John Hancock
New Opportunities Fund
Quarterly portfolio holdings 11/30/2023
Fund’s investments |
As of 11-30-23
(unaudited)
Shares | Value | ||||
Common stocks 97.9% | $268,608,198 | ||||
(Cost $230,108,664) | |||||
Consumer discretionary 12.1% | 33,197,401 | ||||
Automobile components 1.9% | |||||
Dorman Products, Inc. (A) | 24,537 | 1,767,645 | |||
Fox Factory Holding Corp. (A) | 56,191 | 3,512,499 | |||
Diversified consumer services 2.6% | |||||
Grand Canyon Education, Inc. (A) | 52,184 | 7,134,596 | |||
Hotels, restaurants and leisure 2.7% | |||||
Chuy’s Holdings, Inc. (A) | 120,028 | 4,224,986 | |||
First Watch Restaurant Group, Inc. (A) | 38,414 | 694,525 | |||
Krispy Kreme, Inc. | 179,680 | 2,335,840 | |||
Household durables 1.9% | |||||
TopBuild Corp. (A) | 17,702 | 5,235,898 | |||
Specialty retail 2.1% | |||||
Lithia Motors, Inc. | 15,362 | 4,101,500 | |||
Revolve Group, Inc. (A) | 128,450 | 1,710,954 | |||
Textiles, apparel and luxury goods 0.9% | |||||
Oxford Industries, Inc. | 27,413 | 2,478,958 | |||
Energy 7.0% | 19,129,932 | ||||
Energy equipment and services 1.5% | |||||
ChampionX Corp. | 140,273 | 4,112,804 | |||
Oil, gas and consumable fuels 5.5% | |||||
Magnolia Oil & Gas Corp., Class A | 174,613 | 3,754,180 | |||
Matador Resources Company | 106,295 | 6,152,355 | |||
Permian Resources Corp. | 388,934 | 5,110,593 | |||
Financials 8.2% | 22,518,946 | ||||
Banks 1.7% | |||||
Ameris Bancorp | 52,480 | 2,234,598 | |||
Pinnacle Financial Partners, Inc. | 33,849 | 2,456,422 | |||
Capital markets 4.7% | |||||
Houlihan Lokey, Inc. | 44,515 | 4,795,156 | |||
PJT Partners, Inc., Class A | 62,290 | 5,609,837 | |||
Stifel Financial Corp. | 42,271 | 2,579,376 | |||
Financial services 1.8% | |||||
Flywire Corp. (A) | 207,878 | 4,843,557 | |||
Health care 24.7% | 67,782,318 | ||||
Biotechnology 9.4% | |||||
Arcutis Biotherapeutics, Inc. (A) | 184,736 | 339,914 | |||
BioCryst Pharmaceuticals, Inc. (A) | 380,753 | 2,238,828 | |||
Crinetics Pharmaceuticals, Inc. (A) | 133,931 | 4,257,666 | |||
Halozyme Therapeutics, Inc. (A) | 96,319 | 3,718,877 | |||
Insmed, Inc. (A) | 152,927 | 3,826,234 | |||
Travere Therapeutics, Inc. (A) | 171,676 | 1,078,125 | |||
Ultragenyx Pharmaceutical, Inc. (A) | 69,925 | 2,716,586 | |||
Veracyte, Inc. (A) | 124,676 | 3,191,706 | |||
Vericel Corp. (A) | 124,604 | 4,428,426 | |||
Health care equipment and supplies 3.9% | |||||
Artivion, Inc. (A) | 116,702 | 2,070,293 | |||
AtriCure, Inc. (A) | 68,659 | 2,436,021 |
2 | JOHN HANCOCK NEW OPPORTUNITIES FUND | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Shares | Value | ||||
Health care (continued) | |||||
Health care equipment and supplies (continued) | |||||
Globus Medical, Inc., Class A (A) | 57,875 | $2,599,745 | |||
ICU Medical, Inc. (A) | 13,741 | 1,205,910 | |||
Integra LifeSciences Holdings Corp. (A) | 57,794 | 2,264,947 | |||
Health care providers and services 4.4% | |||||
Acadia Healthcare Company, Inc. (A) | 60,194 | 4,393,560 | |||
HealthEquity, Inc. (A) | 57,907 | 3,880,927 | |||
US Physical Therapy, Inc. | 46,072 | 3,917,502 | |||
Life sciences tools and services 4.1% | |||||
Azenta, Inc. (A) | 99,162 | 5,589,762 | |||
CryoPort, Inc. (A) | 98,668 | 1,383,325 | |||
Medpace Holdings, Inc. (A) | 16,044 | 4,343,432 | |||
Pharmaceuticals 2.9% | |||||
Intra-Cellular Therapies, Inc. (A) | 68,509 | 4,204,397 | |||
Phathom Pharmaceuticals, Inc. (A) | 166,030 | 1,160,550 | |||
Supernus Pharmaceuticals, Inc. (A) | 93,049 | 2,535,585 | |||
Industrials 20.6% | 56,402,792 | ||||
Aerospace and defense 1.9% | |||||
Hexcel Corp. | 74,590 | 5,169,833 | |||
Building products 1.7% | |||||
Gibraltar Industries, Inc. (A) | 69,257 | 4,653,378 | |||
Electrical equipment 3.3% | |||||
Atkore, Inc. (A) | 50,005 | 6,495,650 | |||
Shoals Technologies Group, Inc., Class A (A) | 192,200 | 2,661,970 | |||
Machinery 7.3% | |||||
Alamo Group, Inc. | 24,086 | 4,424,598 | |||
Hillenbrand, Inc. | 81,789 | 3,168,506 | |||
RBC Bearings, Inc. (A) | 24,037 | 6,195,296 | |||
SPX Technologies, Inc. (A) | 71,380 | 6,089,428 | |||
Professional services 4.4% | |||||
CACI International, Inc., Class A (A) | 11,750 | 3,771,163 | |||
Exponent, Inc. | 52,137 | 4,012,464 | |||
Paycor HCM, Inc. (A) | 198,409 | 4,208,255 | |||
Trading companies and distributors 2.0% | |||||
SiteOne Landscape Supply, Inc. (A) | 39,428 | 5,552,251 | |||
Information technology 18.3% | 50,174,919 | ||||
Communications equipment 0.9% | |||||
Viavi Solutions, Inc. (A) | 315,377 | 2,548,246 | |||
Electronic equipment, instruments and components 2.3% | |||||
Novanta, Inc. (A) | 43,300 | 6,254,252 | |||
IT services 0.7% | |||||
Thoughtworks Holding, Inc. (A) | 481,827 | 1,879,125 | |||
Semiconductors and semiconductor equipment 5.6% | |||||
Allegro MicroSystems, Inc. (A) | 102,248 | 2,783,191 | |||
MACOM Technology Solutions Holdings, Inc. (A) | 59,733 | 5,016,377 | |||
Power Integrations, Inc. | 48,317 | 3,691,902 | |||
Silicon Laboratories, Inc. (A) | 36,692 | 3,866,236 | |||
Software 8.8% | |||||
Appfolio, Inc., Class A (A) | 29,348 | 5,554,109 | |||
CyberArk Software, Ltd. (A) | 33,740 | 6,723,370 |
SEE NOTES TO FUND’S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK NEW OPPORTUNITIES FUND | 3 |
Shares | Value | ||||
Information technology (continued) | |||||
Software (continued) | |||||
Intapp, Inc. (A) | 129,369 | $4,851,338 | |||
Rapid7, Inc. (A) | 42,281 | 2,289,516 | |||
The Descartes Systems Group, Inc. (A) | 58,209 | 4,717,257 | |||
Materials 4.2% | 11,623,791 | ||||
Chemicals 4.2% | |||||
Avient Corp. | 116,640 | 4,006,584 | |||
Balchem Corp. | 28,982 | 3,614,635 | |||
Quaker Chemical Corp. | 22,387 | 4,002,572 | |||
Real estate 2.8% | 7,778,099 | ||||
Hotel and resort REITs 1.4% | |||||
Ryman Hospitality Properties, Inc. | 39,070 | 3,920,675 | |||
Industrial REITs 1.4% | |||||
STAG Industrial, Inc. | 107,599 | 3,857,424 | |||
Yield (%) | Shares | Value | |||
Short-term investments 2.2% | $6,009,132 | ||||
(Cost $6,009,132) | |||||
Short-term funds 2.2% | 6,009,132 | ||||
State Street Institutional Treasury Money Market Fund, Premier Class | 5.2978(B) | 6,009,132 | 6,009,132 |
Total investments (Cost $236,117,796) 100.1% | $274,617,330 | ||||
Other assets and liabilities, net (0.1%) | (137,524) | ||||
Total net assets 100.0% | $274,479,806 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
(B) | The rate shown is the annualized seven-day yield as of 11-30-23. |
4 | JOHN HANCOCK NEW OPPORTUNITIES FUND | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Notes to Fund’s investments (unaudited) |
Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In case of emergency or other
disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value (NAV) may be determined as of the regularly scheduled close of the
NYSE pursuant to the Valuation Policies and Procedures of the Advisor, John Hancock Investment Management LLC.
In order to value the securities,
the fund uses the following valuation techniques: Equity securities, including exchange-traded or closed-end funds, are typically valued at the last sale price or official closing price on the exchange or principal
market where the security trades. In the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price. Investments by the fund in open-end
mutual funds are valued at their respective NAVs each business day.
In certain instances, the Pricing
Committee of the Advisor may determine to value equity securities using prices obtained from another exchange or market if trading on the exchange or market on which prices are typically obtained did not open for
trading as scheduled, or if trading closed earlier than scheduled, and trading occurred as normal on another exchange or market.
Other portfolio securities and
assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the Pricing Committee following procedures established by the Advisor and adopted by the
Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready
market for such securities existed.
The fund uses a three tier hierarchy
to prioritize the pricing assumptions, referred to as inputs, used in valuation techniques to measure fair value. Level 1 includes securities valued using quoted prices in active markets for identical securities,
including registered investment companies. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment
speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities
valued using significant unobservable inputs when market prices are not readily available or reliable, including the Advisor’s assumptions in determining the fair value of investments. Factors used in
determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the
risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.
As of November 30, 2023, all
investments are categorized as Level 1 under the hierarchy described above.
For additional information on the
fund’s significant accounting policies and risks, please refer to the fund’s most recent semiannual or annual shareholder report and prospectus.
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