JHancock Global Opportunities Fund (JGPAX)

Mutual funds have different categories. The following JHancock Global Opportunities fund is part of World Stock fund. The main asset of this fund consists of international stock and US domestic stocks. Details about this fund can be found below.

JHancock Global Opportunities A (MUTF: JGPAX)

The JHancock Global Opportunities fund’s objective is to seek long-term capital appreciation. This John Hancock fund mainly invests in a diversified portfolio consisting primarily of global (U.S. and foreign) equity securities which includes common and preferred stocks and their equivalents. This fund may also invest <20% of assets in foreign securities and 20% of assets in bonds of any maturity rated as low as CC/Ca and their unrated equivalents.

JGPAX Fund Details

    JHancock Global Opportunities Fund (JGPAX)
  • Fund Inception Date: February 28, 2005
  • Ticker Symbol: JGPAX (Class A)
  • CUSIP: 41013P798
  • Beta (3yr): 1.08
  • Rank in category (YTD): 98
  • Category: World Stock
  • Distribution: 2.13%
  • Capital Gains: N/A
  • Net Assets: $1.43 billion
  • Number of Years Up: 4 years
  • Number of Years Down: 1 year
updated on July 15th, 2011

Since 2008, Christoper C. Arbuthnot has been the lead manager of this John Hancock fund. The fund’s expense ratio is 1.49% per year. This expense fee is comparable to the average expense ratio of world stock fund which is 1.47%. JPGAX fund has 0.30% management fee and 5.0% front-end sales load fee. The fund’s total net assets are $1.43 billion. The fund also has a dividend yield of 2.13%.

Fund Returns

John Hancock Mutual FundsThis John Hancock Global Opportunities fund has 4-stars rating from Morningstar. The best 1-year total return was recorded in 2009 with 93.03%. The worst performance year occurred in 2008 with -50.91%. It has returned 20.23% over the past one year and 11.66% over the past five years. This best world stock fund is available in another class such as JGPBX and JGPCX. It has a 5-year average return of 12.18%.

There are around 74 brokerages which offer this JGPAX fund, such as Merrill Lynch, Pershing Fund Center, JP Morgan, Raymond James, Fidelity Retail Funds Network, Firstrade, Scottrade Load, etc. You will need $2,500 minimum initial investment to invest in this fund either in your regular brokerage account or retirement account (IRA).

The top holdings of this JPGAX fund as of June 2011 are OGX Petroleo e Gas Participacoes SA (8.47%), Reliance Capital, Ltd (5.76%), Reliance Infrastructure Ltd (5.24%), LLX Logistica SA (5.21%), Live Nation Entertainment, Inc (4.53%), Progress Energy Resources Corp (4.31%), Electricite de France (3.92%), Abengoa SA (3.67%), Google Inc., Class A (3.59%) and Owens Corning (3.45%). Top 5 sectors of this fund include Energy, Industrials, Utilities, Financial Services, and Basic Materials.

Investing in this world stock fund involves principal risks such as
  • Active management risk
  • Equity securities risk
  • Fixed-income securities risk
  • Foreign securities risk
  • Hedging, derivatives and other strategic transactions risk
  • High portfolio turnover risk
  • Large company risk
  • Liquidity risk
  • Lower-rated fixed-income securities risk and high-yield securities risk
  • Medium and smaller company risk
Disclosure: No Position Other World Stock Mutual Funds:


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