John Hancock Funds
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Income Fund (JHFIX)

Daily Price as of 6/18/13

6.65 0.01 0.15
 
POP Change ($) Change (%)
6.96 0.01 0.14

Management Team

No Photo Available
Daniel Janis III

Joined team in 1999
Joined subadviser in 2005
Joined adviser in 1999
Began business career in 1984
No Photo Available
John Iles

Joined team in 2005
Joined subadviser in 2005
Joined adviser in 1999
Began business career in 1984
No Photo Available
Thomas C. Goggins

Joined Team in 2009
Joined Subadviser in 2009
Began business career in 1989

Top Issuers (%)

as of 5/31/13
Government of Canada 5.32
Government of New Zealand 2.34
Republic of Philippines 2.22
Federation of Malaysia 1.91
Republic of Indonesia 1.87
Republic of Singapore 1.53
Kreditanstalt fuer Wiederaufbau 1.52
Ford Motor Company 1.45
Queensland Treasury Corp. 1.44
Republic of Korea 1.38
The Fund’s holdings are subject to change at any time. Characteristics are expressed as a percentage of net assets except for certain closed-end funds where characteristics are expressed as a percentage of total managed assets.

All Funds (with the exception of the Money Market Fund) exclude cash and cash equivalent securities from Top holdings and Top issuers.

Goal and Strategy

The Fund seeks a high level of current income by primarily investing in foreign debt securities of developed and emerging markets, U.S. government and agency securities and U.S. high yield bonds. The fund may also invest in preferred stock and other types of debt securities.

Average Annual Total Returns1

Month-End Performance (%) as of 5/31/13
QTD YTD 1YR 3YR 5YR 10YR
(not annualized)
POP -4.19 -2.22 5.52 7.06 7.75 6.56
Quarter-End Performance (%) as of 3/31/13
QTD YTD 1YR 3YR 5YR 10YR
(not annualized)
POP -2.53 -2.53 4.16 6.64 7.71 7.23

Cumulative Returns

Month-End Performance (%) as of 5/31/13
QTD YTD 1YR 3YR 5YR 10YR
POP -4.19 -2.22 5.52 22.73 45.26 88.83

The performance data shown represents past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, so that investors' shares, when sold, may be worth more or less than their original cost. See performance data current to the most recent month-end, which may be higher or lower than that cited.

Performance figures assume that all distributions are reinvested. POP (public offering price) figures reflect maximum sales charge on Class A shares of 5% for equity funds and 4.5% for fixed-income funds with the exception of the Floating Rate Income fund and the Currency Strategies fund, which have a maximum sales charge of 3%. Performance quoted without sales charges would be reduced if the sales charges were applied. Performance for other share classes will vary. For money market funds, the yield quoted more closely reflect the current earnings of the fund than the total return performance shown. Sales charges do not apply to money market funds and as a result, those funds do not quote POP performance figures. The Fund operating expenses are 0.93%.

Risk Assessment

Morningstar Rating3

Overall Rating

As of 4/30/13 the Fund was rated 2 stars out of 222 funds, 3 stars out of 185 funds and 3 stars out of 106 funds for the 3-, 5- and 10-year periods, respectively.

Load-Waived Rating

As of 4/30/13 the Fund was rated 3 stars out of 222 funds, 4 stars out of 185 funds and 4 stars out of 106 funds for the 3-, 5- and 10-year periods, respectively.

Overall Rating is based on the 3-, 5- and 10-year Morningstar Risk-Adjusted Returns and accounts for variation in a fund's monthly performance. The overall rating includes effects of sales charges, loads and redemption fees, whereas the load-waived rating does not. Load-waived ratings for Class A shares should only be considered by investors who are not subject to a front-end sales charge. Contact your financial professional to determine whether you are eligible to purchase Class A shares without paying the front-end load. Other classes may be rated differently.

The funds have experienced negative performance for various time periods, including but not limited to, the three, five or ten-year periods for which the Morningstar "star" ratings are issued.

What You Should Know

Fixed-income investments are subject to interest rate and credit risk; their value will normally decline as interest rates rise or if the creditor is unable or unwilling to make principal or interest payments. Investments in higher-yielding, lower-rated securities involve additional risks as these securities include a higher risk of default and loss of principal. Foreign investing, especially in emerging markets, has additional risks, such as currency and market volatility and political and social instability. Currency transactions are impacted by fluctuations in exchange rates, which may adversely affect the U.S. dollar value of a fund’s investments. The use of hedging and derivatives transactions could produce disproportionate gains or losses and may increase volatility and costs. The distribution rate and income amounts reflect past amounts distributed and may not be indicative of future rates or income amounts. The distribution amounts paid by the Fund generally depend on the amount of income and/or dividends received by the Fund’s investments. The Fund may not be able to pay distributions or may have to reduce its distribution level if the amount of such income and/or dividends received from its investment decline. Therefore, distribution rates and income amounts can change at any time. For additional information on these and other risk considerations, please see the Fund's prospectus.

Getting Started

Your financial adviser can help you select the funds that are suitable for your long-term goals and objectives.

The Value of a Financial
Professional

Why John Hancock Mutual Funds

Copyright © 1999-2013 by John Hancock Funds, LLC and affiliated companies, Member FINRA | SIPC, 601 Congress Street, Boston, MA 02210. 

Click here to view prospectuses for Open-End, Retirement and Institutional funds. A fund’s investment objectives, risks, charges and expenses should be considered carefully before investing. The prospectus contains this and other important information about the fund. Please read the prospectus carefully before investing or sending money. These products are available for sale only within the United States.

Please keep in mind that mutual fund shares: Are not FDIC insured | May lose value | Come with no bank guarantee | Are not insured by any government agency

1 Effective June 29, 2012, John Hancock Strategic Income Fund changed its name to John Hancock Income Fund.
8/18/86 is the inception date for the oldest class of shares, Class A. Class I shares were first offered on 9/4/01; Class R1 shares were first offered on 8/5/03; Class R3, R4 and R5 shares were first offered on 5/22/09; Class R6 shares were first offered on 9/1/11; Class R2 shares were first offered on 3/1/12; returns prior to these dates are those of Class A shares that have been recalculated to apply the gross fees and expenses of Class I, R1, R3, R4, R5, R6 and R2 shares.
2 As of most recent month-end. The Morningstar Style Box™ reveals the Fund’s investment style.

For fixed-income funds, the vertical axis shows the credit quality of the long bonds owned and the horizontal axis shows interest rate sensitivity as measured by a bond's effective duration.

Morningstar seeks credit rating information from fund companies on a periodic basis (e.g., quarterly). In compiling credit rating information Morningstar accepts credit ratings reported by fund companies that have been issued by all Nationally Recognized Statistical Rating Organizations (NRSROs). For a list of all NRSROs, please visit www.sec.gov. Additionally, Morningstar accepts foreign credit ratings from widely recognized or registered rating agencies. If two rating organizations/agencies have rated a security, fund companies are to report the lower rating; if three or more organizations/agencies have rated a security, fund companies are to report the median rating, and in cases where there are more than two organization/agency ratings and a median rating does not exist, fund companies are to use the lower of the two middle ratings. PLEASE NOTE: Morningstar, Inc. is not itself an NRSRO nor does it issue a credit rating on the fund. An NRSRO or rating agency ratings can change from time-to-time.

For credit quality, Morningstar combines the credit rating information provided by the fund companies with an average default rate calculation to come up with a weighted-average credit quality. The weighted-average credit quality is currently a letter that roughly corresponds to the scale used by a leading NRSRO. Bond funds are assigned a style box placement of "low", "medium", or "high" based on their average credit quality. Funds with a low credit quality are those whose weighted-average credit quality is determined to be less than "BBB-"; medium are those less than "AA-", but greater or equal to "BBB-"; and high are those with a weighted-average credit quality of "AA-" or higher. When classifying a bond portfolio, Morningstar first maps the NRSRO credit ratings of the underlying holdings to their respective default rates (as determined by Morningstar's analysis of actual historical default rates). Morningstar then averages these default rates to determine the average default rate for the entire bond fund. Finally, Morningstar maps this average default rate to its corresponding credit rating along a convex curve.

For interest-rate sensitivity, Morningstar obtains from fund companies the average effective duration. Generally, Morningstar classifies a fixed-income fund's interest-rate sensitivity based on the effective duration of the Morningstar Core Bond Index (MCBI), which is currently three years. The classification of Limited will be assigned to those funds whose average effective duration is between 25% to 75% of MCBI's average effective duration; funds whose average effective duration is between 75% to 125% of the MCBI will be classified as Moderate; and those that are at 125% or greater of the average effective duration of the MCBI will be classified as Extensive. For municipal bond funds, Morningstar also obtains from fund companies the average effective duration. In these cases static breakpoints are utilized. These breakpoints are as follows: (i) Limited: 4.5 years or less; (ii) Moderate: more than 4.5 years but less than 7 years; and (iii) Extensive: more than 7 years. In addition, for non-US taxable and non-US domiciled fixed income funds static duration breakpoints are used: (i) Limited: less than or equal to 3.5 years; (ii) Moderate: greater than 3.5 and less than equal to 6 years; (iii) Extensive: greater than 6 years.
3 Morningstar proprietary ratings reflect risk-adjusted performance through most recent month-end. The ratings are subject to change every month. For each fund with at least a 3-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return that accounts for variation in a fund’s monthly performance (including effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category, the next 22.5%, 35%, 22.5% and the bottom 10% receive 5, 4, 3, 2 or 1 star, respectively. (Each share class is counted as a fraction of 1 fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) Past performance is no guarantee of future results.
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