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JMBAX JHancock Short Duration Credit Opps A

  • Fund
  • JMBAX
  • Price as of: Jan 18, 2019
  • $9.31
  • + $0.01
  • + 0.11%
  • Category
  • Total Bond Market

JMBAX - Profile

Vitals

  • YTD Return 1.6%
  • 3 Yr Annualized Return 2.6%
  • 5 Yr Annualized Return 1.3%
  • Net Assets $859 M
  • Holdings in Top 10 32.9%

52 WEEK LOW AND HIGH

$9.31
$9.14
$9.76

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.18%

SALES FEES

  • Front Load 2.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 68.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$1,000

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Multisector Bond

Distributions

  • YTD Total Return 1.6%
  • 3 Yr Annualized Total Return 1.8%
  • 5 Yr Annualized Total Return 0.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.30%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name John Hancock Funds Short Duration Credit Opportunities Fund
  • Fund Family Name John Hancock
  • Inception Date Nov 02, 2009
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Catherine M. Nolan

Fund Description

The fund will normally invest in a portfolio of fixed-income securities. Under normal circumstances, it will invest at least 80% of its assets in bonds and related investments and maintain an average portfolio duration of approximately three years or less. The fund may invest in securities of any duration and maturity. Duration is an approximate measure of the sensitivity of a fixed-income security to interest-rate risk.

JMBAX - Performance

Return Ranking - Trailing

Period JMBAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.6% -30.9% 14.2% 9.43% 1
1 Yr -2.1% -17.9% 21.5% 82.48% 5
3 Yr 2.6% * -6.1% 13.4% 24.94% 2
5 Yr 1.3% * -3.2% 14.8% 69.54% 4
10 Yr N/A * -0.7% 11.3% N/A N/A

* Annualized


Return Ranking - Calendar

Period JMBAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -5.6% -36.6% 9.9% 59.39% 5
2017 0.9% -11.1% 25.1% 34.80% 3
2016 2.9% -13.3% 192.8% 9.49% 1
2015 -5.6% -33.0% 20.8% 60.02% 5
2014 -2.5% -9.3% 20.7% 61.73% 5

Total Return Ranking - Trailing

Period JMBAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.6% -100.0% 14.2% 9.43% 1
1 Yr -4.6% -17.9% 21.5% 84.84% 5
3 Yr 1.8% * -7.0% 13.4% 46.50% 3
5 Yr 0.7% * -3.8% 14.8% 81.82% 5
10 Yr N/A * -0.7% 11.3% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period JMBAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -5.6% -36.6% 9.9% 60.15% 5
2017 0.9% -11.1% 25.1% 35.83% 3
2016 2.9% -9.0% 195.3% 18.39% 2
2015 -5.2% -32.5% 58.5% 70.05% 5
2014 -2.5% -8.3% 58.3% 72.74% 5

NAV & Total Return History

JMBAX - Holdings

Filings data as of: Nov 30, 2018

Concentration Analysis

JMBAX Category Low Category High JMBAX % Rank Quintile
Net Assets 859 M 319 K 201 B 16.07% 3
Number of Holdings 811 1 17326 8.70% 2
Net Assets in Top 10 -2.61 M -36 B 52.1 B 34.49% 5
Weighting of Top 10 32.9% 0.0% 1093.9% 14.85% 3

Top 10 Holdings

  1. Us Ultra Bond Cbt Mar19 Xcbt 20190320 6.39%
  2. Us 5yr Note (Cbt) Mar19 Xcbt 20190329 6.12%
  3. Us 10yr Note (Cbt)mar19 Xcbt 20190320 5.06%
  4. Us 2yr Note (Cbt) Mar19 Xcbt 20190329 4.04%
  5. Bp9u1r711 Cds Usd P F 5.00000 Fix Ccpcdx 3.61%
  6. Bp9u1r711 Cds Usd R V 03mevent Flo Ccpcdx 3.45%
  7. Bp9u1r7q6 Cds Eur P F 5.00000 20231220 Cds Citi Ccp S 1.53%
  8. Bp9u1r7q6 Cds Eur R V 03mlibor 20231220 Cds Citi Ccp L 1.42%
  9. Hudson's Bay Simon JV Trust 4.14% 0.70%
  10. Cht Mortgage Trust 3.24% 0.55%

Asset Allocation

Weighting Category Low Category High JMBAX % Rank Quintile
Bonds
93.67% -175.98% 562.01% 16.23% 3
Cash
4.95% -461.99% 275.92% 15.36% 3
Other
1.17% -147.74% 99.99% 5.85% 1
Stocks
0.12% -2.63% 98.80% 5.34% 1
Convertible Bonds
0.09% 0.00% 13.10% 8.70% 3
Preferred Stocks
0.00% 0.00% 20.37% 6.97% 4

Stock Sector Breakdown

Weighting Category Low Category High JMBAX % Rank Quintile
Utilities
0.05% -0.88% 9.04% 4.52% 1
Consumer Cyclical
0.05% -0.36% 12.30% 4.91% 1
Industrials
0.01% -0.14% 11.47% 5.39% 2
Technology
0.00% -1.56% 21.00% 5.00% 4
Real Estate
0.00% -0.15% 14.09% 4.81% 4
Healthcare
0.00% -0.69% 18.80% 4.23% 4
Financial Services
0.00% -0.22% 20.52% 6.83% 4
Energy
0.00% -0.88% 10.52% 5.29% 4
Communication Services
0.00% -0.07% 4.28% 4.23% 4
Consumer Defense
0.00% -0.17% 11.91% 4.23% 4
Basic Materials
0.00% -0.43% 8.20% 4.52% 4

Stock Geographic Breakdown

Weighting Category Low Category High JMBAX % Rank Quintile
US
0.12% -2.63% 96.34% 4.88% 1
Non US
0.00% -0.82% 94.72% 3.10% 4

Bond Sector Breakdown

Weighting Category Low Category High JMBAX % Rank Quintile
Corporate
57.12% 0.00% 221.70% 4.93% 1
Securitized
22.69% 0.00% 118.59% 21.52% 4
Government
14.23% -389.49% 503.27% 20.09% 3
Cash & Equivalents
4.95% -462.00% 275.92% 15.46% 3
Municipal
0.00% 0.00% 96.08% 12.36% 5
Derivative
-0.26% -144.01% 239.83% 5.19% 5

Bond Geographic Breakdown

Weighting Category Low Category High JMBAX % Rank Quintile
US
58.33% -370.09% 500.82% 27.26% 5
Non US
35.34% -190.38% 351.70% 3.05% 1

JMBAX - Expenses

Operational Fees

JMBAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.18% 0.00% 44.72% 8.24% 4
Management Fee 0.70% 0.00% 2.15% 1.42% 5
12b-1 Fee 0.30% 0.00% 1.00% 1.82% 3
Administrative Fee N/A 0.00% 0.63% N/A N/A

Sales Fees

JMBAX Fees (% of AUM) Category Low Category High JMBAX Rank Quintile
Front Load 2.50% 0.00% 5.75% 3.80% 2
Deferred Load N/A 0.15% 5.50% N/A N/A

Trading Fees

JMBAX Fees (% of AUM) Category Low Category High JMBAX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover 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.

JMBAX Fees (% of AUM) Category Low Category High JMBAX Rank Quintile
Turnover 68.00% 0.00% 1576.00% 12.92% 3

JMBAX - Distributions

Dividend Yield Analysis

JMBAX Category Low Category High JMBAX % Rank Quintile
Dividend Yield 0.4% 0.00% 1.75% 10.11% 1

Dividend Distribution Analysis

JMBAX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

JMBAX Category Low Category High JMBAX % Rank Quintile
Net Income Ratio 3.30% -1.56% 7.22% 6.77% 1

Capital Gain Distribution Analysis

JMBAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

JMBAX - Managers

Catherine M. Nolan

Manager

Start Date

Nov 02, 2009

Tenure

9.17

Tenure Rank

3.6%

Catherine M. Nolan, portfolio Manager of Stone Harbor since April 2006. Prior to April 2006, Managing Director and Senior Analyst at Citigroup Asset Management (2001-2006), Director , Senior Vice President and Senior High Yield Credit Analyst at Credit Suisse Asset Management/DLJ Asset Management, Associate Director and Senior High Yield Credit Analyst for Bear Sterns Asset Management.


Peter J. Wilby

Manager

Start Date

Nov 02, 2009

Tenure

9.17

Tenure Rank

3.6%

Wilby has served as chief investment officer of Stone Harbor since April 2006. Prior to April 2006, Mr. Wilby was the Chief Investment Officer of North American Fixed Income and senior portfolio manager responsible for directing investment policy and strategy for all emerging markets and high yield fixed income portfolios at Citigroup Asset Management. Wilby holds the Chartered Financial Analyst designation. Wilby began business career in 1980.


Roger M. Lavan

Manager

Start Date

Nov 02, 2009

Tenure

9.17

Tenure Rank

3.6%

Roger M. Lavan, CFA Since April 2006, Portfolio Manager of Stone Harbor; Prior to April 2006, Managing Director and senior portfolio manager responsible for U.S. governments, mortgages and asset-backed securities at Citigroup Asset Management; Joined Citigroup or its predecessor firms in 1987.


Marianne Rossi

Manager

Start Date

Dec 31, 2010

Tenure

8.01

Tenure Rank

4.4%

Since June 2010, Portfolio Manager of Stone Harbor; From October 2007 to June 2010, Senior Portfolio Manager for US and global high yield strategies at Fischer Francis Tree & Watts/BNP Paribas Asset Management; From December 2006 to October 2007, Chief Investment Officer, Head of Global High Yield and Senior Portfolio Manager at BNY Asset Management; Prior to December 2006; Head of Global High Yield and Senior Portfolio Manager at UBS Global Asset Management; Joined UBS Global Asset Management in 2000.


James E. Craige

Manager

Start Date

Nov 02, 2009

Tenure

9.17

Tenure Rank

3.6%

James E. Craige, Portfolio Manager of the Stone Harbor Investment Partners LP since April 2006, Prior to April 2006, Managing Director and Senior Portfolio Manager for emerging markets debt portfolios at Salomon Brothers Asset Management Inc.; Joined Salomon Brothers Asset Management Inc. in 1992. Craige holds the Chartered Financial Analyst designation.


David A. Oliver

Manager

Start Date

Jan 04, 2019

Tenure

0.0

Tenure Rank

10.6%

David Oliver, executive director, is a member of the Global Fixed Income, Currency & Commodities (GFICC) group. An employee since 1989, David is responsible for the management and trading of investment grade and single currency market strategies for private high net worth investors. Previously, David was a portfolio manager for credit strategies, liquidity funds and Libor-based strategies. He has also worked in the Fixed Income Trading Department, primarily responsible for government, corporate and structured products.


William W. Perry

Manager

Start Date

Jan 04, 2019

Tenure

0.0

Tenure Rank

10.6%

Since September 2012, Portfolio Manager of Stone Harbor; From August 2010 to August 2012, Emerging Markets Corporate Portfolio Manager at Morgan Stanley Investment Management; Prior to 2010, Managing Director/ Portfolio Manager in the Global Special Opportunities Group for Latin American Special Situations at JPMorgan Chase. 28 years of industry experience.


Kumaran K. Damodaran

Manager

Start Date

Jan 04, 2019

Tenure

0.0

Tenure Rank

10.6%

Since September 2015, Portfolio Manager of Stone Harbor; Prior to joining Stone Harbor, Lead Emerging Markets Macro Portfolio Manager for GLG Partners from 2012 to 2015. From 2008 to 2012, Executive Vice President and Emerging Markets Portfolio Manager at PIMCO. Prior to PIMCO, Senior Vice President and Trader in Latin American Local Market Rate Derivatives at Lehman Brothers for over five years.


Stuart Sclater-Booth

Manager

Start Date

Jan 04, 2019

Tenure

0.0

Tenure Rank

10.6%

Stuart Sclater-Booth, Portfolio Manager of Stone Harbor since June 2014. Prior to joining Stone Harbor Managing Director and head of Emerging Markets Debt strategy for Goldman Sachs from August 2009-2010 and June 2011 to June 2014; Executive Director- Global Head of Emerging Markets Macro Strategy, Executive Director – Emerging Markets Proprietary Trading, Vice President, Head of Trade Strategy for JP Morgan Chase Securities from March 1998 - March 2009 and August 2010 - June 2011.


Hunter C. Schwarz

Manager

Start Date

Jan 04, 2019

Tenure

0.0

Tenure Rank

10.6%

N/A


Matthew Kearns

Manager

Start Date

Jan 04, 2019

Tenure

0.0

Tenure Rank

10.6%

N/A


David A. Torchia

Manager

Start Date

Jan 04, 2019

Tenure

0.0

Tenure Rank

10.6%

David Torchia, Portfolio Manager of Stone Harbor Investment Partners LP . Prior to joining Stone Harbor in April 2006, Mr. Torchia served as Managing Director and Senior Portfolio Manager responsible for directing investment policy and strategy for all Investment Grade US Fixed Income Portfolios at Citigroup Asset Management. Mr. Torchia served as an Investment Policy Committee Member at Salomon Brothers Asset Management and as a Manager of Structured Portfolios for the Bond Portfolio Analysis Group at Salomon Brothers Inc. He attained a BS in Industrial Engineering from the University of Pittsburgh and an MBA in Finance from Lehigh University.


Tenure Analysis

Category Low

0.0

Category High

29.9

Category Average

6.62

Category Mode

0.7