UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-21779
JOHN HANCOCK FUNDS II
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(Exact name of registrant as specified in charter)
200 BERKELEY STREET, BOSTON, MA 02216
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(Address of principal executive offices) (Zip code)
SALVATORE SCHIAVONE, 200 BERKELEY STREET, BOSTON, MA 02216
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(Name and address of agent for service)
Registrant's telephone number, including area code: (617) 663-4497
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Date of fiscal year end: 7/31
Date of reporting period: 1/31/21
ITEM 1. REPORTS TO STOCKHOLDERS.
The Registrant prepared five semiannual reports to for the period ended January 31, 2021. The first report applies Short Duration Credit Opportunities Fund, the second report applies to Absolute Return Currency Fund, the third report applies to Fundamental All Cap Core Fund, the fourth report applies to Diversified Strategies Fund, and the fifth report applies to Multi-Asset Absolute Return Strategies Fund.
President and CEO,
John Hancock Investment Management
Head of Wealth and Asset Management,
United States and Europe
SEMIANNUAL REPORT | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | 1 |
2 | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | 3 |
COUNTRY COMPOSITION AS OF 1/31/2021 (% of net assets) | |
United States | 72.0 |
Mexico | 2.1 |
Indonesia | 1.3 |
United Kingdom | 1.3 |
Canada | 1.3 |
France | 1.2 |
Russia | 1.1 |
South Africa | 1.0 |
Other countries | 18.7 |
TOTAL | 100.0 |
4 | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | SEMIANNUAL REPORT |
Average annual total returns (%) with maximum sales charge | Cumulative total returns (%) with maximum sales charge | SEC 30-day yield (%) subsidized | SEC 30-day yield (%) unsubsidized† | ||||||
1-year | 5-year | 10-year | 6-month | 5-year | 10-year | as of 1-31-21 | as of 1-31-21 | ||
Class A | 1.79 | 4.00 | 2.63 | 1.65 | 21.64 | 29.69 | 1.87 | 1.86 | |
Class C1 | 2.71 | 3.82 | 2.42 | 2.86 | 20.64 | 27.03 | 1.22 | 1.21 | |
Class I2 | 4.86 | 4.87 | 3.21 | 4.38 | 26.81 | 37.18 | 2.22 | 2.21 | |
Class R61,2 | 4.87 | 4.98 | 3.16 | 4.44 | 27.51 | 36.44 | 2.31 | 2.30 | |
Class NAV2 | 4.99 | 5.01 | 3.37 | 4.55 | 27.69 | 39.34 | 2.32 | 2.31 | |
Index†† | 4.23 | 3.42 | 2.97 | 1.02 | 18.32 | 34.02 | — | — |
Class A | Class C | Class I | Class R6 | Class NAV | |
Gross (%) | 1.23 | 1.93 | 0.93 | 0.82 | 0.81 |
Net (%) | 1.22 | 1.92 | 0.92 | 0.81 | 0.80 |
SEMIANNUAL REPORT | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | 5 |
Start date | With maximum sales charge ($) | Without sales charge ($) | Index ($) | |
Class C1,3 | 1-31-11 | 12,703 | 12,703 | 13,402 |
Class I2 | 1-31-11 | 13,718 | 13,718 | 13,402 |
Class R61,2 | 1-31-11 | 13,644 | 13,644 | 13,402 |
Class NAV2 | 1-31-11 | 13,934 | 13,934 | 13,402 |
1 | Class C and Class R6 shares were first offered on 6-27-14 and 3-27-15, respectively. Returns prior to these dates are those of Class A shares that have not been adjusted for class-specific expenses; otherwise, returns would vary. |
2 | For certain types of investors, as described in the fund's prospectuses. |
3 | The contingent deferred sales charge is not applicable. |
6 | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | 7 |
Account value on 8-1-2020 | Ending value on 1-31-2021 | Expenses paid during period ended 1-31-20211 | Annualized expense ratio | ||
Class A | Actual expenses/actual returns | $1,000.00 | $1,042.20 | $6.28 | 1.22% |
Hypothetical example | 1,000.00 | 1,019.10 | 6.21 | 1.22% | |
Class C | Actual expenses/actual returns | 1,000.00 | 1,038.60 | 9.87 | 1.92% |
Hypothetical example | 1,000.00 | 1,015.50 | 9.75 | 1.92% | |
Class I | Actual expenses/actual returns | 1,000.00 | 1,043.80 | 4.74 | 0.92% |
Hypothetical example | 1,000.00 | 1,020.60 | 4.69 | 0.92% | |
Class R6 | Actual expenses/actual returns | 1,000.00 | 1,044.40 | 4.17 | 0.81% |
Hypothetical example | 1,000.00 | 1,021.10 | 4.13 | 0.81% | |
Class NAV | Actual expenses/actual returns | 1,000.00 | 1,045.50 | 4.12 | 0.80% |
Hypothetical example | 1,000.00 | 1,021.20 | 4.08 | 0.80% |
1 | Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half year period). |
8 | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | SEMIANNUAL REPORT |
Rate (%) | Maturity date | Par value^ | Value | ||
U.S. Government and Agency obligations 1.2% | $8,041,774 | ||||
(Cost $8,006,700) | |||||
U.S. Government Agency 1.2% | 8,041,774 | ||||
Federal National Mortgage Association | |||||
30 Yr Pass Thru (A) | 2.500 | TBA | 4,500,000 | 4,740,469 | |
30 Yr Pass Thru (A) | 3.000 | TBA | 3,000,000 | 3,154,924 | |
Government National Mortgage Association | |||||
30 Yr Pass Thru | 4.500 | 01-15-40 | 70,954 | 80,840 | |
30 Yr Pass Thru | 6.000 | 08-15-35 | 55,959 | 65,541 | |
Foreign government obligations 15.2% | $102,430,872 | ||||
(Cost $100,873,148) | |||||
Angola 0.3% | 1,772,042 | ||||
Republic of Angola | |||||
Bond (6 month LIBOR + 4.500%) (B) | 4.757 | 12-07-23 | 276,000 | 248,400 | |
Bond (6 month LIBOR + 7.500%) (B) | 7.760 | 07-01-23 | 914,615 | 855,312 | |
Bond (C) | 9.125 | 11-26-49 | 689,000 | 668,330 | |
Argentina 0.5% | 3,457,292 | ||||
Republic of Argentina | |||||
Bond | 1.000 | 07-09-29 | 82,164 | 34,098 | |
Bond (0.125% to 7-9-21, then 0.500% to 7-9-23, then 0.750% to 7-9-27, then 1.750% thereafter) (0.125% to 7-9-21, then 0.500% to 7-9-23, then 0.750% to 7-9-27, then 1.750% thereafter) | 0.125 | 07-09-30 | 6,326,423 | 2,423,020 | |
Bond (0.125% to 7-9-21, then 1.125% to 7-9-22, then 1.500% to 7-9-23, then 3.625% to 7-9-24, then 4.125% to 7-9-27, then 4.375% to 7-9-28, then 5.000% thereafter) (0.125% to 7-9-21, then 1.125% to 7-9-22, then 1.500% to 7-9-23, then 3.625% to 7-9-24, then 4.125% to 7-9-27, then 4.375% to 7-9-28, then 5.000% thereafter) | 0.125 | 07-09-46 | 1,435,000 | 495,075 | |
Bond (0.125% to 7-9-21, then 1.125% to 7-9-22, then 1.500% to 7-9-23, then 3.625% to 7-9-24, then 4.125% to 7-9-27, then 4.750% to 7-9-28, then 5.000% thereafter) (0.125% to 7-9-21, then 1.125% to 7-9-22, then 1.500% to 7-9-23, then 3.625% to 7-9-24, then 4.125% to 7-9-27, then 4.750% to 7-9-28, then 5.000% thereafter) | 0.125 | 07-09-35 | 961,000 | 329,143 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | 9 |
Rate (%) | Maturity date | Par value^ | Value | ||
Argentina (continued) | |||||
Bond (0.125% to 7-9-21, then 2.000% to 7-9-22, then 3.875% to 7-9-23, then 4.250% to 7-9-24, then 5.000% thereafter) (0.125% to 7-9-21, then 2.000% to 7-9-22, then 3.875% to 7-9-23, then 4.250% to 7-9-24, then 5.000% thereafter) | 0.125 | 01-09-38 | 448,295 | $175,956 | |
Armenia 0.1% | 323,519 | ||||
Republic of Armenia | |||||
Bond (C) | 3.600 | 02-02-31 | 331,000 | 323,519 | |
Bahamas 0.0% | 184,253 | ||||
Commonwealth of Bahamas | |||||
Bond (C) | 8.950 | 10-15-32 | 171,000 | 184,253 | |
Bahrain 0.1% | 610,820 | ||||
Kingdom of Bahrain | |||||
Bond (C) | 5.625 | 09-30-31 | 396,000 | 406,407 | |
Bond | 6.000 | 09-19-44 | 207,000 | 204,413 | |
Belarus 0.2% | 1,491,225 | ||||
Republic of Belarus | |||||
Bond | 6.200 | 02-28-30 | 200,000 | 201,273 | |
Bond | 6.378 | 02-24-31 | 92,000 | 93,287 | |
Bond | 7.625 | 06-29-27 | 655,000 | 715,877 | |
Bond (C) | 7.625 | 06-29-27 | 440,000 | 480,788 | |
Benin 0.1% | 725,391 | ||||
Republic of Benin | |||||
Bond (C) | 4.875 | 01-19-32 | EUR | 603,000 | 725,391 |
Brazil 0.8% | 5,625,226 | ||||
Brazil Minas SPE | |||||
Bond | 5.333 | 02-15-28 | 835,200 | 906,200 | |
Bond (C) | 5.333 | 02-15-28 | 95,200 | 103,293 | |
Federative Republic of Brazil | |||||
Bill (D) | 2.280 | 07-01-21 | BRL | 1,650,000 | 298,731 |
Bill (D) | 3.304 | 01-01-22 | BRL | 2,790,000 | 494,730 |
Bill (D) | 5.948 | 01-01-24 | BRL | 11,040,000 | 1,700,716 |
Bond | 3.875 | 06-12-30 | 398,000 | 409,940 | |
Bond | 4.625 | 01-13-28 | 109,000 | 120,227 | |
Bond | 5.000 | 01-27-45 | 569,000 | 588,915 | |
Bond | 5.625 | 02-21-47 | 21,000 | 23,447 | |
Note | 10.000 | 01-01-23 | BRL | 1,299,000 | 260,232 |
Note | 10.000 | 01-01-27 | BRL | 950,000 | 200,113 |
Note | 10.000 | 01-01-29 | BRL | 1,075,000 | 228,599 |
Note | 10.000 | 01-01-31 | BRL | 1,360,000 | 290,083 |
10 | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Cameroon 0.1% | $513,743 | ||||
Republic of Cameroon | |||||
Bond (C) | 9.500 | 11-19-25 | 453,000 | 513,743 | |
Chile 0.1% | 800,870 | ||||
Republic of Chile | |||||
Bond | 4.500 | 03-01-26 | CLP | 325,000,000 | 514,915 |
Bond (C) | 4.700 | 09-01-30 | CLP | 175,000,000 | 285,955 |
China 0.6% | 4,137,094 | ||||
People's Republic of China | |||||
Bond | 1.990 | 04-09-25 | CNY | 7,500,000 | 1,113,129 |
Bond | 3.130 | 11-21-29 | CNY | 13,150,000 | 2,012,599 |
Bond | 3.190 | 04-11-24 | CNY | 6,470,000 | 1,011,366 |
Colombia 0.9% | 5,999,877 | ||||
Republic of Colombia | |||||
Bond | 3.000 | 01-30-30 | 221,000 | 227,630 | |
Bond | 3.125 | 04-15-31 | 1,046,000 | 1,078,436 | |
Bond | 4.500 | 01-28-26 | 82,000 | 92,046 | |
Bond | 4.500 | 03-15-29 | 277,000 | 314,744 | |
Bond | 5.000 | 06-15-45 | 451,000 | 522,935 | |
Bond | 8.125 | 05-21-24 | 247,000 | 299,181 | |
Bond | 9.750 | 07-26-28 | COP | 427,000,000 | 138,856 |
Bond | 9.850 | 06-28-27 | COP | 7,954,000,000 | 2,878,814 |
Bond | 10.375 | 01-28-33 | 278,000 | 447,235 | |
Costa Rica 0.0% | 168,863 | ||||
Republic of Costa Rica | |||||
Bond | 7.158 | 03-12-45 | 171,000 | 168,863 | |
Czech Republic 0.1% | 894,615 | ||||
Czech Republic | |||||
Bond | 0.250 | 02-10-27 | CZK | 2,220,000 | 98,386 |
Bond | 0.950 | 05-15-30 | CZK | 13,150,000 | 594,181 |
Bond | 1.000 | 06-26-26 | CZK | 2,190,000 | 101,738 |
Bond | 4.200 | 12-04-36 | CZK | 1,560,000 | 100,310 |
Dominican Republic 0.3% | 1,859,694 | ||||
Government of Dominican Republic | |||||
Bond (C) | 5.875 | 04-18-24 | 93,000 | 100,952 | |
Bond (C) | 5.875 | 01-30-60 | 227,000 | 237,669 | |
Bond | 5.950 | 01-25-27 | 127,000 | 145,860 | |
Bond | 6.500 | 02-15-48 | 208,000 | 236,080 | |
Bond | 6.600 | 01-28-24 | 347,000 | 392,110 | |
Bond (C) | 7.450 | 04-30-44 | 595,000 | 747,023 | |
Ecuador 0.1% | 858,180 | ||||
Republic of Ecuador |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | 11 |
Rate (%) | Maturity date | Par value^ | Value | ||
Ecuador (continued) | |||||
Bond (0.500% to 7-31-21, then 5.000% to 7-31-22, then 5.500% to 7-31-23, then 6.000% to 7-31-24, then 6.900% thereafter) (C) | 0.500 | 07-31-30 | 619,093 | $331,795 | |
Bond (0.500% to 7-31-21, then 1.000% to 7-31-22, then 2.500% to 7-31-23, then 3.500% to 7-31-24, then 5.500% to 7-31-25, then 6.900% thereafter) (C) | 0.500 | 07-31-35 | 661,569 | 301,014 | |
Bond (C)(D) | 9.156 | 07-31-30 | 524,106 | 225,371 | |
Egypt 0.5% | 3,164,180 | ||||
Arab Republic of Egypt | |||||
Bond (C) | 5.250 | 10-06-25 | 157,000 | 167,397 | |
Bond (C) | 6.125 | 01-31-22 | 219,000 | 226,946 | |
Bond (C) | 7.053 | 01-15-32 | 644,000 | 687,470 | |
Bond (C) | 7.625 | 05-29-32 | 354,000 | 392,090 | |
Bond (C) | 7.903 | 02-21-48 | 259,000 | 270,241 | |
Bond | 7.903 | 02-21-48 | 200,000 | 208,680 | |
Bond (C) | 8.150 | 11-20-59 | 352,000 | 373,078 | |
Bond (C) | 8.875 | 05-29-50 | 741,000 | 838,278 | |
El Salvador 0.2% | 1,599,663 | ||||
Republic of El Salvador | |||||
Bond | 6.375 | 01-18-27 | 50,000 | 48,625 | |
Bond | 7.125 | 01-20-50 | 108,000 | 99,738 | |
Bond (C) | 7.625 | 02-01-41 | 22,000 | 21,175 | |
Bond | 7.650 | 06-15-35 | 144,000 | 141,120 | |
Bond | 7.750 | 01-24-23 | 358,000 | 360,685 | |
Bond | 8.250 | 04-10-32 | 789,000 | 799,257 | |
Bond | 8.625 | 02-28-29 | 125,000 | 129,063 | |
Ethiopia 0.0% | 83,660 | ||||
Federal Democratic Republic of Ethiopia | |||||
Bond (C) | 6.625 | 12-11-24 | 89,000 | 83,660 | |
Gabon 0.0% | 261,250 | ||||
Republic of Gabon | |||||
Bond | 6.375 | 12-12-24 | 250,000 | 261,250 | |
Ghana 0.3% | 1,800,930 | ||||
Republic of Ghana | |||||
Bond | 7.625 | 05-16-29 | 391,000 | 413,090 | |
Bond (C) | 8.125 | 01-18-26 | 48,000 | 54,360 | |
Bond (C) | 8.627 | 06-16-49 | 177,000 | 177,655 | |
Bond (C) | 8.750 | 03-11-61 | 336,000 | 336,572 | |
Bond (C) | 8.950 | 03-26-51 | 803,000 | 819,253 |
12 | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Guatemala 0.1% | $665,997 | ||||
Republic of Guatemala | |||||
Bond | 4.500 | 05-03-26 | 346,000 | 377,659 | |
Bond | 6.125 | 06-01-50 | 233,000 | 288,338 | |
Honduras 0.0% | 261,310 | ||||
Republic of Honduras | |||||
Bond (C) | 5.625 | 06-24-30 | 233,000 | 261,310 | |
Indonesia 1.0% | 6,567,314 | ||||
Republic of Indonesia | |||||
Bond | 1.850 | 03-12-31 | 374,000 | 368,222 | |
Bond | 2.850 | 02-14-30 | 380,000 | 405,012 | |
Bond (C) | 3.850 | 07-18-27 | 656,000 | 744,441 | |
Bond | 5.250 | 01-17-42 | 402,000 | 518,279 | |
Bond (C) | 5.250 | 01-08-47 | 52,000 | 68,711 | |
Bond | 5.625 | 05-15-23 | IDR | 138,000,000 | 10,037 |
Bond | 7.000 | 09-15-30 | IDR | 9,866,000,000 | 737,095 |
Bond | 7.500 | 05-15-38 | IDR | 4,250,000,000 | 316,167 |
Bond | 8.375 | 03-15-24 | IDR | 2,830,000,000 | 220,099 |
Bond | 8.375 | 09-15-26 | IDR | 13,518,000,000 | 1,089,150 |
Bond | 8.375 | 03-15-34 | IDR | 4,515,000,000 | 364,437 |
Bond | 8.375 | 04-15-39 | IDR | 3,290,000,000 | 267,505 |
Bond | 9.000 | 03-15-29 | IDR | 17,530,000,000 | 1,458,159 |
Iraq 0.1% | 465,682 | ||||
Republic of Iraq | |||||
Bond (C) | 6.752 | 03-09-23 | 476,000 | 465,682 | |
Ireland 0.1% | 495,683 | ||||
Republic of Angola | |||||
Bond | 6.927 | 02-19-27 | 557,143 | 495,683 | |
Ivory Coast 0.1% | 697,448 | ||||
Republic of Ivory Coast | |||||
Bond | 5.875 | 10-17-31 | EUR | 344,000 | 457,412 |
Bond | 6.875 | 10-17-40 | EUR | 176,000 | 240,036 |
Jordan 0.1% | 515,825 | ||||
The Hashemite Kingdom of Jordan | |||||
Bond (C) | 5.850 | 07-07-30 | 470,000 | 515,825 | |
Kenya 0.1% | 885,475 | ||||
Republic of Kenya | |||||
Bond (C) | 7.000 | 05-22-27 | 113,000 | 124,865 | |
Bond (C) | 8.000 | 05-22-32 | 163,000 | 188,048 | |
Bond | 8.250 | 02-28-48 | 505,000 | 572,562 | |
Lebanon 0.1% | 367,471 | ||||
Republic of Lebanon | |||||
Bond (E) | 6.000 | 01-27-23 | 313,000 | 40,377 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | 13 |
Rate (%) | Maturity date | Par value^ | Value | ||
Lebanon (continued) | |||||
Bond (E) | 6.650 | 04-22-24 | 475,000 | $59,470 | |
Bond (E) | 6.750 | 11-29-27 | 500,000 | 62,500 | |
Bond (E) | 8.200 | 05-17-33 | 1,309,000 | 164,149 | |
Bond (E) | 8.250 | 04-12-21 | 315,000 | 40,975 | |
Malaysia 0.2% | 1,622,983 | ||||
Government of Malaysia | |||||
Bond | 3.502 | 05-31-27 | MYR | 416,000 | 109,626 |
Bond | 3.733 | 06-15-28 | MYR | 3,860,000 | 1,034,397 |
Bond | 3.885 | 08-15-29 | MYR | 120,000 | 32,385 |
Bond | 3.899 | 11-16-27 | MYR | 310,000 | 83,568 |
Bond | 3.906 | 07-15-26 | MYR | 860,000 | 230,795 |
Bond | 4.498 | 04-15-30 | MYR | 470,000 | 132,212 |
Mexico 1.0% | 6,617,723 | ||||
Government of Mexico | |||||
Bond | 4.500 | 04-22-29 | 291,000 | 335,087 | |
Bond | 4.750 | 04-27-32 | 1,334,000 | 1,555,444 | |
Bond | 4.750 | 03-08-44 | 128,000 | 143,680 | |
Bond | 5.750 | 03-05-26 | MXN | 9,357,000 | 479,303 |
Bond | 6.050 | 01-11-40 | 132,000 | 168,466 | |
Bond | 6.750 | 03-09-23 | MXN | 1,745,000 | 89,450 |
Bond | 7.500 | 06-03-27 | MXN | 20,053,000 | 1,118,464 |
Bond | 7.750 | 11-13-42 | MXN | 9,860,000 | 546,429 |
Bond | 8.000 | 12-07-23 | MXN | 7,340,000 | 393,418 |
Bond | 8.000 | 09-05-24 | MXN | 17,850,000 | 975,406 |
Bond | 8.500 | 11-18-38 | MXN | 3,580,000 | 213,326 |
Bond | 10.000 | 11-20-36 | MXN | 8,890,000 | 599,250 |
Mozambique 0.2% | 1,042,560 | ||||
Republic of Mozambique | |||||
Bond (5.000% to 9-15-23, then 9.000% thereafter) (C) | 5.000 | 09-15-31 | 1,152,000 | 1,042,560 | |
Nigeria 0.3% | 1,839,023 | ||||
Federal Republic of Nigeria | |||||
Bond (C) | 6.500 | 11-28-27 | 678,000 | 731,027 | |
Bond (C) | 7.143 | 02-23-30 | 206,000 | 220,961 | |
Bond (C) | 7.625 | 11-28-47 | 268,000 | 278,720 | |
Bond (C) | 7.875 | 02-16-32 | 556,000 | 608,315 | |
Oman 0.3% | 2,340,711 | ||||
Sultanate of Oman | |||||
Bond | 3.625 | 06-15-21 | 321,000 | 321,784 | |
Bond (C) | 3.875 | 03-08-22 | 296,000 | 299,315 | |
Bond (C) | 4.875 | 02-01-25 | 181,000 | 189,281 | |
Bond (C) | 5.625 | 01-17-28 | 77,000 | 79,695 | |
Bond (C) | 6.250 | 01-25-31 | 460,000 | 487,615 |
14 | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Oman (continued) | |||||
Bond (C) | 6.750 | 01-17-48 | 628,000 | $618,919 | |
Bond (C) | 7.000 | 01-25-51 | 143,000 | 144,516 | |
Bond (C) | 7.375 | 10-28-32 | 176,000 | 199,586 | |
Pakistan 0.1% | 551,845 | ||||
Republic of Pakistan | |||||
Bond | 6.875 | 12-05-27 | 516,000 | 551,845 | |
Panama 0.2% | 1,079,404 | ||||
Republic of Panama | |||||
Bond | 2.252 | 09-29-32 | 94,000 | 94,799 | |
Bond | 3.160 | 01-23-30 | 418,000 | 454,579 | |
Bond | 3.870 | 07-23-60 | 314,000 | 348,540 | |
Bond | 4.500 | 04-16-50 | 148,000 | 181,486 | |
Papua New Guinea 0.1% | 981,263 | ||||
Independent State of Papua New Guinea | |||||
Bond (C) | 8.375 | 10-04-28 | 955,000 | 981,263 | |
Peru 0.2% | 1,247,456 | ||||
Republic of Peru | |||||
Bond | 2.783 | 01-23-31 | 96,000 | 103,200 | |
Bond | 5.400 | 08-12-34 | PEN | 1,540,000 | 463,421 |
Bond | 6.150 | 08-12-32 | PEN | 1,340,000 | 442,433 |
Bond | 6.550 | 03-14-37 | 160,000 | 238,402 | |
Poland 0.5% | 3,510,844 | ||||
Republic of Poland | |||||
Bond | 2.250 | 04-25-22 | PLN | 230,000 | 63,464 |
Bond | 2.500 | 04-25-24 | PLN | 9,120,000 | 2,635,509 |
Bond | 2.500 | 07-25-27 | PLN | 224,000 | 67,040 |
Bond | 2.750 | 04-25-28 | PLN | 920,000 | 280,378 |
Bond | 3.250 | 07-25-25 | PLN | 458,000 | 138,355 |
Bond | 5.750 | 09-23-22 | PLN | 1,110,000 | 326,098 |
Qatar 0.4% | 2,972,365 | ||||
State of Qatar | |||||
Bond (C) | 3.750 | 04-16-30 | 90,000 | 104,724 | |
Bond (C) | 4.000 | 03-14-29 | 1,297,000 | 1,522,354 | |
Bond | 4.000 | 03-14-29 | 624,000 | 732,451 | |
Bond (C) | 4.817 | 03-14-49 | 457,000 | 612,836 | |
Romania 0.5% | 3,557,868 | ||||
Republic of Romania | |||||
Bond (C) | 3.000 | 02-14-31 | 817,000 | 865,562 | |
Bond (C) | 3.375 | 02-08-38 | EUR | 236,000 | 328,236 |
Bond (C) | 3.375 | 01-28-50 | EUR | 198,000 | 270,874 |
Bond | 3.650 | 09-24-31 | RON | 970,000 | 257,866 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | 15 |
Rate (%) | Maturity date | Par value^ | Value | ||
Romania (continued) | |||||
Bond (C) | 4.000 | 02-14-51 | 546,000 | $581,123 | |
Bond | 4.625 | 04-03-49 | EUR | 91,000 | 148,000 |
Bond | 5.000 | 02-12-29 | RON | 3,415,000 | 998,850 |
Bond (C) | 6.125 | 01-22-44 | 78,000 | 107,357 | |
Russia 1.0% | 6,745,868 | ||||
Government of Russia | |||||
Bond | 4.750 | 05-27-26 | 400,000 | 460,017 | |
Bond | 5.100 | 03-28-35 | 1,200,000 | 1,492,128 | |
Bond | 5.250 | 06-23-47 | 800,000 | 1,072,512 | |
Bond | 5.875 | 09-16-43 | 200,000 | 281,551 | |
Bond | 7.000 | 08-16-23 | RUB | 2,340,000 | 32,413 |
Bond | 7.050 | 01-19-28 | RUB | 178,200,000 | 2,500,475 |
Bond | 7.400 | 12-07-22 | RUB | 32,100,000 | 445,258 |
Bond | 7.600 | 07-20-22 | RUB | 440,000 | 6,073 |
Bond | 7.700 | 03-23-33 | RUB | 25,000,000 | 363,372 |
Bond | 7.700 | 03-16-39 | RUB | 6,300,000 | 92,069 |
Saudi Arabia 0.6% | 4,076,116 | ||||
Kingdom of Saudi Arabia | |||||
Bond (C) | 2.250 | 02-02-33 | 294,000 | 290,454 | |
Bond | 2.500 | 02-03-27 | 500,000 | 526,877 | |
Bond (C) | 3.250 | 10-26-26 | 958,000 | 1,051,290 | |
Bond (C) | 3.250 | 10-22-30 | 859,000 | 935,279 | |
Bond (C) | 4.375 | 04-16-29 | 438,000 | 514,650 | |
Bond (C) | 4.500 | 04-17-30 | 252,000 | 300,129 | |
Bond (C) | 4.500 | 10-26-46 | 96,000 | 112,944 | |
Bond | 5.000 | 04-17-49 | 200,000 | 253,689 | |
Bond (C) | 5.250 | 01-16-50 | 69,000 | 90,804 | |
South Africa 0.7% | 4,675,186 | ||||
Republic of South Africa | |||||
Bond | 5.000 | 10-12-46 | 55,000 | 49,919 | |
Bond | 5.750 | 09-30-49 | 567,000 | 546,475 | |
Bond | 6.250 | 03-31-36 | ZAR | 20,715,000 | 942,428 |
Bond | 6.300 | 06-22-48 | 78,000 | 79,864 | |
Bond | 7.000 | 02-28-31 | ZAR | 30,150,000 | 1,704,945 |
Bond | 8.500 | 01-31-37 | ZAR | 8,074,000 | 444,271 |
Bond | 8.875 | 02-28-35 | ZAR | 2,700,000 | 157,709 |
Bond | 10.500 | 12-21-26 | ZAR | 9,610,000 | 749,575 |
Sri Lanka 0.1% | 893,328 | ||||
Republic of Sri Lanka | |||||
Bond (C) | 6.200 | 05-11-27 | 374,000 | 224,400 | |
Bond | 6.200 | 05-11-27 | 196,000 | 117,057 | |
Bond (C) | 6.750 | 04-18-28 | 496,000 | 295,671 | |
Bond | 7.550 | 03-28-30 | 427,000 | 256,200 |
16 | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Thailand 0.2% | $1,126,568 | ||||
Kingdom of Thailand | |||||
Bond | 1.585 | 12-17-35 | THB | 17,380,000 | 583,998 |
Bond | 3.775 | 06-25-32 | THB | 13,030,000 | 542,570 |
Trinidad and Tobago 0.1% | 437,675 | ||||
Republic of Trinidad and Tobago | |||||
Bond | 4.375 | 01-16-24 | 410,000 | 437,675 | |
Tunisia 0.1% | 596,861 | ||||
Banque Centrale de Tunisie | |||||
Bond | 6.375 | 07-15-26 | EUR | 539,000 | 596,861 |
Turkey 0.7% | 4,682,582 | ||||
Hazine Mustesarligi Varlik Kiralama AS | |||||
Bond (C) | 5.800 | 02-21-22 | 119,000 | 122,070 | |
Republic of Turkey | |||||
Bond | 4.750 | 01-26-26 | 419,000 | 425,285 | |
Bond | 5.125 | 02-17-28 | 341,000 | 344,483 | |
Bond | 5.250 | 03-13-30 | 345,000 | 342,876 | |
Bond | 5.750 | 03-22-24 | 178,000 | 187,434 | |
Bond | 5.750 | 05-11-47 | 793,000 | 725,199 | |
Bond | 6.250 | 09-26-22 | 364,000 | 380,966 | |
Bond | 6.350 | 08-10-24 | 90,000 | 96,638 | |
Bond | 6.875 | 03-17-36 | 730,000 | 778,837 | |
Bond | 7.100 | 03-08-23 | TRY | 4,520,000 | 543,592 |
Bond | 7.375 | 02-05-25 | 436,000 | 486,871 | |
Bond | 10.500 | 08-11-27 | TRY | 480,000 | 59,498 |
Bond | 10.600 | 02-11-26 | TRY | 1,330,000 | 166,494 |
Bond | 11.000 | 03-02-22 | TRY | 150,000 | 19,680 |
Bond | 12.200 | 01-18-23 | TRY | 20,000 | 2,659 |
Ukraine 0.3% | 1,907,182 | ||||
Republic of Ukraine | |||||
Bond (C) | 4.375 | 01-27-30 | EUR | 223,000 | 257,125 |
Bond (C) | 7.253 | 03-15-33 | 97,000 | 103,055 | |
Bond (C) | 7.375 | 09-25-32 | 44,000 | 47,180 | |
Bond | 7.375 | 09-25-32 | 200,000 | 214,488 | |
Bond (C) | 7.750 | 09-01-25 | 63,000 | 70,301 | |
Bond (C) | 8.994 | 02-01-24 | 464,000 | 521,420 | |
Bond (C) | 9.750 | 11-01-28 | 572,000 | 693,613 | |
United Arab Emirates 0.2% | 1,037,483 | ||||
Abu Dhabi Government | |||||
Bond (C) | 3.875 | 04-16-50 | 166,000 | 197,407 | |
Bond (C) | 4.125 | 10-11-47 | 248,000 | 305,437 | |
Finance Department Government of Sharjah | |||||
Bond (C) | 4.000 | 07-28-50 | 529,000 | 534,639 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | 17 |
Rate (%) | Maturity date | Par value^ | Value | ||
Uruguay 0.2% | $1,506,291 | ||||
Republic of Uruguay | |||||
Bond | 4.975 | 04-20-55 | 399,000 | 532,170 | |
Bond | 5.100 | 06-18-50 | 532,865 | 716,043 | |
Bond (C) | 8.500 | 03-15-28 | UYU | 1,280,000 | 31,909 |
Bond | 9.875 | 06-20-22 | UYU | 9,210,000 | 226,169 |
Venezuela 0.0% | 127,095 | ||||
Republic of Venezuela | |||||
Bond (E) | 7.750 | 10-13-19 | 1,374,000 | 127,095 | |
Corporate bonds 39.3% | $265,489,618 | ||||
(Cost $250,825,224) | |||||
Communication services 3.7% | 25,326,796 | ||||
Diversified telecommunication services 1.2% | |||||
AT&T, Inc. | 2.250 | 02-01-32 | 1,775,000 | 1,752,538 | |
Axtel SAB de CV (C) | 6.375 | 11-14-24 | 214,000 | 223,630 | |
Consolidated Communications, Inc. (C) | 6.500 | 10-01-28 | 533,000 | 579,813 | |
Intelsat Jackson Holdings SA (E) | 5.500 | 08-01-23 | 586,000 | 407,270 | |
Level 3 Financing, Inc. (C) | 3.750 | 07-15-29 | 153,000 | 153,842 | |
Midcontinent Communications (C) | 5.375 | 08-15-27 | 230,000 | 240,350 | |
Network i2i, Ltd. (5.560% to 1-15-25, then 5 Year CMT + 4.277%) (C)(F) | 5.650 | 01-15-25 | 78,000 | 82,524 | |
Radiate Holdco LLC (C) | 4.500 | 09-15-26 | 247,000 | 251,414 | |
Radiate Holdco LLC (C) | 6.500 | 09-15-28 | 200,000 | 210,500 | |
Telecom Italia Capital SA | 6.000 | 09-30-34 | 661,000 | 791,134 | |
Verizon Communications, Inc. | 0.850 | 11-20-25 | 1,650,000 | 1,649,977 | |
Verizon Communications, Inc. | 4.500 | 08-10-33 | 1,350,000 | 1,664,625 | |
Entertainment 0.2% | |||||
Netflix, Inc. | 4.875 | 04-15-28 | 610,000 | 714,048 | |
Netflix, Inc. (C) | 4.875 | 06-15-30 | 335,000 | 407,025 | |
Media 1.8% | |||||
Altice France Holding SA (C) | 6.000 | 02-15-28 | 394,000 | 396,955 | |
Altice France SA (C) | 7.375 | 05-01-26 | 659,000 | 689,281 | |
CCO Holdings LLC (C) | 4.500 | 08-15-30 | 35,000 | 36,859 | |
CCO Holdings LLC (C) | 5.125 | 05-01-27 | 341,000 | 358,548 | |
CCO Holdings LLC (C) | 5.375 | 06-01-29 | 428,000 | 464,299 | |
Charter Communications Operating LLC | 6.484 | 10-23-45 | 1,850,000 | 2,528,656 | |
Comcast Corp. | 3.969 | 11-01-47 | 1,425,000 | 1,695,588 | |
CSC Holdings LLC (C) | 7.500 | 04-01-28 | 1,181,000 | 1,309,434 | |
Diamond Sports Group LLC (C) | 5.375 | 08-15-26 | 107,000 | 86,403 | |
DISH DBS Corp. | 7.375 | 07-01-28 | 337,000 | 350,901 | |
DISH DBS Corp. | 7.750 | 07-01-26 | 544,000 | 590,199 | |
Grupo Televisa SAB | 6.625 | 01-15-40 | 192,000 | 262,581 | |
Nexstar Broadcasting, Inc. (C) | 4.750 | 11-01-28 | 165,000 | 169,950 | |
Sirius XM Radio, Inc. (C) | 4.125 | 07-01-30 | 404,000 | 416,278 |
18 | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Communication services (continued) | |||||
Media (continued) | |||||
Sirius XM Radio, Inc. (C) | 5.000 | 08-01-27 | 345,000 | $362,607 | |
TEGNA, Inc. (C) | 4.625 | 03-15-28 | 478,000 | 483,910 | |
TEGNA, Inc. (C) | 4.750 | 03-15-26 | 205,000 | 217,300 | |
Terrier Media Buyer, Inc. (C) | 8.875 | 12-15-27 | 382,000 | 413,038 | |
The Interpublic Group of Companies, Inc. | 4.650 | 10-01-28 | 925,000 | 1,105,743 | |
Univision Communications, Inc. (C) | 6.625 | 06-01-27 | 517,000 | 544,143 | |
Wireless telecommunication services 0.5% | |||||
Millicom International Cellular SA (C) | 6.250 | 03-25-29 | 139,000 | 154,517 | |
Sprint Capital Corp. | 8.750 | 03-15-32 | 512,000 | 782,080 | |
Sprint Corp. | 7.625 | 02-15-25 | 873,000 | 1,043,235 | |
T-Mobile USA, Inc. (C) | 3.875 | 04-15-30 | 650,000 | 733,961 | |
T-Mobile USA, Inc. (C) | 4.500 | 04-15-50 | 850,000 | 1,001,640 | |
Consumer discretionary 4.4% | 29,468,504 | ||||
Auto components 0.2% | |||||
Clarios Global LP (C) | 6.250 | 05-15-26 | 185,000 | 196,871 | |
Clarios Global LP (C) | 8.500 | 05-15-27 | 361,000 | 382,299 | |
Lear Corp. | 5.250 | 05-15-49 | 775,000 | 935,846 | |
Automobiles 1.8% | |||||
Ford Motor Company | 8.500 | 04-21-23 | 462,000 | 517,671 | |
Ford Motor Credit Company LLC | 3.375 | 11-13-25 | 414,000 | 420,810 | |
Ford Motor Credit Company LLC | 4.125 | 08-17-27 | 239,000 | 251,548 | |
Ford Motor Credit Company LLC | 4.271 | 01-09-27 | 2,025,000 | 2,133,844 | |
Ford Motor Credit Company LLC | 5.113 | 05-03-29 | 940,000 | 1,034,599 | |
Ford Motor Credit Company LLC | 5.125 | 06-16-25 | 374,000 | 406,164 | |
Ford Motor Credit Company LLC | 5.584 | 03-18-24 | 327,000 | 353,333 | |
General Motors Company | 6.800 | 10-01-27 | 649,000 | 834,207 | |
General Motors Financial Company, Inc. | 4.350 | 01-17-27 | 1,525,000 | 1,746,679 | |
Hyundai Capital America (C) | 1.300 | 01-08-26 | 1,500,000 | 1,498,160 | |
Hyundai Capital America (C) | 3.250 | 09-20-22 | 1,175,000 | 1,222,342 | |
Volkswagen Group of America Finance LLC (C) | 1.250 | 11-24-25 | 1,750,000 | 1,759,338 | |
Diversified consumer services 0.1% | |||||
WW International, Inc. (C) | 8.625 | 12-01-25 | 431,000 | 448,744 | |
Hotels, restaurants and leisure 1.0% | |||||
Boyd Gaming Corp. (C) | 8.625 | 06-01-25 | 367,000 | 405,535 | |
Churchill Downs, Inc. (C) | 5.500 | 04-01-27 | 464,000 | 485,460 | |
Hilton Domestic Operating Company, Inc. | 4.875 | 01-15-30 | 507,000 | 546,508 | |
International Game Technology PLC (C) | 6.250 | 01-15-27 | 502,000 | 573,535 | |
Marriott International, Inc. | 5.750 | 05-01-25 | 750,000 | 870,565 | |
NCL Corp., Ltd. (C) | 3.625 | 12-15-24 | 320,000 | 283,200 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | 19 |
Rate (%) | Maturity date | Par value^ | Value | ||
Consumer discretionary (continued) | |||||
Hotels, restaurants and leisure (continued) | |||||
New Red Finance, Inc. (C) | 4.375 | 01-15-28 | 127,000 | $129,540 | |
Royal Caribbean Cruises, Ltd. | 5.250 | 11-15-22 | 239,000 | 235,452 | |
Royal Caribbean Cruises, Ltd. (C) | 9.125 | 06-15-23 | 455,000 | 490,831 | |
Sands China, Ltd. | 4.600 | 08-08-23 | 1,650,000 | 1,747,482 | |
Scientific Games International, Inc. (C) | 7.250 | 11-15-29 | 340,000 | 366,350 | |
Scientific Games International, Inc. (C) | 8.250 | 03-15-26 | 184,000 | 194,559 | |
Station Casinos LLC (C) | 5.000 | 10-01-25 | 298,000 | 299,925 | |
Studio City Finance, Ltd. (C) | 6.000 | 07-15-25 | 43,000 | 45,150 | |
Studio City Finance, Ltd. (C) | 6.500 | 01-15-28 | 111,000 | 118,770 | |
Household durables 0.2% | |||||
KB Home | 4.800 | 11-15-29 | 280,000 | 308,409 | |
TRI Pointe Homes, Inc. | 5.700 | 06-15-28 | 269,000 | 301,953 | |
Weekley Homes LLC (C) | 4.875 | 09-15-28 | 349,000 | 362,960 | |
Internet and direct marketing retail 0.7% | |||||
Amazon.com, Inc. | 2.700 | 06-03-60 | 1,750,000 | 1,760,885 | |
Expedia Group, Inc. | 3.250 | 02-15-30 | 2,300,000 | 2,354,840 | |
Expedia Group, Inc. (C) | 6.250 | 05-01-25 | 629,000 | 727,240 | |
Multiline retail 0.3% | |||||
Dollar Tree, Inc. | 4.000 | 05-15-25 | 1,600,000 | 1,802,100 | |
Specialty retail 0.1% | |||||
PetSmart, Inc. (C) | 4.750 | 02-15-28 | 156,000 | 156,000 | |
PetSmart, Inc. (C) | 7.750 | 02-15-29 | 280,000 | 280,000 | |
Specialty Building Products Holdings LLC (C) | 6.375 | 09-30-26 | 456,000 | 478,800 | |
Consumer staples 1.6% | 10,617,642 | ||||
Beverages 0.3% | |||||
Pernod Ricard International Finance LLC (C) | 2.750 | 10-01-50 | 1,775,000 | 1,714,509 | |
Food and staples retailing 0.5% | |||||
Albertsons Companies, Inc. (C) | 4.875 | 02-15-30 | 348,000 | 371,939 | |
Albertsons Companies, Inc. (C) | 5.875 | 02-15-28 | 357,000 | 385,032 | |
Sysco Corp. | 2.400 | 02-15-30 | 850,000 | 875,143 | |
Walgreens Boots Alliance, Inc. (G) | 3.200 | 04-15-30 | 1,325,000 | 1,443,020 | |
Food products 0.5% | |||||
Adecoagro SA (C) | 6.000 | 09-21-27 | 213,000 | 224,295 | |
Chobani LLC (C) | 7.500 | 04-15-25 | 345,000 | 356,213 | |
Conagra Brands, Inc. | 1.375 | 11-01-27 | 1,425,000 | 1,420,928 | |
JBS USA LUX SA (C) | 6.500 | 04-15-29 | 635,000 | 722,052 | |
Pilgrim's Pride Corp. (C) | 5.750 | 03-15-25 | 344,000 | 351,774 | |
Pilgrim's Pride Corp. (C) | 5.875 | 09-30-27 | 306,000 | 325,645 | |
Post Holdings, Inc. (C) | 4.625 | 04-15-30 | 281,000 | 291,248 |
20 | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Consumer staples (continued) | |||||
Household products 0.2% | |||||
Kimberly-Clark Corp. | 1.050 | 09-15-27 | 1,025,000 | $1,031,367 | |
Kronos Acquisition Holdings, Inc. (C) | 5.000 | 12-31-26 | 124,000 | 126,480 | |
Kronos Acquisition Holdings, Inc. (C) | 7.000 | 12-31-27 | 114,000 | 116,565 | |
Tobacco 0.1% | |||||
Altria Group, Inc. | 4.800 | 02-14-29 | 725,000 | 861,432 | |
Energy 7.7% | 51,896,927 | ||||
Energy equipment and services 0.2% | |||||
Archrock Partners LP (C) | 6.250 | 04-01-28 | 471,000 | 481,009 | |
ChampionX Corp. | 6.375 | 05-01-26 | 405,000 | 424,845 | |
Inkia Energy, Ltd. (C) | 5.875 | 11-09-27 | 223,000 | 238,053 | |
Kallpa Generacion SA (C) | 4.125 | 08-16-27 | 148,000 | 160,513 | |
Kallpa Generacion SA (C) | 4.875 | 05-24-26 | 60,000 | 66,226 | |
Oil, gas and consumable fuels 7.5% | |||||
Abu Dhabi Crude Oil Pipeline LLC (C) | 4.600 | 11-02-47 | 665,000 | 808,806 | |
AI Candelaria Spain SLU (C) | 7.500 | 12-15-28 | 283,000 | 325,589 | |
Alta Mesa Holdings LP (E)(H) | 7.875 | 12-15-24 | 460,000 | 46 | |
Antero Midstream Partners LP | 5.375 | 09-15-24 | 233,000 | 232,418 | |
Antero Midstream Partners LP (C) | 5.750 | 03-01-27 | 322,000 | 321,135 | |
Antero Midstream Partners LP (C) | 5.750 | 01-15-28 | 344,000 | 344,000 | |
Antero Resources Corp. | 5.000 | 03-01-25 | 492,000 | 466,170 | |
Antero Resources Corp. (C) | 7.625 | 02-01-29 | 148,000 | 151,284 | |
Apache Corp. | 5.100 | 09-01-40 | 1,750,000 | 1,771,980 | |
Boardwalk Pipelines LP | 5.950 | 06-01-26 | 1,475,000 | 1,763,088 | |
BP Capital Markets PLC (4.375% to 6-22-25, then 5 Year CMT + 4.036%) (F) | 4.375 | 06-22-25 | 1,625,000 | 1,730,690 | |
Cenovus Energy, Inc. | 5.375 | 07-15-25 | 468,000 | 528,808 | |
Cheniere Corpus Christi Holdings LLC | 5.125 | 06-30-27 | 1,500,000 | 1,779,145 | |
Chevron Corp. | 3.078 | 05-11-50 | 1,400,000 | 1,458,426 | |
CNX Resources Corp. (C) | 6.000 | 01-15-29 | 114,000 | 117,813 | |
CNX Resources Corp. (C) | 7.250 | 03-14-27 | 348,000 | 374,204 | |
Concho Resources, Inc. | 3.750 | 10-01-27 | 825,000 | 940,356 | |
DCP Midstream Operating LP | 5.125 | 05-15-29 | 510,000 | 554,681 | |
Diamondback Energy, Inc. | 2.875 | 12-01-24 | 1,675,000 | 1,769,570 | |
Empresa Nacional del Petroleo | 3.750 | 08-05-26 | 210,000 | 229,610 | |
Enterprise Products Operating LLC (4.875% to 8-16-22, then 3 month LIBOR + 2.986%) | 4.875 | 08-16-77 | 2,125,000 | 2,029,813 | |
EQM Midstream Partners LP (C) | 4.500 | 01-15-29 | 425,000 | 410,219 | |
EQM Midstream Partners LP (C) | 6.500 | 07-01-27 | 585,000 | 626,415 | |
FEL Energy VI Sarl (C) | 5.750 | 12-01-40 | 121,000 | 126,052 | |
Gazprom PJSC (4.599% to 10-26-25, then 5 Year CMT + 4.264%) (C)(F) | 4.599 | 10-26-25 | 227,000 | 233,590 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | 21 |
Rate (%) | Maturity date | Par value^ | Value | ||
Energy (continued) | |||||
Oil, gas and consumable fuels (continued) | |||||
Gazprom PJSC (C) | 4.950 | 02-06-28 | 199,000 | $225,637 | |
Genesis Energy LP | 5.625 | 06-15-24 | 248,000 | 233,120 | |
Genesis Energy LP | 7.750 | 02-01-28 | 619,000 | 574,123 | |
Genesis Energy LP | 8.000 | 01-15-27 | 115,000 | 109,285 | |
Geopark, Ltd. (C) | 6.500 | 09-21-24 | 245,000 | 253,269 | |
Hilcorp Energy I LP (C) | 5.750 | 10-01-25 | 639,000 | 653,378 | |
Holly Energy Partners LP (C) | 5.000 | 02-01-28 | 439,000 | 441,612 | |
KazMunayGas National Company JSC (C) | 4.750 | 04-24-25 | 102,000 | 116,214 | |
KazMunayGas National Company JSC | 5.375 | 04-24-30 | 514,000 | 630,733 | |
KazMunayGas National Company JSC (C) | 5.750 | 04-19-47 | 754,000 | 969,318 | |
KazTransGas JSC (C) | 4.375 | 09-26-27 | 547,000 | 625,742 | |
Kinder Morgan Energy Partners LP | 5.500 | 03-01-44 | 975,000 | 1,193,367 | |
Kosmos Energy, Ltd. (C) | 7.125 | 04-04-26 | 56,000 | 55,860 | |
Leviathan Bond, Ltd. (C) | 6.500 | 06-30-27 | 498,000 | 560,235 | |
Leviathan Bond, Ltd. (C) | 6.750 | 06-30-30 | 198,000 | 224,868 | |
Marathon Petroleum Corp. | 3.800 | 04-01-28 | 450,000 | 500,297 | |
Marathon Petroleum Corp. | 5.125 | 12-15-26 | 1,000,000 | 1,190,181 | |
Murphy Oil Corp. | 5.750 | 08-15-25 | 498,000 | 478,807 | |
Murphy Oil Corp. | 5.875 | 12-01-27 | 322,000 | 306,125 | |
NAK Naftogaz Ukraine (C) | 7.625 | 11-08-26 | 299,000 | 304,053 | |
Occidental Petroleum Corp. | 5.550 | 03-15-26 | 286,000 | 300,658 | |
Occidental Petroleum Corp. | 6.600 | 03-15-46 | 269,000 | 289,769 | |
Occidental Petroleum Corp. | 7.500 | 05-01-31 | 261,000 | 300,803 | |
Occidental Petroleum Corp. | 7.875 | 09-15-31 | 216,000 | 246,845 | |
Occidental Petroleum Corp. | 8.875 | 07-15-30 | 925,000 | 1,161,569 | |
Pertamina Persero PT (C) | 3.650 | 07-30-29 | 320,000 | 351,680 | |
Pertamina Persero PT (C) | 5.625 | 05-20-43 | 513,000 | 627,960 | |
Pertamina Persero PT | 6.450 | 05-30-44 | 228,000 | 307,672 | |
Petroamazonas EP (C) | 4.625 | 12-06-21 | 101,133 | 93,548 | |
Petroleos de Venezuela SA (E) | 5.375 | 04-12-27 | 64,000 | 2,400 | |
Petroleos de Venezuela SA (E) | 6.000 | 05-16-24 | 3,771,996 | 141,450 | |
Petroleos de Venezuela SA (E) | 6.000 | 11-15-26 | 1,826,000 | 68,475 | |
Petroleos de Venezuela SA (E) | 9.750 | 05-17-35 | 3,459,000 | 129,713 | |
Petroleos del Peru SA | 4.750 | 06-19-32 | 427,000 | 486,490 | |
Petroleos del Peru SA (C) | 4.750 | 06-19-32 | 177,000 | 201,660 | |
Petroleos del Peru SA | 5.625 | 06-19-47 | 628,000 | 750,020 | |
Petroleos Mexicanos | 5.950 | 01-28-31 | 528,000 | 500,280 | |
Petroleos Mexicanos | 6.490 | 01-23-27 | 333,000 | 342,574 | |
Petroleos Mexicanos | 6.500 | 06-02-41 | 356,000 | 312,732 | |
Petroleos Mexicanos | 6.625 | 06-15-35 | 293,000 | 275,430 | |
Petroleos Mexicanos (C) | 6.875 | 10-16-25 | 151,000 | 164,532 |
22 | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Energy (continued) | |||||
Oil, gas and consumable fuels (continued) | |||||
Petroleos Mexicanos | 6.950 | 01-28-60 | 200,000 | $175,300 | |
Petroleos Mexicanos | 7.190 | 09-12-24 | MXN | 1,618,000 | 72,160 |
Petroleos Mexicanos | 7.470 | 11-12-26 | MXN | 1,320,000 | 55,623 |
Petroleos Mexicanos | 7.470 | 11-12-26 | MXN | 1,100,000 | 46,353 |
Petroleos Mexicanos | 7.690 | 01-23-50 | 2,519,000 | 2,381,664 | |
Petroleos Mexicanos | 9.500 | 09-15-27 | 97,000 | 110,736 | |
Petronas Capital, Ltd. (C) | 4.500 | 03-18-45 | 170,000 | 220,952 | |
Phillips 66 | 2.150 | 12-15-30 | 1,750,000 | 1,727,075 | |
QEP Resources, Inc. | 5.250 | 05-01-23 | 426,000 | 448,365 | |
Sabine Pass Liquefaction LLC | 5.000 | 03-15-27 | 1,975,000 | 2,334,973 | |
SM Energy Company | 6.125 | 11-15-22 | 275,000 | 266,750 | |
Targa Resources Partners LP | 6.500 | 07-15-27 | 997,000 | 1,071,775 | |
The Oil and Gas Holding Company BSCC (C) | 7.625 | 11-07-24 | 324,000 | 360,245 | |
Total Capital International SA | 3.127 | 05-29-50 | 1,750,000 | 1,804,791 | |
Tullow Oil PLC (C) | 7.000 | 03-01-25 | 240,000 | 156,804 | |
Valero Energy Corp. | 2.850 | 04-15-25 | 1,625,000 | 1,725,403 | |
Western Midstream Operating LP | 5.450 | 04-01-44 | 975,000 | 1,022,531 | |
WPX Energy, Inc. | 4.500 | 01-15-30 | 601,000 | 636,159 | |
WPX Energy, Inc. | 5.750 | 06-01-26 | 107,000 | 112,230 | |
Financials 8.5% | 57,582,387 | ||||
Banks 5.7% | |||||
Banco Mercantil del Norte SA (6.750% to 9-27-24, then 5 Year CMT + 4.967%) (C)(F) | 6.750 | 09-27-24 | 187,000 | 198,501 | |
Banco Mercantil del Norte SA (7.500% to 6-27-29, then 10 Year CMT + 5.470%) (C)(F) | 7.500 | 06-27-29 | 124,000 | 135,160 | |
Banco Nacional de Comercio Exterior SNC (3.800% to 8-11-21, then 5 Year CMT + 3.000%) (C) | 3.800 | 08-11-26 | 233,000 | 232,711 | |
Banco Nacional de Comercio Exterior SNC (3.800% to 8-11-21, then 5 Year CMT + 3.000%) | 3.800 | 08-11-26 | 115,000 | 114,857 | |
Bank of America Corp. (2.496% to 2-13-30, then 3 month LIBOR + 0.990%) | 2.496 | 02-13-31 | 575,000 | 599,541 | |
Bank of America Corp. | 3.950 | 04-21-25 | 2,550,000 | 2,850,278 | |
Barclays PLC | 4.836 | 05-09-28 | 1,525,000 | 1,740,103 | |
Brazil Loan Trust 1 (C) | 5.477 | 07-24-23 | 105,397 | 110,405 | |
CIT Group, Inc. | 6.125 | 03-09-28 | 180,000 | 223,650 | |
Citigroup, Inc. (2.876% to 7-24-22, then 3 month LIBOR + 0.950%) | 2.876 | 07-24-23 | 75,000 | 77,657 | |
Citigroup, Inc. | 4.400 | 06-10-25 | 3,725,000 | 4,225,357 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | 23 |
Rate (%) | Maturity date | Par value^ | Value | ||
Financials (continued) | |||||
Banks (continued) | |||||
Danske Bank A/S (1.621% to 9-11-25, then 1 Year CMT + 1.350%) (C) | 1.621 | 09-11-26 | 2,050,000 | $2,061,777 | |
Deutsche Bank AG (2.129% to 11-24-25, then SOFR + 1.870%) | 2.129 | 11-24-26 | 2,000,000 | 2,029,507 | |
Deutsche Bank AG | 3.700 | 05-30-24 | 1,625,000 | 1,759,463 | |
HSBC Holdings PLC (1.589% to 5-24-26, then SOFR + 1.290%) | 1.589 | 05-24-27 | 775,000 | 784,744 | |
HSBC Holdings PLC (3.950% to 5-18-23, then 3 month LIBOR + 0.987%) | 3.950 | 05-18-24 | 975,000 | 1,048,351 | |
Intesa Sanpaolo SpA (C) | 4.000 | 09-23-29 | 2,575,000 | 2,878,693 | |
JPMorgan Chase & Co. | 3.625 | 12-01-27 | 1,900,000 | 2,145,731 | |
JPMorgan Chase Bank NA (C) | 3.130 | 11-23-29 | CNY | 3,370,000 | 516,252 |
KeyBank NA | 3.900 | 04-13-29 | 1,550,000 | 1,779,464 | |
Mizuho Financial Group, Inc. (1.979% to 9-8-30, then 3 month LIBOR + 1.270%) | 1.979 | 09-08-31 | 3,450,000 | 3,451,051 | |
Park River Holdings, Inc. (C) | 5.625 | 02-01-29 | 296,000 | 294,150 | |
Santander Holdings USA, Inc. | 3.244 | 10-05-26 | 1,600,000 | 1,737,155 | |
Societe Generale SA (C) | 2.625 | 10-16-24 | 2,475,000 | 2,609,534 | |
Standard Chartered PLC (2.819% to 1-30-25, then 3 month LIBOR + 1.209%) (C) | 2.819 | 01-30-26 | 1,500,000 | 1,590,201 | |
Standard Chartered PLC (C) | 5.700 | 03-26-44 | 775,000 | 1,037,347 | |
Sumitomo Mitsui Financial Group, Inc. | 2.142 | 09-23-30 | 875,000 | 867,373 | |
Wells Fargo & Company (2.572% to 2-11-30, then 3 month LIBOR + 1.000%) | 2.572 | 02-11-31 | 1,600,000 | 1,675,113 | |
Capital markets 1.1% | |||||
1MDB Global Investments, Ltd. | 4.400 | 03-09-23 | 1,000,000 | 1,000,316 | |
1MDB Global Investments, Ltd. | 4.400 | 03-09-23 | 1,000,000 | 1,000,438 | |
Credit Suisse Group AG (4.207% to 6-12-23, then 3 month LIBOR + 1.240%) (C) | 4.207 | 06-12-24 | 1,650,000 | 1,781,868 | |
MDGH - GMTN BV (C) | 2.875 | 11-07-29 | 87,000 | 93,090 | |
MDGH - GMTN BV (C) | 4.500 | 11-07-28 | 207,000 | 246,848 | |
MV24 Capital BV (C) | 6.748 | 06-01-34 | 257,399 | 280,115 | |
The Goldman Sachs Group, Inc. | 3.500 | 04-01-25 | 1,350,000 | 1,490,221 | |
UBS Group AG (C) | 3.491 | 05-23-23 | 1,750,000 | 1,818,432 | |
Consumer finance 0.8% | |||||
Ally Financial, Inc. | 8.000 | 11-01-31 | 405,000 | 588,042 | |
Capital One Financial Corp. | 3.750 | 03-09-27 | 1,550,000 | 1,766,974 | |
OneMain Finance Corp. | 4.000 | 09-15-30 | 139,000 | 140,002 | |
OneMain Finance Corp. | 7.125 | 03-15-26 | 657,000 | 768,690 | |
OneMain Finance Corp. | 8.875 | 06-01-25 | 137,000 | 153,180 | |
Synchrony Financial | 3.700 | 08-04-26 | 1,625,000 | 1,785,048 |
24 | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Financials (continued) | |||||
Insurance 0.9% | |||||
Acrisure LLC (C) | 4.250 | 02-15-29 | 117,000 | $117,000 | |
Acrisure LLC (C) | 7.000 | 11-15-25 | 530,000 | 545,238 | |
Acrisure LLC (C) | 8.125 | 02-15-24 | 342,000 | 357,253 | |
Alliant Holdings Intermediate LLC (C) | 4.250 | 10-15-27 | 196,000 | 197,743 | |
Alliant Holdings Intermediate LLC (C) | 6.750 | 10-15-27 | 569,000 | 601,718 | |
Five Corners Funding Trust II (C) | 2.850 | 05-15-30 | 1,600,000 | 1,731,907 | |
HUB International, Ltd. (C) | 7.000 | 05-01-26 | 283,000 | 293,613 | |
Kemper Corp. | 2.400 | 09-30-30 | 1,875,000 | 1,896,975 | |
Thrifts and mortgage finance 0.0% | |||||
Nationstar Mortgage Holdings, Inc. (C) | 5.125 | 12-15-30 | 148,000 | 153,550 | |
Health care 2.1% | 13,839,987 | ||||
Biotechnology 0.3% | |||||
AbbVie, Inc. | 3.200 | 11-21-29 | 1,550,000 | 1,714,884 | |
Health care providers and services 1.0% | |||||
AdaptHealth LLC (C) | 4.625 | 08-01-29 | 155,000 | 158,315 | |
Centene Corp. | 3.375 | 02-15-30 | 346,000 | 362,435 | |
Centene Corp. | 4.250 | 12-15-27 | 332,000 | 351,218 | |
CVS Health Corp. | 4.300 | 03-25-28 | 1,400,000 | 1,644,622 | |
CVS Health Corp. | 4.780 | 03-25-38 | 125,000 | 154,628 | |
Encompass Health Corp. | 4.500 | 02-01-28 | 347,000 | 361,314 | |
Encompass Health Corp. | 4.625 | 04-01-31 | 80,000 | 85,000 | |
HCA, Inc. | 3.500 | 09-01-30 | 207,000 | 214,992 | |
HCA, Inc. | 5.250 | 06-15-49 | 1,350,000 | 1,722,334 | |
HCA, Inc. | 5.375 | 09-01-26 | 383,000 | 436,300 | |
Legacy LifePoint Health LLC (C) | 4.375 | 02-15-27 | 96,000 | 97,800 | |
LifePoint Health, Inc. (C) | 5.375 | 01-15-29 | 303,000 | 305,273 | |
Tenet Healthcare Corp. | 4.625 | 07-15-24 | 532,000 | 541,470 | |
Tenet Healthcare Corp. (C) | 7.500 | 04-01-25 | 137,000 | 148,024 | |
Life sciences tools and services 0.3% | |||||
Agilent Technologies, Inc. | 2.100 | 06-04-30 | 1,650,000 | 1,696,956 | |
Charles River Laboratories International, Inc. (C) | 5.500 | 04-01-26 | 400,000 | 417,500 | |
Syneos Health, Inc. (C) | 3.625 | 01-15-29 | 160,000 | 159,952 | |
Pharmaceuticals 0.5% | |||||
Bausch Health Companies, Inc. (C) | 5.250 | 02-15-31 | 359,000 | 369,223 | |
Bausch Health Companies, Inc. (C) | 6.125 | 04-15-25 | 780,000 | 799,157 | |
Bausch Health Companies, Inc. (C) | 7.000 | 01-15-28 | 490,000 | 530,278 | |
Catalent Pharma Solutions, Inc. (C) | 5.000 | 07-15-27 | 362,000 | 381,458 | |
Endo DAC (C) | 6.000 | 06-30-28 | 265,000 | 222,030 | |
Endo DAC (C) | 9.500 | 07-31-27 | 439,000 | 501,558 | |
IQVIA, Inc. (C) | 5.000 | 05-15-27 | 440,000 | 463,266 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | 25 |
Rate (%) | Maturity date | Par value^ | Value | ||
Industrials 2.8% | $18,638,536 | ||||
Aerospace and defense 0.4% | |||||
Bombardier, Inc. (C) | 6.000 | 10-15-22 | 938,000 | 930,965 | |
Signature Aviation US Holdings, Inc. (C) | 4.000 | 03-01-28 | 484,000 | 493,380 | |
TransDigm, Inc. (C) | 6.250 | 03-15-26 | 742,000 | 784,813 | |
TransDigm, Inc. (C) | 8.000 | 12-15-25 | 55,000 | 60,156 | |
Air freight and logistics 0.2% | |||||
FedEx Corp. | 4.400 | 01-15-47 | 750,000 | 891,358 | |
Gol Finance SA (C)(G) | 7.000 | 01-31-25 | 310,000 | 271,576 | |
Park-Ohio Industries, Inc. | 6.625 | 04-15-27 | 343,000 | 344,718 | |
Airlines 0.1% | |||||
Delta Air Lines, Inc. (C) | 4.750 | 10-20-28 | 85,000 | 94,192 | |
Delta Air Lines, Inc. (C) | 7.000 | 05-01-25 | 344,000 | 398,898 | |
Delta Air Lines, Inc. | 7.375 | 01-15-26 | 234,000 | 268,825 | |
Building products 0.2% | |||||
American Woodmark Corp. (C) | 4.875 | 03-15-26 | 314,000 | 321,065 | |
Griffon Corp. | 5.750 | 03-01-28 | 482,000 | 509,715 | |
LBM Acquisition LLC (C) | 6.250 | 01-15-29 | 426,000 | 431,197 | |
Commercial services and supplies 0.6% | |||||
Covanta Holding Corp. | 5.000 | 09-01-30 | 349,000 | 366,450 | |
Covanta Holding Corp. | 5.875 | 07-01-25 | 341,000 | 353,788 | |
GFL Environmental, Inc. (C) | 3.750 | 08-01-25 | 359,000 | 366,180 | |
GFL Environmental, Inc. (C) | 5.125 | 12-15-26 | 68,000 | 71,740 | |
GFL Environmental, Inc. (C) | 8.500 | 05-01-27 | 324,000 | 358,223 | |
Illuminate Buyer LLC (C) | 9.000 | 07-01-28 | 326,000 | 363,392 | |
Prime Security Services Borrower LLC (C) | 5.750 | 04-15-26 | 386,000 | 422,593 | |
Prime Security Services Borrower LLC (C) | 6.250 | 01-15-28 | 313,000 | 333,345 | |
Waste Management, Inc. | 2.500 | 11-15-50 | 1,600,000 | 1,502,876 | |
Construction and engineering 0.0% | |||||
IHS Netherlands Holdco BV (C) | 8.000 | 09-18-27 | 89,000 | 95,341 | |
Electrical equipment 0.1% | |||||
WESCO Distribution, Inc. (C) | 7.250 | 06-15-28 | 435,000 | 488,664 | |
Machinery 0.3% | |||||
Flowserve Corp. | 3.500 | 10-01-30 | 1,875,000 | 1,998,022 | |
Hillenbrand, Inc. | 5.750 | 06-15-25 | 114,000 | 122,550 | |
Road and rail 0.1% | |||||
CSX Corp. | 2.500 | 05-15-51 | 950,000 | 885,472 | |
Trading companies and distributors 0.3% | |||||
Air Lease Corp. | 3.625 | 12-01-27 | 1,650,000 | 1,802,762 | |
Transportation infrastructure 0.5% | |||||
Aeropuerto Internacional de Tocumen SA | 5.625 | 05-18-36 | 411,000 | 476,250 |
26 | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Industrials (continued) | |||||
Transportation infrastructure (continued) | |||||
Aeropuerto Internacional de Tocumen SA (C) | 6.000 | 11-18-48 | 601,552 | $719,997 | |
CubeSmart LP | 2.000 | 02-15-31 | 1,475,000 | 1,459,954 | |
DP World PLC (C) | 5.625 | 09-25-48 | 198,000 | 247,262 | |
DP World PLC (C) | 6.850 | 07-02-37 | 123,000 | 165,878 | |
DP World Salaam (6.000% to 10-1-25, then 5 Year CMT + 5.750%) (F) | 6.000 | 10-01-25 | 216,000 | 236,939 | |
Information technology 1.9% | 13,107,703 | ||||
Communications equipment 0.1% | |||||
Hughes Satellite Systems Corp. | 6.625 | 08-01-26 | 523,000 | 591,539 | |
ViaSat, Inc. (C) | 5.625 | 04-15-27 | 434,000 | 456,243 | |
Electronic equipment, instruments and components 0.3% | |||||
Flex, Ltd. | 3.750 | 02-01-26 | 1,575,000 | 1,740,840 | |
IT services 0.4% | |||||
IBM Corp. | 1.700 | 05-15-27 | 850,000 | 874,180 | |
Visa, Inc. | 2.000 | 08-15-50 | 1,850,000 | 1,666,195 | |
Semiconductors and semiconductor equipment 0.8% | |||||
Broadcom, Inc. | 5.000 | 04-15-30 | 1,450,000 | 1,726,108 | |
ON Semiconductor Corp. (C) | 3.875 | 09-01-28 | 198,000 | 205,178 | |
TSMC Global, Ltd. (C) | 1.000 | 09-28-27 | 1,525,000 | 1,507,457 | |
TSMC Global, Ltd. (C) | 1.375 | 09-28-30 | 1,950,000 | 1,898,520 | |
Software 0.3% | |||||
Avaya, Inc. (C) | 6.125 | 09-15-28 | 205,000 | 217,898 | |
Crowdstrike Holdings, Inc. | 3.000 | 02-15-29 | 170,000 | 172,019 | |
SS&C Technologies, Inc. (C) | 5.500 | 09-30-27 | 352,000 | 372,772 | |
VMware, Inc. | 4.700 | 05-15-30 | 1,225,000 | 1,448,180 | |
Technology hardware, storage and peripherals 0.0% | |||||
Seagate HDD Cayman (C) | 3.125 | 07-15-29 | 238,000 | 230,574 | |
Materials 1.8% | 12,174,022 | ||||
Chemicals 0.7% | |||||
CF Industries, Inc. | 5.150 | 03-15-34 | 216,000 | 265,680 | |
ENN Clean Energy International Investment, Ltd. | 7.500 | 02-27-21 | 200,000 | 198,279 | |
GCP Applied Technologies, Inc. (C) | 5.500 | 04-15-26 | 561,000 | 572,220 | |
Huntsman International LLC | 4.500 | 05-01-29 | 1,600,000 | 1,842,228 | |
INEOS Quattro Finance 2 PLC (C) | 3.375 | 01-15-26 | 156,000 | 156,585 | |
Nutrien, Ltd. | 3.950 | 05-13-50 | 1,500,000 | 1,761,321 | |
Construction materials 0.4% | |||||
Cemex SAB de CV (C) | 3.875 | 07-11-31 | 774,000 | 774,968 | |
Cemex SAB de CV (C) | 5.450 | 11-19-29 | 385,000 | 420,998 | |
Cemex SAB de CV (C) | 7.375 | 06-05-27 | 168,000 | 189,588 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | 27 |
Rate (%) | Maturity date | Par value^ | Value | ||
Materials (continued) | |||||
Construction materials (continued) | |||||
Standard Industries, Inc. (C) | 3.375 | 01-15-31 | 395,000 | $390,142 | |
US Concrete, Inc. (C) | 5.125 | 03-01-29 | 391,000 | 399,311 | |
White Cap Buyer LLC (C) | 6.875 | 10-15-28 | 527,000 | 547,769 | |
Containers and packaging 0.1% | |||||
Graham Packaging Company, Inc. (C) | 7.125 | 08-15-28 | 167,000 | 180,569 | |
Intelligent Packaging, Ltd. (C) | 6.000 | 09-15-28 | 526,000 | 543,095 | |
Metals and mining 0.5% | |||||
Corp. Nacional del Cobre de Chile (C) | 3.000 | 09-30-29 | 988,000 | 1,065,864 | |
Corp. Nacional del Cobre de Chile | 3.000 | 09-30-29 | 213,000 | 229,787 | |
Corp. Nacional del Cobre de Chile | 5.625 | 10-18-43 | 136,000 | 184,321 | |
First Quantum Minerals, Ltd. (C) | 6.875 | 03-01-26 | 118,000 | 122,868 | |
First Quantum Minerals, Ltd. (C) | 7.500 | 04-01-25 | 117,000 | 120,952 | |
Hudbay Minerals, Inc. (C) | 6.125 | 04-01-29 | 273,000 | 289,380 | |
Indonesia Asahan Aluminium Persero PT (C) | 5.710 | 11-15-23 | 195,000 | 216,606 | |
Indonesia Asahan Aluminium Persero PT (C) | 5.800 | 05-15-50 | 508,000 | 616,585 | |
Kaiser Aluminum Corp. (C) | 4.625 | 03-01-28 | 478,000 | 493,067 | |
Paper and forest products 0.1% | |||||
Flex Acquisition Company, Inc. (C) | 6.875 | 01-15-25 | 277,000 | 281,501 | |
Mercer International, Inc. (C) | 5.125 | 02-01-29 | 305,000 | 310,338 | |
Real estate 1.6% | 11,089,656 | ||||
Equity real estate investment trusts 1.5% | |||||
American Homes 4 Rent LP | 4.250 | 02-15-28 | 2,000,000 | 2,283,915 | |
Equinix, Inc. | 1.800 | 07-15-27 | 825,000 | 846,248 | |
Equinix, Inc. | 2.150 | 07-15-30 | 850,000 | 848,769 | |
MGM Growth Properties Operating Partnership LP | 5.750 | 02-01-27 | 349,000 | 391,196 | |
Office Properties Income Trust | 4.250 | 05-15-24 | 2,050,000 | 2,160,061 | |
SITE Centers Corp. | 4.250 | 02-01-26 | 450,000 | 486,734 | |
SITE Centers Corp. | 4.700 | 06-01-27 | 1,200,000 | 1,339,625 | |
WEA Finance LLC (C) | 2.875 | 01-15-27 | 1,750,000 | 1,793,800 | |
Real estate management and development 0.1% | |||||
Country Garden Holdings Company, Ltd. | 4.800 | 08-06-30 | 200,000 | 215,127 | |
Mattamy Group Corp. (C) | 4.625 | 03-01-30 | 454,000 | 471,025 | |
Wanda Properties International Company, Ltd. | 7.250 | 01-29-24 | 247,000 | 253,156 | |
Utilities 3.2% | 21,747,458 | ||||
Electric utilities 2.2% | |||||
Appalachian Power Company | 3.700 | 05-01-50 | 1,475,000 | 1,674,803 | |
Electricite de France SA (C) | 4.500 | 09-21-28 | 1,400,000 | 1,660,417 |
28 | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Utilities (continued) | |||||
Electric utilities (continued) | |||||
Enel Finance International NV (C) | 4.625 | 09-14-25 | 1,475,000 | $1,701,829 | |
Entergy Texas, Inc. | 3.550 | 09-30-49 | 1,375,000 | 1,534,889 | |
Eskom Holdings SOC, Ltd. (C) | 6.750 | 08-06-23 | 470,000 | 489,975 | |
Eskom Holdings SOC, Ltd. (C) | 7.125 | 02-11-25 | 870,000 | 929,367 | |
Eskom Holdings SOC, Ltd. (C) | 8.450 | 08-10-28 | 270,000 | 303,944 | |
FirstEnergy Corp. | 5.350 | 07-15-47 | 1,300,000 | 1,572,064 | |
NextEra Energy Capital Holdings, Inc. | 2.250 | 06-01-30 | 1,350,000 | 1,397,423 | |
NextEra Energy Capital Holdings, Inc. | 2.750 | 05-01-25 | 1,200,000 | 1,292,590 | |
Vistra Operations Company LLC (C) | 3.550 | 07-15-24 | 1,650,000 | 1,787,217 | |
Vistra Operations Company LLC (C) | 5.000 | 07-31-27 | 290,000 | 305,283 | |
Independent power and renewable electricity producers 0.5% | |||||
AES Panama Generation Holdings SRL (C) | 4.375 | 05-31-30 | 151,000 | 162,687 | |
Calpine Corp. (C) | 4.500 | 02-15-28 | 443,000 | 455,050 | |
Exelon Generation Company LLC | 5.600 | 06-15-42 | 2,050,000 | 2,351,624 | |
Mong Duong Finance Holdings BV (C) | 5.125 | 05-07-29 | 212,000 | 215,165 | |
NRG Energy, Inc. | 5.750 | 01-15-28 | 292,000 | 317,470 | |
Multi-utilities 0.5% | |||||
CenterPoint Energy, Inc. | 4.250 | 11-01-28 | 1,425,000 | 1,676,761 | |
Cometa Energia SA de CV (C) | 6.375 | 04-24-35 | 282,037 | 330,674 | |
WEC Energy Group, Inc. | 1.375 | 10-15-27 | 1,575,000 | 1,588,226 | |
Term loans (I) 18.7% | $126,416,085 | ||||
(Cost $127,203,231) | |||||
Communication services 2.4% | 16,226,673 | ||||
Diversified telecommunication services 0.8% | |||||
Cablevision Lightpath LLC, Term Loan B (1 month LIBOR + 3.250%) | 3.750 | 11-30-27 | 668,325 | 669,996 | |
Cincinnati Bell, Inc., 2017 Term Loan (1 month LIBOR + 3.250%) | 4.250 | 10-02-24 | 939,062 | 938,330 | |
Consolidated Communications, Inc., 2020 Term Loan B (1 month LIBOR + 4.750%) | 5.750 | 10-02-27 | 992,513 | 999,162 | |
Intelsat Jackson Holdings SA, 2017 Term Loan B3 (E) | 0.000 | 11-27-23 | 835,000 | 844,085 | |
Iridium Satellite LLC, 2021 Term Loan B (1 month LIBOR + 2.750%) | 3.750 | 11-04-26 | 658,321 | 660,382 | |
Level 3 Financing, Inc., 2019 Term Loan B (1 month LIBOR + 1.750%) | 1.871 | 03-01-27 | 650,368 | 645,900 | |
Radiate Holdco LLC, 2020 Term Loan (1 month LIBOR + 3.500%) | 4.250 | 09-25-26 | 785,403 | 784,751 | |
Entertainment 0.2% | |||||
UFC Holdings LLC, 2019 Term Loan (6 month LIBOR + 3.250%) | 4.250 | 04-29-26 | 1,100,705 | 1,098,504 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | 29 |
Rate (%) | Maturity date | Par value^ | Value | ||
Communication services (continued) | |||||
Interactive media and services 0.2% | |||||
MH Sub I LLC, 2017 1st Lien Term Loan (1 month LIBOR + 3.500%) | 3.621 | 09-13-24 | 797,834 | $792,226 | |
MH Sub I LLC, 2020 Incremental Term Loan (1 month LIBOR + 3.750%) | 4.750 | 09-13-24 | 542,275 | 542,725 | |
Media 0.8% | |||||
Altice France SA, USD Term Loan B11 (1 month LIBOR + 2.750%) | 2.871 | 07-31-25 | 1,089,742 | 1,075,216 | |
Charter Communications Operating LLC, 2019 Term Loan B1 (1 month LIBOR + 1.750%) | 1.880 | 04-30-25 | 599,397 | 598,648 | |
Cogeco Communications USA II LP, Term Loan B (1 month LIBOR + 2.000%) | 2.121 | 01-03-25 | 615,059 | 611,640 | |
CSC Holdings LLC, 2017 Term Loan B1 (1 month LIBOR + 2.250%) | 2.377 | 07-17-25 | 1,244,058 | 1,233,956 | |
Hubbard Radio LLC, 2015 Term Loan B (3 month LIBOR + 4.250%) | 5.250 | 03-28-25 | 714,095 | 696,693 | |
Terrier Media Buyer, Inc., Term Loan B (1 month LIBOR + 4.250%) | 4.371 | 12-17-26 | 1,108,800 | 1,107,968 | |
Wireless telecommunication services 0.4% | |||||
Eagle Broadband Investments LLC, Term Loan (3 month LIBOR + 3.000%) | 3.750 | 11-12-27 | 570,000 | 572,257 | |
MTN Infrastructure TopCo, Inc., 1st Lien Term Loan B (1 month LIBOR + 3.000%) | 4.000 | 11-15-24 | 329,154 | 328,742 | |
MTN Infrastructure TopCo, Inc., 2020 Term Loan B (1 month LIBOR + 4.000%) | 5.000 | 11-17-24 | 598,496 | 600,178 | |
SBA Senior Finance II LLC, 2018 Term Loan B (1 month LIBOR + 1.750%) | 1.880 | 04-11-25 | 668,887 | 665,697 | |
Syniverse Holdings, Inc., 2018 1st Lien Term Loan (3 month LIBOR + 5.000%) | 6.000 | 03-09-23 | 838,069 | 759,617 | |
Consumer discretionary 2.5% | 16,670,402 | ||||
Auto components 0.1% | |||||
Clarios Global LP, USD Term Loan B (1 month LIBOR + 3.500%) | 3.621 | 04-30-26 | 935,714 | 934,255 | |
Diversified consumer services 0.3% | |||||
Whatabrands LLC, 2020 Term Loan B (1 month LIBOR + 2.750%) | 2.877 | 07-31-26 | 704,794 | 703,815 | |
WW International, Inc., 2017 Term Loan B (1 month LIBOR + 4.750%) | 5.500 | 11-29-24 | 993,175 | 991,934 | |
Hotels, restaurants and leisure 0.8% | |||||
Alterra Mountain Company, 2020 Term Loan B (1 month LIBOR + 4.500%) | 5.500 | 08-01-26 | 163,763 | 164,377 | |
Alterra Mountain Company, Term Loan B1 (1 month LIBOR + 2.750%) | 2.871 | 07-31-24 | 676,903 | 670,771 |
30 | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Consumer discretionary (continued) | |||||
Hotels, restaurants and leisure (continued) | |||||
Boyd Gaming Corp., Term Loan B3 (1 week LIBOR + 2.250%) | 2.342 | 09-15-23 | 1,240,438 | $1,235,910 | |
Caesars Resort Collection LLC, 2017 1st Lien Term Loan B (1 month LIBOR + 2.750%) | 2.871 | 12-23-24 | 637,168 | 625,750 | |
Golden Nugget LLC, 2017 Incremental Term Loan B (2 month LIBOR + 2.500%) | 3.250 | 10-04-23 | 947,862 | 927,426 | |
IRB Holding Corp., 2020 4th Amendment Incremental Term Loan (3 month LIBOR + 3.250%) | 4.250 | 12-15-27 | 240,000 | 240,600 | |
IRB Holding Corp., 2020 Term Loan B (6 month LIBOR + 2.750%) | 3.750 | 02-05-25 | 744,260 | 742,816 | |
Motion Finco LLC, Delayed Draw Term Loan B2 (3 month LIBOR + 3.250%) | 3.504 | 11-12-26 | 111,318 | 105,718 | |
Motion Finco LLC, USD Term Loan B1 (3 month LIBOR + 3.250%) | 3.504 | 11-12-26 | 846,985 | 804,373 | |
Household durables 0.1% | |||||
Weberstephen Products LLC, Term Loan B (1 month LIBOR + 3.250%) | 4.000 | 10-30-27 | 600,000 | 601,350 | |
Leisure products 0.2% | |||||
Hayward Industries, Inc., 1st Lien Term Loan (1 month LIBOR + 3.500%) | 3.621 | 08-05-24 | 1,082,865 | 1,077,451 | |
Hayward Industries, Inc., 2020 Incremental Term Loan (1 month LIBOR + 3.750%) | 4.500 | 08-04-26 | 260,000 | 259,350 | |
Specialty retail 1.0% | |||||
Bass Pro Group LLC, Term Loan B (1 month LIBOR + 5.000%) | 5.750 | 09-25-24 | 1,379,135 | 1,380,115 | |
Belron Finance US LLC, 2019 USD Term Loan B (J) | TBD | 10-30-26 | 797,985 | 794,992 | |
Harbor Freight Tools USA, Inc., 2020 Term Loan B (1 month LIBOR + 3.250%) | 4.000 | 10-19-27 | 603,488 | 603,789 | |
Michaels Stores, Inc., 2020 Term loan B (1 month LIBOR + 3.500%) | 4.250 | 10-01-27 | 547,250 | 545,882 | |
Nascar Holdings LLC, Term Loan B (1 month LIBOR + 2.750%) | 2.871 | 10-19-26 | 873,218 | 872,537 | |
Party City Holdings, Inc., 2018 Term Loan B (3 month LIBOR + 2.500%) | 3.250 | 08-19-22 | 784,239 | 754,219 | |
Petco Animal Supplies, Inc., 2017 Term Loan B (3 month LIBOR + 3.250%) | 4.250 | 01-26-23 | 727,176 | 725,808 | |
PetSmart, Inc., 2021 Term Loan B (J) | TBD | 01-27-28 | 310,000 | 306,900 | |
PetSmart, Inc., Consenting Term Loan (3 month LIBOR + 3.500%) | 4.500 | 03-11-22 | 600,919 | 600,264 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | 31 |
Rate (%) | Maturity date | Par value^ | Value | ||
Consumer staples 1.7% | $11,501,114 | ||||
Beverages 0.2% | |||||
Refresco Holding BV, USD Term Loan B3 (3 month LIBOR + 3.250%) | 3.471 | 03-28-25 | 1,190,641 | 1,177,746 | |
Food and staples retailing 0.1% | |||||
Shearer's Foods LLC, 2020 Term Loan B (3 month LIBOR + 4.000%) | 4.750 | 09-23-27 | 598,500 | 600,164 | |
Food products 0.8% | |||||
Chobani LLC, 2020 Term Loan B (1 month LIBOR + 3.500%) | 4.500 | 10-20-27 | 658,350 | 660,411 | |
Dole Food Company, Inc., 2017 Term Loan B (1 month LIBOR + 2.750%) | 3.750 | 04-06-24 | 1,390,242 | 1,389,255 | |
Froneri US, Inc., 2020 USD 2nd Lien Term Loan (1 month LIBOR + 5.750%) | 5.871 | 01-31-28 | 295,000 | 298,688 | |
Froneri US, Inc., 2020 USD Term Loan (1 month LIBOR + 2.250%) | 2.371 | 01-31-27 | 661,675 | 657,910 | |
Hostess Brands LLC, 2019 Term Loan (1, 2, and 3 month LIBOR + 2.250%) | 3.000 | 08-03-25 | 1,321,227 | 1,319,905 | |
Nomad Foods Lux Sarl, 2017 USD Term Loan B4 (1 month LIBOR + 2.250%) | 2.377 | 05-15-24 | 628,347 | 627,429 | |
Upfield USA Corp., 2018 USD Term Loan B2 (6 month LIBOR + 3.000%) | 3.260 | 07-02-25 | 644,475 | 640,608 | |
Household products 0.3% | |||||
Diamond BC BV, 2020 USD Incremental Term Loan (1 month LIBOR + 5.000%) | 6.000 | 09-06-24 | 134,663 | 134,326 | |
Diamond BC BV, USD Term Loan (3 month LIBOR + 3.000%) | 3.212 | 09-06-24 | 641,730 | 638,843 | |
Kronos Acquisition Holdings, Inc., 2020 Term Loan B (J) | TBD | 12-17-26 | 295,000 | 294,693 | |
Kronos Acquisition Holdings, Inc., 2021 Term Loan B (J) | TBD | 12-22-26 | 755,000 | 754,215 | |
Personal products 0.3% | |||||
Prestige Brands, Inc., Term Loan B4 (1 month LIBOR + 2.000%) | 2.121 | 01-26-24 | 374,636 | 374,947 | |
Revlon Consumer Products Corp., 2016 Term Loan B (2 and 3 month LIBOR + 3.500%) | 4.250 | 09-07-23 | 968,249 | 396,982 | |
Sunshine Luxembourg VII Sarl, USD Term Loan B1 (3 month LIBOR + 4.000%) | 5.000 | 10-01-26 | 1,531,591 | 1,534,992 | |
Energy 0.7% | 4,672,398 | ||||
Energy equipment and services 0.2% | |||||
ChampionX Corp., 2018 1st Lien Term Loan (1 month LIBOR + 2.500%) | 2.625 | 05-09-25 | 626,368 | 626,368 |
32 | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Energy (continued) | |||||
Energy equipment and services (continued) | |||||
Covia Holdings Corp., 2020 PIK Take Back Term Loan (3 month LIBOR + 4.000%) | 5.000 | 07-31-26 | 717,568 | $691,556 | |
Oil, gas and consumable fuels 0.5% | |||||
Buckeye Partners LP, 2019 Term Loan B (1 month LIBOR + 2.750%) | 2.897 | 11-01-26 | 772,906 | 772,473 | |
Granite Acquisition, Inc., Term Loan B (3 month LIBOR + 3.750%) | 4.750 | 09-19-22 | 1,851,210 | 1,855,061 | |
Prairie ECI Acquiror LP, Term Loan B (1 month LIBOR + 4.750%) | 4.871 | 03-11-26 | 739,767 | 726,940 | |
Financials 1.4% | 9,479,248 | ||||
Capital markets 0.2% | |||||
Blackstone CQP Holdco LP, Term Loan B (3 month LIBOR + 3.500%) | 3.736 | 09-30-24 | 578,532 | 578,017 | |
Sequa Mezzanine Holdings LLC, 2020 Extended Term Loan (3 month LIBOR + 6.750%) | 7.750 | 11-28-23 | 909,355 | 907,082 | |
Diversified financial services 0.6% | |||||
AlixPartners LLP, 2017 Term Loan B (1 month LIBOR + 2.500%) | 2.621 | 04-04-24 | 1,019,787 | 1,018,054 | |
AlixPartners LLP, 2021 USD Term Loan B (J) | TBD | 01-28-28 | 800,000 | 799,000 | |
Allied Universal Holdco LLC, 2019 Term Loan B (1 month LIBOR + 4.250%) | 4.371 | 07-10-26 | 542,261 | 542,006 | |
Crown Finance US, Inc., 2018 USD Term Loan (6 month LIBOR + 2.500%) | 3.500 | 02-28-25 | 944,761 | 740,721 | |
Deerfield Dakota Holding LLC, 2020 USD Term Loan B (1 month LIBOR + 3.750%) | 4.750 | 04-09-27 | 945,686 | 949,233 | |
Insurance 0.6% | |||||
Acrisure LLC, 2020 Term Loan B (J) | TBD | 02-15-27 | 590,000 | 586,100 | |
Alliant Holdings Intermediate LLC, Term Loan B (1 month LIBOR + 3.250%) | 3.371 | 05-09-25 | 999,819 | 994,370 | |
Asurion LLC, 2020 Term Loan B8 (1 month LIBOR + 3.250%) | 3.371 | 12-23-26 | 1,118,583 | 1,112,061 | |
Hub International, Ltd., 2021 Term Loan B (3 month LIBOR + 3.250%) | 4.000 | 04-25-25 | 777,521 | 778,493 | |
Ryan Specialty Group LLC, Term Loan (1 month LIBOR + 3.250%) | 4.000 | 09-01-27 | 473,813 | 474,111 | |
Health care 2.3% | 15,545,269 | ||||
Health care equipment and supplies 0.2% | |||||
Global Medical Response, Inc., 2020 Term Loan B (3 month LIBOR + 4.750%) | 5.750 | 10-02-25 | 1,214,366 | 1,214,669 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | 33 |
Rate (%) | Maturity date | Par value^ | Value | ||
Health care (continued) | |||||
Health care providers and services 1.0% | |||||
Air Methods Corp., 2017 Term Loan B (3 month LIBOR + 3.500%) | 4.500 | 04-22-24 | 1,267,958 | $1,221,842 | |
Envision Healthcare Corp., 2018 1st Lien Term Loan (1 month LIBOR + 3.750%) | 3.871 | 10-10-25 | 1,999,434 | 1,694,520 | |
LifePoint Health, Inc., 2018 Term Loan B (1 month LIBOR + 3.750%) | 3.871 | 11-16-25 | 1,462,431 | 1,459,872 | |
Surgery Center Holdings, Inc., 2017 Term Loan B (1 month LIBOR + 3.250%) | 4.250 | 09-03-24 | 1,262,568 | 1,253,098 | |
Team Health Holdings, Inc., 1st Lien Term Loan (1 month LIBOR + 2.750%) | 3.750 | 02-06-24 | 1,460,548 | 1,361,961 | |
Health care technology 0.2% | |||||
Change Healthcare Holdings LLC, 2017 Term Loan B (1 month LIBOR + 2.500%) | 3.500 | 03-01-24 | 1,046,393 | 1,046,393 | |
Life sciences tools and services 0.3% | |||||
Avantor Funding, Inc., 2020 Incremental Term Loan B4 (1 month LIBOR + 2.500%) | 3.500 | 11-08-27 | 1,200,000 | 1,203,504 | |
PPD, Inc., Initial Term Loan (1 month LIBOR + 2.250%) | 2.750 | 01-13-28 | 900,000 | 903,375 | |
Pharmaceuticals 0.6% | |||||
Bausch Health Americas, Inc., 2018 Term Loan B (1 month LIBOR + 3.000%) | 3.121 | 06-02-25 | 1,020,900 | 1,021,064 | |
Catalent Pharma Solutions, Inc., Term Loan B2 (1 month LIBOR + 2.250%) | 3.250 | 05-18-26 | 658,275 | 659,098 | |
Endo International PLC, 2017 Term Loan B (3 month LIBOR + 4.250%) | 5.000 | 04-29-24 | 1,228,758 | 1,218,007 | |
IQVIA, Inc., 2017 USD Term Loan B2 (1 month LIBOR + 1.750%) | 1.871 | 01-17-25 | 687,619 | 686,588 | |
McAfee LLC, 2018 USD Term Loan B (J) | TBD | 09-30-24 | 600,000 | 601,278 | |
Industrials 3.5% | 24,086,240 | ||||
Air freight and logistics 0.1% | |||||
XPO Logistics, Inc., 2018 Term Loan B (1 month LIBOR + 2.000%) | 2.121 | 02-24-25 | 720,000 | 719,626 | |
Airlines 0.1% | |||||
SkyMiles IP, Ltd., 2020 SkyMiles Term Loan B (3 month LIBOR + 3.750%) | 4.750 | 10-20-27 | 550,000 | 575,300 | |
Building products 0.3% | |||||
Cornerstone Building Brands, Inc., 2018 Term Loan (1 month LIBOR + 3.750%) | 3.876 | 04-12-25 | 868,089 | 868,089 | |
HNC Holdings, Inc., Term Loan B (1 month LIBOR + 4.000%) | 5.000 | 10-05-23 | 827,791 | 827,012 |
34 | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Industrials (continued) | |||||
Building products (continued) | |||||
LBM Acquisition LLC, Delayed Draw Term Loan (J) | TBD | 12-09-27 | 114,545 | $114,660 | |
LBM Acquisition LLC, Term Loan B (J) | TBD | 12-17-27 | 515,455 | 515,970 | |
Commercial services and supplies 1.0% | |||||
Camelot Finance SA, 2020 Incremental Term Loan B (1 month LIBOR + 3.000%) | 4.000 | 10-30-26 | 890,000 | 892,225 | |
Clean Harbors, Inc., 2017 Term Loan B (1 month LIBOR + 1.750%) | 1.871 | 06-28-24 | 575,613 | 574,687 | |
GFL Environmental, Inc., 2020 Term Loan (3 month LIBOR + 3.000%) | 3.500 | 05-30-25 | 588,670 | 590,631 | |
Intrado Corp., 2017 Term Loan (1 and 3 month LIBOR + 4.000%) | 5.000 | 10-10-24 | 1,156,199 | 1,136,324 | |
Lummus Technology Holdings V LLC, (1 month LIBOR + 4.000%) | 4.121 | 06-30-27 | 982,538 | 984,385 | |
MHI Holdings LLC, Term Loan B (1 month LIBOR + 5.000%) | 5.121 | 09-21-26 | 794,243 | 797,555 | |
Prime Security Services Borrower LLC, 2019 Term Loan B1 (1 and 3 month LIBOR + 3.250%) | 4.250 | 09-23-26 | 977,122 | 976,253 | |
TruGreen LP, 2020 Term Loan (1 month LIBOR + 4.000%) | 4.750 | 11-02-27 | 600,000 | 602,628 | |
Electrical equipment 0.1% | |||||
Vertiv Group Corp., Term Loan B (1 month LIBOR + 3.000%) | 3.144 | 03-02-27 | 843,625 | 844,131 | |
Machinery 1.4% | |||||
Alliance Laundry Systems LLC, Term Loan B (3 month LIBOR + 3.500%) | 4.250 | 10-08-27 | 560,000 | 561,400 | |
Blount International, Inc., 2018 Term Loan B (1 month LIBOR + 3.750%) | 4.750 | 04-12-23 | 1,142,177 | 1,142,462 | |
Douglas Dynamics LLC, 2020 Additional Term Loan B (1 month LIBOR + 3.750%) | 4.750 | 06-08-26 | 959,052 | 962,649 | |
Filtration Group Corp., 2018 1st Lien Term Loan (1 month LIBOR + 3.000%) | 3.121 | 03-29-25 | 1,041,060 | 1,029,348 | |
Filtration Group Corp., 2020 Incremental Term Loan (1 month LIBOR + 3.750%) | 4.500 | 03-29-25 | 698,250 | 701,085 | |
Gates Global LLC, 2017 USD Repriced Term Loan B (1 month LIBOR + 2.750%) | 3.750 | 04-01-24 | 1,420,107 | 1,419,227 | |
Navistar, Inc., 2017 1st Lien Term Loan B (1 month LIBOR + 3.500%) | 3.630 | 11-06-24 | 1,457,557 | 1,454,278 | |
Titan Acquisition, Ltd., 2018 Term Loan B (6 month LIBOR + 3.000%) | 3.267 | 03-28-25 | 597,232 | 584,260 | |
Vertical US Newco, Inc., USD Term Loan B (6 month LIBOR + 4.250%) | 4.478 | 07-30-27 | 578,550 | 583,051 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | 35 |
Rate (%) | Maturity date | Par value^ | Value | ||
Industrials (continued) | |||||
Machinery (continued) | |||||
Welbilt, Inc., 2018 Term Loan B (1 month LIBOR + 2.500%) | 2.645 | 10-23-25 | 786,162 | $748,426 | |
Professional services 0.3% | |||||
Creative Artists Agency LLC, 2019 Term Loan B (1 month LIBOR + 3.750%) | 3.871 | 11-27-26 | 949,283 | 941,452 | |
The Dun & Bradstreet Corp., Term Loan (1 month LIBOR + 3.750%) | 3.878 | 02-06-26 | 567,143 | 567,954 | |
Trans Union LLC, 2019 Term Loan B5 (1 month LIBOR + 1.750%) | 1.871 | 11-16-26 | 720,212 | 718,749 | |
Road and rail 0.1% | |||||
Genesee & Wyoming, Inc., Term Loan (3 month LIBOR + 2.000%) | 2.254 | 12-30-26 | 857,216 | 856,144 | |
Trading companies and distributors 0.1% | |||||
Beacon Roofing Supply, Inc., 2017 Term Loan B (1 month LIBOR + 2.250%) | 2.371 | 01-02-25 | 799,164 | 796,279 | |
Information technology 2.2% | 14,895,981 | ||||
Communications equipment 0.2% | |||||
CommScope, Inc., 2019 Term Loan B (1 month LIBOR + 3.250%) | 3.371 | 04-06-26 | 736,958 | 734,541 | |
Plantronics, Inc., 2018 Term Loan B (1 month LIBOR + 2.500%) | 2.647 | 07-02-25 | 639,575 | 632,021 | |
Electronic equipment, instruments and components 0.4% | |||||
CPI International, Inc., 2017 1st Lien Term Loan (1 month LIBOR + 3.500%) | 4.500 | 07-26-24 | 945,476 | 945,873 | |
Robertshaw US Holding Corp., 2018 1st Lien Term Loan (1 month LIBOR + 3.500%) | 4.500 | 02-28-25 | 1,147,550 | 1,098,779 | |
Robertshaw US Holding Corp., 2018 2nd Lien Term Loan (1 month LIBOR + 8.000%) | 9.000 | 02-28-26 | 700,000 | 588,000 | |
Software 1.1% | |||||
BY Crown Parent LLC, Term Loan B1 (1 month LIBOR + 3.000%) | 4.000 | 02-02-26 | 502,475 | 501,636 | |
Cornerstone OnDemand, Inc., Term Loan B (1 month LIBOR + 4.250%) | 4.379 | 04-22-27 | 663,414 | 665,902 | |
Finastra USA, Inc., USD 1st Lien Term Loan (3 and 6 month LIBOR + 3.500%) | 4.500 | 06-13-24 | 1,015,804 | 996,443 | |
Rackspace Technology Global, Inc., 2017 Incremental 1st Lien Term Loan (3 month LIBOR + 3.000%) | 4.000 | 11-03-23 | 1,223,140 | 1,222,456 | |
Sophia LP, 2020 1st Lien Term Loan (3 month LIBOR + 3.750%) | 4.500 | 10-07-27 | 610,000 | 611,678 | |
SS&C Technologies, Inc., 2018 Term Loan B3 (1 month LIBOR + 1.750%) | 1.871 | 04-16-25 | 510,239 | 506,989 |
36 | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Information technology (continued) | |||||
Software (continued) | |||||
SS&C Technologies, Inc., 2018 Term Loan B4 (1 month LIBOR + 1.750%) | 1.871 | 04-16-25 | 388,537 | $386,062 | |
Surf Holdings LLC, USD Term Loan (3 month LIBOR + 3.500%) | 3.726 | 03-05-27 | 845,750 | 844,481 | |
UKG, Inc., 2021 Term Loan (3 month LIBOR + 4.000%) | 4.750 | 05-04-26 | 428,925 | 431,769 | |
UKG, Inc., Term Loan B (1 month LIBOR + 3.750%) | 3.871 | 05-04-26 | 671,624 | 672,887 | |
Xperi Holding Corp., 2020 Term Loan B (1 month LIBOR + 4.000%) | 4.121 | 06-01-25 | 624,357 | 628,572 | |
Technology hardware, storage and peripherals 0.5% | |||||
Dell International LLC, 2019 Term Loan B (1 month LIBOR + 2.000%) | 2.750 | 09-19-25 | 952,116 | 953,382 | |
HCP Acquisition LLC, 2017 Term Loan B (1 month LIBOR + 3.000%) | 4.000 | 05-16-24 | 911,626 | 912,929 | |
TierPoint LLC, 2017 1st Lien Term Loan (1 month LIBOR + 3.750%) | 4.750 | 05-06-24 | 921,868 | 921,103 | |
Western Digital Corp., 2018 Term Loan B4 (1 month LIBOR + 1.750%) | 1.871 | 04-29-23 | 640,478 | 640,478 | |
Materials 1.6% | 10,860,747 | ||||
Chemicals 0.9% | |||||
Alpha 3 BV, 2017 Term Loan B1 (3 month LIBOR + 3.000%) | 4.000 | 01-31-24 | 1,396,127 | 1,398,864 | |
Encapsys LLC, 2020 Term Loan B2 (1 month LIBOR + 3.250%) | 4.250 | 11-07-24 | 1,265,365 | 1,263,783 | |
Ferro Corp., 2018 USD Term Loan B1 (3 month LIBOR + 2.250%) | 2.504 | 02-14-24 | 1,155,154 | 1,150,615 | |
Gemini HDPE LLC, 2020 Term Loan B (3 month LIBOR + 3.000%) | 3.500 | 12-31-27 | 880,000 | 873,770 | |
INEOS US Petrochem LLC, 2021 USD Term Loan B (J) | TBD | 01-21-26 | 275,000 | 275,803 | |
PQ Corp., 2018 Term Loan B (3 month LIBOR + 2.250%) | 2.462 | 02-07-27 | 497,679 | 496,166 | |
PQ Corp., 2020 USD Incremental Term Loan B (3 month LIBOR + 3.000%) | 4.000 | 02-07-27 | 427,296 | 427,510 | |
Construction materials 0.3% | |||||
White Cap Buyer LLC, Term Loan B (6 month LIBOR + 4.000%) | 4.500 | 10-19-27 | 1,753,245 | 1,758,838 | |
Containers and packaging 0.1% | |||||
Graham Packaging Company, Inc., Term Loan (1 month LIBOR + 3.750%) | 4.500 | 08-04-27 | 308,593 | 309,322 | |
Pactiv Evergreen Group Holdings, Inc., 2020 Term Loan B2 (1 month LIBOR + 3.250%) | 3.371 | 02-05-26 | 690,000 | 690,345 | |
Paper and forest products 0.3% | |||||
Asplundh Tree Expert LLC, Term Loan B (1 month LIBOR + 2.500%) | 2.621 | 09-07-27 | 658,350 | 659,719 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | 37 |
Rate (%) | Maturity date | Par value^ | Value | ||
Materials (continued) | |||||
Paper and forest products (continued) | |||||
Flex Acquisition Company, Inc., 1st Lien Term Loan (3 month LIBOR + 3.000%) | 4.000 | 12-29-23 | 1,556,743 | $1,556,012 | |
Real estate 0.2% | 1,313,131 | ||||
Equity real estate investment trusts 0.1% | |||||
VICI Properties 1 LLC, Replacement Term Loan B (1 month LIBOR + 1.750%) | 1.879 | 12-20-24 | 780,000 | 773,932 | |
Real estate management and development 0.1% | |||||
Realogy Group LLC, 2018 Term Loan B (1 month LIBOR + 2.250%) | 3.000 | 02-08-25 | 542,181 | 539,199 | |
Utilities 0.2% | 1,164,882 | ||||
Electric utilities 0.2% | |||||
Vistra Operations Company LLC, 1st Lien Term Loan B3 (1 month LIBOR + 1.750%) | 1.872 | 12-31-25 | 1,164,090 | 1,164,882 | |
Collateralized mortgage obligations 15.7% | $106,290,945 | ||||
(Cost $106,611,417) | |||||
Commercial and residential 15.6% | 105,802,884 | ||||
280 Park Avenue Mortgage Trust Series 2017-280P, Class A (1 month LIBOR + 0.880%) (B)(C) | 1.007 | 09-15-34 | 2,500,000 | 2,501,545 | |
Arroyo Mortgage Trust Series 2018-1, Class A1 (C)(K) | 3.763 | 04-25-48 | 582,756 | 593,137 | |
BBCMS Mortgage Trust | |||||
Series 2018-TALL, Class A (1 month LIBOR + 0.722%) (B)(C) | 0.849 | 03-15-37 | 3,200,000 | 3,192,946 | |
Series 2018-TALL, Class B (1 month LIBOR + 0.971%) (B)(C) | 1.098 | 03-15-37 | 1,825,000 | 1,820,435 | |
BBCMS Trust Series 2018-BXH, Class A (1 month LIBOR + 1.000%) (B)(C) | 1.127 | 10-15-37 | 2,003,002 | 1,969,753 | |
BB-UBS Trust | |||||
Series 2012-TFT, Class A (C) | 2.892 | 06-05-30 | 2,000,000 | 1,980,125 | |
Series 2012-TFT, Class B (C)(K) | 3.468 | 06-05-30 | 700,000 | 516,894 | |
BX Commercial Mortgage Trust | |||||
Series 2019-IMC, Class B (1 month LIBOR + 1.300%) (B)(C) | 1.426 | 04-15-34 | 3,440,000 | 3,422,800 | |
Series 2019-XL, Class A (1 month LIBOR + 0.920%) (B)(C) | 1.046 | 10-15-36 | 2,135,920 | 2,139,560 | |
Series 2019-XL, Class B (1 month LIBOR + 1.080%) (B)(C) | 1.206 | 10-15-36 | 1,423,947 | 1,428,653 | |
Series 2020-BXLP, Class B (1 month LIBOR + 1.000%) (B)(C) | 1.126 | 12-15-36 | 1,498,628 | 1,499,570 |
38 | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Commercial and residential (continued) | |||||
BX Trust Series 2019-ATL, Class A (1 month LIBOR + 1.087%) (B)(C) | 1.213 | 10-15-36 | 4,000,000 | $3,989,996 | |
CG-CCRE Commercial Mortgage Trust Series 2014-FL2, Class A (1 month LIBOR + 1.854%) (B)(C) | 1.981 | 11-15-31 | 1,216,964 | 1,151,532 | |
CGDB Commercial Mortgage Trust Series 2019-MOB, Class A (1 month LIBOR + 0.950%) (B)(C) | 1.077 | 11-15-36 | 2,000,000 | 1,997,491 | |
CGMS Commercial Mortgage Trust Series 2017-MDRB, Class A (1 month LIBOR + 1.100%) (B)(C) | 1.226 | 07-15-30 | 2,170,815 | 2,092,132 | |
CHT Mortgage Trust Series 2017-CSMO, Class A (1 month LIBOR + 0.930%) (B)(C) | 1.057 | 11-15-36 | 3,900,000 | 3,898,740 | |
Citigroup Commercial Mortgage Trust (Citigroup/Drexel Hamilton) | |||||
Series 2018-TBR, Class A (1 month LIBOR + 0.830%) (B)(C) | 0.956 | 12-15-36 | 3,575,000 | 3,563,797 | |
Series 2019-SST2, Class A (1 month LIBOR + 0.920%) (B)(C) | 1.047 | 12-15-36 | 3,040,000 | 3,043,819 | |
Citigroup Mortgage Loan Trust Series 2013-2, Class 5A1 (1 month LIBOR + 0.140%) (B)(C) | 0.288 | 07-25-36 | 164,708 | 164,470 | |
CLNY Trust Series 2019-IKPR, Class A (1 month LIBOR + 1.129%) (B)(C) | 1.256 | 11-15-38 | 3,500,000 | 3,478,299 | |
Commercial Mortgage Trust (Cantor Fitzgerald/Deutsche Bank AG) Series 2012-CR3, Class C (C)(K) | 4.584 | 10-15-45 | 200,000 | 154,128 | |
Countrywide Home Loan Mortgage Pass Through Trust Series 2004-25, Class 2A1 (1 month LIBOR + 0.680%) (B) | 0.810 | 02-25-35 | 1,679,403 | 1,579,545 | |
Credit Suisse Mortgage Capital Certificates Series 2019-ICE4, Class B (1 month LIBOR + 1.230%) (B)(C) | 1.356 | 05-15-36 | 3,000,000 | 3,003,595 | |
DBGS Mortgage Trust Series 2018-5BP, Class A (1 month LIBOR + 0.645%) (B)(C) | 0.771 | 06-15-33 | 3,750,000 | 3,749,917 | |
Deephaven Residential Mortgage Trust | |||||
Series 2018-1A, Class A1 (C)(K) | 2.976 | 12-25-57 | 394,784 | 396,063 | |
Series 2019-2A, Class A1 (C)(K) | 3.558 | 04-25-59 | 925,274 | 931,145 | |
Financial Asset Securities Corp. AAA Trust Series 2005-2, Class A3 (1 month LIBOR + 0.300%) (B)(C) | 0.425 | 11-26-35 | 168 | 150 | |
GS Mortgage Securities Corp. Trust | |||||
Series 2018-3PCK, Class D (1 month LIBOR + 4.000%) (B)(C) | 4.126 | 09-15-31 | 1,000,000 | 812,109 | |
Series 2020-TWN3, Class A (1 month LIBOR + 2.000%) (B)(C) | 2.126 | 11-15-37 | 2,375,000 | 2,382,643 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | 39 |
Rate (%) | Maturity date | Par value^ | Value | ||
Commercial and residential (continued) | |||||
HarborView Mortgage Loan Trust Series 2007-3, Class 2A1A (1 month LIBOR + 0.200%) (B) | 0.330 | 05-19-47 | 1,355,445 | $1,330,828 | |
Hilton Orlando Trust Series 2018-ORL, Class A (1 month LIBOR + 0.920%) (B)(C) | 1.047 | 12-15-34 | 4,050,000 | 4,047,490 | |
HMH Trust Series 2017-NSS, Class E (C) | 6.292 | 07-05-31 | 1,350,000 | 1,149,351 | |
Hudsons Bay Simon JV Trust Series 2015-HBFL, Class AFL (1 month LIBOR + 1.830%) (B)(C) | 1.974 | 08-05-34 | 6,250,000 | 5,845,099 | |
IndyMac INDA Mortgage Loan Trust Series 2005-AR2, Class 1A1 (K) | 2.859 | 01-25-36 | 466,924 | 413,377 | |
JPMorgan Chase Commercial Mortgage Securities Trust | |||||
Series 2006-LDP9, Class AMS | 5.337 | 05-15-47 | 4,092,217 | 2,845,968 | |
Series 2019-MARG, Class A (1 month LIBOR + 1.100%) (B)(C) | 1.226 | 05-15-34 | 2,250,000 | 2,182,804 | |
Key Commercial Mortgage Securities Trust Series 2019-S2, Class A1 (C) | 2.656 | 06-15-52 | 2,785,657 | 2,912,261 | |
LSTAR Securities Investment Trust | |||||
Series 2019-3, Class A1 (1 month LIBOR + 1.500%) (B)(C) | 1.644 | 04-01-24 | 2,339,639 | 2,322,376 | |
Series 2019-4, Class A1 (1 month LIBOR + 1.500%) (B)(C) | 1.644 | 05-01-24 | 3,063,267 | 3,058,576 | |
MBRT Series 2019-MBR, Class A (1 month LIBOR + 0.850%) (B)(C) | 0.976 | 11-15-36 | 4,300,000 | 4,299,993 | |
Morgan Stanley Capital I Trust | |||||
Series 2017-ASHF, Class A (1 month LIBOR + 0.850%) (B)(C) | 0.976 | 11-15-34 | 2,673,393 | 2,617,988 | |
Series 2019-BPR, Class D (1 month LIBOR + 4.000%) (B)(C) | 4.126 | 05-15-36 | 930,000 | 623,792 | |
Series 2019-NUGS, Class A (1 month LIBOR + 0.950%) (B)(C) | 2.450 | 12-15-36 | 2,200,000 | 2,250,884 | |
MSBAM Commercial Mortgage Securities Trust Series 2012-CKSV, Class C (C)(K) | 4.283 | 10-15-30 | 1,800,000 | 1,246,496 | |
MSCG Trust Series 2018-SELF, Class A (1 month LIBOR + 0.900%) (B)(C) | 1.026 | 10-15-37 | 1,775,000 | 1,774,976 | |
MTRO Commercial Mortgage Trust Series 2019-TECH, Class A (1 month LIBOR + 0.900%) (B)(C) | 1.027 | 12-15-33 | 2,375,000 | 2,375,000 | |
RBS Commercial Funding, Inc. Trust Series 2013-GSP, Class A (C)(K) | 3.834 | 01-15-32 | 1,150,000 | 1,221,318 | |
RBSSP Resecuritization Trust Series 2012-6, Class 6A1 (1 month LIBOR + 0.340%) (B)(C) | 0.828 | 11-26-35 | 283,055 | 283,064 | |
Verus Securitization Trust | |||||
Series 2019-2, Class A1 (C)(K) | 3.211 | 05-25-59 | 407,092 | 410,561 | |
Series 2019-3, Class A1 (C) | 2.784 | 07-25-59 | 1,061,250 | 1,087,365 |
40 | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Commercial and residential (continued) | |||||
WaMu Mortgage Pass-Through Certificates | |||||
Series 2005-AR1, Class A1A (1 month LIBOR + 0.640%) (B) | 0.770 | 01-25-45 | 451,556 | $445,695 | |
Series 2005-AR11, Class A1A (1 month LIBOR + 0.640%) (B) | 0.770 | 08-25-45 | 1,157,977 | 1,155,942 | |
Series 2005-AR6, Class 2A1A (1 month LIBOR + 0.460%) (B) | 0.590 | 04-25-45 | 1,067,765 | 1,088,863 | |
Series 2005-AR8, Class 1A1A (1 month LIBOR + 0.540%) (B) | 0.670 | 07-25-45 | 1,060,974 | 1,007,462 | |
WFRBS Commercial Mortgage Trust Series 2012-C9, Class E (C)(K) | 4.810 | 11-15-45 | 400,000 | 350,366 | |
U.S. Government Agency 0.1% | 488,061 | ||||
Federal Home Loan Mortgage Corp. | |||||
Series 2015-SC02, Class 1A | 3.000 | 09-25-45 | 109,399 | 111,083 | |
Series 4013, Class DK | 3.000 | 02-15-31 | 366,970 | 376,978 | |
Asset backed securities 6.8% | $46,001,670 | ||||
(Cost $45,441,031) | |||||
Asset backed securities 6.8% | 46,001,670 | ||||
Aqua Finance Trust Series 2019-A, Class A (C) | 3.140 | 07-16-40 | 1,206,866 | 1,238,290 | |
Drive Auto Receivables Trust Series 2019-1, Class C | 3.780 | 04-15-25 | 515,000 | 523,457 | |
Ford Credit Auto Owner Trust Series 2018-1, Class A (C) | 3.190 | 07-15-31 | 2,575,000 | 2,829,712 | |
Hertz Vehicle Financing II LP Series 2017-1A, Class A (C) | 2.960 | 10-25-21 | 328,881 | 329,715 | |
Invitation Homes Trust | |||||
Series 2017-SFR2, Class A (1 month LIBOR + 0.850%) (B)(C) | 0.979 | 12-17-36 | 1,885,733 | 1,885,733 | |
Series 2018-SFR1, Class A (1 month LIBOR + 0.700%) (B)(C) | 0.829 | 03-17-37 | 2,610,842 | 2,605,496 | |
Series 2018-SFR2, Class A (1 month LIBOR + 0.900%) (B)(C) | 1.026 | 06-17-37 | 3,075,131 | 3,077,058 | |
Series 2018-SFR3, Class A (1 month LIBOR + 1.000%) (B)(C) | 1.129 | 07-17-37 | 2,968,816 | 2,979,497 | |
New Residential Advance Receivables Trust | |||||
Series 2020-T1, Class AT1 (C) | 1.426 | 08-15-53 | 2,625,000 | 2,639,958 | |
Series 2020-T2, Class AT2 (C) | 1.475 | 09-15-53 | 2,425,000 | 2,438,228 | |
Ocwen Master Advance Receivables Trust Series 2020-T1, Class AT1 (C) | 1.278 | 08-15-52 | 2,900,000 | 2,916,907 | |
Santander Drive Auto Receivables Trust Series 2018-1, Class E (C) | 4.370 | 05-15-25 | 1,775,000 | 1,826,957 | |
SMB Private Education Loan Trust | |||||
Series 2015-B, Class A3 (1 month LIBOR + 1.750%) (B)(C) | 1.877 | 05-17-32 | 900,000 | 918,008 | |
Series 2017-B, Class A2B (1 month LIBOR + 0.750%) (B)(C) | 0.877 | 10-15-35 | 1,843,623 | 1,848,210 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | 41 |
Rate (%) | Maturity date | Par value^ | Value | ||
Asset backed securities (continued) | |||||
SoFi Professional Loan Program LLC | |||||
Series 2015-C, Class A1 (1 month LIBOR + 1.050%) (B)(C) | 1.180 | 08-27-35 | 367,239 | $367,777 | |
Series 2016-C, Class A1 (1 month LIBOR + 1.100%) (B)(C) | 1.230 | 10-27-36 | 394,043 | 396,325 | |
Series 2016-D, Class A1 (1 month LIBOR + 0.950%) (B)(C) | 1.080 | 01-25-39 | 225,205 | 226,396 | |
Towd Point Mortgage Trust Series 2018-4, Class A1 (C)(K) | 3.000 | 06-25-58 | 847,809 | 900,354 | |
Trafigura Securitisation Finance PLC Series 2018-1A, Class A1 (1 month LIBOR + 0.730%) (B)(C) | 0.857 | 03-15-22 | 3,780,000 | 3,779,528 | |
Vericrest Opportunity Loan Trust | |||||
Series 2019-NPL2, Class A1 (C) | 3.967 | 02-25-49 | 538,095 | 539,711 | |
Series 2020-NPL5, Class A1A (C) | 2.982 | 03-25-50 | 840,850 | 842,168 | |
VOLT LXXX LLC Series 2019-NPL6, Class A1A (C) | 3.228 | 10-25-49 | 1,234,039 | 1,236,575 | |
VOLT LXXXIII LLC Series 2019-NPL9, Class A1A (C) | 3.327 | 11-26-49 | 2,163,173 | 2,170,442 | |
VOLT LXXXIV LLC Series 2019-NP10, Class A1A (C) | 3.426 | 12-27-49 | 1,118,911 | 1,122,163 | |
VOLT LXXXVII LLC Series 2020-NPL4, Class A1 (C) | 2.981 | 03-25-50 | 2,213,196 | 2,219,893 | |
World Financial Network Credit Card Master Trust Series 2018-B, Class M | 3.810 | 07-15-25 | 4,100,000 | 4,143,112 | |
Shares | Value | ||||
Common stocks 0.1% | $700,036 | ||||
(Cost $1,132,779) | |||||
Energy 0.1% | 700,036 | ||||
Energy equipment and services 0.1% | |||||
Covia Equity (L) | 71,223 | 427,338 | |||
Paragon Offshore PLC, Litigation Trust A (L) | 2,695 | 270 | |||
Paragon Offshore PLC, Litigation Trust B (L) | 1,348 | 14,154 | |||
Oil, gas and consumable fuels 0.0% | |||||
Euronav NV | 7 | 55 | |||
Oasis Petroleum, Inc. (L) | 6,892 | 258,217 | |||
Southcross Holdings LP, Class A (H)(L) | 246 | 2 |
Rate (%) | Maturity date | Par value^ | Value | ||
Escrow certificates 0.0% | $16,231 | ||||
(Cost $4,430) | |||||
Texas Competitive Electric Holdings Company LLC (H)(L) | 11.500 | 10-01-20 | 10,820,544 | 16,231 | |
42 | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Yield*(%) | Maturity date | Par value^ | Value | ||
Short-term investments 2.9% | $19,430,921 | ||||
(Cost $19,431,145) | |||||
Foreign government 0.1% | 419,467 | ||||
Egypt Treasury Bill | 11.704 | 08-10-21 | EGP | 2,375,000 | 141,694 |
Egypt Treasury Bill | 11.812 | 09-28-21 | EGP | 2,350,000 | 137,852 |
Egypt Treasury Bill | 12.131 | 06-15-21 | EGP | 2,300,000 | 139,921 |
Yield (%) | Shares | Value | |||
Short-term funds 2.8% | 19,011,454 | ||||
John Hancock Collateral Trust (M) | 0.1320(N) | 175,583 | 1,757,002 | ||
State Street Institutional Treasury Plus Money Market Fund, Premier Class | 0.0299(N) | 17,254,452 | 17,254,452 |
Total investments (Cost $659,529,105) 99.9% | $674,818,152 | ||||
Other assets and liabilities, net 0.1% | 933,295 | ||||
Total net assets 100.0% | $675,751,447 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | |
^All par values are denominated in U.S. dollars unless otherwise indicated. | |
Currency Abbreviations | |
BRL | Brazilian Real |
CLP | Chilean Peso |
CNY | Chinese Yuan Renminbi |
COP | Colombian Peso |
CZK | Czech Republic Koruna |
EGP | Egyptian Pound |
EUR | Euro |
IDR | Indonesian Rupiah |
MXN | Mexican Peso |
MYR | Malaysian Ringgit |
PEN | Peruvian Nuevo Sol |
PLN | Polish Zloty |
RON | Romanian New Leu |
RUB | Russian Ruble |
THB | Thai Bhat |
TRY | Turkish Lira |
UYU | Uruguayan Peso |
ZAR | South African Rand |
Security Abbreviations and Legend | |
CMT | Constant Maturity Treasury |
LIBOR | London Interbank Offered Rate |
PIK | Pay-in-Kind Security - Represents a payment-in-kind which may pay interest in additional par and/or cash. Rates shown are the current rate and most recent payment rate. |
SOFR | Secured Overnight Financing Rate |
TBA | To Be Announced. A forward mortgage-backed securities trade issued by a U.S. Government Agency, to be delivered at an agreed-upon future settlement date. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | 43 |
(A) | Security purchased or sold on a when-issued or delayed delivery basis. |
(B) | Variable rate obligation. The coupon rate shown represents the rate at period end. |
(C) | These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $259,012,816 or 38.3% of the fund's net assets as of 1-31-21. |
(D) | Zero coupon bonds are issued at a discount from their principal amount in lieu of paying interest periodically. Rate shown is the effective yield at period end. |
(E) | Non-income producing - Issuer is in default. |
(F) | Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date. |
(G) | All or a portion of this security is on loan as of 1-31-21. |
(H) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. Refer to Note 2 to the financial statements. |
(I) | Term loans are variable rate obligations. The coupon rate shown represents the rate at period end. |
(J) | This position represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate, which is disclosed as TBD (To Be Determined). |
(K) | Variable or floating rate security, the interest rate of which adjusts periodically based on a weighted average of interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of period end. |
(L) | Non-income producing security. |
(M) | Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |
(N) | The rate shown is the annualized seven-day yield as of 1-31-21. |
* | Yield represents either the annualized yield at the date of purchase, the stated coupon rate or, for floating rate securities, the rate at period end. |
44 | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Open contracts | Number of contracts | Position | Expiration date | Notional basis^ | Notional value^ | Unrealized appreciation (depreciation) |
2-Year U.S. Treasury Note Futures | 170 | Long | Mar 2021 | $37,528,145 | $37,566,016 | $37,871 |
5-Year U.S. Treasury Note Futures | 1,026 | Long | Mar 2021 | 129,167,670 | 129,147,750 | (19,920) |
10-Year U.S. Treasury Note Futures | 311 | Short | Mar 2021 | (42,813,525) | (42,616,719) | 196,806 |
Ultra U.S. Treasury Bond Futures | 312 | Short | Mar 2021 | (67,412,755) | (63,872,250) | 3,540,505 |
$3,755,262 |
Contract to buy | Contract to sell | Counterparty (OTC) | Contractual settlement date | Unrealized appreciation | Unrealized depreciation | ||
BRL | 1,021,000 | USD | 191,823 | CITI | 2/2/2021 | — | $(5,216) |
BRL | 1,758,000 | USD | 338,322 | GSI | 2/2/2021 | — | (17,015) |
BRL | 1,021,000 | USD | 189,959 | CITI | 3/2/2021 | — | (3,500) |
BRL | 1,158,000 | USD | 215,302 | GSI | 3/2/2021 | — | (3,824) |
CLP | 214,234,592 | USD | 295,362 | CITI | 4/29/2021 | — | (3,594) |
CZK | 7,013,452 | USD | 322,303 | CITI | 2/8/2021 | $4,722 | — |
CZK | 1,393,750 | USD | 64,089 | GSI | 2/8/2021 | 899 | — |
CZK | 6,019,792 | USD | 278,144 | JPM | 2/8/2021 | 2,548 | — |
EUR | 7,100,000 | GBP | 6,315,256 | GSI | 2/12/2021 | — | (35,190) |
EUR | 2,840,000 | JPY | 361,453,332 | JPM | 2/12/2021 | — | (3,875) |
EUR | 7,200,000 | USD | 8,729,241 | CITI | 2/25/2021 | 12,683 | — |
EUR | 4,250,000 | USD | 5,160,316 | JPM | 2/25/2021 | — | (152) |
EUR | 503,341 | USD | 618,989 | CITI | 3/22/2021 | — | (7,505) |
EUR | 1,607,213 | USD | 1,961,341 | JPM | 3/22/2021 | — | (8,819) |
GBP | 6,408,382 | EUR | 7,100,000 | JPM | 2/12/2021 | 162,791 | — |
GBP | 2,495,342 | USD | 3,407,016 | GSI | 2/12/2021 | 12,130 | — |
GBP | 5,099,915 | USD | 6,927,668 | JPM | 2/12/2021 | 60,295 | — |
HUF | 16,300,000 | USD | 56,033 | CITI | 2/18/2021 | — | (640) |
HUF | 34,357,150 | USD | 118,105 | GSI | 2/18/2021 | — | (1,346) |
HUF | 187,155,850 | USD | 636,542 | JPM | 2/18/2021 | — | (516) |
JPY | 692,729,466 | AUD | 8,580,000 | GSI | 2/12/2021 | 56,426 | — |
JPY | 743,689,920 | AUD | 9,280,000 | CITI | 2/25/2021 | 8,292 | — |
MXN | 52,320,000 | USD | 2,596,887 | CITI | 2/25/2021 | — | (50,665) |
MXN | 153,122,000 | USD | 7,725,542 | JPM | 2/25/2021 | — | (273,658) |
PLN | 133,000 | USD | 36,118 | CITI | 2/8/2021 | — | (411) |
PLN | 585,266 | USD | 159,005 | GSI | 2/8/2021 | — | (1,879) |
PLN | 2,375,000 | USD | 639,840 | JPM | 2/8/2021 | — | (2,226) |
RUB | 15,135,725 | USD | 203,867 | GSI | 3/22/2021 | — | (4,737) |
THB | 6,517,000 | USD | 217,130 | CITI | 2/4/2021 | 610 | — |
THB | 14,166,255 | USD | 469,247 | GSI | 2/4/2021 | 4,062 | — |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | 45 |
Contract to buy | Contract to sell | Counterparty (OTC) | Contractual settlement date | Unrealized appreciation | Unrealized depreciation | ||
USD | 190,095 | BRL | 1,021,000 | CITI | 2/2/2021 | $3,488 | — |
USD | 330,474 | BRL | 1,758,000 | GSI | 2/2/2021 | 9,166 | — |
USD | 451,361 | CNY | 2,944,000 | CITI | 4/29/2021 | — | $(2,102) |
USD | 172,533 | CNY | 1,125,396 | HUS | 4/29/2021 | — | (811) |
USD | 175,241 | COP | 612,906,000 | CITI | 3/19/2021 | 3,789 | — |
USD | 341,533 | COP | 1,190,672,000 | JPM | 3/19/2021 | 8,459 | — |
USD | 4,315,265 | EUR | 3,554,200 | CITI | 3/22/2021 | — | (2,553) |
USD | 1,287,327 | EUR | 1,058,003 | JPM | 3/22/2021 | 2,013 | — |
USD | 6,977,834 | GBP | 5,130,000 | CITI | 2/12/2021 | — | (51,351) |
USD | 34,725 | IDR | 486,143,031 | CITI | 3/8/2021 | 217 | — |
USD | 116,611 | IDR | 1,649,465,000 | GSI | 3/8/2021 | — | (470) |
USD | 161,110 | IDR | 2,259,084,000 | JPM | 3/8/2021 | 757 | — |
USD | 71,239 | MXN | 1,440,127 | CITI | 3/29/2021 | 1,397 | — |
USD | 201,433 | MXN | 4,072,523 | GSI | 3/29/2021 | 3,928 | — |
USD | 196,619 | MXN | 3,975,725 | JPM | 3/29/2021 | 3,808 | — |
USD | 135,241 | PEN | 488,821 | GSI | 3/19/2021 | 860 | — |
USD | 73,346 | PEN | 265,000 | JPM | 3/19/2021 | 496 | — |
USD | 24,295 | THB | 730,000 | GSI | 2/4/2021 | — | (95) |
USD | 1,080,354 | ZAR | 16,296,664 | GSI | 2/11/2021 | 4,311 | — |
ZAR | 400,000 | USD | 26,483 | GSI | 2/11/2021 | — | (72) |
$368,147 | $(482,222) |
Credit default swaps - Buyer | ||||||||||
Counterparty (OTC)/ Centrally cleared | Reference obligation | Notional amount | Currency | USD notional amount |
Pay |
Fixed | Maturity date | Unamortized upfront payment paid (received) | Unrealized appreciation (depreciation) | Value |
Centrally cleared | CDX.EM.34 | 75,400,000 | USD | $75,400,000 | 1.000% | Quarterly | Dec 2025 | $4,162,045 | $(1,671,671) | $2,490,374 |
Centrally cleared | CDX.NA.IG.35 | 84,175,000 | USD | 84,175,000 | 1.000% | Quarterly | Dec 2025 | (1,916,549) | 38,044 | (1,878,505) |
$159,575,000 | $2,245,496 | $(1,633,627) | $611,869 |
Credit default swaps - Seller | |||||||||||
Counterparty (OTC)/ Centrally cleared | Reference obligation | Implied credit spread | Notional amount | Currency | USD notional amount | Received fixed rate | Fixed payment frequency | Maturity date | Unamortized upfront payment paid (received) | Unrealized appreciation (depreciation) | Value |
Centrally cleared | CDX.NA.HY.34 | 2.892% | 12,673,000 | USD | $12,673,000 | 5.000% | Quarterly | Jun 2025 | $661,933 | $447,408 | $1,109,341 |
$12,673,000 | $661,933 | $447,408 | $1,109,341 |
46 | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Total return swaps | ||||||||||
Pay/ receive total return* | Reference entity | Floating/ fixed rate | Payment frequency | Currency | Notional amount | Maturity date | Counterparty (OTC) | Unamortized upfront payment paid (received) | Unrealized appreciation (depreciation) | Value |
Pay | iBoxx USD Liquid Leveraged Loan Index | 3-Month USD LIBOR | At Maturity | USD | 10,200,000 | Jun 2021 | JPM | — | $(141,229) | $(141,229) |
— | $(141,229) | $(141,229) |
Derivatives Currency Abbreviations | |
AUD | Australian Dollar |
BRL | Brazilian Real |
CLP | Chilean Peso |
CNY | Chinese Yuan Renminbi |
COP | Colombian Peso |
CZK | Czech Republic Koruna |
EUR | Euro |
GBP | Pound Sterling |
HUF | Hungarian Forint |
IDR | Indonesian Rupiah |
JPY | Japanese Yen |
MXN | Mexican Peso |
PEN | Peruvian Nuevo Sol |
PLN | Polish Zloty |
RUB | Russian Ruble |
THB | Thai Bhat |
USD | U.S. Dollar |
ZAR | South African Rand |
Derivatives Abbreviations | |
CITI | Citibank, N.A. |
GSI | Goldman Sachs International |
HUS | HSBC Bank USA, N.A. |
JPM | JPMorgan Chase Bank, N.A. |
LIBOR | London Interbank Offered Rate |
OTC | Over-the-counter |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | 47 |
Assets | |
Unaffiliated investments, at value (Cost $657,772,164) including $1,722,584 of securities loaned | $673,061,150 |
Affiliated investments, at value (Cost $1,756,941) | 1,757,002 |
Total investments, at value (Cost $659,529,105) | 674,818,152 |
Receivable for centrally cleared swaps | 4,408,224 |
Unrealized appreciation on forward foreign currency contracts | 368,147 |
Receivable for futures variation margin | 472,827 |
Cash | 600,938 |
Foreign currency, at value (Cost $232,209) | 250,465 |
Collateral held at broker for futures contracts | 2,442,201 |
Collateral segregated at custodian for OTC derivative contracts | 130,000 |
Interest receivable | 5,073,533 |
Receivable for fund shares sold | 1,219,466 |
Receivable for investments sold | 6,947,140 |
Receivable for securities lending income | 1,409 |
Other assets | 43,419 |
Total assets | 696,775,921 |
Liabilities | |
Unrealized depreciation on forward foreign currency contracts | 482,222 |
Swap contracts, at value | 141,229 |
Distributions payable | 1,346 |
Payable for collateral on OTC derivatives | 90,000 |
Payable for investments purchased | 10,015,683 |
Payable for delayed delivery securities purchased | 7,875,215 |
Payable for fund shares repurchased | 413,364 |
Payable upon return of securities loaned | 1,756,954 |
Payable to affiliates | |
Accounting and legal services fees | 50,321 |
Transfer agent fees | 12,859 |
Trustees' fees | 680 |
Other liabilities and accrued expenses | 184,601 |
Total liabilities | 21,024,474 |
Net assets | $675,751,447 |
Net assets consist of | |
Paid-in capital | $741,716,281 |
Total distributable earnings (loss) | (65,964,834) |
Net assets | $675,751,447 |
48 | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Net asset value per share | |
Based on net asset value and shares outstanding - the fund has an unlimited number of shares authorized with no par value | |
Class A ($79,638,901 ÷ 8,114,385 shares)1 | $9.81 |
Class C ($3,093,758 ÷ 315,259 shares)1 | $9.81 |
Class I ($51,361,800 ÷ 5,240,155 shares) | $9.80 |
Class R6 ($7,037,061 ÷ 717,079 shares) | $9.81 |
Class NAV ($534,619,927 ÷ 54,442,523 shares) | $9.82 |
Maximum offering price per share | |
Class A (net asset value per share ÷ 97.5%)2 | $10.06 |
1 | Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
2 | On single retail sales of less than $100,000. On sales of $100,000 or more and on group sales the offering price is reduced. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | 49 |
Investment income | |
Interest | $11,912,853 |
Securities lending | 4,059 |
Dividends | 4 |
Less foreign taxes withheld | (29,781) |
Total investment income | 11,887,135 |
Expenses | |
Investment management fees | 2,449,768 |
Distribution and service fees | 132,887 |
Accounting and legal services fees | 65,192 |
Transfer agent fees | 73,663 |
Trustees' fees | 6,380 |
Custodian fees | 71,445 |
State registration fees | 41,613 |
Printing and postage | 21,256 |
Professional fees | 93,539 |
Other | 23,789 |
Total expenses | 2,979,532 |
Less expense reductions | (26,333) |
Net expenses | 2,953,199 |
Net investment income | 8,933,936 |
Realized and unrealized gain (loss) | |
Net realized gain (loss) on | |
Unaffiliated investments and foreign currency transactions | 4,149,378 |
Affiliated investments | (372) |
Futures contracts | 1,759,695 |
Forward foreign currency contracts | 314,192 |
Swap contracts | (5,641,970) |
580,923 | |
Change in net unrealized appreciation (depreciation) of | |
Unaffiliated investments and translation of assets and liabilities in foreign currencies | 10,958,106 |
Affiliated investments | 61 |
Futures contracts | 5,509,620 |
Forward foreign currency contracts | 471,275 |
Swap contracts | 3,241,607 |
20,180,669 | |
Net realized and unrealized gain | 20,761,592 |
Increase in net assets from operations | $29,695,528 |
50 | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Six months ended 1-31-21 (unaudited) | Year ended 7-31-20 | |
Increase (decrease) in net assets | ||
From operations | ||
Net investment income | $8,933,936 | $27,239,854 |
Net realized gain (loss) | 580,923 | (3,556,748) |
Change in net unrealized appreciation (depreciation) | 20,180,669 | (9,401,630) |
Increase in net assets resulting from operations | 29,695,528 | 14,281,476 |
Distributions to shareholders | ||
From earnings | ||
Class A | (703,654) | (1,660,755) |
Class C | (19,005) | (57,517) |
Class I | (482,123) | (920,529) |
Class R21 | — | (416) |
Class R41 | — | (428) |
Class R6 | (81,817) | (171,361) |
Class NAV | (6,214,872) | (15,041,141) |
From tax return of capital | ||
Class A | — | (809,804) |
Class C | — | (28,046) |
Class I | — | (448,861) |
Class R6 | — | (83,557) |
Class NAV | — | (7,334,239) |
Total distributions | (7,501,471) | (26,556,654) |
From fund share transactions | (15,276,467) | (196,250,160) |
Total increase (decrease) | 6,917,590 | (208,525,338) |
Net assets | ||
Beginning of period | 668,833,857 | 877,359,195 |
End of period | $675,751,447 | $668,833,857 |
1 | Class R2 and Class R4 shares were fully redeemed on 10-29-19. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | 51 |
CLASS A SHARES Period ended | 1-31-211 | 7-31-20 | 7-31-19 | 7-31-18 | 7-31-17 | 7-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $9.50 | $9.57 | $9.51 | $9.74 | $9.57 | $9.73 |
Net investment income2 | 0.11 | 0.29 | 0.35 | 0.32 | 0.29 | 0.29 |
Net realized and unrealized gain (loss) on investments | 0.29 | (0.07) | 0.06 | (0.23) | 0.17 | (0.11) |
Total from investment operations | 0.40 | 0.22 | 0.41 | 0.09 | 0.46 | 0.18 |
Less distributions | ||||||
From net investment income | (0.09) | (0.19) | (0.35) | (0.32) | (0.29) | (0.34) |
From tax return of capital | — | (0.10) | — | — | — | — |
Total distributions | (0.09) | (0.29) | (0.35) | (0.32) | (0.29) | (0.34) |
Net asset value, end of period | $9.81 | $9.50 | $9.57 | $9.51 | $9.74 | $9.57 |
Total return (%)3,4 | 4.225 | 2.34 | 4.45 | 0.91 | 4.85 | 1.93 |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $80 | $74 | $92 | $60 | $37 | $27 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 1.236 | 1.22 | 1.20 | 1.18 | 1.17 | 1.17 |
Expenses including reductions | 1.226 | 1.21 | 1.19 | 1.17 | 1.16 | 1.17 |
Net investment income | 2.246 | 3.13 | 3.69 | 3.30 | 2.99 | 3.10 |
Portfolio turnover (%) | 33 | 62 | 59 | 68 | 77 | 52 |
1 | Six months ended 1-31-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Does not reflect the effect of sales charges, if any. |
5 | Not annualized. |
6 | Annualized. |
52 | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS C SHARES Period ended | 1-31-211 | 7-31-20 | 7-31-19 | 7-31-18 | 7-31-17 | 7-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $9.50 | $9.57 | $9.51 | $9.74 | $9.57 | $9.73 |
Net investment income2 | 0.07 | 0.23 | 0.29 | 0.26 | 0.24 | 0.23 |
Net realized and unrealized gain (loss) on investments | 0.30 | (0.08) | 0.06 | (0.24) | 0.15 | (0.12) |
Total from investment operations | 0.37 | 0.15 | 0.35 | 0.02 | 0.39 | 0.11 |
Less distributions | ||||||
From net investment income | (0.06) | (0.15) | (0.29) | (0.25) | (0.22) | (0.27) |
From tax return of capital | — | (0.07) | — | — | — | — |
Total distributions | (0.06) | (0.22) | (0.29) | (0.25) | (0.22) | (0.27) |
Net asset value, end of period | $9.81 | $9.50 | $9.57 | $9.51 | $9.74 | $9.57 |
Total return (%)3,4 | 3.865 | 1.64 | 3.74 | 0.24 | 4.15 | 1.23 |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $3 | $3 | $3 | $3 | $3 | $3 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 1.936 | 1.92 | 1.90 | 1.88 | 1.87 | 1.88 |
Expenses including reductions | 1.926 | 1.91 | 1.89 | 1.87 | 1.86 | 1.87 |
Net investment income | 1.546 | 2.45 | 3.12 | 2.72 | 2.44 | 2.47 |
Portfolio turnover (%) | 33 | 62 | 59 | 68 | 77 | 52 |
1 | Six months ended 1-31-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Does not reflect the effect of sales charges, if any. |
5 | Not annualized. |
6 | Annualized. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | 53 |
CLASS I SHARES Period ended | 1-31-211 | 7-31-20 | 7-31-19 | 7-31-18 | 7-31-17 | 7-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $9.49 | $9.56 | $9.49 | $9.73 | $9.56 | $9.72 |
Net investment income2 | 0.12 | 0.32 | 0.38 | 0.36 | 0.33 | 0.33 |
Net realized and unrealized gain (loss) on investments | 0.29 | (0.08) | 0.07 | (0.25) | 0.16 | (0.12) |
Total from investment operations | 0.41 | 0.24 | 0.45 | 0.11 | 0.49 | 0.21 |
Less distributions | ||||||
From net investment income | (0.10) | (0.20) | (0.38) | (0.35) | (0.32) | (0.37) |
From tax return of capital | — | (0.11) | — | — | — | — |
Total distributions | (0.10) | (0.31) | (0.38) | (0.35) | (0.32) | (0.37) |
Net asset value, end of period | $9.80 | $9.49 | $9.56 | $9.49 | $9.73 | $9.56 |
Total return (%)3 | 4.384 | 2.65 | 4.87 | 1.13 | 5.21 | 2.25 |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $51 | $42 | $37 | $37 | $33 | $23 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 0.935 | 0.92 | 0.91 | 0.88 | 0.86 | 0.86 |
Expenses including reductions | 0.925 | 0.91 | 0.90 | 0.87 | 0.85 | 0.85 |
Net investment income | 2.565 | 3.44 | 4.09 | 3.70 | 3.44 | 3.49 |
Portfolio turnover (%) | 33 | 62 | 59 | 68 | 77 | 52 |
1 | Six months ended 1-31-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
54 | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS R6 SHARES Period ended | 1-31-211 | 7-31-20 | 7-31-19 | 7-31-18 | 7-31-17 | 7-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $9.50 | $9.57 | $9.50 | $9.74 | $9.57 | $9.73 |
Net investment income2 | 0.13 | 0.33 | 0.40 | 0.37 | 0.34 | 0.34 |
Net realized and unrealized gain (loss) on investments | 0.29 | (0.08) | 0.06 | (0.25) | 0.16 | (0.12) |
Total from investment operations | 0.42 | 0.25 | 0.46 | 0.12 | 0.50 | 0.22 |
Less distributions | ||||||
From net investment income | (0.11) | (0.21) | (0.39) | (0.36) | (0.33) | (0.38) |
From tax return of capital | — | (0.11) | — | — | — | — |
Total distributions | (0.11) | (0.32) | (0.39) | (0.36) | (0.33) | (0.38) |
Net asset value, end of period | $9.81 | $9.50 | $9.57 | $9.50 | $9.74 | $9.57 |
Total return (%)3 | 4.444 | 2.77 | 4.99 | 1.24 | 5.33 | 2.40 |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $7 | $7 | $7 | $6 | $2 | $1 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 0.825 | 0.81 | 0.79 | 0.78 | 0.77 | 0.77 |
Expenses including reductions | 0.815 | 0.80 | 0.79 | 0.77 | 0.74 | 0.74 |
Net investment income | 2.655 | 3.56 | 4.22 | 3.85 | 3.56 | 3.61 |
Portfolio turnover (%) | 33 | 62 | 59 | 68 | 77 | 52 |
1 | Six months ended 1-31-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | 55 |
CLASS NAV SHARES Period ended | 1-31-211 | 7-31-20 | 7-31-19 | 7-31-18 | 7-31-17 | 7-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $9.50 | $9.57 | $9.51 | $9.75 | $9.57 | $9.74 |
Net investment income2 | 0.13 | 0.34 | 0.40 | 0.37 | 0.34 | 0.34 |
Net realized and unrealized gain (loss) on investments | 0.30 | (0.08) | 0.05 | (0.25) | 0.17 | (0.13) |
Total from investment operations | 0.43 | 0.26 | 0.45 | 0.12 | 0.51 | 0.21 |
Less distributions | ||||||
From net investment income | (0.11) | (0.22) | (0.39) | (0.36) | (0.33) | (0.38) |
From tax return of capital | — | (0.11) | — | — | — | — |
Total distributions | (0.11) | (0.33) | (0.39) | (0.36) | (0.33) | (0.38) |
Net asset value, end of period | $9.82 | $9.50 | $9.57 | $9.51 | $9.75 | $9.57 |
Total return (%)3 | 4.554 | 2.68 | 5.00 | 1.25 | 5.43 | 2.27 |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $535 | $542 | $738 | $853 | $1,156 | $1,326 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 0.815 | 0.80 | 0.78 | 0.77 | 0.75 | 0.75 |
Expenses including reductions | 0.805 | 0.79 | 0.77 | 0.76 | 0.74 | 0.74 |
Net investment income | 2.675 | 3.58 | 4.24 | 3.81 | 3.55 | 3.61 |
Portfolio turnover (%) | 33 | 62 | 59 | 68 | 77 | 52 |
1 | Six months ended 1-31-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
56 | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
SEMIANNUAL REPORT | JOHN HANCOCK Short Duration Credit Opportunities Fund | 57 |
Total value at 1-31-21 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
U.S. Government and Agency obligations | $8,041,774 | — | $8,041,774 | — |
Foreign government obligations | 102,430,872 | — | 102,430,872 | — |
Corporate bonds | 265,489,618 | — | 265,489,572 | $46 |
Term loans | 126,416,085 | — | 126,416,085 | — |
Collateralized mortgage obligations | 106,290,945 | — | 106,290,945 | — |
Asset backed securities | 46,001,670 | — | 46,001,670 | — |
Common stocks | 700,036 | $258,272 | 441,762 | 2 |
Escrow certificates | 16,231 | — | — | 16,231 |
Short-term investments | 19,430,921 | 19,011,454 | 419,467 | — |
Total investments in securities | $674,818,152 | $19,269,726 | $655,532,147 | $16,279 |
Derivatives: | ||||
Assets | ||||
Futures | $3,775,182 | $3,775,182 | — | — |
Forward foreign currency contracts | 368,147 | — | $368,147 | — |
Swap contracts | 3,599,715 | — | 3,599,715 | — |
Liabilities | ||||
Futures | (19,920) | (19,920) | — | — |
Forward foreign currency contracts | (482,222) | — | (482,222) | — |
58 | JOHN HANCOCK Short Duration Credit Opportunities Fund | SEMIANNUAL REPORT |
Total value at 1-31-21 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Swap contracts | $(2,019,734) | — | $(2,019,734) | — |
SEMIANNUAL REPORT | JOHN HANCOCK Short Duration Credit Opportunities Fund | 59 |
60 | JOHN HANCOCK Short Duration Credit Opportunities Fund | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK Short Duration Credit Opportunities Fund | 61 |
62 | JOHN HANCOCK Short Duration Credit Opportunities Fund | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK Short Duration Credit Opportunities Fund | 63 |
64 | JOHN HANCOCK Short Duration Credit Opportunities Fund | SEMIANNUAL REPORT |
Risk | Statement of assets and liabilities location | Financial instruments location | Assets derivatives fair value | Liabilities derivatives fair value |
Interest rate | Receivable/payable for futures variation margin1 | Futures | $3,775,182 | $(19,920) |
Currency | Unrealized appreciation (depreciation) on forward foreign currency contracts | Forward foreign currency contracts | 368,147 | (482,222) |
Credit | Swap contracts, at value2 | Credit default swaps | 3,599,715 | (1,878,505) |
SEMIANNUAL REPORT | JOHN HANCOCK Short Duration Credit Opportunities Fund | 65 |
Risk | Statement of assets and liabilities location | Financial instruments location | Assets derivatives fair value | Liabilities derivatives fair value |
Interest rate | Swap contracts, at value2 | Total return swaps | — | $(141,229) |
$7,743,044 | $(2,521,876) |
1 | Reflects cumulative appreciation/depreciation on futures as disclosed in Fund's investments. Only the period end variation margin is separately disclosed on the Statement of assets and liabilities. |
2 | Reflects cumulative value of swap contracts. Receivable/payable for centrally cleared swaps, which includes value and margin, and swap contracts at value, which represents OTC swaps, are shown separately on the Statement of assets and liabilities. |
Statement of operations location - Net realized gain (loss) on: | |||||
Risk | Unaffiliated investments and foreign currency transactions1 | Futures contracts | Forward foreign currency contracts | Swap contracts | Total |
Interest rate | — | $1,759,695 | — | $(499,469) | $1,260,226 |
Currency | $(78,095) | — | $314,192 | — | 236,097 |
Credit | — | — | — | (5,142,501) | (5,142,501) |
Total | $(78,095) | $1,759,695 | $314,192 | $(5,641,970) | $(3,646,178) |
1 | Realized gain/loss associated with purchased options is included in this caption on the Statement of operations. |
Statement of operations location - Change in net unrealized appreciation (depreciation) of: | |||||
Risk | Unaffiliated investments and translation of assets and liabilities in foreign currencies1 | Futures contracts | Forward foreign currency contracts | Swap contracts | Total |
Interest rate | — | $5,509,620 | — | $(47,924) | $5,461,696 |
Currency | $77,147 | — | $471,275 | — | 548,422 |
Credit | — | — | — | 3,289,531 | 3,289,531 |
Total | $77,147 | $5,509,620 | $471,275 | $3,241,607 | $9,299,649 |
1 | Change in unrealized appreciation/depreciation associated with purchased options is included in this caption on the Statement of operations. |
66 | JOHN HANCOCK Short Duration Credit Opportunities Fund | SEMIANNUAL REPORT |
Class | Expense reduction |
Class A | $2,963 |
Class C | 128 |
Class I | 1,742 |
Class | Expense reduction |
Class R6 | $280 |
Class NAV | 21,220 |
Total | $26,333 |
SEMIANNUAL REPORT | JOHN HANCOCK Short Duration Credit Opportunities Fund | 67 |
Class | Rule 12b-1 Fee |
Class A | 0.30% |
Class C | 1.00% |
Class | Distribution and service fees | Transfer agent fees |
Class A | $116,180 | $44,969 |
Class C | 16,707 | 1,940 |
Class I | — | 26,355 |
Class R6 | — | 399 |
Total | $132,887 | $73,663 |
68 | JOHN HANCOCK Short Duration Credit Opportunities Fund | SEMIANNUAL REPORT |
Borrower or Lender | Weighted Average Loan Balance | Days Outstanding | Weighted Average Interest Rate | Interest Income (Expense) |
Lender | $28,400,000 | 1 | 0.670% | $529 |
Six Months Ended 1-31-21 | Year Ended 7-31-20 | |||
Shares | Amount | Shares | Amount | |
Class A shares | ||||
Sold | 3,631,756 | $34,978,661 | 8,452,305 | $79,646,832 |
Distributions reinvested | 72,937 | 702,910 | 263,965 | 2,467,286 |
Repurchased | (3,374,934) | (32,508,711) | (10,500,993) | (98,213,130) |
Net increase (decrease) | 329,759 | $3,172,860 | (1,784,723) | $(16,099,012) |
Class C shares | ||||
Sold | 81,111 | $781,363 | 149,830 | $1,419,408 |
Distributions reinvested | 1,969 | 18,954 | 9,154 | 85,423 |
Repurchased | (125,456) | (1,209,868) | (165,701) | (1,485,702) |
Net increase (decrease) | (42,376) | $(409,551) | (6,717) | $19,129 |
Class I shares | ||||
Sold | 1,475,948 | $14,290,650 | 2,734,927 | $25,661,567 |
Distributions reinvested | 49,813 | 479,613 | 146,868 | 1,369,080 |
Repurchased | (724,624) | (6,990,761) | (2,268,718) | (21,025,267) |
Net increase | 801,137 | $7,779,502 | 613,077 | $6,005,380 |
Class R2 shares1 | ||||
Repurchased | — | — | (5,155) | $(49,106) |
Net decrease | — | — | (5,155) | $(49,106) |
Class R4 shares1 | ||||
Repurchased | — | — | (5,155) | $(49,105) |
Net decrease | — | — | (5,155) | $(49,105) |
SEMIANNUAL REPORT | JOHN HANCOCK Short Duration Credit Opportunities Fund | 69 |
Six Months Ended 1-31-21 | Year Ended 7-31-20 | |||
Shares | Amount | Shares | Amount | |
Class R6 shares | ||||
Sold | 91,327 | $879,964 | 243,307 | $2,280,858 |
Distributions reinvested | 8,495 | 81,817 | 27,302 | 254,918 |
Repurchased | (153,957) | (1,481,584) | (267,178) | (2,475,435) |
Net increase (decrease) | (54,135) | $(519,803) | 3,431 | $60,341 |
Class NAV shares | ||||
Sold | 1,338,805 | $12,877,629 | 1,853,533 | $17,353,149 |
Distributions reinvested | 644,372 | 6,214,872 | 2,392,622 | 22,375,380 |
Repurchased | (4,580,118) | (44,391,976) | (24,311,975) | (225,866,316) |
Net decrease | (2,596,941) | $(25,299,475) | (20,065,820) | $(186,137,787) |
Total net decrease | (1,562,556) | $(15,276,467) | (21,251,062) | $(196,250,160) |
1 | Class R2 and Class R4 shares were fully redeemed on 10-29-19. |
Fund | Affiliated Concentration |
John Hancock Funds II Multimanager Lifestyle Balanced Portfolio | 32.1% |
John Hancock Funds II Multimanager Lifestyle Growth Portfolio | 12.4% |
John Hancock Funds II Multimanager Lifestyle Conservative Portfolio | 10.4% |
John Hancock Funds II Multimanager Lifestyle Moderate Portfolio | 10.1% |
John Hancock Funds II Alternative Asset Allocation Fund | 5.2% |
70 | JOHN HANCOCK Short Duration Credit Opportunities Fund | SEMIANNUAL REPORT |
Dividends and distributions | |||||||||
Affiliate | Ending share amount | Beginning value | Cost of purchases | Proceeds from shares sold | Realized gain (loss) | Change in unrealized appreciation (depreciation) | Income distributions received | Capital gain distributions received | Ending value |
John Hancock Collateral Trust* | 175,583 | — | $6,167,990 | $(4,410,677) | $(372) | $61 | $4,059 | — | $1,757,002 |
* | Refer to the Securities lending note within Note 2 for details regarding this investment. |
SEMIANNUAL REPORT | JOHN HANCOCK Short Duration Credit Opportunities Fund | 71 |
Steven R. Pruchansky, Vice Chairperson
Andrew G. Arnott†
Charles L. Bardelis*
James R. Boyle
Peter S. Burgess
*William H. Cunningham
Grace K. Fey
Marianne Harrison†
Deborah C. Jackson
James M. Oates*
Frances G. Rathke*,1
Gregory A. Russo
President
Chief Financial Officer
Treasurer
Secretary and Chief Legal Officer
Chief Compliance Officer
Kumaran K. Damodaran
Matthew Kearns, CFA
Roger M. Lavan, CFA
David A. Oliver, CFA
William W. Perry
Hunter C. Schwarz
Stuart W. Sclater-Booth
David A. Torchia
Peter J. Wilby, CFA
You can also contact us: | ||
800-225-5291 | Regular mail: | Express mail: |
jhinvestments.com | John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 | John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
72 | JOHN HANCOCK SHORT DURATION CREDIT OPPORTUNITIES FUND | SEMIANNUAL REPORT |
Communications ETF
GOVERNANCE FUNDS
representing one of America’s most trusted brands, with a heritage of
financial stewardship dating back to 1862. Helping our shareholders
pursue their financial goals is at the core of everything we do. It’s why
we support the role of professional financial advice and operate with
the highest standards of conduct and integrity.
We search the world to find proven portfolio teams with specialized
expertise for every strategy we offer, then we apply robust investment
oversight to ensure they continue to meet our uncompromising
standards and serve the best interests of our shareholders.
a diverse set of investments backed by some of the world’s best
managers, along with strong risk-adjusted returns across asset classes.
200 Berkeley Street ■ Boston, MA 02116-5010 ■ 800-225-5291 ■ jhinvestments.com
MF1516394 | 350SA 1/21 |
President and CEO,
John Hancock Investment Management
Head of Wealth and Asset Management,
United States and Europe
SEMIANNUAL REPORT | JOHN HANCOCK ABSOLUTE RETURN CURRENCY FUND | 1 |
2 | JOHN HANCOCK ABSOLUTE RETURN CURRENCY FUND | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK ABSOLUTE RETURN CURRENCY FUND | 3 |
Average annual total returns (%) with maximum sales charge | Cumulative total returns (%) with maximum sales charge | ||||||
1-year | 5-year | 10-year | 6-month | 5-year | 10-year | ||
Class A | 13.23 | 2.69 | 1.53 | -5.97 | 14.18 | 16.36 | |
Class C1 | 14.88 | 2.60 | 1.36 | -4.40 | 13.72 | 14.51 | |
Class I2 | 17.08 | 3.65 | 2.21 | -2.93 | 19.61 | 24.38 | |
Class R21,2 | 16.84 | 3.43 | 1.91 | -3.02 | 18.35 | 20.83 | |
Class R61,2 | 17.25 | 3.76 | 2.28 | -2.80 | 20.29 | 25.31 | |
Class NAV2 | 17.19 | 3.75 | 2.35 | -2.80 | 20.23 | 26.18 | |
Index† | 0.33 | 1.09 | 0.56 | 0.04 | 5.59 | 5.78 |
Class A | Class C | Class I | Class R2 | Class R6 | Class NAV | |
Gross (%) | 1.43 | 2.13 | 1.13 | 1.52 | 1.02 | 1.01 |
Net (%) | 1.42 | 2.12 | 1.12 | 1.51 | 1.01 | 1.00 |
4 | JOHN HANCOCK ABSOLUTE RETURN CURRENCY FUND | SEMIANNUAL REPORT |
Start date | With maximum sales charge ($) | Without sales charge ($) | Index ($) | |
Class C1,3 | 1-31-11 | 11,451 | 11,451 | 10,578 |
Class I2 | 1-31-11 | 12,438 | 12,438 | 10,578 |
Class R21,2 | 1-31-11 | 12,083 | 12,083 | 10,578 |
Class R61,2 | 1-31-11 | 12,531 | 12,531 | 10,578 |
Class NAV2 | 1-31-11 | 12,618 | 12,618 | 10,578 |
1 | Class C shares were first offered on 8-28-14; Class R2 shares were first offered on 3-27-15; Class R6 shares were first offered on 11-1-11. Returns prior to these dates are those of Class A shares that have not been adjusted for class-specific expenses; otherwise, returns would vary. |
2 | For certain types of investors, as described in the fund's prospectuses. |
3 | The contingent deferred sales charge is not applicable. |
SEMIANNUAL REPORT | JOHN HANCOCK ABSOLUTE RETURN CURRENCY FUND | 5 |
6 | JOHN HANCOCK ABSOLUTE RETURN CURRENCY FUND | SEMIANNUAL REPORT |
Account value on 8-1-2020 | Ending value on 1-31-2021 | Expenses paid during period ended 1-31-20211 | Annualized expense ratio | ||
Class A | Actual expenses/actual returns | $1,000.00 | $969.70 | $7.40 | 1.49% |
Hypothetical example | 1,000.00 | 1,017.70 | 7.58 | 1.49% | |
Class C | Actual expenses/actual returns | 1,000.00 | 965.70 | 10.85 | 2.19% |
Hypothetical example | 1,000.00 | 1,014.20 | 11.12 | 2.19% | |
Class I | Actual expenses/actual returns | 1,000.00 | 970.70 | 5.91 | 1.19% |
Hypothetical example | 1,000.00 | 1,019.20 | 6.06 | 1.19% | |
Class R2 | Actual expenses/actual returns | 1,000.00 | 969.80 | 6.65 | 1.34% |
Hypothetical example | 1,000.00 | 1,018.50 | 6.82 | 1.34% | |
Class R6 | Actual expenses/actual returns | 1,000.00 | 972.00 | 5.42 | 1.09% |
Hypothetical example | 1,000.00 | 1,019.70 | 5.55 | 1.09% | |
Class NAV | Actual expenses/actual returns | 1,000.00 | 972.00 | 5.37 | 1.08% |
Hypothetical example | 1,000.00 | 1,019.80 | 5.50 | 1.08% |
1 | Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half year period). |
SEMIANNUAL REPORT | JOHN HANCOCK ABSOLUTE RETURN CURRENCY FUND | 7 |
Yield* (%) | Maturity date | Par value^ | Value | ||
Short-term investments 100.6% | $381,146,865 | ||||
(Cost $381,135,884) | |||||
U.S. Government 91.1% | 344,964,907 | ||||
U.S. Treasury Bill (A) | 0.071 | 04-22-21 | 200,000,000 | 199,975,556 | |
U.S. Treasury Bill (A) | 0.080 | 03-18-21 | 145,000,000 | 144,989,351 |
Yield (%) | Shares | Value | |||
Short-term funds 9.5% | 36,181,958 | ||||
State Street Institutional Treasury Plus Money Market Fund, Premier Class | 0.0299(B) | 36,181,958 | 36,181,958 |
Total investments (Cost $381,135,884) 100.6% | $381,146,865 | ||||
Other assets and liabilities, net (0.6%) | (2,316,831) | ||||
Total net assets 100.0% | $378,830,034 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | |
^All par values are denominated in U.S. dollars unless otherwise indicated. | |
Security Abbreviations and Legend | |
(A) | All or a portion of this security is segregated at the custodian as collateral for certain derivatives. |
(B) | The rate shown is the annualized seven-day yield as of 1-31-21. |
* | Yield represents either the annualized yield at the date of purchase, the stated coupon rate or, for floating rate securities, the rate at period end. |
8 | JOHN HANCOCK ABSOLUTE RETURN CURRENCY FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Contract to buy | Contract to sell | Counterparty (OTC) | Contractual settlement date | Unrealized appreciation | Unrealized depreciation | ||
AUD | 95,793,314 | USD | 72,158,593 | CITI | 3/17/2021 | $1,069,532 | — |
AUD | 95,793,314 | USD | 72,158,516 | DB | 3/17/2021 | 1,069,607 | — |
AUD | 95,793,314 | USD | 72,158,232 | MSCS | 3/17/2021 | 1,069,891 | — |
CAD | 109,409,619 | USD | 85,728,855 | CITI | 3/17/2021 | — | $(159,258) |
CAD | 109,409,619 | USD | 85,728,757 | DB | 3/17/2021 | — | (159,160) |
CAD | 109,409,619 | USD | 85,781,129 | MSCS | 3/17/2021 | — | (211,530) |
EUR | 82,088,059 | USD | 100,110,875 | CITI | 3/17/2021 | — | (397,747) |
EUR | 82,088,059 | USD | 100,110,769 | DB | 3/17/2021 | — | (397,637) |
EUR | 82,088,059 | USD | 100,110,440 | MSCS | 3/17/2021 | — | (397,309) |
GBP | 37,253,511 | USD | 50,641,928 | CITI | 3/17/2021 | 412,844 | — |
GBP | 37,253,511 | USD | 50,641,915 | DB | 3/17/2021 | 412,857 | — |
GBP | 37,253,511 | USD | 50,641,728 | MSCS | 3/17/2021 | 413,043 | — |
JPY | 17,161,335,570 | USD | 164,678,825 | CITI | 3/17/2021 | — | (769,423) |
JPY | 17,161,335,570 | USD | 164,678,780 | DB | 3/17/2021 | — | (769,378) |
JPY | 17,161,335,570 | USD | 164,707,230 | MSCS | 3/17/2021 | — | (797,829) |
NOK | 643,463,199 | USD | 73,738,140 | CITI | 3/17/2021 | 1,380,430 | — |
NOK | 643,463,199 | USD | 73,738,131 | DB | 3/17/2021 | 1,380,439 | — |
NOK | 643,463,199 | USD | 73,737,804 | MSCS | 3/17/2021 | 1,380,766 | — |
NZD | 77,323,594 | USD | 55,226,406 | CITI | 3/17/2021 | 338,777 | — |
NZD | 77,323,594 | USD | 55,226,373 | DB | 3/17/2021 | 338,808 | — |
NZD | 77,323,594 | USD | 55,218,049 | MSCS | 3/17/2021 | 347,130 | — |
SEK | 733,873,265 | USD | 87,982,694 | CITI | 3/17/2021 | — | (118,846) |
SEK | 733,873,265 | USD | 87,982,762 | DB | 3/17/2021 | — | (118,912) |
SEK | 733,873,265 | USD | 87,996,666 | MSCS | 3/17/2021 | — | (132,818) |
SGD | 57,356,647 | USD | 43,143,912 | CITI | 3/17/2021 | 32,209 | — |
SGD | 57,356,647 | USD | 43,143,886 | DB | 3/17/2021 | 32,238 | — |
SGD | 57,356,647 | USD | 43,143,692 | MSCS | 3/17/2021 | 32,432 | — |
USD | 92,777,171 | AUD | 123,148,685 | CITI | 3/17/2021 | — | (1,362,458) |
USD | 92,777,280 | AUD | 123,148,685 | DB | 3/17/2021 | — | (1,362,351) |
USD | 92,820,586 | AUD | 123,148,685 | MSCS | 3/17/2021 | — | (1,319,041) |
USD | 134,881,011 | CAD | 173,605,178 | CITI | 3/17/2021 | — | (896,131) |
USD | 134,881,131 | CAD | 173,605,178 | DB | 3/17/2021 | — | (896,012) |
USD | 135,678,241 | CAD | 173,605,178 | MSCS | 3/17/2021 | — | (98,900) |
USD | 50,148,968 | EUR | 41,277,979 | CITI | 3/17/2021 | 8,222 | — |
USD | 50,149,058 | EUR | 41,277,979 | DB | 3/17/2021 | 8,313 | — |
USD | 50,149,215 | EUR | 41,277,979 | MSCS | 3/17/2021 | 8,469 | — |
USD | 97,623,185 | GBP | 72,440,757 | CITI | 3/17/2021 | — | (1,654,609) |
USD | 97,623,411 | GBP | 72,440,757 | DB | 3/17/2021 | — | (1,654,382) |
USD | 97,616,657 | GBP | 72,440,757 | MSCS | 3/17/2021 | — | (1,661,138) |
USD | 104,445,353 | JPY | 10,823,551,199 | CITI | 3/17/2021 | 1,068,678 | — |
USD | 104,445,382 | JPY | 10,823,551,199 | DB | 3/17/2021 | 1,068,706 | — |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK ABSOLUTE RETURN CURRENCY FUND | 9 |
Contract to buy | Contract to sell | Counterparty (OTC) | Contractual settlement date | Unrealized appreciation | Unrealized depreciation | ||
USD | 104,421,038 | JPY | 10,823,551,199 | MSCS | 3/17/2021 | $1,044,364 | — |
USD | 68,951,425 | NOK | 592,018,060 | CITI | 3/17/2021 | — | $(161,385) |
USD | 68,951,467 | NOK | 592,018,060 | DB | 3/17/2021 | — | (161,345) |
USD | 68,951,742 | NOK | 592,018,060 | MSCS | 3/17/2021 | — | (161,068) |
USD | 54,010,229 | NZD | 76,267,610 | CITI | 3/17/2021 | — | (796,114) |
USD | 54,010,306 | NZD | 76,267,610 | DB | 3/17/2021 | — | (796,038) |
USD | 54,018,465 | NZD | 76,267,610 | MSCS | 3/17/2021 | — | (787,879) |
USD | 143,909,365 | SEK | 1,196,858,339 | CITI | 3/17/2021 | 614,077 | — |
USD | 143,909,280 | SEK | 1,196,858,339 | DB | 3/17/2021 | 613,994 | — |
USD | 143,845,431 | SEK | 1,196,858,339 | MSCS | 3/17/2021 | 550,146 | — |
USD | 33,959,366 | SGD | 45,233,632 | CITI | 3/17/2021 | — | (90,966) |
USD | 33,959,311 | SGD | 45,233,632 | DB | 3/17/2021 | — | (91,019) |
USD | 33,959,466 | SGD | 45,233,632 | MSCS | 3/17/2021 | — | (90,866) |
$14,695,972 | $(18,471,549) |
Derivatives Currency Abbreviations | |
AUD | Australian Dollar |
CAD | Canadian Dollar |
EUR | Euro |
GBP | Pound Sterling |
JPY | Japanese Yen |
NOK | Norwegian Krone |
NZD | New Zealand Dollar |
SEK | Swedish Krona |
SGD | Singapore Dollar |
USD | U.S. Dollar |
Derivatives Abbreviations | |
CITI | Citibank, N.A. |
DB | Deutsche Bank AG |
MSCS | Morgan Stanley Capital Services LLC |
OTC | Over-the-counter |
10 | JOHN HANCOCK ABSOLUTE RETURN CURRENCY FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Assets | |
Unaffiliated investments, at value (Cost $381,135,884) | $381,146,865 |
Unrealized appreciation on forward foreign currency contracts | 14,695,972 |
Interest receivable | 748 |
Receivable for fund shares sold | 2,199,309 |
Other assets | 56,372 |
Total assets | 398,099,266 |
Liabilities | |
Unrealized depreciation on forward foreign currency contracts | 18,471,549 |
Payable for investments purchased | 748 |
Payable for fund shares repurchased | 554,055 |
Payable to affiliates | |
Investment management fees | 464 |
Accounting and legal services fees | 38,350 |
Transfer agent fees | 14,171 |
Trustees' fees | 865 |
Other liabilities and accrued expenses | 189,030 |
Total liabilities | 19,269,232 |
Net assets | $378,830,034 |
Net assets consist of | |
Paid-in capital | $485,394,767 |
Total distributable earnings (loss) | (106,564,733) |
Net assets | $378,830,034 |
Net asset value per share | |
Based on net asset value and shares outstanding - the fund has an unlimited number of shares authorized with no par value | |
Class A ($11,436,785 ÷ 1,151,441 shares)1 | $9.93 |
Class C ($516,809 ÷ 52,449 shares)1 | $9.85 |
Class I ($136,363,067 ÷ 13,266,027 shares) | $10.28 |
Class R2 ($52,261 ÷ 5,087 shares) | $10.27 |
Class R6 ($82,459 ÷ 7,929 shares) | $10.40 |
Class NAV ($230,378,653 ÷ 22,091,875 shares) | $10.43 |
Maximum offering price per share | |
Class A (net asset value per share ÷ 97%)2 | $10.24 |
1 | Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
2 | On single retail sales of less than $100,000. On sales of $100,000 or more and on group sales the offering price is reduced. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK ABSOLUTE RETURN CURRENCY FUND | 11 |
Investment income | |
Interest | $156,733 |
Expenses | |
Investment management fees | 1,682,939 |
Distribution and service fees | 21,109 |
Accounting and legal services fees | 46,123 |
Transfer agent fees | 84,134 |
Trustees' fees | 4,343 |
Custodian fees | 87,372 |
State registration fees | 42,278 |
Printing and postage | 22,631 |
Professional fees | 91,040 |
Other | 25,434 |
Total expenses | 2,107,403 |
Less expense reductions | (63,066) |
Net expenses | 2,044,337 |
Net investment loss | (1,887,604) |
Realized and unrealized gain (loss) | |
Net realized gain (loss) on | |
Forward foreign currency contracts | 9,394,552 |
9,394,552 | |
Change in net unrealized appreciation (depreciation) of | |
Unaffiliated investments | (1,791) |
Forward foreign currency contracts | (17,881,487) |
(17,883,278) | |
Net realized and unrealized loss | (8,488,726) |
Decrease in net assets from operations | $(10,376,330) |
12 | JOHN HANCOCK ABSOLUTE RETURN CURRENCY FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Six months ended 1-31-21 (unaudited) | Year ended 7-31-20 | |
Increase (decrease) in net assets | ||
From operations | ||
Net investment income (loss) | $(1,887,604) | $2,991,207 |
Net realized gain | 9,394,552 | 67,489,761 |
Change in net unrealized appreciation (depreciation) | (17,883,278) | 12,536,982 |
Increase (decrease) in net assets resulting from operations | (10,376,330) | 83,017,950 |
Distributions to shareholders | ||
From earnings | ||
Class A | — | (333,453) |
Class C | — | (6,228) |
Class I | — | (5,217,249) |
Class R2 | — | (1,228) |
Class R6 | — | (23,976) |
Class NAV | — | (10,496,686) |
Total distributions | — | (16,078,820) |
From fund share transactions | 44,205,665 | (761,936,359) |
Total increase (decrease) | 33,829,335 | (694,997,229) |
Net assets | ||
Beginning of period | 345,000,699 | 1,039,997,928 |
End of period | $378,830,034 | $345,000,699 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK ABSOLUTE RETURN CURRENCY FUND | 13 |
CLASS A SHARES Period ended | 1-31-211 | 7-31-20 | 7-31-19 | 7-31-18 | 7-31-17 | 7-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $10.25 | $8.77 | $8.59 | $9.54 | $9.11 | $8.23 |
Net investment income (loss)2 | (0.07) | —3 | 0.08 | 0.01 | (0.08) | (0.10) |
Net realized and unrealized gain (loss) on investments | (0.25) | 1.72 | 0.13 | (0.96) | 0.51 | 0.98 |
Total from investment operations | (0.32) | 1.72 | 0.21 | (0.95) | 0.43 | 0.88 |
Less distributions | ||||||
From net investment income | — | (0.24) | (0.03) | — | — | — |
Net asset value, end of period | $9.93 | $10.25 | $8.77 | $8.59 | $9.54 | $9.11 |
Total return (%)4,5 | (3.03)6 | 20.03 | 2.43 | (10.05) | 4.83 | 10.56 |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $11 | $12 | $13 | $17 | $22 | $21 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 1.537 | 1.43 | 1.35 | 1.33 | 1.35 | 1.37 |
Expenses including reductions | 1.497 | 1.43 | 1.35 | 1.32 | 1.34 | 1.36 |
Net investment income (loss) | (1.41)7 | (0.04) | 0.92 | 0.06 | (0.83) | (1.13) |
Portfolio turnover (%)8 | 0 | 0 | 0 | 0 | 0 | 0 |
1 | Six months ended 1-31-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Less than $0.005 per share. |
4 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
5 | Does not reflect the effect of sales charges, if any. |
6 | Not annualized. |
7 | Annualized. |
8 | The calculation of portfolio turnover excludes amounts from securities whose maturities or expiration dates at the time of acquisition were one year or less, which represents a significant amount of the investments held by the fund. As a result, the portfolio turnover is 0%. |
14 | JOHN HANCOCK ABSOLUTE RETURN CURRENCY FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS C SHARES Period ended | 1-31-211 | 7-31-20 | 7-31-19 | 7-31-18 | 7-31-17 | 7-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $10.20 | $8.73 | $8.58 | $9.60 | $9.23 | $8.40 |
Net investment income (loss)2 | (0.11) | (0.08) | 0.02 | (0.06) | (0.15) | (0.16) |
Net realized and unrealized gain (loss) on investments | (0.24) | 1.73 | 0.13 | (0.96) | 0.52 | 0.99 |
Total from investment operations | (0.35) | 1.65 | 0.15 | (1.02) | 0.37 | 0.83 |
Less distributions | ||||||
From net investment income | — | (0.18) | — | — | — | — |
Net asset value, end of period | $9.85 | $10.20 | $8.73 | $8.58 | $9.60 | $9.23 |
Total return (%)3,4 | (3.43)5 | 19.24 | 1.75 | (10.62) | 4.01 | 9.88 |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $1 | $1 | $—6 | $1 | $1 | $1 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 2.237 | 2.13 | 2.05 | 2.03 | 2.05 | 2.07 |
Expenses including reductions | 2.197 | 2.13 | 2.05 | 2.02 | 2.04 | 2.06 |
Net investment income (loss) | (2.11)7 | (0.89) | 0.21 | (0.67) | (1.52) | (1.81) |
Portfolio turnover (%)8 | 0 | 0 | 0 | 0 | 0 | 0 |
1 | Six months ended 1-31-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Does not reflect the effect of sales charges, if any. |
5 | Not annualized. |
6 | Less than $500,000. |
7 | Annualized. |
8 | The calculation of portfolio turnover excludes amounts from securities whose maturities or expiration dates at the time of acquisition were one year or less, which represents a significant amount of the investments held by the fund. As a result, the portfolio turnover is 0%. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK ABSOLUTE RETURN CURRENCY FUND | 15 |
CLASS I SHARES Period ended | 1-31-211 | 7-31-20 | 7-31-19 | 7-31-18 | 7-31-17 | 7-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $10.59 | $9.05 | $8.87 | $9.82 | $9.35 | $8.42 |
Net investment income (loss)2 | (0.06) | 0.05 | 0.11 | 0.04 | (0.05) | (0.07) |
Net realized and unrealized gain (loss) on investments | (0.25) | 1.76 | 0.13 | (0.99) | 0.52 | 1.00 |
Total from investment operations | (0.31) | 1.81 | 0.24 | (0.95) | 0.47 | 0.93 |
Less distributions | ||||||
From net investment income | — | (0.27) | (0.06) | — | — | — |
Net asset value, end of period | $10.28 | $10.59 | $9.05 | $8.87 | $9.82 | $9.35 |
Total return (%)3 | (2.93)4 | 20.56 | 2.67 | (9.77) | 5.13 | 11.05 |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $136 | $125 | $624 | $720 | $397 | $210 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 1.235 | 1.13 | 1.07 | 1.04 | 1.04 | 1.05 |
Expenses including reductions | 1.195 | 1.12 | 1.06 | 1.03 | 1.03 | 1.04 |
Net investment income (loss) | (1.11)5 | 0.56 | 1.21 | 0.42 | (0.49) | (0.82) |
Portfolio turnover (%)6 | 0 | 0 | 0 | 0 | 0 | 0 |
1 | Six months ended 1-31-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
6 | The calculation of portfolio turnover excludes amounts from securities whose maturities or expiration dates at the time of acquisition were one year or less, which represents a significant amount of the investments held by the fund. As a result, the portfolio turnover is 0%. |
16 | JOHN HANCOCK ABSOLUTE RETURN CURRENCY FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS R2 SHARES Period ended | 1-31-211 | 7-31-20 | 7-31-19 | 7-31-18 | 7-31-17 | 7-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $10.59 | $9.05 | $8.86 | $9.83 | $9.38 | $8.46 |
Net investment income (loss)2 | (0.07) | 0.01 | 0.09 | 0.01 | (0.07) | (0.09) |
Net realized and unrealized gain (loss) on investments | (0.25) | 1.77 | 0.14 | (0.98) | 0.52 | 1.01 |
Total from investment operations | (0.32) | 1.78 | 0.23 | (0.97) | 0.45 | 0.92 |
Less distributions | ||||||
From net investment income | — | (0.24) | (0.04) | — | — | — |
Net asset value, end of period | $10.27 | $10.59 | $9.05 | $8.86 | $9.83 | $9.38 |
Total return (%)3 | (3.02)4 | 20.23 | 2.53 | (9.96) | 4.90 | 10.87 |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $—5 | $—5 | $—5 | $—5 | $—5 | $—5 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 1.376 | 1.30 | 1.32 | 1.27 | 1.20 | 1.23 |
Expenses including reductions | 1.346 | 1.30 | 1.31 | 1.26 | 1.20 | 1.22 |
Net investment income (loss) | (1.25)6 | 0.11 | 0.98 | 0.07 | (0.68) | (0.98) |
Portfolio turnover (%)7 | 0 | 0 | 0 | 0 | 0 | 0 |
1 | Six months ended 1-31-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Less than $500,000. |
6 | Annualized. |
7 | The calculation of portfolio turnover excludes amounts from securities whose maturities or expiration dates at the time of acquisition were one year or less, which represents a significant amount of the investments held by the fund. As a result, the portfolio turnover is 0%. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK ABSOLUTE RETURN CURRENCY FUND | 17 |
CLASS R6 SHARES Period ended | 1-31-211 | 7-31-20 | 7-31-19 | 7-31-18 | 7-31-17 | 7-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $10.71 | $9.15 | $8.96 | $9.91 | $9.42 | $8.48 |
Net investment income (loss)2 | (0.05) | 0.07 | 0.10 | 0.05 | (0.03) | (0.06) |
Net realized and unrealized gain (loss) on investments | (0.26) | 1.77 | 0.16 | (1.00) | 0.52 | 1.00 |
Total from investment operations | (0.31) | 1.84 | 0.26 | (0.95) | 0.49 | 0.94 |
Less distributions | ||||||
From net investment income | — | (0.28) | (0.07) | — | — | — |
Net asset value, end of period | $10.40 | $10.71 | $9.15 | $8.96 | $9.91 | $9.42 |
Total return (%)3 | (2.80)4 | 20.58 | 2.87 | (9.59) | 5.20 | 11.08 |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $—5 | $—5 | $1 | $119 | $137 | $38 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 1.126 | 1.02 | 0.95 | 0.94 | 0.95 | 0.96 |
Expenses including reductions | 1.096 | 1.01 | 0.95 | 0.92 | 0.92 | 0.93 |
Net investment income (loss) | (1.00)6 | 0.71 | 1.06 | 0.48 | (0.32) | (0.71) |
Portfolio turnover (%)7 | 0 | 0 | 0 | 0 | 0 | 0 |
1 | Six months ended 1-31-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Less than $500,000. |
6 | Annualized. |
7 | The calculation of portfolio turnover excludes amounts from securities whose maturities or expiration dates at the time of acquisition were one year or less, which represents a significant amount of the investments held by the fund. As a result, the portfolio turnover is 0%. |
18 | JOHN HANCOCK ABSOLUTE RETURN CURRENCY FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS NAV SHARES Period ended | 1-31-211 | 7-31-20 | 7-31-19 | 7-31-18 | 7-31-17 | 7-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $10.74 | $9.18 | $8.99 | $9.94 | $9.45 | $8.50 |
Net investment income (loss)2 | (0.05) | 0.04 | 0.12 | 0.04 | (0.04) | (0.06) |
Net realized and unrealized gain (loss) on investments | (0.26) | 1.80 | 0.14 | (0.99) | 0.53 | 1.01 |
Total from investment operations | (0.31) | 1.84 | 0.26 | (0.95) | 0.49 | 0.95 |
Less distributions | ||||||
From net investment income | — | (0.28) | (0.07) | — | — | — |
Net asset value, end of period | $10.43 | $10.74 | $9.18 | $8.99 | $9.94 | $9.45 |
Total return (%)3 | (2.80)4 | 20.52 | 2.85 | (9.56) | 5.19 | 11.05 |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $230 | $207 | $401 | $620 | $860 | $779 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 1.115 | 1.01 | 0.94 | 0.92 | 0.93 | 0.94 |
Expenses including reductions | 1.085 | 1.00 | 0.93 | 0.92 | 0.92 | 0.93 |
Net investment income (loss) | (0.99)5 | 0.47 | 1.33 | 0.47 | (0.41) | (0.71) |
Portfolio turnover (%)6 | 0 | 0 | 0 | 0 | 0 | 0 |
1 | Six months ended 1-31-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
6 | The calculation of portfolio turnover excludes amounts from securities whose maturities or expiration dates at the time of acquisition were one year or less, which represents a significant amount of the investments held by the fund. As a result, the portfolio turnover is 0%. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK ABSOLUTE RETURN CURRENCY FUND | 19 |
20 | JOHN HANCOCK Absolute Return Currency Fund | SEMIANNUAL REPORT |
Total value at 1-31-21 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
Short-term investments | $381,146,865 | $36,181,958 | $344,964,907 | — |
Total investments in securities | $381,146,865 | $36,181,958 | $344,964,907 | — |
Derivatives: | ||||
Assets | ||||
Forward foreign currency contracts | $14,695,972 | — | $14,695,972 | — |
Liabilities | ||||
Forward foreign currency contracts | (18,471,549) | — | (18,471,549) | — |
SEMIANNUAL REPORT | JOHN HANCOCK Absolute Return Currency Fund | 21 |
22 | JOHN HANCOCK Absolute Return Currency Fund | SEMIANNUAL REPORT |
Risk | Statement of assets and liabilities location | Financial instruments location | Assets derivatives fair value | Liabilities derivatives fair value |
Currency | Unrealized appreciation (depreciation) on forward foreign currency contracts | Forward foreign currency contracts | $14,695,972 | $(18,471,549) |
SEMIANNUAL REPORT | JOHN HANCOCK Absolute Return Currency Fund | 23 |
OTC Financial Instruments | Asset | Liability |
Forward foreign currency contracts | $14,695,972 | $(18,471,549) |
Totals | $14,695,972 | $(18,471,549) |
Counterparty | Total Market Value of OTC Derivatives | Collateral Posted by Counterparty1 | Collateral Posted by Fund1 | Net Exposure |
Citibank, N.A. | ($1,482,168) | — | $1,482,168 | — |
Deutsche Bank AG | (1,481,272) | — | 1,481,272 | — |
Morgan Stanley Capital Services | (812,137) | — | 812,137 | — |
Totals | ($3,775,577) | — | $3,775,577 | — |
1 Reflects collateral posted by the counterparty or posted by the fund, excluding any excess collateral amounts. |
Statement of operations location - Net realized gain (loss) on: | |
Risk | Forward foreign currency contracts |
Currency | $9,394,552 |
Statement of operations location - Change in net unrealized appreciation (depreciation) of: | |
Risk | Forward foreign currency contracts |
Currency | $(17,881,487) |
24 | JOHN HANCOCK Absolute Return Currency Fund | SEMIANNUAL REPORT |
Class | Expense reduction |
Class A | $2,196 |
Class C | 100 |
Class I | 23,562 |
Class R2 | 10 |
Class | Expense reduction |
Class R6 | $19 |
Class NAV | 37,179 |
Total | $63,066 |
SEMIANNUAL REPORT | JOHN HANCOCK Absolute Return Currency Fund | 25 |
Class | Rule 12b-1 Fee | Service fee |
Class A | 0.30% | — |
Class C | 1.00% | — |
Class R2 | 0.25% | 0.25% |
Class | Distribution and service fees | Transfer agent fees |
Class A | $18,248 | $7,069 |
Class C | 2,794 | 325 |
Class I | — | 76,731 |
Class R2 | 67 | 3 |
Class R6 | — | 6 |
Total | $21,109 | $84,134 |
26 | JOHN HANCOCK Absolute Return Currency Fund | SEMIANNUAL REPORT |
Borrower or Lender | Weighted Average Loan Balance | Days Outstanding | Weighted Average Interest Rate | Interest Income (Expense) |
Lender | $6,583,892 | 2 | 0.670% | $245 |
Six Months Ended 1-31-21 | Year Ended 7-31-20 | |||
Shares | Amount | Shares | Amount | |
Class A shares | ||||
Sold | 229,213 | $2,314,075 | 548,237 | $5,276,020 |
Distributions reinvested | — | — | 39,054 | 332,737 |
Repurchased | (276,622) | (2,781,414) | (864,254) | (7,620,599) |
Net decrease | (47,409) | $(467,339) | (276,963) | $(2,011,842) |
Class C shares | ||||
Sold | 4,781 | $48,416 | 49,134 | $473,703 |
Distributions reinvested | — | — | 731 | 6,228 |
Repurchased | (12,251) | (122,903) | (39,255) | (362,330) |
Net increase (decrease) | (7,470) | $(74,487) | 10,610 | $117,601 |
Class I shares | ||||
Sold | 3,802,944 | $39,566,558 | 8,461,840 | $80,899,132 |
Distributions reinvested | — | — | 223,777 | 1,966,999 |
Repurchased | (2,376,559) | (24,733,863) | (65,801,040) | (598,768,643) |
Net increase (decrease) | 1,426,385 | $14,832,695 | (57,115,423) | $(515,902,512) |
Class R2 shares | ||||
Sold | — | — | 66 | $600 |
Repurchased | — | — | (5,072) | (45,088) |
Net decrease | — | — | (5,006) | $(44,488) |
Class R4 shares1 | ||||
Repurchased | — | — | (5,071) | $(45,808) |
Net decrease | — | — | (5,071) | $(45,808) |
SEMIANNUAL REPORT | JOHN HANCOCK Absolute Return Currency Fund | 27 |
Six Months Ended 1-31-21 | Year Ended 7-31-20 | |||
Shares | Amount | Shares | Amount | |
Class R6 shares | ||||
Sold | 138 | $1,470 | 1,743 | $15,582 |
Distributions reinvested | — | — | 2,703 | 23,976 |
Repurchased | (6,098) | (64,555) | (109,751) | (993,367) |
Net decrease | (5,960) | $(63,085) | (105,305) | $(953,809) |
Class NAV shares | ||||
Sold | 3,412,905 | $35,869,688 | 1,712,200 | $16,951,428 |
Distributions reinvested | — | — | 1,179,403 | 10,496,686 |
Repurchased | (557,462) | (5,891,807) | (27,365,290) | (270,543,615) |
Net increase (decrease) | 2,855,443 | $29,977,881 | (24,473,687) | $(243,095,501) |
Total net increase (decrease) | 4,220,989 | $44,205,665 | (81,970,845) | $(761,936,359) |
1 | Class R4 shares were fully redeemed on 10-29-19. |
Fund | Affiliated Concentration |
John Hancock Funds II Multimanager Lifestyle Growth Portfolio | 14.3% |
John Hancock Funds II Multimanager Lifestyle Balanced Portfolio | 13.6% |
John Hancock Funds II Multimanager Lifestyle Conservative Portfolio | 6.6% |
John Hancock Funds II Alternative Asset Allocation Fund | 6.5% |
John Hancock Funds II Multimanager Lifestyle Moderate Portfolio | 6.2% |
28 | JOHN HANCOCK Absolute Return Currency Fund | SEMIANNUAL REPORT |
Steven R. Pruchansky, Vice Chairperson
Andrew G. Arnott†
Charles L. Bardelis*
James R. Boyle
Peter S. Burgess
*William H. Cunningham
Grace K. Fey
Marianne Harrison†
Deborah C. Jackson
James M. Oates*
Frances G. Rathke*,1
Gregory A. Russo
President
Chief Financial Officer
Treasurer
Secretary and Chief Legal Officer
Chief Compliance Officer
Dori S. Levanoni
You can also contact us: | ||
800-225-5291 | Regular mail: | Express mail: |
jhinvestments.com | John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 | John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
SEMIANNUAL REPORT | JOHN HANCOCK ABSOLUTE RETURN CURRENCY FUND | 29 |
Communications ETF
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pursue their financial goals is at the core of everything we do. It’s why
we support the role of professional financial advice and operate with
the highest standards of conduct and integrity.
We search the world to find proven portfolio teams with specialized
expertise for every strategy we offer, then we apply robust investment
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standards and serve the best interests of our shareholders.
a diverse set of investments backed by some of the world’s best
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President and CEO,
John Hancock Investment Management
Head of Wealth and Asset Management,
United States and Europe
SEMIANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL ALL CAP CORE FUND | 1 |
2 | JOHN HANCOCK FUNDAMENTAL ALL CAP CORE FUND | SEMIANNUAL REPORT |
TOP 10 HOLDINGS AS OF 1/31/2021 (% of net assets) | |
Amazon.com, Inc. | 7.6 |
Alphabet, Inc., Class A | 5.3 |
Facebook, Inc., Class A | 4.7 |
Lennar Corp., A Shares | 4.6 |
Apple, Inc. | 4.1 |
Morgan Stanley | 3.8 |
Post Holdings, Inc. | 3.3 |
First Hawaiian, Inc. | 3.1 |
Bank of America Corp. | 3.0 |
Liberty Media Corp.-Liberty Formula One, Series C | 2.8 |
TOTAL | 42.3 |
Cash and cash equivalents are not included. |
SEMIANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL ALL CAP CORE FUND | 3 |
Average annual total returns (%) with maximum sales charge | Cumulative total returns (%) with maximum sales charge | ||||||
1-year | 5-year | Since inception (6-1-11) | 6-month | 5-year | Since inception (6-1-11) | ||
Class A | 20.44 | 16.50 | 13.19 | 12.61 | 114.57 | 231.38 | |
Class C1 | 24.96 | 16.88 | 13.26 | 17.14 | 118.09 | 233.42 | |
Class I2 | 27.21 | 18.04 | 14.19 | 18.72 | 129.18 | 260.83 | |
Class R21,2 | 26.74 | 17.69 | 13.81 | 18.47 | 125.80 | 249.32 | |
Class R41,2 | 27.15 | 17.96 | 13.95 | 18.68 | 128.38 | 253.70 | |
Class R61,2 | 27.34 | 18.17 | 14.08 | 18.80 | 130.46 | 257.46 | |
Index† | 20.48 | 16.68 | 13.30 | 17.98 | 116.24 | 234.68 |
Class A | Class C | Class I | Class R2 | Class R4 | Class R6 | |
Gross (%) | 1.40 | 2.10 | 1.10 | 1.49 | 1.34 | 0.99 |
Net (%) | 1.27 | 1.97 | 0.97 | 1.35 | 1.10 | 0.85 |
4 | JOHN HANCOCK FUNDAMENTAL ALL CAP CORE FUND | SEMIANNUAL REPORT |
Start date | With maximum sales charge ($) | Without sales charge ($) | Index ($) | |
Class C1,3 | 6-1-11 | 33,342 | 33,342 | 33,468 |
Class I2 | 6-1-11 | 36,083 | 36,083 | 33,468 |
Class R21,2 | 6-1-11 | 34,932 | 34,932 | 33,468 |
Class R41,2 | 6-1-11 | 35,370 | 35,370 | 33,468 |
Class R61,2 | 6-1-11 | 35,746 | 35,746 | 33,468 |
1 | Class C shares were first offered on 6-27-14; Class R2, Class R4, and Class R6 shares were first offered on 3-27-15. Returns prior to these dates are those of Class A shares (first offered on 6-1-11) that have not been adjusted for class-specific expenses; otherwise, returns would vary. |
2 | For certain types of investors, as described in the fund's prospectus. |
3 | The contingent deferred sales charge is not applicable. |
SEMIANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL ALL CAP CORE FUND | 5 |
6 | JOHN HANCOCK FUNDAMENTAL ALL CAP CORE FUND | SEMIANNUAL REPORT |
Account value on 8-1-2020 | Ending value on 1-31-2021 | Expenses paid during period ended 1-31-20211 | Annualized expense ratio | ||
Class A | Actual expenses/actual returns | $1,000.00 | $1,185.30 | $6.94 | 1.26% |
Hypothetical example | 1,000.00 | 1,018.90 | 6.41 | 1.26% | |
Class C | Actual expenses/actual returns | 1,000.00 | 1,181.40 | 10.78 | 1.96% |
Hypothetical example | 1,000.00 | 1,015.30 | 9.96 | 1.96% | |
Class I | Actual expenses/actual returns | 1,000.00 | 1,187.20 | 5.29 | 0.96% |
Hypothetical example | 1,000.00 | 1,020.40 | 4.89 | 0.96% | |
Class R2 | Actual expenses/actual returns | 1,000.00 | 1,184.70 | 7.43 | 1.35% |
Hypothetical example | 1,000.00 | 1,018.40 | 6.87 | 1.35% | |
Class R4 | Actual expenses/actual returns | 1,000.00 | 1,186.80 | 5.51 | 1.00% |
Hypothetical example | 1,000.00 | 1,020.20 | 5.09 | 1.00% | |
Class R6 | Actual expenses/actual returns | 1,000.00 | 1,188.00 | 4.69 | 0.85% |
Hypothetical example | 1,000.00 | 1,020.90 | 4.33 | 0.85% |
1 | Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half year period). |
SEMIANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL ALL CAP CORE FUND | 7 |
Shares | Value | ||||
Common stocks 97.8% | $97,807,020 | ||||
(Cost $57,984,156) | |||||
Communication services 16.3% | 16,279,679 | ||||
Entertainment 3.3% | |||||
Liberty Media Corp.-Liberty Formula One, Series C (A) | 70,134 | 2,821,491 | |||
Madison Square Garden Entertainment Corp. (A) | 5,334 | 473,393 | |||
Interactive media and services 12.3% | |||||
Alphabet, Inc., Class A (A) | 2,888 | 5,277,416 | |||
CarGurus, Inc. (A) | 77,731 | 2,273,632 | |||
Facebook, Inc., Class A (A) | 18,330 | 4,735,189 | |||
Media 0.7% | |||||
Liberty Broadband Corp., Series A (A) | 4,812 | 698,558 | |||
Consumer discretionary 19.6% | 19,628,728 | ||||
Household durables 5.6% | |||||
Lennar Corp., A Shares | 55,804 | 4,640,103 | |||
NVR, Inc. (A) | 229 | 1,018,244 | |||
Internet and direct marketing retail 7.6% | |||||
Amazon.com, Inc. (A) | 2,366 | 7,585,868 | |||
Leisure products 2.1% | |||||
Polaris, Inc. | 17,760 | 2,072,059 | |||
Specialty retail 3.2% | |||||
Dufry AG (A) | 24,014 | 1,291,129 | |||
Group 1 Automotive, Inc. | 13,935 | 1,917,735 | |||
Textiles, apparel and luxury goods 1.1% | |||||
Salvatore Ferragamo SpA (A) | 56,738 | 1,103,590 | |||
Consumer staples 8.4% | 8,413,219 | ||||
Beverages 2.8% | |||||
Anheuser-Busch InBev SA/NV, ADR | 18,345 | 1,150,048 | |||
Diageo PLC, ADR | 5,083 | 814,652 | |||
Heineken NV | 8,442 | 880,669 | |||
Food and staples retailing 0.6% | |||||
US Foods Holding Corp. (A) | 17,730 | 549,453 | |||
Food products 5.0% | |||||
Post Holdings, Inc. (A) | 34,938 | 3,313,869 | |||
The Hain Celestial Group, Inc. (A) | 40,989 | 1,704,528 | |||
Energy 4.9% | 4,941,142 | ||||
Energy equipment and services 0.9% | |||||
Baker Hughes Company | 47,149 | 947,223 |
8 | JOHN HANCOCK FUNDAMENTAL ALL CAP CORE FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Energy (continued) | |||||
Oil, gas and consumable fuels 4.0% | |||||
Cheniere Energy, Inc. (A) | 38,157 | $2,416,483 | |||
Suncor Energy, Inc. | 22,865 | 382,531 | |||
Valero Energy Corp. | 21,175 | 1,194,905 | |||
Financials 15.4% | 15,385,186 | ||||
Banks 6.1% | |||||
Bank of America Corp. | 100,930 | 2,992,575 | |||
First Hawaiian, Inc. | 133,227 | 3,097,528 | |||
Capital markets 7.2% | |||||
KKR & Company, Inc. | 36,757 | 1,431,685 | |||
Morgan Stanley | 56,738 | 3,804,283 | |||
The Goldman Sachs Group, Inc. | 7,357 | 1,994,998 | |||
Consumer finance 2.1% | |||||
American Express Company | 11,932 | 1,387,214 | |||
Synchrony Financial | 20,116 | 676,903 | |||
Health care 5.9% | 5,889,859 | ||||
Biotechnology 2.4% | |||||
Alnylam Pharmaceuticals, Inc. (A) | 6,955 | 1,046,588 | |||
Moderna, Inc. (A) | 7,621 | 1,319,652 | |||
Health care equipment and supplies 1.7% | |||||
Hologic, Inc. (A) | 21,348 | 1,702,076 | |||
Health care providers and services 1.0% | |||||
Anthem, Inc. | 3,411 | 1,012,999 | |||
Health care technology 0.8% | |||||
Change Healthcare, Inc. (A) | 33,887 | 808,544 | |||
Industrials 8.9% | 8,906,769 | ||||
Electrical equipment 1.9% | |||||
Regal Beloit Corp. | 8,156 | 1,023,415 | |||
Sensata Technologies Holding PLC (A) | 15,801 | 861,155 | |||
Industrial conglomerates 1.9% | |||||
Roper Technologies, Inc. | 4,797 | 1,884,789 | |||
Machinery 1.5% | |||||
Parker-Hannifin Corp. | 5,698 | 1,507,748 | |||
Professional services 2.1% | |||||
IHS Markit, Ltd. | 24,525 | 2,135,637 | |||
Trading companies and distributors 1.5% | |||||
United Rentals, Inc. (A) | 6,148 | 1,494,025 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL ALL CAP CORE FUND | 9 |
Shares | Value | ||||
Information technology 14.7% | $14,650,025 | ||||
Semiconductors and semiconductor equipment 2.7% | |||||
Analog Devices, Inc. | 4,302 | 633,814 | |||
NVIDIA Corp. | 3,962 | 2,058,616 | |||
Software 6.5% | |||||
Microsoft Corp. | 8,021 | 1,860,551 | |||
salesforce.com, Inc. (A) | 10,118 | 2,282,216 | |||
Workday, Inc., Class A (A) | 10,381 | 2,361,989 | |||
Technology hardware, storage and peripherals 5.5% | |||||
Apple, Inc. | 30,588 | 4,036,392 | |||
Samsung Electronics Company, Ltd. | 19,375 | 1,416,447 | |||
Real estate 3.7% | 3,712,413 | ||||
Equity real estate investment trusts 3.1% | |||||
American Tower Corp. | 9,602 | 2,183,111 | |||
Crown Castle International Corp. | 6,072 | 967,027 | |||
Real estate management and development 0.6% | |||||
Five Point Holdings LLC, Class A (A) | 89,250 | 562,275 | |||
Yield (%) | Shares | Value | |||
Short-term investments 2.4% | $2,405,107 | ||||
(Cost $2,405,107) | |||||
Short-term funds 2.4% | 2,405,107 | ||||
State Street Institutional U.S. Government Money Market Fund, Premier Class | 0.0300(B) | 2,405,107 | 2,405,107 |
Total investments (Cost $60,389,263) 100.2% | $100,212,127 | ||||
Other assets and liabilities, net (0.2%) | (163,479) | ||||
Total net assets 100.0% | $100,048,648 |
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 | |
ADR | American Depositary Receipt |
(A) | Non-income producing security. |
(B) | The rate shown is the annualized seven-day yield as of 1-31-21. |
10 | JOHN HANCOCK FUNDAMENTAL ALL CAP CORE FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Assets | |
Unaffiliated investments, at value (Cost $60,389,263) | $100,212,127 |
Dividends and interest receivable | 85,857 |
Receivable for fund shares sold | 139,982 |
Receivable from affiliates | 521 |
Other assets | 33,612 |
Total assets | 100,472,099 |
Liabilities | |
Payable for fund shares repurchased | 326,439 |
Payable to affiliates | |
Accounting and legal services fees | 6,159 |
Transfer agent fees | 8,665 |
Distribution and service fees | 16 |
Trustees' fees | 131 |
Other liabilities and accrued expenses | 82,041 |
Total liabilities | 423,451 |
Net assets | $100,048,648 |
Net assets consist of | |
Paid-in capital | $57,335,877 |
Total distributable earnings (loss) | 42,712,771 |
Net assets | $100,048,648 |
Net asset value per share | |
Based on net asset value and shares outstanding - the fund has an unlimited number of shares authorized with no par value | |
Class A ($58,974,259 ÷ 2,386,389 shares)1 | $24.71 |
Class C ($5,793,287 ÷ 245,423 shares)1 | $23.61 |
Class I ($19,790,941 ÷ 785,286 shares) | $25.20 |
Class R2 ($65,963 ÷ 2,654 shares) | $24.85 |
Class R4 ($66,272 ÷ 2,639 shares) | $25.11 |
Class R6 ($15,357,926 ÷ 607,346 shares) | $25.29 |
Maximum offering price per share | |
Class A (net asset value per share ÷ 95%)2 | $26.01 |
1 | Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
2 | On single retail sales of less than $50,000. On sales of $50,000 or more and on group sales the offering price is reduced. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL ALL CAP CORE FUND | 11 |
Investment income | |
Dividends | $455,755 |
Interest | 317 |
Less foreign taxes withheld | (10,417) |
Total investment income | 445,655 |
Expenses | |
Investment management fees | 333,835 |
Distribution and service fees | 115,485 |
Accounting and legal services fees | 8,323 |
Transfer agent fees | 48,286 |
Trustees' fees | 911 |
Custodian fees | 13,334 |
State registration fees | 48,753 |
Printing and postage | 19,404 |
Professional fees | 31,643 |
Other | 11,038 |
Total expenses | 631,012 |
Less expense reductions | (51,565) |
Net expenses | 579,447 |
Net investment loss | (133,792) |
Realized and unrealized gain (loss) | |
Net realized gain (loss) on | |
Unaffiliated investments and foreign currency transactions | 4,561,444 |
4,561,444 | |
Change in net unrealized appreciation (depreciation) of | |
Unaffiliated investments and translation of assets and liabilities in foreign currencies | 12,238,931 |
12,238,931 | |
Net realized and unrealized gain | 16,800,375 |
Increase in net assets from operations | $16,666,583 |
12 | JOHN HANCOCK FUNDAMENTAL ALL CAP CORE FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Six months ended 1-31-21 (unaudited) | Year ended 7-31-20 | |
Increase (decrease) in net assets | ||
From operations | ||
Net investment loss | $(133,792) | $(24,437) |
Net realized gain | 4,561,444 | 2,738,913 |
Change in net unrealized appreciation (depreciation) | 12,238,931 | 10,009,651 |
Increase in net assets resulting from operations | 16,666,583 | 12,724,127 |
Distributions to shareholders | ||
From earnings | ||
Class A | (1,750,157) | (362) |
Class C | (189,770) | — |
Class I | (565,703) | (31,930) |
Class R2 | (2,791) | — |
Class R4 | (1,949) | (57) |
Class R6 | (549,070) | (33,272) |
Total distributions | (3,059,440) | (65,621) |
From fund share transactions | (6,290,244) | (8,842,966) |
Total increase | 7,316,899 | 3,815,540 |
Net assets | ||
Beginning of period | 92,731,749 | 88,916,209 |
End of period | $100,048,648 | $92,731,749 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL ALL CAP CORE FUND | 13 |
CLASS A SHARES Period ended | 1-31-211 | 7-31-20 | 7-31-19 | 7-31-18 | 7-31-17 | 7-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $21.48 | $18.51 | $19.84 | $17.95 | $14.97 | $16.16 |
Net investment income (loss)2 | (0.04) | (0.02) | —3 | (0.05) | 0.03 | —3 |
Net realized and unrealized gain (loss) on investments | 4.01 | 2.99 | 0.12 | 3.08 | 2.97 | (0.40) |
Total from investment operations | 3.97 | 2.97 | 0.12 | 3.03 | 3.00 | (0.40) |
Less distributions | ||||||
From net investment income | — | —3 | — | — | (0.02) | — |
From net realized gain | (0.74) | — | (1.45) | (1.14) | — | (0.79) |
Total distributions | (0.74) | —3 | (1.45) | (1.14) | (0.02) | (0.79) |
Net asset value, end of period | $24.71 | $21.48 | $18.51 | $19.84 | $17.95 | $14.97 |
Total return (%)4,5 | 18.536 | 16.05 | 2.60 | 17.14 | 20.07 | (2.43) |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $59 | $53 | $49 | $49 | $38 | $30 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 1.367 | 1.40 | 1.36 | 1.33 | 1.35 | 1.28 |
Expenses including reductions | 1.267 | 1.27 | 1.28 | 1.28 | 1.26 | 1.27 |
Net investment income (loss) | (0.36)7 | (0.11) | 0.01 | (0.25) | 0.18 | (0.03) |
Portfolio turnover (%) | 16 | 22 | 21 | 23 | 52 | 40 |
1 | Six months ended 1-31-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Less than $0.005 per share. |
4 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
5 | Does not reflect the effect of sales charges, if any. |
6 | Not annualized. |
7 | Annualized. |
14 | JOHN HANCOCK FUNDAMENTAL ALL CAP CORE FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS C SHARES Period ended | 1-31-211 | 7-31-20 | 7-31-19 | 7-31-18 | 7-31-17 | 7-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $20.62 | $17.89 | $19.36 | $17.67 | $14.81 | $16.11 |
Net investment loss2 | (0.12) | (0.15) | (0.12) | (0.18) | (0.09) | (0.11) |
Net realized and unrealized gain (loss) on investments | 3.85 | 2.88 | 0.10 | 3.01 | 2.95 | (0.40) |
Total from investment operations | 3.73 | 2.73 | (0.02) | 2.83 | 2.86 | (0.51) |
Less distributions | ||||||
From net realized gain | (0.74) | — | (1.45) | (1.14) | — | (0.79) |
Net asset value, end of period | $23.61 | $20.62 | $17.89 | $19.36 | $17.67 | $14.81 |
Total return (%)3,4 | 18.145 | 15.26 | 1.90 | 16.25 | 19.31 | (3.14) |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $6 | $6 | $6 | $6 | $5 | $3 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 2.066 | 2.10 | 2.06 | 2.03 | 2.05 | 1.98 |
Expenses including reductions | 1.966 | 1.97 | 1.98 | 1.98 | 1.96 | 1.97 |
Net investment loss | (1.06)6 | (0.81) | (0.69) | (0.95) | (0.54) | (0.74) |
Portfolio turnover (%) | 16 | 22 | 21 | 23 | 52 | 40 |
1 | Six months ended 1-31-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Does not reflect the effect of sales charges, if any. |
5 | Not annualized. |
6 | Annualized. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL ALL CAP CORE FUND | 15 |
CLASS I SHARES Period ended | 1-31-211 | 7-31-20 | 7-31-19 | 7-31-18 | 7-31-17 | 7-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $21.86 | $18.82 | $20.08 | $18.13 | $15.12 | $16.27 |
Net investment income (loss)2 | (0.01) | 0.04 | 0.06 | 0.01 | 0.07 | 0.04 |
Net realized and unrealized gain (loss) on investments | 4.09 | 3.03 | 0.13 | 3.11 | 3.01 | (0.39) |
Total from investment operations | 4.08 | 3.07 | 0.19 | 3.12 | 3.08 | (0.35) |
Less distributions | ||||||
From net investment income | — | (0.03) | — | (0.03) | (0.07) | (0.01) |
From net realized gain | (0.74) | — | (1.45) | (1.14) | — | (0.79) |
Total distributions | (0.74) | (0.03) | (1.45) | (1.17) | (0.07) | (0.80) |
Net asset value, end of period | $25.20 | $21.86 | $18.82 | $20.08 | $18.13 | $15.12 |
Total return (%)3 | 18.724 | 16.34 | 2.94 | 17.50 | 20.40 | (2.08) |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $20 | $18 | $20 | $29 | $21 | $8 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 1.065 | 1.10 | 1.08 | 1.03 | 1.04 | 0.97 |
Expenses including reductions | 0.965 | 0.97 | 0.99 | 0.98 | 0.95 | 0.95 |
Net investment income (loss) | (0.05)5 | 0.19 | 0.31 | 0.03 | 0.42 | 0.27 |
Portfolio turnover (%) | 16 | 22 | 21 | 23 | 52 | 40 |
1 | Six months ended 1-31-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
16 | JOHN HANCOCK FUNDAMENTAL ALL CAP CORE FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS R2 SHARES Period ended | 1-31-211 | 7-31-20 | 7-31-19 | 7-31-18 | 7-31-17 | 7-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $21.61 | $18.64 | $19.98 | $18.09 | $15.09 | $16.26 |
Net investment income (loss)2 | (0.05) | (0.04) | — | (0.05) | 0.06 | 0.02 |
Net realized and unrealized gain (loss) on investments | 4.03 | 3.01 | 0.11 | 3.09 | 2.99 | (0.40) |
Total from investment operations | 3.98 | 2.97 | 0.11 | 3.04 | 3.05 | (0.38) |
Less distributions | ||||||
From net investment income | — | — | — | (0.01) | (0.05) | — |
From net realized gain | (0.74) | — | (1.45) | (1.14) | — | (0.79) |
Total distributions | (0.74) | — | (1.45) | (1.15) | (0.05) | (0.79) |
Net asset value, end of period | $24.85 | $21.61 | $18.64 | $19.98 | $18.09 | $15.09 |
Total return (%)3 | 18.474 | 15.93 | 2.53 | 17.09 | 20.25 | (2.28) |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $—5 | $—5 | $—5 | $—5 | $—5 | $—5 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 1.456 | 1.49 | 1.46 | 1.35 | 1.20 | 1.12 |
Expenses including reductions | 1.356 | 1.36 | 1.38 | 1.30 | 1.11 | 1.11 |
Net investment income (loss) | (0.44)6 | (0.21) | — | (0.28) | 0.35 | 0.13 |
Portfolio turnover (%) | 16 | 22 | 21 | 23 | 52 | 40 |
1 | Six months ended 1-31-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Less than $500,000. |
6 | Annualized. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL ALL CAP CORE FUND | 17 |
CLASS R4 SHARES Period ended | 1-31-211 | 7-31-20 | 7-31-19 | 7-31-18 | 7-31-17 | 7-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $21.79 | $18.75 | $20.03 | $18.11 | $15.10 | $16.27 |
Net investment income (loss)2 | (0.01) | 0.01 | 0.03 | (0.02) | 0.07 | 0.03 |
Net realized and unrealized gain (loss) on investments | 4.07 | 3.05 | 0.14 | 3.11 | 3.00 | (0.40) |
Total from investment operations | 4.06 | 3.06 | 0.17 | 3.09 | 3.07 | (0.37) |
Less distributions | ||||||
From net investment income | — | (0.02) | — | (0.03) | (0.06) | (0.01) |
From net realized gain | (0.74) | — | (1.45) | (1.14) | — | (0.79) |
Total distributions | (0.74) | (0.02) | (1.45) | (1.17) | (0.06) | (0.80) |
Net asset value, end of period | $25.11 | $21.79 | $18.75 | $20.03 | $18.11 | $15.10 |
Total return (%)3 | 18.684 | 16.32 | 2.84 | 17.31 | 20.42 | (2.24) |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $—5 | $—5 | $—5 | $1 | $—5 | $—5 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 1.216 | 1.24 | 1.31 | 1.27 | 1.19 | 1.12 |
Expenses including reductions | 1.006 | 1.00 | 1.13 | 1.12 | 1.01 | 1.01 |
Net investment income (loss) | (0.10)6 | 0.06 | 0.15 | (0.12) | 0.45 | 0.23 |
Portfolio turnover (%) | 16 | 22 | 21 | 23 | 52 | 40 |
1 | Six months ended 1-31-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Less than $500,000. |
6 | Annualized. |
18 | JOHN HANCOCK FUNDAMENTAL ALL CAP CORE FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS R6 SHARES Period ended | 1-31-211 | 7-31-20 | 7-31-19 | 7-31-18 | 7-31-17 | 7-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $21.92 | $18.86 | $20.10 | $18.14 | $15.12 | $16.28 |
Net investment income2 | 0.01 | 0.06 | 0.07 | 0.02 | 0.09 | 0.07 |
Net realized and unrealized gain (loss) on investments | 4.10 | 3.05 | 0.14 | 3.12 | 3.01 | (0.42) |
Total from investment operations | 4.11 | 3.11 | 0.21 | 3.14 | 3.10 | (0.35) |
Less distributions | ||||||
From net investment income | — | (0.05) | — | (0.04) | (0.08) | (0.02) |
From net realized gain | (0.74) | — | (1.45) | (1.14) | — | (0.79) |
Total distributions | (0.74) | (0.05) | (1.45) | (1.18) | (0.08) | (0.81) |
Net asset value, end of period | $25.29 | $21.92 | $18.86 | $20.10 | $18.14 | $15.12 |
Total return (%)3 | 18.804 | 16.49 | 3.04 | 17.62 | 20.59 | (2.10) |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $15 | $16 | $14 | $13 | $6 | $3 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 0.965 | 0.99 | 0.96 | 0.93 | 0.95 | 0.86 |
Expenses including reductions | 0.855 | 0.85 | 0.88 | 0.88 | 0.85 | 0.84 |
Net investment income | 0.055 | 0.30 | 0.39 | 0.13 | 0.52 | 0.49 |
Portfolio turnover (%) | 16 | 22 | 21 | 23 | 52 | 40 |
1 | Six months ended 1-31-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL ALL CAP CORE FUND | 19 |
20 | JOHN HANCOCK Fundamental All Cap Core Fund | SEMIANNUAL REPORT |
Total value at 1-31-21 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
Common stocks | ||||
Communication services | $16,279,679 | $16,279,679 | — | — |
Consumer discretionary | 19,628,728 | 17,234,009 | $2,394,719 | — |
Consumer staples | 8,413,219 | 7,532,550 | 880,669 | — |
Energy | 4,941,142 | 4,941,142 | — | — |
Financials | 15,385,186 | 15,385,186 | — | — |
Health care | 5,889,859 | 5,889,859 | — | — |
Industrials | 8,906,769 | 8,906,769 | — | — |
Information technology | 14,650,025 | 13,233,578 | 1,416,447 | — |
Real estate | 3,712,413 | 3,712,413 | — | — |
Short-term investments | 2,405,107 | 2,405,107 | — | — |
Total investments in securities | $100,212,127 | $95,520,292 | $4,691,835 | — |
SEMIANNUAL REPORT | JOHN HANCOCK Fundamental All Cap Core Fund | 21 |
22 | JOHN HANCOCK Fundamental All Cap Core Fund | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK Fundamental All Cap Core Fund | 23 |
Class | Expense reduction |
Class A | $29,488 |
Class C | 3,142 |
Class I | 9,780 |
Class R2 | 47 |
Class | Expense reduction |
Class R4 | $32 |
Class R6 | 9,045 |
Total | $51,534 |
Class | Rule 12b-1 Fee | Service fee |
Class A | 0.30% | — |
Class C | 1.00% | — |
Class R2 | 0.25% | 0.25% |
Class R4 | 0.25% | 0.10% |
24 | JOHN HANCOCK Fundamental All Cap Core Fund | SEMIANNUAL REPORT |
Class | Distribution and service fees | Transfer agent fees |
Class A | $85,089 | $32,920 |
Class C | 30,093 | 3,495 |
Class I | — | 10,924 |
Class R2 | 224 | 5 |
Class R4 | 79 | 3 |
Class R6 | — | 939 |
Total | $115,485 | $48,286 |
SEMIANNUAL REPORT | JOHN HANCOCK Fundamental All Cap Core Fund | 25 |
Six Months Ended 1-31-21 | Year Ended 7-31-20 | |||
Shares | Amount | Shares | Amount | |
Class A shares | ||||
Sold | 148,146 | $3,450,538 | 445,590 | $8,264,040 |
Distributions reinvested | 71,763 | 1,749,586 | 18 | 362 |
Repurchased | (286,642) | (6,705,871) | (642,906) | (11,796,901) |
Net decrease | (66,733) | $(1,505,747) | (197,298) | $(3,532,499) |
Class C shares | ||||
Sold | 10,197 | $229,021 | 54,091 | $977,637 |
Distributions reinvested | 8,141 | 189,770 | — | — |
Repurchased | (49,789) | (1,146,646) | (111,272) | (1,964,504) |
Net decrease | (31,451) | $(727,855) | (57,181) | $(986,867) |
Class I shares | ||||
Sold | 78,643 | $1,919,346 | 132,287 | $2,518,538 |
Distributions reinvested | 22,759 | 565,555 | 1,587 | 31,924 |
Repurchased | (139,720) | (3,295,273) | (374,103) | (6,851,225) |
Net decrease | (38,318) | $(810,372) | (240,229) | $(4,300,763) |
Class R2 shares | ||||
Sold | 195 | $4,540 | 1,604 | $29,078 |
Distributions reinvested | 85 | 2,077 | — | — |
Repurchased | (1,628) | (40,429) | (1,455) | (26,936) |
Net increase (decrease) | (1,348) | $(33,812) | 149 | $2,142 |
Class R4 shares | ||||
Sold | 49 | $1,142 | 2,799 | $54,569 |
Distributions reinvested | 2 | 56 | 1 | 12 |
Repurchased | (1) | (22) | (682) | (12,706) |
Net increase | 50 | $1,176 | 2,118 | $41,875 |
Class R6 shares | ||||
Sold | 69,297 | $1,705,443 | 228,519 | $4,320,429 |
Distributions reinvested | 21,488 | 535,692 | 1,651 | 33,272 |
Repurchased | (221,045) | (5,454,769) | (223,125) | (4,420,555) |
Net increase (decrease) | (130,260) | $(3,213,634) | 7,045 | $(66,854) |
Total net decrease | (268,060) | $(6,290,244) | (485,396) | $(8,842,966) |
26 | JOHN HANCOCK Fundamental All Cap Core Fund | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK Fundamental All Cap Core Fund | 27 |
Steven R. Pruchansky, Vice Chairperson
Andrew G. Arnott†
Charles L. Bardelis*
James R. Boyle
Peter S. Burgess
*William H. Cunningham
Grace K. Fey
Marianne Harrison†
Deborah C. Jackson
James M. Oates*
Frances G. Rathke*,1
Gregory A. Russo
President
Chief Financial Officer
Treasurer
Secretary and Chief Legal Officer
Chief Compliance Officer
Jonathan T. White, CFA
You can also contact us: | ||
800-225-5291 | Regular mail: | Express mail: |
jhinvestments.com | John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 | John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
28 | JOHN HANCOCK FUNDAMENTAL ALL CAP CORE FUND | SEMIANNUAL REPORT |
Communications ETF
GOVERNANCE FUNDS
representing one of America’s most trusted brands, with a heritage of
financial stewardship dating back to 1862. Helping our shareholders
pursue their financial goals is at the core of everything we do. It’s why
we support the role of professional financial advice and operate with
the highest standards of conduct and integrity.
We search the world to find proven portfolio teams with specialized
expertise for every strategy we offer, then we apply robust investment
oversight to ensure they continue to meet our uncompromising
standards and serve the best interests of our shareholders.
a diverse set of investments backed by some of the world’s best
managers, along with strong risk-adjusted returns across asset classes.
200 Berkeley Street ■ Boston, MA 02116-5010 ■ 800-225-5291 ■ jhinvestments.com
MF1516376 | 376SA 1/21 |
President and CEO,
John Hancock Investment Management
Head of Wealth and Asset Management,
United States and Europe
SEMIANNUAL REPORT | JOHN HANCOCK DIVERSIFIED STRATEGIES FUND | 1 |
2 | JOHN HANCOCK DIVERSIFIED STRATEGIES FUND | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK DIVERSIFIED STRATEGIES FUND | 3 |
Average annual total returns (%) with maximum sales charge | Cumulative total returns (%) with maximum sales charge | ||||||
1-year | 5-year | Since inception (9-30-11) | 6-month | 5-year | Since inception (9-30-11) | ||
Class A | -7.75 | 1.50 | 2.78 | -5.89 | 7.72 | 29.18 | |
Class I1 | -2.50 | 2.90 | 3.71 | -0.69 | 15.36 | 40.53 | |
Index 1† | 4.72 | 4.00 | 3.34 | -0.91 | 21.67 | 35.86 | |
Index 2† | 17.25 | 16.16 | 15.62 | 14.47 | 111.48 | 287.88 | |
Index 3† | 9.00 | 7.78 | 7.10 | 3.67 | 45.43 | 89.81 |
Class A | Class I | |
Gross (%) | 3.00 | 2.70 |
Net (%) | 2.99 | 2.69 |
4 | JOHN HANCOCK DIVERSIFIED STRATEGIES FUND | SEMIANNUAL REPORT |
Start date | With maximum sales charge ($) | Without sales charge ($) | Index 1 ($) | Index 2 ($) | Index 3 ($) | |
Class I1 | 9-30-11 | 14,053 | 14,053 | 13,586 | 38,788 | 18,981 |
1 | For certain types of investors, as described in the fund's prospectus. |
SEMIANNUAL REPORT | JOHN HANCOCK DIVERSIFIED STRATEGIES FUND | 5 |
6 | JOHN HANCOCK DIVERSIFIED STRATEGIES FUND | SEMIANNUAL REPORT |
Account value on 8-1-2020 | Ending value on 1-31-2021 | Expenses paid during period ended 1-31-20211 | Annualized expense ratio | ||
Class A | Actual expenses/actual returns | $1,000.00 | $990.50 | $8.53 | 1.70% |
Hypothetical example | 1,000.00 | 1,016.60 | 8.64 | 1.70% | |
Class I | Actual expenses/actual returns | 1,000.00 | 993.10 | 6.98 | 1.39% |
Hypothetical example | 1,000.00 | 1,018.20 | 7.07 | 1.39% |
1 | Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half year period). |
SEMIANNUAL REPORT | JOHN HANCOCK DIVERSIFIED STRATEGIES FUND | 7 |
Rate (%) | Maturity date | Par value^ | Value | ||
U.S. Government and Agency obligations 4.7% | $477,236 | ||||
(Cost $477,213) | |||||
U.S. Government Agency 4.7% | 477,236 | ||||
Federal National Mortgage Association | 2.500 | 04-13-21 | 475,000 | 477,236 | |
Shares | Value | ||||
Unaffiliated investment companies 2.3% | $234,218 | ||||
(Cost $227,487) | |||||
Exchange-traded funds 2.3% | 234,218 | ||||
iShares 1-5 Year Investment Grade Corporate Bond ETF | 1,500 | 82,680 | |||
SPDR Bloomberg Barclays High Yield Bond ETF | 1,000 | 108,400 | |||
VanEck Vectors Gold Miners ETF | 1,250 | 43,138 | |||
Contracts/Notional amount | Value | ||||
Purchased options 1.3% | $133,392 | ||||
(Cost $235,522) | |||||
Calls 1.0% | 100,239 | ||||
Over the Counter Option on the EUR vs. GBP (Expiration Date: 6-28-21; Strike Price: EUR 0.93; Counterparty: Morgan Stanley & Company, Inc.) (A)(B) | 1,000,000 | 6,497 | |||
Over the Counter Option on the NOK vs. SEK (Expiration Date: 3-25-21; Strike Price: NOK 0.98; Counterparty: Goldman Sachs Bank USA) (A)(B) | 20,000,000 | 21,565 | |||
Over the Counter Option on the NOK vs. SEK (Expiration Date: 7-8-21; Strike Price: NOK 0.99; Counterparty: UBS AG) (A)(B) | 10,000,000 | 15,783 | |||
Over the Counter Option on the USD vs. CAD (Expiration Date: 3-11-21; Strike Price: $1.29; Counterparty: Citibank, N.A.) (A)(B) | 2,000,000 | 11,924 | |||
Over the Counter Option on the USD vs. MXN (Expiration Date: 2-11-21; Strike Price: $20.00; Counterparty: Citibank, N.A.) (A)(B) | 1,000,000 | 29,071 | |||
Over the Counter Option on the USD vs. ZAR (Expiration Date: 3-4-21; Strike Price: $15.40; Counterparty: Canadian Imperial Bank of Commerce) (A)(B) | 1,000,000 | 15,399 | |||
Puts 0.3% | 33,153 | ||||
Over the Counter Option on the AUD vs. USD (Expiration Date: 2-12-21; Strike Price: AUD 0.77; Counterparty: Bank of America, N.A.) (A)(B) | 1,500,000 | 10,012 |
8 | JOHN HANCOCK DIVERSIFIED STRATEGIES FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Contracts/Notional amount | Value | ||||
Puts (continued) | |||||
Over the Counter Option on the EUR vs. RUB (Expiration Date: 5-11-21; Strike Price: EUR 88.50; Counterparty: Goldman Sachs Bank USA) (A)(B) | 2,000,000 | $21,628 | |||
Over the Counter Option on the EUR vs. USD (Expiration Date: 2-4-21; Strike Price: EUR 1.08; Counterparty: Bank of America, N.A.) (A)(B) | 2,000,000 | 2 | |||
Over the Counter Option on the GBP vs. USD (Expiration Date: 2-5-21; Strike Price: GBP 1.35; Counterparty: Citibank, N.A.) (A)(B) | 1,500,000 | 1,511 | |||
Yield* (%) | Maturity date | Par value^ | Value | ||
Short-term investments 83.9% | $8,501,802 | ||||
(Cost $8,501,609) | |||||
Commercial paper 75.5% | 7,648,945 | ||||
Apple, Inc. | 0.090 | 03-15-21 | 475,000 | 474,950 | |
BASF SE | 0.150 | 02-12-21 | 475,000 | 474,983 | |
Chariot Funding LLC | 0.140 | 02-16-21 | 475,000 | 474,963 | |
Emerson Electric Company | 0.110 | 02-08-21 | 475,000 | 474,988 | |
Gotham Funding Corp. | 0.180 | 04-05-21 | 475,000 | 474,842 | |
Honeywell International, Inc. | 0.200 | 06-04-21 | 475,000 | 474,764 | |
John Deere, Ltd. | 0.140 | 02-08-21 | 475,000 | 474,988 | |
JP Morgan Securities LLC | 0.120 | 02-17-21 | 475,000 | 474,976 | |
Jupiter Securitization Company LLC | 0.200 | 03-16-21 | 475,000 | 474,897 | |
Lime Funding LLC | 0.200 | 02-03-21 | 475,000 | 474,991 | |
Manhattan Asset Funding Company LLC | 0.200 | 02-26-21 | 275,000 | 274,966 | |
Philip Morris International | 0.100 | 02-17-21 | 475,000 | 474,978 | |
Province of British Columbia | 0.195 | 06-09-21 | 475,000 | 474,758 | |
PSP Capital, Inc. | 0.160 | 02-02-21 | 475,000 | 474,996 | |
Sanofi | 0.090 | 02-08-21 | 250,000 | 249,995 | |
The Coca-Cola Company | 0.110 | 02-22-21 | 475,000 | 474,970 | |
Westpac Banking Corp. | 0.175 | 03-04-21 | 475,000 | 474,940 | |
U.S. Government Agency 4.7% | 474,970 | ||||
Federal Home Loan Bank Discount Note | 0.065 | 03-19-21 | 475,000 | 474,970 |
Yield (%) | Shares | Value | |||
Short-term funds 3.7% | 377,887 | ||||
State Street Institutional U.S. Government Money Market Fund, Premier Class | 0.0300(C) | 377,887 | 377,887 |
Total investments (Cost $9,441,831) 92.2% | $9,346,648 | ||||
Other assets and liabilities, net 7.8% | 794,204 | ||||
Total net assets 100.0% | $10,140,852 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK DIVERSIFIED STRATEGIES FUND | 9 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | |
^All par values are denominated in U.S. dollars unless otherwise indicated. | |
Currency Abbreviations | |
AUD | Australian Dollar |
CAD | Canadian Dollar |
EUR | Euro |
GBP | Pound Sterling |
MXN | Mexican Peso |
NOK | Norwegian Krone |
RUB | Russian Ruble |
SEK | Swedish Krona |
ZAR | South African Rand |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
(B) | For this type of option, notional amounts are equivalent to number of contracts. |
(C) | The rate shown is the annualized seven-day yield as of 1-31-21. |
* | Yield represents either the annualized yield at the date of purchase, the stated coupon rate or, for floating rate securities, the rate at period end. |
10 | JOHN HANCOCK DIVERSIFIED STRATEGIES FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Open contracts | Number of contracts | Position | Expiration date | Notional basis^ | Notional value^ | Unrealized appreciation (depreciation) |
CBOE Volatility Index Futures | 2 | Long | Feb 2021 | $58,012 | $64,772 | $6,760 |
Energy Select Sector Index Futures | 3 | Long | Mar 2021 | 132,367 | 122,250 | (10,117) |
Financial Select Sector Index Futures | 1 | Long | Mar 2021 | 87,452 | 88,975 | 1,523 |
FTSE 100 Index Futures | 10 | Long | Mar 2021 | 891,644 | 871,553 | (20,091) |
German Euro BUND Futures | 6 | Long | Mar 2021 | 1,295,351 | 1,290,610 | (4,741) |
MSCI Emerging Markets Index Futures | 8 | Long | Mar 2021 | 551,139 | 530,101 | (21,038) |
CBOE Volatility Index Futures | 2 | Short | May 2021 | (58,814) | (61,014) | (2,200) |
Euro-BTP Italian Government Bond Futures | 4 | Short | Mar 2021 | (732,061) | (732,644) | (583) |
S&P 500 Index E-Mini Futures | 39 | Short | Mar 2021 | (737,684) | (722,514) | 15,170 |
$(35,317) |
Contract to buy | Contract to sell | Counterparty (OTC) | Contractual settlement date | Unrealized appreciation | Unrealized depreciation | ||
CAD | 254,480 | USD | 200,000 | CITI | 2/17/2021 | — | $(983) |
CAD | 643,107 | USD | 500,000 | MSCS | 2/17/2021 | $2,944 | — |
JPY | 52,899,555 | CAD | 650,000 | BMO | 2/17/2021 | — | (3,236) |
JPY | 104,539,310 | USD | 1,000,000 | BARC | 2/17/2021 | — | (1,832) |
NOK | 4,500,000 | SEK | 4,378,878 | SCB | 2/17/2021 | 1,269 | — |
SEK | 4,185,344 | USD | 500,000 | MSCS | 2/17/2021 | 937 | — |
SGD | 662,828 | USD | 500,000 | SCB | 2/17/2021 | — | (1,044) |
USD | 500,000 | CAD | 631,243 | CITI | 2/17/2021 | 6,335 | — |
USD | 200,000 | CAD | 256,820 | JPM | 2/17/2021 | — | (847) |
USD | 500,000 | CAD | 639,715 | SCB | 2/17/2021 | — | (291) |
USD | 303,707 | EUR | 250,000 | ANZ | 2/17/2021 | 221 | — |
USD | 1,000,000 | JPY | 103,972,980 | MSCS | 2/17/2021 | 7,239 | — |
USD | 500,000 | SEK | 4,141,537 | MSCS | 2/17/2021 | 4,306 | — |
USD | 500,000 | SGD | 666,674 | SCB | 2/17/2021 | — | (1,851) |
$23,251 | $(10,084) |
Options on index | ||||||||
Counterparty (OTC)/ Exchange- traded | Name of issuer | Currency | Exercise price | Expiration date | Number of contracts | Notional amount | Premium | Value |
Exchange-traded | FTSE 100 Index | GBP | 6,800.00 | Feb 2021 | 10 | 100 | $6,211 | $(1,028) |
$6,211 | $(1,028) |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK DIVERSIFIED STRATEGIES FUND | 11 |
Foreign currency options | |||||||
Description | Counterparty (OTC) | Currency | Exercise price | Expiration date | Notional amount* | Premium | Value |
Calls | |||||||
Euro versus Pound Sterling | MSI | EUR | 0.97 | Jun 2021 | 1,000,000 | $5,144 | $(1,891) |
Norwegian Krone versus Swedish Krona | GSI | NOK | 1.00 | Mar 2021 | 20,000,000 | 7,779 | (7,045) |
Norwegian Krone versus Swedish Krona | UBS | NOK | 1.01 | Jul 2021 | 10,000,000 | 6,544 | (6,763) |
U.S. Dollar versus Mexican Peso | CITI | USD | 20.75 | Feb 2021 | 1,000,000 | 5,669 | (9,176) |
U.S. Dollar versus South African Rand | CIBC | USD | 16.30 | Mar 2021 | 1,000,000 | 13,765 | (4,217) |
$38,901 | $(29,092) | ||||||
Puts | |||||||
Australian Dollar versus U.S. Dollar | BOA | AUD | 0.74 | Feb 2021 | 1,500,000 | $3,466 | $(1,277) |
Euro versus Russian Ruble | GSI | EUR | 83.50 | May 2021 | 2,000,000 | 11,406 | (3,119) |
Euro versus U.S. Dollar | BOA | EUR | 1.05 | Feb 2021 | 2,000,000 | 43,065 | (2) |
Pound Sterling versus U.S. Dollar | CITI | GBP | 1.33 | Feb 2021 | 1,500,000 | 5,269 | (70) |
$63,206 | $(4,468) | ||||||
$102,107 | $(33,560) | ||||||
* For this type of option, notional amounts are equivalent to number of contracts. |
Interest rate swaps | ||||||||||
Counterparty (OTC)/ Centrally cleared | Notional amount | Currency | Payments made | Payments received | Fixed payment frequency | Floating payment frequency | Maturity date | Unamortized upfront payment paid (received) | Unrealized appreciation (depreciation) | Value |
Centrally cleared | 10,000,000 | USD | USD LIBOR BBA | Fixed 0.817% | Semi-Annual | Quarterly | Jan 2025 | — | $6,146 | $6,146 |
— | $6,146 | $6,146 |
Derivatives Currency Abbreviations | |
AUD | Australian Dollar |
CAD | Canadian Dollar |
EUR | Euro |
GBP | Pound Sterling |
JPY | Japanese Yen |
NOK | Norwegian Krone |
SEK | Swedish Krona |
SGD | Singapore Dollar |
USD | U.S. Dollar |
12 | JOHN HANCOCK DIVERSIFIED STRATEGIES FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Derivatives Abbreviations | |
ANZ | Australia and New Zealand Banking Group Limited |
BARC | Barclays Bank PLC |
BBA | The British Banker's Association |
BMO | Bank of Montreal |
BOA | Bank of America, N.A. |
CIBC | Canadian Imperial Bank of Commerce |
CITI | Citibank, N.A. |
GSI | Goldman Sachs International |
JPM | JPMorgan Chase Bank, N.A. |
LIBOR | London Interbank Offered Rate |
MSCS | Morgan Stanley Capital Services LLC |
MSI | Morgan Stanley & Co. International PLC |
OTC | Over-the-counter |
SCB | Standard Chartered Bank |
UBS | UBS AG |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK DIVERSIFIED STRATEGIES FUND | 13 |
Assets | |
Unaffiliated investments, at value (Cost $9,441,831) | $9,346,648 |
Receivable for centrally cleared swaps | 308,799 |
Unrealized appreciation on forward foreign currency contracts | 23,251 |
Cash | 1,065 |
Foreign currency, at value (Cost $135,251) | 134,856 |
Collateral held at broker for futures contracts | 418,007 |
Dividends and interest receivable | 4,000 |
Receivable for investments sold | 43,462 |
Receivable from affiliates | 974 |
Other assets | 2,423 |
Total assets | 10,283,485 |
Liabilities | |
Unrealized depreciation on forward foreign currency contracts | 10,084 |
Written options, at value (Premiums received $108,318) | 34,588 |
Payable for futures variation margin | 27,994 |
Payable to affiliates | |
Accounting and legal services fees | 349 |
Transfer agent fees | 1,004 |
Trustees' fees | 117 |
Other liabilities and accrued expenses | 68,497 |
Total liabilities | 142,633 |
Net assets | $10,140,852 |
Net assets consist of | |
Paid-in capital | $10,223,894 |
Total distributable earnings (loss) | (83,042) |
Net assets | $10,140,852 |
Net asset value per share | |
Based on net asset value and shares outstanding - the fund has an unlimited number of shares authorized with no par value | |
Class A ($5,007,249 ÷ 640,458 shares)1 | $7.82 |
Class I ($5,133,603 ÷ 649,663 shares) | $7.90 |
Maximum offering price per share | |
Class A (net asset value per share ÷ 95%)2 | $8.23 |
1 | Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
2 | On single retail sales of less than $50,000. On sales of $50,000 or more and on group sales the offering price is reduced. |
14 | JOHN HANCOCK DIVERSIFIED STRATEGIES FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Investment income | |
Interest | $13,321 |
Dividends | 10,634 |
Total investment income | 23,955 |
Expenses | |
Investment management fees | 52,122 |
Distribution and service fees | 7,655 |
Accounting and legal services fees | 578 |
Transfer agent fees | 6,052 |
Trustees' fees | 190 |
Custodian fees | 31,960 |
Printing and postage | 8,054 |
Professional fees | 25,980 |
Other | 7,636 |
Total expenses | 140,227 |
Less expense reductions | (59,766) |
Net expenses | 80,461 |
Net investment loss | (56,506) |
Realized and unrealized gain (loss) | |
Net realized gain (loss) on | |
Unaffiliated investments and foreign currency transactions | (36,761) |
Affiliated investments | 26,549 |
Futures contracts | 113,081 |
Forward foreign currency contracts | (40,866) |
Written options | 183,612 |
Swap contracts | 15,058 |
260,673 | |
Change in net unrealized appreciation (depreciation) of | |
Unaffiliated investments and translation of assets and liabilities in foreign currencies | (279,334) |
Affiliated investments | (8,976) |
Futures contracts | (21,824) |
Forward foreign currency contracts | 25,862 |
Written options | 45,980 |
Swap contracts | (37,131) |
(275,423) | |
Net realized and unrealized loss | (14,750) |
Decrease in net assets from operations | $(71,256) |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK DIVERSIFIED STRATEGIES FUND | 15 |
Six months ended 1-31-21 (unaudited) | Year ended 7-31-20 | |
Increase (decrease) in net assets | ||
From operations | ||
Net investment income (loss) | $(56,506) | $4,956 |
Net realized gain | 260,673 | 7,394 |
Change in net unrealized appreciation (depreciation) | (275,423) | 164,072 |
Increase (decrease) in net assets resulting from operations | (71,256) | 176,422 |
Distributions to shareholders | ||
From earnings | ||
Class A | (78,990) | (52,194) |
Class I | (81,801) | (71,008) |
Total distributions | (160,791) | (123,202) |
From fund share transactions | 52,945 | 25,670 |
Total increase (decrease) | (179,102) | 78,890 |
Net assets | ||
Beginning of period | 10,319,954 | 10,241,064 |
End of period | $10,140,852 | $10,319,954 |
16 | JOHN HANCOCK DIVERSIFIED STRATEGIES FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS A SHARES Period ended | 1-31-211 | 7-31-20 | 7-31-19 | 7-31-18 | 7-31-17 | 7-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $8.00 | $7.96 | $10.13 | $10.50 | $10.09 | $10.43 |
Net investment income (loss)2 | (0.05) | (0.01) | 0.05 | 0.07 | 0.12 | 0.17 |
Net realized and unrealized gain (loss) on investments | —3 | 0.13 | 0.01 | (0.08) | 0.45 | (0.27) |
Total from investment operations | (0.05) | 0.12 | 0.06 | (0.01) | 0.57 | (0.10) |
Less distributions | ||||||
From net investment income | — | (0.08) | — | (0.36) | (0.16) | (0.23) |
From net realized gain | (0.13) | — | (2.23) | — | — | (0.01) |
Total distributions | (0.13) | (0.08) | (2.23) | (0.36) | (0.16) | (0.24) |
Net asset value, end of period | $7.82 | $8.00 | $7.96 | $10.13 | $10.50 | $10.09 |
Total return (%)4,5 | (0.95)6 | 1.17 | 1.23 | (0.17) | 5.74 | (0.96) |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $5 | $5 | $5 | $5 | $32 | $30 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions7 | 2.848 | 2.96 | 2.57 | 1.89 | 1.71 | 1.77 |
Expenses including reductions7 | 1.708 | 1.71 | 1.70 | 1.70 | 1.70 | 1.70 |
Net investment income (loss) | (1.24)8 | (0.11) | 0.63 | 0.62 | 1.22 | 1.67 |
Portfolio turnover (%) | 3929 | 5429 | 1739 | 1719 | 73 | 55 |
1 | Six months ended 1-31-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Less than $0.005 per share. |
4 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
5 | Does not reflect the effect of sales charges, if any. |
6 | Not annualized. |
7 | Ratios do not include expense indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the fund. |
8 | Annualized. |
9 | The calculation of portfolio turnover excludes amounts from all securities whose maturities or expiration dates at the time of acquisition were one year or less, which represents a significant amount of the investments held by the fund. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK DIVERSIFIED STRATEGIES FUND | 17 |
CLASS I SHARES Period ended | 1-31-211 | 7-31-20 | 7-31-19 | 7-31-18 | 7-31-17 | 7-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $8.08 | $8.03 | $10.18 | $10.52 | $10.12 | $10.46 |
Net investment income (loss)2 | (0.04) | 0.02 | 0.08 | 0.05 | 0.16 | 0.20 |
Net realized and unrealized gain (loss) on investments | (0.01) | 0.14 | —3 | —3 | 0.43 | (0.27) |
Total from investment operations | (0.05) | 0.16 | 0.08 | 0.05 | 0.59 | (0.07) |
Less distributions | ||||||
From net investment income | — | (0.11) | — | (0.39) | (0.19) | (0.26) |
From net realized gain | (0.13) | — | (2.23) | — | — | (0.01) |
Total distributions | (0.13) | (0.11) | (2.23) | (0.39) | (0.19) | (0.27) |
Net asset value, end of period | $7.90 | $8.08 | $8.03 | $10.18 | $10.52 | $10.12 |
Total return (%)4 | (0.69)5 | 1.46 | 1.47 | 0.32 | 5.94 | (0.63) |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $5 | $5 | $5 | $6 | $10 | $10 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions6 | 2.547 | 2.66 | 2.28 | 1.59 | 1.40 | 1.45 |
Expenses including reductions6 | 1.397 | 1.40 | 1.39 | 1.39 | 1.39 | 1.39 |
Net investment income (loss) | (0.93)7 | 0.20 | 0.93 | 0.66 | 1.53 | 1.98 |
Portfolio turnover (%) | 3928 | 5428 | 1738 | 1718 | 73 | 55 |
1 | Six months ended 1-31-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Less than $0.005 per share. |
4 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
5 | Not annualized. |
6 | Ratios do not include expense indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the fund. |
7 | Annualized. |
8 | The calculation of portfolio turnover excludes amounts from all securities whose maturities or expiration dates at the time of acquisition were one year or less, which represents a significant amount of the investments held by the fund. |
18 | JOHN HANCOCK DIVERSIFIED STRATEGIES FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
SEMIANNUAL REPORT | JOHN HANCOCK Diversified Strategies Fund | 19 |
Total value at 1-31-21 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
U.S. Government and Agency obligations | $477,236 | — | $477,236 | — |
Unaffiliated investment companies | 234,218 | $234,218 | — | — |
Purchased options | 133,392 | — | 133,392 | — |
Short-term investments | 8,501,802 | 377,887 | 8,123,915 | — |
Total investments in securities | $9,346,648 | $612,105 | $8,734,543 | — |
Derivatives: | ||||
Assets | ||||
Futures | $23,453 | $23,453 | — | — |
Forward foreign currency contracts | 23,251 | — | $23,251 | — |
Swap contracts | 6,146 | — | 6,146 | — |
Liabilities | ||||
Futures | (58,770) | (58,770) | — | — |
Forward foreign currency contracts | (10,084) | — | (10,084) | — |
Written options | (34,588) | (1,028) | (33,560) | — |
20 | JOHN HANCOCK Diversified Strategies Fund | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK Diversified Strategies Fund | 21 |
22 | JOHN HANCOCK Diversified Strategies Fund | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK Diversified Strategies Fund | 23 |
24 | JOHN HANCOCK Diversified Strategies Fund | SEMIANNUAL REPORT |
Risk | Statement of assets and liabilities location | Financial instruments location | Assets derivatives fair value | Liabilities derivatives fair value |
Interest rate | Receivable/payable for futures variation margin1 | Futures | — | $(5,324) |
Equity | Receivable/payable for futures variation margin1 | Futures | $23,453 | (53,446) |
Currency | Unrealized appreciation (depreciation) on forward foreign currency contracts | Forward foreign currency contracts | 23,251 | (10,084) |
Currency | Unaffiliated investments, at value2 | Purchased options | 133,392 | — |
Currency | Written options, at value | Written options | — | (33,560) |
Equity | Written options, at value | Written options | — | (1,028) |
Interest rate | Swap contracts, at value3 | Interest rate swaps | 6,146 | — |
$186,242 | $(103,442) |
1 | Reflects cumulative appreciation/depreciation on futures as disclosed in Fund's investments. Only the period end variation margin is separately disclosed on the Statement of assets and liabilities. |
2 | Purchased options are included in Fund's investments. |
3 | Reflects cumulative value of swap contracts. Receivable/payable for centrally cleared swaps, which includes value and margin, are shown separately on the Statement of assets and liabilities. |
SEMIANNUAL REPORT | JOHN HANCOCK Diversified Strategies Fund | 25 |
OTC Financial Instruments | Asset | Liability |
Forward foreign currency contracts | $23,251 | $(10,084) |
Purchased options | 133,392 | — |
Written options | — | (33,560) |
Totals | $156,643 | $(43,644) |
Counterparty | Total Market Value of OTC Derivatives | Collateral Posted by Counterparty1 | Collateral Posted by Fund1 | Net Exposure |
Australia and New Zealand Banking Group Limited | $ 221 | — | — | $ 221 |
Bank of America, N.A. | 8,735 | — | — | 8,735 |
Bank of Montreal | (3,236) | — | — | (3,236) |
Barclays Bank PLC | (1,832) | — | — | (1,832) |
Canadian Imperial Bank of Commerce | 11,182 | — | — | 11,182 |
Citibank, N.A. | 38,612 | — | — | 38,612 |
Goldman Sachs Bank USA | 43,193 | 43,193 | ||
Goldman Sachs International | (10,164) | — | — | (10,164) |
JPMorgan Chase Bank, N.A. | (847) | — | — | (847) |
Morgan Stanley & Co. International PLC | (1,891) | — | — | (1,891) |
Morgan Stanley & Company, Inc. | 6,497 | 6,497 | ||
Morgan Stanley Capital Services LLC | 15,426 | — | — | 15,426 |
Standard Chartered Bank | (1,917) | — | — | (1,917) |
UBS AG | 9,020 | — | — | 9,020 |
Totals | 112,999 | — | — | $112,999 |
1 Reflects collateral posted by the counterparty or posted by the fund, excluding any excess collateral amounts. |
Statement of operations location - Net realized gain (loss) on: | ||||||
Risk | Unaffiliated investments and foreign currency transactions1 | Futures contracts | Forward foreign currency contracts | Written options | Swap contracts | Total |
Interest rate | — | $(18,044) | — | — | $15,058 | $(2,986) |
Currency | $(185,155) | — | $(40,866) | $163,002 | — | (63,019) |
Equity | (32,681) | 131,125 | — | 20,610 | — | 119,054 |
Total | $(217,836) | $113,081 | $(40,866) | $183,612 | $15,058 | $53,049 |
26 | JOHN HANCOCK Diversified Strategies Fund | SEMIANNUAL REPORT |
1 | Realized gain/loss associated with purchased options is included in this caption on the Statement of operations. |
Statement of operations location - Change in net unrealized appreciation (depreciation) of: | ||||||
Risk | Unaffiliated investments and translation of assets and liabilities in foreign currencies1 | Futures contracts | Forward foreign currency contracts | Written options | Swap contracts | Total |
Interest rate | — | $606 | — | — | $(37,131) | $(36,525) |
Currency | $(175,046) | — | $25,862 | $26,330 | — | (122,854) |
Equity | (35,707) | (22,430) | — | 19,650 | — | (38,487) |
Total | $(210,753) | $(21,824) | $25,862 | $45,980 | $(37,131) | $(197,866) |
1 | Change in unrealized appreciation/depreciation associated with purchased options is included in this caption on the Statement of operations. |
SEMIANNUAL REPORT | JOHN HANCOCK Diversified Strategies Fund | 27 |
Class | Expense reduction |
Class A | $29,130 |
Class I | 30,636 |
Total | $59,766 |
Class | Rule 12b-1 Fee |
Class A | 0.30% |
28 | JOHN HANCOCK Diversified Strategies Fund | SEMIANNUAL REPORT |
Class | Distribution and service fees | Transfer agent fees |
Class A | $7,655 | $2,963 |
Class I | — | 3,089 |
Total | $7,655 | $6,052 |
Six Months Ended 1-31-21 | Year Ended 7-31-20 | |||
Shares | Amount | Shares | Amount | |
Class A shares | ||||
Distributions reinvested | 9,999 | $78,990 | 6,500 | $52,194 |
Net increase | 9,999 | $78,990 | 6,500 | $52,194 |
Class I shares | ||||
Sold | — | — | 2,047 | $16,908 |
Distributions reinvested | 10,251 | $81,801 | 8,777 | 71,008 |
Repurchased | (13,481) | (107,846) | (14,076) | (114,440) |
Net decrease | (3,230) | $(26,045) | (3,252) | $(26,524) |
Total net increase | 6,769 | $52,945 | 3,248 | $25,670 |
SEMIANNUAL REPORT | JOHN HANCOCK Diversified Strategies Fund | 29 |
Dividends and distributions | |||||||||
Affiliate | Ending share amount | Beginning value | Cost of purchases | Proceeds from shares sold | Realized gain (loss) | Change in unrealized appreciation (depreciation) | Income distributions received | Capital gain distributions received | Ending value |
Asia Pacific Total Return Bond | — | $292,601 | — | $(310,174) | $26,549 | $(8,976) | — | — | — |
30 | JOHN HANCOCK Diversified Strategies Fund | SEMIANNUAL REPORT |
Steven R. Pruchansky, Vice Chairperson
Andrew G. Arnott†
Charles L. Bardelis*
James R. Boyle
Peter S. Burgess
*William H. Cunningham
Grace K. Fey
Marianne Harrison†
Deborah C. Jackson
James M. Oates*
Frances G. Rathke*,1
Gregory A. Russo
President
Chief Financial Officer
Treasurer
Secretary and Chief Legal Officer
Chief Compliance Officer
Andrew Graham
Mark Holden, CFA
Nathan Thooft, CFA
Christopher Walsh, CFA
You can also contact us: | ||
800-225-5291 | Regular mail: | Express mail: |
jhinvestments.com | John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 | John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
SEMIANNUAL REPORT | JOHN HANCOCK DIVERSIFIED STRATEGIES FUND | 31 |
Communications ETF
GOVERNANCE FUNDS
representing one of America’s most trusted brands, with a heritage of
financial stewardship dating back to 1862. Helping our shareholders
pursue their financial goals is at the core of everything we do. It’s why
we support the role of professional financial advice and operate with
the highest standards of conduct and integrity.
We search the world to find proven portfolio teams with specialized
expertise for every strategy we offer, then we apply robust investment
oversight to ensure they continue to meet our uncompromising
standards and serve the best interests of our shareholders.
a diverse set of investments backed by some of the world’s best
managers, along with strong risk-adjusted returns across asset classes.
200 Berkeley Street ■ Boston, MA 02116-5010 ■ 800-225-5291 ■ jhinvestments.com
392SA 1/21 |
President and CEO,
John Hancock Investment Management
Head of Wealth and Asset Management,
United States and Europe
SEMIANNUAL REPORT | JOHN HANCOCK MULTI-ASSET ABSOLUTE RETURN FUND | 1 |
2 | JOHN HANCOCK MULTI-ASSET ABSOLUTE RETURN FUND | SEMIANNUAL REPORT |
COUNTRY COMPOSITION AS OF 1/31/2021 (% of net assets) | |
United States | 63.4 |
France | 5.5 |
Denmark | 4.5 |
Japan | 3.2 |
Germany | 3.0 |
China | 2.6 |
Ireland | 2.5 |
Canada | 2.1 |
South Korea | 1.9 |
United Kingdom | 1.7 |
Other countries | 9.6 |
TOTAL | 100.0 |
SEMIANNUAL REPORT | JOHN HANCOCK MULTI-ASSET ABSOLUTE RETURN FUND | 3 |
Common stocks | 74.9 |
Information technology | 20.8 |
Health care | 18.5 |
Consumer discretionary | 10.2 |
Communication services | 10.0 |
Consumer staples | 5.3 |
Financials | 4.3 |
Industrials | 3.5 |
Utilities | 1.5 |
Real estate | 0.5 |
Energy | 0.3 |
U.S. Government | 10.7 |
Corporate bonds | 9.6 |
Preferred securities | 0.1 |
Other assets and liabilities, net | 4.7 |
TOTAL | 100.0 |
4 | JOHN HANCOCK MULTI-ASSET ABSOLUTE RETURN FUND | SEMIANNUAL REPORT |
Average annual total returns (%) with maximum sales charge | Cumulative total returns (%) with maximum sales charge | ||||||
1-year | 5-year | Since inception (12-19-11) | 6-month | 5-year | Since inception (12-19-11) | ||
Class A | -4.18 | 0.12 | 1.80 | -3.07 | 0.58 | 17.64 | |
Class C1 | -0.89 | 0.44 | 1.76 | 0.59 | 2.22 | 17.21 | |
Class I2 | 1.12 | 1.46 | 2.71 | 2.22 | 7.50 | 27.67 | |
Class R21,2 | 0.71 | 1.06 | 2.22 | 2.05 | 5.40 | 22.18 | |
Class R61,2 | 1.22 | 1.57 | 2.79 | 2.21 | 8.13 | 28.47 | |
Class NAV2 | 1.23 | 1.58 | 2.82 | 2.22 | 8.14 | 28.81 | |
Index 1† | 0.42 | 1.13 | 0.64 | 0.05 | 5.77 | 5.95 | |
Index 2† | 7.78 | 7.08 | 6.34 | 5.10 | 40.77 | 75.17 |
Class A | Class C | Class I | Class R2 | Class R6 | Class NAV | |
Gross (%) | 1.53 | 2.23 | 1.23 | 1.62 | 1.12 | 1.01 |
Net (%) | 1.52 | 2.22 | 1.22 | 1.61 | 1.11 | 1.00 |
SEMIANNUAL REPORT | JOHN HANCOCK MULTI-ASSET ABSOLUTE RETURN FUND | 5 |
Start date | With maximum sales charge ($) | Without sales charge ($) | Index 1 ($) | Index 2 ($) | |
Class C1,3 | 12-19-11 | 11,721 | 11,721 | 10,595 | 17,517 |
Class I2 | 12-19-11 | 12,767 | 12,767 | 10,595 | 17,517 |
Class R21,2 | 12-19-11 | 12,218 | 12,218 | 10,595 | 17,517 |
Class R61,2 | 12-19-11 | 12,847 | 12,847 | 10,595 | 17,517 |
Class NAV2 | 12-19-11 | 12,881 | 12,881 | 10,595 | 17,517 |
1 | Class C shares were first offered on 8-1-12; Class R2 and Class R6 shares were first offered on 3-1-12. Returns prior to these dates are those of Class A shares (first offered on 12-19-11) that have not been adjusted for class-specific expenses; otherwise, returns would vary. |
2 | For certain types of investors, as described in the fund's prospectuses. |
3 | The contingent deferred sales charge is not applicable. |
6 | JOHN HANCOCK MULTI-ASSET ABSOLUTE RETURN FUND | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK MULTI-ASSET ABSOLUTE RETURN FUND | 7 |
Account value on 8-1-2020 | Ending value on 1-31-2021 | Expenses paid during period ended 1-31-20211 | Annualized expense ratio | ||
Class A | Actual expenses/actual returns | $1,000.00 | $1,020.60 | $8.15 | 1.60% |
Hypothetical example | 1,000.00 | 1,017.10 | 8.13 | 1.60% | |
Class C | Actual expenses/actual returns | 1,000.00 | 1,015.90 | 11.69 | 2.30% |
Hypothetical example | 1,000.00 | 1,013.60 | 11.67 | 2.30% | |
Class I | Actual expenses/actual returns | 1,000.00 | 1,022.20 | 6.63 | 1.30% |
Hypothetical example | 1,000.00 | 1,018.70 | 6.61 | 1.30% | |
Class R2 | Actual expenses/actual returns | 1,000.00 | 1,020.50 | 8.35 | 1.64% |
Hypothetical example | 1,000.00 | 1,016.90 | 8.34 | 1.64% | |
Class R6 | Actual expenses/actual returns | 1,000.00 | 1,022.10 | 6.07 | 1.19% |
Hypothetical example | 1,000.00 | 1,019.20 | 6.06 | 1.19% | |
Class NAV | Actual expenses/actual returns | 1,000.00 | 1,022.20 | 6.01 | 1.18% |
Hypothetical example | 1,000.00 | 1,019.30 | 6.01 | 1.18% |
1 | Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half year period). |
8 | JOHN HANCOCK MULTI-ASSET ABSOLUTE RETURN FUND | SEMIANNUAL REPORT |
Shares | Value | ||||
Common stocks 74.9% | $326,318,682 | ||||
(Cost $273,877,470) | |||||
Brazil 0.1% | 414,630 | ||||
Cia de Saneamento Basico do Estado de Sao Paulo, ADR | 55,655 | 414,630 | |||
Canada 1.8% | 7,674,659 | ||||
National Bank of Canada | 13,300 | 747,504 | |||
Royal Bank of Canada | 37,200 | 3,010,909 | |||
TC Energy Corp. | 29,900 | 1,281,579 | |||
The Bank of Nova Scotia | 49,400 | 2,634,667 | |||
China 2.6% | 11,409,926 | ||||
Alibaba Group Holding, Ltd., ADR (A) | 5,488 | 1,393,019 | |||
China Construction Bank Corp., H Shares | 1,639,000 | 1,241,409 | |||
China Longyuan Power Group Corp., Ltd., H Shares | 152,000 | 222,502 | |||
China Resources Double Crane Pharmaceutical Company, Ltd., Class A | 111,377 | 193,405 | |||
China Resources Sanjiu Medical & Pharmaceutical Company, Ltd., Class A | 104,578 | 401,025 | |||
China Telecom Corp., Ltd., H Shares | 2,762,000 | 802,442 | |||
ENN Energy Holdings, Ltd. | 37,000 | 570,630 | |||
Hengan International Group Company, Ltd. | 60,500 | 432,697 | |||
Huadong Medicine Company, Ltd., Class A | 106,942 | 435,183 | |||
Industrial & Commercial Bank of China, Ltd., H Shares | 2,284,000 | 1,456,896 | |||
Ping An Insurance Group Company of China, Ltd., H Shares | 101,000 | 1,189,556 | |||
Shanghai International Port Group Company, Ltd., Class A | 313,099 | 213,500 | |||
Sinopharm Group Company, Ltd., H Shares | 507,600 | 1,243,951 | |||
Tencent Holdings, Ltd. | 17,700 | 1,577,129 | |||
Tianhe Chemicals Group, Ltd. (A)(B)(C) | 4,848,409 | 36,582 | |||
Denmark 1.5% | 6,295,918 | ||||
Novo Nordisk A/S, B Shares | 90,370 | 6,295,918 | |||
France 2.4% | 10,478,177 | ||||
Danone SA | 46,242 | 3,075,026 | |||
Sanofi | 35,490 | 3,337,769 | |||
Vinci SA | 43,842 | 4,065,382 | |||
Germany 2.0% | 8,662,157 | ||||
Bayer AG | 51,933 | 3,143,131 | |||
Fresenius Medical Care AG & Company KGaA | 6,983 | 564,916 | |||
Fresenius SE & Company KGaA | 15,619 | 695,556 | |||
Muenchener Rueckversicherungs-Gesellschaft AG | 6,620 | 1,755,344 | |||
Siemens AG | 16,156 | 2,503,210 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTI-ASSET ABSOLUTE RETURN FUND | 9 |
Shares | Value | ||||
Hong Kong 1.2% | $5,103,099 | ||||
China Everbright Environment Group, Ltd. | 200,000 | 112,256 | |||
China Gas Holdings, Ltd. | 47,400 | 166,823 | |||
China Metal Recycling Holdings, Ltd. (A)(C) | 1,799,400 | 0 | |||
China Mobile, Ltd. | 239,000 | 1,453,074 | |||
China Overseas Land & Investment, Ltd. | 338,000 | 767,791 | |||
China Resources Land, Ltd. | 140,000 | 554,000 | |||
Guangdong Investment, Ltd. | 300,000 | 525,440 | |||
Techtronic Industries Company, Ltd. | 102,000 | 1,523,715 | |||
India 1.6% | 7,150,143 | ||||
Axis Bank, Ltd., GDR (A) | 13,113 | 589,697 | |||
Infosys, Ltd., ADR | 388,652 | 6,560,446 | |||
Indonesia 0.3% | 1,270,356 | ||||
Astra International Tbk PT | 208,300 | 90,263 | |||
Telkom Indonesia Persero Tbk PT | 5,339,300 | 1,180,093 | |||
Ireland 2.5% | 10,976,564 | ||||
Accenture PLC, Class A | 18,294 | 4,425,684 | |||
Medtronic PLC | 58,842 | 6,550,880 | |||
Israel 0.9% | 3,829,901 | ||||
Check Point Software Technologies, Ltd. (A) | 29,982 | 3,829,901 | |||
Japan 3.0% | 13,190,273 | ||||
Hoya Corp. | 16,900 | 2,162,421 | |||
KDDI Corp. | 131,100 | 3,853,387 | |||
Nippon Telegraph & Telephone Corp. | 151,700 | 3,791,561 | |||
Seven & i Holdings Company, Ltd. | 48,800 | 1,863,576 | |||
Takeda Pharmaceutical Company, Ltd. | 43,200 | 1,519,328 | |||
Mexico 0.1% | 476,158 | ||||
Grupo Financiero Banorte SAB de CV, Series O (A) | 95,600 | 476,158 | |||
Peru 0.2% | 622,817 | ||||
Credicorp, Ltd. | 4,143 | 622,817 | |||
Philippines 0.0% | 147,866 | ||||
PLDT, Inc. | 5,420 | 147,866 | |||
South Africa 1.0% | 4,314,852 | ||||
Absa Group, Ltd. | 41,377 | 310,283 | |||
Aspen Pharmacare Holdings, Ltd. (A) | 28,027 | 264,579 | |||
FirstRand, Ltd. | 11,861 | 37,252 | |||
Naspers, Ltd., N Shares | 10,925 | 2,527,273 | |||
Netcare, Ltd. (A) | 130,537 | 115,305 | |||
Remgro, Ltd. | 15,952 | 105,632 | |||
Sanlam, Ltd. | 67,069 | 255,556 |
10 | JOHN HANCOCK MULTI-ASSET ABSOLUTE RETURN FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
South Africa (continued) | |||||
Shoprite Holdings, Ltd. | 12,508 | $115,603 | |||
Standard Bank Group, Ltd. | 50,910 | 422,055 | |||
The Foschini Group, Ltd. (A) | 21,192 | 143,009 | |||
Vodacom Group, Ltd. | 2,244 | 18,305 | |||
South Korea 1.9% | 8,298,623 | ||||
Coway Company, Ltd. (A) | 1,472 | 91,418 | |||
Hyundai Glovis Company, Ltd. | 3,620 | 613,888 | |||
Hyundai Mobis Company, Ltd. (A) | 4,983 | 1,412,128 | |||
KT&G Corp. | 12,772 | 913,793 | |||
Samsung Electronics Company, Ltd. | 37,558 | 2,745,754 | |||
Samsung Fire & Marine Insurance Company, Ltd. | 719 | 107,930 | |||
SK Telecom Company, Ltd. | 9,319 | 2,032,371 | |||
SK Telecom Company, Ltd., ADR | 15,784 | 381,341 | |||
Switzerland 1.2% | 5,367,780 | ||||
Chubb, Ltd. | 7,292 | 1,062,226 | |||
Roche Holding AG | 11,133 | 3,842,133 | |||
Sonova Holding AG (A) | 1,921 | 463,421 | |||
Taiwan 0.8% | 3,236,545 | ||||
Delta Electronics, Inc. | 57,000 | 573,737 | |||
Taiwan Semiconductor Manufacturing Company, Ltd. | 126,000 | 2,662,808 | |||
Thailand 0.2% | 1,002,071 | ||||
Advanced Info Service PCL | 97,800 | 560,929 | |||
Bangkok Bank PCL | 116,800 | 441,142 | |||
Turkey 0.3% | 1,407,420 | ||||
Akbank T.A.S. (A) | 866,854 | 750,120 | |||
Haci Omer Sabanci Holding AS | 208,846 | 299,368 | |||
KOC Holding AS | 20,642 | 56,526 | |||
Turkcell Iletisim Hizmetleri AS | 137,638 | 301,406 | |||
United Kingdom 1.4% | 5,978,784 | ||||
British American Tobacco PLC | 59,077 | 2,146,724 | |||
Imperial Brands PLC | 30,604 | 614,269 | |||
Rightmove PLC (A) | 145,597 | 1,191,823 | |||
Unilever PLC | 34,853 | 2,025,968 | |||
United States 47.9% | 209,009,963 | ||||
Akamai Technologies, Inc. (A) | 22,137 | 2,457,871 | |||
Alphabet, Inc., Class A (A) | 4,315 | 7,885,058 | |||
Amgen, Inc. | 16,253 | 3,923,962 | |||
Anthem, Inc. | 12,080 | 3,587,518 | |||
Apple, Inc. | 8,953 | 1,181,438 | |||
Archer-Daniels-Midland Company | 54,172 | 2,709,142 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTI-ASSET ABSOLUTE RETURN FUND | 11 |
Shares | Value | ||||
United States (continued) | |||||
AT&T, Inc. | 204,392 | $5,851,743 | |||
Automatic Data Processing, Inc. | 34,203 | 5,647,599 | |||
AutoZone, Inc. (A) | 5,407 | 6,047,027 | |||
Bristol-Myers Squibb Company | 102,338 | 6,286,623 | |||
Cadence Design Systems, Inc. (A) | 37,705 | 4,916,355 | |||
Cerner Corp. | 29,716 | 2,380,549 | |||
Cigna Corp. | 34,419 | 7,470,644 | |||
Cisco Systems, Inc. | 191,872 | 8,553,654 | |||
Citrix Systems, Inc. | 16,229 | 2,163,488 | |||
Cognizant Technology Solutions Corp., Class A | 13,736 | 1,070,721 | |||
Comcast Corp., Class A | 194,265 | 9,629,716 | |||
CVS Health Corp. | 58,670 | 4,203,706 | |||
eBay, Inc. | 168,786 | 9,538,097 | |||
Entergy Corp. | 15,114 | 1,440,818 | |||
Expeditors International of Washington, Inc. | 33,136 | 2,966,335 | |||
F5 Networks, Inc. (A) | 8,509 | 1,667,339 | |||
Fiserv, Inc. (A) | 39,005 | 4,005,423 | |||
IBM Corp. | 36,254 | 4,318,214 | |||
Intuit, Inc. | 2,220 | 801,931 | |||
Johnson & Johnson | 60,270 | 9,831,845 | |||
Kellogg Company | 19,146 | 1,128,465 | |||
Laboratory Corp. of America Holdings (A) | 1,195 | 273,547 | |||
Lowe's Companies, Inc. | 6,060 | 1,011,111 | |||
Mastercard, Inc., Class A | 12,329 | 3,899,539 | |||
McKesson Corp. | 15,255 | 2,661,540 | |||
Merck & Company, Inc. | 33,787 | 2,603,964 | |||
Microsoft Corp. | 26,336 | 6,108,899 | |||
Monster Beverage Corp. (A) | 29,013 | 2,519,199 | |||
NIKE, Inc., Class B | 31,315 | 4,183,371 | |||
Oracle Corp. | 131,811 | 7,965,339 | |||
Paychex, Inc. | 40,494 | 3,535,936 | |||
PepsiCo, Inc. | 17,339 | 2,367,987 | |||
Pfizer, Inc. | 73,009 | 2,621,023 | |||
Prosperity Bancshares, Inc. | 3,335 | 224,912 | |||
Public Service Enterprise Group, Inc. | 57,901 | 3,267,353 | |||
Quest Diagnostics, Inc. | 8,038 | 1,038,108 | |||
Ross Stores, Inc. | 24,315 | 2,706,016 | |||
Signature Bank | 4,619 | 763,013 | |||
Simon Property Group, Inc. | 8,285 | 769,925 | |||
Starbucks Corp. | 46,059 | 4,458,972 | |||
Target Corp. | 27,166 | 4,921,664 | |||
Texas Roadhouse, Inc. | 43,349 | 3,303,627 | |||
The Estee Lauder Companies, Inc., Class A | 9,111 | 2,156,118 | |||
The TJX Companies, Inc. | 46,856 | 3,000,658 |
12 | JOHN HANCOCK MULTI-ASSET ABSOLUTE RETURN FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
United States (continued) | |||||
The Toro Company | 31,371 | $2,956,717 | |||
Verizon Communications, Inc. | 46,751 | 2,559,617 | |||
Visa, Inc., Class A | 18,868 | 3,646,241 | |||
VMware, Inc., Class A (A) | 29,589 | 4,078,844 | |||
Walgreens Boots Alliance, Inc. | 23,677 | 1,189,769 | |||
Xilinx, Inc. | 28,900 | 3,773,473 | |||
Zimmer Biomet Holdings, Inc. | 18,079 | 2,778,200 | |||
Preferred securities 0.1% | $396,055 | ||||
(Cost $441,245) | |||||
Brazil 0.1% | 396,055 | ||||
Banco Bradesco SA | 87,590 | 396,055 | |||
Rate (%) | Maturity date | Par value^ | Value | ||
U.S. Government and Agency obligations 10.7% | $46,876,329 | ||||
(Cost $46,770,338) | |||||
U.S. Government 10.7% | 46,876,329 | ||||
U.S. Treasury | |||||
Note | 0.625 | 05-15-30 | 3,457,500 | 3,331,625 | |
Note | 0.625 | 08-15-30 | 3,007,100 | 2,888,695 | |
Note | 0.875 | 11-15-30 | 2,425,100 | 2,379,629 | |
Note | 1.750 | 11-15-29 | 2,234,800 | 2,384,252 | |
Note | 2.000 | 11-15-26 | 3,343,200 | 3,616,272 | |
Note | 2.250 | 02-15-27 | 5,103,100 | 5,602,048 | |
Note | 2.250 | 08-15-27 | 3,174,400 | 3,493,700 | |
Note (D) | 2.375 | 05-15-29 | 5,619,900 | 6,274,750 | |
Note | 2.625 | 02-15-29 | 823,300 | 934,478 | |
Note (D) | 2.750 | 02-15-28 | 8,111,800 | 9,220,519 | |
Note | 2.875 | 05-15-28 | 1,627,100 | 1,867,288 | |
Note (D) | 3.125 | 11-15-28 | 3,754,300 | 4,396,491 | |
Treasury Inflation Protected Security | 0.125 | 07-15-30 | 426,400 | 486,582 | |
Corporate bonds 9.6% | $41,764,370 | ||||
(Cost $38,338,678) | |||||
Australia 0.3% | 1,476,583 | ||||
Westpac Banking Corp. | 0.500 | 05-17-24 | EUR | 400,000 | 499,985 |
Westpac Banking Corp. | 0.750 | 07-22-21 | EUR | 800,000 | 976,598 |
Austria 0.2% | 653,616 | ||||
Erste Group Bank AG | 0.750 | 01-17-28 | EUR | 500,000 | 653,616 |
Belgium 0.1% | 399,238 | ||||
Belfius Bank SA | 1.000 | 06-12-28 | EUR | 300,000 | 399,238 |
Canada 0.3% | 1,114,832 | ||||
Federation des Caisses Desjardins du Quebec | 0.050 | 11-26-27 | EUR | 900,000 | 1,114,832 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTI-ASSET ABSOLUTE RETURN FUND | 13 |
Rate (%) | Maturity date | Par value^ | Value | ||
Denmark 3.0% | $13,173,064 | ||||
Nykredit Realkredit A/S | 1.000 | 04-01-21 | DKK | 18,000,000 | 2,941,308 |
Nykredit Realkredit A/S | 1.000 | 07-01-25 | DKK | 3,900,000 | 672,570 |
Nykredit Realkredit A/S | 1.000 | 10-01-50 | DKK | 9,259,619 | 1,523,729 |
Nykredit Realkredit A/S | 2.000 | 10-01-50 | DKK | 7,079,544 | 1,192,997 |
Nykredit Realkredit A/S | 2.500 | 10-01-47 | DKK | 3,908,976 | 672,427 |
Nykredit Realkredit A/S | 3.000 | 10-01-47 | DKK | 3,130,584 | 549,127 |
Realkredit Danmark A/S | 1.000 | 04-01-22 | DKK | 17,000,000 | 2,816,266 |
Realkredit Danmark A/S | 1.000 | 04-01-24 | DKK | 12,000,000 | 2,040,951 |
Realkredit Danmark A/S | 1.000 | 10-01-50 | DKK | 4,639,749 | 763,689 |
France 3.1% | 13,497,755 | ||||
AXA Bank Europe SCF | 0.375 | 03-23-23 | EUR | 500,000 | 618,400 |
AXA Bank Europe SCF | 1.375 | 04-18-33 | EUR | 700,000 | 997,346 |
AXA Home Loan SFH SA | 0.010 | 10-16-29 | EUR | 900,000 | 1,113,577 |
AXA Home Loan SFH SA | 0.050 | 07-05-27 | EUR | 600,000 | 746,336 |
BPCE SFH SA | 0.375 | 02-10-23 | EUR | 900,000 | 1,112,408 |
BPCE SFH SA | 0.625 | 05-29-31 | EUR | 600,000 | 786,895 |
BPCE SFH SA | 3.750 | 09-13-21 | EUR | 1,100,000 | 1,370,122 |
Cie de Financement Foncier SA | 0.625 | 02-10-23 | EUR | 600,000 | 745,165 |
Cie de Financement Foncier SA | 2.000 | 05-07-24 | EUR | 900,000 | 1,181,877 |
HSBC SFH France SA | 0.500 | 04-17-25 | EUR | 600,000 | 757,063 |
La Banque Postale Home Loan SFH SA | 1.000 | 10-04-28 | EUR | 1,100,000 | 1,468,354 |
Societe Generale SFH SA | 0.250 | 09-11-23 | EUR | 2,100,000 | 2,600,212 |
Germany 1.0% | 4,218,028 | ||||
DZ HYP AG | 0.500 | 06-16-26 | EUR | 2,100,000 | 2,675,567 |
DZ HYP AG | 0.875 | 04-17-34 | EUR | 500,000 | 678,173 |
Landesbank Hessen-Thueringen Girozentrale, Zero Coupon | 0.000 | 07-03-24 | EUR | 700,000 | 864,288 |
Japan 0.2% | 1,004,350 | ||||
Sumitomo Mitsui Banking Corp. | 0.409 | 11-07-29 | EUR | 800,000 | 1,004,350 |
Netherlands 0.3% | 1,412,696 | ||||
Cooperatieve Rabobank UA | 0.875 | 02-08-28 | EUR | 100,000 | 131,771 |
de Volksbank NV | 0.500 | 01-30-26 | EUR | 800,000 | 1,015,389 |
de Volksbank NV | 0.750 | 10-24-31 | EUR | 100,000 | 132,672 |
The Netherlands Nationale-Nederlanden Bank NV | 1.000 | 09-25-28 | EUR | 100,000 | 132,864 |
New Zealand 0.2% | 873,700 | ||||
Westpac Securities NZ, Ltd. | 0.500 | 01-17-24 | EUR | 700,000 | 873,700 |
Norway 0.6% | 2,822,452 | ||||
DNB Boligkreditt AS | 0.375 | 11-14-23 | EUR | 300,000 | 372,926 |
Eika Boligkreditt AS | 0.875 | 02-01-29 | EUR | 700,000 | 923,219 |
Sparebanken Vest Boligkreditt AS | 0.750 | 02-27-25 | EUR | 1,200,000 | 1,526,307 |
14 | JOHN HANCOCK MULTI-ASSET ABSOLUTE RETURN FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
United Kingdom 0.3% | $1,118,056 | ||||
Lloyds Bank PLC | 0.125 | 06-18-26 | EUR | 900,000 | 1,118,056 |
Total investments (Cost $359,427,731) 95.3% | $415,355,436 | ||||
Other assets and liabilities, net 4.7% | 20,642,878 | ||||
Total net assets 100.0% | $435,998,314 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | |
^All par values are denominated in U.S. dollars unless otherwise indicated. | |
Currency Abbreviations | |
DKK | Danish Krone |
EUR | Euro |
Security Abbreviations and Legend | |
ADR | American Depositary Receipt |
GDR | Global Depositary Receipt |
(A) | Non-income producing security. |
(B) | These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. |
(C) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. Refer to Note 2 to the financial statements. |
(D) | All or a portion of this security is segregated at the custodian as collateral for certain derivatives. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTI-ASSET ABSOLUTE RETURN FUND | 15 |
Open contracts | Number of contracts | Position | Expiration date | Notional basis^ | Notional value^ | Unrealized appreciation (depreciation) |
10-Year U.S. Treasury Note Futures | 26 | Long | Mar 2021 | $3,562,145 | $3,564,844 | $2,699 |
Euro-Bund Futures | 17 | Long | Mar 2021 | 3,650,640 | 3,658,374 | 7,734 |
ASX SPI 200 Index Futures | 26 | Short | Mar 2021 | (3,287,885) | (3,232,439) | 55,446 |
Euro STOXX 50 Index Futures | 192 | Short | Mar 2021 | (8,212,234) | (8,078,152) | 134,082 |
Euro-BOBL Futures | 222 | Short | Mar 2021 | (36,380,067) | (36,442,775) | (62,708) |
FTSE 100 Index Futures | 37 | Short | Mar 2021 | (3,304,829) | (3,208,255) | 96,574 |
Long Gilt Futures | 85 | Short | Mar 2021 | (15,645,231) | (15,615,263) | 29,968 |
Mini MSCI Emerging Markets Index Futures | 374 | Short | Mar 2021 | (23,444,291) | (24,799,940) | (1,355,649) |
Nikkei 225 Mini Index Futures | 243 | Short | Mar 2021 | (6,188,787) | (6,460,977) | (272,190) |
S&P 500 E-Mini Index Futures | 247 | Short | Mar 2021 | (45,340,095) | (45,759,220) | (419,125) |
$(1,783,169) |
Contract to buy | Contract to sell | Counterparty (OTC) | Contractual settlement date | Unrealized appreciation | Unrealized depreciation | ||
AUD | 478,000 | JPY | 37,414,375 | BNP | 3/3/2021 | $8,086 | — |
AUD | 1,180,000 | JPY | 92,540,353 | GSI | 3/3/2021 | 18,256 | — |
AUD | 764,000 | JPY | 61,214,583 | JPM | 3/3/2021 | — | $(581) |
AUD | 58,136 | USD | 44,634 | BARC | 3/3/2021 | — | (197) |
AUD | 336,239 | USD | 258,225 | BNP | 3/3/2021 | — | (1,216) |
AUD | 1,829,841 | USD | 1,399,625 | GSI | 3/3/2021 | — | (960) |
AUD | 955,713 | USD | 743,060 | JPM | 3/3/2021 | — | (12,547) |
CAD | 855,364 | AUD | 882,000 | BNP | 3/3/2021 | — | (5,212) |
CAD | 286,069 | EUR | 182,000 | BNP | 3/3/2021 | 2,731 | — |
CAD | 137,422 | EUR | 88,000 | JPM | 3/3/2021 | 619 | — |
CAD | 1,445,000 | JPY | 116,545,709 | BNP | 3/3/2021 | 17,167 | — |
CAD | 540,000 | JPY | 43,960,903 | GSI | 3/3/2021 | 2,524 | — |
CAD | 6,608,780 | NOK | 44,334,382 | BARC | 3/3/2021 | — | (7,429) |
CAD | 3,735,220 | NOK | 25,161,168 | GSI | 3/3/2021 | — | (16,317) |
CAD | 460,000 | USD | 359,877 | BARC | 3/3/2021 | — | (124) |
CAD | 4,030,658 | USD | 3,113,218 | BNP | 3/3/2021 | 39,050 | — |
CAD | 2,193,647 | USD | 1,719,000 | GSI | 3/3/2021 | — | (3,408) |
CAD | 559,000 | USD | 439,672 | JPM | 3/3/2021 | — | (2,493) |
CHF | 95,000 | USD | 108,261 | BNP | 3/3/2021 | — | (1,531) |
CHF | 112,000 | USD | 126,038 | JPM | 3/3/2021 | — | (208) |
DKK | 1,934,000 | USD | 316,780 | BNP | 3/3/2021 | — | (1,056) |
DKK | 14,923,000 | USD | 2,450,205 | GSI | 3/3/2021 | — | (14,036) |
DKK | 3,595,000 | USD | 592,591 | JPM | 3/3/2021 | — | (5,710) |
16 | JOHN HANCOCK MULTI-ASSET ABSOLUTE RETURN FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Contract to buy | Contract to sell | Counterparty (OTC) | Contractual settlement date | Unrealized appreciation | Unrealized depreciation | ||
EUR | 157,000 | AUD | 250,473 | BNP | 3/3/2021 | — | $(814) |
EUR | 163,000 | CAD | 256,518 | BNP | 3/3/2021 | — | (2,692) |
EUR | 564,000 | JPY | 71,353,735 | GSI | 3/3/2021 | $3,466 | — |
EUR | 6,904,000 | JPY | 873,958,125 | JPM | 3/3/2021 | 37,577 | — |
EUR | 1,784,000 | NOK | 18,527,605 | GSI | 3/3/2021 | 3,169 | — |
EUR | 519,934 | USD | 631,667 | BOA | 3/3/2021 | — | (332) |
EUR | 930,242 | USD | 1,132,891 | BARC | 3/3/2021 | — | (3,334) |
EUR | 52,602,103 | USD | 63,664,220 | BNP | 3/3/2021 | 208,425 | — |
EUR | 540,331 | USD | 658,642 | GSI | 3/3/2021 | — | (2,540) |
EUR | 1,877,109 | USD | 2,286,078 | JPM | 3/3/2021 | — | (6,780) |
GBP | 268,000 | AUD | 472,846 | BNP | 3/3/2021 | 5,821 | — |
GBP | 74,622 | EUR | 84,000 | BNP | 3/3/2021 | 259 | — |
GBP | 7,027 | USD | 9,356 | BOA | 3/3/2021 | 273 | — |
GBP | 216,655 | USD | 290,167 | BARC | 3/3/2021 | 6,721 | — |
GBP | 2,507,908 | USD | 3,415,789 | BNP | 3/3/2021 | 20,862 | — |
GBP | 516,384 | USD | 701,250 | GSI | 3/3/2021 | 6,365 | — |
GBP | 837,197 | USD | 1,136,903 | JPM | 3/3/2021 | 10,329 | — |
HKD | 9,100,000 | USD | 1,173,911 | BNP | 3/3/2021 | — | (183) |
HKD | 694,000 | USD | 89,518 | GSI | 3/3/2021 | — | (5) |
JPY | 23,510,562 | AUD | 301,000 | BNP | 3/3/2021 | — | (5,565) |
JPY | 40,068,350 | AUD | 500,000 | GSI | 3/3/2021 | 442 | — |
JPY | 111,374,022 | CAD | 1,376,000 | BNP | 3/3/2021 | — | (12,590) |
JPY | 49,987,214 | EUR | 395,000 | BNP | 3/3/2021 | — | (2,291) |
JPY | 48,352,424 | EUR | 380,000 | JPM | 3/3/2021 | 312 | — |
JPY | 29,095,348 | GBP | 209,000 | JPM | 3/3/2021 | — | (8,558) |
JPY | 48,246,000 | NOK | 4,005,857 | GSI | 3/3/2021 | — | (6,963) |
JPY | 50,399,000 | NOK | 4,240,696 | JPM | 3/3/2021 | — | (13,821) |
JPY | 30,011,000 | SEK | 2,376,371 | GSI | 3/3/2021 | 2,122 | — |
JPY | 44,665,000 | USD | 427,484 | BOA | 3/3/2021 | — | (965) |
JPY | 81,708,000 | USD | 788,749 | BARC | 3/3/2021 | — | (8,496) |
JPY | 57,898,000 | USD | 560,099 | BNP | 3/3/2021 | — | (7,215) |
JPY | 66,660,000 | USD | 641,483 | GSI | 3/3/2021 | — | (4,928) |
JPY | 9,272,171,033 | USD | 89,058,519 | JPM | 3/3/2021 | — | (515,904) |
NOK | 1,143,751 | JPY | 13,911,000 | JPM | 3/3/2021 | 691 | — |
NOK | 1,558,272 | USD | 182,000 | GSI | 3/3/2021 | — | (74) |
NZD | 340,000 | CAD | 307,417 | GSI | 3/3/2021 | 3,904 | — |
NZD | 459,000 | JPY | 34,016,591 | BNP | 3/3/2021 | 5,007 | — |
NZD | 1,281,000 | SEK | 7,654,474 | GSI | 3/3/2021 | 4,263 | — |
SEK | 14,160,055 | AUD | 2,232,000 | GSI | 3/3/2021 | — | (11,042) |
SEK | 6,827,590 | AUD | 1,059,000 | JPM | 3/3/2021 | 7,830 | — |
SEK | 1,682,834 | EUR | 165,000 | BOA | 3/3/2021 | 1,089 | — |
SEK | 2,088,195 | EUR | 204,000 | GSI | 3/3/2021 | 2,257 | — |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTI-ASSET ABSOLUTE RETURN FUND | 17 |
Contract to buy | Contract to sell | Counterparty (OTC) | Contractual settlement date | Unrealized appreciation | Unrealized depreciation | ||
SEK | 5,846,560 | JPY | 73,663,000 | BARC | 3/3/2021 | — | $(3,571) |
SEK | 5,439,558 | JPY | 67,932,000 | GSI | 3/3/2021 | $2,436 | — |
SEK | 32,971,244 | NOK | 33,592,161 | BOA | 3/3/2021 | 24,961 | — |
SEK | 28,502,321 | NOK | 29,075,839 | GSI | 3/3/2021 | 17,286 | — |
SEK | 19,899,939 | USD | 2,337,589 | JPM | 3/3/2021 | 44,518 | — |
USD | 38,086,531 | AUD | 51,666,573 | BOA | 3/3/2021 | — | (1,405,554) |
USD | 195,957 | AUD | 259,204 | BNP | 3/3/2021 | — | (2,169) |
USD | 550,668 | AUD | 718,394 | GSI | 3/3/2021 | 1,553 | — |
USD | 11,283,844 | AUD | 15,302,810 | JPM | 3/3/2021 | — | (413,077) |
USD | 55,960,615 | CAD | 72,471,826 | BNP | 3/3/2021 | — | (717,630) |
USD | 19,619 | CAD | 25,000 | GSI | 3/3/2021 | 67 | — |
USD | 480,441 | CAD | 612,800 | JPM | 3/3/2021 | 1,187 | — |
USD | 198,499 | CHF | 176,000 | BNP | 3/3/2021 | 767 | — |
USD | 4,519,906 | CHF | 4,071,703 | GSI | 3/3/2021 | — | (54,565) |
USD | 102,264 | CHF | 91,000 | JPM | 3/3/2021 | 27 | — |
USD | 20,386,268 | DKK | 125,698,000 | BARC | 3/3/2021 | — | (133,833) |
USD | 332,999 | DKK | 2,038,000 | BNP | 3/3/2021 | 297 | — |
USD | 1,916,752 | DKK | 11,674,000 | GSI | 3/3/2021 | 10,980 | — |
USD | 466,854 | DKK | 2,846,000 | JPM | 3/3/2021 | 2,246 | — |
USD | 1,880,870 | EUR | 1,537,679 | BOA | 3/3/2021 | 13,728 | — |
USD | 1,004,808 | EUR | 822,402 | BARC | 3/3/2021 | 6,197 | — |
USD | 176,801,090 | EUR | 146,216,779 | BNP | 3/3/2021 | — | (744,138) |
USD | 672,633 | EUR | 549,658 | GSI | 3/3/2021 | 5,206 | — |
USD | 2,116,685 | EUR | 1,733,624 | JPM | 3/3/2021 | 11,613 | — |
USD | 247,684 | GBP | 185,825 | BARC | 3/3/2021 | — | (6,956) |
USD | 15,894,632 | GBP | 11,916,179 | BNP | 3/3/2021 | — | (434,419) |
USD | 1,009,584 | GBP | 747,885 | GSI | 3/3/2021 | — | (15,262) |
USD | 889,866 | GBP | 655,022 | JPM | 3/3/2021 | — | (7,728) |
USD | 1,923,768 | HKD | 14,913,000 | BARC | 3/3/2021 | 274 | — |
USD | 607,459 | HKD | 4,709,000 | BNP | 3/3/2021 | 87 | — |
USD | 294,639 | HKD | 2,284,000 | GSI | 3/3/2021 | 47 | — |
USD | 353,388 | JPY | 36,908,000 | BOA | 3/3/2021 | 943 | — |
USD | 489,557 | JPY | 50,651,000 | BARC | 3/3/2021 | 5,876 | — |
USD | 344,317 | JPY | 35,735,000 | BNP | 3/3/2021 | 3,073 | — |
USD | 1,538,461 | JPY | 158,970,387 | GSI | 3/3/2021 | 20,407 | — |
USD | 15,595,834 | JPY | 1,623,323,887 | JPM | 3/3/2021 | 94,250 | — |
USD | 537,711 | NOK | 4,729,598 | BARC | 3/3/2021 | — | (14,463) |
USD | 468,649 | NZD | 660,000 | BARC | 3/3/2021 | — | (5,632) |
USD | 246,169 | NZD | 349,000 | BNP | 3/3/2021 | — | (4,625) |
USD | 16,878,478 | NZD | 23,965,954 | JPM | 3/3/2021 | — | (343,635) |
USD | 23,730,696 | SEK | 201,967,075 | JPM | 3/3/2021 | — | (445,622) |
$687,643 | $(5,440,996) |
18 | JOHN HANCOCK MULTI-ASSET ABSOLUTE RETURN FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Credit default swaps - Buyer | ||||||||||
Counterparty (OTC)/ Centrally cleared | Reference obligation | Notional amount | Currency | USD notional amount |
Pay |
Fixed | Maturity date | Unamortized upfront payment paid (received) | Unrealized appreciation (depreciation) | Value |
Centrally cleared | CDX.NA.HY.35 | 257,000 | USD | $257,000 | 5.000% | Quarterly | Dec 2025 | $(22,346) | $274 | $(22,072) |
Centrally cleared | CDX.NA.HY.35 | 329,000 | USD | 329,000 | 5.000% | Quarterly | Dec 2025 | (28,244) | (12) | (28,256) |
Centrally cleared | CDX.NA.HY.35 | 250,000 | USD | 250,000 | 5.000% | Quarterly | Dec 2025 | (22,053) | 582 | (21,471) |
Centrally cleared | CDX.NA.HY.35 | 250,000 | USD | 250,000 | 5.000% | Quarterly | Dec 2025 | (22,597) | 1,126 | (21,471) |
Centrally cleared | CDX.NA.HY.35 | 328,000 | USD | 328,000 | 5.000% | Quarterly | Dec 2025 | (29,013) | 843 | (28,170) |
Centrally cleared | iTraxx Europe Crossover Series 34 Version 2 | 246,665 | EUR | 302,078 | 5.000% | Quarterly | Dec 2025 | (35,213) | 2,326 | (32,887) |
Centrally cleared | iTraxx Europe Crossover Series 34 Version 2 | 246,665 | EUR | 302,178 | 5.000% | Quarterly | Dec 2025 | (36,454) | 3,567 | (32,887) |
Centrally cleared | iTraxx Europe Crossover Series 34 Version 2 | 246,665 | EUR | 302,126 | 5.000% | Quarterly | Dec 2025 | (35,943) | 3,056 | (32,887) |
Centrally cleared | iTraxx Europe Crossover Series 34 Version 2 | 246,665 | EUR | 302,126 | 5.000% | Quarterly | Dec 2025 | (36,143) | 3,256 | (32,887) |
Centrally cleared | iTraxx Europe Crossover Series 34 Version 2 | 371,971 | EUR | 457,281 | 5.000% | Quarterly | Dec 2025 | (50,730) | 1,137 | (49,593) |
Centrally cleared | iTraxx Europe Crossover Series 34 Version 2 | 246,665 | EUR | 301,561 | 5.000% | Quarterly | Dec 2025 | (34,670) | 1,783 | (32,887) |
Centrally cleared | iTraxx Europe Crossover Series 34 Version 2 | 246,665 | EUR | 301,090 | 5.000% | Quarterly | Dec 2025 | (33,194) | 307 | (32,887) |
Centrally cleared | iTraxx Europe Crossover Series 34 Version 2 | 246,665 | EUR | 297,934 | 5.000% | Quarterly | Dec 2025 | (32,109) | (778) | (32,887) |
Centrally cleared | iTraxx Europe Crossover Series 34 Version 2 | 382,824 | EUR | 462,393 | 5.000% | Quarterly | Dec 2025 | (49,883) | (1,157) | (51,040) |
Centrally cleared | iTraxx Europe Crossover Series 34 Version 2 | 246,665 | EUR | 299,108 | 5.000% | Quarterly | Dec 2025 | (33,578) | 691 | (32,887) |
Centrally cleared | iTraxx Europe Crossover Series 34 Version 2 | 246,665 | EUR | 300,156 | 5.000% | Quarterly | Dec 2025 | (34,432) | 1,545 | (32,887) |
$5,042,031 | $(536,602) | $18,546 | $(518,056) |
Derivatives Currency Abbreviations | |
AUD | Australian Dollar |
CAD | Canadian Dollar |
CHF | Swiss Franc |
DKK | Danish Krone |
EUR | Euro |
GBP | Pound Sterling |
HKD | Hong Kong Dollar |
JPY | Japanese Yen |
NOK | Norwegian Krone |
NZD | New Zealand Dollar |
SEK | Swedish Krona |
USD | U.S. Dollar |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTI-ASSET ABSOLUTE RETURN FUND | 19 |
Derivatives Abbreviations | |
BARC | Barclays Bank PLC |
BNP | BNP Paribas |
BOA | Bank of America, N.A. |
GSI | Goldman Sachs International |
JPM | JPMorgan Chase Bank, N.A. |
OTC | Over-the-counter |
20 | JOHN HANCOCK MULTI-ASSET ABSOLUTE RETURN FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Assets | |
Unaffiliated investments, at value (Cost $359,427,731) | $415,355,436 |
Receivable for centrally cleared swaps | 850 |
Unrealized appreciation on forward foreign currency contracts | 687,643 |
Receivable for futures variation margin | 2,059,600 |
Cash | 11,643,866 |
Foreign currency, at value (Cost $3,454,626) | 3,439,063 |
Collateral held at broker for futures contracts | 6,978,999 |
Dividends and interest receivable | 3,006,670 |
Receivable for fund shares sold | 55,491 |
Receivable for investments sold | 521,106 |
Other assets | 124,090 |
Total assets | 443,872,814 |
Liabilities | |
Unrealized depreciation on forward foreign currency contracts | 5,440,996 |
Payable for investments purchased | 1,008,817 |
Payable for fund shares repurchased | 1,145,471 |
Payable to affiliates | |
Accounting and legal services fees | 22,856 |
Transfer agent fees | 27,677 |
Distribution and service fees | 215 |
Trustees' fees | 469 |
Other liabilities and accrued expenses | 227,999 |
Total liabilities | 7,874,500 |
Net assets | $435,998,314 |
Net assets consist of | |
Paid-in capital | $981,505,711 |
Total distributable earnings (loss) | (545,507,397) |
Net assets | $435,998,314 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK Multi-Asset Absolute Return Fund | 21 |
Net asset value per share | |
Based on net asset value and shares outstanding - the fund has an unlimited number of shares authorized with no par value | |
Class A ($39,512,440 ÷ 4,297,449 shares)1 | $9.19 |
Class C ($24,945,954 ÷ 2,784,602 shares)1 | $8.96 |
Class I ($199,787,207 ÷ 21,450,240 shares) | $9.31 |
Class R2 ($1,308,611 ÷ 143,019 shares) | $9.15 |
Class R6 ($117,117,068 ÷ 12,521,337 shares) | $9.35 |
Class NAV ($53,327,034 ÷ 5,704,718 shares) | $9.35 |
Maximum offering price per share | |
Class A (net asset value per share ÷ 95%)2 | $9.67 |
1 | Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
2 | On single retail sales of less than $50,000. On sales of $50,000 or more and on group sales the offering price is reduced. |
22 | JOHN HANCOCK Multi-Asset Absolute Return Fund | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Investment income | |
Dividends | $3,504,500 |
Interest | 109,723 |
Less foreign taxes withheld | (111,577) |
Total investment income | 3,502,646 |
Expenses | |
Investment management fees | 2,349,003 |
Distribution and service fees | 217,920 |
Accounting and legal services fees | 33,145 |
Transfer agent fees | 172,372 |
Trustees' fees | 5,026 |
Custodian fees | 92,963 |
State registration fees | 40,524 |
Printing and postage | 34,852 |
Professional fees | 138,656 |
Other | 46,854 |
Total expenses | 3,131,315 |
Less expense reductions | (17,663) |
Net expenses | 3,113,652 |
Net investment income | 388,994 |
Realized and unrealized gain (loss) | |
Net realized gain (loss) on | |
Unaffiliated investments and foreign currency transactions | 13,598,590 |
Realized loss on investments not meeting investment restrictions | (41,616) |
Payment from investment advisor for loss on investments not meeting investment restrictions | 41,616 |
Futures contracts | (25,231,014) |
Forward foreign currency contracts | (20,897,796) |
Swap contracts | (95,823) |
(32,626,043) | |
Change in net unrealized appreciation (depreciation) of | |
Unaffiliated investments and translation of assets and liabilities in foreign currencies | 28,700,782 |
Futures contracts | 6,279,191 |
Forward foreign currency contracts | 7,110,410 |
Swap contracts | 18,546 |
42,108,929 | |
Net realized and unrealized gain | 9,482,886 |
Increase in net assets from operations | $9,871,880 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK Multi-Asset Absolute Return Fund | 23 |
Six months ended 1-31-21 (unaudited) | Year ended 7-31-20 | |
Increase (decrease) in net assets | ||
From operations | ||
Net investment income | $388,994 | $5,228,994 |
Net realized gain (loss) | (32,626,043) | 30,321,603 |
Change in net unrealized appreciation (depreciation) | 42,108,929 | (29,870,970) |
Increase in net assets resulting from operations | 9,871,880 | 5,679,627 |
Distributions to shareholders | ||
From earnings | ||
Class A | (201,834) | (7,249,302) |
Class C | — | (7,396,250) |
Class I | (1,631,793) | (74,709,636) |
Class R2 | (6,204) | (106,878) |
Class R6 | (1,071,864) | (22,147,213) |
Class NAV | (490,529) | (4,683,945) |
Total distributions | (3,402,224) | (116,293,224) |
From fund share transactions | (79,597,465) | (200,760,016) |
Total decrease | (73,127,809) | (311,373,613) |
Net assets | ||
Beginning of period | 509,126,123 | 820,499,736 |
End of period | $435,998,314 | $509,126,123 |
24 | JOHN HANCOCK Multi-Asset Absolute Return Fund | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS A SHARES Period ended | 1-31-211 | 7-31-20 | 7-31-19 | 7-31-18 | 7-31-17 | 7-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $9.06 | $10.54 | $10.12 | $10.30 | $9.94 | $11.27 |
Net investment income2 | —3 | 0.06 | 0.20 | 0.14 | 0.06 | 0.04 |
Net realized and unrealized gain (loss) on investments | 0.18 | 0.02 | 0.22 | (0.32) | 0.30 | (0.69) |
Total from investment operations | 0.18 | 0.08 | 0.42 | (0.18) | 0.36 | (0.65) |
Less distributions | ||||||
From net investment income | (0.05) | (1.56) | — | — | — | (0.68) |
Net asset value, end of period | $9.19 | $9.06 | $10.54 | $10.12 | $10.30 | $9.94 |
Total return (%)4,5 | 2.066 | 0.89 | 4.15 | (1.75) | 3.62 | (6.00) |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $40 | $41 | $51 | $114 | $194 | $1,047 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 1.617 | 1.53 | 1.69 | 1.65 | 1.65 | 1.64 |
Expenses including reductions | 1.607 | 1.52 | 1.69 | 1.64 | 1.64 | 1.63 |
Net investment income (loss) | (0.08)7 | 0.65 | 2.02 | 1.35 | 0.57 | 0.34 |
Portfolio turnover (%) | 28 | 2178 | 50 | 59 | 59 | 80 |
1 | Six months ended 1-31-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Less than $0.005 per share. |
4 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
5 | Does not reflect the effect of sales charges, if any. |
6 | Not annualized. |
7 | Annualized. |
8 | Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK Multi-Asset Absolute Return Fund | 25 |
CLASS C SHARES Period ended | 1-31-211 | 7-31-20 | 7-31-19 | 7-31-18 | 7-31-17 | 7-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $8.81 | $10.29 | $9.95 | $10.19 | $9.91 | $11.23 |
Net investment income (loss)2 | (0.03) | (0.01) | 0.13 | 0.06 | —3 | (0.04) |
Net realized and unrealized gain (loss) on investments | 0.18 | 0.01 | 0.21 | (0.30) | 0.28 | (0.67) |
Total from investment operations | 0.15 | — | 0.34 | (0.24) | 0.28 | (0.71) |
Less distributions | ||||||
From net investment income | — | (1.48) | — | — | — | (0.61) |
Net asset value, end of period | $8.96 | $8.81 | $10.29 | $9.95 | $10.19 | $9.91 |
Total return (%)4,5 | 1.596 | 0.23 | 3.42 | (2.36) | 2.83 | (6.61) |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $25 | $34 | $52 | $91 | $162 | $309 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 2.317 | 2.23 | 2.39 | 2.35 | 2.35 | 2.34 |
Expenses including reductions | 2.307 | 2.22 | 2.39 | 2.34 | 2.34 | 2.33 |
Net investment income (loss) | (0.77)7 | (0.07) | 1.35 | 0.61 | (0.05) | (0.35) |
Portfolio turnover (%) | 28 | 2178 | 50 | 59 | 59 | 80 |
1 | Six months ended 1-31-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Less than $0.005 per share. |
4 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
5 | Does not reflect the effect of sales charges, if any. |
6 | Not annualized. |
7 | Annualized. |
8 | Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. |
26 | JOHN HANCOCK Multi-Asset Absolute Return Fund | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS I SHARES Period ended | 1-31-211 | 7-31-20 | 7-31-19 | 7-31-18 | 7-31-17 | 7-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $9.19 | $10.67 | $10.22 | $10.36 | $9.97 | $11.30 |
Net investment income2 | 0.01 | 0.09 | 0.22 | 0.17 | 0.10 | 0.07 |
Net realized and unrealized gain (loss) on investments | 0.18 | 0.02 | 0.23 | (0.31) | 0.29 | (0.68) |
Total from investment operations | 0.19 | 0.11 | 0.45 | (0.14) | 0.39 | (0.61) |
Less distributions | ||||||
From net investment income | (0.07) | (1.59) | — | — | — | (0.72) |
Net asset value, end of period | $9.31 | $9.19 | $10.67 | $10.22 | $10.36 | $9.97 |
Total return (%)3 | 2.224 | 1.22 | 4.40 | (1.35) | 3.91 | (5.67) |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $200 | $274 | $535 | $2,413 | $3,481 | $5,316 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 1.315 | 1.23 | 1.41 | 1.35 | 1.33 | 1.32 |
Expenses including reductions | 1.305 | 1.22 | 1.40 | 1.35 | 1.33 | 1.31 |
Net investment income | 0.225 | 0.95 | 2.21 | 1.66 | 1.01 | 0.67 |
Portfolio turnover (%) | 28 | 2176 | 50 | 59 | 59 | 80 |
1 | Six months ended 1-31-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
6 | Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK Multi-Asset Absolute Return Fund | 27 |
CLASS R2 SHARES Period ended | 1-31-211 | 7-31-20 | 7-31-19 | 7-31-18 | 7-31-17 | 7-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $9.01 | $10.49 | $10.08 | $10.27 | $9.92 | $11.25 |
Net investment income (loss)2 | (0.01) | 0.06 | 0.20 | 0.12 | 0.08 | 0.01 |
Net realized and unrealized gain (loss) on investments | 0.19 | 0.01 | 0.21 | (0.31) | 0.27 | (0.66) |
Total from investment operations | 0.18 | 0.07 | 0.41 | (0.19) | 0.35 | (0.65) |
Less distributions | ||||||
From net investment income | (0.04) | (1.55) | — | — | — | (0.68) |
Net asset value, end of period | $9.15 | $9.01 | $10.49 | $10.08 | $10.27 | $9.92 |
Total return (%)3 | 2.054 | 0.82 | 4.07 | (1.85) | 3.53 | (6.08) |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $1 | $1 | $1 | $1 | $2 | $3 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 1.655 | 1.58 | 1.78 | 1.75 | 1.72 | 1.75 |
Expenses including reductions | 1.645 | 1.57 | 1.77 | 1.74 | 1.71 | 1.74 |
Net investment income (loss) | (0.12)5 | 0.62 | 1.99 | 1.17 | 0.78 | 0.09 |
Portfolio turnover (%) | 28 | 2176 | 50 | 59 | 59 | 80 |
1 | Six months ended 1-31-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
6 | Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. |
28 | JOHN HANCOCK Multi-Asset Absolute Return Fund | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS R6 SHARES Period ended | 1-31-211 | 7-31-20 | 7-31-19 | 7-31-18 | 7-31-17 | 7-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $9.23 | $10.71 | $10.24 | $10.38 | $9.97 | $11.30 |
Net investment income2 | 0.02 | 0.10 | 0.24 | 0.19 | 0.11 | 0.09 |
Net realized and unrealized gain (loss) on investments | 0.18 | 0.02 | 0.23 | (0.33) | 0.30 | (0.69) |
Total from investment operations | 0.20 | 0.12 | 0.47 | (0.14) | 0.41 | (0.60) |
Less distributions | ||||||
From net investment income | (0.08) | (1.60) | — | — | — | (0.73) |
Net asset value, end of period | $9.35 | $9.23 | $10.71 | $10.24 | $10.38 | $9.97 |
Total return (%)3 | 2.214 | 1.34 | 4.59 | (1.35) | 4.11 | (5.55) |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $117 | $106 | $150 | $546 | $693 | $639 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 1.205 | 1.12 | 1.29 | 1.26 | 1.24 | 1.23 |
Expenses including reductions | 1.195 | 1.11 | 1.29 | 1.24 | 1.22 | 1.20 |
Net investment income | 0.335 | 1.05 | 2.33 | 1.79 | 1.08 | 0.81 |
Portfolio turnover (%) | 28 | 2176 | 50 | 59 | 59 | 80 |
1 | Six months ended 1-31-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
6 | Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK Multi-Asset Absolute Return Fund | 29 |
CLASS NAV SHARES Period ended | 1-31-211 | 7-31-20 | 7-31-19 | 7-31-18 | 7-31-17 | 7-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $9.23 | $10.71 | $10.23 | $10.37 | $9.96 | $11.29 |
Net investment income2 | 0.02 | 0.10 | 0.21 | 0.19 | 0.11 | 0.08 |
Net realized and unrealized gain (loss) on investments | 0.19 | 0.02 | 0.27 | (0.33) | 0.30 | (0.68) |
Total from investment operations | 0.21 | 0.12 | 0.48 | (0.14) | 0.41 | (0.60) |
Less distributions | ||||||
From net investment income | (0.09) | (1.60) | — | — | — | (0.73) |
Net asset value, end of period | $9.35 | $9.23 | $10.71 | $10.23 | $10.37 | $9.96 |
Total return (%)3 | 2.224 | 1.34 | 4.59 | (1.35) | 4.12 | (5.56) |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $53 | $53 | $32 | $643 | $936 | $1,119 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 1.195 | 1.11 | 1.28 | 1.24 | 1.22 | 1.21 |
Expenses including reductions | 1.185 | 1.10 | 1.27 | 1.23 | 1.22 | 1.20 |
Net investment income | 0.345 | 1.10 | 2.07 | 1.81 | 1.12 | 0.75 |
Portfolio turnover (%) | 28 | 2176 | 50 | 59 | 59 | 80 |
1 | Six months ended 1-31-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
6 | Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. |
30 | JOHN HANCOCK Multi-Asset Absolute Return Fund | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
SEMIANNUAL REPORT | JOHN HANCOCK Multi-Asset Absolute Return Fund | 31 |
Total value at 1-31-21 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
Common stocks | ||||
Brazil | $414,630 | $414,630 | — | — |
Canada | 7,674,659 | 7,674,659 | — | — |
China | 11,409,926 | 1,393,019 | $9,980,325 | $36,582 |
Denmark | 6,295,918 | — | 6,295,918 | — |
France | 10,478,177 | — | 10,478,177 | — |
Germany | 8,662,157 | — | 8,662,157 | — |
Hong Kong | 5,103,099 | — | 5,103,099 | — |
India | 7,150,143 | 6,560,446 | 589,697 | — |
Indonesia | 1,270,356 | — | 1,270,356 | — |
Ireland | 10,976,564 | 10,976,564 | — | — |
Israel | 3,829,901 | 3,829,901 | — | — |
Japan | 13,190,273 | — | 13,190,273 | — |
Mexico | 476,158 | 476,158 | — | — |
Peru | 622,817 | 622,817 | — | — |
Philippines | 147,866 | — | 147,866 | — |
32 | JOHN HANCOCK Multi-Asset Absolute Return Fund | SEMIANNUAL REPORT |
Total value at 1-31-21 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
South Africa | $4,314,852 | — | $4,314,852 | — |
South Korea | 8,298,623 | $381,341 | 7,917,282 | — |
Switzerland | 5,367,780 | 1,062,226 | 4,305,554 | — |
Taiwan | 3,236,545 | — | 3,236,545 | — |
Thailand | 1,002,071 | — | 1,002,071 | — |
Turkey | 1,407,420 | — | 1,407,420 | — |
United Kingdom | 5,978,784 | — | 5,978,784 | — |
United States | 209,009,963 | 209,009,963 | — | — |
Preferred securities | 396,055 | 396,055 | — | — |
U.S. Government and Agency obligations | 46,876,329 | — | 46,876,329 | — |
Corporate bonds | 41,764,370 | — | 41,764,370 | — |
Total investments in securities | $415,355,436 | $242,797,779 | $172,521,075 | $36,582 |
Derivatives: | ||||
Assets | ||||
Futures | $326,503 | $326,503 | — | — |
Forward foreign currency contracts | 687,643 | — | $687,643 | — |
Liabilities | ||||
Futures | (2,109,672) | (2,109,672) | — | — |
Forward foreign currency contracts | (5,440,996) | — | (5,440,996) | — |
Swap contracts | (518,056) | — | (518,056) | — |
SEMIANNUAL REPORT | JOHN HANCOCK Multi-Asset Absolute Return Fund | 33 |
34 | JOHN HANCOCK Multi-Asset Absolute Return Fund | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK Multi-Asset Absolute Return Fund | 35 |
36 | JOHN HANCOCK Multi-Asset Absolute Return Fund | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK Multi-Asset Absolute Return Fund | 37 |
Risk | Statement of assets and liabilities location | Financial instruments location | Assets derivatives fair value | Liabilities derivatives fair value |
Interest rate | Receivable/payable for futures variation margin1 | Futures | $40,401 | $(62,708) |
Equity | Receivable/payable for futures variation margin1 | Futures | 286,102 | (2,046,964) |
Currency | Unrealized appreciation (depreciation) on forward foreign currency contracts | Forward foreign currency contracts | 687,643 | (5,440,996) |
Credit | Swap contracts, at value2 | Credit default swaps | — | (518,056) |
$1,014,146 | $(8,068,724) |
1 | Reflects cumulative appreciation/depreciation on futures as disclosed in Fund's investments. Only the period end variation margin is separately disclosed on the Statement of assets and liabilities. |
2 | Reflects cumulative value of swap contracts. Receivable/payable for centrally cleared swaps, which includes value and margin, are shown separately on the Statement of assets and liabilities. |
Statement of operations location - Net realized gain (loss) on: | ||||
Risk | Futures contracts | Forward foreign currency contracts | Swap contracts | Total |
Interest rate | $(466,416) | — | — | $(466,416) |
Currency | — | $(20,897,796) | — | (20,897,796) |
Credit | — | — | $(95,823) | (95,823) |
Equity | (24,764,598) | — | — | (24,764,598) |
Total | $(25,231,014) | $(20,897,796) | $(95,823) | $(46,224,633) |
Statement of operations location - Change in net unrealized appreciation (depreciation) of: | ||||
Risk | Futures contracts | Forward foreign currency contracts | Swap contracts | Total |
Interest rate | $(104,441) | — | — | $(104,441) |
38 | JOHN HANCOCK Multi-Asset Absolute Return Fund | SEMIANNUAL REPORT |
Statement of operations location - Change in net unrealized appreciation (depreciation) of: | ||||
Risk | Futures contracts | Forward foreign currency contracts | Swap contracts | Total |
Currency | — | $7,110,410 | — | $7,110,410 |
Credit | — | — | $18,546 | 18,546 |
Equity | $6,383,632 | — | — | 6,383,632 |
Total | $6,279,191 | $7,110,410 | $18,546 | $13,408,147 |
Class | Expense reduction |
Class A | $1,534 |
Class C | 1,185 |
Class I | 8,201 |
Class R2 | 48 |
Class | Expense reduction |
Class R6 | $4,613 |
Class NAV | 2,082 |
Total | $17,663 |
SEMIANNUAL REPORT | JOHN HANCOCK Multi-Asset Absolute Return Fund | 39 |
Class | Rule 12b-1 Fee | Service fee |
Class A | 0.30% | — |
Class C | 1.00% | — |
Class R2 | 0.25% | 0.25% |
40 | JOHN HANCOCK Multi-Asset Absolute Return Fund | SEMIANNUAL REPORT |
Class | Distribution and service fees | Transfer agent fees |
Class A | $59,929 | $23,225 |
Class C | 155,239 | 18,152 |
Class I | — | 124,366 |
Class R2 | 2,752 | 68 |
Class R6 | — | 6,561 |
Total | $217,920 | $172,372 |
Borrower or Lender | Weighted Average Loan Balance | Days Outstanding | Weighted Average Interest Rate | Interest Income (Expense) |
Borrower | $5,900,000 | 1 | 0.675% | $(111) |
Six Months Ended 1-31-21 | Year Ended 7-31-20 | |||
Shares | Amount | Shares | Amount | |
Class A shares | ||||
Sold | 658,626 | $6,103,137 | 1,370,943 | $12,625,671 |
Distributions reinvested | 20,878 | 194,379 | 796,538 | 7,136,984 |
Repurchased | (891,145) | (8,199,277) | (2,502,264) | (22,921,442) |
Net decrease | (211,641) | $(1,901,761) | (334,783) | $(3,158,787) |
Class C shares | ||||
Sold | 11,918 | $106,346 | 88,041 | $771,414 |
Distributions reinvested | — | — | 814,617 | 7,144,191 |
Repurchased | (1,121,114) | (10,053,861) | (2,105,197) | (18,801,105) |
Net decrease | (1,109,196) | $(9,947,515) | (1,202,539) | $(10,885,500) |
SEMIANNUAL REPORT | JOHN HANCOCK Multi-Asset Absolute Return Fund | 41 |
Six Months Ended 1-31-21 | Year Ended 7-31-20 | |||
Shares | Amount | Shares | Amount | |
Class I shares | ||||
Sold | 1,638,022 | $15,270,961 | 5,780,977 | $53,887,102 |
Distributions reinvested | 171,383 | 1,616,141 | 7,893,841 | 71,518,197 |
Repurchased | (10,192,291) | (94,301,046) | (33,972,928) | (314,904,391) |
Net decrease | (8,382,886) | $(77,413,944) | (20,298,110) | $(189,499,092) |
Class R2 shares | ||||
Sold | 15,271 | $140,309 | 90,799 | $811,751 |
Distributions reinvested | 601 | 5,568 | 10,220 | 91,053 |
Repurchased | (4,888) | (44,558) | (37,729) | (343,252) |
Net increase | 10,984 | $101,319 | 63,290 | $559,552 |
Class R6 shares | ||||
Sold | 1,841,526 | $17,052,808 | 579,178 | $5,385,610 |
Distributions reinvested | 98,257 | 929,509 | 2,302,851 | 20,909,885 |
Repurchased | (886,834) | (8,271,984) | (5,403,898) | (49,987,159) |
Net increase (decrease) | 1,052,949 | $9,710,333 | (2,521,869) | $(23,691,664) |
Class NAV shares | ||||
Sold | 154,751 | $1,433,848 | 4,062,435 | $37,739,005 |
Distributions reinvested | 51,908 | 490,529 | 515,853 | 4,683,945 |
Repurchased | (221,551) | (2,070,274) | (1,803,744) | (16,507,475) |
Net increase (decrease) | (14,892) | $(145,897) | 2,774,544 | $25,915,475 |
Total net decrease | (8,654,682) | $(79,597,465) | (21,519,467) | $(200,760,016) |
Fund | Affiliated Concentration |
John Hancock Funds II Alternative Asset Allocation | 12.2% |
42 | JOHN HANCOCK Multi-Asset Absolute Return Fund | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK Multi-Asset Absolute Return Fund | 43 |
Steven R. Pruchansky, Vice Chairperson
Andrew G. Arnott†
Charles L. Bardelis*
James R. Boyle
Peter S. Burgess
*William H. Cunningham
Grace K. Fey
Marianne Harrison†
Deborah C. Jackson
James M. Oates*
Frances G. Rathke*,1
Gregory A. Russo
President
Chief Financial Officer
Treasurer
Secretary and Chief Legal Officer
Chief Compliance Officer
Kurt Kongsted
Dr. Claus Vorm
You can also contact us: | ||
800-225-5291 | Regular mail: | Express mail: |
jhinvestments.com | John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 | John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
44 | JOHN HANCOCK MULTI-ASSET ABSOLUTE RETURN FUND | SEMIANNUAL REPORT |
Communications ETF
GOVERNANCE FUNDS
representing one of America’s most trusted brands, with a heritage of
financial stewardship dating back to 1862. Helping our shareholders
pursue their financial goals is at the core of everything we do. It’s why
we support the role of professional financial advice and operate with
the highest standards of conduct and integrity.
We search the world to find proven portfolio teams with specialized
expertise for every strategy we offer, then we apply robust investment
oversight to ensure they continue to meet our uncompromising
standards and serve the best interests of our shareholders.
a diverse set of investments backed by some of the world’s best
managers, along with strong risk-adjusted returns across asset classes.
200 Berkeley Street ■ Boston, MA 02116-5010 ■ 800-225-5291 ■ jhinvestments.com
MF1516379 | 395SA 1/21 |
ITEM 2. CODE OF ETHICS.
(a)Not Applicable
(b)Not Applicable
(c)Not Applicable
(d)Not Applicable
(e)Not Applicable
(f)Not Applicable
ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.
Not Applicable
ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.
(a)Not Applicable
(b)Not Applicable
(c)Not Applicable
(d)Not Applicable
(e)Not Applicable
(f)Not Applicable.
(g)Not Applicable
(h)Not Applicable
ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS
Not Applicable.
ITEM 6. SCHEDULE OF INVESTMENTS.
(a)Included with Item 1.
(b)Not Applicable.
ITEM 7. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not Applicable.
ITEM 8. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not Applicable.
ITEM 9. PURCHASE OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANIES AND AFFILIATED PURCHASERS.
Not Applicable.
ITEM 10. SUBMISSION OF MATTERS TO VOTE OF SECURITY HOLDERS.
Not Applicable.
ITEM 11. CONTROLS AND PROCEDURES.
(a)EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES. The Registrant maintains disclosure controls and procedures that are designed to ensure that information required to be disclosed in this Form N-CSR is recorded, processed, summarized and reported within the periods specified in the rules and forms of the Securities and Exchange Commission. Such disclosure controls and procedures include controls and procedures designed to ensure that such information is accumulated and communicated to the Registrant's management, including its principal executive officer and principal financial officer, as appropriate, to allow timely decisions regarding required disclosure.
Within 90 days prior to the filing date of this Form N-CSR, the Registrant had carried out an evaluation, under the
supervision and with the participation of the Registrant's management, including the Registrant's principal executive officer and the Registrant's principal financial officer, of the effectiveness of the design and operation of the Registrant's disclosure controls and procedures relating to information required to be disclosed on Form N-CSR. Based on such evaluation, the Registrant's principal executive officer and principal financial officer concluded that the Registrant's disclosure controls and procedures are operating effectively to ensure that:
(i)information required to be disclosed in this Form N-CSR is recorded, processed, summarized and reported within the periods specified in the rules and forms of the Securities and Exchange Commission, and
(ii)information is accumulated and communicated to the Registrant's management, including its principal executive officer and principal financial officer, as appropriate, to allow timely decisions regarding required disclosure.
(b) CHANGE IN REGISTRANT'S INTERNAL CONTROL: Not Applicable.
ITEM 12. DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 13. EXHIBITS.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
JOHN HANCOCK FUNDS II
/s/ Andrew G. Arnott
Andrew G. Arnott
President
Date: March 5, 2021
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
/s/ Andrew G. Arnott
Andrew G. Arnott
President
Date: March 5, 2021
/s/ Charles A. Rizzo
Charles A. Rizzo
Chief Financial Officer
Date: March 5, 2021