Investment objective & strategy
As of Sept. 25, 2025 · prospectusObjective. To seek a high level of current income consistent with preservation of capital and maintenance of liquidity.
Strategy. Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in investment-grade bonds (securities rated from AAA to BBB). These may include, but are not limited to, corporate bonds and debentures, mortgage-backed and asset-backed securities, U.S. government and agency securities, and U.S. dollar-denominated securities of foreign governments and corporations. The funds investment policies are based on credit ratings at the time of purchase. The fund may invest in bonds of any maturity, but normally maintains a dollar weighted average maturity of between three and ten years. The fund does not invest in bonds rated below investment grade at time of purchase. The manager focuses on sector allocation, industry allocation, and … Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in investment-grade bonds (securities rated from AAA to BBB). These may include, but are not limited to, corporate bonds and debentures, mortgage-backed and asset-backed securities, U.S. government and agency securities, and U.S. dollar-denominated securities of foreign governments and corporations. The funds investment policies are based on credit ratings at the time of purchase. The fund may invest in bonds of any maturity, but normally maintains a dollar weighted average maturity of between three and ten years. The fund does not invest in bonds rated below investment grade at time of purchase. The manager focuses on sector allocation, industry allocation, and security selection in making investment decisions. When making sector and industry allocations, the manager uses top-down analysis to try to anticipate shifts in the business cycle. The manager uses bottom-up research to find individual securities that appear comparatively undervalued. The fund may engage in derivative transactions, including futures contracts and options which may be used to reduce risk, obtain efficient market exposure, and/or enhance investment returns. 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. The fund may trade securities actively.
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| US TREASURY N/B | — | $151.13M | 3.37% |
| US TREASURY N/B | — | $100.11M | 2.24% |
| US TREASURY N/B | — | $83.61M | 1.87% |
| JH COLLATERAL | — | $71.69M | 1.60% |
| US TREASURY N/B | — | $65.59M | 1.46% |
| US TREASURY N/B | — | $64.71M | 1.44% |
| US TREASURY N/B | — | $56.78M | 1.27% |
| US TREASURY N/B | — | $56.45M | 1.26% |
| US TREASURY N/B | — | $52.73M | 1.18% |
| US TREASURY N/B | — | $52.29M | 1.17% |
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. |
|---|---|---|
| Bond Fund · JHNBX, JHCBX, JHBIX, JHBSX, JHRBX, JBFRX | 63% | 0.35% |
| John Hancock Core Bond ETF · JHCR | 58% | 0.29% |
| Active Bond Trust · JAHDX, JAHFX, JAHEX | 54% | 0.65% |
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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