About JAARX
The John Hancock Funds II Alternative Asset Allocation Fund Class R6 is a multi-strategy mutual fund designed to provide long-term capital growth by diversifying across a wide spectrum of alternative asset classes. This fund primarily functions as a fund-of-funds, allocating its assets among both affiliated and unaffiliated underlying funds, including exchange-traded funds, that focus on nontraditional and alternative investment strategies. Areas of exposure include international small-cap equities, emerging-market stocks, commodities, market neutral strategies, global real estate, natural resources, Treasury Inflation-Protected Securities (TIPS), global and high yield bonds, bank loans, foreign currency strategies, managed futures, arbitrage, and tactical investment strategies. The fund may directly invest in exchange-traded notes and employ various derivatives for hedging or efficiency purposes, including options, futures, and swaps. Managers integrate environmental, social, and governance (ESG) criteria into the investment process as applicable. Within the financial market, this fund plays the role of providing diversification and potential risk-adjusted returns by delivering a broad mix of alternative exposures that tend to have different return drivers than traditional asset classes, appealing to investors seeking to lower portfolio correlation and enhance long-term diversification.
Fund Family John Hancock
Category Multistrategy
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol JAARX
Share Class Class R6
Index Index is not available on Lipper Database
JAARX had a total return of 10.65% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.79%.
