JMBAX: John Hancock Funds Short Duration Credit Opportunities Fund - MutualFunds.com

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JHancock Short Duration Credit Opps A

JMBAX - Snapshot

Vitals

  • YTD Return -0.8%
  • 3 Yr Annualized Return 2.4%
  • 5 Yr Annualized Return 3.3%
  • Net Assets $666 M
  • Holdings in Top 10 42.7%

52 WEEK LOW AND HIGH

$9.51
$8.04
$9.63

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.22%

SALES FEES

  • Front Load 2.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 62.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification


Compare JMBAX to Popular Bond Sector Diversified Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$11.71

-0.09%

$125.18 B

5.66%

$0.67

-2.74%

1.09%

$10.05

0.00%

$32.57 B

3.34%

$0.34

0.80%

0.74%

$8.04

+0.13%

$18.31 B

4.04%

$0.33

-1.11%

0.79%

$9.81

-0.20%

$17.55 B

6.69%

$0.66

-8.49%

0.92%

$12.28

-0.08%

$15.03 B

2.63%

$0.33

0.00%

0.97%

JMBAX - Profile

Distributions

  • YTD Total Return -0.8%
  • 3 Yr Annualized Total Return 1.5%
  • 5 Yr Annualized Total Return 2.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.13%
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 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 -0.8% -38.9% 299.5% 47.19%
1 Yr 2.4% -30.9% 18.8% 56.45%
3 Yr 2.4%* -11.8% 8.1% 64.01%
5 Yr 3.3%* -15.5% 10.9% 68.20%
10 Yr 2.7%* -1.4% 11.8% 77.00%

* Annualized

Return Ranking - Calendar

Period JMBAX Return Category Return Low Category Return High Rank in Category (%)
2019 4.6% -35.1% 15.3% 51.09%
2018 -5.6% -48.0% 3.1% 58.87%
2017 0.9% -14.8% 11.2% 63.92%
2016 2.9% -11.2% 10.7% 50.29%
2015 -5.6% -51.1% 4.8% 58.54%

Total Return Ranking - Trailing

Period JMBAX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.8% -38.9% 299.5% 47.19%
1 Yr -0.1% -33.3% 18.8% 66.05%
3 Yr 1.5%* -13.6% 8.1% 74.52%
5 Yr 2.8%* -16.5% 10.9% 73.67%
10 Yr 2.4%* -1.4% 11.8% 80.83%

* Annualized

Total Return Ranking - Calendar

Period JMBAX Return Category Return Low Category Return High Rank in Category (%)
2019 4.6% -35.1% 15.3% 52.81%
2018 -5.6% -48.0% 8.0% 70.14%
2017 0.9% -14.8% 15.2% 77.84%
2016 2.9% -11.2% 17.7% 62.72%
2015 -5.2% -51.1% 5.4% 64.08%

NAV & Total Return History


JMBAX - Holdings

Concentration Analysis

JMBAX Category Low Category High JMBAX % Rank
Net Assets 666 M 2.71 M 125 B 47.59%
Number of Holdings 827 3 7722 31.00%
Net Assets in Top 10 152 M -3.22 B 29.7 B 42.22%
Weighting of Top 10 42.72% 4.9% 100.0% 27.30%

Top 10 Holdings

  1. Us 5yr Note (Cbt) Sep20 Xcbt 20200930 17.14%
  2. Us 5yr Note (Cbt) Sep20 Xcbt 20200930 17.14%
  3. Us 5yr Note (Cbt) Sep20 Xcbt 20200930 17.14%
  4. Us 5yr Note (Cbt) Sep20 Xcbt 20200930 17.14%
  5. Us 5yr Note (Cbt) Sep20 Xcbt 20200930 17.14%
  6. Us 5yr Note (Cbt) Sep20 Xcbt 20200930 17.14%
  7. Us 5yr Note (Cbt) Sep20 Xcbt 20200930 17.14%
  8. Us 5yr Note (Cbt) Sep20 Xcbt 20200930 17.14%
  9. Us 5yr Note (Cbt) Sep20 Xcbt 20200930 17.14%
  10. Us 5yr Note (Cbt) Sep20 Xcbt 20200930 17.14%

Asset Allocation

Weighting Return Low Return High JMBAX % Rank
Bonds
92.31% -256.79% 258.37% 41.28%
Cash
7.49% -164.01% 356.79% 34.78%
Convertible Bonds
0.25% 0.00% 160.39% 69.00%
Stocks
0.00% -65.68% 160.07% 60.67%
Preferred Stocks
0.00% 0.00% 28.52% 50.77%
Other
-0.04% -25.82% 100.67% 91.16%

Bond Sector Breakdown

Weighting Return Low Return High JMBAX % Rank
Corporate
37.61% 0.00% 99.47% 52.45%
Government
25.37% 0.00% 99.16% 22.44%
Securitized
16.73% 0.00% 99.91% 50.21%
Derivative
14.44% 0.00% 68.51% 12.34%
Cash & Equivalents
5.85% 0.00% 100.00% 57.64%
Municipal
0.00% 0.00% 41.64% 39.97%

Bond Geographic Breakdown

Weighting Return Low Return High JMBAX % Rank
US
56.88% -256.79% 241.12% 69.00%
Non US
35.43% -23.27% 123.13% 18.51%

JMBAX - Expenses

Operational Fees

JMBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.22% 0.01% 24.26% 48.39%
Management Fee 0.71% 0.00% 2.25% 71.43%
12b-1 Fee 0.30% 0.00% 1.00% 57.18%
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

JMBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.50% 0.00% 6.50% 81.38%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

JMBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.40% 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.

JMBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 62.00% 0.00% 493.00% 37.29%

JMBAX - Distributions

Dividend Yield Analysis

JMBAX Category Low Category High JMBAX % Rank
Dividend Yield 0.00% 0.00% 6.34% 9.47%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

JMBAX Category Low Category High JMBAX % Rank
Net Income Ratio 3.13% -1.55% 18.14% 66.13%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

JMBAX - Fund Manager Analysis

Managers

Peter Wilby


Start Date

Tenure

Tenure Rank

Nov 02, 2009

10.92

10.9%

Peter founded the team in 1989. Prior to founding Stone Harbor in 2006, Peter was Chief Investment Officer of North American Fixed Income at Citigroup Asset Management, as well as a member of Citigroup Asset Management’s Executive Committee. Additionally, he served as Senior Portfolio Manager responsible for directing investment policy and strategy for all Emerging Markets Debt and High Yield portfolios. Peter was the Head of Fixed Income, a Senior Portfolio Manager for Emerging Markets Debt and High Yield, and a member of the Investment Policy Committee at Salomon Brothers Asset Management. Earlier in his career Peter was at Prudential Investment Co. where he was a Fixed Income Portfolio Manager specializing in High Yield Debt securities and also Director of the Credit Research Unit, responsible for all Corporate and Sovereign Credit Research. He began his career at Deloitte, Haskin & Sells where he served in the Audit and Tax Department. He is a Certified Public Accountant and member of the CFA Institute, the CFA Society New York, and the Council on Foreign Relations. He attained a BBA and MBA in Accounting from Pace University.

Roger Lavan


Start Date

Tenure

Tenure Rank

Nov 02, 2009

10.92

10.9%

Roger joined the team in 1990. Prior to joining Stone Harbor, he served as a Managing Director and Senior Portfolio Manager responsible for US Governments, Mortgages and Asset-Backed Securities at Citigroup Asset Management. Roger served as an Investment Policy Committee Member at Salomon Brothers Asset Management and as a research analyst for Institutional Investment Grade Fixed Income for Salomon Brothers Inc. He is a member of the CFA Institute and the CFA Society New York. Roger attained a BS in Management from the State University of New York at Geneseo and an MBA from Fordham University.

Catherine Nolan


Start Date

Tenure

Tenure Rank

Nov 02, 2009

10.92

10.9%

Catherine joined the team in 2001. Prior to joining Stone Harbor, Catherine served as a Managing Director and Senior Analyst at Citigroup Asset Management evaluating bank loans and high yield securities and had research responsibilities for industrials, housing-related, technology, automotive and industrial services, and financial services industries. Prior to Citigroup, she served as a Managing Director and Senior High Yield Credit Analyst for Credit Suisse Asset Management/DLJ Asset Management. Additionally, Catherine served as an Associate Director and Senior High Yield Credit Analyst for Bear Stearns Asset Management. She began her career at Prudential Investment Co./The Prudential Insurance Company of America as a Fixed Income and Distressed Securities Analyst. Catherine attained a BA in Economics from the University of California-Berkeley and an MBA in Finance and Accounting from Columbia University.

Stuart Sclater-Booth


Start Date

Tenure

Tenure Rank

Dec 31, 2018

1.75

1.8%

Stuart joined the team in 2014. Prior to joining Stone Harbor, Stuart served as Managing Director/Head of Emerging Markets Desk Strategy at Goldman Sachs. Previously, Stuart served as Executive Director/Global Head of EM Macro Strategy at JP Morgan Chase Securities. While at JP Morgan Chase Securities, he also served in a series of roles, including Executive Director of Emerging Markets Proprietary Trading and Vice President/Head of Trade Strategy. Earlier in his career, Stuart was a Research Assistant in the U.S. Macro Research Department at PaineWebber and an Assistant Economist in the Domestic Research Department at the Federal Reserve Bank of New York. Stuart attained a BA in Economics from Vassar College and an MA in Economics from Boston University.

Hunter Schwarz


Start Date

Tenure

Tenure Rank

Dec 31, 2018

1.75

1.8%

Hunter joined the team in 2003. Prior to joining Stone Harbor, Hunter served as a Fixed Income Trade Support Analyst for Citigroup Asset Management where he was responsible for evaluating high yield securities in the aerospace, defense, and healthcare industries. Prior to Citigroup Asset Management, Hunter served as an Associate in the Structured Products Group at Deutsche Bank. He attained a BS in Marketing from Lehigh University.

Matthew Kearns


Start Date

Tenure

Tenure Rank

Dec 31, 2018

1.75

1.8%

Matthew joined the team in 1997. Prior to joining Stone Harbor, Matthew served as an Analyst at Citigroup Asset Management evaluating corporate securities where he was responsible for covering the broadcasting, entertainment/leisure, towers, publishing, chemicals and utilities industries. He is a member of the CFA Institute and attained a BS in Economics and Political Science from Duke University.

David Torchia


Start Date

Tenure

Tenure Rank

Dec 31, 2018

1.75

1.8%

David joined the team in 1990. Prior to joining Stone Harbor, David served as Managing Director and Senior Portfolio Manager responsible for directing investment policy and strategy for all Investment Grade U.S. Fixed Income Portfolios at Citigroup Asset Management. David 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.

William Perry


Start Date

Tenure

Tenure Rank

Dec 31, 2018

1.75

1.8%

William joined the team in 2012. Prior to joining Stone Harbor, William served as an Emerging Markets Corporate Portfolio Manager at Morgan Stanley Investment Management. Prior to Morgan Stanley, William served as a Managing Director/Portfolio Manager in the Global Special Opportunities Group for Latin American Special Situations at JPMorgan/Chase. While at JPMorgan, he also served in a series of roles including Credit Risk Manager for the Global Head of Emerging Markets, Co-Head of Emerging Markets Corporate Research, and as a Vice President for Global Emerging Markets Debt Restructuring, and Latin American Capital Market. Prior to JPMorgan, William served as a Senior Associate in the Investment Banking Group at Bank of America Securities Inc. William began his career as an Associate in the Petroleum Division at Irving Trust Company. He attained a BA in International Relations and Economics from Colgate University and an MBA in Finance from the Columbia Business School.

David Oliver


Start Date

Tenure

Tenure Rank

Dec 31, 2018

1.75

1.8%

David joined the team in 2008. Prior to joining Stone Harbor, David served as a Managing Director for Sales and Trading in Emerging Markets Debt at Citigroup Global Markets. He is a member of the CFA Institute and the CFA Society New York. He attained a BA from Northwestern University, MA from the University of Delaware, and MBA from the Tuck School of Business at Dartmouth College.

Kumaran Damodaran


Start Date

Tenure

Tenure Rank

Dec 31, 2018

1.75

1.8%

Kumaran joined the team in 2015. Prior to joining Stone Harbor, Kumaran served as the Lead Emerging Markets Macro Portfolio Manager at GLG Partners in London. Previously, he worked as an Executive Vice President and Emerging Markets Portfolio Manager at PIMCO in Newport Beach. Prior to PIMCO, Kumaran was a Senior Vice President and Trader in Latin American Local Market Rates at Lehman Brothers in New York. Additionally, he served as a Director at Credit Suisse where he held various positions in Emerging Markets Credit, Rates & Currency Derivatives Trading in both London and New York. As a Marshall Scholar and National Science Foundation Graduate Fellow at Cambridge University, Kumaran attained a PhD in Theoretical Physics. He also has an A.B. in Physics with a Certificate in Applied and Computational Mathematics from Princeton University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 29.4 5.39 1.75