Places them in the top 10 per cent of funds
TSX/NYSE/PSE: MFC SEHK:945
TORONTO, April 21, 2015 /CNW/ - Manulife Investments, a division of
Manulife Asset Management Limited, today announced that three of its
mutual funds, Manulife Dividend Income Fund, Manulife Dividend Income
Class and Manulife Strategic Balanced Yield Fund have attained the
5-Star Morningstar Rating.
"Since these funds were launched in 2012, they have delivered
outstanding risk-adjusted performance. After recently celebrating their
three year anniversary, they were awarded Morningstar's highest star
rating," said Derek Saliba, Assistant Vice President, Manulife
Investments. "The 5-Star Rating is one of the highest ratings in the
industry and is a testament to the strength of their management teams
and how they've delivered for investors."
The 5-Star Morningstar Rating indicates that these funds were ranked top
decile in their respective categories for risk-adjusted returns over a
three year period. The following table illustrates the funds' strong
performance over all time periods, low volatility as measured by
standard deviation, and risk-adjusted returns measured by the Sharpe
Ratio (annualized excess return over the risk-free rate divided by its
annualized volatility) and Sortino Ratio (annualized excess return over
the risk-free rate divided by its annualized downside volatility):
| Since inception return (%)* | 1 year return (%) | % Rank in category | # of funds in category | 3 year return (%)* | % Rank in category | # of funds in category | Standard Deviation (%)* | Sharpe Ratio | Sortino Ratio |
Manulife Dividend Income Fund |
17.25
|
17.31
|
4
|
476
|
17.52
|
2
|
332
|
5.69
|
2.72
|
6.93
|
Manulife Dividend Income Class |
16.57
|
16.95
|
5
|
476
|
16.84
|
3
|
332
|
5.60
|
2.65
|
6.57
|
Manulife Strategic Balanced Yield Fund |
14.83
|
14.62
|
15
|
926
|
15.01
|
6
|
616
|
5.64
|
2.35
|
4.71
|
*Annualized
Since inception date: March 22, 2012.
Source: Morningstar, as at March 31, 2015.
Performance histories are not indicative of future performance.
Manulife Dividend Income Fund and Manulife Dividend Income Class invest
primarily in attractively priced Canadian dividend-paying equities with
added diversification through some exposure to large multinational
firms in the U.S. The combination of an attractive dividend yield,
potential tax efficiency and the long-term growth potential helps make
these strategies appealing to investors. The mutual funds' managers,
Alan Wicks, Jonathan Popper and Conrad Dabiet of Manulife Asset
Management (MAM), utilize a fundamental, bottom-up value based process
that provides the potential for downside protection by focusing on
companies that may produce predictable cash flows, have very low
financial leverage and that have control over their input costs.
Manulife Strategic Balanced Yield Fund offers exposure to a diversified
portfolio consisting primarily of U.S. dividend-paying equities and
global multi-sector bonds. The fund provides a monthly distribution and
utilizes a detailed 7-step research process to seek out both value and
growth companies that may compound cash flows and grow earnings, with
the aim of achieving dividend growth and a yield premium over the
benchmark index. The fund is managed by two experienced teams, on the
equity side, Sandy Sanders, Walter McCormick and Michael Mattioli of
Manulife Asset Management US (LLC) and on the fixed income side, Daniel
Janis, Thomas Goggins and Dennis McCafferty, also of Manulife Asset
Management US (LLC).
The Morningstar Rating is a quantitative assessment of a fund's past
performance, both return and risk, as measured from one to five stars.
It rewards consistent performance and reduces the possibility of strong
short-term performance masking the inherent risk of a fund. For more
information, see www.morningstar.ca
For more information, please visit http://www.manulifemutualfunds.ca/fund-celebration-april/
English: 1-888-588-7999
French: 1-877-426-9991
The Morningstar Rating, commonly referred to as the Star Rating, relates
how a fund has performed on a risk-adjusted basis against its
Morningstar category peers and is subject to change every month. Funds
are ranked by their Morningstar Risk-Adjusted Return scores with the
top 10 per cent receiving 5 stars. The Star Ratings as of March 31,
2015 for the Funds shown and the number of funds within their
categories for each period are: Manulife Dividend Income Fund within
the Canadian Dividend and Income Equity category: 1 year period, 476
funds, 5 stars and 3 year period, 332 funds, 5 stars and Manulife
Dividend Income Class within the Canadian Dividend and Income Equity
category: 1 year period, 476 funds, 5 stars and 3 year period, 332
funds, 5 stars and Manulife Strategic Balanced Yield Fund within the
Global Neutral Balanced category: 1 year period, 926 funds, 5 stars and
3 year period, 616 funds, 5 stars. © 2015 Morningstar, Inc. All Rights
Reserved. The information contained herein: (1) is proprietary to
Morningstar; (2) may not be copied or distributed; and (3) is not
warranted to be accurate, complete or timely. Neither Morningstar nor
its content providers are responsible for any damages or losses arising
from any use of this information. Past performance is no guarantee of
future results. Commissions, trailing commissions, management fees and
expenses all may be associated with mutual fund investments. Please
read the prospectus before investing. The indicated rates of return
are the historical annual compounded total returns including changes in
unit value and reinvestment of all distributions and do not take into
account sales, redemption, distribution or optional charges or income
taxes payable by any securityholder that would have reduced returns.
Mutual funds are not guaranteed, their values change frequently and
past performance may not be repeated. The payment of distributions is
not guaranteed and may fluctuate. If distributions paid by the fund are
greater than the performance of the fund, then your original investment
will shrink. Distributions should not be confused with a fund's
performance, rate of return, or yield. You may also receive return of
capital distributions from a fund. Please consult with your tax
advisor regarding the tax implications of receiving distributions. See
the prospectus for more information on a fund's distributions policy.
About Manulife Investments
Manulife Investments, a division of Manulife Asset Management Limited,
builds on 125 years of Manulife's wealth and investment management
expertise in managing assets for Canadian investors. As one of Canada's
leading integrated financial services providers, Manulife Investments
offers a variety of products and services including segregated fund
contracts, mutual funds, annuities and guaranteed interest contracts.
About Manulife Asset Management
Manulife Asset Management is the global asset management arm of
Manulife, providing comprehensive asset management solutions for
institutional investors and investment funds in key markets around the
world. This investment expertise extends across a broad range of public
and private asset classes, as well as asset allocation solutions. As at
December 31, 2014, assets under management for Manulife Asset
Management were approximately C$321 billion (US$277 billion).
Additional information about Manulife Asset Management may be found at ManulifeAM.com.
About Manulife
Manulife is a leading Canada-based financial services group with
principal operations in Asia, Canada and the United States. We operate
as John Hancock in the U.S. and as Manulife in other parts of the
world. We provide strong, reliable, trustworthy and forward-thinking
solutions for our customers' significant financial decisions. Our
international network of employees, agents and distribution partners
offers financial protection and wealth management products and services
to millions of clients. We also provide asset management services to
institutional customers. Assets under management by Manulife and its
subsidiaries were approximately C$691 billion (US$596 billion) as at
December 31, 2014.
Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE,
and under '945' on the SEHK. Manulife can be found on the Internet at manulife.com
SOURCE Manulife Financial Corporation