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Manulife U.S. Unconstrained Bond Fund Advisor Series

High Yield Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2020, 2019, 2018

Click for more information on Fundata’s FundGrade

NAVPS
(05-24-2024)
$8.53
Change
$0.00 (-0.03%)

As at April 30, 2024

As at March 31, 2024

Period
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Legend

Manulife U.S. Unconstrained Bond Fund Advisor Series

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Fund Returns

Inception Return (July 02, 2013): 3.88%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund -0.70% 0.15% 7.33% 0.76% 6.39% 3.08% 0.31% 3.44% 2.14% 2.59% 2.60% 3.76% 3.52% 3.43%
Benchmark 0.55% 3.28% 8.20% 4.71% 10.33% 8.77% 3.34% 4.51% 3.12% 4.18% 3.35% 5.49% 5.30% 5.68%
Category Average -0.86% 7.34% 7.34% 0.69% 6.00% 2.76% 0.06% 3.64% 1.99% 2.27% 2.19% 3.05% 2.45% 2.45%
Category Rank 165 / 294 236 / 294 188 / 294 187 / 294 162 / 288 170 / 285 168 / 276 189 / 269 159 / 262 137 / 243 107 / 230 92 / 196 69 / 185 68 / 169
Quartile Ranking 3 4 3 3 3 3 3 3 3 3 2 2 2 2

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -0.52% 0.77% 0.97% 0.21% -1.24% -1.04% 3.85% 2.57% 0.61% -0.06% 0.91% -0.70%
Benchmark -1.13% -0.73% 1.08% 2.51% -1.32% 1.59% 2.42% 0.89% 1.39% 1.87% 0.83% 0.55%

Best Monthly Return Since Inception

5.08% (January 2015)

Worst Monthly Return Since Inception

-10.59% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 3.51% 0.05% 15.44% 4.87% -2.74% 11.29% 6.40% 2.78% -10.66% 9.46%
Benchmark 8.91% 14.93% 10.80% 2.96% 5.36% 7.98% 6.14% 0.50% -6.92% 10.36%
Category Average 2.69% -2.71% 9.58% 5.34% -2.63% 9.49% 5.35% 3.21% -10.00% 8.59%
Quartile Ranking 2 1 1 2 3 2 2 3 3 2
Category Rank 76/ 166 44/ 178 39/ 195 108/ 223 133/ 235 102/ 260 75/ 268 197/ 270 189/ 279 135/ 288

Best Calendar Return (Last 10 years)

15.44% (2016)

Worst Calendar Return (Last 10 years)

-10.66% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 83.76
Foreign Bonds - Other 5.94
Cash and Equivalents 5.02
Mortgages 3.38
Canadian Corporate Bonds 1.91
Other -0.01

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 94.64
Cash and Cash Equivalent 5.02
Telecommunications 0.34

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.72
Europe 0.29
Other -0.01

Top Holdings

Top Holdings
Name Percent
US Dollar -
BLCOCN TL B 1L USD 8.67% 05-May-2027 -
VICI Properties LP 4.63% 01-Dec-2024 -
United Airlns P/T Trust 2020-1 4.88% 15-Jul-2027 -
Enbridge Inc 8.50% 15-Oct-2033 -
Post Holdings Inc 4.50% 15-Sep-2031 -
Live Nation Entertainment Inc 4.75% 15-Oct-2027 -
Frontier Florida LLC 6.86% 01-Feb-2028 -
Ally Financial Inc 7.10% 16-Oct-2027 -
Alexander Funding Trust II 7.47% 30-Jun-2028 -

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: S. Average Credit Quality: L.
Period: 

Risk vs Return (3 Yr)

Manulife U.S. Unconstrained Bond Fund Advisor Series

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 6.99% 8.09% 6.98%
Beta 0.71% 0.91% 0.69%
Alpha -0.02% -0.01% 0.00%
Rsquared 0.50% 0.63% 0.47%
Sharpe -0.32% 0.06% 0.32%
Sortino -0.46% -0.09% 0.12%
Treynor -0.03% 0.01% 0.03%
Tax Efficiency - 18.72% -
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 5.14% 6.99% 8.09% 6.98%
Beta 0.49% 0.71% 0.91% 0.69%
Alpha 0.01% -0.02% -0.01% 0.00%
Rsquared 0.18% 0.50% 0.63% 0.47%
Sharpe 0.30% -0.32% 0.06% 0.32%
Sortino 1.42% -0.46% -0.09% 0.12%
Treynor 0.03% -0.03% 0.01% 0.03%
Tax Efficiency 66.99% - 18.72% -

Fund Details

Start Date July 02, 2013
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $248

Fund Codes

FundServ Code Load Code Sales Status
MMF14433
MMF4233
MMF4333
MMF4383
MMF4433
MMF44433
MMF44733
MMF4533
MMF4733

Investment Objectives

The fundamental investment objective of the Fund is to seek to provide long-term total return consisting of income and the potential for capital appreciation by investing primarily in a portfolio of U.S. investment grade and high yield debt securities. The fundamental investment objective of the Fund cannot be changed without the approval of investors who own securities in the Fund.

Investment Strategy

The Fund is actively managed by the portfolio sub-advisor. In order to achieve its investment objective, the portfolio sub-advisor will opportunistically invest across the spectrum of U.S. Treasury and corporate debt securities, of any quality or term In addition, the portfolio sub-advisor will actively manage the fund’s exposure to sectors of the US debt market, including, but not limited to (i) investment grade corporate bonds, (ii) high yield fixed income securities.

Portfolio Manager(s)

Name Start Date
Dennis F. McCafferty 07-02-2013
John Addeo 07-02-2013
Caryn Rothman 02-21-2020

Management and Organization

Fund Manager Manulife Investment Management Limited
Advisor Manulife Investment Management Limited
Custodian RBC Investor Services Trust
Registrar Manulife Investment Management Limited
Distributor -
Auditor Ernst & Young LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 100

Fees

MER 1.59%
Management Fee 1.25%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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