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Manulife U.S. Unconstrained Bond Fund Advisor Series
High Yield Fixed Income
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FundGrade D
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FundGrade A+® Rating Recipient
2020, 2019, 2018
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|
NAVPS (10-09-2026) |
$8.17 |
|---|---|
| Change |
$0.00
(0.04%)
|
As at September 30, 2026
As at August 31, 2026
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Legend
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Fund Returns
Inception Return (July 02, 2013): 3.84%
| Row Heading | Return | Annualized Return | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Mth | 3 Mth | 6 Mth | YTD | 1 Yr | 2 Yr | 3 Yr | 4 Yr | 5 Yr | 6 Yr | 7 Yr | 8 Yr | 9 Yr | 10 Yr | |
| Fund | -2.60% | -2.43% | -0.33% | -1.57% | -1.23% | 1.52% | 4.99% | 5.51% | 1.50% | 2.43% | 2.50% | 2.78% | 2.82% | 3.09% |
| Benchmark | -0.43% | -1.85% | 2.60% | 3.31% | 2.96% | 7.15% | 10.31% | 10.47% | 5.25% | 5.18% | 5.13% | 5.53% | 5.43% | 5.34% |
| Category Average | -1.92% | -1.81% | 0.35% | -0.20% | 0.49% | 3.07% | 6.16% | 6.04% | 2.05% | 3.07% | 2.94% | 3.06% | 2.88% | 3.10% |
| Category Rank | 230 / 259 | 208 / 257 | 193 / 257 | 218 / 255 | 225 / 254 | 218 / 246 | 208 / 243 | 195 / 239 | 180 / 233 | 189 / 223 | 172 / 218 | 155 / 208 | 123 / 189 | 113 / 174 |
| Quartile Ranking | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 |
Monthly Return
| Return % | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -0.23% | 0.26% | 0.31% | 0.20% | -0.11% | -1.34% | 1.51% | 0.57% | 0.06% | -0.56% | 0.74% | -2.60% |
| Benchmark | 0.55% | -0.09% | -0.80% | -0.26% | 0.83% | 0.13% | -0.18% | 1.73% | 2.93% | -1.29% | -0.14% | -0.43% |
Best Monthly Return Since Inception
5.08% (January 2015)
Worst Monthly Return Since Inception
-10.59% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 15.44% | 4.87% | -2.74% | 11.29% | 6.40% | 2.78% | -10.66% | 9.46% | 6.76% | 4.48% |
| Benchmark | 10.80% | 2.96% | 5.36% | 7.98% | 6.14% | 0.50% | -6.92% | 10.36% | 17.23% | 5.59% |
| Category Average | 9.58% | 5.34% | -2.63% | 9.49% | 5.35% | 3.21% | -10.00% | 8.59% | 7.12% | 5.98% |
| Quartile Ranking | 1 | 3 | 3 | 2 | 2 | 4 | 3 | 3 | 3 | 4 |
| Category Rank | 36/ 172 | 103/ 180 | 101/ 191 | 101/ 215 | 67/ 221 | 177/ 226 | 155/ 233 | 128/ 239 | 178/ 245 | 191/ 246 |
Best Calendar Return (Last 10 years)
15.44% (2016)
Worst Calendar Return (Last 10 years)
-10.66% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 94.27 |
| Cash and Equivalents | 4.58 |
| Foreign Government Bonds | 0.52 |
| Foreign Bonds - Other | 0.28 |
| US Equity | 0.18 |
| Other | 0.17 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 95.24 |
| Cash and Cash Equivalent | 4.58 |
| Other | 0.18 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 97.04 |
| Europe | 2.38 |
| Asia | 0.49 |
| Latin America | 0.10 |
| Other | -0.01 |
Top Holdings
| Name | Percent |
|---|---|
| US Dollar | 2.53 |
| Cash and Cash equivalents | 1.86 |
| CCO Holdings LLC 7.38% 01-Mar-2031 | 0.96 |
| ROCKET COS INC 6.13% 01-Aug-2030 | 0.79 |
| DISCOVERY GLOBAL HOLDING 4.28% 15-Mar-2032 | 0.79 |
| Medline Borrower LP 5.25% 01-Oct-2029 | 0.77 |
| ZF North America Capital Inc 6.88% 14-Apr-2028 | 0.77 |
| 1261229 BC Ltd 10.00% 15-Apr-2032 | 0.72 |
| Caesars Entertainment Inc 6.50% 15-Feb-2032 | 0.70 |
| TransDigm Inc 4.88% 01-May-2029 | 0.64 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Manulife U.S. Unconstrained Bond Fund Advisor Series
Median
Other - High Yield Fixed Income
3 Yr Annualized
| Standard Deviation | 3.93% | 5.82% | 6.23% |
|---|---|---|---|
| Beta | 0.30 | 0.59 | 0.65 |
| Alpha | 0.02 | -0.02 | 0.00 |
| Rsquared | 0.11% | 0.40% | 0.42% |
| Sharpe | 0.42 | -0.24 | 0.21 |
| Sortino | 0.81 | -0.30 | 0.05 |
| Treynor | 0.06 | -0.02 | 0.02 |
| Tax Efficiency | 59.21% | - | 32.61% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.65% | 3.93% | 5.82% | 6.23% |
| Beta | 0.15 | 0.30 | 0.59 | 0.65 |
| Alpha | -0.02 | 0.02 | -0.02 | 0.00 |
| Rsquared | 0.03% | 0.11% | 0.40% | 0.42% |
| Sharpe | -0.93 | 0.42 | -0.24 | 0.21 |
| Sortino | -1.22 | 0.81 | -0.30 | 0.05 |
| Treynor | -0.22 | 0.06 | -0.02 | 0.02 |
| Tax Efficiency | - | 59.21% | - | 32.61% |
Fund Details
| Start Date | July 02, 2013 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $616 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| MMF14433 | DSC | Open |
| MMF4233 | LSC | Open |
| MMF4333 | FE | Open |
| MMF4383 | LSC | Open |
| MMF4433 | DSC | Open |
| MMF44433 | DSC | Open |
| MMF44733 | LSC | Open |
| MMF4533 | FE | Open |
| MMF4733 | LSC | Open |
Investment Objectives
The fundamental investment objective of the Fund is to seek to provide long-term total return consisting of income and the potential for capital appreciation by investing primarily in a portfolio of U.S. investment grade and high yield debt securities. The fundamental investment objective of the Fund cannot be changed without the approval of investors who own securities in the Fund.
Investment Strategy
The Fund is actively managed by the portfolio sub-advisor. In order to achieve its investment objective, the portfolio sub-advisor will opportunistically invest across the spectrum of U.S. Treasury and corporate debt securities, of any quality or term In addition, the portfolio sub-advisor will actively manage the fund’s exposure to sectors of the US debt market, including, but not limited to (i) investment grade corporate bonds, (ii) high yield fixed income securities.
Portfolio Management
| Portfolio Manager |
Manulife Investment Management Limited
|
|---|---|
| Sub-Advisor |
Manulife Investment Management (US) LLC
CQS (UK) LLP and CQS (US) LLC
|
Management and Organization
| Fund Manager |
Manulife Investment Management Limited |
|---|---|
| Custodian |
RBC Investor Services Trust |
| Registrar |
Manulife Investment Management Limited |
| Distributor |
- |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 25 |
| PAC Subsequent | 25 |
| SWP Allowed | Yes |
| SWP Min Balance | 5,000 |
| SWP Min Withdrawal | 100 |
Fees
| MER | 1.59% |
|---|---|
| Management Fee | 1.25% |
| Load | Choice of Front or No Load |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 0.50% |
| Trailer Fee Max (DSC) | 0.50% |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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