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Fund Spy

Partnerships Have Improved John Hancock

The firm's stewardship profile has been on the rise.

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Morningstar recently issued a new Stewardship Grade for John Hancock. The firm's overall grade--which considers corporate culture, fund board quality, fund manager incentives, fees, and regulatory history--is a C. What follows is Morningstar's analysis of the firm's corporate culture, for which John Hancock receives a B. This text, as well as analytical text on the other four Stewardship Grade criteria, is available to subscribers of Morningstar's software for advisors and institutions: Morningstar Advisor Workstation(SM), Morningstar Office(SM), and Morningstar Direct(SM).

John Hancock outsources its fund management to subadvisors, and this business model steers its corporate culture toward partnerships with industry-leading management. As such, the firm’s culture exceeds the industry standard for its focus on fundholders.

Laura Pavlenko Lutton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.