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John Hancock Government Income Fund
mutual fund
JGIFX
Payout Change
Pending
Price as of:
$7.84
+0.03
+0.38%
primary theme
Intermediate-Term U.S. Treasury Bond
share class
JGIFX (Mutual Fund)
John Hancock Government Income Fund
Payout Change
Pending
Price as of:
$7.84
+0.03
+0.38%
primary theme
Intermediate-Term U.S. Treasury Bond
share class
JGIFX (Mutual Fund)
John Hancock Government Income Fund
Payout Change
Pending
Price as of:
$7.84
+0.03
+0.38%
primary theme
Intermediate-Term U.S. Treasury Bond
share class
Name
As of 11/27/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
1.5%
1 yr return
4.5%
3 Yr Avg Return
-3.0%
5 Yr Avg Return
-1.1%
Net Assets
$166 M
Holdings in Top 10
68.7%
52 WEEK LOW AND HIGH
$7.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.80%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 169.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$250,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/27/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
JGIFX - Profile
Distributions
- YTD Total Return 1.5%
- 3 Yr Annualized Total Return -3.0%
- 5 Yr Annualized Total Return -1.1%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.02%
- Dividend Yield 3.3%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameJohn Hancock Government Income Fund
-
Fund Family NameJohn Hancock Group of Funds
-
Inception DateSep 09, 2016
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJeffrey Given
Fund Description
Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in obligations issued or guaranteed by the U.S. government and its agencies, authorities, or instrumentalities (U.S. government securities). There is no limit on the fund’s average maturity. U.S. government securities may be supported by:●the full faith and credit of the U.S. government, such as U.S. Treasury bills, notes, and bonds, and Government National Mortgage Association Certificates.●the right of the issuer to borrow from the U.S. Treasury, such as obligations of the Federal Home Loan Mortgage Corporation.●the credit of the instrumentality, such as obligations of the Federal National Mortgage Association.The fund may invest up to 10% of its total assets in below-investment-grade fixed-income securities (junk bonds) rated Ba and below by Moody’s Investors Service, Inc. (Moody’s) or BB and below by S&P Global Ratings (S&P) or Fitch Ratings, Inc. (Fitch Ratings) or comparable rating by any nationally recognized statistical rating organization (NRSRO). However, the fund may not invest in a fixed-income security rated lower than B by any two NRSROs. The fund may invest in higher-risk securities, including U.S. dollar-denominated foreign government securities and mortgage- and asset-backed securities, or certain supranational entities (such as the World Bank). Although the fund generally invests in foreign government securities rated within the four highest categories by an NRSRO, or their unrated equivalents, it may invest up to 10% of its assets in foreign government high-yield securities (junk bonds) rated as low as B and their unrated equivalents. The fund’s investment policies are based on credit ratings at the time of purchase.The manager considers interest-rate trends in determining which types of bonds to emphasize at a given time. The fund typically favors mortgage-backed securities when the manager anticipates that interest rates will be relatively stable and favors U.S. Treasuries at other times. Because high-yield bonds often respond to market movements differently than U.S. government bonds, the fund may use them to manage volatility.The fund may invest in derivatives. Derivatives, including futures contracts and options, may be used to reduce risk, obtain efficient market exposure, and/or enhance investment returns. The fund may trade securities actively.
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JGIFX - Performance
Return Ranking - Trailing
| Period | JGIFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.5% | -3.9% | 26.3% | 84.82% |
| 1 Yr | 4.5% | -4.4% | 33.3% | 90.18% |
| 3 Yr | -3.0%* | -7.5% | 13.1% | 86.55% |
| 5 Yr | -1.1%* | -5.7% | 3.0% | 85.85% |
| 10 Yr | N/A* | -2.2% | 3.0% | 64.26% |
* Annualized
Return Ranking - Calendar
| Period | JGIFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -0.2% | -1.0% | 22.1% | 76.34% |
| 2022 | -15.4% | -20.4% | -5.8% | 92.83% |
| 2021 | -4.5% | -7.1% | 16.6% | 88.07% |
| 2020 | 5.2% | -1.3% | 8.8% | 8.96% |
| 2019 | 3.7% | 0.3% | 7.1% | 31.10% |
Total Return Ranking - Trailing
| Period | JGIFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.5% | -3.9% | 26.3% | 84.82% |
| 1 Yr | 4.5% | -4.4% | 33.3% | 90.18% |
| 3 Yr | -3.0%* | -7.5% | 13.1% | 86.55% |
| 5 Yr | -1.1%* | -5.7% | 3.0% | 85.85% |
| 10 Yr | N/A* | -2.2% | 3.0% | 61.36% |
* Annualized
Total Return Ranking - Calendar
| Period | JGIFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 3.9% | -0.5% | 28.8% | 67.41% |
| 2022 | -12.4% | -18.5% | -3.3% | 67.71% |
| 2021 | -2.4% | -4.5% | 25.3% | 77.06% |
| 2020 | 7.2% | -1.3% | 13.0% | 26.42% |
| 2019 | 6.2% | 1.8% | 11.3% | 34.93% |
NAV & Total Return History
JGIFX - Holdings
Concentration Analysis
| JGIFX | Category Low | Category High | JGIFX % Rank | |
|---|---|---|---|---|
| Net Assets | 166 M | 8.69 M | 134 B | 82.59% |
| Number of Holdings | 113 | 13 | 12380 | 82.59% |
| Net Assets in Top 10 | 118 M | 5.7 M | 55.6 B | 71.88% |
| Weighting of Top 10 | 68.74% | 6.2% | 99.3% | 10.71% |
Top 10 Holdings
- UNITED STATES TREASURY NOTE/BO 08/27 3.75 19.73%
- UNITED STATES TREASURY NOTE/BO 06/29 4.25 15.60%
- UNITED STATES TREASURY NOTE/BO 06/31 4.25 9.98%
- UNITED STATES TREASURY NOTE/BO 05/44 4.625 9.52%
- UNITED STATES TREASURY NOTE/BO 08/54 4.25 4.95%
- UNITED STATES TREASURY NOTE/BO 07/26 4.375 2.69%
- UNITED STATES TREASURY NOTE/BO 08/52 3 2.56%
- UNITED STATES TREASURY NOTE/BO 05/26 4.875 1.41%
- UNITED STATES TREASURY NOTE/BO 07/29 4 1.18%
- FANNIE MAE POOL FN 09/50 FIXED 2.5 1.12%
Asset Allocation
| Weighting | Return Low | Return High | JGIFX % Rank | |
|---|---|---|---|---|
| Bonds | 99.18% | 0.03% | 161.75% | 58.93% |
| Cash | 0.82% | -20.28% | 28.09% | 68.30% |
| Stocks | 0.00% | 0.00% | 95.39% | 70.98% |
| Preferred Stocks | 0.00% | 0.00% | 0.11% | 70.98% |
| Convertible Bonds | 0.00% | 0.00% | 3.29% | 71.43% |
| Other | 0.00% | -20.46% | 42.16% | 86.16% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | JGIFX % Rank | |
|---|---|---|---|---|
| Government | 74.67% | 0.00% | 100.00% | 13.84% |
| Securitized | 25.06% | 0.00% | 99.79% | 76.79% |
| Cash & Equivalents | 0.42% | 0.00% | 28.09% | 73.21% |
| Municipal | 0.26% | 0.00% | 5.24% | 17.41% |
| Corporate | 0.00% | 0.00% | 9.48% | 79.46% |
| Derivative | 0.00% | -12.53% | 3.25% | 60.27% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | JGIFX % Rank | |
|---|---|---|---|---|
| US | 99.18% | 0.03% | 161.75% | 58.93% |
| Non US | 0.00% | 0.00% | 2.20% | 70.98% |
JGIFX - Expenses
Operational Fees
| JGIFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.80% | 0.03% | 2.85% | 42.60% |
| Management Fee | 0.53% | 0.00% | 0.85% | 93.30% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 5.77% |
| Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
| JGIFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.00% | 4.50% | N/A |
| Deferred Load | N/A | 1.00% | 4.50% | N/A |
Trading Fees
| JGIFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| JGIFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 169.00% | 3.35% | 948.00% | 51.43% |
JGIFX - Distributions
Dividend Yield Analysis
| JGIFX | Category Low | Category High | JGIFX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.28% | 0.00% | 4.94% | 31.70% |
Dividend Distribution Analysis
| JGIFX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
| JGIFX | Category Low | Category High | JGIFX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.02% | -0.80% | 2.96% | 28.70% |
Capital Gain Distribution Analysis
| JGIFX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Oct 31, 2024 | $0.021 | OrdinaryDividend |
| Sep 30, 2024 | $0.021 | OrdinaryDividend |
| Aug 30, 2024 | $0.023 | OrdinaryDividend |
| Jul 31, 2024 | $0.024 | OrdinaryDividend |
| Apr 30, 2024 | $0.024 | OrdinaryDividend |
| Mar 28, 2024 | $0.024 | OrdinaryDividend |
| Feb 29, 2024 | $0.025 | OrdinaryDividend |
| Jan 31, 2024 | $0.024 | OrdinaryDividend |
| Dec 29, 2023 | $0.025 | OrdinaryDividend |
| Nov 30, 2023 | $0.025 | OrdinaryDividend |
| Oct 31, 2023 | $0.025 | OrdinaryDividend |
| Sep 29, 2023 | $0.024 | OrdinaryDividend |
| Aug 31, 2023 | $0.024 | OrdinaryDividend |
| Jul 31, 2023 | $0.024 | OrdinaryDividend |
| Jun 30, 2023 | $0.022 | OrdinaryDividend |
| May 31, 2023 | $0.023 | OrdinaryDividend |
| Apr 28, 2023 | $0.023 | OrdinaryDividend |
| Mar 31, 2023 | $0.023 | OrdinaryDividend |
| Feb 28, 2023 | $0.022 | OrdinaryDividend |
| Jan 31, 2023 | $0.024 | OrdinaryDividend |
| Dec 30, 2022 | $0.043 | OrdinaryDividend |
| Dec 19, 2022 | $0.018 | OrdinaryDividend |
| Nov 30, 2022 | $0.023 | OrdinaryDividend |
| Oct 31, 2022 | $0.022 | OrdinaryDividend |
| Sep 30, 2022 | $0.021 | OrdinaryDividend |
| Aug 31, 2022 | $0.017 | OrdinaryDividend |
| Jul 29, 2022 | $0.018 | OrdinaryDividend |
| Jun 30, 2022 | $0.017 | OrdinaryDividend |
| May 31, 2022 | $0.015 | OrdinaryDividend |
| Apr 29, 2022 | $0.012 | OrdinaryDividend |
| Mar 31, 2022 | $0.011 | OrdinaryDividend |
| Feb 28, 2022 | $0.010 | OrdinaryDividend |
| Jan 31, 2022 | $0.009 | OrdinaryDividend |
| Dec 31, 2021 | $0.065 | OrdinaryDividend |
| Dec 17, 2021 | $0.056 | OrdinaryDividend |
| Nov 30, 2021 | $0.007 | OrdinaryDividend |
| Oct 29, 2021 | $0.007 | OrdinaryDividend |
| Sep 30, 2021 | $0.007 | OrdinaryDividend |
| Aug 31, 2021 | $0.007 | OrdinaryDividend |
| Jul 30, 2021 | $0.008 | OrdinaryDividend |
| Jun 30, 2021 | $0.008 | OrdinaryDividend |
| May 28, 2021 | $0.008 | OrdinaryDividend |
| Apr 30, 2021 | $0.008 | OrdinaryDividend |
| Mar 31, 2021 | $0.007 | OrdinaryDividend |
| Feb 26, 2021 | $0.007 | OrdinaryDividend |
| Jan 29, 2021 | $0.009 | OrdinaryDividend |
| Dec 31, 2020 | $0.009 | OrdinaryDividend |
| Dec 18, 2020 | $0.036 | OrdinaryDividend |
| Nov 30, 2020 | $0.010 | OrdinaryDividend |
| Oct 30, 2020 | $0.010 | OrdinaryDividend |
| Sep 30, 2020 | $0.010 | OrdinaryDividend |
| Aug 31, 2020 | $0.010 | OrdinaryDividend |
| Jul 31, 2020 | $0.010 | OrdinaryDividend |
| Jun 30, 2020 | $0.011 | OrdinaryDividend |
| May 29, 2020 | $0.012 | OrdinaryDividend |
| Apr 30, 2020 | $0.013 | OrdinaryDividend |
| Mar 31, 2020 | $0.013 | OrdinaryDividend |
| Feb 28, 2020 | $0.014 | OrdinaryDividend |
| Jan 31, 2020 | $0.014 | OrdinaryDividend |
| Dec 31, 2019 | $0.014 | OrdinaryDividend |
| Nov 29, 2019 | $0.014 | OrdinaryDividend |
| Oct 31, 2019 | $0.014 | OrdinaryDividend |
| Sep 30, 2019 | $0.015 | OrdinaryDividend |
| Aug 30, 2019 | $0.015 | OrdinaryDividend |
| Jul 31, 2019 | $0.016 | OrdinaryDividend |
| Dec 20, 2018 | $0.012 | ExtraDividend |
| Dec 21, 2017 | $0.014 | ExtraDividend |
JGIFX - Fund Manager Analysis
Managers
Jeffrey Given
Start Date
Tenure
Tenure Rank
Jan 01, 1998
24.43
24.4%
Jeffrey N. Given, CFA Senior Portfolio Manager, Co-Head of U.S. Core and Core-Plus Fixed Income, Manulife Investment Management Jeff is co-head of the firm’s U.S. core and core-plus fixed-income team and is responsible for the firm’s securitized, core, core-plus, and government bond strategies. Prior to joining the portfolio management team, he was focused on research and trading in mortgage-backed securities within the Manulife fixed-income teams. Previously, he was an investment compliance analyst at the company.
Howard Greene
Start Date
Tenure
Tenure Rank
Apr 05, 2006
16.16
16.2%
Howard C. Greene, CFA Senior Portfolio Manager, Co-Head of U.S. Core and Core-Plus Fixed Income, Manulife Investment Management Howard is co-head of the firm’s U.S. core and core-plus fixed-income team and serves as a co-lead portfolio manager for the core and core-plus fixed-income strategies. Prior to joining the company, he spent more than 14 years at Sun Life Financial Services of Canada as a senior vice president for Sun Capital Advisers, managing investment-grade and high-yield fixed-income portfolios.
Connor Minnaar
Start Date
Tenure
Tenure Rank
Mar 31, 2022
0.17
0.2%
Connor Minnaar, CFA ·Senior Director and Associate Portfolio Manager ·Joined Manulife IM (US) in 2006 ·Began business career in 2002
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.11 | 31.64 | 8.43 | 7.35 |
