JDJCX: JHancock Diversified Macro Fund

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JDJCX JHancock Diversified Macro Fund


Profile

JDJCX - Profile

Vitals

  • YTD Return -7.1%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $225 M
  • Holdings in Top 10 58.5%

52 WEEK LOW AND HIGH

$9.06
$8.56
$10.48

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.59%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 0.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Multialternative

Distributions

  • YTD Total Return -7.1%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.52%
DIVIDENDS
  • Dividend Yield 4.1%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    JHancock Diversified Macro Fund
  • Fund Family Name
    John Hancock
  • Inception Date
    Jul 29, 2019
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Kenneth Tropin

Fund Description

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.


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Categories

JDJCX - Mutual Fund Categories


Performance

JDJCX - Performance

Return Ranking - Trailing

Period JDJCX Return Category Return Low Category Return High Rank in Category (%)
YTD -7.1% -49.8% -6.5% 33.33%
1 Yr N/A -53.2% -17.6% N/A
3 Yr N/A* -28.3% -17.3% N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period JDJCX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -39.4% 11.9% N/A
2018 N/A -20.3% 3.3% N/A
2017 N/A -30.7% -12.5% N/A
2016 N/A -3.7% -3.7% N/A
2015 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period JDJCX Return Category Return Low Category Return High Rank in Category (%)
YTD -7.1% -49.8% -6.5% 33.33%
1 Yr N/A -53.2% -17.6% N/A
3 Yr N/A* -28.3% -17.3% N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period JDJCX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -39.4% 11.9% N/A
2018 N/A -20.3% 3.3% N/A
2017 N/A -30.7% -12.5% N/A
2016 N/A -3.7% -3.7% N/A
2015 N/A N/A N/A N/A

NAV & Total Return History


Holdings

JDJCX - Holdings

Concentration Analysis

JDJCX Category Low Category High JDJCX % Rank
Net Assets 225 M 302 K 225 M 12.50%
Number of Holdings 24 5 40 37.50%
Net Assets in Top 10 164 M -5.61 M 164 M 12.50%
Weighting of Top 10 58.51% 58.5% 58.5% 25.00%

Top 10 Holdings

  1. 90day Euro$ Fut Jun21 25.22%
  2. Jhf Diver Macro Cayman 7.48%
  3. Euro Bund Future June 20 5.43%
  4. Euro Schatz Future June 20 5.25%
  5. Future on 5 Year Treasury Note Future Dec 20 5.00%
  6. Aust 10 Yr Bond Fut Jun20 3.56%
  7. US Treasury Bond Future June 20 3.20%
  8. 10 Year Treasury Note Future June 20 1.39%
  9. TOPIX Future June 20 1.01%
  10. Dax Future June 20 0.96%

Asset Allocation

Weighting Return Low Return High JDJCX % Rank
Bonds
49.91% 0.00% 49.91% 12.50%
Cash
35.37% 35.37% 279.36% 62.50%
Other
7.48% 0.00% 7.48% 12.50%
Stocks
7.25% -179.36% 31.78% 37.50%
Preferred Stocks
0.00% 0.00% 0.00% 37.50%
Convertible Bonds
0.00% 0.00% 0.00% 37.50%

Stock Sector Breakdown

Weighting Return Low Return High JDJCX % Rank
Financial Services
16.59% 16.59% 21.50% 50.00%
Healthcare
12.47% 10.50% 12.47% 16.67%
Consumer Cyclical
11.54% 9.83% 11.54% 16.67%
Industrials
11.27% 7.94% 11.27% 16.67%
Technology
10.49% 10.49% 11.61% 50.00%
Consumer Defense
9.96% 6.83% 9.96% 16.67%
Basic Materials
8.80% 8.80% 12.38% 50.00%
Communication Services
6.27% 6.27% 8.00% 50.00%
Energy
5.94% 4.71% 5.94% 16.67%
Utilities
4.53% 2.09% 4.53% 16.67%
Real Estate
2.14% 2.14% 4.61% 50.00%

Stock Geographic Breakdown

Weighting Return Low Return High JDJCX % Rank
US
4.15% -179.36% 4.15% 12.50%
Non US
3.10% 0.00% 34.28% 37.50%

Expenses

JDJCX - Expenses

Operational Fees

JDJCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.59% 1.48% 4.18% 50.00%
Management Fee 1.20% 0.75% 2.08% 41.67%
12b-1 Fee 1.00% 0.00% 1.00% 100.00%
Administrative Fee N/A N/A N/A N/A

Sales Fees

JDJCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load 1.00% 1.00% 1.00% 100.00%

Trading Fees

JDJCX 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.

JDJCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 0.00% 0.00% 135.00% 25.00%

Distributions

JDJCX - Distributions

Dividend Yield Analysis

JDJCX Category Low Category High JDJCX % Rank
Dividend Yield 4.09% 2.29% 11.23% 41.67%

Dividend Distribution Analysis

JDJCX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

JDJCX Category Low Category High JDJCX % Rank
Net Income Ratio -0.52% -0.52% 6.20% 100.00%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

JDJCX - Fund Manager Analysis

Managers

Kenneth Tropin


Start Date

Tenure

Tenure Rank

Jul 29, 2019

0.92

0.9%

Kenneth G. Tropin is Chairman, Founder and a Principal of Graham Capital Management (“GCM”). In May 1994, he founded GCM and became an Associated Person and Principal effective July 27, 1994. Mr. Tropin developed the firm's original trading programs and is responsible for the overall management of the organization, including the investment of its proprietary trading capital. Mr. Tropin’s current responsibilities at Graham include oversight of the Firm’s quantitative research process and discretionary portfolio managers, Chairman of the Firm’s Management and Investment Committees, and Senior Member of the Firm’s Risk and Compliance Committees. Additionally, Mr. Tropin is responsible for managing the strategic investment of the Firm’s proprietary capital. Prior to founding Graham, Mr. Tropin had significant experience in the alternative investment industry, including 5 years (1989-1993) as President and Chief Executive Officer of John W. Henry & Company, Inc. and 8 years (1981-1989) as Senior Vice President and Director of Managed Futures at Dean Witter Reynolds. Mr. Tropin has also served as Chairman of the Managed Funds Association and its predecessor organization, which he was instrumental in founding during the 1980’s.

Pablo Calderini


Start Date

Tenure

Tenure Rank

Jul 29, 2019

0.92

0.9%

Pablo Calderini is the President and Chief Investment Officer of GCM and, among other things, is responsible for the management and oversight of the discretionary and systematic trading businesses at GCM. He joined GCM in August 2010 and became an Associated Person and Principal of GCM effective August 13, 2010. Prior to joining GCM, Mr. Calderini worked at Deutsche Bank from June 1997 to July 2010 where he held positions of increasing responsibility, most recently the Global Head of Equity Proprietary Trading. Mr. Calderini commenced his career at Deutsche Bank as Global Head of Emerging Markets. During his tenure at Deutsche Bank, Mr. Calderini also helped manage several groups across the fixed income and equity platforms, including the Global Credit Derivatives Team. Mr. Calderini received a B.A. in Economics from Universidad Nacional de Rosario in 1987 and a Masters in Economics from Universidad del Cema in 1988, each in Argentina.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.92 4.66 2.65 3.3