JAAAX Performance — Alternative Asset Allocation Fund, Class A
Data updated: 2026-07-27
JAAAX returned +5.95% year to date and +11.40% over one year to May 2026. Annualised returns are +7.49% over 3 years and +4.32% over 5 years. The fund trailed its Financials Equity category average: $100 invested three years ago grew to $124, against $163 for the category, and to $111 over one year, against $114. Volatility over the past three years was 3.69% a year. In the 12 months to May 2026 the fund took in a net $574.5M, and assets reached $1.62B.
JAAAX Growth of $100
What $100 invested in Alternative Asset Allocation Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Financials Equity category average over the same months.
| Period | JAAAX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $111 | $114 |
| 3 years (Jun 2023 – May 2026) | $124 | $163 |
| 5 years (Jun 2021 – May 2026) | $124 | $138 |
| Since data start (Sep 2019 – May 2026) | $137 | $187 |
JAAAX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +5.95% |
| 1 year | +11.40% |
| 3 years (annualised) | +7.49% |
| 5 years (annualised) | +4.32% |
JAAAX Annual Returns
Calendar-year total returns of Alternative Asset Allocation Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +5.95% |
| 2025 | +6.21% |
| 2024 | +6.65% |
| 2023 | +5.78% |
| 2022 | −3.12% |
| 2021 | +4.76% |
| 2020 | +4.35% |
| 2019 (Sep–Dec) | +1.95% |
JAAAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +2.2% | +2.0% | −1.6% | +2.9% | +0.5% | — | — | — | — | — | — | — |
| 2025 | +1.5% | +0.2% | −1.2% | −0.9% | +1.4% | +1.3% | +0.2% | +1.0% | +1.4% | +0.2% | +0.8% | +0.1% |
| 2024 | +0.5% | +1.2% | +1.7% | −1.0% | +1.0% | +0.6% | +1.0% | +0.7% | +0.9% | −0.8% | +1.4% | −0.7% |
| 2023 | +2.1% | −0.9% | +0.8% | +0.9% | −0.6% | +1.0% | +1.1% | −0.3% | −1.1% | −0.5% | +2.1% | +1.1% |
| 2022 | −0.8% | −0.5% | +0.7% | −1.0% | −0.1% | −2.0% | +1.3% | −0.5% | −2.9% | +1.5% | +1.8% | −0.5% |
| 2021 | −0.5% | +0.9% | +1.0% | +2.0% | +0.7% | +0.1% | +0.3% | +0.2% | −1.0% | +0.9% | −1.7% | +1.7% |
| 2020 | −0.3% | −2.4% | −4.8% | +2.9% | +1.6% | +0.6% | +2.5% | +0.8% | −0.8% | −0.4% | +2.9% | +1.8% |
| 2019 | — | — | — | — | — | — | — | — | −0.1% | +0.6% | +0.5% | +0.9% |
JAAAX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 3.69%
- 3-year Sharpe ratio: 0.81 (vs 4.5% risk-free rate)
- Best month: +2.87% (Apr 2026)
- Worst month: −1.61% (Mar 2026)
JAAAX Fund Flows
Monthly money in and out of Alternative Asset Allocation Fund, from SEC Form N-PORT.
- 12-month net flow: $574.5M
- 12-month gross sales (incl. reinvestments): $899.8M
- Sales ÷ redemptions: 2.77×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $133.2M | $26.9M | $106.4M |
| Apr 2026 | $40.4M | $44.2M | −$3.8M |
| Mar 2026 | $35.6M | $24.9M | $10.7M |
| Feb 2026 | $30.9M | $21.0M | $9.9M |
| Jan 2026 | $45.6M | $36.4M | $9.2M |
| Dec 2025 | $442.3M | $24.1M | $418.2M |
| Nov 2025 | $24.5M | $18.7M | $5.8M |
| Oct 2025 | $26.8M | $20.7M | $6.0M |
| Sep 2025 | $20.5M | $21.3M | −$796K |
| Aug 2025 | $22.2M | $15.5M | $6.7M |
| Jul 2025 | $46.4M | $37.2M | $9.2M |
| Jun 2025 | $31.5M | $34.4M | −$2.9M |
JAAAX Assets Under Management
Net assets of Alternative Asset Allocation Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $1.62B |
| 2026-02-28 | $1.48B |
| 2025-11-30 | $1.00B |
| 2025-08-31 | $970.16M |
| 2025-05-31 | $932.47M |
| 2025-02-28 | $900.29M |
| 2024-11-30 | $826.62M |
| 2024-08-31 | $787.77M |
| 2024-05-31 | $787.48M |
| 2024-02-29 | $782.80M |
| 2023-11-30 | $748.57M |
| 2023-08-31 | $757.73M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.