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Dragon Growth Fund Manulife Global Fund

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Dragon Growth Fund Manulife Global Fund Dragon Growth Fund Manulife Global Fund Class I6 USD Acc All data as at 31 May 2021 THE FUND FUND FACTS The Fund seeks to achieve capital growth over the long-term through investment in high quality companies across the market capitalization spectrum, with significant exposure to China and Investment Team Years of experience Hong Kong, along with good earnings growth potential and trade at reasonable valuations. These companies include, but are not limited to, Chinese and Hong Kong stocks that are listed on the Kai Kong Chay, CFA 24 Stock Exchange of Hong Kong Limited and/or the Growth Enterprise Market of the Stock Exchange Winson Fong, CFA (backup PM) 36 of Hong Kong Limited. Process The investment team believes that the Chinese market is largely inefficient. The team seeks to Investment Strategy capitalize on these inefficiencies by investing in companies with attractive growth outlooks and recognized catalysts that are trading at inexpensive valuations relative to their growth rates, which Strategy Inception January 2006 we believe may lead to superior investment returns. Strategy AUM (Mar. 31, 2021) USD 553.8M Portfolio ● Typically 40-55 stocks, max weight for single stock is 10% ● Tracking Error: Not targeted but generally between 2–8% Fund Information Experience ● Portfolio managers have an average of 30 years’ experience Inception Date December 1996 PERFORMANCE Benchmark Index MSCI Zhong Hua Index1 Fund Size USD 607.4M Fund: I6 USD Acc share class, total return in USD net of fees, as at 31 May 2021. Domicile Luxembourg I6 USD share class inception: 21 Dec. 2020. Index: MSCI Zhong Hua Index. 260 Umbrella Manulife Global Fund Fund Index Dealing Deadline 4pm Luxembourg Time (daily) 240 220 Share Classes 200 180 Inception Date 21 December 2020 ISIN LU2225685440 160 I6 USD MF 0.90% 140 OCF 1.09% Minimum investment 120 (I6 Class) USD 1 Million 100 MF: Management fee OCF: Ongoing charges figure (total expenses p.a.) 80 Dec-16 May-17 Oct-17 Mar-18 Jul-18 Dec-18 May-19 Oct-19 Mar-20 Aug-20 Jan-21 May-21 Portfolio Parameters Returns (periods over 1 year are annualised) % total return 1 month 3 months YTD 1 year 3 years 5 years Since inception No. of holdings 40-55 Fund 0.0 -4.5 3.3 51.5 12.4 - 20.8 Max stock weight Single stock weight Index 0.9 -2.9 3.2 39.9 8.1 - 15.5 max is 10% Tracking error (not targeted) Expected to Monthly Returns be within 2-8% p.a. % total return Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD Fund 7.6 0.6 -8.0 3.7 0.0 - - - - - - - 3.3 2021 Index 6.6 -0.2 -5.3 1.7 0.9 - - - - - - - 3.2 Fund -5.2 0.8 -8.4 9.4 2.2 13.7 9.5 3.2 -2.9 3.9 7.7 5.0 43.6 2020 Index -4.7 0.5 -7.7 6.5 -1.9 9.4 7.9 6.0 -3.1 4.4 3.9 3.1 25.1 Fund 9.3 5.4 0.4 2.2 -11.0 7.8 -0.3 -4.2 -0.1 5.2 1.1 6.5 22.6 2019 Index 10.2 4.0 2.2 2.0 -11.5 7.8 -1.2 -5.1 -0.2 4.2 1.1 7.5 20.7 Source:Manulife Investment Management. The graph and tables above show the simulated past performance of the fund based on the launched AA USD class from share class inception date, 14 December 2016 to 20 December 2020. This simulation takes into account the difference in ongoing charges of the I6 USD Acc class. Thereafter from 21 December 2020 the fund perfomance is the class I6 USD Acc. Past performance is not indicative of future results. The Fund’s investment return and principal value will change with market conditions and you may have a gain or loss when you sell your shares. Changes in exchange rates may have an adverse effect. Performance data source: Manulife Investment Management, based upon Class AA Shares in USD and Class I6 Acc Shares in USD, includes fees and charges. Returns greater than one year are annualised. Current performance may differ from figures shown. 1 The benchmark was changed from FTSE Hong Kong Index to MSCI Zhong Hua Index in August 2009. For Investment Professional use only. Not for distribution to the public. Dragon Growth Fund Manulife Global Fund Class I6 USD Acc All data as at 31 May 2021 PORTFOLIO Portfolio Characteristics Top Ten Holdings (%) Fund Index Fund Index Wtd. Avg. Market Cap ($M) 141,210 210,143 Tencent Holdings 7.2 12.1 Median Market Cap ($M) 18,228 8,557 Alibaba Group 5.6 10.8 Number of holdings 60 729 AIA Group 4.8 4.1 Price/Book Ratio (X) 2.8 2.0 Meituan 3.7 3.6 P/E Ratio (1yr forward) (X) 17.5 14.4 China Merchants Bank Co. 3.3 0.9 Debt/Capital (%) 32.5 46.6 Hong Kong Exchanges & Clearing 3.2 2.0 EPS L-T Growth Rate (%) 19.0 18.2 I-MAB 2.7 0.1 ROE (%) 12.5 11.5 Bilibili 2.6 0.5 Operating Margin (%) 10.5 11.3 Ping An Insurance 2.4 1.8 Wuxi Biologics 2.1 1.4 Sector Allocation (%) 35 Fund Index 30 28.6 27.0 25 20 18.8 16.8 16.8 15.4 15 9.8 10 7.6 6.8 6.9 6.2 5.7 5.5 6.5 3.5 4.6 4.2 5 3.0 1.0 1.1 2.2 0.0 0 Communication Consumer Consumer Energy Financials Health Industrials Information Materials Real Utilities Services Discretionary Staples Care Technology Estate FIND OUT MORE This Sub-Fund is authorised in Luxembourg and regulated by the Commission de Surveillance du less research information available about the company, and their management may be dependent Secteur Financier (CSSF). on a few key individuals. The Investment Manager is Manulife Investment Management (Hong Kong) Limited. Geographical Concentration Risk: the concentration of the Sub-Fund's investments in Hong Kong-related or PRC-related companies may result in greater volatility than portfolios which In the UK: Issued and approved by Manulife Investment Management (Europe) Limited. Registered comprise broad-based global investments. in England No.02831891. Registered Office: One London Wall, London EC2Y 5EA. Authorised and regulated by the Financial Conduct Authority. In the EEA: Issued and approved by Manulife Risk of GEM: the GEM has been established as a market designed to accommodate companies Investment Management (Ireland) Limited. Registered office located Second Floor, 5 Earlsfort to which a high investment risk may be attached. Companies may list on the GEM with neither a Terrace, Dublin 2, D02 CK83, Ireland. track record of profitability nor any obligation to forecast future profitability. There are potential risks of investing in such companies. Investment in GEM stocks is more suited to professional and other The Depositary is Citibank Europe plc, Luxembourg Branch. sophisticated investors. This risk disclosure statement does not purport to disclose all the risks and The Dragon Growth fund is a sub-fund of Manulife Global Fund. The assets of this Sub-Fund are other significant aspects of the GEM. segregated from other sub-funds in Manulife Global Fund. Mainland China Investment Risk: investing in the securities markets in Mainland China is subject Further information about Manulife Global Fund, copies of its prospectus, annual and half yearly to the risks of investing in emerging markets generally as well as to specific risks relating to the reports may be obtained free of charge in English from the administrator, Citibank Europe plc, Mainland China market. Investing in Mainland China-related companies involves certain risks and Luxembourg Branch, at 31, Z.A. Bourmicht, L - 8070 Bertrange, Grand Duchy of Luxembourg, or special considerations not typically associated with investment in more developed economies or visit www.manulifeglobalfund.com. markets, such as greater political, tax, foreign exchange, liquidity and regulatory risk. The fund is not registered in every jurisdiction and this material and any related materials may not be People's Republic of China Tax Risk: the Sub-Fund may be exposed to risks associated with distributed or published in any jurisdiction where it would be contrary to local law or regulation. See changes in current Chinese tax laws, regulations and practice, which may have retrospective effect. the above website where the fund is registered. Investments via Stock Connect: as the Stock Connect is a pilot programme, there remains Any decision to invest in this Fund should be based upon a review of the terms of the prospectus, uncertainty regarding the application and interpretation of the relevant regulations, which are subject including the relevant supplement, the relevant KIID and the latest annual and semi-annual accounts to change and which may have retrospective effect. which are available in English at www.manulifeglobalfund.com. Liquidity and Volatility Risks: the Sub-Fund may invest in companies which are less well The MSCI Zhong Hua Index is a composite index that comprises the MSCI China and MSCI Hong established in their early stages of development. These companies may often experience significant Kong Index. The index captures large and mid cap representation across all China securities (B price volatility and low liquidity due to the low trading volume of their securities. Certain securities shares, H shares, Red Chips, P Chips and foreign listed shares) as well as Hong Kong securities.
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