Wellington invests across the entire global technology, media and telecom landscape. The managers seek to identify long term opportunities in sub-sectors and companies that are likely to generate the most attractive absolute returns. The managers work together to exchange ideas, challenge each other and determine the allocation of investments. The portfolio is built on a stock-by-stock basis with the portfolio managers utilising a bottom-up selection process to allocate capital within each of their dedicated subsectors of expertise. Exposures are generally a result of the stock selection process and are not typically managed from a top-down perspective. The fund’s investment objective is to provide long-term capital appreciation.