TSCAX — John Hancock California Municipal Bond Fund

TSCAX Fund Overview

TSCAX — John Hancock California Municipal Bond Fund is a US mutual fund managed by John Hancock California Tax-Free Income Fund, categorised as Long Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: John Hancock California Tax-Free Income Fund
• Category: Long Municipal - National Bond
• Assets under management: $544.08M
• 1-year return: 0.9%
• Ticker: TSCAX
• SEC CIK: 0000856671
• SEC series ID: S000000616
• Share class ID: C000001743

TSCAX Investment Objective and Strategy

John Hancock California Municipal Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by John Hancock California Tax-Free Income Fund.

Investment objective

To seek a high level of current income, consistent with preservation of capital, that is exempt from federal and California personal income taxes.

Principal investment strategy

Under normal market conditions, the fund invests at least 80% of its net assets, plus amounts borrowed for investment purposes, in securities of any maturity exempt from federal and California personal income taxes. Most of these securities are investment-grade when purchased, but the fund may invest up to 20% of its net assets in junk bonds rated BB by Standard & Poor's Ratings Services (S&P) or Fitch Ratings, Inc. (Fitch) or Ba by Moody's Investors Service, Inc. (Moody's), or their unrated equivalents. The fund's investment policies are based on credit ratings at the time of purchase. The fund may buy bonds of any maturity. The fund may engage in derivative transactions. Derivatives may be used to reduce risk and/or enhance investment returns, and may include futures contracts on debt securities and debt securities indexes; options on futures, debt securities, and debt indexes; and inverse floating-rate securities.

The manager looks for undervalued bonds, based on both broad and security-specific factors, such as issuer creditworthiness, bond structure, and general credit trends, and uses detailed analysis of an appropriate index to model portfolio performance and composition. The fund does not intend to engage in frequent trading. The fund may invest in general obligation bonds, however, in general, the manager favors bonds backed by revenue from a specific public project or facility, such as a power plant (revenue bonds), as they tend to offer higher yields than general obligation bonds. The manager also favors bonds that have limitations on early payoff (call protection), which can help minimize the potential effect of falling interest rates on the fund's yield. To the extent that the fund invests in bonds that are subject to the alternative minimum tax (AMT), the income paid by the fund may not be entirely tax-free to all investors.

Investments in bonds subject to the AMT will not be counted toward the fund's 80% investment policy. For liquidity and flexibility, the fund may invest up to 20% of its net assets (plus any borrowings for investment purposes) in taxable and tax-free investment-grade short-term securities.

TSCAX Holdings

Top 10 holdings of John Hancock California Municipal Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all TSCAX holdings

TSCAX Portfolio Allocation

Asset-class allocation of John Hancock California Municipal Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.

TSCAX Performance

Total returns for TSCAX (as of 2026-10-01), from SEC filings.

TSCAX Risk Information

Risk metrics for TSCAX, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 7.8%

TSCAX Costs and Fees

TSCAX costs about $159 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.59%
• Gross expense ratio: 1.70%
• Portfolio turnover: 41%
• Brokerage commissions: 0.19 bps of average net assets (SEC N-CEN)

TSCAX Cashflows

Over the 12 months to 2026-05, John Hancock California Municipal Bond Fund had net inflows of $7.12M, from monthly SEC N-PORT filings.

TSCAX Debt Constituents

Largest debt holdings of John Hancock California Municipal Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.

TSCAX Prospectus and SEC Filings

Official John Hancock California Municipal Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-09-24
• Prospectus (485BPOS) — filed 2025-09-25
• Prospectus supplement (497) — filed 2024-10-04
• Portfolio holdings (N-PORT) — filed 2026-07-27
• Portfolio holdings (N-PORT) — filed 2026-04-28
• Portfolio holdings (N-PORT) — filed 2026-01-28
• Annual census (N-CEN) — filed 2025-07-31
• Annual census (N-CEN) — filed 2024-08-14

Related Funds

Other Long Municipal - National Bond funds tracked on ABC INVEST:

• Vanguard Intermediate-Term Tax-Exempt Fund (VWITX)
• iShares National Muni Bond ETF (MUB)
• Vanguard Limited-Term Tax-Exempt Fund (VMLTX)
• Tax Exempt Bond Fund Of America (AFTEX)
• Bridge Builder Municipal Bond Fund (BBMUX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.