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Manulife Global Unconstrained Bond Fund Advisor Series

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High Yield Fixed Income

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2020, 2019, 2018, 2017, 2016

Click for more information on Fundata’s FundGrade

NAVPS
(09-17-2025) 		$7.84
Change
$0.00 (0.01%)

As at August 31, 2025

As at July 31, 2025

Period
Created with Highcharts 10.3.3Jul 2023Jul 2024Jul 2025Oct 2022Jan 2023Apr 2023Oct 2023Jan 2024Apr 2024Oct 2024Jan 2025Apr 2025Jan 2013Jan 2015Jan 2017Jan 2019Jan 2021Jan 2023Jan 2025$10,000$12,500$9,000$9,500$10,500$11,000$11,500$12,000Period

Legend

Manulife Global Unconstrained Bond Fund Advisor Series

Compare Options

Fund Returns

Inception Return (June 16, 2011): 4.80%

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 0.92% 2.62% 2.13% 3.85% 5.01% 7.47% 6.18% 0.21% 1.38% 1.99% 2.68% 2.47% 2.77% 3.43%
Benchmark 0.80% 3.83% 1.40% 3.75% 11.38% 12.25% 12.22% 5.29% 5.40% 5.12% 5.57% 5.54% 5.46% 5.66%
Category Average 0.82% 2.75% 2.73% 4.35% 6.08% 8.03% 6.48% 2.18% 3.32% 3.22% 3.34% 3.12% 3.35% 3.54%
Category Rank 75 / 243 134 / 241 155 / 241 127 / 238 196 / 238 191 / 235 188 / 231 218 / 225 213 / 215 207 / 210 176 / 199 160 / 180 143 / 165 119 / 157
Quartile Ranking 2 3 3 3 4 4 4 4 4 4 4 4 4 4

Monthly Return

Created with Highcharts 10.3.3-4%-2%0%2%4%
Monthly Return
Return % Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug
Fund 1.19% -0.63% 0.70% -0.15% 1.06% 0.62% -0.87% -0.85% 1.26% 1.20% 0.48% 0.92%
Benchmark 2.00% 2.26% 0.82% 2.08% 1.94% 0.36% -0.24% -3.14% 1.07% 1.47% 1.52% 0.80%

Best Monthly Return Since Inception

6.47% (January 2015)

Worst Monthly Return Since Inception

-12.47% (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 6.76% 11.53% 5.01% -2.24% 11.77% 7.41% -0.34% -12.95% 6.73% 6.79%
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 1 3 3 2 2 1 4 4 4 3
Category Rank 13/ 149 106/ 163 93/ 171 80/ 182 83/ 207 36/ 214 206/ 218 206/ 225 212/ 231 173/ 237

Best Calendar Return (Last 10 years)

11.77% (2019)

Worst Calendar Return (Last 10 years)

-12.95% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 89.48
Cash and Equivalents 4.15
Foreign Government Bonds 3.32
Foreign Bonds - Other 1.92
US Equity 0.71
Other 0.42

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 95.13
Cash and Cash Equivalent 4.16
Financial Services 0.41
Utilities 0.16
Telecommunications 0.09
Other 0.05

Geographic Allocation

Geographic Allocation
Name Percent
North America 93.73
Europe 2.54
Asia 1.95
Latin America 1.35
Africa and Middle East 0.43

Top Holdings

Top Holdings
Name Percent
US Dollar 3.32
VENTURE GLOBAL LNG IN FRN 9.00% 31-Dec-2049 1.06
TWTR TL 1L USD 0.96
FRONERI LUX FINCO SARL 6.00% 01-Aug-2032 0.92
1261229 BC Ltd 10.00% 15-Apr-2032 0.70
Cloud Software Group Inc 9.00% 30-Sep-2029 0.69
BNP Paribas SA 8.00% PERP 0.65
Barclays PLC 8.00% PERP 0.61
LEVEL 3 FINANCING INC 6.88% 30-Jun-2033 0.59
CCO Holdings LLC 7.38% 01-Mar-2031 0.56

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 Return12345678910112%4%6%8%10%12%14%16%

Manulife Global Unconstrained Bond Fund Advisor Series

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 5.79% 6.47% 7.00%
Beta 0.62% 0.72% 0.76%
Alpha -0.01% -0.02% -0.01%
Rsquared 0.25% 0.46% 0.50%
Sharpe 0.37% -0.15% 0.26%
Sortino 0.87% -0.28% 0.11%
Treynor 0.03% -0.01% 0.02%
Tax Efficiency 68.78% - 36.78%
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 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 2.84% 5.79% 6.47% 7.00%
Beta 0.27% 0.62% 0.72% 0.76%
Alpha 0.02% -0.01% -0.02% -0.01%
Rsquared 0.23% 0.25% 0.46% 0.50%
Sharpe 0.66% 0.37% -0.15% 0.26%
Sortino 1.05% 0.87% -0.28% 0.11%
Treynor 0.07% 0.03% -0.01% 0.02%
Tax Efficiency 59.53% 68.78% - 36.78%

Fund Details

Start Date June 16, 2011
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $2,608

Fund Codes

FundServ Code Load Code Sales Status
MMF14432
MMF4232
MMF4332
MMF4432
MMF44432
MMF44732
MMF4527
MMF4532
MMF4732

Investment Objectives

The Fund’s investment objectives are to provide securityholders with monthly distributions and to preserve capital while providing the opportunity for long-term capital appreciation. The Fund has been created to invest in an actively managed portfolio comprised primarily of fixed income securities of global issuers, including corporate bonds (investment grade and high yield) and government bonds (developed and emerging markets).

Investment Strategy

The Fund is actively managed by the portfolio sub-advisors. In order to achieve its investment objectives, the portfolio sub-advisors will opportunistically invest across the spectrum of global government and corporate debt securities, of any quality or term. In addition, the portfolio sub-advisors will actively manage the fund's regional, country and currency allocations, and may invest in securities from both developed and emerging markets.

Portfolio Management

Portfolio Manager

Manulife Investment Management Limited

  • Paolo Valle
  • Roberto Sanchez-Dahl
  • Caryn Rothman
Sub-Advisor

Manulife Investment Management (US) LLC

  • Caryn Rothman
  • James Gearhart
  • Jonas Grazulis

Manulife Investment Management (Hong Kong) Limited

  • Christopher Lam

Manulife Investment Management (Europe) Limited

  • Endre Pedersen

Manulife Investment Management (Singapore) Pte.Ltd

  • Murray Collis

Management and Organization

Fund Manager

Manulife Investment Management Limited
Custodian

RBC Investor Services Trust (Canada)
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 1.67%
Management Fee 1.30%
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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