Manulife U.S. Monthly High Income Fund1

as of December 31, 2022
image
Series F

$10.6411
-0.50% (-$0.05)
January 30, 2023
-0.60%
7-Day Performance
January 30, 2023
1.13%
MER
(as at 2021-12-31, includes HST)

Overall Morningstar RatingTM 4

Risk:

Low to Medium

Low
Medium
High

Fund code:

MMF4638

Management

Essential Equity Team

Equity Style Box5

Large
Medium
Small
Value
Blend
Growth
The fund's portfolio is biased toward large-cap growth stocks.

Performance6, Prices & Distributions

as of 12/31/2022
Compare category average:
Effective dateNet Asset Value IncomeCapital gainsTotal distributionsReinvestment price


Annual Distributions 7
IncomeDividendsCapital GainsReturn of CapitalTotal
2021$0.1410$0.0002$1.9448$0.2114$2.2973
2020$0.1483$0.0035$0.6540$0.1995$1.0054
2019$0.1646$0.0029$0.9360$0.1729$1.2764
2017$0.1595$0.0242$0.6265$0.1674$0.9777
2016$0.1361$0.0241$0.1679$0.1810$0.5092
Compare benchmark :
Annual Distributions 7
IncomeDividendsCapital GainsReturn of CapitalTotal
2021$0.14$0.00$1.94$0.21$2.30
2020$0.15$0.00$0.65$0.20$1.01
2019$0.16$0.00$0.94$0.17$1.28
2017$0.16$0.02$0.63$0.17$0.98
2016$0.14$0.02$0.17$0.18$0.51
  •  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
2013201420152016201720182019202020212022
Manulife U.S. Monthly High Income Fund12.163.606.5512.31-2.3021.1316.4922.52-17.41

Compound Returns

% as of 2022-12-31
1 Mth3 Mth6 MthYTD1 Yr3 Yrs5 Yrs10 YrsInception
Manulife U.S. Monthly High Income Fund-1.543.472.32-17.41-17.415.636.88 7.63

Risk Measures

as of 2022-12-31
NamePortfolioBenchmark8
Alpha-0.82
Beta1.27
R-Squared (%)73.21
Sharpe Ratio0.150.22
Sortino Ratio0.600.92
Standard Deviation (%)13.779.67
NamePortfolioBenchmark8
Alpha-2.60
Beta1.29
R-Squared (%)67.77
Sharpe Ratio0.240.46
Sortino Ratio0.881.54
Standard Deviation (%)11.778.47
  • Management Team:
    Essential Equity Team
  • Inception date:
    December 24, 2013
  • AUM9:
    $2.90B
  • CIFSC category:
    Global Neutral Balanced
  • Distribution frequency 7:
    Monthly
  • Distribution yield10:
    2.66%
  • Positions:
    1010
  • Management fee:
    0.83%
  • MER:
    1.13%
  • Min. investment:
    $500 initial; $25 PAC
  • Fund Status:
    Open
  • Risk:
    Low to Medium

Fixed Income Characteristics

as of 2022-12-31
  • Average Credit Quality 11
    A+/A
  • Current Yield
    4.41%
  • Maturity (Years)
    9.40
  • Effective Duration
    6.10
  • Modified Duration
    6.53
  • Yield to Maturity
    5.75%
  • Yield to Worst
    5.73%

Equity Characteristics

as of 2022-12-31
  • P/E Ratio
    29.05
  • P/B Ratio
    4.85
  • P/CF Ratio
    20.49
  • ROE
    29.41%
  • Average Market Cap
    $79.72B
  • Dividend Yield
    1.17%

Portfolio Allocation

as of 2022-11-30
swatchNamevalue
Fixed Income
Equities
Cash and Equivalents
Other
swatchnamevalue
United States
United Kingdom
Ireland
France
Switzerland
Israel
Japan
Netherlands
Mexico
Other
Canada
Luxembourg
Bermuda
Cayman Islands
Italy
Jersey
Australia
China
Argentina
swatchnamevalue
Industrials
Information Technology
Health Care
Utilities
Materials
Financials
Real Estate
Consumer Staples
Consumer Discretionary
Energy
Communication Services
swatchnamevalue
U.S. Mortgage-backed securities
U.S. Investment Grade Bonds
U.S. Government Bonds
U.S. High Yield Bonds
Convertible bonds
Floating Rate Bank Loans
International Investment Grade Bonds
U.S. Asset-backed securities
U.S. Corporate Bonds
U.S. Federal Bonds
Preferred Shares
International High Yield Bonds
International Corporate Bonds
Canadian High Yield Bonds
International Mortgage-backed securities
International Government Bonds
Canadian Investment Grade Bonds
U.S. Municipal Bonds
Canadian Mortgage-backed securities
Bank Loans
International Asset-backed securities
Securitized
Canadian Asset-backed securities
Canadian Corporate Bonds
Mortgage Backed Securities
Asset Backed Securities
International Provincial/State Bonds
0
swatchnamevalue
AAA
AA
A
BBB
BB
B
CCC
CC
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
NA
Between 5.00 and 5.99 years
Between 4.00 and 4.99 years

Top 10 Holdings 12

as of 2022-11-30
NameWeight %
United States Treasury Note, 3%, 8/15/20524.60
United States Treasury Bill, 12/6/20222.99
UNITED STATES TREASUR 4.125000% 15NOV322.13
Danaher Corp. Com1.88
Thermo Fisher Scientific Inc. Com1.85
Cadence Design Systems Inc. Com1.83
Roper Technologies Inc. Com1.82
SBA Communications Corp. REIT Cl A1.82
WEC Energy Group Inc. Com1.80
Cintas Corp. Com1.80
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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
SeriesFELL2LL3DSCNL
Advisor4538496847384438
Advisor - DCA24538249682473824438
F4638
F - DCA24638
FT69927
T69128916893289028
  •  DSC/LL2/LL3 load options are available for switches only and are not available for new purchases.
  •  Series F is generally designed for investors who have a fee-based or wrap account with their dealer. Series F performance is net of fees and expenses. Advisor Series is also available and includes a trailing commission of up to 1.00%.

Related
Fees
  • Management fee
    0.83%
  • MER

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

    1.13%
Management Fee Reduction13
Account/Household Value TiersAll Qualifying Investments
$250K+ to $499K2.50 basis points
$500K+ to $999K5.00 basis points
$1M+ to $4.9M7.50 basis points
$5M+ to $9.9M10.00 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 Â© 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.
  •  Source for all Data: Data Front, as at December 30, 2022.