John Hancock Multi Asset Credit Fund Announces Name Change

John Hancock Multi Asset Credit Fund, an interval fund launched earlier this year by John Hancock Investment Management in partnership with London-based credit specialist Manulife | CQS Investment Management, announced that it has changed its name to John Hancock CQS Multi Asset Credit Fund.

Launched in June 2024, the fund is a long-biased, global, multi-asset credit solution that seeks to deliver attractive, income-driven, risk-adjusted returns across economic cycles. The fund aims to take a specialized approach to investing in credit with a focus on lending to “the right businesses … at the right time.”

The fund is comprised of a wide mix of assets across sectors and industries. As of Nov. 29, 2024, 38.5% of the fund’s assets were in term loans; 19.28% were asset-backed; 18.44% were in corporate bonds; 14.35% were cash and cash equivalents; and 9.43% were collateralized mortgage obligations. As of Oct. 31, the largest sector was asset-backed securities (25.3%). The assets are spread across the world, with more than 64% being located in Europe, Africa or the Middle East.

As of Dec. 5, 2024, the fund had $78.11 million in total net assets and a distribution yield of 6.72%. Its net asset value was $20.16.

As of Nov. 30, 2024, the fund reported a one-month total return of 1.32% and a three-month total return of 2.38%. Since inception, the fund reported a 3.76% annual total return. On Nov. 26, the fund paid a total distribution of approximately $0.23.

A company of Manulife Investment Management, John Hancock Investment Management seeks to serve investors through a specialized multimanager approach, complementing its extensive in-house capabilities with a broad network of asset managers. As of June 30, 2024, the company served more than 19 million customers globally and had $830 billion in assets under management and administration.

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