John Hancock Investment Management: our bond market outlook

You are receiving this email as a registered member of Morningstar.com and have asked to receive features, products and services from third party companies. This is a paid advertisement from the sponsor. {{my.preview-text}} ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ [Logo]( The case for high-quality fixed income [Download now: your portfolio playbook]( When will the U.S. Federal Reserve cut interest rates? How long will inflation remain above the central bank’s target? Will the economy enter a recession? While it’s not possible to answer these questions, we do believe that high-quality fixed income remains well positioned for the uncertain market environment ahead. [RINV-44942_Morningstar E-direct June-Fixed Income_Email_600x240.jpg] Source: FactSet, as of 3/31/24. The Bloomberg U.S. Corporate Investment Grade Index tracks the investment-grade, fixed-rate, taxable corporate bond market. It is not possible to invest directly in an index. Past performance is not a guarantee of future results. High-quality bonds are currently offering higher yields than cash alternatives such as money market funds and CDs while facing less reinvestment risk.1 In addition, these areas of the U.S. fixed-income market are also offering attractive valuations relative to history. This means that the types of bonds held within funds such as [John Hancock Bond Fund]( and [John Hancock Investment Grade Bond Fund]( have the potential for price appreciation in addition to compelling yields. Sharing our insight on the market Want to hear more? Follow the link above to download the latest edition of Market Intelligence to hear our outlook on U.S. stocks, international equity, and fixed income. [footer link]( [Sign up at jhinvestments.com]( to research and compare funds from across the industry, create a personalized dashboard, explore timely thought leadership, and more. 1 FactSet, as of 3/31/24. Savings, money market, and 12-month certificate of deposit (CD) rates are measured by the FDIC national averages. Bond yields are represented by the Bloomberg U.S. Aggregate Bond Index, which tracks the performance of U.S. investment-grade bonds in government, asset-backed, and corporate debt markets. It is not possible to invest directly in an index. Past performance does not guarantee future results. This material does not constitute tax, legal, or accounting advice, is for informational purposes only and is not meant as investment advice. Please consult your tax or financial professional before making any investment decisions. Fixed-income investments are subject to interest-rate and credit risk; their value will normally decline as interest rates rise or if an issuer is unable or unwilling to make principal or interest payments. Foreign investing, especially in emerging markets, has additional risks, such as currency and market volatility and political and social instability. Mortgage- and asset-backed securities may be sensitive to changes in interest rates and may be subject to early repayment and the market’s perception of issuer creditworthiness. Liquidity—the extent to which a security may be sold or a derivative position closed without negatively affecting its market value, if at all—may be impaired by reduced trading volume, heightened volatility, rising interest rates, and other market conditions. The use of hedging and derivatives could produce disproportionate gains or losses and may increase costs. Hedging and other strategic transactions may increase volatility and result in losses if not successful. Fund distributions generally depend on income from underlying investments and may vary or cease altogether in the future. Please see the fund’s prospectus for additional risks. Clients should read and carefully consider a fund’s investment objectives, risks, charges, and expenses before investing. To request a prospectus or summary prospectus with this and other important information, please call us at 800-225-6020, or visit us at jhinvestments.com Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license. NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY. THIS MATERIAL IS FOR INSTITUTIONAL/BROKER-DEALER USE ONLY. NOT FOR DISTRIBUTION OR USE WITH THE PUBLIC. MF3571086 FIMIEM 5/24 John Hancock Investment Management Distributors LLC, Member [FINRA]( [SIPC]( 200 Berkeley Street, Boston, MA, 800-225-6020, jhinvestments.com [View online]( | [Unsubscribe]( from future Advertising Products and Features email | [Update]( your email preferences If you have questions about Morningstar.com or your membership, please send a note to joe@morningstar.com. [Click here]( to learn about Morningstar's privacy policy. © 2024 Morningstar, Inc. All Rights Reserved. 22 W. Washington St. Chicago, IL 60602