John Hancock Income Fund celebrates 30 years of delivering results for investors
BOSTON, Sept. 26, 2016 /PRNewswire/ -- John Hancock Income Fund (Class A: JHFIX, Class I: JSTIX) has crossed a major milestone, with 30 years of solid performance on the books. Class A shares, the fund's original share class, were first offered August 18, 1986. Today, the fund pursues a broadly diversified multi-sector bond strategy, with holdings across a range of market segments, countries, and currencies. As of June 30, 2016—the most recent quarter-end period—the fund's Class I shares were ranked four stars overall out of 248 multisector bond funds by Morningstar, outperforming their peer group average over the 3-, 5-, and 10-year and life of fund periods.
The fund is managed by Daniel S. Janis III, who has led the portfolio management team at John Hancock Asset Management since 1999, along with Thomas C. Goggins and Kisoo Park. Mr. Janis is head of global multi-sector fixed income for John Hancock Asset Management. Mr. Goggins specializes in corporate credit, and Mr. Park focuses on currency management and macroeconomic trends. The team takes a flexible approach in managing the fund, investing in a variety of investment-grade and higher-yielding fixed-income opportunities, including government and corporate bonds from developed and emerging markets, while also actively managing the fund's currency exposure to hedge overall risk.
"We congratulate Dan, Tom, and Kisoo on the consistently strong results they've delivered on behalf of the fund's shareholders," said Andrew G. Arnott, president and CEO of John Hancock Investments. "The fund's strong risk-adjusted performance is a testament to the value we place as a company in always putting investors first. We believe that if our shareholders are successful, then we will be successful."
All data is as of 6/30/16.
All highly rated funds may experience periods of negative performance. Please see the fund's prospectus or visit jhinvestments.com for current returns.
For each fund with at least a 3-year history, Morningstar calculates a Morningstar rating based on a Morningstar Risk-Adjusted Return that accounts for variation in a fund's monthly performance (including effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10.0% of funds in each category, the next 22.5%, 35.0%, 22.5%, and bottom 10.0% receive 5, 4, 3, 2, or 1 star(s), respectively. (Each share class is counted as a fraction of one fund within this scale and is rated separately, which may cause slight variations in the distribution percentages.) The overall Morningstar rating for a fund is derived from a weighted average of the performance associated with its 3-, 5-, and 10-year (if applicable) Morningstar rating metrics. The fund's Class I share overall rating was 4 stars out of 248 funds, 3 stars out of 192 funds, and 4 stars out of 106 funds for the 3-, 5-, and 10-year periods, respectively. Please note that Class I shares may not be available to all investors and that performance of other share classes may vary. Past performance does not guarantee future results.
Fixed-income investments are subject to interest-rate and credit risk; their value will normally decline as interest rates rise or if an issuer is unable or unwilling to make principal or interest payments. Investments in higher-yielding, lower-rated securities involve additional risks, as these securities include a higher risk of default and loss of principal. Foreign investing, especially in emerging markets, has additional risks, such as currency and market volatility and political and social instability. Currency transactions are affected by fluctuations in exchange rates, which may adversely affect the U.S. dollar value of a fund's investments. Liquidity—the extent to which a security may be sold or a derivative position closed without negatively affecting its market value, if at all—may be impaired by reduced trading volume, heightened volatility, rising interest rates, and other market conditions. The use of hedging and derivatives transactions could produce disproportionate gains or losses and may increase volatility and costs. The distribution rate and income amounts reflect past amounts distributed and may not be indicative of future rates or income amounts. The distribution amounts paid by the fund generally depend on the amount of income and/or dividends received by the fund's investments. The fund may not be able to pay distributions or may have to reduce its distribution level if the amount of such income and/or dividends received from its investment declines. Therefore, distribution rates and income amounts can change at any time. Please see the fund's prospectus for additional risks.
A fund's investment objectives, risks, charges, and expenses should be considered carefully before investing. The prospectus contains this and other important information about the fund. To obtain a prospectus, contact your financial professional, call John Hancock Investments at 800-225-5291, or visit our website at jhinvestments.com. Please read the prospectus carefully before investing or sending money.
About John Hancock Investments
John Hancock has helped individuals and institutions build and protect wealth since 1862. Today, we are one of America's strongest and most-recognized brands. As a manager of managers, John Hancock Investments searches the world to find proven portfolio teams with specialized expertise for every fund we offer, then we apply vigorous investment oversight to ensure they continue to meet our uncompromising standards and serve the best interests of our shareholders. Our unique approach to asset management has led to a diverse set of investments deeply rooted in investor needs, along with strong risk-adjusted returns across asset classes.
About John Hancock Financial and Manulife
John Hancock Financial is a division of Manulife, a leading Canada-based financial services group with principal operations in Asia, Canada, and the United States. Operating as Manulife in Canada and Asia, and primarily as John Hancock in the United States, our group of companies offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents, and distribution partners. Assets under management and administration by Manulife and its subsidiaries were $934 billion (US$718 billion) as of June 30, 2016. Manulife Financial Corporation trades as MFC on the TSX, NYSE, and PSE, and under 945 on the SEHK. Manulife can be found at manulife.com.
The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers and administers a broad range of financial products, including life insurance, annuities, investments, 401(k) plans, long-term care insurance, college savings, and other forms of business insurance. Additional information about John Hancock may be found at johnhancock.com.
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SOURCE John Hancock Investments
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