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Tax-Advantaged Global Shareholder Yield (HTY)

Daily Price as of 9/1/10

12.44 0.24 1.97
 
MKT Change ($) Change (%)
12.56 0.31 2.53

Management Team

William W. Priest, CFA, CPA

Founded Epoch in 2004
Began business career in 1965

Eric Sappenfield

Joined team in 2006
Began business career in 1986

Michael A. Welhoelter, CFA

Joined team in 2005
Began business career in 1986

Harindra de Silva, Ph.D., CFA

Joined firm in 1995
Began business career in 1988

Gregory McMurran

Joined firm in 1976
Began business career in 1979

Dennis Bein, CFA

Joined firm in 1995
Began business career in 1992

Yigal Newman, Ph.D.

Joined firm in 2005
Began business career in 2004

View Commentary

Top Holdings (%)

as of 7/31/10
NiSource, Inc. 4.01
AT&T, Inc. 3.96
Bristol-Myers Squibb Company 3.93
Verizon Communications, Inc. 3.82
Scottish & Southern Energy PLC 3.66
Total SA 3.65
National Grid PLC 3.20
Diageo PLC ADR 2.91
Firstgroup PLC 2.83
Vodafone Group PLC 2.57
The Fund’s holdings are subject to change at any time. Characteristics are expressed as a percentage of net assets.

All Funds (with the exception of the Money Market Fund) exclude cash and cash equivalent securities from Top holdings and Top issuers.

Goal and Strategy

The Fund's investment objective is to provide a high level of total return consisting of a high level of current income and gains and long term capital appreciation.  The Fund will seek to achieve favorable after-tax returns for its shareholders by seeking to minimize the federal income tax consequences on income and gains generated by the Fund.  Under normal market condition, the Fund will invest at least 80% of its total assets in a diversified portfolio of dividend-paying stocks of issuers located throughout the world.  The Fund also intends to write call options on a variety of both U.S. and non-U.S. broad-based indices.

Average Annual Total Returns

Monthly Performance (%) as of 7/31/10
QTD YTD 1YR 3YR 5YR Since Inception
(9/26/07)
(not annualized)
MKT 7.50 -2.37 14.83 NA NA -5.21
Quarterly Performance (%) as of 6/30/10
QTD YTD 1YR 3YR 5YR Since Inception
(9/26/07)
(not annualized)
MKT -10.38 -9.18 18.11 NA NA -7.81

Cumulative Returns

Monthly Performance (%) as of 7/31/10
QTD YTD 1YR 3YR 5YR Since Inception
(9/26/07)
MKT 7.50 -2.37 14.83 NA NA -14.14

The performance data shown represents past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, so that investors' shares, when sold, may be worth more or less than their original cost. See performance data current to the most recent month-end, which may be higher or lower than that cited.

Performance figures assume that all distributions are reinvested.

Risk Assessment


What You Should Know

Closed-end fund shares are not redeemable, but instead are traded in the secondary market on an exchange such as the New York Stock Exchange or the NASDAQ. They frequently trade at a discount to net asset value. Specialized funds may carry additional risks.

Getting Started

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