John Hancock Investments is reducing sales charges for Class A shares on 16 fixed-income funds, including the elimination of the front-end sales charges on the John Hancock Floating Rate Income Fund (Class A: JFIAX) and the John Hancock Short Duration Credit Opportunities Fund (Class A: JMBAX) for investments of $250,000 or more. John Hancock Investments is also modifying the CDSC schedule for Class A shares of John Hancock Floating Rate Income Fund and John Hancock Short Duration Credit Opportunities Fund. In addition, the firm is contractually lowering expenses for nearly all of their funds with Class R6 institutional share classes. These expense reductions and modifications are effective immediately.
"We're pleased to open the New Year by continuing our program of fund expense reductions, this time on nearly our entire fixed-income fund lineup. These latest fee cuts will help put more of our shareholders' investment dollars to work more quickly," said Andrew G. Arnott, President & CEO. "John Hancock Investments is committed to delivering real investment value for our shareholders, because we know the only way we can be successful as asset managers is if our shareholders are successful."
