John Hancock Funds Alternative Asset Allocation Fund (JAAAX)
The investment seeks long-term growth of capital. The fund allocates its assets among other affiliated and unaffiliated underlying funds, including exchange-traded funds (ETFs), that emphasize alternative or nontraditional asset categories or investment strategies such as international small-cap stocks, emerging-market equity, commodities, market neutral (long/short), global real estate, natural resources, TIPS (Treasury Inflation-Protected Securities), global bonds, high yield, bank loans, foreign currency trading strategies, absolute return strategies, managed futures, arbitrage strategies, tactical investment strategies, and emerging-market debt.
Fund Info
| ISIN | US47804A1896 |
|---|---|
| CUSIP | 47804A189 |
| Issuer | John Hancock |
| Inception Date | Jan 1, 2009 |
| Category | Multistrategy |
| Min. Investment | $1,000 |
| Asset Class | Alternatives |
Expense Ratio
JAAAX features an expense ratio of 0.72%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: JAAAX vs. CLOI, JAAAX vs. ICVT, JAAAX vs. JEPQ, JAAAX vs. SPBO, JAAAX vs. PULS, JAAAX vs. IWP, JAAAX vs. SCHX, JAAAX vs. QQQ, JAAAX vs. FLOT, JAAAX vs. JAAA
Performance
Performance Chart
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.
Returns By Period
John Hancock Funds Alternative Asset Allocation Fund had a return of 6.82% year-to-date (YTD) and 9.38% in the last 12 months. Over the past 10 years, John Hancock Funds Alternative Asset Allocation Fund had an annualized return of 2.92%, while the S&P 500 had an annualized return of 11.43%, indicating that John Hancock Funds Alternative Asset Allocation Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 6.82% | 25.82% |
| 1 month | 0.50% | 3.20% |
| 6 months | 3.33% | 14.94% |
| 1 year | 9.38% | 35.92% |
| 5 years (annualized) | 3.99% | 14.22% |
| 10 years (annualized) | 2.92% | 11.43% |
Monthly Returns
The table below presents the monthly returns of JAAAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.40% | 1.19% | 1.69% | -0.96% | 0.84% | 0.71% | 1.02% | 0.57% | 1.07% | -0.81% | 6.82% | ||
| 2023 | 2.07% | -0.95% | 0.82% | 0.88% | -0.60% | 1.01% | 1.07% | -0.26% | -1.06% | -0.47% | 2.08% | 1.18% | 5.85% |
| 2022 | -0.84% | -0.46% | 0.72% | -1.04% | -0.07% | -1.98% | 1.28% | -0.53% | -2.94% | 1.51% | 1.83% | -0.54% | -3.12% |
| 2021 | -0.47% | 0.94% | 1.00% | 2.04% | 0.71% | 0.06% | 0.26% | 0.19% | -0.96% | 0.90% | -1.66% | 1.71% | 4.77% |
| 2020 | -0.28% | -2.36% | -4.76% | 2.91% | 1.59% | 0.57% | 2.48% | 1.11% | -1.10% | -0.35% | 2.92% | 1.83% | 4.36% |
| 2019 | 2.92% | 0.71% | 0.63% | 0.56% | -1.11% | 2.18% | 0.41% | 0.34% | -0.07% | 0.61% | 0.54% | 0.94% | 8.95% |
| 2018 | 1.10% | -1.36% | -0.14% | -0.28% | -0.34% | -0.35% | 0.69% | 0.14% | 0.07% | -2.20% | 0.21% | -1.66% | -4.09% |
| 2017 | 0.86% | 0.78% | 0.35% | 0.56% | 0.77% | 0.28% | 0.97% | -0.14% | 0.27% | 0.62% | 0.54% | 0.07% | 6.10% |
| 2016 | -2.06% | 0.15% | 1.87% | 0.95% | 0.51% | 0.14% | 0.80% | 0.14% | 0.36% | -0.43% | -0.07% | 0.62% | 2.99% |
| 2015 | 0.00% | 1.12% | -0.14% | 0.42% | 0.35% | -1.10% | 0.21% | -1.67% | -1.70% | 2.09% | -0.21% | -1.00% | -1.70% |
| 2014 | 0.41% | 1.96% | -0.60% | 0.13% | 0.93% | 0.59% | -0.46% | 1.12% | -1.63% | -0.07% | -1.06% | -0.60% | 0.68% |
| 2013 | 1.17% | -0.20% | 0.27% | 0.61% | 0.20% | -1.49% | 1.17% | -0.41% | 1.09% | 1.15% | 0.13% | 0.24% | 3.98% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of JAAAX is 75, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for John Hancock Funds Alternative Asset Allocation Fund (JAAAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
John Hancock Funds Alternative Asset Allocation Fund provided a 1.61% dividend yield over the last twelve months, with an annual payout of $0.26 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.26 | $0.26 | $0.44 | $0.27 | $0.11 | $0.49 | $0.27 | $0.18 | $0.11 | $0.38 | $0.29 | $0.26 |
Dividend yield | 1.61% | 1.72% | 3.02% | 1.72% | 0.74% | 3.38% | 1.99% | 1.23% | 0.77% | 2.78% | 2.00% | 1.74% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 | $0.26 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.44 | $0.44 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.27 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.11 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.49 | $0.49 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.27 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.11 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.38 | $0.38 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.29 | $0.29 |
| 2013 | $0.26 | $0.26 |
Drawdowns
Drawdowns Chart
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.
Worst Drawdowns
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 12.09%, occurring on Mar 20, 2020. Recovery took 142 trading sessions.
The current John Hancock Funds Alternative Asset Allocation Fund drawdown is 0.31%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -12.09% | Feb 21, 2020 | 21 | Mar 20, 2020 | 142 | Oct 12, 2020 | 163 |
| -9.52% | May 2, 2011 | 109 | Oct 4, 2011 | 298 | Dec 12, 2012 | 407 |
| -9.13% | Sep 8, 2014 | 361 | Feb 11, 2016 | 302 | Apr 25, 2017 | 663 |
| -8.71% | Apr 15, 2010 | 29 | May 25, 2010 | 76 | Sep 13, 2010 | 105 |
| -6.75% | Jan 29, 2018 | 229 | Dec 24, 2018 | 122 | Jun 20, 2019 | 351 |
Volatility
Volatility Chart
The current John Hancock Funds Alternative Asset Allocation Fund volatility is 1.07%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.