Fund Evaluator:
JHancock Emerging Markets Debt C (JMKCX)
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Best Performing in Emerging Markets Bond Over the Last Year
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| 10.7% | Fidelity New Markets Income (FNMIX) |
| 10.7% | Fidelity Advisor New Markets Income Z (FGBMX) |
Fund Details
JHancock Emerging Markets Debt C Overview
JHancock Emerging Markets Debt C (JMKCX) is an actively managed Taxable Bond Emerging Markets Bond fund. John Hancock launched the fund in 2014.
The investment seeks total return with an emphasis on current income as well as capital appreciation. The fund normally invests at least 80% of its net assets in fixed-income securities and debt instruments of emerging-market issuers. The manager uses proprietary research to identify specific countries, corporate sectors, and issuers that are attractively priced. The manager's investment decisions are not constrained by market capitalization, company fundamentals, security valuation or seasoning, or similar characteristics. The fund is non-diversified.
About JHancock Emerging Markets Debt C (JMKCX)
There are 4 members of the management team with an average tenure of 5.73 years: Neal Capecci (2023), Liam Spillane (2026), Elina Theodorakopoulou (2021), Roberto Sanchez-Dahl (2013). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: JPM EMBI Global Diversified TR USD index with a weighting of 100%. JHancock Emerging Markets Debt C has 212 securities in its portfolio. The top 10 holdings constitute 26.6% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
JHancock Emerging Markets Debt C is part of the Fixed Income global asset class and is within the Taxable Bond fund group. JHancock Emerging Markets Debt C has 82.4% 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 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 95.6% (13.2% domestic bond, 82.4% foreign bond and 0.0% convertible bond). JHancock Emerging Markets Debt C has 4.4% of the portfolio in cash.
Assets Under Management
The fund has $210 million in total assets, which is below the $325 million average for the Emerging Markets Bond 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.
JMKCX 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 Emerging Markets Debt C expense ratio is high compared to funds in the Emerging Markets Bond category. JHancock Emerging Markets Debt C has an expense ratio of 1.87%, which is 85% higher than its category average, making the fund expense ratio grade a F. 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 Emerging Markets Debt C has a portfolio turnover rate of 34%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 83% for the Emerging Markets Bond category.
Recently, in the month of July 2026, JHancock Emerging Markets Debt C returned -1.3%, which earned it a grade of D, as the Emerging Markets Bond category had an average return of -0.9%. 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 Emerging Markets Debt C has a trailing yield of 4.59%, which is below the 5.99% 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 Emerging Markets Debt C Grades
Year to date, the fund has returned 1.6%, 0.9 percentage points worse than the category, which translates into a grade of D. The fund has returned 7.3% over the past year (grade of D), 8.0% over the past three years (grade of D) and 1.9% per year over the past five years (grade of D) and 2.8% per year over the past 10 years (grade of D).
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JMKCX 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 |
|
| JMKCX Return (NAV) | -1.3% | 0.1% | 7.3% | 8.0% | 1.9% | 2.8% |
| JMKCX Grade | D | F | D | D | D | D |
| +/- Category | -0.5% | -0.6% | -1.7% | -1.0% | -0.9% | -0.7% |
| Emerging Markets Bond Avg | -0.9% | 0.6% | 9.0% | 9.1% | 2.8% | 3.6% |
| JMKCX Tax Cost Ratio | na | na | 1.9% | 2.0% | 1.9% | 1.8% |
JMKCX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| JMKCX Return (NAV) | 1.6% | 11.1% | 6.8% | 10.7% | -15.7% | -3.2% | 4.0% | 13.7% | -6.9% | 12.1% | 13.1% |
| JMKCX Grade | D | F | C | D | D | C | D | C | D | C | C |
| +/- Category | -0.9% | -2.7% | 0.5% | -0.9% | -0.9% | -0.3% | -1.5% | 0.6% | -1.5% | 0.9% | 1.2% |
| Emerging Markets Bond Avg | 2.5% | 13.8% | 6.4% | 11.6% | -14.9% | -2.9% | 5.5% | 13.1% | -5.4% | 11.2% | 11.9% |
| Risk Measures | |
| Standard Deviation: | 7.2% |
| Total Risk Index: | 0.59 - Below Average |
| Category Risk Index: | 1.14 - High |
| Category Risk Grade: | F (93% Rank) |
| Beta: | 1.12 |
| R-Squared: | 76% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Small-Cap Value |
| Bond Investment Style: | Low Quality Extensive Sensitivity |
| Yield: | 4.6% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | |
| Total Assets: | $2068 Mil |
| Fund Total Assets: | $ 0 Mil |
| Share Class Type: | C |
| Portfolio Turnover: | 34% |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 13.2 years | |||
| Average Tenure: 5.7 years | |||
| Managers (Year): Sanchez-Dahl Roberto (2013), Theodorakopoulou Elina (2021), Capecci Neal (2023), Spillane Liam (2026) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 212 |
| % in Top 10 Holdings: | 26.6% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 82.4% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 13.2% |
| Foreign Bond: | 82.4% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 4.4% |
Purchase Information
| Fund Family: | John Hancock |
| Phone Number: | 800-225-5291 |
| Website: | www.jhfunds.com |
| Status: | Open |
| Inception Date: | August 28, 2014 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 1.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 1.00% |
Expenses and Fees | |
| Expense Ratio (%): | 1.87% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.01% |
| Share Class: | JHancock Emerging Markets Debt I |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
