The John Hancock Funds II Alternative Asset Allocation Fd Cl R4 (JAASX) 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 with a moderate risk tolerance. The R4 class of this fund is specifically for retirement accounts and offers lower fees compared to other classes. Overall, JAASX provides a diversified portfolio with the potential for higher returns through exposure to alternative investments.