TSHTX — John Hancock High Yield Municipal Bond Fund

TSHTX Fund Overview

TSHTX — John Hancock High Yield Municipal Bond Fund is a US mutual fund managed by John Hancock Municipal Securities Trust, categorised as Long Corporate 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 Municipal Securities Trust
• Category: Long Corporate Bond
• Assets under management: $514.73M
• 1-year return: 0.1%
• Ticker: TSHTX
• SEC CIK: 0000857769
• SEC series ID: S000000651
• Share class ID: C000001875

TSHTX Investment Objective and Strategy

John Hancock High Yield Municipal Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by John Hancock Municipal Securities Trust.

Investment objective

To seek a high level of current income that is largely exempt from federal income tax, consistent with the preservation of capital.

Principal investment strategy

Under normal market conditions, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in municipal bonds. The fund considers municipal bonds to be comprised of securities the income from which is exempt from regular income tax and includes securities that generate income subject to the alternative minimum tax (AMT). The manager normally invests primarily in medium- and lower-quality municipal securities rated A and below by Moody's Investors Service, Inc. (Moody's), Standard & Poor's Ratings Services (S&P), and Fitch Ratings, Inc. (Fitch), or their unrated equivalents. The fund may buy bonds of any maturity. However, the fund will not invest more than 5% of its total assets in securities rated lower than B. The fund's investment policies are based on credit ratings at the time of purchase.

Bonds that are rated at or below BB by S&P or Fitch or Ba by Moody's are considered junk bonds. Municipal bonds may be subject to the AMT and income may not be entirely tax-free to all investors. The fund may invest heavily in bonds from any given state or region. The fund may engage in derivative transactions to reduce risk and/or enhance investment returns. Derivatives 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), which 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. For liquidity and flexibility, the fund may invest up to 20% of its net assets in taxable and tax-free investment-grade short-term securities.

TSHTX Holdings

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

View all TSHTX holdings

TSHTX Portfolio Allocation

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

TSHTX Performance

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

TSHTX Risk Information

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

• 1-year volatility (annualised): 13.4%

TSHTX Costs and Fees

TSHTX costs about $164 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.64%
• Gross expense ratio: 1.77%
• Portfolio turnover: 33%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

TSHTX Cashflows

Over the 12 months to 2026-05, John Hancock High Yield Municipal Bond Fund had net inflows of $173.53M, from monthly SEC N-PORT filings.

TSHTX Debt Constituents

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

TSHTX Prospectus and SEC Filings

Official John Hancock High Yield 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 Corporate Bond funds tracked on ABC INVEST:

• iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD)
• Vanguard High-Yield Tax-Exempt Fund (VWAHX)
• PIMCO Investment Grade Credit Bond Fund (PIGIX)
• Nuveen High Yield Municipal Bond Fund (NHMAX)
• Income Fund (CMPIX)

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.