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Trending ETFs

Name

As of 03/27/2024

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

$15.59

$783 M

2.06%

$0.32

1.44%

Vitals

YTD Return

3.2%

1 yr return

8.7%

3 Yr Avg Return

3.4%

5 Yr Avg Return

4.3%

Net Assets

$783 M

Holdings in Top 10

86.4%

52 WEEK LOW AND HIGH

$15.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.44%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 25.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

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

$15.59

$783 M

2.06%

$0.32

1.44%

JAARX - Profile

Distributions

  • YTD Total Return 3.2%
  • 3 Yr Annualized Total Return 3.4%
  • 5 Yr Annualized Total Return 4.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.88%
DIVIDENDS
  • Dividend Yield 2.1%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Alternative Asset Allocation Fund
  • Fund Family Name
    John Hancock Group of Funds
  • Inception Date
    Aug 31, 2011
  • Shares Outstanding
    N/A
  • Share Class
    R6
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Nathan Thooft

Fund Description

The fund seeks to achieve its objective by investing in alternative asset classes. The fund invests in other funds as well as other types of investments as described below.The fund allocates its assets among other affiliated and unaffiliated underlying funds, including exchange-traded funds (ETFs), that emphasize alternative or nontraditional asset categories or investment strategies such as international small-cap stocks, emerging-market equity, commodities, market neutral (long/short), global real estate, natural resources, TIPS (Treasury Inflation-Protected Securities), global bonds, high yield, bank loans, foreign currency trading strategies, absolute return strategies, managed futures, arbitrage strategies, tactical investment strategies, and emerging-market debt. Direct investments in loans may be illiquid and holding a loan could expose the fund to the risks of being a direct lender. The fund may purchase any underlying funds except other funds of funds. The fund may also invest directly in exchange-traded notes (ETNs). The fund may use a portion of its assets to employ a market neutral (long/short) strategy by simultaneously purchasing a security and entering into a short sale on the security.The fund may use various investment strategies such as hedging and other related transactions, including derivative instruments such as options, futures, and swaps. Derivatives may be used for hedging purposes, including hedging various market risks and managing the effective maturity or duration of debt instruments held by the fund. These strategies also may be used to gain exposure to a particular security or securities market. The fund also may purchase and sell commodities and may enter into swap contracts and other commodity-linked derivative instruments, including those linked to physical commodities.
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JAARX - Performance

Return Ranking - Trailing

Period JAARX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.2% -73.0% 19.4% 37.99%
1 Yr 8.7% -9.1% 86.9% 39.27%
3 Yr 3.4%* -9.5% 16.2% 39.76%
5 Yr 4.3%* -4.9% 14.4% 29.60%
10 Yr 3.0%* -0.9% 7.5% 43.62%

* Annualized

Return Ranking - Calendar

Period JAARX Return Category Return Low Category Return High Rank in Category (%)
2023 4.1% -22.7% 305.1% 33.33%
2022 -6.0% -9.8% 27.3% 43.55%
2021 3.0% -20.8% 10.9% 56.44%
2020 3.7% -12.4% 29.4% 25.74%
2019 5.4% -10.5% 15.8% 27.23%

Total Return Ranking - Trailing

Period JAARX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.2% -73.0% 19.4% 38.35%
1 Yr 8.7% -13.4% 86.9% 36.00%
3 Yr 3.4%* -9.5% 16.2% 36.55%
5 Yr 4.3%* -5.3% 14.4% 26.91%
10 Yr 3.0%* -0.9% 7.5% 41.49%

* Annualized

Total Return Ranking - Calendar

Period JAARX Return Category Return Low Category Return High Rank in Category (%)
2023 6.3% -22.7% 305.1% 33.70%
2022 -2.7% -9.8% 27.3% 43.95%
2021 5.2% -20.8% 10.9% 26.67%
2020 4.8% -8.4% 29.4% 33.17%
2019 9.4% -10.2% 18.0% 28.27%

NAV & Total Return History


JAARX - Holdings

Concentration Analysis

JAARX Category Low Category High JAARX % Rank
Net Assets 783 M 1.5 M 5.01 B 28.04%
Number of Holdings 15 4 4478 91.17%
Net Assets in Top 10 647 M -398 M 2.55 B 16.96%
Weighting of Top 10 86.40% 13.1% 100.0% 21.10%

Top 10 Holdings

  1. JHF II GLBL ABS RET ATRAT MUTUAL FUND 12.95%
  2. JPMORGAN HEDGED EQUITY FUND JPMORGAN HEDGED EQUITY-R6 12.88%
  3. JHF Seaport Long/Short FUND MUTUAL FUND 11.08%
  4. ARBITRAGE FUND/THE THE ARBITRAGE FUND-I 9.08%
  5. VICTORY MARKET NEUTRAL INCOME VICTORY MRKT NTRL INC-I 8.19%
  6. JHFII STRAT INCOME OPP FUND NAV CLASS 7.81%
  7. JOHN HANCOCK INVT TR MUTUAL FUND 7.81%
  8. CALAMOS MARKET NEUTRAL INCOME CALAMOS MRKT NEU INC-I 6.98%
  9. VIRTUS ALPHASIMPLEX MANAGED FU VIRTUS ALPHASIM MGD FUT-R6 4.82%
  10. JHF Enduring Assets Fund MUTUAL FUND 4.80%

Asset Allocation

Weighting Return Low Return High JAARX % Rank
Stocks
95.86% -3.75% 97.95% 25.09%
Cash
4.38% -6278.21% 410.43% 50.53%
Convertible Bonds
2.23% 0.00% 87.92% 37.10%
Preferred Stocks
0.00% -0.12% 46.97% 22.26%
Other
0.00% -21.53% 148.54% 57.24%
Bonds
0.00% -326.45% 6347.80% 42.76%

Stock Sector Breakdown

Weighting Return Low Return High JAARX % Rank
Technology
21.03% 0.00% 39.58% 20.87%
Healthcare
16.14% 0.00% 45.63% 10.24%
Financial Services
13.77% 0.00% 59.28% 59.06%
Communication Services
9.52% 0.00% 21.78% 30.71%
Industrials
9.24% 0.00% 21.45% 54.33%
Consumer Cyclical
7.97% 0.00% 29.09% 80.71%
Utilities
6.99% 0.00% 9.23% 0.79%
Consumer Defense
6.60% 0.00% 13.62% 66.93%
Real Estate
4.52% 0.00% 51.26% 19.29%
Energy
2.64% 0.00% 100.00% 70.08%
Basic Materials
1.57% 0.00% 27.46% 84.25%

Stock Geographic Breakdown

Weighting Return Low Return High JAARX % Rank
US
95.86% -8.85% 91.88% 26.50%
Non US
0.00% -19.62% 42.11% 31.80%

JAARX - Expenses

Operational Fees

JAARX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.44% 0.29% 31.15% 98.20%
Management Fee 0.45% 0.00% 2.50% 4.95%
12b-1 Fee 0.00% 0.00% 1.00% 1.35%
Administrative Fee N/A 0.01% 0.30% N/A

Sales Fees

JAARX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

JAARX 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.

JAARX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 25.00% 0.00% 491.00% 18.55%

JAARX - Distributions

Dividend Yield Analysis

JAARX Category Low Category High JAARX % Rank
Dividend Yield 2.06% 0.00% 4.56% 4.95%

Dividend Distribution Analysis

JAARX Category Low Category High Category Mod
Dividend Distribution Frequency None Annually Quarterly Annually

Net Income Ratio Analysis

JAARX Category Low Category High JAARX % Rank
Net Income Ratio 0.88% -2.51% 6.83% 34.53%

Capital Gain Distribution Analysis

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

Distributions History

View More +

JAARX - Fund Manager Analysis

Managers

Nathan Thooft


Start Date

Tenure

Tenure Rank

May 15, 2013

9.05

9.1%

Mr. Thooft is a managing Director of Asset Allocation, Portfolio Solutions Group (PSG). He joined John Hancock Investment Management a division of Manulife Investment Management (US) LLC in 2013. Previously, he was Vice President and Director of Investments, Investment Management Services, John Hancock Financial (2008-2011). He began business career in 2000.

Christopher Walsh


Start Date

Tenure

Tenure Rank

Feb 20, 2018

4.28

4.3%

Christopher Walsh, CFA, is a managing director and portfolio manager with the Asset Allocation Team at Manulife Investment Management. The Asset Allocation Team is responsible for the development and growth of Manulife’s asset allocation solutions for individual and institutional investors in the US, Canada and Asia. Solutions include target risk, target date as well as a wide array of strategic, tactical, absolute return multi-asset class portfolios, and highly customized corporate pension plans. Chris assists in the day-to-day monitoring and portfolio management of many of the Team’s alternative, opportunistic and absolute-return-oriented strategies. In addition, Chris has been responsible for developing many of the multi-factor models the team utilizes to augment its opportunistic investment process as well as providing asset class research and recommendations. Prior to joining Manulife, Chris was a quantitative investment associate for Putnam Investments, where he conducted quantitative factor research, portfolio backtests, risk and performance reporting, and quantitative model maintenance. Chris is a CFA charterholder, and he is a member of the CFA Society Boston, Inc. and the CFA Institute. Education: Boston College, BS Finance and Information Systems, 2002; Boston College, MBA 2007 Joined Company: 2009 Began Career: 2002

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 17.37 4.48 1.67