John Hancock High Yield Fund (JHHBX)

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John Hancock High Yield Fund (JHHBX) is up 1.5% since the beginning of the year. JHHBX is currently trading at $3 per share. Investors who bought $1,000 worth of JHHBX shares 5 years ago would now be looking at an investment worth $1,131.

John Hancock High Yield Fund (JHHBX) has returned 1.50% so far this year and 6.03% over the past 12 months. Over the last ten years, JHHBX has returned 4.44% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jun 30, 1993, JHHBX's average daily return is +0.03%, while the average monthly return is +0.55%. At this rate, an investment would double in approximately 10.5 years.

Historically, 67% of months were positive and 33% were negative. The best month was Sep 2009 with a return of +12.3%, while the worst month was Oct 2008 at -16.4%. The longest winning streak lasted 26 consecutive months, and the longest losing streak was 11 months.

On a daily basis, JHHBX closed higher 34% of trading days. The best single day was Oct 31, 2008 with a return of +4.3%, while the worst single day was Nov 19, 2008 at -5.1%.

John Hancock High Yield Fund has an annualized alpha of 4.44%, beta of 0.20, and R2 of 0.24 versus S&P 500 Index. Calculated based on daily prices since June 30, 1993.

• This fund participated in 47.43% of S&P 500 Index downside but only 47.34% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.20 may look defensive, but with R2 of 0.24 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 0.24 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.

JHHBX has an expense ratio of 0.90%, placing it in the medium range.

JHHBX ranks 52 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.

John Hancock High Yield Fund provided a 6.56% dividend yield over the last twelve months, with an annual payout of $0.20 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for John Hancock High Yield 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 High Yield 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 High Yield Fund was 58.87%, occurring on Mar 9, 2009. Recovery took 421 trading sessions.

The current John Hancock High Yield Fund drawdown is 0.33%.

The chart below shows the rolling one-month volatility.