Fund Evaluator:
JHancock Investment Grade Bond A (TAUSX)
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Fund Details
JHancock Investment Grade Bond A Overview
JHancock Investment Grade Bond A (TAUSX) is an actively managed Taxable Bond Intermediate Core Bond fund. John Hancock launched the fund in 1991.
The investment seeks a high level of current income consistent with preservation of capital and maintenance of liquidity. Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in investment-grade bonds (securities rated from AAA to BBB). These may include, but are not limited to, corporate bonds and debentures, mortgage-backed and asset-backed securities, U.S. government and agency securities, and U.S. dollar-denominated securities of foreign governments and corporations.
About JHancock Investment Grade Bond A (TAUSX)
There are 5 members of the management team with an average tenure of 12.58 years: Pranay Sonalkar (2021), Connor Minnaar (2022), Spencer Godfrey (2025), Jeffrey Given (1998), Howard Greene (2003). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: Bloomberg US Agg Bond TR USD index with a weighting of 100%. JHancock Investment Grade Bond A has 1031 securities in its portfolio. The top 10 holdings constitute 13.3% 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 Investment Grade Bond A is part of the Fixed Income global asset class and is within the Taxable Bond fund group. JHancock Investment Grade Bond A has 6.9% 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 0.4% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 98.6% (91.8% domestic bond, 6.9% foreign bond and 0.6% convertible bond). JHancock Investment Grade Bond A has 0.5% of the portfolio in cash.
Assets Under Management
The fund has $573 million in total assets, which is below the $3 billion average for the Intermediate Core 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.
TAUSX 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 Investment Grade Bond A expense ratio is above average compared to funds in the Intermediate Core Bond category. JHancock Investment Grade Bond A has an expense ratio of 0.74%, which is 30% higher than its category average, making the fund expense ratio grade a D. 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 Investment Grade Bond A has a portfolio turnover rate of 118%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 151% for the Intermediate Core Bond category.
Recently, in the month of July 2026, JHancock Investment Grade Bond A returned -1.3%, which earned it a grade of B, as the Intermediate Core Bond category had an average return of -1.3%. 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 Investment Grade Bond A has a trailing yield of 4.15%, which is above the 4.04% 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 Investment Grade Bond A Grades
Year to date, the fund has returned -0.9%, 0.2 percentage points worse than the category, which translates into a grade of D. The fund has returned 2.6% over the past year (grade of B), 3.7% over the past three years (grade of C) and -0.7% per year over the past five years (grade of D) and 1.3% per year over the past 10 years (grade of C).
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TAUSX 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 |
|
| TAUSX Return (NAV) | -1.3% | -0.9% | 2.6% | 3.7% | -0.7% | 1.3% |
| TAUSX Grade | B | D | B | C | D | C |
| +/- Category | 0.0% | -0.0% | 0.1% | 0.0% | -0.2% | -0.0% |
| Intermediate Core Bond Avg | -1.3% | -0.8% | 2.5% | 3.7% | -0.5% | 1.4% |
| TAUSX Tax Cost Ratio | na | na | 1.6% | 1.6% | 1.5% | 1.3% |
TAUSX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TAUSX Return (NAV) | -0.9% | 7.4% | 1.6% | 5.8% | -14.4% | -1.3% | 8.3% | 8.6% | -0.4% | 3.9% | 2.7% |
| TAUSX Grade | D | B | C | B | F | B | C | C | C | B | C |
| +/- Category | -0.2% | 0.3% | 0.0% | 0.2% | -1.2% | 0.1% | 0.2% | 0.1% | 0.0% | 0.3% | -0.0% |
| Intermediate Core Bond Avg | -0.7% | 7.0% | 1.6% | 5.6% | -13.2% | -1.5% | 8.1% | 8.5% | -0.4% | 3.6% | 2.8% |
| Risk Measures | |
| Standard Deviation: | 6.0% |
| Total Risk Index: | 0.49 - Below Average |
| Category Risk Index: | 1.07 - High |
| Category Risk Grade: | F (91% Rank) |
| Beta: | 1.06 |
| R-Squared: | 100% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 4.2% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $4296 Mil |
| Fund Total Assets: | $ 573 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 118% |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 28.6 years | |||
| Average Tenure: 12.6 years | |||
| Managers (Year): Given Jeffrey (1998), Greene Howard (2003), Sonalkar Pranay (2021), Minnaar Connor (2022), Godfrey Spencer (2025) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 1031 |
| % in Top 10 Holdings: | 13.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 6.9% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.4% |
| Domestic Bond: | 91.8% |
| Foreign Bond: | 6.9% |
| Convertible Bond: | 0.6% |
| Other: | 0.0% |
| Cash: | 0.5% |
Purchase Information
| Fund Family: | John Hancock |
| Phone Number: | 800-225-5291 |
| Website: | www.jhfunds.com |
| Status: | Open |
| Inception Date: | December 31, 1991 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 4.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 0.74% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 0.57% |
| Share Class: | JHancock Investment Grade Bond A |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
