Continue to site >
Trending ETFs
You have successfully subscribed to Advisor Access. Thank you!
Help us personalize your experience.
Which type of investor describes you best?
Help us personalize your experience.
What is your AUM?
Knowing your investable assets will help us build and prioritize features that will suit your investment needs.

Congratulations on personalizing your experience.

Email is verified. Thank you!

Name

As of 10/21/2022

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

John Hancock Funds Absolute Return Currency Fund

JCUIX | Fund

$9.52

$522 M

0.00%

$0.00

1.12%

Vitals

YTD Return

-5.0%

1 yr return

-8.1%

3 Yr Avg Return

2.6%

5 Yr Avg Return

-0.6%

Net Assets

$522 M

Holdings in Top 10

100.0%

52 WEEK LOW AND HIGH

$9.5
$8.99
$10.46

Expenses

OPERATING FEES

Expense Ratio 1.12%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 0.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$250,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 10/21/2022

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

John Hancock Funds Absolute Return Currency Fund

JCUIX | Fund

$9.52

$522 M

0.00%

$0.00

1.12%

JCUIX - Profile

Distributions

  • YTD Total Return -5.0%
  • 3 Yr Annualized Total Return 2.6%
  • 5 Yr Annualized Total Return -0.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.11%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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
    Inst
  • 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. The fund seeks to achieve positive absolute returns (positive returns regardless of market conditions) through the income produced by the debt securities and any net gains resulting from fluctuations in the values of currencies. Net losses on currency transactions will reduce positive absolute returns.
Investment-grade debt securities are securities that are rated in one of the four highest rating categories as determined by a nationally recognized statistical rating organization, such as S&P Global Ratings (“S&P”), Fitch Ratings (“Fitch”) or Moody’s Investors Service, Inc. (“Moody’s”), or their
unrated equivalents. Such securities include U.S. government securities, including U.S. Treasuries, and cash equivalents. The fund’s investment policies are based on credit ratings at the time of purchase.
The fund may be exposed to currencies of developed and emerging market countries that, in the manager’s opinion, have liquid currency markets. The fund seeks returns (alpha) that are not correlated to market movements. The manager uses a systematic, model-based approach to seek to exploit factors that drive the relative value of currency markets such as changes in short- and long-term interest rates, capital flows, trade flows, and supply/demand pressures. The investment models may not protect against or capture certain extraordinary sudden market events such as U.S. or foreign government actions or interventions, and as a result may not be as effective during these periods. The portfolio management team maintains ultimate discretion over the investment modeling and decision-making.
The fund may utilize various hedging and other strategic transactions, including derivative currency transactions such as currency forwards, cross currency forwards, and options on currencies. The fund’s derivative transactions will typically be fully collateralized on a net basis and may cause the fund to have net short exposure to a particular currency that is not offset by a long position in another currency. The fund may use derivatives for many purposes, including for hedging and as a substitute for direct investment in securities or other assets.
Among other reasons, the fund’s manager may consider selling a security when its fundamentals deteriorate, its price appears overvalued on a relative or absolute basis, or a more attractive opportunity is identified.
Read More

JCUIX - Performance

Return Ranking - Trailing

Period JCUIX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.0% -58.7% 15.1% 51.85%
1 Yr -8.1% -8.2% 23.9% 73.68%
3 Yr 2.6%* -4.5% 3.8% 5.26%
5 Yr -0.6%* -3.1% 3.0% 5.26%
10 Yr 1.1%* -5.0% 2.3% 5.41%

* Annualized

Return Ranking - Calendar

Period JCUIX Return Category Return Low Category Return High Rank in Category (%)
2023 -2.7% -36.7% 25.4% 11.11%
2022 18.4% -100.0% 15.2% 83.87%
2021 -4.7% -19.2% 9.4% 50.00%
2020 -4.8% -12.3% 13.1% 73.68%
2019 -1.5% -17.5% 12.2% 5.26%

Total Return Ranking - Trailing

Period JCUIX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.0% -58.7% 15.1% 51.85%
1 Yr -8.1% -8.2% 23.9% 73.68%
3 Yr 2.6%* -4.5% 3.8% 5.26%
5 Yr -0.6%* -3.1% 3.0% 5.26%
10 Yr 1.1%* -5.0% 2.3% 5.41%

* Annualized

Total Return Ranking - Calendar

Period JCUIX Return Category Return Low Category Return High Rank in Category (%)
2023 -2.7% -36.7% 18.5% 7.41%
2022 18.4% -100.0% 17.3% 87.10%
2021 -4.7% -19.2% 9.4% 50.00%
2020 -4.8% -12.3% 13.1% 73.68%
2019 -1.5% -17.5% 12.2% 5.26%

NAV & Total Return History

JCUIX - Holdings

Concentration Analysis

JCUIX Category Low Category High JCUIX % Rank
Net Assets 522 M 155 K 700 M 21.05%
Number of Holdings 7 1 563 62.50%
Net Assets in Top 10 535 M 0 386 M 20.83%
Weighting of Top 10 100.00% 20.8% 100.0% 41.18%

Top 10 Holdings

  1. United States Treasury Bills 0.01% 55.81%
  2. United States Treasury Bills 0.01% 54.46%
  3. United States Treasury Bills 0.01% 53.98%
  4. United States Treasury Bills 0.01% 53.18%
  5. United States Treasury Bills 0.01% 38.88%
  6. United States Treasury Bills 0.01% 38.59%
  7. United States Treasury Bills 0.01% 38.51%
  8. United States Treasury Bills 0.01% 37.57%
  9. United States Treasury Bills 0.01% 36.77%
  10. United States Treasury Bills 0.01% 35.93%

Asset Allocation

Weighting Return Low Return High JCUIX % Rank
Cash 		61.41% 46.15% 100.00% 33.33%
Bonds 		38.59% -1.76% 53.85% 66.67%
Stocks 		0.00% -0.59% 0.00% 58.33%
Preferred Stocks 		0.00% 0.00% 0.00% 66.67%
Other 		0.00% 0.00% 5.03% 70.83%
Convertible Bonds 		0.00% 0.00% 13.44% 79.17%

Bond Sector Breakdown

Weighting Return Low Return High JCUIX % Rank
Cash & Equivalents 		61.41% 26.52% 100.00% 33.33%
Government 		38.59% 0.00% 53.85% 79.17%
Derivative 		0.00% 0.00% 49.97% 75.00%
Securitized 		0.00% 0.00% 1.45% 70.83%
Corporate 		0.00% 0.00% 13.44% 79.17%
Municipal 		0.00% 0.00% 0.00% 66.67%

Bond Geographic Breakdown

Weighting Return Low Return High JCUIX % Rank
US 		38.59% -189.40% 53.85% 66.67%
Non US 		0.00% 0.00% 187.64% 70.83%

JCUIX - Expenses

Operational Fees

JCUIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.12% 0.40% 6.66% 32.14%
Management Fee 0.88% 0.40% 1.00% 94.74%
12b-1 Fee 0.00% 0.00% 1.00% 30.00%
Administrative Fee N/A 0.05% 0.55% N/A

Sales Fees

JCUIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.00% 3.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

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

JCUIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 0.00% 0.00% 266.00% 53.57%

JCUIX - Distributions

Dividend Yield Analysis

JCUIX Category Low Category High JCUIX % Rank
Dividend Yield 0.00% 0.00% 0.00% 65.79%

Dividend Distribution Analysis

JCUIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

JCUIX Category Low Category High JCUIX % Rank
Net Income Ratio -1.11% -1.82% 4.19% 38.89%

Capital Gain Distribution Analysis

JCUIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Daily

Distributions History

View More +

JCUIX - Fund Manager Analysis

Managers

Dori Levanoni

Start Date

Tenure

Tenure Rank

Aug 02, 2010

11.84

11.8%

Dori Levanoni is a senior member of First Quadrant’s Investments team. In his more than two decades with First Quadrant, Dori has been involved in nearly every aspect of the firm’s investment process, contributing to research, risk measurement, risk allocation, portfolio optimization, trading, and portfolio management. Dori has played an integral role as portfolio manager for a number of strategies across the firm’s global macro and global equity platforms, and has also contributed his insights to various research projects, journals, publications and speaking engagements. Dori began his career at First Quadrant in 1991, spending a brief period in the mid-1990s researching in the Department of Anatomy and Neurobiology at Washington University in St. Louis, before returning to the firm for the remainder of his tenure.

Jeppe Ladekarl

Start Date

Tenure

Tenure Rank

May 25, 2012

10.02

10.0%

Jeppe Ladekarl is a co-Chief Investment Officer and Partner of First Quadrant. 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. He holds a MSc in economics from the University of Copenhagen.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 15.32 8.32 13.91

Advertisement

×

Wait! Do you know all the important aspects of mutual funds?

×

Free Advisor Access newsletter emailed to you.

Receive free and exclusive email updates for financial advisors about best performers, news, CE accredited webcasts and more.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Disclaimer: By registering, you agree to share your data with MutualFunds.com and opt-in to receiving occasional communications about projects and events. The contents of this form are subject to the MutualFunds.com Privacy Policy. You can unsubscribe at any time.