Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Classic Value Fund
mutual fund
PZFVX
Payout Change
Pending
Price as of:
$23.74
+0.14
+0.59%
primary theme
U.S. Large-Cap Value Equity
share class
PZFVX (Mutual Fund)
Classic Value Fund
Payout Change
Pending
Price as of:
$23.74
+0.14
+0.59%
primary theme
U.S. Large-Cap Value Equity
share class
PZFVX (Mutual Fund)
Classic Value Fund
Payout Change
Pending
Price as of:
$23.74
+0.14
+0.59%
primary theme
U.S. Large-Cap Value Equity
share class
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
4.4%
1 yr return
5.0%
3 Yr Avg Return
5.3%
5 Yr Avg Return
7.6%
Net Assets
$1.63 B
Holdings in Top 10
37.6%
52 WEEK LOW AND HIGH
$23.6
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.14%
SALES FEES
Front Load 5.00%
Deferred Load N/A
TRADING FEES
Turnover 25.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
PZFVX - Profile
Distributions
- YTD Total Return 4.4%
- 3 Yr Annualized Total Return 5.3%
- 5 Yr Annualized Total Return 7.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.68%
- Dividend Yield 2.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameClassic Value Fund
-
Fund Family NameJohn Hancock Group of Funds
-
Inception DateJul 20, 1998
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRichard Pzena
Fund Description
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, 2023, those with market values above approximately $15 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.
Read More
PZFVX - Performance
Return Ranking - Trailing
| Period | PZFVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.4% | -32.7% | 51.5% | 99.81% |
| 1 Yr | 5.0% | -32.4% | 51.6% | 99.81% |
| 3 Yr | 5.3%* | -9.5% | 17.8% | 99.81% |
| 5 Yr | 7.6%* | -2.1% | 43.8% | 99.70% |
| 10 Yr | 6.9%* | 1.2% | 24.7% | 99.35% |
* Annualized
Return Ranking - Calendar
| Period | PZFVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 11.5% | -16.9% | 46.1% | 20.64% |
| 2022 | -22.4% | -64.7% | 4.6% | 93.16% |
| 2021 | 27.5% | -44.2% | 57.5% | 6.76% |
| 2020 | -3.9% | -23.2% | 285.0% | 79.42% |
| 2019 | 19.3% | -21.4% | 48.5% | 47.47% |
Total Return Ranking - Trailing
| Period | PZFVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.4% | -32.7% | 51.5% | 99.81% |
| 1 Yr | 5.0% | -32.4% | 51.6% | 99.81% |
| 3 Yr | 5.3%* | -9.5% | 17.8% | 99.81% |
| 5 Yr | 7.6%* | -2.1% | 43.8% | 99.70% |
| 10 Yr | 6.9%* | 1.2% | 24.7% | 99.35% |
* Annualized
Total Return Ranking - Calendar
| Period | PZFVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 18.6% | -15.9% | 46.7% | 10.23% |
| 2022 | -7.0% | -42.0% | 8.5% | 62.74% |
| 2021 | 28.3% | 3.6% | 129.7% | 25.17% |
| 2020 | -2.7% | -22.6% | 304.8% | 90.76% |
| 2019 | 24.8% | -12.7% | 52.1% | 60.19% |
NAV & Total Return History
PZFVX - Holdings
Concentration Analysis
| PZFVX | Category Low | Category High | PZFVX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.63 B | 2.09 M | 163 B | 40.04% |
| Number of Holdings | 37 | 2 | 1727 | 89.52% |
| Net Assets in Top 10 | 482 M | 466 K | 39.5 B | 42.10% |
| Weighting of Top 10 | 37.59% | 4.4% | 99.1% | 17.99% |
Top 10 Holdings
- DOW INC COMMON STOCK USD.01 4.61%
- CITIGROUP INC COMMON STOCK USD.01 4.54%
- BAXTER INTERNATIONAL INC COMMON STOCK USD1.0 3.97%
- WELLS FARGO and CO COMMON STOCK USD1.666 3.87%
- JH COLLATERAL 3.72%
- CVS HEALTH CORP COMMON STOCK USD.01 3.55%
- CAPITAL ONE FINANCIAL CORP COMMON STOCK USD.01 3.45%
- CHARTER COMMUNICATIONS INC COMMON STOCK USD.001 3.43%
- SSandC TECHNOLOGIES HOLDINGS INC COMMON STOCK USD.01 3.26%
- HUMANA INC COMMON STOCK USD.1666666 3.19%
Asset Allocation
| Weighting | Return Low | Return High | PZFVX % Rank | |
|---|---|---|---|---|
| Stocks | 97.57% | 4.16% | 102.49% | 62.39% |
| Cash | 6.05% | 0.00% | 17.28% | 3.37% |
| Preferred Stocks | 0.00% | 0.00% | 13.68% | 45.46% |
| Other | 0.00% | -2.59% | 39.89% | 54.82% |
| Convertible Bonds | 0.00% | 0.00% | 3.66% | 42.20% |
| Bonds | 0.00% | 0.00% | 97.99% | 44.34% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PZFVX % Rank | |
|---|---|---|---|---|
| Financial Services | 31.36% | 0.00% | 58.05% | 2.27% |
| Consumer Cyclical | 13.90% | 0.00% | 22.74% | 3.78% |
| Technology | 11.60% | 0.00% | 54.02% | 40.23% |
| Healthcare | 9.62% | 0.00% | 30.08% | 94.33% |
| Energy | 9.58% | 0.00% | 54.00% | 26.53% |
| Industrials | 9.38% | 0.00% | 42.76% | 73.18% |
| Utilities | 7.67% | 0.00% | 27.04% | 15.86% |
| Consumer Defense | 3.98% | 0.00% | 34.10% | 89.14% |
| Basic Materials | 2.92% | 0.00% | 20.01% | 61.19% |
| Real Estate | 0.00% | 0.00% | 90.54% | 90.46% |
| Communication Services | 0.00% | 0.00% | 26.58% | 98.39% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PZFVX % Rank | |
|---|---|---|---|---|
| US | 97.57% | 4.16% | 102.49% | 46.87% |
| Non US | 0.00% | 0.00% | 24.08% | 59.21% |
PZFVX - Expenses
Operational Fees
| PZFVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.14% | 0.03% | 14.82% | 32.30% |
| Management Fee | 0.71% | 0.00% | 1.50% | 79.83% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 36.88% |
| Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
| PZFVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.00% | 1.00% | 5.75% | 81.17% |
| Deferred Load | N/A | 0.95% | 5.00% | N/A |
Trading Fees
| PZFVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| PZFVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 25.00% | 0.00% | 488.00% | 35.30% |
PZFVX - Distributions
Dividend Yield Analysis
| PZFVX | Category Low | Category High | PZFVX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.04% | 0.00% | 16.67% | 18.16% |
Dividend Distribution Analysis
| PZFVX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
| PZFVX | Category Low | Category High | PZFVX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.68% | -1.51% | 4.28% | 83.72% |
Capital Gain Distribution Analysis
| PZFVX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 20, 2024 | $0.927 | OrdinaryDividend |
| Dec 20, 2024 | $0.719 | CapitalGainShortTerm |
| Dec 20, 2024 | $10.731 | CapitalGainLongTerm |
| Dec 19, 2023 | $0.480 | OrdinaryDividend |
| Dec 19, 2023 | $1.715 | CapitalGainLongTerm |
| Dec 19, 2022 | $5.988 | OrdinaryDividend |
| Dec 17, 2021 | $0.233 | OrdinaryDividend |
| Dec 18, 2020 | $0.405 | OrdinaryDividend |
| Dec 13, 2019 | $0.783 | OrdinaryDividend |
| Dec 13, 2019 | $0.709 | CapitalGainLongTerm |
| Dec 14, 2018 | $0.204 | CapitalGainShortTerm |
| Dec 14, 2018 | $0.076 | CapitalGainLongTerm |
| Dec 14, 2018 | $0.387 | OrdinaryDividend |
| Dec 15, 2017 | $0.322 | OrdinaryDividend |
| Dec 16, 2016 | $0.520 | OrdinaryDividend |
| Dec 16, 2015 | $0.344 | OrdinaryDividend |
| Dec 16, 2014 | $0.220 | OrdinaryDividend |
| Dec 16, 2013 | $0.201 | OrdinaryDividend |
| Dec 17, 2012 | $0.189 | OrdinaryDividend |
| Dec 15, 2011 | $0.157 | OrdinaryDividend |
| Dec 20, 2010 | $0.031 | OrdinaryDividend |
| Dec 14, 2009 | $0.115 | OrdinaryDividend |
| Dec 15, 2008 | $0.427 | CapitalGainLongTerm |
| Dec 15, 2008 | $0.344 | OrdinaryDividend |
| Dec 13, 2007 | $0.068 | CapitalGainShortTerm |
| Dec 13, 2007 | $1.766 | CapitalGainLongTerm |
| Dec 13, 2007 | $0.412 | OrdinaryDividend |
| Dec 20, 2006 | $0.102 | CapitalGainShortTerm |
| Dec 20, 2006 | $0.748 | CapitalGainLongTerm |
| Dec 20, 2006 | $0.194 | OrdinaryDividend |
| Dec 21, 2005 | $0.065 | CapitalGainShortTerm |
| Dec 21, 2005 | $0.232 | CapitalGainLongTerm |
| Dec 21, 2005 | $0.099 | OrdinaryDividend |
| Dec 22, 2004 | $0.011 | CapitalGainShortTerm |
| Dec 22, 2004 | $0.058 | CapitalGainLongTerm |
| Dec 22, 2004 | $0.085 | OrdinaryDividend |
| Dec 16, 2003 | $0.061 | CapitalGainShortTerm |
| Dec 16, 2003 | $0.062 | CapitalGainLongTerm |
| Dec 16, 2003 | $0.129 | OrdinaryDividend |
| Oct 05, 2002 | $0.436 | CapitalGainLongTerm |
| Oct 05, 2002 | $0.022 | OrdinaryDividend |
PZFVX - Fund Manager Analysis
Managers
Richard Pzena
Start Date
Tenure
Tenure Rank
Jun 24, 1996
25.95
26.0%
Richard S. Pzena, Founder, Managing Principal, Co-Chief Investment Officer, Portfolio Manager, and member of the firm’s Executive Committee. Mr. Pzena is the architect of the firm’s investment strategy and conceived and developed our proprietary screening model. He serves as co-portfolio manager for the U.S. Large Cap and Mid Cap strategies, Focused Value, and U.S. Best Ideas. Mr. Pzena began the firm in 1995. Prior to forming Pzena Investment Management, Mr. Pzena was the Director of U.S. Equity Investments and Chief Research Officer for Sanford C. Bernstein & Company. He joined Bernstein as an oil industry analyst and was named to the Institutional Investor All America Research Team for three years running. Mr. Pzena also served as Chief Investment Officer, Small Cap Equities. Prior to joining Bernstein, Mr. Pzena worked for the Amoco Corporation in various financial and planning roles. He earned a B.S. summa cum laude and an M.B.A. from the Wharton School of the University of Pennsylvania.
Benjamin Silver
Start Date
Tenure
Tenure Rank
Nov 19, 2012
9.53
9.5%
Benjamin S. Silver, CFA, CPA, Principal and Portfolio Manager. Mr. Silver serves as co-portfolio manager for the U.S. Mid Cap, Large Cap, and Global strategies, along with the Focused Value and Small Cap Focused Value services. Mr. Silver became a member of the firm in 2001. Prior to joining Pzena Investment Management, Mr. Silver was a research analyst at Levitas & Company, a value-based equity hedge fund, and a manager for Ernst & Young LLP in their Financial Services Group.
John Flynn
Start Date
Tenure
Tenure Rank
Jan 01, 2017
5.41
5.4%
John J. Flynn, Principal and Portfolio Manager. Mr. Flynn is a co-portfolio manager for the U.S. Mid Cap and Large Cap strategies, along with the Focused Value and Small Cap Focused Value services. Mr. Flynn became a member of the firm in 2005. Prior to joining Pzena Investment Management, Mr. Flynn was an associate at Weston Presidio, a middle-market private equity investment firm. He earned a B.A. in Music from Yale University and an M.B.A. with distinction from the Harvard Business School.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.05 | 86.59 | 8.12 | 6.71 |
