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Trending ETFs

John Hancock California Municipal Bond Fund

mutual fund
TACAX
Payout Change
Pending
Price as of:
$9.98 +0.01 +0.1%
primary theme
Municipal Bond
share class
A (TACAX) C (TCCAX) I (JCAFX) R6 (JCSRX)
TACAX (Mutual Fund)

John Hancock California Municipal Bond Fund

Payout Change
Pending
Price as of:
$9.98 +0.01 +0.1%
primary theme
Municipal Bond
share class
A (TACAX) C (TCCAX) I (JCAFX) R6 (JCSRX)
TACAX (Mutual Fund)

John Hancock California Municipal Bond Fund

Payout Change
Pending
Price as of:
$9.98 +0.01 +0.1%
primary theme
Municipal Bond
share class
A (TACAX) C (TCCAX) I (JCAFX) R6 (JCSRX)

Name

As of 12/23/2024

Price

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

John Hancock California Municipal Bond Fund

TACAX | Fund

$9.98

$340 M

3.44%

$0.34

0.91%

Vitals

YTD Return

2.1%

1 yr return

2.4%

3 Yr Avg Return

0.3%

5 Yr Avg Return

1.4%

Net Assets

$340 M

Holdings in Top 10

11.4%

52 WEEK LOW AND HIGH

$10.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.91%

SALES FEES

Front Load 4.00%

Deferred Load N/A

TRADING FEES

Turnover 23.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/23/2024

Price

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

John Hancock California Municipal Bond Fund

TACAX | Fund

$9.98

$340 M

3.44%

$0.34

0.91%

TACAX - Profile

Distributions

  • YTD Total Return 2.1%
  • 3 Yr Annualized Total Return 0.3%
  • 5 Yr Annualized Total Return 1.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.76%
DIVIDENDS
  • Dividend Yield 3.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    John Hancock California Municipal Bond Fund
  • Fund Family Name
    John Hancock Group of Funds
  • Inception Date
    Jan 03, 1994
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Dennis DiCicco

Fund Description

Under normal market conditions, the fund invests at least 80% of its net assets, plus amounts borrowed for investment purposes, in securities of any maturity exempt from federal and California personal income taxes. Most of these securities are investment-grade when purchased, but the fund may invest up to 20% of its net assets in junk bonds rated BB by S&P Global Ratings (S&P) or Fitch Ratings, Inc. (Fitch Ratings) or Ba by Moody’s Investors Service, Inc. (Moody’s), or their unrated equivalents. The fund’s investment policies are based on credit ratings at the time of purchase.The fund may buy bonds of any maturity. The fund may engage in derivative transactions. Derivatives may be used to reduce risk and/or enhance investment returns, and may include futures contracts on debt securities and debt securities indexes; options on futures, debt securities, and debt indexes; and inverse floating-rate securities. 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.The manager looks for undervalued bonds, based on both broad and security-specific factors, such as issuer creditworthiness, bond structure, and general credit trends, and uses detailed analysis of an appropriate index to model portfolio performance and composition.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 potential effect of falling interest rates on the fund’s yield. The manager may implement short-term trading strategies to take advantage of pricing imbalances within the municipal bond market. 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 not be counted toward the fund’s 80% investment policy.For liquidity and flexibility, the fund may invest up to 20% of its net assets (plus any borrowings for investment purposes) in taxable and tax-free investment-grade short-term securities.
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TACAX - Performance

Return Ranking - Trailing

Period TACAX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% -7.3% 36.6% 30.56%
1 Yr 2.4% -7.4% 36.7% 26.46%
3 Yr 0.3%* -11.8% 4.9% 14.00%
5 Yr 1.4%* -7.4% 1103.2% 9.53%
10 Yr 2.2%* -1.1% 248.8% 14.44%

* Annualized

Return Ranking - Calendar

Period TACAX Return Category Return Low Category Return High Rank in Category (%)
2023 4.7% -1.4% 41.0% 4.31%
2022 -11.7% -39.7% 0.3% 52.01%
2021 -0.7% -5.6% 6.9% 61.65%
2020 0.7% -2.6% 310.0% 87.11%
2019 3.3% 0.0% 26.0% 69.26%

Total Return Ranking - Trailing

Period TACAX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% -7.3% 36.6% 30.56%
1 Yr 2.4% -7.4% 36.7% 26.46%
3 Yr 0.3%* -11.8% 4.9% 14.00%
5 Yr 1.4%* -7.4% 1103.2% 9.53%
10 Yr 2.2%* -1.1% 248.8% 14.44%

* Annualized

Total Return Ranking - Calendar

Period TACAX Return Category Return Low Category Return High Rank in Category (%)
2023 8.5% -1.3% 41.0% 3.37%
2022 -8.5% -39.7% 1.1% 40.14%
2021 2.8% -4.8% 23761504.0% 20.00%
2020 4.0% -1.5% 17057.9% 43.49%
2019 6.1% 0.2% 3514.6% 62.20%

NAV & Total Return History

TACAX - Holdings

Concentration Analysis

TACAX Category Low Category High TACAX % Rank
Net Assets 340 M 3.22 M 71.9 B 58.06%
Number of Holdings 389 4 13418 31.83%
Net Assets in Top 10 50 M -317 M 3.09 B 67.29%
Weighting of Top 10 11.36% 1.8% 100.3% 76.21%

Top 10 Holdings

  1. JH COLLATERAL 1.87%
  2. CARSON PUBLIC FINANCING AUTHOR CARGEN 06/49 FIXED 5 1.23%
  3. CALIFORNIA COMMUNITY CHOICE FI CCEDEV 01/55 ADJUSTABLE VAR 1.23%
  4. SAN FRANCISCO BAY AREA RAPID T SFOTRN 08/52 FIXED OID 4.25 1.11%
  5. CALIFORNIA POLLUTION CONTROL F CASPOL 07/40 FIXED 4.3 1.07%
  6. CALIFORNIA STATE UNIVERSITY CASHGR 11/49 FIXED OID 4 1.05%
  7. STATE OF CALIFORNIA CAS 11/42 FIXED 5 1.02%
  8. LOS ANGELES UNIFIED SCHOOL DIS LOSSCD 07/34 FIXED 5 0.96%
  9. CALIFORNIA EDUCATIONAL FACILIT CASEDU 04/51 FIXED 5 0.93%
  10. CALIFORNIA STATEWIDE COMMUNITI CASGEN 12/49 FIXED 5 0.90%

Asset Allocation

Weighting Return Low Return High TACAX % Rank
Bonds 		102.71% 0.00% 150.86% 5.91%
Cash 		1.87% -50.86% 44.62% 35.86%
Stocks 		0.28% 0.00% 99.77% 5.17%
Preferred Stocks 		0.00% 0.00% 0.07% 47.95%
Other 		0.00% -3.69% 53.54% 52.52%
Convertible Bonds 		0.00% 0.00% 0.93% 47.67%

Stock Sector Breakdown

Weighting Return Low Return High TACAX % Rank
Utilities 		0.00% 0.00% 0.00% N/A
Technology 		0.00% 0.00% 0.00% N/A
Real Estate 		0.00% 0.00% 0.00% N/A
Industrials 		0.00% 0.00% 100.00% N/A
Healthcare 		0.00% 0.00% 0.00% N/A
Financial Services 		0.00% 0.00% 0.00% N/A
Energy 		0.00% 0.00% 0.00% N/A
Communication Services 		0.00% 0.00% 100.00% N/A
Consumer Defense 		0.00% 0.00% 0.00% N/A
Consumer Cyclical 		0.00% 0.00% 100.00% N/A
Basic Materials 		0.00% 0.00% 0.00% N/A

Stock Geographic Breakdown

Weighting Return Low Return High TACAX % Rank
US 		0.28% 0.00% 99.77% 5.17%
Non US 		0.00% 0.00% 10.22% 47.28%

Bond Sector Breakdown

Weighting Return Low Return High TACAX % Rank
Municipal 		88.37% 44.39% 100.00% 95.62%
Cash & Equivalents 		1.87% 0.00% 44.41% 24.71%
Derivative 		0.00% -3.69% 53.54% 44.33%
Securitized 		0.00% 0.00% 5.93% 39.65%
Corporate 		0.00% 0.00% 9.41% 48.55%
Government 		0.00% 0.00% 52.02% 43.43%

Bond Geographic Breakdown

Weighting Return Low Return High TACAX % Rank
US 		102.71% 0.00% 142.23% 5.91%
Non US 		0.00% 0.00% 23.89% 50.44%

TACAX - Expenses

Operational Fees

TACAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.91% 0.01% 8.02% 33.94%
Management Fee 0.51% 0.00% 1.20% 87.85%
12b-1 Fee 0.15% 0.00% 1.00% 23.68%
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

TACAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.00% 0.50% 4.75% 34.77%
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

TACAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 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.

TACAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 23.00% 0.00% 283.00% 67.64%

TACAX - Distributions

Dividend Yield Analysis

TACAX Category Low Category High TACAX % Rank
Dividend Yield 3.44% 0.00% 14.51% 18.32%

Dividend Distribution Analysis

TACAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

TACAX Category Low Category High TACAX % Rank
Net Income Ratio 2.76% -0.53% 5.33% 11.08%

Capital Gain Distribution Analysis

TACAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

TACAX - Fund Manager Analysis

Managers

Dennis DiCicco

Start Date

Tenure

Tenure Rank

Jul 12, 2018

3.89

3.9%

■ Portfolio Manager ■ Managed Manulife Investment Management (US) LLC since 2018 ■ Fixed Income Trader, Capital Security Advisors, LLC (2013-2016) ■ Began business career in 2008

Adam Weigold

Start Date

Tenure

Tenure Rank

Sep 08, 2021

0.73

0.7%

Adam A. Weigold, Vice President of Boston Management and Research. Mr. Weigold was a Vice President of Eaton Vance, has been an Eaton Vance portfolio manager for more than five years and also manages other Eaton Vance funds. Each portfolio manager is a Vice President of Eaton Vance and BMR and also manages other Eaton Vance portfolios, and Mr. Weigold was appointed a portfolio manager in 2007 and has been a municipal credit analyst of Eaton Vance for more than five years.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.36 1.58

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