Portfolio managers Howard
Greene and Jeff Given bring
more than 50 years of combined experience to their disciplined
investment process
TSX/NYSE/PSE: MFC SEHK: 945
BOSTON, Oct. 18, 2019 /PRNewswire/ - John Hancock
Investment Management today announced the expansion of its suite of
fixed-income funds managed by the veteran portfolio management team
of Howard Greene and Jeffrey Given. The team at Manulife Investment
Management1, John Hancock Investment Management's
affiliated asset manager, now manages John Hancock Short Duration
Bond Fund in addition to its highly rated John Hancock Bond and John Hancock Investment
Grade Bond funds. A version of the Bond and Investment Grade Bond
strategies are also now available as separately managed accounts to
give additional flexibility to financial advisors and their
clients. Together, Howard and Jeff bring more than 50 years of
combined investment experience to overseeing the funds.
"Discipline is key, especially in an uncertain economic
environment," said Howard. "We're staying focused on fundamentals
and trying to avoid unnecessary turnover—we've consistently moved
more incrementally than some of our peers."
Jeff added, "Overall, our investment process strives to creates
a high degree of transparency. We think that's important both in
helping to control risk in the portfolio and ultimately in giving
investors the kind of ballast they're often looking for in a
fixed-income allocation."
John Hancock Bond and Investment
Grade Bond Funds are both five-star Morningstar rated funds; that's
relative to the 631 funds in the intermediate core-plus bond
category and 409 funds in the intermediate core bond category,
respectively.2 John Hancock Short Duration Bond Fund is
not yet rated as it began operations on July
16, 2019.
"Investors are concerned about interest rates, tariffs and
trade, and how to position their portfolios," said Andrew G. Arnott, president and CEO of John
Hancock Investment Management and head of Wealth and
Asset Management, United States
and Europe, for Manulife
Investment Management. "We're pleased to be able to offer a full
suite of fixed-income solutions from a veteran team, so that
advisors can build a portfolio custom-suited to their clients'
particular needs."
The suite
|
Fund
(Class I)
|
Net
expense
ratio (%)
|
Fund
inception
|
Morningstar
Ratings™2
As of
9/30/19 Intermediate Core-Plus
BondIntermediate Core-Plus Bond category
|
|
Overall
|
3
year
|
5
year
|
10
year
|
|
John
Hancock
Bond Fund
(JHBIX)
|
0.49
|
11/9/73
|
★★★★★
Of
631
funds
|
★★★★
Of
538
funds
|
★★★★
Of
448
funds
|
★★★★★
Of
332
funds
|
|
|
Strategy
|
- Intermediate
core-plus bond
- Income
potential
Pursuing a variety of opportunities offered primarily by U.S.
government, agency, and corporate bonds
- Risk
management
Broad diversification, sector allocation, issue selection, and
yield curve positioning
- Quality
portfolio
Investing at least 75% of assets in investment-grade
bonds
|
|
Fund
(Class I)
|
Net
expense
ratio (%)
|
Fund
inception
|
Morningstar
Ratings™2
As of
9/30/19 Intermediate Core Bond category
|
|
Overall
|
3
year
|
5
year
|
10
year
|
|
John
Hancock
Investment
Grade Bond
Fund (TIUSX)
|
0.49
|
12/31/91
|
★★★★★
Of
409 funds
|
★★★★
Of
355 funds
|
★★★★
Of
311 funds
|
★★★★★
Of
237 funds
|
|
|
Strategy
|
- Intermediate
core bond
- Diversified bond
portfolio
Investing in
corporate bonds from a range of sectors, as well as U.S. government
securities
- A conservative
approach
Pursuing income
opportunities in high-quality, medium maturity securities
- Quality
portfolio
All securities in
the fund must be investment grade rated at the time of
purchase
|
|
Fund
(Class I)
|
Net
expense
ratio (%)
|
Fund
inception
|
Morningstar
Ratings™2
|
|
Overall
|
3
year
|
5
year
|
10
year
|
|
John
Hancock
Short
Duration
Bond Fund
(JSNIX)
|
0.40
|
7/16//19
|
Not
rated
|
-----
|
-----
|
-----
|
|
|
Strategy
|
- Short-term
bond
- Short
duration
Seeks to maintain
an average duration of less than three years, which offers a buffer
against rising interest rates
- Diverse
opportunities
Pursues a
variety of opportunities offered primarily by U.S. government,
agency, and corporate bonds
- Quality
portfolio
Invests at least
65% of assets in investment-grade bonds and other high-quality
assets
|
To find more information about John Hancock Investment
Management, and to compare these funds with others in their
categories, please visit https://www.jhinvestments.com/login
Investing involves risks, including the potential loss of
principal.
About John Hancock Investment Management
John Hancock has helped
individuals and institutions build and protect wealth since 1862.
Today, we're one of the strongest and most-recognized financial
brands. John Hancock Investment Management, a company of Manulife
Investment Management, serves investors globally through a unique
multimanager approach: We search the world to find proven portfolio
teams with specialized expertise for every strategy we offer, then
we apply robust investment oversight to ensure they continue to
meet our uncompromising standards and serve the best interests of
our shareholders. Our approach to asset management has led to a
diverse set of investments deeply rooted in investor needs, along
with strong risk-adjusted returns across asset classes.
About Manulife Investment Management
Manulife Investment Management is the global wealth and asset
management segment of Manulife Financial Corporation. We draw on
more than 150 years of financial stewardship to partner with
clients across our institutional, retail, and retirement businesses
globally. Our specialist approach to money management includes the
highly differentiated strategies of our fixed-income, specialized
equity, multi-asset solutions, and private markets teams—along with
access to specialized, unaffiliated asset managers from around the
world through our multimanager model. Our personalized, data-driven
approach to retirement is focused on delivering financial wellness
in retirement plans of all sizes to help plan participants and
members retire with dignity.
Headquartered in Toronto, we
operate as Manulife Investment Management throughout the world,
with the exception of the United
States, where the retail and retirement businesses operate
as John Hancock Investment Management and John Hancock, respectively; and in Asia and Canada, where the retirement business operates
as Manulife. Manulife Investment Management had C$844 billion (USD $645
billion) in assets under management and administration as of
June 30, 20193. Not all
offerings available in all jurisdictions. For additional
information, please visit our website at
manulifeinvestmentmgt.com.
|
1.
|
Manulife Investment
Management's investment management business has approximately
US$386B billion1 in assets under management, as of June
30, 2019, which includes assets managed by Manulife Investment
Management on behalf of external clients, the Insurance business
and other affiliated businesses, as well as US$430M of unfunded
committed capital of HCIM. The methodologies used to compile the
total assets under management are subject to change.
|
|
2.
|
For each managed
product, including mutual funds, variable annuity and variable life
subaccounts, exchange-traded funds, closed-end funds, and separate
accounts, with at least a 3-year history, Morningstar calculates a
Morningstar Rating™ based on a Morningstar Risk-Adjusted Return
that accounts for variation in a fund's monthly excess performance,
placing more emphasis on downward variations and rewarding
consistent performance. Exchange-traded funds and open-end mutual
funds are considered a single population for comparative purposes.
The top 10.0% of funds in each category, the next 22.5%, 35.0%,
22.5%, and bottom 10.0% receive 5, 4, 3, 2, or 1 star(s),
respectively. The overall Morningstar Rating for a managed product
is derived from a weighted average of the performance figures
associated with its 3-, 5-, and 10-year (if applicable) Morningstar
Rating metrics. The rating formula most heavily weights the 3-year
rating, using the following calculation: 100% 3-year rating for 36
to 59 months of total returns, 60% 5-year rating/40% 3-year rating
for 60 to 119 months of total returns, and 50% 10-year rating/30%
5-year rating/20% 3-year rating for 120 or more months of total
returns. Star ratings do not reflect the effect of any applicable
sales load. Morningstar's extended performance rating is calculated
by adjusting the historical total returns of the oldest share class
to reflect the fee structure of a younger share class, and then
compounding the combined record of actual and adjusted performance
into the 3-, 5-, and 10-year time periods necessary to produce
Morningstar Risk Adjusted Returns and a Morningstar Rating.
Extended performance ratings do not affect actual Morningstar
ratings; the overall ratings for multi-share class funds are based
on actual performance only or extended performance only. Once a
share class turns 3 years old, the overall Morningstar Rating will
be based on actual ratings only. Adjusted historical performance is
only an approximation of actual returns, and Morningstar's
calculation methodology may differ from those used by other
entities. Past performance does not guarantee future results. Other
share classes may be rated differently.
|
|
3.
|
MFC financials.
Global Wealth and Asset Management AUMA as of June 30, 2019 was
C$844 billion and includes C$191 billion of assets managed on
behalf of other segments and C$136 billion of assets under
administration.
|
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SOURCE John Hancock Investment Management