3 / 5 Stars
1 1 5 2 2
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
1 / 5 Stars
#49 in Aggressive Allocation
U.S. News evaluated 123 Aggressive Allocation Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 14.74 percent over the past year and 8.63 percent over the past three years.
|Trailing Returns||Updated 01.31.2014|
|Year to date||-2.1%|
|3 Years (Annualized)||8.6%|
|5 Years (Annualized)||16.2%|
|10 Years (Annualized)||N/A|
John Hancock Lifestyle Growth Portfolio, a fund of funds with a target-risk portfolio, is a one-stop shop that offers investors broad market exposure.
As of February 05, 2014, the fund has assets totaling $13.85 billion. Its portfolio consists of various underlying funds.
John Hancock Lifestyle Growth is a bit like a fund supermarket. It has a fund of funds structure, which means that instead of investing directly in stocks and bonds, the fund holds shares of other funds. Investors get access to a basket of funds whose specialties run the gamut from traditional, meat-and-potatoes stocks and bonds to sectors like natural resources and global real estate. The goal is to shelter investors from volatility by exposing them to a number of different asset classes and market capitalizations. In addition, as part of John Hancock's Lifestyle lineup, the fund employs a target-risk model. John Hancock offers five Lifestyle funds, each with a different target allocation of stocks and bonds. This fund aims to keep a steady allocation of about 80 percent in stock funds and 20 percent in bond funds, making it second only to the Lifestyle Aggressive Portfolio in stock weighting.
In 2010, the fund finished just about in line with the returns of the overall S&P 500 Index. During the downturn, Lifestyle Growth's exposure to funds investing in corporate and high-yield bonds weighed on returns as investors fled to U.S. treasuries, but these same bonds led to positive results as some of the riskier fare rallied in 2009. The fund also benefited in 2009 from exposure to commodities and emerging markets. During the downturn, the fund jettisoned a poorly performing Legg Mason fund and scooped up Wellington Management's Alpha Opportunities fund, which employs a growth and value mix. Up until 2005, Lifestyle Growth was offered exclusively as an annuity. The fund has returned 14.74 percent over the past year and 8.63 percent over the past three years.
MFC Global Investment Management, the company that owns John Hancock, makes decisions about the asset classes that the fund will invest in, and John Hancock Investment Management Services selects the funds that comprise the portfolio. Overall, the goal is to create a fund that will perform well in all market conditions by spreading the portfolio among different managers.
Role in Portfolio
It is a core offering for investors looking for exposure to a broad range of stocks.
Bruce Speca, Bob Boyda, and Steve Medina oversee the subadvisors used to build John Hancock's target-date funds.
John Hancock Funds Lifestyle Growth Portfolio has an expense ratio of 0.56 percent.
The growth fund is one of five risk categories that John Hancock offers in its Lifestyle Series. Of the five, this one is considered to be the second-riskiest because of its high stock exposure. Still, management uses diversification to reduce volatility.