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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
(04-04-2025)
$8.63
Change
-$0.03 (-0.29%)

As at February 28, 2025

As at January 31, 2025

Period
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Legend

Manulife Corporate Bond Fund Advisor Series

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Fund Returns

Inception Return (August 26, 2003): 4.26%

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 0.66% 1.73% 4.43% 1.65% 9.45% 7.89% 3.48% 2.44% 2.93% 3.31% 2.99% 2.83% 4.06% 2.89%
Benchmark 0.36% 4.44% 9.83% 2.31% 16.13% 13.40% 8.80% 5.52% 5.20% 5.67% 5.57% 5.31% 6.56% 6.01%
Category Average 0.56% 1.22% 3.26% 1.57% 8.24% 7.59% 3.19% 2.16% 3.00% 3.30% 3.05% 3.04% 4.20% 3.07%
Category Rank 82 / 283 82 / 283 84 / 283 132 / 283 91 / 281 179 / 275 171 / 269 175 / 263 188 / 252 173 / 244 156 / 221 159 / 209 160 / 200 146 / 189
Quartile Ranking 2 2 2 2 2 3 3 3 3 3 3 4 4 4

Monthly Return

Monthly Return
Return % Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
Fund 0.77% -0.83% 1.35% 1.02% 1.87% 0.55% 1.49% -0.02% 1.17% 0.08% 0.98% 0.66%
Benchmark 0.83% 0.55% 0.00% 1.79% 2.95% -0.48% 2.00% 2.26% 0.82% 2.08% 1.94% 0.36%

Best Monthly Return Since Inception

3.96% (July 2022)

Worst Monthly Return Since Inception

-9.41% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund -1.30% 8.96% 3.84% -2.95% 8.57% 5.33% 2.65% -9.26% 8.01% 8.03%
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 4 4 3 3 3 4 2 4 2
Category Rank 68/ 182 157/ 199 164/ 208 132/ 219 182/ 244 133/ 252 209/ 257 104/ 266 217/ 275 137/ 281

Best Calendar Return (Last 10 years)

8.96% (2016)

Worst Calendar Return (Last 10 years)

-9.26% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 49.19
Canadian Corporate Bonds 41.87
Cash and Equivalents 6.19
Foreign Government Bonds 1.50
Canadian Government Bonds 0.88
Other 0.37

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 93.81
Cash and Cash Equivalent 6.19

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.54
Latin America 0.47
Europe 0.00
Other -0.01

Top Holdings

Top Holdings
Name Percent
Rogers Communications Inc 5.25% 15-Mar-2082 2.21
Enbridge Inc 8.25% 15-Oct-2028 1.91
Bank of Nova Scotia 4.50% 16-Dec-2025 1.33
Atco Ltd 5.50% 01-Nov-2028 1.08
Brookfield Finance Inc 6.30% 15-Jan-2055 0.96
Videotron Ltd 3.63% 01-Feb-2025 0.93
FEDERAL HOME LOAN BANK 0.91
Rogers Communications Inc 6.75% 09-Nov-2039 0.91
United States Treasury 4.13% 15-Aug-2044 0.89
Brookfield Infra Finance ULC 5.44% 25-Jan-2034 0.86

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 6.03% 6.96% 5.46%
Beta 0.72% 0.78% 0.59%
Alpha -0.03% -0.01% -0.01%
Rsquared 0.59% 0.66% 0.50%
Sharpe -0.03% 0.11% 0.25%
Sortino 0.15% 0.02% 0.00%
Treynor 0.00% 0.01% 0.02%
Tax Efficiency 54.67% 51.92% 49.68%
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 2.57% 6.03% 6.96% 5.46%
Beta 0.17% 0.72% 0.78% 0.59%
Alpha 0.07% -0.03% -0.01% -0.01%
Rsquared 0.06% 0.59% 0.66% 0.50%
Sharpe 1.95% -0.03% 0.11% 0.25%
Sortino 5.43% 0.15% 0.02% 0.00%
Treynor 0.30% 0.00% 0.01% 0.02%
Tax Efficiency 82.31% 54.67% 51.92% 49.68%

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) $676

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 Management

Portfolio Manager

Manulife Investment Management Limited

  • Terry Carr
  • Richard Kos
  • Jonathan Crescenzi
Sub-Advisor

-

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 50

Fees

MER 1.46%
Management Fee 1.01%
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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