JVLTX Fees and Costs — John Hancock Disciplined Value Fund, Class I2
Data updated: 2026-08-27
The net expense ratio is 0.81%: a 0.66% management fee plus 0.16% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $3.9M in broker commissions, 0.0217% of average net assets, and portfolio turnover was 42%.
JVLTX Fees and Expenses
Annual operating expenses and sales charges of JVLTX. Prospectus, as of July 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.66% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.16% |
| Gross expense ratio | 0.82% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.81% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
JVLTX Costs Over Time
On $10,000 invested in JVLTX, assuming 5% a year before costs, total costs come to $522 over 5 years, cutting the return by 0.87% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.81%) | $85 | $266 | $462 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $13 | $48 |
| Total costs | $87 | $286 | $522 |
| Value after costs | $10,413 | $11,290 | $12,241 |
| Impact on return, per year | 0.87% | 0.87% | 0.87% |
JVLTX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0217%
- Total broker commissions: $3.9M
- Bought from dealers (principal trades, not a cost): $9.6B
- Portfolio turnover (prospectus): 42%
- Securities on loan, average value: $13.2M
- Net income from securities lending: $38K (0.000% of average net assets)
JVLTX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| National Financial Services LLC | $1.1M | 28.57% |
| Royal Bank of Canada | $725K | 19.62% |
| Morgan Stanley & Co. LLC | $511K | 13.82% |
| J.P. Morgan Securities LLC | $442K | 11.96% |
| UBS AG | $245K | 6.62% |
| Jefferies LLC | $210K | 5.70% |
| Goldman Sachs & Co. LLC | $177K | 4.80% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $176K | 4.77% |
| Pershing LLC | $109K | 2.95% |
| Bank of Montreal | $44K | 1.19% |
JVLTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $9.5B | 99.76% |
| Citigroup Global Markets Holdings Inc. | $18.7M | 0.20% |
| Barclays Bank PLC | $3.5M | 0.04% |
| Morgan Stanley & Co. LLC | $460K | 0.00% |
| Goldman Sachs & Co. LLC | $199K | 0.00% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $78K | 0.00% |
| Jefferies LLC | $67K | 0.00% |
John Hancock Disciplined Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JDVNX | Class NAV | 0.59% | — |
| JDVWX | Class R6 | 0.60% | none |
| JDVVX | Class R5 | 0.65% | none |
| JVLIX | Class I | 0.70% | none |
| JVLTX | Class I2 | 0.81% | — |
| JDVFX | Class R4 | 0.85% | none |
| JVLAX | Class A | 0.95% | 5.00% |
| JDVPX | Class R2 | 1.10% | none |
| JVLCX | Class C | 1.70% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.