John Hancock Multimanager Lifetime target-date series features a quality lineup of subadvisors, but it uses a complex process with a lot of moving parts, reducing its appeal. It retains a Morningstar Analyst Rating of Neutral across all share classes.
Will JLBAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable JLBAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the JLBAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of JLBAX’s parent organization’s priorities and whether they’re in line with investors’ interests.