About JAELX
John Hancock Variable Insurance Trust High Yield Trust I is a mutual fund series designed specifically for variable insurance products, such as variable annuities and life insurance contracts. Its primary objective is to achieve an above-average total return over a market cycle of three to five years, consistent with reasonable risk, emphasizing high current income with secondary capital appreciation. The fund invests at least 80% of its net assets in a diversified mix of debt securities and instruments, including high yield bonds (often called junk bonds), corporate bonds, asset-backed securities, commercial mortgage-backed securities, collateralized mortgage obligations, and foreign government securities, targeting an average duration of 4 to 6 years. Employing a multi-manager approach with subadvisors like Declaration Management & Research LLC and John Hancock Asset Management, it opportunistically selects bonds based on market fundamentals and technical factors, balancing credit qualities from investment-grade to high yield while managing interest rate, credit, and liquidity risks. This fund plays a key role in insurance-linked portfolios, providing income-oriented exposure to fixed-income markets for tax-deferred accumulation in long-term financial planning vehicles. Historical performance metrics show trailing 1-year returns around 8%, 5-year returns of 7.28%, and since-inception cumulative growth of 307.95%, reflecting its focus on yield generation amid varying market conditions.
Stock Exchange NASDAQ
Ticker Symbol JAELX
Share Class Series I
Index Bloomberg US High Yield 2% Issuer Cap TR
JAELX had a total return of 1.45% in the past year, including dividends.
Since the fund's inception, the average annual return has been 5.15%.
