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JMBAX JHancock Short Duration Credit Opps A

  • Fund
  • JMBAX
  • Price as of: Jul 19, 2019
  • $9.56 - $0.01 - 0.10%
  • Category
  • Total Bond Market

JMBAX - Profile

Vitals

  • YTD Return 4.4%
  • 3 Yr Annualized Return -0.1%
  • 5 Yr Annualized Return -1.4%
  • Net Assets $890 M
  • Holdings in Top 10 68.0%

52 WEEK LOW AND HIGH

$9.56
$9.14
$9.58

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 4.5%
  • 3 Yr Annualized Total Return -0.1%
  • 5 Yr Annualized Total Return -1.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.30%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 Peter J. Wilby

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 (%)
YTD 4.4% -3.8% 13.0% 49.04%
1 Yr 0.8% -10.0% 8.4% 78.59%
3 Yr -0.1%* -4.2% 4.6% 42.88%
5 Yr -1.4%* -8.5% 23.6% 90.55%
10 Yr N/A* -7.3% 26.2% N/A

* Annualized


Return Ranking - Calendar

Period JMBAX Return Category Return Low Category Return High Rank in Category (%)
2018 -5.6% -22.2% 3.1% 85.71%
2017 0.9% -5.1% 25.1% 53.13%
2016 2.9% -8.5% 192.8% 13.65%
2015 -5.6% -33.0% 3.0% 87.53%
2014 -2.5% -29.8% 32.1% 93.16%

Total Return Ranking - Trailing

Period JMBAX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.5% -3.8% 13.0% 48.04%
1 Yr 0.9% -10.0% 9.9% 81.89%
3 Yr -0.1%* -4.2% 6.8% 55.88%
5 Yr -1.3%* -8.2% 28.6% 93.63%
10 Yr N/A* -7.3% 26.4% N/A

* Annualized


Total Return Ranking - Calendar

Period JMBAX Return Category Return Low Category Return High Rank in Category (%)
2018 -5.6% -22.2% 7.9% 88.88%
2017 0.9% -4.6% 25.1% 61.84%
2016 2.9% -4.1% 204.3% 23.16%
2015 -5.2% -32.4% 4.2% 88.63%
2014 -2.5% -29.8% 32.1% 95.91%

NAV & Total Return History

JMBAX - Holdings

Concentration Analysis

JMBAX Category Low Category High JMBAX % Rank
Net Assets 890 M 330 K 229 B 57.91%
Number of Holdings 844 3 17343 28.79%
Net Assets in Top 10 534 K -28.8 B 32.2 B 96.48%
Weighting of Top 10 68.01% 4.0% 1674.7% 14.30%

Top 10 Holdings

  1. Bp9fdcsl7 Cds Usd P F 1.00000 Cdx Ig Cdsi S32 Ccp-Ice 14.91%

  2. Bp9fdcsl7 Cds Usd R V 00mevent 14.70%

  3. US Ultra Bond (CBT) Sept19 7.40%

  4. Us 5yr Note (Cbt) Sep19 Xcbt 20190930 6.39%

  5. Bp9fdcsr4 Cds Usd P F 5.00000 Fix Ccpcdx 5.93%

  6. Bp9fdcsr4 Cds Usd R V 03mevent Flo Ccpcdx 5.67%

  7. Us 2yr Note (Cbt) Sep19 Xcbt 20190930 4.13%

  8. Bp9fdcsu7 Cds Usd R V 03mevent Flo Ccpcds 3.14%

  9. Bp9fdcsu7 Cds Usd P F 1.00000 Fix Ccpcds 2.98%

  10. Us 10yr Note (Cbt)sep19 Xcbt 20190919 2.75%


Asset Allocation

Weighting Return Low Return High JMBAX % Rank
Bonds
95.17% 0.00% 394.27% 49.60%
Cash
4.69% -539.21% 70.47% 42.42%
Convertible Bonds
0.08% 0.00% 18.42% 76.20%
Stocks
0.03% -3.42% 96.77% 21.01%
Other
0.02% -98.58% 236.55% 18.55%
Preferred Stocks
0.00% 0.00% 20.33% 58.71%

Stock Sector Breakdown

Weighting Return Low Return High JMBAX % Rank
Consumer Cyclical
0.03% -0.18% 9.63% 19.73%
Utilities
0.00% -0.05% 8.49% 49.03%
Technology
0.00% -0.35% 12.99% 45.04%
Real Estate
0.00% -0.04% 11.09% 46.73%
Industrials
0.00% -0.15% 12.95% 49.88%
Healthcare
0.00% -0.20% 10.55% 45.76%
Financial Services
0.00% -0.01% 19.01% 51.45%
Energy
0.00% 0.00% 11.26% 57.26%
Communication Services
0.00% -0.05% 4.01% 47.82%
Consumer Defense
0.00% -0.18% 10.56% 42.37%
Basic Materials
0.00% 0.00% 7.19% 45.16%

Stock Geographic Breakdown

Weighting Return Low Return High JMBAX % Rank
US
0.03% -4.95% 59.49% 17.95%
Non US
0.00% -0.18% 91.88% 44.28%

Bond Sector Breakdown

Weighting Return Low Return High JMBAX % Rank
Corporate
55.84% 0.00% 127.23% 13.76%
Securitized
23.81% 0.00% 103.00% 71.81%
Government
15.50% -74.72% 316.66% 58.18%
Cash & Equivalents
4.69% -532.79% 70.33% 37.70%
Municipal
0.00% 0.00% 102.07% 72.67%
Derivative
-0.30% -234.33% 48.69% 91.56%

Bond Geographic Breakdown

Weighting Return Low Return High JMBAX % Rank
US
57.00% 0.00% 219.16% 88.83%
Non US
38.17% -41.14% 244.34% 5.12%

JMBAX - Expenses

Operational Fees

JMBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.18% 0.00% 38.42% 27.48%
Management Fee 0.70% 0.00% 2.15% 91.69%
12b-1 Fee 0.30% 0.00% 1.00% 59.60%
Administrative Fee N/A 0.00% 0.63% N/A

Sales Fees

JMBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.50% 0.50% 5.75% 65.93%
Deferred Load N/A 0.15% 5.50% N/A

Trading Fees

JMBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 68.00% 0.00% 2337.00% 42.65%

JMBAX - Distributions

Dividend Yield Analysis

JMBAX Category Low Category High JMBAX % Rank
Dividend Yield 0.02% 0.00% 8.86% 30.25%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

JMBAX Category Low Category High JMBAX % Rank
Net Income Ratio 3.30% -2.82% 7.22% 17.76%

Capital Gain Distribution Analysis

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

JMBAX - Managers

Peter J. Wilby

Manager

Start Date

Tenure

Tenure Rank

Nov 02, 2009

9.66

9.7%

Wilby has served as, since December 2018, Co-Chief Investment Officer of Stone Harbor. From April 2006 to December 2018, Wilby was Chief Investment Officer of Stone Harbor. 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

Tenure

Tenure Rank

Nov 02, 2009

9.66

9.7%

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 Salomon Brothers Asset Management Inc. since 1990; Began business career in 1985.


Catherine M. Nolan

Manager

Start Date

Tenure

Tenure Rank

Nov 02, 2009

9.66

9.7%

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.


James E. Craige

Manager

Start Date

Tenure

Tenure Rank

Nov 02, 2009

9.66

9.7%

James E. Craige, Since December 2018, Co-Chief Investment Officer of Stone Harbor; From April 2006 to December 2018, Portfolio Manager of Stone Harbor; 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.


William W. Perry

Manager

Start Date

Tenure

Tenure Rank

Jan 04, 2019

0.48

0.5%

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.


Stuart Sclater-Booth

Manager

Start Date

Tenure

Tenure Rank

Jan 04, 2019

0.48

0.5%

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

Tenure

Tenure Rank

Jan 04, 2019

0.48

0.5%


Matthew Kearns

Manager

Start Date

Tenure

Tenure Rank

Jan 04, 2019

0.48

0.5%


David A. Torchia

Manager

Start Date

Tenure

Tenure Rank

Jan 04, 2019

0.48

0.5%

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.


David A. Oliver

Manager

Start Date

Tenure

Tenure Rank

Jan 04, 2019

0.48

0.5%

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.


Tenure Analysis

Category Low

0.0

Category High

30.51

Category Average

6.95

Category Mode

7.12