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Global Equity Trust
mutual fund
JEFGX
Payout Change
Pending
Price as of:
$23.51
+0.14
+0.6%
primary theme
N/A
share class
JEFGX (Mutual Fund)
Global Equity Trust
Payout Change
Pending
Price as of:
$23.51
+0.14
+0.6%
primary theme
N/A
share class
JEFGX (Mutual Fund)
Global Equity Trust
Payout Change
Pending
Price as of:
$23.51
+0.14
+0.6%
primary theme
N/A
share class
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
11.9%
1 yr return
12.2%
3 Yr Avg Return
3.4%
5 Yr Avg Return
7.1%
Net Assets
$310 M
Holdings in Top 10
28.9%
52 WEEK LOW AND HIGH
$23.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.95%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 64.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
JEFGX - Profile
Distributions
- YTD Total Return 11.9%
- 3 Yr Annualized Total Return 3.4%
- 5 Yr Annualized Total Return 7.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.68%
- Dividend Yield 1.2%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameGlobal Equity Trust
-
Fund Family NameJohn Hancock Group of Funds
-
Inception DateMar 18, 1988
-
Shares Outstanding10550880
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerStephen Hermsdorf
Fund Description
The fund seeks to generate capital appreciation by investing at least 80% of net assets (plus borrowings for investment purposes) in a diversified portfolio of equity securities. This policy is subject to change only upon 60 days’ prior written notice to shareholders. Under normal market conditions, at least 40% of the value of the fund’s net assets will be invested in issuers domiciled outside of the United States (“Foreign Companies”), unless the manager deems market conditions and/or company valuations to be less favorable to Foreign Companies, in which case, the fund will invest at least 30% of the value of its net assets in Foreign Companies. Foreign Companies include issuers domiciled in emerging markets and securities for which the relevant reference entity is domiciled outside the United States, such as American Depositary Receipts (ADRs), that trade on U.S. exchanges. There are no limits on the market capitalization ranges of the companies in which the fund may invest. The fund may invest in the securities of large, medium, or small companies. In managing the fund, the manager seeks to identify undervalued companies that exhibit attractive valuations, solid business franchises, sustainable margins/cash flow, disciplined capital allocation, strong management teams, and strong balance sheets. The manager employs an unconstrained, bottom-up stock selection process based on disciplined fundamental research with the aim to create a diversified portfolio of quality global stocks of any size that not only demonstrate compelling value but also generate sustainable cash flows. Equity securities include common and preferred stocks and their equivalents, including depositary receipts, warrants, rights, and securities convertible into common or preferred stocks. The decision-making process involves candidate companies being screened for valuation, quality, and dividends, together with a detailed examination of the challenges and opportunities that exist for that business. The manager will assess the valuation opportunity for that company by establishing base-case, upside, and downside price targets. The manager will take into consideration the diversification benefits and the liquidity of the security before making the final investment decision. The fund may invest in cash, money market instruments, repurchase agreements, or other short-term instruments for the purposes of meeting redemption requests or making other anticipated cash payments. The manager considers environmental, social, and/or governance (ESG) factors, alongside other relevant factors, as part of its investment process. ESG factors may include, but are not limited to, matters regarding board diversity, climate change policies, and supply chain and human rights policies. The ESG characteristics utilized in the fund’s investment process may change over time and one or more characteristics may not be relevant with respect to all issuers that are eligible fund investments.
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JEFGX - Performance
Return Ranking - Trailing
| Period | JEFGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.9% | -14.1% | 10.1% | 14.29% |
| 1 Yr | 12.2% | 18.8% | 62.1% | 71.43% |
| 3 Yr | 3.4%* | 4.7% | 13.7% | 100.00% |
| 5 Yr | 7.1%* | 8.2% | 13.8% | 100.00% |
| 10 Yr | 5.1%* | 6.5% | 12.0% | 100.00% |
* Annualized
Return Ranking - Calendar
| Period | JEFGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 14.8% | 0.7% | 22.8% | 85.71% |
| 2022 | -23.1% | 9.1% | 28.3% | 100.00% |
| 2021 | 21.3% | -18.6% | -12.4% | 66.67% |
| 2020 | 4.2% | 16.7% | 24.8% | 100.00% |
| 2019 | 9.1% | 4.6% | 5.7% | 100.00% |
Total Return Ranking - Trailing
| Period | JEFGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.9% | -14.1% | 10.1% | 14.29% |
| 1 Yr | 12.2% | 18.8% | 62.1% | 71.43% |
| 3 Yr | 3.4%* | 4.7% | 13.7% | 100.00% |
| 5 Yr | 7.1%* | 8.2% | 13.8% | 100.00% |
| 10 Yr | 5.1%* | 6.5% | 12.0% | 100.00% |
* Annualized
Total Return Ranking - Calendar
| Period | JEFGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 14.8% | 0.7% | 22.8% | 85.71% |
| 2022 | -14.8% | 9.1% | 28.3% | 100.00% |
| 2021 | 21.3% | -16.2% | -1.7% | 83.33% |
| 2020 | 6.6% | 18.9% | 24.8% | 100.00% |
| 2019 | 16.0% | 4.7% | 9.5% | 20.00% |
NAV & Total Return History
JEFGX - Holdings
Concentration Analysis
| JEFGX | Category Low | Category High | JEFGX % Rank | |
|---|---|---|---|---|
| Net Assets | 310 M | 34.4 M | 25.6 B | 57.14% |
| Number of Holdings | 59 | 33 | 3148 | 71.43% |
| Net Assets in Top 10 | 89.5 M | 6.84 M | 4.3 B | 57.14% |
| Weighting of Top 10 | 28.90% | 17.0% | 56.2% | 42.86% |
Top 10 Holdings
- MICROSOFT CORP COMMON STOCK USD.00000625 4.31%
- APPLE INC COMMON STOCK USD.00001 3.60%
- PHILIP MORRIS INTERNATIONAL IN COMMON STOCK 3.25%
- SAMSUNG ELECTRONICS CO LTD PREFERENCE 2.90%
- ALPHABET INC COMMON STOCK USD.001 2.85%
- ELEVANCE HEALTH INC COMMON STOCK USD.01 2.81%
- CONOCOPHILLIPS COMMON STOCK USD.01 2.52%
- CRH PLC COMMON STOCK EUR.32 2.31%
- LOWE'S COS INC COMMON STOCK USD.5 2.20%
- GE HEALTHCARE TECHNOLOGIES INC COMMON STOCK USD.01 2.14%
Asset Allocation
| Weighting | Return Low | Return High | JEFGX % Rank | |
|---|---|---|---|---|
| Stocks | 95.22% | 97.72% | 99.59% | 14.29% |
| Preferred Stocks | 2.90% | 0.00% | 0.00% | 85.71% |
| Cash | 1.89% | 0.41% | 2.29% | 100.00% |
| Other | 0.00% | 0.00% | 0.37% | 85.71% |
| Convertible Bonds | 0.00% | 0.00% | 0.00% | 85.71% |
| Bonds | 0.00% | 0.00% | 0.30% | 85.71% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | JEFGX % Rank | |
|---|---|---|---|---|
| Healthcare | 14.84% | 5.48% | 21.16% | 42.86% |
| Technology | 13.54% | 20.65% | 26.69% | 85.71% |
| Financial Services | 12.96% | 8.55% | 16.51% | 100.00% |
| Communication Services | 11.60% | 4.12% | 14.32% | 14.29% |
| Consumer Defense | 10.80% | 7.35% | 34.37% | 42.86% |
| Industrials | 10.40% | 5.90% | 13.63% | 85.71% |
| Basic Materials | 9.57% | 0.00% | 5.49% | 57.14% |
| Consumer Cyclical | 7.96% | 3.46% | 15.18% | 71.43% |
| Energy | 5.32% | 0.00% | 2.13% | 85.71% |
| Utilities | 1.61% | 0.00% | 2.37% | 85.71% |
| Real Estate | 1.40% | 0.00% | 3.64% | 85.71% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | JEFGX % Rank | |
|---|---|---|---|---|
| US | 65.32% | 52.34% | 70.04% | 28.57% |
| Non US | 29.89% | 28.28% | 45.38% | 85.71% |
JEFGX - Expenses
Operational Fees
| JEFGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.95% | 0.27% | 1.80% | 42.86% |
| Management Fee | 0.80% | 0.09% | 0.80% | 85.71% |
| 12b-1 Fee | 0.05% | 0.05% | 0.25% | 20.00% |
| Administrative Fee | 0.25% | 0.04% | 0.31% | 85.71% |
Sales Fees
| JEFGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | N/A | N/A | N/A |
| Deferred Load | N/A | N/A | N/A | N/A |
Trading Fees
| JEFGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| JEFGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 64.00% | 17.00% | 120.00% | 100.00% |
JEFGX - Distributions
Dividend Yield Analysis
| JEFGX | Category Low | Category High | JEFGX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.25% | 0.00% | 0.00% | 85.71% |
Dividend Distribution Analysis
| JEFGX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Annually | Annually |
Net Income Ratio Analysis
| JEFGX | Category Low | Category High | JEFGX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.68% | 0.74% | 1.52% | 85.71% |
Capital Gain Distribution Analysis
| JEFGX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Daily | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Oct 24, 2024 | $0.290 | OrdinaryDividend |
| Oct 24, 2024 | $1.240 | CapitalGainLongTerm |
| Oct 25, 2022 | $0.606 | OrdinaryDividend |
| Oct 25, 2022 | $1.425 | CapitalGainShortTerm |
| Oct 26, 2020 | $0.249 | OrdinaryDividend |
| Oct 26, 2020 | $0.174 | CapitalGainShortTerm |
| Nov 21, 2019 | $0.350 | OrdinaryDividend |
| Aug 22, 2019 | $0.074 | OrdinaryDividend |
| Aug 22, 2019 | $0.724 | CapitalGainLongTerm |
| Nov 20, 2018 | $0.353 | OrdinaryDividend |
| Aug 23, 2018 | $0.042 | ExtraDividend |
| Nov 21, 2017 | $0.391 | OrdinaryDividend |
| Aug 24, 2017 | $0.009 | ExtraDividend |
| Nov 22, 2016 | $0.810 | OrdinaryDividend |
| Aug 25, 2016 | $0.032 | ExtraDividend |
| Aug 26, 2015 | $0.048 | ExtraDividend |
| Nov 26, 2013 | $0.256 | OrdinaryDividend |
| Nov 27, 2012 | $0.287 | OrdinaryDividend |
| Aug 24, 2012 | $0.037 | OrdinaryDividend |
| Dec 22, 2011 | $0.276 | OrdinaryDividend |
| Aug 26, 2011 | $0.025 | ExtraDividend |
| Dec 23, 2010 | $0.203 | OrdinaryDividend |
| Jul 27, 2010 | $0.014 | ExtraDividend |
| Dec 18, 2009 | $0.177 | OrdinaryDividend |
| Apr 29, 2009 | $0.019 | OrdinaryDividend |
| Dec 18, 2008 | $0.276 | OrdinaryDividend |
| Apr 10, 2008 | $0.020 | OrdinaryDividend |
| Dec 20, 2007 | $0.146 | OrdinaryDividend |
| Dec 20, 2007 | $1.079 | CapitalGainLongTerm |
| Apr 11, 2007 | $0.303 | OrdinaryDividend |
JEFGX - Fund Manager Analysis
Managers
Stephen Hermsdorf
Start Date
Tenure
Tenure Rank
Apr 29, 2020
2.09
2.1%
Stephen is a managing director and portfolio manager at Manulife Investment Management working on the Global Equity Strategy. Previously, Stephen was a portfolio manager at Hermes Global Equities, where he provided fundamental research and portfolio management with a focus on the global financial services sector. Before that, he worked at Fidelity Management & Research as an equity analyst covering the insurance and food & beverage industries. Prior to that, he was a private equity analyst at HabourVest Partners and a technology investment banking analyst at Robertson Stephens & Company.
Paul Boyne
Start Date
Tenure
Tenure Rank
Apr 29, 2020
2.09
2.1%
Paul Boyne is a senior managing director and senior portfolio manager for Manulife Investment Management. He is the lead portfolio manager of the Global Equity Strategy and Team. Previously, he was a senior fund manager within the global equities team at Invesco Perpetual. Prior to that, Paul worked at the Bank of Ireland as deputy chief investment officer and head of global equities, providing portfolio oversight across all regional product areas. When he joined the Bank of Ireland, he held the position of managing director and head of their US Equities Team.
Felicity Smith
Start Date
Tenure
Tenure Rank
Mar 31, 2022
0.17
0.2%
Felicity Smith, Executive Director, joined Morgan Stanley in 2001 and has 18 years of investment experience. She is the lead portfolio manager for the European Value Equity Fund. Prior to joining the Firm, she was a Senior Fund Manager at IAI International, and before this she worked at ABN Amro and Schroder Securities. Felicity received a BA from Balliol College, Oxford University in Modern Languages.
Uday Chatterjee
Start Date
Tenure
Tenure Rank
Mar 31, 2022
0.17
0.2%
·Portfolio Manager and Analyst ·Manager of the fund since 2022 ·Joined Manulife IM (US) in 2011 ·Began business career in 2005
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.46 | 14.93 | 5.17 | 11.76 |
