BKOR Oak Ridge Financial Services Inc (PK)

John Hancock Funds III

John Hancock Core High Yield Fund

Supplement dated 7 –12– 13 to the Prospectuses dated 7 – 1 – 12

In the Who’s who section of the Fund details chapter under the heading Subadvisor, the last sentence of the first paragraph is amended and restated as follows:

As of March 31, 2013, John Hancock Asset Management a division of Manulife Asset Management (North America) Limited had approximately $99 billion in assets under management.

You should read this Supplement in conjunction with the Prospectus and retain it for future reference.

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