497 1 e463815_497.htm 497

JOHN HANCOCK BOND TRUST JOHN HANCOCK INVESTMENT TRUST II
JOHN HANCOCK FUNDS II JOHN HANCOCK INVESTMENT TRUST III
JOHN HANCOCK FUNDS III JOHN HANCOCK MUNICIPAL SECURITIES TRUST
JOHN HANCOCK CALIFORNIA TAX-FREE INCOME FUND JOHN HANCOCK SOVEREIGN BOND FUND
JOHN HANCOCK CAPITAL SERIES JOHN HANCOCK STRATEGIC SERIES
JOHN HANCOCK CURRENT INTEREST  
JOHN HANCOCK INVESTMENT TRUST  

 

 

Supplement dated April 10, 2017 to the current Prospectus, as may be supplemented

 

Effective immediately, the introductory paragraph to the Shareholder fees and expenses table in the summary section of the prospectus for each series of the trusts listed above with Class A shares is amended to include the following sentence:

 

Intermediaries may have different policies and procedures regarding the availability of front-end sales charge waivers or CDSC waivers (See Appendix 1 to the prospectus - Intermediary sales charge waivers).

 

The following paragraph is added under the “Your Account” section above the heading “Reducing your Class A sales charges” in “SALES CHARGE REDUCTIONS AND WAIVERS”:

 

The availability of certain sales charge waivers and discounts will depend on whether you purchase your shares directly from the fund or through a financial intermediary. Intermediaries may have different policies and procedures regarding the availability of front-end sales charge waivers or CDSC waivers (See Appendix 1 - Intermediary Sales Charge Waivers).

 

The second bulleted paragraph is amended under the “Your Account” section under the heading “CDSC Waivers” in “SALES CHARGE REDUCTIONS AND WAIVERS”:

 

§certain retirement plans participating in PruSolutionsSM programs

 

The following bulleted paragraph is added under the “Your Account” section under the heading “CDSC Waivers” in “SALES CHARGE REDUCTIONS AND WAIVERS”:

 

§redemptions made under certain liquidation, merger or acquisition transactions involving other investment companies or personal holding companies.

 

The section “Waivers for certain investors” in “SALES CHARGE REDUCTIONS AND WAIVERS” in the “Your Account” section is revised and restated as follows:

 

Class A shares may be offered without front-end sales charges or CDSCs to the following individuals and institutions:

 

§Selling brokers and their employees and sales representatives (and their Immediate Family, as defined in the SAI)
  
§Financial representatives utilizing fund shares in eligible retirement platforms, fee-based, or wrap investment products
  
§Financial intermediaries who offer shares to self-directed investment brokerage accounts that may or may not charge a transaction fee to their customers
  
§Fund trustees and other individuals who are affiliated with these or other John Hancock funds, including employees of John Hancock companies or Manulife Financial Corporation (and their Immediate Family, as defined in the SAI)
  
§Individuals transferring assets held in a SIMPLE IRA, SEP, or SARSEP invested in John Hancock funds directly to an IRA
  
§Individuals converting assets held in an IRA, SIMPLE IRA, SEP, or SARSEP invested in John Hancock funds directly to a Roth IRA
  
§Individuals recharacterizing assets from an IRA, Roth IRA, SEP, SARSEP, or SIMPLE IRA invested in John Hancock funds back to the original account type from which they were converted

 

 

 

 

§Participants in group retirement plans that are eligible and permitted to purchase Class A shares as described in the "Choosing an eligible share class" section above. This waiver is contingent upon the group retirement plan being in a recordkeeping arrangement and does not apply to group retirement plans transacting business with the fund through a brokerage relationship in which sales charges are customarily imposed. In addition, this waiver does not apply to a group retirement plan that leaves its current recordkeeping arrangement and subsequently transacts business with the fund through a brokerage relationship in which sales charges are customarily imposed. Whether a sales charge waiver is available to your group retirement plan through its record keeper depends upon the policies and procedures of your intermediary. Please consult your financial advisor for further information
  
§Retirement plans participating in PruSolutionsSM programs
  
§Terminating participants in a pension, profit-sharing, or other plan qualified under Section 401(a) of the Code, or described in Section 457(b) of the Code, (i) that is funded by certain John Hancock group annuity contracts, (ii) for which John Hancock Trust Company serves as trustee or custodian, or (iii) the trustee or custodian of which has retained John Hancock Retirement Plan Services ("RPS") as a service provider, rolling over assets (directly or within 60 days after distribution) from such a plan to a John Hancock custodial IRA or John Hancock custodial Roth IRA that invests in John Hancock funds, or the subsequent establishment of or any rollover into a new John Hancock fund account by such terminating participants and/or their Immediate Family (as defined in the SAI), including subsequent investments into such accounts, and that are held directly at John Hancock funds or at the John Hancock Personal Financial Services ("PFS") Financial Center
  
§Participants in a terminating pension, profit-sharing, or other plan qualified under Section 401(a) of the Code, or described in Section 457(b) of the Code (the assets of which, immediately prior to such plan's termination, were (a) held in certain John Hancock group annuity contracts, (b) in trust or custody by John Hancock Trust Company, or (c) by a trustee or custodian which has retained John Hancock RPS as a service provider, but have been transferred from such contracts or trust funds and are held either: (i) in trust by a distribution processing organization; or (ii) in a custodial IRA or custodial Roth IRA sponsored by an authorized third-party trust company and made available through John Hancock), rolling over assets (directly or within 60 days after distribution) from such a plan to a John Hancock custodial IRA or John Hancock custodial Roth IRA that invests in John Hancock funds, or the subsequent establishment of or any rollover into a new John Hancock fund account by such participants and/or their Immediate Family (as defined in the SAI), including subsequent investments into such accounts, and that are held directly at John Hancock funds or at the PFS Financial Center
  
§Participants actively enrolled in a John Hancock RPS plan account (or an account the trustee of which has retained John Hancock RPS as a service provider) rolling over or transferring assets into a new John Hancock custodial IRA or John Hancock custodial Roth IRA that invests in John Hancock funds through John Hancock PFS (to the extent such assets are otherwise prohibited from rolling over or transferring into such participant's John Hancock RPS plan account), including subsequent investments into such accounts, and that are held directly at John Hancock funds or at the John Hancock PFS Financial Center
  
§Individuals rolling over assets held in a John Hancock custodial 403(b)(7) account into a John Hancock custodial IRA account
  
§Former employees/associates of John Hancock, its affiliates, or agencies rolling over (directly or indirectly within 60 days after distribution) to a new John Hancock custodial IRA or John Hancock custodial Roth IRA from the John Hancock Employee Investment-Incentive Plan (TIP), John Hancock Savings Investment Plan (SIP), or the John Hancock Pension Plan, and such participants and their Immediate Family (as defined in the SAI) subsequently establishing or rolling over assets into a new John Hancock account through the John Hancock PFS Group, including subsequent investments into such accounts, and that are held directly at John Hancock funds or at the John Hancock PFS Financial Center
  
§A member of a class action lawsuit against insurance companies who is investing settlement proceeds.

 

To utilize a waiver, you must contact your financial representative or Signature Services. Consult the SAI for additional details (see the back cover of this prospectus). Please note, these waivers are distinct from those described in Appendix 1, “Intermediary Sales Charge Waivers.”

 

 

 

 

The following section is added as Appendix 1 to the prospectuses following the “ADDITIONAL INVESTOR SERVICES” section of each fund’s prospectus.

 

APPENDIX 1 - INTERMEDIARY SALES CHARGE WAIVERS

 

Intermediary sales charge waivers

 

Merrill Lynch, Pierce, Fenner & Smith Incorporated (Merrill Lynch)

 

Effective April 10, 2017, shareholders purchasing fund shares through a Merrill Lynch platform or account will be eligible only for the following load waivers (front-end sales charge waivers and contingent deferred, or back-end, sales charge waivers) and discounts, which may differ from those disclosed elsewhere in this fund’s prospectus or SAI:

 

Front-end Sales Load Waivers on Class A Shares available at Merrill Lynch

 

§Employer-sponsored retirement, deferred compensation and employee benefit plans (including health savings accounts) and trusts used to fund those plans, provided that the shares are not held in a commission-based brokerage account and shares are held for the benefit of the plan
§Shares purchased by or through a 529 Plan
§Shares purchased through a Merrill Lynch affiliated investment advisory program
§Shares purchased by third party investment advisors on behalf of their advisory clients through Merrill Lynch’s platform
§Shares of funds purchased through the Merrill Edge Self-Directed platform (if applicable)
§Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund (but not any other fund within the fund family)
§Shares exchanged from Class C (i.e. level-load) shares of the same fund in the month of or following the 10-year anniversary of the purchase date
§Employees and registered representatives of Merrill Lynch or its affiliates and their family members
§Directors or Trustees of the fund, and employees of the fund’s investment adviser or any of its affiliates, as described in the prospectus
§Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (known as Rights of Reinstatement)

  

CDSC Waivers on A and C Shares available at Merrill Lynch

 

§Death or disability of the shareholder
§Shares sold as part of a systematic withdrawal plan as described in the fund’s prospectus
§Return of excess contributions from an IRA Account
§Shares sold as part of a required minimum distribution for IRA and retirement accounts due to the shareholder reaching age 70½
§Shares sold to pay Merrill Lynch fees but only if the transaction is initiated by Merrill Lynch
§Shares acquired through a Right of Reinstatement
§Shares held in retirement brokerage accounts, that are exchanged for a lower cost share class due to transfer to certain fee based accounts or platforms. The CDSC applicable to shares exchanged for another class of shares through a fee-based individual retirement account on the Merrill Lynch platform will be waived and Merrill Lynch will remit the portion of the payment to be made to the principal distributor equal to the number of months remaining on the CDSC period divided by the total number of months of the CDSC period

 

Front-end Load Discounts Available at Merrill Lynch; Breakpoints, Rights of Accumulation & Letters of Intent

 

§Breakpoints as described in this prospectus.
§Rights of Accumulation (ROA) which entitle shareholders to breakpoint discounts will be automatically calculated based on the aggregated holding of fund family assets held by accounts within the purchaser’s household at Merrill Lynch. Eligible fund family assets not held at Merrill Lynch may be included in the ROA calculation only if the shareholder notifies his or her financial advisor about such assets
§Letters of Intent (LOI) which allow for breakpoint discounts based on anticipated purchases within a fund family, through Merrill Lynch, over a 13-month period of time (if applicable)

 

 

You should read this Supplement in conjunction with the Prospectus and retain it for future reference.