JAAPX — Alternative Asset Allocation Fund
Data updated: 2026-07-27
JAAPX — Alternative Asset Allocation Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. United States Financials Equity · $1.62B AUM · 1.76% expense ratio · 8.6% 1-yr return. From SEC regulatory filings.
JAAPX Fund Overview
JAAPX — Alternative Asset Allocation Fund is a US mutual fund managed by John Hancock Funds II, categorised as United States Financials Equity. 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: United States Financials Equity
- Assets under management: $1.62B
- 1-year return: 8.6%
- Ticker: JAAPX
- SEC CIK: 0001331971
- SEC series ID: S000023552
- Share class ID: C000113512
JAAPX Holdings
Top 10 holdings of Alternative Asset Allocation Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Calamos Market Neutral Income Calamos Mrkt Neu, Inc.-I | 13.70% |
| BlackRock Funds-BlackRock Tactical Opportunities Fund | 11.29% |
| JPMorgan Hedged Equity Fund JPMorgan Hedged Equity-R6 | 10.88% |
| Victory Market Neutral Income Victory Mrkt Ntrl, Inc.-I | 10.71% |
| John Hancock Funds II-Multi-Asset Absolute Return Fund | 9.06% |
| The Arbitrage Funds | 8.21% |
| John Hancock Diversified Macro John Hancock Div Mac Fu-Nav | 7.93% |
| John Hancock Disciplined Value Jh Disc Val Gl Lng/shrt-Nav | 7.23% |
| Virtus Alphasimplex Managed Fu Virtus Alphasim Mgd Fut-R6 | 5.41% |
| John Hancock Hedged Equity ETF John Hancock Hedged Eq ETF | 5.31% |
JAAPX Portfolio Allocation
Asset-class allocation of Alternative Asset Allocation Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 96.7% |
| Cash & Equivalents | 3.3% |
JAAPX Performance
Total returns for JAAPX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 4.2% |
| 1 year | 8.6% |
| 3 years (annualised) | 7.2% |
| 5 years (annualised) | 4.6% |
JAAPX Risk Information
Risk metrics for JAAPX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.6%
JAAPX Costs and Fees
JAAPX costs about $176 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.76%
- Gross expense ratio: 1.94%
- Portfolio turnover: 24%
- Brokerage commissions: 0.51 bps of average net assets (SEC N-CEN)
JAAPX Cashflows
Over the 12 months to 2026-02, Alternative Asset Allocation Fund had net inflows of $499.09M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-02 | $9.86M |
| 2026-01 | $9.19M |
| 2025-12 | $418.15M |
| 2025-11 | $5.78M |
| 2025-10 | $6.04M |
| 2025-09 | −$795.93K |
JAAPX Debt Constituents
No individual debt constituents are reported in Alternative Asset Allocation Fund's latest SEC N-PORT filing.
JAAPX Prospectus and SEC Filings
Official Alternative Asset Allocation Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other United States Financials Equity 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.