Manulife Global Multi-Asset Diversified Income Fund

Important Notes:

Manulife Global Fund – Global Multi-Asset Diversified Income Fund (“Manulife Global Multi-Asset Diversified Income Fund” or the “Fund”) invests in a diversified portfolio of equity, equity-related, fixed income and fixed income-related securities of companies and/or governments globally (including emerging markets), which exposes investors to fixed income and equity (including REITs) market risk, and geographic concentration and currency risk.
The relevant distributing class of the Fund does not guarantee distribution of dividends, the frequency of distribution and the amount/rate of dividends. Dividends may be paid out of income, realised capital gains and/or out of capital of the Fund in respect of Inc share class(es). Dividends may be paid out of realised capital gains, capital and/or gross income while charging all or part of their fees and expenses to capital (i.e. payment of fees and expenses out of capital) in respect of MDIST (G) and R MDIST (G) share class(es). Dividends paid out of capital of the Fund 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 and may result in an immediate decrease in the net asset value per share in respect of such class(es) of the Fund.
The Fund invests in emerging markets, which may involve increased risks and special considerations not typically associated with investment in more developed markets, such as likelihood of a higher degree of volatility, lower liquidity of investments, political and economic uncertainties, legal and taxation risks, settlement risk, custody risks and currency risks/control.
The Fund’s investment in fixed income and fixed income-related securities, as well as cash and cash equivalents, is subject to high yield bonds risk, credit/counterparty risk, interest rate risk, sovereign debt risk, valuation risk and credit rating and downgrading risk.
The Fund intends to use financial derivative instruments (“FDIs”) for investment, efficient portfolio management and/or hedging purposes. The use of FDIs exposes the Fund to additional risks, including volatility risk, management risk, market risk, credit risk and liquidity risk.
Investment involves risk. The Fund may expose its investors to capital loss. Investors should not make decisions based on this material alone and should read the offering document for details, including the risk factors, charges and features of the Fund and its share classes.
Given RMB is currently not a freely convertible currency, payment of redemptions and/or dividend payment in RMB may be delayed due to the exchange controls and restrictions applicable to RMB. As offshore RMB (CNH) will be used for the valuation of RMB denominated Class(es), CNH rate may be at a premium or discount to the exchange rate for onshore RMB (CNY) and there may be significant bid and offer spreads and thus the value of the RMB denominated Class(es) will be subject to fluctuation. Any devaluation of RMB could adversely affect the value of investors’ investments in the RMB denominated Class(es) of the Fund.

A flexible low volatility portfolio aiming for high stable income potential

To strive for a sustainable long-term income distribution, our strategy adopts a differentiated approach of achieving yield, minimising reliance on equity appreciation – primarily seeking yield through fixed income and an option writing strategy.

The typical asset allocation of the portfolio has a relatively low volatility profile, dominated by fixed income credits, low beta equities and an option writing (income generating) structure.

A flexible low volatility portfolio aiming for high stable income potential

The typical asset allocation of the portfolio has a relatively low volatility profile, dominated by fixed income credits, low beta equities and an option writing (income generating) structure.

Typical asset allocation (%)¹

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Strive for high income potential via multiple sources

For a sustainable long-term income strategy, we strive to achieve higher natural yields (the cash generated from invested income sources) in order to minimise the need to rely on drawing from capital gains or principal capital.

Average yield breakdown by asset class (%)¹

Aim to generate a stable yield while emphasising downside protection

The tactical use of option-writing is key to our global multi-asset diversified income approach as it may provide a steady income stream potential in both up and down markets.

Option premium collected tends to increase with market volatility, which should be particularly rewarding during periods of market drawdown, when capital payout capabilities may be hampered.

Historical data shows that equity option strategies saw shallower drawdowns than the broad equity market during several market corrections since 2000.

Performance during market volatility²

Manulife Global Multi-Asset Diversified Income Fund

Aims to generate high, stable income through multiple traditional and non-traditional income sources.

Dividend schedule

(The distribution yield is not guaranteed. Distribution may be paid out of capital. Refer to Important Note 2.)

*Applicable to AA (USD) MDIST (G) Share class. A positive distribution yield does not imply a positive return.

Q&A with portfolio managers: Achieving high & stable income via a global multi-asset income strategy

Pursuing a regular and achieving a higher income from investment products is still a top priority for many investors in Asia. Geoffrey Kelley, and John F. Addeo, the portfolio managers, are sharing with us the investment philosophy of our multi-asset income strategy, and how they manage volatility in achieving a relative high- and stable-income payout across market cycles.

The key features of seeking a consistent, high income

To celebrate the 5^th anniversary and investment excellence of GMADI strategy in Asia, we are delighted to have Paul Kalogirou, Head of Client Portfolio Management, Asia & Global Multi-Asset Solutions, Client Portfolio Manager, to share with us

Why GMADI may be considered as a key core multi-asset income allocation within client portfolios,
The four key differentiating features of this strategy, and
What to watch for in 2024 and beyond.

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Contact your unit trust advisers or call our Customer Service at 03-2719 9271 for more details.

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Source: Manulife Investment Management, Barclays Point. As of June 30, 2023. Typical asset allocation and average yield breakdown by asset class are based on the average weightings within the portfolio over past three year. Holdings, sector weightings, market capitalisation and portfolio characteristics are subject to change at any time and are for illustrative and reference purpose only. This information does not constitute, and should not be construed as, investment advice or recommendations with respect to the securities and sectors listed. Yield breakdown by asset class is as of total portfolio yield. The above yield does not represent the distribution yield of the Fund and are not an accurate reflection of the actual return that an investor will receive in all cases. A positive distribution yield does not imply a positive return.
Source: Bloomberg, Morningstar. Equity option strategies refer to 50% CBOE S&P 500 BuyWrite Index and 50% CBOE S&P 500 PutWrite Index. It is not possible to invest directly in an index. No investment strategy or risk management technique can guarantee returns or eliminate risk in any market environment.
Dividend rate is not guaranteed. Dividends may be paid out of capital. Refer to important note 2. Please note that a positive distribution yield does not imply a positive return. Investors should not make any investment decision solely based on information contained in the table above. You should read the relevant offering document (including the key facts statement) of the fund for further details including the risk factors. Past performance is not indicative of future performance. Annualized yield = [(1+distribution per unit/exdividend NAV)^distribution frequency]–1, the annualized dividend yield is calculated based on the latest relevant dividend distribution with dividend reinvested, and may be higher or lower than the actual annual dividend yield.

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The above information has not been reviewed by the Securities Commission Malaysia (“SC”) and is subject to the relevant warning, disclaimer, qualification or terms and conditions stated herein. Investors are advised to read and understand the contents of the Master Prospectus dated 3 January 2023 and its First Supplemental Master Prospectus dated 20 October 2023; Master Prospectus dated 15 May 2023 and its First Supplemental Master Prospectus dated 20 October 2023; Prospectus dated 18 August 2022 and its First Supplemental Prospectus dated 30 December 2022; Prospectus dated 3 October 2023; Prospectus dated 19 June 2024; Prospectus dated 28 June 2024; Prospectus dated 10 September 2024; Information Memorandum dated 11 February 2020 and its First Supplemental Information Memorandum dated 31 January 2022 and its Second Supplemental Information Memorandum dated 10 August 2023 and its Third Supplemental Information Memorandum dated 2 January 2024; Master Information Memorandum dated 26 November 2019; Information Memorandum dated 11 February 2020 and its First Supplemental Information Memorandum dated 13 September 2021 and its Second Supplemental Information Memorandum dated 31 January 2022 and its Third Supplemental Information Memorandum dated 21 August 2023 and its Fourth Supplemental Information Memorandum dated 2 January 2024; Information Memorandum dated 9 August 2021 and its First Supplemental Information Memorandum dated 10 August 2023 and its Second Supplemental Information Memorandum dated 2 January 2024; Information Memorandum dated 2 May 2023 and its First Supplemental Information Memorandum dated 2 January 2024; Information Memorandum dated 24 October 2024; Disclosure Document dated 14 February 2022 and its First Supplemental Disclosure Document dated 30 August 2023 for Manulife PRS NESTEGG Series; Disclosure Document dated 14 February 2022 and its First Supplemental Disclosure Document dated 30 August 2023 for Manulife Shariah PRS NESTEGG Series and all the respective Product Highlights Sheet(s) (collectively, the “Offering Documents”), obtainable at our offices or website, before investing. The Offering Documents have been registered with the SC, however the registration with the SC does not amount to nor indicate that the SC has recommended or endorsed the product. There are risks involved with investing in unit trust funds; wholesale funds and/or private retirement schemes. Some of these risks associated with investments in unit trust funds; wholesale funds and/or private retirement schemes are currency risk, country risk, credit and default risk, concentration risk, stock specific risk, reclassification of Shariah status risk, fund manager/ investment manager/target fund manager risk, liquidity risk and interest rate risk. For further details on the risk profile of all the funds, please refer to the Risk Factors section in the Offering Documents. The price of units and income distribution may go down as well as up. Investors should compare and consider the fees, charges and costs involved. Investors are advised to conduct own risk assessment and consult the professional advisers if in doubt on the action to be taken. Past performances are not an indication of future performances. Where a unit split/distribution is declared, investors are advised that following the issue of additional units/distribution, the NAV per unit will be reduced from the pre-unit split NAV/cum-distribution NAV to post-unit split NAV/ex-distribution NAV; and where a unit split is declared, the value of your investment in the Fund’s denominated currency will remain unchanged after the distribution of the additional units. You are advised not to solely rely upon the ratings or rankings disclosed herein in making an investment decision. The ratings or rankings disclosed herein are current; the same may change in the future.

The Manager, Manulife Investment Management (M) Berhad Registration No: 200801033087 (834424-U) (hereinafter referred to as “Manulife IM (Malaysia)”) is a wholly owned subsidiary of Manulife Holdings Berhad and holds a Capital Markets Services License for fund management, dealing in securities restricted to unit trusts, dealing in private retirement schemes and financial planning under the Capital Markets and Services Act 2007. Manulife IM (Malaysia) operates under the brand name of Manulife Investment Management which is the global wealth and asset management segment of Manulife Financial Corporation.