Enhanced Investments - Financial Portal

John Hancock Investment Management announces fee reductions on three funds totaling more than $2.4 billion in AUM

Published: 2022-04-01 13:29:00 ET

TSX/NYSE/PSE: MFC SEHK: 945

BOSTON, April 1, 2022 /PRNewswire/ - John Hancock Investment Management, a company of Manulife Investment Management, recently announced net fee reductions on three funds with a combined total of more than $2.4 billion in assets under management. The reductions reflect contractual modifications to management fee schedules and/or reimbursement expenses for the funds and certain management fee waivers according to asset-level breakpoint schedules. These changes pass additional value to shareholders through the benefit of scale. Nearly all of John Hancock Investment Management's assets under management (AUM) have experienced a fee decrease in the past 10 years.1

The funds affected by the net fee reductions are John Hancock Seaport Long/Short Fund, subadvised by Wellington Management Company LLP, John Hancock International Small Company Fund, subadvised by Dimensional Fund Advisors LP, and John Hancock Absolute Return Currency Fund subadvised by First Quadrant LLC.

John Hancock fund	AUM (as of 3/22/22)	Ticker Class I	Previous net expense ratio	Reduction in basis points (bps)	Net expense ratio
Seaport Long/Short	$1.07B	JSFDX	1.67%	5bps	1.62% (effective 4/1/22)
International Small Company	$807.48M	JSCIX	1.05%	5bps	1.00% (effective 3/1/22)
Absolute Return Currency	$528.07M	JCUIX	1.17%	5bps	1.12% (effective 4/1/22)

"We're focused on providing investors access to a competitively priced family of funds with diversity in return sources and managed by our unique multimanager network," said Andrew G. Arnott, CEO, John Hancock Investment Management and head of wealth and asset management, Manulife Investment Management, United States and Europe. "We're consistently reviewing our lineup to ensure that we have competitive pricing and performance and since 2020 we have strategically cut fees on more than $35 billion in AUM to benefit shareholders."

1 Simfund, as of 2/28/22, includes John Hancock Investment Management retail sold funds only: ETFs, open-end and closed-end funds, and fund of funds.

About John Hancock Investment Management

A company of Manulife Investment Management, we serve investors through a unique multimanager approach, complementing our extensive in-house capabilities with an unrivaled network of specialized asset managers, backed by some of the most rigorous investment oversight in the industry. The result is a diverse lineup of time-tested investments from a premier asset manager with a heritage of financial stewardship.

About Manulife Investment Management

Manulife Investment Management is the global brand for the global wealth and asset management segment of Manulife Financial Corporation. We draw on more than a century of financial stewardship and the full resources of our parent company to serve individuals, institutions, and retirement plan members worldwide. Headquartered in Toronto, our leading capabilities in public and private markets are strengthened by an investment footprint that spans 18 geographies. We complement these capabilities by providing access to a network of unaffiliated asset managers from around the world. We're committed to investing responsibly across our businesses. We develop innovative global frameworks for sustainable investing, collaboratively engage with companies in our securities portfolios, and maintain a high standard of stewardship where we own and operate assets, and we believe in supporting financial well-being through our workplace retirement plans. Today, plan sponsors around the world rely on our retirement plan administration and investment expertise to help their employees plan for, save for, and live a better retirement. Not all offerings are available in all jurisdictions. For additional information, please visit manulifeim.com.

Request a prospectus or summary prospectus from your financial professional, by visiting jhinvestments.com or by calling us at 800-225-5291. The prospectus includes investment objectives, risks, fees, expenses, and other information that you should consider carefully before investing.

Investing involves risks, including the potential loss of principal.

John Hancock Investment Management Distributors LLC ▪ Member FINRA, SIPC

200 Berkeley Street ▪ Boston, MA

View original content to download multimedia:https://www.prnewswire.com/news-releases/john-hancock-investment-management-announces-fee-reductions-on-three-funds-totaling-more-than-2-4-billion-in-aum-301515762.html

SOURCE John Hancock Investment Management

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.