John Hancock Marathon Asset-Based Lending Fund: management transactions · United States · SEC (Form 4)

About John Hancock Marathon Asset-Based Lending Fund

John Hancock Marathon Asset-Based Lending Fund (NYSE/NASDAQ: NA) is a U.S.-listed investment fund focused on alternative credit and asset-based lending. The vehicle is organized as a Massachusetts business trust and registered under the Investment Company Act of 1940. It operates as a continuously offered closed-end fund with periodic repurchases, giving it an interval-fund-like structure. The fund is based in the United States, with a business address in Boston, Massachusetts, while investment management is delivered in partnership with Marathon Asset Management, a New York-based specialist in public and private credit. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1885778/000168386325005571/f42425d1.htm?utm_source=openai)) The fund’s recent history dates to July 2022, when John Hancock Investment Management and Marathon Asset Management launched the product to broaden access to an institutional-grade asset-based lending strategy for accredited investors. In June 2023, John Hancock highlighted expanding availability of the fund, citing growing investor appetite for differentiated alternative assets that can provide diversification and current income. A further structural milestone came in December 2025, when the board approved a quarterly repurchase policy, an important development for liquidity, distribution positioning, and the fund’s overall operating framework. ([johnhancock.com](https://www.johnhancock.com/about-us/newsroom/news/john-hancock-investment-management/2022/07/john-hancock-investment-management-partners-with-marathon-asset-management-to-expand-alternatives-offerings-for-accredited-investors-with-asset-based-lending-fund.html?utm_source=openai)) Operationally, the fund targets high current income and, to a lesser extent, capital appreciation. Under normal circumstances, it invests at least 80% of net assets, plus borrowings for investment purposes, in asset-based lending investments. Its investable universe is intentionally broad and includes healthcare loans and royalty-backed credit, transportation assets, residential real estate lending, commercial real estate lending, consumer-related assets, corporate asset-based credit, and equipment financing. This breadth indicates an opportunistic credit strategy built around tangible collateral, cash-flow generation, and less efficiently priced segments of the market. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1885778/000119312525033378/d922353d486bpos.htm?utm_source=openai)) From a competitive standpoint, John Hancock Marathon Asset-Based Lending Fund benefits from the combination of the John Hancock distribution platform and Marathon Asset Management’s credit expertise. That pairing gives the fund a differentiated niche in alternative credit, distinct from conventional bond funds and designed to harvest complexity premia across private and semi-liquid lending markets. Its geographic footprint is primarily U.S.-anchored: the adviser/subadviser platform is centered in Boston and New York, while underlying exposures may span multiple industries and asset types. On the market side, the fund trades in the United States on the NYSE/NASDAQ ecosystem under ticker NA, which also means it is regularly subject to SEC reporting and insider-transaction disclosures such as Form 4 filings. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1279913/000149315226007154/xslF345X05/ownership.xml?utm_source=openai))