A John Hancock [profile] PM will leave three bond mutual funds in about a month. The three funds have about $1.08 billion in combined AUM.

Dianne Sales John Hancock Asset Management Managing Director, Senior Portfolio Manager

A filing with the SEC confirms that on March 1, Dianne Sales will no longer PM three funds: the three-star, $282-million John Hancock California Tax-Free Income Fund; the two-star, $198.9-million John Hancock High Yield Municipal Bond Fund; and the three-star, $594.8-million John Hancock Tax-Free Bond Fund. Cynthia Brown, who has PMed the three funds alongside Sales, will continue to PM them.

A spokeswoman for Hancock declined to comment for this story.

Sales is a managing director and senior PM for John Hancock Asset Management, and she has PMed all three funds since 1995. She previously worked with Bear Stearns and is an alumnus of Boston College.

Cynthia Brown John Hancock Asset Management Managing Director, Municipal Bond Portfolio Manager

Brown is a managing director and muni bond PM for John Hancock Asset Management, and she joined all three funds last year. She is an alumnus of Boston University and previously worked with Sterne Agee & Leach, Gannet Welsh & Kotler, Dexia Bank, and MFS. 

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