John Hancock Dynamic Municipal Bond ETF
The ETF.net JHMU Grade
B
Score 58 out of 100
- 30 of 63
Score 58 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F23 out of 100Rank 47 of 63Mission
Whether the fund did what it promised, tested against its stated mandate.A93 out of 100Rank 24 of 59Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A74 out of 100Rank 2 of 63Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B57 out of 100Rank 23 of 63Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B66 out of 100Rank 24 of 63Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C44 out of 100Rank 43 of 63
Our read on JHMU
In short
BJohn Hancock's first muni ETF skips the index and hunts pricing imbalances bond by bond, favoring revenue bonds with call protection. That active work runs 0.39% net of a waiver through July 31, 2027.
Stated mandate
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
Worth knowing
JHMU Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
JHMU$10,143
Returns run to the Nov 2, 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 | +0.6% |
| 1 month | +3.7% |
| 3 months | −0.1% |
| 1 year | +1.4% |
| 3 years | +5.7% |
| 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 | +0.6% | |
| 2025 | +5.0% | |
| 2024 | +3.8% | |
| 2023 | +7.8% |
JHMU in the news
JHMU Dividends
- 3.72%
- $0.95
- $0.04 per share
- Monthly
JHMU Risk
- 4.9%
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.
- −0.03
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.
- −6.2%
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.
FMP measures it over up to five years of monthly returns.
JHMU Cost
Overpaying vs VTEB, tied cheapest in Other Municipal Bond
$7,260
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
JHMU 0.39%
$7,898
VTEB 0.03% Tied cheapest
$638
Cost over time
Year by year
| Year | JHMU | VTEB | Overpaying |
|---|---|---|---|
| 10 | $705 | $55 | $650 |
| 20 | $2,725 | $216 | $2,509 |
| 30 | $7,898 | $638 | $7,260 |
You pay 0.39%Waived by John Hancock Investments 0.38%
Full fee 0.77% waiver 0.38% you pay 0.39%
Other funds in Other Municipal Bond
- BBABInvesco Taxable Municipal Bond ETFExpense ratio 0.28%1 year return −1.1%
- BGMNYGoldman Sachs Dynamic New York Municipal Income ETFExpense ratio 0.30%1 year return +1.7%
- BNUMINuveen Municipal IncomeExpense ratio 0.30%1 year return +0.2%
- BRVNUXtrackers Municipal Infrastructure Revenue Bond Active ETFExpense ratio 0.15%1 year return −1.1%
- BMMMANYLI MacKay Muni Allocation ETFExpense ratio 0.35%1 year return
