John Hancock High Yield Municipal Bond Fund (JHTFX)
The investment seeks a high level of current income that is largely exempt from federal income tax, consistent with the preservation of capital. 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.
Fund Info
US41013Y3027
41013Y302
Dec 30, 1993
$1,000
Expense Ratio
JHTFX has an expense ratio of 0.85%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
John Hancock High Yield Municipal Bond Fund (JHTFX) returned -2.33% year-to-date (YTD) and 3.34% over the past 12 months. Over the past 10 years, JHTFX returned 2.51% annually, underperforming the S&P 500 benchmark at 10.85%.
JHTFX
-2.33%
0.40%
-3.53%
3.34%
2.15%
2.42%
2.51%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of JHTFX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.53% | 1.53% | -2.26% | -2.19% | -0.88% | -2.33% | |||||||
| 2024 | 0.53% | 0.96% | 0.80% | -1.23% | 0.66% | 2.71% | 1.22% | 1.07% | 1.76% | -1.58% | 1.79% | -1.87% | 6.92% |
| 2023 | 4.61% | -3.40% | 1.58% | 0.52% | -0.67% | 1.58% | 0.37% | -1.41% | -3.55% | -2.91% | 8.05% | 3.70% | 8.12% |
| 2022 | -2.66% | -0.96% | -4.15% | -4.34% | 1.00% | -3.95% | 4.53% | -2.87% | -6.83% | -2.41% | 6.11% | -0.24% | -16.21% |
| 2021 | 1.77% | -0.95% | 0.63% | 1.38% | 1.11% | 1.10% | 0.97% | -0.48% | -0.96% | -0.35% | 1.36% | 0.28% | 5.97% |
| 2020 | 1.95% | 2.06% | -9.95% | -4.08% | 3.63% | 4.61% | 2.70% | 0.18% | 0.05% | 0.04% | 2.49% | 1.79% | 4.66% |
| 2019 | 0.60% | 0.73% | 2.01% | 0.47% | 1.72% | 0.47% | 0.73% | 1.83% | -0.39% | 0.10% | 0.33% | 0.23% | 9.17% |
| 2018 | -0.62% | -0.37% | 0.38% | 0.00% | 0.89% | 0.12% | 0.23% | 0.10% | -0.40% | -0.92% | 0.49% | 0.74% | 0.62% |
| 2017 | 0.28% | 0.91% | 0.27% | 0.65% | 1.26% | -0.12% | 0.75% | 1.25% | 0.00% | 0.13% | 0.38% | 0.87% | 6.82% |
| 2016 | 0.99% | 0.03% | 1.13% | 1.00% | 0.75% | 1.70% | 0.13% | 0.38% | -0.33% | -1.05% | -4.10% | 0.80% | 1.29% |
| 2015 | 2.07% | -1.16% | 0.26% | -0.57% | -0.20% | -0.72% | 0.51% | 0.14% | 0.76% | 0.63% | 0.63% | 0.64% | 2.99% |
| 2014 | 1.98% | 1.95% | 0.40% | 1.14% | 2.00% | -0.10% | 0.15% | 1.63% | 0.39% | 1.00% | 0.51% | 0.87% | 12.57% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of JHTFX is 28, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for John Hancock High Yield Municipal Bond Fund (JHTFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
John Hancock High Yield Municipal Bond Fund provided a 4.65% dividend yield over the last twelve months, with an annual payout of $0.31 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.31 | $0.31 | $0.30 | $0.28 | $0.31 | $0.30 | $0.46 | $0.35 | $0.37 | $0.38 | $0.38 | $0.38 |
Dividend yield | 4.65% | 4.36% | 4.39% | 4.20% | 3.71% | 3.76% | 5.75% | 4.46% | 4.54% | 4.84% | 4.65% | 4.62% |
Monthly Dividends
The table displays the monthly dividend distributions for John Hancock High Yield Municipal Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.11 | |||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.30 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.28 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.07 | $0.31 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.30 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.16 | $0.46 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the John Hancock High Yield Municipal Bond 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 Municipal Bond Fund was 21.87%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current John Hancock High Yield Municipal Bond Fund drawdown is 5.66%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.87% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -19.08% | May 2, 2007 | 409 | Dec 15, 2008 | 185 | Sep 10, 2009 | 594 |
| -18.14% | Mar 2, 2020 | 15 | Mar 20, 2020 | 188 | Dec 16, 2020 | 203 |
| -10.69% | May 3, 2013 | 90 | Sep 10, 2013 | 245 | Aug 29, 2014 | 335 |
| -9.05% | Oct 15, 2010 | 65 | Jan 18, 2011 | 136 | Aug 2, 2011 | 201 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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