Fact sheet: Manulife Strategic Income

Fund information

Fund name
Manulife Strategic Income AA
Fund company manager
Manulife Global Fund
Fund type
SIB
Fund manager(s)
Manulife Asset Management (US) LLC
since 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 US Aggregate Bond Index (SGD Hedged)
Investment style
None
Investment method
Fixed Interest

Quick stats

1 Year return

3.35 %

1 Year rank in sector

157/306

Sector

FO Fixed Int - Global

Yield
-
Fund size

£ 38.5 m

FE Risk score

90

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • USA
    58.55%
  • Canada
    6.67%
  • Mexico
    6.04%
  • International
    4.98%
  • Money Market
    4.59%
  • Government Guaranteed
    27.14%
  • Investment Grade Corporate Bonds
    24.42%
  • High Yield Bond
    18.5%
  • Asset/Mortgage-Backed Securities
    12.07%
  • Preference Shares
    6.17%
  • US Fixed Interest
    58.55%
  • Canadian Fixed Interest
    6.67%
  • Mexican Fixed Interest
    6.04%
  • Supranational Fixed Interest
    4.98%
  • Cash & Cash Equivalents
    4.59%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.29 %0.43 %3.35 %4.87 %7.18 %
Sector0.14 %1.04 %3.56 %5.99 %8.78 %
Rank within sector138 / 341218 / 327157 / 306127 / 240106 / 183
Quartile th2 nd3 rd3 rd3 rd3 rd

Calendar performance

YTD-20182017201620152014
Fund0.21 %3.07 %2.77 %-0.47 %2.34 %
Sector0.15 %3.67 %4.59 %-1.64 %3.66 %
Rank within sector142 / 341165 / 302160 / 269106 / 239132 / 207
Quartile th2 nd3 rd3 rd2 nd3 rd

Risk statistics

Alpha0.12
Beta0.76
Sharpe-0
Volatility2.13
Tracking error0.96
Information ratio-0.4
R-Squared0.88

Price movement

52 week high1.0686
52 week low1.0317
Current bid price0
Current offer price0
Current mid price1.0377

Holdings by region

  • 58.55% USA
  • 6.67% Canada
  • 6.04% Mexico
  • 4.98% International
  • 4.59% Money Market
  • 3.53% Australia
  • 2.8% New Zealand
  • 2.78% Indonesia
  • 2.12% Singapore
  • 2% Philippines

Holdings by sector

  • 27.14% Government Guaranteed
  • 24.42% Investment Grade Corporate Bonds
  • 18.5% High Yield Bond
  • 12.07% Asset/Mortgage-Backed Securities
  • 6.17% Preference Shares
  • 6.02% Fixed Interest
  • 4.59% Cash & Cash Equivalents
  • 1.09% Convertibles

Holdings by asset type

  • 58.55% US Fixed Interest
  • 6.67% Canadian Fixed Interest
  • 6.04% Mexican Fixed Interest
  • 4.98% Supranational Fixed Interest
  • 4.59% Cash & Cash Equivalents
  • 3.53% Australian Fixed Interest
  • 2.8% New Zealand Fixed Interest
  • 2.78% Indonesian Fixed Interest
  • 2.12% Singapore Fixed Interest
  • 2% Philippine Fixed Interest

Individual holdings

  • 1.17% PHILIPPINES(REPUBLIC OF) 6.25% BDS 14/01/36 PHP10000000
  • 1.1% NORWAY(KINGDOM OF) 4.5% BDS 22/05/19 NOK1000
  • 1.05% AMERICAN INTERNATIONAL GROUP INC 8.175% BDS 15/05/58 USN(VAR) `REGS`
  • 1.03% CANADA(GOVT OF) 0.5% BDS 01/08/18 CAD1000
  • 1.03% SINGAPORE(GOVT OF) 3.25% BDS 01/09/20 SGD1000
  • 1.02% CANADIAN GOVERNMENT 1.25% 11/01/2019
  • 0.93% NEW ZEALAND(GOVERNMENT OF) 5% BDS 15/03/19 NZD1000
  • 0.92% CANADA(GOVT OF) 1.75% NTS 01/09/19 CAD1000
  • 0.9% FIFTH THIRD BANCORP VAR 5.1% PERPETUAL
  • 0.81% M & T BANK CORP