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John Hancock Investment Management announces fee reductions on five funds with a combined $7.7B in AUM

TSX/NYSE/PSE: MFCA A A A  SEHK: 945
BOSTON, July 1, 2021 /PRNewswire/ -A John Hancock Investment Management, a company of Manulife Investment Management, announced net fee reductions on five funds with a combined $7.7 billion in assets under management effective today, ranging from 2 basis points (bps) up to 13 basis points (bps). The reductions reflect contractual modifications to management fee schedules and/or reimbursement expenses for the funds and certain management fee waivers according to asset level breakpoint schedules. These changes pass additional value to shareholders through the benefit of scale. Over the past 10 years, 87% of John Hancock Investment Management's fund assets have experienced reductions in net expense ratios, due to either management actions or asset growth.1
John Hancock Investment Management announces fee reductions on five funds with a combined $7.7B in AUM
The funds impacted by the net fee reductions are John Hancock Strategic Income Opportunities fund, subadvised by Manulife Investment Management; John Hancock Classic Value fund, subadvised by Pzena Investment Management; John Hancock ESG Large Cap Core fund, subadvised by Trillium Asset Management; John Hancock Fundamental All Cap Core fund, subadvised by Manulife Investment Management; and John Hancock ESG International Equity fund, subadvised by Boston Common Asset Management.

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