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BOSTON, April 4,
2023 /PRNewswire/ - John Hancock Investment
Management, a company of Manulife Investment Management, recently
announced changes to the advisory fee schedule for its $2.32 billion Disciplined Value International
Fund effective April 1, 2023. This
yields a 7 basis point management fee reduction across all share
classes based on current asset levels. The fund, which seeks
long-term capital growth, has a 4-star rating from
Morningstar.1 it is subadvised by Boston Partners'
portfolio management team, including Christopher K. Hart, CFA, and Joshua M. Jones, CFA.
"We focus on providing investors access to a family of funds
that offers a high level of diversity in asset class coverage and
in management style," said Andrew G.
Arnott, president and CEO, John Hancock Investment
Management, global head of retail, Manulife Investment Management.
"The price level our customers pay is a very important component,
and we're consistently reviewing our lineup to ensure that we have
competitive pricing versus the industry and, as a result, we've cut
fees on more than $30 billion in AUM
to benefit shareholders over the past three years."
Additional information on this fee reduction can be found in
John Hancock Disciplined Value International Fund's latest
prospectus.
To find more information about John Hancock Investment
Management, and to compare this fund with others in its category,
please click here.
Fee reduction data is sourced from John Hancock Investment
Management internal data, 1/1/20 through
4/1/23.
Request a prospectus or summary prospectus from your
financial professional, by calling 800-225-5291, or by
visiting jhinvestments.com. The prospectus includes
investment objectives, risks, fees, expenses, and other
information that you should consider carefully before
investing.
Foreign investing, especially in emerging markets, has
additional risks, such as currency and market volatility and
political and social instability. Value stocks may decline in
price. Hedging and other strategic transactions may increase
volatility and result in losses if not successful. Large company
stocks could fall out of favor, and illiquid securities may be
difficult to sell at a price approximating their value. The stock
prices of small and midsize companies can change more frequently
and dramatically than those of large companies. The fund may invest
its assets in a small number of issuers. Performance could suffer
significantly from adverse events affecting these issuers. Please
see the fund's prospectus for additional risks.
1 Overall rating out of 327 funds in the foreign large
value fund category as of 2/28/23. The fund was rated 5, 4, and
4 stars out of 327, 306, and 187 funds for the 3-, 5-, and
10-year periods, respectively.
All funds may experience periods
of negative performance.
Overall rating is based on 3,5, and 10 year, if applicable.
Morningstar risk adjusted returns and accounts for variation in a
fund's monthly performance. For each managed product, including
mutual funds, variable annuity and variable life subaccounts,
exchange-traded funds, closed-end funds, and separate accounts,
with at least a 3-year history, Morningstar calculates a
Morningstar Rating™ based on a Morningstar Risk-Adjusted Return
that accounts for variation in a fund's monthly excess performance,
placing more emphasis on downward variations and rewarding
consistent performance. Exchange-traded funds and open-end mutual
funds are considered a single population for comparative purposes.
The top 10.0% of funds in each category, the next 22.5%, 35.0%,
22.5%, and bottom 10.0% receive 5, 4, 3, 2, or 1 star(s),
respectively. The overall Morningstar Rating for a managed product
is derived from a weighted average of the performance figures
associated with its 3-, 5-, and 10-year (if applicable) Morningstar
Rating metrics. The rating formula most heavily weights the 3-year
rating, using the following calculation: 100% 3-year rating for 36
to 59 months of total returns, 60% 5-year rating/40% 3-year rating
for 60 to 119 months of total returns, and 50% 10-year rating/30%
5-year rating/20% 3-year rating for 120 or more months of total
returns. Star ratings do not reflect the effect of any applicable
sales load. Morningstar's extended performance rating is
calculated by adjusting the historical total returns of the oldest
share class to reflect the fee structure of a younger share class,
and then compounding the combined record of actual and adjusted
performance into the 3-, 5-, and 10- year time periods necessary to
produce Morningstar Risk-Adjusted Returns and a Morningstar Rating.
Extended performance ratings do not affect actual Morningstar
ratings; the overall ratings for multi-share class funds are based
on actual performance only or extended performance only. Once a
share class turns 3 years old, the overall Morningstar Rating will
be based on actual ratings only. Adjusted historical performance is
only an approximation of actual returns, and Morningstar's
calculation methodology may differ from those used by other
entities. Past performance does not guarantee future results.
© 2023 Morningstar. All Rights Reserved. The information
contained herein: (1) is proprietary to Morningstar and/or its
providers; (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.
John Hancock Investment Management Distributors LLC, Member
FINRA, SIPC, 200 Berkeley Street, Boston, MA
02116, 800-225-5291, jhinvestments.com
Diversification does not guarantee a profit or eliminate
the risk of a loss.
About John Hancock Investment Management
A company of
Manulife Investment Management, we serve investors through a unique
multimanager approach, complementing our extensive in-house
capabilities with an unrivaled network of specialized asset
managers, backed by some of the most rigorous investment oversight
in the industry. The result is a diverse lineup of time-tested
investments from a premier asset manager with a heritage of
financial stewardship.
About Manulife Investment Management
Manulife
Investment Management is the global brand for the global wealth and
asset management segment of Manulife Financial Corporation. We draw
on more than a century of financial stewardship and the full
resources of our parent company to serve individuals, institutions,
and retirement plan members worldwide. Headquartered in
Toronto, our leading capabilities
in public and private markets are strengthened by an investment
footprint that spans 19 geographies. We complement these
capabilities by providing access to a network of unaffiliated asset
managers from around the world. We're committed to investing
responsibly across our businesses. We develop innovative global
frameworks for sustainable investing, collaboratively engage with
companies in our securities portfolios, and maintain a high
standard of stewardship where we own and operate assets, and we
believe in supporting financial well-being through our workplace
retirement plans. Today, plan sponsors around the world rely on our
retirement plan administration and investment expertise to help
their employees plan for, save for, and live a better retirement.
Not all offerings are available in all jurisdictions. For
additional information, please visit manulifeim.com.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED
BY ANY GOVERNMENT AGENCY.
Manulife, Manulife Investment Management, 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.
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SOURCE John Hancock Investment Management