JOHN HANCOCK ANNOUNCES PORTFOLIO MANAGER ADDITIONS TO JOHN HANCOCK INVESTORS TRUST

Rhea-AI Summary

John Hancock Investors Trust (NYSE:JHI) announced portfolio manager changes effective June 25, 2026. Darren Toner and Tim Jarombek, CFA, from the Manulife | CQS Investment Management organization join the management team, while Caryn Rothman, CFA, and Jonas Grazulis, CFA, remain. James Gearhart, CFA, departs as portfolio manager.

Market Context

This announcement adds experienced high-yield managers with over 20 years in the asset class while o...

Analysis

This announcement adds experienced high-yield managers with over 20 years in the asset class while one manager departs. Recent filings confirm fee responsibilities remain off‑fund, but investors must assess how team changes affect risk profile and income strategy execution.

Key Figures

Effective date: June 25, 2026 Experience (Toner): 21 years Tenure at CQS (UK) LLP: 16 years +3 more

6 metrics

Effective date June 25, 2026 Portfolio manager changes become effective

Experience (Toner) 21 years Investment industry experience on Global High Yield Team

Tenure at CQS (UK) LLP 16 years Mr. Toner experience with CQS (UK) LLP

Committee membership since 2013 Member of Multi Asset Credit Asset Advisory Committee

Experience (Jarombek) 16 years Investment industry experience on Global High Yield Team

Tenure at CQS (US), LLC 6 years Mr. Jarombek experience with CQS (US), LLC

Key Terms

subadvised, participating affiliate arrangement, sub-subadvisory agreement, forward-looking statements

4 terms

subadvised financial

"subadvised by Manulife Investment Management (US) LLC (the "Subadviser")."

Subadvised describes an arrangement where the main manager of a fund or investment account hires an outside investment manager to make some or all of the buying, selling, and strategy decisions. For investors, this matters because it can change who is responsible for performance, how fees are split, and the level of transparency and oversight—similar to a company bringing in a specialist contractor to run a specific part of its operations.

participating affiliate arrangement regulatory

"Mr. Toner will serve as a portfolio manager on behalf of CQS (UK) LLP pursuant to a participating affiliate arrangement"

A participating affiliate arrangement is an agreement where a company and one or more related entities (affiliates) jointly take part in a business deal so they share rights, costs, revenues and risks from that activity. For investors it matters because these arrangements can change where sales and profits are reported, who is legally responsible for outcomes, and how cash flows and risks are divided—similar to family members pooling income for a shared project.

sub-subadvisory agreement regulatory

"Mr. Jarombek will serve as a portfolio manager on behalf of CQS (US), LLC pursuant to a sub-subadvisory agreement"

A sub-subadvisory agreement is a contract that allows an investment manager or appointed sub-adviser to hire an additional outside adviser to run part or all of a fund’s or portfolio’s investments. Think of it like a contractor hiring a subcontractor to do specialized work; it matters to investors because it can affect who makes investment decisions, how fees are shared, how responsibility and oversight are handled, and ultimately the fund’s performance and transparency.

forward-looking statements regulatory

"Statements in this press release that are not historical facts are forward-looking statements as defined by the United States securities laws."

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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BOSTON, June 25, 2026 /PRNewswire/ - John Hancock Investment Management LLC (the "Adviser") today announced changes to the portfolio management team for John Hancock Investors Trust  (NYSE: JHI), (the "Fund"), subadvised by Manulife Investment Management (US) LLC (the "Subadviser").

Effective June 25, 2026, Darren Toner and Tim Jarombek, CFA, from the Manulife | CQS Investment Management (MCQS) organization will be added as portfolio managers to the Fund. Caryn Rothman, CFA, and Jonas Grazulis, CFA, will continue to serve as portfolio managers to the Fund. Mr. Toner will serve as the head of the Global High Yield Team and brings 21 years of investment industry experience to the Global High Yield Team, including 16 years with CQS (UK) LLP where he has been a member of the Multi Asset Credit Asset Advisory Committee since its inception in 2013. Mr. Jarombek is a Chartered Financial Analyst and brings 16 years of investment industry experience to the Global High Yield Team, including 6 years with CQS (US), LLC. Mr. Toner will serve as a portfolio manager on behalf of CQS (UK) LLP pursuant to a participating affiliate arrangement with the Subadviser, and Mr. Jarombek will serve as a portfolio manager on behalf of CQS (US), LLC pursuant to a sub-subadvisory agreement with the Subadviser.

Effective June 25, 2026, James Gearhart, CFA, will no longer serve as portfolio manager to the Fund.

Statements in this press release that are not historical facts are forward-looking statements as defined by the United States securities laws. You should exercise caution in interpreting and relying on forward-looking statements because they are subject to uncertainties and other factors which are, in some cases, beyond the Fund's control and could cause actual results to differ materially from those set forth in the forward-looking statements.

An investor should consider a Fund's investment objectives, risks, charges, and expenses carefully before investing.

About Manulife John Hancock Investments
We serve investors through a unique multimanager approach, complementing our extensive in-house capabilities with an unrivaled network of specialized asset managers, backed by some of the most rigorous investment oversight in the industry. The result is a diverse lineup of time-tested investments from a premier asset manager with a heritage of financial stewardship.

About Manulife Investment Management
Manulife Investment Management is the global brand for the global wealth and asset management segment of Manulife Financial Corporation. We draw on more than a century of financial stewardship and the full resources of our parent company to serve individuals, institutions, and retirement plan members worldwide. Headquartered in Toronto, our leading capabilities in public and private markets are strengthened by an investment footprint that spans 18 geographies. We complement these capabilities by providing access to a network of unaffiliated asset managers from around the world. We're committed to investing responsibly across our businesses. We develop innovative global frameworks for sustainable investing, collaboratively engage with companies in our securities portfolios, and maintain a high standard of stewardship where we own and operate assets, and we believe in supporting financial well-being through our workplace retirement plans. Today, plan sponsors around the world rely on our retirement plan administration and investment expertise to help their employees plan for, save for, and live a better retirement. Not all offerings are available in all jurisdictions. For additional information, please visit manulife.com.

Media Contact:
Gordon Haight
(617) 572-0034

Investor Contact:
(800) 843-0090

View original content:https://www.prnewswire.com/news-releases/john-hancock-announces-portfolio-manager-additions-to-john-hancock-investors-trust-302811237.html

SOURCE John Hancock Investment Management

FAQ

What portfolio manager changes were announced for John Hancock Investors Trust (NYSE:JHI) on June 25, 2026?

John Hancock announced new and departing portfolio managers for John Hancock Investors Trust on June 25, 2026. According to John Hancock, Darren Toner and Tim Jarombek join the team, while James Gearhart, CFA, will no longer serve as portfolio manager.

Who are the new portfolio managers added to John Hancock Investors Trust (JHI) in June 2026?

The new portfolio managers for John Hancock Investors Trust are Darren Toner and Tim Jarombek, CFA. According to John Hancock, both come from the Manulife | CQS Investment Management organization and will work alongside existing managers Caryn Rothman, CFA, and Jonas Grazulis, CFA.

What experience does new portfolio manager Darren Toner bring to John Hancock Investors Trust (JHI)?

Darren Toner brings 21 years of investment industry experience to John Hancock Investors Trust. According to John Hancock, he spent 16 years with CQS (UK) LLP and has been a member of the Multi Asset Credit Asset Advisory Committee since its inception in 2013.

What is the background of new portfolio manager Tim Jarombek, CFA, for John Hancock Investors Trust (JHI)?

Tim Jarombek, CFA, brings 16 years of investment industry experience to John Hancock Investors Trust. According to John Hancock, his background includes 6 years with CQS (US), LLC, and he will serve as a portfolio manager on behalf of CQS (US), LLC.

Which portfolio manager is leaving John Hancock Investors Trust (JHI) as of June 25, 2026?

As of June 25, 2026, James Gearhart, CFA, will no longer serve as portfolio manager for John Hancock Investors Trust. According to John Hancock, the remaining and new managers will continue managing the fund under existing advisory and subadvisory arrangements.

How are CQS (UK) LLP and CQS (US), LLC involved in managing John Hancock Investors Trust (JHI)?

CQS (UK) LLP and CQS (US), LLC participate in managing John Hancock Investors Trust through affiliate arrangements. According to John Hancock, Toner serves via a participating affiliate arrangement, while Jarombek serves through a sub-subadvisory agreement with the fund’s subadviser.

What should investors consider before investing in John Hancock Investors Trust (NYSE:JHI) after the manager changes?

Investors should carefully review the fund’s objectives, risks, charges, and expenses before investing. According to John Hancock, these factors remain key considerations despite portfolio manager changes and should be evaluated using the fund’s available information and disclosures.