ATLASJohn Hancock Dynamic Municipal Bond ETF (JHMU): outlook, holdings and fees
John Hancock Dynamic Municipal Bond ETF (JHMU) is an exchange-traded fund and is managed by John Hancock. The expense ratio is 0.40% and the yield is 3.85%. The ten largest holdings are 46% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on JHMU
| Last price | $25.54 (+0.3%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 59% |
| Likely 1-month range (50%) | $25.26 – $26.10 |
| Normal 1-day range (±1σ) | ±0.6% |
| Distribution yield | 3.85% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
JHMU fund facts
| Issuer | John Hancock |
|---|---|
| Theme | Municipal bonds |
| Assets under management | $17.6M |
| Expense ratio | 0.40% |
| Number of holdings | 10 |
| Portfolio turnover | 0% |
| Inception | Mar 28, 2016 |
| Exchange | NYSE |
Under normal market conditions, the fund invests at least 80% of its net assets, plus amounts borrowed for investment purposes, in municipal bonds of any maturity. It primarily invests in bonds that are investment grade when purchased, but the fund may also invest up to 20% of its net assets in non-investment grade bonds rated BB or lower by S&P Global Ratings, Fitch Ratings, or Moody"s Investors Service, Inc., or comparable rating by any NRSRO or unrated equivalents.
JHMU top holdings
| Holding | Sector | Weight |
|---|---|---|
| American Electric Power Co Inc AEP | Utilities | 6.08% |
| Duke Energy Corporation DUK | Utilities | 5.16% |
| Xcel Energy Inc XEL | Utilities | 5.21% |
| Sempra Energy SRE | Utilities | 5.08% |
| Southern Company SO | Utilities | 4.92% |
| Consolidated Edison Inc ED | Utilities | 3.92% |
| Exelon Corporation EXC | Utilities | 3.92% |
| Edison International EIX | Utilities | 4.04% |
| Public Service Enterprise Group Inc PEG | Utilities | 3.83% |
| DTE Energy Company DTE | Utilities | 3.72% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
JHMU returns and risk
| Year to date | 0.0% |
|---|---|
| 1 year | -8.0% |
| 3 years (annualised) | +6.9% |
| 5 years (annualised) | +5.4% |
| 10 years (annualised) | 0.0% |
| Volatility (3 years) | 19.2% |
| Sharpe ratio (3 years) | 0.10 |
Past returns do not guarantee future results.
JHMU: frequently asked questions
What does JHMU invest in?
John Hancock Dynamic Municipal Bond ETF invests in a portfolio of securities. Its largest holdings are American Electric Power Co Inc (6.1%), Duke Energy Corporation (5.2%), Xcel Energy Inc (5.2%), Sempra Energy (5.1%), Southern Company (4.9%).
What is the JHMU expense ratio?
0.40% a year: about $40.00 for every $10,000 invested.
What is the JHMU dividend yield?
3.85%. ATLAS does not hold the exact distribution dates for ETFs.
Will JHMU go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 59%, with a likely range (50%) of $25.26 to $26.10 from $25.54 today. It is a probability, not a prediction.
How has JHMU performed?
Year to date 0.0%, one year -8.0%, three years +6.9% a year, five years +5.4% a year. Past returns do not guarantee future results.
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Educational information, not investment advice. Disclaimer