Looking for a Large Cap Growth fund? You may want to consider John Hancock2 Capital Appreciation 1 (JICPX) as a possible option. JICPX has a Zacks Mutual Fund Rank of 3 (Hold), which is based on various forecasting factors like size, cost, and past performance.

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JICPX is classified in the Large Cap Growth segment by Zacks, an area full of possibilities. Companies are usually considered to be large-cap if their stock market valuation is more than $10 billion. Large Cap Growth mutual funds invest in many large U.S. firms that are projected to grow at a faster rate than their large-cap peers.

John Hancock is based in Boston, MA, and is the manager of JICPX. The John Hancock2 Capital Appreciation 1 made its debut in October of 2005 and JICPX has managed to accumulate roughly $717.44 million in assets, as of the most recently available information. A team of investment professionals is the fund’s current manager.

Investors naturally seek funds with strong performance. This fund carries a 5-year annualized total return of 18.22%, and it sits in the top third among its category peers. Investors who prefer analyzing shorter time frames should look at its 3-year annualized total return of 6.56%, which places it in the bottom third during this time-frame.

It is important to note that the product’s returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund’s [%] sale charge. If sales charges were included, total returns would have been lower.

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When looking at a fund’s performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. The standard deviation of JICPX over the past three years is 23.26% compared to the category average of 17.79%. Over the past 5 years, the standard deviation of the fund is 23.73% compared to the category average of 18.29%. This makes the fund more volatile than its peers over the past half-decade.

Investors should note that the fund has a 5-year beta of 1.17, so it is likely going to be more volatile than the market at large. Another factor to consider is alpha, as it reflects a portfolio’s performance on a risk-adjusted basis relative to a benchmark-in this case, the S&P 500. JICPX’s 5-year performance has produced a positive alpha of 0.99, which means managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns.

Costs are increasingly important for mutual fund investing, and particularly as competition heats up in this market. And all things being equal, a lower cost product will outperform its otherwise identical counterpart, so taking a closer look at these metrics is key for investors. In terms of fees, JICPX is a no load fund. It has an expense ratio of 0.79% compared to the category average of 0.95%. So, JICPX is actually cheaper than its peers from a cost perspective.

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