JHBPX is a mutual fund offered by John Hancock Variable Insurance Trust that aims to provide a balanced portfolio for investors. This fund invests in a mix of stocks, bonds, and other securities to achieve a moderate level of risk and potential for growth. The "Lifestyle" aspect of the fund suggests that it may be suitable for investors with a longer time horizon and a more conservative risk tolerance. As a variable insurance trust, this fund may also offer tax benefits for investors. The "Series 1" designation indicates that this is the first series of the fund, with potential for future series to be offered. Overall, JHBPX offers a diversified and potentially tax-efficient option for investors seeking a balanced portfolio.