About JAACX
John Hancock Funds II Alternative Asset Allocation Fund Class C is a mutual fund designed to pursue long-term growth of capital by allocating assets across a diversified mix of alternative investment strategies and asset classes. As a ‘fund of funds,’ it primarily invests in other affiliated and unaffiliated underlying funds, including exchange-traded funds, that focus on nontraditional or alternative categories such as market neutral (long/short), global real estate, commodities, managed futures, arbitrage, absolute return strategies, emerging markets, high yield, and inflation-protected securities. The fund may also employ derivatives, hedging, and direct investments in commodities or loans, providing exposure to strategies typically not found in traditional equity or fixed-income funds. With over 90% of its portfolio concentrated in its top holdings—mostly specialized alternative mutual funds—John Hancock Funds II Alternative Asset Allocation Fund Class C offers investors a way to access complex, low-correlation strategies within a single vehicle, aiming to reduce sensitivity to traditional market movements. The fund’s multistrategy approach and broad diversification across geographies and sectors position it as a tool for investors seeking to complement conventional portfolios with alternatives, though this comes with a higher expense ratio and exposure to the unique risks of alternative investments.
Fund Family John Hancock
Category Multistrategy
Stock Exchange NASDAQ
Ticker Symbol JAACX
Share Class Class C
Index Index is not available on Lipper Database
JAACX had a total return of 4.79% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.13%.
