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Absolute Return Currency Fund (JCUAX)

Daily Price as of 1/17/18

9.05 0.03 0.33
 
POP Change ($) Change (%)
9.33 0.03 0.32

Management Team

No Photo Available
Dori S. Levanoni

Joined team in 1998
Managed fund since inception

No Photo Available
Jeppe F. Ladekarl

Joined team in 2009
Managed fund since May 2012

Goal and Strategy

The Fund seeks to achieve absolute return from investments in currency markets. Under normal market conditions at least 80% of the value of the fund's assets will be exposed to currency through currency forwards and other currency transactions. The fund's assets not used to purchase currency forwards and other currency instruments will be invested in investment grade debt securities. The fund seeks to achieve positive absolute returns through the income produced by the debt securities and any net gains resulting from fluctuations in the values of currencies relative to a world basket of currencies. (Net losses on currency transactions will reduce positive absolute returns.)

Average Annual Total Returns1

Month-End Performance (%) as of 12/31/17
QTD YTD 1YR 3YR 5YR Life of Fund
(8/2/10)
(not annualized)
POP -2.21 -4.81 -4.81 0.40 1.10 0.18
Quarter-End Performance (%) as of 12/31/17
QTD YTD 1YR 3YR 5YR Life of Fund
(8/2/10)
(not annualized)
POP -2.21 -4.81 -4.81 0.40 1.10 0.18

Cumulative Returns

Month-End Performance (%) as of 12/31/17
QTD YTD 1YR 3YR 5YR Life of Fund
(8/2/10)
POP -2.21 -4.81 -4.81 1.20 5.60 1.36

The past performance shown here reflects reinvested distributions and the beneficial effect of any expense reductions, and does not guarantee future results. Returns for periods shorter than one year are cumulative, and results for other share classes will vary. Shares will fluctuate in value and, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance cited.

Performance figures assume that all distributions are reinvested. POP (public offering price) figures for Class A shares reflect the maximum sales charge, which is 5.0% for equity, asset allocation, and alternative/specialty funds and 4.0% for fixed-income funds (reduced from 4.5%, effective 2/3/14), with the following exceptions: John Hancock Absolute Return Currency Fund and John Hancock Global Conservative Absolute Return Fund have a maximum sales charge of 3.0%, and John Hancock Floating Rate Income Fund and John Hancock Short Duration Credit Opportunities Fund have a maximum sales charge of 2.5% (reduced from 3.0% and 4.5%, respectively, effective 2/3/14). Performance quoted without sales charges would be reduced if the sales charges were applied. Performance for other share classes will vary. For money market funds, the yield quoted more closely reflects the current earnings of the fund than the total return performance shown. Sales charges do not apply to money market funds and as a result, those funds do not quote POP performance figures. The fund operating expenses are 1.36%.

Morningstar Rating2

Overall Rating

The fund has not yet been rated by Morningstar.

Overall rating is based on the 3-, 5-, and 10-year (if applicable) Morningstar Risk-Adjusted Returns and accounts for variation in a fund's monthly performance. Other classes may be rated differently.

The funds have experienced negative performance for various time periods, including, but not limited to, the 3-, 5-, or 10-year periods for which the Morningstar star ratings are issued.

For each managed product (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a 3-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return that accounts for variation in a fund’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. The top 10.0% of funds in each category, the next 22.5%, 35.0%, 22.5%, and bottom 10.0% receive 5, 4, 3, 2, or 1 star(s), respectively. The overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. The rating formula most heavily weights the 3-year rating, using the following calculation: 100% 3-year rating for 36 to 59 months of total returns, 60% 5-year rating/40% 3-year rating for 60 to 119 months of total returns, and 50% 10-year rating/30% 5-year rating/20% 3-year rating for 120 or more months of total returns. Star ratings do not reflect the effect of any applicable sales load. Past performance does not guarantee future results.

1 Inception dates for Class C, Class R2, Class R4, and Class R6 shares are 8/28/14, 3/27/15, 3/27/15, and 11/1/11, respectively. Returns prior to these dates are those of Class A shares (inception 8/2/10) and have not been adjusted for expenses; otherwise, returns would vary.
2 Morningstar proprietary ratings reflect risk-adjusted performance through the most recent month end. The ratings are subject to change every month.
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