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Manulife Covered Call U.S. Equity Fund Advisor Series

U.S. Equity

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeB Click for more information on Fundata’s ESG Grade

Fundata ESG Grade B

Click for more information on Fundata’s ESG Grade.

NAVPS
(04-18-2024)
$81.99
Change
-$0.71 (-0.85%)

As at March 31, 2024

As at February 29, 2024

As at February 29, 2024

Period
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Legend

Manulife Covered Call U.S. Equity Fund Advisor Series

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Fund Returns

Inception Return (February 20, 1990): 6.51%

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 3.76% 12.59% 19.62% 12.59% 24.67% 12.49% 11.03% 14.32% 10.94% 10.66% 9.77% 10.69% 8.69% 9.95%
Benchmark 3.07% 13.26% 23.76% 13.26% 30.04% 14.00% 14.30% 19.94% 15.37% 15.05% 14.39% 15.08% 13.81% 15.28%
Category Average 2.94% 22.06% 22.06% 11.88% 26.39% 10.39% 10.21% 17.40% 12.02% 11.35% 11.08% 11.62% 10.10% 11.05%
Category Rank 251 / 1,374 628 / 1,361 994 / 1,343 628 / 1,361 891 / 1,288 511 / 1,216 535 / 1,158 940 / 1,095 724 / 993 614 / 887 613 / 812 535 / 706 529 / 652 460 / 573
Quartile Ranking 1 2 3 2 3 2 2 4 3 3 4 4 4 4

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 1.69% 0.18% 1.50% 2.86% 1.62% -3.57% 2.12% 3.29% 0.72% 2.59% 5.78% 3.76%
Benchmark 1.90% 0.62% 3.76% 2.72% 1.05% -4.85% 0.44% 6.86% 1.80% 3.00% 6.70% 3.07%

Best Monthly Return Since Inception

16.71% (December 1991)

Worst Monthly Return Since Inception

-16.97% (October 2008)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 17.73% 12.07% 2.58% 10.30% -2.39% 19.43% 10.69% 19.39% -8.78% 15.08%
Benchmark 24.19% 20.77% 8.65% 13.80% 3.98% 25.18% 16.07% 28.16% -12.52% 23.32%
Category Average 16.59% 10.40% 6.16% 13.43% -2.19% 22.72% 13.97% 23.22% -14.41% 18.85%
Quartile Ranking 3 3 3 4 3 4 3 4 1 3
Category Rank 339/ 554 444/ 645 479/ 693 628/ 783 607/ 875 794/ 950 706/ 1,063 893/ 1,139 239/ 1,196 918/ 1,260

Best Calendar Return (Last 10 years)

19.43% (2019)

Worst Calendar Return (Last 10 years)

-8.78% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 90.77
International Equity 7.19
Canadian Equity 1.09
Cash and Equivalents 0.96
Other -0.01

Sector Allocation

Sector Allocation
Name Percent
Technology 29.15
Consumer Services 17.83
Healthcare 14.75
Financial Services 10.58
Industrial Goods 8.14
Other 19.55

Geographic Allocation

Geographic Allocation
Name Percent
North America 92.81
Europe 7.18
Other 0.01

Top Holdings

Top Holdings
Name Percent
Microsoft Corp -
Amazon.com Inc -
Alphabet Inc Cl A -
Eli Lilly and Co -
Broadcom Inc -
Walmart Inc -
JPMorgan Chase & Co -
Berkshire Hathaway Inc Cl B -
Apple Inc -
Deere & Co -

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Manulife Covered Call U.S. Equity Fund Advisor Series

Median

Other - U.S. Equity

3 Yr Annualized

Standard Deviation 10.86% 10.85% 10.85%
Beta 0.72% 0.72% 0.81%
Alpha 0.01% 0.00% -0.02%
Rsquared 0.91% 0.91% 0.89%
Sharpe 0.78% 0.84% 0.80%
Sortino 1.14% 1.12% 1.00%
Treynor 0.12% 0.13% 0.11%
Tax Efficiency 100.00% 100.00% 100.00%
Volatility Volatility rating is 5 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 5 on a scale of 1 to 10

Risk Rating

Rating 5 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 7.85% 10.86% 10.85% 10.85%
Beta 0.66% 0.72% 0.72% 0.81%
Alpha 0.05% 0.01% 0.00% -0.02%
Rsquared 0.79% 0.91% 0.91% 0.89%
Sharpe 2.27% 0.78% 0.84% 0.80%
Sortino 5.11% 1.14% 1.12% 1.00%
Treynor 0.27% 0.12% 0.13% 0.11%
Tax Efficiency 100.00% 100.00% 100.00% 100.00%

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date February 20, 1990
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $47

Fund Codes

FundServ Code Load Code Sales Status
MMF14461
MMF4161
MMF4361
MMF44461
MMF4461
MMF44761
MMF4561
MMF4761
MMF4960
MMF9261

Investment Objectives

The fundamental investment objective of the Fund is to achieve capital growth by investing primarily in U.S. equity securities, and employing derivatives to enhance income and/or provide downside protection. The fundamental investment objective of the Fund cannot be changed without the approval of investors who own securities in the Fund.

Investment Strategy

The portfolio sub-advisor seeks to achieve the fundamental investment objective of the Fund by looking for companies that are undervalued and/or offer the potential for above-average earnings growth. The portfolio sub-advisor employs a combination of proprietary financial models and bottom-up fundamental research to identify companies that are selling at what appear to be substantial discounts to their long-term intrinsic value.

Portfolio Manager(s)

Name Start Date
Roger C. Hamilton 10-19-2009
Michael Scanlon Jr 01-01-2013
Gary Li 01-01-2013
Manulife Investment Management Limited 09-25-2019

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 2.31%
Management Fee 1.88%
Load Front Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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