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John Hancock ESG Core Bond Fund
mutual fund
JBOIX
Payout Change
Pending
Price as of:
$9.16
+0.01
+0.11%
primary theme
U.S. Intermediate-Term Bond Duration
share class
JBOIX (Mutual Fund)
John Hancock ESG Core Bond Fund
Payout Change
Pending
Price as of:
$9.16
+0.01
+0.11%
primary theme
U.S. Intermediate-Term Bond Duration
share class
JBOIX (Mutual Fund)
John Hancock ESG Core Bond Fund
Payout Change
Pending
Price as of:
$9.16
+0.01
+0.11%
primary theme
U.S. Intermediate-Term Bond Duration
share class
Name
As of 12/24/2024Price
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
2.8%
1 yr return
2.9%
3 Yr Avg Return
-0.5%
5 Yr Avg Return
0.6%
Net Assets
$44.8 M
Holdings in Top 10
31.1%
52 WEEK LOW AND HIGH
$9.2
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.98%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 50.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$250,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
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
JBOIX - Profile
Distributions
- YTD Total Return 2.8%
- 3 Yr Annualized Total Return -0.5%
- 5 Yr Annualized Total Return 0.6%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.53%
- Dividend Yield 3.6%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameJohn Hancock ESG Core Bond Fund
-
Fund Family NameJohn Hancock Group of Funds
-
Inception DateDec 14, 2016
-
Shares Outstanding6188110
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMatthew Buscone
Fund Description
Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in investment-grade bonds and other fixed-income securities that meet the manager’s sustainability criteria. The manager seeks to invest in companies meeting its sustainability criteria, including companies with strong (including above-average and/or improving) environmental, social, and governance (ESG) risk profiles. The manager seeks to maintain an effective duration within approximately six months of the portfolio duration of the securities comprising the fund’s benchmark index, the Bloomberg U.S. Intermediate Government/Credit Index. As of June 30, 2024, the duration of the fund’s benchmark index was 3.78 years. A debt security is investment grade when assigned a credit rating of BBB– or higher by S&P Global Ratings, or an equivalent rating by another nationally recognized statistical rating organization, including Moody’s Investors Service or Fitch Ratings, Inc. (Fitch Ratings), or if unrated, considered to be of comparable credit quality by the fund’s subadvisor. The fund’s investment policies are based on credit ratings at the time of purchase.Based on the manager’s discretion, the fund may at times continue to own securities that have been downgraded to a below-investment-grade credit rating, such as when the security in question is nearing maturity. Under normal circumstances, the fund’s portfolio will maintain an average credit rating of investment grade.The fund invests primarily in a broad range of investment grade bonds and fixed-income securities, including, but not limited to, corporate bonds and debentures, municipal securities (both taxable and tax-exempt) issued by local government authorities, mortgage-backed and asset-backed securities, securities issued by the U.S. government or its related agencies, securities issued by foreign governments and corporations, and securities issued by supranational entities.The fund may invest in U.S. dollar-denominated securities of foreign governments and corporations. Under normal conditions, the fund does not anticipate investing more than 20% of its total assets in U.S. dollar-denominated foreign securities.The fund’s manager utilizes an investment process that combines fundamental credit research with analysis of ESG metrics. Environmental assessment involves issues such as carbon emissions, pollution, and renewable energy. Social assessment involves issues such as supply chain, discrimination, and human rights. Governance assessment involves issues such as executive compensation, ownership and control, and diverse and independent directors.The fund’s manager has an investment committee that sets duration parameters, yield curve positioning/maturity distribution, and asset allocation parameters for the fund. The manager primarily allocates fund assets among corporate bonds, municipal bonds, asset-backed securities, mortgage-backed securities, and government-related securities according to these parameters. Asset allocation decisions are paired with the manager’s fundamental credit research and ESG analysis to determine which securities the fund will invest in. Under normal circumstances, the manager expects to allocate a portion of the fund’s portfolio to each of corporate bonds, municipal bonds, asset-backed securities, mortgage-backed securities, and government-related securities.Potential corporate bond investments are evaluated using a proprietary framework that aggregates ESG metrics and data from external research providers and other third-party sources. The manager selects corporate bond investments that it considers to be best in class relative to their peers based on a set of factors specific to each sector, such as technology, energy, or financials. Corporate bond investments the manager views as best in class are those that have an above-average or improving ESG profile relative to their peers. Factors resulting in a “best in class” ESG profile may include low or improving pollution or emissions, exemplary health and safety records, minimal risk related to controversies, strong disclosure and transparency policies, and independent board member representation among others. The manager may also elect to purchase corporate bonds where the proceeds of those bonds are specifically earmarked to fund projects or initiatives with an environmental and/or social focus.Potential municipal bond investments are evaluated according to the manager’s assessment of material ESG issues relevant to a specific sector, such as school districts, public utilities, or hospitals. The manager selects municipal bond investments that it considers to be best in class relative to their peers, based on a set of factors specific to each sector and an evaluation of the issuer’s use of proceeds. Factors resulting in a “best in class” ESG profile may include environmental initiatives, income distribution and median income trends, employment sector diversity, and access to high-quality and affordable school systems, housing, and healthcare.Potential mortgage-backed securities eligibility is based on the proceeds of the bonds which are used to provide stability, affordability, and liquidity to the U.S. housing market and foster sustainable homeownership. The manager incorporates key climate risk data points that allow for a more complete assessment of the risks faced from the acceleration of mortgage prepayments, as the result of natural disasters. Examples of material metrics include, but are not limited to, GSE buyout policies related to natural disasters, examining the regional breakdown of the MBS pool and the assessment of climate risks including flooding, water stress, heat stress and hurricanes. Potential commercial mortgage-backed securities eligibility is based on the proceeds of the bonds which are used to provide stability, affordability, and liquidity to the U.S. commercial real estate market including agency programs that support multifamily housing.Potential asset-backed securities (ABS) are evaluated according to the manager’s assessment of material ESG issues for the ABS sectors. The assessment utilizes sector specific metrics across ESG categories, insights from third-party data providers, our analysts’ qualitative assessment and a sector-level risk evaluation. Examples of material metrics incorporated in the framework include energy use and waste management policies, health and safety policies and the level of Board independence for a given ABS issuer. ABS investments that the manager views as “best in class” are those where the issuer has an above-average ESG risk profile relative to their peers. The manager may also elect to purchase ABS bonds where the proceeds of those bonds are specifically earmarked to fund projects or initiatives with an environmental and/or social focus.The manager may elect to upgrade or downgrade its opinion of an issuer’s ESG risk profile, which could impact whether the manager buys or sells a bond issued by that particular entity.
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JBOIX - Performance
Return Ranking - Trailing
| Period | JBOIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.8% | -7.8% | 11.6% | 15.66% |
| 1 Yr | 2.9% | -7.5% | 11.7% | 18.57% |
| 3 Yr | -0.5%* | -11.0% | 27.4% | 4.26% |
| 5 Yr | 0.6%* | -7.6% | 58.4% | 20.05% |
| 10 Yr | N/A* | -3.0% | 73.8% | N/A |
* Annualized
Return Ranking - Calendar
| Period | JBOIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.0% | -16.2% | 8.1% | 56.55% |
| 2022 | -10.7% | -34.7% | 131.9% | 2.23% |
| 2021 | -4.5% | -11.6% | 4.4% | 88.77% |
| 2020 | 3.5% | -9.9% | 946.1% | 59.72% |
| 2019 | 3.9% | -1.7% | 16.9% | 85.71% |
Total Return Ranking - Trailing
| Period | JBOIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.8% | -7.8% | 11.6% | 15.66% |
| 1 Yr | 2.9% | -7.5% | 11.7% | 18.57% |
| 3 Yr | -0.5%* | -11.0% | 27.4% | 4.26% |
| 5 Yr | 0.6%* | -7.6% | 58.4% | 20.05% |
| 10 Yr | N/A* | -3.0% | 73.8% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | JBOIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.5% | -11.3% | 11.9% | 72.14% |
| 2022 | -8.5% | -32.2% | 131.9% | 1.81% |
| 2021 | -1.9% | -9.4% | 9.2% | 82.98% |
| 2020 | 6.7% | -1.9% | 1009.0% | 84.23% |
| 2019 | 6.3% | 1.1% | 21668.0% | 93.04% |
NAV & Total Return History
JBOIX - Holdings
Concentration Analysis
| JBOIX | Category Low | Category High | JBOIX % Rank | |
|---|---|---|---|---|
| Net Assets | 44.8 M | 2.9 M | 314 B | 94.40% |
| Number of Holdings | 139 | 1 | 17880 | 92.73% |
| Net Assets in Top 10 | 14.1 M | 1.62 M | 35.1 B | 94.08% |
| Weighting of Top 10 | 31.10% | 4.7% | 3984.6% | 27.22% |
Top 10 Holdings
- UNITED STATES TREASURY NOTE/BO 05/29 2.375 4.64%
- UNITED STATES TREASURY NOTE/BO 09/26 1.625 3.41%
- UNITED STATES TREASURY NOTE/BO 02/27 2.25 3.26%
- UNITED STATES TREASURY NOTE/BO 08/28 2.875 3.24%
- UNITED STATES TREASURY NOTE/BO 12/27 0.625 3.18%
- UNITED STATES TREASURY NOTE/BO 05/27 0.5 3.11%
- UNITED STATES TREASURY NOTE/BO 03/26 0.75 3.05%
- UNITED STATES TREASURY NOTE/BO 05/33 3.375 2.59%
- UNITED STATES TREASURY NOTE/BO 02/34 4 2.37%
- UNITED STATES TREASURY NOTE/BO 08/33 3.875 2.25%
Asset Allocation
| Weighting | Return Low | Return High | JBOIX % Rank | |
|---|---|---|---|---|
| Bonds | 88.19% | 0.00% | 9231.88% | 77.31% |
| Other | 10.66% | -27.25% | 1695.17% | 24.09% |
| Convertible Bonds | 3.09% | 0.00% | 7.93% | 8.68% |
| Cash | 1.40% | -54.51% | 237.69% | 68.64% |
| Stocks | 0.00% | 0.00% | 99.98% | 77.62% |
| Preferred Stocks | 0.00% | 0.00% | 72.34% | 75.29% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | JBOIX % Rank | |
|---|---|---|---|---|
| Corporate | 43.56% | 0.00% | 100.00% | 17.68% |
| Government | 32.52% | 0.00% | 86.23% | 31.80% |
| Securitized | 16.69% | 0.00% | 98.40% | 86.51% |
| Municipal | 5.92% | 0.00% | 100.00% | 7.01% |
| Cash & Equivalents | 1.40% | 0.00% | 237.69% | 63.55% |
| Derivative | 0.00% | -6.56% | 43.84% | 51.09% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | JBOIX % Rank | |
|---|---|---|---|---|
| US | 88.19% | 0.00% | 9042.62% | 71.34% |
| Non US | 0.00% | 0.00% | 189.26% | 79.44% |
JBOIX - Expenses
Operational Fees
| JBOIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.98% | 0.01% | 39.64% | 26.54% |
| Management Fee | 0.45% | 0.00% | 1.76% | 82.06% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 9.41% |
| Administrative Fee | N/A | 0.01% | 0.50% | N/A |
Sales Fees
| JBOIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| JBOIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 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.
| JBOIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 50.00% | 2.00% | 493.39% | 18.69% |
JBOIX - Distributions
Dividend Yield Analysis
| JBOIX | Category Low | Category High | JBOIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.63% | 0.00% | 10.11% | 77.31% |
Dividend Distribution Analysis
| JBOIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | SemiAnnual | Monthly | Quarterly |
Net Income Ratio Analysis
| JBOIX | Category Low | Category High | JBOIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.53% | -1.28% | 4.79% | 61.56% |
Capital Gain Distribution Analysis
| JBOIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.028 | OrdinaryDividend |
| Oct 31, 2024 | $0.028 | OrdinaryDividend |
| Sep 30, 2024 | $0.027 | OrdinaryDividend |
| Aug 30, 2024 | $0.028 | OrdinaryDividend |
| Jul 31, 2024 | $0.028 | OrdinaryDividend |
| Apr 30, 2024 | $0.027 | OrdinaryDividend |
| Mar 28, 2024 | $0.027 | OrdinaryDividend |
| Feb 29, 2024 | $0.025 | OrdinaryDividend |
| Jan 31, 2024 | $0.026 | OrdinaryDividend |
| Dec 29, 2023 | $0.026 | OrdinaryDividend |
| Nov 30, 2023 | $0.025 | OrdinaryDividend |
| Oct 31, 2023 | $0.025 | OrdinaryDividend |
| Sep 29, 2023 | $0.024 | OrdinaryDividend |
| Aug 31, 2023 | $0.025 | OrdinaryDividend |
| Jul 31, 2023 | $0.024 | OrdinaryDividend |
| Jun 30, 2023 | $0.023 | OrdinaryDividend |
| May 31, 2023 | $0.023 | OrdinaryDividend |
| Apr 28, 2023 | $0.023 | OrdinaryDividend |
| Mar 31, 2023 | $0.023 | OrdinaryDividend |
| Feb 28, 2023 | $0.020 | OrdinaryDividend |
| Jan 31, 2023 | $0.022 | OrdinaryDividend |
| Dec 30, 2022 | $0.021 | OrdinaryDividend |
| Nov 30, 2022 | $0.020 | OrdinaryDividend |
| Oct 31, 2022 | $0.019 | OrdinaryDividend |
| Sep 30, 2022 | $0.018 | OrdinaryDividend |
| Aug 31, 2022 | $0.017 | OrdinaryDividend |
| Jul 29, 2022 | $0.017 | OrdinaryDividend |
| Jun 30, 2022 | $0.015 | OrdinaryDividend |
| May 31, 2022 | $0.015 | OrdinaryDividend |
| Apr 29, 2022 | $0.015 | OrdinaryDividend |
| Mar 31, 2022 | $0.015 | OrdinaryDividend |
| Feb 28, 2022 | $0.014 | OrdinaryDividend |
| Jan 31, 2022 | $0.015 | OrdinaryDividend |
| Dec 31, 2021 | $0.021 | OrdinaryDividend |
| Dec 17, 2021 | $0.007 | OrdinaryDividend |
| Dec 17, 2021 | $0.079 | CapitalGainLongTerm |
| Nov 30, 2021 | $0.014 | OrdinaryDividend |
| Oct 29, 2021 | $0.014 | OrdinaryDividend |
| Sep 30, 2021 | $0.015 | OrdinaryDividend |
| Aug 31, 2021 | $0.016 | OrdinaryDividend |
| Jul 30, 2021 | $0.016 | OrdinaryDividend |
| Jun 24, 2021 | $0.001 | OrdinaryDividend |
| May 28, 2021 | $0.017 | OrdinaryDividend |
| Apr 30, 2021 | $0.017 | OrdinaryDividend |
| Mar 31, 2021 | $0.017 | OrdinaryDividend |
| Feb 26, 2021 | $0.016 | OrdinaryDividend |
| Jan 29, 2021 | $0.018 | OrdinaryDividend |
| Dec 31, 2020 | $0.018 | OrdinaryDividend |
| Dec 18, 2020 | $0.077 | CapitalGainLongTerm |
| Nov 30, 2020 | $0.017 | OrdinaryDividend |
| Oct 30, 2020 | $0.018 | OrdinaryDividend |
| Sep 30, 2020 | $0.018 | OrdinaryDividend |
| Aug 31, 2020 | $0.018 | OrdinaryDividend |
| Jul 31, 2020 | $0.019 | OrdinaryDividend |
| Jun 30, 2020 | $0.019 | OrdinaryDividend |
| May 29, 2020 | $0.019 | OrdinaryDividend |
| Apr 30, 2020 | $0.019 | OrdinaryDividend |
| Mar 31, 2020 | $0.020 | OrdinaryDividend |
| Feb 28, 2020 | $0.019 | OrdinaryDividend |
| Jan 31, 2020 | $0.020 | OrdinaryDividend |
| Dec 31, 2019 | $0.020 | OrdinaryDividend |
| Nov 29, 2019 | $0.019 | OrdinaryDividend |
| Oct 31, 2019 | $0.020 | OrdinaryDividend |
| Sep 30, 2019 | $0.019 | OrdinaryDividend |
| Aug 30, 2019 | $0.020 | OrdinaryDividend |
| Jul 31, 2019 | $0.020 | OrdinaryDividend |
| Dec 21, 2017 | $0.010 | CapitalGainShortTerm |
JBOIX - Fund Manager Analysis
Managers
Matthew Buscone
Start Date
Tenure
Tenure Rank
Dec 14, 2016
5.46
5.5%
Matt is co-head, portfolio management. He sits on the firm’s Investment Committee where he is jointly responsible for setting the firm’s investment outlook and the translation into portfolio strategy. Matt is also a member of the Executive Committee. In his role, Matt oversees the management of the firm’s tax-efficient bond portfolios. Matt joined Breckinridge in 2002 as a trader and transitioned to portfolio management in 2008. He has over 27 years of industry experience. Prior to Breckinridge, Matt was a tax-exempt trader at Mellon Private Asset Management. Before Mellon, Matt was a portfolio manager at David L. Babson & Co. for both taxable and tax-exempt money market portfolios. Matt holds a B.A. in economics from Bryant College.
Khurram Gillani
Start Date
Tenure
Tenure Rank
Dec 14, 2016
5.46
5.5%
Khurram is a senior portfolio manager at Breckinridge. In his role, Khurram is responsible for the day-today management and monitoring of client portfolios. He joined the firm 2012 as an analyst and transitioned to portfolio management in November 2016. Khurram has over 10 years of investment industry experience. Prior to Breckinridge, Khurram was a municipal credit intern at C.W. Henderson & Associates. He holds a B.S. in physics and astronomy from the University of Maryland College Park, an M.S. in astrophysics from the University of Illinois, Urbana-Champaign and an MBA from the University of Chicago Booth School of Business with concentrations in analytic finance, econometrics, economics and entrepreneurship.
Sara Chanda
Start Date
Tenure
Tenure Rank
Dec 14, 2016
5.46
5.5%
Sara is a senior portfolio manager at Breckinridge. She is a member of the firm’s Investment Committee where she is jointly responsible for setting the firm’s investment outlook and the translation into portfolio strategy. In her role, Sara is responsible for the day-to-day management and monitoring of client portfolios. Sara joined Breckinridge in 2010 as a trader and transitioned to portfolio management in 2013. She has over 21 years of industry experience. Prior to Breckinridge, Sara was a vice president and trader at Eaton Vance Management where she traded various specialty state mutual funds. In addition, she oversaw trading and operations for Eaton Vance’s separately managed accounts, focusing on systems automation projects. Before Eaton Vance, Sara was responsible for municipal bond trading at Fidelity Investments. Sara began her career at State Street Bank & Trust Co. She holds a B.S. in business administration from Providence College and an MBA from the Boston University School of Management.
Jeffrey Glenn, CFA
Start Date
Tenure
Tenure Rank
Dec 14, 2016
5.46
5.5%
Jeff is co-head, portfolio management at Breckinridge. He sits on the firm’s Investment Committee where he is jointly responsible for setting the firm’s investment outlook and the translation into portfolio strategy. He is also a member of the firm’s Executive Committee and Sustainability Committee. In his role, Jeff oversees the management of Breckinridge’s Government Credit bond portfolios. In 2012, Jeff joined the firm as a trader and transitioned to portfolio management in 2015. He has over 23 years of investment industry experience. Prior to Breckinridge, Jeff was an associate portfolio manager/analyst at Brandes Investment Partners where he researched and traded corporate bonds from a wide range of sectors. Before Brandes, Jeff was an associate director at Banc One Capital Markets Inc. where he analyzed investment-grade utilities. Jeff began his career at Old Republic Asset Management as an investment analyst. He holds a B.A. from Union College and is a CFA® charterholder.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 33.43 | 6.77 | 1.16 |
