With more than $233.1 billion in funds under management, John Hancock Financial Services is one of the largest investment management firms in the U.S. Founded in 1863, John Hancock enjoys high awareness among domestic consumers as a financial services brand. The company offers a wide range of insurance and investment related products and services to its customers. It offers many specialty funds focusing on industries such as timber and agriculture.
Below we will share with you 5 top rated John Hancock funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect the fund to outperform its peers in the future. To view the Zacks Rank and past performance of all John Hancock funds, then click here.
John Hancock Financial Industries A (FIDAX) seeks capital growth. It invests domestic and foreign financial services companies of different sizes. Up to 15% of its assets are used to purchase investment-grade short term securities. It may also use derivatives and not more than 5% of its assets may be invested in junk bonds. The John Hancock fund returned 78.06% over the last one year period.
As of January 2010, this John Hancock fund held 60 issues, with 5.72% of its total assets invested in Bank of America Corporation.
John Hancock Investment Grade Bond A (TAUSX) invests primarily in investment-grade bonds. Mortgage-related securities and derivatives based on indexes or other securities are other investment options for the fund. The fund returned 22.86% in the last one year period and has a ten year annualized return of 5.82%.
Barry H Evans is the fund manager and he has managed this John Hancock fund since 1995.
John Hancock Bond A (JHNBX) seeks high current income. The majority of its assets are invested in a diversified portfolio of bonds. These securities include corporate bonds, debentures, and domestic government securities. Up to 10% of its assets may be used to purchase securities denominated in foreign currencies. The fund returned 30.51% in the last one year period.
The fund has a minimum initial investment of $2,500 and an expense ratio of 1.16% compared to a category average of 0.95%.
John Hancock Balanced A (SVBAX) invests in a portfolio with both debt and equity securities. Even though it primarily purchases domestic securities, it may invest up to 35% of assets in foreign securities. It invests 25% of its assets in equity and 25% in senior debt securities. The fund has a five year annualized return of 7.88%.
The fund manager is Timothy M. Malloy and he has managed this John Hancock fund since 2006.
John Hancock High Yield A (JHHBX) seeks current income with capital appreciation as a secondary goal. It invests the majority of its assets in domestic and foreign fixed-income and may invest a smaller proportion in companies of different sizes. The John Hancock fund returned 93.82% over the last one year period.
The fund has a minimum initial investment of $2,500 and an expense ratio of 1.11% compared to a category average of 1.21%.
To view the Zacks Rank and past performance of all John Hancock funds, then click here.
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Learn more about the Zacks Mutual Fund Rank at http://www.zacks.com/funds/mutualfund/
