John Hancock announced portfolio construction changes on several of its multi-asset offerings that will take place on or about April 8, 2022. The firm will liquidate the John Hancock Funds Strategic Equity Allocation strategy, which is not held directly by retail shareholders but is an underlying holding on its Multi-Index Lifestyle, Multimanager Lifetime, Multi-Index Lifetime, and Multi-Index Preservation portfolios, and reallocate the proceeds to four strategies that will mirror its positioning. As such, the series’ Morningstar Analyst Ratings remain unchanged.
JHancock Multi-Index 2040 Lifetime R6 JRTWX
NAV / 1-Day Return
11.60
/
0.69
%
Total Assets
408.8 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.320%
Expense Ratio
0.320%
Fee Level
Below Average
Longest Manager Tenure
8.65
years
Category
Target-Date 2040
Investment Style
Large BlendCredit Quality / Interest Rate Sensitivity
Medium / ModerateStatus
Open
TTM Yield
2.90%
Turnover
20%
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will JRTWX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable JRTWX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the JRTWX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of JRTWX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Portfolio Tweak Doesn't Impact John Hancock Multi-Index Lifetime's Profile; Ratings Unchanged
