John Hancock California Municipal Bond Fund Class R6 is a mutual fund specializing in investment-grade municipal bonds, with a focus on securities issued within California. Its primary objective is to provide investors with tax-exempt income, as the portfolio primarily invests in municipal securities that are exempt from both federal and California state personal income taxes. The fund allocates nearly all assets to municipal bonds, with a small portion possibly held in cash or short-term investments, and occasionally includes foreign government debt to diversify risk. This fixed-income fund typically appeals to investors seeking regular, tax-advantaged income, especially those residing in California. It holds a diversified mix of municipal bonds, including general obligation bonds issued by local governments and special tax bonds that finance targeted infrastructure projects. The fund is also benchmarked against widely recognized indices in the California municipal bond market, reflecting its alignment with market standards and investor expectations. Through its professional management and sector allocation strategies, John Hancock California Municipal Bond Fund Class R6 plays a key role for those seeking stable returns and tax efficiency within their fixed-income portfolios.
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