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JHFunds2 Capital Appreciation Value NAV Overview

JHFunds2 Capital Appreciation Value NAV (JCAVX) is an actively managed Allocation Moderate Allocation fund. John Hancock launched the fund in 2011.

The investment seeks long-term capital appreciation. The fund invests primarily in common stocks of established U.S. companies that have above-average potential for capital growth. Common stocks typically constitute at least 50% of the fund's total assets. The remaining assets are generally invested in other securities, including convertible securities, corporate and government debt, bank loans (which represent an interest in amounts owed by a borrower to a syndicate of lenders), foreign securities, futures and options. It may invest up to 20% of its total assets in foreign securities.

About JHFunds2 Capital Appreciation Value NAV (JCAVX)

There are 4 members of the management team with an average tenure of 4.71 years: David Giroux (2011), Brian Solomon (2025), Mike Signore (2025), Vivek Rajeswaran (2025). Management tenure is more important for actively managed funds than passive index funds.

The fund has 3 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100%, Bloomberg US Agg Bond TR USD index with a weighting of 40% and S&P 500 (TR) (1970) index with a weighting of 60%. JHFunds2 Capital Appreciation Value NAV has 276 securities in its portfolio. The top 10 holdings constitute 32.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

JHFunds2 Capital Appreciation Value NAV is part of the Allocation global asset class and is within the Allocation fund group. JHFunds2 Capital Appreciation Value NAV has 2.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 61.9%. There is 2.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 32.2% (32.2% domestic bond, 0.0% foreign bond and 0.0% convertible bond). JHFunds2 Capital Appreciation Value NAV has 3.1% of the portfolio in cash.

Assets Under Management

The fund has $1 billion in total assets, which is below the $2 billion average for the Moderate Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

JCAVX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The JHFunds2 Capital Appreciation Value NAV expense ratio is high compared to funds in the Moderate Allocation category. JHFunds2 Capital Appreciation Value NAV has an expense ratio of 0.87%, which is 12% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. JHFunds2 Capital Appreciation Value NAV has a portfolio turnover rate of 117%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 52% for the Moderate Allocation category.

Recently, in the month of July 2026, JHFunds2 Capital Appreciation Value NAV returned 0.5%, which earned it a grade of B, as the Moderate Allocation category had an average return of -0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

JHFunds2 Capital Appreciation Value NAV has a trailing yield of 1.75%, which is below the 1.97% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

JHFunds2 Capital Appreciation Value NAV Grades

Year to date, the fund has returned 5.8%, 0.7 percentage points worse than the category, which translates into a grade of D. The fund has returned 8.8% over the past year (grade of F), 11.6% over the past three years (grade of D) and 7.9% per year over the past five years (grade of A) and 10.9% per year over the past 10 years (grade of A).

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