Disciplined Value Fund

John Hancock Funds III · Series S000023715 · 8 share classes

Equity fund · 98% stocks
One fund, 8 share classes:JVLAXJVLCXJVLIXJDVFXJDVVXJDVNXJDVWXJDVPX
$19.57B NAV
80 positions · as of 2026-06-30 · filed 2026-08-27
data updated 2026-09-08

Fund profile

As filed in the prospectus · 2025 Q3

The fund seeks to provide long-term growth of capital primarily through investment in equity securities. Current income is a secondary objective.

Strategy · summarised

The fund invests at least 80% of assets in equity securities of companies with market capitalizations of $1 billion or greater that exhibit value characteristics, as identified through analysis of price-to-book and price-to-earnings ratios alongside fundamental metrics such as return on equity and cash flow. The fund may hold up to 20% in foreign currency-denominated securities and up to 15% in illiquid securities, and may participate in initial public offerings. Because security selection depends on the manager's continuous assessment of value metrics and company fundamentals, fund performance will diverge from any benchmark.

Expenses
0.60% 1.71%across 8 share classes
Share classGrossNet
JVLAX0.97%0.96%
JVLCX1.72%1.71%
JVLIX0.72%0.71%
JDVFX0.96%0.85%
JDVVX0.66%0.65%
JDVNX0.61%0.60%
JDVWX0.61%0.60%
JDVPX1.11%1.10%

Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.

Portfolio turnover 63.00% · as of 2025 Q3

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

99.88%
of net assets
Stocks98.37%
Cash & short-term1.52%

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 6 new8 exited

New: SO, HONA, TPR, SYK, SPGI, JH COLLATERAL

Exited: PPL, SCHW, KEYS, HD, Canadian Natural Resources Limited, TRMB, AJG, LULU

Return profile

Chart:

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

Share class1-year3-year5-yearVolWorst fall
+31.73%+68.98%+74.99%11.52%-8.97%
+30.70%+65.18%+68.52%11.49%-9.26%
+32.01%+70.28%+77.22%11.53%-8.85%
+31.83%+69.50%+75.96%11.53%-8.92%
+32.04%+70.40%+77.63%11.49%-8.84%
+32.14%+70.82%+78.16%11.52%-8.80%
+32.18%+70.82%+78.11%11.54%-8.85%
+31.53%+68.28%+73.79%11.54%-9.01%

These classes hold the same portfolio, so the 9.64pp spread over 5 years is the cost difference between them — roughly 1.93pp a year — not a difference in what they own.

Cumulative return· Jul 2023 – Apr 2026

May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
Amazon.com Inc.AMZN6.08%$1.19B
JPMorgan Chase and Co.JPM3.97%$776.46M
Applied Materials Inc.AMAT3.60%$704.84M
Micron Technology Inc.MU2.64%$517.61M
Dell Technologies Inc.DELL2.32%$454.97M
Philip Morris International Inc.PM2.18%$426.18M
US Foods Holding Corp.USFD2.10%$410.82M
CRH Public Limited CompanyCRH2.05%$401.57M
Flex Ltd.FLEX2.04%$399.86M
NXP Semiconductors N.V.NXPI1.94%$380.54M
Showing 10 of 80Sign in to see more

Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.

Top 10 positions are 28.94% of net assets, top 25 51.74%, across 80 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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