John Hancock Funds Floating Rate Income Fund (JFIIX)

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John Hancock Funds Floating Rate Income Fund (JFIIX) is up 0.6% since the beginning of the year. JFIIX is currently trading at $7 per share. Investors who bought $1,000 worth of JFIIX shares 5 years ago would now be looking at an investment worth $1,230.

John Hancock Funds Floating Rate Income Fund (JFIIX) has returned 0.62% so far this year and 3.52% over the past 12 months.

Based on dividend-adjusted daily data since Dec 31, 2007, JFIIX's average daily return is +0.02%, while the average monthly return is +0.37%. At this rate, an investment would double in approximately 15.6 years.

Historically, 71% of months were positive and 29% were negative. The best month was Jan 2009 with a return of +7.6%, while the worst month was Oct 2008 at -14.6%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 9 months.

On a daily basis, JFIIX closed higher 28% of trading days. The best single day was Mar 26, 2020 with a return of +2.9%, while the worst single day was Oct 14, 2008 at -3.6%.

John Hancock Funds Floating Rate Income Fund has an annualized alpha of 2.36%, beta of 0.05, and R2 of 0.06 versus S&P 500 Index. Calculated based on daily prices since January 02, 2008.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (10.11%) than losses (0.97%) - typical of diversified or defensive assets.
• Beta of 0.05 may look defensive, but with R2 of 0.06 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.06 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

JFIIX has an expense ratio of 0.78%, placing it in the medium range.

JFIIX ranks 49 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for John Hancock Funds Floating Rate Income Fund (JFIIX) and compare them to S&P 500 Index.

John Hancock Funds Floating Rate Income Fund provided a 6.64% dividend yield over the last twelve months, with an annual payout of $0.49 per share.

The table displays the monthly dividend distributions for John Hancock Funds Floating Rate Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the John Hancock Funds Floating Rate Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the John Hancock Funds Floating Rate Income Fund was 29.82%, occurring on Dec 17, 2008. Recovery took 187 trading sessions.

The current John Hancock Funds Floating Rate Income Fund drawdown is 0.14%.

The chart below shows the rolling one-month volatility.