JHancock CA Municipal Bond A (TACAX)
| Fund Assets | 509.22M |
| Expense Ratio | 0.74% |
| Min. Investment | $1,000 |
| Turnover | 42.00% |
| Dividend (ttm) | 0.36 |
| Dividend Yield | 3.48% |
| Dividend Growth | 4.92% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 9.77 |
| YTD Return | -1.73% |
| 1-Year Return | -2.40% |
| 5-Year Return | 2.66% |
| 52-Week Low | 9.27 |
| 52-Week High | 10.30 |
| Beta (5Y) | n/a |
| Holdings | 422 |
| Inception Date | Dec 29, 1989 |
About TACAX
John Hancock California Municipal Bond Fund Class A is an open-end mutual fund specializing in the municipal fixed-income sector. Its primary objective is to deliver high current income that is exempt from both federal and California state personal income taxes, making it particularly appealing to California residents seeking efficient tax planning solutions. The fund invests primarily in a diversified portfolio of California municipal securities, targeting long-duration bonds—a strategy reflected in its multi-year effective duration and its Morningstar category, "Muni California Long". Managed by an experienced team since its inception in 1989, the fund employs in-depth credit analysis to identify undervalued opportunities within the municipal bond market, emphasizing both capital preservation and income generation. Its holdings encompass a broad spectrum of sectors, including education, utilities, transportation, and local government finance, supporting essential public projects throughout California. John Hancock California Municipal Bond Fund Class A serves as a specialized vehicle for investors focusing on tax-exempt income and regional municipal finance, and it plays a distinctive role in supporting California’s public infrastructure and long-term fiscal health.
Performance
TACAX had a total return of -2.40% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.64%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| VCITX | Vanguard | Vanguard California Long Term Tax Exempt Fund | 0.14% |
Top 10 Holdings
10.97% of assets| Name | Symbol | Weight |
|---|---|---|
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5% | CA.CCEDEV 01.01.2055 | 1.43% |
| UNIVERSITY CALIF REVS 5% | CA.UNVHGR 5 05.15.2041 | 1.33% |
| SAN FRANCISCO CALIF BAY AREA RAPID TRAN DIST 4.25% | CA.SFOTRN 4.25 08.01.2052 | 1.26% |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 9.5% | CA.CASDEV 01.01.2065 | 1.12% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5% | CA.CCEDEV 02.01.2055 | 1.02% |
| LOS ANGELES CALIF DEPT WTR & PWR WTRWKS REV 4% | CA.LOSUTL 4 07.01.2030 | 0.99% |
| CALIFORNIA HEALTH FACS FING AUTH REV 5.25% | CA.CASMED 5.25 12.01.2049 | 0.99% |
| GARDEN GROVE CALIF PUB FING AUTH LEASE REV 5% | CA.GARGEN 5 04.01.2049 | 0.96% |
| SAN DIEGO CNTY CALIF REGL ARPT AUTH ARPT REV 5% | CA.SDGAPT 5 07.01.2053 | 0.94% |
| SAN FRANCISCO CALIF CITY & CNTY PUB UTILS COMMN WTR REV 4% | CA.SFOWTR 4 11.01.2050 | 0.93% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.0313 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03115 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03079 | Jun 30, 2025 |
| May 30, 2025 | $0.03068 | May 30, 2025 |
| Apr 30, 2025 | $0.03009 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02938 | Mar 31, 2025 |