JHYMX: JHancock High Yield Municipal Bond I

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JHYMX JHancock High Yield Municipal Bond I


Profile

JHYMX - Profile

Vitals

  • YTD Return -7.9%
  • 3 Yr Annualized Return -2.7%
  • 5 Yr Annualized Return N/A
  • Net Assets $139 M
  • Holdings in Top 10 17.5%

52 WEEK LOW AND HIGH

$7.39
$6.78
$8.28

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.82%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 41.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $250,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -7.9%
  • 3 Yr Annualized Total Return -2.7%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.23%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    John Hancock High Yield Municipal Bond Fund
  • Fund Family Name
    John Hancock
  • Inception Date
    Feb 13, 2017
  • Shares Outstanding
    1685448
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • 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. It will not invest more than 5% of its total assets in securities rated lower than B. The fund may invest heavily in bonds from any given state or region.


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Categories

Fund Company Quick Screens

JHYMX - Fund Company Quick Screens


Performance

JHYMX - Performance

Return Ranking - Trailing

Period JHYMX Return Category Return Low Category Return High Rank in Category (%)
YTD -7.9% -13.7% 0.5% 79.79%
1 Yr -8.5% -13.7% 5.3% 98.95%
3 Yr -2.7%* -2.7% 1.8% 98.20%
5 Yr N/A* -2.2% 1.9% N/A
10 Yr N/A* -1.4% 1.8% N/A

* Annualized

Return Ranking - Calendar

Period JHYMX Return Category Return Low Category Return High Rank in Category (%)
2019 3.1% -0.7% 9.1% 91.98%
2018 -3.6% -4.8% 9.2% 90.23%
2017 N/A -9.7% 8.6% N/A
2016 N/A -6.1% -0.8% N/A
2015 N/A -5.6% 2.9% N/A

Total Return Ranking - Trailing

Period JHYMX Return Category Return Low Category Return High Rank in Category (%)
YTD -7.9% -13.7% 0.5% 79.79%
1 Yr -8.5% -13.7% 5.3% 98.95%
3 Yr -2.7%* -2.7% 1.8% 98.20%
5 Yr N/A* -2.2% 2.5% N/A
10 Yr N/A* -1.4% 4.3% N/A

* Annualized

Total Return Ranking - Calendar

Period JHYMX Return Category Return Low Category Return High Rank in Category (%)
2019 3.1% -0.7% 9.1% 91.98%
2018 -3.6% -4.8% 9.2% 90.23%
2017 N/A -9.7% 8.8% N/A
2016 N/A -6.1% 1.0% N/A
2015 N/A -5.6% 5.3% N/A

NAV & Total Return History


Holdings

JHYMX - Holdings

Concentration Analysis

JHYMX Category Low Category High JHYMX % Rank
Net Assets 139 M 366 K 17.9 B 83.67%
Number of Holdings 137 6 3645 88.60%
Net Assets in Top 10 25.7 M -38.7 M 2.51 B 82.38%
Weighting of Top 10 17.54% 4.2% 98.8% 24.87%

Top 10 Holdings

  1. TENNESSEE ENERGY ACQUISITION CORP GAS REV 5% 2.74%
  2. METROPOLITAN WASH D C ARPTS AUTH DULLES TOLL RD REV 6.5% 2.52%
  3. PUERTO RICO SALES TAX FING CORP SALES TAX REV 0.01% 2.05%
  4. PUBLIC AUTH FOR COLO ENERGY NAT GAS PUR REV 6.25% 2.03%
  5. CHICAGO ILL O HARE INTL ARPT REV 5.75% 1.47%
  6. ILLINOIS ST 5% 1.41%
  7. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5.3% 1.37%
  8. NORTHERN TOB SECURITIZATION CORP ALASKA TOB SETTLEMENT REV 5% 1.36%
  9. LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH REV 3.5% 1.31%
  10. NEW YORK LIBERTY DEV CORP LIBERTY REV 5% 1.28%

Asset Allocation

Weighting Return Low Return High JHYMX % Rank
Bonds
98.82% 79.21% 148.07% 35.05%
Other
0.84% -0.09% 1.67% 6.22%
Cash
0.33% -1.98% 17.48% 76.68%
Stocks
0.00% 0.00% 3.82% 53.09%
Preferred Stocks
0.00% -48.07% 0.00% 45.60%
Convertible Bonds
0.00% 0.00% 0.00% 46.11%

Bond Sector Breakdown

Weighting Return Low Return High JHYMX % Rank
Municipal
99.66% 82.40% 100.00% 20.21%
Cash & Equivalents
0.34% 0.00% 17.60% 78.24%
Derivative
0.00% 0.00% 0.26% 50.26%
Securitized
0.00% 0.00% 0.00% 46.11%
Corporate
0.00% 0.00% 5.11% 63.21%
Government
0.00% -2.36% 0.96% 52.33%

Bond Geographic Breakdown

Weighting Return Low Return High JHYMX % Rank
US
93.70% 74.35% 141.91% 47.67%
Non US
5.12% 0.00% 14.58% 49.74%

Expenses

JHYMX - Expenses

Operational Fees

JHYMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.82% 0.21% 2.78% 61.46%
Management Fee 0.59% 0.00% 1.25% 82.74%
12b-1 Fee 0.00% 0.00% 1.00% 6.14%
Administrative Fee N/A 0.01% 0.35% N/A

Sales Fees

JHYMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

JHYMX 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.

JHYMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 41.00% 5.10% 125.00% 75.65%

Distributions

JHYMX - Distributions

Dividend Yield Analysis

JHYMX Category Low Category High JHYMX % Rank
Dividend Yield 0.05% 0.00% 0.80% 35.53%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

JHYMX Category Low Category High JHYMX % Rank
Net Income Ratio 4.23% 1.99% 5.67% 22.40%

Capital Gain Distribution Analysis

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

Dividend Payout History

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Fund Manager Analysis

JHYMX - Fund Manager Analysis

Managers

Dennis DiCicco


Start Date

Tenure

Tenure Rank

Jul 12, 2018

1.8

1.8%

Jeffrey Given


Start Date

Tenure

Tenure Rank

Jul 12, 2018

1.8

1.8%

Jeffrey N. Given, CFA, is a senior managing director and senior portfolio manager on the core, core plus, and securitized asset teams at Manulife Investment Management. He is responsible for securitized, core and core plus fixed income and government bond strategies. Prior to joining the portfolio management team, Jeff was focused on research and trading in mortgage-backed securities within the Manulife fixed income teams. Education:  Boston University, BS in Business Administration; Boston College, MS in Finance Joined Company:  1993 Began Career:  1993

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.35 6.95 0.44