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Important Notes:

  1. Manulife Global Fund – Global Multi-Asset Diversified Income Fund (“Manulife Global Multi-Asset Diversified Income Fund” or the “Fund”) invests in a diversified portfolio of equity, equity-related, fixed income and fixed income-related securities of companies and/or governments globally (including emerging markets), which exposes investors to fixed income and equity (including REITs) market risk, and geographic concentration and currency risk.
  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, realised capital gains and/or out of capital of the Fund in respect of Inc share class(es). Dividends may be paid out of realised 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 amounts 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 invests in emerging markets, which may involve increased risks and special considerations not typically associated with investment in more developed markets, such as likelihood of a higher degree of volatility, lower liquidity of investments, political and economic uncertainties, legal and taxation risks, settlement risk, custody risks and currency risks/control.
  4. The Fund’s investment in fixed income and fixed income-related securities, as well as cash and cash equivalents, is subject to high yield bonds risk, credit/counterparty risk, interest rate risk, sovereign debt risk, valuation risk and credit rating and downgrading risk.
  5. 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.
  6. Investment involves risk. The Fund may expose its investors to capital loss. Investors should not make decisions based on this material alone and should read the offering document for details, including the risk factors, charges and features of the Fund and its share classes.
  7. Given RMB is currently not a freely convertible currency, payment of redemptions and/or dividend payment in RMB may be delayed due to the exchange controls and restrictions applicable to RMB. As offshore RMB (CNH) will be used for the valuation of RMB denominated Class(es), CNH rate may be at a premium or discount to the exchange rate for onshore RMB (CNY) and there may be significant bid and offer spreads and thus the value of the RMB denominated Class(es) will be subject to fluctuation. Any devaluation of RMB could adversely affect the value of investors’ investments in the RMB denominated Class(es) of the Fund.
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How to navigate through a low rate environment

In today’s low rate environment, investors are looking for higher yields in addition to steady incomes in their portfolios. To meet these goals, an increasing number of investors are choosing non-traditional income assets, such as preferred securities, real estate investment trusts (REITs) and equity option strategies.

These non-traditional assets can be beneficial because they provide relatively higher yields and have lower correlation to other assets. We believe using a multi-asset allocation approach, which includes a mix of bonds and equities, can help investors create solid and stable income. This approach may also add a defensive tilt to the portfolio during market stress periods.

Traditional and non-traditional asset classes

Capture more income sources with a broad investment universe

Asset performance and yields can fluctuate in different economic cycles. Investors can broaden their investment universe within bonds and equities which in turn provide low correlated income sources and also increase overall yield stability.

Yields of each income asset per annum (2004 - 2019)1, 2

Fixed income

Equity and equity related securities

Flexible and diversified allocation

A wide range of asset classes across different investment styles and regions, together with a flexible investment strategy, opens up income opportunities. A mix of asset with low correlation can provide diversification benefits and potentially improved risk adjusted returns.

Traditional and non-traditional income sources tend to be less correlated3

Provide a potential downside buffer through equity option strategies

Based on historical data, while equities generally provide higher returns over time, they have higher volatility than bonds. Investors can use equity option strategies to potentially gain high yields through premiums while managing the risk in equities and also reduce volatility in their investments. This strategy is helpful in providing a downside buffer during periods of market stress.

During several market corrections since 2000, equity option strategies have proven to provide a downside buffer with the decline lower than the broad US equity market. This has become an important and popular risk management tool and has been widely adopted by many institutional investors.

Performance during market volatility4

Manulife Global Multi-Asset Diversified Income Fund

Aims to generate high, stable income through multiple income sources.

Dividend schedule

(The distribution amount is not guaranteed. Distribution may be paid out of capital. Refer to Important Note 2.)

*Applicable to AA (USD) MDIST (G) Share class. A positive distribution yield does not imply a positive return.

Manulife Investment Management 's investment expertise

Manulife Investment Management has more than a hundred years’ history of investing assets for Manulife’s insurance business since 1860s.

26 years

Average investment experience of management team

 

600+6

investment experts across asset classes

 

USD 164.5 billion7

in AUM of multi-asset solutions

 

  1. This material is for illustration purposes only, and is not guaranteed for future return. It is provided for reference only and subject to change. Positive distribution yield does not imply positive return.
  2. Source: Manulife Investment Management, Bloomberg, MSCI, as at 30 June 2021. IG corp bond refers to J.P. Morgan US Investment Grade Index, EM bond refers to J.P. Morgan EMBI Global Index, HY Corp bond refers to BBgBarc Global High Yield Corp Index, Preferred securities refer to ICE BofAML Fixed Rate Preferred Securities Index, Global equities refers to MSCI World Index, Global REITs refers to FTSE EPRA/NAREIT Index, Equity option strategies refer to CBOE S&P 500 30 Delta BuyWrite Index and CBOE S&P 500 PutWrite Index.
    Typical yield per annum is based on historical yields in 2004 – 2019, with exception of Equity option strategies, which is based on proprietary research during 2008 – 2019 by data from Manulife Investment Management. Information is for reference only and no guarantee of future results and is not recommendation to buy and sell. The lastest yield per annum of IG corp bond, HY corp bond, EM bond, preferred securities, global equities and global REITs are 2.1%, 4.4%, 4.9%, 4.1%, 1.7% and 3.3% respectively as of 30 June 2021. Equity option strategies yield is updated until 2019 since data is not available. The chart provides pre-pandemic historical yield information and for illustration purpose only.
  3. Source: Bloomberg, correlation coefficient is calculated based on weekly performance from June 2006 to June 2021. Correlation ranges from +1 (perfect positive correlation) to -1 (perfect negative correlation). Relatively low correlation refers to correlation coefficients equal to or smaller than 0.5, moderate correlation between 0.5 and 0.75 (inclusive), and relatively high correlation above 0.75. Representative indices of each asset classes: Global REITs measured by FTSE Nareit Global REIT Index, Preferred securities measured by ICE BofAmL Fixed Rate Preferred Securities Index, Equity option strategies measured by 50% CBOE S&P 500 BuyWrite Index and 50% CBOE S&P 500 PutWrite Index, IG corp bond measured by BBgBarc Global Agg Corp Bond Index, HY corp bond measured by BBgBarc Global High Yield Corp Index, EM bond measured by J.P. Morgan EMBI Index, Global equities measured by MSCI AC World Index.
  4. Source: Bloomberg, Morningstar. Equity option strategies refer to 50% CBOE S&P 500 BuyWrite Index and 50% CBOE S&P 500 PutWrite Index. No investment strategy or risk management technique can guarantee returns or eliminate risk in any market environment.
  5. Source: Manulife Investment Management, as of 1 July 2021. For illustrative purposes only. Dividend is not guaranteed. 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 behigher or lower than the actual annual dividend yield. Dividend is not guaranteed.
  6. As of 31 March 2021. Total investment professionals is comprised of individuals from Manulife Investment Management, Manulife-TEDA Fund Management Co. LTD., a 49% joint venture between Manulife Financial and Northern International Trust, part of the Tianjin TEDA Investment Holding Co. Ltd. (TEDA), and Mahindra Manulife Investment Management Private Limited, a 49% joint venture of Manulife and Mahindra AMC. Total also includes investment professionals in private market asset classes of Agriculture/ Timberland, Infrastructure Equity, Private Equity & Credit and Real Estate Equity. Data includes investment professionals from Manulife Asset Management Thailand (MAMT), which, as of 31 March 2021, is no longer part of the Manulife group of companies.
  7. As of 31 March 2021. AUM includes all asset allocation, index and liability driven investing (LDI) assets; $44.77B is invested into other Manulife IM strategies outside MAST. AUM also Includes: (i) $3.31 billion AUM advised by MAST Index team, who determines the rebalancing and cash management an sends trade instructions in the form of recommendation; (ii) $2.54 billion AUM advised by MAST LDI team, who takes care of LDI portfolios asset allocation; (iii) $0.26 billion AUM managed by MAST Asset Allocation team, which are currently excluded from Global WAM and Manulife IM AUM.

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