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Morningstar

JHancock Floating Rate Income I JFIIX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 7.53  /  0.16 %
  • Total Assets 1.2 Bil
  • Adj. Expense Ratio
    0.780%
  • Expense Ratio 0.790%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity Low / Limited
  • Min. Initial Investment 250,000
  • Status Open
  • TTM Yield 7.19%
  • Effective Duration 0.26 years

USD | NAV as of Jan 27, 2023 | 1-Day Return as of Jan 27, 2023, 11:12 PM GMT+00:00

Morningstar’s Analysis JFIIX

Will JFIIX 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 JFIIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the JFIIX 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 JFIIX’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 I's People and Process Pillar ratings limits this strategy to a Morningstar Quantitative Rating of Neutral. The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

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