Fact sheet: Manulife Strategic Income

Fund information
Fund name
Manulife Strategic Income AA
Fund manager company
Manulife Global Fund
Fund type
Offshore Fund
Fund manager
  • Manulife Asset Management (US) LLCsince 30/11/2005
Fund objective
The sub-fund seeks a high level of current income. In pursuing this goal, the subfund invests primarily in the following types of securities: (i) foreign government and corporate debt securities from developed and emerging markets; (ii) U.S. government and agency securities; and (iii) U.S. high yield bonds. The sub-fund may also invest in preferred stock and other types of debt securities. Although the sub-fund may invest up to 10% of its total assets in securities rated in default by Standard & Poor's or Moody's rating agencies (the expression “in default” in this context refers to securities that have missed one or more scheduled payments of interest or principal or have a rating of “D” by the rating agencies), it generally intends to keep its average credit quality in the investment grade range (AAA to BBB). There is no limit on the sub-fund's average maturity. In accordance with its investment restrictions, the sub-fund may use certain higher-risk investments, including financial derivative instruments, for investment purposes.
Benchmark
  • Barclays Capital U.S. Aggregate Bond Index
Investment style
No data available.
Investment method
None
Quick stats
1 Year return
3.9%
1 Year rank in sector
195/287
Sector
FO Fixed Int - Global
Yield
-
Fund size
£47m (£51m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
70
Top in this sector
Fund name1 Year
Capital Group GHIOL33.2%
Aberdeen Global II GlGovtBd27.8%
Baring Intl Bd26.8%
Russell Gbl Bd26.5%
Capital Group GBdFL26.4%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

  • International93.3%
    Money Market6.7%
  • Fixed Interest47.7%
    Government Guaranteed26.6%
    Mortgage & Secured Bonds11.7%
    Others7.3%
    Money Market6.7%
  • Global Fixed Interest93.3%
    Money Market6.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.5%1.5%2.9%3.9%7.5%18.6%
Sector-0.2%2.5%4.2%5.5%8.6%16.6%
Rank within sector204 / 304179 / 302206 / 300195 / 287130 / 22771 / 161
Quartile3rd3rd3rd3rd3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund4.4%-0.5%2.3%0%8.5%
Sector6.2%-1.6%3.7%-1.6%8.2%
Rank within sector198 / 296118 / 276145 / 23766 / 20473 / 170
Quartile3rd2nd3rd2nd2nd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
0.37
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.83
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-0
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
2.37
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
1.07
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.13
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.83
Price movement
52 week high1.09
52 week low1.03
Current bid price-
Current offer price-
Current mid price1.08
Region
1International93.27%
2Money Market6.73%
Industry sector
1Fixed Interest47.74%
2Government Guaranteed26.59%
3Mortgage & Secured Bonds11.68%
4Others7.26%
5Money Market6.73%
Asset type
1Global Fixed Interest93.27%
2Money Market6.73%
Individual holdings
1NEW ZEALAND(GOVERNMENT OF) 6% BDS 15/12/17 NZD100001.37%
2NEW ZEALAND(GOVERNMENT OF) 5% BDS 15/03/19 NZD10001.15%
3NEW S WALES TREASURY CRP 6% 5/1/20201.13%
4PHILIPPINES(REPUBLIC OF) 6.25% BDS 14/01/36 PHP100000001.04%
5NEW ZEALAND(GOVERNMENT OF) 6% BDS 15/05/21 NZD10001.01%
6QUEENSLAND TREASURY CORP 4% BDS 21/06/19 AUD10000.95%
7NORWAY(KINGDOM OF) 4.5% BDS 22/05/19 NOK10000.93%
8SWEDEN(KINGDOM OF) 1.5% BDS 13/11/23 SEK50000.93%
9APPLE INC 3.2% BDS 13/05/25 USD20000.9%
Management
Fund manager group
Manulife Global Fund
Fund manager company
Manulife Global Fund
Fund type
Offshore Fund
Fund objective
The sub-fund seeks a high level of current income. In pursuing this goal, the subfund invests primarily in the following types of securities: (i) foreign government and corporate debt securities from developed and emerging markets; (ii) U.S. government and agency securities; and (iii) U.S. high yield bonds. The sub-fund may also invest in preferred stock and other types of debt securities. Although the sub-fund may invest up to 10% of its total assets in securities rated in default by Standard & Poor's or Moody's rating agencies (the expression “in default” in this context refers to securities that have missed one or more scheduled payments of interest or principal or have a rating of “D” by the rating agencies), it generally intends to keep its average credit quality in the investment grade range (AAA to BBB). There is no limit on the sub-fund's average maturity. In accordance with its investment restrictions, the sub-fund may use certain higher-risk investments, including financial derivative instruments, for investment purposes.
Benchmark
  • Barclays Capital U.S. Aggregate Bond Index
Investment style
No data available.
Investment method
None
Fund manager
NameSinceBiography
Manulife Asset Management (US) LLC30/11/2005
Compliance
Distributor Status, Reporting Fund Status, SRS, UCITS IV Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
United Kingdom, Hong Kong, Luxembourg, Offshore, Singapore
Manulife Strategic Income AA
Initial charge5%
Annual charge1.25%
Min single investment£20,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.0819
CurrencyUSD
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeHXI2
Manulife Strategic Income I2 USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.029
CurrencyUSD
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0HF5
Manulife Strategic Income ID
Initial charge6%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.0517
CurrencyUSD
Price updated23/01/2013
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNKU9
Manulife Strategic Income S Hedged SGD
Initial charge3.5%
Annual charge1.25%
Min single investment£1,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price0.9226
CurrencySGD
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeI2ZJ
Data provided by

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