Has reduced fees on over $20 billion in AUM this year
BOSTON (Sept 23, 2021)—John Hancock Investment Management, a company of Manulife Investment Management, today announced a 5 basis point (bps) reduction to the advisory fee schedule for its $12 billion John Hancock Disciplined Value Fund, effective October 1, 2021.1 The fund, subadvised by Boston Partners, seeks to outperform over time by limiting downside risk in falling markets while keeping pace in rising markets. The portfolio management team includes Mark E. Donovan, CFA, David J. Pyle, CFA, Stephanie T. McGirr, David T. Cohen, CFA, and Joshua C. White, CFA.
“We’re thrilled that through the exceptional growth of the fund platform—with a CAGR of more than 15% over the past 10 years—we’ve been able to pass savings to our shareholders and have reduced fees on over $20 billion in AUM this year alone,” said Andrew G. Arnott, CEO, John Hancock Investment Management, and head of wealth and asset management, Manulife Investment Management, United States and Europe. “We believe we’re well positioned to capture the opportunity in large-cap value, driven by the veteran portfolio management team at Boston Partners, which continues to deliver strong performance for our clients.”
“We continually review the expenses of all of our funds to ensure that they’re competitively priced and that the funds are adding value to our shareholders; we’re very active on this front,” added Gina A. Walters, head of strategy, implementation and innovation, United States and Europe, Manulife Investment Management. “Over the past 10 years, 88% of our current assets have had their net expense ratios reduced, either due to management actions, such as this permanent decrease in advisory fees, or due to asset growth.”