Equity Income Fund
Data updated: 2026-07-27
C000008921 — Equity Income Fund. United States Multi-Cap / All-Cap Value Equity · $596.80M AUM. Holdings, fees, performance and SEC filings.
C000008921 Fund Overview
Equity Income Fund is a US mutual fund managed by John Hancock Funds II, categorised as United States Multi-Cap / All-Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: John Hancock Funds II
- Category: United States Multi-Cap / All-Cap Value Equity
- Assets under management: $596.80M
- 1-year return: 6.7%
- SEC CIK: 0001331971
- SEC series ID: S000003317
- Share class ID: C000008921
C000008921 Investment Objective and Strategy
Equity Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by John Hancock Funds II.
Investment objective
To provide substantial dividend income and also long-term growth of capital.
Principal investment strategy
"Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities, with at least 65% in common stocks of well-established companies paying above-average dividends. The fund employs a ""value"" approach and invests in stocks and other securities that appear to be undervalued by various measures but have good prospects for capital appreciation and dividend growth. Under normal market conditions, substantial dividend income means that the yield on the fund's portfolio securities generally exceeds the yield on the fund's benchmark. The manager believes that income can contribute significantly to total return over time and expects the fund's yield to exceed that of the S&P 500 Index. While the price of a company's stock can go up or down, stocks paying a high level of dividend income tend to be less volatile than those paying a lower level and may help offset losses in falling markets.
The fund will generally consider companies with established operating histories, above-average dividend yield or low price/earnings ratios relative to the S&P 500 Index, positive financial characteristics, and/or low stock price relative to a company's underlying value. The fund may also purchase other types of securities in keeping with its objective, including: (i) U.S. dollar-and foreign currency-denominated foreign securities (up to 25% of total assets); (ii) preferred stocks; (iii) convertible stocks, bonds, and warrants; (iv) futures and options; and (v) bank debt, loan participations, and assignments. The fund may invest in fixed-income securities without regard to quality or rating, including privately negotiated notes or loans (including loan participations and assignments (bank loans)) and up to 10% in below-investment-grade fixed-income securities (junk bonds).
The fund's fixed-income investments may include privately negotiated notes or loans, including loan participations and assignments (bank loans). Some loans may be illiquid. The fund holds a certain portion of its assets in money market reserves consisting of shares of the T. Rowe Price Government Reserve Fund (or any other internal T. Rowe Price money market fund) or U.S. dollar- and foreign currency-denominated money market securities. These include repurchase agreements in the two highest rating categories that mature in one year or less. The fund may invest reserves in U.S. dollars and foreign currencies. The fund may invest up to 10% of its total assets in hybrid instruments. Hybrid instruments are a type of high-risk derivative which can combine the characteristics of securities, futures, and options.
Such securities may bear interest or pay dividends at below market rates or even relatively nominal market rates. In pursuing the fund's investment objective, the manager may deviate from the fund's normal investment criteria to purchase securities the manager believes might appreciate substantially. The fund may invest significantly in the information technology sector."
C000008921 Holdings
Top 10 holdings of Equity Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Samsung Electronics Co. Ltd. | 3.22% |
| QUALCOMM Incorporated | 2.42% |
| Alphabet Inc. | 2.08% |
| MetLife Inc. | 2.07% |
| The Southern Company | 1.94% |
| TotalEnergies SE | 1.94% |
| Advanced Micro Devices Inc. | 1.80% |
| Amazon.com Inc. | 1.72% |
| Intel Corporation | 1.70% |
| Alphabet Inc. | 1.70% |
C000008921 Portfolio Allocation
Asset-class allocation of Equity Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.5% |
| Cash & Equivalents | 0.2% |
C000008921 Performance
Total returns for C000008921 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 6.7% |
| 3 years (annualised) | 6.2% |
| 5 years (annualised) | 16.9% |
C000008921 Risk Information
Risk metrics for C000008921, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 11.9%
C000008921 Costs and Fees
C000008921 costs about $72 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.72%
- Gross expense ratio: 0.73%
- Portfolio turnover: 22%
- Brokerage commissions: 3.83 bps of average net assets (SEC N-CEN)
C000008921 Cashflows
Over the 12 months to 2026-05, Equity Income Fund had net inflows of $372.98M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | −$10.39M |
| 2026-04 | −$5.86M |
| 2026-03 | −$5.16M |
| 2026-02 | −$9.07M |
| 2026-01 | −$14.91M |
| 2025-12 | $188.47M |
C000008921 Debt Constituents
No individual debt constituents are reported in Equity Income Fund's latest SEC N-PORT filing.
C000008921 Prospectus and SEC Filings
Official Equity Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-12-20
- Prospectus (485BPOS) — filed 2023-12-21
- Prospectus (485BPOS) — filed 2022-12-23
- Portfolio holdings (N-PORT) — filed 2026-07-27
- Portfolio holdings (N-PORT) — filed 2026-04-28
- Portfolio holdings (N-PORT) — filed 2026-01-28
- Annual census (N-CEN) — filed 2024-11-13
- Annual census (N-CEN) — filed 2023-11-08
Related Funds
Other United States Multi-Cap / All-Cap Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.