Alternative Risk Premia Fund

Data updated: 2021-06-28

C000214223 — Alternative Risk Premia Fund. Commodity · $64.52M AUM · 1.42% expense ratio · -3.5% 1-yr return. Holdings, fees, performance and SEC filings.

C000214223 Fund Overview

Alternative Risk Premia Fund is a US mutual fund managed by John Hancock Investment Trust, categorised as Commodity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

Type: US mutual fund
Manager: John Hancock Investment Trust
Category: Commodity
Assets under management: $64.52M
1-year return: -3.5%
SEC CIK: 0000022370
SEC series ID: S000066382
Share class ID: C000214223

C000214223 Investment Objective and Strategy

Alternative Risk Premia Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by John Hancock Investment Trust.

Investment objective

To seek long-term positive absolute returns.

Principal investment strategy

The fund pursues its investment objective by seeking to provide exposure to a diversified range of alternative investment styles (Alternative Risk Premia) using both long and short positions within a variety of asset classes globally. Alternative Risk Premia are multi-asset, quantitatively driven investment strategies that seek to capture diversified sources of return. The Alternative Risk Premia can be classified into the following groups: Carry, Trend, Value, and Equity Factor. The manager will allocate to Alternative Risk Premia across a range of asset classes comprising equities, fixed income, credit, foreign currencies, and commodities. Exposure to these asset classes may be implemented directly or indirectly by investing in (i) global equity and fixed-income securities; (ii) unaffiliated investment companies, including exchange-traded funds (ETFs); (iii) affiliated investment companies, including ETFs, that currently exist or that may become available for investment in the future for which John Hancock or an affiliate (now or in the future) acts as investment adviser or principal underwriter; and (iv) derivative instruments, including futures (including index futures, equity futures, interest rate futures, bond futures and commodity futures), currency futures and forward contracts, options (including written and purchased options on equities, bonds, commodities, and equity and bond futures, including futures on indices), swaps (including equity swaps, bond swaps, interest rate swaps, swaps on index futures, total return swaps, inflation swaps and credit default swaps on indices) and commodity-linked notes.

The funds exposure to equities includes securities of U.S. and non-U.S. issuers and equity indices representing the U.S. and non-U.S. countries, including emerging markets. The manager will consider, but is not limited to, the MSCI market classifications in determining whether a country is a developed or emerging market country. The fund will have exposure to U.S. Government securities and sovereign debt issued by other developed countries and bond indices representing such securities. The fund has no limits with respect to credit rating, maturity or duration of the debt securities in which it may invest and may invest in debt securities of any credit rating, maturity or duration, including high yield or junk bonds. From time to time, the fund may have significant exposure to non-U.S. dollar denominated currencies.

The fund is generally intended to have a low correlation to the equity, bond and credit markets. The fund also is not designed to match the performance of any hedge fund index or benchmark. In order to minimize market impact and reduce trading costs, where applicable, the manager will utilize a proprietary approach to algorithmic trading. The main Alternative Risk Premia employed by the fund are, but are not limited to: Carry: Carry styles seek to capitalize on the tendency for a higher-yielding asset (e.g., a below investment grade bond (a junk bond)) to outperform a lower-yielding asset (e.g., an investment grade bond). Trend: Trend styles seek to exploit the tendency for recent price movements to continue in the near future. Value: Value styles seek to capitalize on the tendency for assets with low or high market prices and valuations to revert to their fundamental or intrinsic levels.

Equity Factor: Equity Factor styles seek to capitalize on various tendencies related to stock investments including but not limited to value, size, trend, quality, momentum, and low volatility. The fund is actively managed and the funds exposures to the various Alternative Risk Premia and asset classes will vary over time based on the managers proprietary investment model and its ongoing evaluation of investment opportunities. The fund expects, under normal market conditions, to maintain exposure to all Alternative Risk Premia at all times; however, not all styles are represented within each asset class. The funds use of derivatives will have the economic effect of financial leverage. Financial leverage magnifies exposure to the swings in prices of an asset class underlying an instrument and results in increased volatility, which means the fund will have the potential for greater gains as well as the potential for greater losses than if the fund does not use instruments that have a leveraging effect.

The fund, on average, will target an annualized volatility of approximately 8%. Volatility is a statistical measurement of the dispersion of returns of a security or fund or index, as measured by the annualized standard deviation of returns. The funds actual or realized volatility level for longer or shorter periods of time may be materially higher or lower depending on market conditions. Investment in the Subsidiary . The fund may gain exposure to the commodities markets by investing up to 25% of its total assets in a wholly owned subsidiary of the fund organized as a company under the laws of the Cayman Islands: John Hancock Alternative Risk Premia Offshore Subsidiary Fund, Ltd. (the Subsidiary). The Subsidiary is advised by the subadvisor, under the supervision of the advisor, and seeks to gain commodities exposure.

The Subsidiary primarily obtains its commodity exposure by investing in commodity-linked derivative instruments, which may include but are not limited to total return swaps, commodity (U.S. or foreign) futures and commodity-linked notes. Neither the fund nor the Subsidiary intends to invest directly in physical commodities. The Subsidiary may also invest in other instruments, including fixed-income securities, either as investments or to serve as margin or collateral for its swap positions, and foreign currency transactions (including forward contracts).

C000214223 Performance

Total returns for C000214223 (as of 2026-10-01), from SEC filings.

Period	Total return
1 year	-3.5%

C000214223 Risk Information

Risk metrics for C000214223, derived from monthly returns in SEC filings.

1-year volatility (annualised): 3.2%

C000214223 Costs and Fees

C000214223 costs about $142 per $10,000 invested per year in fund expenses.

Net expense ratio: 1.42%
Gross expense ratio: 1.43%
Portfolio turnover: 318%
Brokerage commissions: 4.43 bps of average net assets (SEC N-CEN)

C000214223 Cashflows

Over the 12 months to 2021-04, Alternative Risk Premia Fund had net outflows of $59.92M, from monthly SEC N-PORT filings.

Month	Net flow
2021-04	−$59.95M
2021-03	−$102.82K
2021-02	$333.84K
2021-01	−$114.64K
2020-12	$418.81K
2020-11	$235.69K

C000214223 Debt Constituents

No individual debt constituents are reported in Alternative Risk Premia Fund's latest SEC N-PORT filing.

C000214223 Prospectus and SEC Filings

Official Alternative Risk Premia Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Commodity funds tracked on ABC INVEST:

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.