About JAAAX
The John Hancock Alternative Asset Allocation Fund Class A is a multi-strategy mutual fund designed to seek long-term capital growth by investing across a diverse mix of alternative investments. The fund primarily achieves its objective by allocating assets among a broad range of affiliated and unaffiliated underlying funds—such as mutual funds and exchange-traded funds—that focus on alternative or nontraditional asset classes and strategies. These include, but are not limited to, international small-cap stocks, emerging market equities, commodities, market neutral approaches (e.g., long/short), global real estate, natural resources, bank loans, managed futures, arbitrage, and absolute return strategies. The fund also incorporates direct investments in exchange-traded notes and the use of derivatives for hedging and tactical purposes, which enables it to manage risk exposures and seek uncorrelated returns.
With holdings across U.S. and non-U.S. equities, bonds, convertibles, and alternative sectors, the fund aims to provide diversification beyond conventional stock and bond markets. It plays a significant role for investors and institutions seeking lower correlation to traditional market indices and exposure to diverse risk and return characteristics. As of the latest report, the fund’s largest allocations include hedged equity, absolute return, and market neutral income strategies, reflecting its diversified, tactical approach. The John Hancock Alternative Asset Allocation Fund Class A is tailored for those interested in a multi-asset, alternative-oriented portfolio within a single investment product.
Fund Family John Hancock
Category Multistrategy
Performance Rating Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol JAAAX
Share Class Class A
Index Index is not available on Lipper Database
JAAAX had a total return of 10.49% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.60%.
