TSX/NYSE/PSE: MFC SEHK:
945
BOSTON, July 1, 2021 /PRNewswire/ - John Hancock
Investment Management, a company of Manulife Investment Management,
announced net fee reductions on five funds with a combined
$7.7 billion in assets under
management effective today, ranging from 2 basis points (bps) up to
13 basis points (bps). The reductions reflect contractual
modifications to management fee schedules and/or reimbursement
expenses for the funds and certain management fee waivers according
to asset level breakpoint schedules. These changes pass additional
value to shareholders through the benefit of scale. Over the past
10 years, 87% of John Hancock Investment Management's fund assets
have experienced reductions in net expense ratios, due to either
management actions or asset growth.1
The funds impacted by the net fee reductions are John Hancock
Strategic Income Opportunities fund, subadvised by Manulife
Investment Management; John Hancock Classic Value fund, subadvised
by Pzena Investment Management; John Hancock ESG Large Cap Core
fund, subadvised by Trillium Asset Management; John Hancock
Fundamental All Cap Core fund, subadvised by Manulife Investment
Management; and John Hancock ESG International Equity fund,
subadvised by Boston Common Asset Management.
John
Hancock
Fund
|
AUM
(6/30/21)
|
Ticker
–
Class
I
|
Previous Net
Expense Ratio
|
Reduction
in
Basis Points
(bps)
|
Net Expense
Ratio
effective July 1,
2021
|
Strategic
Income
Opportunities
|
$4.79B
|
JIPIX
|
0.79%
|
2 bps
|
0.77%
|
Classic
Value
|
$2.60B
|
JCVIX
|
0.93%
|
4 bps
|
0.89%
|
ESG Large
Cap Core
|
$170.54M
|
JHJIX
|
0.93%
|
6 bps
|
0.87%
|
Fundamental
All Cap Core
|
$136.18M
|
JFCIX
|
0.97%
|
13 bps
|
0.84%
|
ESG
International
Equity
|
$93.61M
|
JTQIX
|
1.03%
|
6 bps
|
0.97%
|
"We are pleased to be able to offer these pricing
reductions to financial professionals and their
clients. Since 2014, we have lowered fees on more than 50 John
Hancock funds - through 70 strategic pricing reductions2
- and we continuously review our lineup to find additional value
for shareholders and ensure our products are competitively priced
for the market," said Andrew G.
Arnott, CEO, John Hancock Investment Management and head of
wealth and asset management, Manulife Investment Management,
United States and Europe. "As investors look for new sources of
return in traditional portfolios - and ESG investing continues to
build momentum - our goal is to provide more options to them
through our multimanager network that is backed by some of the
most rigorous investment oversight in the industry."
1. Simfund, as
of 5/31/21, includes John Hancock Investment Management retail sold
funds only: ETFs, Open End and Closed End Funds, and Fund of
Funds
|
2. As of 7/1/21,
John Hancock Investment Management – internal data
|
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 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 17 countries and territories. 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.
As of March 31, 2021, Manulife
Investment Management had CAD $764.1
billion (US $607.6 billion) in
assets under management and administration. Not all offerings
are available in all jurisdictions. For additional information,
please visit manulifeim.com.
Request a prospectus or summary prospectus from your
financial professional, by visiting jhinvestments.com or by calling
us at 800-225-5291. The prospectus includes investment objectives,
risks, fees, expenses, and other information that you should
consider carefully before investing.
Investing involves risks, including the potential loss of
principal.
John Hancock Investment Management Distributors LLC
▪ Member FINRA, SIPC
200 Berkeley Street ▪ Boston, MA
© 2021 John Hancock Investment Management. All rights
reserved.
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SOURCE John Hancock Investment Management