John Hancock Funds Alternative Asset Allocation Fund Class I (JAAIX)
| Fund Assets | 982.73M |
| Expense Ratio | 1.38% |
| Min. Investment | $250,000 |
| Turnover | 24.00% |
| Dividend (ttm) | 0.30 |
| Dividend Yield | 1.74% |
| Dividend Growth | 30.26% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 30, 2025 |
| Previous Close | 17.39 |
| YTD Return | 4.87% |
| 1-Year Return | 13.96% |
| 5-Year Return | 25.48% |
| 52-Week Low | 15.69 |
| 52-Week High | 17.45 |
| Beta (5Y) | n/a |
| Holdings | 24 |
| Inception Date | Dec 30, 2010 |
About JAAIX
The John Hancock Alternative Asset Allocation Fund offers investors a diversified approach to capital growth by focusing on alternative strategies and asset classes beyond traditional stocks and bonds. This fund allocates capital across a broad spectrum of underlying funds and investment vehicles—including those focused on international small-cap stocks, emerging-market equities, commodities, real estate, market-neutral (long/short) strategies, managed futures, arbitrage, and various fixed-income instruments—while maintaining a significant exposure to U.S. stocks and cash. Its multi-manager framework is designed to blend a range of alternative exposures, aiming to deliver returns with potentially lower correlation to conventional equity and fixed-income markets. The fund often acts as a portfolio diversifier, targeting investors seeking to reduce reliance on traditional market movements. With a concentrated top-holdings structure—over 90% of assets are allocated to the top ten funds—it emphasizes active management and tactical adjustments across a global, multi-sector landscape. Though the expense ratio is above average for the category, the fund aims to balance costs with its broad-based alternative mandate and the complexity of its underlying holdings. It is a notable option for those seeking access to alternative risk premia within a single, professionally managed vehicle.
Performance
JAAIX had a total return of 13.96% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.57%.
Top 10 Holdings
90.73% of assets| Name | Symbol | Weight |
|---|---|---|
| JPMorgan Hedged Equity Fund Class R6 | JHQRX | 13.88% |
| Calamos Market Neutral Income Fund Institutional Class | CMNIX | 11.90% |
| JHancock Multi-Asset Absolute Return NAV | n/a | 11.51% |
| Victory Market Neutral Income Fund Class I | CBHIX | 10.22% |
| BlackRock Tactical Opportunities Fund Institutional Shares | PBAIX | 10.10% |
| John Hancock Investment Trust - Diversified Macro Fund | JHDNX | 8.38% |
| JHancock Disciplined Value Glb L/S NAV | JAKWX | 7.57% |
| The Arbitrage Fund Class Institutional | ARBNX | 7.48% |
| Virtus AlphaSimplex Managed Futures Strategy Fund Class R6 | AMFNX | 5.88% |
| JHancock Infrastructure NAV | n/a | 3.81% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2025 | $0.30302 | Dec 31, 2025 |
| Dec 30, 2024 | $0.23262 | Dec 31, 2024 |
| Dec 27, 2023 | $0.30349 | Dec 28, 2023 |
| Dec 28, 2022 | $0.48327 | Dec 29, 2022 |
| Dec 29, 2021 | $0.3111 | Dec 30, 2021 |
| Dec 29, 2020 | $0.15295 | Dec 30, 2020 |