Overview

Quick Facts

Daily Price

$19.88
-0.87% (-$0.17)
March 22, 2019
7-Day Performance 0.12%
Inception date March 22, 2012
CIFSC category Canadian Focused Equity
AUM2 $536.15 million
MER 2.30% (as at 2018/04/30, 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. This effort is complemented by an evaluation of the unique strengths of each business in relation to its competitors. Emphasis is placed on businesses with strong track records of allocating capital.

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. The fund aims to provide investors with a portfolio of Canadian and U.S. dividend paying diversified businesses, which in aggregate have high and stable profitability, minimal financial leverage and at an attractive valuation. The outcome is a portfolio of securities that together create value at a pace faster than the benchmark. The fund is ideal for clients looking for long term growth and tax efficient monthly income.

Fund Details

Investment style Value
Distribution frequency3 Annual
Distribution Yield4 -0.24%
Management fee 1.83%
Positions 100
Risk Medium
Min. investment $500.00 initial; $25.00 PAC
Sub-advisor Manulife Asset Management Limited
Fund Status Open

Fund Characteristics as of January 31, 2019

Valuation/Growth Portfolio
Active Share 64.30%
Dividend Yield 2.18%
Market Cap ($B)5 $52,873.00

Fund Codes (MMF)

Series FE LL DSC
Advisor Series 8545 8745 8445
Series T6 9107 9108 9106

Performance6

Growth of $10,000 since inception

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
4.21 4.29 0.94 11.67 8.07 11.67 9.82 11.47
1 month 4.21
3 months 4.29
6 months 0.94
YTD 11.67
1 year 8.07
3 years 11.67
5 years 9.82
10 years
Inception 11.47

Calendar Returns (%)

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
24.41 18.87 -1.10 15.40 12.68 -4.54
2009
2010
2011
2012
2013 24.41
2014 18.87
2015 -1.10
2016 15.40
2017 12.68
2018 -4.54

Portfolio Allocation as of January 31, 2019

Asset Allocation (%)

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

Equities 88.12
Cash and equivalents 11.39
Fixed income 0.49

Geographic Allocation (%)

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

Canada 64.21
United States 33.86
Bermuda 1.93

Sector Allocation (Equities) (%)

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

Industrials 25.05
Financials 19.00
Information technology 13.15
Health care 11.12
Energy 5.79
Consumer discretionary 5.72
Real Estate 5.44
Utilities 5.22
Consumer staples 4.72
Telecommunication services 3.35
Materials 1.44

Top 10 Holdings7 (%)

Name Weight %
Waste Connections, Inc. 3.97
Toronto-Dominion Bank 3.94
Roper Technologies, Inc. 3.90
Thermo Fisher Scientific Inc. 3.90
Gov. of Canada Treasury Bill, 2/7/2019 3.47
Canadian Pacific Railway Limited 3.26
Amphenol Corporation 3.09
Becton Dickinson & Co., 6.125% 3.00
Brookfield Asset Management Inc. 2.49
Canadian National Railway Company 2.44

Distributions

Effective Date Net Asset Value Income Capital Gain Total Distribution Reinvestment Price
2019/03/22 $19.88
2019/03/21 $20.05
2019/03/20 $19.90
2019/03/19 $19.95
2019/03/18 $19.98
2019/03/15 $19.92
2019/03/14 $19.85
2019/03/13 $19.86
2019/03/12 $19.81
2019/03/11 $19.80
2019/03/08 $19.66
2019/03/07 $19.71
2019/03/06 $19.77
2019/03/05 $19.78
2019/03/04 $19.79
2019/03/01 $19.81
2019/02/28 $19.72
2019/02/27 $19.71
2019/02/26 $19.64
2019/02/25 $19.64
2019/02/22 $19.59
2019/02/21 $19.53
2019/02/20 $19.57
2019/02/19 $19.49
2019/02/15 $19.47
2019/02/14 $19.30
2019/02/13 $19.27
2019/02/12 $19.27
2019/02/11 $19.10
2019/02/08 $19.13
2019/02/07 $19.11
2019/02/06 $19.14
2019/02/05 $19.14
2019/02/04 $19.03
2019/02/01 $18.96
2019/01/31 $18.92
2019/01/30 $18.85
2019/01/29 $18.71
2019/01/28 $18.68
2019/01/25 $18.74
2019/01/24 $18.64
2019/01/23 $18.56
2019/01/22 $18.51
2019/01/21 $18.60
2019/01/18 $18.63
2019/01/17 $18.45
2019/01/16 $18.32
2019/01/15 $18.27
2019/01/14 $18.21
2019/01/11 $18.21
2019/01/10 $18.20
2019/01/09 $18.09
2019/01/08 $17.91
2019/01/07 $17.78
2019/01/04 $17.63
2019/01/03 $17.31
2019/01/02 $17.58
2018/12/31 $17.66
2018/12/28 $17.54
2018/12/27 $17.51
2018/12/24 $16.90
2018/12/21 $17.17
2018/12/20 $17.42
2018/12/19 $17.69
2018/12/18 $17.83
2018/12/17 $17.76
2018/12/14 $18.07
2018/12/13 $18.30
2018/12/12 $18.32
2018/12/11 $18.21
2018/12/10 $18.24
2018/12/07 $18.26
2018/12/06 $18.53
2018/12/05 $18.69
2018/12/04 $18.63
2018/12/03 $18.99
2018/11/30 $18.91
2018/11/29 $18.82
2018/11/28 $18.84
2018/11/27 $18.48
2018/11/26 $18.50
2018/11/23 $18.41
2018/11/22 $18.38
2018/11/21 $18.44
2018/11/20 $18.25
2018/11/19 $18.49
2018/11/16 $18.71
2018/11/15 $18.65
2018/11/14 $18.56
2018/11/13 $18.67
2018/11/12 $18.67
2018/11/09 $18.85
2018/11/08 $18.90
2018/11/07 $18.88
2018/11/06 $18.71
2018/11/05 $18.65
2018/11/02 $18.60
2018/11/01 $18.65
2018/10/31 $18.53
2018/10/30 $18.40
2018/10/29 $18.18
2018/10/26 $18.30
2018/10/25 $18.39
2018/10/24 $18.29
2018/10/23 $18.57
2018/10/22 $18.74
2018/10/19 $18.74
2018/10/18 $18.72
2018/10/17 $18.92
2018/10/16 $18.93
2018/10/15 $18.63
2018/10/12 $18.70
2018/10/11 $18.52
2018/10/10 $18.72
2018/10/09 $19.13
2018/10/05 $19.25
2018/10/04 $19.27
2018/10/03 $19.37
2018/10/02 $19.42
2018/10/01 $19.49
2018/09/28 $19.51
2018/09/27 $19.56
2018/09/26 $19.50
2018/09/25 $19.52

Management

Conrad Dabiet
Alan Wicks
Chris Hensen
Jonathan Popper

Management Fee Reduction8

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