Utilities Trust
Data updated: 2019-11-27
C000022793 — Utilities Trust. Emerging Markets Blend / Core Utilities Equity · $289.38M AUM. Holdings, fees, performance and SEC filings.
C000022793 Fund Overview
Utilities Trust is a US mutual fund managed by John Hancock Variable Insurance Trust, categorised as Emerging Markets Blend / Core Utilities Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: John Hancock Variable Insurance Trust
- Category: Emerging Markets Blend / Core Utilities Equity
- Assets under management: $289.38M
- SEC CIK: 0000756913
- SEC series ID: S000008333
- Share class ID: C000022793
C000022793 Investment Objective and Strategy
Utilities Trust describes its objective and strategy as follows, from its latest prospectus filed with the SEC by John Hancock Variable Insurance Trust.
Investment objective
To seek capital growth and current income (income above that available from the fund invested entirely in equity securities).
Principal investment strategy
"Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowing for investment purposes) in securities of companies in the utilities industry. The subadvisor considers a company to be in the utilities industry if, at the time of investment, the subadvisor determines that a substantial portion (i.e., at least 50%) of the company's assets or revenues are derived from one or more utilities. Companies in the utilities industry include: (i) companies engaged in the manufacture, production, generation, transmission, sale or distribution of electric, gas or other types of energy, water or other sanitary services; and (ii) companies engaged in telecommunications, including telephone, cellular telephone, satellite, microwave, cable television and other communications media (but not engaged in public broadcasting).
The fund primarily invests in equity securities, including common stocks and related securities, such as preferred stocks, convertible securities and depositary receipts, but may also invest in corporate bonds and other debt instruments. The subadvisor may invest up to 20% of the fund's net assets in lower rated debt instruments (commonly known as ""junk bonds""). The fund's investment policies are based on credit ratings at the time of purchase. The fund may invest in securities of companies of any size. The subadvisor uses an active bottom-up investment approach to buying and selling investments for the fund. Investments are selected primarily based on fundamental analysis of individual issuers and/or instruments in light of issuers' financial condition and market, economic, political, and regulatory conditions.
Factors considered for equity securities may include analysis of an issuer's earnings, cash flows, competitive position, and management ability. Factors considered for debt instruments may include the instrument's credit quality, collateral characteristics and indenture provisions and the issuer's management ability, capital structure, leverage, and ability to meet its current obligations. Quantitative models that systematically evaluate the valuation, price and earnings momentum, earnings quality, and other factors of the issuer of an equity security or the structure of a debt instrument may also be considered. The subadvisor may invest the fund's assets in U.S. and foreign securities. The fund may invest up to 40% of its net assets in foreign securities (including emerging markets securities, Brady bonds and depositary receipts).
The subadvisor normally invests the fund's assets across different countries and regions, but the subadvisor may invest a significant percentage of the fund's assets in issuers in a single country or region. The fund may have exposure to foreign currencies through its investments in foreign securities, its direct holdings of foreign currencies, or through its use of foreign currency exchange contracts for the purchase or sale of a fixed quantity of a foreign currency at a future date. While the fund may use derivatives for any investment purpose, to the extent the subadvisor uses derivatives, the subadvisor expects to use derivatives primarily to increase or decrease currency exposure. The fund concentrates its investments in securities of issuers in the utilities industry."
C000022793 Costs and Fees
C000022793 costs about $114 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.14%
- Gross expense ratio: 1.15%
- Portfolio turnover: 26%
- Brokerage commissions: 3.42 bps of average net assets (SEC N-CEN)
C000022793 Cashflows
Over the 12 months to 2019-09, Utilities Trust had net outflows of $2.04M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2019-09 | −$106.10K |
| 2019-08 | $1.20M |
| 2019-07 | −$3.13M |
C000022793 Debt Constituents
No individual debt constituents are reported in Utilities Trust's latest SEC N-PORT filing.
C000022793 Prospectus and SEC Filings
Official Utilities Trust filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Related funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.