JCTRX Fees and Costs — John Hancock High Yield Municipal Bond Fund, Class R6
Data updated: 2026-09-24
The net expense ratio is 0.74%: a 0.49% management fee plus 0.40% other expenses, less a 0.15% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 33%.
JCTRX Fees and Expenses
Annual operating expenses and sales charges of JCTRX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.49% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.40% |
| Gross expense ratio | 0.89% |
| Fee waiver | −0.15% |
| Net expense ratio | 0.74% |
| 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 |
JCTRX Costs Over Time
On $10,000 invested in JCTRX, assuming 5% a year before costs, total costs come to $465 over 5 years, cutting the return by 0.78% 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 0.74%) | $78 | $243 | $423 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $78 | $255 | $465 |
| Value after costs | $10,422 | $11,321 | $12,298 |
| Impact on return, per year | 0.78% | 0.78% | 0.78% |
JCTRX 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): $831.8M
- Portfolio turnover (prospectus): 33%
- Securities lending: none during the year
JCTRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $339.2M | 44.63% |
| J.P. Morgan Securities LLC | $179.3M | 23.60% |
| Pershing LLC | $56.8M | 7.47% |
| Piper Sandler & Co. | $44.0M | 5.79% |
| Loop Capital Markets LLC | $33.2M | 4.36% |
| Herbert J. Sims & Co, Inc. | $25.1M | 3.30% |
| Stifel, Nicolaus & Company, Incorporated | $23.5M | 3.10% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $20.3M | 2.67% |
| D.A. Davidson & Co. | $19.6M | 2.58% |
| Jefferies LLC | $19.0M | 2.50% |
John Hancock High Yield 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 |
|---|---|---|---|
| JCTRX | Class R6 | 0.74% | none |
| JHYMX | Class I | 0.82% | none |
| JHTFX | Class A | 0.97% | 4.00% |
| JCTFX | Class C | 1.72% | 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.