2 / 5 Stars
3 2 2 2 4
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
1 / 5 Stars
#32 in High Yield Muni
U.S. News evaluated 40 High Yield Muni Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned -4.92 percent over the past year, 3.09 percent over the past three years, 7.31 percent over the past five years, and 4.53 percent over the past decade.
|Trailing Returns||Updated 10.31.2013|
|Year to date||-5.3%|
|3 Years (Annualized)||3.1%|
|5 Years (Annualized)||7.3%|
|10 Years (Annualized)||4.5%|
The investment seeks a high level of current income that is largely exempt from federal income tax, consistent with the preservation of capital. Under normal market conditions, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in municipal bonds. Normally, its investment subadvisor will primarily invest in medium and lower quality municipal securities, those rated, at time of purchase, A and below by Moody's Investors Service, Inc. (Moody's), Standard & Poor's Ratings Services (S&P), and Fitch Ratings (Fitch), or their unrated equivalents. The fund is non-diversified.
Fees are Above Average compared to funds in the same category.
John Hancock High Yield Municipal Bond Fund has an expense ratio of 0.87 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.