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Manulife Corporate Bond Fund Advisor Series

High Yield Fixed Income

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(04-16-2024)
$8.30
Change
-$0.01 (-0.15%)

As at March 31, 2024

As at February 29, 2024

Period
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Manulife Corporate Bond Fund Advisor Series

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Fund Returns

Inception Return (August 26, 2003): 4.04%

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 0.77% 1.11% 7.40% 1.11% 6.20% 1.63% 0.44% 4.10% 2.07% 2.11% 2.03% 3.19% 2.26% 2.43%
Benchmark 0.83% 4.14% 9.32% 4.14% 11.08% 7.29% 2.94% 4.89% 3.41% 3.99% 3.87% 5.46% 5.00% 5.66%
Category Average 1.04% 7.26% 7.26% 1.57% 7.54% 1.83% 0.64% 4.84% 2.38% 2.44% 2.46% 3.43% 2.65% 2.59%
Category Rank 269 / 300 240 / 300 162 / 298 240 / 300 258 / 294 209 / 288 203 / 281 223 / 274 200 / 266 181 / 242 170 / 229 156 / 201 146 / 190 131 / 173
Quartile Ranking 4 4 3 4 4 3 3 4 4 3 3 4 4 4

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 1.05% -1.05% 0.20% 0.17% 0.34% -1.81% -0.64% 3.68% 3.11% 0.10% 0.24% 0.77%
Benchmark 1.23% -1.13% -0.73% 1.08% 2.51% -1.32% 1.59% 2.42% 0.89% 1.39% 1.87% 0.83%

Best Monthly Return Since Inception

3.96% (July 2022)

Worst Monthly Return Since Inception

-9.41% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 3.09% -1.30% 8.96% 3.84% -2.95% 8.57% 5.33% 2.65% -9.26% 8.01%
Benchmark 8.91% 14.93% 10.80% 2.96% 5.36% 7.98% 6.14% 0.50% -6.92% 10.36%
Category Average 2.69% -2.71% 9.58% 5.34% -2.63% 9.49% 5.35% 3.21% -10.00% 8.59%
Quartile Ranking 3 2 4 3 3 3 2 4 2 3
Category Rank 100/ 172 66/ 183 159/ 200 167/ 228 146/ 240 182/ 265 133/ 273 207/ 275 110/ 285 213/ 294

Best Calendar Return (Last 10 years)

8.96% (2016)

Worst Calendar Return (Last 10 years)

-9.26% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 43.49
Foreign Corporate Bonds 33.18
Cash and Equivalents 17.52
Foreign Government Bonds 4.26
Canadian Government Bonds 1.02
Other 0.53

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 82.48
Cash and Cash Equivalent 17.52

Geographic Allocation

Geographic Allocation
Name Percent
North America 98.99
Latin America 0.55
Europe 0.46

Top Holdings

Top Holdings
Name Percent
Rogers Communications Inc 5.25% 15-Mar-2027 -
Enbridge Inc 8.25% 15-Oct-2028 -
Cenovus Energy Inc 3.50% 07-Feb-2028 -
Bank of Nova Scotia 4.50% 16-Dec-2025 -
Canada Government 0.00% 09-May-2024 -
United States Treasury 2.88% 15-May-2032 -
Algonquin Power & Utils Corp 4.75% 18-Jan-2027 -
Athene Global Funding 2.10% 24-Sep-2025 -
US Dollar -
Atco Ltd 5.50% 01-Nov-2028 -

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: M. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Manulife Corporate Bond Fund Advisor Series

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 5.96% 6.90% 5.42%
Beta 0.65% 0.81% 0.55%
Alpha -0.01% -0.01% -0.01%
Rsquared 0.57% 0.69% 0.49%
Sharpe -0.34% 0.05% 0.22%
Sortino -0.54% -0.13% -0.11%
Treynor -0.03% 0.00% 0.02%
Tax Efficiency - 34.84% 40.28%
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 1 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 5.41% 5.96% 6.90% 5.42%
Beta 0.66% 0.65% 0.81% 0.55%
Alpha -0.01% -0.01% -0.01% -0.01%
Rsquared 0.30% 0.57% 0.69% 0.49%
Sharpe 0.26% -0.34% 0.05% 0.22%
Sortino 1.21% -0.54% -0.13% -0.11%
Treynor 0.02% -0.03% 0.00% 0.02%
Tax Efficiency 74.76% - 34.84% 40.28%

Fund Details

Start Date August 26, 2003
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $621

Fund Codes

FundServ Code Load Code Sales Status
MMF1423
MMF1723
MMF3898
MMF40498
MMF40798
MMF498
MMF598
MMF798

Investment Objectives

The objective of the Fund is to provide long-term returns and a steady flow of income. The Fund invests primarily in a diversified portfolio of Canadian and U.S. investment grade corporate and high yield bonds. The fundamental investment objective of the Fund cannot be changed without the approval of investors who own securities in the Fund.

Investment Strategy

The investment grade corporate bond component of the Fund will be managed based on a combination of top-down macroeconomic research and bottom-up fundamental credit analysis. This approach has a greater emphasis on sector, credit and security selection. In-depth credit analysis is complemented with the extensive use of external management interviews in the selection of holdings in the portfolio.

Portfolio Manager(s)

Name Start Date
Terry Carr 05-19-2005
Richard Kos 02-20-2020
Jonathan Crescenzi 02-21-2020

Management and Organization

Fund Manager Manulife Investment Management Limited
Advisor Manulife Investment Management Limited
Custodian RBC Investor Services Trust (Canada)
Registrar Manulife Investment Management Limited
Distributor -
Auditor Ernst & Young LLP

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 50

Fees

MER 1.54%
Management Fee 1.24%
Load Front Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.00%
Trailer Fee Max (LL) -

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