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) | 0.32 |
| Dividend Yield | 4.70% |
| Dividend Growth | 11.16% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Oct 31, 2025 |
| Previous Close | 6.84 |
| YTD Return | -1.92% |
| 1-Year Return | -2.12% |
| 5-Year Return | 2.18% |
| 52-Week Low | 6.55 |
| 52-Week High | 7.21 |
| Beta (5Y) | n/a |
| Holdings | 358 |
| 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 -2.12% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.73%.
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 | $0.03014 | Oct 31, 2025 |
| 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 |