U.S. Core Fixed Income

The strategy seeks to provide excess returns through a combination of bottom-up security selection, active sector allocation, and yield curve positioning. The team’s research-driven process targets relative value opportunities across multiple segments of the bond market with a focus on fundamental analysis.

 

Philosophy

The team believes strong relative performance can be generated through bottom-up, active management of sector allocation, issue selection, and yield curve positioning. In managing the portfolio, the team takes a relative value approach to sector allocation and issue selection, engaging in intensive fundamental credit research and identifying points on the yield curve with the greatest return potential. Additionally, the team seeks to maintain a yield that’s above the benchmark yield in order to help reduce portfolio volatility.

Managed by

Howard C. Greene, CFA

Senior Portfolio Manager, Co-Head of U.S. Core and Core Plus Fixed Income

Howard is head of U.S. core and core-plus fixed income at Manulife Investment Management. He serves as a lead portfolio manager for the core-plus fixed-income strategy and the core fixed-income strategy. Prior to joining the company, he spent more than 14 years at Sun Life Financial Services of Canada, where he worked as a senior vice president for Sun Capital Advisers and managed investment-grade and high-yield fixed-income portfolios for Sun Life’s general account and separately managed pension clients, mutual funds, and other institutional investors. Earlier in his career, Howard worked at Baring Asset Management as a fixed-income analyst. He holds the Certified Financial Analyst designation, is a member of the CFA Society Boston, and a past president and director of the Fixed Income Management Society of Boston. Howard has made several appearances on Bloomberg TV to discuss the bond market.

  • Education: B.B.A. in Business Administration, University of Massachusetts; M.B.A., Northeastern University
  • Joined the company: 2002
  • Began career: 1983
Howard C. Greene, CFA

Jeffrey N. Given, CFA

Senior Portfolio Manager, Co-Head of U.S. Core and Core Plus Fixed Income

Jeff is co-head of the U.S. Core and Core Plus Fixed Income team and is responsible for securitized, core and core plus fixed income, government bond, and municipal bond strategies. Prior to joining the portfolio management team, he was focused on research and trading in mortgage-backed securities within the Manulife fixed-income teams. Previously, he was an investment compliance analyst at the company. Jeff holds the Chartered Financial Analyst designation and is a member of the CFA Society Boston. 

  • Education: B.S. in Business Administration, Boston University; M.S. in Finance, Boston College
  • Joined the company: 1993
  • Began career: 1993
Jeffrey N. Given, CFA

Vehicles

At Manulife Investment Management, we offer investment strategies through a variety of vehicles to suit a broad range of client needs. Contact our institutional sales or consultant relations team to find out if this strategy/vehicle is offered in your region. 

  • Separate accounts

    Our separate accounts and separately managed accounts (SMAs) are designed for institutions and high-net-worth clients seeking tailored investment solutions and direct ownership of securities.

  • CITs

    Our professionally managed collective investment trusts (CITs) are available in certain qualified retirement plans.

  • Mutual funds

    Mutual funds are liquid, professionally managed portfolios which are available to both institutional and retail investors.


Key facts

  • Inception date

    January 1996

  • Strategy AUM (USD)

    $10.71 billion

  • Benchmark

    Bloomberg Barclays US Aggregate Bond Index

  • Style

    Core

  • Average portfolio manager experience

    32 years

Important information

All information shown is as of September 30, 2020, unless otherwise indicated. Strategy-level information may differ from vehicle-specific information. Not all vehicles are available in all locations and may be offered through affiliates of Manulife Investment Management.


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