John Hancock Investments - Dynamic Municipal Bond ETF
$25.00−0.18 (−0.73%)
- Expense ratio
- 0.39%
- Fund size
- $43M
- 1Y return
- +0.3%
- Yield · Last 12 months
- 3.95%
- Holdings
- 220
- Volume · 30D
- 0M sh
- NAV per share
- $25.20
- 52W range
The ETF.net JHMU Grade
Score 53 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 21Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 90Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 67Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 45Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 57Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 41Category rank
Our read on JHMU
CAn actively managed muni fund that hunts mispriced bonds instead of tracking an index, chasing interest income exempt from federal tax. The hands-on approach carries a hands-on price tag.
The fund seeks a high level of interest income that is exempt from federal income tax. Its strategy uses pricing imbalances within the municipal bond market.
Why people hold it
- Active by design: managers work pricing imbalances in the municipal market rather than buying the index, targeting interest income exempt from federal income tax.
- Income lands monthly, spread across roughly 220 municipal bonds rather than a handful of concentrated bets.
- What's inside matches what's on the tin: an all-US municipal bond portfolio that stays close to its stated mandate.
Worth knowing
- Fees bite: 1.01% a year is more than triple the typical muni ETF, and index rivals VTEB and MUB run 0.03% and 0.05%.
- A small fund that trades thinly. Fewer shares changing hands can mean wider bid-ask spreads and prices that drift from the bonds inside.
- Launched in 2023, so its record is short next to muni funds that have traded through several rate cycles, and it sits in the lower half of its peer group.
JHMU Holdings
- Bonds
- 220
- 16%
- JH CTF
JHMU Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | JHMU |
|---|---|
| Year to date | −1.4% |
| 1 month | −2.3% |
| 3 months | −3.4% |
| 1 year | +0.3% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | JHMU |
|---|---|---|
| 2026 YTD | −1.4% | |
| 2025 | +5.0% | |
| 2024 | +3.8% | |
| 2023 | +7.8% |
JHMU in the news
ETF.net Research hasn’t filed on JHMU yet — coverage lands here as it’s written.
JHMU Dividends
- 3.95%
- $0.99
- $0.08 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 27, 2026 | Aug 31, 2026 | $0.08 |
| Jul 29, 2026 | Jul 31, 2026 | $0.09 |
| Jun 26, 2026 | Jun 30, 2026 | $0.08 |
| May 27, 2026 | May 29, 2026 | $0.08 |
| Apr 28, 2026 | Apr 30, 2026 | $0.10 |
| Mar 27, 2026 | Mar 31, 2026 | $0.09 |
| Feb 25, 2026 | Feb 27, 2026 | $0.05 |
| Jan 28, 2026 | Jan 30, 2026 | $0.05 |
| Dec 29, 2025 | Dec 31, 2025 | $0.13 |
| Nov 24, 2025 | Nov 26, 2025 | $0.08 |
| Oct 29, 2025 | Oct 31, 2025 | $0.09 |
| Sep 26, 2025 | Sep 30, 2025 | $0.08 |
JHMU Risk
- 3.9%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.04
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −4.5%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.19
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
JHMU Cost
- The middle half of Other Municipal Bond funds
- Median 0.30%
46 of the 62 Other Municipal Bond funds charge less.