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FIXED INCOME MANULIFE HIGH YIELD BOND FUND As at June 30, 2017 Advisor Series The Fund seeks to generate a high level of income with the potential for capital appreciation by investing primarily in higher yielding, lower quality fixed income securities, leveraged loans, preferred shares and convertible securities issued by corporations, governments and other issuers located around the world. PERFORMANCE HOW THE FUND IS INVESTED As at May 31, 2017 Top holdings % Modular Space Corp 1.8 13,000 Williams Partners LP 4.875% 15-Mar2024 1.6 12,000 ING Groep NV PERP 1.3 11,000 Wells Fargo & Co PERP 1.3 10,000 MDC Partners Inc 6.500% 01-May2024 1.1 Frontier Communications Corp 7.125% 15-Jan-2023 1.1 Sprint Communications Inc FRN 02Feb-2024 1.0 Standard Industries Inc 5.375% 15Nov-2024 1.0 NRG Yield Oper 5.375% 15-Aug2024 1.0 Sirius XM Radio Inc 6.000% 15-Jul2024 1.0 Growth of $10,000 since inception ± 15,000 $14,774 14,000 ($) 9,000 Aug 11 Aug 12 Aug 13 Aug 14 Aug 15 Aug 16 Annual compound returns (%) 1 mo. 3 mo. 6 mo. -0.32 Fund 1.10 YTD 1 yr. 3 yr. 5 yr. 3.48 10.55 2.73 6.04 3.48 Since 10 yr. inception – 6.88 Calendar year returns for the Fund (%) 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 12.40 -4.46 3.52 8.94 14.50 – – – – – Total 12.2 FUND DETAILS Inception date: August 19, 2011 Risk profile: Low to Medium AUM: $157.6 million NAV: $10.75 Lead manager: Dennis McCaffterty MER (audited): 2.09% Co-manager: John Addeo Management fee: 1.70% Sub-advisor: Manulife Asset Management (US) LLC Min. investment: $500 initial; $25 PAC CIFSC category: High Yield Fixed Income Distribution frequency: Monthly Distribution yield: 0.04%≠ Positions: 202 Credit allocation (%) 90.6 Corporate Notes/Bonds 3.8 Fixed Income Other 5.6 Other ¤ Fund codes (MMF) Series Advisor T F FT FE 4525 1522 – – LL 4725 1322 – – DSC 4425 1222 – – Other – – 4625 1022 Also available in Dollar-cost averaging fund code. Geographic allocation (%) 76.6 United States 5.3 Canada 5.0 Luxembourg 1.7 France 1.3 United Kingdom 1.3 Netherlands 1.3 Bermuda 0.6 Ireland 0.4 Jersey 6.5 Other Source for all data: Lipper, a Thomson Reuters company, as at June 30, 2017. ±For illustration purposes only. ≠Distribution yield is calculated based on prior 12-month rolling average of paid distributions and using average month-end net asset value, per security. The distribution yield does not include any year-end capital gains distributions paid in addition to the regular monthly distributions. Distribution yield should not be confused with a fund’s performance or rate of return. ¤As of December 30, 2016 (includes HST). INVESTMENT PHILOSOPHY The High Yield Fixed Income portfolio management team believes that there are pockets of value in the fixed income market. Through a fundamental research-driven process concentrated on security selection they seek to invest in undervalued companies with sustainable business models. Another outcome of their research allows them to identify the most attractive part of the capital structure, from bank loans, through senior and subordinated debt, to convertible securities. INVESTMENT PROCESS Idea generation Sector analysis Ideas come from multiple Assess relative outlook for various corporate sources: bond sectors Portfolio managers and analysts Index review New issuance Sell side Issuer due diligence Identify securities with attractive risk-return profiles Thorough documentation review and fundamental analysis Relative value analysis Risk management Cross-issuer risk-return Monitor relative value review between similar issues Timely review of earnings statements FOR MORE INFORMATION, PLEASE CONTACT YOUR ADVISOR OR VISIT MANULIFEMUTUALFUNDS.CA Manulife Funds are managed by Manulife Investments, a division of Manulife Asset Management Limited. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the fund facts as well as the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. The rate of return shown is used only to illustrate the effects of the compound growth rate and is not intended to reflect future values or returns on investment. The payment of distributions is not guaranteed and may fluctuate. If distributions paid by the fund are greater than the performance of the fund, then your original investment will shrink. Distributions should not be confused with a fund’s performance, rate of return, or yield. You may also receive return of capital distributions from a fund. Please consult with your tax advisor regarding the tax implications of receiving distributions. See the prospectus for more information on a fund’s distributions policy. Manulife, Manulife Investments, the Block Design, the Four Cube Design and Strong Reliable Trustworthy Forward-thinking are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under licence. MK2743E