John Hancock Floating Rate Income Fund Marks Fifth Anniversary
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Sub-advised by
"We congratulate the portfolio management team at
Western Asset Management is one of the world's premier fixed-income managers. The portfolio management team for the
The Fund invests primarily in floating rate loans, which often include debt securities of domestic and foreign issuers that are rated below investment grade (rated below Baa or BBB by a rating organization such as Moody's Investor Services or Standard & Poor's), at the time of purchase, or are of comparable quality, as determined by the subadviser, and other floating rate securities.
"We are very pleased with the success of the fund over the last five years," said
The Class I shares are currently rated 5 stars, the Class A load-waived shares are rated 4 stars, and the Class A shares with load are rated 3 stars by Morningstar. Class I shares were rated 4 stars out of 134 funds and 5 stars out of 110 funds for the 3- and 5-year periods, respectively, as of
About Western Asset Management
Western Asset Management is one of the world's premier fixed-income managers. With offices in Pasadena,
About
The
About John Hancock Financial and
John Hancock Financial is a division of
The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in
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. If the Fund invests in illiquid securities, it may be difficult to sell them at a price approximating their value. Foreign investing, especially in emerging markets, has additional risks, such as currency and market volatility and political and social instability. The Fund may invest its assets in a small number of issuers. Performance could suffer significantly from adverse events affecting these issuers. 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 declines. 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.
Past performance is no guarantee of future results. 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. To obtain a prospectus, contact your financial professional, call
The Morningstar rating methodology rates funds based on an enhanced Morningstar Risk-Adjusted Return measure. Within the Morningstar Bank Loan Category, the top 10% of funds receive five stars, the next 22.5% four stars, the middle 35% three stars, the next 22.5% two stars, and the bottom 10% receive one star. Funds are rated for up to three time periods--three-, five-, and 10 years--and these ratings are combined to produce an overall rating. The fund's adviser has waived a portion of its management fee and/or reimbursed or paid operating expenses of the fund. Without such waiver and/or reimbursement, the fund's returns for the periods indicated would be lower.
SOURCE
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