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Trending ETFs

John Hancock High Yield Municipal Bond Fund

mutual fund
JHTFX
Payout Change
Pending
Price as of:
$7.19 -0.01 -0.14%
primary theme
High Yield Municipal Bond
share class
C (JCTFX) A (JHTFX) I (JHYMX) R6 (JCTRX)
JHTFX (Mutual Fund)

John Hancock High Yield Municipal Bond Fund

Payout Change
Pending
Price as of:
$7.19 -0.01 -0.14%
primary theme
High Yield Municipal Bond
share class
C (JCTFX) A (JHTFX) I (JHYMX) R6 (JCTRX)
JHTFX (Mutual Fund)

John Hancock High Yield Municipal Bond Fund

Payout Change
Pending
Price as of:
$7.19 -0.01 -0.14%
primary theme
High Yield Municipal Bond
share class
C (JCTFX) A (JHTFX) I (JHYMX) R6 (JCTRX)

Name

As of 12/09/2024

Price

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

John Hancock High Yield Municipal Bond Fund

JHTFX | Fund

$7.19

$209 M

4.38%

$0.32

1.09%

Vitals

YTD Return

9.8%

1 yr return

12.3%

3 Yr Avg Return

-0.3%

5 Yr Avg Return

1.9%

Net Assets

$209 M

Holdings in Top 10

10.7%

52 WEEK LOW AND HIGH

$7.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.09%

SALES FEES

Front Load 4.00%

Deferred Load N/A

TRADING FEES

Turnover 34.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/09/2024

Price

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

John Hancock High Yield Municipal Bond Fund

JHTFX | Fund

$7.19

$209 M

4.38%

$0.32

1.09%

JHTFX - Profile

Distributions

  • YTD Total Return 9.8%
  • 3 Yr Annualized Total Return -0.3%
  • 5 Yr Annualized Total Return 1.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.48%
DIVIDENDS
  • Dividend Yield 4.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    John Hancock High Yield Municipal Bond Fund
  • Fund Family Name
    John Hancock Group of Funds
  • Inception Date
    Dec 12, 1995
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Dennis DiCicco

Fund Description

Under normal market conditions, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in municipal bonds. The fund considers municipal bonds to be comprised of securities the income from which is exempt from regular income tax and includes securities that generate income subject to the alternative minimum tax (AMT). The manager normally invests primarily in medium- and lower-quality municipal securities rated A and below by Moody’s Investors Service, Inc. (Moody’s), S&P Global Ratings (S&P), and Fitch Ratings, Inc. (Fitch Ratings), or their unrated equivalents. The fund may buy bonds of any maturity.However, the fund will not invest more than 5% of its total assets in securities rated lower than B. The fund’s investment policies are based on credit ratings at the time of purchase. Bonds that are rated at or below BB by S&P or Fitch or Ba by Moody’s are considered junk bonds. Municipal bonds may be subject to the AMT and income may not be entirely tax-free to all investors.The fund may invest heavily in bonds from any given state or region. The fund may engage in derivative transactions to reduce risk and/or enhance investment returns. Derivatives may include futures contracts on debt securities and debt securities indexes; options on futures, debt securities and debt indexes; and inverse floating-rate securities. The fund may also use tender option bond transactions to seek to enhance potential gains. The fund will look through to the underlying municipal bonds held by a tender option bond trust for purposes of the fund’s 80% policy. The fund may leverage its assets through the use of proceeds received as a result of tender option bond transactions. The fund may contribute up to 15% of its holdings in municipal securities to tender option bond transactions.The manager looks for undervalued bonds, based on both broad and security-specific factors such as issuer creditworthiness, bond structure, and general credit trends, and uses detailed analysis of an appropriate index to model portfolio performance and composition.The fund may invest in general obligation bonds, however, in general, the manager favors bonds backed by revenue from a specific public project or facility, such as a power plant (revenue bonds), which tend to offer higher yields than general obligation bonds. The manager also favors bonds that have limitations on early payoff (call protection), which can help minimize the potential effect of falling interest rates on the fund’s yield. The manager may implement short-term trading strategies to take advantage of pricing imbalances within the municipal bond market.For liquidity and flexibility, the fund may invest up to 20% of its net assets (plus any borrowings for investment purposes) in taxable and tax-free investment-grade short-term securities.
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JHTFX - Performance

Return Ranking - Trailing

Period JHTFX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.8% -0.8% 15.1% 6.47%
1 Yr 12.3% -0.1% 17.8% 5.47%
3 Yr -0.3%* -8.2% 3.4% 41.84%
5 Yr 1.9%* -4.8% 4.0% 21.54%
10 Yr 2.8%* -0.4% 155.7% 57.48%

* Annualized

Return Ranking - Calendar

Period JHTFX Return Category Return Low Category Return High Rank in Category (%)
2023 3.3% -6.2% 7.5% 37.13%
2022 -19.5% -26.9% -3.5% 79.90%
2021 2.1% -1.9% 5.6% 54.82%
2020 0.6% -4.0% 4.2% 47.96%
2019 3.1% -0.7% 9.1% 95.79%

Total Return Ranking - Trailing

Period JHTFX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.8% -0.8% 15.1% 6.47%
1 Yr 12.3% -0.1% 17.8% 5.47%
3 Yr -0.3%* -8.2% 3.4% 41.84%
5 Yr 1.9%* -4.8% 4.0% 21.54%
10 Yr 2.8%* -0.4% 155.7% 57.48%

* Annualized

Total Return Ranking - Calendar

Period JHTFX Return Category Return Low Category Return High Rank in Category (%)
2023 8.5% -4.1% 10.9% 21.29%
2022 -16.0% -26.9% 4.3% 78.39%
2021 6.3% -1.9% 10.0% 31.47%
2020 5.0% -2.6% 8.2% 21.43%
2019 7.5% -0.7% 1028633.9% 76.84%

NAV & Total Return History

JHTFX - Holdings

Concentration Analysis

JHTFX Category Low Category High JHTFX % Rank
Net Assets 209 M 3.1 M 15.6 B 83.00%
Number of Holdings 322 20 3325 66.33%
Net Assets in Top 10 27.1 M -102 M 1.96 B 86.43%
Weighting of Top 10 10.75% 4.6% 98.9% 71.86%

Top 10 Holdings

  1. SAN FRANCISCO BAY AREA RAPID T SFOTRN 08/52 FIXED OID 4.25 2.40%
  2. METROPOLITAN WASHINGTON AIRPOR METAPT 10/41 INT APROID VAR 1.28%
  3. BUCKEYE TOBACCO SETTLEMENT FIN BUCGEN 06/55 FIXED 5 1.09%
  4. BEAVER COUNTY INDUSTRIAL DEVEL BEAPOL 10/47 ADJ CNVFIX 3.75 1.05%
  5. COMMONWEALTH OF PUERTO RICO PRC 11/43 ADJUSTABLE VAR 0.89%
  6. ARIZONA INDUSTRIAL DEVELOPMENT AZSEDU 07/61 FIXED 4 0.84%
  7. COUNTY OF OHIO WV OHSDEV 06/53 FIXED 5.25 0.82%
  8. LBJ INFRASTRUCTURE GROUP LLC SR SECURED 144A 12/57 3.797 0.81%
  9. TENNESSEE ENERGY ACQUISITION C TNSUTL 02/25 FIXED 5 0.80%
  10. SAN FRANCISCO CA BAY AREA RAPI SFOTRN 08/37 FIXED 4 0.77%

Asset Allocation

Weighting Return Low Return High JHTFX % Rank
Bonds 		103.37% 0.00% 146.69% 15.35%
Cash 		0.00% -0.64% 10.86% 72.86%
Stocks 		0.00% 0.00% 99.72% 42.08%
Preferred Stocks 		0.00% -47.61% 0.00% 17.09%
Other 		0.00% -5.67% 5.07% 29.65%
Convertible Bonds 		0.00% 0.00% 0.00% 10.05%

Bond Sector Breakdown

Weighting Return Low Return High JHTFX % Rank
Municipal 		99.18% 50.68% 100.00% 32.16%
Corporate 		0.82% 0.00% 2.83% 17.09%
Cash & Equivalents 		0.00% 0.00% 10.86% 43.72%
Derivative 		0.00% -7.70% 2.16% 24.12%
Securitized 		0.00% 0.00% 22.44% 15.58%
Government 		0.00% 0.00% 0.09% 14.57%

Bond Geographic Breakdown

Weighting Return Low Return High JHTFX % Rank
US 		103.37% 0.00% 139.84% 15.58%
Non US 		0.00% 0.00% 13.35% 18.59%

JHTFX - Expenses

Operational Fees

JHTFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.09% 0.22% 3.44% 38.61%
Management Fee 0.54% 0.00% 1.41% 71.78%
12b-1 Fee 0.25% 0.00% 1.00% 34.58%
Administrative Fee N/A 0.02% 0.35% N/A

Sales Fees

JHTFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.00% 1.00% 4.50% 41.86%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

JHTFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A 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.

JHTFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 34.00% 2.00% 121.00% 73.26%

JHTFX - Distributions

Dividend Yield Analysis

JHTFX Category Low Category High JHTFX % Rank
Dividend Yield 4.38% 0.00% 5.94% 25.25%

Dividend Distribution Analysis

JHTFX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

JHTFX Category Low Category High JHTFX % Rank
Net Income Ratio 3.48% 1.11% 5.44% 32.67%

Capital Gain Distribution Analysis

JHTFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

JHTFX - Fund Manager Analysis

Managers

Dennis DiCicco

Start Date

Tenure

Tenure Rank

Jul 12, 2018

3.89

3.9%

■ Portfolio Manager ■ Managed Manulife Investment Management (US) LLC since 2018 ■ Fixed Income Trader, Capital Security Advisors, LLC (2013-2016) ■ Began business career in 2008

Adam Weigold

Start Date

Tenure

Tenure Rank

Sep 08, 2021

0.73

0.7%

Adam A. Weigold, Vice President of Boston Management and Research. Mr. Weigold was a Vice President of Eaton Vance, has been an Eaton Vance portfolio manager for more than five years and also manages other Eaton Vance funds. Each portfolio manager is a Vice President of Eaton Vance and BMR and also manages other Eaton Vance portfolios, and Mr. Weigold was appointed a portfolio manager in 2007 and has been a municipal credit analyst of Eaton Vance for more than five years.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 21.43 7.58 2.52

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