JAASX — Alternative Asset Allocation Fund
Data updated: 2026-07-27
JAASX — Alternative Asset Allocation Fund. United States Blend / Core Financials Equity · $1.62B AUM. Holdings, fees, performance and SEC filings.
JAASX Fund Overview
JAASX — Alternative Asset Allocation Fund is a US mutual fund managed by John Hancock Funds II, categorised as United States Blend / Core 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 Blend / Core Financials Equity
- Assets under management: $1.62B
- 1-year return: 11.5%
- Ticker: JAASX
- SEC CIK: 0001331971
- SEC series ID: S000023552
- Share class ID: C000128529
JAASX 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% |
JAASX 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% |
JAASX Performance
Total returns for JAASX (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 6.0% |
| 1 year | 11.5% |
| 3 years (annualised) | 7.7% |
| 5 years (annualised) | 4.5% |
JAASX Risk Information
Risk metrics for JAASX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.0%
JAASX Costs and Fees
JAASX costs about $151 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.51%
- Gross expense ratio: 1.79%
- Portfolio turnover: 24%
- Brokerage commissions: 0.51 bps of average net assets (SEC N-CEN)
JAASX Cashflows
Over the 12 months to 2026-05, Alternative Asset Allocation Fund had net inflows of $574.48M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | $106.36M |
| 2026-04 | −$3.83M |
| 2026-03 | $10.69M |
| 2026-02 | $9.86M |
| 2026-01 | $9.19M |
| 2025-12 | $418.15M |
JAASX Debt Constituents
No individual debt constituents are reported in Alternative Asset Allocation Fund's latest SEC N-PORT filing.
JAASX Prospectus and SEC Filings
Official Alternative Asset Allocation 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 United States Blend / Core 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.