About TCCAX
John Hancock California Municipal Bond Fund Class C is an actively managed mutual fund focused on providing investors with a high level of current income that is exempt from both federal and California state personal income taxes. The fund primarily invests, under normal conditions, at least 80% of its net assets in municipal securities issued by California state and local governments or their agencies, authorities, and instrumentalities, covering a range of maturities. This makes it particularly attractive for California residents seeking tax-efficient income.
With over $200 million in assets, the fund is designed to appeal to investors interested in the municipal bond sector, offering monthly income distributions and reflecting changes in interest rate environments and sector dynamics. Notable features include broad diversification across more than 400 holdings and a focus on quality issuers, including general obligation bonds, high-yield municipal securities, and special tax bonds supporting infrastructure projects. Its performance is shaped by movements in municipal bond yields, local economic factors, and credit quality trends within California. Launched in 1999, the fund has established itself as a consistent tool for state-specific tax-advantaged investing, addressing income and capital preservation objectives for long-term investors.
Fund Family John Hancock
Category Muni California Long
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol TCCAX
Share Class Class C
Index Bloomberg California TaxExempt Muni Bd TR
TCCAX had a total return of 3.44% in the past year, including dividends. Since the fund's
inception, the average annual return has been 6.35%.
