WMC to realize economies of scale in its provision of services to the Fund, and whether any such economies of scale are expected to be shared with the Fund; and (vi) any “fall-out” or ancillary benefits to WMC and its affiliates as a result of their relationship with the Fund.

 

The Board reviewed the materials and additional information provided during prior informational sessions hosted by WMC. The Independent Trustees also reviewed the materials and information separately with their counsel at an executive session among themselves without the participation of representatives of WMC. The Trustees received a memorandum from Fund counsel regarding the responsibilities of Trustees in connection with their consideration of whether to approve the Fund’s Investment Management Agreement. In addition, prior to voting, the Independent Trustees received advice from Fund counsel and from the Independent Trustees’ counsel regarding the information provided by WMC.

 

At the Trust’s meeting held on November 6, 2024, the Investment Management Agreement was approved for an initial two-year term. The Board’s approval was based on its consideration and evaluation of the factors described below, as discussed prior to and at the meeting. The Trustees’ determinations at the meeting were made on the basis of each Trustee’s business judgment after consideration of all the information presented. In deciding to recommend the approval of the Investment Management Agreement, the Independent Trustees did not identify any single factor or particular piece of information that, in isolation, was controlling. Each Independent Trustee may also have weighed factors differently. This summary describes the most important, but not all, of the factors considered by the Board and the Independent Trustees.

 

Fees and Expenses

 

The Board considered the fees and expenses proposed to be charged to the Fund under the Investment Management Agreement, as well as the total expenses expected to be incurred by the Fund. In assessing the reasonableness of the proposed fees and expenses under the Investment Management Agreement, the Board considered, among other information, the Fund’s proposed management fee, performance fee and reimbursable pass-through expense structure and its expected total expense ratio as a percentage of average daily net assets. The Board compared the Fund’s proposed fee and expense structure to those of comparable third-party funds and to fees charged by WMC to other accounts. In considering these other fees, the Board took into account, among other things, WMC’s representations about the differences between managing a registered closed-end fund as compared to private funds and separate accounts, including differences in the services provided, differences in the risk profile of that business for WMC and the additional resources required to manage registered funds effectively. In evaluating the Fund’s management fee, performance fee and reimbursable pass-through structure, the Board also took into account the expected demands, complexity and quality of the investment management of the Fund, including the diligence and monitoring of managers of the Fund.

 

 

 

The Board also noted the limitation on the reimbursable pass-through expense and the expense limitation agreement that would operate during the Fund’s first year of operations.

 

Costs and Profitability of WMC and its Affiliates

 

The Board considered the compensation directly or indirectly expected to be received by WMC and its affiliates in connection with their relationships with the Fund, including WMC’s financial condition and profitability.

 

Nature, Extent and Quality of Services Proposed to be Provided by WMC

 

The Board considered the nature, extent and quality of services to be provided to the Fund by WMC and its affiliates under the Investment Management Agreement, and the resources to be dedicated to the Fund by WMC. The Board considered, among other things, WMC’s ability to attract, motivate and retain highly qualified portfolio management, compliance and administrative team members, and noted the background and experience of these individuals. The Board noted that WMC referred to the long-term continuity of its key personnel and continued ability to recruit highly qualified employees as important to its ability to continue to provide services at historical levels.

 

The Board also considered the professional experience and qualifications of the senior personnel of WMC, which included consideration of WMC’s experience with investment products pursuing strategies similar to those proposed to be pursued by the Fund. The Board noted that WMC would provide the Fund with investment research, advice and supervision and continuously furnish an investment portfolio for the Fund consistent with the Fund’s investment objectives, policies and restrictions as set forth in the Fund’s prospectus. The Board considered the compliance programs of, and the compliance-related resources to be provided to the Fund by WMC and the resources to be dedicated by the WMC to risk management, and considered the WMC’s ability to provide management services to the Fund and coordinate the activities of the Fund’s other service providers.

 

Investment Performance of the Fund and WMC

 

Because the Fund had not yet commenced operations as of November 6, 2024, the Board did not have meaningful investment performance to compare to the returns of a group of comparable funds. However, the Board considered performance returns of a private fund managed by WMC that employs a strategy similar to the strategy proposed for the Fund, as well as the performance returns of an additional strategy managed by WMC using the same investment team and similar investment processes, portfolio construction techniques and risk oversight practices as proposed for the Fund.

 

Economies of Scale

 

The Board considered the potential for economies of scale in the provision by WMC of services to the Fund and to WMC’s investment advisory clients as a whole, and whether any such economies of scale were expected to be shared with the Fund. The Board took note of the proposed expense limitation agreement as well as WMC’s views regarding the proposed fee and expense structure’s relationship to economies of scale inherent in providing investment advice to the Fund considering its size and style. The Board also considered the costs of the services provided and the expected profitability, if any, to WMC and its affiliates from their relationship with the Fund, as noted above. After reviewing these and related factors, the Board concluded that, as the Fund had not yet commenced operations, at present there were no economies of scale and it would be appropriate to defer consideration of the extent to which any economies of scale are shared with the Fund.

 

Fall-Out Benefits

 

The Board received and considered information regarding “fall-out” or ancillary benefits to be received by WMC and its affiliates as a result of their relationship with the Fund. The Board noted that WMC may derive indirect reputational benefits from managing the Fund. The Board further noted that WMC also may obtain economic benefit from its management of both the Fund and other funds or accounts with respect to the potential economic leverage of its service provider relationships.

 

Conclusion

 

Based on their review, including their consideration of each of the factors referred to above, and assisted by the advice of independent counsel to the Independent Trustees, the Board, including the Independent Trustees, concluded that the Investment Management Agreement was fair and reasonable with respect to the Fund and its shareholders, and that the approval of the Investment Management Agreement would be in the best interests of the Fund and its shareholders. The Board did not indicate that any single factor was determinative of its decision to approve the Investment Management Agreement, but indicated that the Board based its determination on the total mix of information available to it.

 

 

 

Item 12.Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

 

Not applicable for semi-annual reports.

 

Item 13.Portfolio Managers of Closed-End Management Investment Companies.

 

(a)Not applicable for semi-annual reports.

 

(b)As of the date of this filing, there have been no changes in any of the portfolio managers identified in the most recent Prospectus.

 

Item 14.Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

 

Not Applicable due to no such purchases during the period covered by this report.

 

Item 15.Submission of Matters to a Vote of Security Holders.

 

There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant’s board of trustees.

 

Item 16.Controls and Procedures.

 

(a)The registrant’s principal executive officer and principal financial officer have evaluated the effectiveness of the registrant’s disclosure controls and procedures as of a date within 90 days of the filing of this report and have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended) are appropriately designed to ensure that information required to be disclosed by the registrant in the reports that it files on Form N-CSR (a) is accumulated and communicated to registrant's management, including its principal executive officer and principal financial officer, to allow timely decisions regarding required disclosure, and (b) is recorded, processed, summarized and reported, within the time periods specified in the rules and forms adopted by the U.S. Securities and Exchange Commission.

 

(b)The registrant’s principal executive officer and principal financial officer are aware of no change in the registrant’s internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

 

Item 17.Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.

 

Not applicable.

 

Item 18.Recovery of Erroneously Awarded Compensation.

 

Not applicable.

 

 

 

Item 19.Exhibits.

 

(a)(1)Not applicable for semi-annual reports.

 

(a)(2)Not applicable.

 

(a)(3)A separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Investment Company Act of 1940, as amended (17 CFR 270.30a-2(a)), is attached hereto.

 

(a)(4)Not applicable.

 

(a)(5)Not applicable.

 

(b)The certifications by the registrant’s principal executive officer and principal financial officer as required by Rule 30a-2(b) of the Investment Company Act of 1940, as amended, and Section 906 of the Sarbanes-Oxley Act of 2002 is attached hereto.

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Wellington Global Multi-Strategy Fund  
  (Registrant)  
     
  By: /s/ Carm Taglione  
    Carm Taglione  
    President and Principal Executive Officer  
       
 

Date:

July 7, 2025

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

     
By: /s/ Carm Taglione  
  Carm Taglione  
  President and Principal Executive Officer  
     

 Date:

 July 7, 2025

 
     
By: /s/ Matthew Bowser  
  Matthew Bowser  
 

Treasurer and Principal Financial Officer

 

 

 Date:

 July 7, 2025

 

 

 

 

 

EXHIBIT INDEX

 

Exhibit No. Description of Exhibit
19(a)(3) Section 302 N-CSR Certification of Principal Executive Officer
19(a)(3) Section 302 N-CSR Certification of Principal Financial Officer
19(b) Section 906 N-CSR Certification of Principal Executive Officer and Principal Financial Officer

 

 


ATTACHMENTS / EXHIBITS

ATTACHMENTS / EXHIBITS

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