All funds may experience periods of negative performance. Please the fund’s prospectus or visit jhinvestments.com for current returns.
1 For each fund with at least a 3-year history, Morningstar calculates a Morningstar rating based on a Morningstar Risk-Adjusted Return that accounts for variation in a fund’s monthly performance (including effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10.0% of funds in each category, the next 22.5%, 35.0%, 22.5%, and bottom 10.0% receive 5, 4, 3, 2, or 1 star(s), respectively. (Each share class is counted as a fraction of one fund within this scale and is rated separately, which may cause slight variations in the distribution percentages.) The overall Morningstar rating for a fund is derived from a weighted average of the performance associated with its 3-, 5-, and 10-year (if applicable) Morningstar rating metrics. The fund’s Class I share overall rating was 3 stars out of 254 funds for the 3-year period, 4 stars out of 201 funds for the 5-year period, and 4 stars out of 105 funds for the 10-year period. Please note that Class I shares may not be available to all investors and that performance of other share classes may vary. Past performance does not guarantee future results.