Overview

Quick Facts

Daily Price

$10.69
0.76% ($0.08)
January 18, 2019
7-Day Performance 1.80%
Inception date September 30, 1997
CIFSC category Canadian Neutral Balanced
AUM2 $8.04 billion
MER 2.02% (as at 2017/12/31, includes HST)

Investment Highlights

The Portfolio Managers use a fundamental, value based investment approach that seeks attractively priced securities that offer the potential for growth and income. Investment analysis is focused on understanding and evaluating the factors that make a company profitable including profit margins, the use of assets, debt levels, revenues and reinvestment opportunities.The fixed income portion of the Fund is managed using a combination of top-down economic research and bottom-up credit analysis to generate above-average long-term returns by identifying “pockets of value” and by minimizing downside risk. The process emphasizes sector allocation, credit quality and security selection, combined with active yield curve management and risk containment.

Why Invest

Managed by the Manulife Value Equity Team all companies are viewed under the same fundamental proprietary lens, using a scalable and repeatable process driven by the team's fundamental beliefs unchanged since the team's founding in 1996. The team's focus is on creating a high returning conglomerate portfolio consisting of diversified businesses to ensure that revenue and earnings come from many different sources. As a result, no single event will have a large negative impact on the portfolio. This fund aims to provide clients exposure to a diversified portfolio of investment grade fixed income and Canadian, U.S and Global dividend-paying business. These companies which in aggregate have high and stable profitability , minimal financial leverage and are priced at an attractive valuation. It The fund has a proven investment strategy focused on buying businesses with sustainable and predictable cash flows, which has led to superior downside protection, strong long term outperformance and outstanding risk adjusted returns.

Fund Details

Investment style Value
Distribution frequency3 Monthly
Distribution Yield4 5.90%
Management fee 1.63%
Positions 355
Risk Low to Medium
Min. investment $500.00 initial; $25.00 PAC
Sub-advisor Manulife Asset Management Limited
Fund Status Open

Fund Codes (MMF)

Series FE LL DSC
Series B 1583 1783 1483
Advisor Series 583 783 483
Series T6 9583 9783 9483

Performance5

Growth of $10,000 over 10 years

Jump to Range Total return for this timeframe

Compound Returns (%)

1 month 3 months 6 months YTD 1 year 3 years 5 years 10 years Inception
-5.20 -7.48 -4.94 -5.67 -5.67 3.34 5.18 8.01 7.64
1 month -5.20
3 months -7.48
6 months -4.94
YTD -5.67
1 year -5.67
3 years 3.34
5 years 5.18
10 years 8.01
Inception 7.64

Calendar Returns (%)

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
22.30 8.66 1.36 7.52 15.87 16.48 0.11 5.77 10.62 -5.67
2009 22.30
2010 8.66
2011 1.36
2012 7.52
2013 15.87
2014 16.48
2015 0.11
2016 5.77
2017 10.62
2018 -5.67

Portfolio Allocation as of November 30, 2018

Asset Allocation (%)

See following table for detailed information. The pie slices display the relative value of each table entry.

Equities 60.77
Fixed income 25.25
Cash and equivalents 13.98

Geographic Allocation (%)

See following table for detailed information. The pie slices display the relative value of each table entry.

Canada 70.15
United States 26.59
Bermuda 2.54
Denmark 0.72

Sector Allocation (Equities) (%)

See following table for detailed information. The pie slices display the relative value of each table entry.

Financials 22.41
Consumer discretionary 14.96
Information technology 13.15
Telecommunication services 12.94
Consumer staples 10.09
Industrials 8.28
Real Estate 6.19
Energy 5.87
Health care 3.09
Utilities 2.19
Materials 0.83

Fixed Income Allocation (%)

See following table for detailed information. The pie slices display the relative value of each table entry.

Canadian investment grade bonds 61.30
Canadian corporate bonds 12.51
Canadian government bonds 12.25
Floating rate bank loans 9.63
Canadian provincial bonds 2.98
U.S. investment grade bonds 0.75
Canadian agency bonds 0.30
Mortgage-backed securities 0.27

Top 10 Holdings6 (%)

Name Weight %
BCE Inc. 5.37
Alimentation Couche-Tard Inc. 2.90
TELUS Corporation 2.57
The Progressive Corporation 2.52
Brookfield Property Partners L.P. 2.48
FedEx Corporation 2.27
CI Financial Corp 2.25
Comcast Corporation 2.16
Brookfield Asset Management Inc. 2.14
Mastercard Incorporated 2.14

Distributions

Effective Date Net Asset Value Income Capital Gain Total Distribution Reinvestment Price
2019/01/18 $10.69
2019/01/17 $10.61
2019/01/16 $10.57
2019/01/15 $10.54
2019/01/14 $10.51
2019/01/11 $10.52
2019/01/10 $10.50
2019/01/09 $10.47
2019/01/08 $10.44
2019/01/07 $10.38
2019/01/04 $10.32
2019/01/03 $10.20
2019/01/02 $10.27
2018/12/31 $10.28
2018/12/28 $10.24
2018/12/27 $10.23
2018/12/24 $10.01
2018/12/21 $10.10 0.0121 0.3095 0.3216
2018/12/20 $10.54
2018/12/19 $10.64
2018/12/18 $10.73
2018/12/17 $10.73
2018/12/14 $10.84
2018/12/13 $10.90
2018/12/12 $10.93
2018/12/11 $10.90
2018/12/10 $10.92
2018/12/07 $10.96
2018/12/06 $11.08
2018/12/05 $11.14
2018/12/04 $11.12
2018/12/03 $11.24
2018/11/30 $11.19 0.0600 0.0600
2018/11/29 $11.24
2018/11/28 $11.24
2018/11/27 $11.12
2018/11/26 $11.13
2018/11/23 $11.08
2018/11/22 $11.07
2018/11/21 $11.07
2018/11/20 $11.03
2018/11/19 $11.15
2018/11/16 $11.22
2018/11/15 $11.20
2018/11/14 $11.19
2018/11/13 $11.22
2018/11/12 $11.22
2018/11/09 $11.29
2018/11/08 $11.30
2018/11/07 $11.28
2018/11/06 $11.18
2018/11/05 $11.14
2018/11/02 $11.10
2018/11/01 $11.15
2018/10/31 $11.10
2018/10/30 $11.03
2018/10/29 $10.97
2018/10/26 $10.99 0.0600 0.0600
2018/10/25 $11.12
2018/10/24 $11.08
2018/10/23 $11.20
2018/10/22 $11.25
2018/10/19 $11.28
2018/10/18 $11.28
2018/10/17 $11.34
2018/10/16 $11.36
2018/10/15 $11.24
2018/10/12 $11.25
2018/10/11 $11.17
2018/10/10 $11.24
2018/10/09 $11.41
2018/10/05 $11.43
2018/10/04 $11.49
2018/10/03 $11.56
2018/10/02 $11.57
2018/10/01 $11.57
2018/09/28 $11.59 0.0600 0.0600
2018/09/27 $11.66
2018/09/26 $11.65
2018/09/25 $11.62
2018/09/24 $11.63
2018/09/21 $11.67
2018/09/20 $11.67
2018/09/19 $11.61
2018/09/18 $11.64
2018/09/17 $11.61
2018/09/14 $11.62
2018/09/13 $11.61
2018/09/12 $11.59
2018/09/11 $11.60
2018/09/10 $11.58
2018/09/07 $11.57
2018/09/06 $11.60
2018/09/05 $11.58
2018/09/04 $11.60
2018/08/31 $11.64 0.0600 0.0600
2018/08/30 $11.70
2018/08/29 $11.69
2018/08/28 $11.68
2018/08/27 $11.69
2018/08/24 $11.66
2018/08/23 $11.65
2018/08/22 $11.68
2018/08/21 $11.68
2018/08/20 $11.70
2018/08/17 $11.70
2018/08/16 $11.67
2018/08/15 $11.62
2018/08/14 $11.64
2018/08/13 $11.56
2018/08/10 $11.57
2018/08/09 $11.60
2018/08/08 $11.59
2018/08/07 $11.58
2018/08/03 $11.60
2018/08/02 $11.57
2018/08/01 $11.56
2018/07/31 $11.53
2018/07/30 $11.52
2018/07/27 $11.54 0.0600 0.0600
2018/07/26 $11.65
2018/07/25 $11.65
2018/07/24 $11.64
2018/07/23 $11.66
2018/07/20 $11.66

Management

Alan Wicks
Duncan Anderson
Jonathan Popper
Prakash Chaudhari
Terry Carr
Saurabh Moudgil

Management Fee Reduction7

Account/Household Value Tiers All Qualifying Investments
$250K+ to $499K 2.5 basis points
$500K+ to $999K 5 basis points
$1M+ to $4.9M 7.5 basis points
$5M+ to $9.9M 10 basis points
$10M+ 12.5 basis points