JCVBX — Classic Value Fund
Data updated: 2026-09-25
JCVBX — Classic Value Fund. United States Mid Cap Value Equity · $544.60M AUM · 1.92% expense ratio. Holdings, fees, performance and SEC filings.
JCVBX Fund Overview
JCVBX — Classic Value Fund is a US mutual fund managed by John Hancock Capital Series, categorised as United States Mid 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 Capital Series
- Category: United States Mid Cap Value Equity
- Assets under management: $544.60M
- 1-year return: -21.7%
- Ticker: JCVBX
- SEC CIK: 0000045291
- SEC series ID: S000000617
- Share class ID: C000001746
JCVBX Investment Objective and Strategy
Classic Value Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by John Hancock Capital Series.
Investment objective
To seek long-term growth of capital.
Principal investment strategy
Under normal conditions, the fund invests at least 80% of its net assets in domestic equity securities. The manager 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 the market average defined by the S&P 500 Index. In choosing individual securities, the manager screens a dynamic universe of the 500 largest publicly traded U.S. companies. (As of December 31, 2017, those with market values above approximately $10 billion.) The manager uses fundamental research and proprietary modeling to rank these companies from the cheapest to the most expensive based on current share price relative to estimated long-term earnings power.
Focusing on the cheapest-ranked companies, the manager constructs a portfolio of stocks of companies it believes generally have current earnings below normal levels, a sound plan to restore earnings to normal, and a sustainable business advantage. This systematic process is intended to ensure that the fund's portfolio avoids the emotional inputs that can lead to overvalued securities. The manager generally sells a security when it reaches fair value, there are more attractive opportunities, or there is a change in company fundamentals. Under normal market conditions, the fund will be almost entirely invested in stocks. The fund may invest up to 20% of its net assets in debt securities, including those rated below investment-grade (below Baa by Moody's Investors Service, Inc. or below BBB by Standard & Poor's Ratings Services or unrated equivalents) (i.e., junk bonds).
The fund's investment policies are based on credit ratings at the time of purchase. The fund may also invest up to 20% of its net assets in securities of foreign issuers that are not publicly traded in the United States, including depositary receipts. The fund may invest without regard to the 20% limitation in securities of foreign issuers that are listed and traded on a domestic national securities exchange. The fund may focus on particular sectors of the economy.
JCVBX Holdings
Top 10 holdings of Classic Value Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Baxter International Inc. | 6.53% |
| Humana Inc. | 5.13% |
| CVS Health Corporation | 4.53% |
| Fresenius Medical Care AG | 4.12% |
| Dollar General Corporation | 3.75% |
| MetLife Inc. | 3.75% |
| Corebridge Financial Inc. | 3.59% |
| Global Payments Inc. | 3.51% |
| Wells Fargo and Company | 3.45% |
| Magna International Inc. | 3.40% |
JCVBX Portfolio Allocation
Asset-class allocation of Classic Value Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.4% |
| Cash & Equivalents | 3.3% |
JCVBX Performance
Total returns for JCVBX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -21.7% |
JCVBX Risk Information
Risk metrics for JCVBX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 38.7%
JCVBX Costs and Fees
JCVBX costs about $192 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.92%
- Gross expense ratio: 1.93%
- Portfolio turnover: 13%
- Brokerage commissions: 5.41 bps of average net assets (SEC N-CEN)
JCVBX Cashflows
Over the 12 months to 2026-04, Classic Value Fund had net outflows of $22.60M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$12.89M |
| 2026-03 | −$7.34M |
| 2026-02 | −$7.68M |
| 2026-01 | −$24.32M |
| 2025-12 | $111.36M |
| 2025-11 | −$21.14M |
JCVBX Debt Constituents
No individual debt constituents are reported in Classic Value Fund's latest SEC N-PORT filing.
JCVBX Prospectus and SEC Filings
Official Classic Value Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-25
- Prospectus (485BPOS) — filed 2025-02-26
- Prospectus supplement (497) — filed 2025-06-26
- Portfolio holdings (N-PORT) — filed 2026-09-25
- Portfolio holdings (N-PORT) — filed 2026-06-25
- Portfolio holdings (N-PORT) — filed 2026-03-30
- Annual census (N-CEN) — filed 2026-01-09
- Annual census (N-CEN) — filed 2025-01-08
Related Funds
Other United States Mid 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.