Summary

• The John Hancock 2050 Lifetime Blend Portfolio posted a negative total return during the first quarter but successfully outperformed its primary benchmark.
• The fund benefited from a broadening of market leadership away from the "Magnificent Seven" tech group, which provided a tailwind for the portfolio's diversified positioning.
• Underlying manager performance was the primary contributor to relative performance in the quarter, highlighted by relative strength in international equities.
• Management continued to position the portfolio for a wide range of outcomes, remaining committed to multi-asset diversification rather than making bets on specific market segments.
• The Class R6 shares carry a net expense ratio of 0.32% following a contractual fee waiver that remains in place through December 31, 2026.

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.

Market

30 Followers