Boston, MA – The John Hancock Multimanager Lifestyle Growth Portfolio reported positive returns for the third quarter of 2025, but ultimately lagged behind its benchmark index, according to a recently released commentary. The fund’s performance was primarily attributed to an intentional underweighting of U.S. large-cap stocks during the period.

While specific return figures were not detailed in the commentary, the report confirmed that the portfolio generated positive absolute returns, indicating that the fund’s investments, on balance, increased in value. However, the performance was not sufficient to outpace the performance of the relevant benchmark, suggesting that the broader market or a specific segment of the market performed more favorably.

The decision to maintain an underweight position in U.S. large-cap stocks was a strategic choice made by the fund's management team. The rationale behind this decision is not explicitly stated in the commentary, but it likely reflects the team's assessment of market conditions and their expectations for the future performance of this asset class. It's common for fund managers to adjust asset allocations based on their views on economic trends, valuation levels, and other factors.

The full report, which provides a more detailed analysis of the portfolio’s performance and outlook, is available for review. Investors and stakeholders interested in a comprehensive understanding of the fund’s activities are encouraged to consult the complete document through the provided link. The ongoing performance of the John Hancock Multimanager Lifestyle Growth Portfolio will be closely watched by investors given the current market environment and the fund’s strategic asset allocation choices.