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John Hancock Disciplined Value International Fund

Portfolio management of the John Hancock Disciplined Value International Fund is provided by Robeco Boston Partners, a division of Robeco Investment Management, Inc., the Fund’s sub-adviser. John Hancock Funds, LLC is the Fund’s distributor.

THIS MATERIAL IS FOR INSTITUTIONAL/BROKER DEALER USE ONLY. NOT FOR DISTRIBUTION OR USE WITH THE PUBLIC

Robeco Boston Partners

As of December 31, 2014

1 Key investment professionals have worked together since the founding of Boston Partners in 1995 and years before at a prior firm, where the investment philosophy was established.

Investment Profile

Value equity expertise founded in the early 1980s¹

Consistent and repeatable investment philosophy across all disciplines

Integrated bottom-up, fundamental and quantitative research

Value equity investment expertise for Robeco, a global asset management firm with $300 billion in AUM (as of 9/30/14)

Expertise of a boutique with the depth of a global firm

$71.5 Billion in Assets Under Management

Strategies Assets ($M)

Large Cap Value $31,595

Premium Equity (All Cap Value) $12,212

Mid Cap Value $14,704

Small Cap /Small Cap II/ Small-Mid Cap $2,775

Domestic Long/Short $8,218

Global/International Value $1,517

Global Long/Short $509

2 THIS MATERIAL IS FOR INSTITUTIONAL/BROKER DEALER USE ONLY. NOT FOR DISTRIBUTION OR USE WITH THE PUBLIC

Robeco Boston Partners Equity Investment Team

Trading

Portfolio Managers Product Specialists

Research Analysts

Mark Kuzminskas Director of Equity Trading

Thomas Walsh Senior Equity Trader

Ian Sylvetsky Junior Equity Trader

Christopher Bowker Equity Trader

Duilio Ramallo, CFA Premium Equity

19 years experience

Steven Pollack, CFA Mid Cap Value Equity 30 years experience

David Dabora, CFA Small Cap Value Equity Alpha Blue Capital L.P.

27 years experience

George Gumpert, CFA Small Cap Value Equity

15 years experience

Robert Jones, CFA Long/Short Equity

26 years experience

Christopher Hart, CFA Global & International Equity

23 years experience

Mark Donovan, CFA Large Cap Value Equity

33 years experience

David Pyle, CFA Large Cap Value Equity

19 years experience

Joseph Feeney, Jr., CFA Chief Investment Officer

Long/Short Research Fund 29 years experience

Martin MacDonnell, CFA 130/30 Large Cap Value Equity

Quantitative Strategies 23 years experience

Harry Rosenbluth, CFA Senior Advisor - Global &

International Equity 33 years experience

Matthew Ender Portfolio Trading Assistant

Lawrence Chan, CFA Industrials & Capital Equipment, Internet Services,

Payment Services, Recreational Products

Stephanie McGirr Retailers, Restaurants & Apparel, Health Care Services, Property &

Casualty Insurance

Todd Knightly Director of Fundamental Research

Gaming, Lodging & Leisure

Jason Bartlett, CFA Quantitative Strategies

Maggy Pietropaolo, CFA Quantitative Strategies

Joseph Urick Quantitative Strategies

Carissa Wong, CFA Quantitative Analyst

Joshua White, CFA Consumer Durables, Chemicals,

Packaging, General Manufacturing Global Generalist

Ronald Young, CFA Aerospace & Defense, Asset Managers &

Exchanges, Life Insurance, Telecommunications Equipment & Services,

Cable

Eric Connerly, CFA Director of Quantitative Research

Scott Burgess, CFA Computer Equipment &

Services, Electronics Manufacturers & Distributors, Computer Software,

Semiconductors & SemiCap Equipment

Kevin Duggan, CFA Banks & Thrifts, Investment Banks, Brokers, Specialty

Lenders, Transportation

Derrick Bellinger, CFA Media, Advertising, Consumer Products, Tobacco, Agriculture, Business Services

Ali Motamed, CFA Long/Short Generalist and Associate

Portfolio Manager

Joshua Jones, CFA Energy, Metals & Mining, Associate Portfolio Manager

Global and International

David Hinton, CFA Small Cap Generalist

Brian Boyden, CFA Utilities, Generators & Pipelines,

Health Care, Property REITs

Ross Klein, CFA Associate Research Analyst

Bruce Wimberly Long/Short Generalist

Andrew Sherman Associate Research Analyst

Leo Fochtman Quantitative Strategies

Jessica Ballis Associate Research Analyst

Volkan Gulen, CFA Energy

David Gullen, CFA, CAIA 16 years experience

Carolyn Margiotti, CFA 20 years experience

John Forelli, CFA 30 years experience

Brad Brezinski 6 years experience

Brandon Smith, CFA, CAIA 8 years experience

3

William Pawson 14 years experience

Patricia Correa 19 years experience

Paul Donovan Associate Research Analyst

Paul Korngiebel, CFA Global Generalist



1. Value discipline rooted in three “fundamental truths”

Low valuation stocks outperform high valuation stocks Companies with strong fundamentals (high returns on invested capital)

outperform companies with poor fundamentals Stocks with positive business momentum (improving trends/rising earnings)

outperform stocks with negative momentum

2. “Characteristics-based” investment approach

Valuation, fundamentals and momentum are analyzed using a bottom-up blend of qualitative and quantitative inputs

3. Preservation of capital

Laws of compounding mathematically dictate that protecting capital is the only risk that matters

“Win by not losing”: Keep pace in rising markets, outperform in falling markets and diversify your exposure

Value equity investment philosophy…three core principles



Stocks with all three characteristics tend to outperform over time

“Three circle” stock selection criteria

We BUY stocks that exhibit: Attractive value characteristics, and

Strong business fundamentals, and

Positive momentum

We SELL stocks based on: Valuation: Appreciation to price target, or

Weakening business fundamentals, or

Reversal of momentum

Fundamentals Valuation

Momentum

How much are we paying?

What are we buying?

Is business getting better, staying the same, or getting worse?


Robeco Boston Partners Stock Selection Process Quantitative Analysis Fundamental Analysis

Investment Universe Validate Screens

FactSet: Historical financial statements, ratios, stock performance, earnings revisions

Fundamental Research

Identify Catalyst

Determine Appropriate

Valuation Set target price

Investment Decision

Statistical ranking based on composite score of three factors:

Valuation: Multiples of earnings, cash flow, book value

Momentum: Earnings surprise and estimate revisions

Fundamentals: Operating returns on operating assets (OROA)

Target Rich Environment

Valuation: How much are we paying?

EV to Sales, Px to Earnings, EV to Cash flow, Px to Book, etc.

Momentum: Is the business improving or deteriorating?

Trend analysis: Profit margins, asset turnover, working capital, debt structure

Business Fundamentals: What are we buying?

Sales and earnings growth, profitability, liquidity, capital structure, intangible assets, ROIC/OROA

10-Ks/10-Qs/SEC filings

Press releases/ conference call transcripts/ street events

Management interviews

On-site company visits

Third party research

Internal models/ projections

Channel/ supplier checkings

Construct portfolio

Monitor existing holdings

Evaluate company/ industry developments

Review / adjust target prices



What is our risk control philosophy? Focus on two principal risks

Loss of capital Significant shortfalls vs. the benchmarks

How do we preserve capital? Consistent execution of “three circles” investment process

Stocks are sold when any one of the three characteristics are no longer present Portfolio characteristics managed using quantitative tools

How do we manage benchmark risk? Northfield multi-factor risk model to evaluate intentional and unintentional*

Sources of tracking error Sources of systematic/idiosyncratic risk

Continuously updated attribution

Portfolio risk controls

• *The Northfield Fundamental Model is a multi-factor risk model that decomposes the sources of tracking error into fundamental variables, beta, industry factors and stock specific residual risk


Robeco Boston Partners Summary

Robeco Boston Partners distinguishes itself through:

An analytical advantage In-house, bottom-up research employing an effective blend of quantitative and fundamental inputs

A consistent and repeatable investment process guided by our fundamental truths

Valuation, fundamentals and business momentum

The experience and familiarity of its investment team

Chris Hart rose from the analyst ranks to become Portfolio Manager; Josh Jones started as an analyst and became Associate Portfolio Manager on the strategy in 2008. Combined they have over 30 years of investment experience.

A risk-averse approach Proven ability to protect clients’ investment principal in declining markets



Portfolio Holdings are subject to change at any time and are not a recommendation to buy/sell a security. The securities identified and described do not represent all of the securities purchased, sold or recommended for the fund. It should not be assumed that an investment in these securities or sectors was or will be profitable.

Liberty Global PLC, Series C 4.24

Roche Holdings AG 3.40

Novartis AG 3.31

Fresenius SE & Company Kga 3.24

Aurelius AG 2.22

Cap Gemini SA 2.13

HSBC Holdings PLC 2.02

Allianz SE 1.99

Sanfran SA 1.90

WH Smith PLC 1.84

Total 26.29

Ten largest equity holdings as of December 31, 2014



10

Sector allocations are subject to change at any time. The MSCI Europe, Australasia, and Far East (EAFE) Index tracks the performance of publicly traded large- and mid-cap stocks of companies in those regions. Total returns are calculated gross of foreign withholding tax on dividends. It is not possible to invest directly in an index.

Sector Weightings as of December 31, 2014 (%)



Regional and Market Cap allocations are subject to change at any time. The MSCI Europe, Australasia, and Far East (EAFE) Index tracks the performance of publicly traded large- and mid-cap stocks of companies in those regions. Total returns are calculated gross of foreign withholding tax on dividends. It is not possible to invest directly in an index.

Regional Weightings as of December 31, 2014 (%) Market Capitalization Weightings as of

2014: Small < $2.0B; Mid $2.0B - $13.0B; Large > $13.0B

December 31, 2014 (%)



Characteristics are subject to change at any time. The MSCI Europe, Australasia, and Far East (EAFE) Index tracks the performance of publicly traded large- and mid-cap stocks of companies in those regions. Total returns are calculated gross of foreign withholding tax on dividends. It is not possible to invest directly in an index.*FCF Yield is reported as weighted average excluding financials.

Fundamentals Valuation

Momentum

Key Characteristics as of December 31, 2014 Valuation JH Disciplined Value International MSCI EAFE

FCF Yield* 5.3% 3.8%

P/E (FY1) 13.5x 14.0x EV/S 1.1x 1.3x

Fundamentals JH Disciplined Value International MSCI EAFE

Asset TO 0.7x 0.6x

ROE (5 Yr) 10.9% 8.9% OROA (5 Yr) 25.0% 18.1%

Momentum JH

Disciplined Value International

3M Hi/Lo 54% Percentile Estimate Change

Market Capitalization JH Disciplined

Value International

MSCI EAFE

Wtd. Avg. Mkt. Cap ($bil) $45.9 $60.6



Average annual total returns at NAV through 12/31/14

The Fund is the successor to Robeco Boston Partners International Equity Fund and was first offered on 9/29/14. Returns prior to this date are those of the predecessor fund's institutional class shares, launched on 12/30/11, and may be higher than if adjusted to reflect the expenses of any other share class.

For Class A shares, the Fund’s total annual operating expense ratio as of the current prospectus is 1.38%. For Class I shares, the Fund’s total annual operating expense ratio as of the current prospectus is 1.07%. Expenses for other share classes may vary, which will affect returns. Performance figures assume that all distributions are reinvested. Performance quoted without sales charges would be reduced if the sales charges were applied.

For performance data current to the most recent month end, call John Hancock Investments at 1-800-225-6020. The performance data contained within this material represents past performance, which does not guarantee future results. The return and principal value of an investment will fluctuate, so that shares, when redeemed, may be worth more or less than the original cost. Due to market volatility, the Fund’s current performance may be higher or lower and is subject to substantial changes.

For some periods, the Fund’s performance may have been influenced by investments in unusually hot industries, IPOs or other factors. Similar opportunities may or may nor be available in the future.

The MSCI Europe, Australasia, and Far East (EAFE) Index tracks the performance of publicly traded large- and mid-cap stocks of companies in those regions. Total returns are calculated gross of foreign withholding tax on dividends. It is not possible to invest directly in an index.

YTD 1-Year 3-Year Since inception

Disciplined Value International (A) -5.17% -5.17% 12.90% 12.88%

Disciplined Value International (I) -5.10% -5.10% 12.93% 12.91%

MSCI EAFE Index -4.48% -4.48% 11.56% 12.05%

Morningstar Foreign Large Value -6.32% -6.32% 9.38% 10.01%


Standardized Performance

Average annual total returns as of December 31, 2014

Disciplined Value International (A) YTD 1-Year Since inception

Without sales charge -5.17% -5.17% 12.88%

With maximum sales charge of 5% -9.92% -9.92% 10.97%

2014 2013 2012

Disciplined Value International (A)

-5.17% 29.84% 16.89%

MSCI EAFE Index -4.48% 23.29% 17.90%

Year-by-year total returns

The Fund is the successor to Robeco Boston Partners International Equity Fund and was first offered on 9/29/14. Returns prior to this date are those of the predecessor fund's institutional class shares, launched on 12/30/11, and may be higher than if adjusted to reflect the expenses of any other share class.

For Class A shares, the Fund’s total annual operating expense ratio as of the current prospectus is 1.38%. For Class I shares, the Fund’s total annual operating expense ratio as of the current prospectus is 1.07%. Expenses for other share classes may vary, which will affect returns. Performance figures assume that all distributions are reinvested. Performance quoted without sales charges would be reduced if the sales charges were applied.

For performance data current to the most recent month end, call John Hancock Investments at 1-800-225-6020. The performance data contained within this material represents past performance, which does not guarantee future results. The return and principal value of an investment will fluctuate, so that shares, when redeemed, may be worth more or less than the original cost. Due to market volatility, the Fund’s current performance may be higher or lower and is subject to substantial changes.

For some periods, the Fund’s performance may have been influenced by investments in unusually hot industries, IPOs or other factors. Similar opportunities may or may nor be available in the future.

The MSCI Europe, Australasia, and Far East (EAFE) Index tracks the performance of publicly traded large- and mid-cap stocks of companies in those regions. Total returns are calculated gross of foreign withholding tax on dividends. It is not possible to invest directly in an index.

– without sales charge


APPENDIX


Biography Information

Christopher K. Hart, CFA Mr. Hart is an equity portfolio manager for Boston Partners Global Equity and International Equity products. Prior to this, he was an assistant portfolio manager for the Boston Partners Small Cap Value products for three years. Before that, he was a research analyst and specialized in conglomerates, engineering and construction, building, machinery, aerospace & defense, and REITs sectors of the equity market. He joined the firm from Fidelity Investments where he was a research analyst. Mr. Hart holds a B.S. degree in finance, with a concentration in corporate finance from Clemson University. He holds the Chartered Financial Analyst® designation. He has twenty-three years of investment experience.

Joshua Jones, CFA Mr. Jones is a research analyst with Robeco Boston Partners, specializing in the energy, metals and mining sectors of the equity market and is a global generalist. He is also an associate portfolio manager on Robeco Boston Partners Global and International products. He joined the firm from Cambridge Associates where he was a consulting associate specializing in hedge fund clients. Mr. Jones holds a B.A. degree in economics from Bowdoin College. He holds the Chartered Financial Analyst® designation. He has ten years of professional experience.

Joseph F. Feeney, Jr., CFA Mr. Feeney is Co-Chief Executive Officer and Chief Investment Officer for Robeco Investment Management. He is responsible for the firm’s strategic, financial and operating decisions, and all aspects of investment management including the firm’s fundamental and quantitative research groups. Prior to assuming these roles, he was Director of Research and a Portfolio Manager, also serving as a member of the Management Committee. Mr. Feeney joined the firm upon its inception in 1995 from Putnam Investments where he managed mortgage-backed securities portfolios. He began his career at the Bank of Boston where he was a loan officer specializing highly on leverage loan portfolios. Mr. Feeney holds a B.S. degree in finance (Summa Cum Laude, Phi Beta Kappa) from the University of New Hampshire and an M.B.A. with High Honors from the University of Chicago. He holds the Chartered Financial Analyst designation and is past President of the Fixed Income Management Society of Boston. He has twenty-nine years of investment experience.

PORTFOLIO MANAGEMENT TEAM


MF 205565

Foreign investing, especially in emerging markets, has additional risks, such as currency and market volatility and political and social instability. Value stocks may decline in price. Hedging and other strategic transactions may increase volatility and result in losses if not successful. Large company stocks could fall out of favor, and illiquid securities may be difficult to sell at a price approximating their value. The stock prices of small and midsize companies can change more frequently and dramatically than those of large companies. The fund may invest its assets in a small number of issuers. Performance could suffer significantly from adverse events affecting these issuers. Please see the fund's prospectus for additional risks.

Clients should carefully consider a fund’s objectives, risks, charges and expenses before investing. The prospectus contains this and other important information about the fund. To obtain a prospectus, call John Hancock Investments at 1-800-225-6020 or visit our Web site at www.jhinvestments.com. Clients should read the prospectus carefully before investing or sending money.


Class (A) JDIBX Class (C) JDICX Class (I) JDVIX Class (R6) JDIUX

Additional Information

17

John Hancock Funds, LLC • MEMBER FINRA|SIPC • 601 Congress Street, Boston, MA 02210-2805 • www.jhinvestments.com NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.


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John Hancock Disciplined Value International Fundria.jhinvestments.com/CMS/DownloadableItems/Funds/... · John Hancock Disciplined Value International Fund ... Maggy Pietropaolo,