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Why Invest
Management
Essential Equity Team
Conrad Dabiet
Conrad is a senior portfolio manager for the firm’s essential equity team. The team manages multiple strategies for institutional and retail clients, including Canadian all-cap equity, Canadian large-cap value equity, Canadian focused equity, dividend income, U.S. dividend income, Canadian balanced,...read more
Jonathan Popper
Jonathan is a senior portfolio manager for the firm’s essential equity team. The team manages multiple strategies for institutional and retail clients, including Canadian all-cap equity, Canadian large-cap value equity, Canadian focused equity, dividend income, U.S. dividend income, Canadian balance...read more
Howard Greene
Howard is co-head of the firm’s U.S. core and core-plus fixed-income team and serves as a co-lead portfolio manager for the core and core-plus fixed-income strategies. Prior to joining the company, he spent more than 14 years at Sun Life Financial Services of Canada as a senior vice president for Su...read more
Chris Hensen
Chris is a senior portfolio manager for the firm’s essential equity team. The team manages multiple strategies for institutional and retail clients, including Canadian all-cap equity, Canadian large-cap value equity, Canadian focused equity, dividend income, U.S. dividend income, Canadian balanced, ...read more
Performance6, Prices & Distributions
- The “Growth of $10,000 invested” chart shows the final value of a hypothetical $10,000 investment in securities in this class/series of the fund without any withdrawal as at the end of the investment period indicated. This compound growth chart is for illustrative purposes only and is not intended to reflect future values or returns on investment in such securities.
Calendar Returns
% as of 2022-12-31
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Manulife U.S. Monthly High Income Fund | — | 12.16 | 3.60 | 6.55 | 12.31 | -2.30 | 21.13 | 16.49 | 22.52 | -17.41 |
Compound Returns
% as of 2022-12-31
| 1 Mth | 3 Mth | 6 Mth | YTD | 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs | Inception | |
|---|---|---|---|---|---|---|---|---|---|
| Manulife U.S. Monthly High Income Fund | -1.54 | 3.47 | 2.32 | -17.41 | -17.41 | 5.63 | 6.88 | — | 7.63 |
Risk Measures
as of 2022-12-31
Fixed Income Characteristics
as of 2022-12-31
- Average Credit Quality 11A+/A
- Current Yield4.41%
- Maturity (Years)9.40
- Effective Duration6.10
- Modified Duration6.53
- Yield to Maturity5.75%
- Yield to Worst5.73%
Equity Characteristics
as of 2022-12-31
- P/E Ratio29.05
- P/B Ratio4.85
- P/CF Ratio20.49
- ROE29.41%
- Average Market Cap$79.72B
- Dividend Yield1.17%
Portfolio Allocation
as of 2022-11-30
Top 10 Holdings 12
as of 2022-11-30
| Name | Weight % |
|---|---|
| United States Treasury Note, 3%, 8/15/2052 | 4.60 |
| United States Treasury Bill, 12/6/2022 | 2.99 |
| UNITED STATES TREASUR 4.125000% 15NOV32 | 2.13 |
| Danaher Corp. Com | 1.88 |
| Thermo Fisher Scientific Inc. Com | 1.85 |
| Cadence Design Systems Inc. Com | 1.83 |
| Roper Technologies Inc. Com | 1.82 |
| SBA Communications Corp. REIT Cl A | 1.82 |
| WEC Energy Group Inc. Com | 1.80 |
| Cintas Corp. Com | 1.80 |
Documents
Know Your Product
Fund Profile
Fund Facts
Prospectus
Annual Information Form (AIF)
Financial Statement
Management Report on Fund Performance (MRFP)
Passive Foreign Investment Company (PFIC)
Fund Codes
| Series | FE | LL2 | LL3 | DSC | NL |
|---|---|---|---|---|---|
| Advisor | 4538 | 4968 | 4738 | 4438 | — |
| Advisor - DCA | 24538 | 24968 | 24738 | 24438 | — |
| F | — | — | — | — | 4638 |
| F - DCA | — | — | — | — | 24638 |
| FT6 | — | — | — | — | 9927 |
| T6 | 9128 | 9168 | 9328 | 9028 | — |
Related
The case for core: fixed-income investing in an era of yield scarcity
The most surprising aspect of the bond markets over the past year wasn’t how badly things fell apart—it was how quickly they recovered. We take a closer look at the role core and core plus strategies can play in an era when the “easy money” has already been made.
Read More
Fees
- Management fee0.83%
MER
(as at 2021-12-31, includes HST)
1.13%
Management Fee Reduction13
| Account/Household Value Tiers | All Qualifying Investments |
|---|---|
| $250K+ to $499K | 2.50 basis points |
| $500K+ to $999K | 5.00 basis points |
| $1M+ to $4.9M | 7.50 basis points |
| $5M+ to $9.9M | 10.00 basis points |
| $10M+ | 12.50 basis points |
Title
- 1 On May 25, 2018, the Manulife Unhedged U.S. Monthly High Income Fund merged into the Manulife U.S. Monthly High Income Fund.
- 2 Manulife U.S. Monthly High Income Fund - series F was awarded the 2022 Lipper Fund Award in the Global Neutral Balanced category for the 5 year period out of a total of 157 funds ending July 31, 2022.
- 3 Performance for the fund for the period ended December 31, 2022 is -17.41% (1 year), 5.63% (3 years), 6.88% (5 years), and 7.63% (since inception on December 24, 2013). The corresponding Lipper Leader ratings of the fund for the same period are as follows: N/A (1 year), 5 (3 years) [1687 funds], 5 (5 years) [1422 funds].
- 4 © 2022 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 December 31, 2022 for the Funds shown and the number of funds within their categories for each period are: Manulife U.S. Monthly High Income Fund within the Canada Fund Global Neutral Balanced category: 1 year period, n/a stars & 1612 funds, 3 year period, 5 stars & 1369 funds, 5 year period, 5 stars & 1149 funds, 10 year period, n/a stars & 526 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. - 5 The Equity style box information is determined by Morningstar Research Inc., an independent research firm. Morningstar information contained herein is proprietary to Morningstar and 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. © 2022 Morningstar Research Inc.
- 6 The “Growth of $10,000 invested” chart shows the final value of a hypothetical $10,000 investment in securities in this class/series of the fund without any withdrawal as at the end of the investment period indicated. This compound growth chart is for illustrative purposes only and is not intended to reflect future values or returns on investment in such securities.
- 7 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.
- 8 The benchmark for this fund is comprised of the 60% S&P 500 Total Return Index (CAD) (the “S&P 500 Index”) and 40% Bloomberg Barclays U.S. Aggregate Bond Index (CAD)
- 9 All classes/series combined. Assets as at December 30, 2022.
- 10 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.
- 11 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.
- 12 Holdings are subject to change. They are not recommendations to buy or sell any security.
- 13 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.
- 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.