JHancock Classic Value A (PZFVX)

The investment seeks long-term growth of capital. The fund normally invests at least 80% of net assets in domestic equity securities. In managing the portfolio, the subadviser seeks to identify companies that it believes are currently undervalued relative to the market, based on estimated future earnings and cash flow. These companies generally have market values at valuation ratios, such as price-to-book, below market average, as defined by the Standard & Poor's 500 index. Under normal market conditions, the fund is almost entirely invested in stocks. The fund may invest in securities of foreign issuers.