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Trending ETFs

Multi-Asset Absolute Return Fund

mutual fund
JHASX
Payout Change
Pending
Price as of:
$10.06 +0.03 +0.3%
primary theme
Tactical Allocation
JHASX (Mutual Fund)

Multi-Asset Absolute Return Fund

Payout Change
Pending
Price as of:
$10.06 +0.03 +0.3%
primary theme
Tactical Allocation
JHASX (Mutual Fund)

Multi-Asset Absolute Return Fund

Payout Change
Pending
Price as of:
$10.06 +0.03 +0.3%
primary theme
Tactical Allocation

Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.06

$369 M

3.41%

$0.34

1.14%

Vitals

YTD Return

-0.8%

1 yr return

1.0%

3 Yr Avg Return

1.5%

5 Yr Avg Return

3.3%

Net Assets

$369 M

Holdings in Top 10

24.7%

52 WEEK LOW AND HIGH

$10.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.14%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 57.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.06

$369 M

3.41%

$0.34

1.14%

JHASX - Profile

Distributions

  • YTD Total Return -0.8%
  • 3 Yr Annualized Total Return 1.5%
  • 5 Yr Annualized Total Return 3.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.64%
DIVIDENDS
  • Dividend Yield 3.4%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Multi-Asset Absolute Return Fund
  • Fund Family Name
    John Hancock
  • Inception Date
    Mar 01, 2012
  • Shares Outstanding
    23477495
  • Share Class
    R6
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Claus Vorm

Fund Description

The fund may use an extensive range of investment strategies and invest in a wide spectrum of equity and fixed-income securities, as well as derivative instruments, in pursuing its investment objective.The fund may invest in equity securities of U.S. and foreign companies of various market capitalizations and fixed-income securities of companies and government and supranational entities around the world, including in emerging and developed markets. The fund is not subject to any maturity, market capitalization, or credit quality restrictions and may invest in high-yield below-investment-grade bonds (junk bonds) without limitation. The fund may invest significantly in particular economic sectors.The fund also may invest extensively in derivative instruments, which may relate to equity securities, fixed-income securities, interest rates, total return rates, currencies or currency exchange rates, or indexes. Derivatives, including futures, options, swaps (including credit default and variance swaps), and foreign currency forward contracts, may be used for both investment and hedging purposes.The manager seeks to maximize risk-adjusted absolute return by using multiple strategies across listed equity, equity-related, and debt securities, derivatives, or other instruments as part of a diversified portfolio. These strategies aim to exploit market cyclicality and a diverse array of inefficiencies across and within markets.The manager manages the fund’s investment strategies dynamically over time and will actively modify investment strategies and develop new strategies in response to additional research, changing market conditions, or other factors. The fund also may hold cash or invest its cash balances in cash equivalents and short-term investments, including money market funds.
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JHASX - Performance

Return Ranking - Trailing

Period JHASX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.8% -1.8% 26.7% 93.12%
1 Yr 1.0% -7.8% 39.2% 95.39%
3 Yr 1.5%* -21.2% 12.2% 33.80%
5 Yr 3.3%* -12.0% 24.0% 75.25%
10 Yr 2.2%* -4.7% 10.1% 79.39%

* Annualized

Return Ranking - Calendar

Period JHASX Return Category Return Low Category Return High Rank in Category (%)
2023 4.9% -18.9% 60.2% 60.83%
2022 -8.5% -48.5% 0.1% 10.19%
2021 12.0% -19.0% 48.3% 13.02%
2020 1.3% -16.5% 52.8% 80.00%
2019 -6.9% -8.5% 27.3% 96.50%

Total Return Ranking - Trailing

Period JHASX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.8% -1.8% 26.7% 93.12%
1 Yr 1.0% -7.8% 39.2% 95.39%
3 Yr 1.5%* -21.2% 12.2% 33.80%
5 Yr 3.3%* -12.0% 24.0% 75.25%
10 Yr 2.2%* -4.7% 10.1% 79.39%

* Annualized

Total Return Ranking - Calendar

Period JHASX Return Category Return Low Category Return High Rank in Category (%)
2023 4.9% -11.7% 61.8% 80.65%
2022 -5.2% -48.5% 4.6% 4.63%
2021 12.0% -14.2% 48.3% 47.91%
2020 2.2% -11.7% 77.4% 82.93%
2019 9.5% -3.9% 28.4% 78.50%

NAV & Total Return History


JHASX - Holdings

Concentration Analysis

JHASX Category Low Category High JHASX % Rank
Net Assets 369 M 1.98 M 13.3 B 38.53%
Number of Holdings 671 3 2550 6.42%
Net Assets in Top 10 92.1 M 1.37 M 10.3 B 53.21%
Weighting of Top 10 24.65% 21.1% 120.6% 93.12%

Top 10 Holdings

  1. ALPHABET INC COMMON STOCK USD.001 4.35%
  2. MICROSOFT CORP COMMON STOCK USD.00000625 4.15%
  3. JOHNSON and JOHNSON COMMON STOCK USD1.0 2.64%
  4. NOVO NORDISK A/S COMMON STOCK DKK.1 2.49%
  5. COCA-COLA CO/THE COMMON STOCK USD.25 2.22%
  6. AUTOMATIC DATA PROCESSING INC COMMON STOCK USD.1 2.17%
  7. VISA INC COMMON STOCK USD.0001 2.03%
  8. PEPSICO INC COMMON STOCK USD.017 1.58%
  9. MASTERCARD INC COMMON STOCK USD.0001 1.53%
  10. CIGNA GROUP/THE COMMON STOCK USD.01 1.52%

Asset Allocation

Weighting Return Low Return High JHASX % Rank
Stocks
86.68% 0.00% 139.66% 56.42%
Bonds
7.57% 0.00% 106.59% 33.03%
Cash
6.74% -33.22% 88.48% 36.24%
Preferred Stocks
0.00% -0.07% 5.36% 48.62%
Convertible Bonds
0.00% 0.00% 8.92% 71.56%
Other
-1.00% -29.71% 137.85% 97.25%

Stock Sector Breakdown

Weighting Return Low Return High JHASX % Rank
Healthcare
23.06% 0.00% 38.63% 6.52%
Technology
18.45% 0.00% 85.77% 40.22%
Consumer Defense
16.37% 0.00% 37.51% 8.15%
Consumer Cyclical
11.10% 0.00% 25.83% 25.54%
Communication Services
10.67% 0.00% 21.61% 7.61%
Financial Services
9.17% 0.00% 98.22% 71.74%
Industrials
8.64% 0.00% 23.85% 54.89%
Basic Materials
1.18% 0.00% 56.73% 82.07%
Utilities
1.14% 0.00% 91.12% 75.54%
Real Estate
0.23% 0.00% 99.45% 85.33%
Energy
0.00% 0.00% 60.89% 92.93%

Stock Geographic Breakdown

Weighting Return Low Return High JHASX % Rank
US
67.51% 0.00% 139.66% 65.14%
Non US
19.17% -1.94% 38.99% 6.42%

Bond Sector Breakdown

Weighting Return Low Return High JHASX % Rank
Government
84.66% 0.00% 99.78% 6.42%
Securitized
10.09% 0.00% 52.99% 10.55%
Cash & Equivalents
0.00% 0.00% 80.17% 90.37%
Corporate
0.00% 0.00% 95.17% 80.28%
Municipal
0.00% 0.00% 19.13% 63.30%
Derivative
-1.00% -17.98% 137.85% 97.71%

Bond Geographic Breakdown

Weighting Return Low Return High JHASX % Rank
US
4.30% 0.00% 92.67% 33.03%
Non US
3.28% 0.00% 26.43% 12.84%

JHASX - Expenses

Operational Fees

JHASX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.14% 0.49% 10.24% 76.61%
Management Fee 0.98% 0.00% 1.50% 60.09%
12b-1 Fee 0.00% 0.00% 1.00% 15.86%
Administrative Fee N/A 0.05% 0.70% N/A

Sales Fees

JHASX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

JHASX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

JHASX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 57.00% 1.75% 441.00% 28.00%

JHASX - Distributions

Dividend Yield Analysis

JHASX Category Low Category High JHASX % Rank
Dividend Yield 3.41% 0.00% 24.95% 90.37%

Dividend Distribution Analysis

JHASX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Quarterly

Net Income Ratio Analysis

JHASX Category Low Category High JHASX % Rank
Net Income Ratio 0.64% -2.01% 13.72% 43.12%

Capital Gain Distribution Analysis

JHASX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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JHASX - Fund Manager Analysis

Managers

Claus Vorm


Start Date

Tenure

Tenure Rank

Aug 30, 2019

2.75

2.8%

Claus Vorm holds a Master’s Degree in Mathematics and Economics and a Ph.D. on the Interplay between Insurance and Finance. As part of his academic career, Mr. Vorm worked as an associate professor at the Laboratory of Actuarial Mathematics at the University of Copenhagen from 2000 to 2001. He then joined McKinsey & Co. as a part of their Financial Institutions Group before joining Nordea Investment Management AB in 2004.

Kurt Kongsted


Start Date

Tenure

Tenure Rank

Aug 30, 2019

2.75

2.8%

Kurt Kongsted holds a Master’s Degree in Economics (cand. oecon.) from the University of Aarhus. Mr. Kongsted joined Nordea Investment Management AB in 2002 as an analyst within the current Multi Assets team. Mr. Kongsted has been responsible for the development of Nordea Investment Management’s proprietary Asset Liability Management tools and Strategic Asset Allocation models. Since 2005 Mr. Kongsted has been a co-portfolio manager within the Multi Assets investment team. In 2010 Mr. Kongsted was also appointed Head of Strategic Asset Allocation.

Asbjørn Hansen


Start Date

Tenure

Tenure Rank

Aug 30, 2019

2.75

2.8%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.83 6.67 13.0