Howard C. Greene, the lead portfolio manager for the John Hancock Bond Fund, has just passed the 10-year milestone at the helm of the $1.4 billion fund. The fund is an income fund that seeks to generate a high level of current income consistent with prudent investment risk.
Greene, a CFA, is a senior portfolio manager with John Hancock Asset Management, the US division of Manulife Asset Management, the global asset management arm of Manulife Financial. His team at John Hancock and Manulife manages $14 billion in retail and institutional accounts, up from $3 billion in 2002.
The John Hancock Bond Fund, I share class, was honored with a three-year trophy for performance at the 2011 Lipper Awards in the category of Corporate Debt A-Rated Funds.
Overall, the fund's Class A shares are currently rated 4 stars and Class I shares are rated 5 stars by Morningstar. Class A shares were rated 5 stars out of 1015 funds, 3 stars out of 880 funds and 4 stars out of 606 funds for the 3-, 5- and 10-year periods, respectively, and Class I shares were rated 5 stars out of 1015 funds, 5 stars out of 880 funds and 5 stars out of 606 funds for the 3-, 5- and 10-year periods, respectively, all as of June 30, 2012, by Morningstar.
"While our strategy has been to maintain an overall investment grade portfolio and intermediate term duration, the fact that we also have the flexibility to use high yield bonds when those markets offer attractive opportunities - up to 25% of the portfolio - has contributed to our long-term performance," Greene said.
Mary Schroeder writes for Securities Technology Monitor.