Manulife Investments said Monday that it lowered MERs for some of its funds, effective September 15.

Management fees of select funds were also reduced effective October 1.

“These fee reductions, along with the experienced portfolio management and strength of Manulife, reaffirm our commitment to helping advisors meet their client needs,” said Derek Saliba, assistant vice president & head of mutual funds product, Manulife.

Fee changes have been applied to the following funds:

Current
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

Current
Mgmt.
Fee (%)

New Mgmt.
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

*The manager is waiving a portion of the management fee resulting in a reduction of the management fee charged as outlined above. Although the manager currently intends to continue these reductions for the foreseeable future, it reserves the right to stop waiving this portion of the fee at any time and without prior notice or consent.

MERs restated for Manulife Floating Rate Senior Loan Fund

Manulife Investments, the manager of the Manulife Floating Rate Senior Loan Fund (TSX:MFR.UN), also announced Monday that it has filed an amended and restated Management Report of Fund Performance (MRFP) for Class A and Class U securities of the Fund.

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 30, 2014, not 4.49% as originally stated. The MRFP has also been revised to reflect the correct management expense ratio before interest expense ratio for both Class A and Class U securities of 1.83% for the period ended June 30, 2014, not 3.54% as originally stated. Related impacts to the fund’s performance commentary in the results of operations section of the MRFP have also been corrected.

Manulife Investments is a division of Manulife Asset Management Ltd.