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
| ISIN | US41013Y3027 |
|---|---|
| CUSIP | 41013Y302 |
| Issuer | John Hancock |
| Inception Date | Dec 30, 1993 |
| Category | High Yield Muni |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
JHTFX has a high expense ratio of 0.85%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in John Hancock High Yield Municipal Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
John Hancock High Yield Municipal Bond Fund had a return of 2.53% year-to-date (YTD) and 6.98% in the last 12 months. Over the past 10 years, John Hancock High Yield Municipal Bond Fund had an annualized return of 2.71%, while the S&P 500 had an annualized return of 10.84%, indicating that John Hancock High Yield Municipal Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.53% | 10.00% |
| 1 month | 1.25% | 2.41% |
| 6 months | 10.07% | 16.70% |
| 1 year | 6.98% | 26.85% |
| 5 years (annualized) | 1.09% | 12.81% |
| 10 years (annualized) | 2.71% | 10.84% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.52% | 0.96% | 0.80% | -1.23% | 2.53% | ||||||||
| 2023 | 4.60% | -3.40% | 1.58% | 0.52% | -0.67% | 1.58% | 0.37% | -1.41% | -3.54% | -2.90% | 8.06% | 3.71% | 8.13% |
| 2022 | -2.67% | -0.97% | -4.15% | -4.35% | 1.01% | -3.95% | 4.52% | -2.87% | -6.83% | -2.40% | 6.11% | -0.24% | -16.21% |
| 2021 | 1.76% | -0.95% | 0.64% | 1.38% | 1.12% | 1.11% | 0.97% | -0.47% | -0.96% | -0.36% | 1.35% | 0.28% | 5.97% |
| 2020 | 1.95% | 2.05% | -9.96% | -4.09% | 3.62% | 4.60% | 2.70% | 0.18% | 0.05% | 0.04% | 2.48% | 1.79% | 4.63% |
| 2019 | 0.60% | 0.73% | 2.01% | 0.47% | 1.72% | 0.47% | 0.41% | 1.52% | -0.69% | -0.21% | 0.04% | 0.23% | 7.52% |
| 2018 | -0.62% | -0.37% | 0.38% | 0.00% | 0.89% | 0.11% | 0.23% | 0.10% | -0.41% | -0.92% | 0.49% | 0.74% | 0.62% |
| 2017 | 0.28% | 0.92% | 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% | 0.02% | 1.13% | 1.00% | 0.75% | 1.69% | 0.13% | 0.38% | -0.33% | -1.05% | -4.10% | 0.80% | 1.29% |
| 2015 | 2.07% | -1.16% | 0.27% | -0.56% | -0.21% | -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% |
| 2013 | 0.91% | 0.33% | -0.34% | 1.05% | -0.57% | -4.51% | -1.94% | -3.09% | 1.97% | 0.93% | -0.34% | -0.73% | -6.33% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of JHTFX is 38, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
JHTFX (John Hancock High Yield Municipal Bond Fund)
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.
Dividends
Dividend History
John Hancock High Yield Municipal Bond Fund granted a 4.38% dividend yield in the last twelve months. The annual payout for that period amounted to $0.30 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.30 | $0.30 | $0.28 | $0.31 | $0.30 | $0.34 | $0.35 | $0.37 | $0.38 | $0.38 | $0.38 | $0.37 |
Dividend yield | 4.38% | 4.40% | 4.19% | 3.71% | 3.74% | 4.20% | 4.46% | 4.54% | 4.84% | 4.65% | 4.62% | 4.83% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.10 | |||||||
| 2023 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $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 | $0.02 | $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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.34 |
| 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 |
| 2013 | $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 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 21.88%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current John Hancock High Yield Municipal Bond Fund drawdown is 7.38%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.88% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -19.08% | May 14, 2007 | 401 | Dec 15, 2008 | 185 | Sep 10, 2009 | 586 |
| -18.14% | Mar 2, 2020 | 15 | Mar 20, 2020 | 188 | Dec 16, 2020 | 203 |
| -10.68% | 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 current John Hancock High Yield Municipal Bond Fund volatility is 0.98%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.