Continue to site >
Trending ETFs

Name

As of 04/22/2022

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

$44.70

$23.4 M

4.66%

$2.08

0.49%

Vitals

YTD Return

-12.0%

1 yr return

-2.5%

3 Yr Avg Return

3.5%

5 Yr Avg Return

N/A

Net Assets

$23.4 M

Holdings in Top 10

40.4%

52 WEEK LOW AND HIGH

$44.7
$44.54
$52.38

Expenses

OPERATING FEES

Expense Ratio 0.49%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 17.00%

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 04/22/2022

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

$44.70

$23.4 M

4.66%

$2.08

0.49%

JRIFX - Profile

Distributions

  • YTD Total Return -12.0%
  • 3 Yr Annualized Total Return 3.5%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.93%
DIVIDENDS
  • Dividend Yield 4.7%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    John Hancock Retirement Income 2040 Fund
  • Fund Family Name
    John Hancock
  • Inception Date
    Jul 06, 2017
  • Shares Outstanding
    500911
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jean-Francois Giroux

Fund Description

Under normal market conditions, the fund invests in one or more underlying funds and other investments according to a “spend-down” (self-liquidating) distribution strategy designed to provide shareholders with regular cash distributions through December 2040. Distributions may include income, capital gains, and a return of capital. The fund anticipates that such distributions will be made on a quarterly basis, but the fund may increase or decrease distribution frequency in the future.
The fund may allocate investments among asset classes including, but not limited to, equity, fixed-income, and cash and cash equivalents (including money market funds), as well as underlying funds that invest in such securities. The fund may invest in securities of domestic and foreign issuers of any market capitalization. The fund’s asset allocation strategy is designed to accommodate the fund’s investment objective of maintaining and potentially increasing cash distributions through December 2040. The fund is not a traditional target date fund, in that it does not seek total return driven by a target retirement date. Rather, the manager uses a quantitative liability-driven investment (LDI) approach that seeks to manage duration and balance investment risk and return while providing distribution payments through December 2040. The fund’s investment allocations may vary. The fund may focus its investments in a particular sector or sectors of the economy.
The fund expects to allocate its assets broadly in its earlier years of operation. The manager intends to hold significant exposures to investment-grade fixed-income securities, combined with a smaller weighting of equity investments.
The fund intends to gain exposure to fixed-income investments with a wide range of durations. The fund anticipates that the average duration of fixed-income holdings across the portfolio will be longer initially than it will be as the fund approaches its investment horizon, with average duration decreasing over time. The fund typically will have a greater exposure to fixed-income securities than to equity securities, although these allocations are not static and may be changed at the manager’s discretion. The fund’s exposure to equity securities is designed to provide growth of capital, which may result in increased distributions over time. The fund may be exclusively or nearly exclusively exposed to fixed-income securities or cash and cash equivalents as it nears its investment horizon.
The fund does not guarantee that any particular level of distributions will be maintained until December 2040. The target distribution amount per share for the fund’s scheduled distributions will be determined in advance based on considerations including fund performance and market conditions, although it may vary from year to year or more frequently at the manager’s discretion. While the fund seeks to generate a stable distribution with potential periodic increases over time, distribution amounts are not fixed and may not be the same for each distribution. In addition, the fund’s net assets are expected to decline over the life of the fund, with all or substantially all of the fund’s assets being distributed by December 2040.
The fund anticipates that distributions will consist primarily of investment income, short-term and/or long-term capital gains, and return of capital. The portion of distributions treated as a return of capital for tax purposes may increase over time, particularly as the fund nears its investment horizon. A return of capital is the return of all or a portion of a shareholder’s investment in the fund. The fund may make one or more additional distributions annually consisting wholly or in part of realized capital gains, consistent with applicable law, to satisfy the requirements for eligibility as a regulated investment company that is accorded special tax treatment under the Internal Revenue Code of 1986, as amended, (the “Code”) and to reduce or eliminate tax at the fund-level. For the strategy to work as intended, any such additional distribution should be reinvested in the fund. For more information about the fund’s distribution policies, see “Dividends and Account Policies” on pages 32 to 33 of this prospectus.
The fund may engage in derivative transactions, including foreign currency forward contracts, futures contracts, swaps, and options, to reduce risk, obtain efficient market exposure, and/or enhance investment returns.
Read More

JRIFX - Performance

Return Ranking - Trailing

Period JRIFX Return Category Return Low Category Return High Rank in Category (%)
YTD -12.0% -13.4% 10.5% 96.26%
1 Yr -2.5% -10.8% 17.2% 91.89%
3 Yr 3.5%* -0.5% 10.2% 83.43%
5 Yr N/A* -2.7% 7.7% N/A
10 Yr N/A* 2.1% 6.5% N/A

* Annualized

Return Ranking - Calendar

Period JRIFX Return Category Return Low Category Return High Rank in Category (%)
2023 -4.6% -9.5% 14.6% 95.58%
2022 6.2% -6.7% 11.1% 12.21%
2021 9.1% 3.0% 11.8% 26.04%
2020 -10.2% -14.7% -1.2% 87.20%
2019 N/A -3.3% 14.3% N/A

Total Return Ranking - Trailing

Period JRIFX Return Category Return Low Category Return High Rank in Category (%)
YTD -12.0% -14.2% 10.5% 95.72%
1 Yr -2.5% -14.5% 22.0% 76.47%
3 Yr 3.5%* -1.5% 10.2% 71.75%
5 Yr N/A* -3.0% 7.7% N/A
10 Yr N/A* 2.1% 6.5% N/A

* Annualized

Total Return Ranking - Calendar

Period JRIFX Return Category Return Low Category Return High Rank in Category (%)
2023 -4.6% -9.5% 14.6% 95.58%
2022 6.2% -6.7% 11.1% 12.21%
2021 9.1% 3.0% 12.1% 26.04%
2020 -8.0% -14.7% 0.4% 76.83%
2019 N/A -3.3% 17.4% N/A

NAV & Total Return History


JRIFX - Holdings

Concentration Analysis

JRIFX Category Low Category High JRIFX % Rank
Net Assets 23.4 M 1.63 M 6.55 B 88.83%
Number of Holdings 158 3 7748 25.79%
Net Assets in Top 10 9.79 M -216 M 5.49 B 86.84%
Weighting of Top 10 40.42% 6.5% 100.0% 76.67%

Top 10 Holdings

  1. JHFunds2 Strategic Equity Allc NAV 13.00%
  2. United States Treasury Bonds 4.5% 5.79%
  3. United States Treasury Bonds 4.5% 4.11%
  4. United States Treasury Bonds 4.75% 3.07%
  5. United States Treasury Bonds 4.375% 3.06%
  6. United States Treasury Bonds 5% 2.75%
  7. United States Treasury Bonds 5.375% 2.46%
  8. United States Treasury Bonds 3.5% 2.45%
  9. United States Treasury Bonds 4.25% 1.93%
  10. United States Treasury Bonds 4.625% 1.91%

Asset Allocation

Weighting Return Low Return High JRIFX % Rank
Bonds
86.32% 20.51% 133.41% 1.58%
Stocks
12.27% 0.58% 49.31% 87.89%
Cash
0.94% -60.21% 71.43% 89.47%
Convertible Bonds
0.47% 0.00% 12.47% 88.42%
Preferred Stocks
0.00% 0.00% 41.28% 76.84%
Other
0.00% -7.48% 24.46% 75.26%

Stock Sector Breakdown

Weighting Return Low Return High JRIFX % Rank
Technology
19.37% 0.26% 29.63% 35.79%
Financial Services
17.21% 0.00% 25.76% 6.84%
Consumer Cyclical
12.16% 0.00% 16.19% 18.42%
Industrials
10.79% 0.00% 29.12% 43.68%
Healthcare
8.15% 0.00% 21.78% 87.37%
Consumer Defense
7.84% 0.00% 23.98% 16.32%
Communication Services
7.56% 0.00% 12.65% 45.79%
Basic Materials
5.30% 0.00% 25.61% 18.42%
Energy
4.67% 0.00% 27.56% 30.00%
Real Estate
4.11% 0.00% 85.67% 54.74%
Utilities
2.83% 0.00% 88.60% 56.84%

Stock Geographic Breakdown

Weighting Return Low Return High JRIFX % Rank
US
7.53% 0.54% 48.77% 93.16%
Non US
4.74% -2.96% 12.21% 56.84%

Bond Sector Breakdown

Weighting Return Low Return High JRIFX % Rank
Government
59.04% 0.00% 63.25% 3.16%
Corporate
39.88% 0.41% 98.49% 43.16%
Cash & Equivalents
1.08% 0.00% 76.02% 99.47%
Derivative
0.00% 0.00% 22.22% 63.68%
Securitized
0.00% 0.00% 60.94% 95.26%
Municipal
0.00% 0.00% 21.59% 68.42%

Bond Geographic Breakdown

Weighting Return Low Return High JRIFX % Rank
US
81.74% 15.09% 133.41% 1.05%
Non US
4.58% -8.93% 31.20% 81.05%

JRIFX - Expenses

Operational Fees

JRIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.49% 0.11% 3.16% 91.05%
Management Fee 0.40% 0.00% 1.25% 65.96%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

JRIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 4.50% N/A

Trading Fees

JRIFX 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.

JRIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 17.00% 2.00% 394.00% 19.76%

JRIFX - Distributions

Dividend Yield Analysis

JRIFX Category Low Category High JRIFX % Rank
Dividend Yield 4.66% 0.00% 2.37% 6.84%

Dividend Distribution Analysis

JRIFX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Net Income Ratio Analysis

JRIFX Category Low Category High JRIFX % Rank
Net Income Ratio 1.93% -1.30% 6.83% 44.02%

Capital Gain Distribution Analysis

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

Distributions History

View More +

JRIFX - Fund Manager Analysis

Managers

Jean-Francois Giroux


Start Date

Tenure

Tenure Rank

Jul 06, 2017

4.74

4.7%

Jean-Francois Giroux, FRM, CFA, is a managing director and portfolio manager, with the Quantitative Management Team for Manulife Investment Management. He is responsible for the portfolio management of LDI and fixed income index mandates. He works jointly with the Team’s Quantitative Research and Risk Management professionals in the development of quantitative strategies and the implementation of LDI mandates. Education: HEC Montréal, B.A.A. in Finance, 1999; HEC Montréal, Masters in Financial Engineering, 2002 Joined Company: 2015 Began Career: 2001

Nicholas Del Campo


Start Date

Tenure

Tenure Rank

Jul 06, 2017

4.74

4.7%

Nicholas Scipio del Campo, CFA, is a managing director and portfolio manager with the Quantitative Management Team for Manulife Investment Management. Nicholas is responsible for the portfolio management of LDI and passive fixed income mandates. He works closely with the Team’s Quantitative Research and Risk Management personnel in developing and implementing LDI mandates. Education: Queens’ University, BSc in Mathematics and Engineering, 2002; Université de Montréal, MSc in Mathematical & Computational Finance, 2005 Joined Company: 2015 Began Career: 2005

Sonia Chatigny


Start Date

Tenure

Tenure Rank

Jul 06, 2017

4.74

4.7%

Sonia Chatigny, CFA, is a managing director and portfolio manager with the Quantitative Management Team at Manulife Investment Management. Sonia is responsible for the portfolio management of Liability-Driven Investments (LDI) and Bond Index mandates. She works jointly with the team’s Research and Risk Management personnel in the development of quantitative strategies and the implementation of new LDI mandates. Education: Université Laval, BSc in Actuarial Science, 1994; Université Laval, MSc in Finance, 1996 Joined Company: 2015 Began Career: 1996

Nadia Live


Start Date

Tenure

Tenure Rank

Jul 06, 2017

4.74

4.7%

Nadia Live, CFA, is a managing director and portfolio manager with the Quantitative Management Team for Manulife Investment Management. Nadia is responsible for the portfolio management of Liability-Driven Investments (LDI), including goals-based investment solutions, as well as fixed income index mandates. Education: Université de Montréal, BSc in Mathematics, 1994; École Polytechnique de Montréal, MScA Mathematics for Engineers, 1997 Joined Company: 2015 Began Career: 1998

Serge Lapierre


Start Date

Tenure

Tenure Rank

Jul 06, 2017

4.74

4.7%

Serge Lapierre, FCIA, FSA, is the global head of Liability-Driven Investments (LDI) Research and senior managing director, Quantitative Management for Manulife Investment Management. He is responsible for quantitative research, modeling, financial engineering and risk management. Serge joined Manulife Asset Management when Standard Life's Canadian operations were acquired by Manulife in January 2015. Education: Université de Montréal, B.Sc. in Mathematics with a major in Actuarial Science, 1994 Joined Company: 2015 Began Career: 1994

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 26.79 5.6 2.25