The John Hancock Funds II Alternative Asset Allocation Fd Cl R2 (JAAPX) is a mutual fund that focuses on alternative assets, such as real estate, commodities, and private equity, in addition to traditional stocks and bonds. This fund is part of the John Hancock Funds II family and is designed for investors seeking a more diverse and potentially higher-risk investment strategy. The R2 class of this fund is typically offered to retirement plans and has a lower expense ratio compared to other classes. Overall, JAAPX offers investors the opportunity to diversify their portfolio and potentially achieve higher returns through exposure to alternative assets.