JHancock Alternative Asset Allc I (JAAIX)

Fund Assets	982.73M
Expense Ratio	1.38%
Min. Investment	$250,000
Turnover	24.00%
Dividend (ttm)	0.30
Dividend Yield	1.67%
Dividend Growth	30.26%
Payout Frequency	Annual
Ex-Dividend Date	Dec 30, 2025

Previous Close	18.13
YTD Return	9.14%
1-Year Return	10.85%
5-Year Return	28.59%
52-Week Low	16.64
52-Week High	18.16
Beta (5Y)	0.27
Holdings	18
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.

• Fund Family: John Hancock
• Category: Multistrategy
• Performance Rating: Above Average
• Risk Rating: Below Average
• Stock Exchange: NASDAQ
• Ticker Symbol: JAAIX
• Share Class: Class I
• Index: Index is not available on Lipper Database

Performance

JAAIX had a total return of 10.85% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.74%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
JAARX	Class R6	1.26%
JAASX	Class R4	1.51%
JAAAX	Class A	1.68%
JAAPX	Class R2	1.76%

Top 10 Holdings

89.11% of assets

Name	Symbol	Weight
Calamos Market Neutral Income I	CMNIX	13.87%
JPMorgan Hedged Equity R6	JHQRX	11.27%
BlackRock Tactical Opportunities Fund Institutional Shares	PBAIX	10.80%
Victory Market Neutral Income I	CBHIX	9.95%
JHancock Multi-Asset Absolute Return NAV	JHMAARU	8.60%
The Arbitrage Fund Class Institutional	ARBNX	8.46%
John Hancock Investment Trust - Diversified Macro Fund	JHDNX	7.73%
John Hancock Disciplined Global L/S NAV	JAKWX	7.00%
John Hancock Hedged Equity ETF	JHDG	6.18%
Virtus AlphaSimplex Mgd Futs Strat R6	AMFNX	5.25%

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

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Sep 26, 2026

Data Sources Report a data error