Manulife Global Fund - Strategic Income Fund AA Dis USD

宏利環球基金 - 策略收益基金 AA類 Dis 美元

LU0386018732

Risk Rating: Level 4

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating three (3) or four (4), these are mainly aimed at providing income and capital appreciation to investors by investing primarily in balanced portfolio, including high yield bonds and global equities etc. For more details, please refer to the Due Diligence section under the Procedures page.

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Dealing Information

Secure Transaction

Derivatives knowledge required

HKD25,000.00Min. Subscription

1.25%

HKD5,000.00Min. Subscription

HKD / USD

HKD25,000.00Min. Subscription

HKD25,000.00

HKD25,000.00

Daily

15:30

2019-09-30

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
+0.05%
3 mth
+2.01%
6 mth
+4.22%
1 yr
+5.79%
3 yr
+4.58%
5 yr
+7.83%

Analytical Figures (3 years)

Annualized Return
+1.50%
Annualized Volatility
+2.69%
Sharpe Ratio
-0.04

Fund Information

Fund Houses
Manulife Asset Management (Hong Kong) Limited
Launch Date
2009-12-13
Fund Manager
Daniel S. Janis
Manager Start Date
Daniel S. Janis
III
(Start Date: 2008-09-19)
Geographical Focus
Global
Asset Class/ Sector
Fixed Income - Investment grade
Risk Rating
Risk Level 4

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating three (3) or four (4), these are mainly aimed at providing income and capital appreciation to investors by investing primarily in balanced portfolio, including high yield bonds and global equities etc. For more details, please refer to the Due Diligence section under the Procedures page.

Fund AUM(As of 2019-09-18)
USD 40,052,514.99
Management Fee
1.25%
Latest Dividend
USD 0.028400 (2018-11-04)

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge required

HKD25,000.00Min. Subscription

1.25%

HKD5,000.00Min. Subscription

HKD / USD

HKD25,000.00Min. Subscription

HKD25,000.00

HKD25,000.00

Daily

15:30

2019-09-30

Dividend Records

Dividend DateDividend Records (USD)
2018-11-040.028400
2017-10-290.030668
2016-10-300.030727
2015-11-010.038156
2014-11-030.048172
2013-11-040.039459
2012-10-280.038841
2011-10-300.044051
2010-11-010.021361

Investment Objective

Strategic Income Fund seeks a high level of current income. In pursuing this goal, the Sub-Fund invests primarily in the following types of securities: (i) non-U.S. government and corporate debt securities from developed and emerging markets; (ii) U.S. government and agency securities; and (iii) U.S. high yield bonds (up to 75% of the Sub-Fund’s net assets). The Sub-Fund may also invest its remaining assets in U.S. corporate debt securities rated
investment grade (i.e. at least Baa3 by Moody’s or BBB- by Standard & Poor’s or Fitch) and U.S. or foreign stocks (up to 10% of the Sub-Fund’s net assets).
Although the Sub-Fund may invest up to 75% of its net assets in higher-yielding debt securities rated lower than investment grade (i.e. below Baa3 by Moody’s or BBB- by Standard & Poor’s or Fitch), including up to 10% of its net 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 (i.e. at least Baa3 by Moody’s or BBB- by Standard & Poor’s or Fitch). There is no limit on the Sub-Fund’s average maturity.

Nature and Extent of Risks

Investment involves risks. Please refer to the Prospectus which forms part of the Hong Kong Offering Document for details including the risk factors.
1. Investment Risk:
The Sub-Fund’s investment portfolio may fall in value due to any of the key risk factors below and therefore your investment in the Sub-Fund may suffer losses. There is no guarantee of the repayment of principal.
2. Use of FDIs:
The Sub-Fund is a “sophisticated fund” which intends to utilise the expanded investment powers and range of permissible investments permitted, including the use of FDIs for investment purposes. FDIs involve risks which differ from, and are, possibly, greater than the risks associated with traditional securities investments, including: (i) volatility risk - FDIs may be highly volatile; (ii) leverage risk - the use of leverage for active investment purposes may cause loss; (iii) management risk - the results are reliant upon the success of the Investment Manager in making investment decisions in the prevailing market conditions; (iv) market risk - there is a risk from exposure to changes in market value of FDIs; (v) counterparty risk - the Sub-Fund is exposed to the risk of loss resulting from a counterparty’s failure to meet its financial obligations; and (vi) liquidity risk - which exists when particular investments are difficult to be purchased or sold quickly. The eventuation of any of the above risks could have an adverse effect on the net asset value of the Sub-Fund. Extensive use of FDIs for investment purposes may expose the Sub-Fund to the risk of significant or total loss. In adverse situations, the Sub-Fund’s use of FDIs may become ineffective in investment, efficient portfolio management or hedging and the Sub-Fund may suffer significant losses.
3. Credit Risk:
This refers to the risk that a debt issuer will default, by failing to repay principal and interest in a timely manner, or that negative perceptions of the issuer’s ability to make such payments will cause the price of that bond to decline.
4. Currency Risk:
The Sub-Fund’s assets may be invested primarily in securities denominated in currencies other than U.S. Dollars and the Sub-Fund may receive income or realization proceeds from these investments in those currencies, some of which may fall in value against U.S. Dollars.
5. Liquidity Risk:
The Sub-Fund may maintain up to 10% of its net assets in illiquid securities. Securities that have legal or contractual restrictions on resale but have a readily available market are not deemed illiquid. If the Sub-Fund invests in illiquid securities, it may not be able to sell such securities and may not be able to realise their full value upon sale.
6. Interest Rate Risk:
When interest rates rise on certain currencies that the bonds are denominated in, the value of the bonds may reduce, resulting in a lower value for the relevant portfolio.
7. High Yield Bonds Risk:
The Sub-Fund can invest in higher-yielding debt securities rated lower than investment grade, or if unrated, their equivalent. As such, an investment in this Sub-Fund is accompanied by greater risk.
8. Credit Rating and Downgrading Risk:
Credit ratings assigned by rating agencies are subject to limitations and do not guarantee the creditworthiness of the security and/or issuer at all times. In any event, the credit rating of a debt security or its issuer may subsequently be downgraded. In the event of such downgrading, the value of the Sub-Fund may be adversely affected. The Investment Manager may or may not be able to dispose of the debt securities that are being downgraded.
9. Sovereign Debt Risk:
The Sub-Fund’s investment in securities issued or guaranteed by governments may be exposed to political, social and economic risks. In adverse situations, the sovereign issuers may not be able or willing to repay the principal and/or interest when due or may request the Sub-Fund to participate in restructuring such debts. The Sub-Fund may suffer significant losses when there is a default of sovereign debt issuers.
10. Collateralised/Securitised Products Risk:
The Sub-Fund may invest in collateralised and/or securitised products, including asset-backed securities and mortgage-backed securities. These securities provide exposure to underlying assets and the risk/return profile is determined by the cash flows derived from such assets. In a volatile market, these securities may display heightened price sensitivity to market fluctuations and have higher liquidity and credit downgrading risks.
11. Emerging Markets Risk:
In respect of certain emerging economies or markets in which the Sub-Fund may invest, it may be exposed to higher risks than in developed economies or markets, in particular for the acts or omissions of its service providers, agents, correspondents or delegates. Accounting, auditing and financial reporting standards, practices and disclosure requirements applicable to some companies in the emerging economies or markets in which the Sub-Fund may invest may differ from countries with more developed financial markets. The value of the Sub-Fund’s assets may also be affected by uncertainties such as changes in government policies, taxation legislation, currency repatriation restrictions and other developments in politics, law or regulations of the emerging economies or markets in which the Sub-Fund may invest. Further, certain emerging economies are exposed to the risks of high inflation and interest rates, large amount of external debt; and such factors may affect the overall economy stability.
12. Geographical Concentration Risk:
The concentration of the Sub-Fund’s investments in securities of American companies may result in greater volatility than portfolios which comprise broad-based global investments. The value of the Sub-Fund may be more susceptible to adverse events in the region.
13. Risks relating to Dividends Paid out of Capital:
The Directors of Manulife Global Fund may, at their discretion, pay dividends out of income, realized capital gains and/or capital, of the Sub-Fund in respect of Class AA Inc, Class AA (AUD Hedged) Inc, Class AA (CAD Hedged) Inc and Class AA (HKD) Inc Shares. Dividends paid out of capital of the Sub-Fund (if any) amounts to a return or withdrawal of part of the amount of an investor’s original investment, or from any capital gains attributable to that original investment. Any distributions involving payment of dividends out of the Sub-Fund’s capital may result in an immediate decrease in the net asset value per Share of the above Classes of the Sub-Fund. The dividends and the net asset value of each of Class AA (AUD Hedged) Inc and Class AA (CAD Hedged) Inc may be adversely affected by the differences in the interest rates of the reference currency of such share class and the Sub-Fund’s base currency,
resulting in an increase in the amount of dividends that is paid out of capital and hence a greater erosion of capital than other share classes.

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