Investments

John Hancock Funding Administration pronounces price reductions on 5 funds with a mixed $7.7B in AUM

TSX/NYSE/PSE: MFC     SEHK: 945

BOSTON, July 1, 2021 /PRNewswire/ – John Hancock Funding Administration, an organization of Manulife Funding Administration, introduced web price reductions on 5 funds with a mixed $7.7 billion in property underneath administration efficient as we speak, starting from 2 foundation factors (bps) as much as 13 foundation factors (bps). The reductions mirror contractual modifications to administration price schedules and/or reimbursement bills for the funds and sure administration price waivers in line with asset stage breakpoint schedules. These modifications cross extra worth to shareholders via the advantage of scale. Over the previous 10 years, 87% of John Hancock Funding Administration’s fund property have skilled reductions in web expense ratios, as a consequence of both administration actions or asset development.1

The funds impacted by the web price reductions are John Hancock Strategic Earnings Alternatives fund, subadvised by Manulife Funding Administration; John Hancock Basic Worth fund, subadvised by Pzena Funding Administration; John Hancock ESG Massive Cap Core fund, subadvised by Trillium Asset Administration; John Hancock Elementary All Cap Core fund, subadvised by Manulife Funding Administration; and John Hancock ESG Worldwide Fairness fund, subadvised by Boston Widespread Asset Administration.

John
Hancock
Fund

AUM
(6/30/21) 

Ticker –

Class I

Earlier Internet
Expense Ratio

Discount in

Foundation Factors (bps)

Internet Expense Ratio
efficient July 1,
2021

Strategic
Earnings
Alternatives

$4.79B

JIPIX

0.79%

2 bps

0.77%

Basic Worth

$2.60B

JCVIX

0.93%

4 bps

0.89%

ESG Massive
Cap Core

$170.54M

JHJIX

0.93%

6 bps

0.87%

Elementary
All Cap Core

$136.18M

JFCIX

0.97%

13 bps

0.84%

ESG
Worldwide
Fairness

$93.61M

JTQIX

1.03%

6 bps

0.97%

“We’re happy to have the ability to supply these pricing reductions to monetary professionals and their shoppers. Since 2014, we now have lowered charges on greater than 50 John Hancock funds – via 70 strategic pricing reductions2 – and we repeatedly assessment our lineup to search out extra worth for shareholders and guarantee our merchandise are competitively priced for the market,” mentioned Andrew G. Arnott, CEO, John Hancock Funding Administration and head of wealth and asset administration, Manulife Funding Administration, United States and Europe. “As traders search for new sources of return in conventional portfolios – and ESG investing continues to construct momentum – our objective is to offer extra choices to them via our multimanager community that’s backed by among the most rigorous funding oversight within the trade.” 

1.  Simfund, as of 5/31/21, contains John Hancock Funding Administration retail offered funds solely: ETFs, Open Finish and Closed Finish Funds, and Fund of Funds

2. As of 7/1/21, John Hancock Funding Administration – inner information

About John Hancock Funding Administration

An organization of Manulife Funding Administration, we serve traders via a singular multimanager method, complementing our in depth in-house capabilities with an unequalled community of specialised asset managers, backed by among the most rigorous funding oversight within the trade. The result’s a various lineup of time-tested investments from a premier asset supervisor with a heritage of monetary stewardship.

About Manulife Funding Administration

Manulife Funding Administration is the worldwide wealth and asset administration phase of Manulife Monetary Company. We draw on greater than a century of monetary stewardship and the total sources of our dad or mum firm to serve people, establishments, and retirement plan members worldwide. Headquartered in Toronto, our main capabilities in private and non-private markets are strengthened by an funding footprint that spans 17 international locations and territories. We complement these capabilities by offering entry to a community of unaffiliated asset managers from around the globe. We’re dedicated to investing responsibly throughout our companies. We develop revolutionary world frameworks for sustainable investing, collaboratively interact with firms in our securities portfolios, and preserve a excessive customary of stewardship the place we personal and function property, and we consider in supporting monetary well-being via our office retirement plans. Right this moment, plan sponsors around the globe depend on our retirement plan administration and funding experience to assist their workers plan for, save for, and stay a greater retirement.

As of March 31, 2021, Manulife Funding Administration had CAD $764.1 billion (US $607.6 billion) in property underneath administration and administration. Not all choices can be found in all jurisdictions. For extra info, please go to manulifeim.com.

Request a prospectus or abstract prospectus out of your monetary skilled, by visiting jhinvestments.com or by calling us at 800-225-5291. The prospectus contains funding goals, dangers, charges, bills, and different info that you must take into account fastidiously earlier than investing.

Investing includes dangers, together with the potential lack of principal.

John Hancock Funding Administration Distributors LLC   ▪   Member FINRA, SIPC

200 Berkeley Road   ▪   Boston, MA

© 2021 John Hancock Funding Administration. All rights reserved. 

SOURCE John Hancock Funding Administration

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