Manulife Mawer Family of Funds Agenda Strong brand name Well-defined investment process Proven track...

Manulife Mawer Family of FundsManulife Mawer Family of Funds

Agenda

• Strong brand name

• Well-defined investment process

• Proven track record

• Funds that you can grow with

Strong Brand NameStrong Brand Name

Size $400 Billion Funds Under Management

Capital $28.4 Billion

Income $4.1 Billion

S&P - AAA

Why Manulife?

Note: All numbers quoted are in $Cdn. Source: Capital and Size - Manulife Fact Sheet, April 30, 2008 Income for twelve months Dec 2007.

Manulife Mutual FundsProviding a World of Diversification

Access to “best-in-class”Money Managers

A Powerful Team:Manulife + Mawer

• Exclusivity arrangement to Manulife

• Proven performance

• Award winning portfolio management

• Access to GARP style (Growth at a Reasonable Price)

• Complements existing fund line up

• Benefit from Manulife’s marketing capabilities

• Access to Manulife’s distribution channel/ sales force

• Lower minimum investment provides new market

Source: Mawer Investment Management Ltd, as at April 30, 2008.

Who is Mawer?

• One of Canada’s oldest and largest independent investment counseling firms

• Headquartered in Calgary, Alberta; founded in 1974

• Approximately $5.2 billion in assets under management

The Manulife MawerFamily of Funds

Fund Name Investment Category

Manulife Mawer World Investment Class* International Equity

Manulife Mawer Tax-Managed Growth Fund** Global Equity

Manulife Mawer Global Small Cap Fund Global Small-Mid Cap Equity

Manulife Mawer Diversified Investment Fund Global Equity Balanced

Manulife Mawer U.S. Equity Fund U.S. Equity

Manulife Mawer Canadian Equity Class Canadian Equity

Manulife Mawer Canadian Bond Fund Canadian Fixed Income

*Formerly named Manulife World Investment Class.**Formerly named Manulife Tax-Managed Growth Fund .

A Well-defined Investment Process

A Well-defined Investment Process

Manulife Mawer Portfolio Managers

Darrell Anderson, CFA, FCSI Director

David Ragan, CFA Director

Michael Crofts, CFA,Director

Paul Moroz, CFA Director

Manulife MawerU.S Equity Fund

Manulife MawerCanadian Bond Fund

Manulife MawerWorld Investment Class

Manulife MawerGlobal Small Cap Fund

Gerald Cooper-Key, CFAHonorary Chairman

Jim Hall, CFA, MBADirector of Investment

Research

Craig Senyk, CFA Director of Portfolio

Management

Manulife MawerWorld Investment Class

Manulife Mawer Diversified Investment Fund Manulife Mawer Tax-Managed Growth Fund

Manulife Mawer Canadian Equity Class

Source: Calgary Herald December 7, 2007.

Mawer GARP Philosophy

“We believe we can provide our investors

with better than market rates of return with

less than market levels of risk over

a year-long cycle.”

Gerald Cooper-Key

“We believe we can provide our investors

with better than market rates of return with

less than market levels of risk over

a year-long cycle.”

Gerald Cooper-Key

Mawer’s Investment ApproachThere are four pillars upon which each portfolio is built:

SystematicProcess

Wealth-creating companies

Discount to intrinsic value

Broadly diversified portfolios

Systematic Process

Guiding Philosophy

Screening(Idea Generation)

Intensive Analysis

Monitor & Review

Portfolio Construction

Wealth-creating Companies

SuitableCompanies

StrongManagement?

Porter’s Five Forces

Competitive Advantages?

Return of Capital> Cost of Capital?

Discount to Intrinsic Value

Great CompanyReasonable Price+

= Great Investment

Mawer Believes:

Buy

Buy

BuyBuy

A Mawer Purchase DecisionUmicore

Source: Bloomberg 01/02/04 – 04/08/08. For illustration purposes only.

Sell Discipline in Action

Buy

Buy Buy

BuyBuy

Buy

Buy

Trim

Trim

Sell

Source: Bloomberg 01/03/05 – 04/08/08 For illustration purposes only.

Zhejiang Expressway

Proven Track RecordProven Track Record

2008

• International Equity Fund - 10 year risk adjusted performance

2007

• International Equity Fund -10 year risk adjusted performance

• Global Balanced – Equity Focused – 10 year risk adjusted performance

Why Mawer: Industry Recognition

Mawer Industry Recognition

2007

• Fund Manager of the Year

• Best Canadian Equity Pooled Fund

• Best International Equity Pooled Fund

• International Equity Fund of the Year

• Winner in 2002, 2003, 2005

• Finalist in 2004 and 2006

FundMorningstar

Rating

Mawer World Investment Fund*

Manulife Tax-Managed Growth Fund

Mawer Canadian Diversified Investment Fund

Mawer Canadian Equity Fund*

Mawer Canadian Bond Fund

Mawer U.S. Equity Fund

As of April 30, 2008 Morningstar Research Inc. All rights reserved. The information contained herein: is proprietary to Morningstar and/or its content providers; may not be copied or distributed; and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from this information. The Morningstar Risk-Adjusted Rating, commonly referred to as the Star Rating, relates the risk-adjusted performance of a fund to that of its category peers and is recalculated monthly. A fund scoring between the top 10% to 22.5% of its fund category receives five or four stars respectively. The overall Star rating for a fund is a weighted combination of its three, five, and ten year performance history. Overall ratings are adjusted where a fund has less than five or ten year’s history. Go to www.morningstar.ca for more details on the calculation of Morningstar Risk-Adjusted Ratings.

* Morningstar Fund Analyst Picks

Excellent Morningstar Ratings

http://www.morningstar.ca/

Average Outperformance vs. Benchmarks and Peer Groups During 6 Month Down Markets

Why Mawer: Downside Protection

Source: Globe HySales® – all 6 month down periods since inception of each fund. As at April 30, 2008.For illustration purposes only .

Fund vs Peers

3.36%

2.44%

3.91%

2.67%

0.0%

1.0%

2.0%

3.0%

4.0%

Mawer CanadianDiversified

Investment Fund

Mawer U.S. Equity

Fund

Mawer WorldInvestment

Mawer CanadianEquity Fund

Fund vs Benchmark

5.05%

2.21%

5.18%6.00%

0.0%

2.0%

4.0%

6.0%

Mawer CanadianDiversified

Investment Fund

Mawer WorldInvestment


Fund

Mawer U.S. Equity

Fund Fund

# of Calendar Years with Positive Returns*

Mawer World Investment Fund Inception Date: November 6, 1987 14/20

Mawer Canadian Diversified Investment Fund Inception Date: January 1, 1988 17/19

Mawer U.S Equity Fund Inception Date: December 10, 1992 11/15

Mawer Canadian Equity Fund Inception Date: June 3, 1991 11/16

Manulife Tax- Managed Growth Fund Inception Date: Aug 23, 2001 5/6

Mawer Canadian Bond Fund Inception Date: June 14, 1991 14/16

Source: PALTrak as of April 30, 2008

*Since inception of Fund (as listed)

Why Mawer: Reliable Performance

Fund 3 mo. 6 mo. 1 yr. 3 yr. 5 yr. 10 yr. 15 yr.

Mawer World Investment Fund 1 1 1 1 1 1 1

Mawer Canadian Diversified Investment Fund 2 1 1 1 1 1 1

Mawer U.S Equity Fund 2 1 1 2 2 2 2

Mawer Canadian Bond Fund 2 1 1 1 1 1 2

Mawer Canadian Equity Fund 3 2 2 2 3 1 2

Manulife Tax-Managed Growth Fund 3 3 1 1 2 N/A N/A

Source: PALTrak as of April 30, 2008.Note: Manulife Tax-Managed Growth Fund 10 year and 15 year performance unavailable due to inception of fund August 2001.

1st Quartile Performance

3

mo.

6

mo. YTD

1

yr.

3

yr.

5

yr.

10

yr.

Since

Inception*

Mawer World Investment Fund 6.1 -3.2 -2.1 -4.7 11.5 14.0 6.5 8.9

Median International Equity - MF 4.9 -5.7 -3.3 -12.0 6.2 10.5 1.9 N/A

Mawer Canadian Diversified Investment Fund 3.8 -0.7 -0.4 0.1 7.8 9.7 6.1 8.2

Median Global Equity Balanced - MF 3.0 -3.2 -1.4 -4.7 5.3 7.6 3.2 N/A

Manulife Tax-Managed Growth Fund 2.7 -5.5 -3.8 -2.6 8.0 8.3 N/A 3.0

Median Global Equity - MF 3.3 -5.1 -3.1 -9.9 4.8 7.6 1.1 N/A

Mawer U.S Equity Fund 1.1 0.9 -2.1 -4.7 11.5 14.0 6.5 8.9

Median U.S Equity - MF 0.9 -5.5 -4.4 -14.2 -0.8 1.5 -1.8 N/A

Mawer Canadian Equity Fund 5.9 -5.3 -0.8 3.3 14.0 16.3 9.5 10.3

Median Canadian Equity - MF 6.0 -5.5 0.0 1.6 14.0 16.9 7.6 N/A

Mawer Canadian Bond Fund 1.6 4.5 2.2 4.7 3.8 5.0 5.2 7.1

Median Canadian Fixed Income -MF 1.5 3.8 2.0 3.8 3.3 4.5 4.8 N/A

Source: PALTrak as of April 30, 2008.

Fund performed better than category median

Outperforms Competitors

Three Great Reasons to Invest

1. Award winning performer

2. History of outperformance during down markets

3. Proven long-term returns

Funds That You Can Grow With

Funds That You Can Grow With

Manulife Mawer Diversified Investment Fund


Outstanding Performance

Source: Globe Hysales as of April 30, 2008 since inception of Mawer Canadian Diversified Investment Fund: January 1, 1988For illustration purposes only.

Growth of $10,000


$50,125

$41,315

$30,206

$0

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

Mawer Canadian Diversified Investment Fund Blend: 60% MSCI World, 40% Lehman Bros

Globe Global Balanced Peer Index

Jan-88

Oct-88

Jul-8

9

Apr-90

Jan-91

Oct-91

Jul-9

2

Apr-93

Jan-94

Oct-94Ju

l-95

Apr-96

Jan-97

Oct-97Ju

l-98

Apr-99

Jan-00

Oct-00Ju

l-01

Apr-02

Jan-03

Oct-03

Jul-0

4

Apr-05

Jan-06

Oct-06

Jul-0

7

Apr-08

Source: Globe Hysales: Aug 31, 2000 – March 31, 2003For illustration purposes only

August 2000 – March 2003


Performance During LastBear Market

Mawer Canadian Diversified Investment Fund Blend: 60% MSCI World, 40% Lehman Bros

Globe Global Balanced Peer Index

$ 9,772

$ 7,957

$ 7,175

$6,000

$7,000

$8,000

$9,000

$10,000

$11,000

$12,000

Aug-00 Jun-01 Apr-02 Feb-03

Source: Globe HySales® as of April 30, 2008.For illustration purposes only.

5-Year Risk/Return


Strong Risk-adjusted Returns

Globe Global Balanced Peer

Index


Blend: 60% MSCI World, 40%

Lehman Bros

0.0

2.0

4.0

6.0

8.0

10.0

12.0

4.0 4.5 5.0 5.5 6.0 6.5 7.0 7.5 8.0

5 Year Standard Deviation (%)

5 Y

ear

Re

turn

(%

)

Fund Code Trailer Commission

Front-End EPL 1.00% 0 – 5.00%

DSC EPL 0.50% 5.00%

Low Load EPL 1.00% 2.00%

Series F EPL NEG N/A

Elite Series I EPL NEG N/A


Compensation

Providing Solid Performance


10 Year Growth of $10,000

Mawer Canadian Equity Fund

$24,845

$18,567

$21,858

$0

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

Apr-98

Apr-00

Apr-02

Apr-04

Apr-06

Apr-08

Mawer Canadian Equity Fund Globe Canadian Equity Peer Index S&P/TSX Total Return

Source: Globe HySales® : August 2000 – Sept 2002.For illustration purposes only.


August 2000 – September 2002


$9,915

$7,313

$5,679

$5,000

$6,000

$7,000

$8,000

$9,000

$10,000

$11,000

$12,000

Aug-00

Oct-00

Dec-00

Feb-01

Apr-01

Jun-01

Aug-01

Oct-01

Dec-01

Feb-02

Apr-02

Jun-02

Aug-02

Sep-02

Mawer Canadian Equity Fund Globe Canadian Equity Peer Index S&P/TSX Total Return

Source: Morningstar Analyst Report February 22, 2008.For illustration purposes only.

Consistency

Outperformance In Any 12 Month Down Period Since 2000


32%33%12%Frequency

of Loss:


-4.60%

S&P/TSX Composite

TotalReturn Index

-9.60%

Median Canadian

Equity Fund

-13.60%-0.16

-0.14

-0.12

-0.1

-0.08

-0.06

-0.04

-0.02

0


Front-End EPL 1.00% 0 – 5.00%

DSC EPL 0.50% 5.00%




CompensationManulife Mawer Canadian Equity Class

Manulife MawerU.S. Equity FundManulife MawerU.S. Equity Fund

Source: Globe HySales® as of April 30, 2008. Inception date: December 10, 1992. For illustration purposes only.

Growth of $10,000 Since Inception


Outperforming The AverageU.S. Equity Fund

$24,916

$21,463

$0

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

$35,000

Mawer U.S. Equity Fund Globe U.S. Equity Peer Index

Dec-92 Nov-94 Oct-96 Sep-98 Aug-00 Jul-02 Jun-04 May-06 Apr-08

Source: Globe HySales® : Aug 2000 – March 2003.For illustration purposes only.


August 2000 – March 2003


$7,556

$5,792$5,482

$5,000

$6,000

$7,000

$8,000

$9,000

$10,000

$11,000

Aug-00

Oct-00

Dec-00

Feb-01

Apr-01

Jun-01

Aug-01

Oct-01

Dec-01

Feb-02

Apr-02

Jun-02

Aug-02

Oct-02

Dec-02

Feb-03


S&P 500 Composite Total Return Index ($Cdn)

Globe U.S. Equity Peer Index

Source: Globe HySales® : all 6 month down periods since inception of Mawer U.S Equity Fund – December 10, 1992 – at April 2008.For illustration purposes only.

Average Outperformance of Mawer U.S. Equity FundDuring All 6 Month Down Markets

Downside Protection

2.21%

2.44%

2.10%

2.15%

2.20%

2.25%

2.30%

2.35%

2.40%

2.45%

2.50%

2.55%

2.60%

Outperformance vs. S&P 500 Index ($Cdn)

Outperformance vs. Globe U.S. Equity Peer Index


Front-End EPL 1.00% 0 – 5.00%

DSC EPL 0.50% 5.00%




Manulife Mawer U.S. Equity Fund

Compensation

Manulife Mawer Canadian Bond Fund

Manulife Mawer Canadian Bond Fund

3 Months 6 Months 1 Year 3 Years 5 Years 10 Years 15 Years

Mawer Canadian Bond Fund 1.56% 4.49% 4.68% 3.85% 4.96% 5.17% 6.49%

Median 1.33% 3.43% 3.10% 3.05% 4.09% 4.41% 5.86%

Number of Funds 333 317 284 226 200 95 60Rank 87 29 28 57 48 23 17

Quartile Ranking 2 1 1 2 1 1 2

Source: Globe HySales® as of April 30, 2008.Median is the Canadian Fixed Income category.

Leader Among Canadian Bond Funds Mawer Canadian Bond Fund

-1

0

1

2

3

4

5

6

7

8

Ra

te o

f R

etu

rn %

Allocate 10% or 20% of the Mawer Canadian Bond Fund (MCBF) To Your Portfolio

Source: Globe HySales® as of April 30, 2008 since inception of Mawer Canadian Bond Fund: June 1991.For illustration purposes only.

Minimize Risk In Your Equity Portfolio

Result: Risk decreases Result: Returns stay the course

Add10%

MCBF

Add 20%

MCBF

S&P/TSX

“Which leads to…”

Risk (%)

Risk decreases

Add 20%MCBF

Add 10%MCBF

S&P/TSX

Ret

urn

(%)

0

2

4

6

8

10

12

11.00 11.50 12.00 12.50 13.00 13.50 14.00 14.50 15.00

10.9% 10.6% 10.3%

Ret

urn

(%

)

0

2

4

6

8

10

12

For illustration purposes only.Source: Globe HySales® s as at April 30, 2008, since inception of Mawer Canadian Bond Fund, June 1991.

Better Risk-adjusted PerformanceMawer Canadian Bond Fund

By adding 20% MCBF, thereturn per unit of risk (return/risk)increases from 0.74 to 0.82

Add10%MCBF

Add 20%MCBF

S&P/TSX

0.74

0.78

0.82

Ret

urn

/Ris

k

0.68

0.70

0.72

0.74

0.76

0.78

0.80

0.82

0.84

0.86

0.88S&P/TSX

90% S&P/TSX 10% Mawer Cdn. Bond Fund

80% S&P/TSX 20% Mawer Cdn. Bond Fund


Front-End EPL 0.50% 0 – 5.00%

DSC EPL 0.25% 5.00%




CompensationManulife Mawer Canadian Bond Fund

Manulife Mawer Tax-ManagedGrowth Fund

Manulife Mawer Tax-ManagedGrowth Fund

Source: PALTrak as of April 30, 2008 using 3 year Tax Efficiency Pre Liquidation Ratios.For illustration purposes only. Manulife Mawer Tax-Managed Growth Fund previously Manulife Tax-Managed Growth Fund.

Helping You Keep More of Your Money

Growth of $100,000 at 8% per annumusing 3 year after-tax pre-liquidation ratios

Manulife Mawer Tax-Managed Growth Fund

$465,406

$414,474

$354,754

99.9% Ratio - Manulife Mawer Tax-Managed Growth Fund 92.1% Ratio – Average Global Equity Mutual Fund

81.7% Ratio – Average All Mutual Funds

$0

$50000

$100000

$150000

$200000

$250000

$300000

$350000

$400000

$450000

$500000

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Source: Globe HySales® September 30, 2005 to April 30, 2008.For illustration purposes only.

Growth of $10,000 Since September 2005

Manulife Tax-Managed Growth Fund

Outperformance of Mawer

$11,264

$10,760$10,992

$8,000

$9,000

$10,000

$11,000

$12,000

$13,000

$14,000

Sep-05

Oct-05

Dec-05

Feb-06

Apr-06

Jun-06

Aug-06

Oct-06

Dec-06

Feb-07

Apr-07

Jun-07

Aug-07

Oct-07

Dec-07

Feb-08

MSCI World ($Cdn) Manulife Tax-Managed Growth Fund Globe Global Equity Peer Index

Apr-08


Better Risk-adjusted ReturnsManulife Tax-Managed Growth Fund

3 Year Risk/Return

0

1

2

3

4

5

6

7

8

7 7.5 8 8.5 9 9.5

Globe Global Equity Peer Index Manulife Tax-Managed Growth Fund MSCI World ($Cdn)

Risk (%)

Ret

urn

(%

) .

Compensation

Fund Fund Code Trailer Commission

Front-End EPL562 1.25% 0 – 5.00%

DSC EPL462 0.50% 5.00%

Low Load EPL762 1.00% 2.00%

Series F EPL662 NEG N/A

Elite Series I EPL862 NEG N/A

Manulife Mawer Tax-Managed Growth Fund

Manulife Mawer World Investment Class


Superior Growth

Source: Globe HySales® as of April 30, 2008, Mawer World Investment Fund data prior to June 1989 provided by Mawer Investment Management. Mawer World Investment Fund inception date November 1987. For illustration purposes only. Performance histories are not indicative of future performance.

Mawer World Investment Fund:

Growth of $10,000 Since Inception

$56, 997

$34, 278$33, 276

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

Mawer World Investment Fund MSCI EAFE ($Cdn)

Globe International Equity Peer Index

Nov-87 Oct-90 Sep-93 Aug-96 Jul-99 Jun-02 May-05 Apr-08

$0

Solid Outperformance In All Markets...

Source: Globe HySales® as of April 30, 2008. Mawer World Investment Fund inception date November 1987.For illustration purposes only. Performance histories are not indicative of future performance.

Mawer World Investment FundRolling 36 month Up/Down-market

outperformance

82%

87%

18%

0%

13%

100%

0% 20% 40% 60% 80% 100%

Up

Down

All Markets

% of time fund outperforms benchmark

Outperforms Underperforms

Mawer World Investment FundAverage Rolling 36 month Annualized

Return10.02%

6.64% 6.35%

0%

2%

4%

6%

8%

10%

Mawer WorldInvestment Fund

MSCI EAFE($Cdn)

Globe InternationalEquity Peer Index

Compensation

Fund Fund Code Trailer Commission

Front-End EPL8521 1.00% 0 – 5.00%

DSC EPL8421 0.50% 5.00%

Low Load EPL8721 1.00% 2.00%

Series F EPL8621 NEG N/A

Elite Series I EPL8821 NEG N/A


Manulife Mawer Global Small Cap Fund


Global Small Caps Have Historically Provided Superior Growth

Growth of $10,000of Global Small Cap Index

Source: Standard & Poors & Globe HySales® July 1989 – April 30, 2008.For illustration purposes only.

Jul-89

Oct-90

Jan-92

Apr-93

Jul-94

Oct-95

Jan-97

Apr-98

Jul-99

Oct-00

Jan-02

Apr-03

Jul-04

Oct-05

Jan-07

Apr-08

$42,188

$34,683

$0

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

S&P/Citigroup Global Equity Index (<$1B market cap, $Cdn) MSCI World ($Cdn)

Global Small Caps Offer Similar Risk to Broader Index

Source: Standard & Poors & Globe HySales® July 1989 – April 30, 2008. For illustration purposes only.

Ris

k (

Sta

nd

ard

Dev

iati

on

) %

14.13%13.49%

10

11

12

13

15

16

S&P/Citigroup Global Equity Index (<$1B market cap, $Cdn)

MSCI World ($Cdn)

Growth Potential Without Significantly Higher Risk

Small Caps Have Recovered Quicker From Bear Markets

Source: Standard & Poors & Globe HySales® April 30, 2003 – April 30, 2008.For illustration purposes only.

Growth of $10,00 After Last Bear MarketApril 2003 – April 2008

S&P/Citigroup Global Equity Index (<$1B market cap, $Cdn) MSCI World ($Cdn)

$16,946

$14,625

$10000

$12000

$14000

$16000

$18000

$20000

$22000

$24000

Apr-03 Oct-03 Apr-04 Oct-04 Apr-05 Oct-05 Apr-06 Oct-06 Apr-07 Oct-07 Apr-08

Compensation


Front-End EPL 1.00% 0 – 5.00%

DSC EPL 0.50% 5.00%





Important Notes

• The information provided in this presentation is for advisor use only and is not intended for the general public

• The performance of the Mawer mutual funds does not mean that the Manulife Mawer mutual funds will provide the same returns

• Performance histories are not indicative of future performance

• Manulife Funds and Manulife Corporate Classes are managed by Manulife Mutual Funds, a division of Elliott & Page Limited

• Manulife Investments is the brand name identifying the personal wealth management lines of business offered by The Manufacturers Life Insurance Company (Manulife Financial) and its subsidiaries in Canada

• Manulife and the block design are registered service marks and trademarks of The Manufacturers Life Insurance Company and are used by it and its affiliates including Manulife Financial Corporation

Thank YouThank You

Manulife Mawer Family of Funds Agenda Strong brand name Well-defined investment process Proven track...

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