Manulife unveils five funds

Toronto-based Manulife Mutual Funds has added five new funds to its lineup: Manulife U.S. Monthly High Income Fund, Manulife U.S. Dividend Class Fund, Manulife U.S. Dividend Registered Fund, Manulife U.S. Dollar U.S. All Cap Equity Fund and Manulife U.S. Dollar Strategic Balanced Yield Fund. These funds expand the U.S. equities and balanced fund offering from Manulife Mutual Funds and will be managed by Toronto-based Manulife Asset Management Ltd. Advisor commissions are 0%-5% for front-end sales, 5% for deferred sales and 2% for the low-load option. Redemption fees begin at 6% in Year 1 and end at zero after Year 6 for the regular DSC schedule; or begin at 3% in Year 1 and end at zero after Year 3 of the low-load schedule. Trailing commissions are 1% for front-end and low-load sales; and 0.5% for the first six years of deferred sales, and 1% thereafter. Management fees for Manulife U.S. Dividend Registered Fund, Manulife U.S. Dollar U.S. All Cap Equity Fund and Manulife U.S. Dividend Class are 2% for A-class units and 1% for F-class units; for Manulife U.S. Dollar Strategic Balanced Yield Fund and Manulife U.S. Monthly High Income Fund, they are 1.95% for A-class units and 0.95% for F-class units. Minimum investment in each fund is $500.

Compiled by Clare O’Hara (cohara@investmentexecutive.com).