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
Performance Rating Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol JAACX
Share Class Class C
Index Index is not available on Lipper Database
JAACX had a total return of 9.64% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.52%.
