John Hancock California Municipal Bond Fund Class I (JCAFX)

Fund Assets	508.24M
Expense Ratio	0.593%
Min. Investment	$250,000
Turnover	41.00%
Dividend (ttm)	0.40
Dividend Yield	4.29%
Dividend Growth	5.82%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	9.13
YTD Return	-3.49%
1-Year Return	-2.43%
5-Year Return	-0.93%
52-Week Low	8.99
52-Week High	10.02
Beta (5Y)	0.07
Holdings	434
Inception Date	Feb 13, 2017

About JCAFX

John Hancock California Municipal Bond Fund Class I is an open-end mutual fund focused on delivering high current income that is exempt from both federal and California state personal income taxes. This fund invests at least 80% of its assets in a diversified portfolio of municipal bonds issued by California state and local governments or their agencies, with the primary aim of supporting tax planning strategies for investors seeking tax-efficient income. The fund favors a research-driven approach, targeting bonds considered undervalued based on creditworthiness and structure, across a broad range of maturities. Managed by a team with deep expertise in municipal securities since 1995, the fund emphasizes income preservation and credit quality, while maintaining sensitivity to interest rate movements. It primarily impacts sectors tied to public infrastructure, education, and essential services in California, such as school district and special tax bonds. With an institutional share class and a focus on large-scale investors, the fund plays a significant role in the California tax-free fixed income market, offering portfolio diversification and serving as a tax-advantaged income source for qualified investors.

• Fund Family: John Hancock
• Category: Muni California Long
• Performance Rating: High
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: JCAFX
• Share Class: Class I
• Index: Bloomberg California TaxExempt Muni Bd TR

Performance

JCAFX had a total return of -2.43% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.63%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
VCLAX	Vanguard	Vanguard CA Long-Term Tax-Exempt Adm	0.09%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
JCSRX	Class R6	0.52%
TACAX	Class A	0.75%
TCCAX	Class C	1.50%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03345	Sep 30, 2026
Aug 31, 2026	$0.03319	Aug 31, 2026
Jul 31, 2026	$0.03327	Jul 31, 2026
Jun 30, 2026	$0.03306	Jun 30, 2026
May 29, 2026	$0.03315	May 29, 2026
Apr 30, 2026	$0.03292	Apr 30, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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