John Hancock Reduces Fees On 12 Additional Funds - InsuranceNewsNet

Advisor News

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Advisor News
Topics
  • Life Insurance
  • Annuity News
  • Health/Employee Benefits
  • Property & Casualty
  • Advisor News
  • Washington Wire
  • Fiduciary Rule
  • INN Exclusives
  • Newswires
  • INNsider
  • INN Exclusives
  • NewsWires
  • Magazine
Sign in or register to be an INNsider.
  • INN Exclusives
  • NewsWires
  • ★ Regulation News
  • Podcast
  • Magazine
  • About
  • Advertise
  • Editorial Staff
  • Contact
  • Susbcribe

Get Social

  • Facebook
  • Twitter
  • LinkedIn
  • Google+
Insider
Advisor News
Advisor News RSS Get our newsletter
Order Prints Share
February 5, 2019 Advisor News No comments Views: 18

John Hancock Reduces Fees On 12 Additional Funds

PR Newswire

BOSTON, Feb. 5, 2019 /PRNewswire/ -- John Hancock Investments today 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.

Exchange Traded Funds

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

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

Mutual Funds

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.

About John Hancock and Manulife
John Hancock is a division of Manulife Financial Corporation, a leading international financial services group that helps people make their decisions easier and lives better. We operate primarily as John Hancock in the United States, and Manulife elsewhere. We provide financial advice, insurance and wealth and asset management solutions for individuals, groups and institutions. Assets under management and administration by Manulife and its subsidiaries were over CAD$1.1 trillion (US$863 billion) as of September 30, 2018. Manulife Financial Corporation trades as MFC on the TSX, NYSE, and PSE, and under 945 on the SEHK. Manulife can be found at manulife.com.

One of the largest life insurers in the United States, John Hancock supports approximately 10 million Americans with a broad range of financial products, including life insurance, annuities, investments, 401(k) plans, and college savings plans. Additional information about John Hancock may be found at johnhancock.com.

John Hancock Funds, LLC, member FINRA, SIPC

Cision View original content:http://www.prnewswire.com/news-releases/john-hancock-investments-reduces-fees-on-12-additional-funds-providing-more-value-to-investors-300790040.html

SOURCE John Hancock Investments

Older

EBSCO Industries’ Risk Consulting & Insurance Division Announces New Name

Newer

Hooker & Holcombe Positioned for Growth Within its Actuarial Services Group

Annuity News

  • Securian Financial Posts Solid 2018
  • SEC Extends Comment Period For Proposed Rules On VA And Variable Life Disclosures
  • ‘Dream House’ Raffle Winner Choice: Historic California Home Or $5M Annuity?
  • RGA Announces Longevity Transaction With Manulife
  • Jackson National Inks Deal To Distribute Annuities To RIAs
More Annuity News

Health/Employee Benefits

  • Insurance Networks, Doctor Referrals Don’t Always Offer Full Picture
  • What Medicare For All Might Look Like If It Really Happened
  • Furloughed Workers Withdrew From Retirement Funds: Study
  • Democrats Roll Out Bill To Let Americans Buy Into Medicare At 50
  • Survey Finds Health Plans Are Struggling With Value-Based Reimbursement
More Health/Employee Benefits

Life Insurance

  • Securian Financial Posts Solid 2018
  • Understanding The Benefits Of Whole Life Insurance
  • Allianz Life Reports Solid 2018 Financial Results
  • Man Who Defraud Union In Life Insurance Scam Sentenced To Probation
  • SEC Extends Comment Period For Proposed Rules On VA And Variable Life Disclosures
Sponsor
More Life Insurance

Property and Casualty News

  • Opinion: Thwarting Trump On Climate Change Denial
  • How To Grow A Marijuana Business When Regulations Are Up In The Air
  • Governors Group Fighting Climate Change By Pursuing Reduced Carbon Emissions
  • Cost Of Winter Storms/Extreme Cold Lead To Billion-Dollar Damage In The U.S.
  • More Than 1.3M In Puerto Rico Face Food Shortage If U.S. Drops Hurricane Aid
More Property and Casualty News

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.
select Newsletter Options

Most Popular

  • What If The Market Goes Up? Why An FIA Is Better Than Stocks
  • Understanding The Benefits Of Whole Life Insurance
  • Furloughed Workers Withdrew From Retirement Funds: Study
  • NAIC Group Puts IUL Illustration ‘Multipliers’ Under Microscope
  • Regulations, Cybersecurity Are Biggest Risks For Financial Services: Survey

Featured Offers

Text Ads

Press ReleasesAll press releases

  • Great American’s Annuity Customers Share Their Secrets to a Great Retirement
  • Securian Financial Introduces Affordable, Protection-Focused IUL with No-Lapse Guarantee
  • TD Ameritrade Institutional Integrates with iPipeline to Automate New Account Opening
  • RFP R2019-78
  • Bunker Launches Live Certificates of Insurance, A Modern Solution to Insurance Fraud and Non-Compliance
Add your Press Release >

Topics

  • Life Insurance
  • Annuity News
  • Health/Employee Benefits
  • Property and Casualty News
  • Advisor News
  • Washington Wire
  • Regulation

Top Sections

  • INN Exclusives
  • INN Insider

Our Company

  • About
  • Editorial Staff
  • Advertise
  • Contact

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter Google+
© 2019 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • Sitemap
  • AdvisorNews

Sign in with your INNsider Account

Not registered? Become an INNsider.