Multi-Asset High Income Fund
Data updated: 2026-07-27
C000219602 — Multi-Asset High Income Fund. Balanced Allocation · $410.51M AUM · 0.58% expense ratio. Holdings, fees, performance and SEC filings.
C000219602 Fund Overview
Multi-Asset High Income Fund is a US mutual fund managed by John Hancock Funds II, categorised as Balanced Allocation. 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 Funds II
- Category: Balanced Allocation
- Assets under management: $410.51M
- 1-year return: 13.4%
- SEC CIK: 0001331971
- SEC series ID: S000045160
- Share class ID: C000219602
C000219602 Investment Objective and Strategy
Multi-Asset High Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by John Hancock Funds II.
Investment objective
Seeks to provide a high level of current income with consideration for capital appreciation and preservation.
Principal investment strategy
The fund has significant flexibility to achieve its investment objective and invests in a broad range of income-producing securities, affiliated and unaffiliated underlying funds, and exchange-traded funds (ETFs). The fund may invest directly in debt and equity securities, in underlying funds, in derivative instruments, or in any combination thereof without limitations other than those stated below. The allocation of the fund's investments will vary and, at any given time, the fund may not be invested in all the types of securities and other investments described below. The fund may invest in the U.S. and foreign markets, including emerging markets. Investments may be in any currency and may be currency-hedged or unhedged. There is no limit on the number of countries in which the fund may invest, and the fund may focus its investments in a single country or a small group of countries.
The manager has wide latitude to allocate the fund's assets among strategies and asset classes. Investment decisions are based on the manager's views of strategies, sectors, and overall portfolio construction, taking into account income generation, risk/return analyses, and relative value considerations. The fund may invest up to 100% of its assets in fixed-income securities and up to 70% of its assets in equity securities. The fund may invest in a portfolio of fixed-income securities such as corporate bonds and notes, government obligations, and mortgage- and asset-backed, convertible, and preferred securities. The fund may also invest in common and preferred stock, securities convertible into common and preferred stock, and non-convertible preferred stock and ETFs, as well as fixed-income and equity funds and ETFs.
The fund may also invest significantly in below-investment-grade bonds (e.g., high-yield bonds, junk bonds, or arbitrage and distressed securities) and bank loans, foreign currency-denominated bonds, and bonds of emerging-market issuers. Some loans may be illiquid. The fund may invest in other investment companies, including closed-end funds. Below-investment-grade bonds acquired by the fund directly or through underlying funds will generally be rated BB or lower by Standard & Poor's Ratings Services, Ba or lower by Moody's Investors Service, or of similar quality if unrated. There are no limits regarding portfolio duration or average maturity and average duration will vary. The fund generally intends to invest in dividend-paying stocks. The fund may invest through initial public offerings (IPOs) and in securities of companies of any market capitalization.
The fund also may invest extensively in derivative instruments such as futures, options, and swaps, which may relate to equity securities, fixed-income securities, interest rates, total return rates, currencies or currency exchange rates, among other things, and may be used to hedge against losses from movements in stock, currency exchange rates or interest rates or for other hedging purposes, to invest indirectly in securities or financial markets, for duration management, to gain exposure to foreign currencies, for efficient portfolio management, or to generate income. The fund also may invest in restricted or illiquid securities. The fund also may invest in alternative or non traditional asset categories such as commodities, market neutral (long/short) strategies, global real estate, natural resources, TIPS (Treasury Inflation-Protected Securities), foreign currency trading strategies, managed futures, arbitrage strategies, and tactical investment strategies.
These investments may be made either directly or through exchange-traded notes (ETNs) or investment companies, including ETFs. The fund and/or the underlying funds may trade securities actively, which could result in a high portfolio turnover ratio.
C000219602 Holdings
Top 10 holdings of Multi-Asset High Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Jh Collateral | 7.29% |
| Ubs AG Msft Eln Eln 90304m550 | 0.81% |
| Ubs AG Avgo Eln Eln 90304m568 | 0.53% |
| Ubs AG Nvda Eln Eln | 0.52% |
| Goldman Sachs Bank USA | 0.52% |
| Ford Motor Company | 0.51% |
| United States Treasury Bills | 0.48% |
| CCO Holdings LLC/CCO Holdings Capital Corp. | 0.48% |
| United States Treasury Bills | 0.44% |
| 1261229 B.C. Ltd. | 0.43% |
C000219602 Portfolio Allocation
Asset-class allocation of Multi-Asset High Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 62.7% |
| Equity | 31.1% |
| Cash & Equivalents | 7.3% |
| Loans | 1.0% |
C000219602 Performance
Total returns for C000219602 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 5.0% |
| 1 year | 13.4% |
| 3 years (annualised) | 12.2% |
| 5 years (annualised) | 5.9% |
C000219602 Risk Information
Risk metrics for C000219602, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 5.2%
C000219602 Costs and Fees
C000219602 costs about $58 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.58%
- Gross expense ratio: 0.70%
- Portfolio turnover: 46%
- Brokerage commissions: 1.54 bps of average net assets (SEC N-CEN)
C000219602 Cashflows
Over the 12 months to 2026-05, Multi-Asset High Income Fund had net inflows of $285.22M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | −$189.94K |
| 2026-04 | $160.89M |
| 2026-03 | $126.86M |
| 2026-02 | −$1.39M |
| 2026-01 | $705.62K |
| 2025-12 | $302.69K |
C000219602 Debt Constituents
Largest debt holdings of Multi-Asset High Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Ubs AG Msft Eln Eln 90304m550 | 0.81% |
| Ubs AG Avgo Eln Eln 90304m568 | 0.53% |
| Ubs AG Nvda Eln Eln | 0.52% |
| Goldman Sachs Bank USA | 0.52% |
| United States Treasury Bills | 0.48% |
| CCO Holdings LLC/CCO Holdings Capital Corp. | 0.48% |
| United States Treasury Bills | 0.44% |
| 1261229 B.C. Ltd. | 0.43% |
| AltaGas Ltd. | 0.41% |
| Goldman Sachs Bank USA | 0.41% |
C000219602 Prospectus and SEC Filings
Official Multi-Asset High Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-12-20
- Prospectus (485BPOS) — filed 2023-12-21
- Prospectus (485BPOS) — filed 2022-12-23
- Portfolio holdings (N-PORT) — filed 2026-07-27
- Portfolio holdings (N-PORT) — filed 2026-04-28
- Portfolio holdings (N-PORT) — filed 2026-01-28
- Annual census (N-CEN) — filed 2024-11-13
- Annual census (N-CEN) — filed 2023-11-08
Related Funds
Other Balanced Allocation 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.