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Manulife Alternative Opportunities Fund Advisor Series
Alternative Credit Focus
Click for more information on Fundata’s FundGrade
FundGrade C
Click for more information on Fundata’s FundGrade.
|
NAVPS (06-18-2026) |
$10.33 |
|---|---|
| Change |
$0.01
(0.09%)
|
As at May 31, 2026
As at April 30, 2026
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Legend
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Fund Returns
Inception Return (May 10, 2024): 5.42%
| 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% | 0.04% | 1.06% | 1.23% | 4.01% | 5.46% | - | - | - | - | - | - | - | - |
| Benchmark | 1.41% | -0.55% | 0.39% | 1.78% | 2.90% | 5.87% | 4.11% | 3.23% | 0.83% | 0.37% | 1.26% | 1.96% | 1.65% | 1.78% |
| Category Average | 0.77% | 0.87% | 2.20% | 2.09% | 6.05% | 6.39% | 6.71% | 5.55% | 3.70% | 5.05% | 4.34% | - | - | - |
| Category Rank | 83 / 150 | 115 / 150 | 118 / 146 | 103 / 146 | 101 / 134 | 74 / 119 | - | - | - | - | - | - | - | - |
| Quartile Ranking | 3 | 4 | 4 | 3 | 4 | 3 | - | - | - | - | - | - | - | - |
Monthly Return
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.76% | 0.12% | 0.89% | 0.70% | 0.31% | 0.12% | -0.18% | 0.45% | 0.73% | -0.89% | 0.28% | 0.66% |
| Benchmark | 0.04% | -0.74% | 0.37% | 1.80% | 0.76% | 0.26% | -1.36% | 0.63% | 1.70% | -1.99% | 0.06% | 1.41% |
Best Monthly Return Since Inception
1.55% (July 2024)
Worst Monthly Return Since Inception
-0.89% (March 2026)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | - | - | 3.87% |
| Benchmark | 1.54% | 2.70% | 1.29% | 6.97% | 8.61% | -2.71% | -11.46% | 6.38% | 4.10% | 2.40% |
| Category Average | - | - | - | - | 7.20% | 3.25% | -4.07% | 7.22% | 7.97% | 5.39% |
| Quartile Ranking | - | - | - | - | - | - | - | - | - | 4 |
| Category Rank | - | - | - | - | - | - | - | - | - | 100/ 132 |
Best Calendar Return (Last 10 years)
3.87% (2025)
Worst Calendar Return (Last 10 years)
3.87% (2025)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 49.81 |
| Foreign Corporate Bonds | 45.17 |
| Cash and Equivalents | 2.41 |
| Foreign Government Bonds | 1.85 |
| Canadian Bonds - Other | 0.60 |
| Other | 0.16 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 97.60 |
| Cash and Cash Equivalent | 2.40 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 95.90 |
| Europe | 2.36 |
| Asia | 1.75 |
Top Holdings
| Name | Percent |
|---|---|
| United Arlns 2016-2 P/T Trusts 3.10% 07-Apr-2030 | 2.88 |
| ORACLE CORP 4.55% 04-Feb-2029 | 2.46 |
| SUNOCO LP 4.38% 26-Mar-2029 | 1.91 |
| ARTEMIS GOLD INC 5.63% 15-Feb-2031 | 1.70 |
| Ford Credit Canada Co 5.24% 23-Apr-2028 | 1.69 |
| US Dollar | 1.54 |
| EQB INC FRN 6.76% 31-Oct-2086 | 1.53 |
| American Airlines 2019-1 P/T 3.85% 15-Aug-2029 | 1.34 |
| EMPIRE LIFE INSURANCE CO/THE FRN 6.00% 31-Dec-2049 | 1.28 |
| FIRST NATIONAL FINANCIAL 4.29% 23-Oct-2028 | 1.26 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
3 Yr Annualized
| Standard Deviation | - | - | - |
|---|---|---|---|
| Beta | - | - | - |
| Alpha | - | - | - |
| Rsquared | - | - | - |
| Sharpe | - | - | - |
| Sortino | - | - | - |
| Treynor | - | - | - |
| Tax Efficiency | - | - | - |
| Volatility | - | - | - |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.74% | - | - | - |
| Beta | 0.36 | - | - | - |
| Alpha | 0.03 | - | - | - |
| Rsquared | 0.68% | - | - | - |
| Sharpe | 0.92 | - | - | - |
| Sortino | 0.78 | - | - | - |
| Treynor | 0.05 | - | - | - |
| Tax Efficiency | 64.41% | - | - | - |
Fund Details
| Start Date | May 10, 2024 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | - |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| MMF2000 | ||
| MMF2100 | ||
| MMF2200 | ||
| MMF2300 |
Investment Objectives
The investment objective of the Fund is to generate attractive long-term total returns through income and capital appreciation while mitigating volatility through hedging strategies. The Fund invests primarily in a diversified portfolio of Canadian and U.S. investment grade corporate and high yield fixed income securities. The Fund will use derivatives from time to time to hedge its exposure to foreign currencies, interest rates, and/or credit markets.
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 quality 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
|
|---|---|
| Sub-Advisor |
- |
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 | No |
| PAC Initial Investment | - |
| PAC Subsequent | - |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
Fees
| MER | 1.58% |
|---|---|
| Management Fee | 1.23% |
| Load | Choice of Front or No Load |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 0.50% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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