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John Hancock Managed Account Shares Investment-Grade Corporate Bond Portfolio
mutual fund
JMABX
Payout Change
Pending
Price as of:
$8.69
+0.01
+0.12%
primary theme
Corporate Bond
share class
JMABX (Mutual Fund)
John Hancock Managed Account Shares Investment-Grade Corporate Bond Portfolio
Payout Change
Pending
Price as of:
$8.69
+0.01
+0.12%
primary theme
Corporate Bond
share class
JMABX (Mutual Fund)
John Hancock Managed Account Shares Investment-Grade Corporate Bond Portfolio
Payout Change
Pending
Price as of:
$8.69
+0.01
+0.12%
primary theme
Corporate Bond
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
$8.69
$185 M
5.73%
$0.50
0.74%
Vitals
YTD Return
4.6%
1 yr return
5.0%
3 Yr Avg Return
-0.7%
5 Yr Avg Return
1.1%
Net Assets
$185 M
Holdings in Top 10
11.7%
52 WEEK LOW AND HIGH
$8.7
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.74%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 58.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
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
$8.69
$185 M
5.73%
$0.50
0.74%
JMABX - Profile
Distributions
- YTD Total Return 4.6%
- 3 Yr Annualized Total Return -0.7%
- 5 Yr Annualized Total Return 1.1%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.73%
- Dividend Yield 5.7%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameJohn Hancock Managed Account Shares Investment-Grade Corporate Bond Portfolio
-
Fund Family NameJohn Hancock
-
Inception DateJul 09, 2019
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJeffrey Given
Fund Description
Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in investment-grade bonds (securities rated from AAA to BBB-). These may include, but are not limited to, corporate bonds and debentures. The fund will not invest in mortgage-backed and asset backed securities and U.S. government and agency securities. The fund contemplates that all assets will be in investment-grade debt securities and cash and cash equivalents. The fund’s investment policies are based on credit ratings at the time of purchase. There is no limit on average maturity. The manager focuses on sector allocation, industry allocation, and security selection in making investment decisions. When making sector and industry allocations, the manager uses top-down analysis to try to anticipate and react to shifts in the business cycle. The fund does not invest in bonds rated below investment-grade at time of purchase.The manager uses bottom-up research to find individual securities that appear comparatively undervalued. The fund may engage in derivatives transactions, including credit default swaps, foreign currency forward contracts, futures contracts, and options, to reduce risk, obtain efficient market exposure, and/or enhance investment returns. The fund may trade securities actively.The manager considers environmental, social, and/or governance (ESG) factors, alongside other relevant factors, as part of its investment process. ESG factors may include, but are not limited to, matters regarding board diversity, climate change policies, and supply chain and human rights policies. The ESG characteristics utilized in the fund’s investment process may change over time and one or more characteristics may not be relevant with respect to all issuers that are eligible fund investments.The fund may invest in securities of foreign governments and corporations. The fund will not invest more than 10% of its total assets in securities denominated in foreign currencies. Under normal market conditions, the fund does not anticipate investing more than 25% of its total assets in U.S. dollar-denominated foreign securities (excluding Canadian securities). The fund may invest in bonds issued by master limited partnerships.
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JMABX - Performance
Return Ranking - Trailing
| Period | JMABX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.6% | -2.9% | 7.6% | 2.38% |
| 1 Yr | 5.0% | -2.4% | 7.8% | 2.38% |
| 3 Yr | -0.7%* | -8.0% | 40.3% | 11.98% |
| 5 Yr | 1.1%* | -7.0% | 25.0% | 13.66% |
| 10 Yr | N/A* | -0.3% | 14.3% | N/A |
* Annualized
Return Ranking - Calendar
| Period | JMABX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.2% | -5.6% | 6.3% | 53.57% |
| 2022 | -18.1% | -28.7% | 142.1% | 38.92% |
| 2021 | -3.6% | -12.3% | 4.9% | 21.34% |
| 2020 | 4.7% | -8.0% | 9.0% | 66.46% |
| 2019 | N/A | 4.3% | 13.4% | N/A |
Total Return Ranking - Trailing
| Period | JMABX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.6% | -2.9% | 7.6% | 2.38% |
| 1 Yr | 5.0% | -2.4% | 7.8% | 2.38% |
| 3 Yr | -0.7%* | -8.0% | 40.3% | 11.98% |
| 5 Yr | 1.1%* | -7.0% | 25.0% | 13.66% |
| 10 Yr | N/A* | -0.3% | 14.3% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | JMABX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 9.6% | -5.6% | 12.9% | 10.71% |
| 2022 | -14.3% | -25.6% | 151.8% | 17.96% |
| 2021 | 0.3% | -5.1% | 7.5% | 20.12% |
| 2020 | 7.9% | -8.0% | 116.0% | 81.99% |
| 2019 | N/A | 6.7% | 17.4% | N/A |
NAV & Total Return History
JMABX - Holdings
Concentration Analysis
| JMABX | Category Low | Category High | JMABX % Rank | |
|---|---|---|---|---|
| Net Assets | 185 M | 23.9 M | 47.3 B | 83.93% |
| Number of Holdings | 272 | 4 | 10364 | 85.12% |
| Net Assets in Top 10 | 31.7 M | -29.6 M | 3.03 B | 77.38% |
| Weighting of Top 10 | 11.73% | 1.7% | 143.7% | 58.93% |
Top 10 Holdings
- WARNERMEDIA HOLDINGS INC COMPANY GUAR 03/32 4.279 1.44%
- T-MOBILE USA INC COMPANY GUAR 04/30 3.875 1.41%
- AERCAP IRELAND CAPITAL DAC / A COMPANY GUAR 10/26 2.45 1.28%
- GENERAL MOTORS FINANCIAL CO IN COMPANY GUAR 06/31 5.6 1.25%
- VIATRIS INC COMPANY GUAR 06/50 4 1.15%
- AMGEN INC SR UNSECURED 03/33 5.25 1.13%
- DELL INTERNATIONAL LLC / EMC C COMPANY GUAR 04/34 5.4 1.04%
- ENBRIDGE INC SUBORDINATED 07/80 VAR 1.04%
- CANTOR FITZGERALD LP SR UNSECURED 144A 12/28 7.2 1.01%
- VAR ENERGI ASA SR UNSECURED 144A 11/32 8 1.00%
Asset Allocation
| Weighting | Return Low | Return High | JMABX % Rank | |
|---|---|---|---|---|
| Bonds | 97.46% | 0.00% | 136.47% | 41.67% |
| Convertible Bonds | 5.56% | 0.00% | 78.47% | 41.07% |
| Cash | 2.54% | -43.80% | 45.89% | 50.60% |
| Stocks | 0.00% | 0.00% | 99.98% | 76.19% |
| Preferred Stocks | 0.00% | 0.00% | 9.18% | 75.60% |
| Other | 0.00% | -5.08% | 12.23% | 87.50% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | JMABX % Rank | |
|---|---|---|---|---|
| Corporate | 93.90% | 41.80% | 99.52% | 17.86% |
| Securitized | 3.83% | 0.00% | 23.18% | 23.81% |
| Municipal | 1.07% | 0.00% | 3.37% | 8.93% |
| Cash & Equivalents | 0.84% | 0.00% | 45.89% | 64.88% |
| Derivative | 0.00% | -2.44% | 2.14% | 67.26% |
| Government | 0.00% | 0.00% | 25.63% | 97.62% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | JMABX % Rank | |
|---|---|---|---|---|
| US | 97.46% | 0.00% | 112.17% | 36.90% |
| Non US | 0.00% | 0.00% | 47.05% | 77.98% |
JMABX - Expenses
Operational Fees
| JMABX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.74% | 0.03% | 3.33% | 46.67% |
| Management Fee | 0.63% | 0.00% | 1.35% | 94.64% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.02% | 0.45% | N/A |
Sales Fees
| JMABX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 4.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| JMABX 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.
| JMABX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 58.00% | 0.00% | 259.00% | 45.78% |
JMABX - Distributions
Dividend Yield Analysis
| JMABX | Category Low | Category High | JMABX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 5.73% | 0.00% | 6.00% | 1.19% |
Dividend Distribution Analysis
| JMABX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| JMABX | Category Low | Category High | JMABX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.73% | 0.38% | 5.93% | 19.28% |
Capital Gain Distribution Analysis
| JMABX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Monthly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.042 | OrdinaryDividend |
| Oct 31, 2024 | $0.042 | OrdinaryDividend |
| Sep 30, 2024 | $0.041 | OrdinaryDividend |
| Aug 30, 2024 | $0.041 | OrdinaryDividend |
| Jul 31, 2024 | $0.042 | OrdinaryDividend |
| Apr 30, 2024 | $0.041 | OrdinaryDividend |
| Mar 28, 2024 | $0.042 | OrdinaryDividend |
| Feb 29, 2024 | $0.042 | OrdinaryDividend |
| Jan 31, 2024 | $0.042 | OrdinaryDividend |
| Dec 29, 2023 | $0.042 | OrdinaryDividend |
| Nov 30, 2023 | $0.041 | OrdinaryDividend |
| Oct 31, 2023 | $0.041 | OrdinaryDividend |
| Sep 29, 2023 | $0.040 | OrdinaryDividend |
| Aug 31, 2023 | $0.040 | OrdinaryDividend |
| Jul 31, 2023 | $0.040 | OrdinaryDividend |
| Jun 30, 2023 | $0.039 | OrdinaryDividend |
| May 31, 2023 | $0.039 | OrdinaryDividend |
| Apr 28, 2023 | $0.038 | OrdinaryDividend |
| Mar 31, 2023 | $0.038 | OrdinaryDividend |
| Jan 31, 2023 | $0.038 | OrdinaryDividend |
| Nov 30, 2022 | $0.036 | OrdinaryDividend |
| Oct 31, 2022 | $0.034 | OrdinaryDividend |
| Sep 30, 2022 | $0.033 | OrdinaryDividend |
| Aug 31, 2022 | $0.034 | OrdinaryDividend |
| Jul 29, 2022 | $0.035 | OrdinaryDividend |
| Jun 30, 2022 | $0.036 | OrdinaryDividend |
| May 31, 2022 | $0.033 | OrdinaryDividend |
| Apr 29, 2022 | $0.034 | OrdinaryDividend |
| Mar 31, 2022 | $0.036 | OrdinaryDividend |
| Feb 28, 2022 | $0.033 | OrdinaryDividend |
| Jan 31, 2022 | $0.031 | OrdinaryDividend |
| Dec 31, 2021 | $0.031 | OrdinaryDividend |
| Dec 17, 2021 | $0.002 | CapitalGainShortTerm |
| Dec 17, 2021 | $0.027 | CapitalGainLongTerm |
| Nov 30, 2021 | $0.032 | OrdinaryDividend |
| Oct 29, 2021 | $0.031 | OrdinaryDividend |
| Sep 30, 2021 | $0.032 | OrdinaryDividend |
| Aug 31, 2021 | $0.032 | OrdinaryDividend |
| Jul 30, 2021 | $0.032 | OrdinaryDividend |
| Jun 30, 2021 | $0.032 | OrdinaryDividend |
| May 28, 2021 | $0.033 | OrdinaryDividend |
| Apr 30, 2021 | $0.032 | OrdinaryDividend |
| Mar 31, 2021 | $0.033 | OrdinaryDividend |
| Feb 26, 2021 | $0.031 | OrdinaryDividend |
| Jan 29, 2021 | $0.030 | OrdinaryDividend |
| Dec 18, 2020 | $0.015 | CapitalGainLongTerm |
| Sep 30, 2020 | $0.031 | OrdinaryDividend |
| Aug 31, 2020 | $0.030 | OrdinaryDividend |
| Jul 31, 2020 | $0.031 | OrdinaryDividend |
| Jun 30, 2020 | $0.031 | OrdinaryDividend |
| May 29, 2020 | $0.032 | OrdinaryDividend |
| Apr 30, 2020 | $0.032 | OrdinaryDividend |
| Mar 31, 2020 | $0.032 | OrdinaryDividend |
| Feb 28, 2020 | $0.032 | OrdinaryDividend |
| Jan 31, 2020 | $0.041 | OrdinaryDividend |
| Dec 19, 2019 | $0.009 | OrdinaryDividend |
JMABX - Fund Manager Analysis
Managers
Jeffrey Given
Start Date
Tenure
Tenure Rank
Jul 09, 2019
2.9
2.9%
Jeffrey N. Given, CFA Senior Portfolio Manager, Co-Head of U.S. Core and Core-Plus Fixed Income, Manulife Investment Management Jeff is co-head of the firm’s U.S. core and core-plus fixed-income team and is responsible for the firm’s securitized, core, core-plus, and government bond strategies. Prior to joining the portfolio management team, he was focused on research and trading in mortgage-backed securities within the Manulife fixed-income teams. Previously, he was an investment compliance analyst at the company.
Howard Greene
Start Date
Tenure
Tenure Rank
Jul 09, 2019
2.9
2.9%
Howard C. Greene, CFA Senior Portfolio Manager, Co-Head of U.S. Core and Core-Plus Fixed Income, Manulife Investment Management Howard is co-head of the firm’s U.S. core and core-plus fixed-income team and serves as a co-lead portfolio manager for the core and core-plus fixed-income strategies. Prior to joining the company, he spent more than 14 years at Sun Life Financial Services of Canada as a senior vice president for Sun Capital Advisers, managing investment-grade and high-yield fixed-income portfolios.
Pranay Sonalkar
Start Date
Tenure
Tenure Rank
Jun 30, 2021
0.92
0.9%
Pranay Sonalkar Associate Portfolio Manager, U.S. Core and Core Plus Fixed Income, Manulife Investment Management Pranay is an associate portfolio manager on the firm’s U.S. Core and Core Plus Fixed Income team. Previously, he was a credit research analyst and sector lead responsible for research coverage of the industrials, utilities, and energy sectors. Prior to that, he was a lead credit analyst with Standard & Poor's on various chemical and environmental services issuers and, before that, he worked for Barclays Capital as a sell-side credit analyst assisting coverage in multiple sectors. Education: B.A., Economics and Mathematical Science, Colby College; M.B.A., Cornell University–Samuel Curtis Johnson Graduate School of Management Joined the company: 2014 Began career: 2007
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.33 | 24.76 | 6.74 | 4.41 |
