Summary

• John Hancock Alternative Asset Allocation Fund produced a positive return and outpaced its benchmark, the HFRX Global Hedge Fund Index.
• The alternative asset categories in which the fund invests performed well as a group in the first quarter.
• Despite a challenging market environment, 10 of the fund's 13 individual holdings finished the quarter in positive territory.

Highlights

• The alternative asset categories in which the fund invests performed well as a group in the first quarter.
• The fund produced a positive return and outpaced its benchmark, the HFRX Global Hedge Fund Index.

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