JHMU

John Hancock Dynamic Municipal Bond ETF

$26.20

+0.00%

Market closed. Last update: 11:37 PM ET

📎 Investment Objective

The John Hancock Dynamic Municipal Bond ETF seeks to provide a high level of current income that is exempt from regular federal income tax, while also seeking to preserve capital.

Overview

ETF tracking John Hancock Dynamic Municipal Bond ETF

Category Municipal Bonds

Issuer Other

Inception Date 2023-11-02

Market Cap $30.1M

Average Volume N/A

Dividend Yield 3.55%

52-Week Range $25.04 - $26.82

VWAP $26.22

Performance

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Investment Summary

📎 Investment Objective

The John Hancock Dynamic Municipal Bond ETF seeks to provide a high level of current income that is exempt from regular federal income tax, while also seeking to preserve capital.

🎯 Investment Strategy

The ETF invests primarily in municipal bonds and other municipal securities. The fund's portfolio managers actively manage the fund's duration and credit quality to try to generate attractive risk-adjusted returns.

✨ Key Features

Invests primarily in municipal bonds and other municipal securities
Actively managed to adjust duration and credit quality
Seeks to provide high levels of tax-exempt income
Aims to preserve capital

⚠️ Primary Risks

Interest rate risk: The value of the fund's investments may decrease when interest rates rise
Credit risk: The issuer of a security held by the fund may default
Liquidity risk: It may be difficult to sell certain municipal securities at an advantageous time and price
Tax risk: Changes in tax laws or adverse determinations by the IRS could affect the tax-exempt status of municipal securities

👤 Best For

This ETF may be suitable for investors seeking tax-exempt income and capital preservation, with a medium-term investment horizon and moderate risk tolerance. It may be particularly appealing to investors in higher tax brackets.