John Hancock Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio (JMADX)

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John Hancock Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio (JMADX) is up 1.7% since the beginning of the year. JMADX is currently trading at $8 per share. Investors who bought $1,000 worth of JMADX shares 5 years ago would now be looking at an investment worth $1,136.

John Hancock Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio (JMADX) has returned 1.65% so far this year and 7.44% over the past 12 months.

Based on dividend-adjusted daily data since Jul 8, 2019, JMADX's average daily return is +0.01%, while the average monthly return is +0.28%. At this rate, an investment would double in approximately 20.7 years.

Historically, 64% of months were positive and 36% were negative. The best month was Jul 2022 with a return of +5.3%, while the worst month was Mar 2020 at -14.3%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.

On a daily basis, JMADX closed higher 41% of trading days. The best single day was Mar 26, 2020 with a return of +4.2%, while the worst single day was Mar 18, 2020 at -4.6%.

John Hancock Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio has an annualized alpha of 0.27%, beta of 0.18, and R2 of 0.31 versus S&P 500 Index. Calculated based on daily prices since July 09, 2019.

• This fund participated in 52.12% of S&P 500 Index downside but only 30.06% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.18 may look defensive, but with R2 of 0.31 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 0.31 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.

JMADX has an expense ratio of 0.00%, meaning no management fees are charged.

JMADX ranks 57 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 Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio (JMADX) and compare them to S&P 500 Index.

John Hancock Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio provided a 6.98% dividend yield over the last twelve months, with an annual payout of $0.59 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for John Hancock Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio. 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 Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio. 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 Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio was 24.75%, occurring on Mar 23, 2020. Recovery took 161 trading sessions.

The current John Hancock Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio drawdown is 0.12%.

The chart below shows the rolling one-month volatility.