JLDFX — Multimanager 2020 Lifetime Portfolio
Data updated: 2026-07-27
JLDFX — Multimanager 2020 Lifetime Portfolio. Target Date / Glide Path Allocation · $334.34M AUM. Holdings, fees, performance and SEC filings.
JLDFX Fund Overview
JLDFX — Multimanager 2020 Lifetime Portfolio is a US mutual fund managed by John Hancock Funds II, categorised as Target Date / Glide Path 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: Target Date / Glide Path Allocation
- Assets under management: $334.34M
- 1-year return: 8.1%
- Ticker: JLDFX
- SEC CIK: 0001331971
- SEC series ID: S000013653
- Share class ID: C000037348
JLDFX Investment Objective and Strategy
Multimanager 2020 Lifetime Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by John Hancock Funds II.
Investment objective
To seek high total return through the fund's target retirement date, with a greater focus on income beyond the target date. Total return, commonly understood as the combination of income and capital appreciation, includes interest, capital gains, dividends, and distributions realized over a given period of time.
Principal investment strategy
"Under normal market conditions, the fund invests substantially all of its assets in underlying funds using an asset allocation strategy designed for investors expected to retire around the year 2020. The portfolio managers of the fund allocate assets among the underlying funds according to an asset allocation strategy that becomes increasingly conservative over time. John Hancock Multimanager 2020 Lifetime Portfolio has a target asset allocation of 56% of its assets in underlying funds that invest primarily in equity securities. The fund will have a greater exposure to underlying funds that invest primarily in equity securities than will a John Hancock Multimanager Lifetime Portfolio with a closer target date. To reduce investment risk and volatility as retirement approaches and in the postretirement years, the asset allocation strategy will change over time according to a predetermined ""glide path"" shown in the following chart.
The fund may be a primary source of income for its shareholders after retirement. The fund is designed for investors who may remain invested in the fund through their retirement years. After the fund reaches its designated retirement year, it will continue to be managed according to an allocation strategy that becomes increasingly conservative over time, until approximately twenty years after retirement when the fund is expected to maintain a static allocation of approximately 25% of its assets in underlying funds that invest primarily in equity securities. The managers may, from time to time, adjust the percentage of assets invested in any specific underlying fund held by the fund. Such adjustments may be made to increase or decrease the fund's holdings of particular asset classes and investment styles or to reflect fundamental changes in the investment environment.
Over time, the asset allocation strategy will change according to a predetermined glide path shown in the chart below. The target allocation may be changed without shareholder approval if it is believed that such change would benefit the fund and its shareholders. The glide path is intended to reduce investment risk and volatility as retirement approaches and in the postretirement years since the fund may be a primary source of income for its shareholders after retirement. The allocations reflected in the glide path are also referred to as target allocations because they do not reflect active decisions made by the portfolio managers to produce an overweight or an underweight position in a particular asset class based on the managers' market outlook. The fund has a target allocation to underlying funds for the broad asset classes of equities and fixed-income, but may invest outside these target allocations to protect the fund or help it achieve its investment objective.
Any such deviation from the target allocation is not expected to be greater than plus or minus 10%, although this range may be exceeded in light of market or economic conditions in an effort to protect the fund or achieve its investment objective. Any such decisions would be made by taking into account relevant factors such as the current and expected economic environment, various fundamental factors such as the valuations of various asset classes, and various technical factors such as market sentiment. There is no guarantee that the portfolio managers will correctly predict the market or economic conditions and, as with other mutual fund investments, you could lose money even if the fund is at or close to its designated retirement year or in its postretirement stage. The portfolio managers believe that the majority of performance will be driven by the long-term strategic asset allocation mix as opposed to any shorter-term tactical asset allocation decisions.
GLIDE PATH CHART The allocations reflected in the glide path are referred to as target allocations because they do not reflect active decisions made by the portfolio managers to produce an overweight or an underweight position in a particular asset class. The fund has a target allocation for the broad asset classes of equity and fixed-income securities, but may invest outside these target allocations to protect the fund or help it achieve its objective. The managers may change the target allocation without shareholder approval if they believe that such change would benefit the fund and its shareholders. Under normal circumstances, any deviation from the target allocation is not expected to be greater than plus or minus 10%. Within the prescribed percentage allocation, the managers select the percentage level to be maintained in specific underlying funds.
New investments made by the fund may be directed to particular underlying funds in an effort to maintain the desired target allocations. There is no guarantee that the portfolio managers will correctly predict the market or economic conditions and, as with other mutual fund investments, you could lose money even if the fund is at or close to its designated retirement year or in its postretirement stage. The fund is designed for investors who may remain invested in the fund through their retirement years. The fund will continue to be managed according to an allocation strategy that becomes increasingly conservative over time until approximately twenty years after retirement, at which time the fund expects to maintain a static allocation of approximately 25% of its assets in equity underlying funds.
The fund may invest in underlying funds that invest in a broad range of equity and fixed-income securities and asset classes, including, but not limited to, U.S. and foreign securities, including emerging-market securities, commodities, asset-backed securities, small-cap securities, and below-investment-grade securities (i.e., junk bonds). The underlying funds may also use derivatives, such as swaps, foreign currency forwards, futures, and options, in each case for the purposes of reducing risk, obtaining efficient market exposure and/or enhancing investment returns. The fund may invest in various actively and passively managed underlying funds that as a group hold a wide range of equity-type securities in their portfolios, including convertible securities. These include small-, mid-, and large-capitalization stocks, domestic and foreign securities (including emerging-market securities), and sector holdings.
Certain equity underlying funds may invest in initial public offerings (IPOs). Each of the equity underlying funds has its own investment strategy that, for example, may focus on growth stocks or value stocks, or may employ a strategy combining growth and income stocks, and/or may invest in derivatives such as credit default swaps, foreign currency forwards, interest rate swaps, options on securities, and futures contracts. Certain of the actively and passively managed underlying funds focus their investment strategy on fixed-income securities, which may include investment-grade and below-investment-grade debt securities with maturities that range from shorter to longer term. The fixed-income underlying funds collectively hold various types of debt instruments such as corporate bonds and mortgage-backed, government-issued, domestic, and international securities (including emerging market securities).
Certain underlying funds may invest in illiquid securities, and certain underlying funds may be non-diversified. The fund may invest directly in exchange-traded funds (ETFs), exchange-traded notes (ETNs), the securities of other investment companies, U.S. government securities, and other types of investments such as derivatives, including credit default swaps, options on equity index futures, interest-rate swaps, and foreign currency forward contracts, in each case for the purposes of reducing risk, obtaining efficient market exposure, and/or enhancing investment returns. To the extent permitted by law, the Board of Trustees of the fund may, in its discretion, determine to combine the fund with another fund without shareholder approval if the target allocation of the fund matches the target allocation of the other fund, although there is no assurance that the Board of Trustees will so determine at any point.
The fund bears its own expenses and, in addition, indirectly bears its proportionate share of the expenses of the underlying funds in which it invests. The fund's performance reflects both the managers' allocation decisions and the performance of the underlying funds."
JLDFX Holdings
Top 10 holdings of Multimanager 2020 Lifetime Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| John Hancock Core Bond Fund Jhancock Core Bond-Nav | 12.88% |
| Hancock John Sovereign Bd Fd Mutual Fund | 12.47% |
| John Hancock Funds II Multimanager 2010 Lifetime Portfolio | 9.96% |
| John Hancock Short Duration Bo John Hancock Shrt Dur Bd-Nav | 8.21% |
| Natixis | 6.78% |
| John Hancock Investors Trust | 4.64% |
| Jhfii Strat Income Opp Fund Nav Class | 4.46% |
| John Hancock Investors Trust | 4.41% |
| John Hancock Investors Trust | 3.63% |
| John Hancock Disciplined Value International Fund | 3.60% |
JLDFX Portfolio Allocation
Asset-class allocation of Multimanager 2020 Lifetime Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 93.4% |
| Fixed Income | 6.4% |
JLDFX Performance
Total returns for JLDFX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 8.1% |
JLDFX Risk Information
Risk metrics for JLDFX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 14.7%
JLDFX Costs and Fees
JLDFX costs about $120 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.20%
- Gross expense ratio: 1.56%
- Portfolio turnover: 19%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
JLDFX Cashflows
Over the 12 months to 2026-05, Multimanager 2020 Lifetime Portfolio had net outflows of $61.83M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | −$4.80M |
| 2026-04 | −$4.47M |
| 2026-03 | −$8.01M |
| 2026-02 | −$8.02M |
| 2026-01 | −$7.55M |
| 2025-12 | $13.71M |
JLDFX Debt Constituents
Largest debt holdings of Multimanager 2020 Lifetime Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Treasury Inflati 04/30 1.625 | 2.18% |
| United States Treasury Inflati 04/29 2.125 | 1.84% |
| United States Treasury Inflati 04/28 1.25 | 1.72% |
| United States Treasury Strip P 02/54 0.00000 | 0.23% |
| United States Treasury Strip P 11/52 0.00000 | 0.20% |
| United States Treasury Strip P 05/55 0.00000 | 0.15% |
| United States Treasury Strip P 08/51 0.00000 | 0.10% |
JLDFX Prospectus and SEC Filings
Official Multimanager 2020 Lifetime Portfolio 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 Target Date / Glide Path 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.