High Yield Fund
Fund
JIHDX
Price as of:
$6.87
+ $0.02
+ 0.29%
Primary Theme
fund company
Name
As of 04/23/2024Price
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
0.9%
1 yr return
9.8%
3 Yr Avg Return
0.6%
5 Yr Avg Return
3.0%
Net Assets
$197 M
Holdings in Top 10
7.5%
52 WEEK LOW AND HIGH
$6.9
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.87%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 82.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/23/2024Price
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
JIHDX - Profile
Distributions
- YTD Total Return 0.9%
- 3 Yr Annualized Total Return 0.6%
- 5 Yr Annualized Total Return 3.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 4.91%
- Dividend Yield 5.5%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameHigh Yield Fund
-
Fund Family NameJohn Hancock
-
Inception DateOct 17, 2005
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Buchanan
Fund Description
Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) at the time of investment in high yield securities. The fund’s investments may include corporate bonds, preferred stocks, U.S. government and foreign securities, mortgage-backed securities, loan assignments or participations and convertible securities which have the following ratings (or, if unrated, are considered by the manager to be of equivalent quality):Corporate Bonds, Preferred Stocks and Convertible SecuritiesMoody’s Investors Service, Inc...........................Ba through CS&P Global Ratings..............................................BB through DBelow-investment-grade securities are commonly referred to as “junk bonds.” The fund may also invest in investment-grade securities.As part of its investment strategy, the fund will generally invest without restrictions within these ratings category ranges, or in unrated securities considered to be of equivalent quality by the manager.The fund may invest in foreign bonds and other fixed-income securities denominated in foreign currencies, where, in the opinion of the manager, the combination of current yield and currency value offer attractive expected returns. Foreign securities in which the fund may invest include emerging market securities. The fund may invest up to 100% of its assets in foreign securities.The fund may also enter into various derivative transactions for both hedging and non-hedging purposes, including for purposes of enhancing returns. These derivative transactions include, but are not limited to, futures, options, swaps and forwards. In particular, the fund may use interest rate swaps, credit default swaps (on individual securities and/or baskets of securities), futures contracts and/or mortgage-backed securities to a significant extent, although the amounts invested in these instruments may change from time to time.The fund may invest in fixed- and floating-rate loans, generally in the form of loan participations and assignments of such loans.The fund normally maintains an average portfolio duration of between three and seven years. However, the fund may invest in individual securities of any duration. Duration is an approximate measure of the sensitivity of the market value of a security to changes in interest rates.
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JIHDX - Performance
Return Ranking - Trailing
| Period | JIHDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.9% | -7.6% | 6.5% | 48.67% |
| 1 Yr | 9.8% | -8.2% | 16.9% | 22.05% |
| 3 Yr | 0.6%* | -16.6% | 20.0% | 67.00% |
| 5 Yr | 3.0%* | -12.2% | 36.6% | 53.04% |
| 10 Yr | 3.2%* | -5.0% | 19.3% | 53.52% |
* Annualized
Return Ranking - Calendar
| Period | JIHDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.7% | -4.7% | 14.3% | 64.69% |
| 2022 | -19.0% | -33.4% | 3.6% | 91.17% |
| 2021 | 0.7% | -8.4% | 14.9% | 28.41% |
| 2020 | -0.5% | -13.9% | 302.7% | 56.68% |
| 2019 | 9.1% | -4.4% | 13.3% | 20.49% |
Total Return Ranking - Trailing
| Period | JIHDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.9% | -7.6% | 6.5% | 48.67% |
| 1 Yr | 9.8% | -8.2% | 16.9% | 22.05% |
| 3 Yr | 0.6%* | -16.6% | 20.0% | 67.00% |
| 5 Yr | 3.0%* | -12.2% | 36.6% | 53.04% |
| 10 Yr | 3.2%* | -5.0% | 19.3% | 53.52% |
* Annualized
Total Return Ranking - Calendar
| Period | JIHDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.9% | -4.7% | 18.2% | 31.25% |
| 2022 | -13.7% | -33.4% | 47.8% | 89.12% |
| 2021 | 5.9% | -8.4% | 24.8% | 32.18% |
| 2020 | 5.7% | -9.6% | 325.6% | 43.99% |
| 2019 | 16.0% | 0.9% | 21.5% | 9.90% |
NAV & Total Return History
JIHDX - Holdings
Concentration Analysis
| JIHDX | Category Low | Category High | JIHDX % Rank | |
|---|---|---|---|---|
| Net Assets | 197 M | 1.45 M | 23.6 B | 72.84% |
| Number of Holdings | 372 | 2 | 2736 | 45.12% |
| Net Assets in Top 10 | 14.5 M | -492 M | 4.45 B | 83.72% |
| Weighting of Top 10 | 7.50% | 4.2% | 146.9% | 90.70% |
Top 10 Holdings
- NCL CORP LTD SR SECURED 144A 02/27 5.875 1.00%
- GLOBAL AIRCRAFT LEASING CO LTD SR UNSECURED 144A 09/24 6.5 0.95%
- VIKING CRUISES LTD SR UNSECURED 144A 02/29 7 0.79%
- CCO HOLDINGS LLC / CCO HOLDING SR UNSECURED 05/32 4.5 0.74%
- GEO GROUP INC/THE SECURED 144A 12/28 9.5 0.74%
- WYNN MACAU LTD SR UNSECURED 144A 08/28 5.625 0.68%
- AMERICAN AIRLINES INC/AADVANTA SR SECURED 144A 04/29 5.75 0.68%
- NCL CORP LTD SR SECURED 144A 02/28 8.375 0.66%
- GTCR W-2 MERGER SUB LLC SR SECURED 144A 01/31 7.5 0.64%
- CARNIVAL CORP COMPANY GUAR 144A 06/30 10.5 0.63%
Asset Allocation
| Weighting | Return Low | Return High | JIHDX % Rank | |
|---|---|---|---|---|
| Bonds | 95.70% | -3.13% | 154.38% | 36.73% |
| Cash | 3.15% | -52.00% | 48.07% | 56.90% |
| Convertible Bonds | 3.07% | 0.00% | 17.89% | 10.70% |
| Stocks | 0.59% | 0.00% | 99.54% | 43.52% |
| Preferred Stocks | 0.44% | 0.00% | 7.88% | 19.84% |
| Other | 0.12% | -63.70% | 102.57% | 34.88% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | JIHDX % Rank | |
|---|---|---|---|---|
| Energy | 97.73% | 0.00% | 100.00% | 12.11% |
| Consumer Cyclical | 2.27% | 0.00% | 100.00% | 29.86% |
| Utilities | 0.00% | 0.00% | 100.00% | 73.52% |
| Technology | 0.00% | 0.00% | 33.17% | 76.34% |
| Real Estate | 0.00% | 0.00% | 86.71% | 71.83% |
| Industrials | 0.00% | 0.00% | 93.12% | 75.21% |
| Healthcare | 0.00% | 0.00% | 22.17% | 70.70% |
| Financial Services | 0.00% | 0.00% | 100.00% | 73.80% |
| Communication Services | 0.00% | 0.00% | 99.99% | 83.38% |
| Consumer Defense | 0.00% | 0.00% | 100.00% | 72.11% |
| Basic Materials | 0.00% | 0.00% | 100.00% | 73.52% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | JIHDX % Rank | |
|---|---|---|---|---|
| US | 0.56% | 0.00% | 99.54% | 43.72% |
| Non US | 0.03% | -0.01% | 0.83% | 9.30% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | JIHDX % Rank | |
|---|---|---|---|---|
| Corporate | 82.25% | 0.00% | 129.69% | 91.15% |
| Government | 7.55% | 0.00% | 99.07% | 4.97% |
| Securitized | 5.91% | 0.00% | 97.24% | 9.16% |
| Cash & Equivalents | 0.84% | 0.00% | 48.07% | 76.43% |
| Derivative | 0.12% | -15.04% | 42.26% | 18.60% |
| Municipal | 0.00% | 0.00% | 4.66% | 65.22% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | JIHDX % Rank | |
|---|---|---|---|---|
| US | 95.41% | -3.13% | 129.21% | 28.37% |
| Non US | 0.30% | 0.00% | 98.19% | 39.84% |
JIHDX - Expenses
Operational Fees
| JIHDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.87% | 0.04% | 31.61% | 60.93% |
| Management Fee | 0.70% | 0.00% | 1.84% | 84.70% |
| 12b-1 Fee | 0.05% | 0.00% | 1.00% | 15.41% |
| Administrative Fee | N/A | 0.00% | 0.50% | 81.90% |
Sales Fees
| JIHDX 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
| JIHDX 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.
| JIHDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 82.00% | 1.00% | 255.00% | 76.36% |
JIHDX - Distributions
Dividend Yield Analysis
| JIHDX | Category Low | Category High | JIHDX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 5.47% | 0.00% | 11.76% | 10.79% |
Dividend Distribution Analysis
| JIHDX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| JIHDX | Category Low | Category High | JIHDX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 4.91% | -2.39% | 14.30% | 24.61% |
Capital Gain Distribution Analysis
| JIHDX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Mar 22, 2024 | $0.094 | OrdinaryDividend |
| Dec 20, 2023 | $0.162 | OrdinaryDividend |
| Sep 25, 2023 | $0.135 | OrdinaryDividend |
| Jun 26, 2023 | $0.108 | OrdinaryDividend |
| Mar 27, 2023 | $0.104 | OrdinaryDividend |
| Dec 20, 2022 | $0.124 | OrdinaryDividend |
| Sep 26, 2022 | $0.130 | OrdinaryDividend |
| Jun 24, 2022 | $0.101 | OrdinaryDividend |
| Mar 25, 2022 | $0.088 | OrdinaryDividend |
| Dec 20, 2021 | $0.124 | OrdinaryDividend |
| Sep 24, 2021 | $0.106 | OrdinaryDividend |
| Jun 25, 2021 | $0.088 | OrdinaryDividend |
| Mar 26, 2021 | $0.090 | OrdinaryDividend |
| Dec 21, 2020 | $0.120 | OrdinaryDividend |
| Sep 25, 2020 | $0.114 | OrdinaryDividend |
| Jun 25, 2020 | $0.114 | OrdinaryDividend |
| Mar 26, 2020 | $0.102 | OrdinaryDividend |
| Dec 20, 2019 | $0.140 | OrdinaryDividend |
| Sep 25, 2019 | $0.111 | OrdinaryDividend |
| Jun 25, 2019 | $0.104 | OrdinaryDividend |
| Mar 26, 2019 | $0.135 | OrdinaryDividend |
| Dec 21, 2018 | $0.131 | OrdinaryDividend |
| Sep 25, 2018 | $0.121 | OrdinaryDividend |
| Jun 26, 2018 | $0.118 | OrdinaryDividend |
| Mar 27, 2018 | $0.112 | OrdinaryDividend |
| Dec 22, 2017 | $0.130 | OrdinaryDividend |
| Sep 26, 2017 | $0.125 | OrdinaryDividend |
| Jun 27, 2017 | $0.127 | OrdinaryDividend |
| Mar 28, 2017 | $0.098 | OrdinaryDividend |
| Dec 23, 2016 | $0.141 | OrdinaryDividend |
| Sep 27, 2016 | $0.160 | OrdinaryDividend |
| Jun 28, 2016 | $0.112 | OrdinaryDividend |
| Mar 29, 2016 | $0.099 | OrdinaryDividend |
| Dec 24, 2015 | $0.171 | OrdinaryDividend |
| Sep 28, 2015 | $0.187 | OrdinaryDividend |
| Jun 26, 2015 | $0.155 | OrdinaryDividend |
| Mar 26, 2015 | $0.133 | OrdinaryDividend |
| Dec 24, 2014 | $0.188 | OrdinaryDividend |
| Sep 26, 2014 | $0.192 | OrdinaryDividend |
| Jun 26, 2014 | $0.170 | OrdinaryDividend |
| Mar 26, 2014 | $0.123 | OrdinaryDividend |
| Dec 24, 2013 | $0.178 | OrdinaryDividend |
| Sep 26, 2013 | $0.162 | OrdinaryDividend |
| Jun 26, 2013 | $0.172 | OrdinaryDividend |
| Mar 26, 2013 | $0.135 | OrdinaryDividend |
| Dec 24, 2012 | $0.177 | OrdinaryDividend |
| Sep 26, 2012 | $0.175 | OrdinaryDividend |
| Jun 27, 2012 | $0.185 | OrdinaryDividend |
| Mar 28, 2012 | $0.160 | OrdinaryDividend |
| Dec 23, 2011 | $0.176 | OrdinaryDividend |
| Sep 27, 2011 | $0.205 | OrdinaryDividend |
| Jun 27, 2011 | $0.164 | OrdinaryDividend |
| Mar 28, 2011 | $0.178 | OrdinaryDividend |
| Dec 27, 2010 | $0.181 | OrdinaryDividend |
| Sep 24, 2010 | $0.205 | OrdinaryDividend |
| Jun 24, 2010 | $0.192 | OrdinaryDividend |
| Mar 25, 2010 | $0.212 | OrdinaryDividend |
| Dec 17, 2009 | $0.255 | OrdinaryDividend |
| Sep 25, 2009 | $0.226 | OrdinaryDividend |
| Jun 26, 2009 | $0.198 | OrdinaryDividend |
| Mar 27, 2009 | $0.263 | OrdinaryDividend |
| Dec 17, 2008 | $0.201 | OrdinaryDividend |
| Sep 25, 2008 | $0.230 | OrdinaryDividend |
| Jun 26, 2008 | $0.201 | OrdinaryDividend |
| Mar 27, 2008 | $0.212 | OrdinaryDividend |
| Dec 13, 2007 | $0.205 | OrdinaryDividend |
| Sep 27, 2007 | $0.208 | OrdinaryDividend |
| Jul 02, 2007 | $0.188 | OrdinaryDividend |
| Mar 29, 2007 | $0.167 | OrdinaryDividend |
| Dec 22, 2006 | $0.205 | OrdinaryDividend |
| Sep 28, 2006 | $0.184 | OrdinaryDividend |
| Jun 29, 2006 | $0.477 | OrdinaryDividend |
| Dec 14, 2005 | $0.127 | OrdinaryDividend |
JIHDX - Fund Manager Analysis
Managers
Michael Buchanan
Start Date
Tenure
Tenure Rank
Mar 31, 2006
16.18
16.2%
– Western Asset Management Company, LLC – Deputy Chief Investment Officer, 2005– – Credit Suisse Asset Management – Managing Director, Head of U.S. Credit Products, 2003–2005 – Janus Capital Management – Executive Vice President, Portfolio Manager, 2003 – BlackRock Financial Management – Managing Director, Portfolio Manager, 1998–2003 – Conseco Capital Management – Vice President, Portfolio Manager, 1990–1998 – Brown University, B.A. – Chartered Financial Analyst
S. Leech
Start Date
Tenure
Tenure Rank
Sep 26, 2014
7.68
7.7%
– Western Asset Management Company, LLC – Chief Investment Officer, 1990– – Greenwich Capital Markets – Portfolio Manager, 1988–1990 – The First Boston Corporation – Fixed Income Manager, 1980–1988 – National Bank of Detroit – Portfolio Manager, 1977–1980 – The Wharton School, University of Pennsylvania, M.B.A., B.S., B.A., summa cum laude, 1972–1976
Walter Kilcullen
Start Date
Tenure
Tenure Rank
Dec 31, 2017
4.42
4.4%
-Western Asset Management Company, LLC - Head of US High Yield, 2002-Present -Seix Investment Advisors - Head High Yield Trader, 1998-2002 -University of Massachusetts, Amherst, B.A. Economics
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.13 | 37.79 | 7.12 | 8.17 |