JHancock Absolute Return Currency R2
Name
As of 05/04/2021Price
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
Vitals
YTD Return
-1.4%
1 yr return
2.2%
3 Yr Avg Return
4.7%
5 Yr Avg Return
2.6%
Net Assets
$470 M
Holdings in Top 10
100.0%
52 WEEK LOW AND HIGH
$10.2
$10.00
$10.69
Expenses
OPERATING FEES
Expense Ratio 1.30%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 0.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/04/2021Price
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
JHCCX - Profile
Distributions
- YTD Total Return -1.4%
- 3 Yr Annualized Total Return 4.7%
- 5 Yr Annualized Total Return 2.6%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.11%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameJohn Hancock Funds Absolute Return Currency Fund
-
Fund Family NameJohn Hancock
-
Inception DateMar 27, 2015
-
Shares OutstandingN/A
-
Share ClassRetirement
-
CurrencyUSD
-
Domiciled CountryUnited States
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.
JHCCX - Performance
Return Ranking - Trailing
Period | JHCCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.4% | -58.7% | 15.1% | 48.15% |
1 Yr | 2.2% | -8.2% | 23.9% | 76.32% |
3 Yr | 4.7%* | -4.5% | 3.8% | 7.89% |
5 Yr | 2.6%* | -3.1% | 3.0% | 10.53% |
10 Yr | 2.2%* | -5.0% | 2.3% | 8.11% |
* Annualized
Return Ranking - Calendar
Period | JHCCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 18.3% | -36.7% | 25.4% | 14.81% |
2022 | -4.7% | -100.0% | 15.2% | 80.65% |
2021 | -4.7% | -19.2% | 9.4% | 42.11% |
2020 | -1.8% | -12.3% | 13.1% | 76.32% |
2019 | 12.0% | -17.5% | 12.2% | 7.89% |
Total Return Ranking - Trailing
Period | JHCCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.4% | -58.7% | 15.1% | 48.15% |
1 Yr | 2.2% | -8.2% | 23.9% | 76.32% |
3 Yr | 4.7%* | -4.5% | 3.8% | 7.89% |
5 Yr | 2.6%* | -3.1% | 3.0% | 10.53% |
10 Yr | 2.2%* | -5.0% | 2.3% | 8.11% |
* Annualized
Total Return Ranking - Calendar
Period | JHCCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 18.3% | -36.7% | 18.5% | 11.11% |
2022 | -4.7% | -100.0% | 17.3% | 83.87% |
2021 | -4.3% | -19.2% | 9.4% | 42.11% |
2020 | -1.8% | -12.3% | 13.1% | 76.32% |
2019 | 12.0% | -17.5% | 12.2% | 7.89% |
NAV & Total Return History
JHCCX - Holdings
Concentration Analysis
JHCCX | Category Low | Category High | JHCCX % Rank | |
---|---|---|---|---|
Net Assets | 470 M | 155 K | 700 M | 18.42% |
Number of Holdings | 6 | 1 | 563 | 58.33% |
Net Assets in Top 10 | 376 M | 0 | 386 M | 16.67% |
Weighting of Top 10 | 100.00% | 20.8% | 100.0% | 35.29% |
Top 10 Holdings
- United States Treasury Bills 0.01% 55.81%
- United States Treasury Bills 0.01% 54.46%
- United States Treasury Bills 0.01% 53.98%
- United States Treasury Bills 0.01% 53.18%
- United States Treasury Bills 0.01% 37.57%
- United States Treasury Bills 0.01% 35.93%
- United States Treasury Bills 0.01% 32.03%
- United States Treasury Bills 0.01% 19.28%
- United States Treasury Bills 0.01% 19.28%
- State Street Instl Trs Pls MMkt Invsmt 8.26%
Asset Allocation
Weighting | Return Low | Return High | JHCCX % Rank | |
---|---|---|---|---|
Cash | 100.00% | 46.15% | 100.00% | 29.17% |
Stocks | 0.00% | -0.59% | 0.00% | 54.17% |
Preferred Stocks | 0.00% | 0.00% | 0.00% | 62.50% |
Other | 0.00% | 0.00% | 5.03% | 66.67% |
Convertible Bonds | 0.00% | 0.00% | 13.44% | 75.00% |
Bonds | 0.00% | -1.76% | 53.85% | 62.50% |
JHCCX - Expenses
Operational Fees
JHCCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.30% | 0.40% | 6.66% | 25.00% |
Management Fee | 0.91% | 0.40% | 1.00% | 92.11% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 60.00% |
Administrative Fee | N/A | 0.05% | 0.55% | N/A |
Sales Fees
JHCCX 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
JHCCX 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.
JHCCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 0.00% | 0.00% | 266.00% | 50.00% |
JHCCX - Distributions
Dividend Yield Analysis
JHCCX | Category Low | Category High | JHCCX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 0.00% | 63.16% |
Dividend Distribution Analysis
JHCCX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Monthly | Annually |
Net Income Ratio Analysis
JHCCX | Category Low | Category High | JHCCX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.11% | -1.82% | 4.19% | 50.00% |
Capital Gain Distribution Analysis
JHCCX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Daily | Daily |