John Hancock Funds Alternative Asset Allocation Fund (JAAAX)

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The chart shows the growth of an initial investment of $10,000 in John Hancock Funds Alternative Asset Allocation Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

John Hancock Funds Alternative Asset Allocation Fund (JAAAX) has returned 2.10% so far this year and 7.80% over the past 12 months. Over the last ten years, JAAAX has returned 4.00% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Dec 31, 2008, JAAAX's average daily return is +0.02%, while the average monthly return is +0.46%. At this rate, your investment would double in approximately 12.6 years.

Historically, 64% of months were positive and 36% were negative. The best month was May 2009 with a return of +11.4%, while the worst month was May 2010 at -6.0%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.

On a daily basis, JAAAX closed higher 50% of trading days. The best single day was Mar 23, 2009 with a return of +3.6%, while the worst single day was Jan 20, 2009 at -3.3%.

John Hancock Funds Alternative Asset Allocation Fund has an annualized alpha of 1.81%, beta of 0.28, and R² of 0.62 versus S&P 500 Index. Calculated based on daily prices since January 02, 2009.

• This fund participated in 34.65% of S&P 500 Index downside but only 32.25% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.28 indicates this fund moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

JAAAX has an expense ratio of 0.72%, placing it in the medium range.

JAAAX ranks 82 for risk / return — in the top 82% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for John Hancock Funds Alternative Asset Allocation Fund (JAAAX) and compare them to a chosen benchmark (S&P 500 Index).

John Hancock Funds Alternative Asset Allocation Fund provided a 1.50% dividend yield over the last twelve months, with an annual payout of $0.25 per share.

The table displays the monthly dividend distributions for John Hancock Funds Alternative Asset Allocation Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the John Hancock Funds Alternative Asset Allocation Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the John Hancock Funds Alternative Asset Allocation Fund was 15.72%, occurring on Mar 9, 2009. Recovery took 26 trading sessions.

The current John Hancock Funds Alternative Asset Allocation Fund drawdown is 2.02%.

The chart below shows the rolling one-month volatility.