John Hancock High Yield Municipal Bond Fund (JCTRX)
| Fund Assets | 365.13M |
| Expense Ratio | 0.52% |
| Min. Investment | $1,000,000 |
| Turnover | 34.00% |
| Dividend (ttm) | 0.35 |
| Dividend Yield | 5.12% |
| Dividend Growth | 10.48% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 30, 2025 |
| Previous Close | 6.78 |
| YTD Return | -2.35% |
| 1-Year Return | -3.01% |
| 5-Year Return | 2.33% |
| 52-Week Low | 6.55 |
| 52-Week High | 7.21 |
| Beta (5Y) | n/a |
| Holdings | 387 |
| Inception Date | Aug 30, 2017 |
About JCTRX
John Hancock High Yield Municipal Bond Fund Class R6 is a mutual fund that primarily invests in U.S. municipal bonds with below-investment-grade ratings, aiming to deliver a high level of current income that is largely exempt from federal income tax. The fund’s strategy centers on high-yield, or "junk,” municipal securities, targeting issuers such as healthcare facilities, special taxing districts, land development projects, and education-related entities like charter schools and universities. By focusing on this segment, the fund serves investors seeking enhanced income potential relative to traditional investment-grade municipal funds, albeit with higher credit risk. The fund typically holds a diversified portfolio with hundreds of bond positions, distributing income monthly to shareholders. It also seeks to preserve capital while tapping into segments of the municipal market offering higher yields due to greater risk. Managed by John Hancock Investment Management, this fund appeals to institutional and high-net-worth investors, given its substantial minimum investment requirement and R6 share class structure. It plays an important role in portfolios needing tax-advantaged income with exposure to a diverse set of U.S. municipal obligors in infrastructure, public health, and education sectors.
Performance
JCTRX had a total return of -3.01% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.69%.
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 | $0.03058 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03033 | Aug 29, 2025 |
| Jul 31, 2025 | $0.0301 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02977 | Jun 30, 2025 |
| May 30, 2025 | $0.02966 | May 30, 2025 |
| Apr 30, 2025 | $0.02841 | Apr 30, 2025 |