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Name

As of 04/16/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Real Estate Securities Fund

JIREX | Fund

$10.62

$252 M

2.50%

$0.27

0.86%

Vitals

YTD Return

-6.4%

1 yr return

3.2%

3 Yr Avg Return

-0.9%

5 Yr Avg Return

3.6%

Net Assets

$252 M

Holdings in Top 10

54.6%

52 WEEK LOW AND HIGH

$10.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.86%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 122.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/16/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Real Estate Securities Fund

JIREX | Fund

$10.62

$252 M

2.50%

$0.27

0.86%

JIREX - Profile

Distributions

  • YTD Total Return -6.4%
  • 3 Yr Annualized Total Return -0.9%
  • 5 Yr Annualized Total Return 3.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.45%
DIVIDENDS
  • Dividend Yield 2.5%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Real Estate Securities Fund
  • Fund Family Name
    John Hancock
  • Inception Date
    Oct 17, 2005
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Bradford Stoesser

Fund Description

Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of real estate investment trusts (“REITs”) and real estate companies. Equity securities include common stock, preferred stock and securities convertible into common stock.A company is considered to be a real estate company if the Global Industry Classification Standards includes the company within its Real Estate sector or Hotels, Restaurants & Leisure Industry or Homebuilding sub-industry.The manager looks for real estate securities it believes will provide superior returns to the fund, and attempts to focus on companies with the potential for stock price appreciation and a record of paying dividends. This may include companies of any market capitalization, including small and mid-sized companies.The manager’s approach to real estate investing is based on a bottom-up analysis of factors affecting individual securities, combined with a top-down analysis of the real estate market. The manager believes that property markets overly discount and extrapolate short-term events and that a research-intensive and long-term focus are the keys to sustainable returns. By focusing on multiple metrics to determine the value of a company, the manager is able to identify mis-pricing between stock prices and fundamentals, and ultimately invest in what the manager believes are long-term winners at below market valuations. The manager’s bottom-up research coupled with top-down trends in the property markets allow the manager to effectively capture inflection points and own companies with dominant and improving market positions before their true value is recognized by the broader investment community.A REIT invests primarily in income-producing real estate or makes loans to persons involved in the real estate industry.Some REITs, called equity REITs, buy real estate and pay investors income from the rents received from the real estate owned by the REIT and from any profits on the sale of its properties. Other REITs, called mortgage REITs, lend money to building developers and other real estate companies and pay investors income from the interest paid on those loans. There are also hybrid REITs which engage in both owning real estate and making loans.If a REIT meets certain requirements, it is not taxed on the income it distributes to its investors.The fund may realize some short-term gains or losses if the manager chooses to sell a security because it believes that one or more of the following is true:•A security is not fulfilling its investment purpose;•A security has reached its optimum valuation; or•A particular company or general economic conditions have changed.Based on its recent practices, the manager expects that the fund’s assets will be invested primarily in equity REITs. In changing market conditions, the fund may invest in other types of REITs.When the manager believes that it is prudent, the fund may invest a portion of its assets in other types of securities. These securities may include convertible securities, short-term securities, bonds, notes, securities of companies not principally engaged in the real estate industry, non-leveraged stock index futures contracts and other similar securities. (Stock index futures contracts can help the fund’s cash assets remain liquid while performing more like stocks.)The fund may invest up to 10% of its total assets in securities of foreign real estate companies.The fund is a non-diversified fund, which means that it may invest in a smaller number of issuers than a diversified fund and may invest more of its assets in the securities of a single issuer. The fund concentrates its investments in securities of issuers in the real estate industry.The fund may invest in cash or money market instruments for the purpose of meeting redemption requests or making other anticipated cash payments.
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JIREX - Performance

Return Ranking - Trailing

Period JIREX Return Category Return Low Category Return High Rank in Category (%)
YTD -6.4% -14.6% 3.5% 22.83%
1 Yr 3.2% -14.1% 18.7% 12.99%
3 Yr -0.9%* -12.5% 10.3% 30.65%
5 Yr 3.6%* -11.5% 13.3% 24.56%
10 Yr 6.0%* -1.7% 14.2% 22.37%

* Annualized

Return Ranking - Calendar

Period JIREX Return Category Return Low Category Return High Rank in Category (%)
2023 10.3% -17.6% 24.6% 21.26%
2022 -37.2% -51.3% 2.7% 83.00%
2021 30.3% -7.7% 52.3% 61.29%
2020 -7.3% -42.2% 35.0% 33.76%
2019 18.6% -0.6% 43.1% 51.11%

Total Return Ranking - Trailing

Period JIREX Return Category Return Low Category Return High Rank in Category (%)
YTD -6.4% -14.6% 3.5% 22.83%
1 Yr 3.2% -14.1% 18.7% 12.99%
3 Yr -0.9%* -12.5% 10.3% 30.65%
5 Yr 3.6%* -11.5% 13.3% 24.56%
10 Yr 6.0%* -1.7% 14.2% 22.37%

* Annualized

Total Return Ranking - Calendar

Period JIREX Return Category Return Low Category Return High Rank in Category (%)
2023 12.9% -14.0% 25.0% 30.31%
2022 -28.5% -40.7% 7.8% 84.98%
2021 46.5% 7.8% 54.6% 13.71%
2020 -5.5% -36.6% 44.3% 58.97%
2019 29.3% 3.4% 46.4% 32.44%

NAV & Total Return History

JIREX - Holdings

Concentration Analysis

JIREX Category Low Category High JIREX % Rank
Net Assets 252 M 2.26 M 63.6 B 56.20%
Number of Holdings 35 18 513 64.21%
Net Assets in Top 10 128 M 711 K 30.4 B 59.04%
Weighting of Top 10 54.61% 16.9% 82.2% 49.08%

Top 10 Holdings

  1. PROLOGIS INC REIT USD.01 11.29%
  2. EQUINIX INC REIT USD.001 9.16%
  3. WELLTOWER INC REIT USD1.0 6.19%
  4. AVALONBAY COMMUNITIES INC REIT USD.01 5.42%
  5. PUBLIC STORAGE REIT USD.1 4.86%
  6. AMERICAN HOMES 4 RENT REIT USD.01 3.92%
  7. BRIXMOR PROPERTY GROUP INC REIT USD.01 3.90%
  8. ESSEX PROPERTY TRUST INC REIT USD.0001 3.50%
  9. EASTGROUP PROPERTIES INC REIT 3.30%
  10. VICI PROPERTIES INC REIT USD.01 3.07%

Asset Allocation

Weighting Return Low Return High JIREX % Rank
Stocks 		99.43% 0.00% 106.01% 24.35%
Cash 		0.57% -42.50% 20.74% 73.80%
Preferred Stocks 		0.00% 0.00% 31.13% 73.06%
Other 		0.00% -89.96% 112.19% 69.00%
Convertible Bonds 		0.00% 0.00% 10.95% 70.37%
Bonds 		0.00% -3.17% 148.00% 72.69%

Stock Sector Breakdown

Weighting Return Low Return High JIREX % Rank
Real Estate 		96.65% 34.46% 100.00% 78.21%
Consumer Cyclical 		2.82% 0.00% 45.29% 11.67%
Healthcare 		0.53% 0.00% 0.53% 1.95%
Utilities 		0.00% 0.00% 3.55% 68.87%
Technology 		0.00% 0.00% 12.02% 76.26%
Industrials 		0.00% 0.00% 7.39% 71.98%
Financial Services 		0.00% 0.00% 37.05% 72.76%
Energy 		0.00% 0.00% 33.11% 70.43%
Communication Services 		0.00% 0.00% 11.61% 72.76%
Consumer Defense 		0.00% 0.00% 0.93% 68.87%
Basic Materials 		0.00% 0.00% 13.69% 70.82%

Stock Geographic Breakdown

Weighting Return Low Return High JIREX % Rank
US 		99.43% 0.00% 106.01% 19.19%
Non US 		0.00% 0.00% 41.39% 71.96%

JIREX - Expenses

Operational Fees

JIREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.86% 0.07% 24.62% 73.88%
Management Fee 0.70% 0.00% 1.50% 40.96%
12b-1 Fee 0.05% 0.00% 1.00% 22.31%
Administrative Fee N/A 0.01% 0.45% 89.86%

Sales Fees

JIREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.00% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

JIREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

JIREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 122.00% 0.11% 380.00% 87.30%

JIREX - Distributions

Dividend Yield Analysis

JIREX Category Low Category High JIREX % Rank
Dividend Yield 2.50% 0.00% 12.72% 52.40%

Dividend Distribution Analysis

JIREX Category Low Category High Category Mod
Dividend Distribution Frequency None Quarterly Quarterly Quarterly

Net Income Ratio Analysis

JIREX Category Low Category High JIREX % Rank
Net Income Ratio 1.45% -1.14% 6.05% 28.73%

Capital Gain Distribution Analysis

JIREX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

JIREX - Fund Manager Analysis

Managers

Bradford Stoesser

Start Date

Tenure

Tenure Rank

Nov 16, 2020

1.54

1.5%

Bradford Stoesser, Vice President and Global Industry Analyst of Wellington Management, has served as portfolio manager of The Real Estate Securities Portfolio since September 1, 2010. Mr. Stoesser joined Wellington Management as an investment professional in 2005.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 28.42 7.89 2.23

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