Core Viewpoint - Manulife Investments announced the final cash distributions for its ETFs and ETF series of mutual funds for December 2025, with payments scheduled for January 15, 2026 [1]. Distribution Details - The cash distribution amounts per unit for various Manulife ETFs are as follows: - Manulife Smart Short-Term Bond ETF (TERM): C$0.025324, Monthly - Manulife Smart Core Bond ETF (BSKT): C$0.022317, Monthly - Manulife Smart Corporate Bond ETF (CBND): C$0.027779, Monthly - Manulife Smart Global Bond ETF (GBND): C$0.022743, Monthly - Manulife Smart Enhanced Yield ETF (CYLD): C$0.160000, Monthly - Manulife Smart U.S. Enhanced Yield ETF – Unhedged (UYLD.B): C$0.160000, Monthly - Manulife Smart U.S. Enhanced Yield ETF – US Dollar (UYLD.U): C$0.160000*, Monthly - Manulife Smart U.S. Enhanced Yield ETF – Hedged (UYLD): C$0.160000, Monthly - Manulife Smart Enhanced Yield Bond ETF– Unhedged (BYLD.B): C$0.116674, Monthly - Manulife Smart Enhanced Yield Bond ETF – Hedged (BYLD): C$0.115931, Monthly - Manulife Global Edge ETF (GEDG): C$0.001234, Quarterly - Manulife Smart Dividend ETF (CDIV): C$0.132244, Quarterly - Manulife Smart U.S. Dividend ETF – Unhedged (UDIV.B): C$0.102016, Quarterly - Manulife Smart U.S. Dividend ETF – Hedged (UDIV): C$0.094651, Quarterly - Manulife Smart U.S. Dividend ETF – US Dollar (UDIV.U): C$0.076214*, Quarterly - Manulife Smart International Dividend ETF – Unhedged (IDIV.B): C$0.111599, Quarterly - Manulife Smart Global Dividend ETF Portfolio (GDIV): C$0.093047, Quarterly - Manulife Smart Defensive Equity ETF (CDEF): C$0.202209, Semi-Annual - Manulife Smart U.S. Defensive Equity ETF – Unhedged (UDEF.B): C$0.078236, Semi-Annual - Manulife Smart U.S. Defensive Equity ETF – Hedged (UDEF): C$0.063902, Semi-Annual - Manulife Smart U.S. Defensive Equity ETF – US Dollar (UDEF.U): C$0.083723*, Semi-Annual - Manulife Smart International Defensive Equity ETF – Unhedged (IDEF.B): C$0.175154, Semi-Annual - Manulife Multifactor Canadian Large Cap Index ETF (MCLC): C$0.500360, Semi-Annual - Manulife Multifactor U.S. Large Cap Index ETF – Unhedged (MULC.B): C$0.347524, Semi-Annual - Manulife Multifactor U.S. Large Cap Index ETF – Hedged (MULC): C$0.266310, Semi-Annual - Manulife Multifactor U.S. Mid Cap Index ETF – Unhedged (MUMC.B): C$0.282933, Semi-Annual - Manulife Multifactor U.S. Mid Cap Index ETF – Hedged (MUMC): C$0.250437, Semi-Annual - Manulife Multifactor Developed International Index ETF – Unhedged (MINT.B): C$0.917531, Semi-Annual - Manulife Multifactor Developed International Index ETF – Hedged (MINT): C$0.742856, Semi-Annual - Manulife Multifactor Canadian SMID Cap Index ETF (MCSM): C$0.426010, Semi-Annual - Manulife Multifactor U.S. Small Cap Index ETF – Unhedged (MUSC.B): C$0.164171, Semi-Annual - Manulife Multifactor U.S. Small Cap Index ETF – Hedged (MUSC): C$0.139439, Semi-Annual - Manulife Multifactor Emerging Markets Index ETF – Unhedged (MEME.B): C$0.415626, Semi-Annual - Manulife Strategic Income Fund – ETF Series (STRT): C$0.030746, Monthly - Manulife Core Plus Bond Fund – ETF Series (MCOR): C$0.032697, Monthly - Manulife Dividend Income Fund – ETF Series (MDIF): C$0.012902, Monthly - Manulife Alternative Opportunities Fund – ETF Series (OPPS): C$0.034416, Monthly - Manulife Strategic Income Plus Fund – ETF Series (PLUS): C$0.039899, Monthly - Manulife Fundamental Equity Fund – ETF Series (MFUN): C$0.025530, Quarterly [1]. Company Overview - Manulife Financial Corporation is a leading international financial services provider, operating globally under the Manulife brand in Canada, Asia, and Europe, and as John Hancock in the United States [6]. - The company provides financial advice, insurance, and investment services to over 36 million customers, supported by more than 37,000 employees and over 109,000 agents [6].

Core Insights - Manulife Financial Corporation (NYSE:MFC) is recognized as one of the 15 Global Dividend Stocks, indicating its potential for portfolio diversification [1] - Morgan Stanley has raised its price target for Manulife to $51 from $50, maintaining an Equal Weight rating, citing supportive macro conditions such as lower interest rates and a stable equity market [2] - The company's shares have increased nearly 20% since the beginning of 2025, reflecting market optimism [3] Financial Performance - Manulife's core earnings from Asia rose 29% to $550 million in Q3 compared to the same period last year, contributing to overall positive results [5] - For the three months ending September 30, Manulife reported core earnings of C$2.04 billion, or C$1.16 per share, up from C$1.83 billion, or C$1.00 per share, a year earlier [5] Strategic Initiatives - The company has adopted a refreshed strategy focused on expanding its market share in Asia during global uncertainty [3] - Manulife has utilized reinsurance deals since 2023 to transfer risk and free up capital, enabling share buybacks and new investments [4] - A key priority for growth includes a joint venture in India with Mahindra and Mahindra, as well as the acquisition of Schroders' business in Indonesia to strengthen its presence in Southeast Asia [4]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, capitalizing on established price movements [1] Company Overview: Manulife Financial (MFC) - Manulife Financial currently holds a Momentum Style Score of B, indicating potential as a solid momentum pick [3][12] - The company has a Zacks Rank of 2 (Buy), which is associated with strong historical performance [4] Performance Metrics - Over the past week, MFC shares increased by 1.92%, matching the performance of the Zacks Insurance - Life Insurance industry [6] - In the last month, MFC's price rose by 4.76%, while the industry saw a 6.39% increase [6] - Over the past quarter, MFC shares have risen by 17.84%, and by 19.26% over the last year, significantly outperforming the S&P 500, which increased by 3.01% and 17.28% respectively [7] Trading Volume - MFC's average 20-day trading volume is 2,485,539 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, two earnings estimates for MFC have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $2.87 to $2.95 [10] - For the next fiscal year, two estimates have also moved upwards without any downward revisions [10]

Distribution Details - M Split Corp. declares a monthly distribution of $0.03125 per share for both Class I and Class II Preferred shareholders, amounting to $0.375 annually for each class [1][3] - Class I Preferred shares have an annual dividend rate of 7.50% based on a $5 notional issue price [1] - Class II Preferred shares also have an annual dividend rate of 7.50% based on a $5 notional issue price, applicable when the NAV exceeds $10.00 [1] - Distributions are payable on January 9, 2026, to shareholders on record as of December 31, 2025 [1][3] Investment Focus - M Split invests in common shares of Manulife Financial Corporation, which is the largest life insurer in Canada and offers financial products and wealth management services [2]

Core Insights - Manulife International and Bupa International have signed a memorandum of understanding to provide integrated healthcare solutions in Hong Kong, aiming to enhance customer health management options [1][2] - The partnership seeks to improve access to care by leveraging the strengths of both organizations, creating a more connected healthcare network for local residents [1][3] Group 1: Partnership Objectives - The collaboration is designed to support the well-being of local residents by expanding access to medical services tailored to individual healthcare needs [2][3] - Manulife Hong Kong and Macau CEO Patrick Graham emphasized that this strategic collaboration is a significant milestone in their goal to be the preferred health partner, focusing on better value and health outcomes for customers [2][3] Group 2: Innovation and Future Plans - Bupa Hong Kong managing director Fiona Harris highlighted that the partnership will introduce new innovations and opportunities, particularly in digital health and AI [4] - Further details regarding the development of this partnership will be shared at a later date, indicating ongoing commitment to enhancing healthcare solutions [3][4] Group 3: Product Offerings - Earlier this year, Manulife Hong Kong launched two critical illness insurance products, IncomeGuard Critical Illness Protector and IncomeShield Critical Illness Protector, aimed at addressing income loss during serious medical treatments [4][5] - These new plans feature yearly payouts and a continuous treatment benefit for heart attack and stroke cases, which is noted as a market first [5]

Core Insights - Manulife Financial Corporation reported third-quarter 2025 core earnings of 84 cents per share, exceeding the Zacks Consensus Estimate by 13.5% and reflecting a 15% year-over-year improvement [2][3] - The company's core earnings totaled $1.4 billion (C$2 billion), marking a 7.6% increase year over year, driven by strong growth in Global Wealth and Asset Management (WAM), Asia, and Canada [3] - New business value (NBV) for the quarter was $657 million (C$906 million), up 6.3% year over year, attributed to higher sales volumes in Asia, Canada, and the U.S. division [4] Financial Performance - Wealth and asset management assets under management and administration reached $774 billion (C$1,066 billion), a 9.6% increase year over year, despite net outflows of $4.5 billion (C$6.2 billion) [5] - Core return on equity improved by 150 basis points year over year to 18.1% [5] - Adjusted book value per common share rose to $38.22, reflecting a 12% year-over-year increase [6] Segment Performance - Global WAM's core earnings were $381 million (C$525 million), up 9% year over year, driven by higher net fee income and performance fees [7] - Asia division's core earnings reached $550 million, a 29% increase year over year, supported by improved insurance experience and business growth [8] - Canada division's core earnings were $310 million (C$428 million), up 2.6% year over year, driven by higher investment spreads and business growth in group insurance [9] - The U.S. division reported core earnings of $241 million, down 20% year over year, primarily due to unfavorable life insurance claims [10] Market Outlook - Analysts have not issued any earnings estimate revisions in the last two months, indicating a stable outlook [12] - Manulife holds a Zacks Rank 2 (Buy), suggesting an expectation of above-average returns in the coming months [14] - The company is positioned within the Zacks Insurance - Life Insurance industry, which has shown positive performance, with peers like Reinsurance Group gaining 6.6% over the past month [15]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 3. 股份分類 | 優先股 | 股份類別 | A | 於香港聯交所上市 (註1) | 否 | | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | 不設上限及無面值 | | | FF301 第 1 頁 共 12 頁 v 1.1.1 截至月份: 2025年11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 宏利金融有限公司 呈交日期: 2025年12月9日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00945 | 說明 | 普通股-不設上限及無面值 | | | | | | | 法定/註冊股份數目 | | 面值 | | 法定/註冊股本 | | 上月底結存 | | | | | | | | 增加 / 減少 (-) | | | | | | ...

Core Insights - Manulife Financial Asia Limited has won the ACES Awards 2025 in the category of Top Sustainability Advocates in Asia, marking its first regional win [1][2] Group 1: Sustainability Commitment - The award recognizes Manulife's commitment to sustainability through its Impact Agenda, environmental stewardship, and the integration of sustainable investing across its operations [2][3] - Manulife has achieved a 27% reduction in Scope 1 and 2 emissions and has planted over 1.4 billion trees, demonstrating its leadership in managing natural capital with over CAD$22 billion in timberland and agriculture assets under management [4] Group 2: Community and Employee Initiatives - Manulife has advanced community programs like Peso Smart and MLK Scholars, empowering thousands of youth across Asia and North America [4] - The company fosters well-being and belonging for over 39,000 employees and 109,000 agents globally through inclusive workplace initiatives [4] Group 3: Future Initiatives - The recently launched Manulife Longevity Institute aims to create a global platform to help people live longer, healthier, and more financially secure lives by 2030 [5]

Core Insights - Manulife Financial Corporation (MFC) achieved a 52-week high of $35.62 on December 5, closing at $35.29, reflecting a 10.5% increase over the past year, outperforming the industry's decline of 1.4% [1] - MFC has outperformed peers such as Primerica, Voya Financial, and Reinsurance Group of America, which saw declines of 11.8%, 11.1%, and 10.4% respectively [1] Financial Performance - MFC has a market capitalization of $59.43 billion, with an average trading volume of 1.8 million shares over the last three months [2] - The company has a mixed earnings surprise history, beating estimates in two of the last four quarters with an average surprise of 4.93% [2] - MFC's price-to-earnings ratio stands at 11.34X, above the industry average of 7.85X, indicating a premium valuation [7] Growth Strategy - MFC aims for half of its core earnings to come from Asia by 2025, supported by strong regional performance [6][12] - The company is expanding its Wealth and Asset Management business, with Europe identified as a key growth area [6][13] - The Zacks Consensus Estimate projects a 1.4% increase in earnings per share for 2025 and a 9.4% increase for 2026 [10] Shareholder Returns - MFC has a strong commitment to returning wealth to shareholders through dividends and buybacks, with a seven-year CAGR of 10% in dividends and a target payout ratio of 35-45% [14] - The company maintains a free cash flow conversion rate above 100%, reflecting solid earnings [15] Operational Efficiency - MFC's return on equity over the trailing 12 months is 16.1%, surpassing the industry average of 15.4%, indicating effective use of shareholder funds [11] - The company targets a medium-term expense efficiency ratio of less than 45%, aiming for diligent expense management to drive growth [16] Market Outlook - The average price target for MFC from 12 analysts is $38.06 per share, suggesting a potential upside of 7.9% from the last closing price [8] - MFC's solid capital position and consistent wealth distribution make it an attractive option for yield-seeking investors [17]

Core Viewpoint - Manulife Financial-S (00945) has priced a public offering of senior notes totaling $1 billion with an interest rate of 4.986% maturing in 2035, with the offering price set at 100 cents on the dollar [1] Group 1 - The total principal amount of the senior notes is $1 billion [1] - The interest rate for the notes is 4.986% [1] - The maturity date for the notes is set for December 2, 2035 [1] Group 2 - The net proceeds from the sale of the notes will be used for general corporate purposes, which may include future refinancing needs [1]