Target-date funds from John Hancock Investment Management

When it comes to addressing the unprecedented challenges faced by today’s retirement savers, we believe a one-size-fits-all approach to your plan’s most important investment option just isn’t enough. Discover why our three series of target-date funds offer more ways for retirement savers to meet their goals.


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Glide path construction: minimizing longevity risk in retirement

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Ranked #1 by top DC plan advisors for open architecture¹

John Hancock Multimanager Lifetime Portfolios
John Hancock Multi-Index Lifetime Portfolios
John Hancock Multi-Index Preservation Portfolios

Explore our funds

Multiple glide paths

Among sponsors considering changes to their plans, more than 65% believe their existing target-date funds may have a glide path that’s unsuitable for all participants.² That’s why we offer two.

Allocation to equity (%)
Age
100%
80%
60%
40%
20%
0%
25
30
35
40
45
50
55
60
65
70
75
80
85
90
Common retirement agechart lines

Lifetime

  • Designed to address longevity risk
  • Equity allocation begins at 95%
  • Reduced to 50% at retirement date; stabilizes at 25% 20 years into retirement
  • Uses a choice of actively managed or passive underlying investments

Preservation

  • Designed to address retirement “readiness zone” risk
  • Equity allocation begins at 82%
  • Stabilizes at 8% at retirement
  • Uses ETFs and a low-cost asset allocation strategy to minimize the impact of expenses on portfolio returns

Lifetime

  • Designed to address longevity risk
  • Equity allocation begins at 95%
  • Reduced to 50% at retirement date; stabilizes at 25% in retirement
  • Uses actively managed underlying investments
  • Designed to support 4% in annualized withdrawals over a multidecade retirement horizon.3
Allocation to equity
Age
100%
75%
50%
25%
0%
25
35
45
55
65
75
85
90
Preservation
Lifetime
Common retirement agechart lines

Preservation

  • Designed to address retirement “readiness zone” risk
  • Equity allocation begins at 82%
  • Stabilizes at 8% at retirement
  • Uses ETFs and a low-cost asset allocation strategy to minimize the impact of expenses on portfolio returns
Allocation to equity
Age
100%
75%
50%
25%
0%
25
35
45
55
65
75
85
90
Preservation
Lifetime
Common retirement agechart lines

Open architecture

More than 50% of all plans and nearly 70% of small plans still offer closed-architecture target-date funds run by their recordkeepers.³ Our target-date funds were rated #1 by top DC plan advisors for open architecture.¹

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Oversight

Monitoring each portfolio team for the repeatability of its investment process and management of risk

Multiple asset classes

Both within and beyond traditional equity and fixed income

Multiple styles

Continual exposure to a variety of strategies, as different characteristics go in and out of favor

Multiple managers

A diversity of approaches from some of the world’s best managers

Over 20 specialized teams

Allianz
Axiom Investors
Bain Capital Credit
Barrow, Hanley, Mewhinney & Strauss
Boston Partners
Deutsche Asset & Wealth Management
Dimensional Fund Advisors
Epoch Investment Partners
Graham Capital Management
First Quadrant
Franklin Templeton
Invesco
Manulife Investment Management
Nordea Asset Management
Pictet Asset Management
PIMCO
Stone Harbor Investment Partners
T. Rowe Price
Wellington Management
Wells Capital Management

Morningstar percentile rankings⁴

Target-date Morningstar percentile-barchart



Seeking to protect in down markets with our preservation portfolios⁵

Target-date Seeking to protect in down markets-barchart

Explore our target-date funds

When it comes to addressing challenges faced by today’s retirement savers, we believe a one-size-fits-all approach to target-date funds isn't enough. That’s why our three distinct target-date fund suites empower plan fiduciaries to choose the one that serves their participants best.


Expenses to fit your plan’s budget

Despite expenses coming down in recent years, the average net expense ratio for target-date funds is 74 basis points. Our expenses are below average for both our actively and passively implemented target-date funds.6

Total expense ratios

Morningstar target-date fund average
John Hancock Multimanager Lifetime Portfolio average7
John Hancock Multi-Index Lifetime Portfolio average7
John Hancock Multi-Index Preservation Portfolio average7
0.74%
0.55%
0.37%
0.38%

U.S. target-date fund average

0.74%

John Hancock Multimanager Lifetime Portfolio average7

0.55%

John Hancock Multi-Index Lifetime Portfolio average7

0.37%

John Hancock Multi-Index Preservation Portfolio average7

0.38%

0.00%
0.25%
0.50%
0.75%
1.00%

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Performance dynamics driving fiduciaries to multimanager target-date funds

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Diversification does not guarantee a profit or eliminate the risk of a loss.


Portfolio performance depends on the advisor’s skill in determining asset class allocations, the mix of underlying funds, and the performance of those underlying funds. The underlying funds’ performance may be lower than the performance of the asset class that they were selected to represent. The portfolio is subject to the same risks as the underlying funds and ETFs in which it invests: Stocks and bonds can decline due to adverse issuer, market, regulatory, or economic developments; foreign investing, especially in emerging markets, has additional risks, such as currency and market volatility and political and social instability; the securities of small companies are subject to higher volatility than those of larger, more established companies; and high-yield bonds are subject to additional risks, such as increased risk of default. Owning an ETF generally reflects the risks of owning the underlying securities it is designed to track, which may cause lack of liquidity, more volatility, and increased management fees. Hedging and other strategic transactions may increase volatility of a portfolio and could result in a significant loss. Each portfolio's name refers to the approximate retirement year of the investors for whom the portfolio's asset allocation strategy is designed. The portfolios with dates further off initially allocate more aggressively to stock funds. As a portfolio approaches or passes its target date, the allocation will gradually migrate to more conservative, fixed-income funds. The principal value of each portfolio is not guaranteed and you could lose money at any time, including at, or after, the target date. Liquidity—the extent to which a security may be sold or a derivative position closed without negatively affecting its market value, if at all—may be impaired by reduced trading volume, heightened volatility, rising interest rates, and other market conditions. Please see the portfolios' prospectuses for additional risks.

 © 2020 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

 

  1. The #1 ranking is for John Hancock Multimanager Lifetime Portfolios and is based on a survey of 249 advisors conducted by Market Strategies International in February 2019.
  2. “2017 Defined Contribution Trends,” Callan Institute Survey, 2017.
  3. Based on analysis conducted by Manulife Investment Management as of 9/30/16, which relies on simulations and expectations of future outcomes and is subject to numerous limitations and biases, including subjectivity. Actual results may differ significantly from those intended.
  4. “As plan sponsors realize a redesign is needed, target date funds get a second look,” SEI, July 2016.
  5. Morningstar, as of 3/31/20. The placement of a particular fund in a ranking, with 1 being the highest percentile and 100 the lowest for a specific time period. Ranked by Morningstar as of 3/31/20 out of 636 and 1,435 target-date funds, respectively. The Multimanager Lifetime Portfolios 26 out of 80, 31 out of 96, 24 out of 81, 30 out of 96, 23 out of 84, 30 out of 94, 19 out of 47, and 28 out of 58 for the 10-year period. The Multi-Index Lifetime Portfolios ranked 41 out of 150, 42 out of 167, 44 out of 157, 35 out of 167, 36 out of 157, 40 out of 167, 41 out of 160, 54 out of 156, 32 out of 74, and 40 out of 80 for the 5-year period. Rankings are based on total return and do not account for sales charges. The fund's absolute peer ranking may not be available for all time periods. Morningstar does not calculate an absolute peer ranking when a fund's performance has been linked to a preexisting share class. Past performance does not guarantee future results.
  6. Based on the period from inception to 3/31/20. Upside capture ratio measures a manager’s performance in up markets relative to the market itself. Downside capture ratio measures a manager’s performance in down markets relative to the market itself.
  7. Morningstar, 2020. This is the average total expense ratio of all open-end target-date funds that are tracked by Morningstar.

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