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Morningstar

JHancock Floating Rate Income NAV JFIDX

Morningstar Analyst Rating
Quantitative rating as of | See John Hancock Investment Hub
  • NAV / 1-Day Return 7.58  /  0.16 %
  • Total Assets 1.2 Bil
  • Adj. Expense Ratio
    0.670%
  • Expense Ratio 0.680%
  • Distribution Fee Level Low
  • Share Class Type No Load
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity Low / Limited
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 7.30%
  • Effective Duration 0.30 years

USD | NAV as of Feb 04, 2023 | 1-Day Return as of Feb 04, 2023, 12:39 AM GMT+00:00

Morningstar’s Analysis JFIDX

Will JFIDX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable JFIDX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the JFIDX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of JFIDX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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Weakness in JHancock Floating Rate Income NAV's Process and People Pillar ratings limits this strategy to a Morningstar Quantitative Rating of Neutral. The portfolio maintains a sizable cost advantage over competitors, priced within the cheapest fee quintile among peers.

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