LU1850216372

Manulife GF - Preferred Securities Income Fund SGD-Hedged (Dist.)(LU1850216372)

  • Fixed income
  • Investment grade
  • US
  • SGD Cash, SRS
  • Distributing
Invest with
SGD Cash, SRS
Payout type
Distributing
Risk rating
4
About this fund
Description
The Fund aims to provide income and potential capital appreciation by investing in preferred securities.
Key information
Annual report
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Product Highlight Sheet
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Prospectus
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Information Memorandum
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Factsheet
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Our perspective
Why we think this fund is best-in-class
product
Product
Provides diversified exposure to the U.S. preferred securities market, investing primarily in preferred stocks and subordinated debt securities. Preferred securities function as hybrid instruments, ranking lower than corporate bonds but higher than common equity in the capital structure, typically offering higher yields than traditional investment-grade credit. Preferred securities can be attractive because of the alpha opportunities in the diverse market, higher income potential than treasuries and investment grade credit, and diversification to other asset classes.
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people
People
Managed by a seasoned team of four Portfolio Managers (Joe Bozoyan, Caryn Rothman, James Gearhart, and Jonas Grazulis) with an average of 20 years of industry experience. Leverages insights from Manulife's other credit and equity research analysts; Manulife as a whole has been managing preferred securities as an asset class since 2005 across multiple accounts.
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performance
Performance
The Fund would likely outperform in a robust stock market and during times when the Fed tends to ease rates. Contrarily, in a poor credit market, during a period of perceived risk or when the fed tightens its policy on rates, the Fund could experience weaknesses.
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process
Process
Balances allocation across financial services, utilities and communication companies instead of following the broad market make-up, for which financial services companies account for two third of the total market. Employs clear sizing guidance to limit single issuer concentration - the average position size is about 2-3% with max position size set at 5%. Actively manage the duration exposure of the fund through adjusting allocation to fixed-to-floating rate securities and utilising US treasury hedges.
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cost
Cost
Endowus offers retail share class with 100% trailer fee rebated back to Endowus investors to achieve lower cost of access.
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selectionCriteria
How it fits in a portfolio
Serves as a specialized income satellite, offering investors access to the distinct risk-return profile of the U.S. preferred securities market. Suitable for income-seeking investors looking to diversify their fixed income allocation beyond traditional treasuries and corporate bonds, benefitting from the asset class's typically higher yields. Investors should be aware of the specific risks associated with the asset class, including sector concentration (often in financials and utilities) and subordination risk, and balance this exposure within a diversified multi-asset portfolio.
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Invest in this fund
Performance
Shows the total return of this distributing fund, which includes dividends paid out.
All Time
​
Total returns
All Time
17.65%
YTD
-1.82%
1 month
-2.76%
6 month
-2.98%
1 year
1.18%
3 year
14.89%
5 year
1.30%
As of Mar 2026
Distributions
8.08%
Frequency
Monthly
01 Apr 2026
Yield
7.10%As of Feb 2026
Risk metrics
Max drawdown
-21.08%As of Mar 2026
Volatility
10.72%As of Mar 2026
Calendar returns
YearTotalJanFebMarAprMayJunJulAugSepOctNovDec
2026-0.7%0.3%-2.8%---------
20252.4%0.3%0.3%-1.3%-1.5%0.9%1.5%0.9%1.1%1.2%-0.5%-0.7%0.0%
20247.9%1.7%0.4%1.7%-1.6%1.5%0.6%1.0%1.5%2.4%-0.7%0.4%-1.2%
20235.9%6.5%-1.1%-5.0%0.8%-1.5%1.9%1.4%-0.4%-1.3%-3.6%5.0%3.8%
2022-15.3%-2.7%-2.7%0.3%-4.0%-0.1%-4.6%3.4%0.5%-5.2%-1.4%1.4%-0.8%
Load more5 of 9
Top Exposures
Sempra2.72%
NextEra Energy Capital Holdings Inc2.25%
Dominion Energy Inc2.05%
Assurant Inc.1.69%
Global Atlantic Finance Co.1.47%
Athene Holding Ltd1.46%
Altagas Ltd1.45%
Enbridge Inc.1.45%
EUSHI Finance Inc.1.32%
South Bow Canadian Infrastructure Holdings Ltd.1.29%
National Rural Utilities Cooperative Finance Corp.1.22%
Telus Corp.1.21%
Brookfield Finance Inc.1.14%
Centerpoint Energy Inc1.09%
AES Corp.1.03%
Top exposures represent up to 15 of the fund's largest exposures for each category. Allocation percentages may not sum up to 100% and can include negative values due to rounding or trading activities by the underlying fund managers, including short positions.
Fund fees
1.30%0.75% p.a.
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Fund facts
ISIN
LU1850216372
Fund house
Manulife
Fund size
S$526.5M
As of 29 Apr 2026
Fund inception date
11 Sep 2018
Fund class currency
SGD
Fund share class
AA (SGD Hedged) MDIST (G)
Oldest share class ISIN
LU1813987101
Oldest share inception date
11 Sep 2018
Pricing frequency
Daily

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