Fund Evaluator:

John Hancock Disciplined Global L/S I Overview

John Hancock Disciplined Global L/S I (JAKUX) is an actively managed Nontraditional Equity Long-Short Equity fund. John Hancock launched the fund in 2013.

The investment seeks long-term growth of capital. Under normal market conditions, the fund invests significantly (ordinarily at least 40% - unless market conditions are not deemed favorable by the Adviser, in which case the fund would invest at least 30%) in non-U.S. companies. It principally will be invested in issuers located in countries with developed securities markets, but may also invest in issuers located in emerging markets. The fund will allocate its assets among various regions and countries, including the United States (but in no less than three different countries). It is non-diversified.

About John Hancock Disciplined Global L/S I (JAKUX)

There are 3 members of the management team with an average tenure of 8.99 years: Christopher Hart (2013), Joshua Jones (2013), Soyoun Song (2024). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: MSCI World NR USD index with a weighting of 100%. John Hancock Disciplined Global L/S I has 326 securities in its portfolio. The top 10 holdings constitute 29.7% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

John Hancock Disciplined Global L/S I is part of the Equity global asset class and is within the Nontraditional Equity fund group. John Hancock Disciplined Global L/S I has 31.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 16.3%. There is 31.6% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 25.4% (25.4% domestic bond, 0.0% foreign bond and 0.0% convertible bond). John Hancock Disciplined Global L/S I has 19.7% of the portfolio in cash.

Assets Under Management

The fund has $810 million in total assets, which is above the $352 million average for the Long-Short Equity category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

JAKUX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The John Hancock Disciplined Global L/S I expense ratio is high compared to funds in the Long-Short Equity category. John Hancock Disciplined Global L/S I has an expense ratio of 1.66%, which is 24% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. John Hancock Disciplined Global L/S I has a portfolio turnover rate of 230%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 287% for the Long-Short Equity category.

Recently, in the month of July 2026, John Hancock Disciplined Global L/S I returned 3.0%, which earned it a grade of C, as the Long-Short Equity category had an average return of 2.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

John Hancock Disciplined Global L/S I has a trailing yield of 1.39%, which is above the 1.15% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

John Hancock Disciplined Global L/S I Grades

Year to date, the fund has returned 12.8%, 5.3 percentage points better than the category, which translates into a grade of A. The fund has returned 22.2% over the past year (grade of A), 16.3% over the past three years (grade of A) and 14.5% per year over the past five years (grade of A) and 8.6% per year over the past 10 years (grade of B).

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