Fund Evaluator:

JHancock 2040 Lifetime Blend Ptf 1 Overview

JHancock 2040 Lifetime Blend Ptf 1 (JRTTX) is an actively managed Allocation Target-Date 2040 fund. John Hancock launched the fund in 2013.

The investment seeks high total return through the fund's target retirement date, with a greater focus on income beyond the target date. The fund invests substantially all of its assets in underlying funds using an asset allocation strategy designed for investors expected to retire around the year 2040. The managers of the fund allocate assets among the underlying funds according to an asset allocation strategy that becomes increasingly conservative over time.

About JHancock 2040 Lifetime Blend Ptf 1 (JRTTX)

There are 4 members of the management team with an average tenure of 7.09 years: Geoffrey Kelley (2023), David Kobuszewski (2023), Nathan Thooft (2013), Robert Sykes (2018). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and S&P Target Date 2040 TR USD index with a weighting of 100%. JHancock 2040 Lifetime Blend Ptf 1 has 31 securities in its portfolio. The top 10 holdings constitute 94.2% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

JHancock 2040 Lifetime Blend Ptf 1 is part of the Allocation global asset class and is within the Allocation fund group. JHancock 2040 Lifetime Blend Ptf 1 has 32.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 50.7%. There is 29.3% allocated to foreign stock, and 0.1% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 17.5% (14.4% domestic bond, 3.1% foreign bond and 0.0% convertible bond). JHancock 2040 Lifetime Blend Ptf 1 has 2.3% of the portfolio in cash.

Assets Under Management

The fund has $533 million in total assets, which is below the $1 billion average for the Target-Date 2040 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.

JRTTX 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 JHancock 2040 Lifetime Blend Ptf 1 expense ratio is below average compared to funds in the Target-Date 2040 category. JHancock 2040 Lifetime Blend Ptf 1 has an expense ratio of 0.36%, which is 47% lower than its category average, making the fund expense ratio grade a A. 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. JHancock 2040 Lifetime Blend Ptf 1 has a portfolio turnover rate of 16%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 22% for the Target-Date 2040 category.

Recently, in the month of July 2026, JHancock 2040 Lifetime Blend Ptf 1 returned -0.5%, which earned it a grade of B, as the Target-Date 2040 category had an average return of -0.8%. 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.

JHancock 2040 Lifetime Blend Ptf 1 has a trailing yield of 2.03%, which is above the 1.91% 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.

JHancock 2040 Lifetime Blend Ptf 1 Grades

Year to date, the fund has returned 9.9%, 1.2 percentage points better than the category, which translates into a grade of A. The fund has returned 19.2% over the past year (grade of A), 14.7% over the past three years (grade of B) and 8.0% per year over the past five years (grade of C) and 10.5% per year over the past 10 years (grade of B).

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