Fund Evaluator:
JHancock Mgd Acct Shrs Non-IG CorpBdPort (JMADX)
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Fund Details
JHancock Mgd Acct Shrs Non-IG CorpBdPort Overview
JHancock Mgd Acct Shrs Non-IG CorpBdPort (JMADX) is an actively managed Taxable Bond Miscellaneous Fixed Income fund. John Hancock launched the fund in 2019.
The investment seeks high level of current income consistent with prudent investment risk. Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in a diversified portfolio of bonds. These may include, but are not limited to, below-investment-grade debt securities (junk bonds) rated as low as CC by S&P Global Ratings (S&P) and Ca by Moody’s Investors Service, Inc. (Moody’s), or their unrated equivalents. It will not invest in investment-grade securities.
About JHancock Mgd Acct Shrs Non-IG CorpBdPort (JMADX)
There are 5 members of the management team with an average tenure of 4.67 years: Pranay Sonalkar (2021), Connor Minnaar (2023), Spencer Godfrey (2025), Jeffrey Given (2019), Howard Greene (2019). 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 ICE BofA US High Yield TR USD index with a weighting of 100%. JHancock Mgd Acct Shrs Non-IG CorpBdPort has 202 securities in its portfolio. The top 10 holdings constitute 12.9% 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 Mgd Acct Shrs Non-IG CorpBdPort is part of the Fixed Income global asset class and is within the Taxable Bond fund group. JHancock Mgd Acct Shrs Non-IG CorpBdPort has 22.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 8.5% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 90.3% (67.4% domestic bond, 22.9% foreign bond and 0.0% convertible bond). JHancock Mgd Acct Shrs Non-IG CorpBdPort has 1.2% of the portfolio in cash.
Assets Under Management
The fund has $192 million in total assets, which is below the $734 million average for the Miscellaneous Fixed Income 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.
JMADX 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 Mgd Acct Shrs Non-IG CorpBdPort expense ratio is low compared to funds in the Miscellaneous Fixed Income category. JHancock Mgd Acct Shrs Non-IG CorpBdPort has an expense ratio of 0.00%, which is 100% lower than its category average, making the fund expense ratio grade a A. 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 Mgd Acct Shrs Non-IG CorpBdPort has a portfolio turnover rate of 61%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 115% for the Miscellaneous Fixed Income category.
Recently, in the month of July 2026, JHancock Mgd Acct Shrs Non-IG CorpBdPort returned -0.4%, which earned it a grade of C, as the Miscellaneous Fixed Income category had an average return of -0.7%. 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 Mgd Acct Shrs Non-IG CorpBdPort has a trailing yield of 6.95%, which is above the 5.98% category average. The fund normally distributes its income monthly.
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 Mgd Acct Shrs Non-IG CorpBdPort Grades
Year to date, the fund has returned 1.8%, 0.3 percentage points better than the category, which translates into a grade of C. The fund has returned 4.9% over the past year (grade of C), 8.0% over the past three years (grade of B) and 3.3% per year over the past five years (grade of B).
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JMADX 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 |
|
| JMADX Return (NAV) | -0.4% | 0.6% | 4.9% | 8.0% | 3.3% | na |
| JMADX Grade | C | B | C | B | B | na |
| +/- Category | 0.3% | 0.3% | -0.8% | 1.3% | 1.6% | na |
| Miscellaneous Fixed Income Avg | -0.7% | 0.3% | 5.7% | 6.7% | 1.7% | 3.0% |
| JMADX Tax Cost Ratio | na | na | 2.7% | 2.8% | 2.7% | na |
JMADX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| JMADX Return (NAV) | 1.8% | 7.9% | 8.6% | 10.9% | -11.6% | 4.3% | 5.3% | na | na | na | na |
| JMADX Grade | C | C | B | A | C | B | C | na | na | na | na |
| +/- Category | 0.3% | 0.1% | 2.4% | 2.1% | -1.1% | 2.1% | -0.9% | na | na | na | na |
| Miscellaneous Fixed Income Avg | 1.5% | 7.9% | 6.3% | 8.8% | -10.6% | 2.2% | 6.2% | 9.0% | 0.4% | 5.0% | 4.3% |
| Risk Measures | |
| Standard Deviation: | 4.8% |
| Total Risk Index: | 0.39 - Low |
| Category Risk Index: | 0.92 - Average |
| Category Risk Grade: | B (40% Rank) |
| Beta: | 0.70 |
| R-Squared: | 69% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Limited Sensitivity |
| Yield: | 7.0% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | |
| Total Assets: | $192 Mil |
| Fund Total Assets: | $ 193 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 61% |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 7.1 years | |||
| Average Tenure: 4.7 years | |||
| Managers (Year): Given Jeffrey (2019), Greene Howard (2019), Sonalkar Pranay (2021), Minnaar Connor (2023), Godfrey Spencer (2025) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 202 |
| % in Top 10 Holdings: | 12.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 22.9% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 8.5% |
| Domestic Bond: | 67.4% |
| Foreign Bond: | 22.9% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.2% |
Purchase Information
| Fund Family: | John Hancock |
| Phone Number: | 800-247-0278 |
| Website: | www.jhfunds.com |
| Status: | Open |
| Inception Date: | July 9, 2019 |
| Min. Initial Purchase: | $ 0 |
| 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: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.00% ( Rating : Low ) |
| Category Average Expense Ratio (%): | 0.29% |
| Share Class: | JHancock Mgd Acct Shrs Non-IG CorpBdPort |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
