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Manulife U.S. Unconstrained Bond Fund Advisor Series

High Yield Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2020, 2019, 2018

Click for more information on Fundata’s FundGrade

NAVPS
(08-22-2025)
$8.71
Change
$0.03 (0.35%)

As at July 31, 2025

As at June 30, 2025

Period
Created with Highcharts 10.3.3Jan 2014Jan 2015Jan 2016Jan 2017Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025Oct 2022Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Apr 2025Jul 2025Jan 2014Jan 2016Jan 2018Jan 2020Jan 2022Jan 2024$10,000$12,000$14,000$16,000$8,000$18,000$9,000$9,500$10,500$11,000$11,500Period

Legend

Manulife U.S. Unconstrained Bond Fund Advisor Series

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Fund Returns

Inception Return (July 02, 2013): 4.20%

Fund Returns
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 0.25% 2.80% 1.58% 2.64% 5.44% 6.92% 5.30% 1.88% 2.79% 3.11% 3.31% 3.22% 3.75% 3.78%
Benchmark 1.52% 4.11% 0.97% 2.93% 9.96% 13.20% 12.00% 5.55% 4.98% 5.16% 5.45% 5.52% 5.66% 5.65%
Category Average 0.49% 3.34% 2.47% 3.50% 6.34% 7.54% 5.76% 2.09% 3.34% 3.08% 3.26% 3.04% 3.42% 3.29%
Category Rank 206 / 241 200 / 241 198 / 238 182 / 238 193 / 238 192 / 231 188 / 231 169 / 225 182 / 215 146 / 210 128 / 192 107 / 180 93 / 165 81 / 156
Quartile Ranking 4 4 4 4 4 4 4 4 4 3 3 3 3 3

Monthly Return

Created with Highcharts 10.3.3-4%-2%0%2%4%
Monthly Return
Return % Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Fund 1.35% 1.15% -0.65% 0.96% -0.09% 1.05% 0.36% -0.91% -0.64% 1.27% 1.26% 0.25%
Benchmark -0.48% 2.00% 2.26% 0.82% 2.08% 1.94% 0.36% -0.24% -3.14% 1.07% 1.47% 1.52%

Best Monthly Return Since Inception

5.08% (January 2015)

Worst Monthly Return Since Inception

-10.59% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 0.05% 15.44% 4.87% -2.74% 11.29% 6.40% 2.78% -10.66% 9.46% 6.76%
Benchmark 14.93% 10.80% 2.96% 5.36% 7.98% 6.14% 0.50% -6.92% 10.36% 17.23%
Category Average -2.71% 9.58% 5.34% -2.63% 9.49% 5.35% 3.21% -10.00% 8.59% 7.12%
Quartile Ranking 2 1 3 3 2 2 4 3 3 3
Category Rank 39/ 149 32/ 163 98/ 171 97/ 182 101/ 207 62/ 214 174/ 218 147/ 225 129/ 231 174/ 237

Best Calendar Return (Last 10 years)

15.44% (2016)

Worst Calendar Return (Last 10 years)

-10.66% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 87.01
Cash and Equivalents 8.21
Foreign Bonds - Other 3.18
US Equity 0.69
Foreign Government Bonds 0.45
Other 0.46

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 90.71
Cash and Cash Equivalent 8.21
Telecommunications 0.47
Utilities 0.16
Real Estate 0.05
Other 0.40

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
US Dollar 4.81
VENTURE GLOBAL LNG IN FRN 9.00% 31-Dec-2049 1.02
Enbridge Inc 8.50% 15-Oct-2033 1.01
Cash and Cash equivalents 1.00
TWTR TL 1L USD 0.95
Cloud Software Group Inc 9.00% 30-Sep-2029 0.79
Frontier Florida LLC 6.86% 01-Feb-2028 0.77
Match Group Holdings II LLC 4.13% 01-Aug-2030 0.72
Venture Global LNG Inc 9.50% 01-Feb-2029 0.69
1261229 BC Ltd 10.00% 15-Apr-2032 0.69

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: S. Average Credit Quality: L.
Period: 

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return12345678910110%2%4%6%8%10%12%14%16%

Manulife U.S. Unconstrained Bond Fund Advisor Series

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 5.04% 5.81% 6.66%
Beta 0.50% 0.60% 0.65%
Alpha 0.00% 0.00% 0.00%
Rsquared 0.21% 0.41% 0.41%
Sharpe 0.26% 0.07% 0.33%
Sortino 0.69% -0.02% 0.19%
Treynor 0.03% 0.01% 0.03%
Tax Efficiency 63.26% 31.79% 44.47%
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10

Risk Rating

Rating 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 2.92% 5.04% 5.81% 6.66%
Beta 0.17% 0.50% 0.60% 0.65%
Alpha 0.04% 0.00% 0.00% 0.00%
Rsquared 0.10% 0.21% 0.41% 0.41%
Sharpe 0.74% 0.26% 0.07% 0.33%
Sortino 1.34% 0.69% -0.02% 0.19%
Treynor 0.13% 0.03% 0.01% 0.03%
Tax Efficiency 63.44% 63.26% 31.79% 44.47%

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) $259

Fund Codes

FundServ Code Load Code Sales Status
MMF14433
MMF4233
MMF4333
MMF4383
MMF4433
MMF44433
MMF44733
MMF4533
MMF4733

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

  • Caryn Rothman
Sub-Advisor

Manulife Investment Management (US) LLC

  • Jonas Grazulis
  • James Gearhart

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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