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The John Hancock Tax-Advantaged Global Shareholder Yield Fund (NYSE: HTY) announced a significant update to its investment policies, approved by the Board of Trustees. This change allows the Fund to invest at least 40% of its total assets in non-U.S. securities under normal conditions, with a minimum of 30% in unfavorable market scenarios. The new policy aims to enhance shareholder interests and will take effect on October 1, 2022.
This decision reflects the fund's strategic shift towards greater global diversification.
The John Hancock Tax-Advantaged Dividend Income Fund (HTD) and the John Hancock Tax-Advantaged Global Shareholder Yield Fund (HTY) announced changes to their investment policies on June 24, 2021. The Funds will eliminate the options strategy managed by Wells Capital Management, enhancing their ability to meet investment objectives. Advisory fees will also decrease: HTD's fee will drop from 0.75% to 0.74%, while HTY's will fall from 0.95% to 0.90%. These changes take effect on or before August 23, 2021.