John Hancock High Yield Municipal Bond Fund (JCTFX)
| Fund Assets | 365.13M |
| Expense Ratio | 1.49% |
| Min. Investment | $1,000 |
| Turnover | 34.00% |
| Dividend (ttm) | 0.26 |
| Dividend Yield | 3.80% |
| Dividend Growth | 12.61% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Oct 31, 2025 |
| Previous Close | 6.83 |
| YTD Return | -1.46% |
| 1-Year Return | -1.67% |
| 5-Year Return | -0.06% |
| 52-Week Low | 6.53 |
| 52-Week High | 7.20 |
| Beta (5Y) | 0.41 |
| Holdings | 358 |
| Inception Date | Apr 1, 1999 |
About JCTFX
John Hancock High Yield Municipal Bond Fund Class C is a fixed income mutual fund focused on generating a high level of current income, with the majority of distributions designed to be exempt from federal income tax. This fund primarily invests in below-investment-grade municipal securities—commonly known as "high-yield" or "junk" bonds—that are rated A or below by major credit agencies, or are unrated but deemed of similar quality. The portfolio is diversified across municipalities and sectors, notably including healthcare, special tax projects, and education. The fund may utilize derivatives and tender option bond transactions to manage risk and enhance returns, and employs a flexible approach to maturity, investing in bonds of any length. Its income is distributed monthly, appealing to investors seeking regular tax-advantaged income. With over 370 holdings and a long tenure since its 1999 inception, the fund serves as a specialized vehicle within the municipal bond market, offering exposure to higher-yielding segments with a heightened risk profile compared to investment-grade municipal bonds. Its role is to provide diversified high-yield municipal bond exposure, helping investors pursue income while navigating the unique risks of the high-yield muni sector.
Performance
JCTFX had a total return of -1.67% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.77%.
Top 10 Holdings
10.51% of assets| Name | Symbol | Weight |
|---|---|---|
| Buckeye Tobacco Settlement Financing Authority - BUCKEYE TOBACCO SETTLEMENT FIN BUCGEN 06/55 FIXED 5 | BUCGEN | 2.22% |
| PUBLIC FINANCE AUTHORITY PUBTRN 12/65 FIXED 6.5 | PUBTRN | 1.22% |
| California Infrastructure and Economic Development Bank - CALIFORNIA INFRASTRUCTURE and EC CASDEV 01/65 ADJUST OID VAR | CASDEV | 1.20% |
| METROPOLITAN WASHINGTON AIRPOR METAPT 10/41 INT APROID VAR | METAPT | 0.91% |
| New Jersey Economic Development Authority - NEW JERSEY ECONOMIC DEVELOPMEN NJSDEV 01/45 FIXED OID 6.625 | NJSDEV | 0.89% |
| Alachua County Health Facilities Authority - ALACHUA COUNTY HEALTH FACILITI ALAMED 10/53 FIXED 5.75 | ALAMED | 0.88% |
| PUBLIC FINANCE AUTHORITY PUBGEN 12/42 ZEROCPNOID 0 | PUBGEN | 0.80% |
| FLORIDA HIGHER EDUCATIONAL FAC FLSHGR 07/45 FIXED OID 6 | FLSHGR | 0.80% |
| Massachusetts Development Finance Agency - MASSACHUSETTS DEVELOPMENT FINA MASFAC 07/60 FIXED OID 6.5 | MASFAC | 0.80% |
| MOBILE COUNTY INDUSTRIAL DEVEL MOBPOL 06/54 FIXED 5 | MOBPOL | 0.79% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Oct 31, 2025 | $0.0244 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02512 | Sep 30, 2025 |
| Aug 29, 2025 | $0.02481 | Aug 29, 2025 |
| Jul 31, 2025 | $0.02456 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02432 | Jun 30, 2025 |
| May 30, 2025 | $0.02397 | May 30, 2025 |