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Name

As of 09/05/2024

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 Dynamic Municipal Bond ETF

JHMU | Active ETF

$26.63

$22.6 M

3.99%

$1.06

1.57%

Vitals

YTD Return

3.8%

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$22.6 M

Holdings in Top 10

24.4%

52 WEEK LOW AND HIGH

$26.6
$25.16
$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 09/05/2024

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 Dynamic Municipal Bond ETF

JHMU | Active ETF

$26.63

$22.6 M

3.99%

$1.06

1.57%

JHMU - Profile

Distributions

  • YTD Total Return 3.8%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.89%
DIVIDENDS
  • Dividend Yield 4.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    John Hancock Dynamic Municipal Bond ETF
  • Fund Family Name
    John Hancock Group of Funds
  • Inception Date
    Nov 02, 2023
  • Shares Outstanding
    550000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Joel Schneider

Fund Description

The fund is an 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 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 3.8% 0.0% 27.5% 96.67%
1 Yr N/A 2.7% 35.2% 1.61%
3 Yr N/A* -12.1% 13.8% 1.61%
5 Yr N/A* -9.7% 9.5% 3.33%
10 Yr N/A* -2.9% 9.9% 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 3.8% 0.0% 27.5% 96.67%
1 Yr N/A 2.7% 35.2% 1.59%
3 Yr N/A* -12.1% 13.8% 12.90%
5 Yr N/A* -9.7% 9.5% 8.33%
10 Yr N/A* -2.9% 9.9% 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 22.6 M 14.9 M 11.9 B 95.00%
Number of Holdings 90 18 220 11.67%
Net Assets in Top 10 5.54 M 5.54 M 8.18 B 100.00%
Weighting of Top 10 24.41% 24.4% 71.1% 100.00%

Top 10 Holdings

  1. CITY OF NEW YORK NY NYC 08/27 FIXED 5 2.72%
  2. SALES TAX SECURITIZATION CORP STSGEN 01/37 FIXED 5 2.57%
  3. PORT OF SEATTLE WA PTSGEN 08/29 FIXED 5 2.56%
  4. SPORTS and EXHIBITION AUTHORITY PITFAC 02/31 FIXED 5 2.45%
  5. WESTERN CAROLINA UNIVERSITY WESHGR 04/32 FIXED 5 2.42%
  6. FLORIDA DEVELOPMENT FINANCE CO FLSDEV 04/27 FIXED 5 2.41%
  7. CITY OF CLEVELAND OH CLECTF 11/28 FIXED 5 2.35%
  8. STATE OF CONNECTICUT CTS 01/33 FIXED 4 2.33%
  9. CITY OF SALT LAKE CITY UT AIRP SALAPT 07/31 FIXED 5 2.31%
  10. RAVENNA METROPOLITAN DISTRICT RAVGEN 12/43 FIXED 5 2.28%

Asset Allocation

Weighting Return Low Return High JHMU % Rank
Bonds 		101.27% 0.00% 101.27% 1.67%
Cash 		1.63% -15.47% 31.10% 38.33%
Stocks 		0.00% 0.00% 115.46% 100.00%
Preferred Stocks 		0.00% 0.00% 0.03% 98.33%
Other 		0.00% -33.23% 0.81% 81.67%
Convertible Bonds 		0.00% 0.00% 0.00% 98.33%

Bond Sector Breakdown

Weighting Return Low Return High JHMU % Rank
Cash & Equivalents 		1.63% 0.00% 100.00% 41.67%
Derivative 		0.00% -0.03% 0.03% 81.67%
Securitized 		0.00% 0.00% 0.00% 98.31%
Corporate 		0.00% 0.00% 91.39% 98.31%
Municipal 		0.00% 0.00% 0.00% 98.31%
Government 		0.00% 0.00% 0.00% 98.31%

Bond Geographic Breakdown

Weighting Return Low Return High JHMU % Rank
US 		101.27% 0.00% 101.27% 1.67%
Non US 		0.00% 0.00% 1.37% 98.33%

JHMU - Expenses

Operational Fees

JHMU Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.57% 0.08% 2.50% 23.33%
Management Fee 0.32% 0.03% 1.00% 10.00%
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% 209.00% 57.89%

JHMU - Distributions

Dividend Yield Analysis

JHMU Category Low Category High JHMU % Rank
Dividend Yield 3.99% 0.00% 9.34% 100.00%

Dividend Distribution Analysis

JHMU Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Quarterly

Net Income Ratio Analysis

JHMU Category Low Category High JHMU % Rank
Net Income Ratio 2.89% 0.31% 7.85% 13.33%

Capital Gain Distribution Analysis

JHMU Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

Distributions History

View More +

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 10.19 8.09

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