About JAAPX
The John Hancock Funds II Alternative Asset Allocation Fund Class R2 is a multistrategy mutual fund designed to provide investors with access to a diversified portfolio of alternative asset classes and investment strategies. The fund’s primary purpose is to seek long-term capital growth by allocating assets among a curated mix of underlying funds—both affiliated and external—that emphasize non-traditional asset categories such as international small-cap stocks, emerging market equities, commodities, global real estate, natural resources, market neutral and absolute return strategies, managed futures, arbitrage, and global bonds. By blending these alternatives, the fund aims to deliver returns with reduced correlation to traditional stock and bond markets, offering a potential hedge during periods of market stress or volatility. As a fund of funds, it benefits from professional management and access to specialized strategies typically reserved for institutional investors. Its multistrategy approach is tailored for investors seeking diversification beyond conventional asset classes, with a portfolio that may include investments in derivatives, commodities, and direct loans, where appropriate. The John Hancock Funds II Alternative Asset Allocation Fund Class R2 thus serves as a comprehensive vehicle for those looking to incorporate alternative investments within a professionally managed framework, supporting broader portfolio construction goals.
Fund Family John Hancock
Category Multistrategy
Performance Rating Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol JAAPX
Share Class Class R2
Index Index is not available on Lipper Database
JAAPX had a total return of 10.13% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.22%.
