I'm having trouble allocating funds across most of John Hancock's funds because most of them just aren't great options to choose from. My current allocations are:

JSAYX = 50.60%
CHCIX = 15.01%
FXAIX = 19.86%
JLGMX = 14.54%

I'm wanting to reallocate these percentages because I think the targeted 2045 retirement JSAYX fund has been performing piss poor for a couple of years now, but I'm struggling with how to change it because most of these offerings aren't great choices. I have 50% of my portfolio in this raggedy arse fund. So, I'm turning to you guys to help me out a little.

The remaining available options are:

Fidelity US Bond Index Fd (FXNAX)
High Yield Fund (GSHIX)
PIMCO Total Return Instl (PTTRX)
JPMorgan SmartRet Income R6 (JSIYX)
Columbia Dividend Income Inst3 (CDDYX)
Cohen & Steers Real Est Sec Z (CSZIX)
John Hancock Disc Val MC R6 (JVMRX)
ClearBridge Sm Cap Gr IS (LMOIX)
Amer Beacon Small Cap Value (AVFIX)
Fidelity Ext Market Index Fd (FSMAX)
Fidelity LC Grth Idx Inst Prem (FSPGX)
Fidelity LC Val Idx Inst Prem (FLCOX)
American EuroPacific Growth R6 (RERGX)
Fidelity International Idx Fd (FSPSX)
MFS Emerg Mkts Equity R6 (MEMJX)

This post was edited on 12/3/20 at 10:48 am

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Posted by jimbeam

University of LSU

Member since Oct 2011

75703 posts

Posted on 12/3/20 at 11:10 am to Hammond Tiger Fan

I have them as well for 401. I am 100% sp500. The expense ratio is fricking stupid though.

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Posted by go ta hell ole miss

Member since Jan 2007

14026 posts

Posted on 12/3/20 at 11:17 am to Hammond Tiger Fan

That’s not great. I think I would have it all in FSPGX. It has averaged about 20% per year for the last three years. That’s pretty solid.

This post was edited on 12/3/20 at 11:18 am

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Posted by Fat Bastard

2024 NFL pick'em champion

Member since Mar 2009

81959 posts

Posted on 12/3/20 at 12:09 pm to Hammond Tiger Fan

work for yourself. get a qualified retirement plan like a solo401k with checkbook control(not some shite with a brokerage only which limits you) and invest in basically whatever you want wherever you want with very few limits. it is fun to be the plan administrator and trustee. good luck.

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Posted by whitefoot

Franklin, TN

Member since Aug 2006

11184 posts

Posted on 12/3/20 at 3:20 pm to Hammond Tiger Fan

These are your only options?

We're with JH and have tons of options.

I'm in (expense ratio in ()):
Blue Chip Growth Fund JIBCX (.33)
Capital Appreciation Fund JICPX (.29)
John Hancock International Growth Fund GOIOX (.39)
Vanguard Growth Index Fund VIGAX (.05)
500 Index Fund JFIVX (.04)
Vanguard Value Index Fund VVIAX (.05)

There are a bunch of other relatively low expense Vanguard funds available too.

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Posted by Hammond Tiger Fan

Hammond

Member since Oct 2007

16352 posts

Posted on 12/3/20 at 3:46 pm to whitefoot

quote:
These are your only options?

Yep. Outside of what I posted there are a bunch of targeted retirement funds and some investment trust funds. That's about it though. It sucks big time, but I have to find a way to operate with what's offered.

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Posted by PlanoPrivateer

Frisco, TX

Member since Jan 2004

2882 posts

Posted on 12/3/20 at 4:33 pm to Hammond Tiger Fan

I am assuming by having 50% of your 401K in the 2045 target date fund that you about 25 years from retirement. If so, then I would be almost entirely in stock funds or ETFs. My choice would be the Fidelity 500 Index Fund (FXAIX).

Another poster suggested Fidelity Large Cap Growth Index Fund (FSPGX). I believe that you will find a lot of overlap in the top holdings of both of these funds so I would be happy with either.

Of you are extremely risk adverse than put a small percentage (10?) in a bond fund.

And if you are eligible and can afford it – put in as much as the company matches in the 401K and then fund a Roth IRA.

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Posted by Hammond Tiger Fan

Hammond

Member since Oct 2007

16352 posts

Posted on 12/3/20 at 9:15 pm to PlanoPrivateer

quote:
And if you are eligible and can afford it – put in as much as the company matches in the 401K and then fund a Roth IRA.

Yeah, I've actually been doing this. During our next HR open enrollment, I'm going to bring this concern up to see if it's possible to get a better diverse set of funding options. What they are currently offering is terrible.

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Posted by Otto Scorzany

Member since Nov 2020

1027 posts

Posted on 12/3/20 at 10:05 pm to Hammond Tiger Fan

Will they let you open a 401k Brokerage account? With that you can invest in anything.

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Posted by 21JumpStreet

Member since Jul 2012

14769 posts

Posted on 12/4/20 at 8:00 am to Hammond Tiger Fan

I followed buffets advice and I put 100% in fxaix, the least expense ratio index fund for my 401k

This post was edited on 12/4/20 at 8:01 am

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Posted by Jag_Warrior

Virginia

Member since May 2015

4292 posts

Posted on 12/4/20 at 12:45 pm to Hammond Tiger Fan

quote:
Yeah, I've actually been doing this. During our next HR open enrollment, I'm going to bring this concern up to see if it's possible to get a better diverse set of funding options. What they are currently offering is terrible.

I feel your pain. The last company I worked for used John Hancock. I figured things were not going to go well when they sent a total moron representative to talk to us. And I was right. She was probably the least knowledgeable person I’ve ever encountered in that position.

Hopefully your company switches to someone else before your time there runs out. But for now, just go with the best/lowest cost index offerings and like others said, hammer that Roth IRA.

Good luck.