JCUAX: JHancock Absolute Return Currency A

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JCUAX JHancock Absolute Return Currency A

  • Fund
  • JCUAX
  • Price as of: Oct 15, 2019
  • $8.53 - $0.04 - 0.47%

JCUAX - Profile

Vitals

  • YTD Return -3.7%
  • 3 Yr Annualized Return -1.9%
  • 5 Yr Annualized Return -2.7%
  • Net Assets $882 M
  • Holdings in Top 10 40.3%

52 WEEK LOW AND HIGH

$8.53
$8.53
$8.98

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.35%

SALES FEES

  • Front Load 3.00%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 0.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$1,000

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Multicurrency

Distributions

  • YTD Total Return -3.7%
  • 3 Yr Annualized Total Return -1.9%
  • 5 Yr Annualized Total Return -2.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.92%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name John Hancock Funds Absolute Return Currency Fund
  • Fund Family Name John Hancock
  • Inception Date Aug 02, 2010
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Dori Levanoni

Fund Description

Under normal market conditions, at least 80% of the value of the fund's net assets, including borrowings for investment purposes, if any, will be exposed to currency through currency forwards and other currency transactions, such as spot currency transactions and currency options. The fund's assets that are not used to purchase currency forwards and other currency instruments will be invested in investment-grade debt securities with maturities of one year or less.

JCUAX - Performance

Return Ranking - Trailing

Period JCUAX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.7% -8.3% 8.3% 89.55%
1 Yr -1.8% -11.4% 11.6% 77.61%
3 Yr -1.9%* -4.8% 4.7% 70.00%
5 Yr -2.7%* -9.2% 5.7% 42.86%
10 Yr N/A* -7.6% 2.2% N/A

* Annualized


Return Ranking - Calendar

Period JCUAX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.7% -15.2% 5.3% 13.64%
2017 -1.9% -10.9% 18.9% 91.38%
2016 11.8% -10.1% 12.2% 12.07%
2015 -4.8% -21.0% 6.8% 11.11%
2014 -2.1% -22.3% 10.1% 12.77%

Total Return Ranking - Trailing

Period JCUAX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.7% -8.3% 8.3% 89.55%
1 Yr -1.8% -11.4% 11.6% 79.10%
3 Yr -1.9%* -4.8% 4.7% 70.00%
5 Yr -2.1%* -9.2% 5.7% 42.86%
10 Yr N/A* -7.6% 2.2% N/A

* Annualized


Total Return Ranking - Calendar

Period JCUAX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.7% -15.2% 5.3% 18.18%
2017 -1.9% -10.9% 18.9% 94.83%
2016 11.8% -10.1% 12.2% 12.07%
2015 -4.8% -21.0% 6.8% 16.67%
2014 1.3% -22.3% 10.1% 10.64%

NAV & Total Return History

JCUAX - Holdings

Concentration Analysis

JCUAX Category Low Category High JCUAX % Rank
Net Assets 882 M 820 K 2.83 B 13.43%
Number of Holdings 7 5 1088 86.57%
Net Assets in Top 10 368 M -371 M 632 M 5.97%
Weighting of Top 10 40.28% 0.0% 92.8% 35.82%

Top 10 Holdings

  1. United States Treasury Bills 0.01% 40.28%


Asset Allocation

Weighting Return Low Return High JCUAX % Rank
Cash
59.72% -49.36% 100.00% 16.42%
Bonds
40.28% 0.00% 149.27% 77.61%
Stocks
0.00% 0.00% 0.28% 43.28%
Preferred Stocks
0.00% 0.00% 0.00% 32.84%
Other
0.00% 0.00% 14.33% 44.78%
Convertible Bonds
0.00% 0.00% 0.30% 47.76%

Bond Sector Breakdown

Weighting Return Low Return High JCUAX % Rank
Cash & Equivalents
59.72% -50.75% 100.00% 16.42%
Government
40.28% 0.00% 102.58% 68.66%
Derivative
0.00% -1.28% 19.00% 40.30%
Securitized
0.00% 0.00% 10.89% 40.30%
Corporate
0.00% 0.00% 24.88% 73.13%
Municipal
0.00% 0.00% 0.09% 34.33%

Bond Geographic Breakdown

Weighting Return Low Return High JCUAX % Rank
US
40.28% -3.55% 45.76% 7.46%
Non US
0.00% 0.00% 120.56% 86.57%

JCUAX - Expenses

Operational Fees

JCUAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.35% 0.81% 1595.87% 55.22%
Management Fee 0.87% 0.63% 1.10% 70.15%
12b-1 Fee 0.30% 0.00% 1.00% 68.75%
Administrative Fee N/A 0.01% 0.60% N/A

Sales Fees

JCUAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.00% 2.25% 5.75% 76.92%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

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

Turnover 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.

JCUAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 0.00% 0.00% 1298.00% 4.48%

JCUAX - Distributions

Dividend Yield Analysis

JCUAX Category Low Category High JCUAX % Rank
Dividend Yield 0.34% 0.00% 10.69% 71.64%

Dividend Distribution Analysis

JCUAX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

JCUAX Category Low Category High JCUAX % Rank
Net Income Ratio 0.92% -0.88% 6.08% 83.58%

Capital Gain Distribution Analysis

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

JCUAX - Managers

Dori Levanoni

Manager

Start Date

Tenure

Tenure Rank

Aug 02, 2010

9.17

9.2%

Dori Levanoni is a partner and senior member of First Quadrant's investment team. He is involved in all aspects of product development: model building, risk measurement, risk allocation, and portfolio optimization. Dori first joined First Quadrant in 1991 as a Research Intern while studying Physics at Caltech. He became a full-time employee in 1993, but in 1995 left for the Department of Anatomy and Neurobiology at Washington University in St. Louis. In 1996 he returned to First Quadrant as Head of Systems. In 1998 he joined the firm’s Investment Research team, subsequently becoming the Manager of Currency Research at the end of 1999, Director and Currency Product Strategist in 2002, Co-Director of Global Derivatives in 2005, and Partner in 2006.


Jeppe Ladekarl

Manager

Start Date

Tenure

Tenure Rank

May 25, 2012

7.35

7.4%

Jeppe Ladekarl is a partner and senior member of First Quadrant's investment team. Prior to joining the firm in 2009, he was the Principal Portfolio Manager for the currency and GTAA portfolios managed by the World Bank Pension and Endowments Department. He also managed the team that allocates funds to external GTAA and active currency managers, and was responsible for the internally managed global macro strategy. Mr. Ladekarl also worked in the World Bank's Financial Sector Operations and Policy group conducting financial sector policy research and providing advice to emerging market governments on financial sector issues. Before joining the World Bank, Mr. Ladekarl was a Special Advisor at the Danish Central Bank holding various positions in the Monetary Policy and Capital Markets Departments. Mr. Ladekarl has published on various debt management, ALM, mortgage bonds, currency, emerging markets and international portfolio investment topics.


Tenure Analysis

Category Low

0.33

Category High

18.76

Category Average

5.75

Category Mode

5.42