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Trending ETFs

John Hancock High Yield Fund

mutual fund
JYHIX
Payout Change
Pending
Price as of:
$3.01 +0.0 +0.0%
primary theme
High Yield Bond
JYHIX (Mutual Fund)

John Hancock High Yield Fund

Payout Change
Pending
Price as of:
$3.01 +0.0 +0.0%
primary theme
High Yield Bond
JYHIX (Mutual Fund)

John Hancock High Yield Fund

Payout Change
Pending
Price as of:
$3.01 +0.0 +0.0%
primary theme
High Yield Bond

Name

As of 06/21/2024

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

$3.01

$1.24 B

6.36%

$0.19

0.68%

Vitals

YTD Return

2.1%

1 yr return

9.8%

3 Yr Avg Return

1.1%

5 Yr Avg Return

3.0%

Net Assets

$1.24 B

Holdings in Top 10

15.5%

52 WEEK LOW AND HIGH

$3.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.68%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 74.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$250,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/21/2024

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

$3.01

$1.24 B

6.36%

$0.19

0.68%

JYHIX - Profile

Distributions

  • YTD Total Return 2.1%
  • 3 Yr Annualized Total Return 1.1%
  • 5 Yr Annualized Total Return 3.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.94%
DIVIDENDS
  • Dividend Yield 6.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    John Hancock High Yield Fund
  • Fund Family Name
    John Hancock Group of Funds
  • Inception Date
    Aug 28, 2007
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Dennis McCafferty

Fund Description

Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in U.S. and foreign fixed-income securities rated BB/Ba or lower and their unrated equivalents. Bonds rated at or below BB by S&P Global Ratings (S&P) or Fitch Ratings, Inc. (Fitch Ratings) or Ba by Moody’s Investors Service, Inc. (Moody’s) are considered junk bonds. These may include, but are not limited to, domestic and foreign corporate bonds and government obligations, debentures and notes, convertible securities, preferred securities, and domestic and foreign government obligations. No more than 10% of the fund’s total assets may be invested in securities that are rated in default by S&P,Fitch Ratings or Moody’s. The fund’s investment policies are based on credit ratings at the time of purchase. There is no limit on the fund’s average maturity.The manager focuses on industry allocation and securities selection in making investment decisions. The manager uses top-down analysis to determine which industries may benefit from current and future changes in the economy. The manager uses bottom-up research to find individual securities that appear comparatively undervalued. The manager looks at the financial condition of the issuers, as well as the collateralization and other features of the securities themselves. The fund may hold up to 20% of its total assets in the securities of companies in any one industry and up to 10% of its total assets in the securities of any individual issuer. The fund typically invests in a broad range of industries.The manager considers environmental, social, and/or governance (ESG) factors, alongside other relevant factors, as part of its investment process. ESG factors may include, but are not limited to, matters regarding board diversity, climate change policies, and supply chain and human rights policies. The ESG characteristics utilized in the fund’s investment process may change over time and one or more characteristics may not be relevant with respect to all issuers that are eligible fund investments.The fund may invest in both investment-grade and below-investment-grade asset-backed securities. The fund may use certain higher-risk investments, including restricted or illiquid securities, bank loans and derivatives. Some loans may be illiquid. Derivatives may be used to reduce risk, obtain efficient market exposure, and/or enhance investment returns, and may include futures contracts on securities, indexes and foreign currency; options on futures contracts, securities, indexes and foreign currency; interest-rate, foreign currency and credit default swaps; and foreign currency forward contracts. In addition, the fund may invest up to 20% of its assets in U.S. and foreign common stocks of companies of any size. The fund may trade securities actively.
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JYHIX - Performance

Return Ranking - Trailing

Period JYHIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% -7.6% 8.3% 77.41%
1 Yr 9.8% -5.0% 19.2% 68.30%
3 Yr 1.1%* -15.7% 20.1% 60.07%
5 Yr 3.0%* -12.3% 36.8% 56.45%
10 Yr 3.2%* -5.4% 19.5% 55.74%

* Annualized

Return Ranking - Calendar

Period JYHIX Return Category Return Low Category Return High Rank in Category (%)
2023 5.9% -4.7% 14.3% 29.16%
2022 -16.3% -33.4% 3.6% 65.28%
2021 0.0% -8.4% 8.2% 48.67%
2020 -0.6% -13.2% 302.7% 59.69%
2019 7.5% -4.4% 13.3% 58.73%

Total Return Ranking - Trailing

Period JYHIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% -7.6% 8.3% 77.41%
1 Yr 9.8% -5.0% 19.2% 68.30%
3 Yr 1.1%* -15.7% 20.1% 60.07%
5 Yr 3.0%* -12.3% 36.8% 56.45%
10 Yr 3.2%* -5.4% 19.5% 55.74%

* Annualized

Total Return Ranking - Calendar

Period JYHIX Return Category Return Low Category Return High Rank in Category (%)
2023 13.4% -4.7% 18.7% 17.75%
2022 -10.9% -33.4% 47.8% 54.08%
2021 5.5% -8.4% 12.4% 38.83%
2020 5.2% -9.6% 325.6% 55.40%
2019 13.7% -3.8% 19.4% 50.62%

NAV & Total Return History


JYHIX - Holdings

Concentration Analysis

JYHIX Category Low Category High JYHIX % Rank
Net Assets 1.24 B 1.45 M 23.6 B 35.07%
Number of Holdings 348 2 2888 51.27%
Net Assets in Top 10 192 M -492 M 5.26 B 28.73%
Weighting of Top 10 15.45% 4.2% 164.1% 39.84%

Top 10 Holdings

  1. JH COLLATERAL 9.67%
  2. INTERNATIONAL GAME TECHNOLOGY SR SECURED 144A 01/27 6.25 0.76%
  3. SPRINT LLC COMPANY GUAR 06/24 7.125 0.69%
  4. FORD MOTOR CREDIT CO LLC SR UNSECURED 08/25 4.134 0.69%
  5. LIVE NATION ENTERTAINMENT INC COMPANY GUAR 144A 10/27 4.75 0.65%
  6. CAESARS ENTERTAINMENT INC SR SECURED 144A 02/30 7 0.62%
  7. CONTINENTAL RESOURCES INC/OK COMPANY GUAR 144A 01/31 5.75 0.61%
  8. ENBRIDGE INC SUBORDINATED 01/84 VAR 0.60%
  9. NMI HOLDINGS INC SR SECURED 144A 06/25 7.375 0.58%
  10. NEIGHBORLY ISSUER 2023-1 NBLY 2023 1A A2 144A 0.58%

Asset Allocation

Weighting Return Low Return High JYHIX % Rank
Bonds
88.67% -0.88% 154.38% 85.62%
Cash
9.67% -52.00% 48.07% 8.10%
Other
2.14% -63.70% 100.29% 10.00%
Convertible Bonds
2.03% 0.00% 17.89% 24.29%
Preferred Stocks
0.58% 0.00% 7.88% 18.10%
Stocks
0.00% 0.00% 99.58% 82.62%

Bond Sector Breakdown

Weighting Return Low Return High JYHIX % Rank
Corporate
95.84% 0.00% 100.00% 44.67%
Cash & Equivalents
9.67% 0.00% 48.07% 7.62%
Securitized
0.30% 0.00% 97.24% 31.64%
Derivative
0.00% -14.70% 42.26% 51.43%
Municipal
0.00% 0.00% 1.17% 40.22%
Government
0.00% 0.00% 99.07% 58.66%

Bond Geographic Breakdown

Weighting Return Low Return High JYHIX % Rank
US
88.67% -0.88% 129.21% 74.76%
Non US
0.00% 0.00% 98.19% 64.13%

JYHIX - Expenses

Operational Fees

JYHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.68% 0.02% 38.33% 78.13%
Management Fee 0.50% 0.00% 1.84% 32.59%
12b-1 Fee 0.00% 0.00% 1.00% 4.50%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

JYHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

JYHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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.

JYHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 74.00% 1.00% 255.00% 69.55%

JYHIX - Distributions

Dividend Yield Analysis

JYHIX Category Low Category High JYHIX % Rank
Dividend Yield 6.36% 0.00% 11.76% 47.48%

Dividend Distribution Analysis

JYHIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly SemiAnnual Monthly Monthly

Net Income Ratio Analysis

JYHIX Category Low Category High JYHIX % Rank
Net Income Ratio 4.94% -2.39% 14.30% 22.62%

Capital Gain Distribution Analysis

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

Distributions History

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JYHIX - Fund Manager Analysis

Managers

Dennis McCafferty


Start Date

Tenure

Tenure Rank

Dec 21, 2009

12.45

12.5%

Dennis F. McCafferty, CFA, is a managing director and portfolio manager at Manulife Investment Management, working on the company’s High Yield Fixed Income, Floating Rate and Special Opportunities Equity Strategies. He has expertise investing across capital structures with a fundamental valuation approach. He also focuses on distressed credit opportunities for the firm. Education: The College of New Jersey, BS in Finance, 1995; Villanova University, MBA, 1999. Joined Company: 2008 Began Career: 1995

Caryn Rothman


Start Date

Tenure

Tenure Rank

Oct 01, 2017

4.67

4.7%

Caryn E. Rothman is a managing director at Manulife Investment Management, serving as co-head on the High Yield and Floating Rate Income strategies and as sector lead for Consumer and Healthcare on the U.S. Credit Research Team. Previously, Caryn was a senior research analyst for the fixed income team, providing coverage on the retail, consumer products, food & beverage, restaurants, healthcare and pharmaceuticals industries. Caryn is a value-oriented fundamental investor with over 20 years of experience investing across the full spectrum of leveraged credit opportunities.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.17 8.17