John Hancock Investment Management Announces Fee Reduction of 5 basis points for the Disciplined Value Fund
At reduced costs on more than $ 20 billion in AUM this year
TSX / NYSE / PSE: MFC SEHK: 945
BOSTON, September 23, 2021 / PRNewswire / – John Hancock Investment Management, a Manulife Investment Management firm, today announced a 5 basis point (bps) reduction in the advisory fee schedule for its $ 12 billion John Hancock Disciplined Value Fund, in effect October 1, 2021.1 The fund, under-advised by Boston Partners, seeks to outperform over time by limiting the downside risk of falling markets while keeping pace with rising markets. The portfolio management team includes Mark E. Donovan, CFA, David J. Pyle, CFA, Stephanie T. McGirr, David T. Cohen, CFA and Joshua C. White, CFA.
“We are delighted that through the exceptional growth of the fund platform – with a CAGR of over 15% over the past 10 years – we have been able to pass savings on to our shareholders and have reduced fees over more than $ 20 billion in AUM this year only, ”said Andrew G. Arnott, Chief Executive Officer, John Hancock Investment Management, and Chief Wealth and Asset Management Officer, Manulife Investment Management, United States and Europe. “We believe we are well positioned to seize the large cap value opportunity, thanks to the seasoned portfolio management team at Boston Partners, which continues to deliver strong performance to our clients. “
“We continually review the spending of all of our funds to ensure they are competitively priced and that the funds add value to our shareholders; we are very active on this front ”, added Gina A. Walters, responsible for strategy, implementation and innovation, United States and Europe, Manulife Investment Management. “Over the past 10 years, 88% of our current assets have seen their net expense ratios reduced, either due to management actions, such as this permanent decline in advisory fees, or due to asset growth. . “
About John Hancock Investment Management
A Manulife Investment Management company, we serve investors with a unique multi-manager approach, complementing our extensive in-house capabilities with an unrivaled network of specialist asset managers, backed by some of the most rigorous investment oversight in the industry. The result is a diverse range of proven investments by a leading asset manager with a heritage of financial stewardship.
About Manulife Investment Management
Manulife Investment Management is the global wealth and asset management segment of Manulife Financial Corporation. We draw on more than a century of financial stewardship and all of our parent company’s resources to serve individuals, institutions and pension plan members around the world. Based at Toronto, our cutting-edge capacities in public and private markets are reinforced by an investment footprint that covers 18 geographic areas. We complement these capabilities by providing access to a network of unaffiliated asset managers from around the world. We are committed to investing responsibly in all of our activities. We develop innovative global frameworks for sustainable investing, collaborate with the companies in our securities portfolios and maintain a high level of stewardship where we own and operate assets, and we believe in supporting financial well-being through of our workplace pension plans. Today, plan sponsors around the world rely on our pension administration and investment expertise to help their employees plan, save, and experience a better retirement.
From June 30, 2021, assets under management and administration of Manulife Investment Management, including assets under management for other areas of Manulife, totaled 1 trillion Canadian dollars ($ 834 billion). Not all offers are available in all jurisdictions. For more information, please visit manulifeim.com.
1. The total net assets of the John Hancock Disciplined Value Fund were $ 12.15 billion from September 21, 2021.
The compound annual growth rate (CAGR) and assets under management with reductions in the net expense ratio are at 08/31/2021 from ISS Market Intelligence SIMFUND and are based on John Hancock Investment Management retail funds, excluding closed-end funds, money market funds, SMAs, ETFs, education savings plans , asset allocation models, using net expense ratios from the 2011 to 2020 annual report.
© 2021 John Hancock Investment Management. All rights reserved.
There is no guarantee that an illustrated investment strategy will be successful or achieve a particular level of results. This material is for informational purposes only and is not intended to be, nor should it be construed or construed as, a recommendation or advice, impartial or otherwise, regarding any security, mutual fund, ETF, industry or a clue. Investors should consult their financial professional before making any investment decision.
Clients should carefully consider the investment objectives, risks, fees and expenses of a fund before investing. To request a prospectus or summary prospectus with this and other important information, call us at 800-225-6020, or visit us at jhinvestments.com.
Value stocks can fall in price. Foreign investment, especially in emerging markets, carries additional risks, such as currency and market volatility and political and social instability. Large company stocks could fall out of favor and illiquid securities could be difficult to sell near their value. Please see the fund prospectus for additional risks.
John Hancock Investment Management Distributors LLC, FINRA member, SIPC, 200 Berkeley Street, Boston, Massachusetts, 800-225-6020, jhinvestments.com
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SOURCE John Hancock Investment Management