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John Hancock Dynamic Municipal Bond ETF
Active ETF
JHMU
Payout Change
Pending
Price as of:
$26.3047
+0.09
+0.34%
primary theme
Utilities Sector Equity
JHMU (ETF)
John Hancock Dynamic Municipal Bond ETF
Payout Change
Pending
Price as of:
$26.3047
+0.09
+0.34%
primary theme
Utilities Sector Equity
JHMU (ETF)
John Hancock Dynamic Municipal Bond ETF
Payout Change
Pending
Price as of:
$26.3047
+0.09
+0.34%
primary theme
Utilities Sector Equity
Name
As of 12/20/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
3.6%
1 yr return
3.8%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$24 M
Holdings in Top 10
22.9%
52 WEEK LOW AND HIGH
$26.2
$26.18
$27.13
Expenses
OPERATING FEES
Expense Ratio 1.57%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 17.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 12/20/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
JHMU - Profile
Distributions
- YTD Total Return 3.6%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.89%
- Dividend Yield 4.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameJohn Hancock Dynamic Municipal Bond ETF
-
Fund Family NameJohn Hancock Group of Funds
-
Inception DateNov 02, 2023
-
Shares Outstanding550000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJoel Schneider
Fund Description
The fund is an exchange-traded fund (ETF), which is a fund that trades like other publicly-traded securities. The fund is not an index fund. The fund is actively managed and does not seek to replicate the performance of a specified index.Under normal market conditions, the fund invests at least 80% of its net assets, plus amounts borrowed for investment purposes, in municipal bonds of any maturity. The fund primarily invests in bonds that are investment grade when purchased, but the fund may also invest up to 20% of its net assets in non-investment grade bonds rated BB or lower by S&P Global Ratings (S&P), Fitch Ratings (Fitch), or Moody’s Investors Service, Inc. (Moody’s), or comparable rating by any nationally recognized statistical ratings organization (NRSRO) or unrated equivalents (also called junk bonds). The fund may invest in other fixed income securities which include bonds, debt securities and other similar instruments. The fund’s investment policies are based on credit ratings at the time of purchase.The fund may invest in general obligation bonds, however, in general, the manager favors bonds backed by revenue from a specific public project or facility, such as a power plant (revenue bonds), as they tend to offer higher yields than general obligation bonds. The manager also favors bonds that have limitations on early payoff (call protection), which can help minimize the effect of falling interest rates on the fund’s yield. To the extent that the fund invests in bonds that are subject to the alternative minimum tax (AMT), the income paid by the fund may not be entirely tax-free to all investors. Investments in bonds subject to the AMT will be counted toward the fund’s 80% investment policy.The fund may buy bonds of any maturity or duration. The manager may implement short-term trading strategies to take advantage of pricing imbalances within the municipal bond market. There is no guarantee that the manager will be able to implement these strategies effectively and the strategies may have a more significant impact on the fund's performance before it achieves scale. The fund may invest heavily in bonds from any given state or region, and may have substantial investments in obligations of certain states and their agencies, instrumentalities, and/or political subdivisions. The fund may also use tender option bond transactions to seek to enhance potential gains. The fund will look through to the underlying municipal bonds held by a tender option bond trust for purposes of the fund’s 80% policy. The fund may leverage its assets through the use of proceeds received as a result of tender option bond transactions. The fund may contribute up to 15% of its holdings in municipal securities to tender option bond transactions.Due to the nature of certain of the fund’s investments, the fund may, under certain circumstances, effect a portion of creations and redemptions for cash, rather than in-kind securities.
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JHMU - Performance
Return Ranking - Trailing
| Period | JHMU Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.6% | -0.6% | 43.5% | 98.31% |
| 1 Yr | 3.8% | 0.4% | 46.9% | 98.31% |
| 3 Yr | N/A* | -10.4% | 14.4% | 1.61% |
| 5 Yr | N/A* | -9.4% | 11.3% | 3.33% |
| 10 Yr | N/A* | -1.8% | 9.6% | N/A |
* Annualized
Return Ranking - Calendar
| Period | JHMU Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | N/A | -20.0% | 0.8% | 7.69% |
| 2022 | N/A | -21.0% | 3.5% | 70.77% |
| 2021 | N/A | 0.2% | 26.5% | 34.38% |
| 2020 | N/A | -18.4% | 8.1% | 9.84% |
| 2019 | N/A | 7.0% | 26.2% | 53.33% |
Total Return Ranking - Trailing
| Period | JHMU Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.6% | -0.6% | 43.5% | 98.31% |
| 1 Yr | 3.8% | 0.4% | 46.9% | 98.31% |
| 3 Yr | N/A* | -10.4% | 14.4% | 12.90% |
| 5 Yr | N/A* | -9.4% | 11.3% | 8.33% |
| 10 Yr | N/A* | -1.8% | 9.6% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | JHMU Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | N/A | -19.5% | 3.4% | 7.69% |
| 2022 | N/A | -19.7% | 19.1% | 70.77% |
| 2021 | N/A | 5.6% | 30.1% | 34.38% |
| 2020 | N/A | -18.1% | 9.0% | 21.31% |
| 2019 | N/A | 9.7% | 29.4% | 66.67% |
JHMU - Holdings
Concentration Analysis
| JHMU | Category Low | Category High | JHMU % Rank | |
|---|---|---|---|---|
| Net Assets | 24 M | 20.3 M | 18.2 B | 94.92% |
| Number of Holdings | 95 | 19 | 221 | 11.86% |
| Net Assets in Top 10 | 5.45 M | 5.45 M | 10.8 B | 100.00% |
| Weighting of Top 10 | 22.92% | 22.9% | 72.8% | 100.00% |
Top 10 Holdings
- PORT OF SEATTLE WA PTSGEN 08/29 FIXED 5 2.48%
- SALES TAX SECURITIZATION CORP STSGEN 01/37 FIXED 5 2.46%
- FLORIDA DEVELOPMENT FINANCE CO FLSDEV 04/27 FIXED 5 2.33%
- SPORTS and EXHIBITION AUTHORITY PITFAC 02/31 FIXED 5 2.32%
- WESTERN CAROLINA UNIVERSITY WESHGR 04/32 FIXED 5 2.31%
- CITY OF CLEVELAND OH CLECTF 11/28 FIXED 5 2.25%
- STATE OF CONNECTICUT CTS 01/33 FIXED 4 2.22%
- CITY OF SALT LAKE CITY UT AIRP SALAPT 07/31 FIXED 5 2.20%
- TENNESSEE ENERGY ACQUISITION C TNSUTL 05/53 ADJUSTABLE VAR 2.19%
- HILLSBOROUGH COUNTY AVIATION A HILTRN 10/26 FIXED 5 2.18%
Asset Allocation
| Weighting | Return Low | Return High | JHMU % Rank | |
|---|---|---|---|---|
| Bonds | 99.77% | 0.00% | 99.77% | 1.69% |
| Cash | 0.51% | -15.47% | 27.31% | 81.36% |
| Stocks | 0.00% | 0.00% | 115.46% | 100.00% |
| Preferred Stocks | 0.00% | 0.00% | 0.03% | 84.75% |
| Other | 0.00% | -33.23% | 0.56% | 88.14% |
| Convertible Bonds | 0.00% | 0.00% | 0.00% | 84.75% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | JHMU % Rank | |
|---|---|---|---|---|
| Cash & Equivalents | 0.51% | 0.00% | 100.00% | 62.71% |
| Derivative | 0.00% | 0.00% | 0.09% | 88.14% |
| Securitized | 0.00% | 0.00% | 0.00% | 84.48% |
| Corporate | 0.00% | 0.00% | 91.39% | 84.48% |
| Municipal | 0.00% | 0.00% | 0.00% | 84.48% |
| Government | 0.00% | 0.00% | 0.00% | 84.48% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | JHMU % Rank | |
|---|---|---|---|---|
| US | 99.77% | 0.00% | 99.77% | 1.69% |
| Non US | 0.00% | 0.00% | 1.37% | 84.75% |
JHMU - Expenses
Operational Fees
| JHMU Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.57% | 0.08% | 2.43% | 22.03% |
| Management Fee | 0.32% | 0.03% | 1.00% | 10.17% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.04% | 0.26% | N/A |
Sales Fees
| JHMU Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| JHMU Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| JHMU Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 17.00% | 3.00% | 175.00% | 58.93% |
JHMU - Distributions
Dividend Yield Analysis
| JHMU | Category Low | Category High | JHMU % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.02% | 0.00% | 9.34% | 100.00% |
Dividend Distribution Analysis
| JHMU | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
| JHMU | Category Low | Category High | JHMU % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.89% | 0.31% | 3.10% | 11.86% |
Capital Gain Distribution Analysis
| JHMU | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 26, 2024 | $0.088 | OrdinaryDividend |
| Oct 29, 2024 | $0.081 | OrdinaryDividend |
| Sep 26, 2024 | $0.086 | OrdinaryDividend |
| Aug 28, 2024 | $0.089 | OrdinaryDividend |
| Jul 29, 2024 | $0.091 | OrdinaryDividend |
| Jun 26, 2024 | $0.742 | OrdinaryDividend |
| Apr 25, 2024 | $0.095 | OrdinaryDividend |
| Mar 25, 2024 | $0.079 | OrdinaryDividend |
| Feb 26, 2024 | $0.082 | OrdinaryDividend |
| Jan 26, 2024 | $0.042 | OrdinaryDividend |
| Dec 26, 2023 | $0.133 | OrdinaryDividend |
| Nov 27, 2023 | $0.036 | OrdinaryDividend |
JHMU - Fund Manager Analysis
Managers
Joel Schneider
Start Date
Tenure
Tenure Rank
Mar 28, 2016
6.18
6.2%
Mr. Schneider is a Senior Portfolio Manager and Vice President of Dimensional Fund Advisors LP. Mr. Schneider holds an MBA from the University of Chicago Booth School of Business, an MS from the University of Minnesota, and a BS from Iowa State University. Mr. Schneider joined Dimensional in 2011, has been a portfolio manager since 2013.
Joseph Hohn
Start Date
Tenure
Tenure Rank
Sep 01, 2018
3.75
3.8%
Mr. Hohn is a Portfolio Manager and Vice President of Dimensional Fund Advisors. Mr. Hohn holds an MBA from the University of California, Los Angeles, an MS from the University of Southern California and a BS from Iowa State University. Mr. Hohn joined the Advisor in 2012, has been a portfolio manager since 2015, and has been responsible for the US Large Company Portfolio since 2017.
Andres Torres
Start Date
Tenure
Tenure Rank
Mar 01, 2021
1.25
1.3%
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.07 | 23.43 | 10.23 | 4.71 |
