About JAASX
John Hancock Funds II Alternative Asset Allocation Fund is a multistrategy mutual fund designed to provide long-term growth of capital by investing in a diversified mix of alternative asset classes and strategies. As a fund of funds, it allocates its assets among a range of underlying mutual funds and exchange-traded funds (ETFs) that focus on non-traditional investments—such as international small-cap stocks, emerging market equities, commodities, market neutral strategies, global real estate, natural resources, inflation-protected securities, global bonds, high-yield credit, bank loans, managed futures, arbitrage, and tactical asset allocation. The fund may also utilize derivatives, hedging, and direct investments in exchange-traded notes (ETNs) to manage risk and enhance returns. By diversifying across less-correlated alternative strategies, the fund aims to offer investors exposure to return streams that are distinct from traditional stock and bond markets, potentially reducing overall portfolio volatility. With an inception in 2013, the fund’s approach reflects the growing investor demand for alternatives as a complement to conventional asset allocation, emphasizing flexibility and broad-based access to sophisticated strategies typically available to institutional investors.
Fund Family John Hancock
Category Multistrategy
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol JAASX
Share Class Class R4
Index Index is not available on Lipper Database
JAASX had a total return of 10.57% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.66%.
