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About John Hancock Dynamic Municipal Bond ETF
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Inception date
Nov 1, 2023
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
John Hancock Investment Management LLC
Distributor
Foreside Fund Services LLC
ISIN
US47804J7431
JHMU seeks a high level of interest income exempt from federal income tax. The fund primarily holds investment grade muni bonds of any maturity but may allocate up to 20% of its assets in bonds rated BB or lower. The fund uses a fundamental approach to look for undervalued bonds. The fund manager uses a benchmark index to model portfolio performance and composition, then blends the macro assessment with security analysis. The manager may also incorporate ESG factors in the investment process. JHMU may invest in general obligation bonds, although bonds backed by revenue from a specific public project are favored since these may offer higher yields. To help mitigate the effect of falling interest rates, the fund favors bonds with call protection. And to enhance potential gains and leverage exposure, the fund may utilize tender option bond transactions on up to 15% of its holdings. Note that income paid by the fund may not be entirely tax-free to all investors.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal96.58%
Cash3.42%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
JHMU last dividends amounted to 0.08 USD. The month before, the issuer paid 0.09 USD in dividends, which shows a 10.87% decrease.
JHMU assets under management is 32.08 M USD. It's risen 6.98% over the last month.
JHMU fund flows account for 8.37 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, JHMU pays dividends to its holders with the dividend yield of 5.11%. The last dividend (Sep 30, 2025) amounted to 0.08 USD. The dividends are paid monthly.
JHMU shares are issued by Manulife Financial Corp. under the brand John Hancock. The ETF was launched on Nov 1, 2023, and its management style is Active.
JHMU expense ratio is 0.39% meaning you'd have to pay 0.39% of your investment to help manage the fund.
JHMU follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
JHMU invests in bonds.
JHMU price has risen by 0.69% over the last month, and its yearly performance shows a −1.48% decrease. See more dynamics on JHMU price chart.
NAV returns, another gauge of an ETF dynamics, showed a 4.48% increase in three-month performance and has increased by 3.24% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 4.48% increase in three-month performance and has increased by 3.24% in a year.
JHMU trades at a premium (0.15%) meaning the ETF is trading at a higher price than the calculated NAV.