TORONTO, March 19,
2024 /CNW/ - Manulife Investment Management
Limited has announced changes including management fee reductions
and a fund termination which will affect the following funds in its
mutual fund offering.
Fee Reductions (effective May 1,
2024)
Fund
Name
|
CURRENT
MANAGEMENT
FEE
|
NEW MANAGEMENT
FEE
|
Advisor Series/
SeriesT
|
Series F/
Series FT
|
Advisor Series/
SeriesT
|
Series F/
Series FT
|
Manulife Corporate
Bond Fund
|
1.24 %
|
0.70 %
|
1.01 %
|
0.57 %
|
Manulife Canadian
Unconstrained Bond
Fund
|
1.15 %
|
0.60 %
|
1.00 %
|
0.45 %
|
Manulife
Fundamental
Balanced Class
|
1.88 %
|
0.80 %
|
1.68 %
|
0.60 %
|
"At Manulife Investment Management, we continually work to
ensure our funds are priced competitively and are delivering value
to our securityholders," said Jordy
Chilcott, Head of Retail Intermediary Distribution,
Canada, Manulife Investment
Management. "A recent review of our lineup identified an
opportunity to enhance our pricing attractiveness on certain
products."
Fund Termination
Effective on or about July 5, 2024, Manulife Investment
Management Limited will terminate Manulife Global Core Plus Bond
Fund and distribute the proceeds accordingly on that date. This
change will help streamline its platform of actively managed
investments and further its commitment to offering diverse,
strong-performing products to help Canadian investors achieve their
goals.
Prospectus qualified securities of the Manulife Global Core Plus
Bond Fund will no longer be available for new purchases or money in
switches effective as of 4 p.m. ET on March 19,
2024. This includes purchases through automatic investment services
such as pre-authorized chequing plans, dollar-cost averaging, or
automatic rebalancing services. Prior to the termination date,
impacted investors are encouraged to contact their advisor to
discuss the financial and tax implications of this termination and
to discuss options, including how to switch their assets to another
Manulife Investment Management Limited mutual fund that meets their
individual investment needs and circumstances.
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.
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.
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.
About Manulife Investment
Management
Manulife Investment Management is the brand for the global
wealth and asset management segment of Manulife Financial
Corporation. Our mission is to make decisions easier and lives
better by empowering investors for a better tomorrow. Serving more
than 17 million individuals, institutions, and retirement plan
members, we believe our global reach, complementary businesses, and
the strength of our parent company position us to help investors
capitalize on today's emerging global trends. We provide our
clients access to public and private investment solutions across
equities, fixed income, multi-asset, alternative, and
sustainability-linked strategies, such as natural capital, to help
them make more informed financial decisions and achieve their
investment objectives. Not all offerings are available in all
jurisdictions. For additional information, please visit
manulifeim.com.
SOURCE Manulife Investment Management