John Hancock Classic Value Fund
PZFVX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Boston, MA 02210-2805 Boston MA United States of America 02210-2805
- IPO Date
- Jun 24, 1996
- CIK
- 0000045291
- Website
- jhinvestments.com
- Similar Companies
- Business
- John Hancock Classic Value Fund (PZFVX) is an open-end mutual fund that seeks long-term growth of capital primarily through investments in undervalued domestic equity securities, with at least 80% of net assets allocated to such stocks; it may also invest up to 20% in debt securities, including below-investment-grade bonds. The fund follows a value investment style, targeting mid- and large-cap companies across sectors such as financial services (29.82%), healthcare (21.71%), and technology (12.84%), with top holdings including Citigroup Inc., Wells Fargo & Co., and Capital One Financial Corp.; it maintains a non-diversified portfolio emphasizing U.S. stocks (87.69%), supplemented by non-U.S. equities (10.34%) and minimal cash (1.97%). Managed by a team led by Richard Pzena since inception, alongside Benjamin Silver, John Flynn, and Daniel Babkes (added July 2024), the fund is subadvised by Pzena Investment Management LLC and offered in multiple share classes including A (PZFVX), C (JCVCX), I (JCVIX), and others, with a net expense ratio of 1.13% for Class A shares and a minimum initial investment of $1,000. Launched on June 24, 1996, as a series of John Hancock Capital Series, a Massachusetts business trust domiciled in the United States, the fund operates under John Hancock Investment Management LLC, part of Manulife John Hancock Investments, with headquarters aligned to the firm's Boston base. It serves U.S. investors seeking large value exposure, with total net assets of approximately $764 million and Class A share class size of $283 million as of late 2025. In recent developments, Daniel Babkes joined the portfolio management team on July 1, 2024, enhancing the fund's oversight amid a focus on stable growth and value recovery strategies. The broader John Hancock Investments platform, including this fund, underwent a brand evolution in April 2025 to better reflect integration under Manulife Wealth & Asset Management, emphasizing global capabilities while retaining the John Hancock heritage. The fund delivered a 21.34% return for the fiscal year ended October 31, 2024 (Class A, excluding sales charges), supported by positive market sentiment, and announced estimated 2025 capital gain distributions in December 2025.