John Hancock Investments - Dynamic Municipal Bond ETF
JHMU
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 200 Berkeley Street Boston MA United States of America 2116
- IPO Date
- Nov 2, 2023
- CIK
- 0001478482
- Website
- jhinvestments.com
- Similar Companies
- Business
- John Hancock Dynamic Municipal Bond ETF (JHMU) is an actively managed exchange-traded fund that primarily invests in investment-grade municipal bonds of any maturity to provide tax-exempt income. The fund, issued by John Hancock Investment Management, a division of Manulife John Hancock Investments, allocates predominantly to U.S. municipal securities, with approximately 94% in municipals and the remainder in cash equivalents; it employs a proprietary weighting scheme focused on broad credit and broad maturities within the government and local authority/municipal bond segment. Launched on October 31, 2023, and headquartered in Boston, Massachusetts, JHMU targets income-seeking investors, including individuals and institutions, with assets under management of around $30.50 million and a net expense ratio of 0.39% as of late 2025. The ETF's portfolio features 151 holdings, with the top 10 positions comprising about 21.72% of assets, emphasizing diversified exposure across various municipal bond issuers across the United States. It offers a dividend yield of approximately 5.15% to 5.32%, paid monthly, with tax-exempt distributions treated as ordinary income rather than qualifying for K-1 forms. JHMU operates exclusively in U.S. markets, focusing on fixed-income strategies without international or equity components. Recent developments include increased institutional holdings, such as Envestnet Asset Management Inc. raising its position by 9.2% in the second quarter of 2025 through additional purchases, alongside new stakes by Cadence Bank and expansions by Jane Street Group LLC. In August 2025, Manulife John Hancock Investments expanded its broader ETF lineup with the launch of the John Hancock Disciplined Value Select ETF (JDVL) in partnership with Boston Partners, signaling ongoing innovation in active ETF offerings that complement fixed-income products like JHMU. The fund has maintained stable operations since inception, with no reported acquisitions, mergers, or strategic shifts specific to JHMU in the last two years, amid a market capitalization growth to approximately $34 million by November 2025.