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MANULIFE GLOBAL FUND Société D'investissement À Capital Variable MANULIFE GLOBAL FUND Société d'Investissement à Capital Variable Unaudited Semi-Annual Report for the six month period ended 31 December 2019 No subscription can be received on the basis of financial reports. Subscriptions are only valid if made on the basis of the current prospectus, accompanied by the latest annual report and semi-annual report if published thereafter. SICAV R.C.S Luxembourg B 26 141 CONTENTS Directors ..................................................................................................................................................... 1 Management and Administration ............................................................................................................. 2 Directors’ Report ........................................................................................................................................ 4 Statement of Net Assets ........................................................................................................................... 10 Statistical Information ............................................................................................................................... 15 Statement of Changes in Net Assets ........................................................................................................ 20 Statement of Operations ........................................................................................................................... 26 Industrial Composition of Portfolios as a Percentage of Net Asset Value .............................................. 32 Portfolio of Investments ............................................................................................................................ 38 ASEAN Equity Fund ..................................................................................................................................... 38 Asia Total Return Fund .................................................................................................................................. 40 Asia Pacific REIT Fund .................................................................................................................................. 46 Asia Value Dividend Equity Fund .................................................................................................................. 48 Asian Equity Fund ........................................................................................................................................ 52 Asian High Yield Fund* ................................................................................................................................. 55 Asian Small Cap Equity Fund ........................................................................................................................ 58 China Total Return Bond Fund....................................................................................................................... 62 China Value Fund .......................................................................................................................................... 67 Dragon Growth Fund .................................................................................................................................... 70 Emerging Eastern Europe Fund ................................................................................................................... 72 European Growth Fund ................................................................................................................................ 74 Global Equity Fund ....................................................................................................................................... 77 Global Multi-Asset Diversified Income Fund ................................................................................................ 80 Global Property Fund .................................................................................................................................... 92 Global Resources Fund ................................................................................................................................ 95 Greater China Opportunities Fund ................................................................................................................ 98 Healthcare Fund ........................................................................................................................................... 101 India Equity Fund ......................................................................................................................................... 103 Japan Equity Fund (formerly known as Japanese Growth Fund) .................................................................. 105 Latin America Equity Fund ........................................................................................................................... 107 Preferred Securities Income Fund ................................................................................................................ 109 Strategic Income Fund ................................................................................................................................. 114 Taiwan Equity Fund ...................................................................................................................................... 127 U.S. Bond Fund ............................................................................................................................................ 129 U.S. Equity Fund (formerly known as American Growth Fund) ..................................................................... 145 U.S. Small Cap Equity Fund .......................................................................................................................... 147 U.S. Special Opportunities Fund ................................................................................................................... 150 Notes to the Financial Statements ........................................................................................................... 157 Information for Shareholders .................................................................................................................... 190 * Refer to note 11 DIRECTORS DIRECTORS Gianni Fiacco Paul Smith (Chairman) 16th Floor c/o Manulife Investment Management Lee Garden One (Hong Kong) Limited 33 Hysan Avenue 16th Floor Causeway Bay Lee Garden One Hong Kong SAR 33 Hysan Avenue Causeway BayHong Kong SAR John Li 19, rue de Bitbourg Christakis Partassides L -1273 Luxembourg 29-31 Kasou Street Grand Duchy of Luxembourg Flat 402 CY-1086 Nicosia Leonardo Zerilli Cyprus 200 Berkeley St Boston MA 02116 Yves Wagner United States of America 19, rue de Bitbourg L -1273 Luxembourg Grand Duchy of Luxembourg 1 MANULIFE GLOBAL FUND MANAGEMENT AND ADMINISTRATION Registered Office 31, Z.A. Bourmicht L - 8070 Bertrange Grand Duchy of Luxembourg R.C.S. Luxembourg B26141 MANAGEMENT COMPANY Investment Managers Carne Global Fund Managers Fiera Capital (UK) Limited (Luxembourg) S.A. 39, St. James’ Street 6B, route de Trèves London L-2633 Senningerberg SW1A 1JD Grand Duchy of Luxembourg United Kingdom (Investment Manager of the Emerging Eastern Distributor Europe Fund, Latin America Equity Fund, Russia Manulife Investment Management Equity Fund* (until 20 December 2019) and Turkey International Holdings Limited Equity Fund* (until 20 December 2019)) The Goddard Building Haggatt Hall Manulife Investment Management St. Michael (Hong Kong) Limited Barbados 16th Floor Lee Garden One Depositary, Administrator, 33 Hysan Avenue Registrar and Paying Agent Causeway Bay Citibank Europe plc, Luxembourg Branch Hong Kong SAR 31, Z.A. Bourmicht (Investment Manager of the ASEAN Equity Fund, L -8070 Bertrange Asia Total Return Fund, Asia Pacific REIT Fund, Grand Duchy of Luxembourg Asian Equity Fund, Asian High Yield Fund* (since 20 Tel: (352) 45 14 14 1 December 2019), Asian Small Cap Equity Fund, China Fax: (352) 45 14 14 332 Total Return Bond Fund, China Value Fund, Dragon Growth Fund, Greater China Opportunities Fund, Legal Advisers India Equity Fund, Japan Equity Fund (formerly known Luxembourg as Japanese Growth Fund) and Taiwan Equity Fund) Linklaters LLP Avenue J.F. Kennedy 35 T. Rowe Price International Ltd. L -1855 Luxembourg 60 Queen Victoria Street Grand Duchy of Luxembourg London EC4N 4TZ United Kingdom Hong Kong (Investment Manager of the European Growth Fund) Dechert 31st Floor, Jardine House One Connaught Place Central Hong Kong SAR Hong Kong Distributor Manulife Investment Management (Hong Kong) Limited 16th Floor Lee Garden One 33 Hysan Avenue Causeway Bay Hong Kong SAR Tel: (852) 2510 3388 Fax: (852) 2810 9510 * Refer to note 11 MANULIFE GLOBAL FUND 2 MANAGEMENT AND ADMINISTRATION Manulife Investment Management (US) LLC Investment Advisers 197 Clarendon Street Manulife Investment Management (Taiwan) Co., Ltd. Boston, MA 02116 9/F, No.89 Sungren Road United States of America Taipei 11073 (Investment Manager of the Global Contrarian Fund* Taiwan (until 20 December 2019), Global Equity Fund, Global Republic of China Multi-Asset Diversified Income Fund, Global Property (Investment Adviser to the Investment Manager of Fund, Global Resources Fund, Healthcare Fund, the Taiwan Equity Fund) Preferred Securities Income Fund, Strategic Income Fund, U.S. Bond Fund, U.S. Equity Fund (formerly Auditor known as American Growth Fund), U.S. Small Cap PricewaterhouseCoopers Société coopérative
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