| JOHN HANCOCK BOND TRUST | JOHN HANCOCK INVESTMENT TRUST |
| JOHN HANCOCK CALIFORNIA TAX-FREE INCOME FUND | JOHN HANCOCK INVESTMENT TRUST II |
| JOHN HANCOCK CAPITAL SERIES | JOHN HANCOCK INVESTORS TRUST |
| JOHN HANCOCK COLLATERAL TRUST | JOHN HANCOCK MUNICIPAL SECURITIES TRUST |
| JOHN HANCOCK CURRENT INTEREST | JOHN HANCOCK SOVEREIGN BOND FUND |
| JOHN HANCOCK EXCHANGE-TRADED FUND TRUST | JOHN HANCOCK STRATEGIC SERIES |
| JOHN HANCOCK FUNDS II | JOHN HANCOCK VARIABLE INSURANCE TRUST |
| JOHN HANCOCK FUNDS III |
Supplement dated February 6, 2020 to the current Prospectus (the Prospectus), as may be supplemented
Effective immediately, in consideration of the United Kingdom (UK)
formally leaving the European Union (EU) on January 31, 2020, the following risk disclosure pertaining to Economic and market events
risk is amended and restated as follows:
Uncertainties surrounding the sovereign debt of a number of EU countries and the viability of the EU have disrupted and may in the future disrupt markets in the United States and around the world. If one or more countries leave the EU or the EU dissolves, the world’s securities markets likely will be significantly disrupted. On January 31, 2020, the UK left the EU, commonly referred to as “Brexit,” and there commenced a transition period during which the EU and UK will negotiate and agree on the nature of their future relationship. There is significant market uncertainty regarding Brexit’s ramifications, and the range and potential implications of possible political, regulatory, economic, and market outcomes are difficult to predict. This uncertainty may affect other countries in the EU and elsewhere, and may cause volatility within the EU, triggering prolonged economic downturns in certain countries within the EU. In addition, Brexit may create additional and substantial economic stresses for the UK, including a contraction of the UK economy and price volatility in UK stocks, decreased trade, capital outflows, devaluation of the British pound, wider corporate bond spreads due to uncertainty and declines in business and consumer spending as well as foreign direct investment. Brexit may also adversely affect UK-based financial firms that have counterparties in the EU or participate in market infrastructure (trading venues, clearing houses, settlement facilities) based in the EU. These events and the resulting market volatility may have an adverse effect on the performance of the fund.
You should read this Supplement in conjunction with the Prospectus and retain it for future reference.
| JOHN HANCOCK BOND TRUST | JOHN HANCOCK INVESTMENT TRUST |
| JOHN HANCOCK CALIFORNIA TAX-FREE INCOME FUND | JOHN HANCOCK INVESTMENT TRUST II |
| JOHN HANCOCK CAPITAL SERIES | JOHN HANCOCK MUNICIPAL SECURITIES TRUST |
| JOHN HANCOCK FUNDS II | JOHN HANCOCK SOVEREIGN BOND FUND |
| JOHN HANCOCK FUNDS III | JOHN HANCOCK STRATEGIC SERIES |
Supplement dated February 6, 2020 to current Prospectuses including Class A shares (each, a Prospectus), as may be supplemented
The second and ninth bullets under “Waivers for certain investors” in the “Sales Charge Reductions and Waivers” section are revised and replaced as follows:
| • | Financial intermediaries utilizing fund shares in eligible retirement platforms, fee-based, or wrap investment products |
| • | 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, unless such brokerage relationship qualifies for a sales charge waiver as described. 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 |
You should read this Supplement in conjunction with the Prospectus and retain it for future reference.
| JOHN HANCOCK BOND TRUST | JOHN HANCOCK FUNDS III |
| JOHN HANCOCK CALIFORNIA TAX-FREE INCOME FUND | JOHN HANCOCK INVESTMENT TRUST |
| JOHN HANCOCK CAPITAL SERIES | JOHN HANCOCK INVESTMENT TRUST II |
| JOHN HANCOCK COLLATERAL TRUST | JOHN HANCOCK MUNICIPAL SECURITIES TRUST |
| JOHN HANCOCK CURRENT INTEREST | JOHN HANCOCK SOVEREIGN BOND FUND |
| JOHN HANCOCK EXCHANGE-TRADED FUND TRUST | JOHN HANCOCK STRATEGIC SERIES |
| JOHN HANCOCK FUNDS II | JOHN HANCOCK VARIABLE INSURANCE TRUST |
Supplement dated February 6, 2020 to the current Statement of Additional Information, as may be supplemented (the “SAI”)
Effective immediately, in consideration of the United Kingdom (UK)
formally leaving the European Union (EU) on January 31, 2020, the following risk disclosure pertaining to European risk is amended
and restated as follows:
Uncertainties regarding the viability of the EU have impacted and may continue to impact markets in the United States and around the world. If one or more countries leave the EU or the EU dissolves, securities markets would likely be significantly disrupted. On January 31, 2020, the UK left the EU, commonly referred to as “Brexit,” and there commenced a transition period during which the EU and UK will negotiate and agree on the nature of their future relationship. There is significant market uncertainty regarding Brexit’s ramifications, and the range and potential implications of possible political, regulatory, economic, and market outcomes are difficult to predict. This uncertainty may affect other countries in the EU and elsewhere, and may cause volatility within the EU, triggering prolonged economic downturns in certain countries within the EU. It is also possible that various countries within the UK, such as Scotland or Northern Ireland, could seek to separate and remain a part of the EU.
The UK has one of the largest economies in Europe and is a major trading partner with the other EU countries and the United States. Brexit might negatively affect The City of London’s economy, which is heavily dominated by financial services, as banks might be forced to move staff and comply with two separate sets of rules or lose business to banks in Continental Europe. In addition, Brexit may create additional and substantial economic stresses for the UK, including a contraction of the UK economy and price volatility in UK stocks, decreased trade, capital outflows, devaluation of the British pound, wider corporate bond spreads due to uncertainty and declines in business and consumer spending as well as foreign direct investment. Further, the UK’s departure from the EU would potentially cause volatility within the EU, which could trigger prolonged economic downturns in certain European countries or spark additional member states to contemplate departing the EU (thereby exacerbating political instability in the region). Brexit may also adversely affect UK-based financial firms that have counterparties in the EU or participate in market infrastructure (trading venues, clearing houses, settlement facilities) based in the EU. These events and the resulting market volatility may have an adverse effect on the performance of the fund.
In conjunction with the above, the following risk disclosure pertaining to Market events risk is amended and restated as follows:
Uncertainties surrounding the sovereign debt of a number of EU countries and the viability of the EU have disrupted and may in the future disrupt markets in the United States and around the world. If one or more countries leave the EU or the EU dissolves, the world’s securities markets likely will be significantly disrupted. On January 31, 2020, the UK left the EU, commonly referred to as “Brexit,” and there commenced a transition period during which the EU and UK will negotiate and agree on the nature of their future relationship. There is significant market uncertainty regarding Brexit’s ramifications, and the range and potential implications of possible political, regulatory, economic, and market outcomes are difficult to predict. This uncertainty may affect other countries in the EU and elsewhere, and may cause volatility within the EU, triggering prolonged economic downturns in certain countries within the EU. In addition, Brexit may create additional and substantial economic stresses for the UK, including a contraction of the UK economy and price volatility in UK stocks, decreased trade, capital outflows, devaluation of the British pound, wider corporate bond spreads due to uncertainty and declines in business and consumer spending as well as foreign direct investment. Brexit may also adversely affect UK-based financial firms that have counterparties in the EU or participate in market infrastructure (trading venues, clearing houses, settlement facilities) based in the EU. These events and the resulting market volatility may have an adverse effect on the performance of the fund.
You should read this Supplement in conjunction with the SAI and retain it for future reference.