John Hancock California Municipal Bond Fund Class I (JCAFX)
| Fund Assets | 540.57M |
| Expense Ratio | 0.59% |
| Min. Investment | $250,000 |
| Turnover | 42.00% |
| Dividend (ttm) | 0.39 |
| Dividend Yield | 4.02% |
| Dividend Growth | 8.97% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Apr 30, 2026 |
| Previous Close | 9.75 |
| YTD Return | -0.21% |
| 1-Year Return | 5.18% |
| 5-Year Return | 2.94% |
| 52-Week Low | 9.31 |
| 52-Week High | 10.02 |
| Beta (5Y) | n/a |
| Holdings | 418 |
| 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.
Performance
JCAFX had a total return of 5.18% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.07%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| VCLAX | Vanguard | Vanguard California Long-Term Tax-Exempt Fund Admiral Shares | 0.09% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Apr 30, 2026 | $0.03292 | Apr 30, 2026 |
| Mar 31, 2026 | $0.03263 | Mar 31, 2026 |
| Feb 27, 2026 | $0.03313 | Feb 27, 2026 |
| Jan 30, 2026 | $0.03301 | Jan 30, 2026 |
| Dec 31, 2025 | $0.03291 | Dec 31, 2025 |
| Nov 28, 2025 | $0.03277 | Nov 28, 2025 |