As filed with the U.S. Securities and Exchange Commission
on
1933 Act File No. 333-125838
1940 Act File No. 811-21777
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 | ☑ | |
PRE-EFFECTIVE AMENDMENT NO. | ☐ |
POST-EFFECTIVE AMENDMENT NO. 89
and/or
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 | ☑ |
AMENDMENT NO. 91
(CHECK APPROPRIATE BOX OR BOXES)
(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
200 BERKELEY STREET
BOSTON, MASSACHUSETTS 02116
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT’S TELEPHONE NUMBER, INCLUDING AREA CODE
(800) 225-5291
CHRISTOPHER SECHLER, ESQ.
200 BERKELEY STREET
BOSTON, MASSACHUSETTS 02116
(NAME AND ADDRESS OF AGENT FOR SERVICE)
COPIES OF COMMUNICATIONS TO:
MARK P. GOSHKO, ESQ.
K & L GATES LLP
ONE LINCOLN STREET
BOSTON, MASSACHUSETTS 02111-2950
TITLE OF SECURITIES BEING REGISTERED: Shares of beneficial interest ($0.00 par value) of the Registrant.
APPROXIMATE DATE OF PROPOSED PUBLIC OFFERING: As soon as practicable after the effective date of this Registration Statement.
It is proposed that this filing will become effective (check appropriate box):
☐ | immediately upon filing pursuant to paragraph (b) of Rule 485 |
☑ | on |
☐ | 60 days after filing pursuant to paragraph (a)(1) of Rule 485 |
☐ | on (date) pursuant to paragraph (a)(1) of Rule 485 |
☐ | 75 days after filing pursuant to paragraph (a)(2) of Rule 485 |
☐ | on (date) pursuant to paragraph (a)(2) of Rule 485 |
If appropriate, check the following box:
☐ | this post-effective amendment designates a new effective date for a previously filed post-effective amendment. |
A
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C
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I
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R2
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R4
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R5
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R6
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JVLAX
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JVLCX
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JVLIX
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JDVPX
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JDVFX
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JDVVX
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JDVWX
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Fund summary
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The summary section is a concise look at the investment objective, fees and expenses, principal investment strategies, principal risks, past performance, and investment management.
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Fund details
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More about topics covered in the summary section, including descriptions of the investment strategies and various risk factors that investors should understand before investing.
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Your account
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How to place an order to buy, sell, or exchange shares, as well as information about the business policies and any distributions that may be paid.
For more information See back cover |
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A
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C
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R2
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R4
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R5
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R6
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Maximum front-end sales charge (load) on purchases, as a % of purchase price
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Maximum deferred sales charge (load) as a % of purchase or sale price, whichever is less
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(on certain purchases, including those of $1 million or more) |
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Small account fee (for fund account balances under $1,000) ($)
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A
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C
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I
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R2
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R4
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R5
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R6
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Management fee1
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Distribution and service (Rule 12b-1) fees
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Other expenses
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Service plan fee
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Additional other expenses
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Total other expenses
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Total annual fund operating expenses
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Contractual expense reimbursement2
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-
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-
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-
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-
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-
3
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-
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-
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Total annual fund operating expenses after expense reimbursements
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1 | “Management fee” has been restated to reflect the contractual management fee schedule effective October 1, 2021. |
2 | The advisor contractually agrees to waive a portion of its management fee and/or reimburse expenses for the fund and certain other John Hancock funds according to an asset level breakpoint schedule that is based on the aggregate net assets of all the funds participating in the waiver or reimbursement. This waiver is allocated proportionally among the participating funds. During its most recent fiscal year, the fund’s reimbursement amounted to 0.01% of the fund’s average daily net assets. This agreement expires on |
3 | The distributor contractually agrees to limit its Rule 12b-1 fees for Class R4 shares to 0.15%. This agreement expires on July 31, 2023 unless renewed by mutual agreement of the fund and the distributor based upon a determination that this is appropriate under the circumstances at that time. |
Expenses ($)
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A
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C
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I
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R2
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R4
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R5
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R6
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1 year
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3 years
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5 years
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10 years
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1 year
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5 year
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10 year
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Class A (before tax)
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Average annual total returns (%)—as of 12/31/21
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1 year
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5 year
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10 year
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after tax on distributions
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after tax on distributions, with sale
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Class C
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Class I
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Class R2
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Class R4
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Class R5
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Class R6
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Russell 1000 Value Index (reflects no deduction for fees, expenses, or taxes)
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S&P 500 Index (reflects no deduction for fees, expenses, or taxes)
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David T. Cohen, CFA
Co-Portfolio Manager Managed the fund since 2018 |
Mark E. Donovan, CFA
Co-Portfolio Manager Managed the fund since 2008 and its predecessor since 1997 |
Stephanie McGirr
Co-Portfolio Manager Managed the fund since 2018 |
David J. Pyle, CFA
Co-Portfolio Manager Managed the fund since 2008 and its predecessor since 2005 |
Joshua White, CFA
Co-Portfolio Manager Managed the fund since 2021 |
Currency risk. Currency risk is the risk that fluctuations in exchange rates may adversely affect the U.S. dollar value of a fund’s investments. Currency risk includes both the risk that currencies in which a fund’s investments are traded, or currencies in which a fund has taken an active investment position, will decline in value relative to the U.S. dollar and, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly for a number of reasons, including the forces of supply and demand in the foreign exchange markets, actual or perceived changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign governments or central banks, or currency controls or political developments in the United States or abroad. Certain funds may also take active currency positions and may cross-hedge currency exposure represented by their securities into another foreign currency. This may result in a fund’s currency exposure being substantially different than that suggested by its securities investments. All funds with foreign currency holdings and/or that invest or trade in securities denominated in foreign currencies or related derivative instruments may be adversely affected by changes in foreign currency exchange rates. Derivative foreign currency transactions (such as futures, forwards, and swaps) may also involve leveraging risk, in addition to currency risk. Leverage may disproportionately increase a fund’s portfolio losses and reduce
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opportunities for gain when interest rates, stock prices, or currency rates are changing.
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Average daily net assets ($)
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Annual rate (%)
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First 500 million
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0.700
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Next 500 million
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0.675
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Next 500 million
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0.650
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Next 1 billion
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0.625
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Next 10 billion
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0.600
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Excess over 12.5 billion
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0.575
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•
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Co-Portfolio Manager
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•
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Managed the fund since 2018
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•
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Joined Boston Partners in 2016
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•
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Co-Portfolio Manager
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•
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Managed the fund since 2008 and its predecessor since 1997
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•
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Joined Boston Partners in 1995
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•
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Co-Portfolio Manager
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•
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Managed the fund since 2018
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•
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Joined Boston Partners in 2002
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•
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Co-Portfolio Manager
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•
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Managed the fund since 2008 and its predecessor since 2005
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•
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Joined Boston Partners in 2000
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•
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Co-Portfolio Manager
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•
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Managed the fund since 2021
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•
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Joined Boston Partners in 2006
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Disciplined Value Fund Class A Shares
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Per share operating performance
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Period ended
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3-31-22
|
3-31-21
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3-31-20
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3-31-19
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3-31-18
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Net asset value, beginning of period
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$24.73
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$15.18
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$20.25
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$22.11
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$20.71
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Net investment income1
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0.15
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0.18
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0.30
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0.26
|
0.20
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Net realized and unrealized gain (loss) on investments
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3.04
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9.65
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(4.20
)
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(0.28
)
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2.39
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Total from investment operations
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3.19
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9.83
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(3.90
)
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(0.02
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2.59
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Less distributions
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From net investment income
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(0.16
)
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(0.28
)
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(0.25
)
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(0.23
)
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(0.18
)
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From net realized gain
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(3.21
)
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—
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(0.92
)
|
(1.61
)
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(1.01
)
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Total distributions
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(3.37
)
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(0.28
)
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(1.17
)
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(1.84
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(1.19
)
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Net asset value, end of period
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$24.55
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$24.73
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$15.18
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$20.25
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$22.11
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Total return (%)2,3
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13.42
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65.19
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(20.99
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0.45
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12.42
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Ratios and supplemental data
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Net assets, end of period (in millions)
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$1,204
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$1,037
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$731
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$1,092
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$1,289
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Ratios (as a percentage of average net assets):
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Expenses before reductions
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1.04
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1.07
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1.07
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1.06
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1.06
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Expenses including reductions
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1.03
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1.07
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1.06
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1.05
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1.05
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Net investment income
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0.60
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0.94
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1.44
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1.18
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0.92
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Portfolio turnover (%)
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38
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55
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88
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69
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45
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1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
3 | Does not reflect the effect of sales charges, if any. |
Disciplined Value Fund Class C Shares
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||||||
Per share operating performance
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Period ended
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3-31-22
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3-31-21
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3-31-20
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3-31-19
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3-31-18
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Net asset value, beginning of period
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$23.05
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$14.17
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$18.98
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$20.82
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$19.57
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Net investment income (loss)1
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(0.04
)
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0.03
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0.13
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0.09
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0.03
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Net realized and unrealized gain (loss) on investments
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2.82
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9.00
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(3.92
)
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(0.26
)
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2.25
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Total from investment operations
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2.78
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9.03
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(3.79
)
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(0.17
)
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2.28
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Less distributions
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From net investment income
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—
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(0.15
)
|
(0.10
)
|
(0.06
)
|
(0.02
)
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From net realized gain
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(3.21
)
|
—
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(0.92
)
|
(1.61
)
|
(1.01
)
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Total distributions
|
(3.21
)
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(0.15
)
|
(1.02
)
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(1.67
)
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(1.03
)
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Net asset value, end of period
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$22.62
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$23.05
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$14.17
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$18.98
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$20.82
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Total return (%)2,3
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12.56
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63.90
|
(21.51
)
|
(0.35
)
|
11.58
|
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Ratios and supplemental data
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Net assets, end of period (in millions)
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$116
|
$135
|
$140
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$235
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$275
|
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Ratios (as a percentage of average net assets):
|
|
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|
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Expenses before reductions
|
1.79
|
1.82
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1.82
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1.81
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1.81
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Expenses including reductions
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1.78
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1.82
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1.81
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1.80
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1.80
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Net investment income (loss)
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(0.17
)
|
0.19
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0.67
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0.43
|
0.16
|
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Portfolio turnover (%)
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38
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55
|
88
|
69
|
45
|
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
3 | Does not reflect the effect of sales charges, if any. |
Disciplined Value Fund Class I Shares
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||||||
Per share operating performance
|
Period ended
|
3-31-22
|
3-31-21
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3-31-20
|
3-31-19
|
3-31-18
|
Net asset value, beginning of period
|
$23.86
|
$14.65
|
$19.58
|
$21.45
|
$20.12
|
|
Net investment income1
|
0.21
|
0.22
|
0.34
|
0.30
|
0.25
|
|
Net realized and unrealized gain (loss) on investments
|
2.93
|
9.32
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(4.05
)
|
(0.27
)
|
2.32
|
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Total from investment operations
|
3.14
|
9.54
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(3.71
)
|
0.03
|
2.57
|
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Less distributions
|
|
|
|
|
|
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From net investment income
|
(0.22
)
|
(0.33
)
|
(0.30
)
|
(0.29
)
|
(0.23
)
|
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From net realized gain
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(3.21
)
|
—
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(0.92
)
|
(1.61
)
|
(1.01
)
|
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Total distributions
|
(3.43
)
|
(0.33
)
|
(1.22
)
|
(1.90
)
|
(1.24
)
|
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Net asset value, end of period
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$23.57
|
$23.86
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$14.65
|
$19.58
|
$21.45
|
|
Total return (%)2
|
13.73
|
65.58
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(20.77
)
|
0.64
|
12.71
|
|
Ratios and supplemental data
|
|
|
|
|
|
|
Net assets, end of period (in millions)
|
$6,039
|
$5,618
|
$5,250
|
$7,399
|
$6,988
|
|
Ratios (as a percentage of average net assets):
|
|
|
|
|
|
|
Expenses before reductions
|
0.79
|
0.82
|
0.82
|
0.82
|
0.81
|
|
Expenses including reductions
|
0.78
|
0.82
|
0.81
|
0.81
|
0.80
|
|
Net investment income
|
0.84
|
1.18
|
1.69
|
1.43
|
1.17
|
|
Portfolio turnover (%)
|
38
|
55
|
88
|
69
|
45
|
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
Disciplined Value Fund Class R2 Shares
|
||||||
Per share operating performance
|
Period ended
|
3-31-22
|
3-31-21
|
3-31-20
|
3-31-19
|
3-31-18
|
Net asset value, beginning of period
|
$23.83
|
$14.63
|
$19.57
|
$21.43
|
$20.10
|
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Net investment income1
|
0.11
|
0.15
|
0.23
|
0.22
|
0.16
|
|
Net realized and unrealized gain (loss) on investments
|
2.93
|
9.31
|
(4.03
)
|
(0.27
)
|
2.33
|
|
Total from investment operations
|
3.04
|
9.46
|
(3.80
)
|
(0.05
)
|
2.49
|
|
Less distributions
|
|
|
|
|
|
|
From net investment income
|
(0.13
)
|
(0.26
)
|
(0.22
)
|
(0.20
)
|
(0.15
)
|
|
From net realized gain
|
(3.21
)
|
—
|
(0.92
)
|
(1.61
)
|
(1.01
)
|
|
Total distributions
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(3.34
)
|
(0.26
)
|
(1.14
)
|
(1.81
)
|
(1.16
)
|
|
Net asset value, end of period
|
$23.53
|
$23.83
|
$14.63
|
$19.57
|
$21.43
|
|
Total return (%)2
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13.28
|
64.94
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(21.08
)
|
0.24
|
12.30
|
|
Ratios and supplemental data
|
|
|
|
|
|
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Net assets, end of period (in millions)
|
$55
|
$55
|
$42
|
$102
|
$135
|
|
Ratios (as a percentage of average net assets):
|
|
|
|
|
|
|
Expenses before reductions
|
1.18
|
1.21
|
1.21
|
1.21
|
1.21
|
|
Expenses including reductions
|
1.17
|
1.20
|
1.20
|
1.20
|
1.20
|
|
Net investment income
|
0.43
|
0.80
|
1.17
|
1.02
|
0.76
|
|
Portfolio turnover (%)
|
38
|
55
|
88
|
69
|
45
|
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
Disciplined Value Fund Class R4 Shares
|
||||||
Per share operating performance
|
Period ended
|
3-31-22
|
3-31-21
|
3-31-20
|
3-31-19
|
3-31-18
|
Net asset value, beginning of period
|
$23.87
|
$14.65
|
$19.59
|
$21.45
|
$20.12
|
|
Net investment income1
|
0.17
|
0.20
|
0.30
|
0.27
|
0.22
|
|
Net realized and unrealized gain (loss) on investments
|
2.94
|
9.32
|
(4.05
)
|
(0.27
)
|
2.32
|
|
Total from investment operations
|
3.11
|
9.52
|
(3.75
)
|
—
|
2.54
|
|
Less distributions
|
|
|
|
|
|
|
From net investment income
|
(0.19
)
|
(0.30
)
|
(0.27
)
|
(0.25
)
|
(0.20
)
|
|
From net realized gain
|
(3.21
)
|
—
|
(0.92
)
|
(1.61
)
|
(1.01
)
|
|
Total distributions
|
(3.40
)
|
(0.30
)
|
(1.19
)
|
(1.86
)
|
(1.21
)
|
|
Net asset value, end of period
|
$23.58
|
$23.87
|
$14.65
|
$19.59
|
$21.45
|
|
Total return (%)2
|
13.58
|
65.34
|
(20.87
)
|
0.52
|
12.54
|
|
Ratios and supplemental data
|
|
|
|
|
|
|
Net assets, end of period (in millions)
|
$62
|
$62
|
$74
|
$143
|
$231
|
|
Ratios (as a percentage of average net assets):
|
|
|
|
|
|
|
Expenses before reductions
|
1.03
|
1.06
|
1.06
|
1.06
|
1.06
|
|
Expenses including reductions
|
0.92
|
0.95
|
0.95
|
0.95
|
0.95
|
|
Net investment income
|
0.70
|
1.06
|
1.50
|
1.26
|
1.02
|
|
Portfolio turnover (%)
|
38
|
55
|
88
|
69
|
45
|
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
Disciplined Value Fund Class R5 Shares
|
||||||
Per share operating performance
|
Period ended
|
3-31-22
|
3-31-21
|
3-31-20
|
3-31-19
|
3-31-18
|
Net asset value, beginning of period
|
$23.91
|
$14.67
|
$19.62
|
$21.48
|
$20.15
|
|
Net investment income1
|
0.23
|
0.23
|
0.34
|
0.31
|
0.26
|
|
Net realized and unrealized gain (loss) on investments
|
2.94
|
9.35
|
(4.06
)
|
(0.26
)
|
2.32
|
|
Total from investment operations
|
3.17
|
9.58
|
(3.72
)
|
0.05
|
2.58
|
|
Less distributions
|
|
|
|
|
|
|
From net investment income
|
(0.24
)
|
(0.34
)
|
(0.31
)
|
(0.30
)
|
(0.24
)
|
|
From net realized gain
|
(3.21
)
|
—
|
(0.92
)
|
(1.61
)
|
(1.01
)
|
|
Total distributions
|
(3.45
)
|
(0.34
)
|
(1.23
)
|
(1.91
)
|
(1.25
)
|
|
Net asset value, end of period
|
$23.63
|
$23.91
|
$14.67
|
$19.62
|
$21.48
|
|
Total return (%)2
|
13.82
|
65.67
|
(20.74
)
|
0.75
|
12.73
|
|
Ratios and supplemental data
|
|
|
|
|
|
|
Net assets, end of period (in millions)
|
$60
|
$40
|
$61
|
$166
|
$198
|
|
Ratios (as a percentage of average net assets):
|
|
|
|
|
|
|
Expenses before reductions
|
0.73
|
0.76
|
0.76
|
0.76
|
0.76
|
|
Expenses including reductions
|
0.72
|
0.75
|
0.75
|
0.75
|
0.75
|
|
Net investment income
|
0.93
|
1.24
|
1.70
|
1.48
|
1.22
|
|
Portfolio turnover (%)
|
38
|
55
|
88
|
69
|
45
|
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
Disciplined Value Fund Class R6 Shares
|
||||||
Per share operating performance
|
Period ended
|
3-31-22
|
3-31-21
|
3-31-20
|
3-31-19
|
3-31-18
|
Net asset value, beginning of period
|
$23.91
|
$14.67
|
$19.61
|
$21.48
|
$20.14
|
|
Net investment income1
|
0.24
|
0.24
|
0.36
|
0.32
|
0.27
|
|
Net realized and unrealized gain (loss) on investments
|
2.93
|
9.35
|
(4.06
)
|
(0.27
)
|
2.33
|
|
Total from investment operations
|
3.17
|
9.59
|
(3.70
)
|
0.05
|
2.60
|
|
Less distributions
|
|
|
|
|
|
|
From net investment income
|
(0.25
)
|
(0.35
)
|
(0.32
)
|
(0.31
)
|
(0.25
)
|
|
From net realized gain
|
(3.21
)
|
—
|
(0.92
)
|
(1.61
)
|
(1.01
)
|
|
Total distributions
|
(3.46
)
|
(0.35
)
|
(1.24
)
|
(1.92
)
|
(1.26
)
|
|
Net asset value, end of period
|
$23.62
|
$23.91
|
$14.67
|
$19.61
|
$21.48
|
|
Total return (%)2
|
13.82
|
65.74
|
(20.66
)
|
0.76
|
12.84
|
|
Ratios and supplemental data
|
|
|
|
|
|
|
Net assets, end of period (in millions)
|
$4,009
|
$3,844
|
$3,369
|
$4,584
|
$4,564
|
|
Ratios (as a percentage of average net assets):
|
|
|
|
|
|
|
Expenses before reductions
|
0.68
|
0.71
|
0.71
|
0.71
|
0.71
|
|
Expenses including reductions
|
0.68
|
0.71
|
0.70
|
0.70
|
0.70
|
|
Net investment income
|
0.95
|
1.30
|
1.81
|
1.54
|
1.25
|
|
Portfolio turnover (%)
|
38
|
55
|
88
|
69
|
45
|
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
•
|
The plan currently holds assets in Class A shares of the fund or any John Hancock fund;
|
•
|
Class A shares of the fund or any other John Hancock fund were established as an investment option under the plan prior to January 1, 2013, and the fund’s representatives have agreed that the plan may invest in Class A shares after that date;
|
•
|
Class A shares of the fund or any other John Hancock fund were established as a part of an investment model prior to January 1, 2013, and the fund’s representatives have agreed that plans utilizing such model may invest in Class A shares after that date; and
|
•
|
Such group retirement plans offered through an intermediary brokerage platform that does not require payments relating to the provisions of services to the fund, such as providing omnibus account services, transaction-processing services, or effecting portfolio transactions for the fund, that are specific to assets held in such group retirement plans and vary from such payments otherwise made for such services with respect to assets held in non-group retirement plan accounts.
|
•
|
Clients of financial intermediaries who: (i) charge such clients a fee for advisory, investment, consulting, or similar services; (ii) have entered into an agreement with the distributor to offer Class I shares through a no-load program or investment platform; or (iii) have entered into an agreement with the distributor to offer Class I shares to clients on certain brokerage platforms where the intermediary is acting solely as an agent for the investor who may be required to pay a commission and/or other forms of compensation to the intermediary. Other share classes of the fund have different fees and expenses.
|
•
|
Retirement and other benefit plans
|
•
|
Endowment funds, foundations, donor advised funds, and other charitable entities
|
•
|
Any state, county, or city, or its instrumentality, department, authority, or agency
|
•
|
Accounts registered to insurance companies, trust companies, and bank trust departments
|
•
|
Any entity that is considered a corporation for tax purposes
|
•
|
Investment companies, both affiliated and not affiliated with the advisor
|
•
|
Trustees, employees of the advisor or its affiliates, employees of the subadvisor, members of the fund’s portfolio management team and the spouses and children (under age 21) of the aforementioned
|
•
|
Qualified tuition programs under Section 529 (529 plans) of the Internal Revenue Code of 1986, as amended (the Code), distributed by John Hancock or one of its affiliates
|
•
|
Retirement plans, including pension, profit-sharing, and other plans qualified under Section 401(a) or described in Section 403(b) or 457 of the Code, and nonqualified deferred compensation plans
|
•
|
Retirement plans, Traditional and Roth IRAs, Coverdell Education Savings Accounts, SEPs, SARSEPs, and SIMPLE IRAs where the shares are held on the books of the fund through investment-only omnibus accounts (either at the plan level or at the level of the financial service firm) that trade through the National Securities Clearing Corporation (NSCC)
|
•
|
Qualified 401(a) plans (including 401(k) plans, Keogh plans, profit-sharing pension plans, money purchase pension plans, target benefit plans, defined benefit pension plans, and Taft-Hartley multi-employer pension plans) (collectively, qualified plans)
|
•
|
Endowment funds and foundations
|
•
|
Any state, county, or city, or its instrumentality, department, authority, or agency
|
•
|
403(b) plans and 457 plans, including 457(a) governmental entity plans and tax-exempt plans
|
•
|
Accounts registered to insurance companies, trust companies, and bank trust departments
|
•
|
Investment companies, both affiliated and not affiliated with the advisor
|
•
|
Any entity that is considered a corporation for tax purposes, including corporate nonqualified deferred compensation plans of such corporations
|
•
|
Trustees, employees of the advisor or its affiliates, employees of the subadvisor, members of the fund’s portfolio management team and the spouses and children (under age 21) of the aforementioned
|
•
|
Financial intermediaries utilizing fund shares in certain eligible qualifying investment product platforms under a signed agreement with the distributor
|
•
|
A front-end sales charge, as described in the section “How sales charges for Class A and Class C shares are calculated”
|
•
|
Distribution and service (Rule 12b-1) fees of 0.30% (currently only 0.25% is charged)
|
•
|
A 1.00% CDSC on certain shares sold within one year of purchase
|
•
|
No front-end sales charge; all your money goes to work for you right away
|
•
|
Rule 12b-1 fees of 1.00%
|
•
|
A 1.00% CDSC on shares sold within one year of purchase
|
•
|
Automatic conversion to Class A shares after eight years, thus reducing future annual expenses (certain exclusions may apply)
|
•
|
No front-end or deferred sales charges; however, if you purchase Class I shares through a broker acting solely as an agent on behalf of its customers, you may be required to pay a commission to the broker
|
•
|
No Rule 12b-1 fees
|
•
|
No front-end or deferred sales charges; all your money goes to work for you right away
|
•
|
Rule 12b-1 fees of 0.25%
|
•
|
No front-end or deferred sales charges; all your money goes to work for you right away
|
•
|
Rule 12b-1 fees of 0.15% (under the Rule 12b-1 plan, the distributor has the ability to collect 0.25%; however, the distributor has contractually agreed to waive 0.10% of these fees through July 31, 2023)
|
•
|
No front-end or deferred sales charges; all your money goes to work for you right away
|
•
|
No Rule 12b-1 fees
|
•
|
No front-end or deferred sales charges; all your money goes to work for you right away
|
•
|
No Rule 12b-1 fees
|
•
|
directly, by the payment of sales commissions, if any; and
|
•
|
indirectly, as a result of the fund paying Rule 12b-1 fees.
|
Your investment ($)
|
As a % of
offering price* |
As a % of your investment
|
Up to 49,999
|
5.00
|
5.26
|
50,000–99,999
|
4.50
|
4.71
|
100,000–249,999
|
3.50
|
3.63
|
250,000–499,999
|
2.50
|
2.56
|
500,000–999,999
|
2.00
|
2.04
|
1,000,000 and over
|
See below
|
* | Offering price is the net asset value per share plus any initial sales charge. |
Years after purchase
|
CDSC (%)
|
1st year
|
1.00
|
After 1st year
|
None
|
Years after purchase
|
CDSC (%)
|
1st year
|
1.00
|
After 1st year
|
None
|
•
|
Accumulation privilege—lets you add the value of any class of shares of any John Hancock open-end fund you already own to the amount of your next Class A investment for purposes of calculating the sales charge. However, Class A shares of money market funds will not qualify unless you have already paid a sales charge on those shares.
|
•
|
Letter of intention—lets you purchase Class A shares of a fund over a 13-month period and receive the same sales charge as if all shares had been purchased at once. You can use a letter of intention to qualify for reduced sales charges if you plan to invest at least to the first breakpoint level (generally $50,000 or $100,000 depending on the specific fund) in a John Hancock fund’s Class A shares during the next 13 months. Completing a letter of intention does not obligate you to purchase additional shares. However, if you do not buy enough shares to qualify for the lower sales charges by the earlier of the end of
|
the 13-month period or when you sell your shares, your sales charges will be recalculated to reflect your actual amount purchased. It is your responsibility to tell John Hancock Signature Services Inc. or your financial professional when you believe you have purchased shares totaling an amount eligible for reduced sales charges, as stated in your letter of intention. Further information is provided in the SAI.
|
•
|
Combination privilege—lets you combine shares of all funds for purposes of calculating the Class A sales charge.
|
•
|
to make payments through certain systematic withdrawal plans
|
•
|
certain retirement plans participating in PruSolutionsSM programs
|
•
|
redemptions pursuant to the fund’s right to liquidate an account that is below the minimum account value stated below in “Dividends and account policies,” under the subsection “Small accounts”
|
•
|
redemptions of Class A shares made after one year from the inception of a retirement plan at John Hancock
|
•
|
redemptions made under certain liquidation, merger or acquisition transactions involving other investment companies or personal holding companies
|
•
|
to make certain distributions from a retirement plan
|
•
|
because of shareholder death or disability
|
•
|
rollovers, contract exchanges, or transfers of John Hancock custodial 403(b)(7) account assets required by John Hancock as a result of its decision to discontinue maintaining and administering 403(b)(7) accounts
|
•
|
Selling brokers and their employees and sales representatives (and their Immediate Family, as defined in the SAI)
|
•
|
Financial intermediaries utilizing fund shares in eligible retirement platforms, fee-based, or wrap investment products
|
•
|
Financial intermediaries who offer shares to self-directed investment brokerage accounts that may or may not charge a transaction fee to their customers
|
•
|
Fund Trustees and other individuals who are affiliated with these or other John Hancock funds, including employees of John Hancock companies or Manulife Financial Corporation (and their Immediate Family, as defined in the SAI)
|
•
|
Individuals exchanging shares held in an eligible fee-based program for Class A shares, provided however, subsequent purchases in Class A shares will be subject to applicable sales charges
|
•
|
Individuals transferring assets held in a SIMPLE IRA, SEP, or SARSEP invested in John Hancock funds directly to an IRA
|
•
|
Individuals converting assets held in an IRA, SIMPLE IRA, SEP, or SARSEP invested in John Hancock funds directly to a Roth IRA
|
•
|
Individuals recharacterizing assets from an IRA, Roth IRA, SEP, SARSEP, or SIMPLE IRA invested in John Hancock funds back to the original account type from which they were converted
|
•
|
Participants in group retirement plans that are eligible and permitted to purchase Class A shares as described in the “Choosing an eligible share class” section above. This waiver is contingent upon the group retirement plan being in a recordkeeping arrangement and does not apply to group retirement plans transacting business with the fund through a brokerage relationship in which sales charges are customarily imposed, unless such brokerage relationship qualifies for a sales charge waiver as described. In addition, this waiver does not apply to a group retirement plan that leaves its current recordkeeping arrangement and subsequently transacts business with the fund through a brokerage relationship in which sales charges are customarily imposed. Whether a sales charge waiver is available to your group retirement plan through its record keeper depends upon the policies and procedures of your intermediary. Please consult your financial professional for further information
|
•
|
Retirement plans participating in PruSolutionsSM programs
|
•
|
Terminating participants in a pension, profit-sharing, or other plan qualified under Section 401(a) of the Code, or described in Section 457(b) of the Code, (i) that is funded by certain John Hancock group
|
annuity contracts, (ii) for which John Hancock Trust Company serves as trustee or custodian, or (iii) the trustee or custodian of which has retained John Hancock Retirement Plan Services (“RPS”) as a service provider, rolling over assets (directly or within 60 days after distribution) from such a plan (or from a John Hancock Managed IRA or John Hancock Annuities IRA into which such assets have already been rolled over) to a John Hancock custodial IRA or John Hancock custodial Roth IRA that invests in John Hancock funds, or the subsequent establishment of or any rollover into a new John Hancock fund account by such terminating participants and/or their Immediate Family (as defined in the SAI), including subsequent investments into such accounts, and that are held directly at John Hancock funds or at the John Hancock Personal Financial Services (“PFS”) Financial Center
|
•
|
Participants in a terminating pension, profit-sharing, or other plan qualified under Section 401(a) of the Code, or described in Section 457(b) of the Code (the assets of which, immediately prior to such plan’s termination, were (a) held in certain John Hancock group annuity contracts, (b) in trust or custody by John Hancock Trust Company, or (c) by a trustee or custodian which has retained John Hancock RPS as a service provider, but have been transferred from such contracts or trust funds and are held either: (i) in trust by a distribution processing organization; or (ii) in a custodial IRA or custodial Roth IRA sponsored by an authorized third-party trust company and made available through John Hancock), rolling over assets (directly or within 60 days after distribution) from such a plan to a John Hancock custodial IRA or John Hancock custodial Roth IRA that invests in John Hancock funds, or the subsequent establishment of or any rollover into a new John Hancock fund account by such participants and/or their Immediate Family (as defined in the SAI), including subsequent investments into such accounts, and that are held directly at John Hancock funds or at the PFS Financial Center
|
•
|
Participants actively enrolled in a John Hancock RPS plan account (or an account the trustee of which has retained John Hancock RPS as a service provider) rolling over or transferring assets into a new John Hancock custodial IRA or John Hancock custodial Roth IRA that invests in John Hancock funds through John Hancock PFS (to the extent such assets are otherwise prohibited from rolling over or transferring into such participant’s John Hancock RPS plan account), including subsequent investments into such accounts, and that are held directly at John Hancock funds or at the John Hancock PFS Financial Center
|
•
|
Individuals rolling over assets held in a John Hancock custodial 403(b)(7) account into a John Hancock custodial IRA account
|
•
|
Former employees/associates of John Hancock, its affiliates, or agencies rolling over (directly or indirectly within 60 days after distribution) to a new John Hancock custodial IRA or John Hancock custodial Roth IRA from the John Hancock Employee Investment-Incentive Plan (TIP), John Hancock Savings Investment Plan (SIP), or the John Hancock Pension Plan, and such participants and their Immediate Family (as defined in the SAI) subsequently establishing or rolling over assets into a new John Hancock account through the John Hancock PFS Group, including subsequent investments into such accounts, and that are held directly at John Hancock funds or at the John Hancock PFS Financial Center
|
•
|
A member of a class action lawsuit against insurance companies who is investing settlement proceeds
|
•
|
Exchanges from one John Hancock fund to the same class of any other John Hancock fund (see “Transaction policies” in this prospectus for additional details)
|
•
|
Dividend reinvestments (see “Dividends and account policies” in this prospectus for additional details)
|
•
|
In addition, the availability of certain sales charge waivers and discounts will depend on whether you purchase your shares directly from the fund or through a financial intermediary. Intermediaries may have different policies and procedures regarding the availability of front-end sales charge waivers or CDSC waivers (See Appendix 1 - Intermediary sales charge waivers, which includes information about specific sales charge waivers applicable to the intermediaries identified therein). In all instances, it is the purchaser’s responsibility to notify the fund or the purchaser’s financial intermediary at the time of purchase of any relationship or other facts qualifying the purchaser for sales charge waivers or discounts. For waivers and discounts not available through a particular intermediary, shareholders will have to purchase fund shares directly from the fund or through another intermediary to receive these waivers or discounts.
|
1 | Read this prospectus carefully. |
2 | Determine if you are eligible by referring to “Choosing an eligible share class.” |
3 | Determine how much you want to invest. There is no minimum initial investment to purchase Class R2, Class R4, or Class R5 shares. The minimum initial investments for Class A, Class C, Class I, and Class R6 shares are described below. There are no subsequent minimum investment requirements for these share classes. |
Share Class
|
Minimum initial investment
|
Class A and Class C
|
$1,000 ($250 for group investments). However, there is no minimum initial investment for certain group retirement plans using salary deduction or similar group methods of payment, for fee-based or wrap accounts of selling firms that have executed a fee-based or wrap agreement with the distributor, or for certain other eligible investment product platforms.
|
Share Class
|
Minimum initial investment
|
Class I
|
$250,000. However, the minimum initial investment requirement may be waived, at the fund’s sole discretion, for investors in certain fee-based, wrap, or other investment platform programs, or in certain brokerage platforms where the intermediary is acting solely as an agent for the investor. The fund also may waive the minimum initial investment for other categories of investors at its discretion, including for Trustees, employees of the advisor or its affiliates, employees of the subadvisor, members of the fund’s portfolio management team and the spouses and children (under age 21) of the aforementioned.
|
Class R6
|
$1 million. However, there is no minimum initial investment requirement for: (i) qualified and nonqualified plan investors; (ii) certain eligible qualifying investment product platforms; or (iii) Trustees, employees of the advisor or its affiliates, employees of the subadvisor, members of the fund’s portfolio management team and the spouses and children (under age 21) of the aforementioned.
|
4 | All Class A, Class C, Class I, and Class R6 shareholders must complete the account application, carefully following the instructions. If you have any questions, please contact your financial professional or call Signature Services at 800-225-5291 for Class A and Class C shares or 888-972-8696 for Class I and Class R6 shares. |
5 | Eligible retirement plans generally may open an account and purchase Class R2, Class R4, or Class R5 shares by contacting any broker-dealer or other financial service firm authorized to sell Class R2, Class R4, or Class R5 shares of the fund. Additional shares may be purchased through a retirement plan’s administrator or recordkeeper. |
6 | For Class A and Class C shares, complete the appropriate parts of the account privileges application. By applying for privileges now, you can avoid the delay and inconvenience of having to file an additional application if you want to add privileges later. |
7 | For Class A, Class C, Class I, and Class R6 shares, make your initial investment using the instructions under “Buying shares.” You and your financial professional can initiate any purchase, exchange, or sale of shares. |
Opening an account
|
Adding to an account
|
By check
|
|
|
|
By exchange
|
|
|
|
By wire
|
|
|
|
By internet
|
|
|
|
By phone
|
|
|
To add to an account using the Monthly Automatic Accumulation Program, see “Additional investor services.”
|
Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
EASI-Line
(24/7 automated service) 800-338-8080 |
Signature Services, Inc.
800-225-5291 |
Opening an account
|
Adding to an account
|
By check
|
|
|
|
By exchange
|
|
|
|
By wire
|
|
|
|
By internet
|
|
|
|
By phone
|
|
|
|
Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
Signature Services, Inc.
888-972-8696 |
Opening an account
|
Adding to an account
|
By check
|
|
|
|
By exchange
|
|
|
|
By wire
|
|
|
|
By internet
|
|
|
|
By phone
|
|
|
|
Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
Signature Services, Inc.
888-972-8696 |
To sell some or all of your shares
|
|
By letter
|
|
|
|
By internet
|
|
|
|
By phone
|
|
|
|
By wire or electronic funds transfer (EFT)
|
|
|
|
By exchange
|
|
|
To sell shares through a systematic withdrawal plan, see “Additional investor services.”
|
Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
EASI-Line
(24/7 automated service) 800-338-8080 |
Signature Services, Inc.
800-225-5291 |
•
|
your address or bank of record has changed within the past 30 days, and you would like the payment to be sent to your new address or bank,
|
•
|
you are selling more than $100,000 worth of shares (this requirement is waived for certain entities operating under a signed fax trading agreement with John Hancock), or
|
•
|
you are requesting payment other than by a check mailed to the address/bank of record and payable to the registered owner(s).
|
Seller
|
Requirements for written requests
|
Owners of individual, joint, or UGMA/UTMA accounts (custodial accounts for minors)
|
|
Owners of corporate, sole proprietorship, general partner, or association accounts
|
|
Owners or trustees of trust accounts
|
|
Joint tenancy shareholders with rights of survivorship with deceased co-tenant(s)
|
|
Executors of shareholder estates
|
|
Administrators, conservators, guardians, and other sellers, or account types not listed above
|
|
Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
EASI-Line
(24/7 automated service) 800-338-8080 |
Signature Services, Inc.
800-225-5291 |
To sell some or all of your shares
|
|
By letter
|
|
|
|
By internet
|
|
|
|
By phone
|
|
Amounts up to $100,000:
Amounts up to $5 million:
|
|
By wire or electronic funds transfer (EFT)
|
|
|
|
By exchange
|
|
|
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Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
Signature Services, Inc.
888-972-8696 |
•
|
your address or bank of record has changed within the past 30 days, and you would like the payment to be sent to your new address or bank;
|
•
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you are selling more than $100,000 worth of shares and are requesting payment by check (this requirement is waived for certain entities operating under a signed fax trading agreement with John Hancock);
|
•
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you are selling more than $5 million worth of shares from the following types of accounts: custodial accounts held by banks, trust companies, or broker-dealers; endowments and foundations; corporate accounts; group retirement plans; and pension accounts (excluding IRAs, 403(b) plans, and all John Hancock custodial retirement accounts); or
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•
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you are requesting payment other than by a check mailed to the address/bank of record and payable to the registered owner(s).
|
Seller
|
Requirements for written requests
|
Owners of individual, joint, or UGMA/UTMA accounts (custodial accounts for minors)
|
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Owners of corporate, sole proprietorship, general partner, or association accounts
|
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Owners or trustees of trust accounts
|
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Joint tenancy shareholders with rights of survivorship with deceased co-tenant(s)
|
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Executors of shareholder estates
|
|
Administrators, conservators, guardians, and other sellers, or account types not listed above
|
|
Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
Signature Services, Inc.
888-972-8696 |
To sell some or all of your shares
|
|
By letter
|
|
|
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By internet
|
|
|
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By phone
|
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Amounts up to $5 million:
|
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By wire or electronic funds transfer (EFT)
|
|
|
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By exchange
|
|
|
|
Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
Signature Services, Inc.
888-972-8696 |
•
|
your address or bank of record has changed within the past 30 days, and you would like the payment to be sent to your new address or bank;
|
•
|
you are selling more than $100,000 worth of shares and are requesting payment by check (this requirement is waived for certain entities operating under a signed fax trading agreement with John Hancock);
|
•
|
you are selling more than $5 million worth of shares from the following types of accounts: custodial accounts held by banks, trust companies, or broker-dealers; endowments and foundations; corporate accounts; and group retirement plans; or
|
•
|
you are requesting payment other than by a check mailed to the address/bank of record and payable to the registered owner(s).
|
Seller
|
Requirements for written requests
|
Owners of individual, joint, or UGMA/UTMA accounts (custodial accounts for minors)
|
|
Owners of corporate, sole proprietorship, general partner, or association accounts
|
|
Owners or trustees of trust accounts
|
|
Joint tenancy shareholders with rights of survivorship with deceased co-tenant(s)
|
|
Executors of shareholder estates
|
|
Administrators, conservators, guardians, and other sellers, or account types not listed above
|
|
Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
Signature Services, Inc.
888-972-8696 |
•
|
A fund that invests a significant portion of its assets in small- or mid-capitalization stocks or securities in particular industries that may trade infrequently or are fair valued as discussed under “Valuation of securities” entails a greater risk of excessive trading, as investors may seek to trade fund shares in an effort to benefit from their understanding of the value of those types of securities (referred to as price arbitrage).
|
•
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A fund that invests a material portion of its assets in securities of foreign issuers may be a potential target for excessive trading if investors seek to engage in price arbitrage based upon general trends in the securities markets that occur subsequent to the close of the primary market for such securities.
|
•
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A fund that invests a significant portion of its assets in below-investment-grade (junk) bonds that may trade infrequently or are fair valued as discussed under “Valuation of securities” incurs a greater risk of excessive trading, as investors may seek to trade fund
|
shares in an effort to benefit from their understanding of the value of those types of securities (referred to as price arbitrage).
|
•
|
after every transaction (except a dividend reinvestment, automatic investment, or systematic withdrawal) that affects your account balance
|
•
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after any changes of name or address of the registered owner(s)
|
•
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in all other circumstances, every quarter
|
•
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after every transaction (except a dividend reinvestment) that affects your account balance
|
•
|
after any changes of name or address of the registered owner(s)
|
•
|
in all other circumstances, every quarter
|
•
|
Make sure you have at least $5,000 worth of shares in your account.
|
•
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Make sure you are not planning to invest more money in this account (buying shares during a period when you are also selling shares of the same fund is not advantageous to you because of sales charges).
|
•
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Specify the payee(s). The payee may be yourself or any other party, and there is no limit to the number of payees you may have, as long as they are all on the same payment schedule.
|
•
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Determine the schedule: monthly, quarterly, semiannually, annually, or in certain selected months.
|
•
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Fill out the relevant part of the account application. To add a systematic withdrawal plan to an existing account, contact your financial professional or Signature Services.
|
•
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Employer-sponsored retirement, deferred compensation and employee benefit plans (including health savings accounts) and trusts used to fund those plans, provided that the shares are not held in a commission-based brokerage account and shares are held for the benefit of the plan
|
•
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Shares purchased by a 529 Plan (does not include 529 Plan units or 529-specific share classes or equivalents)
|
•
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Shares purchased through a Merrill Lynch affiliated investment advisory program
|
•
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Shares exchanged due to the holdings moving from a Merrill Lynch affiliated investment advisory program to a Merrill Lynch brokerage (non-advisory) account pursuant to Merrill Lynch’s policies relating to sales load discounts and waivers
|
•
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Shares purchased by third party investment advisors on behalf of their advisory clients through Merrill Lynch’s platform
|
•
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Shares of funds purchased through the Merrill Edge Self-Directed platform (if applicable)
|
•
|
Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund (but not any other fund within the fund family)
|
•
|
Shares exchanged from Class C (i.e. level-load) shares of the same fund pursuant to Merrill Lynch’s policies relating to sales load discounts and waivers
|
•
|
Employees and registered representatives of Merrill Lynch or its affiliates and their family members
|
•
|
Directors or Trustees of the fund, and employees of the fund’s investment adviser or any of its affiliates, as described in the prospectus
|
•
|
Eligible shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (known as Rights of Reinstatement). Automated transactions (i.e. systematic purchases and withdrawals) and purchases made after shares are automatically sold to pay Merrill Lynch’s account maintenance fees are not eligible for reinstatement
|
•
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Death or disability of the shareholder
|
•
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Shares sold as part of a systematic withdrawal plan as described in the fund’s prospectus
|
•
|
Return of excess contributions from an IRA Account
|
•
|
Shares sold as part of a required minimum distribution for IRA and retirement accounts pursuant to the Internal Revenue Code
|
•
|
Shares sold to pay Merrill Lynch fees but only if the transaction is initiated by Merrill Lynch
|
•
|
Shares acquired through a Right of Reinstatement
|
•
|
Shares held in retirement brokerage accounts, that are exchanged for a lower cost share class due to transfer to certain fee based accounts or platforms (applicable to Class A and Class C shares only)
|
•
|
Shares received through an exchange due to the holdings moving from a Merrill Lynch affiliated investment advisory program to a Merrill Lynch brokerage (non-advisory) account pursuant to Merrill Lynch’s policies relating to sales load discounts and waivers
|
•
|
Breakpoints as described in the fund’s prospectus
|
•
|
Rights of Accumulation (ROA) which entitle shareholders to breakpoint discounts as described in the fund’s prospectus will be automatically calculated based on the aggregated holding of fund family assets held by accounts (including 529 program holdings where applicable) within the purchaser’s household at Merrill Lynch. Eligible fund family assets not held at Merrill Lynch may be included in the ROA calculation only if the shareholder notifies his or her financial professional about such assets
|
•
|
Letters of Intent (LOI) which allow for breakpoint discounts based on anticipated purchases within a fund family, through Merrill Lynch, over a 13-month period of time (if applicable)
|
•
|
Employer-sponsored retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans). For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs or SAR-SEPs
|
•
|
Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund (but not any other fund within the same fund family)
|
•
|
Shares exchanged from Class C shares of the same fund in the month of or following the 7-year anniversary of the purchase date. To the extent that this prospectus elsewhere provides for a waiver with respect to exchanges of Class C shares or conversion of Class C shares following a shorter holding period, that waiver will apply
|
•
|
Employees and registered representatives of Ameriprise Financial or its affiliates and their immediate family members
|
•
|
Shares purchased by or through qualified accounts (including IRAs, Coverdell Education Savings Accounts, 401(k)s, 403(b) TSCAs subject to ERISA and defined benefit plans) that are held by a covered family member, defined as an Ameriprise financial advisor and/or the advisor’s spouse, advisor’s lineal ascendant (mother, father, grandmother, grandfather, great grandmother, great grandfather), advisor’s lineal descendant (son, step-son, daughter, step-daughter, grandson, granddaughter, great grandson, great granddaughter) or any spouse of a covered family member who is a lineal descendant
|
•
|
Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (i.e. Rights of Reinstatement)
|
•
|
Employer-sponsored retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans). For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs, SAR-SEPs or Keogh plans
|
•
|
Morgan Stanley employee and employee-related accounts according to Morgan Stanley’s account linking rules
|
•
|
Shares purchased through reinvestment of dividends and capital gains distributions when purchasing shares of the same fund
|
•
|
Shares purchased through a Morgan Stanley self-directed brokerage account
|
•
|
Class C (i.e., level-load) shares that are no longer subject to a contingent deferred sales charge and are converted to Class A shares of the same fund by Morgan Stanley Wealth Management pursuant to its share class conversion program
|
•
|
Shares purchased from the proceeds of redemptions within the same fund family, provided (i) the repurchase occurs within 90 days following the redemption, (ii) the redemption and purchase occur in the same account, and (iii) redeemed shares were subject to a front-end or deferred sales charge
|
•
|
Shares purchased in an investment advisory program
|
•
|
Shares purchased within the same fund family through a systematic reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund
|
•
|
Employees and registered representatives of Raymond James or its affiliates and their family members as designated by Raymond James
|
•
|
Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (known as Rights of Reinstatement)
|
•
|
A shareholder in the fund’s Class C shares will have their shares converted at net asset value to Class A shares (or the appropriate share class) of the fund if the shares are no longer subject to a CDSC and the conversion is in line with the policies and procedures of Raymond James
|
•
|
Death or disability of the shareholder
|
•
|
Shares sold as part of a systematic withdrawal plan as described in the fund’s prospectus
|
•
|
Return of excess contributions from an IRA Account
|
•
|
Shares sold as part of a required minimum distribution for IRA and retirement accounts due to the shareholder reaching the qualified age based on applicable IRS regulations as described in the fund’s prospectus
|
•
|
Shares sold to pay Raymond James fees but only if the transaction is initiated by Raymond James
|
•
|
Shares acquired through a right of reinstatement
|
•
|
Breakpoints as described in the fund’s prospectus
|
•
|
Rights of accumulation which entitle shareholders to breakpoint discounts will be automatically calculated based on the aggregated holding of fund family assets held by accounts within the purchaser’s household at Raymond James. Eligible fund family assets not held at Raymond James may be included in the calculation of rights of accumulation only if the shareholder notifies his or her financial professional about such assets
|
•
|
Letters of intent which allow for breakpoint discounts based on anticipated purchases within a fund family, over a 13-month time period. Eligible fund family assets not held at Raymond James may be included in the calculation of letters of intent only if the shareholder notifies his or her financial professional about such assets
|
•
|
Associates of Edward Jones and its affiliates and their family members who are in the same pricing group (as determined by Edward Jones under its policies and procedures) as the associate. This waiver will continue for the remainder of the associate’s life if the associate retires from Edward Jones in good-standing and remains in good standing pursuant to Edward Jones’ policies and procedures
|
•
|
Shares purchased in an Edward Jones fee-based program
|
•
|
Shares purchased through reinvestment of capital gains distributions and dividend reinvestment
|
•
|
Shares purchased from the proceeds of redeemed shares of the same fund family so long as the following conditions are met: 1) the proceeds are from the sale of shares within 60 days of the purchase, and 2) the sale and purchase are made in the same share class and the same account or the purchase is made in an individual retirement account with proceeds from liquidations in a non-retirement account
|
•
|
Shares exchanged into Class A shares from another share class so long as the exchange is into the same fund and was initiated at the discretion of Edward Jones. Edward Jones is responsible for any remaining CDSC due to the fund company, if applicable. Any future purchases are subject to the applicable sales charge as disclosed in the prospectus
|
•
|
Exchanges from Class C shares to Class A shares of the same fund, generally, in the 84th month following the anniversary of the purchase date or earlier at the discretion of Edward Jones
|
•
|
Shares sold upon the death or disability of the shareholder
|
•
|
Shares sold as part of a systematic withdrawal plan (limited to up to 10% per year of the account value)
|
•
|
Return of excess contributions from an Individual Retirement Account (IRA)
|
•
|
Shares sold as part of a required minimum distribution for IRA and retirement accounts if the redemption is taken in or after the year the shareholder reaches qualified age based on applicable IRS regulations
|
•
|
Shares sold to pay Edward Jones fees or costs in such cases where the transaction is initiated by Edward Jones
|
•
|
Shares exchanged at Edward Jones’ discretion in an Edward Jones fee-based program. In such circumstances, Edward Jones is responsible for any remaining CDSC due to the fund company, if applicable
|
•
|
Shares acquired through a right of reinstatement
|
•
|
Shares redeemed at the discretion of Edward Jones for Minimum Balances, as described below
|
•
|
Breakpoint pricing, otherwise known as volume pricing, at dollar thresholds, as described in this prospectus
|
•
|
Rights of Accumulation (ROA). The applicable sales charge on a purchase of Class A shares is determined by taking into account all share classes (except certain money market funds and any assets held in group retirement plans) of the fund family held by the shareholder or in an account grouped by Edward Jones with other accounts for the purpose of providing certain pricing considerations (pricing groups). If grouping assets as a shareholder, this includes all share classes held on the Edward Jones platform and/or held on another platform. The inclusion of eligible fund family assets in the ROA calculation is dependent on the shareholder notifying Edward Jones of such assets at the time of calculation. The employer maintaining a SEP IRA plan and/or SIMPLE IRA plan may elect to establish or change ROA for the IRA accounts associated with the plan to a plan-level grouping as opposed to including all share classes at a shareholder or pricing group level. ROA is determined by calculating the higher of cost minus redemptions or market value (current shares x NAV). Money market funds are included only if such shares were sold with a sales charge at the time of purchase or acquired in exchange for shares purchased with a sales charge
|
•
|
Letter of Intent (LOI). Through a LOI, shareholders can receive the sales charge and breakpoint discounts for purchases shareholders intend to make over a 13-month period from the date Edward Jones receives the LOI. The LOI is determined by calculating the higher of cost or market value of qualifying holdings at LOI initiation in combination with the value that the shareholder intends to buy over a 13-month period to calculate the front-end sales charge and any breakpoint discounts. Each purchase the shareholder makes during that 13-month period will receive the sales charge and breakpoint discount that applies to the total amount. The inclusion of eligible fund family assets in the LOI calculation is dependent on the shareholder notifying Edward Jones of such assets at the time of calculation. Purchases made before the LOI is received by Edward Jones are not adjusted under the LOI and will not reduce the sales charge previously paid. Sales charges will be adjusted if LOI is not met. If the employer maintaining a SEP IRA plan and/or SIMPLE IRA plan has elected to establish or change ROA for the IRA accounts associated with the plan to a plan-level grouping, LOIs will also be at the plan-level and may only be established by the employer
|
•
|
Initial purchase minimum: $250
|
•
|
Subsequent purchase minimum: none
|
•
|
Edward Jones has the right to redeem at its discretion fund holdings with a balance of $250 or less. The following are examples of accounts that are not included in this policy:
|
•
|
A fee-based account held on an Edward Jones platform
|
•
|
A 529 account held on an Edward Jones platform
|
•
|
An account with an active systematic investment plan or LOI
|
•
|
At any time it deems necessary, Edward Jones has the authority to exchange at NAV a shareholder’s holdings in a fund to Class A shares of the same fund
|
•
|
Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund (but not any other fund within the fund family)
|
•
|
Shares purchased by employees and registered representatives of Janney or its affiliates and their family members as designated by Janney
|
•
|
Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within ninety (90) days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (i.e., right of reinstatement)
|
•
|
Employer-sponsored retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans). For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs, SAR-SEPs or Keogh plans
|
•
|
Shares acquired through a right of reinstatement
|
•
|
Class C shares that are no longer subject to a contingent deferred sales charge and are converted to Class A shares of the same fund pursuant to Janney’s policies and procedures
|
•
|
Shares sold upon the death or disability of the shareholder
|
•
|
Shares sold as part of a systematic withdrawal plan as described in the fund’s prospectus
|
•
|
Shares purchased in connection with a return of excess contributions from an IRA account
|
•
|
Shares sold as part of a required minimum distribution for IRA and retirement accounts if the redemption is taken in or after the year the shareholder reaches qualified age based on applicable IRS regulations
|
•
|
Shares sold to pay Janney fees but only if the transaction is initiated by Janney
|
•
|
Shares acquired through a right of reinstatement
|
•
|
Shares exchanged into the same share class of a different fund
|
•
|
Breakpoints as described in the fund’s prospectus
|
•
|
Rights of accumulation (ROA), which entitle shareholders to breakpoint discounts, will be automatically calculated based on the aggregated holding of fund family assets held by accounts within the purchaser’s household at Janney. Eligible fund family assets not held at Janney may be included in the ROA calculation only if the shareholder notifies his or her financial professional about such assets
|
•
|
Letters of intent which allow for breakpoint discounts based on anticipated purchases within a fund family, over a 13-month time period. Eligible fund family assets not held at Janney may be included in the calculation of letters of intent only if the shareholder notifies his or her financial professional about such assets
|
•
|
Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund
|
•
|
Shares purchased by employees and registered representatives of Baird or its affiliates and their family members as designated by Baird
|
•
|
Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales charge (known as rights of reinstatement)
|
•
|
Class C shares will be converted at net asset value to Class A shares of the same fund if the shares are no longer subject to CDSC and the conversion is in line with the policies and procedures of Baird
|
•
|
Employer-sponsored retirement plans or charitable accounts in a transactional brokerage account at Baird, including 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans. For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs or SAR-SEPs
|
•
|
Shares sold due to death or disability of the shareholder
|
•
|
Shares sold as part of a systematic withdrawal plan as described in the fund’s prospectus
|
•
|
Shares bought due to returns of excess contributions from an IRA Account
|
•
|
Shares sold as part of a required minimum distribution for IRA and retirement accounts due to the shareholder reaching the qualified age based on applicable IRS regulations as described in the fund’s prospectus
|
•
|
Shares sold to pay Baird fees but only if the transaction is initiated by Baird
|
•
|
Shares acquired through a right of reinstatement
|
•
|
Breakpoints as described in this prospectus
|
•
|
Rights of accumulations which entitle shareholders to breakpoint discounts will be automatically calculated based on the aggregated holdings of fund family assets held by accounts within the purchaser’s household at Baird. Eligible fund family assets not held at Baird may be included in the rights of accumulations calculation only if the shareholder notifies his or her financial advisor about such assets
|
•
|
Letters of Intent (LOI) allow for breakpoint discounts based on anticipated purchases within the fund family through Baird, over a 13-month period of time
|
•
|
Class C shares that have been held for more than seven (7) years converted to Class A shares of the same fund pursuant to Stifel’s policies and procedures.
|
![]() |
© 2022 John Hancock Investment Management Distributors LLC, Member FINRA, SIPC
200 Berkeley Street Boston, MA 02116 800-225-5291, jhinvestments.com Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by its affiliates under license.
|
![]() |
SEC file number: 811-21777
3400PN 8/1/22 |
A
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C
|
I
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R2
|
R4
|
R6
|
|||||
JVMAX
|
JVMCX
|
JVMIX
|
JVMSX
|
JVMTX
|
JVMRX
|
Fund summary
|
||
The summary section is a concise look at the investment objective, fees and expenses, principal investment strategies, principal risks, past performance, and investment management.
|
||
Fund details
|
||
More about topics covered in the summary section, including descriptions of the investment strategies and various risk factors that investors should understand before investing.
|
||
Your account
|
||
How to place an order to buy, sell, or exchange shares, as well as information about the business policies and any distributions that may be paid.
For more information See back cover |
||
|
A
|
C
|
I
|
R2
|
R4
|
R6
|
Maximum front-end sales charge (load) on purchases, as a % of purchase price
|
|
|
|
|
|
|
Maximum deferred sales charge (load) as a % of purchase or sale price, whichever is less
|
(on certain purchases, including those of $1 million or more) |
|
|
|
|
|
Small account fee (for fund account balances under $1,000) ($)
|
|
|
|
|
|
|
|
A
|
C
|
I
|
R2
|
R4
|
R6
|
Management fee
|
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|
|
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|
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Distribution and service (Rule 12b-1) fees
|
|
|
|
|
|
|
Other expenses
|
|
|
|
|
|
|
Service plan fee
|
|
|
|
|
|
|
Additional other expenses
|
|
|
|
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|
|
Total other expenses
|
|
|
|
|
|
|
Total annual fund operating expenses
|
|
|
|
|
|
|
Contractual expense reimbursement
|
-
1
|
-
1
|
-
1
|
-
1
|
-
2,1
|
|
Total annual fund operating expenses after expense reimbursements
|
|
|
|
|
|
|
1 | The advisor contractually agrees to waive a portion of its management fee and/or reimburse expenses for the fund and certain other John Hancock funds according to an asset level breakpoint schedule that is based on the aggregate net assets of all the funds participating in the waiver or reimbursement. This waiver is allocated proportionally among the participating funds. During its most recent fiscal year, the fund’s reimbursement amounted to 0.01% of the fund’s average daily net assets. This agreement expires on |
2 | The distributor contractually agrees to limit its Rule 12b-1 fees for Class R4 shares to 0.15%. This agreement expires on July 31, 2023 unless renewed by mutual agreement of the fund and the distributor based upon a determination that this is appropriate under the circumstances at that time. |
Expenses ($)
|
A
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C
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I
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R2
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R4
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R6
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1 year
|
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3 years
|
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Expenses ($)
|
A
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C
|
I
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R2
|
R4
|
R6
|
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Sold
|
Not Sold
|
||||||
5 years
|
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|
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|
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10 years
|
|
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|
|
|
|
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1 year
|
5 year
|
10 year
|
Class A (before tax)
|
|
|
|
Average annual total returns (%)—as of 12/31/21
|
1 year
|
5 year
|
10 year
|
after tax on distributions
|
|
|
|
after tax on distributions, with sale
|
|
|
|
Class C
|
|
|
|
Class I
|
|
|
|
Class R2
|
|
|
|
Class R4
|
|
|
|
Class R6
|
|
|
|
Russell Midcap Value Index (reflects no deduction for fees, expenses, or taxes)
|
|
|
|
Joseph F. Feeney, Jr., CFA
Co-Portfolio Manager Managed the fund and its predecessor since 2010 |
Steven L. Pollack, CFA
Co-Portfolio Manager Managed the fund since 2009 and its predecessor since 2001 |
Currency risk. Currency risk is the risk that fluctuations in exchange rates may adversely affect the U.S. dollar value of a fund’s investments. Currency risk includes both the risk that currencies in which a fund’s investments are traded, or currencies in which a fund has taken an active investment position, will decline in value relative to the U.S. dollar and, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly for a number of reasons, including the forces of supply and demand in the foreign exchange markets, actual or perceived changes in interest
|
rates, intervention (or the failure to intervene) by U.S. or foreign governments or central banks, or currency controls or political developments in the United States or abroad. Certain funds may also take active currency positions and may cross-hedge currency exposure represented by their securities into another foreign currency. This may result in a fund’s currency exposure being substantially different than that suggested by its securities investments. All funds with foreign currency holdings and/or that invest or trade in securities denominated in foreign currencies or related derivative instruments may be adversely affected by changes in foreign currency exchange rates. Derivative foreign currency transactions (such as futures, forwards, and swaps) may also involve leveraging risk, in addition to currency risk. Leverage may disproportionately increase a fund’s portfolio losses and reduce opportunities for gain when interest rates, stock prices, or currency rates are changing.
|
Average daily net assets ($)
|
Annual rate (%)
|
First 500 million
|
0.800
|
Next 500 million
|
0.775
|
Next 500 million
|
0.750
|
Next 1 billion
|
0.725
|
Excess over 2.5 billion
|
0.700
|
•
|
Co-Portfolio Manager
|
•
|
Managed the fund and its predecessor since 2010
|
•
|
Chief Executive Officer and Chief Investment Officer, Boston Partners
|
•
|
Joined Boston Partners in 1995
|
•
|
Began investment career in 1985
|
•
|
Co-Portfolio Manager
|
•
|
Managed the fund since 2009 and its predecessor since 2001
|
•
|
Senior Portfolio Manager, Boston Partners
|
•
|
Joined Boston Partners in 2000
|
•
|
Began investment career in 1984
|
Disciplined Value Mid Cap Fund Class A Shares
|
||||||
Per share operating performance
|
Period ended
|
3-31-22
|
3-31-21
|
3-31-20
|
3-31-19
|
3-31-18
|
Net asset value, beginning of period
|
$25.33
|
$14.91
|
$19.08
|
$22.35
|
$21.61
|
|
Net investment income1
|
0.09
|
0.10
|
0.14
|
0.12
|
0.07
|
|
Net realized and unrealized gain (loss) on investments
|
2.60
|
10.54
|
(3.83
)
|
(1.01
)
|
2.11
|
|
Total from investment operations
|
2.69
|
10.64
|
(3.69
)
|
(0.89
)
|
2.18
|
|
Less distributions
|
|
|
|
|
|
|
From net investment income
|
(0.07
)
|
(0.14
)
|
(0.14
)
|
(0.13
)
|
(0.06
)
|
|
From net realized gain
|
(1.70
)
|
(0.08
)
|
(0.34
)
|
(2.25
)
|
(1.38
)
|
|
Total distributions
|
(1.77
)
|
(0.22
)
|
(0.48
)
|
(2.38
)
|
(1.44
)
|
|
Net asset value, end of period
|
$26.25
|
$25.33
|
$14.91
|
$19.08
|
$22.35
|
|
Total return (%)2,3
|
10.91
|
71.55
|
(20.06
)
|
(2.98
)
|
10.15
|
|
Ratios and supplemental data
|
|
|
|
|
|
|
Net assets, end of period (in millions)
|
$1,486
|
$1,204
|
$782
|
$1,184
|
$1,547
|
|
Ratios (as a percentage of average net assets):
|
|
|
|
|
|
|
Expenses before reductions
|
1.11
|
1.12
|
1.12
|
1.11
|
1.11
|
|
Expenses including reductions
|
1.10
|
1.11
|
1.12
|
1.10
|
1.10
|
|
Net investment income
|
0.34
|
0.52
|
0.70
|
0.58
|
0.30
|
|
Portfolio turnover (%)
|
26
|
52
4
|
54
|
53
|
53
|
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
3 | Does not reflect the effect of sales charges, if any. |
4 | Excludes in-kind transactions. |
Disciplined Value Mid Cap Fund Class C Shares
|
||||||
Per share operating performance
|
Period ended
|
3-31-22
|
3-31-21
|
3-31-20
|
3-31-19
|
3-31-18
|
Net asset value, beginning of period
|
$25.34
|
$14.94
|
$19.13
|
$22.42
|
$21.77
|
|
Net investment loss1
|
(0.12
)
|
(0.05
)
|
(0.01
)
|
(0.04
)
|
(0.10
)
|
|
Net realized and unrealized gain (loss) on investments
|
2.62
|
10.53
|
(3.84
)
|
(1.00
)
|
2.13
|
|
Total from investment operations
|
2.50
|
10.48
|
(3.85
)
|
(1.04
)
|
2.03
|
|
Less distributions
|
|
|
|
|
|
|
From net realized gain
|
(1.70
)
|
(0.08
)
|
(0.34
)
|
(2.25
)
|
(1.38
)
|
|
Total distributions
|
(1.70
)
|
(0.08
)
|
(0.34
)
|
(2.25
)
|
(1.38
)
|
|
Net asset value, end of period
|
$26.14
|
$25.34
|
$14.94
|
$19.13
|
$22.42
|
|
Total return (%)2,3
|
10.12
|
70.20
|
(20.63
)
|
(3.72
)
|
9.35
|
|
Ratios and supplemental data
|
|
|
|
|
|
|
Net assets, end of period (in millions)
|
$62
|
$92
|
$107
|
$182
|
$278
|
|
Ratios (as a percentage of average net assets):
|
|
|
|
|
|
|
Expenses before reductions
|
1.86
|
1.87
|
1.87
|
1.86
|
1.86
|
|
Expenses including reductions
|
1.85
|
1.86
|
1.87
|
1.85
|
1.85
|
|
Net investment loss
|
(0.46
)
|
(0.23
)
|
(0.07
)
|
(0.19
)
|
(0.43
)
|
|
Portfolio turnover (%)
|
26
|
52
4
|
54
|
53
|
53
|
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
3 | Does not reflect the effect of sales charges, if any. |
4 | Excludes in-kind transactions. |
Disciplined Value Mid Cap Fund Class I Shares
|
||||||
Per share operating performance
|
Period ended
|
3-31-22
|
3-31-21
|
3-31-20
|
3-31-19
|
3-31-18
|
Net asset value, beginning of period
|
$26.49
|
$15.58
|
$19.91
|
$23.22
|
$22.39
|
|
Net investment income1
|
0.16
|
0.16
|
0.20
|
0.18
|
0.14
|
|
Net realized and unrealized gain (loss) on investments
|
2.74
|
11.02
|
(4.00
)
|
(1.06
)
|
2.19
|
|
Total from investment operations
|
2.90
|
11.18
|
(3.80
)
|
(0.88
)
|
2.33
|
|
Less distributions
|
|
|
|
|
|
|
From net investment income
|
(0.14
)
|
(0.19
)
|
(0.19
)
|
(0.18
)
|
(0.12
)
|
|
From net realized gain
|
(1.70
)
|
(0.08
)
|
(0.34
)
|
(2.25
)
|
(1.38
)
|
|
Total distributions
|
(1.84
)
|
(0.27
)
|
(0.53
)
|
(2.43
)
|
(1.50
)
|
|
Net asset value, end of period
|
$27.55
|
$26.49
|
$15.58
|
$19.91
|
$23.22
|
|
Total return (%)2
|
11.23
|
71.97
|
(19.84
)
|
(2.79
)
|
10.46
|
|
Ratios and supplemental data
|
|
|
|
|
|
|
Net assets, end of period (in millions)
|
$14,847
|
$11,932
|
$6,349
|
$7,784
|
$9,799
|
|
Ratios (as a percentage of average net assets):
|
|
|
|
|
|
|
Expenses before reductions
|
0.86
|
0.87
|
0.87
|
0.88
|
0.86
|
|
Expenses including reductions
|
0.85
|
0.86
|
0.87
|
0.87
|
0.85
|
|
Net investment income
|
0.59
|
0.78
|
0.97
|
0.82
|
0.58
|
|
Portfolio turnover (%)
|
26
|
52
3
|
54
|
53
|
53
|
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
3 | Excludes in-kind transactions. |
Disciplined Value Mid Cap Fund Class R2 Shares
|
||||||
Per share operating performance
|
Period ended
|
3-31-22
|
3-31-21
|
3-31-20
|
3-31-19
|
3-31-18
|
Net asset value, beginning of period
|
$26.37
|
$15.53
|
$19.85
|
$23.14
|
$22.32
|
|
Net investment income1
|
0.05
|
0.08
|
0.11
|
0.09
|
0.04
|
|
Net realized and unrealized gain (loss) on investments
|
2.73
|
10.96
|
(3.98
)
|
(1.04
)
|
2.19
|
|
Total from investment operations
|
2.78
|
11.04
|
(3.87
)
|
(0.95
)
|
2.23
|
|
Less distributions
|
|
|
|
|
|
|
From net investment income
|
(0.04
)
|
(0.12
)
|
(0.11
)
|
(0.09
)
|
(0.03
)
|
|
From net realized gain
|
(1.70
)
|
(0.08
)
|
(0.34
)
|
(2.25
)
|
(1.38
)
|
|
Total distributions
|
(1.74
)
|
(0.20
)
|
(0.45
)
|
(2.34
)
|
(1.41
)
|
|
Net asset value, end of period
|
$27.41
|
$26.37
|
$15.53
|
$19.85
|
$23.14
|
|
Total return (%)2
|
10.78
|
71.23
|
(20.14
)
|
(3.14
)
|
10.03
|
|
Ratios and supplemental data
|
|
|
|
|
|
|
Net assets, end of period (in millions)
|
$103
|
$106
|
$77
|
$131
|
$188
|
|
Ratios (as a percentage of average net assets):
|
|
|
|
|
|
|
Expenses before reductions
|
1.25
|
1.25
|
1.26
|
1.27
|
1.26
|
|
Expenses including reductions
|
1.24
|
1.24
|
1.25
|
1.26
|
1.25
|
|
Net investment income
|
0.18
|
0.39
|
0.54
|
0.41
|
0.17
|
|
Portfolio turnover (%)
|
26
|
52
3
|
54
|
53
|
53
|
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
3 | Excludes in-kind transactions. |
Disciplined Value Mid Cap Fund Class R4 Shares
|
||||||
Per share operating performance
|
Period ended
|
3-31-22
|
3-31-21
|
3-31-20
|
3-31-19
|
3-31-18
|
Net asset value, beginning of period
|
$26.46
|
$15.57
|
$19.90
|
$23.20
|
$22.38
|
|
Net investment income1
|
0.12
|
0.14
|
0.17
|
0.15
|
0.09
|
|
Net realized and unrealized gain (loss) on investments
|
2.73
|
10.99
|
(4.00
)
|
(1.05
)
|
2.20
|
|
Total from investment operations
|
2.85
|
11.13
|
(3.83
)
|
(0.90
)
|
2.29
|
|
Less distributions
|
|
|
|
|
|
|
From net investment income
|
(0.10
)
|
(0.16
)
|
(0.16
)
|
(0.15
)
|
(0.09
)
|
|
From net realized gain
|
(1.70
)
|
(0.08
)
|
(0.34
)
|
(2.25
)
|
(1.38
)
|
|
Total distributions
|
(1.80
)
|
(0.24
)
|
(0.50
)
|
(2.40
)
|
(1.47
)
|
|
Net asset value, end of period
|
$27.51
|
$26.46
|
$15.57
|
$19.90
|
$23.20
|
|
Total return (%)2
|
11.06
|
71.69
|
(19.96
)
|
(2.90
)
|
10.26
|
|
Ratios and supplemental data
|
|
|
|
|
|
|
Net assets, end of period (in millions)
|
$141
|
$130
|
$55
|
$74
|
$97
|
|
Ratios (as a percentage of average net assets):
|
|
|
|
|
|
|
Expenses before reductions
|
1.10
|
1.11
|
1.11
|
1.12
|
1.12
|
|
Expenses including reductions
|
0.99
|
1.00
|
1.00
|
1.01
|
1.01
|
|
Net investment income
|
0.43
|
0.65
|
0.81
|
0.68
|
0.42
|
|
Portfolio turnover (%)
|
26
|
52
3
|
54
|
53
|
53
|
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
3 | Excludes in-kind transactions. |
Disciplined Value Mid Cap Fund Class R6 Shares
|
||||||
Per share operating performance
|
Period ended
|
3-31-22
|
3-31-21
|
3-31-20
|
3-31-19
|
3-31-18
|
Net asset value, beginning of period
|
$26.48
|
$15.58
|
$19.90
|
$23.21
|
$22.38
|
|
Net investment income1
|
0.19
|
0.18
|
0.23
|
0.21
|
0.17
|
|
Net realized and unrealized gain (loss) on investments
|
2.74
|
11.01
|
(4.00
)
|
(1.07
)
|
2.18
|
|
Total from investment operations
|
2.93
|
11.19
|
(3.77
)
|
(0.86
)
|
2.35
|
|
Less distributions
|
|
|
|
|
|
|
From net investment income
|
(0.17
)
|
(0.21
)
|
(0.21
)
|
(0.20
)
|
(0.14
)
|
|
From net realized gain
|
(1.70
)
|
(0.08
)
|
(0.34
)
|
(2.25
)
|
(1.38
)
|
|
Total distributions
|
(1.87
)
|
(0.29
)
|
(0.55
)
|
(2.45
)
|
(1.52
)
|
|
Net asset value, end of period
|
$27.54
|
$26.48
|
$15.58
|
$19.90
|
$23.21
|
|
Total return (%)2
|
11.36
|
72.06
|
(19.72
)
|
(2.66
)
|
10.56
|
|
Ratios and supplemental data
|
|
|
|
|
|
|
Net assets, end of period (in millions)
|
$4,768
|
$3,778
|
$2,546
|
$2,994
|
$2,748
|
|
Ratios (as a percentage of average net assets):
|
|
|
|
|
|
|
Expenses before reductions
|
0.75
|
0.76
|
0.76
|
0.77
|
0.77
|
|
Expenses including reductions
|
0.75
|
0.75
|
0.76
|
0.76
|
0.76
|
|
Net investment income
|
0.69
|
0.88
|
1.08
|
0.96
|
0.71
|
|
Portfolio turnover (%)
|
26
|
52
3
|
54
|
53
|
53
|
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
3 | Excludes in-kind transactions. |
•
|
The plan currently holds assets in Class A shares of the fund or any John Hancock fund;
|
•
|
Class A shares of the fund or any other John Hancock fund were established as an investment option under the plan prior to January 1, 2013, and the fund’s representatives have agreed that the plan may invest in Class A shares after that date;
|
•
|
Class A shares of the fund or any other John Hancock fund were established as a part of an investment model prior to January 1, 2013, and the fund’s representatives have agreed that plans utilizing such model may invest in Class A shares after that date; and
|
•
|
Such group retirement plans offered through an intermediary brokerage platform that does not require payments relating to the provisions of services to the fund, such as providing omnibus account services, transaction-processing services, or effecting portfolio transactions for the fund, that are specific to assets held in such group retirement plans and vary from such payments otherwise made for such services with respect to assets held in non-group retirement plan accounts.
|
•
|
Clients of financial intermediaries who: (i) charge such clients a fee for advisory, investment, consulting, or similar services; (ii) have entered into an agreement with the distributor to offer Class I shares through a no-load program or investment platform; or (iii) have entered into an agreement with the distributor to offer Class I shares to clients on certain brokerage platforms where the intermediary is acting solely as an agent for the investor who may be required to pay a commission and/or other forms of compensation to the intermediary. Other share classes of the fund have different fees and expenses.
|
•
|
Retirement and other benefit plans
|
•
|
Endowment funds, foundations, donor advised funds, and other charitable entities
|
•
|
Any state, county, or city, or its instrumentality, department, authority, or agency
|
•
|
Accounts registered to insurance companies, trust companies, and bank trust departments
|
•
|
Any entity that is considered a corporation for tax purposes
|
•
|
Investment companies, both affiliated and not affiliated with the advisor
|
•
|
Trustees, employees of the advisor or its affiliates, employees of the subadvisor, members of the fund’s portfolio management team and the spouses and children (under age 21) of the aforementioned
|
•
|
Qualified tuition programs under Section 529 (529 plans) of the Internal Revenue Code of 1986, as amended (the Code), distributed by John Hancock or one of its affiliates
|
•
|
Retirement plans, including pension, profit-sharing, and other plans qualified under Section 401(a) or described in Section 403(b) or 457 of the Code, and nonqualified deferred compensation plans
|
•
|
Retirement plans, Traditional and Roth IRAs, Coverdell Education Savings Accounts, SEPs, SARSEPs, and SIMPLE IRAs where the shares are held on the books of the fund through investment-only omnibus accounts (either at the plan level or at the level of the financial service firm) that trade through the National Securities Clearing Corporation (NSCC)
|
•
|
Qualified 401(a) plans (including 401(k) plans, Keogh plans, profit-sharing pension plans, money purchase pension plans, target benefit plans, defined benefit pension plans, and Taft-Hartley multi-employer pension plans) (collectively, qualified plans)
|
•
|
Endowment funds and foundations
|
•
|
Any state, county, or city, or its instrumentality, department, authority, or agency
|
•
|
403(b) plans and 457 plans, including 457(a) governmental entity plans and tax-exempt plans
|
•
|
Accounts registered to insurance companies, trust companies, and bank trust departments
|
•
|
Investment companies, both affiliated and not affiliated with the advisor
|
•
|
Any entity that is considered a corporation for tax purposes, including corporate nonqualified deferred compensation plans of such corporations
|
•
|
Trustees, employees of the advisor or its affiliates, employees of the subadvisor, members of the fund’s portfolio management team and the spouses and children (under age 21) of the aforementioned
|
•
|
Financial intermediaries utilizing fund shares in certain eligible qualifying investment product platforms under a signed agreement with the distributor
|
•
|
A front-end sales charge, as described in the section “How sales charges for Class A and Class C shares are calculated”
|
•
|
Distribution and service (Rule 12b-1) fees of 0.30% (currently only 0.25% is charged)
|
•
|
A 1.00% CDSC on certain shares sold within one year of purchase
|
•
|
No front-end sales charge; all your money goes to work for you right away
|
•
|
Rule 12b-1 fees of 1.00%
|
•
|
A 1.00% CDSC on shares sold within one year of purchase
|
•
|
Automatic conversion to Class A shares after eight years, thus reducing future annual expenses (certain exclusions may apply)
|
•
|
No front-end or deferred sales charges; however, if you purchase Class I shares through a broker acting solely as an agent on behalf of its customers, you may be required to pay a commission to the broker
|
•
|
No Rule 12b-1 fees
|
•
|
No front-end or deferred sales charges; all your money goes to work for you right away
|
•
|
Rule 12b-1 fees of 0.25%
|
•
|
No front-end or deferred sales charges; all your money goes to work for you right away
|
•
|
Rule 12b-1 fees of 0.15% (under the Rule 12b-1 plan, the distributor has the ability to collect 0.25%; however, the distributor has contractually agreed to waive 0.10% of these fees through July 31, 2023)
|
•
|
No front-end or deferred sales charges; all your money goes to work for you right away
|
•
|
No Rule 12b-1 fees
|
•
|
directly, by the payment of sales commissions, if any; and
|
•
|
indirectly, as a result of the fund paying Rule 12b-1 fees.
|
Your investment ($)
|
As a % of
offering price* |
As a % of your investment
|
Up to 49,999
|
5.00
|
5.26
|
50,000–99,999
|
4.50
|
4.71
|
100,000–249,999
|
3.50
|
3.63
|
250,000–499,999
|
2.50
|
2.56
|
500,000–999,999
|
2.00
|
2.04
|
1,000,000 and over
|
See below
|
* | Offering price is the net asset value per share plus any initial sales charge. |
Years after purchase
|
CDSC (%)
|
1st year
|
1.00
|
After 1st year
|
None
|
Years after purchase
|
CDSC (%)
|
1st year
|
1.00
|
After 1st year
|
None
|
•
|
Accumulation privilege—lets you add the value of any class of shares of any John Hancock open-end fund you already own to the amount of your next Class A investment for purposes of calculating the sales charge. However, Class A shares of money market funds will not qualify unless you have already paid a sales charge on those shares.
|
•
|
Letter of intention—lets you purchase Class A shares of a fund over a 13-month period and receive the same sales charge as if all shares had been purchased at once. You can use a letter of intention to qualify for reduced sales charges if you plan to invest at least to the first breakpoint level (generally $50,000 or $100,000 depending on the specific fund) in a John Hancock fund’s Class A shares during the next 13 months. Completing a letter of intention does not obligate you to purchase additional shares. However, if you do not buy enough shares to qualify for the lower sales charges by the earlier of the end of the 13-month period or when you sell your shares, your sales charges will be recalculated to reflect your actual amount purchased. It is your
|
responsibility to tell John Hancock Signature Services Inc. or your financial professional when you believe you have purchased shares totaling an amount eligible for reduced sales charges, as stated in your letter of intention. Further information is provided in the SAI.
|
•
|
Combination privilege—lets you combine shares of all funds for purposes of calculating the Class A sales charge.
|
•
|
to make payments through certain systematic withdrawal plans
|
•
|
certain retirement plans participating in PruSolutionsSM programs
|
•
|
redemptions pursuant to the fund’s right to liquidate an account that is below the minimum account value stated below in “Dividends and account policies,” under the subsection “Small accounts”
|
•
|
redemptions of Class A shares made after one year from the inception of a retirement plan at John Hancock
|
•
|
redemptions made under certain liquidation, merger or acquisition transactions involving other investment companies or personal holding companies
|
•
|
to make certain distributions from a retirement plan
|
•
|
because of shareholder death or disability
|
•
|
rollovers, contract exchanges, or transfers of John Hancock custodial 403(b)(7) account assets required by John Hancock as a result of its decision to discontinue maintaining and administering 403(b)(7) accounts
|
•
|
Selling brokers and their employees and sales representatives (and their Immediate Family, as defined in the SAI)
|
•
|
Financial intermediaries utilizing fund shares in eligible retirement platforms, fee-based, or wrap investment products
|
•
|
Financial intermediaries who offer shares to self-directed investment brokerage accounts that may or may not charge a transaction fee to their customers
|
•
|
Fund Trustees and other individuals who are affiliated with these or other John Hancock funds, including employees of John Hancock companies or Manulife Financial Corporation (and their Immediate Family, as defined in the SAI)
|
•
|
Individuals exchanging shares held in an eligible fee-based program for Class A shares, provided however, subsequent purchases in Class A shares will be subject to applicable sales charges
|
•
|
Individuals transferring assets held in a SIMPLE IRA, SEP, or SARSEP invested in John Hancock funds directly to an IRA
|
•
|
Individuals converting assets held in an IRA, SIMPLE IRA, SEP, or SARSEP invested in John Hancock funds directly to a Roth IRA
|
•
|
Individuals recharacterizing assets from an IRA, Roth IRA, SEP, SARSEP, or SIMPLE IRA invested in John Hancock funds back to the original account type from which they were converted
|
•
|
Participants in group retirement plans that are eligible and permitted to purchase Class A shares as described in the “Choosing an eligible share class” section above. This waiver is contingent upon the group retirement plan being in a recordkeeping arrangement and does not apply to group retirement plans transacting business with the fund through a brokerage relationship in which sales charges are customarily imposed, unless such brokerage relationship qualifies for a sales charge waiver as described. In addition, this waiver does not apply to a group retirement plan that leaves its current recordkeeping arrangement and subsequently transacts business with the fund through a brokerage relationship in which sales charges are customarily imposed. Whether a sales charge waiver is available to your group retirement plan through its record keeper depends upon the policies and procedures of your intermediary. Please consult your financial professional for further information
|
•
|
Retirement plans participating in PruSolutionsSM programs
|
•
|
Terminating participants in a pension, profit-sharing, or other plan qualified under Section 401(a) of the Code, or described in Section 457(b) of the Code, (i) that is funded by certain John Hancock group annuity contracts, (ii) for which John Hancock Trust Company serves as trustee or custodian, or (iii) the trustee or custodian of which has retained John Hancock Retirement Plan Services (“RPS”) as a service provider, rolling over assets (directly or within 60 days after
|
distribution) from such a plan (or from a John Hancock Managed IRA or John Hancock Annuities IRA into which such assets have already been rolled over) to a John Hancock custodial IRA or John Hancock custodial Roth IRA that invests in John Hancock funds, or the subsequent establishment of or any rollover into a new John Hancock fund account by such terminating participants and/or their Immediate Family (as defined in the SAI), including subsequent investments into such accounts, and that are held directly at John Hancock funds or at the John Hancock Personal Financial Services (“PFS”) Financial Center
|
•
|
Participants in a terminating pension, profit-sharing, or other plan qualified under Section 401(a) of the Code, or described in Section 457(b) of the Code (the assets of which, immediately prior to such plan’s termination, were (a) held in certain John Hancock group annuity contracts, (b) in trust or custody by John Hancock Trust Company, or (c) by a trustee or custodian which has retained John Hancock RPS as a service provider, but have been transferred from such contracts or trust funds and are held either: (i) in trust by a distribution processing organization; or (ii) in a custodial IRA or custodial Roth IRA sponsored by an authorized third-party trust company and made available through John Hancock), rolling over assets (directly or within 60 days after distribution) from such a plan to a John Hancock custodial IRA or John Hancock custodial Roth IRA that invests in John Hancock funds, or the subsequent establishment of or any rollover into a new John Hancock fund account by such participants and/or their Immediate Family (as defined in the SAI), including subsequent investments into such accounts, and that are held directly at John Hancock funds or at the PFS Financial Center
|
•
|
Participants actively enrolled in a John Hancock RPS plan account (or an account the trustee of which has retained John Hancock RPS as a service provider) rolling over or transferring assets into a new John Hancock custodial IRA or John Hancock custodial Roth IRA that invests in John Hancock funds through John Hancock PFS (to the extent such assets are otherwise prohibited from rolling over or transferring into such participant’s John Hancock RPS plan account), including subsequent investments into such accounts, and that are held directly at John Hancock funds or at the John Hancock PFS Financial Center
|
•
|
Individuals rolling over assets held in a John Hancock custodial 403(b)(7) account into a John Hancock custodial IRA account
|
•
|
Former employees/associates of John Hancock, its affiliates, or agencies rolling over (directly or indirectly within 60 days after distribution) to a new John Hancock custodial IRA or John Hancock custodial Roth IRA from the John Hancock Employee Investment-Incentive Plan (TIP), John Hancock Savings Investment Plan (SIP), or the John Hancock Pension Plan, and such participants and their Immediate Family (as defined in the SAI) subsequently establishing or rolling over assets into a new John Hancock account through the John Hancock PFS Group, including subsequent investments into such accounts, and that are held directly at John Hancock funds or at the John Hancock PFS Financial Center
|
•
|
A member of a class action lawsuit against insurance companies who is investing settlement proceeds
Existing client accounts in which Class ADV shares were redesignated as Class A shares by the fund. |
•
|
Exchanges from one John Hancock fund to the same class of any other John Hancock fund (see “Transaction policies” in this prospectus for additional details)
|
•
|
Dividend reinvestments (see “Dividends and account policies” in this prospectus for additional details)
|
•
|
In addition, the availability of certain sales charge waivers and discounts will depend on whether you purchase your shares directly from the fund or through a financial intermediary. Intermediaries may have different policies and procedures regarding the availability of front-end sales charge waivers or CDSC waivers (See Appendix 1 - Intermediary sales charge waivers, which includes information about specific sales charge waivers applicable to the intermediaries identified therein). In all instances, it is the purchaser’s responsibility to notify the fund or the purchaser’s financial intermediary at the time of purchase of any relationship or other facts qualifying the purchaser for sales charge waivers or discounts. For waivers and discounts not available through a particular intermediary, shareholders will have to purchase fund shares directly from the fund or through another intermediary to receive these waivers or discounts.
|
1 | Read this prospectus carefully. |
2 | Determine if you are eligible by referring to “Choosing an eligible share class.” |
3 | Determine how much you want to invest. There is no minimum initial investment to purchase Class R2 or Class R4 shares. The minimum initial investments for Class A, Class C, Class I, and Class R6 shares are described below. There are no subsequent minimum investment requirements for these share classes. |
Share Class
|
Minimum initial investment
|
Class A and Class C
|
$1,000 ($250 for group investments). However, there is no minimum initial investment for certain group retirement plans using salary deduction or similar group methods of payment, for fee-based or wrap accounts of selling firms that have executed a fee-based or wrap agreement with the distributor, or for certain other eligible investment product platforms.
|
Share Class
|
Minimum initial investment
|
Class I
|
$250,000. However, the minimum initial investment requirement may be waived, at the fund’s sole discretion, for investors in certain fee-based, wrap, or other investment platform programs, or in certain brokerage platforms where the intermediary is acting solely as an agent for the investor. The fund also may waive the minimum initial investment for other categories of investors at its discretion, including for Trustees, employees of the advisor or its affiliates, employees of the subadvisor, members of the fund’s portfolio management team and the spouses and children (under age 21) of the aforementioned.
|
Class R6
|
$1 million. However, there is no minimum initial investment requirement for: (i) qualified and nonqualified plan investors; (ii) certain eligible qualifying investment product platforms; or (iii) Trustees, employees of the advisor or its affiliates, employees of the subadvisor, members of the fund’s portfolio management team and the spouses and children (under age 21) of the aforementioned.
|
4 | All Class A, Class C, Class I, and Class R6 shareholders must complete the account application, carefully following the instructions. If you have any questions, please contact your financial professional or call Signature Services at 800-225-5291 for Class A and Class C shares or 888-972-8696 for Class I and Class R6 shares. |
5 | Eligible retirement plans generally may open an account and purchase Class R2 or Class R4 shares by contacting any broker-dealer or other financial service firm authorized to sell Class R2 or Class R4 shares of the fund. Additional shares may be purchased through a retirement plan’s administrator or recordkeeper. |
6 | For Class A and Class C shares, complete the appropriate parts of the account privileges application. By applying for privileges now, you can avoid the delay and inconvenience of having to file an additional application if you want to add privileges later. |
7 | For Class A, Class C, Class I, and Class R6 shares, make your initial investment using the instructions under “Buying shares.” You and your financial professional can initiate any purchase, exchange, or sale of shares. |
Opening an account
|
Adding to an account
|
By check
|
|
|
|
By exchange
|
|
|
|
By wire
|
|
|
|
By internet
|
|
|
|
By phone
|
|
|
To add to an account using the Monthly Automatic Accumulation Program, see “Additional investor services.”
|
Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
EASI-Line
(24/7 automated service) 800-338-8080 |
Signature Services, Inc.
800-225-5291 |
Opening an account
|
Adding to an account
|
By check
|
|
|
|
By exchange
|
|
|
|
By wire
|
|
|
|
By internet
|
|
|
|
By phone
|
|
|
|
Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
Signature Services, Inc.
888-972-8696 |
Opening an account
|
Adding to an account
|
By check
|
|
|
|
By exchange
|
|
|
|
By wire
|
|
|
|
By internet
|
|
|
|
By phone
|
|
|
|
Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
Signature Services, Inc.
888-972-8696 |
To sell some or all of your shares
|
|
By letter
|
|
|
|
By internet
|
|
|
|
By phone
|
|
|
|
By wire or electronic funds transfer (EFT)
|
|
|
|
By exchange
|
|
|
To sell shares through a systematic withdrawal plan, see “Additional investor services.”
|
Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
EASI-Line
(24/7 automated service) 800-338-8080 |
Signature Services, Inc.
800-225-5291 |
•
|
your address or bank of record has changed within the past 30 days, and you would like the payment to be sent to your new address or bank,
|
•
|
you are selling more than $100,000 worth of shares (this requirement is waived for certain entities operating under a signed fax trading agreement with John Hancock), or
|
•
|
you are requesting payment other than by a check mailed to the address/bank of record and payable to the registered owner(s).
|
Seller
|
Requirements for written requests
|
Owners of individual, joint, or UGMA/UTMA accounts (custodial accounts for minors)
|
|
Owners of corporate, sole proprietorship, general partner, or association accounts
|
|
Owners or trustees of trust accounts
|
|
Joint tenancy shareholders with rights of survivorship with deceased co-tenant(s)
|
|
Executors of shareholder estates
|
|
Administrators, conservators, guardians, and other sellers, or account types not listed above
|
|
Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
EASI-Line
(24/7 automated service) 800-338-8080 |
Signature Services, Inc.
800-225-5291 |
To sell some or all of your shares
|
|
By letter
|
|
|
|
By internet
|
|
|
|
By phone
|
|
Amounts up to $100,000:
Amounts up to $5 million:
|
|
By wire or electronic funds transfer (EFT)
|
|
|
|
By exchange
|
|
|
|
Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
Signature Services, Inc.
888-972-8696 |
•
|
your address or bank of record has changed within the past 30 days, and you would like the payment to be sent to your new address or bank;
|
•
|
you are selling more than $100,000 worth of shares and are requesting payment by check (this requirement is waived for certain entities operating under a signed fax trading agreement with John Hancock);
|
•
|
you are selling more than $5 million worth of shares from the following types of accounts: custodial accounts held by banks, trust companies, or broker-dealers; endowments and foundations; corporate accounts; group retirement plans; and pension accounts (excluding IRAs, 403(b) plans, and all John Hancock custodial retirement accounts); or
|
•
|
you are requesting payment other than by a check mailed to the address/bank of record and payable to the registered owner(s).
|
Seller
|
Requirements for written requests
|
Owners of individual, joint, or UGMA/UTMA accounts (custodial accounts for minors)
|
|
Owners of corporate, sole proprietorship, general partner, or association accounts
|
|
Owners or trustees of trust accounts
|
|
Joint tenancy shareholders with rights of survivorship with deceased co-tenant(s)
|
|
Executors of shareholder estates
|
|
Administrators, conservators, guardians, and other sellers, or account types not listed above
|
|
Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
Signature Services, Inc.
888-972-8696 |
To sell some or all of your shares
|
|
By letter
|
|
|
|
By internet
|
|
|
|
By phone
|
|
Amounts up to $5 million:
|
|
By wire or electronic funds transfer (EFT)
|
|
|
|
By exchange
|
|
|
|
Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
Signature Services, Inc.
888-972-8696 |
•
|
your address or bank of record has changed within the past 30 days, and you would like the payment to be sent to your new address or bank;
|
•
|
you are selling more than $100,000 worth of shares and are requesting payment by check (this requirement is waived for certain entities operating under a signed fax trading agreement with John Hancock);
|
•
|
you are selling more than $5 million worth of shares from the following types of accounts: custodial accounts held by banks, trust companies, or broker-dealers; endowments and foundations; corporate accounts; and group retirement plans; or
|
•
|
you are requesting payment other than by a check mailed to the address/bank of record and payable to the registered owner(s).
|
Seller
|
Requirements for written requests
|
Owners of individual, joint, or UGMA/UTMA accounts (custodial accounts for minors)
|
|
Owners of corporate, sole proprietorship, general partner, or association accounts
|
|
Owners or trustees of trust accounts
|
|
Joint tenancy shareholders with rights of survivorship with deceased co-tenant(s)
|
|
Executors of shareholder estates
|
|
Administrators, conservators, guardians, and other sellers, or account types not listed above
|
|
Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
Signature Services, Inc.
888-972-8696 |
•
|
A fund that invests a significant portion of its assets in small- or mid-capitalization stocks or securities in particular industries that may trade infrequently or are fair valued as discussed under “Valuation of securities” entails a greater risk of excessive trading, as investors may seek to trade fund shares in an effort to benefit from their understanding of the value of those types of securities (referred to as price arbitrage).
|
•
|
A fund that invests a material portion of its assets in securities of foreign issuers may be a potential target for excessive trading if investors seek to engage in price arbitrage based upon general trends in the securities markets that occur subsequent to the close of the primary market for such securities.
|
•
|
A fund that invests a significant portion of its assets in below-investment-grade (junk) bonds that may trade infrequently or are fair valued as discussed under “Valuation of securities” incurs a greater risk of excessive trading, as investors may seek to trade fund
|
shares in an effort to benefit from their understanding of the value of those types of securities (referred to as price arbitrage).
|
•
|
after every transaction (except a dividend reinvestment, automatic investment, or systematic withdrawal) that affects your account balance
|
•
|
after any changes of name or address of the registered owner(s)
|
•
|
in all other circumstances, every quarter
|
•
|
after every transaction (except a dividend reinvestment) that affects your account balance
|
•
|
after any changes of name or address of the registered owner(s)
|
•
|
in all other circumstances, every quarter
|
•
|
Make sure you have at least $5,000 worth of shares in your account.
|
•
|
Make sure you are not planning to invest more money in this account (buying shares during a period when you are also selling shares of the same fund is not advantageous to you because of sales charges).
|
•
|
Specify the payee(s). The payee may be yourself or any other party, and there is no limit to the number of payees you may have, as long as they are all on the same payment schedule.
|
•
|
Determine the schedule: monthly, quarterly, semiannually, annually, or in certain selected months.
|
•
|
Fill out the relevant part of the account application. To add a systematic withdrawal plan to an existing account, contact your financial professional or Signature Services.
|
•
|
Employer-sponsored retirement, deferred compensation and employee benefit plans (including health savings accounts) and trusts used to fund those plans, provided that the shares are not held in a commission-based brokerage account and shares are held for the benefit of the plan
|
•
|
Shares purchased by a 529 Plan (does not include 529 Plan units or 529-specific share classes or equivalents)
|
•
|
Shares purchased through a Merrill Lynch affiliated investment advisory program
|
•
|
Shares exchanged due to the holdings moving from a Merrill Lynch affiliated investment advisory program to a Merrill Lynch brokerage (non-advisory) account pursuant to Merrill Lynch’s policies relating to sales load discounts and waivers
|
•
|
Shares purchased by third party investment advisors on behalf of their advisory clients through Merrill Lynch’s platform
|
•
|
Shares of funds purchased through the Merrill Edge Self-Directed platform (if applicable)
|
•
|
Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund (but not any other fund within the fund family)
|
•
|
Shares exchanged from Class C (i.e. level-load) shares of the same fund pursuant to Merrill Lynch’s policies relating to sales load discounts and waivers
|
•
|
Employees and registered representatives of Merrill Lynch or its affiliates and their family members
|
•
|
Directors or Trustees of the fund, and employees of the fund’s investment adviser or any of its affiliates, as described in the prospectus
|
•
|
Eligible shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (known as Rights of Reinstatement). Automated transactions (i.e. systematic purchases and withdrawals) and purchases made after shares are automatically sold to pay Merrill Lynch’s account maintenance fees are not eligible for reinstatement
|
•
|
Death or disability of the shareholder
|
•
|
Shares sold as part of a systematic withdrawal plan as described in the fund’s prospectus
|
•
|
Return of excess contributions from an IRA Account
|
•
|
Shares sold as part of a required minimum distribution for IRA and retirement accounts pursuant to the Internal Revenue Code
|
•
|
Shares sold to pay Merrill Lynch fees but only if the transaction is initiated by Merrill Lynch
|
•
|
Shares acquired through a Right of Reinstatement
|
•
|
Shares held in retirement brokerage accounts, that are exchanged for a lower cost share class due to transfer to certain fee based accounts or platforms (applicable to Class A and Class C shares only)
|
•
|
Shares received through an exchange due to the holdings moving from a Merrill Lynch affiliated investment advisory program to a Merrill Lynch brokerage (non-advisory) account pursuant to Merrill Lynch’s policies relating to sales load discounts and waivers
|
•
|
Breakpoints as described in the fund’s prospectus
|
•
|
Rights of Accumulation (ROA) which entitle shareholders to breakpoint discounts as described in the fund’s prospectus will be automatically calculated based on the aggregated holding of fund family assets held by accounts (including 529 program holdings where applicable) within the purchaser’s household at Merrill Lynch. Eligible fund family assets not held at Merrill Lynch may be included in the ROA calculation only if the shareholder notifies his or her financial professional about such assets
|
•
|
Letters of Intent (LOI) which allow for breakpoint discounts based on anticipated purchases within a fund family, through Merrill Lynch, over a 13-month period of time (if applicable)
|
•
|
Employer-sponsored retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans). For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs or SAR-SEPs
|
•
|
Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund (but not any other fund within the same fund family)
|
•
|
Shares exchanged from Class C shares of the same fund in the month of or following the 7-year anniversary of the purchase date. To the extent that this prospectus elsewhere provides for a waiver with respect to exchanges of Class C shares or conversion of Class C shares following a shorter holding period, that waiver will apply
|
•
|
Employees and registered representatives of Ameriprise Financial or its affiliates and their immediate family members
|
•
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Shares purchased by or through qualified accounts (including IRAs, Coverdell Education Savings Accounts, 401(k)s, 403(b) TSCAs subject to ERISA and defined benefit plans) that are held by a covered family member, defined as an Ameriprise financial advisor and/or the advisor’s spouse, advisor’s lineal ascendant (mother, father, grandmother, grandfather, great grandmother, great grandfather), advisor’s lineal descendant (son, step-son, daughter, step-daughter, grandson, granddaughter, great grandson, great granddaughter) or any spouse of a covered family member who is a lineal descendant
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Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (i.e. Rights of Reinstatement)
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Employer-sponsored retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans). For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs, SAR-SEPs or Keogh plans
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Morgan Stanley employee and employee-related accounts according to Morgan Stanley’s account linking rules
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Shares purchased through reinvestment of dividends and capital gains distributions when purchasing shares of the same fund
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Shares purchased through a Morgan Stanley self-directed brokerage account
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Class C (i.e., level-load) shares that are no longer subject to a contingent deferred sales charge and are converted to Class A shares of the same fund by Morgan Stanley Wealth Management pursuant to its share class conversion program
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Shares purchased from the proceeds of redemptions within the same fund family, provided (i) the repurchase occurs within 90 days following the redemption, (ii) the redemption and purchase occur in the same account, and (iii) redeemed shares were subject to a front-end or deferred sales charge
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Shares purchased in an investment advisory program
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Shares purchased within the same fund family through a systematic reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund
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Employees and registered representatives of Raymond James or its affiliates and their family members as designated by Raymond James
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Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (known as Rights of Reinstatement)
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A shareholder in the fund’s Class C shares will have their shares converted at net asset value to Class A shares (or the appropriate share class) of the fund if the shares are no longer subject to a CDSC and the conversion is in line with the policies and procedures of Raymond James
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Death or disability of the shareholder
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Shares sold as part of a systematic withdrawal plan as described in the fund’s prospectus
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Return of excess contributions from an IRA Account
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Shares sold as part of a required minimum distribution for IRA and retirement accounts due to the shareholder reaching the qualified age based on applicable IRS regulations as described in the fund’s prospectus
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Shares sold to pay Raymond James fees but only if the transaction is initiated by Raymond James
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Shares acquired through a right of reinstatement
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Breakpoints as described in the fund’s prospectus
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Rights of accumulation which entitle shareholders to breakpoint discounts will be automatically calculated based on the aggregated holding of fund family assets held by accounts within the purchaser’s household at Raymond James. Eligible fund family assets not held at Raymond James may be included in the calculation of rights of accumulation only if the shareholder notifies his or her financial professional about such assets
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Letters of intent which allow for breakpoint discounts based on anticipated purchases within a fund family, over a 13-month time period. Eligible fund family assets not held at Raymond James may be included in the calculation of letters of intent only if the shareholder notifies his or her financial professional about such assets
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Associates of Edward Jones and its affiliates and their family members who are in the same pricing group (as determined by Edward Jones under its policies and procedures) as the associate. This waiver will continue for the remainder of the associate’s life if the associate retires from Edward Jones in good-standing and remains in good standing pursuant to Edward Jones’ policies and procedures
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Shares purchased in an Edward Jones fee-based program
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Shares purchased through reinvestment of capital gains distributions and dividend reinvestment
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Shares purchased from the proceeds of redeemed shares of the same fund family so long as the following conditions are met: 1) the proceeds are from the sale of shares within 60 days of the purchase, and 2) the sale and purchase are made in the same share class and the same account or the purchase is made in an individual retirement account with proceeds from liquidations in a non-retirement account
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Shares exchanged into Class A shares from another share class so long as the exchange is into the same fund and was initiated at the discretion of Edward Jones. Edward Jones is responsible for any remaining CDSC due to the fund company, if applicable. Any future purchases are subject to the applicable sales charge as disclosed in the prospectus
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Exchanges from Class C shares to Class A shares of the same fund, generally, in the 84th month following the anniversary of the purchase date or earlier at the discretion of Edward Jones
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Shares sold upon the death or disability of the shareholder
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Shares sold as part of a systematic withdrawal plan (limited to up to 10% per year of the account value)
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Return of excess contributions from an Individual Retirement Account (IRA)
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Shares sold as part of a required minimum distribution for IRA and retirement accounts if the redemption is taken in or after the year the shareholder reaches qualified age based on applicable IRS regulations
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Shares sold to pay Edward Jones fees or costs in such cases where the transaction is initiated by Edward Jones
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Shares exchanged at Edward Jones’ discretion in an Edward Jones fee-based program. In such circumstances, Edward Jones is responsible for any remaining CDSC due to the fund company, if applicable
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Shares acquired through a right of reinstatement
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Shares redeemed at the discretion of Edward Jones for Minimum Balances, as described below
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Breakpoint pricing, otherwise known as volume pricing, at dollar thresholds, as described in this prospectus
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•
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Rights of Accumulation (ROA). The applicable sales charge on a purchase of Class A shares is determined by taking into account all share classes (except certain money market funds and any assets held in group retirement plans) of the fund family held by the shareholder or in an account grouped by Edward Jones with other accounts for the purpose of providing certain pricing considerations (pricing groups). If grouping assets as a shareholder, this includes all share classes held on the Edward Jones platform and/or held on another platform. The inclusion of eligible fund family assets in the ROA calculation is dependent on the shareholder notifying Edward Jones of such assets at the time of calculation. The employer maintaining a SEP IRA plan and/or SIMPLE IRA plan may elect to establish or change ROA for the IRA accounts associated with the plan to a plan-level grouping as opposed to including all share classes at a shareholder or pricing group level. ROA is determined by calculating the higher of cost minus redemptions or market value (current shares x NAV). Money market funds are included only if such shares were sold with a sales charge at the time of purchase or acquired in exchange for shares purchased with a sales charge
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Letter of Intent (LOI). Through a LOI, shareholders can receive the sales charge and breakpoint discounts for purchases shareholders intend to make over a 13-month period from the date Edward Jones receives the LOI. The LOI is determined by calculating the higher of cost or market value of qualifying holdings at LOI initiation in combination with the value that the shareholder intends to buy over a 13-month period to calculate the front-end sales charge and any breakpoint discounts. Each purchase the shareholder makes during that 13-month period will receive the sales charge and breakpoint discount that applies to the total amount. The inclusion of eligible fund family assets in the LOI calculation is dependent on the shareholder notifying Edward Jones of such assets at the time of calculation. Purchases made before the LOI is received by Edward Jones are not adjusted under the LOI and will not reduce the sales charge previously paid. Sales charges will be adjusted if LOI is not met. If the employer maintaining a SEP IRA plan and/or SIMPLE IRA plan has elected to establish or change ROA for the IRA accounts associated with the plan to a plan-level grouping, LOIs will also be at the plan-level and may only be established by the employer
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•
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Initial purchase minimum: $250
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Subsequent purchase minimum: none
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•
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Edward Jones has the right to redeem at its discretion fund holdings with a balance of $250 or less. The following are examples of accounts that are not included in this policy:
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A fee-based account held on an Edward Jones platform
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•
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A 529 account held on an Edward Jones platform
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An account with an active systematic investment plan or LOI
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•
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At any time it deems necessary, Edward Jones has the authority to exchange at NAV a shareholder’s holdings in a fund to Class A shares of the same fund
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Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund (but not any other fund within the fund family)
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•
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Shares purchased by employees and registered representatives of Janney or its affiliates and their family members as designated by Janney
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•
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Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within ninety (90) days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (i.e., right of reinstatement)
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•
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Employer-sponsored retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans). For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs, SAR-SEPs or Keogh plans
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•
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Shares acquired through a right of reinstatement
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Class C shares that are no longer subject to a contingent deferred sales charge and are converted to Class A shares of the same fund pursuant to Janney’s policies and procedures
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Shares sold upon the death or disability of the shareholder
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•
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Shares sold as part of a systematic withdrawal plan as described in the fund’s prospectus
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Shares purchased in connection with a return of excess contributions from an IRA account
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Shares sold as part of a required minimum distribution for IRA and retirement accounts if the redemption is taken in or after the year the shareholder reaches qualified age based on applicable IRS regulations
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Shares sold to pay Janney fees but only if the transaction is initiated by Janney
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Shares acquired through a right of reinstatement
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Shares exchanged into the same share class of a different fund
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•
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Breakpoints as described in the fund’s prospectus
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Rights of accumulation (ROA), which entitle shareholders to breakpoint discounts, will be automatically calculated based on the aggregated holding of fund family assets held by accounts within the purchaser’s household at Janney. Eligible fund family assets not held at Janney may be included in the ROA calculation only if the shareholder notifies his or her financial professional about such assets
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•
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Letters of intent which allow for breakpoint discounts based on anticipated purchases within a fund family, over a 13-month time period. Eligible fund family assets not held at Janney may be included in the calculation of letters of intent only if the shareholder notifies his or her financial professional about such assets
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•
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Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund
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•
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Shares purchased by employees and registered representatives of Baird or its affiliates and their family members as designated by Baird
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•
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Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales charge (known as rights of reinstatement)
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Class C shares will be converted at net asset value to Class A shares of the same fund if the shares are no longer subject to CDSC and the conversion is in line with the policies and procedures of Baird
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•
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Employer-sponsored retirement plans or charitable accounts in a transactional brokerage account at Baird, including 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans. For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs or SAR-SEPs
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Shares sold due to death or disability of the shareholder
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Shares sold as part of a systematic withdrawal plan as described in the fund’s prospectus
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Shares bought due to returns of excess contributions from an IRA Account
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Shares sold as part of a required minimum distribution for IRA and retirement accounts due to the shareholder reaching the qualified age based on applicable IRS regulations as described in the fund’s prospectus
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•
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Shares sold to pay Baird fees but only if the transaction is initiated by Baird
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•
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Shares acquired through a right of reinstatement
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•
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Breakpoints as described in this prospectus
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•
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Rights of accumulations which entitle shareholders to breakpoint discounts will be automatically calculated based on the aggregated holdings of fund family assets held by accounts within the purchaser’s household at Baird. Eligible fund family assets not held at Baird may be included in the rights of accumulations calculation only if the shareholder notifies his or her financial advisor about such assets
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Letters of Intent (LOI) allow for breakpoint discounts based on anticipated purchases within the fund family through Baird, over a 13-month period of time
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•
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Class C shares that have been held for more than seven (7) years converted to Class A shares of the same fund pursuant to Stifel’s policies and procedures.
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© 2022 John Hancock Investment Management Distributors LLC, Member FINRA, SIPC
200 Berkeley Street Boston, MA 02116 800-225-5291, jhinvestments.com Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by its affiliates under license.
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SEC file number: 811-21777
3630PN 8/1/22 |
A
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C
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I
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R2
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R6
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JGYAX
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JGYCX
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JGYIX
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JGSRX
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JGRSX
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Fund summary
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The summary section is a concise look at the investment objective, fees and expenses, principal investment strategies, principal risks, past performance, and investment management.
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Fund details
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More about topics covered in the summary section, including descriptions of the investment strategies and various risk factors that investors should understand before investing.
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Your account
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How to place an order to buy, sell, or exchange shares, as well as information about the business policies and any distributions that may be paid.
For more information See back cover |
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A
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C
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I
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R2
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R6
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Maximum front-end sales charge (load) on purchases, as a % of purchase price
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Maximum deferred sales charge (load) as a % of purchase or sale price, whichever is less
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(on certain purchases, including those of $1 million or more) |
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Small account fee (for fund account balances under $1,000) ($)
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A
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C
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I
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R2
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R6
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Management fee
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Distribution and service (Rule 12b-1) fees
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Other expenses
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Service plan fee
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1
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Additional other expenses
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Total other expenses
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Total annual fund operating expenses
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Contractual expense reimbursement2
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-
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-
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-
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-
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-
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Total annual fund operating expenses after expense reimbursements
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1 | “Service plan fee” has been restated to reflect maximum allowable fees. |
2 | The advisor contractually agrees to reduce its management fee or, if necessary, make payment to the applicable class in an amount equal to the amount by which expenses of Class A, Class C, Class I, Class R2 and Class R6 shares, as applicable, exceed 1.09%, 1.84%, 0.84%, 1.24% and 0.74%, respectively, of the fund’s average daily net assets attributable to the applicable class. For purposes of this agreement, “expenses of Class A, Class C, Class I, Class R2 and Class R6 shares” means all class expenses (including fund expenses attributable to the class), excluding (a) taxes; (b) portfolio brokerage commissions; (c) interest expense; (d) litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the fund’s business; (e) acquired fund fees and expenses paid indirectly; and (f) short dividend expense. The agreement expires on July 31, 2023, unless renewed by mutual agreement of the fund and the advisor based upon a determination that this is appropriate under the circumstances at that time. The advisor also contractually agrees to waive a portion of its management fee and/or reimburse expenses for the fund and certain other John Hancock funds according to an asset level breakpoint schedule that is based on the aggregate net assets of all the funds participating in the waiver or reimbursement. This waiver is allocated proportionally among the participating funds. During its most recent fiscal year, the fund’s reimbursement amounted to 0.01% of the fund’s average daily net assets. This agreement expires on |
Expenses ($)
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A
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C
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I
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R2
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R6
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1 year
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3 years
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5 years
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10 years
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1 year
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5 year
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10 year
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Class A (before tax)
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after tax on distributions
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after tax on distributions, with sale
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Class C
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Class I
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Class R2
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Class R6
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MSCI World Index (reflects no deduction for fees, expenses, or taxes, except foreign withholding taxes on dividends)
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William W. Priest, CFA
Portfolio Manager Managed the fund since 2007 |
John Tobin, Ph.D., CFA
Portfolio Manager Managed the fund since 2014 |
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Kera Van Valen, CFA
Portfolio Manager Managed the fund since 2014 |
Michael A. Welhoelter, CFA
Portfolio Manager Managed the fund since 2007 |
Growth investment style risk. Certain equity securities (generally referred to as growth securities) are purchased primarily because a manager believes that these securities will experience relatively rapid earnings growth. Growth securities typically trade at higher multiples of current earnings than other securities. Growth securities are often more sensitive to market fluctuations than other securities because their market prices are highly sensitive to future earnings expectations. At times when it appears that these expectations may not be met, growth stock prices typically fall.
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Value investment style risk. Certain equity securities (generally referred to as value securities) are purchased primarily because they are selling at prices below what the manager believes to be their fundamental value and not necessarily because the issuing companies are expected to experience significant earnings growth. The fund bears the risk that the companies that issued these securities may not overcome the adverse business developments or other factors causing their securities to be perceived by the manager to be underpriced or that the market may never come to recognize their fundamental value. A value security may not increase in price, as anticipated by the manager investing in such securities, if other investors fail to recognize the company’s value and bid up the price or invest in markets favoring faster growing companies. The fund’s strategy of investing in value securities also carries the risk that in certain markets, value securities will underperform growth
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securities. In addition, securities issued by U.S. entities with substantial foreign operations may involve risks relating to economic, political or regulatory conditions in foreign countries.
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Interest-rate risk. Fixed-income securities are affected by changes in interest rates. When interest rates decline, the market value of fixed-income securities generally can be expected to rise. Conversely, when interest rates rise, the market value of fixed-income securities generally can be expected to decline. The longer the duration or maturity of a fixed-income security, the more susceptible it is to interest-rate risk. Duration is a measure of the
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price sensitivity of a debt security, or a fund that invests in a portfolio of debt securities, to changes in interest rates, whereas the maturity of a security measures the time until final payment is due. Duration measures sensitivity more accurately than maturity because it takes into account the time value of cash flows generated over the life of a debt security. Recent and potential future changes in government monetary policy may affect interest rates.
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The fixed-income securities market has been and may continue to be negatively affected by the coronavirus (COVID-19) pandemic. As with other serious economic disruptions, governmental authorities and regulators responded with significant fiscal and monetary policy changes, including considerably lowering interest rates, which, in some cases could result in negative interest rates. These actions, including their possible unexpected or sudden reversal or potential ineffectiveness, could further increase volatility in securities and other financial markets and reduce market liquidity. To the extent the fund has a bank deposit or holds a debt instrument with a negative interest rate to maturity, the fund would generate a negative return on that investment. Similarly, negative rates on investments by money market funds and similar cash management products could lead to losses on investments, including on investments of the fund’s uninvested cash. When the Fed “tapers” or reduces the amount of securities it purchases pursuant to its quantitative easing program, and/or raises the federal funds rate, there is a risk that interest rates will rise, which could expose fixed-income and related markets to heightened volatility and could cause the value of a fund’s investments, and the fund’s net asset value (NAV), to decline, potentially suddenly and significantly, which may negatively impact the fund’s performance.
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Credit quality risk. Fixed-income securities are subject to the risk that the issuer of the security will not repay all or a portion of the principal borrowed and will not make all interest payments. If the credit quality of a fixed-income security deteriorates after a fund has purchased the security, the market value of the security may decrease and lead to a decrease in the value of the fund’s investments. An issuer’s credit quality could deteriorate as a result of poor management decisions, competitive pressures, technological obsolescence, undue reliance on suppliers, labor issues, shortages, corporate restructurings, fraudulent disclosures, or other factors. Funds that may invest in lower-rated fixed-income securities, commonly referred to as junk securities, are riskier than funds that may invest in higher-rated fixed-income securities.
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Investment-grade fixed-income securities in the lowest rating category risk. Investment-grade fixed-income securities in the lowest rating category (such as Baa by Moody’s Investors Service, Inc. or BBB by S&P Global Ratings or Fitch Ratings, as applicable, and comparable unrated securities) involve a higher degree of risk than fixed-income securities in the higher rating categories. While such securities are considered investment-grade quality and are deemed to have adequate capacity for payment of principal and interest, such securities lack outstanding investment characteristics and have speculative characteristics as well. For example, changes in economic conditions or other circumstances are more likely to lead to a weakened capacity to make principal and interest payments than is the case with higher-grade securities.
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Prepayment of principal risk. Many types of debt securities, including floating-rate loans, are subject to prepayment risk. Prepayment risk is the risk that, when interest rates fall, certain types of obligations will be paid off by the borrower more quickly than originally anticipated and the fund may have to invest the proceeds in securities with lower yields. Securities subject to prepayment risk can offer less potential for gains when the credit quality of the issuer improves.
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Emerging-market risk. Investments in the securities of issuers based in countries with emerging-market economies are subject to greater levels of risk and uncertainty than investments in more-developed foreign markets, since emerging-market securities
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may present market, credit, currency, liquidity, legal, political, and other risks greater than, or in addition to, the risks of investing in developed foreign countries. These risks include high currency exchange-rate fluctuations; increased risk of default (including both government and private issuers); greater social, economic, and political uncertainty and instability (including the risk of war); more substantial governmental involvement in the economy; less governmental supervision and regulation of the securities markets and participants in those markets; controls on foreign investment and limitations on repatriation of invested capital and on a fund’s ability to exchange local currencies for U.S. dollars; unavailability of currency hedging techniques in certain emerging-market countries; the fact that companies in emerging-market countries may be newly organized, smaller, and less seasoned; the difference in, or lack of, auditing and financial reporting requirements or standards, which may result in the unavailability of material information about issuers; different clearance and settlement procedures, which may be unable to keep pace with the volume of securities transactions or otherwise make it difficult to engage in such transactions; difficulties in obtaining and/or enforcing legal judgments against non-U.S. companies and non-U.S. persons, including company directors and officers, in foreign jurisdictions; and significantly smaller market capitalizations of emerging-market issuers. In addition, shareholders of emerging market issuers, such as the fund, often have limited rights and few practical remedies in emerging markets. Finally, the risks associated with investments in emerging markets often are significant, and vary from jurisdiction to jurisdiction and company to company.
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Currency risk. Currency risk is the risk that fluctuations in exchange rates may adversely affect the U.S. dollar value of a fund’s investments. Currency risk includes both the risk that currencies in which a fund’s investments are traded, or currencies in which a fund has taken an active investment position, will decline in value relative to the U.S. dollar and, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly for a number of reasons, including the forces of supply and demand in the foreign exchange markets, actual or perceived changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign governments or central banks, or currency controls or political developments in the United States or abroad. Certain funds may engage in proxy hedging of currencies by entering into derivative transactions with respect to a currency whose value is expected to correlate to the value of a currency the fund owns or wants to own. This presents the risk that the two currencies may not move in relation to one another as expected. In that case, the fund could lose money on its investment and also lose money on the position designed to act as a proxy hedge. Certain funds may also take active currency positions and may cross-hedge currency exposure represented by their securities into another foreign currency. This may result in a fund’s currency exposure being substantially different than that suggested by its securities investments. All funds with foreign currency holdings and/or that invest or trade in securities denominated in foreign currencies or related derivative instruments may be adversely affected by changes in foreign currency exchange rates. Derivative foreign currency transactions (such as futures,
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forwards, and swaps) may also involve leveraging risk, in addition to currency risk. Leverage may disproportionately increase a fund’s portfolio losses and reduce opportunities for gain when interest rates, stock prices, or currency rates are changing.
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Futures contracts. Counterparty risk, liquidity risk (i.e., the inability to enter into closing transactions), and risk of disproportionate loss are the principal risks of engaging in transactions involving futures contracts.
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Options. Counterparty risk, liquidity risk (i.e., the inability to enter into closing transactions), and risk of disproportionate loss are the principal risks of engaging in transactions involving options. Counterparty risk does not apply to exchange-traded options.
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Risk to principal and income. Investing in lower-rated fixed-income securities is considered speculative. While these securities generally provide greater income potential than investments in higher-rated securities, there is a greater risk that
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principal and interest payments will not be made. Issuers of these securities may even go into default or become bankrupt.
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Price volatility. The price of lower-rated fixed-income securities may be more volatile than securities in the higher-rating categories. This volatility may increase during periods of economic uncertainty or change. The price of these securities is affected more than higher-rated fixed-income securities by the market’s perception of their credit quality, especially during times of adverse publicity. In the past, economic downturns or increases in interest rates have, at times, caused more defaults by issuers of these securities and may do so in the future. Economic downturns and increases in interest rates have an even greater effect on highly leveraged issuers of these securities.
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Liquidity. The market for lower-rated fixed-income securities may have more limited trading than the market for investment-grade fixed-income securities. Therefore, it may be more difficult to sell these securities, and these securities may have to be sold at prices below their market value in order to meet redemption requests or to respond to changes in market conditions.
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Dependence on manager’s own credit analysis. While a manager may rely on ratings by established credit rating agencies, it will also supplement such ratings with its own independent review of the credit quality of the issuer. Therefore, the assessment of the credit risk of lower-rated fixed-income securities is more dependent on the manager’s evaluation than the assessment of the credit risk of higher-rated securities.
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Additional risks regarding lower-rated corporate fixed-income securities. Lower-rated corporate fixed-income securities (and comparable unrated securities) tend to be more sensitive to individual corporate developments and changes in economic conditions than higher-rated corporate fixed-income securities. Issuers of lower-rated corporate fixed-income securities may also be highly leveraged, increasing the risk that principal and income will not be repaid.
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Additional risks regarding lower-rated foreign government fixed-income securities. Lower-rated foreign government fixed-income securities are subject to the risks of investing in foreign countries described under “Foreign securities risk.” In addition, the ability and willingness of a foreign government to make payments on debt when due may be affected by the prevailing economic and political conditions within the country. Emerging-market countries may experience high inflation, interest rates, and unemployment, as well as exchange-rate fluctuations which adversely affect trade and political uncertainty or instability. These factors increase the risk that a foreign government will not make payments when due.
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Average daily net assets
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Annual rate
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All assets
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0.80%
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•
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Portfolio Manager
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•
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Managed the fund since 2007
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Founder, Co-Chief Investment Officer, Executive Chairman, and Portfolio Manager since 2004
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•
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Joined Epoch in 2004
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•
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Began investment career in 1965
|
•
|
Portfolio Manager
|
•
|
Managed the fund since 2014
|
•
|
Managing Director, Portfolio Manager, and Senior Research Analyst at Epoch since 2012
|
•
|
Joined Epoch in 2012
|
•
|
Began investment career in 1981
|
•
|
Portfolio Manager
|
•
|
Managed the fund since 2014
|
•
|
Managing Director, Portfolio Manager, and Senior Research Analyst at Epoch since 2014
|
•
|
Joined Epoch in 2008
|
•
|
Began investment career in 2001
|
•
|
Portfolio Manager
|
•
|
Managed the fund since 2007
|
•
|
Managing Director, Co-CIO, Portfolio Manager, and Head of Quantitative Research and Risk Management
|
•
|
Joined Epoch in 2005
|
•
|
Began investment career in 1986
|
Global Shareholder Yield Fund Class A Shares
|
|||||||
Per share operating performance
|
Period ended
|
3-31-22
|
3-31-21
|
3-31-20
|
3-31-19
|
3-31-18
1
|
2-28-18
|
Net asset value, beginning of period
|
$11.76
|
$8.62
|
$11.03
|
$11.14
|
$11.31
|
$10.78
|
|
Net investment income2
|
0.28
|
0.27
|
0.33
|
0.35
|
0.04
|
0.32
|
|
Net realized and unrealized gain (loss) on investments
|
0.86
|
3.16
|
(2.21
)
|
0.16
|
(0.16
)
|
0.53
|
|
Total from investment operations
|
1.14
|
3.43
|
(1.88
)
|
0.51
|
(0.12
)
|
0.85
|
|
Less distributions
|
|
|
|
|
|
|
|
From net investment income
|
(0.28
)
|
(0.29
)
|
(0.33
)
|
(0.35
)
|
(0.05
)
|
(0.32
)
|
|
From net realized gain
|
(0.98
)
|
—
|
(0.20
)
|
(0.27
)
|
—
|
—
|
|
Total distributions
|
(1.26
)
|
(0.29
)
|
(0.53
)
|
(0.62
)
|
(0.05
)
|
(0.32
)
|
|
Net asset value, end of period
|
$11.64
|
$11.76
|
$8.62
|
$11.03
|
$11.14
|
$11.31
|
|
Total return (%)3,4
|
10.05
|
40.22
|
(17.96
)
|
4.86
|
(1.03
)
5
|
7.87
|
|
Ratios and supplemental data
|
|
|
|
|
|
|
|
Net assets, end of period (in millions)
|
$327
|
$318
|
$257
|
$334
|
$348
|
$355
|
|
Ratios (as a percentage of average net assets):
|
|
|
|
|
|
|
|
Expenses before reductions
|
1.28
|
1.29
|
1.29
|
1.28
|
1.30
6
|
1.27
|
|
Expenses including reductions
|
1.09
|
1.09
|
1.09
|
1.09
|
1.09
6
|
1.09
|
|
Net investment income
|
2.32
|
2.58
|
2.96
|
3.18
|
3.78
6
|
2.85
|
|
Portfolio turnover (%)
|
24
|
30
|
33
|
16
|
2
|
19
|
1 | For the one-month period ended 3-31-18. The fund changed its fiscal year end from February 28 to March 31. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Does not reflect the effect of sales charges, if any. |
5 | Not annualized. |
6 | Annualized. |
Global Shareholder Yield Fund Class C Shares
|
|||||||
Per share operating performance
|
Period ended
|
3-31-22
|
3-31-21
|
3-31-20
|
3-31-19
|
3-31-18
1
|
2-28-18
|
Net asset value, beginning of period
|
$11.79
|
$8.64
|
$11.05
|
$11.16
|
$11.31
|
$10.78
|
|
Net investment income2
|
0.20
|
0.19
|
0.25
|
0.27
|
0.03
|
0.24
|
|
Net realized and unrealized gain (loss) on investments
|
0.85
|
3.17
|
(2.21
)
|
0.16
|
(0.15
)
|
0.52
|
|
Total from investment operations
|
1.05
|
3.36
|
(1.96
)
|
0.43
|
(0.12
)
|
0.76
|
|
Less distributions
|
|
|
|
|
|
|
|
From net investment income
|
(0.19
)
|
(0.21
)
|
(0.25
)
|
(0.27
)
|
(0.03
)
|
(0.23
)
|
|
From net realized gain
|
(0.98
)
|
—
|
(0.20
)
|
(0.27
)
|
—
|
—
|
|
Total distributions
|
(1.17
)
|
(0.21
)
|
(0.45
)
|
(0.54
)
|
(0.03
)
|
(0.23
)
|
|
Net asset value, end of period
|
$11.67
|
$11.79
|
$8.64
|
$11.05
|
$11.16
|
$11.31
|
|
Total return (%)3,4
|
9.19
|
39.22
|
(18.59
)
|
4.06
|
(1.05
)
5
|
6.98
|
|
Ratios and supplemental data
|
|
|
|
|
|
|
|
Net assets, end of period (in millions)
|
$20
|
$29
|
$44
|
$75
|
$107
|
$110
|
|
Ratios (as a percentage of average net assets):
|
|
|
|
|
|
|
|
Expenses before reductions
|
1.98
|
1.99
|
1.99
|
1.97
|
2.00
6
|
1.97
|
|
Expenses including reductions
|
1.84
|
1.84
|
1.84
|
1.84
|
1.84
6
|
1.84
|
|
Net investment income
|
1.63
|
1.89
|
2.27
|
2.49
|
3.03
6
|
2.11
|
|
Portfolio turnover (%)
|
24
|
30
|
33
|
16
|
2
|
19
|
1 | For the one-month period ended 3-31-18. The fund changed its fiscal year end from February 28 to March 31. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Does not reflect the effect of sales charges, if any. |
5 | Not annualized. |
6 | Annualized. |
Global Shareholder Yield Fund Class I Shares
|
|||||||
Per share operating performance
|
Period ended
|
3-31-22
|
3-31-21
|
3-31-20
|
3-31-19
|
3-31-18
1
|
2-28-18
|
Net asset value, beginning of period
|
$11.81
|
$8.65
|
$11.07
|
$11.18
|
$11.35
|
$10.82
|
|
Net investment income2
|
0.31
|
0.29
|
0.36
|
0.38
|
0.04
|
0.36
|
|
Net realized and unrealized gain (loss) on investments
|
0.86
|
3.18
|
(2.22
)
|
0.16
|
(0.15
)
|
0.51
|
|
Total from investment operations
|
1.17
|
3.47
|
(1.86
)
|
0.54
|
(0.11
)
|
0.87
|
|
Less distributions
|
|
|
|
|
|
|
|
From net investment income
|
(0.31
)
|
(0.31
)
|
(0.36
)
|
(0.38
)
|
(0.06
)
|
(0.34
)
|
|
From net realized gain
|
(0.98
)
|
—
|
(0.20
)
|
(0.27
)
|
—
|
—
|
|
Total distributions
|
(1.29
)
|
(0.31
)
|
(0.56
)
|
(0.65
)
|
(0.06
)
|
(0.34
)
|
|
Net asset value, end of period
|
$11.69
|
$11.81
|
$8.65
|
$11.07
|
$11.18
|
$11.35
|
|
Total return (%)3
|
10.28
|
40.65
|
(17.77
)
|
5.10
|
(0.96
)
4
|
8.10
|
|
Ratios and supplemental data
|
|
|
|
|
|
|
|
Net assets, end of period (in millions)
|
$377
|
$396
|
$605
|
$815
|
$881
|
$894
|
|
Ratios (as a percentage of average net assets):
|
|
|
|
|
|
|
|
Expenses before reductions
|
0.98
|
0.99
|
0.99
|
0.99
|
1.00
5
|
0.97
|
|
Expenses including reductions
|
0.84
|
0.84
|
0.84
|
0.84
|
0.84
5
|
0.84
|
|
Net investment income
|
2.59
|
2.78
|
3.22
|
3.44
|
4.03
5
|
3.12
|
|
Portfolio turnover (%)
|
24
|
30
|
33
|
16
|
2
|
19
|
1 | For the one-month period ended 3-31-18. The fund changed its fiscal year end from February 28 to March 31. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
Global Shareholder Yield Fund Class R2 Shares
|
|||||||
Per share operating performance
|
Period ended
|
3-31-22
|
3-31-21
|
3-31-20
|
3-31-19
|
3-31-18
1
|
2-28-18
|
Net asset value, beginning of period
|
$11.83
|
$8.66
|
$11.08
|
$11.19
|
$11.35
|
$10.82
|
|
Net investment income2
|
0.27
|
0.25
|
0.32
|
0.33
|
0.03
|
0.30
|
|
Net realized and unrealized gain (loss) on investments
|
0.85
|
3.19
|
(2.22
)
|
0.16
|
(0.14
)
|
0.53
|
|
Total from investment operations
|
1.12
|
3.44
|
(1.90
)
|
0.49
|
(0.11
)
|
0.83
|
|
Less distributions
|
|
|
|
|
|
|
|
From net investment income
|
(0.26
)
|
(0.27
)
|
(0.32
)
|
(0.33
)
|
(0.05
)
|
(0.30
)
|
|
From net realized gain
|
(0.98
)
|
—
|
(0.20
)
|
(0.27
)
|
—
|
—
|
|
Total distributions
|
(1.24
)
|
(0.27
)
|
(0.52
)
|
(0.60
)
|
(0.05
)
|
(0.30
)
|
|
Net asset value, end of period
|
$11.71
|
$11.83
|
$8.66
|
$11.08
|
$11.19
|
$11.35
|
|
Total return (%)3
|
9.82
|
40.19
|
(18.10
)
|
4.68
|
(0.98
)
4
|
7.68
|
|
Ratios and supplemental data
|
|
|
|
|
|
|
|
Net assets, end of period (in millions)
|
$1
|
$1
|
$1
|
$1
|
$1
|
$1
|
|
Ratios (as a percentage of average net assets):
|
|
|
|
|
|
|
|
Expenses before reductions
|
1.34
|
1.35
|
1.34
|
1.36
|
1.38
5
|
1.37
|
|
Expenses including reductions
|
1.21
|
1.23
|
1.22
|
1.22
|
1.24
5
|
1.24
|
|
Net investment income
|
2.20
|
2.45
|
2.86
|
3.02
|
3.62
5
|
2.62
|
|
Portfolio turnover (%)
|
24
|
30
|
33
|
16
|
2
|
19
|
1 | For the one-month period ended 3-31-18. The fund changed its fiscal year end from February 28 to March 31. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
Global Shareholder Yield Fund Class R6 Shares
|
|||||||
Per share operating performance
|
Period ended
|
3-31-22
|
3-31-21
|
3-31-20
|
3-31-19
|
3-31-18
1
|
2-28-18
|
Net asset value, beginning of period
|
$11.79
|
$8.64
|
$11.06
|
$11.16
|
$11.34
|
$10.81
|
|
Net investment income2
|
0.32
|
0.30
|
0.37
|
0.39
|
0.04
|
0.31
|
|
Net realized and unrealized gain (loss) on investments
|
0.86
|
3.17
|
(2.22
)
|
0.17
|
(0.16
)
|
0.57
|
|
Total from investment operations
|
1.18
|
3.47
|
(1.85
)
|
0.56
|
(0.12
)
|
0.88
|
|
Less distributions
|
|
|
|
|
|
|
|
From net investment income
|
(0.32
)
|
(0.32
)
|
(0.37
)
|
(0.39
)
|
(0.06
)
|
(0.35
)
|
|
From net realized gain
|
(0.98
)
|
—
|
(0.20
)
|
(0.27
)
|
—
|
—
|
|
Total distributions
|
(1.30
)
|
(0.32
)
|
(0.57
)
|
(0.66
)
|
(0.06
)
|
(0.35
)
|
|
Net asset value, end of period
|
$11.67
|
$11.79
|
$8.64
|
$11.06
|
$11.16
|
$11.34
|
|
Total return (%)3
|
10.40
|
40.72
|
(17.69
)
|
5.31
|
(1.03
)
4
|
8.22
|
|
Ratios and supplemental data
|
|
|
|
|
|
|
|
Net assets, end of period (in millions)
|
$278
|
$275
|
$245
|
$351
|
$477
|
$483
|
|
Ratios (as a percentage of average net assets):
|
|
|
|
|
|
|
|
Expenses before reductions
|
0.88
|
0.88
|
0.88
|
0.88
|
0.89
5
|
0.87
|
|
Expenses including reductions
|
0.74
|
0.74
|
0.74
|
0.74
|
0.74
5
|
0.74
|
|
Net investment income
|
2.68
|
2.94
|
3.34
|
3.57
|
4.13
5
|
2.61
|
|
Portfolio turnover (%)
|
24
|
30
|
33
|
16
|
2
|
19
|
1 | For the one-month period ended 3-31-18. The fund changed its fiscal year end from February 28 to March 31. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
•
|
The plan currently holds assets in Class A shares of the fund or any John Hancock fund;
|
•
|
Class A shares of the fund or any other John Hancock fund were established as an investment option under the plan prior to January 1, 2013, and the fund’s representatives have agreed that the plan may invest in Class A shares after that date;
|
•
|
Class A shares of the fund or any other John Hancock fund were established as a part of an investment model prior to January 1, 2013, and the fund’s representatives have agreed that plans utilizing such model may invest in Class A shares after that date; and
|
•
|
Such group retirement plans offered through an intermediary brokerage platform that does not require payments relating to the provisions of services to the fund, such as providing omnibus account services, transaction-processing services, or effecting portfolio transactions for the fund, that are specific to assets held in such group retirement plans and vary from such payments otherwise made for such services with respect to assets held in non-group retirement plan accounts.
|
•
|
Clients of financial intermediaries who: (i) charge such clients a fee for advisory, investment, consulting, or similar services; (ii) have entered into an agreement with the distributor to offer Class I shares through a no-load program or investment platform; or (iii) have entered into an agreement with the distributor to offer Class I shares to clients on certain brokerage platforms where the intermediary is acting solely as an agent for the investor who may be required to pay a commission and/or other forms of compensation to the intermediary. Other share classes of the fund have different fees and expenses.
|
•
|
Retirement and other benefit plans
|
•
|
Endowment funds, foundations, donor advised funds, and other charitable entities
|
•
|
Any state, county, or city, or its instrumentality, department, authority, or agency
|
•
|
Accounts registered to insurance companies, trust companies, and bank trust departments
|
•
|
Any entity that is considered a corporation for tax purposes
|
•
|
Investment companies, both affiliated and not affiliated with the advisor
|
•
|
Trustees, employees of the advisor or its affiliates, employees of the subadvisor, members of the fund’s portfolio management team and the spouses and children (under age 21) of the aforementioned
|
•
|
Qualified tuition programs under Section 529 (529 plans) of the Internal Revenue Code of 1986, as amended (the Code), distributed by John Hancock or one of its affiliates
|
•
|
Retirement plans, including pension, profit-sharing, and other plans qualified under Section 401(a) or described in Section 403(b) or 457 of the Code, and nonqualified deferred compensation plans
|
•
|
Retirement plans, Traditional and Roth IRAs, Coverdell Education Savings Accounts, SEPs, SARSEPs, and SIMPLE IRAs where the shares are held on the books of the fund through investment-only omnibus accounts (either at the plan level or at the level of the financial service firm) that trade through the National Securities Clearing Corporation (NSCC)
|
•
|
Qualified 401(a) plans (including 401(k) plans, Keogh plans, profit-sharing pension plans, money purchase pension plans, target benefit plans, defined benefit pension plans, and Taft-Hartley multi-employer pension plans) (collectively, qualified plans)
|
•
|
Endowment funds and foundations
|
•
|
Any state, county, or city, or its instrumentality, department, authority, or agency
|
•
|
403(b) plans and 457 plans, including 457(a) governmental entity plans and tax-exempt plans
|
•
|
Accounts registered to insurance companies, trust companies, and bank trust departments
|
•
|
Investment companies, both affiliated and not affiliated with the advisor
|
•
|
Any entity that is considered a corporation for tax purposes, including corporate nonqualified deferred compensation plans of such corporations
|
•
|
Trustees, employees of the advisor or its affiliates, employees of the subadvisor, members of the fund’s portfolio management team and the spouses and children (under age 21) of the aforementioned
|
•
|
Financial intermediaries utilizing fund shares in certain eligible qualifying investment product platforms under a signed agreement with the distributor
|
•
|
A front-end sales charge, as described in the section “How sales charges for Class A and Class C shares are calculated”
|
•
|
Distribution and service (Rule 12b-1) fees of 0.30%
|
•
|
A 1.00% CDSC on certain shares sold within one year of purchase
|
•
|
No front-end sales charge; all your money goes to work for you right away
|
•
|
Rule 12b-1 fees of 1.00%
|
•
|
A 1.00% CDSC on shares sold within one year of purchase
|
•
|
Automatic conversion to Class A shares after eight years, thus reducing future annual expenses (certain exclusions may apply)
|
•
|
No front-end or deferred sales charges; however, if you purchase Class I shares through a broker acting solely as an agent on behalf of its customers, you may be required to pay a commission to the broker
|
•
|
No Rule 12b-1 fees
|
•
|
No front-end or deferred sales charges; all your money goes to work for you right away
|
•
|
Rule 12b-1 fees of 0.25%
|
•
|
No front-end or deferred sales charges; all your money goes to work for you right away
|
•
|
No Rule 12b-1 fees
|
•
|
directly, by the payment of sales commissions, if any; and
|
•
|
indirectly, as a result of the fund paying Rule 12b-1 fees.
|
Your investment ($)
|
As a % of
offering price* |
As a % of your investment
|
Up to 49,999
|
5.00
|
5.26
|
50,000–99,999
|
4.50
|
4.71
|
100,000–249,999
|
3.50
|
3.63
|
250,000–499,999
|
2.50
|
2.56
|
500,000–999,999
|
2.00
|
2.04
|
1,000,000 and over
|
See below
|
* | Offering price is the net asset value per share plus any initial sales charge. |
Years after purchase
|
CDSC (%)
|
1st year
|
1.00
|
After 1st year
|
None
|
Years after purchase
|
CDSC (%)
|
1st year
|
1.00
|
After 1st year
|
None
|
•
|
Accumulation privilege—lets you add the value of any class of shares of any John Hancock open-end fund you already own to the amount of your next Class A investment for purposes of calculating the sales charge. However, Class A shares of money market funds will not qualify unless you have already paid a sales charge on those shares.
|
•
|
Letter of intention—lets you purchase Class A shares of a fund over a 13-month period and receive the same sales charge as if all shares had been purchased at once. You can use a letter of intention to qualify for reduced sales charges if you plan to invest at least to the first breakpoint level (generally $50,000 or $100,000 depending on the specific fund) in a John Hancock fund’s Class A shares during the next 13 months. Completing a letter of intention does not obligate you to purchase additional shares. However, if you do not buy enough shares to qualify for the lower sales charges by the earlier of the end of the 13-month period or when you sell your shares, your sales charges will be recalculated to reflect your actual amount purchased. It is your responsibility to tell John Hancock Signature Services Inc. or your financial professional when you believe you have purchased shares totaling an amount eligible for reduced sales charges, as stated in your letter of intention. Further information is provided in the SAI.
|
•
|
Combination privilege—lets you combine shares of all funds for purposes of calculating the Class A sales charge.
|
•
|
to make payments through certain systematic withdrawal plans
|
•
|
certain retirement plans participating in PruSolutionsSM programs
|
•
|
redemptions pursuant to the fund’s right to liquidate an account that is below the minimum account value stated below in “Dividends and account policies,” under the subsection “Small accounts”
|
•
|
redemptions of Class A shares made after one year from the inception of a retirement plan at John Hancock
|
•
|
redemptions made under certain liquidation, merger or acquisition transactions involving other investment companies or personal holding companies
|
•
|
to make certain distributions from a retirement plan
|
•
|
because of shareholder death or disability
|
•
|
rollovers, contract exchanges, or transfers of John Hancock custodial 403(b)(7) account assets required by John Hancock as a result of its decision to discontinue maintaining and administering 403(b)(7) accounts
|
•
|
Selling brokers and their employees and sales representatives (and their Immediate Family, as defined in the SAI)
|
•
|
Financial intermediaries utilizing fund shares in eligible retirement platforms, fee-based, or wrap investment products
|
•
|
Financial intermediaries who offer shares to self-directed investment brokerage accounts that may or may not charge a transaction fee to their customers
|
•
|
Fund Trustees and other individuals who are affiliated with these or other John Hancock funds, including employees of John Hancock companies or Manulife Financial Corporation (and their Immediate Family, as defined in the SAI)
|
•
|
Individuals exchanging shares held in an eligible fee-based program for Class A shares, provided however, subsequent purchases in Class A shares will be subject to applicable sales charges
|
•
|
Individuals transferring assets held in a SIMPLE IRA, SEP, or SARSEP invested in John Hancock funds directly to an IRA
|
•
|
Individuals converting assets held in an IRA, SIMPLE IRA, SEP, or SARSEP invested in John Hancock funds directly to a Roth IRA
|
•
|
Individuals recharacterizing assets from an IRA, Roth IRA, SEP, SARSEP, or SIMPLE IRA invested in John Hancock funds back to the original account type from which they were converted
|
•
|
Participants in group retirement plans that are eligible and permitted to purchase Class A shares as described in the “Choosing an eligible share class” section above. This waiver is contingent upon the group retirement plan being in a recordkeeping arrangement and does not apply to group retirement plans transacting business with the fund through a brokerage relationship in which sales charges are customarily imposed, unless such brokerage relationship qualifies for a sales charge waiver as described. In addition, this waiver does not apply to a group retirement plan that leaves its current recordkeeping arrangement and subsequently transacts business with the fund through a brokerage relationship in which sales charges are customarily imposed. Whether a sales charge waiver is available to your group retirement plan through its record keeper depends upon the policies and procedures of your intermediary. Please consult your financial professional for further information
|
•
|
Retirement plans participating in PruSolutionsSM programs
|
•
|
Terminating participants in a pension, profit-sharing, or other plan qualified under Section 401(a) of the Code, or described in Section 457(b) of the Code, (i) that is funded by certain John Hancock group annuity contracts, (ii) for which John Hancock Trust Company serves as trustee or custodian, or (iii) the trustee or custodian of which has retained John Hancock Retirement Plan Services (“RPS”) as a service provider, rolling over assets (directly or within 60 days after distribution) from such a plan (or from a John Hancock Managed IRA or John Hancock Annuities IRA into which such assets have already been rolled over) to a John Hancock custodial IRA or John Hancock custodial Roth IRA that invests in John Hancock funds, or the
|
subsequent establishment of or any rollover into a new John Hancock fund account by such terminating participants and/or their Immediate Family (as defined in the SAI), including subsequent investments into such accounts, and that are held directly at John Hancock funds or at the John Hancock Personal Financial Services (“PFS”) Financial Center
|
•
|
Participants in a terminating pension, profit-sharing, or other plan qualified under Section 401(a) of the Code, or described in Section 457(b) of the Code (the assets of which, immediately prior to such plan’s termination, were (a) held in certain John Hancock group annuity contracts, (b) in trust or custody by John Hancock Trust Company, or (c) by a trustee or custodian which has retained John Hancock RPS as a service provider, but have been transferred from such contracts or trust funds and are held either: (i) in trust by a distribution processing organization; or (ii) in a custodial IRA or custodial Roth IRA sponsored by an authorized third-party trust company and made available through John Hancock), rolling over assets (directly or within 60 days after distribution) from such a plan to a John Hancock custodial IRA or John Hancock custodial Roth IRA that invests in John Hancock funds, or the subsequent establishment of or any rollover into a new John Hancock fund account by such participants and/or their Immediate Family (as defined in the SAI), including subsequent investments into such accounts, and that are held directly at John Hancock funds or at the PFS Financial Center
|
•
|
Participants actively enrolled in a John Hancock RPS plan account (or an account the trustee of which has retained John Hancock RPS as a service provider) rolling over or transferring assets into a new John Hancock custodial IRA or John Hancock custodial Roth IRA that invests in John Hancock funds through John Hancock PFS (to the extent such assets are otherwise prohibited from rolling over or transferring into such participant’s John Hancock RPS plan account), including subsequent investments into such accounts, and that are held directly at John Hancock funds or at the John Hancock PFS Financial Center
|
•
|
Individuals rolling over assets held in a John Hancock custodial 403(b)(7) account into a John Hancock custodial IRA account
|
•
|
Former employees/associates of John Hancock, its affiliates, or agencies rolling over (directly or indirectly within 60 days after distribution) to a new John Hancock custodial IRA or John Hancock custodial Roth IRA from the John Hancock Employee Investment-Incentive Plan (TIP), John Hancock Savings Investment Plan (SIP), or the John Hancock Pension Plan, and such participants and their Immediate Family (as defined in the SAI) subsequently establishing or rolling over assets into a new John Hancock account through the John Hancock PFS Group, including subsequent investments into such accounts, and that are held directly at John Hancock funds or at the John Hancock PFS Financial Center
|
•
|
A member of a class action lawsuit against insurance companies who is investing settlement proceeds
|
•
|
Exchanges from one John Hancock fund to the same class of any other John Hancock fund (see “Transaction policies” in this prospectus for additional details)
|
•
|
Dividend reinvestments (see “Dividends and account policies” in this prospectus for additional details)
|
•
|
In addition, the availability of certain sales charge waivers and discounts will depend on whether you purchase your shares directly from the fund or through a financial intermediary. Intermediaries may have different policies and procedures regarding the availability of front-end sales charge waivers or CDSC waivers (See Appendix 1 - Intermediary sales charge waivers, which includes information about specific sales charge waivers applicable to the intermediaries identified therein). In all instances, it is the purchaser’s responsibility to notify the fund or the purchaser’s financial intermediary at the time of purchase of any relationship or other facts qualifying the purchaser for sales charge waivers or discounts. For waivers and discounts not available through a particular intermediary, shareholders will have to purchase fund shares directly from the fund or through another intermediary to receive these waivers or discounts.
|
1 | Read this prospectus carefully. |
2 | Determine if you are eligible by referring to “Choosing an eligible share class.” |
3 | Determine how much you want to invest. There is no minimum initial investment to purchase Class R2 shares. The minimum initial investments for Class A, Class C, Class I, and Class R6 shares are described below. There are no subsequent minimum investment requirements for these share classes. |
Share Class
|
Minimum initial investment
|
Class A and Class C
|
$1,000 ($250 for group investments). However, there is no minimum initial investment for certain group retirement plans using salary deduction or similar group methods of payment, for fee-based or wrap accounts of selling firms that have executed a fee-based or wrap agreement with the distributor, or for certain other eligible investment product platforms.
|
Class I
|
$250,000. However, the minimum initial investment requirement may be waived, at the fund’s sole discretion, for investors in certain fee-based, wrap, or other investment platform programs, or in certain brokerage platforms where the intermediary is acting solely as an agent for the investor. The fund also may waive the minimum initial investment for other categories of investors at its discretion, including for Trustees, employees of the advisor or its affiliates, employees of the subadvisor, members of the fund’s portfolio management team and the spouses and children (under age 21) of the aforementioned.
|
Share Class
|
Minimum initial investment
|
Class R6
|
$1 million. However, there is no minimum initial investment requirement for: (i) qualified and nonqualified plan investors; (ii) certain eligible qualifying investment product platforms; or (iii) Trustees, employees of the advisor or its affiliates, employees of the subadvisor, members of the fund’s portfolio management team and the spouses and children (under age 21) of the aforementioned.
|
4 | All Class A, Class C, Class I, and Class R6 shareholders must complete the account application, carefully following the instructions. If you have any questions, please contact your financial professional or call Signature Services at 800-225-5291 for Class A and Class C shares or 888-972-8696 for Class I and Class R6 shares. |
5 | Eligible retirement plans generally may open an account and purchase Class R2 shares by contacting any broker-dealer or other financial service firm authorized to sell Class R2 shares of the fund. Additional shares may be purchased through a retirement plan’s administrator or recordkeeper. |
6 | For Class A and Class C shares, complete the appropriate parts of the account privileges application. By applying for privileges now, you can avoid the delay and inconvenience of having to file an additional application if you want to add privileges later. |
7 | For Class A, Class C, Class I, and Class R6 shares, make your initial investment using the instructions under “Buying shares.” You and your financial professional can initiate any purchase, exchange, or sale of shares. |
Opening an account
|
Adding to an account
|
By check
|
|
|
|
By exchange
|
|
|
|
By wire
|
|
|
|
By internet
|
|
|
|
By phone
|
|
|
To add to an account using the Monthly Automatic Accumulation Program, see “Additional investor services.”
|
Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
EASI-Line
(24/7 automated service) 800-338-8080 |
Signature Services, Inc.
800-225-5291 |
Opening an account
|
Adding to an account
|
By check
|
|
|
|
By exchange
|
|
|
|
By wire
|
|
|
|
By internet
|
|
|
|
By phone
|
|
|
|
Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
Signature Services, Inc.
888-972-8696 |
Opening an account
|
Adding to an account
|
By check
|
|
|
|
By exchange
|
|
|
|
By wire
|
|
|
|
By internet
|
|
|
|
By phone
|
|
|
|
Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
Signature Services, Inc.
888-972-8696 |
To sell some or all of your shares
|
|
By letter
|
|
|
|
By internet
|
|
|
|
By phone
|
|
|
|
By wire or electronic funds transfer (EFT)
|
|
|
|
By exchange
|
|
|
To sell shares through a systematic withdrawal plan, see “Additional investor services.”
|
Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
EASI-Line
(24/7 automated service) 800-338-8080 |
Signature Services, Inc.
800-225-5291 |
•
|
your address or bank of record has changed within the past 30 days, and you would like the payment to be sent to your new address or bank,
|
•
|
you are selling more than $100,000 worth of shares (this requirement is waived for certain entities operating under a signed fax trading agreement with John Hancock), or
|
•
|
you are requesting payment other than by a check mailed to the address/bank of record and payable to the registered owner(s).
|
Seller
|
Requirements for written requests
|
Owners of individual, joint, or UGMA/UTMA accounts (custodial accounts for minors)
|
|
Owners of corporate, sole proprietorship, general partner, or association accounts
|
|
Owners or trustees of trust accounts
|
|
Joint tenancy shareholders with rights of survivorship with deceased co-tenant(s)
|
|
Executors of shareholder estates
|
|
Administrators, conservators, guardians, and other sellers, or account types not listed above
|
|
Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
EASI-Line
(24/7 automated service) 800-338-8080 |
Signature Services, Inc.
800-225-5291 |
To sell some or all of your shares
|
|
By letter
|
|
|
|
By internet
|
|
|
|
By phone
|
|
Amounts up to $100,000:
Amounts up to $5 million:
|
|
By wire or electronic funds transfer (EFT)
|
|
|
|
By exchange
|
|
|
|
Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
Signature Services, Inc.
888-972-8696 |
•
|
your address or bank of record has changed within the past 30 days, and you would like the payment to be sent to your new address or bank;
|
•
|
you are selling more than $100,000 worth of shares and are requesting payment by check (this requirement is waived for certain entities operating under a signed fax trading agreement with John Hancock);
|
•
|
you are selling more than $5 million worth of shares from the following types of accounts: custodial accounts held by banks, trust companies, or broker-dealers; endowments and foundations; corporate accounts; group retirement plans; and pension accounts (excluding IRAs, 403(b) plans, and all John Hancock custodial retirement accounts); or
|
•
|
you are requesting payment other than by a check mailed to the address/bank of record and payable to the registered owner(s).
|
Seller
|
Requirements for written requests
|
Owners of individual, joint, or UGMA/UTMA accounts (custodial accounts for minors)
|
|
Owners of corporate, sole proprietorship, general partner, or association accounts
|
|
Owners or trustees of trust accounts
|
|
Joint tenancy shareholders with rights of survivorship with deceased co-tenant(s)
|
|
Executors of shareholder estates
|
|
Administrators, conservators, guardians, and other sellers, or account types not listed above
|
|
Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
Signature Services, Inc.
888-972-8696 |
To sell some or all of your shares
|
|
By letter
|
|
|
|
By internet
|
|
|
|
By phone
|
|
Amounts up to $5 million:
|
|
By wire or electronic funds transfer (EFT)
|
|
|
|
By exchange
|
|
|
|
Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
Signature Services, Inc.
888-972-8696 |
•
|
your address or bank of record has changed within the past 30 days, and you would like the payment to be sent to your new address or bank;
|
•
|
you are selling more than $100,000 worth of shares and are requesting payment by check (this requirement is waived for certain entities operating under a signed fax trading agreement with John Hancock);
|
•
|
you are selling more than $5 million worth of shares from the following types of accounts: custodial accounts held by banks, trust companies, or broker-dealers; endowments and foundations; corporate accounts; and group retirement plans; or
|
•
|
you are requesting payment other than by a check mailed to the address/bank of record and payable to the registered owner(s).
|
Seller
|
Requirements for written requests
|
Owners of individual, joint, or UGMA/UTMA accounts (custodial accounts for minors)
|
|
Owners of corporate, sole proprietorship, general partner, or association accounts
|
|
Owners or trustees of trust accounts
|
|
Joint tenancy shareholders with rights of survivorship with deceased co-tenant(s)
|
|
Executors of shareholder estates
|
|
Administrators, conservators, guardians, and other sellers, or account types not listed above
|
|
Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
Signature Services, Inc.
888-972-8696 |
•
|
A fund that invests a significant portion of its assets in small- or mid-capitalization stocks or securities in particular industries that may trade infrequently or are fair valued as discussed under “Valuation of securities” entails a greater risk of excessive trading, as investors may seek to trade fund shares in an effort to benefit from their understanding of the value of those types of securities (referred to as price arbitrage).
|
•
|
A fund that invests a material portion of its assets in securities of foreign issuers may be a potential target for excessive trading if investors seek to engage in price arbitrage based upon general trends in the securities markets that occur subsequent to the close of the primary market for such securities.
|
•
|
A fund that invests a significant portion of its assets in below-investment-grade (junk) bonds that may trade infrequently or are fair valued as discussed under “Valuation of securities” incurs a greater risk of excessive trading, as investors may seek to trade fund
|
shares in an effort to benefit from their understanding of the value of those types of securities (referred to as price arbitrage).
|
•
|
after every transaction (except a dividend reinvestment, automatic investment, or systematic withdrawal) that affects your account balance
|
•
|
after any changes of name or address of the registered owner(s)
|
•
|
in all other circumstances, every quarter
|
•
|
after every transaction (except a dividend reinvestment) that affects your account balance
|
•
|
after any changes of name or address of the registered owner(s)
|
•
|
in all other circumstances, every quarter
|
•
|
Make sure you have at least $5,000 worth of shares in your account.
|
•
|
Make sure you are not planning to invest more money in this account (buying shares during a period when you are also selling shares of the same fund is not advantageous to you because of sales charges).
|
•
|
Specify the payee(s). The payee may be yourself or any other party, and there is no limit to the number of payees you may have, as long as they are all on the same payment schedule.
|
•
|
Determine the schedule: monthly, quarterly, semiannually, annually, or in certain selected months.
|
•
|
Fill out the relevant part of the account application. To add a systematic withdrawal plan to an existing account, contact your financial professional or Signature Services.
|
•
|
Employer-sponsored retirement, deferred compensation and employee benefit plans (including health savings accounts) and trusts used to fund those plans, provided that the shares are not held in a commission-based brokerage account and shares are held for the benefit of the plan
|
•
|
Shares purchased by a 529 Plan (does not include 529 Plan units or 529-specific share classes or equivalents)
|
•
|
Shares purchased through a Merrill Lynch affiliated investment advisory program
|
•
|
Shares exchanged due to the holdings moving from a Merrill Lynch affiliated investment advisory program to a Merrill Lynch brokerage (non-advisory) account pursuant to Merrill Lynch’s policies relating to sales load discounts and waivers
|
•
|
Shares purchased by third party investment advisors on behalf of their advisory clients through Merrill Lynch’s platform
|
•
|
Shares of funds purchased through the Merrill Edge Self-Directed platform (if applicable)
|
•
|
Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund (but not any other fund within the fund family)
|
•
|
Shares exchanged from Class C (i.e. level-load) shares of the same fund pursuant to Merrill Lynch’s policies relating to sales load discounts and waivers
|
•
|
Employees and registered representatives of Merrill Lynch or its affiliates and their family members
|
•
|
Directors or Trustees of the fund, and employees of the fund’s investment adviser or any of its affiliates, as described in the prospectus
|
•
|
Eligible shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (known as Rights of Reinstatement). Automated transactions (i.e. systematic purchases and withdrawals) and purchases made after shares are automatically sold to pay Merrill Lynch’s account maintenance fees are not eligible for reinstatement
|
•
|
Death or disability of the shareholder
|
•
|
Shares sold as part of a systematic withdrawal plan as described in the fund’s prospectus
|
•
|
Return of excess contributions from an IRA Account
|
•
|
Shares sold as part of a required minimum distribution for IRA and retirement accounts pursuant to the Internal Revenue Code
|
•
|
Shares sold to pay Merrill Lynch fees but only if the transaction is initiated by Merrill Lynch
|
•
|
Shares acquired through a Right of Reinstatement
|
•
|
Shares held in retirement brokerage accounts, that are exchanged for a lower cost share class due to transfer to certain fee based accounts or platforms (applicable to Class A and Class C shares only)
|
•
|
Shares received through an exchange due to the holdings moving from a Merrill Lynch affiliated investment advisory program to a Merrill Lynch brokerage (non-advisory) account pursuant to Merrill Lynch’s policies relating to sales load discounts and waivers
|
•
|
Breakpoints as described in the fund’s prospectus
|
•
|
Rights of Accumulation (ROA) which entitle shareholders to breakpoint discounts as described in the fund’s prospectus will be automatically calculated based on the aggregated holding of fund family assets held by accounts (including 529 program holdings where applicable) within the purchaser’s household at Merrill Lynch. Eligible fund family assets not held at Merrill Lynch may be included in the ROA calculation only if the shareholder notifies his or her financial professional about such assets
|
•
|
Letters of Intent (LOI) which allow for breakpoint discounts based on anticipated purchases within a fund family, through Merrill Lynch, over a 13-month period of time (if applicable)
|
•
|
Employer-sponsored retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans). For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs or SAR-SEPs
|
•
|
Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund (but not any other fund within the same fund family)
|
•
|
Shares exchanged from Class C shares of the same fund in the month of or following the 7-year anniversary of the purchase date. To the extent that this prospectus elsewhere provides for a waiver with respect to exchanges of Class C shares or conversion of Class C shares following a shorter holding period, that waiver will apply
|
•
|
Employees and registered representatives of Ameriprise Financial or its affiliates and their immediate family members
|
•
|
Shares purchased by or through qualified accounts (including IRAs, Coverdell Education Savings Accounts, 401(k)s, 403(b) TSCAs subject to ERISA and defined benefit plans) that are held by a covered family member, defined as an Ameriprise financial advisor and/or the advisor’s spouse, advisor’s lineal ascendant (mother, father, grandmother, grandfather, great grandmother, great grandfather), advisor’s lineal descendant (son, step-son, daughter, step-daughter, grandson, granddaughter, great grandson, great granddaughter) or any spouse of a covered family member who is a lineal descendant
|
•
|
Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (i.e. Rights of Reinstatement)
|
•
|
Employer-sponsored retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans). For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs, SAR-SEPs or Keogh plans
|
•
|
Morgan Stanley employee and employee-related accounts according to Morgan Stanley’s account linking rules
|
•
|
Shares purchased through reinvestment of dividends and capital gains distributions when purchasing shares of the same fund
|
•
|
Shares purchased through a Morgan Stanley self-directed brokerage account
|
•
|
Class C (i.e., level-load) shares that are no longer subject to a contingent deferred sales charge and are converted to Class A shares of the same fund by Morgan Stanley Wealth Management pursuant to its share class conversion program
|
•
|
Shares purchased from the proceeds of redemptions within the same fund family, provided (i) the repurchase occurs within 90 days following the redemption, (ii) the redemption and purchase occur in the same account, and (iii) redeemed shares were subject to a front-end or deferred sales charge
|
•
|
Shares purchased in an investment advisory program
|
•
|
Shares purchased within the same fund family through a systematic reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund
|
•
|
Employees and registered representatives of Raymond James or its affiliates and their family members as designated by Raymond James
|
•
|
Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (known as Rights of Reinstatement)
|
•
|
A shareholder in the fund’s Class C shares will have their shares converted at net asset value to Class A shares (or the appropriate share class) of the fund if the shares are no longer subject to a CDSC and the conversion is in line with the policies and procedures of Raymond James
|
•
|
Death or disability of the shareholder
|
•
|
Shares sold as part of a systematic withdrawal plan as described in the fund’s prospectus
|
•
|
Return of excess contributions from an IRA Account
|
•
|
Shares sold as part of a required minimum distribution for IRA and retirement accounts due to the shareholder reaching the qualified age based on applicable IRS regulations as described in the fund’s prospectus
|
•
|
Shares sold to pay Raymond James fees but only if the transaction is initiated by Raymond James
|
•
|
Shares acquired through a right of reinstatement
|
•
|
Breakpoints as described in the fund’s prospectus
|
•
|
Rights of accumulation which entitle shareholders to breakpoint discounts will be automatically calculated based on the aggregated holding of fund family assets held by accounts within the purchaser’s household at Raymond James. Eligible fund family assets not held at Raymond James may be included in the calculation of rights of accumulation only if the shareholder notifies his or her financial professional about such assets
|
•
|
Letters of intent which allow for breakpoint discounts based on anticipated purchases within a fund family, over a 13-month time period. Eligible fund family assets not held at Raymond James may be included in the calculation of letters of intent only if the shareholder notifies his or her financial professional about such assets
|
•
|
Associates of Edward Jones and its affiliates and their family members who are in the same pricing group (as determined by Edward Jones under its policies and procedures) as the associate. This waiver will continue for the remainder of the associate’s life if the associate retires from Edward Jones in good-standing and remains in good standing pursuant to Edward Jones’ policies and procedures
|
•
|
Shares purchased in an Edward Jones fee-based program
|
•
|
Shares purchased through reinvestment of capital gains distributions and dividend reinvestment
|
•
|
Shares purchased from the proceeds of redeemed shares of the same fund family so long as the following conditions are met: 1) the proceeds are from the sale of shares within 60 days of the purchase, and 2) the sale and purchase are made in the same share class and the same account or the purchase is made in an individual retirement account with proceeds from liquidations in a non-retirement account
|
•
|
Shares exchanged into Class A shares from another share class so long as the exchange is into the same fund and was initiated at the discretion of Edward Jones. Edward Jones is responsible for any remaining CDSC due to the fund company, if applicable. Any future purchases are subject to the applicable sales charge as disclosed in the prospectus
|
•
|
Exchanges from Class C shares to Class A shares of the same fund, generally, in the 84th month following the anniversary of the purchase date or earlier at the discretion of Edward Jones
|
•
|
Shares sold upon the death or disability of the shareholder
|
•
|
Shares sold as part of a systematic withdrawal plan (limited to up to 10% per year of the account value)
|
•
|
Return of excess contributions from an Individual Retirement Account (IRA)
|
•
|
Shares sold as part of a required minimum distribution for IRA and retirement accounts if the redemption is taken in or after the year the shareholder reaches qualified age based on applicable IRS regulations
|
•
|
Shares sold to pay Edward Jones fees or costs in such cases where the transaction is initiated by Edward Jones
|
•
|
Shares exchanged at Edward Jones’ discretion in an Edward Jones fee-based program. In such circumstances, Edward Jones is responsible for any remaining CDSC due to the fund company, if applicable
|
•
|
Shares acquired through a right of reinstatement
|
•
|
Shares redeemed at the discretion of Edward Jones for Minimum Balances, as described below
|
•
|
Breakpoint pricing, otherwise known as volume pricing, at dollar thresholds, as described in this prospectus
|
•
|
Rights of Accumulation (ROA). The applicable sales charge on a purchase of Class A shares is determined by taking into account all share classes (except certain money market funds and any assets held in group retirement plans) of the fund family held by the shareholder or in an account grouped by Edward Jones with other accounts for the purpose of providing certain pricing considerations (pricing groups). If grouping assets as a shareholder, this includes all share classes held on the Edward Jones platform and/or held on another platform. The inclusion of eligible fund family assets in the ROA calculation is dependent on the shareholder notifying Edward Jones of such assets at the time of calculation. The employer maintaining a SEP IRA plan and/or SIMPLE IRA plan may elect to establish or change ROA for the IRA accounts associated with the plan to a plan-level grouping as opposed to including all share classes at a shareholder or pricing group level. ROA is determined by calculating the higher of cost minus redemptions or market value (current shares x NAV). Money market funds are included only if such shares were sold with a sales charge at the time of purchase or acquired in exchange for shares purchased with a sales charge
|
•
|
Letter of Intent (LOI). Through a LOI, shareholders can receive the sales charge and breakpoint discounts for purchases shareholders intend to make over a 13-month period from the date Edward Jones receives the LOI. The LOI is determined by calculating the higher of cost or market value of qualifying holdings at LOI initiation in combination with the value that the shareholder intends to buy over a 13-month period to calculate the front-end sales charge and any breakpoint discounts. Each purchase the shareholder makes during that 13-month period will receive the sales charge and breakpoint discount that applies to the total amount. The inclusion of eligible fund family assets in the LOI calculation is dependent on the shareholder notifying Edward Jones of such assets at the time of calculation. Purchases made before the LOI is received by Edward Jones are not adjusted under the LOI and will not reduce the sales charge previously paid. Sales charges will be adjusted if LOI is not met. If the employer maintaining a SEP IRA plan and/or SIMPLE IRA plan has elected to establish or change ROA for the IRA accounts associated with the plan to a plan-level grouping, LOIs will also be at the plan-level and may only be established by the employer
|
•
|
Initial purchase minimum: $250
|
•
|
Subsequent purchase minimum: none
|
•
|
Edward Jones has the right to redeem at its discretion fund holdings with a balance of $250 or less. The following are examples of accounts that are not included in this policy:
|
•
|
A fee-based account held on an Edward Jones platform
|
•
|
A 529 account held on an Edward Jones platform
|
•
|
An account with an active systematic investment plan or LOI
|
•
|
At any time it deems necessary, Edward Jones has the authority to exchange at NAV a shareholder’s holdings in a fund to Class A shares of the same fund
|
•
|
Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund (but not any other fund within the fund family)
|
•
|
Shares purchased by employees and registered representatives of Janney or its affiliates and their family members as designated by Janney
|
•
|
Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within ninety (90) days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (i.e., right of reinstatement)
|
•
|
Employer-sponsored retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans). For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs, SAR-SEPs or Keogh plans
|
•
|
Shares acquired through a right of reinstatement
|
•
|
Class C shares that are no longer subject to a contingent deferred sales charge and are converted to Class A shares of the same fund pursuant to Janney’s policies and procedures
|
•
|
Shares sold upon the death or disability of the shareholder
|
•
|
Shares sold as part of a systematic withdrawal plan as described in the fund’s prospectus
|
•
|
Shares purchased in connection with a return of excess contributions from an IRA account
|
•
|
Shares sold as part of a required minimum distribution for IRA and retirement accounts if the redemption is taken in or after the year the shareholder reaches qualified age based on applicable IRS regulations
|
•
|
Shares sold to pay Janney fees but only if the transaction is initiated by Janney
|
•
|
Shares acquired through a right of reinstatement
|
•
|
Shares exchanged into the same share class of a different fund
|
•
|
Breakpoints as described in the fund’s prospectus
|
•
|
Rights of accumulation (ROA), which entitle shareholders to breakpoint discounts, will be automatically calculated based on the aggregated holding of fund family assets held by accounts within the purchaser’s household at Janney. Eligible fund family assets not held at Janney may be included in the ROA calculation only if the shareholder notifies his or her financial professional about such assets
|
•
|
Letters of intent which allow for breakpoint discounts based on anticipated purchases within a fund family, over a 13-month time period. Eligible fund family assets not held at Janney may be included in the calculation of letters of intent only if the shareholder notifies his or her financial professional about such assets
|
•
|
Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund
|
•
|
Shares purchased by employees and registered representatives of Baird or its affiliates and their family members as designated by Baird
|
•
|
Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales charge (known as rights of reinstatement)
|
•
|
Class C shares will be converted at net asset value to Class A shares of the same fund if the shares are no longer subject to CDSC and the conversion is in line with the policies and procedures of Baird
|
•
|
Employer-sponsored retirement plans or charitable accounts in a transactional brokerage account at Baird, including 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans. For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs or SAR-SEPs
|
•
|
Shares sold due to death or disability of the shareholder
|
•
|
Shares sold as part of a systematic withdrawal plan as described in the fund’s prospectus
|
•
|
Shares bought due to returns of excess contributions from an IRA Account
|
•
|
Shares sold as part of a required minimum distribution for IRA and retirement accounts due to the shareholder reaching the qualified age based on applicable IRS regulations as described in the fund’s prospectus
|
•
|
Shares sold to pay Baird fees but only if the transaction is initiated by Baird
|
•
|
Shares acquired through a right of reinstatement
|
•
|
Breakpoints as described in this prospectus
|
•
|
Rights of accumulations which entitle shareholders to breakpoint discounts will be automatically calculated based on the aggregated holdings of fund family assets held by accounts within the purchaser’s household at Baird. Eligible fund family assets not held at Baird may be included in the rights of accumulations calculation only if the shareholder notifies his or her financial advisor about such assets
|
•
|
Letters of Intent (LOI) allow for breakpoint discounts based on anticipated purchases within the fund family through Baird, over a 13-month period of time
|
•
|
Class C shares that have been held for more than seven (7) years converted to Class A shares of the same fund pursuant to Stifel’s policies and procedures.
|
![]() |
© 2022 John Hancock Investment Management Distributors LLC, Member FINRA, SIPC
200 Berkeley Street Boston, MA 02116 800-225-5291, jhinvestments.com Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by its affiliates under license.
|
![]() |
SEC file number: 811-21777
3200PN 8/1/22 |
A
|
C
|
I
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R2
|
R4
|
R6
|
|||||
GOIGX
|
GONCX
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GOGIX
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JHIGX
|
JIGIX
|
JIGTX
|
Fund summary
|
||
The summary section is a concise look at the investment objective, fees and expenses, principal investment strategies, principal risks, past performance, and investment management.
|
||
Fund details
|
||
More about topics covered in the summary section, including descriptions of the investment strategies and various risk factors that investors should understand before investing.
|
||
Your account
|
||
How to place an order to buy, sell, or exchange shares, as well as information about the business policies and any distributions that may be paid.
For more information See back cover |
||
|
A
|
C
|
I
|
R2
|
R4
|
R6
|
Maximum front-end sales charge (load) on purchases, as a % of purchase price
|
|
|
|
|
|
|
Maximum deferred sales charge (load) as a % of purchase or sale price, whichever is less
|
(on certain purchases, including those of $1 million or more) |
|
|
|
|
|
Small account fee (for fund account balances under $1,000) ($)
|
|
|
|
|
|
|
|
A
|
C
|
I
|
R2
|
R4
|
R6
|
Management fee
|
|
|
|
|
|
|
Distribution and service (Rule 12b-1) fees
|
|
|
|
|
|
|
Other expenses
|
|
|
|
|
|
|
Service plan fee
|
|
|
|
|
1
|
|
Additional other expenses
|
|
|
|
|
|
|
Total other expenses
|
|
|
|
|
|
|
Total annual fund operating expenses
|
|
|
|
|
|
|
Contractual expense reimbursement2
|
-
|
-
|
-
|
-
|
-
3
|
-
|
Total annual fund operating expenses after expense reimbursements
|
|
|
|
|
|
|
1 | “Service plan fee” has been restated to reflect maximum allowable fees. |
2 | The advisor contractually agrees to waive a portion of its management fee and/or reimburse expenses for the fund and certain other John Hancock funds according to an asset level breakpoint schedule that is based on the aggregate net assets of all the funds participating in the waiver or reimbursement. This waiver is allocated proportionally among the participating funds. During its most recent fiscal year, the fund’s reimbursement amounted to 0.01% of the fund’s average daily net assets. This agreement expires on |
3 | The distributor contractually agrees to limit its Rule 12b-1 fees for Class R4 shares to 0.15%. This agreement expires on July 31, 2023 unless renewed by mutual agreement of the fund and the distributor based upon a determination that this is appropriate under the circumstances at that time. |
Expenses ($)
|
A
|
C
|
I
|
R2
|
R4
|
R6
|
|
|
|
||||||
1 year
|
|
|
|
|
|
|
|
3 years
|
|
|
|
|
|
|
|
5 years
|
|
|
|
|
|
|
|
10 years
|
|
|
|
|
|
|
|
Hong Kong Stock Connect Program (Stock Connect) risk. Trading in China A-Shares through Stock Connect, a mutual market access program that enables foreign investment in the People’s Republic of China (PRC), is subject to certain restrictions and risks. Securities listed on Stock Connect may lose purchase eligibility, which could adversely affect the fund’s performance. Trading through Stock Connect is subject to trading, clearance, and settlement procedures that may continue to develop as the program matures. Any changes in laws, regulations and policies applicable to Stock Connect may affect China A-Share prices. These risks are heightened by the underdeveloped state of the PRC’s investment and banking systems in general.
|
|
1 year
|
5 year
|
10 year
|
Class A (before tax)
|
|
|
|
after tax on distributions
|
|
|
|
after tax on distributions, with sale
|
|
|
|
Class C
|
|
|
|
Class I
|
|
|
|
Class R2
|
|
|
|
Class R4
|
|
|
|
Class R6
|
|
|
|
MSCI All Country World ex–USA Growth Index (reflects no deduction for fees, expenses, or taxes, except foreign withholding taxes on dividends)
|
|
|
|
MSCI EAFE Index (reflects no deduction for fees, expenses, or taxes, except foreign withholding taxes on dividends)
|
|
|
|
John A. Boselli, CFA
Senior Managing Director and Equity Portfolio Manager Managed the fund since 2014 |
Alvaro Llavero
Managing Director and Equity Research Analyst Managed the fund since 2021 |
Zhaohuan (Terry) Tian, CFA
Managing Director and Equity Research Analyst Managed the fund since 2021 |
(a) Quality: Companies with high and improving free-cash-flow margins and the ability to generate attractive returns on capital employed;
(b) Growth: Companies that generate high organic revenue growth (revenue growth not obtained through acquisitions) above global GDP growth; (c) Valuation: Companies trading below fair value, based on a discounted free cash flow model utilizing proprietary research and analysis; (d) Capital Returns: Companies with high dividend payouts and share repurchase programs, based on deployment of free cash flow; and (e) Revisions: Companies with improving earnings expectations over the next 12-18 months that are not yet fully acknowledged and reflected in broker estimates. |
Growth investment style risk. Certain equity securities (generally referred to as growth securities) are purchased primarily because a manager believes that these securities will experience relatively rapid earnings growth. Growth securities typically trade at higher multiples of current earnings than other securities. Growth securities are often more sensitive to market fluctuations than other securities because their market prices are highly sensitive to future earnings expectations. At times when it appears that these expectations may not be met, growth stock prices typically fall.
|
Value investment style risk. Certain equity securities (generally referred to as value securities) are purchased primarily because they are selling at prices below what the manager believes to be their fundamental value and not necessarily because the issuing companies are expected to experience significant earnings growth. The fund bears the risk that the companies that issued these
|
securities may not overcome the adverse business developments or other factors causing their securities to be perceived by the manager to be underpriced or that the market may never come to recognize their fundamental value. A value security may not increase in price, as anticipated by the manager investing in such securities, if other investors fail to recognize the company’s value and bid up the price or invest in markets favoring faster growing companies. The fund’s strategy of investing in value securities also carries the risk that in certain markets, value securities will underperform growth securities. In addition, securities issued by U.S. entities with substantial foreign operations may involve risks relating to economic, political or regulatory conditions in foreign countries.
|
Currency risk. Currency risk is the risk that fluctuations in exchange rates may adversely affect the U.S. dollar value of a fund’s investments. Currency risk includes both the risk that currencies in which a fund’s investments are traded, or currencies in which a fund has taken an active investment position, will decline in value relative to the U.S. dollar and, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly for a number of reasons, including the forces of supply and demand in the foreign exchange markets, actual or perceived changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign governments or central banks, or currency controls or political developments in the United States or abroad. Certain funds may
|
engage in proxy hedging of currencies by entering into derivative transactions with respect to a currency whose value is expected to correlate to the value of a currency the fund owns or wants to own. This presents the risk that the two currencies may not move in relation to one another as expected. In that case, the fund could lose money on its investment and also lose money on the position designed to act as a proxy hedge. Certain funds may also take active currency positions and may cross-hedge currency exposure represented by their securities into another foreign currency. This may result in a fund’s currency exposure being substantially different than that suggested by its securities investments. All funds with foreign currency holdings and/or that invest or trade in securities denominated in foreign currencies or related derivative instruments may be adversely affected by changes in foreign currency exchange rates. Derivative foreign currency transactions (such as futures, forwards, and swaps) may also involve leveraging risk, in addition to currency risk. Leverage may disproportionately increase a fund’s portfolio losses and reduce opportunities for gain when interest rates, stock prices, or currency rates are changing.
|
Emerging-market risk. Investments in the securities of issuers based in countries with emerging-market economies are subject to greater levels of risk and uncertainty than investments in more-developed foreign markets, since emerging-market securities may present market, credit, currency, liquidity, legal, political, and other risks greater than, or in addition to, the risks of investing in developed foreign countries. These risks include high currency exchange-rate fluctuations; increased risk of default (including both government and private issuers); greater social, economic, and political uncertainty and instability (including the risk of war); more substantial governmental involvement in the economy; less governmental supervision and regulation of the securities markets and participants in those markets; controls on foreign investment and limitations on repatriation of invested capital and on a fund’s ability to exchange local currencies for U.S. dollars; unavailability of currency hedging techniques in certain emerging-market countries; the fact that companies in emerging-market countries may be newly organized, smaller, and less seasoned; the difference in, or lack of, auditing and financial reporting requirements or standards, which may result in the unavailability of material information about issuers; different clearance and settlement procedures, which may be unable to keep pace with the volume of securities transactions or otherwise make it difficult to engage in such transactions; difficulties in obtaining and/or enforcing legal judgments against non-U.S. companies and non-U.S. persons, including company directors and officers, in foreign jurisdictions; and significantly smaller market capitalizations of emerging-market issuers. In addition, shareholders of emerging market issuers, such as the fund, often have limited rights and few practical remedies in emerging markets. Finally, the risks associated with investments in emerging markets often are significant, and vary from jurisdiction to jurisdiction and company to company.
|
Hong Kong Stock Connect Program (Stock Connect) risk. Trading in China A-Shares listed and traded on certain Chinese stock exchanges through Stock Connect, a mutual market access program designed to, among other things, enable foreign investment in the People’s Republic of China (PRC) via brokers in Hong Kong, is subject
|
to both a number of restrictions imposed by Chinese securities regulations and local exchange listing rules as well as certain risks. Securities listed on Stock Connect may lose purchase eligibility, which could adversely affect the fund’s performance. Trading through Stock Connect is subject to trading, clearance, and settlement procedures that may continue to develop as the program matures. Any changes in laws, regulations and policies applicable to Stock Connect may affect China A-Share prices. These risks are heightened by the underdeveloped state of the PRC’s investment and banking systems in general.
|
Average daily net assets ($)
|
Annual rate (%)
|
First 500 million
|
0.900
|
Next 500 million
|
0.850
|
Excess over 1 billion
|
0.800
|
•
|
Senior Managing Director and Equity Portfolio Manager
|
•
|
Managed the fund since 2014
|
•
|
Joined Wellington Management in 2002
|
•
|
Managing Director and Equity Research Analyst
|
•
|
Managed the fund since 2021
|
•
|
Joined Wellington Management in 2014
|
•
|
Managing Director and Equity Research Analyst
|
•
|
Managed the fund since 2021
|
•
|
Joined Wellington Management in 2015
|
International Growth Fund Class A Shares
|
|||||||
Per share operating performance
|
Period ended
|
3-31-22
|
3-31-21
|
3-31-20
|
3-31-19
|
3-31-18
1
|
2-28-18
|
Net asset value, beginning of period
|
$37.88
|
$24.58
|
$26.79
|
$28.52
|
$28.43
|
$21.69
|
|
Net investment income (loss)2
|
0.14
|
(0.04
)
|
0.13
|
0.19
|
0.02
|
0.11
|
|
Net realized and unrealized gain (loss) on investments
|
(2.80
)
|
13.34
|
(2.22
)
|
(1.31
)
|
0.07
|
6.69
|
|
Total from investment operations
|
(2.66
)
|
13.30
|
(2.09
)
|
(1.12
)
|
0.09
|
6.80
|
|
Less distributions
|
|
|
|
|
|
|
|
From net investment income
|
(0.17
)
|
—
|
(0.12
)
|
(0.15
)
|
—
|
(0.06
)
|
|
From net realized gain
|
(5.06
)
|
—
|
—
|
(0.46
)
|
—
|
—
|
|
Total distributions
|
(5.23
)
|
—
|
(0.12
)
|
(0.61
)
|
—
|
(0.06
)
|
|
Net asset value, end of period
|
$29.99
|
$37.88
|
$24.58
|
$26.79
|
$28.52
|
$28.43
|
|
Total return (%)3,4
|
(8.46
)
|
54.11
|
(7.87
)
|
(3.69
)
|
0.32
5
|
31.38
|
|
Ratios and supplemental data
|
|
|
|
|
|
|
|
Net assets, end of period (in millions)
|
$642
|
$670
|
$456
|
$609
|
$827
|
$803
|
|
Ratios (as a percentage of average net assets):
|
|
|
|
|
|
|
|
Expenses before reductions
|
1.29
|
1.29
|
1.30
|
1.28
|
1.29
6
|
1.29
|
|
Expenses including reductions
|
1.28
|
1.28
|
1.29
|
1.28
|
1.28
6
|
1.28
|
|
Net investment income (loss)
|
0.37
|
(0.14
)
|
0.45
|
0.72
|
0.69
6
|
0.41
|
|
Portfolio turnover (%)
|
78
|
78
|
80
|
98
|
4
|
65
|
1 | For the one-month period ended 3-31-18. The fund changed its fiscal year end from February 28 to March 31. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Does not reflect the effect of sales charges, if any. |
5 | Not annualized. |
6 | Annualized. |
International Growth Fund Class C Shares
|
|||||||
Per share operating performance
|
Period ended
|
3-31-22
|
3-31-21
|
3-31-20
|
3-31-19
|
3-31-18
1
|
2-28-18
|
Net asset value, beginning of period
|
$36.78
|
$24.03
|
$26.27
|
$28.00
|
$27.93
|
$21.40
|
|
Net investment loss2
|
(0.12
)
|
(0.26
)
|
(0.06
)
|
—
3
|
—
3
|
(0.09
)
|
|
Net realized and unrealized gain (loss) on investments
|
(2.69
)
|
13.01
|
(2.18
)
|
(1.27
)
|
0.07
|
6.62
|
|
Total from investment operations
|
(2.81
)
|
12.75
|
(2.24
)
|
(1.27
)
|
0.07
|
6.53
|
|
Less distributions
|
|
|
|
|
|
|
|
From net realized gain
|
(5.06
)
|
—
|
—
|
(0.46
)
|
—
|
—
|
|
Total distributions
|
(5.06
)
|
—
|
—
|
(0.46
)
|
—
|
—
|
|
Net asset value, end of period
|
$28.91
|
$36.78
|
$24.03
|
$26.27
|
$28.00
|
$27.93
|
|
Total return (%)4,5
|
(9.10
)
|
53.06
|
(8.53
)
|
(4.37
)
|
0.25
6
|
30.51
|
|
Ratios and supplemental data
|
|
|
|
|
|
|
|
Net assets, end of period (in millions)
|
$171
|
$224
|
$181
|
$263
|
$349
|
$333
|
|
Ratios (as a percentage of average net assets):
|
|
|
|
|
|
|
|
Expenses before reductions
|
1.99
|
1.99
|
2.00
|
1.98
|
1.99
7
|
1.99
|
|
Expenses including reductions
|
1.98
|
1.98
|
1.99
|
1.98
|
1.98
7
|
1.98
|
|
Net investment loss
|
(0.32
)
|
(0.81
)
|
(0.24
)
|
(0.01
)
|
(0.01
)
7
|
(0.33
)
|
|
Portfolio turnover (%)
|
78
|
78
|
80
|
98
|
4
|
65
|
1 | For the one-month period ended 3-31-18. The fund changed its fiscal year end from February 28 to March 31. |
2 | Based on average daily shares outstanding. |
3 | Less than $0.005 per share. |
4 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
5 | Does not reflect the effect of sales charges, if any. |
6 | Not annualized. |
7 | Annualized. |
International Growth Fund Class I Shares
|
|||||||
Per share operating performance
|
Period ended
|
3-31-22
|
3-31-21
|
3-31-20
|
3-31-19
|
3-31-18
1
|
2-28-18
|
Net asset value, beginning of period
|
$38.00
|
$24.63
|
$26.84
|
$28.59
|
$28.49
|
$21.72
|
|
Net investment income2
|
0.25
|
0.05
|
0.21
|
0.24
|
0.02
|
0.18
|
|
Net realized and unrealized gain (loss) on investments
|
(2.81
)
|
13.40
|
(2.22
)
|
(1.30
)
|
0.08
|
6.72
|
|
Total from investment operations
|
(2.56
)
|
13.45
|
(2.01
)
|
(1.06
)
|
0.10
|
6.90
|
|
Less distributions
|
|
|
|
|
|
|
|
From net investment income
|
(0.29
)
|
(0.08
)
|
(0.20
)
|
(0.23
)
|
—
|
(0.13
)
|
|
From net realized gain
|
(5.06
)
|
—
|
—
|
(0.46
)
|
—
|
—
|
|
Total distributions
|
(5.35
)
|
(0.08
)
|
(0.20
)
|
(0.69
)
|
—
|
(0.13
)
|
|
Net asset value, end of period
|
$30.09
|
$38.00
|
$24.63
|
$26.84
|
$28.59
|
$28.49
|
|
Total return (%)3
|
(8.19
)
|
54.62
|
(7.61
)
|
(3.45
)
|
0.35
4
|
31.82
|
|
Ratios and supplemental data
|
|
|
|
|
|
|
|
Net assets, end of period (in millions)
|
$7,376
|
$8,176
|
$4,677
|
$5,576
|
$5,631
|
$5,424
|
|
Ratios (as a percentage of average net assets):
|
|
|
|
|
|
|
|
Expenses before reductions
|
0.99
|
0.99
|
1.00
|
1.00
|
1.00
5
|
0.99
|
|
Expenses including reductions
|
0.98
|
0.98
|
0.99
|
0.99
|
0.99
5
|
0.98
|
|
Net investment income
|
0.66
|
0.14
|
0.74
|
0.89
|
0.98
5
|
0.70
|
|
Portfolio turnover (%)
|
78
|
78
|
80
|
98
|
4
|
65
|
1 | For the one-month period ended 3-31-18. The fund changed its fiscal year end from February 28 to March 31. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
International Growth Fund Class R2 Shares
|
|||||||
Per share operating performance
|
Period ended
|
3-31-22
|
3-31-21
|
3-31-20
|
3-31-19
|
3-31-18
1
|
2-28-18
|
Net asset value, beginning of period
|
$37.89
|
$24.60
|
$26.82
|
$28.55
|
$28.45
|
$21.71
|
|
Net investment income (loss)2
|
0.11
|
(0.08
)
|
0.12
|
0.15
|
0.02
|
0.13
|
|
Net realized and unrealized gain (loss) on investments
|
(2.81
)
|
13.37
|
(2.25
)
|
(1.30
)
|
0.08
|
6.65
|
|
Total from investment operations
|
(2.70
)
|
13.29
|
(2.13
)
|
(1.15
)
|
0.10
|
6.78
|
|
Less distributions
|
|
|
|
|
|
|
|
From net investment income
|
(0.13
)
|
—
|
(0.09
)
|
(0.12
)
|
—
|
(0.04
)
|
|
From net realized gain
|
(5.06
)
|
—
|
—
|
(0.46
)
|
—
|
—
|
|
Total distributions
|
(5.19
)
|
—
|
(0.09
)
|
(0.58
)
|
—
|
(0.04
)
|
|
Net asset value, end of period
|
$30.00
|
$37.89
|
$24.60
|
$26.82
|
$28.55
|
$28.45
|
|
Total return (%)3
|
(8.55
)
|
54.02
|
(7.98
)
|
(3.81
)
|
0.35
4
|
31.23
|
|
Ratios and supplemental data
|
|
|
|
|
|
|
|
Net assets, end of period (in millions)
|
$38
|
$50
|
$30
|
$43
|
$43
|
$37
|
|
Ratios (as a percentage of average net assets):
|
|
|
|
|
|
|
|
Expenses before reductions
|
1.38
|
1.38
|
1.39
|
1.38
|
1.32
5
|
1.40
|
|
Expenses including reductions
|
1.37
|
1.37
|
1.38
|
1.37
|
1.31
5
|
1.39
|
|
Net investment income (loss)
|
0.29
|
(0.23
)
|
0.41
|
0.54
|
0.71
5
|
0.49
|
|
Portfolio turnover (%)
|
78
|
78
|
80
|
98
|
4
|
65
|
1 | For the one-month period ended 3-31-18. The fund changed its fiscal year end from February 28 to March 31. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
International Growth Fund Class R4 Shares
|
|||||||
Per share operating performance
|
Period ended
|
3-31-22
|
3-31-21
|
3-31-20
|
3-31-19
|
3-31-18
1
|
2-28-18
|
Net asset value, beginning of period
|
$37.98
|
$24.62
|
$26.84
|
$28.57
|
$28.48
|
$21.72
|
|
Net investment income (loss)2
|
0.20
|
(0.05
)
|
0.16
|
0.22
|
0.02
|
0.17
|
|
Net realized and unrealized gain (loss) on investments
|
(2.81
)
|
13.46
|
(2.22
)
|
(1.30
)
|
0.07
|
6.69
|
|
Total from investment operations
|
(2.61
)
|
13.41
|
(2.06
)
|
(1.08
)
|
0.09
|
6.86
|
|
Less distributions
|
|
|
|
|
|
|
|
From net investment income
|
(0.23
)
|
(0.05
)
|
(0.16
)
|
(0.19
)
|
—
|
(0.10
)
|
|
From net realized gain
|
(5.06
)
|
—
|
—
|
(0.46
)
|
—
|
—
|
|
Total distributions
|
(5.29
)
|
(0.05
)
|
(0.16
)
|
(0.65
)
|
—
|
(0.10
)
|
|
Net asset value, end of period
|
$30.08
|
$37.98
|
$24.62
|
$26.84
|
$28.57
|
$28.48
|
|
Total return (%)3
|
(8.31
)
|
54.46
|
(7.77
)
|
(3.53
)
|
0.32
4
|
31.60
|
|
Ratios and supplemental data
|
|
|
|
|
|
|
|
Net assets, end of period (in millions)
|
$45
|
$49
|
$7
|
$8
|
$8
|
$9
|
|
Ratios (as a percentage of average net assets):
|
|
|
|
|
|
|
|
Expenses before reductions
|
1.22
|
1.21
|
1.24
|
1.24
|
1.25
5
|
1.24
|
|
Expenses including reductions
|
1.11
|
1.10
|
1.13
|
1.13
|
1.14
5
|
1.13
|
|
Net investment income (loss)
|
0.54
|
(0.13
)
|
0.58
|
0.80
|
0.83
5
|
0.64
|
|
Portfolio turnover (%)
|
78
|
78
|
80
|
98
|
4
|
65
|
1 | For the one-month period ended 3-31-18. The fund changed its fiscal year end from February 28 to March 31. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
International Growth Fund Class R6 Shares
|
|||||||
Per share operating performance
|
Period ended
|
3-31-22
|
3-31-21
|
3-31-20
|
3-31-19
|
3-31-18
1
|
2-28-18
|
Net asset value, beginning of period
|
$38.04
|
$24.65
|
$26.86
|
$28.61
|
$28.50
|
$21.73
|
|
Net investment income2
|
0.29
|
0.08
|
0.24
|
0.27
|
0.03
|
0.05
|
|
Net realized and unrealized gain (loss) on investments
|
(2.81
)
|
13.42
|
(2.22
)
|
(1.30
)
|
0.08
|
6.88
|
|
Total from investment operations
|
(2.52
)
|
13.50
|
(1.98
)
|
(1.03
)
|
0.11
|
6.93
|
|
Less distributions
|
|
|
|
|
|
|
|
From net investment income
|
(0.33
)
|
(0.11
)
|
(0.23
)
|
(0.26
)
|
—
|
(0.16
)
|
|
From net realized gain
|
(5.06
)
|
—
|
—
|
(0.46
)
|
—
|
—
|
|
Total distributions
|
(5.39
)
|
(0.11
)
|
(0.23
)
|
(0.72
)
|
—
|
(0.16
)
|
|
Net asset value, end of period
|
$30.13
|
$38.04
|
$24.65
|
$26.86
|
$28.61
|
$28.50
|
|
Total return (%)3
|
(8.09
)
|
54.79
|
(7.52
)
|
(3.32
)
|
0.39
4
|
31.91
|
|
Ratios and supplemental data
|
|
|
|
|
|
|
|
Net assets, end of period (in millions)
|
$2,333
|
$2,441
|
$1,434
|
$1,836
|
$1,795
|
$1,702
|
|
Ratios (as a percentage of average net assets):
|
|
|
|
|
|
|
|
Expenses before reductions
|
0.88
|
0.88
|
0.89
|
0.89
|
0.89
5
|
0.90
|
|
Expenses including reductions
|
0.87
|
0.88
|
0.88
|
0.88
|
0.88
5
|
0.89
|
|
Net investment income
|
0.78
|
0.25
|
0.85
|
1.01
|
1.09
5
|
0.16
|
|
Portfolio turnover (%)
|
78
|
78
|
80
|
98
|
4
|
65
|
1 | For the one-month period ended 3-31-18. The fund changed its fiscal year end from February 28 to March 31. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
•
|
The plan currently holds assets in Class A shares of the fund or any John Hancock fund;
|
•
|
Class A shares of the fund or any other John Hancock fund were established as an investment option under the plan prior to January 1, 2013, and the fund’s representatives have agreed that the plan may invest in Class A shares after that date;
|
•
|
Class A shares of the fund or any other John Hancock fund were established as a part of an investment model prior to January 1, 2013, and the fund’s representatives have agreed that plans utilizing such model may invest in Class A shares after that date; and
|
•
|
Such group retirement plans offered through an intermediary brokerage platform that does not require payments relating to the provisions of services to the fund, such as providing omnibus account services, transaction-processing services, or effecting portfolio transactions for the fund, that are specific to assets held in such group retirement plans and vary from such payments otherwise made for such services with respect to assets held in non-group retirement plan accounts.
|
•
|
Clients of financial intermediaries who: (i) charge such clients a fee for advisory, investment, consulting, or similar services; (ii) have entered into an agreement with the distributor to offer Class I shares through a no-load program or investment platform; or (iii) have entered into an agreement with the distributor to offer Class I shares to clients on certain brokerage platforms where the intermediary is acting solely as an agent for the investor who may be required to pay a commission and/or other forms of compensation to the intermediary. Other share classes of the fund have different fees and expenses.
|
•
|
Retirement and other benefit plans
|
•
|
Endowment funds, foundations, donor advised funds, and other charitable entities
|
•
|
Any state, county, or city, or its instrumentality, department, authority, or agency
|
•
|
Accounts registered to insurance companies, trust companies, and bank trust departments
|
•
|
Any entity that is considered a corporation for tax purposes
|
•
|
Investment companies, both affiliated and not affiliated with the advisor
|
•
|
Trustees, employees of the advisor or its affiliates, employees of the subadvisor, members of the fund’s portfolio management team and the spouses and children (under age 21) of the aforementioned
|
•
|
Qualified tuition programs under Section 529 (529 plans) of the Internal Revenue Code of 1986, as amended (the Code), distributed by John Hancock or one of its affiliates
|
•
|
Retirement plans, including pension, profit-sharing, and other plans qualified under Section 401(a) or described in Section 403(b) or 457 of the Code, and nonqualified deferred compensation plans
|
•
|
Retirement plans, Traditional and Roth IRAs, Coverdell Education Savings Accounts, SEPs, SARSEPs, and SIMPLE IRAs where the shares are held on the books of the fund through investment-only omnibus accounts (either at the plan level or at the level of the financial service firm) that trade through the National Securities Clearing Corporation (NSCC)
|
•
|
Qualified 401(a) plans (including 401(k) plans, Keogh plans, profit-sharing pension plans, money purchase pension plans, target benefit plans, defined benefit pension plans, and Taft-Hartley multi-employer pension plans) (collectively, qualified plans)
|
•
|
Endowment funds and foundations
|
•
|
Any state, county, or city, or its instrumentality, department, authority, or agency
|
•
|
403(b) plans and 457 plans, including 457(a) governmental entity plans and tax-exempt plans
|
•
|
Accounts registered to insurance companies, trust companies, and bank trust departments
|
•
|
Investment companies, both affiliated and not affiliated with the advisor
|
•
|
Any entity that is considered a corporation for tax purposes, including corporate nonqualified deferred compensation plans of such corporations
|
•
|
Trustees, employees of the advisor or its affiliates, employees of the subadvisor, members of the fund’s portfolio management team and the spouses and children (under age 21) of the aforementioned
|
•
|
Financial intermediaries utilizing fund shares in certain eligible qualifying investment product platforms under a signed agreement with the distributor
|
•
|
A front-end sales charge, as described in the section “How sales charges for Class A and Class C shares are calculated”
|
•
|
Distribution and service (Rule 12b-1) fees of 0.30%
|
•
|
A 1.00% CDSC on certain shares sold within one year of purchase
|
•
|
No front-end sales charge; all your money goes to work for you right away
|
•
|
Rule 12b-1 fees of 1.00%
|
•
|
A 1.00% CDSC on shares sold within one year of purchase
|
•
|
Automatic conversion to Class A shares after eight years, thus reducing future annual expenses (certain exclusions may apply)
|
•
|
No front-end or deferred sales charges; however, if you purchase Class I shares through a broker acting solely as an agent on behalf of its customers, you may be required to pay a commission to the broker
|
•
|
No Rule 12b-1 fees
|
•
|
No front-end or deferred sales charges; all your money goes to work for you right away
|
•
|
Rule 12b-1 fees of 0.25%
|
•
|
No front-end or deferred sales charges; all your money goes to work for you right away
|
•
|
Rule 12b-1 fees of 0.15% (under the Rule 12b-1 plan, the distributor has the ability to collect 0.25%; however, the distributor has contractually agreed to waive 0.10% of these fees through July 31, 2023)
|
•
|
No front-end or deferred sales charges; all your money goes to work for you right away
|
•
|
No Rule 12b-1 fees
|
•
|
directly, by the payment of sales commissions, if any; and
|
•
|
indirectly, as a result of the fund paying Rule 12b-1 fees.
|
Your investment ($)
|
As a % of
offering price* |
As a % of your investment
|
Up to 49,999
|
5.00
|
5.26
|
50,000–99,999
|
4.50
|
4.71
|
100,000–249,999
|
3.50
|
3.63
|
250,000–499,999
|
2.50
|
2.56
|
500,000–999,999
|
2.00
|
2.04
|
1,000,000 and over
|
See below
|
* | Offering price is the net asset value per share plus any initial sales charge. |
Years after purchase
|
CDSC (%)
|
1st year
|
1.00
|
After 1st year
|
None
|
Years after purchase
|
CDSC (%)
|
1st year
|
1.00
|
After 1st year
|
None
|
•
|
Accumulation privilege—lets you add the value of any class of shares of any John Hancock open-end fund you already own to the amount of your next Class A investment for purposes of calculating the sales charge. However, Class A shares of money market funds will not qualify unless you have already paid a sales charge on those shares.
|
•
|
Letter of intention—lets you purchase Class A shares of a fund over a 13-month period and receive the same sales charge as if all shares had been purchased at once. You can use a letter of intention to qualify for reduced sales charges if you plan to invest at least to the first breakpoint level (generally $50,000 or $100,000 depending on the specific fund) in a John Hancock fund’s Class A shares during the next 13 months. Completing a letter of intention does not obligate you to purchase additional shares. However, if you do not buy enough shares to qualify for the lower sales charges by the earlier of the end of the 13-month period or when you sell your shares, your sales charges will be recalculated to reflect your actual amount purchased. It is your
|
responsibility to tell John Hancock Signature Services Inc. or your financial professional when you believe you have purchased shares totaling an amount eligible for reduced sales charges, as stated in your letter of intention. Further information is provided in the SAI.
|
•
|
Combination privilege—lets you combine shares of all funds for purposes of calculating the Class A sales charge.
|
•
|
to make payments through certain systematic withdrawal plans
|
•
|
certain retirement plans participating in PruSolutionsSM programs
|
•
|
redemptions pursuant to the fund’s right to liquidate an account that is below the minimum account value stated below in “Dividends and account policies,” under the subsection “Small accounts”
|
•
|
redemptions of Class A shares made after one year from the inception of a retirement plan at John Hancock
|
•
|
redemptions made under certain liquidation, merger or acquisition transactions involving other investment companies or personal holding companies
|
•
|
to make certain distributions from a retirement plan
|
•
|
because of shareholder death or disability
|
•
|
rollovers, contract exchanges, or transfers of John Hancock custodial 403(b)(7) account assets required by John Hancock as a result of its decision to discontinue maintaining and administering 403(b)(7) accounts
|
•
|
Selling brokers and their employees and sales representatives (and their Immediate Family, as defined in the SAI)
|
•
|
Financial intermediaries utilizing fund shares in eligible retirement platforms, fee-based, or wrap investment products
|
•
|
Financial intermediaries who offer shares to self-directed investment brokerage accounts that may or may not charge a transaction fee to their customers
|
•
|
Fund Trustees and other individuals who are affiliated with these or other John Hancock funds, including employees of John Hancock companies or Manulife Financial Corporation (and their Immediate Family, as defined in the SAI)
|
•
|
Individuals exchanging shares held in an eligible fee-based program for Class A shares, provided however, subsequent purchases in Class A shares will be subject to applicable sales charges
|
•
|
Individuals transferring assets held in a SIMPLE IRA, SEP, or SARSEP invested in John Hancock funds directly to an IRA
|
•
|
Individuals converting assets held in an IRA, SIMPLE IRA, SEP, or SARSEP invested in John Hancock funds directly to a Roth IRA
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Individuals recharacterizing assets from an IRA, Roth IRA, SEP, SARSEP, or SIMPLE IRA invested in John Hancock funds back to the original account type from which they were converted
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Participants in group retirement plans that are eligible and permitted to purchase Class A shares as described in the “Choosing an eligible share class” section above. This waiver is contingent upon the group retirement plan being in a recordkeeping arrangement and does not apply to group retirement plans transacting business with the fund through a brokerage relationship in which sales charges are customarily imposed, unless such brokerage relationship qualifies for a sales charge waiver as described. In addition, this waiver does not apply to a group retirement plan that leaves its current recordkeeping arrangement and subsequently transacts business with the fund through a brokerage relationship in which sales charges are customarily imposed. Whether a sales charge waiver is available to your group retirement plan through its record keeper depends upon the policies and procedures of your intermediary. Please consult your financial professional for further information
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Retirement plans participating in PruSolutionsSM programs
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•
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Terminating participants in a pension, profit-sharing, or other plan qualified under Section 401(a) of the Code, or described in Section 457(b) of the Code, (i) that is funded by certain John Hancock group annuity contracts, (ii) for which John Hancock Trust Company serves as trustee or custodian, or (iii) the trustee or custodian of which has retained John Hancock Retirement Plan Services (“RPS”) as a service provider, rolling over assets (directly or within 60 days after
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distribution) from such a plan (or from a John Hancock Managed IRA or John Hancock Annuities IRA into which such assets have already been rolled over) to a John Hancock custodial IRA or John Hancock custodial Roth IRA that invests in John Hancock funds, or the subsequent establishment of or any rollover into a new John Hancock fund account by such terminating participants and/or their Immediate Family (as defined in the SAI), including subsequent investments into such accounts, and that are held directly at John Hancock funds or at the John Hancock Personal Financial Services (“PFS”) Financial Center
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Participants in a terminating pension, profit-sharing, or other plan qualified under Section 401(a) of the Code, or described in Section 457(b) of the Code (the assets of which, immediately prior to such plan’s termination, were (a) held in certain John Hancock group annuity contracts, (b) in trust or custody by John Hancock Trust Company, or (c) by a trustee or custodian which has retained John Hancock RPS as a service provider, but have been transferred from such contracts or trust funds and are held either: (i) in trust by a distribution processing organization; or (ii) in a custodial IRA or custodial Roth IRA sponsored by an authorized third-party trust company and made available through John Hancock), rolling over assets (directly or within 60 days after distribution) from such a plan to a John Hancock custodial IRA or John Hancock custodial Roth IRA that invests in John Hancock funds, or the subsequent establishment of or any rollover into a new John Hancock fund account by such participants and/or their Immediate Family (as defined in the SAI), including subsequent investments into such accounts, and that are held directly at John Hancock funds or at the PFS Financial Center
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Participants actively enrolled in a John Hancock RPS plan account (or an account the trustee of which has retained John Hancock RPS as a service provider) rolling over or transferring assets into a new John Hancock custodial IRA or John Hancock custodial Roth IRA that invests in John Hancock funds through John Hancock PFS (to the extent such assets are otherwise prohibited from rolling over or transferring into such participant’s John Hancock RPS plan account), including subsequent investments into such accounts, and that are held directly at John Hancock funds or at the John Hancock PFS Financial Center
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Individuals rolling over assets held in a John Hancock custodial 403(b)(7) account into a John Hancock custodial IRA account
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Former employees/associates of John Hancock, its affiliates, or agencies rolling over (directly or indirectly within 60 days after distribution) to a new John Hancock custodial IRA or John Hancock custodial Roth IRA from the John Hancock Employee Investment-Incentive Plan (TIP), John Hancock Savings Investment Plan (SIP), or the John Hancock Pension Plan, and such participants and their Immediate Family (as defined in the SAI) subsequently establishing or rolling over assets into a new John Hancock account through the John Hancock PFS Group, including subsequent investments into such accounts, and that are held directly at John Hancock funds or at the John Hancock PFS Financial Center
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A member of a class action lawsuit against insurance companies who is investing settlement proceeds
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Exchanges from one John Hancock fund to the same class of any other John Hancock fund (see “Transaction policies” in this prospectus for additional details)
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•
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Dividend reinvestments (see “Dividends and account policies” in this prospectus for additional details)
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•
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In addition, the availability of certain sales charge waivers and discounts will depend on whether you purchase your shares directly from the fund or through a financial intermediary. Intermediaries may have different policies and procedures regarding the availability of front-end sales charge waivers or CDSC waivers (See Appendix 1 - Intermediary sales charge waivers, which includes information about specific sales charge waivers applicable to the intermediaries identified therein). In all instances, it is the purchaser’s responsibility to notify the fund or the purchaser’s financial intermediary at the time of purchase of any relationship or other facts qualifying the purchaser for sales charge waivers or discounts. For waivers and discounts not available through a particular intermediary, shareholders will have to purchase fund shares directly from the fund or through another intermediary to receive these waivers or discounts.
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1 | Read this prospectus carefully. |
2 | Determine if you are eligible by referring to “Choosing an eligible share class.” |
3 | Determine how much you want to invest. There is no minimum initial investment to purchase Class R2 or Class R4 shares. The minimum initial investments for Class A, Class C, Class I, and Class R6 shares are described below. There are no subsequent minimum investment requirements for these share classes. |
Share Class
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Minimum initial investment
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Class A and Class C
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$1,000 ($250 for group investments). However, there is no minimum initial investment for certain group retirement plans using salary deduction or similar group methods of payment, for fee-based or wrap accounts of selling firms that have executed a fee-based or wrap agreement with the distributor, or for certain other eligible investment product platforms.
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Class I
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$250,000. However, the minimum initial investment requirement may be waived, at the fund’s sole discretion, for investors in certain fee-based, wrap, or other investment platform programs, or in certain brokerage platforms where the intermediary is acting solely as an agent for the investor. The fund also may waive the minimum initial investment for other categories of investors at its discretion, including for Trustees, employees of the advisor or its affiliates, employees of the subadvisor, members of the fund’s portfolio management team and the spouses and children (under age 21) of the aforementioned.
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Share Class
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Minimum initial investment
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Class R6
|
$1 million. However, there is no minimum initial investment requirement for: (i) qualified and nonqualified plan investors; (ii) certain eligible qualifying investment product platforms; or (iii) Trustees, employees of the advisor or its affiliates, employees of the subadvisor, members of the fund’s portfolio management team and the spouses and children (under age 21) of the aforementioned.
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4 | All Class A, Class C, Class I, and Class R6 shareholders must complete the account application, carefully following the instructions. If you have any questions, please contact your financial professional or call Signature Services at 800-225-5291 for Class A and Class C shares or 888-972-8696 for Class I and Class R6 shares. |
5 | Eligible retirement plans generally may open an account and purchase Class R2 or Class R4 shares by contacting any broker-dealer or other financial service firm authorized to sell Class R2 or Class R4 shares of the fund. Additional shares may be purchased through a retirement plan’s administrator or recordkeeper. |
6 | For Class A and Class C shares, complete the appropriate parts of the account privileges application. By applying for privileges now, you can avoid the delay and inconvenience of having to file an additional application if you want to add privileges later. |
7 | For Class A, Class C, Class I, and Class R6 shares, make your initial investment using the instructions under “Buying shares.” You and your financial professional can initiate any purchase, exchange, or sale of shares. |
Opening an account
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Adding to an account
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By check
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By exchange
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By wire
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By internet
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By phone
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To add to an account using the Monthly Automatic Accumulation Program, see “Additional investor services.”
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Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
EASI-Line
(24/7 automated service) 800-338-8080 |
Signature Services, Inc.
800-225-5291 |
Opening an account
|
Adding to an account
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By check
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|
|
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By exchange
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|
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By wire
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By internet
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|
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By phone
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|
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Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
Signature Services, Inc.
888-972-8696 |
Opening an account
|
Adding to an account
|
By check
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|
|
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By exchange
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|
|
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By wire
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|
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By internet
|
|
|
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By phone
|
|
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|
Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
Signature Services, Inc.
888-972-8696 |
To sell some or all of your shares
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By letter
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By internet
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By phone
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By wire or electronic funds transfer (EFT)
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By exchange
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To sell shares through a systematic withdrawal plan, see “Additional investor services.”
|
Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
EASI-Line
(24/7 automated service) 800-338-8080 |
Signature Services, Inc.
800-225-5291 |
•
|
your address or bank of record has changed within the past 30 days, and you would like the payment to be sent to your new address or bank,
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•
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you are selling more than $100,000 worth of shares (this requirement is waived for certain entities operating under a signed fax trading agreement with John Hancock), or
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•
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you are requesting payment other than by a check mailed to the address/bank of record and payable to the registered owner(s).
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Seller
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Requirements for written requests
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Owners of individual, joint, or UGMA/UTMA accounts (custodial accounts for minors)
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Owners of corporate, sole proprietorship, general partner, or association accounts
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Owners or trustees of trust accounts
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Joint tenancy shareholders with rights of survivorship with deceased co-tenant(s)
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Executors of shareholder estates
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Administrators, conservators, guardians, and other sellers, or account types not listed above
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Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
EASI-Line
(24/7 automated service) 800-338-8080 |
Signature Services, Inc.
800-225-5291 |
To sell some or all of your shares
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By letter
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By internet
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By phone
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Amounts up to $100,000:
Amounts up to $5 million:
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By wire or electronic funds transfer (EFT)
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By exchange
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Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
Signature Services, Inc.
888-972-8696 |
•
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your address or bank of record has changed within the past 30 days, and you would like the payment to be sent to your new address or bank;
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•
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you are selling more than $100,000 worth of shares and are requesting payment by check (this requirement is waived for certain entities operating under a signed fax trading agreement with John Hancock);
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•
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you are selling more than $5 million worth of shares from the following types of accounts: custodial accounts held by banks, trust companies, or broker-dealers; endowments and foundations; corporate accounts; group retirement plans; and pension accounts (excluding IRAs, 403(b) plans, and all John Hancock custodial retirement accounts); or
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•
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you are requesting payment other than by a check mailed to the address/bank of record and payable to the registered owner(s).
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Seller
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Requirements for written requests
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Owners of individual, joint, or UGMA/UTMA accounts (custodial accounts for minors)
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Owners of corporate, sole proprietorship, general partner, or association accounts
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Owners or trustees of trust accounts
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Joint tenancy shareholders with rights of survivorship with deceased co-tenant(s)
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Executors of shareholder estates
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Administrators, conservators, guardians, and other sellers, or account types not listed above
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Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
Signature Services, Inc.
888-972-8696 |
To sell some or all of your shares
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By letter
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By internet
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By phone
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Amounts up to $5 million:
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By wire or electronic funds transfer (EFT)
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By exchange
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Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
Signature Services, Inc.
888-972-8696 |
•
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your address or bank of record has changed within the past 30 days, and you would like the payment to be sent to your new address or bank;
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•
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you are selling more than $100,000 worth of shares and are requesting payment by check (this requirement is waived for certain entities operating under a signed fax trading agreement with John Hancock);
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•
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you are selling more than $5 million worth of shares from the following types of accounts: custodial accounts held by banks, trust companies, or broker-dealers; endowments and foundations; corporate accounts; and group retirement plans; or
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•
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you are requesting payment other than by a check mailed to the address/bank of record and payable to the registered owner(s).
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Seller
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Requirements for written requests
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Owners of individual, joint, or UGMA/UTMA accounts (custodial accounts for minors)
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Owners of corporate, sole proprietorship, general partner, or association accounts
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Owners or trustees of trust accounts
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Joint tenancy shareholders with rights of survivorship with deceased co-tenant(s)
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Executors of shareholder estates
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Administrators, conservators, guardians, and other sellers, or account types not listed above
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Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
Signature Services, Inc.
888-972-8696 |
•
|
A fund that invests a significant portion of its assets in small- or mid-capitalization stocks or securities in particular industries that may trade infrequently or are fair valued as discussed under “Valuation of securities” entails a greater risk of excessive trading, as investors may seek to trade fund shares in an effort to benefit from their understanding of the value of those types of securities (referred to as price arbitrage).
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•
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A fund that invests a material portion of its assets in securities of foreign issuers may be a potential target for excessive trading if investors seek to engage in price arbitrage based upon general trends in the securities markets that occur subsequent to the close of the primary market for such securities.
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•
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A fund that invests a significant portion of its assets in below-investment-grade (junk) bonds that may trade infrequently or are fair valued as discussed under “Valuation of securities” incurs a greater risk of excessive trading, as investors may seek to trade fund
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shares in an effort to benefit from their understanding of the value of those types of securities (referred to as price arbitrage).
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•
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after every transaction (except a dividend reinvestment, automatic investment, or systematic withdrawal) that affects your account balance
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•
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after any changes of name or address of the registered owner(s)
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•
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in all other circumstances, every quarter
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•
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after every transaction (except a dividend reinvestment) that affects your account balance
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•
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after any changes of name or address of the registered owner(s)
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•
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in all other circumstances, every quarter
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•
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Make sure you have at least $5,000 worth of shares in your account.
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•
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Make sure you are not planning to invest more money in this account (buying shares during a period when you are also selling shares of the same fund is not advantageous to you because of sales charges).
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•
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Specify the payee(s). The payee may be yourself or any other party, and there is no limit to the number of payees you may have, as long as they are all on the same payment schedule.
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•
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Determine the schedule: monthly, quarterly, semiannually, annually, or in certain selected months.
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•
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Fill out the relevant part of the account application. To add a systematic withdrawal plan to an existing account, contact your financial professional or Signature Services.
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•
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Employer-sponsored retirement, deferred compensation and employee benefit plans (including health savings accounts) and trusts used to fund those plans, provided that the shares are not held in a commission-based brokerage account and shares are held for the benefit of the plan
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•
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Shares purchased by a 529 Plan (does not include 529 Plan units or 529-specific share classes or equivalents)
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•
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Shares purchased through a Merrill Lynch affiliated investment advisory program
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•
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Shares exchanged due to the holdings moving from a Merrill Lynch affiliated investment advisory program to a Merrill Lynch brokerage (non-advisory) account pursuant to Merrill Lynch’s policies relating to sales load discounts and waivers
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•
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Shares purchased by third party investment advisors on behalf of their advisory clients through Merrill Lynch’s platform
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•
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Shares of funds purchased through the Merrill Edge Self-Directed platform (if applicable)
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•
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Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund (but not any other fund within the fund family)
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•
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Shares exchanged from Class C (i.e. level-load) shares of the same fund pursuant to Merrill Lynch’s policies relating to sales load discounts and waivers
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•
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Employees and registered representatives of Merrill Lynch or its affiliates and their family members
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•
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Directors or Trustees of the fund, and employees of the fund’s investment adviser or any of its affiliates, as described in the prospectus
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•
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Eligible shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (known as Rights of Reinstatement). Automated transactions (i.e. systematic purchases and withdrawals) and purchases made after shares are automatically sold to pay Merrill Lynch’s account maintenance fees are not eligible for reinstatement
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•
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Death or disability of the shareholder
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•
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Shares sold as part of a systematic withdrawal plan as described in the fund’s prospectus
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•
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Return of excess contributions from an IRA Account
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•
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Shares sold as part of a required minimum distribution for IRA and retirement accounts pursuant to the Internal Revenue Code
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•
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Shares sold to pay Merrill Lynch fees but only if the transaction is initiated by Merrill Lynch
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•
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Shares acquired through a Right of Reinstatement
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•
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Shares held in retirement brokerage accounts, that are exchanged for a lower cost share class due to transfer to certain fee based accounts or platforms (applicable to Class A and Class C shares only)
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•
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Shares received through an exchange due to the holdings moving from a Merrill Lynch affiliated investment advisory program to a Merrill Lynch brokerage (non-advisory) account pursuant to Merrill Lynch’s policies relating to sales load discounts and waivers
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•
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Breakpoints as described in the fund’s prospectus
|
•
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Rights of Accumulation (ROA) which entitle shareholders to breakpoint discounts as described in the fund’s prospectus will be automatically calculated based on the aggregated holding of fund family assets held by accounts (including 529 program holdings where applicable) within the purchaser’s household at Merrill Lynch. Eligible fund family assets not held at Merrill Lynch may be included in the ROA calculation only if the shareholder notifies his or her financial professional about such assets
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•
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Letters of Intent (LOI) which allow for breakpoint discounts based on anticipated purchases within a fund family, through Merrill Lynch, over a 13-month period of time (if applicable)
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•
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Employer-sponsored retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans). For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs or SAR-SEPs
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•
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Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund (but not any other fund within the same fund family)
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•
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Shares exchanged from Class C shares of the same fund in the month of or following the 7-year anniversary of the purchase date. To the extent that this prospectus elsewhere provides for a waiver with respect to exchanges of Class C shares or conversion of Class C shares following a shorter holding period, that waiver will apply
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•
|
Employees and registered representatives of Ameriprise Financial or its affiliates and their immediate family members
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•
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Shares purchased by or through qualified accounts (including IRAs, Coverdell Education Savings Accounts, 401(k)s, 403(b) TSCAs subject to ERISA and defined benefit plans) that are held by a covered family member, defined as an Ameriprise financial advisor and/or the advisor’s spouse, advisor’s lineal ascendant (mother, father, grandmother, grandfather, great grandmother, great grandfather), advisor’s lineal descendant (son, step-son, daughter, step-daughter, grandson, granddaughter, great grandson, great granddaughter) or any spouse of a covered family member who is a lineal descendant
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•
|
Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (i.e. Rights of Reinstatement)
|
•
|
Employer-sponsored retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans). For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs, SAR-SEPs or Keogh plans
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•
|
Morgan Stanley employee and employee-related accounts according to Morgan Stanley’s account linking rules
|
•
|
Shares purchased through reinvestment of dividends and capital gains distributions when purchasing shares of the same fund
|
•
|
Shares purchased through a Morgan Stanley self-directed brokerage account
|
•
|
Class C (i.e., level-load) shares that are no longer subject to a contingent deferred sales charge and are converted to Class A shares of the same fund by Morgan Stanley Wealth Management pursuant to its share class conversion program
|
•
|
Shares purchased from the proceeds of redemptions within the same fund family, provided (i) the repurchase occurs within 90 days following the redemption, (ii) the redemption and purchase occur in the same account, and (iii) redeemed shares were subject to a front-end or deferred sales charge
|
•
|
Shares purchased in an investment advisory program
|
•
|
Shares purchased within the same fund family through a systematic reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund
|
•
|
Employees and registered representatives of Raymond James or its affiliates and their family members as designated by Raymond James
|
•
|
Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (known as Rights of Reinstatement)
|
•
|
A shareholder in the fund’s Class C shares will have their shares converted at net asset value to Class A shares (or the appropriate share class) of the fund if the shares are no longer subject to a CDSC and the conversion is in line with the policies and procedures of Raymond James
|
•
|
Death or disability of the shareholder
|
•
|
Shares sold as part of a systematic withdrawal plan as described in the fund’s prospectus
|
•
|
Return of excess contributions from an IRA Account
|
•
|
Shares sold as part of a required minimum distribution for IRA and retirement accounts due to the shareholder reaching the qualified age based on applicable IRS regulations as described in the fund’s prospectus
|
•
|
Shares sold to pay Raymond James fees but only if the transaction is initiated by Raymond James
|
•
|
Shares acquired through a right of reinstatement
|
•
|
Breakpoints as described in the fund’s prospectus
|
•
|
Rights of accumulation which entitle shareholders to breakpoint discounts will be automatically calculated based on the aggregated holding of fund family assets held by accounts within the purchaser’s household at Raymond James. Eligible fund family assets not held at Raymond James may be included in the calculation of rights of accumulation only if the shareholder notifies his or her financial professional about such assets
|
•
|
Letters of intent which allow for breakpoint discounts based on anticipated purchases within a fund family, over a 13-month time period. Eligible fund family assets not held at Raymond James may be included in the calculation of letters of intent only if the shareholder notifies his or her financial professional about such assets
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•
|
Associates of Edward Jones and its affiliates and their family members who are in the same pricing group (as determined by Edward Jones under its policies and procedures) as the associate. This waiver will continue for the remainder of the associate’s life if the associate retires from Edward Jones in good-standing and remains in good standing pursuant to Edward Jones’ policies and procedures
|
•
|
Shares purchased in an Edward Jones fee-based program
|
•
|
Shares purchased through reinvestment of capital gains distributions and dividend reinvestment
|
•
|
Shares purchased from the proceeds of redeemed shares of the same fund family so long as the following conditions are met: 1) the proceeds are from the sale of shares within 60 days of the purchase, and 2) the sale and purchase are made in the same share class and the same account or the purchase is made in an individual retirement account with proceeds from liquidations in a non-retirement account
|
•
|
Shares exchanged into Class A shares from another share class so long as the exchange is into the same fund and was initiated at the discretion of Edward Jones. Edward Jones is responsible for any remaining CDSC due to the fund company, if applicable. Any future purchases are subject to the applicable sales charge as disclosed in the prospectus
|
•
|
Exchanges from Class C shares to Class A shares of the same fund, generally, in the 84th month following the anniversary of the purchase date or earlier at the discretion of Edward Jones
|
•
|
Shares sold upon the death or disability of the shareholder
|
•
|
Shares sold as part of a systematic withdrawal plan (limited to up to 10% per year of the account value)
|
•
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Return of excess contributions from an Individual Retirement Account (IRA)
|
•
|
Shares sold as part of a required minimum distribution for IRA and retirement accounts if the redemption is taken in or after the year the shareholder reaches qualified age based on applicable IRS regulations
|
•
|
Shares sold to pay Edward Jones fees or costs in such cases where the transaction is initiated by Edward Jones
|
•
|
Shares exchanged at Edward Jones’ discretion in an Edward Jones fee-based program. In such circumstances, Edward Jones is responsible for any remaining CDSC due to the fund company, if applicable
|
•
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Shares acquired through a right of reinstatement
|
•
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Shares redeemed at the discretion of Edward Jones for Minimum Balances, as described below
|
•
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Breakpoint pricing, otherwise known as volume pricing, at dollar thresholds, as described in this prospectus
|
•
|
Rights of Accumulation (ROA). The applicable sales charge on a purchase of Class A shares is determined by taking into account all share classes (except certain money market funds and any assets held in group retirement plans) of the fund family held by the shareholder or in an account grouped by Edward Jones with other accounts for the purpose of providing certain pricing considerations (pricing groups). If grouping assets as a shareholder, this includes all share classes held on the Edward Jones platform and/or held on another platform. The inclusion of eligible fund family assets in the ROA calculation is dependent on the shareholder notifying Edward Jones of such assets at the time of calculation. The employer maintaining a SEP IRA plan and/or SIMPLE IRA plan may elect to establish or change ROA for the IRA accounts associated with the plan to a plan-level grouping as opposed to including all share classes at a shareholder or pricing group level. ROA is determined by calculating the higher of cost minus redemptions or market value (current shares x NAV). Money market funds are included only if such shares were sold with a sales charge at the time of purchase or acquired in exchange for shares purchased with a sales charge
|
•
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Letter of Intent (LOI). Through a LOI, shareholders can receive the sales charge and breakpoint discounts for purchases shareholders intend to make over a 13-month period from the date Edward Jones receives the LOI. The LOI is determined by calculating the higher of cost or market value of qualifying holdings at LOI initiation in combination with the value that the shareholder intends to buy over a 13-month period to calculate the front-end sales charge and any breakpoint discounts. Each purchase the shareholder makes during that 13-month period will receive the sales charge and breakpoint discount that applies to the total amount. The inclusion of eligible fund family assets in the LOI calculation is dependent on the shareholder notifying Edward Jones of such assets at the time of calculation. Purchases made before the LOI is received by Edward Jones are not adjusted under the LOI and will not reduce the sales charge previously paid. Sales charges will be adjusted if LOI is not met. If the employer maintaining a SEP IRA plan and/or SIMPLE IRA plan has elected to establish or change ROA for the IRA accounts associated with the plan to a plan-level grouping, LOIs will also be at the plan-level and may only be established by the employer
|
•
|
Initial purchase minimum: $250
|
•
|
Subsequent purchase minimum: none
|
•
|
Edward Jones has the right to redeem at its discretion fund holdings with a balance of $250 or less. The following are examples of accounts that are not included in this policy:
|
•
|
A fee-based account held on an Edward Jones platform
|
•
|
A 529 account held on an Edward Jones platform
|
•
|
An account with an active systematic investment plan or LOI
|
•
|
At any time it deems necessary, Edward Jones has the authority to exchange at NAV a shareholder’s holdings in a fund to Class A shares of the same fund
|
•
|
Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund (but not any other fund within the fund family)
|
•
|
Shares purchased by employees and registered representatives of Janney or its affiliates and their family members as designated by Janney
|
•
|
Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within ninety (90) days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (i.e., right of reinstatement)
|
•
|
Employer-sponsored retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans). For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs, SAR-SEPs or Keogh plans
|
•
|
Shares acquired through a right of reinstatement
|
•
|
Class C shares that are no longer subject to a contingent deferred sales charge and are converted to Class A shares of the same fund pursuant to Janney’s policies and procedures
|
•
|
Shares sold upon the death or disability of the shareholder
|
•
|
Shares sold as part of a systematic withdrawal plan as described in the fund’s prospectus
|
•
|
Shares purchased in connection with a return of excess contributions from an IRA account
|
•
|
Shares sold as part of a required minimum distribution for IRA and retirement accounts if the redemption is taken in or after the year the shareholder reaches qualified age based on applicable IRS regulations
|
•
|
Shares sold to pay Janney fees but only if the transaction is initiated by Janney
|
•
|
Shares acquired through a right of reinstatement
|
•
|
Shares exchanged into the same share class of a different fund
|
•
|
Breakpoints as described in the fund’s prospectus
|
•
|
Rights of accumulation (ROA), which entitle shareholders to breakpoint discounts, will be automatically calculated based on the aggregated holding of fund family assets held by accounts within the purchaser’s household at Janney. Eligible fund family assets not held at Janney may be included in the ROA calculation only if the shareholder notifies his or her financial professional about such assets
|
•
|
Letters of intent which allow for breakpoint discounts based on anticipated purchases within a fund family, over a 13-month time period. Eligible fund family assets not held at Janney may be included in the calculation of letters of intent only if the shareholder notifies his or her financial professional about such assets
|
•
|
Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund
|
•
|
Shares purchased by employees and registered representatives of Baird or its affiliates and their family members as designated by Baird
|
•
|
Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales charge (known as rights of reinstatement)
|
•
|
Class C shares will be converted at net asset value to Class A shares of the same fund if the shares are no longer subject to CDSC and the conversion is in line with the policies and procedures of Baird
|
•
|
Employer-sponsored retirement plans or charitable accounts in a transactional brokerage account at Baird, including 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans. For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs or SAR-SEPs
|
•
|
Shares sold due to death or disability of the shareholder
|
•
|
Shares sold as part of a systematic withdrawal plan as described in the fund’s prospectus
|
•
|
Shares bought due to returns of excess contributions from an IRA Account
|
•
|
Shares sold as part of a required minimum distribution for IRA and retirement accounts due to the shareholder reaching the qualified age based on applicable IRS regulations as described in the fund’s prospectus
|
•
|
Shares sold to pay Baird fees but only if the transaction is initiated by Baird
|
•
|
Shares acquired through a right of reinstatement
|
•
|
Breakpoints as described in this prospectus
|
•
|
Rights of accumulations which entitle shareholders to breakpoint discounts will be automatically calculated based on the aggregated holdings of fund family assets held by accounts within the purchaser’s household at Baird. Eligible fund family assets not held at Baird may be included in the rights of accumulations calculation only if the shareholder notifies his or her financial advisor about such assets
|
•
|
Letters of Intent (LOI) allow for breakpoint discounts based on anticipated purchases within the fund family through Baird, over a 13-month period of time
|
•
|
Class C shares that have been held for more than seven (7) years converted to Class A shares of the same fund pursuant to Stifel’s policies and procedures.
|
![]() |
© 2022 John Hancock Investment Management Distributors LLC, Member FINRA, SIPC
200 Berkeley Street Boston, MA 02116 800-225-5291, jhinvestments.com Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by its affiliates under license.
|
![]() |
SEC file number: 811-21777
870PN 8/1/22 |
Ticker
|
|
GOIOX
|
Fund summary
|
||
The summary section is a concise look at the investment objective, fees and expenses, principal investment strategies, principal risks, past performance, and investment management.
|
||
Fund details
|
||
More about topics covered in the summary section, including descriptions of the investment strategies and various risk factors that investors should understand before investing.
|
||
Your account
|
||
How to place an order to buy, sell, or exchange shares, as well as information about the business policies and any distributions that may be paid.
For more information See back cover |
||
|
1
|
Maximum front-end sales charge (load)
|
|
Maximum deferred sales charge (load)
|
|
|
1
|
Management fee
|
|
Distribution and service (Rule 12b-1) fees
|
|
Other expenses
|
|
Total annual fund operating expenses
|
|
Contractual expense reimbursement1
|
-
|
Total annual fund operating expenses after expense reimbursements
|
|
1 | The advisor contractually agrees to waive a portion of its management fee and/or reimburse expenses for the fund and certain other John Hancock funds according to an asset level breakpoint schedule that is based on the aggregate net assets of all the funds participating in the waiver or reimbursement. This waiver is allocated proportionally among the participating funds. During its most recent fiscal year, the fund’s reimbursement amounted to 0.01% of the fund’s average daily net assets. This agreement expires on |
Expenses ($)
|
1
|
1 year
|
|
3 years
|
|
5 years
|
|
10 years
|
|
Hong Kong Stock Connect Program (Stock Connect) risk. Trading in China A-Shares through Stock Connect, a mutual market access program that enables foreign investment in the People’s Republic of China (PRC), is subject to certain restrictions and risks. Securities listed on Stock Connect may lose purchase eligibility, which could adversely affect the fund’s performance. Trading through Stock Connect is subject to trading, clearance, and settlement procedures that may continue to develop as the program matures. Any changes in laws, regulations and policies applicable to Stock Connect may affect China A-Share prices. These risks are heightened by the underdeveloped state of the PRC’s investment and banking systems in general.
|
|
1 year
|
5 year
|
10 year
|
Class 1 (before tax)
|
|
|
|
after tax on distributions
|
|
|
|
after tax on distributions, with sale
|
|
|
|
MSCI All Country World ex–USA Growth Index (reflects no deduction for fees, expenses, or taxes, except foreign withholding taxes on dividends)
|
|
|
|
MSCI EAFE Index (reflects no deduction for fees, expenses, or taxes, except foreign withholding taxes on dividends)
|
|
|
|
John A. Boselli, CFA
Senior Managing Director and Equity Portfolio Manager Managed the fund since 2014 |
Alvaro Llavero
Managing Director and Equity Research Analyst Managed the fund since 2021 |
Zhaohuan (Terry) Tian, CFA
Managing Director and Equity Research Analyst Managed the fund since 2021 |
(a) Quality: Companies with high and improving free-cash-flow margins and the ability to generate attractive returns on capital employed;
(b) Growth: Companies that generate high organic revenue growth (revenue growth not obtained through acquisitions) above global GDP growth; (c) Valuation: Companies trading below fair value, based on a discounted free cash flow model utilizing proprietary research and analysis; (d) Capital Returns: Companies with high dividend payouts and share repurchase programs, based on deployment of free cash flow; and (e) Revisions: Companies with improving earnings expectations over the next 12-18 months that are not yet fully acknowledged and reflected in broker estimates. |
Growth investment style risk. Certain equity securities (generally referred to as growth securities) are purchased primarily because a manager believes that these securities will experience relatively rapid earnings growth. Growth securities typically trade at higher multiples of current earnings than other securities. Growth securities are often more sensitive to market fluctuations than other securities because their market prices are highly sensitive to future earnings expectations. At times when it appears that these expectations may not be met, growth stock prices typically fall.
|
Value investment style risk. Certain equity securities (generally referred to as value securities) are purchased primarily because they are selling at prices below what the manager believes to be their fundamental value and not necessarily because the issuing companies are expected to experience significant earnings growth. The fund bears the risk that the companies that issued these
|
securities may not overcome the adverse business developments or other factors causing their securities to be perceived by the manager to be underpriced or that the market may never come to recognize their fundamental value. A value security may not increase in price, as anticipated by the manager investing in such securities, if other investors fail to recognize the company’s value and bid up the price or invest in markets favoring faster growing companies. The fund’s strategy of investing in value securities also carries the risk that in certain markets, value securities will underperform growth securities. In addition, securities issued by U.S. entities with substantial foreign operations may involve risks relating to economic, political or regulatory conditions in foreign countries.
|
Currency risk. Currency risk is the risk that fluctuations in exchange rates may adversely affect the U.S. dollar value of a fund’s investments. Currency risk includes both the risk that currencies in which a fund’s investments are traded, or currencies in which a fund has taken an active investment position, will decline in value relative to the U.S. dollar and, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly for a number of reasons, including the forces of supply and demand in the foreign exchange markets, actual or perceived changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign governments or central banks, or currency controls or political developments in the United States or abroad. Certain funds may
|
engage in proxy hedging of currencies by entering into derivative transactions with respect to a currency whose value is expected to correlate to the value of a currency the fund owns or wants to own. This presents the risk that the two currencies may not move in relation to one another as expected. In that case, the fund could lose money on its investment and also lose money on the position designed to act as a proxy hedge. Certain funds may also take active currency positions and may cross-hedge currency exposure represented by their securities into another foreign currency. This may result in a fund’s currency exposure being substantially different than that suggested by its securities investments. All funds with foreign currency holdings and/or that invest or trade in securities denominated in foreign currencies or related derivative instruments may be adversely affected by changes in foreign currency exchange rates. Derivative foreign currency transactions (such as futures, forwards, and swaps) may also involve leveraging risk, in addition to currency risk. Leverage may disproportionately increase a fund’s portfolio losses and reduce opportunities for gain when interest rates, stock prices, or currency rates are changing.
|
Emerging-market risk. Investments in the securities of issuers based in countries with emerging-market economies are subject to greater levels of risk and uncertainty than investments in more-developed foreign markets, since emerging-market securities may present market, credit, currency, liquidity, legal, political, and other risks greater than, or in addition to, the risks of investing in developed foreign countries. These risks include high currency exchange-rate fluctuations; increased risk of default (including both government and private issuers); greater social, economic, and political uncertainty and instability (including the risk of war); more substantial governmental involvement in the economy; less governmental supervision and regulation of the securities markets and participants in those markets; controls on foreign investment and limitations on repatriation of invested capital and on a fund’s ability to exchange local currencies for U.S. dollars; unavailability of currency hedging techniques in certain emerging-market countries; the fact that companies in emerging-market countries may be newly organized, smaller, and less seasoned; the difference in, or lack of, auditing and financial reporting requirements or standards, which may result in the unavailability of material information about issuers; different clearance and settlement procedures, which may be unable to keep pace with the volume of securities transactions or otherwise make it difficult to engage in such transactions; difficulties in obtaining and/or enforcing legal judgments against non-U.S. companies and non-U.S. persons, including company directors and officers, in foreign jurisdictions; and significantly smaller market capitalizations of emerging-market issuers. In addition, shareholders of emerging market issuers, such as the fund, often have limited rights and few practical remedies in emerging markets. Finally, the risks associated with investments in emerging markets often are significant, and vary from jurisdiction to jurisdiction and company to company.
|
Hong Kong Stock Connect Program (Stock Connect) risk. Trading in China A-Shares listed and traded on certain Chinese stock exchanges through Stock Connect, a mutual market access program designed to, among other things, enable foreign investment in the People’s Republic of China (PRC) via brokers in Hong Kong, is subject
|
to both a number of restrictions imposed by Chinese securities regulations and local exchange listing rules as well as certain risks. Securities listed on Stock Connect may lose purchase eligibility, which could adversely affect the fund’s performance. Trading through Stock Connect is subject to trading, clearance, and settlement procedures that may continue to develop as the program matures. Any changes in laws, regulations and policies applicable to Stock Connect may affect China A-Share prices. These risks are heightened by the underdeveloped state of the PRC’s investment and banking systems in general.
|
Average daily net assets ($)
|
Annual rate (%)
|
First 500 million
|
0.900
|
Next 500 million
|
0.850
|
Excess over 1 billion
|
0.800
|
•
|
Senior Managing Director and Equity Portfolio Manager
|
•
|
Managed the fund since 2014
|
•
|
Joined Wellington Management in 2002
|
•
|
Managing Director and Equity Research Analyst
|
•
|
Managed the fund since 2021
|
•
|
Joined Wellington Management in 2014
|
•
|
Managing Director and Equity Research Analyst
|
•
|
Managed the fund since 2021
|
•
|
Joined Wellington Management in 2015
|
International Growth Fund Class 1 Shares
|
|||||||
Per share operating performance
|
Period ended
|
3-31-22
|
3-31-21
|
3-31-20
|
3-31-19
|
3-31-18
1
|
2-28-18
|
Net asset value, beginning of period
|
$37.98
|
$24.62
|
$26.83
|
$28.57
|
$28.47
|
$21.71
|
|
Net investment income2
|
0.28
|
0.08
|
0.23
|
0.28
|
0.03
|
0.21
|
|
Net realized and unrealized gain (loss) on investments
|
(2.80
)
|
13.38
|
(2.22
)
|
(1.30
)
|
0.07
|
6.70
|
|
Total from investment operations
|
(2.52
)
|
13.46
|
(1.99
)
|
(1.02
)
|
0.10
|
6.91
|
|
Less distributions
|
|
|
|
|
|
|
|
From net investment income
|
(0.32
)
|
(0.10
)
|
(0.22
)
|
(0.26
)
|
—
|
(0.15
)
|
|
From net realized gain
|
(5.06
)
|
—
|
—
|
(0.46
)
|
—
|
—
|
|
Total distributions
|
(5.38
)
|
(0.10
)
|
(0.22
)
|
(0.72
)
|
—
|
(0.15
)
|
|
Net asset value, end of period
|
$30.08
|
$37.98
|
$24.62
|
$26.83
|
$28.57
|
$28.47
|
|
Total return (%)3
|
(8.10
)
|
54.68
|
(7.55
)
|
(3.32
)
|
0.35
4
|
31.86
|
|
Ratios and supplemental data
|
|
|
|
|
|
|
|
Net assets, end of period (in millions)
|
$71
|
$83
|
$59
|
$78
|
$93
|
$91
|
|
Ratios (as a percentage of average net assets):
|
|
|
|
|
|
|
|
Expenses before reductions
|
0.92
|
0.92
|
0.93
|
0.92
|
0.92
5
|
0.93
|
|
Expenses including reductions
|
0.91
|
0.91
|
0.92
|
0.92
|
0.92
5
|
0.92
|
|
Net investment income
|
0.74
|
0.23
|
0.82
|
1.05
|
1.06
5
|
0.79
|
|
Portfolio turnover (%)
|
78
|
78
|
80
|
98
|
4
|
65
|
1 | For the one-month period ended 3-31-18. The fund changed its fiscal year end from February 28 to March 31. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
•
|
Distribution and service (Rule 12b-1) fees of 0.05%.
|
•
|
The performance and expense information included in this prospectus does not reflect fees and expenses of any group annuity contract that may use the fund as its underlying investment option. If such fees and expenses had been reflected, performance would be lower.
|
•
|
directly, by the payment of sales commissions, if any; and
|
•
|
indirectly, as a result of the fund paying Rule 12b-1 fees.
|
•
|
A fund that invests a significant portion of its assets in small- or mid-capitalization stocks or securities in particular industries that may trade infrequently or are fair valued as discussed under “Valuation of securities” entails a greater risk of excessive trading, as investors may seek to trade fund shares in an effort to benefit from their understanding of the value of those types of securities (referred to as price arbitrage).
|
•
|
A fund that invests a material portion of its assets in securities of foreign issuers may be a potential target for excessive trading if investors seek to engage in price arbitrage based upon general trends in the securities markets that occur subsequent to the close of the primary market for such securities.
|
•
|
A fund that invests a significant portion of its assets in below-investment-grade (junk) bonds that may trade infrequently or are fair valued as discussed under “Valuation of securities” incurs a greater risk of excessive trading, as investors may seek to trade fund shares in an effort to benefit from their understanding of the value of those types of securities (referred to as price arbitrage).
|
![]() |
© 2022 John Hancock Investment Management Distributors LLC, Member FINRA, SIPC
200 Berkeley Street Boston, MA 02116 800-225-5291, jhinvestments.com Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by its affiliates under license.
|
![]() |
SEC file number: 811-21777
GMPPN 8/1/22 |
A
|
C
|
I
|
R2
|
R4
|
R6
|
|||||
JSGAX
|
JSGCX
|
JSGIX
|
JSGRX
|
JHSGX
|
JSGTX
|
Fund summary
|
||
The summary section is a concise look at the investment objective, fees and expenses, principal investment strategies, principal risks, past performance, and investment management.
|
||
Fund details
|
||
More about topics covered in the summary section, including descriptions of the investment strategies and various risk factors that investors should understand before investing.
|
||
Your account
|
||
How to place an order to buy, sell, or exchange shares, as well as information about the business policies and any distributions that may be paid.
For more information See back cover |
||
|
A
|
C
|
I
|
R2
|
R4
|
R6
|
Maximum front-end sales charge (load) on purchases, as a % of purchase price
|
|
|
|
|
|
|
Maximum deferred sales charge (load) as a % of purchase or sale price, whichever is less
|
(on certain purchases, including those of $1 million or more) |
|
|
|
|
|
Small account fee (for fund account balances under $1,000) ($)
|
|
|
|
|
|
|
|
A
|
C
|
I
|
R2
|
R4
|
R6
|
Management fee
|
|
|
|
|
|
|
Distribution and service (Rule 12b-1) fees
|
|
|
|
|
|
|
Other expenses
|
|
|
|
|
|
|
Service plan fee
|
|
|
|
1
|
1
|
|
Additional other expenses
|
|
|
|
|
|
|
Total other expenses
|
|
|
|
|
|
|
Total annual fund operating expenses
|
|
|
|
|
|
|
Contractual expense reimbursement
|
|
|
|
-
2
|
-
3,2
|
-
2
|
Total annual fund operating expenses after expense reimbursements
|
|
|
|
|
|
|
1 | “Service plan fee” has been restated to reflect maximum allowable fees. |
2 | The advisor contractually agrees to waive a portion of its management fee and/or reimburse expenses for the fund and certain other John Hancock funds according to an asset level breakpoint schedule that is based on the aggregate net assets of all the funds participating in the waiver or reimbursement. This waiver is allocated proportionally among the participating funds. During its most recent fiscal year, the fund’s reimbursement amounted to 0.01% of the fund’s average daily net assets. This agreement expires on |
3 | The distributor contractually agrees to limit its Rule 12b-1 fees for Class R4 shares to 0.15%. This agreement expires on July 31, 2023 unless renewed by mutual agreement of the fund and the distributor based upon a determination that this is appropriate under the circumstances at that time. |
Expenses ($)
|
A
|
C
|
I
|
R2
|
R4
|
R6
|
|
|
|
||||||
1 year
|
|
|
|
|
|
|
|
Expenses ($)
|
A
|
C
|
I
|
R2
|
R4
|
R6
|
|
Sold
|
Not Sold
|
||||||
3 years
|
|
|
|
|
|
|
|
5 years
|
|
|
|
|
|
|
|
10 years
|
|
|
|
|
|
|
|
|
1 year
|
5 year
|
10 year
|
Class A (before tax)
|
|
|
|
after tax on distributions
|
|
|
|
after tax on distributions, with sale
|
|
|
|
Class C
|
|
|
|
Class I
|
|
|
|
Class R2
|
|
|
|
Class R4
|
|
|
|
Class R6
|
|
|
|
Russell 1000 Growth Index (reflects no deduction for fees, expenses, or taxes)
|
|
|
|
John A. Boselli, CFA
Senior Managing Director and Equity Portfolio Manager Managed the fund since 2018 |
Timothy N. Manning
Senior Managing Director and Equity Portfolio Manager Managed the fund since 2022 |
Growth investment style risk. Certain equity securities (generally referred to as growth securities) are purchased primarily because a manager believes that these securities will experience relatively rapid earnings growth. Growth securities typically trade at higher multiples of current earnings than other securities. Growth securities are often more sensitive to market fluctuations than other securities because their market prices are highly sensitive to future earnings expectations. At times when it appears that these expectations may not be met, growth stock prices typically fall.
|
Value investment style risk. Certain equity securities (generally referred to as value securities) are purchased primarily because they are selling at prices below what the manager believes to be their fundamental value and not necessarily because the issuing
|
companies are expected to experience significant earnings growth. The fund bears the risk that the companies that issued these securities may not overcome the adverse business developments or other factors causing their securities to be perceived by the manager to be underpriced or that the market may never come to recognize their fundamental value. A value security may not increase in price, as anticipated by the manager investing in such securities, if other investors fail to recognize the company’s value and bid up the price or invest in markets favoring faster growing companies. The fund’s strategy of investing in value securities also carries the risk that in certain markets, value securities will underperform growth securities. In addition, securities issued by U.S. entities with substantial foreign operations may involve risks relating to economic, political or regulatory conditions in foreign countries.
|
•
|
Declines in the value of real estate
|
•
|
Risks related to general and local economic conditions
|
•
|
Possible lack of availability of mortgage funds
|
•
|
Overbuilding
|
•
|
Extended vacancies of properties
|
•
|
Increased competition
|
•
|
Increases in property taxes and operating expenses
|
•
|
Changes in zoning laws
|
•
|
Losses due to costs resulting from the cleanup of environmental problems
|
•
|
Liability to third parties for damages resulting from environmental problems
|
•
|
Casualty or condemnation losses
|
•
|
Limitations on rents
|
•
|
Changes in neighborhood values and the appeal of properties to tenants
|
•
|
Changes in interest rates and
|
•
|
Liquidity risk
|
Average daily net assets ($)
|
Annual rate (%)
|
First 500 million
|
0.600
|
Next 1 billion
|
0.550
|
Excess over 1.5 billion
|
0.530
|
•
|
Senior Managing Director and Equity Portfolio Manager
|
•
|
Managed the fund since 2018
|
•
|
Joined Wellington Management in 2002
|
•
|
Senior Managing Director and Equity Portfolio Manager
|
•
|
Managed the fund since 2022
|
•
|
Joined Wellington Management in 2007
|
U.S. Growth Fund Class A Shares
|
||||||
Per share operating performance
|
Period ended
|
3-31-22
|
3-31-21
|
3-31-20
|
3-31-19
|
3-31-18
|
Net asset value, beginning of period
|
$23.96
|
$16.24
|
$16.23
|
$17.94
|
$16.89
|
|
Net investment income (loss)1
|
(0.10
)
|
(0.07
)
|
0.01
|
(0.01
)
|
0.01
|
|
Net realized and unrealized gain (loss) on investments
|
2.75
|
8.40
|
—
2
|
2.22
|
3.62
|
|
Total from investment operations
|
2.65
|
8.33
|
0.01
|
2.21
|
3.63
|
|
Less distributions
|
|
|
|
|
|
|
From net investment income
|
—
|
—
|
—
|
(0.03
)
|
(0.03
)
|
|
From net realized gain
|
(3.62
)
|
(0.61
)
|
—
|
(3.89
)
|
(2.55
)
|
|
Total distributions
|
(3.62
)
|
(0.61
)
|
—
|
(3.92
)
|
(2.58
)
|
|
Net asset value, end of period
|
$22.99
|
$23.96
|
$16.24
|
$16.23
|
$17.94
|
|
Total return (%)3,4
|
10.06
|
51.37
|
0.06
|
12.22
|
21.91
|
|
Ratios and supplemental data
|
|
|
|
|
|
|
Net assets, end of period (in millions)
|
$670
|
$653
|
$458
|
$404
|
$379
|
|
Ratios (as a percentage of average net assets):
|
|
|
|
|
|
|
Expenses before reductions
|
0.96
|
1.01
|
1.01
|
1.10
|
1.10
|
|
Expenses including reductions
|
0.96
|
1.00
|
1.00
|
1.09
|
1.09
|
|
Net investment income (loss)
|
(0.40
)
|
(0.31
)
|
0.03
|
(0.07
)
|
0.03
|
|
Portfolio turnover (%)
|
91
|
101
|
91
5
|
88
6
|
83
|
1 | Based on average daily shares outstanding. |
2 | Less than $0.005 per share. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Does not reflect the effect of sales charges, if any. |
5 | Excludes in-kind transactions and merger activity. |
6 | Excludes in-kind transactions. |
U.S. Growth Fund Class C Shares
|
||||||
Per share operating performance
|
Period ended
|
3-31-22
|
3-31-21
|
3-31-20
|
3-31-19
|
3-31-18
|
Net asset value, beginning of period
|
$23.08
|
$15.77
|
$15.88
|
$17.71
|
$16.80
|
|
Net investment loss1
|
(0.28
)
|
(0.23
)
|
(0.12
)
|
(0.14
)
|
(0.13
)
|
|
Net realized and unrealized gain (loss) on investments
|
2.66
|
8.15
|
0.01
|
2.20
|
3.59
|
|
Total from investment operations
|
2.38
|
7.92
|
(0.11
)
|
2.06
|
3.46
|
|
Less distributions
|
|
|
|
|
|
|
From net realized gain
|
(3.62
)
|
(0.61
)
|
—
|
(3.89
)
|
(2.55
)
|
|
Total distributions
|
(3.62
)
|
(0.61
)
|
—
|
(3.89
)
|
(2.55
)
|
|
Net asset value, end of period
|
$21.84
|
$23.08
|
$15.77
|
$15.88
|
$17.71
|
|
Total return (%)2,3
|
9.25
|
50.29
|
(0.69
)
|
11.44
|
20.95
|
|
Ratios and supplemental data
|
|
|
|
|
|
|
Net assets, end of period (in millions)
|
$30
|
$35
|
$23
|
$12
|
$18
|
|
Ratios (as a percentage of average net assets):
|
|
|
|
|
|
|
Expenses before reductions
|
1.71
|
1.76
|
1.76
|
1.85
|
1.85
|
|
Expenses including reductions
|
1.71
|
1.75
|
1.75
|
1.84
|
1.84
|
|
Net investment loss
|
(1.15
)
|
(1.07
)
|
(0.72
)
|
(0.85
)
|
(0.72
)
|
|
Portfolio turnover (%)
|
91
|
101
|
91
4
|
88
5
|
83
|
1
|
Based on average daily shares outstanding.
|
2
|
Total returns would have been lower had certain expenses not been reduced during the applicable periods.
|
3
|
Does not reflect the effect of sales charges, if any.
|
4
|
Excludes in-kind transactions and merger activity.
|
5
|
Excludes in-kind transactions.
|
U.S. Growth Fund Class I Shares
|
||||||
Per share operating performance
|
Period ended
|
3-31-22
|
3-31-21
|
3-31-20
|
3-31-19
|
3-31-18
|
Net asset value, beginning of period
|
$24.23
|
$16.38
|
$16.36
|
$18.05
|
$16.98
|
|
Net investment income (loss)1
|
(0.04
)
|
(0.01
)
|
0.05
|
0.04
|
0.06
|
|
Net realized and unrealized gain (loss) on investments
|
2.78
|
8.49
|
(0.01
)
|
2.23
|
3.64
|
|
Total from investment operations
|
2.74
|
8.48
|
0.04
|
2.27
|
3.70
|
|
Less distributions
|
|
|
|
|
|
|
From net investment income
|
—
|
(0.02
)
|
(0.02
)
|
(0.07
)
|
(0.08
)
|
|
From net realized gain
|
(3.62
)
|
(0.61
)
|
—
|
(3.89
)
|
(2.55
)
|
|
Total distributions
|
(3.62
)
|
(0.63
)
|
(0.02
)
|
(3.96
)
|
(2.63
)
|
|
Net asset value, end of period
|
$23.35
|
$24.23
|
$16.38
|
$16.36
|
$18.05
|
|
Total return (%)2
|
10.33
|
51.84
|
0.26
|
12.55
|
22.12
|
|
Ratios and supplemental data
|
|
|
|
|
|
|
Net assets, end of period (in millions)
|
$347
|
$408
|
$321
|
$115
|
$20
|
|
Ratios (as a percentage of average net assets):
|
|
|
|
|
|
|
Expenses before reductions
|
0.71
|
0.76
|
0.76
|
0.87
|
0.84
|
|
Expenses including reductions
|
0.71
|
0.75
|
0.75
|
0.86
|
0.83
|
|
Net investment income (loss)
|
(0.16
)
|
(0.06
)
|
0.28
|
0.25
|
0.31
|
|
Portfolio turnover (%)
|
91
|
101
|
91
3
|
88
4
|
83
|
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
3 | Excludes in-kind transactions and merger activity. |
4 | Excludes in-kind transactions. |
U.S. Growth Fund Class R2 Shares
|
||||||
Per share operating performance
|
Period ended
|
3-31-22
|
3-31-21
|
3-31-20
|
3-31-19
|
3-31-18
|
Net asset value, beginning of period
|
$24.15
|
$16.38
|
$16.40
|
$18.08
|
$17.02
|
|
Net investment loss1
|
(0.14
)
|
(0.10
)
|
(0.02
)
|
(0.04
)
|
(0.02
)
|
|
Net realized and unrealized gain (loss) on investments
|
2.77
|
8.48
|
—
2
|
2.25
|
3.64
|
|
Total from investment operations
|
2.63
|
8.38
|
(0.02
)
|
2.21
|
3.62
|
|
Less distributions
|
|
|
|
|
|
|
From net investment income
|
—
|
—
|
—
|
—
2
|
(0.01
)
|
|
From net realized gain
|
(3.62
)
|
(0.61
)
|
—
|
(3.89
)
|
(2.55
)
|
|
Total distributions
|
(3.62
)
|
(0.61
)
|
—
|
(3.89
)
|
(2.56
)
|
|
Net asset value, end of period
|
$23.16
|
$24.15
|
$16.38
|
$16.40
|
$18.08
|
|
Total return (%)3
|
9.89
|
51.24
|
(0.12
)
|
12.13
|
21.68
|
|
Ratios and supplemental data
|
|
|
|
|
|
|
Net assets, end of period (in millions)
|
$2
|
$1
|
$1
|
$1
|
$1
|
|
Ratios (as a percentage of average net assets):
|
|
|
|
|
|
|
Expenses before reductions
|
1.10
|
1.14
|
1.15
|
1.25
|
1.22
|
|
Expenses including reductions
|
1.09
|
1.13
|
1.14
|
1.25
|
1.21
|
|
Net investment loss
|
(0.54
)
|
(0.45
)
|
(0.11
)
|
(0.22
)
|
(0.11
)
|
|
Portfolio turnover (%)
|
91
|
101
|
91
4
|
88
5
|
83
|
1 | Based on average daily shares outstanding. |
2 | Less than $0.005 per share. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Excludes in-kind transactions and merger activity. |
5 | Excludes in-kind transactions. |
U.S. Growth Fund Class R4 Shares
|
||||||
Per share operating performance
|
Period ended
|
3-31-22
|
3-31-21
|
3-31-20
|
3-31-19
|
3-31-18
|
Net asset value, beginning of period
|
$24.25
|
$16.41
|
$16.39
|
$18.08
|
$17.01
|
|
Net investment income (loss)1
|
(0.05
)
|
(0.03
)
|
0.03
|
0.01
|
0.03
|
|
Net realized and unrealized gain (loss) on investments
|
2.78
|
8.48
|
—
2
|
2.24
|
3.65
|
|
Total from investment operations
|
2.73
|
8.45
|
0.03
|
2.25
|
3.68
|
|
Less distributions
|
|
|
|
|
|
|
From net investment income
|
—
|
—
2
|
(0.01
)
|
(0.05
)
|
(0.06
)
|
|
From net realized gain
|
(3.62
)
|
(0.61
)
|
—
|
(3.89
)
|
(2.55
)
|
|
Total distributions
|
(3.62
)
|
(0.61
)
|
(0.01
)
|
(3.94
)
|
(2.61
)
|
|
Net asset value, end of period
|
$23.36
|
$24.25
|
$16.41
|
$16.39
|
$18.08
|
|
Total return (%)3
|
10.27
|
51.59
|
0.17
|
12.36
|
22.05
|
|
Ratios and supplemental data
|
|
|
|
|
|
|
Net assets, end of period (in millions)
|
$—
4
|
$—
4
|
$1
|
$1
|
$1
|
|
Ratios (as a percentage of average net assets):
|
|
|
|
|
|
|
Expenses before reductions
|
0.89
|
1.00
|
1.00
|
1.10
|
1.06
|
|
Expenses including reductions
|
0.79
|
0.89
|
0.89
|
1.00
|
0.95
|
|
Net investment income (loss)
|
(0.23
)
|
(0.14
)
|
0.15
|
0.03
|
0.18
|
|
Portfolio turnover (%)
|
91
|
101
|
91
5
|
88
6
|
83
|
1 | Based on average daily shares outstanding. |
2 | Less than $0.005 per share. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Less than $500,000. |
5 | Excludes in-kind transactions and merger activity. |
6 | Excludes in-kind transactions. |
U.S. Growth Fund Class R6 Shares
|
||||||
Per share operating performance
|
Period ended
|
3-31-22
|
3-31-21
|
3-31-20
|
3-31-19
|
3-31-18
|
Net asset value, beginning of period
|
$24.30
|
$16.42
|
$16.39
|
$18.08
|
$17.01
|
|
Net investment income (loss)1
|
(0.01
)
|
0.01
|
0.07
|
0.05
|
0.05
|
|
Net realized and unrealized gain (loss) on investments
|
2.78
|
8.51
|
—
2
|
2.24
|
3.67
|
|
Total from investment operations
|
2.77
|
8.52
|
0.07
|
2.29
|
3.72
|
|
Less distributions
|
|
|
|
|
|
|
From net investment income
|
—
|
(0.03
)
|
(0.04
)
|
(0.09
)
|
(0.10
)
|
|
From net realized gain
|
(3.62
)
|
(0.61
)
|
—
|
(3.89
)
|
(2.55
)
|
|
Total distributions
|
(3.62
)
|
(0.64
)
|
(0.04
)
|
(3.98
)
|
(2.65
)
|
|
Net asset value, end of period
|
$23.45
|
$24.30
|
$16.42
|
$16.39
|
$18.08
|
|
Total return (%)3
|
10.43
|
51.96
|
0.38
|
12.68
|
22.26
|
|
Ratios and supplemental data
|
|
|
|
|
|
|
Net assets, end of period (in millions)
|
$145
|
$147
|
$99
|
$15
|
$9
|
|
Ratios (as a percentage of average net assets):
|
|
|
|
|
|
|
Expenses before reductions
|
0.61
|
0.65
|
0.65
|
0.75
|
0.75
|
|
Expenses including reductions
|
0.60
|
0.64
|
0.64
|
0.74
|
0.74
|
|
Net investment income (loss)
|
(0.05
)
|
0.04
|
0.37
|
0.29
|
0.25
|
|
Portfolio turnover (%)
|
91
|
101
|
91
4
|
88
5
|
83
|
1 | Based on average daily shares outstanding. |
2 | Less than $0.005 per share. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Excludes in-kind transactions and merger activity. |
5 | Excludes in-kind transactions. |
•
|
The plan currently holds assets in Class A shares of the fund or any John Hancock fund;
|
•
|
Class A shares of the fund or any other John Hancock fund were established as an investment option under the plan prior to January 1, 2013, and the fund’s representatives have agreed that the plan may invest in Class A shares after that date;
|
•
|
Class A shares of the fund or any other John Hancock fund were established as a part of an investment model prior to January 1, 2013, and the fund’s representatives have agreed that plans utilizing such model may invest in Class A shares after that date; and
|
•
|
Such group retirement plans offered through an intermediary brokerage platform that does not require payments relating to the provisions of services to the fund, such as providing omnibus account services, transaction-processing services, or effecting portfolio transactions for the fund, that are specific to assets held in such group retirement plans and vary from such payments otherwise made for such services with respect to assets held in non-group retirement plan accounts.
|
•
|
Clients of financial intermediaries who: (i) charge such clients a fee for advisory, investment, consulting, or similar services; (ii) have entered into an agreement with the distributor to offer Class I shares through a no-load program or investment platform; or (iii) have entered into an agreement with the distributor to offer Class I shares to clients on certain brokerage platforms where the intermediary is acting solely as an agent for the investor who may be required to pay a commission and/or other forms of compensation to the intermediary. Other share classes of the fund have different fees and expenses.
|
•
|
Retirement and other benefit plans
|
•
|
Endowment funds, foundations, donor advised funds, and other charitable entities
|
•
|
Any state, county, or city, or its instrumentality, department, authority, or agency
|
•
|
Accounts registered to insurance companies, trust companies, and bank trust departments
|
•
|
Any entity that is considered a corporation for tax purposes
|
•
|
Investment companies, both affiliated and not affiliated with the advisor
|
•
|
Trustees, employees of the advisor or its affiliates, employees of the subadvisor, members of the fund’s portfolio management team and the spouses and children (under age 21) of the aforementioned
|
•
|
Qualified tuition programs under Section 529 (529 plans) of the Internal Revenue Code of 1986, as amended (the Code), distributed by John Hancock or one of its affiliates
|
•
|
Retirement plans, including pension, profit-sharing, and other plans qualified under Section 401(a) or described in Section 403(b) or 457 of the Code, and nonqualified deferred compensation plans
|
•
|
Retirement plans, Traditional and Roth IRAs, Coverdell Education Savings Accounts, SEPs, SARSEPs, and SIMPLE IRAs where the shares are held on the books of the fund through investment-only omnibus accounts (either at the plan level or at the level of the financial service firm) that trade through the National Securities Clearing Corporation (NSCC)
|
•
|
Qualified 401(a) plans (including 401(k) plans, Keogh plans, profit-sharing pension plans, money purchase pension plans, target benefit plans, defined benefit pension plans, and Taft-Hartley multi-employer pension plans) (collectively, qualified plans)
|
•
|
Endowment funds and foundations
|
•
|
Any state, county, or city, or its instrumentality, department, authority, or agency
|
•
|
403(b) plans and 457 plans, including 457(a) governmental entity plans and tax-exempt plans
|
•
|
Accounts registered to insurance companies, trust companies, and bank trust departments
|
•
|
Investment companies, both affiliated and not affiliated with the advisor
|
•
|
Any entity that is considered a corporation for tax purposes, including corporate nonqualified deferred compensation plans of such corporations
|
•
|
Trustees, employees of the advisor or its affiliates, employees of the subadvisor, members of the fund’s portfolio management team and the spouses and children (under age 21) of the aforementioned
|
•
|
Financial intermediaries utilizing fund shares in certain eligible qualifying investment product platforms under a signed agreement with the distributor
|
•
|
A front-end sales charge, as described in the section “How sales charges for Class A and Class C shares are calculated”
|
•
|
Distribution and service (Rule 12b-1) fees of 0.25%
|
•
|
A 1.00% CDSC on certain shares sold within one year of purchase
|
•
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No front-end sales charge; all your money goes to work for you right away
|
•
|
Rule 12b-1 fees of 1.00%
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•
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A 1.00% CDSC on shares sold within one year of purchase
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•
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Automatic conversion to Class A shares after eight years, thus reducing future annual expenses (certain exclusions may apply)
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•
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No front-end or deferred sales charges; however, if you purchase Class I shares through a broker acting solely as an agent on behalf of its customers, you may be required to pay a commission to the broker
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•
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No Rule 12b-1 fees
|
•
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No front-end or deferred sales charges; all your money goes to work for you right away
|
•
|
Rule 12b-1 fees of 0.25%
|
•
|
No front-end or deferred sales charges; all your money goes to work for you right away
|
•
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Rule 12b-1 fees of 0.15% (under the Rule 12b-1 plan, the distributor has the ability to collect 0.25%; however, the distributor has contractually agreed to waive 0.10% of these fees through July 31, 2023)
|
•
|
No front-end or deferred sales charges; all your money goes to work for you right away
|
•
|
No Rule 12b-1 fees
|
•
|
directly, by the payment of sales commissions, if any; and
|
•
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indirectly, as a result of the fund paying Rule 12b-1 fees.
|
Your investment ($)
|
As a % of
offering price* |
As a % of your investment
|
Up to 49,999
|
5.00
|
5.26
|
50,000–99,999
|
4.50
|
4.71
|
100,000–249,999
|
3.50
|
3.63
|
250,000–499,999
|
2.50
|
2.56
|
500,000–999,999
|
2.00
|
2.04
|
1,000,000 and over
|
See below
|
* | Offering price is the net asset value per share plus any initial sales charge. |
Years after purchase
|
CDSC (%)
|
1st year
|
1.00
|
After 1st year
|
None
|
Years after purchase
|
CDSC (%)
|
1st year
|
1.00
|
After 1st year
|
None
|
•
|
Accumulation privilege—lets you add the value of any class of shares of any John Hancock open-end fund you already own to the amount of your next Class A investment for purposes of calculating the sales charge. However, Class A shares of money market funds will not qualify unless you have already paid a sales charge on those shares.
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•
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Letter of intention—lets you purchase Class A shares of a fund over a 13-month period and receive the same sales charge as if all shares had been purchased at once. You can use a letter of intention to qualify for reduced sales charges if you plan to invest at least to the first breakpoint level (generally $50,000 or $100,000 depending on the specific fund) in a John Hancock fund’s Class A shares during the next 13 months. Completing a letter of intention does not obligate you to purchase additional shares. However, if you do not buy enough shares to qualify for the lower sales charges by the earlier of the end of the 13-month period or when you sell your shares, your sales charges will be recalculated to reflect your actual amount purchased. It is your
|
responsibility to tell John Hancock Signature Services Inc. or your financial professional when you believe you have purchased shares totaling an amount eligible for reduced sales charges, as stated in your letter of intention. Further information is provided in the SAI.
|
•
|
Combination privilege—lets you combine shares of all funds for purposes of calculating the Class A sales charge.
|
•
|
to make payments through certain systematic withdrawal plans
|
•
|
certain retirement plans participating in PruSolutionsSM programs
|
•
|
redemptions pursuant to the fund’s right to liquidate an account that is below the minimum account value stated below in “Dividends and account policies,” under the subsection “Small accounts”
|
•
|
redemptions of Class A shares made after one year from the inception of a retirement plan at John Hancock
|
•
|
redemptions made under certain liquidation, merger or acquisition transactions involving other investment companies or personal holding companies
|
•
|
to make certain distributions from a retirement plan
|
•
|
because of shareholder death or disability
|
•
|
rollovers, contract exchanges, or transfers of John Hancock custodial 403(b)(7) account assets required by John Hancock as a result of its decision to discontinue maintaining and administering 403(b)(7) accounts
|
•
|
Selling brokers and their employees and sales representatives (and their Immediate Family, as defined in the SAI)
|
•
|
Financial intermediaries utilizing fund shares in eligible retirement platforms, fee-based, or wrap investment products
|
•
|
Financial intermediaries who offer shares to self-directed investment brokerage accounts that may or may not charge a transaction fee to their customers
|
•
|
Fund Trustees and other individuals who are affiliated with these or other John Hancock funds, including employees of John Hancock companies or Manulife Financial Corporation (and their Immediate Family, as defined in the SAI)
|
•
|
Individuals exchanging shares held in an eligible fee-based program for Class A shares, provided however, subsequent purchases in Class A shares will be subject to applicable sales charges
|
•
|
Individuals transferring assets held in a SIMPLE IRA, SEP, or SARSEP invested in John Hancock funds directly to an IRA
|
•
|
Individuals converting assets held in an IRA, SIMPLE IRA, SEP, or SARSEP invested in John Hancock funds directly to a Roth IRA
|
•
|
Individuals recharacterizing assets from an IRA, Roth IRA, SEP, SARSEP, or SIMPLE IRA invested in John Hancock funds back to the original account type from which they were converted
|
•
|
Participants in group retirement plans that are eligible and permitted to purchase Class A shares as described in the “Choosing an eligible share class” section above. This waiver is contingent upon the group retirement plan being in a recordkeeping arrangement and does not apply to group retirement plans transacting business with the fund through a brokerage relationship in which sales charges are customarily imposed, unless such brokerage relationship qualifies for a sales charge waiver as described. In addition, this waiver does not apply to a group retirement plan that leaves its current recordkeeping arrangement and subsequently transacts business with the fund through a brokerage relationship in which sales charges are customarily imposed. Whether a sales charge waiver is available to your group retirement plan through its record keeper depends upon the policies and procedures of your intermediary. Please consult your financial professional for further information
|
•
|
Retirement plans participating in PruSolutionsSM programs
|
•
|
Terminating participants in a pension, profit-sharing, or other plan qualified under Section 401(a) of the Code, or described in Section 457(b) of the Code, (i) that is funded by certain John Hancock group annuity contracts, (ii) for which John Hancock Trust Company serves as trustee or custodian, or (iii) the trustee or custodian of which has retained John Hancock Retirement Plan Services (“RPS”) as a service provider, rolling over assets (directly or within 60 days after
|
distribution) from such a plan (or from a John Hancock Managed IRA or John Hancock Annuities IRA into which such assets have already been rolled over) to a John Hancock custodial IRA or John Hancock custodial Roth IRA that invests in John Hancock funds, or the subsequent establishment of or any rollover into a new John Hancock fund account by such terminating participants and/or their Immediate Family (as defined in the SAI), including subsequent investments into such accounts, and that are held directly at John Hancock funds or at the John Hancock Personal Financial Services (“PFS”) Financial Center
|
•
|
Participants in a terminating pension, profit-sharing, or other plan qualified under Section 401(a) of the Code, or described in Section 457(b) of the Code (the assets of which, immediately prior to such plan’s termination, were (a) held in certain John Hancock group annuity contracts, (b) in trust or custody by John Hancock Trust Company, or (c) by a trustee or custodian which has retained John Hancock RPS as a service provider, but have been transferred from such contracts or trust funds and are held either: (i) in trust by a distribution processing organization; or (ii) in a custodial IRA or custodial Roth IRA sponsored by an authorized third-party trust company and made available through John Hancock), rolling over assets (directly or within 60 days after distribution) from such a plan to a John Hancock custodial IRA or John Hancock custodial Roth IRA that invests in John Hancock funds, or the subsequent establishment of or any rollover into a new John Hancock fund account by such participants and/or their Immediate Family (as defined in the SAI), including subsequent investments into such accounts, and that are held directly at John Hancock funds or at the PFS Financial Center
|
•
|
Participants actively enrolled in a John Hancock RPS plan account (or an account the trustee of which has retained John Hancock RPS as a service provider) rolling over or transferring assets into a new John Hancock custodial IRA or John Hancock custodial Roth IRA that invests in John Hancock funds through John Hancock PFS (to the extent such assets are otherwise prohibited from rolling over or transferring into such participant’s John Hancock RPS plan account), including subsequent investments into such accounts, and that are held directly at John Hancock funds or at the John Hancock PFS Financial Center
|
•
|
Individuals rolling over assets held in a John Hancock custodial 403(b)(7) account into a John Hancock custodial IRA account
|
•
|
Former employees/associates of John Hancock, its affiliates, or agencies rolling over (directly or indirectly within 60 days after distribution) to a new John Hancock custodial IRA or John Hancock custodial Roth IRA from the John Hancock Employee Investment-Incentive Plan (TIP), John Hancock Savings Investment Plan (SIP), or the John Hancock Pension Plan, and such participants and their Immediate Family (as defined in the SAI) subsequently establishing or rolling over assets into a new John Hancock account through the John Hancock PFS Group, including subsequent investments into such accounts, and that are held directly at John Hancock funds or at the John Hancock PFS Financial Center
|
•
|
A member of a class action lawsuit against insurance companies who is investing settlement proceeds
|
•
|
Exchanges from one John Hancock fund to the same class of any other John Hancock fund (see “Transaction policies” in this prospectus for additional details)
|
•
|
Dividend reinvestments (see “Dividends and account policies” in this prospectus for additional details)
|
•
|
In addition, the availability of certain sales charge waivers and discounts will depend on whether you purchase your shares directly from the fund or through a financial intermediary. Intermediaries may have different policies and procedures regarding the availability of front-end sales charge waivers or CDSC waivers (See Appendix 1 - Intermediary sales charge waivers, which includes information about specific sales charge waivers applicable to the intermediaries identified therein). In all instances, it is the purchaser’s responsibility to notify the fund or the purchaser’s financial intermediary at the time of purchase of any relationship or other facts qualifying the purchaser for sales charge waivers or discounts. For waivers and discounts not available through a particular intermediary, shareholders will have to purchase fund shares directly from the fund or through another intermediary to receive these waivers or discounts.
|
1 | Read this prospectus carefully. |
2 | Determine if you are eligible by referring to “Choosing an eligible share class.” |
3 | Determine how much you want to invest. There is no minimum initial investment to purchase Class R2 or Class R4 shares. The minimum initial investments for Class A, Class C, Class I and Class R6 shares are described below. There are no subsequent minimum investment requirements for these share classes. |
Share Class
|
Minimum initial investment
|
Class A and Class C
|
$1,000 ($250 for group investments). However, there is no minimum initial investment for certain group retirement plans using salary deduction or similar group methods of payment, for fee-based or wrap accounts of selling firms that have executed a fee-based or wrap agreement with the distributor, or for certain other eligible investment product platforms.
|
Class I
|
$250,000. However, the minimum initial investment requirement may be waived, at the fund’s sole discretion, for investors in certain fee-based, wrap, or other investment platform programs, or in certain brokerage platforms where the intermediary is acting solely as an agent for the investor. The fund also may waive the minimum initial investment for other categories of investors at its discretion, including for Trustees, employees of the advisor or its affiliates, employees of the subadvisor, members of the fund’s portfolio management team and the spouses and children (under age 21) of the aforementioned.
|
Share Class
|
Minimum initial investment
|
Class R6
|
$1 million. However, there is no minimum initial investment requirement for: (i) qualified and nonqualified plan investors; (ii) certain eligible qualifying investment product platforms; or (iii) Trustees, employees of the advisor or its affiliates, employees of the subadvisor, members of the fund’s portfolio management team and the spouses and children (under age 21) of the aforementioned.
|
4 | All Class A, Class C, Class I and Class R6 shareholders must complete the account application, carefully following the instructions. If you have any questions, please contact your financial professional or call Signature Services at 800-225-5291 for Class A and Class C shares or 888-972-8696 for Class I and Class R6 shares. |
5 | Eligible retirement plans generally may open an account and purchase Class R2 or Class R4 shares by contacting any broker-dealer or other financial service firm authorized to sell Class R2 or Class R4 shares of the fund. Additional shares may be purchased through a retirement plan’s administrator or recordkeeper. |
6 | For Class A and Class C shares, complete the appropriate parts of the account privileges application. By applying for privileges now, you can avoid the delay and inconvenience of having to file an additional application if you want to add privileges later. |
7 | For Class A, Class C, Class I and Class R6 shares, make your initial investment using the instructions under “Buying shares.” You and your financial professional can initiate any purchase, exchange, or sale of shares. |
Opening an account
|
Adding to an account
|
By check
|
|
|
|
By exchange
|
|
|
|
By wire
|
|
|
|
By internet
|
|
|
|
By phone
|
|
|
To add to an account using the Monthly Automatic Accumulation Program, see “Additional investor services.”
|
Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
EASI-Line
(24/7 automated service) 800-338-8080 |
Signature Services, Inc.
800-225-5291 |
Opening an account
|
Adding to an account
|
By check
|
|
|
|
By exchange
|
|
|
|
By wire
|
|
|
|
By internet
|
|
|
|
By phone
|
|
|
|
Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
Signature Services, Inc.
888-972-8696 |
Opening an account
|
Adding to an account
|
By check
|
|
|
|
By exchange
|
|
|
|
By wire
|
|
|
|
By internet
|
|
|
|
By phone
|
|
|
|
Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
Signature Services, Inc.
888-972-8696 |
To sell some or all of your shares
|
|
By letter
|
|
|
|
By internet
|
|
|
|
By phone
|
|
|
|
By wire or electronic funds transfer (EFT)
|
|
|
|
By exchange
|
|
|
To sell shares through a systematic withdrawal plan, see “Additional investor services.”
|
Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
EASI-Line
(24/7 automated service) 800-338-8080 |
Signature Services, Inc.
800-225-5291 |
•
|
your address or bank of record has changed within the past 30 days, and you would like the payment to be sent to your new address or bank,
|
•
|
you are selling more than $100,000 worth of shares (this requirement is waived for certain entities operating under a signed fax trading agreement with John Hancock), or
|
•
|
you are requesting payment other than by a check mailed to the address/bank of record and payable to the registered owner(s).
|
Seller
|
Requirements for written requests
|
Owners of individual, joint, or UGMA/UTMA accounts (custodial accounts for minors)
|
|
Owners of corporate, sole proprietorship, general partner, or association accounts
|
|
Owners or trustees of trust accounts
|
|
Joint tenancy shareholders with rights of survivorship with deceased co-tenant(s)
|
|
Executors of shareholder estates
|
|
Administrators, conservators, guardians, and other sellers, or account types not listed above
|
|
Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
EASI-Line
(24/7 automated service) 800-338-8080 |
Signature Services, Inc.
800-225-5291 |
To sell some or all of your shares
|
|
By letter
|
|
|
|
By internet
|
|
|
|
By phone
|
|
Amounts up to $100,000:
Amounts up to $5 million:
|
|
By wire or electronic funds transfer (EFT)
|
|
|
|
By exchange
|
|
|
|
Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
Signature Services, Inc.
888-972-8696 |
•
|
your address or bank of record has changed within the past 30 days, and you would like the payment to be sent to your new address or bank;
|
•
|
you are selling more than $100,000 worth of shares and are requesting payment by check (this requirement is waived for certain entities operating under a signed fax trading agreement with John Hancock);
|
•
|
you are selling more than $5 million worth of shares from the following types of accounts: custodial accounts held by banks, trust companies, or broker-dealers; endowments and foundations; corporate accounts; group retirement plans; and pension accounts (excluding IRAs, 403(b) plans, and all John Hancock custodial retirement accounts); or
|
•
|
you are requesting payment other than by a check mailed to the address/bank of record and payable to the registered owner(s).
|
Seller
|
Requirements for written requests
|
Owners of individual, joint, or UGMA/UTMA accounts (custodial accounts for minors)
|
|
Owners of corporate, sole proprietorship, general partner, or association accounts
|
|
Owners or trustees of trust accounts
|
|
Joint tenancy shareholders with rights of survivorship with deceased co-tenant(s)
|
|
Executors of shareholder estates
|
|
Administrators, conservators, guardians, and other sellers, or account types not listed above
|
|
Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
Signature Services, Inc.
888-972-8696 |
To sell some or all of your shares
|
|
By letter
|
|
|
|
By internet
|
|
|
|
By phone
|
|
Amounts up to $5 million:
|
|
By wire or electronic funds transfer (EFT)
|
|
|
|
By exchange
|
|
|
|
Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
Signature Services, Inc.
888-972-8696 |
•
|
your address or bank of record has changed within the past 30 days, and you would like the payment to be sent to your new address or bank;
|
•
|
you are selling more than $100,000 worth of shares and are requesting payment by check (this requirement is waived for certain entities operating under a signed fax trading agreement with John Hancock);
|
•
|
you are selling more than $5 million worth of shares from the following types of accounts: custodial accounts held by banks, trust companies, or broker-dealers; endowments and foundations; corporate accounts; and group retirement plans; or
|
•
|
you are requesting payment other than by a check mailed to the address/bank of record and payable to the registered owner(s).
|
Seller
|
Requirements for written requests
|
Owners of individual, joint, or UGMA/UTMA accounts (custodial accounts for minors)
|
|
Owners of corporate, sole proprietorship, general partner, or association accounts
|
|
Owners or trustees of trust accounts
|
|
Joint tenancy shareholders with rights of survivorship with deceased co-tenant(s)
|
|
Executors of shareholder estates
|
|
Administrators, conservators, guardians, and other sellers, or account types not listed above
|
|
Regular mail
John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 |
Express delivery
John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
Website
jhinvestments.com |
Signature Services, Inc.
888-972-8696 |
•
|
A fund that invests a significant portion of its assets in small- or mid-capitalization stocks or securities in particular industries that may trade infrequently or are fair valued as discussed under “Valuation of securities” entails a greater risk of excessive trading, as investors may seek to trade fund shares in an effort to benefit from their understanding of the value of those types of securities (referred to as price arbitrage).
|
•
|
A fund that invests a material portion of its assets in securities of foreign issuers may be a potential target for excessive trading if investors seek to engage in price arbitrage based upon general trends in the securities markets that occur subsequent to the close of the primary market for such securities.
|
•
|
A fund that invests a significant portion of its assets in below-investment-grade (junk) bonds that may trade infrequently or are fair valued as discussed under “Valuation of securities” incurs a greater risk of excessive trading, as investors may seek to trade fund
|
shares in an effort to benefit from their understanding of the value of those types of securities (referred to as price arbitrage).
|
•
|
after every transaction (except a dividend reinvestment, automatic investment, or systematic withdrawal) that affects your account balance
|
•
|
after any changes of name or address of the registered owner(s)
|
•
|
in all other circumstances, every quarter
|
•
|
after every transaction (except a dividend reinvestment) that affects your account balance
|
•
|
after any changes of name or address of the registered owner(s)
|
•
|
in all other circumstances, every quarter
|
•
|
Make sure you have at least $5,000 worth of shares in your account.
|
•
|
Make sure you are not planning to invest more money in this account (buying shares during a period when you are also selling shares of the same fund is not advantageous to you because of sales charges).
|
•
|
Specify the payee(s). The payee may be yourself or any other party, and there is no limit to the number of payees you may have, as long as they are all on the same payment schedule.
|
•
|
Determine the schedule: monthly, quarterly, semiannually, annually, or in certain selected months.
|
•
|
Fill out the relevant part of the account application. To add a systematic withdrawal plan to an existing account, contact your financial professional or Signature Services.
|
•
|
Employer-sponsored retirement, deferred compensation and employee benefit plans (including health savings accounts) and trusts used to fund those plans, provided that the shares are not held in a commission-based brokerage account and shares are held for the benefit of the plan
|
•
|
Shares purchased by a 529 Plan (does not include 529 Plan units or 529-specific share classes or equivalents)
|
•
|
Shares purchased through a Merrill Lynch affiliated investment advisory program
|
•
|
Shares exchanged due to the holdings moving from a Merrill Lynch affiliated investment advisory program to a Merrill Lynch brokerage (non-advisory) account pursuant to Merrill Lynch’s policies relating to sales load discounts and waivers
|
•
|
Shares purchased by third party investment advisors on behalf of their advisory clients through Merrill Lynch’s platform
|
•
|
Shares of funds purchased through the Merrill Edge Self-Directed platform (if applicable)
|
•
|
Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund (but not any other fund within the fund family)
|
•
|
Shares exchanged from Class C (i.e. level-load) shares of the same fund pursuant to Merrill Lynch’s policies relating to sales load discounts and waivers
|
•
|
Employees and registered representatives of Merrill Lynch or its affiliates and their family members
|
•
|
Directors or Trustees of the fund, and employees of the fund’s investment adviser or any of its affiliates, as described in the prospectus
|
•
|
Eligible shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (known as Rights of Reinstatement). Automated transactions (i.e. systematic purchases and withdrawals) and purchases made after shares are automatically sold to pay Merrill Lynch’s account maintenance fees are not eligible for reinstatement
|
•
|
Death or disability of the shareholder
|
•
|
Shares sold as part of a systematic withdrawal plan as described in the fund’s prospectus
|
•
|
Return of excess contributions from an IRA Account
|
•
|
Shares sold as part of a required minimum distribution for IRA and retirement accounts pursuant to the Internal Revenue Code
|
•
|
Shares sold to pay Merrill Lynch fees but only if the transaction is initiated by Merrill Lynch
|
•
|
Shares acquired through a Right of Reinstatement
|
•
|
Shares held in retirement brokerage accounts, that are exchanged for a lower cost share class due to transfer to certain fee based accounts or platforms (applicable to Class A and Class C shares only)
|
•
|
Shares received through an exchange due to the holdings moving from a Merrill Lynch affiliated investment advisory program to a Merrill Lynch brokerage (non-advisory) account pursuant to Merrill Lynch’s policies relating to sales load discounts and waivers
|
•
|
Breakpoints as described in the fund’s prospectus
|
•
|
Rights of Accumulation (ROA) which entitle shareholders to breakpoint discounts as described in the fund’s prospectus will be automatically calculated based on the aggregated holding of fund family assets held by accounts (including 529 program holdings where applicable) within the purchaser’s household at Merrill Lynch. Eligible fund family assets not held at Merrill Lynch may be included in the ROA calculation only if the shareholder notifies his or her financial professional about such assets
|
•
|
Letters of Intent (LOI) which allow for breakpoint discounts based on anticipated purchases within a fund family, through Merrill Lynch, over a 13-month period of time (if applicable)
|
•
|
Employer-sponsored retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans). For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs or SAR-SEPs
|
•
|
Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund (but not any other fund within the same fund family)
|
•
|
Shares exchanged from Class C shares of the same fund in the month of or following the 7-year anniversary of the purchase date. To the extent that this prospectus elsewhere provides for a waiver with respect to exchanges of Class C shares or conversion of Class C shares following a shorter holding period, that waiver will apply
|
•
|
Employees and registered representatives of Ameriprise Financial or its affiliates and their immediate family members
|
•
|
Shares purchased by or through qualified accounts (including IRAs, Coverdell Education Savings Accounts, 401(k)s, 403(b) TSCAs subject to ERISA and defined benefit plans) that are held by a covered family member, defined as an Ameriprise financial advisor and/or the advisor’s spouse, advisor’s lineal ascendant (mother, father, grandmother, grandfather, great grandmother, great grandfather), advisor’s lineal descendant (son, step-son, daughter, step-daughter, grandson, granddaughter, great grandson, great granddaughter) or any spouse of a covered family member who is a lineal descendant
|
•
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Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (i.e. Rights of Reinstatement)
|
•
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Employer-sponsored retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans). For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs, SAR-SEPs or Keogh plans
|
•
|
Morgan Stanley employee and employee-related accounts according to Morgan Stanley’s account linking rules
|
•
|
Shares purchased through reinvestment of dividends and capital gains distributions when purchasing shares of the same fund
|
•
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Shares purchased through a Morgan Stanley self-directed brokerage account
|
•
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Class C (i.e., level-load) shares that are no longer subject to a contingent deferred sales charge and are converted to Class A shares of the same fund by Morgan Stanley Wealth Management pursuant to its share class conversion program
|
•
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Shares purchased from the proceeds of redemptions within the same fund family, provided (i) the repurchase occurs within 90 days following the redemption, (ii) the redemption and purchase occur in the same account, and (iii) redeemed shares were subject to a front-end or deferred sales charge
|
•
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Shares purchased in an investment advisory program
|
•
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Shares purchased within the same fund family through a systematic reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund
|
•
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Employees and registered representatives of Raymond James or its affiliates and their family members as designated by Raymond James
|
•
|
Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (known as Rights of Reinstatement)
|
•
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A shareholder in the fund’s Class C shares will have their shares converted at net asset value to Class A shares (or the appropriate share class) of the fund if the shares are no longer subject to a CDSC and the conversion is in line with the policies and procedures of Raymond James
|
•
|
Death or disability of the shareholder
|
•
|
Shares sold as part of a systematic withdrawal plan as described in the fund’s prospectus
|
•
|
Return of excess contributions from an IRA Account
|
•
|
Shares sold as part of a required minimum distribution for IRA and retirement accounts due to the shareholder reaching the qualified age based on applicable IRS regulations as described in the fund’s prospectus
|
•
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Shares sold to pay Raymond James fees but only if the transaction is initiated by Raymond James
|
•
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Shares acquired through a right of reinstatement
|
•
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Breakpoints as described in the fund’s prospectus
|
•
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Rights of accumulation which entitle shareholders to breakpoint discounts will be automatically calculated based on the aggregated holding of fund family assets held by accounts within the purchaser’s household at Raymond James. Eligible fund family assets not held at Raymond James may be included in the calculation of rights of accumulation only if the shareholder notifies his or her financial professional about such assets
|
•
|
Letters of intent which allow for breakpoint discounts based on anticipated purchases within a fund family, over a 13-month time period. Eligible fund family assets not held at Raymond James may be included in the calculation of letters of intent only if the shareholder notifies his or her financial professional about such assets
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•
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Associates of Edward Jones and its affiliates and their family members who are in the same pricing group (as determined by Edward Jones under its policies and procedures) as the associate. This waiver will continue for the remainder of the associate’s life if the associate retires from Edward Jones in good-standing and remains in good standing pursuant to Edward Jones’ policies and procedures
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•
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Shares purchased in an Edward Jones fee-based program
|
•
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Shares purchased through reinvestment of capital gains distributions and dividend reinvestment
|
•
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Shares purchased from the proceeds of redeemed shares of the same fund family so long as the following conditions are met: 1) the proceeds are from the sale of shares within 60 days of the purchase, and 2) the sale and purchase are made in the same share class and the same account or the purchase is made in an individual retirement account with proceeds from liquidations in a non-retirement account
|
•
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Shares exchanged into Class A shares from another share class so long as the exchange is into the same fund and was initiated at the discretion of Edward Jones. Edward Jones is responsible for any remaining CDSC due to the fund company, if applicable. Any future purchases are subject to the applicable sales charge as disclosed in the prospectus
|
•
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Exchanges from Class C shares to Class A shares of the same fund, generally, in the 84th month following the anniversary of the purchase date or earlier at the discretion of Edward Jones
|
•
|
Shares sold upon the death or disability of the shareholder
|
•
|
Shares sold as part of a systematic withdrawal plan (limited to up to 10% per year of the account value)
|
•
|
Return of excess contributions from an Individual Retirement Account (IRA)
|
•
|
Shares sold as part of a required minimum distribution for IRA and retirement accounts if the redemption is taken in or after the year the shareholder reaches qualified age based on applicable IRS regulations
|
•
|
Shares sold to pay Edward Jones fees or costs in such cases where the transaction is initiated by Edward Jones
|
•
|
Shares exchanged at Edward Jones’ discretion in an Edward Jones fee-based program. In such circumstances, Edward Jones is responsible for any remaining CDSC due to the fund company, if applicable
|
•
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Shares acquired through a right of reinstatement
|
•
|
Shares redeemed at the discretion of Edward Jones for Minimum Balances, as described below
|
•
|
Breakpoint pricing, otherwise known as volume pricing, at dollar thresholds, as described in this prospectus
|
•
|
Rights of Accumulation (ROA). The applicable sales charge on a purchase of Class A shares is determined by taking into account all share classes (except certain money market funds and any assets held in group retirement plans) of the fund family held by the shareholder or in an account grouped by Edward Jones with other accounts for the purpose of providing certain pricing considerations (pricing groups). If grouping assets as a shareholder, this includes all share classes held on the Edward Jones platform and/or held on another platform. The inclusion of eligible fund family assets in the ROA calculation is dependent on the shareholder notifying Edward Jones of such assets at the time of calculation. The employer maintaining a SEP IRA plan and/or SIMPLE IRA plan may elect to establish or change ROA for the IRA accounts associated with the plan to a plan-level grouping as opposed to including all share classes at a shareholder or pricing group level. ROA is determined by calculating the higher of cost minus redemptions or market value (current shares x NAV). Money market funds are included only if such shares were sold with a sales charge at the time of purchase or acquired in exchange for shares purchased with a sales charge
|
•
|
Letter of Intent (LOI). Through a LOI, shareholders can receive the sales charge and breakpoint discounts for purchases shareholders intend to make over a 13-month period from the date Edward Jones receives the LOI. The LOI is determined by calculating the higher of cost or market value of qualifying holdings at LOI initiation in combination with the value that the shareholder intends to buy over a 13-month period to calculate the front-end sales charge and any breakpoint discounts. Each purchase the shareholder makes during that 13-month period will receive the sales charge and breakpoint discount that applies to the total amount. The inclusion of eligible fund family assets in the LOI calculation is dependent on the shareholder notifying Edward Jones of such assets at the time of calculation. Purchases made before the LOI is received by Edward Jones are not adjusted under the LOI and will not reduce the sales charge previously paid. Sales charges will be adjusted if LOI is not met. If the employer maintaining a SEP IRA plan and/or SIMPLE IRA plan has elected to establish or change ROA for the IRA accounts associated with the plan to a plan-level grouping, LOIs will also be at the plan-level and may only be established by the employer
|
•
|
Initial purchase minimum: $250
|
•
|
Subsequent purchase minimum: none
|
•
|
Edward Jones has the right to redeem at its discretion fund holdings with a balance of $250 or less. The following are examples of accounts that are not included in this policy:
|
•
|
A fee-based account held on an Edward Jones platform
|
•
|
A 529 account held on an Edward Jones platform
|
•
|
An account with an active systematic investment plan or LOI
|
•
|
At any time it deems necessary, Edward Jones has the authority to exchange at NAV a shareholder’s holdings in a fund to Class A shares of the same fund
|
•
|
Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund (but not any other fund within the fund family)
|
•
|
Shares purchased by employees and registered representatives of Janney or its affiliates and their family members as designated by Janney
|
•
|
Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within ninety (90) days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (i.e., right of reinstatement)
|
•
|
Employer-sponsored retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans). For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs, SAR-SEPs or Keogh plans
|
•
|
Shares acquired through a right of reinstatement
|
•
|
Class C shares that are no longer subject to a contingent deferred sales charge and are converted to Class A shares of the same fund pursuant to Janney’s policies and procedures
|
•
|
Shares sold upon the death or disability of the shareholder
|
•
|
Shares sold as part of a systematic withdrawal plan as described in the fund’s prospectus
|
•
|
Shares purchased in connection with a return of excess contributions from an IRA account
|
•
|
Shares sold as part of a required minimum distribution for IRA and retirement accounts if the redemption is taken in or after the year the shareholder reaches qualified age based on applicable IRS regulations
|
•
|
Shares sold to pay Janney fees but only if the transaction is initiated by Janney
|
•
|
Shares acquired through a right of reinstatement
|
•
|
Shares exchanged into the same share class of a different fund
|
•
|
Breakpoints as described in the fund’s prospectus
|
•
|
Rights of accumulation (ROA), which entitle shareholders to breakpoint discounts, will be automatically calculated based on the aggregated holding of fund family assets held by accounts within the purchaser’s household at Janney. Eligible fund family assets not held at Janney may be included in the ROA calculation only if the shareholder notifies his or her financial professional about such assets
|
•
|
Letters of intent which allow for breakpoint discounts based on anticipated purchases within a fund family, over a 13-month time period. Eligible fund family assets not held at Janney may be included in the calculation of letters of intent only if the shareholder notifies his or her financial professional about such assets
|
•
|
Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund
|
•
|
Shares purchased by employees and registered representatives of Baird or its affiliates and their family members as designated by Baird
|
•
|
Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales charge (known as rights of reinstatement)
|
•
|
Class C shares will be converted at net asset value to Class A shares of the same fund if the shares are no longer subject to CDSC and the conversion is in line with the policies and procedures of Baird
|
•
|
Employer-sponsored retirement plans or charitable accounts in a transactional brokerage account at Baird, including 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans. For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs or SAR-SEPs
|
•
|
Shares sold due to death or disability of the shareholder
|
•
|
Shares sold as part of a systematic withdrawal plan as described in the fund’s prospectus
|
•
|
Shares bought due to returns of excess contributions from an IRA Account
|
•
|
Shares sold as part of a required minimum distribution for IRA and retirement accounts due to the shareholder reaching the qualified age based on applicable IRS regulations as described in the fund’s prospectus
|
•
|
Shares sold to pay Baird fees but only if the transaction is initiated by Baird
|
•
|
Shares acquired through a right of reinstatement
|
•
|
Breakpoints as described in this prospectus
|
•
|
Rights of accumulations which entitle shareholders to breakpoint discounts will be automatically calculated based on the aggregated holdings of fund family assets held by accounts within the purchaser’s household at Baird. Eligible fund family assets not held at Baird may be included in the rights of accumulations calculation only if the shareholder notifies his or her financial advisor about such assets
|
•
|
Letters of Intent (LOI) allow for breakpoint discounts based on anticipated purchases within the fund family through Baird, over a 13-month period of time
|
•
|
Class C shares that have been held for more than seven (7) years converted to Class A shares of the same fund pursuant to Stifel’s policies and procedures.
|
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© 2022 John Hancock Investment Management Distributors LLC, Member FINRA, SIPC
200 Berkeley Street Boston, MA 02116 800-225-5291, jhinvestments.com Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by its affiliates under license.
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SEC file number: 811-21777
3930PN 8/1/22 |
Ticker
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John Hancock Disciplined Value Fund
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JDVNX
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John Hancock Disciplined Value Mid Cap Fund
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—
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John Hancock Diversified Real Assets Fund
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—
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John Hancock Fundamental Equity Income Fund
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—
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John Hancock Global Shareholder Yield Fund
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—
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John Hancock Mid Cap Growth Fund
|
JACFX
|
John Hancock International Growth Fund
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JIGHX
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John Hancock U.S. Growth Fund (formerly U.S. Quality Growth Fund)
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—
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Fund summary
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For more information
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NAV
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Maximum front-end sales charge (load)
|
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Maximum deferred sales charge (load)
|
|
|
NAV
|
Management fee1
|
|
Other expenses
|
|
Total annual fund operating expenses
|
|
Contractual expense reimbursement2
|
-
|
Total annual fund operating expenses after expense reimbursements
|
|
1 | “Management fee” has been restated to reflect the contractual management fee schedule effective October 1, 2021. |
2 | The advisor contractually agrees to waive a portion of its management fee and/or reimburse expenses for the fund and certain other John Hancock funds according to an asset level breakpoint schedule that is based on the aggregate net assets of all the funds participating in the waiver or reimbursement. This waiver is allocated proportionally among the participating funds. During its most recent fiscal year, the fund’s reimbursement amounted to 0.01% of the fund’s average daily net assets. This agreement expires on |
Expenses ($)
|
NAV
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1 year
|
|
3 years
|
|
5 years
|
|
10 years
|
|
|
1 year
|
5 year
|
10 year
|
Class NAV (before tax)
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|
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|
after tax on distributions
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|
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after tax on distributions, with sale
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|
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Russell 1000 Value Index (reflects no deduction for fees, expenses, or taxes)
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S&P 500 Index (reflects no deduction for fees, expenses, or taxes)
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|
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David T. Cohen, CFA
Co-Portfolio Manager Managed the fund since 2018 |
Mark E. Donovan, CFA
Co-Portfolio Manager Managed the fund since 2008 and its predecessor since 1997 |
Stephanie McGirr
Co-Portfolio Manager Managed the fund since 2018 |
David J. Pyle, CFA
Co-Portfolio Manager Managed the fund since 2008 and its predecessor since 2005 |
Joshua White, CFA
Co-Portfolio Manager Managed the fund since 2021 |
|
NAV
|
Maximum front-end sales charge (load)
|
|
Maximum deferred sales charge (load)
|
|
|
NAV
|
Management fee
|
|
Other expenses
|
|
Total annual fund operating expenses
|
|
Contractual expense reimbursement1
|
-
|
Total annual fund operating expenses after expense reimbursements
|
|
1 | The advisor contractually agrees to waive a portion of its management fee and/or reimburse expenses for the fund and certain other John Hancock funds according to an asset level breakpoint schedule that is based on the aggregate net assets of all the funds participating in the waiver or reimbursement. This waiver is allocated proportionally among the participating funds. During its most recent fiscal year, the fund’s reimbursement amounted to 0.01% of the fund’s average daily net assets. This agreement expires on |
Expenses ($)
|
NAV
|
1 year
|
|
3 years
|
|
5 years
|
|
10 years
|
|
|
1 year
|
5 year
|
10 year
|
Class NAV (before tax)
|
|
|
|
after tax on distributions
|
|
|
|
after tax on distributions, with sale
|
|
|
|
Russell Midcap Value Index (reflects no deduction for fees, expenses, or taxes)
|
|
|
|
Joseph F. Feeney, Jr., CFA
Co-Portfolio Manager Managed the fund and its predecessor since 2010 |
Steven L. Pollack, CFA
Co-Portfolio Manager Managed the fund since 2009 and its predecessor since 2001 |
Shareholder fees (%) (fees paid directly from your investment)
|
NAV
|
Maximum front-end sales charge (load)
|
None
|
Maximum deferred sales charge (load)
|
None
|
Annual fund operating expenses (%) (expenses that you pay each year as a percentage of the value of your investment)
|
NAV
|
Management fee
|
0.85
|
Other expenses
|
0.06
|
Total annual fund operating expenses
|
0.91
|
Contractual expense reimbursement1
|
–0.06
|
Total annual fund operating expenses after expense reimbursements
|
0.85
|
1 | The advisor contractually agrees to reduce its management fee by an annual rate of 0.05% of the fund’s average daily net assets. This agreement expires on July 31, 2023, unless renewed by mutual agreement of the fund and the advisor based upon a determination that this is appropriate under the circumstances at that time. The advisor also contractually agrees to waive a portion of its management fee and/or reimburse expenses for the fund and certain other John Hancock funds according to an asset level breakpoint schedule that is based on the aggregate net assets of all the funds participating in the waiver or reimbursement. This waiver is allocated proportionally among the participating funds. During its most recent fiscal year, the fund’s reimbursement amounted to 0.01% of the fund’s average daily net assets. This agreement expires on July 31, 2024, unless renewed by mutual agreement of the fund and the advisor based upon a determination that this is appropriate under the circumstances at that time. |
Expenses ($)
|
NAV
|
1 year
|
87
|
3 years
|
284
|
5 years
|
498
|
10 years
|
1,114
|
Average annual total returns (%)—as of 12/31/21
|
1 year
|
Since inception (02/26/18)
|
Class NAV (before tax)
|
34.12
|
8.25
|
after tax on distributions
|
32.71
|
6.90
|
after tax on distributions, with sale
|
20.16
|
5.78
|
Average annual total returns (%)—as of 12/31/21
|
1 year
|
Since inception (02/26/18)
|
MSCI World Index (reflects no deduction for fees, expenses, or taxes, except foreign withholding taxes on dividends)
|
21.82
|
13.24
|
Manulife IM (NA)
|
|
Craig Bethune, CFA
Managing Director and Senior Portfolio Manager Managed the fund since 2018 |
Diana Racanelli, CFA
Managing Director and Senior Portfolio Manager Managed the fund since 2018 |
Wellington
|
|
G. Thomas Levering
Senior Managing Director and Global Industry Analyst Managed the fund since 2018 |
Bradford D. Stoesser
Senior Managing Director and Equity Portfolio Manager Managed the fund since 2020 |
Shareholder fees (%) (fees paid directly from your investment)
|
NAV
|
Maximum front-end sales charge (load)
|
None
|
Maximum deferred sales charge (load)
|
None
|
Annual fund operating expenses (%) (expenses that you pay each year as a percentage of the value of your investment)
|
NAV
|
Management fee
|
0.60
|
Other expenses1
|
3.64
|
Total annual fund operating expenses
|
4.24
|
Contractual expense reimbursement2
|
–0.01
|
Total annual fund operating expenses after expense reimbursements
|
4.23
|
1 | “Other expenses” have been estimated for the fund’s first year of operations. |
2 | The advisor contractually agrees to waive a portion of its management fee and/or reimburse expenses for the fund and certain other John Hancock funds according to an asset level breakpoint schedule that is based on the aggregate net assets of all the funds participating in the waiver or reimbursement. This waiver is allocated proportionally among the participating funds. This agreement expires on July 31, 2024, unless renewed by mutual agreement of the fund and the advisor based upon a determination that this is appropriate under the circumstances at that time. |
Expenses ($)
|
NAV
|
1 year
|
425
|
3 years
|
1,286
|
Michael J. Mattioli, CFA
Portfolio Manager Managed the fund since inception |
Nicholas P. Renart
Portfolio Manager Managed the fund since inception |
Emory W. Sanders, Jr., CFA
Senior Managing Director and Senior Portfolio Manager Managed the fund since inception |
Jonathan T. White, CFA
Senior Managing Director and Senior Portfolio Manager Managed the fund since inception |
|
NAV
|
Maximum front-end sales charge (load)
|
|
Maximum deferred sales charge (load)
|
|
|
NAV
|
Management fee
|
|
Other expenses
|
|
Total annual fund operating expenses
|
|
Contractual expense reimbursement1
|
-
|
Total annual fund operating expenses after expense reimbursements
|
|
1 | The advisor contractually agrees to waive a portion of its management fee and/or reimburse expenses for the fund and certain other John Hancock funds according to an asset level breakpoint schedule that is based on the aggregate net assets of all the funds participating in the waiver or reimbursement. This waiver is allocated proportionally among the participating funds. During its most recent fiscal year, the fund’s reimbursement amounted to 0.01% of the fund’s average daily net assets. This agreement expires on |
Expenses ($)
|
NAV
|
1 year
|
|
3 years
|
|
5 years
|
|
10 years
|
|
|
1 year
|
5 year
|
10 year
|
Class NAV (before tax)
|
|
|
|
after tax on distributions
|
|
|
|
after tax on distributions, with sale
|
|
|
|
Average annual total returns (%)—as of 12/31/21
|
1 year
|
5 year
|
10 year
|
MSCI World Index (reflects no deduction for fees, expenses, or taxes, except foreign withholding taxes on dividends)
|
|
|
|
William W. Priest, CFA
Portfolio Manager Managed the fund since 2007 |
John Tobin, Ph.D., CFA
Portfolio Manager Managed the fund since 2014 |
|
Kera Van Valen, CFA
Portfolio Manager Managed the fund since 2014 |
Michael A. Welhoelter, CFA
Portfolio Manager Managed the fund since 2007 |
|
NAV
|
Maximum front-end sales charge (load)
|
|
Maximum deferred sales charge (load)
|
|
|
NAV
|
Management fee
|
|
Other expenses
|
|
Total annual fund operating expenses
|
|
Contractual expense reimbursement1
|
-
|
Total annual fund operating expenses after expense reimbursements
|
|
1 | The advisor contractually agrees to waive a portion of its management fee and/or reimburse expenses for the fund and certain other John Hancock funds according to an asset level breakpoint schedule that is based on the aggregate net assets of all the funds participating in the waiver or reimbursement. This waiver is allocated proportionally among the participating funds. During its most recent fiscal year, the fund’s reimbursement amounted to 0.01% of the fund’s average daily net assets. This agreement expires on |
Expenses ($)
|
NAV
|
1 year
|
|
3 years
|
|
5 years
|
|
10 years
|
|
Hong Kong Stock Connect Program (Stock Connect) risk. Trading in China A-Shares through Stock Connect, a mutual market access program that enables foreign investment in the People’s Republic of China (PRC), is subject to certain restrictions and risks. Securities listed on Stock Connect may lose purchase eligibility, which could adversely affect the fund’s performance. Trading through Stock Connect is subject to trading, clearance, and settlement procedures that may continue to develop as the program matures. Any changes in laws, regulations and policies applicable to Stock Connect may affect China A-Share prices. These risks are heightened by the underdeveloped state of the PRC’s investment and banking systems in general.
|
|
1 year
|
5 year
|
10 year
|
Class NAV (before tax)
|
|
|
|
after tax on distributions
|
|
|
|
after tax on distributions, with sale
|
|
|
|
MSCI All Country World ex–USA Growth Index (reflects no deduction for fees, expenses, or taxes, except foreign withholding taxes on dividends)
|
|
|
|
MSCI EAFE Index (reflects no deduction for fees, expenses, or taxes, except foreign withholding taxes on dividends)
|
|
|
|
John A. Boselli, CFA
Senior Managing Director and Equity Portfolio Manager Managed the fund since 2014 |
Alvaro Llavero
Managing Director and Equity Research Analyst Managed the fund since 2021 |
Zhaohuan (Terry) Tian, CFA
Managing Director and Equity Research Analyst Managed the fund since 2021 |
Shareholder fees (%) (fees paid directly from your investment)
|
NAV
|
Maximum front-end sales charge (load)
|
None
|
Maximum deferred sales charge (load)
|
None
|
Annual fund operating expenses (%) (expenses that you pay each year as a percentage of the value of your investment)
|
NAV
|
Management fee1
|
0.83
|
Other expenses
|
0.04
|
Acquired fund fees and expenses2
|
0.01
|
Total annual fund operating expenses3
|
0.88
|
Contractual expense reimbursement4
|
–0.08
|
Total annual fund operating expenses after expense reimbursements
|
0.80
|
1 | Represents contractual management fee for the fund following a tax-free reorganization of the Mid Cap Stock Fund (the “predecessor fund”) into the fund on October 15, 2021. |
2 | “Acquired fund fees and expenses” are based on indirect net expenses associated with the fund’s investments in underlying investment companies. |
3 | The “Total annual fund operating expenses” shown may not correlate to the fund’s ratios of expenses to average daily net assets shown in the “Financial highlights” section of the fund’s prospectus, which does not include “Acquired fund fees and expenses.” |
4 | The advisor contractually agrees to reduce its management fee by an annual rate of 0.07% of the fund’s average daily net assets. This agreement expires on July 31, 2023, unless renewed by mutual agreement of the fund and the advisor based upon a determination that this is appropriate under the circumstances at that time. The advisor also contractually agrees to waive a portion of its management fee and/or reimburse expenses for the fund and certain other John Hancock funds according to an asset level breakpoint schedule that is based on the aggregate net assets of all the funds participating in the waiver or reimbursement. This waiver is allocated proportionally among the participating funds. During its most recent fiscal year, the fund’s reimbursement amounted to 0.01% of the fund’s average daily net assets. This agreement expires on July 31, 2024, unless renewed by mutual agreement of the fund and the advisor based upon a determination that this is appropriate under the circumstances at that time. |
Expenses ($)
|
NAV
|
1 year
|
82
|
3 years
|
273
|
5 years
|
480
|
10 years
|
1,077
|
Average annual total returns (%)—as of 12/31/21
|
1 year
|
5 year
|
10 year
|
Class NAV (before tax)
|
3.44
|
23.93
|
18.40
|
after tax on distributions
|
–4.80
|
17.53
|
14.02
|
after tax on distributions, with sale
|
4.83
|
17.48
|
13.86
|
Russell Midcap Growth Index (reflects no deduction for fees, expenses, or taxes)
|
12.73
|
19.83
|
16.63
|
Mario E. Abularach, CFA, CMT
Senior Managing Director, Partner and Equity Research Analyst Managed the fund since inception and managed the predecessor fund since 2005 |
Stephen Mortimer
Senior Managing Director, Partner and Equity Portfolio Manager Managed the fund since inception and managed the predecessor fund since 2009 |
|
NAV
|
Maximum front-end sales charge (load)
|
|
Maximum deferred sales charge (load)
|
|
|
NAV
|
Management fee
|
|
Other expenses
|
|
Total annual fund operating expenses
|
|
Contractual expense reimbursement1
|
-
|
Total annual fund operating expenses after expense reimbursements
|
|
1 | The advisor contractually agrees to waive a portion of its management fee and/or reimburse expenses for the fund and certain other John Hancock funds according to an asset level breakpoint schedule that is based on the aggregate net assets of all the funds participating in the waiver or reimbursement. This waiver is allocated proportionally among the participating funds. During its most recent fiscal year, the fund’s reimbursement amounted to 0.01% of the fund’s average daily net assets. This agreement expires on |
Expenses ($)
|
NAV
|
1 year
|
|
3 years
|
|
5 years
|
|
10 years
|
|
|
1 year
|
5 year
|
10 year
|
Class NAV (before tax)
|
|
|
|
after tax on distributions
|
|
|
|
after tax on distributions, with sale
|
|
|
|
Russell 1000 Growth Index (reflects no deduction for fees, expenses, or taxes)
|
|
|
|
John A. Boselli, CFA
Senior Managing Director and Equity Portfolio Manager Managed the fund since 2018 |
Timothy N. Manning
Senior Managing Director and Equity Portfolio Manager Managed the fund since 2022 |
(a) Quality: Companies with high and improving free-cash-flow margins and the ability to generate attractive returns on capital employed;
(b) Growth: Companies that generate high organic revenue growth (revenue growth not obtained through acquisitions) above global GDP growth; (c) Valuation: Companies trading below fair value, based on a discounted free cash flow model utilizing proprietary research and analysis; (d) Capital Returns: Companies with high dividend payouts and share repurchase programs, based on deployment of free cash flow; and (e) Revisions: Companies with improving earnings expectations over the next 12-18 months that are not yet fully acknowledged and reflected in broker estimates. |
Growth investment style risk. Certain equity securities (generally referred to as growth securities) are purchased primarily because a manager believes that these securities will experience relatively rapid earnings growth. Growth securities typically trade at higher multiples of current earnings than other securities. Growth securities are often more sensitive to market fluctuations than other securities because their market prices are highly sensitive to future earnings expectations. At times when it appears that these expectations may not be met, growth stock prices typically fall.
|
Credit quality risk. Fixed-income securities are subject to the risk that the issuer of the security will not repay all or a portion of the principal borrowed and will not make all interest payments. If the credit quality of a fixed-income security deteriorates after a fund has purchased the security, the market value of the security may decrease and lead to a decrease in the value of the fund’s investments. An issuer’s credit quality could deteriorate as a result of poor management decisions, competitive pressures, technological obsolescence, undue reliance on suppliers, labor issues, shortages, corporate restructurings, fraudulent disclosures, or other factors. Funds that may invest in lower-rated fixed-income securities, commonly referred to as junk securities, are riskier than funds that may invest in higher-rated fixed-income securities.
|
Interest-rate risk. Fixed-income securities are affected by changes in interest rates. When interest rates decline, the market value of fixed-income securities generally can be expected to rise. Conversely, when interest rates rise, the market value of fixed-income securities generally can be expected to decline. The longer the duration or maturity of a fixed-income security, the more susceptible it is to interest-rate risk. Duration is a measure of the price sensitivity of a debt security, or a fund that invests in a portfolio of debt securities, to changes in interest rates, whereas the maturity of a security measures the time until final payment is due. Duration measures sensitivity more accurately than maturity because it takes into account the time value of cash flows generated over the life of a debt security. Recent and potential future changes in government monetary policy may affect interest rates.
|
The fixed-income securities market has been and may continue to be negatively affected by the coronavirus (COVID-19) pandemic. As with other serious economic disruptions, governmental authorities and regulators responded with significant fiscal and monetary policy changes, including considerably lowering interest rates, which, in some cases could result in negative interest rates. These actions, including their possible unexpected or sudden reversal or potential ineffectiveness, could further increase volatility in securities and other financial markets and reduce market liquidity. To the extent the fund has a bank deposit or holds a debt instrument with a negative interest rate to maturity, the fund would generate a negative return on that investment. Similarly, negative rates on investments by money market funds and similar cash management products could lead to losses on investments, including on investments of the fund’s uninvested cash. When the Fed “tapers” or reduces the amount of securities it purchases pursuant to its quantitative easing program, and/or raises the federal funds rate, there is a risk that interest rates will rise, which could expose fixed-income and related markets to heightened volatility and could cause the value of a fund’s investments, and the fund’s net asset value (NAV), to decline, potentially suddenly and significantly, which may negatively impact the fund’s performance.
|
Investment-grade fixed-income securities in the lowest rating category risk. Investment-grade fixed-income securities in the lowest rating category (such as Baa by Moody’s Investors Service, Inc. or BBB by S&P Global Ratings or Fitch Ratings, as applicable, and comparable unrated securities) involve a higher degree of risk than fixed-income securities in the higher rating categories. While such securities are considered investment-grade quality and are
|
deemed to have adequate capacity for payment of principal and interest, such securities lack outstanding investment characteristics and have speculative characteristics as well. For example, changes in economic conditions or other circumstances are more likely to lead to a weakened capacity to make principal and interest payments than is the case with higher-grade securities.
|
Prepayment of principal risk. Many types of debt securities, including floating-rate loans, are subject to prepayment risk. Prepayment risk is the risk that, when interest rates fall, certain types of obligations will be paid off by the borrower more quickly than originally anticipated and the fund may have to invest the proceeds in securities with lower yields. Securities subject to prepayment risk can offer less potential for gains when the credit quality of the issuer improves.
|
Emerging-market risk. Investments in the securities of issuers based in countries with emerging-market economies are subject to greater levels of risk and uncertainty than investments in more-developed foreign markets, since emerging-market securities may present market, credit, currency, liquidity, legal, political, and other risks greater than, or in addition to, the risks of investing in developed foreign countries. These risks include high currency exchange-rate fluctuations; increased risk of default (including both government and private issuers); greater social, economic, and political uncertainty and instability (including the risk of war); more substantial governmental involvement in the economy; less governmental supervision and regulation of the securities markets and participants in those markets; controls on foreign investment and limitations on repatriation of invested capital and on a fund’s ability to exchange local currencies for U.S. dollars; unavailability of currency hedging techniques in certain emerging-market countries; the fact that companies in emerging-market countries may be newly organized, smaller, and less seasoned; the difference in, or lack of, auditing and financial reporting requirements or standards, which may result in the unavailability of material information about issuers; different clearance and settlement procedures, which may be unable to keep pace with the volume of securities transactions or otherwise make it difficult to engage in such transactions; difficulties in obtaining and/or enforcing legal judgments against non-U.S. companies and non-U.S. persons, including company directors and officers, in foreign jurisdictions; and significantly smaller market capitalizations of emerging-market issuers. In addition, shareholders of emerging market issuers, such as the fund, often have limited rights and few practical remedies in emerging markets. Finally, the risks associated with investments in emerging markets often are significant, and vary from jurisdiction to jurisdiction and company to company.
|
Currency risk. Currency risk is the risk that fluctuations in exchange rates may adversely affect the U.S. dollar value of a fund’s investments. Currency risk includes both the risk that currencies in which a fund’s investments are traded, or currencies in which a fund has taken an active investment position, will decline in value relative to the U.S. dollar and, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly for a number of reasons, including the forces of supply and demand in the foreign exchange markets, actual or perceived changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign governments or central banks, or currency controls or political developments in the United States or abroad. Certain funds may engage in proxy hedging of currencies by entering into derivative transactions with respect to a currency whose value is expected to correlate to the value of a currency the fund owns or wants to own. This presents the risk that the two currencies may not move in relation to one another as expected. In that case, the fund could lose money on its investment and also lose money on the position designed to act as a proxy hedge. Certain funds may also take active currency positions and may cross-hedge currency exposure represented by their securities into another foreign currency. This
|
may result in a fund’s currency exposure being substantially different than that suggested by its securities investments. All funds with foreign currency holdings and/or that invest or trade in securities denominated in foreign currencies or related derivative instruments may be adversely affected by changes in foreign currency exchange rates. Derivative foreign currency transactions (such as futures, forwards, and swaps) may also involve leveraging risk, in addition to currency risk. Leverage may disproportionately increase a fund’s portfolio losses and reduce opportunities for gain when interest rates, stock prices, or currency rates are changing.
|
Hong Kong Stock Connect Program (Stock Connect) risk. Trading in China A-Shares listed and traded on certain Chinese stock exchanges through Stock Connect, a mutual market access program designed to, among other things, enable foreign investment in the People’s Republic of China (PRC) via brokers in Hong Kong, is subject to both a number of restrictions imposed by Chinese securities regulations and local exchange listing rules as well as certain risks. Securities listed on Stock Connect may lose purchase eligibility, which could adversely affect the fund’s performance. Trading through Stock Connect is subject to trading, clearance, and settlement procedures that may continue to develop as the program matures. Any changes in laws, regulations and policies applicable to Stock Connect may affect China A-Share prices. These risks are heightened by the underdeveloped state of the PRC’s investment and banking systems in general.
|
Foreign currency forward contracts. Counterparty risk, liquidity risk (i.e., the inability to enter into closing transactions), foreign
|
currency risk, and risk of disproportionate loss are the principal risks of engaging in transactions involving foreign currency forward contracts.
|
Foreign currency swaps. Counterparty risk, liquidity risk (i.e., the inability to enter into closing transactions), foreign currency risk, and risk of disproportionate loss are the principal risks of engaging in transactions involving foreign currency swaps.
|
Futures contracts. Counterparty risk, liquidity risk (i.e., the inability to enter into closing transactions), and risk of disproportionate loss are the principal risks of engaging in transactions involving futures contracts.
|
Interest-rate swaps. Counterparty risk, liquidity risk (i.e., the inability to enter into closing transactions), interest-rate risk, and risk of disproportionate loss are the principal risks of engaging in transactions involving interest-rate swaps.
|
Options. Counterparty risk, liquidity risk (i.e., the inability to enter into closing transactions), and risk of disproportionate loss are the principal risks of engaging in transactions involving options. Counterparty risk does not apply to exchange-traded options.
|
Swaps. Counterparty risk, liquidity risk (i.e., the inability to enter into closing transactions), interest-rate risk, settlement risk, risk of default of the underlying reference obligation, and risk of disproportionate loss are the principal risks of engaging in transactions involving swaps.
|
Risk to principal and income. Investing in lower-rated fixed-income securities is considered speculative. While these securities generally provide greater income potential than investments in higher-rated securities, there is a greater risk that principal and interest payments will not be made. Issuers of these securities may even go into default or become bankrupt.
|
Price volatility. The price of lower-rated fixed-income securities may be more volatile than securities in the higher-rated categories. This volatility may increase during periods of economic uncertainty or change. The price of these securities is affected more than higher-rated fixed-income securities by the market’s perception of their credit quality, especially during times of adverse publicity. In the past, economic downturns or increases in interest rates have, at times, caused more defaults by issuers of these securities and may do so in the future. Economic downturns and increases in interest rates have an even greater effect on highly leveraged issuers of these securities.
|
Liquidity. The market for lower-rated fixed-income securities may have more limited trading than the market for investment-grade fixed-income securities. Therefore, it may be more difficult to sell these securities, and these securities may have to be sold at prices below their market value in order to meet redemption requests or to respond to changes in market conditions.
|
Dependence on manager’s own credit analysis. While a manager may rely on ratings by established credit rating agencies, it will also supplement such ratings with its own independent review of the credit quality of the issuer. Therefore, the assessment of the credit risk of lower-rated fixed-income securities is more dependent on the manager’s evaluation than the assessment of the credit risk of higher-rated securities.
|
Additional risks regarding lower-rated corporate fixed-income securities. Lower-rated corporate fixed-income securities (and comparable unrated securities) tend to be more sensitive to individual corporate developments and changes in economic conditions than higher-rated corporate fixed-income securities. Issuers of lower-rated corporate fixed-income securities may also be highly leveraged, increasing the risk that principal and income will not be repaid.
|
Additional risks regarding lower-rated foreign government fixed-income securities. Lower-rated foreign government fixed-income securities are subject to the risks of investing in foreign countries described under “Foreign securities risk.” In addition, the ability and willingness of a foreign government to make payments on debt when due may be affected by the prevailing economic and political conditions within the country. Emerging-market countries may experience high inflation, interest rates, and unemployment, as well as exchange-rate fluctuations which adversely affect trade and political uncertainty or instability. These factors increase the risk that a foreign government will not make payments when due.
|
•
|
Declines in the value of real estate
|
•
|
Risks related to general and local economic conditions
|
•
|
Possible lack of availability of mortgage funds
|
•
|
Overbuilding
|
•
|
Extended vacancies of properties
|
•
|
Increased competition
|
•
|
Increases in property taxes and operating expenses
|
•
|
Changes in zoning laws
|
•
|
Losses due to costs resulting from the cleanup of environmental problems
|
•
|
Liability to third parties for damages resulting from environmental problems
|
•
|
Casualty or condemnation losses
|
•
|
Limitations on rents
|
•
|
Changes in neighborhood values and the appeal of properties to tenants
|
•
|
Changes in interest rates and
|
•
|
Liquidity risk
|
Average daily net assets ($)
|
Annual rate (%)
|
First 500 million
|
0.700
|
Next 500 million
|
0.675
|
Next 500 million
|
0.650
|
Next 1 billion
|
0.625
|
Next 10 billion
|
0.600
|
Excess over 12.5 billion
|
0.575
|
Average daily net assets ($)
|
Annual rate (%)
|
First 500 million
|
0.800
|
Next 500 million
|
0.775
|
Next 500 million
|
0.750
|
Next 1 billion
|
0.725
|
Excess over 2.5 billion
|
0.700
|
Average daily net assets ($)
|
Annual rate (%)
|
First 2 billion
|
0.85
|
Over 2 billion
|
0.80
|
Average daily net assets ($)
|
Annual rate (%)
|
First $1 billion
|
0.600%
|
Next $1 billion
|
0.585%
|
Excess over $2 billion
|
0.550%
|
Average daily net assets
|
Annual rate
|
All assets
|
0.80%
|
Average daily net assets ($)
|
Annual rate (%)
|
First 500 million
|
0.900
|
Next 500 million
|
0.850
|
Excess over 1 billion
|
0.800
|
Average daily net assets ($)
|
Annual rate (%)
|
First $200 million
|
0.875%
|
Next $300 million
|
0.850%
|
Next $2.7 billion
|
0.825%
|
Next $500 million
|
0.800%
|
Next $500 million
|
0.775%
|
Excess over $4.2 billion
|
0.755%
|
Average daily net assets ($)
|
Annual rate (%)
|
First 500 million
|
0.600
|
Next 1 billion
|
0.550
|
Excess over 1.5 billion
|
0.530
|
•
|
Co-Portfolio Manager
|
•
|
Managed the fund since 2018
|
•
|
Joined Boston Partners in 2016
|
•
|
Co-Portfolio Manager
|
•
|
Managed the fund since 2008 and its predecessor since 1997
|
•
|
Joined Boston Partners in 1995
|
•
|
Co-Portfolio Manager
|
•
|
Managed the fund since 2018
|
•
|
Joined Boston Partners in 2002
|
•
|
Co-Portfolio Manager
|
•
|
Managed the fund since 2008 and its predecessor since 2005
|
•
|
Joined Boston Partners in 2000
|
•
|
Co-Portfolio Manager
|
•
|
Managed the fund since 2021
|
•
|
Joined Boston Partners in 2006
|
•
|
Co-Portfolio Manager
|
•
|
Managed the fund and its predecessor since 2010
|
•
|
Chief Executive Officer and Chief Investment Officer, Boston Partners
|
•
|
Joined Boston Partners in 1995
|
•
|
Began investment career in 1985
|
•
|
Co-Portfolio Manager
|
•
|
Managed the fund since 2009 and its predecessor since 2001
|
•
|
Senior Portfolio Manager, Boston Partners
|
•
|
Joined Boston Partners in 2000
|
•
|
Began investment career in 1984
|
•
|
Managing Director and Senior Portfolio Manager
|
•
|
Managed fund since 2018
|
•
|
Joined Manulife IM (NA) in 2014
|
•
|
Began business career in 1989
|
•
|
Managing Director and Senior Portfolio Manager
|
•
|
Managed fund since 2018
|
•
|
Joined Manulife IM (NA) in 2014
|
•
|
Began business career in 1987
|
•
|
Senior Managing Director and Global Industry Analyst
|
•
|
Managed fund since 2018
|
•
|
Joined Wellington Management in 2000
|
•
|
Began business career in 1993
|
•
|
Senior Managing Director and Equity Portfolio Manager
|
•
|
Managed fund since 2020
|
•
|
Joined Wellington Management in 2005
|
•
|
Began business career in 1998
|
•
|
Portfolio Manager
|
•
|
Managed the fund since inception
|
•
|
Joined Manulife IM (US) in 2011
|
•
|
Portfolio Manager
|
•
|
Managed the fund since inception
|
•
|
Joined Manulife IM (US) in 2011
|
•
|
Senior Managing Director and Senior Portfolio Manager
|
•
|
Managed the fund since inception
|
•
|
Joined Manulife IM (US) in 2010
|
•
|
Senior Managing Director and Senior Portfolio Manager
|
•
|
Managed the fund since inception
|
•
|
Joined Manulife IM (US) in 2011
|
•
|
Portfolio Manager
|
•
|
Managed the fund since 2007
|
•
|
Founder, Co-Chief Investment Officer, Executive Chairman, and Portfolio Manager since 2004
|
•
|
Joined Epoch in 2004
|
•
|
Began investment career in 1965
|
•
|
Portfolio Manager
|
•
|
Managed the fund since 2014
|
•
|
Managing Director, Portfolio Manager, and Senior Research Analyst at Epoch since 2012
|
•
|
Joined Epoch in 2012
|
•
|
Began investment career in 1981
|
•
|
Portfolio Manager
|
•
|
Managed the fund since 2014
|
•
|
Managing Director, Portfolio Manager, and Senior Research Analyst at Epoch since 2014
|
•
|
Joined Epoch in 2008
|
•
|
Began investment career in 2001
|
•
|
Portfolio Manager
|
•
|
Managed the fund since 2007
|
•
|
Managing Director, Co-CIO, Portfolio Manager, and Head of Quantitative Research and Risk Management
|
•
|
Joined Epoch in 2005
|
•
|
Began investment career in 1986
|
•
|
Senior Managing Director and Equity Portfolio Manager
|
•
|
Managed the fund since 2014
|
•
|
Joined Wellington Management in 2002
|
•
|
Managing Director and Equity Research Analyst
|
•
|
Managed the fund since 2021
|
•
|
Joined Wellington Management in 2014
|
•
|
Managing Director and Equity Research Analyst
|
•
|
Managed the fund since 2021
|
•
|
Joined Wellington Management in 2015
|
•
|
Senior Managing Director, Partner and Equity Research Analyst of Wellington Management
|
•
|
Joined Wellington Management as an investment professional in 2001
|
•
|
Managed the fund since inception and managed the predecessor fund since 2005
|
•
|
Senior Managing Director, Partner and Equity Portfolio Manager of Wellington Management
|
•
|
Joined Wellington Management as an investment professional in 2001
|
•
|
Managed the fund since inception and managed the predecessor fund since 2009
|
•
|
Senior Managing Director and Equity Portfolio Manager
|
•
|
Managed the fund since 2018
|
•
|
Joined Wellington Management in 2002
|
•
|
Senior Managing Director and Equity Portfolio Manager
|
•
|
Managed the fund since 2022
|
•
|
Joined Wellington Management in 2007
|
Disciplined Value Fund Class NAV Shares
|
||||||
Per share operating performance
|
Period ended
|
3-31-22
|
3-31-21
|
3-31-20
|
3-31-19
|
3-31-18
|
Net asset value, beginning of period
|
$23.92
|
$14.68
|
$19.62
|
$21.49
|
$20.15
|
|
Net investment income1
|
0.24
|
0.25
|
0.36
|
0.33
|
0.27
|
|
Net realized and unrealized gain (loss) on investments
|
2.93
|
9.34
|
(4.06
)
|
(0.28
)
|
2.34
|
|
Total from investment operations
|
3.17
|
9.59
|
(3.70
)
|
0.05
|
2.61
|
|
Less distributions
|
|
|
|
|
|
|
From net investment income
|
(0.25
)
|
(0.35
)
|
(0.32
)
|
(0.31
)
|
(0.26
)
|
|
From net realized gain
|
(3.21
)
|
—
|
(0.92
)
|
(1.61
)
|
(1.01
)
|
|
Total distributions
|
(3.46
)
|
(0.35
)
|
(1.24
)
|
(1.92
)
|
(1.27
)
|
|
Net asset value, end of period
|
$23.63
|
$23.92
|
$14.68
|
$19.62
|
$21.49
|
|
Total return (%)2
|
13.83
|
65.71
|
(20.64
)
|
0.77
|
12.85
|
|
Ratios and supplemental data
|
|
|
|
|
|
|
Net assets, end of period (in millions)
|
$1,372
|
$1,486
|
$887
|
$1,105
|
$1,219
|
|
Ratios (as a percentage of average net assets):
|
|
|
|
|
|
|
Expenses before reductions
|
0.68
|
0.70
|
0.70
|
0.70
|
0.70
|
|
Expenses including reductions
|
0.67
|
0.70
|
0.69
|
0.69
|
0.69
|
|
Net investment income
|
0.95
|
1.31
|
1.83
|
1.54
|
1.28
|
|
Portfolio turnover (%)
|
38
|
55
|
88
|
69
|
45
|
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
Disciplined Value Mid Cap Fund Class A Shares
|
||||||
Per share operating performance
|
Period ended
|
3-31-22
|
3-31-21
|
3-31-20
|
3-31-19
|
3-31-18
|
Net asset value, beginning of period
|
$25.33
|
$14.91
|
$19.08
|
$22.35
|
$21.61
|
|
Net investment income1
|
0.09
|
0.10
|
0.14
|
0.12
|
0.07
|
|
Net realized and unrealized gain (loss) on investments
|
2.60
|
10.54
|
(3.83
)
|
(1.01
)
|
2.11
|
|
Total from investment operations
|
2.69
|
10.64
|
(3.69
)
|
(0.89
)
|
2.18
|
|
Less distributions
|
|
|
|
|
|
|
From net investment income
|
(0.07
)
|
(0.14
)
|
(0.14
)
|
(0.13
)
|
(0.06
)
|
|
From net realized gain
|
(1.70
)
|
(0.08
)
|
(0.34
)
|
(2.25
)
|
(1.38
)
|
|
Total distributions
|
(1.77
)
|
(0.22
)
|
(0.48
)
|
(2.38
)
|
(1.44
)
|
|
Net asset value, end of period
|
$26.25
|
$25.33
|
$14.91
|
$19.08
|
$22.35
|
|
Total return (%)2,3
|
10.91
|
71.55
|
(20.06
)
|
(2.98
)
|
10.15
|
|
Ratios and supplemental data
|
|
|
|
|
|
|
Net assets, end of period (in millions)
|
$1,486
|
$1,204
|
$782
|
$1,184
|
$1,547
|
|
Ratios (as a percentage of average net assets):
|
|
|
|
|
|
|
Expenses before reductions
|
1.11
|
1.12
|
1.12
|
1.11
|
1.11
|
|
Expenses including reductions
|
1.10
|
1.11
|
1.12
|
1.10
|
1.10
|
|
Net investment income
|
0.34
|
0.52
|
0.70
|
0.58
|
0.30
|
|
Portfolio turnover (%)
|
26
|
52
4
|
54
|
53
|
53
|
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
3 | Does not reflect the effect of sales charges, if any. |
4 | Excludes in-kind transactions. |
Diversified Real Assets Fund Class NAV Shares
|
||||||
Per share operating performance
|
Period ended
|
3-31-22
|
3-31-21
|
3-31-20
|
3-31-19
|
3-31-18
1
|
Net asset value, beginning of period
|
$10.10
|
$6.61
|
$10.01
|
$10.00
|
$10.00
|
|
Net investment income2
|
0.25
|
0.18
|
0.20
|
0.21
|
0.03
|
|
Net realized and unrealized gain (loss) on investments
|
3.23
|
3.54
|
(3.16
)
|
0.07
|
(0.03
)
|
|
Total from investment operations
|
3.48
|
3.72
|
(2.96
)
|
0.28
|
—
3
|
|
Less distributions
|
|
|
|
|
|
|
From net investment income
|
(0.30
)
|
(0.23
)
|
(0.28
)
|
(0.19
)
|
—
|
|
From net realized gain
|
—
|
—
|
(0.16
)
|
(0.08
)
|
—
|
|
Total distributions
|
(0.30
)
|
(0.23
)
|
(0.44
)
|
(0.27
)
|
—
|
|
Net asset value, end of period
|
$13.28
|
$10.10
|
$6.61
|
$10.01
|
$10.00
|
|
Total return (%)4
|
34.95
|
56.64
|
(30.92
)
|
3.07
|
0.00
5
|
|
Ratios and supplemental data
|
|
|
|
|
|
|
Net assets, end of period (in millions)
|
$1,151
|
$963
|
$684
|
$998
|
$938
|
|
Ratios (as a percentage of average net assets):
|
|
|
|
|
|
|
Expenses before reductions
|
0.91
|
0.93
|
0.93
|
0.94
|
0.94
6,7
|
|
Expenses including reductions
|
0.85
|
0.87
|
0.87
|
0.88
|
0.88
6,7
|
|
Net investment income
|
2.20
|
2.07
|
2.05
|
2.07
|
3.84
6
|
|
Portfolio turnover (%)
|
49
|
82
|
61
|
73
|
40
8
|
1
|
Period from 2-26-18 (commencement of operations) to 3-31-18.
|
2
|
Based on average daily shares outstanding.
|
3
|
Less than $0.005 per share.
|
4
|
Total returns would have been lower had certain expenses not been reduced during the applicable periods.
|
5
|
Not annualized.
|
6
|
Annualized.
|
7
|
Certain expenses are presented unannualized due to the short reporting period.
|
8
|
Excludes in-kind transactions.
|
Global Shareholder Yield Fund Class NAV Shares
|
|||||||
Per share operating performance
|
Period ended
|
3-31-22
|
3-31-21
|
3-31-20
|
3-31-19
|
3-31-18
1
|
2-28-18
|
Net asset value, beginning of period
|
$11.80
|
$8.64
|
$11.06
|
$11.17
|
$11.34
|
$10.81
|
|
Net investment income2
|
0.32
|
0.29
|
0.37
|
0.39
|
0.04
|
0.36
|
|
Net realized and unrealized gain (loss) on investments
|
0.86
|
3.19
|
(2.22
)
|
0.16
|
(0.15
)
|
0.52
|
|
Total from investment operations
|
1.18
|
3.48
|
(1.85
)
|
0.55
|
(0.11
)
|
0.88
|
|
Less distributions
|
|
|
|
|
|
|
|
From net investment income
|
(0.32
)
|
(0.32
)
|
(0.37
)
|
(0.39
)
|
(0.06
)
|
(0.35
)
|
|
From net realized gain
|
(0.98
)
|
—
|
(0.20
)
|
(0.27
)
|
—
|
—
|
|
Total distributions
|
(1.30
)
|
(0.32
)
|
(0.57
)
|
(0.66
)
|
(0.06
)
|
(0.35
)
|
|
Net asset value, end of period
|
$11.68
|
$11.80
|
$8.64
|
$11.06
|
$11.17
|
$11.34
|
|
Total return (%)3
|
10.40
|
40.83
|
(17.77
)
|
5.30
|
(0.94
)
4
|
8.11
|
|
Ratios and supplemental data
|
|
|
|
|
|
|
|
Net assets, end of period (in millions)
|
$109
|
$120
|
$325
|
$458
|
$511
|
$514
|
|
Ratios (as a percentage of average net assets):
|
|
|
|
|
|
|
|
Expenses before reductions
|
0.87
|
0.87
|
0.87
|
0.87
|
0.88
5
|
0.86
|
|
Expenses including reductions
|
0.74
|
0.74
|
0.74
|
0.74
|
0.74
5
|
0.74
|
|
Net investment income
|
2.68
|
2.87
|
3.32
|
3.54
|
4.13
5
|
3.19
|
|
Portfolio turnover (%)
|
24
|
30
|
33
|
16
|
2
|
19
|
1 | For the one-month period ended 3-31-18. The fund changed its fiscal year end from February 28 to March 31. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
International Growth Fund Class NAV Shares
|
|||||||
Per share operating performance
|
Period ended
|
3-31-22
|
3-31-21
|
3-31-20
|
3-31-19
|
3-31-18
1
|
2-28-18
|
Net asset value, beginning of period
|
$37.99
|
$24.62
|
$26.82
|
$28.57
|
$28.47
|
$21.71
|
|
Net investment income2
|
0.30
|
0.10
|
0.24
|
0.29
|
0.03
|
0.23
|
|
Net realized and unrealized gain (loss) on investments
|
(2.81
)
|
13.38
|
(2.21
)
|
(1.31
)
|
0.07
|
6.69
|
|
Total from investment operations
|
(2.51
)
|
13.48
|
(1.97
)
|
(1.02
)
|
0.10
|
6.92
|
|
Less distributions
|
|
|
|
|
|
|
|
From net investment income
|
(0.34
)
|
(0.11
)
|
(0.23
)
|
(0.27
)
|
—
|
(0.16
)
|
|
From net realized gain
|
(5.06
)
|
—
|
—
|
(0.46
)
|
—
|
—
|
|
Total distributions
|
(5.40
)
|
(0.11
)
|
(0.23
)
|
(0.73
)
|
—
|
(0.16
)
|
|
Net asset value, end of period
|
$30.08
|
$37.99
|
$24.62
|
$26.82
|
$28.57
|
$28.47
|
|
Total return (%)3
|
(8.08
)
|
54.78
|
(7.51
)
|
(3.27
)
|
0.35
4
|
31.91
|
|
Ratios and supplemental data
|
|
|
|
|
|
|
|
Net assets, end of period (in millions)
|
$844
|
$1,057
|
$854
|
$1,028
|
$1,136
|
$1,151
|
|
Ratios (as a percentage of average net assets):
|
|
|
|
|
|
|
|
Expenses before reductions
|
0.87
|
0.87
|
0.88
|
0.87
|
0.87
5
|
0.88
|
|
Expenses including reductions
|
0.86
|
0.86
|
0.87
|
0.87
|
0.87
5
|
0.87
|
|
Net investment income
|
0.80
|
0.30
|
0.87
|
1.06
|
1.10
5
|
0.89
|
|
Portfolio turnover (%)
|
78
|
78
|
80
|
98
|
4
|
65
|
1 | For the one-month period ended 3-31-18. The fund changed its fiscal year end from February 28 to March 31. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
Mid Cap Growth Fund Class NAV Shares
|
|||||||
Per share operating performance
|
Period ended
|
3-31-22
1,2
|
8-31-21
2
|
8-31-20
2
|
8-31-19
2
|
8-31-18
2
|
8-31-17
2
|
Net asset value, beginning of period
|
$28.81
|
$27.61
|
$22.09
|
$25.66
|
$21.90
|
$18.64
|
|
Net investment loss3
|
(0.08
)
|
(0.19
)
|
(0.10
)
|
(0.11
)
|
(0.09
)
|
(0.02
)
|
|
Net realized and unrealized gain (loss) on investments
|
(4.17
)
|
8.86
|
8.34
|
0.29
|
5.95
|
3.36
|
|
Total from investment operations
|
(4.25
)
|
8.67
|
8.24
|
0.18
|
5.86
|
3.34
|
|
Less distributions
|
|
|
|
|
|
|
|
From net realized gain
|
(7.27
)
|
(7.47
)
|
(2.72
)
|
(3.75
)
|
(2.10
)
|
(0.08
)
|
|
Net asset value, end of period
|
$17.29
|
$28.81
|
$27.61
|
$22.09
|
$25.66
|
$21.90
|
|
Total return (%)4
|
(20.37
)
5
|
33.91
|
41.47
|
5.74
|
28.75
|
17.99
|
|
Ratios and supplemental data
|
|
|
|
|
|
|
|
Net assets, end of period (in millions)
|
$1,289
|
$1,515
|
$1,294
|
$1,153
|
$1,258
|
$1,245
|
|
Ratios (as a percentage of average net assets):
|
|
|
|
|
|
|
|
Expenses before reductions
|
0.87
6
|
0.87
|
0.87
|
0.87
|
0.87
|
0.87
|
|
Expenses including reductions
|
0.81
6
|
0.86
|
0.87
|
0.87
|
0.86
|
0.86
|
|
Net investment loss
|
(0.65
)
6
|
(0.67
)
|
(0.46
)
|
(0.49
)
|
(0.39
)
|
(0.12
)
|
|
Portfolio turnover (%)
|
69
|
91
|
86
|
61
7
|
67
|
89
|
1
|
For the seven-month period ended 3-31-22. The Accounting Survivor’s fiscal year end was August 31 and the fund’s fiscal year end is March 31.
|
2
|
Financial highlights presented prior to close of business on October 15, 2021 represents the historical operating results of the Accounting Survivor. At the close of business on October 15, 2021, the Accounting Survivor was reorganized into the fund. On the date of reorganization, the accounting and performance history of the Accounting Survivor was retained as that of the fund. As a result, the per share operating performance has been adjusted for the prior periods presented to reflect the transaction. The conversion ratio used was 0.98073, as the Accounting Survivor’s net asset value was $28.7711 while the fund’s net asset value was $28.2165 on the date of reorganization.
|
3
|
Based on average daily shares outstanding.
|
4
|
Total returns would have been lower had certain expenses not been reduced during the period.
|
5
|
Not annualized.
|
6
|
Annualized. Certain expenses are presented unannualized.
|
7
|
Excludes merger activity.
|
U.S. Growth Fund Class NAV Shares
|
||||||
Per share operating performance
|
Period ended
|
3-31-22
|
3-31-21
|
3-31-20
|
3-31-19
|
3-31-18
|
Net asset value, beginning of period
|
$24.29
|
$16.41
|
$16.38
|
$18.07
|
$17.00
|
|
Net investment income (loss)1
|
(0.01
)
|
0.01
|
0.07
|
0.03
|
0.07
|
|
Net realized and unrealized gain (loss) on investments
|
2.79
|
8.51
|
—
2
|
2.26
|
3.65
|
|
Total from investment operations
|
2.78
|
8.52
|
0.07
|
2.29
|
3.72
|
|
Less distributions
|
|
|
|
|
|
|
From net investment income
|
—
|
(0.03
)
|
(0.04
)
|
(0.09
)
|
(0.10
)
|
|
From net realized gain
|
(3.62
)
|
(0.61
)
|
—
|
(3.89
)
|
(2.55
)
|
|
Total distributions
|
(3.62
)
|
(0.64
)
|
(0.04
)
|
(3.98
)
|
(2.65
)
|
|
Net asset value, end of period
|
$23.45
|
$24.29
|
$16.41
|
$16.38
|
$18.07
|
|
Total return (%)3
|
10.48
|
52.01
|
0.39
|
12.69
|
22.30
|
|
Ratios and supplemental data
|
|
|
|
|
|
|
Net assets, end of period (in millions)
|
$52
|
$54
|
$40
|
$—
4
|
$1,410
|
|
Ratios (as a percentage of average net assets):
|
|
|
|
|
|
|
Expenses before reductions
|
0.60
|
0.64
|
0.64
|
0.74
|
0.73
|
|
Expenses including reductions
|
0.59
|
0.63
|
0.63
|
0.73
|
0.73
|
|
Net investment income (loss)
|
(0.04
)
|
0.06
|
0.41
|
0.18
|
0.40
|
|
Portfolio turnover (%)
|
91
|
101
|
91
5
|
88
6
|
83
|
1 | Based on average daily shares outstanding. |
2 | Less than $0.005 per share. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Less than $500,000. |
5 | Excludes in-kind transactions and merger activity. |
•
|
No sales charges
|
•
|
No distribution and service (Rule 12b-1) fees
|
1 | Read this prospectus carefully. |
2 | Determine if you are eligible by referring to “Who can buy shares.” |
3 | Permitted entities generally may open an account and purchase Class NAV shares by contacting any broker-dealer or other financial service firm authorized to sell Class NAV shares of the fund. There are no minimum initial or subsequent investment requirements for Class NAV shares. |
•
|
A fund that invests a significant portion of its assets in small- or mid-capitalization stocks or securities in particular industries that may trade infrequently or are fair valued as discussed under “Valuation of securities” entails a greater risk of excessive trading, as investors may seek to trade fund shares in an effort to benefit from their understanding of the value of those types of securities (referred to as price arbitrage).
|
•
|
A fund that invests a material portion of its assets in securities of foreign issuers may be a potential target for excessive trading if investors seek to engage in price arbitrage based upon general trends in the securities markets that occur subsequent to the close of the primary market for such securities.
|
•
|
A fund that invests a significant portion of its assets in below-investment-grade (junk) bonds that may trade infrequently or are fair valued as discussed under “Valuation of securities” incurs a greater risk of excessive trading, as investors may seek to trade fund shares in an effort to benefit from their understanding of the value of those types of securities (referred to as price arbitrage).
|
![]() |
© 2022 John Hancock Investment Management Distributors LLC, Member FINRA, SIPC
200 Berkeley Street Boston, MA 02116 800-225-5291, jhinvestments.com Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by its affiliates under license.
|
![]() |
SEC file number: 811-21777
JH0331NPN 8/1/22 |
A
|
C
|
I
|
R2
|
R4
|
R5
|
R6
|
NAV
|
1
|
|
John Hancock Current Interest
|
|||||||||
John Hancock Money Market Fund
|
JHMXX
|
JMCXX
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
John Hancock Funds III
|
|||||||||
John Hancock Disciplined Value Fund
|
JVLAX
|
JVLCX
|
JVLIX
|
JDVPX
|
JDVFX
|
JDVVX
|
JDVWX
|
JDVNX
|
N/A
|
John Hancock Disciplined Value Mid Cap Fund
|
JVMAX
|
JVMCX
|
JVMIX
|
JVMSX
|
JVMTX
|
N/A
|
JVMRX
|
—
|
N/A
|
John Hancock Global Shareholder Yield Fund
|
JGYAX
|
JGYCX
|
JGYIX
|
JGSRX
|
N/A
|
N/A
|
JGRSX
|
—
|
N/A
|
John Hancock International Growth Fund
|
GOIGX
|
GONCX
|
GOGIX
|
JHIGX
|
JIGIX
|
N/A
|
JIGTX
|
JIGHX
|
GOIOX
|
John Hancock U.S. Growth Fund
|
JSGAX
|
JSGCX
|
JSGIX
|
JSGRX
|
JHSGX
|
N/A
|
JSGTX
|
—
|
N/A
|
John Hancock Investment Trust
|
|||||||||
John Hancock Diversified Real Assets Fund
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
—
|
N/A
|
John Hancock Fundamental Equity Income Fund
|
—
|
—
|
JHFEX
|
N/A
|
N/A
|
N/A
|
—
|
—
|
N/A
|
John Hancock Mid Cap Growth Fund
|
JACJX
|
JACLX
|
JACBX
|
N/A
|
N/A
|
N/A
|
JACEX
|
JACFX
|
N/A
|
Form N-CSR filed May 19, 2022 for:
John Hancock Money Market Fund |
|
Form N-CSR filed May 19, 2022 for:
John Hancock Disciplined Value Fund John Hancock Disciplined Value Mid Cap Fund John Hancock Global Shareholder Yield Fund John Hancock International Growth Fund John Hancock U.S. Growth Fund |
|
Form N-CSR filed May 19, 2022 for:
John Hancock Diversified Real Assets Fund John Hancock Mid Cap Growth Fund |
![]() |
JH1031SAI |
1 |
Term
|
Definition
|
“1933 Act”
|
the Securities Act of 1933, as amended
|
“1940 Act”
|
the Investment Company Act of 1940, as amended
|
“Advisers Act”
|
the Investment Advisers Act of 1940, as amended
|
“Advisor”
|
John Hancock Investment Management LLC (formerly, John Hancock Advisers, LLC), 200 Berkeley Street, Boston, Massachusetts 02116
|
“Advisory Agreement”
|
an investment advisory agreement or investment management contract between the Trust and the Advisor
|
“Affiliated Subadvisors”
|
Manulife Investment Management (North America) Limited and Manulife Investment Management (US) LLC, as applicable
|
“affiliated underlying funds”
|
underlying funds that are advised by John Hancock’s investment advisor or its affiliates
|
“BDCs”
|
business development companies
|
“Board”
|
Board of Trustees of the Trust
|
“Bond Connect”
|
Mutual Bond Market Access between Mainland China and Hong Kong
|
“Brown Brothers Harriman”
|
Brown Brothers Harriman & Co.
|
“CATS”
|
Certificates of Accrual on Treasury Securities
|
“CBOs”
|
Collateralized Bond Obligations
|
“CCO”
|
Chief Compliance Officer
|
“CDSC”
|
Contingent Deferred Sales Charge
|
“CEA”
|
the Commodity Exchange Act, as amended
|
“China A-Shares”
|
Chinese stock exchanges
|
“CIBM”
|
China interbank bond market
|
“CLOs”
|
Collateralized Loan Obligations
|
“CMOs”
|
Collateralized Mortgage Obligations
|
“Code”
|
the Internal Revenue Code of 1986, as amended
|
“COFI floaters”
|
Cost of Funds Index
|
“CPI”
|
Consumer Price Index
|
“CPI-U”
|
Consumer Price Index for Urban Consumers
|
“CPO”
|
Commodity Pool Operator
|
“CFTC”
|
Commodity Futures Trading Commission
|
“Citibank”
|
Citibank, N.A., 388 Greenwich Street, New York, NY 10013
|
“Distributor”
|
John Hancock Investment Management Distributors LLC (formerly, John Hancock Funds, LLC), 200 Berkeley Street, Boston, Massachusetts 02116
|
“EMU”
|
Economic and Monetary Union
|
“ETFs”
|
Exchange-Traded Funds
|
“ETNs”
|
Exchange-Traded Notes
|
“EU”
|
European Union
|
“Fannie Mae”
|
Federal National Mortgage Association
|
“FHFA”
|
Federal Housing Finance Agency
|
“FHLBs”
|
Federal Home Loan Banks
|
“FICBs”
|
Federal Intermediate Credit Banks
|
“Fitch”
|
Fitch Ratings
|
“Freddie Mac”
|
Federal Home Loan Mortgage Corporation
|
“funds” or “series”
|
The John Hancock funds within this SAI as noted on the front cover and as the context may require
|
2 |
Term
|
Definition
|
“GNMA”
|
Government National Mortgage Association
|
“HKSCC”
|
Hong Kong Securities Clearing Company
|
“IOs”
|
Interest-Only
|
“IRA”
|
Individual Retirement Account
|
“IRS”
|
Internal Revenue Service
|
“JHCT”
|
John Hancock Collateral Trust
|
“JH Distributors”
|
John Hancock Distributors, LLC
|
“JHLICO New York”
|
John Hancock Life Insurance Company of New York
|
“JHLICO U.S.A.”
|
John Hancock Life Insurance Company (U.S.A.)
|
“LOI”
|
Letter of Intention
|
“LIBOR”
|
London Interbank Offered Rate
|
“MAAP”
|
Monthly Automatic Accumulation Program
|
“Manulife Financial” or “MFC”
|
Manulife Financial, a publicly traded company based in Toronto, Canada
|
“Manulife IM (NA)”
|
Manulife Investment Management (North America) Limited (formerly, John Hancock Asset Management a Division of Manulife Asset Management (North America) Limited)
|
“Manulife IM (US)”
|
Manulife Investment Management (US) LLC (formerly, John Hancock Asset Management a Division of Manulife Asset Management (US) LLC)
|
“MiFID II”
|
Markets in Financial Instruments Directive
|
“Moody’s”
|
Moody’s Investors Service, Inc
|
“NAV”
|
Net Asset Value
|
“NRSRO”
|
Nationally Recognized Statistical Rating Organization
|
“NYSE”
|
New York Stock Exchange
|
“OID”
|
Original Issue Discount
|
“OTC”
|
Over-The-Counter
|
“PAC”
|
Planned Amortization Class
|
“PFS”
|
Personal Financial Services
|
“POs”
|
Principal-Only
|
“PRC”
|
People’s Republic of China
|
“REITs”
|
Real Estate Investment Trusts
|
“RIC”
|
Regulated Investment Company
|
“RPS”
|
John Hancock Retirement Plan Services
|
“SARSEP”
|
Salary Reduction Simplified Employee Pension Plan
|
“SEC”
|
Securities and Exchange Commission
|
“SEP”
|
Simplified Employee Pension
|
“SIMPLE”
|
Savings Incentive Match Plan for Employees
|
“S&P”
|
S&P Global Ratings
|
“SLMA”
|
Student Loan Marketing Association
|
“SPACs”
|
Special Purpose Acquisition Companies
|
“State Street”
|
State Street Bank and Trust Company, State Street Financial Center, One Lincoln Street, Boston, Massachusetts 02111
|
“Stock Connect”
|
Hong Kong Stock Connect Program
|
“subadvisor”
|
Any subadvisors employed by John Hancock within this SAI as noted in Appendix B and as the context may require
|
“TAC”
|
Target Amortization Class
|
“TIGRs”
|
Treasury Receipts, Treasury Investors Growth Receipts
|
3 |
Term
|
Definition
|
“Trust”
|
John Hancock Bond Trust
John Hancock California Tax-Free Income Fund John Hancock Capital Series John Hancock Current Interest John Hancock Exchange-Traded Fund Trust John Hancock Funds II John Hancock Funds III John Hancock Investment Trust John Hancock Investment Trust II John Hancock Municipal Securities Trust John Hancock Sovereign Bond Fund John Hancock Strategic Series John Hancock Variable Insurance Trust |
“TSA”
|
Tax-Sheltered Annuity
|
“unaffiliated underlying funds”
|
underlying funds that are advised by an entity other than John Hancock’s investment advisor or its affiliates
|
“underlying funds”
|
funds in which the funds of funds invest
|
“UK”
|
United Kingdom
|
4 |
Trust
|
Date of Organization
|
John Hancock Current Interest
|
October 8, 1991
|
John Hancock Funds III
|
June 10, 2005
|
John Hancock Investment Trust
|
December 21, 1984
|
Fund
|
Commencement of Operations
|
Disciplined Value Fund
|
January 2, 1997 (predecessor fund inception date; became a series of the Trust on December 19, 2008)
|
Disciplined Value Mid Cap Fund
|
June 2, 1997 (predecessor fund inception date; became a series of the Trust on July 12, 2010)
|
Diversified Real Assets Fund
|
February 26, 2018
|
Fundamental Equity Income Fund
|
June 24, 2022
|
Global Shareholder Yield Fund
|
March 1, 2007
|
International Growth Fund
|
June 12, 2006
|
Mid Cap Growth Fund
|
October 17, 2005 (predecessor fund inception date; became a series of the Trust on October 18, 2021)
|
Money Market Fund
|
December 22, 1994
|
U.S. Growth Fund
|
December 20, 2011
|
5 |
•
|
liquidity protection; and
|
•
|
default protection.
|
•
|
“senior-subordinated securities” (multiple class securities with one or more classes subordinate to other classes as to the payment of principal thereof and interest thereon, with the result that defaults on the underlying assets are borne first by the holders of the subordinated class);
|
•
|
creation of “reserve funds” (where cash or investments, sometimes funded from a portion of the payments on the underlying assets, are held in reserve against future losses); and
|
•
|
“over-collateralization” (where the scheduled payments on, or the principal amount of, the underlying assets exceed those required to make payment on the securities and pay any servicing or other fees).
|
6 |
•
|
the exchange of outstanding commercial bank debt for bonds issued at 100% of face value that carry a below-market stated rate of interest (generally known as par bonds);
|
•
|
bonds issued at a discount from face value (generally known as discount bonds);
|
•
|
bonds bearing an interest rate which increases over time; and
|
•
|
bonds issued in exchange for the advancement of new money by existing lenders.
|
•
|
Export Development Corporation;
|
•
|
Farm Credit Corporation;
|
•
|
Federal Business Development Bank; and
|
•
|
Canada Post Corporation.
|
7 |
•
|
provincial railway corporation;
|
•
|
provincial hydroelectric or power commission or authority;
|
•
|
provincial municipal financing corporation or agency; and
|
•
|
provincial telephone commission or authority.
|
8 |
9 |
•
|
prices, changes in prices, or differences between prices of securities, currencies, intangibles, goods, articles or commodities (collectively, “underlying assets”); or
|
•
|
an objective index, economic factor or other measure, such as interest rates, currency exchange rates, commodity indices, and securities indices (collectively, “benchmarks”).
|
•
|
debt instruments with interest or principal payments or redemption terms determined by reference to the value of a currency or commodity or securities index at a future point in time;
|
•
|
preferred stock with dividend rates determined by reference to the value of a currency; or
|
•
|
convertible securities with the conversion terms related to a particular commodity.
|
10 |
11 |
12 |
13 |
Fund Name
|
DISCIPLINED VALUE FUND
|
DISCIPLINED VALUE MID CAP FUND
|
DIVERSIFIED REAL ASSETS FUND
|
GLOBAL SHAREHOLDER YIELD FUND
|
Gross Income from securities lending activities ($)
|
10,056
|
167,334
|
488,473
|
219,273
|
Fees and/or compensation for securities lending activities and related services
|
||||
Fees paid to securities lending agent from a revenue split ($)
|
160
|
3,107
|
55,836
|
21,715
|
Fees paid for any cash collateral management service (including fees deducted from a pooled cash collateral reinvestment vehicle) that are not included in the revenue split ($)
|
8,613
|
17,818
|
42,150
|
15,094
|
Administrative fees not included in revenue split
|
—
|
—
|
—
|
—
|
Indemnification fee not included in revenue split
|
—
|
—
|
—
|
—
|
Rebate (paid to borrower) ($)
|
—
|
135
|
11
|
570
|
Other fees not included in revenue split (specify)
|
||||
Aggregate fees/compensation for securities lending activities ($)
|
8,773
|
21,060
|
97,997
|
37,379
|
Net Income from securities lending activities ($)
|
1,283
|
146,274
|
390,476
|
181,894
|
Fund Name
|
INTERNATIONAL GROWTH FUND
|
MID CAP GROWTH FUND1
|
MID CAP GROWTH FUND2
|
Gross Income from securities lending activities ($)
|
1,434,027
|
41,485
|
267,505
|
Fees and/or compensation for securities lending activities and related services
|
|||
Fees paid to securities lending agent from a revenue split ($)
|
139,875
|
3,020
|
26,445
|
Fees paid for any cash collateral management service (including fees deducted from a pooled cash collateral reinvestment vehicle) that are not included in the revenue split ($)
|
47,385
|
4,311
|
37,642
|
Administrative fees not included in revenue split
|
—
|
—
|
|
Indemnification fee not included in revenue split
|
—
|
—
|
|
Rebate (paid to borrower) ($)
|
3,000
|
—
|
|
Other fees not included in revenue split (specify)
|
|||
Aggregate fees/compensation for securities lending activities ($)
|
190,260
|
7,331
|
64,087
|
Net Income from securities lending activities ($)
|
1,243,767
|
34,154
|
203,418
|
1 | Fiscal period from September 1, 2021 to March 31, 2022 (including predecessor fund). |
2 | Predecessor fund information for its fiscal year ended August 31, 2021. |
14 |
15 |
16 |
•
|
one-year, three-year and five-year constant maturity Treasury Bill rates;
|
•
|
three-month or six-month Treasury Bill rates;
|
•
|
11th District Federal Home Loan Bank Cost of Funds;
|
•
|
National Median Cost of Funds; or
|
•
|
one-month, three-month, six-month or one-year LIBOR and other market rates.
|
17 |
•
|
mortgage bankers;
|
•
|
commercial banks;
|
•
|
investment banks;
|
•
|
savings and loan associations; and
|
•
|
special purpose subsidiaries of the foregoing.
|
1 | collateralized by pools of mortgages in which each mortgage is guaranteed as to payment of principal and interest by an agency or instrumentality of the U.S. government; |
2 | collateralized by pools of mortgages in which payment of principal and interest is guaranteed by the issuer and the guarantee is collateralized by U.S. government securities; or |
3 | securities for which the proceeds of the issuance are invested in mortgage securities and payment of the principal and interest is supported by the credit of an agency or instrumentality of the U.S. government. |
18 |
19 |
20 |
•
|
Federal Reserve System member bank;
|
•
|
primary government securities dealer reporting to the Federal Reserve Bank of New York’s Market Reports Division; or
|
•
|
broker dealer that reports U.S. government securities positions to the Federal Reserve Board.
|
21 |
•
|
SLMA;
|
•
|
FHLBs;
|
•
|
FICBs; and
|
•
|
Fannie Mae.
|
22 |
23 |
Issuers of Zero Coupon Securities and Pay-In-Kind Bonds. Zero coupon securities and pay-in-kind bonds may be issued by a wide variety of corporate and governmental issuers. Although zero coupon securities and pay-in-kind bonds are generally not traded on a national securities exchange, these securities are widely traded by brokers and dealers and, to the extent they are widely traded, will not be considered illiquid for the purposes of the investment restriction under “Illiquid Securities.”
|
Tax Considerations. Current federal income tax law requires the holder of a zero coupon security or certain pay-in-kind bonds to accrue income with respect to these securities prior to the receipt of cash payments. To maintain its qualification as a RIC under the Code and avoid liability for federal income and excise taxes, a fund may be required to distribute income accrued with respect to these securities and may have to dispose of portfolio securities under disadvantageous circumstances in order to generate cash to satisfy these distribution requirements.
|
24 |
25 |
26 |
27 |
28 |
•
|
the obligor’s balance of payments, including export performance;
|
•
|
the obligor’s access to international credits and investments;
|
•
|
fluctuations in interest rates; and
|
•
|
the extent of the obligor’s foreign reserves.
|
29 |
•
|
reducing and rescheduling interest and principal payments by negotiating new or amended credit agreements or converting outstanding principal and unpaid interest to Brady Bonds; and
|
•
|
obtaining new credit to finance interest payments.
|
•
|
extremely poor prospects of ever attaining any real investment standing;
|
•
|
current identifiable vulnerability to default;
|
•
|
unlikely to have the capacity to pay interest and repay principal when due in the event of adverse business, financial or economic conditions;
|
•
|
are speculative with respect to the issuer’s capacity to pay interest and repay principal in accordance with the terms of the obligations; and/or
|
•
|
are in default or not current in the payment of interest or principal.
|
30 |
Volatility. Hybrid instruments are potentially more volatile and carry greater market risks than traditional debt instruments. Depending on the structure of the particular hybrid instrument, changes in a benchmark may be magnified by the terms of the hybrid instrument and have an even more dramatic and substantial effect upon the value of the hybrid instrument. Also, the prices of the hybrid instrument and the benchmark or underlying asset may not move in the same direction or at the same time.
|
Leverage Risk. Hybrid instruments may bear interest or pay preferred dividends at below market (or even relatively nominal) rates. Alternatively, hybrid instruments may bear interest at above market rates, but bear an increased risk of principal loss (or gain). For example, an increased risk of principal loss (or gain) may result if “leverage” is used to structure a hybrid instrument. Leverage risk occurs when the hybrid instrument is structured so that a change in a benchmark or underlying asset is multiplied to produce a greater value change in the hybrid instrument, thereby magnifying the risk of loss, as well as the potential for gain.
|
Liquidity Risk. Hybrid instruments also may carry liquidity risk since the instruments are often “customized” to meet the needs of a particular investor. Therefore, the number of investors that would be willing and able to buy such instruments in the secondary market may be smaller than for more traditional debt securities. In addition, because the purchase and sale of hybrid instruments could take place in an OTC market without the
|
31 |
guarantee of a central clearing organization or in a transaction between a fund and the issuer of the hybrid instrument, the creditworthiness of the counterparty or issuer of the hybrid instrument would be an additional risk factor, which the fund would have to consider and monitor.
|
Lack of U.S. Regulation. Hybrid instruments may not be subject to regulation of the CFTC, which generally regulates the trading of swaps and commodity futures by U.S. persons, the SEC, which regulates the offer and sale of securities by and to U.S. persons, or any other governmental regulatory authority.
|
Credit and Counterparty Risk. The issuer or guarantor of a hybrid instrument may be unable or unwilling to make timely principal, interest or settlement payments, or otherwise honor its obligations. Funds that invest in hybrid instruments are subject to varying degrees of risk that the issuers of the securities will have their credit rating downgraded or will default, potentially reducing a fund’s share price and income level.
|
Consumer Discretionary. The consumer discretionary sector may be affected by fluctuations in supply and demand and may also be adversely affected by changes in consumer spending as a result of world events, political and economic conditions, commodity price volatility, changes in exchange rates, imposition of import controls, increased competition, depletion of resources and labor relations.
|
For example, the coronavirus (COVID-19) pandemic led to materially reduced consumer demand in certain sectors, a disruption in supply chains and an increase in market closures and retail company bankruptcies. The coronavirus (COVID-19) pandemic may affect certain countries, industries, economic sectors, and companies more than others, may continue to exacerbate existing economic, political, or social tensions and may continue to increase the probability of an economic recession or depression. The impact on the consumer discretionary market may last for an extended period of time.
|
Consumer Staples. Companies in the consumer staples sector may be affected by general economic conditions, commodity production and pricing, consumer confidence and spending, consumer preferences, interest rates, product cycles, marketing, competition, and government regulation. Other risks include changes in global economic, environmental and political events, and the depletion of resources. Companies in the consumer staples sector may also be negatively impacted by government regulations affecting their products. For example, government regulations may affect the permissibility of using various food additives and production methods of companies that make food products, which could affect company profitability. Tobacco companies, in particular, may be adversely affected by new laws, regulations and litigation. Companies in the consumer staples sector may also be subject to risks relating to the supply of, demand for, and prices of raw materials. The prices of raw materials fluctuate in response to a number of factors, including, changes in exchange rates, import and export controls, changes in international agricultural and trading policies, and seasonal and weather conditions, among others. In addition, the success of food, beverage, household and personal product companies, in particular, may be strongly affected by unpredictable factors, such as, demographics, consumer spending, and product trends.
|
Energy. Companies in the energy sector may be affected by energy prices, supply and demand fluctuations including in energy fuels, energy conservation, liabilities arising from government or civil actions, environmental and other government regulations, and geopolitical events including political instability and war. The market value of companies in the local energy sector is heavily impacted by the levels and stability of global energy prices, energy conservation efforts, the success of exploration projects, exchange rates, interest rates, economic conditions, tax and other government regulations, increased competition and technological advances, as well as other factors. Companies in this sector may be subject to extensive government regulation and contractual fixed pricing, which may increase the cost of doing business and limit these companies’ profits. A large part of the returns of these companies depends on few customers, including governmental entities and utilities. As a result, governmental budget constraints may have a significant negative effect on the stock prices of energy sector companies. Energy companies may also operate in, or engage in, transactions involving countries with less developed regulatory regimes or a history of expropriation, nationalization or other adverse policies. As a result, securities of companies in the energy field are subject to quick price and supply fluctuations caused by events relating to international politics. Other risks include liability from accidents resulting in injury or loss of life or property, pollution or other environmental problems, equipment malfunctions or mishandling of materials and a risk of loss from terrorism, political strife and natural disasters. Energy companies can also be heavily affected by the supply of, and demand for, their specific product or service and for energy products in general, and government subsidization. Energy companies may have high levels of debt and may be more likely to restructure their businesses if there are downturns in energy markets or the economy as a whole.
|
Companies in the energy sector were adversely affected by reduced demand for oil and other energy commodities as a result of the slowdown in economic activity resulting from the spread of the coronavirus (COVID-19) pandemic and by price competition among key oil producing countries. Global oil prices declined significantly at the beginning of the coronavirus (COVID-19) pandemic and have experienced significant price volatility, including a period where an oil-price futures contract fell into negative territory for the first time in history, as demand for oil slowed and oil storage facilities had reached their storage capacities. The impact on such commodities markets from varying levels of demand may continue to be volatile for an extended period of time.
|
32 |
Financial Services. To the extent that a fund invests principally in securities of financial services companies, it is particularly vulnerable to events affecting that industry. Financial services companies may include, but are not limited to, commercial and industrial banks, savings and loan associations and their holding companies, consumer and industrial finance companies, diversified financial services companies, investment banking, securities brokerage and investment advisory companies, leasing companies and insurance companies. The types of companies that compose the financial services sector may change over time. These companies are all subject to extensive regulation, rapid business changes, volatile performance dependent upon the availability and cost of capital, prevailing interest rates and significant competition. General economic conditions significantly affect these companies. Credit and other losses resulting from the financial difficulty of borrowers or other third parties have a potentially adverse effect on companies in this sector. Investment banking, securities brokerage and investment advisory companies are particularly subject to government regulation and the risks inherent in securities trading and underwriting activities. In addition, all financial services companies face shrinking profit margins due to new competitors, the cost of new technology, and the pressure to compete globally.
Banking. Commercial banks (including “money center” regional and community banks), savings and loan associations and holding companies of the foregoing are especially subject to adverse effects of volatile interest rates, concentrations of loans in particular industries (such as real estate or energy) and significant competition. The profitability of these businesses is to a significant degree dependent upon the availability and cost of capital funds. Economic conditions in the real estate market may have a particularly strong effect on certain banks and savings associations. Commercial banks and savings associations are subject to extensive federal and, in many instances, state regulation. Neither such extensive regulation nor the federal insurance of deposits ensures the solvency or profitability of companies in this industry, and there is no assurance against losses in securities issued by such companies. Insurance. Insurance companies are particularly subject to government regulation and rate setting, potential anti-trust and tax law changes, and industry-wide pricing and competition cycles. Property and casualty insurance companies also may be affected by weather and other catastrophes. Life and health insurance companies may be affected by mortality and morbidity rates, including the effects of epidemics. Individual insurance companies may be exposed to reserve inadequacies, problems in investment portfolios (for example, due to real estate or “junk” bond holdings) and failures of reinsurance carriers. |
Health Sciences. Companies in this sector are subject to the additional risks of increased competition within the health care industry, changes in legislation or government regulations, reductions in government funding, product liability or other litigation and the obsolescence of popular products. The prices of the securities of health sciences companies may fluctuate widely due to government regulation and approval of their products and services, which may have a significant effect on their price and availability. In addition, the types of products or services produced or provided by these companies may quickly become obsolete. Moreover, liability for products that are later alleged to be harmful or unsafe may be substantial and may have a significant impact on a company’s market value or share price.
|
Industrials. Companies in the industrials sector may be affected by general economic conditions, commodity production and pricing, supply and demand fluctuations, environmental and other government regulations, geopolitical events, interest rates, insurance costs, technological developments, liabilities arising from governmental or civil actions, labor relations, import controls and government spending. The value of securities issued by companies in the industrials sector may also be adversely affected by supply and demand related to their specific products or services and industrials sector products in general, as well as liability for environmental damage and product liability claims and government regulations. For example, the products of manufacturing companies may face obsolescence due to rapid technological developments and frequent new product introduction. Certain companies within this sector, particularly aerospace and defense companies, may be heavily affected by government spending policies because companies involved in this industry rely, to a significant extent, on government demand for their products and services, and, therefore, the financial condition of, and investor interest in, these companies are significantly influenced by governmental defense spending policies, which are typically under pressure from efforts to control the U.S. (and other) government budgets. In addition, securities of industrials companies in transportation may be cyclical and have occasional sharp price movements which may result from economic changes, fuel prices, labor relations and insurance costs, and transportation companies in certain countries may also be subject to significant government regulation and oversight, which may adversely affect their businesses.
|
Internet-Related Investments. The value of companies engaged in Internet-related activities, which is a developing industry, is particularly vulnerable to: (a) rapidly changing technology; (b) extensive government regulation; and (c) relatively high risk of obsolescence caused by scientific and technological advances. In addition, companies engaged in Internet-related activities are difficult to value and many have high share prices relative to their earnings which they may not be able to maintain over the long-term. Moreover, many Internet companies are not yet profitable and will need additional financing to continue their operations. There is no guarantee that such financing will be available when needed. Since many Internet companies are start-up companies, the risks associated with investing in small companies are heightened for these companies. A fund that invests a significant portion of its assets in Internet-related companies should be considered extremely risky even as compared to other funds that invest primarily in small company securities.
|
Materials. Companies in the materials sector may be affected by general economic conditions, commodity production and prices, consumer preferences, interest rates, exchange rates, product cycles, marketing, competition, resource depletion, and environmental, import/export and other government regulations. Other risks may include liabilities for environmental damage and general civil liabilities, and mandated expenditures for safety and pollution control. The materials sector may also be affected by economic cycles, technological progress, and labor relations. At times, worldwide production of industrial materials has been greater than demand as a result of over-building or economic downturns, leading to poor investment returns or losses. These risks are heightened for companies in the materials sector located in foreign markets.
|
Natural Resources. A fund’s investments in natural resources companies are especially affected by variations in the commodities markets (which may be due to market events, regulatory developments or other factors that such fund cannot control) and such companies may lack the resources and the broad business lines to weather hard times. Natural resources companies can be significantly affected by events relating to domestic or
|
33 |
international political and economic developments, energy conservation efforts, the success of exploration projects, reduced availability of transporting, processing, storing or delivering natural resources, extreme weather or other natural disasters, and threats of attack by terrorists on energy assets. Additionally, natural resource companies are subject to substantial government regulation, including environmental regulation and liability for environmental damage, and changes in the regulatory environment for energy companies may adversely impact their profitability. At times, the performance of these investments may lag the performance of other sectors or the market as a whole.
|
Investments in certain commodity-linked instruments, such as crude oil and crude oil products, can be susceptible to negative prices due to a surplus in production caused by global events, including restrictions or reductions in global travel. Exposure to such commodity-linked instruments may adversely affect an issuer’s returns or the performance of the fund.
|
The natural resources sector was adversely impacted by the reduced demand for oil and other natural resources as a result of the slowdown in economic activity resulting from the spread of the coronavirus (COVID-19) pandemic. Beginning with the coronavirus (COVID-19) pandemic, global oil prices have experienced significant volatility, including a period where an oil-price futures contract fell into negative territory for the first time in history, as demand for oil slowed and oil storage facilities reached their storage capacities. The impact on the natural resources sector from varying levels of demand may continue to be volatile for an extended period of time.
|
Technology. Technology companies rely heavily on technological advances and face intense competition, both domestically and internationally, which may have an adverse effect on profit margins. Shortening of product cycle and manufacturing capacity increases may subject technology companies to aggressive pricing. Technology companies may have limited product lines, markets, financial resources or personnel. The products of technology companies may face product obsolescence due to rapid technological developments and frequent new product introduction, unpredictable changes in growth rates and competition for the services of qualified personnel. Technology companies may not successfully introduce new products, develop and maintain a loyal customer base or achieve general market acceptance for their products.
|
Stocks of technology companies, especially those of smaller, less-seasoned companies, tend to be more volatile than the overall market. Companies in the technology sector are also heavily dependent on patent and intellectual property rights, the loss or impairment of which may adversely affect the profitability of these companies. Technology companies engaged in manufacturing, such as semiconductor companies, often operate internationally which could expose them to risks associated with instability and changes in economic and political conditions, foreign currency fluctuations, changes in foreign regulations, competition from subsidized foreign competitors with lower production costs and other risks inherent to international business.
|
Telecommunications. Companies in the telecommunications sector are subject to the additional risks of rapid obsolescence due to technological advancement or development, lack of standardization or compatibility with existing technologies, an unfavorable regulatory environment, and a dependency on patent and copyright protection. The prices of the securities of companies in the telecommunications sector may fluctuate widely due to both federal and state regulations governing rates of return and services that may be offered, fierce competition for market share, and competitive challenges in the U.S. from foreign competitors engaged in strategic joint ventures with U.S. companies, and in foreign markets from both U.S. and foreign competitors. In addition, recent industry consolidation trends may lead to increased regulation of telecommunications companies in their primary markets.
|
Utilities. Companies in the utilities sector may be affected by general economic conditions, supply and demand, financing and operating costs, rate caps, interest rates, liabilities arising from governmental or civil actions, consumer confidence and spending, competition, technological progress, energy prices, resource conservation and depletion, man-made or natural disasters, geopolitical events, and environmental and other government regulations. The value of securities issued by companies in the utilities sector may be negatively impacted by variations in exchange rates, domestic and international competition, energy conservation and governmental limitations on rates charged to customers. Although rate changes of a regulated utility usually vary in approximate correlation with financing costs, due to political and regulatory factors rate changes usually happen only after a delay after the changes in financing costs. Deregulation may subject utility companies to increased competition and can negatively affect their profitability as it permits utility companies to diversify outside of their original geographic regions and customary lines of business, causing them to engage in more uncertain ventures. Deregulation can also eliminate restrictions on the profits of certain utility companies, but can simultaneously expose these companies to an increased risk of loss. Although opportunities may permit certain utility companies to earn more than their traditional regulated rates of return, companies in the utilities industry may have difficulty obtaining an adequate return on invested capital, raising capital, or financing large construction projects during periods of inflation or unsettled capital markets. Utility companies may also be subject to increased costs because of the effects of man-made or natural disasters. Current and future regulations or legislation can make it more difficult for utility companies to operate profitably. Government regulators monitor and control utility revenues and costs, and thus may restrict utility profits. There is no assurance that regulatory authorities will grant rate increases in the future, or that those increases will be adequate to permit the payment of dividends on stocks issued by a utility company. Because utility companies are faced with the same obstacles, issues and regulatory burdens, their securities may react similarly and more in unison to these or other market conditions.
|
34 |
35 |
Risk to Principal and Income. Investing in lower rated fixed-income securities is considered speculative. While these securities generally provide greater income potential than investments in higher rated securities, there is a greater risk that principal and interest payments will not be made. Issuers of these securities may even go into default or become bankrupt.
|
36 |
37 |
38 |
39 |
40 |
1 | The affiliated underlying funds could be required to sell securities or to invest cash, at times when they may not otherwise desire to do so. |
2 | Rebalancings may increase brokerage and/or other transaction costs of the affiliated underlying funds. |
3 | When a fund of funds owns a substantial portion of an affiliated underlying fund, a large redemption by the fund of funds could cause that affiliated underlying fund’s expenses to increase and could result in its portfolio becoming too small to be economically viable. |
4 | Rebalancings could accelerate the realization of taxable capital gains in affiliated underlying funds subject to large redemptions if sales of securities results in capital gains. |
41 |
•
|
declines in the value of real estate;
|
•
|
risks related to general and local economic conditions;
|
•
|
possible lack of availability of mortgage portfolios;
|
•
|
overbuilding;
|
•
|
extended vacancies of properties;
|
•
|
increased competition;
|
•
|
increases in property taxes and operating expenses;
|
•
|
change in zoning laws;
|
•
|
losses due to costs resulting from the clean-up of environmental problems;
|
•
|
liability to third parties for damages resulting from environmental problems;
|
•
|
casualty or condemnation losses;
|
•
|
limitations on rents;
|
42 |
•
|
changes in neighborhood values and the appeal of properties to tenants; and
|
•
|
changes in interest rates.
|
43 |
•
|
exchange-listed and OTC put and call options on securities, equity indices, volatility indices, financial futures contracts, currencies, fixed-income indices and other financial instruments;
|
•
|
financial futures contracts (including stock index futures);
|
•
|
interest rate transactions;*
|
•
|
currency transactions;**
|
•
|
warrants and rights (including non-standard warrants and participatory risks);
|
•
|
swaps (including interest rate, index, dividend, inflation, variance, equity, and volatility swaps, credit default swaps, swap options and currency swaps); and
|
•
|
structured notes, including hybrid or “index” securities.
|
•
|
to attempt to protect against possible changes in the market value of securities held or to be purchased by a fund resulting from securities markets or currency exchange rate fluctuations;
|
•
|
to protect a fund’s unrealized gains in the value of its securities;
|
•
|
to facilitate the sale of a fund’s securities for investment purposes;
|
•
|
to manage the effective maturity or duration of a fund’s securities;
|
44 |
•
|
to establish a position in the derivatives markets as a method of gaining exposure to a particular geographic region, market, industry, issuer, or security; or
|
•
|
to increase exposure to a foreign currency or to shift exposure to foreign currency fluctuations from one country to another.
|
•
|
insufficient trading interest in certain options;
|
•
|
restrictions on transactions imposed by an exchange;
|
45 |
•
|
trading halts, suspensions or other restrictions imposed with respect to particular classes or series of options or underlying securities, including reaching daily price limits;
|
•
|
interruption of the normal operations of the OCC or an exchange;
|
•
|
inadequacy of the facilities of an exchange or the OCC to handle current trading volume; or
|
•
|
a decision by one or more exchanges to discontinue the trading of options (or a particular class or series of options), in which event the relevant market for that option on that exchange would cease to exist, although any such outstanding options on that exchange would continue to be exercisable in accordance with their terms.
|
•
|
as a hedge against anticipated interest rate, currency or market changes;
|
•
|
for duration management;
|
•
|
for risk management purposes; and
|
•
|
to gain exposure to a securities market.
|
46 |
•
|
In connection with a fund’s investment in equity securities, a fund may invest in Index Futures while a subadvisor seeks favorable terms from brokers to effect transactions in equity securities selected for purchase.
|
•
|
A fund also may invest in Index Futures when a subadvisor believes that there are not enough attractive equity securities available to maintain the standards of diversity and liquidity set for the fund’s pending investment in such equity securities when they do become available.
|
•
|
Through the use of Index Futures, a fund may maintain a pool of assets with diversified risk without incurring the substantial brokerage costs that may be associated with investment in multiple issuers. This may permit a fund to avoid potential market and liquidity problems (e.g., driving up or forcing down the price by quickly purchasing or selling shares of a portfolio security) that may result from increases or decreases in positions already held by a fund.
|
•
|
A fund also may invest in Index Futures in order to hedge its equity positions.
|
47 |
•
|
forward currency contracts;
|
•
|
exchange-listed currency futures contracts and options thereon;
|
•
|
exchange-listed and OTC options on currencies;
|
•
|
currency swaps; and
|
•
|
spot transactions (i.e., transactions on a cash basis based on prevailing market rates).
|
48 |
49 |
50 |
51 |
•
|
possible default by the counterparty to the transaction;
|
•
|
markets for the securities used in these transactions could be illiquid; and
|
•
|
to the extent a subadvisor’s assessment of market movements is incorrect, the risk that the use of the hedging and other strategic transactions could result in losses to the fund.
|
•
|
option transactions could force the sale or purchase of portfolio securities at inopportune times or for prices higher than current market values (in the case of put options) or lower than current market values (in the case of call options), or could cause a fund to hold a security it might otherwise sell (in the case of a call option);
|
•
|
calls written on securities that a fund does not own are riskier than calls written on securities owned by the fund because there is no underlying security held by the fund that can act as a partial hedge, and there also is a risk, especially with less liquid securities, that the securities may not be available for purchase; and
|
•
|
options markets could become illiquid in some circumstances and certain OTC options could have no markets. As a result, in certain markets, a fund might not be able to close out a transaction without incurring substantial losses.
|
•
|
the degree of correlation between price movements of futures contracts and price movements in the related securities position of a fund could create the possibility that losses on the hedging instrument are greater than gains in the value of the fund’s position.
|
•
|
futures markets could become illiquid. As a result, in certain markets, a fund might not be able to close out a transaction without incurring substantial losses.
|
•
|
currency hedging can result in losses to a fund if the currency being hedged fluctuates in value to a degree or direction that is not anticipated;
|
•
|
proxy hedging involves determining the correlation between various currencies. If a subadvisor’s determination of this correlation is incorrect, a fund’s losses could be greater than if the proxy hedging were not used; and
|
•
|
foreign government exchange controls and restrictions on repatriation of currency can negatively affect currency transactions. These forms of
|
52 |
governmental actions can result in losses to a fund if it is unable to deliver or receive currency or monies to settle obligations. Such governmental actions also could cause hedges it has entered into to be rendered useless, resulting in full currency exposure as well as incurring transaction costs.
|
•
|
foreign governmental actions affecting foreign securities, currencies or other instruments;
|
•
|
less stringent regulation of these transactions in many countries as compared to the United States;
|
•
|
the lack of clearing mechanisms and related guarantees in some countries for these transactions;
|
•
|
more limited availability of data on which to make trading decisions than in the United States;
|
•
|
delays in a fund’s ability to act upon economic events occurring in foreign markets during non-business hours in the United States;
|
•
|
the imposition of different exercise and settlement terms and procedures and margin requirements than in the United States; and
|
•
|
lower trading volume and liquidity.
|
53 |
54 |
(1) Buy or sell oil, gas, or other mineral leases, rights or royalty contracts.
|
(2) Invest for the purpose of exercising control over or management of any company.
|
(3) Invest more than 15% of net assets in illiquid securities. For this purpose, “illiquid securities” may include certain restricted securities under the federal securities laws (including illiquid securities eligible for resale under Rules 144 or 144A), repurchase agreements, and securities that are not readily marketable. To the extent the Trustees determine that restricted securities eligible for resale under Rules 144 or 144A (safe harbor rules for resales of securities acquired under Section 4(2) private placements) under the 1933 Act, repurchase agreements and securities that are not readily marketable, are in fact liquid, they will not be included in the 15% limit on investment in illiquid securities.
|
Repurchase agreements maturing in more than seven days are considered illiquid, unless an agreement can be terminated after a notice period of seven days or less.
|
For so long as the SEC maintains the position that most swap contracts, caps, floors, and collars are illiquid, each fund will continue to designate these instruments as illiquid for purposes of its 15% illiquid limitation unless the instrument includes a termination clause or has been determined to be liquid based on a case-by-case analysis pursuant to procedures approved by the Board.
|
55 |
(4) Pledge, hypothecate, mortgage, or otherwise encumber its assets in excess of 33 1/3% of the fund’s total assets (taken at cost). (For the purposes of this restriction, collateral arrangements with respect to swap agreements, the writing of options, stock index, interest rate, currency or other futures, options on futures contracts and collateral arrangements with respect to initial and variation margin are not deemed to be a pledge or other encumbrance of assets. The deposit of securities or cash or cash equivalents in escrow in connection with the writing of covered call or put options, respectively, is not deemed to be a pledge or encumbrance.)
|
(9) Knowingly invest more than 15% of the value of its net assets in securities or other investments, including repurchase agreements maturing in more than seven days but excluding master demand notes, which are not readily marketable.
|
(10) Make short sales of securities or maintain a short position, if, when added together, more than 25% of the value of the fund’s net assets would be: (i) deposited as collateral for the obligation to replace securities borrowed to effect short sales; and (ii) allocated to segregated accounts in connection with short sales, except that it may obtain such short-term credits as may be required to clear transactions. For purposes of this restriction, collateral arrangements with respect to hedging and other strategic transactions will not be deemed to involve the use of margin. Short sales “against-the-box” are not subject to this limitation.
|
(11) Pledge, hypothecate, mortgage or transfer (except as provided in restriction (7)) as security for indebtedness any securities held by the fund, except in an amount of not more than 10% of the value of the fund’s total assets and then only to secure borrowings permitted by restrictions (2) and (9). For purposes of this restriction, collateral arrangements with respect to hedging and other strategic transactions will not be deemed to involve a pledge of assets.
|
For purposes of restriction (11), “other strategic transactions” can include short sales and derivative transactions intended for non-hedging purposes.
|
56 |
For purposes of Diversified Real Assets Fund’s fundamental investment restriction on concentration, the fund considers investment in the securities and other obligations of Real Asset Companies to be investment in a related group of industries.
|
57 |
(1) Concentration. The fund may not concentrate its investments in a particular industry, as that term is used in the 1940 Act, as amended, and as interpreted or modified by regulatory authority having jurisdiction, from time to time.
|
(2) Diversification. The fund has elected to be treated as a diversified investment company, as that term is used in the 1940 Act, as amended, and as interpreted or modified by regulatory authority having jurisdiction, from time to time.
|
(3) Borrowing. The fund may not borrow money, except as permitted under the 1940 Act, as amended, and as interpreted or modified by regulatory authority having jurisdiction, from time to time.
|
(4) Underwriting. The fund may not engage in the business of underwriting securities issued by others, except to the extent that the fund may be deemed to be an underwriter in connection with the disposition of portfolio securities.
|
(5) Real Estate. The fund may not purchase or sell real estate, which term does not include securities of companies which deal in real estate or mortgages or investments secured by real estate or interests therein, except that each fund reserves freedom of action to hold and to sell real estate acquired as a result of the fund’s ownership of securities.
|
(6) Commodities. The fund may not purchase or sell commodities, except as permitted under the 1940 Act, as amended, and as interpreted or modified by regulatory authority having jurisdiction, from time to time.
|
(7) Loans. A fund may not make loans except as permitted under the 1940 Act, as amended, and as interpreted or modified by regulatory authority having jurisdiction, from time to time.
|
(8) Senior Securities. A fund may not issue senior securities, except as permitted under the 1940 Act, as amended, and as interpreted or modified by regulatory authority having jurisdiction, from time to time.
|
For purposes of Fundamental Restriction No. 8, purchasing securities on a when-issued, forward commitment or delayed delivery basis and engaging in hedging and other strategic transactions will not be deemed to constitute the issuance of a senior security.
|
(1) Concentration. The fund may not concentrate its investments in a particular industry, as that term is used in the 1940 Act, as amended, and as interpreted or modified by regulatory authority having jurisdiction, from time to time.
|
(2) Diversification. The fund has elected to be treated as a diversified investment company, as that term is used in the 1940 Act, as amended, and as interpreted or modified by regulatory authority having jurisdiction, from time to time.
|
(3) Borrowing. The fund may not borrow money, except as permitted under the 1940 Act, as amended, and as interpreted or modified by regulatory authority having jurisdiction, from time to time.
|
(4) Underwriting. The fund may not engage in the business of underwriting securities issued by others, except to the extent that the fund may be deemed to be an underwriter in connection with the disposition of portfolio securities.
|
(5) Real Estate. The fund may not purchase or sell real estate, which term does not include securities of companies which deal in real estate or mortgages or investments secured by real estate or interests therein, except that each fund reserves freedom of action to hold and to sell real estate acquired as a result of the fund’s ownership of securities.
|
(6) Commodities. The fund may not purchase or sell commodities, except as permitted under the 1940 Act, as amended, and as interpreted or modified by regulatory authority having jurisdiction, from time to time.
|
(7) Loans. A fund may not make loans except as permitted under the 1940 Act, as amended, and as interpreted or modified by regulatory authority having jurisdiction, from time to time.
|
58 |
(8) Senior Securities. A fund may not issue senior securities, except as permitted under the 1940 Act, as amended, and as interpreted or modified by regulatory authority having jurisdiction, from time to time.
|
For purposes of Fundamental Restriction No. 8, purchasing securities on a when-issued, forward commitment or delayed delivery basis and engaging in hedging and other strategic transactions will not be deemed to constitute the issuance of a senior security.
|
59 |
60 |
Fund
|
2022
(%) |
2021
(%) |
Disciplined Value Fund
|
38
|
55
|
Disciplined Value Mid Cap Fund
|
26
|
52
|
Diversified Real Assets Fund
|
49
|
82
|
Fundamental Equity Income Fund1
|
-
|
-
|
Global Shareholder Yield Fund
|
24
|
30
|
International Growth Fund
|
78
|
78
|
Mid Cap Growth Fund
|
692
|
913
|
U.S. Growth Fund
|
91
|
101
|
1 | The fund commenced operations on June 24, 2022. |
2 | Fiscal period from September 1, 2021 to March 31, 2022. The fund commenced operations on October 18, 2021. The fiscal period ended March 31, 2022 includes the historical operating results of the predecessor fund for the period ended September 1 through October 15, 2021. |
3 | Predecessor fund information for its fiscal year ended August 31, 2021. |
61 |
Name
(Birth Year) |
Current Position(s) with the Trusts1
|
Principal Occupation(s) and Other Directorships
During the Past 5 Years |
Number of Funds in John Hancock Fund Complex Overseen by Trustee
|
Non-Independent Trustees
|
|||
Andrew G. Arnott2 (1971)
|
Trustee, each Trust (since 2017); President (since 2014)
|
Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (since 2018); Director and Executive Vice President, John Hancock Investment Management LLC (since 2005, including prior positions); Director and Executive Vice President, John Hancock Variable Trust Advisers LLC (since 2006, including prior positions); President, John Hancock Investment Management Distributors LLC (since 2004, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2007, including prior positions).
Trustee of various trusts within the John Hancock Fund Complex (since 2017).
|
191
|
62 |
Name
(Birth Year) |
Current Position(s) with the Trusts1
|
Principal Occupation(s) and Other Directorships
During the Past 5 Years |
Number of Funds in John Hancock Fund Complex Overseen by Trustee
|
Non-Independent Trustees
|
|||
Marianne Harrison2
(1963) |
Trustee, each Trust (since 2018)
|
President and CEO, John Hancock (since 2017); President and CEO, Manulife Canadian Division (2013–2017); Member, Board of Directors, Boston Medical Center (since 2021); Member, Board of Directors, CAE Inc. (since 2019); Member, Board of Directors, MA Competitive Partnership Board (since 2018); Member, Board of Directors, American Council of Life Insurers (ACLI) (since 2018); Member, Board of Directors, Communitech, an industry-led innovation center that fosters technology companies in Canada (2017–2019); Member, Board of Directors, Manulife Assurance Canada (2015–2017); Board Member, St. Mary’s General Hospital Foundation (2014–2017); Member, Board of Directors, Manulife Bank of Canada (2013–2017); Member, Standing Committee of the Canadian Life & Health Assurance Association (2013–2017); Member, Board of Directors, John Hancock USA, John Hancock Life & Health, John Hancock New York (2012–2013).
Trustee of various trusts within the John Hancock Fund Complex (since 2018).
|
191
|
1 | Because each Trust does not hold regular annual shareholder meetings, each Trustee holds office for an indefinite term until his or her successor is duly elected and qualified or until he or she dies, retires, resigns, is removed or becomes disqualified. Trustees may be removed from the Trust (provided the aggregate number of Trustees after such removal shall not be less than one) with cause or without cause, by the action of two-thirds of the remaining Trustees or by action of two-thirds of the outstanding shares of the Trust. |
2 | The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain of its affiliates. |
Name
(Birth Year) |
Current Position(s) with the Trusts1
|
Principal Occupation(s) and Other Directorships
During the Past 5 Years |
Number of Funds in John Hancock Fund Complex Overseen by Trustee
|
Independent Trustees
|
|||
James R. Boyle
(1959) |
Trustee, each Trust (2005–2010, 2012–2014, and since 2015)
|
Foresters Financial, Chief Executive Officer (2018–2022) and board member (2017–2022). Manulife Financial and John Hancock, more than 20 years, retiring in 2012 as Chief Executive Officer, John Hancock and Senior Executive Vice President, Manulife Financial.
Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015).
|
191
|
63 |
Name
(Birth Year) |
Current Position(s) with the Trusts1
|
Principal Occupation(s) and Other Directorships
During the Past 5 Years |
Number of Funds in John Hancock Fund Complex Overseen by Trustee
|
Independent Trustees
|
|||
Peter S. Burgess
(1942) |
Trustee, Current Interest and Investment Trust (since 2012); Trustee, John Hancock Funds III (2005–2006 and since 2012)
|
Consultant (financial, accounting, and auditing matters) (since 1999); Certified Public Accountant; Partner, Arthur Andersen (independent public accounting firm) (prior to 1999); Director, Lincoln Educational Services Corporation (2004–2021); Director, Symetra Financial Corporation (2010–2016); Director, PMA Capital Corporation (2004–2010).
Trustee of various trusts within the John Hancock Fund Complex (since 2005).
|
191
|
William H. Cunningham
(1944) |
Trustee, Current Interest and Investment Trust (since 1986); Trustee, John Hancock Funds III (since 2006)
|
Professor, University of Texas, Austin, Texas (since 1971); former Chancellor, University of Texas System and former President of the University of Texas, Austin, Texas; Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000).
Trustee of various trusts within the John Hancock Fund Complex (since 1986).
|
191
|
Grace K. Fey
(1946) |
Trustee, each Trust (since 2012)
|
Chief Executive Officer, Grace Fey Advisors (since 2007); Director and Executive Vice President, Frontier Capital Management Company (1988–2007); Director, Fiduciary Trust (since 2009).
Trustee of various trusts within the John Hancock Fund Complex (since 2008).
|
191
|
Deborah C. Jackson
(1952) |
Trustee, each Trust (since 2008)
|
President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Amwell Corporation (since 2020); Board of Directors, Massachusetts Women’s Forum (2018–2020); Board of Directors, National Association of Corporate Directors/New England (2015–2020); Chief Executive Officer, American Red Cross of Massachusetts Bay (2002–2011); Board of Directors of Eastern Bank Corporation (since 2001); Board of Directors of Eastern Bank Charitable Foundation (since 2001); Board of Directors of Boston Stock Exchange (2002–2008); Board of Directors of Harvard Pilgrim Healthcare (health benefits company) (2007–2011).
Trustee of various trusts within the John Hancock Fund Complex (since 2008).
|
191
|
Hassell H. McClellan
(1945) |
Trustee, Current Interest and Investment Trust (since 2012), Trustee, John Hancock Funds III (2005–2006 and since 2012); Chairperson of the Board, each Trust (since 2017)
|
Director/Trustee, Virtus Funds (2008–2020); Director, The Barnes Group (2010–2021); Associate Professor, The Wallace E. Carroll School of Management, Boston College (retired 2013).
Trustee (since 2005) and Chairperson of the Board (since 2017) of various trusts within the John Hancock Fund Complex.
|
191
|
64 |
Name
(Birth Year) |
Current Position(s) with the Trusts1
|
Principal Occupation(s) and Other Directorships
During the Past 5 Years |
Number of Funds in John Hancock Fund Complex Overseen by Trustee
|
Independent Trustees
|
|||
Steven R. Pruchansky
(1944) |
Trustee, Current Interest and Investment Trust (since 1994); Trustee, John Hancock Funds III (since 2006); Vice Chairperson of the Board, each Trust (since 2012)
|
Managing Director, Pru Realty (since 2017); Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (2014-2020); Director and President, Greenscapes of Southwest Florida, Inc. (until 2000); Member, Board of Advisors, First American Bank (until 2010); Managing Director, Jon James, LLC (real estate) (since 2000); Partner, Right Funding, LLC (2014-2017); Director, First Signature Bank & Trust Company (until 1991); Director, Mast Realty Trust (until 1994); President, Maxwell Building Corp. (until 1991).
Trustee (since 1992), Chairperson of the Board (2011–2012), and Vice Chairperson of the Board (since 2012) of various trusts within the John Hancock Fund Complex.
|
191
|
Frances G. Rathke
(1960) |
Trustee, each Trust (since 2020)
|
Director, Audit Committee Chair, Oatly Group AB (plant-based drink company) (since 2021); Director, Audit Committee Chair and Compensation Committee Member, Green Mountain Power Corporation (since 2016); Director, Treasurer and Finance & Audit Committee Chair, Flynn Center for Performing Arts (since 2016); Director and Audit Committee Chair, Planet Fitness (since 2016); Chief Financial Officer and Treasurer, Keurig Green Mountain, Inc. (2003-retired 2015).
Trustee of various trusts within the John Hancock Fund Complex (since 2020).
|
191
|
Gregory A. Russo
(1949) |
Trustee, Current Interest and Investment Trust (since 2009); Trustee, John Hancock Funds III (since 2008)
|
Director and Audit Committee Chairman (2012–2020), and Member, Audit Committee and Finance Committee (2011–2020), NCH Healthcare System, Inc. (holding company for multi-entity healthcare system); Director and Member (2012-2018), and Finance Committee Chairman (2014-2018), The Moorings, Inc. (nonprofit continuing care community); Global Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); Vice Chairman, Industrial Markets, KPMG (1998–2002).
Trustee of various trusts within the John Hancock Fund Complex (since 2008).
|
191
|
1 | Because each Trust does not hold regular annual shareholder meetings, each Trustee holds office for an indefinite term until his or her successor is duly elected and qualified or until he or she dies, retires, resigns, is removed or becomes disqualified. Trustees may be removed from the Trust (provided the aggregate number of Trustees after such removal shall not be less than one) with cause or without cause, by the action of two-thirds of the remaining Trustees or by action of two-thirds of the outstanding shares of the Trust. |
Name (Birth Year)
|
Current Position(s) with the Trusts1
|
Principal Occupation(s) During Past 5 Years
|
Charles A. Rizzo
(1957) |
Chief Financial Officer (since 2007)
|
Vice President, John Hancock Financial Services (since 2008); Senior Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2008); Chief Financial Officer of various trusts within the John Hancock Fund Complex (since 2007).
|
Salvatore Schiavone
(1965) |
Treasurer (since 2010)
|
Assistant Vice President, John Hancock Financial Services (since 2007); Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2007); Treasurer of various trusts within the John Hancock Fund Complex (since 2007, including prior positions).
|
65 |
Name (Birth Year)
|
Current Position(s) with the Trusts1
|
Principal Occupation(s) During Past 5 Years
|
Christopher (Kit) Sechler
(1973) |
Secretary and Chief Legal Officer (since 2018)
|
Vice President and Deputy Chief Counsel, John Hancock Investment Management (since 2015); Assistant Vice President and Senior Counsel (2009–2015), John Hancock Investment Management; Assistant Secretary of John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2009); Chief Legal Officer and Secretary of various trusts within the John Hancock Fund Complex (since 2009, including prior positions).
|
Trevor Swanberg
(1979) |
Chief Compliance Officer (since 2020)
|
Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2020); Deputy Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2019–2020); Assistant Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2016–2019); Vice President, State Street Global Advisors (2015–2016); Chief Compliance Officer of various trusts within the John Hancock Fund Complex (since 2016, including prior positions).
|
1 | Each officer holds office for an indefinite term until his or her successor is duly elected and qualified or until he or she dies, retires, resigns, is removed or becomes disqualified. |
66 |
67 |
68 |
Compensation Table1
|
||||
Name of Trustee
|
Total Compensation from Funds III ($)
|
Total Compensation from Current Interest ($)
|
Total Compensation from Investment Trust ($)
|
Total Compensation from Trusts and the John Hancock Fund Complex2 ($)
|
Independent Trustees
|
||||
Charles L. Bardelis3
|
36,692
|
580
|
16,335
|
243,000
|
James R. Boyle
|
64,325
|
1,151
|
28,821
|
427,500
|
Peter S. Burgess
|
65,963
|
1,184
|
29,529
|
437,500
|
William H. Cunningham
|
64,325
|
1,151
|
28,821
|
427,500
|
Grace K. Fey
|
67,656
|
1,219
|
30,291
|
447,500
|
Deborah C. Jackson
|
64,325
|
1,151
|
28,821
|
427,500
|
Hassell H. McClellan
|
89,330
|
1,661
|
39,877
|
577,500
|
James M. Oates4
|
0
|
0
|
0
|
0
|
Steven R. Pruchansky
|
64,325
|
1,151
|
28,821
|
427,500
|
Frances G. Rathke
|
61,870
|
1,102
|
27,757
|
412,500
|
Gregory A. Russo
|
67,656
|
1,219
|
30,291
|
447,500
|
Non-Independent Trustees
|
||||
Andrew G. Arnott
|
0
|
0
|
0
|
0
|
Marianne Harrison
|
0
|
0
|
0
|
0
|
1 | The Trust does not have a pension or retirement plan for any of its Trustees or officers. |
2 | There were approximately 191 series in the John Hancock Fund Complex as of March 31, 2022. |
3 | Mr. Bardelis retired as Trustee effective as of December 31, 2021. |
4 | Mr. Oates retired as Trustee effective as of April 30, 2021. |
69 |
Trust/Funds
|
Disciplined Value Fund
|
Disciplined Value Mid Cap Fund
|
Fundamental Equity Income1
|
Diversified Real Assets Fund
|
Global Shareholder Yield Fund
|
Independent Trustees
|
|||||
James R. Boyle
|
None
|
None
|
None
|
None
|
None
|
Peter S. Burgess
|
None
|
None
|
None
|
None
|
None
|
William H. Cunningham
|
None
|
None
|
None
|
None
|
None
|
Grace K. Fey
|
None
|
None
|
None
|
None
|
None
|
Deborah C. Jackson
|
$10,001 - $50,000
|
None
|
None
|
None
|
None
|
Hassell H. McClellan
|
None
|
None
|
None
|
None
|
None
|
Steven R. Pruchansky
|
$10,001 - $50,000
|
None
|
None
|
None
|
None
|
Frances G. Rathke
|
None
|
None
|
None
|
None
|
None
|
Gregory A. Russo
|
$50,001 - $100,000
|
$50,001 - $100,000
|
None
|
None
|
None
|
Non-Independent Trustees
|
|||||
Andrew G. Arnott
|
$1 - $10,000
|
None
|
None
|
None
|
None
|
Marianne Harrison
|
None
|
None
|
None
|
None
|
None
|
1 | The fund commenced operations on June 24, 2022. |
Trust/Funds
|
International Growth Fund
|
Mid Cap Growth Fund
|
Money Market Fund
|
U.S. Growth Fund
|
Total - John Hancock Fund Complex
|
Independent Trustees
|
|||||
James R. Boyle
|
None
|
None
|
None
|
None
|
Over $100,000
|
Peter S. Burgess
|
None
|
None
|
None
|
None
|
Over $100,000
|
William H. Cunningham
|
None
|
None
|
None
|
None
|
Over $100,000
|
Grace K. Fey
|
None
|
None
|
None
|
None
|
Over $100,000
|
Deborah C. Jackson
|
None
|
None
|
None
|
$10,001 - $50,000
|
Over $100,000
|
Hassell H. McClellan
|
None
|
None
|
None
|
None
|
Over $100,000
|
Steven R. Pruchansky
|
$50,001-$100,000
|
None
|
None
|
$50,001-$100,000
|
Over $100,000
|
Frances G. Rathke
|
None
|
None
|
None
|
None
|
Over $100,000
|
Gregory A. Russo
|
None
|
None
|
None
|
None
|
Over $100,000
|
Non-Independent Trustees
|
|||||
Andrew G. Arnott
|
None
|
None
|
Over $100,000
|
None
|
Over $100,000
|
Marianne Harrison
|
None
|
None
|
None
|
None
|
Over $100,000
|
70 |
JH Fund Name
|
Share Class
|
Name and Address
|
Percentage Owned
|
Type of Ownership
|
DISCIPLINED VALUE
|
A
|
MLPF& S FOR THE
SOLE BENEFIT OF ITS CUSTOMERS ATTN: FUND ADMINISTRATION 4800 DEER LAKE DRIVE EAST 2ND FL JACKSONVILLE FL 32246-6484 |
5.47%
|
RECORD
|
DISCIPLINED VALUE
|
A
|
CHARLES SCHWAB & CO INC
SPECIAL CUSTODY ACCOUNT FOR BENE OF CUST ATTN MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
6.04%
|
RECORD
|
DISCIPLINED VALUE
|
A
|
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY ST # 1WFC NEW YORK NY 10281-1015 |
6.75%
|
RECORD
|
DISCIPLINED VALUE
|
A
|
EDWARD D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER ROAD SAINT LOUIS MO 63131-3710 |
47.72%
|
RECORD
|
DISCIPLINED VALUE MID CAP
|
A
|
CHARLES SCHWAB & CO INC
SPECIAL CUSTODY ACCOUNT FOR BENE OF CUST ATTN MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
9.67%
|
RECORD
|
DISCIPLINED VALUE MID CAP
|
A
|
MLPF& S FOR THE
SOLE BENEFIT OF ITS CUSTOMERS ATTN: FUND ADMINISTRATION 4800 DEER LAKE DRIVE EAST 2ND FL JACKSONVILLE FL 32246-6484 |
9.97%
|
RECORD
|
DISCIPLINED VALUE MID CAP
|
A
|
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY ST # 1WFC NEW YORK NY 10281-1015 |
14.80%
|
RECORD
|
DISCIPLINED VALUE MID CAP
|
A
|
EDWARD D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER ROAD SAINT LOUIS MO 63131-3710 |
27.61%
|
RECORD
|
GLOBAL SHAREHOLDER YIELD
|
A
|
EDWARD D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER ROAD SAINT LOUIS MO 63131-3710 |
71.73%
|
RECORD
|
71 |
JH Fund Name
|
Share Class
|
Name and Address
|
Percentage Owned
|
Type of Ownership
|
INTERNATIONAL GROWTH
|
A
|
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY ST # 1WFC NEW YORK NY 10281-1015 |
6.63%
|
RECORD
|
INTERNATIONAL GROWTH
|
A
|
MORGAN STANLEY SMITH BARNEY LLC
FOR EXCLUSIVE BENEFIT OF CUSTOMERS 1 NEW YORK PLAZA FL. 12 NEW YORK NY 10004-1932 |
8.21%
|
RECORD
|
INTERNATIONAL GROWTH
|
A
|
CHARLES SCHWAB & CO INC
MUTUAL FUNDS DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
9.76%
|
RECORD
|
INTERNATIONAL GROWTH
|
A
|
EDWARD D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER ROAD SAINT LOUIS MO 63131-3710 |
48.62%
|
RECORD
|
MID CAP GROWTH
|
A
|
JOHN HANCOCK LIFE & HEALTH INS CO
CUSTODIAN FOR THE IRA OF CHRISTINE G MILLER 16558 POUNCEY TRACT RD ROCKVILLE VA 23146-1849 |
5.16%
|
BENEFICIAL
|
MID CAP GROWTH
|
A
|
JOHN HANCOCK LIFE & HEALTH INS CO
CUSTODIAN FOR THE IRA OF ROBERT D STEINGRUEBL 1324 JUNO AVE SAINT PAUL MN 55116-1627 |
5.68%
|
BENEFICIAL
|
MONEY MARKET
|
A
|
EDWARD D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER ROAD SAINT LOUIS MO 63131-3710 |
22.56%
|
RECORD
|
U.S. GROWTH
|
A
|
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY ST # 1WFC NEW YORK NY 10281-1015 |
6.80%
|
RECORD
|
U.S. GROWTH
|
A
|
EDWARD D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER ROAD SAINT LOUIS MO 63131-3710 |
11.98%
|
RECORD
|
DISCIPLINED VALUE
|
C
|
MORGAN STANLEY SMITH BARNEY LLC
FOR EXCLUSIVE BENEFIT OF CUSTOMERS 1 NEW YORK PLAZA FL. 12 NEW YORK NY 10004-1932 |
6.60%
|
RECORD
|
72 |
JH Fund Name
|
Share Class
|
Name and Address
|
Percentage Owned
|
Type of Ownership
|
DISCIPLINED VALUE
|
C
|
EDWARD D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER ROAD SAINT LOUIS MO 63131-3710 |
6.68%
|
RECORD
|
DISCIPLINED VALUE
|
C
|
AMERICAN ENTERPRISE INVESTMENT SVC
FBO CUSTOMERS 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
7.41%
|
RECORD
|
DISCIPLINED VALUE
|
C
|
WELLS FARGO CLEARING SERVICES, LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
7.79%
|
RECORD
|
DISCIPLINED VALUE
|
C
|
RAYMOND JAMES
OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
9.34%
|
RECORD
|
DISCIPLINED VALUE
|
C
|
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY ST # 1WFC NEW YORK NY 10281-1015 |
9.44%
|
RECORD
|
DISCIPLINED VALUE
|
C
|
LPL FINANCIAL
OMNIBUS CUSTOMER ACCOUNT ATTN: MUTUAL FUND TRADING 4707 EXECUTIVE DRIVE SAN DIEGO CA 92121-3091 |
12.68%
|
RECORD
|
DISCIPLINED VALUE
|
C
|
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0001 |
15.05%
|
RECORD
|
DISCIPLINED VALUE MID CAP
|
C
|
EDWARD D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER ROAD SAINT LOUIS MO 63131-3710 |
5.44%
|
RECORD
|
DISCIPLINED VALUE MID CAP
|
C
|
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY ST # 1WFC NEW YORK NY 10281-1015 |
6.32%
|
RECORD
|
DISCIPLINED VALUE MID CAP
|
C
|
AMERICAN ENTERPRISE INVESTMENT SVC
FBO CUSTOMERS 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
7.68%
|
RECORD
|
DISCIPLINED VALUE MID CAP
|
C
|
LPL FINANCIAL
OMNIBUS CUSTOMER ACCOUNT ATTN: MUTUAL FUND TRADING 4707 EXECUTIVE DRIVE SAN DIEGO CA 92121-3091 |
8.34%
|
RECORD
|
73 |
JH Fund Name
|
Share Class
|
Name and Address
|
Percentage Owned
|
Type of Ownership
|
DISCIPLINED VALUE MID CAP
|
C
|
RAYMOND JAMES
OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
10.98%
|
RECORD
|
DISCIPLINED VALUE MID CAP
|
C
|
MORGAN STANLEY SMITH BARNEY LLC
FOR EXCLUSIVE BENEFIT OF CUSTOMERS 1 NEW YORK PLAZA FL. 12 NEW YORK NY 10004-1932 |
11.36%
|
RECORD
|
DISCIPLINED VALUE MID CAP
|
C
|
WELLS FARGO CLEARING SERVICES, LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
11.79%
|
RECORD
|
DISCIPLINED VALUE MID CAP
|
C
|
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0001 |
15.75%
|
RECORD
|
GLOBAL SHAREHOLDER YIELD
|
C
|
AMERICAN ENTERPRISE INVESTMENT SVC
FBO CUSTOMERS 707 2ND AVE S MINNEAP OLIS MN 55402-2405 |
5.22%
|
RECORD
|
GLOBAL SHAREHOLDER YIELD
|
C
|
LPL FINANCIAL
OMNIBUS CUSTOMER ACCOUNT ATTN: MUTUAL FUND TRADING 4707 EXECUTIVE DRIVE SAN DIEGO CA 92121-3091 |
6.89%
|
RECORD
|
GLOBAL SHAREHOLDER YIELD
|
C
|
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY ST # 1WFC NEW YORK NY 10281-1015 |
8.08%
|
RECORD
|
GLOBAL SHAREHOLDER YIELD
|
C
|
RAYMOND JAMES
OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
10.06%
|
RECORD
|
GLOBAL SHAREHOLDER YIELD
|
C
|
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0001 |
12.18%
|
RECORD
|
GLOBAL SHAREHOLDER YIELD
|
C
|
EDWARD D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER ROAD SAINT LOUIS MO 63131-3710 |
15.41%
|
RECORD
|
GLOBAL SHAREHOLDER YIELD
|
C
|
WELLS FARGO CLEARING SERVICES, LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
21.05%
|
RECORD
|
74 |
JH Fund Name
|
Share Class
|
Name and Address
|
Percentage Owned
|
Type of Ownership
|
INTERNATIONAL GROWTH
|
C
|
MLPF& S FOR THE
SOLE BENEFIT OF ITS CUSTOMERS ATTN: FUND ADMINISTRATION 4800 DEER LAKE DRIVE EAST 2ND FL JACKSONVILLE FL 32246-6484 |
5.27%
|
RECORD
|
INTERNATIONAL GROWTH
|
C
|
LPL FINANCIAL
OMNIBUS CUSTOMER ACCOUNT ATTN: MUTUAL FUND TRADING 4707 EXECUTIVE DRIVE SAN DIEGO CA 92121-3091 |
5.50%
|
RECORD
|
INTERNATIONAL GROWTH
|
C
|
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0001 |
5.65%
|
RECORD
|
INTERNATIONAL GROWTH
|
C
|
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY ST # 1WFC NEW YORK NY 10281-1015 |
6.55%
|
RECORD
|
INTERNATIONAL GROWTH
|
C
|
RAYMOND JAMES
OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
9.80%
|
RECORD
|
INTERNATIONAL GROWTH
|
C
|
WELLS FARGO CLEARING SERVICES, LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
12.05%
|
RECORD
|
INTERNATIONAL GROWTH
|
C
|
AMERICAN ENTERPRISE INVESTMENT SVC
FBO CUSTOMERS 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
15.59%
|
RECORD
|
INTERNATIONAL GROWTH
|
C
|
MORGAN STANLEY SMITH BARNEY LLC
FOR EXCLUSIVE BENEFIT OF CUSTOMERS 1 NEW YORK PLAZA FL. 12 NEW YORK NY 10004-1932 |
19.20%
|
RECORD
|
MID CAP GROWTH
|
C
|
JOHN HANCOCK LIFE & HEALTH INS CO
CUSTODIAN FOR THE IRA OF SHAGAVIA YONNE WILLIAMS 1233 SHYREFORD CIR LAWRENCEVILLE GA 30043-4475 |
7.18%
|
BENEFICIAL
|
MID CAP GROWTH
|
C
|
AMERICAN ENTERPRISE INVESTMENT SVC
FBO CUSTOMERS 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
19.17%
|
RECORD
|
MID CAP GROWTH
|
C
|
MANULIFE REINSURANCE (BERMUDA) LTD
200 BERKELEY ST BOSTON MA 02116-5022 |
73.65%
|
RECORD
|
75 |
JH Fund Name
|
Share Class
|
Name and Address
|
Percentage Owned
|
Type of Ownership
|
MONEY MARKET
|
C
|
WELLS FARGO CLEARING SERVICES, LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
5.26%
|
RECORD
|
MONEY MARKET
|
C
|
ASCENSUS TRUST COMPANY FBO
FRANCIS JAYAKUMAR PO BOX 10758 FARGO ND 58106-0758 |
6.19%
|
BENEFICIAL
|
MONEY MARKET
|
C
|
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY ST # 1WFC NEW YORK NY 10281-1015 |
34.99%
|
RECORD
|
U.S. GROWTH
|
C
|
WELLS FARGO CLEARING SERVICES, LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
5.54%
|
RECORD
|
U.S. GROWTH
|
C
|
RAYMOND JAMES
OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
10.48%
|
RECORD
|
U.S. GROWTH
|
C
|
AMERICAN ENTERPRISE INVESTMENT SVC
FBO CUSTOMERS 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
12.65%
|
RECORD
|
U.S. GROWTH
|
C
|
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY ST # 1WFC NEW YORK NY 10281-1015 |
12.83%
|
RECORD
|
U.S. GROWTH
|
C
|
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0001 |
23.20%
|
RECORD
|
DISCIPLINED VALUE
|
I
|
CHARLES SCHWAB & CO INC
SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTN MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
5.50%
|
RECORD
|
DISCIPLINED VALUE
|
I
|
AMERICAN ENTERPRISE INVESTMENT SVC
FBO CUSTOMERS 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
6.79%
|
RECORD
|
DISCIPLINED VALUE
|
I
|
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0001 |
6.96%
|
RECORD
|
DISCIPLINED VALUE
|
I
|
LPL FINANCIAL
OMNIBUS CUSTOMER ACCOUNT ATTN: MUTUAL FUND TRADING 4707 EXECUTIVE DRIVE SAN DIEGO CA 92121-3091 |
12.48%
|
RECORD
|
76 |
JH Fund Name
|
Share Class
|
Name and Address
|
Percentage Owned
|
Type of Ownership
|
DISCIPLINED VALUE
|
I
|
MLPF& S FOR THE
SOLE BENEFIT OF ITS CUSTOMERS ATTN: FUND ADMINISTRATION 97C55 4800 DEER LAKE DRIVE EAST 2ND FL JACKSONVILLE FL 32246-6484 |
17.49%
|
RECORD
|
DISCIPLINED VALUE
|
I
|
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY ST # 1WFC NEW YORK NY 10281-1015 |
31.67%
|
RECORD
|
DISCIPLINED VALUE MID CAP
|
I
|
MLPF&S INC
FOR THE BENEFIT OF OUR CUSTOMERS 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6486 |
6.85%
|
RECORD
|
DISCIPLINED VALUE MID CAP
|
I
|
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0001 |
10.90%
|
RECORD
|
DISCIPLINED VALUE MID CAP
|
I
|
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY ST # 1WFC NEW YORK NY 10281-1015 |
14.68%
|
RECORD
|
DISCIPLINED VALUE MID CAP
|
I
|
WELLS FARGO CLEARING SERVICES, LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
14.78%
|
RECORD
|
DISCIPLINED VALUE MID CAP
|
I
|
LPL FINANCIAL
OMNIBUS CUSTOMER ACCOUNT ATTN: MUTUAL FUND TRADING 4707 EXECUTIVE DRIVE SAN DIEGO CA 92121-3091 |
26.26%
|
RECORD
|
FUNDAMENTAL EQUITY INCOME
|
I
|
MANULIFE REINSURANCE (BERMUDA) LTD
200 BERKELEY ST BOSTON MA 02116-5022 |
100.00%
|
RECORD
|
GLOBAL SHAREHOLDER YIELD
|
I
|
AMERICAN ENTERPRISE INVESTMENT SVC
FBO CUSTOMERS 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
5.15%
|
RECORD
|
GLOBAL SHAREHOLDER YIELD
|
I
|
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY ST # 1WFC NEW YORK NY 10281-1015 |
6.28%
|
RECORD
|
GLOBAL SHAREHOLDER YIELD
|
I
|
WELLS FARGO CLEARING SERVICES, LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
73.61%
|
RECORD
|
77 |
JH Fund Name
|
Share Class
|
Name and Address
|
Percentage Owned
|
Type of Ownership
|
INTERNATIONAL GROWTH
|
I
|
LPL FINANCIAL
OMNIBUS CUSTOMER ACCOUNT ATTN: MUTUAL FUND TRADING 4707 EXECUTIVE DRIVE SAN DIEGO CA 92121-3091 |
6.72%
|
RECORD
|
INTERNATIONAL GROWTH
|
I
|
MLPF& S FOR THE
SOLE BENEFIT OF ITS CUSTOMERS ATTN: FUND ADMINISTRATION 97C55 4800 DEER LAKE DRIVE EAST 2ND FL JACKSONVILLE FL 32246-6484 |
7.93%
|
RECORD
|
INTERNATIONAL GROWTH
|
I
|
AMERICAN ENTERPRISE INVESTMENT SVC
FBO CUSTOMERS 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
8.81%
|
RECORD
|
INTERNATIONAL GROWTH
|
I
|
RAYMOND JAMES
OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
8.89%
|
RECORD
|
INTERNATIONAL GROWTH
|
I
|
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY ST # 1WFC NEW YORK NY 10281-1015 |
15.72%
|
RECORD
|
INTERNATIONAL GROWTH
|
I
|
MORGAN STANLEY SMITH BARNEY LLC
FOR EXCLUSIVE BENEFIT OF CUSTOMERS 1 NEW YORK PLAZA FL. 12 NEW YORK NY 10004-1932 |
24.70%
|
RECORD
|
MID CAP GROWTH
|
I
|
LPL FINANCIAL
OMNIBUS CUSTOMER ACCOUNT ATTN: MUTUAL FUND TRADING 4707 EXECUTIVE DRIVE SAN DIEGO CA 92121-3091 |
35.79%
|
RECORD
|
MID CAP GROWTH
|
I
|
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY ST # 1WFC NEW YORK NY 10281-1015 |
61.53%
|
RECORD
|
U.S. GROWTH
|
I
|
CHARLES SCHWAB & CO INC
MUTUAL FUNDS DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
8.87%
|
RECORD
|
U.S. GROWTH
|
I
|
LPL FINANCIAL
OMNIBUS CUSTOMER ACCOUNT ATTN: MUTUAL FUND TRADING 4707 EXECUTIVE DRIVE SAN DIEGO CA 92121-3091 |
14.43%
|
RECORD
|
U.S. GROWTH
|
I
|
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0001 |
17.40%
|
RECORD
|
78 |
JH Fund Name
|
Share Class
|
Name and Address
|
Percentage Owned
|
Type of Ownership
|
U.S. GROWTH
|
I
|
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY ST # 1WFC NEW YORK NY 10281-1015 |
22.62%
|
RECORD
|
U.S. GROWTH
|
I
|
AMERICAN ENTERPRISE INVESTMENT SVC
FBO CUSTOMERS 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
22.74%
|
RECORD
|
DISCIPLINED VALUE
|
R2
|
SAMMONS FINANCIAL NETWORK LLC
4546 CORPORATE DR STE 100 WDM IA 50266-5911 |
6.94%
|
BENEFICIAL
|
DISCIPLINED VALUE
|
R2
|
NATIONAL FINANCIAL SERVICES LLC
499 WASHINGTON BLVD JERSEY CITY NJ 07310-1995 |
8.64%
|
RECORD
|
DISCIPLINED VALUE
|
R2
|
DCGT AS TTEE AND/OR CUST
FBO PLIC VARIOUS RETIREMENT PLANS OMNIBUS ATTN NPIO TRADE DESK 711 HIGH ST DES MOINES IA 50392-0001 |
11.15%
|
RECORD
|
DISCIPLINED VALUE
|
R2
|
JOHN HANCOCK TRUST COMPANY
690 CANTON ST STE 100 WESTWOOD MA 02090-2324 |
14.96%
|
RECORD
|
DISCIPLINED VALUE
|
R2
|
MLPF& S FOR THE
SOLE BENEFIT OF ITS CUSTOMERS ATTN: FUND ADMINISTRATION 4800 DEER LAKE DRIVE EAST 2ND FL JACKSONVILLE FL 32246-6484 |
15.20%
|
RECORD
|
DISCIPLINED VALUE MID CAP
|
R2
|
JOHN HANCOCK TRUST COMPANY
690 CANTON ST STE 100 WESTWOOD MA 02090-2324 |
5.10%
|
RECORD
|
DISCIPLINED VALUE MID CAP
|
R2
|
PIMS/PRUDENTIAL RETIREMENT
AS NOMINEE FOR THE TTEE/CUST PL 010 UNIV OF MARYLAND MEDICAL SYSTEM ATTN HR/RETIREMENT BENEFITS DEPT 920 ELKRIDGE LANDING RD FL 1ST LINTHICUM MD 21090-2917 |
5.32%
|
BENEFICIAL
|
DISCIPLINED VALUE MID CAP
|
R2
|
PIMS/PRUDENTIAL RETIREMENT
AS NOMINEE FOR THE TTEE/CUST PL 008 UMMS 401(A) DEFINED 920 ELKRIDGE LANDING ROAD 1ST FLOOR LINTHICUM MD 21090-2917 |
8.47%
|
BENEFICIAL
|
DISCIPLINED VALUE MID CAP
|
R2
|
MLPF& S FOR THE
SOLE BENEFIT OF ITS CUSTOMERS ATTN: FUND ADMINISTRATION 4800 DEER LAKE DRIVE EAST 2ND FL JACKSONVILLE FL 32246-6484 |
9.11%
|
RECORD
|
79 |
JH Fund Name
|
Share Class
|
Name and Address
|
Percentage Owned
|
Type of Ownership
|
DISCIPLINED VALUE MID CAP
|
R2
|
PIMS/PRUDENTIAL RETIREMENT
AS NOMINEE FOR THE TTEE/CUST PL 008 UMMS VOLUNTARY 403(B) PLAN 920 ELKRIDGE LANDING ROAD 1ST FLOOR LINTHICUM MD 21090-2917 |
16.34%
|
BENEFICIAL
|
GLOBAL SHAREHOLDER YIELD
|
R2
|
NATIONAL FINANCIAL SERVICES LLC
499 WASHINGTON BLVD JERSEY CITY NJ 07310-1995 |
5.98%
|
RECORD
|
GLOBAL SHAREHOLDER YIELD
|
R2
|
MATRIX TRUST COMPANY CUST FBO
MULVANE SCHOOL DIST USD 263 403(B) 717 17TH ST STE 1300 DENVER CO 80202-3304 |
6.14%
|
BENEFICIAL
|
GLOBAL SHAREHOLDER YIELD
|
R2
|
RICHARD MANGANIELLO &
TRINA MANGANIELLO TTEES CONNECTICUT EYE PHYSICIANS AND SURGEONS LLC CASH BALANCE PLAN 479 BUCKLAND ROAD SOUTH WINDSOR CT 06074-3739 |
8.84%
|
BENEFICIAL
|
GLOBAL SHAREHOLDER YIELD
|
R2
|
MID ATLANTIC TRUST COMPANY FBO
WILKINSON MANUFACTURING INC 401(K) PROFIT SHARING PLAN & TRUST 1251 WATERFRONT PLACE, SUITE 525 PITTSBURGH PA 15222-4228 |
13.37%
|
BENEFICIAL
|
INTERNATIONAL GROWTH
|
R2
|
NATIONAL FINANCIAL SERVICES LLC
499 WASHINGTON BLVD JERSEY CITY NJ 07310-1995 |
6.69%
|
RECORD
|
INTERNATIONAL GROWTH
|
R2
|
MLPF& S FOR THE
SOLE BENEFIT OF ITS CUSTOMERS ATTN: FUND ADMINISTRATION 4800 DEER LAKE DRIVE EAST 2ND FL JACKSONVILLE FL 32246-6484 |
8.75%
|
RECORD
|
INTERNATIONAL GROWTH
|
R2
|
DCGT AS TTEE AND/OR CUST
FBO PLIC VARIOUS RETIREMENT PLANS ATTN NPIO TRADE DESK OMNIBUS 711 HIGH ST DES MOINES IA 50392-0001 |
15.99%
|
RECORD
|
INTERNATIONAL GROWTH
|
R2
|
MATRIX TRUST COMPANY AS AGENT FOR
ADVISOR TRUST, INC. KADES-MARGOLIS IRA MBD 717 17TH ST STE 1300 DENVER CO 80202-3304 |
19.33%
|
BENEFICIAL
|
INTERNATIONAL GROWTH
|
R2
|
MATRIX TRUST COMPANY CUST FBO
KADES-MARGOLIS 403B MBD 717 17TH ST STE 1300 DENVER CO 80202-3304 |
35.05%
|
BENEFICIAL
|
80 |
JH Fund Name
|
Share Class
|
Name and Address
|
Percentage Owned
|
Type of Ownership
|
U.S. GROWTH
|
R2
|
MG TRUST COMPANY CUST FBO
BRONSON COMMUNITY SCHOOLS 403 B 717 17TH ST STE 1300 DENVER CO 80202-3304 |
5.25%
|
BENEFICIAL
|
U.S. GROWTH
|
R2
|
MATRIX TRUST COMPANY AS AGENT FOR
ADVISOR TRUST, INC VERNON COLLEGE 403(B) PLAN 717 17TH ST STE 1300 DENVER CO 80202-3304 |
6.30%
|
BENEFICIAL
|
U.S. GROWTH
|
R2
|
ASCENSUS TRUST COMPANY FBO
VERONICA S GLASS JEWELRY RETIREMENT PO BOX 10758 FARGO ND 58106-0758 |
7.54%
|
BENEFICIAL
|
U.S. GROWTH
|
R2
|
ASCENSUS TRUST COMPANY FBO
MURPHY CONSULTING RETIREMENT PLAN PO BOX 10758 FARGO ND 58106-0758 |
10.13%
|
BENEFICIAL
|
U.S. GROWTH
|
R2
|
ASCENSUS TRUST COMPANY FBO
ILGENFRITZ CONSULTING LLC RETIREMEN PO BOX 10758 FARGO ND 58106-0758 |
11.64%
|
BENEFICIAL
|
U.S. GROWTH
|
R2
|
LPL FINANCIAL
OMNIBUS CUSTOMER ACCOUNT ATTN: MUTUAL FUND TRADING 4707 EXECUTIVE DRIVE SAN DIEGO CA 92121-3091 |
15.83%
|
RECORD
|
U.S. GROWTH
|
R2
|
ASCENSUS TRUST COMPANY FBO
INLAND PAPER COMPANY 401 K PLAN PO BOX 10758 FARGO ND 58106-0758 |
16.88%
|
BENEFICIAL
|
DISCIPLINED VALUE
|
R4
|
RELIANCE TRUST COMPANY FBO
MASSMUTUAL REGISTERED PRODUCT PO BOX 28004 ATLANTA GA 30358-0004 |
6.56%
|
RECORD
|
DISCIPLINED VALUE
|
R4
|
NATIONAL FINANCIAL SERVICES LLC
499 WASHINGTON BLVD JERSEY CITY NJ 07310-1995 |
16.23%
|
RECORD
|
DISCIPLINED VALUE
|
R4
|
ING NATIONAL TRUST
GORDON ELROD 1 ORANGE WAY WINDSOR CT 06095-4773 |
23.07%
|
BENEFICIAL
|
DISCIPLINED VALUE
|
R4
|
TIAA FSB CUST/TTEE FBO
RETIREMENT PLANS FOR WHICH TIAA ACTS AS RECORDKEEPER ATTN TRUST OPERATIONS 211 N BROADWAY STE 1000 SAINT LOUIS MO 63102-2748 |
31.19%
|
RECORD
|
81 |
JH Fund Name
|
Share Class
|
Name and Address
|
Percentage Owned
|
Type of Ownership
|
DISCIPLINED VALUE MID CAP
|
R4
|
GREAT-WEST TRUST COMPANY LLC FBO
EMPLOYEE BENEFITS CLIENTS 401K 8515 E ORCHARD RD 2T2 GREENWOOD VILLAGE CO 80111-5002 |
5.05%
|
RECORD
|
DISCIPLINED VALUE MID CAP
|
R4
|
CHARLES SCHWAB & CO INC
SPECIAL CUSTODY ACCOUNT FOR BENE OF CUST ATTN MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
6.48%
|
RECORD
|
DISCIPLINED VALUE MID CAP
|
R4
|
NATIONAL FINANCIAL SERVICES LLC
499 WASHINGTON BLVD JERSEY CITY NJ 07310-1995 |
17.04%
|
RECORD
|
DISCIPLINED VALUE MID CAP
|
R4
|
LINCOLN RETIREMENT SERVICES COMPANY
FBO PRINCE WILLIAM 403B PO BOX 7876 FORT WAYNE IN 46801-7876 |
32.52%
|
BENEFICIAL
|
INTERNATIONAL GROWTH
|
R4
|
GREAT-WEST TRUST COMPANY LLC FBO
EMPLOYEE BENEFITS CLIENTS 401K 8515 E ORCHARD RD 2T2 GREENWOOD VILLAGE CO 80111-5002 |
7.54%
|
RECORD
|
INTERNATIONAL GROWTH
|
R4
|
JOHN HANCOCK TRUST COMPANY LLC
690 CANTON ST STE 100 WESTWOOD MA 02090-2324 |
18.78%
|
RECORD
|
INTERNATIONAL GROWTH
|
R4
|
DCGT AS TTEE AND/OR CUST
FBO PLIC VARIOUS RETIREMENT PLANS ATTN NPIO TRADE DESK OMNIBUS 711 HIGH ST DES MOINES IA 50392-0001 |
27.85%
|
RECORD
|
INTERNATIONAL GROWTH
|
R4
|
RELIANCE TRUST CO TTEE
ADP ACCESS LARGE MARKET 401K 201 17TH ST NW STE 1000 ATLANTA GA 30363-1195 |
33.46%
|
RECORD
|
U.S. GROWTH
|
R4
|
MG TRUST COMPANY CUST FBO
NORTON COMM SCH USD #211 403 B 717 17TH ST STE 1300 DENVER CO 80202-3304 |
100.00%
|
BENEFICIAL
|
DISCIPLINED VALUE
|
R5
|
STATE STREET BANK AND TRUST AS
TRUSTEE AND OR CUSTODIAN FBO ADP ACCESS PRODUCT 1 LINCOLN ST BOSTON MA 02111-2901 |
5.37%
|
RECORD
|
82 |
JH Fund Name
|
Share Class
|
Name and Address
|
Percentage Owned
|
Type of Ownership
|
DISCIPLINED VALUE
|
R5
|
CHARLES SCHWAB & CO INC
MUTUAL FUNDS DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
13.91%
|
RECORD
|
DISCIPLINED VALUE
|
R5
|
DCGT AS TTEE AND/OR CUST
FBO PLIC VARIOUS RETIREMENT PLANS OMNIBUS ATTN NPIO TRADE DESK 711 HIGH ST DES MOINES IA 50392-0001 |
16.18%
|
RECORD
|
DISCIPLINED VALUE
|
R5
|
TIAA FSB CUST/TTEE FBO
RETIREMENT PLANS FOR WHICH TIAA ACTS AS RECORDKEEPER ATTN TRUST OPERATIONS 211 N BROADWAY STE 1000 SAINT LOUIS MO 63102-2748 |
24.39%
|
RECORD
|
DISCIPLINED VALUE
|
R5
|
MINNESOTA LIFE INSURANCE COMPANY
400 ROBERT ST N STE A SAINT PAUL MN 55101-2099 |
29.50%
|
BENEFICIAL
|
DISCIPLINED VALUE
|
R6
|
TIAA FSB CUST/TTEE FBO
RETIREMENT PLANS FOR WHICH TIAA ACTS AS RECORDKEEPER ATTN TRUST OPERATIONS 211 N BROADWAY STE 1000 SAINT LOUIS MO 63102-2748 |
10.58%
|
RECORD
|
DISCIPLINED VALUE
|
R6
|
JOHN HANCOCK LIFE INSURANCE
COMPANY (USA) ATTN: JHRPS TRADING OPS ST6 200 BERKELEY ST BOSTON MA 02116-5022 |
13.73%
|
RECORD
|
DISCIPLINED VALUE
|
R6
|
EDWARD D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER ROAD SAINT LOUIS MO 63131-3710 |
19.57%
|
RECORD
|
DISCIPLINED VALUE
|
R6
|
NATIONAL FINANCIAL SERVICES LLC
499 WASHINGTON BLVD JERSEY CITY NJ 07310-1995 |
22.46%
|
RECORD
|
DISCIPLINED VALUE MID CAP
|
R6
|
CHARLES SCHWAB & CO INC
MUTUAL FUNDS DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
6.53%
|
RECORD
|
DISCIPLINED VALUE MID CAP
|
R6
|
NATIONAL FINANCIAL SERVICES LLC
499 WASHINGTON BLVD JERSEY CITY NJ 07310-1995 |
19.59%
|
RECORD
|
83 |
JH Fund Name
|
Share Class
|
Name and Address
|
Percentage Owned
|
Type of Ownership
|
DISCIPLINED VALUE MID CAP
|
R6
|
EDWARD D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER ROAD SAINT LOUIS MO 63131-3710 |
21.74%
|
RECORD
|
GLOBAL SHAREHOLDER YIELD
|
R6
|
EDWARD D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER ROAD SAINT LOUIS MO 63131-3710 |
95.76%
|
RECORD
|
INTERNATIONAL GROWTH
|
R6
|
EDWARD D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER ROAD SAINT LOUIS MO 63131-3710 |
67.55%
|
RECORD
|
MID CAP GROWTH
|
R6
|
JOHN HANCOCK LIFE INSURANCE
COMPANY OF NEW YORK ATTN: JHRPS TRADING OPS ST 6 200 BERKELEY ST BOSTON MA 02116-5022 |
6.09%
|
RECORD
|
MID CAP GROWTH
|
R6
|
JOHN HANCOCK LIFE INSURANCE
COMPANY (USA) ATTN: JHRPS TRADING OPS ST6 200 BERKELEY ST BOSTON MA 02116-5022 |
93.91%
|
RECORD
|
U.S. GROWTH
|
R6
|
EDWARD D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER ROAD SAINT LOUIS MO 63131-3710 |
41.55%
|
RECORD
|
U.S. GROWTH
|
R6
|
JOHN HANCOCK LIFE INSURANCE
COMPANY (USA) ATTN: JHRPS TRADING OPS ST6 200 BERKELEY ST BOSTON MA 02116-5022 |
52.00%
|
RECORD
|
DISCIPLINED VALUE
|
NAV
|
JHF II Multimanager Lifestyle Balanced
Portfolio 200 BERKLEY STREET BOSTON MA 02116-5030 |
18.14%
|
BENEFICIAL
|
DISCIPLINED VALUE
|
NAV
|
JHF II Multimanager Lifestyle Growth
Portfolio 200 BERKLEY STREET BOSTON MA 02116-5030 |
30.36%
|
BENEFICIAL
|
DISCIPLINED VALUE
|
NAV
|
JHF II Multimanager Lifestyle Aggressive
Portfolio 200 BERKLEY STREET BOSTON MA 02116-5030 |
13.08%
|
BENEFICIAL
|
DIVERSIFIED REAL ASSETS
|
NAV
|
JHF II Multimanager 2025 Lifetime
Portfolio 200 BERKLEY STREET BOSTON MA 02116-5030 |
6.97%
|
BENEFICIAL
|
84 |
JH Fund Name
|
Share Class
|
Name and Address
|
Percentage Owned
|
Type of Ownership
|
DIVERSIFIED REAL ASSETS
|
NAV
|
JHF II Multimanager 2030 Lifetime
Portfolio 200 BERKLEY STREET BOSTON MA 02116-5030 |
5.95%
|
BENEFICIAL
|
DIVERSIFIED REAL ASSETS
|
NAV
|
JHF II Multimanager Lifestyle Balanced
Portfolio 200 BERKLEY STREET BOSTON MA 02116-5030 |
22.42%
|
BENEFICIAL
|
DIVERSIFIED REAL ASSETS
|
NAV
|
JHF II Multimanager Lifestyle Growth
Portfolio 200 BERKLEY STREET BOSTON MA 02116-5030 |
32.93%
|
BENEFICIAL
|
DIVERSIFIED REAL ASSETS
|
NAV
|
JHF II Multimanager Lifestyle Aggressive
Portfolio 200 BERKLEY STREET BOSTON MA 02116-5030 |
14.64%
|
BENEFICIAL
|
GLOBAL SHAREHOLDER YIELD
|
NAV
|
-JHF II Multimanager Lifestyle Conservative
Portfolio 200 BERKLEY STREET BOSTON MA 02116-5030 |
13.68%
|
BENEFICIAL
|
GLOBAL SHAREHOLDER YIELD
|
NAV
|
JHF II Multimanager Lifestyle Moderate
Portfolio 200 BERKLEY STREET BOSTON MA 02116-5030 |
31.93%
|
BENEFICIAL
|
GLOBAL SHAREHOLDER YIELD
|
NAV
|
JHF II Multimanager Lifestyle Balanced
Portfolio 200 BERKLEY STREET BOSTON MA 02116-5030 |
44.95%
|
BENEFICIAL
|
GLOBAL SHAREHOLDER YIELD
|
NAV
|
JHF II Multimanager 2020 Lifetime
Portfolio 200 BERKLEY STREET BOSTON MA 02116-5030 |
5.16%
|
BENEFICIAL
|
INTERNATIONAL GROWTH
|
NAV
|
JHF II Multimanager Lifestyle Moderate
Portfolio 200 BERKLEY STREET BOSTON MA 02116-5030 |
5.45%
|
BENEFICIAL
|
INTERNATIONAL GROWTH
|
NAV
|
JHF II Multimanager Lifestyle Balanced
Portfolio 200 BERKLEY STREET BOSTON MA 02116-5030 |
18.45%
|
BENEFICIAL
|
INTERNATIONAL GROWTH
|
NAV
|
JHF II Multimanager Lifestyle Growth
Portfolio 200 BERKLEY STREET BOSTON MA 02116-5030 |
23.51%
|
BENEFICIAL
|
INTERNATIONAL GROWTH
|
NAV
|
JHF II Multimanager Lifestyle Aggressive
Portfolio 200 BERKLEY STREET BOSTON MA 02116-5030 |
11.52%
|
BENEFICIAL
|
INTERNATIONAL GROWTH
|
NAV
|
T ROWE PRICE SERVICES INC
ALASKA COLLEGE SAVINGS TRUST PORTFOLIO 100 E PRATT ST FL 7 BALTIMORE MD 21202-1013 |
6.00%
|
BENEFICIAL
|
85 |
JH Fund Name
|
Share Class
|
Name and Address
|
Percentage Owned
|
Type of Ownership
|
INTERNATIONAL GROWTH
|
NAV
|
T ROWE PRICE SERVICES INC
ALASKA COLLEGE SAVINGS TRUST PORTFOLIO 100 E PRATT ST FL 7 BALTIMORE MD 21202-1013 |
7.00%
|
BENEFICIAL
|
MID CAP GROWTH
|
NAV
|
JHF II Multimanager Lifestyle Balanced
Portfolio 200 BERKLEY STREET BOSTON MA 02116-5030 |
22.25%
|
BENEFICIAL
|
MID CAP GROWTH
|
NAV
|
JHF II Multimanager Lifestyle Growth
Portfolio 200 BERKLEY STREET BOSTON MA 02116-5030 |
32.75%
|
BENEFICIAL
|
MID CAP GROWTH
|
NAV
|
JHF II Multimanager Lifestyle Aggressive
Portfolio 200 BERKLEY STREET BOSTON MA 02116-5030 |
14.02%
|
BENEFICIAL
|
U.S. GROWTH FUND
|
NAV
|
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.)
201 TOWNSEND STREET, SUITE 900 LANSING MI 48933 |
100%
|
BENEFICIAL
|
INTERNATIONAL GROWTH
|
1
|
JOHN HANCOCK LIFE INSURANCE COMPANY OF
NEW YORK 100 SUMMIT LAKE DRIVE, SECOND FLOOR VALHALLA NY 10595 |
6.01%
|
BENEFICIAL
|
INTERNATIONAL GROWTH
|
1
|
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.)
201 TOWNSEND STREET, SUITE 900 LANSING MI 48933 |
93.99%
|
BENEFICIAL
|
86 |
Advisory Fee Paid in Fiscal Year Ended March 31,
|
|||
Funds
|
2022 ($)1
|
2021 ($)2
|
2020 ($)3
|
Disciplined Value Fund
|
|||
Gross Fees
|
81,241,268
|
79,338,621
|
95,928,949
|
Waivers
|
(1,162,104)
|
(893,888)
|
(1,083,401)
|
Net Fees
|
80,079,164
|
78,444,733
|
94,845,548
|
Disciplined Value Mid Cap Fund
|
|||
Gross Fees
|
138,729,469
|
91,467,137
|
92,523,645
|
Waivers
|
(1,781,451)
|
(970,317)
|
(963,849)
|
Net Fees
|
136,948,018
|
90,496,820
|
91,559,796
|
Diversified Real Assets Fund
|
|||
Gross Fees
|
9,890,539
|
6,976,898
|
8,120,785
|
87 |
Advisory Fee Paid in Fiscal Year Ended March 31,
|
|||
Funds
|
2022 ($)1
|
2021 ($)2
|
2020 ($)3
|
Waivers
|
(687,526)
|
(471,922)
|
(548,426)
|
Net Fees
|
9,203,013
|
6,504,976
|
7,572,359
|
Fundamental Equity Income4
|
|||
Gross Fees
|
–
|
–
|
–
|
Waivers
|
–
|
–
|
–
|
Net Fees
|
–
|
–
|
–
|
Global Shareholder Yield Fund
|
|||
Gross Fees
|
9,043,478
|
12,747,474
|
15,633,150
|
Waivers
|
(1,746,969)
|
(2,437,572)
|
(2,934,528)
|
Net Fees
|
7,296,509
|
10,309,902
|
12,698,622
|
International Growth Fund
|
|||
Gross Fees
|
107,485,680
|
85,920,852
|
75,673,527
|
Waivers
|
(1,213,051)
|
(803,497)
|
(692,400)
|
Net Fees
|
106,272,629
|
85,117,355
|
74,981,127
|
Mid Cap Growth
|
|||
Gross Fees
|
9,125,976
|
16,699,739
|
13,288,323
|
Waivers
|
(688,630)
|
(169,906)
|
(113,492)
|
Net Fees
|
8,437,346
|
16,529,833
|
13,174,831
|
Money Market Fund
|
|||
Gross Fees
|
3,523,703
|
3,192,292
|
2,504,367
|
Waivers
|
(3,523,703)
|
(3,192,292)
|
(49,868)
|
Net Fees
|
0
|
0
|
2,454,499
|
U.S. Growth Fund
|
|||
Gross Fees
|
7,531,999
|
7,069,141
|
5,251,115
|
Waivers
|
(124,022)
|
(95,219)
|
(68,527)
|
Net Fees
|
7,407,977
|
6,973,922
|
5,182,588
|
1 | For Mid Cap Growth Fund, fiscal period from September 1, 2021 to March 31, 2022. The fund commenced operations on October 18, 2021. The fiscal period ended March 31, 2022 includes the historical operating results of the predecessor fund for the period ended September 1 through October 15, 2021. |
2 | For Mid Cap Growth Fund, predecessor fund information for its fiscal year ended August 31, 2021. |
3 | For Mid Cap Growth Fund, predecessor fund information for its fiscal year ended August 31, 2020. |
4 | The fund commenced operations on June 24, 2022. |
88 |
Service Fee Paid in Fiscal Year Ended March 31,
|
|||
Fund
|
2022 ($)
|
2021 ($)
|
2020 ($)
|
Disciplined Value Fund
|
1,741,575
|
1,890,535
|
2,623,894
|
Disciplined Value Mid Cap Fund
|
2,682,665
|
2,054,900
|
2,353,497
|
Diversified Real Assets Fund
|
159,878
|
149,138
|
181,867
|
Fundamental Equity Income1
|
–
|
–
|
–
|
Global Shareholder Yield Fund
|
147,670
|
250,181
|
353,824
|
International Growth Fund
|
1,754,353
|
1,771,246
|
1,697,610
|
Mid Cap Growth
|
130,6522
|
289,2153
|
276,5604
|
Money Market Fund
|
137,868
|
166,738
|
128,905
|
U.S. Growth Fund
|
180,494
|
196,082
|
156,728
|
1 | The fund commenced operations on June 24, 2022. |
2 | Fiscal period from September 1, 2021 to March 31, 2022. The fund commenced operations on October 18, 2021. The fiscal period ended March 31, 2022 includes the historical operating results of the predecessor fund for the period ended September 1 through October 15, 2021. |
3 | Predecessor fund information for its fiscal year ended August 31, 2021. |
4 | Predecessor fund information for its fiscal year ended August 31, 2020. |
89 |
•
|
the Board;
|
•
|
with respect to any fund, a majority of the outstanding voting securities of such fund;
|
•
|
the Advisor; and
|
•
|
the applicable subadvisor.
|
90 |
Fiscal Period Ended March 31,
|
|||||||
Fund
|
Share Class
|
2022
($) |
2021
($) |
2020
($) |
|||
Amount Charged
|
Amount Retained
|
Amount Charged
|
Amount Retained
|
Amount Charged
|
Amount Retained
|
||
Disciplined Value Fund
|
Class A
|
1,167,952
|
191,907
|
535,292
|
81,584
|
879,024
|
139,049
|
Class C
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Disciplined Value Mid Cap Fund
|
Class A
|
1,228,595
|
186,791
|
719,014
|
112,581
|
997,601
|
156,664
|
Class C
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Fundamental Equity Income1
|
Class A
|
–
|
–
|
–
|
–
|
–
|
–
|
Class C
|
–
|
–
|
–
|
–
|
–
|
–
|
|
Global Shareholder Yield Fund
|
Class A
|
206,418
|
34,701
|
196,534
|
33,879
|
413,268
|
71,554
|
Class C
|
0
|
0
|
0
|
0
|
0
|
0
|
|
International Growth Fund
|
Class A
|
541,614
|
89,738
|
396,878
|
67,373
|
160,925
|
27,265
|
Class C
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Mid Cap Growth Fund
|
Class A
|
02
|
02
|
–3
|
–3
|
–4
|
–4
|
Class C
|
02
|
02
|
–3
|
–3
|
–4
|
–4
|
|
U.S. Growth Fund
|
Class A
|
254,436
|
41,250
|
312,967
|
50,754
|
427,513
|
69,709
|
91 |
Fiscal Period Ended March 31,
|
|||||||
Fund
|
Share Class
|
2022
($) |
2021
($) |
2020
($) |
|||
Class C
|
0
|
0
|
0
|
0
|
0
|
0
|
1 | The fund commenced operations on June 24, 2022. |
2 | Fiscal period from September 1, 2021 to March 31, 2022. The fund commenced operations on October 18, 2021. The fiscal period ended March 31, 2022 includes the historical operating results of the predecessor fund for the period ended September 1 through October 15, 2021. |
3 | Predecessor fund information for its fiscal year ended August 31, 2021. |
4 | Predecessor fund information for its fiscal year ended August 31, 2020. |
Share Class
|
Rule 12b-1 Fee (%)
|
Class A (Global Shareholder Yield Fund and International Growth Fund)
|
0.30
|
Class A1,2 (Disciplined Value Fund, Disciplined Value Mid Cap Fund, Fundamental Equity Income Fund, Mid Cap Growth Fund, Money Market Fund, and U.S. Growth Fund)
|
0.25
|
Class C2
|
1.00
|
Class R2
|
0.25
|
Class R43
|
0.25
|
Class R5
|
0.00
|
Class 1
|
0.05
|
1 | Although Class A shares of Disciplined Value Fund and Disciplined Value Mid Cap Fund currently pay distribution and service fees at an aggregate annual rate of up to 0.25%, the Board has approved the payment by these funds’ Class A shares of distribution and service fees of up to 0.30%, or some lesser amount as the Board shall approve from time to time. |
2 | The Distributor has contractually agreed to limit the Rule 12b-1 distribution and service fees for Class A and Class C shares of Money Market Fund to 0.00% until July 31, 2023. |
3 | The Distributor has contractually agreed to limit the Rule 12b-1 distribution and service fees for Class R4 shares of the Disciplined Value Fund, Disciplined Value Mid Cap Fund, International Growth Fund, and U.S. Growth Fund to 0.15% until July 31, 2023. |
92 |
Portfolio
|
Share Class
|
Rule 12b-1 Service Fee Payments ($)
|
Rule 12b-1 Distribution Fee Payments ($)
|
Disciplined Value Fund
|
Class A
|
2,819,288
|
0
|
Class C
|
315,802
|
947,408
|
|
Class R2
|
125,635
|
0
|
|
Class R4
|
154,538
|
0
|
|
Disciplined Value Mid Cap Fund
|
Class A
|
3,463,340
|
0
|
Class C
|
194,431
|
583,292
|
|
Class R2
|
265,217
|
0
|
|
Class R4
|
343,230
|
0
|
|
Fundamental Equity Income Fund1
|
Class A
|
–
|
–
|
Class C
|
–
|
–
|
|
Global Shareholder Yield Fund
|
Class A
|
813,037
|
162,607
|
Class C
|
62,967
|
188,902
|
|
Class R2
|
1,632
|
0
|
|
International Growth Fund
|
Class A
|
1,804,402
|
360,881
|
Class C
|
538,367
|
1,615,102
|
|
Class 1
|
41,558
|
0
|
|
Class R2
|
118,896
|
0
|
|
Class R4
|
124,621
|
0
|
|
Mid Cap Growth Fund2
|
Class A
|
1,984
|
0
|
Class C
|
108
|
62
|
|
U.S. Growth Fund
|
Class A
|
1,762,938
|
0
|
Class C
|
87,553
|
262,659
|
|
Class R2
|
3,895
|
0
|
93 |
Portfolio
|
Share Class
|
Rule 12b-1 Service Fee Payments ($)
|
Rule 12b-1 Distribution Fee Payments ($)
|
Class R4
|
11
|
0
|
1 | The fund commenced operations on June 24, 2022. |
2 | Period from October 18, 2021 (commencement of operations) to March 31, 2022. |
Fund
|
Share Class
|
Unreimbursed Expenses
($) |
Unreimbursed Expenses as a Percent of the Share Class Net Assets
(%) |
Money Market Fund
|
Class C
|
3,517,418
|
30
|
94 |
Business Partner Firms
|
Advisor Group-FSC Securities Corporation
|
Advisor Group-Royal Alliance Associates, Inc.
|
Advisor Group-Sagepoint Financial, Inc.
|
Advisor Group-Woodbury Financial Services
|
Advisor Group-Securities America, Inc.
|
Advisor Group-Triad Advisors, LLC.
|
Ameriprise Financial Services, Inc.
|
Avantax Wealth Management
|
Banc of America/Merrill Lynch
|
BOK Financial Securities, Inc.
|
Centaurus Financial, Inc.
|
Cetera - Advisor Network LLC
|
Cetera - Advisors LLC
|
Cetera - Financial Institutions
|
Cetera - Financial Specialists, Inc.
|
Cetera - First Allied Securities, Inc.
|
Cetera - Summit Brokerage Services, Inc.
|
Charles Schwab
|
Commonwealth Financial Network
|
Business Partner Firms
|
Concourse Financial Group Securities
|
Crown Capital Securities L.P.
|
DA Davidson & Co Inc.
|
Edward D. Jones & Co. LP
|
Fidelity - Fidelity Brokerage Services LLC
|
Fidelity - Fidelity Investments Institutional Operations Company, Inc.
|
Fidelity - National Financial Services LLC
|
Fifth Third Securities, Inc.
|
First Command Financial Planning
|
95 |
Business Partner Firms
|
First Horizon Advisors
|
Geneos Wealth Management
|
GWFS Equities, Inc.
|
Independent Financial Group
|
Infinex Investments Inc.
|
J.P. Morgan Securities LLC
|
Key Investment Services
|
Leumi Investment Services, Inc.
|
LPL Financial LLC
|
MML Investor Services, Inc.
|
Money Concepts Capital Corp.
|
Morgan Stanley Wealth Management, LLC
|
Northwestern Mutual Investment Services, LLC
|
Business Partner Firms
|
Principal Securities, Inc.
|
Raymond James and Associates, Inc.
|
Raymond James Financial Services, Inc.
|
RBC Capital Markets Corporation
|
Robert W. Baird & Co.
|
Stifel, Nicolaus, & Co, Inc.
|
TD Ameritrade
|
The Investment Center, Inc.
|
Transamerica Financial Advisors, Inc.
|
UBS Financial Services, Inc.
|
Unionbanc Investment Services
|
Wells Fargo Advisors
|
96 |
First Year Broker or Other Selling Firm Compensation
|
||||
Investor pays sales charge (% of offering price)1
|
Selling Firm receives commission2
|
Selling Firm receives Rule 12b-1 service fee
|
Total Selling Firm compensation3,4
|
|
Class A investments (all funds except Money Market Fund)5
|
||||
Up to $49,999
|
5.00%
|
4.25%
|
0.25%
|
4.50%
|
$50,000 - $99,999
|
4.50%
|
3.75%
|
0.25%
|
4.00%
|
$100,000 - $249,999
|
3.50%
|
2.85%
|
0.25%
|
3.10%
|
$250,000 - $499,999
|
2.50%
|
2.10%
|
0.25%
|
2.35%
|
$500,000 - $999,999
|
2.00%
|
1.60%
|
0.25%
|
1.85%
|
Class A investments (Money Market Fund)
All amounts |
—
|
0.00%
|
0.00%
|
0.00%
|
Class A investments of $1 million or more (all funds except Money Market Fund)6
|
||||
First $1M - $4,999,999
|
—
|
0.75%
|
0.25%
|
1.00%
|
Next $1 - $5M above that
|
—
|
0.25%
|
0.25%
|
0.50%
|
Next $1 or more above that
|
—
|
0.00%
|
0.25%
|
0.25%
|
Class C investments (all funds except Money Market Fund)7
All Amounts |
—
|
0.75%
|
0.25%
|
1.00%
|
Class C investments (Money Market Fund)7
All Amounts |
—
|
0.75%
|
0.00%
|
0.75%
|
Class R2 investments5
All Amounts |
—
|
0.00%
|
0.25%
|
0.25%
|
Class R4 investments5
All Amounts |
—
|
0.00%
|
0.15%
|
0.15%
|
97 |
First Year Broker or Other Selling Firm Compensation
|
||||
Investor pays sales charge (% of offering price)1
|
Selling Firm receives commission2
|
Selling Firm receives Rule 12b-1 service fee
|
Total Selling Firm compensation3,4
|
|
Class R5 investments
All Amounts |
—
|
0.00%
|
0.00%
|
0.00%
|
Class R6 investments
All Amounts |
—
|
0.00%
|
0.00%
|
0.00%
|
Class I investments8
All Amounts |
—
|
0.00%
|
0.00%
|
0.00%
|
Class 1 investments
All Amounts |
—
|
0.00%
|
0.05%
|
0.05%
|
Class NAV investments
All Amounts |
0.00%
|
0.00%
|
0.00%
|
0.00%
|
1 | See “Sales Charges on Class A and Class C Shares” for discussion on how to qualify for a reduced sales charge. The Distributor may take recent redemptions into account in determining if an investment qualifies as a new investment. |
2 | For Class A investments under $1 million, a portion of the Selling Firm’s commission is paid out of the front-end sales charge. |
3 | Selling Firm commission, Rule 12b-1 service fee, and any underwriter fee percentages are calculated from different amounts, and therefore may not equal the total Selling Firm compensation percentages due to rounding, when combined using simple addition. |
4 | The Distributor retains the balance. |
5 | For purchases of Class A, Class R2, and Class R4 shares, beginning with the first year an investment is made, the Selling Firm receives an annual Rule 12b-1 service fee paid monthly in arrears. See “Distribution Agreements” for a description of Class A, Class R2, and Class R4 Service Plan charges and payments. |
6 | Certain retirement platforms may invest in Class A shares without being subject to sales charges. Purchases via these platforms may pay a commission from the first dollar invested. Additionally, commissions (up to 1.00%) are paid to dealers who initiate and are responsible for certain Class A share purchases not subject to sales charges. In both cases, the Selling Firm receives Rule 12b-1 fees in the first year as a percentage of the amount invested. After the first year, the Selling Firm receives Rule 12b-1 fees as a percentage of average daily net eligible assets paid monthly in arrears. |
7 | For Class C shares, the Selling Firm receives Rule 12b-1 fees in the first year as a percentage of the amount invested. After the first year, the Selling Firm receives Rule 12b-1 fees as a percentage of average daily net eligible assets paid monthly in arrears. |
8 | The Distributor may make a one-time payment at time of initial purchase out of its own resources to a Selling Firm that sells Class I shares of the funds. This payment may be up to 0.15% of the amount invested. |
98 |
99 |
•
|
redeeming shares in kind;
|
•
|
selling portfolio instruments prior to maturity to realize capital gains or losses or to shorten the average portfolio maturity of the fund;
|
•
|
withholding or reducing dividends;
|
•
|
utilizing a NAV based on available market quotations; or
|
•
|
investing all cash in instruments with a maturity on the next business day.
|
100 |
Entity Receiving Portfolio Information
|
Disclosure Purpose
|
Abel Noser (f.k.a.Trade Informatics), (f.k.a. SJ Levinson)
|
Trade Execution Analysis
|
Accenture
|
Operational Functions
|
Bloomberg L.P.
|
Order Management & Fixed Income Attribution & Master Data Management / Pricing / Portfolio Analysis / Reporting Agency
|
Broadridge Financial Solutions
|
Proxy Voting, Software Vendor
|
Brown Brothers Harriman & Co.
|
Reconciliation / Corporate Actions / Operational Functions Securities Lending
|
Capital Institutional Services (CAPIS)
|
Broker Dealer / Transition Services / Commission Recapture
|
Entity Receiving Portfolio Information
|
Disclosure Purpose
|
Charles River
|
Trading
|
Citibank
|
Securities Lending
|
Confluence Technologies
|
Consulting
|
DataLend
|
Securities Lending Analytics
|
DG3
|
Financial Reporting, Type Setting
|
Donnelley Financial Solutions
|
Financial Reporting
|
DUCO
|
Reconciliation services
|
Dynamo Software
|
Fair Value and Private Transactions Support
|
Electra Information Systems
|
Reconciliation
|
Ernst & Young
|
Tax Reporting
|
ETF Global
|
Holdings Analytics
|
FactSet
|
Risk Management / Attribution / Portfolio Analysis tool / Performance
|
Foley Hoag
|
Foreign Currency Trade Review
|
FX Transparency
|
FX Trade Execution Analysis / Transactions
|
GainsKeeper
|
Wash Sales / REIT Data
|
Glass Lewis
|
Proxy Voting
|
Institutional Shareholder Services (ISS)
|
Proxy Voting Service / Class Action Services
|
Interactive Data
|
Pricing
|
JPMorgan Chase
|
Derivative Broker
|
Law Firm of Davis and Harman
|
Development of Revenue Ruling
|
Lipper
|
Ratings / Survey Service
|
Markit
|
Service Provider- Electronic Data Management / Operational Functions
|
Milestone
|
Service Provider-Valuation Oversight
|
Morningstar, Inc.
|
Ratings/Surveys Service
|
MSCI Inc.
|
Analytics
|
101 |
Entity Receiving Portfolio Information
|
Disclosure Purpose
|
Northern Trust Co.
|
Service Provider / Back Office Functions
|
PricewaterhouseCoopers LLP
|
Audit
|
RSM US LLP
|
Consulting
|
Russell Implementation Services
|
Transition Services
|
SunGard
|
Securities Lending Analytics
|
SS&C Advent
|
Cash & Securities Reconciliation
|
SS&C Sylvan
|
Performance
|
Star Compliance
|
Transactions
|
State Street
|
Derivative Broker / Service Provider-IBOR / Operational Functions
|
SWIFT
|
Accounting & Custody Messaging
|
Virtu Analytics, LLC
|
Trade Execution Analysis
|
Wolters Kluwer
|
Tax / Audit
|
102 |
•
|
A Trustee or officer of the Trust; a director or officer of the Advisor and its affiliates, subadvisors or Selling Firms; employees or sales representatives of any of the foregoing; retired officers, employees or directors of any of the foregoing; a member of the immediate family (spouse, child, grandparent, grandchild, parent, sibling, mother-in-law, father-in-law, daughter-in-law, son-in-law, brother-in-law, sister-in-law, niece, nephew and
same sex domestic partner; “Immediate Family”) of any of the foregoing; or any fund, pension, profit sharing or other benefit plan for the individuals described above.
|
•
|
A broker, dealer, financial planner, consultant or registered investment advisor that uses fund shares in certain eligible retirement platforms, fee-based investment products or services made available to their clients.
|
•
|
Financial intermediaries who offer shares to self-directed investment brokerage accounts that may or may not be charged a transaction fee. Also, see Appendix 1 to the Prospectus, “Intermediary sales charge waivers,” for more information regarding the availability of sales charge waivers through particular intermediaries.
|
•
|
Individuals transferring assets held in a SIMPLE IRA, SEP, or SARSEP invested in John Hancock funds directly to an IRA.
|
•
|
Individuals converting assets held in an IRA, SIMPLE IRA, SEP, or SARSEP invested in John Hancock funds directly to a Roth IRA.
|
•
|
Individuals recharacterizing assets from an IRA, Roth IRA, SEP, SARSEP or SIMPLE IRA invested in John Hancock funds back to the original account type from which it was converted.
|
•
|
Terminating participants in a pension, profit sharing or other plan qualified under Section 401(a) of the Code, or described in Section 457(b) of the Code, (i) that is funded by certain John Hancock group annuity contracts, (ii) for which John Hancock Trust Company serves as trustee or custodian, or (iii) the trustee or custodian of which has retained RPS as a service provider, rolling over assets (directly or within 60 days after distribution) from such a plan (or from a John Hancock Managed IRA or John Hancock Annuities IRA into which such assets have already been rolled over) to a John Hancock custodial IRA or John Hancock custodial Roth IRA that invests in John Hancock funds, or the subsequent establishment of or any rollover into a new John Hancock fund account by such terminating participants and/or their Immediate Family (as defined above), including subsequent investments into such accounts and which are held directly at John Hancock funds or at the PFS Financial Center.
|
•
|
Participants in a terminating pension, profit sharing or other plan qualified under Section 401(a) of the Code, or described in Section 457(b) of the Code (the assets of which, immediately prior to such plan’s termination, were (a) held in certain John Hancock group annuity contracts, (b) in trust or custody by John Hancock Trust Company, or (c) by a trustee or custodian which has retained John Hancock RPS as a service provider, but have been transferred from such contracts or trust funds and are held either: (i) in trust by a distribution processing organization; or (ii) in a custodial IRA or custodial Roth IRA sponsored by an authorized third party trust company and made available through John Hancock), rolling over assets (directly or within 60 days after distribution) from such a plan to a John Hancock custodial IRA or John Hancock custodial Roth IRA that invests in John Hancock funds, or the subsequent establishment of or any rollover into a new John Hancock fund account by such participants and/or their Immediate Family (as defined above), including subsequent investments into such accounts and which are held directly at John Hancock funds or at the PFS Financial Center.
|
•
|
Participants actively enrolled in a John Hancock RPS plan account rolling over or transferring assets into a new John Hancock custodial IRA or John Hancock custodial Roth IRA that invests in John Hancock funds through John Hancock PFS (to the extent such assets are otherwise prohibited from rolling over or transferring into the John Hancock RPS plan account), including subsequent investments into such accounts and which are held directly at John Hancock funds or at the John Hancock PFS Financial Center.
|
103 |
•
|
Individuals rolling over assets held in a John Hancock custodial 403(b)(7) account into a John Hancock custodial IRA account.
|
•
|
Individuals exchanging shares held in an eligible fee-based program for Class A Shares, provided however, subsequent purchases in Class A Shares will be subject to applicable sales charges.
|
•
|
Former employees/associates of John Hancock, its affiliates or agencies rolling over (directly or indirectly within 60 days after distribution) to a new John Hancock custodial IRA or John Hancock custodial Roth IRA from the John Hancock Employee Investment-Incentive Plan (TIP), John Hancock Savings Investment Plan (SIP) or the John Hancock Pension Plan and such participants and their Immediate Family (as defined above) subsequently establishing or rolling over assets into a new John Hancock account through John Hancock PFS, including subsequent investments into such accounts and which are held directly at John Hancock funds or at the John Hancock PFS Financial Center.
|
•
|
Participants in group retirement plans that are eligible and permitted to purchase Class A shares. This waiver is contingent upon the group retirement plan being in a recordkeeping arrangement and does not apply to group retirement plans transacting business with a fund through a brokerage relationship in which sales charges are customarily imposed. In addition, this waiver does not apply to a group retirement plan that leaves its current recordkeeping arrangement and subsequently transacts business with the fund through a brokerage relationship in which sales charges are customarily imposed. Whether a sales charge waiver is available to your group retirement plan through its record keeper depends upon the policies and procedures of your intermediary. Please consult your financial professional for further information.
|
•
|
Investors who acquired their Class A shares as a result of the reorganization of FMA Small Company Portfolio, Rainier Large Cap Growth Equity Portfolio, or Robeco Boston Partners Large Cap Value Fund, as applicable, may make additional purchases without a sales charge to their accounts that have continuously held fund shares since the date of the applicable reorganization. An investor purchasing fund shares through a financial institution may no longer be eligible to purchase fund shares at NAV if the nature of the investor’s relationship with and/or the services it receives from the financial institution changes. In such cases, such investors may be required to hold their fund shares directly through Signature Services, the fund’s transfer agent, in order to maintain the privilege with respect to future purchases. An investor should consult with his or her financial professional for further details.
|
•
|
A member of a class action lawsuit against insurance companies who is investing settlement proceeds.
|
•
|
Retirement plans investing through the PruSolutionSM program.
|
•
|
his or her own individual or their joint account;
|
•
|
his or her trust account of which one of the above persons is the grantor or the beneficial owner;
|
•
|
a Uniform Gift/Transfer to Minor Account or Coverdell Education Savings Account (“ESA”) in which one of the above persons is the custodian or beneficiary;
|
•
|
a single participant retirement/benefit plan account, as long as it is established solely for the benefit of the individual account owner;
|
•
|
an IRA, including traditional IRAs, Roth IRAs, and SEP IRAs; and
|
•
|
his or her sole proprietorship.
|
104 |
105 |
•
|
Redemptions of Class A shares made after one year from the inception date of a retirement plan at John Hancock.
|
•
|
Redemptions of Class A shares by retirement plans that invested through the PruSolutionsSM program.
|
•
|
Redemptions made pursuant to a fund’s right to liquidate an account if the investor owns shares worth less than the stated account minimum in the section “Small accounts” in the Prospectus.
|
•
|
Redemptions made under certain liquidation, merger or acquisition transactions involving other investment companies or personal holding companies.
|
•
|
Redemptions due to death or disability. (Does not apply to trust accounts unless trust is being dissolved.)
|
•
|
Redemptions made under the Reinstatement Privilege, as described in “Sales Charge Reductions and Waivers” in the Prospectus.
|
•
|
Redemption of Class C shares made under a systematic withdrawal plan or redemptions for fees charged by planners or advisors for advisory services, as long as the shareholder’s annual redemptions do not exceed 12% of the account value, including reinvested dividends, at the time the systematic withdrawal plan was established and 12% of the value of subsequent investments (less redemptions) in that account at the time Signature Services is notified. (Please note that this waiver does not apply to systematic withdrawal plan redemptions of Class A shares that are subject to a CDSC).
|
•
|
Rollovers, contract exchanges or transfers of John Hancock custodial 403(b)(7) account assets required by Signature Services as a result of its decision to discontinue maintaining and administering 403(b)(7) accounts.
|
•
|
Redemptions made to effect mandatory or life expectancy distributions under the Code. (Waiver based on required minimum distribution calculations for John Hancock mutual fund IRA assets only.)
|
•
|
Returns of excess contributions made to these plans.
|
•
|
Redemptions made to effect certain distributions, as outlined in the following table, to participants or beneficiaries from employer sponsored
retirement plans under sections 401(a) (such as Money Purchase Pension Plans and Profit-Sharing Plan/401(k) Plans), 403(b), 457 and 408 (SEPs and SIMPLE IRAs) of the Code.
|
Type of Distribution
|
401(a) Plan (401(k), MPP, PSP) & 457
|
403(b)
|
Roth IRA & Coverdell ESA
|
IRA, SEP IRA & Simple IRA
|
Non-retirement
|
Death or Disability
|
Waived
|
Waived
|
Waived
|
Waived
|
Waived
|
Over 70½ (or 72, in the case of individuals for whom the minimum distribution requirements begin at age 72)
|
Waived
|
Waived
|
Waived1
|
Waived1
|
12% of account value annually in periodic payments
|
Between 59½ and 70½ (or 72, in the case of individuals for whom the minimum distribution requirements begin at age 72)
|
Waived
|
Waived
|
12% of account value annually in periodic payments
|
Waived for Life Expectancy or 12% of account value annually in periodic payments
|
12% of account value annually in periodic payments
|
Under 59½ (Class C only)
|
Waived for annuity payments (72t2) or 12% of account value annually in periodic payments
|
Waived for annuity payments (72t) or 12% of account value annually in periodic payments
|
12% of account value annually in periodic payments
|
Waived for annuity payments (72t) or 12% of account value annually in periodic payments
|
12% of account value annually in periodic payments
|
Termination of Plan
|
Not Waived
|
Waived
|
N/A
|
N/A
|
N/A
|
Hardships
|
Waived
|
Waived
|
N/A
|
N/A
|
N/A
|
Qualified Domestic Relations Orders
|
Waived
|
Waived
|
N/A
|
N/A
|
N/A
|
Termination of Employment Before Normal Retirement Age
|
Waived
|
Waived
|
N/A
|
N/A
|
N/A
|
106 |
Type of Distribution
|
401(a) Plan (401(k), MPP, PSP) & 457
|
403(b)
|
Roth IRA & Coverdell ESA
|
IRA, SEP IRA & Simple IRA
|
Non-retirement
|
Return of Excess
|
Waived
|
Waived
|
Waived
|
Waived
|
N/A
|
1 | External direct rollovers and transfer of assets are excluded. |
2 | Refers to withdrawals from retirement accounts under Section 72(t) of the Code. |
•
|
the distribution is effected through a pro rata distribution of securities of the distributing fund or affiliated fund;
|
•
|
the distributed securities are valued in the same manner as they are in computing the fund’s or affiliated fund’s NAV;
|
•
|
neither the affiliated shareholder nor any other party with the ability and the pecuniary incentive to influence the redemption in kind may select or influence the selection of the distributed securities; and
|
•
|
the Board, including a majority of the Independent Trustees, must determine on a quarterly basis that any redemptions in kind to affiliated shareholders made during the prior quarter were effected in accordance with the Procedures, did not favor the affiliated shareholder to the detriment of any other shareholder and were in the best interests of the fund and the affiliated fund.
|
107 |
•
|
The investments will be drawn on or about the day of the month indicated;
|
•
|
The privilege of making investments through the MAAP may be revoked by Signature Services without prior notice if any investment is not honored by the shareholder’s bank. The bank shall be under no obligation to notify the shareholder as to the nonpayment of any checks; and
|
•
|
The program may be discontinued by the shareholder either by calling Signature Services or upon written notice to Signature Services that is received at least five (5) business days prior to the due date of any investment.
|
108 |
1 | The funds do not accept requests to establish new John Hancock custodial 403(b)(7) accounts intended to qualify as a Section 403(b) Plan. |
2 | The funds do not accept requests for exchanges or transfers into John Hancock custodial 403(b)(7) accounts (i.e., where the investor holds the replacing account). |
3 | The funds require certain signed disclosure documentation in the event: |
○
|
A shareholder established a John Hancock custodial 403(b)(7) account with a fund prior to September 24, 2007; and
|
○
|
A shareholder directs the fund to exchange or transfer some or all of the John Hancock custodial 403(b)(7) account assets to another custodial 403(b) contract or account (i.e., where the exchanged account is with the fund).
|
4 | The funds do not accept salary deferrals into custodial 403(b)(7) accounts. |
109 |
110 |
Fund
|
NAV and Redemption Price per Class A Share
($) |
Maximum Sales Charge (5.00% of offering price, unless otherwise noted)
($) |
Maximum Offering Price to Public
($) |
Disciplined Value Fund
|
24.55
|
1.29
|
25.84
|
Disciplined Value Mid Cap Fund
|
26.25
|
1.38
|
27.63
|
Diversified Real Assets
|
–
|
–
|
–
|
Fundamental Equity Income Fund1
|
–
|
–
|
–
|
Global Shareholder Yield Fund
|
11.64
|
0.61
|
12.25
|
International Growth Fund
|
29.99
|
1.58
|
31.57
|
Mid Cap Growth Fund
|
17.26
|
0.91
|
18.17
|
Money Market Fund
|
1.00
|
0.00
|
1.00
|
U.S. Growth Fund
|
22.99
|
1.21
|
24.20
|
1 | The fund commenced operations on June 24, 2022. |
NAV, Shares Offering Price and Redemption Price per Share
|
||
Fund
|
Class C
($) |
|
Disciplined Value Fund
|
22.62
|
|
Disciplined Value Mid Cap Fund
|
26.14
|
|
Diversified Real Assets
|
–
|
|
Fundamental Equity Income Fund1
|
–
|
|
Global Shareholder Yield Fund
|
11.67
|
|
International Growth Fund
|
28.91
|
|
Mid Cap Growth Fund
|
17.21
|
|
Money Market Fund
|
1.00
|
|
U.S. Growth Fund
|
21.84
|
111 |
1 | The fund commenced operations on June 24, 2022. |
Net Asset Value, Offering Price, and Redemption Price per Share
|
|||||||
Fund
|
Class
I ($) |
Class
R2 ($) |
Class
R4 ($) |
Class
R5 ($) |
Class
R6 ($) |
Class NAV ($)
|
Class
1 ($) |
Disciplined Value Fund
|
23.57
|
23.53
|
23.58
|
23.63
|
23.62
|
23.63
|
–
|
Disciplined Value Mid Cap Fund
|
27.55
|
27.41
|
27.51
|
–
|
27.54
|
–
|
–
|
Diversified Real Assets
|
–
|
–
|
–
|
–
|
–
|
13.28
|
–
|
Fundamental Equity Income Fund1
|
–
|
–
|
–
|
–
|
–
|
–
|
–
|
Global Shareholder Yield Fund
|
11.69
|
11.71
|
–
|
–
|
11.67
|
11.68
|
–
|
International Growth Fund
|
30.09
|
30.00
|
30.08
|
–
|
30.13
|
30.08
|
30.08
|
Mid Cap Growth Fund
|
17.28
|
–
|
–
|
–
|
17.29
|
17.29
|
–
|
Money Market Fund
|
–
|
–
|
–
|
–
|
–
|
–
|
–
|
U.S. Growth Fund
|
23.35
|
23.16
|
23.36
|
–
|
23.45
|
23.45
|
–
|
1 | The fund commenced operations on June 24, 2022. |
(a) derive at least 90% of its gross income from dividends, interest, payments with respect to certain securities loans, and gains from the sale or other disposition of stock, securities, and foreign currencies, or other income (including but not limited to gains from options, futures, or forward contracts) derived with respect to its business of investing in such stock, securities, or currencies, and net income derived from interests in qualified publicly traded partnerships (as defined below);
|
(b) distribute with respect to each taxable year at least the sum of 90% of its investment company taxable income (as that term is defined in the Code without regard to the deduction for dividends paid-generally, taxable ordinary income and the excess, if any, of net short-term capital gains over net long-term capital losses) and 90% of net tax-exempt interest income, for such year; and
|
(c) diversify its holdings so that, at the end of each quarter of the fund’s taxable year: (i) at least 50% of the market value of the fund’s total assets is represented by cash and cash items, U.S. government securities, securities of other RICs, and other securities limited in respect of any one issuer to a value not greater than 5% of the value of the fund’s total assets and not more than 10% of the outstanding voting securities of such issuer; and (ii) not more than 25% of the value of the fund’s total assets is invested (x) in the securities (other than those of the U.S. government or other RICs) of any one issuer or of two or more issuers that the fund controls and that are engaged in the same, similar, or related trades or businesses, or (y) in the securities of one or more qualified publicly traded partnerships (as defined below).
|
112 |
113 |
114 |
115 |
116 |
117 |
•
|
price, dealer spread or commission, if any;
|
•
|
the reliability, integrity and financial condition of the broker dealer;
|
•
|
size of the transaction;
|
•
|
difficulty of execution;
|
•
|
brokerage and research services provided (unless prohibited by applicable law); and
|
•
|
confidentiality and anonymity.
|
Fund
|
Regular Broker Dealer
|
Holdings ($000s)
|
Disciplined Value Fund
|
Bank of America Corp.
|
218,329
|
JPMorgan Chase & Co.
|
339,933
|
|
State Street Corp.
|
139,580
|
118 |
Fund
|
Regular Broker Dealer
|
Holdings ($000s)
|
The Goldman Sachs Group, Inc.
|
140,908
|
|
Disciplined Value Mid Cap Fund
|
State Street Corp.
|
499,305
|
Diversified Real Assets Fund
|
The Goldman Sachs Group, Inc.
|
5,700
|
Fundamental Equity Income Fund1
|
–
|
–
|
Global Shareholder Yield Fund
|
JPMorgan Chase & Co.
|
9,138
|
Royal Bank of Canada
|
13,323
|
|
International Growth Fund
|
Bank of America Corp.
|
119,300
|
Royal Bank of Canada
|
177,352
|
|
Societe Generale SA
|
191,600
|
|
UBS Group AG
|
133,486
|
|
Mid Cap Growth Fund
|
State Street Corp.
|
37,146
|
Money Market Fund
|
Barclays Bank PLC
|
33,000
|
U.S. Growth Fund
|
State Street Corp.
|
1,212
|
1 | The fund commenced operations on June 24, 2022. |
•
|
the value of securities;
|
•
|
the advisability of purchasing or selling securities;
|
•
|
the availability of securities or purchasers or sellers of securities; and
|
•
|
analyses and reports concerning: (a) issuers; (b) industries; (c) securities; (d) economic, political and legal factors and trends; and (e) portfolio strategy.
|
119 |
Total Commissions Paid in Fiscal Period Ended March 31,
|
|||
Fund
|
2022 ($)
|
2021 ($)
|
2020 ($)
|
Disciplined Value
|
4,084,492
|
6,516,833
|
12,095,316
|
Disciplined Value Mid Cap
|
4,874,940
|
5,444,032
|
5,712,714
|
Diversified Real Assets Fund
|
699,593
|
841,263
|
731,897
|
Fundamental Equity Income Fund1
|
–
|
_
|
_
|
Global Shareholder Yield Fund
|
305,609
|
421,341
|
490,699
|
International Growth Fund
|
9,557,841
|
8,671,784
|
9,505,851
|
Mid Cap Growth Fund
|
473,4062
|
897,4433
|
1,057,1474
|
Money Market Fund
|
0
|
0
|
0
|
U.S. Growth Fund
|
424,554
|
368,065
|
320,452
|
1 | The fund commenced operations on June 24, 2022. |
2 | Fiscal period from September 1, 2021 to March 31, 2022. The fund commenced operations on October 18, 2021. The fiscal period ended March 31, 2022 includes the historical operating results of the predecessor fund for the period ended September 1 through October 15, 2021. |
3 | Predecessor fund information for its fiscal year ended August 31, 2021. |
4 | Predecessor fund information for its fiscal year ended August 31, 2020. |
120 |
121 |
122 |
123 |
124 |
125 |
126 |
127 |
128 |
•
|
Amortization schedule – the larger the final maturity relative to other maturities, the more likely it will be treated as a note; and
|
•
|
Source of payment – the more dependent the issue is on the market for its refinancing, the more likely it will be treated as a note.
|
129 |
Fund
|
Portfolio Managers
|
Disciplined Value Fund
|
David T. Cohen, CFA, Mark E. Donovan, CFA, Stephanie McGirr, David J. Pyle, CFA, and Joshua White, CFA
|
Disciplined Value Mid Cap Fund
|
Joseph F. Feeney, Jr. CFA and Steven L. Pollack, CFA
|
Other Registered Investment Companies
|
Other Pooled Investment Vehicles
|
Other Accounts
|
||||
Portfolio Manager
|
Number of Accounts
|
Assets (in millions)
|
Number of Accounts
|
Assets (in millions)
|
Number of Accounts
|
Assets (in millions)
|
David T. Cohen
|
4
|
$13,750
|
2
|
$2,623
|
199
|
$15,173
|
Mark E. Donovan
|
4
|
$13,750
|
2
|
$2,623
|
199
|
$15,173
|
Joseph F. Feeney, Jr.
|
7
|
$25,647
|
1
|
$882
|
43
|
$5,330
|
Stephanie McGirr
|
4
|
$13,750
|
2
|
$2,623
|
199
|
$15,173
|
Steven L. Pollack
|
5
|
$24,767
|
1
|
$882
|
43
|
$5,330
|
David J. Pyle
|
4
|
$13,750
|
2
|
$2,623
|
199
|
$15,173
|
Joshua White
|
4
|
$13,750
|
2
|
$2,623
|
199
|
$15,173
|
Other Registered Investment Companies
|
Other Pooled Investment Vehicles
|
Other Accounts
|
||||
Portfolio Manager
|
Number of Accounts
|
Assets (in millions)
|
Number of Accounts
|
Assets (in millions)
|
Number of Accounts
|
Assets (in millions)
|
David T. Cohen
|
0
|
$0
|
0
|
$0
|
4
|
$1,007
|
Mark E. Donovan
|
0
|
$0
|
0
|
$0
|
4
|
$1,007
|
Joseph F. Feeney, Jr.
|
0
|
$0
|
0
|
$0
|
1
|
$29
|
Stephanie McGirr
|
0
|
$0
|
0
|
$0
|
4
|
$1,007
|
Steven L. Pollack
|
0
|
$0
|
0
|
$0
|
1
|
$29
|
David J. Pyle
|
0
|
$0
|
0
|
$0
|
4
|
$1,007
|
Joshua White
|
0
|
$0
|
0
|
$0
|
4
|
$1,007
|
130 |
Name
|
Dollar Range of Shares Owned
|
Disciplined Value Fund1
|
|
David T. Cohen
|
$100.001 - $500,000
|
Mark E. Donovan
|
Over $1,000,000
|
Stephanie McGirr
|
$100.001 - $500,000
|
David J. Pyle
|
Over $1,000,000
|
Joshua White
|
$500,001 - $1,000,000
|
Disciplined Value Mid Cap Fund2
|
|
Joseph F. Feeney, Jr
|
$100.001 - $500,000
|
Steven L. Pollack
|
$500,001 - $1,000,000
|
1 | As of March 31, 2022, David T. Cohen, Mark E. Donovan, Stephanie McGirr, David J. Pyle, and Joshua White beneficially owned $100,001 - $500,000, over $1 million, $100,001 - $500,000, over $1 million, and $500,001 - $1,000,000 of shares of the Fund, respectively. |
2 | As of March 31, 2022, Joseph F. Feeney, Jr. and Stephen L. Pollack beneficially owned $100,001 - $500,000 and $500,001 - $1,000,000 of shares of the Fund, respectively. |
•
|
Individual Contribution: an evaluation of the professional’s individual contribution based on the expectations established at the beginning of each year;
|
•
|
Product Investment Performance: performance of the investment product(s) with which the individual is involved versus the pre-designed index, based on the excess return;
|
•
|
Investment Team Performance: the financial results of the investment group with our client’s assets;
|
•
|
Firm-wide Performance: the overall financial performance of Boston Partners.
|
•
|
Our long-term incentive program effectively confers a significant 20-30% ownership interest in the value of the business to key employees. Annual awards are made by the Compensation Committee and are meant to equate to an additional 10-20% of the participants cash bonus awards.
|
131 |
132 |
Other Registered Investment Companies
|
Other Pooled Investment Vehicles
|
Other Accounts
|
||||
Portfolio Manager
|
Number of Accounts
|
Assets (in millions)
|
Number of Accounts
|
Assets (in millions)
|
Number of Accounts
|
Assets (in millions)
|
William W. Priest
|
6
|
$4,662
|
27
|
$8,169
|
74
|
$7,445
|
John Tobin
|
5
|
$4,590
|
11
|
$2,380
|
15
|
$3,672
|
Kera Van Valen
|
5
|
$4,590
|
11
|
$2,380
|
15
|
$3,672
|
Michael A. Welhoelter
|
7
|
$4,915
|
38
|
$11,937
|
77
|
$7,577
|
Other Registered Investment Companies
|
Other Pooled Investment Vehicles
|
Other Accounts
|
||||
Portfolio Manager
|
Number of Accounts
|
Assets (in millions)
|
Number of Accounts
|
Assets (in millions)
|
Number of Accounts
|
Assets (in millions)
|
William W. Priest
|
0
|
$0
|
1
|
$60
|
5
|
$304
|
John Tobin
|
0
|
$0
|
0
|
$0
|
0
|
$0
|
Kera Van Valen
|
0
|
$0
|
0
|
$0
|
0
|
$0
|
Michael A. Welhoelter
|
0
|
$0
|
1
|
$60
|
5
|
$304
|
Name
|
Dollar Range of Shares Owned1
|
William W. Priest
|
$150,001 - $200,000
|
John Tobin
|
$50,001 - $100,000
|
Kera Van Valen
|
$1 - $50,000
|
Michael A. Welhoelter
|
$200,001 - $250,000
|
1 | As of March 31, 2022, William W. Priest, John Tobin, Kera Van Valen, and Michael A. Welhoelter beneficially owned $150,001 - $200,000, $50,001 - $100,000, $1 - $50,000, and 200,001 - $250,000, respectively, of the fund. |
133 |
134 |
Fund Managed
|
Portfolio Managers
|
Diversified Real Assets Fund
|
Craig Bethune, CFA and Diana Racanelli, CFA
|
Other Registered Investment Companies
|
Other Pooled Investment Vehicles
|
Other Accounts
|
||||
Portfolio Manager
|
Number of Accounts
|
Assets (in millions)
|
Number of Accounts
|
Assets (in millions)
|
Number of Accounts
|
Assets (in millions)
|
Craig Bethune
|
0
|
$0
|
0
|
$0
|
0
|
$0
|
Diane Racanelli
|
0
|
$0
|
0
|
$0
|
0
|
$0
|
Other Registered Investment Companies
|
Other Pooled Investment Vehicles
|
Other Accounts
|
||||
Portfolio Manager
|
Number of Accounts
|
Assets (in millions)
|
Number of Accounts
|
Assets (in millions)
|
Number of Accounts
|
Assets (in millions)
|
Craig Bethune
|
0
|
$0
|
0
|
$0
|
0
|
$0
|
Diane Racanelli
|
0
|
$0
|
0
|
$0
|
0
|
$0
|
Name
|
Dollar Range of Shares Owned1
|
Craig Bethune
|
none
|
Diana Racanelli
|
none
|
1 | As of March 31, 2022, neither Craig Bethune nor Diana Racanelli beneficially owned shares of the Fund. |
135 |
Fund Managed
|
Portfolio Managers
|
Fundamental Equity Income Fund
|
Michael J. Mattioli, CFA, Nicholas P. Renart, Emory W. Sanders, Jr., CFA, and Jonathan T. White, CFA
|
Other Registered Investment Companies
|
Other Pooled Investment Companies
|
Other Accounts
|
||||
Portfolio Manager
|
Number of Accounts
|
Assets (in millions)
|
Number of Accounts
|
Assets (in millions)
|
Number of Accounts
|
Assets (in millions)
|
Michael J. Mattioli
|
0
|
$0
|
2
|
$1,321
|
0
|
$0
|
Nicholas P. Renart
|
1
|
$801
|
0
|
$0
|
0
|
$0
|
Emory W. Sanders, Jr.
|
6
|
$9,904
|
44
|
$12,464
|
8
|
$3,239
|
Jonathan T. White
|
5
|
$9,103
|
38
|
$10,434
|
8
|
$3,239
|
Other Registered Investment Companies
|
Other Pooled Investment Companies
|
Other Accounts
|
||||
Portfolio Manager
|
Number of Accounts
|
Assets (in millions)
|
Number of Accounts
|
Assets (in millions)
|
Number of Accounts
|
Assets (in millions)
|
Michael J. Mattioli
|
0
|
$0
|
0
|
$0
|
0
|
$0
|
Nicholas P. Renart
|
0
|
$0
|
0
|
$0
|
0
|
$0
|
Emory W. Sanders, Jr.
|
0
|
$0
|
0
|
$0
|
2
|
$592
|
Jonathan T. White
|
0
|
$0
|
0
|
$0
|
2
|
$592
|
Fund
|
Portfolio Manager
|
Dollar Range of Shares Owned
|
Fundamental Equity Income Fund1
|
Michael J. Mattioli
|
None
|
Nicholas P. Renart
|
None
|
|
Emory W. Sanders, Jr.
|
None
|
|
Jonathan T. White
|
None
|
1 | As of March 31, 2022, Michael J. Mattioli, Nicholas P. Renart, Emory W. Sanders, Jr. and Jonathan T. White beneficially owned $0, $0, $0 and $0 of shares, respectively, of Fundamental Equity Income Fund. |
136 |
•
|
A portfolio manager could favor one account over another in allocating new investment opportunities that have limited supply, such as initial public offerings and private placements. If, for example, an initial public offering that was expected to appreciate in value significantly shortly after the offering was allocated to a single account, that account may be expected to have better investment performance than other accounts that did not receive an allocation on the initial public offering. The Subadvisor has policies that require a portfolio manager to allocate such investment opportunities in an equitable manner and generally to allocate such investments proportionately among all accounts with similar investment objectives.
|
•
|
A portfolio manager could favor one account over another in the order in which trades for the accounts are placed. If a portfolio manager determines to purchase a security for more than one account in an aggregate amount that may influence the market price of the security, accounts that purchased or sold the security first may receive a more favorable price than accounts that made subsequent transactions. The less liquid the market for the security or the greater the percentage that the proposed aggregate purchases or sales represent of average daily trading volume, the greater the potential for accounts that make subsequent purchases or sales to receive a less favorable price. When a portfolio manager intends to trade the same security for more than one account, the policies of the Subadvisor generally require that such trades be “bunched,” which means that the trades for the individual accounts are aggregated and each account receives the same price. There are some types of accounts as to which bunching may not be possible for contractual reasons (such as directed brokerage arrangements). Circumstances may also arise where the trader believes that bunching the orders may not result in the best possible price. Where those accounts or circumstances are involved, the Subadvisor will place the order in a manner intended to result in as favorable a price as possible for such client.
|
•
|
A portfolio manager could favor an account if the portfolio manager’s compensation is tied to the performance of that account rather than all accounts managed by the portfolio manager. If, for example, the portfolio manager receives a bonus based upon the performance of certain accounts relative to a benchmark while other accounts are disregarded for this purpose, the portfolio manager will have a financial incentive to seek to have the accounts that determine the portfolio manager’s bonus achieve the best possible performance to the possible detriment of other accounts. Similarly, if the Subadvisor receives a performance-based advisory fee, the portfolio manager may favor that account, whether or not the performance of that account directly determines the portfolio manager’s compensation. The investment performance on specific accounts is not a factor in determining the portfolio manager’s compensation. See “Compensation” below. Neither the Advisor nor the Subadvisor receives a performance-based fee with respect to any of the accounts managed by the portfolio managers.
|
•
|
A portfolio manager could favor an account if the portfolio manager has a beneficial interest in the account, in order to benefit a large client or to compensate a client that had poor returns. For example, if the portfolio manager held an interest in an investment partnership that was one of the accounts managed by the portfolio manager, the portfolio manager would have an economic incentive to favor the account in which the portfolio manager held an interest. The Subadvisor imposes certain trading restrictions and reporting requirements for accounts in which a portfolio manager or certain family members have a personal interest in order to confirm that such accounts are not favored over other accounts.
|
•
|
If the different accounts have materially and potentially conflicting investment objectives or strategies, a conflict of interest may arise. For example, if a portfolio manager purchases a security for one account and sells the same security short for another account, such trading pattern could disadvantage either the account that is long or short. In making portfolio manager assignments, the Subadvisor seeks to avoid such potentially conflicting situations. However, where a portfolio manager is responsible for accounts with differing investment objectives and policies, it is possible that the portfolio manager will conclude that it is in the best interest of one account to sell a portfolio security while another account continues to hold or increase the holding in such security.
|
•
|
Base salary. Base compensation is fixed and normally reevaluated on an annual basis. The Subadvisor seeks to set compensation at market rates, taking into account the experience and responsibilities of the investment professional.
|
•
|
Incentives. Only investment professionals are eligible to participate in the short- and long-term incentive plan. Under the plan, investment professionals are eligible for an annual cash award. The plan is intended to provide a competitive level of annual bonus compensation that is tied to the investment professional achieving superior investment performance and aligns the financial incentives of the Subadvisor and the investment professional. Any bonus under the plan is completely discretionary, with a maximum annual bonus that may be well in excess of base salary. Payout of a portion of this bonus may be deferred for up to five years. While the amount of any bonus is discretionary, the following factors are generally used in determining bonuses under the plan:
|
○
|
Investment Performance: The investment performance of all accounts managed by the investment professional over one, three and five-year periods are considered. The pre-tax performance of each account is measured relative to an appropriate peer group benchmark identified in the table below (for example a Morningstar large cap growth peer group if the fund invests primarily in large cap stocks with a growth strategy). With respect to fixed income accounts, relative yields are also used to measure performance. This is the most heavily weighted factor.
|
○
|
Financial Performance: The profitability of the Subadvisor and its parent company are also considered in determining bonus awards.
|
137 |
○
|
Non-Investment Performance: To a lesser extent, intangible contributions, including the investment professional’s support of client service and sales activities, new fund/strategy idea generation, professional growth and development, and management, where applicable, are also evaluated when determining bonus awards.
|
○
|
In addition to the above, compensation may also include a revenue component for an investment team derived from a number of factors including, but not limited to, client assets under management, investment performance, and firm metrics.
|
•
|
Manulife equity awards. A limited number of senior investment professionals may receive options to purchase shares of Manulife Financial stock. Generally, such option would permit the investment professional to purchase a set amount of stock at the market price on the date of grant. The option can be exercised for a set period (normally a number of years or until termination of employment) and the investment professional would exercise the option if the market value of Manulife Financial stock increases. Some investment professionals may receive restricted stock grants, where the investment professional is entitled to receive the stock at no or nominal cost, provided that the stock is forgone if the investment professional’s employment is terminated prior to a vesting date.
|
•
|
Deferred Incentives. Investment professionals may receive deferred incentives which are fully invested in strategies managed by the team/individual as well as other Manulife Investment Management strategies.
|
Fund
|
Benchmark Index for Incentive Period
|
Fundamental Equity Income Fund
|
Russell 1000 Value Index
|
138 |
Fund
|
Portfolio Managers
|
Diversified Real Assets Fund
|
G. Thomas Levering
|
Diversified Real Assets Fund
|
Bradford D. Stoesser
|
International Growth Fund
|
John A. Boselli, CFA
|
International Growth Fund
|
Alvaro Llavero
|
International Growth Fund
|
Zhaohuan (Terry) Tian, CFA
|
Mid Cap Growth Fund
|
Mario E. Abularach, CFA, CMT
|
Mid Cap Growth Fund
|
Stephen Mortimer
|
U.S. Growth Fund
|
John A. Boselli, CFA
|
U.S. Growth Fund
|
Timothy N. Manning
|
Other Registered Investment Companies
|
Other Pooled Investment Vehicles
|
Other Accounts
|
||||
Portfolio Manager
|
Number of Accounts
|
Assets (in millions)
|
Number of Accounts
|
Assets (in millions)
|
Number of Accounts
|
Assets (in millions)
|
Mario E. Abularach
|
2
|
$7,074,407,188
|
0
|
$0
|
1
|
$13,658.622
|
John A. Boselli
|
1
|
$166,803,136
|
15
|
$15,401,473,379
|
34
|
$17,467,284,624
|
G. Thomas Levering
|
16
|
$7,400,634,484
|
46
|
$4,225,984,071
|
56
|
$1,916,414,148
|
Alvaro Llavero
|
0
|
$0
|
1
|
$589,283
|
0
|
$0
|
Timothy N. Manning
|
5
|
$1,936,292,688
|
7
|
$2,647,702,350
|
6
|
$2,511,209,169
|
Stephen Mortimer
|
12
|
$12,118,911,766
|
7
|
$440,316,908
|
4
|
$822,266,928
|
Bradford D. Stoesser
|
13
|
$2,266,029,023
|
44
|
$1,176,678,710
|
69
|
$1,725,115,798
|
Zhaohuan (Terry) Tian
|
0
|
$0
|
1
|
$640,734
|
0
|
$0
|
Other Registered Investment Companies
|
Other Pooled Investment Vehicles
|
Other Accounts
|
||||
Portfolio Manager
|
Number of Accounts
|
Assets (in millions)
|
Number of Accounts
|
Assets (in millions)
|
Number of Accounts
|
Assets (in millions)
|
Mario E. Abularach
|
0
|
$0
|
0
|
$0
|
0
|
$0
|
John A. Boselli
|
0
|
$0
|
2
|
$964,614,906
|
0
|
$0
|
G. Thomas Levering
|
2
|
$585,117,114
|
18
|
$2,540,475,590
|
13
|
$473,023,661
|
Alvaro Llavero
|
0
|
$0
|
0
|
$0
|
0
|
$0
|
139 |
Other Registered Investment Companies
|
Other Pooled Investment Vehicles
|
Other Accounts
|
||||
Portfolio Manager
|
Number of Accounts
|
Assets (in millions)
|
Number of Accounts
|
Assets (in millions)
|
Number of Accounts
|
Assets (in millions)
|
Timothy N. Manning
|
1
|
$1,415,832,739
|
1
|
$334,667
|
0
|
$0
|
Stephen Mortimer
|
0
|
$0
|
2
|
$139,819,155
|
1
|
$281,949,547
|
Bradford D. Stoesser
|
2
|
$55,309,310
|
6
|
$138,864,512
|
9
|
$496,058,858
|
Zhaohuan (Terry) Tian
|
0
|
$0
|
0
|
$0
|
0
|
$0
|
Name
|
Dollar Range of Shares Owned
|
International Growth Fund1
|
|
John A. Boselli
|
Over $1 million
|
Alvaro Llavero
|
None
|
Zhaohuan (Terry) Tian
|
None
|
Mid Cap Growth Fund
|
|
Mario E. Abularach
|
None
|
Stephen Mortimer
|
None
|
U.S. Growth Fund1
|
|
John A. Boselli
|
Over $1 million
|
Timothy N. Manning
|
None
|
Diversified Real Assets Fund2
|
|
G. Thomas Levering
|
Over $1 million
|
Bradford D. Stoesser
|
None
|
1 | As of March 31, 2022, John A. Boselli beneficially owned over $1 million of shares of the Fund. |
2 | As of March 31, 2022, G. Thomas Levering did not beneficially own shares of the Fund. |
140 |
Fund
|
Benchmark Index and/or Peer Group for Incentive Period
|
Diversified Real Assets Fund
|
FTSE EPRA Nareit Develop ex US (Stoesser) and DJ US Select RESI Index (Stoesser)
|
International Growth Fund
|
MSCI All Country World ex USA Growth Index
|
Mid Cap Growth Fund
|
Russell Mid Cap Index
|
U.S. Growth Fund
|
Russell 1000 Growth Index
|
141 |
142 |
143 |
144 |
145 |
146 |
147 |
148 |
149 |
150 |
151 |
152 |
•
|
The right to vote is a basic component of share ownership and is an important control mechanism to ensure that a company is managed in the best interests of its shareholders. Where clients delegate proxy voting authority to Manulife IM, Manulife IM has a fiduciary duty to exercise voting rights responsibly.
|
•
|
Where Manulife IM is granted and accepts responsibility for voting proxies for client accounts, it will seek to ensure proxies are received and voted in the best interests of the client with a view to maximize the economic value of their equity securities, unless it determines that it is in the best interests of the client to refrain from voting a given proxy.
|
•
|
If there is any potential material proxy-related conflict of interest between Manulife IM and its clients, identification and resolution processes are in place to provide for determination in the best interests of the client.
|
•
|
Manulife IM will disclose information about its proxy voting policies and procedures to its clients.
|
•
|
Manulife IM will maintain certain records relating to proxy voting.
|
•
|
Robust oversight, including a strong and effective board with independent and objective leaders working on behalf of shareholders;
|
•
|
Mechanisms to mitigate risk such as effective internal controls, board expertise covering a firm’s unique risk profile, and routine use of key performance indicators to measure and assess long-term risks;
|
•
|
A management team aligned with shareholders through remuneration structures that incentivize long-term performance through the judicious and sustainable stewardship of company resources;
|
•
|
Transparent and thorough reporting of the components of the business that are most significant to shareholders and stakeholders with focus on the firm’s long-term success; and
|
•
|
Management focused on all forms of capital including environmental, social, and human capital.
|
153 |
•
|
Manulife IM’s aggregated holdings across all client accounts represent 2% or greater of issued capital;
|
•
|
A meeting agenda includes shareholder resolutions related to environmental and social risk management issues, or where the subject of a shareholder resolution is deemed to be material to our investment decision; or
|
•
|
Manulife IM may also review voting resolutions for issuers where an investment team engaged with the firm within the previous two years to seek a change in behavior.
|
•
|
Costs associated with voting the proxy exceed the expected benefits to clients;
|
•
|
Underlying securities have been lent out pursuant to a client’s securities lending program and have not been subject to recall;
|
•
|
Short notice of a shareholder meeting;
|
•
|
Requirements to vote proxies in person;
|
•
|
Restrictions on a nonnational’s ability to exercise votes, determined by local market regulation;
|
•
|
Restrictions on the sale of securities in proximity to the shareholder meeting (i.e. share blocking);
|
•
|
Requirements to disclose commercially sensitive information that may be made public (i.e. reregistration);
|
154 |
•
|
Requirements to provide local agents with power of attorney to facilitate the voting instructions (such proxies are voted on a best-efforts basis); or
|
•
|
The inability of a client’s custodian to forward and process proxies electronically.
|
•
|
Research and make voting recommendations;
|
•
|
Ensure proxies are voted and submitted in a timely manner;
|
•
|
Provide alerts when issuers file additional materials related to proxy voting matters;
|
•
|
Perform other administrative functions of proxy voting;
|
•
|
Maintain records of proxy statements and provide copies of such proxy statements promptly upon request;
|
•
|
Maintain records of votes cast; and
|
•
|
Provide recommendations with respect to proxy voting matters in general.
|
•
|
Manulife IM has a business relationship or potential relationship with the issuer;
|
•
|
Manulife IM has a business relationship with the proponent of the proxy proposal; or
|
•
|
Manulife IM members, employees or consultants have a personal or other business relationship with managers of the business such as top-level executives, corporate directors or director candidates.
|
155 |
•
|
Sampling prepopulated votes: Where we use a third-party research provider for either voting recommendations or voting execution (or both), we may assess prepopulated votes shown on the vendor’s electronic voting platform before such votes are cast to ensure alignment with the voting principles.
|
•
|
Decision scrutiny from the working group: Where our voting policies and procedures do not address how to vote on a particular matter, or where the matter is highly contested or controversial (e.g., major acquisitions involving takeovers or contested director elections where a shareholder has proposed its own slate of directors), review by the working group may be necessary or appropriate to ensure votes cast on behalf of its client are cast in the client’s best interest.
|
156 |
157 |
158 |
159 |
160 |
1 | Votes client proxies for which clients have affirmatively delegated proxy-voting authority, in writing, unless it has arranged in advance with the client to limit the circumstances in which it would exercise voting authority or determines that it is in the best interest of one or more clients to refrain from voting a given proxy. |
2 | Votes all proxies in the best interests of the client for whom it is voting. |
3 | Identifies and resolves all material proxy-related conflicts of interest between the firm and its clients in the best interests of the client. |
•
|
Generally, issues for which explicit proxy voting guidance is provided in the Guidelines (i.e., “For”, “Against”, “Abstain”) are voted in accordance with the Guidelines.
|
•
|
Issues identified as “case-by-case” in the Guidelines are further reviewed by Investment Research. In certain circumstances, further input is needed, so the issues are forwarded to the relevant research analyst and/or portfolio manager(s) for their input.
|
161 |
•
|
Absent a material conflict of interest, the portfolio manager has the authority to decide the final vote. Different portfolio managers holding the same securities may arrive at different voting conclusions for their clients’ proxies.
|
162 |
PART
C
OTHER INFORMATION
Item 28. Exhibits
(a) |
Amended and Restated Declaration of Trust dated January 22, 2016 – previously filed as exhibit (a) to post-effective amendment no. 66, filed on June 28, 2016, accession number 0001133228-16-010482. |
99.(a)(1) |
Amendment dated December 13, 2018 to the Amended and Restated Declaration of Trust dated January 22, 2016 - previously filed as exhibit (99)(a).1 to post-effective amendment no. 86 filed on July 27, 2020, accession number 0001133228-20-004476. |
(b) |
By-laws of the Registrant dated June 9, 2005 — previously filed as exhibit 99.(b) to initial registration statement on Form N-1A, filed on June 15, 2005, accession number 0000898432-05-000492. |
99.(b)(1) |
Amendment dated March 11, 2008 to the By-laws dated June 9, 2005 — previously filed as exhibit 99.(b).1 to post-effective amendment no. 86 filed on July 27, 2020, accession number 0001133228-20-004476. |
(b)(2) |
Amendment dated June 9, 2009 to the By-laws dated June 9, 2005 — previously filed as exhibit (b)(1) to post-effective amendment no. 19, filed on June 30, 2009, accession number 0000950123-09-018788. |
(b)(3) |
Amendment dated August 31, 2010 to the By-laws dated June 9, 2005 — previously filed as exhibit (b)(2) to post-effective amendment no. 28, filed on November 5, 2010, accession number 0000950123-10-101104. |
(b)(4) |
Amendment dated March 10, 2016 to the By-laws dated June 9, 2005 – previously filed as exhibit (b)(3) to post-effective amendment no. 66, filed on June 27, 2016, accession number 0001133228-16-010482. |
(c) |
Not applicable. |
99.(d)(1) |
|
(d)(2) |
Subadvisory Agreement dated January 1, 2014 between John Hancock Investment Management LLC and Epoch Investment Partners, Inc. relating to John Hancock Global Shareholder Yield Fund — previously filed as exhibit (d)(4) to post-effective amendment no. 53, filed on June 27, 2014, accession number 0001133228-14-002176. |
(d)(3) |
Subadvisory Agreement dated January 1, 2014 between John Hancock Investment Management LLC and Boston Partners Global Investors, Inc. (formerly Robeco Investment Management, Inc.) relating to John Hancock Disciplined Value Fund and John Hancock Disciplined Value Mid Cap Fund — previously filed as exhibit (d)(10) to post-effective amendment no. 53, filed on June 27, 2014, accession number 0001133228-14-002176. |
(d)(4) |
Subadvisory Agreement dated July 15, 2014, between John Hancock Investment Management LLC and Wellington Management Company, LLP relating to John Hancock International Growth Fund — previously filed as exhibit (d)(11) to post-effective amendment no. 58, filed on January 26, 2015, accession number 0001133228-15-000305. |
(d)(5) |
Amendment dated December 17, 2014, to the Subadvisory Agreement dated January 1, 2014 between John Hancock Investment Management LLC and Boston Partners Global Investors, Inc. (formerly Robeco Investment Management, Inc.) relating to John Hancock Disciplined Value Fund — previously filed as exhibit (d)(12) to post-effective amendment no. 58, filed on January 26, 2015, accession number 0001133228-15-000305. |
(d)(6) |
Amendment dated June 26, 2019, to the Subadvisory Agreement dated July 15, 2014 between John Hancock Investment Management LLC and Wellington Management Company LLP relating to John Hancock International Growth Fund and John Hancock U.S. Quality Growth Fund — previously filed as exhibit (d)(11) to post-effective amendment no. 84, filed on July 25, 2019, accession number 0001133228-19-004844. |
99.(e) |
Amended and Restated Distribution Agreement dated June 30, 2020 between the Registrant and John Hancock Investment Management Distributors LLC — previously filed as exhibit 99.(e) to post-effective amendment no. 86 filed on July 27, 2020, accession number 0001133228-20-004476. |
(f) |
Not Applicable. |
(g) |
Master Custodian Agreement dated September 10, 2008 between the Registrant and State Street Bank and Trust Company — previously filed as exhibit (g) to post-effective amendment no. 26, filed on June 25, 2010, accession number 0000950123-10-061105. |
(g)(1) |
Amendment dated October 1, 2015 to Master Custodian Agreement dated September 26, 2008 between John Hancock Mutual Funds and State Street Bank and Trust Company previously filed as exhibit (g)(1) to post-effective amendment no. 66, filed on June 27, 2016, accession number 0001133228-16-010482. |
99.(i) |
|
99.(j) |
Consent of Independent Registered Accounting Firm – FILED HEREWITH. |
(k) |
Not Applicable. |
(l) |
Not Applicable. |
99.(m)(1) |
Amended and Restated Plan of Distribution pursuant to Rule 12b-1 dated June 30, 2020 relating to Class 1 Shares — previously filed as exhibit 99.(m)(1) to post-effective amendment no. 86 filed on July 27, 2020, accession number 0001133228-20-004476. |
99.(m)(2) |
Amended and Restated Plan of Distribution pursuant to Rule 12b-1 dated June 30, 2020 relating to Class A Shares — previously filed as exhibit 99.(m)(2) to post-effective amendment no. 86 filed on July 27, 2020, accession number 0001133228-20-004476. |
99.(m)(3) |
Amended and Restated Plan of Distribution pursuant to Rule 12b-1 dated June 30, 2020 relating to Class B Shares — previously filed as exhibit 99.(m)(3) to post-effective amendment no. 86 filed on July 27, 2020, accession number 0001133228-20-004476. |
99.(m)(4) |
Amended and Restated Plan of Distribution pursuant to Rule 12b-1 dated June 30, 2020 relating to Class C Shares — previously filed as exhibit 99.(m)(4) to post-effective amendment no. 86 filed on July 27, 2020, accession number 0001133228-20-004476. |
99.(m)(5) |
Amended and Restated Plan of Distribution pursuant to Rule 12b-1 dated June 30, 2020 relating to Class R1 Shares — previously filed as exhibit 99.(m)(5) to post-effective amendment no. 86 filed on July 27, 2020, accession number 0001133228-20-004476. |
99.(m)(6) |
Amended and Restated Plan of Distribution pursuant to Rule 12b-1 dated June 30, 2020 relating to Class R2 Shares — previously filed as exhibit 99.(m)(6) to post-effective amendment no. 86 filed on July 27, 2020, accession number 0001133228-20-004476. |
99.(m)(7) |
Amended and Restated Plan of Distribution pursuant to Rule 12b-1 dated June 30, 2020 relating to Class R3 Shares — previously filed as exhibit 99.(m)(7) to post-effective amendment no. 86 filed on July 27, 2020, accession number 0001133228-20-004476. |
99.(m)(8) |
Amended and Restated Plan of Distribution pursuant to Rule 12b-1 dated June 30, 2020 relating to Class R4 Shares — previously filed as exhibit 99.(m)(8) to post-effective amendment no. 86 filed on July 27, 2020, accession number 0001133228-20-004476. |
99.(m)(9) |
Amended and Restated Plan of Distribution pursuant to Rule 12b-1 dated June 30, 2020 relating to Class R5 Shares — previously filed as exhibit 99.(m)(9) to post-effective amendment no. 86 filed on July 27, 2020, accession number 0001133228-20-004476. |
99.(m)(10) |
Amended and Restated Plan of Distribution pursuant to Rule 12b-1 dated June 30, 2020 relating to Class ADV Shares — previously filed as exhibit 99.(m)(10) to post-effective amendment no. 86 filed on July 27, 2020, accession number 0001133228-20-004476. |
(n) |
Amended and Restated Multiple Class Plan pursuant to Rule 18f-3 dated December 17, 2014, as amended December 8, 2016 (“18f-3 Plan“) for certain John Hancock Mutual Funds advised by John Hancock Investment Management LLC – previously filed as exhibit (n) to post-effective amendment no. 74, filed on June 27, 2017, accession number 0001133228-17-004191. |
(o) |
Reserved. |
99.(p) |
Codes of Ethics: |
99.(p)(1) |
Code of Ethics dated January 1, 2008 (revised September 17, 2020) of John Hancock Investment Management LLC, John Hancock Variable Trust Advisers LLC, John Hancock Investment Management Distributors LLC, John Hancock Distributors, LLC, and each open-end and closed-end fund advised by a John Hancock advisor – previously filed as exhibit (p)(1) to post-effective amendment no. 90 filed on July 27, 2021, accession no. 0001133228-21-004078. |
99.(p)(2) |
Code of Ethics of Epoch Investment Partners, Inc., dated October 2021 — FILED HEREWITH |
99.(p)(3) |
Code of Ethics of Boston Partners Global Investors, Inc., dated May 2021 — FILED HEREWITH |
99.(p)(4) |
Code of Ethics of Wellington Management Company, LLP dated August 1, 2021 – FILED HEREWITH |
99.(p)(5) |
|
99.(q) |
Item 29. Persons Controlled By or Under Common Control with the Fund.
John Hancock Investment Management LLC is the Advisor to the Registrant. The Advisor is an indirect principally owned subsidiary of John Hancock Life Insurance Company (U.S.A.), which in turn is a subsidiary of Manulife Financial Corporation (“MFC”), a publicly traded company based in Toronto, Canada. A corporate organization list is set forth below.
Item 30. Indemnification
The Registrant’s Amended and Restated Agreement and Declaration of Trust dated January 22, 2016 and Distribution Agreement filed previously contain provisions limiting the liability, and providing for the indemnification, of the Trustees and officers under certain circumstances.
With respect to the Registrant, the general effect of these provisions is to indemnify any person (Trustee, officer, employee or agent, among others) who was or is a party to any proceeding by reason of their actions performed in their official or duly authorized capacity on behalf of the Registrant. With respect to the underwriter, the general effect of the relevant provisions is to indemnify those entities for claims arising out of any untrue statement or material fact contained furnished in writing by the underwriter to the Registrant for use in the Registration Statement.
Registrant’s Trustees and officers are insured under a standard investment company errors and omissions insurance policy covering losses incurred by reason of negligent errors and omissions committed in their official capacities as such.
Insofar as indemnification for liability arising under the Securities Act of 1933, as amended (“Securities Act”), may be permitted to Trustees, officers and controlling persons of the Registrant pursuant to the provisions described in this Item 30, the Registrant has been advised that in the opinion of the Securities and Exchange Commission (“SEC”) such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a Trustee, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such Trustee, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
Article V of the Limited Liability Company Agreement of John Hancock Investment Management LLC provides as follows:
“Section 5.06. Indemnity and Exculpation.
(a) No Indemnitee, and no shareholder, director, officer, member, manager, partner, agent, representative, employee or Affiliate of an Indemnitee, shall have any liability to the Company or to any Member for any loss suffered by the Company (or the Corporation) which arises out of any action or inaction by such Indemnitee with respect to the Company (or the Corporation) if such Indemnitee so acted or omitted to act (i) in the good faith (A) belief that such course of conduct was in, or was not opposed to, the best interests of the Company (or the Corporation), or (B) reliance on the provisions of this Agreement, and (ii) such course of conduct did not constitute gross negligence or willful misconduct of such Indemnitee.
(b) The Company shall, to the fullest extent permitted by applicable law, indemnify each person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative, by reason of the fact
that he is or was, or has agreed to become, a Director or Officer, or is or was serving, or has agreed to serve, at the request of the Company (or previously at the request of the Corporation), as a director, officer, manager or trustee of, or in a similar capacity with, another corporation, partnership, limited liability company, joint venture, trust or other enterprise (including any employee benefit plan) (all such persons being referred to hereafter as an “Indemnitee”), or by reason of any action alleged to have been taken or omitted in such capacity, against all expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by or on behalf of an Indemnitee in connection with such action, suitor proceeding and any appeal therefrom.
(c) As a condition precedent to his right to be indemnified, the Indemnitee must notify the Company in writing as soon as practicable of any action, suit, proceeding or investigation involving him for which indemnity hereunder will or could be sought. With respect to any action, suit, proceeding or investigation of which the Company is so notified, the Company will be entitled to participate therein at its own expense and/or to assume the defense thereof at its own expense, with legal counsel reasonably acceptable to the Indemnitee.
(d) In the event that the Company does not assume the defense of any action, suit, proceeding or investigation of which the Company receives notice under this Section 5.06, the Company shall pay in advance of the final disposition of such matter any expenses (including attorneys’ fees) incurred by an Indemnitee in defending a civil or criminal action, suit, proceeding or investigation or any appeal therefrom; provided, however, that the payment of such expenses incurred by an Indemnitee in advance of the final disposition of such matter shall be made only upon receipt of an undertaking by or on behalf of the Indemnitee to repay all amounts so advanced in the event that it shall ultimately be determined that the Indemnitee is not entitled to be indemnified by the Company as authorized in this Section 5.06, which undertaking shall be accepted without reference to the financial ability of the Indemnitee to make such repayment; and further provided that no such advancement of expenses shall be made if it is determined that (i) the Indemnitee did not act in good faith and in a manner he reasonably believed to be in, or not opposed to, the best interests of the Company, or (ii) with respect to any criminal action or proceeding, the Indemnitee had reasonable cause to believe his conduct was unlawful.
(e) The Company shall not indemnify an Indemnitee seeking indemnification in connection with a proceeding (or part thereof) initiated by such Indemnitee unless the initiation thereof was approved by the Board of Directors. In addition, the Company shall not indemnify an Indemnitee to the extent such Indemnitee is reimbursed from the proceeds of insurance, and in the event the Company makes any indemnification payments to an Indemnitee and such Indemnitee is subsequently reimbursed from the proceeds of insurance, such Indemnitee shall promptly refund such indemnification payments to the Company to the extent of such insurance reimbursement.
(f) All determinations hereunder as to the entitlement of an Indemnitee to indemnification or advancement of expenses shall be made in each instance by (a) a majority vote of the Directors consisting of persons who are not at that time parties to the action, suit or proceeding in question (“Disinterested Directors”), whether or not a quorum, (b) a majority vote of a quorum of the outstanding Common Shares, which quorum shall consist of Members who are not at that time parties to the action, suit or proceeding in question, (c) independent legal counsel (who may, to the extent permitted by law, be regular legal counsel to the Company), or (d) a court of competent jurisdiction.
(g) The indemnification rights provided in this Section 5.06 (i) shall not be deemed exclusive of any other rights to which an Indemnitee may be entitled under any law, agreement or vote of Members or Disinterested Directors or otherwise, and (ii) shall inure to the benefit of the heirs, executors and administrators of the Indemnitees. The Company may, to the extent authorized from time to time by its Board of Directors, grant indemnification rights to other employees or agents of the Company or other persons serving the Company and such rights may be equivalent to, or greater or less than, those set forth in this Section 5.06. Any indemnification to be provided hereunder may be provided although the person to be indemnified is no longer a Director or Officer.”
Item 31. Business and Other Connections of the Investment Adviser
See “Fund Details” in the Prospectuses and “Investment Advisory and Other Services” in the Statement of Additional Information for information regarding the business of the Advisor and each of the Subadvisors. For information as to the business, profession, vocation or employment of a substantial nature of each director, officer or partner of the Advisor and each of the Subadvisors, reference is made to the respective Form ADV, as amended, filed under the Investment Advisers Act of 1940, each of which is incorporated herein by reference.
Advisor |
File Number |
John Hancock Investment Management LLC |
801-8124 |
Subadvisors |
|
Boston Partners Global Investors, Inc. |
801-61786 |
Epoch Investment Partners, Inc. |
801-63118 |
Wellington Management Company LLP |
801-15908 |
Item 32. Principal Underwriters
(a) John Hancock Investment Management Distributors LLC acts as principal underwriter for the Registrant and also serves as principal underwriter or distributor of shares for John Hancock Bond Trust, John Hancock California Tax-Free Income Fund, John Hancock Capital Series, John Hancock Current Interest, John Hancock Investment Trust, John Hancock Investment Trust II, John Hancock Municipal Securities Trust, John Hancock Sovereign Bond Fund, John Hancock Strategic Series and John Hancock Funds II.
(b) The following table presents certain information with respect to each director and officer of John Hancock Investment Management Distributors LLC. The principal business address of each director and officer is 200 Berkeley Street, Boston, Massachusetts 02116.
NAME |
POSITIONS
AND OFFICES |
POSITIONS AND OFFICES WITH THE REGISTRANT |
Andrew G. Arnott |
Director, Chairman, President, and Chief Executive Officer |
President and Trustee |
Jeff Duckworth |
Director and Senior Vice President |
None |
Gina Goldych Walters |
Director |
Vice President, Investments |
John J. Danello |
Senior Vice President |
Senior Vice President |
Edward Macdonald |
Secretary and Chief Legal Counsel |
Assistant Secretary |
Jeffrey H. Long |
Chief Financial Officer and Treasurer |
None |
Michael Mahoney |
Chief Compliance Officer |
None |
Kelly A. Conway |
Assistant Treasurer |
None |
Tracy K. Lannigan |
Assistant Secretary |
None |
Erica Blake |
Assistant Secretary |
None |
(c) Not applicable
Item 33. Location of Accounts and Records
All applicable accounts, books and documents required to be maintained by the Registrant by Section 31(a) of the Investment Company Act of 1940, as amended, and the Rules promulgated thereunder are in the possession and custody of the Registrant’s custodians State Street Bank and Trust Company, State Street Financial Center, One Lincoln Street, Boston, Massachusetts 02111 and Citibank, N.A., 388 Greenwich St, New York, New York 10013, and its transfer agent, John Hancock Signature Services, Inc., P. O. Box 55913, Boston, Massachusetts 02205-5913, with the exception of certain corporate documents and portfolio trading documents which are in the possession and custody of John Hancock Investment Management LLC (the “Advisor”), 200 Berkeley Street, Boston, Massachusetts, 02116. Registrant is informed that all applicable accounts, books and documents required to be maintained by registered investment advisors are in the custody and possession of the Advisor and each of the respective Subadvisors to the Funds of the Registrant.
By Epoch Investment Partners, Inc., the subadvisor to John Hancock Global Shareholder Yield Fund, at its offices at 640 Fifth Avenue, 18th Floor, NY, New York 10019.
By Boston Partners Global Investors, Inc., the subadvisor to John Hancock Disciplined Value Fund and John Hancock Disciplined Value Mid Cap Fund, at its offices at 909 Third Avenue, New York, New York 10022.
By Wellington Management Company LLP, the subadvisor to John Hancock International Growth Fund and U.S. Quality Growth Fund, at its offices at 280 Congress Street, Boston, Massachusetts 02109.
Item 34. Management Services
None.
Item 35. Undertakings
None.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all of the requirements for effectiveness of this Amendment to the Registration Statement under Rule 485(b) under the Securities Act of 1933 and has duly caused this Amendment to the Registration Statement to be signed on its behalf by the undersigned, duly authorized, in the City of Boston and The Commonwealth of Massachusetts, on the 26th day of July, 2022.
John Hancock Funds III | ||
By: | /s/ Andrew G. Arnott | |
Name: | Andrew G. Arnott | |
Title: | President and Trustee |
Pursuant to the requirements of the Securities Act of 1933, this amendment to the Registration Statement has been signed below by the following persons in the capacities and on the date(s) indicated.
Signature | Title | Date | ||
/s/ Andrew G. Arnott | President and Trustee | July 26, 2022 | ||
Andrew G. Arnott | ||||
/s/ Charles A. Rizzo | Chief Financial Officer | July 26, 2022 | ||
Charles A. Rizzo | (Principal Financial Officer and Principal Accounting Officer) | |||
/s/ James R. Boyle * | Trustee | July 26, 2022 | ||
James R. Boyle | ||||
/s/ Peter S. Burgess * | Trustee | July 26, 2022 | ||
Peter S. Burgess | ||||
/s/ William H. Cunningham * | Trustee | July 26, 2022 | ||
William H. Cunningham | ||||
/s/ Grace K. Fey * | Trustee | July 26, 2022 | ||
Grace K. Fey | ||||
/s/ Marianne Harrison * | Trustee | July 26, 2022 | ||
Marianne Harrison | ||||
/s/ Deborah C. Jackson * | Trustee | July 26, 2022 | ||
Deborah C. Jackson | ||||
/s/ Hassell H. McClellan * | Trustee | July 26, 2022 | ||
Hassell H. McClellan | ||||
/s/ Steven R. Pruchansky * | Trustee | July 26, 2022 | ||
Steven R. Pruchansky | ||||
/s/ Frances G. Rathke * | Trustee | July 26, 2022 | ||
Frances G. Rathke |
Signature | Title | Date | ||
/s/ Gregory A. Russo * | Trustee | July 26, 2022 | ||
Gregory A. Russo |
*By: | Power of Attorney | ||||
By: | /s/ Ariel Ayanna | July 26, 2022 | |||
Ariel Ayanna | |||||
Attorney-in-Fact |
* Pursuant to Power of Attorney filed herewith