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John Hancock Tax-Advantaged Global Shareholder Yield Fund (HTY) is a diversified, closed-end management investment company based in Massachusetts. Managed by John Hancock Advisers, LLC and subadvised by Epoch Investment Partners, the Fund aims to provide a total return that combines a high level of current income and gains with long-term capital appreciation. The Fund seeks to achieve favorable after-tax returns for its shareholders by minimizing the U.S. federal income tax consequences on income and gains generated.
Established with a rich heritage dating back to 1862, John Hancock Investments is a premier asset manager, representing one of America's most trusted brands. The company operates under a unique multimanager approach, leveraging the expertise of 27 distinct asset managers, 71 proven portfolio teams, and 114 different investment strategies, including ETFs. This approach ensures diversified investments and strong risk-adjusted returns across various asset classes.
In a recent update, John Hancock Tax-Advantaged Global Shareholder Yield Fund announced significant changes in its management and structure. Effective November 1st, portfolio manager William Priest, CFA, will assume the role of Vice-Chair TD Wealth and will no longer be named a Co-Portfolio Manager of the Fund as of March 31, 2024. The remaining portfolio managers include Michael A. Welhoelter, CFA, Kera Van Valen, CFA, and John Tobin, PhD, CFA, from Epoch Investment Partners.
In December 2023, the Board of Trustees decided to reorganize the Fund into the John Hancock Global Shareholder Yield Fund (JGYIX), an open-end fund also managed by John Hancock Investment Management and subadvised by Epoch Investment Partners. This reorganization aims to provide shareholders with benefits from economies of scale and continued investment management services by Epoch. Subject to shareholder approval, the reorganization is expected to close on or about April 26, 2024.
With over $148 billion in assets under management, John Hancock Investment Management is part of Manulife Investment Management, a global brand under Manulife Financial Corporation. Drawing on centuries of financial stewardship, the company serves individuals, institutions, and retirement plan members worldwide. Their commitment to responsible investing and high standards of stewardship makes them a reliable partner for various financial needs.
The John Hancock Tax-Advantaged Global Shareholder Yield Fund (NYSE: HTY) announced a significant update to its investment policies, approved by the Board of Trustees. This change allows the Fund to invest at least 40% of its total assets in non-U.S. securities under normal conditions, with a minimum of 30% in unfavorable market scenarios. The new policy aims to enhance shareholder interests and will take effect on October 1, 2022.
This decision reflects the fund's strategic shift towards greater global diversification.
The John Hancock Tax-Advantaged Dividend Income Fund (HTD) and the John Hancock Tax-Advantaged Global Shareholder Yield Fund (HTY) announced changes to their investment policies on June 24, 2021. The Funds will eliminate the options strategy managed by Wells Capital Management, enhancing their ability to meet investment objectives. Advisory fees will also decrease: HTD's fee will drop from 0.75% to 0.74%, while HTY's will fall from 0.95% to 0.90%. These changes take effect on or before August 23, 2021.
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