Managed Volatility Growth Portfolio
Actively managed U.S. stock fund
As of its 2026 Q2 report, Managed Volatility Growth Portfolio held 42 positions with $5.24B in net assets. Its ten largest holdings made up 68.0% of the fund. The JAIZX share class costs 0.77% a year. Over the 12 months to May 2026, JAIZX returned 20.5%, with dividends reinvested. In 2026 Q2 it added 10 new positions and exited 14.
To seek long term growth of capital while seeking to both manage the volatility of return and limit the magnitude of portfolio losses.
The fund invests primarily through underlying equity and fixed-income funds, with day-to-day decisions delegated to a subadvisor that normally limits equity exposure to 77% of assets. The subadvisor employs derivatives and asset reallocation to manage volatility, targeting an annualized standard deviation of 11% to 13%, and may shift allocations between equity funds, fixed-income funds, and cash depending on market conditions. Because the fund uses derivatives with leverage, notional derivative positions may exceed 100% of assets, and the risk management strategy could limit gains in strong rising markets or fail to protect against sudden market movements.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
JOHN HANCOCK VIT STRATEGIC EQU JHVIT STRAT EQTY ALLOC-NAV | 21.17% | $1.11B | 53.3M | $20.82 |
JOHN HANCOCK CORE BOND ETF JOHN HANCOCK CORE BOND ETF | 8.92% | $467.32M | 18.5M | $25.26 |
JLCNXJOHN HANCOCK FUNDAMENTAL LARGE JH FNDMNTL LRG CAP CORE-NAV | 6.88% | $360.48M | 5.0M | $71.79 |
JOHN HANCOCK DISCIPLINED VALUE JH DISC VALUE SELECT ETF | 5.58% | $292.64M | 9.2M | $31.64 |
John Hancock Variable Insurance Trust-Blue Chip Growth Trust | 5.55% | $290.93M | 8.3M | $34.99 |
JOHIDGUJohn Hancock Investors Trust | 4.84% | $253.49M | 12.4M | $20.43 |
JOHN HANCOCK DISCIPLINED VALUE JH DISC. VALUE INT SELECT | 4.45% | $233.06M | 6.0M | $38.57 |
JNHEEUSJohn Hancock Investment Trust | 4.18% | $218.92M | 15.3M | $14.32 |
JHBTUSDJOHN HANCOCK BOND TRUST/MA JOHN HANCOCK BOND TRUST-USD | 3.73% | $195.51M | 14.5M | $13.53 |
JOHN HANCOCK MULTIFACTOR EMERG JOHN HANCOCK MULTI EM MRK ET | 2.73% | $142.85M | 3.5M | $40.24 |
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 42 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 | 94.78% |
| Bonds | 3.58% |
| Cash & short-term | 0.70% |
| Derivatives | -0.06% |
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
JAIZX share class · total returns with dividends reinvested
Volatility over the last 12 months: 9.85%. 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 |
|---|---|---|---|---|---|
| 0.77% | +20.50% | +47.99% | +35.82% | -9.42% | |
| 0.82% | +20.45% | +47.69% | +35.45% | -9.44% | |
| 1.02% | +20.14% | +46.78% | +34.09% | -9.42% |
These classes hold the same portfolio, so the 1.73pp spread over 5 years is the cost difference between them — roughly 0.35pp a year — not a difference in what they own.
Fees & fund details
Managed Volatility Growth 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
- 0.77% – 1.02%· JAIZX 0.77%
- Portfolio turnover
- 20.00% 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
14 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 | 84.4% |
| Zero-coupon or unclassified | 15.6% |
Share of the fund's debt value in each maturity band, shortest first.
| 1-3y | 52.5% |
| 3-5y | 31.8% |
| 10y+ | 15.6% |
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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