JHancock Diversified Macro Fund (JDJIX)
The fund pursues its investment objective by utilizing a multi-asset, quantitatively-driven investment strategy that seeks to provide exposure to diversified sources of return. The manager will allocate the fund's assets across a range of asset classes comprising equities, fixed income, foreign currencies, and commodities. The fund is generally intended to have a low correlation to the equity and bond markets.
Fund Info
| ISIN | US47803N5133 |
|---|---|
| CUSIP | 47803N513 |
| Issuer | John Hancock |
| Inception Date | Jul 28, 2019 |
| Category | Macro Trading |
| Min. Investment | $250,000 |
| Asset Class | Multi-Asset |
Expense Ratio
JDJIX has a high expense ratio of 1.39%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in JHancock Diversified Macro 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
JHancock Diversified Macro Fund had a return of 11.64% year-to-date (YTD) and 13.84% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 11.64% | 10.00% |
| 1 month | -3.70% | 2.41% |
| 6 months | 8.09% | 16.70% |
| 1 year | 13.84% | 26.85% |
| 5 years (annualized) | N/A | 12.81% |
| 10 years (annualized) | N/A | 10.84% |
Monthly Returns
The table below presents the monthly returns of JDJIX, 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 | 3.28% | 5.47% | 4.88% | 0.10% | 11.64% | ||||||||
| 2023 | 3.13% | 2.82% | -4.85% | 0.77% | 0.66% | 0.87% | 1.62% | 1.38% | 3.36% | -1.83% | -1.66% | -3.18% | 2.77% |
| 2022 | 2.03% | 1.88% | 6.30% | 5.72% | 0.29% | 0.77% | -0.96% | 1.16% | 0.00% | 2.29% | -2.61% | -4.73% | 12.26% |
| 2021 | -1.17% | 0.97% | -1.07% | 2.49% | 0.32% | 0.63% | -0.84% | -0.95% | -0.53% | 0.43% | -3.19% | 0.82% | -2.19% |
| 2020 | -2.35% | -4.60% | -2.19% | 1.34% | 1.11% | -0.66% | 3.52% | 1.06% | -2.53% | 0.97% | 0.32% | 2.04% | -2.24% |
| 2019 | 0.10% | 3.40% | -0.48% | -0.68% | 1.27% | -1.94% | 1.59% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of JDJIX is 64, 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.
JDJIX (JHancock Diversified Macro Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for JHancock Diversified Macro Fund (JDJIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
JHancock Diversified Macro Fund granted a 3.58% dividend yield in the last twelve months. The annual payout for that period amounted to $0.35 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $0.35 | $0.35 | $1.01 | $0.31 | $0.20 | $0.37 |
Dividend yield | 3.58% | 3.99% | 11.26% | 3.46% | 2.11% | 3.79% |
Monthly Dividends
The table displays the monthly dividend distributions for JHancock Diversified Macro 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 | |||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.35 | $0.35 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.01 | $1.01 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 | $0.31 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.20 |
| 2019 | $0.37 | $0.37 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the JHancock Diversified Macro 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 JHancock Diversified Macro Fund was 14.89%, occurring on Mar 12, 2020. Recovery took 497 trading sessions.
The current JHancock Diversified Macro Fund drawdown is 3.98%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.89% | Nov 29, 2019 | 71 | Mar 12, 2020 | 497 | Mar 2, 2022 | 568 |
| -9.32% | Jun 15, 2022 | 190 | Mar 17, 2023 | 124 | Sep 14, 2023 | 314 |
| -7.69% | Sep 28, 2023 | 68 | Jan 4, 2024 | 33 | Feb 22, 2024 | 101 |
| -4.57% | Apr 16, 2024 | 14 | May 3, 2024 | — | — | — |
| -4.02% | Sep 5, 2019 | 20 | Oct 2, 2019 | 38 | Nov 25, 2019 | 58 |
Volatility
Volatility Chart
The current JHancock Diversified Macro Fund volatility is 2.26%, 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.