JCAFX Fees and Costs — John Hancock California Municipal Bond Fund, Class I
Data updated: 2026-09-24
The net expense ratio is 0.60%: a 0.51% management fee plus 0.23% other expenses, less a 0.15% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 41%.
JCAFX Fees and Expenses
Annual operating expenses and sales charges of JCAFX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.51% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.23% |
| Gross expense ratio | 0.75% |
| Fee waiver | −0.15% |
| Net expense ratio | 0.60% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
JCAFX Costs Over Time
On $10,000 invested in JCAFX, assuming 5% a year before costs, total costs come to $378 over 5 years, cutting the return by 0.63% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.60%) | $63 | $197 | $344 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $63 | $207 | $378 |
| Value after costs | $10,437 | $11,369 | $12,384 |
| Impact on return, per year | 0.63% | 0.63% | 0.63% |
JCAFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $700.3M
- Portfolio turnover (prospectus): 41%
- Securities lending: none during the year
JCAFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $227.9M | 37.26% |
| Royal Bank of Canada | $126.0M | 20.60% |
| Goldman Sachs & Co. LLC | $59.2M | 9.67% |
| Piper Sandler & Co. | $38.7M | 6.33% |
| J.P. Morgan Securities LLC | $34.8M | 5.68% |
| Pershing LLC | $33.1M | 5.40% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $27.6M | 4.51% |
| Jefferies LLC | $24.6M | 4.01% |
| Stifel, Nicolaus & Company, Incorporated | $20.7M | 3.38% |
| Loop Capital Markets LLC | $19.3M | 3.15% |
John Hancock California Municipal Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JCSRX | Class R6 | 0.52% | none |
| JCAFX | Class I | 0.60% | none |
| TACAX | Class A | 0.75% | 4.00% |
| TCCAX | Class C | 1.50% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.