John Hancock California Municipal Bond Fund Class A is an open-end mutual fund specializing in the municipal fixed-income sector. Its primary objective is to deliver high current income that is exempt from both federal and California state personal income taxes, making it particularly appealing to California residents seeking efficient tax planning solutions. The fund invests primarily in a diversified portfolio of California municipal securities, targeting long-duration bonds—a strategy reflected in its multi-year effective duration and its Morningstar category, "Muni California Long". Managed by an experienced team since its inception in 1989, the fund employs in-depth credit analysis to identify undervalued opportunities within the municipal bond market, emphasizing both capital preservation and income generation. Its holdings encompass a broad spectrum of sectors, including education, utilities, transportation, and local government finance, supporting essential public projects throughout California. John Hancock California Municipal Bond Fund Class A serves as a specialized vehicle for investors focusing on tax-exempt income and regional municipal finance, and it plays a distinctive role in supporting California’s public infrastructure and long-term fiscal health.
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