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.
Fund Family John Hancock
Category High Yield Muni
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol JCTRX
Share Class Class R6
Index Bloomberg Municipal Bond High Yield TR
JCTRX had a total return of 7.90% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.43%.
