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, 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, Securitized Assets

Jeff is a senior managing director and senior portfolio manager on the core, core-plus, and securitized asset teams at Manulife Investment Management, responsible for securitized, core fixed-income, core-plus fixed-income, and government bond strategies. Prior to joining the portfolio management team, Jeff was focused on research and trading in mortgage-backed securities within the Manulife fixed-income teams; he was previously an investment compliance analyst at the company. Jeff holds the Certified 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)

$9.5 billion

Benchmark

Bloomberg Barclays U.S. Aggregate Bond Index

Style

Core

Average portfolio manager experience

32 years

Important disclosures

All information shown is as of March 31, 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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