Manulife Strategic Income Fund

as of May 31, 2022

Series F

$10.9518
+0.24% (+$0.03)
July 4, 2022
+0.11%
7-Day Performance
July 4, 2022
0.89%
MER
(as at 2021-12-31, includes HST)

Overall Morningstar RatingTM 1

Risk:

Low

Low
Medium
High

Fund code:

MMF659

Management

Global Multi-Sector Fixed Income Team

image

Thomas C. Goggins

Thomas C. Goggins is a senior managing director and senior portfolio manager on the Global Multi-Sector Fixed Income Team at Manulife Investment Management. He is responsible for portfolio management, global bond research, security selection and risk management for the company’s global multi-sector ...read more

Thomas C. Goggins is a senior managing director and senior portfolio manager on the Global Multi-Sector Fixed Income Team at Manulife Investment Management. He is responsible for portfolio management, global bond research, security selection and risk management for the company’s global multi-sector fixed income strategies. Prior to joining the company, Tom held positions at Putnam Investments, Transamerica Investments, SAC Capital and Fontana Capital.
35 years of experience

1984

7 years on fund

Performance2, Prices & Distributions

as of 05/31/2022
Compare category average:


Compare benchmark :

Calendar Returns

% as of 2022-05-31

Compound Returns

% as of 2022-05-31

Risk Measures

as of 2022-05-31
  • Management Team:
    Global Multi-Sector Fixed Income Team
  • Inception date:
    January 11, 2007
  • AUM4:
    $10.49B
  • CIFSC category:
    Global Fixed Income
  • Distribution frequency 5:
    Monthly
  • Distribution yield6:
    2.60%
  • Positions:
    604
  • Management fee:
    0.60%
  • MER:
    0.89%
  • Min. investment:
    $500 initial; $25 PAC
  • Fund Status:
    Open
  • Risk:
    Low

Fixed Income Characteristics

as of 2022-05-31
  • Average Credit Quality 7
    BBB+/BBB
  • Current Yield
    3.84%
  • Maturity (Years)
    7.13
  • Effective Duration
    4.19
  • Modified Duration
    4.63
  • Yield to Maturity
    4.64%
  • Yield to Worst
    4.56%

Portfolio Allocation

as of 2022-04-30
swatchNamevalue
Fixed Income
Cash and Equivalents
Equities
Other
swatchnamevalue
United States
Canada
Indonesia
Luxembourg
United Kingdom
Norway
Australia
Mexico
Netherlands
Other
China
Ireland
Brazil
Germany
Japan
Singapore
Malaysia
Philippines
Colombia
swatchnamevalue
Utilities
Financials
Information Technology
Health Care
Industrials
Real Estate
Energy
swatchnamevalue
International Government Bonds
U.S. High Yield Bonds
U.S. Investment Grade Bonds
U.S. Government Bonds
Bank Loans
International Investment Grade Bonds
U.S. Corporate Bonds
International Corporate Bonds
International High Yield Bonds
Floating Rate Bank Loans
U.S. Mortgage-backed securities
Canadian Provincial Bonds
Canadian Investment Grade Bonds
Convertible bonds
Canadian Government Bonds
Preferred Shares
Canadian High Yield Bonds
Canadian Mortgage-backed securities
U.S. Asset-backed securities
Canadian Corporate Bonds
International Mortgage-backed securities
Canadian Asset-backed securities
Securitized
U.S. Municipal Bonds
Mortgage Backed Securities
Asset Backed Securities
Canadian Agency Bonds
International Provincial/State Bonds
swatchnamevalue
Currency
International Liquid bonds
International Short-term notes
Canadian Liquid bonds
U.S. Liquid bonds
U.S. Short-term notes
Canadian Short-term notes
Cash
Short-term Notes
Liquid Bonds
swatchnamevalue
AAA
AA
A
BBB
BB
B
CCC
NR (Non-rated)
swatchnamevalue
Less than 1 year
Between 1.00 and 1.99 years
Between 2.00 and 2.99 years
Between 3.00 and 3.99 years
Between 4.00 and 4.99 years
Between 5.00 and 5.99 years
Between 6.00 and 6.99 years
Between 7.00 and 7.99 years
Between 8.00 and 8.99 years
Between 9.00 and 9.99 years
Between 10.00 and 14.99 years
Between 15.00 and 19.99 years
Between 20.00 and 24.99 years
More than 25 years
NA
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Documents
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Know Your Product
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Fund Profile
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Fund Facts
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Prospectus
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Annual Information Form (AIF)
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Financial Statement
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Management Report on Fund Performance (MRFP)
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Passive Foreign Investment Company (PFIC)
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Fund Codes
  • 8 DSC/LL2/LL3 load options are available for switches only and are not available for new purchases.

Related
Fees
  • Management fee
    0.60%
  • MER

    (as at 2021-12-31, includes HST)

    0.89%
Management Fee Reduction9

Title

  • 1 Â© 2021 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
    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. Calculations are based on the funds in each Morningstar category to better measure fund manager skill. The Star Ratings as of May 31, 2022 for the Funds shown and the number of funds within their categories for each period are: Manulife Strategic Income Fund within the Canada Fund Global Fixed Income category: 1 year period, n/a stars & 528 funds, 3 year period, 5 stars & 388 funds, 5 year period, 5 stars & 287 funds, 10 year period, 5 stars & 81 funds. 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. The Overall Star Rating for a fund is a weighted combination of its 3, 5 and 10 year ratings. Overall ratings are adjusted where a fund has less than 5 or 10 years of history. Please refer to www.morningstar.ca for greater detail on the calculation of the Star Ratings.
  • 2 The rate of return shown is used only to illustrate the effects of the compound growth rate and is not intended to reflect future values or returns on investment.
  • 3 The benchmark for this fund is comprised of the Bloomberg Barclays Multiverse Total Return Index (CAD)
  • 4 All classes/series combined. Assets as at May 31, 2022.
  • 5 The payment of distributions is not guaranteed and may fluctuate. If distributions paid by the fund are greater than the performance of the fund, then your original investment will shrink. Distributions should not be confused with a fund’s performance, rate of return, or yield. You may also receive return of capital distributions from a fund. Please consult with your tax advisor regarding the tax implications of receiving distributions. See the fund facts as well as the prospectus for more information on a fund’s distributions policy.
  • 6 Distribution yield is calculated based on prior 12-month rolling average of paid distributions and using average month-end net asset value, per security. The distribution yield excludes any year-end capital gains distributions paid. Distribution yield should not be confused with a fund’s performance or rate of return.
  • 7 The average credit quality (ACQ) rating may change over time. The portfolio itself has not been rated by an independent rating agency. The fund’s underlying investments (except for unrated assets) are rated by designated rating organizations. The ratings generally range from AAA (highest) to D (lowest). Unrated bonds, cash and equivalents are not assigned ratings, and are not included in the ACQ. ACQ does not necessarily reflect the credit and default risks of individual holdings and its potential impact on an overall portfolio. The risk of default increases as a bond's rating decreases, so the ACQ provided is not a statistical measurement of the portfolio's default risk because a simple, weighted average does not measure the increasing level of risk from lower-rated bonds. The ACQ may be lower if cash and equivalents are excluded from the calculation. The ACQ is provided for informational purposes only. Derivative positions are not reflected in the ACQ.
  • 9 Investors with a minimum investment in Manulife mutual funds, Manulife Private Mutual Funds and Manulife Private Investment Pools ("Qualifying Investments") of $250,000, either in a single account or in the aggregate based on the total assets of a financial group, are entitled to receive a reduction in the management fees that apply to their Funds. Such reductions are paid in the form of a distribution to investors (first out of net income and net realized capital gains of the Fund and, thereafter, as a return of capital) and in the form of a rebate to Manulife Corporate Class investors. In both cases, the reductions are automatically reinvested in additional securities of the relevant series. The amount of the distribution or rebate, as applicable, is based on the aggregate amount invested in the Qualifying Investments and begins on the first dollar invested. A financial group includes all accounts belonging to a single investor, their spouse, their respective family members residing at the same address and corporate accounts for which the investor and other members of the financial group beneficially own more than 50% of the corporation’s voting equity. Rates that are listed do not include applicable (HST). A basis point (BPS) is a unit that is equal to 1/100th of 1 per cent.
  • 10 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 securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Manulife Funds are managed by Manulife Investment Management Limited (formerly named Manulife Asset Management Limited). Manulife Investment Management is a trade name of Manulife Investment Management Limited. Manulife, Manulife Investment Management, the Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
  • 11 Source for all Data: Data Front, as at May 31, 2022.