JHCPX — Capital Appreciation Fund
Data updated: 2025-07-29
JHCPX — Capital Appreciation Fund. United States Large Cap Growth Equity · $970.82M AUM · 0.74% expense ratio. Holdings, fees, performance and SEC filings.
JHCPX Fund Overview
JHCPX — Capital Appreciation Fund is a US mutual fund managed by John Hancock Funds II, categorised as United States Large Cap Growth 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 Large Cap Growth Equity
- Assets under management: $970.82M
- 1-year return: 17.4%
- Ticker: JHCPX
- SEC CIK: 0001331971
- SEC series ID: S000003312
- Share class ID: C000008876
JHCPX Investment Objective and Strategy
Capital Appreciation Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by John Hancock Funds II.
Investment objective
To seek long-term growth of capital.
Principal investment strategy
"Under normal market conditions, the fund invests at least 65% of its total assets in equity and equity-related securities of companies, at the time of investment, that exceed $1 billion in market capitalization and that the manager believes have above average growth prospects. These companies are generally mid-to large-capitalization companies. The manager follows a highly disciplined investment selection and management process that seeks to identify companies that show superior absolute and relative earnings growth and also are attractively valued. The manager looks for companies that experience some or all of the following: (i) above-average revenue and earnings per share growth, (ii) strong market position, (iii) improving profitability and distinctive attributes such as unique marketing ability, (iv) strong research and development and productive new product flow, and (v) financial strength.
Such companies generally trade at high prices relative to their current earnings. Earnings predictability and confidence in earnings forecasts are important parts of the selection process. Securities in which the fund invests have historically been more volatile than the S&P 500 Index. Also, companies that have an earnings growth rate higher than that of the average S&P 500 company tend to reinvest their earnings rather than distribute them. Therefore, the fund is not likely to receive significant dividend income on its securities. Seeking to invest in companies with above market-average growth, the fund may invest significantly in sectors associated with such growth, including information technology. In addition to common stocks, nonconvertible preferred stock and convertible securities, equity-related securities in which the fund invests include: (i) American Depositary Receipts (ADRs); (ii) warrants and rights; (iii) investments in various types of business ventures, including partnerships and joint ventures; (iv) real estate investment trusts (REITs); and (v) initial public offerings (IPOs) and similar securities.
(Convertible securities are securities like bonds, corporate notes and preferred stocksthat the fund can convert into the company's common stock, cash value of common stock, or some other equity security.) In addition to the principal strategies discussed above, the fund may also use the following investment strategies to attempt to increase the fund's return or protect its assets if market conditions warrant: The fund may make short sales of a security including short sales ""against the box."" The fund may invest up to 20% of its total assets in foreign equity securities. (For purposes of this 20% limit, ADRs and other similar receipts or shares traded in U.S. markets are not considered to be foreign securities.) The fund may invest in U.S. government securities issued or guaranteed by the U.S.
government or by an agency or instrumentality of the U.S. government. The fund may invest in mortgage-related securities issued or guaranteed by U.S. governmental entities, including collateralized mortgage obligations, multi-class pass-through securities and stripped mortgage-backed securities. The fund may invest in fixed-income securities rated investment grade. These include corporate debt and other debt obligations of U.S. and foreign issuers. The fund may invest in obligations that are not rated, but that the manager believes are of comparable quality to these obligations. The fund may invest in repurchase agreements. The manager considers selling or reducing a stock position when, in the opinion of the manager, the stock has experienced a fundamental disappointment in earnings, it has reached an intermediate price objective and its outlook no longer seems sufficiently promising, a relatively more attractive stock emerges or the stock has experienced adverse price movement.
The fund may focus its investments in a particular sector or sectors of the economy. The fund's investment process may, at times, result in a higher than average portfolio turnover ratio and increased trading expenses."
JHCPX Holdings
Top 10 holdings of Capital Appreciation Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| NVIDIA Corporation | 8.98% |
| Amazon.com Inc. | 7.41% |
| Microsoft Corporation | 6.49% |
| Meta Platforms Inc. | 5.52% |
| Netflix Inc. | 5.40% |
| Broadcom Inc. | 4.60% |
| Apple Inc. | 4.48% |
| Mastercard Incorporated | 3.09% |
| Eli Lilly and Company | 2.75% |
| Tesla Inc. | 2.36% |
JHCPX Portfolio Allocation
Asset-class allocation of Capital Appreciation Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.8% |
| Cash & Equivalents | 1.2% |
JHCPX Performance
Total returns for JHCPX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 17.4% |
| 3 years (annualised) | 22.3% |
| 5 years (annualised) | 15.6% |
JHCPX Risk Information
Risk metrics for JHCPX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 18.1%
JHCPX Costs and Fees
JHCPX costs about $74 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.74%
- Gross expense ratio: 0.75%
- Portfolio turnover: 34%
- Brokerage commissions: 1.61 bps of average net assets (SEC N-CEN)
JHCPX Cashflows
Over the 12 months to 2025-05, Capital Appreciation Fund had net outflows of $679.86M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-05 | −$10.43M |
| 2025-04 | −$8.78M |
| 2025-03 | −$662.01M |
| 2025-02 | −$31.61M |
| 2025-01 | −$46.78M |
| 2024-12 | $213.47M |
JHCPX Debt Constituents
No individual debt constituents are reported in Capital Appreciation Fund's latest SEC N-PORT filing.
JHCPX Prospectus and SEC Filings
Official Capital Appreciation 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 2025-07-29
- Portfolio holdings (N-PORT) — filed 2025-04-28
- Portfolio holdings (N-PORT) — filed 2025-01-28
- Annual census (N-CEN) — filed 2024-11-13
- Annual census (N-CEN) — filed 2023-11-08
Related Funds
Other United States Large Cap Growth 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.