John Hancock California Municipal Bond Fund (TACAX)
The fund invests at least 80% of its net assets, plus amounts borrowed for investment purposes, in securities of any maturity exempt from federal and California personal income taxes. It may buy bonds of any maturity. The fund may engage in derivative transactions.
Fund Info
US41014R1086
41014R108
Dec 28, 1989
$1,000
Expense Ratio
TACAX has an expense ratio of 0.81%, 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 California Municipal Bond Fund (TACAX) returned -3.43% year-to-date (YTD) and -1.15% over the past 12 months. Over the past 10 years, TACAX returned 2.00% annually, underperforming the S&P 500 benchmark at 10.78%.
TACAX
-3.43%
1.16%
-3.46%
-1.15%
1.22%
2.00%
^GSPC (Benchmark)
0.19%
9.00%
-1.55%
12.31%
15.59%
10.78%
Monthly Returns
The table below presents the monthly returns of TACAX, 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 | -0.11% | 1.30% | -2.58% | -1.32% | -0.73% | -3.43% | |||||||
| 2024 | -0.12% | 0.19% | -0.01% | -1.22% | 0.08% | 2.01% | 0.98% | 0.67% | 1.36% | -1.58% | 1.88% | -1.58% | 2.62% |
| 2023 | 3.69% | -2.93% | 2.55% | -0.23% | -0.84% | 1.20% | 0.38% | -1.45% | -3.65% | -2.50% | 9.18% | 3.24% | 8.23% |
| 2022 | -2.25% | -0.60% | -2.50% | -2.39% | 1.42% | -2.58% | 3.20% | -2.81% | -4.63% | -1.32% | 6.15% | -0.55% | -8.97% |
| 2021 | 0.76% | -1.57% | 0.69% | 1.13% | 0.49% | 0.58% | 0.75% | -0.42% | -0.96% | -0.06% | 0.97% | -0.41% | 1.93% |
| 2020 | 1.63% | 1.61% | -5.72% | -2.00% | 3.45% | 1.38% | 1.63% | -0.31% | -0.05% | -0.14% | 1.81% | 0.68% | 3.71% |
| 2019 | 0.57% | 0.48% | 1.59% | 0.46% | 1.58% | 0.36% | 0.72% | 1.72% | -0.55% | 0.07% | 0.08% | -0.56% | 6.69% |
| 2018 | -1.01% | -0.55% | 0.27% | -0.37% | 1.32% | 0.00% | 0.19% | 0.09% | -0.65% | -0.57% | 0.78% | 0.86% | 0.34% |
| 2017 | 0.49% | 0.59% | 0.21% | 0.67% | 1.79% | -0.07% | 0.66% | 0.66% | -0.45% | 0.47% | -0.08% | 1.02% | 6.10% |
| 2016 | 0.84% | 0.13% | 0.75% | 0.93% | 0.47% | 2.16% | -0.16% | 0.19% | -0.69% | -1.40% | -4.41% | 1.35% | 0.01% |
| 2015 | 1.93% | -1.20% | 0.31% | -0.86% | -0.32% | -0.51% | 0.78% | 0.31% | 0.58% | 0.49% | 0.67% | 1.04% | 3.21% |
| 2014 | 1.92% | 1.40% | 0.45% | 1.49% | 1.72% | 0.25% | -0.03% | 1.44% | 0.33% | 0.87% | 0.15% | 0.67% | 11.18% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TACAX is 10, meaning it’s performing worse than 90% of other mutual funds on our website when it comes to balancing risk and reward. Below is 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 California Municipal Bond Fund (TACAX) 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 California Municipal Bond Fund provided a 3.58% dividend yield over the last twelve months, with an annual payout of $0.34 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.34 | $0.34 | $0.33 | $0.30 | $0.29 | $0.32 | $0.35 | $0.36 | $0.38 | $0.39 | $0.41 | $0.44 |
Dividend yield | 3.58% | 3.38% | 3.21% | 3.13% | 2.65% | 2.86% | 3.21% | 3.42% | 3.48% | 3.66% | 3.68% | 4.00% |
Monthly Dividends
The table displays the monthly dividend distributions for John Hancock California 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 | $0.12 | |||||||
| 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 | $0.34 |
| 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 | $0.33 |
| 2022 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.30 |
| 2021 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.29 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.32 |
| 2019 | $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 |
| 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 | $0.36 |
| 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 | $0.38 |
| 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 | $0.39 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.41 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.44 |
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 California 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 California Municipal Bond Fund was 15.85%, occurring on Dec 15, 2008. Recovery took 184 trading sessions.
The current John Hancock California Municipal Bond Fund drawdown is 5.43%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.85% | Jan 24, 2008 | 227 | Dec 15, 2008 | 184 | Sep 9, 2009 | 411 |
| -15.15% | Aug 6, 2021 | 308 | Oct 25, 2022 | 444 | Aug 2, 2024 | 752 |
| -15.1% | Oct 18, 1993 | 287 | Nov 22, 1994 | 135 | May 30, 1995 | 422 |
| -12.19% | Mar 3, 2020 | 14 | Mar 20, 2020 | 182 | Dec 8, 2020 | 196 |
| -8.68% | Dec 9, 2024 | 83 | Apr 9, 2025 | — | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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