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Important Notes:

  1. Manulife Global Fund – USD Income Fund (“Manulife USD Income Fund” or the “Fund”) invests primarily in fixed income securities and fixed income related securities denominated in U.S. Dollar of issuers globally. In meeting its investment objective, the Fund may invest more than 30% of its net assets in issuers located in the United States, which may involve geographical concentration, collateralized/securitised products, sovereign debt, convertible securities, subordinated debt, high-yield bonds, liquidity, credit downgrade, interest rate, credit and rating of investment risks and risks associated with investments in debt instruments with loss-absorption features (including Contingent Convertible Debt Securities).
  2. The relevant distributing class of the Fund does not guarantee distribution of dividends, the frequency of distribution, and the amount/rate of dividends. Dividends may be paid out of income, realized capital gains and/or out of capital of the Fund in respect of Inc share class(es). Dividends may be paid out of realized capital gains, capital and/or gross income while charging all or part of their fees and expenses to capital (i.e. payment of fees and expenses out of capital) in respect of MDIST (G) and R MDIST (G) share class(es). Dividends paid out of capital of the Fund amount to a return or withdrawal of part of the amount of an investor’s original investment or from any capital gains attributable to that original investment, and may result in an immediate decrease in the net asset value per share in respect of such class(es) of the Fund.
  3. The Fund intends to use financial derivative instruments (“FDIs”) for investment, efficient portfolio management and/or hedging purposes.  The use of FDIs exposes the Fund to additional risks, including volatility risk, management risk, market risk, credit risk and liquidity risk.
  4. Investment involves risk.  The Fund may expose its investors to capital loss.  Investors should not base on this material alone to make investment decisions and should read the offering document for details, including the risk factors, charges and features of the Fund and its share classes.
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A Hi-Fi solution to enhance income with stability

Combining Opportunistic Credit, Securitized, and US Government allocations, our High-quality Fixed income solution aims to provide a high, sustainable income opportunity with low volatility. Instead of tilting to a specific fixed income asset which is subject to credit risks (e.g. high yield bonds) or interest rate risks (e.g. treasuries), our unconstrained approach invests across bond sectors, credit qualities and capital structures with the aim to deliver a smoothed investment journey across market cycles.

 


 


 

Dynamic asset allocation to navigate market cycles

For illustrative purposes only.

 

Dynamic asset allocation to navigate market cycles

 


Preferred securities:

Investment grade assets with attractive yields and returns

  • Highest yield among major US IG fixed income sectors
  • Highest 10-year annualized return among major US IG fixed income sectors

Yield and return of major US investment grade fixed income assets1

 

 


Agency MBS: quality yield premium over treasuries

Agency MBS offer higher yield with similar volatility vs UST2

Agency MBS share same credit rating and similar performance with UST2

 

 


Manulife USD Income Fund

Aims to serve as a core pillar of your investment portfolio

  • Aim for a high, consistent distribution yield with an average credit rating of A
  • Dynamic allocations across credit, securitized, and US Treasuries to help deliver a smooth investment journey with a focus on $1,000 par preferreds – our specialty
  • Physical bond implementation with ~100% USD exposure

 

Quality portfolio with balanced rate and credit exposure3

Average A-rated portfolio3

 

 

Dividend schedule

 


 

Fund information

Fund name Manulife Global Fund – USD Income Fund

Investment objective and strategy

The Fund aims to achieve income generation by investing at least 70% of its net assets in fixed income securities and fixed income related securities denominated in U.S. Dollar of issuers globally. The Fund will seek to maintain an average credit rating of investment grade.

Investment manager

Manulife Investment Management (US) LLC

Inception date

29 January 2007

Base currency

USD

Fund size

USD 97.82 million

Benchmark

Bloomberg US Aggregate Bond TR USD Index

Available Share classes

AA (USD) (LU0278409817)

AA (USD) Inc (LU1079480403)

AA (USD) MDIST (G) (LU2208648639)

R (USD) MDIST (G) (LU2699159948)

AA (HKD) (LU1077378633)

AA (HKD) Inc (LU1077379011)

AA (HKD) MDIST (G) (LU2208648803)

R (HKD) MDIST (G) (LU2699160011)

Initial subscription fee

Currently up to 5% of the NAV per Share

Switching charge

Up to 1% of the NAV of the Shares being switched

Management fee

Currently 1.00% p.a.*

Distribution policy

Aims to distribute dividends monthly
(Dividend rate is not guaranteed. Dividends may be paid out of capital. Refer to Important Note 2.)

*As of 30 April 2024

 

 

Manulife Investment Management’s expertise

We are the global wealth and asset management segment of Manulife Financial Corporate, we draw on more than 150 years of financial stewardship to partner our clients globally.

24+ years

investment experience of lead manager

 

153+

investment experts in global fixed income team5

 

USD 171 billion

in AUM of fixed income assets6

 

Opportunities in USD bond

Rick Baker, Client Portfolio Manager, shared his views on USD bond, and how our strategy helps capture the opportunities in the asset class.

 

 

Act now

 

 

 

  1. Source: Bloomberg, as of 31 May 2024. Preferreds represented by ICE BofA US Capital Securities Index. US IG Corp, Agency MBS and US Treasuries represented by Bloomberg indices. The above yield refers to yield-to-maturity and does not represent the distribution yield of the Fund and is not an accurate reflection the actual return that an investor will receive in all cases. For illustrative purposes only. Past Performance is not indicative of future performance.
  2. Source: Bloomberg, as of 31 May 2024. Agency MBS and US Treasuries represented by Bloomberg indices. Performance chart based on monthly data with indices rebased to 100 as of 31 May 2014. Credit rating based on Moody’s. The above yield refers to yield-to-maturity and does not represent the distribution yield of the Fund and is not an accurate reflection the actual return that an investor will receive in all cases. Volatility represented by 10-year annualised standard deviation based on monthly data. For illustrative purposes only. Past Performance is not indicative of future performance.
  3. Source: Manulife Investment Management, as of 31 May 2024. Information about the asset allocation is historical and is not an indication of the future composition. Due to rounding, the total may not be equal to 100%. Diversification or asset allocation does not guarantee a profit nor protect against loss in any market. Sector and credit rating breakdown are subject to change at any time and are for illustrative and reference purpose only.
  4. Manulife Investment Management, as of 3 June 2024. Applicable to AA (USD) MDIST (G) and R (USD) MDIST (G) Class. A positive distribution yield does not imply a positive return. Dividend rate is not guaranteed. Dividends may be paid out of capital. Refer to important note 2. Please note that a positive distribution yield does not imply a positive return. Investors should not make any investment decision solely based on information contained in the table above. You should read the relevant offering document (including the key facts statement) of the fund for further details including the risk factors. Past performance is not indicative of future performance. Annualised yield = [(1+distribution per unit/exdividend NAV)^distribution frequency]–1, the annualised dividend yield is calculated based on the latest relevant dividend distribution with dividend reinvested, and may be higher or lower than the actual annual dividend yield.
  5. Source: Manulife Investment Management, as of 31 December 2023. Manulife Investment Management’s global investment professional team includes expertise from several Manulife IM affiliates and joint ventures; not all entities represent all asset classes.
  6. Source: Manulife Financial Corporation as of 31 December 2023, in USD, unless otherwise noted. AUM excludes liability driven investing (LDI) assets and includes certain equity and fixed income portions of balanced investments. The methodologies used to compile the total assets under management are subject to change. Manulife Investment Management’s global investment professional team includes expertise from several Manulife IM affiliates and joint ventures; not all entities represent all asset classes.

 

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