Investment objective & strategy
As of Nov. 21, 2025 · prospectusObjective. To seek long term total return.
Strategy. The fund may use an extensive range of investment strategies and invest in a wide spectrum of equity and fixed-income securities, as well as derivative instruments, in pursuing its investment objective. The fund may invest in equity securities of U.S. and foreign companies of various market capitalizations and fixed-income securities of companies and government and supranational entities around the world, including in emerging and developed markets. The fund is not subject to any maturity, market capitalization, or credit quality restrictions and may invest in high-yield below-investment-grade bonds (junk bonds) without limitation. The fund may invest significantly in particular economic sectors. The fund also may invest extensively in derivative instruments, which may relate to equity securities, fixed-income securities, interest rates, total … The fund may use an extensive range of investment strategies and invest in a wide spectrum of equity and fixed-income securities, as well as derivative instruments, in pursuing its investment objective. The fund may invest in equity securities of U.S. and foreign companies of various market capitalizations and fixed-income securities of companies and government and supranational entities around the world, including in emerging and developed markets. The fund is not subject to any maturity, market capitalization, or credit quality restrictions and may invest in high-yield below-investment-grade bonds (junk bonds) without limitation. The fund may invest significantly in particular economic sectors. The fund also may invest extensively in derivative instruments, which may relate to equity securities, fixed-income securities, interest rates, total return rates, currencies or currency exchange rates, or indexes. Derivatives, including futures, options, swaps (including credit default and variance swaps), and foreign currency forward contracts, may be used for both investment and hedging purposes. The manager seeks to maximize risk-adjusted absolute return by using multiple strategies across listed equity, equity-related, and debt securities, derivatives, or other instruments as part of a diversified portfolio. These strategies aim to exploit market cyclicality and a diverse array of inefficiencies across and within markets. The manager manages the funds investment strategies dynamically over time and will actively modify investment strategies and develop new strategies in response to additional research, changing market conditions, or other factors. The fund also may hold cash or invest its cash balances in cash equivalents and short-term investments, including money market funds.
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| US TREASURY N/B | — | $12.74M | 4.33% |
| US TREASURY N/B | — | $11.20M | 3.80% |
| US TREASURY N/B | — | $8.99M | 3.05% |
| US TREASURY N/B | — | $7.19M | 2.44% |
| US TREASURY N/B | — | $6.64M | 2.26% |
| COCA-COLA CO/THE | — | $6.30M | 2.14% |
| US TREASURY N/B | — | $5.67M | 1.93% |
| MICROSOFT CORP | — | $5.41M | 1.84% |
| AKAMAI TECHNOLOGIES INC | — | $5.16M | 1.75% |
| ALPHABET INC CL A | — | $5.14M | 1.75% |
Portfolio moves
Nov 30, 2025 → Feb 28, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| State Street(R) SPDR(R) MSCI USA StrategicFactors(SM) ETF · QUS | 21% | 0.15% |
| T. Rowe Price Capital Appreciation and Income Fund · PRCFX, PRCHX | 21% | 0.49% |
| AQR Large Cap Defensive Style Fund · AUENX, AUEIX, QUERX | 20% | 0.31% |
Advisers
| Firm | Role |
|---|---|
| John Hancock Investment Management LLC | Adviser |
| Nordea Investment Management North America, Inc. | Sub-adviser |
Footnotes
- Expense ratio as of November 21, 2025, from the fund's prospectus.
- Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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