TSHYX — John Hancock High Yield Fund

TSHYX Fund Overview

TSHYX — John Hancock High Yield Fund is a US mutual fund managed by John Hancock Bond Trust, categorised as Short 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 Bond Trust
• Category: Short Corporate Bond
• Assets under management: $1.97B
• 1-year return: 0.2%
• Ticker: TSHYX
• SEC CIK: 0000315554
• SEC series ID: S000000614
• Share class ID: C000001736

TSHYX Investment Objective and Strategy

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

Investment objective

To seek high current income. Capital appreciation is a secondary goal.

Principal investment strategy

Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in U.S. and foreign fixed-income securities rated BB/Ba or lower and their unrated equivalents. Bonds rated at or below BB by Standard & Poor's Ratings Services (S&P) or Fitch Ratings, Inc. (Fitch) or Ba by Moody's Investors Service, Inc. (Moody's) are considered junk bonds. These may include, but are not limited to, domestic and foreign corporate bonds and government obligations, debentures and notes, convertible securities and preferred securities. No more than 10% of the fund's total assets may be invested in securities that are rated in default by S&P or Moody's. The fund's investment policies are based on credit ratings at the time of purchase. There is no limit on the fund's average maturity.

The manager concentrates on industry allocation and securities selection in making investment decisions. The manager uses top-down analysis to determine which industries may benefit from current and future changes in the economy. The manager uses bottom-up research to find individual securities that appear comparatively undervalued. The manager looks at the financial condition of the issuers, as well as the collateralization and other features of the securities themselves. The fund may hold up to 20% of its total assets in the securities of companies in any one industry and up to 10% of its total assets in the securities of any individual issuer. The fund typically invests in a broad range of industries. The fund may invest in both investment-grade and below-investment-grade asset-backed securities.

The fund may use certain higher-risk investments, including restricted or illiquid securities and derivatives. Derivatives may be used to reduce risk, obtain efficient market exposure, and/or enhance investment returns, and may include futures contracts on securities, indexes and foreign currency; options on futures contracts, securities, indexes and foreign currency; interest-rate, foreign currency and credit default swaps; and foreign currency forward contracts. In addition, the fund may invest up to 20% of its assets in U.S. and foreign common stocks of companies of any size. The fund may trade securities actively.

TSHYX Holdings

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

View all TSHYX holdings

TSHYX Portfolio Allocation

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

TSHYX Performance

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

TSHYX Risk Information

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

• 1-year volatility (annualised): 16.0%

TSHYX Costs and Fees

TSHYX costs about $168 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.68%
• Gross expense ratio: 1.69%
• Portfolio turnover: 45%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

TSHYX Cashflows

Over the 12 months to 2026-05, John Hancock High Yield Fund had net inflows of $577.24M, from monthly SEC N-PORT filings.

TSHYX Debt Constituents

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

TSHYX Prospectus and SEC Filings

Official John Hancock High Yield Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-09-24
• Prospectus (485BPOS) — filed 2025-09-25
• Prospectus (485BPOS) — filed 2024-09-26
• 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 Short Corporate Bond funds tracked on ABC INVEST:

• Vanguard Short-Term Investment-Grade Fund (VFSTX)
• Vanguard Short-Term Corporate Bond Index Fund (VSCSX)
• American High Income Trust (AHITX)
• Vanguard High-Yield Corporate Fund (VWEHX)
• PGIM High Yield Fund (JDYRX)

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.