Investment objective & strategy
As of Sept. 25, 2025 · prospectusObjective. To seek a high level of current income consistent with prudent investment risk.
Strategy. Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in a diversified portfolio of bonds. These may include, but are not limited to, corporate bonds and debentures, mortgage-backed and asset-backed securities, and U.S. government and agency securities. The fund will invest at least 65% of its net assets in investment-grade debt securities and cash and cash equivalents. The fund may invest up to 35% of its net assets in below-investment-grade debt securities (junk bonds) rated as low as CC by S&P Global Ratings (S&P), Ca by Moodys Investors Service, Inc. (Moodys), and C by Fitch Ratings, Inc. (Fitch Ratings), or their unrated equivalents. The fund does not invest in … Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in a diversified portfolio of bonds. These may include, but are not limited to, corporate bonds and debentures, mortgage-backed and asset-backed securities, and U.S. government and agency securities. The fund will invest at least 65% of its net assets in investment-grade debt securities and cash and cash equivalents. The fund may invest up to 35% of its net assets in below-investment-grade debt securities (junk bonds) rated as low as CC by S&P Global Ratings (S&P), Ca by Moodys Investors Service, Inc. (Moodys), and C by Fitch Ratings, Inc. (Fitch Ratings), or their unrated equivalents. The fund does not invest in securities rated below these ratings or their unrated equivalents. The funds investment policies are based on credit ratings at the time of purchase. The funds average effective duration is expected to be less than 3 years. There is no limit on average maturity. The manager focuses on sector allocation, industry allocation, and security selection in making investment decisions. The manager uses bottom-up research to find individual securities that appear comparatively undervalued. The fund may invest up to 35% of its net assets in securities of issuers domiciled outside of the United States, including depositary receipts. The funds assets will be U.S. dollar-denominated. The fund may engage in derivative transactions. Derivatives may be used to reduce risk, obtain efficient market exposure, and/or enhance investment returns, and may include futures contracts on securities and indexes; options on futures contracts, securities, and indexes; and interest-rate and credit default swaps. The funds investments in U.S. government and agency securities may or may not be supported by the full faith and credit of the United States. Under normal circumstances, the fund may not invest more than 10% of its net assets in cash or cash equivalents. The fund may trade securities actively.
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| US TREASURY N/B | — | $50.29M | 3.34% |
| US TREASURY N/B | — | $38.75M | 2.57% |
| US TREASURY N/B | — | $35.82M | 2.38% |
| US TREASURY N/B | — | $15.98M | 1.06% |
| WELLS FARGO CO | — | $15.27M | 1.01% |
| JPMORGAN CHASE | — | $15.16M | 1.01% |
| JH COLLATERAL | — | $11.47M | 0.76% |
| Air Canada Pass-Through Trust, Series 2020-1, Class C | ACACN | $8.71M | 0.58% |
| BANK OF AMER CRP | — | $8.62M | 0.57% |
| RADIAN GROUP INC | — | $8.61M | 0.57% |
Portfolio moves
Nov 30, 2025 → Feb 28, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Baird Short-Term Bond Fund · BSBIX, BSBSX | 10% | 0.30% |
| THRIVENT SHORT-TERM BOND PORTFOLIO | 8% | 0.45% |
| THRIVENT SHORT-TERM BOND FUND · LBLAX, THLIX | 7% | 0.44% |
Advisers
| Firm | Role |
|---|---|
| John Hancock Investment Management LLC | Adviser |
| Manulife Investment Management (US) LLC | Sub-adviser |
Footnotes
- Expense ratio as of September 25, 2025, from the fund's prospectus.
- Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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