Managed Volatility Balanced Portfolio
Actively managed U.S. stock fund
As of its 2026 Q2 report, Managed Volatility Balanced Portfolio held 43 positions with $3.86B in net assets. Its ten largest holdings made up 65.4% of the fund. The JAIYX share class costs 0.75% a year. Over the 12 months to May 2026, JAIYX returned 17.0%, with dividends reinvested. In 2026 Q2 it added 10 new positions and exited 13.
To seek growth of capital and current income while seeking to both manage the volatility of return and limit the magnitude of portfolio losses.
The fund is a fund of funds that invests primarily in underlying equity and fixed-income funds, with day-to-day decisions delegated to a subadvisor. The subadvisor employs risk management techniques—including derivatives such as stock index futures, options, and swaps—to target volatility between 8.25% and 10.25% and to limit portfolio losses; it normally caps equity exposure at 55% but may exceed this limit based on market conditions. During periods of high market volatility, equity exposure may be reduced substantially or fixed-income exposure increased, which could limit gains in strong rising markets. The fund may reallocate assets dynamically between underlying funds and use leverage through derivatives, with notional derivative positions potentially exceeding 100% of fund assets.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
JOHN HANCOCK CORE BOND ETF JOHN HANCOCK CORE BOND ETF | 17.15% | $661.09M | 26.2M | $25.26 |
JOHN HANCOCK VIT STRATEGIC EQU JHVIT STRAT EQTY ALLOC-NAV | 15.41% | $594.10M | 28.5M | $20.82 |
JLCNXJOHN HANCOCK FUNDAMENTAL LARGE JH FNDMNTL LRG CAP CORE-NAV | 5.42% | $208.81M | 2.9M | $71.79 |
JHBTUSDJOHN HANCOCK BOND TRUST/MA JOHN HANCOCK BOND TRUST-USD | 5.04% | $194.14M | 14.3M | $13.53 |
JOHN HANCOCK DISCIPLINED VALUE JH DISC VALUE SELECT ETF | 4.19% | $161.46M | 5.1M | $31.64 |
John Hancock Variable Insurance Trust-Blue Chip Growth Trust | 4.08% | $157.14M | 4.5M | $34.99 |
JHEMDFNJohn Hancock Investors Trust | 3.99% | $153.85M | 18.7M | $8.23 |
JOHN HANCOCK GLOBAL SENIOR LOA JH GLOBAL SENIOR LOAN ETF | 3.51% | $135.16M | 5.5M | $24.61 |
JHNHNYUJohn Hancock Investors Trust | 3.49% | $134.45M | 44.5M | $3.02 |
John Hancock Variable Insurance Trust-Core Bond Trust | 3.14% | $121.06M | 10.7M | $11.35 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
All 43 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 92.72% |
| Bonds | 5.67% |
| Cash & short-term | 1.16% |
| Derivatives | -0.01% |
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Derivatives are shown at market value, not notional exposure.
How it has done
JAIYX share class · total returns with dividends reinvested
Volatility over the last 12 months: 8.17%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 3 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.75% | +16.98% | +39.00% | +26.41% | -8.12% | |
| 0.80% | +16.95% | +38.67% | +26.04% | -8.16% | |
| 1.00% | +16.71% | +37.96% | +24.86% | -8.22% |
These classes hold the same portfolio, so the 1.56pp spread over 5 years is the cost difference between them — roughly 0.31pp a year — not a difference in what they own.
Fees & fund details
Managed Volatility Balanced Portfolio is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Fund of funds
- Expense ratio, by class
- 0.75% – 1.00%· JAIYX 0.75%
- Portfolio turnover
- 16.00% a year · as of 2026 Q2
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
10 new· the largest 8
13 exited· the largest 8
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 87.8% |
| Zero-coupon or unclassified | 12.2% |
Share of the fund's debt value in each maturity band, shortest first.
| 1-3y | 54.6% |
| 3-5y | 33.2% |
| 10y+ | 12.2% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Understand how this fund fits with the rest.
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