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Name

As of 11/22/2024

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

Floating Rate Income Fund

JFIAX | Fund

$7.68

$959 M

7.46%

$0.57

1.17%

Vitals

YTD Return

8.2%

1 yr return

9.9%

3 Yr Avg Return

6.1%

5 Yr Avg Return

5.4%

Net Assets

$959 M

Holdings in Top 10

8.7%

52 WEEK LOW AND HIGH

$7.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.17%

SALES FEES

Front Load 2.50%

Deferred Load N/A

TRADING FEES

Turnover 59.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/22/2024

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

Floating Rate Income Fund

JFIAX | Fund

$7.68

$959 M

7.46%

$0.57

1.17%

JFIAX - Profile

Distributions

  • YTD Total Return 8.2%
  • 3 Yr Annualized Total Return 6.1%
  • 5 Yr Annualized Total Return 5.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.71%
DIVIDENDS
  • Dividend Yield 7.5%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Floating Rate Income Fund
  • Fund Family Name
    John Hancock Group of Funds
  • Inception Date
    Jan 16, 2008
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Andrew Carlino

Fund Description

Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in floating-rate loans, which often include debt securities of domestic and foreign issuers that are rated below investment grade (rated below Baa by a nationally recognized statistical rating organization such as Moody’s Investors Service, Inc. or BBB by S&P Global Ratings), at the time of purchase, or are of comparable quality, as determined by the manager, and other floating-rate securities. Bonds that are rated at or below BB by S&P Global Ratings or Ba by Moody’s Investors Service, Inc. are considered junk bonds.The fund may invest in domestic and foreign loans and loan participations that pay interest at rates that float or reset periodically at a margin above a generally recognized base lending rate such as the Prime Rate, the Secured Overnight Financing Rate (SOFR), or another generally recognized base lending rate. Loans and debt instruments rated below investment grade are considered speculative. The fund may invest in loans of companies whose financial conditions are troubled or uncertain and that may be involved in bankruptcy proceedings, reorganizations, or financial restructurings. Some loans may be illiquid. The fund may also acquire and hold warrants and other equity interests. The fund may invest in loans, loan participations, and other securities of any maturity and duration. The fund may also invest in loans of any aggregate principal amount, which will vary from time to time.For purposes of reducing risk and/or improving liquidity, the fund may invest in derivative instruments such as options (including options on securities indexes) and swaps (including credit default swaps).The fund may invest in any number of issuers and may, at times, invest its assets in a small number of issuers. The fund may focus its investments in a particular sector or sectors of the economy. The fund’s investment process may result in a higher-than-average portfolio turnover ratio.
Read More

JFIAX - Performance

Return Ranking - Trailing

Period JFIAX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.2% -3.9% 10.2% 24.06%
1 Yr 9.9% -3.7% 14.4% 31.58%
3 Yr 6.1%* -6.8% 8.4% 28.02%
5 Yr 5.4%* -6.2% 38.4% 16.12%
10 Yr 3.8%* -2.2% 19.7% 43.72%

* Annualized

Return Ranking - Calendar

Period JFIAX Return Category Return Low Category Return High Rank in Category (%)
2023 3.9% -12.0% 11.1% 17.29%
2022 -10.4% -22.9% 5.1% 85.33%
2021 1.1% -12.2% 11.1% 45.85%
2020 -1.7% -14.1% 289.8% 24.28%
2019 3.2% -8.1% 7.5% 36.44%

Total Return Ranking - Trailing

Period JFIAX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.2% -3.9% 10.2% 24.06%
1 Yr 9.9% -3.7% 14.4% 31.58%
3 Yr 6.1%* -6.8% 8.4% 28.02%
5 Yr 5.4%* -6.2% 38.4% 16.12%
10 Yr 3.8%* -2.2% 19.7% 43.72%

* Annualized

Total Return Ranking - Calendar

Period JFIAX Return Category Return Low Category Return High Rank in Category (%)
2023 15.3% -12.0% 22.1% 5.64%
2022 -2.1% -22.9% 5.1% 44.40%
2021 5.9% -10.2% 11.1% 20.95%
2020 3.3% -14.1% 306.9% 12.35%
2019 8.8% -3.6% 10.5% 20.76%

NAV & Total Return History

JFIAX - Holdings

Concentration Analysis

JFIAX Category Low Category High JFIAX % Rank
Net Assets 959 M 29.9 M 13.5 B 40.77%
Number of Holdings 445 2 1977 29.46%
Net Assets in Top 10 94.5 M -191 M 2.37 B 54.65%
Weighting of Top 10 8.66% 5.2% 100.7% 86.77%

Top 10 Holdings

  1. SSC GOVERNMENT MM GVMXX 20301231 00001.0000000000 3.08%
  2. AVSC HOLDING CORP 2020 TERM LOAN B2 0.64%
  3. AMNEAL PHARMACEUTICALS LLC 2023 TERM LOAN B 0.64%
  4. MH SUB I LLC 2023 TERM LOAN 0.63%
  5. CURIUM BIDCO S A R L 2024 TERM LOAN B 0.63%
  6. MCAFEE LLC 2024 USD TERM LOAN B 0.62%
  7. CENTRAL PARENT INC 2024 TERM LOAN B 0.61%
  8. PERATON CORP TERM LOAN B 0.61%
  9. COTIVITI CORPORATION 2024 TERM LOAN 0.60%
  10. AQGEN ISLAND HOLDINGS INC. TERM LOAN 0.60%

Asset Allocation

Weighting Return Low Return High JFIAX % Rank
Bonds 		97.50% 0.00% 161.82% 24.81%
Cash 		3.17% -61.90% 16.36% 43.02%
Stocks 		0.62% 0.00% 100.74% 60.85%
Preferred Stocks 		0.00% -3.99% 7.30% 72.09%
Convertible Bonds 		0.00% 0.00% 5.51% 73.44%
Other 		-0.11% -52.39% 34.87% 95.74%

Stock Sector Breakdown

Weighting Return Low Return High JFIAX % Rank
Utilities 		0.00% 0.00% 100.00% 75.39%
Technology 		0.00% 0.00% 100.00% 6.28%
Real Estate 		0.00% 0.00% 48.61% 68.06%
Industrials 		0.00% 0.00% 100.00% 75.92%
Healthcare 		0.00% 0.00% 100.00% 67.02%
Financial Services 		0.00% 0.00% 89.61% 70.16%
Energy 		0.00% 0.00% 100.00% 48.17%
Communication Services 		0.00% 0.00% 100.00% 28.27%
Consumer Defense 		0.00% 0.00% 100.00% 75.39%
Consumer Cyclical 		0.00% 0.00% 97.66% 78.53%
Basic Materials 		0.00% 0.00% 1.36% 69.63%

Stock Geographic Breakdown

Weighting Return Low Return High JFIAX % Rank
US 		0.55% -0.01% 100.74% 60.47%
Non US 		0.07% 0.00% 0.68% 11.63%

Bond Sector Breakdown

Weighting Return Low Return High JFIAX % Rank
Corporate 		88.86% 0.00% 99.80% 60.16%
Cash & Equivalents 		3.17% 0.00% 25.03% 43.02%
Securitized 		1.31% 0.00% 91.68% 30.47%
Municipal 		0.00% 0.00% 0.47% 59.77%
Government 		0.00% 0.00% 3.18% 66.41%
Derivative 		-0.11% -10.96% 0.59% 97.67%

Bond Geographic Breakdown

Weighting Return Low Return High JFIAX % Rank
US 		90.06% 0.00% 124.50% 58.91%
Non US 		7.44% 0.00% 63.23% 27.91%

JFIAX - Expenses

Operational Fees

JFIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.17% 0.03% 5.51% 46.04%
Management Fee 0.67% 0.00% 1.89% 73.58%
12b-1 Fee 0.25% 0.00% 1.00% 41.79%
Administrative Fee N/A 0.02% 0.27% N/A

Sales Fees

JFIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.50% 1.00% 5.75% 74.07%
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

JFIAX 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.

JFIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 59.00% 4.00% 180.00% 48.15%

JFIAX - Distributions

Dividend Yield Analysis

JFIAX Category Low Category High JFIAX % Rank
Dividend Yield 7.46% 0.00% 11.13% 25.94%

Dividend Distribution Analysis

JFIAX Category Low Category High Category Mod
Dividend Distribution Frequency None Quarterly Monthly Monthly

Net Income Ratio Analysis

JFIAX Category Low Category High JFIAX % Rank
Net Income Ratio 3.71% 1.77% 9.82% 42.52%

Capital Gain Distribution Analysis

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

Distributions History

View More +

JFIAX - Fund Manager Analysis

Managers

Andrew Carlino

Start Date

Tenure

Tenure Rank

Aug 29, 2018

3.76

3.8%

Mr. Carlino joined Bain Capital Credit in 2002. He is a Managing Director and Portfolio Manager in Liquid Credit. Prior to his current role, Mr. Carlino was responsible for investments in the Airlines, Aerospace & Defense, and Homebuilding & Building Product sectors. Previously, Mr. Carlino was a consultant for The Boston Consulting Group and also an intelligence officer in the US Air Force. Mr. Carlino received an M.B.A. from The University of Chicago Booth Graduate School of Business and a B.S. from the United States Air Force Academy.

Kim Harris

Start Date

Tenure

Tenure Rank

Aug 29, 2018

3.76

3.8%

Ms. Harris joined Bain Capital Credit in 2000. She is a Managing Director and Portfolio Manager in Liquid Credit. She also oversees capital markets activities. Previously, Ms. Harris was a Senior Vice President at BankBoston where she was responsible for underwriting and investing in leveraged bank debt across a wide range of industries. Ms. Harris received an M.B.A. from the F.W. Olin Graduate School of Business at Babson College and a B.A. from Bates College.

Nate Whittier

Start Date

Tenure

Tenure Rank

Apr 01, 2019

3.17

3.2%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 21.18 6.07 3.25

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