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) | 0.28 |
| Dividend Yield | 4.13% |
| Dividend Growth | 11.17% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 30, 2025 |
| Previous Close | 6.76 |
| YTD Return | -2.03% |
| 1-Year Return | -2.78% |
| 5-Year Return | -0.01% |
| 52-Week Low | 6.53 |
| 52-Week High | 7.20 |
| Beta (5Y) | 0.39 |
| Holdings | 387 |
| 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 -2.78% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.75%.
Top 10 Holdings
10.65% of assets| Name | Symbol | Weight |
|---|---|---|
| BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% | OH.BUCGEN 5 06.01.2055 | 2.17% |
| TENDER OPT BD TR RCPTS / CTFS VAR STS 17.85% | NY.TENGEN 02.01.2053 | 1.25% |
| PUBLIC FIN AUTH WIS TOLL REV 6.5% | WI.PUBTRN 6.5 12.31.2065 | 1.18% |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 9.5% | CA.CASDEV 01.01.2065 | 1.13% |
| METROPOLITAN WASH D C ARPTS AUTH DULLES TOLL RD REV 6.5% | DC.METAPT 6.5 10.01.2041 | 0.88% |
| NEW JERSEY ECONOMIC DEV AUTH DOCK & WHARF FAC REV 6.625% | NJ.NJSDEV 6.62 01.01.2045 | 0.86% |
| ALACHUA CNTY FLA HEALTH FACS AUTH CONTINUING CARE RETIREMENT CMNTY REV 5.75 | FL.ALAMED 5.75 10.01.2053 | 0.85% |
| HIGHER EDL FACS FING AUTH FLA HIGHER EDL FACS REV 6% | FL.FLSHGR 6 07.01.2045 | 0.79% |
| MOBILE CNTY ALA INDL DEV AUTH SOLID WASTE DISP REV 5% | AL.MOBPOL 5 06.01.2054 | 0.77% |
| MASSACHUSETTS DEV FIN AGY SR LIVING REV 6.5% | MA.MASFAC 6.5 07.15.2060 | 0.77% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Apr 30, 2025 | $0.02291 | Apr 30, 2025 |