JHancock Municipal Opportunities Fund (TAMBX)
The investment seeks as high a level of interest income exempt from federal income tax as is consistent with preservation of capital. The fund invests at least 80% of its net assets, plus amounts borrowed for investment purposes, in tax-exempt bonds of any maturity. It may invest up to 35% of its net assets in junk bonds rated BB or B by S&P or Fitch or Ba or B by Moody's or their unrated equivalents. The fund may buy bonds of any maturity. It may invest heavily in bonds from any given state or region, and currently has substantial investments in obligations of certain states and their agencies, instrumentalities, and/or political subdivisions.
Fund Info
US41013Y1047
41013Y104
Jan 4, 1990
$1,000
Expense Ratio
TAMBX features an expense ratio of 0.80%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in JHancock Municipal Opportunities 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
JHancock Municipal Opportunities Fund had a return of 0.40% year-to-date (YTD) and 3.22% in the last 12 months. Over the past 10 years, JHancock Municipal Opportunities Fund had an annualized return of 2.12%, while the S&P 500 had an annualized return of 11.31%, indicating that JHancock Municipal Opportunities Fund did not perform as well as the benchmark.
TAMBX
0.40%
0.85%
0.60%
3.22%
0.74%
2.12%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of TAMBX, 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 | 0.40% | 0.40% | |||||||||||
| 2024 | -0.05% | 0.28% | 0.17% | -0.94% | -0.17% | 1.64% | 0.84% | 0.84% | 1.16% | -1.47% | 1.62% | -1.37% | 2.52% |
| 2023 | 3.09% | -2.49% | 1.97% | 0.05% | -0.74% | 1.06% | 0.27% | -1.19% | -2.89% | -1.46% | 6.27% | 2.53% | 6.28% |
| 2022 | -2.38% | -0.68% | -2.85% | -2.86% | 0.88% | -2.23% | 2.59% | -2.06% | -3.77% | -1.14% | 4.75% | -0.08% | -9.71% |
| 2021 | 1.11% | -1.15% | 0.76% | 1.05% | 0.63% | 0.43% | 0.53% | -0.25% | -0.75% | -0.17% | 0.83% | 0.22% | 3.27% |
| 2020 | 1.85% | 1.63% | -6.13% | -2.26% | 2.62% | 2.14% | 1.69% | 0.04% | -0.16% | 0.13% | 1.66% | 1.13% | 4.07% |
| 2019 | 0.61% | 0.61% | 1.85% | 0.39% | 1.51% | 0.38% | 0.77% | 1.98% | -0.74% | -0.06% | 0.13% | 0.23% | 7.93% |
| 2018 | -0.91% | -0.41% | 0.41% | -0.41% | 1.04% | -0.01% | 0.20% | 0.10% | -0.64% | -0.85% | 0.74% | 0.93% | 0.14% |
| 2017 | 0.42% | 0.73% | 0.21% | 0.62% | 1.44% | -0.10% | 0.61% | 0.82% | -0.30% | 0.31% | -0.30% | 0.92% | 5.48% |
| 2016 | 0.92% | -0.08% | 0.61% | 0.70% | 0.49% | 1.78% | -0.10% | 0.20% | -0.68% | -1.09% | -4.08% | 1.04% | -0.42% |
| 2015 | 2.09% | -1.32% | 0.23% | -0.85% | -0.07% | -0.58% | 0.62% | 0.22% | 0.63% | 0.42% | 0.42% | 0.82% | 2.63% |
| 2014 | 2.25% | 1.49% | 0.36% | 1.26% | 1.75% | -0.05% | 0.04% | 1.84% | 0.14% | 0.73% | 0.14% | 0.83% | 11.30% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TAMBX is 46, 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 JHancock Municipal Opportunities Fund (TAMBX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
JHancock Municipal Opportunities Fund provided a 3.40% 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 | $0.29 | $0.27 | $0.28 | $0.28 | $0.31 | $0.35 | $0.36 | $0.37 | $0.39 | $0.41 |
Dividend yield | 3.40% | 3.39% | 3.20% | 3.00% | 2.82% | 2.82% | 3.16% | 3.69% | 3.67% | 3.78% | 3.87% | 4.04% |
Monthly Dividends
The table displays the monthly dividend distributions for JHancock Municipal Opportunities 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 | $0.00 | $0.03 | ||||||||||
| 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 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.29 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2021 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
| 2020 | $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 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.31 |
| 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 | $0.36 |
| 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 | $0.37 |
| 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 | $0.39 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.41 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the JHancock Municipal Opportunities 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 JHancock Municipal Opportunities Fund was 17.16%, occurring on Nov 21, 1994. Recovery took 234 trading sessions.
The current JHancock Municipal Opportunities Fund drawdown is 1.40%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.16% | Oct 18, 1993 | 286 | Nov 21, 1994 | 234 | Oct 13, 1995 | 520 |
| -14.28% | Aug 10, 2021 | 306 | Oct 25, 2022 | 532 | Dec 6, 2024 | 838 |
| -13.11% | Mar 2, 2020 | 15 | Mar 20, 2020 | 184 | Dec 10, 2020 | 199 |
| -11.39% | Jan 24, 2008 | 185 | Oct 16, 2008 | 205 | Aug 11, 2009 | 390 |
| -9.37% | Dec 3, 2012 | 191 | Sep 5, 2013 | 229 | Aug 4, 2014 | 420 |
Volatility
Volatility Chart
The current JHancock Municipal Opportunities Fund volatility is 1.04%, 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.