JRFQX — Multi-Index Income Preservation Portfolio
Data updated: 2023-07-27
JRFQX — Multi-Index Income Preservation Portfolio. Target Date / Glide Path Allocation · $450.39M AUM. Holdings, fees, performance and SEC filings.
JRFQX Fund Overview
JRFQX — Multi-Index Income Preservation 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: $450.39M
- 1-year return: 4.6%
- Ticker: JRFQX
- SEC CIK: 0001331971
- SEC series ID: S000028821
- Share class ID: C000088360
JRFQX Investment Objective and Strategy
Multi-Index Income Preservation 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 until the fund's target retirement date, with a greater focus on income as the target date approaches. 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 primarily invests its assets in underlying funds using an asset allocation strategy designed for investors in or near retirement. Under normal market conditions, the fund is expected to maintain an allocation of about 8% of its assets in underlying funds that invest primarily in equity securities. The fund typically will have greater exposure to underlying funds that invest primarily in fixed-income securities than will other John Hancock Multi-Index Preservation Portfolios, which are designed for investors who plan to retire around a specific target date. The fund's allocations to equity and fixed-income are referred to as neutral 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 this target allocation to protect the fund or help it achieve its objective. The investment advisor may change the target allocation without shareholder approval if it believes such change would benefit the fund and its shareholders. There is no guarantee that the managers will correctly predict the market or economic conditions. There is no guarantee that the fund will preserve either income or capital and, as with other mutual fund investments, you could lose money. Unlike other John Hancock Multi-Index Preservation Portfolios, the fund is not designed to decrease its equity holdings over time. The fund is designed for an investor in or near retirement, and it is anticipated that investors will make gradual withdrawals from the fund.
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. The fund is not designed to track an index or group of indexes.
Equity-type securities 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 legally permitted, 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.
JRFQX Performance
Total returns for JRFQX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 4.6% |
JRFQX Risk Information
Risk metrics for JRFQX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.3%
JRFQX Costs and Fees
JRFQX costs about $109 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.09%
- Gross expense ratio: 1.42%
- Portfolio turnover: 19%
- Brokerage commissions: 1.01 bps of average net assets (SEC N-CEN)
JRFQX Cashflows
Over the 12 months to 2023-05, Multi-Index Income Preservation Portfolio had net outflows of $60.06M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-05 | −$10.70M |
| 2023-04 | −$5.95M |
| 2023-03 | −$5.81M |
| 2023-02 | −$7.62M |
| 2023-01 | −$1.75M |
| 2022-12 | $19.78M |
JRFQX Debt Constituents
No individual debt constituents are reported in Multi-Index Income Preservation Portfolio's latest SEC N-PORT filing.
JRFQX Prospectus and SEC Filings
Official Multi-Index Income Preservation Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-12-23
- Prospectus (485BPOS) — filed 2021-12-23
- Prospectus (485BPOS) — filed 2021-06-07
- Portfolio holdings (N-PORT) — filed 2023-07-27
- Portfolio holdings (N-PORT) — filed 2023-04-26
- Portfolio holdings (N-PORT) — filed 2023-01-27
- Annual census (N-CEN) — filed 2021-11-12
- Annual census (N-CEN) — filed 2020-11-12
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.