# EDGAR Filing Document

**Accession Number:** 0000045291
**File Stem:** 0001193125-26-082046
**Filing Date:** 2026-2
**Character Count:** 24412
**Document Hash:** e3801fb620f8def8d8182748fd4b5065
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-082046.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0001193125-26-082046

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 4

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**EFFECTIVENESS DATE**: 20260227

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JOHN HANCOCK CAPITAL SERIES
- **CENTRAL INDEX KEY:** 0000045291

**ORGANIZATION NAME:**
- **EIN:** 042443211
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 002-29502
- **FILM NUMBER:** 26697987

**BUSINESS ADDRESS:**
- **STREET 1:** C/O JOHN HANCOCK FUNDS
- **STREET 2:** 200 BERKELEY STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02116
- **BUSINESS PHONE:** 617-663-3000

**MAIL ADDRESS:**
- **STREET 1:** C/O JOHN HANCOCK FUNDS
- **STREET 2:** 200 BERKELEY STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02116

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HANCOCK JOHN CAPITAL SERIES
- **DATE OF NAME CHANGE:** 19940316

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HANCOCK JOHN GROWTH TRUST /MA/
- **DATE OF NAME CHANGE:** 19910704

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HANCOCK JOHN GROWTH FUND INC
- **DATE OF NAME CHANGE:** 19850423

## Series and Classes Contracts Data

### Classic Value Fund (Series ID: S000000617)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000001745 | Class A      | PZFVX           |
| C000001747 | Class C      | JCVCX           |
| C000001748 | Class I      | JCVIX           |
| C000078721 | Class R5     | JCVVX           |
| C000106431 | Class R6     | JCVWX           |
| C000113483 | Class R2     | JCVSX           |

![](g565076jhim_blk.gif)

**March 1, 2026**

**Summary prospectus**

John Hancock Classic Value Fund

Before you invest, you may want to review the fund's prospectus, which contains more information about the fund and its risks. You can find the fund's prospectus and other information about the fund, including the Statement of Additional Information and most recent reports, online at www.jhinvestments.com/prospectuses. You can also get this information at no cost by calling 800-225-5291 or by sending an email request to info@jhinvestments.com. The fund's [prospectus and Statement of Additional Information](https://www.sec.gov/ix?doc=/Archives/edgar/data/45291/000119312526071211/d18463d485bpos.htm), both dated March 1, 2026, as may be supplemented, and most recent [financial highlights](https://www.sec.gov/ix?doc=/Archives/edgar/data/45291/000119312525327164/8de3f34f2561fa1.htm) information included in the shareholder report, dated October 31, 2025, are incorporated by reference into this summary prospectus.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Tickers** |  |  |  |  |  |
| A: PZFVX | C: JCVCX | I: JCVIX | R2: JCVSX | R5: JCVVX | R6: JCVWX |

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**Investment objective**

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To seek long-term growth of capital.

**Fees and expenses**

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This table describes the fees and expenses you may pay if you buy, hold, and sell shares of the fund. **You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below**. You may qualify for sales charge discounts on Class A shares if you and your family invest, or agree to invest in the future, at least $50,000 in the John Hancock family of funds. Intermediaries may have different policies and procedures regarding the availability of front-end sales charge waivers or contingent deferred sales charge (CDSC) waivers (See Appendix 1 - Intermediary sales charge waivers, which includes information about specific sales charge waivers applicable to the intermediaries identified therein). More information about these and other discounts is available from your financial professional and beginning on page 23 of the prospectus under "Sales charge reductions and waivers" or page 116 of the fund's Statement of Additional Information under "Sales Charges on Class A and Class C Shares."

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Shareholder fees (%)** (fees paid directly from your investment)  | **A** | **C** | **I** | **R2** | **R5** | **R6** |
| Maximum front-end sales charge (load) on purchases, as a % of purchase price | 5.00 |  |  |  |  |  |
| Maximum deferred sales charge (load) as a % of purchase or sale price, whichever <br> is less<br>| &nbsp;&nbsp; 1.00<br> (on certain <br> purchases, <br> including those of <br> $1 million or more)<br>| 1.00 |  |  |  |  |
| Small account fee (for fund account balances under $1,000) ($) | 20 | 20 |  |  |  |  |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Annual fund operating expenses (%)** (expenses that you pay each year as a percentage of <br> the value of your investment)<br>| **A** | **C** | **I** | **R2** | **R5** | **R6** |
| Management fee | 0.67 <br><sup>1</sup><br>| 0.67 <br><sup>1</sup><br>| 0.67 <br><sup>1</sup><br>| 0.67 <br><sup>1</sup><br>| 0.67 <br><sup>1</sup><br>| 0.67 <br><sup>1</sup><br>|
| Distribution and service (Rule 12b-1) fees | 0.25 | 1.00 | 0.00 | 0.25 | 0.00 | 0.00 |
| Other expenses |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Service plan fee | 0.00 | 0.00 | 0.00 | 0.25 <br><sup>2</sup><br>| 0.05 | 0.00 |
| &nbsp;&nbsp;&nbsp; Additional other expenses | 0.20 | 0.20 | 0.20 | 0.09 | 0.09 | 0.09 |
| Total other expenses | 0.20 | 0.20 | 0.20 | 0.34 | 0.14 | 0.09 |
| **Total annual fund operating expenses** | **1.12** | **1.87** | **0.87** | **1.26** | **0.81** | **0.76** |
| Contractual expense reimbursement | -0.01 <br><sup>3</sup><br>| -0.01 <br><sup>3</sup><br>| -0.01 <br><sup>3</sup><br>| -0.01 <br><sup>3</sup><br>| -0.01 <br><sup>3</sup><br>| -0.01 <br><sup>3</sup><br>|
| **Total annual fund operating expenses after expense reimbursements** | **1.11** | **1.86** | **0.86** | **1.25** | **0.80** | **0.75** |

---

**1**

"Management fee" has been restated to reflect the contractual management fee schedule effective July 1, 2025.

**2**

"Service plan fee" has been restated to reflect maximum allowable fees.

**3**

The advisor contractually agrees to waive a portion of its management fee and/or reimburse expenses for the fund and certain other John Hancock funds according to an asset level breakpoint schedule that is based on the aggregate net assets of all the funds participating in the waiver or reimbursement, including the fund (the participating portfolios). This waiver equals, on an annualized basis, 0.0100% of that portion of the aggregate net assets of all the participating portfolios that exceeds $75 billion but is less than or equal to $125 billion; 0.0125% of that portion of the aggregate net assets of all the participating portfolios that exceeds $125 billion but is less than or equal to $150 billion; 0.0150% of that portion of the aggregate net assets of all the participating portfolios that exceeds $150 billion but is less than or equal to $175 billion; 0.0175% of that portion of the aggregate net assets of all the participating portfolios that exceeds $175 billion but is less than or equal to $200 billion; 0.0200% of that portion of the aggregate net assets of all the participating portfolios that exceeds $200 billion but is less than or equal to $225 billion; and 0.0225% of that portion of the aggregate net assets of all the participating portfolios that exceeds $225 billion. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each participating portfolio. During its most recent fiscal year, the fund's

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John Hancock Classic Value Fund

reimbursement amounted to 0.01% of the fund's average daily net assets. This agreement expires on July 31, 2027, unless renewed by mutual agreement of the fund and the advisor based upon a determination that this is appropriate under the circumstances at that time.

**Expense example**

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This example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. Please see below a hypothetical example showing the expenses of a $10,000 investment for the time periods indicated and then, except as shown below, assuming you sell all of your shares at the end of those periods. The example assumes a 5% average annual return and that fund expenses will not change over the periods. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Shares Sold** | **Shares Sold** | **Shares Sold** | **Shares Sold** | **Shares Sold** | **Shares Sold** | **Shares**<br> **Not Sold**<br>|
| **Expenses ($)** | **A** | **C** | **I** | **R2** | **R5** | **R6** | **C** |
| 1 year | 608 | 289 | 88 | 127 | 82 | 77 | 189 |
| 3 years | 837 | 587 | 277 | 399 | 258 | 242 | 587 |
| 5 years | 1085 | 1010 | 481 | 691 | 449 | 421 | 1010 |
| 10 years | 1794 | 1994 | 1072 | 1522 | 1001 | 941 | 1994 |

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**Portfolio turnover**

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The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund's performance. During its most recent fiscal year, the fund's portfolio turnover rate was 13% of the average value of its portfolio.

**Principal investment strategies**

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Under normal conditions, the fund invests at least 80% of its net assets in domestic equity securities.

The manager seeks to identify companies that it believes are currently undervalued relative to the market, based on estimated future earnings and cash flow. These companies generally have market values at valuation ratios, such as price to book, below the market average defined by the S&P 500 Index.

In choosing individual securities, the manager screens a dynamic universe of the 500 largest publicly traded U.S. companies. (As of December 31, 2025, those with market values above approximately $17 billion.) The manager uses fundamental research and proprietary modeling to rank these companies from the cheapest to the most expensive based on current share price relative to estimated long-term earnings power. Focusing on the cheapest-ranked companies, the manager constructs a portfolio of stocks of companies it believes generally have current earnings below normal levels, a sound plan to restore earnings to normal, and a sustainable business advantage.

This systematic process is intended to ensure that the fund's portfolio avoids the emotional inputs that can lead to overvalued securities. The manager generally sells a security when it reaches fair value, there are more attractive opportunities, or there is a change in company fundamentals.

Under normal market conditions, the fund will be almost entirely invested in stocks. The fund may invest up to 20% of its net assets in debt securities, including those rated below investment-grade (below Baa by Moody's Investors Service, Inc. or below BBB by S&P Global Ratings or unrated equivalents) (i.e., junk bonds). The fund's investment policies are based on credit ratings at the time of purchase.

The fund may also invest up to 20% of its net assets in securities of foreign issuers that are not publicly traded in the United States, including depositary receipts. The fund may invest without regard to the 20% limitation in securities of foreign issuers that are listed and traded on a domestic national securities exchange. The fund may focus on particular sectors of the economy.

**Principal risks**

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An investment in the fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Many factors affect performance, and fund shares will fluctuate in price, meaning you could lose money. The fund's investment strategy may not produce the intended results.

The fund's main risks are listed below in alphabetical order, not in order of importance. *Before investing, be sure to read the additional descriptions of these risks beginning on page 5 of the prospectus*.

**Credit and counterparty risk.** The issuer or guarantor of a fixed-income security or a borrower of fund securities may not make timely payments or otherwise honor its obligations. A downgrade or default affecting any of the fund's securities could affect the fund's performance.

**Economic and market events risk.** Events in the U.S. and global financial markets, including actions taken by the U.S. Federal Reserve or foreign central banks to stimulate or stabilize economic growth, may at times result in unusually high market volatility, which could negatively impact performance. Reduced liquidity in credit and fixed-income markets could adversely affect issuers worldwide. Banks and financial services companies could suffer losses if interest rates rise or economic conditions deteriorate.

**Equity securities risk.** The price of equity securities may decline due to changes in a company's financial condition or overall market conditions. Securities the manager believes are undervalued may never realize their full potential value, and in certain markets value stocks may underperform the market as a whole.

**Fixed-income securities risk.** A rise in interest rates typically causes bond prices to fall. The longer the average maturity or duration of the bonds held by a fund, the more sensitive it will likely be to interest-rate fluctuations. An issuer may not make all interest payments or repay all or any of the principal borrowed. Changes in a security's credit quality may adversely affect fund performance.

**2**

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John Hancock Classic Value Fund

**Foreign securities risk.** Less information may be publicly available regarding foreign issuers, including foreign government issuers. Foreign securities may be subject to foreign taxes and may be more volatile than U.S. securities. Currency fluctuations and political and economic developments may adversely impact the value of foreign securities. Depositary receipts are subject to most of the risks associated with investing in foreign securities directly because the value of a depositary receipt is dependent upon the market price of the underlying foreign equity security. Depositary receipts are also subject to liquidity risk.

**Large company risk.** Larger companies may grow more slowly than smaller companies or be slower to respond to business developments. Large-capitalization securities may underperform the market as a whole.

**Liquidity risk.** The extent (if at all) to which a security may be sold without negatively impacting its market value may be impaired by reduced market activity or participation, legal restrictions, or other economic and market impediments. Liquidity risk may be magnified in rising interest rate environments due to higher than normal redemption rates. Widespread selling of fixed-income securities to satisfy redemptions during periods of reduced demand may adversely impact the price or salability of such securities. Periods of heavy redemption could cause the fund to sell assets at a loss or depressed value, which could negatively affect performance. Redemption risk is heightened during periods of declining or illiquid markets.

**Lower-rated and high-yield fixed-income securities risk.** Lower-rated and high-yield fixed-income securities (junk bonds) are subject to greater credit quality risk, risk of default, and price volatility than higher-rated fixed-income securities, may be considered speculative, and can be difficult to resell.

**Operational and cybersecurity risk.** Cybersecurity breaches may allow an unauthorized party to gain access to fund assets, customer data, or proprietary information, or cause a fund or its service providers to suffer data corruption or lose operational functionality. Similar incidents affecting issuers of a fund's securities may negatively impact performance. Operational risk may arise from human error, error by third parties, communication errors, or technology failures, among other causes.

**Sector risk.** When a fund focuses its investments in certain sectors of the economy, its performance may be driven largely by sector performance and could fluctuate more widely than if the fund were invested more evenly across sectors. To the extent that a fund invests in securities of companies in the financial services sector, the fund may be significantly affected by economic, market, and business developments, borrowing costs, interest-rate fluctuations, competition, and government regulation, among other factors, impacting that sector.

**Value investment style risk.** Value securities may underperform the market as a whole, which may cause value-oriented funds to underperform equity funds with other investment strategies. Securities the manager believes are undervalued may never perform as expected.

**Past performance**

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The following information illustrates the variability of the fund's returns and provides some indication of the risks of investing in the fund by showing changes in the fund's performance from year to year and by showing how the fund's average annual returns compared with a broad-based securities market index. Past performance (before and after taxes) does not indicate future results. The Russell 1000 Value Index shows how the fund's performance compares against the returns of similar investments. All figures assume dividend reinvestment. Performance information is updated daily, monthly, and quarterly and may be obtained at our website, jhinvestments.com, or by calling 800-225-5291, Monday to Thursday, 8:00 a.m.—7:00 p.m., and Friday, 8:00 a.m.—6:00 p.m., Eastern time.

Please note that after-tax returns (shown for Class A shares only) reflect the highest individual federal marginal income-tax rate in effect as of the date provided and do not reflect any state or local taxes. Your actual after-tax returns may be different. After-tax returns are not relevant to shares held in an IRA, 401(k), or other tax-advantaged investment plan. After-tax returns for other share classes would vary.

**Calendar year total returns (%)—Class A** (sales charges are not reflected in the bar chart and returns would have been lower if they were)

![](g565076classicvalue.jpg)

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| | | |
|:---|:---|:---|
| **Best quarter:** | Q4 2020 | 36.18% |
| **Worst quarter:** | Q1 2020 | -41.39% |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | | | |
|:---|:---|:---|:---|
| **Average annual total returns (%)—as of 12/31/2025** | **1 year** | **5 year** | **10 year** |
| **Class A** (before tax) | &nbsp;&nbsp; 6.27 | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;9.27 | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;8.37 |
| &nbsp;&nbsp;&nbsp; after tax on distributions | &nbsp;&nbsp; -0.41 | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;4.77 | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;5.85 |
| &nbsp;&nbsp;&nbsp; after tax on distributions, with sale | &nbsp;&nbsp; 8.56 | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;6.88 | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;6.52 |
| **Class C** | 10.20 | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;9.56 | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;8.11 |
| **Class I** | 12.13 | &nbsp;&nbsp;&nbsp;&nbsp;10.67 | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;9.20 |
| **Class R2** | 11.70 | &nbsp;&nbsp;&nbsp;&nbsp;10.25 | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;8.78 |
| **Class R5** | 12.22 | &nbsp;&nbsp;&nbsp;&nbsp;10.74 | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;9.26 |

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**3**

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John Hancock Classic Value Fund

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| | | | |
|:---|:---|:---|:---|
| **Average annual total returns (%)—as of 12/31/2025** | **1 year** | **5 year** | **10 year** |
| **Class R6** | 12.22 | &nbsp;&nbsp;&nbsp;&nbsp;10.78 | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;9.31 |
| Russell 1000 Index (reflects no deduction for fees, expenses, or taxes) | 17.37 | &nbsp;&nbsp;&nbsp;&nbsp;13.59 | &nbsp;&nbsp;&nbsp;&nbsp;14.59 |
| Russell 1000 Value Index (reflects no deduction for fees, expenses, or taxes) | 15.91 | &nbsp;&nbsp;&nbsp;&nbsp;11.33 | &nbsp;&nbsp;&nbsp;&nbsp;10.53 |

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**Investment management**

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**Investment advisor** John Hancock Investment Management LLC

**Subadvisor** Pzena Investment Management, LLC

**Portfolio management**

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The following individuals are jointly and primarily responsible for the day-to-day management of the fund's portfolio.

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| | | | |
|:---|:---|:---|:---|
| **Daniel L. Babkes** | **John J. Flynn** | **Richard S. Pzena** | **Benjamin S. Silver, CFA** |
| *Principal and Portfolio Manager*<br> Managed the fund since 2024<br>| &nbsp;&nbsp; *Principal and Portfolio Manager*<br> Managed the fund since 2017<br>| &nbsp;&nbsp; *Founder, Principal, Chairman,* <br> *Co-Chief Investment Officer, and* <br> *Portfolio Manager*<br> Managed the fund since 1996<br>| &nbsp;&nbsp; *Principal and Portfolio Manager*<br> Managed the fund since 2012<br>|

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**Purchase and sale of fund shares**

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The minimum initial investment requirement for Class A and Class C shares is $1,000 ($250 for group investments), except that there is no minimum for certain group retirement plans, certain fee-based or wrap accounts, or certain other eligible investment product platforms. The minimum initial investment requirement for Class I shares is $250,000, except that the fund may waive the minimum for any category of investors at the fund's sole discretion. There are no minimum initial investment requirements for Class R2 or Class R5 shares. The minimum initial investment requirement for Class R6 shares is $1 million, except that there is no minimum for: qualified and nonqualified plan investors; certain eligible qualifying investment product platforms; Trustees, employees of the advisor or its affiliates, employees of the subadvisor, members of the fund's portfolio management team and the spouses and children (under age 21) of the aforementioned. There are no subsequent minimum investment requirements.

Class A, Class C, Class I, and Class R6 shares may be redeemed on any business day by mail: John Hancock Signature Services, Inc., P.O. Box 219909, Kansas City, MO 64121-9909; or for most account types through our website: jhinvestments.com; or by telephone: 800-225-5291. Class R2 and Class R5 shares may be redeemed on any business day by contacting your retirement plan administrator or recordkeeper.

**Taxes**

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The fund's distributions are taxable, and will be taxed as ordinary income and/or capital gains, unless you are investing through a tax-deferred arrangement, such as a 401(k) plan or individual retirement account. Withdrawals from such tax-deferred arrangements may be subject to tax at a later date.

**Payments to broker-dealers and other financial intermediaries**

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If you purchase the fund through a broker-dealer or other financial intermediary (such as a bank, registered investment advisor, financial planner, or retirement plan administrator), the fund and its related companies may pay the broker-dealer or other intermediary for the sale of fund shares and related services. These payments may create a conflict of interest by influencing the broker-dealer or other intermediary and your salesperson to recommend the fund over another investment. These payments are not applicable to Class R6 shares. Ask your salesperson or visit your financial intermediary's website for more information.

![](g565076img622ddbd11.jpg)© 2026 John Hancock Investment Management Distributors LLC, Member FINRA, SIPC <br>200 Berkeley Street, Boston, MA 02116 <br>800-225-5291, jhinvestments.com

Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock, and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.

SEC file number: 811-01677 <br>380SP 3/1/26

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