JCUNX — Absolute Return Currency Fund
Data updated: 2022-10-04
JCUNX — Absolute Return Currency Fund. Bond · $530.31M AUM · 1.01% expense ratio · -9.7% 1-yr return. Holdings, fees, performance and SEC filings.
JCUNX Fund Overview
JCUNX — Absolute Return Currency Fund is a US mutual fund managed by John Hancock Funds II, categorised as Bond. 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: Bond
- Assets under management: $530.31M
- 1-year return: -9.7%
- Ticker: JCUNX
- SEC CIK: 0001331971
- SEC series ID: S000029556
- Share class ID: C000090703
JCUNX Investment Objective and Strategy
Absolute Return Currency Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by John Hancock Funds II.
Investment objective
The fund seeks to achieve absolute return from investments in currency markets.
Principal investment strategy
"Under normal market conditions, at least 80% of the value of the fund's net assets, including borrowings for investment purposes, if any, will be exposed to currency through currency forwards and other currency transactions, such as spot currency transactions and currency options. The fund's assets that are not used to purchase currency forwards and other currency instruments will be invested in investment-grade debt securities with maturities of one year or less. The fund seeks to achieve positive absolute returns (positive returns regardless of market conditions) through the income produced by the debt securities and any net gains resulting from fluctuations in the values of currencies. Net losses on currency transactions will reduce positive absolute returns. Investment-grade debt securities are securities that are rated in one of the four highest rating categories as determined by a nationally recognized statistical rating organization, such as Standard and Poor's Ratings Services (""S&P""), Fitch Ratings (""Fitch"") or Moody's Investors Service, Inc.
(""Moody's""), or their unrated equivalents. Such securities include U.S. government securities, including U.S. Treasuries, and cash equivalents. The fund's investment policies are based on credit ratings at the time of purchase. The fund may be exposed to currencies of developed and emerging market countries that, in the manager's opinion, have liquid currency markets. The fund seeks returns (alpha) that are not correlated to market movements. The manager uses a systematic, model-based approach to seek to exploit factors that drive the relative value of currency markets such as changes in short- and long-term interest rates, capital flows, trade flows, and supply/demand pressures. The investment models may not protect against or capture certain extraordinary sudden market events such as U.S.
or foreign government actions or interventions, and as a result may not be as effective during these periods. The portfolio management team maintains ultimate discretion over the investment modeling and decision-making. The fund may utilize various hedging and other strategic transactions, including derivative currency transactions such as currency forwards, cross currency forwards, and options on currencies. The fund's derivative transactions will typically be fully collateralized on a net basis and may cause the fund to have net short exposure to a particular currency that is not offset by a long position in another currency. The fund may use derivatives for many purposes, including for hedging and as a substitute for direct investment in securities or other assets. Among other reasons, the fund's manager may consider selling a security when its fundamentals deteriorate, its price appears overvalued on a relative or absolute basis, or a more attractive opportunity is identified."
JCUNX Performance
Total returns for JCUNX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -9.7% |
| 3 years (annualised) | 1.7% |
JCUNX Risk Information
Risk metrics for JCUNX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.1%
JCUNX Costs and Fees
JCUNX costs about $101 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.01%
- Gross expense ratio: 1.02%
- Portfolio turnover: 0%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
JCUNX Cashflows
Over the 12 months to 2022-07, Absolute Return Currency Fund had net outflows of $18.02M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-07 | $40.59M |
| 2022-06 | −$21.99M |
| 2022-05 | −$14.14M |
| 2022-04 | −$9.52M |
| 2022-03 | $9.33M |
| 2022-02 | −$9.62M |
JCUNX Debt Constituents
No individual debt constituents are reported in Absolute Return Currency Fund's latest SEC N-PORT filing.
JCUNX Prospectus and SEC Filings
Official Absolute Return Currency Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-11-19
- Prospectus (485BPOS) — filed 2020-11-20
- Prospectus supplement (497) — filed 2022-03-24
- Portfolio holdings (N-PORT) — filed 2022-09-28
- Portfolio holdings (N-PORT) — filed 2022-06-28
- Portfolio holdings (N-PORT) — filed 2022-03-31
- Annual census (N-CEN) — filed 2022-10-04
- Annual census (N-CEN) — filed 2021-10-13
Related Funds
Other Bond 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.