In mid-September, Manulife Investments lowered the MERs of some of its funds. As well, the management fees of select funds were reduced, effective October 1, 2014.

Fee changes have been applied to the following funds:

Previous MER (%) New MER Targets (%)
Series F and FT
Manulife Asia Equity Class 1.64 1.44
Manulife Asia Total Return Bond Fund 1.40 1.20
Manulife Canadian Opportunities Balanced Class 1.40 1.20
Manulife Canadian Opportunities Balanced Fund 1.40 1.20
Manulife Global Infrastructure Class 1.68 1.50
Manulife Global Infrastructure Fund 1.68 1.50
Manulife U.S. All Cap Equity Class 1.45 1.30
Manulife U.S. All Cap Equity Fund 1.45 1.30
Manulife U.S. Dollar U.S. All Cap Equity Fund 1.45 1.30
Manulife U.S. Dividend Registered Fund 1.45 1.30
Manulife U.S. Dividend Class 1.45 1.30
Manulife U.S. Large Cap Equity Class 1.45 1.30
Manulife U.S. Large Cap Equity Fund 1.45 1.30
Advisor Series and Series T
Manulife Asia Equity Class 2.99 2.75
Manulife Asia Total Return Bond Fund 2.30 2.10
Manulife Canadian Opportunities Balanced Class 2.45 2.30
Manulife Canadian Opportunities Balanced Fund 2.45 2.30
Manulife China Class 3.15 2.75
Manulife World Investment Fund 2.68 2.59
Previous Management Fee (%) New Management Fee (%)*
Advisor Series and Series T
Manulife China Class 2.50 2.45
Elite Series  (Series I)
Manulife Asia Equity Class 1.20 1.10
Manulife Global Infrastructure Class 1.20 1.15
Manulife Global Infrastructure Fund 1.20 1.15

Additional notes

Manulife Investments, the manager of the Manulife Floating Rate Senior Loan Fund, also announced recently that it’s filed an amended and restated Management Report of Fund Performance (MRFP) for Class A and Class U securities of its senior loan fund.

Read: Seek safety in senior debt

As a result, the MRFP has been revised to reflect the correct management expense ratio and management expense ratio, excluding issue costs for both Class A and Class U securities. The correct amount is 2.78% for the period ended June 30th, 2014, not 4.49% as originally stated.

The MRFP for both Class A and Class U securities has also been revised to reflect the correct management expense ratio, before interest expense ratio, of 1.83% (for the period ended June 30th, 2014), rather than 3.54% as originally stated.

Read:

How to answer common fee questions

Manulife simplifies UL, changes advisor comp

Originally published on Advisor.ca

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