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Trending ETFs

Alternative Asset Allocation Fund

mutual fund
JAAAX
Payout Change
Pending
Price as of:
$16.12 +0.05 +0.31%
primary theme
N/A
share class
R6 (JAARX) R4 (JAASX) A (JAAAX) I (JAAIX) C (JAACX) R2 (JAAPX)
JAAAX (Mutual Fund)

Alternative Asset Allocation Fund

Payout Change
Pending
Price as of:
$16.12 +0.05 +0.31%
primary theme
N/A
share class
R6 (JAARX) R4 (JAASX) A (JAAAX) I (JAAIX) C (JAACX) R2 (JAAPX)
JAAAX (Mutual Fund)

Alternative Asset Allocation Fund

Payout Change
Pending
Price as of:
$16.12 +0.05 +0.31%
primary theme
N/A
share class
R6 (JAARX) R4 (JAASX) A (JAAAX) I (JAAIX) C (JAACX) R2 (JAAPX)

Name

As of 12/23/2024

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

Alternative Asset Allocation Fund

JAAAX | Fund

$16.12

$786 M

1.61%

$0.26

1.86%

Vitals

YTD Return

6.8%

1 yr return

7.0%

3 Yr Avg Return

3.1%

5 Yr Avg Return

3.7%

Net Assets

$786 M

Holdings in Top 10

88.2%

52 WEEK LOW AND HIGH

$16.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.86%

SALES FEES

Front Load 5.00%

Deferred Load N/A

TRADING FEES

Turnover 25.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/23/2024

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

Alternative Asset Allocation Fund

JAAAX | Fund

$16.12

$786 M

1.61%

$0.26

1.86%

JAAAX - Profile

Distributions

  • YTD Total Return 6.8%
  • 3 Yr Annualized Total Return 3.1%
  • 5 Yr Annualized Total Return 3.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.47%
DIVIDENDS
  • Dividend Yield 1.6%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Alternative Asset Allocation Fund
  • Fund Family Name
    John Hancock Group of Funds
  • Inception Date
    Apr 01, 2010
  • Shares Outstanding
    N/A
  • Share Class
    A
  • 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. The managers consider environmental, social, and/or governance (ESG) factors, alongside other relevant factors, as part of its investment process. ESG factors may include, but are not limited to, matters regarding board diversity, climate change policies, and supply chain and human rights policies. The ESG characteristics utilized in the fund’s investment process may change over time and one or more characteristics may not be relevant with respect to all issuers that are eligible fund investments.
Read More

JAAAX - Performance

Return Ranking - Trailing

Period JAAAX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.8% -73.0% 19.4% 40.50%
1 Yr 7.0% -9.1% 86.9% 41.09%
3 Yr 3.1%* -9.5% 16.2% 50.60%
5 Yr 3.7%* -4.9% 14.4% 38.12%
10 Yr 3.0%* -0.9% 7.5% 55.32%

* Annualized

Return Ranking - Calendar

Period JAAAX Return Category Return Low Category Return High Rank in Category (%)
2023 4.1% -22.7% 305.1% 35.93%
2022 -6.0% -9.8% 27.3% 45.16%
2021 3.0% -20.8% 10.9% 54.22%
2020 3.6% -12.4% 29.4% 26.73%
2019 5.4% -10.5% 15.8% 29.84%

Total Return Ranking - Trailing

Period JAAAX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.8% -73.0% 19.4% 40.50%
1 Yr 7.0% -13.4% 86.9% 58.55%
3 Yr 3.1%* -9.5% 16.2% 67.87%
5 Yr 3.7%* -5.3% 14.4% 57.85%
10 Yr 3.0%* -0.9% 7.5% 65.96%

* Annualized

Total Return Ranking - Calendar

Period JAAAX Return Category Return Low Category Return High Rank in Category (%)
2023 5.8% -22.7% 305.1% 36.30%
2022 -3.1% -9.8% 27.3% 45.56%
2021 4.8% -20.8% 10.9% 31.56%
2020 4.4% -8.4% 29.4% 41.09%
2019 9.0% -10.2% 18.0% 32.98%

NAV & Total Return History

JAAAX - Holdings

Concentration Analysis

JAAAX Category Low Category High JAAAX % Rank
Net Assets 786 M 1.5 M 5.01 B 29.52%
Number of Holdings 15 4 4478 92.58%
Net Assets in Top 10 695 M -398 M 2.55 B 18.37%
Weighting of Top 10 88.23% 13.1% 100.0% 22.94%

Top 10 Holdings

  1. JHF II GLBL ABS RET ATRAT MUTUAL FUND 13.16%
  2. JPMORGAN HEDGED EQUITY FUND JPMORGAN HEDGED EQUITY-R6 12.50%
  3. JHF Seaport Long/Short FUND MUTUAL FUND 10.85%
  4. VICTORY MARKET NEUTRAL INCOME VICTORY MRKT NTRL INC-I 9.44%
  5. ARBITRAGE FUND/THE THE ARBITRAGE FUND-I 8.99%
  6. CALAMOS MARKET NEUTRAL INCOME CALAMOS MRKT NEU INC-I 8.26%
  7. JHFII STRAT INCOME OPP FUND NAV CLASS 7.73%
  8. JOHN HANCOCK INVT TR MUTUAL FUND 7.16%
  9. JH COLLATERAL 5.11%
  10. VIRTUS ALPHASIMPLEX MANAGED FU VIRTUS ALPHASIM MGD FUT-R6 5.04%

Asset Allocation

Weighting Return Low Return High JAAAX % Rank
Stocks 		95.90% -3.75% 97.95% 26.50%
Cash 		5.11% -6278.21% 410.43% 51.94%
Convertible Bonds 		2.23% 0.00% 87.92% 38.52%
Preferred Stocks 		0.00% -0.12% 46.97% 23.67%
Other 		0.00% -21.53% 148.54% 58.66%
Bonds 		0.00% -326.45% 6347.80% 44.17%

Stock Sector Breakdown

Weighting Return Low Return High JAAAX % Rank
Technology 		21.03% 0.00% 39.58% 22.44%
Healthcare 		16.14% 0.00% 45.63% 11.81%
Financial Services 		13.77% 0.00% 59.28% 60.63%
Communication Services 		9.52% 0.00% 21.78% 32.28%
Industrials 		9.24% 0.00% 21.45% 55.91%
Consumer Cyclical 		7.97% 0.00% 29.09% 82.28%
Utilities 		6.99% 0.00% 9.23% 2.36%
Consumer Defense 		6.60% 0.00% 13.62% 68.50%
Real Estate 		4.52% 0.00% 51.26% 20.87%
Energy 		2.64% 0.00% 100.00% 71.65%
Basic Materials 		1.57% 0.00% 27.46% 86.22%

Stock Geographic Breakdown

Weighting Return Low Return High JAAAX % Rank
US 		95.90% -8.85% 91.88% 27.92%
Non US 		0.00% -19.62% 42.11% 33.22%

JAAAX - Expenses

Operational Fees

JAAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.86% 0.29% 31.15% 92.09%
Management Fee 0.46% 0.00% 2.50% 6.36%
12b-1 Fee 0.30% 0.00% 1.00% 65.54%
Administrative Fee N/A 0.01% 0.30% N/A

Sales Fees

JAAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.00% 2.50% 5.75% 75.00%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

JAAAX 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.

JAAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 25.00% 0.00% 491.00% 20.16%

JAAAX - Distributions

Dividend Yield Analysis

JAAAX Category Low Category High JAAAX % Rank
Dividend Yield 1.61% 0.00% 4.56% 54.77%

Dividend Distribution Analysis

JAAAX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Quarterly Annually

Net Income Ratio Analysis

JAAAX Category Low Category High JAAAX % Rank
Net Income Ratio 0.47% -2.51% 6.83% 48.56%

Capital Gain Distribution Analysis

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

Distributions History

View More +

JAAAX - 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

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