Larry Puglia, manager of John Hancock Blue Chip Growth since 2005 and of T. Rowe Price Blue Chip Growth since its 1993 inception, will retire from subadvisor T. Rowe Price at year-end 2021. A well-telegraphed transition has been in the works since Paul Greene became associate portfolio manager in January 2020, and he'll officially take over on Oct. 1, 2021. With a smooth handoff setting the stage for continued success, the strategy retains its Above Average Process and People ratings. Its Morningstar Analyst Rating ranges from Silver to Neutral, depending on each share class' fees.
JHancock Blue Chip Growth 1 JIBCX
NAV / 1-Day Return
60.70
/
0.35
%
Total Assets
5.3 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.820%
Expense Ratio
0.820%
Fee Level
Average
Longest Manager Tenure
15.67
years
Category
Large Growth
Investment Style
Large GrowthMin. Initial Investment
0
Status
Open
TTM Yield
0.00%
Turnover
28%
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will JIBCX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable JIBCX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the JIBCX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of JIBCX’s parent organization’s priorities and whether they’re in line with investors’ interests.
John Hancock Blue Chip Growth Manager to Retire, but Future Still Bright
