C$ unless otherwise stated
TORONTO, Jan. 27, 2017 /CNW/ - Manulife Investments today announced the three year Morningstar Rating for its Manulife U.S. Monthly High Income Fund. This Fund, launched on December 24, 2013 has achieved a 4-Star rating1 from Morningstar, has over $1.1 billion in assets under management and has achieved top-quartile performance in Morningstar's Global Neutral balanced category with over 840 competitors, since inception.
"In addition to capital appreciation, and regular income, we strive to protect capital in down markets and provide positive absolute returns. The popularity of the Manulife Monthly High Income Fund2 and the long-term success of the investment strategy made it an obvious choice to extend to the U.S. market in 2013," said Alan Wicks, Senior Managing Director and Senior Portfolio Manager, Manulife Asset Management Limited. "Our fundamental scalable and repeatable proprietary process and investing philosophy has been unchanged since our team was founded in 1996, and allows us to deliver the kind of results our unitholders have come to expect."
Value Equity Team
The value equity team manages the asset allocation and equity investments for the Manulife U.S. Monthly High Income Fund. This team, formed in 1996, continues to be led by Alan Wicks and consists of 10 members managing over C$17 billion across multiple mandates that span the globe. Senior leadership of this team includes Duncan Anderson, Jonathan Popper and Conrad Dabiet.
Fixed Income Team
The fixed income team is led by Howard Greene, Head of U.S. Investment Grade Fixed Income, Manulife Asset Management (US) LLC, who is based in the U.S. and has more than 30 years' experience managing fixed income.
"This Star Rating1 speaks to the strength of Alan's team," said Bernard Letendre, President, Manulife Investments. "The Manulife U.S. Monthly High Income Fund uses the same prudent investment philosophy as the successful Manulife Monthly High Income Fund 2, but applies that approach to the larger, dynamic U.S. market."
The Morningstar Rating is a quantitative assessment of a fund's past performance, both return and risk, as measured from one to five stars. It rewards consistent performance and reduces the possibility of strong short-term performance masking the inherent risk of a fund. For more information, see www.morningstar.ca
1Performance for the Series F version of this Fund for the period ended December 31, 2016 is 6.55% (1 year), 7.38% (3 years), N/A (5 years), N/A (10 years) and 7.35% (since inception on December 24, 2013).
Source: Morningstar Direct as of December 31, 2016 using Manulife U.S. Monthly High Income Fund (Series F). Series F performance is net of fees and expenses. Series A is also available and includes a 1.00% trailing commission.
2This Fund has been capped to all new purchases as of August 28, 2015.
The Star Ratings and quartile rankings as of December 31, 2016 for the Manulife U.S. Monthly High Income Fund (Series F) and the number of funds within the U.S. balanced category for each period are as follows: 1 year period, 1166 funds, 4 stars, 1st quartile; 3 year period, 834 funds, 4 stars, 1st quartile.
The Morningstar Rating, commonly referred to as the Star Rating, relates how a fund has performed on a risk-adjusted basis against its Morningstar category peers and is subject to change every month. Funds are ranked by their Morningstar Risk-Adjusted Return scores with the top 10% of funds in a category receiving 5 stars, the top 22.5% receiving 4 stars. A fund in the middle 35% receiving 3 stars, a fund in the next 22.5% receiving 2 stars and a fund in the bottom 10% receiving 1 star. Please refer to www.morningstar.ca for greater detail on the calculation of the Star Ratings. Quartile rankings are determined by Morningstar Research Inc. The quartile measure shows how well a fund has performed compared to all other funds in its Morningstar category peer group and are subject to change every month. The quartiles divide the data into four equal regions. The Top 25% of funds are in the first quartile, the next 25% of funds are in the second, and the next group is in the third quartile. The 25% of funds with the poorest performance are in the fourth quartile.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the fund facts as well as the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
For more information, please visit manulifemutualfunds.ca or contact Manulife Customer Service at the following numbers:
About Manulife Investments
Manulife Investments, a division of Manulife Asset Management Limited, builds on 125 years of Manulife's wealth and investment management expertise in managing assets for Canadian investors. As one of Canada's leading integrated financial services providers, Manulife Investments and its affiliates offer a variety of products and services including segregated fund contracts, mutual funds, annuities and guaranteed interest contracts.
Manulife Financial Corporation is a leading international financial services group that helps people achieve their dreams and aspirations by putting customers' needs first and providing the right advice and solutions. We operate as John Hancock in the United States and Manulife elsewhere. We provide financial advice, insurance, as well as wealth and asset management solutions for individuals, groups and institutions. At the end of 2015, we had approximately 34,000 employees, 63,000 agents, and thousands of distribution partners, serving 20 million customers. At the end of September 2016, we had $966 billion (US$736 billion) in assets under management and administration, and in the previous 12 months we made more than $24.4 billion in benefits, interest and other payments to our customers. Our principal operations are in Asia, Canada and the United States where we have served customers for more than 100 years. With our global headquarters in Toronto, Canada, we trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong. Follow Manulife on Twitter @ManulifeNews or visit www.manulife.com or www.johnhancock.com.
SOURCE Manulife Financial Corporation
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For further information: Media contact: Bev MacLean, Manulife, 416-852-8501, [email protected], @ManulifeNews