John Hancock Investments announced that the expense ratios for its nine sector ETFs subadvised by Dimensional Fund Advisors, LP, its Floating Rate Income Fund subadvised by Bain Capital Credit, and its Small Cap Value Fund subadvised by Wellington Management were reduced effective January 1, 2019.
The net expense ratios on these funds were reduced by an average of approximately 10 basis points. The reductions in fees reflect a combination of direct management fee cuts, contractual expense caps and new breakpoints. John Hancock Investments is committed to offering actively-managed, strategic portfolio solutions to investors at a competitive price.
“Providing shareholder value is intrinsic to John Hancock Investment’s multimanager model; we are keenly aware of the landscape and how competitive fees, in addition to performance, can impact a portfolio,” said Andrew Arnott, President and Chief Executive Officer, John Hancock Investments and Head of Wealth and Asset Management, United States and Europe, John Hancock and Manulife. “We are pleased to offer to shareholders our due diligence process, combined with the investment prowess of our subadvisors, at a reduced fee.”
To further the opportunity available to John Hancock’s shareholders, new breakpoints were announced on the Disciplined Value International Fund subadvised by Boston Partners (ticker: JDVIX) and the Absolute Return Currency Fund subadvised by First Quadrant (ticker: JCUIX). These breakpoint additions are not an immediate fee reduction, but as assets grow in these funds, investors will experience fee savings.
The following John Hancock funds experienced fee reductions over the past 12 months.
|Fund||Ticker||New prospectus net total expense ratio (%)||New Gross Expense Ratio (%)||Effective Date||Reduction as of January 1, 2019 (bps)|
|Multifactor Consumer Discretionary ETF||JHMC||0.40||0.78||01/01/19||-10|
|Multifactor Consumer Staples ETF||JHMS||0.40||1.04||01/01/19||-10|
|Multifactor Energy ETF JHME||JHME||0.40||1.05||01/01/19||-10|
|Multifactor Financials ETF||JHMF||0.40||0.68||01/01/19||-10|
|Multifactor Healthcare ETF||JHMH||0.40||0.76||01/01/19||-10|
|Multifactor Industrials ETF||JHMI||0.40||0.94||01/01/19||-10|
|Multifactor Materials ETF||JHMA||0.40||0.98||01/01/19||-10|
|Multifactor Technology ETF||JHMT||0.40||0.66||01/01/19||-10|
|Multifactor Utilities ETF||JHMU||0.40||1.07||01/01/19||-10|
|Fund*||Ticker||New prospectus net total expense ratio (%)||New Gross Expense Ratio (%)||Effective Date||Reduction as of January 1, 2019 (bps)|
|JHF Enduring Assets Fund**||JEEIX||1.00||1.08||03/01/18||-17|
|JHFII Floating Rate Income Fund||JFIIX||0.79||0.89||01/01/19||-8|
|JHFII Small Cap Value Fund||JSCBX||1.22||1.23||01/01/19||-7|
*Share class I
**Effective March 1, 2019, the fund will be named John Hancock Infrastructure Fund
To find more information about John Hancock Investments, and to compare these funds with others in their categories please visit: JHInvestments.com/register
Clients should carefully consider a fund’s investment objectives, risks, charges, and expenses before investing. To request a prospectus or summary prospectus with this and other important information, call us at 800-225-6020, or visit us at jhinvestments.com.
Investing involves risks, including the potential loss of principal.
John Hancock ETFs are distributed by Foreside Fund Services, LLC, and are subadvised by Dimensional Fund Advisors LP. Foreside is not affiliated with John Hancock Funds, LLC or Dimensional Fund Advisors LP.
ETF shares are bought and sold through exchange trading at market price (not NAV), and are not individually redeemed from the fund. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns.
John Hancock & Profibusiness.world
February 08, 2019