Morningstar Fund Report  | 07/04/2025Print

Manulife Global Fund - Global Semiconductor Opportunities Fund AA

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Manulife Global Fund - Global Semiconductor Opportunities Fund AA
Fund25.3-10.89.510.7-23.8
+/-Cat6.52.0-1.0-3.1-10.7
+/-B’mrk8.2-1.3-2.7-2.2-13.6
 
Category: US Small-Cap Equity
Category Benchmark: Morningstar US Small Extend...
Key Stats
NAV
07/04/2025		 USD 1.67
Day Change -1.16%
Morningstar Category™ US Small-Cap Equity
ISIN LU0274383776
Fund Size (Mil)
04/04/2025		 USD 17.61
Share Class Size (Mil)
04/04/2025		 USD 16.94
Max Initial Charge 5.00%
Ongoing Charge
16/02/2024		  1.88%
Investment Objective: Manulife Global Fund - Global Semiconductor Opportunities Fund AA
The Fund aims to make diversified investments by investing at least 70% of its net assets in equity and equity related securities of smaller capitalisation companies covering different sectors of the economy in the U.S. and which are listed on any stock exchange. Such equity and equity related securities include common stocks, preferred stocks and depositary receipts. The remaining assets of the Sub-Fund may include bonds (which may be below investment grade (i.e. below Baa3 by Moody's or BBB- by Standard & Poor's or Fitch) or unrated) and deposits. While the Sub-Fund will invest in accordance with its investment objective and strategy, subject to applicable laws and regulations, the Sub-Fund is not otherwise subject to any limitation on the portion of its net assets that may be invested in any one country or sector. The Sub-Fund's investments are primarily denominated in U.S. Dollars.
Returns
Trailing Returns (GBP)07/04/2025
YTD-33.11
3 Years Annualised-9.13
5 Years Annualised5.84
10 Years Annualised5.19
12 Month Yield 0.00
Dividend Paying Frequency Annually
Management
Manager Name
Start Date
Bill Talbot
04/01/2013
Joseph Nowinski
31/10/2022
Click here to see others
Inception Date
30/11/2006

Category Benchmark
Fund BenchmarkMorningstar Benchmark
Russell 2000 TR USDMorningstar US Small Extended NR USD
Portfolio Profile for  Manulife Global Fund - Global Semiconductor Opportunities Fund AA31/01/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock95.700.0095.70
Bond0.000.000.00
Property0.000.000.00
Cash4.300.004.30
Other0.000.000.00
Top 5 Regions%
United States96.26
Asia - Developed2.52
Europe - ex Euro1.23
Canada0.00
Latin America0.00
Top 5 Sectors%
Technology21.70
Industrials20.22
Healthcare14.03
Financial Services12.50
Consumer Cyclical11.26
Top 5 HoldingsSector%
SouthState CorpFinancial ServicesFinancial Services2.61
Lithia Motors Inc Class AConsumer CyclicalConsumer Cyclical2.55
Madison Square Garden Sports Cor... Communication ServicesCommunication Services2.26
Arcosa IncIndustrialsIndustrials2.25
Pinnacle Financial Partners IncFinancial ServicesFinancial Services2.18
Increase Decrease New since last portfolio
Manulife Global Fund - Global Semiconductor Opportunities Fund AA
Growth Of 1000 (GBP) 31/03/2025
Fund:  Manulife Global Fund - Global Semiconductor Opportunities Fund AA
Category:  US Small-Cap Equity
Category Index:  Morningstar US Small Extended NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-15.1321.5220.8025.33-10.759.4710.66-23.78
+/- Category-10.450.28-2.726.482.01-1.04-3.09-10.72
+/- Category Index---8.16-1.26-2.69-2.18-13.56
% Rank in Category93494528565971100
Trailing Returns (GBP)07/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-1.16   3.011.79
1 Week-12.24   -3.06-2.75
1 Month-19.62   -6.97-6.35
3 Months-34.52   -14.05-13.83
6 Months-27.87   -13.56-13.87
YTD-33.11   -13.53-14.20
1 Year-26.90   -13.07-16.54
3 Years Annualised-9.13   -7.00-7.42
5 Years Annualised5.84   -5.67-7.18
10 Years Annualised5.19   -2.34-1.36
 
Category: US Small-Cap Equity
Category Index: Morningstar US Small Extended NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-23.78---
20244.69-4.200.859.40
20232.493.00-2.186.00
20220.50-13.096.27-3.84
202118.182.18-0.544.36
2020-21.9826.152.9319.23
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearLowAverage1 star
5-YearBelow AverageAverage2 star
10-YearLowAverage2 star
OverallLowAverage2 star
 
Category :  US Small-Cap EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev20.70 %
3-Yr Mean Return-4.37 %
 
3-Yr Sharpe Ratio-0.41
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar US Small Extended NR USD  Morningstar US Small Extended NR USD
3-Yr Beta0.910.91
3-Yr Alpha-8.85-8.85
 
Investment Style Details31/01/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 4614-
Market Capitalisation% of Equity
Giant0.00
Large1.23
Medium5.06
Small68.41
Micro25.31
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings18.511.06
Price/Book2.190.92
Price/Sales1.711.09
Price/Cash Flow10.710.96
Dividend-Yield Factor1.080.96
 
Long-Term Projected Earnings Growth7.250.75
Historical Earnings Growth2.020.33
Sales Growth6.991.40
Cash-Flow Growth9.501.65
Book-Value Growth7.371.05
 
Category: US Small-Cap Equity
Asset Allocation31/01/2025
Asset Allocation
 % Long% Short% Net Assets
Stock95.700.0095.70
Bond0.000.000.00
Property0.000.000.00
Cash4.300.004.30
Other0.000.000.00
World Regions31/01/2025
 % of EquityRelative to Category
United States96.261.00
Canada0.000.00
Latin America0.000.00
United Kingdom0.000.00
Eurozone0.000.00
Europe - ex Euro1.235.18
Europe - Emerging0.00-
Africa0.00-
Middle East0.000.00
Japan0.000.00
Australasia0.000.00
Asia - Developed2.5229.58
Asia - Emerging0.000.00
 
Category: US Small-Cap Equity
Sector Weightings31/01/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials4.371.19
Consumer CyclicalConsumer Cyclical11.260.94
Financial ServicesFinancial Services12.500.81
Real EstateReal Estate4.871.03
Consumer DefensiveConsumer Defensive1.720.45
HealthcareHealthcare14.031.01
UtilitiesUtilities1.270.58
Communication ServicesCommunication Services3.271.49
EnergyEnergy4.781.06
IndustrialsIndustrials20.220.93
TechnologyTechnology21.701.38
 
Category: US Small-Cap Equity
Top 10 Holdings31/01/2025
 Portfolio NEW
Total Number of Equity Holdings73
Total Number of Bond Holdings0
Assets in Top 10 Holdings21.31
NameSectorCountry% of Assets
SouthState Corp103United States2.61
Lithia Motors Inc Class A102United States2.55
Madison Square Garden Sports Corp Cla... 308United States2.26
Arcosa Inc310United States2.25
Pinnacle Financial Partners Inc103United States2.18
Cullen/Frost Bankers Inc103United States1.98
Regal Rexnord Corp310United States1.92
Atlantic Union Bankshares Corp103United States1.86
CommVault Systems Inc311United States1.86
Banner Corp103United States1.84
 
Increase Decrease New since last portfolio
Category: US Small-Cap Equity
 
Management
Name of CompanyManulife Investment Management (Ireland) Limited
Phone-
Website -
AddressManulife Investment Management (Ireland) Limited
 -   -
 Ireland
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date30/11/2006
Fund Advisor(s)
Manulife Investment Management (US) LLC
Fund ManagerBill Talbot
Manager Start Date04/01/2013
Career Start Year1986
Education
Trinity College, B.S.
Dartmouth College (Tuck), M.B.A.
 
Biography
Bill Talbot, CFA is a senior managing director and senior portfolio manager for Manulife Investment Management. He is the head of US Small Cap Equities and his responsibilities include the construction of the US Small Cap Core and Value Portfolios and the integrity of the research process for the Small Cap Equity Team. Bill focuses exclusively on US small cap investing, and his responsibilities include fundamental and industry-level research for consumer discretionary and utilities. Prior to joining Manulife, Bill spent 15 years investing in US small cap equities at UBS Global Asset Management. Prior to that, he invested in private debt and equity for the Travelers Companies. There, he financed expansion, buyouts, recapitalizations, and spin-offs. Bill initiated some of Traveler’s earliest non-US investments and represented the company on two private equity fund advisory boards. He is a CFA charterholder. Education: Trinity College (US), BS; Tuck School at Dartmouth College (US), MBA Joined Company: 2013 Began Career: 1986
Fund ManagerJoseph Nowinski
Manager Start Date31/10/2022
Career Start Year1992
Education
DePaul University, B.S.
 
Biography
Joseph Nowinski is a managing director and portfolio manager at Manulife Investment Management. Joe focuses exclusively on US small cap investing and his responsibilities include both construction of the US Small Cap Value Portfolio and fundamental research on the energy, material, industrial and REIT sectors. Prior to joining Manulife Investment Management, Joe spent eight years with UBS Global Asset Management as a both a portfolio manager and senior investment analyst. Before UBS, Joe spent six years with Citigroup Global Asset Management as a senior equity analyst. His responsibilities at Citigroup included covering the retail, healthcare services, and REIT sectors. His training is as a fundamental analyst, valuing companies in terms of intrinsic value and normalized earnings power. Education: DePaul University (US), BS Joined Company: 2013 Began Career: 1992
Fund ManagerRyan Davies
Manager Start Date31/10/2022
Career Start Year1996
 
Biography
Ryan focuses exclusively on small- and mid-cap investing, and his responsibilities include portfolio construction and fundamental research on companies in the technology and communication services sectors. Prior to joining the firm, Ryan spent nearly 14 years as a small-cap senior analyst at Cortina Asset Management, focused on technology stocks, and before that, he was an analyst at U.S. Bank and Montgomery Asset Management. Ryan began his career as an accountant at Pricewaterhouse Coopers. He holds the Chartered Financial Analyst designation. Education: B.S., Accounting, Indiana University Joined the company: 2018 Began career: 1996
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge5.00%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.50%
Ongoing Charge1.88%
Purchase Details
Minimum Investments
Initial1000  USD
Additional100  USD
Savings-
Tax Free Savings Schemes
ISAsYes