Prospectus
John Hancock
Disciplined Value Mid Cap Fund
Disciplined Value Mid Cap Fund
U.S.
equity
August 1, 2023
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JVMAX |
JVMCX |
JVMIX |
JVMSX |
JVMTX |
JVMRX |
As with all mutual
funds, the Securities and Exchange Commission has not approved or disapproved
these securities or passed upon the adequacy of this prospectus. Any
representation to the contrary is a criminal offense.
Table of
contents
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.
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10 |
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
Fund
summary
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R2 |
R4 |
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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C |
I |
R2 |
R4 |
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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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 reimbursement |
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1 |
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1 |
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1 |
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1 |
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1,2 |
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Total
annual fund operating expenses after expense
reimbursements |
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1
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1
Fund
summary
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Expenses
($) |
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C |
I |
R2 |
R4 |
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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The fund’s main risks are listed
below in alphabetical order, not in order of importance. Before investing,
be sure to read the additional descriptions of these risks beginning on page 5
of the prospectus.
2
Fund
summary
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3
Fund
summary
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1
year |
5
year |
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
R4 |
- |
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Class
R6 |
- |
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Russell
Midcap Value Index (reflects no deduction for fees, expenses, or
taxes) |
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Investment
management
Investment
advisor
John Hancock
Investment Management LLC
Subadvisor
Boston Partners
Global Investors, Inc.
Portfolio
management
The following
individuals are jointly and primarily responsible for the day-to-day management
of the fund’s portfolio.
|
Timothy
P. Collard |
Joseph
F. Feeney, Jr., CFA1 |
Steven
L. Pollack, CFA |
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Portfolio
Manager
Managed the
fund since 2023 |
Portfolio
Manager
Managed the
fund and its predecessor since
2010 |
Portfolio
Manager
Managed the
fund since 2010 and its
predecessor
since 2001 |
1
Effective December 31, 2023, Joseph
F. Feeney, Jr. will no longer serve as a portfolio manager of the
fund.
Purchase
and sale of fund shares
The minimum initial investment
requirement for Class A and Class C shares is $1,000 ($250 for group
investments), except that there is no minimum for certain group retirement
plans, certain fee-based or wrap accounts, or certain other eligible investment
product platforms. The minimum initial investment requirement for Class I shares
is $250,000, except that the fund may waive the minimum for any category of
investors at the fund’s sole discretion. There are no minimum initial investment
requirements for Class R2 or Class R4 shares. The minimum initial investment
requirement for Class R6 shares is $1 million, except that there is no minimum
for: qualified and nonqualified plan investors; certain eligible qualifying
investment product platforms; 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. There are no subsequent minimum investment
requirements.
Class A, Class C,
Class I, and Class R6 shares may be redeemed on any business day by mail: John
Hancock Signature Services, Inc., P.O. Box 219909, Kansas City, MO 64121-9909;
or for most account types through our website: jhinvestments.com; or by
telephone: 800-225-5291 (Class A and Class C); 888-972-8696 (Class I and Class
R6). Class R2 and Class R4 shares may be redeemed on any business day by
contacting your retirement plan administrator or recordkeeper.
Taxes
The fund’s
distributions are taxable, and will be taxed as ordinary income and/or capital
gains, unless you are investing through a tax-deferred arrangement, such as a
401(k) plan or individual retirement account. Withdrawals from such tax-deferred
arrangements may be subject to tax at a later date.
Payments
to broker-dealers and other financial intermediaries
If you purchase the
fund through a broker-dealer or other financial intermediary (such as a bank,
registered investment advisor, financial planner, or retirement plan
administrator), the fund and its related companies may pay the broker-dealer or
other intermediary for the sale of fund shares and related services. These
payments may create a conflict of interest by influencing the broker-dealer or
other intermediary and your salesperson to recommend the fund over another
investment. These payments are not applicable to Class R6 shares. Ask your
salesperson or visit your financial intermediary’s website for more
information.
4
Fund
details
Principal
investment strategies
Investment
objective:
The fund seeks long-term growth of
capital with current income as a secondary objective.
The Board of Trustees can change the
fund’s investment objectives and strategies without shareholder approval. The
fund will provide at least 60 days’ prior written notice to shareholders prior
to a change in its 80% investment strategy.
Under normal circumstances, the fund
seeks to achieve its investment objectives by investing at least 80% of its net
assets (including borrowings for investment purposes) in a diversified portfolio
consisting primarily of equity securities, such as common stocks, of issuers
with medium market capitalizations, and identified by the manager as having
value characteristics. A medium market capitalization issuer generally is
considered to be one whose market capitalization is, at the time the fund makes
the investment, similar to the market capitalization of companies in the Russell
Midcap Value Index, which comprises those companies in the Russell Midcap Index
with lower price-to-book ratios and lower forecasted growth values and with a
market capitalization range, as of March 31, 2023, between $542.820 million to
$52.269 billion.
The manager examines
various factors in determining the value characteristics of such issuers,
including price-to-book value ratios and price-to-earnings ratios. These value
characteristics are examined in the context of the issuer’s operating and
financial fundamentals, such as return on equity and earnings growth and cash
flow. The manager selects securities for the fund based on a continuous study of
trends in industries and companies, earnings power and growth, and other
investment criteria.
The fund may also
invest up to 20% of its total assets in foreign currency-denominated
securities.
The fund may invest
up to 15% of its net assets in illiquid securities, including securities that
are illiquid by virtue of the absence of a readily available market or legal or
contractual restrictions on resale.
The fund may
participate as a purchaser in initial public offerings of securities (IPOs). An
IPO is a company’s first offering of stock to the public.
In general, the
fund’s investments are broadly diversified over a number of industries and, as a
matter of policy, the fund is limited to investing a maximum of 25% of its total
assets in any one industry. The fund may focus its investments in a particular
sector or sectors of the economy.
Due to its investment
strategy, the fund may buy and sell securities frequently. This may result in
higher transaction costs and additional capital gains tax liabilities than a
fund with a buy and hold strategy.
The manager considers
environmental, social, and/or governance (ESG) factors, alongside other relevant
factors, as part of its investment process. ESG factors may include, but are not
limited to, matters regarding board diversity, climate change policies, and
supply chain and human rights policies. The ESG characteristics utilized in the
fund’s investment process may change over time and one or more characteristics
may not be relevant with respect to all issuers that are eligible fund
investments.
The fund may invest
in cash or money market instruments for the purpose of meeting redemption
requests or making other anticipated cash payments.
The fund may deviate
from its principal investment strategies during transition periods, which may
include the reassignment of portfolio management, a change in investment
objective or strategy, a reorganization or liquidation, or the occurrence of
large inflows or outflows.
Temporary
defensive investing
The fund may invest
up to 100% of its assets in cash, money market instruments, or other
investment-grade short-term securities for the purpose of protecting the fund in
the event the manager determines that market, economic, political, or other
conditions warrant a defensive posture.
To the extent that
the fund is in a defensive position, its ability to achieve its investment
objective will be limited.
Securities
lending
The fund may lend its
securities so long as such loans do not represent more than 33⅓% of the fund’s
total assets. The borrower will provide collateral to the lending portfolio so
that the value of the loaned security will be fully collateralized. The
collateral may consist of cash, cash equivalents, or securities issued or
guaranteed by the U.S. government or its agencies or instrumentalities. The
borrower must also agree to increase the collateral if the value of the loaned
securities increases. As with other extensions of credit, there are risks of
delay in recovery or even loss of rights in the collateral should the borrower
of the securities fail financially.
Principal
risks of investing
An investment in the
fund is not a bank deposit and is not insured or guaranteed by the Federal
Deposit Insurance Corporation or any other government agency. The fund’s shares
will go up and down in price, meaning that you could lose money by investing in
the fund. Many factors influence a fund’s performance. The fund's investment
strategy may not produce the intended results.
Instability in the
financial markets has led many governments, including the U.S. government, to
take a number of unprecedented actions designed to support certain financial
institutions and segments of the financial markets that have experienced extreme
volatility and, in some cases, a lack of liquidity. Federal, state, and other
governments, and their regulatory agencies or self-regulatory organizations, may
take actions that affect the regulation of the instruments in which the fund
invests, or the issuers of such instruments, in ways that are unforeseeable.
Legislation or regulation may also change the way in which the fund itself is
regulated. Such legislation or regulation could limit or preclude the fund’s
ability to achieve its investment objective. In addition, political events
within the United States and abroad could negatively impact financial markets
and the fund’s performance.
Governments or their
agencies may also acquire distressed assets from financial institutions and
acquire ownership interests in those institutions. The implications of
government ownership and disposition of these assets are unclear, and such a
program may have positive or
5
Fund
details
negative effects on
the liquidity, valuation, and performance of the fund’s portfolio holdings.
Furthermore, volatile financial markets can expose the fund to greater market
and liquidity risk, increased transaction costs, and potential difficulty in
valuing portfolio instruments held by the fund.
The principal risks
of investing in the fund are summarized in its fund summary above. Below are
descriptions of the main factors that may play a role in shaping the fund’s
overall risk profile. The descriptions appear in alphabetical order, not in
order of importance. For further details about fund risks, including additional
risk factors that are not discussed in this prospectus because they are not
considered primary factors, see the fund's Statement of Additional Information
(SAI).
Economic
and market events risk
Events in certain
sectors historically have resulted, and may in the future result, in an
unusually high degree of volatility in the financial markets, both domestic and
foreign. These events have included, but are not limited to: bankruptcies,
corporate restructurings, and other similar events; governmental efforts to
limit short selling and high frequency trading; measures to address U.S. federal
and state budget deficits; social, political, and economic instability in
Europe; economic stimulus by the Japanese central bank; dramatic changes in
energy prices and currency exchange rates; and China’s economic slowdown.
Interconnected global economies and financial markets increase the possibility
that conditions in one country or region might adversely impact issuers in a
different country or region. Both domestic and foreign equity markets have
experienced increased volatility and turmoil, with issuers that have exposure to
the real estate, mortgage, and credit markets particularly affected. Financial
institutions could suffer losses as interest rates rise or economic conditions
deteriorate.
In addition,
relatively high market volatility and reduced liquidity in credit and
fixed-income markets may adversely affect many issuers worldwide. Actions taken
by the U.S. Federal Reserve (Fed) or foreign central banks to stimulate or
stabilize economic growth, such as interventions in currency markets, could
cause high volatility in the equity and fixed-income markets. Reduced liquidity
may result in less money being available to purchase raw materials, goods, and
services from emerging markets, which may, in turn, bring down the prices of
these economic staples. It may also result in emerging-market issuers having
more difficulty obtaining financing, which may, in turn, cause a decline in
their securities prices.
Beginning in March 2022, the Fed
began increasing interest rates and has signaled the potential for further
increases. As a result, risks associated with rising interest rates are
currently heightened. It is difficult to accurately predict the pace at which
the Fed will increase interest rates any further, or the timing, frequency or
magnitude of any such increases, and the evaluation of macro-economic and other
conditions could cause a change in approach in the future. Any such increases
generally will cause market interest rates to rise and could cause the value of
a fund’s investments, and the fund’s net asset value (NAV), to decline,
potentially suddenly and significantly. As a result, the fund may experience
high redemptions and, as a result, increased portfolio turnover, which could
increase the costs that the fund incurs and may negatively impact the fund’s
performance.
In addition, as the Fed increases the
target Fed funds rate, any such rate increases, among other factors, could cause
markets to experience continuing high volatility. A significant increase in
interest rates may cause a decline in the market for equity securities. These
events and the possible resulting market volatility may have an adverse effect
on the fund.
Political turmoil
within the United States and abroad may also impact the fund. Although the U.S.
government has honored its credit obligations, it remains possible that the
United States could default on its obligations. While it is impossible to
predict the consequences of such an unprecedented event, it is likely that a
default by the United States would be highly disruptive to the U.S. and global
securities markets and could significantly impair the value of the fund’s
investments. Similarly, political events within the United States at times have
resulted, and may in the future result, in a shutdown of government services,
which could negatively affect the U.S. economy, decrease the value of many fund
investments, and increase uncertainty in or impair the operation of the U.S. or
other securities markets. In recent years, the U.S. renegotiated many of its
global trade relationships and imposed or threatened to impose significant
import tariffs. These actions could lead to price volatility and overall
declines in U.S. and global investment markets.
Uncertainties surrounding the
sovereign debt of a number of European Union (EU) countries and the viability of
the EU have disrupted and may in the future disrupt markets in the United States
and around the world. If one or more countries leave the EU or the EU dissolves,
the global securities markets likely will be
significantly disrupted. On January 31, 2020, the United Kingdom (UK) left the
EU, commonly referred to as “Brexit,” and the UK ceased to be a member of the
EU. Following a transition period during which the EU and the UK Government
engaged in a series of negotiations regarding the terms of the UK’s future
relationship with the EU, the EU and the UK Government signed an agreement
regarding the economic relationship between the UK and the EU. While the full
impact of Brexit is unknown, Brexit has already resulted in volatility in
European and global markets. There remains significant market uncertainty
regarding Brexit’s ramifications, and the range and potential implications of
possible political, regulatory, economic, and market outcomes are difficult to
predict. This uncertainty may affect other countries in the EU and elsewhere,
and may cause volatility within the EU, triggering prolonged economic downturns
in certain countries within the EU. Despite the influence of the lockdowns, and
the economic bounce back, Brexit has had a material impact on the UK’s economy.
Additionally, trade between the UK and the EU did not benefit from the global
rebound in trade in 2021, and remained at the very low levels experienced at the
start of the coronavirus (COVID-19) pandemic in 2020, highlighting Brexit’s
potential long-term effects on the UK economy.
In addition, Brexit
may create additional and substantial economic stresses for the UK, including a
contraction of the UK economy and price volatility in UK stocks, decreased
trade, capital outflows, devaluation of the British pound, wider corporate bond
spreads due to uncertainty and declines in business and consumer spending as
well as foreign direct investment. Brexit may also adversely affect UK-based
financial firms that have counterparties in the EU or participate in market
infrastructure (trading venues, clearing houses, settlement facilities) based in
the EU.
6
Fund
details
Additionally, the
spread of the coronavirus (COVID-19) pandemic is likely to continue to stretch
the resources and deficits of many countries in the EU and throughout the world,
increasing the possibility that countries may be unable to make timely payments
on their sovereign debt. These events and the resulting market volatility may
have an adverse effect on the performance of the fund.
A widespread health
crisis such as a global pandemic could cause substantial market volatility,
exchange trading suspensions and closures, which may lead to less liquidity in
certain instruments, industries, sectors or the markets generally, and may
ultimately affect fund performance. For example, the coronavirus (COVID-19)
pandemic has resulted and may continue to result in significant disruptions to
global business activity and market volatility due to disruptions in market
access, resource availability, facilities operations, imposition of tariffs,
export controls and supply chain disruption, among others. The impact of a
health crisis and other epidemics and pandemics that may arise in the future,
could affect the global economy in ways that cannot necessarily be foreseen at
the present time. A health crisis may exacerbate other pre-existing political,
social and economic risks. Any such impact could adversely affect the fund’s
performance, resulting in losses to your investment.
The United States
responded to the coronavirus (COVID-19) pandemic and resulting economic distress
with fiscal and monetary stimulus packages. In late March 2020, the government
passed the Coronavirus Aid, Relief, and Economic Security Act, a stimulus
package providing for over $2.2 trillion in resources to small businesses, state
and local governments, and individuals adversely impacted by the coronavirus
(COVID-19) pandemic. In late December 2020, the government also passed a
spending bill that included $900 billion in stimulus relief for the coronavirus
(COVID-19) pandemic. Further, in March 2021, the government passed the American
Rescue Plan Act of 2021, a $1.9 trillion stimulus bill to accelerate the United
States’ recovery from the economic and health effects of the coronavirus
(COVID-19) pandemic. In addition, in mid-March 2020 the Fed cut interest rates
to historically low levels and promised unlimited and open-ended quantitative
easing, including purchases of corporate and municipal government bonds. The Fed
also enacted various programs to support liquidity operations and funding in the
financial markets, including expanding its reverse repurchase agreement
operations, adding $1.5 trillion of liquidity to the banking system,
establishing swap lines with other major central banks to provide dollar
funding, establishing a program to support money market funds, easing various
bank capital buffers, providing funding backstops for businesses to provide
bridging loans for up to four years, and providing funding to help credit flow
in asset-backed securities markets. The Fed also extended credit to small- and
medium-sized businesses.
Political and
military events, including in Ukraine, North Korea, Russia, Venezuela, Iran,
Syria, and other areas of the Middle East, and nationalist unrest in Europe and
South America, also may cause market disruptions.
As a result of
continued political tensions and armed conflicts, including the Russian invasion
of Ukraine commencing in February of 2022, the extent and ultimate result of
which are unknown at this time, the United States and the EU, along with the
regulatory bodies of a number of countries, have imposed economic sanctions on
certain Russian
corporate entities
and individuals, and certain sectors of Russia’s economy, which may result in,
among other things, the continued devaluation of Russian currency, a downgrade
in the country’s credit rating, and/or a decline in the value and liquidity of
Russian securities, property or interests. These sanctions could also result in
the immediate freeze of Russian securities and/or funds invested in prohibited
assets, impairing the ability of a fund to buy, sell, receive or deliver those
securities and/or assets. These sanctions or the threat of additional sanctions
could also result in Russia taking counter measures or retaliatory actions,
which may further impair the value and liquidity of Russian securities. The
United States and other nations or international organizations may also impose
additional economic sanctions or take other actions that may adversely affect
Russia-exposed issuers and companies in various sectors of the Russian economy.
Any or all of these potential results could lead Russia’s economy into a
recession. Economic sanctions and other actions against Russian institutions,
companies, and individuals resulting from the ongoing conflict may also have a
substantial negative impact on other economies and securities markets both
regionally and globally, as well as on companies with operations in the conflict
region, the extent to which is unknown at this time. The United States and the
EU have also imposed similar sanctions on Belarus for its support of Russia’s
invasion of Ukraine. Additional sanctions may be imposed on Belarus and other
countries that support Russia. Any such sanctions could present substantially
similar risks as those resulting from the sanctions imposed on Russia, including
substantial negative impacts on the regional and global economies and securities
markets.
In addition, there is
a risk that the prices of goods and services in the United States and many
foreign economies may decline over time, known as deflation. Deflation may have
an adverse effect on stock prices and creditworthiness and may make defaults on
debt more likely. If a country’s economy slips into a deflationary pattern, it
could last for a prolonged period and may be difficult to reverse. Further,
there is a risk that the present value of assets or income from investments will
be less in the future, known as inflation. Inflation rates may change frequently
and drastically as a result of various factors, including unexpected shifts in
the domestic or global economy, and a fund’s investments may be affected, which
may reduce a fund’s performance. Further, inflation may lead to the rise in
interest rates, which may negatively affect the value of debt instruments held
by the fund, resulting in a negative impact on a fund’s performance. Generally,
securities issued in emerging markets are subject to a greater risk of
inflationary or deflationary forces, and more developed markets are better able
to use monetary policy to normalize markets.
Equity
securities risk
Common and preferred
stocks represent equity ownership in a company. Stock markets are volatile. The
price of equity securities will fluctuate, and can decline and reduce the value
of a fund investing in equities. The price of equity securities fluctuates based
on changes in a company’s financial condition and overall market and economic
conditions. The value of equity securities purchased by a fund could decline if
the financial condition of the companies in which the fund is invested declines,
or if overall market and economic conditions deteriorate. An issuer’s financial
condition could decline as a result of poor management decisions, competitive
pressures, technological obsolescence, undue
7
Fund
details
reliance on
suppliers, labor issues, shortages, corporate restructurings, fraudulent
disclosures, irregular and/or unexpected trading activity among retail
investors, or other factors. Changes in the financial condition of a single
issuer can impact the market as a whole.
Even a fund that
invests in high-quality, or blue chip, equity securities, or securities of
established companies with large market capitalizations (which generally have
strong financial characteristics), can be negatively impacted by poor overall
market and economic conditions. Companies with large market capitalizations may
also have less growth potential than smaller companies and may be less able to
react quickly to changes in the marketplace.
The fund generally
does not attempt to time the market. Because of its exposure to equities, the
possibility that stock market prices in general will decline over short or
extended periods subjects the fund to unpredictable declines in the value of its
investments, as well as periods of poor performance.
ESG
integration risk
The manager considers ESG factors
that it deems relevant or additive, along with other material factors and
analysis, when managing the fund. The portion of the fund’s investments for
which the manager considers these ESG factors may vary, and could increase or
decrease over time. In certain situations, the extent to which these ESG factors
may be applied according to the manager’s integrated investment process may not
include U.S. Treasuries, government securities, or other asset classes. ESG
factors may include, but are not limited to, matters regarding board diversity,
climate change policies, and supply chain and human rights policies.
Incorporating ESG criteria and making investment decisions based on certain ESG
characteristics, as determined by the manager, carries the risk that the fund
may perform differently, including underperforming, funds that do not utilize
ESG criteria, or funds that utilize different ESG criteria. Integration of ESG
factors into the fund’s investment process may result in a manager making
different investments for the fund than for a fund with a similar investment
universe and/or investment style that does not incorporate such considerations
in its investment strategy or processes, and the fund’s investment performance
may be affected. Because ESG factors are one of many considerations for the
fund, the manager may nonetheless include companies with low ESG characteristics
or exclude companies with high ESG characteristics in the fund’s
investments.
The ESG
characteristics utilized in the fund’s investment process may change over time,
and different ESG characteristics may be relevant to different investments.
Although the manager has established its own structure to oversee ESG
integration in accordance with the fund’s investment objective and strategies,
successful integration of ESG factors will depend on the manager’s skill in
researching, identifying, and applying these factors, as well as on the
availability of relevant data. The method of evaluating ESG factors and
subsequent impact on portfolio composition, performance, proxy voting decisions
and other factors, is subject to the interpretation of the manager in accordance
with the fund’s investment objective and strategies. ESG factors may be
evaluated differently by different managers, and may not carry the same meaning
to all investors and managers. The manager may employ active shareowner
engagement to raise ESG issues with the management of
select portfolio
companies. The regulatory landscape with respect to ESG investing in the United
States is evolving and any future rules or regulations may require the fund to
change its investment process with respect to ESG integration.
Foreign
securities risk
Funds that invest in
securities traded principally in securities markets outside the United States
are subject to additional and more varied risks, as the value of foreign
securities may change more rapidly and extremely than the value of U.S.
securities. Less information may be publicly available regarding foreign
issuers, including foreign government issuers. Foreign securities may be subject
to foreign taxes and may be more volatile than U.S. securities. Currency
fluctuations and political and economic developments may adversely impact the
value of foreign securities. The securities markets of many foreign countries
are relatively small, with a limited number of companies representing a small
number of industries. Additionally, issuers of foreign securities may not be
subject to the same degree of regulation as U.S. issuers. Reporting, accounting,
and auditing standards of foreign countries differ, in some cases significantly,
from U.S. standards. There are generally higher commission rates on foreign
portfolio transactions, transfer taxes, higher custodial costs, and the
possibility that foreign taxes will be charged on dividends and interest payable
on foreign securities, some or all of which may not be reclaimable. Also,
adverse changes in investment or exchange control regulations (which may include
suspension of the ability to transfer currency or assets from a country);
political changes; or diplomatic developments could adversely affect a fund’s
investments. In the event of nationalization, expropriation, confiscatory
taxation, or other confiscation, the fund could lose a substantial portion of,
or its entire investment in, a foreign security. Some of the foreign securities
risks are also applicable to funds that invest a material portion of their
assets in securities of foreign issuers traded in the United States.
If applicable, depositary receipts
are subject to most of the risks associated with investing in foreign securities
directly because the value of a depositary receipt is dependent upon the market
price of the underlying foreign equity security. Depositary receipts are also
subject to liquidity risk. Additionally, the Holding Foreign Companies
Accountable Act (HFCAA) could cause securities of foreign companies, including
American depositary receipts, to be delisted from U.S. stock exchanges if the
companies do not allow the U.S. government to oversee the auditing of their
financial information. Although the requirements of the HFCAA apply to
securities of all foreign issuers, the SEC has thus far limited its enforcement
efforts to securities of Chinese companies. If securities are delisted, a fund’s
ability to transact in such securities will be impaired, and the liquidity and
market price of the securities may decline. The fund may also need to seek other
markets in which to transact in such securities, which could increase the fund’s
costs.
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
8
Fund
details
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.
High
portfolio turnover risk
A high fund portfolio
turnover rate (over 100%) generally involves correspondingly greater brokerage
commission and tax expenses, which must be borne directly by a fund and its
shareholders, respectively. The portfolio turnover rate of a fund may vary from
year to year, as well as within a year.
Illiquid
and restricted securities risk
Certain securities
are considered illiquid or restricted due to a limited trading market, legal or
contractual restrictions on resale or transfer, or are otherwise illiquid
because they cannot be sold or disposed of in seven calendar days or less
without the sale or disposition significantly changing the market value of the
investment. Securities that have limitations on their resale are referred to as
“restricted securities.” Certain restricted securities that are eligible for
resale to qualified institutional purchasers may not be regarded as illiquid.
Illiquid and restricted securities may be difficult to value and may involve
greater risks than liquid securities. Market quotations for such securities may
be volatile and/or subject to large spreads between bid and ask price.
Illiquidity may have an adverse impact on market price and the fund’s ability to
sell particular securities when necessary to meet the fund’s liquidity needs or
in response to a specific economic event. The fund may incur additional expense
when disposing of illiquid or restricted securities, including all or a portion
of the cost to register the securities.
Initial
public offerings (IPOs) risk
Certain funds may
invest a portion of their assets in shares of IPOs. IPOs may have a magnified
impact on the performance of a fund with a small asset base. The impact of IPOs
on a fund’s performance will likely decrease as the fund’s asset size increases,
which could reduce the fund’s returns. IPOs may not be consistently available to
a fund for investing, particularly as the fund’s asset base grows. IPO shares
are frequently volatile in price due to the absence of a prior public market,
the small number of shares available for trading, and limited information about
the issuer. Therefore, a fund may hold IPO shares for a very short period of
time. This may increase the turnover of a fund and may lead to increased
expenses for a fund, such as commissions and transaction costs. In
addition, IPO shares
can experience an immediate drop in value if the demand for the securities does
not continue to support the offering price.
Mid-sized
company risk
Market risk and
liquidity risk may be pronounced for securities of companies with mid-sized
market capitalizations. These companies may have limited product lines, markets
or financial resources or they may depend on a few key employees. The securities
of companies with mid-sized market capitalizations may trade less frequently and
in lesser volume than more widely held securities, and their value may fluctuate
more sharply than those securities. They may also trade in the over-the-counter
market or on a regional exchange, or may otherwise have limited liquidity.
Investments in less-seasoned companies with mid-sized market capitalizations may
present greater opportunities for growth and capital appreciation, but also
involve greater risks than customarily are associated with more established
companies with larger market capitalizations. These risks apply to all funds
that invest in the securities of companies with smaller- or mid-sized market
capitalizations. For purposes of the fund’s investment policies, the market
capitalization of a company is based on its capitalization at the time the fund
purchases the company’s securities. Market capitalizations of companies change
over time. The fund is not obligated to sell a company’s security simply
because, subsequent to its purchase, the company’s market capitalization has
changed to be outside the capitalization range, if any, in effect for the
fund.
Operational
and cybersecurity risk
With the increased
use of technologies, such as mobile devices and “cloud”-based service offerings
and the dependence on the internet and computer systems to perform necessary
business functions, the fund’s service providers are susceptible to operational
and information or cybersecurity risks that could result in losses to the fund
and its shareholders. Intentional cybersecurity breaches include unauthorized
access to systems, networks, or devices (such as through “hacking” activity or
“phishing”); infection from computer viruses or other malicious software code;
and attacks that shut down, disable, slow, or otherwise disrupt operations,
business processes, or website access or functionality. Cyber-attacks can also
be carried out in a manner that does not require gaining unauthorized access,
such as causing denial-of-service attacks on the service providers’ systems or
websites rendering them unavailable to intended users or via “ransomware” that
renders the systems inoperable until appropriate actions are taken. In addition,
unintentional incidents can occur, such as the inadvertent release of
confidential information (possibly resulting in the violation of applicable
privacy laws).
A cybersecurity
breach could result in the loss or theft of customer data or funds, loss or
theft of proprietary information or corporate data, physical damage to a
computer or network system, or costs associated with system repairs. Such
incidents could cause a fund, the advisor, a manager, or other service providers
to incur regulatory penalties, reputational damage, additional compliance costs,
litigation costs or financial loss. In addition, such incidents could affect
issuers in which a fund invests, and thereby cause the fund’s investments to
lose value.
Cyber-events have the
potential to materially affect the fund and the advisor’s relationships with
accounts, shareholders, clients, customers,
9
Fund
details
employees, products,
and service providers. The fund has established risk management systems
reasonably designed to seek to reduce the risks associated with cyber-events.
There is no guarantee that the fund will be able to prevent or mitigate the
impact of any or all cyber-events.
The fund is exposed
to operational risk arising from a number of factors, including, but not limited
to, human error, processing and communication errors, errors of the fund’s
service providers, counterparties, or other third parties, failed or inadequate
processes and technology or system failures.
In addition, other
disruptive events, including (but not limited to) natural disasters and public
health crises (such as the coronavirus (COVID-19) pandemic), may adversely
affect the fund’s ability to conduct business, in particular if the fund’s
employees or the employees of its service providers are unable or unwilling to
perform their responsibilities as a result of any such event. Even if the fund’s
employees and the employees of its service providers are able to work remotely,
those remote work arrangements could result in the fund’s business operations
being less efficient than under normal circumstances, could lead to delays in
its processing of transactions, and could increase the risk of
cyber-events.
Sector
risk
When a fund’s
investments are focused in one or more sectors of the economy, they are less
broadly invested across industries or sectors than other funds. This means that
focused funds tend to be more volatile than other funds, and the values of their
investments tend to go up and down more rapidly. In addition, a fund that
invests in particular sectors is particularly susceptible to the impact of
market, economic, political, regulatory, and other conditions and risks
affecting those sectors. From time to time, a small number of companies may
represent a large portion of a single sector or a group of related sectors as a
whole.
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.
Who’s
who
The following are the
names of the various entities involved with the fund’s investment and business
operations, along with brief descriptions of the role each entity
performs.
Board
of Trustees
The Trustees oversee the fund’s
business activities and retain the services of the various firms that carry out
the fund's operations.
Investment
advisor
The investment
advisor manages the fund's business and investment activities.
John
Hancock Investment Management LLC
200 Berkeley Street
Boston, MA 02116
200 Berkeley Street
Boston, MA 02116
Founded in 1968, 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.
The advisor’s parent company has been
helping individuals and institutions work toward their financial goals since
1862. The advisor offers investment solutions managed by leading institutional
money managers, taking a disciplined team approach to portfolio management and
research, leveraging the expertise of seasoned investment professionals. As of
March 31, 2023 the advisor had total assets under management of approximately
$149.8 billion.
Subject to general
oversight by the Board of Trustees, the advisor manages and supervises the
investment operations and business affairs of the fund. The advisor selects,
contracts with and compensates one or more subadvisors to manage all or a
portion of the fund’s portfolio assets, subject to oversight by the advisor. In
this role, the advisor has supervisory responsibility for managing the
investment and reinvestment of the fund's portfolio assets through proactive
oversight and monitoring of the subadvisor and the fund, as described in further
detail below. The advisor is responsible for developing overall investment
strategies for the fund and overseeing and implementing the fund's continuous
investment programs and provides a variety of advisory oversight and investment
research services. The advisor also provides management and transition services
associated with certain fund events (e.g., strategy, portfolio manager, or
subadvisor changes) and coordinates and oversees services provided under other
agreements.
The advisor has
ultimate responsibility to oversee a subadvisor and recommend to the Board of
Trustees its hiring, termination, and replacement. In this capacity, the
advisor, among other things: (i) monitors on a daily basis the compliance of the
subadvisor with the investment objectives and related policies of the fund; (ii)
monitors significant changes that may impact the subadvisor's overall business
and regularly performs due diligence reviews of the subadvisor; (iii) reviews
the performance of the subadvisor; and (iv) reports periodically on such
performance to the Board of Trustees. The advisor employs a team of investment
professionals who provide these ongoing research and monitoring
services.
The fund relies on an
order from the Securities and Exchange Commission (SEC) permitting the advisor,
subject to approval by the Board of Trustees, to appoint a subadvisor or change
the terms of a subadvisory agreement without obtaining shareholder approval. The
fund, therefore, is able to change subadvisors or the fees paid to a subadvisor,
from time to time, without the expense and delays associated with obtaining
shareholder approval of the change. This order does not,
10
Fund
details
however, permit the
advisor to appoint a subadvisor that is an affiliate of the advisor or the fund
(other than by reason of serving as a subadvisor to the fund), or to increase
the subadvisory fee of an affiliated subadvisor, without the approval of the
shareholders.
Management
fee
The fund pays the
advisor a management fee for its services to the fund. The advisor in turn pays
the fees of the subadvisor. The management fee is stated as an annual percentage
of the aggregate net assets of the fund (together with the assets of any other
applicable fund identified in the advisory agreement) determined in accordance
with the following schedule, and that rate is applied to the average daily net
assets of the fund.
|
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 |
During its most recent fiscal period,
the fund paid the advisor a management fee equal to 0.70% of average daily net
assets (including any waivers and/or reimbursements).
The basis for the
Board of Trustees’ approval of the advisory fees, and of the investment advisory
agreement overall, including the subadvisory agreement, is discussed in the
fund’s most recent semiannual shareholder report for the period ended September
30.
Additional
information about fund expenses
The fund’s annual operating expenses
will likely vary throughout the period and from year to year. The fund’s
expenses for the current fiscal year may be higher than the expenses listed in
the fund’s “Annual fund operating expenses” table, for some of the following
reasons: (i) a significant decrease in average net assets may result in a higher
advisory fee rate if any advisory fee breakpoints are not achieved; (ii) a
significant decrease in average net assets may result in an increase in the
expense ratio because certain fund expenses do not decrease as asset levels
decrease; or (iii) fees may be incurred for extraordinary events such as fund
tax expenses.
The advisor
voluntarily agrees to reduce its management fee for the fund, or if necessary
make payment to the fund, in an amount equal to the amount by which the expenses
of the fund exceed 0.20% of the average net assets of the fund. For purposes of
this agreement, “expenses of the fund” means all the expenses of the fund,
excluding (a) taxes, (b) 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) advisory fees, (f)
class-specific expenses, (g) borrowing costs, (h) prime brokerage fees, (i)
acquired fund fees and expenses paid indirectly, and (j) short dividend expense.
This agreement will continue in effect until terminated at any time by the
advisor on notice to the fund.
Subadvisor
The subadvisor
handles the fund's portfolio management activities, subject to oversight by the
advisor.
Boston
Partners Global Investors, Inc.
One Beacon Street
30th Floor
Boston, MA 02108
One Beacon Street
30th Floor
Boston, MA 02108
Boston Partners Global Investors,
Inc. (Boston Partners) is an indirect, wholly owned subsidiary of ORIX
Corporation of Japan. As of March 31, 2023, Boston Partners had approximately
$88.3 billion assets under management.
The following are
brief biographical profiles of the leaders of the fund’s investment management
team, in alphabetical order. These managers are jointly and primarily
responsible for the day-to-day management of the fund’s portfolio. These
managers are employed by Boston Partners. For more details about these
individuals, including information about their compensation, other accounts they
manage, and any investments they may have in the fund, see the SAI.
Timothy P.
Collard
•
Portfolio Manager
•
Managed the fund since
2023
•
Portfolio Manager, Boston
Partners
•
Joined Boston Partners in
2018
•
Began investment career in
2004
Joseph F. Feeney,
Jr., CFA1
•
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
Steven
L. Pollack, CFA
•
Portfolio Manager
•
Managed the fund since 2010 and its
predecessor since 2001
•
Senior Portfolio
Manager, Boston Partners
•
Joined Boston
Partners in 2000
•
Began investment
career in 1984
1
Effective December 31, 2023, Joseph
F. Feeney, Jr. will no longer serve as a portfolio manager of the
fund.
Custodian
The custodian holds
the fund's assets, settles all portfolio trades, and collects most of the
valuation data required for calculating the fund’s net asset value.
State Street Bank
and Trust Company
One Congress Street, Suite 1
Boston, MA 02114
One Congress Street, Suite 1
Boston, MA 02114
11
Fund
details
Principal
distributor
The principal
distributor markets the fund and distributes shares through selling brokers,
financial planners, and other financial professionals.
John
Hancock Investment Management Distributors LLC
200 Berkeley Street
Boston, MA 02116
200 Berkeley Street
Boston, MA 02116
Transfer
agent
The transfer agent
handles shareholder services, including recordkeeping and statements,
distribution of dividends, and processing of buy-and-sell requests.
John
Hancock Signature Services, Inc.
P.O. Box 219909
Kansas City, MO 64121-9909
P.O. Box 219909
Kansas City, MO 64121-9909
Additional
information
The fund has entered
into contractual arrangements with various parties that provide services to the
fund, which may include, among others, the advisor, subadvisor, custodian,
principal distributor, and transfer agent, as described above and in the SAI.
Fund shareholders are not parties to, or intended or “third-party” beneficiaries
of, any of these contractual arrangements. These contractual arrangements are
not intended to, nor do they, create in any individual shareholder or group of
shareholders any right, either directly or on behalf of the fund, to either: (a)
enforce such contracts against the service providers; or (b) seek any remedy
under such contracts against the service providers.
The advisor
internally credits a portion of its profits to an affiliated business, John
Hancock Retirement (JHR), which is the record keeper for certain 401(k) plans
that invest in Class R6 shares. JHR may reduce the record keeping fees paid to
it by such 401(k) plans by a commensurate amount. JHR may discontinue this
practice with adequate notice to plan sponsors.
This prospectus
provides information concerning the fund that you should consider in determining
whether to purchase shares of the fund. Each of this prospectus, the SAI, or any
contract that is an exhibit to the fund's registration statement, is not
intended to, nor does it, give rise to an agreement or contract between the fund
and any investor. Each such document also does not give rise to any contract or
create rights in any individual shareholder, group of shareholders, or other
person. The foregoing disclosure should not be read to suggest any waiver of any
rights conferred by federal or state securities laws.
12
Fund
details
Financial
highlights
These tables detail the financial
performance of each share class described in this prospectus, including total
return information showing how much an investment in the fund has increased or
decreased for the periods shown below (assuming reinvestment of all dividends
and distributions). Certain information reflects financial results for a single
fund share.
The financial statements of the fund
as of March 31, 2023, have been audited by PricewaterhouseCoopers LLP (PwC), the
fund's independent registered public accounting firm. The report of PwC, along
with the fund's financial statements in the fund’s annual report for the fiscal
period ended March 31, 2023, has been incorporated by reference into the SAI.
Copies of the fund’s most recent annual report are available upon
request.
|
Disciplined
Value Mid Cap Fund Class A Shares |
|
|
|
|
|
|
Per
share operating performancePeriod
ended |
3-31-23 |
3-31-22 |
3-31-21 |
3-31-20 |
3-31-19 |
|
Net
asset value, beginning of period |
$26.25 |
$25.33 |
$14.91 |
$19.08 |
$22.35 |
|
Net
investment income1 |
0.20 |
0.09 |
0.10 |
0.14 |
0.12 |
|
Net realized
and unrealized gain (loss) on investments |
(1.69
) |
2.60 |
10.54 |
(3.83
) |
(1.01
) |
|
Total
from investment operations |
(1.49
) |
2.69 |
10.64 |
(3.69
) |
(0.89
) |
|
Less
distributions |
|
|
|
|
|
|
From net
investment income |
(0.19
) |
(0.07
) |
(0.14
) |
(0.14
) |
(0.13
) |
|
From net
realized gain |
(1.03
) |
(1.70
) |
(0.08
) |
(0.34
) |
(2.25
) |
|
Total
distributions |
(1.22
) |
(1.77
) |
(0.22
) |
(0.48
) |
(2.38
) |
|
Net
asset value, end of period |
$23.54 |
$26.25 |
$25.33 |
$14.91 |
$19.08 |
|
Total
return (%)2,3 |
(5.53
) |
10.91 |
71.55 |
(20.06
) |
(2.98
) |
|
Ratios
and supplemental data |
|
|
|
|
|
|
Net assets,
end of period (in millions) |
$1,363 |
$1,486 |
$1,204 |
$782 |
$1,184 |
|
Ratios
(as a percentage of average net assets): |
|
|
|
|
|
|
Expenses
before reductions |
1.12 |
1.11 |
1.12 |
1.12 |
1.11 |
|
Expenses
including reductions |
1.11 |
1.10 |
1.11 |
1.12 |
1.10 |
|
Net
investment income |
0.83 |
0.34 |
0.52 |
0.70 |
0.58 |
|
Portfolio
turnover (%) |
41 |
26 |
52
4 |
54 |
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. |
13
Fund
details
|
Disciplined
Value Mid Cap Fund Class C Shares |
|
|
|
|
|
|
Per
share operating performancePeriod
ended |
3-31-23 |
3-31-22 |
3-31-21 |
3-31-20 |
3-31-19 |
|
Net
asset value, beginning of period |
$26.14 |
$25.34 |
$14.94 |
$19.13 |
$22.42 |
|
Net
investment income (loss)1 |
0.02 |
(0.12
) |
(0.05
) |
(0.01
) |
(0.04
) |
|
Net realized
and unrealized gain (loss) on investments |
(1.68
) |
2.62 |
10.53 |
(3.84
) |
(1.00
) |
|
Total
from investment operations |
(1.66
) |
2.50 |
10.48 |
(3.85
) |
(1.04
) |
|
Less
distributions |
|
|
|
|
|
|
From net
realized gain |
(1.03
) |
(1.70
) |
(0.08
) |
(0.34
) |
(2.25
) |
|
Net
asset value, end of period |
$23.45 |
$26.14 |
$25.34 |
$14.94 |
$19.13 |
|
Total
return (%)2,3 |
(6.22
) |
10.12 |
70.20 |
(20.63
) |
(3.72
) |
|
Ratios
and supplemental data |
|
|
|
|
|
|
Net assets,
end of period (in millions) |
$56 |
$62 |
$92 |
$107 |
$182 |
|
Ratios
(as a percentage of average net assets): |
|
|
|
|
|
|
Expenses
before reductions |
1.87 |
1.86 |
1.87 |
1.87 |
1.86 |
|
Expenses
including reductions |
1.86 |
1.85 |
1.86 |
1.87 |
1.85 |
|
Net
investment income (loss) |
0.08 |
(0.46
) |
(0.23
) |
(0.07
) |
(0.19
) |
|
Portfolio
turnover (%) |
41 |
26 |
52
4 |
54 |
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 |
3-31-23 |
3-31-22 |
3-31-21 |
3-31-20 |
3-31-19 |
|
Net
asset value, beginning of period |
$27.55 |
$26.49 |
$15.58 |
$19.91 |
$23.22 |
|
Net
investment income1 |
0.27 |
0.16 |
0.16 |
0.20 |
0.18 |
|
Net realized
and unrealized gain (loss) on investments |
(1.78
) |
2.74 |
11.02 |
(4.00
) |
(1.06
) |
|
Total
from investment operations |
(1.51
) |
2.90 |
11.18 |
(3.80
) |
(0.88
) |
|
Less
distributions |
|
|
|
|
|
|
From net
investment income |
(0.25
) |
(0.14
) |
(0.19
) |
(0.19
) |
(0.18
) |
|
From net
realized gain |
(1.03
) |
(1.70
) |
(0.08
) |
(0.34
) |
(2.25
) |
|
Total
distributions |
(1.28
) |
(1.84
) |
(0.27
) |
(0.53
) |
(2.43
) |
|
Net
asset value, end of period |
$24.76 |
$27.55 |
$26.49 |
$15.58 |
$19.91 |
|
Total
return (%)2 |
(5.31
) |
11.23 |
71.97 |
(19.84
) |
(2.79
) |
|
Ratios
and supplemental data |
|
|
|
|
|
|
Net assets,
end of period (in millions) |
$13,215 |
$14,847 |
$11,932 |
$6,349 |
$7,784 |
|
Ratios
(as a percentage of average net assets): |
|
|
|
|
|
|
Expenses
before reductions |
0.87 |
0.86 |
0.87 |
0.87 |
0.88 |
|
Expenses
including reductions |
0.86 |
0.85 |
0.86 |
0.87 |
0.87 |
|
Net
investment income |
1.08 |
0.59 |
0.78 |
0.97 |
0.82 |
|
Portfolio
turnover (%) |
41 |
26 |
52
3 |
54 |
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. |
14
Fund
details
|
Disciplined
Value Mid Cap Fund Class R2 Shares |
|
|
|
|
|
|
Per
share operating performancePeriod
ended |
3-31-23 |
3-31-22 |
3-31-21 |
3-31-20 |
3-31-19 |
|
Net
asset value, beginning of period |
$27.41 |
$26.37 |
$15.53 |
$19.85 |
$23.14 |
|
Net
investment income1 |
0.17 |
0.05 |
0.08 |
0.11 |
0.09 |
|
Net realized
and unrealized gain (loss) on investments |
(1.76
) |
2.73 |
10.96 |
(3.98
) |
(1.04
) |
|
Total
from investment operations |
(1.59
) |
2.78 |
11.04 |
(3.87
) |
(0.95
) |
|
Less
distributions |
|
|
|
|
|
|
From net
investment income |
(0.15
) |
(0.04
) |
(0.12
) |
(0.11
) |
(0.09
) |
|
From net
realized gain |
(1.03
) |
(1.70
) |
(0.08
) |
(0.34
) |
(2.25
) |
|
Total
distributions |
(1.18
) |
(1.74
) |
(0.20
) |
(0.45
) |
(2.34
) |
|
Net
asset value, end of period |
$24.64 |
$27.41 |
$26.37 |
$15.53 |
$19.85 |
|
Total
return (%)2 |
(5.65
) |
10.78 |
71.23 |
(20.14
) |
(3.14
) |
|
Ratios
and supplemental data |
|
|
|
|
|
|
Net assets,
end of period (in millions) |
$89 |
$103 |
$106 |
$77 |
$131 |
|
Ratios
(as a percentage of average net assets): |
|
|
|
|
|
|
Expenses
before reductions |
1.26 |
1.25 |
1.25 |
1.26 |
1.27 |
|
Expenses
including reductions |
1.25 |
1.24 |
1.24 |
1.25 |
1.26 |
|
Net
investment income |
0.68 |
0.18 |
0.39 |
0.54 |
0.41 |
|
Portfolio
turnover (%) |
41 |
26 |
52
3 |
54 |
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 performancePeriod
ended |
3-31-23 |
3-31-22 |
3-31-21 |
3-31-20 |
3-31-19 |
|
Net
asset value, beginning of period |
$27.51 |
$26.46 |
$15.57 |
$19.90 |
$23.20 |
|
Net
investment income1 |
0.24 |
0.12 |
0.14 |
0.17 |
0.15 |
|
Net realized
and unrealized gain (loss) on investments |
(1.77
) |
2.73 |
10.99 |
(4.00
) |
(1.05
) |
|
Total
from investment operations |
(1.53
) |
2.85 |
11.13 |
(3.83
) |
(0.90
) |
|
Less
distributions |
|
|
|
|
|
|
From net
investment income |
(0.22
) |
(0.10
) |
(0.16
) |
(0.16
) |
(0.15
) |
|
From net
realized gain |
(1.03
) |
(1.70
) |
(0.08
) |
(0.34
) |
(2.25
) |
|
Total
distributions |
(1.25
) |
(1.80
) |
(0.24
) |
(0.50
) |
(2.40
) |
|
Net
asset value, end of period |
$24.73 |
$27.51 |
$26.46 |
$15.57 |
$19.90 |
|
Total
return (%)2 |
(5.42
) |
11.06 |
71.69 |
(19.96
) |
(2.90
) |
|
Ratios
and supplemental data |
|
|
|
|
|
|
Net assets,
end of period (in millions) |
$133 |
$141 |
$130 |
$55 |
$74 |
|
Ratios
(as a percentage of average net assets): |
|
|
|
|
|
|
Expenses
before reductions |
1.11 |
1.10 |
1.11 |
1.11 |
1.12 |
|
Expenses
including reductions |
1.00 |
0.99 |
1.00 |
1.00 |
1.01 |
|
Net
investment income |
0.94 |
0.43 |
0.65 |
0.81 |
0.68 |
|
Portfolio
turnover (%) |
41 |
26 |
52
3 |
54 |
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. |
15
Fund
details
|
Disciplined
Value Mid Cap Fund Class R6 Shares |
|
|
|
|
|
|
Per
share operating performancePeriod
ended |
3-31-23 |
3-31-22 |
3-31-21 |
3-31-20 |
3-31-19 |
|
Net
asset value, beginning of period |
$27.54 |
$26.48 |
$15.58 |
$19.90 |
$23.21 |
|
Net
investment income1 |
0.30 |
0.19 |
0.18 |
0.23 |
0.21 |
|
Net realized
and unrealized gain (loss) on investments |
(1.78
) |
2.74 |
11.01 |
(4.00
) |
(1.07
) |
|
Total
from investment operations |
(1.48
) |
2.93 |
11.19 |
(3.77
) |
(0.86
) |
|
Less
distributions |
|
|
|
|
|
|
From net
investment income |
(0.28
) |
(0.17
) |
(0.21
) |
(0.21
) |
(0.20
) |
|
From net
realized gain |
(1.03
) |
(1.70
) |
(0.08
) |
(0.34
) |
(2.25
) |
|
Total
distributions |
(1.31
) |
(1.87
) |
(0.29
) |
(0.55
) |
(2.45
) |
|
Net
asset value, end of period |
$24.75 |
$27.54 |
$26.48 |
$15.58 |
$19.90 |
|
Total
return (%)2 |
(5.21
) |
11.36 |
72.06 |
(19.72
) |
(2.66
) |
|
Ratios
and supplemental data |
|
|
|
|
|
|
Net assets,
end of period (in millions) |
$4,866 |
$4,768 |
$3,778 |
$2,546 |
$2,994 |
|
Ratios
(as a percentage of average net assets): |
|
|
|
|
|
|
Expenses
before reductions |
0.76 |
0.75 |
0.76 |
0.76 |
0.77 |
|
Expenses
including reductions |
0.75 |
0.75 |
0.75 |
0.76 |
0.76 |
|
Net
investment income |
1.20 |
0.69 |
0.88 |
1.08 |
0.96 |
|
Portfolio
turnover (%) |
41 |
26 |
52
3 |
54 |
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. |
16
Your
account
Choosing
an eligible share class
Class A, Class C,
Class R2, and Class R4 shares have a Rule 12b-1 plan that allows the class to
pay fees for the sale, distribution, and service of its shares. Class I and
Class R6 shares do not have a Rule 12b-1 plan. Your financial professional can
help you decide which share class you are eligible to buy and is best for you.
Each class’s eligibility guidelines are described below.
Class
A shares
Class A shares are
not available to group retirement plans that do not currently hold Class A
shares of the fund and that are eligible to invest in Class I shares or any of
the R share classes, except as provided below. Such group retirement plans
include defined benefit plans, 401(k) plans, 457 plans, 403(b)(7) plans, pension
and profit-sharing plans, and nonqualified deferred compensation plans.
Individual retirement accounts (IRAs), Roth IRAs, SIMPLE IRAs, individual
(“solo” or “single”) 401(k) plans, individual profit sharing plans, individual
403(b) plans, individual defined benefit plans, simplified employee pensions
(SEPs), SAR-SEPs, 529 tuition programs and Coverdell Educational Savings
Accounts are not considered group retirement plans and are not subject to this
restriction on the purchase of Class A shares.
Investment in Class A
shares by such group retirement plans will be permitted in the following
circumstances:
•
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.
Class
C shares
The maximum amount
you may invest in Class C shares with any single purchase is $999,999.99. John
Hancock Signature Services, Inc. (Signature Services), the transfer agent for
the fund, may accept a purchase request for Class C shares for $1,000,000 or
more when the purchase is pursuant to the reinstatement privilege (see “Sales
charge reductions and waivers”). Class C shares automatically convert to Class A
shares after eight years, provided that the fund or the financial intermediary
through which a shareholder purchased or holds Class C shares has records
verifying that the Class C shares have been held for at least eight years. Group
retirement plan recordkeeping platforms of certain intermediaries that hold
Class C shares with the fund in an
omnibus account do
not track participant level share lot aging and, as such, these Class C shares
would not satisfy the conditions for the automatic Class C to Class A
conversion.
Class
I shares
Class I shares are
offered without any sales charge to the following types of investors if they
also meet the minimum initial investment requirement for purchases of Class I
shares (see “Opening an account”):
•
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
Class
R2 and Class R4 shares
Class R2 and Class R4
shares are available to certain types of investors, as noted below:
•
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)
Except
as noted above, Class R2 and Class R4 shares are not available to retail or
institutional non-retirement accounts, Traditional and Roth IRAs, Coverdell
Education Savings Accounts, SEPs, SARSEPs, SIMPLE IRAs, individual 403(b) plans,
or other individual retirement accounts.
Class
R6 shares
Class R6 shares are
offered without any sales charge and are generally made available to the
following types of investors if they also meet the
17
Your
account
minimum initial
investment requirement for purchases of Class R6 shares. (See “Opening an
account.”)
•
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
Class R6 shares may
not be available through certain investment dealers.
The availability of
Class R6 shares for qualified plan investors will depend upon the policies of
your financial intermediary and/or the recordkeeper for your qualified
plan.
Class R6 shares also
are generally available only to qualified plan investors where plan level or
omnibus accounts are held on the books of the fund.
Class R6 shares are
not available to retail non-retirement accounts, Traditional and Roth individual
retirement accounts (IRAs), Coverdell Education Savings Accounts, SEPs, SARSEPs,
SIMPLE IRAs, and 529 college savings plans.
Class
cost structure
Class
A shares
•
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
Class
C shares
•
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)
Class
I shares
•
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
Class
R2 shares
•
No front-end or
deferred sales charges; all your money goes to work for you right
away
•
Rule 12b-1 fees of
0.25%
Class
R4 shares
•
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, 2024)
Class
R6 shares
•
No front-end or
deferred sales charges; all your money goes to work for you right
away
•
No Rule 12b-1
fees
Rule
12b-1 fees
Rule 12b-1 fees will
be paid to the fund’s distributor, John Hancock Investment Management
Distributors LLC, and may be used by the distributor for expenses relating to
the sale, distribution of, and shareholder or administrative services for
holders of the shares of the class, and for the payment of service fees that
come within Rule 2341 of the Conduct Rules of the Financial Industry Regulatory
Authority (FINRA).
Because
Rule 12b-1 fees are paid out of the fund’s assets on an ongoing basis, over time
they will increase the cost of your investment and may cost shareholders more
than other types of sales charges.
Your
broker-dealer or agent may charge you a fee to effect transactions in fund
shares. Other share classes of the fund, which have their own expense structure,
may be offered in separate prospectuses.
Class
R service plan
In addition to the Rule 12b-1 plans,
the fund has adopted service plans for Class R2 and Class R4 shares that
authorize the fund to pay affiliated and unaffiliated entities a service fee for
providing certain recordkeeping and other administrative services in connection
with investments in the fund by retirement plans. The service fee is a specified
percentage of the average daily net assets of the fund’s share class held by
plan participants and is up to 0.25% for Class R2 shares and 0.10% for Class R4
shares.
The performance and
expense information included in this prospectus does not reflect fees and
expenses of any plan that may use a fund as its underlying investment option. If
such fees and expenses had been reflected, performance would be
lower.
Additional
payments to financial intermediaries
Class A, Class C,
Class R2, and Class R4 shares of the fund are primarily sold through financial
intermediaries, such as brokers, banks, registered
18
Your
account
investment advisors,
financial planners, and retirement plan administrators. These firms may be
compensated for selling shares of the fund in two principal ways:
•
directly, by the
payment of sales commissions, if any; and
•
indirectly, as a
result of the fund paying Rule 12b-1 fees.
Class I shares do not
carry sales commissions or pay Rule 12b-1 fees. 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 dealer
compensation is paid from fund assets on sales of Class R6 shares. Class R6
shares do not carry sales commissions, pay Rule 12b-1 fees, or make payments to
financial intermediaries to assist in the distributor’s efforts to promote the
sale of the fund’s shares. Neither the fund nor its affiliates make any type of
administrative or service payments in connection with investments in Class R6
shares.
Except with respect
to Class R6 shares, certain firms may request, and the distributor may agree to
make, payments in addition to sales commissions and Rule 12b-1 fees, if
applicable, out of the distributor’s own resources.
These additional
payments are sometimes referred to as revenue sharing. These payments assist in
the distributor’s efforts to promote the sale of the fund’s shares. The
distributor agrees with the firm on the methods for calculating any additional
compensation, which may include the level of sales or assets attributable to the
firm. Not all firms receive additional compensation, and the amount of
compensation varies. These payments could be significant to a firm. The
distributor determines which firms to support and the extent of the payments it
is willing to make. The distributor generally chooses to compensate firms that
have a strong capability to distribute shares of the fund and that are willing
to cooperate with the distributor’s promotional efforts.
The distributor hopes
to benefit from revenue sharing by increasing the fund’s net assets, which, as
well as benefiting the fund, would result in additional management and other
fees for the advisor and its affiliates. In consideration for revenue sharing, a
firm may feature the fund in its sales system or give preferential access to
members of its sales force or management. In addition, the firm may agree to
participate in the distributor’s marketing efforts by allowing the distributor
or its affiliates to participate in conferences, seminars, or other programs
attended by the intermediary’s sales force. Although an intermediary may seek
revenue-sharing payments to offset costs incurred by the firm in servicing its
clients who have invested in the fund, the intermediary may earn a profit on
these payments. Revenue-sharing payments may provide your firm with an incentive
to favor the fund.
The SAI discusses the
distributor’s revenue-sharing arrangements in more detail. Your intermediary may
charge you additional fees other than those disclosed in this prospectus. You
can ask your firm about any payments it receives from the distributor or the
fund, as well as about fees and/or commissions it charges.
The distributor,
advisor, and their affiliates may have other relationships with your firm
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. If your intermediary provides these services, the
advisor or the fund may compensate the intermediary for these services. In
addition, your intermediary may have other compensated relationships with the
advisor or its affiliates that are not related to the fund.
How
sales charges for Class A and Class C shares are calculated
Class
A sales charges are as follows:
|
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.
You may qualify for a
reduced Class A sales charge if you own or are purchasing Class A, Class C,
Class I, Class R2, Class R4, Class R5, or Class R6 shares of a John Hancock
open-end mutual fund. To
receive the reduced sales charge, you must tell your broker or financial
professional at the time you purchase the fund’s Class A shares about any other
John Hancock mutual funds held by you, your spouse, or your children under the
age of 21. This includes
investments held in an individual retirement account, in an employee benefit
plan, or with a broker or financial professional other than the one handling
your current purchase. John Hancock will credit the combined value, at the
current offering price, of all eligible accounts to determine whether you
qualify for a reduced sales charge on your current purchase. You may need to
provide documentation for these accounts, such as an account statement. For more
information about sales charges, reductions, and waivers, you may visit the
fund’s website at jhinvestments.com, which includes hyperlinks to facilitate
access to this information. You may also consult your broker or financial
professional, or refer to the section entitled “Sales Charges on Class A and
Class C Shares” in the fund’s SAI. You may request an SAI from your broker or
financial professional by accessing the fund’s website at jhinvestments.com or
by calling Signature Services at 800-225-5291.
Investments
of $1 million or more
Class A shares are
available with no front-end sales charge on investments of $1 million or more.
There is a CDSC on any Class A shares upon which a commission or finder’s fee
was paid that are sold within one year of purchase, as follows:
Class
A deferred charges on investments of $1 million or more
|
Years
after purchase |
CDSC
(%) |
|
1st
year |
1.00 |
|
After
1st
year |
None |
For
purposes of this CDSC, all purchases made during a calendar month are counted as
having been made on the first day of that month.
19
Your
account
The CDSC is based on
the lesser of the original purchase cost or the current market value of the
shares being sold, and is not charged on shares you acquired by reinvesting your
dividends. To keep your CDSC as low as possible, each time you place a request
to sell shares, we will first sell any shares in your account that are not
subject to a CDSC.
Class
C shares
Shares are offered at
their net asset value per share, without any initial sales charge.
A CDSC may be charged
if a commission has been paid and you sell Class C shares within a certain time
after you bought them, as described in the table below. There is no CDSC on
shares acquired through reinvestment of dividends. The CDSC is based on the
original purchase cost or the current market value of the shares being sold,
whichever is less. The CDSC is as follows:
Class
C deferred charges
|
Years
after purchase |
CDSC
(%) |
|
1st
year |
1.00 |
|
After
1st
year |
None |
For
purposes of this CDSC, all purchases made during a calendar month are counted as
having been made on the first day of that month.
To
keep your CDSC as low as possible, each time you place a request to sell shares,
we will first sell any shares in your account that carry no CDSC.
Sales
charge reductions and waivers
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).
Reducing
your Class A sales charges
There are several
ways you can combine multiple purchases of shares of John Hancock funds to take
advantage of the breakpoints in the sales charge schedule. The first three ways
can be combined in any manner.
•
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
utilize any reduction, you must complete the appropriate section of your
application, or contact your financial professional or Signature Services.
Consult the SAI for additional details (see the back cover of this
prospectus).
Group
investment program
A group may be
treated as a single purchaser under the accumulation and combination privileges.
Each investor has an individual account, but the group’s investments are lumped
together for sales charge purposes, making the investors potentially eligible
for reduced sales charges. There is no charge or obligation to invest (although
initial investments per account opened must satisfy minimum initial investment
requirements specified in the section entitled “Opening an account”), and
individual investors may close their accounts at any time.
To
utilize this program, you must contact your financial professional or Signature
Services to find out how to qualify. Consult the SAI for additional details (see
the back cover of this prospectus).
CDSC
waivers
As long as Signature
Services is notified at the time you sell, any CDSC for Class A or Class C
shares will be waived in the following cases, as applicable:
•
to make payments
through certain systematic withdrawal plans
•
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 by a
group retirement plan that continues to offer the same or another John Hancock
mutual fund as an investment to its participants
•
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
To
utilize a waiver, you must contact your financial professional or Signature
Services. Consult the SAI for additional details (see the back cover of this
prospectus). Please note, these waivers are distinct from those described in
Appendix 1, “Intermediary sales charge waivers.”
20
Your
account
Reinstatement
privilege
If you sell shares of
a John Hancock fund, you may reinvest some or all of the proceeds back into the
same share class of the same fund and account from which it was removed, within
120 days without a sales charge, subject to fund minimums, as long as Signature
Services or your financial professional is notified before you reinvest. If you
paid a CDSC when you sold your shares, you will be credited with the amount of
the CDSC. Consult the SAI for additional details.
To
utilize this privilege, you must contact your financial professional or
Signature Services. Consult the SAI for additional details (see the back cover
of this prospectus).
Waivers
for certain investors
Class A shares may be
offered without front-end sales charges or CDSCs to the following individuals
and institutions:
•
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
•
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.
To
utilize a waiver, you must contact your financial professional or Signature
Services. Consult the SAI for additional details (see the
21
Your
account
back
cover of this prospectus). Please note, these waivers are distinct from those
described in Appendix 1, “Intermediary sales charge waivers.”
Other
waivers
Front-end sales
charges and CDSCs are not imposed in connection with the following
transactions:
•
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.
Opening
an account
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.
Important
information about opening a new account
To help the
government fight the funding of terrorism and money laundering activities, the
Uniting and Strengthening America by Providing Appropriate Tools Required to
Intercept and Obstruct Terrorism Act of 2001 (USA PATRIOT Act) requires all
financial institutions to obtain, verify, and record information that identifies
each person or entity that opens an account.
For
individual investors opening an account.
When you open an
account, you will be asked for your name, residential address, date of birth,
and Social Security number.
For
investors other than individuals.
When you open an
account, you will be asked for the name of the entity, its principal place of
business, and taxpayer identification number (TIN), and you may be requested to
provide information on persons with authority or control over the account,
including, but not limited to, name, residential address, date of birth, and
Social Security number. You may also be asked to provide documents, such as
articles of incorporation, trust instruments, or partnership agreements, and
other information that will help Signature Services identify the entity. Please
see the mutual fund account application for more details.
Information
for plan participants
Plan participants
generally must contact their plan service provider to purchase, redeem, or
exchange shares. The administrator of a retirement plan or employee benefits
office can provide participants with detailed
22
Your
account
information on how to
participate in the plan, elect a fund as an investment option, elect different
investment options, alter the amounts contributed to the plan, or change
allocations among investment options. For questions about participant accounts,
participants should contact their employee benefits office, the plan
administrator, or the organization that provides recordkeeping services for the
plan.
Financial service
firms may provide some of the shareholder servicing and account maintenance
services required by retirement plan accounts and their plan participants,
including transfers of registration, dividend payee changes, and generation of
confirmation statements, and may arrange for plan administrators to provide
other investment or administrative services. Financial service firms may charge
retirement plans and plan participants transaction fees and/or other additional
amounts for such services. Similarly, retirement plans may charge plan
participants for certain expenses. These fees and additional amounts could
reduce an investment return in the fund.
23
Your
account
Buying
shares
Class
A and Class C shares
|
Opening
an account |
Adding
to an account |
|
By
check | |
|
•Make out a
check for the investment amount, payable to “John Hancock
Signature
Services, Inc.”
•Deliver
the check and your completed application to your financial
professional
or mail them to Signature Services (address below). |
•Make out a
check for the investment amount, payable to “John Hancock
Signature
Services, Inc.”
•Fill out
the detachable investment slip from an account statement. If no
slip is
available, include a note specifying the fund name, the share
class, your
account number, and the name(s) in which the account is
registered.
•Deliver
the check and your investment slip or note to your financial
professional,
or mail them to Signature Services (address
below). |
|
By
exchange | |
|
•Call your
financial professional or Signature Services to request an
exchange. |
•Log on to
the website below to process exchanges between funds.
•Call
EASI-Line for automated service.
•Call your
financial professional or Signature Services to request an
exchange. |
|
By
wire | |
|
•Deliver
your completed application to your financial professional or
mail it to
Signature Services.
•Obtain
your account number by calling your financial professional or
Signature
Services.
•Obtain
wiring instructions by calling Signature Services.
•Instruct
your bank to wire the amount of your investment. Specify the
fund name,
the share class, your account number, and the name(s) in
which the
account is registered. Your bank may charge a fee to wire
funds. |
•Obtain
wiring instructions by calling Signature Services.
•Instruct
your bank to wire the amount of your investment. Specify the
fund name,
the share class, your account number, and the name(s) in
which the
account is registered. Your bank may charge a fee to wire
funds. |
|
By
internet | |
|
•See “By
exchange” and “By wire.” |
•Verify
that your bank or credit union is a member of the Automated
Clearing
House (ACH) system.
•Complete
the “Bank information” section on your account application.
•Log on to
the website below to initiate purchases using your authorized
bank
account. |
|
By
phone | |
|
•See “By
exchange” and “By wire.” |
•Verify
that your bank or credit union is a member of the ACH system.
•Complete
the “To purchase, exchange, or redeem shares via telephone”
and “Bank
information” sections on your account application.
•Call
EASI-Line for automated service.
•Call your
financial professional or call Signature Services between 8:00
a.m. and 7:00
p.m.,
Monday–Thursday, and on Friday, between 8:00 a.m.
and 6:00
p.m., Eastern
time. |
|
To
add to an account using the Monthly Automatic Accumulation Program,
see
“Additional investor
services.” | |
|
Regular
mail |
Express
delivery |
Website |
EASI-Line |
Signature
Services, Inc. |
|
John
Hancock Signature
Services,
Inc.
P.O.
Box 219909
Kansas
City, MO 64121-9909 |
John
Hancock Signature
Services,
Inc.
430
W 7th Street
Suite
219909
Kansas
City, MO 64105-1407 |
jhinvestments.com |
(24/7
automated service)
800-338-8080 |
800-225-5291 |
24
Your
account
Buying
shares
Class
I shares
|
Opening
an account |
Adding
to an account |
|
By
check | |
|
•Make out a
check for the investment amount, payable to “John Hancock
Signature
Services, Inc.”
•Deliver
the check and your completed application to your financial
professional
or mail them to Signature Services (address below). |
•Make out a
check for the investment amount, payable to “John Hancock
Signature
Services, Inc.”
•If your
account statement has a detachable investment slip, please
complete it
in its entirety. If no slip is available, include a note
specifying
the fund name, your share class, your account number, and
the name(s)
in which the account is registered.
•Deliver
the check and your investment slip or note to your financial
professional,
or mail them to Signature Services (address
below). |
|
By
exchange | |
|
•Call your
financial professional or Signature Services to request an
exchange. |
•Log on to
the website below to process exchanges between funds.
•You may
exchange Class I shares for other Class I shares or John
Hancock
Money Market Fund Class A shares.
•Call your
financial professional or Signature Services to request an
exchange. |
|
By
wire | |
|
•Deliver
your completed application to your financial professional or
mail it to
Signature Services.
•Obtain
your account number by calling your financial professional or
Signature
Services.
•Obtain
wiring instructions by calling Signature Services.
•Instruct
your bank to wire the amount of your investment. Specify the
fund name,
the share class, your account number, and the name(s) in
which the
account is registered. Your bank may charge a fee to wire
funds. |
•Obtain
wiring instructions by calling Signature Services.
•Instruct
your bank to wire the amount of your investment. Specify the
fund name,
the share class, your account number, and the name(s) in
which the
account is registered. Your bank may charge a fee to wire
funds. |
|
By
internet | |
|
•See “By
exchange” and “By wire.” |
•Verify
that your bank or credit union is a member of the Automated
Clearing
House (ACH) system.
•Complete
the “Bank information” section on your account application.
•Log on to
the website below to initiate purchases using your authorized
bank
account. |
|
By
phone | |
|
•See “By
exchange” and “By wire.” |
•Verify
that your bank or credit union is a member of the ACH system.
•Complete
the “To purchase, exchange, or redeem shares via telephone”
and “Bank
information” sections on your account application.
•Call your
financial professional or call Signature Services between 8:30
a.m. and 5:00
p.m., Eastern
time, on most business days. |
|
Regular
mail |
Express
delivery |
Website |
Signature
Services, Inc. |
|
John
Hancock Signature Services, Inc.
P.O.
Box 219909
Kansas
City, MO 64121-9909 |
John
Hancock Signature Services, Inc.
430
W 7th Street
Suite
219909
Kansas
City, MO 64105-1407 |
jhinvestments.com |
888-972-8696 |
25
Your
account
Buying
shares
Class
R6 shares
|
Opening
an account |
Adding
to an account |
|
By
check | |
|
•Make out a
check for the investment amount, payable to “John Hancock
Signature
Services, Inc.”
•Deliver
the check and your completed application to your financial
professional
or mail them to Signature Services (address below). |
•Make out a
check for the investment amount, payable to “John Hancock
Signature
Services, Inc.”
•If your
account statement has a detachable investment slip, please
complete it
in its entirety. If no slip is available, include a note
specifying
the fund name, the share class, your account number, and
the name(s)
in which the account is registered.
•Deliver
the check and your investment slip or note to your financial
professional,
or mail them to Signature Services (address
below). |
|
By
exchange | |
|
•Call your
financial professional or Signature Services to request an
exchange. |
•Log on to
the website below to process exchanges between funds.
•You may
exchange Class R6 shares for other Class R6 shares or John
Hancock
Money Market Fund Class A shares.
•Call your
financial professional or Signature Services to request an
exchange. |
|
By
wire | |
|
•Deliver
your completed application to your financial professional or
mail it to
Signature Services.
•Obtain
your account number by calling your financial professional or
Signature
Services.
•Obtain
wiring instructions by calling Signature Services.
•Instruct
your bank to wire the amount of your investment. Specify the
fund name,
the share class, your account number, and the name(s) in
which the
account is registered. Your bank may charge a fee to wire
funds. |
•Obtain
wiring instructions by calling Signature Services.
•Instruct
your bank to wire the amount of your investment. Specify the
fund name,
the share class, your account number, and the name(s) in
which the
account is registered. Your bank may charge a fee to wire
funds. |
|
By
internet | |
|
•See “By
exchange” and “By wire.” |
•Verify
that your bank or credit union is a member of the Automated
Clearing
House (ACH) system.
•Complete
the “Bank information” section on your account application.
•Log on to
the website below to initiate purchases using your authorized
bank
account. |
|
By
phone | |
|
•See “By
exchange” and “By wire.” |
•Verify
that your bank or credit union is a member of the ACH system.
•Complete
the “To purchase, exchange, or redeem shares via telephone”
and “Bank
information” sections on your account application.
•Call your
financial professional or call Signature Services between 8:30
a.m. and 5:00
p.m., Eastern
time, on most business days. |
|
Regular
mail |
Express
delivery |
Website |
Signature
Services, Inc. |
|
John
Hancock Signature Services, Inc.
P.O.
Box 219909
Kansas
City, MO 64121-9909 |
John
Hancock Signature Services, Inc.
430
W 7th Street
Suite
219909
Kansas
City, MO 64105-1407 |
jhinvestments.com |
888-972-8696 |
26
Your
account
Selling
shares
Class
A and Class C shares
|
|
To
sell some or all of your shares |
|
By
letter | |
|
•Accounts
of any type
•Sales of
any amount |
•Write a
letter of instruction or complete a stock power indicating the
fund name,
the share class, your account number, the name(s) in which
the account
is registered, and the dollar value or number of shares you
wish to
sell.
•Include
all signatures and any additional documents that may be
required
(see the next page).
•Mail the
materials to Signature Services (address below).
•A check
will be mailed to the name(s) and address in which the account
is
registered, or otherwise according to your letter of
instruction. |
|
By
internet | |
|
•Most
accounts
•Sales of
up to $100,000 |
•Log on to
the website below to initiate redemptions from your
fund. |
|
By
phone | |
|
•Most
accounts
•Sales of
up to $100,000 |
•Call
EASI-Line for automated service.
•Call your
financial professional or call Signature Services between 8:00
a.m. and 7:00
p.m.,
Monday–Thursday, and on Friday, between 8:00 a.m.
and 6:00
p.m., Eastern
time. |
|
By
wire or electronic funds transfer (EFT) | |
|
•Requests
by letter to sell any amount
•Requests
by internet or phone to sell up to $100,000 |
•To verify
that the internet or telephone redemption privilege is in place
on an
account, or to request the form to add it to an existing account,
call
Signature Services.
•A $4 fee
will be deducted from your account. Your bank may also
charge a fee
for this service. |
|
By
exchange | |
|
•Accounts
of any type
•Sales of
any amount |
•Obtain a
current prospectus for the fund into which you are exchanging
by accessing
the fund’s website or by calling your financial professional
or Signature
Services.
•Log on to
the website below to process exchanges between your funds.
•Call
EASI-Line for automated service.
•Call your
financial professional or Signature Services to request an
exchange. |
|
To
sell shares through a systematic withdrawal plan, see “Additional
investor
services.” | |
|
Regular
mail |
Express
delivery |
Website |
EASI-Line |
Signature
Services, Inc. |
|
John
Hancock Signature
Services,
Inc.
P.O.
Box 219909
Kansas
City, MO 64121-9909 |
John
Hancock Signature
Services,
Inc.
430
W 7th Street
Suite
219909
Kansas
City, MO 64105-1407 |
jhinvestments.com |
(24/7
automated service)
800-338-8080 |
800-225-5291 |
27
Your
account
Selling
shares in writing
Class
A and Class C shares
In certain
circumstances, you will need to make your request to sell shares in writing. You
may need to include additional items with your request, unless they were
previously provided to Signature Services and are still accurate. These items
are shown in the table below. You may also need to include a signature
guarantee, which protects you against fraudulent orders. You will need a
signature guarantee if:
•
your address or bank of record has
changed within the past 15 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).
You will need to obtain your
signature guarantee from a member of the Medallion Signature Guarantee Program.
Most broker-dealers, banks, credit unions, and securities exchanges are members
of this program. A notary public CANNOT provide a signature guarantee. Signature
Services may make exceptions to any of the signature guarantee
requirements.
|
Seller |
Requirements
for written requests |
|
Owners
of individual, joint, or UGMA/UTMA accounts (custodial accounts
for
minors) |
•Letter
of instruction
•On
the letter, the signatures and titles of all persons authorized to sign
for
the account, exactly as the account is registered
•Medallion
signature guarantee, if applicable (see above) |
|
Owners
of corporate, sole proprietorship, general partner, or association
accounts |
•Letter
of instruction
•Corporate
business/organization resolution, certified within the past
12
months, or a John Hancock business/organization certification
form
•On
the letter and the resolution, the signature of the person(s)
authorized
to sign for the account
•Medallion
signature guarantee, if applicable (see above) |
|
Owners
or trustees of trust accounts |
•Letter
of instruction
•On
the letter, the signature(s) of the trustee(s)
•Copy
of the trust document, certified within the past 12 months, or a
John
Hancock trust certification form
•Medallion
signature guarantee, if applicable (see above) |
|
Joint
tenancy shareholders with rights of survivorship with deceased
co-tenant(s) |
•Letter
of instruction signed by surviving tenant(s)
•Copy
of the death certificate
•Medallion
signature guarantee, if applicable (see above)
•Inheritance
tax waiver, if applicable |
|
Executors
of shareholder estates |
•Letter
of instruction signed by the executor
•Copy
of the order appointing executor, certified within the past
12
months
•Medallion
signature guarantee, if applicable (see above)
•Inheritance
tax waiver, if applicable |
|
Administrators,
conservators, guardians, and other sellers, or account
types
not listed above |
•Call
Signature Services for
instructions |
|
Regular
mail |
Express
delivery |
Website |
EASI-Line |
Signature
Services, Inc. |
|
John
Hancock Signature
Services,
Inc.
P.O.
Box 219909
Kansas
City, MO 64121-9909 |
John
Hancock Signature
Services,
Inc.
430
W 7th Street
Suite
219909
Kansas
City, MO 64105-1407 |
jhinvestments.com |
(24/7
automated service)
800-338-8080 |
800-225-5291 |
28
Your
account
Selling
shares
Class
I shares
|
|
To
sell some or all of your shares |
|
By
letter | |
|
•Sales of
any amount |
•Write a
letter of instruction or complete a stock power indicating the
fund name,
the share class, your account number, the name(s) in which
the account
is registered, and the dollar value or number of shares you
wish to
sell.
•Include
a |