Statement of Additional Information Supplement
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 Financial Opportunities Fund | John Hancock Tax-Advantaged Global Shareholder Yield Fund |
John Hancock Funds II | John Hancock Variable Insurance Trust |
John Hancock Funds III |
Supplement dated December 27, 2021 to the current Statement of Additional Information, as may be supplemented (the “SAI”)
Effective December 31, 2021, Charles L. Bardelis is retiring as an Independent Trustee. Accordingly, all references to Mr. Bardelis as a current Independent Trustee are removed from each SAI after that date.
In addition, certain information under the “Board Committees” sub-section of the “Duties of Trustees; Committee Structure” section is amended, effective as of January 1, 2022, to reflect updated Committee memberships and Chairpersons, as applicable, for certain of the Committees as set forth below:
Audit Committee. The Board has a standing Audit Committee composed solely of Independent Trustees (Messrs. Burgess and Cunningham and Ms. Rathke). Mr. Burgess serves as Chairperson of this Committee.
Compliance Committee. The Board also has a standing Compliance Committee (Mses. Fey and Jackson). Ms. Fey serves as Chairperson of this Committee.
Investment Committee. The Board also has an Investment Committee composed of all of the Trustees. The Investment Committee has four subcommittees with the Trustees divided among the four subcommittees (each an “Investment Sub-Committee”). Ms. Jackson and Messrs. Boyle, Cunningham and Pruchansky serve as Chairpersons of the Investment Sub-Committees.
In addition, certain information under the “Risk Oversight” sub-section of the “Duties of Trustees; Committee Structure” section is amended, effective as of January 1, 2022, to reflect updates to the Investment Committee:
The Board has established an Investment Committee, which consists of four Investment Sub-Committees. Each Investment Sub-Committee assists the Board in overseeing the significant investment policies of the relevant funds and the performance of their subadvisors. The Advisor monitors these policies and subadvisor activities and may recommend changes in connection with the funds to each relevant Investment Sub-Committee in response to subadvisor requests or other circumstances. On at least a quarterly basis, each Investment Sub-Committee reviews reports from the Advisor regarding the relevant funds’ investment performance, which include information about investment and financial risks and how they are managed, and from the CCO or his/her designee regarding subadvisor compliance matters. In addition, each Investment Sub-Committee meets periodically with the portfolio managers of the funds’ subadvisors to receive reports regarding management of the funds, including with respect to risk management processes.
You should read this Supplement in conjunction with each SAI and retain it for your future reference.
Manulife, Manulife Investment Management, Stylized M Design, and Manulife
Investment Management & Stylized M Design are trademarks of
The Manufacturers Life Insurance Company and are used by its affiliates under license.
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