Fact sheet: Manulife Strategic Income

Fund information

Fund name
Manulife Strategic Income AA
Fund company manager
Manulife Global Fund
Fund type
SIB
Fund manager
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
-
Investment method
None

Quick stats

1 Year return

1.87 %

1 Year rank in sector

144/306

Sector

FO Fixed Int - Global

Yield
-
Fund size

£ 40.9 m

FE Risk score

86

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • USA
    64.17%
  • International
    5.94%
  • Canada
    5.81%
  • Others
    5.19%
  • Mexico
    5.13%
  • Investment Grade Corporate Bonds
    31.39%
  • Government Guaranteed
    22.82%
  • High Yield Bond
    18.3%
  • Asset/Mortgage-Backed Securities
    11.82%
  • Fixed Interest
    6.97%
  • US Fixed Interest
    64.17%
  • Global Fixed Interest
    11.13%
  • Canadian Fixed Interest
    5.81%
  • Mexican Fixed Interest
    5.13%
  • Australian Fixed Interest
    2.99%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.24 %2.37 %1.81 %5.06 %9.41 %
Sector0.04 %2.49 %2.3 %6.24 %9.73 %
Rank within sector158 / 343169 / 331144 / 306134 / 25597 / 185
Quartile th2 nd3 rd2 nd3 rd3 rd

Calendar performance

YTD-20172016201520142013
Fund3.11 %2.77 %-0.47 %2.34 %0.04 %
Sector3.37 %4.59 %-1.64 %3.66 %-1.56 %
Rank within sector164 / 318168 / 286109 / 259140 / 22468 / 198
Quartile th3 rd3 rd2 nd3 rd2 nd

Risk statistics

Alpha-0.06
Beta0.81
Sharpe-0
Volatility2.34
Tracking error0.96
Information ratio-0.42
R-Squared0.88

Price movement

52 week high1.0825
52 week low1.0284
Current bid price0
Current offer price0
Current mid price1.0666

Holdings by region

  • 64.17% USA
  • 5.94% International
  • 5.81% Canada
  • 5.19% Others
  • 5.13% Mexico
  • 2.99% Australia
  • 2.91% New Zealand
  • 2.45% Indonesia
  • 1.9% Singapore
  • 1.86% Philippines

Holdings by sector

  • 31.39% Investment Grade Corporate Bonds
  • 22.82% Government Guaranteed
  • 18.3% High Yield Bond
  • 11.82% Asset/Mortgage-Backed Securities
  • 6.97% Fixed Interest
  • 6.06% Preference Shares
  • 1.65% Cash & Cash Equivalents
  • 0.99% Convertibles

Holdings by asset type

  • 64.17% US Fixed Interest
  • 11.13% Global Fixed Interest
  • 5.81% Canadian Fixed Interest
  • 5.13% Mexican Fixed Interest
  • 2.99% Australian Fixed Interest
  • 2.91% New Zealand Fixed Interest
  • 2.45% Indonesian Fixed Interest
  • 1.9% Singapore Fixed Interest
  • 1.86% Philippine Fixed Interest
  • 1.65% Money Market

Individual holdings

  • 1.09% NORWAY(KINGDOM OF) 4.5% BDS 22/05/19 NOK1000
  • 1.07% PHILIPPINES(REPUBLIC OF) 6.25% BDS 14/01/36 PHP10000000
  • 1% AMERICAN INTERNATIONAL GROUP INC 8.175% BDS 15/05/58 USN(VAR) `REGS`
  • 1% CANADA(GOVT OF) 1.75% NTS 01/09/19 CAD1000
  • 0.99% ZEBRA TECHNOLOGIES 7.25% BDS 15/10/22 USD1000REG S
  • 0.98% NEW ZEALAND(GOVERNMENT OF) 5% BDS 15/03/19 NZD1000
  • 0.98% SINGAPORE(GOVT OF) 3.25% BDS 01/09/20 SGD1000
  • 0.87% ONTARIO(PROVINCE OF) 1.9% BDS 08/09/17 CAD1000
  • 0.85% FIFTH THIRD BANCORP VAR 12/29/2049
  • 0.83% MEX BONOS DESARR FIX RT 10% 12/5/2024