JHancock Multimanager 2065 Lifetime Portfolio Class I JABSX

The investment seeks high total return through the fund’s target retirement date, with a greater focus on income beyond the target date. 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 2065. The portfolio managers of the fund allocate assets among the underlying funds according to an asset allocation strategy that becomes increasingly conservative over time. It has a target asset allocation of 95% of its assets in underlying funds that invest primarily in equity securities.