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Value Equity Fund (JVEAX)

Daily Price as of 9/19/17

12.22 0.01 0.08
POP Change ($) Change (%)
12.86 0.01 0.08

Management Team

No Photo Available
Mark Giambrone

Joined fund at inception
Began investing career in 1992

No Photo Available
Michael B. Nayfa, CFA

Joined fund at inception
Began investing career in 2002

No Photo Available
Terry L. Pelzel, CFA

Joined fund at inception
Began investing career in 2005

Top Holdings (%)

as of 8/31/17
Citigroup, Inc. 2.72
JPMorgan Chase & Co. 2.42
Bank of America Corp. 2.05
UnitedHealth Group, Inc. 1.99
Anthem, Inc. 1.94
SLM Corp. 1.89
Microchip Technology, Inc. 1.83
American Express Company 1.77
Spirit AeroSystems Holdings, Inc. 1.75
Norwegian Cruise Line Holdings, Ltd. 1.72
The Fund’s holdings are subject to change at any time. Characteristics are expressed as a percentage of net assets except for certain closed-end funds where characteristics are expressed as a percentage of total managed assets.

All Funds (with the exception of the Money Market Fund) exclude cash and cash equivalent securities from Top holdings and Top issuers.

Goal and Strategy

The fund seeks to provide long-term growth of capital. Under normal circumstances, the fund invests at least 80% of its net assets in a diversified portfolio of common stocks, which generally have, among other characteristics, lower price-to-book ratios, lower price-to-earnings ratios, and higher dividend yields relative to the broader market. Securities are selected based on an assessment of the company’s valuation, prospects for improvement in operating fundamentals and earnings power.

Average Annual Total Returns

Month-End Performance (%) as of 8/31/17
QTD YTD 1YR 3YR 5YR Life of Fund
(not annualized)
POP -4.68 2.82 10.99 5.37 NA 5.30
Quarter-End Performance (%) as of 6/30/17
QTD YTD 1YR 3YR 5YR Life of Fund
(not annualized)
POP -1.80 2.48 16.14 5.59 NA 5.49

Cumulative Returns

Month-End Performance (%) as of 8/31/17
QTD YTD 1YR 3YR 5YR Life of Fund
POP -4.68 2.82 10.99 17.00 NA 17.88

The past performance shown here reflects reinvested distributions and the beneficial effect of any expense reductions, and does not guarantee future results. Returns for periods shorter than one year are cumulative, and results for other share classes will vary. Shares will fluctuate in value and, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance cited.

Performance figures assume that all distributions are reinvested. POP (public offering price) figures for Class A shares reflect the maximum sales charge, which is 5.0% for equity, asset allocation, and alternative/specialty funds and 4.0% for fixed-income funds (reduced from 4.5%, effective 2/3/14), with the following exceptions: John Hancock Absolute Return Currency Fund and John Hancock Global Conservative Absolute Return Fund have a maximum sales charge of 3.0%, and John Hancock Floating Rate Income Fund and John Hancock Short Duration Credit Opportunities Fund have a maximum sales charge of 2.5% (reduced from 3.0% and 4.5%, respectively, effective 2/3/14). Performance quoted without sales charges would be reduced if the sales charges were applied. Performance for other share classes will vary. For money market funds, the yield quoted more closely reflects the current earnings of the fund than the total return performance shown. Sales charges do not apply to money market funds and as a result, those funds do not quote POP performance figures. The fund operating expenses are 1.30%.

Morningstar Rating2

Overall Rating

As of 8/31/17 the Fund was rated 4 stars out of 1099 funds for the 3-year period.

Overall Rating is based on the 3-, 5- and 10-year Morningstar Risk-Adjusted Returns and accounts for variation in a fund's monthly performance. Other classes may be rated differently.

The funds have experienced negative performance for various time periods, including but not limited to, the three, five or ten-year periods for which the Morningstar "star" ratings are issued.

For each managed product (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) 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 excess performance, placing more emphasis on downward variations and rewarding consistent performance. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. 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. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The rating formula most heavily weights the three year rating, using the following calculation: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. Past performance does not guarantee future results.

1 As of the most recent month end. The Morningstar Style Box™ reveals the fund’s investment style.

For equity funds, the vertical axis shows the market capitalization, or size, of the stocks owned and the horizontal axis shows investment style (value, blend, or growth).
2 Morningstar proprietary ratings reflect risk-adjusted performance through the most recent month end. The ratings are subject to change every month.