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Trending ETFs

John Hancock Municipal Opportunities Fund

mutual fund
JTBDX
Payout Change
Pending
Price as of:
$9.06 +0.01 +0.11%
primary theme
Municipal Bond
JTBDX (Mutual Fund)

John Hancock Municipal Opportunities Fund

Payout Change
Pending
Price as of:
$9.06 +0.01 +0.11%
primary theme
Municipal Bond
JTBDX (Mutual Fund)

John Hancock Municipal Opportunities Fund

Payout Change
Pending
Price as of:
$9.06 +0.01 +0.11%
primary theme
Municipal Bond

Name

As of 06/14/2024

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

$9.06

$1.09 B

3.49%

$0.32

0.62%

Vitals

YTD Return

1.4%

1 yr return

4.9%

3 Yr Avg Return

-0.7%

5 Yr Avg Return

1.1%

Net Assets

$1.09 B

Holdings in Top 10

9.0%

52 WEEK LOW AND HIGH

$9.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.62%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 20.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$250,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/14/2024

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

$9.06

$1.09 B

3.49%

$0.32

0.62%

JTBDX - Profile

Distributions

  • YTD Total Return 1.4%
  • 3 Yr Annualized Total Return -0.7%
  • 5 Yr Annualized Total Return 1.1%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.90%
DIVIDENDS
  • Dividend Yield 3.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    John Hancock Municipal Opportunities Fund
  • Fund Family Name
    John Hancock
  • Inception Date
    Feb 13, 2017
  • Shares Outstanding
    9434295
  • Share Class
    I
  • 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 amounts borrowed for investment purposes, in tax-exempt bonds of any maturity. The fund primarily invests in bonds that are investment grade when purchased, but the fund may also invest up to 35% of its net assets in non-investment grade bonds rated BB or lower by S&P Global Ratings (S&P), Fitch Ratings,Inc. (Fitch Ratings), or Moody’s Investors Service, Inc. (Moody’s), or comparable rating by any nationally recognized statistical ratings organization (NRSRO) or unrated equivalents. The fund may invest in other fixed income securities which include bonds, debt securities and other similar instruments. The fund’s investment policies are based on credit ratings at the time of purchase.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), as they 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 effect of falling interest rates on the fund’s yield. To the extent that the fund invests in bonds that are subject to the alternative minimum tax (AMT), the income paid by the fund may not be entirely tax-free to all investors. Investments in bonds subject to the AMT will not be counted toward the fund’s 80% investment policy.The fund may buy bonds of any maturity or duration. The fund may invest heavily in bonds from any given state or region, and may have substantial investments in obligations of certain states and their agencies, instrumentalities, and/or political subdivisions. The fund may engage in derivative transactions that include futures contracts on debt securities and debt securities indexes; options on futures, debt securities, and debt indexes; and inverse floating-rate securities, in each case, for the purposes of reducing risk and/or enhancing investment returns. 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.
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JTBDX - Performance

Return Ranking - Trailing

Period JTBDX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% -2.9% 17.0% 18.26%
1 Yr 4.9% -1.4% 29.0% 21.07%
3 Yr -0.7%* -11.1% 2.9% 35.05%
5 Yr 1.1%* -6.3% 1102.2% 25.59%
10 Yr N/A* -0.5% 248.4% 31.17%

* Annualized

Return Ranking - Calendar

Period JTBDX Return Category Return Low Category Return High Rank in Category (%)
2023 2.7% -1.4% 41.0% 52.51%
2022 -12.3% -39.7% 0.3% 59.45%
2021 0.4% -5.6% 6.9% 17.55%
2020 1.1% -2.6% 310.0% 78.79%
2019 4.5% 0.0% 26.0% 25.49%

Total Return Ranking - Trailing

Period JTBDX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% -2.9% 17.0% 18.26%
1 Yr 4.9% -1.4% 29.0% 21.07%
3 Yr -0.7%* -11.1% 2.9% 35.05%
5 Yr 1.1%* -6.3% 1102.2% 25.59%
10 Yr N/A* -0.5% 248.4% 30.51%

* Annualized

Total Return Ranking - Calendar

Period JTBDX Return Category Return Low Category Return High Rank in Category (%)
2023 6.6% -1.3% 41.0% 26.91%
2022 -9.4% -39.7% 1.1% 50.92%
2021 3.6% -4.8% 23761504.0% 9.31%
2020 4.2% -1.5% 17057.9% 34.19%
2019 6.5% 0.2% 3514.6% 51.40%

NAV & Total Return History


JTBDX - Holdings

Concentration Analysis

JTBDX Category Low Category High JTBDX % Rank
Net Assets 1.09 B 3.22 M 71.9 B 28.02%
Number of Holdings 812 2 13067 12.93%
Net Assets in Top 10 98.4 M -317 M 3.56 B 44.31%
Weighting of Top 10 9.04% 2.0% 100.2% 86.93%

Top 10 Holdings

  1. COLORADO STATE EDUCATION LOAN COSEDU 06/24 FIXED 4 1.84%
  2. ILLINOIS STATE TOLL HIGHWAY AU ILSTRN 01/37 FIXED 5 1.15%
  3. CITY and COUNTY OF DENVER CO AIR DENAPT 11/29 FIXED 5.5 1.03%
  4. TEXAS MUNICIPAL GAS ACQUISITIO TMGUTL 01/54 ADJUSTABLE VAR 1.02%
  5. TOWNSHIP OF UNION NJ/UNION COU UNN 01/25 FIXED 4.5 0.93%
  6. METROPOLITAN GOVERNMENT NASHVI METHGR 07/46 FIXED 5 0.78%
  7. SAN FRANCISCO BAY AREA RAPID T SFOTRN 08/52 FIXED OID 4.25 0.70%
  8. MASSACHUSETTS DEVELOPMENT FINA MASMED 03/34 FIXED 5 0.55%
  9. COMMONWEALTH OF PUERTO RICO PRC 11/43 ADJUSTABLE VAR 0.52%
  10. OMAHA PUBLIC POWER DISTRICT OMAPWR 02/43 FIXED 5 0.52%

Asset Allocation

Weighting Return Low Return High JTBDX % Rank
Bonds
99.81% 0.00% 150.86% 18.77%
Cash
0.40% -50.86% 46.80% 76.93%
Stocks
0.20% 0.00% 99.81% 6.62%
Preferred Stocks
0.00% 0.00% 0.56% 49.25%
Other
0.00% -3.18% 33.35% 52.37%
Convertible Bonds
0.00% 0.00% 0.93% 48.86%

Stock Sector Breakdown

Weighting Return Low Return High JTBDX % Rank
Utilities
0.00% 0.00% 0.00% N/A
Technology
0.00% 0.00% 0.00% N/A
Real Estate
0.00% 0.00% 0.00% N/A
Industrials
0.00% 0.00% 100.00% N/A
Healthcare
0.00% 0.00% 0.00% N/A
Financial Services
0.00% 0.00% 0.00% N/A
Energy
0.00% 0.00% 0.00% N/A
Communication Services
0.00% 0.00% 100.00% N/A
Consumer Defense
0.00% 0.00% 0.00% N/A
Consumer Cyclical
0.00% 0.00% 100.00% N/A
Basic Materials
0.00% 0.00% 0.00% N/A

Stock Geographic Breakdown

Weighting Return Low Return High JTBDX % Rank
US
0.20% 0.00% 99.81% 6.63%
Non US
0.00% 0.00% 10.47% 2.40%

Bond Sector Breakdown

Weighting Return Low Return High JTBDX % Rank
Municipal
99.53% 44.39% 100.00% 29.48%
Corporate
0.46% 0.00% 9.41% 5.74%
Cash & Equivalents
0.40% 0.00% 46.24% 43.27%
Derivative
0.00% -3.18% 19.67% 49.51%
Securitized
0.00% 0.00% 5.93% 49.18%
Government
0.00% 0.00% 52.02% 53.03%

Bond Geographic Breakdown

Weighting Return Low Return High JTBDX % Rank
US
99.81% 0.00% 142.23% 17.35%
Non US
0.00% 0.00% 23.89% 6.95%

JTBDX - Expenses

Operational Fees

JTBDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.62% 0.01% 20.65% 64.04%
Management Fee 0.49% 0.00% 1.20% 76.56%
12b-1 Fee 0.00% 0.00% 1.00% 0.37%
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

JTBDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

JTBDX 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.

JTBDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 20.00% 0.00% 283.00% 58.37%

JTBDX - Distributions

Dividend Yield Analysis

JTBDX Category Low Category High JTBDX % Rank
Dividend Yield 3.49% 0.00% 14.51% 14.87%

Dividend Distribution Analysis

JTBDX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Monthly Monthly

Net Income Ratio Analysis

JTBDX Category Low Category High JTBDX % Rank
Net Income Ratio 2.90% -0.53% 5.33% 8.02%

Capital Gain Distribution Analysis

JTBDX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

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JTBDX - 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
0.08 35.05 7.36 1.58