Multimanager Lifestyle Balanced Portfolio
Actively managed U.S. stock fund
As of its 2026 Q2 report, Multimanager Lifestyle Balanced Portfolio held 85 positions with $7.52B in net assets. Its ten largest holdings made up 62.2% of the fund. The JALBX share class costs 1.32% a year. Over the 12 months to May 2026, JALBX returned 19.3%, with dividends reinvested. In 2026 Q2 it added 2 new positions and exited 3.
To seek a balance between a high level of current income and growth of capital, with a greater emphasis on growth of capital.
The fund operates as a fund of funds, investing approximately 60% of assets in underlying equity funds and 40% in underlying fixed-income funds, with permitted variations of up to 10% in either direction; the manager may exceed these ranges in response to market conditions. The underlying equity funds hold a range of strategies across market capitalizations, geographies, and styles, while fixed-income underlying funds invest in investment-grade and below-investment-grade debt securities. The fund may also invest in underlying funds holding alternative and specialty asset classes, and may use derivatives and direct securities holdings to manage risk and enhance returns. Because the fund's allocation between equity and fixed-income underlying funds can shift within or beyond its target ranges based on manager discretion, actual exposure may diverge from the stated targets.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
JHBTUSDHANCOCK JOHN SOVEREIGN BD FD MUTUAL FUND | 8.74% | $657.66M | 48.6M | $13.54 |
JDVNXJohn Hancock Funds III-John Hancock Disciplined Value Fund | 7.92% | $596.06M | 20.8M | $28.64 |
Natixis | 7.25% | $545.17M | 38.4M | $14.19 |
JOHN HANCOCK FUNDS II - BLUE C JOHN HANCOCK II-BL CH GTH-N | 7.17% | $539.17M | 7.7M | $69.60 |
JDIVXJohn Hancock Disciplined Value International Fund | 6.50% | $489.12M | 26.2M | $18.67 |
John Hancock Funds II Multimanager 2010 Lifetime Portfolio | 6.00% | $451.33M | 30.1M | $14.97 |
JHSEXJHFII STRAT INCOME OPP FUND NAV CLASS | 5.48% | $412.44M | 39.9M | $10.33 |
JOHIDGUJohn Hancock Investors Trust | 5.11% | $384.08M | 19.5M | $19.65 |
JMVNXJOHN HANCOCK MID VALUE FUND JOHN HANCOCK II-MID VAL-NAV | 4.25% | $319.51M | 19.2M | $16.68 |
JLCNXJOHN HANCOCK FUNDAMENTAL LARGE JH FNDMNTL LRG CAP CORE-NAV | 3.75% | $281.85M | 3.8M | $73.96 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.
All 85 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 | 53.82% |
| Bonds | 40.30% |
| Securitized | 8.98% |
| Loans | 5.75% |
| Cash & short-term | 3.02% |
| Derivatives | -0.04% |
Look-through blends 14 underlying funds; 14.89% of NAV was not looked through and stays direct-classified.
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.
How it has done
JALBX share class · total returns with dividends reinvested
Volatility over the last 12 months: 9.16%. Past returns are a record, not a forecast.
The 9 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 1.32% | +19.33% | +46.53% | +31.40% | -8.42% | |
| 2.02% | +18.44% | +43.43% | +26.84% | -8.59% | |
| 1.16% | +19.47% | +47.15% | +32.43% | -8.32% | |
| 0.96% | +19.68% | +48.06% | +33.74% | -8.26% | |
| 0.96% | +19.75% | +48.03% | +33.82% | -8.27% | |
| 0.91% | +19.78% | +48.37% | +34.17% | -8.31% | |
| 0.91% | +19.71% | +48.25% | +34.07% | -8.32% | |
| 1.41% | +19.16% | +46.15% | +30.83% | -8.44% | |
| 1.02% | +19.58% | +47.77% | +33.34% | -8.27% |
These classes hold the same portfolio, so the 7.33pp spread over 5 years is the cost difference between them — roughly 1.47pp a year — not a difference in what they own.
Fees & fund details
Multimanager Lifestyle 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
- 0.91% – 2.02%· JALBX 1.32%
- Portfolio turnover
- 14.00% a year · as of 2025 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.
2 new
3 exited
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-05-31
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 | 82.9% |
| Zero-coupon or unclassified | 17.1% |
Share of the fund's debt value in each maturity band, shortest first.
| 1-3y | 51.4% |
| 3-5y | 31.5% |
| 10y+ | 17.1% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — JALBX, QQQ and the fund in my 401(k)?”
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