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Multi-Asset Absolute Return Fund
mutual fund
JHARX
Payout Change
Pending
Price as of:
$10.11
+0.05
+0.5%
primary theme
Tactical Allocation
share class
JHARX (Mutual Fund)
Multi-Asset Absolute Return Fund
Payout Change
Pending
Price as of:
$10.11
+0.05
+0.5%
primary theme
Tactical Allocation
share class
JHARX (Mutual Fund)
Multi-Asset Absolute Return Fund
Payout Change
Pending
Price as of:
$10.11
+0.05
+0.5%
primary theme
Tactical Allocation
share class
Name
As of 12/24/2024Price
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
Vitals
YTD Return
4.2%
1 yr return
4.8%
3 Yr Avg Return
1.0%
5 Yr Avg Return
3.1%
Net Assets
$369 M
Holdings in Top 10
24.2%
52 WEEK LOW AND HIGH
$10.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.71%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 57.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
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
JHARX - Profile
Distributions
- YTD Total Return 4.2%
- 3 Yr Annualized Total Return 1.0%
- 5 Yr Annualized Total Return 3.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.21%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameMulti-Asset Absolute Return Fund
-
Fund Family NameJohn Hancock
-
Inception DateMar 01, 2012
-
Shares Outstanding112300
-
Share ClassR2
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerClaus Vorm
Fund Description
The fund may use an extensive range of investment strategies and invest in a wide spectrum of equity and fixed-income securities, as well as derivative instruments, in pursuing its investment objective.The fund may invest in equity securities of U.S. and foreign companies of various market capitalizations and fixed-income securities of companies and government and supranational entities around the world, including in emerging and developed markets. The fund is not subject to any maturity, market capitalization, or credit quality restrictions and may invest in high-yield below-investment-grade bonds (junk bonds) without limitation. The fund may invest significantly in particular economic sectors.The fund also may invest extensively in derivative instruments, which may relate to equity securities, fixed-income securities, interest rates, total return rates, currencies or currency exchange rates, or indexes. Derivatives, including futures, options, swaps (including credit default and variance swaps), and foreign currency forward contracts, may be used for both investment and hedging purposes.The manager seeks to maximize risk-adjusted absolute return by using multiple strategies across listed equity, equity-related, and debt securities, derivatives, or other instruments as part of a diversified portfolio. These strategies aim to exploit market cyclicality and a diverse array of inefficiencies across and within markets.The manager manages the fund’s investment strategies dynamically over time and will actively modify investment strategies and develop new strategies in response to additional research, changing market conditions, or other factors. The fund also may hold cash or invest its cash balances in cash equivalents and short-term investments, including money market funds.
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JHARX - Performance
Return Ranking - Trailing
| Period | JHARX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.2% | -5.3% | 34.1% | 78.60% |
| 1 Yr | 4.8% | -4.9% | 34.9% | 78.60% |
| 3 Yr | 1.0%* | -19.2% | 12.9% | 57.75% |
| 5 Yr | 3.1%* | -12.5% | 21.9% | 73.76% |
| 10 Yr | 2.0%* | -5.7% | 9.2% | 88.49% |
* Annualized
Return Ranking - Calendar
| Period | JHARX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.6% | -18.9% | 60.2% | 66.36% |
| 2022 | -8.5% | -48.5% | 0.1% | 10.80% |
| 2021 | 11.4% | -19.0% | 48.3% | 16.04% |
| 2020 | 1.3% | -16.5% | 52.8% | 77.72% |
| 2019 | -7.2% | -8.5% | 26.6% | 97.97% |
Total Return Ranking - Trailing
| Period | JHARX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.2% | -5.3% | 34.1% | 78.60% |
| 1 Yr | 4.8% | -4.9% | 34.9% | 78.60% |
| 3 Yr | 1.0%* | -19.2% | 12.9% | 57.75% |
| 5 Yr | 3.1%* | -12.5% | 21.9% | 73.76% |
| 10 Yr | 2.0%* | -5.7% | 9.2% | 88.49% |
* Annualized
Total Return Ranking - Calendar
| Period | JHARX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.6% | -11.7% | 61.8% | 81.78% |
| 2022 | -5.6% | -48.5% | 4.6% | 6.57% |
| 2021 | 11.4% | -14.2% | 48.3% | 52.36% |
| 2020 | 1.8% | -11.7% | 77.4% | 86.14% |
| 2019 | 8.9% | -3.9% | 28.4% | 80.71% |
NAV & Total Return History
JHARX - Holdings
Concentration Analysis
| JHARX | Category Low | Category High | JHARX % Rank | |
|---|---|---|---|---|
| Net Assets | 369 M | 2.31 M | 12 B | 40.47% |
| Number of Holdings | 645 | 2 | 2477 | 7.44% |
| Net Assets in Top 10 | 80.6 M | 1.55 M | 9.57 B | 56.74% |
| Weighting of Top 10 | 24.21% | 20.0% | 134.8% | 93.02% |
Top 10 Holdings
- ALPHABET INC COMMON STOCK USD.001 4.27%
- MICROSOFT CORP COMMON STOCK USD.00000625 3.75%
- AUTOMATIC DATA PROCESSING INC COMMON STOCK USD.1 2.62%
- VISA INC COMMON STOCK USD.0001 2.12%
- COCA-COLA CO/THE COMMON STOCK USD.25 2.11%
- NOVO NORDISK A/S COMMON STOCK DKK.1 2.06%
- PEPSICO INC COMMON STOCK USD.017 1.89%
- JOHNSON + JOHNSON COMMON STOCK USD1.0 1.88%
- MSCI INC COMMON STOCK USD.01 1.80%
- AUTOZONE INC COMMON STOCK USD.01 1.72%
Asset Allocation
| Weighting | Return Low | Return High | JHARX % Rank | |
|---|---|---|---|---|
| Stocks | 88.47% | 0.00% | 133.08% | 57.67% |
| Bonds | 7.20% | 0.00% | 106.59% | 32.56% |
| Cash | 3.63% | -33.22% | 90.14% | 45.12% |
| Other | 0.70% | -29.71% | 154.73% | 20.00% |
| Preferred Stocks | 0.00% | -0.16% | 5.36% | 70.70% |
| Convertible Bonds | 0.00% | 0.00% | 8.92% | 84.19% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | JHARX % Rank | |
|---|---|---|---|---|
| Healthcare | 23.06% | 0.00% | 38.63% | 7.73% |
| Technology | 18.45% | 0.00% | 85.77% | 41.44% |
| Consumer Defense | 16.37% | 0.00% | 37.51% | 9.39% |
| Consumer Cyclical | 11.10% | 0.00% | 25.83% | 25.97% |
| Communication Services | 10.67% | 0.00% | 21.61% | 8.84% |
| Financial Services | 9.17% | 0.00% | 98.22% | 72.93% |
| Industrials | 8.64% | 0.00% | 23.85% | 55.80% |
| Basic Materials | 1.18% | 0.00% | 56.73% | 83.43% |
| Utilities | 1.14% | 0.00% | 91.12% | 76.80% |
| Real Estate | 0.23% | 0.00% | 99.45% | 86.19% |
| Energy | 0.00% | 0.00% | 60.89% | 96.13% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | JHARX % Rank | |
|---|---|---|---|---|
| US | 72.06% | 0.00% | 133.08% | 60.47% |
| Non US | 16.41% | -1.94% | 37.95% | 7.44% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | JHARX % Rank | |
|---|---|---|---|---|
| Government | 84.66% | 0.00% | 99.78% | 7.44% |
| Securitized | 10.09% | 0.00% | 52.99% | 11.16% |
| Derivative | 0.70% | -19.74% | 154.73% | 19.53% |
| Cash & Equivalents | 0.00% | 0.00% | 89.61% | 95.35% |
| Corporate | 0.00% | 0.00% | 95.17% | 88.84% |
| Municipal | 0.00% | 0.00% | 19.13% | 80.00% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | JHARX % Rank | |
|---|---|---|---|---|
| US | 3.80% | 0.00% | 92.67% | 33.49% |
| Non US | 3.40% | 0.00% | 22.55% | 15.81% |
JHARX - Expenses
Operational Fees
| JHARX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.71% | 0.45% | 10.24% | 53.49% |
| Management Fee | 1.03% | 0.00% | 1.50% | 85.12% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 53.52% |
| Administrative Fee | N/A | 0.05% | 0.70% | 95.10% |
Sales Fees
| JHARX 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% | 1.00% | N/A |
Trading Fees
| JHARX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.50% | 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.
| JHARX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 57.00% | 1.75% | 441.00% | 29.07% |
JHARX - Distributions
Dividend Yield Analysis
| JHARX | Category Low | Category High | JHARX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 24.95% | 96.28% |
Dividend Distribution Analysis
| JHARX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| JHARX | Category Low | Category High | JHARX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.21% | -2.01% | 13.72% | 53.49% |
Capital Gain Distribution Analysis
| JHARX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 20, 2024 | $0.155 | OrdinaryDividend |
| Dec 19, 2022 | $0.301 | OrdinaryDividend |
| Dec 18, 2020 | $0.045 | OrdinaryDividend |
| Aug 22, 2019 | $1.549 | OrdinaryDividend |
| Dec 23, 2015 | $0.676 | OrdinaryDividend |
| Dec 23, 2014 | $0.510 | OrdinaryDividend |
| Dec 23, 2013 | $0.094 | OrdinaryDividend |
| Dec 21, 2012 | $0.000 | OrdinaryDividend |
| Dec 21, 2012 | $0.046 | CapitalGainShortTerm |
| Dec 21, 2012 | $0.028 | CapitalGainLongTerm |
JHARX - Fund Manager Analysis
Managers
Claus Vorm
Start Date
Tenure
Tenure Rank
Aug 30, 2019
2.75
2.8%
Claus Vorm holds a Master’s Degree in Mathematics and Economics and a Ph.D. on the Interplay between Insurance and Finance. As part of his academic career, Mr. Vorm worked as an associate professor at the Laboratory of Actuarial Mathematics at the University of Copenhagen from 2000 to 2001. He then joined McKinsey & Co. as a part of their Financial Institutions Group before joining Nordea Investment Management AB in 2004.
Kurt Kongsted
Start Date
Tenure
Tenure Rank
Aug 30, 2019
2.75
2.8%
Kurt Kongsted holds a Master’s Degree in Economics (cand. oecon.) from the University of Aarhus. Mr. Kongsted joined Nordea Investment Management AB in 2002 as an analyst within the current Multi Assets team. Mr. Kongsted has been responsible for the development of Nordea Investment Management’s proprietary Asset Liability Management tools and Strategic Asset Allocation models. Since 2005 Mr. Kongsted has been a co-portfolio manager within the Multi Assets investment team. In 2010 Mr. Kongsted was also appointed Head of Strategic Asset Allocation.
Asbjørn Hansen
Start Date
Tenure
Tenure Rank
Aug 30, 2019
2.75
2.8%
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.07 | 33.83 | 6.69 | 13.0 |
