Summary

• The John Hancock 2060 Lifetime Blend Portfolio posted a negative total return but outperformed the benchmark during a quarter marked by mixed returns for financial assets.
• Underlying manager performance was the primary contributor to relative performance in the quarter, highlighted by relative strength in international equities.
• The John Hancock 2060 Lifetime Blend Portfolio benefited from having an overweight in U.S. mid-cap stocks and developed-market international equities relative to U.S. large caps.
• Portfolio managers continued to position the portfolio for a wide range of possible outcomes, avoiding specific market segment bets or overreacting to headline news events.
• The John Hancock 2060 Lifetime Blend Portfolio Class R6 shares achieved a 20.01% total return over the past year, exceeding the S&P Target Date 2060+ Index return.

Quarterly commentary

• Financial assets experienced mixed returns in the first quarter.

• The fund posted a negative total return but outperformed the benchmark.

• Asset allocation and underlying manager performance each contributed positively.

30 Followers