TSHTX Fees and Costs — John Hancock High Yield Municipal Bond Fund, Class B
Data updated: 2026-09-24
The net expense ratio is 1.64%: a 0.55% management fee, a 1.00% 12b-1 fee plus 0.22% other expenses, less a 0.13% fee waiver. This share class carries a deferred sales charge of up to 5.00%. Portfolio turnover was 33%.
TSHTX Fees and Expenses
Annual operating expenses and sales charges of TSHTX. Prospectus, as of September 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.22% |
| Gross expense ratio | 1.77% |
| Fee waiver | −0.13% |
| Net expense ratio | 1.64% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | 5.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
TSHTX Costs Over Time
On $10,000 invested in TSHTX, assuming 5% a year before costs, total costs come to $1,013 over 5 years, cutting the return by 1.72% 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 |
| Sales charges | $516 | $0 | $0 |
| Fund expenses (net expense ratio 1.64%) | $172 | $534 | $919 |
| Lost growth on money paid in costs | $0 | $27 | $93 |
| Total costs | $689 | $560 | $1,013 |
| Value after costs | $9,811 | $11,016 | $11,750 |
| Impact on return, per year | 6.89% | 1.72% | 1.72% |
TSHTX 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
TSHTX 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% |
| TSHTX | Class B | 1.64% | — |
| 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.