John Hancock Funds II Multimanager Lifestyle Balanced Portfolio Class A (JALBX)

Overview

This fund is designed for investors looking for a mix of equity and fixed-income investments, providing a balance between potential growth through equities and the stability of fixed income. Its asset allocation strategy involves investing roughly 40% of its assets in underlying funds focused on fixed-income securities, and about 60% in underlying funds that are primarily equity-oriented. This proportion can vary between a 70%/30% and 50%/50% equity/fixed-income split, depending on market conditions and the fund manager's outlook. The aim is to offer investors a diversified portfolio through a blend of actively managed underlying funds, covering a broad spectrum of equity-type securities. Despite its diversification across various securities, the fund classifies itself as non-diversified, meaning it can take larger positions in fewer investments, potentially increasing risk and return.

Products and Services

• Equity Investments

  - The fund invests approximately 60% of its assets in underlying funds that primarily focus on equity securities, depending on the current allocation strategy which may shift between a majority equity to a balanced equity/fixed-income mix. This component aims to offer growth potential through exposure to the stock market.

• Fixed-Income Investments

  - About 40% of the fund's assets are allocated to underlying funds investing in fixed-income securities. This allocation can be adjusted within the range of 30% to 50%, based on the fund's equity/fixed-income allocation strategy. The fixed-income investments provide the fund with a stable income stream and act as a counterbalance to the more volatile equity portion.

• Actively Managed Underlying Funds

  - The fund invests in a variety of actively managed underlying funds, aiming to cover a wide array of equity-type securities through a collective approach. This strategy seeks to capitalize on the active management's potential to outperform the market, adding a layer of diversification and potentially enhanced returns for the investors.