John Hancock Government Income Fund changes high-yield restrictions

By Toni Weeks

San Diego, Dec. 7 - John Hancock Bond Trust's John Hancock Government Income Fund changed its policy concerning investments in high-yield securities, according to a 497 filing with the Securities and Exchange Commission.

The fund may still invest 10% or less of its total assets in high-yielding, fixed-income securities rated below investment grade, but it may not invest in securities that are rated lower than B by at least two nationally recognized statistical rating organizations.

Previously, the fund could not invest in securities rated lower than B by one nationally recognized statistical rating organization.

The fund is managed by Boston-based John Hancock Advisers, LLC.

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