John Hancock Multimanager Lifetime target-date series features a quality lineup of subadvisors, but it uses a complex process with a lot of moving parts, reducing its appeal. It retains a Morningstar Analyst Rating of Neutral across all share classes.
JHancock Multimanager 2040 Lifetime 1 JLIOX
NAV / 1-Day Return
12.49
/
1.81
%
Total Assets
1.1 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.630%
Expense Ratio
0.630%
Fee Level
Average
Longest Manager Tenure
8.68
years
Category
Target-Date 2040
Investment Style
Large BlendCredit Quality / Interest Rate Sensitivity
Low / ModerateStatus
Open
TTM Yield
3.04%
Turnover
21%
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will JLIOX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable JLIOX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the JLIOX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of JLIOX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Reshaped, but still complex.
