Fund Evaluator:
JHancock Floating Rate Income I (JFIIX)
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Best Performing in Bank Loan Over the Last Year
| 5.4% | Fidelity Advisor Floating Rate Hi Inc Z (FIQSX) |
| 5.3% | Fidelity Floating Rate High Income (FFRHX) |
| 4.9% | American Beacon DoubleLine Fltng Rt Inv (ADLPX) |
| 4.9% | Aristotle Floating Rate Income I-2 (PLFDX) |
| 4.7% | American Beacon DoubleLine Fltng Rt C (ADLCX) |
Fund Details
JHancock Floating Rate Income I Overview
JHancock Floating Rate Income I (JFIIX) is an actively managed Taxable Bond Bank Loan fund. John Hancock launched the fund in 2008.
The investment seeks a high level of current income. 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, 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 non-investment grade.
About JHancock Floating Rate Income I (JFIIX)
There are 3 members of the management team with an average tenure of 3.47 years: Nate Whittier (2019), Grayson Allison (2025), Daniel Shugrue (2025). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and Morningstar LSTA US LL Index TR USD index with a weighting of 100%. JHancock Floating Rate Income I has 471 securities in its portfolio. The top 10 holdings constitute 6.8% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
JHancock Floating Rate Income I is part of the Fixed Income global asset class and is within the Taxable Bond fund group. JHancock Floating Rate Income I has 33.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.9%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 96.0% (62.2% domestic bond, 33.8% foreign bond and 0.3% convertible bond). JHancock Floating Rate Income I has 2.8% of the portfolio in cash.
Assets Under Management
The fund has $140 million in total assets, which is below the $344 million average for the Bank Loan category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
JFIIX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The JHancock Floating Rate Income I expense ratio is above average compared to funds in the Bank Loan category. JHancock Floating Rate Income I has an expense ratio of 0.78%, which is 26% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. JHancock Floating Rate Income I has a portfolio turnover rate of 48%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Bank Loan category.
Recently, in the month of July 2026, JHancock Floating Rate Income I returned 0.5%, which earned it a grade of D, as the Bank Loan category had an average return of 0.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
JHancock Floating Rate Income I has a trailing yield of 6.51%, which is below the 6.73% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
JHancock Floating Rate Income I Grades
Year to date, the fund has returned 1.3%, 0.7 percentage points worse than the category, which translates into a grade of F. The fund has returned 2.7% over the past year (grade of F), 6.4% over the past three years (grade of D) and 5.0% per year over the past five years (grade of D) and 4.6% per year over the past 10 years (grade of B).
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JFIIX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| JFIIX Return (NAV) | 0.5% | 1.2% | 2.7% | 6.4% | 5.0% | 4.6% |
| JFIIX Grade | D | C | F | D | D | B |
| +/- Category | -0.0% | 0.0% | -1.1% | -0.3% | -0.2% | 0.2% |
| Bank Loan Avg | 0.6% | 1.2% | 3.8% | 6.6% | 5.2% | 4.4% |
| JFIIX Tax Cost Ratio | na | na | 2.6% | 3.1% | 3.0% | 2.4% |
JFIIX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| JFIIX Return (NAV) | 1.3% | 4.7% | 8.7% | 13.6% | -4.0% | 4.8% | 2.9% | 9.0% | -0.9% | 3.0% | 11.3% |
| JFIIX Grade | F | D | B | A | F | B | A | A | D | F | A |
| +/- Category | -0.7% | -0.3% | 0.5% | 1.5% | -1.7% | 0.1% | 1.6% | 1.5% | -0.5% | -0.7% | 2.0% |
| Bank Loan Avg | 1.9% | 5.1% | 8.2% | 12.1% | -2.3% | 4.7% | 1.3% | 7.6% | -0.4% | 3.7% | 9.2% |
| Risk Measures | |
| Standard Deviation: | 2.0% |
| Total Risk Index: | 0.16 - Low |
| Category Risk Index: | 0.98 - Average |
| Category Risk Grade: | C (53% Rank) |
| Beta: | 0.05 |
| R-Squared: | 2% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Limited Sensitivity |
| Yield: | 6.5% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $847 Mil |
| Fund Total Assets: | $ 140 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 48% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 7.3 years | |||
| Average Tenure: 3.5 years | |||
| Managers (Year): Whittier Nate (2019), Allison Grayson (2025), Shugrue Daniel (2025) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 471 |
| % in Top 10 Holdings: | 6.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 33.8% |
Portfolio Allocation |
|
| Domestic Stock: | 0.9% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 62.2% |
| Foreign Bond: | 33.8% |
| Convertible Bond: | 0.3% |
| Other: | 0.0% |
| Cash: | 2.8% |
Purchase Information
| Fund Family: | John Hancock |
| Phone Number: | 800-225-5291 |
| Website: | www.jhfunds.com |
| Status: | Open |
| Inception Date: | January 2, 2008 |
| Min. Initial Purchase: | $250,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.00% |
Expenses and Fees | |
| Expense Ratio (%): | 0.78% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 1.05% |
| Share Class: | JHancock Floating Rate Income NAV |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
