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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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Multi-asset income: Pursuing high income within a challenged growth outlook

An unconstrained income driven approach across global asset classes can become an attractive strategy in order to capture a sustainable high-income payout within a challenged growth outlook.

A flexible low volatility portfolio aiming for high stable income potential

To strive for a sustainable long-term income distribution, our strategy adopts a differentiated approach of achieving yield, minimising reliance on equity appreciation – primarily seeking yield through fixed income and an option writing strategy.

The typical asset allocation of the portfolio has a relatively low volatility profile, dominated by fixed income credits, low beta equities and an option writing (income generating) structure.

Typical asset allocation (%)1

Fixed income

Equity and equity related securities

Strive for high income potential via multiple sources

For a sustainable long-term income strategy, we strive to achieve higher natural yields (the cash generated from invested income sources) in order to minimise the need to rely on drawing from capital gains or principal capital.

 

Average yield breakdown by asset class (%)1

Aim to generate a stable yield while emphasising downside protection

The tactical use of option-writing is key to our global multi-asset diversified income approach as it may provide a steady income stream potential in both up and down markets.

Option premium collected tends to increase with market volatility, which should be particularly rewarding during periods of market drawdown, when capital payout capabilities may be hampered.

Historical data shows that equity option strategies saw shallower drawdowns than the broad equity market during several market corrections since 2000.

Performance during market volatility2

Manulife Global Multi-Asset Diversified Income Fund

Aims to generate high, stable income through multiple traditional and non-traditional income sources.

Dividend schedule

(The distribution yield 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 expertise

We are the global wealth and asset management segment of Manulife Financial Corporation, we draw on more than 150 years of financial stewardship to partner our clients globally.

25+ years

average investment experience of management team

 

625+

investment experts across asset classes4

 

USD 142.1 billion

AUM of multi-asset solutions5

 

  1. Source: Manulife Investment Management, Barclays Point. As of 30 November 2022. Typical asset allocation and average yield breakdown by asset class are based on the average weightings within the portfolio over past three year. Holdings, sector weightings, market capitalisation and portfolio characteristics are subject to change at any time and are for illustrative and reference purpose only. This information does not constitute, and should not be construed as, investment advice or recommendations with respect to the securities and sectors listed. Yield breakdown by asset class is as of total portfolio yield. The above yield does not represent the distribution yield of the Fund and are not an accurate reflection of the actual return that an investor will receive in all cases. A positive distribution yield does not imply a positive return.
  2. Source: Bloomberg, Morningstar. Equity option strategies refer to 50% CBOE S&P 500 BuyWrite Index and 50% CBOE S&P 500 PutWrite Index. It is not possible to invest directly in an index. No investment strategy or risk management technique can guarantee returns or eliminate risk in any market environment.
  3. 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. Annualized yield = [(1+distribution per unit/exdividend NAV)^distribution frequency]–1, the annualized dividend yield is calculated based on the latest relevant dividend distribution with dividend reinvested, and may be higher or lower than the actual annual dividend yield.
  4. Source: Manulife Investment Management, as of March 31, 2023. Manulife Investment Management’s global investment professional team includes expertise from several Manulife IM affiliates and joint ventures; not all entities represent all asset classes.
  5. Source: Manulife Financial Corporation as of March 31, 2023. AUM includes USD$2.80 billion non-discretionary advice for the Manulife General Account by MAST Index team, and USD$2.22 billion External Clients AUM advised by MAST LDI team, but these funds are managed by other Manulife IM desks. . The methodologies used to compile the total AUM are subject to change.
  6. Source: Manulife Investment Management, as of 31 March 2022. Manulife Investment Management’s global investment professional team includes expertise from several Manulife IM affiliates and joint ventures; not all entities represent all asset classes. 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.

 

 

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