Prospectus Supplement
John Hancock California Tax-Free Income Fund (the Trust)
John Hancock California Municipal Bond Fund (formerly, John Hancock California Tax-Free Income Fund) (the fund)
Supplement dated June 23, 2022 to the current Summary Prospectus, as may be supplemented (the Summary Prospectus)
At its meeting held on June 20-23, 2022, the Trust’s Board of Trustees approved a reduction in the eligibility for investments in Class A shares with no front-end sales charge from $1 million to $250,000 and a change in the Contingent Deferred Sales Charge (CDSC) on such Class A share investments from 1% for the first year after purchase to 1% for the first 18 months after purchase, effective August 1, 2022. As a result, the “Shareholder fees” table in the “Fund summary” section is amended and restated as follows:
Shareholder fees (%) (fees paid directly from your investment) | A | C | I | R6 |
Maximum front-end sales charge (load) on purchases, as a % of purchase price | 4.00 | None | None | None |
Maximum deferred sales charge (load) as a % of purchase or sale price, whichever is less | 1.00 (on certain purchases, including those of $250,000 or more) |
1.00 | None | None |
Small account fee ($) (for fund account balances under $1,000) | 20 | 20 | None | None |
You should read this supplement in conjunction with the Summary Prospectus and retain it for your future reference.
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