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Manulife Investments reduces fees on three funds

By The IJ Staff | April 16 2019 09:30AM

Photo: Freepik

Manulife Investments announced that it has lowered management fees for the Manulife Strategic Income Fund, the Manulife U.S. Dollar Strategic Income Fund and the Manulife Strategic Investment Grade Global Bond Fund.

The changes are as follows:

Fund Name

Series

Existing
Management Fee

New
Management Fee

Percentage
Change

Manulife Strategic
Income Fund

Advisor Series &
Series T

1.59%

1.45%

-8.8%

Series F &

Series FT

0.69%

0.60%

-13.0%

Series I &

Series IT**

0.69%

0.60%

-13.0%

Manulife U.S. Dollar
Strategic Income Fund

Advisor Series &
Series T

1.59%

1.45%

-8.8%

Series F &

Series FT

0.69%

0.60%

-13.0%

Series I**

0.69%

0.60%

-13.0%

Manulife Strategic
Investment Grade
Global Bond Fund

Advisor Series &
Series T

1.48%

1.25%

-15.5%

Series F &

Series FT

0.67%

0.50%

-25.4%

Series I**

0.69%

0.52%

-24.6%

**Capped to new purchases as of August 2, 2016. New management fees for Series I and IT will be effective on or
about May 1, 2019. Changes to Series I exclude institutional classes.

The reduction in management fees will have a corresponding impact on the management expense ratio of the funds over time.

"We continuously review our fund lineup to ensure that we are delivering the value that advisors and their clients have come to expect from us," said Bernard Letendre, Head of Wealth and Asset Management, Canada. "I'm very pleased to announce that in our most recent review, we identified an opportunity to improve the attractiveness of our pricing in the Global Fixed Income category which includes one of our flagship products - Manulife Strategic Income Fund."

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