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 02116
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(Address of principal executive offices) (Zip code)
SALVATORE SCHIAVONE, 200 Berkeley Street, BOSTON, MA 02116
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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: August 31
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Date of reporting period: August 31, 2021
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ITEM 1. REPORTS TO STOCKHOLDERS.
The Registrant prepared thirteen annual reports to shareholders for the period ended August 31, 2021 for series of John Hancock Funds II with August 31 fiscal year end. The first report applies to 5 John Hancock Multi-Index Lifestyle Portfolios, the second report applies to John Hancock Alternative Asset Allocation Fund, the third report applies to the John Hancock Blue Chip Growth Fund, the fourth report applies to the John Hancock Equity Income Fund, the fifth report applies to the John Hancock Small Cap Value Fund, the sixth report applies to the John Hancock Fundamental Global Franchise Fund, the seventh report applies to the John Hancock Small Cap Growth Fund, the eighth report applies to the John Hancock International Small Company Fund, the ninth report applies to the John Hancock Real Estate Securities Fund, the tenth report applies to the John Hancock Emerging Markets Fund, the eleventh report applies to the John Hancock the Multi-Asset High Income Fund, the twelfth report applies to the John Hancock Emerging Markets Debt Fund, and the thirteenth report applies to the John Hancock New Opportunities Fund.
Annual report
John Hancock
Multi-Index
Lifestyle
Portfolios
Asset allocation
August 31, 2021
A message to shareholders
Dear shareholder,
Equity markets performed well during the 12 months ended August 31, 2021, despite periodic bouts of volatility. The gradual rollout of vaccines for COVID-19 fostered expectations for strength in both economic growth and corporate earnings. The fiscal stimulus programs passed in the United States provided further fuel for investor sentiment worldwide. Performance in the equity markets cooled somewhat during the summer due to concerns about a more contagious COVID-19 variant, rising inflation, and slower economic data in China.
Bond market performance was mixed as interest-rate-sensitive segments—particularly longer-term U.S. Treasuries—came under pressure from rising inflation and concerns that the U.S. Federal Reserve could begin to raise interest rates by the end of the year. Credit-oriented fixed-income investments, primarily high-yield bonds, posted stronger results thanks to improving corporate balance sheets and investors' heightened demand for yield.
In these uncertain times, your financial professional can assist with positioning your portfolio so that it's sufficiently diversified to help meet your long-term objectives and to withstand the inevitable bouts of market volatility along the way.
On behalf of everyone at John Hancock Investment Management, I'd like to take this opportunity to welcome new shareholders and thank existing shareholders for the continued trust you've placed in us.
Sincerely,
Andrew G. Arnott
President and CEO,
John Hancock Investment Management
Head of Wealth and Asset Management,
United States and Europe
This commentary reflects the CEO's views as of this report's period end and are subject to change at any time. Diversification does not guarantee investment returns and does not eliminate risk of loss. All investments entail risks, including the possible loss of principal. For more up-to-date information, you can visit our website at jhinvestments.com.
John Hancock
Multi-Index Lifestyle Portfolios
Table of contents
2Multi-Index Lifestyle Portfolios at a glance
5Manager's discussion of portfolio performance
7Multi-Index Lifestyle Aggressive Portfolio
8Multi-Index Lifestyle Growth Portfolio
9Multi-Index Lifestyle Balanced Portfolio
10Multi-Index Lifestyle Moderate Portfolio
11Multi-Index Lifestyle Conservative Portfolio
27Notes to financial statements
37Report of independent registered public accounting firm
39Evaluation of advisory and subadvisory agreements by the Board of Trustees
ANNUAL REPORT | JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS 1
Multi-Index Lifestyle Portfolios at a glance
PERFORMANCE HIGHLIGHTS OVER THE LAST TWELVE MONTHS
Most asset classes posted gains for the period
The rollout of COVID-19 vaccines, accommodative central bank policies, and the sizable fiscal stimulus provided by the U.S. government contributed to robust investor sentiment.
The portfolios outpaced their respective benchmarks prior to any applicable sales charges
Favorable asset allocation in fixed income and certain equity sectors were key contributors.
Allocations to certain strategies and sectors detracted
The portfolios' investments in defensive sectors and U.S. Treasury Inflation-Protected Securities were among the laggards.
PORTFOLIO ALLOCATION AS OF 8/31/2021 (% of net assets)
HIGHER POTENTIAL RETURN AND RISK
Multi-Index Lifestyle Aggressive Portfolio
| Equity | 98.3 |
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| Fixed income | 0.7 |
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| U.S. Government | 1.0 |
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Multi-Index Lifestyle Growth Portfolio
| Equity | 81.0 |
| Fixed income | 15.1 |
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| U.S. Government | 3.9 |
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Multi-Index Lifestyle Balanced Portfolio
| Equity | 61.5 |
| Fixed income | 30.5 |
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| U.S. Government | 7.9 |
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| Short-term investments and other | 0.1 |
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Multi-Index Lifestyle Moderate Portfolio
| Equity | 41.7 |
| Fixed income | 49.9 |
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| U.S. Government | 8.2 |
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| Short-term investments and other | 0.2 |
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Multi-Index Lifestyle Conservative Portfolio
| Equity | 21.3 |
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| Fixed income | 69.7 |
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| U.S. Government | 8.9 |
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| Short-term investments and other | 0.1 |
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LOWER POTENTIAL RETURN AND RISK
2 JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS | ANNUAL REPORT
AVERAGE ANNUAL TOTAL RETURNS AS OF 8/31/2021 (%)
Multi-Index Lifestyle Aggressive Portfolio
Class A shares (without sales charge)
Morningstar U.S. Aggressive Target Allocation Index
Morningstar 85%+ equity allocation fund category average
29.83 28.45 31.03
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| 13.24 |
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| 13.68 |
| 15.01 | 12.83 |
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| 12.30 |
| 10.48 |
| 11.61 |
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1 year | 3 year |
Multi-Index Lifestyle Growth Portfolio
Class A shares (without sales charge)
Morningstar U.S. Moderately Aggressive Target Allocation Index Morningstar 70-85% equity allocation fund category average
5 year | Since inception |
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24.30 23.35
25.51
12.08 13.42
10.72
11.75 | 13.02 |
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| 10.79 | 9.25 | 10.28 | ||||
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1 year | 3 year |
Multi-Index Lifestyle Balanced Portfolio
Class A shares (without sales charge)
Morningstar U.S. Moderate Target Allocation Index Morningstar 50-70% equity allocation fund category average
21.02
18.85 18.03
11.92
10.66 10.75
5 year | Since inception |
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9.79 | 11.07 | 9.92 |
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1 year | 3 year | 5 year | Since inception |
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ANNUAL REPORT | JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS 3
AVERAGE ANNUAL TOTAL RETURNS AS OF 8/31/2021 (%)
Multi-Index Lifestyle Moderate Portfolio
Class A shares (without sales charge)
Morningstar U.S. Moderately Conservative Target Allocation Index Morningstar 30-50% equity allocation fund category average
13.98
12.50
11.67
8.86 9.43
7.89
7.49 | 8.15 |
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| 6.90 | 6.38 | |||||
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1 year | 3 year | 5 year | Since inception |
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Multi-Index Lifestyle Conservative Portfolio
Class A shares (without sales charge)
Morningstar U.S. Conservative Target Allocation Index
Morningstar 15-30% equity allocation fund category average
| 8.70 |
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7.07 | 7.15 | 7.49 |
| 6.59 |
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5.95 | 5.93 |
| 5.34 |
4.83
5.47
4.98
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1 year | 3 year | 5 year |
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Class A shares were first offered on 4-26-21. Returns prior to this date are those of Class 1 shares that have not been adjusted for class-specific expenses; otherwise returns would vary.
The Morningstar Target Allocation Index family consists of indexes that offer a diversified mix of stocks and bonds created for local investors to benchmark their allocation funds. Morningstar's category classification system defines the level of equity and bond exposure for each index.
The Morningstar U.S. Aggressive Target Allocation Index seeks 92.5% exposure to global equity markets.
The Morningstar U.S. Moderately Aggressive Target Allocation Index seeks 77.5% exposure to global equity markets. The Morningstar U.S. Moderate Target Allocation Index seeks 60% exposure to global equity markets.
The Morningstar U.S. Moderately Conservative Target Allocation Index seeks 40% exposure to global equity markets. The Morningstar U.S. Conservative Target Allocation Index seeks 22.5% exposure to global equity markets.
It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.
The fund's Morningstar category average is a group of funds with similar investment objectives and strategies and is the equal-weighted return of all funds per category. Morningstar places funds in certain categories based on their historical portfolio holdings. Figures from Morningstar, Inc. include reinvested distributions and do not take into account sales charges. Actual load-adjusted performance is lower. Since inception returns for the Morningstar fund category average are not available.
The past performance shown here reflects reinvested distributions and the beneficial effect of any expense reductions, and does not guarantee future results. Returns for periods shorter than one year are cumulative, and results for other share classes will vary. Shares will fluctuate in value and, when redeemed, may be worth more or less than their original cost. Current month-end performance may be lower or higher than the performance cited, and can be found at jhinvestments.com or by calling 800-225-5291. For further information on the portfolios' objectives, risks, and strategy, see the portfolios' prospectuses.
4 JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS | ANNUAL REPORT
Manager's discussion of portfolio performance
Can you describe investment conditions during the 12 months ended August 31, 2021?
Several factors combined to fuel strong gains for the world financial markets in the annual period. First was the rollout of the COVID-19 vaccines and the gradual return to normal business conditions. Growth accelerated from its depressed levels of 2020 as the economy reopened, leading to impressive gains in corporate earnings.
The markets were further aided by the highly accommodative approach of the U.S. Federal Reserve (Fed) and other world central banks, highlighted by a continuation of the stimulative interest-rate and quantitative easing policies put in place during the early stages of the pandemic. U.S. fiscal policy, which featured both multiple spending packages and direct checks to citizens, was another source of support for investor sentiment. Together, these factors helped the markets overcome brief bouts of volatility stemming from increasing inflation and supply chain bottlenecks, as well as China's increasingly aggressive regulatory efforts and the emergence of new variants of COVID-19.
Global equities performed very well during the period. Although all market segments posted gains, value style outperformed growth, U.S. stocks outpaced their international peers, and lower-quality, higher-risk companies generally performed better than those with more defensive characteristics.
In the bond market, the backdrop of improving economic growth weighed on interest-rate-sensitive assets (such as U.S. Treasuries) as investors began to assess the possibility that the Fed may need to begin tightening policy in the next year. However, credit-oriented investments that tend to benefit from stronger growth—including investment-grade corporates, high-yield bonds, and emerging-market debt—produced healthy returns. In all cases, these trends generally reflected investors' hearty appetite for risk and yield at a time of largely positive news flow.
What elements of the portfolios' positioning helped and hurt results?
All portfolios in the series produced positive returns and outperformed their respective benchmarks prior to any applicable sales charges. Several elements of the portfolios' asset allocations contributed positively.
In the fixed-income portfolio, an emphasis on the credit sectors—particularly senior loans and emerging-market debt—added value, as did a corresponding underweight in the more rate-sensitive intermediate core bond category. A position in U.S. Treasury Separate Trading of Registered Interest and Principal of Securities (STRIPS) contributed in all funds except John Hancock Multi-Index Lifestyle Conservative Fund, which didn't have an allocation to this area. Conversely, an allocation to short-term U.S. Treasury Inflation Protected Securities detracted in all funds with the exception of John Hancock Multi-Index Lifestyle Aggressive Fund.
Positioning within the equity portfolio hurt relative performance. The largest adverse effect came from an allocation to defensive equities. While the category registered a positive absolute return, it did not keep pace with the broader market in the risk-on environment. We continue to view defensives as an essential component of diversification due to the category's potential ability to dampen downside risk during times of market volatility. On the positive side, an underweight in emerging-market stocks contributed, as did an overweight in energy stocks.
The majority of the individual investment products in the portfolios are passively implemented strategies; however, a limited number have the ability to make active allocations decisions regarding sectors, countries, and regions. This element of our strategy detracted from results across all of the portfolios.
How would you describe the portfolio's positioning?
Our analysis currently shows low expected returns for large-cap U.S. stocks and interest-rate-sensitive bonds, the two categories that typically have the highest weightings in asset-allocation portfolios. Seeing limited opportunity in these areas, we maintained a tilt toward small- and mid-cap domestic equities over large caps. We also continued to diversify into international stocks.
Certain Multi-Index Lifestyle Portfolios also feature weightings in areas such as defensive equities and a dedicated sector portfolio. In the latter, we emphasized healthcare, information technology, and financial sector stocks. The portfolios also hold an allocation to real
ANNUAL REPORT | JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS 5
assets—which includes real estate investment trusts, infrastructure stocks, and natural resources stocks—since this area can help manage the risk of rising inflation.
On the bond side, we remained focused on credit-oriented areas that we believe should outperform higher-quality government issues at a time of low rates and improving economic growth.
MANAGED BY
Nathan W. Thooft, CFA Robert E. Sykes, CFA
Note about risks
The portfolios may be subject to various risks as described in the portfolios' prospectus. The novel COVID-19 disease has resulted in significant disruptions to global business activity. A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange trading suspensions and closures, which may lead to less liquidity in certain instruments, industries, sectors or the markets generally, and may ultimately affect portfolio performance. For more information, please refer to the "Principal risks" section of the prospectus.
The views expressed in this report are exclusively those of Nathan W. Thooft, CFA, and Robert E. Sykes, CFA, Manulife Investment Management (US) LLC, and are subject to change. They are not meant as investment advice. Please note that the holdings discussed in this report may not have been held by the portfolio for the entire period. Portfolio composition is subject to review in accordance with the portfolio's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk.
6 JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS | ANNUAL REPORT
Multi-Index Lifestyle Aggressive Portfolio
GROWTH OF $10,000
This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multi-Index Lifestyle Aggressive Portfolio for the periods indicated, assuming all distributions were reinvested. For comparison, we've shown the same investment in two blended indexes and three separate indexes.
| Class A shares (with maximum sales charge)1 |
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| Class A shares (without sales charges)1 | Ending values 8-31-21 | ||
| Index 1 | |||
$29,000 | $28,564 | Index 3 | ||
Index 2 | ||||
| $23,466 | Index 5 | ||
| Index 3 | $23,225 | Index 1 | |
| Index 4 | $22,611 | Index 2 | |
| Index 5 | $21,473 |
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| $20,393 |
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| $15,134 | Index 4 |
10,000
9,500
6,000
12-30-13 8-15 8-16 8-17 8-18 8-19 8-20 8-31-21
ASSET ALLOCATION (% of net assets)
Affiliated investment companies | 65.2 |
Equity | 65.2 |
Large Blend | 65.2 |
Unaffiliated investment companies | 33.8 |
Equity | 33.1 |
Fixed Income | 0.7 |
U.S. Government | 1.0 |
Index 1 is the Morningstar U.S. Aggressive Target Allocation Index which seeks 92.5% exposure to global equity markets from a diversified mix of stocks and bonds.
Index 2 is the John Hancock Lifestyle Aggressive Index which comprises 44.1% of the S&P 500 Index, 16.2% of the MSCI World ex-USA Index, 18.9% of the Russell 2500 Index, 10.8% of the MSCI Emerging Markets Index, 5.0% of the John Hancock Real Asset Blended Index, 0.5% of the ICE BofA U.S. High Yield Index, 0.5% of the JP Morgan EMBI Global Index, and 4.0% of the ICE Bank of America Long U.S. STRIPS Index.
Index 3 is the S&P 500 Index, an unmanaged index that includes 500 widely traded common stocks.
Index 4 is the MSCI EAFE Index, a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets, excluding the U.S. and Canada.
Index 5 is 70% Russell 3000 Index and 30% MSCI All Country World ex-USA Index.
It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.
Prior to May 1, 2021, the fund's primary benchmark was the S&P 500 Index. Effective May 1, 2021, the fund's primary benchmark is the Morningstar U.S. Aggressive Target Allocation Index. The Morningstar U.S. Aggressive Target Allocation Index better reflects the universe of investment opportunities based on the fund's investment strategy.
PERFORMANCE CHART
Total returns with maximum sales charge for the period ended 8-31-21 (%)
| Class A1 | Class R62 | Class 12 | Index 1 | Index 2 | Index 3 | Index 4 | Index 5 |
Inception | 12-30-13 | 12-30-13 | 12-30-13 | 12-30-13 | 12-30-13 | 12-30-13 | 12-30-13 | 12-30-13 |
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Average annual total returns |
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1 year | 23.32 | 30.02 | 30.00 | 28.45 | 30.18 | 31.17 | 26.12 | 30.60 |
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5 year | 12.51 | 13.77 | 13.71 | 15.01 | 14.35 | 18.02 | 9.72 | 15.56 |
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Since inception | 9.73 | 10.53 | 10.49 | 11.61 | 11.22 | 14.66 | 5.55 | 11.76 |
Cumulative returns |
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5 year | 80.32 | 90.57 | 90.13 | 101.19 | 95.49 | 128.95 | 59.03 | 106.12 |
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Since inception | 103.93 | 115.51 | 115.02 | 132.25 | 126.11 | 185.64 | 51.34 | 134.66 |
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Performance figures assume all distributions have been reinvested. Returns with maximum sales charge reflect a sales charge on Class A shares of 5%. Sales charges are not applicable to Class R6 and Class 1 shares.
The expense ratios of the portfolio, both net (including any fee waivers and/or expense limitations) and gross (excluding any fee waivers and/or expense limitations), are set forth according to the most recent publicly available prospectuses for the portfolio and may differ from those disclosed in the Financial highlights tables in this report. Net expenses reflect contractual expense limitations in effect until December 31, 2021 and are subject to change. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The following expense ratios include expenses of the underlying funds in which the portfolio invests. The expense ratios are as follows:
| Class A | Class R6 | Class 1 |
Gross (%) | 1.07 | 0.65 | 0.69 |
Net (%) | 1.06 | 0.64 | 0.68 |
Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for each class.
The returns reflect past results and should not be considered indicative of future performance. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the portfolio's current performance may be higher or lower than the performance shown. For current to the most recent month-end performance data, please call 800–225–5291 or visit the portfolio's website at jhinvestments.com.
The performance information does not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The portfolio's performance results reflect any applicable fee waivers or expense reductions, without which the expenses would increase and results would have been less favorable.
1Class A shares were first offered on 4-26-21. Returns prior to this date are those of Class 1 shares that have not been adjusted for class-specific expenses; otherwise, returns would vary.
2For certain types of investors, as described in the portfolio's prospectuses.
ANNUAL REPORT | JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS 7
Multi-Index Lifestyle Growth Portfolio
This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multi-Index Lifestyle Growth Portfolio for the periods indicated, assuming all distributions were reinvested. For comparison, we've shown the same investment in two blended indexes and three separate indexes.
| Class A shares (with maximum sales charge)1 |
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| Class A shares (without sales charges)1 | Ending values 8-31-21 | ||
$29,000 | Index 1 | |||
$28,564 | Index 3 | |||
Index 2 | ||||
| $21,270 | Index 5 | ||
| Index 3 | |||
| $21,187 | Index 1 | ||
| Index 4 | |||
| $21,073 | Index 2 | ||
| Index 5 | $19,712 |
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| $18,720 |
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| $13,157 | Index 4 |
10,000
9,500
6,000
12-30-13 8-15 8-16 8-17 8-18 8-19 8-20 8-31-21
ASSET ALLOCATION (% of net assets)
Affiliated investment companies | 51.0 |
Equity | 51.0 |
Large Blend | 51.0 |
Unaffiliated investment companies | 45.1 |
Equity | 30.0 |
Fixed Income | 15.1 |
U.S. Government | 3.9 |
Index 1 is the Morningstar U.S. Moderately Aggressive Target Allocation Index which seeks 77.5% exposure to global equity markets from a diversified mix of stocks and bonds.
Index 2 is the John Hancock Lifestyle Growth Index which comprises 37.2% of the S&P 500 Index, 13.7% of the MSCI World ex-USA Index, 16.0% of the Russell 2500 Index, 9.1% of the MSCI Emerging Markets Index, 4.0% of the John Hancock Real Asset Blended Index, 1.5% of the ICE Bank of America U.S. High Yield Index, 1.5% of the JP Morgan EMBI Global Index, 1.5% of the S&P/LSTA Leveraged Loan Index, 9.5% of the Bloomberg U.S. Aggregate Bond Index, 4.0% of the ICE Bank of America Long U.S. STRIPS Index, and 2.0% of the Bloomberg 1-5 Year TIPS Index.
Index 3 is the S&P 500 Index, an unmanaged index that includes 500 widely traded common stocks.
Index 4 is the Bloomberg U.S. Aggregate Bond Index, formerly known as Bloomberg Barclays U.S. Aggregate Bond Index, an unmanaged index of U.S. dollar-denominated and non-convertible investment-grade debt issues.
Index 5 is 56% Russell 3000 Index, 24% MSCI All Country World ex-USA Index, 16% Bloomberg U.S. Aggregate Bond Index, and 4% ICE Bank of America U.S. High Yield Index.
It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.
Prior to May 1, 2021, the fund's primary benchmark was the S&P 500 Index. Effective May 1, 2021, the fund's primary benchmark is the Morningstar U.S. Moderately Aggressive Target Allocation Index. The Morningstar U.S. Moderately Aggressive Target Allocation Index better reflects the universe of investment opportunities based on the fund's investment strategy.
PERFORMANCE CHART
Total returns with maximum sales charge for the period ended 8-31-21 (%)
| Class A1 | Class R62 | Class 12 | Index 1 | Index 2 | Index 3 | Index 4 | Index 5 |
Inception | 12-30-13 | 12-30-13 | 12-30-13 | 12-30-13 | 12-30-13 | 12-30-13 | 12-30-13 | 12-30-13 |
Average annual total returns |
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1 year | 18.08 | 24.56 | 24.48 | 23.35 | 25.42 | 31.17 | -0.08 | 24.46 |
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5 year | 10.60 | 11.84 | 11.78 | 13.02 | 12.76 | 18.02 | 3.11 | 13.30 |
Since inception | 8.52 | 9.31 | 9.27 | 10.28 | 10.20 | 14.66 | 3.64 | 10.34 |
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Cumulative returns |
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5 year | 65.53 | 74.95 | 74.53 | 84.39 | 82.29 | 128.95 | 16.55 | 86.69 |
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Since inception | 87.20 | 97.94 | 97.39 | 111.87 | 110.73 | 185.64 | 31.57 | 112.70 |
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Performance figures assume all distributions have been reinvested. Returns with maximum sales charge reflect a sales charge on Class A shares of 5%. Sales charges are not applicable to Class R6 and Class 1 shares.
The expense ratios of the portfolio, both net (including any fee waivers and/or expense limitations) and gross (excluding any fee waivers and/or expense limitations), are set forth according to the most recent publicly available prospectuses for the portfolio and may differ from those disclosed in the Financial highlights tables in this report. Net expenses reflect contractual expense limitations in effect until December 31, 2021 and are subject to change. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The following expense ratios include expenses of the underlying funds in which the portfolio invests. The expense ratios are as follows:
| Class A | Class R6 | Class 1 |
Gross (%) | 1.06 | 0.65 | 0.68 |
Net (%) | 1.06 | 0.65 | 0.68 |
Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for each class.
The returns reflect past results and should not be considered indicative of future performance. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the portfolio's current performance may be higher or lower than the performance shown. For current to the most recent month-end performance data, please call 800–225–5291 or visit the portfolio's website at jhinvestments.com.
The performance information does not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The portfolio's performance results reflect any applicable fee waivers or expense reductions, without which the expenses would increase and results would have been less favorable.
1Class A shares were first offered on 4-26-21. Returns prior to this date are those of Class 1 shares that have not been adjusted for class-specific expenses; otherwise, returns would vary.
2For certain types of investors, as described in the portfolio's prospectuses.
8 JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS | ANNUAL REPORT
Multi-Index Lifestyle Balanced Portfolio
This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multi-Index Lifestyle Balanced Portfolio for the periods indicated, assuming all distributions were reinvested. For comparison, we've shown the same investment in two blended indexes and three separate indexes.
| Class A shares (with maximum sales charge)1 |
|
| |
| Class A shares (without sales charges)1 | Ending values 8-31-21 | ||
$29,000 | Index 1 | |||
$28,564 | Index 3 | |||
Index 2 | ||||
|
|
| ||
| Index 3 | $19,482 | Index 1 | |
| Index 4 | $19,345 | Index 2 | |
| Index 5 | $19,176 | Index 5 | |
| $17,969 |
| ||
|
|
| ||
|
| $17,064 |
| |
|
| $13,157 | Index 4 |
10,000
9,500
6,000
12-30-13 8-15 8-16 8-17 8-18 8-19 8-20 8-31-21
ASSET ALLOCATION (% of net assets)
Affiliated investment companies | 37.6 |
Equity | 37.6 |
Large Blend | 37.6 |
Unaffiliated investment companies | 54.4 |
Fixed Income | 30.5 |
Equity | 23.9 |
U.S. Government | 7.9 |
Short-term investments and other | 0.1 |
Index 1 is the Morningstar U.S. Moderate Target Allocation Index which seeks 60% exposure to global equity markets from a diversified mix of stocks and bonds.
Index 2 is the John Hancock Lifestyle Balanced Index which comprises 27.9% of the S&P 500 Index, 10.3% of the MSCI World ex-USA Index, 12.0% of the Russell 2500 Index, 6.8% of the MSCI Emerging Markets Index, 3.0% of the John Hancock Real Asset Blended Index, 3.0% of the ICE Bank of America U.S. High Yield Index, 3.0% of the JP Morgan EMBI Global Index, 3.0% of the S&P/LSTA Leveraged Loan Index, 21.0% of the Bloomberg U.S. Aggregate Bond Index, 6.0% of the ICE Bank of America Long U.S. STRIPS Index, and 4.0% of the Bloomberg 1-5 Year TIPS Index.
Index 3 is the S&P 500 Index, an unmanaged index that includes 500 widely traded common stocks.
Index 4 is the Bloomberg U.S. Aggregate Bond Index, formerly known as Bloomberg Barclays U.S. Aggregate Bond Index, an unmanaged index of U.S. dollar-denominated and non-convertible investment-grade debt issues.
Index 5 is 42% Russell 3000 Index, 18% MSCI All Country World ex-USA Index, 32% Bloomberg U.S. Aggregate Bond Index, and 8% ICE Bank of America U.S. High Yield Index.
It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.
Prior to May 1, 2021, the fund's primary benchmark was the Bloomberg U.S. Aggregate Bond Index. Effective May 1, 2021, the fund's primary benchmark is the Morningstar U.S. Moderate Target Allocation Index. The Morningstar U.S. Moderate Target Allocation Index better reflects the universe of investment opportunities based on the fund's investment strategy.
PERFORMANCE CHART
Total returns with maximum sales charge for the period ended 8-31-21 (%)
| Class A1 | Class R62 | Class 12 | Index 1 | Index 2 | Index 3 | Index 4 | Index 5 |
Inception | 12-30-13 | 12-30-13 | 12-30-13 | 12-30-13 | 12-30-13 | 12-30-13 | 12-30-13 | 12-30-13 |
Average annual total returns |
|
|
|
|
|
|
|
|
1 year | 12.94 | 18.91 | 18.87 | 18.03 | 18.96 | 31.17 | -0.08 | 18.53 |
|
|
|
|
|
|
|
|
|
5 year | 8.66 | 9.85 | 9.79 | 11.07 | 10.64 | 18.02 | 3.11 | 10.99 |
Since inception | 7.21 | 7.98 | 7.94 | 9.08 | 8.98 | 14.66 | 3.64 | 8.86 |
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|
|
|
|
|
|
Cumulative returns |
|
|
|
|
|
|
|
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5 year | 51.48 | 59.95 | 59.52 | 69.00 | 65.77 | 128.95 | 16.55 | 68.41 |
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|
|
|
|
|
|
|
|
Since inception | 70.64 | 80.21 | 79.72 | 94.82 | 93.45 | 185.64 | 31.57 | 91.76 |
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|
|
|
|
|
Performance figures assume all distributions have been reinvested. Returns with maximum sales charge reflect a sales charge on Class A shares of 5%. Sales charges are not applicable to Class R6 and Class 1 shares.
The expense ratios of the portfolio, both net (including any fee waivers and/or expense limitations) and gross (excluding any fee waivers and/or expense limitations), are set forth according to the most recent publicly available prospectuses for the portfolio and may differ from those disclosed in the Financial highlights tables in this report. Net expenses reflect contractual expense limitations in effect until December 31, 2021 and are subject to change. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The following expense ratios include expenses of the underlying funds in which the portfolio invests. The expense ratios are as follows:
| Class A | Class R6 | Class 1 |
Gross (%) | 1.07 | 0.65 | 0.69 |
Net (%) | 1.07 | 0.65 | 0.69 |
Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for each class.
The returns reflect past results and should not be considered indicative of future performance. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the portfolio's current performance may be higher or lower than the performance shown. For current to the most recent month-end performance data, please call 800–225–5291 or visit the portfolio's website at jhinvestments.com.
The performance information does not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The portfolio's performance results reflect any applicable fee waivers or expense reductions, without which the expenses would increase and results would have been less favorable.
1Class A shares were first offered on 4-26-21. Returns prior to this date are those of Class 1 shares that have not been adjusted for class-specific expenses; otherwise, returns would vary.
2For certain types of investors, as described in the portfolio's prospectuses.
ANNUAL REPORT | JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS 9
Multi-Index Lifestyle Moderate Portfolio
This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multi-Index Lifestyle Moderate Portfolio for the periods indicated, assuming all distributions were reinvested. For comparison, we've shown the same investment in two blended indexes and three separate indexes.
| Class A shares (with maximum sales charge)1 |
|
| |
| Class A shares (without sales charges)1 | Ending values 8-31-21 | ||
$29,000 | Index 1 | |||
$28,564 | Index 3 | |||
Index 2 | ||||
|
|
| ||
| Index 3 |
|
| |
| Index 4 | $17,197 | Index 5 | |
| Index 5 | $17,195 | Index 2 | |
| $16,825 | Index 1 | ||
|
| |||
|
| $16,077 |
| |
|
| $15,268 |
| |
|
| $13,157 | Index 4 |
10,000
9,500
6,000
12-30-13 8-15 8-16 8-17 8-18 8-19 8-20 8-31-21
ASSET ALLOCATION (% of net assets)
Affiliated investment companies | 24.5 |
Equity | 24.5 |
Large Blend | 24.5 |
Unaffiliated investment companies | 67.1 |
Fixed Income | 49.9 |
Equity | 17.2 |
U.S. Government | 8.2 |
Short-term investments and other | 0.2 |
Index 1 is the Morningstar U.S. Moderately Conservative Target Allocation Index which seeks 40% exposure to global equity markets from a diversified mix of stocks and bonds.
Index 2 is the John Hancock Lifestyle Moderate Index which comprises 18.6% of the S&P 500 Index, 6.8% of the MSCI World ex-USA Index, 8.0% of the Russell 2500 Index, 4.6% of the MSCI Emerging Markets Index, 2.0% of the John Hancock Real Asset Blended Index, 4.5% of the ICE Bank of America U.S. High Yield Index, 4.5% of the JP Morgan EMBI Global Index, 4.5% of the S&P/LSTA Leveraged Loan Index, 36.5% of the Bloomberg U.S. Aggregate Bond Index, 4.0% of the ICE Bank of America Long U.S. STRIPS Index, and 6.0% of the Bloomberg 1-5 Year TIPS Index.
Index 3 is the S&P 500 Index, an unmanaged index that includes 500 widely traded common stocks.
Index 4 is the Bloomberg U.S. Aggregate Bond Index, formerly known as Bloomberg Barclays U.S. Aggregate Bond Index, an unmanaged index of U.S. dollar-denominated and non-convertible investment-grade debt issues.
Index 5 is 28% Russell 3000 Index, 12% MSCI All Country World ex-USA Index, 48% Bloomberg U.S. Aggregate Bond Index, and 12% ICE Bank of America U.S. High Yield Index.
It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.
Prior to May 1, 2021, the fund's primary benchmark was the Bloomberg U.S. Aggregate Bond Index. Effective May 1, 2021, the fund's primary benchmark is the Morningstar U.S. Moderately Conservative Target Allocation Index. The Morningstar
U.S. Moderately Conservative Target Allocation Index better reflects the universe of investment opportunities based on the fund's investment strategy.
PERFORMANCE CHART
Total returns with maximum sales charge for the period ended 8-31-21 (%)
| Class A1 | Class R62 | Class 12 | Index 1 | Index 2 | Index 3 | Index 4 | Index 5 |
Inception | 12-30-13 | 12-30-13 | 12-30-13 | 12-30-13 | 12-30-13 | 12-30-13 | 12-30-13 | 12-30-13 |
|
|
|
|
|
|
|
|
|
Average annual total returns |
|
|
|
|
|
|
|
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1 year | 6.87 | 12.73 | 12.69 | 11.67 | 13.17 | 31.17 | -0.08 | 12.80 |
|
|
|
|
|
|
|
|
|
5 year | 6.39 | 7.56 | 7.53 | 8.15 | 8.33 | 18.02 | 3.11 | 8.63 |
|
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|
|
|
|
|
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Since inception | 5.67 | 6.43 | 6.41 | 7.02 | 7.32 | 14.66 | 3.64 | 7.32 |
Cumulative returns |
|
|
|
|
|
|
|
|
5 year | 36.33 | 43.99 | 43.73 | 47.98 | 49.19 | 128.95 | 16.55 | 51.30 |
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|
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Since inception | 52.68 | 61.34 | 61.05 | 68.25 | 71.95 | 185.64 | 31.57 | 71.97 |
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|
|
Performance figures assume all distributions have been reinvested. Returns with maximum sales charge reflect a sales charge on Class A shares of 5%. Sales charges are not applicable to Class R6 and Class 1 shares.
The expense ratios of the portfolio, both net (including any fee waivers and/or expense limitations) and gross (excluding any fee waivers and/or expense limitations), are set forth according to the most recent publicly available prospectuses for the portfolio and may differ from those disclosed in the Financial highlights tables in this report. Net expenses reflect contractual expense limitations in effect until December 31, 2021 and are subject to change. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The following expense ratios include expenses of the underlying funds in which the portfolio invests. The expense ratios are as follows:
| Class A | Class R6 | Class 1 |
Gross (%) | 1.10 | 0.69 | 0.72 |
Net (%) | 1.09 | 0.68 | 0.71 |
Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for each class.
The returns reflect past results and should not be considered indicative of future performance. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the portfolio's current performance may be higher or lower than the performance shown. For current to the most recent month-end performance data, please call 800–225–5291 or visit the portfolio's website at jhinvestments.com.
The performance information does not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The portfolio's performance results reflect any applicable fee waivers or expense reductions, without which the expenses would increase and results would have been less favorable.
1Class A shares were first offered on 4-26-21. Returns prior to this date are those of Class 1 shares that have not been adjusted for class-specific expenses; otherwise, returns would vary.
2For certain types of investors, as described in the portfolio's prospectuses.
10 JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS | ANNUAL REPORT
Multi-Index Lifestyle Conservative Portfolio
This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multi-Index Lifestyle Conservative Portfolio for the periods indicated, assuming all distributions were reinvested. For comparison, we've shown the same investment in two blended indexes and three separate indexes.
| Class A shares (with maximum sales charge)1 |
|
| |
| Class A shares (without sales charges)1 | Ending values 8-31-21 | ||
$29,000 | Index 1 | |||
$28,564 | Index 3 | |||
Index 2 | ||||
|
|
| ||
| Index 3 |
|
| |
| Index 4 | $15,340 | Index 5 | |
| Index 5 | |||
| $15,045 | Index 2 | ||
|
| |||
|
| $15,042 | Index 1 | |
|
| $14,517 |
| |
|
| $13,786 |
| |
10,000 |
| $13,157 | Index 4 | |
|
|
| ||
9,500 |
|
|
| |
6,000 |
|
|
|
12-30-13 8-15 8-16 8-17 8-18 8-19 8-20 8-31-21
ASSET ALLOCATION (% of net assets)
Affiliated investment companies | 10.3 |
Equity | 10.3 |
Large Blend | 10.3 |
Unaffiliated investment companies | 80.7 |
Fixed Income | 69.7 |
Equity | 11.0 |
U.S. Government | 8.9 |
Short-term investments and other | 0.1 |
Index 1 is the Morningstar U.S. Conservative Target Allocation Index which seeks 22.5% exposure to global equity markets from a diversified mix of stocks and bonds.
Index 2 is the John Hancock Lifestyle Conservative Index which comprises 9.8% of the S&P 500 Index, 3.6% of the MSCI World ex-USA Index, 4.2% of the Russell 2500 Index, 2.4% of the MSCI Emerging Markets Index, 6.0% of the ICE Bank of America U.S. High Yield Index, 6.0% of the JP Morgan EMBI Global Index, 6.0% of the S&P/LSTA Leveraged Loan Index, 52.0% of the Bloomberg U.S. Aggregate Bond Index, and 10.0% of the Bloomberg 1-5 Year TIPS Index.
Index 3 is the S&P 500 Index, an unmanaged index that includes 500 widely traded common stocks.
Index 4 is the Bloomberg U.S. Aggregate Bond Index, formerly known as Bloomberg Barclays U.S. Aggregate Bond Index, an unmanaged index of U.S. dollar-denominated and non-convertible investment-grade debt issues.
Index 5 is 14% Russell 3000 Index, 6% MSCI All Country World ex-USA Index, 64% Bloomberg U.S. Aggregate Bond Index, and 16% ICE Bank of America U.S. High Yield Index.
It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.
Prior to May 1, 2021, the fund's primary benchmark was the Bloomberg U.S. Aggregate Bond Index. Effective May 1, 2021, the fund's primary benchmark is the Morningstar U.S. Conservative Target Allocation Index. The Morningstar U.S. Conservative Target Allocation Index better reflects the universe of investment opportunities based on the fund's investment strategy.
PERFORMANCE CHART
Total returns with maximum sales charge for the period ended 8-31-21 (%)
| Class A1 | Class R62 | Class 12 | Index 1 | Index 2 | Index 3 | Index 4 | Index 5 |
Inception | 12-30-13 | 12-30-13 | 12-30-13 | 12-30-13 | 12-30-13 | 12-30-13 | 12-30-13 | 12-30-13 |
Average annual total returns |
|
|
|
|
|
|
|
|
1 year | 1.70 | 7.20 | 7.26 | 6.59 | 7.88 | 31.17 | -0.08 | 7.26 |
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|
|
|
|
|
5 year | 4.27 | 5.42 | 5.38 | 5.93 | 6.01 | 18.02 | 3.11 | 6.25 |
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|
Since inception | 4.27 | 5.03 | 5.00 | 5.47 | 5.47 | 14.66 | 3.64 | 5.74 |
Cumulative returns |
|
|
|
|
|
|
|
|
5 year | 23.25 | 30.19 | 29.97 | 33.39 | 33.89 | 128.95 | 16.55 | 35.38 |
Since inception | 37.86 | 45.68 | 45.43 | 50.42 | 50.45 | 185.64 | 31.57 | 53.40 |
Performance figures assume all distributions have been reinvested. Returns with maximum sales charge reflect a sales charge on Class A shares of 5%. Sales charges are not applicable to Class R6 and Class 1 shares.
The expense ratios of the portfolio, both net (including any fee waivers and/or expense limitations) and gross (excluding any fee waivers and/or expense limitations), are set forth according to the most recent publicly available prospectuses for the portfolio and may differ from those disclosed in the Financial highlights tables in this report. Net expenses reflect contractual expense limitations in effect until December 31, 2021 and are subject to change. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The following expense ratios include expenses of the underlying funds in which the portfolio invests. The expense ratios are as follows:
| Class A | Class R6 | Class 1 |
Gross (%) | 1.11 | 0.70 | 0.73 |
Net (%) | 1.08 | 0.67 | 0.70 |
Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for each class.
The returns reflect past results and should not be considered indicative of future performance. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the portfolio's current performance may be higher or lower than the performance shown. For current to the most recent month-end performance data, please call 800–225–5291 or visit the portfolio's website at jhinvestments.com.
The performance information does not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The portfolio's performance results reflect any applicable fee waivers or expense reductions, without which the expenses would increase and results would have been less favorable.
1Class A shares were first offered on 4-26-21. Returns prior to this date are those of Class 1 shares that have not been adjusted for class-specific expenses; otherwise, returns would vary.
2For certain types of investors, as described in the portfolio's prospectuses.
ANNUAL REPORT | JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS 11
Your expenses
As a shareholder of a John Hancock Funds II Multi-Index Lifestyle Portfolio, you incur two types of costs: (1) transaction costs, including sales charges (loads) on certain purchases or redemptions, and (2) ongoing costs, including management fees, distribution and service (Rule 12b-1) fees, and other portfolio expenses. In addition to the operating expenses which each portfolio bears directly, each portfolio indirectly bears a pro rata share of the operating expenses of the underlying funds in which each portfolio invests. Because underlying funds have varied operating expenses and transaction costs, and a portfolio may own different proportions of the underlying funds at different times, the amount of expenses incurred indirectly by the portfolio will vary. Had these indirect expenses been reflected in the following analysis, total expenses would have been higher than the amounts shown.
These examples are intended to help you understand your ongoing costs (in dollars) of investing in a portfolio so you can compare these costs with the ongoing costs of investing in other mutual funds. The examples are based on an investment of $1,000 at the beginning of the period and held for the entire period (March 1, 2021 through August 31, 2021).
Actual expenses:
The first line of each share class in the following table provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line under the heading entitled "Expenses paid during period ended" to estimate the expenses you paid on your account during this period.
Hypothetical example for comparison purposes:
The second line of each share class in the following table provides information about hypothetical account values and hypothetical expenses based on the actual expense ratio for the share class and an assumed annualized rate of return of 5% per year before expenses, which is not the actual return of the share class. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in a portfolio and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. Please remember that these hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs. Therefore, the second line of each share class in the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
SHAREHOLDER EXPENSE EXAMPLE CHART
|
| Account | Ending | Expenses | Annualized |
|
| paid during | |||
|
| value on | value on | period ended | expense |
|
| 3-1-2021 | 8-31-2021 | 8-31-20211 | ratio2 |
Multi-Index Lifestyle Aggressive Portfolio |
|
|
|
| |
Class A | Actual expenses/actual returns3 | $1,000.00 | $1,125.50 | $2.50 | 0.67% |
| Hypothetical example | 1,000.00 | 1,021.80 | 3.41 | 0.67% |
Class R6 | Actual expenses/actual returns | 1,000.00 | 1,126.00 | 1.34 | 0.25% |
| Hypothetical example | 1,000.00 | 1,023.90 | 1.28 | 0.25% |
Class 1 | Actual expenses/actual returns | 1,000.00 | 1,127.00 | 1.55 | 0.29% |
| Hypothetical example | 1,000.00 | 1,023.70 | 1.48 | 0.29% |
|
|
|
|
| |
Multi-Index Lifestyle Growth Portfolio |
|
|
|
| |
Class A | Actual expenses/actual returns3 | $1,000.00 | $1,107.50 | $2.62 | 0.71% |
| Hypothetical example | 1,000.00 | 1,021.60 | 3.62 | 0.71% |
Class R6 | Actual expenses/actual returns | 1,000.00 | 1,109.70 | 1.60 | 0.30% |
| Hypothetical example | 1,000.00 | 1,023.70 | 1.53 | 0.30% |
Class 1 | Actual expenses/actual returns | 1,000.00 | 1,109.00 | 1.81 | 0.34% |
| Hypothetical example | 1,000.00 | 1,023.50 | 1.73 | 0.34% |
Multi-Index Lifestyle Balanced Portfolio |
|
|
|
| |
Class A | Actual expenses/actual returns3 | $1,000.00 | $1,091.40 | $2.82 | 0.77% |
| Hypothetical example | 1,000.00 | 1,021.30 | 3.92 | 0.77% |
Class R6 | Actual expenses/actual returns | 1,000.00 | 1,092.60 | 1.90 | 0.36% |
| Hypothetical example | 1,000.00 | 1,023.40 | 1.84 | 0.36% |
Class 1 | Actual expenses/actual returns | 1,000.00 | 1,091.60 | 2.11 | 0.40% |
| Hypothetical example | 1,000.00 | 1,023.20 | 2.04 | 0.40% |
12 JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS | ANNUAL REPORT
SHAREHOLDER EXPENSE EXAMPLE CHART (continued)
|
| Account | Ending | Expenses | Annualized |
|
| paid during | |||
|
| value on | value on | period ended | expense |
|
| 3-1-2021 | 8-31-2021 | 8-31-20211 | ratio2 |
Multi-Index Lifestyle Moderate Portfolio |
|
|
|
| |
Class A | Actual expenses/actual returns3 | $1,000.00 | $1,068.30 | $3.08 | 0.85% |
| Hypothetical example | 1,000.00 | 1,020.90 | 4.33 | 0.85% |
Class R6 | Actual expenses/actual returns | 1,000.00 | 1,070.40 | 2.30 | 0.44% |
| Hypothetical example | 1,000.00 | 1,023.00 | 2.24 | 0.44% |
Class 1 | Actual expenses/actual returns | 1,000.00 | 1,070.20 | 2.50 | 0.48% |
| Hypothetical example | 1,000.00 | 1,022.80 | 2.45 | 0.48% |
|
|
|
|
| |
Multi-Index Lifestyle Conservative Portfolio |
|
|
|
| |
Class A | Actual expenses/actual returns3 | $1,000.00 | $1,042.50 | $3.29 | 0.92% |
| Hypothetical example | 1,000.00 | 1,020.60 | 4.69 | 0.92% |
Class R6 | Actual expenses/actual returns | 1,000.00 | 1,044.50 | 2.63 | 0.51% |
| Hypothetical example | 1,000.00 | 1,022.60 | 2.60 | 0.51% |
Class 1 | Actual expenses/actual returns | 1,000.00 | 1,044.40 | 2.83 | 0.55% |
| Hypothetical example | 1,000.00 | 1,022.40 | 2.80 | 0.55% |
1Expenses 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).
2Ratios do not include expenses indirectly incurred by the underlying funds and can vary based on the mix of underlying funds held by the portfolios.
3The inception date for Class A shares is 4-26-21. Actual Expenses are equal to the class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 128/365 (to reflect the period).
ANNUAL REPORT | JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS 13
Portfolios' investments
MULTI-INDEX LIFESTYLE AGGRESSIVE PORTFOLIO
As of 8-31-21 | Shares or |
|
|
| |
| Principal |
|
| Amount | Value |
AFFILIATED INVESTMENT COMPANIES (A) - 65.2% |
| |
Equity - 65.2% |
|
|
Strategic Equity Allocation, Class NAV, JHF II |
|
|
(MIM US) (B) | 22,176,682 | $331,984,929 |
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost |
|
|
$267,467,948) |
| $331,984,929 |
UNAFFILIATED INVESTMENT COMPANIES - 33.8% |
| |
Exchange-traded funds - 33.8% |
|
|
Financial Select Sector SPDR Fund | 200,243 | 7,689,331 |
iShares Global Infrastructure ETF | 48,819 | 2,270,572 |
iShares MSCI Global Min Vol Factor ETF | 81,644 | 8,715,497 |
Vanguard Dividend Appreciation ETF | 39,941 | 6,486,019 |
Vanguard Emerging Markets Government |
|
|
Bond ETF | 31,542 | 2,537,238 |
Vanguard Energy ETF | 102,085 | 6,942,801 |
Vanguard FTSE All World ex-US Small-Cap ETF | 35,849 | 5,021,011 |
Vanguard FTSE Emerging Markets ETF (C) | 363,727 | 18,997,461 |
Vanguard Global ex-U.S. Real Estate ETF | 38,663 | 2,291,169 |
Vanguard Health Care ETF | 29,403 | 7,717,993 |
Vanguard Information Technology ETF | 9,090 | 3,878,521 |
Vanguard Materials ETF | 24,746 | 4,628,739 |
Vanguard Mid-Cap ETF | 176,576 | 43,744,938 |
Vanguard Real Estate ETF | 64,190 | 6,969,750 |
Vanguard S&P 500 ETF | 40,620 | 16,859,331 |
Vanguard Small-Cap ETF | 116,548 | 26,375,978 |
Xtrackers USD High Yield Corporate Bond ETF | 31,390 | 1,266,273 |
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost |
| |
$127,677,059) |
| $172,392,622 |
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 1.0% |
| |
U.S. Government - 1.0% |
|
|
U.S. Treasury STRIPS, PO, 1.949%, 11/15/2048 | $2,101,000 | 1,233,079 |
U.S. Treasury STRIPS, PO, 1.953%, 05/15/2047 | 2,039,000 | 1,231,280 |
U.S. Treasury STRIPS, PO, 1.954%, 02/15/2047 | 812,000 | 492,609 |
U.S. Treasury STRIPS, PO, 1.966%, 05/15/2050 | 3,482,000 | 1,975,198 |
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost |
| |
$4,427,080) |
| $4,932,166 |
SHORT-TERM INVESTMENTS - 0.5% |
|
|
Short-term funds - 0.5% |
|
|
John Hancock Collateral Trust, 0.0356% (D)(E) | 264,559 | 2,647,466 |
State Street Institutional U.S. Government |
|
|
Money Market Fund, Premier Class, |
|
|
0.0250% (D) | 1,051 | 1,051 |
TOTAL SHORT-TERM INVESTMENTS (Cost $2,647,848) | $2,648,517 | |
Total investments (Cost $402,219,935) - 100.5% | $511,958,234 | |
|
|
|
Other assets and liabilities, net - (0.5%) |
| (2,647,415) |
TOTAL NET ASSETS - 100.0% |
| $509,310,819 |
|
|
|
MULTI-INDEX LIFESTYLE GROWTH PORTFOLIO
As of 8-31-21 | Shares or |
|
|
| |
| Principal |
|
| Amount | Value |
AFFILIATED INVESTMENT COMPANIES (A) - 51.0% |
| |
Equity - 51.0% |
|
|
Strategic Equity Allocation, Class NAV, JHF II |
|
|
(MIM US) (B) | 38,722,059 | $579,669,220 |
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost |
|
|
$462,845,728) |
| $579,669,220 |
UNAFFILIATED INVESTMENT COMPANIES - 45.1% |
| |
Exchange-traded funds - 45.1% |
|
|
Financial Select Sector SPDR Fund | 369,565 | 14,191,296 |
Invesco Senior Loan ETF (C) | 1,451,526 | 32,136,786 |
iShares Global Infrastructure ETF | 87,353 | 4,062,788 |
iShares MSCI Global Min Vol Factor ETF | 394,463 | 42,108,925 |
VanEck Vectors J.P. Morgan EM Local Currency |
|
|
Bond ETF | 167,266 | 5,213,681 |
Vanguard Dividend Appreciation ETF | 179,589 | 29,163,458 |
Vanguard Emerging Markets Government |
|
|
Bond ETF | 336,847 | 27,095,973 |
Vanguard Energy ETF | 183,100 | 12,452,631 |
Vanguard FTSE All World ex-US Small-Cap ETF | 41,333 | 5,789,100 |
Vanguard FTSE Developed Markets ETF | 108,973 | 5,716,724 |
Vanguard FTSE Emerging Markets ETF (C) | 593,534 | 31,000,281 |
Vanguard Global ex-U.S. Real Estate ETF | 69,072 | 4,093,207 |
Vanguard Health Care ETF (C) | 54,104 | 14,201,759 |
Vanguard Information Technology ETF | 17,584 | 7,502,741 |
Vanguard Intermediate-Term Corporate Bond |
|
|
ETF | 421,662 | 40,302,454 |
Vanguard Materials ETF (C) | 43,765 | 8,186,243 |
Vanguard Mid-Cap ETF | 326,985 | 81,007,264 |
Vanguard Real Estate ETF | 114,676 | 12,451,520 |
Vanguard S&P 500 ETF | 45,081 | 18,710,869 |
Vanguard Short-Term Bond ETF | 37,335 | 3,071,177 |
Vanguard Short-Term Corporate Bond ETF | 79,203 | 6,550,088 |
Vanguard Small-Cap ETF | 225,365 | 51,002,353 |
Vanguard Total Bond Market ETF | 323,810 | 27,996,613 |
Xtrackers USD High Yield Corporate Bond |
|
|
ETF (C) | 714,812 | 28,835,516 |
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost |
| |
$413,364,482) |
| $512,843,447 |
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 3.9% |
| |
U.S. Government - 3.9% |
|
|
U.S. Treasury Inflation Protected Security, |
|
|
0.125%, 01/15/2023 | $2,404,059 | 2,493,992 |
U.S. Treasury Inflation Protected Security, |
|
|
0.125%, 07/15/2024 | 6,513,367 | 6,988,554 |
U.S. Treasury Inflation Protected Security, |
|
|
0.125%, 04/15/2025 | 7,862,439 | 8,484,780 |
U.S. Treasury Inflation Protected Security, |
|
|
0.125%, 04/15/2026 | 1,826,992 | 1,995,918 |
U.S. Treasury STRIPS, PO, 1.949%, 11/15/2048 | 10,319,000 | 6,056,230 |
U.S. Treasury STRIPS, PO, 1.953%, 05/15/2047 | 10,012,000 | 6,045,890 |
U.S. Treasury STRIPS, PO, 1.954%, 02/15/2047 | 3,988,000 | 2,419,363 |
U.S. Treasury STRIPS, PO, 1.966%, 05/15/2050 | 17,094,000 | 9,696,737 |
14 JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
MULTI-INDEX LIFESTYLE GROWTH PORTFOLIO (continued)
| Shares or |
|
| Principal |
|
| Amount | Value |
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost |
| |
$41,914,149) |
| $44,181,464 |
SHORT-TERM INVESTMENTS - 4.2% |
|
|
Short-term funds - 4.2% |
|
|
John Hancock Collateral Trust, 0.0356% (D)(E) | 4,748,232 | $47,516,032 |
State Street Institutional U.S. Government |
|
|
Money Market Fund, Premier Class, |
|
|
0.0250% (D) | 22,586 | 22,586 |
TOTAL SHORT-TERM INVESTMENTS (Cost $47,532,887) | $47,538,618 | |
Total investments (Cost $965,657,246) - 104.2% | $1,184,232,749 | |
|
|
|
Other assets and liabilities, net - (4.2%) |
| (47,213,296) |
TOTAL NET ASSETS - 100.0% |
| $1,137,019,453 |
|
|
|
MULTI-INDEX LIFESTYLE BALANCED PORTFOLIO |
| |
As of 8-31-21 | Shares or |
|
|
| |
| Principal |
|
| Amount | Value |
AFFILIATED INVESTMENT COMPANIES (A) - 37.6% |
| |
Equity - 37.6% |
|
|
Strategic Equity Allocation, Class NAV, JHF II |
|
|
(MIM US) (B) | 28,107,104 | $420,763,355 |
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost |
|
|
$325,486,405) |
| $420,763,355 |
UNAFFILIATED INVESTMENT COMPANIES - 54.4% |
| |
Exchange-traded funds - 54.4% |
|
|
Financial Select Sector SPDR Fund | 291,764 | 11,203,738 |
Invesco Senior Loan ETF (C) | 2,766,449 | 61,249,181 |
iShares Global Infrastructure ETF (C) | 64,725 | 3,010,360 |
iShares MSCI Global Min Vol Factor ETF (C) | 472,475 | 50,436,706 |
VanEck Vectors J.P. Morgan EM Local Currency |
|
|
Bond ETF | 318,066 | 9,914,117 |
Vanguard Dividend Appreciation ETF | 215,093 | 34,928,952 |
Vanguard Emerging Markets Government |
|
|
Bond ETF | 641,475 | 51,600,249 |
Vanguard Energy ETF | 138,433 | 9,414,828 |
Vanguard FTSE Developed Markets ETF | 107,298 | 5,628,853 |
Vanguard FTSE Emerging Markets ETF | 351,194 | 18,342,863 |
Vanguard Global ex-U.S. Real Estate ETF | 51,097 | 3,028,008 |
Vanguard Health Care ETF (C) | 43,039 | 11,297,307 |
Vanguard Information Technology ETF (C) | 13,419 | 5,725,619 |
Vanguard Intermediate-Term Corporate Bond |
|
|
ETF | 886,808 | 84,761,109 |
Vanguard Materials ETF (C) | 32,390 | 6,058,550 |
Vanguard Mid-Cap ETF | 232,399 | 57,574,528 |
Vanguard Real Estate ETF | 84,704 | 9,197,160 |
Vanguard S&P 500 ETF | 12,231 | 5,076,477 |
Vanguard Short-Term Bond ETF | 82,854 | 6,815,570 |
Vanguard Short-Term Corporate Bond ETF | 217,226 | 17,964,590 |
Vanguard Small-Cap ETF | 165,845 | 37,532,382 |
Vanguard Total Bond Market ETF | 627,420 | 54,246,733 |
Xtrackers USD High Yield Corporate Bond |
|
|
ETF (C) | 1,358,271 | 54,792,652 |
MULTI-INDEX LIFESTYLE BALANCED PORTFOLIO (continued)
| Shares or |
|
| Principal |
|
| Amount | Value |
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost |
| |
$525,811,096) |
| $609,800,532 |
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 7.9% |
| |
U.S. Government - 7.9% |
|
|
U.S. Treasury Inflation Protected Security, |
|
|
0.125%, 01/15/2023 | $4,778,701 | $4,957,466 |
U.S. Treasury Inflation Protected Security, |
|
|
0.125%, 07/15/2024 | 12,948,948 | 13,893,648 |
U.S. Treasury Inflation Protected Security, |
|
|
0.125%, 04/15/2025 | 15,630,239 | 16,867,430 |
U.S. Treasury Inflation Protected Security, |
|
|
0.125%, 04/15/2026 | 3,632,235 | 3,968,075 |
U.S. Treasury STRIPS, PO, 1.949%, 11/15/2048 | 20,980,000 | 12,313,180 |
U.S. Treasury STRIPS, PO, 1.953%, 05/15/2047 | 20,360,000 | 12,294,679 |
U.S. Treasury STRIPS, PO, 1.954%, 02/15/2047 | 8,109,000 | 4,919,412 |
U.S. Treasury STRIPS, PO, 1.966%, 05/15/2050 | 34,761,000 | 19,718,513 |
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost |
| |
$84,329,429) |
| $88,932,403 |
SHORT-TERM INVESTMENTS - 5.3% |
|
|
Short-term funds - 5.3% |
|
|
John Hancock Collateral Trust, 0.0356% (D)(E) | 5,834,571 | 58,387,136 |
State Street Institutional U.S. Government |
|
|
Money Market Fund, Premier Class, |
|
|
0.0250% (D) | 559,511 | 559,511 |
TOTAL SHORT-TERM INVESTMENTS (Cost $58,943,317) | $58,946,647 | |
Total investments (Cost $994,570,247) - 105.2% | $1,178,442,937 | |
Other assets and liabilities, net - (5.2%) |
| (57,785,081) |
TOTAL NET ASSETS - 100.0% |
| $1,120,657,856 |
|
|
|
MULTI-INDEX LIFESTYLE MODERATE PORTFOLIO |
| |
As of 8-31-21 | Shares or |
|
|
| |
| Principal |
|
| Amount | Value |
AFFILIATED INVESTMENT COMPANIES (A) - 24.5% |
| |
Equity - 24.5% |
|
|
Strategic Equity Allocation, Class NAV, JHF II |
|
|
(MIM US) (B) | 5,218,289 | $78,117,788 |
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost |
|
|
$58,992,242) |
| $78,117,788 |
UNAFFILIATED INVESTMENT COMPANIES - 67.1% |
| |
Exchange-traded funds - 67.1% |
|
|
Invesco Senior Loan ETF | 1,077,877 | 23,864,197 |
iShares Global Infrastructure ETF | 12,276 | 570,957 |
iShares MSCI Global Min Vol Factor ETF | 153,998 | 16,439,287 |
VanEck Vectors J.P. Morgan EM Local Currency |
|
|
Bond ETF | 123,099 | 3,836,996 |
Vanguard Dividend Appreciation ETF | 70,155 | 11,392,470 |
Vanguard Emerging Markets Government |
|
|
Bond ETF | 248,986 | 20,028,434 |
Vanguard Energy ETF | 25,130 | 1,709,091 |
Vanguard FTSE Developed Markets ETF | 32,308 | 1,694,878 |
Vanguard FTSE Emerging Markets ETF (C) | 23,304 | 1,217,168 |
Vanguard Global ex-U.S. Real Estate ETF | 9,654 | 572,096 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS 15 |
MULTI-INDEX LIFESTYLE MODERATE PORTFOLIO (continued)
| Shares or |
|
| Principal |
|
| Amount | Value |
Exchange-traded funds - (continued) |
|
|
Vanguard Intermediate-Term Corporate Bond |
|
|
ETF | 495,630 | $47,372,318 |
Vanguard Materials ETF | 6,129 | 1,146,429 |
Vanguard Mid-Cap ETF | 44,369 | 10,991,976 |
Vanguard Real Estate ETF | 16,028 | 1,740,320 |
Vanguard S&P 500 ETF | 2,826 | 1,172,931 |
Vanguard Short-Term Bond ETF (C) | 23,736 | 1,952,523 |
Vanguard Short-Term Corporate Bond ETF | 105,533 | 8,727,579 |
Vanguard Small-Cap ETF | 26,936 | 6,095,886 |
Vanguard Total Bond Market ETF | 371,515 | 32,121,187 |
Xtrackers USD High Yield Corporate Bond |
|
|
ETF (C) | 518,474 | 20,915,241 |
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost |
| |
$195,337,258) |
| $213,561,964 |
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 8.2% |
| |
U.S. Government - 8.2% |
|
|
U.S. Treasury Inflation Protected Security, |
|
|
0.125%, 01/15/2023 | $2,027,506 | 2,103,352 |
U.S. Treasury Inflation Protected Security, |
|
|
0.125%, 07/15/2024 | 5,493,008 | 5,893,754 |
U.S. Treasury Inflation Protected Security, |
|
|
0.125%, 04/15/2025 | 6,631,074 | 7,155,948 |
U.S. Treasury Inflation Protected Security, |
|
|
0.125%, 04/15/2026 | 1,541,136 | 1,683,631 |
U.S. Treasury STRIPS, PO, 1.949%, 11/15/2048 | 3,956,000 | 2,321,780 |
U.S. Treasury STRIPS, PO, 1.953%, 05/15/2047 | 3,839,000 | 2,318,235 |
U.S. Treasury STRIPS, PO, 1.954%, 02/15/2047 | 1,529,000 | 927,584 |
U.S. Treasury STRIPS, PO, 1.966%, 05/15/2050 | 6,554,000 | 3,717,820 |
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost |
| |
$25,359,538) |
| $26,122,104 |
SHORT-TERM INVESTMENTS - 4.9% |
|
|
Short-term funds - 4.9% |
|
|
John Hancock Collateral Trust, 0.0356% (D)(E) | 1,415,345 | 14,163,498 |
State Street Institutional U.S. Government |
|
|
Money Market Fund, Premier Class, |
|
|
0.0250% (D) | 1,515,833 | 1,515,833 |
TOTAL SHORT-TERM INVESTMENTS (Cost $15,676,651) | $15,679,331 | |
Total investments (Cost $295,365,689) - 104.7% | $333,481,187 | |
Other assets and liabilities, net - (4.7%) |
| (15,088,699) |
TOTAL NET ASSETS - 100.0% |
| $318,392,488 |
|
|
|
MULTI-INDEX LIFESTYLE CONSERVATIVE PORTFOLIO | ||
As of 8-31-21 | Shares or |
|
|
| |
| Principal |
|
| Amount | Value |
AFFILIATED INVESTMENT COMPANIES (A) - 10.3% |
| |
Equity - 10.3% |
|
|
Strategic Equity Allocation, Class NAV, JHF II |
|
|
(MIM US) (B) | 1,681,479 | $25,171,742 |
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost |
|
|
$18,719,643) |
| $25,171,742 |
MULTI-INDEX LIFESTYLE CONSERVATIVE PORTFOLIO (continued)
|
|
| Shares or |
|
|
|
| Principal |
|
|
|
| Amount | Value |
|
|
|
|
|
UNAFFILIATED INVESTMENT COMPANIES - 80.7% |
| |||
Exchange-traded funds - 80.7% |
|
| ||
Invesco Senior Loan ETF (C) | 1,072,631 | $23,748,050 | ||
iShares MSCI Global Min Vol Factor ETF | 60,638 | 6,473,107 | ||
VanEck Vectors J.P. Morgan EM Local Currency |
|
| ||
| Bond ETF | 122,865 | 3,829,702 | |
Vanguard Dividend Appreciation ETF | 27,614 | 4,484,237 | ||
Vanguard Emerging Markets Government |
|
| ||
| Bond ETF | 248,070 | 19,954,751 | |
Vanguard FTSE Developed Markets ETF | 52,567 | 2,757,665 | ||
Vanguard FTSE Emerging Markets ETF (C) | 20,877 | 1,090,406 | ||
Vanguard Intermediate-Term Corporate Bond |
|
| ||
| ETF |
| 543,230 | 51,921,921 |
Vanguard Mid-Cap ETF | 18,071 | 4,476,910 | ||
Vanguard S&P 500 ETF | 10,719 | 4,448,921 | ||
Vanguard Short-Term Bond ETF | 34,015 | 2,798,074 | ||
Vanguard Short-Term Corporate Bond ETF | 108,695 | 8,989,077 | ||
Vanguard Small-Cap ETF | 14,922 | 3,376,998 | ||
Vanguard Total Bond Market ETF | 432,618 | 37,404,152 | ||
Xtrackers USD High Yield Corporate Bond |
|
| ||
| ETF (C) | 511,443 | 20,631,611 | |
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost |
| |||
$186,203,965) |
| $196,385,582 | ||
| U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 8.9% |
| ||
U.S. Government - 8.9% |
|
| ||
U.S. Treasury Inflation Protected Security, |
|
| ||
| 0.125%, 01/15/2023 | $2,618,224 | 2,716,169 | |
U.S. Treasury Inflation Protected Security, |
|
| ||
| 0.125%, 07/15/2024 | 7,095,612 | 7,613,277 | |
U.S. Treasury Inflation Protected Security, |
|
| ||
| 0.125%, 04/15/2025 | 8,564,875 | 9,242,816 | |
U.S. Treasury Inflation Protected Security, |
|
| ||
| 0.125%, 04/15/2026 | 1,990,635 | 2,174,691 | |
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost |
| |||
$21,987,213) |
| $21,746,953 | ||
| SHORT-TERM INVESTMENTS - 6.8% |
|
| |
Short-term funds - 6.8% |
|
| ||
John Hancock Collateral Trust, 0.0356% (D)(E) | 1,582,493 | 15,836,169 | ||
State Street Institutional U.S. Government |
|
| ||
| Money Market Fund, Premier Class, |
|
| |
| 0.0250% (D) | 614,035 | 614,035 | |
TOTAL SHORT-TERM INVESTMENTS (Cost $16,447,777) | $16,450,204 | |||
| Total investments (Cost $243,358,598) - 106.7% | $259,754,481 | ||
|
|
|
| |
| Other assets and liabilities, net - (6.7%) |
| (16,208,818) | |
| TOTAL NET ASSETS - 100.0% |
| $243,545,663 | |
|
|
|
| |
Percentages are based upon net assets. |
|
| ||
Security Abbreviations and Legend |
|
| ||
JHF II | John Hancock Funds II |
|
| |
MIM US | Manulife Investment Management (US) LLC |
|
| |
PO | Principal-Only Security - (Principal Tranche of Stripped Security). Rate shown is the | |||
|
| annualized yield on date of purchase. |
|
|
STRIPS | Separate Trading of Registered Interest and Principal Securities |
|
16 JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
MULTI-INDEX LIFESTYLE CONSERVATIVE PORTFOLIO (continued)
(A)The underlying funds' subadvisor is shown parenthetically.
(B)The subadvisor is an affiliate of the advisor.
(C)All or a portion of this security is on loan as of 8-31-21.
(D)The rate shown is the annualized seven-day yield as of 8-31-21.
(E)Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS 17 |
Financial statements
STATEMENTS OF ASSETS AND LIABILITIES 8-31-21
| Multi-Index | Multi-Index | Multi-Index | Multi-Index | Multi-Index |
| Lifestyle | Lifestyle | Lifestyle | Lifestyle | Lifestyle |
| Aggressive | Growth | Balanced | Moderate | Conservative |
| Portfolio | Portfolio | Portfolio | Portfolio | Portfolio |
Assets |
|
|
|
|
|
Unaffiliated investments, at value (including securites loaned) | $177,325,839 | $557,047,497 | $699,292,446 | $241,199,901 | $218,746,570 |
Affiliated investments, at value | 334,632,395 | 627,185,252 | 479,150,491 | 92,281,286 | 41,007,911 |
Total investments, at value | 511,958,234 | 1,184,232,749 | 1,178,442,937 | 333,481,187 | 259,754,481 |
Dividends and interest receivable | 6 | 6,077 | 12,053 | 5,115 | 6,602 |
Receivable for fund shares sold | 372,714 | 424,604 | 1,256,897 | 794,978 | 465,014 |
Receivable for investments sold | 151,494 | 403,865 | 9,986 | 116,015 | 18,898 |
Receivable for securities lending income | 2,265 | 12,420 | 9,723 | 3,476 | 4,398 |
Receivable from affiliates | — | — | — | 367 | 417 |
Other assets | 30,769 | 42,796 | 43,238 | 27,392 | 43,782 |
Total assets | 512,515,482 | 1,185,122,511 | 1,179,774,834 | 334,428,530 | 260,293,592 |
Liabilities |
|
|
|
|
|
Due to custodian | 115,543 | — | 11,594 | — | — |
Payable for investments purchased | 353,708 | 438,755 | 558,170 | 1,793,594 | 647,137 |
Payable for fund shares repurchased | — | 28,614 | 39,417 | — | 193,583 |
Payable upon return of securities loaned | 2,644,812 | 47,512,162 | 58,383,940 | 14,161,365 | 15,829,774 |
Payable to affiliates |
|
|
|
|
|
Accounting and legal services fees | 19,066 | 42,607 | 42,254 | 11,801 | 9,156 |
Transfer agent fees | 754 | 1,666 | 2,210 | 959 | 844 |
Trustees' fees | 127 | 284 | 282 | 79 | 61 |
Other liabilities and accrued expenses | 70,653 | 78,970 | 79,111 | 68,244 | 67,374 |
Total liabilities | 3,204,663 | 48,103,058 | 59,116,978 | 16,036,042 | 16,747,929 |
Net assets | $509,310,819 | $1,137,019,453 | $1,120,657,856 | $318,392,488 | $243,545,663 |
Net assets consist of |
|
|
|
|
|
Paid-in capital | $388,227,402 | $892,931,068 | $915,019,715 | $278,081,120 | $222,526,943 |
Total distributable earnings (loss) | 121,083,417 | 244,088,385 | 205,638,141 | 40,311,368 | 21,018,720 |
Net assets | $509,310,819 | $1,137,019,453 | $1,120,657,856 | $318,392,488 | $243,545,663 |
Unaffiliated investments, at cost | $132,105,190 | $455,301,217 | $610,700,036 | $222,212,629 | $208,805,213 |
Affiliated investments, at cost | 270,114,745 | 510,356,029 | 383,870,211 | 73,153,060 | 34,553,385 |
Total investments, at cost | 402,219,935 | 965,657,246 | 994,570,247 | 295,365,689 | 243,358,598 |
Securities loaned, at value | $2,507,760 | $43,522,437 | $50,420,173 | $12,967,464 | $15,462,436 |
Net asset value per share |
|
|
|
|
|
The portfolios have an unlimited number of shares authorized with no par value. |
|
|
|
|
|
Net asset value is calculated by dividing the net assets of each class of shares |
|
|
|
|
|
by the number of outstanding shares in the class. |
|
|
|
|
|
Class A1 |
|
|
|
|
|
Net assets | $8,634,554 | $19,826,600 | $28,045,624 | $14,562,442 | $10,897,653 |
Shares outstanding | 576,355 | 1,384,125 | 2,104,407 | 1,180,221 | 940,397 |
Net asset value and redemption price per share | $14.98 | $14.32 | $13.33 | $12.34 | $11.59 |
Class R6 |
|
|
|
|
|
Net assets | $12,060,268 | $20,936,344 | $18,524,599 | $4,265,443 | $3,018,901 |
Shares outstanding | 803,271 | 1,457,109 | 1,390,065 | 345,452 | 260,226 |
Net asset value, offering price and redemption price per share | $15.01 | $14.37 | $13.33 | $12.35 | $11.60 |
Class 1 |
|
|
|
|
|
Net assets | $488,615,997 | $1,096,256,509 | $1,074,087,633 | $299,564,603 | $229,629,109 |
Shares outstanding | 32,574,943 | 76,435,728 | 80,613,192 | 24,263,069 | 19,800,368 |
Net asset value, offering price and redemption price per share | $15.00 | $14.34 | $13.32 | $12.35 | $11.60 |
Maximum offering price per share |
|
|
|
|
|
Class A (net asset value per share ÷ 95%)2 | $15.77 | $15.07 | $14.03 | $12.99 | $12.20 |
1Redemption 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.
18 JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
STATEMENTS OF OPERATIONS For the year ended 8-31-21
| Multi-Index | Multi-Index | Multi-Index | Multi-Index | Multi-Index |
| Lifestyle | Lifestyle | Lifestyle | Lifestyle | Lifestyle |
| Aggressive | Growth | Balanced | Moderate | Conservative |
| Portfolio | Portfolio | Portfolio | Portfolio | Portfolio |
Investment income |
|
|
|
|
|
Dividends from affiliated investments | $4,090,355 | $7,445,185 | $5,571,080 | $1,023,915 | $338,848 |
Dividends from unaffiliated investments | 2,422,276 | 10,058,255 | 14,707,452 | 5,239,346 | 4,980,770 |
Interest | 30,504 | 654,232 | 1,289,178 | 470,745 | 544,347 |
Securities lending | 16,684 | 80,061 | 98,000 | 38,150 | 33,386 |
Total investment income | 6,559,819 | 18,237,733 | 21,665,710 | 6,772,156 | 5,897,351 |
Expenses |
|
|
|
|
|
Investment management fees | 851,082 | 2,596,167 | 3,257,522 | 1,076,112 | 989,879 |
Distribution and service fees | 217,749 | 501,263 | 511,204 | 144,355 | 113,516 |
Accounting and legal services fees | 64,217 | 146,405 | 147,893 | 41,196 | 32,428 |
Transfer agent fees | 2,273 | 3,972 | 4,770 | 1,954 | 1,597 |
Trustees' fees | 7,537 | 17,260 | 17,718 | 5,057 | 3,919 |
Custodian fees | 33,576 | 33,583 | 33,583 | 33,574 | 33,573 |
State registration fees | 19,244 | 18,373 | 18,081 | 18,127 | 18,168 |
Printing and postage | 14,383 | 9,911 | 10,137 | 14,377 | 14,374 |
Professional fees | 47,272 | 61,277 | 61,823 | 43,560 | 42,017 |
Other | 20,648 | 33,277 | 35,207 | 20,362 | 18,843 |
Total expenses | 1,277,981 | 3,421,488 | 4,097,938 | 1,398,674 | 1,268,314 |
Less expense reductions | — | — | — | (30,006) | (48,311) |
Net expenses | 1,277,981 | 3,421,488 | 4,097,938 | 1,368,668 | 1,220,003 |
Net investment income | 5,281,838 | 14,816,245 | 17,567,772 | 5,403,488 | 4,677,348 |
Realized and unrealized gain (loss) |
|
|
|
|
|
Net realized gain (loss) on |
|
|
|
|
|
Unaffiliated investments | 12,715,329 | 21,160,486 | 22,997,303 | 4,376,691 | 4,890,369 |
Affiliated investments | (338,253) | (34,254) | 1,980,042 | 819,073 | 1,485,176 |
Capital gain distributions received from unaffiliated investments | — | 273,258 | 639,231 | 293,782 | 334,965 |
Capital gain distributions received from affiliated investments | 12,840,923 | 23,372,797 | 17,489,387 | 3,214,394 | 1,063,752 |
| 25,217,999 | 44,772,287 | 43,105,963 | 8,703,940 | 7,774,262 |
Change in net unrealized appreciation (depreciation) of |
|
|
|
|
|
Unaffiliated investments | 26,719,463 | 57,399,602 | 40,550,706 | 6,676,220 | (36,435) |
Affiliated investments | 56,723,667 | 101,577,511 | 73,986,937 | 13,335,619 | 3,326,784 |
| 83,443,130 | 158,977,113 | 114,537,643 | 20,011,839 | 3,290,349 |
Net realized and unrealized gain | 108,661,129 | 203,749,400 | 157,643,606 | 28,715,779 | 11,064,611 |
Increase in net assets from operations | $113,942,967 | $218,565,645 | $175,211,378 | $34,119,267 | $15,741,959 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS 19 |
STATEMENTS OF CHANGES IN NET ASSETS
| Multi-Index Lifestyle Aggressive | Multi-Index Lifestyle Growth | Multi-Index Lifestyle Balanced | |||||||
| Portfolio | Portfolio | Portfolio | |||||||
| Year ended |
| Year ended | Year ended |
| Year ended | Year ended |
| Year ended | |
|
|
|
| |||||||
| 8-31-21 |
| 8-31-20 | 8-31-21 |
| 8-31-20 | 8-31-21 |
| 8-31-20 |
|
|
|
|
|
|
|
|
|
|
|
|
Increase (decrease) in net assets |
|
|
|
|
|
|
|
|
|
|
From operations |
|
|
|
|
|
|
|
|
|
|
Net investment income | $5,281,838 |
| $6,624,175 | $14,816,245 |
| $17,616,638 | $17,567,772 |
| $20,323,765 |
|
|
|
|
|
|
|
|
|
|
|
|
Net realized gain | 25,217,999 |
| 3,120,113 | 44,772,287 |
| 12,017,561 | 43,105,963 |
| 14,095,398 |
|
Change in net unrealized appreciation (depreciation) | 83,443,130 |
| 34,950,636 | 158,977,113 |
| 66,986,373 | 114,537,643 |
| 56,516,150 |
|
Increase in net assets resulting from operations | 113,942,967 |
| 44,694,924 | 218,565,645 |
| 96,620,572 | 175,211,378 |
| 90,935,313 |
|
|
|
|
|
|
|
|
|
|
|
|
Distributions to shareholders |
|
|
|
|
|
|
|
|
|
|
From earnings |
|
|
|
|
|
|
|
|
|
|
Class A | — |
| — | — |
| — | (17,552) |
| — | |
|
|
|
|
|
|
|
|
|
|
|
Class R6 | (336,585) |
| (380,187) | (493,679) |
| (503,695) | (429,403) |
| (408,113) |
|
Class 1 | (13,569,816) |
| (32,109,372) | (34,640,697) |
| (66,128,412) | (37,908,349) |
| (58,929,731) |
|
|
|
|
|
|
|
|
|
|
| |
Total distributions | (13,906,401) |
| (32,489,559) | (35,134,376) |
| (66,632,107) | (38,355,304) |
| (59,337,844) | |
|
|
|
|
|
|
|
|
|
|
|
Portfolio share transactions |
|
|
|
|
|
|
|
|
|
|
From portfolio share transactions | 22,556,214 |
| 34,910,880 | 58,998,201 |
| 35,322,267 | 45,876,197 |
| 9,348,321 |
|
|
|
|
|
|
|
|
|
|
|
|
Total increase | 122,592,780 |
| 47,116,245 | 242,429,470 |
| 65,310,732 | 182,732,271 |
| 40,945,790 |
|
|
|
|
|
|
|
|
|
|
|
|
Net assets |
|
|
|
|
|
|
|
|
|
|
Beginning of year | 386,718,039 |
| 339,601,794 | 894,589,983 |
| 829,279,251 | 937,925,585 |
| 896,979,795 |
|
|
|
|
|
|
|
|
|
|
|
|
End of year | $509,310,819 |
| $386,718,039 | $1,137,019,453 |
| $894,589,983 | $1,120,657,856 |
| $937,925,585 |
|
20 JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
STATEMENTS OF CHANGES IN NET ASSETS
Continued
| Multi-Index Lifestyle Moderate | Multi-Index Lifestyle Conservative | |||||
| Portfolio | Portfolio | |||||
| Year ended |
| Year ended | Year ended |
| Year ended | |
|
|
| |||||
| 8-31-21 |
| 8-31-20 | 8-31-21 |
| 8-31-20 |
|
|
|
|
|
|
|
|
|
Increase (decrease) in net assets |
|
|
|
|
|
|
|
From operations |
|
|
|
|
|
|
|
Net investment income | $5,403,488 |
| $6,169,937 | $4,677,348 |
| $4,600,347 |
|
|
|
|
|
|
|
|
|
Net realized gain | 8,703,940 |
| 3,288,434 | 7,774,262 |
| 1,627,526 |
|
Change in net unrealized appreciation (depreciation) | 20,011,839 |
| 11,436,079 | 3,290,349 |
| 6,828,622 |
|
Increase in net assets resulting from operations | 34,119,267 |
| 20,894,450 | 15,741,959 |
| 13,056,495 |
|
|
|
|
|
|
|
|
|
Distributions to shareholders |
|
|
|
|
|
|
|
From earnings |
|
|
|
|
|
|
|
Class A | (11,070) |
| — | (10,503) |
| — | |
|
|
|
|
|
|
|
|
Class R6 | (88,045) |
| (61,085) | (60,430) |
| (16,807) |
|
Class 1 | (10,810,460) |
| (13,975,893) | (7,170,640) |
| (7,258,629) |
|
|
|
|
|
|
|
| |
Total distributions | (10,909,575) |
| (14,036,978) | (7,241,573) |
| (7,275,436) | |
|
|
|
|
|
|
|
|
Portfolio share transactions |
|
|
|
|
|
|
|
From portfolio share transactions | 36,761,600 |
| (11,599,900) | 34,369,425 |
| 10,695,540 |
|
|
|
|
|
|
|
|
|
Total increase (decrease) | 59,971,292 |
| (4,742,428) | 42,869,811 |
| 16,476,599 |
|
|
|
|
|
|
|
|
|
Net assets |
|
|
|
|
|
|
|
Beginning of year | 258,421,196 |
| 263,163,624 | 200,675,852 |
| 184,199,253 |
|
|
|
|
|
|
|
|
|
End of year | $318,392,488 |
| $258,421,196 | $243,545,663 |
| $200,675,852 |
|
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS 21 |
Financial highlights
Multi-Index Lifestyle Aggressive Portfolio
Per share operating performance for a share outstanding throughout each period |
|
| Ratios and supplemental data |
|
| ||||||||||
|
| Income (loss) from |
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|
|
|
| ||
|
| investment operations |
| Less distributions |
|
|
| Ratios to average net assets |
|
| |||||
| Net asset |
|
| Net real- |
|
|
|
|
|
|
|
|
|
|
|
|
|
| ized and |
|
|
|
|
|
|
|
|
| Net |
| |
| value, | Net | unrealized | Total from |
|
|
| Net asset |
| Expenses | Expenses | Net | assets, |
| |
| beginning | investment | gain (loss) | investment | From net | From net | Total | value, | Total | before | including | investment | end of | Portfolio | |
| of period | income | on invest- | operations | investment | realized | distribu- | end of | return | reductions | reductions | income | period | turnover | |
Period ended | ($) | (loss) ($)1, 2 | ments ($) | ($) | income ($) | gain ($) | tions ($) | period ($) | (%)3 | (%)4 | (%)4 | (loss) (%)2 | (in millions) | (%) | |
Multi-Index Lifestyle Aggressive Portfolio |
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| |||
Class A |
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|
|
|
|
|
|
|
|
|
|
|
|
|
08-31-20215 | 14.31 | (0.02) |
| 0.69 | 0.67 | — | — | — | 14.98 | 4.686,7 | 0.658 | 0.658 | (0.30)8 | 9 | 17 |
Class R6 |
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|
|
|
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|
|
|
|
|
|
|
08-31-2021 | 11.94 | 0.17 |
| 3.34 | 3.51 | (0.17) | (0.27) | (0.44) | 15.01 | 30.02 | 0.25 | 0.25 | 1.22 | 12 | 17 |
08-31-2020 | 11.57 | 0.16 |
| 1.32 | 1.48 | (0.23) | (0.88) | (1.11) | 11.94 | 13.00 | 0.26 | 0.26 | 1.48 | 8 | 21 |
08-31-2019 | 13.12 | 0.19 |
| (0.50) | (0.31) | (0.20) | (1.04) | (1.24) | 11.57 | (0.88) | 0.25 | 0.25 | 1.62 | 4 | 14 |
08-31-2018 | 12.31 | 0.12 |
| 1.42 | 1.54 | (0.21) | (0.52) | (0.73) | 13.12 | 12.73 | 0.26 | 0.25 | 0.93 | 4 | 15 |
08-31-2017 | 10.94 | 0.18 |
| 1.54 | 1.72 | (0.19) | (0.16) | (0.35) | 12.31 | 16.07 | 0.27 | 0.25 | 1.57 | —9 | 13 |
Class 1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
08-31-2021 | 11.93 | 0.16 |
| 3.35 | 3.51 | (0.17) | (0.27) | (0.44) | 15.00 | 30.00 | 0.29 | 0.29 | 1.20 | 489 | 17 |
08-31-2020 | 11.56 | 0.21 |
| 1.27 | 1.48 | (0.23) | (0.88) | (1.11) | 11.93 | 12.98 | 0.30 | 0.29 | 1.90 | 379 | 21 |
08-31-2019 | 13.12 | 0.19 |
| (0.51) | (0.32) | (0.20) | (1.04) | (1.24) | 11.56 | (1.01) | 0.29 | 0.29 | 1.61 | 336 | 14 |
08-31-2018 | 12.31 | 0.19 |
| 1.34 | 1.53 | (0.20) | (0.52) | (0.72) | 13.12 | 12.69 | 0.29 | 0.29 | 1.52 | 324 | 15 |
08-31-2017 | 10.94 | 0.16 |
| 1.55 | 1.71 | (0.18) | (0.16) | (0.34) | 12.31 | 16.04 | 0.31 | 0.29 | 1.37 | 245 | 13 |
1Based on average daily shares outstanding.
2Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests.
3Total returns would have been lower had certain expenses not been reduced during the applicable periods.
4Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.
5The inception date for Class A shares is 4-26-21.
6Not annualized.
7Does not reflect the effect of sales charges, if any.
8Annualized.
9Less than $500,000.
22 JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Multi-Index Lifestyle Growth Portfolio
Per share operating performance for a share outstanding throughout each period |
|
| Ratios and supplemental data |
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| |||||||||
|
| Income (loss) from in- |
|
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|
|
|
|
|
|
| |
|
| vestment operations |
| Less distributions |
|
|
| Ratios to average net assets |
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| ||||
| Net asset |
| Net real- |
|
|
|
|
|
|
|
|
|
|
|
|
| ized and |
|
|
|
|
|
|
|
|
| Net |
| |
| value, | Net | unrealized | Total from |
|
|
| Net asset |
| Expenses | Expenses | Net | assets, |
|
| beginning | investment | gain (loss) | investment | From net | From net | Total | value, | Total | before | including | investment | end of | Portfolio |
| of period | income | on invest- | operations | investment | realized | distribu- | end of | return | reductions | reductions | income | period | turnover |
Period ended | ($) | (loss) ($)1, 2 | ments ($) | ($) | income ($) | gain ($) | tions ($) | period ($) | (%)3 | (%)4 | (%)4 | (loss) (%)2 | (in millions) | (%) |
Multi-Index Lifestyle Growth Portfolio |
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|
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| ||
Class A |
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|
|
|
|
|
|
|
08-31-20215 | 13.73 | — | 0.59 | 0.59 | — | — | — | 14.32 | 4.306,7 | 0.708 | 0.708 | 0.068 | 20 | 22 |
Class R6 |
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|
08-31-2021 | 11.97 | 0.19 | 2.68 | 2.87 | (0.20) | (0.27) | (0.47) | 14.37 | 24.56 | 0.30 | 0.30 | 1.43 | 21 | 22 |
08-31-2020 | 11.56 | 0.23 | 1.11 | 1.34 | (0.26) | (0.67) | (0.93) | 11.97 | 11.88 | 0.31 | 0.31 | 2.07 | 7 | 32 |
08-31-2019 | 12.56 | 0.23 | (0.21) | 0.02 | (0.23) | (0.79) | (1.02) | 11.56 | 1.30 | 0.30 | 0.30 | 1.99 | 6 | 13 |
08-31-2018 | 12.02 | 0.17 | 1.00 | 1.17 | (0.22) | (0.41) | (0.63) | 12.56 | 9.85 | 0.30 | 0.30 | 1.44 | 5 | 16 |
08-31-2017 | 10.97 | 0.22 | 1.15 | 1.37 | (0.20) | (0.12) | (0.32) | 12.02 | 12.82 | 0.31 | 0.31 | 1.90 | 1 | 15 |
Class 1 |
|
|
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|
|
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|
|
|
|
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|
|
08-31-2021 | 11.95 | 0.19 | 2.67 | 2.86 | (0.20) | (0.27) | (0.47) | 14.34 | 24.48 | 0.34 | 0.34 | 1.48 | 1,096 | 22 |
08-31-2020 | 11.54 | 0.24 | 1.10 | 1.34 | (0.26) | (0.67) | (0.93) | 11.95 | 11.86 | 0.34 | 0.34 | 2.10 | 887 | 32 |
08-31-2019 | 12.54 | 0.22 | (0.20) | 0.02 | (0.23) | (0.79) | (1.02) | 11.54 | 1.27 | 0.34 | 0.34 | 1.96 | 823 | 13 |
08-31-2018 | 12.01 | 0.22 | 0.93 | 1.15 | (0.21) | (0.41) | (0.62) | 12.54 | 9.75 | 0.34 | 0.34 | 1.83 | 756 | 16 |
08-31-2017 | 10.96 | 0.19 | 1.18 | 1.37 | (0.20) | (0.12) | (0.32) | 12.01 | 12.78 | 0.34 | 0.34 | 1.67 | 611 | 15 |
1Based on average daily shares outstanding.
2Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests.
3Total returns would have been lower had certain expenses not been reduced during the applicable periods.
4Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.
5The inception date for Class A shares is 4-26-21.
6Not annualized.
7Does not reflect the effect of sales charges, if any.
8Annualized.
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS 23 |
Financial highlights continued
Multi-Index Lifestyle Balanced Portfolio
Per share operating performance for a share outstanding throughout each period |
|
| Ratios and supplemental data |
|
| |||||||||
|
| Income (loss) from in- |
|
|
|
|
|
|
|
|
|
|
| |
|
| vestment operations |
| Less distributions |
|
|
| Ratios to average net assets |
|
| ||||
| Net asset |
| Net real- |
|
|
|
|
|
|
|
|
|
|
|
|
| ized and |
|
|
|
|
|
|
|
|
| Net |
| |
| value, | Net | unrealized | Total from |
|
|
| Net asset |
| Expenses | Expenses | Net | assets, |
|
| beginning | investment | gain (loss) | investment | From net | From net | Total | value, | Total | before | including | investment | end of | Portfolio |
| of period | income | on invest- | operations | investment | realized | distribu- | end of | return | reductions | reductions | income | period | turnover |
Period ended | ($) | (loss) ($)1, 2 | ments ($) | ($) | income ($) | gain ($) | tions ($) | period ($) | (%)3 | (%)4 | (%)4 | (loss) (%)2 | (in millions) | (%) |
Multi-Index Lifestyle Balanced Portfolio |
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| ||
Class A |
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|
|
08-31-20215 | 12.84 | 0.02 | 0.50 | 0.52 | (0.03) | — | (0.03) | 13.33 | 4.066,7 | 0.768 | 0.768 | 0.558 | 28 | 32 |
Class R6 |
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|
|
|
|
|
|
|
|
|
|
|
|
|
08-31-2021 | 11.66 | 0.21 | 1.94 | 2.15 | (0.22) | (0.26) | (0.48) | 13.33 | 18.91 | 0.36 | 0.36 | 1.69 | 19 | 32 |
08-31-2020 | 11.26 | 0.25 | 0.90 | 1.15 | (0.27) | (0.48) | (0.75) | 11.66 | 10.50 | 0.37 | 0.37 | 2.23 | 7 | 42 |
08-31-2019 | 11.79 | 0.26 | 0.03 | 0.29 | (0.26) | (0.56) | (0.82) | 11.26 | 3.26 | 0.36 | 0.36 | 2.32 | 6 | 21 |
08-31-2018 | 11.48 | 0.21 | 0.63 | 0.84 | (0.24) | (0.29) | (0.53) | 11.79 | 7.38 | 0.36 | 0.36 | 1.86 | 5 | 17 |
08-31-2017 | 10.78 | 0.23 | 0.80 | 1.03 | (0.23) | (0.10) | (0.33) | 11.48 | 9.79 | 0.36 | 0.36 | 2.14 | —9 | 22 |
Class 1 |
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08-31-2021 | 11.65 | 0.22 | 1.93 | 2.15 | (0.22) | (0.26) | (0.48) | 13.32 | 18.87 | 0.40 | 0.40 | 1.73 | 1,074 | 32 |
08-31-2020 | 11.26 | 0.25 | 0.88 | 1.13 | (0.26) | (0.48) | (0.74) | 11.65 | 10.36 | 0.41 | 0.41 | 2.26 | 931 | 42 |
08-31-2019 | 11.78 | 0.25 | 0.05 | 0.30 | (0.26) | (0.56) | (0.82) | 11.26 | 3.31 | 0.40 | 0.40 | 2.30 | 891 | 21 |
08-31-2018 | 11.48 | 0.24 | 0.58 | 0.82 | (0.23) | (0.29) | (0.52) | 11.78 | 7.25 | 0.40 | 0.40 | 2.06 | 865 | 17 |
08-31-2017 | 10.78 | 0.21 | 0.81 | 1.02 | (0.22) | (0.10) | (0.32) | 11.48 | 9.75 | 0.40 | 0.40 | 1.90 | 719 | 22 |
1Based on average daily shares outstanding.
2Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests.
3Total returns would have been lower had certain expenses not been reduced during the applicable periods.
4Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.
5The inception date for Class A shares is 4-26-21.
6Not annualized.
7Does not reflect the effect of sales charges, if any.
8Annualized.
9Less than $500,000.
24 JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Multi-Index Lifestyle Moderate Portfolio
Per share operating performance for a share outstanding throughout each period |
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| Ratios and supplemental data |
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| Income (loss) from in- |
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| vestment operations |
| Less distributions |
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| Ratios to average net assets |
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| Net asset |
| Net real- |
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| ized and |
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| Net |
| |
| value, | Net | unrealized | Total from |
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| Net asset |
| Expenses | Expenses | Net | assets, |
|
| beginning | investment | gain (loss) | investment | From net | From net | Total | value, | Total | before | including | investment | end of | Portfolio |
| of period | income | on invest- | operations | investment | realized | distribu- | end of | return | reductions | reductions | income | period | turnover |
Period ended | ($) | (loss) ($)1, 2 | ments ($) | ($) | income ($) | gain ($) | tions ($) | period ($) | (%)3 | (%)4 | (%)4 | (loss) (%)2 | (in millions) | (%) |
Multi-Index Lifestyle Moderate Portfolio |
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Class A |
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|
08-31-20215 | 11.98 | 0.04 | 0.36 | 0.40 | (0.04) | — | (0.04) | 12.34 | 3.336,7 | 0.858 | 0.848 | 0.978 | 15 | 34 |
Class R6 |
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|
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|
|
08-31-2021 | 11.40 | 0.21 | 1.21 | 1.42 | (0.22) | (0.25) | (0.47) | 12.35 | 12.73 | 0.45 | 0.44 | 1.81 | 4 | 34 |
08-31-2020 | 11.08 | 0.26 | 0.66 | 0.92 | (0.28) | (0.32) | (0.60) | 11.40 | 8.58 | 0.46 | 0.44 | 2.35 | 1 | 48 |
08-31-2019 | 11.15 | 0.28 | 0.28 | 0.56 | (0.29) | (0.34) | (0.63) | 11.08 | 5.58 | 0.44 | 0.44 | 2.56 | 1 | 21 |
08-31-2018 | 11.08 | 0.26 | 0.21 | 0.47 | (0.24) | (0.16) | (0.40) | 11.15 | 4.37 | 0.45 | 0.44 | 2.37 | 1 | 20 |
08-31-2017 | 10.67 | 0.25 | 0.45 | 0.70 | (0.23) | (0.06) | (0.29) | 11.08 | 6.75 | 0.47 | 0.44 | 2.30 | 1 | 24 |
Class 1 |
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08-31-2021 | 11.40 | 0.23 | 1.19 | 1.42 | (0.22) | (0.25) | (0.47) | 12.35 | 12.69 | 0.49 | 0.48 | 1.91 | 300 | 34 |
08-31-2020 | 11.08 | 0.26 | 0.66 | 0.92 | (0.28) | (0.32) | (0.60) | 11.40 | 8.54 | 0.49 | 0.48 | 2.41 | 257 | 48 |
08-31-2019 | 11.14 | 0.27 | 0.29 | 0.56 | (0.28) | (0.34) | (0.62) | 11.08 | 5.64 | 0.48 | 0.48 | 2.55 | 262 | 21 |
08-31-2018 | 11.07 | 0.25 | 0.22 | 0.47 | (0.24) | (0.16) | (0.40) | 11.14 | 4.34 | 0.49 | 0.48 | 2.28 | 239 | 20 |
08-31-2017 | 10.67 | 0.23 | 0.46 | 0.69 | (0.23) | (0.06) | (0.29) | 11.07 | 6.61 | 0.50 | 0.47 | 2.10 | 198 | 24 |
1Based on average daily shares outstanding.
2Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests.
3Total returns would have been lower had certain expenses not been reduced during the applicable periods.
4Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.
5The inception date for Class A shares is 4-26-21.
6Not annualized.
7Does not reflect the effect of sales charges, if any.
8Annualized.
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS 25 |
Financial highlights continued
Multi-Index Lifestyle Conservative Portfolio
Per share operating performance for a share outstanding throughout each period |
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| Ratios and supplemental data |
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| |||||||||
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| Income (loss) from in- |
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|
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| |
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| vestment operations |
| Less distributions |
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|
| Ratios to average net assets |
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| ||||
| Net asset |
| Net real- |
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|
|
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| ized and |
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|
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|
| Net |
| |
| value, | Net | unrealized | Total from |
|
|
| Net asset |
| Expenses | Expenses | Net | assets, |
|
| beginning | investment | gain (loss) | investment | From net | From net | Total | value, | Total | before | including | investment | end of | Portfolio |
| of period | income | on invest- | operations | investment | realized | distribu- | end of | return | reductions | reductions | income | period | turnover |
Period ended | ($) | (loss) ($)1, 2 | ments ($) | ($) | income ($) | gain ($) | tions ($) | period ($) | (%)3 | (%)4 | (%)4 | (loss) (%)2 | (in millions) | (%) |
Multi-Index Lifestyle Conservative Portfolio |
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| |||
Class A |
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|
|
|
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|
|
|
|
|
|
08-31-20215 | 11.36 | 0.06 | 0.22 | 0.28 | (0.05) | — | (0.05) | 11.59 | 2.436,7 | 0.938 | 0.918 | 1.538 | 11 | 43 |
Class R6 |
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|
|
|
|
|
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|
|
|
|
|
|
08-31-2021 | 11.19 | 0.24 | 0.55 | 0.79 | (0.23) | (0.15) | (0.38) | 11.60 | 7.20 | 0.53 | 0.51 | 2.09 | 3 | 43 |
08-31-2020 | 10.84 | 0.21 | 0.56 | 0.77 | (0.27) | (0.15) | (0.42) | 11.19 | 7.37 | 0.54 | 0.51 | 2.02 | 2 | 57 |
08-31-2019 | 10.57 | 0.24 | 0.47 | 0.71 | (0.28) | (0.16) | (0.44) | 10.84 | 7.09 | 0.51 | 0.50 | 2.35 | —9 | 21 |
08-31-2018 | 10.75 | 0.28 | (0.11) | 0.17 | (0.25) | (0.10) | (0.35) | 10.57 | 1.61 | 0.53 | 0.50 | 2.62 | —9 | 24 |
08-31-2017 | 10.65 | 0.24 | 0.17 | 0.41 | (0.24) | (0.07) | (0.31) | 10.75 | 3.95 | 0.55 | 0.50 | 2.32 | —9 | 36 |
Class 1 |
|
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|
|
|
08-31-2021 | 11.18 | 0.24 | 0.55 | 0.79 | (0.22) | (0.15) | (0.37) | 11.60 | 7.26 | 0.57 | 0.55 | 2.10 | 230 | 43 |
08-31-2020 | 10.83 | 0.27 | 0.50 | 0.77 | (0.27) | (0.15) | (0.42) | 11.18 | 7.33 | 0.57 | 0.54 | 2.50 | 199 | 57 |
08-31-2019 | 10.56 | 0.28 | 0.43 | 0.71 | (0.28) | (0.16) | (0.44) | 10.83 | 7.05 | 0.55 | 0.54 | 2.73 | 184 | 21 |
08-31-2018 | 10.74 | 0.25 | (0.09) | 0.16 | (0.24) | (0.10) | (0.34) | 10.56 | 1.57 | 0.57 | 0.54 | 2.41 | 156 | 24 |
08-31-2017 | 10.65 | 0.23 | 0.16 | 0.39 | (0.23) | (0.07) | (0.30) | 10.74 | 3.82 | 0.59 | 0.54 | 2.19 | 130 | 36 |
1Based on average daily shares outstanding.
2Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests.
3Total returns would have been lower had certain expenses not been reduced during the applicable periods.
4Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.
5The inception date for Class A shares is 4-26-21.
6Not annualized.
7Does not reflect the effect of sales charges, if any.
8Annualized.
9Less than $500,000.
26 JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Notes to financial statements
Note 1 — Organization
John Hancock Funds II (the Trust) is an open-end management investment company organized as a Massachusetts business trust. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act). It is a series company with multiple investment series, five of which are presented in this report (collectively, Multi-Index Lifestyle Portfolios, or the portfolios and individually, the portfolio). The portfolios operate as "funds of funds" that may invest in affiliated underlying funds of the Trust, other funds in the John Hancock group of funds complex, non-John Hancock funds and certain other permitted investments.
The portfolios may offer multiple classes of shares. The shares currently offered by the portfolios are detailed in the Statements of assets and liabilities. Class A shares are open to all investors. Class R6 shares are only available to certain retirement plans, institutions and other investors. Class 1 shares are offered only to certain affiliates of Manulife Financial Corporation. Shareholders of each class have exclusive voting rights to matters that affect that class. The distribution and service fees, if any, and transfer agent fees for each class may differ.
The investment objectives of the portfolios are as follows:
Multi-Index Lifestyle Aggressive Portfolio
To seek long-term growth of capital. Current income is not a consideration.
Multi-Index Lifestyle Growth Portfolio
To seek long-term growth of capital. Current income is also a consideration.
Multi-Index Lifestyle Balanced Portfolio
To seek a balance between a high level of current income and growth of capital, with a greater emphasis on growth of capital.
Multi-Index Lifestyle Moderate Portfolio
To seek a balance between a high level of current income and growth of capital, with a greater emphasis on income.
Multi-Index Lifestyle Conservative Portfolio
To seek a high level of current income with some consideration given to growth of capital.
The accounting policies of the underlying funds in which the portfolios invest are outlined in the underlying funds' shareholder reports, which include the underlying funds' financial statements. These are available on the Securities and Exchange Commission (SEC) website at sec.gov. John Hancock underlying funds' shareholder reports are also available without charge by calling 800-225-5291 or visiting jhinvestments.com. The underlying funds are not covered by this report.
The inception date for Class A shares is April 26, 2021.
Note 2 — Significant accounting policies
The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (US GAAP), which require management to make certain estimates and assumptions as of the date of the financial statements. Actual results could differ from those estimates and those differences could be significant. The portfolios qualify as investment companies under Topic 946 of Accounting Standards Codification of US GAAP.
Events or transactions occurring after the end of the fiscal period through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the portfolios:
Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In case of emergency or other disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value (NAV) may be determined as of the regularly scheduled close of the NYSE pursuant to the portfolios' Valuation Policies and Procedures.
In order to value the securities, the portfolios use the following valuation techniques: Investments by the portfolios in underlying affiliated funds and other open-end mutual funds, including John Hancock Collateral Trust (JHCT), are valued at their respective NAVs each business day. ETFs held by the portfolios are valued at the last sale price or official closing price on the exchange or principal market where the security trades. In the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price. Debt obligations are typically valued based on evaluated prices provided by an independent pricing vendor. Independent pricing vendors utilize matrix pricing, which takes into account factors such as institutional-size trading in similar groups of securities, yield, quality, coupon rate, maturity, type of issue, trading characteristics and other market data, as well as broker supplied prices.
In certain instances, the Pricing Committee may determine to value equity securities using prices obtained from another exchange or market if trading on the exchange or market on which prices are typically obtained did not open for trading as scheduled, or if trading closed earlier than scheduled, and trading occurred as normal on another exchange or market.
Other portfolio securities and assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the portfolios' Pricing Committee following procedures established by the Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready market for such securities existed.
ANNUAL REPORT | JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS 27
The portfolios use a three-tier hierarchy to prioritize the pricing assumptions, referred to as inputs, used in valuation techniques to measure fair value. Level 1 includes securities valued using quoted prices in active markets for identical securities, including registered investment companies. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the portfolios' own assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.
The following is a summary of the values by input classification of the portfolios' investments as of August 31, 2021, by major security category or type:
|
|
| Level 2 | Level 3 |
| Total |
| significant | significant |
| value at | Level 1 | observable | unobservable |
| 8-31-21 | quoted price | inputs | inputs |
Multi-Index Lifestyle Aggressive Portfolio |
|
|
|
|
|
|
|
|
|
Investments in securities: |
|
|
|
|
Assets |
|
|
|
|
|
|
|
|
|
Affiliated investment companies | $331,984,929 | $331,984,929 | — | — |
|
|
|
|
|
Unaffiliated investment companies | 172,392,622 | 172,392,622 | — | — |
U.S. Government and Agency obligations | 4,932,166 | — | $4,932,166 | — |
|
|
|
|
|
Short-term investments | 2,648,517 | 2,648,517 | — | — |
Total investments in securities | $511,958,234 | $507,026,068 | $4,932,166 | — |
Multi-Index Lifestyle Growth Portfolio |
|
|
|
|
|
|
|
|
|
Investments in securities: |
|
|
|
|
Assets |
|
|
|
|
|
|
|
|
|
Affiliated investment companies | $579,669,220 | $579,669,220 | — | — |
|
|
|
|
|
Unaffiliated investment companies | 512,843,447 | 512,843,447 | — | — |
U.S. Government and Agency obligations | 44,181,464 | — | $44,181,464 | — |
|
|
|
|
|
Short-term investments | 47,538,618 | 47,538,618 | — | — |
Total investments in securities | $1,184,232,749 | $1,140,051,285 | $44,181,464 | — |
Multi-Index Lifestyle Balanced Portfolio |
|
|
|
|
|
|
|
|
|
Investments in securities: |
|
|
|
|
Assets |
|
|
|
|
Affiliated investment companies | $420,763,355 | $420,763,355 | — | — |
|
|
|
|
|
Unaffiliated investment companies | 609,800,532 | 609,800,532 | — | — |
U.S. Government and Agency obligations | 88,932,403 | — | $88,932,403 | — |
|
|
|
|
|
Short-term investments | 58,946,647 | 58,946,647 | — | — |
Total investments in securities | $1,178,442,937 | $1,089,510,534 | $88,932,403 | — |
Multi-Index Lifestyle Moderate Portfolio |
|
|
|
|
|
|
|
|
|
Investments in securities: |
|
|
|
|
Assets |
|
|
|
|
Affiliated investment companies | $78,117,788 | $78,117,788 | — | — |
|
|
|
|
|
Unaffiliated investment companies | 213,561,964 | 213,561,964 | — | — |
U.S. Government and Agency obligations | 26,122,104 | — | $26,122,104 | — |
|
|
|
|
|
Short-term investments | 15,679,331 | 15,679,331 | — | — |
|
|
|
|
|
Total investments in securities | $333,481,187 | $307,359,083 | $26,122,104 | — |
Multi-Index Lifestyle Conservative Portfolio |
|
|
|
|
|
|
|
|
|
Investments in securities: |
|
|
|
|
Assets |
|
|
|
|
Affiliated investment companies | $25,171,742 | $25,171,742 | — | — |
|
|
|
|
|
Unaffiliated investment companies | 196,385,582 | 196,385,582 | — | — |
U.S. Government and Agency obligations | 21,746,953 | — | $21,746,953 | — |
Short-term investments | 16,450,204 | 16,450,204 | — | — |
|
|
|
|
|
Total investments in securities | $259,754,481 | $238,007,528 | $21,746,953 | — |
28 JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS | ANNUAL REPORT
Inflation-indexed bonds. Inflation-indexed bonds are securities that generally have a lower coupon interest rate fixed at issuance but whose principal value is periodically adjusted based on a rate of inflation, such as the Consumer Price Index. Over the life of an inflation-indexed bond, interest is paid on the inflation adjusted principal value as described above. Increases in the principal amount of these securities are recorded as interest income. Decreases in the principal amount of these securities may reduce interest income to the extent of income previously recorded. If these decreases are in excess of income previously recorded, an adjustment to the cost of the security is made.
Stripped securities. Stripped securities are financial instruments structured to separate principal and interest cash flows so that one class receives principal payments from the underlying assets (PO or principal only), while the other class receives the interest cash flows (IO or interest only). Both PO and IO investments represent an interest in the cash flows of an underlying stripped security. If the underlying assets experience greater than anticipated prepayments of principal, the portfolios may fail to fully recover its initial investment in an IO security. The market value of these securities can be extremely volatile in response to changes in interest rates or prepayments on the underlying securities. In addition, these securities present additional credit risk such that the portfolios may not receive all or part of its principal or interest payments because the borrower or issuer has defaulted on its obligation.
Security transactions and related investment income. Investment security transactions are accounted for on a trade date plus one basis for daily NAV calculations. However, for financial reporting purposes, investment transactions are reported on trade date. Interest income is accrued as earned. Interest income includes coupon interest and amortization/accretion of premiums/discounts on debt securities. Debt obligations may be placed in a non-accrual status and related interest income may be reduced by stopping current accruals and writing off interest receivable when the collection of all or a portion of interest has become doubtful. Capital gain distributions from underlying funds are recorded on ex-date. Dividend income is recorded on ex-date, except for dividends of certain foreign securities where the dividend may not be known until after the ex-date. In those cases, dividend income, net of withholding taxes, is recorded when the portfolio becomes aware of the dividends. Non-cash dividends, if any, are recorded at the fair market value of the securities received. Gains and losses on securities sold are determined on the basis of identified cost and may include proceeds from litigation. Return of capital distributions from underlying funds, if any, are treated as a reduction of cost.
Securities lending. The portfolios may lend their securities to earn additional income. The portfolios receive collateral from the borrower in an amount not less than the market value of the loaned securities. The portfolios will invest their cash collateral in JHCT, an affiliate of the portfolios, which has a floating NAV and is registered with the SEC as an investment company. JHCT invests in short-term money market investments. Each portfolio will receive the benefit of any gains and bear any losses generated by JHCT with respect to the cash collateral.
The portfolios have the right to recall loaned securities on demand. If a borrower fails to return loaned securities when due, then the lending agent is responsible and indemnifies the portfolios for the lent securities. The lending agent uses the collateral received from the borrower to purchase replacement securities of the same issue, type, class and series of the loaned securities. If the value of the collateral is less than the purchase cost of replacement securities, the lending agent is responsible for satisfying the shortfall but only to the extent that the shortfall is not due to any decrease in the value of JHCT.
Although the risk of loss on securities lent is mitigated by receiving collateral from the borrower and through lending agent indemnification, the portfolios could experience a delay in recovering securities or could experience a lower than expected return if the borrower fails to return the securities on a timely basis. The portfolios receive compensation for lending their securities by retaining a portion of the return on the investment of the collateral and compensation from fees earned from borrowers of the securities. Securities lending income received by the portfolios is net of fees retained by the securities lending agent. Net income received from JHCT is a component of securities lending income as recorded on the Statements of operations.
Obligations to repay collateral received by the portfolios are shown on the Statements of assets and liabilities as Payable upon return of securities loaned and are secured by the loaned securities. The following table summarizes the values of securities loaned by the portfolios and the corresponding cash collateral received at August 31, 2021:
Portfolio | Market value of securities on loan | Cash collateral received |
Multi-Index Lifestyle Aggressive Portfolio | $2,507,760 | $2,644,812 |
Multi-Index Lifestyle Growth Portfolio | 43,522,437 | 47,512,162 |
Multi-Index Lifestyle Balanced Portfolio | 50,420,173 | 58,383,940 |
Multi-Index Lifestyle Moderate Portfolio | 12,967,464 | 14,161,365 |
Multi-Index Lifestyle Conservative Portfolio | 15,462,436 | 15,829,774 |
Overdraft. The portfolios may have the ability to borrow from banks for temporary or emergency purposes, including meeting redemption requests that otherwise might require the untimely sale of securities. Pursuant to the portfolios' custodian agreement, the custodian may loan money to the portfolios to make properly authorized payments. The portfolios are obligated to repay the custodian for any overdraft, including any related costs or expenses. The custodian may have a lien, security interest or security entitlement in any portfolio property that is not otherwise segregated or pledged, to the extent of any overdraft, and to the maximum extent permitted by law. Overdrafts at period end, if any, are presented under the caption Due to custodian in the Statements of assets and liabilities.
Line of credit. The portfolios and other affiliated funds have entered into a syndicated line of credit agreement with Citibank, N.A. as the administrative agent that enables them to participate in a $1 billion unsecured committed line of credit. Excluding commitments designated for a certain fund and subject to the needs of all other affiliated funds, a portfolio can borrow up to an aggregate commitment amount of $750 million, subject to asset coverage and other limitations as specified in the agreement. Prior to June 24, 2021, a portfolio could borrow up to an aggregate commitment amount of $850 million. A commitment fee payable at the end of each calendar quarter, based on the average daily unused portion of each line of credit, is charged to each participating portfolio based on a combination of fixed and
ANNUAL REPORT | JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS 29
asset-based allocations and is reflected in Other expenses on the Statements of operations. For the year ended August 31, 2021, the portfolios had no borrowings under the line of credit.
Commitment fees for the year ended August 31, 2021 were as follows:
Portfolio | Commitment fee |
Multi-Index Lifestyle Aggressive Portfolio | $7,550 |
Multi-Index Lifestyle Growth Portfolio | 10,053 |
Multi-Index Lifestyle Balanced Portfolio | 10,128 |
Multi-Index Lifestyle Moderate Portfolio | 6,853 |
Multi-Index Lifestyle Conservative Portfolio | 6,596 |
Expenses. Within the John Hancock group of funds complex, expenses that are directly attributable to an individual portfolio are allocated to such portfolio. Expenses that are not readily attributable to a specific portfolio are allocated among all portfolios in an equitable manner, taking into consideration, among other things, the nature and type of expense and the portfolio's relative net assets. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.
Class allocations. Income, common expenses and realized and unrealized gains (losses) are determined at the portfolio level and allocated daily to each class of shares based on the net assets of the class. Class-specific expenses, such as distribution and service fees, if any, and transfer agent fees, for all classes, are charged daily at the class level based on the net assets of each class and the specific expense rates applicable to each class.
Federal income taxes. Each portfolio intends to continue to qualify as a regulated investment company by complying with the applicable provisions of the Internal Revenue Code and will not be subject to federal income tax on taxable income that is distributed to shareholders. Therefore, no federal income tax provision is required.
As of August 31, 2021, the portfolios had no uncertain tax positions that would require financial statement recognition, derecognition or disclosure. The portfolios' federal tax returns are subject to examination by the Internal Revenue Service for a period of three years.
For federal income tax purposes, the costs of investments owned on August 31, 2021, including short-term investments, were as follows:
|
|
|
| Net unrealized |
| Aggregate | Unrealized | Unrealized | appreciation/ |
Portfolio | cost | appreciation | (depreciation) | (depreciation) |
|
|
|
|
|
Multi-Index Lifestyle Aggressive Portfolio | $416,211,124 | $96,766,148 | $(1,019,038) | $95,747,110 |
|
|
|
|
|
Multi-Index Lifestyle Growth Portfolio | 987,642,315 | 198,787,025 | (2,196,591) | 196,590,434 |
|
|
|
|
|
Multi-Index Lifestyle Balanced Portfolio | 1,015,896,399 | 165,088,096 | (2,541,558) | 162,546,538 |
|
|
|
|
|
Multi-Index Lifestyle Moderate Portfolio | 302,142,820 | 32,074,820 | (736,453) | 31,338,367 |
|
|
|
|
|
Multi-Index Lifestyle Conservative Portfolio | 245,966,119 | 14,274,388 | (486,026) | 13,788,362 |
Distribution of income and gains. Distributions to shareholders from net investment income and net realized gains, if any, are recorded on the ex-date. Multi-Index Lifestyle Balanced Portfolio, Multi-Index Lifestyle Conservative Portfolio and Multi-Index Lifestyle Moderate Portfolio generally declare and pay dividends from net investment income quarterly. All other funds generally declare and pay dividends from net investment income annually. All funds generally declare and pay capital gain distributions, if any, annually.
The tax character of distributions for the year ended August 31, 2021 was as follows:
| Ordinary | Long Term |
|
Portfolio | Income | Capital Gains | Total |
|
|
|
|
Multi-Index Lifestyle Aggressive Portfolio | $5,489,940 | $8,416,461 | $13,906,401 |
|
|
|
|
Multi-Index Lifestyle Growth Portfolio | 16,221,048 | 18,913,328 | 35,134,376 |
Multi-Index Lifestyle Balanced Portfolio | 18,578,840 | 19,776,464 | 38,355,304 |
Multi-Index Lifestyle Moderate Portfolio | 5,523,521 | 5,386,054 | 10,909,575 |
Multi-Index Lifestyle Conservative Portfolio | 4,608,971 | 2,632,602 | 7,241,573 |
The tax character of distributions for the year ended August 31, 2020 was as follows: |
|
|
|
| Ordinary | Long Term |
|
Portfolio | Income | Capital Gains | Total |
|
|
|
|
Multi-Index Lifestyle Aggressive Portfolio | $6,590,524 | $25,899,035 | $32,489,559 |
|
|
|
|
Multi-Index Lifestyle Growth Portfolio | 18,647,355 | 47,984,752 | 66,632,107 |
|
|
|
|
Multi-Index Lifestyle Balanced Portfolio | 20,671,800 | 38,666,044 | 59,337,844 |
|
|
|
|
Multi-Index Lifestyle Moderate Portfolio | 6,352,822 | 7,684,156 | 14,036,978 |
|
|
|
|
Multi-Index Lifestyle Conservative Portfolio | 4,728,563 | 2,546,873 | 7,275,436 |
|
|
|
|
30 JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS | ANNUAL REPORT
Distributions paid by the portfolios with respect to each class of shares are calculated in the same manner, at the same time and in the same amount, except for the effect of class level expenses that may be applied differently to each class. As of August 31, 2021, the components of distributable earnings on a tax basis were as follows:
|
| Undistributed |
| Undistributed | Long Term |
Portfolio | Ordinary Income | Capital Gains |
|
|
|
Multi-Index Lifestyle Aggressive Portfolio | $1,319,831 | $24,016,476 |
Multi-Index Lifestyle Growth Portfolio | 4,079,271 | 43,418,679 |
Multi-Index Lifestyle Balanced Portfolio | 3,760,153 | 39,331,452 |
Multi-Index Lifestyle Moderate Portfolio | 1,256,896 | 7,716,106 |
Multi-Index Lifestyle Conservative Portfolio | 1,687,378 | 5,542,980 |
Such distributions and distributable earnings, on a tax basis, are determined in conformity with income tax regulations, which may differ from US GAAP. Distributions in excess of tax basis earnings and profits, if any, are reported in the portfolios' financial statements as a return of capital. Short-term gains from underlying funds are treated as ordinary income for tax purposes.
Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Temporary book-tax differences, if any, will reverse in a subsequent period. Book-tax differences are primarily attributable to wash sale loss deferrals.
Note 3 — Guarantees and indemnifications
Under the Trust's organizational documents, its Officers and Trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust, including the portfolios. Additionally, in the normal course of business, the Trust enters into contracts with service providers that contain general indemnification clauses. The Trust's maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Trust that have not yet occurred. The risk of material loss from such claims is considered remote.
Note 4 — Fees and transactions with affiliates
John Hancock Investment Management LLC (the Advisor) serves as investment advisor for the portfolios. John Hancock Investment Management Distributors LLC (the Distributor), an affiliate of the Advisor, serves as principal underwriter of the portfolios. The Advisor and the Distributor are indirect, principally owned subsidiaries of Manulife Financial Corporation (MFC).
Management fee. The portfolios have an investment management agreement with the Advisor under which the portfolios pay a daily management fee to the Advisor as detailed below. The Advisor has a subadvisory agreement with Manulife Investment Management (US) LLC, an indirect, wholly owned subsidiary of MFC and an affiliate of the Advisor. The portfolios are not responsible for payment of the subadvisory fees.
The management fee has two components: (1) a fee on assets invested in a fund of the Trust or John Hancock Funds III (JHF III) (Assets in a fund of the Trust or JHF III); and (2) a fee on assets invested in investments other than a fund of the Trust or JHF III (Other assets). Aggregate net assets include the net assets of the portfolios, similar portfolios of John Hancock Variable Insurance Trust (JHVIT), and similar portfolios of the Trust. JHVIT funds are advised by an affiliate of the Advisor, John Hancock Variable Trust Advisers LLC and are distributed by an affiliate of the Advisor, John Hancock Distributors, LLC.
Management fees are determined in accordance with the following schedule:
| First $7.5 billion of | Excess over $7.5 billion of |
| aggregate net assets | aggregate net assets |
|
|
|
Assets in a fund of the Trust or JHF III | 0.050% | 0.040% |
Other assets | 0.500% | 0.490% |
Expense reimbursements. The Advisor has contractually agreed to waive all or a portion of its management fee and/or reimburse or pay operating expenses of each portfolio in an amount equal to the amount by which the expenses of the portfolio exceed 0.05% of the average net assets, excluding taxes, brokerage commissions, interest expense, litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the portfolios' business, acquired fund fees, short dividend expense, management fees, and class specific expenses. This expense limitation shall continue in effect until December 31, 2021, unless renewed by mutual agreement of the portfolios and the Advisor.
In addition, the Advisor has voluntarily agreed to waive its advisory fee for each portfolio so that the aggregate advisory fee retained by the Advisor with respect to both the portfolio and its underlying investments after payment of subadvisory fees does not exceed 0.50% of the portfolios' first $7.5 billion of average net assets and 0.49% of the portfolios' average net assets in excess of $7.5 billion. The Advisor may terminate this voluntary waiver at any time upon notice to the portfolios.
For the year ended August 31, 2021, the expense reductions described above amounted to the following:
|
| Expense reimbursement by class |
| |
Portfolio | Class A | Class R6 | Class 1 | Total |
|
|
|
|
|
Multi-Index Lifestyle Moderate Portfolio | $412 | $322 | $29,272 | $30,006 |
Multi-Index Lifestyle Conservative Portfolio | 534 | 495 | 47,282 | 48,311 |
Expenses waived or reimbursed in the current fiscal period are not subject to recapture in future fiscal periods.
ANNUAL REPORT | JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS 31
The investment management fees, including the impact of the waivers and reimbursements as described above, incurred for the year ended August 31, 2021, were equivalent to a net annual effective rate of the portfolios' average daily net assets as follows:
Portfolio | Net Annual Effective Rate |
Multi-Index Lifestyle Aggressive Portfolio | 0.19% |
Multi-Index Lifestyle Growth Portfolio | 0.26% |
Multi-Index Lifestyle Balanced Portfolio | 0.32% |
|
|
Portfolio | Net Annual Effective Rate |
Multi-Index Lifestyle Moderate Portfolio | 0.37% |
Multi-Index Lifestyle Conservative Portfolio | 0.42% |
Accounting and legal services. Pursuant to a service agreement, the portfolios reimburse the Advisor for all expenses associated with providing the administrative, financial, legal, compliance, accounting and recordkeeping services to the portfolios, including the preparation of all tax returns, periodic reports to shareholders and regulatory reports, among other services. These expenses are allocated to each share class based on its relative net assets at the time the expense was incurred. These accounting and legal services fees incurred, for the year ended August 31, 2021, amounted to an annual rate of 0.01% of the portfolios' average daily net assets.
Distribution and service plans. The portfolios have a distribution agreement with the Distributor. The portfolios have adopted distribution and service plans for certain classes as detailed below pursuant to Rule 12b-1 under the 1940 Act, to pay the Distributor for services provided as the distributor of shares of the portfolios. The portfolios may pay up to the following contractual rates of distribution and service fees under these arrangements, expressed as an annual percentage of average daily net assets for each class of the portfolios' shares:
Class | Rule 12b-1 Fee |
Class A | 0.30% |
Class 1 | 0.05% |
|
|
Sales charges. Class A shares are assessed up-front sales charges of up to 5.00% of net asset value for such shares. The following table summarizes the net up-front sales charges received by the Distributor during the year ended August 31, 2021:
Multi-Index Multi-Index Multi-Index Multi-Index Multi-Index
Lifestyle Lifestyle Lifestyle Lifestyle Lifestyle
Aggressive Growth Balanced Moderate Conservative
Portfolio Portfolio Portfolio Portfolio Portfolio
Total sales charges | $815 | $2 | $1,373 | — | — |
Retained for printing prospectus, advertising and sales literature | 815 | 2 | 1,373 | — | — |
|
|
|
|
|
|
Class A shares may be subject to contingent deferred sales charges (CDSCs). Certain Class A shares purchased, including those that are acquired through purchases of $1 million or more, and redeemed within one year of purchase are subject to a 1.00% sales charge. CDSCs are applied to the lesser of the current market value at the time of redemption or the original purchase cost of the shares being redeemed. Proceeds from CDSCs are used to compensate the Distributor for providing distribution-related services in connection with the sale of these shares. During the year ended August 31, 2021, there were no CDSCs received by the Distributor for Class A shares.
Transfer agent fees. The John Hancock group of funds has a complex-wide transfer agent agreement with John Hancock Signature Services, Inc. (Signature Services), an affiliate of the Advisor. The transfer agent fees paid to Signature Services are determined based on the cost to Signature Services (Signature Services Cost) of providing recordkeeping services. It also includes out-of-pocket expenses, including payments made to third-parties for recordkeeping services provided to their clients who invest in one or more John Hancock funds. In addition, Signature Services Cost may be reduced by certain fees that Signature Services receives in connection with retirement and small accounts. Signature Services Cost is calculated monthly and allocated, as applicable, to five categories of share classes: Retail Share and Institutional Share Classes of Non-Municipal Bond Funds, Class R6 Shares, Retirement Share Classes and Municipal Bond Share Classes. Within each of these categories, the applicable costs are allocated to the affected John Hancock affiliated funds and/or classes, based on the relative average daily net assets.
Class level expenses. Class level expenses for the year ended August 31, 2021 were as follows:
Portfolio | Class | Distribution and service fees | Transfer agent fees |
Multi-Index Lifestyle Aggressive Portfolio | Class A | $3,236 | $1,221 |
| Class R6 | — | 1,052 |
| Class 1 | 214,513 | — |
| Total | $217,749 | $2,273 |
Multi-Index Lifestyle Growth Portfolio | Class A | $6,627 | $2,499 |
| Class R6 | — | 1,473 |
| Class 1 | 494,636 | — |
| Total | $501,263 | $3,972 |
|
|
|
|
Multi-Index Lifestyle Balanced Portfolio | Class A | $9,467 | $3,570 |
| Class R6 | — | 1,200 |
| Class 1 | 501,737 | — |
| Total | $511,204 | $4,770 |
|
|
|
|
32 JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS | ANNUAL REPORT
Portfolio | Class | Distribution and service fees | Transfer agent fees |
Multi-Index Lifestyle Moderate Portfolio | Class A | $4,468 | $1,686 |
| Class R6 | — | 268 |
| Class 1 | 139,887 | — |
| Total | $144,355 | $1,954 |
Multi-Index Lifestyle Conservative Portfolio | Class A | $3,693 | $1,393 |
| Class R6 | — | 204 |
| Class 1 | 109,823 | — |
| Total | $113,516 | $1,597 |
|
|
|
|
Trustee expenses. The portfolios compensate each Trustee who is not an employee of the Advisor or its affiliates. The costs of paying Trustee compensation and expenses are allocated to each portfolio based on their net assets relative to other funds within the John Hancock group of funds complex.
Note 5 — Portfolio share transactions
Transactions in portfolios' shares for the years ended August 31, 2021 and 2020 were as follows:
Multi-Index Lifestyle Aggressive Portfolio | Year Ended 8-31-21 | Year Ended 8-31-20 | ||
| Shares | Amount | Shares | Amount |
|
|
|
|
|
Class A shares1 |
|
|
|
|
Sold | 663,930 | $9,721,516 | — | — |
Repurchased | (87,575) | (1,292,345) | — | — |
Net increase | 576,355 | $8,429,171 | — | — |
Class R6 shares |
|
|
|
|
Sold | 508,603 | $6,979,359 | 378,043 | $4,475,585 |
Distributions reinvested | 26,255 | 336,585 | 32,522 | 380,187 |
Repurchased | (375,394) | (5,398,795) | (70,663) | (691,740) |
Net increase | 159,464 | $1,917,149 | 339,902 | $4,164,032 |
|
|
|
|
|
Class 1 shares |
|
|
|
|
Sold | 3,528,273 | $48,514,891 | 4,728,827 | $52,459,355 |
Distributions reinvested | 1,059,314 | 13,569,816 | 2,746,738 | 32,109,372 |
Repurchased | (3,795,776) | (49,874,813) | (4,767,458) | (53,821,879) |
Net increase | 791,811 | $12,209,894 | 2,708,107 | $30,746,848 |
Total net increase | 1,527,630 | $22,556,214 | 3,048,009 | $34,910,880 |
1 The inception date for Class A shares is 4-26-21. |
|
|
|
|
Multi-Index Lifestyle Growth Portfolio |
|
| ||
Year Ended 8-31-21 | Year Ended 8-31-20 | |||
| Shares | Amount | Shares | Amount |
Class A shares1 |
|
|
|
|
Sold | 1,542,108 | $21,660,438 | — | — |
Repurchased | (157,983) | (2,219,046) | — | — |
Net increase | 1,384,125 | $19,441,392 | — | — |
Class R6 shares |
|
|
|
|
Sold | 1,368,925 | $18,103,274 | 110,049 | $1,267,418 |
Distributions reinvested | 39,150 | 493,679 | 43,385 | 503,695 |
Repurchased | (570,335) | (7,814,113) | (37,797) | (419,806) |
Net increase | 837,740 | $10,782,840 | 115,637 | $1,351,307 |
|
|
|
|
|
Class 1 shares |
|
|
|
|
Sold | 6,222,291 | $82,118,014 | 9,042,830 | $101,427,034 |
Distributions reinvested | 2,751,445 | 34,640,697 | 5,705,644 | 66,128,412 |
Repurchased | (6,788,900) | (87,984,742) | (11,850,974) | (133,584,486) |
Net increase | 2,184,836 | $28,773,969 | 2,897,500 | $33,970,960 |
Total net increase | 4,406,701 | $58,998,201 | 3,013,137 | $35,322,267 |
ANNUAL REPORT | JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS 33
1 The inception date for Class A shares is 4-26-21.
Multi-Index Lifestyle Balanced Portfolio | Year Ended 8-31-21 | Year Ended 8-31-20 | ||||
|
| Shares | Amount | Shares | Amount | |
|
|
|
|
|
| |
Class A shares1 |
|
|
|
|
| |
Sold | 2,324,723 | $30,502,222 | — | — | ||
Distributions reinvested | 1,335 | 17,432 | — | — |
| |
Repurchased | (221,651) | (2,917,053) | — | — |
| |
Net increase | 2,104,407 | $27,602,601 | — | — | ||
|
|
|
|
|
| |
Class R6 shares |
|
|
|
|
| |
Sold | 1,219,671 | $15,408,445 | 166,963 | $1,875,279 |
| |
Distributions reinvested | 35,304 | 429,403 | 36,411 | 408,113 |
| |
Repurchased | (460,482) | (5,867,428) | (100,993) | (1,072,533) |
| |
Net increase | 794,493 | $9,970,420 | 102,381 | $1,210,859 |
| |
Class 1 shares |
|
|
|
|
| |
Sold | 5,689,011 | $70,424,669 | 9,575,689 | $104,881,845 |
| |
Distributions reinvested | 3,127,918 | 37,908,349 | 5,253,097 | 58,929,731 |
| |
Repurchased | (8,087,614) | (100,029,842) | (14,132,815) | (155,674,114) |
| |
Net increase | 729,315 | $8,303,176 | 695,971 | $8,137,462 |
| |
Total net increase | 3,628,215 | $45,876,197 | 798,352 | $9,348,321 |
| |
1 | The inception date for Class A shares is 4-26-21. |
|
|
|
|
|
Multi-Index Lifestyle Moderate Portfolio |
|
| ||||
Year Ended 8-31-21 | Year Ended 8-31-20 | |||||
|
| Shares | Amount | Shares | Amount | |
|
|
|
|
|
| |
Class A shares1 |
|
|
|
|
| |
Sold | 1,262,467 | $15,408,019 | — | — |
| |
Distributions reinvested | 895 | 10,862 | — | — |
| |
Repurchased | (83,141) | (1,013,338) | — | — | ||
Net increase | 1,180,221 | $14,405,543 | — | — | ||
Class R6 shares |
|
|
|
|
| |
Sold | 263,161 | $3,088,708 | 18,265 | $201,287 |
| |
Distributions reinvested | 7,545 | 88,045 | 5,584 | 61,085 |
| |
Repurchased | (36,736) | (436,144) | (10,722) | (121,003) | ||
Net increase | 233,970 | $2,740,609 | 13,127 | $141,369 |
| |
|
|
|
|
|
| |
Class 1 shares |
|
|
|
|
| |
Sold | 3,360,409 | $39,305,666 | 3,762,025 | $40,994,351 |
| |
Distributions reinvested | 930,159 | 10,810,460 | 1,275,548 | 13,975,893 |
| |
Repurchased | (2,586,960) | (30,500,678) | (6,134,119) | (66,711,513) | ||
Net increase (decrease) | 1,703,608 | $19,615,448 | (1,096,546) | $(11,741,269) | ||
Total net increase (decrease) | 3,117,799 | $36,761,600 | (1,083,419) | $(11,599,900) |
| |
1 | The inception date for Class A shares is 4-26-21. |
|
|
|
|
|
Multi-Index Lifestyle Conservative Portfolio |
|
| ||||
Year Ended 8-31-21 | Year Ended 8-31-20 | |||||
|
| Shares | Amount | Shares | Amount | |
Class A shares1 |
|
|
|
|
| |
Sold | 1,070,312 | $12,309,854 | — | — | ||
Distributions reinvested | 900 | 10,304 | — | — |
| |
Repurchased | (130,815) | (1,504,285) | — | — |
| |
Net increase | 940,397 | $10,815,873 | — | — |
|
34 JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS | ANNUAL REPORT
Multi-Index Lifestyle Conservative Portfolio , Cont'd | Year Ended 8-31-21 | Year Ended 8-31-20 | ||
| Shares | Amount | Shares | Amount |
|
|
|
|
|
Class R6 shares |
|
|
|
|
Sold | 249,341 | $2,822,008 | 169,318 | $1,828,060 |
Distributions reinvested | 5,347 | 60,430 | 1,396 | 14,772 |
Repurchased | (172,857) | (1,945,607) | (14,685) | (152,469) |
Net increase | 81,831 | $936,831 | 156,029 | $1,690,363 |
|
|
|
|
|
Class 1 shares |
|
|
|
|
Sold | 4,545,628 | $51,226,807 | 4,450,921 | $47,947,739 |
Distributions reinvested | 636,393 | 7,170,640 | 678,231 | 7,258,629 |
Repurchased | (3,147,534) | (35,780,726) | (4,348,981) | (46,201,191) |
Net increase | 2,034,487 | $22,616,721 | 780,171 | $9,005,177 |
Total net increase | 3,056,715 | $34,369,425 | 936,200 | $10,695,540 |
1The inception date for Class A shares is 4-26-21.
Affiliates of the Trust owned 100% of shares of Class 1 on August 31, 2021. Such concentration of shareholders' capital could have a material effect on the portfolios if such shareholders redeem from the portfolios.
Note 6 — Purchase and sale of securities
Purchases and sales of securities, other than short-term investments, amounted to the following for the year ended August 31, 2021:
| Purchases | Sales |
| |
Portfolio | U.S. Government | Other issuers | U.S. Government | Other issuers |
|
|
|
|
|
Multi-Index Lifestyle Aggressive Portfolio | $5,183,339 | $95,691,559 | $834,906 | $73,246,894 |
Multi-Index Lifestyle Growth Portfolio | 47,210,700 | 238,507,737 | 6,164,317 | 217,076,119 |
Multi-Index Lifestyle Balanced Portfolio | 93,638,048 | 265,902,117 | 10,992,031 | 308,439,799 |
Multi-Index Lifestyle Moderate Portfolio | 27,597,276 | 101,220,861 | 2,757,800 | 92,299,487 |
Multi-Index Lifestyle Conservative Portfolio | 23,620,622 | 104,750,877 | 2,158,048 | 93,297,589 |
Note 7 — Investment in affiliated underlying funds
The portfolios invest primarily in affiliated underlying funds that are managed by the Advisor and its affiliates. The portfolios do not invest in the affiliated underlying funds for the purpose of exercising management or control; however, the portfolios' investment may represent a significant portion of each underlying funds' net assets. At August 31, 2021, the following portfolios held 5% or more of the net assets of the underlying funds shown below:
|
| Percentage of |
|
| underlying fund |
Portfolio | Affiliated Class NAV | net assets |
|
|
|
Multi-Index Lifestyle Growth Portfolio | Strategic Equity Allocation Fund | 6.8% |
|
|
|
Information regarding the portfolios' fiscal year to date purchases and sales of the affiliated underlying funds as well as income and capital gains earned by the portfolios, if any, is as follows:
|
|
|
|
|
|
| Dividends and distributions |
| ||
|
|
|
|
|
| Change in |
|
|
|
|
| Ending |
|
| Proceeds | Realized | unrealized | Income | Capital gain |
| |
| share | Beginning | Cost of | from shares | gain | appreciation | distributions | distributions | Ending | |
Affiliate | amount | value | purchases | sold | (loss) | (depreciation) | received | received | value | |
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Multi-Index Lifestyle Aggressive Portfolio |
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John |
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Hancock |
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Collateral |
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Trust* | 264,559 | $2,648,837 | $246,362,216 | $(246,366,171) | $1,858 | $726 | $16,684 | — | $2,647,466 | |
Strategic |
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Equity |
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Allocation | 22,176,682 | 259,553,516 | 34,960,970 | (18,912,387) | (340,111) | 56,722,941 | 4,090,355 | $12,840,923 | 331,984,929 | |
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| $(338,253) | $56,723,667 | $4,107,039 | $12,840,923 | $334,632,395 | |
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Multi-Index Lifestyle Growth Portfolio |
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John |
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Hancock |
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Collateral |
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Trust* | 4,748,232 | $29,943,797 | $714,811,873 | $(697,235,198) | $(10,168) | $5,728 | $80,061 | — | $47,516,032 | |
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ANNUAL REPORT | JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS 35
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| Dividends and distributions |
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| Change in |
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| Ending |
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| Proceeds | Realized | unrealized | Income | Capital gain |
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| share | Beginning | Cost of | from shares | gain | appreciation | distributions | distributions | Ending | |
Affiliate | amount | value | purchases | sold | (loss) | (depreciation) | received | received | value | |
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Strategic |
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Equity |
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Allocation | 38,722,059 | $473,893,226 | $49,917,946 | $(45,689,649) | $(24,086) | $101,571,783 | $7,445,185 | $23,372,797 | $579,669,220 | |
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| $(34,254) | $101,577,511 | $7,525,246 | $23,372,797 | $627,185,252 | |
Multi-Index Lifestyle Balanced Portfolio |
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John |
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Hancock |
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Collateral |
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Trust* | 5,834,571 | $38,220,426 | $568,657,185 | $(548,475,678) | $(11,926) | $(2,871) | $98,000 | — | $58,387,136 | |
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Strategic |
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Equity |
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Allocation | 28,107,104 | 364,338,030 | 37,771,455 | (57,327,906) | 1,991,968 | 73,989,808 | 5,571,080 | $17,489,387 | 420,763,355 | |
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| $1,980,042 | $73,986,937 | $5,669,080 | $17,489,387 | $479,150,491 | |
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Multi-Index Lifestyle Moderate Portfolio |
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John |
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Hancock |
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Collateral |
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Trust* | 1,415,345 | $7,829,181 | $197,264,031 | $(190,925,347) | $(7,044) | $2,677 | $38,150 | — | $14,163,498 | |
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Strategic |
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Equity |
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Allocation | 5,218,289 | 65,727,502 | 13,928,859 | (15,697,632) | 826,117 | 13,332,942 | 1,023,915 | $3,214,394 | 78,117,788 | |
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| $819,073 | $13,335,619 | $1,062,065 | $3,214,394 | $92,281,286 | |
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Multi-Index Lifestyle Conservative Portfolio |
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John |
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Hancock |
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Collateral |
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Trust* | 1,582,493 | $9,564,027 | $282,481,317 | $(276,210,939) | $(958) | $2,722 | $33,386 | — | $15,836,169 | |
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Strategic |
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Equity |
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Allocation | 1,681,479 | 21,689,704 | 8,516,586 | (9,844,744) | 1,486,134 | 3,324,062 | 338,848 | $1,063,752 | 25,171,742 | |
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| $1,485,176 | $3,326,784 | $372,234 | $1,063,752 | $41,007,911 | |
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* Refer to the Securities lending note within Note 2 for details regarding this investment.
Note 8 — Coronavirus (COVID-19) pandemic
The novel COVID-19 disease has resulted in significant disruptions to global business activity. A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange trading suspensions and closures, which may lead to less liquidity in certain instruments, industries, sectors or the markets generally, and may ultimately affect portfolio performance.
36 JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS | ANNUAL REPORT
Report of Independent Registered Public Accounting Firm
To the Board of Trustees of John Hancock Funds II and Shareholders of Multi-Index Lifestyle Aggressive Portfolio, Multi-Index Lifestyle Growth Portfolio, Multi-Index Lifestyle Balanced Portfolio, Multi-Index Lifestyle Moderate Portfolio and Multi-Index Lifestyle Conservative Portfolio
Opinions on the Financial Statements
We have audited the accompanying statements of assets and liabilities, including the portfolios' investments, of Multi-Index Lifestyle Aggressive Portfolio, Multi-Index Lifestyle Growth Portfolio, Multi-Index Lifestyle Balanced Portfolio, Multi-Index Lifestyle Moderate Portfolio and Multi-Index Lifestyle Conservative Portfolio (five of the funds constituting John Hancock Funds II, hereafter collectively referred to as the Funds) as of August 31, 2021, the related statements of operations for the year ended August 31, 2021, the statements of changes in net assets for each of the two years in the period ended August 31, 2021, including the related notes, and the financial highlights for each of the periods indicated therein (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds as of August 31, 2021, the results of each of their operations for the year then ended, the changes in each of their net assets for each of the two years in the period ended August 31, 2021 and each of the financial highlights for each of the periods indicated therein in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinions
These financial statements are the responsibility of the Funds' management. Our responsibility is to express an opinion on the Funds' financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of August 31, 2021 by correspondence with the custodian, transfer agents and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.
/s/ PricewaterhouseCoopers LLP
Boston, Massachusetts
October 12, 2021
We have served as the auditor of one or more investment companies in the John Hancock group of funds since 1988.
ANNUAL REPORT | JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS 37
Tax information
(Unaudited)
For federal income tax purposes, the following information is furnished with respect to the distributions of the portfolios, if any, paid during its taxable year ended August 31, 2021.
Dividend Received Deduction The funds report the maximum amount allowable of their net taxable income as eligible for the corporate dividends-received deduction.
Qualified Dividend Income The funds report the maximum amount allowable of their net taxable income as qualified dividend income as provided in the Jobs and Growth Tax Relief Reconciliation Act of 2003.
Each portfolio reports the maximum amount allowable as Section 163(j) Interest Dividends.
Each portfolio reports the maximum amount allowable of its Section 199A dividends as defined in Proposed Treasury Regulation §1.199A-3(d).
Long Term Capital Gains The funds below paid the following amounts in capital gain dividends.
Portfolio | Long term capital gains |
Multi-Index Lifestyle Aggressive Portfolio | $8,416,461 |
Multi-Index Lifestyle Growth Portfolio | 18,913,328 |
Multi-Index Lifestyle Balanced Portfolio | 19,776,464 |
Multi-Index Lifestyle Moderate Portfolio | 5,386,054 |
Multi-Index Lifestyle Conservative Portfolio | 2,632,602 |
Please consult a tax advisor regarding the tax consequences of your investment in the portfolio.
38 JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS | ANNUAL REPORT
EVALUATION OF ADVISORY AND SUBADVISORY AGREEMENTS BY THE BOARD OF TRUSTEES
This section describes the evaluation by the Board of Trustees (the Board) of John Hancock Funds II (the Trust) of the Advisory Agreement (the Advisory Agreement) and the Subadvisory Agreement (the Subadvisory Agreement) with respect to each of the portfolios of the Trust included in this report (the Funds). The Advisory Agreement and Subadvisory Agreement are collectively referred to as the Agreements. Prior to the June 22-24, 2021 telephonic1 meeting at which the Agreements were approved, the Board also discussed and considered information regarding the proposed continuation of the Agreements at telephonic meeting held on May 25-26, 2021. The Trustees who are not "interested persons" of the Trust as defined by the Investment Company Act of 1940, as amended (the "1940 Act") (the "Independent Trustees") also met separately to evaluate and discuss the information presented, including with counsel to the Independent Trustees and a third-party consulting firm.
Approval of Advisory and Subadvisory Agreements
At telephonic meetings held on June 22-24, 2021, the Board, including the Trustees who are not parties to any Agreement or considered to be interested persons of the Trust under the 1940 Act, reapproved for an annual period, the continuation of the Advisory Agreement between the Trust and John Hancock Investment Management, LLC (the Advisor, formerly known as "John Hancock Advisers, LLC") and the Subadvisory Agreement between the Advisor and the investment subadvisor (the Subadvisor) with respect to each of the Funds identified in Appendix A.
In considering the Advisory Agreement and the Subadvisory Agreement with respect to each Fund, the Board received in advance of the meetings a variety of materials relating to each Fund, the Advisor and the Subadvisor, including comparative performance, fee and expense information for peer groups of similar funds prepared by an independent third-party provider of fund data; performance information for the Funds' benchmark indices; and, with respect to the Subadvisor, comparative performance information for comparably managed accounts, as applicable; and other information provided by the Advisor and the Subadvisor regarding the nature, extent and quality of services provided by the Advisor and the Subadvisor under their respective Agreements, as well as information regarding the Advisor's revenues and costs of providing services to the Funds and any compensation paid to affiliates of the Advisor. At the meetings at which the renewal of the Advisory Agreement and Subadvisory Agreement are considered, particular focus is given to information concerning Fund performance, comparability of fees and total expenses, and profitability. However, the Board noted that the evaluation process with respect to the Advisor and the Subadvisor is an ongoing one. In this regard, the Board also took into account discussions with management and information provided to the Board (including its various committees) at prior meetings with respect to the services provided by the Advisor and the Subadvisor to the Funds, including quarterly performance reports prepared by management containing reviews of investment results, and prior presentations from the Subadvisor with respect to the Funds. The information received and considered by the Board in connection with the May and June meetings and throughout the year was both written and oral. The Board noted the affiliation of the Subadvisor with the Advisor, noting any potential conflicts of interest. The Board also considered the nature, quality, and extent of the services, to be provided to the Funds by the Advisor's affiliates, including distribution services. The Board considered the Advisory Agreement and the Subadvisory Agreement separately in the course of its review. In doing so, the Board noted the respective roles of the Advisor and Subadvisor in providing services to the Funds. In addition, although the Board approved the renewal of the Agreements for all of the Funds at the June meeting, the Board considered each Fund separately.
Throughout the process, the Board asked questions of and requested additional information from management. The Board is assisted by counsel for the Trust and the Independent Trustees are also separately assisted by independent legal counsel throughout the process. The Independent Trustees also received a memorandum from their independent legal counsel discussing the legal standards for their consideration of the proposed continuation of the Agreements and discussed the proposed continuation of the Agreements in private sessions with their independent legal counsel at which no representatives of management were present.
Approval of Advisory Agreement
In approving the Advisory Agreement with respect to each Fund, the Board, including the Independent Trustees, considered a variety of factors, including those discussed below. The Board also considered other factors (including conditions and trends prevailing generally in the economy, the securities markets and the industry) and did not treat any single factor as determinative, and each Trustee may have attributed different weights to different factors. The Board's conclusions may be based in part on its consideration of the advisory and subadvisory arrangements in prior years and on the Board's ongoing regular review of Fund performance and operations throughout the year.
Nature, extent, and quality of services. Among the information received by the Board from the Advisor relating to the nature, extent and quality of services provided to the Funds, the Board reviewed information provided by the Advisor relating to its operations and personnel, descriptions of its organizational and management structure, and information regarding the Advisor's compliance and regulatory history, including its Form ADV. The Board also noted that on a regular basis it receives and reviews information from the Trust's Chief Compliance Officer ("CCO") regarding the Funds' compliance policies and procedures established pursuant to
Rule 38a-1 under the 1940 Act. The Board observed that the scope of services provided by the Advisor, and of the undertakings required of the Advisor in connection with those services, including maintaining and monitoring its own and the fund's compliance programs, risk management programs, liquidity management programs and cybersecurity programs, had expanded over time as a result of regulatory, market and other developments. The Board considered that the Advisor is responsible for the management of the day-to-day operations of the Funds, including but not limited to, general supervision of and coordination of the services provided by the Subadvisor, and is also responsible for monitoring and reviewing the activities of the Subadvisor and third-party service providers. The Board also considered the significant risks assumed by the Advisor in connection with the services provided to the Funds including entrepreneurial risk in sponsoring new Funds and ongoing risks including investment, operational, enterprise, litigation, regulatory and compliance risks with respect to all Funds.
1On June 19, 2020, as a result of health and safety measures put in place to combat the global COVID-19 pandemic, the Securities and Exchange Commission (the SEC) issued an exemptive order (the "Order") pursuant to Sections 6(c) and 38(a) of the Investment Company Act of 1940, as amended (the "1940 Act"), that temporarily exempts registered investment management companies from the in-person voting requirements under the 1940 Act, subject to certain requirements, including that votes taken pursuant to the Order are ratified at the next in-person meeting. The Board determined that reliance on the Order was necessary or appropriate due to the circumstances related to current or potential effects of COVID-19 and therefore, the Board's May and June meetings were held telephonically in reliance on the Order. This exemptive order supersedes, in part, a similar, earlier exemptive order issued by the SEC.
ANNUAL REPORT | JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS 39
In considering the nature, extent and quality of the services provided by the Advisor, the Trustees also took into account their knowledge of the Advisor's management and the quality of the performance of the Advisor's duties, through Board meetings, discussions and reports during the preceding year and through each Trustee's experience as a Trustee of the Trust and of the other trusts in the complex.
In the course of their deliberations regarding the Advisory Agreement, the Board considered, among other things:
(a)the skills and competency with which the Advisor has in the past managed the Trust's affairs and its subadvisory relationships, the Advisor's oversight and monitoring of the Subadvisor's investment performance and compliance programs, such as the Subadvisor's compliance with fund policies and objectives, review of brokerage matters, including with respect to trade allocation and best execution and the Advisor's timeliness in responding to performance issues;
(b)the background, qualifications and skills of the Advisor's personnel;
(c)the Advisor's compliance policies and procedures and its responsiveness to regulatory changes and fund industry developments;
(d)the Advisor's administrative capabilities, including its ability to supervise the other service providers for the Funds, as well as the Advisor's oversight of any securities lending activity, its monitoring of class action litigation and collection of class action settlements on behalf of the Funds, and bringing loss recovery actions on behalf of the Funds;
(e)the financial condition of the Advisor and whether it has the financial wherewithal to provide a high level and quality of services to the Funds;
(f)the Advisor's initiatives intended to improve various aspects of the Trust's operations and investor experience with the Funds; and
(g)the Advisor's reputation and experience in serving as an investment advisor to the Trust and the benefit to shareholders of investing in funds that are part of a family of funds offering a variety of investments.
The Board concluded that the Advisor may reasonably be expected to continue to provide a high quality of services under the Advisory Agreement with respect to the Funds.
Investment performance. In considering each Fund's performance, the Board noted that it reviews at its regularly scheduled meetings information about the Funds' performance results. In connection with the consideration of the Advisory Agreement, the Board:
(a)reviewed information prepared by management regarding the Funds' performance;
(b)considered the comparative performance of each Fund's respective benchmark index;
(c)considered the performance of comparable funds, if any, as included in the report prepared by an independent third-party provider of fund data; and
(d)took into account the Advisor's analysis of each Fund's performance and its plans and recommendations regarding the Trust's subadvisory arrangement generally and with respect to particular Funds.
The Board noted that while it found the data provided by the independent third-party generally useful it recognized its limitations, including in particular that the data may vary depending on the end date selected and that the results of the performance comparisons may vary depending on the selection of the peer group. The Board reviewed Fund performance against each Fund's respective peer group median and benchmark index and concluded that the performance of certain Funds have generally been in line with or generally outperformed the historical performance of comparable funds based on the median percentile with certain exceptions noted in Appendix A. In such cases, the Board concluded that the Fund's performance is being monitored and reasonably addressed, where appropriate.
Fees and expenses. The Board reviewed comparative information prepared by an independent third-party provider of fund data including, among other data, each Fund's contractual and net management fees (and subadvisory fees, to the extent available) and total expenses as compared to similarly situated investment companies deemed to be comparable to the Fund in light of the nature, extent and quality of the management and advisory and subadvisory services provided by the Advisor and the Subadvisor. The Board considered each Fund's ranking within a smaller group of peer funds chosen by the independent third-party provider, as well as the Fund's ranking within broader groups of funds. In comparing each Fund's contractual and net management fees to that of comparable funds, the Board noted that such fees include both advisory and administrative costs.
The Board took into account management's discussion of the Funds' expenses. The Board also took into account management's discussion with respect to the overall management fee and the fees of the Subadvisor, including the amount of the advisory fee retained by the Advisor after payment of the subadvisory fee, in each case in light of the services rendered for those amounts and the risks undertaken by the Advisor. The Board also noted that the Advisor pays the subadvisory fees of the Funds. In addition, the Board took into account that management had agreed to implement an overall fee waiver across the complex, which is discussed further below. The Board also noted actions taken over the past several years to reduce the Funds' operating expenses. The Board also noted that, in addition, the Advisor is currently waiving fees and/or reimbursing expenses with respect to each Fund and that each Fund has breakpoints in its contractual management fee schedule that reduces management fees as assets increase. The Board reviewed information provided by the Advisor concerning investment advisory fees charged by the Advisor or one of its advisory affiliates to other clients (including other funds in the complex) having similar investment mandates, if any. The Board considered any differences between the Advisor's and a Subadvisor's services to a Fund and the services they provide to other comparable clients or funds. The Board concluded that the advisory fee paid with respect to each of the Funds is reasonable in light of the nature, extent and quality of the services provided to the Funds under the Advisory Agreement.
In addition, the Trustees reviewed the advisory fee to be paid to the Advisor for each Fund, and concluded that such fee is based on services provided that are in addition to, rather than duplicative of, the services provided pursuant to the advisory agreements for the underlying funds of the Funds and that the additional services are necessary because of the differences between the investment policies, strategies and techniques of a Fund and those of its underlying funds.
40 JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS | ANNUAL REPORT
Profitability/indirect benefits. In considering the costs of the services to be provided and the profits to be realized by the Advisor and its affiliates (including the Subadvisor) from the Advisor's relationship with the Trust, the Board:
(a)reviewed financial information of the Advisor;
(b)reviewed and considered information presented by the Advisor regarding the net profitability to the Advisor and its affiliates, of each Fund;
(c)received and reviewed profitability information with respect to the John Hancock Fund Complex as a whole and with respect to each Fund;
(d)received information with respect to the Advisor's allocation methodologies used in preparing the profitability data and considered that the Advisor hired an independent third-party consultant to provide an analysis of the Advisor's allocation methodologies;
(e)considered that the John Hancock insurance companies that are affiliates of the Advisor, as shareholders of the Trust directly or through their separate accounts, receive certain tax credits or deductions relating to foreign taxes paid and dividends received by certain Funds of the Trust and noted that these tax benefits, which are not available to participants in qualified retirement plans under applicable income tax law, are reflected in the profitability analysis reviewed by the Board;
(f)considered that the Advisor also provides administrative services to the Funds on a cost basis pursuant to an administrative services agreement;
(g)noted that affiliates of the Advisor provide transfer agency services and distribution services to the funds, and that the Trust's distributor also receives Rule 12b-1 payments to support distribution of the products;
(h)noted that the Funds' Subadvisor is an affiliate of the Advisor;
(i)noted that the Advisor also derives reputational and other indirect benefits from providing advisory services to the Funds;
(j)noted that the subadvisory fees for the Funds are paid by the Advisor;
(k)with respect to each Fund, the Board noted that the advisory fee is in addition to the fees received by the Advisor and its affiliates with regard to the underlying funds in which the Funds may invest;
(l)considered the Advisor's ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the fund industry; and
(m)considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it provides to each Fund and the risks that it assumes as Advisor, including entrepreneurial, operational, reputational, litigation and regulatory risk.
Based upon its review, the Board concluded that the level of profitability, if any, of the Advisor and its affiliate (the Subadvisor), from their relationship with each Fund was reasonable and not excessive.
Economies of scale. In considering the extent to which a Fund may realize any economies of scale and whether fee levels reflect these economies of scale for the benefit of Fund shareholders, the Board:
(a)considered that with respect to the John Hancock underlying funds in which the Funds invest, the Advisor has agreed to waive a portion of its management fee for such funds and for each of the other John Hancock funds in the complex (except as discussed below) (the Participating Portfolios) or otherwise reimburse the expenses of the Participating Portfolios (the Reimbursement). This waiver is based upon the aggregate net assets of all the Participating Portfolios. (The funds that are not Participating Portfolios as of the date of this annual report are each of the funds of funds of the Trust and John Hancock Variable Insurance Trust and John Hancock Collateral Trust. The Funds also benefit from such overall management fee waiver through their investment in underlying funds that include certain of the Participating Portfolios, which are subject to the Reimbursement);
(b)reviewed the Trust's advisory fee structure and concluded that (i) the Funds' fee structures contain breakpoints at the advisory fee level and (ii) although economies of scale cannot be measured with precision, these arrangements permit shareholders of the Funds to benefit from economies of scale if those Funds grow. The Board also took into account management's discussion of the Funds' advisory fee structure; and
(c)considered the effect of the Funds' growth in size on their performance and fees. The Board also noted that if the Funds' assets increase over time, the Funds may realize other economies of scale.
Approval of Subadvisory Agreement
In making its determination with respect to approval of the Subadvisory Agreement, the Board reviewed:
(1)information relating to each Subadvisor's business, including current subadvisory services to the Trust (and other funds in the John Hancock Fund Complex);
(2)the historical and current performance of each Fund and comparative performance information relating to an applicable benchmark index and comparable funds; and
(3)the subadvisory fee for each Fund, including any breakpoints, and to the extent available, and comparative fee information, where available, prepared by an independent third party provider of fund data.
Nature, extent, and quality of services. With respect to the services provided by the Subadvisor with respect to each Fund, the Board received information provided to the Board by the Subadvisor, including the Subadvisor's Form ADV, as well as took into account information presented throughout the past year. The Board considered the Subadvisor's current level of staffing and its overall resources, as well as received information relating to the Subadvisor's compensation program. The Board
ANNUAL REPORT | JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS 41
reviewed the Subadvisor's history and investment experience, as well as information regarding the qualifications, background, and responsibilities of the Subadvisor's investment and compliance personnel who provide services to the Funds. The Board also considered, among other things, the Subadvisor's compliance program and any disciplinary history. The Board also considered the Subadvisor's risk assessment and monitoring process. The Board reviewed the Subadvisor's regulatory history, including whether it was involved in any regulatory actions or investigations as well as material litigation, and any settlements and amelioratory actions undertaken, as appropriate. The Board noted that the Advisor conducts regular, periodic reviews of the Subadvisor and its operations, including regarding investment processes and organizational and staffing matters. The Board also noted that the CCO and his staff conduct regular, periodic compliance reviews with the Subadvisor and present reports to the Independent Trustees regarding the same, which includes evaluating the regulatory compliance systems of the Subadvisor and procedures reasonably designed to assure compliance with the federal securities laws. The Board also took into account the financial condition of the Subadvisor.
The Board considered the Subadvisor's investment process and philosophy. The Board took into account that the Subadvisor's responsibilities include the development and maintenance of an investment program for the applicable Fund that is consistent with the Fund's investment objective, the selection of investment securities and the placement of orders for the purchase and sale of such securities, as well as the implementation of compliance controls related to performance of these services. The Board also received information with respect to the Subadvisor's brokerage policies and practices, including with respect to best execution and soft dollars.
Subadvisor compensation. In considering the cost of services to be provided by the Subadvisor and the profitability to that Subadvisor of its relationship with the Funds, the Board noted that the fees under the Subadvisory Agreement are paid by the Advisor and not the Funds. The Board also received information and took into account any other potential conflicts of interest the Advisor might have in connection with the Subadvisory Agreement.
In addition, the Board considered other potential indirect benefits that the Subadvisor and its affiliates may receive from the Subadvisor's relationship with the Funds, such as the opportunity to provide advisory services to additional funds in the John Hancock fund complex and reputational benefits
Subadvisory fees. The Board considered that each Fund pays an advisory fee to the Advisor and that, in turn, the Advisor pays a subadvisory fee to the Subadvisor. As noted above, the Board also considered, if available, each Fund's subadvisory fees as compared to similarly situated investment companies deemed to be comparable to the Fund as included in the report prepared by the independent third party provider of fund data, to the extent applicable. The Board noted that the limited size of the Lipper peer group was not sufficient for comparative purposes. The Board also took into account the subadvisory fees paid by the Advisor to the Subadvisor with respect to the Funds and compared them to fees charged by each Fund's Subadvisor to manage other subadvised portfolios and portfolios not subject to regulation under the 1940 Act, as applicable.
Subadvisor performance. As noted above, the Board considered each Fund's performance as compared to the Fund's peer group median and the benchmark index and noted that the Board reviews information about the Fund's performance results at its regularly scheduled meetings. The Board noted the Advisor's expertise and resources in monitoring the performance, investment style, and risk-adjusted performance of the Subadvisor. The Board was mindful of the Advisor's focus on the Subadvisor's performance. The Board also noted the Subadvisor's long-term performance record for similar accounts, as applicable.
The Board's decision to approve the Subadvisory Agreement with respect to each Fund was based on a number of determinations, including the following:
(1)the Subadvisor has extensive experience and demonstrated skills as a manager;
(2)the performance of each Fund has generally been in line with or generally outperformed the historical performance of comparable funds based on the median percentile, with certain exceptions noted in Appendix A (with respect to such exceptions, the Board concluded that the Fund's performance is being monitored and reasonably addressed, where appropriate);
(3)the subadvisory fees are reasonable in relation to the level and quality of services being provided under the Subadvisory Agreement; and
(4)the subadvisory fees are paid by the Advisor and not the Funds.
In addition, the Trustees reviewed the subadvisory fee to be paid to the Subadvisor for the Funds and concluded that such subadvisory fee is based on services provided that are in addition to, rather than duplicative of, the services provided pursuant to the subadvisory agreement for the underlying funds of the Funds and that the additional services are necessary because of the differences between the investment policies, strategies and techniques of a Fund and those of its underlying funds.
Additional information relating to each Fund's fees and expenses and performance that the Board considered in approving the Advisory Agreement and Subadvisory Agreement for a particular Fund is set forth in Appendix A.
***
Based on the Board's evaluation of all factors that the Board deemed to be material, including those factors described above, the Board, including the Independent Trustees, concluded that renewal of the Advisory Agreement and the Subadvisory Agreement with respect to each Fund would be in the best interest of each of the respective Funds and its shareholders. Accordingly, the Board, and the Independent Trustees voting separately, approved the Advisory Agreement and Subadvisory Agreement with respect to each Fund for an additional one-year period.
42 JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS | ANNUAL REPORT
APPENDIX A
Portfolio (subadvisor) | Performance of fund, as of 12.31.2020 | Fees and expenses | Comments | |
|
|
|
| |
Multi-Index Lifestyle Aggressive | Benchmark Index – The fund underperformed | Subadviser fee comparative data | The Board took into account | |
Portfolio | for the one-, three- and five-year periods. | not provided due to limited size of | management's discussion of the | |
(Manulife Investment | Lipper Category – The fund outperformed the | Lipper peer group for this purpose. | factors that contributed to the | |
| fund's performance relative to the | |||
Management (US)) | median for the five-year period and | Net management fees for this | ||
benchmark index for the one-, | ||||
| underperformed for the one- and three-year | fund are higher than the peer | ||
| three-, and five-year periods and | |||
| periods. | group median. | ||
| relative to the peer group median | |||
|
|
| ||
|
| Total expenses for this fund are | for the one- and three-year | |
|
| lower than the peer group | periods including the impact of | |
|
| median. | past and current market | |
|
|
| conditions on the fund's strategy | |
|
|
| and management's outlook for the | |
|
|
| fund. | |
|
|
| The Board concluded that the | |
|
|
| fund's performance is being | |
|
|
| monitored and reasonably | |
|
|
| addressed, where appropriate. | |
|
|
| The Board took into account | |
|
|
| management's discussion of the | |
|
|
| fund's expenses. | |
|
|
|
| |
Multi-Index Lifestyle Growth | Benchmark Index – The fund underperformed | Subadviser fee comparative data | The Board took into account | |
Portfolio | for the one-, three- and five-year periods. | not provided due to limited size of | management's discussion of the | |
(Manulife Investment | Lipper Category – The fund outperformed the | Lipper peer group for this purpose. | fund's performance, including the | |
| favorable performance relative to | |||
Management (US)) | median for the one-, three- and five-year | Net management fees for this | ||
the peer group median for the | ||||
| periods. | fund are higher than the peer | ||
| one-, three- and five-year periods. | |||
|
| group median. | ||
|
|
| ||
|
| Total expenses for this fund are |
| |
|
| lower than the peer group |
| |
|
| median. |
| |
|
|
|
| |
Multi-Index Lifestyle Balanced | Benchmark Index – The fund underperformed | Subadviser fee comparative data | The Board took into account | |
Portfolio | for the one-, three-, five- and five-year periods. | not provided due to limited size of | management's discussion of the | |
(Manulife Investment | Lipper Category – The fund outperformed the | Lipper peer group for this purpose. | factors that contributed to the | |
| fund's performance relative to the | |||
Management (US)) | median for the five-year period and | Net management fees for this | ||
benchmark index for the one-, | ||||
| underperformed for the one- and three-year | fund are higher than the peer | ||
| three-, and five-year periods and | |||
| periods. | group median. | ||
| relative to the peer group median | |||
|
|
| ||
|
| Net management fees for this | for the one- and three-year | |
|
| fund are lower than the peer | periods including the impact of | |
|
| group median. | past and current market | |
|
|
| conditions on the fund's strategy | |
|
|
| and management's outlook for the | |
|
|
| fund. | |
|
|
| The Board concluded that the | |
|
|
| fund's performance is being | |
|
|
| monitored and reasonably | |
|
|
| addressed, where appropriate. | |
|
|
| The Board took into account | |
|
|
| management's discussion of the | |
|
|
| fund's expenses. | |
|
|
|
|
ANNUAL REPORT | JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS 43
Portfolio (subadvisor) | Performance of fund, as of 12.31.2020 | Fees and expenses | Comments | |
|
|
|
| |
Multi-Index Lifestyle Moderate | Benchmark Index – The fund underperformed | Subadviser fee comparative data | The Board took into account | |
Portfolio | for the one-, three-, five- and five-year periods. | not provided due to limited size of | management's discussion of the | |
(Manulife Investment | Lipper Category – The fund outperformed the | Lipper peer group for this purpose. | fund's performance, including the | |
| favorable performance relative to | |||
Management (US)) | median for the one-, three-, and five-year | Net management fees for this | ||
the peer group median for the | ||||
| periods. | fund are higher than the peer | ||
| one-, three-, and five-year periods. | |||
|
| group median. | ||
|
|
| ||
|
| Total expenses for this fund are |
| |
|
| lower than the peer group median |
| |
|
|
|
| |
Multi-Index Lifestyle | Benchmark Index – The fund underperformed | Subadviser fee comparative data | The Board took into account | |
Conservative Portfolio | for the one-, three- and five-year periods. | not provided due to limited size of | management's discussion of the | |
(Manulife Investment | Lipper Category – The fund outperformed the | Lipper peer group for this purpose. | fund's performance, including the | |
| favorable performance relative to | |||
Management (US)) | median for the one-, three-, and five-year | Net management fees for this | ||
the peer group median for the | ||||
| periods. | fund are higher than the peer | ||
| one, three-, and five-year periods. | |||
|
| group median. | ||
|
|
| ||
|
| Total expenses for this fund are |
| |
|
| lower than the peer group |
| |
|
| median. |
| |
|
|
|
|
44 JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS | ANNUAL REPORT
STATEMENT REGARDING LIQUIDITY RISK MANAGEMENT
Operation of the Liquidity Risk Management Program
This section describes operation and effectiveness of the Liquidity Risk Management Program (LRMP) established in accordance with Rule 22e-4 under the Investment Company Act of 1940, as amended (the Liquidity Rule). The Board of Trustees (the Board) of each Fund in the John Hancock Group of Funds (each a Fund and collectively, the Funds) that is subject to the requirements of the Liquidity Rule has appointed John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (together, the Advisor) to serve as Administrator of the LRMP with respect to each of the Funds, including John Hancock Multi-Index Lifestyle Aggressive Portfolio, John Hancock Multi-Index Lifestyle Growth Portfolio, John Hancock Multi-Index Lifestyle Balanced Portfolio, John Hancock Multi-Index Lifestyle Moderate Portfolio, John Hancock Multi-Index Lifestyle Conservative Portfolio, subject to the oversight of the Board. In order to provide a mechanism and process to perform the functions necessary to administer the LRMP, the Advisor established the Liquidity Risk Management Committee (the Committee). The Portfolios' subadvisor(s), Manulife Investment Management (US) LLC (the Subadvisor) executes the day-to-day investment management and security-level activities of the Fund in accordance with the requirements of the LRMP, subject to the supervision of the Advisor and the Board.
The Committee holds monthly meetings to: (1) review the day-to-day operations of the LRMP; (2) review and approve month end liquidity classifications; (3) review quarterly testing and determinations, as applicable; and (4) review other LRMP related material. The Advisor also conducts daily, monthly, quarterly, and annual quantitative and qualitative assessments of each subadvisor to a Fund that is subject to the requirements of the Liquidity Rule and is a part of the LRMP to monitor investment performance issues, risks and trends. In addition, the Advisor may conduct ad-hoc reviews and meetings with subadvisors as issues and trends are identified, including potential liquidity and valuation issues. The Committee also monitors global events, such as the COVID-19 Coronavirus, that could impact the markets and liquidity of portfolio investments and their classifications.
The Committee provided the Board at a meeting held by videoconference on March 23-25, 2021 with a written report which addressed the Committee's assessment of the adequacy and effectiveness of the implementation and operation of the LRMP and any material changes to the LRMP. The report, which covered the period January 1, 2020 through December 31, 2020, included an assessment of important aspects of the LRMP including, but not limited to: (1) Highly Liquid Investment Minimum (HLIM) determination; (2) Compliance with the 15% limit on illiquid investments; (3) Reasonably Anticipated Trade Size (RATS) determination; (4) Security-level liquidity classifications; (5) Liquidity risk assessment; and (6) Operation of the Fund's Redemption-In-Kind Procedures. Additionally, the report included a discussion of notable changes and enhancements to the LRMP implemented during 2020.
The report also covered material liquidity matters which occurred or were reported during this period applicable to the Fund, if any, and the Committee's actions to address such matters.
The report stated, in relevant part, that during the period covered by the report:
•The Fund's investment strategy remained appropriate for an open-end fund structure;
•The Fund was able to meet requests for redemption without significant dilution of remaining investors' interests in the Fund;
•The Fund did not report any breaches of the 15% limit on illiquid investments that would require reporting to the Securities and Exchange Commission;
•The Fund continued to qualify as a Primarily Highly Liquid Fund under the Liquidity Rule and therefore is not required to establish a HLIM; and
•The Chief Compliance Officer's office performed audit testing of the LRMP which resulted in an assessment that the LRMP's control environment was deemed to be operating effectively and in compliance with the Board approved procedures.
Adequacy and Effectiveness
Based on the review and assessment conducted by the Committee, the Committee has determined that the LRMP has been implemented, and is operating in a manner that is adequate and effective at assessing and managing the liquidity risk of each Fund.
ANNUAL REPORT | JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS 45
Trustees and Officers
This chart provides information about the Trustees and Officers who oversee your John Hancock fund. Officers elected by the Trustees manage the day-to-day operations of the fund and execute policies formulated by the Trustees.
Independent Trustees
Name, year of birth | Trustee | Number of John |
Position(s) held with Trust | of the | Hancock funds |
Principal occupation(s) and other | Trust | overseen by |
directorships during past 5 years | since1 | Trustee |
Hassell H. McClellan, Born: 1945 | 2005 | 190 |
|
|
|
Trustee and Chairperson of the Board
Director/Trustee, Virtus Funds (2008-2020); Director, The Barnes Group (2010-2021); Associate Professor, The Wallace E. Carroll School of Management, Boston College (retired 2013). Trustee (since 2005) and Chairperson of the Board (since 2017) of various trusts within the John Hancock Fund Complex.
Charles L. Bardelis,2 Born: 1941 | 2005 | 190 |
Trustee
Director, Island Commuter Corp. (marine transport). Trustee of various trusts within the John Hancock Fund Complex (since 1988).
James R. Boyle, Born: 1959 | 2015 | 190 |
Trustee
Chief Executive Officer, Foresters Financial (since 2018); Chairman and Chief Executive Officer, Zillion Group, Inc. (formerly HealthFleet, Inc.) (healthcare) (2014-2018); Executive Vice President and Chief Executive Officer, U.S. Life Insurance Division of Genworth Financial, Inc. (insurance) (January 2014–July 2014); Senior Executive Vice President, Manulife Financial, President and Chief Executive Officer, John Hancock (1999–2012); Chairman and Director, John Hancock Investment Management LLC, John Hancock Investment Management Distributors LLC, and John Hancock Variable Trust Advisers LLC (2005–2010). Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015).
Peter S. Burgess,2 Born: 1942 | 2005 | 190 |
Trustee
Consultant (financial, accounting, and auditing matters) (since 1999); Certified Public Accountant; Partner, Arthur Andersen (independent public accounting firm) (prior to 1999); Director, Lincoln Educational Services Corporation (2004-2021); Director, Symetra Financial Corporation (2010–2016); Director, PMA Capital Corporation (2004–2010). Trustee of various trusts within the John Hancock Fund Complex (since 2005).
William H. Cunningham, Born: 1944 | 2012 | 190 |
Trustee
Professor, University of Texas, Austin, Texas (since 1971); former Chancellor, University of Texas System and former President of the University of Texas, Austin, Texas; Chairman (since 2009) and Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000); former Director, LIN Television (2009–2014). Trustee of various trusts within the John Hancock Fund Complex (since 1986).
Grace K. Fey, Born: 1946 | 2008 | 190 |
Trustee
Chief Executive Officer, Grace Fey Advisors (since 2007); Director and Executive Vice President, Frontier Capital Management Company (1988–2007); Director, Fiduciary Trust (since 2009). Trustee of various trusts within the John Hancock Fund Complex (since 2008).
Deborah C. Jackson, Born: 1952 | 2012 | 190 |
Trustee
President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Amwell Corporation (since 2020); Board of Directors, Massachusetts Women's Forum (2018-2020); Board of Directors, National Association of Corporate Directors/New England (2015-2020); Board of Directors, Association of Independent Colleges and Universities of Massachusetts (2014-2017); Chief Executive Officer, American Red Cross of Massachusetts Bay (2002–2011); Board of Directors of Eastern Bank Corporation (since 2001); Board of Directors of Eastern Bank Charitable Foundation (since 2001); Board of Directors of American Student Assistance Corporation (1996–2009); Board of Directors of Boston Stock Exchange (2002–2008); Board of Directors of Harvard Pilgrim Healthcare (health benefits company) (2007–2011). Trustee of various trusts within the John Hancock Fund Complex (since 2008).
Steven R. Pruchansky, Born: 1944 | 2012 | 190 |
Trustee and Vice Chairperson of the Board
Managing Director, Pru Realty (since 2017); Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (2014-2020); Director and President, Greenscapes of Southwest Florida, Inc. (until 2000); Member, Board of Advisors, First American Bank (until 2010); Managing Director, Jon James, LLC (real estate) (since 2000); Partner, Right Funding, LLC (2014-2017); Director, First Signature Bank & Trust Company (until 1991); Director, Mast Realty Trust (until 1994); President, Maxwell Building Corp. (until 1991). Trustee (since 1992), Chairperson of the Board (2011–2012), and Vice Chairperson of the Board (since 2012) of various trusts within the John Hancock Fund Complex.
46 JOHN HANCOCK MULTI-INDEX LIFESTYLE AGGRESSIVE PORTFOLIO | ANNUAL REPORT
Independent Trustees (continued)
Name, year of birth | Trustee | Number of John |
Position(s) held with Trust | of the | Hancock funds |
Principal occupation(s) and other | Trust | overseen by |
directorships during past 5 years | since1 | Trustee |
Frances G. Rathke,2,* Born: 1960 | 2020 | 190 |
Trustee |
|
|
Board Member, Oatly Group AB (plant-based drink company) (since 2021): Director, Northern New England Energy Corporation (since 2017); Director, Audit Committee Chair and Compensation Committee Member, Green Mountain Power Corporation (since 2016); Director, Treasurer and Finance & Audit Committee Chair, Flynn Center for Performing Arts (since 2016); Director, Audit Committee Chair and Compensation Committee Member, Planet Fitness (since 2016); Director, Citizen Cider, Inc.
(high-end hard cider and hard seltzer company) (since 2016); Chief Financial Officer and Treasurer, Keurig Green Mountain, Inc. (2003-retired 2015); Independent Financial Consultant, Frances Rathke Consulting (strategic and financial consulting services) (2001-2003); Chief Financial Officer and Secretary, Ben & Jerry's Homemade, Inc. (1989-2000, including prior positions); Senior Manager, Coopers & Lybrand, LLC (independent public accounting firm) (1982-1989). Trustee of various trusts within the John Hancock Fund Complex (since 2020).
Gregory A. Russo, Born: 1949 | 2012 | 190 |
Trustee
Director and Audit Committee Chairman (2012-2020), and Member, Audit Committee and Finance Committee (2011-2020), NCH Healthcare System, Inc. (holding company for multi-entity healthcare system); Director and Member (2012-2018) and Finance Committee Chairman (2014-2018), The Moorings, Inc. (nonprofit continuing care community); Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); Vice Chairman, Industrial Markets, KPMG (1998–2002); Chairman and Treasurer, Westchester County, New York, Chamber of Commerce (1986–1992); Director, Treasurer, and Chairman of Audit and Finance Committees, Putnam Hospital Center (1989–1995); Director and Chairman of Fundraising Campaign, United Way of Westchester and Putnam Counties, New York (1990–1995). Trustee of various trusts within the John Hancock Fund Complex (since 2008).
Non-Independent Trustees3
Name, year of birth | Trustee | Number of John |
Position(s) held with Trust | of the | Hancock funds |
Principal occupation(s) and other | Trust | overseen by |
directorships during past 5 years | since1 | Trustee |
Andrew G. Arnott, Born: 1971 | 2017 | 190 |
|
|
|
President and Non-Independent Trustee
Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (since 2018); Director and Executive Vice President, John Hancock Investment Management LLC (since 2005, including prior positions); Director and Executive Vice President, John Hancock Variable Trust Advisers LLC (since 2006, including prior positions); President, John Hancock Investment Management Distributors LLC (since 2004, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2017).
Marianne Harrison, Born: 1963 | 2018 | 190 |
Non-Independent Trustee
President and CEO, John Hancock (since 2017); President and CEO, Manulife Canadian Division (2013–2017); Member, Board of Directors, Boston Medical Center (since 2021); Member, Board of Directors, CAE Inc. (since 2019); Member, Board of Directors, MA Competitive Partnership Board (since 2018); Member, Board of Directors, American Council of Life Insurers (ACLI) (since 2018); Member, Board of Directors, Communitech, an industry-led innovation center that fosters technology companies in Canada (2017-2019); Member, Board of Directors, Manulife Assurance Canada (2015-2017); Board Member, St. Mary's General Hospital Foundation (2014-2017); Member, Board of Directors, Manulife Bank of Canada (2013- 2017); Member, Standing Committee of the Canadian Life & Health Assurance Association (2013-2017); Member, Board of Directors, John Hancock USA, John Hancock Life & Health, John Hancock New York (2012–2013). Trustee of various trusts within the John Hancock Fund Complex (since 2018).
Principal officers who are not Trustees
Name, year of birth | Current |
Position(s) | |
Position(s) held with Trust | with the |
Principal occupation(s) | Trust |
during past 5 years | since |
|
|
Charles A. Rizzo, Born: 1957 | 2007 |
|
|
Chief Financial Officer
Vice President, John Hancock Financial Services (since 2008); Senior Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2008); Chief Financial Officer of various trusts within the John Hancock Fund Complex (since 2007).
Salvatore Schiavone, Born: 1965 | 2009 |
Treasurer
Assistant Vice President, John Hancock Financial Services (since 2007); Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2007); Treasurer of various trusts within the John Hancock Fund Complex (since 2007, including prior positions).
ANNUAL REPORT | JOHN HANCOCK MULTI-INDEX LIFESTYLE AGGRESSIVE PORTFOLIO 47
Principal officers who are not Trustees | (continued) |
Name, year of birth | Current |
Position(s) | |
Position(s) held with Trust | with the |
Principal occupation(s) | Trust |
during past 5 years | since |
|
|
Christopher (Kit) Sechler, Born: 1973 | 2018 |
|
|
Secretary and Chief Legal Officer
Vice President and Deputy Chief Counsel, John Hancock Investment Management (since 2015); Assistant Vice President and Senior Counsel (2009–2015), John Hancock Investment Management; Assistant Secretary of John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2009); Chief Legal Officer and Secretary of various trusts within the John Hancock Fund Complex (since 2009, including prior positions).
Trevor Swanberg, Born: 1979 | 2020 |
Chief Compliance Officer
Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2020); Deputy Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2019–2020); Assistant Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2016–2019); Vice President, State Street Global Advisors (2015–2016); Chief Compliance Officer of various trusts within the John Hancock Fund Complex (since 2016, including prior positions).
The business address for all Trustees and Officers is 200 Berkeley Street, Boston, Massachusetts 02116-5023.
The Statement of Additional Information of the fund includes additional information about members of the Board of Trustees of the Trust and is available without charge, upon request, by calling 800-225-5291.
1Each Trustee holds office until his or her successor is elected and qualified, or until the Trustee's death, retirement, resignation, or removal. Mr. Boyle has served as Trustee at various times prior to the date listed in the table.
2Member of the Audit Committee.
3The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates.
* Appointed as Independent Trustee effective as of September 15, 2020.
48 JOHN HANCOCK MULTI-INDEX LIFESTYLE AGGRESSIVE PORTFOLIO | ANNUAL REPORT
More information
Trustees | Investment advisor | |
Hassell H. McClellan, Chairperson | John Hancock Investment Management LLC | |
Steven R. Pruchansky, Vice Chairperson | Subadvisor | |
Andrew G. Arnott† | ||
Charles L. Bardelis* | Manulife Investment Management (US) LLC | |
James R. Boyle | Portfolio Managers | |
Peter S. Burgess* | Robert E. Sykes, CFA | |
William H. Cunningham | Nathan W. Thooft, CFA | |
Grace K. Fey | Principal distributor | |
Marianne Harrison† | ||
Deborah C. Jackson | John Hancock Investment Management Distributors LLC | |
| ||
Frances G. Rathke*,1 | Custodian | |
Gregory A. Russo | ||
State Street Bank and Trust Company | ||
| ||
Officers | Transfer agent | |
Andrew G. Arnott | ||
John Hancock Signature Services, Inc. | ||
President | ||
Legal counsel | ||
Charles A. Rizzo | ||
Chief Financial Officer | K&L Gates LLP | |
Salvatore Schiavone | Independent registered public accounting firm | |
Treasurer | ||
PricewaterhouseCoopers LLP | ||
Christopher (Kit) Sechler | ||
| ||
Secretary and Chief Legal Officer |
| |
Trevor Swanberg |
| |
Chief Compliance Officer |
|
*Member of the Audit Committee
† Non-Independent Trustee
1 Appointed as Independent Trustee effective as of September 15, 2020
The portfolios' proxy voting policies and procedures, as well as the fund proxy voting record for the most recent twelve-month period ended June 30, are available free of charge on the Securities and Exchange Commission (SEC) website at sec.gov or on our website.
All of the portfolios' holdings as of the end of the third month of every fiscal quarter are filed with the SEC on Form N-PORT within 60 days of the end of the fiscal quarter. The portfolios' Form N-PORT filings are available on our website and the SEC's website, sec.gov.
We make this information on your portfolio, as well as monthly portfolio holdings, and other portfolio details available on our website at jhinvestments.com or by calling 800-225-5291.
You can also contact us: |
|
|
800-225-5291 | Regular mail: | Express mail: |
jhinvestments.com | John Hancock Signature Services, Inc. | John Hancock Signature Services, Inc. |
| P.O. Box 219909 | 430 W 7th Street |
| Kansas City, MO 64121-9909 | Suite 219909 |
|
| Kansas City, MO 64105-1407 |
|
|
|
ANNUAL REPORT | JOHN HANCOCK MULTI-INDEX LIFESTYLE PORTFOLIOS 49
John Hancock family of funds
U.S. EQUITY FUNDS
Blue Chip Growth
Classic Value
Disciplined Value
Disciplined Value Mid Cap
Equity Income
Financial Industries
Fundamental All Cap Core
Fundamental Large Cap Core
New Opportunities
Regional Bank
Small Cap Core
Small Cap Growth
Small Cap Value
U.S. Global Leaders Growth
U.S. Growth
INTERNATIONAL EQUITY FUNDS
Disciplined Value International
Emerging Markets
Emerging Markets Equity
Fundamental Global Franchise
Global Equity
Global Shareholder Yield
Global Thematic Opportunities
International Dynamic Growth
International Growth
International Small Company
FIXED-INCOME FUNDS
Bond
California Tax-Free Income
Emerging Markets Debt
Floating Rate Income
Government Income
High Yield
High Yield Municipal Bond
Income
Investment Grade Bond
Money Market
Opportunistic Fixed Income
Short Duration Bond
Short Duration Credit Opportunities
Strategic Income Opportunities
Tax-Free Bond
ALTERNATIVE FUNDS
Absolute Return Currency
Alternative Asset Allocation
Diversified Macro
Infrastructure
Multi-Asset Absolute Return
Real Estate Securities
Seaport Long/Short
A fund's investment objectives, risks, charges, and expenses should be considered carefully before investing. The prospectus contains this and other important information about the fund. To obtain a prospectus, contact your financial professional, call John Hancock Investments at 800-225-5291, or visit our website at jhinvestments.com. Please read the prospectus carefully before investing or sending money.
ASSET ALLOCATION/TARGET DATE FUNDS
Balanced
Multi-Asset High Income
Multi-Index Lifetime Portfolios
Multi-Index Preservation Portfolios
Multimanager Lifestyle Portfolios
Multimanager Lifetime Portfolios
Retirement Income 2040
EXCHANGE-TRADED FUNDS
John Hancock Corporate Bond ETF
John Hancock Multifactor Consumer Discretionary ETF John Hancock Multifactor Consumer Staples ETF John Hancock Multifactor Developed International ETF John Hancock Multifactor Emerging Markets ETF John Hancock Multifactor Energy ETF
John Hancock Multifactor Financials ETF
John Hancock Multifactor Healthcare ETF
John Hancock Multifactor Industrials ETF
John Hancock Multifactor Large Cap ETF
John Hancock Multifactor Materials ETF
John Hancock Multifactor Media and
Communications ETF
John Hancock Multifactor Mid Cap ETF
John Hancock Multifactor Small Cap ETF
John Hancock Multifactor Technology ETF John Hancock Multifactor Utilities ETF
ENVIRONMENTAL, SOCIAL, AND GOVERNANCE FUNDS
ESG Core Bond
ESG International Equity
ESG Large Cap Core
CLOSED-END FUNDS
Financial Opportunities
Hedged Equity & Income
Income Securities Trust
Investors Trust
Preferred Income
Preferred Income II
Preferred Income III
Premium Dividend
Tax-Advantaged Dividend Income Tax-Advantaged Global Shareholder Yield
John Hancock ETF shares are bought and sold at market price (not NAV), and are not individually redeemed from the fund. Brokerage commissions will reduce returns.
John Hancock ETFs are distributed by Foreside Fund Services, LLC, and are subadvised by Manulife Investment Management (US) LLC or Dimensional Fund Advisors LP. Foreside is not affiliated with John Hancock Investment Management Distributors LLC, Manulife Investment Management (US) LLC or Dimensional Fund Advisors LP.
Dimensional Fund Advisors LP receives compensation from John Hancock in connection with licensing rights to the John Hancock Dimensional indexes. Dimensional Fund Advisors LP does not sponsor, endorse, or sell, and makes no representation as to the advisability of investing in, John Hancock Multifactor ETFs.
A trusted brand
John Hancock Investment Management is a premier asset manager 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.
A better way to invest
We serve investors globally through a unique multimanager approach: 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.
Results for investors
Our unique approach to asset management enables us to provide a diverse set of investments backed by some of the world's best managers, along with strong risk-adjusted returns across asset classes.
"A trusted brand" is based on a survey of 6,651 respondents conducted by Medallia between 3/18/20 and 5/13/20.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC
200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
This report is for the information of the shareholders of John Hancock Multi-Index Lifestyle Portfolios. It is not authorized for distribution to prospective investors unless preceded or accompanied by a prospectus.
MF1823019 | MILA 8/21 |
10/21 |
President and CEO,
John Hancock Investment Management
Head of Wealth and Asset Management,
United States and Europe
ANNUAL REPORT | JOHN HANCOCK ALTERNATIVE ASSET ALLOCATION FUND | 1 |
2 | JOHN HANCOCK ALTERNATIVE ASSET ALLOCATION FUND | ANNUAL REPORT |
ASSET ALLOCATION AS OF 8/31/2021 (% of net assets) | |
Affiliated investment companies | 66.4 |
Absolute return strategies | 35.6 |
Alternative investment approaches | 23.3 |
Alternative markets | 7.5 |
Unaffiliated investment companies | 33.3 |
Absolute return strategies | 19.0 |
Alternative investment approaches | 11.4 |
Alternative markets | 2.9 |
Short-term investments and other | 0.3 |
ANNUAL REPORT | JOHN HANCOCK ALTERNATIVE ASSET ALLOCATION FUND | 3 |
4 | JOHN HANCOCK ALTERNATIVE ASSET ALLOCATION FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK ALTERNATIVE ASSET ALLOCATION FUND | 5 |
Average annual total returns (%) with maximum sales charge | Cumulative total returns (%) with maximum sales charge | ||||
1-year | 5-year | 10-year | 5-year | 10-year | |
Class A | 3.11 | 2.98 | 2.80 | 15.80 | 31.86 |
Class C | 6.77 | 3.30 | 2.61 | 17.64 | 29.35 |
Class I1 | 8.92 | 4.34 | 3.66 | 23.66 | 43.28 |
Class R21,2 | 8.41 | 3.91 | 3.20 | 21.17 | 37.08 |
Class R41,2 | 8.70 | 4.19 | 3.45 | 22.77 | 40.39 |
Class R61 | 9.02 | 4.46 | 3.74 | 24.38 | 44.37 |
Index† | 9.10 | 3.94 | 2.25 | 21.31 | 24.92 |
Class A | Class C | Class I | Class R2 | Class R4 | Class R6 | |
Gross (%) | 1.89 | 2.59 | 1.59 | 1.97 | 1.82 | 1.47 |
Net (%) | 1.67 | 2.37 | 1.37 | 1.75 | 1.50 | 1.25 |
6 | JOHN HANCOCK ALTERNATIVE ASSET ALLOCATION FUND | ANNUAL REPORT |
Start date | With maximum sales charge ($) | Without sales charge ($) | Index ($) | |
Class C3 | 8-31-11 | 12,935 | 12,935 | 12,492 |
Class I1 | 8-31-11 | 14,328 | 14,328 | 12,492 |
Class R21,2 | 8-31-11 | 13,708 | 13,708 | 12,492 |
Class R41,2 | 8-31-11 | 14,039 | 14,039 | 12,492 |
Class R61 | 8-31-11 | 14,437 | 14,437 | 12,492 |
1 | For certain types of investors, as described in the fund’s prospectus. |
2 | Class R2 and Class R4 shares were first offered on 3-1-12 and 6-27-13, 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. |
3 | The contingent deferred sales charge is not applicable. |
ANNUAL REPORT | JOHN HANCOCK ALTERNATIVE ASSET ALLOCATION FUND | 7 |
8 | JOHN HANCOCK ALTERNATIVE ASSET ALLOCATION FUND | ANNUAL REPORT |
Account value on 3-1-2021 | Ending value on 8-31-2021 | Expenses paid during period ended 8-31-20211 | Annualized expense ratio2 | ||
Class A | Actual expenses/actual returns | $1,000.00 | $1,043.20 | $3.45 | 0.67% |
Hypothetical example | 1,000.00 | 1,021.80 | 3.41 | 0.67% | |
Class C | Actual expenses/actual returns | 1,000.00 | 1,039.00 | 7.04 | 1.37% |
Hypothetical example | 1,000.00 | 1,018.30 | 6.97 | 1.37% | |
Class I | Actual expenses/actual returns | 1,000.00 | 1,044.50 | 1.91 | 0.37% |
Hypothetical example | 1,000.00 | 1,023.30 | 1.89 | 0.37% | |
Class R2 | Actual expenses/actual returns | 1,000.00 | 1,041.90 | 3.86 | 0.75% |
Hypothetical example | 1,000.00 | 1,021.40 | 3.82 | 0.75% | |
Class R4 | Actual expenses/actual returns | 1,000.00 | 1,043.80 | 2.63 | 0.51% |
Hypothetical example | 1,000.00 | 1,022.60 | 2.60 | 0.51% | |
Class R6 | Actual expenses/actual returns | 1,000.00 | 1,045.20 | 1.39 | 0.27% |
Hypothetical example | 1,000.00 | 1,023.80 | 1.38 | 0.27% |
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). |
2 | Ratios do not include fees and expenses indirectly incurred by the underlying funds and can vary based on mixed of underlying funds held by the fund. |
ANNUAL REPORT | JOHN HANCOCK ALTERNATIVE ASSET ALLOCATION FUND | 9 |
Shares | Value | ||||
Affiliated investment companies (A) 66.4% | $320,046,239 | ||||
(Cost $291,549,213) | |||||
Absolute return strategies 35.6% | 171,636,198 | ||||
Absolute Return Currency, Class NAV, JHF II (First Quadrant) (B) | 3,109,089 | 31,992,526 | |||
Absolute Return Opportunities, Class NAV, JHF II (MIM US) (B)(C) | 2,660,507 | 20,432,695 | |||
Credit Suisse Managed Futures Strategy Fund (B)(D) | 2,072,421 | 22,257,796 | |||
Diversified Macro, Class NAV, JHIT (Graham) | 4,083,523 | 38,425,952 | |||
Multi-Asset Absolute Return, Class NAV, JHF II (NIMNAI) | 5,660,274 | 58,527,229 | |||
Alternative investment approaches 23.3% | 112,390,541 | ||||
Seaport Long/Short, Class NAV, JHIT (Wellington) | 4,217,938 | 55,845,495 | |||
Strategic Income Opportunities, Class NAV, JHF II (MIM US) (C) | 4,973,179 | 56,545,046 | |||
Alternative markets 7.5% | 36,019,500 | ||||
Infrastructure, Class NAV, JHIT (Wellington) | 1,522,756 | 23,084,974 | |||
Invesco DB Gold Fund (B)(D) | 248,073 | 12,934,526 | |||
Unaffiliated investment companies 33.3% | $160,236,884 | ||||
(Cost $142,212,341) | |||||
Absolute return strategies 19.0% | 91,558,636 | ||||
Calamos Market Neutral Income Fund | 1,172,185 | 16,820,854 | |||
IQ Merger Arbitrage ETF (E) | 558,611 | 18,350,371 | |||
The Arbitrage Fund, Class I | 2,951,685 | 39,286,923 | |||
Victory Market Neutral Income Fund | 1,775,752 | 17,100,488 | |||
Alternative investment approaches 11.4% | 54,951,441 | ||||
JPMorgan Hedged Equity Fund | 2,063,516 | 54,951,441 | |||
Alternative markets 2.9% | 13,726,807 | ||||
Invesco Optimum Yield Diversified Commodity Strategy No. K-1 ETF | 402,755 | 8,067,183 | |||
Vanguard Real Estate ETF | 52,124 | 5,659,624 | |||
Yield (%) | Shares | Value | |||
Short-term investments 1.5% | $6,948,221 | ||||
(Cost $6,946,666) | |||||
Short-term funds 1.5% | 6,948,221 | ||||
John Hancock Collateral Trust (F) | 0.0356(G) | 654,110 | 6,545,743 | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class | 0.0250(G) | 402,478 | 402,478 |
10 | JOHN HANCOCK ALTERNATIVE ASSET ALLOCATION FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Total investments (Cost $440,708,220) 101.2% | $487,231,344 | ||||
Other assets and liabilities, net (1.2%) | (5,670,039) | ||||
Total net assets 100.0% | $481,561,305 |
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 | |
JHF II | John Hancock Funds II |
JHIT | John Hancock Investment Trust |
(A) | The underlying funds’ subadvisor is shown parenthetically. |
(B) | Non-income producing. |
(C) | The subadvisor is an affiliate of the advisor. |
(D) | The fund owns 5% or more of the outstanding voting shares of the issuer and the security is considered an affiliate of the fund. For more information on this security refer to the Notes to financial statements. |
(E) | All or a portion of this security is on loan as of 8-31-21. |
(F) | Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |
(G) | The rate shown is the annualized seven-day yield as of 8-31-21. |
Subadvisors of Affiliated Underlying Funds | |
First Quadrant, L.P. | (First Quadrant) |
Graham Capital Management, L.P. | (Graham) |
Manulife Investment Management (US) LLC | (MIM US) |
Nordea Investment Management North America, Inc. | (NIMNAI) |
Wellington Management Company LLP | (Wellington) |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK ALTERNATIVE ASSET ALLOCATION FUND | 11 |
Assets | |
Unaffiliated investments, at value (Cost $142,614,819) including $6,401,682 of securities loaned | $160,639,362 |
Affiliated investments, at value (Cost $298,093,401) | 326,591,982 |
Total investments, at value (Cost $440,708,220) | 487,231,344 |
Dividends and interest receivable | 164,686 |
Receivable for fund shares sold | 1,462,588 |
Receivable for securities lending income | 8,353 |
Receivable from affiliates | 890 |
Other assets | 61,501 |
Total assets | 488,929,362 |
Liabilities | |
Due to custodian | 1,359 |
Payable for investments purchased | 239,630 |
Payable for fund shares repurchased | 396,779 |
Payable upon return of securities loaned | 6,543,800 |
Payable to affiliates | |
Accounting and legal services fees | 18,462 |
Transfer agent fees | 43,963 |
Distribution and service fees | 203 |
Trustees’ fees | 123 |
Other liabilities and accrued expenses | 123,738 |
Total liabilities | 7,368,057 |
Net assets | $481,561,305 |
Net assets consist of | |
Paid-in capital | $487,588,383 |
Total distributable earnings (loss) | (6,027,078) |
Net assets | $481,561,305 |
12 | JOHN HANCOCK Alternative Asset Allocation Fund | ANNUAL 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 ($68,176,764 ÷ 4,343,269 shares)1 | $15.70 |
Class C ($17,230,693 ÷ 1,097,624 shares)1 | $15.70 |
Class I ($374,060,401 ÷ 23,786,592 shares) | $15.73 |
Class R2 ($963,994 ÷ 61,502 shares) | $15.67 |
Class R4 ($48,037 ÷ 3,054 shares) | $15.73 |
Class R6 ($21,081,416 ÷ 1,339,614 shares) | $15.74 |
Maximum offering price per share | |
Class A (net asset value per share ÷ 95%)2 | $16.53 |
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 | ANNUAL REPORT | JOHN HANCOCK Alternative Asset Allocation Fund | 13 |
Investment income | |
Dividends from affiliated investments | $3,987,795 |
Dividends | 1,264,017 |
Securities lending | 56,285 |
Interest | 111 |
Total investment income | 5,308,208 |
Expenses | |
Investment management fees | 1,805,527 |
Distribution and service fees | 422,716 |
Accounting and legal services fees | 67,526 |
Transfer agent fees | 516,930 |
Trustees’ fees | 8,533 |
Custodian fees | 37,577 |
State registration fees | 108,551 |
Printing and postage | 65,657 |
Professional fees | 64,120 |
Other | 35,295 |
Total expenses | 3,132,432 |
Less expense reductions | (1,023,652) |
Net expenses | 2,108,780 |
Net investment income | 3,199,428 |
Realized and unrealized gain (loss) | |
Net realized gain (loss) on | |
Unaffiliated investments | 2,286,548 |
Affiliated investments | (869,231) |
Capital gain distributions received from unaffiliated investments | 2,373,033 |
Capital gain distributions received from affiliated investments | 2,288,841 |
6,079,191 | |
Change in net unrealized appreciation (depreciation) of | |
Unaffiliated investments | 10,622,044 |
Affiliated investments | 19,548,385 |
30,170,429 | |
Net realized and unrealized gain | 36,249,620 |
Increase in net assets from operations | $39,449,048 |
14 | JOHN HANCOCK Alternative Asset Allocation Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Year ended 8-31-21 | Year ended 8-31-20 | |
Increase (decrease) in net assets | ||
From operations | ||
Net investment income | $3,199,428 | $4,321,045 |
Net realized gain | 6,079,191 | 6,000,154 |
Change in net unrealized appreciation (depreciation) | 30,170,429 | 801,562 |
Increase in net assets resulting from operations | 39,449,048 | 11,122,761 |
Distributions to shareholders | ||
From earnings | ||
Class A | (483,892) | (2,347,118) |
Class C | (19,302) | (1,030,673) |
Class I | (3,660,140) | (15,281,356) |
Class R2 | (5,324) | (44,843) |
Class R4 | (547) | (1,208) |
Class R6 | (236,228) | (800,607) |
Total distributions | (4,405,433) | (19,505,805) |
From fund share transactions | (16,257,115) | (96,498,367) |
Total increase (decrease) | 18,786,500 | (104,881,411) |
Net assets | ||
Beginning of year | 462,774,805 | 567,656,216 |
End of year | $481,561,305 | $462,774,805 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Alternative Asset Allocation Fund | 15 |
CLASS A SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $14.57 | $14.66 | $14.51 | $14.55 | $13.96 |
Net investment income1,2 | 0.07 | 0.09 | 0.25 | 0.13 | 0.10 |
Net realized and unrealized gain (loss) on investments | 1.17 | 0.31 | 0.17 | 0.01 | 0.60 |
Total from investment operations | 1.24 | 0.40 | 0.42 | 0.14 | 0.70 |
Less distributions | |||||
From net investment income | (0.03) | (0.27) | (0.17) | (0.11) | (0.08) |
From net realized gain | (0.08) | (0.22) | (0.10) | (0.07) | (0.03) |
Total distributions | (0.11) | (0.49) | (0.27) | (0.18) | (0.11) |
Net asset value, end of period | $15.70 | $14.57 | $14.66 | $14.51 | $14.55 |
Total return (%)3,4 | 8.55 | 2.74 | 3.05 | 0.95 | 5.03 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $68 | $62 | $73 | $95 | $136 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions5 | 0.88 | 0.88 | 0.77 | 0.72 | 0.72 |
Expenses including reductions5 | 0.66 | 0.66 | 0.64 | 0.59 | 0.59 |
Net investment income2 | 0.47 | 0.63 | 1.73 | 0.86 | 0.71 |
Portfolio turnover (%) | 25 | 37 | 39 | 18 | 10 |
1 | Based on average daily shares outstanding. |
2 | Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the fund invests. |
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 | Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the fund. |
16 | JOHN HANCOCK Alternative Asset Allocation Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS C SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $14.58 | $14.67 | $14.51 | $14.56 | $13.97 |
Net investment income (loss)1,2 | (0.03) | (0.01) | 0.15 | 0.02 | —3 |
Net realized and unrealized gain (loss) on investments | 1.16 | 0.31 | 0.18 | 0.01 | 0.60 |
Total from investment operations | 1.13 | 0.30 | 0.33 | 0.03 | 0.60 |
Less distributions | |||||
From net investment income | — | (0.17) | (0.07) | (0.01) | — |
From net realized gain | (0.01) | (0.22) | (0.10) | (0.07) | (0.01) |
Total distributions | (0.01) | (0.39) | (0.17) | (0.08) | (0.01) |
Net asset value, end of period | $15.70 | $14.58 | $14.67 | $14.51 | $14.56 |
Total return (%)4,5 | 7.77 | 2.04 | 2.37 | 0.19 | 4.30 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $17 | $31 | $42 | $57 | $72 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions6 | 1.58 | 1.58 | 1.47 | 1.42 | 1.42 |
Expenses including reductions6 | 1.36 | 1.36 | 1.34 | 1.29 | 1.29 |
Net investment income (loss)2 | (0.21) | (0.06) | 1.02 | 0.17 | —7 |
Portfolio turnover (%) | 25 | 37 | 39 | 18 | 10 |
1 | Based on average daily shares outstanding. |
2 | Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the fund invests. |
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 | Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the fund. |
7 | Less than 0.005%. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Alternative Asset Allocation Fund | 17 |
CLASS I SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $14.59 | $14.68 | $14.53 | $14.58 | $13.99 |
Net investment income1,2 | 0.12 | 0.14 | 0.29 | 0.17 | 0.14 |
Net realized and unrealized gain (loss) on investments | 1.17 | 0.30 | 0.18 | —3 | 0.60 |
Total from investment operations | 1.29 | 0.44 | 0.47 | 0.17 | 0.74 |
Less distributions | |||||
From net investment income | (0.07) | (0.31) | (0.22) | (0.15) | (0.12) |
From net realized gain | (0.08) | (0.22) | (0.10) | (0.07) | (0.03) |
Total distributions | (0.15) | (0.53) | (0.32) | (0.22) | (0.15) |
Net asset value, end of period | $15.73 | $14.59 | $14.68 | $14.53 | $14.58 |
Total return (%)4 | 8.92 | 3.04 | 3.39 | 1.18 | 5.34 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $374 | $347 | $423 | $510 | $495 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions5 | 0.58 | 0.58 | 0.49 | 0.42 | 0.40 |
Expenses including reductions5 | 0.36 | 0.36 | 0.35 | 0.30 | 0.28 |
Net investment income2 | 0.76 | 0.95 | 2.04 | 1.16 | 1.01 |
Portfolio turnover (%) | 25 | 37 | 39 | 18 | 10 |
1 | Based on average daily shares outstanding. |
2 | Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the fund invests. |
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 | Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the fund. |
18 | JOHN HANCOCK Alternative Asset Allocation Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS R2 SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $14.55 | $14.64 | $14.49 | $14.53 | $13.95 |
Net investment income1,2 | 0.06 | 0.08 | 0.24 | 0.11 | 0.08 |
Net realized and unrealized gain (loss) on investments | 1.16 | 0.31 | 0.17 | 0.01 | 0.60 |
Total from investment operations | 1.22 | 0.39 | 0.41 | 0.12 | 0.68 |
Less distributions | |||||
From net investment income | (0.02) | (0.26) | (0.16) | (0.09) | (0.07) |
From net realized gain | (0.08) | (0.22) | (0.10) | (0.07) | (0.03) |
Total distributions | (0.10) | (0.48) | (0.26) | (0.16) | (0.10) |
Net asset value, end of period | $15.67 | $14.55 | $14.64 | $14.49 | $14.53 |
Total return (%)3 | 8.41 | 2.65 | 2.95 | 0.85 | 4.87 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $1 | $1 | $2 | $3 | $4 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions4 | 0.95 | 0.96 | 0.87 | 0.83 | 0.82 |
Expenses including reductions4 | 0.74 | 0.75 | 0.74 | 0.70 | 0.69 |
Net investment income2 | 0.38 | 0.54 | 1.67 | 0.78 | 0.60 |
Portfolio turnover (%) | 25 | 37 | 39 | 18 | 10 |
1 | Based on average daily shares outstanding. |
2 | Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the fund invests. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the fund. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Alternative Asset Allocation Fund | 19 |
CLASS R4 SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $14.60 | $14.69 | $14.54 | $14.58 | $13.99 |
Net investment income1,2 | 0.10 | 0.07 | 0.27 | 0.15 | 0.12 |
Net realized and unrealized gain (loss) on investments | 1.16 | 0.35 | 0.18 | 0.01 | 0.60 |
Total from investment operations | 1.26 | 0.42 | 0.45 | 0.16 | 0.72 |
Less distributions | |||||
From net investment income | (0.05) | (0.29) | (0.20) | (0.13) | (0.10) |
From net realized gain | (0.08) | (0.22) | (0.10) | (0.07) | (0.03) |
Total distributions | (0.13) | (0.51) | (0.30) | (0.20) | (0.13) |
Net asset value, end of period | $15.73 | $14.60 | $14.69 | $14.54 | $14.58 |
Total return (%)3 | 8.70 | 2.91 | 3.22 | 1.10 | 5.18 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $—4 | $—4 | $—4 | $1 | $5 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions5 | 0.83 | 0.81 | 0.73 | 0.67 | 0.66 |
Expenses including reductions5 | 0.51 | 0.50 | 0.50 | 0.44 | 0.44 |
Net investment income2 | 0.68 | 0.45 | 1.76 | 1.05 | 0.85 |
Portfolio turnover (%) | 25 | 37 | 39 | 18 | 10 |
1 | Based on average daily shares outstanding. |
2 | Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the fund invests. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Less than $500,000. |
5 | Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the fund. |
20 | JOHN HANCOCK Alternative Asset Allocation Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS R6 SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $14.60 | $14.69 | $14.54 | $14.58 | $13.99 |
Net investment income1,2 | 0.13 | 0.14 | 0.32 | 0.18 | 0.16 |
Net realized and unrealized gain (loss) on investments | 1.18 | 0.32 | 0.16 | 0.02 | 0.60 |
Total from investment operations | 1.31 | 0.46 | 0.48 | 0.20 | 0.76 |
Less distributions | |||||
From net investment income | (0.09) | (0.33) | (0.23) | (0.17) | (0.14) |
From net realized gain | (0.08) | (0.22) | (0.10) | (0.07) | (0.03) |
Total distributions | (0.17) | (0.55) | (0.33) | (0.24) | (0.17) |
Net asset value, end of period | $15.74 | $14.60 | $14.69 | $14.54 | $14.58 |
Total return (%)3 | 9.02 | 3.15 | 3.49 | 1.34 | 5.45 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $21 | $22 | $26 | $18 | $15 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions4 | 0.48 | 0.46 | 0.37 | 0.32 | 0.31 |
Expenses including reductions4 | 0.26 | 0.25 | 0.24 | 0.20 | 0.18 |
Net investment income2 | 0.88 | 1.01 | 2.23 | 1.26 | 1.11 |
Portfolio turnover (%) | 25 | 37 | 39 | 18 | 10 |
1 | Based on average daily shares outstanding. |
2 | Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the fund invests. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the fund. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Alternative Asset Allocation Fund | 21 |
22 | JOHN HANCOCK Alternative Asset Allocation Fund | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK Alternative Asset Allocation Fund | 23 |
24 | JOHN HANCOCK Alternative Asset Allocation Fund | ANNUAL REPORT |
August 31, 2021 | August 31, 2020 | |
Ordinary income | $4,405,433 | $19,505,805 |
First $5.0 billion of aggregate net assets | Excess over $5.0 billion of aggregate net assets | |
Assets in a fund of the Trust or JHF III | 0.100% | 0.075% |
Other assets | 0.550% | 0.525% |
ANNUAL REPORT | JOHN HANCOCK Alternative Asset Allocation Fund | 25 |
Class | Expense reduction |
Class A | $140,704 |
Class C | 49,437 |
Class I | 785,631 |
Class R2 | 1,953 |
Class | Expense reduction |
Class R4 | $114 |
Class R6 | 45,761 |
Total | $1,023,600 |
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% |
26 | JOHN HANCOCK Alternative Asset Allocation Fund | ANNUAL REPORT |
Class | Distribution and service fees | Transfer agent fees |
Class A | $193,578 | $74,257 |
Class C | 224,687 | 25,862 |
Class I | — | 414,617 |
Class R2 | 4,270 | 90 |
Class R4 | 181 | 5 |
Class R6 | — | 2,099 |
Total | $422,716 | $516,930 |
ANNUAL REPORT | JOHN HANCOCK Alternative Asset Allocation Fund | 27 |
Year Ended 8-31-21 | Year Ended 8-31-20 | |||
Shares | Amount | Shares | Amount | |
Class A shares | ||||
Sold | 1,121,979 | $17,005,972 | 532,714 | $7,649,230 |
Distributions reinvested | 31,159 | 465,517 | 154,878 | 2,244,177 |
Repurchased | (1,054,756) | (15,897,317) | (1,445,757) | (20,620,988) |
Net increase (decrease) | 98,382 | $1,574,172 | (758,165) | $(10,727,581) |
Class C shares | ||||
Sold | 54,169 | $826,562 | 42,781 | $618,193 |
Distributions reinvested | 1,277 | 19,165 | 68,875 | 1,002,820 |
Repurchased | (1,072,669) | (16,159,190) | (888,201) | (12,690,671) |
Net decrease | (1,017,223) | $(15,313,463) | (776,545) | $(11,069,658) |
Class I shares | ||||
Sold | 6,380,955 | $96,946,750 | 6,847,511 | $97,633,578 |
Distributions reinvested | 239,814 | 3,582,824 | 942,827 | 13,652,128 |
Repurchased | (6,630,884) | (100,658,322) | (12,832,637) | (180,420,235) |
Net decrease | (10,115) | $(128,748) | (5,042,299) | $(69,134,529) |
Class R2 shares | ||||
Sold | 12,863 | $195,010 | 18,549 | $264,201 |
Distributions reinvested | 307 | 4,586 | 2,864 | 41,474 |
Repurchased | (14,052) | (209,438) | (118,578) | (1,709,278) |
Net decrease | (882) | $(9,842) | (97,165) | $(1,403,603) |
Class R4 shares | ||||
Sold | 415 | $6,349 | 6,520 | $94,845 |
Distributions reinvested | 37 | 547 | 83 | 1,208 |
Repurchased | (1,388) | (21,087) | (20,027) | (289,651) |
Net decrease | (936) | $(14,191) | (13,424) | $(193,598) |
Class R6 shares | ||||
Sold | 476,262 | $7,256,957 | 521,425 | $7,378,383 |
Distributions reinvested | 15,812 | 236,228 | 55,291 | 800,607 |
Repurchased | (650,200) | (9,858,228) | (842,680) | (12,148,388) |
Net decrease | (158,126) | $(2,365,043) | (265,964) | $(3,969,398) |
Total net decrease | (1,088,900) | $(16,257,115) | (6,953,562) | $(96,498,367) |
28 | JOHN HANCOCK Alternative Asset Allocation Fund | ANNUAL REPORT |
Fund | Underlying fund’s net assets |
JHF II Absolute Return Opportunities Fund | 99.3% |
JHF II Multi-Asset Absolute Return Fund | 12.5% |
JHF Diversified Macro Fund | 8.1% |
JHF II Absolute Return Currency Fund | 5.4% |
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 |
Absolute Return Currency | 3,109,089 | $23,151,965 | $11,522,112 | $(1,783,983) | $186,183 | $(1,083,751) | — | — | $31,992,526 |
Absolute Return Opportunities | 2,660,507 | — | 20,847,524 | — | — | (414,829) | — | — | 20,432,695 |
Alternative Risk Premia | — | 26,554,507 | 1,080,965 | (27,588,266) | (5,248,400) | 5,201,194 | $9,204 | — | — |
Diversified Macro | 4,083,523 | 37,189,046 | 4,747,764 | (3,193,015) | (178,567) | (139,276) | 812,055 | — | 38,425,952 |
Infrastructure | 1,522,756 | 22,603,789 | 2,173,698 | (6,037,909) | 669,611 | 3,675,785 | 444,703 | $102,654 | 23,084,974 |
John Hancock Collateral Trust* | 654,110 | 4,960,751 | 91,410,430 | (89,824,812) | 4,178 | (4,804) | 56,285 | — | 6,545,743 |
Multi-Asset Absolute Return | 5,660,274 | 53,222,920 | 5,223,329 | (6,357,683) | (380,825) | 6,819,488 | 490,529 | — | 58,527,229 |
Seaport Long/Short | 4,217,938 | 60,117,066 | 5,775,320 | (14,806,267) | 1,616,482 | 3,142,894 | — | 2,186,187 | 55,845,495 |
Short Duration Credit Opportunities | — | 35,265,044 | 1,802,162 | (38,088,634) | 1,935,368 | (913,940) | 729,063 | — | — |
Strategic Income Opportunities | 4,973,179 | 54,540,666 | 3,515,702 | (3,369,886) | 144,621 | 1,713,943 | 1,502,241 | — | 56,545,046 |
$(1,251,349) | $17,996,704 | $4,044,080 | $2,288,841 | $291,399,660 |
* | Refer to the Securities lending note within Note 2 for details regarding this investment. |
ANNUAL REPORT | JOHN HANCOCK Alternative Asset Allocation 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 |
Credit Suisse Managed Futures Strategy Fund | 2,072,421 | $23,059,268 | $823,983 | $(4,551,319) | $73,662 | $2,852,202 | — | — | $22,257,796 |
Invesco DB Gold Fund | 248,073 | 10,475,808 | 5,769,383 | (2,318,600) | 308,456 | (1,300,521) | — | — | 12,934,526 |
$382,118 | $1,551,681 | — | — | $35,192,322 |
30 | JOHN HANCOCK Alternative Asset Allocation Fund | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK ALTERNATIVE ASSET ALLOCATION FUND | 31 |
32 | JOHN HANCOCK ALTERNATIVE ASSET ALLOCATION FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK ALTERNATIVE ASSET ALLOCATION FUND | 33 |
(a) | the skills and competency with which the Advisor has in the past managed the Trust’s affairs and its subadvisory relationship, the Advisor’s oversight and monitoring of the Subadvisor’s investment performance and compliance programs, such as the Subadvisor’s compliance with fund policies and objectives, review of brokerage matters, including with respect to trade allocation and best execution and the Advisor’s timeliness in responding to performance issues; |
(b) | the background, qualifications and skills of the Advisor’s personnel; |
(c) | the Advisor’s compliance policies and procedures and its responsiveness to regulatory changes and fund industry developments; |
34 | JOHN HANCOCK ALTERNATIVE ASSET ALLOCATION FUND | ANNUAL REPORT |
(d) | the Advisor’s administrative capabilities, including its ability to supervise the other service providers for the fund, as well as the Advisor’s oversight of any securities lending activity, its monitoring of class action litigation and collection of class action settlements on behalf of the fund, and bringing loss recovery actions on behalf of the fund; |
(e) | the financial condition of the Advisor and whether it has the financial wherewithal to provide a high level and quality of services to the fund; |
(f) | the Advisor’s initiatives intended to improve various aspects of the Trust’s operations and investor experience with the fund; and |
(g) | the Advisor’s reputation and experience in serving as an investment advisor to the Trust and the benefit to shareholders of investing in funds that are part of a family of funds offering a variety of investments. |
(a) | reviewed information prepared by management regarding the fund’s performance; |
(b) | considered the comparative performance of an applicable benchmark index; |
(c) | considered the performance of comparable funds, if any, as included in the report prepared by an independent third-party provider of fund data; and |
(d) | took into account the Advisor’s analysis of the fund’s performance and its plans and recommendations regarding the Trust’s subadvisory arrangements generally. |
ANNUAL REPORT | JOHN HANCOCK ALTERNATIVE ASSET ALLOCATION FUND | 35 |
(a) | reviewed financial information of the Advisor; |
(b) | reviewed and considered information presented by the Advisor regarding the net profitability to the Advisor and its affiliates with respect to the fund; |
(c) | received and reviewed profitability information with respect to the John Hancock Fund Complex as a whole and with respect to the fund; |
(d) | received information with respect to the Advisor’s allocation methodologies used in preparing the profitability data and considered that the Advisor hired an independent third-party consultant to provide an analysis of the Advisor’s allocation methodologies; |
(e) | considered that the John Hancock insurance companies that are affiliates of the Advisor, as shareholders of the Trust directly or through their separate accounts, receive certain tax credits or deductions relating to foreign taxes paid and dividends received by certain funds of the Trust and noted that these tax benefits, which are not available to participants in qualified retirement plans under applicable income tax law, are reflected in the profitability information reviewed by the Board; |
(f) | considered that the Advisor also provides administrative services to the fund on a cost basis pursuant to an administrative services agreement; |
(g) | noted that affiliates of the Advisor provide transfer agency services and distribution services to the fund, and that the fund’s distributor also receives Rule 12b-1 payments to support distribution of the fund; |
(h) | noted that the fund’s Subadvisor is an affiliate of the Advisor; |
(i) | noted that the Advisor also derives reputational and other indirect benefits from providing advisory services to the fund; |
36 | JOHN HANCOCK ALTERNATIVE ASSET ALLOCATION FUND | ANNUAL REPORT |
(j) | noted that the subadvisory fees for the fund are paid by the Advisor; |
(k) | with respect to the fund, the Board noted that the advisory fee is in addition to the fees received by the Advisor and its affiliates with regard to the affiliated underlying funds in which the funds may invest; |
(l) | considered the Advisor’s ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the fund industry; and |
(m) | considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it provides to the fund and the risks that it assumes as Advisor, including entrepreneurial, operational, reputational, litigation and regulatory risk. |
(a) | considered that with respect to the John Hancock underlying funds in which the fund invests, the Advisor has contractually agreed to waive a portion of its management fee such funds and for each of the other John Hancock funds in the complex (except as discussed below) with respect to the John Hancock underlying funds in which the fund invests (the participating portfolios) or otherwise reimburse the expenses of the participating portfolios (the reimbursement). This waiver is based upon aggregate net assets of all the participating portfolios. The funds that are not participating portfolios are each of the funds of funds of the Trust and John Hancock Variable Insurance Trust. The funds of funds also benefit from such overall management fee waiver through their investment in underlying funds that include certain of the participating portfolios, which are subject to reimbursement; |
(b) | reviewed the fund’s advisory fee structure and concluded that: (i) the fund’s fee structure contains breakpoints at the subadvisory fee level and that such breakpoints are reflected as breakpoints in the advisory fees for the fund; and (ii) although economies of scale cannot be measured with precision, these arrangements permit shareholders of the fund to benefit from economies of scale if the fund grows. The Board also took into account management’s discussion of the fund’s advisory fee structure; and |
(c) | the Board also considered the effect of the fund’s growth in size on its performance and fees. The Board also noted that if the fund’s assets increase over time, the fund may realize other economies of scale. |
(1) | information relating to the Subadvisor’s business, including current subadvisory services to the Trust (and other funds in the John Hancock Fund Complex); |
(2) | the historical and current performance of the fund and comparative performance information relating to an applicable benchmark index and comparable funds; and |
(3) | the subadvisory fees for the fund and to the extent available, comparable fee information prepared by an independent third party provider of fund data. |
ANNUAL REPORT | JOHN HANCOCK ALTERNATIVE ASSET ALLOCATION FUND | 37 |
38 | JOHN HANCOCK ALTERNATIVE ASSET ALLOCATION FUND | ANNUAL REPORT |
(1) | the Subadvisor has extensive experience and demonstrated skills as a manager; |
(2) | the performance of the fund has generally been in line with or outperformed the historical performance of comparable funds and the fund’s benchmark index; |
(3) | the subadvisory fee is reasonable in relation to the level and quality of services being provided under the Subadvisory Agreement; and |
(4) | noted that the subadvisory fees are paid by the Advisor not the fund. |
ANNUAL REPORT | JOHN HANCOCK ALTERNATIVE ASSET ALLOCATION FUND | 39 |
• | The Fund’s investment strategy remained appropriate for an open-end fund structure; |
• | The Fund was able to meet requests for redemption without significant dilution of remaining investors’ interests in the Fund; |
• | The Fund did not report any breaches of the 15% limit on illiquid investments that would require reporting to the Securities and Exchange Commission; |
• | The Fund continued to qualify as a Primarily Highly Liquid Fund under the Liquidity Rule and therefore is not required to establish a HLIM; and |
• | The Chief Compliance Officer’s office performed audit testing of the LRMP which resulted in an assessment that the LRMP’s control environment was deemed to be operating effectively and in compliance with the Board approved procedures. |
40 | JOHN HANCOCK ALTERNATIVE ASSET ALLOCATION FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK ALTERNATIVE ASSET ALLOCATION FUND | 41 |
Independent Trustees | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Hassell H. McClellan, Born: 1945 | 2005 | 190 |
Trustee and Chairperson of the Board | ||
Director/Trustee, Virtus Funds (2008-2020); Director, The Barnes Group (2010-2021); Associate Professor, The Wallace E. Carroll School of Management, Boston College (retired 2013). Trustee (since 2005) and Chairperson of the Board (since 2017) of various trusts within the John Hancock Fund Complex. | ||
Charles L. Bardelis,2 Born: 1941 | 2005 | 190 |
Trustee | ||
Director, Island Commuter Corp. (marine transport). Trustee of various trusts within the John Hancock Fund Complex (since 1988). | ||
James R. Boyle, Born: 1959 | 2015 | 190 |
Trustee | ||
Chief Executive Officer, Foresters Financial (since 2018); Chairman and Chief Executive Officer, Zillion Group, Inc. (formerly HealthFleet, Inc.) (healthcare) (2014-2018); Executive Vice President and Chief Executive Officer, U.S. Life Insurance Division of Genworth Financial, Inc. (insurance) (January 2014–July 2014); Senior Executive Vice President, Manulife Financial, President and Chief Executive Officer, John Hancock (1999–2012); Chairman and Director, John Hancock Investment Management LLC, John Hancock Investment Management Distributors LLC, and John Hancock Variable Trust Advisers LLC (2005–2010). Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015). | ||
Peter S. Burgess,2 Born: 1942 | 2005 | 190 |
Trustee | ||
Consultant (financial, accounting, and auditing matters) (since 1999); Certified Public Accountant; Partner, Arthur Andersen (independent public accounting firm) (prior to 1999); Director, Lincoln Educational Services Corporation (2004-2021); Director, Symetra Financial Corporation (2010–2016); Director, PMA Capital Corporation (2004–2010). Trustee of various trusts within the John Hancock Fund Complex (since 2005). | ||
William H. Cunningham, Born: 1944 | 2012 | 190 |
Trustee | ||
Professor, University of Texas, Austin, Texas (since 1971); former Chancellor, University of Texas System and former President of the University of Texas, Austin, Texas; Chairman (since 2009) and Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000); former Director, LIN Television (2009–2014). Trustee of various trusts within the John Hancock Fund Complex (since 1986). | ||
Grace K. Fey, Born: 1946 | 2008 | 190 |
Trustee | ||
Chief Executive Officer, Grace Fey Advisors (since 2007); Director and Executive Vice President, Frontier Capital Management Company (1988–2007); Director, Fiduciary Trust (since 2009). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |
42 | JOHN HANCOCK ALTERNATIVE ASSET ALLOCATION FUND | ANNUAL REPORT |
Independent Trustees (continued) | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Deborah C. Jackson, Born: 1952 | 2012 | 190 |
Trustee | ||
President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Amwell Corporation (since 2020); Board of Directors, Massachusetts Women’s Forum (2018-2020); Board of Directors, National Association of Corporate Directors/New England (2015-2020); Board of Directors, Association of Independent Colleges and Universities of Massachusetts (2014-2017); Chief Executive Officer, American Red Cross of Massachusetts Bay (2002–2011); Board of Directors of Eastern Bank Corporation (since 2001); Board of Directors of Eastern Bank Charitable Foundation (since 2001); Board of Directors of American Student Assistance Corporation (1996–2009); Board of Directors of Boston Stock Exchange (2002–2008); Board of Directors of Harvard Pilgrim Healthcare (health benefits company) (2007–2011). Trustee of various trusts within the John Hancock Fund Complex (since 2008). | ||
Steven R. Pruchansky, Born: 1944 | 2012 | 190 |
Trustee and Vice Chairperson of the Board | ||
Managing Director, Pru Realty (since 2017); Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (2014-2020); Director and President, Greenscapes of Southwest Florida, Inc. (until 2000); Member, Board of Advisors, First American Bank (until 2010); Managing Director, Jon James, LLC (real estate) (since 2000); Partner, Right Funding, LLC (2014-2017); Director, First Signature Bank & Trust Company (until 1991); Director, Mast Realty Trust (until 1994); President, Maxwell Building Corp. (until 1991). Trustee (since 1992), Chairperson of the Board (2011–2012), and Vice Chairperson of the Board (since 2012) of various trusts within the John Hancock Fund Complex. | ||
Frances G. Rathke,2,* Born: 1960 | 2020 | 190 |
Trustee | ||
Board Member, Oatly Group AB (plant-based drink company) (since 2021): Director, Northern New England Energy Corporation (since 2017); Director, Audit Committee Chair and Compensation Committee Member, Green Mountain Power Corporation (since 2016); Director, Treasurer and Finance & Audit Committee Chair, Flynn Center for Performing Arts (since 2016); Director, Audit Committee Chair and Compensation Committee Member, Planet Fitness (since 2016); Director, Citizen Cider, Inc. (high-end hard cider and hard seltzer company) (since 2016); Chief Financial Officer and Treasurer, Keurig Green Mountain, Inc. (2003-retired 2015); Independent Financial Consultant, Frances Rathke Consulting (strategic and financial consulting services) (2001-2003); Chief Financial Officer and Secretary, Ben & Jerry’s Homemade, Inc. (1989-2000, including prior positions); Senior Manager, Coopers & Lybrand, LLC (independent public accounting firm) (1982-1989). Trustee of various trusts within the John Hancock Fund Complex (since 2020). | ||
Gregory A. Russo, Born: 1949 | 2012 | 190 |
Trustee | ||
Director and Audit Committee Chairman (2012-2020), and Member, Audit Committee and Finance Committee (2011-2020), NCH Healthcare System, Inc. (holding company for multi-entity healthcare system); Director and Member (2012-2018) and Finance Committee Chairman (2014-2018), The Moorings, Inc. (nonprofit continuing care community); Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); Vice Chairman, Industrial Markets, KPMG (1998–2002); Chairman and Treasurer, Westchester County, New York, Chamber of Commerce (1986–1992); Director, Treasurer, and Chairman of Audit and Finance Committees, Putnam Hospital Center (1989–1995); Director and Chairman of Fundraising Campaign, United Way of Westchester and Putnam Counties, New York (1990–1995). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |
ANNUAL REPORT | JOHN HANCOCK ALTERNATIVE ASSET ALLOCATION FUND | 43 |
Non-Independent Trustees3 | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Andrew G. Arnott, Born: 1971 | 2017 | 190 |
President and Non-Independent Trustee | ||
Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (since 2018); Director and Executive Vice President, John Hancock Investment Management LLC (since 2005, including prior positions); Director and Executive Vice President, John Hancock Variable Trust Advisers LLC (since 2006, including prior positions); President, John Hancock Investment Management Distributors LLC (since 2004, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2017). | ||
Marianne Harrison, Born: 1963 | 2018 | 190 |
Non-Independent Trustee | ||
President and CEO, John Hancock (since 2017); President and CEO, Manulife Canadian Division (2013–2017); Member, Board of Directors, Boston Medical Center (since 2021); Member, Board of Directors, CAE Inc. (since 2019); Member, Board of Directors, MA Competitive Partnership Board (since 2018); Member, Board of Directors, American Council of Life Insurers (ACLI) (since 2018); Member, Board of Directors, Communitech, an industry-led innovation center that fosters technology companies in Canada (2017-2019); Member, Board of Directors, Manulife Assurance Canada (2015-2017); Board Member, St. Mary’s General Hospital Foundation (2014-2017); Member, Board of Directors, Manulife Bank of Canada (2013- 2017); Member, Standing Committee of the Canadian Life & Health Assurance Association (2013-2017); Member, Board of Directors, John Hancock USA, John Hancock Life & Health, John Hancock New York (2012–2013). Trustee of various trusts within the John Hancock Fund Complex (since 2018). |
Principal officers who are not Trustees | |
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years | Current Position(s) with the Trust since |
Charles A. Rizzo, Born: 1957 | 2007 |
Chief Financial Officer | |
Vice President, John Hancock Financial Services (since 2008); Senior Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2008); Chief Financial Officer of various trusts within the John Hancock Fund Complex (since 2007). | |
Salvatore Schiavone, Born: 1965 | 2009 |
Treasurer | |
Assistant Vice President, John Hancock Financial Services (since 2007); Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2007); Treasurer of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). | |
Christopher (Kit) Sechler, Born: 1973 | 2018 |
Secretary and Chief Legal Officer | |
Vice President and Deputy Chief Counsel, John Hancock Investment Management (since 2015); Assistant Vice President and Senior Counsel (2009–2015), John Hancock Investment Management; Assistant Secretary of John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2009); Chief Legal Officer and Secretary of various trusts within the John Hancock Fund Complex (since 2009, including prior positions). |
44 | JOHN HANCOCK ALTERNATIVE ASSET ALLOCATION FUND | ANNUAL REPORT |
Principal officers who are not Trustees (continued) | |
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years | Current Position(s) with the Trust since |
Trevor Swanberg, Born: 1979 | 2020 |
Chief Compliance Officer | |
Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2020); Deputy Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2019–2020); Assistant Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2016–2019); Vice President, State Street Global Advisors (2015–2016); Chief Compliance Officer of various trusts within the John Hancock Fund Complex (since 2016, including prior positions). |
1 | Each Trustee holds office until his or her successor is elected and qualified, or until the Trustee’s death, retirement, resignation, or removal. Mr. Boyle has served as Trustee at various times prior to the date listed in the table. |
2 | Member of the Audit Committee. |
3 | The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates. |
* | Appointed as Independent Trustee effective as of September 15, 2020. |
ANNUAL REPORT | JOHN HANCOCK ALTERNATIVE ASSET ALLOCATION FUND | 45 |
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
Frances G. Rathke*,1
Gregory A. Russo
President
Chief Financial Officer
Treasurer
Secretary and Chief Legal Officer
Chief Compliance Officer
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 |
46 | JOHN HANCOCK ALTERNATIVE ASSET ALLOCATION FUND | ANNUAL REPORT |
GOVERNANCE FUNDS
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
MF1822961 | 345A 8/21 |
President and CEO,
John Hancock Investment Management
Head of Wealth and Asset Management,
United States and Europe
ANNUAL REPORT | JOHN HANCOCK BLUE CHIP GROWTH FUND | 1 |
2 | JOHN HANCOCK BLUE CHIP GROWTH FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK BLUE CHIP GROWTH FUND | 3 |
TOP 10 HOLDINGS AS OF 8/31/2021 (% of net assets) | |
Amazon.com, Inc. | 10.8 |
Facebook, Inc., Class A | 7.9 |
Alphabet, Inc., Class C | 7.9 |
Microsoft Corp. | 6.3 |
Apple, Inc. | 4.9 |
Visa, Inc., Class A | 3.1 |
ServiceNow, Inc. | 2.4 |
PayPal Holdings, Inc. | 2.4 |
Sea, Ltd., ADR | 2.4 |
Snap, Inc., Class A | 2.1 |
TOTAL | 50.2 |
Cash and cash equivalents are not included. |
4 | JOHN HANCOCK BLUE CHIP GROWTH FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK BLUE CHIP GROWTH FUND | 5 |
Average annual total returns (%) with maximum sales charge | Cumulative total returns (%) with maximum sales charge | ||||
1-year | 5-year | 10-year | 5-year | 10-year | |
Class A1 | 16.23 | 22.20 | 18.62 | 172.49 | 451.32 |
Class C1 | 20.46 | 22.55 | 18.66 | 176.46 | 453.50 |
Class 12 | 22.76 | 23.87 | 19.46 | 191.62 | 491.67 |
Class NAV2 | 22.81 | 23.93 | 19.51 | 192.30 | 494.48 |
Index 1† | 31.17 | 18.02 | 16.34 | 128.95 | 354.24 |
Index 2† | 28.53 | 24.35 | 19.45 | 197.34 | 491.35 |
Class A | Class C | Class 1 | Class NAV | |
Gross (%) | 1.20 | 1.90 | 0.83 | 0.78 |
Net (%) | 1.14 | 1.89 | 0.82 | 0.77 |
6 | JOHN HANCOCK BLUE CHIP GROWTH FUND | ANNUAL REPORT |
Start date | With maximum sales charge ($) | Without sales charge ($) | Index 1 ($) | Index 2 ($) | |
Class C1,3 | 8-31-11 | 55,350 | 55,350 | 45,424 | 59,135 |
Class 12 | 8-31-11 | 59,167 | 59,167 | 45,424 | 59,135 |
Class NAV2 | 8-31-11 | 59,448 | 59,448 | 45,424 | 59,135 |
1 | Class A and Class C shares were first offered on 3-27-15. Returns prior to this date are those of Class NAV 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. |
ANNUAL REPORT | JOHN HANCOCK BLUE CHIP GROWTH FUND | 7 |
8 | JOHN HANCOCK BLUE CHIP GROWTH FUND | ANNUAL REPORT |
Account value on 3-1-2021 | Ending value on 8-31-2021 | Expenses paid during period ended 8-31-20211 | Annualized expense ratio | ||
Class A | Actual expenses/actual returns | $1,000.00 | $1,185.60 | $6.28 | 1.14% |
Hypothetical example | 1,000.00 | 1,019.50 | 5.80 | 1.14% | |
Class C | Actual expenses/actual returns | 1,000.00 | 1,181.10 | 10.17 | 1.85% |
Hypothetical example | 1,000.00 | 1,015.90 | 9.40 | 1.85% | |
Class 1 | Actual expenses/actual returns | 1,000.00 | 1,187.50 | 4.36 | 0.79% |
Hypothetical example | 1,000.00 | 1,021.20 | 4.02 | 0.79% | |
Class NAV | Actual expenses/actual returns | 1,000.00 | 1,187.90 | 4.03 | 0.73% |
Hypothetical example | 1,000.00 | 1,021.50 | 3.72 | 0.73% |
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). |
ANNUAL REPORT | JOHN HANCOCK BLUE CHIP GROWTH FUND | 9 |
Shares | Value | ||||
Common stocks 99.8% | $5,591,531,428 | ||||
(Cost $1,930,586,218) | |||||
Communication services 27.3% | 1,527,830,471 | ||||
Entertainment 5.2% | |||||
Netflix, Inc. (A) | 182,273 | 103,747,969 | |||
Roku, Inc. (A) | 23,008 | 8,108,019 | |||
Sea, Ltd., ADR (A) | 392,425 | 132,765,226 | |||
Spotify Technology SA (A) | 75,314 | 17,649,083 | |||
The Walt Disney Company (A) | 157,484 | 28,551,849 | |||
Interactive media and services 21.9% | |||||
Alphabet, Inc., Class A (A) | 34,622 | 100,194,337 | |||
Alphabet, Inc., Class C (A) | 151,698 | 441,325,890 | |||
Facebook, Inc., Class A (A) | 1,165,816 | 442,287,274 | |||
Match Group, Inc. (A) | 116,971 | 16,076,494 | |||
Pinterest, Inc., Class A (A) | 759,890 | 42,227,087 | |||
Snap, Inc., Class A (A) | 1,580,237 | 120,271,838 | |||
Tencent Holdings, Ltd. | 939,000 | 57,995,251 | |||
Vimeo, Inc. (A) | 99,380 | 3,788,366 | |||
Wireless telecommunication services 0.2% | |||||
T-Mobile US, Inc. (A) | 93,722 | 12,841,788 | |||
Consumer discretionary 18.7% | 1,050,169,424 | ||||
Hotels, restaurants and leisure 1.6% | |||||
Booking Holdings, Inc. (A) | 12,232 | 28,129,563 | |||
Chipotle Mexican Grill, Inc. (A) | 24,535 | 46,698,202 | |||
Starbucks Corp. | 130,408 | 15,321,636 | |||
Internet and direct marketing retail 12.4% | |||||
Alibaba Group Holding, Ltd., ADR (A) | 171,249 | 28,596,871 | |||
Amazon.com, Inc. (A) | 175,141 | 607,877,632 | |||
Coupang, Inc. (A)(B) | 324,284 | 9,715,549 | |||
Delivery Hero SE (A)(C) | 43,101 | 6,255,280 | |||
DoorDash, Inc., Class A (A) | 233,633 | 44,717,356 | |||
Multiline retail 0.7% | |||||
Dollar General Corp. | 166,806 | 37,182,725 | |||
Specialty retail 2.3% | |||||
Carvana Company (A) | 238,045 | 78,093,043 | |||
Ross Stores, Inc. | 376,691 | 44,600,214 | |||
The TJX Companies, Inc. | 119,129 | 8,663,061 | |||
Textiles, apparel and luxury goods 1.7% | |||||
Lululemon Athletica, Inc. (A) | 115,661 | 46,284,062 | |||
NIKE, Inc., Class B | 291,576 | 48,034,230 |
10 | JOHN HANCOCK BLUE CHIP GROWTH FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Financials 2.8% | $159,545,602 | ||||
Capital markets 2.3% | |||||
MSCI, Inc. | 11,982 | 7,603,538 | |||
S&P Global, Inc. | 88,328 | 39,201,733 | |||
The Charles Schwab Corp. | 330,824 | 24,100,528 | |||
The Goldman Sachs Group, Inc. | 149,450 | 61,799,070 | |||
Insurance 0.5% | |||||
Chubb, Ltd. | 92,529 | 17,017,934 | |||
Marsh & McLennan Companies, Inc. | 62,486 | 9,822,799 | |||
Health care 10.2% | 568,886,374 | ||||
Biotechnology 0.0% | |||||
Exact Sciences Corp. (A) | 2,100 | 219,198 | |||
Health care equipment and supplies 4.4% | |||||
Align Technology, Inc. (A) | 11,919 | 8,450,571 | |||
Danaher Corp. | 213,871 | 69,328,423 | |||
Dentsply Sirona, Inc. | 223,800 | 13,808,460 | |||
Intuitive Surgical, Inc. (A) | 90,793 | 95,655,873 | |||
Stryker Corp. | 167,671 | 46,461,634 | |||
Teleflex, Inc. | 36,920 | 14,600,383 | |||
Health care providers and services 2.9% | |||||
HCA Healthcare, Inc. | 186,804 | 47,257,676 | |||
Humana, Inc. | 43,672 | 17,705,502 | |||
UnitedHealth Group, Inc. | 229,693 | 95,614,305 | |||
Health care technology 0.4% | |||||
Veeva Systems, Inc., Class A (A) | 58,394 | 19,385,640 | |||
Life sciences tools and services 0.6% | |||||
Thermo Fisher Scientific, Inc. | 61,421 | 34,085,584 | |||
Pharmaceuticals 1.9% | |||||
AstraZeneca PLC, ADR (B) | 214,374 | 12,493,717 | |||
Eli Lilly & Company | 239,868 | 61,955,506 | |||
Zoetis, Inc. | 155,768 | 31,863,902 | |||
Industrials 1.9% | 104,761,176 | ||||
Commercial services and supplies 0.4% | |||||
Cintas Corp. | 13,982 | 5,533,656 | |||
Copart, Inc. (A) | 102,325 | 14,767,544 | |||
Industrial conglomerates 0.8% | |||||
General Electric Company | 177,596 | 18,720,394 | |||
Roper Technologies, Inc. | 54,291 | 26,237,754 | |||
Professional services 0.7% | |||||
CoStar Group, Inc. (A) | 271,314 | 22,991,148 | |||
Equifax, Inc. | 30,619 | 8,336,329 | |||
TransUnion | 67,262 | 8,174,351 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK BLUE CHIP GROWTH FUND | 11 |
Shares | Value | ||||
Information technology 38.6% | $2,161,403,363 | ||||
Electronic equipment, instruments and components 0.2% | |||||
TE Connectivity, Ltd. | 66,054 | 9,922,632 | |||
IT services 12.4% | |||||
Affirm Holdings, Inc. (A) | 246,803 | 23,777,001 | |||
Fidelity National Information Services, Inc. | 116,589 | 14,896,577 | |||
Fiserv, Inc. (A) | 400,677 | 47,195,744 | |||
Global Payments, Inc. | 331,948 | 53,988,023 | |||
Mastercard, Inc., Class A | 308,410 | 106,780,794 | |||
MongoDB, Inc. (A) | 72,808 | 28,528,359 | |||
PayPal Holdings, Inc. (A) | 460,131 | 132,821,414 | |||
Shopify, Inc., Class A (A) | 28,539 | 43,515,696 | |||
Snowflake, Inc., Class A (A) | 32,776 | 9,975,376 | |||
Square, Inc., Class A (A) | 197,736 | 53,007,090 | |||
Twilio, Inc., Class A (A) | 27,600 | 9,852,096 | |||
Visa, Inc., Class A | 749,340 | 171,673,794 | |||
Semiconductors and semiconductor equipment 5.3% | |||||
Advanced Micro Devices, Inc. (A) | 466,358 | 51,635,158 | |||
ASML Holding NV, NYRS | 66,363 | 55,283,034 | |||
Marvell Technology, Inc. | 362,594 | 22,187,127 | |||
Monolithic Power Systems, Inc. | 37,372 | 18,496,524 | |||
NVIDIA Corp. | 436,656 | 97,745,446 | |||
Taiwan Semiconductor Manufacturing Company, Ltd., ADR | 159,335 | 18,962,458 | |||
Texas Instruments, Inc. | 155,980 | 29,778,142 | |||
Software 15.8% | |||||
Atlassian Corp. PLC, Class A (A) | 70,851 | 26,006,568 | |||
Bill.com Holdings, Inc. (A) | 79,631 | 21,849,950 | |||
Coupa Software, Inc. (A) | 61,120 | 14,962,787 | |||
Crowdstrike Holdings, Inc., Class A (A) | 27,313 | 7,674,953 | |||
Datadog, Inc., Class A (A) | 86,700 | 11,947,260 | |||
DocuSign, Inc. (A) | 117,297 | 34,748,063 | |||
Fortinet, Inc. (A) | 109,300 | 34,444,802 | |||
Intuit, Inc. | 209,171 | 118,413,795 | |||
Microsoft Corp. | 1,176,166 | 355,060,992 | |||
Paycom Software, Inc. (A) | 10,126 | 4,950,601 | |||
salesforce.com, Inc. (A) | 72,887 | 19,334,734 | |||
ServiceNow, Inc. (A) | 211,772 | 136,304,930 | |||
Synopsys, Inc. (A) | 164,061 | 54,507,627 | |||
Zoom Video Communications, Inc., Class A (A) | 152,436 | 44,130,222 | |||
Technology hardware, storage and peripherals 4.9% | |||||
Apple, Inc. | 1,824,696 | 277,043,594 |
12 | JOHN HANCOCK BLUE CHIP GROWTH FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Materials 0.3% | $18,935,018 | ||||
Chemicals 0.3% | |||||
Linde PLC | 46,939 | 14,766,540 | |||
The Sherwin-Williams Company | 13,727 | 4,168,478 | |||
Yield (%) | Shares | Value | |||
Short-term investments 0.6% | $30,942,574 | ||||
(Cost $30,942,283) | |||||
Short-term funds 0.6% | 30,942,574 | ||||
John Hancock Collateral Trust (D) | 0.0356(E) | 104,223 | 1,042,968 | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class | 0.0250(E) | 500,011 | 500,011 | ||
T. Rowe Price Government Reserve Fund | 0.0295(E) | 29,399,595 | 29,399,595 |
Total investments (Cost $1,961,528,501) 100.4% | $5,622,474,002 | ||||
Other assets and liabilities, net (0.4%) | (19,877,745) | ||||
Total net assets 100.0% | $5,602,596,257 |
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 |
NYRS | New York Registry Shares |
(A) | Non-income producing security. |
(B) | All or a portion of this security is on loan as of 8-31-21. |
(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. |
(D) | Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |
(E) | The rate shown is the annualized seven-day yield as of 8-31-21. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK BLUE CHIP GROWTH FUND | 13 |
Assets | |
Unaffiliated investments, at value (Cost $1,960,485,824) including $1,140,280 of securities loaned | $5,621,431,034 |
Affiliated investments, at value (Cost $1,042,677) | 1,042,968 |
Total investments, at value (Cost $1,961,528,501) | 5,622,474,002 |
Dividends and interest receivable | 1,796,927 |
Receivable for fund shares sold | 1,027,183 |
Receivable for investments sold | 4,621,788 |
Receivable for securities lending income | 67,015 |
Receivable from affiliates | 579 |
Other assets | 171,448 |
Total assets | 5,630,158,942 |
Liabilities | |
Payable for investments purchased | 2,271,432 |
Payable for fund shares repurchased | 23,248,557 |
Payable upon return of securities loaned | 1,043,800 |
Payable to affiliates | |
Accounting and legal services fees | 211,297 |
Transfer agent fees | 120,493 |
Trustees’ fees | 1,426 |
Other liabilities and accrued expenses | 665,680 |
Total liabilities | 27,562,685 |
Net assets | $5,602,596,257 |
Net assets consist of | |
Paid-in capital | $1,336,955,143 |
Total distributable earnings (loss) | 4,265,641,114 |
Net assets | $5,602,596,257 |
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 ($1,189,934,824 ÷ 18,228,939 shares)1 | $65.28 |
Class C ($102,631,919 ÷ 1,667,065 shares)1 | $61.56 |
Class 1 ($2,620,548,724 ÷ 39,187,664 shares) | $66.87 |
Class NAV ($1,689,480,790 ÷ 25,184,366 shares) | $67.08 |
Maximum offering price per share | |
Class A (net asset value per share ÷ 95%)2 | $68.72 |
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 Blue Chip Growth Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Investment income | |
Dividends | $18,067,827 |
Securities lending | 138,828 |
Interest | 11,954 |
Less foreign taxes withheld | (20,406) |
Total investment income | 18,198,203 |
Expenses | |
Investment management fees | 37,862,378 |
Distribution and service fees | 5,180,098 |
Accounting and legal services fees | 751,839 |
Transfer agent fees | 1,275,791 |
Trustees’ fees | 89,651 |
Custodian fees | 603,296 |
State registration fees | 88,302 |
Printing and postage | 73,869 |
Professional fees | 198,862 |
Other | 144,263 |
Total expenses | 46,268,349 |
Less expense reductions | (1,890,142) |
Net expenses | 44,378,207 |
Net investment loss | (26,180,004) |
Realized and unrealized gain (loss) | |
Net realized gain (loss) on | |
Unaffiliated investments and foreign currency transactions | 764,909,501 |
Affiliated investments | (1,103) |
764,908,398 | |
Change in net unrealized appreciation (depreciation) of | |
Unaffiliated investments | 347,210,959 |
Affiliated investments | 285 |
347,211,244 | |
Net realized and unrealized gain | 1,112,119,642 |
Increase in net assets from operations | $1,085,939,638 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Blue Chip Growth Fund | 15 |
Year ended 8-31-21 | Year ended 8-31-20 | |
Increase (decrease) in net assets | ||
From operations | ||
Net investment loss | $(26,180,004) | $(10,034,396) |
Net realized gain | 764,908,398 | 170,277,652 |
Change in net unrealized appreciation (depreciation) | 347,211,244 | 1,353,590,186 |
Increase in net assets resulting from operations | 1,085,939,638 | 1,513,833,442 |
Distributions to shareholders | ||
From earnings | ||
Class A | (44,997,858) | (9,393,035) |
Class C | (4,621,610) | (1,190,326) |
Class 1 | (106,252,592) | (27,066,770) |
Class NAV | (76,844,497) | (22,236,121) |
Total distributions | (232,716,557) | (59,886,252) |
From fund share transactions | (370,499,190) | (292,263,908) |
Total increase | 482,723,891 | 1,161,683,282 |
Net assets | ||
Beginning of year | 5,119,872,366 | 3,958,189,084 |
End of year | $5,602,596,257 | $5,119,872,366 |
16 | JOHN HANCOCK Blue Chip Growth Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS A SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $55.94 | $40.48 | $42.40 | $38.65 | $32.33 |
Net investment loss1 | (0.45) | (0.23) | (0.12) | (0.16) | (0.09) |
Net realized and unrealized gain (loss) on investments | 12.43 | 16.33 | 0.84 | 9.76 | 8.37 |
Total from investment operations | 11.98 | 16.10 | 0.72 | 9.60 | 8.28 |
Less distributions | |||||
From net realized gain | (2.64) | (0.64) | (2.64) | (5.85) | (1.96) |
Net asset value, end of period | $65.28 | $55.94 | $40.48 | $42.40 | $38.65 |
Total return (%)2,3 | 22.34 | 40.25 | 3.14 | 27.50 | 27.10 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $1,190 | $943 | $579 | $477 | $286 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 1.19 | 1.21 | 1.20 | 1.20 | 1.24 |
Expenses including reductions | 1.14 | 1.14 | 1.14 | 1.14 | 1.14 |
Net investment loss | (0.79) | (0.52) | (0.30) | (0.40) | (0.25) |
Portfolio turnover (%) | 33 | 28 | 38 | 25 | 26 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
3 | Does not reflect the effect of sales charges, if any. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Blue Chip Growth Fund | 17 |
CLASS C SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $53.27 | $38.86 | $41.11 | $37.89 | $31.96 |
Net investment loss1 | (0.81) | (0.53) | (0.39) | (0.43) | (0.34) |
Net realized and unrealized gain (loss) on investments | 11.74 | 15.58 | 0.78 | 9.50 | 8.23 |
Total from investment operations | 10.93 | 15.05 | 0.39 | 9.07 | 7.89 |
Less distributions | |||||
From net realized gain | (2.64) | (0.64) | (2.64) | (5.85) | (1.96) |
Net asset value, end of period | $61.56 | $53.27 | $38.86 | $41.11 | $37.89 |
Total return (%)2,3 | 21.46 | 39.22 | 2.40 | 26.56 | 26.16 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $103 | $100 | $74 | $66 | $36 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 1.89 | 1.91 | 1.90 | 1.90 | 1.94 |
Expenses including reductions | 1.85 | 1.88 | 1.87 | 1.86 | 1.89 |
Net investment loss | (1.50) | (1.26) | (1.03) | (1.12) | (1.00) |
Portfolio turnover (%) | 33 | 28 | 38 | 25 | 26 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
3 | Does not reflect the effect of sales charges, if any. |
18 | JOHN HANCOCK Blue Chip Growth Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS 1 SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $57.05 | $41.13 | $42.89 | $38.92 | $32.46 |
Net investment income (loss)1 | (0.25) | (0.08) | 0.01 | (0.03) | 0.02 |
Net realized and unrealized gain (loss) on investments | 12.71 | 16.64 | 0.87 | 9.85 | 8.41 |
Total from investment operations | 12.46 | 16.56 | 0.88 | 9.82 | 8.43 |
Less distributions | |||||
From net investment income | — | — | — | — | (0.01) |
From net realized gain | (2.64) | (0.64) | (2.64) | (5.85) | (1.96) |
Total distributions | (2.64) | (0.64) | (2.64) | (5.85) | (1.97) |
Net asset value, end of period | $66.87 | $57.05 | $41.13 | $42.89 | $38.92 |
Total return (%)2 | 22.76 | 40.74 | 3.50 | 27.92 | 27.49 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $2,621 | $2,345 | $1,804 | $1,763 | $1,306 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.82 | 0.84 | 0.84 | 0.84 | 0.87 |
Expenses including reductions | 0.79 | 0.80 | 0.81 | 0.80 | 0.83 |
Net investment income (loss) | (0.43) | (0.18) | 0.04 | (0.07) | 0.06 |
Portfolio turnover (%) | 33 | 28 | 38 | 25 | 26 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Blue Chip Growth Fund | 19 |
CLASS NAV SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $57.20 | $41.22 | $42.95 | $38.95 | $32.48 |
Net investment income (loss)1 | (0.22) | (0.06) | 0.04 | (0.01) | 0.04 |
Net realized and unrealized gain (loss) on investments | 12.74 | 16.68 | 0.87 | 9.86 | 8.41 |
Total from investment operations | 12.52 | 16.62 | 0.91 | 9.85 | 8.45 |
Less distributions | |||||
From net investment income | — | — | — | — | (0.02) |
From net realized gain | (2.64) | (0.64) | (2.64) | (5.85) | (1.96) |
Total distributions | (2.64) | (0.64) | (2.64) | (5.85) | (1.98) |
Net asset value, end of period | $67.08 | $57.20 | $41.22 | $42.95 | $38.95 |
Total return (%)2 | 22.81 | 40.80 | 3.57 | 27.98 | 27.54 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $1,689 | $1,732 | $1,501 | $882 | $995 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.77 | 0.79 | 0.79 | 0.79 | 0.82 |
Expenses including reductions | 0.74 | 0.75 | 0.76 | 0.75 | 0.78 |
Net investment income (loss) | (0.38) | (0.14) | 0.09 | (0.02) | 0.11 |
Portfolio turnover (%) | 33 | 28 | 38 | 25 | 26 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
20 | JOHN HANCOCK Blue Chip Growth Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
ANNUAL REPORT | JOHN HANCOCK Blue Chip Growth Fund | 21 |
Total value at 8-31-21 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
Common stocks | ||||
Communication services | $1,527,830,471 | $1,469,835,220 | $57,995,251 | — |
Consumer discretionary | 1,050,169,424 | 1,043,914,144 | 6,255,280 | — |
Financials | 159,545,602 | 159,545,602 | — | — |
Health care | 568,886,374 | 568,886,374 | — | — |
Industrials | 104,761,176 | 104,761,176 | — | — |
Information technology | 2,161,403,363 | 2,161,403,363 | — | — |
Materials | 18,935,018 | 18,935,018 | — | — |
Short-term investments | 30,942,574 | 30,942,574 | — | — |
Total investments in securities | $5,622,474,002 | $5,558,223,471 | $64,250,531 | — |
22 | JOHN HANCOCK Blue Chip Growth Fund | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK Blue Chip Growth Fund | 23 |
August 31, 2021 | August 31, 2020 | |
Long-term capital gains | $232,716,557 | $59,886,252 |
24 | JOHN HANCOCK Blue Chip Growth Fund | ANNUAL REPORT |
Class | Expense reduction |
Class A | $468,523 |
Class C | 32,692 |
Class 1 | 813,186 |
Class | Expense reduction |
Class NAV | $575,741 |
Total | $1,890,142 |
ANNUAL REPORT | JOHN HANCOCK Blue Chip Growth Fund | 25 |
Class | Rule 12b-1 Fee |
Class A | 0.30% |
Class C | 1.00% |
Class 1 | 0.05% |
Class | Distribution and service fees | Transfer agent fees |
Class A | $3,038,011 | $1,165,832 |
Class C | 955,149 | 109,959 |
Class 1 | 1,186,938 | — |
Total | $5,180,098 | $1,275,791 |
26 | JOHN HANCOCK Blue Chip Growth Fund | ANNUAL REPORT |
Borrower or Lender | Weighted Average Loan Balance | Days Outstanding | Weighted Average Interest Rate | Interest Income (Expense) |
Lender | $ 19,766,667 | 3 | 0.664% | $1,093 |
Year Ended 8-31-21 | Year Ended 8-31-20 | |||
Shares | Amount | Shares | Amount | |
Class A shares | ||||
Sold | 3,801,438 | $216,126,746 | 5,406,415 | $233,260,930 |
Distributions reinvested | 823,022 | 44,978,176 | 219,942 | 9,389,338 |
Repurchased | (3,246,136) | (183,808,918) | (3,085,843) | (131,980,801) |
Net increase | 1,378,324 | $77,296,004 | 2,540,514 | $110,669,467 |
Class C shares | ||||
Sold | 154,825 | $8,336,053 | 429,242 | $17,537,714 |
Distributions reinvested | 88,999 | 4,610,139 | 29,033 | 1,186,280 |
Repurchased | (449,648) | (24,158,307) | (499,089) | (20,538,772) |
Net decrease | (205,824) | $(11,212,115) | (40,814) | $(1,814,778) |
Class 1 shares | ||||
Sold | 1,148,589 | $66,909,656 | 1,969,579 | $87,760,780 |
Distributions reinvested | 1,902,804 | 106,252,592 | 623,227 | 27,066,770 |
Repurchased | (4,976,073) | (289,586,756) | (5,328,129) | (228,510,315) |
Net decrease | (1,924,680) | $(116,424,508) | (2,735,323) | $(113,682,765) |
Class NAV shares | ||||
Sold | 1,191,699 | $69,595,672 | 2,292,598 | $102,403,120 |
Distributions reinvested | 1,372,223 | 76,844,497 | 510,823 | 22,236,121 |
Repurchased | (7,660,785) | (466,598,740) | (8,939,995) | (412,075,073) |
Net decrease | (5,096,863) | $(320,158,571) | (6,136,574) | $(287,435,832) |
Total net decrease | (5,849,043) | $(370,499,190) | (6,372,197) | $(292,263,908) |
ANNUAL REPORT | JOHN HANCOCK Blue Chip Growth Fund | 27 |
Portfolio | Affiliated Concentration |
John Hancock Funds II Multimanager Lifestyle Growth Portfolio | 10.9% |
John Hancock Funds II Multimanager Lifestyle Balanced Portfolio | 6.8% |
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* | 104,223 | $216,363 | $188,177,194 | $(187,349,771) | $(1,103) | $285 | $138,828 | — | $1,042,968 |
* | Refer to the Securities lending note within Note 2 for details regarding this investment. |
28 | JOHN HANCOCK Blue Chip Growth Fund | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK Blue Chip Growth Fund | 29 |
30 | JOHN HANCOCK BLUE CHIP GROWTH FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK BLUE CHIP GROWTH FUND | 31 |
(a) | the skills and competency with which the Advisor has in the past managed the Trust’s affairs and its subadvisory relationship, the Advisor’s oversight and monitoring of the Subadvisor’s investment performance and compliance programs, such as the Subadvisor’s compliance with fund policies and objectives, review of brokerage matters, including with respect to trade allocation and best execution and the Advisor’s timeliness in responding to performance issues; |
(b) | the background, qualifications and skills of the Advisor’s personnel; |
(c) | the Advisor’s compliance policies and procedures and its responsiveness to regulatory changes and fund industry developments; |
32 | JOHN HANCOCK BLUE CHIP GROWTH FUND | ANNUAL REPORT |
(d) | the Advisor’s administrative capabilities, including its ability to supervise the other service providers for the fund, as well as the Advisor’s oversight of any securities lending activity, its monitoring of class action litigation and collection of class action settlements on behalf of the fund, and bringing loss recovery actions on behalf of the fund; |
(e) | the financial condition of the Advisor and whether it has the financial wherewithal to provide a high level and quality of services to the fund; |
(f) | the Advisor’s initiatives intended to improve various aspects of the Trust’s operations and investor experience with the fund; and |
(g) | the Advisor’s reputation and experience in serving as an investment advisor to the Trust and the benefit to shareholders of investing in funds that are part of a family of funds offering a variety of investments. |
(a) | reviewed information prepared by management regarding the fund’s performance; |
(b) | considered the comparative performance of an applicable benchmark index; |
(c) | considered the performance of comparable funds, if any, as included in the report prepared by an independent third-party provider of fund data; and |
(d) | took into account the Advisor’s analysis of the fund’s performance and its plans and recommendations regarding the Trust’s subadvisory arrangements generally. |
ANNUAL REPORT | JOHN HANCOCK BLUE CHIP GROWTH FUND | 33 |
(a) | reviewed financial information of the Advisor; |
(b) | reviewed and considered information presented by the Advisor regarding the net profitability to the Advisor and its affiliates with respect to the fund; |
(c) | received and reviewed profitability information with respect to the John Hancock Fund Complex as a whole and with respect to the fund; |
(d) | received information with respect to the Advisor’s allocation methodologies used in preparing the profitability data and considered that the Advisor hired an independent third-party consultant to provide an analysis of the Advisor’s allocation methodologies; |
(e) | considered that the John Hancock insurance companies that are affiliates of the Advisor, as shareholders of the Trust directly or through their separate accounts, receive certain tax credits or deductions relating to foreign taxes paid and dividends received by certain funds of the Trust and noted that these tax benefits, which are not available to participants in qualified retirement plans under applicable income tax law, are reflected in the profitability information reviewed by the Board; |
(f) | considered that the Advisor also provides administrative services to the fund on a cost basis pursuant to an administrative services agreement; |
(g) | noted that affiliates of the Advisor provide transfer agency services and distribution services to the fund, and that the fund’s distributor also receives Rule 12b-1 payments to support distribution of the fund; |
(h) | noted that the Advisor also derives reputational and other indirect benefits from providing advisory services to the fund; |
(i) | noted that the subadvisory fee for the fund is paid by the Advisor and is negotiated at arm’s length; |
(j) | considered the Advisor’s ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the fund industry; and |
34 | JOHN HANCOCK BLUE CHIP GROWTH FUND | ANNUAL REPORT |
(k) | considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it provides to the fund and the risks that it assumes as Advisor, including entrepreneurial, operational, reputational, litigation and regulatory risk. |
(a) | considered that the Advisor has contractually agreed to waive a portion of its management fee for certain funds of the John Hancock Fund Complex, including the fund (the participating portfolios) or otherwise reimburse the expenses of the participating portfolios (the reimbursement). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund; |
(b) | reviewed the fund’s advisory fee structure and concluded that: (i) the fund’s fee structure contains breakpoints at the subadvisory fee level and that such breakpoints are reflected as breakpoints in the advisory fees for the fund; and (ii) although economies of scale cannot be measured with precision, these arrangements permit shareholders of the fund to benefit from economies of scale if the fund grows. The Board also took into account management’s discussion of the fund’s advisory fee structure; and |
(c) | the Board also considered the effect of the fund’s growth in size on its performance and fees. The Board also noted that if the fund’s assets increase over time, the fund may realize other economies of scale. |
(1) | information relating to the Subadvisor’s business, including current subadvisory services to the Trust (and other funds in the John Hancock Fund Complex); |
(2) | the historical and current performance of the fund and comparative performance information relating to an applicable benchmark index and comparable funds; |
(3) | the subadvisory fee for the fund, including any breakpoints, and to the extent available, comparable fee information prepared by an independent third party provider of fund data; and |
(4) | information relating to the nature and scope of any material relationships and their significance to the Trust’s Advisor and Subadvisor. |
ANNUAL REPORT | JOHN HANCOCK BLUE CHIP GROWTH FUND | 35 |
(1) | the Subadvisor has extensive experience and demonstrated skills as a manager; |
36 | JOHN HANCOCK BLUE CHIP GROWTH FUND | ANNUAL REPORT |
(2) | the performance of the fund has generally been in line with or outperformed the historical performance of comparable funds and the fund’s benchmark index; |
(3) | the subadvisory fee is reasonable in relation to the level and quality of services being provided under the Subadvisory Agreement; and |
(4) | noted that the subadvisory fees are paid by the Advisor not the fund and that the subadvisory fee breakpoints are reflected as breakpoints in the advisory fees for the fund in order to permit shareholders to benefit from economies of scale if the fund grows. |
ANNUAL REPORT | JOHN HANCOCK BLUE CHIP GROWTH FUND | 37 |
• | The Fund’s investment strategy remained appropriate for an open-end fund structure; |
• | The Fund was able to meet requests for redemption without significant dilution of remaining investors’ interests in the Fund; |
• | The Fund did not report any breaches of the 15% limit on illiquid investments that would require reporting to the Securities and Exchange Commission; |
• | The Fund continued to qualify as a Primarily Highly Liquid Fund under the Liquidity Rule and therefore is not required to establish a HLIM; and |
• | The Chief Compliance Officer’s office performed audit testing of the LRMP which resulted in an assessment that the LRMP’s control environment was deemed to be operating effectively and in compliance with the Board approved procedures. |
38 | JOHN HANCOCK BLUE CHIP GROWTH FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK BLUE CHIP GROWTH FUND | 39 |
Independent Trustees | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Hassell H. McClellan, Born: 1945 | 2005 | 190 |
Trustee and Chairperson of the Board | ||
Director/Trustee, Virtus Funds (2008-2020); Director, The Barnes Group (2010-2021); Associate Professor, The Wallace E. Carroll School of Management, Boston College (retired 2013). Trustee (since 2005) and Chairperson of the Board (since 2017) of various trusts within the John Hancock Fund Complex. | ||
Charles L. Bardelis,2 Born: 1941 | 2005 | 190 |
Trustee | ||
Director, Island Commuter Corp. (marine transport). Trustee of various trusts within the John Hancock Fund Complex (since 1988). | ||
James R. Boyle, Born: 1959 | 2015 | 190 |
Trustee | ||
Chief Executive Officer, Foresters Financial (since 2018); Chairman and Chief Executive Officer, Zillion Group, Inc. (formerly HealthFleet, Inc.) (healthcare) (2014-2018); Executive Vice President and Chief Executive Officer, U.S. Life Insurance Division of Genworth Financial, Inc. (insurance) (January 2014–July 2014); Senior Executive Vice President, Manulife Financial, President and Chief Executive Officer, John Hancock (1999–2012); Chairman and Director, John Hancock Investment Management LLC, John Hancock Investment Management Distributors LLC, and John Hancock Variable Trust Advisers LLC (2005–2010). Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015). | ||
Peter S. Burgess,2 Born: 1942 | 2005 | 190 |
Trustee | ||
Consultant (financial, accounting, and auditing matters) (since 1999); Certified Public Accountant; Partner, Arthur Andersen (independent public accounting firm) (prior to 1999); Director, Lincoln Educational Services Corporation (2004-2021); Director, Symetra Financial Corporation (2010–2016); Director, PMA Capital Corporation (2004–2010). Trustee of various trusts within the John Hancock Fund Complex (since 2005). | ||
William H. Cunningham, Born: 1944 | 2012 | 190 |
Trustee | ||
Professor, University of Texas, Austin, Texas (since 1971); former Chancellor, University of Texas System and former President of the University of Texas, Austin, Texas; Chairman (since 2009) and Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000); former Director, LIN Television (2009–2014). Trustee of various trusts within the John Hancock Fund Complex (since 1986). | ||
Grace K. Fey, Born: 1946 | 2008 | 190 |
Trustee | ||
Chief Executive Officer, Grace Fey Advisors (since 2007); Director and Executive Vice President, Frontier Capital Management Company (1988–2007); Director, Fiduciary Trust (since 2009). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |
40 | JOHN HANCOCK BLUE CHIP GROWTH FUND | ANNUAL REPORT |
Independent Trustees (continued) | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Deborah C. Jackson, Born: 1952 | 2012 | 190 |
Trustee | ||
President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Amwell Corporation (since 2020); Board of Directors, Massachusetts Women’s Forum (2018-2020); Board of Directors, National Association of Corporate Directors/New England (2015-2020); Board of Directors, Association of Independent Colleges and Universities of Massachusetts (2014-2017); Chief Executive Officer, American Red Cross of Massachusetts Bay (2002–2011); Board of Directors of Eastern Bank Corporation (since 2001); Board of Directors of Eastern Bank Charitable Foundation (since 2001); Board of Directors of American Student Assistance Corporation (1996–2009); Board of Directors of Boston Stock Exchange (2002–2008); Board of Directors of Harvard Pilgrim Healthcare (health benefits company) (2007–2011). Trustee of various trusts within the John Hancock Fund Complex (since 2008). | ||
Steven R. Pruchansky, Born: 1944 | 2012 | 190 |
Trustee and Vice Chairperson of the Board | ||
Managing Director, Pru Realty (since 2017); Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (2014-2020); Director and President, Greenscapes of Southwest Florida, Inc. (until 2000); Member, Board of Advisors, First American Bank (until 2010); Managing Director, Jon James, LLC (real estate) (since 2000); Partner, Right Funding, LLC (2014-2017); Director, First Signature Bank & Trust Company (until 1991); Director, Mast Realty Trust (until 1994); President, Maxwell Building Corp. (until 1991). Trustee (since 1992), Chairperson of the Board (2011–2012), and Vice Chairperson of the Board (since 2012) of various trusts within the John Hancock Fund Complex. | ||
Frances G. Rathke,2,* Born: 1960 | 2020 | 190 |
Trustee | ||
Board Member, Oatly Group AB (plant-based drink company) (since 2021): Director, Northern New England Energy Corporation (since 2017); Director, Audit Committee Chair and Compensation Committee Member, Green Mountain Power Corporation (since 2016); Director, Treasurer and Finance & Audit Committee Chair, Flynn Center for Performing Arts (since 2016); Director, Audit Committee Chair and Compensation Committee Member, Planet Fitness (since 2016); Director, Citizen Cider, Inc. (high-end hard cider and hard seltzer company) (since 2016); Chief Financial Officer and Treasurer, Keurig Green Mountain, Inc. (2003-retired 2015); Independent Financial Consultant, Frances Rathke Consulting (strategic and financial consulting services) (2001-2003); Chief Financial Officer and Secretary, Ben & Jerry’s Homemade, Inc. (1989-2000, including prior positions); Senior Manager, Coopers & Lybrand, LLC (independent public accounting firm) (1982-1989). Trustee of various trusts within the John Hancock Fund Complex (since 2020). | ||
Gregory A. Russo, Born: 1949 | 2012 | 190 |
Trustee | ||
Director and Audit Committee Chairman (2012-2020), and Member, Audit Committee and Finance Committee (2011-2020), NCH Healthcare System, Inc. (holding company for multi-entity healthcare system); Director and Member (2012-2018) and Finance Committee Chairman (2014-2018), The Moorings, Inc. (nonprofit continuing care community); Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); Vice Chairman, Industrial Markets, KPMG (1998–2002); Chairman and Treasurer, Westchester County, New York, Chamber of Commerce (1986–1992); Director, Treasurer, and Chairman of Audit and Finance Committees, Putnam Hospital Center (1989–1995); Director and Chairman of Fundraising Campaign, United Way of Westchester and Putnam Counties, New York (1990–1995). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |
ANNUAL REPORT | JOHN HANCOCK BLUE CHIP GROWTH FUND | 41 |
Non-Independent Trustees3 | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Andrew G. Arnott, Born: 1971 | 2017 | 190 |
President and Non-Independent Trustee | ||
Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (since 2018); Director and Executive Vice President, John Hancock Investment Management LLC (since 2005, including prior positions); Director and Executive Vice President, John Hancock Variable Trust Advisers LLC (since 2006, including prior positions); President, John Hancock Investment Management Distributors LLC (since 2004, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2017). | ||
Marianne Harrison, Born: 1963 | 2018 | 190 |
Non-Independent Trustee | ||
President and CEO, John Hancock (since 2017); President and CEO, Manulife Canadian Division (2013–2017); Member, Board of Directors, Boston Medical Center (since 2021); Member, Board of Directors, CAE Inc. (since 2019); Member, Board of Directors, MA Competitive Partnership Board (since 2018); Member, Board of Directors, American Council of Life Insurers (ACLI) (since 2018); Member, Board of Directors, Communitech, an industry-led innovation center that fosters technology companies in Canada (2017-2019); Member, Board of Directors, Manulife Assurance Canada (2015-2017); Board Member, St. Mary’s General Hospital Foundation (2014-2017); Member, Board of Directors, Manulife Bank of Canada (2013- 2017); Member, Standing Committee of the Canadian Life & Health Assurance Association (2013-2017); Member, Board of Directors, John Hancock USA, John Hancock Life & Health, John Hancock New York (2012–2013). Trustee of various trusts within the John Hancock Fund Complex (since 2018). |
Principal officers who are not Trustees | |
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years | Current Position(s) with the Trust since |
Charles A. Rizzo, Born: 1957 | 2007 |
Chief Financial Officer | |
Vice President, John Hancock Financial Services (since 2008); Senior Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2008); Chief Financial Officer of various trusts within the John Hancock Fund Complex (since 2007). | |
Salvatore Schiavone, Born: 1965 | 2009 |
Treasurer | |
Assistant Vice President, John Hancock Financial Services (since 2007); Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2007); Treasurer of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). | |
Christopher (Kit) Sechler, Born: 1973 | 2018 |
Secretary and Chief Legal Officer | |
Vice President and Deputy Chief Counsel, John Hancock Investment Management (since 2015); Assistant Vice President and Senior Counsel (2009–2015), John Hancock Investment Management; Assistant Secretary of John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2009); Chief Legal Officer and Secretary of various trusts within the John Hancock Fund Complex (since 2009, including prior positions). |
42 | JOHN HANCOCK BLUE CHIP GROWTH FUND | ANNUAL REPORT |
Principal officers who are not Trustees (continued) | |
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years | Current Position(s) with the Trust since |
Trevor Swanberg, Born: 1979 | 2020 |
Chief Compliance Officer | |
Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2020); Deputy Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2019–2020); Assistant Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2016–2019); Vice President, State Street Global Advisors (2015–2016); Chief Compliance Officer of various trusts within the John Hancock Fund Complex (since 2016, including prior positions). |
1 | Each Trustee holds office until his or her successor is elected and qualified, or until the Trustee’s death, retirement, resignation, or removal. Mr. Boyle has served as Trustee at various times prior to the date listed in the table. |
2 | Member of the Audit Committee. |
3 | The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates. |
* | Appointed as Independent Trustee effective as of September 15, 2020. |
ANNUAL REPORT | JOHN HANCOCK BLUE CHIP GROWTH 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
Frances G. Rathke*,1
Gregory A. Russo
President
Chief Financial Officer
Treasurer
Secretary and Chief Legal Officer
Chief Compliance Officer
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 BLUE CHIP GROWTH FUND | ANNUAL REPORT |
GOVERNANCE FUNDS
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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
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MF1822965 | 457A 8/21 |
President and CEO,
John Hancock Investment Management
Head of Wealth and Asset Management,
United States and Europe
ANNUAL REPORT | JOHN HANCOCK EQUITY INCOME FUND | 1 |
2 | JOHN HANCOCK EQUITY INCOME FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK EQUITY INCOME FUND | 3 |
TOP 10 HOLDINGS AS OF 8/31/2021 (% of net assets) | |
Wells Fargo & Company | 3.8 |
General Electric Company | 2.8 |
QUALCOMM, Inc. | 2.5 |
The Southern Company | 2.5 |
United Parcel Service, Inc., Class B | 2.4 |
American International Group, Inc. | 2.4 |
TotalEnergies SE, ADR | 2.1 |
MetLife, Inc. | 2.0 |
Chubb, Ltd. | 2.0 |
Anthem, Inc. | 1.9 |
TOTAL | 24.4 |
Cash and cash equivalents are not included. |
COUNTRY COMPOSITION AS OF 8/31/2021 (% of net assets) | |
United States | 89.7 |
France | 2.9 |
Switzerland | 2.3 |
Germany | 1.7 |
Ireland | 1.6 |
Other countries | 1.8 |
TOTAL | 100.0 |
4 | JOHN HANCOCK EQUITY INCOME FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK EQUITY INCOME FUND | 5 |
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 | 5-year | 10-year | as of 8-31-21 | as of 8-31-21 | ||
Class A1 | 32.49 | 10.15 | 10.96 | 62.12 | 182.92 | 1.11 | 1.08 | |
Class C1 | 37.50 | 10.49 | 11.02 | 64.68 | 184.34 | 0.48 | 0.45 | |
Class 12 | 39.95 | 11.68 | 11.75 | 73.70 | 203.85 | 1.52 | 1.49 | |
Class NAV2 | 40.01 | 11.74 | 11.81 | 74.17 | 205.41 | 1.57 | 1.54 | |
Index 1†† | 36.44 | 11.68 | 13.03 | 73.73 | 240.22 | — | — | |
Index 2†† | 31.17 | 18.02 | 16.34 | 128.95 | 354.24 | — | — |
Class A | Class C | Class 1 | Class NAV | |
Gross (%) | 1.16 | 1.86 | 0.78 | 0.73 |
Net (%) | 1.14 | 1.85 | 0.77 | 0.72 |
6 | JOHN HANCOCK EQUITY INCOME FUND | ANNUAL REPORT |
Start date | With maximum sales charge ($) | Without sales charge ($) | Index 1 ($) | Index 2 ($) | |
Class C1,3 | 8-31-11 | 28,434 | 28,434 | 34,022 | 45,424 |
Class 12 | 8-31-11 | 30,385 | 30,385 | 34,022 | 45,424 |
Class NAV2 | 8-31-11 | 30,541 | 30,541 | 34,022 | 45,424 |
1 | Class A and Class C shares were first offered on 3-27-15. Returns prior to this date are those of Class NAV 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. |
ANNUAL REPORT | JOHN HANCOCK EQUITY INCOME FUND | 7 |
8 | JOHN HANCOCK EQUITY INCOME FUND | ANNUAL REPORT |
Account value on 3-1-2021 | Ending value on 8-31-2021 | Expenses paid during period ended 8-31-20211 | Annualized expense ratio | ||
Class A | Actual expenses/actual returns | $1,000.00 | $1,131.70 | $5.96 | 1.11% |
Hypothetical example | 1,000.00 | 1,019.60 | 5.65 | 1.11% | |
Class C | Actual expenses/actual returns | 1,000.00 | 1,127.50 | 9.65 | 1.80% |
Hypothetical example | 1,000.00 | 1,016.10 | 9.15 | 1.80% | |
Class 1 | Actual expenses/actual returns | 1,000.00 | 1,133.00 | 3.98 | 0.74% |
Hypothetical example | 1,000.00 | 1,021.50 | 3.77 | 0.74% | |
Class NAV | Actual expenses/actual returns | 1,000.00 | 1,133.50 | 3.71 | 0.69% |
Hypothetical example | 1,000.00 | 1,021.70 | 3.52 | 0.69% |
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). |
ANNUAL REPORT | JOHN HANCOCK EQUITY INCOME FUND | 9 |
Shares | Value | ||||
Common stocks 96.9% | $2,183,037,601 | ||||
(Cost $1,458,671,206) | |||||
Communication services 4.8% | 107,687,466 | ||||
Diversified telecommunication services 0.5% | |||||
AT&T, Inc. | 253,990 | 6,964,406 | |||
Verizon Communications, Inc. | 71,722 | 3,944,710 | |||
Entertainment 0.9% | |||||
The Walt Disney Company (A) | 108,797 | 19,724,896 | |||
Media 3.4% | |||||
Comcast Corp., Class A | 634,998 | 38,531,679 | |||
Fox Corp., Class B | 424,797 | 14,710,720 | |||
News Corp., Class A | 1,059,682 | 23,811,055 | |||
Consumer discretionary 4.0% | 91,238,533 | ||||
Automobiles 1.1% | |||||
Volkswagen AG, ADR (B) | 1,044,451 | 24,732,600 | |||
Hotels, restaurants and leisure 0.9% | |||||
Las Vegas Sands Corp. (A) | 390,883 | 17,437,291 | |||
McDonald’s Corp. | 11,790 | 2,799,653 | |||
Leisure products 0.6% | |||||
Mattel, Inc. (A)(B) | 696,017 | 14,859,963 | |||
Multiline retail 0.8% | |||||
Kohl’s Corp. | 298,630 | 17,141,362 | |||
Specialty retail 0.6% | |||||
The TJX Companies, Inc. | 196,200 | 14,267,664 | |||
Consumer staples 6.9% | 154,444,803 | ||||
Beverages 0.6% | |||||
The Coca-Cola Company | 222,374 | 12,521,880 | |||
Food and staples retailing 0.4% | |||||
Walmart, Inc. | 60,047 | 8,892,961 | |||
Food products 3.0% | |||||
Bunge, Ltd. | 48,690 | 3,686,320 | |||
Conagra Brands, Inc. | 720,300 | 23,856,336 | |||
Mondelez International, Inc., Class A | 17,026 | 1,056,804 | |||
Tyson Foods, Inc., Class A | 503,063 | 39,500,507 | |||
Household products 1.3% | |||||
Kimberly-Clark Corp. | 211,954 | 29,209,381 | |||
Tobacco 1.6% | |||||
Altria Group, Inc. | 156,481 | 7,860,041 | |||
Philip Morris International, Inc. | 270,491 | 27,860,573 |
10 | JOHN HANCOCK EQUITY INCOME FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Energy 5.2% | $117,093,603 | ||||
Energy equipment and services 0.3% | |||||
Halliburton Company | 302,805 | 6,050,044 | |||
Oil, gas and consumable fuels 4.9% | |||||
Chevron Corp. | 39,582 | 3,830,350 | |||
EOG Resources, Inc. | 304,016 | 20,527,160 | |||
Exxon Mobil Corp. | 305,697 | 16,666,600 | |||
Hess Corp. | 21,052 | 1,447,325 | |||
Occidental Petroleum Corp. | 142,163 | 3,652,167 | |||
Targa Resources Corp. | 78,803 | 3,461,028 | |||
TC Energy Corp. | 301,255 | 14,303,587 | |||
TotalEnergies SE, ADR | 1,064,695 | 47,155,342 | |||
Financials 23.3% | 526,290,203 | ||||
Banks 8.6% | |||||
Bank of America Corp. | 285,081 | 11,902,132 | |||
Citizens Financial Group, Inc. | 207,800 | 9,099,562 | |||
Fifth Third Bancorp | 917,447 | 35,651,990 | |||
Huntington Bancshares, Inc. | 1,349,100 | 20,951,523 | |||
JPMorgan Chase & Co. | 109,950 | 17,586,503 | |||
The PNC Financial Services Group, Inc. | 70,124 | 13,400,696 | |||
Wells Fargo & Company | 1,858,526 | 84,934,634 | |||
Capital markets 5.1% | |||||
Franklin Resources, Inc. | 144,049 | 4,672,950 | |||
Morgan Stanley | 318,025 | 33,211,351 | |||
Raymond James Financial, Inc. | 99,695 | 13,947,331 | |||
State Street Corp. | 137,635 | 12,787,668 | |||
The Bank of New York Mellon Corp. | 263,607 | 14,556,379 | |||
The Charles Schwab Corp. | 156,620 | 11,409,767 | |||
The Goldman Sachs Group, Inc. | 60,632 | 25,071,938 | |||
Diversified financial services 1.1% | |||||
Equitable Holdings, Inc. | 812,855 | 25,206,634 | |||
Insurance 8.5% | |||||
American International Group, Inc. | 974,624 | 53,175,485 | |||
Chubb, Ltd. | 245,146 | 45,087,252 | |||
Loews Corp. | 628,540 | 35,116,530 | |||
Marsh & McLennan Companies, Inc. | 39,872 | 6,267,878 | |||
MetLife, Inc. | 734,138 | 45,516,556 | |||
The Hartford Financial Services Group, Inc. | 100,200 | 6,735,444 | |||
Health care 15.4% | 346,839,971 | ||||
Biotechnology 2.4% | |||||
AbbVie, Inc. | 315,092 | 38,056,812 | |||
Biogen, Inc. (A) | 22,112 | 7,493,978 | |||
Gilead Sciences, Inc. | 115,636 | 8,415,988 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EQUITY INCOME FUND | 11 |
Shares | Value | ||||
Health care (continued) | |||||
Health care equipment and supplies 3.8% | |||||
Becton, Dickinson and Company | 141,334 | $35,573,768 | |||
Medtronic PLC | 270,594 | 36,118,887 | |||
Zimmer Biomet Holdings, Inc. | 95,877 | 14,424,695 | |||
Health care providers and services 5.1% | |||||
Anthem, Inc. | 115,250 | 43,233,733 | |||
Cardinal Health, Inc. | 148,100 | 7,773,769 | |||
Centene Corp. (A) | 123,500 | 7,778,030 | |||
Cigna Corp. | 85,179 | 18,028,135 | |||
CVS Health Corp. | 330,993 | 28,594,485 | |||
UnitedHealth Group, Inc. | 22,400 | 9,324,448 | |||
Pharmaceuticals 4.1% | |||||
AstraZeneca PLC, ADR | 98,900 | 5,763,892 | |||
GlaxoSmithKline PLC | 148,723 | 2,991,653 | |||
Johnson & Johnson | 163,279 | 28,268,493 | |||
Merck & Company, Inc. | 197,500 | 15,067,275 | |||
Organon & Company | 9,740 | 330,089 | |||
Pfizer, Inc. | 492,503 | 22,689,613 | |||
Sanofi, ADR | 326,617 | 16,912,228 | |||
Industrials 11.3% | 253,867,211 | ||||
Aerospace and defense 2.6% | |||||
L3Harris Technologies, Inc. | 155,182 | 36,158,958 | |||
The Boeing Company (A) | 102,714 | 22,545,723 | |||
Air freight and logistics 2.4% | |||||
United Parcel Service, Inc., Class B | 274,125 | 53,627,074 | |||
Airlines 0.3% | |||||
Southwest Airlines Company (A) | 138,800 | 6,909,464 | |||
Commercial services and supplies 0.7% | |||||
Stericycle, Inc. (A) | 216,672 | 15,080,371 | |||
Industrial conglomerates 3.6% | |||||
3M Company | 24,700 | 4,810,078 | |||
General Electric Company | 600,074 | 63,253,800 | |||
Siemens AG, ADR | 148,547 | 12,293,750 | |||
Machinery 1.1% | |||||
Caterpillar, Inc. | 5,255 | 1,108,122 | |||
Flowserve Corp. | 60,485 | 2,351,052 | |||
PACCAR, Inc. | 113,105 | 9,259,906 | |||
Snap-on, Inc. | 53,511 | 12,037,299 | |||
Professional services 0.6% | |||||
Nielsen Holdings PLC | 672,489 | 14,431,614 |
12 | JOHN HANCOCK EQUITY INCOME FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Information technology 8.8% | $198,645,702 | ||||
Communications equipment 0.7% | |||||
Cisco Systems, Inc. | 279,874 | 16,518,163 | |||
Electronic equipment, instruments and components 0.3% | |||||
TE Connectivity, Ltd. | 49,883 | 7,493,424 | |||
IT services 0.2% | |||||
Fiserv, Inc. (A) | 42,350 | 4,988,407 | |||
Semiconductors and semiconductor equipment 5.2% | |||||
Applied Materials, Inc. | 187,553 | 25,344,037 | |||
NXP Semiconductors NV | 46,904 | 10,090,458 | |||
QUALCOMM, Inc. | 383,332 | 56,230,971 | |||
Texas Instruments, Inc. | 129,536 | 24,729,718 | |||
Software 2.4% | |||||
Citrix Systems, Inc. | 175,700 | 18,074,259 | |||
Microsoft Corp. | 116,524 | 35,176,265 | |||
Materials 5.3% | 119,818,211 | ||||
Chemicals 3.5% | |||||
Akzo Nobel NV | 68,980 | 8,501,046 | |||
CF Industries Holdings, Inc. | 757,030 | 34,384,303 | |||
DuPont de Nemours, Inc. | 131,728 | 9,750,507 | |||
International Flavors & Fragrances, Inc. | 160,096 | 24,254,544 | |||
PPG Industries, Inc. | 19,805 | 3,159,888 | |||
Containers and packaging 1.8% | |||||
International Paper Company | 661,806 | 39,767,923 | |||
Real estate 4.3% | 96,668,024 | ||||
Equity real estate investment trusts 4.3% | |||||
Equity Residential | 399,797 | 33,610,934 | |||
Rayonier, Inc. | 468,905 | 17,246,326 | |||
Vornado Realty Trust | 51,800 | 2,169,384 | |||
Welltower, Inc. | 86,246 | 7,549,112 | |||
Weyerhaeuser Company | 1,002,563 | 36,092,268 | |||
Utilities 7.6% | 170,443,874 | ||||
Electric utilities 3.7% | |||||
Edison International | 124,854 | 7,221,555 | |||
Entergy Corp. | 62,200 | 6,879,942 | |||
NextEra Energy, Inc. | 170,417 | 14,313,324 | |||
The Southern Company | 839,853 | 55,203,538 | |||
Multi-utilities 3.9% | |||||
Ameren Corp. | 162,332 | 14,239,763 | |||
Dominion Energy, Inc. | 125,800 | 9,792,272 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EQUITY INCOME FUND | 13 |
Shares | Value | ||||
Utilities (continued) | |||||
Multi-utilities (continued) | |||||
NiSource, Inc. | 1,048,105 | $25,835,788 | |||
Sempra Energy | 279,221 | 36,957,692 | |||
Preferred securities 1.4% | $31,828,948 | ||||
(Cost $29,692,268) | |||||
Health care 0.4% | 8,520,700 | ||||
Health care equipment and supplies 0.4% | |||||
Becton, Dickinson and Company, 6.000% (B) | 155,914 | 8,520,700 | |||
Utilities 1.0% | 23,308,248 | ||||
Electric utilities 0.7% | |||||
NextEra Energy, Inc., 5.279% | 140,565 | 7,490,709 | |||
The Southern Company, 6.750% | 174,337 | 9,206,737 | |||
Multi-utilities 0.3% | |||||
NiSource, Inc., 7.750% | 64,083 | 6,610,802 | |||
Yield (%) | Shares | Value | |||
Short-term investments 2.1% | $47,623,439 | ||||
(Cost $47,620,637) | |||||
Short-term funds 2.1% | 47,623,439 | ||||
John Hancock Collateral Trust (C) | 0.0356(D) | 1,272,552 | 12,734,553 | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class | 0.0250(D) | 1,493,588 | 1,493,588 | ||
T. Rowe Price Government Reserve Fund | 0.0295(D) | 33,395,298 | 33,395,298 |
Total investments (Cost $1,535,984,111) 100.4% | $2,262,489,988 | ||||
Other assets and liabilities, net (0.4%) | (8,743,128) | ||||
Total net assets 100.0% | $2,253,746,860 |
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) | All or a portion of this security is on loan as of 8-31-21. |
(C) | Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |
(D) | The rate shown is the annualized seven-day yield as of 8-31-21. |
14 | JOHN HANCOCK EQUITY INCOME FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Assets | |
Unaffiliated investments, at value (Cost $1,523,252,360) including $12,275,347 of securities loaned | $2,249,755,435 |
Affiliated investments, at value (Cost $12,731,751) | 12,734,553 |
Total investments, at value (Cost $1,535,984,111) | 2,262,489,988 |
Dividends and interest receivable | 4,737,105 |
Receivable for fund shares sold | 113,988 |
Receivable for securities lending income | 3,448 |
Other assets | 79,087 |
Total assets | 2,267,423,616 |
Liabilities | |
Payable for investments purchased | 466,323 |
Payable for fund shares repurchased | 87,155 |
Payable upon return of securities loaned | 12,726,989 |
Payable to affiliates | |
Accounting and legal services fees | 87,114 |
Transfer agent fees | 8,722 |
Trustees’ fees | 576 |
Other liabilities and accrued expenses | 299,877 |
Total liabilities | 13,676,756 |
Net assets | $2,253,746,860 |
Net assets consist of | |
Paid-in capital | $1,411,301,982 |
Total distributable earnings (loss) | 842,444,878 |
Net assets | $2,253,746,860 |
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 ($89,649,824 ÷ 4,038,976 shares)1 | $22.20 |
Class C ($2,382,072 ÷ 107,063 shares)1 | $22.25 |
Class 1 ($193,538,092 ÷ 8,708,279 shares) | $22.22 |
Class NAV ($1,968,176,872 ÷ 88,688,406 shares) | $22.19 |
Maximum offering price per share | |
Class A (net asset value per share ÷ 95%)2 | $23.37 |
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 | ANNUAL REPORT | JOHN HANCOCK EQUITY INCOME FUND | 15 |
Investment income | |
Dividends | $53,242,633 |
Interest | 328,882 |
Securities lending | 74,724 |
Less foreign taxes withheld | (858,012) |
Total investment income | 52,788,227 |
Expenses | |
Investment management fees | 14,524,748 |
Distribution and service fees | 336,153 |
Accounting and legal services fees | 309,405 |
Transfer agent fees | 87,654 |
Trustees’ fees | 36,230 |
Custodian fees | 234,281 |
State registration fees | 45,464 |
Printing and postage | 38,629 |
Professional fees | 113,040 |
Other | 84,014 |
Total expenses | 15,809,618 |
Less expense reductions | (632,878) |
Net expenses | 15,176,740 |
Net investment income | 37,611,487 |
Realized and unrealized gain (loss) | |
Net realized gain (loss) on | |
Unaffiliated investments and foreign currency transactions | 130,848,643 |
Affiliated investments | 9,328 |
130,857,971 | |
Change in net unrealized appreciation (depreciation) of | |
Unaffiliated investments and translation of assets and liabilities in foreign currencies | 539,383,543 |
Affiliated investments | (16,807) |
539,366,736 | |
Net realized and unrealized gain | 670,224,707 |
Increase in net assets from operations | $707,836,194 |
16 | JOHN HANCOCK EQUITY INCOME FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Year ended 8-31-21 | Year ended 8-31-20 | |
Increase (decrease) in net assets | ||
From operations | ||
Net investment income | $37,611,487 | $41,683,877 |
Net realized gain | 130,857,971 | 31,096,591 |
Change in net unrealized appreciation (depreciation) | 539,366,736 | (105,589,965) |
Increase (decrease) in net assets resulting from operations | 707,836,194 | (32,809,497) |
Distributions to shareholders | ||
From earnings | ||
Class A | (1,503,559) | (4,388,126) |
Class C | (35,081) | (188,277) |
Class 1 | (4,522,418) | (15,745,750) |
Class NAV | (46,943,668) | (123,011,350) |
Total distributions | (53,004,726) | (143,333,503) |
From fund share transactions | (286,524,813) | 316,299,342 |
Total increase | 368,306,655 | 140,156,342 |
Net assets | ||
Beginning of year | 1,885,440,205 | 1,745,283,863 |
End of year | $2,253,746,860 | $1,885,440,205 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EQUITY INCOME FUND | 17 |
CLASS A SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $16.28 | $18.31 | $20.97 | $20.22 | $18.50 |
Net investment income1 | 0.27 | 0.33 | 0.36 | 0.31 | 0.36 |
Net realized and unrealized gain (loss) on investments | 6.06 | (0.90) | (0.84) | 2.22 | 2.17 |
Total from investment operations | 6.33 | (0.57) | (0.48) | 2.53 | 2.53 |
Less distributions | |||||
From net investment income | (0.30) | (0.38) | (0.36) | (0.33) | (0.40) |
From net realized gain | (0.11) | (1.08) | (1.82) | (1.45) | (0.41) |
Total distributions | (0.41) | (1.46) | (2.18) | (1.78) | (0.81) |
Net asset value, end of period | $22.20 | $16.28 | $18.31 | $20.97 | $20.22 |
Total return (%)2,3 | 39.49 | (3.96) | (0.94) | 12.83 | 13.96 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $90 | $59 | $51 | $43 | $36 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 1.14 | 1.17 | 1.16 | 1.18 | 1.19 |
Expenses including reductions | 1.11 | 1.14 | 1.13 | 1.14 | 1.14 |
Net investment income | 1.36 | 1.99 | 1.97 | 1.52 | 1.85 |
Portfolio turnover (%) | 22 | 31 | 26 | 19 | 21 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
3 | Does not reflect the effect of sales charges, if any. |
18 | JOHN HANCOCK Equity Income Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS C SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $16.32 | $18.34 | $21.00 | $20.25 | $18.52 |
Net investment income1 | 0.14 | 0.22 | 0.24 | 0.17 | 0.22 |
Net realized and unrealized gain (loss) on investments | 6.07 | (0.90) | (0.86) | 2.22 | 2.18 |
Total from investment operations | 6.21 | (0.68) | (0.62) | 2.39 | 2.40 |
Less distributions | |||||
From net investment income | (0.17) | (0.26) | (0.22) | (0.19) | (0.26) |
From net realized gain | (0.11) | (1.08) | (1.82) | (1.45) | (0.41) |
Total distributions | (0.28) | (1.34) | (2.04) | (1.64) | (0.67) |
Net asset value, end of period | $22.25 | $16.32 | $18.34 | $21.00 | $20.25 |
Total return (%)2,3 | 38.50 | (4.60) | (1.66) | 12.00 | 13.16 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $2 | $2 | $3 | $3 | $3 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 1.84 | 1.87 | 1.86 | 1.88 | 1.89 |
Expenses including reductions | 1.81 | 1.84 | 1.83 | 1.84 | 1.86 |
Net investment income | 0.69 | 1.28 | 1.28 | 0.80 | 1.12 |
Portfolio turnover (%) | 22 | 31 | 26 | 19 | 21 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
3 | Does not reflect the effect of sales charges, if any. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Equity Income Fund | 19 |
CLASS 1 SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $16.30 | $18.33 | $20.99 | $20.24 | $18.51 |
Net investment income1 | 0.34 | 0.40 | 0.43 | 0.39 | 0.44 |
Net realized and unrealized gain (loss) on investments | 6.06 | (0.91) | (0.85) | 2.21 | 2.16 |
Total from investment operations | 6.40 | (0.51) | (0.42) | 2.60 | 2.60 |
Less distributions | |||||
From net investment income | (0.37) | (0.44) | (0.42) | (0.40) | (0.46) |
From net realized gain | (0.11) | (1.08) | (1.82) | (1.45) | (0.41) |
Total distributions | (0.48) | (1.52) | (2.24) | (1.85) | (0.87) |
Net asset value, end of period | $22.22 | $16.30 | $18.33 | $20.99 | $20.24 |
Total return (%)2 | 39.95 | (3.58) | (0.57) | 13.21 | 14.36 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $194 | $160 | $197 | $235 | $255 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.77 | 0.79 | 0.80 | 0.82 | 0.83 |
Expenses including reductions | 0.74 | 0.76 | 0.77 | 0.78 | 0.79 |
Net investment income | 1.74 | 2.35 | 2.32 | 1.86 | 2.23 |
Portfolio turnover (%) | 22 | 31 | 26 | 19 | 21 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
20 | JOHN HANCOCK Equity Income Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS NAV SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $16.28 | $18.31 | $20.97 | $20.22 | $18.49 |
Net investment income1 | 0.35 | 0.41 | 0.44 | 0.40 | 0.45 |
Net realized and unrealized gain (loss) on investments | 6.05 | (0.91) | (0.85) | 2.21 | 2.16 |
Total from investment operations | 6.40 | (0.50) | (0.41) | 2.61 | 2.61 |
Less distributions | |||||
From net investment income | (0.38) | (0.45) | (0.43) | (0.41) | (0.47) |
From net realized gain | (0.11) | (1.08) | (1.82) | (1.45) | (0.41) |
Total distributions | (0.49) | (1.53) | (2.25) | (1.86) | (0.88) |
Net asset value, end of period | $22.19 | $16.28 | $18.31 | $20.97 | $20.22 |
Total return (%)2 | 40.01 | (3.53) | (0.52) | 13.28 | 14.44 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $1,968 | $1,664 | $1,495 | $1,344 | $1,377 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.72 | 0.74 | 0.75 | 0.77 | 0.78 |
Expenses including reductions | 0.69 | 0.71 | 0.72 | 0.73 | 0.74 |
Net investment income | 1.79 | 2.41 | 2.38 | 1.92 | 2.30 |
Portfolio turnover (%) | 22 | 31 | 26 | 19 | 21 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Equity Income Fund | 21 |
22 | JOHN HANCOCK Equity Income Fund | ANNUAL REPORT |
Total value at 8-31-21 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
Common stocks | ||||
Communication services | $107,687,466 | $107,687,466 | — | — |
Consumer discretionary | 91,238,533 | 91,238,533 | — | — |
Consumer staples | 154,444,803 | 154,444,803 | — | — |
Energy | 117,093,603 | 117,093,603 | — | — |
Financials | 526,290,203 | 526,290,203 | — | — |
Health care | 346,839,971 | 343,848,318 | $2,991,653 | — |
Industrials | 253,867,211 | 253,867,211 | — | — |
Information technology | 198,645,702 | 198,645,702 | — | — |
Materials | 119,818,211 | 111,317,165 | 8,501,046 | — |
Real estate | 96,668,024 | 96,668,024 | — | — |
Utilities | 170,443,874 | 170,443,874 | — | — |
Preferred securities | 31,828,948 | 31,828,948 | — | — |
Short-term investments | 47,623,439 | 47,623,439 | — | — |
Total investments in securities | $2,262,489,988 | $2,250,997,289 | $11,492,699 | — |
ANNUAL REPORT | JOHN HANCOCK Equity Income Fund | 23 |
24 | JOHN HANCOCK Equity Income Fund | ANNUAL REPORT |
August 31, 2021 | August 31, 2020 | |
Ordinary income | $40,509,007 | $46,241,818 |
Long-term capital gains | 12,495,719 | 97,091,685 |
Total | $53,004,726 | $143,333,503 |
ANNUAL REPORT | JOHN HANCOCK Equity Income Fund | 25 |
Aggregate net assets | Rate |
First $100 million | 0.800% |
Between $100 million and $200 million | 0.775% |
Between $200 million and $500 million | 0.750% |
Between $500 million and $1 billion | 0.725% |
Between $1 billion and $1.5 billion | 0.725% |
Between $1.5 billion and $2 billion | 0.700% |
Between $2 billion and $3 billion | 0.695% |
Between $3 billion and $4 billion | 0.690% |
Between $4 billion and $5.5 billion | 0.680% |
Between $5.5 billion and $7.5 billion | 0.675% |
Excess over $7.5 billion | 0.670% |
When aggregate net assets exceed $200 million on any day, the annual rate of management fee for that day is 0.775% on the first $200 million of aggregate net assets. |
When aggregate net assets exceed $500 million on any day, the annual rate of management fee for that day is 0.750% on the first $500 million of aggregate net assets and 0.725% on the amount above $500 million. |
When aggregate net assets exceed $1 billion on any day, the annual rate of management fee for that day is 0.725% on the first $1 billion of aggregate net assets. |
When aggregate net assets exceed $1.5 billion on any day, the annual rate of management fee for that day is 0.700% on the first $1.5 billion of aggregate net assets. |
When aggregate net assets exceed $2 billion on any day, the annual rate of management fee for that day is 0.695% on the first $2 billion of aggregate net assets. |
When aggregate net assets exceed $3 billion on any day, the annual rate of management fee for that day is 0.690% on the first $3 billion of aggregate net assets. |
26 | JOHN HANCOCK Equity Income Fund | ANNUAL REPORT |
When aggregate net assets exceed $4 billion on any day, the annual rate of management fee for that day is 0.680% on the first $4 billion of aggregate net assets. |
When aggregate net assets exceed $5.5 billion on any day, the annual rate of management fee for that day is 0.675% on the first $5.5 billion of aggregate net assets. |
When aggregate net assets exceed $7.5 billion on any day, the annual rate of management fee for that day is 0.670% on the first $7.5 billion of aggregate net assets. |
Class | Expense reduction |
Class A | $22,045 |
Class C | 702 |
Class 1 | 54,313 |
Class | Expense reduction |
Class NAV | $555,818 |
Total | $632,878 |
ANNUAL REPORT | JOHN HANCOCK Equity Income Fund | 27 |
Class | Rule 12b-1 Fee |
Class A | 0.30% |
Class C | 1.00% |
Class 1 | 0.05% |
Class | Distribution and service fees | Transfer agent fees |
Class A | $221,476 | $84,938 |
Class C | 23,580 | 2,716 |
Class 1 | 91,097 | — |
Total | $336,153 | $87,654 |
28 | JOHN HANCOCK Equity Income Fund | ANNUAL REPORT |
Borrower or Lender | Weighted Average Loan Balance | Days Outstanding | Weighted Average Interest Rate | Interest Income (Expense) |
Lender | $ 12,500,780 | 6 | 0.578% | $ 1,202 |
Year Ended 8-31-21 | Year Ended 8-31-20 | |||
Shares | Amount | Shares | Amount | |
Class A shares | ||||
Sold | 1,081,793 | $21,785,112 | 1,554,888 | $25,312,918 |
Distributions reinvested | 82,483 | 1,501,984 | 239,544 | 4,385,132 |
Repurchased | (764,226) | (14,473,353) | (933,389) | (14,771,777) |
Net increase | 400,050 | $8,813,743 | 861,043 | $14,926,273 |
Class C shares | ||||
Sold | 16,351 | $291,635 | 56,071 | $862,900 |
Distributions reinvested | 1,975 | 35,081 | 10,002 | 186,469 |
Repurchased | (42,466) | (821,019) | (78,537) | (1,274,676) |
Net decrease | (24,140) | $(494,303) | (12,464) | $(225,307) |
Class 1 shares | ||||
Sold | 550,196 | $11,206,083 | 369,627 | $6,344,534 |
Distributions reinvested | 248,130 | 4,522,418 | 860,662 | 15,745,751 |
Repurchased | (1,896,386) | (37,252,440) | (2,153,515) | (36,397,372) |
Net decrease | (1,098,060) | $(21,523,939) | (923,226) | $(14,307,087) |
Class NAV shares | ||||
Sold | 3,610,365 | $71,477,981 | 22,066,035 | $348,311,566 |
Distributions reinvested | 2,582,451 | 46,943,668 | 6,780,478 | 123,011,349 |
Repurchased | (19,736,525) | (391,741,963) | (8,289,636) | (155,417,452) |
Net increase (decrease) | (13,543,709) | $(273,320,314) | 20,556,877 | $315,905,463 |
Total net increase (decrease) | (14,265,859) | $(286,524,813) | 20,482,230 | $316,299,342 |
ANNUAL REPORT | JOHN HANCOCK Equity Income Fund | 29 |
Portfolio/Fund | Affiliated Concentration |
John Hancock Funds II Multimanager Lifestyle Growth Portfolio | 31.70% |
John Hancock Funds II Multimanager Lifestyle Balanced Portfolio | 19.70% |
John Hancock Funds II Multimanager Lifestyle Aggressive Portfolio | 13.60% |
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* | 1,272,552 | $44,936,717 | $154,662,084 | $(186,856,769) | $9,328 | $(16,807) | $74,724 | — | $12,734,553 |
* | Refer to the Securities lending note within Note 2 for details regarding this investment. |
30 | JOHN HANCOCK Equity Income Fund | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK Equity Income Fund | 31 |
32 | JOHN HANCOCK EQUITY INCOME FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK EQUITY INCOME FUND | 33 |
34 | JOHN HANCOCK EQUITY INCOME FUND | ANNUAL REPORT |
(a) | the skills and competency with which the Advisor has in the past managed the Trust’s affairs and its subadvisory relationship, the Advisor’s oversight and monitoring of the Subadvisor’s investment performance and compliance programs, such as the Subadvisor’s compliance with fund policies and objectives, review of brokerage matters, including with respect to trade allocation and best execution and the Advisor’s timeliness in responding to performance issues; |
(b) | the background, qualifications and skills of the Advisor’s personnel; |
(c) | the Advisor’s compliance policies and procedures and its responsiveness to regulatory changes and fund industry developments; |
ANNUAL REPORT | JOHN HANCOCK EQUITY INCOME FUND | 35 |
(d) | the Advisor’s administrative capabilities, including its ability to supervise the other service providers for the fund, as well as the Advisor’s oversight of any securities lending activity, its monitoring of class action litigation and collection of class action settlements on behalf of the fund, and bringing loss recovery actions on behalf of the fund; |
(e) | the financial condition of the Advisor and whether it has the financial wherewithal to provide a high level and quality of services to the fund; |
(f) | the Advisor’s initiatives intended to improve various aspects of the Trust’s operations and investor experience with the fund; and |
(g) | the Advisor’s reputation and experience in serving as an investment advisor to the Trust and the benefit to shareholders of investing in funds that are part of a family of funds offering a variety of investments. |
(a) | reviewed information prepared by management regarding the fund’s performance; |
(b) | considered the comparative performance of an applicable benchmark index; |
(c) | considered the performance of comparable funds, if any, as included in the report prepared by an independent third-party provider of fund data; and |
(d) | took into account the Advisor’s analysis of the fund’s performance and its plans and recommendations regarding the Trust’s subadvisory arrangements generally. |
36 | JOHN HANCOCK EQUITY INCOME FUND | ANNUAL REPORT |
(a) | reviewed financial information of the Advisor; |
(b) | reviewed and considered information presented by the Advisor regarding the net profitability to the Advisor and its affiliates with respect to the fund; |
(c) | received and reviewed profitability information with respect to the John Hancock Fund Complex as a whole and with respect to the fund; |
(d) | received information with respect to the Advisor’s allocation methodologies used in preparing the profitability data and considered that the Advisor hired an independent third-party consultant to provide an analysis of the Advisor’s allocation methodologies; |
(e) | considered that the John Hancock insurance companies that are affiliates of the Advisor, as shareholders of the Trust directly or through their separate accounts, receive certain tax credits or deductions relating to foreign taxes paid and dividends received by certain funds of the Trust and noted that these tax benefits, which are not available to participants in qualified retirement plans under applicable income tax law, are reflected in the profitability information reviewed by the Board; |
(f) | considered that the Advisor also provides administrative services to the fund on a cost basis pursuant to an administrative services agreement; |
(g) | noted that affiliates of the Advisor provide transfer agency services and distribution services to the fund, and that the fund’s distributor also receives Rule 12b-1 payments to support distribution of the fund; |
(h) | noted that the Advisor also derives reputational and other indirect benefits from providing advisory services to the fund; |
(i) | noted that the subadvisory fee for the fund is paid by the Advisor and is negotiated at arm’s length; |
(j) | considered the Advisor’s ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the fund industry; and |
ANNUAL REPORT | JOHN HANCOCK EQUITY INCOME FUND | 37 |
(k) | considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it provides to the fund and the risks that it assumes as Advisor, including entrepreneurial, operational, reputational, litigation and regulatory risk. |
(a) | considered that the Advisor has contractually agreed to waive a portion of its management fee for certain funds of the John Hancock Fund Complex, including the fund (the participating portfolios) or otherwise reimburse the expenses of the participating portfolios (the reimbursement). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund; |
(b) | reviewed the fund’s advisory fee structure and concluded that: (i) the fund’s fee structure contains breakpoints at the subadvisory fee level and that such breakpoints are reflected as breakpoints in the advisory fees for the fund; and (ii) although economies of scale cannot be measured with precision, these arrangements permit shareholders of the fund to benefit from economies of scale if the fund grows. The Board also took into account management’s discussion of the fund’s advisory fee structure; and |
(c) | the Board also considered the effect of the fund’s growth in size on its performance and fees. The Board also noted that if the fund’s assets increase over time, the fund may realize other economies of scale. |
(1) | information relating to the Subadvisor’s business, including current subadvisory services to the Trust (and other funds in the John Hancock Fund Complex); |
(2) | the historical and current performance of the fund and comparative performance information relating to an applicable benchmark index and comparable funds; |
(3) | the subadvisory fee for the fund, including any breakpoints, and to the extent available, comparable fee information prepared by an independent third party provider of fund data; and |
(4) | information relating to the nature and scope of any material relationships and their significant to the Trust’s Advisor and Subadvisor; |
38 | JOHN HANCOCK EQUITY INCOME FUND | ANNUAL REPORT |
(1) | the Subadvisor has extensive experience and demonstrated skills as a manager; |
ANNUAL REPORT | JOHN HANCOCK EQUITY INCOME FUND | 39 |
(2) | the performance of the fund is being monitored and reasonably addressed, where appropriate; |
(3) | the subadvisory fee is reasonable in relation to the level and quality of services being provided under the Subadvisory Agreement; and |
(4) | noted that the subadvisory fees are paid by the Advisor not the fund and that the subadvisory fee breakpoints are reflected as breakpoints in the advisory fees for the fund in order to permit shareholders to benefit from economies of scale if the fund grows. |
40 | JOHN HANCOCK EQUITY INCOME FUND | ANNUAL REPORT |
• | The Fund’s investment strategy remained appropriate for an open-end fund structure; |
• | The Fund was able to meet requests for redemption without significant dilution of remaining investors’ interests in the Fund; |
• | The Fund did not report any breaches of the 15% limit on illiquid investments that would require reporting to the Securities and Exchange Commission; |
• | The Fund continued to qualify as a Primarily Highly Liquid Fund under the Liquidity Rule and therefore is not required to establish a HLIM; and |
• | The Chief Compliance Officer’s office performed audit testing of the LRMP which resulted in an assessment that the LRMP’s control environment was deemed to be operating effectively and in compliance with the Board approved procedures. |
ANNUAL REPORT | JOHN HANCOCK EQUITY INCOME FUND | 41 |
42 | JOHN HANCOCK EQUITY INCOME FUND | ANNUAL REPORT |
Independent Trustees | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Hassell H. McClellan, Born: 1945 | 2005 | 190 |
Trustee and Chairperson of the Board | ||
Director/Trustee, Virtus Funds (2008-2020); Director, The Barnes Group (2010-2021); Associate Professor, The Wallace E. Carroll School of Management, Boston College (retired 2013). Trustee (since 2005) and Chairperson of the Board (since 2017) of various trusts within the John Hancock Fund Complex. | ||
Charles L. Bardelis,2 Born: 1941 | 2005 | 190 |
Trustee | ||
Director, Island Commuter Corp. (marine transport). Trustee of various trusts within the John Hancock Fund Complex (since 1988). | ||
James R. Boyle, Born: 1959 | 2015 | 190 |
Trustee | ||
Chief Executive Officer, Foresters Financial (since 2018); Chairman and Chief Executive Officer, Zillion Group, Inc. (formerly HealthFleet, Inc.) (healthcare) (2014-2018); Executive Vice President and Chief Executive Officer, U.S. Life Insurance Division of Genworth Financial, Inc. (insurance) (January 2014–July 2014); Senior Executive Vice President, Manulife Financial, President and Chief Executive Officer, John Hancock (1999–2012); Chairman and Director, John Hancock Investment Management LLC, John Hancock Investment Management Distributors LLC, and John Hancock Variable Trust Advisers LLC (2005–2010). Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015). | ||
Peter S. Burgess,2 Born: 1942 | 2005 | 190 |
Trustee | ||
Consultant (financial, accounting, and auditing matters) (since 1999); Certified Public Accountant; Partner, Arthur Andersen (independent public accounting firm) (prior to 1999); Director, Lincoln Educational Services Corporation (2004-2021); Director, Symetra Financial Corporation (2010–2016); Director, PMA Capital Corporation (2004–2010). Trustee of various trusts within the John Hancock Fund Complex (since 2005). | ||
William H. Cunningham, Born: 1944 | 2012 | 190 |
Trustee | ||
Professor, University of Texas, Austin, Texas (since 1971); former Chancellor, University of Texas System and former President of the University of Texas, Austin, Texas; Chairman (since 2009) and Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000); former Director, LIN Television (2009–2014). Trustee of various trusts within the John Hancock Fund Complex (since 1986). | ||
Grace K. Fey, Born: 1946 | 2008 | 190 |
Trustee | ||
Chief Executive Officer, Grace Fey Advisors (since 2007); Director and Executive Vice President, Frontier Capital Management Company (1988–2007); Director, Fiduciary Trust (since 2009). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |
ANNUAL REPORT | JOHN HANCOCK EQUITY INCOME FUND | 43 |
Independent Trustees (continued) | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Deborah C. Jackson, Born: 1952 | 2012 | 190 |
Trustee | ||
President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Amwell Corporation (since 2020); Board of Directors, Massachusetts Women’s Forum (2018-2020); Board of Directors, National Association of Corporate Directors/New England (2015-2020); Board of Directors, Association of Independent Colleges and Universities of Massachusetts (2014-2017); Chief Executive Officer, American Red Cross of Massachusetts Bay (2002–2011); Board of Directors of Eastern Bank Corporation (since 2001); Board of Directors of Eastern Bank Charitable Foundation (since 2001); Board of Directors of American Student Assistance Corporation (1996–2009); Board of Directors of Boston Stock Exchange (2002–2008); Board of Directors of Harvard Pilgrim Healthcare (health benefits company) (2007–2011). Trustee of various trusts within the John Hancock Fund Complex (since 2008). | ||
Steven R. Pruchansky, Born: 1944 | 2012 | 190 |
Trustee and Vice Chairperson of the Board | ||
Managing Director, Pru Realty (since 2017); Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (2014-2020); Director and President, Greenscapes of Southwest Florida, Inc. (until 2000); Member, Board of Advisors, First American Bank (until 2010); Managing Director, Jon James, LLC (real estate) (since 2000); Partner, Right Funding, LLC (2014-2017); Director, First Signature Bank & Trust Company (until 1991); Director, Mast Realty Trust (until 1994); President, Maxwell Building Corp. (until 1991). Trustee (since 1992), Chairperson of the Board (2011–2012), and Vice Chairperson of the Board (since 2012) of various trusts within the John Hancock Fund Complex. | ||
Frances G. Rathke,2,* Born: 1960 | 2020 | 190 |
Trustee | ||
Board Member, Oatly Group AB (plant-based drink company) (since 2021): Director, Northern New England Energy Corporation (since 2017); Director, Audit Committee Chair and Compensation Committee Member, Green Mountain Power Corporation (since 2016); Director, Treasurer and Finance & Audit Committee Chair, Flynn Center for Performing Arts (since 2016); Director, Audit Committee Chair and Compensation Committee Member, Planet Fitness (since 2016); Director, Citizen Cider, Inc. (high-end hard cider and hard seltzer company) (since 2016); Chief Financial Officer and Treasurer, Keurig Green Mountain, Inc. (2003-retired 2015); Independent Financial Consultant, Frances Rathke Consulting (strategic and financial consulting services) (2001-2003); Chief Financial Officer and Secretary, Ben & Jerry’s Homemade, Inc. (1989-2000, including prior positions); Senior Manager, Coopers & Lybrand, LLC (independent public accounting firm) (1982-1989). Trustee of various trusts within the John Hancock Fund Complex (since 2020). | ||
Gregory A. Russo, Born: 1949 | 2012 | 190 |
Trustee | ||
Director and Audit Committee Chairman (2012-2020), and Member, Audit Committee and Finance Committee (2011-2020), NCH Healthcare System, Inc. (holding company for multi-entity healthcare system); Director and Member (2012-2018) and Finance Committee Chairman (2014-2018), The Moorings, Inc. (nonprofit continuing care community); Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); Vice Chairman, Industrial Markets, KPMG (1998–2002); Chairman and Treasurer, Westchester County, New York, Chamber of Commerce (1986–1992); Director, Treasurer, and Chairman of Audit and Finance Committees, Putnam Hospital Center (1989–1995); Director and Chairman of Fundraising Campaign, United Way of Westchester and Putnam Counties, New York (1990–1995). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |
44 | JOHN HANCOCK EQUITY INCOME FUND | ANNUAL REPORT |
Non-Independent Trustees3 | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Andrew G. Arnott, Born: 1971 | 2017 | 190 |
President and Non-Independent Trustee | ||
Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (since 2018); Director and Executive Vice President, John Hancock Investment Management LLC (since 2005, including prior positions); Director and Executive Vice President, John Hancock Variable Trust Advisers LLC (since 2006, including prior positions); President, John Hancock Investment Management Distributors LLC (since 2004, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2017). | ||
Marianne Harrison, Born: 1963 | 2018 | 190 |
Non-Independent Trustee | ||
President and CEO, John Hancock (since 2017); President and CEO, Manulife Canadian Division (2013–2017); Member, Board of Directors, Boston Medical Center (since 2021); Member, Board of Directors, CAE Inc. (since 2019); Member, Board of Directors, MA Competitive Partnership Board (since 2018); Member, Board of Directors, American Council of Life Insurers (ACLI) (since 2018); Member, Board of Directors, Communitech, an industry-led innovation center that fosters technology companies in Canada (2017-2019); Member, Board of Directors, Manulife Assurance Canada (2015-2017); Board Member, St. Mary’s General Hospital Foundation (2014-2017); Member, Board of Directors, Manulife Bank of Canada (2013- 2017); Member, Standing Committee of the Canadian Life & Health Assurance Association (2013-2017); Member, Board of Directors, John Hancock USA, John Hancock Life & Health, John Hancock New York (2012–2013). Trustee of various trusts within the John Hancock Fund Complex (since 2018). |
Principal officers who are not Trustees | |
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years | Current Position(s) with the Trust since |
Charles A. Rizzo, Born: 1957 | 2007 |
Chief Financial Officer | |
Vice President, John Hancock Financial Services (since 2008); Senior Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2008); Chief Financial Officer of various trusts within the John Hancock Fund Complex (since 2007). | |
Salvatore Schiavone, Born: 1965 | 2009 |
Treasurer | |
Assistant Vice President, John Hancock Financial Services (since 2007); Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2007); Treasurer of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). | |
Christopher (Kit) Sechler, Born: 1973 | 2018 |
Secretary and Chief Legal Officer | |
Vice President and Deputy Chief Counsel, John Hancock Investment Management (since 2015); Assistant Vice President and Senior Counsel (2009–2015), John Hancock Investment Management; Assistant Secretary of John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2009); Chief Legal Officer and Secretary of various trusts within the John Hancock Fund Complex (since 2009, including prior positions). |
ANNUAL REPORT | JOHN HANCOCK EQUITY INCOME FUND | 45 |
Principal officers who are not Trustees (continued) | |
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years | Current Position(s) with the Trust since |
Trevor Swanberg, Born: 1979 | 2020 |
Chief Compliance Officer | |
Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2020); Deputy Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2019–2020); Assistant Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2016–2019); Vice President, State Street Global Advisors (2015–2016); Chief Compliance Officer of various trusts within the John Hancock Fund Complex (since 2016, including prior positions). |
1 | Each Trustee holds office until his or her successor is elected and qualified, or until the Trustee’s death, retirement, resignation, or removal. Mr. Boyle has served as Trustee at various times prior to the date listed in the table. |
2 | Member of the Audit Committee. |
3 | The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates. |
* | Appointed as Independent Trustee effective as of September 15, 2020. |
46 | JOHN HANCOCK EQUITY INCOME FUND | ANNUAL 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
Frances G. Rathke*,1
Gregory A. Russo
President
Chief Financial Officer
Treasurer
Secretary and Chief Legal Officer
Chief Compliance Officer
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 |
ANNUAL REPORT | JOHN HANCOCK EQUITY INCOME FUND | 47 |
GOVERNANCE FUNDS
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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
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MF1822983 | 458A 8/21 |
President and CEO,
John Hancock Investment Management
Head of Wealth and Asset Management,
United States and Europe
ANNUAL REPORT | JOHN HANCOCK SMALL CAP VALUE FUND | 1 |
2 | JOHN HANCOCK SMALL CAP VALUE FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK SMALL CAP VALUE FUND | 3 |
TOP 10 HOLDINGS AS OF 8/31/2021 (% of net assets) | |
Lantheus Holdings, Inc. | 2.1 |
Spectrum Brands Holdings, Inc. | 2.1 |
TriMas Corp. | 2.1 |
Belden, Inc. | 2.0 |
Element Solutions, Inc. | 2.0 |
Tyman PLC | 2.0 |
Portland General Electric Company | 1.7 |
RPT Realty | 1.7 |
Kemper Corp. | 1.6 |
Neenah, Inc. | 1.6 |
TOTAL | 18.9 |
Cash and cash equivalents are not included. |
COUNTRY COMPOSITION AS OF 8/31/2021 (% of net assets) | |
United States | 89.4 |
United Kingdom | 4.6 |
Bermuda | 2.6 |
Luxembourg | 1.2 |
India | 1.1 |
Other countries | 1.1 |
TOTAL | 100.0 |
4 | JOHN HANCOCK SMALL CAP VALUE FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK SMALL CAP VALUE FUND | 5 |
Average annual total returns (%) with maximum sales charge | Cumulative total returns (%) with maximum sales charge | ||||
1-year | 5-year | 10-year | 5-year | 10-year | |
Class A1 | 43.06 | 6.28 | 9.65 | 35.62 | 151.27 |
Class I1,2 | 51.06 | 7.70 | 10.47 | 44.94 | 170.64 |
Class R61,2 | 51.22 | 7.82 | 10.57 | 45.70 | 173.15 |
Class NAV2 | 51.20 | 7.83 | 10.57 | 45.76 | 173.25 |
Index† | 59.49 | 11.66 | 12.14 | 73.54 | 214.58 |
Class A | Class I | Class R6 | Class NAV | |
Gross (%) | 1.52 | 1.22 | 1.10 | 1.09 |
Net (%) | 1.49 | 1.19 | 1.07 | 1.06 |
6 | JOHN HANCOCK SMALL CAP VALUE FUND | ANNUAL REPORT |
Start date | With maximum sales charge ($) | Without sales charge ($) | Index ($) | |
Class I1,2 | 8-31-11 | 27,064 | 27,064 | 31,458 |
Class R61,2 | 8-31-11 | 27,315 | 27,315 | 31,458 |
Class NAV2 | 8-31-11 | 27,325 | 27,325 | 31,458 |
1 | Class A, Class I, and Class R6 shares were first offered on 12-30-13. Returns prior to this date are those of Class NAV 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. |
ANNUAL REPORT | JOHN HANCOCK SMALL CAP VALUE FUND | 7 |
8 | JOHN HANCOCK SMALL CAP VALUE FUND | ANNUAL REPORT |
Account value on 3-1-2021 | Ending value on 8-31-2021 | Expenses paid during period ended 8-31-20211 | Annualized expense ratio | ||
Class A | Actual expenses/actual returns | $1,000.00 | $1,079.30 | $7.28 | 1.39% |
Hypothetical example | 1,000.00 | 1,018.20 | 7.07 | 1.39% | |
Class I | Actual expenses/actual returns | 1,000.00 | 1,080.90 | 5.72 | 1.09% |
Hypothetical example | 1,000.00 | 1,019.70 | 5.55 | 1.09% | |
Class R6 | Actual expenses/actual returns | 1,000.00 | 1,081.40 | 5.14 | 0.98% |
Hypothetical example | 1,000.00 | 1,020.30 | 4.99 | 0.98% | |
Class NAV | Actual expenses/actual returns | 1,000.00 | 1,081.40 | 5.09 | 0.97% |
Hypothetical example | 1,000.00 | 1,020.30 | 4.94 | 0.97% |
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). |
ANNUAL REPORT | JOHN HANCOCK SMALL CAP VALUE FUND | 9 |
Shares | Value | ||||
Common stocks 97.0% | $792,630,758 | ||||
(Cost $540,847,634) | |||||
Communication services 0.0% | 258,230 | ||||
Interactive media and services 0.0% | |||||
CarGurus, Inc. (A) | 8,500 | 258,230 | |||
Consumer discretionary 6.4% | 52,259,998 | ||||
Auto components 1.6% | |||||
Gentherm, Inc. (A) | 87,216 | 7,484,877 | |||
Visteon Corp. (A) | 56,031 | 5,921,356 | |||
Hotels, restaurants and leisure 1.2% | |||||
Aramark | 98,209 | 3,416,691 | |||
Wyndham Hotels & Resorts, Inc. | 84,744 | 6,160,889 | |||
Household durables 1.3% | |||||
Tri Pointe Homes, Inc. (A) | 442,064 | 10,507,861 | |||
Specialty retail 0.9% | |||||
Monro, Inc. | 125,630 | 7,149,603 | |||
Textiles, apparel and luxury goods 1.4% | |||||
Kontoor Brands, Inc. | 215,321 | 11,618,721 | |||
Consumer staples 5.7% | 46,142,000 | ||||
Beverages 0.9% | |||||
C&C Group PLC (A) | 2,181,073 | 7,412,194 | |||
Food products 2.7% | |||||
Cranswick PLC | 182,508 | 9,966,171 | |||
Hostess Brands, Inc. (A) | 594,144 | 9,482,538 | |||
Post Holdings, Inc. (A) | 21,044 | 2,355,034 | |||
Household products 2.1% | |||||
Spectrum Brands Holdings, Inc. | 216,834 | 16,926,063 | |||
Energy 3.1% | 25,027,014 | ||||
Energy equipment and services 0.3% | |||||
Bristow Group, Inc. (A) | 79,526 | 2,509,841 | |||
Oil, gas and consumable fuels 2.8% | |||||
Chesapeake Energy Corp. | 25,698 | 1,434,205 | |||
Dorian LPG, Ltd. | 606,831 | 8,022,306 | |||
Magnolia Oil & Gas Corp., Class A | 709,926 | 11,131,640 | |||
Scorpio Tankers, Inc. | 119,002 | 1,929,022 | |||
Financials 23.3% | 190,743,692 | ||||
Banks 14.0% | |||||
1st Source Corp. | 141,236 | 6,638,092 | |||
Atlantic Union Bankshares Corp. | 281,344 | 10,409,728 |
10 | JOHN HANCOCK SMALL CAP VALUE FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Financials (continued) | |||||
Banks (continued) | |||||
Banc of California, Inc. | 708,676 | $12,734,908 | |||
Eastern Bankshares, Inc. | 357,389 | 7,069,154 | |||
First Busey Corp. | 296,544 | 7,028,093 | |||
First Citizens BancShares, Inc., Class A | 2,061 | 1,850,160 | |||
First Midwest Bancorp, Inc. | 565,182 | 10,585,859 | |||
Flushing Financial Corp. | 372,652 | 8,544,910 | |||
Great Western Bancorp, Inc. | 362,081 | 11,210,028 | |||
Hancock Whitney Corp. | 255,900 | 11,761,164 | |||
International Bancshares Corp. | 280,784 | 11,759,234 | |||
Synovus Financial Corp. | 288,246 | 12,423,403 | |||
Webster Financial Corp. | 41,094 | 2,076,069 | |||
Capital markets 0.6% | |||||
SLR Investment Corp. | 253,794 | 4,761,175 | |||
Insurance 7.1% | |||||
Alleghany Corp. (A) | 5,858 | 3,964,050 | |||
Argo Group International Holdings, Ltd. | 104,949 | 5,551,802 | |||
Assured Guaranty, Ltd. | 163,273 | 8,140,792 | |||
Kemper Corp. | 195,333 | 13,399,844 | |||
ProAssurance Corp. | 268,721 | 6,852,386 | |||
Reinsurance Group of America, Inc. | 18,123 | 2,099,006 | |||
SiriusPoint, Ltd. (A) | 721,517 | 7,078,082 | |||
White Mountains Insurance Group, Ltd. | 10,148 | 11,373,980 | |||
Thrifts and mortgage finance 1.6% | |||||
NMI Holdings, Inc., Class A (A) | 290,349 | 6,553,177 | |||
Northwest Bancshares, Inc. | 528,310 | 6,878,596 | |||
Health care 7.2% | 59,099,264 | ||||
Health care equipment and supplies 3.2% | |||||
Haemonetics Corp. (A) | 92,562 | 5,808,266 | |||
Lantheus Holdings, Inc. (A) | 659,218 | 17,383,579 | |||
Natus Medical, Inc. (A) | 115,456 | 3,061,893 | |||
Health care providers and services 2.5% | |||||
AMN Healthcare Services, Inc. (A) | 34,122 | 3,873,529 | |||
Apria, Inc. (A) | 132,475 | 4,725,383 | |||
MEDNAX, Inc. (A) | 174,413 | 5,600,401 | |||
Owens & Minor, Inc. | 176,649 | 6,585,475 | |||
Health care technology 1.3% | |||||
Allscripts Healthcare Solutions, Inc. (A) | 672,026 | 10,322,319 | |||
Life sciences tools and services 0.2% | |||||
Syneos Health, Inc. (A) | 18,737 | 1,738,419 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK SMALL CAP VALUE FUND | 11 |
Shares | Value | ||||
Industrials 23.1% | $188,740,937 | ||||
Aerospace and defense 1.1% | |||||
Hexcel Corp. (A) | 159,326 | 9,035,377 | |||
Building products 3.1% | |||||
American Woodmark Corp. (A) | 128,813 | 9,076,164 | |||
Tyman PLC | 2,790,282 | 15,940,593 | |||
Commercial services and supplies 4.3% | |||||
ACCO Brands Corp. | 1,079,798 | 10,117,707 | |||
BrightView Holdings, Inc. (A) | 479,759 | 7,354,705 | |||
Clean Harbors, Inc. (A) | 27,681 | 2,840,624 | |||
SP Plus Corp. (A) | 240,943 | 7,804,144 | |||
UniFirst Corp. | 31,388 | 7,190,049 | |||
Construction and engineering 1.0% | |||||
Primoris Services Corp. | 317,220 | 8,152,554 | |||
Electrical equipment 0.9% | |||||
Thermon Group Holdings, Inc. (A) | 446,300 | 7,453,210 | |||
Machinery 5.2% | |||||
Albany International Corp., Class A | 70,577 | 5,528,296 | |||
Luxfer Holdings PLC | 538,879 | 11,505,067 | |||
Mueller Industries, Inc. | 189,142 | 8,437,625 | |||
TriMas Corp. (A) | 519,933 | 16,695,049 | |||
Professional services 6.4% | |||||
CBIZ, Inc. (A) | 348,657 | 11,892,690 | |||
Forrester Research, Inc. (A) | 154,373 | 7,340,436 | |||
Huron Consulting Group, Inc. (A) | 237,192 | 11,710,169 | |||
ICF International, Inc. | 113,297 | 10,611,397 | |||
Science Applications International Corp. | 132,033 | 11,121,140 | |||
Trading companies and distributors 1.1% | |||||
GATX Corp. | 97,447 | 8,933,941 | |||
Information technology 7.5% | 61,494,632 | ||||
Electronic equipment, instruments and components 3.3% | |||||
Belden, Inc. | 284,920 | 16,311,670 | |||
CTS Corp. | 311,878 | 10,940,680 | |||
IT services 2.0% | |||||
ExlService Holdings, Inc. (A) | 55,860 | 6,878,600 | |||
WNS Holdings, Ltd., ADR (A) | 110,938 | 9,201,198 | |||
Semiconductors and semiconductor equipment 0.2% | |||||
Onto Innovation, Inc. (A) | 21,076 | 1,562,364 | |||
Software 2.0% | |||||
CDK Global, Inc. | 209,137 | 8,700,099 | |||
Progress Software Corp. | 169,674 | 7,900,021 |
12 | JOHN HANCOCK SMALL CAP VALUE FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Materials 7.3% | $59,579,129 | ||||
Chemicals 4.9% | |||||
Axalta Coating Systems, Ltd. (A) | 67,740 | 2,068,780 | |||
Element Solutions, Inc. | 702,826 | 15,975,235 | |||
HB Fuller Company | 104,322 | 7,049,038 | |||
Orion Engineered Carbons SA (A) | 562,050 | 9,931,424 | |||
Stepan Company | 39,911 | 4,691,937 | |||
Containers and packaging 0.5% | |||||
Sealed Air Corp. | 67,791 | 4,137,285 | |||
Paper and forest products 1.9% | |||||
Louisiana-Pacific Corp. | 45,673 | 2,897,495 | |||
Neenah, Inc. | 254,573 | 12,827,935 | |||
Real estate 9.3% | 75,972,040 | ||||
Equity real estate investment trusts 9.3% | |||||
Alexander & Baldwin, Inc. | 573,137 | 11,967,101 | |||
Brandywine Realty Trust | 749,175 | 10,398,549 | |||
Corporate Office Properties Trust | 209,101 | 5,892,466 | |||
Lexington Realty Trust | 505,822 | 6,843,772 | |||
Physicians Realty Trust | 569,593 | 10,543,166 | |||
Piedmont Office Realty Trust, Inc., Class A | 562,409 | 10,022,128 | |||
PotlatchDeltic Corp. | 124,936 | 6,490,425 | |||
RPT Realty | 1,067,576 | 13,814,433 | |||
Utilities 4.1% | 33,313,822 | ||||
Electric utilities 1.7% | |||||
Portland General Electric Company | 275,180 | 14,130,493 | |||
Gas utilities 2.4% | |||||
New Jersey Resources Corp. | 199,202 | 7,438,203 | |||
Spire, Inc. | 122,522 | 8,172,217 | |||
UGI Corp. | 77,152 | 3,572,909 | |||
Par value^ | Value | ||||
Short-term investments 2.7% | $22,100,000 | ||||
(Cost $22,100,000) | |||||
Repurchase agreement 2.7% | 22,100,000 | ||||
Deutsche Bank Tri-Party Repurchase Agreement dated 8-31-21 at 0.050% to be repurchased at $22,100,031 on 9-1-21, collateralized by $22,544,900 U.S. Treasury Bills, 0.000% due 11-1-21 to 12-14-21 (valued at $22,542,043) | 22,100,000 | 22,100,000 |
Total investments (Cost $562,947,634) 99.7% | $814,730,758 | ||||
Other assets and liabilities, net 0.3% | 2,415,234 | ||||
Total net assets 100.0% | $817,145,992 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK SMALL CAP VALUE FUND | 13 |
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 | |
ADR | American Depositary Receipt |
(A) | Non-income producing security. |
14 | JOHN HANCOCK SMALL CAP VALUE FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Assets | |
Unaffiliated investments, at value (Cost $562,947,634) | $814,730,758 |
Cash | 35,960 |
Foreign currency, at value (Cost $65) | 64 |
Dividends and interest receivable | 1,745,685 |
Receivable for fund shares sold | 370,853 |
Receivable for investments sold | 592,330 |
Other assets | 44,297 |
Total assets | 817,519,947 |
Liabilities | |
Payable for fund shares repurchased | 169,804 |
Payable to affiliates | |
Investment management fees | 87 |
Accounting and legal services fees | 31,709 |
Transfer agent fees | 9,378 |
Trustees’ fees | 208 |
Other liabilities and accrued expenses | 162,769 |
Total liabilities | 373,955 |
Net assets | $817,145,992 |
Net assets consist of | |
Paid-in capital | $516,404,033 |
Total distributable earnings (loss) | 300,741,959 |
Net assets | $817,145,992 |
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 ($36,499,533 ÷ 1,515,008 shares)1 | $24.09 |
Class I ($60,542,945 ÷ 2,505,086 shares) | $24.17 |
Class R6 ($24,774,384 ÷ 1,024,227 shares) | $24.19 |
Class NAV ($695,329,130 ÷ 28,770,125 shares) | $24.17 |
Maximum offering price per share | |
Class A (net asset value per share ÷ 95%)2 | $25.36 |
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 | ANNUAL REPORT | JOHN HANCOCK Small Cap Value Fund | 15 |
Investment income | |
Dividends | $11,915,577 |
Interest | 10,114 |
Securities lending | 4,721 |
Total investment income | 11,930,412 |
Expenses | |
Investment management fees | 7,101,763 |
Distribution and service fees | 88,980 |
Accounting and legal services fees | 110,834 |
Transfer agent fees | 103,277 |
Trustees’ fees | 13,274 |
Custodian fees | 86,687 |
State registration fees | 54,967 |
Printing and postage | 49,793 |
Professional fees | 74,046 |
Other | 33,032 |
Total expenses | 7,716,653 |
Less expense reductions | (174,912) |
Net expenses | 7,541,741 |
Net investment income | 4,388,671 |
Realized and unrealized gain (loss) | |
Net realized gain (loss) on | |
Unaffiliated investments and foreign currency transactions | 66,921,327 |
Affiliated investments | 7,776 |
66,929,103 | |
Change in net unrealized appreciation (depreciation) of | |
Unaffiliated investments and translation of assets and liabilities in foreign currencies | 226,901,517 |
Affiliated investments | (9,619) |
226,891,898 | |
Net realized and unrealized gain | 293,821,001 |
Increase in net assets from operations | $298,209,672 |
16 | JOHN HANCOCK Small Cap Value Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Year ended 8-31-21 | Year ended 8-31-20 | |
Increase (decrease) in net assets | ||
From operations | ||
Net investment income | $4,388,671 | $3,379,922 |
Net realized gain (loss) | 66,929,103 | (5,959,002) |
Change in net unrealized appreciation (depreciation) | 226,891,898 | (36,122,637) |
Increase (decrease) in net assets resulting from operations | 298,209,672 | (38,701,717) |
Distributions to shareholders | ||
From earnings | ||
Class A | (16,630) | (1,163,817) |
Class I | (162,763) | (4,209,273) |
Class R6 | (62,306) | (428,294) |
Class NAV | (2,647,099) | (19,106,751) |
Total distributions | (2,888,798) | (24,908,135) |
From fund share transactions | (94,645,981) | 75,954,637 |
Total increase | 200,674,893 | 12,344,785 |
Net assets | ||
Beginning of year | 616,471,099 | 604,126,314 |
End of year | $817,145,992 | $616,471,099 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Small Cap Value Fund | 17 |
CLASS A SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $16.01 | $19.54 | $23.06 | $20.15 | $20.18 |
Net investment income1 | 0.04 | 0.04 | 0.12 | 0.03 | 0.142 |
Net realized and unrealized gain (loss) on investments | 8.05 | (2.78) | (2.83) | 4.00 | 0.80 |
Total from investment operations | 8.09 | (2.74) | (2.71) | 4.03 | 0.94 |
Less distributions | |||||
From net investment income | (0.01) | (0.12) | (0.07) | (0.11) | (0.06) |
From net realized gain | — | (0.67) | (0.74) | (1.01) | (0.91) |
Total distributions | (0.01) | (0.79) | (0.81) | (1.12) | (0.97) |
Net asset value, end of period | $24.09 | $16.01 | $19.54 | $23.06 | $20.15 |
Total return (%)3,4 | 50.56 | (15.04) | (11.28) | 20.52 | 4.37 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $36 | $22 | $31 | $45 | $59 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 1.41 | 1.47 | 1.46 | 1.50 | 1.52 |
Expenses including reductions | 1.39 | 1.46 | 1.46 | 1.49 | 1.52 |
Net investment income | 0.20 | 0.24 | 0.60 | 0.14 | 0.692 |
Portfolio turnover (%) | 34 | 46 | 29 | 25 | 26 |
1 | Based on average daily shares outstanding. |
2 | Net investment income (loss) per share and ratio of net investment income (loss) to average net assets reflect a special dividend received by the fund, which amounted to $0.12 and 0.57%, respectively. |
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. |
18 | JOHN HANCOCK Small Cap Value Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS I SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $16.05 | $19.58 | $23.13 | $20.20 | $20.22 |
Net investment income1 | 0.11 | 0.09 | 0.18 | 0.09 | 0.202 |
Net realized and unrealized gain (loss) on investments | 8.07 | (2.77) | (2.86) | 4.03 | 0.82 |
Total from investment operations | 8.18 | (2.68) | (2.68) | 4.12 | 1.02 |
Less distributions | |||||
From net investment income | (0.06) | (0.18) | (0.13) | (0.18) | (0.13) |
From net realized gain | — | (0.67) | (0.74) | (1.01) | (0.91) |
Total distributions | (0.06) | (0.85) | (0.87) | (1.19) | (1.04) |
Net asset value, end of period | $24.17 | $16.05 | $19.58 | $23.13 | $20.20 |
Total return (%)3 | 51.06 | (14.77) | (11.08) | 20.93 | 4.70 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $61 | $72 | $93 | $108 | $99 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 1.11 | 1.17 | 1.18 | 1.20 | 1.21 |
Expenses including reductions | 1.08 | 1.16 | 1.17 | 1.20 | 1.20 |
Net investment income | 0.53 | 0.53 | 0.91 | 0.42 | 0.962 |
Portfolio turnover (%) | 34 | 46 | 29 | 25 | 26 |
1 | Based on average daily shares outstanding. |
2 | Net investment income (loss) per share and ratio of net investment income (loss) to average net assets reflect a special dividend received by the fund, which amounted to $0.12 and 0.57%, respectively. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Small Cap Value Fund | 19 |
CLASS R6 SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $16.06 | $19.59 | $23.14 | $20.21 | $20.23 |
Net investment income1 | 0.13 | 0.11 | 0.20 | 0.11 | 0.172 |
Net realized and unrealized gain (loss) on investments | 8.08 | (2.77) | (2.85) | 4.03 | 0.86 |
Total from investment operations | 8.21 | (2.66) | (2.65) | 4.14 | 1.03 |
Less distributions | |||||
From net investment income | (0.08) | (0.20) | (0.16) | (0.20) | (0.14) |
From net realized gain | — | (0.67) | (0.74) | (1.01) | (0.91) |
Total distributions | (0.08) | (0.87) | (0.90) | (1.21) | (1.05) |
Net asset value, end of period | $24.19 | $16.06 | $19.59 | $23.14 | $20.21 |
Total return (%)3 | 51.22 | (14.69) | (10.95) | 21.03 | 4.78 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $25 | $12 | $10 | $14 | $1 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 1.00 | 1.05 | 1.06 | 1.10 | 1.12 |
Expenses including reductions | 0.98 | 1.04 | 1.06 | 1.09 | 1.11 |
Net investment income | 0.60 | 0.63 | 1.00 | 0.50 | 0.832 |
Portfolio turnover (%) | 34 | 46 | 29 | 25 | 26 |
1 | Based on average daily shares outstanding. |
2 | Net investment income (loss) per share and ratio of net investment income (loss) to average net assets reflect a special dividend received by the fund, which amounted to $0.12 and 0.57%, respectively. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
20 | JOHN HANCOCK Small Cap Value Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS NAV SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $16.05 | $19.57 | $23.12 | $20.20 | $20.22 |
Net investment income1 | 0.13 | 0.11 | 0.21 | 0.11 | 0.222 |
Net realized and unrealized gain (loss) on investments | 8.07 | (2.76) | (2.86) | 4.02 | 0.82 |
Total from investment operations | 8.20 | (2.65) | (2.65) | 4.13 | 1.04 |
Less distributions | |||||
From net investment income | (0.08) | (0.20) | (0.16) | (0.20) | (0.15) |
From net realized gain | — | (0.67) | (0.74) | (1.01) | (0.91) |
Total distributions | (0.08) | (0.87) | (0.90) | (1.21) | (1.06) |
Net asset value, end of period | $24.17 | $16.05 | $19.57 | $23.12 | $20.20 |
Total return (%)3 | 51.20 | (14.64) | (10.95) | 21.01 | 4.80 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $695 | $510 | $470 | $365 | $285 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.99 | 1.04 | 1.05 | 1.09 | 1.10 |
Expenses including reductions | 0.97 | 1.03 | 1.04 | 1.08 | 1.10 |
Net investment income | 0.60 | 0.63 | 1.07 | 0.52 | 1.022 |
Portfolio turnover (%) | 34 | 46 | 29 | 25 | 26 |
1 | Based on average daily shares outstanding. |
2 | Net investment income (loss) per share and ratio of net investment income (loss) to average net assets reflect a special dividend received by the fund, which amounted to $0.12 and 0.57%, respectively. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Small Cap Value Fund | 21 |
22 | JOHN HANCOCK Small Cap Value Fund | ANNUAL REPORT |
Total value at 8-31-21 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
Common stocks | ||||
Communication services | $258,230 | $258,230 | — | — |
Consumer discretionary | 52,259,998 | 52,259,998 | — | — |
Consumer staples | 46,142,000 | 28,763,635 | $17,378,365 | — |
Energy | 25,027,014 | 25,027,014 | — | — |
Financials | 190,743,692 | 190,743,692 | — | — |
Health care | 59,099,264 | 59,099,264 | — | — |
Industrials | 188,740,937 | 172,800,344 | 15,940,593 | — |
Information technology | 61,494,632 | 61,494,632 | — | — |
Materials | 59,579,129 | 59,579,129 | — | — |
Real estate | 75,972,040 | 75,972,040 | — | — |
Utilities | 33,313,822 | 33,313,822 | — | — |
Short-term investments | 22,100,000 | — | 22,100,000 | — |
Total investments in securities | $814,730,758 | $759,311,800 | $55,418,958 | — |
ANNUAL REPORT | JOHN HANCOCK Small Cap Value Fund | 23 |
24 | JOHN HANCOCK Small Cap Value Fund | ANNUAL REPORT |
August 31, 2021 | August 31, 2020 | |
Ordinary income | $2,888,798 | $8,954,016 |
Long-term capital gains | — | 15,954,119 |
Total | $2,888,798 | $24,908,135 |
ANNUAL REPORT | JOHN HANCOCK Small Cap Value Fund | 25 |
26 | JOHN HANCOCK Small Cap Value Fund | ANNUAL REPORT |
Class | Expense reduction |
Class A | $6,832 |
Class I | 13,754 |
Class R6 | 4,232 |
Class | Expense reduction |
Class NAV | $150,094 |
Total | $174,912 |
Class | Rule 12b-1 Fee |
Class A | 0.30% |
ANNUAL REPORT | JOHN HANCOCK Small Cap Value Fund | 27 |
Class | Distribution and service fees | Transfer agent fees |
Class A | $88,980 | $34,117 |
Class I | — | 67,324 |
Class R6 | — | 1,836 |
Total | $88,980 | $103,277 |
Borrower or Lender | Weighted Average Loan Balance | Days Outstanding | Weighted Average Interest Rate | Interest Income (Expense) |
Lender | $10,780,000 | 5 | 0.662% | $991 |
Year Ended 8-31-21 | Year Ended 8-31-20 | |||
Shares | Amount | Shares | Amount | |
Class A shares | ||||
Sold | 437,184 | $9,574,057 | 330,347 | $5,444,708 |
Distributions reinvested | 829 | 16,487 | 54,079 | 1,154,043 |
Repurchased | (324,512) | (6,418,244) | (562,667) | (9,732,857) |
Net increase (decrease) | 113,501 | $3,172,300 | (178,241) | $(3,134,106) |
Class I shares | ||||
Sold | 382,404 | $7,935,044 | 1,993,835 | $33,497,858 |
Distributions reinvested | 8,164 | 162,622 | 196,142 | 4,187,626 |
Repurchased | (2,386,923) | (39,754,342) | (2,450,025) | (42,272,561) |
Net decrease | (1,996,355) | $(31,656,676) | (260,048) | $(4,587,077) |
Class R6 shares | ||||
Sold | 498,192 | $10,835,905 | 423,632 | $6,821,703 |
Distributions reinvested | 3,065 | 61,047 | 20,061 | 428,294 |
Repurchased | (220,743) | (4,578,495) | (202,539) | (3,533,003) |
Net increase | 280,514 | $6,318,457 | 241,154 | $3,716,994 |
28 | JOHN HANCOCK Small Cap Value Fund | ANNUAL REPORT |
Year Ended 8-31-21 | Year Ended 8-31-20 | |||
Shares | Amount | Shares | Amount | |
Class NAV shares | ||||
Sold | 4,630,551 | $91,395,924 | 14,321,753 | $210,070,048 |
Distributions reinvested | 132,953 | 2,647,099 | 895,769 | 19,106,751 |
Repurchased | (7,764,839) | (166,523,085) | (7,466,553) | (149,217,973) |
Net increase (decrease) | (3,001,335) | $(72,480,062) | 7,750,969 | $79,958,826 |
Total net increase (decrease) | (4,603,675) | $(94,645,981) | 7,553,834 | $75,954,637 |
Fund | Affiliated Concentration |
John Hancock Funds II Multimanager Lifestyle Growth Portfolio | 30.4% |
John Hancock Funds II Multimanager Lifestyle Balanced Portfolio | 22.4% |
John Hancock Funds II Multimanager Lifestyle Aggressive Portfolio | 14.1% |
ANNUAL REPORT | JOHN HANCOCK Small Cap Value 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 |
John Hancock Collateral Trust* | — | $6,321,666 | $15,569,595 | $(21,889,418) | $7,776 | $(9,619) | $4,721 | — | — |
* | Refer to the Securities lending note within Note 2 for details regarding this investment. |
30 | JOHN HANCOCK Small Cap Value Fund | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK SMALL CAP VALUE FUND | 31 |
32 | JOHN HANCOCK SMALL CAP VALUE FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK SMALL CAP VALUE FUND | 33 |
(a) | the skills and competency with which the Advisor has in the past managed the Trust’s affairs and its subadvisory relationship, the Advisor’s oversight and monitoring of the Subadvisor’s investment performance and compliance programs, such as the Subadvisor’s compliance with fund policies and objectives, review of brokerage matters, including with respect to trade allocation and best execution and the Advisor’s timeliness in responding to performance issues; |
(b) | the background, qualifications and skills of the Advisor’s personnel; |
(c) | the Advisor’s compliance policies and procedures and its responsiveness to regulatory changes and fund industry developments; |
34 | JOHN HANCOCK SMALL CAP VALUE FUND | ANNUAL REPORT |
(d) | the Advisor’s administrative capabilities, including its ability to supervise the other service providers for the fund, as well as the Advisor’s oversight of any securities lending activity, its monitoring of class action litigation and collection of class action settlements on behalf of the fund, and bringing loss recovery actions on behalf of the fund; |
(e) | the financial condition of the Advisor and whether it has the financial wherewithal to provide a high level and quality of services to the fund; |
(f) | the Advisor’s initiatives intended to improve various aspects of the Trust’s operations and investor experience with the fund; and |
(g) | the Advisor’s reputation and experience in serving as an investment advisor to the Trust and the benefit to shareholders of investing in funds that are part of a family of funds offering a variety of investments. |
(a) | reviewed information prepared by management regarding the fund’s performance; |
(b) | considered the comparative performance of an applicable benchmark index; |
(c) | considered the performance of comparable funds, if any, as included in the report prepared by an independent third-party provider of fund data; and |
(d) | took into account the Advisor’s analysis of the fund’s performance and its plans and recommendations regarding the Trust’s subadvisory arrangements generally. |
ANNUAL REPORT | JOHN HANCOCK SMALL CAP VALUE FUND | 35 |
(a) | reviewed financial information of the Advisor; |
(b) | reviewed and considered information presented by the Advisor regarding the net profitability to the Advisor and its affiliates with respect to the fund; |
(c) | received and reviewed profitability information with respect to the John Hancock Fund Complex as a whole and with respect to the fund; |
(d) | received information with respect to the Advisor’s allocation methodologies used in preparing the profitability data and considered that the Advisor hired an independent third-party consultant to provide an analysis of the Advisor’s allocation methodologies; |
(e) | considered that the John Hancock insurance companies that are affiliates of the Advisor, as shareholders of the Trust directly or through their separate accounts, receive certain tax credits or deductions relating to foreign taxes paid and dividends received by certain funds of the Trust and noted that these tax benefits, which are not available to participants in qualified retirement plans under applicable income tax law, are reflected in the profitability information reviewed by the Board; |
(f) | considered that the Advisor also provides administrative services to the fund on a cost basis pursuant to an administrative services agreement; |
(g) | noted that affiliates of the Advisor provide transfer agency services and distribution services to the fund, and that the fund’s distributor also receives Rule 12b-1 payments to support distribution of the fund; |
(h) | noted that the Advisor also derives reputational and other indirect benefits from providing advisory services to the fund; |
(i) | noted that the subadvisory fee for the fund is paid by the Advisor and is negotiated at arm’s length; |
(j) | considered the Advisor’s ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the fund industry; and |
(k) | considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it provides to the fund and the risks that it assumes as Advisor, including entrepreneurial, operational, reputational, litigation and regulatory risk. |
36 | JOHN HANCOCK SMALL CAP VALUE FUND | ANNUAL REPORT |
(a) | considered that the Advisor has contractually agreed to waive a portion of its management fee for certain funds of the John Hancock Fund Complex, including the fund (the participating portfolios) or otherwise reimburse the expenses of the participating portfolios (the reimbursement). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund; |
(b) | reviewed the fund’s advisory fee structure and concluded that: (i) the fund’s fee structure contains breakpoints at the subadvisory fee level and that such breakpoints are reflected as breakpoints in the advisory fees for the fund; and (ii) although economies of scale cannot be measured with precision, these arrangements permit shareholders of the fund to benefit from economies of scale if the fund grows. The Board also took into account management’s discussion of the fund’s advisory fee structure; and |
(c) | the Board also considered the effect of the fund’s growth in size on its performance and fees. The Board also noted that if the fund’s assets increase over time, the fund may realize other economies of scale. |
(1) | information relating to the Subadvisor’s business, including current subadvisory services to the Trust (and other funds in the John Hancock Fund Complex); |
(2) | the historical and current performance of the fund and comparative performance information relating to an applicable benchmark index and comparable funds; |
(3) | the subadvisory fee for the fund and to the extent available, comparable fee information prepared by an independent third party provider of fund data; and |
(4) | information relating to the nature and scope of any material relationships and their significance to the Trust’s Advisor and Subadvisor. |
ANNUAL REPORT | JOHN HANCOCK SMALL CAP VALUE FUND | 37 |
(1) | the Subadvisor has extensive experience and demonstrated skills as a manager; |
(2) | the performance of the fund is being monitored and reasonably addressed, where appropriate; |
38 | JOHN HANCOCK SMALL CAP VALUE FUND | ANNUAL REPORT |
(3) | the subadvisory fee is reasonable in relation to the level and quality of services being provided under the Subadvisory Agreement; and |
(4) | noted that the subadvisory fees are paid by the Advisor not the fund and that the subadvisory fee breakpoints are reflected as breakpoints in the advisory fees for the fund in order to permit shareholders to benefit from economies of scale if the fund grows. |
ANNUAL REPORT | JOHN HANCOCK SMALL CAP VALUE FUND | 39 |
• | The Fund’s investment strategy remained appropriate for an open-end fund structure; |
• | The Fund was able to meet requests for redemption without significant dilution of remaining investors’ interests in the Fund; |
• | The Fund did not report any breaches of the 15% limit on illiquid investments that would require reporting to the Securities and Exchange Commission; |
• | The Fund continued to qualify as a Primarily Highly Liquid Fund under the Liquidity Rule and therefore is not required to establish a HLIM; and |
• | The Chief Compliance Officer’s office performed audit testing of the LRMP which resulted in an assessment that the LRMP’s control environment was deemed to be operating effectively and in compliance with the Board approved procedures. |
40 | JOHN HANCOCK SMALL CAP VALUE FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK SMALL CAP VALUE FUND | 41 |
Independent Trustees | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Hassell H. McClellan, Born: 1945 | 2005 | 190 |
Trustee and Chairperson of the Board | ||
Director/Trustee, Virtus Funds (2008-2020); Director, The Barnes Group (2010-2021); Associate Professor, The Wallace E. Carroll School of Management, Boston College (retired 2013). Trustee (since 2005) and Chairperson of the Board (since 2017) of various trusts within the John Hancock Fund Complex. | ||
Charles L. Bardelis,2 Born: 1941 | 2005 | 190 |
Trustee | ||
Director, Island Commuter Corp. (marine transport). Trustee of various trusts within the John Hancock Fund Complex (since 1988). | ||
James R. Boyle, Born: 1959 | 2015 | 190 |
Trustee | ||
Chief Executive Officer, Foresters Financial (since 2018); Chairman and Chief Executive Officer, Zillion Group, Inc. (formerly HealthFleet, Inc.) (healthcare) (2014-2018); Executive Vice President and Chief Executive Officer, U.S. Life Insurance Division of Genworth Financial, Inc. (insurance) (January 2014–July 2014); Senior Executive Vice President, Manulife Financial, President and Chief Executive Officer, John Hancock (1999–2012); Chairman and Director, John Hancock Investment Management LLC, John Hancock Investment Management Distributors LLC, and John Hancock Variable Trust Advisers LLC (2005–2010). Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015). | ||
Peter S. Burgess,2 Born: 1942 | 2005 | 190 |
Trustee | ||
Consultant (financial, accounting, and auditing matters) (since 1999); Certified Public Accountant; Partner, Arthur Andersen (independent public accounting firm) (prior to 1999); Director, Lincoln Educational Services Corporation (2004-2021); Director, Symetra Financial Corporation (2010–2016); Director, PMA Capital Corporation (2004–2010). Trustee of various trusts within the John Hancock Fund Complex (since 2005). | ||
William H. Cunningham, Born: 1944 | 2012 | 190 |
Trustee | ||
Professor, University of Texas, Austin, Texas (since 1971); former Chancellor, University of Texas System and former President of the University of Texas, Austin, Texas; Chairman (since 2009) and Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000); former Director, LIN Television (2009–2014). Trustee of various trusts within the John Hancock Fund Complex (since 1986). | ||
Grace K. Fey, Born: 1946 | 2008 | 190 |
Trustee | ||
Chief Executive Officer, Grace Fey Advisors (since 2007); Director and Executive Vice President, Frontier Capital Management Company (1988–2007); Director, Fiduciary Trust (since 2009). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |
42 | JOHN HANCOCK SMALL CAP VALUE FUND | ANNUAL REPORT |
Independent Trustees (continued) | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Deborah C. Jackson, Born: 1952 | 2012 | 190 |
Trustee | ||
President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Amwell Corporation (since 2020); Board of Directors, Massachusetts Women’s Forum (2018-2020); Board of Directors, National Association of Corporate Directors/New England (2015-2020); Board of Directors, Association of Independent Colleges and Universities of Massachusetts (2014-2017); Chief Executive Officer, American Red Cross of Massachusetts Bay (2002–2011); Board of Directors of Eastern Bank Corporation (since 2001); Board of Directors of Eastern Bank Charitable Foundation (since 2001); Board of Directors of American Student Assistance Corporation (1996–2009); Board of Directors of Boston Stock Exchange (2002–2008); Board of Directors of Harvard Pilgrim Healthcare (health benefits company) (2007–2011). Trustee of various trusts within the John Hancock Fund Complex (since 2008). | ||
Steven R. Pruchansky, Born: 1944 | 2012 | 190 |
Trustee and Vice Chairperson of the Board | ||
Managing Director, Pru Realty (since 2017); Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (2014-2020); Director and President, Greenscapes of Southwest Florida, Inc. (until 2000); Member, Board of Advisors, First American Bank (until 2010); Managing Director, Jon James, LLC (real estate) (since 2000); Partner, Right Funding, LLC (2014-2017); Director, First Signature Bank & Trust Company (until 1991); Director, Mast Realty Trust (until 1994); President, Maxwell Building Corp. (until 1991). Trustee (since 1992), Chairperson of the Board (2011–2012), and Vice Chairperson of the Board (since 2012) of various trusts within the John Hancock Fund Complex. | ||
Frances G. Rathke,2,* Born: 1960 | 2020 | 190 |
Trustee | ||
Board Member, Oatly Group AB (plant-based drink company) (since 2021): Director, Northern New England Energy Corporation (since 2017); Director, Audit Committee Chair and Compensation Committee Member, Green Mountain Power Corporation (since 2016); Director, Treasurer and Finance & Audit Committee Chair, Flynn Center for Performing Arts (since 2016); Director, Audit Committee Chair and Compensation Committee Member, Planet Fitness (since 2016); Director, Citizen Cider, Inc. (high-end hard cider and hard seltzer company) (since 2016); Chief Financial Officer and Treasurer, Keurig Green Mountain, Inc. (2003-retired 2015); Independent Financial Consultant, Frances Rathke Consulting (strategic and financial consulting services) (2001-2003); Chief Financial Officer and Secretary, Ben & Jerry’s Homemade, Inc. (1989-2000, including prior positions); Senior Manager, Coopers & Lybrand, LLC (independent public accounting firm) (1982-1989). Trustee of various trusts within the John Hancock Fund Complex (since 2020). | ||
Gregory A. Russo, Born: 1949 | 2012 | 190 |
Trustee | ||
Director and Audit Committee Chairman (2012-2020), and Member, Audit Committee and Finance Committee (2011-2020), NCH Healthcare System, Inc. (holding company for multi-entity healthcare system); Director and Member (2012-2018) and Finance Committee Chairman (2014-2018), The Moorings, Inc. (nonprofit continuing care community); Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); Vice Chairman, Industrial Markets, KPMG (1998–2002); Chairman and Treasurer, Westchester County, New York, Chamber of Commerce (1986–1992); Director, Treasurer, and Chairman of Audit and Finance Committees, Putnam Hospital Center (1989–1995); Director and Chairman of Fundraising Campaign, United Way of Westchester and Putnam Counties, New York (1990–1995). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |
ANNUAL REPORT | JOHN HANCOCK SMALL CAP VALUE FUND | 43 |
Non-Independent Trustees3 | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Andrew G. Arnott, Born: 1971 | 2017 | 190 |
President and Non-Independent Trustee | ||
Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (since 2018); Director and Executive Vice President, John Hancock Investment Management LLC (since 2005, including prior positions); Director and Executive Vice President, John Hancock Variable Trust Advisers LLC (since 2006, including prior positions); President, John Hancock Investment Management Distributors LLC (since 2004, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2017). | ||
Marianne Harrison, Born: 1963 | 2018 | 190 |
Non-Independent Trustee | ||
President and CEO, John Hancock (since 2017); President and CEO, Manulife Canadian Division (2013–2017); Member, Board of Directors, Boston Medical Center (since 2021); Member, Board of Directors, CAE Inc. (since 2019); Member, Board of Directors, MA Competitive Partnership Board (since 2018); Member, Board of Directors, American Council of Life Insurers (ACLI) (since 2018); Member, Board of Directors, Communitech, an industry-led innovation center that fosters technology companies in Canada (2017-2019); Member, Board of Directors, Manulife Assurance Canada (2015-2017); Board Member, St. Mary’s General Hospital Foundation (2014-2017); Member, Board of Directors, Manulife Bank of Canada (2013- 2017); Member, Standing Committee of the Canadian Life & Health Assurance Association (2013-2017); Member, Board of Directors, John Hancock USA, John Hancock Life & Health, John Hancock New York (2012–2013). Trustee of various trusts within the John Hancock Fund Complex (since 2018). |
Principal officers who are not Trustees | |
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years | Current Position(s) with the Trust since |
Charles A. Rizzo, Born: 1957 | 2007 |
Chief Financial Officer | |
Vice President, John Hancock Financial Services (since 2008); Senior Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2008); Chief Financial Officer of various trusts within the John Hancock Fund Complex (since 2007). | |
Salvatore Schiavone, Born: 1965 | 2009 |
Treasurer | |
Assistant Vice President, John Hancock Financial Services (since 2007); Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2007); Treasurer of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). | |
Christopher (Kit) Sechler, Born: 1973 | 2018 |
Secretary and Chief Legal Officer | |
Vice President and Deputy Chief Counsel, John Hancock Investment Management (since 2015); Assistant Vice President and Senior Counsel (2009–2015), John Hancock Investment Management; Assistant Secretary of John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2009); Chief Legal Officer and Secretary of various trusts within the John Hancock Fund Complex (since 2009, including prior positions). |
44 | JOHN HANCOCK SMALL CAP VALUE FUND | ANNUAL REPORT |
Principal officers who are not Trustees (continued) | |
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years | Current Position(s) with the Trust since |
Trevor Swanberg, Born: 1979 | 2020 |
Chief Compliance Officer | |
Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2020); Deputy Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2019–2020); Assistant Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2016–2019); Vice President, State Street Global Advisors (2015–2016); Chief Compliance Officer of various trusts within the John Hancock Fund Complex (since 2016, including prior positions). |
1 | Each Trustee holds office until his or her successor is elected and qualified, or until the Trustee’s death, retirement, resignation, or removal. Mr. Boyle has served as Trustee at various times prior to the date listed in the table. |
2 | Member of the Audit Committee. |
3 | The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates. |
* | Appointed as Independent Trustee effective as of September 15, 2020. |
ANNUAL REPORT | JOHN HANCOCK SMALL CAP VALUE FUND | 45 |
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
Frances G. Rathke*,1
Gregory A. Russo
President
Chief Financial Officer
Treasurer
Secretary and Chief Legal Officer
Chief Compliance Officer
Timothy J. McCormack, CFA
Shaun F. Pedersen
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 |
46 | JOHN HANCOCK SMALL CAP VALUE FUND | ANNUAL REPORT |
GOVERNANCE FUNDS
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
MF1823047 | 439A 8/21 |
President and CEO,
John Hancock Investment Management
Head of Wealth and Asset Management,
United States and Europe
ANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL GLOBAL FRANCHISE FUND | 1 |
2 | JOHN HANCOCK FUNDAMENTAL GLOBAL FRANCHISE FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL GLOBAL FRANCHISE FUND | 3 |
TOP 10 HOLDINGS AS OF 8/31/2021 (% of net assets) | |
Amazon.com, Inc. | 8.3 |
eBay, Inc. | 7.4 |
Danone SA | 6.0 |
Heineken Holding NV | 5.9 |
Anheuser-Busch InBev SA/NV | 5.2 |
Cie Financiere Richemont SA, A Shares | 5.1 |
Ferrari NV | 3.9 |
Liberty Media Corp.-Liberty Formula One, Series A | 3.8 |
American Tower Corp. | 3.5 |
Walmart, Inc. | 3.1 |
TOTAL | 52.2 |
Cash and cash equivalents are not included. |
COUNTRY COMPOSITION AS OF 8/31/2021 (% of net assets) | |
United States | 55.5 |
Netherlands | 8.6 |
France | 8.1 |
Italy | 6.6 |
United Kingdom | 6.5 |
Switzerland | 6.3 |
Belgium | 5.2 |
Spain | 2.1 |
Japan | 1.1 |
TOTAL | 100.0 |
4 | JOHN HANCOCK FUNDAMENTAL GLOBAL FRANCHISE FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL GLOBAL FRANCHISE FUND | 5 |
Average annual total returns (%) with maximum sales charge | Cumulative total returns (%) with maximum sales charge | ||||
1-year | 5-year | Since inception (6-29-12) | 5-year | Since inception (6-29-12) | |
Class A | 22.51 | 10.97 | 12.14 | 68.25 | 186.24 |
Class I1 | 29.39 | 12.46 | 13.15 | 79.85 | 210.65 |
Class R61,2 | 29.48 | 12.53 | 13.00 | 80.46 | 207.02 |
Class NAV1 | 29.49 | 12.59 | 13.28 | 80.96 | 213.92 |
Index† | 29.76 | 14.83 | 13.17 | 99.67 | 211.12 |
Class A | Class I | Class R6 | Class NAV | |
Gross (%) | 1.32 | 1.02 | 0.90 | 0.89 |
Net (%) | 1.31 | 1.01 | 0.89 | 0.88 |
6 | JOHN HANCOCK FUNDAMENTAL GLOBAL FRANCHISE FUND | ANNUAL REPORT |
Start date | With maximum sales charge ($) | Without sales charge ($) | Index ($) | |
Class I1 | 6-29-12 | 31,065 | 31,065 | 31,112 |
Class R61,2 | 6-29-12 | 30,702 | 30,702 | 31,112 |
Class NAV1 | 6-29-12 | 31,392 | 31,392 | 31,112 |
1 | For certain types of investors, as described in the fund’s prospectuses. |
2 | Class R6 shares were first offered on 2-13-17. Returns prior to this date are those of Class A shares that have not been adjusted for class-specific expenses; otherwise, returns would vary. |
ANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL GLOBAL FRANCHISE FUND | 7 |
8 | JOHN HANCOCK FUNDAMENTAL GLOBAL FRANCHISE FUND | ANNUAL REPORT |
Account value on 3-1-2021 | Ending value on 8-31-2021 | Expenses paid during period ended 8-31-20211 | Annualized expense ratio | ||
Class A | Actual expenses/actual returns | $1,000.00 | $1,164.90 | $7.04 | 1.29% |
Hypothetical example | 1,000.00 | 1,018.70 | 6.56 | 1.29% | |
Class I | Actual expenses/actual returns | 1,000.00 | 1,166.90 | 5.41 | 0.99% |
Hypothetical example | 1,000.00 | 1,020.20 | 5.04 | 0.99% | |
Class R6 | Actual expenses/actual returns | 1,000.00 | 1,167.50 | 4.81 | 0.88% |
Hypothetical example | 1,000.00 | 1,020.80 | 4.48 | 0.88% | |
Class NAV | Actual expenses/actual returns | 1,000.00 | 1,167.50 | 4.75 | 0.87% |
Hypothetical example | 1,000.00 | 1,020.80 | 4.43 | 0.87% |
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). |
ANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL GLOBAL FRANCHISE FUND | 9 |
Shares | Value | ||||
Common stocks 95.7% | $497,453,866 | ||||
(Cost $325,305,069) | |||||
Belgium 5.2% | 27,215,426 | ||||
Anheuser-Busch InBev SA/NV | 443,738 | 27,215,426 | |||
France 8.1% | 42,047,182 | ||||
Danone SA | 428,315 | 31,278,014 | |||
Sodexo SA (A) | 129,967 | 10,769,168 | |||
Italy 6.6% | 34,444,341 | ||||
Ferrari NV | 94,616 | 20,569,518 | |||
Salvatore Ferragamo SpA (A) | 679,310 | 13,874,823 | |||
Japan 1.1% | 5,610,248 | ||||
Asics Corp. | 264,700 | 5,610,248 | |||
Netherlands 8.6% | 44,755,556 | ||||
EXOR NV | 171,167 | 14,281,042 | |||
Heineken Holding NV | 328,525 | 30,474,514 | |||
Spain 2.1% | 11,092,848 | ||||
Cellnex Telecom SA (A)(B) | 162,062 | 11,092,848 | |||
Switzerland 6.2% | 32,082,757 | ||||
Cie Financiere Richemont SA, A Shares | 241,102 | 26,610,725 | |||
Dufry AG (A) | 101,486 | 5,472,032 | |||
United Kingdom 6.5% | 33,733,062 | ||||
Associated British Foods PLC | 300,232 | 8,186,139 | |||
Diageo PLC | 157,559 | 7,574,305 | |||
GlaxoSmithKline PLC | 680,948 | 13,697,723 | |||
Unilever PLC | 76,776 | 4,274,895 | |||
United States 51.3% | 266,472,446 | ||||
Alnylam Pharmaceuticals, Inc. (A) | 51,462 | 10,365,991 | |||
Alphabet, Inc., Class A (A) | 2,546 | 7,367,997 | |||
Amazon.com, Inc. (A) | 12,468 | 43,273,809 | |||
American Tower Corp. | 62,978 | 18,400,282 | |||
Berkshire Hathaway, Inc., Class B (A) | 28,792 | 8,227,890 | |||
CarGurus, Inc. (A) | 214,232 | 6,508,368 | |||
Comcast Corp., Class A | 206,051 | 12,503,175 | |||
eBay, Inc. | 499,372 | 38,321,807 | |||
Facebook, Inc., Class A (A) | 29,314 | 11,121,145 | |||
Hologic, Inc. (A) | 97,786 | 7,739,762 | |||
Liberty Media Corp.-Liberty Formula One, Series A (A) | 437,166 | 19,974,115 | |||
Liberty Media Corp.-Liberty Formula One, Series C (A) | 149,928 | 7,577,361 | |||
Moderna, Inc. (A) | 37,391 | 14,084,816 |
10 | JOHN HANCOCK FUNDAMENTAL GLOBAL FRANCHISE FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
United States (continued) | |||||
Oracle Corp. | 136,973 | $12,208,403 | |||
Post Holdings, Inc. (A) | 142,294 | 15,924,122 | |||
The Hain Celestial Group, Inc. (A) | 180,456 | 6,750,859 | |||
UnitedHealth Group, Inc. | 24,059 | 10,015,040 | |||
Walmart, Inc. | 108,761 | 16,107,504 | |||
Warrants 0.1% | $299,639 | ||||
(Cost $0) | |||||
Cie Financiere Richemont SA (Expiration Date: 11-22-23; Strike Price: CHF 67.00) (A) | 583,817 | 299,639 | |||
Yield (%) | Shares | Value | |||
Short-term investments 3.9% | $20,501,946 | ||||
(Cost $20,501,946) | |||||
Short-term funds 3.9% | 20,501,946 | ||||
JPMorgan U.S. Treasury Plus Money Market Fund, Institutional Class | 0.0100(C) | 20,501,946 | 20,501,946 |
Total investments (Cost $345,807,015) 99.7% | $518,255,451 | ||||
Other assets and liabilities, net 0.3% | 1,642,251 | ||||
Total net assets 100.0% | $519,897,702 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | |
Currency Abbreviations | |
CHF | Swiss Franc |
Security Abbreviations and Legend | |
(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) | The rate shown is the annualized seven-day yield as of 8-31-21. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL GLOBAL FRANCHISE FUND | 11 |
Assets | |
Unaffiliated investments, at value (Cost $345,807,015) | $518,255,451 |
Foreign currency, at value (Cost $312,407) | 313,288 |
Dividends and interest receivable | 1,149,218 |
Receivable for fund shares sold | 323,082 |
Receivable for investments sold | 1,153,576 |
Other assets | 41,830 |
Total assets | 521,236,445 |
Liabilities | |
Payable for investments purchased | 1,098,917 |
Payable for fund shares repurchased | 100,835 |
Payable to affiliates | |
Accounting and legal services fees | 20,239 |
Transfer agent fees | 9,726 |
Trustees’ fees | 135 |
Other liabilities and accrued expenses | 108,891 |
Total liabilities | 1,338,743 |
Net assets | $519,897,702 |
Net assets consist of | |
Paid-in capital | $314,308,865 |
Total distributable earnings (loss) | 205,588,837 |
Net assets | $519,897,702 |
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 ($6,628,481 ÷ 462,103 shares)1 | $14.34 |
Class I ($94,373,754 ÷ 6,522,701 shares) | $14.47 |
Class R6 ($12,540,377 ÷ 864,999 shares) | $14.50 |
Class NAV ($406,355,090 ÷ 28,024,018 shares) | $14.50 |
Maximum offering price per share | |
Class A (net asset value per share ÷ 95%)2 | $15.09 |
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. |
12 | JOHN HANCOCK FUNDAMENTAL GLOBAL FRANCHISE FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Investment income | |
Dividends | $4,882,162 |
Interest | 3,602 |
Less foreign taxes withheld | (361,001) |
Total investment income | 4,524,763 |
Expenses | |
Investment management fees | 3,909,395 |
Distribution and service fees | 17,310 |
Accounting and legal services fees | 70,893 |
Transfer agent fees | 105,042 |
Trustees’ fees | 8,746 |
Custodian fees | 141,764 |
State registration fees | 63,729 |
Printing and postage | 23,180 |
Professional fees | 71,543 |
Other | 30,996 |
Total expenses | 4,442,598 |
Less expense reductions | (41,387) |
Net expenses | 4,401,211 |
Net investment income | 123,552 |
Realized and unrealized gain (loss) | |
Net realized gain (loss) on | |
Unaffiliated investments and foreign currency transactions | 37,567,702 |
37,567,702 | |
Change in net unrealized appreciation (depreciation) of | |
Unaffiliated investments and translation of assets and liabilities in foreign currencies | 89,807,284 |
89,807,284 | |
Net realized and unrealized gain | 127,374,986 |
Increase in net assets from operations | $127,498,538 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL GLOBAL FRANCHISE FUND | 13 |
Year ended 8-31-21 | Year ended 8-31-20 | |
Increase (decrease) in net assets | ||
From operations | ||
Net investment income | $123,552 | $1,371,024 |
Net realized gain | 37,567,702 | 43,435,705 |
Change in net unrealized appreciation (depreciation) | 89,807,284 | (12,067,837) |
Increase in net assets resulting from operations | 127,498,538 | 32,738,892 |
Distributions to shareholders | ||
From earnings | ||
Class A | (420,778) | (299,153) |
Class I | (6,291,435) | (1,973,680) |
Class R6 | (904,215) | (497,140) |
Class NAV | (27,413,916) | (26,399,740) |
Total distributions | (35,030,344) | (29,169,713) |
From fund share transactions | (13,143,224) | (50,343,529) |
Total increase (decrease) | 79,324,970 | (46,774,350) |
Net assets | ||
Beginning of year | 440,572,732 | 487,347,082 |
End of year | $519,897,702 | $440,572,732 |
14 | JOHN HANCOCK FUNDAMENTAL GLOBAL FRANCHISE FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS A SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $12.02 | $11.91 | $13.03 | $14.21 | $13.78 |
Net investment income (loss)1 | (0.05) | (0.01) | 0.02 | 0.05 | 0.05 |
Net realized and unrealized gain (loss) on investments | 3.37 | 0.86 | 0.26 | 0.84 | 1.68 |
Total from investment operations | 3.32 | 0.85 | 0.28 | 0.89 | 1.73 |
Less distributions | |||||
From net investment income | — | (0.05) | (0.02) | (0.08) | (0.04) |
From net realized gain | (1.00) | (0.69) | (1.38) | (1.99) | (1.26) |
Total distributions | (1.00) | (0.74) | (1.40) | (2.07) | (1.30) |
Net asset value, end of period | $14.34 | $12.02 | $11.91 | $13.03 | $14.21 |
Total return (%)2,3 | 28.93 | 7.34 | 4.61 | 6.80 | 14.58 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $7 | $5 | $5 | $3 | $1 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 1.30 | 1.32 | 1.31 | 1.29 | 1.28 |
Expenses including reductions | 1.29 | 1.31 | 1.30 | 1.28 | 1.27 |
Net investment income (loss) | (0.38) | (0.09) | 0.20 | 0.41 | 0.34 |
Portfolio turnover (%) | 34 | 49 | 26 | 40 | 54 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
3 | Does not reflect the effect of sales charges, if any. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL GLOBAL FRANCHISE FUND | 15 |
CLASS I SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $12.08 | $11.97 | $13.10 | $14.28 | $13.84 |
Net investment income (loss)1 | (0.01) | 0.03 | 0.09 | 0.07 | 0.10 |
Net realized and unrealized gain (loss) on investments | 3.40 | 0.86 | 0.22 | 0.86 | 1.68 |
Total from investment operations | 3.39 | 0.89 | 0.31 | 0.93 | 1.78 |
Less distributions | |||||
From net investment income | — | (0.09) | (0.06) | (0.12) | (0.08) |
From net realized gain | (1.00) | (0.69) | (1.38) | (1.99) | (1.26) |
Total distributions | (1.00) | (0.78) | (1.44) | (2.11) | (1.34) |
Net asset value, end of period | $14.47 | $12.08 | $11.97 | $13.10 | $14.28 |
Total return (%)2 | 29.39 | 7.60 | 4.90 | 7.10 | 14.97 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $94 | $75 | $31 | $5 | $4 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 1.00 | 1.02 | 1.01 | 1.00 | 0.97 |
Expenses including reductions | 0.99 | 1.01 | 1.01 | 0.99 | 0.96 |
Net investment income (loss) | (0.08) | 0.27 | 0.77 | 0.56 | 0.74 |
Portfolio turnover (%) | 34 | 49 | 26 | 40 | 54 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
16 | JOHN HANCOCK FUNDAMENTAL GLOBAL FRANCHISE FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS R6 SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-171 |
Per share operating performance | |||||
Net asset value, beginning of period | $12.10 | $11.98 | $13.11 | $14.29 | $12.32 |
Net investment income2 | —3 | 0.04 | 0.08 | 0.13 | 0.09 |
Net realized and unrealized gain (loss) on investments | 3.41 | 0.87 | 0.24 | 0.81 | 1.88 |
Total from investment operations | 3.41 | 0.91 | 0.32 | 0.94 | 1.97 |
Less distributions | |||||
From net investment income | (0.01) | (0.10) | (0.07) | (0.13) | — |
From net realized gain | (1.00) | (0.69) | (1.38) | (1.99) | — |
Total distributions | (1.01) | (0.79) | (1.45) | (2.12) | — |
Net asset value, end of period | $14.50 | $12.10 | $11.98 | $13.11 | $14.29 |
Total return (%)4 | 29.48 | 7.80 | 5.02 | 7.19 | 15.995 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $13 | $11 | $7 | $4 | $—6 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.89 | 0.90 | 0.90 | 0.89 | 0.887 |
Expenses including reductions | 0.89 | 0.90 | 0.90 | 0.89 | 0.877 |
Net investment income | 0.03 | 0.35 | 0.71 | 1.05 | 1.177 |
Portfolio turnover (%) | 34 | 49 | 26 | 40 | 548 |
1 | The inception date for Class R6 shares is 2-13-17. |
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 | Less than $500,000. |
7 | Annualized. |
8 | Portfolio turnover is shown for the period from 9-1-16 to 8-31-17. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL GLOBAL FRANCHISE FUND | 17 |
CLASS NAV SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $12.10 | $11.98 | $13.11 | $14.29 | $13.85 |
Net investment income1 | 0.01 | 0.04 | 0.07 | 0.09 | 0.10 |
Net realized and unrealized gain (loss) on investments | 3.40 | 0.87 | 0.26 | 0.85 | 1.69 |
Total from investment operations | 3.41 | 0.91 | 0.33 | 0.94 | 1.79 |
Less distributions | |||||
From net investment income | (0.01) | (0.10) | (0.08) | (0.13) | (0.09) |
From net realized gain | (1.00) | (0.69) | (1.38) | (1.99) | (1.26) |
Total distributions | (1.01) | (0.79) | (1.46) | (2.12) | (1.35) |
Net asset value, end of period | $14.50 | $12.10 | $11.98 | $13.11 | $14.29 |
Total return (%)2 | 29.49 | 7.81 | 5.04 | 7.21 | 15.09 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $406 | $349 | $444 | $425 | $548 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.88 | 0.89 | 0.89 | 0.88 | 0.86 |
Expenses including reductions | 0.88 | 0.88 | 0.88 | 0.87 | 0.86 |
Net investment income | 0.05 | 0.32 | 0.63 | 0.65 | 0.77 |
Portfolio turnover (%) | 34 | 49 | 26 | 40 | 54 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
18 | JOHN HANCOCK FUNDAMENTAL GLOBAL FRANCHISE FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
ANNUAL REPORT | JOHN HANCOCK Fundamental Global Franchise Fund | 19 |
Total value at 8-31-21 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
Common stocks | ||||
Belgium | $27,215,426 | — | $27,215,426 | — |
France | 42,047,182 | — | 42,047,182 | — |
Italy | 34,444,341 | $20,569,518 | 13,874,823 | — |
Japan | 5,610,248 | — | 5,610,248 | — |
Netherlands | 44,755,556 | — | 44,755,556 | — |
Spain | 11,092,848 | — | 11,092,848 | — |
Switzerland | 32,082,757 | — | 32,082,757 | — |
United Kingdom | 33,733,062 | — | 33,733,062 | — |
United States | 266,472,446 | 266,472,446 | — | — |
Warrants | 299,639 | 299,639 | — | — |
Short-term investments | 20,501,946 | 20,501,946 | — | — |
Total investments in securities | $518,255,451 | $307,843,549 | $210,411,902 | — |
20 | JOHN HANCOCK Fundamental Global Franchise Fund | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK Fundamental Global Franchise Fund | 21 |
August 31, 2021 | August 31, 2020 | |
Ordinary income | $8,412,490 | $3,692,887 |
Long-term capital gains | 26,617,854 | 25,476,826 |
Total | $35,030,344 | $29,169,713 |
22 | JOHN HANCOCK Fundamental Global Franchise Fund | ANNUAL REPORT |
Class | Expense reduction |
Class A | $489 |
Class I | 7,161 |
Class R6 | 954 |
Class | Expense reduction |
Class NAV | $32,783 |
Total | $41,387 |
Class | Rule 12b-1 Fee |
Class A | 0.30% |
ANNUAL REPORT | JOHN HANCOCK Fundamental Global Franchise Fund | 23 |
Class | Distribution and service fees | Transfer agent fees |
Class A | $17,310 | $6,640 |
Class I | — | 97,273 |
Class R6 | — | 1,129 |
Total | $17,310 | $105,042 |
Year Ended 8-31-21 | Year Ended 8-31-20 | |||
Shares | Amount | Shares | Amount | |
Class A shares | ||||
Sold | 75,497 | $979,384 | 113,765 | $1,293,158 |
Distributions reinvested | 33,875 | 419,376 | 25,548 | 296,869 |
Repurchased | (77,678) | (976,604) | (98,194) | (1,081,282) |
Net increase | 31,694 | $422,156 | 41,119 | $508,745 |
Class I shares | ||||
Sold | 1,764,098 | $22,710,826 | 5,137,836 | $59,041,619 |
Distributions reinvested | 504,931 | 6,291,435 | 169,269 | 1,973,680 |
Repurchased | (1,991,659) | (25,621,000) | (1,682,745) | (18,330,935) |
Net increase | 277,370 | $3,381,261 | 3,624,360 | $42,684,364 |
Class R6 shares | ||||
Sold | 243,349 | $3,066,554 | 322,496 | $3,452,205 |
Distributions reinvested | 71,170 | 888,206 | 42,636 | 497,140 |
Repurchased | (360,421) | (4,528,393) | (70,199) | (765,671) |
Net increase (decrease) | (45,902) | $(573,633) | 294,933 | $3,183,674 |
24 | JOHN HANCOCK Fundamental Global Franchise Fund | ANNUAL REPORT |
Year Ended 8-31-21 | Year Ended 8-31-20 | |||
Shares | Amount | Shares | Amount | |
Class NAV shares | ||||
Sold | 4,518,819 | $57,619,267 | 1,282,427 | $13,764,559 |
Distributions reinvested | 2,196,628 | 27,413,916 | 2,264,129 | 26,399,740 |
Repurchased | (7,528,532) | (101,406,191) | (11,762,979) | (136,884,611) |
Net decrease | (813,085) | $(16,373,008) | (8,216,423) | $(96,720,312) |
Total net decrease | (549,923) | $(13,143,224) | (4,256,011) | $(50,343,529) |
Fund | Affiliated Concentration |
John Hancock Funds II Multimanager Lifestyle Growth Portfolio | 28.2% |
John Hancock Funds II Multimanager Lifestyle Balanced Portfolio | 26.0% |
John Hancock Funds II Multimanager Lifestyle Moderate Portfolio | 7.5% |
ANNUAL REPORT | JOHN HANCOCK Fundamental Global Franchise Fund | 25 |
26 | JOHN HANCOCK FUNDAMENTAL GLOBAL FRANCHISE FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL GLOBAL FRANCHISE FUND | 27 |
28 | JOHN HANCOCK FUNDAMENTAL GLOBAL FRANCHISE FUND | ANNUAL REPORT |
(a) | the skills and competency with which the Advisor has in the past managed the Trust’s affairs and its subadvisory relationship, the Advisor’s oversight and monitoring of the Subadvisor’s investment performance and compliance programs, such as the Subadvisor’s compliance with fund policies and objectives, review of brokerage matters, including with respect to trade allocation and best execution and the Advisor’s timeliness in responding to performance issues; |
(b) | the background, qualifications and skills of the Advisor’s personnel; |
(c) | the Advisor’s compliance policies and procedures and its responsiveness to regulatory changes and fund industry developments; |
ANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL GLOBAL FRANCHISE FUND | 29 |
(d) | the Advisor’s administrative capabilities, including its ability to supervise the other service providers for the fund, as well as the Advisor’s oversight of any securities lending activity, its monitoring of class action litigation and collection of class action settlements on behalf of the fund, and bringing loss recovery actions on behalf of the fund; |
(e) | the financial condition of the Advisor and whether it has the financial wherewithal to provide a high level and quality of services to the fund; |
(f) | the Advisor’s initiatives intended to improve various aspects of the Trust’s operations and investor experience with the fund; and |
(g) | the Advisor’s reputation and experience in serving as an investment advisor to the Trust and the benefit to shareholders of investing in funds that are part of a family of funds offering a variety of investments. |
(a) | reviewed information prepared by management regarding the fund’s performance; |
(b) | considered the comparative performance of an applicable benchmark index; |
(c) | considered the performance of comparable funds, if any, as included in the report prepared by an independent third-party provider of fund data; and |
(d) | took into account the Advisor’s analysis of the fund’s performance and its plans and recommendations regarding the Trust’s subadvisory arrangements generally. |
30 | JOHN HANCOCK FUNDAMENTAL GLOBAL FRANCHISE FUND | ANNUAL REPORT |
(a) | reviewed financial information of the Advisor; |
(b) | reviewed and considered information presented by the Advisor regarding the net profitability to the Advisor and its affiliates with respect to the fund; |
(c) | received and reviewed profitability information with respect to the John Hancock Fund Complex as a whole and with respect to the fund; |
(d) | received information with respect to the Advisor’s allocation methodologies used in preparing the profitability data and considered that the Advisor hired an independent third-party consultant to provide an analysis of the Advisor’s allocation methodologies; |
(e) | considered that the John Hancock insurance companies that are affiliates of the Advisor, as shareholders of the Trust directly or through their separate accounts, receive certain tax credits or deductions relating to foreign taxes paid and dividends received by certain funds of the Trust and noted that these tax benefits, which are not available to participants in qualified retirement plans under applicable income tax law, are reflected in the profitability information reviewed by the Board; |
(f) | considered that the Advisor also provides administrative services to the fund on a cost basis pursuant to an administrative services agreement; |
(g) | noted that affiliates of the Advisor provide transfer agency services and distribution services to the fund, and that the fund’s distributor also receives Rule 12b-1 payments to support distribution of the fund; |
(h) | noted that the fund’s Subadvisor is an affiliate of the Advisor; |
(i) | noted that the Advisor also derives reputational and other indirect benefits from providing advisory services to the fund; |
(j) | noted that the subadvisory fee for the fund is paid by the Advisor; |
(k) | considered the Advisor’s ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the fund industry; and |
ANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL GLOBAL FRANCHISE FUND | 31 |
(l) | considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it provides to the fund and the risks that it assumes as Advisor, including entrepreneurial, operational, reputational, litigation and regulatory risk. |
(a) | considered that the Advisor has contractually agreed to waive a portion of its management fee for certain funds of the John Hancock Fund Complex, including the fund (the participating portfolios) or otherwise reimburse the expenses of the participating portfolios (the reimbursement). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund; |
(b) | reviewed the fund’s advisory fee structure and concluded that: (i) the fund’s fee structure contains breakpoints at the subadvisory fee level and that such breakpoints are reflected as breakpoints in the advisory fees for the fund; and (ii) although economies of scale cannot be measured with precision, these arrangements permit shareholders of the fund to benefit from economies of scale if the fund grows. The Board also took into account management’s discussion of the fund’s advisory fee structure; and |
(c) | the Board also considered the effect of the fund’s growth in size on its performance and fees. The Board also noted that if the fund’s assets increase over time, the fund may realize other economies of scale. |
(1) | information relating to the Subadvisor’s business, including current subadvisory services to the Trust (and other funds in the John Hancock Fund Complex); |
(2) | the historical and current performance of the fund and comparative performance information relating to an applicable benchmark index and comparable funds; and |
(3) | the subadvisory fee for the fund, including any breakpoints, and to the extent available, comparable fee information prepared by an independent third party provider of fund data. |
32 | JOHN HANCOCK FUNDAMENTAL GLOBAL FRANCHISE FUND | ANNUAL REPORT |
(1) | the Subadvisor has extensive experience and demonstrated skills as a manager; |
(2) | the performance of the fund is being monitored and reasonably addressed, where appropriate; |
(3) | the subadvisory fee is reasonable in relation to the level and quality of services being provided under the Subadvisory Agreement; and |
(4) | noted that the subadvisory fees are paid by the Advisor not the fund and that the subadvisory fee breakpoints are reflected as breakpoints in the advisory fees for the fund in order to permit shareholders to benefit from economies of scale if the fund grows. |
ANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL GLOBAL FRANCHISE FUND | 33 |
34 | JOHN HANCOCK FUNDAMENTAL GLOBAL FRANCHISE FUND | ANNUAL REPORT |
• | The Fund’s investment strategy remained appropriate for an open-end fund structure; |
• | The Fund was able to meet requests for redemption without significant dilution of remaining investors’ interests in the Fund; |
• | The Fund did not report any breaches of the 15% limit on illiquid investments that would require reporting to the Securities and Exchange Commission; |
• | The Fund continued to qualify as a Primarily Highly Liquid Fund under the Liquidity Rule and therefore is not required to establish a HLIM; and |
• | The Chief Compliance Officer’s office performed audit testing of the LRMP which resulted in an assessment that the LRMP’s control environment was deemed to be operating effectively and in compliance with the Board approved procedures. |
ANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL GLOBAL FRANCHISE FUND | 35 |
36 | JOHN HANCOCK FUNDAMENTAL GLOBAL FRANCHISE FUND | ANNUAL REPORT |
Independent Trustees | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Hassell H. McClellan, Born: 1945 | 2005 | 190 |
Trustee and Chairperson of the Board | ||
Director/Trustee, Virtus Funds (2008-2020); Director, The Barnes Group (2010-2021); Associate Professor, The Wallace E. Carroll School of Management, Boston College (retired 2013). Trustee (since 2005) and Chairperson of the Board (since 2017) of various trusts within the John Hancock Fund Complex. | ||
Charles L. Bardelis,2 Born: 1941 | 2005 | 190 |
Trustee | ||
Director, Island Commuter Corp. (marine transport). Trustee of various trusts within the John Hancock Fund Complex (since 1988). | ||
James R. Boyle, Born: 1959 | 2015 | 190 |
Trustee | ||
Chief Executive Officer, Foresters Financial (since 2018); Chairman and Chief Executive Officer, Zillion Group, Inc. (formerly HealthFleet, Inc.) (healthcare) (2014-2018); Executive Vice President and Chief Executive Officer, U.S. Life Insurance Division of Genworth Financial, Inc. (insurance) (January 2014–July 2014); Senior Executive Vice President, Manulife Financial, President and Chief Executive Officer, John Hancock (1999–2012); Chairman and Director, John Hancock Investment Management LLC, John Hancock Investment Management Distributors LLC, and John Hancock Variable Trust Advisers LLC (2005–2010). Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015). | ||
Peter S. Burgess,2 Born: 1942 | 2005 | 190 |
Trustee | ||
Consultant (financial, accounting, and auditing matters) (since 1999); Certified Public Accountant; Partner, Arthur Andersen (independent public accounting firm) (prior to 1999); Director, Lincoln Educational Services Corporation (2004-2021); Director, Symetra Financial Corporation (2010–2016); Director, PMA Capital Corporation (2004–2010). Trustee of various trusts within the John Hancock Fund Complex (since 2005). | ||
William H. Cunningham, Born: 1944 | 2012 | 190 |
Trustee | ||
Professor, University of Texas, Austin, Texas (since 1971); former Chancellor, University of Texas System and former President of the University of Texas, Austin, Texas; Chairman (since 2009) and Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000); former Director, LIN Television (2009–2014). Trustee of various trusts within the John Hancock Fund Complex (since 1986). | ||
Grace K. Fey, Born: 1946 | 2008 | 190 |
Trustee | ||
Chief Executive Officer, Grace Fey Advisors (since 2007); Director and Executive Vice President, Frontier Capital Management Company (1988–2007); Director, Fiduciary Trust (since 2009). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |
ANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL GLOBAL FRANCHISE FUND | 37 |
Independent Trustees (continued) | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Deborah C. Jackson, Born: 1952 | 2012 | 190 |
Trustee | ||
President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Amwell Corporation (since 2020); Board of Directors, Massachusetts Women’s Forum (2018-2020); Board of Directors, National Association of Corporate Directors/New England (2015-2020); Board of Directors, Association of Independent Colleges and Universities of Massachusetts (2014-2017); Chief Executive Officer, American Red Cross of Massachusetts Bay (2002–2011); Board of Directors of Eastern Bank Corporation (since 2001); Board of Directors of Eastern Bank Charitable Foundation (since 2001); Board of Directors of American Student Assistance Corporation (1996–2009); Board of Directors of Boston Stock Exchange (2002–2008); Board of Directors of Harvard Pilgrim Healthcare (health benefits company) (2007–2011). Trustee of various trusts within the John Hancock Fund Complex (since 2008). | ||
Steven R. Pruchansky, Born: 1944 | 2012 | 190 |
Trustee and Vice Chairperson of the Board | ||
Managing Director, Pru Realty (since 2017); Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (2014-2020); Director and President, Greenscapes of Southwest Florida, Inc. (until 2000); Member, Board of Advisors, First American Bank (until 2010); Managing Director, Jon James, LLC (real estate) (since 2000); Partner, Right Funding, LLC (2014-2017); Director, First Signature Bank & Trust Company (until 1991); Director, Mast Realty Trust (until 1994); President, Maxwell Building Corp. (until 1991). Trustee (since 1992), Chairperson of the Board (2011–2012), and Vice Chairperson of the Board (since 2012) of various trusts within the John Hancock Fund Complex. | ||
Frances G. Rathke,2,* Born: 1960 | 2020 | 190 |
Trustee | ||
Board Member, Oatly Group AB (plant-based drink company) (since 2021): Director, Northern New England Energy Corporation (since 2017); Director, Audit Committee Chair and Compensation Committee Member, Green Mountain Power Corporation (since 2016); Director, Treasurer and Finance & Audit Committee Chair, Flynn Center for Performing Arts (since 2016); Director, Audit Committee Chair and Compensation Committee Member, Planet Fitness (since 2016); Director, Citizen Cider, Inc. (high-end hard cider and hard seltzer company) (since 2016); Chief Financial Officer and Treasurer, Keurig Green Mountain, Inc. (2003-retired 2015); Independent Financial Consultant, Frances Rathke Consulting (strategic and financial consulting services) (2001-2003); Chief Financial Officer and Secretary, Ben & Jerry’s Homemade, Inc. (1989-2000, including prior positions); Senior Manager, Coopers & Lybrand, LLC (independent public accounting firm) (1982-1989). Trustee of various trusts within the John Hancock Fund Complex (since 2020). | ||
Gregory A. Russo, Born: 1949 | 2012 | 190 |
Trustee | ||
Director and Audit Committee Chairman (2012-2020), and Member, Audit Committee and Finance Committee (2011-2020), NCH Healthcare System, Inc. (holding company for multi-entity healthcare system); Director and Member (2012-2018) and Finance Committee Chairman (2014-2018), The Moorings, Inc. (nonprofit continuing care community); Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); Vice Chairman, Industrial Markets, KPMG (1998–2002); Chairman and Treasurer, Westchester County, New York, Chamber of Commerce (1986–1992); Director, Treasurer, and Chairman of Audit and Finance Committees, Putnam Hospital Center (1989–1995); Director and Chairman of Fundraising Campaign, United Way of Westchester and Putnam Counties, New York (1990–1995). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |
38 | JOHN HANCOCK FUNDAMENTAL GLOBAL FRANCHISE FUND | ANNUAL REPORT |
Non-Independent Trustees3 | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Andrew G. Arnott, Born: 1971 | 2017 | 190 |
President and Non-Independent Trustee | ||
Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (since 2018); Director and Executive Vice President, John Hancock Investment Management LLC (since 2005, including prior positions); Director and Executive Vice President, John Hancock Variable Trust Advisers LLC (since 2006, including prior positions); President, John Hancock Investment Management Distributors LLC (since 2004, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2017). | ||
Marianne Harrison, Born: 1963 | 2018 | 190 |
Non-Independent Trustee | ||
President and CEO, John Hancock (since 2017); President and CEO, Manulife Canadian Division (2013–2017); Member, Board of Directors, Boston Medical Center (since 2021); Member, Board of Directors, CAE Inc. (since 2019); Member, Board of Directors, MA Competitive Partnership Board (since 2018); Member, Board of Directors, American Council of Life Insurers (ACLI) (since 2018); Member, Board of Directors, Communitech, an industry-led innovation center that fosters technology companies in Canada (2017-2019); Member, Board of Directors, Manulife Assurance Canada (2015-2017); Board Member, St. Mary’s General Hospital Foundation (2014-2017); Member, Board of Directors, Manulife Bank of Canada (2013- 2017); Member, Standing Committee of the Canadian Life & Health Assurance Association (2013-2017); Member, Board of Directors, John Hancock USA, John Hancock Life & Health, John Hancock New York (2012–2013). Trustee of various trusts within the John Hancock Fund Complex (since 2018). |
Principal officers who are not Trustees | |
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years | Current Position(s) with the Trust since |
Charles A. Rizzo, Born: 1957 | 2007 |
Chief Financial Officer | |
Vice President, John Hancock Financial Services (since 2008); Senior Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2008); Chief Financial Officer of various trusts within the John Hancock Fund Complex (since 2007). | |
Salvatore Schiavone, Born: 1965 | 2009 |
Treasurer | |
Assistant Vice President, John Hancock Financial Services (since 2007); Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2007); Treasurer of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). | |
Christopher (Kit) Sechler, Born: 1973 | 2018 |
Secretary and Chief Legal Officer | |
Vice President and Deputy Chief Counsel, John Hancock Investment Management (since 2015); Assistant Vice President and Senior Counsel (2009–2015), John Hancock Investment Management; Assistant Secretary of John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2009); Chief Legal Officer and Secretary of various trusts within the John Hancock Fund Complex (since 2009, including prior positions). |
ANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL GLOBAL FRANCHISE FUND | 39 |
Principal officers who are not Trustees (continued) | |
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years | Current Position(s) with the Trust since |
Trevor Swanberg, Born: 1979 | 2020 |
Chief Compliance Officer | |
Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2020); Deputy Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2019–2020); Assistant Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2016–2019); Vice President, State Street Global Advisors (2015–2016); Chief Compliance Officer of various trusts within the John Hancock Fund Complex (since 2016, including prior positions). |
1 | Each Trustee holds office until his or her successor is elected and qualified, or until the Trustee’s death, retirement, resignation, or removal. Mr. Boyle has served as Trustee at various times prior to the date listed in the table. |
2 | Member of the Audit Committee. |
3 | The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates. |
* | Appointed as Independent Trustee effective as of September 15, 2020. |
40 | JOHN HANCOCK FUNDAMENTAL GLOBAL FRANCHISE FUND | ANNUAL 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
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 |
ANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL GLOBAL FRANCHISE FUND | 41 |
GOVERNANCE FUNDS
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
MF1822995 | 398A 8/21 |
President and CEO,
John Hancock Investment Management
Head of Wealth and Asset Management,
United States and Europe
ANNUAL REPORT | JOHN HANCOCK SMALL CAP GROWTH FUND | 1 |
2 | JOHN HANCOCK SMALL CAP GROWTH FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK SMALL CAP GROWTH FUND | 3 |
TOP 10 HOLDINGS AS OF 8/31/2021 (% of net assets) | |
Synaptics, Inc. | 4.1 |
Workiva, Inc. | 3.6 |
Everbridge, Inc. | 3.4 |
Calix, Inc. | 3.2 |
Medpace Holdings, Inc. | 2.9 |
Simpson Manufacturing Company, Inc. | 2.8 |
Kornit Digital, Ltd. | 2.8 |
Boyd Gaming Corp. | 2.8 |
Halozyme Therapeutics, Inc. | 2.7 |
Fox Factory Holding Corp. | 2.6 |
TOTAL | 30.9 |
Cash and cash equivalents are not included. |
4 | JOHN HANCOCK SMALL CAP GROWTH FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK SMALL CAP GROWTH FUND | 5 |
Average annual total returns (%) with maximum sales charge | Cumulative total returns (%) with maximum sales charge | ||||
1-year | 5-year | 10-year | 5-year | 10-year | |
Class A1 | 33.10 | 16.04 | 14.92 | 110.43 | 301.70 |
Class C1 | 38.06 | 16.64 | 15.21 | 115.85 | 312.17 |
Class I1,2 | 40.49 | 17.43 | 15.61 | 123.31 | 326.41 |
Class R61,2 | 40.60 | 17.53 | 15.65 | 124.24 | 328.19 |
Class NAV2 | 40.58 | 17.54 | 15.66 | 124.32 | 328.34 |
Index† | 35.61 | 16.58 | 14.78 | 115.29 | 297.02 |
Class A | Class C | Class I | Class R6 | Class NAV | |
Gross (%) | 1.31 | 2.06 | 1.06 | 0.94 | 0.93 |
Net (%) | 1.30 | 2.05 | 1.05 | 0.93 | 0.92 |
6 | JOHN HANCOCK SMALL CAP GROWTH FUND | ANNUAL REPORT |
Start date | With maximum sales charge ($) | Without sales charge ($) | Index ($) | |
Class C1,3 | 8-31-11 | 41,217 | 41,217 | 39,702 |
Class I1,2 | 8-31-11 | 42,641 | 42,641 | 39,702 |
Class R61,2 | 8-31-11 | 42,819 | 42,819 | 39,702 |
Class NAV2 | 8-31-11 | 42,834 | 42,834 | 39,702 |
1 | Class A, Class C, Class I, and Class R6 shares were first offered on 3-27-18. Returns prior to this date are those of Class NAV 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. |
ANNUAL REPORT | JOHN HANCOCK SMALL CAP GROWTH FUND | 7 |
8 | JOHN HANCOCK SMALL CAP GROWTH FUND | ANNUAL REPORT |
Account value on 3-1-2021 | Ending value on 8-31-2021 | Expenses paid during period ended 8-31-20211 | Annualized expense ratio | ||
Class A | Actual expenses/actual returns | $1,000.00 | $1,097.70 | $6.77 | 1.28% |
Hypothetical example | 1,000.00 | 1,018.80 | 6.51 | 1.28% | |
Class C | Actual expenses/actual returns | 1,000.00 | 1,093.80 | 10.71 | 2.03% |
Hypothetical example | 1,000.00 | 1,015.00 | 10.31 | 2.03% | |
Class I | Actual expenses/actual returns | 1,000.00 | 1,099.40 | 5.45 | 1.03% |
Hypothetical example | 1,000.00 | 1,020.00 | 5.24 | 1.03% | |
Class R6 | Actual expenses/actual returns | 1,000.00 | 1,100.20 | 4.87 | 0.92% |
Hypothetical example | 1,000.00 | 1,020.60 | 4.69 | 0.92% | |
Class NAV | Actual expenses/actual returns | 1,000.00 | 1,099.80 | 4.82 | 0.91% |
Hypothetical example | 1,000.00 | 1,020.60 | 4.63 | 0.91% |
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). |
ANNUAL REPORT | JOHN HANCOCK SMALL CAP GROWTH FUND | 9 |
Shares | Value | ||||
Common stocks 98.7% | $670,576,203 | ||||
(Cost $454,240,442) | |||||
Communication services 0.5% | 3,679,907 | ||||
Media 0.5% | |||||
TechTarget, Inc. (A) | 43,508 | 3,679,907 | |||
Consumer discretionary 14.9% | 101,093,033 | ||||
Auto components 2.6% | |||||
Fox Factory Holding Corp. (A) | 116,989 | 17,977,700 | |||
Hotels, restaurants and leisure 6.1% | |||||
Boyd Gaming Corp. (A) | 304,450 | 18,684,097 | |||
Chuy’s Holdings, Inc. (A) | 234,447 | 7,563,260 | |||
Texas Roadhouse, Inc. | 158,177 | 15,026,815 | |||
Internet and direct marketing retail 1.6% | |||||
Overstock.com, Inc. (A) | 146,836 | 10,594,217 | |||
Specialty retail 3.5% | |||||
Leslie’s, Inc. (A) | 555,173 | 13,390,773 | |||
Lithia Motors, Inc. | 32,318 | 10,706,953 | |||
Textiles, apparel and luxury goods 1.1% | |||||
Deckers Outdoor Corp. (A) | 17,085 | 7,149,218 | |||
Consumer staples 5.7% | 38,506,177 | ||||
Food and staples retailing 4.1% | |||||
BJ’s Wholesale Club Holdings, Inc. (A) | 291,466 | 16,514,464 | |||
Performance Food Group Company (A) | 217,028 | 10,899,146 | |||
Food products 1.6% | |||||
Freshpet, Inc. (A) | 86,566 | 11,092,567 | |||
Financials 5.8% | 39,157,976 | ||||
Banks 1.4% | |||||
First Financial Bankshares, Inc. | 191,226 | 9,106,182 | |||
Capital markets 2.6% | |||||
PJT Partners, Inc., Class A | 222,913 | 17,605,669 | |||
Thrifts and mortgage finance 1.8% | |||||
Axos Financial, Inc. (A) | 256,727 | 12,446,125 | |||
Health care 26.8% | 182,233,557 | ||||
Biotechnology 7.2% | |||||
CareDx, Inc. (A) | 153,397 | 11,240,932 | |||
Coherus Biosciences, Inc. (A) | 506,946 | 8,100,997 | |||
Halozyme Therapeutics, Inc. (A) | 439,006 | 18,433,862 | |||
PTC Therapeutics, Inc. (A) | 253,350 | 11,058,728 |
10 | JOHN HANCOCK SMALL CAP GROWTH FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Health care (continued) | |||||
Health care equipment and supplies 6.3% | |||||
CryoPort, Inc. (A) | 224,575 | $14,276,233 | |||
Inmode, Ltd. (A) | 123,240 | 16,129,651 | |||
Tandem Diabetes Care, Inc. (A) | 110,929 | 12,442,906 | |||
Health care providers and services 6.1% | |||||
Addus HomeCare Corp. (A) | 108,185 | 9,727,995 | |||
AMN Healthcare Services, Inc. (A) | 105,592 | 11,986,804 | |||
Castle Biosciences, Inc. (A) | 123,128 | 9,447,611 | |||
LHC Group, Inc. (A) | 53,173 | 9,930,589 | |||
Health care technology 2.6% | |||||
Omnicell, Inc. (A) | 115,729 | 17,969,242 | |||
Life sciences tools and services 4.6% | |||||
Medpace Holdings, Inc. (A) | 108,632 | 19,809,045 | |||
NeoGenomics, Inc. (A) | 240,209 | 11,678,962 | |||
Industrials 20.6% | 139,922,536 | ||||
Aerospace and defense 3.1% | |||||
AeroVironment, Inc. (A) | 121,541 | 12,440,937 | |||
RADA Electronic Industries, Ltd. (A) | 726,393 | 8,288,144 | |||
Air freight and logistics 1.7% | |||||
Air Transport Services Group, Inc. (A) | 431,883 | 11,829,275 | |||
Building products 2.8% | |||||
Simpson Manufacturing Company, Inc. | 167,823 | 18,989,172 | |||
Commercial services and supplies 4.4% | |||||
Tetra Tech, Inc. | 108,231 | 15,567,947 | |||
The Brink’s Company | 186,614 | 14,585,750 | |||
Machinery 4.6% | |||||
Astec Industries, Inc. | 199,181 | 12,177,926 | |||
Kornit Digital, Ltd. (A) | 144,285 | 18,810,435 | |||
Professional services 2.7% | |||||
Exponent, Inc. | 95,808 | 11,199,955 | |||
FTI Consulting, Inc. (A) | 52,521 | 7,337,709 | |||
Trading companies and distributors 1.3% | |||||
McGrath RentCorp | 124,610 | 8,695,286 | |||
Information technology 23.0% | 156,465,035 | ||||
Communications equipment 3.2% | |||||
Calix, Inc. (A) | 468,134 | 21,815,044 | |||
Electronic equipment, instruments and components 1.3% | |||||
nLight, Inc. (A) | 318,539 | 8,794,862 | |||
Semiconductors and semiconductor equipment 6.6% | |||||
Onto Innovation, Inc. (A) | 231,556 | 17,165,246 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK SMALL CAP GROWTH FUND | 11 |
Shares | Value | ||||
Information technology (continued) | |||||
Semiconductors and semiconductor equipment (continued) | |||||
Synaptics, Inc. (A) | 146,320 | $27,768,612 | |||
Software 11.9% | |||||
Domo, Inc., Class B (A) | 90,592 | 8,107,984 | |||
Everbridge, Inc. (A) | 145,921 | 22,905,219 | |||
LivePerson, Inc. (A) | 192,476 | 12,337,712 | |||
Rapid7, Inc. (A) | 104,719 | 12,725,453 | |||
Workiva, Inc. (A) | 177,122 | 24,844,903 | |||
Materials 1.4% | 9,517,982 | ||||
Containers and packaging 1.4% | |||||
Ranpak Holdings Corp. (A) | 310,032 | 9,517,982 | |||
Yield (%) | Shares | Value | |||
Short-term investments 2.6% | $17,665,463 | ||||
(Cost $17,665,463) | |||||
Short-term funds 2.6% | 17,665,463 | ||||
State Street Institutional U.S. Government Money Market Fund, Premier Class | 0.0250(B) | 17,665,463 | 17,665,463 |
Total investments (Cost $471,905,905) 101.3% | $688,241,666 | ||||
Other assets and liabilities, net (1.3%) | (8,684,523) | ||||
Total net assets 100.0% | $679,557,143 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
(B) | The rate shown is the annualized seven-day yield as of 8-31-21. |
12 | JOHN HANCOCK SMALL CAP GROWTH FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Assets | |
Unaffiliated investments, at value (Cost $471,905,905) | $688,241,666 |
Dividends and interest receivable | 60,253 |
Receivable for fund shares sold | 77,524 |
Other assets | 49,581 |
Total assets | 688,429,024 |
Liabilities | |
Payable for investments purchased | 3,631,080 |
Payable for fund shares repurchased | 5,076,683 |
Payable to affiliates | |
Accounting and legal services fees | 26,164 |
Transfer agent fees | 2,044 |
Trustees’ fees | 175 |
Other liabilities and accrued expenses | 135,735 |
Total liabilities | 8,871,881 |
Net assets | $679,557,143 |
Net assets consist of | |
Paid-in capital | $330,588,248 |
Total distributable earnings (loss) | 348,968,895 |
Net assets | $679,557,143 |
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 ($21,150,349 ÷ 777,424 shares)1 | $27.21 |
Class C ($292,001 ÷ 11,027 shares)1 | $26.48 |
Class I ($687,693 ÷ 25,072 shares) | $27.43 |
Class R6 ($83,074 ÷ 3,015 shares) | $27.55 |
Class NAV ($657,344,026 ÷ 23,847,504 shares) | $27.56 |
Maximum offering price per share | |
Class A (net asset value per share ÷ 95%)2 | $28.64 |
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 | ANNUAL REPORT | JOHN HANCOCK Small Cap Growth Fund | 13 |
Investment income | |
Dividends | $1,600,918 |
Securities lending | 59,186 |
Interest | 3,013 |
Total investment income | 1,663,117 |
Expenses | |
Investment management fees | 5,652,893 |
Distribution and service fees | 37,680 |
Accounting and legal services fees | 94,359 |
Transfer agent fees | 17,079 |
Trustees’ fees | 11,843 |
Custodian fees | 82,876 |
State registration fees | 65,823 |
Printing and postage | 22,777 |
Professional fees | 66,377 |
Other | 30,093 |
Total expenses | 6,081,800 |
Less expense reductions | (55,359) |
Net expenses | 6,026,441 |
Net investment loss | (4,363,324) |
Realized and unrealized gain (loss) | |
Net realized gain (loss) on | |
Unaffiliated investments | 182,505,562 |
Affiliated investments | 25,576 |
182,531,138 | |
Change in net unrealized appreciation (depreciation) of | |
Unaffiliated investments | 49,802,186 |
Affiliated investments | (38,588) |
49,763,598 | |
Net realized and unrealized gain | 232,294,736 |
Increase in net assets from operations | $227,931,412 |
14 | JOHN HANCOCK Small Cap Growth Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Year ended 8-31-21 | Year ended 8-31-20 | |
Increase (decrease) in net assets | ||
From operations | ||
Net investment loss | $(4,363,324) | $(2,873,289) |
Net realized gain | 182,531,138 | 29,618,474 |
Change in net unrealized appreciation (depreciation) | 49,763,598 | 94,873,198 |
Increase in net assets resulting from operations | 227,931,412 | 121,618,383 |
Distributions to shareholders | ||
From earnings | ||
Class A | (372,190) | — |
Class C | (9,899) | — |
Class I | (22,483) | — |
Class R6 | (2,498) | — |
Class NAV | (23,547,407) | — |
Total distributions | (23,954,477) | — |
From fund share transactions | (147,296,422) | (61,838,416) |
Total increase | 56,680,513 | 59,779,967 |
Net assets | ||
Beginning of year | 622,876,630 | 563,096,663 |
End of year | $679,557,143 | $622,876,630 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Small Cap Growth Fund | 15 |
CLASS A SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-181 |
Per share operating performance | ||||
Net asset value, beginning of period | $20.14 | $16.62 | $19.27 | $17.03 |
Net investment loss2 | (0.26) | (0.15) | (0.18) | (0.10) |
Net realized and unrealized gain (loss) on investments | 8.17 | 3.67 | (1.93) | 2.34 |
Total from investment operations | 7.91 | 3.52 | (2.11) | 2.24 |
From net realized gain | (0.84) | — | (0.54) | — |
Net asset value, end of period | $27.21 | $20.14 | $16.62 | $19.27 |
Total return (%)3,4 | 40.11 | 21.18 | (10.41) | 13.155 |
Ratios and supplemental data | ||||
Net assets, end of period (in millions) | $21 | $7 | $3 | $1 |
Ratios (as a percentage of average net assets): | ||||
Expenses before reductions | 1.28 | 1.31 | 1.32 | 1.366 |
Expenses including reductions | 1.28 | 1.30 | 1.31 | 1.356 |
Net investment loss | (1.05) | (0.91) | (1.07) | (1.26)6 |
Portfolio turnover (%) | 66 | 98 | 101 | 1657 |
1 | The inception date for Class A shares is 3-27-18. |
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. |
7 | Portfolio turnover is shown for the period from 9-1-17 to 8-31-18. |
16 | JOHN HANCOCK Small Cap Growth Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS C SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-181 |
Per share operating performance | ||||
Net asset value, beginning of period | $19.77 | $16.44 | $19.21 | $17.03 |
Net investment loss2 | (0.42) | (0.27) | (0.30) | (0.16) |
Net realized and unrealized gain (loss) on investments | 7.97 | 3.60 | (1.93) | 2.34 |
Total from investment operations | 7.55 | 3.33 | (2.23) | 2.18 |
From net realized gain | (0.84) | — | (0.54) | — |
Net asset value, end of period | $26.48 | $19.77 | $16.44 | $19.21 |
Total return (%)3,4 | 39.06 | 20.26 | (11.08) | 12.805 |
Ratios and supplemental data | ||||
Net assets, end of period (in millions) | $—6 | $—6 | $—6 | $—6 |
Ratios (as a percentage of average net assets): | ||||
Expenses before reductions | 2.03 | 2.06 | 2.07 | 2.117 |
Expenses including reductions | 2.03 | 2.05 | 2.06 | 2.107 |
Net investment loss | (1.79) | (1.67) | (1.81) | (2.01)7 |
Portfolio turnover (%) | 66 | 98 | 101 | 1658 |
1 | The inception date for Class C shares is 3-27-18. |
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 | Portfolio turnover is shown for the period from 9-1-17 to 8-31-18. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Small Cap Growth Fund | 17 |
CLASS I SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-181 |
Per share operating performance | ||||
Net asset value, beginning of period | $20.25 | $16.67 | $19.29 | $17.03 |
Net investment loss2 | (0.19) | (0.11) | (0.14) | (0.08) |
Net realized and unrealized gain (loss) on investments | 8.21 | 3.69 | (1.94) | 2.34 |
Total from investment operations | 8.02 | 3.58 | (2.08) | 2.26 |
From net realized gain | (0.84) | — | (0.54) | — |
Net asset value, end of period | $27.43 | $20.25 | $16.67 | $19.29 |
Total return (%)3 | 40.49 | 21.48 | (10.23) | 13.274 |
Ratios and supplemental data | ||||
Net assets, end of period (in millions) | $1 | $—5 | $—5 | $—5 |
Ratios (as a percentage of average net assets): | ||||
Expenses before reductions | 1.03 | 1.06 | 1.08 | 1.126 |
Expenses including reductions | 1.03 | 1.05 | 1.07 | 1.116 |
Net investment loss | (0.78) | (0.65) | (0.80) | (0.99)6 |
Portfolio turnover (%) | 66 | 98 | 101 | 1657 |
1 | The inception date for Class I shares is 3-27-18. |
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 | Portfolio turnover is shown for the period from 9-1-17 to 8-31-18. |
18 | JOHN HANCOCK Small Cap Growth Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS R6 SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-181 |
Per share operating performance | ||||
Net asset value, beginning of period | $20.32 | $16.70 | $19.30 | $17.03 |
Net investment loss2 | (0.16) | (0.09) | (0.12) | (0.07) |
Net realized and unrealized gain (loss) on investments | 8.23 | 3.71 | (1.94) | 2.34 |
Total from investment operations | 8.07 | 3.62 | (2.06) | 2.27 |
From net realized gain | (0.84) | — | (0.54) | — |
Net asset value, end of period | $27.55 | $20.32 | $16.70 | $19.30 |
Total return (%)3 | 40.60 | 21.68 | (10.12) | 13.334 |
Ratios and supplemental data | ||||
Net assets, end of period (in millions) | $—5 | $—5 | $—5 | $—5 |
Ratios (as a percentage of average net assets): | ||||
Expenses before reductions | 0.93 | 0.94 | 0.97 | 1.016 |
Expenses including reductions | 0.92 | 0.94 | 0.96 | 1.016 |
Net investment loss | (0.67) | (0.54) | (0.70) | (0.92)6 |
Portfolio turnover (%) | 66 | 98 | 101 | 1657 |
1 | The inception date for Class R6 shares is 3-27-18. |
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 | Portfolio turnover is shown for the period from 9-1-17 to 8-31-18. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Small Cap Growth Fund | 19 |
CLASS NAV SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $20.33 | $16.71 | $19.30 | $20.31 | $18.44 |
Net investment loss1 | (0.16) | (0.09) | (0.12) | (0.11) | (0.05) |
Net realized and unrealized gain (loss) on investments | 8.23 | 3.71 | (1.93) | 4.54 | 3.01 |
Total from investment operations | 8.07 | 3.62 | (2.05) | 4.43 | 2.96 |
From net realized gain | (0.84) | — | (0.54) | (5.44) | (1.09) |
Net asset value, end of period | $27.56 | $20.33 | $16.71 | $19.30 | $20.31 |
Total return (%)2 | 40.58 | 21.66 | (10.07) | 24.87 | 16.79 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $657 | $615 | $560 | $360 | $229 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.92 | 0.93 | 0.96 | 1.00 | 1.06 |
Expenses including reductions | 0.91 | 0.93 | 0.95 | 0.99 | 1.05 |
Net investment loss | (0.66) | (0.53) | (0.70) | (0.57) | (0.29) |
Portfolio turnover (%) | 66 | 98 | 101 | 1653 | 39 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
3 | Excludes in-kind transactions. |
20 | JOHN HANCOCK Small Cap Growth Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
ANNUAL REPORT | JOHN HANCOCK Small Cap Growth Fund | 21 |
22 | JOHN HANCOCK Small Cap Growth Fund | ANNUAL REPORT |
August 31, 2021 | August 31, 2020 | |
Long-term capital gains | $23,954,477 | — |
ANNUAL REPORT | JOHN HANCOCK Small Cap Growth Fund | 23 |
Class | Expense reduction |
Class A | $1,211 |
Class C | 24 |
Class I | 50 |
Class | Expense reduction |
Class R6 | $6 |
Class NAV | 54,068 |
Total | $55,359 |
24 | JOHN HANCOCK Small Cap Growth Fund | ANNUAL REPORT |
Class | Rule 12b-1 Fee |
Class A | 0.25% |
Class C | 1.00% |
Class | Distribution and service fees | Transfer agent fees |
Class A | $34,894 | $16,068 |
Class C | 2,786 | 322 |
Class I | — | 682 |
Class R6 | — | 7 |
Total | $37,680 | $17,079 |
ANNUAL REPORT | JOHN HANCOCK Small Cap Growth Fund | 25 |
Year Ended 8-31-21 | Year Ended 8-31-20 | |||
Shares | Amount | Shares | Amount | |
Class A shares | ||||
Sold | 783,748 | $18,904,291 | 363,753 | $6,008,130 |
Distributions reinvested | 16,638 | 372,190 | — | — |
Repurchased | (350,959) | (8,640,787) | (196,390) | (3,182,425) |
Net increase | 449,427 | $10,635,694 | 167,363 | $2,825,705 |
Class C shares | ||||
Sold | 7,261 | $169,169 | 3,419 | $59,494 |
Distributions reinvested | 340 | 7,442 | — | — |
Repurchased | (8,182) | (197,218) | (11,976) | (187,133) |
Net decrease | (581) | $(20,607) | (8,557) | $(127,639) |
Class I shares | ||||
Sold | 7,393 | $176,197 | 10,830 | $176,435 |
Distributions reinvested | 999 | 22,483 | — | — |
Repurchased | (7,978) | (191,405) | (2,344) | (43,500) |
Net increase | 414 | $7,275 | 8,486 | $132,935 |
Class R6 shares | ||||
Sold | 94 | $2,339 | 39 | $650 |
Distributions reinvested | 2 | 41 | — | — |
Repurchased | (56) | (1,412) | — | — |
Net increase | 40 | $968 | 39 | $650 |
Class NAV shares | ||||
Sold | 1,341,431 | $32,650,406 | 7,252,898 | $116,941,749 |
Distributions reinvested | 1,041,460 | 23,547,407 | — | — |
Repurchased | (8,814,095) | (214,117,565) | (10,473,362) | (181,611,816) |
Net decrease | (6,431,204) | $(157,919,752) | (3,220,464) | $(64,670,067) |
Total net decrease | (5,981,904) | $(147,296,422) | (3,053,133) | $(61,838,416) |
26 | JOHN HANCOCK Small Cap Growth Fund | ANNUAL REPORT |
Portfolio | Affiliated Concentration |
John Hancock Funds II Multimanager Lifestyle Growth Portfolio | 29.0% |
John Hancock Funds II Multimanager Lifestyle Balanced Portfolio | 20.1% |
John Hancock Funds II Multimanager Lifestyle Aggressive Portfolio | 14.7% |
John Hancock Variable Insurance Trust Managed Volatility Growth Portfolio | 8.7% |
John Hancock Funds II Multimanager Lifestyle Moderate Portfolio | 5.0% |
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* | — | $32,357,257 | $94,731,635 | $(127,075,880) | $25,576 | $(38,588) | $59,186 | — | — |
* | Refer to the Securities lending note within Note 2 for details regarding this investment. |
ANNUAL REPORT | JOHN HANCOCK Small Cap Growth Fund | 27 |
28 | JOHN HANCOCK SMALL CAP GROWTH FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK SMALL CAP GROWTH FUND | 29 |
30 | JOHN HANCOCK SMALL CAP GROWTH FUND | ANNUAL REPORT |
(a) | the skills and competency with which the Advisor has in the past managed the Trust’s affairs and its subadvisory relationship, the Advisor’s oversight and monitoring of the Subadvisor’s investment performance and compliance programs, such as the Subadvisor’s compliance with fund policies and objectives, review of brokerage matters, including with respect to trade allocation and best execution and the Advisor’s timeliness in responding to performance issues; |
(b) | the background, qualifications and skills of the Advisor’s personnel; |
(c) | the Advisor’s compliance policies and procedures and its responsiveness to regulatory changes and fund industry developments; |
ANNUAL REPORT | JOHN HANCOCK SMALL CAP GROWTH FUND | 31 |
(d) | the Advisor’s administrative capabilities, including its ability to supervise the other service providers for the fund, as well as the Advisor’s oversight of any securities lending activity, its monitoring of class action litigation and collection of class action settlements on behalf of the fund, and bringing loss recovery actions on behalf of the fund; |
(e) | the financial condition of the Advisor and whether it has the financial wherewithal to provide a high level and quality of services to the fund; |
(f) | the advisor’s initiatives intended to improve various aspects of the Trust’s operations and investor experience with the fund; and |
(g) | the Advisor’s reputation and experience in serving as an investment advisor to the Trust and the benefit to shareholders of investing in funds that are part of a family of funds offering a variety of investments. |
(a) | reviewed information prepared by management regarding the fund’s performance; |
(b) | considered the comparative performance of an applicable benchmark index; |
(c) | considered the performance of comparable funds, if any, as included in the report prepared by an independent third-party provider of fund data; and |
(d) | took into account the Advisor’s analysis of the fund’s performance and its plans and recommendations regarding the Trust’s subadvisory arrangements generally. |
32 | JOHN HANCOCK SMALL CAP GROWTH FUND | ANNUAL REPORT |
(a) | reviewed financial information of the Advisor; |
(b) | reviewed and considered information presented by the Advisor regarding the net profitability to the Advisor and its affiliates with respect to the fund; |
(c) | received and reviewed profitability information with respect to the John Hancock Fund Complex as a whole and with respect to the fund; |
(d) | received information with respect to the Advisor’s allocation methodologies used in preparing the profitability data and considered that the Advisor hired an independent third-party consultant to provide an analysis of the Advisor’s allocation methodologies; |
(e) | considered that the John Hancock insurance companies that are affiliates of the Advisor, as shareholders of the Trust directly or through their separate accounts, receive certain tax credits or deductions relating to foreign taxes paid and dividends received by certain funds of the Trust and noted that these tax benefits, which are not available to participants in qualified retirement plans under applicable income tax law, are reflected in the profitability information reviewed by the Board; |
(f) | considered that the Advisor also provides administrative services to the fund on a cost basis pursuant to an administrative services agreement; |
(g) | noted that affiliates of the Advisor provide transfer agency services and distribution services to the fund, and that the fund’s distributor also receives Rule 12b-1 payments to support distribution of the fund; |
(h) | noted that the Advisor also derives reputational and other indirect benefits from providing advisory services to the fund; |
(i) | noted that the subadvisory fee for the fund is paid by the Advisor and is negotiated at arm’s length; |
(j) | considered the Advisor’s ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the fund industry; and |
ANNUAL REPORT | JOHN HANCOCK SMALL CAP GROWTH FUND | 33 |
(k) | considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it provides to the fund and the risks that it assumes as Advisor, including entrepreneurial, operational, reputational, litigation and regulatory risk. |
(a) | considered that the Advisor has contractually agreed to waive a portion of its management fee for certain funds of the John Hancock Fund Complex, including the fund (the participating portfolios) or otherwise reimburse the expenses of the participating portfolios (the reimbursement). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund; |
(b) | reviewed the fund’s advisory fee structure and concluded that: (i) the fund’s fee structure contains breakpoints at the subadvisory fee level and that such breakpoints are reflected as breakpoints in the advisory fees for the fund; and (ii) although economies of scale cannot be measured with precision, these arrangements permit shareholders of the fund to benefit from economies of scale if the fund grows. The Board also took into account management’s discussion of the fund’s advisory fee structure; and the Board also considered the effect of the fund’s growth in size on its performance and fees. The Board also noted that if the fund’s assets increase over time, the fund may realize other economies of scalethe Board also considered the effect of the fund’s growth in size on its performance and fees. The Board also noted that if the fund’s assets increase over time, the fund may realize other economies of scale; and |
(c) | the Board also considered the effect of the fund’s growth in size on its performance and fees. The Board also noted that if the fund’s assets increase over time, the fund may realize other economies of scale. |
(1) | information relating to the Subadvisor’s business, including current subadvisory services to the Trust (and other funds in the John Hancock Fund Complex); |
(2) | the historical and current performance of the fund and comparative performance information relating to an applicable benchmark index and comparable funds; |
(3) | the subadvisory fee for the fund, including any breakpoints, and to the extent available, comparable fee information prepared by an independent third party provider of fund data; and |
(4) | information relating to the nature and scope of any material relationships and their significance to the Trust’s Advisor and Subadvisor. |
34 | JOHN HANCOCK SMALL CAP GROWTH FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK SMALL CAP GROWTH FUND | 35 |
(1) | the Subadvisor has extensive experience and demonstrated skills as a manager; |
(2) | the performance of the fund is being monitored and reasonably addressed, where appropriate; |
(3) | the subadvisory fee is reasonable in relation to the level and quality of services being provided under the Subadvisory Agreement; and |
(4) | noted that the subadvisory fees are paid by the Advisor not the fund and that the subadvisory fee breakpoints are reflected as breakpoints in the advisory fees for the fund in order to permit shareholders to benefit from economies of scale if the fund grows. |
36 | JOHN HANCOCK SMALL CAP GROWTH FUND | ANNUAL REPORT |
• | The Fund’s investment strategy remained appropriate for an open-end fund structure; |
• | The Fund was able to meet requests for redemption without significant dilution of remaining investors’ interests in the Fund; |
• | The Fund did not report any breaches of the 15% limit on illiquid investments that would require reporting to the Securities and Exchange Commission; |
• | The Fund continued to qualify as a Primarily Highly Liquid Fund under the Liquidity Rule and therefore is not required to establish a HLIM; and |
• | The Chief Compliance Officer’s office performed audit testing of the LRMP which resulted in an assessment that the LRMP’s control environment was deemed to be operating effectively and in compliance with the Board approved procedures. |
ANNUAL REPORT | JOHN HANCOCK SMALL CAP GROWTH FUND | 37 |
38 | JOHN HANCOCK SMALL CAP GROWTH FUND | ANNUAL REPORT |
Independent Trustees | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Hassell H. McClellan, Born: 1945 | 2005 | 190 |
Trustee and Chairperson of the Board | ||
Director/Trustee, Virtus Funds (2008-2020); Director, The Barnes Group (2010-2021); Associate Professor, The Wallace E. Carroll School of Management, Boston College (retired 2013). Trustee (since 2005) and Chairperson of the Board (since 2017) of various trusts within the John Hancock Fund Complex. | ||
Charles L. Bardelis,2 Born: 1941 | 2005 | 190 |
Trustee | ||
Director, Island Commuter Corp. (marine transport). Trustee of various trusts within the John Hancock Fund Complex (since 1988). | ||
James R. Boyle, Born: 1959 | 2015 | 190 |
Trustee | ||
Chief Executive Officer, Foresters Financial (since 2018); Chairman and Chief Executive Officer, Zillion Group, Inc. (formerly HealthFleet, Inc.) (healthcare) (2014-2018); Executive Vice President and Chief Executive Officer, U.S. Life Insurance Division of Genworth Financial, Inc. (insurance) (January 2014–July 2014); Senior Executive Vice President, Manulife Financial, President and Chief Executive Officer, John Hancock (1999–2012); Chairman and Director, John Hancock Investment Management LLC, John Hancock Investment Management Distributors LLC, and John Hancock Variable Trust Advisers LLC (2005–2010). Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015). | ||
Peter S. Burgess,2 Born: 1942 | 2005 | 190 |
Trustee | ||
Consultant (financial, accounting, and auditing matters) (since 1999); Certified Public Accountant; Partner, Arthur Andersen (independent public accounting firm) (prior to 1999); Director, Lincoln Educational Services Corporation (2004-2021); Director, Symetra Financial Corporation (2010–2016); Director, PMA Capital Corporation (2004–2010). Trustee of various trusts within the John Hancock Fund Complex (since 2005). | ||
William H. Cunningham, Born: 1944 | 2012 | 190 |
Trustee | ||
Professor, University of Texas, Austin, Texas (since 1971); former Chancellor, University of Texas System and former President of the University of Texas, Austin, Texas; Chairman (since 2009) and Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000); former Director, LIN Television (2009–2014). Trustee of various trusts within the John Hancock Fund Complex (since 1986). | ||
Grace K. Fey, Born: 1946 | 2008 | 190 |
Trustee | ||
Chief Executive Officer, Grace Fey Advisors (since 2007); Director and Executive Vice President, Frontier Capital Management Company (1988–2007); Director, Fiduciary Trust (since 2009). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |
ANNUAL REPORT | JOHN HANCOCK SMALL CAP GROWTH FUND | 39 |
Independent Trustees (continued) | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Deborah C. Jackson, Born: 1952 | 2012 | 190 |
Trustee | ||
President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Amwell Corporation (since 2020); Board of Directors, Massachusetts Women’s Forum (2018-2020); Board of Directors, National Association of Corporate Directors/New England (2015-2020); Board of Directors, Association of Independent Colleges and Universities of Massachusetts (2014-2017); Chief Executive Officer, American Red Cross of Massachusetts Bay (2002–2011); Board of Directors of Eastern Bank Corporation (since 2001); Board of Directors of Eastern Bank Charitable Foundation (since 2001); Board of Directors of American Student Assistance Corporation (1996–2009); Board of Directors of Boston Stock Exchange (2002–2008); Board of Directors of Harvard Pilgrim Healthcare (health benefits company) (2007–2011). Trustee of various trusts within the John Hancock Fund Complex (since 2008). | ||
Steven R. Pruchansky, Born: 1944 | 2012 | 190 |
Trustee and Vice Chairperson of the Board | ||
Managing Director, Pru Realty (since 2017); Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (2014-2020); Director and President, Greenscapes of Southwest Florida, Inc. (until 2000); Member, Board of Advisors, First American Bank (until 2010); Managing Director, Jon James, LLC (real estate) (since 2000); Partner, Right Funding, LLC (2014-2017); Director, First Signature Bank & Trust Company (until 1991); Director, Mast Realty Trust (until 1994); President, Maxwell Building Corp. (until 1991). Trustee (since 1992), Chairperson of the Board (2011–2012), and Vice Chairperson of the Board (since 2012) of various trusts within the John Hancock Fund Complex. | ||
Frances G. Rathke,2,* Born: 1960 | 2020 | 190 |
Trustee | ||
Board Member, Oatly Group AB (plant-based drink company) (since 2021): Director, Northern New England Energy Corporation (since 2017); Director, Audit Committee Chair and Compensation Committee Member, Green Mountain Power Corporation (since 2016); Director, Treasurer and Finance & Audit Committee Chair, Flynn Center for Performing Arts (since 2016); Director, Audit Committee Chair and Compensation Committee Member, Planet Fitness (since 2016); Director, Citizen Cider, Inc. (high-end hard cider and hard seltzer company) (since 2016); Chief Financial Officer and Treasurer, Keurig Green Mountain, Inc. (2003-retired 2015); Independent Financial Consultant, Frances Rathke Consulting (strategic and financial consulting services) (2001-2003); Chief Financial Officer and Secretary, Ben & Jerry’s Homemade, Inc. (1989-2000, including prior positions); Senior Manager, Coopers & Lybrand, LLC (independent public accounting firm) (1982-1989). Trustee of various trusts within the John Hancock Fund Complex (since 2020). | ||
Gregory A. Russo, Born: 1949 | 2012 | 190 |
Trustee | ||
Director and Audit Committee Chairman (2012-2020), and Member, Audit Committee and Finance Committee (2011-2020), NCH Healthcare System, Inc. (holding company for multi-entity healthcare system); Director and Member (2012-2018) and Finance Committee Chairman (2014-2018), The Moorings, Inc. (nonprofit continuing care community); Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); Vice Chairman, Industrial Markets, KPMG (1998–2002); Chairman and Treasurer, Westchester County, New York, Chamber of Commerce (1986–1992); Director, Treasurer, and Chairman of Audit and Finance Committees, Putnam Hospital Center (1989–1995); Director and Chairman of Fundraising Campaign, United Way of Westchester and Putnam Counties, New York (1990–1995). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |
40 | JOHN HANCOCK SMALL CAP GROWTH FUND | ANNUAL REPORT |
Non-Independent Trustees3 | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Andrew G. Arnott, Born: 1971 | 2017 | 190 |
President and Non-Independent Trustee | ||
Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (since 2018); Director and Executive Vice President, John Hancock Investment Management LLC (since 2005, including prior positions); Director and Executive Vice President, John Hancock Variable Trust Advisers LLC (since 2006, including prior positions); President, John Hancock Investment Management Distributors LLC (since 2004, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2017). | ||
Marianne Harrison, Born: 1963 | 2018 | 190 |
Non-Independent Trustee | ||
President and CEO, John Hancock (since 2017); President and CEO, Manulife Canadian Division (2013–2017); Member, Board of Directors, Boston Medical Center (since 2021); Member, Board of Directors, CAE Inc. (since 2019); Member, Board of Directors, MA Competitive Partnership Board (since 2018); Member, Board of Directors, American Council of Life Insurers (ACLI) (since 2018); Member, Board of Directors, Communitech, an industry-led innovation center that fosters technology companies in Canada (2017-2019); Member, Board of Directors, Manulife Assurance Canada (2015-2017); Board Member, St. Mary’s General Hospital Foundation (2014-2017); Member, Board of Directors, Manulife Bank of Canada (2013- 2017); Member, Standing Committee of the Canadian Life & Health Assurance Association (2013-2017); Member, Board of Directors, John Hancock USA, John Hancock Life & Health, John Hancock New York (2012–2013). Trustee of various trusts within the John Hancock Fund Complex (since 2018). |
Principal officers who are not Trustees | |
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years | Current Position(s) with the Trust since |
Charles A. Rizzo, Born: 1957 | 2007 |
Chief Financial Officer | |
Vice President, John Hancock Financial Services (since 2008); Senior Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2008); Chief Financial Officer of various trusts within the John Hancock Fund Complex (since 2007). | |
Salvatore Schiavone, Born: 1965 | 2009 |
Treasurer | |
Assistant Vice President, John Hancock Financial Services (since 2007); Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2007); Treasurer of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). | |
Christopher (Kit) Sechler, Born: 1973 | 2018 |
Secretary and Chief Legal Officer | |
Vice President and Deputy Chief Counsel, John Hancock Investment Management (since 2015); Assistant Vice President and Senior Counsel (2009–2015), John Hancock Investment Management; Assistant Secretary of John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2009); Chief Legal Officer and Secretary of various trusts within the John Hancock Fund Complex (since 2009, including prior positions). |
ANNUAL REPORT | JOHN HANCOCK SMALL CAP GROWTH FUND | 41 |
Principal officers who are not Trustees (continued) | |
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years | Current Position(s) with the Trust since |
Trevor Swanberg, Born: 1979 | 2020 |
Chief Compliance Officer | |
Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2020); Deputy Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2019–2020); Assistant Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2016–2019); Vice President, State Street Global Advisors (2015–2016); Chief Compliance Officer of various trusts within the John Hancock Fund Complex (since 2016, including prior positions). |
1 | Each Trustee holds office until his or her successor is elected and qualified, or until the Trustee’s death, retirement, resignation, or removal. Mr. Boyle has served as Trustee at various times prior to the date listed in the table. |
2 | Member of the Audit Committee. |
3 | The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates. |
* | Appointed as Independent Trustee effective as of September 15, 2020. |
42 | JOHN HANCOCK SMALL CAP GROWTH FUND | ANNUAL 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
Frances G. Rathke*,1
Gregory A. Russo
President
Chief Financial Officer
Treasurer
Secretary and Chief Legal Officer
Chief Compliance Officer
Michael J. Mufson, CFA
Ezra S. Samet, CFA
Jennifer K. Silver, CFA
Anthony E. Sutton
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 |
ANNUAL REPORT | JOHN HANCOCK SMALL CAP GROWTH FUND | 43 |
GOVERNANCE FUNDS
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
MF1823042 | 470A 8/21 |
President and CEO,
John Hancock Investment Management
Head of Wealth and Asset Management,
United States and Europe
ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 1 |
2 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 3 |
TOP 10 HOLDINGS AS OF 8/31/2021 (% of net assets) | |
VAT Group AG | 0.4 |
Georg Fischer AG | 0.3 |
IMCD NV | 0.3 |
Signify NV | 0.3 |
Rexel SA | 0.3 |
BE Semiconductor Industries NV | 0.3 |
Royal Mail PLC | 0.3 |
LANXESS AG | 0.3 |
PSP Swiss Property AG | 0.3 |
ASR Nederland NV | 0.3 |
TOTAL | 3.1 |
Cash and cash equivalents are not included. |
TOP 10 COUNTRIES AS OF 8/31/2021 (% of net assets) | |
Japan | 22.5 |
United Kingdom | 13.7 |
Canada | 9.2 |
Switzerland | 6.9 |
Germany | 6.8 |
Australia | 6.1 |
France | 4.3 |
Sweden | 3.8 |
Italy | 3.5 |
Netherlands | 2.7 |
TOTAL | 79.5 |
Cash and cash equivalents are not included. |
4 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 5 |
Average annual total returns (%) with maximum sales charge | Cumulative total returns (%) with maximum sales charge | ||||
1-year | 5-year | 10-year | 5-year | 10-year | |
Class A1 | 27.96 | 8.81 | 7.56 | 52.50 | 107.32 |
Class C1 | 32.76 | 9.06 | 7.58 | 54.30 | 107.62 |
Class I1,2 | 35.21 | 10.17 | 8.37 | 62.31 | 123.32 |
Class R61,2 | 35.30 | 10.30 | 8.47 | 63.24 | 125.45 |
Class NAV2 | 35.31 | 10.31 | 8.47 | 63.33 | 125.57 |
Index 1† | 33.13 | 11.71 | 9.07 | 73.96 | 138.16 |
Index 2† | 32.81 | 11.84 | 9.92 | 75.00 | 157.55 |
Class A | Class C | Class I | Class R6 | Class NAV | |
Gross (%) | 1.38 | 2.08 | 1.08 | 0.97 | 0.95 |
Net (%) | 1.37 | 2.07 | 1.07 | 0.96 | 0.94 |
6 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT |
Start date | With maximum sales charge ($) | Without sales charge ($) | Index 1 ($) | Index 2 ($) | |
Class C1,3 | 8-31-11 | 20,762 | 20,762 | 23,816 | 25,755 |
Class I1,2 | 8-31-11 | 22,332 | 22,332 | 23,816 | 25,755 |
Class R61,2 | 8-31-11 | 22,545 | 22,545 | 23,816 | 25,755 |
Class NAV2 | 8-31-11 | 22,557 | 22,557 | 23,816 | 25,755 |
1 | Class A and Class I shares were first offered on 6-27-13. Class C and Class R6 shares were first offered on 6-27-14 and 8-30-17, respectively. Returns prior to this date are those of Class NAV 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. |
ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 7 |
8 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT |
Account value on 3-1-2021 | Ending value on 8-31-2021 | Expenses paid during period ended 8-31-20211 | Annualized expense ratio | ||
Class A | Actual expenses/actual returns | $1,000.00 | $1,126.30 | $7.45 | 1.39% |
Hypothetical example | 1,000.00 | 1,018.20 | 7.07 | 1.39% | |
Class C | Actual expenses/actual returns | 1,000.00 | 1,121.80 | 10.96 | 2.05% |
Hypothetical example | 1,000.00 | 1,014.90 | 10.41 | 2.05% | |
Class I | Actual expenses/actual returns | 1,000.00 | 1,128.10 | 5.69 | 1.06% |
Hypothetical example | 1,000.00 | 1,019.90 | 5.40 | 1.06% | |
Class R6 | Actual expenses/actual returns | 1,000.00 | 1,128.90 | 5.04 | 0.94% |
Hypothetical example | 1,000.00 | 1,020.50 | 4.79 | 0.94% | |
Class NAV | Actual expenses/actual returns | 1,000.00 | 1,128.90 | 4.99 | 0.93% |
Hypothetical example | 1,000.00 | 1,020.50 | 4.74 | 0.93% |
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). |
ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 9 |
Shares | Value | % of Net Assets | ||||
Common stocks 98.7% | $881,124,926 | |||||
(Cost $648,721,982) | ||||||
Australia 6.1% | 54,565,285 | 6.1% | ||||
OZ Minerals, Ltd. | 128,791 | 2,200,893 | 0.3% | |||
OTHER SECURITIES | 52,364,392 | 5.8% | ||||
Austria 1.6% | 14,410,906 | 1.6% | ||||
voestalpine AG | 32,182 | 1,460,899 | 0.2% | |||
Wienerberger AG | 37,835 | 1,484,566 | 0.2% | |||
OTHER SECURITIES | 11,465,441 | 1.2% | ||||
Belgium 1.7% | 14,649,571 | 1.7% | ||||
Ackermans & van Haaren NV | 8,068 | 1,484,762 | 0.2% | |||
D’ieteren Group | 11,084 | 1,731,993 | 0.2% | |||
OTHER SECURITIES | 11,432,816 | 1.3% | ||||
Bermuda 0.1% | 986,222 | 0.1% | ||||
Cambodia 0.0% | 212,248 | 0.0% | ||||
Canada 9.2% | 82,020,932 | 9.2% | ||||
ARC Resources, Ltd. | 210,632 | 1,504,216 | 0.2% | |||
Capital Power Corp. | 42,605 | 1,465,249 | 0.2% | |||
OTHER SECURITIES | 79,051,467 | 8.8% | ||||
Chile 0.0% | 10,145 | 0.0% | ||||
China 0.0% | 208,823 | 0.0% | ||||
Denmark 2.2% | 19,705,685 | 2.2% | ||||
Royal Unibrew A/S | 16,664 | 2,152,778 | 0.3% | |||
SimCorp A/S | 13,331 | 1,818,306 | 0.2% | |||
OTHER SECURITIES | 15,734,601 | 1.7% | ||||
Faeroe Islands 0.0% | 36,350 | 0.0% | ||||
Finland 2.5% | 22,572,932 | 2.5% | ||||
Huhtamaki OYJ | 34,321 | 1,833,579 | 0.2% | |||
Nokian Renkaat OYJ | 47,202 | 1,798,989 | 0.2% | |||
Orion OYJ, Class A | 8,076 | 330,053 | 0.1% | |||
Orion OYJ, Class B | 34,310 | 1,399,508 | 0.2% |
10 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | % of Net Assets | ||||
Finland (continued) | 2.5% | |||||
Valmet OYJ | 48,158 | $1,932,590 | 0.2% | |||
OTHER SECURITIES | 15,278,213 | 1.6% | ||||
France 4.3% | 38,310,641 | 4.3% | ||||
Faurecia SE | 35,046 | 1,693,094 | 0.2% | |||
Rexel SA (A) | 106,897 | 2,237,787 | 0.3% | |||
SCOR SE | 48,400 | 1,485,383 | 0.2% | |||
SOITEC (A) | 7,486 | 1,792,949 | 0.2% | |||
OTHER SECURITIES | 31,101,428 | 3.4% | ||||
Gabon 0.0% | 38,664 | 0.0% | ||||
Georgia 0.1% | 492,663 | 0.1% | ||||
Germany 6.4% | 57,181,129 | 6.4% | ||||
GEA Group AG | 47,553 | 2,194,942 | 0.3% | |||
LANXESS AG | 30,412 | 2,216,808 | 0.3% | |||
Rheinmetall AG | 15,969 | 1,561,640 | 0.2% | |||
TAG Immobilien AG | 53,515 | 1,812,315 | 0.2% | |||
OTHER SECURITIES | 49,395,424 | 5.4% | ||||
Gibraltar 0.1% | 625,283 | 0.1% | ||||
Greece 0.0% | 14,279 | 0.0% | ||||
Greenland 0.0% | 30,822 | 0.0% | ||||
Guernsey, Channel Islands 0.0% | 70,254 | 0.0% | ||||
Hong Kong 2.3% | 20,782,042 | 2.3% | ||||
Ireland 0.7% | 6,417,063 | 0.7% | ||||
Bank of Ireland Group PLC (A) | 46,962 | 293,948 | 0.0% | |||
Bank of Ireland Group PLC (London Stock Exchange) (A) | 215,337 | 1,346,865 | 0.2% | |||
Grafton Group PLC | 86,201 | 1,656,508 | 0.2% | |||
OTHER SECURITIES | 3,119,742 | 0.3% | ||||
Isle of Man 0.1% | 920,510 | 0.1% | ||||
Israel 1.5% | 13,174,699 | 1.5% | ||||
Italy 3.5% | 31,261,491 | 3.5% | ||||
Banco BPM SpA | 532,763 | 1,766,831 | 0.2% | |||
Reply SpA | 7,894 | 1,592,098 | 0.2% | |||
OTHER SECURITIES | 27,902,562 | 3.1% | ||||
Japan 22.5% | 200,647,462 | 22.5% | ||||
Jersey, Channel Islands 0.2% | 1,248,638 | 0.2% |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 11 |
Shares | Value | % of Net Assets | ||||
Liechtenstein 0.1% | $480,596 | 0.1% | ||||
Luxembourg 0.6% | 5,067,813 | 0.6% | ||||
Macau 0.0% | 96,993 | 0.0% | ||||
Malaysia 0.2% | 1,637,512 | 0.2% | ||||
Malta 0.0% | 11,508 | 0.0% | ||||
Monaco 0.0% | 97,464 | 0.0% | ||||
Netherlands 2.7% | 23,764,486 | 2.7% | ||||
Aalberts NV | 34,852 | 2,176,369 | 0.3% | |||
Arcadis NV | 36,480 | 1,806,314 | 0.2% | |||
ASR Nederland NV | 48,243 | 2,204,453 | 0.3% | |||
BE Semiconductor Industries NV | 24,555 | 2,234,435 | 0.3% | |||
IMCD NV | 12,200 | 2,403,162 | 0.3% | |||
Signify NV (B) | 40,756 | 2,283,259 | 0.3% | |||
OTHER SECURITIES | 10,656,494 | 1.0% | ||||
New Zealand 0.6% | 5,317,029 | 0.6% | ||||
Norway 0.8% | 7,322,719 | 0.8% | ||||
Peru 0.0% | 223,786 | 0.0% | ||||
Philippines 0.0% | 35,482 | 0.0% | ||||
Portugal 0.3% | 2,723,716 | 0.3% | ||||
Russia 0.0% | 244,215 | 0.0% | ||||
Singapore 1.2% | 10,982,157 | 1.2% | ||||
South Africa 0.1% | 1,075,809 | 0.1% | ||||
Spain 2.1% | 18,965,274 | 2.1% | ||||
Sweden 3.8% | 33,707,515 | 3.8% | ||||
Switzerland 6.9% | 61,757,718 | 6.9% | ||||
Belimo Holding AG | 3,480 | 1,814,702 | 0.2% | |||
Clariant AG (A) | 70,991 | 1,494,002 | 0.2% | |||
Georg Fischer AG | 1,502 | 2,464,733 | 0.3% | |||
Helvetia Holding AG | 12,955 | 1,483,705 | 0.2% | |||
PSP Swiss Property AG | 16,489 | 2,211,731 | 0.3% | |||
Siegfried Holding AG (A) | 1,933 | 1,865,929 | 0.2% | |||
VAT Group AG (B) | 8,879 | 3,718,971 | 0.4% | |||
OTHER SECURITIES | 46,703,945 | 5.1% | ||||
United Arab Emirates 0.0% | 160,606 | 0.0% |
12 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | % of Net Assets | ||||
United Kingdom 13.7% | $122,544,861 | 13.7% | ||||
Bellway PLC | 34,743 | 1,683,786 | 0.2% | |||
Dialog Semiconductor PLC (A) | 24,633 | 1,957,966 | 0.2% | |||
Greggs PLC (A) | 36,911 | 1,539,731 | 0.2% | |||
IMI PLC | 82,904 | 2,078,950 | 0.2% | |||
Inchcape PLC | 145,142 | 1,835,650 | 0.2% | |||
Man Group PLC | 559,207 | 1,661,308 | 0.2% | |||
Meggitt PLC (A) | 160,510 | 1,832,041 | 0.2% | |||
Rotork PLC | 319,702 | 1,467,622 | 0.2% | |||
Royal Mail PLC | 325,910 | 2,219,699 | 0.3% | |||
Spectris PLC | 27,766 | 1,504,874 | 0.2% | |||
Tate & Lyle PLC | 160,966 | 1,563,325 | 0.2% | |||
Travis Perkins PLC (A) | 59,014 | 1,462,062 | 0.2% | |||
OTHER SECURITIES | 101,737,847 | 11.2% | ||||
United States 0.5% | 4,312,928 | 0.5% | ||||
Preferred securities 0.4% | $3,613,369 | |||||
(Cost $2,270,918) | ||||||
Germany 0.4% | 3,613,369 | 0.4% | ||||
Rights 0.0% | $78,667 | |||||
(Cost $44,296) | ||||||
Warrants 0.0% | $15,522 | |||||
(Cost $0) |
Yield (%) | Shares | Value | % of Net Assets | |||
Short-term investments 1.9% | $16,515,754 | |||||
(Cost $16,506,359) | ||||||
Short-term funds 1.9% | 16,515,754 | 1.9% | ||||
John Hancock Collateral Trust (C) | 0.0356 (D) | 1,650,404 | 16,515,754 | 1.9% |
Total investments (Cost $667,543,555) 101.0% | $901,348,238 | 101.0% | |||
Other assets and liabilities, net (1.0%) | (8,606,617) | (1.0)% | |||
Total net assets 100.0% | $892,741,621 | 100.0% |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
(B) | 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) | Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |
(D) | The rate shown is the annualized seven-day yield as of 8-31-21. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 13 |
Open contracts | Number of contracts | Position | Expiration date | Notional basis^ | Notional value^ | Unrealized appreciation (depreciation) |
Mini MSCI EAFE Index Futures | 31 | Long | Sep 2021 | $3,549,403 | $3,642,345 | $92,942 |
$92,942 |
14 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Assets | |
Unaffiliated investments, at value (Cost $651,037,196) including $31,314,743 of securities loaned | $884,832,484 |
Affiliated investments, at value (Cost $16,506,359) | 16,515,754 |
Total investments, at value (Cost $667,543,555) | 901,348,238 |
Cash | 6,016,159 |
Foreign currency, at value (Cost $1,479,085) | 1,481,905 |
Collateral held at broker for futures contracts | 187,829 |
Dividends and interest receivable | 2,369,740 |
Receivable for fund shares sold | 335,049 |
Receivable for investments sold | 1,207,477 |
Receivable for securities lending income | 40,953 |
Other assets | 67,940 |
Total assets | 913,055,290 |
Liabilities | |
Payable for futures variation margin | 5,890 |
Payable for investments purchased | 991,621 |
Payable for fund shares repurchased | 2,533,367 |
Payable upon return of securities loaned | 16,521,868 |
Payable to affiliates | |
Accounting and legal services fees | 34,452 |
Transfer agent fees | 7,624 |
Trustees’ fees | 228 |
Other liabilities and accrued expenses | 218,619 |
Total liabilities | 20,313,669 |
Net assets | $892,741,621 |
Net assets consist of | |
Paid-in capital | $603,033,173 |
Total distributable earnings (loss) | 289,708,448 |
Net assets | $892,741,621 |
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 ($71,875,327 ÷ 5,269,153 shares)1 | $13.64 |
Class C ($1,230,374 ÷ 90,259 shares)1 | $13.63 |
Class I ($1,650,999 ÷ 120,981 shares) | $13.65 |
Class R6 ($78,204,857 ÷ 5,725,790 shares) | $13.66 |
Class NAV ($739,780,064 ÷ 54,168,283 shares) | $13.66 |
Maximum offering price per share | |
Class A (net asset value per share ÷ 95%)2 | $14.36 |
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 | ANNUAL REPORT | JOHN HANCOCK International Small Company Fund | 15 |
Investment income | |
Dividends | $20,657,805 |
Securities lending | 719,404 |
Interest | 4,419 |
Less foreign taxes withheld | (1,996,353) |
Total investment income | 19,385,275 |
Expenses | |
Investment management fees | 7,676,085 |
Distribution and service fees | 198,442 |
Accounting and legal services fees | 123,858 |
Transfer agent fees | 80,665 |
Trustees’ fees | 15,293 |
Custodian fees | 442,983 |
State registration fees | 72,651 |
Printing and postage | 54,502 |
Professional fees | 107,813 |
Other | 41,805 |
Total expenses | 8,814,097 |
Less expense reductions | (79,722) |
Net expenses | 8,734,375 |
Net investment income | 10,650,900 |
Realized and unrealized gain (loss) | |
Net realized gain (loss) on | |
Unaffiliated investments and foreign currency transactions | 67,411,505 |
Affiliated investments | (1,666) |
Futures contracts | 844,410 |
68,254,249 | |
Change in net unrealized appreciation (depreciation) of | |
Unaffiliated investments and translation of assets and liabilities in foreign currencies | 178,330,609 |
Affiliated investments | (12,931) |
Futures contracts | 63,957 |
178,381,635 | |
Net realized and unrealized gain | 246,635,884 |
Increase in net assets from operations | $257,286,784 |
16 | JOHN HANCOCK International Small Company Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Year ended 8-31-21 | Year ended 8-31-20 | |
Increase (decrease) in net assets | ||
From operations | ||
Net investment income | $10,650,900 | $11,466,352 |
Net realized gain | 68,254,249 | 10,256,896 |
Change in net unrealized appreciation (depreciation) | 178,381,635 | 46,018,750 |
Increase in net assets resulting from operations | 257,286,784 | 67,741,998 |
Distributions to shareholders | ||
From earnings | ||
Class A | (1,449,385) | (2,279,906) |
Class C | (24,911) | (49,079) |
Class I | (20,078) | (83,748) |
Class R6 | (1,857,867) | (2,807,642) |
Class NAV | (19,892,934) | (30,025,515) |
Total distributions | (23,245,175) | (35,245,890) |
From fund share transactions | (141,938,989) | 13,256,822 |
Total increase | 92,102,620 | 45,752,930 |
Net assets | ||
Beginning of year | 800,639,001 | 754,886,071 |
End of year | $892,741,621 | $800,639,001 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK International Small Company Fund | 17 |
CLASS A SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $10.38 | $10.08 | $12.51 | $12.33 | $10.35 |
Net investment income1 | 0.11 | 0.12 | 0.16 | 0.17 | 0.15 |
Net realized and unrealized gain (loss) on investments | 3.45 | 0.62 | (1.66) | 0.22 | 2.03 |
Total from investment operations | 3.56 | 0.74 | (1.50) | 0.39 | 2.18 |
Less distributions | |||||
From net investment income | (0.15) | (0.20) | (0.12) | (0.21) | (0.20) |
From net realized gain | (0.15) | (0.24) | (0.81) | — | — |
Total distributions | (0.30) | (0.44) | (0.93) | (0.21) | (0.20) |
Net asset value, end of period | $13.64 | $10.38 | $10.08 | $12.51 | $12.33 |
Total return (%)2,3 | 34.74 | 7.13 | (11.32) | 3.11 | 21.56 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $72 | $52 | $53 | $55 | $30 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 1.41 | 1.48 | 1.48 | 1.49 | 1.50 |
Expenses including reductions | 1.39 | 1.39 | 1.39 | 1.39 | 1.39 |
Net investment income | 0.88 | 1.17 | 1.49 | 1.31 | 1.30 |
Portfolio turnover (%) | 12 | 22 | 15 | 19 | 13 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
3 | Does not reflect the effect of sales charges, if any. |
18 | JOHN HANCOCK International Small Company Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS C SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $10.37 | $10.09 | $12.48 | $12.31 | $10.34 |
Net investment income1 | 0.02 | 0.04 | 0.07 | 0.06 | 0.05 |
Net realized and unrealized gain (loss) on investments | 3.46 | 0.60 | (1.63) | 0.23 | 2.05 |
Total from investment operations | 3.48 | 0.64 | (1.56) | 0.29 | 2.10 |
Less distributions | |||||
From net investment income | (0.07) | (0.12) | (0.02) | (0.12) | (0.13) |
From net realized gain | (0.15) | (0.24) | (0.81) | — | — |
Total distributions | (0.22) | (0.36) | (0.83) | (0.12) | (0.13) |
Net asset value, end of period | $13.63 | $10.37 | $10.09 | $12.48 | $12.31 |
Total return (%)2,3 | 33.76 | 6.24 | (11.95) | 2.31 | 20.54 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $1 | $1 | $1 | $2 | $2 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 2.11 | 2.18 | 2.18 | 2.19 | 2.20 |
Expenses including reductions | 2.10 | 2.17 | 2.17 | 2.18 | 2.19 |
Net investment income | 0.15 | 0.39 | 0.66 | 0.44 | 0.49 |
Portfolio turnover (%) | 12 | 22 | 15 | 19 | 13 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
3 | Does not reflect the effect of sales charges, if any. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK International Small Company Fund | 19 |
CLASS I SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $10.37 | $10.08 | $12.51 | $12.33 | $10.35 |
Net investment income1 | 0.15 | 0.13 | 0.13 | 0.09 | 0.17 |
Net realized and unrealized gain (loss) on investments | 3.45 | 0.62 | (1.60) | 0.33 | 2.04 |
Total from investment operations | 3.60 | 0.75 | (1.47) | 0.42 | 2.21 |
Less distributions | |||||
From net investment income | (0.17) | (0.22) | (0.15) | (0.24) | (0.23) |
From net realized gain | (0.15) | (0.24) | (0.81) | — | — |
Total distributions | (0.32) | (0.46) | (0.96) | (0.24) | (0.23) |
Net asset value, end of period | $13.65 | $10.37 | $10.08 | $12.51 | $12.33 |
Total return (%)2 | 35.21 | 7.24 | (11.07) | 3.32 | 21.82 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $2 | $1 | $2 | $6 | $51 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 1.11 | 1.18 | 1.19 | 1.19 | 1.18 |
Expenses including reductions | 1.10 | 1.17 | 1.19 | 1.18 | 1.18 |
Net investment income | 1.19 | 1.27 | 1.24 | 0.75 | 1.55 |
Portfolio turnover (%) | 12 | 22 | 15 | 19 | 13 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
20 | JOHN HANCOCK International Small Company Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS R6 SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-171 |
Per share operating performance | |||||
Net asset value, beginning of period | $10.38 | $10.08 | $12.51 | $12.33 | $12.21 |
Net investment income2 | 0.15 | 0.15 | 0.19 | 0.28 | —3 |
Net realized and unrealized gain (loss) on investments | 3.46 | 0.63 | (1.65) | 0.15 | 0.12 |
Total from investment operations | 3.61 | 0.78 | (1.46) | 0.43 | 0.12 |
Less distributions | |||||
From net investment income | (0.18) | (0.24) | (0.16) | (0.25) | — |
From net realized gain | (0.15) | (0.24) | (0.81) | — | — |
Total distributions | (0.33) | (0.48) | (0.97) | (0.25) | — |
Net asset value, end of period | $13.66 | $10.38 | $10.08 | $12.51 | $12.33 |
Total return (%)4 | 35.30 | 7.45 | (10.97) | 3.41 | 0.985 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $78 | $63 | $61 | $68 | $—6 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 1.01 | 1.07 | 1.08 | 1.10 | 1.097 |
Expenses including reductions | 1.00 | 1.06 | 1.07 | 1.09 | 1.087 |
Net investment income | 1.27 | 1.51 | 1.80 | 2.17 | 10.627 |
Portfolio turnover (%) | 12 | 22 | 15 | 19 | 138 |
1 | The inception date for Class R6 shares is 8-30-17. |
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 | Less than $500,000. |
7 | Annualized. |
8 | Portfolio turnover is shown for the period from 9-1-16 to 8-31-17. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK International Small Company Fund | 21 |
CLASS NAV SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $10.38 | $10.08 | $12.51 | $12.33 | $10.35 |
Net investment income1 | 0.15 | 0.15 | 0.21 | 0.20 | 0.18 |
Net realized and unrealized gain (loss) on investments | 3.46 | 0.63 | (1.67) | 0.23 | 2.04 |
Total from investment operations | 3.61 | 0.78 | (1.46) | 0.43 | 2.22 |
Less distributions | |||||
From net investment income | (0.18) | (0.24) | (0.16) | (0.25) | (0.24) |
From net realized gain | (0.15) | (0.24) | (0.81) | — | — |
Total distributions | (0.33) | (0.48) | (0.97) | (0.25) | (0.24) |
Net asset value, end of period | $13.66 | $10.38 | $10.08 | $12.51 | $12.33 |
Total return (%)2 | 35.31 | 7.47 | (10.96) | 3.42 | 21.96 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $740 | $684 | $637 | $499 | $531 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 1.00 | 1.05 | 1.07 | 1.08 | 1.08 |
Expenses including reductions | 0.99 | 1.05 | 1.06 | 1.07 | 1.07 |
Net investment income | 1.28 | 1.53 | 1.97 | 1.56 | 1.61 |
Portfolio turnover (%) | 12 | 22 | 15 | 19 | 13 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
22 | JOHN HANCOCK International Small Company Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
ANNUAL REPORT | JOHN HANCOCK International Small Company Fund | 23 |
Total value at 8-31-21 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
Common stocks | ||||
Australia | $54,565,285 | $436,914 | $54,092,444 | $35,927 |
Austria | 14,410,906 | — | 14,410,906 | — |
Belgium | 14,649,571 | — | 14,649,571 | — |
Bermuda | 986,222 | — | 986,222 | — |
Cambodia | 212,248 | — | 212,248 | — |
Canada | 82,020,932 | 82,020,797 | 127 | 8 |
Chile | 10,145 | 10,145 | — | — |
China | 208,823 | — | 208,823 | — |
Denmark | 19,705,685 | — | 19,705,685 | — |
Faeroe Islands | 36,350 | — | 36,350 | — |
Finland | 22,572,932 | — | 22,572,932 | — |
France | 38,310,641 | — | 38,300,922 | 9,719 |
Gabon | 38,664 | — | 38,664 | — |
Georgia | 492,663 | — | 492,663 | — |
Germany | 57,181,129 | — | 57,181,129 | — |
24 | JOHN HANCOCK International Small Company Fund | ANNUAL REPORT |
Total value at 8-31-21 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Gibraltar | $625,283 | — | $625,283 | — |
Greece | 14,279 | — | 14,240 | $39 |
Greenland | 30,822 | — | 30,822 | — |
Guernsey, Channel Islands | 70,254 | — | 70,254 | — |
Hong Kong | 20,782,042 | $46,185 | 20,571,415 | 164,442 |
Ireland | 6,417,063 | — | 6,417,063 | — |
Isle of Man | 920,510 | — | 920,510 | — |
Israel | 13,174,699 | 207,604 | 12,967,095 | — |
Italy | 31,261,491 | — | 31,261,491 | — |
Japan | 200,647,462 | — | 200,647,462 | — |
Jersey, Channel Islands | 1,248,638 | — | 1,248,638 | — |
Liechtenstein | 480,596 | — | 480,596 | — |
Luxembourg | 5,067,813 | — | 5,067,813 | — |
Macau | 96,993 | — | 96,993 | — |
Malaysia | 1,637,512 | — | 1,637,512 | — |
Malta | 11,508 | — | 11,508 | — |
Monaco | 97,464 | — | 97,464 | — |
Netherlands | 23,764,486 | — | 23,764,486 | — |
New Zealand | 5,317,029 | — | 5,317,029 | — |
Norway | 7,322,719 | — | 7,322,719 | — |
Peru | 223,786 | — | 223,786 | — |
Philippines | 35,482 | — | 35,482 | — |
Portugal | 2,723,716 | — | 2,723,716 | — |
Russia | 244,215 | — | 244,215 | — |
Singapore | 10,982,157 | — | 10,856,364 | 125,793 |
South Africa | 1,075,809 | — | 1,075,809 | — |
Spain | 18,965,274 | — | 18,965,274 | — |
Sweden | 33,707,515 | — | 33,707,515 | — |
Switzerland | 61,757,718 | — | 61,757,718 | — |
United Arab Emirates | 160,606 | — | 160,606 | — |
United Kingdom | 122,544,861 | 1,395,603 | 121,134,193 | 15,065 |
United States | 4,312,928 | 1,618,027 | 2,694,901 | — |
Preferred securities | 3,613,369 | — | 3,613,369 | — |
Rights | 78,667 | 6,627 | 9,212 | 62,828 |
Warrants | 15,522 | 6,376 | 9,146 | — |
Short-term investments | 16,515,754 | 16,515,754 | — | — |
Total investments in securities | $901,348,238 | $102,264,032 | $798,670,385 | $413,821 |
Derivatives: | ||||
Assets | ||||
Futures | $92,942 | $92,942 | — | — |
Level 3 includes securities valued at $0. Refer to Fund’s investments. |
ANNUAL REPORT | JOHN HANCOCK International Small Company Fund | 25 |
26 | JOHN HANCOCK International Small Company Fund | ANNUAL REPORT |
August 31, 2021 | August 31, 2020 | |
Ordinary income | $21,970,199 | $18,831,042 |
Long-term capital gains | 1,274,976 | 16,414,848 |
Total | $23,245,175 | $35,245,890 |
ANNUAL REPORT | JOHN HANCOCK International Small Company Fund | 27 |
28 | JOHN HANCOCK International Small Company Fund | ANNUAL REPORT |
Risk | Statement of assets and liabilities location | Financial instruments location | Assets derivatives fair value | Liabilities derivatives fair value |
Equity | Receivable/payable for futures variation margin1 | Futures | $92,942 | — |
1 | Reflects cumulative appreciation/depreciation on open futures as disclosed in the Derivatives section of Fund’s investments. Only the year end variation margin receivable/payable is separately reported on the Statement of assets and liabilities. |
Statement of operations location - Net realized gain (loss) on: | |
Risk | Futures contracts |
Equity | $844,410 |
Statement of operations location - Change in net unrealized appreciation (depreciation) of: | |
Risk | Futures contracts |
Equity | $63,957 |
ANNUAL REPORT | JOHN HANCOCK International Small Company Fund | 29 |
Class | Expense reduction |
Class A | $12,701 |
Class C | 111 |
Class I | 82 |
Class | Expense reduction |
Class R6 | $5,917 |
Class NAV | 60,911 |
Total | $79,722 |
Class | Rule 12b-1 Fee |
Class A | 0.30% |
Class C | 1.00% |
30 | JOHN HANCOCK International Small Company Fund | ANNUAL REPORT |
Class | Distribution and service fees | Transfer agent fees |
Class A | $185,274 | $71,086 |
Class C | 13,168 | 1,517 |
Class I | — | 1,093 |
Class R6 | — | 6,969 |
Total | $198,442 | $80,665 |
Borrower or Lender | Weighted Average Loan Balance | Days Outstanding | Weighted Average Interest Rate | Interest Income (Expense) |
Borrower | $5,195,856 | 29 | 0.648% | $(2,712) |
Lender | 3,100,000 | 1 | 0.665% | 57 |
ANNUAL REPORT | JOHN HANCOCK International Small Company Fund | 31 |
Year Ended 8-31-21 | Year Ended 8-31-20 | |||
Shares | Amount | Shares | Amount | |
Class A shares | ||||
Sold | 1,029,808 | $12,840,638 | 1,126,947 | $11,198,208 |
Distributions reinvested | 124,625 | 1,449,385 | 208,021 | 2,279,906 |
Repurchased | (942,936) | (11,320,466) | (1,502,887) | (14,569,496) |
Net increase (decrease) | 211,497 | $2,969,557 | (167,919) | $(1,091,382) |
Class C shares | ||||
Sold | 4,671 | $56,134 | 30,809 | $256,174 |
Distributions reinvested | 2,133 | 24,911 | 4,453 | 49,079 |
Repurchased | (38,154) | (475,292) | (60,123) | (576,507) |
Net decrease | (31,350) | $(394,247) | (24,861) | $(271,254) |
Class I shares | ||||
Sold | 88,300 | $1,134,817 | 25,362 | $260,418 |
Distributions reinvested | 1,729 | 20,078 | 7,655 | 83,748 |
Repurchased | (34,064) | (416,040) | (210,627) | (2,108,712) |
Net increase (decrease) | 55,965 | $738,855 | (177,610) | $(1,764,546) |
Class R6 shares | ||||
Sold | 1,122,369 | $13,840,179 | 1,872,871 | $17,870,556 |
Distributions reinvested | 159,880 | 1,857,805 | 256,640 | 2,807,642 |
Repurchased | (1,583,667) | (18,858,849) | (2,177,635) | (21,096,976) |
Net decrease | (301,418) | $(3,160,865) | (48,124) | $(418,778) |
Class NAV shares | ||||
Sold | 543,350 | $6,756,585 | 11,840,935 | $111,516,664 |
Distributions reinvested | 1,713,431 | 19,892,934 | 2,744,563 | 30,025,515 |
Repurchased | (13,985,510) | (168,741,808) | (11,889,230) | (124,739,397) |
Net increase (decrease) | (11,728,729) | $(142,092,289) | 2,696,268 | $16,802,782 |
Total net increase (decrease) | (11,794,035) | $(141,938,989) | 2,277,754 | $13,256,822 |
32 | JOHN HANCOCK International Small Company Fund | ANNUAL REPORT |
Portfolio/Fund | Affiliated Concentration |
John Hancock Funds II Multimanager Lifestyle Growth Portfolio | 31.9% |
John Hancock Funds II Multimanager Lifestyle Balanced Portfolio | 17.0% |
John Hancock Funds II Multimanager Lifestyle Aggressive Portfolio | 14.1% |
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* | 1,650,404 | $42,597,673 | $102,495,926 | $(128,563,248) | $(1,666) | $(12,931) | $719,404 | — | $16,515,754 |
* | Refer to the Securities lending note within Note 2 for details regarding this investment. |
ANNUAL REPORT | JOHN HANCOCK International Small Company Fund | 33 |
34 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 35 |
36 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT |
(a) | skills and competency with which the Advisor has in the past managed the Trust’s affairs and its subadvisory relationship, the Advisor’s oversight and monitoring of the Subadvisor’s investment performance and compliance programs, such as the Subadvisor’s compliance with fund policies and objectives, review of brokerage matters, including with respect to trade allocation and best execution and the Advisor’s timeliness in responding to performance issues; |
(b) | the background, qualifications and skills of the Advisor’s personnel; |
(c) | the Advisor’s compliance policies and procedures and its responsiveness to regulatory changes and fund industry developments; |
ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 37 |
(d) | the Advisor’s administrative capabilities, including its ability to supervise the other service providers for the fund, as well as the Advisor’s oversight of any securities lending activity, its monitoring of class action litigation and collection of class action settlements on behalf of the fund, and bringing loss recovery actions on behalf of the fund; |
(e) | the financial condition of the Advisor and whether it has the financial wherewithal to provide a high level and quality of services to the fund; |
(f) | the Advisor’s initiatives intended to improve various aspects of the Trust’s operations and investor experience with the fund; and |
(g) | the Advisor’s reputation and experience in serving as an investment advisor to the Trust and the benefit to shareholders of investing in funds that are part of a family of funds offering a variety of investments. |
(a) | reviewed information prepared by management regarding the fund’s performance; |
(b) | considered the comparative performance of an applicable benchmark index; |
(c) | considered the performance of comparable funds, if any, as included in the report prepared by an independent third-party provider of fund data; and |
(d) | took into account the Advisor’s analysis of the fund’s performance and its plans and recommendations regarding the Trust’s subadvisory arrangements generally. |
38 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT |
(a) | reviewed financial information of the Advisor; |
(b) | reviewed and considered information presented by the Advisor regarding the net profitability to the Advisor and its affiliates with respect to the fund; |
(c) | received and reviewed profitability information with respect to the John Hancock Fund Complex as a whole and with respect to the fund; |
(d) | received information with respect to the Advisor’s allocation methodologies used in preparing the profitability data and considered that the Advisor hired an independent third-party consultant to provide an analysis of the Advisor’s allocation methodologies; |
(e) | considered that the John Hancock insurance companies that are affiliates of the Advisor, as shareholders of the Trust directly or through their separate accounts, receive certain tax credits or deductions relating to foreign taxes paid and dividends received by certain funds of the Trust and noted that these tax benefits, which are not available to participants in qualified retirement plans under applicable income tax law, are reflected in the profitability information reviewed by the Board; |
(f) | considered that the Advisor also provides administrative services to the fund on a cost basis pursuant to an administrative services agreement; |
(g) | noted that affiliates of the Advisor provide transfer agency services and distribution services to the fund, and that the fund’s distributor also receives Rule 12b-1 payments to support distribution of the fund; |
(h) | noted that the Advisor also derives reputational and other indirect benefits from providing advisory services to the fund; |
(i) | noted that the subadvisory fee for the fund is paid by the Advisor and is negotiated at arm’s length; |
(j) | considered the Advisor’s ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the fund industry; and |
(k) | considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it provides to the fund and the risks that it assumes as Advisor, including entrepreneurial, operational, reputational, litigation and regulatory risk. |
ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 39 |
(a) | considered that the Advisor has contractually agreed to waive a portion of its management fee for certain funds of the John Hancock Fund Complex, including the fund (the participating portfolios) or otherwise reimburse the expenses of the participating portfolios (the reimbursement). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund; |
(b) | the Board also took into account management’s discussion of the fund’s advisory fee structure; and |
(c) | the Board also considered the effect of the fund’s growth in size on its performance and fees. The Board also noted that if the fund’s assets increase over time, the fund may realize other economies of scale. |
(1) | information relating to the Subadvisor’s business, including current subadvisory services to the Trust (and other funds in the John Hancock Fund Complex); |
(2) | the historical and current performance of the fund and comparative performance information relating to an applicable benchmark index and comparable funds; |
(3) | the subadvisory fee for the fund and to the extent available, comparable fee information prepared by an independent third party provider of fund data; and |
(4) | information relating to the nature and scope of any material relationships and their significance to the Trust’s Advisor and Subadvisor. |
40 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT |
(1) | the Subadvisor has extensive experience and demonstrated skills as a manager; |
(2) | the performance of the fund is being monitored and reasonably addressed where appropriate; |
(3) | subadvisory fee is reasonable in relation to the level and quality of services being provided under the Subadvisory Agreement; and |
(4) | noted that the subadvisory fees are paid by the Advisor not the fund. |
ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 41 |
42 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT |
• | The Fund’s investment strategy remained appropriate for an open-end fund structure; |
• | The Fund was able to meet requests for redemption without significant dilution of remaining investors’ interests in the Fund; |
• | The Fund did not report any breaches of the 15% limit on illiquid investments that would require reporting to the Securities and Exchange Commission; |
• | The Fund continued to qualify as a Primarily Highly Liquid Fund under the Liquidity Rule and therefore is not required to establish a HLIM; and |
• | The Chief Compliance Officer’s office performed audit testing of the LRMP which resulted in an assessment that the LRMP’s control environment was deemed to be operating effectively and in compliance with the Board approved procedures. |
ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 43 |
44 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT |
Independent Trustees | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Hassell H. McClellan, Born: 1945 | 2005 | 190 |
Trustee and Chairperson of the Board | ||
Director/Trustee, Virtus Funds (2008-2020); Director, The Barnes Group (2010-2021); Associate Professor, The Wallace E. Carroll School of Management, Boston College (retired 2013). Trustee (since 2005) and Chairperson of the Board (since 2017) of various trusts within the John Hancock Fund Complex. | ||
Charles L. Bardelis,2 Born: 1941 | 2005 | 190 |
Trustee | ||
Director, Island Commuter Corp. (marine transport). Trustee of various trusts within the John Hancock Fund Complex (since 1988). | ||
James R. Boyle, Born: 1959 | 2015 | 190 |
Trustee | ||
Chief Executive Officer, Foresters Financial (since 2018); Chairman and Chief Executive Officer, Zillion Group, Inc. (formerly HealthFleet, Inc.) (healthcare) (2014-2018); Executive Vice President and Chief Executive Officer, U.S. Life Insurance Division of Genworth Financial, Inc. (insurance) (January 2014–July 2014); Senior Executive Vice President, Manulife Financial, President and Chief Executive Officer, John Hancock (1999–2012); Chairman and Director, John Hancock Investment Management LLC, John Hancock Investment Management Distributors LLC, and John Hancock Variable Trust Advisers LLC (2005–2010). Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015). | ||
Peter S. Burgess,2 Born: 1942 | 2005 | 190 |
Trustee | ||
Consultant (financial, accounting, and auditing matters) (since 1999); Certified Public Accountant; Partner, Arthur Andersen (independent public accounting firm) (prior to 1999); Director, Lincoln Educational Services Corporation (2004-2021); Director, Symetra Financial Corporation (2010–2016); Director, PMA Capital Corporation (2004–2010). Trustee of various trusts within the John Hancock Fund Complex (since 2005). | ||
William H. Cunningham, Born: 1944 | 2012 | 190 |
Trustee | ||
Professor, University of Texas, Austin, Texas (since 1971); former Chancellor, University of Texas System and former President of the University of Texas, Austin, Texas; Chairman (since 2009) and Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000); former Director, LIN Television (2009–2014). Trustee of various trusts within the John Hancock Fund Complex (since 1986). | ||
Grace K. Fey, Born: 1946 | 2008 | 190 |
Trustee | ||
Chief Executive Officer, Grace Fey Advisors (since 2007); Director and Executive Vice President, Frontier Capital Management Company (1988–2007); Director, Fiduciary Trust (since 2009). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |
ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 45 |
Independent Trustees (continued) | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Deborah C. Jackson, Born: 1952 | 2012 | 190 |
Trustee | ||
President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Amwell Corporation (since 2020); Board of Directors, Massachusetts Women’s Forum (2018-2020); Board of Directors, National Association of Corporate Directors/New England (2015-2020); Board of Directors, Association of Independent Colleges and Universities of Massachusetts (2014-2017); Chief Executive Officer, American Red Cross of Massachusetts Bay (2002–2011); Board of Directors of Eastern Bank Corporation (since 2001); Board of Directors of Eastern Bank Charitable Foundation (since 2001); Board of Directors of American Student Assistance Corporation (1996–2009); Board of Directors of Boston Stock Exchange (2002–2008); Board of Directors of Harvard Pilgrim Healthcare (health benefits company) (2007–2011). Trustee of various trusts within the John Hancock Fund Complex (since 2008). | ||
Steven R. Pruchansky, Born: 1944 | 2012 | 190 |
Trustee and Vice Chairperson of the Board | ||
Managing Director, Pru Realty (since 2017); Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (2014-2020); Director and President, Greenscapes of Southwest Florida, Inc. (until 2000); Member, Board of Advisors, First American Bank (until 2010); Managing Director, Jon James, LLC (real estate) (since 2000); Partner, Right Funding, LLC (2014-2017); Director, First Signature Bank & Trust Company (until 1991); Director, Mast Realty Trust (until 1994); President, Maxwell Building Corp. (until 1991). Trustee (since 1992), Chairperson of the Board (2011–2012), and Vice Chairperson of the Board (since 2012) of various trusts within the John Hancock Fund Complex. | ||
Frances G. Rathke,2,* Born: 1960 | 2020 | 190 |
Trustee | ||
Board Member, Oatly Group AB (plant-based drink company) (since 2021): Director, Northern New England Energy Corporation (since 2017); Director, Audit Committee Chair and Compensation Committee Member, Green Mountain Power Corporation (since 2016); Director, Treasurer and Finance & Audit Committee Chair, Flynn Center for Performing Arts (since 2016); Director, Audit Committee Chair and Compensation Committee Member, Planet Fitness (since 2016); Director, Citizen Cider, Inc. (high-end hard cider and hard seltzer company) (since 2016); Chief Financial Officer and Treasurer, Keurig Green Mountain, Inc. (2003-retired 2015); Independent Financial Consultant, Frances Rathke Consulting (strategic and financial consulting services) (2001-2003); Chief Financial Officer and Secretary, Ben & Jerry’s Homemade, Inc. (1989-2000, including prior positions); Senior Manager, Coopers & Lybrand, LLC (independent public accounting firm) (1982-1989). Trustee of various trusts within the John Hancock Fund Complex (since 2020). | ||
Gregory A. Russo, Born: 1949 | 2012 | 190 |
Trustee | ||
Director and Audit Committee Chairman (2012-2020), and Member, Audit Committee and Finance Committee (2011-2020), NCH Healthcare System, Inc. (holding company for multi-entity healthcare system); Director and Member (2012-2018) and Finance Committee Chairman (2014-2018), The Moorings, Inc. (nonprofit continuing care community); Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); Vice Chairman, Industrial Markets, KPMG (1998–2002); Chairman and Treasurer, Westchester County, New York, Chamber of Commerce (1986–1992); Director, Treasurer, and Chairman of Audit and Finance Committees, Putnam Hospital Center (1989–1995); Director and Chairman of Fundraising Campaign, United Way of Westchester and Putnam Counties, New York (1990–1995). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |
46 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT |
Non-Independent Trustees3 | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Andrew G. Arnott, Born: 1971 | 2017 | 190 |
President and Non-Independent Trustee | ||
Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (since 2018); Director and Executive Vice President, John Hancock Investment Management LLC (since 2005, including prior positions); Director and Executive Vice President, John Hancock Variable Trust Advisers LLC (since 2006, including prior positions); President, John Hancock Investment Management Distributors LLC (since 2004, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2017). | ||
Marianne Harrison, Born: 1963 | 2018 | 190 |
Non-Independent Trustee | ||
President and CEO, John Hancock (since 2017); President and CEO, Manulife Canadian Division (2013–2017); Member, Board of Directors, Boston Medical Center (since 2021); Member, Board of Directors, CAE Inc. (since 2019); Member, Board of Directors, MA Competitive Partnership Board (since 2018); Member, Board of Directors, American Council of Life Insurers (ACLI) (since 2018); Member, Board of Directors, Communitech, an industry-led innovation center that fosters technology companies in Canada (2017-2019); Member, Board of Directors, Manulife Assurance Canada (2015-2017); Board Member, St. Mary’s General Hospital Foundation (2014-2017); Member, Board of Directors, Manulife Bank of Canada (2013- 2017); Member, Standing Committee of the Canadian Life & Health Assurance Association (2013-2017); Member, Board of Directors, John Hancock USA, John Hancock Life & Health, John Hancock New York (2012–2013). Trustee of various trusts within the John Hancock Fund Complex (since 2018). |
Principal officers who are not Trustees | |
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years | Current Position(s) with the Trust since |
Charles A. Rizzo, Born: 1957 | 2007 |
Chief Financial Officer | |
Vice President, John Hancock Financial Services (since 2008); Senior Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2008); Chief Financial Officer of various trusts within the John Hancock Fund Complex (since 2007). | |
Salvatore Schiavone, Born: 1965 | 2009 |
Treasurer | |
Assistant Vice President, John Hancock Financial Services (since 2007); Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2007); Treasurer of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). | |
Christopher (Kit) Sechler, Born: 1973 | 2018 |
Secretary and Chief Legal Officer | |
Vice President and Deputy Chief Counsel, John Hancock Investment Management (since 2015); Assistant Vice President and Senior Counsel (2009–2015), John Hancock Investment Management; Assistant Secretary of John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2009); Chief Legal Officer and Secretary of various trusts within the John Hancock Fund Complex (since 2009, including prior positions). |
ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 47 |
Principal officers who are not Trustees (continued) | |
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years | Current Position(s) with the Trust since |
Trevor Swanberg, Born: 1979 | 2020 |
Chief Compliance Officer | |
Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2020); Deputy Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2019–2020); Assistant Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2016–2019); Vice President, State Street Global Advisors (2015–2016); Chief Compliance Officer of various trusts within the John Hancock Fund Complex (since 2016, including prior positions). |
1 | Each Trustee holds office until his or her successor is elected and qualified, or until the Trustee’s death, retirement, resignation, or removal. Mr. Boyle has served as Trustee at various times prior to the date listed in the table. |
2 | Member of the Audit Committee. |
3 | The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates. |
* | Appointed as Independent Trustee effective as of September 15, 2020. |
48 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL 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
Frances G. Rathke*,1
Gregory A. Russo
President
Chief Financial Officer
Treasurer
Secretary and Chief Legal Officer
Chief Compliance Officer
Mary T. Phillips, CFA
Arun Keswani, CFA
Bhanu P. Singh
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 |
ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 49 |
GOVERNANCE FUNDS
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,
MF1823008 | 424A 8/21 |
President and CEO,
John Hancock Investment Management
Head of Wealth and Asset Management,
United States and Europe
ANNUAL REPORT | JOHN HANCOCK REAL ESTATE SECURITIES FUND | 1 |
2 | JOHN HANCOCK REAL ESTATE SECURITIES FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK REAL ESTATE SECURITIES FUND | 3 |
TOP 10 HOLDINGS AS OF 8/31/2021 (% of net assets) | |
Prologis, Inc. | 9.7 |
Extra Space Storage, Inc. | 5.5 |
Welltower, Inc. | 5.3 |
American Tower Corp. | 4.7 |
AvalonBay Communities, Inc. | 4.6 |
Equinix, Inc. | 3.9 |
UDR, Inc. | 3.8 |
Brixmor Property Group, Inc. | 3.7 |
Sun Communities, Inc. | 3.6 |
Life Storage, Inc. | 3.5 |
TOTAL | 48.3 |
Cash and cash equivalents are not included. |
4 | JOHN HANCOCK REAL ESTATE SECURITIES FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK REAL ESTATE SECURITIES FUND | 5 |
Average annual total returns (%) with maximum sales charge | Cumulative total returns (%) with maximum sales charge | ||||
1-year | 5-year | 10-year | 5-year | 10-year | |
Class A1 | 33.03 | 8.19 | 10.61 | 48.25 | 174.05 |
Class C1 | 38.22 | 9.19 | 11.11 | 55.23 | 186.85 |
Class I1,2 | 40.32 | 9.37 | 11.20 | 56.46 | 189.12 |
Class R61,2 | 40.39 | 9.38 | 11.21 | 56.53 | 189.25 |
Class 12 | 40.36 | 9.37 | 11.20 | 56.51 | 189.21 |
Index 1† | 44.17 | 6.44 | 9.85 | 36.64 | 155.75 |
Index 2† | 40.54 | 7.66 | 10.57 | 44.62 | 173.05 |
Class A | Class C | Class I | Class R6 | Class 1 | |
Gross (%) | 1.16 | 1.91 | 0.91 | 0.79 | 0.83 |
Net (%) | 1.15 | 1.90 | 0.90 | 0.78 | 0.82 |
6 | JOHN HANCOCK REAL ESTATE SECURITIES FUND | ANNUAL REPORT |
Start date | With maximum sales charge ($) | Without sales charge ($) | Index 1 ($) | Index 2 ($) | |
Class C1,3 | 8-31-11 | 28,685 | 28,685 | 25,575 | 27,305 |
Class I1,2 | 8-31-11 | 28,912 | 28,912 | 25,575 | 27,305 |
Class R61,2 | 8-31-11 | 28,925 | 28,925 | 25,575 | 27,305 |
Class 12 | 8-31-11 | 28,921 | 28,921 | 25,575 | 27,305 |
1 | Class A, Class C, Class I, and Class R6 shares were first offered on 12-2-20. Returns prior to this date are those of Class 1 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. |
ANNUAL REPORT | JOHN HANCOCK REAL ESTATE SECURITIES FUND | 7 |
8 | JOHN HANCOCK REAL ESTATE SECURITIES FUND | ANNUAL REPORT |
Account value on 3-1-2021 | Ending value on 8-31-2021 | Expenses paid during period ended 8-31-20211 | Annualized expense ratio | ||
Class A | Actual expenses/actual returns | $1,000.00 | $1,258.50 | $6.77 | 1.19% |
Hypothetical example | 1,000.00 | 1,019.20 | 6.06 | 1.19% | |
Class C | Actual expenses/actual returns | 1,000.00 | 1,254.10 | 10.97 | 1.93% |
Hypothetical example | 1,000.00 | 1,015.50 | 9.80 | 1.93% | |
Class I | Actual expenses/actual returns | 1,000.00 | 1,261.40 | 5.24 | 0.92% |
Hypothetical example | 1,000.00 | 1,020.60 | 4.69 | 0.92% | |
Class R6 | Actual expenses/actual returns | 1,000.00 | 1,261.60 | 4.67 | 0.82% |
Hypothetical example | 1,000.00 | 1,021.10 | 4.18 | 0.82% | |
Class 1 | Actual expenses/actual returns | 1,000.00 | 1,261.60 | 4.90 | 0.86% |
Hypothetical example | 1,000.00 | 1,020.90 | 4.38 | 0.86% |
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). |
ANNUAL REPORT | JOHN HANCOCK REAL ESTATE SECURITIES FUND | 9 |
Shares | Value | ||||
Common stocks 98.9% | $371,323,084 | ||||
(Cost $257,429,969) | |||||
Consumer discretionary 1.9% | 7,291,172 | ||||
Hotels, restaurants and leisure 1.9% | |||||
Casinos and gaming 0.8% | |||||
Caesars Entertainment, Inc. (A) | 31,903 | 3,242,302 | |||
Hotels, resorts and cruise lines 1.1% | |||||
Playa Hotels & Resorts NV (A) | 553,881 | 4,048,870 | |||
Health care 2.3% | 8,505,125 | ||||
Health care providers and services 2.3% | |||||
Health care facilities 2.3% | |||||
Brookdale Senior Living, Inc. (A) | 451,890 | 3,298,797 | |||
HCA Healthcare, Inc. | 20,580 | 5,206,328 | |||
Real estate 94.7% | 355,526,787 | ||||
Equity real estate investment trusts 90.6% | |||||
Health care REITs 7.5% | |||||
Healthpeak Properties, Inc. | 233,489 | 8,405,604 | |||
Welltower, Inc. | 226,139 | 19,793,947 | |||
Hotel and resort REITs 2.2% | |||||
Pebblebrook Hotel Trust | 122,979 | 2,709,227 | |||
Ryman Hospitality Properties, Inc. (A) | 66,753 | 5,545,172 | |||
Industrial REITs 15.3% | |||||
First Industrial Realty Trust, Inc. | 93,697 | 5,246,095 | |||
Innovative Industrial Properties, Inc. | 20,606 | 5,067,221 | |||
Prologis, Inc. | 269,588 | 36,302,717 | |||
Rexford Industrial Realty, Inc. | 173,034 | 10,715,996 | |||
Office REITs 7.0% | |||||
Alexandria Real Estate Equities, Inc. | 61,704 | 12,733,854 | |||
Douglas Emmett, Inc. | 180,398 | 5,954,938 | |||
SL Green Realty Corp. | 111,204 | 7,793,176 | |||
Residential REITs 22.0% | |||||
American Homes 4 Rent, Class A | 141,574 | 5,937,614 | |||
AvalonBay Communities, Inc. | 76,213 | 17,496,981 | |||
Camden Property Trust | 74,839 | 11,228,844 | |||
Independence Realty Trust, Inc. | 435,399 | 8,916,972 | |||
Invitation Homes, Inc. | 276,972 | 11,405,707 | |||
Sun Communities, Inc. | 66,871 | 13,473,838 | |||
UDR, Inc. | 262,708 | 14,191,486 | |||
Retail REITs 11.0% | |||||
Acadia Realty Trust | 228,902 | 4,857,300 |
10 | JOHN HANCOCK REAL ESTATE SECURITIES FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Real estate (continued) | |||||
Equity real estate investment trusts (continued) | |||||
Retail REITs (continued) | |||||
Brixmor Property Group, Inc. | 595,636 | $13,967,664 | |||
Kimco Realty Corp. | 190,672 | 4,154,743 | |||
Phillips Edison & Company, Inc. | 63,302 | 1,902,858 | |||
Retail Opportunity Investments Corp. | 363,051 | 6,563,962 | |||
Simon Property Group, Inc. | 72,108 | 9,694,921 | |||
Specialized REITs 25.6% | |||||
American Tower Corp. | 60,320 | 17,623,694 | |||
Crown Castle International Corp. | 50,588 | 9,848,978 | |||
Equinix, Inc. | 17,465 | 14,730,854 | |||
Extra Space Storage, Inc. | 110,805 | 20,710,563 | |||
Life Storage, Inc. | 104,087 | 12,952,586 | |||
PotlatchDeltic Corp. | 58,680 | 3,048,426 | |||
Public Storage | 17,124 | 5,541,498 | |||
VICI Properties, Inc. | 373,227 | 11,536,447 | |||
Real estate management and development 4.1% | |||||
Real estate services 4.1% | |||||
Colliers International Group, Inc. (New York Stock Exchange) | 59,214 | 8,275,157 | |||
Jones Lang LaSalle, Inc. (A) | 29,690 | 7,197,747 | |||
Yield (%) | Shares | Value | |||
Short-term investments 1.1% | $4,099,490 | ||||
(Cost $4,099,490) | |||||
Short-term funds 1.1% | 4,099,490 | ||||
State Street Institutional U.S. Government Money Market Fund, Premier Class | 0.0250(B) | 4,099,490 | 4,099,490 |
Total investments (Cost $261,529,459) 100.0% | $375,422,574 | ||||
Other assets and liabilities, net 0.0% | 163,537 | ||||
Total net assets 100.0% | $375,586,111 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
(B) | The rate shown is the annualized seven-day yield as of 8-31-21. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK REAL ESTATE SECURITIES FUND | 11 |
Assets | |
Unaffiliated investments, at value (Cost $261,529,459) | $375,422,574 |
Dividends and interest receivable | 84,647 |
Receivable for fund shares sold | 428,052 |
Receivable for investments sold | 306,032 |
Other assets | 57,587 |
Total assets | 376,298,892 |
Liabilities | |
Payable for investments purchased | 393,696 |
Payable for fund shares repurchased | 137,632 |
Payable to affiliates | |
Accounting and legal services fees | 13,656 |
Transfer agent fees | 326 |
Trustees’ fees | 92 |
Other liabilities and accrued expenses | 167,379 |
Total liabilities | 712,781 |
Net assets | $375,586,111 |
Net assets consist of | |
Paid-in capital | $229,500,182 |
Total distributable earnings (loss) | 146,085,929 |
Net assets | $375,586,111 |
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 ($3,667,087 ÷ 220,848 shares)1 | $16.60 |
Class C ($240,201 ÷ 14,441 shares)1 | $16.63 |
Class I ($129,815 ÷ 7,820 shares) | $16.60 |
Class R6 ($443,391 ÷ 26,729 shares) | $16.59 |
Class 1 ($371,105,617 ÷ 22,371,617 shares) | $16.59 |
Maximum offering price per share | |
Class A (net asset value per share ÷ 95%)2 | $17.47 |
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. |
12 | JOHN HANCOCK Real Estate Securities Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Investment income | |
Dividends | $6,868,551 |
Non-cash dividends | 465,464 |
Securities lending | 2,039 |
Interest | 934 |
Less foreign taxes withheld | (385) |
Total investment income | 7,336,603 |
Expenses | |
Investment management fees | 2,224,903 |
Distribution and service fees | 161,394 |
Accounting and legal services fees | 45,401 |
Transfer agent fees | 1,111 |
Trustees’ fees | 5,572 |
Custodian fees | 40,532 |
State registration fees | 123,117 |
Printing and postage | 14,568 |
Professional fees | 130,111 |
Other | 25,887 |
Total expenses | 2,772,596 |
Less expense reductions | (26,891) |
Net expenses | 2,745,705 |
Net investment income | 4,590,898 |
Realized and unrealized gain (loss) | |
Net realized gain (loss) on | |
Unaffiliated investments | 53,854,922 |
Affiliated investments | (150) |
53,854,772 | |
Change in net unrealized appreciation (depreciation) of | |
Unaffiliated investments | 50,883,234 |
50,883,234 | |
Net realized and unrealized gain | 104,738,006 |
Increase in net assets from operations | $109,328,904 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Real Estate Securities Fund | 13 |
Year ended 8-31-21 | Year ended 8-31-20 | |
Increase (decrease) in net assets | ||
From operations | ||
Net investment income | $4,590,898 | $6,862,686 |
Net realized gain (loss) | 53,854,772 | (11,883,238) |
Change in net unrealized appreciation (depreciation) | 50,883,234 | (36,773,366) |
Increase (decrease) in net assets resulting from operations | 109,328,904 | (41,793,918) |
Distributions to shareholders | ||
From earnings | ||
Class A1 | (794) | — |
Class C1 | (435) | — |
Class I1 | (913) | — |
Class R61 | (966) | — |
Class 1 | (5,627,795) | (34,226,630) |
Total distributions | (5,630,903) | (34,226,630) |
From fund share transactions | (32,307,781) | (53,273,095) |
Total increase (decrease) | 71,390,220 | (129,293,643) |
Net assets | ||
Beginning of year | 304,195,891 | 433,489,534 |
End of year | $375,586,111 | $304,195,891 |
1 | The inception date for Class A, Class C, Class I and Class R6 shares is 12-2-20. |
14 | JOHN HANCOCK Real Estate Securities Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS A SHARES Period ended | 8-31-211 |
Per share operating performance | |
Net asset value, beginning of period | $12.59 |
Net investment income2 | 0.03 |
Net realized and unrealized gain (loss) on investments | 4.18 |
Total from investment operations | 4.21 |
Less distributions | |
From net investment income | (0.20) |
Net asset value, end of period | $16.60 |
Total return (%)3,4 | 33.985 |
Ratios and supplemental data | |
Net assets, end of period (in millions) | $4 |
Ratios (as a percentage of average net assets): | |
Expenses before reductions | 1.196 |
Expenses including reductions | 1.186 |
Net investment income | 0.316 |
Portfolio turnover (%) | 1227 |
1 | The inception date for Class A shares is 12-2-20. |
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. |
7 | Portfolio turnover is shown for the period from 9-1-20 to 8-31-21. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Real Estate Securities Fund | 15 |
CLASS C SHARES Period ended | 8-31-211 |
Per share operating performance | |
Net asset value, beginning of period | $12.59 |
Net investment loss2 | (0.03) |
Net realized and unrealized gain (loss) on investments | 4.18 |
Total from investment operations | 4.15 |
Less distributions | |
From net investment income | (0.11) |
Net asset value, end of period | $16.63 |
Total return (%)3,4 | 33.255 |
Ratios and supplemental data | |
Net assets, end of period (in millions) | $—6 |
Ratios (as a percentage of average net assets): | |
Expenses before reductions | 1.947 |
Expenses including reductions | 1.937 |
Net investment loss | (0.28)7 |
Portfolio turnover (%) | 1228 |
1 | The inception date for Class C shares is 12-2-20. |
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 | Portfolio turnover is shown for the period from 9-1-20 to 8-31-21. |
16 | JOHN HANCOCK Real Estate Securities Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS I SHARES Period ended | 8-31-211 |
Per share operating performance | |
Net asset value, beginning of period | $12.59 |
Net investment income2 | 0.10 |
Net realized and unrealized gain (loss) on investments | 4.14 |
Total from investment operations | 4.24 |
Less distributions | |
From net investment income | (0.23) |
Net asset value, end of period | $16.60 |
Total return (%)3 | 34.304 |
Ratios and supplemental data | |
Net assets, end of period (in millions) | $—5 |
Ratios (as a percentage of average net assets): | |
Expenses before reductions | 0.946 |
Expenses including reductions | 0.936 |
Net investment income | 0.896 |
Portfolio turnover (%) | 1227 |
1 | The inception date for Class I shares is 12-2-20. |
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 | Portfolio turnover is shown for the period from 9-1-20 to 8-31-21. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Real Estate Securities Fund | 17 |
CLASS R6 SHARES Period ended | 8-31-211 |
Per share operating performance | |
Net asset value, beginning of period | $12.59 |
Net investment income2 | 0.12 |
Net realized and unrealized gain (loss) on investments | 4.12 |
Total from investment operations | 4.24 |
Less distributions | |
From net investment income | (0.24) |
Net asset value, end of period | $16.59 |
Total return (%)3 | 34.374 |
Ratios and supplemental data | |
Net assets, end of period (in millions) | $—5 |
Ratios (as a percentage of average net assets): | |
Expenses before reductions | 0.836 |
Expenses including reductions | 0.826 |
Net investment income | 1.056 |
Portfolio turnover (%) | 1227 |
1 | The inception date for Class R6 shares is 12-2-20. |
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 | Portfolio turnover is shown for the period from 9-1-20 to 8-31-21. |
18 | JOHN HANCOCK Real Estate Securities Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS 1 SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $12.05 | $14.55 | $12.97 | $13.12 | $14.95 |
Net investment income1 | 0.20 | 0.24 | 0.29 | 0.26 | 0.28 |
Net realized and unrealized gain (loss) on investments | 4.58 | (1.55) | 1.82 | 0.49 | (0.52) |
Total from investment operations | 4.78 | (1.31) | 2.11 | 0.75 | (0.24) |
Less distributions | |||||
From net investment income | (0.24) | (0.29) | (0.26) | (0.17) | (0.50) |
From net realized gain | — | (0.90) | (0.27) | (0.73) | (1.09) |
Total distributions | (0.24) | (1.19) | (0.53) | (0.90) | (1.59) |
Net asset value, end of period | $16.59 | $12.05 | $14.55 | $12.97 | $13.12 |
Total return (%)2 | 40.36 | (9.75) | 17.35 | 6.20 | (0.86) |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $371 | $304 | $433 | $421 | $502 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.87 | 0.81 | 0.81 | 0.81 | 0.79 |
Expenses including reductions | 0.86 | 0.80 | 0.80 | 0.80 | 0.79 |
Net investment income | 1.45 | 1.86 | 2.25 | 2.11 | 2.09 |
Portfolio turnover (%) | 122 | 133 | 132 | 158 | 159 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Real Estate Securities Fund | 19 |
20 | JOHN HANCOCK Real Estate Securities Fund | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK Real Estate Securities Fund | 21 |
August 31, 2021 | August 31, 2020 | |
Ordinary income | $5,630,903 | $18,539,980 |
Long-term capital gains | — | 15,686,650 |
Total | $5,630,903 | $34,226,630 |
22 | JOHN HANCOCK Real Estate Securities Fund | ANNUAL REPORT |
Class | Expense reduction |
Class A | $75 |
Class C | 9 |
Class I | 4 |
Class | Expense reduction |
Class R6 | $10 |
Class 1 | 26,793 |
Total | $26,891 |
ANNUAL REPORT | JOHN HANCOCK Real Estate Securities Fund | 23 |
Class | Rule 12b-1 Fee |
Class A | 0.25% |
Class C | 1.00% |
Class 1 | 0.05% |
Class | Distribution and service fees | Transfer agent fees |
Class A | $2,043 | $933 |
24 | JOHN HANCOCK Real Estate Securities Fund | ANNUAL REPORT |
Class | Distribution and service fees | Transfer agent fees |
Class C | $968 | $111 |
Class I | — | 57 |
Class R6 | — | 10 |
Class 1 | 158,383 | — |
Total | $161,394 | $1,111 |
Borrower or Lender | Weighted Average Loan Balance | Days Outstanding | Weighted Average Interest Rate | Interest Income (Expense) |
Lender | $1,800,000 | 4 | 0.668% | $134 |
Year Ended 8-31-21 | Year Ended 8-31-20 | |||
Shares | Amount | Shares | Amount | |
Class A shares1 | ||||
Sold | 305,102 | $4,627,911 | — | — |
Repurchased | (84,254) | (1,287,217) | — | — |
Net increase | 220,848 | $3,340,694 | — | — |
Class C shares1 | ||||
Sold | 14,441 | $204,004 | — | — |
Net increase | 14,441 | $204,004 | — | — |
Class I shares1 | ||||
Sold | 7,820 | $110,390 | — | — |
Net increase | 7,820 | $110,390 | — | — |
Class R6 shares1 | ||||
Sold | 26,950 | $407,543 | — | — |
Repurchased | (221) | (3,278) | — | — |
Net increase | 26,729 | $404,265 | — | — |
ANNUAL REPORT | JOHN HANCOCK Real Estate Securities Fund | 25 |
Year Ended 8-31-21 | Year Ended 8-31-20 | |||
Shares | Amount | Shares | Amount | |
Class 1 shares | ||||
Sold | 1,338,770 | $19,880,881 | 1,617,849 | $23,208,581 |
Distributions reinvested | 455,692 | 5,627,795 | 2,571,497 | 34,226,630 |
Repurchased | (4,660,877) | (61,875,810) | (8,749,714) | (110,708,306) |
Net increase | (2,866,415) | $(36,367,134) | (4,560,368) | $(53,273,095) |
Total net decrease | (2,596,577) | $(32,307,781) | (4,560,368) | $(53,273,095) |
1 | The inception date for Class A, Class C, Class I and Class R6 shares is 12-2-20. |
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* | — | $1,081,100 | $3,811,300 | $(4,892,250) | $(150) | — | $2,039 | — | — |
* | Refer to the Securities lending note within Note 2 for details regarding this investment. |
26 | JOHN HANCOCK Real Estate Securities Fund | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK REAL ESTATE SECURITIES FUND | 27 |
28 | JOHN HANCOCK REAL ESTATE SECURITIES FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK REAL ESTATE SECURITIES FUND | 29 |
(a) | the skills and competency with which the Advisor has in the past managed the Trust’s affairs and its subadvisory relationship, the Advisor’s oversight and monitoring of the Subadvisor’s investment performance and compliance programs, such as the Subadvisor’s compliance with fund policies and objectives, review of brokerage matters, including with respect to trade allocation and best execution and the Advisor’s timeliness in responding to performance issues; |
(b) | the background, qualifications and skills of the Advisor’s personnel; |
(c) | the Advisor’s compliance policies and procedures and its responsiveness to regulatory changes and fund industry developments; |
30 | JOHN HANCOCK REAL ESTATE SECURITIES FUND | ANNUAL REPORT |
(d) | the Advisor’s administrative capabilities, including its ability to supervise the other service providers for the fund, as well as the Advisor’s oversight of any securities lending activity, its monitoring of class action litigation and collection of class action settlements on behalf of the fund, and bringing loss recovery actions on behalf of the fund; |
(e) | the financial condition of the Advisor and whether it has the financial wherewithal to provide a high level and quality of services to the fund; |
(f) | the Advisor’s initiatives intended to improve various aspects of the Trust’s operations and investor experience with the fund; and |
(g) | the Advisor’s reputation and experience in serving as an investment advisor to the Trust and the benefit to shareholders of investing in funds that are part of a family of funds offering a variety of investments |
(a) | reviewed information prepared by management regarding the fund’s performance; |
(b) | considered the comparative performance of an applicable benchmark index; |
(c) | considered the performance of comparable funds, if any, as included in the report prepared by an independent third-party provider of fund data; and |
(d) | took into account the Advisor’s analysis of the fund’s performance and its plans and recommendations regarding the Trust’s subadvisory arrangements generally |
ANNUAL REPORT | JOHN HANCOCK REAL ESTATE SECURITIES FUND | 31 |
(a) | reviewed financial information of the Advisor; |
(b) | reviewed and considered information presented by the Advisor regarding the net profitability to the Advisor and its affiliates with respect to the fund; |
(c) | received and reviewed profitability information with respect to the John Hancock Fund Complex as a whole and with respect to the fund; |
(d) | received information with respect to the Advisor’s allocation methodologies used in preparing the profitability data and considered that the Advisor hired an independent third-party consultant to provide an analysis of the Advisor’s allocation methodologies; |
(e) | considered that the John Hancock insurance companies that are affiliates of the Advisor, as shareholders of the Trust directly or through their separate accounts, receive certain tax credits or deductions relating to foreign taxes paid and dividends received by certain funds of the Trust and noted that these tax benefits, which are not available to participants in qualified retirement plans under applicable income tax law, are reflected in the profitability information reviewed by the Board; |
(f) | considered that the Advisor also provides administrative services to the fund on a cost basis pursuant to an administrative services agreement; |
(g) | noted that affiliates of the Advisor provide transfer agency services and distribution services to the fund, and that the fund’s distributor also receives Rule 12b-1 payments to support distribution of the fund; |
(h) | noted that the Advisor also derives reputational and other indirect benefits from providing advisory services to the fund; |
(i) | noted that the subadvisory fee for the fund is paid by the Advisor and is negotiated at arm’s length; |
(j) | considered the Advisor’s ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the fund industry; and |
32 | JOHN HANCOCK REAL ESTATE SECURITIES FUND | ANNUAL REPORT |
(k) | considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it provides to the fund and the risks that it assumes as Advisor including entrepreneurial, operational, reputational, litigation and regulatory risk. |
(a) | considered that the Advisor has contractually agreed to waive a portion of its management fee for certain funds of the John Hancock Fund Complex, including the fund (the participating portfolios) or otherwise reimburse the expenses of the participating portfolios (the reimbursement). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund; |
(b) | reviewed the fund’s advisory fee structure and concluded that: (i) the fund’s fee structure contains breakpoints at the subadvisory fee level and that such breakpoints are reflected as breakpoints in the advisory fees for the fund; and (ii) although economies of scale cannot be measured with precision, these arrangements permit shareholders of the fund to benefit from economies of scale if the fund grows. The Board also took into account management’s discussion of the fund’s advisory fee structure; and |
(c) | the Board also considered the effect of the fund’s growth in size on its performance and fees. The Board also noted that if the fund’s assets increase over time, the fund may realize other economies of scale. |
(1) | information relating to the Subadvisor’s businesses, including current subadvisory services to the Trust (and other funds in the John Hancock Fund Complex); |
(2) | the historical and current performance of the fund and comparative performance information relating to an applicable benchmark index and comparable funds; |
(3) | the subadvisory fees for the fund, including any breakpoints, and to the extent available, comparable fee information prepared by an independent third party provider of fund data; and |
(4) | information relating to the nature and scope of any material relationships and their significant to the Trust’s Advisor and Subadvisor. |
ANNUAL REPORT | JOHN HANCOCK REAL ESTATE SECURITIES FUND | 33 |
(1) | the Subadvisor has extensive experience and demonstrated skills as a manager; |
34 | JOHN HANCOCK REAL ESTATE SECURITIES FUND | ANNUAL REPORT |
(2) | the performance of the fund has generally been in line with or outperformed the historical performance of comparable funds; |
(3) | the subadvisory fees are reasonable in relation to the level and quality of services being provided; and |
(4) | noted that the subadvisory fees are paid by the Advisor not the fund and that the subadvisory fee breakpoints are reflected as breakpoints in the advisory fees for the fund in order to permit shareholders to benefit from economies of scale if the fund grows. |
ANNUAL REPORT | JOHN HANCOCK REAL ESTATE SECURITIES FUND | 35 |
• | The Fund’s investment strategy remained appropriate for an open-end fund structure; |
• | The Fund was able to meet requests for redemption without significant dilution of remaining investors’ interests in the Fund; |
• | The Fund did not report any breaches of the 15% limit on illiquid investments that would require reporting to the Securities and Exchange Commission; |
• | The Fund continued to qualify as a Primarily Highly Liquid Fund under the Liquidity Rule and therefore is not required to establish a HLIM; and |
36 | JOHN HANCOCK REAL ESTATE SECURITIES FUND | ANNUAL REPORT |
• | The Chief Compliance Officer’s office performed audit testing of the LRMP which resulted in an assessment that the LRMP’s control environment was deemed to be operating effectively and in compliance with the Board approved procedures. |
ANNUAL REPORT | JOHN HANCOCK REAL ESTATE SECURITIES FUND | 37 |
Independent Trustees | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Hassell H. McClellan, Born: 1945 | 2005 | 190 |
Trustee and Chairperson of the Board | ||
Director/Trustee, Virtus Funds (2008-2020); Director, The Barnes Group (2010-2021); Associate Professor, The Wallace E. Carroll School of Management, Boston College (retired 2013). Trustee (since 2005) and Chairperson of the Board (since 2017) of various trusts within the John Hancock Fund Complex. | ||
Charles L. Bardelis,2 Born: 1941 | 2005 | 190 |
Trustee | ||
Director, Island Commuter Corp. (marine transport). Trustee of various trusts within the John Hancock Fund Complex (since 1988). | ||
James R. Boyle, Born: 1959 | 2015 | 190 |
Trustee | ||
Chief Executive Officer, Foresters Financial (since 2018); Chairman and Chief Executive Officer, Zillion Group, Inc. (formerly HealthFleet, Inc.) (healthcare) (2014-2018); Executive Vice President and Chief Executive Officer, U.S. Life Insurance Division of Genworth Financial, Inc. (insurance) (January 2014–July 2014); Senior Executive Vice President, Manulife Financial, President and Chief Executive Officer, John Hancock (1999–2012); Chairman and Director, John Hancock Investment Management LLC, John Hancock Investment Management Distributors LLC, and John Hancock Variable Trust Advisers LLC (2005–2010). Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015). | ||
Peter S. Burgess,2 Born: 1942 | 2005 | 190 |
Trustee | ||
Consultant (financial, accounting, and auditing matters) (since 1999); Certified Public Accountant; Partner, Arthur Andersen (independent public accounting firm) (prior to 1999); Director, Lincoln Educational Services Corporation (2004-2021); Director, Symetra Financial Corporation (2010–2016); Director, PMA Capital Corporation (2004–2010). Trustee of various trusts within the John Hancock Fund Complex (since 2005). | ||
William H. Cunningham, Born: 1944 | 2012 | 190 |
Trustee | ||
Professor, University of Texas, Austin, Texas (since 1971); former Chancellor, University of Texas System and former President of the University of Texas, Austin, Texas; Chairman (since 2009) and Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000); former Director, LIN Television (2009–2014). Trustee of various trusts within the John Hancock Fund Complex (since 1986). | ||
Grace K. Fey, Born: 1946 | 2008 | 190 |
Trustee | ||
Chief Executive Officer, Grace Fey Advisors (since 2007); Director and Executive Vice President, Frontier Capital Management Company (1988–2007); Director, Fiduciary Trust (since 2009). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |
38 | JOHN HANCOCK REAL ESTATE SECURITIES FUND | ANNUAL REPORT |
Independent Trustees (continued) | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Deborah C. Jackson, Born: 1952 | 2012 | 190 |
Trustee | ||
President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Amwell Corporation (since 2020); Board of Directors, Massachusetts Women’s Forum (2018-2020); Board of Directors, National Association of Corporate Directors/New England (2015-2020); Board of Directors, Association of Independent Colleges and Universities of Massachusetts (2014-2017); Chief Executive Officer, American Red Cross of Massachusetts Bay (2002–2011); Board of Directors of Eastern Bank Corporation (since 2001); Board of Directors of Eastern Bank Charitable Foundation (since 2001); Board of Directors of American Student Assistance Corporation (1996–2009); Board of Directors of Boston Stock Exchange (2002–2008); Board of Directors of Harvard Pilgrim Healthcare (health benefits company) (2007–2011). Trustee of various trusts within the John Hancock Fund Complex (since 2008). | ||
Steven R. Pruchansky, Born: 1944 | 2012 | 190 |
Trustee and Vice Chairperson of the Board | ||
Managing Director, Pru Realty (since 2017); Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (2014-2020); Director and President, Greenscapes of Southwest Florida, Inc. (until 2000); Member, Board of Advisors, First American Bank (until 2010); Managing Director, Jon James, LLC (real estate) (since 2000); Partner, Right Funding, LLC (2014-2017); Director, First Signature Bank & Trust Company (until 1991); Director, Mast Realty Trust (until 1994); President, Maxwell Building Corp. (until 1991). Trustee (since 1992), Chairperson of the Board (2011–2012), and Vice Chairperson of the Board (since 2012) of various trusts within the John Hancock Fund Complex. | ||
Frances G. Rathke,2,* Born: 1960 | 2020 | 190 |
Trustee | ||
Board Member, Oatly Group AB (plant-based drink company) (since 2021): Director, Northern New England Energy Corporation (since 2017); Director, Audit Committee Chair and Compensation Committee Member, Green Mountain Power Corporation (since 2016); Director, Treasurer and Finance & Audit Committee Chair, Flynn Center for Performing Arts (since 2016); Director, Audit Committee Chair and Compensation Committee Member, Planet Fitness (since 2016); Director, Citizen Cider, Inc. (high-end hard cider and hard seltzer company) (since 2016); Chief Financial Officer and Treasurer, Keurig Green Mountain, Inc. (2003-retired 2015); Independent Financial Consultant, Frances Rathke Consulting (strategic and financial consulting services) (2001-2003); Chief Financial Officer and Secretary, Ben & Jerry’s Homemade, Inc. (1989-2000, including prior positions); Senior Manager, Coopers & Lybrand, LLC (independent public accounting firm) (1982-1989). Trustee of various trusts within the John Hancock Fund Complex (since 2020). | ||
Gregory A. Russo, Born: 1949 | 2012 | 190 |
Trustee | ||
Director and Audit Committee Chairman (2012-2020), and Member, Audit Committee and Finance Committee (2011-2020), NCH Healthcare System, Inc. (holding company for multi-entity healthcare system); Director and Member (2012-2018) and Finance Committee Chairman (2014-2018), The Moorings, Inc. (nonprofit continuing care community); Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); Vice Chairman, Industrial Markets, KPMG (1998–2002); Chairman and Treasurer, Westchester County, New York, Chamber of Commerce (1986–1992); Director, Treasurer, and Chairman of Audit and Finance Committees, Putnam Hospital Center (1989–1995); Director and Chairman of Fundraising Campaign, United Way of Westchester and Putnam Counties, New York (1990–1995). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |
ANNUAL REPORT | JOHN HANCOCK REAL ESTATE SECURITIES FUND | 39 |
Non-Independent Trustees3 | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Andrew G. Arnott, Born: 1971 | 2017 | 190 |
President and Non-Independent Trustee | ||
Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (since 2018); Director and Executive Vice President, John Hancock Investment Management LLC (since 2005, including prior positions); Director and Executive Vice President, John Hancock Variable Trust Advisers LLC (since 2006, including prior positions); President, John Hancock Investment Management Distributors LLC (since 2004, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2017). | ||
Marianne Harrison, Born: 1963 | 2018 | 190 |
Non-Independent Trustee | ||
President and CEO, John Hancock (since 2017); President and CEO, Manulife Canadian Division (2013–2017); Member, Board of Directors, Boston Medical Center (since 2021); Member, Board of Directors, CAE Inc. (since 2019); Member, Board of Directors, MA Competitive Partnership Board (since 2018); Member, Board of Directors, American Council of Life Insurers (ACLI) (since 2018); Member, Board of Directors, Communitech, an industry-led innovation center that fosters technology companies in Canada (2017-2019); Member, Board of Directors, Manulife Assurance Canada (2015-2017); Board Member, St. Mary’s General Hospital Foundation (2014-2017); Member, Board of Directors, Manulife Bank of Canada (2013- 2017); Member, Standing Committee of the Canadian Life & Health Assurance Association (2013-2017); Member, Board of Directors, John Hancock USA, John Hancock Life & Health, John Hancock New York (2012–2013). Trustee of various trusts within the John Hancock Fund Complex (since 2018). |
Principal officers who are not Trustees | |
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years | Current Position(s) with the Trust since |
Charles A. Rizzo, Born: 1957 | 2007 |
Chief Financial Officer | |
Vice President, John Hancock Financial Services (since 2008); Senior Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2008); Chief Financial Officer of various trusts within the John Hancock Fund Complex (since 2007). | |
Salvatore Schiavone, Born: 1965 | 2009 |
Treasurer | |
Assistant Vice President, John Hancock Financial Services (since 2007); Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2007); Treasurer of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). | |
Christopher (Kit) Sechler, Born: 1973 | 2018 |
Secretary and Chief Legal Officer | |
Vice President and Deputy Chief Counsel, John Hancock Investment Management (since 2015); Assistant Vice President and Senior Counsel (2009–2015), John Hancock Investment Management; Assistant Secretary of John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2009); Chief Legal Officer and Secretary of various trusts within the John Hancock Fund Complex (since 2009, including prior positions). |
40 | JOHN HANCOCK REAL ESTATE SECURITIES FUND | ANNUAL REPORT |
Principal officers who are not Trustees (continued) | |
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years | Current Position(s) with the Trust since |
Trevor Swanberg, Born: 1979 | 2020 |
Chief Compliance Officer | |
Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2020); Deputy Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2019–2020); Assistant Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2016–2019); Vice President, State Street Global Advisors (2015–2016); Chief Compliance Officer of various trusts within the John Hancock Fund Complex (since 2016, including prior positions). |
1 | Each Trustee holds office until his or her successor is elected and qualified, or until the Trustee’s death, retirement, resignation, or removal. Mr. Boyle has served as Trustee at various times prior to the date listed in the table. |
2 | Member of the Audit Committee. |
3 | The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates. |
* | Appointed as Independent Trustee effective as of September 15, 2020. |
ANNUAL REPORT | JOHN HANCOCK REAL ESTATE SECURITIES FUND | 41 |
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
Frances G. Rathke*,1
Gregory A. Russo
President
Chief Financial Officer
Treasurer
Secretary and Chief Legal Officer
Chief Compliance Officer
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 |
42 | JOHN HANCOCK REAL ESTATE SECURITIES FUND | ANNUAL REPORT |
GOVERNANCE FUNDS
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MF1823040 | 488A 8/21 |
President and CEO,
John Hancock Investment Management
Head of Wealth and Asset Management,
United States and Europe
ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 1 |
2 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 3 |
TOP 10 HOLDINGS AS OF 8/31/2021 (% of net assets) | |
Taiwan Semiconductor Manufacturing Company, Ltd. | 4.7 |
Samsung Electronics Company, Ltd. | 3.9 |
Tencent Holdings, Ltd. | 3.5 |
Alibaba Group Holding, Ltd., ADR | 1.5 |
China Construction Bank Corp., H Shares | 1.1 |
Vale SA | 1.0 |
Ping An Insurance Group Company of China, Ltd., H Shares | 0.9 |
Alibaba Group Holding, Ltd. | 0.8 |
Infosys, Ltd. | 0.8 |
SK Hynix, Inc. | 0.7 |
TOTAL | 18.9 |
Cash and cash equivalents are not included. |
TOP 10 COUNTRIES AS OF 8/31/2021 (% of net assets) | |
China | 23.9 |
Taiwan | 15.3 |
South Korea | 15.2 |
India | 13.7 |
Brazil | 4.9 |
South Africa | 4.4 |
Hong Kong | 4.2 |
Mexico | 2.8 |
Saudi Arabia | 2.5 |
Thailand | 1.9 |
TOTAL | 88.8 |
Cash and cash equivalents are not included. |
4 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 5 |
Average annual total returns (%) with maximum sales charge | Cumulative total returns (%) with maximum sales charge | ||||
1-year | 5-year | 10-year | 5-year | 10-year | |
Class A | 21.26 | 7.09 | 2.96 | 40.84 | 33.82 |
Class C1 | 25.65 | 7.42 | 3.12 | 43.02 | 35.97 |
Class I2 | 27.93 | 8.51 | 3.83 | 50.44 | 45.58 |
Class R62 | 28.20 | 8.62 | 3.92 | 51.18 | 46.88 |
Class NAV2 | 28.16 | 8.64 | 3.97 | 51.31 | 47.56 |
Index† | 21.12 | 10.40 | 4.85 | 64.03 | 60.60 |
Class A | Class C | Class I | Class R6 | Class NAV | |
Gross (%) | 1.40 | 2.10 | 1.10 | 0.99 | 0.97 |
Net (%) | 1.39 | 2.09 | 1.09 | 0.98 | 0.96 |
6 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT |
Start date | With maximum sales charge ($) | Without sales charge ($) | Index ($) | |
Class C1,3 | 8-31-11 | 13,597 | 13,597 | 16,060 |
Class I2 | 8-31-11 | 14,558 | 14,558 | 16,060 |
Class R62 | 8-31-11 | 14,688 | 14,688 | 16,060 |
Class NAV2 | 8-31-11 | 14,756 | 14,756 | 16,060 |
1 | Class C shares were first offered on 6-27-14. Returns prior to this date are those of Class NAV 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. |
ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 7 |
8 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT |
Account value on 3-1-2021 | Ending value on 8-31-2021 | Expenses paid during period ended 8-31-20211 | Annualized expense ratio | ||
Class A | Actual expenses/actual returns | $1,000.00 | $1,023.10 | $7.24 | 1.42% |
Hypothetical example | 1,000.00 | 1,018.00 | 7.22 | 1.42% | |
Class C | Actual expenses/actual returns | 1,000.00 | 1,019.20 | 10.79 | 2.12% |
Hypothetical example | 1,000.00 | 1,014.50 | 10.76 | 2.12% | |
Class I | Actual expenses/actual returns | 1,000.00 | 1,024.70 | 5.72 | 1.12% |
Hypothetical example | 1,000.00 | 1,019.60 | 5.70 | 1.12% | |
Class R6 | Actual expenses/actual returns | 1,000.00 | 1,025.50 | 5.00 | 0.98% |
Hypothetical example | 1,000.00 | 1,020.30 | 4.99 | 0.98% | |
Class NAV | Actual expenses/actual returns | 1,000.00 | 1,025.50 | 5.16 | 1.01% |
Hypothetical example | 1,000.00 | 1,020.10 | 5.14 | 1.01% |
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). |
ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 9 |
Shares | Value | % of Net Assets | ||||
Common stocks 97.9% | $193,249,545 | |||||
(Cost $136,890,283) | ||||||
Australia 0.0% | 53,944 | 0.0% | ||||
Belgium 0.0% | 24,441 | 0.0% | ||||
Brazil 3.9% | 7,670,969 | 3.9% | ||||
Petroleo Brasileiro SA | 106,544 | 575,290 | 0.3% | |||
Vale SA | 100,670 | 1,921,195 | 1.0% | |||
OTHER SECURITIES | 5,174,484 | 2.6% | ||||
Canada 0.0% | 83,426 | 0.0% | ||||
Chile 0.6% | 1,224,728 | 0.6% | ||||
China 23.9% | 47,257,350 | 23.9% | ||||
Alibaba Group Holding, Ltd. (A) | 77,300 | 1,618,631 | 0.8% | |||
Alibaba Group Holding, Ltd., ADR (A) | 17,741 | 2,962,570 | 1.5% | |||
ANTA Sports Products, Ltd. | 21,000 | 431,358 | 0.2% | |||
Aowei Holdings, Ltd. (A)(B) | 9,116,006 | 745,468 | 0.4% | |||
Baidu, Inc., ADR (A) | 2,984 | 468,548 | 0.3% | |||
Baidu, Inc., Class A (A) | 2,600 | 51,281 | 0.0% | |||
Bank of China, Ltd., H Shares | 1,814,075 | 635,713 | 0.3% | |||
BYD Company, Ltd., H Shares | 14,000 | 470,668 | 0.3% | |||
China Construction Bank Corp., H Shares | 3,086,000 | 2,223,642 | 1.1% | |||
China Merchants Bank Company, Ltd., H Shares | 128,961 | 1,063,620 | 0.6% | |||
CSPC Pharmaceutical Group, Ltd. | 363,680 | 461,365 | 0.2% | |||
Industrial & Commercial Bank of China, Ltd., H Shares | 1,996,000 | 1,111,522 | 0.6% | |||
JD.com, Inc., ADR (A) | 9,000 | 707,040 | 0.4% | |||
Li Ning Company, Ltd. | 41,500 | 556,506 | 0.3% | |||
Meituan, Class B (A)(C) | 21,300 | 681,058 | 0.4% | |||
NetEase, Inc., ADR | 7,187 | 700,158 | 0.4% | |||
Ping An Insurance Group Company of China, Ltd., H Shares | 228,500 | 1,769,294 | 0.9% | |||
Sunny Optical Technology Group Company, Ltd. | 14,800 | 447,872 | 0.2% | |||
Tencent Holdings, Ltd. | 110,000 | 6,793,908 | 3.5% | |||
Yum China Holdings, Inc. | 11,554 | 711,264 | 0.4% | |||
OTHER SECURITIES | 22,645,864 | 11.1% |
10 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | % of Net Assets | ||||
Colombia 0.2% | $341,279 | 0.2% | ||||
Cyprus 0.0% | 32 | 0.0% | ||||
Czech Republic 0.1% | 183,086 | 0.1% | ||||
Egypt 0.0% | 77,682 | 0.0% | ||||
Greece 0.3% | 522,416 | 0.3% | ||||
Hong Kong 4.2% | 8,374,544 | 4.2% | ||||
China Resources Land, Ltd. | 116,444 | 432,510 | 0.2% | |||
Geely Automobile Holdings, Ltd. | 172,000 | 623,367 | 0.3% | |||
OTHER SECURITIES | 7,318,667 | 3.7% | ||||
Hungary 0.3% | 491,468 | 0.3% | ||||
India 13.7% | 27,016,091 | 13.7% | ||||
Bharti Airtel, Ltd. (A) | 48,020 | 434,393 | 0.2% | |||
HCL Technologies, Ltd. | 29,237 | 471,484 | 0.3% | |||
HDFC Bank, Ltd. | 54,469 | 1,174,392 | 0.6% | |||
Housing Development Finance Corp., Ltd. | 15,093 | 575,709 | 0.3% | |||
ICICI Bank, Ltd. | 68,687 | 671,709 | 0.4% | |||
Infosys, Ltd. | 64,432 | 1,509,578 | 0.8% | |||
Reliance Industries, Ltd. | 35,449 | 1,093,230 | 0.6% | |||
Tata Consultancy Services, Ltd. | 24,351 | 1,264,377 | 0.7% | |||
OTHER SECURITIES | 19,821,219 | 9.8% | ||||
Indonesia 1.5% | 2,924,743 | 1.5% | ||||
Malaysia 1.5% | 2,949,995 | 1.5% | ||||
Mexico 2.8% | 5,581,525 | 2.8% | ||||
America Movil SAB de CV, Series L | 475,298 | 465,974 | 0.3% | |||
Organizacion Soriana SAB de CV, Series B (A) | 603,532 | 726,017 | 0.4% | |||
OTHER SECURITIES | 4,389,534 | 2.1% | ||||
Netherlands 0.2% | 388,616 | 0.2% | ||||
Peru 0.1% | 174,408 | 0.1% | ||||
Philippines 1.3% | 2,467,134 | 1.3% | ||||
Union Bank of the Philippines | 300,071 | 519,545 | 0.3% | |||
OTHER SECURITIES | 1,947,589 | 1.0% | ||||
Poland 0.9% | 1,677,942 | 0.9% | ||||
Qatar 0.7% | 1,448,970 | 0.7% | ||||
Qatar National Bank QPSC | 91,578 | 481,989 | 0.3% | |||
OTHER SECURITIES | 966,981 | 0.4% | ||||
Romania 0.0% | 91,417 | 0.0% |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 11 |
Shares | Value | % of Net Assets | ||||
Russia 1.0% | $1,960,930 | 1.0% | ||||
Sberbank of Russia PJSC, ADR | 27,591 | 493,051 | 0.3% | |||
OTHER SECURITIES | 1,467,879 | 0.7% | ||||
Saudi Arabia 2.5% | 4,972,613 | 2.5% | ||||
Al Rajhi Bank | 18,938 | 610,863 | 0.3% | |||
OTHER SECURITIES | 4,361,750 | 2.2% | ||||
Singapore 0.1% | 122,802 | 0.1% | ||||
South Africa 4.4% | 8,646,513 | 4.4% | ||||
FirstRand, Ltd. | 141,880 | 603,998 | 0.3% | |||
MTN Group, Ltd. (A) | 64,641 | 593,322 | 0.3% | |||
OTHER SECURITIES | 7,449,193 | 3.8% | ||||
South Korea 15.1% | 29,800,675 | 15.1% | ||||
Celltrion, Inc. (A) | 2,247 | 566,308 | 0.3% | |||
KB Financial Group, Inc. | 12,086 | 549,793 | 0.3% | |||
Kia Corp. | 6,532 | 477,837 | 0.3% | |||
LG Chem, Ltd. | 705 | 459,382 | 0.3% | |||
LG Electronics, Inc. | 4,149 | 506,724 | 0.3% | |||
Samsung Electronics Company, Ltd. | 117,259 | 7,741,232 | 3.9% | |||
SK Hynix, Inc. | 15,218 | 1,393,367 | 0.7% | |||
OTHER SECURITIES | 18,106,032 | 9.0% | ||||
Spain 0.0% | 20,169 | 0.0% | ||||
Taiwan 15.3% | 30,216,586 | 15.3% | ||||
ASE Technology Holding Company, Ltd., ADR (D) | 48,264 | 447,407 | 0.2% | |||
Hon Hai Precision Industry Company, Ltd. | 161,352 | 644,329 | 0.3% | |||
MediaTek, Inc. | 16,000 | 518,836 | 0.3% | |||
Taiwan Semiconductor Manufacturing Company, Ltd. | 421,000 | 9,234,736 | 4.7% | |||
United Microelectronics Corp. | 245,468 | 556,214 | 0.3% | |||
OTHER SECURITIES | 18,815,064 | 9.5% | ||||
Thailand 1.9% | 3,749,302 | 1.9% | ||||
Turkey 0.5% | 967,718 | 0.5% | ||||
Ukraine 0.0% | 39,844 | 0.0% | ||||
United Arab Emirates 0.8% | 1,506,260 | 0.8% | ||||
12 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | % of Net Assets | ||||
United States 0.1% | $219,927 | 0.1% | ||||
Preferred securities 1.1% | $2,218,605 | |||||
(Cost $1,678,079) | ||||||
Brazil 1.0% | 1,971,510 | 1.0% | ||||
Petroleo Brasileiro SA | 142,938 | 751,621 | 0.4% | |||
OTHER SECURITIES | 1,219,889 | 0.6% | ||||
Chile 0.1% | 147,214 | 0.1% | ||||
Colombia 0.0% | 65,919 | 0.0% | ||||
Philippines 0.0% | 9,818 | 0.0% | ||||
South Korea 0.0% | 1,149 | 0.0% | ||||
Thailand 0.0% | 22,995 | 0.0% | ||||
Investment companies 0.1% | $135,276 | |||||
(Cost $65,195) | ||||||
South Korea 0.1% | 135,276 | 0.1% | ||||
Rights 0.0% | $6,692 | |||||
(Cost $0) | ||||||
Warrants 0.0% | $1,156 | |||||
(Cost $0) |
Yield (%) | Shares | Value | % of Net Assets | |||
Short-term investments 0.9% | $1,794,381 | |||||
(Cost $1,792,953) | ||||||
Short-term funds 0.9% | 1,794,381 | 0.9% | ||||
John Hancock Collateral Trust (E) | 0.0356 (F) | 179,311 | 1,794,381 | 0.9% |
Total investments (Cost $140,426,510) 100.0% | $197,405,655 | 100.0% | |||
Other assets and liabilities, net (0.0%) | (772) | (0.0)% | |||
Total net assets 100.0% | $197,404,883 | 100.0% |
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) | 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. |
(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. |
(D) | All or a portion of this security is on loan as of 8-31-21. |
(E) | Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |
(F) | The rate shown is the annualized seven-day yield as of 8-31-21. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 13 |
Open contracts | Number of contracts | Position | Expiration date | Notional basis^ | Notional value^ | Unrealized appreciation (depreciation) |
S&P 500 E-Mini Index Futures | 6 | Long | Sep 2021 | $1,262,741 | $1,356,150 | $93,409 |
$93,409 |
14 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Assets | |
Unaffiliated investments, at value (Cost $138,633,557) including $3,084,145 of securities loaned | $195,611,274 |
Affiliated investments, at value (Cost $1,792,953) | 1,794,381 |
Total investments, at value (Cost $140,426,510) | 197,405,655 |
Cash | 1,251,220 |
Foreign currency, at value (Cost $1,348,017) | 1,355,468 |
Collateral held at broker for futures contracts | 69,000 |
Dividends and interest receivable | 310,926 |
Receivable for fund shares sold | 159,166 |
Receivable for investments sold | 401,355 |
Receivable for securities lending income | 10,312 |
Receivable from affiliates | 318 |
Other assets | 52,033 |
Total assets | 201,015,453 |
Liabilities | |
Payable for futures variation margin | 2,820 |
Foreign capital gains tax payable | 758,592 |
Payable for investments purchased | 702,458 |
Payable for fund shares repurchased | 158,295 |
Payable upon return of securities loaned | 1,812,044 |
Payable to affiliates | |
Accounting and legal services fees | 7,742 |
Transfer agent fees | 9,836 |
Trustees’ fees | 52 |
Other liabilities and accrued expenses | 158,731 |
Total liabilities | 3,610,570 |
Net assets | $197,404,883 |
Net assets consist of | |
Paid-in capital | $150,923,102 |
Total distributable earnings (loss) | 46,481,781 |
Net assets | $197,404,883 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Emerging Markets Fund | 15 |
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 ($56,920,564 ÷ 4,288,857 shares)1 | $13.27 |
Class C ($2,142,292 ÷ 161,516 shares)1 | $13.26 |
Class I ($45,843,226 ÷ 3,453,822 shares) | $13.27 |
Class R6 ($1,237,778 ÷ 93,357 shares) | $13.26 |
Class NAV ($91,261,023 ÷ 6,873,785 shares) | $13.28 |
Maximum offering price per share | |
Class A (net asset value per share ÷ 95%)2 | $13.97 |
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. |
16 | JOHN HANCOCK Emerging Markets Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Investment income | |
Dividends | $5,842,562 |
Securities lending | 103,852 |
Interest | 4,273 |
Less foreign taxes withheld | (706,240) |
Total investment income | 5,244,447 |
Expenses | |
Investment management fees | 1,992,224 |
Distribution and service fees | 189,320 |
Accounting and legal services fees | 33,778 |
Transfer agent fees | 119,994 |
Trustees’ fees | 3,987 |
Custodian fees | 345,289 |
State registration fees | 79,444 |
Printing and postage | 58,590 |
Professional fees | 87,733 |
Other | 31,856 |
Total expenses | 2,942,215 |
Less expense reductions | (71,755) |
Net expenses | 2,870,460 |
Net investment income | 2,373,987 |
Realized and unrealized gain (loss) | |
Net realized gain (loss) on | |
Unaffiliated investments and foreign currency transactions | 32,202,719 |
Affiliated investments | 850 |
Futures contracts | (33,301) |
32,170,268 | |
Change in net unrealized appreciation (depreciation) of | |
Unaffiliated investments and translation of assets and liabilities in foreign currencies | 26,420,1091 |
Affiliated investments | (2,580) |
Futures contracts | 93,409 |
26,510,938 | |
Net realized and unrealized gain | 58,681,206 |
Increase in net assets from operations | $61,055,193 |
1 | Net of $707,625 increase in deferred India withholding taxes. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Emerging Markets Fund | 17 |
Year ended 8-31-21 | Year ended 8-31-20 | |
Increase (decrease) in net assets | ||
From operations | ||
Net investment income | $2,373,987 | $3,813,420 |
Net realized gain | 32,170,268 | 9,108,906 |
Change in net unrealized appreciation (depreciation) | 26,510,938 | 3,277,852 |
Increase in net assets resulting from operations | 61,055,193 | 16,200,178 |
Distributions to shareholders | ||
From earnings | ||
Class A | (576,484) | (1,111,757) |
Class C | (11,190) | (35,459) |
Class I | (511,213) | (1,705,378) |
Class R6 | (1,043,870) | (1,624,479) |
Class NAV | (1,218,830) | (1,821,714) |
Total distributions | (3,361,587) | (6,298,787) |
From fund share transactions | (89,484,095) | (32,066,509) |
Total decrease | (31,790,489) | (22,165,118) |
Net assets | ||
Beginning of year | 229,195,372 | 251,360,490 |
End of year | $197,404,883 | $229,195,372 |
18 | JOHN HANCOCK Emerging Markets Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS A SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $10.51 | $10.10 | $11.13 | $11.51 | $9.59 |
Net investment income1 | 0.11 | 0.13 | 0.14 | 0.13 | 0.03 |
Net realized and unrealized gain (loss) on investments | 2.78 | 0.50 | (1.04) | (0.39) | 2.03 |
Total from investment operations | 2.89 | 0.63 | (0.90) | (0.26) | 2.06 |
Less distributions | |||||
From net investment income | (0.13) | (0.22) | (0.13) | (0.12) | (0.14) |
Net asset value, end of period | $13.27 | $10.51 | $10.10 | $11.13 | $11.51 |
Total return (%)2,3 | 27.61 | 6.11 | (8.06) | (2.34) | 21.89 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $57 | $49 | $52 | $55 | $51 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 1.54 | 1.57 | 1.51 | 1.45 | 1.50 |
Expenses including reductions | 1.51 | 1.56 | 1.50 | 1.44 | 1.49 |
Net investment income | 0.87 | 1.30 | 1.38 | 1.09 | 0.29 |
Portfolio turnover (%) | 10 | 14 | 13 | 11 | 14 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
3 | Does not reflect the effect of sales charges, if any. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Emerging Markets Fund | 19 |
CLASS C SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $10.52 | $10.11 | $11.13 | $11.52 | $9.60 |
Net investment income1 | 0.02 | 0.06 | 0.06 | 0.04 | 0.04 |
Net realized and unrealized gain (loss) on investments | 2.78 | 0.50 | (1.03) | (0.39) | 1.96 |
Total from investment operations | 2.80 | 0.56 | (0.97) | (0.35) | 2.00 |
Less distributions | |||||
From net investment income | (0.06) | (0.15) | (0.05) | (0.04) | (0.08) |
Net asset value, end of period | $13.26 | $10.52 | $10.11 | $11.13 | $11.52 |
Total return (%)2,3 | 26.65 | 5.40 | (8.71) | (3.04) | 21.03 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $2 | $2 | $3 | $3 | $3 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 2.24 | 2.27 | 2.21 | 2.15 | 2.22 |
Expenses including reductions | 2.21 | 2.26 | 2.20 | 2.14 | 2.21 |
Net investment income | 0.12 | 0.59 | 0.65 | 0.36 | 0.37 |
Portfolio turnover (%) | 10 | 14 | 13 | 11 | 14 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
3 | Does not reflect the effect of sales charges, if any. |
20 | JOHN HANCOCK Emerging Markets Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS I SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $10.51 | $10.10 | $11.12 | $11.50 | $9.58 |
Net investment income1 | 0.15 | 0.15 | 0.17 | 0.15 | 0.18 |
Net realized and unrealized gain (loss) on investments | 2.77 | 0.51 | (1.03) | (0.38) | 1.91 |
Total from investment operations | 2.92 | 0.66 | (0.86) | (0.23) | 2.09 |
Less distributions | |||||
From net investment income | (0.16) | (0.25) | (0.16) | (0.15) | (0.17) |
Net asset value, end of period | $13.27 | $10.51 | $10.10 | $11.12 | $11.50 |
Total return (%)2 | 27.93 | 6.41 | (7.72) | (2.07) | 22.29 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $46 | $37 | $68 | $64 | $92 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 1.24 | 1.27 | 1.22 | 1.15 | 1.21 |
Expenses including reductions | 1.21 | 1.26 | 1.21 | 1.14 | 1.20 |
Net investment income | 1.21 | 1.43 | 1.69 | 1.29 | 1.73 |
Portfolio turnover (%) | 10 | 14 | 13 | 11 | 14 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Emerging Markets Fund | 21 |
CLASS R6 SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $10.49 | $10.09 | $11.11 | $11.49 | $9.58 |
Net investment income1 | 0.06 | 0.18 | 0.17 | 0.20 | 0.39 |
Net realized and unrealized gain (loss) on investments | 2.88 | 0.48 | (1.01) | (0.42) | 1.70 |
Total from investment operations | 2.94 | 0.66 | (0.84) | (0.22) | 2.09 |
Less distributions | |||||
From net investment income | (0.17) | (0.26) | (0.18) | (0.16) | (0.18) |
Net asset value, end of period | $13.26 | $10.49 | $10.09 | $11.11 | $11.49 |
Total return (%)2 | 28.20 | 6.42 | (7.56) | (1.99) | 22.31 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $1 | $67 | $60 | $72 | $11 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 1.13 | 1.16 | 1.11 | 1.05 | 1.11 |
Expenses including reductions | 1.10 | 1.15 | 1.10 | 1.04 | 1.11 |
Net investment income | 0.53 | 1.75 | 1.71 | 1.67 | 3.53 |
Portfolio turnover (%) | 10 | 14 | 13 | 11 | 14 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
22 | JOHN HANCOCK Emerging Markets Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS NAV SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $10.51 | $10.10 | $11.13 | $11.51 | $9.59 |
Net investment income1 | 0.16 | 0.18 | 0.10 | 0.17 | 0.15 |
Net realized and unrealized gain (loss) on investments | 2.78 | 0.49 | (0.95) | (0.39) | 1.95 |
Total from investment operations | 2.94 | 0.67 | (0.85) | (0.22) | 2.10 |
Less distributions | |||||
From net investment income | (0.17) | (0.26) | (0.18) | (0.16) | (0.18) |
Net asset value, end of period | $13.28 | $10.51 | $10.10 | $11.13 | $11.51 |
Total return (%)2 | 28.16 | 6.53 | (7.63) | (1.97) | 22.40 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $91 | $75 | $68 | $962 | $979 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 1.12 | 1.14 | 1.10 | 1.04 | 1.10 |
Expenses including reductions | 1.09 | 1.14 | 1.09 | 1.03 | 1.09 |
Net investment income | 1.30 | 1.77 | 0.93 | 1.46 | 1.45 |
Portfolio turnover (%) | 10 | 14 | 13 | 11 | 14 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Emerging Markets Fund | 23 |
24 | JOHN HANCOCK Emerging Markets Fund | ANNUAL REPORT |
Total value at 8-31-21 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
Common stocks | ||||
Australia | $53,944 | — | $53,944 | — |
Belgium | 24,441 | — | 24,441 | — |
Brazil | 7,670,969 | $7,670,969 | — | — |
Canada | 83,426 | 83,426 | — | — |
Chile | 1,224,728 | 1,224,728 | — | — |
China | 47,257,350 | 7,901,410 | 38,507,207 | $848,733 |
Colombia | 341,279 | 341,279 | — | — |
Cyprus | 32 | — | 32 | — |
Czech Republic | 183,086 | — | 183,086 | — |
Egypt | 77,682 | — | 77,682 | — |
Greece | 522,416 | — | 510,626 | 11,790 |
Hong Kong | 8,374,544 | 50,546 | 8,165,093 | 158,905 |
Hungary | 491,468 | — | 491,468 | — |
India | 27,016,091 | — | 27,007,729 | 8,362 |
Indonesia | 2,924,743 | — | 2,818,455 | 106,288 |
Malaysia | 2,949,995 | — | 2,949,995 | — |
Mexico | 5,581,525 | 5,581,525 | — | — |
Netherlands | 388,616 | 53,859 | 334,757 | — |
Peru | 174,408 | 174,408 | — | — |
Philippines | 2,467,134 | — | 2,466,002 | 1,132 |
ANNUAL REPORT | JOHN HANCOCK Emerging Markets Fund | 25 |
Total value at 8-31-21 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Poland | $1,677,942 | — | $1,677,942 | — |
Qatar | 1,448,970 | — | 1,448,970 | — |
Romania | 91,417 | — | 91,417 | — |
Russia | 1,960,930 | $667,063 | 1,293,867 | — |
Saudi Arabia | 4,972,613 | — | 4,972,613 | — |
Singapore | 122,802 | 122,802 | — | — |
South Africa | 8,646,513 | 891,653 | 7,754,860 | — |
South Korea | 29,800,675 | 194,719 | 29,588,557 | $17,399 |
Spain | 20,169 | — | 20,169 | — |
Taiwan | 30,216,586 | 447,407 | 29,766,654 | 2,525 |
Thailand | 3,749,302 | — | 3,748,213 | 1,089 |
Turkey | 967,718 | — | 967,095 | 623 |
Ukraine | 39,844 | — | 39,844 | — |
United Arab Emirates | 1,506,260 | — | 1,506,260 | — |
United States | 219,927 | — | 219,927 | — |
Preferred securities | ||||
Brazil | 1,971,510 | 1,971,510 | — | — |
Chile | 147,214 | 147,214 | — | — |
Colombia | 65,919 | 65,919 | — | — |
Philippines | 9,818 | — | 9,818 | — |
South Korea | 1,149 | — | 1,149 | — |
Thailand | 22,995 | — | 22,995 | — |
Investment companies | 135,276 | — | 135,276 | — |
Rights | 6,692 | 174 | 6,518 | — |
Warrants | 1,156 | — | 1,156 | — |
Short-term investments | 1,794,381 | 1,794,381 | — | — |
Total investments in securities | $197,405,655 | $29,384,992 | $166,863,817 | $1,156,846 |
Derivatives: | ||||
Assets | ||||
Futures | $93,409 | $93,409 | — | — |
Level 3 includes securities valued at $0. Refer to Fund’s investments. |
26 | JOHN HANCOCK Emerging Markets Fund | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK Emerging Markets Fund | 27 |
28 | JOHN HANCOCK Emerging Markets Fund | ANNUAL REPORT |
August 31, 2021 | August 31, 2020 | |
Ordinary income | $3,361,587 | $6,298,787 |
ANNUAL REPORT | JOHN HANCOCK Emerging Markets Fund | 29 |
Risk | Statement of assets and liabilities location | Financial instruments location | Assets derivatives fair value | Liabilities derivatives fair value |
Equity | Receivable/payable for futures variation margin1 | Futures | $93,409 | — |
1 | Reflects cumulative appreciation/depreciation on open futures as disclosed in the Derivatives section of Fund’s investments. Only the year end variation margin receivable/payable is separately reported on the Statement of assets and liabilities. |
Statement of operations location - Net realized gain (loss) on: | |
Risk | Futures contracts |
Equity | $(33,301) |
Statement of operations location - Change in net unrealized appreciation (depreciation) of: | |
Risk | Futures contracts |
Equity | $93,409 |
30 | JOHN HANCOCK Emerging Markets Fund | ANNUAL REPORT |
Class | Expense reduction |
Class A | $19,374 |
Class C | 758 |
Class I | 15,131 |
Class | Expense reduction |
Class R6 | $5,954 |
Class NAV | 30,538 |
Total | $71,755 |
ANNUAL REPORT | JOHN HANCOCK Emerging Markets Fund | 31 |
Class | Rule 12b-1 Fee |
Class A | 0.30% |
Class C | 1.00% |
Class | Distribution and service fees | Transfer agent fees |
Class A | $166,561 | $63,916 |
Class C | 22,759 | 2,620 |
Class I | — | 48,507 |
Class R6 | — | 4,951 |
Total | $189,320 | $119,994 |
32 | JOHN HANCOCK Emerging Markets Fund | ANNUAL REPORT |
Borrower or Lender | Weighted Average Loan Balance | Days Outstanding | Weighted Average Interest Rate | Interest Income (Expense) |
Borrower | $3,483,417 | 37 | 0.659% | ($2,360) |
Year Ended 8-31-21 | Year Ended 8-31-20 | |||
Shares | Amount | Shares | Amount | |
Class A shares | ||||
Sold | 447,599 | $5,677,563 | 819,875 | $8,289,134 |
Distributions reinvested | 46,673 | 570,348 | 98,738 | 1,102,896 |
Repurchased | (852,449) | (10,527,939) | (1,407,657) | (13,935,083) |
Net decrease | (358,177) | $(4,280,028) | (489,044) | $(4,543,053) |
Class C shares | ||||
Sold | 10,313 | $131,946 | 18,087 | $186,045 |
Distributions reinvested | 912 | 11,190 | 3,145 | 35,354 |
Repurchased | (53,918) | (679,522) | (75,649) | (749,292) |
Net decrease | (42,693) | $(536,386) | (54,417) | $(527,893) |
Class I shares | ||||
Sold | 1,575,874 | $20,341,673 | 1,436,163 | $14,840,915 |
Distributions reinvested | 41,934 | 511,171 | 152,929 | 1,705,160 |
Repurchased | (1,653,793) | (20,607,043) | (4,866,616) | (50,983,555) |
Net increase (decrease) | (35,985) | $245,801 | (3,277,524) | $(34,437,480) |
Class R6 shares | ||||
Sold | 428,433 | $5,195,056 | 2,024,545 | $20,157,760 |
Distributions reinvested | 85,765 | 1,043,757 | 145,955 | 1,624,479 |
Repurchased | (6,774,703) | (88,195,407) | (1,810,363) | (17,867,252) |
Net increase (decrease) | (6,260,505) | $(81,956,594) | 360,137 | $3,914,987 |
Class NAV shares | ||||
Sold | 1,005,294 | $12,785,426 | 1,334,893 | $13,170,840 |
Distributions reinvested | 99,986 | 1,218,830 | 163,529 | 1,821,714 |
Repurchased | (1,355,376) | (16,961,144) | (1,115,672) | (11,465,624) |
Net increase (decrease) | (250,096) | $(2,956,888) | 382,750 | $3,526,930 |
Total net decrease | (6,947,456) | $(89,484,095) | (3,078,098) | $(32,066,509) |
ANNUAL REPORT | JOHN HANCOCK Emerging Markets Fund | 33 |
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* | 179,311 | $4,156,124 | $13,649,338 | $(16,009,351) | $850 | $(2,580) | $103,852 | — | $1,794,381 |
* | Refer to the Securities lending note within Note 2 for details regarding this investment. |
34 | JOHN HANCOCK Emerging Markets Fund | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 35 |
36 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 37 |
(a) | the skills and competency with which the Advisor has in the past managed the Trust’s affairs and its subadvisory relationship, the Advisor’s oversight and monitoring of the Subadvisor’s investment performance and compliance programs, such as the Subadvisor’s compliance with fund policies and objectives, review of brokerage matters, including with respect to trade allocation and best execution and the Advisor’s timeliness in responding to performance issues; |
(b) | the background, qualifications and skills of the Advisor’s personnel; |
(c) | the Advisor’s compliance policies and procedures and its responsiveness to regulatory changes and fund industry developments; |
38 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT |
(d) | the Advisor’s administrative capabilities, including its ability to supervise the other service providers for the fund, as well as the Advisor’s oversight of any securities lending activity, its monitoring of class action litigation and collection of class action settlements on behalf of the fund, and bringing loss recovery actions on behalf of the fund; |
(a) | the Advisor’s initiatives intended to improve various aspects of the Trust’s operations and investor experience with the fund; and |
(b) | the Advisor’s reputation and experience in serving as an investment advisor to the Trust and the benefit to shareholders of investing in funds that are part of a family of funds offering a variety of investments. |
(a) | reviewed information prepared by management regarding the fund’s performance; |
(b) | considered the comparative performance of an applicable benchmark index; |
(c) | considered the performance of comparable funds, if any, as included in the report prepared by an independent third-party provider of fund data; and |
(d) | took into account the Advisor’s analysis of the fund’s performance and its plans and recommendations regarding the Trust’s subadvisory arrangements generally. |
ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 39 |
(a) | reviewed financial information of the Advisor; |
(b) | reviewed and considered information presented by the Advisor regarding the net profitability to the Advisor and its affiliates with respect to the fund; |
(c) | received and reviewed profitability information with respect to the John Hancock Fund Complex as a whole and with respect to the fund; |
(d) | received information with respect to the Advisor’s allocation methodologies used in preparing the profitability data and considered that the Advisor hired an independent third-party consultant to provide an analysis of the Advisor’s allocation methodologies; |
(e) | considered that the John Hancock insurance companies that are affiliates of the Advisor, as shareholders of the Trust directly or through their separate accounts, receive certain tax credits or deductions relating to foreign taxes paid and dividends received by certain funds of the Trust and noted that these tax benefits, which are not available to participants in qualified retirement plans under applicable income tax law, are reflected in the profitability information reviewed by the Board; |
(f) | considered that the Advisor also provides administrative services to the fund on a cost basis pursuant to an administrative services agreement; |
(g) | noted that affiliates of the Advisor provide transfer agency services and distribution services to the fund, and that the fund’s distributor also receives Rule 12b-1 payments to support distribution of the fund; |
(h) | noted that the Advisor also derives reputational and other indirect benefits from providing advisory services to the fund; |
(i) | noted that the subadvisory fee for the fund is paid by the Advisor and is negotiated at arm’s length; |
(j) | considered the Advisor’s ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the fund industry; and |
(k) | considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it provides to the fund and the risks that it assumes as Advisor, including entrepreneurial, operational, reputational, litigation and regulatory risk. |
40 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT |
(a) | considered that the Advisor has contractually agreed to waive a portion of its management fee for certain funds of the John Hancock Fund Complex, including the fund (the participating portfolios) or otherwise reimburse the expenses of the participating portfolios (the reimbursement). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund; |
(b) | reviewed the fund’s advisory fee structure and concluded that: (i) the fund’s fee structure contains breakpoints at the subadvisory fee level and that such breakpoints are reflected as breakpoints in the advisory fees for the fund; and (ii) although economies of scale cannot be measured with precision, these arrangements permit shareholders of the fund to benefit from economies of scale if the fund grows. The Board also took into account management’s discussion of the fund’s advisory fee structure; and |
(c) | the Board also considered the effect of the fund’s growth in size on its performance and fees. The Board also noted that if the fund’s assets increase over time, the fund may realize other economies of scale |
(1) | information relating to the Subadvisor’s business, including current subadvisory services to the Trust (and other funds in the John Hancock Fund Complex); |
(2) | the historical and current performance of the fund and comparative performance information relating to an applicable benchmark index and comparable funds; and |
(3) | the subadvisory fee for the fund, including any breakpoints, and to the extent available, comparable fee information prepared by an independent third party provider of fund data; and |
ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 41 |
(1) | the Subadvisor has extensive experience and demonstrated skills as a manager; |
(2) | the performance of the fund is being monitored and reasonably addressed, where appropriate; |
42 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT |
(3) | the subadvisory fee is reasonable in relation to the level and quality of services being provided under the Subadvisory Agreement; and |
(4) | noted that the subadvisory fees are paid by the Advisor not the fund and that the subadvisory fee breakpoints are reflected as breakpoints in the advisory fees for the fund in order to permit shareholders to benefit from economies of scale if the fund grows. |
ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 43 |
• | The Fund’s investment strategy remained appropriate for an open-end fund structure; |
• | The Fund was able to meet requests for redemption without significant dilution of remaining investors’ interests in the Fund; |
• | The Fund did not report any breaches of the 15% limit on illiquid investments that would require reporting to the Securities and Exchange Commission; |
• | The Fund continued to qualify as a Primarily Highly Liquid Fund under the Liquidity Rule and therefore is not required to establish a HLIM; and |
• | The Chief Compliance Officer’s office performed audit testing of the LRMP which resulted in an assessment that the LRMP’s control environment was deemed to be operating effectively and in compliance with the Board approved procedures. |
44 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 45 |
Independent Trustees | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Hassell H. McClellan, Born: 1945 | 2005 | 190 |
Trustee and Chairperson of the Board | ||
Director/Trustee, Virtus Funds (2008-2020); Director, The Barnes Group (2010-2021); Associate Professor, The Wallace E. Carroll School of Management, Boston College (retired 2013). Trustee (since 2005) and Chairperson of the Board (since 2017) of various trusts within the John Hancock Fund Complex. | ||
Charles L. Bardelis,2 Born: 1941 | 2005 | 190 |
Trustee | ||
Director, Island Commuter Corp. (marine transport). Trustee of various trusts within the John Hancock Fund Complex (since 1988). | ||
James R. Boyle, Born: 1959 | 2015 | 190 |
Trustee | ||
Chief Executive Officer, Foresters Financial (since 2018); Chairman and Chief Executive Officer, Zillion Group, Inc. (formerly HealthFleet, Inc.) (healthcare) (2014-2018); Executive Vice President and Chief Executive Officer, U.S. Life Insurance Division of Genworth Financial, Inc. (insurance) (January 2014–July 2014); Senior Executive Vice President, Manulife Financial, President and Chief Executive Officer, John Hancock (1999–2012); Chairman and Director, John Hancock Investment Management LLC, John Hancock Investment Management Distributors LLC, and John Hancock Variable Trust Advisers LLC (2005–2010). Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015). | ||
Peter S. Burgess,2 Born: 1942 | 2005 | 190 |
Trustee | ||
Consultant (financial, accounting, and auditing matters) (since 1999); Certified Public Accountant; Partner, Arthur Andersen (independent public accounting firm) (prior to 1999); Director, Lincoln Educational Services Corporation (2004-2021); Director, Symetra Financial Corporation (2010–2016); Director, PMA Capital Corporation (2004–2010). Trustee of various trusts within the John Hancock Fund Complex (since 2005). | ||
William H. Cunningham, Born: 1944 | 2012 | 190 |
Trustee | ||
Professor, University of Texas, Austin, Texas (since 1971); former Chancellor, University of Texas System and former President of the University of Texas, Austin, Texas; Chairman (since 2009) and Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000); former Director, LIN Television (2009–2014). Trustee of various trusts within the John Hancock Fund Complex (since 1986). | ||
Grace K. Fey, Born: 1946 | 2008 | 190 |
Trustee | ||
Chief Executive Officer, Grace Fey Advisors (since 2007); Director and Executive Vice President, Frontier Capital Management Company (1988–2007); Director, Fiduciary Trust (since 2009). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |
46 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT |
Independent Trustees (continued) | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Deborah C. Jackson, Born: 1952 | 2012 | 190 |
Trustee | ||
President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Amwell Corporation (since 2020); Board of Directors, Massachusetts Women’s Forum (2018-2020); Board of Directors, National Association of Corporate Directors/New England (2015-2020); Board of Directors, Association of Independent Colleges and Universities of Massachusetts (2014-2017); Chief Executive Officer, American Red Cross of Massachusetts Bay (2002–2011); Board of Directors of Eastern Bank Corporation (since 2001); Board of Directors of Eastern Bank Charitable Foundation (since 2001); Board of Directors of American Student Assistance Corporation (1996–2009); Board of Directors of Boston Stock Exchange (2002–2008); Board of Directors of Harvard Pilgrim Healthcare (health benefits company) (2007–2011). Trustee of various trusts within the John Hancock Fund Complex (since 2008). | ||
Steven R. Pruchansky, Born: 1944 | 2012 | 190 |
Trustee and Vice Chairperson of the Board | ||
Managing Director, Pru Realty (since 2017); Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (2014-2020); Director and President, Greenscapes of Southwest Florida, Inc. (until 2000); Member, Board of Advisors, First American Bank (until 2010); Managing Director, Jon James, LLC (real estate) (since 2000); Partner, Right Funding, LLC (2014-2017); Director, First Signature Bank & Trust Company (until 1991); Director, Mast Realty Trust (until 1994); President, Maxwell Building Corp. (until 1991). Trustee (since 1992), Chairperson of the Board (2011–2012), and Vice Chairperson of the Board (since 2012) of various trusts within the John Hancock Fund Complex. | ||
Frances G. Rathke,2,* Born: 1960 | 2020 | 190 |
Trustee | ||
Board Member, Oatly Group AB (plant-based drink company) (since 2021): Director, Northern New England Energy Corporation (since 2017); Director, Audit Committee Chair and Compensation Committee Member, Green Mountain Power Corporation (since 2016); Director, Treasurer and Finance & Audit Committee Chair, Flynn Center for Performing Arts (since 2016); Director, Audit Committee Chair and Compensation Committee Member, Planet Fitness (since 2016); Director, Citizen Cider, Inc. (high-end hard cider and hard seltzer company) (since 2016); Chief Financial Officer and Treasurer, Keurig Green Mountain, Inc. (2003-retired 2015); Independent Financial Consultant, Frances Rathke Consulting (strategic and financial consulting services) (2001-2003); Chief Financial Officer and Secretary, Ben & Jerry’s Homemade, Inc. (1989-2000, including prior positions); Senior Manager, Coopers & Lybrand, LLC (independent public accounting firm) (1982-1989). Trustee of various trusts within the John Hancock Fund Complex (since 2020). | ||
Gregory A. Russo, Born: 1949 | 2012 | 190 |
Trustee | ||
Director and Audit Committee Chairman (2012-2020), and Member, Audit Committee and Finance Committee (2011-2020), NCH Healthcare System, Inc. (holding company for multi-entity healthcare system); Director and Member (2012-2018) and Finance Committee Chairman (2014-2018), The Moorings, Inc. (nonprofit continuing care community); Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); Vice Chairman, Industrial Markets, KPMG (1998–2002); Chairman and Treasurer, Westchester County, New York, Chamber of Commerce (1986–1992); Director, Treasurer, and Chairman of Audit and Finance Committees, Putnam Hospital Center (1989–1995); Director and Chairman of Fundraising Campaign, United Way of Westchester and Putnam Counties, New York (1990–1995). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |
ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 47 |
Non-Independent Trustees3 | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Andrew G. Arnott, Born: 1971 | 2017 | 190 |
President and Non-Independent Trustee | ||
Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (since 2018); Director and Executive Vice President, John Hancock Investment Management LLC (since 2005, including prior positions); Director and Executive Vice President, John Hancock Variable Trust Advisers LLC (since 2006, including prior positions); President, John Hancock Investment Management Distributors LLC (since 2004, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2017). | ||
Marianne Harrison, Born: 1963 | 2018 | 190 |
Non-Independent Trustee | ||
President and CEO, John Hancock (since 2017); President and CEO, Manulife Canadian Division (2013–2017); Member, Board of Directors, Boston Medical Center (since 2021); Member, Board of Directors, CAE Inc. (since 2019); Member, Board of Directors, MA Competitive Partnership Board (since 2018); Member, Board of Directors, American Council of Life Insurers (ACLI) (since 2018); Member, Board of Directors, Communitech, an industry-led innovation center that fosters technology companies in Canada (2017-2019); Member, Board of Directors, Manulife Assurance Canada (2015-2017); Board Member, St. Mary’s General Hospital Foundation (2014-2017); Member, Board of Directors, Manulife Bank of Canada (2013- 2017); Member, Standing Committee of the Canadian Life & Health Assurance Association (2013-2017); Member, Board of Directors, John Hancock USA, John Hancock Life & Health, John Hancock New York (2012–2013). Trustee of various trusts within the John Hancock Fund Complex (since 2018). |
Principal officers who are not Trustees | |
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years | Current Position(s) with the Trust since |
Charles A. Rizzo, Born: 1957 | 2007 |
Chief Financial Officer | |
Vice President, John Hancock Financial Services (since 2008); Senior Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2008); Chief Financial Officer of various trusts within the John Hancock Fund Complex (since 2007). | |
Salvatore Schiavone, Born: 1965 | 2009 |
Treasurer | |
Assistant Vice President, John Hancock Financial Services (since 2007); Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2007); Treasurer of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). | |
Christopher (Kit) Sechler, Born: 1973 | 2018 |
Secretary and Chief Legal Officer | |
Vice President and Deputy Chief Counsel, John Hancock Investment Management (since 2015); Assistant Vice President and Senior Counsel (2009–2015), John Hancock Investment Management; Assistant Secretary of John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2009); Chief Legal Officer and Secretary of various trusts within the John Hancock Fund Complex (since 2009, including prior positions). |
48 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT |
Principal officers who are not Trustees (continued) | |
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years | Current Position(s) with the Trust since |
Trevor Swanberg, Born: 1979 | 2020 |
Chief Compliance Officer | |
Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2020); Deputy Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2019–2020); Assistant Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2016–2019); Vice President, State Street Global Advisors (2015–2016); Chief Compliance Officer of various trusts within the John Hancock Fund Complex (since 2016, including prior positions). |
1 | Each Trustee holds office until his or her successor is elected and qualified, or until the Trustee’s death, retirement, resignation, or removal. Mr. Boyle has served as Trustee at various times prior to the date listed in the table. |
2 | Member of the Audit Committee. |
3 | The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates. |
* | Appointed as Independent Trustee effective as of September 15, 2020. |
ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 49 |
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
Frances G. Rathke*,1
Gregory A. Russo
President
Chief Financial Officer
Treasurer
Secretary and Chief Legal Officer
Chief Compliance Officer
Jed S. Fogdall
Mary T. Phillips, CFA
Bhanu P. Singh
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 |
50 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT |
GOVERNANCE FUNDS
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MF1822971 | 368A 8/21 |
President and CEO,
John Hancock Investment Management
Head of Wealth and Asset Management,
United States and Europe
ANNUAL REPORT | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | 1 |
2 | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | 3 |
COUNTRY COMPOSITION AS OF 8/31/2021 (% of net assets) | |
United States | 57.5 |
Canada | 3.3 |
Mexico | 3.3 |
Japan | 3.1 |
China | 3.1 |
Hong Kong | 3.0 |
United Kingdom | 2.1 |
Netherlands | 2.0 |
Luxembourg | 2.0 |
Brazil | 1.4 |
Other countries | 19.2 |
TOTAL | 100.0 |
4 | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | ANNUAL REPORT |
TOP 5 EQUITY HOLDINGS AS OF 8/31/2021 (% of net assets) | |
The Blackstone Group, Inc. | 0.5 |
Algonquin Power & Utilities Corp. | 0.5 |
The Kroger Company | 0.5 |
Pfizer, Inc. | 0.5 |
NetApp, Inc. | 0.5 |
TOTAL | 2.5 |
Cash and cash equivalents are not included. |
TOP 5 BOND ISSUERS AS OF 8/31/2021 (% of net assets) | |
Petroleos Mexicanos | 1.0 |
Centene Corp. | 0.8 |
International Game Technology PLC | 0.7 |
DaVita, Inc. | 0.6 |
Nordea Bank Abp | 0.6 |
TOTAL | 3.7 |
Cash and cash equivalents are not included. |
ANNUAL REPORT | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | 5 |
6 | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | ANNUAL 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 | Since inception (11-14-14) | 5-year | Since inception (11-14-14) | as of 8-31-21 | as of 8-31-21 | ||
Class A | 7.65 | 4.20 | 3.82 | 22.86 | 29.00 | 3.00 | 2.72 | |
Class C | 10.75 | 4.41 | 3.76 | 24.11 | 28.49 | 2.40 | 2.10 | |
Class I1 | 12.83 | 5.45 | 4.82 | 30.41 | 37.74 | 3.39 | 3.10 | |
Class R61 | 12.95 | 5.58 | 4.94 | 31.17 | 38.80 | 3.49 | 3.20 | |
Class NAV1,2 | 13.00 | 4.69 | 3.96 | 25.76 | 30.20 | 3.50 | 3.21 | |
Index 1†† | -0.08 | 3.11 | 3.35 | 16.55 | 25.10 | — | — | |
Index 2†† | 29.76 | 14.83 | 11.33 | 99.67 | 107.36 | — | — | |
Index 3†† | 11.51 | 6.81 | 6.28 | 39.00 | 51.30 | — | — | |
Index 4†† | 8.32 | 6.75 | 5.92 | 38.63 | 47.83 | — | — |
Class A | Class C | Class I | Class R6 | Class NAV | |
Gross (%) | 1.55 | 2.30 | 1.30 | 1.18 | 1.17 |
Net (%) | 0.90 | 1.65 | 0.65 | 0.53 | 0.52 |
ANNUAL REPORT | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | 7 |
Start date | With maximum sales charge ($) | Without sales charge ($) | Index 1 ($) | Index 2 ($) | Index 3 ($) | Index 4 ($) | |
Class C3 | 11-14-14 | 12,849 | 12,849 | 12,510 | 20,736 | 15,130 | 14,783 |
Class I1 | 11-14-14 | 13,774 | 13,774 | 12,510 | 20,736 | 15,130 | 14,783 |
Class R61 | 11-14-14 | 13,880 | 13,880 | 12,510 | 20,736 | 15,130 | 14,783 |
Class NAV1,2 | 11-14-14 | 13,020 | 13,020 | 12,510 | 20,736 | 15,130 | 14,783 |
1 | For certain types of investors, as described in the fund’s prospectuses. |
2 | Class NAV shares were first offered on 6-4-20. Returns prior to this date are those of Class C shares that have not been adjusted for class-specific expenses; otherwise, returns would vary. |
3 | The contingent deferred sales charge is not applicable. |
8 | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | 9 |
Account value on 3-1-2021 | Ending value on 8-31-2021 | Expenses paid during period ended 8-31-20211 | Annualized expense ratio | ||
Class A | Actual expenses/actual returns | $1,000.00 | $1,067.60 | $4.64 | 0.89% |
Hypothetical example | 1,000.00 | 1,020.70 | 4.53 | 0.89% | |
Class C | Actual expenses/actual returns | 1,000.00 | 1,062.80 | 8.53 | 1.64% |
Hypothetical example | 1,000.00 | 1,016.90 | 8.34 | 1.64% | |
Class I | Actual expenses/actual returns | 1,000.00 | 1,067.80 | 3.34 | 0.64% |
Hypothetical example | 1,000.00 | 1,022.00 | 3.26 | 0.64% | |
Class R6 | Actual expenses/actual returns | 1,000.00 | 1,068.40 | 2.76 | 0.53% |
Hypothetical example | 1,000.00 | 1,022.50 | 2.70 | 0.53% | |
Class NAV | Actual expenses/actual returns | 1,000.00 | 1,068.30 | 2.71 | 0.52% |
Hypothetical example | 1,000.00 | 1,022.60 | 2.65 | 0.52% |
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). |
10 | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | ANNUAL REPORT |
Rate (%) | Maturity date | Par value^ | Value | ||
Foreign government obligations 1.4% | $2,176,878 | ||||
(Cost $2,020,552) | |||||
Argentina 0.1% | 155,924 | ||||
Republic of Argentina Bond (2.500% to 7-9-22, then 3.500% to 7-9-29, then 4.875% thereafter) | 2.500 | 07-09-41 | 400,000 | 155,924 | |
Bahrain 0.2% | 397,256 | ||||
Kingdom of Bahrain Bond (A) | 5.450 | 09-16-32 | 405,000 | 397,256 | |
Colombia 0.3% | 449,441 | ||||
Republic of Colombia Bond | 6.125 | 01-18-41 | 385,000 | 449,441 | |
Costa Rica 0.5% | 743,757 | ||||
Republic of Costa Rica Bond (A) | 6.125 | 02-19-31 | 700,000 | 743,757 | |
Egypt 0.3% | 430,500 | ||||
Arab Republic of Egypt Bond (A) | 8.875 | 05-29-50 | 400,000 | 430,500 | |
Corporate bonds 57.0% | $89,494,638 | ||||
(Cost $86,247,096) | |||||
Communication services 9.1% | 14,303,255 | ||||
Diversified telecommunication services 2.9% | |||||
C&W Senior Financing DAC (A) | 6.875 | 09-15-27 | 440,000 | 467,764 | |
Cable Onda SA (A) | 4.500 | 01-30-30 | 400,000 | 424,600 | |
Cellnex Telecom SA | 1.875 | 06-26-29 | EUR | 400,000 | 483,514 |
Connect Finco SARL (A) | 6.750 | 10-01-26 | 300,000 | 311,250 | |
Network i2i, Ltd. (5.650% to 1-15-25, then 5 Year CMT + 4.274%) (B) | 5.650 | 01-15-25 | 200,000 | 213,250 | |
PPF Telecom Group BV | 3.125 | 03-27-26 | EUR | 325,000 | 411,083 |
Radiate Holdco LLC (A) | 6.500 | 09-15-28 | 485,000 | 494,700 | |
Sable International Finance, Ltd. (A) | 5.750 | 09-07-27 | 425,000 | 446,080 | |
Telecom Italia Capital SA | 6.000 | 09-30-34 | 400,000 | 454,880 | |
Telesat Canada (A) | 5.625 | 12-06-26 | 315,000 | 302,400 | |
Total Play Telecomunicaciones SA de CV (A) | 7.500 | 11-12-25 | 510,000 | 541,875 | |
Entertainment 0.7% | |||||
AMC Entertainment Holdings, Inc. (10.000% Cash or 12.000% PIK) (A) | 12.000 | 06-15-26 | 230,000 | 207,269 | |
Lions Gate Capital Holdings LLC (A) | 5.500 | 04-15-29 | 350,000 | 357,368 | |
Netflix, Inc. (A) | 4.875 | 06-15-30 | 500,000 | 598,418 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | 11 |
Rate (%) | Maturity date | Par value^ | Value | ||
Communication services (continued) | |||||
Interactive media and services 0.5% | |||||
Arches Buyer, Inc. (A) | 4.250 | 06-01-28 | 100,000 | $101,625 | |
Arches Buyer, Inc. (A) | 6.125 | 12-01-28 | 60,000 | 61,928 | |
Match Group Holdings II LLC (A) | 4.125 | 08-01-30 | 270,000 | 282,825 | |
TripAdvisor, Inc. (A) | 7.000 | 07-15-25 | 390,000 | 412,464 | |
Media 2.6% | |||||
Altice Financing SA (A) | 4.250 | 08-15-29 | EUR | 100,000 | 118,534 |
Altice Financing SA (A) | 5.750 | 08-15-29 | 255,000 | 261,862 | |
Altice France Holding SA (A) | 6.000 | 02-15-28 | 550,000 | 545,188 | |
CCO Holdings LLC | 4.500 | 05-01-32 | 400,000 | 417,940 | |
Globo Comunicacao e Participacoes SA (A) | 4.875 | 01-22-30 | 500,000 | 511,505 | |
iHeartCommunications, Inc. | 8.375 | 05-01-27 | 250,000 | 265,575 | |
LCPR Senior Secured Financing DAC (A) | 5.125 | 07-15-29 | 245,000 | 253,575 | |
LCPR Senior Secured Financing DAC (A) | 6.750 | 10-15-27 | 420,000 | 448,875 | |
National CineMedia LLC (A) | 5.875 | 04-15-28 | 270,000 | 235,575 | |
Townsquare Media, Inc. (A) | 6.875 | 02-01-26 | 112,000 | 118,720 | |
Virgin Media Finance PLC (A) | 5.000 | 07-15-30 | 400,000 | 414,180 | |
VTR Comunicaciones SpA (A) | 4.375 | 04-15-29 | 220,000 | 222,046 | |
WMG Acquisition Corp. (A) | 3.000 | 02-15-31 | 225,000 | 221,625 | |
Wireless telecommunication services 2.4% | |||||
Globe Telecom, Inc. | 2.500 | 07-23-30 | 200,000 | 192,822 | |
Millicom International Cellular SA (A) | 6.250 | 03-25-29 | 373,500 | 409,916 | |
Oztel Holdings SPC, Ltd. (A) | 5.625 | 10-24-23 | 320,000 | 338,027 | |
SoftBank Group Corp. | 5.125 | 09-19-27 | 265,000 | 271,924 | |
SoftBank Group Corp. (6.875% to 7-19-27, then 5 Year ICE Swap Rate + 4.854%) (B) | 6.875 | 07-19-27 | 500,000 | 502,260 | |
Telefonica Celular del Paraguay SA (A) | 5.875 | 04-15-27 | 500,000 | 525,625 | |
T-Mobile USA, Inc. | 4.375 | 04-15-40 | 400,000 | 466,012 | |
Turkcell Iletisim Hizmetleri AS (A) | 5.750 | 10-15-25 | 450,000 | 484,479 | |
VMED O2 UK Financing I PLC (A) | 3.250 | 01-31-31 | EUR | 420,000 | 503,697 |
Consumer discretionary 8.5% | 13,357,433 | ||||
Automobiles 0.5% | |||||
Ford Motor Credit Company LLC | 4.000 | 11-13-30 | 200,000 | 211,000 | |
General Motors Financial Company, Inc. (5.700% to 9-30-30, then 5 Year CMT + 4.997%) (B) | 5.700 | 09-30-30 | 480,000 | 550,800 | |
Diversified consumer services 0.9% | |||||
GEMS MENASA Cayman, Ltd. (A) | 7.125 | 07-31-26 | 325,000 | 336,375 |
12 | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Consumer discretionary (continued) | |||||
Diversified consumer services (continued) | |||||
King Talent Management, Ltd. (5.600% to 12-4-22, then 5 Year CMT + 3.521%) (B) | 5.600 | 12-04-22 | 200,000 | $187,300 | |
Sotheby’s (A) | 7.375 | 10-15-27 | 500,000 | 530,525 | |
Stena International SA (A) | 6.125 | 02-01-25 | 400,000 | 413,500 | |
Hotels, restaurants and leisure 5.9% | |||||
Affinity Gaming (A) | 6.875 | 12-15-27 | 305,000 | 324,002 | |
Bally’s Corp. (A) | 6.750 | 06-01-27 | 470,000 | 508,188 | |
Carnival Corp. (A) | 5.750 | 03-01-27 | 230,000 | 235,136 | |
Carnival Corp. (A) | 7.625 | 03-01-26 | 110,000 | 116,887 | |
CEC Entertainment LLC (A) | 6.750 | 05-01-26 | 260,000 | 257,641 | |
Dave & Buster’s, Inc. (A) | 7.625 | 11-01-25 | 270,000 | 286,200 | |
Everi Holdings, Inc. (A) | 5.000 | 07-15-29 | 65,000 | 66,528 | |
Hilton Domestic Operating Company, Inc. (A) | 3.625 | 02-15-32 | 245,000 | 243,163 | |
Hilton Domestic Operating Company, Inc. (A) | 5.750 | 05-01-28 | 425,000 | 459,077 | |
Hilton Grand Vacations Borrower Escrow LLC (A) | 5.000 | 06-01-29 | 370,000 | 374,625 | |
International Game Technology PLC (A) | 4.125 | 04-15-26 | 260,000 | 270,023 | |
International Game Technology PLC (A) | 5.250 | 01-15-29 | 310,000 | 330,925 | |
International Game Technology PLC (A) | 6.500 | 02-15-25 | 400,000 | 446,000 | |
Life Time, Inc. (A) | 8.000 | 04-15-26 | 120,000 | 125,700 | |
Melco Resorts Finance, Ltd. | 5.625 | 07-17-27 | 300,000 | 310,434 | |
MGM China Holdings, Ltd. | 5.875 | 05-15-26 | 200,000 | 209,940 | |
MGM Resorts International | 6.750 | 05-01-25 | 425,000 | 450,500 | |
Mohegan Gaming & Entertainment (A) | 8.000 | 02-01-26 | 490,000 | 513,456 | |
New Red Finance, Inc. (A) | 4.375 | 01-15-28 | 450,000 | 456,750 | |
Premier Entertainment Sub LLC (A) | 5.875 | 09-01-31 | 380,000 | 389,500 | |
Resorts World Las Vegas LLC (A) | 4.625 | 04-16-29 | 500,000 | 517,295 | |
Resorts World Las Vegas LLC | 4.625 | 04-16-29 | 200,000 | 206,918 | |
Sazka Group AS (A) | 3.875 | 02-15-27 | EUR | 450,000 | 538,306 |
Studio City Finance, Ltd. (A) | 6.500 | 01-15-28 | 400,000 | 418,964 | |
Travel + Leisure Company | 6.600 | 10-01-25 | 310,000 | 347,975 | |
Travel + Leisure Company (A) | 6.625 | 07-31-26 | 280,000 | 318,948 | |
Yum! Brands, Inc. (A) | 4.750 | 01-15-30 | 420,000 | 463,575 | |
Household durables 0.3% | |||||
Empire Communities Corp. (A) | 7.000 | 12-15-25 | 110,000 | 116,050 | |
KB Home | 4.000 | 06-15-31 | 251,000 | 261,040 | |
TopBuild Corp. (A) | 3.625 | 03-15-29 | 130,000 | 130,127 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | 13 |
Rate (%) | Maturity date | Par value^ | Value | ||
Consumer discretionary (continued) | |||||
Internet and direct marketing retail 0.5% | |||||
MercadoLibre, Inc. | 3.125 | 01-14-31 | 400,000 | $394,892 | |
Prosus NV (A) | 2.031 | 08-03-32 | EUR | 170,000 | 203,357 |
Prosus NV (A) | 3.832 | 02-08-51 | 200,000 | 181,124 | |
Multiline retail 0.1% | |||||
Golden Eagle Retail Group, Ltd. | 4.625 | 05-21-23 | 200,000 | 203,088 | |
Textiles, apparel and luxury goods 0.3% | |||||
Hanesbrands, Inc. (A) | 5.375 | 05-15-25 | 430,000 | 451,599 | |
Consumer staples 2.6% | 4,136,255 | ||||
Food and staples retailing 0.2% | |||||
Performance Food Group, Inc. (A) | 4.250 | 08-01-29 | 150,000 | 150,509 | |
U.S. Foods, Inc. (A) | 4.750 | 02-15-29 | 195,000 | 199,631 | |
Food products 1.8% | |||||
BRF SA (A) | 5.750 | 09-21-50 | 200,000 | 201,250 | |
JBS USA Food Company (A) | 5.750 | 01-15-28 | 500,000 | 527,900 | |
Kraft Heinz Foods Company | 4.250 | 03-01-31 | 230,000 | 265,493 | |
MARB BondCo PLC (A) | 3.950 | 01-29-31 | 215,000 | 209,716 | |
NBM US Holdings, Inc. (A) | 7.000 | 05-14-26 | 700,000 | 744,870 | |
Post Holdings, Inc. (A) | 4.500 | 09-15-31 | 400,000 | 403,500 | |
Ulker Biskuvi Sanayi AS (A) | 6.950 | 10-30-25 | 505,000 | 544,441 | |
Household products 0.3% | |||||
Edgewell Personal Care Company (A) | 4.125 | 04-01-29 | 160,000 | 161,000 | |
Edgewell Personal Care Company (A) | 5.500 | 06-01-28 | 300,000 | 317,625 | |
Personal products 0.3% | |||||
Natura Cosmeticos SA (A) | 4.125 | 05-03-28 | 200,000 | 205,300 | |
Oriflame Investment Holding PLC (A) | 5.125 | 05-04-26 | 200,000 | 205,020 | |
Energy 7.1% | 11,120,385 | ||||
Energy equipment and services 0.5% | |||||
Honghua Group, Ltd. | 6.375 | 08-01-22 | 200,000 | 195,493 | |
Inkia Energy, Ltd. (A) | 5.875 | 11-09-27 | 500,000 | 508,755 | |
Oil, gas and consumable fuels 6.6% | |||||
Antero Resources Corp. (A) | 5.375 | 03-01-30 | 65,000 | 66,133 | |
Antero Resources Corp. (A) | 8.375 | 07-15-26 | 71,000 | 80,408 | |
Ascent Resources Utica Holdings LLC (A) | 5.875 | 06-30-29 | 180,000 | 172,555 | |
Cheniere Energy Partners LP (A) | 4.000 | 03-01-31 | 230,000 | 242,075 | |
Cheniere Energy Partners LP | 4.500 | 10-01-29 | 445,000 | 479,488 | |
Energean Israel Finance, Ltd. (A) | 5.375 | 03-30-28 | 100,000 | 102,020 | |
Energean Israel Finance, Ltd. (A) | 5.875 | 03-30-31 | 190,000 | 194,640 | |
Energy Transfer LP (7.125% to 5-15-30, then 5 Year CMT + 5.306%) (B) | 7.125 | 05-15-30 | 510,000 | 524,535 |
14 | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Energy (continued) | |||||
Oil, gas and consumable fuels (continued) | |||||
EQM Midstream Partners LP (A) | 4.750 | 01-15-31 | 205,000 | $208,588 | |
Genesis Energy LP | 7.750 | 02-01-28 | 215,000 | 210,681 | |
Greenko Solar Mauritius, Ltd. | 5.950 | 07-29-26 | 200,000 | 213,557 | |
Hess Midstream Operations LP (A) | 4.250 | 02-15-30 | 72,000 | 72,900 | |
HPCL-Mittal Energy, Ltd. | 5.450 | 10-22-26 | 200,000 | 208,172 | |
Indika Energy Capital III Pte, Ltd. | 5.875 | 11-09-24 | 200,000 | 201,100 | |
Indika Energy Capital IV Pte, Ltd. (A) | 8.250 | 10-22-25 | 250,000 | 263,313 | |
Inversiones Latin America Power Ltda (A) | 5.125 | 06-15-33 | 200,000 | 199,500 | |
Leviathan Bond, Ltd. (A) | 6.750 | 06-30-30 | 410,000 | 457,643 | |
MC Brazil Downstream Trading SARL (A) | 7.250 | 06-30-31 | 295,000 | 307,007 | |
Medco Bell Pte, Ltd. | 6.375 | 01-30-27 | 400,000 | 406,736 | |
MEG Energy Corp. (A) | 5.875 | 02-01-29 | 87,000 | 89,602 | |
MEG Energy Corp. (A) | 7.125 | 02-01-27 | 255,000 | 268,326 | |
MPLX LP (6.875% to 2-15-23, then 3 month LIBOR + 4.652%) (B) | 6.875 | 02-15-23 | 525,000 | 536,156 | |
New Fortress Energy, Inc. (A) | 6.500 | 09-30-26 | 330,000 | 331,716 | |
NuStar Logistics LP | 6.375 | 10-01-30 | 235,000 | 259,844 | |
Occidental Petroleum Corp. | 6.375 | 09-01-28 | 135,000 | 160,144 | |
Occidental Petroleum Corp. | 6.625 | 09-01-30 | 135,000 | 168,413 | |
Parkland Corp. (A) | 5.875 | 07-15-27 | 350,000 | 372,925 | |
Petrobras Global Finance BV | 5.500 | 06-10-51 | 275,000 | 274,656 | |
Petroleos Mexicanos | 6.625 | 06-15-35 | 635,000 | 614,890 | |
Petroleos Mexicanos (A) | 6.875 | 10-16-25 | 260,000 | 284,045 | |
Petroleos Mexicanos | 7.470 | 11-12-26 | MXN | 12,562,500 | 555,630 |
Petrorio Luxembourg Sarl (A) | 6.125 | 06-09-26 | 215,000 | 220,590 | |
Plains All American Pipeline LP (6.125% to 11-15-22, then 3 month LIBOR + 4.110%) (B) | 6.125 | 11-15-22 | 340,000 | 303,450 | |
Talos Production, Inc. | 12.000 | 01-15-26 | 100,000 | 103,250 | |
Thaioil Treasury Center Company, Ltd. | 3.500 | 10-17-49 | 300,000 | 268,107 | |
The Oil and Gas Holding Company BSCC (A) | 7.500 | 10-25-27 | 450,000 | 496,893 | |
Transportadora de Gas del Sur SA (A) | 6.750 | 05-02-25 | 275,000 | 260,480 | |
Venture Global Calcasieu Pass LLC (A) | 4.125 | 08-15-31 | 225,000 | 235,969 | |
Financials 7.1% | 11,113,399 | ||||
Banks 4.1% | |||||
Banco do Brasil SA (A) | 4.875 | 04-19-23 | 340,000 | 357,989 | |
Bank of America Corp. (6.100% to 3-17-25, then 3 month LIBOR + 3.898%) (B) | 6.100 | 03-17-25 | 650,000 | 730,243 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | 15 |
Rate (%) | Maturity date | Par value^ | Value | ||
Financials (continued) | |||||
Banks (continued) | |||||
Barclays PLC (4.375% to 3-15-28, then 5 Year CMT + 3.410%) (B) | 4.375 | 03-15-28 | 300,000 | $303,840 | |
Barclays PLC (6.125% to 12-15-25, then 5 Year CMT + 5.867%) (B) | 6.125 | 12-15-25 | 330,000 | 367,745 | |
Citizens Financial Group, Inc. (5.650% to 10-6-25, then 5 Year CMT + 5.313%) (B) | 5.650 | 10-06-25 | 485,000 | 540,775 | |
Credit Agricole SA (8.125% to 12-23-25, then 5 Year U.S. Swap Rate + 6.185%) (A)(B) | 8.125 | 12-23-25 | 385,000 | 468,299 | |
Freedom Mortgage Corp. (A) | 6.625 | 01-15-27 | 140,000 | 134,050 | |
Freedom Mortgage Corp. (A) | 8.250 | 04-15-25 | 254,000 | 259,080 | |
HDFC Bank, Ltd. (3.700% to 8-25-26, then 5 Year CMT + 2.925%) (A)(B) | 3.700 | 08-25-26 | 200,000 | 200,700 | |
ING Groep NV (6.500% to 4-16-25, then 5 Year U.S. Swap Rate + 4.446%) (B) | 6.500 | 04-16-25 | 440,000 | 489,166 | |
Itau Unibanco Holding SA (A) | 3.250 | 01-24-25 | 450,000 | 460,305 | |
JPMorgan Chase & Co. (6.750% to 2-1-24, then 3 month LIBOR + 3.780%) (B) | 6.750 | 02-01-24 | 520,000 | 573,950 | |
Nanyang Commercial Bank, Ltd. (5.000% to 6-2-22, then 5 Year CMT + 3.205%) (B) | 5.000 | 06-02-22 | 200,000 | 203,002 | |
Nordea Bank ABP (3.750% to 3-1-29, then 5 Year CMT + 2.602%) (A)(B) | 3.750 | 03-01-29 | 935,000 | 930,980 | |
Societe Generale SA (7.375% to 9-13-21, then 5 Year U.S. Swap Rate + 6.238%) (A)(B) | 7.375 | 09-13-21 | 350,000 | 350,665 | |
Capital markets 1.0% | |||||
Deutsche Bank AG (4.875% to 12-1-27, then 5 Year ICE Swap Rate + 2.553%) | 4.875 | 12-01-32 | 425,000 | 465,094 | |
Guangxi Financial Investment Group Company, Ltd. | 3.600 | 11-18-23 | 400,000 | 376,444 | |
The Charles Schwab Corp. (5.375% to 6-1-25, then 5 Year CMT + 4.971%) (B) | 5.375 | 06-01-25 | 300,000 | 333,390 | |
XP, Inc. (A) | 3.250 | 07-01-26 | 420,000 | 410,088 | |
Consumer finance 0.3% | |||||
Unifin Financiera SAB de CV (A) | 9.875 | 01-28-29 | 475,000 | 477,375 | |
Diversified financial services 0.6% | |||||
Brightstar Escrow Corp. (A) | 9.750 | 10-15-25 | 185,000 | 199,338 | |
LS Finance 2017, Ltd. | 4.875 | 07-15-24 | 200,000 | 198,385 | |
Operadora de Servicios Mega SA de CV (A) | 8.250 | 02-11-25 | 500,000 | 509,370 |
16 | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Financials (continued) | |||||
Insurance 1.0% | |||||
Athene Holding, Ltd. | 6.150 | 04-03-30 | 320,000 | $408,030 | |
Markel Corp. (6.000% to 6-1-25, then 5 Year CMT + 5.662%) (B) | 6.000 | 06-01-25 | 400,000 | 444,960 | |
SBL Holdings, Inc. (6.500% to 11-13-26, then 5 Year CMT + 5.620%) (A)(B) | 6.500 | 11-13-26 | 800,000 | 792,000 | |
Thrifts and mortgage finance 0.1% | |||||
Nationstar Mortgage Holdings, Inc. (A) | 5.125 | 12-15-30 | 125,000 | 128,136 | |
Health care 3.8% | 5,975,059 | ||||
Health care equipment and supplies 0.1% | |||||
Varex Imaging Corp. (A) | 7.875 | 10-15-27 | 148,000 | 166,705 | |
Health care providers and services 2.4% | |||||
Centene Corp. | 2.500 | 03-01-31 | 330,000 | 329,149 | |
Centene Corp. | 3.000 | 10-15-30 | 390,000 | 404,223 | |
Centene Corp. | 3.375 | 02-15-30 | 515,000 | 538,175 | |
DaVita, Inc. (A) | 3.750 | 02-15-31 | 440,000 | 434,815 | |
DaVita, Inc. (A) | 4.625 | 06-01-30 | 500,000 | 522,580 | |
MEDNAX, Inc. (A) | 6.250 | 01-15-27 | 500,000 | 526,875 | |
Rede D’or Finance Sarl (A) | 4.500 | 01-22-30 | 419,000 | 427,380 | |
Select Medical Corp. (A) | 6.250 | 08-15-26 | 330,000 | 348,975 | |
U.S. Renal Care, Inc. (A) | 10.625 | 07-15-27 | 250,000 | 262,453 | |
Health care technology 0.2% | |||||
Change Healthcare Holdings LLC (A) | 5.750 | 03-01-25 | 260,000 | 262,600 | |
Life sciences tools and services 0.1% | |||||
Syneos Health, Inc. (A) | 3.625 | 01-15-29 | 105,000 | 104,445 | |
Pharmaceuticals 1.0% | |||||
Bausch Health Americas, Inc. (A) | 9.250 | 04-01-26 | 500,000 | 538,750 | |
Bausch Health Companies, Inc. (A) | 5.750 | 08-15-27 | 325,000 | 341,250 | |
Organon & Company (A) | 5.125 | 04-30-31 | 295,000 | 309,443 | |
Viatris, Inc. (A) | 4.000 | 06-22-50 | 420,000 | 457,241 | |
Industrials 6.4% | 9,974,271 | ||||
Aerospace and defense 0.4% | |||||
Embraer Netherlands Finance BV (A) | 6.950 | 01-17-28 | 265,000 | 302,066 | |
The Boeing Company | 5.705 | 05-01-40 | 275,000 | 356,141 | |
Air freight and logistics 0.5% | |||||
Simpar Europe SA (A) | 5.200 | 01-26-31 | 200,000 | 205,184 | |
Simpar Finance Sarl (A) | 10.750 | 02-12-28 | BRL | 1,190,000 | 204,773 |
XPO Logistics, Inc. (A) | 6.250 | 05-01-25 | 270,000 | 285,188 | |
Airlines 0.4% | |||||
American Airlines, Inc. (A) | 5.750 | 04-20-29 | 210,000 | 226,772 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | 17 |
Rate (%) | Maturity date | Par value^ | Value | ||
Industrials (continued) | |||||
Airlines (continued) | |||||
United Airlines 2020-1 Class A Pass Through Trust | 5.875 | 10-15-27 | 185,495 | $206,347 | |
United Airlines, Inc. (A) | 4.375 | 04-15-26 | 220,000 | 228,228 | |
Building products 0.3% | |||||
Builders FirstSource, Inc. (A) | 5.000 | 03-01-30 | 500,000 | 535,000 | |
Commercial services and supplies 1.8% | |||||
Allied Universal Holdco LLC (A) | 6.000 | 06-01-29 | 275,000 | 274,975 | |
Allied Universal Holdco LLC (A) | 6.625 | 07-15-26 | 330,000 | 352,688 | |
APX Group, Inc. (A) | 5.750 | 07-15-29 | 245,000 | 245,613 | |
APX Group, Inc. | 7.625 | 09-01-23 | 500,000 | 509,500 | |
Cimpress PLC (A) | 7.000 | 06-15-26 | 500,000 | 522,500 | |
Elis SA | 1.625 | 04-03-28 | EUR | 300,000 | 357,105 |
Garda World Security Corp. (A) | 9.500 | 11-01-27 | 250,000 | 272,248 | |
Prime Security Services Borrower LLC (A) | 3.375 | 08-31-27 | 225,000 | 217,115 | |
Stericycle, Inc. (A) | 3.875 | 01-15-29 | 115,000 | 117,037 | |
Construction and engineering 1.4% | |||||
Arcosa, Inc. (A) | 4.375 | 04-15-29 | 170,000 | 175,029 | |
Ellaktor Value PLC (A) | 6.375 | 12-15-24 | EUR | 550,000 | 643,438 |
Global Infrastructure Solutions, Inc. (A) | 5.625 | 06-01-29 | 235,000 | 239,923 | |
IEA Energy Services LLC (A) | 6.625 | 08-15-29 | 160,000 | 158,640 | |
IHS Netherlands Holdco BV (A) | 8.000 | 09-18-27 | 400,000 | 430,600 | |
Picasso Finance Sub, Inc. (A) | 6.125 | 06-15-25 | 211,000 | 223,133 | |
Tutor Perini Corp. (A) | 6.875 | 05-01-25 | 240,000 | 247,200 | |
Electrical equipment 0.1% | |||||
Atkore, Inc. (A) | 4.250 | 06-01-31 | 125,000 | 129,219 | |
Industrial conglomerates 0.3% | |||||
Turkiye Sise ve Cam Fabrikalari AS (A) | 6.950 | 03-14-26 | 435,000 | 484,294 | |
Machinery 0.3% | |||||
HTA Group, Ltd. (A) | 7.000 | 12-18-25 | 205,000 | 216,615 | |
Madison IAQ LLC (A) | 5.875 | 06-30-29 | 124,000 | 126,945 | |
Vertical Holdco GmbH (A) | 6.625 | 07-15-28 | EUR | 117,000 | 147,739 |
Road and rail 0.5% | |||||
Uber Technologies, Inc. (A) | 8.000 | 11-01-26 | 750,000 | 798,750 | |
Trading companies and distributors 0.1% | |||||
Alta Equipment Group, Inc. (A) | 5.625 | 04-15-26 | 125,000 | 128,438 | |
Transportation infrastructure 0.3% | |||||
Adani Ports & Special Economic Zone, Ltd. | 4.375 | 07-03-29 | 200,000 | 213,273 | |
GMR Hyderabad International Airport, Ltd. | 4.250 | 10-27-27 | 200,000 | 192,555 |
18 | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Information technology 1.3% | $2,036,961 | ||||
IT services 0.7% | |||||
21Vianet Group, Inc. | 7.875 | 10-15-21 | 200,000 | 200,100 | |
Sixsigma Networks Mexico SA de CV (A) | 7.500 | 05-02-25 | 935,000 | 899,938 | |
Semiconductors and semiconductor equipment 0.2% | |||||
Qorvo, Inc. (A) | 3.375 | 04-01-31 | 330,000 | 351,384 | |
Software 0.1% | |||||
Clarivate Science Holdings Corp. (A) | 3.875 | 07-01-28 | 91,000 | 92,613 | |
Technology hardware, storage and peripherals 0.3% | |||||
Atento Luxco 1 SA (A) | 8.000 | 02-10-26 | 160,000 | 176,048 | |
Seagate HDD Cayman (A) | 4.125 | 01-15-31 | 300,000 | 316,878 | |
Materials 5.5% | 8,716,962 | ||||
Chemicals 2.0% | |||||
Braskem Netherlands Finance BV (A) | 5.875 | 01-31-50 | 285,000 | 329,531 | |
Chandra Asri Petrochemical Tbk PT | 4.950 | 11-08-24 | 400,000 | 406,653 | |
Chemours Company (A) | 4.625 | 11-15-29 | 190,000 | 188,674 | |
Cydsa SAB de CV (A) | 6.250 | 10-04-27 | 450,000 | 475,155 | |
ICL Group, Ltd. (A) | 6.375 | 05-31-38 | 400,000 | 514,796 | |
The Scotts Miracle-Gro Company | 4.500 | 10-15-29 | 450,000 | 470,250 | |
Tronox, Inc. (A) | 4.625 | 03-15-29 | 230,000 | 233,209 | |
UPL Corp., Ltd. (5.250% to 2-27-25, then 5 Year CMT + 3.865%) (B) | 5.250 | 02-27-25 | 200,000 | 204,380 | |
Yingde Gases Investment, Ltd. | 6.250 | 01-19-23 | 300,000 | 307,498 | |
Construction materials 0.5% | |||||
Cemex SAB de CV (A) | 3.875 | 07-11-31 | 200,000 | 205,752 | |
Standard Industries, Inc. (A) | 5.000 | 02-15-27 | 210,000 | 217,088 | |
Wienerberger AG | 2.750 | 06-04-25 | EUR | 300,000 | 381,323 |
Containers and packaging 0.3% | |||||
Ardagh Packaging Finance PLC (A) | 5.250 | 08-15-27 | 340,000 | 351,900 | |
Graham Packaging Company, Inc. (A) | 7.125 | 08-15-28 | 120,000 | 127,921 | |
Metals and mining 2.7% | |||||
ABJA Investment Company Pte, Ltd. | 5.950 | 07-31-24 | 300,000 | 326,250 | |
Adaro Indonesia PT | 4.250 | 10-31-24 | 250,000 | 256,250 | |
Chalieco Hong Kong Corp., Ltd. (5.000% to 5-21-23, then 3 Year CMT + 6.380%) (B) | 5.000 | 05-21-23 | 200,000 | 202,578 | |
China Hongqiao Group, Ltd. | 7.125 | 07-22-22 | 400,000 | 409,787 | |
Commercial Metals Company | 3.875 | 02-15-31 | 195,000 | 199,572 | |
First Quantum Minerals, Ltd. (A) | 7.500 | 04-01-25 | 450,000 | 466,313 | |
Gold Fields Orogen Holdings BVI, Ltd. (A) | 6.125 | 05-15-29 | 475,000 | 572,850 | |
HBIS Group Hong Kong Company, Ltd. | 3.750 | 12-18-22 | 300,000 | 302,238 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | 19 |
Rate (%) | Maturity date | Par value^ | Value | ||
Materials (continued) | |||||
Metals and mining (continued) | |||||
JSW Steel, Ltd. | 5.950 | 04-18-24 | 400,000 | $429,016 | |
Shandong Iron and Steel Xinheng International Company, Ltd. | 6.850 | 09-25-22 | 400,000 | 416,172 | |
Volcan Cia Minera SAA (A) | 4.375 | 02-11-26 | 430,000 | 418,743 | |
Yankuang Group Cayman, Ltd. | 4.000 | 07-16-23 | 300,000 | 303,063 | |
Real estate 3.2% | 4,997,241 | ||||
Equity real estate investment trusts 0.7% | |||||
RHP Hotel Properties LP (A) | 4.500 | 02-15-29 | 230,000 | 232,875 | |
RLJ Lodging Trust LP (A) | 3.750 | 07-01-26 | 142,000 | 143,243 | |
Uniti Group LP (A) | 6.500 | 02-15-29 | 130,000 | 135,483 | |
VICI Properties LP (A) | 4.625 | 12-01-29 | 465,000 | 505,688 | |
Real estate management and development 2.5% | |||||
Agile Group Holdings, Ltd. (7.875% to 7-31-24, then 5 Year CMT + 11.294%) (B) | 7.875 | 07-31-24 | 200,000 | 197,777 | |
Central China Real Estate, Ltd. | 7.250 | 07-16-24 | 200,000 | 154,508 | |
China SCE Group Holdings, Ltd. | 7.375 | 04-09-24 | 200,000 | 206,060 | |
CIFI Holdings Group Company, Ltd. | 6.000 | 07-16-25 | 200,000 | 208,842 | |
Country Garden Holdings Company, Ltd. | 5.625 | 01-14-30 | 350,000 | 379,351 | |
Easy Tactic, Ltd. | 5.875 | 02-13-23 | 300,000 | 222,527 | |
Greenland Global Investment, Ltd. | 6.750 | 03-03-24 | 400,000 | 322,922 | |
New Metro Global, Ltd. | 7.500 | 12-16-21 | 200,000 | 202,070 | |
New World China Land, Ltd. | 4.750 | 01-23-27 | 300,000 | 320,834 | |
Powerlong Real Estate Holdings, Ltd. | 6.250 | 08-10-24 | 200,000 | 203,990 | |
Redsun Properties Group, Ltd. | 9.700 | 04-16-23 | 200,000 | 201,219 | |
RKPF Overseas 2019 A, Ltd. | 6.000 | 09-04-25 | 200,000 | 203,111 | |
Sunac China Holdings, Ltd. | 7.500 | 02-01-24 | 200,000 | 202,158 | |
Times China Holdings, Ltd. | 6.750 | 07-08-25 | 200,000 | 198,861 | |
Yanlord Land HK Company, Ltd. | 6.750 | 04-23-23 | 200,000 | 207,103 | |
Yuzhou Group Holdings Company, Ltd. | 7.850 | 08-12-26 | 200,000 | 161,639 | |
Yuzhou Group Holdings Company, Ltd. | 8.500 | 02-04-23 | 200,000 | 190,074 | |
Zhenro Properties Group, Ltd. | 7.875 | 04-14-24 | 200,000 | 196,906 | |
Utilities 2.4% | 3,763,417 | ||||
Electric utilities 0.9% | |||||
Light Servicos de Eletricidade SA (A) | 4.375 | 06-18-26 | 395,000 | 404,011 | |
NRG Energy, Inc. (A) | 3.375 | 02-15-29 | 100,000 | 100,500 | |
NRG Energy, Inc. (A) | 3.625 | 02-15-31 | 160,000 | 162,800 | |
Southern California Edison Company (6.250% to 2-1-22, then 3 month LIBOR + 4.199%) (B) | 6.250 | 02-01-22 | 450,000 | 456,244 |
20 | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Utilities (continued) | |||||
Electric utilities (continued) | |||||
Vistra Operations Company LLC (A) | 5.625 | 02-15-27 | 330,000 | $343,632 | |
Gas utilities 0.9% | |||||
AmeriGas Partners LP | 5.750 | 05-20-27 | 400,000 | 450,000 | |
Infraestructura Energetica Nova SAB de CV (A) | 4.750 | 01-15-51 | 630,000 | 654,413 | |
Superior Plus LP (A) | 4.500 | 03-15-29 | 245,000 | 253,771 | |
Independent power and renewable electricity producers 0.4% | |||||
Greenko Dutch BV (A) | 3.850 | 03-29-26 | 200,000 | 204,276 | |
JSW Hydro Energy, Ltd. (A) | 4.125 | 05-18-31 | 200,000 | 201,750 | |
ReNew Power Private, Ltd. | 6.450 | 09-27-22 | 200,000 | 206,250 | |
Multi-utilities 0.2% | |||||
Sempra Energy (4.875% to 10-15-25, then 5 Year CMT + 4.550%) (B) | 4.875 | 10-15-25 | 300,000 | 325,770 | |
Term loans (C) 0.2% | $310,639 | ||||
(Cost $308,698) | |||||
Health care 0.2% | 310,639 | ||||
Health care providers and services 0.2% | |||||
Gentiva Health Services, Inc., 2020 Term Loan (1 month LIBOR + 2.750%) | 2.875 | 07-02-25 | 311,418 | 310,639 | |
Collateralized mortgage obligations 0.3% | $448,236 | ||||
(Cost $430,176) | |||||
Commercial and residential 0.3% | 448,236 | ||||
BX Commercial Mortgage Trust | |||||
Series 2019-XL, Class F (1 month LIBOR + 2.000%) (A)(D) | 2.096 | 10-15-36 | 446,835 | 448,236 | |
Asset backed securities 0.8% | $1,344,353 | ||||
(Cost $1,291,987) | |||||
Asset backed securities 0.8% | 1,344,353 | ||||
Driven Brands Funding LLC | |||||
Series 2019-1A, Class A2 (A) | 4.641 | 04-20-49 | 531,375 | 573,263 | |
Jack in the Box Funding LLC | |||||
Series 2019-1A, Class A23 (A) | 4.970 | 08-25-49 | 124,063 | 137,534 | |
Sonic Capital LLC | |||||
Series 2020-1A, Class A2II (A) | 4.336 | 01-20-50 | 199,812 | 218,994 | |
VR Funding LLC | |||||
Series 2020-1A, Class A (A) | 2.790 | 11-15-50 | 412,940 | 414,562 | |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | 21 |
Shares | Value | ||||
Common stocks 31.6% | $49,640,425 | ||||
(Cost $45,655,748) | |||||
Communication services 2.7% | 4,241,818 | ||||
Diversified telecommunication services 2.3% | |||||
BCE, Inc. | 5,765 | 300,667 | |||
Deutsche Telekom AG | 13,148 | 279,569 | |||
Elisa OYJ | 4,478 | 286,998 | |||
HKT Trust & HKT, Ltd. | 210,000 | 286,354 | |||
Koninklijke KPN NV | 88,654 | 283,991 | |||
Orange SA | 24,879 | 282,854 | |||
Proximus SADP | 14,262 | 279,626 | |||
Swisscom AG | 494 | 289,947 | |||
Telefonica Deutschland Holding AG | 97,609 | 274,001 | |||
Telenor ASA | 8,328 | 145,898 | |||
TELUS Corp. | 12,702 | 292,670 | |||
Verizon Communications, Inc. | 11,824 | 650,320 | |||
Wireless telecommunication services 0.4% | |||||
SoftBank Corp. | 21,400 | 286,393 | |||
Tele2 AB, B Shares | 20,151 | 302,530 | |||
Consumer discretionary 0.3% | 534,851 | ||||
Household durables 0.2% | |||||
Sekisui House, Ltd. | 13,600 | 270,956 | |||
Specialty retail 0.1% | |||||
Best Buy Company, Inc. | 2,265 | 263,895 | |||
Consumer staples 5.8% | 9,031,658 | ||||
Beverages 1.3% | |||||
Keurig Dr. Pepper, Inc. | 18,947 | 675,839 | |||
PepsiCo, Inc. | 4,230 | 661,530 | |||
The Coca-Cola Company | 11,693 | 658,433 | |||
Food and staples retailing 0.5% | |||||
The Kroger Company | 17,506 | 805,801 | |||
Food products 1.4% | |||||
Archer-Daniels-Midland Company | 11,155 | 669,300 | |||
General Mills, Inc. | 11,167 | 645,564 | |||
Kellogg Company | 5,181 | 327,128 | |||
The J.M. Smucker Company | 5,126 | 633,932 | |||
Household products 1.7% | |||||
Colgate-Palmolive Company | 7,948 | 619,547 | |||
Kimberly-Clark Corp. | 4,915 | 677,336 | |||
The Clorox Company | 3,695 | 620,945 | |||
The Procter & Gamble Company | 4,842 | 689,452 |
22 | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Consumer staples (continued) | |||||
Tobacco 0.9% | |||||
Altria Group, Inc. | 14,086 | $707,540 | |||
British American Tobacco PLC | 7,257 | 272,234 | |||
Imperial Brands PLC | 4,775 | 101,262 | |||
Japan Tobacco, Inc. | 13,700 | 265,815 | |||
Financials 4.5% | 7,063,765 | ||||
Banks 1.6% | |||||
BOC Hong Kong Holdings, Ltd. | 86,000 | 260,251 | |||
Canadian Imperial Bank of Commerce | 2,506 | 288,290 | |||
Hang Seng Bank, Ltd. | 14,200 | 253,859 | |||
Mitsubishi UFJ Financial Group, Inc. | 39,200 | 212,677 | |||
Mizuho Financial Group, Inc. | 19,500 | 273,231 | |||
Royal Bank of Canada | 2,862 | 293,992 | |||
Sumitomo Mitsui Financial Group, Inc. | 3,100 | 106,999 | |||
The PNC Financial Services Group, Inc. | 3,125 | 597,188 | |||
The Toronto-Dominion Bank | 4,207 | 273,197 | |||
Capital markets 1.2% | |||||
Daiwa Securities Group, Inc. | 50,500 | 285,679 | |||
T. Rowe Price Group, Inc. | 3,278 | 733,846 | |||
The Blackstone Group, Inc. | 6,653 | 836,482 | |||
Insurance 1.7% | |||||
Admiral Group PLC | 6,392 | 317,594 | |||
Cincinnati Financial Corp. | 5,590 | 689,806 | |||
Erie Indemnity Company, Class A | 3,599 | 637,347 | |||
Japan Post Holdings Company, Ltd. (E) | 33,800 | 290,502 | |||
Medibank Private, Ltd. | 118,006 | 305,731 | |||
MS&AD Insurance Group Holdings, Inc. | 9,100 | 294,557 | |||
Tokio Marine Holdings, Inc. | 2,300 | 112,537 | |||
Health care 2.5% | 3,976,187 | ||||
Biotechnology 0.8% | |||||
AbbVie, Inc. | 5,711 | 689,756 | |||
Amgen, Inc. | 2,730 | 615,697 | |||
Pharmaceuticals 1.7% | |||||
GlaxoSmithKline PLC | 14,374 | 289,142 | |||
Johnson & Johnson | 3,902 | 675,553 | |||
Merck & Company, Inc. | 8,514 | 649,533 | |||
Pfizer, Inc. | 16,807 | 774,298 | |||
Sanofi | 2,723 | 282,208 | |||
Industrials 1.2% | 1,865,388 | ||||
Air freight and logistics 0.4% | |||||
CH Robinson Worldwide, Inc. | 7,184 | 646,991 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | 23 |
Shares | Value | ||||
Industrials (continued) | |||||
Industrial conglomerates 0.6% | |||||
3M Company | 3,292 | $641,084 | |||
CK Hutchison Holdings, Ltd. | 37,500 | 273,379 | |||
Trading companies and distributors 0.2% | |||||
Mitsubishi Corp. | 10,100 | 303,934 | |||
Information technology 2.2% | 3,488,105 | ||||
Communications equipment 0.5% | |||||
Cisco Systems, Inc. | 12,388 | 731,140 | |||
IT services 0.4% | |||||
Paychex, Inc. | 5,984 | 684,988 | |||
Semiconductors and semiconductor equipment 0.8% | |||||
Broadcom, Inc. | 1,358 | 675,211 | |||
Texas Instruments, Inc. | 3,471 | 662,649 | |||
Technology hardware, storage and peripherals 0.5% | |||||
NetApp, Inc. | 8,255 | 734,117 | |||
Materials 1.7% | 2,587,375 | ||||
Construction materials 0.2% | |||||
Holcim, Ltd. (E) | 4,393 | 250,320 | |||
Containers and packaging 0.8% | |||||
International Paper Company | 8,156 | 490,094 | |||
Packaging Corp. of America | 4,788 | 726,340 | |||
Metals and mining 0.5% | |||||
Fortescue Metals Group, Ltd. | 14,756 | 224,959 | |||
Newmont Corp. | 10,321 | 598,515 | |||
Paper and forest products 0.2% | |||||
UPM-Kymmene OYJ | 7,294 | 297,147 | |||
Real estate 2.5% | 3,961,835 | ||||
Equity real estate investment trusts 2.2% | |||||
Crown Castle International Corp. | 3,302 | 642,866 | |||
Daiwa House REIT Investment Corp. | 96 | 283,529 | |||
Extra Space Storage, Inc. | 3,873 | 723,902 | |||
Japan Real Estate Investment Corp. | 45 | 278,106 | |||
Mapletree Logistics Trust | 67,980 | 102,260 | |||
Mid-America Apartment Communities, Inc. | 3,685 | 708,883 | |||
Public Storage | 2,129 | 688,966 | |||
Real estate management and development 0.3% | |||||
CK Asset Holdings, Ltd. | 40,747 | 265,348 | |||
Sun Hung Kai Properties, Ltd. | 19,000 | 267,975 |
24 | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Utilities 8.2% | $12,889,443 | ||||
Electric utilities 3.5% | |||||
Alliant Energy Corp. | 11,679 | 709,966 | |||
American Electric Power Company, Inc. | 7,777 | 696,586 | |||
CLP Holdings, Ltd. | 28,500 | 284,884 | |||
Endesa SA | 11,278 | 271,148 | |||
Eversource Energy | 8,025 | 728,108 | |||
Pinnacle West Capital Corp. | 3,032 | 233,161 | |||
Power Assets Holdings, Ltd. | 42,500 | 266,731 | |||
Red Electrica Corp. SA | 14,616 | 291,495 | |||
Terna - Rete Elettrica Nazionale | 36,837 | 291,383 | |||
The Kansai Electric Power Company, Inc. | 29,700 | 298,463 | |||
The Southern Company | 10,796 | 709,621 | |||
Xcel Energy, Inc. | 9,797 | 673,544 | |||
Gas utilities 0.2% | |||||
Snam SpA | 46,291 | 273,700 | |||
Independent power and renewable electricity producers 0.1% | |||||
Meridian Energy, Ltd. | 28,895 | 106,721 | |||
Multi-utilities 3.8% | |||||
Algonquin Power & Utilities Corp. | 16,000 | 808,000 | |||
Ameren Corp. | 7,948 | 697,199 | |||
CMS Energy Corp. | 11,022 | 706,841 | |||
Dominion Energy, Inc. | 6,552 | 510,008 | |||
Dominion Energy, Inc. | 4,500 | 450,270 | |||
DTE Energy Company | 5,735 | 690,150 | |||
E.ON SE | 23,790 | 313,875 | |||
National Grid PLC | 20,586 | 266,264 | |||
Public Service Enterprise Group, Inc. | 11,006 | 703,724 | |||
Sempra Energy | 1,893 | 250,557 | |||
WEC Energy Group, Inc. | 7,191 | 679,406 | |||
Water utilities 0.6% | |||||
Essential Utilities, Inc. | 13,934 | 691,544 | |||
United Utilities Group PLC | 19,673 | 286,094 | |||
Preferred securities 3.0% | $4,704,864 | ||||
(Cost $4,279,239) | |||||
Communication services 0.3% | 543,174 | ||||
Wireless telecommunication services 0.3% | |||||
Telephone & Data Systems, Inc., 6.625% | 20,125 | 543,174 | |||
Financials 0.2% | 314,601 | ||||
Banks 0.2% | |||||
Wells Fargo & Company, 7.500% | 211 | 314,601 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | 25 |
Shares | Value | ||||
Industrials 0.1% | $189,780 | ||||
Trading companies and distributors 0.1% | |||||
Fortress Transportation and Infrastructure Investors LLC (8.250% 6-15-26, then 5 Year CMT + 7.378%) | 6,725 | 189,780 | |||
Information technology 0.4% | 552,388 | ||||
Semiconductors and semiconductor equipment 0.4% | |||||
Broadcom, Inc., 8.000% | 350 | 552,388 | |||
Real estate 0.2% | 281,227 | ||||
Equity real estate investment trusts 0.2% | |||||
Pebblebrook Hotel Trust, 6.375% | 10,275 | 281,227 | |||
Utilities 1.8% | 2,823,694 | ||||
Electric utilities 0.8% | |||||
American Electric Power Company, Inc., 6.125% | 9,491 | 499,606 | |||
NextEra Energy, Inc., 6.219% | 10,224 | 550,767 | |||
SCE Trust VI, 5.000% | 10,564 | 263,149 | |||
Gas utilities 0.6% | |||||
Spire, Inc., 7.500% | 7,643 | 387,882 | |||
UGI Corp., 7.250% | 4,500 | 468,675 | |||
Multi-utilities 0.4% | |||||
DTE Energy Company, 6.250% | 7,050 | 364,767 | |||
NiSource, Inc., 7.750% | 2,800 | 288,848 | |||
Yield* (%) | Maturity date | Par value^ | Value | ||
Short-term investments 5.1% | $8,118,354 | ||||
(Cost $8,118,356) | |||||
Commercial paper 1.6% | 2,499,644 | ||||
Manhattan Asset Funding Company LLC | 0.090 | 11-15-21 | 750,000 | 749,818 | |
Old Line Funding LLC | 0.070 | 10-20-21 | 750,000 | 749,903 | |
Province of British Columbia | 0.040 | 09-03-21 | 500,000 | 499,998 | |
Sumitomo Mitsui Trust | 0.120 | 11-05-21 | 500,000 | 499,925 | |
U.S. Government 1.2% | 1,999,782 | ||||
U.S. Treasury Bill | 0.048 | 12-02-21 | 1,000,000 | 999,891 | |
U.S. Treasury Bill | 0.057 | 12-02-21 | 1,000,000 | 999,891 | |
U.S. Government Agency 0.5% | 749,918 | ||||
Federal Home Loan Bank Discount Note | 0.040 | 11-19-21 | 750,000 | 749,918 |
Yield (%) | Shares | Value | |||
Short-term funds 1.8% | 2,869,010 | ||||
State Street Institutional U.S. Government Money Market Fund, Premier Class | 0.0250(F) | 2,869,010 | 2,869,010 |
26 | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Total investments (Cost $148,351,852) 99.4% | $156,238,387 | ||||
Other assets and liabilities, net 0.6% | 879,636 | ||||
Total net assets 100.0% | $157,118,023 |
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 |
EUR | Euro |
MXN | Mexican Peso |
Security Abbreviations and Legend | |
CMT | Constant Maturity Treasury |
ICE | Intercontinental Exchange |
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. |
(A) | 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 $61,120,960 or 38.9% of the fund’s net assets as of 8-31-21. |
(B) | Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date. |
(C) | Term loans are variable rate obligations. The coupon rate shown represents the rate at period end. |
(D) | Variable rate obligation. The coupon rate shown represents the rate at period end. |
(E) | Non-income producing security. |
(F) | The rate shown is the annualized seven-day yield as of 8-31-21. |
* | 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. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | 27 |
Contract to buy | Contract to sell | Counterparty (OTC) | Contractual settlement date | Unrealized appreciation | Unrealized depreciation | ||
USD | 954,019 | EUR | 806,225 | SSB | 9/15/2021 | $1,832 | — |
USD | 562,131 | MXN | 11,320,000 | SSB | 9/15/2021 | — | $(524) |
$1,832 | $(524) |
Options on securities | ||||||||
Counterparty (OTC)/ Exchange- traded | Name of issuer | Currency | Exercise price | Expiration date | Number of contracts | Notional amount | Premium | Value |
Calls | ||||||||
Exchange-traded | iShares MSCI Emerging Markets ETF | USD | 53.50 | Sep 2021 | 14 | 1,400 | $670 | $(47) |
Exchange-traded | iShares MSCI Emerging Markets ETF | USD | 52.50 | Sep 2021 | 14 | 1,400 | 406 | (574) |
Exchange-traded | iShares MSCI Emerging Markets ETF | USD | 51.00 | Sep 2021 | 14 | 1,400 | 728 | (2,331) |
Exchange-traded | iShares MSCI Emerging Markets ETF | USD | 53.00 | Sep 2021 | 11 | 1,100 | 373 | (611) |
Exchange-traded | iShares MSCI Japan ETF | USD | 69.50 | Sep 2021 | 18 | 1,800 | 1,007 | (81) |
Exchange-traded | iShares MSCI Japan ETF | USD | 69.00 | Sep 2021 | 18 | 1,800 | 755 | (540) |
Exchange-traded | iShares MSCI Japan ETF | USD | 68.50 | Sep 2021 | 18 | 1,800 | 809 | (1,287) |
Exchange-traded | iShares MSCI Japan ETF | USD | 69.50 | Sep 2021 | 18 | 1,800 | 576 | (801) |
$5,324 | $(6,272) | |||||||
Puts | ||||||||
Exchange-traded | iShares MSCI Emerging Markets ETF | USD | 52.00 | Sep 2021 | 64 | 6,400 | $6,782 | $(1,056) |
Exchange-traded | iShares MSCI Emerging Markets ETF | USD | 51.00 | Sep 2021 | 66 | 6,600 | 5,410 | (1,056) |
Exchange-traded | iShares MSCI Emerging Markets ETF | USD | 49.50 | Sep 2021 | 67 | 6,700 | 5,538 | (938) |
Exchange-traded | iShares MSCI Emerging Markets ETF | USD | 51.50 | Sep 2021 | 65 | 6,500 | 5,390 | (3,478) |
Exchange-traded | iShares MSCI Japan ETF | USD | 68.00 | Sep 2021 | 24 | 2,400 | 2,615 | (432) |
28 | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Options on securities (continued) | ||||||||
Counterparty (OTC)/ Exchange- traded | Name of issuer | Currency | Exercise price | Expiration date | Number of contracts | Notional amount | Premium | Value |
Puts (continued) | ||||||||
Exchange-traded | iShares MSCI Japan ETF | USD | 67.50 | Sep 2021 | 25 | 2,500 | $2,049 | $(638) |
Exchange-traded | iShares MSCI Japan ETF | USD | 67.00 | Sep 2021 | 25 | 2,500 | 1,999 | (788) |
Exchange-traded | iShares MSCI Japan ETF | USD | 68.00 | Sep 2021 | 25 | 2,500 | 2,199 | (2,000) |
$31,982 | $(10,386) | |||||||
$37,306 | $(16,658) |
Options on index | ||||||||
Counterparty (OTC)/ Exchange- traded | Name of issuer | Currency | Exercise price | Expiration date | Number of contracts | Notional amount | Premium | Value |
Calls | ||||||||
CITI | FTSE 100 Index | GBP | 7,225.00 | Sep 2021 | 5 | 5 | $177 | $(72) |
GSI | FTSE 100 Index | GBP | 7,200.00 | Sep 2021 | 5 | 5 | 263 | (263) |
GSI | FTSE 100 Index | GBP | 7,225.00 | Oct 2021 | 5 | 5 | 272 | (272) |
$712 | $(607) | |||||||
Exchange-traded | EURO STOXX 50 Index | EUR | 4,250.00 | Sep 2021 | 3 | 30 | 629 | (74) |
Exchange-traded | EURO STOXX 50 Index | EUR | 4,275.00 | Sep 2021 | 3 | 30 | 699 | (122) |
Exchange-traded | EURO STOXX 50 Index | EUR | 4,250.00 | Sep 2021 | 3 | 30 | 683 | (526) |
Exchange-traded | EURO STOXX 50 Index | EUR | 4,250.00 | Sep 2021 | 3 | 30 | 761 | (761) |
Exchange-traded | FTSE 100 Index | GBP | 7,200.00 | Sep 2021 | 1 | 10 | 541 | (437) |
Exchange-traded | S&P 500 Index | USD | 4,490.00 | Sep 2021 | 3 | 300 | 8,258 | (11,925) |
Exchange-traded | S&P 500 Index | USD | 4,510.00 | Sep 2021 | 3 | 300 | 5,997 | (10,410) |
Exchange-traded | S&P 500 Index | USD | 4,530.00 | Sep 2021 | 3 | 300 | 6,447 | (9,840) |
Exchange-traded | S&P 500 Index | USD | 4,590.00 | Sep 2021 | 2 | 200 | 4,498 | (3,340) |
$28,513 | $(37,435) | |||||||
Puts | ||||||||
CITI | FTSE 100 Index | GBP | 7,100.00 | Sep 2021 | 8 | 8 | $1,083 | $(591) |
GSI | FTSE 100 Index | GBP | 7,100.00 | Sep 2021 | 9 | 9 | 1,209 | (1,209) |
GSI | FTSE 100 Index | GBP | 7,100.00 | Oct 2021 | 9 | 9 | 1,414 | (1,414) |
$3,706 | $(3,214) | |||||||
Exchange-traded | EURO STOXX 50 Index | EUR | 4,200.00 | Sep 2021 | 5 | 50 | 2,954 | (1,739) |
Exchange-traded | EURO STOXX 50 Index | EUR | 4,200.00 | Sep 2021 | 5 | 50 | 3,280 | (1,995) |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | 29 |
Options on index (continued) | ||||||||
Counterparty (OTC)/ Exchange- traded | Name of issuer | Currency | Exercise price | Expiration date | Number of contracts | Notional amount | Premium | Value |
Exchange-traded | EURO STOXX 50 Index | EUR | 4,150.00 | Sep 2021 | 5 | 50 | $3,136 | $(2,184) |
Exchange-traded | EURO STOXX 50 Index | EUR | 4,175.00 | Sep 2021 | 5 | 50 | 3,389 | (3,389) |
Exchange-traded | FTSE 100 Index | GBP | 7,100.00 | Sep 2021 | 1 | 10 | 1,330 | (880) |
Exchange-traded | S&P 500 Index | USD | 4,400.00 | Sep 2021 | 2 | 200 | 14,278 | (280) |
Exchange-traded | S&P 500 Index | USD | 4,440.00 | Sep 2021 | 2 | 200 | 11,358 | (2,030) |
Exchange-traded | S&P 500 Index | USD | 4,520.00 | Sep 2021 | 2 | 200 | 9,658 | (10,160) |
$49,383 | $(22,657) | |||||||
$82,314 | $(63,913) |
Derivatives Currency Abbreviations | |
EUR | Euro |
GBP | Pound Sterling |
MXN | Mexican Peso |
USD | U.S. Dollar |
Derivatives Abbreviations | |
CITI | Citibank, N.A. |
GSI | Goldman Sachs International |
OTC | Over-the-counter |
SSB | State Street Bank and Trust Company |
30 | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Assets | |
Unaffiliated investments, at value (Cost $148,351,852) | $156,238,387 |
Receivable for centrally cleared swaps | 99,611 |
Unrealized appreciation on forward foreign currency contracts | 1,832 |
Cash | 392 |
Foreign currency, at value (Cost $187,993) | 186,488 |
Dividends and interest receivable | 1,431,939 |
Receivable for investments sold | 410,732 |
Receivable from affiliates | 1,270 |
Other assets | 17,196 |
Total assets | 158,387,847 |
Liabilities | |
Unrealized depreciation on forward foreign currency contracts | 524 |
Written options, at value (Premiums received $119,620) | 80,571 |
Payable for investments purchased | 935,056 |
Payable for fund shares repurchased | 81,287 |
Payable to affiliates | |
Accounting and legal services fees | 6,107 |
Transfer agent fees | 553 |
Trustees’ fees | 41 |
Other liabilities and accrued expenses | 165,685 |
Total liabilities | 1,269,824 |
Net assets | $157,118,023 |
Net assets consist of | |
Paid-in capital | $146,406,110 |
Total distributable earnings (loss) | 10,711,913 |
Net assets | $157,118,023 |
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 ($4,537,205 ÷ 431,089 shares)1 | $10.52 |
Class C ($725,242 ÷ 69,278 shares)1 | $10.47 |
Class I ($506,566 ÷ 48,057 shares) | $10.54 |
Class R6 ($568,158 ÷ 53,859 shares) | $10.55 |
Class NAV ($150,780,852 ÷ 13,654,222 shares) | $11.04 |
Maximum offering price per share | |
Class A (net asset value per share ÷ 95.5%)2 | $11.02 |
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 | ANNUAL REPORT | JOHN HANCOCK Multi-Asset High Income Fund | 31 |
Investment income | |
Interest | $5,210,412 |
Dividends | 1,811,305 |
Securities lending | 4,184 |
Less foreign taxes withheld | (58,915) |
Total investment income | 6,966,986 |
Expenses | |
Investment management fees | 649,582 |
Distribution and service fees | 18,124 |
Accounting and legal services fees | 23,045 |
Transfer agent fees | 6,640 |
Trustees’ fees | 2,948 |
Custodian fees | 146,211 |
State registration fees | 69,868 |
Printing and postage | 22,773 |
Professional fees | 58,246 |
Other | 16,508 |
Total expenses | 1,013,945 |
Less expense reductions | (184,731) |
Net expenses | 829,214 |
Net investment income | 6,137,772 |
Realized and unrealized gain (loss) | |
Net realized gain (loss) on | |
Unaffiliated investments and foreign currency transactions | 7,899,300 |
Affiliated investments | (79) |
Futures contracts | 25,254 |
Forward foreign currency contracts | (62,532) |
Written options | 764,416 |
Swap contracts | (3,438) |
8,622,921 | |
Change in net unrealized appreciation (depreciation) of | |
Unaffiliated investments and translation of assets and liabilities in foreign currencies | 3,977,647 |
Forward foreign currency contracts | 40,704 |
Written options | 45,882 |
4,064,233 | |
Net realized and unrealized gain | 12,687,154 |
Increase in net assets from operations | $18,824,926 |
32 | JOHN HANCOCK Multi-Asset High Income Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Year ended 8-31-21 | Year ended 8-31-20 | |
Increase (decrease) in net assets | ||
From operations | ||
Net investment income | $6,137,772 | $1,427,312 |
Net realized gain | 8,622,921 | 102,641 |
Change in net unrealized appreciation (depreciation) | 4,064,233 | 3,733,456 |
Increase in net assets resulting from operations | 18,824,926 | 5,263,409 |
Distributions to shareholders | ||
From earnings | ||
Class A | (245,069) | (104,227) |
Class C | (30,477) | (12,352) |
Class I | (26,789) | (8,018) |
Class R6 | (19,571) | (5,497) |
Class NAV | (8,113,451) | (631,175) |
Total distributions | (8,435,357) | (761,269) |
From fund share transactions | (1,548,975) | 137,699,737 |
Total increase | 8,840,594 | 142,201,877 |
Net assets | ||
Beginning of year | 148,277,429 | 6,075,552 |
End of year | $157,118,023 | $148,277,429 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Multi-Asset High Income Fund | 33 |
CLASS A SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $9.86 | $9.88 | $9.67 | $9.93 | $9.75 |
Net investment income1 | 0.37 | 0.30 | 0.31 | 0.32 | 0.29 |
Net realized and unrealized gain (loss) on investments | 0.84 | (0.11)2 | 0.21 | (0.24) | 0.21 |
Total from investment operations | 1.21 | 0.19 | 0.52 | 0.08 | 0.50 |
Less distributions | |||||
From net investment income | (0.47) | (0.21) | (0.31) | (0.34) | (0.32) |
From net realized gain | (0.08) | — | — | —3 | —3 |
Total distributions | (0.55) | (0.21) | (0.31) | (0.34) | (0.32) |
Net asset value, end of period | $10.52 | $9.86 | $9.88 | $9.67 | $9.93 |
Total return (%)4,5 | 12.67 | 1.96 | 5.52 | 0.80 | 5.30 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $5 | $5 | $5 | $5 | $6 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 1.00 | 1.596 | 3.886 | 2.286 | 2.776 |
Expenses including reductions | 0.89 | 0.906 | 0.626 | 0.626 | 0.636 |
Net investment income | 3.62 | 2.98 | 3.20 | 3.26 | 2.96 |
Portfolio turnover (%) | 79 | 42 | 29 | 50 | 17 |
1 | Based on average daily shares outstanding. |
2 | The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of the sales and repurchases of shares in relation to fluctuating market values of the investments of the fund. |
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 | Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the fund. |
34 | JOHN HANCOCK Multi-Asset High Income Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS C SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $9.81 | $9.85 | $9.64 | $9.90 | $9.72 |
Net investment income1 | 0.29 | 0.23 | 0.24 | 0.25 | 0.22 |
Net realized and unrealized gain (loss) on investments | 0.84 | (0.11)2 | 0.21 | (0.24) | 0.22 |
Total from investment operations | 1.13 | 0.12 | 0.45 | 0.01 | 0.44 |
Less distributions | |||||
From net investment income | (0.39) | (0.16) | (0.24) | (0.27) | (0.26) |
From net realized gain | (0.08) | — | — | —3 | —3 |
Total distributions | (0.47) | (0.16) | (0.24) | (0.27) | (0.26) |
Net asset value, end of period | $10.47 | $9.81 | $9.85 | $9.64 | $9.90 |
Total return (%)4,5 | 11.75 | 1.24 | 4.80 | 0.09 | 4.58 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $1 | $1 | $1 | $1 | $2 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 1.75 | 2.306 | 4.586 | 2.986 | 3.476 |
Expenses including reductions | 1.64 | 1.626 | 1.326 | 1.326 | 1.336 |
Net investment income | 2.87 | 2.27 | 2.51 | 2.54 | 2.30 |
Portfolio turnover (%) | 79 | 42 | 29 | 50 | 17 |
1 | Based on average daily shares outstanding. |
2 | The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of the sales and repurchases of shares in relation to fluctuating market values of the investments of the fund. |
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 | Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the fund. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Multi-Asset High Income Fund | 35 |
CLASS I SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $9.88 | $9.89 | $9.67 | $9.93 | $9.76 |
Net investment income1 | 0.40 | 0.33 | 0.34 | 0.36 | 0.32 |
Net realized and unrealized gain (loss) on investments | 0.83 | (0.11)2 | 0.22 | (0.25) | 0.20 |
Total from investment operations | 1.23 | 0.22 | 0.56 | 0.11 | 0.52 |
Less distributions | |||||
From net investment income | (0.49) | (0.23) | (0.34) | (0.37) | (0.35) |
From net realized gain | (0.08) | — | — | —3 | —3 |
Total distributions | (0.57) | (0.23) | (0.34) | (0.37) | (0.35) |
Net asset value, end of period | $10.54 | $9.88 | $9.89 | $9.67 | $9.93 |
Total return (%)4 | 12.83 | 2.28 | 5.94 | 1.11 | 5.51 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $1 | $—5 | $—5 | $—5 | $3 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.75 | 1.306 | 3.606 | 1.986 | 2.466 |
Expenses including reductions | 0.64 | 0.626 | 0.346 | 0.326 | 0.316 |
Net investment income | 3.87 | 3.29 | 3.50 | 3.59 | 3.32 |
Portfolio turnover (%) | 79 | 42 | 29 | 50 | 17 |
1 | Based on average daily shares outstanding. |
2 | The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of the sales and repurchases of shares in relation to fluctuating market values of the investments of the fund. |
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 | Less than $500,000. |
6 | Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the fund. |
36 | JOHN HANCOCK Multi-Asset High Income Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS R6 SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $9.89 | $9.89 | $9.68 | $9.94 | $9.76 |
Net investment income1 | 0.41 | 0.35 | 0.34 | 0.37 | 0.33 |
Net realized and unrealized gain (loss) on investments | 0.84 | (0.11)2 | 0.22 | (0.25) | 0.21 |
Total from investment operations | 1.25 | 0.24 | 0.56 | 0.12 | 0.54 |
Less distributions | |||||
From net investment income | (0.51) | (0.24) | (0.35) | (0.38) | (0.36) |
From net realized gain | (0.08) | — | — | —3 | —3 |
Total distributions | (0.59) | (0.24) | (0.35) | (0.38) | (0.36) |
Net asset value, end of period | $10.55 | $9.89 | $9.89 | $9.68 | $9.94 |
Total return (%)4 | 12.95 | 2.46 | 5.94 | 1.20 | 5.73 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $1 | $—5 | $—5 | $—5 | $1 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.65 | 1.196 | 3.486 | 1.886 | 2.376 |
Expenses including reductions | 0.53 | 0.506 | 0.226 | 0.226 | 0.226 |
Net investment income | 3.99 | 3.45 | 3.53 | 3.69 | 3.42 |
Portfolio turnover (%) | 79 | 42 | 29 | 50 | 17 |
1 | Based on average daily shares outstanding. |
2 | The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of the sales and repurchases of shares in relation to fluctuating market values of the investments of the fund. |
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 | Less than $500,000. |
6 | Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the fund. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Multi-Asset High Income Fund | 37 |
CLASS NAV SHARES Period ended | 8-31-21 | 8-31-201 |
Per share operating performance | ||
Net asset value, beginning of period | $10.32 | $10.00 |
Net investment income2 | 0.43 | 0.09 |
Net realized and unrealized gain (loss) on investments | 0.88 | 0.28 |
Total from investment operations | 1.31 | 0.37 |
Less distributions | ||
From net investment income | (0.51) | (0.05) |
From net realized gain | (0.08) | — |
Total distributions | (0.59) | (0.05) |
Net asset value, end of period | $11.04 | $10.32 |
Total return (%)3 | 13.00 | 3.674 |
Ratios and supplemental data | ||
Net assets, end of period (in millions) | $151 | $142 |
Ratios (as a percentage of average net assets): | ||
Expenses before reductions | 0.64 | 1.175 |
Expenses including reductions | 0.52 | 0.495 |
Net investment income | 3.98 | 3.775 |
Portfolio turnover (%) | 79 | 426 |
1 | The inception date for Class NAV shares is 6-4-20. |
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 portfolio turnover is shown for the period from 9-1-19 to 8-31-20. |
38 | JOHN HANCOCK Multi-Asset High Income Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
ANNUAL REPORT | JOHN HANCOCK Multi-Asset High Income Fund | 39 |
Total value at 8-31-21 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
Foreign government obligations | $2,176,878 | — | $2,176,878 | — |
Corporate bonds | 89,494,638 | — | 89,494,638 | — |
Term loans | 310,639 | — | 310,639 | — |
Collateralized mortgage obligations | 448,236 | — | 448,236 | — |
Asset backed securities | 1,344,353 | — | 1,344,353 | — |
Common stocks | 49,640,425 | $36,949,315 | 12,691,110 | — |
Preferred securities | 4,704,864 | 4,704,864 | — | — |
Short-term investments | 8,118,354 | 2,869,010 | 5,249,344 | — |
Total investments in securities | $156,238,387 | $44,523,189 | $111,715,198 | — |
Derivatives: | ||||
Assets | ||||
Forward foreign currency contracts | $1,832 | — | $1,832 | — |
Liabilities |
40 | JOHN HANCOCK Multi-Asset High Income Fund | ANNUAL REPORT |
Total value at 8-31-21 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Forward foreign currency contracts | $(524) | — | $(524) | — |
Written options | (80,571) | $(76,750) | (3,821) | — |
ANNUAL REPORT | JOHN HANCOCK Multi-Asset High Income Fund | 41 |
42 | JOHN HANCOCK Multi-Asset High Income Fund | ANNUAL REPORT |
August 31, 2021 | August 31, 2020 | |
Ordinary income | $8,435,357 | $761,269 |
ANNUAL REPORT | JOHN HANCOCK Multi-Asset High Income Fund | 43 |
44 | JOHN HANCOCK Multi-Asset High Income Fund | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK Multi-Asset High Income Fund | 45 |
46 | JOHN HANCOCK Multi-Asset High Income Fund | ANNUAL 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 | $1,832 | $(524) |
Equity | Written options, at value | Written options | — | (80,571) |
$1,832 | $(81,095) |
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 |
Currency | — | — | $(62,532) | — | — | $(62,532) |
Credit | — | — | — | — | $(3,438) | (3,438) |
Equity | $(102,884) | $25,254 | — | $764,416 | — | 686,786 |
Total | $(102,884) | $25,254 | $(62,532) | $764,416 | $(3,438) | $620,816 |
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 | Forward foreign currency contracts | Written options | Total |
Currency | $40,704 | — | $40,704 |
Equity | — | $45,882 | 45,882 |
Total | $40,704 | $45,882 | $86,586 |
ANNUAL REPORT | JOHN HANCOCK Multi-Asset High Income Fund | 47 |
First $5.0 billion of net assets | Excess over $5.0 billion of net assets | |
Assets in a fund of the Trust or JHF III | 0.200% | 0.175% |
First $1.5 billion of net assets | Excess over $1.5 billion of net assets | |
Other assets | 0.420% | 0.410% |
48 | JOHN HANCOCK Multi-Asset High Income Fund | ANNUAL REPORT |
Class | Expense reduction |
Class A | $5,402 |
Class C | 770 |
Class I | 575 |
Class | Expense reduction |
Class R6 | $539 |
Class NAV | 177,445 |
Total | $184,731 |
Class | Rule 12b-1 Fee |
Class A | 0.25% |
Class C | 1.00% |
ANNUAL REPORT | JOHN HANCOCK Multi-Asset High Income Fund | 49 |
Class | Distribution and service fees | Transfer agent fees |
Class A | $11,486 | $5,289 |
Class C | 6,638 | 765 |
Class I | — | 549 |
Class R6 | — | 37 |
Total | $18,124 | $6,640 |
Year Ended 8-31-21 | Year Ended 8-31-20 | |||
Shares | Amount | Shares | Amount | |
Class A shares | ||||
Sold | 38,590 | $399,522 | 139,101 | $1,352,247 |
Distributions reinvested | 23,785 | 242,236 | 10,475 | 104,086 |
Repurchased | (117,117) | (1,188,239) | (143,455) | (1,405,860) |
Net increase (decrease) | (54,742) | $(546,481) | 6,121 | $50,473 |
Class C shares | ||||
Sold | 14,400 | $149,217 | 11,927 | $118,009 |
Distributions reinvested | 2,963 | 30,024 | 1,156 | 11,480 |
Repurchased | (19,117) | (195,590) | (24,558) | (234,363) |
Net decrease | (1,754) | $(16,349) | (11,475) | $(104,874) |
Class I shares | ||||
Sold | 1,315 | $13,675 | 22,750 | $221,017 |
Distributions reinvested | 2,625 | 26,789 | 808 | 8,018 |
Repurchased | (3,395) | (34,057) | (6,136) | (59,312) |
Net increase | 545 | $6,407 | 17,422 | $169,723 |
50 | JOHN HANCOCK Multi-Asset High Income Fund | ANNUAL REPORT |
Year Ended 8-31-21 | Year Ended 8-31-20 | |||
Shares | Amount | Shares | Amount | |
Class R6 shares | ||||
Sold | 35,785 | $363,043 | 7,031 | $68,941 |
Distributions reinvested | 1,902 | 19,571 | 419 | 4,165 |
Repurchased | (8,950) | (88,928) | (4,943) | (49,824) |
Net increase | 28,737 | $293,686 | 2,507 | $23,282 |
Class NAV shares1 | ||||
Sold | 204,291 | $2,176,352 | 13,756,654 | $137,507,164 |
Distributions reinvested | 759,701 | 8,113,451 | 62,259 | 631,175 |
Repurchased | (1,071,943) | (11,576,041) | (56,740) | (577,206) |
Net increase (decrease) | (107,951) | $(1,286,238) | 13,762,173 | $137,561,133 |
Total net increase (decrease) | (135,165) | $(1,548,975) | 13,776,748 | $137,699,737 |
1 | The inception date for Class NAV shares is 6-4-20. |
Portfolio | Affiliated Concentration |
John Hancock Funds II Multimanager Lifestyle Balanced Portfolio | 34.3% |
John Hancock Funds II Multimanager Lifestyle Conservative Portfolio | 31.9% |
John Hancock Funds II Multimanager Lifestyle Moderate Portfolio | 29.7% |
ANNUAL REPORT | JOHN HANCOCK Multi-Asset High Income Fund | 51 |
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* | — | — | $2,429,543 | $(2,429,464) | $(79) | — | $4,184 | — | — |
* | Refer to the Securities lending note within Note 2 for details regarding this investment. |
52 | JOHN HANCOCK Multi-Asset High Income Fund | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | 53 |
54 | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | 55 |
(a) | the skills and competency with which the Advisor has in the past managed the Trust’s affairs and its subadvisory relationship, the Advisor’s oversight and monitoring of the Subadvisor’s investment performance and compliance programs, such as the Subadvisor’s compliance with fund policies and objectives, review of brokerage matters, including with respect to trade allocation and best execution and the Advisor’s timeliness in responding to performance issues; |
(b) | the background, qualifications and skills of the Advisor’s personnel; |
56 | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | ANNUAL REPORT |
(c) | the Advisor’s compliance policies and procedures and its responsiveness to regulatory changes and fund industry developments; |
(d) | the Advisor’s administrative capabilities, including its ability to supervise the other service providers for the fund, as well as the Advisor’s oversight of any securities lending activity, its monitoring of class action litigation and collection of class action settlements on behalf of the fund, and bringing loss recovery actions on behalf of the fund; |
(e) | the financial condition of the Advisor and whether it has the financial wherewithal to provide a high level and quality of services to the fund; |
(f) | the Advisor’s initiatives intended to improve various aspects of the Trust’s operations and investor experience with the fund; and |
(g) | the Advisor’s reputation and experience in serving as an investment advisor to the Trust and the benefit to shareholders of investing in funds that are part of a family of funds offering a variety of investments. |
(a) | reviewed information prepared by management regarding the fund’s performance; |
(b) | considered the comparative performance of an applicable benchmark index; |
(c) | considered the performance of comparable funds, if any, as included in the report prepared by an independent third-party provider of fund data; and |
(d) | took into account the Advisor’s analysis of the fund’s performance and its plans and recommendations regarding the Trust’s subadvisory arrangements generally. |
ANNUAL REPORT | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | 57 |
(a) | reviewed financial information of the Advisor; |
(b) | reviewed and considered information presented by the Advisor regarding the net profitability to the Advisor and its affiliates with respect to the fund; |
(c) | received and reviewed profitability information with respect to the John Hancock Fund Complex as a whole and with respect to the fund; |
(d) | received information with respect to the Advisor’s allocation methodologies used in preparing the profitability data and considered that the Advisor hired an independent third-party consultant to provide an analysis of the Advisor’s allocation methodologies; |
(e) | considered that the John Hancock insurance companies that are affiliates of the Advisor, as shareholders of the Trust directly or through their separate accounts, receive certain tax credits or deductions relating to foreign taxes paid and dividends received by certain funds of the Trust and noted that these tax benefits, which are not available to participants in qualified retirement plans under applicable income tax law, are reflected in the profitability information reviewed by the Board; |
(f) | considered that the Advisor also provides administrative services to the fund on a cost basis pursuant to an administrative services agreement; |
(g) | noted that affiliates of the Advisor provide transfer agency services and distribution services to the fund, and that the fund’s distributor also receives Rule 12b-1 payments to support distribution of the fund; |
(h) | noted that the fund’s Subadvisor is an affiliate of the Advisor; |
(i) | noted that the Advisor also derives reputational and other indirect benefits from providing advisory services to the fund; |
(j) | noted that the subadvisory fee for the fund is paid by the Advisor; |
58 | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | ANNUAL REPORT |
(k) | considered the Advisor’s ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the fund industry; and |
(l) | considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it provides to the fund and the risks that it assumes as Advisor, including entrepreneurial, operational, reputational, litigation and regulatory risk. |
(a) | considered that the Advisor has contractually agreed to waive a portion of its management fee for certain funds of the John Hancock Fund Complex, including the fund (the participating portfolios) or otherwise reimburse the expenses of the participating portfolios (the reimbursement). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund; |
(b) | reviewed the fund’s advisory fee structure and concluded that: (i) the fund’s fee structure contains breakpoints at the subadvisory fee level and that certain breakpoints are reflected as breakpoints in the advisory fees for the fund; and (ii) although economies of scale cannot be measured with precision, these arrangements permit shareholders of the fund to benefit from economies of scale if the fund grows. The Board also took into account management’s discussion of the fund’s advisory fee structure; and |
(c) | the Board also considered the effect of the fund’s growth in size on its performance and fees. The Board also noted that if the fund’s assets increase over time, the fund may realize other economies of scale |
(1) | information relating to the Subadvisor’s business, including current subadvisory services to the Trust (and other funds in the John Hancock Fund Complex); |
(2) | the historical and current performance of the fund and comparative performance information relating to an applicable benchmark index and comparable funds; |
(3) | the subadvisory fee for the fund, including any breakpoints, and to the extent available, comparable fee information prepared by an independent third party provider of fund data. |
ANNUAL REPORT | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | 59 |
(1) | the Subadvisor has extensive experience and demonstrated skills as a manager; |
(2) | the performance of the fund is being monitored and reasonably addressed, where appropriate; |
(3) | the subadvisory fee is reasonable in relation to the level and quality of services being provided under the Subadvisory Agreement; and |
(4) | noted that the subadvisory fees are paid by the Advisor not the fund and that the subadvisory fee breakpoints are reflected as breakpoints in the advisory fees for the fund in order to permit shareholders to benefit from economies of scale if the fund grows. |
60 | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | 61 |
• | The Fund’s investment strategy remained appropriate for an open-end fund structure; |
• | The Fund was able to meet requests for redemption without significant dilution of remaining investors’ interests in the Fund; |
• | The Fund did not report any breaches of the 15% limit on illiquid investments that would require reporting to the Securities and Exchange Commission; |
• | The Fund continued to qualify as a Primarily Highly Liquid Fund under the Liquidity Rule and therefore is not required to establish a HLIM; and |
• | The Chief Compliance Officer’s office performed audit testing of the LRMP which resulted in an assessment that the LRMP’s control environment was deemed to be operating effectively and in compliance with the Board approved procedures. |
62 | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | 63 |
Independent Trustees | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Hassell H. McClellan, Born: 1945 | 2005 | 190 |
Trustee and Chairperson of the Board | ||
Director/Trustee, Virtus Funds (2008-2020); Director, The Barnes Group (2010-2021); Associate Professor, The Wallace E. Carroll School of Management, Boston College (retired 2013). Trustee (since 2005) and Chairperson of the Board (since 2017) of various trusts within the John Hancock Fund Complex. | ||
Charles L. Bardelis,2 Born: 1941 | 2005 | 190 |
Trustee | ||
Director, Island Commuter Corp. (marine transport). Trustee of various trusts within the John Hancock Fund Complex (since 1988). | ||
James R. Boyle, Born: 1959 | 2015 | 190 |
Trustee | ||
Chief Executive Officer, Foresters Financial (since 2018); Chairman and Chief Executive Officer, Zillion Group, Inc. (formerly HealthFleet, Inc.) (healthcare) (2014-2018); Executive Vice President and Chief Executive Officer, U.S. Life Insurance Division of Genworth Financial, Inc. (insurance) (January 2014–July 2014); Senior Executive Vice President, Manulife Financial, President and Chief Executive Officer, John Hancock (1999–2012); Chairman and Director, John Hancock Investment Management LLC, John Hancock Investment Management Distributors LLC, and John Hancock Variable Trust Advisers LLC (2005–2010). Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015). | ||
Peter S. Burgess,2 Born: 1942 | 2005 | 190 |
Trustee | ||
Consultant (financial, accounting, and auditing matters) (since 1999); Certified Public Accountant; Partner, Arthur Andersen (independent public accounting firm) (prior to 1999); Director, Lincoln Educational Services Corporation (2004-2021); Director, Symetra Financial Corporation (2010–2016); Director, PMA Capital Corporation (2004–2010). Trustee of various trusts within the John Hancock Fund Complex (since 2005). | ||
William H. Cunningham, Born: 1944 | 2012 | 190 |
Trustee | ||
Professor, University of Texas, Austin, Texas (since 1971); former Chancellor, University of Texas System and former President of the University of Texas, Austin, Texas; Chairman (since 2009) and Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000); former Director, LIN Television (2009–2014). Trustee of various trusts within the John Hancock Fund Complex (since 1986). | ||
Grace K. Fey, Born: 1946 | 2008 | 190 |
Trustee | ||
Chief Executive Officer, Grace Fey Advisors (since 2007); Director and Executive Vice President, Frontier Capital Management Company (1988–2007); Director, Fiduciary Trust (since 2009). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |
64 | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | ANNUAL REPORT |
Independent Trustees (continued) | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Deborah C. Jackson, Born: 1952 | 2012 | 190 |
Trustee | ||
President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Amwell Corporation (since 2020); Board of Directors, Massachusetts Women’s Forum (2018-2020); Board of Directors, National Association of Corporate Directors/New England (2015-2020); Board of Directors, Association of Independent Colleges and Universities of Massachusetts (2014-2017); Chief Executive Officer, American Red Cross of Massachusetts Bay (2002–2011); Board of Directors of Eastern Bank Corporation (since 2001); Board of Directors of Eastern Bank Charitable Foundation (since 2001); Board of Directors of American Student Assistance Corporation (1996–2009); Board of Directors of Boston Stock Exchange (2002–2008); Board of Directors of Harvard Pilgrim Healthcare (health benefits company) (2007–2011). Trustee of various trusts within the John Hancock Fund Complex (since 2008). | ||
Steven R. Pruchansky, Born: 1944 | 2012 | 190 |
Trustee and Vice Chairperson of the Board | ||
Managing Director, Pru Realty (since 2017); Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (2014-2020); Director and President, Greenscapes of Southwest Florida, Inc. (until 2000); Member, Board of Advisors, First American Bank (until 2010); Managing Director, Jon James, LLC (real estate) (since 2000); Partner, Right Funding, LLC (2014-2017); Director, First Signature Bank & Trust Company (until 1991); Director, Mast Realty Trust (until 1994); President, Maxwell Building Corp. (until 1991). Trustee (since 1992), Chairperson of the Board (2011–2012), and Vice Chairperson of the Board (since 2012) of various trusts within the John Hancock Fund Complex. | ||
Frances G. Rathke,2,* Born: 1960 | 2020 | 190 |
Trustee | ||
Board Member, Oatly Group AB (plant-based drink company) (since 2021): Director, Northern New England Energy Corporation (since 2017); Director, Audit Committee Chair and Compensation Committee Member, Green Mountain Power Corporation (since 2016); Director, Treasurer and Finance & Audit Committee Chair, Flynn Center for Performing Arts (since 2016); Director, Audit Committee Chair and Compensation Committee Member, Planet Fitness (since 2016); Director, Citizen Cider, Inc. (high-end hard cider and hard seltzer company) (since 2016); Chief Financial Officer and Treasurer, Keurig Green Mountain, Inc. (2003-retired 2015); Independent Financial Consultant, Frances Rathke Consulting (strategic and financial consulting services) (2001-2003); Chief Financial Officer and Secretary, Ben & Jerry’s Homemade, Inc. (1989-2000, including prior positions); Senior Manager, Coopers & Lybrand, LLC (independent public accounting firm) (1982-1989). Trustee of various trusts within the John Hancock Fund Complex (since 2020). | ||
Gregory A. Russo, Born: 1949 | 2012 | 190 |
Trustee | ||
Director and Audit Committee Chairman (2012-2020), and Member, Audit Committee and Finance Committee (2011-2020), NCH Healthcare System, Inc. (holding company for multi-entity healthcare system); Director and Member (2012-2018) and Finance Committee Chairman (2014-2018), The Moorings, Inc. (nonprofit continuing care community); Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); Vice Chairman, Industrial Markets, KPMG (1998–2002); Chairman and Treasurer, Westchester County, New York, Chamber of Commerce (1986–1992); Director, Treasurer, and Chairman of Audit and Finance Committees, Putnam Hospital Center (1989–1995); Director and Chairman of Fundraising Campaign, United Way of Westchester and Putnam Counties, New York (1990–1995). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |
ANNUAL REPORT | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | 65 |
Non-Independent Trustees3 | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Andrew G. Arnott, Born: 1971 | 2017 | 190 |
President and Non-Independent Trustee | ||
Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (since 2018); Director and Executive Vice President, John Hancock Investment Management LLC (since 2005, including prior positions); Director and Executive Vice President, John Hancock Variable Trust Advisers LLC (since 2006, including prior positions); President, John Hancock Investment Management Distributors LLC (since 2004, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2017). | ||
Marianne Harrison, Born: 1963 | 2018 | 190 |
Non-Independent Trustee | ||
President and CEO, John Hancock (since 2017); President and CEO, Manulife Canadian Division (2013–2017); Member, Board of Directors, Boston Medical Center (since 2021); Member, Board of Directors, CAE Inc. (since 2019); Member, Board of Directors, MA Competitive Partnership Board (since 2018); Member, Board of Directors, American Council of Life Insurers (ACLI) (since 2018); Member, Board of Directors, Communitech, an industry-led innovation center that fosters technology companies in Canada (2017-2019); Member, Board of Directors, Manulife Assurance Canada (2015-2017); Board Member, St. Mary’s General Hospital Foundation (2014-2017); Member, Board of Directors, Manulife Bank of Canada (2013- 2017); Member, Standing Committee of the Canadian Life & Health Assurance Association (2013-2017); Member, Board of Directors, John Hancock USA, John Hancock Life & Health, John Hancock New York (2012–2013). Trustee of various trusts within the John Hancock Fund Complex (since 2018). |
Principal officers who are not Trustees | |
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years | Current Position(s) with the Trust since |
Charles A. Rizzo, Born: 1957 | 2007 |
Chief Financial Officer | |
Vice President, John Hancock Financial Services (since 2008); Senior Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2008); Chief Financial Officer of various trusts within the John Hancock Fund Complex (since 2007). | |
Salvatore Schiavone, Born: 1965 | 2009 |
Treasurer | |
Assistant Vice President, John Hancock Financial Services (since 2007); Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2007); Treasurer of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). | |
Christopher (Kit) Sechler, Born: 1973 | 2018 |
Secretary and Chief Legal Officer | |
Vice President and Deputy Chief Counsel, John Hancock Investment Management (since 2015); Assistant Vice President and Senior Counsel (2009–2015), John Hancock Investment Management; Assistant Secretary of John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2009); Chief Legal Officer and Secretary of various trusts within the John Hancock Fund Complex (since 2009, including prior positions). |
66 | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | ANNUAL REPORT |
Principal officers who are not Trustees (continued) | |
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years | Current Position(s) with the Trust since |
Trevor Swanberg, Born: 1979 | 2020 |
Chief Compliance Officer | |
Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2020); Deputy Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2019–2020); Assistant Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2016–2019); Vice President, State Street Global Advisors (2015–2016); Chief Compliance Officer of various trusts within the John Hancock Fund Complex (since 2016, including prior positions). |
1 | Each Trustee holds office until his or her successor is elected and qualified, or until the Trustee’s death, retirement, resignation, or removal. Mr. Boyle has served as Trustee at various times prior to the date listed in the table. |
2 | Member of the Audit Committee. |
3 | The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates. |
* | Appointed as Independent Trustee effective as of September 15, 2020. |
ANNUAL REPORT | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | 67 |
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
Frances G. Rathke*,1
Gregory A. Russo
President
Chief Financial Officer
Treasurer
Secretary and Chief Legal Officer
Chief Compliance Officer
Geoffrey Kelley, CFA
Caryn E. Rothman, CFA
Nathan W. 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 |
68 | JOHN HANCOCK MULTI-ASSET HIGH INCOME FUND | ANNUAL REPORT |
GOVERNANCE FUNDS
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we do. It’s why we support the role of professional financial advice
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We search the world to find proven portfolio teams with specialized
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MF1823014 | 448A 8/21 |
President and CEO,
John Hancock Investment Management
Head of Wealth and Asset Management,
United States and Europe
ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS DEBT FUND | 1 |
2 | JOHN HANCOCK EMERGING MARKETS DEBT FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS DEBT FUND | 3 |
4 | JOHN HANCOCK EMERGING MARKETS DEBT FUND | ANNUAL REPORT |
TOP 10 ISSUERS AS OF 8/31/2021 (% of net assets) | |
Pertamina Persero PT | 4.0 |
Petroleos Mexicanos | 4.0 |
Republic of Turkey | 3.3 |
Arab Republic of Egypt | 2.9 |
Kingdom of Saudi Arabia | 2.7 |
Republic of Ukraine | 2.3 |
Republic of Argentina | 2.1 |
Mexico City Airport Trust | 2.1 |
Sultanate of Oman | 2.0 |
Petrobras Global Finance BV | 2.0 |
TOTAL | 27.4 |
Cash and cash equivalents are not included. |
TOP 10 COUNTRIES AS OF 8/31/2021 (% of net assets) | |
Mexico | 12.8 |
Turkey | 6.5 |
Brazil | 6.0 |
Indonesia | 6.0 |
Luxembourg | 5.5 |
Netherlands | 3.9 |
Peru | 3.0 |
Argentina | 2.9 |
Dominican Republic | 2.9 |
Egypt | 2.9 |
TOTAL | 52.4 |
Cash and cash equivalents are not included. |
ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS DEBT FUND | 5 |
6 | JOHN HANCOCK EMERGING MARKETS DEBT FUND | ANNUAL 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 | 5-year | 10-year | as of 8-31-21 | as of 8-31-21 | ||
Class A | 2.38 | 3.46 | 4.16 | 18.54 | 50.28 | 3.70 | 3.69 | |
Class C1 | 4.87 | 3.56 | 4.05 | 19.09 | 48.69 | 3.15 | 3.14 | |
Class I2 | 6.91 | 4.61 | 4.93 | 25.27 | 61.79 | 4.16 | 4.15 | |
Class R21,2 | 6.52 | 4.36 | 4.64 | 23.78 | 57.43 | 3.92 | 3.91 | |
Class R61,2 | 6.92 | 4.70 | 4.85 | 25.79 | 60.59 | 4.28 | 4.27 | |
Class NAV1,2 | 6.93 | 4.72 | 4.95 | 25.91 | 62.11 | 4.28 | 4.27 | |
Index†† | 4.20 | 4.05 | 5.23 | 21.96 | 66.57 | — | — |
Class A | Class C | Class I | Class R2 | Class R6 | Class NAV | |
Gross (%) | 1.20 | 1.90 | 0.90 | 1.28 | 0.78 | 0.77 |
Net (%) | 1.19 | 1.89 | 0.89 | 1.27 | 0.77 | 0.76 |
ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS DEBT FUND | 7 |
Start date | With maximum sales charge ($) | Without sales charge ($) | Index ($) | |
Class C1,3 | 8-31-11 | 14,869 | 14,869 | 16,657 |
Class I2 | 8-31-11 | 16,179 | 16,179 | 16,657 |
Class R21,2 | 8-31-11 | 15,743 | 15,743 | 16,657 |
Class R61,2 | 8-31-11 | 16,059 | 16,059 | 16,657 |
Class NAV1,2 | 8-31-11 | 16,211 | 16,211 | 16,657 |
1 | Class R2 and Class R6 shares were first offered on 3-27-15. Class C and Class NAV shares were first offered on 8-28-14 and 6-20-13, 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. |
8 | JOHN HANCOCK EMERGING MARKETS DEBT FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS DEBT FUND | 9 |
Account value on 3-1-2021 | Ending value on 8-31-2021 | Expenses paid during period ended 8-31-20211 | Annualized expense ratio | ||
Class A | Actual expenses/actual returns | $1,000.00 | $1,039.10 | $5.91 | 1.15% |
Hypothetical example | 1,000.00 | 1,019.40 | 5.85 | 1.15% | |
Class C | Actual expenses/actual returns | 1,000.00 | 1,035.40 | 9.54 | 1.86% |
Hypothetical example | 1,000.00 | 1,015.80 | 9.45 | 1.86% | |
Class I | Actual expenses/actual returns | 1,000.00 | 1,040.50 | 4.42 | 0.86% |
Hypothetical example | 1,000.00 | 1,020.90 | 4.38 | 0.86% | |
Class R2 | Actual expenses/actual returns | 1,000.00 | 1,038.00 | 5.91 | 1.15% |
Hypothetical example | 1,000.00 | 1,019.40 | 5.85 | 1.15% | |
Class R6 | Actual expenses/actual returns | 1,000.00 | 1,040.10 | 3.86 | 0.75% |
Hypothetical example | 1,000.00 | 1,021.40 | 3.82 | 0.75% | |
Class NAV | Actual expenses/actual returns | 1,000.00 | 1,040.10 | 3.81 | 0.74% |
Hypothetical example | 1,000.00 | 1,021.50 | 3.77 | 0.74% |
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). |
10 | JOHN HANCOCK EMERGING MARKETS DEBT FUND | ANNUAL REPORT |
Rate (%) | Maturity date | Par value^ | Value | ||
Foreign government obligations 38.9% | $466,237,811 | ||||
(Cost $462,742,779) | |||||
Angola 0.3% | 3,129,600 | ||||
Republic of Angola | |||||
Bond (A) | 9.125 | 11-26-49 | 3,000,000 | 3,129,600 | |
Argentina 2.7% | 32,314,063 | ||||
Provincia de Buenos Aires | |||||
Bond (A)(B) | 7.875 | 06-15-27 | 3,850,000 | 2,074,188 | |
Bond (A)(B) | 9.950 | 06-09-21 | 5,600,000 | 3,127,600 | |
Provincia de Rio Negro | |||||
Bond (2.750% to 9-10-21, then 4.875% to 9-10-22, then 6.625% to 9-10-23, then 6.875% thereafter) (A) | 2.750 | 03-10-28 | 2,462,111 | 1,538,844 | |
Republic of Argentina | |||||
Bond (0.500% to 7-9-23, then 0.750% to 7-9-27, then 1.750% thereafter) | 0.500 | 07-09-30 | 9,390,259 | 3,664,173 | |
Bond (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) | 1.125 | 07-09-46 | 4,300,000 | 1,514,030 | |
Bond (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) | 1.125 | 07-09-35 | 27,207,840 | 9,495,808 | |
Bond (2.000% to 7-9-22, then 3.875% to 7-9-23, then 4.250% to 7-9-24, then 5.000% thereafter) | 2.000 | 01-09-38 | 26,540,579 | 10,899,420 | |
Armenia 0.3% | 3,799,680 | ||||
Republic of Armenia | |||||
Bond (A) | 3.600 | 02-02-31 | 4,000,000 | 3,799,680 | |
Bahrain 1.6% | 19,254,540 | ||||
Kingdom of Bahrain | |||||
Bond (A) | 5.250 | 01-25-33 | 6,000,000 | 5,775,840 | |
Bond (A) | 7.000 | 10-12-28 | 3,450,000 | 3,799,950 | |
Bond (A) | 7.375 | 05-14-30 | 8,700,000 | 9,678,750 | |
Brazil 1.8% | 21,887,357 | ||||
Federative Republic of Brazil | |||||
Bond | 5.625 | 01-07-41 | 4,300,000 | 4,573,652 | |
Note | 10.000 | 01-01-27 | BRL | 88,000,000 | 17,313,705 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS DEBT FUND | 11 |
Rate (%) | Maturity date | Par value^ | Value | ||
China 0.5% | $5,486,268 | ||||
People’s Republic of China | |||||
Bond | 3.020 | 10-22-25 | CNY | 35,000,000 | 5,486,268 |
Colombia 1.2% | 14,816,358 | ||||
Republic of Colombia | |||||
Bond | 3.125 | 04-15-31 | 7,770,000 | 7,591,368 | |
Bond | 5.000 | 06-15-45 | 6,900,000 | 7,224,990 | |
Costa Rica 0.1% | 1,022,200 | ||||
Republic of Costa Rica | |||||
Bond | 4.250 | 01-26-23 | 1,000,000 | 1,022,200 | |
Dominican Republic 1.9% | 22,997,854 | ||||
Government of Dominican Republic | |||||
Bond (A) | 5.300 | 01-21-41 | 5,000,000 | 5,100,050 | |
Bond (A) | 5.875 | 01-30-60 | 5,350,000 | 5,443,679 | |
Bond (A) | 5.950 | 01-25-27 | 1,500,000 | 1,698,750 | |
Bond | 5.950 | 01-25-27 | 900,000 | 1,019,250 | |
Bond | 6.850 | 01-27-45 | 5,800,000 | 6,655,500 | |
Bond (A) | 6.875 | 01-29-26 | 2,650,000 | 3,080,625 | |
Egypt 2.9% | 34,624,183 | ||||
Arab Republic of Egypt | |||||
Bond (A) | 3.875 | 02-16-26 | 5,000,000 | 4,900,000 | |
Bond (A)(C) | 5.875 | 06-11-25 | 3,000,000 | 3,200,938 | |
Bond (A) | 7.500 | 01-31-27 | 3,700,000 | 4,121,369 | |
Bond (A) | 7.903 | 02-21-48 | 9,200,000 | 9,132,840 | |
Bond | 7.903 | 02-21-48 | 2,000,000 | 1,985,400 | |
Bond | 8.500 | 01-31-47 | 4,600,000 | 4,826,136 | |
Bond (A) | 8.875 | 05-29-50 | 6,000,000 | 6,457,500 | |
El Salvador 0.4% | 4,700,000 | ||||
Republic of El Salvador | |||||
Bond | 9.500 | 07-15-52 | 5,000,000 | 4,700,000 | |
Georgia 0.1% | 1,018,580 | ||||
Republic of Georgia | |||||
Bond (A) | 2.750 | 04-22-26 | 1,000,000 | 1,018,580 | |
Ghana 1.1% | 12,901,193 | ||||
Republic of Ghana | |||||
Bond | 7.625 | 05-16-29 | 3,275,000 | 3,273,194 | |
Bond (A) | 7.875 | 02-11-35 | 1,200,000 | 1,153,608 | |
Bond | 8.125 | 01-18-26 | 3,150,000 | 3,281,345 | |
Bond | 8.950 | 03-26-51 | 5,300,000 | 5,193,046 | |
Honduras 0.1% | 1,165,500 | ||||
Republic of Honduras | |||||
Bond (A) | 6.250 | 01-19-27 | 1,050,000 | 1,165,500 |
12 | JOHN HANCOCK EMERGING MARKETS DEBT FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Indonesia 0.9% | $10,657,088 | ||||
Republic of Indonesia | |||||
Bond (A) | 4.750 | 01-08-26 | 6,350,000 | 7,263,609 | |
Bond | 6.625 | 02-17-37 | 2,421,000 | 3,393,479 | |
Iraq 0.8% | 9,055,368 | ||||
Republic of Iraq | |||||
Bond | 5.800 | 01-15-28 | 8,188,375 | 7,840,369 | |
Bond (A) | 6.752 | 03-09-23 | 1,200,000 | 1,214,999 | |
Ivory Coast 0.8% | 10,045,895 | ||||
Republic of Ivory Coast | |||||
Bond (A) | 4.875 | 01-30-32 | EUR | 8,350,000 | 10,045,895 |
Kenya 0.6% | 6,934,974 | ||||
Republic of Kenya | |||||
Bond (A) | 8.000 | 05-22-32 | 3,000,000 | 3,427,386 | |
Bond (A) | 8.250 | 02-28-48 | 3,100,000 | 3,507,588 | |
Mexico 0.7% | 8,762,960 | ||||
Government of Mexico | |||||
Bond | 4.600 | 01-23-46 | 8,000,000 | 8,762,960 | |
Morocco 0.5% | 6,040,580 | ||||
Kingdom of Morocco | |||||
Bond (A) | 4.000 | 12-15-50 | 6,500,000 | 6,040,580 | |
Namibia 0.3% | 3,653,740 | ||||
Republic of Namibia | |||||
Bond (A) | 5.250 | 10-29-25 | 3,400,000 | 3,653,740 | |
Nigeria 1.5% | 17,953,075 | ||||
Federal Republic of Nigeria | |||||
Bond | 7.625 | 11-28-47 | 2,550,000 | 2,569,125 | |
Bond (A) | 7.696 | 02-23-38 | 2,600,000 | 2,662,920 | |
Bond (A) | 7.875 | 02-16-32 | 2,000,000 | 2,148,763 | |
Bond | 7.875 | 02-16-32 | 4,500,000 | 4,834,717 | |
Bond | 9.248 | 01-21-49 | 5,000,000 | 5,737,550 | |
Oman 2.0% | 24,607,907 | ||||
Sultanate of Oman | |||||
Bond | 5.625 | 01-17-28 | 6,000,000 | 6,353,219 | |
Bond | 6.750 | 01-17-48 | 11,500,000 | 11,744,375 | |
Bond (A) | 7.000 | 01-25-51 | 6,250,000 | 6,510,313 | |
Pakistan 0.3% | 4,088,482 | ||||
Republic of Pakistan | |||||
Bond (A) | 6.875 | 12-05-27 | 4,000,000 | 4,088,482 | |
Panama 0.5% | 5,563,883 | ||||
Republic of Panama | |||||
Bond | 6.700 | 01-26-36 | 3,050,000 | 4,182,343 | |
Bond | 8.875 | 09-30-27 | 1,000,000 | 1,381,540 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS DEBT FUND | 13 |
Rate (%) | Maturity date | Par value^ | Value | ||
Philippines 0.8% | $9,790,632 | ||||
Republic of the Philippines | |||||
Bond | 3.950 | 01-20-40 | 8,600,000 | 9,790,632 | |
Qatar 2.0% | 23,614,766 | ||||
State of Qatar | |||||
Bond | 4.500 | 04-23-28 | 4,100,000 | 4,833,525 | |
Bond (A) | 4.817 | 03-14-49 | 10,000,000 | 13,059,440 | |
Bond (A) | 5.103 | 04-23-48 | 4,250,000 | 5,721,801 | |
Saudi Arabia 2.7% | 32,194,651 | ||||
Kingdom of Saudi Arabia | |||||
Bond (A) | 5.250 | 01-16-50 | 18,650,000 | 24,549,592 | |
CPI Linked Bond (A) | 2.250 | 02-02-33 | 7,760,000 | 7,645,059 | |
Senegal 0.3% | 3,334,628 | ||||
Republic of Senegal | |||||
Bond (A) | 6.250 | 05-23-33 | 1,600,000 | 1,721,098 | |
Bond | 6.250 | 05-23-33 | 1,500,000 | 1,613,530 | |
Serbia 0.1% | 1,254,518 | ||||
Republic of Serbia | |||||
Bond (A) | 2.125 | 12-01-30 | 1,300,000 | 1,254,518 | |
South Africa 1.7% | 20,240,521 | ||||
Republic of South Africa | |||||
Bond | 4.300 | 10-12-28 | 3,300,000 | 3,405,905 | |
Bond | 8.000 | 01-31-30 | ZAR | 256,173,733 | 16,834,616 |
Sri Lanka 0.4% | 4,781,250 | ||||
Republic of Sri Lanka | |||||
Bond | 6.750 | 04-18-28 | 7,500,000 | 4,781,250 | |
Turkey 4.1% | 49,320,551 | ||||
Istanbul Metropolitan Municipality | |||||
Bond (A)(C) | 6.375 | 12-09-25 | 8,150,000 | 8,248,615 | |
Republic of Turkey | |||||
Bond | 4.250 | 04-14-26 | 9,000,000 | 8,786,446 | |
Bond | 5.875 | 06-26-31 | 10,000,000 | 9,949,600 | |
Bond | 5.950 | 01-15-31 | 5,000,000 | 5,010,040 | |
Bond | 6.000 | 01-14-41 | 18,650,000 | 17,325,850 | |
Ukraine 2.3% | 28,129,676 | ||||
Republic of Ukraine | |||||
Bond (A) | 7.304 | 03-15-33 | 22,800,000 | 24,144,926 | |
GDP-Linked Bond | 1.258 | 05-31-40 | 3,500,000 | 3,984,750 | |
Uzbekistan 0.6% | 7,095,290 | ||||
Republic of Uzbekistan | |||||
Bond (A) | 3.700 | 11-25-30 | 2,700,000 | 2,672,730 | |
Bond (A) | 5.375 | 02-20-29 | 4,000,000 | 4,422,560 |
14 | JOHN HANCOCK EMERGING MARKETS DEBT FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Corporate bonds 54.1% | $648,035,183 | ||||
(Cost $608,724,421) | |||||
Argentina 0.2% | 2,745,100 | ||||
Telecom Argentina SA (A)(C) | 8.000 | 07-18-26 | 2,830,000 | 2,745,100 | |
Austria 0.4% | 5,046,680 | ||||
Klabin Austria GmbH (A) | 7.000 | 04-03-49 | 4,000,000 | 5,046,680 | |
Bermuda 0.4% | 4,360,000 | ||||
Investment Energy Resources, Ltd. (A)(C) | 6.250 | 04-26-29 | 4,000,000 | 4,360,000 | |
Brazil 4.2% | 50,388,024 | ||||
Globo Comunicacao e Participacoes SA (A) | 4.875 | 01-22-30 | 6,900,000 | 7,058,769 | |
MC Brazil Downstream Trading SARL (A) | 7.250 | 06-30-31 | 6,000,000 | 6,244,200 | |
Odebrecht Holdco Finance, Ltd. (D) | 9.784 | 09-10-58 | 1,396,835 | 6,984 | |
Odebrecht Holdco Finance, Ltd. (A)(D) | 9.784 | 09-10-58 | 1,671,394 | 8,357 | |
Odebrecht Offshore Drilling Finance, Ltd. (A) | 6.720 | 12-01-22 | 182,253 | 180,430 | |
Odebrecht Offshore Drilling Finance, Ltd. (1.000% Cash and 6.720% PIK) (A) | 7.720 | 12-01-26 | 1,991,035 | 477,848 | |
Odebrecht Oil & Gas Finance, Ltd., Zero Coupon (A)(E) | 0.000 | 10-01-21 | 253,378 | 1,264 | |
Petrobras Global Finance BV | 5.093 | 01-15-30 | 7,122,000 | 7,787,907 | |
Petrobras Global Finance BV | 5.600 | 01-03-31 | 7,600,000 | 8,540,044 | |
Petrobras Global Finance BV | 6.850 | 06-05-15 | 7,376,000 | 8,174,784 | |
Vale Overseas, Ltd. | 3.750 | 07-08-30 | 3,000,000 | 3,197,850 | |
Vale Overseas, Ltd. | 6.875 | 11-21-36 | 6,210,000 | 8,709,587 | |
Cayman Islands 0.4% | 5,117,001 | ||||
Latam Finance, Ltd. (A)(B)(C) | 7.000 | 03-01-26 | 5,350,000 | 4,864,434 | |
OEC Finance, Ltd. (5.250% Cash or 0.000% PIK) | 5.250 | 12-27-33 | 1,182,115 | 116,746 | |
OEC Finance, Ltd. (7.500% Cash or 10.500% PIK) (A)(E) | 7.500 | 10-01-21 | 1,429,690 | 135,821 | |
Chile 1.0% | 12,105,330 | ||||
Colbun SA | 3.950 | 10-11-27 | 4,000,000 | 4,380,040 | |
Enel Americas SA | 4.000 | 10-25-26 | 4,000,000 | 4,354,040 | |
Sociedad Quimica y Minera de Chile SA (A) | 4.250 | 05-07-29 | 3,000,000 | 3,371,250 | |
Colombia 1.6% | 18,688,499 | ||||
Ecopetrol SA | 5.875 | 05-28-45 | 9,700,000 | 10,400,874 | |
Empresas Publicas de Medellin ESP (A) | 4.250 | 07-18-29 | 2,300,000 | 2,296,550 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS DEBT FUND | 15 |
Rate (%) | Maturity date | Par value^ | Value | ||
Colombia (continued) | |||||
Grupo Energia Bogota SA ESP (A)(C) | 4.875 | 05-15-30 | 2,200,000 | $2,487,540 | |
Promigas SA ESP (A) | 3.750 | 10-16-29 | 3,500,000 | 3,503,535 | |
Costa Rica 0.8% | 9,744,750 | ||||
Instituto Costarricense de Electricidad | 6.375 | 05-15-43 | 10,980,000 | 9,744,750 | |
Dominican Republic 1.0% | 11,931,020 | ||||
Aeropuertos Dominicanos Siglo XXI SA (A) | 6.750 | 03-30-29 | 4,150,000 | 4,305,542 | |
Aeropuertos Dominicanos Siglo XXI SA | 6.750 | 03-30-29 | 7,350,000 | 7,625,478 | |
Hong Kong 0.5% | 5,450,711 | ||||
Sinochem Overseas Capital Company, Ltd. | 6.300 | 11-12-40 | 4,000,000 | 5,450,711 | |
India 2.7% | 32,332,716 | ||||
Adani Ports & Special Economic Zone, Ltd. (A) | 3.100 | 02-02-31 | 4,500,000 | 4,372,300 | |
Adani Ports & Special Economic Zone, Ltd. (A) | 4.200 | 08-04-27 | 4,100,000 | 4,350,784 | |
Adani Ports & Special Economic Zone, Ltd. (A) | 4.375 | 07-03-29 | 3,500,000 | 3,732,276 | |
Shriram Transport Finance Company, Ltd. (A) | 4.400 | 03-13-24 | 5,700,000 | 5,756,886 | |
Shriram Transport Finance Company, Ltd. (A) | 5.100 | 07-16-23 | 4,000,000 | 4,090,000 | |
Vedanta Resources, Ltd. (A)(C) | 6.375 | 07-30-22 | 2,990,000 | 2,987,010 | |
Vedanta Resources, Ltd. | 7.125 | 05-31-23 | 3,020,000 | 2,987,535 | |
Vedanta Resources, Ltd. (A) | 7.125 | 05-31-23 | 4,100,000 | 4,055,925 | |
Indonesia 5.1% | 61,149,370 | ||||
Chandra Asri Petrochemical Tbk PT (A) | 4.950 | 11-08-24 | 2,000,000 | 2,033,265 | |
Chandra Asri Petrochemical Tbk PT | 4.950 | 11-08-24 | 4,000,000 | 4,066,530 | |
Cikarang Listrindo Tbk PT (A) | 4.950 | 09-14-26 | 7,750,000 | 7,928,250 | |
Pertamina Persero PT (A) | 4.700 | 07-30-49 | 7,000,000 | 7,796,623 | |
Pertamina Persero PT | 6.000 | 05-03-42 | 8,200,000 | 10,232,656 | |
Pertamina Persero PT (A) | 6.000 | 05-03-42 | 14,300,000 | 17,844,754 | |
Pertamina Persero PT (A) | 6.450 | 05-30-44 | 8,500,000 | 11,247,292 | |
Luxembourg 5.5% | 66,361,469 | ||||
Atento Luxco 1 SA (A) | 8.000 | 02-10-26 | 7,000,000 | 7,702,100 | |
Gazprom Neft OAO | 6.000 | 11-27-23 | 3,700,000 | 4,081,995 | |
Hidrovias International Finance SARL (A) | 4.950 | 02-08-31 | 6,000,000 | 6,040,440 | |
Kenbourne Invest SA (A) | 4.700 | 01-22-28 | 6,800,000 | 6,886,836 |
16 | JOHN HANCOCK EMERGING MARKETS DEBT FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Luxembourg (continued) | |||||
Kenbourne Invest SA (A) | 6.875 | 11-26-24 | 4,000,000 | $4,234,840 | |
Klabin Finance SA (A)(C) | 4.875 | 09-19-27 | 5,800,000 | 6,445,250 | |
Millicom International Cellular SA (A) | 4.500 | 04-27-31 | 300,000 | 312,750 | |
Millicom International Cellular SA (A) | 5.125 | 01-15-28 | 5,220,000 | 5,441,850 | |
Millicom International Cellular SA (A)(C) | 6.625 | 10-15-26 | 450,000 | 473,625 | |
Petrorio Luxembourg Sarl (A) | 6.125 | 06-09-26 | 8,750,000 | 8,977,500 | |
Rede D’or Finance Sarl (A) | 4.500 | 01-22-30 | 4,265,000 | 4,350,300 | |
Russian Agricultural Bank OJSC | 8.500 | 10-16-23 | 3,750,000 | 4,232,543 | |
Simpar Europe SA (A) | 5.200 | 01-26-31 | 7,000,000 | 7,181,440 | |
Mauritius 1.2% | 14,954,075 | ||||
HTA Group, Ltd. (A) | 7.000 | 12-18-25 | 4,900,000 | 5,177,634 | |
MTN Mauritius Investments, Ltd. (A) | 4.755 | 11-11-24 | 5,950,000 | 6,308,000 | |
MTN Mauritius Investments, Ltd. | 6.500 | 10-13-26 | 3,000,000 | 3,468,441 | |
Mexico 12.1% | 144,426,236 | ||||
Alpek SAB de CV (A) | 4.250 | 09-18-29 | 2,000,000 | 2,201,600 | |
Banco Mercantil del Norte SA (7.500% to 6-27-29, then 10 Year CMT + 5.470%) (A)(E) | 7.500 | 06-27-29 | 2,200,000 | 2,490,400 | |
Cemex SAB de CV (A) | 3.875 | 07-11-31 | 7,750,000 | 7,972,890 | |
Credito Real SAB de CV (A)(C) | 9.500 | 02-07-26 | 10,000,000 | 9,700,100 | |
Credito Real SAB de CV (9.125% to 11-29-22, then 5 Year CMT + 7.026%) (E) | 9.125 | 11-29-22 | 3,500,000 | 2,644,250 | |
Cydsa SAB de CV | 6.250 | 10-04-27 | 943,000 | 995,714 | |
Cydsa SAB de CV (A) | 6.250 | 10-04-27 | 7,600,000 | 8,024,840 | |
Industrias Penoles SAB de CV (A) | 5.650 | 09-12-49 | 5,600,000 | 7,138,656 | |
Infraestructura Energetica Nova SAB de CV (A) | 4.750 | 01-15-51 | 5,700,000 | 5,920,875 | |
Infraestructura Energetica Nova SAB de CV (A) | 4.875 | 01-14-48 | 2,800,000 | 2,926,000 | |
Metalsa SA de CV (A) | 3.750 | 05-04-31 | 3,500,000 | 3,430,000 | |
Mexico City Airport Trust | 3.875 | 04-30-28 | 6,000,000 | 6,325,560 | |
Mexico City Airport Trust (A) | 5.500 | 10-31-46 | 7,100,000 | 7,435,404 | |
Mexico City Airport Trust | 5.500 | 07-31-47 | 4,000,000 | 4,160,000 | |
Mexico City Airport Trust (A) | 5.500 | 07-31-47 | 6,900,000 | 7,176,000 | |
Petroleos Mexicanos | 6.500 | 03-13-27 | 5,300,000 | 5,601,014 | |
Petroleos Mexicanos | 6.625 | 06-15-35 | 10,880,000 | 10,535,430 | |
Petroleos Mexicanos | 7.690 | 01-23-50 | 32,000,000 | 30,552,637 | |
Trust Fibra Uno (A) | 6.950 | 01-30-44 | 6,600,000 | 8,269,866 | |
Unifin Financiera SAB de CV (A)(C) | 8.375 | 01-27-28 | 11,500,000 | 10,925,000 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS DEBT FUND | 17 |
Rate (%) | Maturity date | Par value^ | Value | ||
Mongolia 0.3% | $3,650,000 | ||||
Mongolian Mining Corp. Resources LLC (A) | 9.250 | 04-15-24 | 4,000,000 | 3,650,000 | |
Netherlands 3.9% | 46,564,484 | ||||
Braskem Netherlands Finance BV (A) | 4.500 | 01-10-28 | 11,150,000 | 12,094,405 | |
Kazakhstan Temir Zholy Finance BV | 6.950 | 07-10-42 | 4,600,000 | 6,426,660 | |
Metinvest BV | 7.750 | 10-17-29 | 6,500,000 | 7,259,357 | |
Prosus NV (A) | 4.027 | 08-03-50 | 8,870,000 | 8,362,688 | |
VEON Holdings BV (A)(C) | 4.950 | 06-16-24 | 4,350,000 | 4,681,775 | |
VEON Holdings BV (A) | 7.250 | 04-26-23 | 1,800,000 | 1,937,052 | |
VEON Holdings BV | 7.250 | 04-26-23 | 5,392,000 | 5,802,547 | |
Panama 0.7% | 8,803,923 | ||||
AES Panama Generation Holdings SRL (A) | 4.375 | 05-31-30 | 3,500,000 | 3,638,250 | |
Banco General SA (A) | 4.125 | 08-07-27 | 4,750,000 | 5,165,673 | |
Paraguay 0.2% | 2,628,125 | ||||
Telefonica Celular del Paraguay SA (A) | 5.875 | 04-15-27 | 2,500,000 | 2,628,125 | |
Peru 3.0% | 35,538,968 | ||||
ABY Transmision Sur SA (A) | 6.875 | 04-30-43 | 6,020,625 | 7,789,244 | |
Banco BBVA Peru SA (5.250% to 9-22-24, then 5 Year CMT + 2.750%) (A)(C) | 5.250 | 09-22-29 | 2,300,000 | 2,429,398 | |
Cia de Minas Buenaventura SAA (A) | 5.500 | 07-23-26 | 4,000,000 | 3,947,640 | |
InRetail Consumer (A) | 3.250 | 03-22-28 | 6,000,000 | 6,006,000 | |
Kallpa Generacion SA (A)(C) | 4.875 | 05-24-26 | 2,890,000 | 3,077,995 | |
Petroleos del Peru SA (A) | 5.625 | 06-19-47 | 6,180,000 | 6,445,771 | |
Volcan Cia Minera SAA (A)(C) | 4.375 | 02-11-26 | 6,000,000 | 5,842,920 | |
Singapore 1.8% | 21,073,789 | ||||
LLPL Capital Pte, Ltd. (A) | 6.875 | 02-04-39 | 6,456,240 | 7,594,152 | |
Medco Bell Pte, Ltd. (A) | 6.375 | 01-30-27 | 6,800,000 | 6,914,512 | |
Medco Oak Tree Pte, Ltd. (A) | 7.375 | 05-14-26 | 6,100,000 | 6,565,125 | |
Thailand 0.6% | 7,628,086 | ||||
PTTEP Canada International Finance, Ltd. (A) | 6.350 | 06-12-42 | 2,600,000 | 3,680,976 | |
Thaioil Treasury Center Company, Ltd. (A) | 3.750 | 06-18-50 | 2,000,000 | 1,865,140 | |
Thaioil Treasury Center Company, Ltd. (A)(C) | 5.375 | 11-20-48 | 1,800,000 | 2,081,970 |
18 | JOHN HANCOCK EMERGING MARKETS DEBT FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Togo 0.4% | $4,701,514 | ||||
Banque Ouest Africaine de Developpement (A)(C) | 5.000 | 07-27-27 | 4,200,000 | 4,701,514 | |
Turkey 2.4% | 28,634,560 | ||||
TC Ziraat Bankasi AS (A) | 5.375 | 03-02-26 | 6,000,000 | 5,976,900 | |
Turkcell Iletisim Hizmetleri AS (A)(C) | 5.750 | 10-15-25 | 5,500,000 | 5,921,410 | |
Turkiye Ihracat Kredi Bankasi AS | 6.125 | 05-03-24 | 16,000,000 | 16,736,250 | |
United Kingdom 1.3% | 15,005,025 | ||||
Liquid Telecommunications Financing PLC (A) | 5.500 | 09-04-26 | 6,000,000 | 6,226,200 | |
MARB BondCo PLC (A) | 3.950 | 01-29-31 | 9,000,000 | 8,778,825 | |
United States 1.7% | 20,697,466 | ||||
ATP Tower Holdings LLC (A)(C) | 4.050 | 04-27-26 | 2,000,000 | 2,042,280 | |
JBS USA Food Company (A) | 5.750 | 01-15-28 | 4,170,000 | 4,402,686 | |
JBS USA Food Company (A) | 7.000 | 01-15-26 | 3,800,000 | 3,994,750 | |
Sasol Financing USA LLC | 5.500 | 03-18-31 | 9,700,000 | 10,257,750 | |
Virgin Islands, British 0.7% | 8,308,262 | ||||
State Grid Overseas Investment 2014, Ltd. | 4.850 | 05-07-44 | 6,235,000 | 8,308,262 | |
Shares | Value | ||||
Common stocks 0.0% | $343,218 | ||||
(Cost $5,909,631) | |||||
Canada 0.0% | 343,218 | ||||
Frontera Energy Corp. (F) | 62,290 | 343,218 | |||
Yield (%) | Shares | Value | |||
Short-term investments 3.7% | $43,855,044 | ||||
(Cost $43,845,605) | |||||
Short-term funds 3.7% | 43,855,044 | ||||
John Hancock Collateral Trust (G) | 0.0356(H) | 4,382,393 | 43,855,044 |
Total investments (Cost $1,121,222,436) 96.7% | $1,158,471,256 | ||||
Other assets and liabilities, net 3.3% | 39,727,021 | ||||
Total net assets 100.0% | $1,198,198,277 |
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 |
CNY | Chinese Yuan Renminbi |
EUR | Euro |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS DEBT FUND | 19 |
ZAR | South African Rand |
Security Abbreviations and Legend | |
CMT | Constant Maturity Treasury |
CPI | Consumer Price Index |
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. |
(A) | 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 $648,272,762 or 54.1% of the fund’s net assets as of 8-31-21. |
(B) | Non-income producing - Issuer is in default. |
(C) | All or a portion of this security is on loan as of 8-31-21. |
(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) | Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date. |
(F) | Non-income producing security. |
(G) | Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |
(H) | The rate shown is the annualized seven-day yield as of 8-31-21. |
20 | JOHN HANCOCK EMERGING MARKETS DEBT FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Open contracts | Number of contracts | Position | Expiration date | Notional basis^ | Notional value^ | Unrealized appreciation (depreciation) |
10-Year U.S. Treasury Note Futures | 359 | Short | Dec 2021 | $(47,740,737) | $(47,898,453) | $(157,716) |
$(157,716) |
Credit default swaps - Buyer | ||||||||||
Counterparty (OTC)/ Centrally cleared | Reference obligation | Notional amount | Currency | USD notional amount | Pay fixed rate | Fixed payment frequency | Maturity date | Unamortized upfront payment paid (received) | Unrealized appreciation (depreciation) | Value |
MSI | People’s Republic of China | 10,000,000 | USD | $10,000,000 | 1.000% | Quarterly | Jun 2026 | $(289,868) | $(50,549) | $(340,417) |
MSI | People’s Republic of China | 20,000,000 | USD | 20,000,000 | 1.000% | Quarterly | Jun 2026 | (555,544) | (125,289) | (680,833) |
$30,000,000 | $(845,412) | $(175,838) | $(1,021,250) |
Derivatives Currency Abbreviations | |
USD | U.S. Dollar |
Derivatives Abbreviations | |
MSI | Morgan Stanley & Co. International PLC |
OTC | Over-the-counter |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS DEBT FUND | 21 |
Assets | |
Unaffiliated investments, at value (Cost $1,077,376,831) including $42,920,679 of securities loaned | $1,114,616,212 |
Affiliated investments, at value (Cost $43,845,605) | 43,855,044 |
Total investments, at value (Cost $1,121,222,436) | 1,158,471,256 |
Receivable for futures variation margin | 39,278 |
Cash | 69,103,851 |
Collateral held at broker for futures contracts | 950,000 |
Collateral segregated at custodian for OTC derivative contracts | 990,000 |
Interest receivable | 13,914,139 |
Receivable for fund shares sold | 457,129 |
Receivable for securities lending income | 48,515 |
Other assets | 78,331 |
Total assets | 1,244,052,499 |
Liabilities | |
Swap contracts, at value (net unamortized upfront payment of $(845,412)) | 1,021,250 |
Distributions payable | 21,667 |
Payable for fund shares repurchased | 727,531 |
Payable upon return of securities loaned | 43,853,325 |
Payable to affiliates | |
Accounting and legal services fees | 45,638 |
Transfer agent fees | 1,897 |
Trustees’ fees | 305 |
Other liabilities and accrued expenses | 182,609 |
Total liabilities | 45,854,222 |
Net assets | $1,198,198,277 |
Net assets consist of | |
Paid-in capital | $1,206,919,458 |
Total distributable earnings (loss) | (8,721,181) |
Net assets | $1,198,198,277 |
22 | JOHN HANCOCK Emerging Markets Debt Fund | ANNUAL 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 ($2,321,808 ÷ 245,736 shares)1 | $9.45 |
Class C ($413,122 ÷ 43,773 shares)1 | $9.44 |
Class I ($17,907,682 ÷ 1,893,792 shares) | $9.46 |
Class R2 ($48,057 ÷ 5,088 shares) | $9.45 |
Class R6 ($2,793,281 ÷ 295,751 shares) | $9.44 |
Class NAV ($1,174,714,327 ÷ 124,391,329 shares) | $9.44 |
Maximum offering price per share | |
Class A (net asset value per share ÷ 96%)2 | $9.84 |
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 | ANNUAL REPORT | JOHN HANCOCK Emerging Markets Debt Fund | 23 |
Investment income | |
Interest | $59,079,723 |
Securities lending | 282,977 |
Less foreign taxes withheld | (57,401) |
Total investment income | 59,305,299 |
Expenses | |
Investment management fees | 7,885,631 |
Distribution and service fees | 12,996 |
Accounting and legal services fees | 163,940 |
Transfer agent fees | 20,178 |
Trustees’ fees | 19,965 |
Custodian fees | 241,747 |
State registration fees | 79,426 |
Printing and postage | 32,923 |
Professional fees | 123,600 |
Other | 43,644 |
Total expenses | 8,624,050 |
Less expense reductions | (95,660) |
Net expenses | 8,528,390 |
Net investment income | 50,776,909 |
Realized and unrealized gain (loss) | |
Net realized gain (loss) on | |
Unaffiliated investments and foreign currency transactions | (24,446,840) |
Affiliated investments | (7,720) |
Futures contracts | 898,045 |
Forward foreign currency contracts | (1,600,020) |
Swap contracts | (48,612) |
(25,205,147) | |
Change in net unrealized appreciation (depreciation) of | |
Unaffiliated investments and translation of assets and liabilities in foreign currencies | 48,481,015 |
Affiliated investments | 9,439 |
Futures contracts | (157,716) |
Forward foreign currency contracts | 630,261 |
Swap contracts | (175,838) |
48,787,161 | |
Net realized and unrealized gain | 23,582,014 |
Increase in net assets from operations | $74,358,923 |
24 | JOHN HANCOCK Emerging Markets Debt Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Year ended 8-31-21 | Year ended 8-31-20 | |
Increase (decrease) in net assets | ||
From operations | ||
Net investment income | $50,776,909 | $50,924,765 |
Net realized gain (loss) | (25,205,147) | 3,659,115 |
Change in net unrealized appreciation (depreciation) | 48,787,161 | (8,837,373) |
Increase in net assets resulting from operations | 74,358,923 | 45,746,507 |
Distributions to shareholders | ||
From earnings | ||
Class A | (97,346) | (99,918) |
Class C | (14,999) | (20,576) |
Class I | (580,684) | (566,369) |
Class R2 | (4,732) | (5,577) |
Class R41 | — | (394) |
Class R6 | (133,430) | (147,357) |
Class NAV | (46,954,529) | (43,750,937) |
From tax return of capital | ||
Class A | — | (15,192) |
Class C | — | (3,128) |
Class I | — | (86,110) |
Class R2 | — | (848) |
Class R41 | — | (60) |
Class R6 | — | (22,404) |
Class NAV | — | (6,651,855) |
Total distributions | (47,785,720) | (51,370,725) |
From fund share transactions | 136,292,122 | (49,390,191) |
Total increase (decrease) | 162,865,325 | (55,014,409) |
Net assets | ||
Beginning of year | 1,035,332,952 | 1,090,347,361 |
End of year | $1,198,198,277 | $1,035,332,952 |
1 | Class R4 shares were fully redeemed on 10-29-19. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Emerging Markets Debt Fund | 25 |
CLASS A SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $9.21 | $9.33 | $8.86 | $9.87 | $9.69 |
Net investment income1 | 0.37 | 0.41 | 0.43 | 0.41 | 0.46 |
Net realized and unrealized gain (loss) on investments | 0.23 | (0.11) | 0.48 | (0.96) | 0.23 |
Total from investment operations | 0.60 | 0.30 | 0.91 | (0.55) | 0.69 |
Less distributions | |||||
From net investment income | (0.36) | (0.36) | (0.44) | (0.46) | (0.51) |
From tax return of capital | — | (0.06) | — | — | — |
Total distributions | (0.36) | (0.42) | (0.44) | (0.46) | (0.51) |
Net asset value, end of period | $9.45 | $9.21 | $9.33 | $8.86 | $9.87 |
Total return (%)2,3 | 6.61 | 3.36 | 10.52 | (5.75) | 7.54 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $2 | $3 | $2 | $3 | $4 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 1.17 | 1.20 | 1.19 | 1.18 | 1.21 |
Expenses including reductions | 1.17 | 1.19 | 1.18 | 1.17 | 1.20 |
Net investment income | 4.01 | 4.54 | 4.78 | 4.34 | 4.82 |
Portfolio turnover (%) | 18 | 24 | 7 | 23 | 20 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
3 | Does not reflect the effect of sales charges, if any. |
26 | JOHN HANCOCK Emerging Markets Debt Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS C SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $9.20 | $9.32 | $8.85 | $9.86 | $9.67 |
Net investment income1 | 0.31 | 0.35 | 0.37 | 0.35 | 0.39 |
Net realized and unrealized gain (loss) on investments | 0.22 | (0.12) | 0.48 | (0.96) | 0.25 |
Total from investment operations | 0.53 | 0.23 | 0.85 | (0.61) | 0.64 |
Less distributions | |||||
From net investment income | (0.29) | (0.30) | (0.38) | (0.40) | (0.45) |
From tax return of capital | — | (0.05) | — | — | — |
Total distributions | (0.29) | (0.35) | (0.38) | (0.40) | (0.45) |
Net asset value, end of period | $9.44 | $9.20 | $9.32 | $8.85 | $9.86 |
Total return (%)2,3 | 5.87 | 2.65 | 9.76 | (6.40) | 6.68 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $—4 | $1 | $1 | $1 | $1 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 1.87 | 1.90 | 1.89 | 1.88 | 1.90 |
Expenses including reductions | 1.87 | 1.89 | 1.88 | 1.87 | 1.90 |
Net investment income | 3.32 | 3.85 | 4.09 | 3.68 | 4.05 |
Portfolio turnover (%) | 18 | 24 | 7 | 23 | 20 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
3 | Does not reflect the effect of sales charges, if any. |
4 | Less than $500,000. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Emerging Markets Debt Fund | 27 |
CLASS I SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $9.22 | $9.34 | $8.86 | $9.88 | $9.70 |
Net investment income1 | 0.41 | 0.44 | 0.46 | 0.44 | 0.48 |
Net realized and unrealized gain (loss) on investments | 0.21 | (0.12) | 0.49 | (0.97) | 0.24 |
Total from investment operations | 0.62 | 0.32 | 0.95 | (0.53) | 0.72 |
Less distributions | |||||
From net investment income | (0.38) | (0.38) | (0.47) | (0.49) | (0.54) |
From tax return of capital | — | (0.06) | — | — | — |
Total distributions | (0.38) | (0.44) | (0.47) | (0.49) | (0.54) |
Net asset value, end of period | $9.46 | $9.22 | $9.34 | $8.86 | $9.88 |
Total return (%)2 | 6.91 | 3.67 | 10.95 | (5.56) | 7.87 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $18 | $14 | $15 | $14 | $14 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.87 | 0.90 | 0.90 | 0.89 | 0.89 |
Expenses including reductions | 0.87 | 0.89 | 0.89 | 0.88 | 0.89 |
Net investment income | 4.36 | 4.83 | 5.06 | 4.64 | 5.01 |
Portfolio turnover (%) | 18 | 24 | 7 | 23 | 20 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
28 | JOHN HANCOCK Emerging Markets Debt Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS R2 SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $9.21 | $9.32 | $8.85 | $9.87 | $9.69 |
Net investment income1 | 0.38 | 0.42 | 0.44 | 0.42 | 0.48 |
Net realized and unrealized gain (loss) on investments | 0.22 | (0.11) | 0.48 | (0.97) | 0.23 |
Total from investment operations | 0.60 | 0.31 | 0.92 | (0.55) | 0.71 |
Less distributions | |||||
From net investment income | (0.36) | (0.36) | (0.45) | (0.47) | (0.53) |
From tax return of capital | — | (0.06) | — | — | — |
Total distributions | (0.36) | (0.42) | (0.45) | (0.47) | (0.53) |
Net asset value, end of period | $9.45 | $9.21 | $9.32 | $8.85 | $9.87 |
Total return (%)2 | 6.52 | 3.49 | 10.62 | (5.75) | 7.70 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $—3 | $—3 | $—3 | $—3 | $—3 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 1.15 | 1.18 | 1.12 | 1.08 | 1.06 |
Expenses including reductions | 1.15 | 1.17 | 1.11 | 1.07 | 1.06 |
Net investment income | 4.04 | 4.60 | 4.85 | 4.40 | 5.02 |
Portfolio turnover (%) | 18 | 24 | 7 | 23 | 20 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
3 | Less than $500,000. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Emerging Markets Debt Fund | 29 |
CLASS R6 SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $9.21 | $9.33 | $8.85 | $9.87 | $9.69 |
Net investment income1 | 0.41 | 0.45 | 0.48 | 0.46 | 0.48 |
Net realized and unrealized gain (loss) on investments | 0.21 | (0.12) | 0.47 | (0.98) | 0.25 |
Total from investment operations | 0.62 | 0.33 | 0.95 | (0.52) | 0.73 |
Less distributions | |||||
From net investment income | (0.39) | (0.39) | (0.47) | (0.50) | (0.55) |
From tax return of capital | — | (0.06) | — | — | — |
Total distributions | (0.39) | (0.45) | (0.47) | (0.50) | (0.55) |
Net asset value, end of period | $9.44 | $9.21 | $9.33 | $8.85 | $9.87 |
Total return (%)2 | 6.92 | 3.79 | 11.05 | (5.48) | 7.99 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $3 | $4 | $3 | $1 | $1 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.77 | 0.78 | 0.79 | 0.79 | 0.80 |
Expenses including reductions | 0.76 | 0.78 | 0.78 | 0.78 | 0.79 |
Net investment income | 4.44 | 4.96 | 5.22 | 4.83 | 5.04 |
Portfolio turnover (%) | 18 | 24 | 7 | 23 | 20 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
30 | JOHN HANCOCK Emerging Markets Debt Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS NAV SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $9.21 | $9.33 | $8.85 | $9.87 | $9.69 |
Net investment income1 | 0.42 | 0.45 | 0.47 | 0.45 | 0.50 |
Net realized and unrealized gain (loss) on investments | 0.20 | (0.11) | 0.49 | (0.97) | 0.24 |
Total from investment operations | 0.62 | 0.34 | 0.96 | (0.52) | 0.74 |
Less distributions | |||||
From net investment income | (0.39) | (0.40) | (0.48) | (0.50) | (0.56) |
From tax return of capital | — | (0.06) | — | — | — |
Total distributions | (0.39) | (0.46) | (0.48) | (0.50) | (0.56) |
Net asset value, end of period | $9.44 | $9.21 | $9.33 | $8.85 | $9.87 |
Total return (%)2 | 6.93 | 3.80 | 11.10 | (5.46) | 8.00 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $1,175 | $1,014 | $1,069 | $840 | $797 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.76 | 0.77 | 0.77 | 0.77 | 0.79 |
Expenses including reductions | 0.75 | 0.76 | 0.77 | 0.77 | 0.78 |
Net investment income | 4.49 | 4.97 | 5.21 | 4.79 | 5.28 |
Portfolio turnover (%) | 18 | 24 | 7 | 23 | 20 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Emerging Markets Debt Fund | 31 |
32 | JOHN HANCOCK Emerging Markets Debt Fund | ANNUAL REPORT |
Total value at 8-31-21 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
Foreign government obligations | $466,237,811 | — | $466,237,811 | — |
Corporate bonds | 648,035,183 | — | 648,035,183 | — |
Common stocks | 343,218 | $343,218 | — | — |
Short-term investments | 43,855,044 | 43,855,044 | — | — |
Total investments in securities | $1,158,471,256 | $44,198,262 | $1,114,272,994 | — |
Derivatives: | ||||
Liabilities | ||||
Futures | $(157,716) | $(157,716) | — | — |
Swap contracts | (1,021,250) | — | $(1,021,250) | — |
ANNUAL REPORT | JOHN HANCOCK Emerging Markets Debt Fund | 33 |
34 | JOHN HANCOCK Emerging Markets Debt Fund | ANNUAL REPORT |
August 31, 2021 | August 31, 2020 | |
Ordinary income | $47,785,720 | $44,591,128 |
Return of capital | — | 6,779,597 |
Total | $47,785,720 | $51,370,725 |
ANNUAL REPORT | JOHN HANCOCK Emerging Markets Debt Fund | 35 |
36 | JOHN HANCOCK Emerging Markets Debt Fund | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK Emerging Markets Debt 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 | — | $(157,716) |
Credit | Swap contracts, at value | Credit default swaps | — | (1,021,250) |
— | $(1,178,966) |
1 | Reflects cumulative appreciation/depreciation on open futures as disclosed in the Derivatives section of Fund’s investments. Only the year end variation margin receivable/payable is separately reported 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 | $898,045 | — | — | $898,045 |
Currency | — | $(1,600,020) | — | (1,600,020) |
Credit | — | — | $(48,612) | (48,612) |
Total | $898,045 | $(1,600,020) | $(48,612) | $(750,587) |
Statement of operations location - Change in net unrealized appreciation (depreciation) of: | ||||
Risk | Futures contracts | Forward foreign currency contracts | Swap contracts | Total |
Interest rate | $(157,716) | — | — | $(157,716) |
Currency | — | $630,261 | — | 630,261 |
Credit | — | — | $(175,838) | (175,838) |
Total | $(157,716) | $630,261 | $(175,838) | $296,707 |
38 | JOHN HANCOCK Emerging Markets Debt Fund | ANNUAL REPORT |
Class | Expense reduction |
Class A | $214 |
Class C | 40 |
Class I | 1,197 |
Class R2 | 10 |
Class | Expense reduction |
Class R6 | $262 |
Class NAV | 93,937 |
Total | $95,660 |
ANNUAL REPORT | JOHN HANCOCK Emerging Markets Debt Fund | 39 |
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 | $7,722 | $2,961 |
Class C | 4,796 | 551 |
Class I | — | 16,334 |
40 | JOHN HANCOCK Emerging Markets Debt Fund | ANNUAL REPORT |
Class | Distribution and service fees | Transfer agent fees |
Class R2 | $478 | $13 |
Class R6 | — | 319 |
Total | $12,996 | $20,178 |
Year Ended 8-31-21 | Year Ended 8-31-20 | |||
Shares | Amount | Shares | Amount | |
Class A shares | ||||
Sold | 674,212 | $6,254,884 | 177,266 | $1,552,898 |
Distributions reinvested | 10,368 | 96,074 | 12,646 | 114,635 |
Repurchased | (721,800) | (6,674,715) | (155,749) | (1,374,843) |
Net increase (decrease) | (37,220) | $(323,757) | 34,163 | $292,690 |
Class C shares | ||||
Sold | 7,318 | $67,997 | 23,217 | $218,146 |
Distributions reinvested | 1,617 | 14,959 | 2,604 | 23,479 |
Repurchased | (34,133) | (318,017) | (25,166) | (215,425) |
Net increase (decrease) | (25,198) | $(235,061) | 655 | $26,200 |
Class I shares | ||||
Sold | 1,578,907 | $14,677,163 | 792,373 | $6,992,484 |
Distributions reinvested | 51,567 | 477,965 | 71,972 | 652,479 |
Repurchased | (1,244,884) | (11,490,116) | (922,750) | (7,994,318) |
Net increase (decrease) | 385,590 | $3,665,012 | (58,405) | $(349,355) |
Class R2 shares | ||||
Sold | 934 | $8,664 | 8,725 | $81,623 |
Distributions reinvested | 194 | 1,785 | 373 | 3,359 |
Repurchased | (11,480) | (106,979) | (2,657) | (23,452) |
Net increase (decrease) | (10,352) | $(96,530) | 6,441 | $61,530 |
Class R4 shares1 | ||||
Sold | — | — | 6,641 | $62,085 |
Distributions reinvested | — | — | 2 | 25 |
Repurchased | — | — | (11,730) | (110,243) |
Net decrease | — | — | (5,087) | $(48,133) |
ANNUAL REPORT | JOHN HANCOCK Emerging Markets Debt Fund | 41 |
Year Ended 8-31-21 | Year Ended 8-31-20 | |||
Shares | Amount | Shares | Amount | |
Class R6 shares | ||||
Sold | 140,349 | $1,304,799 | 136,722 | $1,254,999 |
Distributions reinvested | 14,393 | 133,245 | 18,820 | 169,669 |
Repurchased | (291,436) | (2,720,728) | (69,895) | (639,700) |
Net increase (decrease) | (136,694) | $(1,282,684) | 85,647 | $784,968 |
Class NAV shares | ||||
Sold | 23,359,194 | $219,494,724 | 7,000,976 | $57,977,176 |
Distributions reinvested | 5,065,154 | 46,954,529 | 5,568,136 | 50,398,196 |
Repurchased | (14,180,358) | (131,884,111) | (17,058,030) | (158,533,463) |
Net increase (decrease) | 14,243,990 | $134,565,142 | (4,488,918) | $(50,158,091) |
Total net increase (decrease) | 14,420,116 | $136,292,122 | (4,425,504) | $(49,390,191) |
1 | Class R4 shares were fully redeemed on 10-29-19. |
Fund | Affiliated Concentration |
John Hancock Funds II Multimanager Lifestyle Balanced Portfolio | 31.6% |
John Hancock Funds II Multimanager Lifestyle Growth Portfolio | 19.0% |
John Hancock Funds II Multimanager Lifestyle Conservative Portfolio | 14.4% |
John Hancock Funds II Multimanager Lifestyle Moderate Portfolio | 13.1% |
42 | JOHN HANCOCK Emerging Markets Debt Fund | ANNUAL 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* | 4,382,393 | — | $215,717,195 | $(171,863,870) | $(7,720) | $9,439 | $282,977 | — | $43,855,044 |
* | Refer to the Securities lending note within Note 2 for details regarding this investment. |
ANNUAL REPORT | JOHN HANCOCK Emerging Markets Debt Fund | 43 |
44 | JOHN HANCOCK EMERGING MARKETS DEBT FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS DEBT FUND | 45 |
46 | JOHN HANCOCK EMERGING MARKETS DEBT FUND | ANNUAL REPORT |
(a) | the skills and competency with which the Advisor has in the past managed the Trust’s affairs and its subadvisory relationship, the Advisor’s oversight and monitoring of the Subadvisor’s investment performance and compliance programs, such as the Subadvisor’s compliance with fund policies and objectives, review of brokerage matters, including with respect to trade allocation and best execution and the Advisor’s timeliness in responding to performance issues; |
(b) | the background, qualifications and skills of the Advisor’s personnel; |
(c) | the Advisor’s compliance policies and procedures and its responsiveness to regulatory changes and fund industry developments; |
ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS DEBT FUND | 47 |
(d) | the Advisor’s administrative capabilities, including its ability to supervise the other service providers for the fund, as well as the Advisor’s oversight of any securities lending activity, its monitoring of class action litigation and collection of class action settlements on behalf of the fund, and bringing loss recovery actions on behalf of the fund; |
(e) | the financial condition of the Advisor and whether it has the financial wherewithal to provide a high level and quality of services to the fund; |
(f) | the Advisor’s initiatives intended to improve various aspects of the Trust’s operations and investor experience with the fund; and |
(g) | the Advisor’s reputation and experience in serving as an investment advisor to the Trust and the benefit to shareholders of investing in funds that are part of a family of funds offering a variety of investments. |
(a) | reviewed information prepared by management regarding the fund’s performance; |
(b) | considered the comparative performance of an applicable benchmark index; |
(c) | considered the performance of comparable funds, if any, as included in the report prepared by an independent third-party provider of fund data; and |
(d) | took into account the Advisor’s analysis of the fund’s performance and its plans and recommendations regarding the Trust’s subadvisory arrangements generally. |
48 | JOHN HANCOCK EMERGING MARKETS DEBT FUND | ANNUAL REPORT |
(a) | reviewed financial information of the Advisor; |
(b) | reviewed and considered information presented by the Advisor regarding the net profitability to the Advisor and its affiliates with respect to the fund; |
(c) | received and reviewed profitability information with respect to the John Hancock Fund Complex as a whole and with respect to the fund; |
(d) | received information with respect to the Advisor’s allocation methodologies used in preparing the profitability data and considered that the Advisor hired an independent third-party consultant to provide an analysis of the Advisor’s allocation methodologies; |
(e) | considered that the John Hancock insurance companies that are affiliates of the Advisor, as shareholders of the Trust directly or through their separate accounts, receive certain tax credits or deductions relating to foreign taxes paid and dividends received by certain funds of the Trust and noted that these tax benefits, which are not available to participants in qualified retirement plans under applicable income tax law, are reflected in the profitability information reviewed by the Board; |
(f) | considered that the Advisor also provides administrative services to the fund on a cost basis pursuant to an administrative services agreement; |
(g) | noted that affiliates of the Advisor provide transfer agency services and distribution services to the fund, and that the fund’s distributor also receives Rule 12b-1 payments to support distribution of the fund; |
(h) | noted that the fund’s Subadvisor is an affiliate of the Advisor |
(i) | noted that the Advisor also derives reputational and other indirect benefits from providing advisory services to the fund; |
(j) | noted that the subadvisory fee for the fund is paid by the Advisor; |
(k) | considered the Advisor’s ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the fund industry; and |
ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS DEBT FUND | 49 |
(l) | considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it provides to the fund and the risks that it assumes as Advisor, including entrepreneurial, operational, reputational, litigation and regulatory risk. |
(a) | considered that the Advisor has contractually agreed to waive a portion of its management fee for certain funds of the John Hancock Fund Complex, including the fund (the participating portfolios) or otherwise reimburse the expenses of the participating portfolios (the reimbursement). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund; |
(b) | reviewed the fund’s advisory fee structure and concluded that: (i) the fund’s fee structure contains breakpoints at the subadvisory fee level and that such breakpoints are reflected as breakpoints in the advisory fees for the fund; and (ii) although economies of scale cannot be measured with precision, these arrangements permit shareholders of the fund to benefit from economies of scale if the fund grows. The Board also took into account management’s discussion of the fund’s advisory fee structure; and |
(c) | the Board also considered the effect of the fund’s growth in size on its performance and fees. The Board also noted that if the fund’s assets increase over time, the fund may realize other economies of scale |
(1) | information relating to the Subadvisor’s business, including current subadvisory services to the Trust (and other funds in the John Hancock Fund Complex); |
(2) | the historical and current performance of the fund and comparative performance information relating to an applicable benchmark index and comparable funds; and |
(3) | the subadvisory fee for the fund, including any breakpoints, and to the extent available, comparable fee information prepared by an independent third party provider of fund data. |
50 | JOHN HANCOCK EMERGING MARKETS DEBT FUND | ANNUAL REPORT |
(1) | the Subadvisor has extensive experience and demonstrated skills as a manager; |
(2) | the performance of the fund is being monitored and reasonably addressed where appropriate; |
(3) | the subadvisory fee is reasonable in relation to the level and quality of services being provided under the Subadvisory Agreement; and |
(4) | noted that the subadvisory fees are paid by the Advisor not the fund and that the subadvisory fee breakpoints are reflected as breakpoints in the advisory fees for the fund in order to permit shareholders to benefit from economies of scale if the fund grows. |
ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS DEBT FUND | 51 |
52 | JOHN HANCOCK EMERGING MARKETS DEBT FUND | ANNUAL REPORT |
• | The Fund’s investment strategy remained appropriate for an open-end fund structure; |
• | The Fund was able to meet requests for redemption without significant dilution of remaining investors’ interests in the Fund; |
• | The Fund did not report any breaches of the 15% limit on illiquid investments that would require reporting to the Securities and Exchange Commission; |
• | The Fund continued to qualify as a Primarily Highly Liquid Fund under the Liquidity Rule and therefore is not required to establish a HLIM; and |
• | The Chief Compliance Officer’s office performed audit testing of the LRMP which resulted in an assessment that the LRMP’s control environment was deemed to be operating effectively and in compliance with the Board approved procedures. |
ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS DEBT FUND | 53 |
54 | JOHN HANCOCK EMERGING MARKETS DEBT FUND | ANNUAL REPORT |
Independent Trustees | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Hassell H. McClellan, Born: 1945 | 2005 | 190 |
Trustee and Chairperson of the Board | ||
Director/Trustee, Virtus Funds (2008-2020); Director, The Barnes Group (2010-2021); Associate Professor, The Wallace E. Carroll School of Management, Boston College (retired 2013). Trustee (since 2005) and Chairperson of the Board (since 2017) of various trusts within the John Hancock Fund Complex. | ||
Charles L. Bardelis,2 Born: 1941 | 2005 | 190 |
Trustee | ||
Director, Island Commuter Corp. (marine transport). Trustee of various trusts within the John Hancock Fund Complex (since 1988). | ||
James R. Boyle, Born: 1959 | 2015 | 190 |
Trustee | ||
Chief Executive Officer, Foresters Financial (since 2018); Chairman and Chief Executive Officer, Zillion Group, Inc. (formerly HealthFleet, Inc.) (healthcare) (2014-2018); Executive Vice President and Chief Executive Officer, U.S. Life Insurance Division of Genworth Financial, Inc. (insurance) (January 2014–July 2014); Senior Executive Vice President, Manulife Financial, President and Chief Executive Officer, John Hancock (1999–2012); Chairman and Director, John Hancock Investment Management LLC, John Hancock Investment Management Distributors LLC, and John Hancock Variable Trust Advisers LLC (2005–2010). Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015). | ||
Peter S. Burgess,2 Born: 1942 | 2005 | 190 |
Trustee | ||
Consultant (financial, accounting, and auditing matters) (since 1999); Certified Public Accountant; Partner, Arthur Andersen (independent public accounting firm) (prior to 1999); Director, Lincoln Educational Services Corporation (2004-2021); Director, Symetra Financial Corporation (2010–2016); Director, PMA Capital Corporation (2004–2010). Trustee of various trusts within the John Hancock Fund Complex (since 2005). | ||
William H. Cunningham, Born: 1944 | 2012 | 190 |
Trustee | ||
Professor, University of Texas, Austin, Texas (since 1971); former Chancellor, University of Texas System and former President of the University of Texas, Austin, Texas; Chairman (since 2009) and Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000); former Director, LIN Television (2009–2014). Trustee of various trusts within the John Hancock Fund Complex (since 1986). | ||
Grace K. Fey, Born: 1946 | 2008 | 190 |
Trustee | ||
Chief Executive Officer, Grace Fey Advisors (since 2007); Director and Executive Vice President, Frontier Capital Management Company (1988–2007); Director, Fiduciary Trust (since 2009). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |
ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS DEBT FUND | 55 |
Independent Trustees (continued) | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Deborah C. Jackson, Born: 1952 | 2012 | 190 |
Trustee | ||
President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Amwell Corporation (since 2020); Board of Directors, Massachusetts Women’s Forum (2018-2020); Board of Directors, National Association of Corporate Directors/New England (2015-2020); Board of Directors, Association of Independent Colleges and Universities of Massachusetts (2014-2017); Chief Executive Officer, American Red Cross of Massachusetts Bay (2002–2011); Board of Directors of Eastern Bank Corporation (since 2001); Board of Directors of Eastern Bank Charitable Foundation (since 2001); Board of Directors of American Student Assistance Corporation (1996–2009); Board of Directors of Boston Stock Exchange (2002–2008); Board of Directors of Harvard Pilgrim Healthcare (health benefits company) (2007–2011). Trustee of various trusts within the John Hancock Fund Complex (since 2008). | ||
Steven R. Pruchansky, Born: 1944 | 2012 | 190 |
Trustee and Vice Chairperson of the Board | ||
Managing Director, Pru Realty (since 2017); Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (2014-2020); Director and President, Greenscapes of Southwest Florida, Inc. (until 2000); Member, Board of Advisors, First American Bank (until 2010); Managing Director, Jon James, LLC (real estate) (since 2000); Partner, Right Funding, LLC (2014-2017); Director, First Signature Bank & Trust Company (until 1991); Director, Mast Realty Trust (until 1994); President, Maxwell Building Corp. (until 1991). Trustee (since 1992), Chairperson of the Board (2011–2012), and Vice Chairperson of the Board (since 2012) of various trusts within the John Hancock Fund Complex. | ||
Frances G. Rathke,2,* Born: 1960 | 2020 | 190 |
Trustee | ||
Board Member, Oatly Group AB (plant-based drink company) (since 2021): Director, Northern New England Energy Corporation (since 2017); Director, Audit Committee Chair and Compensation Committee Member, Green Mountain Power Corporation (since 2016); Director, Treasurer and Finance & Audit Committee Chair, Flynn Center for Performing Arts (since 2016); Director, Audit Committee Chair and Compensation Committee Member, Planet Fitness (since 2016); Director, Citizen Cider, Inc. (high-end hard cider and hard seltzer company) (since 2016); Chief Financial Officer and Treasurer, Keurig Green Mountain, Inc. (2003-retired 2015); Independent Financial Consultant, Frances Rathke Consulting (strategic and financial consulting services) (2001-2003); Chief Financial Officer and Secretary, Ben & Jerry’s Homemade, Inc. (1989-2000, including prior positions); Senior Manager, Coopers & Lybrand, LLC (independent public accounting firm) (1982-1989). Trustee of various trusts within the John Hancock Fund Complex (since 2020). | ||
Gregory A. Russo, Born: 1949 | 2012 | 190 |
Trustee | ||
Director and Audit Committee Chairman (2012-2020), and Member, Audit Committee and Finance Committee (2011-2020), NCH Healthcare System, Inc. (holding company for multi-entity healthcare system); Director and Member (2012-2018) and Finance Committee Chairman (2014-2018), The Moorings, Inc. (nonprofit continuing care community); Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); Vice Chairman, Industrial Markets, KPMG (1998–2002); Chairman and Treasurer, Westchester County, New York, Chamber of Commerce (1986–1992); Director, Treasurer, and Chairman of Audit and Finance Committees, Putnam Hospital Center (1989–1995); Director and Chairman of Fundraising Campaign, United Way of Westchester and Putnam Counties, New York (1990–1995). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |
56 | JOHN HANCOCK EMERGING MARKETS DEBT FUND | ANNUAL REPORT |
Non-Independent Trustees3 | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Andrew G. Arnott, Born: 1971 | 2017 | 190 |
President and Non-Independent Trustee | ||
Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (since 2018); Director and Executive Vice President, John Hancock Investment Management LLC (since 2005, including prior positions); Director and Executive Vice President, John Hancock Variable Trust Advisers LLC (since 2006, including prior positions); President, John Hancock Investment Management Distributors LLC (since 2004, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2017). | ||
Marianne Harrison, Born: 1963 | 2018 | 190 |
Non-Independent Trustee | ||
President and CEO, John Hancock (since 2017); President and CEO, Manulife Canadian Division (2013–2017); Member, Board of Directors, Boston Medical Center (since 2021); Member, Board of Directors, CAE Inc. (since 2019); Member, Board of Directors, MA Competitive Partnership Board (since 2018); Member, Board of Directors, American Council of Life Insurers (ACLI) (since 2018); Member, Board of Directors, Communitech, an industry-led innovation center that fosters technology companies in Canada (2017-2019); Member, Board of Directors, Manulife Assurance Canada (2015-2017); Board Member, St. Mary’s General Hospital Foundation (2014-2017); Member, Board of Directors, Manulife Bank of Canada (2013- 2017); Member, Standing Committee of the Canadian Life & Health Assurance Association (2013-2017); Member, Board of Directors, John Hancock USA, John Hancock Life & Health, John Hancock New York (2012–2013). Trustee of various trusts within the John Hancock Fund Complex (since 2018). |
Principal officers who are not Trustees | |
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years | Current Position(s) with the Trust since |
Charles A. Rizzo, Born: 1957 | 2007 |
Chief Financial Officer | |
Vice President, John Hancock Financial Services (since 2008); Senior Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2008); Chief Financial Officer of various trusts within the John Hancock Fund Complex (since 2007). | |
Salvatore Schiavone, Born: 1965 | 2009 |
Treasurer | |
Assistant Vice President, John Hancock Financial Services (since 2007); Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2007); Treasurer of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). | |
Christopher (Kit) Sechler, Born: 1973 | 2018 |
Secretary and Chief Legal Officer | |
Vice President and Deputy Chief Counsel, John Hancock Investment Management (since 2015); Assistant Vice President and Senior Counsel (2009–2015), John Hancock Investment Management; Assistant Secretary of John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2009); Chief Legal Officer and Secretary of various trusts within the John Hancock Fund Complex (since 2009, including prior positions). |
ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS DEBT FUND | 57 |
Principal officers who are not Trustees (continued) | |
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years | Current Position(s) with the Trust since |
Trevor Swanberg, Born: 1979 | 2020 |
Chief Compliance Officer | |
Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2020); Deputy Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2019–2020); Assistant Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2016–2019); Vice President, State Street Global Advisors (2015–2016); Chief Compliance Officer of various trusts within the John Hancock Fund Complex (since 2016, including prior positions). |
1 | Each Trustee holds office until his or her successor is elected and qualified, or until the Trustee’s death, retirement, resignation, or removal. Mr. Boyle has served as Trustee at various times prior to the date listed in the table. |
2 | Member of the Audit Committee. |
3 | The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates. |
* | Appointed as Independent Trustee effective as of September 15, 2020. |
58 | JOHN HANCOCK EMERGING MARKETS DEBT FUND | ANNUAL 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
Frances G. Rathke*,1
Gregory A. Russo
President
Chief Financial Officer
Treasurer
Secretary and Chief Legal Officer
Chief Compliance Officer
Elina Theodorakopoulou
Paolo H. Valle
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 |
ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS DEBT FUND | 59 |
GOVERNANCE FUNDS
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
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a diverse set of investments backed by some of the world’s best
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200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
MF1822978 | 358A 8/21 |
President and CEO,
John Hancock Investment Management
Head of Wealth and Asset Management,
United States and Europe
ANNUAL REPORT | JOHN HANCOCK NEW OPPORTUNITIES FUND | 1 |
2 | JOHN HANCOCK NEW OPPORTUNITIES FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK NEW OPPORTUNITIES FUND | 3 |
TOP 10 HOLDINGS AS OF 8/31/2021 (% of net assets) | |
Rapid7, Inc. | 2.8 |
Paylocity Holding Corp. | 2.6 |
Fox Factory Holding Corp. | 2.5 |
The Shyft Group, Inc. | 2.5 |
SiteOne Landscape Supply, Inc. | 2.4 |
Cerence, Inc. | 2.4 |
Endava PLC, ADR | 2.2 |
Houlihan Lokey, Inc. | 1.9 |
Syneos Health, Inc. | 1.9 |
Globus Medical, Inc., Class A | 1.8 |
TOTAL | 23.0 |
Cash and cash equivalents are not included. |
4 | JOHN HANCOCK NEW OPPORTUNITIES FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK NEW OPPORTUNITIES FUND | 5 |
Average annual total returns (%) with maximum sales charge | Cumulative total returns (%) with maximum sales charge | ||||
1-year | 5-year | 10-year | 5-year | 10-year | |
Class A1 | 31.12 | 12.92 | 12.56 | 83.63 | 226.60 |
Class C1 | 36.00 | 13.27 | 12.64 | 86.48 | 228.72 |
Class I1,2 | 38.44 | 14.41 | 13.35 | 96.06 | 250.14 |
Class R21,2 | 38.03 | 14.15 | 13.20 | 93.82 | 245.48 |
Class R41,2 | 38.35 | 14.35 | 13.31 | 95.49 | 248.84 |
Class R61,2 | 38.55 | 14.53 | 13.41 | 97.05 | 252.12 |
Class 12 | 38.47 | 14.48 | 13.37 | 96.65 | 250.76 |
Index† | 35.61 | 16.58 | 14.78 | 115.29 | 297.02 |
Class A | Class C | Class I | Class R2 | Class R4 | Class R6 | Class 1 | |
Gross (%) | 1.26 | 2.01 | 1.01 | 1.40 | 1.25 | 0.90 | 0.94 |
Net (%) | 1.25 | 2.00 | 1.00 | 1.39 | 1.14 | 0.89 | 0.93 |
6 | JOHN HANCOCK NEW OPPORTUNITIES FUND | ANNUAL REPORT |
Start date | With maximum sales charge ($) | Without sales charge ($) | Index ($) | |
Class C1,3 | 8-31-11 | 32,872 | 32,872 | 39,702 |
Class I1,2 | 8-31-11 | 35,014 | 35,014 | 39,702 |
Class R21,2 | 8-31-11 | 34,548 | 34,548 | 39,702 |
Class R41,2 | 8-31-11 | 34,884 | 34,884 | 39,702 |
Class R61,2 | 8-31-11 | 35,212 | 35,212 | 39,702 |
Class 12 | 8-31-11 | 35,076 | 35,076 | 39,702 |
1 | Class A, Class C, Class I, Class R2, Class R4, and Class R6 shares were first offered on 5-27-15. Returns prior to this date are those of Class NAV shares that have not been adjusted for class-specific expenses; otherwise, returns would vary. Class NAV shares ceased operations on 3-13-19. |
2 | For certain types of investors, as described in the fund’s prospectuses. |
3 | The contingent deferred sales charge is not applicable. |
ANNUAL REPORT | JOHN HANCOCK NEW OPPORTUNITIES FUND | 7 |
8 | JOHN HANCOCK NEW OPPORTUNITIES FUND | ANNUAL REPORT |
Account value on 3-1-2021 | Ending value on 8-31-2021 | Expenses paid during period ended 8-31-20211 | Annualized expense ratio | ||
Class A | Actual expenses/actual returns | $1,000.00 | $1,070.30 | $6.16 | 1.18% |
Hypothetical example | 1,000.00 | 1,019.30 | 6.01 | 1.18% | |
Class C | Actual expenses/actual returns | 1,000.00 | 1,066.10 | 10.05 | 1.93% |
Hypothetical example | 1,000.00 | 1,015.50 | 9.80 | 1.93% | |
Class I | Actual expenses/actual returns | 1,000.00 | 1,071.80 | 4.86 | 0.93% |
Hypothetical example | 1,000.00 | 1,020.50 | 4.74 | 0.93% | |
Class R2 | Actual expenses/actual returns | 1,000.00 | 1,069.90 | 6.47 | 1.24% |
Hypothetical example | 1,000.00 | 1,019.00 | 6.31 | 1.24% | |
Class R4 | Actual expenses/actual returns | 1,000.00 | 1,071.20 | 5.22 | 1.00% |
Hypothetical example | 1,000.00 | 1,020.20 | 5.09 | 1.00% | |
Class R6 | Actual expenses/actual returns | 1,000.00 | 1,072.30 | 4.28 | 0.82% |
Hypothetical example | 1,000.00 | 1,021.10 | 4.18 | 0.82% | |
Class 1 | Actual expenses/actual returns | 1,000.00 | 1,072.00 | 4.49 | 0.86% |
Hypothetical example | 1,000.00 | 1,020.90 | 4.38 | 0.86% |
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). |
ANNUAL REPORT | JOHN HANCOCK NEW OPPORTUNITIES FUND | 9 |
Shares | Value | ||||
Common stocks 99.4% | $410,696,184 | ||||
(Cost $255,751,361) | |||||
Consumer discretionary 12.7% | 52,503,439 | ||||
Auto components 3.2% | |||||
Dorman Products, Inc. (A) | 30,339 | 2,847,619 | |||
Fox Factory Holding Corp. (A) | 68,490 | 10,524,858 | |||
Diversified consumer services 1.4% | |||||
Grand Canyon Education, Inc. (A) | 64,978 | 5,792,139 | |||
Hotels, restaurants and leisure 2.5% | |||||
Churchill Downs, Inc. | 26,234 | 5,522,257 | |||
Chuy’s Holdings, Inc. (A) | 148,923 | 4,804,256 | |||
Household durables 0.9% | |||||
TopBuild Corp. (A) | 17,595 | 3,849,610 | |||
Multiline retail 0.7% | |||||
Ollie’s Bargain Outlet Holdings, Inc. (A) | 41,278 | 2,987,702 | |||
Specialty retail 3.2% | |||||
Five Below, Inc. (A) | 31,994 | 6,808,643 | |||
Lithia Motors, Inc. | 19,051 | 6,311,596 | |||
Textiles, apparel and luxury goods 0.8% | |||||
Oxford Industries, Inc. | 33,829 | 3,054,759 | |||
Consumer staples 2.6% | 10,801,514 | ||||
Food and staples retailing 1.7% | |||||
Performance Food Group Company (A) | 92,754 | 4,658,106 | |||
PriceSmart, Inc. | 27,013 | 2,285,570 | |||
Food products 0.9% | |||||
Krispy Kreme, Inc. (A) | 230,870 | 3,857,838 | |||
Energy 1.0% | 4,085,816 | ||||
Oil, gas and consumable fuels 1.0% | |||||
Magnolia Oil & Gas Corp., Class A | 260,575 | 4,085,816 | |||
Financials 6.1% | 25,318,430 | ||||
Banks 3.3% | |||||
Ameris Bancorp | 96,128 | 4,733,343 | |||
Atlantic Union Bankshares Corp. | 69,986 | 2,589,482 | |||
Pinnacle Financial Partners, Inc. | 65,691 | 6,366,772 | |||
Capital markets 2.8% | |||||
Houlihan Lokey, Inc. | 88,897 | 8,018,509 | |||
Stifel Financial Corp. | 52,224 | 3,608,678 | |||
Diversified financial services 0.0% | |||||
NewStar Financial, Inc. (A)(B) | 16,196 | 1,646 |
10 | JOHN HANCOCK NEW OPPORTUNITIES FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Health care 30.3% | $125,308,534 | ||||
Biotechnology 9.8% | |||||
Albireo Pharma, Inc. (A) | 107,510 | 3,284,431 | |||
Arena Pharmaceuticals, Inc. (A) | 53,799 | 2,847,043 | |||
Biohaven Pharmaceutical Holding Company, Ltd. (A) | 39,356 | 5,165,081 | |||
Deciphera Pharmaceuticals, Inc. (A) | 99,250 | 3,126,375 | |||
Emergent BioSolutions, Inc. (A) | 48,488 | 3,058,623 | |||
Halozyme Therapeutics, Inc. (A) | 108,379 | 4,550,834 | |||
Insmed, Inc. (A) | 82,265 | 2,306,711 | |||
Oyster Point Pharma, Inc. (A) | 200,236 | 2,639,110 | |||
Travere Therapeutics, Inc. (A) | 167,511 | 3,656,765 | |||
Veracyte, Inc. (A) | 75,398 | 3,627,398 | |||
Vericel Corp. (A) | 111,425 | 6,035,892 | |||
Health care equipment and supplies 8.4% | |||||
AtriCure, Inc. (A) | 84,610 | 6,228,988 | |||
Cardiovascular Systems, Inc. (A) | 109,576 | 3,921,725 | |||
CryoLife, Inc. (A) | 143,537 | 3,766,411 | |||
CryoPort, Inc. (A) | 75,455 | 4,796,674 | |||
Globus Medical, Inc., Class A (A) | 88,845 | 7,249,752 | |||
ICU Medical, Inc. (A) | 16,918 | 3,372,603 | |||
Integra LifeSciences Holdings Corp. (A) | 71,362 | 5,368,563 | |||
Health care providers and services 6.1% | |||||
Acadia Healthcare Company, Inc. (A) | 95,727 | 6,329,469 | |||
Castle Biosciences, Inc. (A) | 69,240 | 5,312,785 | |||
HealthEquity, Inc. (A) | 71,866 | 4,611,641 | |||
LHC Group, Inc. (A) | 29,218 | 5,456,754 | |||
US Physical Therapy, Inc. | 29,905 | 3,510,847 | |||
Life sciences tools and services 3.4% | |||||
Medpace Holdings, Inc. (A) | 34,863 | 6,357,268 | |||
Syneos Health, Inc. (A) | 83,814 | 7,776,263 | |||
Pharmaceuticals 2.6% | |||||
Phathom Pharmaceuticals, Inc. (A) | 116,185 | 4,135,024 | |||
Supernus Pharmaceuticals, Inc. (A) | 138,179 | 3,804,068 | |||
Zogenix, Inc. (A) | 203,338 | 3,011,436 | |||
Industrials 18.7% | 77,248,928 | ||||
Building products 1.8% | |||||
Gibraltar Industries, Inc. (A) | 80,241 | 5,990,793 | |||
JELD-WEN Holding, Inc. (A) | 53,481 | 1,472,867 | |||
Commercial services and supplies 1.7% | |||||
Ritchie Brothers Auctioneers, Inc. | 113,696 | 7,116,233 | |||
Construction and engineering 0.4% | |||||
Dycom Industries, Inc. (A) | 22,323 | 1,681,592 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK NEW OPPORTUNITIES FUND | 11 |
Shares | Value | ||||
Industrials (continued) | |||||
Electrical equipment 1.8% | |||||
Atkore, Inc. (A) | 62,720 | $5,818,534 | |||
Thermon Group Holdings, Inc. (A) | 99,265 | 1,657,726 | |||
Machinery 7.2% | |||||
Alamo Group, Inc. | 29,447 | 4,564,579 | |||
Helios Technologies, Inc. | 37,939 | 3,096,581 | |||
RBC Bearings, Inc. (A) | 29,717 | 6,880,080 | |||
The Shyft Group, Inc. | 232,780 | 10,244,565 | |||
Woodward, Inc. | 40,819 | 4,936,650 | |||
Professional services 3.4% | |||||
CACI International, Inc., Class A (A) | 14,500 | 3,734,330 | |||
Exponent, Inc. | 59,758 | 6,985,710 | |||
Forrester Research, Inc. (A) | 68,294 | 3,247,380 | |||
Trading companies and distributors 2.4% | |||||
SiteOne Landscape Supply, Inc. (A) | 49,082 | 9,821,308 | |||
Information technology 21.8% | 90,034,139 | ||||
Communications equipment 1.5% | |||||
Viavi Solutions, Inc. (A) | 390,457 | 6,360,545 | |||
Electronic equipment, instruments and components 1.1% | |||||
Rogers Corp. (A) | 21,643 | 4,597,190 | |||
IT services 2.2% | |||||
Endava PLC, ADR (A) | 67,028 | 8,975,049 | |||
Semiconductors and semiconductor equipment 6.0% | |||||
Brooks Automation, Inc. | 79,549 | 6,758,483 | |||
CMC Materials, Inc. | 17,468 | 2,316,606 | |||
Entegris, Inc. | 54,964 | 6,603,375 | |||
MACOM Technology Solutions Holdings, Inc. (A) | 70,994 | 4,310,046 | |||
Silicon Laboratories, Inc. (A) | 30,155 | 4,753,031 | |||
Software 11.0% | |||||
Bottomline Technologies DE, Inc. (A) | 43,777 | 1,850,454 | |||
Cerence, Inc. (A) | 90,496 | 9,813,386 | |||
Paycor HCM, Inc. (A) | 147,919 | 5,465,607 | |||
Paylocity Holding Corp. (A) | 40,593 | 10,927,636 | |||
Rapid7, Inc. (A) | 95,642 | 11,622,416 | |||
The Descartes Systems Group, Inc. (A) | 72,453 | 5,680,315 | |||
Materials 3.8% | 15,709,067 | ||||
Chemicals 3.8% | |||||
Avient Corp. | 129,665 | 6,754,250 | |||
Balchem Corp. | 35,911 | 5,042,623 | |||
Quaker Chemical Corp. | 15,098 | 3,912,194 |
12 | JOHN HANCOCK NEW OPPORTUNITIES FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Real estate 2.4% | $9,686,317 | ||||
Equity real estate investment trusts 2.4% | |||||
Ryman Hospitality Properties, Inc. (A) | 48,604 | 4,037,534 | |||
STAG Industrial, Inc. | 133,699 | 5,648,783 | |||
Yield (%) | Shares | Value | |||
Short-term investments 0.7% | $2,616,662 | ||||
(Cost $2,616,662) | |||||
Short-term funds 0.7% | 2,616,662 | ||||
State Street Institutional Treasury Money Market Fund, Premier Class | 0.0051(C) | 2,616,662 | 2,616,662 |
Total investments (Cost $258,368,023) 100.1% | $413,312,846 | ||||
Other assets and liabilities, net (0.1%) | (262,589) | ||||
Total net assets 100.0% | $413,050,257 |
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) | 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. |
(C) | The rate shown is the annualized seven-day yield as of 8-31-21. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK NEW OPPORTUNITIES FUND | 13 |
Assets | |
Unaffiliated investments, at value (Cost $258,368,023) | $413,312,846 |
Dividends and interest receivable | 86,682 |
Receivable for fund shares sold | 29,609 |
Receivable from affiliates | 9 |
Other assets | 62,391 |
Total assets | 413,491,537 |
Liabilities | |
Due to custodian | 11,283 |
Payable for fund shares repurchased | 219,241 |
Payable to affiliates | |
Accounting and legal services fees | 15,516 |
Transfer agent fees | 35,027 |
Distribution and service fees | 29 |
Trustees’ fees | 104 |
Other liabilities and accrued expenses | 160,080 |
Total liabilities | 441,280 |
Net assets | $413,050,257 |
Net assets consist of | |
Paid-in capital | $235,990,200 |
Total distributable earnings (loss) | 177,060,057 |
Net assets | $413,050,257 |
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 ($346,971,309 ÷ 10,265,199 shares)1 | $33.80 |
Class C ($3,130,422 ÷ 97,551 shares)1 | $32.09 |
Class I ($24,702,562 ÷ 725,560 shares) | $34.05 |
Class R2 ($241,829 ÷ 7,145 shares) | $33.85 |
Class R4 ($81,084 ÷ 2,385 shares) | $34.00 |
Class R6 ($432,186 ÷ 12,667 shares) | $34.12 |
Class 1 ($37,490,865 ÷ 1,090,169 shares) | $34.39 |
Maximum offering price per share | |
Class A (net asset value per share ÷ 95%)2 | $35.58 |
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 New Opportunities Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Investment income | |
Dividends | $1,430,312 |
Less foreign taxes withheld | (15,986) |
Total investment income | 1,414,326 |
Expenses | |
Investment management fees | 2,726,520 |
Distribution and service fees | 848,268 |
Accounting and legal services fees | 55,121 |
Transfer agent fees | 391,488 |
Trustees’ fees | 6,526 |
Custodian fees | 54,364 |
State registration fees | 115,452 |
Printing and postage | 55,989 |
Professional fees | 91,576 |
Other | 29,478 |
Total expenses | 4,374,782 |
Less expense reductions | (32,073) |
Net expenses | 4,342,709 |
Net investment loss | (2,928,383) |
Realized and unrealized gain (loss) | |
Net realized gain (loss) on | |
Unaffiliated investments | 44,758,990 |
44,758,990 | |
Change in net unrealized appreciation (depreciation) of | |
Unaffiliated investments | 76,233,036 |
76,233,036 | |
Net realized and unrealized gain | 120,992,026 |
Increase in net assets from operations | $118,063,643 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK New Opportunities Fund | 15 |
Year ended 8-31-21 | Year ended 8-31-20 | |
Increase (decrease) in net assets | ||
From operations | ||
Net investment loss | $(2,928,383) | $(2,037,020) |
Net realized gain | 44,758,990 | 1,134,565 |
Change in net unrealized appreciation (depreciation) | 76,233,036 | 48,313,193 |
Increase in net assets resulting from operations | 118,063,643 | 47,410,738 |
Distributions to shareholders | ||
From earnings | ||
Class A | (8,674,772) | (8,902,622) |
Class C | (97,689) | (142,651) |
Class I | (462,383) | (342,902) |
Class R11 | — | (13,318) |
Class R2 | (5,823) | (1,716) |
Class R31 | — | (2,771) |
Class R4 | (1,891) | (1,758) |
Class R6 | (7,847) | (4,472) |
Class 1 | (1,005,197) | (1,162,716) |
Total distributions | (10,255,602) | (10,574,926) |
From fund share transactions | (14,016,346) | (38,433,584) |
Total increase (decrease) | 93,791,695 | (1,597,772) |
Net assets | ||
Beginning of year | 319,258,562 | 320,856,334 |
End of year | $413,050,257 | $319,258,562 |
1 | Share class was redesignated during the year. Refer to Note 5 for further details. |
16 | JOHN HANCOCK New Opportunities Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS A SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $25.18 | $22.20 | $31.99 | $27.28 | $24.38 |
Net investment income (loss)1 | (0.24) | (0.16) | 0.02 | 0.01 | 0.01 |
Net realized and unrealized gain (loss) on investments | 9.69 | 3.92 | (5.49) | 6.75 | 2.98 |
Total from investment operations | 9.45 | 3.76 | (5.47) | 6.76 | 2.99 |
Less distributions | |||||
From net investment income | — | — | (0.01) | (0.03) | (0.02) |
From net realized gain | (0.83) | (0.78) | (4.31) | (2.02) | (0.07) |
Total distributions | (0.83) | (0.78) | (4.32) | (2.05) | (0.09) |
Net asset value, end of period | $33.80 | $25.18 | $22.20 | $31.99 | $27.28 |
Total return (%)2,3 | 38.04 | 17.20 | (15.32) | 25.66 | 12.27 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $347 | $272 | $264 | $352 | $297 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 1.20 | 1.26 | 1.42 | 1.40 | 1.42 |
Expenses including reductions | 1.19 | 1.22 | 1.20 | 1.20 | 1.21 |
Net investment income (loss) | (0.81) | (0.72) | 0.08 | 0.02 | 0.05 |
Portfolio turnover (%) | 28 | 25 | 73 | 52 | 41 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
3 | Does not reflect the effect of sales charges, if any. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK New Opportunities Fund | 17 |
CLASS C SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $24.12 | $21.45 | $31.27 | $26.86 | $24.15 |
Net investment loss1 | (0.44) | (0.31) | (0.15) | (0.19) | (0.17) |
Net realized and unrealized gain (loss) on investments | 9.24 | 3.76 | (5.36) | 6.62 | 2.95 |
Total from investment operations | 8.80 | 3.45 | (5.51) | 6.43 | 2.78 |
Less distributions | |||||
From net realized gain | (0.83) | (0.78) | (4.31) | (2.02) | (0.07) |
Net asset value, end of period | $32.09 | $24.12 | $21.45 | $31.27 | $26.86 |
Total return (%)2,3 | 37.00 | 16.33 | (15.90) | 24.76 | 11.52 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $3 | $4 | $4 | $9 | $20 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 1.95 | 2.01 | 2.13 | 2.10 | 2.12 |
Expenses including reductions | 1.94 | 1.97 | 1.91 | 1.90 | 1.91 |
Net investment loss | (1.56) | (1.47) | (0.63) | (0.68) | (0.65) |
Portfolio turnover (%) | 28 | 25 | 73 | 52 | 41 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
3 | Does not reflect the effect of sales charges, if any. |
18 | JOHN HANCOCK New Opportunities Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS I SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $25.29 | $22.24 | $32.07 | $27.33 | $24.41 |
Net investment income (loss)1 | (0.18) | (0.10) | 0.09 | 0.09 | 0.10 |
Net realized and unrealized gain (loss) on investments | 9.77 | 3.93 | (5.51) | 6.78 | 2.98 |
Total from investment operations | 9.59 | 3.83 | (5.42) | 6.87 | 3.08 |
Less distributions | |||||
From net investment income | — | — | (0.10) | (0.11) | (0.09) |
From net realized gain | (0.83) | (0.78) | (4.31) | (2.02) | (0.07) |
Total distributions | (0.83) | (0.78) | (4.41) | (2.13) | (0.16) |
Net asset value, end of period | $34.05 | $25.29 | $22.24 | $32.07 | $27.33 |
Total return (%)2 | 38.44 | 17.49 | (15.08) | 26.06 | 12.61 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $25 | $10 | $10 | $15 | $11 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.95 | 1.01 | 1.14 | 1.11 | 1.11 |
Expenses including reductions | 0.94 | 0.97 | 0.90 | 0.90 | 0.90 |
Net investment income (loss) | (0.57) | (0.46) | 0.38 | 0.32 | 0.38 |
Portfolio turnover (%) | 28 | 25 | 73 | 52 | 41 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK New Opportunities Fund | 19 |
CLASS R2 SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $25.21 | $22.22 | $32.02 | $27.30 | $24.41 |
Net investment income (loss)1 | (0.26) | (0.15) | 0.04 | 0.04 | 0.03 |
Net realized and unrealized gain (loss) on investments | 9.73 | 3.92 | (5.49) | 6.76 | 2.98 |
Total from investment operations | 9.47 | 3.77 | (5.45) | 6.80 | 3.01 |
Less distributions | |||||
From net investment income | — | — | (0.04) | (0.06) | (0.05) |
From net realized gain | (0.83) | (0.78) | (4.31) | (2.02) | (0.07) |
Total distributions | (0.83) | (0.78) | (4.35) | (2.08) | (0.12) |
Net asset value, end of period | $33.85 | $25.21 | $22.22 | $32.02 | $27.30 |
Total return (%)2 | 38.03 | 17.23 | (15.23) | 25.78 | 12.34 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $—3 | $—3 | $—3 | $—3 | $—3 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 1.22 | 1.22 | 1.33 | 1.29 | 1.33 |
Expenses including reductions | 1.21 | 1.18 | 1.11 | 1.09 | 1.12 |
Net investment income (loss) | (0.84) | (0.67) | 0.18 | 0.14 | 0.13 |
Portfolio turnover (%) | 28 | 25 | 73 | 52 | 41 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
3 | Less than $500,000. |
20 | JOHN HANCOCK New Opportunities Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS R4 SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $25.27 | $22.23 | $32.05 | $27.34 | $24.41 |
Net investment income (loss)1 | (0.19) | (0.11) | 0.08 | 0.08 | 0.12 |
Net realized and unrealized gain (loss) on investments | 9.75 | 3.93 | (5.51) | 6.75 | 2.95 |
Total from investment operations | 9.56 | 3.82 | (5.43) | 6.83 | 3.07 |
Less distributions | |||||
From net investment income | — | — | (0.08) | (0.10) | (0.07) |
From net realized gain | (0.83) | (0.78) | (4.31) | (2.02) | (0.07) |
Total distributions | (0.83) | (0.78) | (4.39) | (2.12) | (0.14) |
Net asset value, end of period | $34.00 | $25.27 | $22.23 | $32.05 | $27.34 |
Total return (%)2 | 38.35 | 17.45 | (15.11) | 25.92 | 12.55 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $—3 | $—3 | $—3 | $—3 | $1 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 1.10 | 1.15 | 1.28 | 1.35 | 1.27 |
Expenses including reductions | 1.00 | 1.01 | 0.96 | 0.96 | 0.95 |
Net investment income (loss) | (0.63) | (0.51) | 0.33 | 0.27 | 0.46 |
Portfolio turnover (%) | 28 | 25 | 73 | 52 | 41 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
3 | Less than $500,000. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK New Opportunities Fund | 21 |
CLASS R6 SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $25.32 | $22.24 | $32.07 | $27.34 | $24.40 |
Net investment income (loss)1 | (0.14) | (0.08) | 0.11 | 0.12 | 0.12 |
Net realized and unrealized gain (loss) on investments | 9.77 | 3.94 | (5.51) | 6.77 | 2.99 |
Total from investment operations | 9.63 | 3.86 | (5.40) | 6.89 | 3.11 |
Less distributions | |||||
From net investment income | — | — | (0.12) | (0.14) | (0.10) |
From net realized gain | (0.83) | (0.78) | (4.31) | (2.02) | (0.07) |
Total distributions | (0.83) | (0.78) | (4.43) | (2.16) | (0.17) |
Net asset value, end of period | $34.12 | $25.32 | $22.24 | $32.07 | $27.34 |
Total return (%)2 | 38.55 | 17.62 | (14.99) | 26.16 | 12.73 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $—3 | $—3 | $—3 | $2 | $2 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.84 | 0.90 | 1.03 | 1.00 | 1.02 |
Expenses including reductions | 0.83 | 0.86 | 0.81 | 0.80 | 0.80 |
Net investment income (loss) | (0.46) | (0.36) | 0.45 | 0.42 | 0.46 |
Portfolio turnover (%) | 28 | 25 | 73 | 52 | 41 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
3 | Less than $500,000. |
22 | JOHN HANCOCK New Opportunities Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS 1 SHARES Period ended | 8-31-21 | 8-31-20 | 8-31-19 | 8-31-18 | 8-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $25.53 | $22.42 | $32.29 | $27.51 | $24.56 |
Net investment income (loss)1 | (0.15) | (0.09) | 0.11 | 0.11 | 0.11 |
Net realized and unrealized gain (loss) on investments | 9.84 | 3.98 | (5.56) | 6.82 | 3.01 |
Total from investment operations | 9.69 | 3.89 | (5.45) | 6.93 | 3.12 |
Less distributions | |||||
From net investment income | — | — | (0.11) | (0.13) | (0.10) |
From net realized gain | (0.83) | (0.78) | (4.31) | (2.02) | (0.07) |
Total distributions | (0.83) | (0.78) | (4.42) | (2.15) | (0.17) |
Net asset value, end of period | $34.39 | $25.53 | $22.42 | $32.29 | $27.51 |
Total return (%)2 | 38.47 | 17.62 | (15.04) | 26.10 | 12.71 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $37 | $33 | $42 | $59 | $56 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.88 | 0.94 | 1.06 | 1.04 | 1.05 |
Expenses including reductions | 0.87 | 0.90 | 0.84 | 0.84 | 0.84 |
Net investment income (loss) | (0.50) | (0.39) | 0.44 | 0.38 | 0.43 |
Portfolio turnover (%) | 28 | 25 | 73 | 52 | 41 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK New Opportunities Fund | 23 |
24 | JOHN HANCOCK New Opportunities Fund | ANNUAL REPORT |
Total value at 8-31-21 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
Common stocks | ||||
Consumer discretionary | $52,503,439 | $52,503,439 | — | — |
Consumer staples | 10,801,514 | 10,801,514 | — | — |
Energy | 4,085,816 | 4,085,816 | — | — |
Financials | 25,318,430 | 25,316,784 | — | $1,646 |
Health care | 125,308,534 | 125,308,534 | — | — |
Industrials | 77,248,928 | 77,248,928 | — | — |
Information technology | 90,034,139 | 90,034,139 | — | — |
Materials | 15,709,067 | 15,709,067 | — | — |
Real estate | 9,686,317 | 9,686,317 | — | — |
Short-term investments | 2,616,662 | 2,616,662 | — | — |
Total investments in securities | $413,312,846 | $413,311,200 | — | $1,646 |
ANNUAL REPORT | JOHN HANCOCK New Opportunities Fund | 25 |
August 31, 2021 | August 31, 2020 | |
Long-term capital gains | $10,255,602 | $10,574,926 |
26 | JOHN HANCOCK New Opportunities Fund | ANNUAL REPORT |
Class | Expense reduction |
Class A | $26,939 |
Class C | 282 |
Class I | 1,607 |
Class R1 | 13 |
Class R2 | 17 |
Class | Expense reduction |
Class R3 | $1 |
Class R4 | 6 |
Class R6 | 29 |
Class 1 | 3,108 |
Total | $32,002 |
ANNUAL REPORT | JOHN HANCOCK New Opportunities Fund | 27 |
Class | Rule 12b-1 Fee | Service fee |
Class A | 0.25% | — |
Class C | 1.00% | — |
Class R1 | 0.50% | 0.25% |
Class R2 | 0.25% | 0.25% |
Class R3 | 0.50% | 0.15% |
Class R4 | 0.25% | 0.10% |
Class 1 | 0.05% | — |
28 | JOHN HANCOCK New Opportunities Fund | ANNUAL REPORT |
Class | Distribution and service fees | Transfer agent fees |
Class A | $794,908 | $366,050 |
Class C | 33,541 | 3,861 |
Class I | — | 21,510 |
Class R1 | 445 | 6 |
Class R2 | 751 | 20 |
Class R3 | 51 | 1 |
Class R4 | 186 | 7 |
Class R6 | — | 33 |
Class 1 | 18,386 | — |
Total | $848,268 | $391,488 |
Year Ended 8-31-21 | Year Ended 8-31-20 | |||
Shares | Amount | Shares | Amount | |
Class A shares | ||||
Sold | 219,746 | $6,640,523 | 184,862 | $3,971,741 |
Distributions reinvested | 281,970 | 8,205,155 | 357,663 | 8,383,614 |
Repurchased | (1,029,271) | (30,654,961) | (1,629,114) | (35,567,362) |
Net decrease | (527,555) | $(15,809,283) | (1,086,589) | $(23,212,007) |
Class C shares | ||||
Sold | 9,793 | $281,097 | 14,622 | $297,262 |
Distributions reinvested | 3,516 | 97,688 | 6,174 | 139,358 |
Repurchased | (64,426) | (1,795,418) | (79,309) | (1,677,851) |
Net decrease | (51,117) | $(1,416,633) | (58,513) | $(1,241,231) |
ANNUAL REPORT | JOHN HANCOCK New Opportunities Fund | 29 |
Year Ended 8-31-21 | Year Ended 8-31-20 | |||
Shares | Amount | Shares | Amount | |
Class I shares | ||||
Sold | 483,069 | $14,440,611 | 68,728 | $1,528,769 |
Distributions reinvested | 15,416 | 451,075 | 14,120 | 331,814 |
Repurchased | (164,595) | (5,060,139) | (136,157) | (2,924,634) |
Net increase (decrease) | 333,890 | $9,831,547 | (53,309) | $(1,064,051) |
Class R1 shares | ||||
Sold | 48 | $1,177 | 633 | $12,929 |
Distributions reinvested | — | — | 573 | 13,318 |
Repurchased | (18,104) | (456,139) | (312) | (6,804) |
Net increase (decrease) | (18,056) | $(454,962) | 894 | $19,443 |
Class R2 shares | ||||
Sold | 5,350 | $142,472 | 102 | $2,216 |
Distributions reinvested | 106 | 3,087 | 18 | 422 |
Repurchased | (530) | (16,381) | (156) | (3,366) |
Net increase (decrease) | 4,926 | $129,178 | (36) | $(728) |
Class R3 shares | ||||
Sold | — | — | 562 | $12,936 |
Distributions reinvested | — | — | 63 | 1,473 |
Repurchased | (3,518) | $(91,251) | (764) | (17,454) |
Net decrease | (3,518) | $(91,251) | (139) | $(3,045) |
Class R4 shares | ||||
Sold | 81 | $2,686 | 87 | $1,775 |
Distributions reinvested | 18 | 522 | 20 | 466 |
Repurchased | (70) | (1,839) | (15) | (348) |
Net increase | 29 | $1,369 | 92 | $1,893 |
Class R5 shares1 | ||||
Repurchased | — | — | (1,655) | $(37,673) |
Net decrease | — | — | (1,655) | $(37,673) |
Class R6 shares | ||||
Sold | 4,907 | $147,857 | 6,798 | $155,516 |
Distributions reinvested | 268 | 7,847 | 190 | 4,472 |
Repurchased | (1,415) | (40,044) | (835) | (18,440) |
Net increase | 3,760 | $115,660 | 6,153 | $141,548 |
30 | JOHN HANCOCK New Opportunities Fund | ANNUAL REPORT |
Year Ended 8-31-21 | Year Ended 8-31-20 | |||
Shares | Amount | Shares | Amount | |
Class 1 shares | ||||
Sold | 92,793 | $2,908,166 | 80,115 | $1,727,699 |
Distributions reinvested | 34,028 | 1,005,197 | 49,039 | 1,162,716 |
Repurchased | (334,494) | (10,235,334) | (712,426) | (15,928,148) |
Net decrease | (207,673) | $(6,321,971) | (583,272) | $(13,037,733) |
Total net decrease | (465,314) | $(14,016,346) | (1,776,374) | $(38,433,584) |
1 | Class R5 shares were fully redeemed on 10-29-19. |
Redesignation | Effective date | Amount | |||||
Class R1 shares as Class R2 shares | October 23, 2020 | $32,254 | |||||
Class R3 shares as Class R2 shares | October 9, 2020 | $91,281 |
ANNUAL REPORT | JOHN HANCOCK New Opportunities Fund | 31 |
32 | JOHN HANCOCK NEW OPPORTUNITIES FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK NEW OPPORTUNITIES FUND | 33 |
34 | JOHN HANCOCK NEW OPPORTUNITIES FUND | ANNUAL REPORT |
(a) | the skills and competency with which the Advisor has in the past managed the Trust’s affairs and its subadvisory relationship, the Advisor’s oversight and monitoring of the Subadvisor’s investment performance and compliance programs, such as the Subadvisor’s compliance with fund policies and objectives, review of brokerage matters, including with respect to trade allocation and best execution and the Advisor’s timeliness in responding to performance issues; |
(b) | the background, qualifications and skills of the Advisor’s personnel; |
(c) | the Advisor’s compliance policies and procedures and its responsiveness to regulatory changes and fund industry developments; |
ANNUAL REPORT | JOHN HANCOCK NEW OPPORTUNITIES FUND | 35 |
(d) | the Advisor’s administrative capabilities, including its ability to supervise the other service providers for the fund, as well as the Advisor’s oversight of any securities lending activity, its monitoring of class action litigation and collection of class action settlements on behalf of the fund, and bringing loss recovery actions on behalf of the fund; |
(e) | the financial condition of the Advisor and whether it has the financial wherewithal to provide a high level and quality of services to the fund; |
(f) | the Advisor’s initiatives intended to improve various aspects of the Trust’s operations and investor experience with the fund; and |
(g) | the Advisor’s reputation and experience in serving as an investment advisor to the Trust and the benefit to shareholders of investing in funds that are part of a family of funds offering a variety of investments. |
(a) | reviewed information prepared by management regarding the fund’s performance; |
(b) | considered the comparative performance of an applicable benchmark index; |
(c) | considered the performance of comparable funds, if any, as included in the report prepared by an independent third-party provider of fund data; and |
(d) | took into account the Advisor’s analysis of the fund’s performance and its plans and recommendations regarding the Trust’s subadvisory arrangements generally. |
36 | JOHN HANCOCK NEW OPPORTUNITIES FUND | ANNUAL REPORT |
(a) | reviewed financial information of the Advisor; |
(b) | reviewed and considered information presented by the Advisor regarding the net profitability to the Advisor and its affiliates with respect to the fund; |
(c) | received and reviewed profitability information with respect to the John Hancock Fund Complex as a whole and with respect to the fund; |
(d) | received information with respect to the Advisor’s allocation methodologies used in preparing the profitability data and considered that the Advisor hired an independent third-party consultant to provide an analysis of the Advisor’s allocation methodologies; |
(e) | considered that the John Hancock insurance companies that are affiliates of the Advisor, as shareholders of the Trust directly or through their separate accounts, receive certain tax credits or deductions relating to foreign taxes paid and dividends received by certain funds of the Trust and noted that these tax benefits, which are not available to participants in qualified retirement plans under applicable income tax law, are reflected in the profitability information reviewed by the Board; |
(f) | considered that the Advisor also provides administrative services to the fund on a cost basis pursuant to an administrative services agreement; |
(g) | noted that affiliates of the Advisor provide transfer agency services and distribution services to the fund, and that the fund’s distributor also receives Rule 12b-1 payments to support distribution of the fund; |
(h) | noted that the Advisor also derives reputational and other indirect benefits from providing advisory services to the fund; |
(i) | noted that the subadvisory fee for the fund is paid by the Advisor and is negotiated at arm’s length; |
(j) | considered the Advisor’s ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the fund industry; and |
ANNUAL REPORT | JOHN HANCOCK NEW OPPORTUNITIES FUND | 37 |
(k) | considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it provides to the fund and the risks that it assumes as Advisor, including entrepreneurial, operational, reputational, litigation and regulatory risk. |
(a) | considered that the Advisor has contractually agreed to waive a portion of its management fee for certain funds of the John Hancock Fund Complex, including the fund (the participating portfolios) or otherwise reimburse the expenses of the participating portfolios (the reimbursement). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund; |
(b) | reviewed the fund’s advisory fee structure and concluded that: (i) the fund’s fee structure contains breakpoints at the subadvisory fee level and that such breakpoints are reflected as breakpoints in the advisory fees for the fund; and (ii) although economies of scale cannot be measured with precision, these arrangements permit shareholders of the fund to benefit from economies of scale if the fund grows. The Board also took into account management’s discussion of the fund’s advisory fee structure; and |
(c) | the Board also considered the effect of the fund’s growth in size on its performance and fees. The Board also noted that if the fund’s assets increase over time, the fund may realize other economies of scale. |
(1) | information relating to the Subadvisor’s business, including current subadvisory services to the Trust (and other funds in the John Hancock Fund Complex); |
(2) | the historical and current performance of the fund and comparative performance information relating to an applicable benchmark index and comparable funds; |
(3) | the subadvisory fee for the fund, including any breakpoints, and to the extent available, comparable fee information prepared by an independent third party provider of fund data; and |
(4) | information relating to the nature and scope of any material relationships and their significance to the Trust’s Advisor and Subadvisor. |
38 | JOHN HANCOCK NEW OPPORTUNITIES FUND | ANNUAL REPORT |
(1) | the Subadvisor has extensive experience and demonstrated skills as a manager; |
ANNUAL REPORT | JOHN HANCOCK NEW OPPORTUNITIES FUND | 39 |
(2) | the performance of the fund is being monitored and reasonably addressed, where appropriate; |
(3) | the subadvisory fee is reasonable in relation to the level and quality of services being provided; and |
(4) | noted that the subadvisory fees are paid by the Advisor not the fund and that the subadvisory fee breakpoints are reflected as breakpoints in the advisory fees for the fund in order to permit shareholders to benefit from economies of scale if the fund grows. |
40 | JOHN HANCOCK NEW OPPORTUNITIES FUND | ANNUAL REPORT |
• | The Fund’s investment strategy remained appropriate for an open-end fund structure; |
• | The Fund was able to meet requests for redemption without significant dilution of remaining investors’ interests in the Fund; |
• | The Fund did not report any breaches of the 15% limit on illiquid investments that would require reporting to the Securities and Exchange Commission; |
• | The Fund continued to qualify as a Primarily Highly Liquid Fund under the Liquidity Rule and therefore is not required to establish a HLIM; and |
• | The Chief Compliance Officer’s office performed audit testing of the LRMP which resulted in an assessment that the LRMP’s control environment was deemed to be operating effectively and in compliance with the Board approved procedures. |
ANNUAL REPORT | JOHN HANCOCK NEW OPPORTUNITIES FUND | 41 |
42 | JOHN HANCOCK NEW OPPORTUNITIES FUND | ANNUAL REPORT |
Independent Trustees | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Hassell H. McClellan, Born: 1945 | 2005 | 190 |
Trustee and Chairperson of the Board | ||
Director/Trustee, Virtus Funds (2008-2020); Director, The Barnes Group (2010-2021); Associate Professor, The Wallace E. Carroll School of Management, Boston College (retired 2013). Trustee (since 2005) and Chairperson of the Board (since 2017) of various trusts within the John Hancock Fund Complex. | ||
Charles L. Bardelis,2 Born: 1941 | 2005 | 190 |
Trustee | ||
Director, Island Commuter Corp. (marine transport). Trustee of various trusts within the John Hancock Fund Complex (since 1988). | ||
James R. Boyle, Born: 1959 | 2015 | 190 |
Trustee | ||
Chief Executive Officer, Foresters Financial (since 2018); Chairman and Chief Executive Officer, Zillion Group, Inc. (formerly HealthFleet, Inc.) (healthcare) (2014-2018); Executive Vice President and Chief Executive Officer, U.S. Life Insurance Division of Genworth Financial, Inc. (insurance) (January 2014–July 2014); Senior Executive Vice President, Manulife Financial, President and Chief Executive Officer, John Hancock (1999–2012); Chairman and Director, John Hancock Investment Management LLC, John Hancock Investment Management Distributors LLC, and John Hancock Variable Trust Advisers LLC (2005–2010). Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015). | ||
Peter S. Burgess,2 Born: 1942 | 2005 | 190 |
Trustee | ||
Consultant (financial, accounting, and auditing matters) (since 1999); Certified Public Accountant; Partner, Arthur Andersen (independent public accounting firm) (prior to 1999); Director, Lincoln Educational Services Corporation (2004-2021); Director, Symetra Financial Corporation (2010–2016); Director, PMA Capital Corporation (2004–2010). Trustee of various trusts within the John Hancock Fund Complex (since 2005). | ||
William H. Cunningham, Born: 1944 | 2012 | 190 |
Trustee | ||
Professor, University of Texas, Austin, Texas (since 1971); former Chancellor, University of Texas System and former President of the University of Texas, Austin, Texas; Chairman (since 2009) and Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000); former Director, LIN Television (2009–2014). Trustee of various trusts within the John Hancock Fund Complex (since 1986). | ||
Grace K. Fey, Born: 1946 | 2008 | 190 |
Trustee | ||
Chief Executive Officer, Grace Fey Advisors (since 2007); Director and Executive Vice President, Frontier Capital Management Company (1988–2007); Director, Fiduciary Trust (since 2009). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |
ANNUAL REPORT | JOHN HANCOCK NEW OPPORTUNITIES FUND | 43 |
Independent Trustees (continued) | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Deborah C. Jackson, Born: 1952 | 2012 | 190 |
Trustee | ||
President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Amwell Corporation (since 2020); Board of Directors, Massachusetts Women’s Forum (2018-2020); Board of Directors, National Association of Corporate Directors/New England (2015-2020); Board of Directors, Association of Independent Colleges and Universities of Massachusetts (2014-2017); Chief Executive Officer, American Red Cross of Massachusetts Bay (2002–2011); Board of Directors of Eastern Bank Corporation (since 2001); Board of Directors of Eastern Bank Charitable Foundation (since 2001); Board of Directors of American Student Assistance Corporation (1996–2009); Board of Directors of Boston Stock Exchange (2002–2008); Board of Directors of Harvard Pilgrim Healthcare (health benefits company) (2007–2011). Trustee of various trusts within the John Hancock Fund Complex (since 2008). | ||
Steven R. Pruchansky, Born: 1944 | 2012 | 190 |
Trustee and Vice Chairperson of the Board | ||
Managing Director, Pru Realty (since 2017); Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (2014-2020); Director and President, Greenscapes of Southwest Florida, Inc. (until 2000); Member, Board of Advisors, First American Bank (until 2010); Managing Director, Jon James, LLC (real estate) (since 2000); Partner, Right Funding, LLC (2014-2017); Director, First Signature Bank & Trust Company (until 1991); Director, Mast Realty Trust (until 1994); President, Maxwell Building Corp. (until 1991). Trustee (since 1992), Chairperson of the Board (2011–2012), and Vice Chairperson of the Board (since 2012) of various trusts within the John Hancock Fund Complex. | ||
Frances G. Rathke,2,* Born: 1960 | 2020 | 190 |
Trustee | ||
Board Member, Oatly Group AB (plant-based drink company) (since 2021): Director, Northern New England Energy Corporation (since 2017); Director, Audit Committee Chair and Compensation Committee Member, Green Mountain Power Corporation (since 2016); Director, Treasurer and Finance & Audit Committee Chair, Flynn Center for Performing Arts (since 2016); Director, Audit Committee Chair and Compensation Committee Member, Planet Fitness (since 2016); Director, Citizen Cider, Inc. (high-end hard cider and hard seltzer company) (since 2016); Chief Financial Officer and Treasurer, Keurig Green Mountain, Inc. (2003-retired 2015); Independent Financial Consultant, Frances Rathke Consulting (strategic and financial consulting services) (2001-2003); Chief Financial Officer and Secretary, Ben & Jerry’s Homemade, Inc. (1989-2000, including prior positions); Senior Manager, Coopers & Lybrand, LLC (independent public accounting firm) (1982-1989). Trustee of various trusts within the John Hancock Fund Complex (since 2020). | ||
Gregory A. Russo, Born: 1949 | 2012 | 190 |
Trustee | ||
Director and Audit Committee Chairman (2012-2020), and Member, Audit Committee and Finance Committee (2011-2020), NCH Healthcare System, Inc. (holding company for multi-entity healthcare system); Director and Member (2012-2018) and Finance Committee Chairman (2014-2018), The Moorings, Inc. (nonprofit continuing care community); Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); Vice Chairman, Industrial Markets, KPMG (1998–2002); Chairman and Treasurer, Westchester County, New York, Chamber of Commerce (1986–1992); Director, Treasurer, and Chairman of Audit and Finance Committees, Putnam Hospital Center (1989–1995); Director and Chairman of Fundraising Campaign, United Way of Westchester and Putnam Counties, New York (1990–1995). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |
44 | JOHN HANCOCK NEW OPPORTUNITIES FUND | ANNUAL REPORT |
Non-Independent Trustees3 | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Andrew G. Arnott, Born: 1971 | 2017 | 190 |
President and Non-Independent Trustee | ||
Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (since 2018); Director and Executive Vice President, John Hancock Investment Management LLC (since 2005, including prior positions); Director and Executive Vice President, John Hancock Variable Trust Advisers LLC (since 2006, including prior positions); President, John Hancock Investment Management Distributors LLC (since 2004, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2017). | ||
Marianne Harrison, Born: 1963 | 2018 | 190 |
Non-Independent Trustee | ||
President and CEO, John Hancock (since 2017); President and CEO, Manulife Canadian Division (2013–2017); Member, Board of Directors, Boston Medical Center (since 2021); Member, Board of Directors, CAE Inc. (since 2019); Member, Board of Directors, MA Competitive Partnership Board (since 2018); Member, Board of Directors, American Council of Life Insurers (ACLI) (since 2018); Member, Board of Directors, Communitech, an industry-led innovation center that fosters technology companies in Canada (2017-2019); Member, Board of Directors, Manulife Assurance Canada (2015-2017); Board Member, St. Mary’s General Hospital Foundation (2014-2017); Member, Board of Directors, Manulife Bank of Canada (2013- 2017); Member, Standing Committee of the Canadian Life & Health Assurance Association (2013-2017); Member, Board of Directors, John Hancock USA, John Hancock Life & Health, John Hancock New York (2012–2013). Trustee of various trusts within the John Hancock Fund Complex (since 2018). |
Principal officers who are not Trustees | |
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years | Current Position(s) with the Trust since |
Charles A. Rizzo, Born: 1957 | 2007 |
Chief Financial Officer | |
Vice President, John Hancock Financial Services (since 2008); Senior Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2008); Chief Financial Officer of various trusts within the John Hancock Fund Complex (since 2007). | |
Salvatore Schiavone, Born: 1965 | 2009 |
Treasurer | |
Assistant Vice President, John Hancock Financial Services (since 2007); Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2007); Treasurer of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). | |
Christopher (Kit) Sechler, Born: 1973 | 2018 |
Secretary and Chief Legal Officer | |
Vice President and Deputy Chief Counsel, John Hancock Investment Management (since 2015); Assistant Vice President and Senior Counsel (2009–2015), John Hancock Investment Management; Assistant Secretary of John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2009); Chief Legal Officer and Secretary of various trusts within the John Hancock Fund Complex (since 2009, including prior positions). |
ANNUAL REPORT | JOHN HANCOCK NEW OPPORTUNITIES FUND | 45 |
Principal officers who are not Trustees (continued) | |
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years | Current Position(s) with the Trust since |
Trevor Swanberg, Born: 1979 | 2020 |
Chief Compliance Officer | |
Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2020); Deputy Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2019–2020); Assistant Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2016–2019); Vice President, State Street Global Advisors (2015–2016); Chief Compliance Officer of various trusts within the John Hancock Fund Complex (since 2016, including prior positions). |
1 | Each Trustee holds office until his or her successor is elected and qualified, or until the Trustee’s death, retirement, resignation, or removal. Mr. Boyle has served as Trustee at various times prior to the date listed in the table. |
2 | Member of the Audit Committee. |
3 | The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates. |
* | Appointed as Independent Trustee effective as of September 15, 2020. |
46 | JOHN HANCOCK NEW OPPORTUNITIES FUND | ANNUAL 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
Frances G. Rathke*,1
Gregory A. Russo
President
Chief Financial Officer
Treasurer
Secretary and Chief Legal Officer
Chief Compliance Officer
Daniel L. Miller, 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 |
ANNUAL REPORT | JOHN HANCOCK NEW OPPORTUNITIES FUND | 47 |
GOVERNANCE FUNDS
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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
MF1823035 | 452A 8/21 |
ITEM 2. CODE OF ETHICS.
(a)As of the end of the fiscal year August 31, 2021 the registrant has adopted a code of ethics, as defined in Item 2 of Form N-CSR, that applies to its Chief Executive Officer, Chief Financial Officer and Treasurer (respectively, the principal executive officer, the principal financial officer and the principal accounting officer, the "Covered Officers"). A copy of the code of ethics is filed as an exhibit to this Form N-CSR.
ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.
Peter S. Burgess is the audit committee financial expert and is "independent", pursuant to general instructions on Form N-CSR Item 3.
ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.
(a) Audit fees:
The aggregate fees billed for professional services rendered by the principal accountant for the audits of the registrant's annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements amounted to the following for the fiscal years ended August 31, 2021 and 2020. These fees were billed to the registrant and were approved by the registrant's audit committee:
2021: $624,078
2020: $592,454
(b) Audit-related services
Audit-related fees for assurance and related services by the principal accountant are billed to the registrant or to the registrant's investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser ("control affiliates") that provides ongoing services to the registrant. The nature of the services provided was affiliated service provider internal controls reviews, security counts pursuant to Rule 17f-2 under the Investment Company Act of 1940, and reviews related to supplemental regulatory filings. Amounts billed to the registrant were as follows:
2021: $44,531
2020: $49,256
Amounts billed to control affiliates were $116,000 and $216,467 for the fiscal years ended August 31, 2021 and 2020, respectively.
(c) Tax Fees
The aggregate fees billed for professional services rendered by the principal accountant for tax compliance, tax advice and tax planning ("tax fees") amounted to the following for the fiscal years ended August 31, 2021 and 2020. The nature of the services comprising the tax fees was the review of the registrant's tax returns and tax distribution requirements. These fees were billed to the registrant and were approved by the registrant's audit committee.
2021: $3,914
2020: $1,250
(d) All Other Fees
The nature of the services comprising all other fees is advisory services provided to the investment manager. Other fees amounted to the following for the fiscal years ended August 31,
2021 and 2020:
2021: $1,541
2020: $800
(e)(1) Audit Committee Pre-Approval Policies and Procedures:
The trust's Audit Committee must pre-approve all audit and non-audit services provided by the independent registered public accounting firm (the "Auditor") relating to the operations or financial reporting of the funds. Prior to the commencement of any audit or non-audit services to a fund, the Audit Committee reviews the services to determine whether they are appropriate and permissible under applicable law.
The trust's Audit Committee has adopted policies and procedures to, among other purposes, provide a framework for the Committee's consideration of audit-related and non-audit services by the Auditor. The policies and procedures require that any audit-related and non-audit service provided by the Auditor and any non-audit service provided by the Auditor to a fund service provider that relates directly to the operations and financial reporting of a fund are subject to approval by the Audit Committee before such service is provided. Audit-related services provided by the Auditor that are expected to exceed $25,000 per year/per fund are subject to specific pre- approval by the Audit Committee. Tax services provided by the Auditor that are expected to exceed $30,000 per year/per fund are subject to specific pre-approval by the Audit Committee.
All audit services, as well as the audit-related and non-audit services that are expected to exceed the amounts stated above, must be approved in advance of provision of the service by formal resolution of the Audit Committee. At the regularly scheduled Audit Committee meetings, the Committee reviews a report summarizing the services, including fees, provided by the Auditor.
(e)(2) Services approved pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X:
Audit-Related Fees, Tax Fees and All Other Fees:
There were no amounts that were approved by the Audit Committee pursuant to the de minimis exception under Rule 2-01 of Regulation S-X.
(f)According to the registrant's principal accountant for the fiscal year ended August 31, 2021, the percentage of hours spent on the audit of the registrant's financial statements for the most recent fiscal year that were attributed to work performed by persons who were not full-time, permanent employees of principal accountant was less than 50%.
(g)The aggregate non-audit fees billed by the registrant's principal accountant for non-audit services rendered to the registrant and rendered to the registrant's control affiliates were $1,071,823 for the fiscal year ended August 31, 2021 and $1,271,544 for the fiscal year ended August 31, 2020.
(h)The audit committee of the registrant has considered the non-audit services provided by the registrant's principal accountant to the control affiliates and has determined that the services that were not pre-approved are compatible with maintaining the principal accountant's independence.
ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS
The registrant has a separately-designated standing audit committee comprised of independent trustees. The members of the audit committee are as follows:
Peter S. Burgess - Chairman
Charles L. Bardelis
Frances G. Rathke
ITEM 6. SCHEDULE OF INVESTMENTS.
(a)This schedule is included as part of the Report to shareholders filed under Item 1 of this form, except for John Hancock Emerging Markets Fund and John Hancock International Small Company Fund which follow:
Report of Independent Registered Public Accounting Firm
To the Board of Trustees of John Hancock Funds II and Shareholders of John Hancock Emerging Markets Fund
Opinion on the Financial Statements
We have audited the accompanying statement of assets and liabilities, including the fund's investments (summary of fund's investments), of John Hancock Emerging Markets Fund (one of the funds constituting John Hancock Funds II, referred to hereafter as the "Fund") as of August 31, 2021, the related statement of operations for the year ended August 31, 2021, the statements of changes in net assets for each of the two years in the period ended August 31, 2021, including the related notes, and the financial highlights for each of the five years in the period ended August 31, 2021 (included in Item 1 of this Form N-CSR) and the fund's investments (included in Item 6 of this Form N-CSR) as of August 31, 2021 (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of August 31, 2021, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period ended August 31, 2021 and the financial highlights for each of the five years in the period ended August 31, 2021 in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
These financial statements are the responsibility of the Fund's management. Our responsibility is to express an opinion on the Fund's financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of August 31, 2021 by correspondence with the custodian, transfer agent and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.
PricewaterhouseCoopers LLP
Boston, Massachusetts
October 12, 2021
We have served as the auditor of one or more investment companies in the John Hancock group of Funds since 1988.
PricewaterhouseCoopers LLP, 101 Seaport Boulevard, Suite 500, Boston, MA 02210 T: (617) 530 5000, F: (617) 530 5001, www.pwc.com/us
Shares | Value | ||||
Common stocks 97.9% | $193,249,545 | ||||
(Cost $136,890,283) | |||||
Australia 0.0% | 53,944 | ||||
MMG, Ltd. (A) | 112,000 | 53,944 | |||
Belgium 0.0% | 24,441 | ||||
Titan Cement International SA (A) | 1,302 | 24,441 | |||
Brazil 3.9% | 7,670,969 | ||||
AES Brasil Energia SA | 5,498 | 16,183 | |||
Aliansce Sonae Shopping Centers SA | 3,800 | 18,446 | |||
Alliar Medicos A Frente SA (A) | 3,900 | 9,549 | |||
Alupar Investimento SA | 7,050 | 34,536 | |||
Ambev SA, ADR | 62,009 | 202,149 | |||
Americanas SA (A) | 2,435 | 19,476 | |||
Atacadao SA | 7,500 | 26,326 | |||
B3 SA - Brasil Bolsa Balcao | 90,234 | 245,531 | |||
Banco Bradesco SA | 18,309 | 70,604 | |||
Banco BTG Pactual SA | 15,408 | 84,209 | |||
Banco do Brasil SA | 12,537 | 73,780 | |||
Banco Inter SA | 3,711 | 17,023 | |||
Banco Santander Brasil SA | 3,800 | 30,822 | |||
BB Seguridade Participacoes SA | 8,229 | 30,333 | |||
BR Malls Participacoes SA (A) | 28,804 | 50,302 | |||
BR Properties SA | 8,524 | 13,798 | |||
BrasilAgro - Company Brasileira de Propriedades Agricolas | 2,247 | 12,124 | |||
Braskem SA, ADR (A) | 2,571 | 65,226 | |||
BRF SA (A) | 18,790 | 85,105 | |||
Camil Alimentos SA | 11,340 | 20,834 | |||
CCR SA | 34,669 | 82,133 | |||
Centrais Eletricas Brasileiras SA | 5,600 | 40,753 | |||
Cia Brasileira de Distribuicao | 8,517 | 46,663 | |||
Cia de Locacao das Americas | 18,348 | 88,426 | |||
Cia de Saneamento Basico do Estado de Sao Paulo | 8,299 | 57,988 | |||
Cia de Saneamento de Minas Gerais-COPASA | 4,505 | 12,162 | |||
Cia de Saneamento do Parana | 3,000 | 2,158 | |||
Cia de Saneamento do Parana, Unit | 8,545 | 32,026 | |||
Cia Energetica de Minas Gerais | 8,594 | 27,740 | |||
Cia Hering | 4,235 | 30,492 | |||
Cia Paranaense de Energia | 3,200 | 20,596 | |||
Cia Siderurgica Nacional SA | 20,797 | 140,207 | |||
Cielo SA | 36,815 | 20,434 | |||
Cogna Educacao (A) | 79,561 | 49,391 | |||
Construtora Tenda SA | 3,166 | 12,368 |
1 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Brazil (continued) | |||||
Cosan SA | 6,572 | $28,025 | |||
Cyrela Brazil Realty SA Empreendimentos e Participacoes | 7,530 | 29,445 | |||
Cyrela Commercial Properties SA Empreendimentos e Participacoes | 2,100 | 4,069 | |||
Dexco SA | 9,610 | 38,304 | |||
EcoRodovias Infraestrutura e Logistica SA (A) | 9,993 | 19,036 | |||
EDP - Energias do Brasil SA | 10,367 | 36,971 | |||
Embraer SA (A) | 46,700 | 211,517 | |||
Enauta Participacoes SA | 7,100 | 18,825 | |||
Energisa SA | 7,068 | 60,650 | |||
Eneva SA (A) | 23,400 | 70,913 | |||
Engie Brasil Energia SA | 6,293 | 45,699 | |||
Equatorial Energia SA | 23,281 | 114,586 | |||
Even Construtora e Incorporadora SA | 7,057 | 11,423 | |||
Ez Tec Empreendimentos e Participacoes SA | 2,411 | 12,496 | |||
Fleury SA | 4,465 | 20,430 | |||
Grendene SA | 9,503 | 19,646 | |||
Guararapes Confeccoes SA | 5,552 | 16,546 | |||
Hypera SA | 7,232 | 49,749 | |||
International Meal Company Alimentacao SA (A) | 20,154 | 14,265 | |||
IRB Brasil Resseguros S/A (A) | 27,087 | 27,973 | |||
Itau Unibanco Holding SA | 3,951 | 21,876 | |||
JBS SA | 32,422 | 195,442 | |||
JHSF Participacoes SA | 17,839 | 22,804 | |||
Klabin SA (A) | 25,118 | 127,805 | |||
Light SA | 11,300 | 30,267 | |||
Localiza Rent a Car SA | 9,232 | 99,019 | |||
LOG Commercial Properties e Participacoes SA | 4,489 | 24,464 | |||
Lojas Americanas SA | 4,871 | 5,483 | |||
Lojas Renner SA | 17,954 | 132,152 | |||
M Dias Branco SA | 2,200 | 13,457 | |||
Magazine Luiza SA | 23,965 | 84,537 | |||
Marisa Lojas SA (A) | 6,873 | 8,840 | |||
MRV Engenharia e Participacoes SA | 13,204 | 34,958 | |||
Multiplan Empreendimentos Imobiliarios SA | 8,400 | 34,277 | |||
Natura & Company Holding SA (A) | 11,664 | 116,441 | |||
Notre Dame Intermedica Participacoes SA | 4,920 | 76,063 | |||
Odontoprev SA | 8,109 | 19,681 | |||
Omega Geracao SA (A) | 3,124 | 20,022 | |||
Petrobras Distribuidora SA | 17,145 | 90,155 | |||
Petroleo Brasileiro SA | 106,544 | 575,290 | |||
Porto Seguro SA | 6,084 | 67,267 | |||
Portobello SA | 64 | 180 | |||
Profarma Distribuidora de Produtos Farmaceuticos SA (A) | 1,556 | 1,787 | |||
Qualicorp Consultoria e Corretora de Seguros SA | 8,857 | 36,604 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 2 |
Shares | Value | ||||
Brazil (continued) | |||||
Raia Drogasil SA | 14,740 | $72,862 | |||
Rumo SA (A) | 42,591 | 154,193 | |||
Sao Martinho SA | 9,885 | 61,442 | |||
Sendas Distribuidora SA | 24,785 | 80,575 | |||
Ser Educacional SA (B) | 3,448 | 8,655 | |||
SIMPAR SA | 1,600 | 4,595 | |||
SLC Agricola SA | 4,752 | 37,440 | |||
Sul America SA | 10,873 | 61,716 | |||
Suzano SA (A) | 14,026 | 165,465 | |||
Tecnisa SA (A) | 4,240 | 4,772 | |||
Telefonica Brasil SA | 7,999 | 67,648 | |||
TIM SA | 30,300 | 73,013 | |||
TOTVS SA | 11,500 | 88,071 | |||
Transmissora Alianca de Energia Eletrica SA | 13,511 | 99,057 | |||
Tupy SA | 4,722 | 20,346 | |||
Ultrapar Participacoes SA | 20,753 | 57,955 | |||
Vale SA | 100,670 | 1,921,195 | |||
Vulcabras Azaleia SA (A) | 965 | 1,764 | |||
WEG SA | 25,964 | 178,556 | |||
YDUQS Participacoes SA | 6,530 | 32,317 | |||
Canada 0.0% | 83,426 | ||||
Atlas Corp. | 5,558 | 83,426 | |||
Chile 0.6% | 1,224,728 | ||||
AES Andes SA | 189,458 | 25,242 | |||
Aguas Andinas SA, Class A | 72,703 | 16,266 | |||
Banco de Chile | 146,860 | 14,351 | |||
Banco de Chile, ADR | 1,901 | 37,146 | |||
Banco de Credito e Inversiones SA | 806 | 34,914 | |||
Banco Santander Chile | 1,033,736 | 54,623 | |||
Besalco SA | 30,504 | 11,037 | |||
CAP SA | 3,915 | 55,651 | |||
Cementos BIO BIO SA | 2,795 | 2,705 | |||
Cencosud SA | 27,055 | 51,044 | |||
Cencosud Shopping SA | 10,584 | 15,045 | |||
Cia Sud Americana de Vapores SA | 460,968 | 34,550 | |||
Colbun SA | 184,862 | 30,599 | |||
Cristalerias de Chile SA | 40,829 | 145,621 | |||
Empresa Nacional de Telecomunicaciones SA | 7,933 | 38,648 | |||
Empresas CMPC SA | 15,788 | 35,071 | |||
Empresas COPEC SA | 3,510 | 32,653 | |||
Enel Americas SA | 662,324 | 93,069 | |||
Enel Chile SA, ADR | 14,511 | 38,019 | |||
Engie Energia Chile SA | 23,657 | 16,361 |
3 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Chile (continued) | |||||
Falabella SA | 6,902 | $27,337 | |||
Forus SA | 5,056 | 9,441 | |||
Grupo Security SA | 64,841 | 11,605 | |||
Inversiones Aguas Metropolitanas SA | 29,967 | 18,060 | |||
Inversiones La Construccion SA | 2,123 | 10,055 | |||
Itau CorpBanca Chile SA (A) | 5,398,734 | 14,720 | |||
Latam Airlines Group SA (A) | 6,596 | 15,615 | |||
Molibdenos y Metales SA | 7,542 | 34,111 | |||
Multiexport Foods SA (A) | 12,750 | 4,943 | |||
Parque Arauco SA (A) | 17,834 | 21,433 | |||
PAZ Corp. SA | 60,171 | 33,447 | |||
Plaza SA | 6,102 | 7,712 | |||
Ripley Corp. SA (A) | 79,393 | 17,923 | |||
Salfacorp SA | 20,240 | 10,073 | |||
Sigdo Koppers SA | 64,066 | 68,714 | |||
SMU SA | 80,372 | 8,839 | |||
Sociedad Matriz SAAM SA | 389,760 | 25,652 | |||
Socovesa SA | 306,550 | 60,609 | |||
SONDA SA (A) | 29,383 | 15,739 | |||
Vina Concha y Toro SA | 15,327 | 26,085 | |||
China 23.9% | 47,257,350 | ||||
21Vianet Group, Inc., ADR (A) | 1,200 | 23,748 | |||
361 Degrees International, Ltd. (A) | 46,000 | 21,957 | |||
3SBio, Inc. (A)(B) | 76,000 | 84,666 | |||
51job, Inc., ADR (A) | 755 | 57,984 | |||
AAC Technologies Holdings, Inc. | 40,500 | 224,518 | |||
Agile Group Holdings, Ltd. | 59,250 | 67,947 | |||
Agricultural Bank of China, Ltd., H Shares | 918,000 | 307,748 | |||
Air China, Ltd., H Shares (A) | 60,000 | 40,240 | |||
Airtac International Group | 1,736 | 52,843 | |||
AK Medical Holdings, Ltd. (B)(C) | 14,000 | 14,392 | |||
Alibaba Group Holding, Ltd. (A) | 77,300 | 1,618,631 | |||
Alibaba Group Holding, Ltd., ADR (A) | 17,741 | 2,962,570 | |||
A-Living Smart City Services Company, Ltd. (B) | 22,000 | 87,436 | |||
Aluminum Corp. of China, Ltd., H Shares (A) | 202,000 | 146,581 | |||
Angang Steel Company, Ltd., H Shares | 70,200 | 53,632 | |||
Anhui Conch Cement Company, Ltd., H Shares | 52,000 | 281,352 | |||
Anhui Expressway Company, Ltd., H Shares | 20,000 | 12,246 | |||
ANTA Sports Products, Ltd. | 21,000 | 431,358 | |||
Anton Oilfield Services Group (A) | 144,000 | 8,189 | |||
Aowei Holdings, Ltd. (A)(D) | 9,116,006 | 745,468 | |||
Asia Cement China Holdings Corp. | 36,500 | 26,902 | |||
AsiaInfo Technologies, Ltd. (B) | 14,800 | 24,302 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 4 |
Shares | Value | ||||
China (continued) | |||||
AviChina Industry & Technology Company, Ltd., H Shares | 143,000 | $119,656 | |||
BAIC Motor Corp., Ltd., H Shares (B) | 84,000 | 30,665 | |||
Baidu, Inc., ADR (A) | 2,984 | 468,548 | |||
Baidu, Inc., Class A (A) | 2,600 | 51,281 | |||
BAIOO Family Interactive, Ltd. (B) | 78,000 | 8,396 | |||
Bank of China, Ltd., H Shares | 1,814,075 | 635,713 | |||
Bank of Chongqing Company, Ltd., H Shares | 37,000 | 21,536 | |||
Bank of Communications Company, Ltd., H Shares | 204,858 | 117,651 | |||
Bank of Zhengzhou Company, Ltd., H Shares (A)(B) | 66,000 | 15,622 | |||
Baozun, Inc., ADR (A) | 1,783 | 42,935 | |||
BBMG Corp., H Shares (C) | 115,500 | 20,765 | |||
BeiGene, Ltd. (A)(C) | 8,200 | 194,321 | |||
Beijing Capital International Airport Company, Ltd., H Shares (A) | 82,415 | 49,614 | |||
Beijing Capital Land, Ltd., H Shares (A) | 127,000 | 44,860 | |||
Beijing Chunlizhengda Medical Instruments Company, Ltd., H Shares (A)(C) | 7,250 | 18,249 | |||
Beijing Jingneng Clean Energy Company, Ltd., H Shares | 50,000 | 12,856 | |||
Beijing North Star Company, Ltd., H Shares | 40,000 | 6,843 | |||
BEST, Inc., ADR (A)(C) | 10,734 | 13,954 | |||
Bilibili, Inc. (A) | 840 | 66,919 | |||
Billion Industrial Holdings, Ltd. (A)(D) | 12,000 | 7,318 | |||
BYD Company, Ltd., H Shares | 14,000 | 470,668 | |||
BYD Electronic International Company, Ltd. | 30,483 | 139,441 | |||
C&D Property Management Group Company, Ltd. (A) | 21,000 | 11,452 | |||
CanSino Biologics, Inc., H Shares (A)(B)(C) | 600 | 23,711 | |||
Central China Management Company, Ltd. | 54,538 | 12,052 | |||
Central China Real Estate, Ltd. | 54,538 | 13,302 | |||
Central China Securities Company, Ltd., H Shares | 53,000 | 9,867 | |||
CGN Power Company, Ltd., H Shares (B) | 204,000 | 45,100 | |||
Chaowei Power Holdings, Ltd. | 37,000 | 11,463 | |||
Cheetah Mobile, Inc., ADR (A) | 1,459 | 2,962 | |||
China Animal Healthcare, Ltd. (A)(D) | 182,000 | 234 | |||
China Aoyuan Group, Ltd. | 73,000 | 43,645 | |||
China BlueChemical, Ltd., H Shares | 101,000 | 31,297 | |||
China Cinda Asset Management Company, Ltd., H Shares | 384,000 | 68,106 | |||
China CITIC Bank Corp., Ltd., H Shares | 239,962 | 110,317 | |||
China Coal Energy Company, Ltd., H Shares | 89,000 | 63,479 | |||
China Communications Services Corp., Ltd., H Shares | 109,200 | 58,029 | |||
China Conch Venture Holdings, Ltd. | 51,000 | 208,734 | |||
China Construction Bank Corp., H Shares | 3,086,000 | 2,223,642 | |||
China Datang Corp. Renewable Power Company, Ltd., H Shares | 108,000 | 31,385 | |||
China Development Bank Financial Leasing Company, Ltd., H Shares (B) | 72,000 | 9,999 | |||
China Dili Group (A) | 120,400 | 31,981 |
5 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
China (continued) | |||||
China Dongxiang Group Company, Ltd. | 152,000 | $17,972 | |||
China Eastern Airlines Corp., Ltd., ADR (A) | 1,460 | 27,813 | |||
China Eastern Airlines Corp., Ltd., H Shares (A) | 36,000 | 13,787 | |||
China Electronics Optics Valley Union Holding Company, Ltd. | 184,000 | 10,896 | |||
China Energy Engineering Corp., Ltd., H Shares | 172,000 | 24,311 | |||
China Everbright Bank Company, Ltd., H Shares | 96,000 | 34,409 | |||
China Evergrande Group (C) | 68,566 | 38,477 | |||
China Feihe, Ltd. (B) | 41,000 | 74,088 | |||
China Galaxy Securities Company, Ltd., H Shares | 120,500 | 67,644 | |||
China Hanking Holdings, Ltd. | 54,000 | 10,202 | |||
China Harmony Auto Holding, Ltd. | 30,500 | 17,187 | |||
China Hongqiao Group, Ltd. | 88,500 | 131,265 | |||
China Huarong Asset Management Company, Ltd., H Shares (A)(B)(D) | 733,000 | 48,066 | |||
China Huiyuan Juice Group, Ltd. (A)(D) | 141,000 | 9,155 | |||
China International Capital Corp., Ltd., H Shares (B) | 42,800 | 99,522 | |||
China International Marine Containers Group Company, Ltd., H Shares | 23,220 | 50,792 | |||
China Isotope & Radiation Corp. (C) | 3,200 | 9,956 | |||
China Kepei Education Group, Ltd. | 28,000 | 16,593 | |||
China Lesso Group Holdings, Ltd. | 62,000 | 132,701 | |||
China Life Insurance Company, Ltd., H Shares | 128,000 | 214,624 | |||
China Lilang, Ltd. | 25,000 | 15,599 | |||
China Literature, Ltd. (A)(B)(C) | 6,200 | 52,151 | |||
China Logistics Property Holdings Company, Ltd. (A)(B) | 21,000 | 10,820 | |||
China Longyuan Power Group Corp., Ltd., H Shares | 93,000 | 189,548 | |||
China Maple Leaf Educational Systems, Ltd. (A) | 56,000 | 11,292 | |||
China Medical System Holdings, Ltd. | 65,800 | 129,150 | |||
China Meidong Auto Holdings, Ltd. | 26,000 | 130,412 | |||
China Merchants Bank Company, Ltd., H Shares | 128,961 | 1,063,620 | |||
China Merchants Securities Company, Ltd., H Shares (B) | 10,540 | 15,945 | |||
China Minsheng Banking Corp., Ltd., H Shares (C) | 94,840 | 39,608 | |||
China Modern Dairy Holdings, Ltd. (C) | 167,000 | 33,454 | |||
China Molybdenum Company, Ltd., H Shares | 114,000 | 88,939 | |||
China National Building Material Company, Ltd., H Shares | 188,600 | 257,552 | |||
China New Higher Education Group, Ltd. (B) | 42,000 | 22,591 | |||
China Oilfield Services, Ltd., H Shares | 104,000 | 90,339 | |||
China Oriental Group Company, Ltd. | 84,000 | 31,040 | |||
China Pacific Insurance Group Company, Ltd., H Shares | 99,400 | 280,146 | |||
China Petroleum & Chemical Corp., H Shares | 448,000 | 215,550 | |||
China Railway Group, Ltd., H Shares | 169,000 | 80,938 | |||
China Railway Signal & Communication Corp., Ltd., H Shares (B) | 76,000 | 27,509 | |||
China Reinsurance Group Corp., H Shares | 156,000 | 16,232 | |||
China Resources Medical Holdings Company, Ltd. | 33,500 | 29,519 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 6 |
Shares | Value | ||||
China (continued) | |||||
China Resources Pharmaceutical Group, Ltd. (B) | 75,500 | $39,264 | |||
China Sanjiang Fine Chemicals Company, Ltd. | 41,000 | 16,367 | |||
China SCE Group Holdings, Ltd. | 98,000 | 39,249 | |||
China Shenhua Energy Company, Ltd., H Shares | 121,000 | 267,568 | |||
China Shineway Pharmaceutical Group, Ltd. | 17,000 | 18,383 | |||
China Southern Airlines Company, Ltd., H Shares (A) | 34,000 | 19,775 | |||
China Suntien Green Energy Corp., Ltd., H Shares | 88,000 | 55,742 | |||
China Taifeng Beddings Holdings, Ltd. (A)(D) | 46,000 | 2,874 | |||
China Tianrui Group Cement Company, Ltd. (A)(C) | 25,000 | 19,262 | |||
China Tower Corp., Ltd., H Shares (B) | 1,212,000 | 158,974 | |||
China Vanke Company, Ltd., H Shares | 62,781 | 169,393 | |||
China XLX Fertiliser, Ltd. | 50,000 | 37,099 | |||
China Yongda Automobiles Services Holdings, Ltd. | 52,000 | 87,131 | |||
China Yuhua Education Corp., Ltd. (B) | 28,000 | 14,962 | |||
China ZhengTong Auto Services Holdings, Ltd. (A)(C) | 72,500 | 11,623 | |||
China Zhongwang Holdings, Ltd. (A) | 54,200 | 11,762 | |||
Chinasoft International, Ltd. (A) | 124,000 | 210,177 | |||
Chlitina Holding, Ltd. | 2,000 | 14,354 | |||
Chongqing Rural Commercial Bank Company, Ltd., H Shares | 152,000 | 58,147 | |||
CIFI Holdings Group Company, Ltd. | 176,645 | 118,745 | |||
CITIC Securities Company, Ltd., H Shares | 40,500 | 102,577 | |||
CITIC, Ltd. | 96,923 | 120,420 | |||
COFCO Joycome Foods, Ltd. | 75,000 | 22,174 | |||
Cogobuy Group (A)(B) | 44,000 | 16,712 | |||
Colour Life Services Group Company, Ltd. (A)(C) | 40,102 | 13,829 | |||
Consun Pharmaceutical Group, Ltd. | 29,000 | 13,644 | |||
COSCO SHIPPING Development Company, Ltd., H Shares | 181,000 | 38,131 | |||
COSCO SHIPPING Energy Transportation Company, Ltd., H Shares | 84,000 | 32,759 | |||
COSCO SHIPPING Holdings Company, Ltd., H Shares (A)(C) | 112,450 | 212,237 | |||
Country Garden Holdings Company, Ltd. | 275,218 | 304,199 | |||
Country Garden Services Holdings Company, Ltd. | 29,642 | 226,190 | |||
CPMC Holdings, Ltd. | 27,000 | 16,147 | |||
CSC Financial Company, Ltd., H Shares (B) | 31,000 | 33,916 | |||
CSPC Pharmaceutical Group, Ltd. | 363,680 | 461,365 | |||
CT Environmental Group, Ltd. (A)(D) | 154,000 | 6,059 | |||
DaFa Properties Group, Ltd. (C) | 13,000 | 11,204 | |||
Dali Foods Group Company, Ltd. (B) | 117,000 | 65,535 | |||
Datang International Power Generation Company, Ltd., H Shares | 132,000 | 22,721 | |||
Dexin China Holdings Company, Ltd. (A) | 60,000 | 21,918 | |||
Differ Group Holding Company, Ltd. (A) | 146,000 | 50,553 | |||
Dongfang Electric Corp., Ltd., H Shares | 18,600 | 25,460 | |||
Dongfeng Motor Group Company, Ltd., H Shares | 126,000 | 137,969 | |||
Dongyue Group, Ltd. | 56,000 | 192,629 | |||
DouYu International Holdings, Ltd., ADR (A) | 3,157 | 13,512 |
7 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
China (continued) | |||||
Dynagreen Environmental Protection Group Company, Ltd., H Shares | 26,000 | $12,376 | |||
ENN Energy Holdings, Ltd. | 18,400 | 364,093 | |||
Everbright Securities Company, Ltd., H Shares (B)(C) | 9,800 | 7,798 | |||
Fang Holdings, Ltd., ADR (A) | 234 | 1,778 | |||
Fanhua, Inc., ADR | 1,300 | 18,616 | |||
Flat Glass Group Company, Ltd., H Shares | 9,000 | 52,604 | |||
Fosun International, Ltd. | 71,693 | 90,684 | |||
Fu Shou Yuan International Group, Ltd. | 53,000 | 47,807 | |||
Fufeng Group, Ltd. (A) | 120,000 | 45,741 | |||
Fuguiniao Company, Ltd., H Shares (A)(D) | 116,600 | 5,817 | |||
Fuyao Glass Industry Group Company, Ltd., H Shares (B) | 18,000 | 110,769 | |||
Ganfeng Lithium Company, Ltd., H Shares (B) | 1,000 | 23,040 | |||
GDS Holdings, Ltd., ADR (A) | 1,617 | 94,562 | |||
Genertec Universal Medical Group Company, Ltd. (B) | 51,500 | 41,899 | |||
GF Securities Company, Ltd., H Shares | 45,600 | 81,033 | |||
Golden Eagle Retail Group, Ltd. | 26,000 | 22,934 | |||
GOME Retail Holdings, Ltd. (A) | 247,000 | 26,688 | |||
Grand Baoxin Auto Group, Ltd. (A) | 48,950 | 7,063 | |||
Great Wall Motor Company, Ltd., H Shares | 67,500 | 311,332 | |||
Greatview Aseptic Packaging Company, Ltd. | 54,000 | 22,210 | |||
Greenland Hong Kong Holdings, Ltd. | 76,250 | 21,160 | |||
Greentown China Holdings, Ltd. (C) | 54,000 | 82,834 | |||
Greentown Service Group Company, Ltd. | 56,000 | 59,886 | |||
Guangshen Railway Company, Ltd., ADR (A) | 7,024 | 63,216 | |||
Guangzhou Automobile Group Company, Ltd., H Shares | 90,000 | 90,614 | |||
Guangzhou Baiyunshan Pharmaceutical Holdings Company, Ltd., H Shares | 12,000 | 30,628 | |||
Guangzhou R&F Properties Company, Ltd., H Shares | 96,199 | 82,020 | |||
Guorui Properties, Ltd. (A) | 53,000 | 2,246 | |||
Guotai Junan Securities Company, Ltd., H Shares (B) | 9,000 | 12,578 | |||
Haichang Ocean Park Holdings, Ltd. (A)(B) | 86,000 | 14,594 | |||
Haier Smart Home Company, Ltd., H Shares | 55,400 | 208,692 | |||
Hailiang Education Group, Inc., ADR (A) | 767 | 27,604 | |||
Hainan Meilan International Airport Company, Ltd., H Shares (A) | 7,000 | 22,049 | |||
Haitian International Holdings, Ltd. | 30,000 | 114,707 | |||
Haitong Securities Company, Ltd., H Shares | 60,000 | 55,436 | |||
Harbin Bank Company, Ltd., H Shares (A)(B) | 190,000 | 20,958 | |||
Harbin Electric Company, Ltd., H Shares (A) | 44,000 | 14,471 | |||
Harmonicare Medical Holdings, Ltd. (A)(B)(D) | 44,000 | 6,925 | |||
HC Group, Inc. (A) | 53,500 | 5,760 | |||
Hebei Construction Group Corp., Ltd., H Shares (C) | 6,500 | 1,987 | |||
Hello Group, Inc., ADR | 9,177 | 120,586 | |||
Hengan International Group Company, Ltd. | 37,000 | 214,270 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 8 |
Shares | Value | ||||
China (continued) | |||||
Hisense Home Appliances Group Company, Ltd., H Shares | 19,000 | $22,306 | |||
Honghua Group, Ltd. (A) | 191,000 | 5,199 | |||
Honworld Group, Ltd. (A)(B)(D) | 20,500 | 7,283 | |||
Hope Education Group Company, Ltd. (B) | 88,000 | 14,960 | |||
HOSA International, Ltd. (A)(D) | 86,000 | 2,084 | |||
Hua Hong Semiconductor, Ltd. (A)(B) | 14,000 | 82,394 | |||
Huadian Power International Corp., Ltd., H Shares | 84,000 | 28,506 | |||
Huaneng Power International, Inc., H Shares | 98,000 | 47,404 | |||
Huatai Securities Company, Ltd., H Shares (B) | 25,800 | 37,008 | |||
Huazhu Group, Ltd., ADR (A) | 1,981 | 95,662 | |||
Huishang Bank Corp., Ltd., H Shares (A) | 40,200 | 13,534 | |||
HUYA, Inc., ADR (A) | 1,323 | 14,143 | |||
iDreamSky Technology Holdings, Ltd. (A)(B) | 24,800 | 15,039 | |||
Industrial & Commercial Bank of China, Ltd., H Shares | 1,996,000 | 1,111,522 | |||
Inner Mongolia Yitai Coal Company, Ltd., H Shares | 473,000 | 358,978 | |||
Innovent Biologics, Inc. (A)(B) | 11,000 | 88,821 | |||
JD.com, Inc., ADR (A) | 9,000 | 707,040 | |||
Jiangsu Expressway Company, Ltd., H Shares | 40,000 | 41,494 | |||
Jiangxi Copper Company, Ltd., H Shares | 31,000 | 62,726 | |||
Jingrui Holdings, Ltd. (A) | 40,000 | 13,034 | |||
JinkoSolar Holding Company, Ltd., ADR (A)(C) | 2,163 | 106,420 | |||
JNBY Design, Ltd. | 10,500 | 24,906 | |||
Kaisa Group Holdings, Ltd. (A) | 159,285 | 53,020 | |||
Kasen International Holdings, Ltd. (A) | 50,000 | 5,134 | |||
Kinetic Mines and Energy, Ltd. | 156,000 | 14,254 | |||
Kingdee International Software Group Company, Ltd. (A) | 29,000 | 105,600 | |||
Kingsoft Corp., Ltd. | 31,600 | 126,760 | |||
KWG Group Holdings, Ltd. | 74,012 | 77,919 | |||
KWG Living Group Holdings, Ltd. | 58,006 | 48,663 | |||
Legend Holdings Corp., H Shares (B) | 21,600 | 34,776 | |||
Lenovo Group, Ltd. | 336,000 | 370,619 | |||
LexinFintech Holdings, Ltd., ADR (A) | 6,813 | 47,418 | |||
Li Ning Company, Ltd. | 41,500 | 556,506 | |||
Lifetech Scientific Corp. (A) | 130,000 | 70,261 | |||
Link Motion, Inc., ADR (A)(D) | 6,959 | 964 | |||
Livzon Pharmaceutical Group, Inc., H Shares | 6,300 | 23,277 | |||
Logan Group Company, Ltd. | 71,000 | 84,629 | |||
Longfor Group Holdings, Ltd. (B) | 65,000 | 281,276 | |||
Lonking Holdings, Ltd. | 122,000 | 38,246 | |||
Luye Pharma Group, Ltd. (A)(B) | 111,500 | 59,347 | |||
Meitu, Inc. (A)(B) | 105,500 | 25,222 | |||
Meituan, Class B (A)(B) | 21,300 | 681,058 | |||
Metallurgical Corp. of China, Ltd., H Shares | 93,000 | 36,991 | |||
Microport Scientific Corp. | 3,000 | 18,609 |
9 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
China (continued) | |||||
Minth Group, Ltd. | 42,000 | $174,312 | |||
MOGU, Inc., ADR (A) | 4,479 | 5,240 | |||
NetDragon Websoft Holdings, Ltd. | 14,000 | 31,301 | |||
NetEase, Inc., ADR | 7,187 | 700,158 | |||
New Century Healthcare Holding Company, Ltd. (A)(B) | 31,500 | 4,806 | |||
New China Life Insurance Company, Ltd., H Shares | 34,100 | 100,382 | |||
New Oriental Education & Technology Group, Inc., ADR (A) | 16,550 | 37,403 | |||
NIO, Inc., ADR (A) | 8,436 | 331,619 | |||
Niu Technologies, ADR (A) | 500 | 13,445 | |||
Noah Holdings, Ltd., ADR (A) | 409 | 15,943 | |||
NVC International Holdings, Ltd. (A) | 168,000 | 4,176 | |||
Orient Securities Company, Ltd., H Shares (B) | 29,200 | 28,734 | |||
PetroChina Company, Ltd., H Shares | 696,000 | 304,027 | |||
PICC Property & Casualty Company, Ltd., H Shares | 166,894 | 150,891 | |||
Pinduoduo, Inc., ADR (A) | 1,984 | 198,440 | |||
Ping An Healthcare and Technology Company, Ltd. (A)(B)(C) | 8,800 | 65,037 | |||
Ping An Insurance Group Company of China, Ltd., H Shares | 228,500 | 1,769,294 | |||
Poly Property Services Company, Ltd., H Shares | 3,400 | 20,784 | |||
Postal Savings Bank of China Company, Ltd., H Shares (B) | 237,000 | 170,741 | |||
Powerlong Real Estate Holdings, Ltd. | 71,000 | 57,680 | |||
Q Technology Group Company, Ltd. | 23,000 | 40,379 | |||
Qingling Motors Company, Ltd., H Shares | 34,000 | 8,766 | |||
Qunxing Paper Holdings Company, Ltd. (A)(D) | 969,268 | 0 | |||
Red Star Macalline Group Corp., Ltd., H Shares (A)(B) | 15,268 | 9,314 | |||
Redco Properties Group, Ltd. (B) | 46,000 | 15,681 | |||
Redsun Properties Group, Ltd. | 30,000 | 10,430 | |||
Ronshine China Holdings, Ltd. (A) | 33,000 | 17,824 | |||
Sany Heavy Equipment International Holdings Company, Ltd. | 61,000 | 78,387 | |||
Seazen Group, Ltd. (A) | 128,000 | 113,368 | |||
Secoo Holding, Ltd., ADR (A) | 313 | 623 | |||
S-Enjoy Service Group Company, Ltd. (A) | 12,000 | 26,586 | |||
Shandong Chenming Paper Holdings, Ltd., H Shares (C) | 19,376 | 11,027 | |||
Shandong Gold Mining Company, Ltd., H Shares (B)(C) | 29,750 | 48,074 | |||
Shandong Weigao Group Medical Polymer Company, Ltd., H Shares | 96,000 | 157,961 | |||
Shanghai Electric Group Company, Ltd., H Shares | 92,000 | 26,125 | |||
Shanghai Fosun Pharmaceutical Group Company, Ltd., H Shares (C) | 6,500 | 41,698 | |||
Shanghai Fudan Microelectronics Group Company, Ltd., H Shares (A) | 12,000 | 37,172 | |||
Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Company, Ltd., H Shares | 28,000 | 14,946 | |||
Shanghai Jin Jiang Capital Company, Ltd., H Shares | 68,000 | 13,357 | |||
Shanghai Pharmaceuticals Holding Company, Ltd., H Shares | 33,900 | 67,252 | |||
Shenzhen Expressway Company, Ltd., H Shares | 20,000 | 19,186 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 10 |
Shares | Value | ||||
China (continued) | |||||
Shenzhou International Group Holdings, Ltd. | 16,400 | $355,488 | |||
Shui On Land, Ltd. (A) | 244,567 | 39,915 | |||
Sihuan Pharmaceutical Holdings Group, Ltd. (C) | 103,000 | 30,589 | |||
Silergy Corp. | 1,000 | 143,019 | |||
Sino-Ocean Group Holding, Ltd. | 182,681 | 37,505 | |||
Sinopec Engineering Group Company, Ltd., H Shares | 82,500 | 43,714 | |||
Sinopec Oilfield Service Corp., H Shares (A) | 174,000 | 15,167 | |||
Sinopec Shanghai Petrochemical Company, Ltd., H Shares | 188,000 | 40,490 | |||
Sinopharm Group Company, Ltd., H Shares | 65,600 | 168,822 | |||
Sinotrans, Ltd., H Shares | 114,574 | 46,648 | |||
Sinotruk Hong Kong, Ltd. | 34,055 | 67,097 | |||
Skyfame Realty Holdings, Ltd. | 114,000 | 13,633 | |||
SOHO China, Ltd. (A) | 109,500 | 44,955 | |||
Sohu.com, Ltd., ADR (A) | 975 | 22,815 | |||
Sun King Technology Group, Ltd. (A)(C) | 54,000 | 30,861 | |||
Sunac China Holdings, Ltd. | 113,000 | 288,920 | |||
Sunac Services Holdings, Ltd. (B) | 5,116 | 13,328 | |||
Sunny Optical Technology Group Company, Ltd. | 14,800 | 447,872 | |||
Tencent Holdings, Ltd. | 110,000 | 6,793,908 | |||
Tencent Music Entertainment Group, ADR (A) | 4,378 | 38,702 | |||
Tenwow International Holdings, Ltd. (A)(D) | 177,000 | 6,486 | |||
The People’s Insurance Company Group of China, Ltd., H Shares | 131,000 | 40,410 | |||
Tian Ge Interactive Holdings, Ltd. (A)(B) | 32,000 | 4,077 | |||
Tian Shan Development Holding, Ltd. (A) | 32,000 | 7,657 | |||
Tiangong International Company, Ltd. (C) | 50,000 | 32,898 | |||
Tianjin Capital Environmental Protection Group Company, Ltd., H Shares | 16,000 | 6,662 | |||
Tianli Education International Holdings, Ltd. (A) | 58,000 | 14,994 | |||
Tianneng Power International, Ltd. (C) | 36,700 | 49,118 | |||
Tingyi Cayman Islands Holding Corp. | 90,000 | 160,267 | |||
Tong Ren Tang Technologies Company, Ltd., H Shares | 19,000 | 14,154 | |||
Tongcheng-Elong Holdings, Ltd. (A) | 30,400 | 70,868 | |||
Topsports International Holdings, Ltd. (B) | 14,000 | 18,459 | |||
TravelSky Technology, Ltd., H Shares | 31,500 | 59,007 | |||
Trigiant Group, Ltd. (A) | 82,000 | 7,261 | |||
Trip.com Group, Ltd., ADR (A) | 9,760 | 297,582 | |||
Tsaker Chemical Group, Ltd. (B) | 22,500 | 4,307 | |||
Tsingtao Brewery Company, Ltd., H Shares | 18,000 | 147,284 | |||
Tuniu Corp., ADR (A) | 1,300 | 2,223 | |||
Uni-President China Holdings, Ltd. | 71,600 | 67,673 | |||
Vipshop Holdings, Ltd., ADR (A) | 12,489 | 184,712 | |||
Want Want China Holdings, Ltd. | 228,000 | 154,939 | |||
Weibo Corp., ADR (A) | 2,526 | 127,614 | |||
Weichai Power Company, Ltd., H Shares | 60,600 | 152,915 |
11 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
China (continued) | |||||
Weiqiao Textile Company, H Shares | 12,500 | $4,624 | |||
West China Cement, Ltd. | 162,000 | 25,835 | |||
Wisdom Education International Holdings Company, Ltd. | 38,000 | 7,631 | |||
WuXi AppTec Company, Ltd., H Shares (B) | 3,440 | 68,604 | |||
Wuxi Biologics Cayman, Inc. (A)(B) | 27,000 | 418,013 | |||
Xiabuxiabu Catering Management China Holdings Company, Ltd. (A)(B) | 26,500 | 23,415 | |||
Xiamen International Port Company, Ltd., H Shares | 88,662 | 9,810 | |||
Xiaomi Corp., Class B (A)(B) | 9,800 | 31,589 | |||
Xingda International Holdings, Ltd. | 47,899 | 10,819 | |||
Xinhua Winshare Publishing and Media Company, Ltd., H Shares | 22,650 | 15,901 | |||
Xinjiang Goldwind Science & Technology Company, Ltd., H Shares (C) | 25,498 | 48,882 | |||
Xinyi Energy Holdings, Ltd. (C) | 18,000 | 11,009 | |||
Xinyi Solar Holdings, Ltd. | 128,127 | 310,091 | |||
Xinyuan Real Estate Company, Ltd., ADR | 4,413 | 10,062 | |||
Xtep International Holdings, Ltd. (C) | 74,124 | 126,401 | |||
Xunlei, Ltd., ADR (A)(C) | 3,300 | 12,342 | |||
Yadea Group Holdings, Ltd. (B) | 46,000 | 81,849 | |||
Yanzhou Coal Mining Company, Ltd., H Shares | 64,000 | 111,560 | |||
Yashili International Holdings, Ltd. (A) | 114,000 | 8,064 | |||
YiChang HEC ChangJiang Pharmaceutical Company, Ltd., H Shares (B)(C) | 27,600 | 19,132 | |||
Yida China Holdings, Ltd. (A) | 28,000 | 3,678 | |||
Yihai International Holding, Ltd. (A) | 13,000 | 70,331 | |||
Yiren Digital, Ltd., ADR (A) | 1,046 | 3,525 | |||
Youyuan International Holdings, Ltd. (A)(D) | 26,000 | 0 | |||
Yum China Holdings, Inc. | 11,554 | 711,264 | |||
Yuzhou Group Holdings Company, Ltd. | 169,454 | 32,660 | |||
Zhaojin Mining Industry Company, Ltd., H Shares (C) | 38,000 | 31,038 | |||
Zhejiang Expressway Company, Ltd., H Shares | 42,000 | 36,831 | |||
Zhejiang Glass Company, Ltd., H Shares (A)(D) | 172,000 | 0 | |||
Zhengzhou Coal Mining Machinery Group Company, Ltd., H Shares | 15,800 | 19,823 | |||
Zhenro Properties Group, Ltd. | 19,000 | 11,091 | |||
ZhongAn Online P&C Insurance Company, Ltd., H Shares (A)(B)(C) | 15,100 | 73,627 | |||
Zhongsheng Group Holdings, Ltd. | 24,500 | 204,845 | |||
Zhongyuan Bank Company, Ltd., H Shares (A)(B) | 42,000 | 6,046 | |||
Zhou Hei Ya International Holdings Company, Ltd. (A)(B)(C) | 28,500 | 29,334 | |||
Zhuzhou CRRC Times Electric Company, Ltd., H Shares (A) | 29,400 | 176,698 | |||
Zijin Mining Group Company, Ltd., H Shares | 151,384 | 214,205 | |||
Zoomlion Heavy Industry Science and Technology Company, Ltd., H Shares | 59,600 | 56,792 | |||
ZTE Corp., H Shares | 24,200 | 85,238 | |||
ZTO Express Cayman, Inc., ADR | 9,806 | 276,627 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 12 |
Shares | Value | ||||
Colombia 0.2% | $341,279 | ||||
Banco de Bogota SA | 776 | 14,515 | |||
Bancolombia SA | 4,563 | 37,614 | |||
Celsia SA ESP | 23,575 | 26,958 | |||
Cementos Argos SA | 29,845 | 46,718 | |||
Corp. Financiera Colombiana SA (A) | 4,632 | 35,098 | |||
Ecopetrol SA | 66,214 | 46,431 | |||
Grupo Argos SA | 8,087 | 23,473 | |||
Grupo de Inversiones Suramericana SA | 6,239 | 31,781 | |||
Grupo Energia Bogota SA ESP | 17,578 | 12,569 | |||
Grupo Nutresa SA | 4,184 | 24,066 | |||
Interconexion Electrica SA ESP | 6,983 | 42,056 | |||
Cyprus 0.0% | 32 | ||||
Phoenix Vega Mezz PLC (A) | 763 | 32 | |||
Czech Republic 0.1% | 183,086 | ||||
CEZ AS | 3,574 | 112,660 | |||
Komercni banka AS (A) | 952 | 36,605 | |||
O2 Czech Republic AS | 1,704 | 20,750 | |||
Philip Morris CR AS | 18 | 13,071 | |||
Egypt 0.0% | 77,682 | ||||
Commercial International Bank Egypt SAE, GDR (A) | 26,729 | 77,682 | |||
Greece 0.3% | 522,416 | ||||
Alpha Services and Holdings SA (A) | 23,649 | 32,785 | |||
Athens Water Supply & Sewage Company SA | 1,181 | 11,657 | |||
Bank of Greece | 1,576 | 29,861 | |||
Ellaktor SA (A) | 9,660 | 17,697 | |||
Eurobank Ergasias Services and Holdings SA (A) | 53,240 | 50,736 | |||
FF Group (A)(D) | 6,657 | 11,790 | |||
GEK Terna Holding Real Estate Construction SA (A) | 3,076 | 35,374 | |||
Hellenic Exchanges - Athens Stock Exchange SA | 1,960 | 9,082 | |||
Hellenic Telecommunications Organization SA | 3,641 | 71,673 | |||
Holding Company ADMIE IPTO SA (A) | 8,138 | 25,553 | |||
JUMBO SA | 1,883 | 29,576 | |||
LAMDA Development SA (A) | 2,618 | 25,692 | |||
Motor Oil Hellas Corinth Refineries SA (A) | 1,394 | 23,035 | |||
Mytilineos SA | 2,258 | 42,391 | |||
National Bank of Greece SA (A) | 12,054 | 36,441 | |||
Piraeus Financial Holdings SA (A) | 763 | 1,287 | |||
Piraeus Port Authority SA | 458 | 10,939 | |||
Public Power Corp. SA (A) | 1,977 | 23,418 | |||
Sarantis SA | 1,766 | 18,771 | |||
Terna Energy SA | 1,025 | 14,658 |
13 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Hong Kong 4.2% | $8,374,544 | ||||
AAG Energy Holdings, Ltd. (B) | 72,000 | 14,979 | |||
Alibaba Health Information Technology, Ltd. (A) | 26,000 | 42,915 | |||
Alibaba Pictures Group, Ltd. (A) | 410,000 | 43,698 | |||
Anxin-China Holdings, Ltd. (A)(D) | 1,988,000 | 0 | |||
Asian Citrus Holdings, Ltd. (A) | 144,000 | 4,554 | |||
Ausnutria Dairy Corp., Ltd. (A) | 35,000 | 34,073 | |||
Beijing Energy International Holding Company, Ltd. (A) | 146,000 | 5,166 | |||
Beijing Enterprises Clean Energy Group, Ltd. (A) | 1,342,857 | 15,487 | |||
Beijing Enterprises Holdings, Ltd. | 25,930 | 89,237 | |||
Beijing Enterprises Water Group, Ltd. (A) | 212,000 | 87,436 | |||
Beijing Gas Blue Sky Holdings, Ltd. (A)(D) | 904,000 | 13,483 | |||
Bosideng International Holdings, Ltd. | 146,000 | 119,189 | |||
Brilliance China Automotive Holdings, Ltd. (A) | 170,000 | 65,620 | |||
C C Land Holdings, Ltd. | 240,540 | 57,519 | |||
C&D International Investment Group, Ltd. (A) | 21,000 | 43,069 | |||
CA Cultural Technology Group, Ltd. (A)(C) | 17,000 | 5,998 | |||
Canvest Environmental Protection Group Company, Ltd. | 36,000 | 19,991 | |||
CECEP COSTIN New Materials Group, Ltd. (A)(D) | 162,000 | 0 | |||
CGN New Energy Holdings Company, Ltd. (C) | 66,000 | 39,864 | |||
China Aircraft Leasing Group Holdings, Ltd. (C) | 12,000 | 8,477 | |||
China Chengtong Development Group, Ltd. | 158,000 | 3,632 | |||
China Common Rich Renewable Energy Investments, Ltd. (A)(D) | 2,486,000 | 68,723 | |||
China Education Group Holdings, Ltd. (C) | 31,000 | 58,610 | |||
China Everbright Environment Group, Ltd. | 128,111 | 88,572 | |||
China Everbright Greentech, Ltd. (B)(C) | 31,000 | 10,631 | |||
China Everbright, Ltd. | 35,000 | 43,923 | |||
China Fiber Optic Network System Group, Ltd. (A)(D) | 419,600 | 15,106 | |||
China Foods, Ltd. | 58,000 | 19,507 | |||
China Gas Holdings, Ltd. | 101,400 | 293,514 | |||
China Grand Pharmaceutical and Healthcare Holdings, Ltd. | 38,000 | 30,321 | |||
China High Precision Automation Group, Ltd. (A)(C)(D) | 74,000 | 8,849 | |||
China High Speed Transmission Equipment Group Company, Ltd. (A) | 25,000 | 18,084 | |||
China Jinmao Holdings Group, Ltd. | 288,000 | 93,630 | |||
China Lumena New Materials Corp. (A)(D) | 1,272,000 | 0 | |||
China Mengniu Dairy Company, Ltd. (A) | 71,000 | 427,048 | |||
China Merchants Land, Ltd. (A) | 86,000 | 11,275 | |||
China Merchants Port Holdings Company, Ltd. | 72,324 | 121,673 | |||
China Metal Recycling Holdings, Ltd. (A)(D) | 14,579,934 | 0 | |||
China New Town Development Company, Ltd. (A) | 67,832 | 841 | |||
China Oceanwide Holdings, Ltd. (A) | 240,000 | 4,462 | |||
China Oil & Gas Group, Ltd. (A) | 337,040 | 18,229 | |||
China Overseas Grand Oceans Group, Ltd. | 113,000 | 75,095 | |||
China Overseas Land & Investment, Ltd. | 135,500 | 312,150 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 14 |
Shares | Value | ||||
Hong Kong (continued) | |||||
China Overseas Property Holdings, Ltd. | 50,667 | $43,210 | |||
China Power International Development, Ltd. | 111,666 | 45,092 | |||
China Properties Group, Ltd. (A)(D) | 19,000 | 912 | |||
China Resources Beer Holdings Company, Ltd. | 29,981 | 246,545 | |||
China Resources Cement Holdings, Ltd. | 133,518 | 130,913 | |||
China Resources Gas Group, Ltd. | 38,000 | 230,352 | |||
China Resources Land, Ltd. | 116,444 | 432,510 | |||
China Resources Power Holdings Company, Ltd. | 70,882 | 174,180 | |||
China South City Holdings, Ltd. | 146,000 | 13,507 | |||
China Taiping Insurance Holdings Company, Ltd. | 89,310 | 130,490 | |||
China Traditional Chinese Medicine Holdings Company, Ltd. (A) | 170,000 | 80,915 | |||
China Travel International Investment Hong Kong, Ltd. (A) | 146,000 | 20,426 | |||
China Vered Financial Holding Corp., Ltd. (A) | 360,000 | 4,185 | |||
China Water Affairs Group, Ltd. | 36,000 | 35,905 | |||
China Water Industry Group, Ltd. (A) | 40,000 | 1,648 | |||
CIMC Enric Holdings, Ltd. | 48,000 | 70,512 | |||
Citychamp Watch & Jewellery Group, Ltd. (A) | 65,800 | 12,281 | |||
Comba Telecom Systems Holdings, Ltd. (C) | 62,000 | 14,808 | |||
Concord New Energy Group, Ltd. | 180,000 | 18,014 | |||
Continental Aerospace Technologies Holding, Ltd. (A) | 186,799 | 3,261 | |||
COSCO SHIPPING Ports, Ltd. | 95,295 | 79,247 | |||
CP Pokphand Company, Ltd. | 282,000 | 32,279 | |||
Crazy Sports Group, Ltd. (A) | 186,000 | 12,226 | |||
CWT International, Ltd. (A) | 680,000 | 7,346 | |||
DBA Telecommunication Asia Holdings, Ltd. (A)(D) | 32,000 | 0 | |||
Digital China Holdings, Ltd. | 38,000 | 23,698 | |||
ESR Cayman, Ltd. (A)(B) | 3,800 | 11,576 | |||
Essex Bio-technology, Ltd. | 23,000 | 19,392 | |||
Far East Horizon, Ltd. | 107,000 | 121,584 | |||
Fullshare Holdings, Ltd. (A) | 110,000 | 1,484 | |||
Futu Holdings, Ltd., ADR (A)(C) | 531 | 50,546 | |||
GCL New Energy Holdings, Ltd. (A)(C) | 440,000 | 19,771 | |||
GCL-Poly Energy Holdings, Ltd. (A) | 1,301,000 | 185,523 | |||
Geely Automobile Holdings, Ltd. | 172,000 | 623,367 | |||
Gemdale Properties & Investment Corp., Ltd. | 288,000 | 32,298 | |||
Glorious Property Holdings, Ltd. (A) | 516,000 | 15,950 | |||
Goldlion Holdings, Ltd. | 122,000 | 26,570 | |||
Guangdong Investment, Ltd. | 80,000 | 111,102 | |||
Health & Happiness H&H International Holdings, Ltd. | 13,000 | 37,214 | |||
Hi Sun Technology China, Ltd. (A) | 105,000 | 17,749 | |||
Hopson Development Holdings, Ltd. | 34,000 | 132,454 | |||
Hua Han Health Industry Holdings, Ltd. (A)(D) | 1,111,910 | 30,309 | |||
Huanxi Media Group, Ltd. (A) | 70,000 | 14,499 | |||
IMAX China Holding, Inc. (B) | 7,300 | 10,614 |
15 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Hong Kong (continued) | |||||
Inspur International, Ltd. (A) | 28,000 | $14,167 | |||
Jiayuan International Group, Ltd. | 43,222 | 17,170 | |||
Joy City Property, Ltd. | 316,000 | 17,436 | |||
Ju Teng International Holdings, Ltd. | 59,722 | 12,282 | |||
Kingboard Holdings, Ltd. | 36,148 | 177,737 | |||
Kingboard Laminates Holdings, Ltd. | 60,000 | 117,988 | |||
Kunlun Energy Company, Ltd. | 234,000 | 247,488 | |||
Lee & Man Chemical Company, Ltd. | 14,000 | 10,793 | |||
Lee & Man Paper Manufacturing, Ltd. | 70,000 | 61,436 | |||
Lifestyle China Group, Ltd. (A) | 9,000 | 1,254 | |||
LK Technology Holdings, Ltd. | 17,500 | 58,688 | |||
LVGEM China Real Estate Investment Company, Ltd. (A) | 32,000 | 7,440 | |||
Mingfa Group International Company, Ltd. (A) | 995,000 | 69,461 | |||
Minmetals Land, Ltd. | 126,000 | 12,448 | |||
Nan Hai Corp., Ltd. (A) | 1,900,000 | 12,214 | |||
Nine Dragons Paper Holdings, Ltd. | 96,000 | 131,148 | |||
PAX Global Technology, Ltd. | 50,000 | 61,817 | |||
Perennial Energy Holdings, Ltd. | 20,000 | 4,391 | |||
Phoenix Media Investment Holdings, Ltd. (A) | 76,000 | 5,358 | |||
Poly Property Group Company, Ltd. | 153,000 | 40,484 | |||
Pou Sheng International Holdings, Ltd. (A) | 144,000 | 29,114 | |||
Prinx Chengshan Holdings, Ltd. | 10,500 | 10,405 | |||
REXLot Holdings, Ltd. (A)(D) | 2,065,304 | 1,952 | |||
Road King Infrastructure, Ltd. | 9,000 | 10,225 | |||
Shanghai Industrial Holdings, Ltd. | 34,041 | 52,898 | |||
Shanghai Industrial Urban Development Group, Ltd. | 115,349 | 9,485 | |||
Shenzhen International Holdings, Ltd. | 85,083 | 111,029 | |||
Shenzhen Investment, Ltd. | 149,175 | 44,278 | |||
Shimao Group Holdings, Ltd. | 79,000 | 163,239 | |||
Shoucheng Holdings, Ltd. | 81,600 | 17,537 | |||
Shougang Fushan Resources Group, Ltd. | 145,268 | 46,629 | |||
Silver Grant International Holdings Group, Ltd. (A) | 72,334 | 5,594 | |||
Sino Biopharmaceutical, Ltd. | 257,750 | 215,576 | |||
Sinofert Holdings, Ltd. (A) | 118,000 | 24,070 | |||
Sinolink Worldwide Holdings, Ltd. (A) | 576,000 | 20,306 | |||
Sinopec Kantons Holdings, Ltd. | 62,000 | 22,924 | |||
Skyworth Group, Ltd. (A) | 75,885 | 23,707 | |||
SMI Holdings Group, Ltd. (A)(C)(D) | 228,889 | 14,715 | |||
SSY Group, Ltd. | 80,733 | 50,093 | |||
TCL Electronics Holdings, Ltd. (A) | 39,600 | 20,978 | |||
Tech Pro Technology Development, Ltd. (A)(D) | 966,000 | 4,856 | |||
Texhong Textile Group, Ltd. | 7,000 | 10,669 | |||
The Wharf Holdings, Ltd. | 38,000 | 128,253 | |||
Tian An China Investment Company, Ltd. | 202,000 | 121,992 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 16 |
Shares | Value | ||||
Hong Kong (continued) | |||||
Tianjin Port Development Holdings, Ltd. | 154,000 | $12,639 | |||
Tibet Water Resources, Ltd. (A)(C) | 149,000 | 11,690 | |||
Time Watch Investments, Ltd. (A) | 62,000 | 6,536 | |||
Tongda Group Holdings, Ltd. (A)(C) | 270,000 | 8,680 | |||
Towngas China Company, Ltd. (A) | 45,299 | 32,965 | |||
Truly International Holdings, Ltd. (A) | 101,000 | 37,923 | |||
United Energy Group, Ltd. | 462,000 | 71,710 | |||
Vinda International Holdings, Ltd. (C) | 18,000 | 53,054 | |||
Wasion Holdings, Ltd. | 32,000 | 10,472 | |||
Yuexiu Property Company, Ltd. | 79,503 | 74,525 | |||
Yuexiu Transport Infrastructure, Ltd. | 36,000 | 21,230 | |||
Zhongyu Gas Holdings, Ltd. | 20,006 | 17,034 | |||
Zhuguang Holdings Group Company, Ltd. | 60,000 | 13,268 | |||
Hungary 0.3% | 491,468 | ||||
Magyar Telekom Telecommunications PLC | 19,638 | 28,631 | |||
MOL Hungarian Oil & Gas PLC | 18,291 | 149,968 | |||
OTP Bank NYRT (A) | 4,528 | 273,454 | |||
Richter Gedeon NYRT | 1,315 | 39,415 | |||
India 13.7% | 27,016,091 | ||||
Aarti Industries, Ltd. | 4,856 | 62,260 | |||
ABB Power Products & Systems India, Ltd. | 187 | 5,485 | |||
Abbott India, Ltd. | 167 | 43,941 | |||
ACC, Ltd. | 2,457 | 80,868 | |||
Adani Enterprises, Ltd. | 7,097 | 153,901 | |||
Adani Green Energy, Ltd. (A) | 12,516 | 182,554 | |||
Adani Ports & Special Economic Zone, Ltd. | 16,166 | 164,898 | |||
Adani Power, Ltd. (A) | 35,840 | 48,167 | |||
Adani Total Gas, Ltd. | 2,163 | 42,935 | |||
Adani Transmission, Ltd. (A) | 8,526 | 184,152 | |||
Aditya Birla Capital, Ltd. (A) | 27,085 | 39,811 | |||
Aegis Logistics, Ltd. | 7,126 | 25,905 | |||
AIA Engineering, Ltd. | 1,625 | 45,141 | |||
Ajanta Pharma, Ltd. | 910 | 27,767 | |||
Akzo Nobel India, Ltd. | 703 | 21,281 | |||
Alembic Pharmaceuticals, Ltd. | 4,003 | 41,196 | |||
Alkyl Amines Chemicals | 763 | 44,694 | |||
Amara Raja Batteries, Ltd. | 2,106 | 20,159 | |||
Ambuja Cements, Ltd. | 10,422 | 60,119 | |||
APL Apollo Tubes, Ltd. (A) | 1,705 | 38,845 | |||
Apollo Hospitals Enterprise, Ltd. | 1,902 | 129,594 | |||
Apollo Tyres, Ltd. | 12,370 | 35,977 | |||
Arvind Fashions, Ltd. (A) | 13,821 | 48,028 | |||
Arvind, Ltd. (A) | 13,022 | 16,125 |
17 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
India (continued) | |||||
Asahi India Glass, Ltd. (A) | 8,227 | $40,299 | |||
Ashok Leyland, Ltd. | 34,275 | 57,432 | |||
Ashoka Buildcon, Ltd. (A) | 9,141 | 12,456 | |||
Asian Paints, Ltd. | 5,668 | 248,190 | |||
Astral, Ltd. | 2,457 | 68,493 | |||
Atul, Ltd. | 479 | 59,869 | |||
AU Small Finance Bank, Ltd. (A)(B) | 1,709 | 26,274 | |||
Aurobindo Pharma, Ltd. | 10,100 | 100,568 | |||
Avanti Feeds, Ltd. | 3,600 | 27,766 | |||
Avenue Supermarts, Ltd. (A)(B) | 995 | 53,772 | |||
Axis Bank, Ltd. (A) | 26,398 | 283,557 | |||
Bajaj Auto, Ltd. | 1,404 | 71,687 | |||
Bajaj Consumer Care, Ltd. | 5,535 | 18,611 | |||
Bajaj Electricals, Ltd. (A) | 1,885 | 31,059 | |||
Bajaj Finance, Ltd. | 3,290 | 338,179 | |||
Bajaj Finserv, Ltd. | 646 | 150,821 | |||
Bajaj Holdings & Investment, Ltd. | 1,158 | 68,600 | |||
Balkrishna Industries, Ltd. | 2,408 | 75,629 | |||
Balrampur Chini Mills, Ltd. | 6,172 | 31,220 | |||
Bank of Baroda (A) | 25,551 | 26,937 | |||
BASF India, Ltd. | 543 | 26,571 | |||
Bata India, Ltd. | 2,050 | 49,590 | |||
Bayer CropScience, Ltd. | 196 | 14,860 | |||
BEML, Ltd. | 785 | 14,158 | |||
Berger Paints India, Ltd. | 3,552 | 39,761 | |||
Bharat Electronics, Ltd. | 37,442 | 95,138 | |||
Bharat Forge, Ltd. | 4,144 | 43,370 | |||
Bharat Heavy Electricals, Ltd. (A) | 35,750 | 25,710 | |||
Bharat Petroleum Corp., Ltd. | 15,189 | 97,836 | |||
Bharti Airtel, Ltd. (A) | 48,020 | 434,393 | |||
Biocon, Ltd. (A) | 9,991 | 48,881 | |||
Birla Corp., Ltd. (A) | 940 | 17,470 | |||
Birlasoft, Ltd. | 6,697 | 38,044 | |||
Blue Star, Ltd. | 1,883 | 19,900 | |||
Bosch, Ltd. | 149 | 28,275 | |||
Brigade Enterprises, Ltd. | 3,433 | 15,638 | |||
Britannia Industries, Ltd. | 1,201 | 65,426 | |||
BSE, Ltd. | 1,351 | 22,044 | |||
Cadila Healthcare, Ltd. | 4,469 | 33,811 | |||
Can Fin Homes, Ltd. | 3,284 | 25,625 | |||
Canara Bank (A) | 12,044 | 26,087 | |||
Capacit’e Infraprojects, Ltd. (A) | 2,705 | 5,538 | |||
Carborundum Universal, Ltd. | 4,213 | 47,667 | |||
Castrol India, Ltd. | 11,199 | 20,531 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 18 |
Shares | Value | ||||
India (continued) | |||||
CCL Products India, Ltd. | 3,414 | $18,748 | |||
Ceat, Ltd. | 1,368 | 23,947 | |||
Central Depository Services India, Ltd. | 1,657 | 26,967 | |||
Century Plyboards India, Ltd. | 292 | 1,619 | |||
Century Textiles & Industries, Ltd. | 1,858 | 19,731 | |||
CESC, Ltd. | 1,627 | 17,975 | |||
Chambal Fertilizers & Chemicals, Ltd. | 4,626 | 20,280 | |||
Chennai Petroleum Corp., Ltd. (A) | 3,148 | 4,596 | |||
Chennai Super Kings Cricket, Ltd. (A)(D) | 271,316 | 8,362 | |||
Cholamandalam Financial Holdings, Ltd. | 3,690 | 34,799 | |||
Cholamandalam Investment and Finance Company, Ltd. | 11,385 | 85,969 | |||
Cipla, Ltd. | 10,855 | 140,965 | |||
City Union Bank, Ltd. | 16,091 | 33,360 | |||
Coal India, Ltd. | 26,598 | 53,022 | |||
Coforge, Ltd. | 593 | 42,264 | |||
Colgate-Palmolive India, Ltd. | 2,924 | 67,475 | |||
Container Corp. of India, Ltd. | 5,331 | 49,531 | |||
Coromandel International, Ltd. | 5,759 | 62,375 | |||
CRISIL, Ltd. | 519 | 19,334 | |||
Crompton Greaves Consumer Electricals, Ltd. | 12,226 | 79,257 | |||
Cummins India, Ltd. | 3,376 | 46,145 | |||
Cyient, Ltd. | 3,035 | 40,579 | |||
Dabur India, Ltd. | 7,764 | 65,921 | |||
Dalmia Bharat, Ltd. (A) | 3,405 | 102,361 | |||
DCB Bank, Ltd. (A) | 11,434 | 14,453 | |||
DCM Shriram, Ltd. | 3,338 | 40,490 | |||
Deepak Fertilisers & Petrochemicals Corp., Ltd. | 2,991 | 16,726 | |||
Deepak Nitrite, Ltd. | 2,523 | 78,753 | |||
Delta Corp., Ltd. | 8,433 | 20,824 | |||
Dhampur Sugar Mills, Ltd. | 2,251 | 9,613 | |||
Dhani Services, Ltd. (A) | 7,011 | 18,923 | |||
Dhani Services, Ltd., Partly Paid Shares (A) | 5,473 | 6,514 | |||
Dilip Buildcon, Ltd. (B) | 2,723 | 18,957 | |||
Dish TV India, Ltd. (A) | 46,324 | 7,951 | |||
Dishman Carbogen Amcis, Ltd. (A) | 1,354 | 3,434 | |||
Divi’s Laboratories, Ltd. | 2,028 | 143,486 | |||
Dixon Technologies India, Ltd. (A) | 785 | 44,642 | |||
DLF, Ltd. | 9,438 | 41,257 | |||
Dr. Lal PathLabs, Ltd. (B) | 592 | 32,846 | |||
Dr. Reddy’s Laboratories, Ltd. | 1,484 | 95,692 | |||
DRC Systems India, Ltd. (A) | 4 | 15 | |||
eClerx Services, Ltd. | 1,785 | 55,050 | |||
Edelweiss Financial Services, Ltd. | 26,662 | 29,617 | |||
Eicher Motors, Ltd. | 5,480 | 200,240 |
19 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
India (continued) | |||||
EID Parry India, Ltd. (A) | 5,725 | $31,609 | |||
EIH, Ltd. (A) | 9,617 | 13,528 | |||
Emami, Ltd. | 6,514 | 53,080 | |||
Endurance Technologies, Ltd. (B) | 1,718 | 39,116 | |||
Engineers India, Ltd. | 7,872 | 7,851 | |||
EPL, Ltd. | 5,314 | 17,120 | |||
Escorts, Ltd. | 2,520 | 46,331 | |||
Exide Industries, Ltd. | 19,965 | 44,096 | |||
Federal Bank, Ltd. | 68,325 | 75,699 | |||
Fine Organic Industries, Ltd. | 295 | 11,486 | |||
Finolex Industries, Ltd. (A) | 22,715 | 52,019 | |||
Firstsource Solutions, Ltd. | 9,568 | 23,714 | |||
Fortis Healthcare, Ltd. (A) | 13,636 | 54,008 | |||
Future Lifestyle Fashions, Ltd. (A) | 2,234 | 1,531 | |||
GAIL India, Ltd. | 61,985 | 124,316 | |||
Garware Technical Fibres, Ltd. (A) | 570 | 24,514 | |||
Gillette India, Ltd. | 541 | 43,116 | |||
GlaxoSmithKline Pharmaceuticals, Ltd. | 911 | 19,117 | |||
Glenmark Pharmaceuticals, Ltd. | 6,753 | 48,945 | |||
Godfrey Phillips India, Ltd. | 824 | 11,125 | |||
Godrej Consumer Products, Ltd. (A) | 6,941 | 104,456 | |||
Godrej Industries, Ltd. (A) | 1,720 | 13,187 | |||
Godrej Properties, Ltd. (A) | 1,212 | 24,683 | |||
Granules India, Ltd. | 10,612 | 47,884 | |||
Graphite India, Ltd. | 3,367 | 29,395 | |||
Grasim Industries, Ltd. | 3,538 | 72,513 | |||
Grindwell Norton, Ltd. | 1,284 | 22,703 | |||
Gujarat Alkalies & Chemicals, Ltd. | 2,634 | 16,335 | |||
Gujarat Ambuja Exports, Ltd. | 9,856 | 24,559 | |||
Gujarat Fluorochemicals, Ltd. (A) | 1,130 | 26,914 | |||
Gujarat Gas, Ltd. | 7,197 | 70,849 | |||
Gujarat Narmada Valley Fertilizers & Chemicals, Ltd. | 3,833 | 17,357 | |||
Gujarat Pipavav Port, Ltd. | 8,466 | 11,772 | |||
Gujarat State Petronet, Ltd. | 14,293 | 68,534 | |||
Gulf Oil Lubricants India, Ltd. | 1,134 | 9,459 | |||
Hatsun Agro Product, Ltd. | 2,889 | 42,603 | |||
Havells India, Ltd. | 2,687 | 46,152 | |||
HCL Technologies, Ltd. | 29,237 | 471,484 | |||
HDFC Asset Management Company, Ltd. (B) | 1,011 | 42,483 | |||
HDFC Bank, Ltd. | 54,469 | 1,174,392 | |||
HDFC Life Insurance Company, Ltd. (B) | 5,636 | 55,276 | |||
HEG, Ltd. | 690 | 21,194 | |||
HeidelbergCement India, Ltd. | 5,347 | 19,344 | |||
Hemisphere Properties India, Ltd. (A) | 2,825 | 5,205 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 20 |
Shares | Value | ||||
India (continued) | |||||
Heritage Foods, Ltd. | 1,223 | $7,781 | |||
Hero MotoCorp, Ltd. | 4,382 | 163,938 | |||
HFCL, Ltd. (A) | 51,247 | 47,640 | |||
Hikal, Ltd. | 4,873 | 42,420 | |||
HIL, Ltd. | 253 | 19,690 | |||
Himadri Speciality Chemical, Ltd. | 8,292 | 5,271 | |||
Hindalco Industries, Ltd. | 35,906 | 230,480 | |||
Hinduja Global Solutions, Ltd. | 960 | 35,823 | |||
Hindustan Petroleum Corp., Ltd. | 16,548 | 60,412 | |||
Hindustan Unilever, Ltd. | 10,229 | 380,391 | |||
Honeywell Automation India, Ltd. | 22 | 11,944 | |||
Housing Development Finance Corp., Ltd. | 15,093 | 575,709 | |||
ICICI Bank, Ltd. | 68,687 | 671,709 | |||
ICICI Lombard General Insurance Company, Ltd. (B) | 4,220 | 92,295 | |||
ICICI Prudential Life Insurance Company, Ltd. (B) | 4,759 | 42,874 | |||
IDFC First Bank, Ltd. (A) | 60,771 | 35,580 | |||
IDFC, Ltd. (A) | 60,709 | 41,686 | |||
IIFL Finance, Ltd. | 15,283 | 58,742 | |||
IIFL Securities, Ltd. | 25,293 | 32,253 | |||
IIFL Wealth Management, Ltd. | 2,364 | 52,307 | |||
India Glycols, Ltd. | 1,050 | 10,111 | |||
Indiabulls Housing Finance, Ltd. | 11,122 | 34,017 | |||
IndiaMart InterMesh, Ltd. (B) | 96 | 10,266 | |||
Indian Bank | 7,502 | 12,761 | |||
Indian Energy Exchange, Ltd. (B) | 1,765 | 12,144 | |||
Indian Oil Corp., Ltd. | 38,014 | 57,658 | |||
Indo Count Industries, Ltd. | 5,802 | 18,511 | |||
Indraprastha Gas, Ltd. | 8,878 | 66,268 | |||
Indus Towers, Ltd. | 16,840 | 49,432 | |||
IndusInd Bank, Ltd. | 5,361 | 72,641 | |||
Infibeam Avenues, Ltd. (A) | 3,924 | 2,512 | |||
Info Edge India, Ltd. | 607 | 51,328 | |||
Infosys, Ltd. | 64,432 | 1,509,578 | |||
Inox Leisure, Ltd. (A) | 4,238 | 17,973 | |||
Intellect Design Arena, Ltd. (A) | 4,460 | 40,079 | |||
InterGlobe Aviation, Ltd. (A)(B) | 872 | 22,754 | |||
Ipca Laboratories, Ltd. | 1,956 | 69,330 | |||
IRB Infrastructure Developers, Ltd. (A) | 7,984 | 17,921 | |||
ITC, Ltd. | 64,928 | 187,331 | |||
Jaiprakash Power Ventures, Ltd. (A) | 246,265 | 13,478 | |||
Jamna Auto Industries, Ltd. | 8,736 | 10,810 | |||
JB Chemicals & Pharmaceuticals, Ltd. | 470 | 10,979 | |||
Jindal Saw, Ltd. | 11,500 | 18,531 | |||
Jindal Stainless Hisar, Ltd. (A) | 8,000 | 31,338 |
21 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
India (continued) | |||||
Jindal Stainless, Ltd. (A) | 16,249 | $33,192 | |||
Jindal Steel & Power, Ltd. (A) | 30,545 | 157,130 | |||
JK Cement, Ltd. | 1,185 | 53,287 | |||
JK Paper, Ltd. | 7,345 | 24,499 | |||
JK Tyre & Industries, Ltd. | 5,594 | 11,090 | |||
JM Financial, Ltd. | 20,631 | 26,114 | |||
Johnson Controls-Hitachi Air Conditioning India, Ltd. (A) | 307 | 9,205 | |||
JSW Energy, Ltd. | 20,110 | 72,804 | |||
JSW Steel, Ltd. | 26,798 | 251,416 | |||
Jubilant Foodworks, Ltd. | 1,637 | 89,411 | |||
Jubilant Ingrevia, Ltd. | 7,891 | 80,258 | |||
Jubilant Pharmova, Ltd. | 5,533 | 50,243 | |||
Just Dial, Ltd. (A) | 1,443 | 18,748 | |||
Jyothy Labs, Ltd. | 3,881 | 8,532 | |||
Kajaria Ceramics, Ltd. | 2,313 | 37,451 | |||
Kalpataru Power Transmission, Ltd. | 4,585 | 25,949 | |||
Kansai Nerolac Paints, Ltd. | 2,011 | 17,031 | |||
KEC International, Ltd. | 5,101 | 29,682 | |||
KEI Industries, Ltd. | 2,534 | 26,378 | |||
Kirloskar Oil Engines, Ltd. | 5,185 | 15,460 | |||
KNR Constructions, Ltd. (A) | 10,900 | 49,475 | |||
Kotak Mahindra Bank, Ltd. | 13,388 | 320,329 | |||
KPIT Technologies, Ltd. | 7,331 | 33,818 | |||
KPR Mill, Ltd. | 1,579 | 38,470 | |||
KRBL, Ltd. (A) | 3,905 | 13,065 | |||
L&T Finance Holdings, Ltd. (A) | 29,921 | 33,986 | |||
L&T Technology Services, Ltd. (B) | 750 | 40,224 | |||
Lakshmi Machine Works, Ltd. | 116 | 12,715 | |||
Larsen & Toubro Infotech, Ltd. (B) | 1,279 | 93,315 | |||
Larsen & Toubro, Ltd. | 11,952 | 273,209 | |||
Laurus Labs, Ltd. (B) | 2,185 | 19,877 | |||
LIC Housing Finance, Ltd. | 15,156 | 83,137 | |||
Linde India, Ltd. | 1,190 | 37,308 | |||
LT Foods, Ltd. | 10,845 | 9,959 | |||
Lupin, Ltd. | 6,896 | 90,122 | |||
LUX Industries, Ltd. | 400 | 21,693 | |||
Mahanagar Gas, Ltd. | 2,409 | 37,769 | |||
Maharashtra Scooters, Ltd. | 206 | 12,966 | |||
Mahindra & Mahindra Financial Services, Ltd. | 31,685 | 69,325 | |||
Mahindra & Mahindra, Ltd. | 12,758 | 138,216 | |||
Mahindra CIE Automotive, Ltd. (A) | 10,554 | 34,659 | |||
Mahindra Holidays & Resorts India, Ltd. (A) | 2,153 | 9,334 | |||
Mahindra Lifespace Developers, Ltd. (A) | 1,108 | 11,557 | |||
Manappuram Finance, Ltd. | 18,276 | 40,008 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 22 |
Shares | Value | ||||
India (continued) | |||||
Mangalore Refinery & Petrochemicals, Ltd. (A) | 16,715 | $9,812 | |||
Marico, Ltd. | 10,341 | 77,222 | |||
Marksans Pharma, Ltd. | 20,609 | 19,972 | |||
Maruti Suzuki India, Ltd. | 865 | 80,813 | |||
MAS Financial Services, Ltd. (B) | 338 | 3,561 | |||
Mastek, Ltd. | 812 | 28,547 | |||
Max Financial Services, Ltd. (A) | 1,846 | 27,512 | |||
Mayur Uniquoters, Ltd. | 1,222 | 7,811 | |||
Meghmani Finechem, Ltd. (A) | 810 | 6,646 | |||
Meghmani Organics, Ltd. (A) | 8,623 | 13,347 | |||
Metropolis Healthcare, Ltd. (B) | 361 | 13,942 | |||
Minda Industries, Ltd. | 5,289 | 51,279 | |||
Mindtree, Ltd. | 1,858 | 92,114 | |||
MOIL, Ltd. | 5,355 | 12,191 | |||
Motherson Sumi Systems, Ltd. (A) | 27,023 | 80,796 | |||
Motilal Oswal Financial Services, Ltd. | 2,377 | 26,451 | |||
Mphasis, Ltd. (A) | 2,800 | 111,288 | |||
MRF, Ltd. | 57 | 62,044 | |||
Multi Commodity Exchange of India, Ltd. | 573 | 11,905 | |||
Muthoot Finance, Ltd. | 5,198 | 107,870 | |||
Natco Pharma, Ltd. | 2,708 | 34,875 | |||
National Aluminium Company, Ltd. | 30,687 | 37,985 | |||
Navin Fluorine International, Ltd. | 486 | 26,783 | |||
Navneet Education, Ltd. (A) | 6,879 | 9,613 | |||
NBCC India, Ltd. | 20,368 | 12,358 | |||
NCC, Ltd. | 22,228 | 24,083 | |||
NESCO, Ltd. | 1,774 | 13,929 | |||
Nestle India, Ltd. | 576 | 153,642 | |||
NHPC, Ltd. | 49,668 | 18,321 | |||
NIIT, Ltd. | 4,498 | 19,375 | |||
NMDC, Ltd. | 20,256 | 42,578 | |||
NOCIL, Ltd. | 4,078 | 15,412 | |||
NTPC, Ltd. | 64,531 | 102,205 | |||
Oberoi Realty, Ltd. (A) | 5,897 | 57,348 | |||
Oil & Natural Gas Corp., Ltd. | 49,081 | 80,655 | |||
Oil India, Ltd. | 11,025 | 27,085 | |||
Omaxe, Ltd. (A) | 3,052 | 3,208 | |||
Oracle Financial Services Software, Ltd. | 733 | 47,216 | |||
Orient Cement, Ltd. | 11,602 | 24,032 | |||
Page Industries, Ltd. | 144 | 61,756 | |||
Parag Milk Foods, Ltd. (B) | 3,025 | 5,509 | |||
Persistent Systems, Ltd. | 2,040 | 92,409 | |||
Petronet LNG, Ltd. | 31,783 | 98,930 | |||
Pfizer, Ltd. | 365 | 28,532 |
23 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
India (continued) | |||||
PI Industries, Ltd. | 1,410 | $65,900 | |||
Pidilite Industries, Ltd. | 1,980 | 61,744 | |||
Piramal Enterprises, Ltd. | 2,644 | 94,190 | |||
PNB Housing Finance, Ltd. (A)(B) | 3,296 | 29,573 | |||
PNC Infratech, Ltd. | 3,706 | 15,926 | |||
Power Finance Corp., Ltd. | 36,899 | 64,922 | |||
Power Grid Corp. of India, Ltd. | 46,280 | 110,989 | |||
Praj Industries, Ltd. | 5,641 | 25,472 | |||
Prestige Estates Projects, Ltd. (A) | 9,831 | 47,456 | |||
Prism Johnson, Ltd. (A) | 8,573 | 15,108 | |||
Procter & Gamble Health, Ltd. | 219 | 16,321 | |||
Procter & Gamble Hygiene & Health Care, Ltd. | 209 | 39,768 | |||
PTC India, Ltd. | 18,544 | 26,166 | |||
Punjab & Sind Bank (A) | 39,923 | 9,198 | |||
Punjab National Bank (A) | 48,156 | 24,010 | |||
Quess Corp., Ltd. (B) | 3,110 | 36,010 | |||
Radico Khaitan, Ltd. (A) | 2,854 | 34,115 | |||
Rain Industries, Ltd. | 8,295 | 25,473 | |||
Rajesh Exports, Ltd. | 2,147 | 17,186 | |||
Rallis India, Ltd. | 4,796 | 18,428 | |||
Rashtriya Chemicals & Fertilizers, Ltd. | 12,255 | 12,072 | |||
Ratnamani Metals & Tubes, Ltd. (A) | 755 | 22,228 | |||
Raymond, Ltd. (A) | 2,169 | 11,978 | |||
RBL Bank, Ltd. (A)(B) | 11,999 | 27,015 | |||
REC, Ltd. | 37,469 | 77,649 | |||
Redington India Ltd. (A) | 17,968 | 38,312 | |||
Redington India, Ltd. | 17,968 | 38,312 | |||
Relaxo Footwears, Ltd. | 1,337 | 21,754 | |||
Reliance Industries, Ltd. | 35,449 | 1,093,230 | |||
Reliance Power, Ltd. (A) | 70,059 | 10,844 | |||
Sanofi India, Ltd. | 330 | 40,873 | |||
SBI Life Insurance Company, Ltd. (B) | 2,278 | 37,074 | |||
Schaeffler India, Ltd. | 316 | 31,279 | |||
Sequent Scientific, Ltd. (A) | 6,725 | 21,129 | |||
SH Kelkar & Company, Ltd. (B) | 2,917 | 5,883 | |||
Shoppers Stop, Ltd. (A) | 6,430 | 21,116 | |||
Shree Cement, Ltd. | 180 | 69,504 | |||
Shriram City Union Finance, Ltd. | 1,314 | 37,850 | |||
Shriram Transport Finance Company, Ltd. | 8,324 | 153,122 | |||
Siemens, Ltd. | 491 | 15,243 | |||
SKF India, Ltd. | 1,306 | 54,920 | |||
Sobha, Ltd. | 2,447 | 20,889 | |||
Solar Industries India, Ltd. | 775 | 18,502 | |||
Sonata Software, Ltd. | 2,617 | 29,881 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 24 |
Shares | Value | ||||
India (continued) | |||||
SpiceJet, Ltd. (A) | 9,074 | $8,836 | |||
SRF, Ltd. | 858 | 119,530 | |||
State Bank of India | 21,389 | 124,249 | |||
Steel Authority of India, Ltd. | 35,661 | 59,158 | |||
Sterlite Technologies, Ltd. | 5,984 | 21,193 | |||
Strides Pharma Science, Ltd. | 1,444 | 12,076 | |||
Sudarshan Chemical Industries, Ltd. | 1,793 | 16,301 | |||
Sun Pharmaceutical Industries, Ltd. | 14,156 | 153,901 | |||
Sun TV Network, Ltd. | 3,349 | 22,091 | |||
Sundaram Finance Holdings, Ltd. | 10,043 | 10,748 | |||
Sundaram Finance, Ltd. | 1,639 | 58,089 | |||
Sundram Fasteners, Ltd. | 4,560 | 49,536 | |||
Sunteck Realty, Ltd. | 3,702 | 18,558 | |||
Supreme Industries, Ltd. | 1,453 | 43,561 | |||
Supreme Petrochem, Ltd. | 1,965 | 17,801 | |||
Suven Pharmaceuticals, Ltd. | 7,762 | 56,884 | |||
Suvidhaa Infoserve, Ltd. (A) | 257 | 74 | |||
Syngene International, Ltd. (A)(B) | 5,386 | 47,631 | |||
Tanla Platforms, Ltd. | 1,023 | 12,553 | |||
Tata Chemicals, Ltd. | 2,841 | 32,824 | |||
Tata Communications, Ltd. | 2,825 | 54,471 | |||
Tata Consultancy Services, Ltd. | 24,351 | 1,264,377 | |||
Tata Consumer Products, Ltd. | 16,076 | 190,618 | |||
Tata Elxsi, Ltd. | 1,315 | 86,411 | |||
Tata Metaliks, Ltd. | 1,562 | 22,505 | |||
Tata Motors, Ltd. (A) | 45,265 | 178,446 | |||
Tata Steel, Ltd. | 10,874 | 214,780 | |||
Tech Mahindra, Ltd. | 15,352 | 304,278 | |||
The Great Eastern Shipping Company, Ltd. | 4,812 | 23,500 | |||
The India Cements, Ltd. | 6,706 | 14,984 | |||
The Indian Hotels Company, Ltd. | 21,970 | 42,057 | |||
The Karnataka Bank, Ltd. | 11,008 | 9,265 | |||
The Karur Vysya Bank, Ltd. | 30,314 | 18,143 | |||
The Phoenix Mills, Ltd. (A) | 3,443 | 40,739 | |||
The Ramco Cements, Ltd. | 4,331 | 59,711 | |||
The South Indian Bank, Ltd. (A) | 46,489 | 6,284 | |||
The Tata Power Company, Ltd. | 51,479 | 90,723 | |||
Thermax, Ltd. | 1,264 | 24,356 | |||
Thomas Cook India, Ltd. (A) | 8,758 | 7,066 | |||
Thyrocare Technologies, Ltd. (B) | 792 | 14,054 | |||
Time Technoplast, Ltd. | 8,084 | 8,293 | |||
Timken India, Ltd. | 647 | 14,713 | |||
Titan Company, Ltd. | 5,221 | 137,043 | |||
Torrent Pharmaceuticals, Ltd. | 1,873 | 79,459 |
25 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
India (continued) | |||||
Torrent Power, Ltd. | 6,822 | $45,069 | |||
Trident, Ltd. | 74,360 | 20,963 | |||
Triveni Engineering & Industries, Ltd. (A) | 7,321 | 17,303 | |||
Tube Investments of India, Ltd. | 6,351 | 120,828 | |||
TVS Motor Company, Ltd. | 1,895 | 13,613 | |||
UltraTech Cement, Ltd. | 1,459 | 156,211 | |||
United Spirits, Ltd. (A) | 6,131 | 59,827 | |||
UPL, Ltd. | 19,517 | 197,213 | |||
VA Tech Wabag, Ltd. (A) | 1,854 | 8,512 | |||
Vaibhav Global, Ltd. | 4,525 | 44,845 | |||
Vakrangee, Ltd. | 23,506 | 12,594 | |||
Vardhman Textiles, Ltd. (A) | 726 | 18,326 | |||
Varun Beverages, Ltd. | 3,804 | 43,949 | |||
Vedanta, Ltd. | 9,334 | 38,608 | |||
V-Guard Industries, Ltd. | 5,667 | 18,963 | |||
Vinati Organics, Ltd. | 1,364 | 33,565 | |||
V-Mart Retail, Ltd. (A) | 527 | 25,816 | |||
Vodafone Idea, Ltd. (A) | 184,086 | 15,219 | |||
Welspun Corp., Ltd. | 6,625 | 10,767 | |||
Welspun Enterprises, Ltd. | 5,021 | 6,723 | |||
Welspun India, Ltd. | 19,448 | 33,683 | |||
West Coast Paper Mills, Ltd. (A) | 2,240 | 7,175 | |||
Wheels India, Ltd. | 626 | 7,066 | |||
Wipro, Ltd. | 34,273 | 300,453 | |||
Wockhardt, Ltd. (A) | 2,843 | 15,813 | |||
Yes Bank, Ltd. (A) | 94,414 | 13,957 | |||
Zee Entertainment Enterprises, Ltd. | 33,911 | 79,550 | |||
Zensar Technologies, Ltd. | 4,737 | 29,257 | |||
Indonesia 1.5% | 2,924,743 | ||||
Ace Hardware Indonesia Tbk PT | 416,900 | 40,541 | |||
Adaro Energy Tbk PT | 644,300 | 56,874 | |||
AKR Corporindo Tbk PT | 65,100 | 17,730 | |||
Alam Sutera Realty Tbk PT (A) | 750,400 | 8,516 | |||
Aneka Tambang Tbk | 220,654 | 36,948 | |||
Arwana Citramulia Tbk PT | 400,400 | 21,332 | |||
Astra International Tbk PT | 270,800 | 99,139 | |||
Astrindo Nusantara Infrastructure Tbk PT (A) | 3,785,000 | 13,269 | |||
Asuransi Maximus Graha Persada Tbk PT (A) | 277,300 | 2,727 | |||
Bakrie Telecom Tbk PT (A)(D) | 22,579,900 | 39,579 | |||
Bank BTPN Syariah Tbk PT | 79,200 | 15,533 | |||
Bank Central Asia Tbk PT | 157,900 | 362,446 | |||
Bank Mandiri Persero Tbk PT | 201,392 | 86,093 | |||
Bank Negara Indonesia Persero Tbk PT | 107,203 | 40,508 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 26 |
Shares | Value | ||||
Indonesia (continued) | |||||
Bank Pan Indonesia Tbk PT (A) | 191,900 | $10,557 | |||
Bank Rakyat Indonesia Persero Tbk PT | 749,700 | 206,171 | |||
Bank Tabungan Negara Persero Tbk PT (A) | 190,698 | 18,747 | |||
Barito Pacific Tbk PT | 326,600 | 24,365 | |||
BISI International Tbk PT | 514,000 | 34,988 | |||
Buana Lintas Lautan Tbk PT (A) | 605,600 | 10,948 | |||
Bukit Asam Tbk PT | 184,700 | 27,314 | |||
Bumi Serpong Damai Tbk PT (A) | 427,200 | 28,741 | |||
Bumi Teknokultura Unggul Tbk PT (A) | 1,489,900 | 5,223 | |||
Capital Financial Indonesia Tbk PT (A) | 369,300 | 9,993 | |||
Charoen Pokphand Indonesia Tbk PT | 137,720 | 61,730 | |||
Ciputra Development Tbk PT | 455,461 | 27,905 | |||
Citra Marga Nusaphala Persada Tbk PT (A) | 302,662 | 34,681 | |||
City Retail Developments Tbk PT (A) | 1,918,900 | 19,207 | |||
Erajaya Swasembada Tbk PT | 459,100 | 19,426 | |||
Gudang Garam Tbk PT | 11,943 | 27,656 | |||
Hanson International Tbk PT (A)(D) | 4,000,200 | 14,023 | |||
Indah Kiat Pulp & Paper Tbk PT | 98,200 | 54,345 | |||
Indika Energy Tbk PT (A) | 129,600 | 12,171 | |||
Indo Tambangraya Megah Tbk PT | 23,700 | 26,570 | |||
Indocement Tunggal Prakarsa Tbk PT | 39,800 | 31,360 | |||
Indofood CBP Sukses Makmur Tbk PT (A) | 37,500 | 22,159 | |||
Indofood Sukses Makmur Tbk PT (A) | 181,000 | 78,299 | |||
Indo-Rama Synthetics Tbk PT (A) | 16,900 | 4,843 | |||
Indosat Tbk PT (A) | 29,500 | 13,083 | |||
Inovisi Infracom Tbk PT (A)(D) | 671,012 | 132 | |||
Japfa Comfeed Indonesia Tbk PT | 311,000 | 39,370 | |||
Kalbe Farma Tbk PT | 565,000 | 53,253 | |||
Kapuas Prima Coal Tbk PT (A) | 551,200 | 5,061 | |||
Link Net Tbk PT | 56,900 | 16,156 | |||
Lippo Karawaci Tbk PT (A) | 1,947,337 | 18,135 | |||
Mayora Indah Tbk PT | 103,900 | 15,665 | |||
Medco Energi Internasional Tbk PT (A) | 376,992 | 12,543 | |||
Media Nusantara Citra Tbk PT (A) | 365,800 | 22,433 | |||
Merdeka Copper Gold Tbk PT (A) | 234,100 | 46,260 | |||
Mitra Adiperkasa Tbk PT (A) | 359,500 | 18,644 | |||
Mitra Keluarga Karyasehat Tbk PT | 85,700 | 13,993 | |||
MNC Sky Vision Tbk PT (A) | 430,900 | 11,375 | |||
MNC Vision Networks Tbk PT (A) | 520,500 | 10,139 | |||
Pabrik Kertas Tjiwi Kimia Tbk PT | 20,000 | 10,582 | |||
Pakuwon Jati Tbk PT (A) | 592,000 | 18,977 | |||
Paninvest Tbk PT (A) | 379,500 | 19,962 | |||
Perusahaan Gas Negara Tbk PT (A) | 367,300 | 26,617 | |||
Perusahaan Perkebunan London Sumatra Indonesia Tbk PT (A) | 237,500 | 18,229 |
27 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Indonesia (continued) | |||||
Pool Advista Indonesia Tbk PT (A)(D) | 37,300 | $131 | |||
PP Persero Tbk PT (A) | 214,287 | 13,572 | |||
Puradelta Lestari Tbk PT | 506,700 | 6,667 | |||
Ramayana Lestari Sentosa Tbk PT (A) | 152,300 | 6,825 | |||
Rimo International Lestari Tbk PT (A)(D) | 2,464,700 | 8,640 | |||
Sampoerna Agro Tbk PT (A) | 618,600 | 76,061 | |||
Sarana Menara Nusantara Tbk PT | 545,700 | 51,260 | |||
Semen Indonesia Persero Tbk PT | 87,000 | 56,343 | |||
Sinar Mas Multiartha Tbk PT (A) | 37,000 | 30,475 | |||
Sri Rejeki Isman Tbk PT (A)(D) | 937,100 | 9,593 | |||
Sugih Energy Tbk PT (A)(D) | 8,409,300 | 29,480 | |||
Sumber Alfaria Trijaya Tbk PT | 217,500 | 20,612 | |||
Summarecon Agung Tbk PT (A) | 388,947 | 21,645 | |||
Surya Citra Media Tbk PT (A) | 218,700 | 31,103 | |||
Surya Semesta Internusa Tbk PT (A) | 132,900 | 4,543 | |||
Suryainti Permata Tbk PT (A)(D) | 1,802,000 | 0 | |||
Telkom Indonesia Persero Tbk PT | 615,500 | 146,884 | |||
Tempo Scan Pacific Tbk PT | 65,700 | 6,746 | |||
Tower Bersama Infrastructure Tbk PT | 200,600 | 43,992 | |||
Trada Alam Minera Tbk PT (A)(D) | 1,919,200 | 4,710 | |||
Transcoal Pacific Tbk PT (A) | 27,200 | 16,207 | |||
Trias Sentosa Tbk PT | 706,000 | 26,004 | |||
Truba Alam Manunggal Engineering PT (A)(D) | 19,436,000 | 0 | |||
Tunas Ridean Tbk PT | 542,200 | 49,505 | |||
Ultrajaya Milk Industry & Trading Company Tbk PT | 211,100 | 23,451 | |||
Unilever Indonesia Tbk PT | 123,800 | 35,151 | |||
United Tractors Tbk PT | 67,500 | 94,882 | |||
Vale Indonesia Tbk PT | 65,100 | 23,158 | |||
Waskita Beton Precast Tbk PT (A) | 592,800 | 5,567 | |||
Wijaya Karya Persero Tbk PT (A) | 178,676 | 11,755 | |||
XL Axiata Tbk PT | 141,800 | 26,515 | |||
Malaysia 1.5% | 2,949,995 | ||||
7-Eleven Malaysia Holdings BHD | 7,039 | 2,578 | |||
Alliance Bank Malaysia BHD | 38,100 | 23,471 | |||
AMMB Holdings BHD (A) | 46,050 | 33,579 | |||
Axiata Group BHD | 52,007 | 51,816 | |||
Batu Kawan BHD | 18,700 | 93,948 | |||
Berjaya Sports Toto BHD | 31,065 | 14,797 | |||
BIMB Holdings BHD (C) | 25,000 | 23,877 | |||
Bintulu Port Holdings BHD | 300 | 332 | |||
Boustead Holdings BHD (A) | 20,507 | 2,983 | |||
Boustead Plantations BHD | 760 | 113 | |||
British American Tobacco Malaysia BHD | 6,400 | 21,644 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 28 |
Shares | Value | ||||
Malaysia (continued) | |||||
Bursa Malaysia BHD | 12,800 | $23,137 | |||
Cahya Mata Sarawak BHD | 29,300 | 8,895 | |||
Carlsberg Brewery Malaysia BHD | 3,600 | 19,403 | |||
CIMB Group Holdings BHD | 82,360 | 97,299 | |||
Comfort Glove BHD | 24,000 | 10,378 | |||
Cypark Resources BHD (A) | 34,200 | 7,656 | |||
D&O Green Technologies BHD (C) | 21,500 | 27,015 | |||
Dayang Enterprise Holdings BHD (A)(C) | 35,200 | 9,381 | |||
Dialog Group BHD | 48,660 | 31,132 | |||
DiGi.Com BHD | 56,480 | 59,692 | |||
DRB-Hicom BHD | 45,900 | 18,462 | |||
Eco World Development Group BHD | 30,700 | 5,244 | |||
Fraser & Neave Holdings BHD | 5,600 | 37,599 | |||
Frontken Corp. BHD | 29,400 | 24,090 | |||
Gamuda BHD (A) | 40,633 | 29,436 | |||
Genting BHD | 29,800 | 36,211 | |||
Genting Malaysia BHD | 34,700 | 24,802 | |||
Genting Plantations BHD | 10,000 | 18,547 | |||
Globetronics Technology BHD | 39,686 | 19,900 | |||
Guan Chong BHD | 16,900 | 12,102 | |||
HAP Seng Consolidated BHD | 15,839 | 32,380 | |||
Hartalega Holdings BHD (C) | 30,300 | 53,773 | |||
Heineken Malaysia BHD | 2,100 | 11,538 | |||
Hibiscus Petroleum BHD | 88,200 | 14,072 | |||
Hong Leong Bank BHD | 9,434 | 43,541 | |||
Hong Leong Financial Group BHD | 4,961 | 21,758 | |||
IGB BHD (A) | 46,072 | 21,536 | |||
IHH Healthcare BHD | 21,200 | 32,616 | |||
IJM Corp. BHD | 68,160 | 30,834 | |||
Inari Amertron BHD | 43,036 | 35,732 | |||
IOI Corp. BHD | 43,100 | 42,744 | |||
IOI Properties Group BHD | 48,571 | 14,936 | |||
JAKS Resources BHD (A) | 114,140 | 14,019 | |||
Keck Seng Malaysia BHD (A) | 65,150 | 53,619 | |||
Kim Loong Resources BHD | 100 | 36 | |||
Kossan Rubber Industries | 36,500 | 27,223 | |||
KPJ Healthcare BHD | 45,500 | 10,941 | |||
Kuala Lumpur Kepong BHD | 7,605 | 39,072 | |||
Lotte Chemical Titan Holding BHD (B) | 467 | 288 | |||
LPI Capital BHD | 11,020 | 36,692 | |||
Magnum BHD | 35,653 | 17,403 | |||
Malakoff Corp. BHD | 78,100 | 16,547 | |||
Malayan Banking BHD | 68,405 | 138,192 | |||
Malaysia Airports Holdings BHD (A) | 22,388 | 35,712 |
29 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Malaysia (continued) | |||||
Malaysia Building Society BHD (C) | 76,431 | $11,763 | |||
Malaysian Pacific Industries BHD | 2,238 | 23,816 | |||
Malaysian Resources Corp. BHD | 124,363 | 11,839 | |||
Maxis BHD | 51,585 | 58,182 | |||
Mega First Corp. BHD | 6,600 | 5,643 | |||
MISC BHD | 14,650 | 25,419 | |||
Muhibbah Engineering M BHD | 10,300 | 2,296 | |||
My EG Services BHD | 61,415 | 27,522 | |||
Nestle Malaysia BHD | 1,400 | 45,373 | |||
Padini Holdings BHD | 21,500 | 16,174 | |||
Pentamaster Corp. BHD | 13,562 | 17,321 | |||
Petronas Chemicals Group BHD | 33,200 | 66,263 | |||
Petronas Dagangan BHD | 5,900 | 28,392 | |||
Petronas Gas BHD | 8,300 | 33,557 | |||
PPB Group BHD | 6,300 | 28,080 | |||
Press Metal Aluminium Holdings BHD | 38,700 | 50,293 | |||
Public Bank BHD | 245,800 | 247,223 | |||
QL Resources BHD | 21,735 | 29,058 | |||
RHB Bank BHD | 31,374 | 42,222 | |||
Sam Engineering & Equipment M BHD | 3,000 | 10,759 | |||
Sapura Energy BHD (A)(C) | 592,857 | 17,679 | |||
Scientex BHD | 11,900 | 12,830 | |||
SEG International BHD | 33,942 | 5,106 | |||
Serba Dinamik Holdings BHD | 57,750 | 5,832 | |||
Sime Darby BHD | 93,374 | 52,964 | |||
Sime Darby Plantation BHD | 26,414 | 25,612 | |||
Sime Darby Property BHD | 130,274 | 19,248 | |||
SKP Resources BHD | 21,625 | 9,607 | |||
SP Setia BHD Group (A) | 53,308 | 14,907 | |||
Sunway BHD | 29,977 | 12,825 | |||
Supermax Corp. BHD (C) | 28,413 | 22,537 | |||
Syarikat Takaful Malaysia Keluarga BHD | 23,400 | 25,240 | |||
Tan Chong Motor Holdings BHD | 3,800 | 1,069 | |||
Telekom Malaysia BHD | 15,756 | 23,202 | |||
Tenaga Nasional BHD | 28,100 | 70,715 | |||
TIME dotCom BHD | 33,120 | 36,707 | |||
Top Glove Corp. BHD (C) | 90,400 | 86,978 | |||
UMW Holdings BHD | 14,100 | 10,730 | |||
United Malacca BHD | 29,750 | 36,513 | |||
United Plantations BHD | 4,900 | 15,973 | |||
Velesto Energy BHD (A) | 250,631 | 8,989 | |||
ViTrox Corp. BHD | 4,200 | 18,973 | |||
VS Industry BHD | 39,700 | 13,793 | |||
Westports Holdings BHD | 20,500 | 21,675 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 30 |
Shares | Value | ||||
Malaysia (continued) | |||||
Yinson Holdings BHD | 33,600 | $39,585 | |||
YTL Corp. BHD (A) | 152,561 | 24,788 | |||
Mexico 2.8% | 5,581,525 | ||||
ALEATICA SAB de CV (A) | 9,600 | 10,038 | |||
Alfa SAB de CV, Class A | 190,450 | 133,706 | |||
Alpek SAB de CV | 28,981 | 34,069 | |||
Alsea SAB de CV (A) | 18,670 | 36,524 | |||
America Movil SAB de CV, Series L | 475,298 | 465,974 | |||
Arca Continental SAB de CV | 3,472 | 22,365 | |||
Banco del Bajio SA (B) | 31,497 | 60,033 | |||
Becle SAB de CV | 6,635 | 17,017 | |||
Bolsa Mexicana de Valores SAB de CV | 16,163 | 33,559 | |||
Cemex SAB de CV, Series CPO (A) | 188,452 | 155,573 | |||
Coca-Cola Femsa SAB de CV | 5,951 | 34,499 | |||
Coca-Cola Femsa SAB de CV, ADR | 600 | 34,740 | |||
Controladora Nemak SAB de CV (A) | 139,955 | 21,254 | |||
Controladora Vuela Cia de Aviacion SAB de CV, Class A (A)(C) | 27,701 | 55,446 | |||
Corp. Inmobiliaria Vesta SAB de CV | 16,677 | 31,022 | |||
Dine SAB de CV (A) | 103,700 | 92,940 | |||
El Puerto de Liverpool SAB de CV, Series C1 | 5,226 | 23,223 | |||
Elementia SAB de CV (A)(B) | 22,179 | 16,797 | |||
Fomento Economico Mexicano SAB de CV | 16,775 | 145,758 | |||
GCC SAB de CV | 5,743 | 46,181 | |||
Genomma Lab Internacional SAB de CV, Class B (A) | 23,657 | 22,816 | |||
Gentera SAB de CV (A) | 62,333 | 34,264 | |||
Gruma SAB de CV, Class B | 5,255 | 59,866 | |||
Grupo Aeroportuario del Centro Norte SAB de CV (A) | 3,782 | 22,795 | |||
Grupo Aeroportuario del Pacifico SAB de CV, ADR (A) | 536 | 62,396 | |||
Grupo Aeroportuario del Sureste SAB de CV, ADR (A) | 328 | 58,640 | |||
Grupo Bimbo SAB de CV, Series A | 38,348 | 96,844 | |||
Grupo Carso SAB de CV, Series A1 | 10,209 | 34,881 | |||
Grupo Comercial Chedraui SA de CV | 18,846 | 29,474 | |||
Grupo Elektra SAB de CV | 1,095 | 87,370 | |||
Grupo Financiero Banorte SAB de CV, Series O | 46,552 | 307,279 | |||
Grupo Financiero Inbursa SAB de CV, Series O (A) | 41,050 | 39,448 | |||
Grupo Gigante SAB de CV (A) | 166,920 | 202,791 | |||
Grupo Herdez SAB de CV | 9,671 | 20,942 | |||
Grupo Hotelero Santa Fe SAB de CV (A) | 83,186 | 20,047 | |||
Grupo Industrial Saltillo SAB de CV | 41,607 | 60,057 | |||
Grupo KUO SAB de CV, Series B (A) | 136,788 | 315,340 | |||
Grupo Lala SAB de CV (C) | 23,373 | 19,993 | |||
Grupo Mexico SAB de CV, Series B | 46,976 | 217,805 | |||
Grupo Sanborns SAB de CV (A) | 187,200 | 209,067 |
31 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Mexico (continued) | |||||
Grupo Simec SAB de CV, Series B (A) | 12,062 | $96,393 | |||
Grupo Televisa SAB, Series CPO | 71,864 | 189,285 | |||
Hoteles City Express SAB de CV (A) | 17,674 | 6,028 | |||
Industrias Bachoco SAB de CV, Series B | 7,795 | 28,337 | |||
Industrias CH SAB de CV, Series B (A) | 14,379 | 115,410 | |||
Industrias Penoles SAB de CV (A) | 4,093 | 57,696 | |||
Kimberly-Clark de Mexico SAB de CV, Class A | 26,978 | 47,874 | |||
La Comer SAB de CV | 12,689 | 23,054 | |||
Megacable Holdings SAB de CV, Series CPO | 31,270 | 109,018 | |||
Minera Frisco SAB de CV, Series A1 (A) | 554,562 | 112,934 | |||
Nemak SAB de CV (A)(B) | 27,159 | 8,709 | |||
Orbia Advance Corp. SAB de CV | 44,532 | 127,250 | |||
Organizacion Cultiba SAB de CV | 45,332 | 24,399 | |||
Organizacion Soriana SAB de CV, Series B (A) | 603,532 | 726,017 | |||
Promotora y Operadora de Infraestructura SAB de CV | 7,381 | 55,126 | |||
Promotora y Operadora de Infraestructura SAB de CV, L Shares | 4,040 | 20,156 | |||
Qualitas Controladora SAB de CV | 4,704 | 22,255 | |||
Regional SAB de CV | 17,949 | 109,978 | |||
Telesites SAB de CV (A)(C) | 46,039 | 42,202 | |||
Unifin Financiera SAB de CV (A) | 10,570 | 14,999 | |||
Vitro SAB de CV, Series A | 21,684 | 26,992 | |||
Wal-Mart de Mexico SAB de CV | 63,287 | 224,580 | |||
Netherlands 0.2% | 388,616 | ||||
Prosus NV (A) | 3,827 | 334,757 | |||
VEON, Ltd., ADR (A) | 24,593 | 53,859 | |||
Peru 0.1% | 174,408 | ||||
Cia de Minas Buenaventura SAA, ADR (A) | 2,497 | 18,728 | |||
Credicorp, Ltd. (A) | 1,460 | 155,680 | |||
Fossal SAA, ADR (A) | 48 | 0 | |||
Philippines 1.3% | 2,467,134 | ||||
8990 Holdings, Inc. (A) | 111,700 | 16,779 | |||
Aboitiz Equity Ventures, Inc. | 50,150 | 43,250 | |||
Aboitiz Power Corp. | 37,100 | 20,887 | |||
ACR Mining Corp. (A)(D) | 3,145 | 1,132 | |||
Alliance Global Group, Inc. | 165,600 | 34,278 | |||
Ayala Corp. | 2,700 | 42,921 | |||
Ayala Land, Inc. | 54,500 | 36,943 | |||
Bank of the Philippine Islands | 50,510 | 84,540 | |||
BDO Unibank, Inc. | 54,922 | 121,441 | |||
Belle Corp. (A) | 887,000 | 24,215 | |||
Bloomberry Resorts Corp. (A) | 164,300 | 19,535 | |||
Century Pacific Food, Inc. | 56,050 | 28,806 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 32 |
Shares | Value | ||||
Philippines (continued) | |||||
China Banking Corp. | 154,535 | $75,925 | |||
COL Financial Group, Inc. | 100,000 | 8,702 | |||
Cosco Capital, Inc. | 126,900 | 12,707 | |||
D&L Industries, Inc. | 183,300 | 29,735 | |||
DMCI Holdings, Inc. | 313,100 | 39,780 | |||
Eagle Cement Corp. | 35,100 | 10,079 | |||
Emperador, Inc. | 80,000 | 26,723 | |||
Filinvest Land, Inc. | 909,750 | 20,654 | |||
First Gen Corp. | 31,500 | 17,923 | |||
First Philippine Holdings Corp. | 16,990 | 26,505 | |||
Globe Telecom, Inc. | 895 | 48,994 | |||
GT Capital Holdings, Inc. | 2,746 | 29,766 | |||
Integrated Micro-Electronics, Inc. (A) | 54,655 | 9,516 | |||
International Container Terminal Services, Inc. | 21,940 | 82,109 | |||
JG Summit Holdings, Inc. | 23,617 | 30,819 | |||
Jollibee Foods Corp. | 4,950 | 20,074 | |||
LT Group, Inc. | 87,200 | 14,999 | |||
Manila Electric Company | 5,260 | 29,802 | |||
Max’s Group, Inc. (A) | 52,200 | 6,952 | |||
Megaworld Corp. | 515,500 | 29,197 | |||
Metro Pacific Investments Corp. | 465,300 | 35,981 | |||
Metropolitan Bank & Trust Company | 32,944 | 29,919 | |||
Nickel Asia Corp. | 255,060 | 28,941 | |||
Petron Corp. (A) | 165,900 | 10,102 | |||
Philex Mining Corp. | 67,800 | 7,499 | |||
Philippine Stock Exchange, Inc. | 12,074 | 52,711 | |||
Phoenix Petroleum Philippines, Inc. (A) | 100,600 | 26,247 | |||
PLDT, Inc. | 2,130 | 62,551 | |||
Puregold Price Club, Inc. | 41,800 | 35,038 | |||
RFM Corp. | 101,000 | 9,165 | |||
Rizal Commercial Banking Corp. | 184,093 | 73,130 | |||
Robinsons Land Corp. | 107,596 | 35,573 | |||
Robinsons Retail Holdings, Inc. | 27,050 | 27,725 | |||
San Miguel Corp. | 23,434 | 50,130 | |||
San Miguel Food and Beverage, Inc. | 21,830 | 34,246 | |||
Security Bank Corp. | 10,247 | 23,298 | |||
Semirara Mining & Power Corp. | 82,220 | 28,046 | |||
SM Investments Corp. | 2,595 | 52,455 | |||
SM Prime Holdings, Inc. | 118,504 | 80,843 | |||
Top Frontier Investment Holdings, Inc. (A) | 24,482 | 67,703 | |||
Union Bank of the Philippines | 300,071 | 519,545 | |||
Universal Robina Corp. | 20,710 | 62,668 | |||
Vista Land & Lifescapes, Inc. | 295,200 | 21,170 | |||
Vistamalls, Inc. | 172,400 | 13,207 |
33 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Philippines (continued) | |||||
Wilcon Depot, Inc. | 66,800 | $33,553 | |||
Poland 0.9% | 1,677,942 | ||||
Alior Bank SA (A) | 6,720 | 76,658 | |||
Asseco Poland SA | 2,669 | 58,481 | |||
Bank Handlowy w Warszawie SA (A) | 1,958 | 23,417 | |||
Bank Millennium SA (A) | 25,326 | 43,672 | |||
Bank Polska Kasa Opieki SA (A) | 1,680 | 46,979 | |||
Benefit Systems SA (A) | 45 | 8,670 | |||
Budimex SA | 366 | 28,288 | |||
CCC SA (A) | 1,168 | 37,392 | |||
CD Projekt SA | 767 | 34,063 | |||
Ciech SA | 2,152 | 26,409 | |||
Cyfrowy Polsat SA | 4,096 | 39,122 | |||
Dino Polska SA (A)(B) | 881 | 74,677 | |||
Dom Development SA | 481 | 17,975 | |||
Enea SA (A) | 9,798 | 25,424 | |||
Eurocash SA | 3,066 | 9,527 | |||
Famur SA (A) | 18,129 | 11,179 | |||
Firma Oponiarska Debica SA | 1,550 | 32,946 | |||
Globe Trade Centre SA (A) | 16,195 | 29,513 | |||
Grupa Azoty SA (A) | 2,417 | 18,492 | |||
Grupa Kety SA | 368 | 63,818 | |||
Grupa Lotos SA | 2,650 | 40,280 | |||
ING Bank Slaski SA (A) | 539 | 32,557 | |||
Inter Cars SA | 235 | 24,912 | |||
Jastrzebska Spolka Weglowa SA (A) | 2,183 | 23,002 | |||
KGHM Polska Miedz SA | 2,494 | 116,164 | |||
KRUK SA | 617 | 51,042 | |||
LiveChat Software SA | 519 | 15,227 | |||
LPP SA | 20 | 72,975 | |||
Lubelski Wegiel Bogdanka SA (A) | 888 | 5,942 | |||
mBank SA (A) | 266 | 25,747 | |||
Neuca SA | 55 | 13,425 | |||
Orange Polska SA (A) | 19,328 | 41,759 | |||
PGE Polska Grupa Energetyczna SA (A) | 22,745 | 59,886 | |||
Polski Koncern Naftowy ORLEN SA | 8,896 | 172,481 | |||
Polskie Gornictwo Naftowe i Gazownictwo SA | 25,583 | 42,076 | |||
Powszechna Kasa Oszczednosci Bank Polski SA (A) | 6,409 | 70,353 | |||
Powszechny Zaklad Ubezpieczen SA (A) | 6,302 | 66,786 | |||
Santander Bank Polska SA (A) | 525 | 41,430 | |||
Tauron Polska Energia SA (A) | 42,147 | 39,928 | |||
Wirtualna Polska Holding SA | 420 | 15,268 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 34 |
Shares | Value | ||||
Qatar 0.7% | $1,448,970 | ||||
Aamal Company | 78,358 | 21,327 | |||
Al Meera Consumer Goods Company QSC | 2,564 | 13,938 | |||
Baladna | 26,118 | 11,797 | |||
Barwa Real Estate Company | 68,261 | 57,457 | |||
Commercial Bank PSQC | 46,104 | 76,478 | |||
Doha Bank QPSC | 37,593 | 29,731 | |||
Gulf International Services QSC (A) | 55,100 | 22,480 | |||
Gulf Warehousing Company | 16,297 | 22,810 | |||
Industries Qatar QSC | 6,395 | 22,559 | |||
Investment Holding Group (A) | 78,872 | 26,857 | |||
Mannai Corp. QSC | 13,134 | 14,445 | |||
Masraf Al Rayan QSC | 36,824 | 46,021 | |||
Mazaya Real Estate Development QPSC | 25,140 | 7,354 | |||
Medicare Group | 4,460 | 10,346 | |||
Mesaieed Petrochemical Holding Company | 67,059 | 36,816 | |||
Ooredoo QPSC | 28,318 | 53,706 | |||
Qatar Electricity & Water Company QSC | 10,668 | 48,652 | |||
Qatar First Bank (A) | 42,751 | 21,234 | |||
Qatar Fuel QSC | 7,605 | 38,198 | |||
Qatar Gas Transport Company, Ltd. | 51,741 | 43,978 | |||
Qatar Insurance Company SAQ (A) | 47,574 | 32,489 | |||
Qatar International Islamic Bank QSC | 15,175 | 40,015 | |||
Qatar Islamic Bank SAQ | 24,617 | 123,736 | |||
Qatar National Bank QPSC | 91,578 | 481,989 | |||
Qatar National Cement Company QSC | 7,683 | 10,566 | |||
Qatar Navigation QSC | 18,660 | 38,385 | |||
Salam International Investment, Ltd. QSC (A) | 80,910 | 21,109 | |||
United Development Company QSC | 78,676 | 32,647 | |||
Vodafone Qatar QSC | 67,886 | 29,567 | |||
Zad Holding Company | 2,835 | 12,283 | |||
Romania 0.0% | 91,417 | ||||
NEPI Rockcastle PLC | 12,693 | 91,417 | |||
Russia 1.0% | 1,960,930 | ||||
Etalon Group PLC, GDR | 2,625 | 4,404 | |||
Gazprom PJSC, ADR (London Stock Exchange) | 30,453 | 252,485 | |||
Globaltrans Investment PLC, GDR | 2,640 | 21,712 | |||
LUKOIL PJSC, ADR | 3,474 | 294,244 | |||
Magnitogorsk Iron & Steel Works PJSC, GDR | 2,363 | 30,788 | |||
Mail.Ru Group, Ltd., GDR (A) | 1,119 | 22,526 | |||
MMC Norilsk Nickel PJSC, ADR | 6,720 | 221,120 | |||
Mobile TeleSystems PJSC, ADR | 7,477 | 70,134 | |||
Novatek PJSC, GDR | 143 | 33,893 | |||
Novolipetsk Steel PJSC, GDR | 1,198 | 40,008 |
35 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Russia (continued) | |||||
PhosAgro PJSC, GDR | 1,991 | $39,184 | |||
Polyus PJSC, GDR | 589 | 52,243 | |||
Ros Agro PLC, GDR | 1,484 | 23,804 | |||
Rosneft Oil Company PJSC, GDR (London Stock Exchange) | 7,688 | 55,443 | |||
Rostelecom PJSC, ADR | 3,714 | 30,041 | |||
RusHydro PJSC, ADR | 28,619 | 31,552 | |||
Sberbank of Russia PJSC, ADR | 27,591 | 493,051 | |||
Severstal PAO, GDR | 2,129 | 49,411 | |||
Tatneft PJSC, ADR | 2,610 | 103,878 | |||
VTB Bank PJSC, GDR | 23,800 | 33,126 | |||
X5 Retail Group NV, GDR | 1,747 | 57,883 | |||
Saudi Arabia 2.5% | 4,972,613 | ||||
Abdullah Al Othaim Markets Company | 1,682 | 51,709 | |||
Advanced Petrochemical Company | 2,127 | 40,601 | |||
Al Hammadi Company for Development and Investment | 1,961 | 20,703 | |||
Al Moammar Information Systems Company | 488 | 22,647 | |||
Al Rajhi Bank | 18,938 | 610,863 | |||
Al Rajhi Company For Co-Operative Insurance (A) | 630 | 16,721 | |||
AlAbdullatif Industrial Investment Company | 1,143 | 11,221 | |||
Alaseel Company | 470 | 10,720 | |||
Aldrees Petroleum and Transport Services Company | 992 | 18,176 | |||
Alinma Bank | 23,139 | 141,309 | |||
Almarai Company JSC | 7,174 | 111,004 | |||
Arab National Bank | 7,515 | 45,860 | |||
Arabian Cement Company | 2,332 | 27,200 | |||
Arabian Centres Company, Ltd. | 1,874 | 12,476 | |||
Arriyadh Development Company | 2,358 | 19,598 | |||
Aseer Trading Tourism & Manufacturing Company (A) | 1,612 | 10,709 | |||
Astra Industrial Group | 898 | 10,387 | |||
Bank AlBilad (A) | 12,100 | 137,874 | |||
Bank Al-Jazira | 8,296 | 40,945 | |||
Banque Saudi Fransi | 6,999 | 75,579 | |||
Bupa Arabia for Cooperative Insurance Company | 2,041 | 90,848 | |||
City Cement Company | 1,425 | 11,090 | |||
Dallah Healthcare Company | 1,278 | 25,608 | |||
Dar Al Arkan Real Estate Development Company (A) | 17,729 | 48,165 | |||
Dr Sulaiman Al Habib Medical Services Group Company | 942 | 46,105 | |||
Dur Hospitality Company (A) | 1,154 | 10,041 | |||
Eastern Province Cement Company | 818 | 11,276 | |||
Electrical Industries Company | 2,157 | 19,123 | |||
Emaar Economic City (A) | 14,863 | 50,674 | |||
Etihad Etisalat Company | 15,972 | 136,248 | |||
Halwani Brothers Company | 466 | 12,445 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 36 |
Shares | Value | ||||
Saudi Arabia (continued) | |||||
Herfy Food Services Company | 703 | $12,258 | |||
Jarir Marketing Company | 1,385 | 79,982 | |||
Leejam Sports Company JSC | 843 | 21,285 | |||
Maharah Human Resources Company | 995 | 21,058 | |||
Middle East Paper Company (A) | 1,693 | 18,053 | |||
Mobile Telecommunications Company Saudi Arabia (A) | 18,142 | 70,033 | |||
Mouwasat Medical Services Company | 991 | 51,744 | |||
Najran Cement Company | 4,857 | 27,442 | |||
National Gas & Industrialization Company | 1,152 | 15,787 | |||
National Industrialization Company (A) | 7,052 | 39,243 | |||
National Petrochemical Company | 3,266 | 41,359 | |||
Northern Region Cement Company | 4,267 | 19,669 | |||
Rabigh Refining & Petrochemical Company (A) | 9,052 | 59,410 | |||
Riyad Bank | 18,825 | 134,992 | |||
SABIC Agri-Nutrients Company | 2,927 | 97,845 | |||
Sahara International Petrochemical Company | 13,711 | 121,724 | |||
Saudi Arabian Mining Company (A) | 8,479 | 164,549 | |||
Saudi Automotive Services Company | 1,130 | 10,785 | |||
Saudi Basic Industries Corp. | 11,044 | 362,083 | |||
Saudi Cement Company | 3,305 | 55,251 | |||
Saudi Ceramic Company | 1,342 | 23,496 | |||
Saudi Chemical Company Holding | 986 | 11,072 | |||
Saudi Electricity Company | 12,156 | 88,469 | |||
Saudi Ground Services Company (A) | 2,496 | 23,294 | |||
Saudi Industrial Investment Group | 6,486 | 62,055 | |||
Saudi Industrial Services Company | 1,613 | 18,776 | |||
Saudi Kayan Petrochemical Company (A) | 31,048 | 154,106 | |||
Saudi Pharmaceutical Industries & Medical Appliances Corp. | 1,447 | 20,367 | |||
Saudi Real Estate Company (A) | 3,007 | 20,362 | |||
Saudi Research & Media Group (A) | 827 | 35,664 | |||
Saudi Telecom Company | 11,914 | 428,798 | |||
Saudia Dairy & Foodstuff Company | 624 | 28,020 | |||
Seera Group Holding (A) | 7,450 | 42,736 | |||
Southern Province Cement Company | 3,179 | 62,978 | |||
Tabuk Cement Company (A) | 2,710 | 16,061 | |||
The Company for Cooperative Insurance | 1,474 | 35,950 | |||
The National Agriculture Development Company (A) | 1,158 | 11,454 | |||
The Qassim Cement Company | 1,844 | 41,141 | |||
The Saudi British Bank | 13,370 | 122,772 | |||
The Saudi Investment Bank | 9,683 | 42,224 | |||
The Saudi National Bank | 2,040 | 33,062 | |||
The Savola Group | 9,000 | 96,382 | |||
Umm Al-Qura Cement Company | 2,052 | 16,680 | |||
United Electronics Company | 1,193 | 45,537 |
37 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Saudi Arabia (continued) | |||||
United International Transportation Company | 1,645 | $22,184 | |||
Walaa Cooperative Insurance Company (A) | 1,753 | 10,415 | |||
Yamama Cement Company (A) | 3,651 | 30,944 | |||
Yanbu Cement Company | 1,870 | 21,320 | |||
Yanbu National Petrochemical Company | 4,637 | 83,817 | |||
Singapore 0.1% | 122,802 | ||||
JOYY, Inc., ADR | 1,940 | 122,802 | |||
South Africa 4.4% | 8,646,513 | ||||
Absa Group, Ltd. (A) | 24,832 | 268,927 | |||
Advtech, Ltd. | 30,094 | 35,209 | |||
AECI, Ltd. | 4,099 | 28,885 | |||
African Rainbow Minerals, Ltd. | 5,734 | 102,189 | |||
Alexander Forbes Group Holdings, Ltd. | 77,526 | 21,301 | |||
Anglo American Platinum, Ltd. | 894 | 101,401 | |||
AngloGold Ashanti, Ltd. | 7,245 | 122,753 | |||
AngloGold Ashanti, Ltd., ADR | 4,794 | 81,882 | |||
Aspen Pharmacare Holdings, Ltd. (A) | 15,371 | 207,260 | |||
Astral Foods, Ltd. | 1,655 | 16,739 | |||
AVI, Ltd. | 10,986 | 57,528 | |||
Barloworld, Ltd. | 12,459 | 92,654 | |||
Bid Corp., Ltd. (A) | 5,510 | 121,098 | |||
Blue Label Telecoms, Ltd. (A) | 40,650 | 16,407 | |||
Capitec Bank Holdings, Ltd. | 1,089 | 142,521 | |||
Cashbuild, Ltd. | 822 | 16,083 | |||
Caxton & CTP Publishers & Printers, Ltd. (A) | 83,154 | 48,362 | |||
Clicks Group, Ltd. | 6,862 | 143,140 | |||
Coronation Fund Managers, Ltd. | 8,366 | 29,840 | |||
Curro Holdings, Ltd. (A) | 9,885 | 7,843 | |||
DataTec, Ltd. | 8,344 | 17,251 | |||
Dis-Chem Pharmacies, Ltd. (B) | 12,218 | 26,188 | |||
Discovery, Ltd. (A) | 16,356 | 145,225 | |||
Distell Group Holdings, Ltd. (A) | 2,740 | 33,918 | |||
Exxaro Resources, Ltd. | 11,053 | 140,401 | |||
FirstRand, Ltd. | 141,880 | 603,998 | |||
Gold Fields, Ltd., ADR | 33,093 | 313,722 | |||
Harmony Gold Mining Company, Ltd., ADR | 29,967 | 113,275 | |||
Impala Platinum Holdings, Ltd. | 27,232 | 417,213 | |||
Imperial Logistics, Ltd. | 9,991 | 43,111 | |||
Investec, Ltd. | 14,490 | 61,808 | |||
Italtile, Ltd. | 28,750 | 33,159 | |||
JSE, Ltd. | 3,574 | 26,187 | |||
KAP Industrial Holdings, Ltd. (A) | 139,182 | 44,056 | |||
Kumba Iron Ore, Ltd. | 1,308 | 58,741 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 38 |
Shares | Value | ||||
South Africa (continued) | |||||
Liberty Holdings, Ltd. (A) | 4,044 | $26,230 | |||
Life Healthcare Group Holdings, Ltd. (A) | 86,722 | 147,427 | |||
Long4Life, Ltd. (A) | 47,159 | 13,788 | |||
Massmart Holdings, Ltd. (A) | 7,381 | 30,003 | |||
Metair Investments, Ltd. | 12,087 | 23,207 | |||
MiX Telematics, Ltd., ADR | 2,273 | 29,844 | |||
Momentum Metropolitan Holdings | 57,013 | 77,516 | |||
Motus Holdings, Ltd. | 12,498 | 79,769 | |||
Mpact, Ltd. | 6,725 | 13,422 | |||
Mr. Price Group, Ltd. | 7,293 | 109,212 | |||
MTN Group, Ltd. (A) | 64,641 | 593,322 | |||
MultiChoice Group | 16,693 | 132,162 | |||
Murray & Roberts Holdings, Ltd. (A) | 42,702 | 30,254 | |||
Naspers, Ltd., N Shares | 946 | 163,222 | |||
Nedbank Group, Ltd. (A) | 14,075 | 179,364 | |||
Netcare, Ltd. (A) | 55,218 | 64,071 | |||
Ninety One, Ltd. | 7,245 | 25,024 | |||
Northam Platinum, Ltd. (A) | 7,939 | 109,387 | |||
Oceana Group, Ltd. | 3,370 | 15,429 | |||
Old Mutual, Ltd. | 159,091 | 168,184 | |||
Omnia Holdings, Ltd. | 11,833 | 43,838 | |||
Pepkor Holdings, Ltd. (A)(B) | 24,702 | 39,266 | |||
Pick n Pay Stores, Ltd. | 14,046 | 56,491 | |||
PPC, Ltd. (A) | 133,079 | 32,400 | |||
PSG Group, Ltd. | 7,268 | 37,839 | |||
Raubex Group, Ltd. | 10,511 | 21,354 | |||
RCL Foods, Ltd. | 10,269 | 7,078 | |||
Reunert, Ltd. | 7,864 | 28,152 | |||
Royal Bafokeng Platinum, Ltd. | 12,412 | 75,359 | |||
Sanlam, Ltd. | 52,020 | 230,469 | |||
Santam, Ltd. (A) | 1,313 | 22,484 | |||
Sappi, Ltd. (A) | 40,597 | 123,007 | |||
Sasol, Ltd. (A) | 19,068 | 293,113 | |||
Shoprite Holdings, Ltd. | 14,659 | 185,267 | |||
Sibanye Stillwater, Ltd., ADR | 21,507 | 352,930 | |||
Standard Bank Group, Ltd. | 33,031 | 337,375 | |||
Super Group, Ltd. (A) | 21,896 | 48,736 | |||
Telkom SA SOC, Ltd. (A) | 16,120 | 42,424 | |||
The Bidvest Group, Ltd. | 6,674 | 94,104 | |||
The Foschini Group, Ltd. (A) | 18,232 | 187,583 | |||
The SPAR Group, Ltd. | 9,209 | 131,427 | |||
Tiger Brands, Ltd. | 6,459 | 82,727 | |||
Transaction Capital, Ltd. | 19,851 | 51,868 | |||
Truworths International, Ltd. | 7,523 | 34,625 |
39 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
South Africa (continued) | |||||
Vodacom Group, Ltd. | 11,787 | $116,413 | |||
Wilson Bayly Holmes-Ovcon, Ltd. (A) | 3,159 | 26,055 | |||
Woolworths Holdings, Ltd. (A) | 39,671 | 173,017 | |||
South Korea 15.1% | 29,800,675 | ||||
Able C&C Company, Ltd. (A) | 359 | 2,653 | |||
Advanced Process Systems Corp. | 1,012 | 25,147 | |||
Aekyung Petrochemical Company, Ltd. | 1,138 | 12,184 | |||
AfreecaTV Company, Ltd. | 349 | 46,037 | |||
Ahnlab, Inc. | 288 | 16,713 | |||
Ajin Industrial Company, Ltd. (A) | 2,965 | 8,395 | |||
Alteogen, Inc. (A) | 493 | 36,049 | |||
ALUKO Company, Ltd. (A) | 3,314 | 12,302 | |||
Amorepacific Corp. | 521 | 102,046 | |||
AMOREPACIFIC Group | 998 | 49,654 | |||
Aprogen Pharmaceuticals, Inc. (A) | 18,480 | 17,976 | |||
Austem Company, Ltd. | 1,208 | 3,306 | |||
Bcworld Pharm Company, Ltd. | 17 | 312 | |||
BGF Company, Ltd. | 2,408 | 13,134 | |||
BGF retail Company, Ltd. | 220 | 33,811 | |||
BH Company, Ltd. | 1,811 | 33,305 | |||
Binex Company, Ltd. (A) | 1,385 | 22,784 | |||
Binggrae Company, Ltd. | 278 | 13,694 | |||
BIT Computer Company, Ltd. | 489 | 4,056 | |||
BNK Financial Group, Inc. | 7,863 | 52,472 | |||
Boditech Med, Inc. | 681 | 11,056 | |||
Bookook Securities Company, Ltd. | 368 | 7,806 | |||
Boryung Pharmaceutical Company, Ltd. | 912 | 12,981 | |||
Bosung Power Technology Company, Ltd. (A) | 1,899 | 6,310 | |||
Bukwang Pharmaceutical Company, Ltd. | 919 | 17,157 | |||
Busan City Gas Company, Ltd. | 186 | 9,494 | |||
Celltrion Healthcare Company, Ltd. (A) | 628 | 66,776 | |||
Celltrion Pharm, Inc. (A) | 249 | 37,030 | |||
Celltrion, Inc. (A) | 2,247 | 566,308 | |||
Chabiotech Company, Ltd. (A) | 1,250 | 25,718 | |||
Cheil Worldwide, Inc. | 2,237 | 44,496 | |||
Chemtronics Company, Ltd. | 1,041 | 24,117 | |||
Cheryong Electric Company, Ltd. | 496 | 2,637 | |||
Choa Pharmaceutical Company (A) | 887 | 3,362 | |||
Chong Kun Dang Pharmaceutical Corp. | 396 | 43,957 | |||
Chongkundang Holdings Corp. | 208 | 16,477 | |||
Chosun Refractories Company, Ltd. | 99 | 7,553 | |||
CJ CheilJedang Corp. | 351 | 137,249 | |||
CJ Corp. | 1,166 | 101,848 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 40 |
Shares | Value | ||||
South Korea (continued) | |||||
CJ ENM Company, Ltd. | 412 | $54,264 | |||
CJ Logistics Corp. (A) | 437 | 64,390 | |||
Cloud Air Company, Ltd. (A) | 1,085 | 1,662 | |||
CMG Pharmaceutical Company, Ltd. (A) | 4,018 | 15,557 | |||
Com2uS Corp. | 281 | 24,964 | |||
Coreana Cosmetics Company, Ltd. (A) | 428 | 1,693 | |||
Cosmax, Inc. (A) | 460 | 51,616 | |||
Cosmochemical Company, Ltd. (A) | 950 | 15,177 | |||
Coway Company, Ltd. | 1,438 | 96,958 | |||
CrystalGenomics, Inc. (A) | 2,100 | 13,909 | |||
CS Wind Corp. | 504 | 34,605 | |||
CTC BIO, Inc. (A) | 644 | 6,929 | |||
Cuckoo Holdings Company, Ltd. | 645 | 13,940 | |||
Cuckoo Homesys Company, Ltd. | 761 | 27,532 | |||
Daea TI Company, Ltd. | 1,930 | 10,648 | |||
Daedong Corp. | 657 | 6,020 | |||
Daehan Steel Company, Ltd. | 1,190 | 22,462 | |||
Daejoo Electronic Materials Company, Ltd. | 405 | 19,537 | |||
Daesang Corp. | 1,153 | 25,073 | |||
Daewon Cable Company, Ltd. (A) | 2,197 | 4,094 | |||
Daewon Pharmaceutical Company, Ltd. | 712 | 12,736 | |||
Daewoo Engineering & Construction Company, Ltd. (A) | 7,816 | 49,433 | |||
Daewoong Pharmaceutical Company, Ltd. | 135 | 19,310 | |||
Daihan Pharmaceutical Company, Ltd. | 428 | 11,205 | |||
Daishin Securities Company, Ltd. | 1,799 | 29,721 | |||
Danal Company, Ltd. (A) | 1,829 | 9,885 | |||
Daou Technology, Inc. | 1,699 | 38,076 | |||
Dasan Networks, Inc. (A) | 946 | 6,882 | |||
Dawonsys Company, Ltd. | 1,082 | 19,556 | |||
DB Financial Investment Company, Ltd. | 3,443 | 19,986 | |||
DB HiTek Company, Ltd. | 977 | 50,151 | |||
DB Insurance Company, Ltd. | 2,572 | 130,040 | |||
Dentium Company, Ltd. | 535 | 40,096 | |||
Deutsch Motors, Inc. | 2,653 | 17,768 | |||
DGB Financial Group, Inc. | 6,891 | 53,937 | |||
DHP Korea Company, Ltd. | 549 | 3,533 | |||
Di-Corp. | 851 | 7,110 | |||
DIO Corp. (A) | 618 | 25,792 | |||
DL Construction Company, Ltd. | 32 | 890 | |||
DL E&C Company, Ltd. (A) | 885 | 107,393 | |||
DL Holdings Company, Ltd. | 706 | 43,906 | |||
Dong-A ST Company, Ltd. | 230 | 15,250 | |||
Dongjin Semichem Company, Ltd. | 1,855 | 42,224 | |||
DongKook Pharmaceutical Company, Ltd. | 903 | 19,124 |
41 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
South Korea (continued) | |||||
Dongkuk Steel Mill Company, Ltd. | 3,295 | $57,532 | |||
Dongsuh Companies, Inc. | 1,160 | 28,916 | |||
Dongsung Chemical Company, Ltd. | 982 | 4,816 | |||
Dongsung Finetec Company, Ltd. | 639 | 5,911 | |||
Dongwha Enterprise Company, Ltd. (A) | 429 | 27,155 | |||
Dongwon F&B Company, Ltd. | 69 | 12,336 | |||
Dongwon Industries Company, Ltd. | 102 | 21,456 | |||
Dongwon Systems Corp. | 324 | 15,819 | |||
Doosan Bobcat, Inc. (A) | 1,640 | 61,110 | |||
Doosan Company, Ltd. | 217 | 16,704 | |||
Doosan Fuel Cell Company, Ltd. (A) | 821 | 38,720 | |||
Doosan Heavy Industries & Construction Company, Ltd. (A) | 4,552 | 81,844 | |||
Doosan Infracore Company, Ltd. (A) | 2,382 | 24,204 | |||
DoubleUGames Company, Ltd. | 350 | 19,077 | |||
Douzone Bizon Company, Ltd. | 422 | 30,970 | |||
Duk San Neolux Company, Ltd. (A) | 786 | 48,663 | |||
Ecopro Company, Ltd. | 660 | 63,216 | |||
Ecopro HN Company, Ltd. (A) | 540 | 55,352 | |||
Ehwa Technologies Information Company, Ltd. (A) | 4,172 | 7,753 | |||
E-MART, Inc. | 551 | 84,895 | |||
EMW Company, Ltd. (A)(D) | 8,120 | 14,602 | |||
ENF Technology Company, Ltd. | 543 | 15,280 | |||
Eo Technics Company, Ltd. | 333 | 34,509 | |||
Estechpharma Company, Ltd. | 422 | 4,084 | |||
Eugene Corp. | 3,338 | 15,168 | |||
Eugene Investment & Securities Company, Ltd. | 7,899 | 27,143 | |||
Eugene Technology Company, Ltd. | 653 | 24,742 | |||
F&F Company, Ltd. (A) | 172 | 107,125 | |||
F&F Holdings Company, Ltd. | 173 | 6,550 | |||
Fila Holdings Corp. | 1,679 | 64,885 | |||
Foosung Company, Ltd. (A) | 2,863 | 35,060 | |||
Gamevil, Inc. (A) | 325 | 9,191 | |||
Genexine, Inc. (A) | 229 | 14,689 | |||
Geumhwa PSC Company, Ltd. | 327 | 8,592 | |||
GNCO Company, Ltd. (A) | 3,240 | 2,493 | |||
GOLFZON Company, Ltd. | 304 | 37,123 | |||
Green Cross Cell Corp. | 117 | 4,068 | |||
Green Cross Corp. | 117 | 38,761 | |||
Green Cross Holdings Corp. | 976 | 29,115 | |||
GS Engineering & Construction Corp. | 2,836 | 109,151 | |||
GS Holdings Corp. | 2,964 | 108,413 | |||
GS Retail Company, Ltd. | 2,337 | 69,007 | |||
Halla Holdings Corp. | 659 | 26,255 | |||
Hana Financial Group, Inc. | 7,654 | 296,393 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 42 |
Shares | Value | ||||
South Korea (continued) | |||||
Hana Micron, Inc. (A) | 1,925 | $29,520 | |||
Hanall Biopharma Company, Ltd. (A) | 1,203 | 24,729 | |||
Handok, Inc. | 440 | 10,171 | |||
Handsome Company, Ltd. | 592 | 20,716 | |||
Hanil Cement Company, Ltd. | 130 | 26,424 | |||
Hanil Hyundai Cement Company, Ltd. | 101 | 3,068 | |||
Hanjin Transportation Company, Ltd. | 574 | 19,371 | |||
Hankook Tire & Technology Company, Ltd. | 3,529 | 141,581 | |||
Hanmi Pharm Company, Ltd. | 121 | 32,208 | |||
Hanmi Semiconductor Company, Ltd. | 1,328 | 39,419 | |||
HanmiGlobal Company, Ltd. | 473 | 4,658 | |||
Hanon Systems | 4,596 | 65,100 | |||
Hansae Company, Ltd. | 698 | 12,392 | |||
Hansae Yes24 Holdings Company, Ltd. | 769 | 5,910 | |||
Hanshin Construction Company, Ltd. | 985 | 18,816 | |||
Hansol Chemical Company, Ltd. | 257 | 64,219 | |||
Hansol Paper Company, Ltd. | 1,635 | 24,629 | |||
Hanssem Company, Ltd. | 268 | 26,757 | |||
Hanwha Aerospace Company, Ltd. | 1,538 | 67,315 | |||
Hanwha Corp. | 1,297 | 38,819 | |||
Hanwha General Insurance Company, Ltd. (A) | 6,667 | 24,563 | |||
Hanwha Investment & Securities Company, Ltd. (A) | 8,046 | 33,903 | |||
Hanwha Life Insurance Company, Ltd. | 11,044 | 31,718 | |||
Hanwha Solutions Corp. (A) | 4,210 | 147,466 | |||
Hanyang Eng Company, Ltd. | 1,161 | 16,369 | |||
Hanyang Securities Company, Ltd. | 2 | 33 | |||
Harim Holdings Company, Ltd. | 2,199 | 19,496 | |||
HB Solution Company, Ltd. (A) | 209 | 4,252 | |||
HDC Hyundai Development Co-Engineering & Construction, Series E | 845 | 21,722 | |||
HDC I-Controls Company, Ltd. | 262 | 2,785 | |||
Hite Jinro Company, Ltd. | 1,556 | 44,676 | |||
Hitejinro Holdings Company, Ltd. | 5 | 63 | |||
HJ Magnolia Yongpyong Hotel & Resort Corp. (A) | 1,056 | 5,010 | |||
HLB Life Science Company, Ltd. (A) | 1,878 | 24,029 | |||
HLB, Inc. (A) | 1,038 | 49,628 | |||
HMM Company, Ltd. (A)(C) | 5,530 | 199,846 | |||
Homecast Company, Ltd. (A) | 1,134 | 3,378 | |||
Hotel Shilla Company, Ltd. | 523 | 40,400 | |||
HS Industries Company, Ltd. | 3,265 | 19,952 | |||
Huchems Fine Chemical Corp. | 1,256 | 28,905 | |||
Hugel, Inc. (A) | 171 | 28,683 | |||
Humasis Company, Ltd. (A) | 1,658 | 22,683 | |||
Huons Global Company, Ltd. | 630 | 36,240 |
43 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
South Korea (continued) | |||||
Huvis Corp. | 1,370 | $12,258 | |||
Huvitz Company, Ltd. | 672 | 5,375 | |||
Hwa Shin Company, Ltd. | 1,306 | 9,922 | |||
Hyosung Advanced Materials Corp. (A) | 100 | 53,237 | |||
Hyosung Chemical Corp. (A) | 80 | 26,547 | |||
Hyosung Corp. | 456 | 47,063 | |||
Hyosung Heavy Industries Corp. (A) | 67 | 4,726 | |||
Hyosung TNC Corp. | 79 | 52,760 | |||
Hyundai BNG Steel Company, Ltd. | 218 | 3,543 | |||
Hyundai Construction Equipment Company, Ltd. (A) | 833 | 35,283 | |||
Hyundai Department Store Company, Ltd. | 380 | 26,419 | |||
Hyundai Electric & Energy System Company, Ltd. (A) | 1,095 | 23,473 | |||
Hyundai Elevator Company, Ltd. | 946 | 40,880 | |||
Hyundai Engineering & Construction Company, Ltd. | 2,088 | 99,673 | |||
Hyundai Glovis Company, Ltd. | 797 | 132,956 | |||
Hyundai Greenfood Company, Ltd. | 3,412 | 29,153 | |||
Hyundai Heavy Industries Holdings Company, Ltd. | 1,150 | 64,612 | |||
Hyundai Home Shopping Network Corp. | 441 | 27,994 | |||
Hyundai HT Company, Ltd. | 353 | 2,868 | |||
Hyundai Livart Furniture Company, Ltd. | 1,313 | 20,340 | |||
Hyundai Marine & Fire Insurance Company, Ltd. | 2,896 | 63,881 | |||
Hyundai Mipo Dockyard Company, Ltd. (A) | 660 | 43,284 | |||
Hyundai Mobis Company, Ltd. | 1,017 | 242,761 | |||
Hyundai Motor Company | 2,041 | 372,934 | |||
Hyundai Rotem Company, Ltd. (A) | 807 | 18,471 | |||
Hyundai Steel Company | 2,324 | 101,805 | |||
Hyundai Wia Corp. | 378 | 29,755 | |||
Hyupjin Company, Ltd. (A)(D) | 724 | 2,797 | |||
IHQ, Inc. (A) | 4,680 | 6,711 | |||
Iljin Materials Company, Ltd. | 546 | 35,506 | |||
Ilyang Pharmaceutical Company, Ltd. | 639 | 18,991 | |||
iMarketKorea, Inc. | 1,567 | 16,319 | |||
Industrial Bank of Korea | 10,089 | 89,413 | |||
Innocean Worldwide, Inc. | 383 | 19,311 | |||
Inscobee, Inc. (A) | 4,497 | 16,472 | |||
Insun ENT Company, Ltd. (A) | 1,874 | 19,505 | |||
Interpark Corp. | 2,562 | 21,066 | |||
INTOPS Company, Ltd. | 657 | 14,931 | |||
IS Dongseo Company, Ltd. | 614 | 26,749 | |||
i-SENS, Inc. | 526 | 14,684 | |||
IsuPetasys Company, Ltd. (A) | 1,131 | 4,167 | |||
Jayjun Cosmetic Company, Ltd. (A) | 2,132 | 2,475 | |||
JB Financial Group Company, Ltd. | 7,275 | 51,906 | |||
Jcontentree Corp. (A) | 206 | 7,433 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 44 |
Shares | Value | ||||
South Korea (continued) | |||||
Jeil Savings Bank (A)(D) | 1,850 | $0 | |||
JVM Company, Ltd. | 218 | 3,220 | |||
JYP Entertainment Corp. | 1,091 | 40,003 | |||
Kakao Corp. | 1,470 | 196,143 | |||
Kangwon Land, Inc. (A) | 1,542 | 36,788 | |||
KAON Media Company, Ltd. | 355 | 4,972 | |||
KB Financial Group, Inc. | 12,086 | 549,793 | |||
KC Tech Company, Ltd. | 460 | 10,516 | |||
KCC Corp. | 117 | 36,223 | |||
KCC Engineering & Construction Company, Ltd. | 812 | 8,110 | |||
KCC Glass Corp. | 684 | 43,824 | |||
KEPCO Plant Service & Engineering Company, Ltd. | 870 | 28,182 | |||
Kginicis Company, Ltd. | 1,735 | 28,221 | |||
KGMobilians Company, Ltd. | 1,431 | 12,679 | |||
KH Electron Company, Ltd. (A) | 1,293 | 1,050 | |||
KH FEELUX Company, Ltd. (A) | 1,899 | 5,370 | |||
Kia Corp. | 6,532 | 477,837 | |||
KIWOOM Securities Company, Ltd. | 814 | 82,562 | |||
KMH Company, Ltd. (A) | 1,202 | 10,662 | |||
KMW Company, Ltd. (A)(C) | 436 | 15,982 | |||
Koh Young Technology, Inc. | 1,589 | 30,853 | |||
Kolmar BNH Company, Ltd. | 589 | 20,310 | |||
Kolmar Korea Company, Ltd. | 453 | 18,811 | |||
Kolmar Korea Holdings Company, Ltd. | 571 | 12,031 | |||
Kolon Industries, Inc. | 1,191 | 89,111 | |||
KoMiCo, Ltd. | 489 | 34,741 | |||
Korea Aerospace Industries, Ltd. | 1,205 | 34,046 | |||
Korea Electric Power Corp. | 5,805 | 119,946 | |||
Korea Electric Terminal Company, Ltd. | 438 | 31,182 | |||
Korea Gas Corp. (A) | 863 | 26,892 | |||
Korea Investment Holdings Company, Ltd. | 1,832 | 150,024 | |||
Korea Line Corp. (A) | 8,922 | 22,598 | |||
Korea Petrochemical Industrial Company, Ltd. | 150 | 29,851 | |||
Korea Real Estate Investment & Trust Company, Ltd. | 13,600 | 27,525 | |||
Korea Shipbuilding & Offshore Engineering Company, Ltd. (A) | 826 | 84,155 | |||
Korea United Pharm, Inc. | 348 | 15,727 | |||
Korea Zinc Company, Ltd. | 267 | 122,288 | |||
Korean Air Lines Company, Ltd. (A) | 6,963 | 187,579 | |||
Korean Reinsurance Company | 5,180 | 42,080 | |||
KPM Tech Company, Ltd. (A) | 4,649 | 11,124 | |||
KPX Chemical Company, Ltd. | 134 | 6,983 | |||
KT Corp. | 1,250 | 35,327 | |||
KT Skylife Company, Ltd. | 2,656 | 23,654 | |||
KT&G Corp. | 2,855 | 200,797 |
45 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
South Korea (continued) | |||||
Kukdo Chemical Company, Ltd. | 337 | $18,993 | |||
Kuk-il Paper Manufacturing Company, Ltd. (A) | 4,965 | 22,605 | |||
Kumho Petrochemical Company, Ltd. | 758 | 126,732 | |||
Kumho Tire Company, Inc. (A) | 6,125 | 31,174 | |||
KUMHOE&C Company, Ltd. | 1,164 | 13,124 | |||
Kwang Dong Pharmaceutical Company, Ltd. | 1,959 | 13,998 | |||
Kyongbo Pharmaceutical Company, Ltd. | 455 | 4,713 | |||
Kyung Dong Navien Company, Ltd. | 334 | 19,318 | |||
L&C Bio Company, Ltd. | 662 | 20,341 | |||
L&F Company, Ltd. | 420 | 41,815 | |||
Leaders Cosmetics Company, Ltd. (A) | 484 | 1,842 | |||
LEENO Industrial, Inc. | 261 | 40,022 | |||
LF Corp. | 1,828 | 28,952 | |||
LG Chem, Ltd. | 705 | 459,382 | |||
LG Corp. | 1,446 | 118,604 | |||
LG Display Company, Ltd. (A) | 2,310 | 40,636 | |||
LG Display Company, Ltd., ADR (A)(C) | 22,102 | 194,719 | |||
LG Electronics, Inc. | 4,149 | 506,724 | |||
LG HelloVision Company, Ltd. | 2,843 | 19,076 | |||
LG Household & Health Care, Ltd. | 200 | 251,962 | |||
LG Innotek Company, Ltd. | 561 | 103,697 | |||
LG Uplus Corp. | 10,544 | 127,573 | |||
LIG Nex1 Company, Ltd. | 395 | 17,698 | |||
Lock&Lock Company, Ltd. (A) | 920 | 9,544 | |||
Lotte Chemical Corp. | 334 | 71,834 | |||
Lotte Chilsung Beverage Company, Ltd. | 242 | 30,243 | |||
Lotte Confectionery Company, Ltd. | 114 | 13,606 | |||
Lotte Corp. | 417 | 12,748 | |||
LOTTE Fine Chemical Company, Ltd. | 1,260 | 75,983 | |||
Lotte Food Company, Ltd. | 33 | 11,943 | |||
LOTTE Himart Company, Ltd. | 604 | 16,291 | |||
Lotte Non-Life Insurance Company, Ltd. (A) | 7,292 | 11,427 | |||
Lotte Shopping Company, Ltd. | 386 | 35,717 | |||
LS Corp. | 565 | 32,372 | |||
LS Electric Company, Ltd. | 593 | 34,982 | |||
LX Hausys, Ltd. | 473 | 35,874 | |||
LX Holdings Corp. (A) | 700 | 5,943 | |||
LX International Corp. | 2,319 | 55,371 | |||
LX Semicon Company, Ltd. | 375 | 37,235 | |||
Maeil Dairies Company, Ltd. | 256 | 16,088 | |||
Maeil Holdings Company, Ltd. | 480 | 4,219 | |||
Mando Corp. (A) | 1,316 | 68,669 | |||
Mcnex Company, Ltd. | 678 | 25,120 | |||
Medytox, Inc. | 1,337 | 210,092 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 46 |
Shares | Value | ||||
South Korea (continued) | |||||
Meerecompany, Inc. (A) | 79 | $2,005 | |||
MegaStudyEdu Company, Ltd. | 501 | 32,879 | |||
Meritz Financial Group, Inc. | 2,190 | 54,190 | |||
Meritz Fire & Marine Insurance Company, Ltd. | 3,020 | 69,025 | |||
Meritz Securities Company, Ltd. | 13,764 | 63,490 | |||
Mirae Asset Life Insurance Company, Ltd. | 6,888 | 25,654 | |||
Mirae Asset Securities Company, Ltd. | 10,763 | 81,612 | |||
Multicampus Company, Ltd. | 178 | 5,751 | |||
MyungMoon Pharm Company, Ltd. (A) | 1,061 | 5,057 | |||
Namhae Chemical Corp. | 1,084 | 10,221 | |||
NAVER Corp. | 811 | 307,075 | |||
NCSoft Corp. | 290 | 164,925 | |||
Neowiz (A) | 886 | 22,123 | |||
NEPES Corp. (A) | 486 | 14,903 | |||
Netmarble Corp. (B) | 311 | 34,527 | |||
Nexen Tire Corp. | 4,056 | 29,281 | |||
NextEye Company, Ltd. | 397 | 473 | |||
NH Investment & Securities Company, Ltd. | 3,814 | 43,457 | |||
NHN Corp. (A) | 359 | 21,819 | |||
NHN KCP Corp. (A) | 734 | 30,592 | |||
NICE Holdings Company, Ltd. | 1,125 | 17,497 | |||
Nice Information & Telecommunication, Inc. | 598 | 16,650 | |||
NICE Information Service Company, Ltd. | 1,825 | 33,336 | |||
Nong Woo Bio Company, Ltd. | 564 | 5,877 | |||
NongShim Company, Ltd. | 120 | 30,880 | |||
NOROO Paint & Coatings Company, Ltd. | 430 | 4,165 | |||
OCI Company, Ltd. (A) | 554 | 60,512 | |||
Opto Device Technology Company, Ltd. | 373 | 2,202 | |||
Orion Holdings Corp. | 1,265 | 17,379 | |||
Osstem Implant Company, Ltd. | 379 | 52,283 | |||
Ottogi Corp. | 37 | 16,494 | |||
Pan Ocean Company, Ltd. | 9,495 | 67,799 | |||
Paradise Company, Ltd. (A) | 1,307 | 19,121 | |||
Partron Company, Ltd. | 1,950 | 16,737 | |||
Pearl Abyss Corp. (A) | 649 | 52,751 | |||
People & Technology, Inc. | 844 | 19,513 | |||
PharmaResearch Company, Ltd. | 170 | 14,170 | |||
Pharmicell Company, Ltd. (A) | 1,235 | 17,364 | |||
PI Advanced Materials Company, Ltd. | 558 | 28,227 | |||
Poongsan Corp. | 1,263 | 38,499 | |||
POSCO | 1,342 | 386,268 | |||
POSCO Chemical Company, Ltd. | 317 | 42,353 | |||
Posco International Corp. | 2,195 | 42,919 | |||
PSK, Inc. | 656 | 22,109 |
47 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
South Korea (continued) | |||||
Pulmuone Company, Ltd. | 814 | $12,262 | |||
RFHIC Corp. | 601 | 16,983 | |||
S-1 Corp. | 792 | 56,069 | |||
Sam Chun Dang Pharm Company, Ltd. (A) | 567 | 26,961 | |||
Sam Yung Trading Company, Ltd. | 901 | 12,347 | |||
Samchully Company, Ltd. | 159 | 12,010 | |||
Samick THK Company, Ltd. | 534 | 5,538 | |||
Samjin Pharmaceutical Company, Ltd. | 502 | 11,631 | |||
SAMPYO Cement Company, Ltd. | 2,549 | 12,188 | |||
Samsung Biologics Company, Ltd. (A)(B) | 69 | 57,354 | |||
Samsung C&T Corp. | 1,299 | 148,597 | |||
Samsung Card Company, Ltd. | 1,362 | 40,013 | |||
Samsung Electro-Mechanics Company, Ltd. | 1,677 | 266,120 | |||
Samsung Electronics Company, Ltd. | 117,259 | 7,741,232 | |||
Samsung Engineering Company, Ltd. (A) | 5,517 | 106,002 | |||
Samsung Fire & Marine Insurance Company, Ltd. | 1,347 | 262,195 | |||
Samsung Heavy Industries Company, Ltd. (A) | 12,666 | 68,667 | |||
Samsung Life Insurance Company, Ltd. | 1,023 | 65,592 | |||
Samsung SDI Company, Ltd. | 432 | 294,446 | |||
Samsung SDS Company, Ltd. | 655 | 97,225 | |||
Samsung Securities Company, Ltd. | 2,538 | 107,917 | |||
Samwha Capacitor Company, Ltd. | 526 | 28,398 | |||
Samyang Foods Company, Ltd. | 292 | 20,955 | |||
Samyang Holdings Corp. | 267 | 24,278 | |||
Sangsangin Company, Ltd. (A) | 3,162 | 22,274 | |||
SaraminHR Company, Ltd. | 326 | 13,578 | |||
SBS Media Holdings Company, Ltd. (A) | 945 | 1,782 | |||
SeAH Holdings Corp. | 61 | 5,702 | |||
Sebang Global Battery Company, Ltd. | 496 | 35,728 | |||
Seegene, Inc. | 1,040 | 58,902 | |||
Sejong Industrial Company, Ltd. | 995 | 9,974 | |||
Seojin System Company, Ltd. (A) | 696 | 22,828 | |||
Seoul Semiconductor Company, Ltd. | 1,598 | 22,663 | |||
SEOWONINTECH Company, Ltd. | 540 | 3,148 | |||
Seoyon E-Hwa Company, Ltd. | 105 | 662 | |||
Sewon E&C Company, Ltd. (A) | 4,490 | 3,614 | |||
SFA Engineering Corp. | 833 | 27,783 | |||
SFA Semicon Company, Ltd. (A) | 2,349 | 13,965 | |||
SGC eTec E&C Company, Ltd. | 122 | 7,581 | |||
SH Energy & Chemical Company, Ltd. (A) | 2,681 | 2,364 | |||
Shin Poong Pharmaceutical Company, Ltd. | 207 | 12,575 | |||
Shinhan Financial Group Company, Ltd. | 12,718 | 423,683 | |||
Shinsegae Engineering & Construction Company, Ltd. | 261 | 9,831 | |||
Shinsegae International, Inc. | 109 | 18,555 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 48 |
Shares | Value | ||||
South Korea (continued) | |||||
Shinsegae, Inc. | 327 | $75,643 | |||
Shinyoung Securities Company, Ltd. | 377 | 20,451 | |||
SIMMTECH Company, Ltd. | 1,094 | 28,834 | |||
SK Chemicals Company, Ltd. | 138 | 32,046 | |||
SK D&D Company, Ltd. | 481 | 15,953 | |||
SK Discovery Company, Ltd. | 404 | 16,659 | |||
SK Gas, Ltd. | 234 | 24,061 | |||
SK Hynix, Inc. | 15,218 | 1,393,367 | |||
SK Innovation Company, Ltd. (A) | 557 | 119,405 | |||
SK Materials Company, Ltd. | 122 | 42,455 | |||
SK Networks Company, Ltd. | 9,038 | 43,285 | |||
SK Securities Company, Ltd. | 33,889 | 26,845 | |||
SK Telecom Company, Ltd. | 726 | 186,661 | |||
SK, Inc. | 801 | 181,476 | |||
SKC Company, Ltd. | 503 | 68,848 | |||
SL Corp. | 916 | 21,673 | |||
SM Entertainment Company, Ltd. (A) | 668 | 39,651 | |||
SNT Holdings Company, Ltd. | 302 | 4,843 | |||
SNT Motiv Company, Ltd. | 643 | 30,165 | |||
S-Oil Corp. | 868 | 70,877 | |||
Solus Advanced Materials Company, Ltd. | 400 | 21,318 | |||
Songwon Industrial Company, Ltd. | 862 | 13,412 | |||
Soulbrain Company, Ltd. | 54 | 13,157 | |||
Soulbrain Holdings Company, Ltd. (A) | 248 | 7,300 | |||
Spigen Korea Company, Ltd. | 296 | 14,475 | |||
SSANGYONG C&E Company, Ltd. | 4,522 | 32,810 | |||
ST Pharm Company, Ltd. (A) | 358 | 31,360 | |||
Studio Dragon Corp. (A) | 258 | 19,318 | |||
Sungshin Cement Company, Ltd. | 1,538 | 14,289 | |||
Sungwoo Hitech Company, Ltd. | 6,093 | 32,595 | |||
Sunjin Company, Ltd. | 1,060 | 13,653 | |||
Sunny Electronics Corp. (A) | 1,058 | 2,950 | |||
Suprema, Inc. (A) | 225 | 4,967 | |||
SY Company, Ltd. (A) | 1,552 | 5,049 | |||
Tae Kyung Industrial Company, Ltd. | 604 | 3,294 | |||
Taekwang Industrial Company, Ltd. | 15 | 14,288 | |||
Taeyoung Engineering & Construction Company, Ltd. | 2,164 | 22,728 | |||
Taihan Electric Wire Company, Ltd. (A) | 15,121 | 32,499 | |||
TechWing, Inc. | 1,236 | 27,537 | |||
TES Company, Ltd. | 818 | 19,440 | |||
Theragen Etex Company, Ltd. (A) | 1,048 | 6,682 | |||
Tokai Carbon Korea Company, Ltd. | 189 | 27,598 | |||
Tongyang Life Insurance Company, Ltd. | 7,524 | 35,049 | |||
Tonymoly Company, Ltd. (A) | 241 | 1,579 |
49 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
South Korea (continued) | |||||
Toptec Company, Ltd. | 1,541 | $14,054 | |||
TY Holdings Company, Ltd. (A) | 1,262 | 33,394 | |||
Uju Electronics Company, Ltd. | 578 | 12,513 | |||
Value Added Technology Company, Ltd. | 533 | 19,384 | |||
Webzen, Inc. (A) | 1,268 | 29,621 | |||
Whanin Pharmaceutical Company, Ltd. | 637 | 10,694 | |||
WiSoL Company, Ltd. | 1,676 | 17,657 | |||
WIZIT Company, Ltd. (A) | 3,288 | 3,415 | |||
WONIK CUBE Corp. (A) | 1,133 | 3,806 | |||
Wonik Holdings Company, Ltd. (A) | 3,450 | 16,830 | |||
WONIK IPS Company, Ltd. | 731 | 28,453 | |||
Wonik Pne Company, Ltd. (A) | 529 | 14,971 | |||
Woori Financial Group, Inc. | 11,908 | 115,208 | |||
Woori Investment Bank Company, Ltd. | 16,599 | 13,392 | |||
Woori Technology, Inc. (A) | 3,129 | 5,731 | |||
Woorison F&G Company, Ltd. | 2,437 | 5,048 | |||
YG Entertainment, Inc. (A) | 319 | 16,626 | |||
YJM Games Company, Ltd. (A) | 1,588 | 3,014 | |||
Youngone Corp. | 961 | 34,443 | |||
Yuanta Securities Korea Company, Ltd. | 8,310 | 31,388 | |||
Yuhan Corp. | 829 | 44,611 | |||
Yungjin Pharmaceutical Company, Ltd. (A) | 3,547 | 16,493 | |||
Spain 0.0% | 20,169 | ||||
AmRest Holdings SE (A) | 2,461 | 20,169 | |||
Taiwan 15.3% | 30,216,586 | ||||
Abico Avy Company, Ltd. | 11,089 | 10,073 | |||
Accton Technology Corp. | 10,796 | 109,378 | |||
Acer, Inc. (C) | 116,510 | 105,740 | |||
Acter Group Corp., Ltd. | 1,697 | 11,529 | |||
Advanced Ceramic X Corp. | 2,000 | 31,775 | |||
Advantech Company, Ltd. | 3,738 | 52,046 | |||
Aerospace Industrial Development Corp. | 11,000 | 11,558 | |||
Alltek Technology Corp. | 9,999 | 11,326 | |||
Altek Corp. | 10,000 | 12,572 | |||
Amazing Microelectronic Corp. | 740 | 4,327 | |||
AMPOC Far-East Company, Ltd. | 7,000 | 9,913 | |||
Apex Biotechnology Corp. | 8,060 | 6,630 | |||
Apex International Company, Ltd. | 9,000 | 20,112 | |||
Arcadyan Technology Corp. | 8,898 | 29,635 | |||
Ardentec Corp. | 17,363 | 44,788 | |||
ASE Technology Holding Company, Ltd., ADR (C) | 48,264 | 447,407 | |||
Asia Cement Corp. | 53,608 | 86,775 | |||
Asia Optical Company, Inc. (A) | 9,710 | 29,246 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 50 |
Shares | Value | ||||
Taiwan (continued) | |||||
Asia Pacific Telecom Company, Ltd. (A) | 116,666 | $35,026 | |||
Asia Polymer Corp. | 10,779 | 14,585 | |||
Asia Vital Components Company, Ltd. | 10,667 | 26,656 | |||
ASPEED Technology, Inc. | 1,000 | 84,363 | |||
Asustek Computer, Inc. | 11,528 | 134,576 | |||
AU Optronics Corp. (C) | 214,000 | 134,926 | |||
Bank of Kaohsiung Company, Ltd. | 41,079 | 17,112 | |||
Basso Industry Corp. (A) | 8,700 | 14,749 | |||
BES Engineering Corp. | 45,200 | 14,603 | |||
Capital Securities Corp. | 64,826 | 36,967 | |||
Career Technology MFG. Company, Ltd. (A) | 29,599 | 28,489 | |||
Caswell, Inc. | 3,000 | 11,085 | |||
Catcher Technology Company, Ltd. | 16,000 | 96,233 | |||
Cathay Financial Holding Company, Ltd. | 131,161 | 281,679 | |||
Cathay Real Estate Development Company, Ltd. | 19,000 | 13,329 | |||
Center Laboratories, Inc. | 15,000 | 38,393 | |||
Century Iron & Steel Industrial Company, Ltd. | 5,000 | 20,111 | |||
Chailease Holding Company, Ltd. | 27,691 | 265,642 | |||
Chang Hwa Commercial Bank, Ltd. | 105,742 | 62,913 | |||
Chang Wah Electromaterials, Inc. | 14,090 | 17,797 | |||
Channel Well Technology Company, Ltd. | 7,000 | 10,945 | |||
Charoen Pokphand Enterprise | 11,465 | 33,005 | |||
Cheng Loong Corp. | 22,480 | 29,164 | |||
Cheng Mei Materials Technology Corp. (A) | 46,050 | 18,883 | |||
Cheng Shin Rubber Industry Company, Ltd. | 54,031 | 72,541 | |||
Chia Chang Company, Ltd. | 10,000 | 17,657 | |||
Chia Hsin Cement Corp. | 17,089 | 13,751 | |||
Chicony Electronics Company, Ltd. | 28,455 | 80,472 | |||
Chicony Power Technology Company, Ltd. | 12,305 | 30,444 | |||
Chilisin Electronics Corp. | 8,270 | 27,287 | |||
China Airlines, Ltd. (A) | 119,820 | 74,187 | |||
China Bills Finance Corp. | 43,000 | 25,126 | |||
China Development Financial Holding Corp. | 196,531 | 100,440 | |||
China General Plastics Corp. | 13,039 | 18,506 | |||
China Life Insurance Company, Ltd. | 17,623 | 18,339 | |||
China Man-Made Fiber Corp. (A) | 56,732 | 21,154 | |||
China Metal Products Company, Ltd. | 14,966 | 17,764 | |||
China Petrochemical Development Corp. (A) | 153,047 | 71,032 | |||
China Steel Chemical Corp. | 6,000 | 23,448 | |||
China Steel Corp. | 167,038 | 229,454 | |||
Ching Feng Home Fashions Company, Ltd. (A) | 11,000 | 8,387 | |||
Chin-Poon Industrial Company, Ltd. | 13,642 | 15,931 | |||
Chipbond Technology Corp. | 33,000 | 91,402 | |||
ChipMOS Technologies, Inc. | 37,638 | 79,549 |
51 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Taiwan (continued) | |||||
Chong Hong Construction Company, Ltd. (A) | 5,024 | $14,436 | |||
Chroma ATE, Inc. | 8,440 | 54,600 | |||
Chun Yuan Steel Industry Company, Ltd. | 7,381 | 7,546 | |||
Chung Hung Steel Corp. | 25,226 | 42,478 | |||
Chunghwa Telecom Company, Ltd. | 65,000 | 262,941 | |||
Cleanaway Company, Ltd. | 2,000 | 12,269 | |||
Clevo Company | 17,120 | 18,110 | |||
CMC Magnetics Corp. | 29,201 | 10,510 | |||
Compal Electronics, Inc. | 152,895 | 126,174 | |||
Compeq Manufacturing Company, Ltd. | 60,000 | 88,331 | |||
Concraft Holding Company, Ltd. | 5,717 | 13,462 | |||
Continental Holdings Corp. | 12,950 | 11,026 | |||
Coremax Corp. | 3,865 | 16,924 | |||
Coretronic Corp. | 17,000 | 34,269 | |||
CTBC Financial Holding Company, Ltd. | 433,967 | 359,687 | |||
CTCI Corp. | 17,000 | 22,106 | |||
Cub Elecparts, Inc. (A) | 2,039 | 11,214 | |||
CyberPower Systems, Inc. | 4,000 | 11,053 | |||
Delta Electronics, Inc. | 20,253 | 197,283 | |||
D-Link Corp. | 20,657 | 12,790 | |||
Dynapack International Technology Corp. | 5,000 | 16,770 | |||
E Ink Holdings, Inc. | 21,000 | 58,998 | |||
E.Sun Financial Holding Company, Ltd. | 187,821 | 180,044 | |||
Eastern Media International Corp. | 31,931 | 39,016 | |||
Eclat Textile Company, Ltd. | 4,532 | 90,999 | |||
Egis Technology, Inc. | 4,000 | 17,213 | |||
Elan Microelectronics Corp. | 10,400 | 58,919 | |||
E-LIFE MALL Corp. | 6,000 | 18,487 | |||
Elite Advanced Laser Corp. | 9,000 | 17,943 | |||
Elite Material Company, Ltd. | 9,831 | 82,791 | |||
Elite Semiconductor Microelectronics Technology, Inc. | 7,000 | 35,239 | |||
eMemory Technology, Inc. | 2,000 | 116,955 | |||
Ennostar, Inc. (A) | 25,605 | 71,254 | |||
EnTie Commercial Bank Company, Ltd. | 52,000 | 30,008 | |||
Eternal Materials Company, Ltd. | 34,966 | 46,330 | |||
Eva Airways Corp. | 100,332 | 69,203 | |||
Evergreen International Storage & Transport Corp. | 15,320 | 18,477 | |||
Evergreen Marine Corp. Taiwan, Ltd. | 74,182 | 362,123 | |||
Everlight Electronics Company, Ltd. | 16,000 | 31,903 | |||
Far Eastern Department Stores, Ltd. | 54,558 | 42,568 | |||
Far Eastern International Bank | 112,420 | 44,596 | |||
Far Eastern New Century Corp. | 74,878 | 81,067 | |||
Far EasTone Telecommunications Company, Ltd. | 53,000 | 117,913 | |||
Farglory Land Development Company, Ltd. | 10,526 | 24,187 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 52 |
Shares | Value | ||||
Taiwan (continued) | |||||
Federal Corp. (A)(C) | 21,137 | $21,407 | |||
Feng Hsin Steel Company, Ltd. | 17,000 | 48,474 | |||
Feng TAY Enterprise Company, Ltd. | 8,494 | 66,112 | |||
First Financial Holding Company, Ltd. | 181,746 | 150,104 | |||
First Hotel | 14,923 | 7,535 | |||
First Steamship Company, Ltd. | 31,479 | 18,415 | |||
FLEXium Interconnect, Inc. (A) | 14,352 | 59,898 | |||
Flytech Technology Company, Ltd. | 6,125 | 14,162 | |||
Formosa Chemicals & Fibre Corp. | 48,440 | 146,733 | |||
Formosa Petrochemical Corp. | 12,000 | 42,302 | |||
Formosa Plastics Corp. | 40,880 | 150,944 | |||
Formosa Sumco Technology Corp. | 2,000 | 13,362 | |||
Formosa Taffeta Company, Ltd. | 12,000 | 13,505 | |||
Formosan Rubber Group, Inc. | 18,180 | 14,486 | |||
Foxconn Technology Company, Ltd. | 21,617 | 51,554 | |||
Foxsemicon Integrated Technology, Inc. | 2,427 | 18,858 | |||
Fubon Financial Holding Company, Ltd. | 86,422 | 264,714 | |||
Fulgent Sun International Holding Company, Ltd. | 4,112 | 12,971 | |||
Fulltech Fiber Glass Corp. (A) | 33,357 | 21,989 | |||
Fusheng Precision Company, Ltd. | 3,000 | 19,618 | |||
Gemtek Technology Corp. | 26,496 | 25,248 | |||
General Interface Solution Holding, Ltd. | 14,000 | 54,059 | |||
Genius Electronic Optical Company, Ltd. | 2,952 | 51,378 | |||
GeoVision, Inc. | 1,703 | 2,381 | |||
Getac Technology Corp. | 20,000 | 37,692 | |||
Giant Manufacturing Company, Ltd. | 9,000 | 108,774 | |||
Gigabyte Technology Company, Ltd. | 17,719 | 55,890 | |||
Ginko International Company, Ltd. | 3,150 | 23,789 | |||
Global Brands Manufacture, Ltd. | 15,611 | 18,786 | |||
Global Mixed Mode Technology, Inc. | 2,000 | 18,825 | |||
Global PMX Company, Ltd. | 2,000 | 11,007 | |||
Globalwafers Company, Ltd. | 4,000 | 125,000 | |||
Goldsun Building Materials Company, Ltd. | 52,208 | 42,259 | |||
Gourmet Master Company, Ltd. | 4,000 | 21,127 | |||
Grand Pacific Petrochemical | 48,000 | 52,566 | |||
Grape King Bio, Ltd. | 7,000 | 41,147 | |||
Great Taipei Gas Company, Ltd. | 25,000 | 29,979 | |||
Great Wall Enterprise Company, Ltd. | 25,036 | 48,901 | |||
Greatek Electronics, Inc. | 11,000 | 35,517 | |||
Hannstar Board Corp. | 23,213 | 35,005 | |||
HannStar Display Corp. | 120,980 | 69,936 | |||
Hey Song Corp. | 18,250 | 22,775 | |||
Highwealth Construction Corp. | 25,446 | 44,257 | |||
Hitron Technology, Inc. | 8,267 | 5,707 |
53 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Taiwan (continued) | |||||
Hiwin Technologies Corp. | 9,673 | $113,299 | |||
Ho Tung Chemical Corp. | 55,773 | 21,195 | |||
Holtek Semiconductor, Inc. | 5,000 | 23,079 | |||
Holy Stone Enterprise Company, Ltd. | 7,000 | 30,470 | |||
Hon Hai Precision Industry Company, Ltd. | 161,352 | 644,329 | |||
Hota Industrial Manufacturing Company, Ltd. | 13,309 | 45,938 | |||
Hotai Finance Company, Ltd. | 4,000 | 12,342 | |||
Hotai Motor Company, Ltd. | 6,000 | 125,859 | |||
HTC Corp. (A) | 26,700 | 34,186 | |||
Hua Nan Financial Holdings Company, Ltd. | 136,988 | 103,226 | |||
Huaku Development Company, Ltd. | 12,353 | 39,235 | |||
Hung Ching Development & Construction Company, Ltd. | 2,000 | 2,103 | |||
Ibase Technology, Inc. | 10,000 | 14,071 | |||
IBF Financial Holdings Company, Ltd. | 78,719 | 45,530 | |||
Innodisk Corp. | 2,600 | 21,705 | |||
Innolux Corp. (C) | 238,219 | 147,555 | |||
Inpaq Technology Company, Ltd. (A) | 6,650 | 13,703 | |||
International CSRC Investment Holdings Company | 35,797 | 30,165 | |||
International Games System Company, Ltd. | 2,000 | 47,812 | |||
Inventec Corp. | 49,705 | 43,483 | |||
ITEQ Corp. | 12,626 | 60,040 | |||
Jentech Precision Industrial Company, Ltd. | 2,000 | 21,862 | |||
Jourdeness Group, Ltd. | 3,000 | 7,650 | |||
Kaimei Electronic Corp. | 2,865 | 10,363 | |||
KEE TAI Properties Company, Ltd. | 24,973 | 11,422 | |||
Kenda Rubber Industrial Company, Ltd. | 17,947 | 21,537 | |||
Kerry TJ Logistics Company, Ltd. | 9,000 | 15,606 | |||
Kindom Development Company, Ltd. | 11,000 | 16,840 | |||
King Slide Works Company, Ltd. | 2,000 | 26,930 | |||
King Yuan Electronics Company, Ltd. | 47,762 | 78,284 | |||
King’s Town Bank Company, Ltd. | 37,000 | 58,542 | |||
Kinpo Electronics, Inc. | 52,724 | 24,000 | |||
Kinsus Interconnect Technology Corp. | 12,000 | 86,595 | |||
KMC Kuei Meng International, Inc. | 3,000 | 22,810 | |||
Kwong Lung Enterprise Company, Ltd. | 7,000 | 10,134 | |||
LandMark Optoelectronics Corp. | 2,000 | 15,771 | |||
Largan Precision Company, Ltd. | 2,000 | 192,831 | |||
Lealea Enterprise Company, Ltd. (A) | 28,863 | 11,666 | |||
Lida Holdings, Ltd. | 4,640 | 4,883 | |||
Lien Hwa Industrial Holdings Corp. | 12,827 | 24,317 | |||
Lite-On Technology Corp. | 74,250 | 163,722 | |||
Longchen Paper & Packaging Company, Ltd. | 46,265 | 46,860 | |||
Lotes Company, Ltd. | 3,139 | 61,020 | |||
Lumax International Corp., Ltd. | 6,855 | 17,375 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 54 |
Shares | Value | ||||
Taiwan (continued) | |||||
Machvision, Inc. | 79 | $733 | |||
Macronix International Company, Ltd. | 55,706 | 80,599 | |||
Makalot Industrial Company, Ltd. | 14,247 | 122,330 | |||
MediaTek, Inc. | 16,000 | 518,836 | |||
Mega Financial Holding Company, Ltd. | 185,531 | 219,435 | |||
Mercuries Life Insurance Company, Ltd. (A) | 69,535 | 23,271 | |||
Merida Industry Company, Ltd. | 3,162 | 36,359 | |||
Merry Electronics Company, Ltd. | 6,000 | 20,818 | |||
Micro-Star International Company, Ltd. | 21,488 | 100,818 | |||
Mildef Crete, Inc. | 4,000 | 8,928 | |||
Mitac Holdings Corp. | 38,448 | 38,672 | |||
momo.com, Inc. (C) | 1,300 | 80,652 | |||
Namchow Holdings Company, Ltd. | 12,000 | 21,088 | |||
Nan Kang Rubber Tire Company, Ltd. | 9,711 | 13,355 | |||
Nan Ya Plastics Corp. | 56,860 | 183,746 | |||
Nantex Industry Company, Ltd. | 10,039 | 38,893 | |||
Nanya Technology Corp. | 23,985 | 57,194 | |||
National Petroleum Company, Ltd. | 9,000 | 15,733 | |||
Nien Made Enterprise Company, Ltd. | 4,000 | 59,639 | |||
Novatek Microelectronics Corp. | 12,000 | 193,651 | |||
O-Bank Company, Ltd. | 100,562 | 27,152 | |||
Oneness Biotech Company, Ltd. (A) | 3,000 | 20,848 | |||
OptoTech Corp. | 23,033 | 28,884 | |||
Oriental Union Chemical Corp. (A) | 36,300 | 28,536 | |||
Pacific Hospital Supply Company, Ltd. | 5,498 | 14,313 | |||
Pan-International Industrial Corp. | 9,443 | 13,370 | |||
PChome Online, Inc. | 7,000 | 27,218 | |||
PCL Technologies, Inc. | 3,282 | 9,353 | |||
Pegatron Corp. | 56,321 | 131,526 | |||
Pegavision Corp. | 1,000 | 21,554 | |||
Pharmally International Holding Company, Ltd. (A)(D) | 3,533 | 2,525 | |||
Phison Electronics Corp. | 3,000 | 45,978 | |||
Polytronics Technology Corp. | 4,188 | 20,471 | |||
Pou Chen Corp. | 60,448 | 71,798 | |||
Power Wind Health Industry, Inc. | 3,150 | 16,122 | |||
Powertech Technology, Inc. | 33,000 | 133,732 | |||
Poya International Company, Ltd. | 1,866 | 33,917 | |||
President Chain Store Corp. | 15,000 | 154,448 | |||
President Securities Corp. | 29,515 | 25,026 | |||
Primax Electronics, Ltd. | 18,000 | 33,708 | |||
Prince Housing & Development Corp. | 37,943 | 18,751 | |||
Prodisc Technology, Inc. (A)(D) | 540,000 | 0 | |||
Qisda Corp. | 45,440 | 48,615 | |||
Quanta Computer, Inc. | 59,000 | 166,856 |
55 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Taiwan (continued) | |||||
Quanta Storage, Inc. | 14,000 | $18,666 | |||
Radiant Opto-Electronics Corp. | 17,343 | 61,864 | |||
Radium Life Tech Company, Ltd. | 42,476 | 16,218 | |||
Realtek Semiconductor Corp. | 7,706 | 153,586 | |||
Rich Development Company, Ltd. | 36,000 | 11,993 | |||
Ritek Corp. (A) | 29,707 | 10,348 | |||
Ruentex Development Company, Ltd. | 22,360 | 55,841 | |||
Ruentex Industries, Ltd. | 11,280 | 45,151 | |||
Sampo Corp. (A) | 16,197 | 18,105 | |||
Sanyang Motor Company, Ltd. | 19,389 | 19,098 | |||
SCI Pharmtech, Inc. | 4,800 | 14,755 | |||
Shihlin Electric & Engineering Corp. (A) | 13,213 | 24,868 | |||
Shin Hai Gas Corp. | 2,491 | 4,242 | |||
Shin Kong Financial Holding Company, Ltd. | 247,171 | 84,692 | |||
Shin Zu Shing Company, Ltd. | 9,301 | 35,558 | |||
Shining Building Business Company, Ltd. (A) | 29,397 | 12,972 | |||
Shinkong Insurance Company, Ltd. | 9,000 | 14,212 | |||
Shinkong Synthetic Fibers Corp. | 52,287 | 37,164 | |||
Shinkong Textile Company, Ltd. | 22,000 | 32,696 | |||
Shiny Chemical Industrial Company, Ltd. | 3,937 | 18,187 | |||
Sigurd Microelectronics Corp. | 18,842 | 44,080 | |||
Simplo Technology Company, Ltd. | 6,520 | 74,137 | |||
Sinbon Electronics Company, Ltd. | 6,043 | 47,016 | |||
Sincere Navigation Corp. | 13,930 | 20,267 | |||
Sino-American Electronic Company, Ltd. (A)(D) | 10,961 | 0 | |||
Sino-American Silicon Products, Inc. | 18,000 | 124,680 | |||
SinoPac Financial Holdings Company, Ltd. | 252,419 | 129,617 | |||
Sitronix Technology Corp. | 3,000 | 31,850 | |||
Solar Applied Materials Technology Corp. | 12,000 | 21,446 | |||
Sonix Technology Company, Ltd. | 7,000 | 22,793 | |||
Sporton International, Inc. | 2,934 | 24,320 | |||
St. Shine Optical Company, Ltd. | 2,000 | 24,358 | |||
Standard Foods Corp. | 15,221 | 28,656 | |||
Sunny Friend Environmental Technology Company, Ltd. | 3,000 | 22,235 | |||
Sunonwealth Electric Machine Industry Company, Ltd. | 11,000 | 15,416 | |||
Sunplus Technology Company, Ltd. | 15,000 | 21,173 | |||
Supreme Electronics Company, Ltd. | 25,309 | 39,964 | |||
Synnex Technology International Corp. | 36,188 | 70,193 | |||
Systex Corp. | 5,000 | 15,423 | |||
TA Chen Stainless Pipe (A) | 60,054 | 109,252 | |||
Taichung Commercial Bank Company, Ltd. | 207,581 | 87,919 | |||
TaiDoc Technology Corp. (A) | 4,000 | 30,022 | |||
Tainan Spinning Company, Ltd. | 25,397 | 21,307 | |||
Taishin Financial Holding Company, Ltd. | 172,386 | 120,278 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 56 |
Shares | Value | ||||
Taiwan (continued) | |||||
Taiwan Business Bank | 172,574 | $60,301 | |||
Taiwan Cement Corp. | 116,296 | 203,052 | |||
Taiwan Cogeneration Corp. | 12,137 | 16,473 | |||
Taiwan Cooperative Financial Holding Company, Ltd. | 167,702 | 135,114 | |||
Taiwan Fertilizer Company, Ltd. | 24,000 | 48,839 | |||
Taiwan FU Hsing Industrial Company, Ltd. | 7,000 | 10,565 | |||
Taiwan Glass Industry Corp. | 35,894 | 46,337 | |||
Taiwan High Speed Rail Corp. | 46,000 | 50,106 | |||
Taiwan Hon Chuan Enterprise Company, Ltd. | 15,329 | 41,289 | |||
Taiwan Kolin Company, Ltd. (A)(D) | 400,000 | 0 | |||
Taiwan Land Development Corp. (A) | 58,353 | 12,516 | |||
Taiwan Mobile Company, Ltd. | 38,700 | 141,035 | |||
Taiwan Paiho, Ltd. | 15,342 | 46,450 | |||
Taiwan PCB Techvest Company, Ltd. | 14,000 | 23,246 | |||
Taiwan Secom Company, Ltd. | 14,430 | 51,296 | |||
Taiwan Semiconductor Company, Ltd. | 8,000 | 21,151 | |||
Taiwan Semiconductor Manufacturing Company, Ltd. | 421,000 | 9,234,736 | |||
Taiwan Shin Kong Security Company, Ltd. | 13,724 | 18,713 | |||
Taiwan Styrene Monomer | 16,821 | 13,611 | |||
Taiwan Surface Mounting Technology Corp. | 8,636 | 32,137 | |||
Taiwan TEA Corp. (A) | 18,723 | 13,583 | |||
Taiwan Union Technology Corp. | 10,000 | 39,580 | |||
Tatung Company, Ltd. (A) | 45,526 | 50,005 | |||
TCI Company, Ltd. | 3,977 | 38,642 | |||
Teco Electric & Machinery Company, Ltd. | 42,109 | 47,373 | |||
The Ambassador Hotel (A) | 17,000 | 17,317 | |||
The Shanghai Commercial & Savings Bank, Ltd. | 36,000 | 58,428 | |||
Ton Yi Industrial Corp. | 45,000 | 22,402 | |||
Tong Hsing Electronic Industries, Ltd. | 4,913 | 46,240 | |||
Tong Yang Industry Company, Ltd. | 26,043 | 32,366 | |||
Topco Scientific Company, Ltd. | 5,048 | 24,095 | |||
Topkey Corp. | 2,000 | 9,417 | |||
TPK Holding Company, Ltd. | 23,000 | 32,617 | |||
Transcend Information, Inc. | 4,000 | 9,997 | |||
Tripod Technology Corp. | 13,770 | 56,817 | |||
TSRC Corp. | 25,706 | 28,674 | |||
TTY Biopharm Company, Ltd. | 10,094 | 29,137 | |||
Tung Ho Steel Enterprise Corp. | 23,138 | 36,969 | |||
TXC Corp. | 10,659 | 43,726 | |||
TYC Brother Industrial Company, Ltd. | 16,531 | 11,852 | |||
Ultra Chip, Inc. (A) | 4,100 | 22,752 | |||
U-Ming Marine Transport Corp. | 7,000 | 17,512 | |||
Unimicron Technology Corp. | 33,855 | 179,424 | |||
Union Bank of Taiwan (A) | 59,760 | 26,398 |
57 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Taiwan (continued) | |||||
Uni-President Enterprises Corp. | 144,803 | $377,399 | |||
Unitech Printed Circuit Board Corp. (A) | 17,326 | 12,514 | |||
United Integrated Services Company, Ltd. | 8,200 | 58,763 | |||
United Microelectronics Corp. | 245,468 | 556,214 | |||
United Renewable Energy Company, Ltd. (A) | 47,325 | 36,166 | |||
Universal Cement Corp. | 20,819 | 15,628 | |||
Unizyx Holding Corp. (A) | 10,000 | 9,109 | |||
UPC Technology Corp. | 56,164 | 49,454 | |||
USI Corp. | 27,318 | 32,319 | |||
Vanguard International Semiconductor Corp. | 31,000 | 164,894 | |||
Ve Wong Corp. | 9,450 | 11,425 | |||
Visual Photonics Epitaxy Company, Ltd. | 4,275 | 19,521 | |||
Voltronic Power Technology Corp. | 1,360 | 60,704 | |||
Wafer Works Corp. | 22,000 | 55,496 | |||
Wah Lee Industrial Corp. | 8,000 | 25,550 | |||
Walsin Lihwa Corp. | 53,000 | 51,253 | |||
Walsin Technology Corp. (A) | 11,805 | 76,537 | |||
Wan Hai Lines, Ltd. | 12,216 | 109,301 | |||
WAN HWA Enterprise Company | 2,975 | 1,299 | |||
Win Semiconductors Corp. | 12,582 | 149,319 | |||
Winbond Electronics Corp. | 92,519 | 98,058 | |||
Wintek Corp. (A)(D) | 819,661 | 0 | |||
Wisdom Marine Lines Company, Ltd. | 6,372 | 20,591 | |||
Wistron Corp. | 106,382 | 105,069 | |||
Wistron NeWeb Corp. | 13,483 | 35,107 | |||
Wiwynn Corp. | 3,000 | 104,732 | |||
Wowprime Corp. | 5,000 | 26,229 | |||
WPG Holdings, Ltd. | 35,779 | 62,412 | |||
WT Microelectronics Company, Ltd. | 17,497 | 37,799 | |||
XinTec, Inc. | 4,000 | 20,761 | |||
Xxentria Technology Materials Corp. | 6,124 | 15,535 | |||
Yageo Corp. | 8,284 | 142,621 | |||
Yang Ming Marine Transport Corp. (A) | 31,613 | 151,427 | |||
YFY, Inc. | 41,614 | 53,634 | |||
Yieh Phui Enterprise Company, Ltd. (A) | 22,896 | 26,892 | |||
Youngtek Electronics Corp. | 5,058 | 15,921 | |||
Yuanta Financial Holding Company, Ltd. | 168,663 | 151,936 | |||
Yulon Finance Corp. | 6,141 | 36,797 | |||
Yulon Motor Company, Ltd. | 21,810 | 29,700 | |||
Yungtay Engineering Company, Ltd. | 6,000 | 12,769 | |||
Zhen Ding Technology Holding, Ltd. | 23,050 | 82,382 | |||
ZongTai Real Estate Development Company, Ltd. | 16,000 | 22,353 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 58 |
Shares | Value | ||||
Thailand 1.9% | $3,749,302 | ||||
AAPICO Hitech PCL | 12,870 | 8,937 | |||
Advanced Info Service PCL | 19,691 | 114,817 | |||
AEON Thana Sinsap Thailand PCL, NVDR | 2,900 | 17,791 | |||
Airports of Thailand PCL | 60,800 | 120,127 | |||
Allianz Ayudhya Capital PCL | 12,100 | 14,080 | |||
Amata Corp. PCL | 40,900 | 23,827 | |||
AP Thailand PCL | 139,778 | 36,402 | |||
B Grimm Power PCL | 18,300 | 26,241 | |||
Bangchak Corp. PCL | 47,400 | 39,660 | |||
Bangkok Airways PCL (A) | 63,400 | 23,396 | |||
Bangkok Bank PCL | 5,505 | 19,452 | |||
Bangkok Chain Hospital PCL | 43,625 | 30,424 | |||
Bangkok Dusit Medical Services PCL | 139,800 | 101,410 | |||
Bangkok Expressway & Metro PCL | 157,225 | 42,175 | |||
Bangkok Insurance PCL | 4,870 | 41,095 | |||
Bangkok Land PCL | 480,800 | 16,104 | |||
Bangkok Life Assurance PCL, NVDR | 15,160 | 12,926 | |||
Banpu PCL | 90,500 | 30,877 | |||
Banpu Power PCL | 31,100 | 18,416 | |||
BCPG PCL | 40,400 | 18,538 | |||
Berli Jucker PCL | 47,600 | 53,488 | |||
Better World Green PCL (A) | 256,000 | 5,554 | |||
BTS Group Holdings PCL | 100,400 | 29,273 | |||
Bumrungrad Hospital PCL | 6,300 | 25,968 | |||
Cal-Comp Electronics Thailand PCL | 272,675 | 24,860 | |||
Carabao Group PCL | 4,100 | 17,802 | |||
Central Pattana PCL | 36,900 | 61,425 | |||
Central Retail Corp. PCL | 29,700 | 31,513 | |||
CH Karnchang PCL | 59,423 | 36,654 | |||
Charoen Pokphand Foods PCL | 132,033 | 110,625 | |||
Chularat Hospital PCL | 197,600 | 22,664 | |||
Com7 PCL | 12,400 | 26,772 | |||
CP ALL PCL | 90,800 | 183,055 | |||
Delta Electronics Thailand PCL | 5,000 | 90,537 | |||
Dhipaya Insurance PCL | 23,600 | 20,688 | |||
Dynasty Ceramic PCL | 351,500 | 33,569 | |||
Eastern Polymer Group PCL | 43,500 | 16,994 | |||
Eastern Water Resources Development & Management PCL | 35,400 | 11,200 | |||
Electricity Generating PCL | 6,200 | 34,791 | |||
Energy Absolute PCL | 20,900 | 42,433 | |||
GFPT PCL | 38,500 | 14,795 | |||
Global Power Synergy PCL | 17,182 | 44,341 | |||
Group Lease PCL, NVDR (A)(D) | 54,000 | 1,089 | |||
Gunkul Engineering PCL | 209,600 | 30,796 |
59 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Thailand (continued) | |||||
Hana Microelectronics PCL | 8,200 | $17,923 | |||
Home Product Center PCL | 94,312 | 41,788 | |||
Indorama Ventures PCL | 35,500 | 48,121 | |||
IRPC PCL | 400,700 | 49,363 | |||
Jasmine International PCL | 184,138 | 16,666 | |||
JMT Network Services PCL | 10,000 | 14,173 | |||
Kang Yong Electric PCL | 130 | 1,524 | |||
KCE Electronics PCL | 18,500 | 43,863 | |||
Kiatnakin Phatra Bank PCL | 10,300 | 17,957 | |||
Krung Thai Bank PCL | 37,450 | 12,991 | |||
Krungthai Card PCL | 12,000 | 24,643 | |||
Land & Houses PCL | 190,300 | 48,076 | |||
LH Financial Group PCL | 157,800 | 5,629 | |||
LPN Development PCL | 58,200 | 9,111 | |||
MBK PCL (A) | 27,912 | 12,290 | |||
Mega Lifesciences PCL | 11,600 | 17,616 | |||
Minor International PCL (A) | 24,400 | 24,782 | |||
MK Restaurants Group PCL | 12,000 | 19,909 | |||
Muangthai Capital PCL | 13,900 | 27,886 | |||
Origin Property PCL | 40,350 | 12,309 | |||
PCS Machine Group Holding PCL | 53,400 | 9,274 | |||
Plan B Media PCL | 115,800 | 22,214 | |||
Polyplex Thailand PCL | 14,100 | 11,368 | |||
Prima Marine PCL | 49,900 | 10,829 | |||
Pruksa Holding PCL | 26,800 | 10,972 | |||
PTG Energy PCL | 31,400 | 17,806 | |||
PTT Exploration & Production PCL | 32,528 | 112,256 | |||
PTT Global Chemical PCL | 23,492 | 46,586 | |||
PTT PCL | 179,000 | 211,996 | |||
Quality Houses PCL | 489,271 | 33,709 | |||
Ratch Group PCL | 21,600 | 31,652 | |||
Ratchthani Leasing PCL | 163,218 | 22,462 | |||
RS PCL (A) | 16,600 | 10,293 | |||
Sabina PCL | 12,700 | 7,758 | |||
Saha-Union PCL | 53,300 | 56,213 | |||
Samart Corp. PCL (A) | 27,900 | 6,400 | |||
Sansiri PCL | 773,509 | 30,660 | |||
Sermsang Power Corp. Company, Ltd. | 23,100 | 9,315 | |||
Siam City Cement PCL | 2,541 | 13,359 | |||
Siam Global House PCL | 34,746 | 23,374 | |||
Siamgas & Petrochemicals PCL | 54,100 | 19,284 | |||
Singha Estate PCL (A) | 157,900 | 10,477 | |||
Sino-Thai Engineering & Construction PCL | 50,900 | 21,132 | |||
Somboon Advance Technology PCL | 19,007 | 12,378 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 60 |
Shares | Value | ||||
Thailand (continued) | |||||
SPCG PCL | 38,800 | $21,783 | |||
Sri Trang Agro-Industry PCL | 44,300 | 52,197 | |||
Srisawad Corp. PCL | 12,400 | 27,572 | |||
Star Petroleum Refining PCL (A) | 71,900 | 19,586 | |||
Supalai PCL | 77,450 | 49,763 | |||
Super Energy Corp. PCL | 697,500 | 20,978 | |||
Thai Oil PCL | 19,000 | 29,240 | |||
Thai Union Group PCL | 107,300 | 66,237 | |||
Thai Vegetable Oil PCL | 23,500 | 23,707 | |||
Thaicom PCL | 15,900 | 4,930 | |||
Thaifoods Group PCL | 112,700 | 16,291 | |||
The Siam Cement PCL | 11,150 | 148,645 | |||
The Siam Commercial Bank PCL | 17,131 | 56,515 | |||
Thoresen Thai Agencies PCL | 46,900 | 24,117 | |||
Tipco Asphalt PCL, NVDR | 31,100 | 17,840 | |||
TMBThanachart Bank PCL | 368,010 | 12,197 | |||
TOA Paint Thailand PCL | 10,900 | 11,575 | |||
Total Access Communication PCL, NVDR | 22,200 | 25,472 | |||
TPI Polene PCL | 404,300 | 22,570 | |||
TPI Polene Power PCL | 106,000 | 14,466 | |||
True Corp. PCL | 512,588 | 52,797 | |||
TTW PCL | 49,900 | 18,420 | |||
U City PCL (A) | 237,300 | 8,102 | |||
Unique Engineering & Construction PCL (A) | 61,580 | 12,605 | |||
Univanich Palm Oil PCL | 42,900 | 9,969 | |||
WHA Corp. PCL | 174,900 | 17,678 | |||
Workpoint Entertainment PCL | 11,640 | 8,082 | |||
Turkey 0.5% | 967,718 | ||||
Akbank TAS | 67,088 | 47,617 | |||
Aksa Akrilik Kimya Sanayii AS | 15,418 | 36,174 | |||
Anadolu Anonim Turk Sigorta Sirketi | 15,271 | 11,643 | |||
Arcelik AS | 4,380 | 16,938 | |||
Aselsan Elektronik Sanayi Ve Ticaret AS | 9,214 | 17,621 | |||
Bera Holding AS (A) | 6,956 | 8,188 | |||
BIM Birlesik Magazalar AS | 8,299 | 71,621 | |||
Borusan Yatirim ve Pazarlama AS | 11 | 615 | |||
Brisa Bridgestone Sabanci Sanayi ve Ticaret AS | 1,525 | 4,020 | |||
Coca-Cola Icecek AS | 2,666 | 28,087 | |||
Enka Insaat ve Sanayi AS | 26,613 | 35,009 | |||
Eregli Demir ve Celik Fabrikalari TAS | 16,833 | 38,078 | |||
Ford Otomotiv Sanayi AS | 1,299 | 26,839 | |||
Goldas Kuyumculuk Sanayi Ithalat Ve Bagli Ortakliklari (A)(D) | 54,847 | 623 | |||
Hektas Ticaret TAS (A) | 21,125 | 21,316 |
61 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Turkey (continued) | |||||
Ipek Dogal Enerji Kaynaklari Arastirma Ve Uretim AS (A) | 8,657 | $12,884 | |||
Is Yatirim Menkul Degerler AS | 9,331 | 17,107 | |||
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS, Class D (A) | 37,562 | 35,164 | |||
KOC Holding AS | 12,619 | 34,952 | |||
Koza Altin Isletmeleri AS (A) | 997 | 12,399 | |||
Koza Anadolu Metal Madencilik Isletmeleri AS (A) | 8,796 | 16,812 | |||
Migros Ticaret AS (A) | 5,109 | 21,395 | |||
Otokar Otomotiv Ve Savunma Sanayi A.S. | 263 | 10,520 | |||
Pegasus Hava Tasimaciligi AS (A) | 1,333 | 11,322 | |||
Petkim Petrokimya Holding AS (A) | 35,494 | 26,454 | |||
Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret AS | 8,941 | 14,418 | |||
Sasa Polyester Sanayi AS (A) | 5,106 | 16,907 | |||
TAV Havalimanlari Holding AS (A) | 6,086 | 17,137 | |||
Tofas Turk Otomobil Fabrikasi AS | 4,325 | 21,838 | |||
Turk Hava Yollari AO (A) | 25,780 | 39,371 | |||
Turk Telekomunikasyon AS | 16,647 | 14,850 | |||
Turk Traktor ve Ziraat Makineleri AS | 447 | 9,238 | |||
Turkcell Iletisim Hizmetleri AS | 33,861 | 66,956 | |||
Turkiye Garanti Bankasi AS | 53,299 | 63,219 | |||
Turkiye Is Bankasi AS, Class C | 32,898 | 22,774 | |||
Turkiye Petrol Rafinerileri AS (A) | 1,496 | 18,264 | |||
Turkiye Sise ve Cam Fabrikalari AS | 15,535 | 16,632 | |||
Turkiye Vakiflar Bankasi TAO, Class D (A) | 34,357 | 14,861 | |||
Ulker Biskuvi Sanayi AS | 4,197 | 9,649 | |||
Vestel Elektronik Sanayi ve Ticaret AS | 3,881 | 13,370 | |||
Yapi ve Kredi Bankasi AS | 46,073 | 14,602 | |||
Yatas Yatak ve Yorgan Sanayi ve Ticaret AS | 10,687 | 18,269 | |||
Zorlu Enerji Elektrik Uretim AS (A) | 63,428 | 11,965 | |||
Ukraine 0.0% | 39,844 | ||||
Kernel Holding SA | 2,666 | 39,844 | |||
United Arab Emirates 0.8% | 1,506,260 | ||||
Abu Dhabi Commercial Bank PJSC | 56,040 | 114,537 | |||
Abu Dhabi Islamic Bank PJSC | 58,582 | 89,924 | |||
Abu Dhabi National Oil Company for Distribution PJSC | 40,263 | 49,532 | |||
Agthia Group PJSC | 7,185 | 13,114 | |||
Air Arabia PJSC (A) | 91,308 | 35,262 | |||
Ajman Bank PJSC (A) | 106,389 | 20,420 | |||
Aldar Properties PJSC | 93,124 | 105,161 | |||
Aramex PJSC | 37,355 | 40,776 | |||
Arkan Building Materials Company (A) | 55,892 | 27,208 | |||
DAMAC Properties Dubai Company PJSC (A) | 45,519 | 15,595 | |||
Dana Gas PJSC | 170,647 | 50,583 | |||
Deyaar Development PJSC (A) | 272,075 | 22,862 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 62 |
Shares | Value | ||||
United Arab Emirates (continued) | |||||
Dubai Financial Market PJSC (A) | 65,925 | $20,278 | |||
Dubai Investments PJSC | 82,070 | 40,825 | |||
Dubai Islamic Bank PJSC | 34,330 | 47,641 | |||
Emaar Development PJSC (A) | 31,923 | 34,296 | |||
Emaar Malls PJSC (A) | 83,605 | 46,875 | |||
Emaar Properties PJSC | 78,681 | 89,787 | |||
Emirates Integrated Telecommunications Company PJSC | 14,786 | 26,688 | |||
Emirates NBD Bank PJSC | 18,063 | 68,121 | |||
Emirates Telecommunications Group Company PJSC | 27,602 | 177,297 | |||
First Abu Dhabi Bank PJSC | 68,351 | 316,261 | |||
RAK Properties PJSC (A) | 63,646 | 12,715 | |||
Ras Al Khaimah Ceramics | 21,048 | 16,650 | |||
SHUAA Capital PSC | 124,409 | 23,852 | |||
United States 0.1% | 219,927 | ||||
Bizlink Holding, Inc. | 4,064 | 33,260 | |||
Nexteer Automotive Group, Ltd. | 54,000 | 60,814 | |||
Parade Technologies, Ltd. | 2,000 | 125,853 | |||
Preferred securities 1.1% | $2,218,605 | ||||
(Cost $1,678,079) | |||||
Brazil 1.0% | 1,971,510 | ||||
Banco ABC Brasil SA | 5,383 | 17,417 | |||
Banco Bradesco SA | 68,647 | 307,337 | |||
Banco do Estado do Rio Grande do Sul SA, B Shares | 6,855 | 16,545 | |||
Banco Inter SA (B) | 9,109 | 38,668 | |||
Centrais Eletricas Brasileiras SA, B Shares | 3,254 | 23,769 | |||
Centrais Eletricas Santa Catarina | 900 | 12,184 | |||
Cia de Saneamento do Parana | 48,343 | 36,555 | |||
Cia de Transmissao de Energia Eletrica Paulista | 8,072 | 38,402 | |||
Cia Energetica de Minas Gerais | 30,058 | 78,535 | |||
Cia Energetica de Sao Paulo, B Shares | 8,098 | 36,709 | |||
Cia Ferro Ligas da Bahia | 1,876 | 20,241 | |||
Cia Paranaense de Energia, B Shares | 40,000 | 52,913 | |||
Gerdau SA | 18,000 | 98,584 | |||
Itau Unibanco Holding SA | 44,280 | 264,954 | |||
Lojas Americanas SA | 11,434 | 13,179 | |||
Marcopolo SA | 33,745 | 18,142 | |||
Petroleo Brasileiro SA | 142,938 | 751,621 | |||
Randon SA Implementos e Participacoes | 12,025 | 26,953 | |||
Unipar Carbocloro SA | 2,201 | 38,492 | |||
Usinas Siderurgicas de Minas Gerais SA, A Shares | 22,459 | 80,310 | |||
Chile 0.1% | 147,214 | ||||
Coca-Cola Embonor SA, B Shares | 18,333 | 22,506 |
63 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Chile (continued) | |||||
Embotelladora Andina SA, B Shares | 17,785 | $42,265 | |||
Sociedad Quimica y Minera de Chile SA, B Shares | 1,576 | 82,443 | |||
Colombia 0.0% | 65,919 | ||||
Bancolombia SA | 4,585 | 38,197 | |||
Grupo Argos SA | 4,425 | 9,416 | |||
Grupo Aval Acciones y Valores SA | 61,605 | 18,306 | |||
Philippines 0.0% | 9,818 | ||||
Cebu Air, Inc. | 11,227 | 9,818 | |||
South Korea 0.0% | 1,149 | ||||
AMOREPACIFIC Group | 33 | 1,149 | |||
Thailand 0.0% | 22,995 | ||||
U City PCL | 711,900 | 22,995 | |||
Investment companies 0.1% | $135,276 | ||||
(Cost $65,195) | |||||
South Korea 0.1% | 135,276 | ||||
Macquarie Korea Infrastructure Fund | 12,651 | 135,276 | |||
Rights 0.0% | $6,692 | ||||
(Cost $0) | |||||
Banpu PCL (Expiration Date: 9-20-21; Strike Price: THB 5.00) (A) | 30,166 | 5,615 | |||
Lotes Company, Ltd. (Expiration Date: 9-14-21; Strike Price: TWD 432.00) (A) | 60 | 234 | |||
Tongda Group Holdings Ltd. (Expiration Date: 9-7-21; Strike Price: HKD 0.23) (A) | 135,000 | 174 | |||
Wafer Works Corp. (Expiration Date: 10-5-21; Strike Price: TWD 52.00) (A) | 1,007 | 669 | |||
Warrants 0.0% | $1,156 | ||||
(Cost $0) | |||||
BTS Group Holdings PCL (Expiration Date: 12-31-22; Strike Price: THB 9.90) (A) | 5,020 | 164 | |||
BTS Group Holdings PCL (Expiration Date: 12-31-24; Strike Price: THB 11.90) (A) | 10,040 | 369 | |||
BTS Group Holdings PCL (Expiration Date: 12-31-26; Strike Price: THB 14.90) (A) | 20,080 | 623 | |||
Yield (%) | Shares | Value | |||
Short-term investments 0.9% | $1,794,381 | ||||
(Cost $1,792,953) | |||||
Short-term funds 0.9% | 1,794,381 | ||||
John Hancock Collateral Trust (E) | 0.0356(F) | 179,311 | 1,794,381 |
Total investments (Cost $140,426,510) 100.0% | $197,405,655 | ||||
Other assets and liabilities, net (0.0%) | (772) | ||||
Total net assets 100.0% | $197,404,883 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 64 |
Currency Abbreviations | |
HKD | Hong Kong Dollar |
THB | Thai Bhat |
TWD | New Taiwan Dollar |
Security Abbreviations and Legend | |
ADR | American Depositary Receipt |
GDR | Global Depositary Receipt |
NVDR | Non-Voting 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) | All or a portion of this security is on loan as of 8-31-21. |
(D) | 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. |
(E) | Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |
(F) | The rate shown is the annualized seven-day yield as of 8-31-21. |
65 | JOHN HANCOCK EMERGING MARKETS FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Open contracts | Number of contracts | Position | Expiration date | Notional basis^ | Notional value^ | Unrealized appreciation (depreciation) |
S&P 500 E-Mini Index Futures | 6 | Long | Sep 2021 | $1,262,741 | $1,356,150 | $93,409 |
$93,409 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK EMERGING MARKETS FUND | 66 |
Report of Independent Registered Public Accounting Firm
To the Board of Trustees of John Hancock Funds II and Shareholders of John Hancock International Small Company Fund
Opinion on the Financial Statements
We have audited the accompanying statement of assets and liabilities, including the fund's investments (summary of fund's investments), of John Hancock International Small Company Fund (one of the funds constituting John Hancock Funds II, referred to hereafter as the "Fund") as of August 31, 2021, the related statement of operations for the year ended August 31, 2021, the statements of changes in net assets for each of the two years in the period ended August 31, 2021, including the related notes, and the financial highlights for each of the periods indicated therein (included in Item 1 of this Form N-CSR) and the fund's investments (included in Item 6 of this Form N-CSR) as of August 31, 2021 (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of August 31, 2021, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period ended August 31, 2021 and the financial highlights for each of the periods indicated therein in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
These financial statements are the responsibility of the Fund's management. Our responsibility is to express an opinion on the Fund's financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of August 31, 2021 by correspondence with the custodian, transfer agent and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.
PricewaterhouseCoopers LLP
Boston, Massachusetts
October 12, 2021
We have served as the auditor of one or more investment companies in the John Hancock group of funds since 1988.
PricewaterhouseCoopers LLP, 101 Seaport Boulevard, Suite 500, Boston, MA 02210 T: (617) 530 5000, F: (617) 530 5001, www.pwc.com/us
Shares | Value | ||||
Common stocks 98.7% | $881,124,926 | ||||
(Cost $648,721,982) | |||||
Australia 6.1% | 54,565,285 | ||||
3P Learning, Ltd. (A) | 21,580 | 19,669 | |||
A2B Australia, Ltd. (A) | 32,294 | 30,781 | |||
Accent Group, Ltd. | 152,916 | 239,687 | |||
Adairs, Ltd. | 54,428 | 159,082 | |||
Adbri, Ltd. | 129,704 | 323,994 | |||
Aeon Metals, Ltd. (A) | 58,704 | 2,404 | |||
Ainsworth Game Technology, Ltd. (A) | 47,462 | 36,493 | |||
Alcidion Group, Ltd. (A) | 71,684 | 19,123 | |||
Alkane Resources, Ltd. (A)(B) | 96,894 | 69,350 | |||
Alliance Aviation Services, Ltd. (A) | 39,423 | 115,414 | |||
Altium, Ltd. | 10,147 | 220,919 | |||
AMA Group, Ltd. (A)(B) | 219,236 | 68,687 | |||
American Pacific Borates, Ltd. (A)(B) | 18,417 | 18,808 | |||
AMP, Ltd. | 210,771 | 169,011 | |||
Ansell, Ltd. | 13,145 | 344,806 | |||
Appen, Ltd. | 10,344 | 80,937 | |||
ARB Corp., Ltd. | 27,094 | 1,021,090 | |||
Ardent Leisure Group, Ltd. (A) | 162,006 | 176,037 | |||
Argosy Minerals, Ltd. (A) | 134,969 | 17,179 | |||
AUB Group, Ltd. | 29,013 | 504,471 | |||
Audinate Group, Ltd. (A) | 1,401 | 10,200 | |||
Aurelia Metals, Ltd. | 467,164 | 121,222 | |||
Austal, Ltd. | 115,754 | 164,905 | |||
Austin Engineering, Ltd. | 63,990 | 10,089 | |||
Australian Agricultural Company, Ltd. (A) | 111,856 | 113,666 | |||
Australian Finance Group, Ltd. | 55,559 | 122,853 | |||
Australian Pharmaceutical Industries, Ltd. | 153,781 | 151,137 | |||
Australian Strategic Materials, Ltd. (A) | 15,783 | 134,323 | |||
Australian Vintage, Ltd. | 76,170 | 47,376 | |||
Auswide Bank, Ltd. | 4,894 | 24,326 | |||
AVJennings, Ltd. | 46,118 | 21,226 | |||
AVZ Minerals, Ltd. (A) | 229,173 | 40,834 | |||
Baby Bunting Group, Ltd. | 24,483 | 95,250 | |||
Bannerman Energy, Ltd. (A)(B) | 100,949 | 12,794 | |||
Bapcor, Ltd. | 113,111 | 597,425 | |||
Base Resources, Ltd. | 88,900 | 20,473 | |||
Beach Energy, Ltd. | 363,266 | 276,765 | |||
Bega Cheese, Ltd. | 106,368 | 431,737 | |||
Bell Financial Group, Ltd. | 16,891 | 20,599 | |||
Bellevue Gold, Ltd. (A) | 40,974 | 28,857 |
1 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Australia (continued) | |||||
Bendigo & Adelaide Bank, Ltd. | 76,105 | $555,680 | |||
Betmakers Technology Group, Ltd. (A) | 22,863 | 19,980 | |||
Bigtincan Holdings, Ltd. (A) | 73,960 | 78,074 | |||
Bigtincan Holdings, Ltd., Entitlement Offer (A) | 18,490 | 19,519 | |||
Blackmores, Ltd. | 3,585 | 260,834 | |||
Boss Energy, Ltd. (A)(B) | 183,140 | 23,267 | |||
Bravura Solutions, Ltd. | 102,894 | 226,922 | |||
Breville Group, Ltd. | 31,710 | 742,707 | |||
Brickworks, Ltd. | 21,957 | 385,441 | |||
BWX, Ltd. | 47,855 | 178,244 | |||
BWX, Ltd., Additional Offering (A) | 5,927 | 22,076 | |||
Calix, Ltd. (A) | 28,105 | 79,295 | |||
Capitol Health, Ltd. | 292,400 | 80,103 | |||
Capral, Ltd. | 6,621 | 40,330 | |||
Capricorn Metals, Ltd. (A) | 27,930 | 50,430 | |||
Cardno, Ltd. | 82,690 | 61,030 | |||
Carnarvon Petroleum, Ltd. (A) | 148,061 | 27,581 | |||
carsales.com, Ltd. | 56,154 | 1,025,131 | |||
Cash Converters International, Ltd. | 122,755 | 24,203 | |||
Catapult Group International, Ltd. (A) | 16,337 | 22,638 | |||
Cedar Woods Properties, Ltd. | 23,491 | 111,881 | |||
Centuria Capital Group | 30,201 | 75,674 | |||
Challenger, Ltd. | 119,522 | 561,400 | |||
Champion Iron, Ltd. (A) | 67,995 | 290,786 | |||
City Chic Collective, Ltd. (A) | 51,441 | 230,123 | |||
Civmec, Ltd. | 40,300 | 19,996 | |||
Class, Ltd. | 16,518 | 23,565 | |||
Clean Seas Seafood, Ltd. (A) | 23,080 | 8,842 | |||
Clean TeQ Water, Ltd. (A)(B) | 2,611 | 1,366 | |||
Cleanaway Waste Management, Ltd. | 301,372 | 581,652 | |||
ClearView Wealth, Ltd. (A) | 34,533 | 13,892 | |||
Clinuvel Pharmaceuticals, Ltd. (B) | 13,676 | 376,683 | |||
Clover Corp., Ltd. | 51,463 | 60,469 | |||
Codan, Ltd. | 42,933 | 470,801 | |||
Collection House, Ltd. (A) | 61,068 | 7,590 | |||
Collins Foods, Ltd. | 40,712 | 365,708 | |||
Cooper Energy, Ltd. (A) | 492,126 | 80,665 | |||
Corporate Travel Management, Ltd. (A) | 35,122 | 578,596 | |||
Costa Group Holdings, Ltd. | 134,199 | 308,120 | |||
Credit Corp. Group, Ltd. | 26,497 | 593,484 | |||
CSR, Ltd. | 179,194 | 711,398 | |||
Data#3, Ltd. | 57,191 | 223,091 | |||
Decmil Group, Ltd. (A) | 44,959 | 12,135 | |||
Decmil Group, Ltd., Additional Offering (A) | 959 | 260 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 2 |
Shares | Value | ||||
Australia (continued) | |||||
Deep Yellow, Ltd. (A) | 54,202 | $31,128 | |||
Deterra Royalties, Ltd. | 114,772 | 363,255 | |||
Dicker Data, Ltd. (B) | 6,951 | 64,477 | |||
Domain Holdings Australia, Ltd. | 87,872 | 346,042 | |||
Dongfang Modern Agriculture Holding Group, Ltd. (A)(C) | 26,600 | 16,151 | |||
Downer EDI, Ltd. | 82,345 | 389,400 | |||
Eagers Automotive, Ltd. | 42,407 | 505,044 | |||
Earlypay, Ltd. | 38,572 | 13,399 | |||
Eclipx Group, Ltd. (A) | 90,093 | 165,410 | |||
Ecograf, Ltd. (A) | 64,276 | 39,444 | |||
Elanor Investor Group | 27,964 | 42,489 | |||
Elders, Ltd. | 53,058 | 472,901 | |||
Elixir Energy, Ltd. (A) | 103,567 | 17,307 | |||
Emeco Holdings, Ltd. (A) | 116,009 | 95,809 | |||
EML Payments, Ltd. (A) | 49,959 | 149,897 | |||
Empired, Ltd. | 16,069 | 15,483 | |||
Energy World Corp., Ltd. (A) | 328,859 | 18,765 | |||
Enero Group, Ltd. | 10,415 | 24,878 | |||
EQT Holdings, Ltd. | 6,154 | 134,679 | |||
Estia Health, Ltd. (B) | 90,635 | 153,368 | |||
Euroz, Ltd. | 59,910 | 66,739 | |||
EVENT Hospitality and Entertainment, Ltd. (A) | 33,983 | 370,463 | |||
FAR, Ltd. (A) | 13,554 | 12,642 | |||
Finbar Group, Ltd. | 71,892 | 41,781 | |||
Fleetwood, Ltd. | 32,879 | 62,891 | |||
Flight Centre Travel Group, Ltd. (A)(B) | 23,408 | 279,197 | |||
Frontier Digital Ventures, Ltd. (A) | 10,066 | 11,874 | |||
G8 Education, Ltd. (A) | 312,522 | 228,910 | |||
Galan Lithium, Ltd. (A) | 25,590 | 19,738 | |||
Genworth Mortgage Insurance Australia, Ltd. | 107,626 | 174,045 | |||
Gold Road Resources, Ltd. | 123,364 | 116,083 | |||
GrainCorp, Ltd., Class A | 78,998 | 364,728 | |||
Grange Resources, Ltd. | 312,240 | 141,192 | |||
Greenland Minerals, Ltd. (A)(B) | 176,827 | 14,822 | |||
GUD Holdings, Ltd. | 37,218 | 285,596 | |||
GWA Group, Ltd. | 87,964 | 180,723 | |||
Hansen Technologies, Ltd. | 74,740 | 335,220 | |||
Healius, Ltd. | 167,064 | 594,117 | |||
Helloworld Travel, Ltd. (A)(B) | 23,085 | 30,419 | |||
Highfield Resources, Ltd. (A) | 40,292 | 15,116 | |||
Highfield Resources, Ltd., Additional Offering (A) | 3,575 | 1,341 | |||
HT&E, Ltd. | 83,708 | 108,956 | |||
HUB24, Ltd. | 18,577 | 407,101 | |||
Humm Group, Ltd. (A)(B) | 125,856 | 87,550 |
3 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Australia (continued) | |||||
Huon Aquaculture Group, Ltd. (A) | 11,184 | $30,492 | |||
Iluka Resources, Ltd. | 101,105 | 733,175 | |||
Imdex, Ltd. | 170,178 | 294,461 | |||
Infomedia, Ltd. | 133,827 | 170,530 | |||
Inghams Group, Ltd. | 113,255 | 341,536 | |||
Intega Group, Ltd. | 82,690 | 31,984 | |||
Integral Diagnostics, Ltd. | 42,727 | 144,054 | |||
Integrated Research, Ltd. | 23,574 | 33,025 | |||
InvoCare, Ltd. (B) | 47,697 | 426,749 | |||
Ioneer, Ltd. (A) | 132,236 | 52,907 | |||
IOOF Holdings, Ltd. | 200,244 | 693,935 | |||
IPH, Ltd. | 75,044 | 513,790 | |||
IRESS, Ltd. | 66,904 | 719,756 | |||
IVE Group, Ltd. | 19,107 | 23,467 | |||
Japara Healthcare, Ltd. (A) | 86,081 | 86,228 | |||
Johns Lyng Group, Ltd. | 29,703 | 126,273 | |||
Jumbo Interactive, Ltd. | 11,374 | 127,104 | |||
Jupiter Mines, Ltd. | 584,289 | 108,724 | |||
Karoon Energy, Ltd. (A) | 207,617 | 185,119 | |||
Kogan.com, Ltd. (B) | 15,803 | 131,082 | |||
Legend Mining, Ltd. (A) | 191,273 | 11,159 | |||
Lifestyle Communities, Ltd. | 25,616 | 364,928 | |||
Link Administration Holdings, Ltd. | 165,552 | 527,379 | |||
Lovisa Holdings, Ltd. | 17,541 | 251,477 | |||
Lycopodium, Ltd. | 4,375 | 15,353 | |||
MA Financial Group, Ltd. | 15,373 | 90,887 | |||
MACA, Ltd. | 108,350 | 67,159 | |||
Macmahon Holdings, Ltd. | 496,385 | 85,097 | |||
Macquarie Telecom Group, Ltd. (A) | 841 | 50,381 | |||
Mayne Pharma Group, Ltd. (A) | 476,093 | 100,645 | |||
McMillan Shakespeare, Ltd. | 29,311 | 266,567 | |||
McPherson’s, Ltd. (B) | 23,787 | 18,813 | |||
Medusa Mining, Ltd. | 57,795 | 35,476 | |||
Megaport, Ltd. (A) | 9,064 | 113,334 | |||
Mesoblast, Ltd. (A)(B) | 77,690 | 97,230 | |||
Metals X, Ltd. (A) | 183,307 | 37,993 | |||
Metcash, Ltd. | 345,285 | 1,026,677 | |||
Michael Hill International, Ltd. | 43,259 | 26,187 | |||
Millennium Minerals, Ltd. (A)(C) | 86,302 | 322 | |||
Mincor Resources NL (A) | 29,751 | 29,077 | |||
MMA Offshore, Ltd. (A) | 92,633 | 25,034 | |||
MNF Group, Ltd. | 11,633 | 53,221 | |||
Monadelphous Group, Ltd. | 35,849 | 277,096 | |||
Monash IVF Group, Ltd. | 129,690 | 94,681 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 4 |
Shares | Value | ||||
Australia (continued) | |||||
Money3 Corp., Ltd. | 51,782 | $134,261 | |||
MoneyMe, Ltd. (A) | 9,123 | 13,733 | |||
Mount Gibson Iron, Ltd. | 138,894 | 61,706 | |||
Myer Holdings, Ltd. (A) | 298,623 | 117,205 | |||
MyState, Ltd. | 37,981 | 148,623 | |||
Nanosonics, Ltd. (A) | 37,214 | 179,329 | |||
Navigator Global Investments, Ltd. | 53,894 | 72,387 | |||
Nearmap, Ltd. (A) | 112,944 | 174,360 | |||
Neometals, Ltd. (A) | 33,926 | 18,165 | |||
Netwealth Group, Ltd. | 28,403 | 322,605 | |||
New Energy Solar, Ltd. | 69,458 | 42,107 | |||
New Hope Corp., Ltd. (B) | 120,676 | 181,390 | |||
nib holdings, Ltd. | 166,274 | 819,886 | |||
Nick Scali, Ltd. | 24,884 | 224,825 | |||
Nickel Mines, Ltd. | 908 | 669 | |||
Nine Entertainment Company Holdings, Ltd. | 175,726 | 349,717 | |||
NRW Holdings, Ltd. | 156,893 | 216,485 | |||
Nufarm, Ltd. (A) | 118,255 | 385,015 | |||
Objective Corp., Ltd. | 2,756 | 40,153 | |||
OceanaGold Corp. (A) | 233,573 | 436,914 | |||
OFX Group, Ltd. | 100,657 | 121,400 | |||
Omni Bridgeway, Ltd. | 106,335 | 317,089 | |||
oOh!media, Ltd. (A) | 150,086 | 193,913 | |||
OreCorp, Ltd. (A) | 20,841 | 10,824 | |||
Orocobre, Ltd. (A) | 122,527 | 814,122 | |||
Orora, Ltd. | 323,910 | 804,335 | |||
OZ Minerals, Ltd. | 128,791 | 2,200,893 | |||
Pacific Current Group, Ltd. | 18,892 | 85,549 | |||
Pacific Smiles Group, Ltd. | 11,867 | 20,717 | |||
Pact Group Holdings, Ltd. | 76,599 | 223,921 | |||
Paladin Energy, Ltd. (A) | 184,541 | 68,248 | |||
Panoramic Resources, Ltd. (A) | 476,965 | 67,845 | |||
Pantoro, Ltd. (A) | 163,260 | 23,288 | |||
Peet, Ltd. | 145,479 | 126,878 | |||
Pendal Group, Ltd. | 104,321 | 656,429 | |||
People Infrastructure, Ltd. | 6,127 | 17,869 | |||
Perenti Global, Ltd. | 210,267 | 133,662 | |||
Perpetual, Ltd. | 20,715 | 637,587 | |||
Perseus Mining, Ltd. (A) | 376,160 | 424,574 | |||
Pilbara Minerals, Ltd. (A) | 111,411 | 179,729 | |||
Platinum Asset Management, Ltd. | 92,139 | 266,903 | |||
Praemium, Ltd. (A) | 68,020 | 59,540 | |||
Premier Investments, Ltd. | 26,174 | 542,092 | |||
Pro Medicus, Ltd. | 7,856 | 361,160 |
5 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Australia (continued) | |||||
PSC Insurance Group, Ltd. (B) | 26,112 | $76,638 | |||
PWR Holdings, Ltd. (B) | 18,240 | 113,282 | |||
Ramelius Resources, Ltd. | 250,852 | 281,577 | |||
ReadyTech Holdings, Ltd. (A) | 7,093 | 16,946 | |||
Reckon, Ltd. | 25,906 | 19,463 | |||
Red 5, Ltd. (A) | 533,546 | 81,887 | |||
Redbubble, Ltd. (A) | 56,271 | 177,635 | |||
Redcape Hotel Group | 41,671 | 34,273 | |||
Regis Healthcare, Ltd. | 40,833 | 61,737 | |||
Regis Resources, Ltd. | 294,110 | 529,874 | |||
Resolute Mining, Ltd. (A) | 387,451 | 131,533 | |||
Retail Food Group, Ltd. (A) | 77,464 | 4,520 | |||
Rhipe, Ltd. | 18,159 | 33,132 | |||
Ridley Corp., Ltd. (A) | 94,684 | 89,797 | |||
RPMGlobal Holdings, Ltd. (A) | 35,253 | 50,167 | |||
Rumble Resources, Ltd. (A) | 56,438 | 18,294 | |||
Salmat, Ltd. (A)(C) | 15,825 | 7,756 | |||
Sandfire Resources, Ltd. | 66,612 | 313,844 | |||
SeaLink Travel Group, Ltd. | 7,746 | 50,882 | |||
Select Harvests, Ltd. | 51,945 | 329,741 | |||
Senex Energy, Ltd. | 66,123 | 153,138 | |||
Servcorp, Ltd. | 13,949 | 34,243 | |||
Service Stream, Ltd. | 168,619 | 104,035 | |||
Seven West Media, Ltd. (A) | 295,377 | 106,279 | |||
SG Fleet Group, Ltd. | 39,363 | 83,459 | |||
Shaver Shop Group, Ltd. | 21,893 | 17,078 | |||
Sigma Healthcare, Ltd. | 333,871 | 157,378 | |||
Silver Lake Resources, Ltd. (A) | 251,922 | 252,633 | |||
SmartGroup Corp., Ltd. | 40,201 | 234,415 | |||
SolGold PLC (A)(B) | 136,985 | 55,678 | |||
Southern Cross Electrical Engineering, Ltd. | 17,582 | 7,955 | |||
Southern Cross Media Group, Ltd. (A) | 84,254 | 137,069 | |||
Spark Infrastructure Group | 458,801 | 943,978 | |||
SpeedCast International, Ltd. (A)(B)(C) | 103,025 | 0 | |||
SRG Global, Ltd. | 83,829 | 34,299 | |||
St. Barbara, Ltd. | 204,242 | 235,366 | |||
Steadfast Group, Ltd. | 290,987 | 1,057,802 | |||
Sunland Group, Ltd. | 30,172 | 61,032 | |||
Sunrise Energy Metals, Ltd. (A)(B) | 5,222 | 6,898 | |||
Super Retail Group, Ltd. | 51,226 | 459,109 | |||
Superloop, Ltd. (A) | 104,615 | 75,209 | |||
Syrah Resources, Ltd. (A)(B) | 119,395 | 112,297 | |||
Tassal Group, Ltd. | 80,534 | 210,407 | |||
Technology One, Ltd. | 91,179 | 656,649 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 6 |
Shares | Value | ||||
Australia (continued) | |||||
Temple & Webster Group, Ltd. (A) | 9,182 | $98,494 | |||
The Reject Shop, Ltd. (A) | 7,826 | 35,419 | |||
The Star Entertainment Group, Ltd. (A) | 227,779 | 675,263 | |||
Tiger Resources, Ltd. (A)(C) | 420,741 | 11,327 | |||
Tyro Payments, Ltd. (A) | 61,471 | 165,660 | |||
United Malt Grp, Ltd. | 90,352 | 297,071 | |||
Uniti Group, Ltd. (A) | 49,392 | 156,189 | |||
Venturex Resources, Ltd. (A)(B) | 61,192 | 28,343 | |||
Virtus Health, Ltd. | 26,679 | 133,071 | |||
Vita Group, Ltd. | 53,082 | 35,332 | |||
Viva Energy Group, Ltd. (D) | 146,711 | 228,079 | |||
Warrego Energy, Ltd. (A) | 80,366 | 12,902 | |||
Webjet, Ltd. (A) | 101,045 | 417,787 | |||
West African Resources, Ltd. (A) | 72,565 | 56,153 | |||
Western Areas, Ltd. | 104,905 | 235,363 | |||
Westgold Resources, Ltd. (A) | 134,070 | 173,055 | |||
Whitehaven Coal, Ltd. (A) | 250,214 | 459,290 | |||
Widgie Nickel, Ltd. (C) | 8,042 | 371 | |||
Zip Company, Ltd. (A)(B) | 12,486 | 61,835 | |||
Austria 1.6% | 14,410,906 | ||||
Agrana Beteiligungs AG | 5,694 | 127,728 | |||
ams AG (A) | 71,336 | 1,451,380 | |||
ANDRITZ AG | 21,915 | 1,260,976 | |||
AT&S Austria Technologie & Systemtechnik AG | 9,986 | 433,419 | |||
BAWAG Group AG (D) | 15,611 | 935,579 | |||
DO & Company AG (A) | 2,399 | 190,009 | |||
EVN AG | 11,283 | 300,515 | |||
FACC AG (A) | 6,411 | 66,860 | |||
Flughafen Wien AG (A) | 2,437 | 81,033 | |||
IMMOFINANZ AG | 28,769 | 732,523 | |||
Kapsch TrafficCom AG (A) | 2,742 | 48,537 | |||
Lenzing AG (A) | 4,914 | 649,854 | |||
Mayr Melnhof Karton AG | 2,785 | 587,202 | |||
Oesterreichische Post AG | 11,750 | 538,817 | |||
Palfinger AG | 4,501 | 203,047 | |||
POLYTEC Holding AG | 4,411 | 45,700 | |||
Porr AG (A) | 3,596 | 72,167 | |||
Raiffeisen Bank International AG | 9,718 | 233,002 | |||
RHI Magnesita NV | 5,454 | 277,198 | |||
RHI Magnesita NV (London Stock Exchange) | 4,273 | 225,666 | |||
Rosenbauer International AG | 1,314 | 81,056 | |||
S IMMO AG | 19,209 | 473,072 | |||
S&T AG (B) | 16,517 | 379,247 |
7 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Austria (continued) | |||||
Schoeller-Bleckmann Oilfield Equipment AG (A) | 4,222 | $158,010 | |||
Semperit AG Holding | 3,480 | 139,753 | |||
Strabag SE, Bearer Shares | 6,041 | 274,721 | |||
Telekom Austria AG (A) | 60,526 | 537,674 | |||
UBM Development AG | 1,455 | 76,769 | |||
UNIQA Insurance Group AG | 42,701 | 396,482 | |||
Vienna Insurance Group AG | 12,280 | 355,717 | |||
voestalpine AG | 32,182 | 1,460,899 | |||
Wienerberger AG | 37,835 | 1,484,566 | |||
Zumtobel Group AG | 12,062 | 131,728 | |||
Belgium 1.7% | 14,649,571 | ||||
Ackermans & van Haaren NV | 8,068 | 1,484,762 | |||
AGFA-Gevaert NV (A) | 58,642 | 298,786 | |||
Akka Technologies (A)(B) | 4,567 | 253,793 | |||
Atenor | 1,928 | 133,867 | |||
Banque Nationale de Belgique | 55 | 111,108 | |||
Barco NV | 27,702 | 679,651 | |||
Bekaert SA | 18,102 | 861,823 | |||
Biocartis Group NV (A)(B)(D) | 13,216 | 67,711 | |||
bpost SA (A) | 33,248 | 321,363 | |||
Celyad Oncology SA (A) | 1,226 | 5,399 | |||
Cie d’Entreprises CFE | 2,690 | 309,233 | |||
Deceuninck NV | 27,625 | 132,026 | |||
D’ieteren Group | 11,084 | 1,731,993 | |||
Econocom Group SA/NV | 37,385 | 158,511 | |||
Elia Group SA/NV | 8,623 | 1,083,009 | |||
Etablissements Franz Colruyt NV | 1,394 | 78,033 | |||
Euronav NV | 64,024 | 520,015 | |||
EVS Broadcast Equipment SA | 4,724 | 111,779 | |||
Exmar NV | 13,915 | 58,028 | |||
Fagron | 19,779 | 414,258 | |||
Gimv NV | 9,433 | 613,481 | |||
Greenyard NV (A) | 986 | 10,976 | |||
Immobel SA (B) | 1,553 | 134,202 | |||
Ion Beam Applications | 5,822 | 115,745 | |||
Jensen-Group NV | 1,485 | 52,792 | |||
Kinepolis Group NV (A)(B) | 5,307 | 292,336 | |||
Lotus Bakeries NV | 99 | 646,398 | |||
MDxHealth (A) | 8,514 | 11,815 | |||
Melexis NV | 7,069 | 835,706 | |||
Ontex Group NV (A) | 25,433 | 283,656 | |||
Orange Belgium SA | 5,802 | 136,678 | |||
Oxurion NV (A) | 11,190 | 25,411 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 8 |
Shares | Value | ||||
Belgium (continued) | |||||
Picanol (A) | 683 | $59,782 | |||
Proximus SADP | 31,216 | 612,033 | |||
Recticel SA | 15,719 | 276,224 | |||
Resilux | 305 | 64,793 | |||
Roularta Media Group NV | 668 | 12,369 | |||
Sipef NV | 2,705 | 163,477 | |||
Telenet Group Holding NV | 14,218 | 540,986 | |||
TER Beke SA | 180 | 24,766 | |||
Tessenderlo Group SA (A) | 7,270 | 301,300 | |||
Van de Velde NV | 2,367 | 72,703 | |||
VGP NV | 941 | 224,585 | |||
Viohalco SA | 18,237 | 101,314 | |||
X-Fab Silicon Foundries SE (A)(D) | 20,933 | 220,895 | |||
Bermuda 0.1% | 986,222 | ||||
Hiscox, Ltd. | 78,063 | 986,222 | |||
Cambodia 0.0% | 212,248 | ||||
NagaCorp, Ltd. | 264,000 | 212,248 | |||
Canada 9.2% | 82,020,932 | ||||
5N Plus, Inc. (A) | 38,389 | 87,023 | |||
Absolute Software Corp. | 19,002 | 232,395 | |||
Acadian Timber Corp. | 3,534 | 51,400 | |||
AcuityAds Holdings, Inc. (A) | 3,180 | 25,961 | |||
Advantage Energy, Ltd. (A) | 71,006 | 295,471 | |||
Aecon Group, Inc. | 21,101 | 344,701 | |||
Africa Oil Corp. (A) | 10,700 | 14,418 | |||
AG Growth International, Inc. | 8,025 | 186,242 | |||
AGF Management, Ltd., Class B | 28,891 | 172,203 | |||
Aimia, Inc. (A) | 31,533 | 99,974 | |||
AirBoss of America Corp. (B) | 4,809 | 157,308 | |||
Alamos Gold, Inc., Class A | 132,159 | 1,043,319 | |||
Alaris Equity Partners Income | 18,748 | 277,434 | |||
Alcanna, Inc. (A) | 10,576 | 56,918 | |||
Alexco Resource Corp. (A)(B) | 35,137 | 62,106 | |||
Algoma Central Corp. (B) | 7,052 | 93,289 | |||
AltaGas, Ltd. | 34,524 | 691,492 | |||
Altius Minerals Corp. | 15,908 | 205,399 | |||
Altus Group, Ltd. | 12,803 | 673,308 | |||
Americas Gold & Silver Corp. (A)(B) | 8,321 | 8,640 | |||
Amerigo Resources, Ltd. (A) | 49,100 | 50,203 | |||
Andlauer Healthcare Group, Inc. | 2,503 | 92,887 | |||
Andrew Peller, Ltd., Class A | 11,193 | 76,652 | |||
ARC Resources, Ltd. | 210,632 | 1,504,216 |
9 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Canada (continued) | |||||
Aritzia, Inc. (A) | 32,100 | $1,049,010 | |||
Ascot Resources, Ltd. (A)(B) | 16,900 | 15,806 | |||
Atco, Ltd., Class I | 13,747 | 462,537 | |||
Athabasca Oil Corp. (A)(B) | 150,957 | 87,345 | |||
ATS Automation Tooling Systems, Inc. (A) | 25,091 | 907,265 | |||
AutoCanada, Inc. (A) | 8,443 | 321,284 | |||
Badger Infrastructure Solutions, Ltd. (B) | 11,768 | 321,611 | |||
Birch Mountain Resources, Ltd. (A)(C) | 11,200 | 1 | |||
Birchcliff Energy, Ltd. | 92,096 | 396,371 | |||
Bird Construction, Inc. | 15,285 | 119,697 | |||
Black Diamond Group, Ltd. (A) | 17,717 | 52,660 | |||
BMTC Group, Inc. | 4,096 | 49,347 | |||
Bombardier, Inc., Class A (A)(B) | 20,400 | 30,398 | |||
Bombardier, Inc., Class B (A) | 256,740 | 374,432 | |||
Boralex, Inc., Class A | 28,367 | 869,458 | |||
Bridgemarq Real Estate Services | 2,800 | 37,617 | |||
Calian Group, Ltd. | 3,039 | 155,750 | |||
Canaccord Genuity Group, Inc. (B) | 43,536 | 520,023 | |||
Canacol Energy, Ltd. | 52,069 | 137,018 | |||
Canada Goose Holdings, Inc. (A) | 19,092 | 732,416 | |||
Canadian Western Bank | 27,266 | 799,189 | |||
Canfor Corp. (A) | 24,027 | 515,714 | |||
Canfor Pulp Products, Inc. (A) | 15,045 | 77,869 | |||
Capital Power Corp. | 42,605 | 1,465,249 | |||
Capstone Mining Corp. (A) | 159,933 | 703,545 | |||
Cardinal Energy, Ltd. (A)(B) | 41,663 | 110,956 | |||
Cargojet, Inc. | 540 | 89,561 | |||
Cascades, Inc. | 31,215 | 387,945 | |||
Celestica, Inc. (A) | 37,646 | 357,169 | |||
Celestica, Inc. (New York Stock Exchange) (A) | 2,400 | 22,800 | |||
Centerra Gold, Inc. | 85,016 | 635,438 | |||
Cervus Equipment Corp. | 3,597 | 55,082 | |||
CES Energy Solutions Corp. (A) | 112,004 | 134,051 | |||
China Gold International Resources Corp., Ltd. (B) | 90,882 | 275,171 | |||
CI Financial Corp. | 65,252 | 1,266,612 | |||
Cogeco Communications, Inc. | 4,717 | 433,733 | |||
Cogeco, Inc. | 2,092 | 151,372 | |||
Colliers International Group, Inc. | 3,115 | 433,801 | |||
Colliers International Group, Inc. (New York Stock Exchange) | 4,844 | 676,949 | |||
Computer Modelling Group, Ltd. | 30,133 | 93,147 | |||
Copper Mountain Mining Corp. (A)(B) | 59,268 | 153,144 | |||
Corby Spirit and Wine, Ltd. | 5,444 | 82,028 | |||
Corus Entertainment, Inc., B Shares | 68,519 | 339,432 | |||
Crescent Point Energy Corp. | 149,175 | 535,618 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 10 |
Shares | Value | ||||
Canada (continued) | |||||
Crescent Point Energy Corp. (New York Stock Exchange) | 20,800 | $74,672 | |||
Cronos Group, Inc. (A) | 4,900 | 32,391 | |||
Cronos Group, Inc. (Nasdaq Exchange) (A)(B) | 27,306 | 180,493 | |||
Denison Mines Corp. (A) | 182,168 | 232,466 | |||
Dexterra Group, Inc. | 16,434 | 103,164 | |||
DIRTT Environmental Solutions (A) | 18,708 | 68,210 | |||
Doman Building Materials Group, Ltd. | 27,055 | 142,389 | |||
Dorel Industries, Inc., Class B (A) | 8,944 | 86,842 | |||
DREAM Unlimited Corp., Class A | 10,815 | 232,390 | |||
Dundee Precious Metals, Inc. | 58,266 | 358,837 | |||
Dynacor Gold Mines, Inc. | 9,900 | 22,913 | |||
ECN Capital Corp. | 103,129 | 837,849 | |||
EcoSynthetix, Inc. (A) | 3,185 | 14,389 | |||
E-L Financial Corp., Ltd. | 474 | 340,383 | |||
Eldorado Gold Corp. (A) | 53,506 | 469,050 | |||
Element Fleet Management Corp. | 112,732 | 1,242,898 | |||
Endeavour Silver Corp. (A) | 21,684 | 101,919 | |||
Endeavour Silver Corp. (New York Stock Exchange) (A) | 1,400 | 6,594 | |||
Enerflex, Ltd. | 33,374 | 202,892 | |||
Enerplus Corp. | 91,948 | 543,679 | |||
Enghouse Systems, Ltd. | 14,691 | 710,650 | |||
Ensign Energy Services, Inc. (A) | 50,538 | 67,696 | |||
Equitable Group, Inc. | 3,456 | 419,629 | |||
ERO Copper Corp. (A) | 17,856 | 338,254 | |||
Evertz Technologies, Ltd. | 11,517 | 120,496 | |||
Exchange Income Corp. | 5,291 | 183,307 | |||
Exco Technologies, Ltd. | 9,490 | 76,498 | |||
Extendicare, Inc. (B) | 34,995 | 225,783 | |||
Fiera Capital Corp. | 26,167 | 216,321 | |||
Finning International, Inc. | 55,858 | 1,453,951 | |||
Firm Capital Mortgage Investment Corp. | 7,600 | 90,358 | |||
First Majestic Silver Corp. | 57,581 | 741,641 | |||
First Mining Gold Corp. (A) | 127,000 | 35,232 | |||
First National Financial Corp. | 4,398 | 161,467 | |||
Fission Uranium Corp. (A)(B) | 139,747 | 65,352 | |||
Fortuna Silver Mines, Inc. (A) | 102,243 | 448,957 | |||
Fraser Papers Holdings, Inc. (A)(C) | 4,800 | 0 | |||
Freehold Royalties, Ltd. | 42,409 | 317,988 | |||
Frontera Energy Corp. (A) | 11,835 | 65,195 | |||
Galiano Gold, Inc. (A)(B) | 31,531 | 28,491 | |||
Gamehost, Inc. (A) | 6,100 | 38,680 | |||
GDI Integrated Facility Services, Inc. (A) | 3,300 | 148,829 | |||
Gibson Energy, Inc. | 52,959 | 955,373 | |||
goeasy, Ltd. (B) | 3,130 | 485,706 |
11 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Canada (continued) | |||||
GoGold Resources, Inc. (A) | 46,900 | $115,238 | |||
Golden Star Resources, Ltd. (A) | 20,650 | 52,540 | |||
GoldMoney, Inc. (A)(B) | 18,000 | 39,662 | |||
Gran Tierra Energy, Inc. (A)(B) | 159,029 | 84,452 | |||
Great Canadian Gaming Corp. (A) | 20,138 | 703,110 | |||
Guardian Capital Group, Ltd., Class A | 6,700 | 176,415 | |||
Hanfeng Evergreen, Inc. (A)(C) | 3,700 | 7 | |||
Hardwoods Distribution, Inc. | 3,500 | 105,445 | |||
Headwater Exploration, Inc. (A) | 28,000 | 85,222 | |||
Heroux-Devtek, Inc. (A) | 10,492 | 157,590 | |||
HEXO Corp. (A)(B) | 10,300 | 25,308 | |||
High Liner Foods, Inc. | 6,893 | 72,391 | |||
HLS Therapeutics, Inc. | 2,600 | 38,331 | |||
Home Capital Group, Inc. (A) | 18,002 | 564,324 | |||
Hudbay Minerals, Inc. | 88,922 | 544,111 | |||
I-80 Gold Corp. (A)(B) | 36,858 | 79,755 | |||
iA Financial Corp., Inc. | 11,946 | 662,420 | |||
IAMGOLD Corp. (A) | 123,998 | 294,847 | |||
IBI Group, Inc. (A) | 7,200 | 63,231 | |||
Imperial Metals Corp. (A) | 22,308 | 69,666 | |||
Information Services Corp. | 4,400 | 102,707 | |||
Innergex Renewable Energy, Inc. | 42,327 | 674,669 | |||
Inter Pipeline, Ltd. | 46,112 | 730,979 | |||
Interfor Corp. | 32,829 | 697,094 | |||
International Petroleum Corp. (A) | 23,520 | 102,719 | |||
Intertape Polymer Group, Inc. | 24,129 | 588,284 | |||
Jamieson Wellness, Inc. (B)(D) | 13,163 | 367,352 | |||
KAB Distribution, Inc. (A)(C) | 18,405 | 0 | |||
Karora Resources, Inc. (A) | 15,978 | 41,286 | |||
K-Bro Linen, Inc. | 3,186 | 100,834 | |||
Kelt Exploration, Ltd. (A) | 60,355 | 160,258 | |||
Keyera Corp. | 37,997 | 914,952 | |||
Kinaxis, Inc. (A) | 7,491 | 1,215,280 | |||
Knight Therapeutics, Inc. (A) | 52,598 | 223,875 | |||
KP Tissue, Inc. | 5,100 | 41,676 | |||
Labrador Iron Ore Royalty Corp. | 24,400 | 851,529 | |||
Largo Resources, Ltd. (A) | 6,650 | 91,766 | |||
Lassonde Industries, Inc., Class A | 1,500 | 202,616 | |||
Laurentian Bank of Canada | 15,955 | 537,334 | |||
Leon’s Furniture, Ltd. | 12,254 | 242,817 | |||
LifeWorks, Inc. (B) | 23,870 | 661,999 | |||
Lightstream Resources, Ltd. (A)(C) | 75,972 | 0 | |||
Linamar Corp. | 14,696 | 832,616 | |||
Lucara Diamond Corp. (A)(B) | 124,430 | 69,037 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 12 |
Shares | Value | ||||
Canada (continued) | |||||
Lundin Gold, Inc. (A) | 14,300 | $130,119 | |||
MAG Silver Corp. (A) | 1,100 | 21,056 | |||
Magellan Aerospace Corp. | 8,083 | 67,527 | |||
Mainstreet Equity Corp. (A) | 2,022 | 178,857 | |||
Major Drilling Group International, Inc. (A) | 28,074 | 177,569 | |||
Maple Leaf Foods, Inc. | 25,411 | 554,283 | |||
Marathon Gold Corp. (A) | 15,600 | 37,836 | |||
Martinrea International, Inc. | 29,932 | 286,592 | |||
Maverix Metals, Inc. | 11,401 | 52,503 | |||
MDF Commerce, Inc. (A) | 2,300 | 13,709 | |||
Medical Facilities Corp. | 12,830 | 96,303 | |||
MEG Energy Corp. (A) | 113,678 | 724,425 | |||
Melcor Developments, Ltd. | 4,800 | 47,557 | |||
Methanex Corp. | 12,200 | 447,135 | |||
Mogo, Inc. (A) | 2,136 | 11,276 | |||
Morguard Corp. | 1,778 | 189,377 | |||
MTY Food Group, Inc. | 7,815 | 425,608 | |||
Mullen Group, Ltd. | 36,588 | 384,252 | |||
Neo Performance Materials, Inc. | 3,800 | 56,534 | |||
New Gold, Inc. (A) | 239,551 | 288,604 | |||
NFI Group, Inc. | 16,830 | 405,793 | |||
North American Construction Group, Ltd. | 10,337 | 147,888 | |||
NuVista Energy, Ltd. (A) | 69,005 | 197,993 | |||
Opsens, Inc. (A) | 15,955 | 33,386 | |||
Orbite Technologies, Inc. (A) | 105,500 | 127 | |||
Organigram Holdings, Inc. (A)(B) | 35,200 | 94,302 | |||
Osisko Gold Royalties, Ltd. | 41,588 | 507,963 | |||
Osisko Mining, Inc. (A) | 21,886 | 51,347 | |||
Pan American Silver Corp., CVR (A) | 51,329 | 39,523 | |||
Paramount Resources, Ltd., Class A | 25,426 | 272,670 | |||
Parex Resources, Inc. (A) | 41,004 | 631,806 | |||
Park Lawn Corp. | 11,027 | 317,617 | |||
Parkland Corp. | 36,946 | 1,103,124 | |||
Pason Systems, Inc. | 22,695 | 147,684 | |||
Peyto Exploration & Development Corp. | 68,868 | 365,724 | |||
PHX Energy Services Corp. | 11,019 | 39,389 | |||
Pizza Pizza Royalty Corp. (B) | 10,376 | 92,357 | |||
Points International, Ltd. (A) | 4,210 | 76,148 | |||
Points International, Ltd. (Nasdaq Exchange) (A) | 1,613 | 29,421 | |||
Polaris Infrastructure, Inc. | 5,243 | 77,462 | |||
Pollard Banknote, Ltd. | 3,690 | 134,889 | |||
PolyMet Mining Corp. (A) | 2,025 | 6,789 | |||
PrairieSky Royalty, Ltd. | 53,025 | 581,672 | |||
Precision Drilling Corp. (A) | 6,554 | 212,830 |
13 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Canada (continued) | |||||
Premium Brands Holdings Corp. | 12,007 | $1,281,165 | |||
Pretium Resources, Inc. (A) | 53,409 | 541,435 | |||
Pretium Resources, Inc. (New York Stock Exchange) (A) | 4,528 | 45,914 | |||
Quarterhill, Inc. | 40,708 | 87,117 | |||
Questerre Energy Corp., Class A (A) | 41,900 | 5,646 | |||
Real Matters, Inc. (A) | 24,912 | 229,049 | |||
Recipe Unlimited Corp. (A) | 5,964 | 99,317 | |||
RF Capital Group, Inc. (A) | 18,263 | 34,017 | |||
Richelieu Hardware, Ltd. | 18,554 | 669,129 | |||
Rogers Sugar, Inc. (B) | 36,711 | 159,746 | |||
Roots Corp. (A) | 3,881 | 10,151 | |||
Russel Metals, Inc. | 25,886 | 703,753 | |||
Sabina Gold & Silver Corp. (A) | 44,568 | 56,874 | |||
Sandstorm Gold, Ltd. (A) | 59,055 | 375,398 | |||
Sandstorm Gold, Ltd. (New York Stock Exchange) (A) | 2,700 | 17,145 | |||
Savaria Corp. (B) | 13,000 | 218,856 | |||
Seabridge Gold, Inc. (A) | 13,986 | 251,530 | |||
Secure Energy Services, Inc. | 78,304 | 262,534 | |||
ShawCor, Ltd. (A) | 31,578 | 124,395 | |||
Sienna Senior Living, Inc. (B) | 26,699 | 337,745 | |||
Sierra Metals, Inc. (A) | 8,600 | 19,222 | |||
Sierra Wireless, Inc. (A) | 13,360 | 218,457 | |||
Sleep Country Canada Holdings, Inc. (D) | 13,709 | 369,116 | |||
SNC-Lavalin Group, Inc. | 41,828 | 1,132,520 | |||
Spin Master Corp. (A)(D) | 7,508 | 287,311 | |||
Sprott, Inc. | 7,566 | 254,449 | |||
SSR Mining, Inc. | 56,212 | 939,206 | |||
Stantec, Inc. | 24,959 | 1,204,576 | |||
Stelco Holdings, Inc. | 6,395 | 249,636 | |||
Stella-Jones, Inc. | 19,006 | 649,878 | |||
Storm Resources, Ltd. (A) | 62,000 | 184,282 | |||
SunOpta, Inc. (A) | 29,045 | 273,264 | |||
SunOpta, Inc. (New York Stock Exchange) (A) | 2,100 | 19,803 | |||
Superior Plus Corp. | 61,457 | 722,880 | |||
Tamarack Valley Energy, Ltd. (A) | 106,874 | 204,997 | |||
Taseko Mines, Ltd. (A) | 84,702 | 150,384 | |||
TECSYS, Inc. | 312 | 13,300 | |||
TeraGo, Inc. (A)(B) | 2,000 | 7,609 | |||
TerraVest Industries, Inc. | 1,900 | 32,604 | |||
TFI International, Inc. | 7,436 | 840,171 | |||
The North West Company, Inc. | 20,130 | 571,359 | |||
Tidewater Midstream and Infrastructure, Ltd. | 97,265 | 100,222 | |||
Timbercreek Financial Corp. | 29,474 | 227,774 | |||
Torex Gold Resources, Inc. (A) | 29,891 | 334,057 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 14 |
Shares | Value | ||||
Canada (continued) | |||||
Total Energy Services, Inc. (A) | 19,706 | $63,726 | |||
Touchstone Exploration, Inc. (A)(B) | 10,000 | 11,017 | |||
Tourmaline Oil Corp. | 8,502 | 227,367 | |||
TransAlta Corp. | 107,856 | 1,056,632 | |||
TransAlta Renewables, Inc. | 41,639 | 648,191 | |||
Transcontinental, Inc., Class A | 20,373 | 394,332 | |||
TransGlobe Energy Corp. (A) | 5,800 | 10,390 | |||
Treasury Metals, Inc. (A) | 4,237 | 2,922 | |||
Trevali Mining Corp. (A) | 206,096 | 32,671 | |||
Trican Well Service, Ltd. (A) | 118,463 | 233,799 | |||
Tricon Residential, Inc. | 54,922 | 698,251 | |||
Trisura Group, Ltd. (A) | 9,555 | 344,060 | |||
Turquoise Hill Resources, Ltd. (A) | 27,588 | 413,716 | |||
Uni-Select, Inc. (A) | 13,501 | 188,446 | |||
Vecima Networks, Inc. | 1,797 | 22,576 | |||
Vermilion Energy, Inc. (A) | 60,324 | 402,590 | |||
VersaBank | 2,000 | 21,686 | |||
Victoria Gold Corp. (A) | 3,300 | 39,365 | |||
Village Farms International, Inc. (A) | 5,169 | 49,943 | |||
VIQ Solutions, Inc. (A) | 2,100 | 10,070 | |||
Wajax Corp. | 6,547 | 123,867 | |||
Wall Financial Corp. (A) | 1,600 | 22,054 | |||
Waterloo Brewing, Ltd. | 2,200 | 11,509 | |||
Wesdome Gold Mines, Ltd. (A) | 59,561 | 585,861 | |||
Western Forest Products, Inc. | 191,240 | 325,895 | |||
Westshore Terminals Investment Corp. | 15,644 | 278,620 | |||
Whitecap Resources, Inc. | 207,279 | 888,820 | |||
WildBrain, Ltd. (A) | 22,797 | 49,510 | |||
Winpak, Ltd. | 11,036 | 374,383 | |||
Yamana Gold, Inc. | 259,199 | 1,144,326 | |||
Yellow Pages, Ltd. | 4,514 | 51,342 | |||
Zenith Capital Corp. (A) | 5,300 | 1,378 | |||
Chile 0.0% | 10,145 | ||||
Marimaca Copper Corp. (A) | 3,200 | 10,145 | |||
China 0.0% | 208,823 | ||||
Bund Center Investment, Ltd. | 55,500 | 21,855 | |||
FIH Mobile, Ltd. (A) | 418,000 | 62,305 | |||
Fosun Tourism Group (A)(D) | 7,000 | 11,251 | |||
Goodbaby International Holdings, Ltd. (A)(B) | 335,000 | 55,466 | |||
TK Group Holdings, Ltd. | 74,000 | 32,467 | |||
Xingye Alloy Materials Group, Ltd. (A) | 176,000 | 25,479 |
15 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Denmark 2.2% | $19,705,685 | ||||
ALK-Abello A/S (A) | 2,186 | 1,068,522 | |||
Alm. Brand A/S (B) | 28,718 | 226,261 | |||
Asetek A/S (A) | 3,556 | 31,009 | |||
Bang & Olufsen A/S (A) | 41,442 | 218,543 | |||
Bavarian Nordic A/S (A)(B) | 20,269 | 993,914 | |||
Better Collective A/S (A) | 4,461 | 95,277 | |||
Brodrene Hartmann A/S (A) | 865 | 58,462 | |||
CBrain A/S | 682 | 46,974 | |||
Chemometec A/S | 4,630 | 735,551 | |||
Columbus A/S | 26,124 | 43,143 | |||
D/S Norden A/S | 8,783 | 227,886 | |||
Dfds A/S (A) | 12,308 | 704,133 | |||
FLSmidth & Company A/S | 14,427 | 523,005 | |||
Fluegger Group A/S | 225 | 25,444 | |||
H Lundbeck A/S | 7,441 | 220,017 | |||
H+H International A/S, Class B (A) | 6,801 | 254,187 | |||
Harboes Bryggeri A/S, Class B (A) | 1,452 | 24,340 | |||
INVISIO AB | 1,949 | 40,686 | |||
ISS A/S (A) | 25,531 | 587,529 | |||
Jeudan A/S | 3,010 | 126,773 | |||
Jyske Bank A/S (A) | 19,215 | 838,813 | |||
Matas A/S | 13,454 | 278,667 | |||
MT Hoejgaard Holding A/S (A) | 339 | 12,070 | |||
Netcompany Group A/S (D) | 10,341 | 1,336,762 | |||
Nilfisk Holding A/S (A) | 7,449 | 276,581 | |||
NKT A/S (A) | 11,958 | 538,592 | |||
NNIT A/S (D) | 4,314 | 96,980 | |||
North Media AS | 2,487 | 51,452 | |||
NTG Nordic Transport Group A/S (A) | 3,614 | 304,767 | |||
Parken Sport & Entertainment A/S (A) | 1,870 | 24,929 | |||
Per Aarsleff Holding A/S | 6,442 | 303,852 | |||
Ringkjoebing Landbobank A/S | 9,771 | 1,160,065 | |||
Rockwool International A/S, A Shares | 386 | 180,058 | |||
Rockwool International A/S, B Shares | 479 | 253,408 | |||
Royal Unibrew A/S | 16,664 | 2,152,778 | |||
RTX A/S | 2,997 | 92,325 | |||
Scandinavian Tobacco Group A/S (D) | 22,645 | 459,892 | |||
Schouw & Company A/S | 4,381 | 475,181 | |||
SimCorp A/S | 13,331 | 1,818,306 | |||
Solar A/S, B Shares | 2,213 | 242,829 | |||
SP Group A/S | 1,224 | 71,573 | |||
Spar Nord Bank A/S | 31,557 | 363,610 | |||
Sydbank AS | 22,266 | 651,688 | |||
TCM Group A/S | 1,441 | 36,959 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 16 |
Shares | Value | ||||
Denmark (continued) | |||||
The Drilling Company of 1972 A/S (A) | 2,434 | $89,345 | |||
Tivoli A/S (A) | 691 | 92,667 | |||
Topdanmark AS | 14,901 | 784,428 | |||
United International Enterprises, Ltd. | 598 | 161,388 | |||
Zealand Pharma A/S (A) | 9,861 | 304,064 | |||
Faeroe Islands 0.0% | 36,350 | ||||
BankNordik P/F | 1,415 | 36,350 | |||
Finland 2.5% | 22,572,932 | ||||
Aktia Bank OYJ | 19,949 | 285,852 | |||
Alma Media OYJ | 11,325 | 163,210 | |||
Altia OYJ | 5,312 | 67,341 | |||
Apetit OYJ | 1,524 | 25,173 | |||
Aspo OYJ | 5,505 | 72,611 | |||
Atria OYJ | 5,227 | 70,752 | |||
BasWare OYJ (A) | 2,688 | 122,638 | |||
Bittium OYJ | 10,462 | 74,528 | |||
Cargotec OYJ, B Shares | 14,456 | 802,845 | |||
Caverion OYJ | 33,497 | 311,182 | |||
Citycon OYJ | 21,062 | 187,573 | |||
Digia OYJ | 7,562 | 65,877 | |||
Enento Group OYJ (A)(D) | 5,041 | 247,916 | |||
Finnair OYJ (A) | 239,993 | 187,491 | |||
Fiskars OYJ ABP | 10,333 | 266,110 | |||
F-Secure OYJ | 33,411 | 189,192 | |||
Harvia OYJ | 3,999 | 268,029 | |||
HKScan OYJ, A Shares | 11,127 | 27,407 | |||
Huhtamaki OYJ | 34,321 | 1,833,579 | |||
Ilkka-Yhtyma OYJ | 9,901 | 56,607 | |||
Kamux Corp. | 8,572 | 138,208 | |||
Kemira OYJ | 33,664 | 568,484 | |||
Kojamo OYJ | 31,090 | 757,040 | |||
Konecranes OYJ | 21,741 | 984,956 | |||
Lassila & Tikanoja OYJ | 9,775 | 171,718 | |||
Lehto Group OYJ (A) | 2,434 | 4,227 | |||
Marimekko OYJ | 369 | 33,146 | |||
Metsa Board OYJ, A Shares | 1,067 | 12,004 | |||
Metsa Board OYJ, B Shares | 63,194 | 661,182 | |||
Multitude SE (A) | 2,783 | 15,941 | |||
Musti Group OYJ (A) | 8,158 | 330,766 | |||
Neles OYJ | 40,518 | 626,801 | |||
Nokian Renkaat OYJ | 47,202 | 1,798,989 | |||
Olvi OYJ, A Shares | 4,942 | 303,826 | |||
Optomed Oy (A) | 1,483 | 22,503 |
17 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Finland (continued) | |||||
Oriola OYJ, A Shares | 8,342 | $19,719 | |||
Oriola OYJ, B Shares | 42,174 | 96,008 | |||
Orion OYJ, Class A | 8,076 | 330,053 | |||
Orion OYJ, Class B | 34,310 | 1,399,508 | |||
Outokumpu OYJ (A) | 111,348 | 773,141 | |||
Pihlajalinna OYJ | 643 | 9,800 | |||
Ponsse OYJ | 4,062 | 210,769 | |||
QT Group OYJ (A) | 4,495 | 827,124 | |||
Raisio OYJ, V Shares | 46,629 | 205,093 | |||
Rapala VMC OYJ (A) | 5,592 | 67,205 | |||
Raute OYJ, A Shares | 728 | 19,853 | |||
Revenio Group OYJ | 6,747 | 517,473 | |||
Sanoma OYJ | 27,196 | 499,494 | |||
Taaleri OYJ | 1,271 | 16,790 | |||
Talenom OYJ | 1,169 | 23,564 | |||
Teleste OYJ | 3,860 | 25,852 | |||
Terveystalo OYJ (D) | 13,715 | 201,607 | |||
TietoEVRY OYJ | 27,429 | 976,863 | |||
Tokmanni Group Corp. | 16,285 | 469,817 | |||
Uponor OYJ | 23,098 | 744,902 | |||
Vaisala OYJ, A Shares | 6,527 | 313,584 | |||
Valmet OYJ | 48,158 | 1,932,590 | |||
Verkkokauppa.com OYJ | 6,156 | 62,140 | |||
Wartsila OYJ ABP | 51,242 | 726,927 | |||
YIT OYJ | 57,337 | 347,352 | |||
France 4.3% | 38,310,641 | ||||
ABC arbitrage | 4,528 | 38,751 | |||
AKWEL | 4,639 | 127,146 | |||
Albioma SA | 10,388 | 459,940 | |||
ALD SA (D) | 11,692 | 164,669 | |||
Altamir | 5,040 | 136,170 | |||
Alten SA | 8,505 | 1,402,933 | |||
Assystem SA | 2,731 | 101,099 | |||
Atari SA (A) | 20,392 | 10,650 | |||
Aubay | 2,888 | 168,436 | |||
Axway Software SA | 2,311 | 78,387 | |||
Bastide le Confort Medical | 1,540 | 89,850 | |||
Beneteau SA (A) | 17,098 | 264,290 | |||
Bigben Interactive | 4,952 | 87,710 | |||
Boiron SA | 1,866 | 92,583 | |||
Bonduelle SCA | 7,261 | 196,555 | |||
Bourbon Corp. (A)(C) | 1,464 | 0 | |||
Burelle SA | 85 | 76,149 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 18 |
Shares | Value | ||||
France (continued) | |||||
Caisse Regionale de Credit Agricole Mutuel du Languedoc SCCV | 121 | $8,767 | |||
Casino Guichard Perrachon SA (A) | 5,970 | 173,428 | |||
Catana Group (A) | 5,106 | 35,749 | |||
Catering International Services (A)(B) | 1,089 | 14,852 | |||
CBo Territoria | 4,946 | 20,611 | |||
Cegedim SA (A) | 1,780 | 58,494 | |||
CGG SA (A) | 244,859 | 189,473 | |||
Chargeurs SA | 6,565 | 182,415 | |||
Cie des Alpes (A) | 8,668 | 139,002 | |||
Cie Plastic Omnium SA | 20,563 | 620,418 | |||
Coface SA | 42,152 | 518,647 | |||
DBV Technologies SA (A)(B) | 1,292 | 15,497 | |||
Delta Plus Group | 323 | 37,456 | |||
Derichebourg SA (A) | 40,374 | 477,881 | |||
Devoteam SA (A) | 70 | 10,577 | |||
Ekinops SAS (A) | 3,234 | 29,386 | |||
Electricite de Strasbourg SA | 351 | 48,348 | |||
Elior Group SA (A)(D) | 41,388 | 289,589 | |||
Elis SA (A) | 61,401 | 1,088,106 | |||
Eramet SA (A) | 2,437 | 198,216 | |||
ESI Group (A) | 556 | 40,349 | |||
Etablissements Maurel et Prom SA (A) | 21,880 | 54,696 | |||
Eurazeo SE | 11,478 | 1,180,765 | |||
Eutelsat Communications SA | 72,423 | 837,675 | |||
Exel Industries SA, A Shares (A) | 466 | 45,106 | |||
Faurecia SE | 35,046 | 1,693,094 | |||
Fnac Darty SA | 7,145 | 486,759 | |||
Gaumont SA (A) | 489 | 58,401 | |||
Gaztransport Et Technigaz SA | 6,852 | 571,569 | |||
GEA (B) | 126 | 16,209 | |||
GL Events (A)(B) | 4,616 | 83,364 | |||
Groupe Crit | 1,108 | 87,739 | |||
Guerbet | 2,565 | 104,556 | |||
Guillemot Corp. | 834 | 12,211 | |||
Haulotte Group SA (A) | 3,951 | 28,170 | |||
HEXAOM | 1,083 | 64,465 | |||
ID Logistics Group (A) | 856 | 322,743 | |||
Iliad SA | 691 | 148,592 | |||
Imerys SA | 12,891 | 597,751 | |||
Infotel SA | 996 | 63,439 | |||
Ipsen SA | 862 | 86,222 | |||
IPSOS | 16,827 | 815,592 | |||
Jacquet Metals SA | 5,053 | 119,979 | |||
JCDecaux SA (A) | 23,094 | 644,282 |
19 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
France (continued) | |||||
Kaufman & Broad SA | 6,402 | $298,162 | |||
Korian SA | 23,528 | 913,572 | |||
Lagardere SA (A)(B) | 21,366 | 591,104 | |||
Laurent-Perrier | 1,118 | 125,683 | |||
Lectra | 10,611 | 444,391 | |||
Linedata Services | 1,472 | 74,768 | |||
LISI | 8,173 | 270,236 | |||
LNA Sante SA | 2,041 | 135,518 | |||
Lumibird (A) | 2,328 | 45,353 | |||
Maisons du Monde SA (D) | 16,288 | 376,147 | |||
Manitou BF SA | 5,055 | 182,075 | |||
Manutan International | 906 | 81,856 | |||
Mersen SA | 6,826 | 266,299 | |||
Metropole Television SA | 10,149 | 216,118 | |||
Neoen SA (A)(B)(D) | 3,781 | 161,798 | |||
Nexans SA | 12,390 | 1,241,947 | |||
Nexity SA | 16,819 | 868,556 | |||
Nicox (A) | 6,072 | 25,267 | |||
NRJ Group | 6,595 | 48,608 | |||
Oeneo SA (A) | 4,715 | 73,932 | |||
OL Groupe SA (A) | 3,929 | 10,460 | |||
Onxeo SA (A) | 2,056 | 1,426 | |||
Orpea SA | 3,074 | 387,505 | |||
Pharmagest Interactive | 274 | 31,246 | |||
Plastivaloire | 1,440 | 10,846 | |||
Quadient SA | 14,118 | 400,924 | |||
Recylex SA (A)(C) | 4,454 | 9,719 | |||
Rexel SA (A) | 106,897 | 2,237,787 | |||
Robertet SA (B) | 199 | 245,246 | |||
Rothschild & Company | 15,152 | 599,051 | |||
Rubis SCA | 27,650 | 1,072,603 | |||
Samse SA | 285 | 63,054 | |||
Savencia SA | 1,977 | 173,351 | |||
SCOR SE | 48,400 | 1,485,383 | |||
Seche Environnement SA | 2,029 | 121,585 | |||
Societe BIC SA | 9,132 | 607,973 | |||
Societe LDC SA | 178 | 22,286 | |||
Societe pour l’Informatique Industrielle | 2,435 | 112,952 | |||
SOITEC (A) | 7,486 | 1,792,949 | |||
Solocal Group (A)(B) | 47,008 | 94,627 | |||
Somfy SA | 2,747 | 534,806 | |||
Sopra Steria Group SACA | 5,649 | 1,150,711 | |||
SPIE SA | 46,481 | 1,103,277 | |||
Stef SA | 1,253 | 140,506 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 20 |
Shares | Value | ||||
France (continued) | |||||
Synergie SE | 3,330 | $143,662 | |||
Technip Energies NV (A) | 10,529 | 137,842 | |||
Television Francaise 1 | 19,246 | 193,194 | |||
Thermador Groupe | 2,187 | 243,101 | |||
Tikehau Capital SCA | 5,684 | 169,417 | |||
Trigano SA | 3,138 | 653,861 | |||
Union Financiere de France BQE SA | 1,451 | 29,563 | |||
Valeo | 5,249 | 149,820 | |||
Vallourec SA (A) | 11,477 | 106,360 | |||
Verallia SA (D) | 7,960 | 290,145 | |||
Vetoquinol SA | 1,228 | 195,609 | |||
Vicat SA | 9,439 | 470,363 | |||
VIEL & Cie SA | 6,888 | 45,309 | |||
Vilmorin & Cie SA | 2,792 | 180,705 | |||
Virbac SA | 1,246 | 527,309 | |||
Vranken-Pommery Monopole SA (A) | 923 | 18,692 | |||
Wavestone | 1,593 | 88,068 | |||
Gabon 0.0% | 38,664 | ||||
Total Gabon | 243 | 38,664 | |||
Georgia 0.1% | 492,663 | ||||
Bank of Georgia Group PLC (A) | 16,076 | 369,158 | |||
Georgia Capital PLC (A) | 10,443 | 89,435 | |||
TBC Bank Group PLC | 1,748 | 34,070 | |||
Germany 6.4% | 57,181,129 | ||||
1&1 AG | 16,862 | 532,634 | |||
7C Solarparken AG | 10,995 | 49,712 | |||
Aareal Bank AG | 24,051 | 635,649 | |||
Adesso SE | 544 | 118,028 | |||
ADVA Optical Networking SE (A) | 18,599 | 308,263 | |||
AIXTRON SE | 31,919 | 921,167 | |||
All for One Group SE | 784 | 66,929 | |||
Allgeier SE | 2,876 | 88,628 | |||
Amadeus Fire AG | 931 | 191,341 | |||
Atoss Software AG | 1,254 | 269,408 | |||
Aurubis AG | 11,537 | 980,518 | |||
Basler AG | 1,233 | 214,353 | |||
Bauer AG (A)(B) | 7,205 | 101,373 | |||
BayWa AG (B) | 6,365 | 276,665 | |||
Bechtle AG | 2,643 | 191,101 | |||
Bertrandt AG | 2,555 | 145,491 | |||
bet-at-home.com AG | 1,430 | 47,894 | |||
Bijou Brigitte AG (A) | 1,764 | 48,779 |
21 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Germany (continued) | |||||
Bilfinger SE (B) | 12,863 | $451,260 | |||
Borussia Dortmund GmbH & Company KGaA (A)(B) | 24,608 | 183,183 | |||
CANCOM SE | 12,396 | 816,258 | |||
CECONOMY AG (A) | 59,337 | 278,094 | |||
CENIT AG | 2,412 | 43,136 | |||
Cewe Stiftung & Company KGAA | 2,238 | 334,120 | |||
Commerzbank AG (A) | 75,251 | 470,951 | |||
CompuGroup Medical SE & Company KgaA | 8,822 | 823,276 | |||
CropEnergies AG | 9,512 | 114,963 | |||
CTS Eventim AG & Company KGaA (A) | 6,525 | 420,992 | |||
Data Modul AG | 635 | 43,845 | |||
Delticom AG (A) | 1,144 | 11,522 | |||
Dermapharm Holding SE | 4,482 | 416,140 | |||
Deutsche Beteiligungs AG | 6,293 | 275,110 | |||
Deutsche EuroShop AG | 18,166 | 419,962 | |||
Deutsche Lufthansa AG (A)(B) | 72,794 | 729,266 | |||
Deutsche Pfandbriefbank AG (D) | 59,817 | 685,177 | |||
Deutz AG (A) | 46,086 | 420,882 | |||
DIC Asset AG | 20,861 | 382,876 | |||
DMG Mori AG | 1,448 | 72,123 | |||
Dr. Hoenle AG (B) | 1,598 | 90,614 | |||
Draegerwerk AG & Company KGaA | 1,433 | 121,708 | |||
Duerr AG | 19,517 | 961,464 | |||
Eckert & Ziegler Strahlen- und Medizintechnik AG | 5,329 | 777,235 | |||
Elmos Semiconductor SE | 3,427 | 153,885 | |||
ElringKlinger AG (A) | 9,007 | 146,650 | |||
Encavis AG (B) | 11,226 | 204,314 | |||
Energiekontor AG | 1,801 | 122,258 | |||
EuroEyes International Eye Clinic, Ltd. | 14,000 | 21,562 | |||
Evotec SE (A) | 11,121 | 553,183 | |||
Fielmann AG | 7,017 | 539,015 | |||
First Sensor AG | 2,622 | 133,385 | |||
FlatexDEGIRO AG (A) | 2,852 | 296,331 | |||
FORTEC Elektronik AG | 601 | 13,343 | |||
Francotyp-Postalia Holding AG (A) | 2,607 | 9,556 | |||
Fraport AG Frankfurt Airport Services Worldwide (A) | 9,243 | 597,728 | |||
Freenet AG | 42,601 | 1,052,245 | |||
Fuchs Petrolub SE | 9,623 | 379,413 | |||
GEA Group AG | 47,553 | 2,194,942 | |||
Gerresheimer AG | 11,548 | 1,226,712 | |||
Gesco AG (A) | 3,651 | 111,144 | |||
GFT Technologies SE | 7,351 | 254,471 | |||
GRENKE AG (B) | 1,808 | 80,473 | |||
H&R GmbH & Company KGaA (A) | 8,359 | 99,595 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 22 |
Shares | Value | ||||
Germany (continued) | |||||
Hamburger Hafen und Logistik AG | 9,289 | $204,775 | |||
Hawesko Holding AG | 828 | 60,327 | |||
Heidelberger Druckmaschinen AG (A)(B) | 90,943 | 252,503 | |||
Hella GmbH & Company KGaA (A)(B) | 8,317 | 594,408 | |||
HOCHTIEF AG | 2,297 | 183,718 | |||
HolidayCheck Group AG (A) | 18,784 | 47,063 | |||
Home24 SE (A) | 448 | 8,905 | |||
Hornbach Baumarkt AG (B) | 3,268 | 130,752 | |||
Hornbach Holding AG & Company KGaA | 4,326 | 462,768 | |||
HUGO BOSS AG | 20,879 | 1,165,777 | |||
Hypoport SE (A) | 928 | 641,337 | |||
Indus Holding AG | 8,586 | 346,414 | |||
Instone Real Estate Group AG (D) | 13,507 | 428,986 | |||
IVU Traffic Technologies AG | 5,026 | 120,251 | |||
Jenoptik AG | 21,055 | 760,917 | |||
JOST Werke AG (D) | 5,812 | 379,252 | |||
K+S AG (A) | 73,213 | 1,043,637 | |||
Kloeckner & Company SE (A) | 27,626 | 373,005 | |||
Koenig & Bauer AG (A)(B) | 4,359 | 150,086 | |||
Krones AG | 5,243 | 531,505 | |||
KSB SE & Company KGaA | 73 | 36,524 | |||
KWS Saat SE & Company KGaA | 4,300 | 360,101 | |||
LANXESS AG | 30,412 | 2,216,808 | |||
Leifheit AG (B) | 4,376 | 205,853 | |||
Leoni AG (A)(B) | 12,042 | 236,526 | |||
LPKF Laser & Electronics AG (B) | 6,979 | 176,760 | |||
Manz AG (A)(B) | 1,315 | 86,434 | |||
Mediclin AG (A) | 8,179 | 37,433 | |||
Medigene AG (A) | 6,493 | 29,587 | |||
Medios AG (A) | 1,614 | 78,138 | |||
METRO AG | 33,723 | 449,175 | |||
MLP SE | 26,029 | 236,900 | |||
Nagarro SE (A) | 2,876 | 516,210 | |||
New Work SE | 1,026 | 297,516 | |||
Nexus AG | 6,223 | 514,797 | |||
Nordex SE (A)(B) | 41,056 | 768,423 | |||
Norma Group SE | 14,352 | 724,052 | |||
OHB SE (B) | 2,007 | 92,522 | |||
PATRIZIA AG | 17,444 | 427,564 | |||
Pfeiffer Vacuum Technology AG | 2,092 | 438,410 | |||
PNE AG | 16,489 | 143,074 | |||
Progress-Werk Oberkirch AG (A) | 386 | 13,921 | |||
ProSiebenSat.1 Media SE | 73,805 | 1,409,062 | |||
PSI Software AG | 4,102 | 198,591 |
23 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Germany (continued) | |||||
PVA TePla AG (A) | 4,369 | $168,498 | |||
q.beyond AG (A) | 47,970 | 99,112 | |||
R Stahl AG (A) | 823 | 21,973 | |||
Rheinmetall AG | 15,969 | 1,561,640 | |||
SAF-Holland SE (A) | 22,781 | 324,718 | |||
Salzgitter AG (A) | 16,979 | 640,028 | |||
Schaltbau Holding AG (A) | 1,534 | 99,710 | |||
Scout24 AG (D) | 4,294 | 361,010 | |||
Secunet Security Networks AG | 439 | 244,247 | |||
SGL Carbon SE (A) | 17,099 | 189,842 | |||
Siltronic AG (B) | 7,643 | 1,262,905 | |||
Sirius Real Estate, Ltd. | 169,818 | 291,785 | |||
Sixt SE (A)(B) | 5,080 | 682,775 | |||
SMA Solar Technology AG (B) | 4,602 | 220,405 | |||
Softing AG | 2,069 | 17,545 | |||
Software AG | 18,535 | 939,255 | |||
STRATEC SE | 2,046 | 338,661 | |||
Stroeer SE & Company KGaA | 10,058 | 828,327 | |||
Suedzucker AG | 23,499 | 401,001 | |||
SUESS MicroTec SE (A) | 7,325 | 214,088 | |||
Surteco Group SE | 2,163 | 90,876 | |||
Syzygy AG | 471 | 3,954 | |||
TAG Immobilien AG | 53,515 | 1,812,315 | |||
Takkt AG | 15,103 | 251,603 | |||
Technotrans SE | 2,893 | 107,332 | |||
thyssenkrupp AG (A) | 91,341 | 1,017,788 | |||
Traffic Systems SE | 2,239 | 119,167 | |||
TUI AG (A)(B) | 11,505 | 50,047 | |||
United Internet AG | 1,582 | 68,378 | |||
va-Q-Tec AG (A) | 730 | 22,543 | |||
Varta AG (B) | 3,591 | 572,908 | |||
VERBIO Vereinigte BioEnergie AG | 12,056 | 731,638 | |||
Vivoryon Therapeutics NV (A) | 1,006 | 25,172 | |||
Vossloh AG | 3,933 | 223,260 | |||
Wacker Chemie AG | 3,818 | 673,687 | |||
Wacker Neuson SE | 13,148 | 398,268 | |||
Washtec AG | 4,114 | 289,169 | |||
Westwing Group AG (A) | 3,087 | 149,238 | |||
Wuestenrot & Wuerttembergische AG | 10,450 | 229,929 | |||
Zeal Network SE (B) | 3,627 | 182,853 | |||
zooplus AG (A) | 2,022 | 950,417 | |||
Gibraltar 0.1% | 625,283 | ||||
888 Holdings PLC | 111,653 | 625,283 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 24 |
Shares | Value | ||||
Greece 0.0% | $14,279 | ||||
Alapis Holding Industrial & Commercial SA of Pharmaceutical Chemical Products (A)(C) | 1,810 | 39 | |||
Okeanis Eco Tankers Corp. (D) | 1,578 | 14,240 | |||
TT Hellenic Postbank SA (A)(C) | 20,725 | 0 | |||
Greenland 0.0% | 30,822 | ||||
GronlandsBANKEN A/S | 313 | 30,822 | |||
Guernsey, Channel Islands 0.0% | 70,254 | ||||
Raven Property Group, Ltd. (A) | 165,177 | 70,254 | |||
Hong Kong 2.3% | 20,782,042 | ||||
3D-Gold Jewellery Holdings, Ltd. (A)(C) | 310,000 | 0 | |||
Aceso Life Science Group, Ltd. (A) | 451,733 | 11,994 | |||
Aeon Credit Service Asia Company, Ltd. | 60,000 | 38,109 | |||
Aidigong Maternal & Child Health, Ltd. (A) | 588,000 | 67,949 | |||
Allied Group, Ltd. | 360,000 | 140,393 | |||
Analogue Holdings, Ltd. | 44,000 | 10,470 | |||
APAC Resources, Ltd. | 182,171 | 31,556 | |||
Apollo Future Mobility Group, Ltd. (A)(B) | 840,000 | 52,353 | |||
Asia Financial Holdings, Ltd. | 94,000 | 41,968 | |||
Asia Standard International Group, Ltd. | 236,000 | 31,286 | |||
Asiasec Properties, Ltd. | 103,000 | 21,298 | |||
ASM Pacific Technology, Ltd. | 65,100 | 773,846 | |||
Associated International Hotels, Ltd. | 26,000 | 45,462 | |||
Blue River Holdings, Ltd. (A)(C) | 267,360 | 8,457 | |||
BOCOM International Holdings Company, Ltd. | 346,000 | 80,121 | |||
BOE Varitronix, Ltd. (B) | 268,000 | 280,384 | |||
Brightoil Petroleum Holdings, Ltd. (A)(C) | 563,000 | 62,435 | |||
Build King Holdings, Ltd. | 150,000 | 19,295 | |||
Burwill Holdings, Ltd. (A)(C) | 1,216,000 | 5,003 | |||
Cafe de Coral Holdings, Ltd. | 138,000 | 251,213 | |||
Cathay Pacific Airways, Ltd. (A) | 277,000 | 232,215 | |||
Century City International Holdings, Ltd. (A) | 452,000 | 25,863 | |||
CGN Mining Company, Ltd. | 535,000 | 49,597 | |||
Chen Hsong Holdings | 40,000 | 13,578 | |||
Chevalier International Holdings, Ltd. | 45,524 | 58,485 | |||
China Baoli Technologies Holdings, Ltd. (A) | 517,500 | 2,014 | |||
China Best Group Holding, Ltd. (A) | 210,000 | 9,131 | |||
China Display Optoelectronics Technology Holdings, Ltd. (A) | 344,000 | 26,530 | |||
China Energy Development Holdings, Ltd. (A) | 2,938,000 | 40,743 | |||
China Motor Bus Company, Ltd. | 6,400 | 88,199 | |||
China Solar Energy Holdings, Ltd. (A)(C) | 127,000 | 0 | |||
China Star Entertainment, Ltd. (A) | 488,000 | 64,589 | |||
China Strategic Holdings, Ltd. (A) | 4,597,500 | 38,977 | |||
Chinese Estates Holdings, Ltd. | 183,500 | 66,651 |
25 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Hong Kong (continued) | |||||
Chinney Investments, Ltd. | 36,000 | $8,095 | |||
Chong Hing Bank, Ltd. (B) | 80,000 | 213,061 | |||
Chow Sang Sang Holdings International, Ltd. | 135,000 | 205,363 | |||
Chuang’s China Investments, Ltd. | 210,000 | 12,713 | |||
Chuang’s Consortium International, Ltd. | 340,021 | 39,236 | |||
CITIC Telecom International Holdings, Ltd. | 608,000 | 211,128 | |||
CMBC Capital Holdings, Ltd. | 630,000 | 8,668 | |||
C-Mer Eye Care Holdings, Ltd. | 114,000 | 114,625 | |||
Convenience Retail Asia, Ltd. (B) | 130,000 | 12,905 | |||
Convoy Global Holdings, Ltd. (A)(C) | 630,000 | 9,153 | |||
Cowell e Holdings, Inc. (A) | 35,000 | 27,620 | |||
CSI Properties, Ltd. | 1,976,333 | 62,856 | |||
Dah Sing Banking Group, Ltd. | 150,448 | 144,681 | |||
Dah Sing Financial Holdings, Ltd. | 62,744 | 195,200 | |||
Dickson Concepts International, Ltd. | 63,500 | 35,939 | |||
Digital Domain Holdings, Ltd. (A) | 1,000,000 | 7,838 | |||
DMX Technologies Group, Ltd. (A)(C) | 34,000 | 0 | |||
Dynamic Holdings, Ltd. | 44,000 | 71,640 | |||
Eagle Nice International Holdings, Ltd. | 46,000 | 28,750 | |||
EC Healthcare | 71,000 | 98,452 | |||
EcoGreen International Group, Ltd. | 76,000 | 17,489 | |||
EganaGoldpfeil Holdings, Ltd. (A)(C) | 131,750 | 0 | |||
Emperor Capital Group, Ltd. (A) | 1,143,000 | 17,970 | |||
Emperor Entertainment Hotel, Ltd. | 185,000 | 22,617 | |||
Emperor International Holdings, Ltd. | 508,250 | 71,601 | |||
Emperor Watch & Jewellery, Ltd. (A) | 1,270,000 | 33,581 | |||
Energy International Investments Holdings, Ltd. (A)(C) | 700,000 | 5,751 | |||
ENM Holdings, Ltd. (A) | 368,000 | 28,838 | |||
Esprit Holdings, Ltd. (A) | 1,072,875 | 110,237 | |||
Fairwood Holdings, Ltd. | 30,500 | 68,063 | |||
Far East Consortium International, Ltd. | 585,918 | 212,401 | |||
First Pacific Company, Ltd. | 830,000 | 309,439 | |||
Fountain SET Holdings, Ltd. | 188,000 | 32,671 | |||
Freeman FinTech Corp., Ltd. (A)(C) | 260,000 | 602 | |||
FSE Lifestyle Services, Ltd. | 13,000 | 9,468 | |||
GBA Holdings, Ltd. (A) | 16,480,000 | 21,189 | |||
GDH Guangnan Holdings, Ltd. | 108,000 | 9,588 | |||
Genting Hong Kong, Ltd. (A) | 550,000 | 41,765 | |||
Giordano International, Ltd. | 481,708 | 102,660 | |||
Glorious Sun Enterprises, Ltd. | 146,000 | 15,378 | |||
Gold Peak Industries Holdings, Ltd. (A) | 90,000 | 7,742 | |||
Golden Resources Development International, Ltd. | 298,000 | 22,947 | |||
Gold-Finance Holdings, Ltd. (A)(C) | 214,000 | 0 | |||
Good Resources Holdings, Ltd. (A)(C) | 270,000 | 2,951 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 26 |
Shares | Value | ||||
Hong Kong (continued) | |||||
Great Eagle Holdings, Ltd. | 76,481 | $239,670 | |||
G-Resources Group, Ltd. (A) | 178,080 | 74,589 | |||
Guotai Junan International Holdings, Ltd. | 1,062,600 | 186,781 | |||
Haitong International Securities Group, Ltd. | 880,288 | 254,274 | |||
Hang Lung Group, Ltd. | 245,000 | 611,026 | |||
Hanison Construction Holdings, Ltd. | 143,631 | 24,896 | |||
Harbour Centre Development, Ltd. | 37,500 | 38,655 | |||
HKBN, Ltd. | 211,000 | 245,030 | |||
HKR International, Ltd. | 361,840 | 143,184 | |||
Hon Kwok Land Investment Company, Ltd. | 64,000 | 27,533 | |||
Hong Kong Ferry Holdings Company, Ltd. | 46,000 | 33,806 | |||
Hong Kong Technology Venture Company, Ltd. (A) | 105,000 | 141,129 | |||
Hong Kong Technology Venture Company, Ltd., ADR (A) | 1,717 | 46,185 | |||
Hongkong Chinese, Ltd. | 224,000 | 17,568 | |||
Hsin Chong Group Holdings, Ltd. (A)(C) | 736,000 | 33,121 | |||
Huobi Technology Holdings, Ltd. (A) | 8,500 | 13,267 | |||
Hutchison Port Holdings Trust | 1,279,000 | 261,167 | |||
Hutchison Telecommunications Hong Kong Holdings, Ltd. | 516,000 | 81,504 | |||
Hypebeast, Ltd. (A) | 50,000 | 6,425 | |||
Hysan Development Company, Ltd. | 195,000 | 695,809 | |||
i-Cable Communications, Ltd. (A) | 680,000 | 6,297 | |||
Imagi International Holdings, Ltd. (A) | 117,281 | 18,820 | |||
International Housewares Retail Company, Ltd. | 124,000 | 45,079 | |||
IPE Group, Ltd. (A) | 220,000 | 21,170 | |||
IRC, Ltd. (A) | 1,194,000 | 45,002 | |||
ITC Properties Group, Ltd. (A) | 136,252 | 16,318 | |||
Jacobson Pharma Corp., Ltd. | 176,000 | 13,992 | |||
JBM Healthcare, Ltd. (A) | 22,000 | 2,913 | |||
Johnson Electric Holdings, Ltd. | 120,500 | 275,964 | |||
K Wah International Holdings, Ltd. | 295,000 | 129,356 | |||
Kader Holdings Company, Ltd. (A) | 248,000 | 14,355 | |||
Karrie International Holdings, Ltd. | 180,000 | 37,035 | |||
Keck Seng Investments Hong Kong, Ltd. (A) | 19,000 | 9,246 | |||
Kerry Logistics Network, Ltd. | 237,500 | 754,713 | |||
Kerry Properties, Ltd. | 170,000 | 578,375 | |||
Kingmaker Footwear Holdings, Ltd. | 54,000 | 6,585 | |||
Kingston Financial Group, Ltd. | 174,000 | 9,849 | |||
Kowloon Development Company, Ltd. | 126,000 | 148,488 | |||
Kwoon Chung Bus Holdings, Ltd. (A) | 20,000 | 5,084 | |||
Lai Sun Development Company, Ltd. (A) | 84,786 | 55,856 | |||
Lai Sun Garment International, Ltd. (A) | 46,846 | 30,875 | |||
Landing International Development, Ltd. (A) | 523,200 | 15,655 | |||
Landsea Green Properties Company, Ltd. (A) | 404,000 | 22,577 | |||
Langham Hospitality Investments, Ltd. (A) | 578,250 | 64,679 |
27 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Hong Kong (continued) | |||||
Lerthai Group, Ltd. (A)(C) | 18,000 | $2,060 | |||
Lifestyle International Holdings, Ltd. (A) | 169,000 | 107,304 | |||
Lippo China Resources, Ltd. | 1,028,000 | 16,271 | |||
Lippo, Ltd. | 31,250 | 10,018 | |||
Liu Chong Hing Investment, Ltd. | 76,000 | 78,544 | |||
Luk Fook Holdings International, Ltd. | 144,000 | 399,802 | |||
Lung Kee Bermuda Holdings, Ltd. | 48,000 | 24,066 | |||
Mandarin Oriental International, Ltd. (A) | 48,800 | 100,855 | |||
Mason Group Holdings, Ltd. (A)(B) | 9,029,000 | 30,248 | |||
Meilleure Health International Industry Group, Ltd. (A) | 138,000 | 6,565 | |||
Melco International Development, Ltd. (A) | 199,000 | 288,670 | |||
MH Development, Ltd. (A)(C) | 124,000 | 18,494 | |||
Midland Holdings, Ltd. (A) | 54,000 | 9,642 | |||
Miramar Hotel & Investment | 86,000 | 153,475 | |||
Modern Dental Group, Ltd. (A) | 135,000 | 158,923 | |||
National Electronics Holdings | 88,000 | 11,871 | |||
National United Resources Holdings, Ltd. (A)(C) | 1,090,000 | 14,926 | |||
Nissin Foods Company, Ltd. | 76,000 | 52,766 | |||
NWS Holdings, Ltd. | 344,000 | 333,559 | |||
Oriental Watch Holdings | 134,378 | 70,162 | |||
Oshidori International Holdings, Ltd. (A) | 1,807,200 | 123,011 | |||
Pacific Andes International Holdings, Ltd. (A)(C) | 2,171,305 | 0 | |||
Pacific Basin Shipping, Ltd. | 1,927,000 | 1,049,884 | |||
Pacific Century Premium Developments, Ltd. (A) | 32,400 | 2,668 | |||
Pacific Textiles Holdings, Ltd. | 307,000 | 163,753 | |||
Pak Fah Yeow International, Ltd. | 20,000 | 4,492 | |||
Paliburg Holdings, Ltd. (A) | 101,380 | 28,013 | |||
Paradise Entertainment, Ltd. (A) | 176,000 | 21,093 | |||
PC Partner Group, Ltd. (A) | 56,000 | 47,994 | |||
PCCW, Ltd. | 805,773 | 420,221 | |||
Peace Mark Holdings, Ltd. (A)(C) | 180,000 | 0 | |||
Perfect Medical Health Management, Ltd. | 140,000 | 117,751 | |||
Pico Far East Holdings, Ltd. | 254,000 | 39,544 | |||
Playmates Holdings, Ltd. | 640,000 | 72,406 | |||
Plover Bay Technologies, Ltd. | 88,000 | 36,649 | |||
PT International Development Company, Ltd. (A) | 453,327 | 16,609 | |||
Public Financial Holdings, Ltd. | 126,000 | 40,530 | |||
Regal Hotels International Holdings, Ltd. (A) | 117,200 | 52,942 | |||
Regina Miracle International Holdings, Ltd. (D) | 67,000 | 23,774 | |||
Renco Holdings Group, Ltd. (A) | 102,000 | 1,719 | |||
Sa Sa International Holdings, Ltd. (A) | 120,000 | 25,968 | |||
SAS Dragon Holdings, Ltd. | 84,000 | 49,599 | |||
SEA Holdings, Ltd. | 68,484 | 60,792 | |||
Shangri-La Asia, Ltd. (A) | 312,000 | 274,504 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 28 |
Shares | Value | ||||
Hong Kong (continued) | |||||
Shenwan Hongyuan HK, Ltd. | 120,000 | $15,893 | |||
Shun Tak Holdings, Ltd. (A) | 557,250 | 159,684 | |||
Sincere Watch Hong Kong, Ltd. (A) | 1,190,000 | 8,409 | |||
Sing Tao News Corp., Ltd. | 118,000 | 13,043 | |||
Singamas Container Holdings, Ltd. (A) | 270,000 | 40,270 | |||
SITC International Holdings Company, Ltd. | 176,000 | 766,672 | |||
SJM Holdings, Ltd. (A) | 339,000 | 295,003 | |||
SmarTone Telecommunications Holdings, Ltd. | 73,089 | 41,178 | |||
Solomon Systech International, Ltd. | 266,000 | 30,789 | |||
Soundwill Holdings, Ltd. | 39,500 | 40,868 | |||
Stella International Holdings, Ltd. (A) | 131,000 | 175,841 | |||
Summit Ascent Holdings, Ltd. (A) | 130,000 | 9,698 | |||
Sun Hung Kai & Company, Ltd. | 216,318 | 118,449 | |||
SUNeVision Holdings, Ltd. | 173,000 | 183,361 | |||
TAI Cheung Holdings, Ltd. | 115,000 | 79,266 | |||
Tan Chong International, Ltd. | 63,000 | 16,523 | |||
Television Broadcasts, Ltd. (A) | 124,100 | 105,373 | |||
Texhong Textile Group, Ltd. | 8,500 | 12,955 | |||
Texwinca Holdings, Ltd. | 330,000 | 71,262 | |||
The Bank of East Asia, Ltd. (B) | 29,600 | 49,649 | |||
The Hongkong & Shanghai Hotels, Ltd. (A) | 188,023 | 168,676 | |||
The United Laboratories International Holdings, Ltd. | 308,500 | 208,305 | |||
Theme International Holdings, Ltd. (A) | 855,000 | 133,962 | |||
Tradelink Electronic Commerce, Ltd. | 186,000 | 27,984 | |||
Transport International Holdings, Ltd. | 95,878 | 176,709 | |||
Up Energy Development Group, Ltd. (A)(C) | 898,000 | 1,489 | |||
Upbest Group, Ltd. | 8,000 | 833 | |||
Value Partners Group, Ltd. | 295,000 | 160,949 | |||
Valuetronics Holdings, Ltd. | 125,150 | 53,411 | |||
Vedan International Holdings, Ltd. | 168,000 | 16,211 | |||
Vitasoy International Holdings, Ltd. (B) | 176,000 | 453,802 | |||
VPower Group International Holdings, Ltd. (D) | 76,000 | 17,177 | |||
VSTECS Holdings, Ltd. | 284,400 | 267,499 | |||
VTech Holdings, Ltd. | 58,600 | 569,200 | |||
Wai Kee Holdings, Ltd. | 72,000 | 36,311 | |||
Wang On Group, Ltd. | 1,780,000 | 14,856 | |||
Wealthking Investments, Ltd. (A) | 376,000 | 37,745 | |||
Wing On Company International, Ltd. | 28,000 | 65,795 | |||
Wing Tai Properties, Ltd. | 118,000 | 66,527 | |||
YGM Trading, Ltd. (A) | 22,000 | 6,354 | |||
YTO Express Holdings, Ltd. | 30,000 | 12,554 | |||
Yue Yuen Industrial Holdings, Ltd. (A) | 237,500 | 481,643 | |||
Yunfeng Financial Group, Ltd. (A) | 46,000 | 13,528 | |||
Zensun Enterprises, Ltd. | 107,000 | 82,650 |
29 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Hong Kong (continued) | |||||
Zhaobangji Properties Holdings, Ltd. (A) | 632,000 | $44,612 | |||
Ireland 0.7% | 6,417,063 | ||||
AIB Group PLC (A) | 51,276 | 154,070 | |||
AIB Group PLC (London Stock Exchange) (A) | 7,501 | 22,255 | |||
Bank of Ireland Group PLC (A) | 46,962 | 293,948 | |||
Bank of Ireland Group PLC (London Stock Exchange) (A) | 215,337 | 1,346,865 | |||
C&C Group PLC (A) | 138,863 | 471,916 | |||
Cairn Homes PLC (A) | 23,676 | 31,840 | |||
Cairn Homes PLC (London Stock Exchange) (A) | 123,293 | 166,321 | |||
COSMO Pharmaceuticals NV (A)(B) | 1,285 | 117,574 | |||
Dalata Hotel Group PLC (A) | 26,723 | 119,241 | |||
Datalex PLC (A) | 4,738 | 3,868 | |||
FBD Holdings PLC (A) | 8,155 | 73,654 | |||
Glanbia PLC | 53,416 | 964,291 | |||
Glenveagh Properties PLC (A)(D) | 95,758 | 122,488 | |||
Grafton Group PLC | 86,201 | 1,656,508 | |||
Greencore Group PLC (A) | 189,388 | 370,147 | |||
Hostelworld Group PLC (A)(D) | 11,005 | 13,076 | |||
Irish Continental Group PLC | 42,651 | 220,254 | |||
Keywords Studios PLC (A) | 5,823 | 249,820 | |||
Permanent TSB Group Holdings PLC (A) | 11,820 | 18,927 | |||
Isle of Man 0.1% | 920,510 | ||||
Playtech PLC (A) | 117,955 | 663,609 | |||
Strix Group PLC | 49,852 | 256,901 | |||
Israel 1.5% | 13,174,699 | ||||
Abra Information Technologies, Ltd. (A) | 9,209 | 11,197 | |||
Adgar Investment and Development, Ltd. (B) | 21,013 | 42,693 | |||
Afcon Holdings, Ltd. | 661 | 39,357 | |||
AFI Properties, Ltd. (A) | 6,069 | 309,966 | |||
Africa Israel Residences, Ltd. | 1,199 | 63,068 | |||
Airport City, Ltd. (A) | 7,076 | 129,589 | |||
Allot, Ltd. (A) | 12,253 | 201,369 | |||
Alrov Properties and Lodgings, Ltd. (A) | 2,216 | 100,842 | |||
Arad, Ltd. (B) | 2,993 | 43,489 | |||
Ashtrom Group, Ltd. | 13,226 | 288,644 | |||
Atreyu Capital Markets, Ltd. | 3,104 | 52,453 | |||
AudioCodes, Ltd. | 4,550 | 142,415 | |||
Aura Investments, Ltd. | 38,484 | 38,424 | |||
Avgol Industries 1953, Ltd. (A) | 33,538 | 26,466 | |||
Azorim-Investment Development & Construction Company, Ltd. (A) | 33,534 | 136,354 | |||
Bet Shemesh Engines Holdings 1997, Ltd. (A) | 2,169 | 43,906 | |||
BioLine RX, Ltd. (A) | 56,614 | 10,861 | |||
Blue Square Real Estate, Ltd. | 1,795 | 140,132 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 30 |
Shares | Value | ||||
Israel (continued) | |||||
Brainsway, Ltd. (A) | 2,776 | $10,754 | |||
Camtek, Ltd. (A) | 8,218 | 339,206 | |||
Carasso Motors, Ltd. | 12,009 | 60,112 | |||
Cellcom Israel, Ltd. (A) | 31,945 | 120,439 | |||
Ceragon Networks, Ltd. (A) | 14,289 | 57,728 | |||
Clal Insurance Enterprises Holdings, Ltd. (A) | 10,232 | 214,732 | |||
Compugen, Ltd. (A) | 2,812 | 19,296 | |||
Danel Adir Yeoshua, Ltd. | 1,822 | 369,074 | |||
Delek Automotive Systems, Ltd. | 14,507 | 192,497 | |||
Delek Group, Ltd. (A) | 1,385 | 77,053 | |||
Delta Galil Industries, Ltd. | 3,337 | 172,788 | |||
Dor Alon Energy in Israel 1988, Ltd. | 2,265 | 68,270 | |||
Duniec Brothers, Ltd. | 934 | 43,708 | |||
Electra Consumer Products 1970, Ltd. | 3,782 | 210,067 | |||
Electra Real Estate, Ltd. | 8,261 | 114,320 | |||
Electra, Ltd. | 618 | 369,385 | |||
Elron Electronic Industries, Ltd. (A) | 7,485 | 30,192 | |||
Energix-Renewable Energies, Ltd. | 17,853 | 73,798 | |||
Enlight Renewable Energy, Ltd. (A) | 233,594 | 505,773 | |||
Equital, Ltd. (A) | 8,047 | 222,856 | |||
First International Bank of Israel, Ltd. | 1 | 22 | |||
FMS Enterprises Migun, Ltd. | 1,394 | 46,055 | |||
Formula Systems 1985, Ltd. | 3,729 | 370,655 | |||
Fox Wizel, Ltd. | 2,902 | 384,610 | |||
Freshmarket, Ltd. | 3,351 | 13,333 | |||
Gav-Yam Lands Corp., Ltd. | 37,900 | 426,040 | |||
Gilat Satellite Networks, Ltd. | 11,617 | 116,687 | |||
Gilat Satellite Networks, Ltd. (New York Stock Exchange) | 759 | 7,461 | |||
Globrands, Ltd. | 85 | 11,574 | |||
Hadera Paper, Ltd. | 1,499 | 116,239 | |||
Harel Insurance Investments & Financial Services, Ltd. | 42,237 | 414,878 | |||
Hilan, Ltd. | 5,426 | 306,726 | |||
IDI Insurance Company, Ltd. | 2,800 | 100,406 | |||
IES Holdings, Ltd. | 762 | 55,325 | |||
Inrom Construction Industries, Ltd. (B) | 29,233 | 144,291 | |||
Israel Canada T.R., Ltd. | 47,404 | 196,420 | |||
Israel Land Development - Urban Renewal, Ltd. (B) | 6,186 | 79,060 | |||
Isras Investment Company, Ltd. | 541 | 118,027 | |||
Issta Lines, Ltd. (A) | 1,677 | 36,056 | |||
Kamada, Ltd. (A) | 11,932 | 64,066 | |||
Kerur Holdings, Ltd. | 2,256 | 66,130 | |||
Klil Industries, Ltd. | 300 | 28,289 | |||
Levinstein Properties, Ltd. | 1,350 | 31,143 | |||
M Yochananof & Sons, Ltd. | 703 | 49,887 |
31 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Israel (continued) | |||||
Magic Software Enterprises, Ltd. | 10,744 | $225,007 | |||
Malam - Team, Ltd. | 3,260 | 108,476 | |||
Matrix IT, Ltd. | 12,240 | 334,097 | |||
Maytronics, Ltd. | 3,532 | 81,014 | |||
Mediterranean Towers, Ltd. | 29,603 | 92,183 | |||
Mega Or Holdings, Ltd. | 6,183 | 231,661 | |||
Mehadrin, Ltd. (A) | 167 | 7,351 | |||
Meitav Dash Investments, Ltd. | 9,168 | 47,734 | |||
Menora Mivtachim Holdings, Ltd. | 11,021 | 244,140 | |||
Migdal Insurance & Financial Holdings, Ltd. (A) | 140,977 | 198,799 | |||
Mivne Real Estate KD, Ltd. | 1 | 2 | |||
Mivtach Shamir Holdings, Ltd. | 1,455 | 48,287 | |||
Mizrahi Tefahot Bank, Ltd. | 1 | 23 | |||
Naphtha Israel Petroleum Corp., Ltd. (A) | 14,316 | 65,731 | |||
Nawi Brothers, Ltd. | 6,442 | 48,592 | |||
Neto Malinda Trading, Ltd. (A) | 532 | 13,032 | |||
Neto ME Holdings, Ltd. | 616 | 30,499 | |||
Novolog, Ltd. | 76,556 | 69,383 | |||
NR Spuntech Industries, Ltd. | 7,555 | 19,427 | |||
Oil Refineries, Ltd. (A) | 526,893 | 114,919 | |||
One Software Technologies, Ltd. | 11,890 | 190,343 | |||
Partner Communications Company, Ltd. (A) | 49,065 | 232,558 | |||
Paz Oil Company, Ltd. (A) | 3,404 | 342,754 | |||
Perion Network, Ltd. (A) | 8,824 | 184,311 | |||
Plasson Industries, Ltd. | 1,357 | 101,624 | |||
Plus500, Ltd. | 30,141 | 619,653 | |||
Prashkovsky Investments & Construction, Ltd. | 396 | 11,705 | |||
Priortech, Ltd. | 2,688 | 77,146 | |||
Rami Levy Chain Stores Hashikma Marketing 2006, Ltd. | 2,696 | 189,147 | |||
Raval Ics, Ltd. | 11,596 | 25,798 | |||
Sano-Brunos Enterprises, Ltd. | 147 | 15,224 | |||
Scope Metals Group, Ltd. | 2,885 | 122,281 | |||
Shikun & Binui, Ltd. (A) | 1 | 4 | |||
Summit Real Estate Holdings, Ltd. (A) | 14,651 | 230,920 | |||
Suny Cellular Communication, Ltd. (A) | 18,682 | 8,138 | |||
Tadiran Group, Ltd. | 1,091 | 142,192 | |||
Tamar Petroleum, Ltd. (D) | 7,742 | 10,740 | |||
Tel Aviv Stock Exchange, Ltd. | 4,867 | 26,620 | |||
Telsys | 1,590 | 62,448 | |||
The Phoenix Holdings, Ltd. | 2,039 | 21,771 | |||
Tiv Taam Holdings 1, Ltd. | 3,579 | 9,812 | |||
Tower Semiconductor, Ltd. (A) | 1 | 19 | |||
Tremor International, Ltd. (A) | 1,756 | 17,839 | |||
Victory Supermarket Chain, Ltd. (B) | 2,484 | 51,878 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 32 |
Shares | Value | ||||
Israel (continued) | |||||
Vitania, Ltd. | 3,993 | $29,765 | |||
YH Dimri Construction & Development, Ltd. | 2,839 | 192,999 | |||
Italy 3.5% | 31,261,491 | ||||
A2A SpA | 556,358 | 1,222,295 | |||
ACEA SpA | 16,690 | 398,555 | |||
Aeffe SpA (A) | 24,188 | 52,703 | |||
Anima Holding SpA (D) | 103,438 | 533,524 | |||
Aquafil SpA (A) | 5,089 | 43,550 | |||
Arnoldo Mondadori Editore SpA (A) | 41,391 | 91,384 | |||
Ascopiave SpA | 25,679 | 108,395 | |||
Autogrill SpA (A) | 45,700 | 342,680 | |||
Autostrade Meridionali SpA | 562 | 18,496 | |||
Avio SpA | 6,136 | 87,747 | |||
Azimut Holding SpA | 37,460 | 1,052,180 | |||
Banca Generali SpA (A) | 18,679 | 830,682 | |||
Banca IFIS SpA | 9,421 | 163,510 | |||
Banca Mediolanum SpA | 34,699 | 360,238 | |||
Banca Monte dei Paschi di Siena SpA (A)(B) | 1,513 | 2,016 | |||
Banca Popolare di Sondrio SCPA | 194,501 | 885,148 | |||
Banca Profilo SpA | 121,842 | 31,121 | |||
Banca Sistema SpA (A)(B)(D) | 23,962 | 66,106 | |||
Banco BPM SpA | 532,763 | 1,766,831 | |||
Banco di Desio e della Brianza SpA | 13,389 | 50,466 | |||
Be Shaping The Future SpA (B) | 26,372 | 69,465 | |||
BFF Bank SpA (D) | 46,719 | 426,845 | |||
Biesse SpA (A) | 757 | 27,165 | |||
BPER Banca | 303,316 | 660,357 | |||
Brembo SpA | 22,760 | 329,073 | |||
Brunello Cucinelli SpA (A) | 12,373 | 729,645 | |||
Buzzi Unicem SpA | 36,101 | 958,382 | |||
Cairo Communication SpA | 32,522 | 72,383 | |||
Carel Industries SpA (D) | 7,110 | 204,352 | |||
Cementir Holding NV | 19,485 | 220,688 | |||
Cerved Group SpA (A) | 44,259 | 516,319 | |||
CIR SpA-Compagnie Industriali (A) | 340,106 | 195,975 | |||
Credito Emiliano SpA | 37,888 | 253,969 | |||
Danieli & C Officine Meccaniche SpA (B) | 5,463 | 159,205 | |||
Danieli & C Officine Meccaniche SpA, Savings Shares | 10,080 | 191,565 | |||
De’ Longhi SpA | 21,515 | 973,705 | |||
DeA Capital SpA (A) | 39,171 | 60,957 | |||
Digital Bros SpA | 631 | 19,917 | |||
doValue SpA (D) | 878 | 10,982 | |||
Elica SpA (A) | 10,005 | 38,508 |
33 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Italy (continued) | |||||
Emak SpA | 28,372 | $64,564 | |||
Enav SpA (A)(D) | 7,043 | 30,734 | |||
ERG SpA | 21,203 | 624,993 | |||
Esprinet SpA | 17,722 | 338,704 | |||
Eurotech SpA (A) | 9,022 | 52,461 | |||
Fila SpA | 2,736 | 33,380 | |||
Fincantieri SpA (A)(B) | 193,472 | 168,838 | |||
FNM SpA (A)(B) | 72,366 | 50,058 | |||
Garofalo Health Care SpA (A) | 1,646 | 11,480 | |||
Gefran SpA | 1,600 | 19,452 | |||
Geox SpA (A)(B) | 22,422 | 29,768 | |||
Gruppo MutuiOnline SpA | 10,709 | 646,434 | |||
Hera SpA | 291,702 | 1,261,144 | |||
Illimity Bank SpA (A) | 10,284 | 149,745 | |||
IMMSI SpA (A) | 75,963 | 42,112 | |||
Intek Group SpA (A) | 66,972 | 27,320 | |||
Interpump Group SpA | 15,290 | 1,086,676 | |||
Iren SpA | 229,342 | 708,944 | |||
Italgas SpA | 172,930 | 1,146,456 | |||
Italmobiliare SpA | 6,199 | 224,654 | |||
Juventus Football Club SpA (A)(B) | 130,865 | 116,938 | |||
La Doria SpA | 3,655 | 78,674 | |||
Leonardo SpA (A) | 136,211 | 1,109,095 | |||
LU-VE SpA | 2,562 | 68,655 | |||
Maire Tecnimont SpA (B) | 49,836 | 194,237 | |||
Mediaset SpA | 145,676 | 454,481 | |||
Openjobmetis SpA Agenzia per il Lavoro | 4,189 | 50,002 | |||
OVS SpA (A)(D) | 75,854 | 154,646 | |||
Pharmanutra SpA | 712 | 55,111 | |||
Piaggio & C SpA | 72,749 | 275,677 | |||
Piovan SpA (D) | 1,138 | 10,669 | |||
Pirelli & C. SpA (D) | 130,223 | 780,774 | |||
Prima Industrie SpA (A) | 1,462 | 36,035 | |||
RAI Way SpA (D) | 34,478 | 209,634 | |||
Reno de Medici SpA | 86,273 | 146,577 | |||
Reply SpA | 7,894 | 1,592,098 | |||
Rizzoli Corriere Della Sera Mediagroup SpA (B) | 44,608 | 37,684 | |||
Sabaf SpA | 2,928 | 86,428 | |||
SAES Getters SpA | 514 | 10,562 | |||
Safilo Group SpA (A) | 16,568 | 32,313 | |||
Saipem SpA (A) | 162,309 | 384,600 | |||
Salvatore Ferragamo SpA (A)(B) | 10,040 | 205,066 | |||
Saras SpA (A) | 186,965 | 155,093 | |||
Servizi Italia SpA (A) | 3,687 | 9,388 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 34 |
Shares | Value | ||||
Italy (continued) | |||||
Sesa SpA (A) | 2,556 | $509,884 | |||
Societa Cattolica Di Assicurazione SPA (A) | 19,842 | 164,634 | |||
Sogefi SpA (A) | 10,059 | 16,632 | |||
SOL SpA | 9,408 | 215,303 | |||
Tamburi Investment Partners SpA | 47,010 | 513,006 | |||
Technogym SpA (D) | 41,738 | 493,413 | |||
Tinexta SpA | 8,122 | 376,013 | |||
Tod’s SpA (A)(B) | 3,273 | 178,914 | |||
TXT e-solutions SpA | 3,737 | 39,347 | |||
Unieuro SpA (B)(D) | 5,335 | 139,399 | |||
Unipol Gruppo SpA | 159,150 | 943,933 | |||
UnipolSai Assicurazioni SpA | 42,377 | 121,904 | |||
Webuild SpA (B) | 63,047 | 168,512 | |||
Zignago Vetro SpA | 8,446 | 181,159 | |||
Japan 22.5% | 200,647,462 | ||||
A&D Company, Ltd. | 6,900 | 70,098 | |||
Abist Company, Ltd. | 1,300 | 34,859 | |||
Access Company, Ltd. (A) | 11,200 | 98,147 | |||
Accrete, Inc. | 900 | 17,481 | |||
Achilles Corp. | 5,800 | 69,781 | |||
AD Works Group Company, Ltd. | 10,540 | 15,034 | |||
Adastria Company, Ltd. | 10,040 | 163,997 | |||
ADEKA Corp. | 30,791 | 672,182 | |||
Ad-sol Nissin Corp. (B) | 2,800 | 58,401 | |||
Adtec Plasma Technology Company, Ltd. | 1,400 | 21,357 | |||
Advan Group Company, Ltd. | 9,100 | 75,111 | |||
Advance Create Company, Ltd. | 3,200 | 28,694 | |||
Advanced Media, Inc. (A) | 3,000 | 21,079 | |||
Advanex, Inc. | 1,000 | 10,781 | |||
Advantage Risk Management Company, Ltd. | 1,800 | 18,345 | |||
Adventure, Inc. | 600 | 37,576 | |||
Adways, Inc. | 4,500 | 27,343 | |||
Aeon Delight Company, Ltd. | 5,800 | 187,657 | |||
Aeon Fantasy Company, Ltd. (B) | 3,300 | 56,764 | |||
AEON Financial Service Company, Ltd. | 5,700 | 67,089 | |||
Aeon Hokkaido Corp. | 7,700 | 80,766 | |||
Aeon Kyushu Company, Ltd. | 900 | 16,240 | |||
Aeria, Inc. | 4,300 | 18,791 | |||
AFC-HD AMS Life Science Company, Ltd. | 3,000 | 31,360 | |||
Agro-Kanesho Company, Ltd. | 1,800 | 23,647 | |||
AGS Corp. | 1,400 | 11,397 | |||
Ahresty Corp. (A) | 9,400 | 37,438 | |||
Ai Holdings Corp. | 12,200 | 247,433 |
35 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Japan (continued) | |||||
Aica Kogyo Company, Ltd. | 3,900 | $130,654 | |||
Aichi Corp. | 14,200 | 95,595 | |||
Aichi Steel Corp. | 4,100 | 104,565 | |||
Aichi Tokei Denki Company, Ltd. | 1,100 | 46,202 | |||
Aida Engineering, Ltd. | 19,500 | 188,427 | |||
Aiful Corp. | 123,000 | 392,299 | |||
Ain Holdings, Inc. | 6,900 | 463,932 | |||
Ainavo Holdings Company, Ltd. | 2,400 | 23,613 | |||
Aiphone Company, Ltd. | 4,600 | 91,705 | |||
Airport Facilities Company, Ltd. | 11,800 | 62,976 | |||
Aisan Industry Company, Ltd. | 15,100 | 116,066 | |||
AIT Corp. | 2,300 | 22,118 | |||
Aizawa Securities Company, Ltd. | 13,700 | 127,797 | |||
Ajis Company, Ltd. | 1,600 | 48,684 | |||
Akatsuki Corp. | 6,800 | 22,909 | |||
Akatsuki, Inc. (B) | 3,000 | 87,901 | |||
Akebono Brake Industry Company, Ltd. (A) | 25,300 | 43,174 | |||
Albis Company, Ltd. | 2,200 | 47,925 | |||
Alconix Corp. | 8,400 | 121,400 | |||
Alinco, Inc. | 5,400 | 50,144 | |||
Allied Architects, Inc. (A) | 2,400 | 19,609 | |||
Allied Telesis Holdings KK (A) | 9,200 | 8,686 | |||
Alpen Company, Ltd. | 5,400 | 170,072 | |||
Alpha Corp. | 2,500 | 28,412 | |||
AlphaPolis Company, Ltd. (A) | 1,100 | 33,983 | |||
Alps Alpine Company, Ltd. | 31,200 | 326,853 | |||
Alps Logistics Company, Ltd. | 6,000 | 51,366 | |||
Altech Corp. | 5,730 | 100,390 | |||
Amano Corp. | 15,200 | 385,855 | |||
Amiyaki Tei Company, Ltd. | 2,000 | 52,460 | |||
Amuse, Inc. | 3,900 | 83,731 | |||
Amvis Holdings, Inc. | 400 | 28,430 | |||
Anabuki Kosan, Inc. (B) | 1,000 | 18,394 | |||
Anest Iwata Corp. | 12,200 | 112,988 | |||
Anicom Holdings, Inc. | 22,100 | 177,535 | |||
Anritsu Corp. (B) | 26,600 | 461,075 | |||
Aohata Corp. | 500 | 11,514 | |||
AOI Electronics Company, Ltd. | 1,600 | 33,818 | |||
AOKI Holdings, Inc. | 15,600 | 88,687 | |||
Aoki Super Company, Ltd. | 600 | 16,435 | |||
Aoyama Trading Company, Ltd. (A) | 15,100 | 88,360 | |||
Aoyama Zaisan Networks Company, Ltd. | 4,400 | 34,872 | |||
Aozora Bank, Ltd. | 9,200 | 215,689 | |||
Apaman Company, Ltd. | 3,100 | 15,976 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 36 |
Shares | Value | ||||
Japan (continued) | |||||
Arakawa Chemical Industries, Ltd. | 7,200 | $82,500 | |||
Arata Corp. | 5,400 | 218,841 | |||
Araya Industrial Company, Ltd. | 1,200 | 16,384 | |||
Arcland Service Holdings Company, Ltd. | 5,300 | 106,647 | |||
Arcs Company, Ltd. | 15,284 | 310,706 | |||
Ardepro Company, Ltd. | 60,800 | 36,993 | |||
Arealink Company, Ltd. (B) | 4,100 | 52,510 | |||
Argo Graphics, Inc. | 5,500 | 163,725 | |||
Arisawa Manufacturing Company, Ltd. | 12,600 | 104,841 | |||
ARTERIA Networks Corp. | 8,100 | 131,918 | |||
Artiza Networks, Inc. | 900 | 11,445 | |||
Artnature, Inc. | 6,300 | 40,586 | |||
ArtSpark Holdings, Inc. | 8,000 | 62,229 | |||
Aruhi Corp. | 10,800 | 131,389 | |||
As One Corp. | 900 | 133,644 | |||
Asahi Broadcasting Group Holdings Corp. | 4,000 | 25,775 | |||
Asahi Company, Ltd. | 5,200 | 63,105 | |||
Asahi Diamond Industrial Company, Ltd. | 23,100 | 108,821 | |||
Asahi Holdings, Inc. (B) | 26,200 | 529,034 | |||
Asahi Intelligence Service Company, Ltd. | 600 | 7,141 | |||
Asahi Kogyosha Company, Ltd. | 1,700 | 52,946 | |||
Asahi Net, Inc. | 6,800 | 45,550 | |||
Asahi Printing Company, Ltd. | 3,100 | 24,869 | |||
Asahi Yukizai Corp. | 6,100 | 82,703 | |||
Asante, Inc. | 2,700 | 42,967 | |||
Asanuma Corp. | 2,700 | 109,609 | |||
Asax Company, Ltd. | 4,100 | 26,082 | |||
Ascentech KK | 2,000 | 23,367 | |||
Ashimori Industry Company, Ltd. | 1,599 | 15,039 | |||
Asia Pile Holdings Corp. | 11,600 | 50,660 | |||
ASKA Pharmaceutical Holdings Company, Ltd. | 8,200 | 75,670 | |||
ASKUL Corp. | 10,800 | 168,838 | |||
Astena Holdings Company, Ltd. | 12,400 | 67,403 | |||
Asti Corp. | 700 | 13,954 | |||
Ateam, Inc. | 200 | 2,749 | |||
Atled Corp. | 600 | 12,982 | |||
Atom Corp. | 7,300 | 52,335 | |||
Atrae, Inc. (A) | 5,000 | 124,175 | |||
Atsugi Company, Ltd. (A) | 6,700 | 38,422 | |||
Aucfan Company, Ltd. (A) | 900 | 7,342 | |||
Aucnet, Inc. | 2,700 | 51,120 | |||
Autobacs Seven Company, Ltd. | 24,900 | 346,869 | |||
Aval Data Corp. | 500 | 14,910 | |||
Avant Corp. | 7,100 | 98,181 |
37 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Japan (continued) | |||||
Avantia Company, Ltd. (B) | 5,700 | $46,443 | |||
Avex, Inc. | 5,800 | 79,166 | |||
Axell Corp. | 3,700 | 25,279 | |||
Axial Retailing, Inc. | 5,800 | 209,442 | |||
Axyz Company, Ltd. | 500 | 14,507 | |||
Bando Chemical Industries, Ltd. | 13,800 | 115,708 | |||
Bank of the Ryukyus, Ltd. | 15,300 | 111,544 | |||
Baroque Japan, Ltd. | 4,000 | 29,916 | |||
Base Company, Ltd. | 600 | 27,647 | |||
Beauty Garage, Inc. | 1,100 | 45,907 | |||
Beenos, Inc. | 2,400 | 67,402 | |||
Belc Company, Ltd. | 3,400 | 178,490 | |||
Bell System24 Holdings, Inc. | 10,500 | 152,077 | |||
Belluna Company, Ltd. | 21,700 | 162,173 | |||
Benesse Holdings, Inc. | 15,900 | 343,478 | |||
BeNext-Yumeshin Group Company | 16,939 | 184,353 | |||
Bengo4.com, Inc. (A)(B) | 2,000 | 125,964 | |||
Bic Camera, Inc. (B) | 17,200 | 167,128 | |||
B-Lot Company, Ltd. | 3,000 | 14,986 | |||
BML, Inc. | 8,100 | 327,146 | |||
Bookoff Group Holdings, Ltd. | 2,900 | 25,278 | |||
Bourbon Corp. | �� | 2,600 | 58,893 | ||
BP Castrol KK | 2,600 | 31,544 | |||
Br. Holdings Corp. | 9,900 | 46,554 | |||
BrainPad, Inc. (A) | 1,300 | 62,405 | |||
Broadleaf Company, Ltd. | 34,700 | 165,393 | |||
Broccoli Company, Ltd. | 1,600 | 21,742 | |||
Bull-Dog Sauce Company, Ltd. (B) | 2,800 | 53,854 | |||
Bunka Shutter Company, Ltd. | 19,500 | 206,492 | |||
Business Brain Showa-Ota, Inc. | 2,300 | 36,310 | |||
Business Engineering Corp. | 400 | 12,094 | |||
C Uyemura & Company, Ltd. | 4,400 | 180,931 | |||
CAC Holdings Corp. | 5,500 | 82,466 | |||
Can Do Company, Ltd. (B) | 3,800 | 67,033 | |||
Canare Electric Company, Ltd. | 1,500 | 23,445 | |||
Canon Electronics, Inc. | 7,300 | 105,958 | |||
CareerIndex, Inc. (A) | 2,300 | 22,373 | |||
Careerlink Company, Ltd. | 1,500 | 26,772 | |||
Carenet, Inc. (B) | 1,900 | 110,029 | |||
Carlit Holdings Company, Ltd. | 7,200 | 57,387 | |||
Carta Holdings, Inc. | 1,000 | 19,270 | |||
Casa, Inc. | 2,200 | 18,613 | |||
Cawachi, Ltd. | 5,500 | 114,758 | |||
CellSource Company, Ltd. (A)(B) | 600 | 91,923 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 38 |
Shares | Value | ||||
Japan (continued) | |||||
Central Automotive Products, Ltd. | 3,600 | $98,912 | |||
Central Glass Company, Ltd. | 12,286 | 247,856 | |||
Central Security Patrols Company, Ltd. | 3,200 | 77,251 | |||
Central Sports Company, Ltd. | 2,400 | 53,313 | |||
Ceres, Inc. | 2,700 | 67,329 | |||
Charm Care Corp. KK (B) | 5,400 | 74,621 | |||
Chatwork Company, Ltd. (A) | 1,500 | 15,707 | |||
Chilled & Frozen Logistics Holdings Company, Ltd. | 6,200 | 98,697 | |||
Chino Corp. | 2,500 | 33,084 | |||
Chiyoda Company, Ltd. | 7,200 | 52,043 | |||
Chiyoda Corp. (A)(B) | 47,300 | 160,096 | |||
Chiyoda Integre Company, Ltd. | 4,500 | 78,588 | |||
Chodai Company, Ltd. | 2,800 | 48,104 | |||
Chofu Seisakusho Company, Ltd. | 6,700 | 123,148 | |||
Chori Company, Ltd. | 5,300 | 88,362 | |||
Chubu Shiryo Company, Ltd. | 7,800 | 79,702 | |||
Chudenko Corp. | 10,900 | 226,410 | |||
Chuetsu Pulp & Paper Company, Ltd. (A) | 3,300 | 35,713 | |||
Chugai Ro Company, Ltd. | 2,400 | 39,425 | |||
Chugoku Marine Paints, Ltd. | 14,000 | 115,068 | |||
Chuo Gyorui Company, Ltd. | 300 | 7,729 | |||
Chuo Spring Company, Ltd. | 6,400 | 64,694 | |||
Chuo Warehouse Company, Ltd. | 2,600 | 23,409 | |||
CI Takiron Corp. | 16,400 | 93,547 | |||
Citizen Watch Company, Ltd. | 102,200 | 446,692 | |||
CKD Corp. | 13,500 | 282,289 | |||
CK-San-Etsu Company, Ltd. | 800 | 24,199 | |||
Cleanup Corp. | 9,700 | 50,290 | |||
CMC Corp. | 800 | 20,984 | |||
CMIC Holdings Company, Ltd. | 3,400 | 45,546 | |||
CMK Corp. | 19,000 | 72,500 | |||
cocokara fine, Inc. (B) | 5,730 | 450,986 | |||
COLOPL, Inc. | 15,700 | 118,669 | |||
Comany, Inc. | 1,000 | 10,859 | |||
Computer Engineering & Consulting, Ltd. | 10,200 | 144,328 | |||
Computer Institute of Japan, Ltd. | 5,100 | 39,596 | |||
Comture Corp. | 8,100 | 220,005 | |||
CONEXIO Corp. | 6,300 | 87,242 | |||
COOKPAD, Inc. (A) | 13,100 | 26,761 | |||
Core Corp. | 2,100 | 28,673 | |||
Corona Corp. | 7,000 | 58,081 | |||
Cosel Company, Ltd. | 10,500 | 97,796 | |||
Cosmo Energy Holdings Company, Ltd. | 22,400 | 444,451 | |||
Cosmos Initia Company, Ltd. | 6,900 | 27,278 |
39 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Japan (continued) | |||||
Cota Company, Ltd. | 6,095 | $87,273 | |||
CRE, Inc. | 3,300 | 49,974 | |||
Create Medic Company, Ltd. | 2,400 | 21,317 | |||
Create Restaurants Holdings, Inc. (A)(B) | 11,800 | 88,792 | |||
Create SD Holdings Company, Ltd. | 7,400 | 261,027 | |||
Credit Saison Company, Ltd. | 8,300 | 94,409 | |||
Creek & River Company, Ltd. | 4,600 | 73,877 | |||
Cresco, Ltd. | 5,800 | 103,256 | |||
CROOZ, Inc. (A) | 1,400 | 17,065 | |||
CTI Engineering Company, Ltd. | 4,600 | 103,020 | |||
CTS Company, Ltd. | 9,900 | 68,367 | |||
Cube System, Inc. | 4,500 | 44,609 | |||
Curves Holdings Company, Ltd. | 1,700 | 12,964 | |||
Cyber Com Company, Ltd. | 900 | 10,820 | |||
Cyberlinks Company, Ltd. | 600 | 8,758 | |||
Cybernet Systems Company, Ltd. | 6,300 | 39,726 | |||
Cyberstep, Inc. (A) | 1,100 | 6,967 | |||
Cybozu, Inc. (B) | 6,600 | 151,100 | |||
Dai Nippon Toryo Company, Ltd. | 8,600 | 66,553 | |||
Daibiru Corp. | 18,100 | 238,479 | |||
Daicel Corp. | 46,000 | 370,242 | |||
Dai-Dan Company, Ltd. | 5,100 | 125,246 | |||
Daido Kogyo Company, Ltd. | 3,900 | 36,748 | |||
Daido Metal Company, Ltd. (B) | 16,300 | 86,857 | |||
Daido Steel Company, Ltd. | 9,600 | 438,031 | |||
Daihatsu Diesel Manufacturing Company, Ltd. | 11,100 | 56,865 | |||
Daihen Corp. | 6,500 | 283,011 | |||
Daiho Corp. | 5,600 | 203,131 | |||
Dai-Ichi Cutter Kogyo KK | 1,200 | 14,097 | |||
Daiichi Jitsugyo Company, Ltd. | 3,300 | 141,229 | |||
Daiichi Kensetsu Corp. | 800 | 15,399 | |||
Daiichi Kigenso Kagaku-Kogyo Company, Ltd. | 7,000 | 104,402 | |||
Daiichikosho Company, Ltd. | 5,100 | 172,405 | |||
Daiken Corp. | 4,800 | 101,410 | |||
Daiken Medical Company, Ltd. | 5,000 | 26,524 | |||
Daiki Aluminium Industry Company, Ltd. | 12,400 | 167,298 | |||
Daiki Axis Company, Ltd. | 1,500 | 11,909 | |||
Daikoku Denki Company, Ltd. | 3,600 | 34,830 | |||
Daikokutenbussan Company, Ltd. | 1,700 | 107,166 | |||
Daikyonishikawa Corp. (B) | 16,500 | 99,735 | |||
Dainichi Company, Ltd. | 5,000 | 34,120 | |||
Dainichiseika Color & Chemicals Manufacturing Company, Ltd. | 5,000 | 115,202 | |||
Daiohs Corp. | 1,700 | 16,324 | |||
Daiseki Company, Ltd. | 17,280 | 699,072 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 40 |
Shares | Value | ||||
Japan (continued) | |||||
Daiseki Eco. Solution Company, Ltd. | 1,400 | $15,779 | |||
Daishi Hokuetsu Financial Group, Inc. | 13,000 | 319,983 | |||
Daishinku Corp. (B) | 2,600 | 88,830 | |||
Daisue Construction Company, Ltd. | 2,300 | 20,591 | |||
Daito Pharmaceutical Company, Ltd. | 4,450 | 145,916 | |||
Daitron Company, Ltd. | 4,500 | 91,399 | |||
Daiwa Industries, Ltd. | 12,200 | 135,344 | |||
Daiwabo Holdings Company, Ltd. | 32,000 | 608,000 | |||
DCM Holdings Company, Ltd. | 40,020 | 385,903 | |||
Dear Life Company, Ltd. | 6,600 | 29,130 | |||
Delica Foods Holdings Company, Ltd. | 1,800 | 10,663 | |||
DeNA Company, Ltd. | 14,800 | 260,585 | |||
Densan System Holdings Company, Ltd. | 2,200 | 55,367 | |||
Denyo Company, Ltd. | 6,300 | 117,412 | |||
Dexerials Corp. | 18,700 | 365,219 | |||
Diamond Electric Holdings Company, Ltd. (B) | 1,600 | 36,619 | |||
DIC Corp. | 16,300 | 468,846 | |||
Digital Arts, Inc. | 4,000 | 316,828 | |||
Digital Garage, Inc. | 10,200 | 465,449 | |||
Digital Hearts Holdings Company, Ltd. | 3,200 | 57,190 | |||
Digital Holdings, Inc. | 4,900 | 75,120 | |||
Digital Information Technologies Corp. | 1,800 | 32,345 | |||
Dip Corp. | 10,100 | 320,945 | |||
DKK Company, Ltd. | 4,400 | 91,217 | |||
DKK-Toa Corp. | 2,500 | 19,495 | |||
DKS Company, Ltd. (B) | 3,000 | 89,832 | |||
DMG Mori Company, Ltd. | 37,400 | 667,285 | |||
Doshisha Company, Ltd. | 9,500 | 151,340 | |||
Double Standard, Inc. | 700 | 50,548 | |||
Doutor Nichires Holdings Company, Ltd. | 10,293 | 153,169 | |||
Dowa Holdings Company, Ltd. | 9,400 | 412,788 | |||
Dream Incubator, Inc. (A) | 3,000 | 24,886 | |||
Drecom Company, Ltd. (A) | 4,400 | 21,191 | |||
DTS Corp. | 15,300 | 355,385 | |||
Duskin Company, Ltd. | 14,000 | 335,771 | |||
Dvx, Inc. | 1,200 | 10,911 | |||
DyDo Group Holdings, Inc. | 3,400 | 173,571 | |||
Dynic Corp. | 2,300 | 15,512 | |||
Eagle Industry Company, Ltd. | 11,000 | 124,877 | |||
Earth Corp. | 4,500 | 266,249 | |||
EAT&HOLDINGS Company, Ltd. | 1,800 | 33,952 | |||
Ebara Foods Industry, Inc. | 2,200 | 52,493 | |||
Ebara Jitsugyo Company, Ltd. | 4,400 | 100,363 | |||
Ebase Company, Ltd. | 8,000 | 56,782 |
41 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Japan (continued) | |||||
EBook Initiative Japan Company, Ltd. (A) | 800 | $27,471 | |||
Eco’s Company, Ltd. (B) | 2,900 | 51,323 | |||
EDION Corp. | 30,000 | 291,475 | |||
EF-ON, Inc. (B) | 6,680 | 51,566 | |||
eGuarantee, Inc. | 9,800 | 217,238 | |||
E-Guardian, Inc. | 2,900 | 86,943 | |||
Eidai Company, Ltd. | 12,000 | 32,458 | |||
Eiken Chemical Company, Ltd. | 10,700 | 208,480 | |||
Eizo Corp. | 5,700 | 220,093 | |||
Elan Corp. | 10,800 | 125,974 | |||
Elecom Company, Ltd. | 12,800 | 207,091 | |||
Electric Power Development Company, Ltd. | 3,900 | 58,260 | |||
Elematec Corp. | 6,800 | 70,362 | |||
Endo Lighting Corp. | 3,000 | 26,511 | |||
Enigmo, Inc. | 8,500 | 112,224 | |||
en-japan, Inc. | 8,300 | 280,365 | |||
Enomoto Company, Ltd. | 900 | 12,911 | |||
Enplas Corp. | 2,600 | 74,301 | |||
Enshu, Ltd. | 1,800 | 12,922 | |||
Entrust, Inc. | 3,300 | 21,037 | |||
EPCO Company, Ltd. | 700 | 5,148 | |||
eRex Company, Ltd. | 8,000 | 165,062 | |||
ES-Con Japan, Ltd. | 3,000 | 21,294 | |||
Eslead Corp. | 3,700 | 53,638 | |||
ESPEC Corp. | 7,400 | 147,486 | |||
Exedy Corp. | 10,100 | 152,819 | |||
Ezaki Glico Company, Ltd. | 600 | 22,697 | |||
F&M Company, Ltd. | 2,400 | 31,816 | |||
Faith, Inc. | 3,110 | 19,019 | |||
FALCO HOLDINGS Company, Ltd. | 3,200 | 51,099 | |||
FAN Communications, Inc. | 19,900 | 74,239 | |||
FCC Company, Ltd. | 13,400 | 187,357 | |||
FDK Corp. (A)(B) | 5,300 | 55,756 | |||
Feed One Company, Ltd. | 8,108 | 56,006 | |||
Felissimo Corp. | 1,900 | 25,667 | |||
Fenwal Controls of Japan, Ltd. | 700 | 9,789 | |||
Ferrotec Holdings Corp. | 14,100 | 413,559 | |||
FFRI Security, Inc. (A) | 1,200 | 18,645 | |||
FIDEA Holdings Company, Ltd. | 65,406 | 74,889 | |||
FINDEX, Inc. | 3,900 | 37,326 | |||
First Brothers Company, Ltd. | 900 | 8,211 | |||
First Juken Company, Ltd. | 3,400 | 39,388 | |||
First-corp, Inc. | 2,000 | 14,027 | |||
Fixstars Corp. | 4,000 | 28,428 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 42 |
Shares | Value | ||||
Japan (continued) | |||||
FJ Next Company, Ltd. | 7,600 | $70,974 | |||
Focus Systems Corp. | 2,900 | 26,759 | |||
Forum Engineering, Inc. | 1,200 | 9,547 | |||
Forval Corp. | 1,600 | 15,028 | |||
Foster Electric Company, Ltd. | 9,200 | 72,621 | |||
France Bed Holdings Company, Ltd. | 8,800 | 73,958 | |||
Freebit Company, Ltd. | 3,500 | 26,398 | |||
Freund Corp. | 3,000 | 24,262 | |||
Fronteo, Inc. | 2,500 | 40,599 | |||
Frontier Management, Inc. | 1,000 | 9,828 | |||
F-Tech, Inc. | 5,900 | 33,608 | |||
FTGroup Company, Ltd. | 3,000 | 35,255 | |||
Fudo Tetra Corp. | 6,820 | 108,004 | |||
Fuji Company, Ltd. (B) | 7,600 | 135,789 | |||
Fuji Corp. (Aichi) | 16,500 | 427,135 | |||
Fuji Corp. (Miyagi) | 3,800 | 40,139 | |||
Fuji Corp., Ltd. | 11,900 | 74,178 | |||
Fuji Die Company, Ltd. | 1,000 | 6,121 | |||
Fuji Kyuko Company, Ltd. | 1,800 | 73,858 | |||
Fuji Media Holdings, Inc. | 8,500 | 88,604 | |||
Fuji Oil Company, Ltd. | 19,200 | 44,776 | |||
Fuji Oil Holdings, Inc. | 13,700 | 309,704 | |||
Fuji Pharma Company, Ltd. | 6,400 | 67,130 | |||
Fuji Seal International, Inc. | 15,200 | 341,467 | |||
Fuji Soft, Inc. | 6,600 | 342,102 | |||
Fujibo Holdings, Inc. | 3,700 | 142,563 | |||
Fujicco Company, Ltd. | 7,900 | 136,392 | |||
Fujikura Composites, Inc. | 6,700 | 43,870 | |||
Fujikura Kasei Company, Ltd. | 12,600 | 60,767 | |||
Fujikura, Ltd. (A) | 86,500 | 498,037 | |||
Fujimi, Inc. | 2,600 | 144,915 | |||
Fujimori Kogyo Company, Ltd. | 5,300 | 220,648 | |||
Fujisash Company, Ltd. | 45,100 | 31,960 | |||
Fujishoji Company, Ltd. | 2,400 | 19,804 | |||
Fujita Kanko, Inc. (A) | 1,800 | 36,569 | |||
Fujitec Company, Ltd. | 11,500 | 282,849 | |||
Fujiya Company, Ltd. | 3,900 | 84,230 | |||
FuKoKu Company, Ltd. | 3,000 | 28,052 | |||
Fukuda Corp. | 2,200 | 100,545 | |||
Fukuda Denshi Company, Ltd. | 2,400 | 239,843 | |||
Fukui Computer Holdings, Inc. | 3,300 | 130,550 | |||
Fukushima Galilei Company, Ltd. | 4,800 | 211,474 | |||
Fukuyama Transporting Company, Ltd. | 5,300 | 222,840 | |||
FULLCAST Holdings Company, Ltd. | 7,000 | 134,754 |
43 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Japan (continued) | |||||
Funai Soken Holdings, Inc. | 12,830 | $316,267 | |||
Furukawa Company, Ltd. | 12,700 | 142,875 | |||
Furukawa Electric Company, Ltd. | 24,400 | 524,456 | |||
Furuno Electric Company, Ltd. | 8,600 | 85,366 | |||
Furusato Industries, Ltd. | 4,000 | 75,000 | |||
Furuya Metal Company, Ltd. | 700 | 53,546 | |||
Furyu Corp. | 5,600 | 79,141 | |||
Fuso Chemical Company, Ltd. | 7,000 | 287,866 | |||
Fuso Pharmaceutical Industries, Ltd. | 2,500 | 56,381 | |||
Futaba Corp. | 14,757 | 107,205 | |||
Futaba Industrial Company, Ltd. | 23,200 | 102,363 | |||
Future Corp. | 7,200 | 160,242 | |||
Fuyo General Lease Company, Ltd. | 6,400 | 441,879 | |||
G Three Holdings Corp. | 3,800 | 18,475 | |||
G-7 Holdings, Inc. | 4,200 | 151,664 | |||
GA Technologies Company, Ltd. (A) | 1,200 | 21,250 | |||
Gakken Holdings Company, Ltd. | 7,300 | 82,822 | |||
Gakkyusha Company, Ltd. | 2,400 | 30,068 | |||
Gakujo Company, Ltd. | 300 | 3,156 | |||
GCA Corp. | 7,500 | 93,774 | |||
Gecoss Corp. | 6,500 | 52,485 | |||
Geechs, Inc. | 700 | 10,430 | |||
Genki Sushi Company, Ltd. | 2,100 | 50,365 | |||
Genky DrugStores Company, Ltd. | 3,000 | 140,224 | |||
Geo Holdings Corp. | 13,300 | 143,780 | |||
Gift, Inc. | 800 | 15,900 | |||
Giftee, Inc. (A)(B) | 2,000 | 64,909 | |||
Gig Works, Inc. (B) | 1,800 | 12,298 | |||
Giken, Ltd. | 600 | 25,807 | |||
GL Sciences, Inc. (B) | 2,800 | 61,246 | |||
GLOBERIDE, Inc. | 2,600 | 174,441 | |||
Glory, Ltd. | 13,800 | 287,139 | |||
Glosel Company, Ltd. | 4,400 | 16,466 | |||
GMO Financial Gate, Inc. | 200 | 36,536 | |||
GMO Financial Holdings, Inc. | 18,300 | 136,170 | |||
GMO GlobalSign Holdings KK | 1,600 | 69,442 | |||
GNI Group, Ltd. (A) | 12,900 | 181,934 | |||
Godo Steel, Ltd. | 4,700 | 64,211 | |||
Goldcrest Company, Ltd. | 7,870 | 120,565 | |||
Golf Digest Online, Inc. | 2,700 | 34,981 | |||
Good Com Asset Company, Ltd. | 2,400 | 31,585 | |||
Grace Technology, Inc. (B) | 8,600 | 95,351 | |||
Grandy House Corp. | 5,700 | 25,662 | |||
Gree, Inc. | 40,000 | 235,843 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 44 |
Shares | Value | ||||
Japan (continued) | |||||
Gremz, Inc. (B) | 2,600 | $65,937 | |||
GS Yuasa Corp. | 19,600 | 459,217 | |||
GSI Creos Corp. | 2,200 | 20,873 | |||
G-Tekt Corp. | 9,900 | 133,218 | |||
Gumi, Inc. (B) | 9,000 | 72,546 | |||
Gun-Ei Chemical Industry Company, Ltd. | 1,900 | 46,601 | |||
GungHo Online Entertainment, Inc. | 14,300 | 277,791 | |||
Gunze, Ltd. | 6,300 | 255,108 | |||
H.U. Group Holdings, Inc. | 18,900 | 557,773 | |||
H2O Retailing Corp. | 33,000 | 259,067 | |||
HABA Laboratories, Inc. | 700 | 22,227 | |||
Hagihara Industries, Inc. | 5,300 | 72,488 | |||
Hagiwara Electric Holdings Company, Ltd. | 3,100 | 64,211 | |||
Hakudo Company, Ltd. | 3,200 | 78,574 | |||
Hakuto Company, Ltd. | 6,200 | 101,561 | |||
Halows Company, Ltd. | 3,100 | 84,251 | |||
Hamakyorex Company, Ltd. | 6,300 | 187,563 | |||
Hamee Corp. | 1,000 | 15,200 | |||
Handsman Company, Ltd. | 1,300 | 20,015 | |||
Hanwa Company, Ltd. | 12,700 | 380,827 | |||
Happinet Corp. | 6,900 | 91,197 | |||
Hard Off Corp. Company, Ltd. | 3,900 | 27,642 | |||
Harima Chemicals Group, Inc. | 6,000 | 48,857 | |||
Haruyama Holdings, Inc. | 400 | 2,111 | |||
Hayashikane Sangyo Company, Ltd. | 1,900 | 10,038 | |||
Hazama Ando Corp. | 68,500 | 510,928 | |||
Heiwa Corp. | 17,300 | 315,514 | |||
Heiwa Real Estate Company, Ltd. | 12,400 | 480,130 | |||
Heiwado Company, Ltd. | 10,200 | 202,805 | |||
Helios Techno Holding Company, Ltd. | 6,400 | 19,136 | |||
Hennge KK (A)(B) | 2,400 | 105,278 | |||
Hibiya Engineering, Ltd. | 7,000 | 120,245 | |||
HI-LEX Corp. | 8,000 | 126,289 | |||
Himaraya Company, Ltd. | 1,700 | 19,376 | |||
Hinokiya Group Company, Ltd. | 100 | 2,099 | |||
Hioki EE Corp. | 3,700 | 273,713 | |||
Hirakawa Hewtech Corp. | 3,600 | 38,376 | |||
Hirano Tecseed Company, Ltd. (B) | 3,200 | 78,159 | |||
Hirata Corp. | 2,900 | 177,905 | |||
Hirogin Holdings, Inc. | 84,200 | 484,307 | |||
Hirose Tusyo, Inc. | 600 | 13,053 | |||
Hiroshima Gas Company, Ltd. | 16,200 | 55,408 | |||
Hisaka Works, Ltd. | 10,600 | 82,024 | |||
Hitachi Zosen Corp. | 62,580 | 452,701 |
45 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Japan (continued) | |||||
Hito Communications Holdings, Inc. (B) | 2,000 | $33,300 | |||
Hochiki Corp. | 5,500 | 58,634 | |||
Hodogaya Chemical Company, Ltd. | 2,300 | 105,719 | |||
Hogy Medical Company, Ltd. | 7,800 | 243,938 | |||
Hokkaido Coca-Cola Bottling Company, Ltd. | 800 | 29,857 | |||
Hokkaido Electric Power Company, Inc. | 68,100 | 318,834 | |||
Hokkaido Gas Company, Ltd. | 5,600 | 79,492 | |||
Hokkan Holdings, Ltd. | 2,600 | 33,818 | |||
Hokko Chemical Industry Company, Ltd. | 7,600 | 71,955 | |||
Hokuetsu Corp. | 39,200 | 215,310 | |||
Hokuetsu Industries Company, Ltd. | 9,000 | 87,438 | |||
Hokuhoku Financial Group, Inc. | 43,600 | 334,181 | |||
Hokuriku Electric Industry Company, Ltd. | 3,100 | 29,132 | |||
Hokuriku Electric Power Company | 61,000 | 329,951 | |||
Hokuriku Electrical Construction Company, Ltd. | 4,700 | 54,936 | |||
Hokuto Corp. | 7,900 | 143,141 | |||
Honda Tsushin Kogyo Company, Ltd. | 8,400 | 35,550 | |||
H-One Company, Ltd. | 7,700 | 50,119 | |||
Honeys Holdings Company, Ltd. | 7,760 | 79,930 | |||
Honma Golf, Ltd. (D) | 30,500 | 13,334 | |||
Hoosiers Holdings | 11,500 | 69,132 | |||
Hosiden Corp. | 22,000 | 180,979 | |||
Hosokawa Micron Corp. | 2,700 | 161,399 | |||
Hotland Company, Ltd. | 1,800 | 21,259 | |||
Hotto Link, Inc. (A) | 5,100 | 26,334 | |||
House Do Company, Ltd. | 2,600 | 24,758 | |||
Howa Machinery, Ltd. | 5,300 | 39,492 | |||
HPC Systems, Inc. (A) | 800 | 24,454 | |||
IBJ, Inc. (B) | 7,700 | 68,191 | |||
Ichibanya Company, Ltd. | 4,700 | 202,786 | |||
Ichigo, Inc. | 82,000 | 253,819 | |||
Ichiken Company, Ltd. | 2,300 | 40,009 | |||
Ichikoh Industries, Ltd. | 14,100 | 86,833 | |||
Ichimasa Kamaboko Company, Ltd. | 1,100 | 9,199 | |||
Ichinen Holdings Company, Ltd. | 8,900 | 100,242 | |||
Ichiyoshi Securities Company, Ltd. | 16,200 | 94,336 | |||
Icom, Inc. | 3,700 | 82,695 | |||
ID Holdings Corp. | 4,950 | 41,592 | |||
IDEA Consultants, Inc. | 700 | 11,880 | |||
Idec Corp. | 11,800 | 244,591 | |||
IDOM, Inc. | 23,600 | 200,557 | |||
Ihara Science Corp. | 2,200 | 41,208 | |||
Iino Kaiun Kaisha, Ltd. | 29,300 | 139,873 | |||
IJTT Company, Ltd. | 7,760 | 42,488 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 46 |
Shares | Value | ||||
Japan (continued) | |||||
Ikegami Tsushinki Company, Ltd. | 1,900 | $13,686 | |||
I’ll, Inc. | 2,700 | 44,782 | |||
IMAGICA GROUP, Inc. | 5,400 | 25,654 | |||
Imasen Electric Industrial | 1,900 | 12,180 | |||
i-mobile Company, Ltd. | 1,300 | 17,383 | |||
Impact HD, Inc. (A) | 800 | 26,125 | |||
Imuraya Group Company, Ltd. | 2,700 | 57,758 | |||
Inaba Denki Sangyo Company, Ltd. | 17,800 | 436,004 | |||
Inaba Seisakusho Company, Ltd. (B) | 4,900 | 64,468 | |||
Inabata & Company, Ltd. | 15,500 | 237,109 | |||
Inageya Company, Ltd. | 3,200 | 41,996 | |||
Ines Corp. | 7,100 | 101,852 | |||
i-Net Corp. | 4,600 | 59,608 | |||
Infocom Corp. | 6,900 | 154,693 | |||
Infomart Corp. | 55,300 | 492,999 | |||
Information Services International-Dentsu, Ltd. | 6,200 | 241,845 | |||
Innotech Corp. | 5,800 | 73,427 | |||
Insource Company, Ltd. | 6,500 | 125,011 | |||
Intage Holdings, Inc. | 12,800 | 177,052 | |||
Intelligent Wave, Inc. | 2,900 | 16,802 | |||
Inter Action Corp. | 3,100 | 77,093 | |||
Internet Initiative Japan, Inc. | 12,000 | 417,724 | |||
I-O Data Device, Inc. | 3,600 | 29,741 | |||
I-PEX, Inc. | 4,400 | 79,150 | |||
IPS, Inc. | 700 | 14,181 | |||
IR Japan Holdings, Ltd. | 2,500 | 298,434 | |||
Iriso Electronics Company, Ltd. | 7,400 | 309,477 | |||
I’rom Group Company, Ltd. (B) | 2,800 | 52,783 | |||
ISB Corp. | 2,600 | 29,941 | |||
Ise Chemicals Corp. | 600 | 18,258 | |||
Iseki & Company, Ltd. (A) | 6,700 | 96,180 | |||
Isetan Mitsukoshi Holdings, Ltd. | 20,500 | 137,294 | |||
Ishihara Chemical Company, Ltd. | 1,800 | 44,036 | |||
Ishihara Sangyo Kaisha, Ltd. | 14,200 | 146,506 | |||
Ishii Iron Works Company, Ltd. | 900 | 24,517 | |||
Ishizuka Glass Company, Ltd. | 1,000 | 18,721 | |||
ITbook Holdings Company, Ltd. (A) | 4,000 | 18,203 | |||
ITFOR, Inc. | 11,200 | 88,868 | |||
ITmedia, Inc. | 3,500 | 70,489 | |||
Itochu Enex Company, Ltd. | 20,900 | 187,367 | |||
Itochu-Shokuhin Company, Ltd. | 2,400 | 115,447 | |||
Itoham Yonekyu Holdings, Inc. | 31,300 | 211,313 | |||
Itoki Corp. | 16,100 | 52,477 | |||
IwaiCosmo Holdings, Inc. | 7,900 | 98,829 |
47 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Japan (continued) | |||||
Iwaki Company, Ltd. | 2,600 | $21,547 | |||
Iwasaki Electric Company, Ltd. | 3,000 | 55,708 | |||
Iwatsu Electric Company, Ltd. | 3,700 | 30,632 | |||
Iwatsuka Confectionery Company, Ltd. | 1,500 | 54,504 | |||
Izumi Company, Ltd. | 3,900 | 126,883 | |||
J Front Retailing Company, Ltd. | 31,300 | 270,121 | |||
J Trust Company, Ltd. | 25,600 | 83,419 | |||
JAC Recruitment Company, Ltd. | 6,000 | 97,399 | |||
Jaccs Company, Ltd. | 9,100 | 227,464 | |||
JAFCO Group Company, Ltd. | 11,600 | 700,578 | |||
Jalux, Inc. (A) | 2,600 | 40,579 | |||
Jamco Corp. (A) | 4,500 | 40,751 | |||
Janome Sewing Machine Company, Ltd. | 8,500 | 53,504 | |||
Japan Animal Referral Medical Center Company, Ltd. (A) | 600 | 9,884 | |||
Japan Asia Investment Company, Ltd. (A) | 5,400 | 13,628 | |||
Japan Asset Marketing Company, Ltd. (A) | 44,300 | 43,938 | |||
Japan Aviation Electronics Industry, Ltd. | 17,900 | 261,619 | |||
Japan Best Rescue System Company, Ltd. | 6,400 | 63,331 | |||
Japan Cash Machine Company, Ltd. (A) | 9,300 | 47,474 | |||
Japan Display, Inc. (A) | 96,800 | 31,647 | |||
Japan Electronic Materials Corp. (B) | 2,600 | 43,710 | |||
Japan Elevator Service Holdings Company, Ltd. | 8,200 | 215,711 | |||
Japan Foundation Engineering Company, Ltd. | 9,200 | 49,066 | |||
Japan Hospice Holdings, Inc. (A) | 600 | 10,654 | |||
Japan Investment Adviser Company, Ltd. (B) | 4,600 | 58,985 | |||
Japan Lifeline Company, Ltd. | 20,200 | 242,651 | |||
Japan Material Company, Ltd. | 20,600 | 235,492 | |||
Japan Medical Dynamic Marketing, Inc. | 4,900 | 102,183 | |||
Japan Oil Transportation Company, Ltd. | 1,100 | 26,181 | |||
Japan Petroleum Exploration Company, Ltd. | 13,500 | 232,247 | |||
Japan Property Management Center Company, Ltd. | 4,300 | 49,137 | |||
Japan Pulp & Paper Company, Ltd. | 4,500 | 153,113 | |||
Japan Pure Chemical Company, Ltd. | 1,000 | 27,164 | |||
Japan Securities Finance Company, Ltd. | 33,700 | 254,473 | |||
Japan Transcity Corp. | 14,700 | 78,817 | |||
Jastec Company, Ltd. | 3,500 | 39,741 | |||
JBCC Holdings, Inc. | 5,800 | 81,784 | |||
JCU Corp. | 7,100 | 268,259 | |||
Jeol, Ltd. | 9,600 | 707,708 | |||
JFE Systems, Inc. | 1,500 | 23,596 | |||
JGC Holdings Corp. | 64,700 | 542,758 | |||
JIG-SAW, Inc. (A)(B) | 900 | 79,771 | |||
Jimoto Holdings, Inc. | 7,179 | 46,710 | |||
JINS Holdings, Inc. (B) | 4,600 | 300,046 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 48 |
Shares | Value | ||||
Japan (continued) | |||||
JK Holdings Company, Ltd. | 6,100 | $44,841 | |||
J-Lease Company, Ltd. | 300 | 4,473 | |||
JM Holdings Company, Ltd. | 4,400 | 91,304 | |||
JMS Company, Ltd. | 5,200 | 36,462 | |||
Joban Kosan Company, Ltd. (A) | 2,000 | 25,911 | |||
J-Oil Mills, Inc. | 8,200 | 134,232 | |||
Joshin Denki Company, Ltd. | 6,900 | 157,863 | |||
Joyful Honda Company, Ltd. | 11,200 | 142,788 | |||
JP-Holdings, Inc. | 14,400 | 35,708 | |||
JSB Company, Ltd. | 1,600 | 50,271 | |||
JSP Corp. | 4,200 | 61,824 | |||
JTOWER, Inc. (A)(B) | 2,400 | 197,847 | |||
Juki Corp. | 11,500 | 80,264 | |||
JVCKenwood Corp. | 73,828 | 139,592 | |||
K&O Energy Group, Inc. | 6,100 | 73,281 | |||
Kadokawa Corp. | 4,257 | 195,230 | |||
Kadoya Sesame Mills, Inc. | 400 | 14,646 | |||
Kaga Electronics Company, Ltd. | 6,500 | 171,056 | |||
Kagome Company, Ltd. | 3,500 | 93,115 | |||
Kaken Pharmaceutical Company, Ltd. | 8,600 | 388,490 | |||
Kakiyasu Honten Company, Ltd. (B) | 3,400 | 78,475 | |||
Kamakura Shinsho, Ltd. | 5,600 | 53,280 | |||
Kameda Seika Company, Ltd. | 4,400 | 186,442 | |||
Kamei Corp. | 9,300 | 99,208 | |||
Kamigumi Company, Ltd. | 2,600 | 56,123 | |||
Kanaden Corp. | 7,400 | 70,004 | |||
Kanagawa Chuo Kotsu Company, Ltd. (B) | 1,600 | 50,278 | |||
Kanamic Network Company, Ltd. | 7,800 | 45,099 | |||
Kanamoto Company, Ltd. | 12,200 | 278,783 | |||
Kandenko Company, Ltd. | 33,000 | 283,538 | |||
Kaneka Corp. | 7,000 | 289,705 | |||
Kaneko Seeds Company, Ltd. | 3,900 | 52,921 | |||
Kanematsu Corp. | 29,300 | 376,811 | |||
Kanematsu Electronics, Ltd. | 4,100 | 143,137 | |||
Kanemi Company, Ltd. | 1,000 | 25,520 | |||
Kansai Super Market, Ltd. | 5,300 | 74,024 | |||
Kanto Denka Kogyo Company, Ltd. | 17,500 | 170,287 | |||
Kasai Kogyo Company, Ltd. (A) | 10,900 | 38,496 | |||
Katakura & Co-op Agri Corp. | 1,100 | 12,034 | |||
Katakura Industries Company, Ltd. | 9,600 | 128,391 | |||
Katitas Company, Ltd. | 15,000 | 498,192 | |||
Kato Sangyo Company, Ltd. | 8,500 | 259,957 | |||
Kato Works Company, Ltd. | 3,800 | 31,523 | |||
Kawada Technologies, Inc. | 1,900 | 64,092 |
49 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Japan (continued) | |||||
Kawagishi Bridge Works Company, Ltd. | 600 | $16,285 | |||
Kawai Musical Instruments Manufacturing Company, Ltd. | 2,500 | 84,891 | |||
Kawata Manufacturing Company, Ltd. | 1,600 | 13,048 | |||
KeePer Technical Laboratory Company, Ltd. | 4,600 | 150,774 | |||
Keihanshin Building Company, Ltd. | 11,500 | 159,929 | |||
KEIWA, Inc. | 1,100 | 47,729 | |||
Keiyo Company, Ltd. (B) | 14,000 | 101,753 | |||
KEL Corp. | 1,900 | 17,343 | |||
Kenko Mayonnaise Company, Ltd. | 5,300 | 73,233 | |||
KeyHolder, Inc. | 1,100 | 8,278 | |||
KFC Holdings Japan, Ltd. | 4,900 | 132,944 | |||
KFC, Ltd. | 700 | 12,761 | |||
KH Neochem Company, Ltd. | 11,000 | 299,694 | |||
Kimoto Company, Ltd. | 15,600 | 34,130 | |||
Kimura Chemical Plants Company, Ltd. | 5,900 | 39,661 | |||
Kimura Unity Company, Ltd. | 600 | 7,379 | |||
King Company, Ltd. | 2,300 | 10,685 | |||
Kintetsu Department Store Company, Ltd. (A) | 900 | 19,720 | |||
Kintetsu World Express, Inc. | 13,300 | 322,693 | |||
Kissei Pharmaceutical Company, Ltd. | 10,300 | 226,790 | |||
Ki-Star Real Estate Company, Ltd. | 2,800 | 129,324 | |||
Kitagawa Corp. | 3,400 | 49,135 | |||
Kitano Construction Corp. | 1,500 | 29,708 | |||
Kitanotatsujin Corp. | 21,400 | 99,614 | |||
Kito Corp. | 7,200 | 108,588 | |||
Kitz Corp. | 22,100 | 163,601 | |||
KLab, Inc. (A)(B) | 9,400 | 55,914 | |||
Koa Corp. | 11,100 | 159,425 | |||
Koatsu Gas Kogyo Company, Ltd. | 12,200 | 82,744 | |||
Kobe Electric Railway Company, Ltd. (A)(B) | 2,300 | 74,617 | |||
Kobe Steel, Ltd. | 87,600 | 556,934 | |||
Kobelco Eco-Solutions Company, Ltd. | 1,200 | 36,037 | |||
Kohnan Shoji Company, Ltd. | 8,500 | 280,233 | |||
Kohsoku Corp. | 3,200 | 47,510 | |||
Koike Sanso Kogyo Company, Ltd. | 500 | 13,644 | |||
Kojima Company, Ltd. (B) | 13,300 | 78,712 | |||
Kokusai Company, Ltd. | 2,400 | 15,177 | |||
Kokusai Pulp & Paper Company, Ltd. | 11,900 | 39,560 | |||
Kokuyo Company, Ltd. | 25,173 | 440,450 | |||
KOMAIHALTEC, Inc. | 1,200 | 17,940 | |||
Komatsu Matere Company, Ltd. | 10,700 | 95,782 | |||
Komatsu Wall Industry Company, Ltd. | 2,700 | 47,640 | |||
KOMEDA Holdings Company, Ltd. | 14,500 | 265,939 | |||
Komehyo Holdings Company, Ltd. | 3,100 | 44,842 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 50 |
Shares | Value | ||||
Japan (continued) | |||||
Komeri Company, Ltd. | 12,100 | $277,456 | |||
Komori Corp. | 18,324 | 141,023 | |||
Konaka Company, Ltd. | 10,500 | 33,332 | |||
Kondotec, Inc. | 7,100 | 65,207 | |||
Konica Minolta, Inc. | 33,200 | 168,494 | |||
Konishi Company, Ltd. | 11,200 | 170,724 | |||
Konoike Transport Company, Ltd. | 10,300 | 128,183 | |||
Konoshima Chemical Company, Ltd. | 1,800 | 41,806 | |||
Kosaido Company, Ltd. (A) | 6,200 | 56,064 | |||
Kozo Keikaku Engineering, Inc. | 800 | 19,405 | |||
Krosaki Harima Corp. | 2,100 | 93,722 | |||
KRS Corp. | 3,000 | 48,101 | |||
K’s Holdings Corp. | 27,600 | 301,688 | |||
KU Holdings Company, Ltd. | 3,500 | 31,963 | |||
Kumagai Gumi Company, Ltd. | 12,800 | 312,566 | |||
Kumiai Chemical Industry Company, Ltd. | 15,690 | 129,647 | |||
Kunimine Industries Company, Ltd. | 2,100 | 20,877 | |||
Kurabo Industries, Ltd. | 5,000 | 88,485 | |||
Kureha Corp. | 5,900 | 402,202 | |||
Kurimoto, Ltd. | 3,300 | 49,420 | |||
Kuriyama Holdings Corp. | 6,900 | 54,626 | |||
Kusuri no Aoki Holdings Company, Ltd. | 4,100 | 287,403 | |||
KVK Corp. | 1,500 | 31,074 | |||
KYB Corp. (A) | 7,600 | 214,542 | |||
Kyoden Company, Ltd. | 10,400 | 32,952 | |||
Kyodo Printing Company, Ltd. | 2,200 | 52,645 | |||
Kyoei Steel, Ltd. | 8,600 | 114,304 | |||
Kyokuto Boeki Kaisha, Ltd. | 2,700 | 58,787 | |||
Kyokuto Kaihatsu Kogyo Company, Ltd. | 12,800 | 192,108 | |||
Kyokuto Securities Company, Ltd. | 9,900 | 72,294 | |||
Kyokuyo Company, Ltd. | 3,800 | 104,108 | |||
KYORIN Holdings, Inc. | 15,400 | 255,264 | |||
Kyoritsu Printing Company, Ltd. | 9,100 | 14,566 | |||
Kyosan Electric Manufacturing Company, Ltd. | 18,000 | 77,160 | |||
Kyowa Electronic Instruments Company, Ltd. | 11,400 | 39,572 | |||
Kyowa Leather Cloth Company, Ltd. | 5,000 | 31,047 | |||
Kyudenko Corp. | 5,700 | 204,955 | |||
Kyushu Financial Group, Inc. | 75,800 | 294,049 | |||
Kyushu Leasing Service Company, Ltd. | 5,600 | 30,531 | |||
LAC Company, Ltd. | 4,100 | 36,272 | |||
Lacto Japan Company, Ltd. (B) | 2,600 | 64,157 | |||
LEC, Inc. | 8,500 | 85,440 | |||
Legs Company, Ltd. | 1,000 | 19,810 | |||
Life Corp. | 3,900 | 154,053 |
51 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Japan (continued) | |||||
LIFULL Company, Ltd. | 22,900 | $72,353 | |||
Like Company, Ltd. (B) | 3,100 | 50,458 | |||
Linical Company, Ltd. | 4,600 | 34,195 | |||
Link And Motivation, Inc. | 8,500 | 79,101 | |||
Lintec Corp. | 16,300 | 369,127 | |||
Litalico, Inc. | 2,900 | 146,190 | |||
Locondo, Inc. | 3,100 | 38,669 | |||
Lonseal Corp. | 500 | 6,825 | |||
Look Holdings, Inc. | 3,600 | 43,511 | |||
LTS, Inc. (A) | 400 | 12,752 | |||
M&A Capital Partners Company, Ltd. (A) | 4,300 | 208,598 | |||
Mabuchi Motor Company, Ltd. | 2,400 | 83,917 | |||
Macnica Fuji Electronics Holdings, Inc. | 18,100 | 435,404 | |||
Macromill, Inc. | 12,600 | 86,555 | |||
Maeda Corp. | 51,200 | 376,946 | |||
Maeda Kosen Company, Ltd. | 7,000 | 209,780 | |||
Maeda Road Construction Company, Ltd. | 14,700 | 246,676 | |||
Maezawa Industries, Inc. | 5,000 | 32,083 | |||
Maezawa Kasei Industries Company, Ltd. | 5,500 | 63,252 | |||
Maezawa Kyuso Industries Company, Ltd. | 7,200 | 67,066 | |||
Makino Milling Machine Company, Ltd. | 8,415 | 313,284 | |||
Management Solutions Company, Ltd. (A)(B) | 2,900 | 74,929 | |||
Mandom Corp. | 6,800 | 102,866 | |||
Mani, Inc. | 20,600 | 407,278 | |||
MarkLines Company, Ltd. | 3,700 | 97,520 | |||
Mars Group Holdings Corp. | 5,300 | 81,462 | |||
Marubun Corp. | 7,700 | 49,258 | |||
Marudai Food Company, Ltd. | 7,700 | 124,430 | |||
Marufuji Sheet Piling Company, Ltd. | 300 | 5,609 | |||
Maruha Nichiro Corp. | 15,181 | 350,328 | |||
Maruichi Steel Tube, Ltd. | 7,700 | 189,320 | |||
Maruka Corp. | 2,600 | 62,757 | |||
Marumae Company, Ltd. (B) | 3,000 | 54,480 | |||
Marusan Securities Company, Ltd. | 25,061 | 142,656 | |||
Maruwa Company, Ltd. | 3,100 | 299,321 | |||
Maruwa Unyu Kikan Company, Ltd. (B) | 9,500 | 125,777 | |||
Maruyama Manufacturing Company, Inc. | 900 | 13,199 | |||
Maruzen CHI Holdings Company, Ltd. | 4,800 | 16,644 | |||
Maruzen Company, Ltd. | 4,100 | 80,030 | |||
Maruzen Showa Unyu Company, Ltd. | 5,300 | 163,826 | |||
Marvelous, Inc. | 12,700 | 79,385 | |||
Matching Service Japan Company, Ltd. | 3,100 | 29,243 | |||
Matsuda Sangyo Company, Ltd. | 6,020 | 159,791 | |||
Matsui Construction Company, Ltd. | 8,500 | 58,985 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 52 |
Shares | Value | ||||
Japan (continued) | |||||
Matsui Securities Company, Ltd. | 31,800 | $231,892 | |||
Matsuoka Corp. | 900 | 11,668 | |||
Matsuyafoods Holdings Company, Ltd. | 2,900 | 94,439 | |||
Max Company, Ltd. | 5,400 | 94,534 | |||
Maxell Holdings, Ltd. (A) | 18,600 | 218,667 | |||
Maxvalu Nishinihon Company, Ltd. | 1,400 | 23,540 | |||
Maxvalu Tokai Company, Ltd. | 2,600 | 60,367 | |||
MCJ Company, Ltd. | 24,600 | 274,111 | |||
MEC Company, Ltd. | 4,900 | 149,501 | |||
Media Do Company, Ltd. | 2,600 | 125,980 | |||
Medical Data Vision Company, Ltd. (B) | 8,300 | 129,980 | |||
Medical System Network Company, Ltd. | 6,600 | 47,233 | |||
Medikit Company, Ltd. | 900 | 24,704 | |||
Medius Holdings Company, Ltd. | 2,500 | 20,756 | |||
MedPeer, Inc. (A) | 4,500 | 173,750 | |||
Megachips Corp. | 5,900 | 180,166 | |||
Megmilk Snow Brand Company, Ltd. | 18,000 | 377,269 | |||
Meidensha Corp. | 12,817 | 286,105 | |||
Meiho Facility Works, Ltd. | 1,400 | 11,605 | |||
Meiji Electric Industries Company, Ltd. | 2,800 | 34,610 | |||
Meiji Shipping Company, Ltd. | 6,300 | 42,379 | |||
Meiko Electronics Company, Ltd. | 7,500 | 187,717 | |||
Meiko Network Japan Company, Ltd. | 2,800 | 14,601 | |||
Meisei Industrial Company, Ltd. | 14,700 | 99,841 | |||
Meitec Corp. | 8,000 | 466,147 | |||
Meito Sangyo Company, Ltd. | 3,500 | 55,204 | |||
Meiwa Corp. | 10,600 | 44,973 | |||
Melco Holdings, Inc. | 1,500 | 70,781 | |||
Members Company, Ltd. (B) | 2,700 | 80,773 | |||
Menicon Company, Ltd. | 4,300 | 352,354 | |||
Mercuria Holdings Company, Ltd. | 1,700 | 11,325 | |||
METAWATER Company, Ltd. | 8,000 | 138,205 | |||
Micronics Japan Company, Ltd. | 8,700 | 113,745 | |||
Midac Company, Ltd. | 800 | 32,289 | |||
Mie Kotsu Group Holdings, Inc. | 19,600 | 89,224 | |||
Mikuni Corp. | 8,400 | 23,953 | |||
Milbon Company, Ltd. | 8,520 | 529,450 | |||
Mimaki Engineering Company, Ltd. (A) | 900 | 7,491 | |||
Mimasu Semiconductor Industry Company, Ltd. | 5,800 | 123,303 | |||
Ministop Company, Ltd. (B) | 5,200 | 67,129 | |||
Minkabu The Infonoid, Inc. (A) | 300 | 11,205 | |||
Miraial Company, Ltd. | 3,700 | 43,416 | |||
Mirainovate Company, Ltd. (A)(B) | 148,000 | 33,643 | |||
Mirait Holdings Corp. | 30,020 | 597,187 |
53 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Japan (continued) | |||||
Miroku Jyoho Service Company, Ltd. | 6,100 | $91,254 | |||
Mitani Corp. | 4,200 | 298,504 | |||
Mitani Sangyo Company, Ltd. | 8,100 | 27,951 | |||
Mitani Sekisan Company, Ltd. (B) | 3,200 | 183,665 | |||
Mito Securities Company, Ltd. | 24,200 | 66,814 | |||
Mitsuba Corp. (A) | 14,600 | 87,311 | |||
Mitsubishi Kakoki Kaisha, Ltd. (B) | 2,600 | 57,933 | |||
Mitsubishi Logisnext Company, Ltd. | 10,700 | 93,928 | |||
Mitsubishi Logistics Corp. | 5,700 | 162,247 | |||
Mitsubishi Paper Mills, Ltd. (A) | 13,838 | 44,734 | |||
Mitsubishi Pencil Company, Ltd. | 9,300 | 122,780 | |||
Mitsubishi Research Institute, Inc. | 2,500 | 96,986 | |||
Mitsubishi Shokuhin Company, Ltd. | 5,900 | 154,388 | |||
Mitsubishi Steel Manufacturing Company, Ltd. (A) | 6,800 | 77,914 | |||
Mitsuboshi Belting, Ltd. | 10,100 | 184,633 | |||
Mitsui DM Sugar Holdings Company, Ltd. | 7,300 | 128,405 | |||
Mitsui E&S Holdings Company, Ltd. (A) | 29,900 | 125,306 | |||
Mitsui High-Tec, Inc. | 6,600 | 378,499 | |||
Mitsui Matsushima Holdings Company, Ltd. | 6,500 | 77,784 | |||
Mitsui Mining & Smelting Company, Ltd. | 20,800 | 630,860 | |||
Mitsui-Soko Holdings Company, Ltd. | 8,000 | 194,717 | |||
Mitsuuroko Group Holdings Company, Ltd. | 10,800 | 127,342 | |||
Mixi, Inc. | 14,800 | 339,907 | |||
Miyaji Engineering Group, Inc. | 2,600 | 62,724 | |||
Miyoshi Oil & Fat Company, Ltd. | 2,600 | 30,253 | |||
Mizuho Leasing Company, Ltd. | 10,600 | 338,623 | |||
Mizuho Medy Company, Ltd. | 1,300 | 40,118 | |||
Mizuno Corp. | 7,400 | 175,832 | |||
Mobile Factory, Inc. (A) | 2,400 | 22,861 | |||
Mochida Pharmaceutical Company, Ltd. | 4,700 | 156,527 | |||
Modec, Inc. | 8,400 | 123,778 | |||
Molitec Steel Company, Ltd. | 6,100 | 24,922 | |||
Monex Group, Inc. | 55,900 | 297,427 | |||
MORESCO Corp. | 3,000 | 30,855 | |||
Mori-Gumi Company, Ltd. | 3,900 | 10,801 | |||
Morinaga & Company, Ltd. | 11,100 | 389,282 | |||
Morinaga Milk Industry Company, Ltd. | 3,900 | 246,084 | |||
Moriroku Holdings Company, Ltd. | 2,700 | 51,999 | |||
Morita Holdings Corp. | 11,100 | 155,926 | |||
Morito Company, Ltd. | 9,500 | 59,136 | |||
Morningstar Japan KK | 10,800 | 47,654 | |||
Morozoff, Ltd. | 1,000 | 49,646 | |||
Morpho, Inc. (A) | 900 | 9,690 | |||
Mortgage Service Japan, Ltd. | 2,400 | 23,109 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 54 |
Shares | Value | ||||
Japan (continued) | |||||
Mory Industries, Inc. | 2,200 | $47,008 | |||
MRK Holdings, Inc. | 7,900 | 9,757 | |||
MrMax Holdings, Ltd. | 11,300 | 64,903 | |||
MTG Company, Ltd. (A) | 2,400 | 33,941 | |||
MTI, Ltd. | 8,800 | 56,913 | |||
Mugen Estate Company, Ltd. | 4,300 | 18,684 | |||
m-up Holdings, Inc. | 2,200 | 60,941 | |||
Murakami Corp. | 2,600 | 70,383 | |||
Musashi Company, Ltd. | 900 | 17,251 | |||
Musashi Seimitsu Industry Company, Ltd. | 16,800 | 295,864 | |||
Mutoh Holdings Company, Ltd. | 600 | 8,569 | |||
NAC Company, Ltd. | 3,500 | 29,580 | |||
Nachi-Fujikoshi Corp. | 4,600 | 179,751 | |||
Nadex Company, Ltd. | 1,200 | 8,270 | |||
Nafco Company, Ltd. | 5,000 | 82,625 | |||
Nagaileben Company, Ltd. | 4,500 | 104,449 | |||
Nagano Keiki Company, Ltd. | 5,500 | 55,515 | |||
Nagase & Company, Ltd. | 36,900 | 608,616 | |||
Nagatanien Holdings Company, Ltd. | 4,500 | 87,299 | |||
Nagawa Company, Ltd. | 2,300 | 224,628 | |||
Naigai Tec Corp. | 600 | 14,962 | |||
Naigai Trans Line, Ltd. | 2,800 | 54,033 | |||
Nakabayashi Company, Ltd. | 8,300 | 43,872 | |||
Nakamoto Packs Company, Ltd. | 800 | 12,190 | |||
Nakamuraya Company, Ltd. | 1,600 | 55,391 | |||
Nakanishi, Inc. | 9,200 | 207,994 | |||
Nakano Corp. | 7,900 | 26,061 | |||
Nakano Refrigerators Company, Ltd. | 300 | 14,853 | |||
Nakayama Steel Works, Ltd. | 10,000 | 45,849 | |||
Nakayamafuku Company, Ltd. | 4,400 | 16,432 | |||
Nakayo, Inc. | 1,000 | 12,906 | |||
Namura Shipbuilding Company, Ltd. (A) | 21,772 | 42,841 | |||
Nankai Electric Railway Company, Ltd. | 12,100 | 259,661 | |||
Narasaki Sangyo Company, Ltd. | 1,600 | 30,270 | |||
Natori Company, Ltd. | 4,000 | 70,972 | |||
NEC Capital Solutions, Ltd. | 3,800 | 73,226 | |||
NEC Networks & System Integration Corp. | 3,100 | 59,092 | |||
NEOJAPAN, Inc. | 800 | 11,279 | |||
Neturen Company, Ltd. | 15,300 | 87,037 | |||
New Art Holdings Company, Ltd. | 1,800 | 18,029 | |||
New Japan Chemical Company, Ltd. | 8,300 | 21,321 | |||
Nextage Company, Ltd. | 12,100 | 240,540 | |||
NexTone, Inc. (A) | 1,100 | 33,099 | |||
NF Holdings Corp. | 2,500 | 37,135 |
55 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Japan (continued) | |||||
NFC Holdings, Inc. | 600 | $9,533 | |||
NHK Spring Company, Ltd. | 54,600 | 391,637 | |||
Nicca Chemical Company, Ltd. | 2,500 | 24,428 | |||
Nice Corp. | 2,300 | 39,971 | |||
Nichia Steel Works, Ltd. | 11,800 | 31,514 | |||
Nichias Corp. | 21,300 | 564,915 | |||
Nichiban Company, Ltd. | 4,700 | 76,522 | |||
Nichicon Corp. | 18,173 | 180,273 | |||
Nichiden Corp. | 6,200 | 136,524 | |||
Nichiha Corp. | 9,300 | 273,647 | |||
Nichi-iko Pharmaceutical Company, Ltd. | 15,600 | 120,709 | |||
Nichimo Company, Ltd. | 700 | 12,763 | |||
Nichireki Company, Ltd. | 9,400 | 109,850 | |||
Nichirin Company, Ltd. | 3,890 | 60,537 | |||
Nihon Chouzai Company, Ltd. | 4,960 | 78,088 | |||
Nihon Dengi Company, Ltd. | 1,400 | 48,716 | |||
Nihon Denkei Company, Ltd. | 1,400 | 21,867 | |||
Nihon Flush Company, Ltd. (B) | 7,000 | 80,621 | |||
Nihon House Holdings Company, Ltd. | 16,800 | 64,704 | |||
Nihon Kagaku Sangyo Company, Ltd. | 3,200 | 40,717 | |||
Nihon Kohden Corp. | 1,200 | 40,272 | |||
Nihon Nohyaku Company, Ltd. | 15,800 | 78,059 | |||
Nihon Parkerizing Company, Ltd. | 30,400 | 317,393 | |||
Nihon Plast Company, Ltd. | 7,300 | 41,885 | |||
Nihon Tokushu Toryo Company, Ltd. | 5,000 | 48,116 | |||
Nihon Trim Company, Ltd. | 800 | 27,604 | |||
Nihon Yamamura Glass Company, Ltd. | 2,800 | 23,719 | |||
Niitaka Company, Ltd. | 800 | 16,373 | |||
Nikkato Corp. | 2,200 | 14,099 | |||
Nikkiso Company, Ltd. | 19,500 | 158,423 | |||
Nikko Company, Ltd. (B) | 11,600 | 71,231 | |||
Nikkon Holdings Company, Ltd. | 21,400 | 446,624 | |||
Nippi, Inc. | 400 | 12,942 | |||
Nippn Corp. | 18,500 | 271,883 | |||
Nippon Air Conditioning Services Company, Ltd. | 12,100 | 79,246 | |||
Nippon Aqua Company, Ltd. | 2,800 | 14,771 | |||
Nippon Avionics Company, Ltd. (A) | 300 | 7,700 | |||
Nippon Beet Sugar Manufacturing Company, Ltd. | 4,800 | 71,824 | |||
Nippon Carbide Industries Company, Inc. | 2,500 | 29,942 | |||
Nippon Carbon Company, Ltd. | 3,700 | 139,459 | |||
Nippon Ceramic Company, Ltd. | 4,600 | 126,091 | |||
Nippon Chemical Industrial Company, Ltd. | 2,500 | 75,498 | |||
Nippon Chemi-Con Corp. (A) | 6,927 | 136,010 | |||
Nippon Chemiphar Company, Ltd. | 1,100 | 22,282 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 56 |
Shares | Value | ||||
Japan (continued) | |||||
Nippon Coke & Engineering Company, Ltd. | 81,800 | $93,608 | |||
Nippon Commercial Development Company, Ltd. (B) | 3,700 | 56,819 | |||
Nippon Concept Corp. | 3,300 | 62,829 | |||
Nippon Concrete Industries Company, Ltd. | 18,600 | 51,155 | |||
Nippon Denko Company, Ltd. | 43,800 | 130,392 | |||
Nippon Densetsu Kogyo Company, Ltd. | 12,900 | 218,302 | |||
Nippon Dry-Chemical Company, Ltd. | 900 | 16,753 | |||
Nippon Electric Glass Company, Ltd. | 25,700 | 548,358 | |||
Nippon Felt Company, Ltd. | 5,500 | 22,145 | |||
Nippon Filcon Company, Ltd. | 5,600 | 25,793 | |||
Nippon Fine Chemical Company, Ltd. | 4,400 | 83,783 | |||
Nippon Gas Company, Ltd. | 34,800 | 493,966 | |||
Nippon Hume Corp. | 8,600 | 57,750 | |||
Nippon Kanzai Company, Ltd. | 2,100 | 50,727 | |||
Nippon Kayaku Company, Ltd. | 26,700 | 295,421 | |||
Nippon Kodoshi Corp. (B) | 2,000 | 59,473 | |||
Nippon Koei Company, Ltd. | 5,300 | 149,305 | |||
Nippon Light Metal Holdings Company, Ltd. | 20,420 | 357,966 | |||
Nippon Paper Industries Company, Ltd. | 36,500 | 406,140 | |||
Nippon Parking Development Company, Ltd. | 73,000 | 110,725 | |||
Nippon Pillar Packing Company, Ltd. | 8,600 | 202,116 | |||
Nippon Piston Ring Company, Ltd. | 3,400 | 43,725 | |||
Nippon Rietec Company, Ltd. | 3,000 | 46,040 | |||
Nippon Seiki Company, Ltd. | 18,100 | 201,756 | |||
Nippon Seisen Company, Ltd. | 1,600 | 72,407 | |||
Nippon Sharyo, Ltd. | 3,000 | 57,348 | |||
Nippon Sheet Glass Company, Ltd. (A) | 7,300 | 37,813 | |||
Nippon Signal Company, Ltd. | 18,400 | 155,017 | |||
Nippon Soda Company, Ltd. | 8,600 | 275,049 | |||
Nippon Steel Trading Corp. | 5,468 | 249,796 | |||
Nippon Suisan Kaisha, Ltd. | 105,600 | 582,016 | |||
Nippon Systemware Company, Ltd. | 3,800 | 81,304 | |||
Nippon Thompson Company, Ltd. | 23,600 | 121,672 | |||
Nippon Yakin Kogyo Company, Ltd. | 5,920 | 144,708 | |||
Nipro Corp. | 40,300 | 468,753 | |||
Nireco Corp. | 1,900 | 14,992 | |||
Nishikawa Rubber Company, Ltd. | 5,200 | 77,764 | |||
Nishimatsu Construction Company, Ltd. | 19,200 | 605,008 | |||
Nishimatsuya Chain Company, Ltd. (B) | 13,000 | 156,220 | |||
Nishimoto Company, Ltd. | 1,500 | 51,563 | |||
Nishi-Nippon Financial Holdings, Inc. | 47,500 | 299,765 | |||
Nishi-Nippon Railroad Company, Ltd. | 13,800 | 340,791 | |||
Nishio Rent All Company, Ltd. | 6,700 | 177,739 | |||
Nissan Shatai Company, Ltd. | 22,700 | 152,668 |
57 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Japan (continued) | |||||
Nissan Tokyo Sales Holdings Company, Ltd. | 8,300 | $18,403 | |||
Nissei ASB Machine Company, Ltd. | 2,800 | 107,652 | |||
Nissei Corp. | 1,100 | 10,500 | |||
Nissei Plastic Industrial Company, Ltd. | 7,100 | 74,676 | |||
Nissha Company, Ltd. | 15,200 | 245,344 | |||
Nisshin Group Holdings Company, Ltd. | 14,000 | 63,926 | |||
Nisshinbo Holdings, Inc. | 50,057 | 415,386 | |||
Nissin Corp. | 6,700 | 92,684 | |||
Nissin Electric Company, Ltd. | 19,300 | 219,215 | |||
Nissin Sugar Company, Ltd. | 4,100 | 62,987 | |||
Nisso Corp. | 4,000 | 27,355 | |||
Nissui Pharmaceutical Company, Ltd. | 3,800 | 34,595 | |||
Nitta Corp. | 8,100 | 202,702 | |||
Nitta Gelatin, Inc. | 3,400 | 19,341 | |||
Nittetsu Mining Company, Ltd. | 2,000 | 121,178 | |||
Nitto Boseki Company, Ltd. | 5,900 | 185,953 | |||
Nitto Fuji Flour Milling Company, Ltd. | 400 | 24,104 | |||
Nitto Kogyo Corp. | 10,200 | 160,533 | |||
Nitto Kohki Company, Ltd. | 3,400 | 61,289 | |||
Nitto Seiko Company, Ltd. | 12,400 | 70,272 | |||
Nittoc Construction Company, Ltd. | 9,000 | 59,179 | |||
NJS Company, Ltd. | 2,800 | 47,689 | |||
Noda Corp. | 2,500 | 17,132 | |||
Noevir Holdings Company, Ltd. | 5,300 | 281,263 | |||
Nohmi Bosai, Ltd. | 6,200 | 120,254 | |||
Nojima Corp. | 11,800 | 290,527 | |||
NOK Corp. | 12,500 | 153,295 | |||
Nomura Company, Ltd. | 6,300 | 51,661 | |||
Nomura Micro Science Company, Ltd. (B) | 2,000 | 88,060 | |||
Noritake Company, Ltd. | 3,800 | 146,641 | |||
Noritsu Koki Company, Ltd. | 6,800 | 147,057 | |||
Noritz Corp. | 11,800 | 203,272 | |||
North Pacific Bank, Ltd. | 98,400 | 226,943 | |||
Nozawa Corp. | 2,600 | 16,467 | |||
NS Tool Company, Ltd. | 5,400 | 69,254 | |||
NS United Kaiun Kaisha, Ltd. | 3,800 | 126,052 | |||
NSD Company, Ltd. | 25,012 | 465,289 | |||
NTN Corp. (A) | 151,900 | 347,485 | |||
Obara Group, Inc. (B) | 4,200 | 147,770 | |||
Oenon Holdings, Inc. | 17,500 | 59,969 | |||
Ohara, Inc. | 2,700 | 33,025 | |||
Ohashi Technica, Inc. | 4,100 | 55,157 | |||
Ohba Company, Ltd. | 2,200 | 16,405 | |||
Ohizumi Manufacturing Company, Ltd. | 600 | 5,895 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 58 |
Shares | Value | ||||
Japan (continued) | |||||
Ohki Healthcare Holdings Company, Ltd. | 1,100 | $9,595 | |||
Ohmoto Gumi Company, Ltd. | 700 | 35,877 | |||
Ohsho Food Service Corp. | 4,500 | 242,396 | |||
Oiles Corp. | 8,672 | 127,905 | |||
Oisix ra daichi, Inc. (A) | 6,200 | 209,810 | |||
Okabe Company, Ltd. | 14,300 | 85,877 | |||
Okada Aiyon Corp. | 2,200 | 26,172 | |||
Okamoto Industries, Inc. | 4,100 | 155,388 | |||
Okamoto Machine Tool Works, Ltd. | 1,300 | 61,864 | |||
Okamura Corp. | 20,100 | 309,176 | |||
Okasan Securities Group, Inc. | 58,700 | 217,592 | |||
Okaya Electric Industries Company, Ltd. | 2,700 | 8,751 | |||
Oki Electric Industry Company, Ltd. | 29,700 | 266,429 | |||
Okinawa Cellular Telephone Company | 4,100 | 193,962 | |||
OKUMA Corp. | 8,676 | 414,926 | |||
Okumura Corp. | 9,500 | 260,484 | |||
Okura Industrial Company, Ltd. | 3,400 | 69,709 | |||
Okuwa Company, Ltd. | 8,900 | 89,901 | |||
Olympic Group Corp. | 3,100 | 21,391 | |||
Onoken Company, Ltd. | 7,100 | 102,545 | |||
Onward Holdings Company, Ltd. | 40,200 | 105,505 | |||
Optex Group Company, Ltd. | 9,700 | 129,545 | |||
Optim Corp. (A)(B) | 4,000 | 80,925 | |||
Optorun Company, Ltd. | 7,500 | 154,023 | |||
Organo Corp. | 2,500 | 144,327 | |||
Oricon, Inc. | 1,200 | 11,524 | |||
Orient Corp. | 103,000 | 140,309 | |||
Oriental Shiraishi Corp. (A) | 46,600 | 115,926 | |||
Origin Company, Ltd. | 2,200 | 25,808 | |||
Oro Company, Ltd. | 2,100 | 70,568 | |||
Osaka Organic Chemical Industry, Ltd. | 5,600 | 197,055 | |||
Osaka Soda Company, Ltd. | 5,800 | 140,573 | |||
Osaka Steel Company, Ltd. | 5,800 | 64,859 | |||
OSAKA Titanium Technologies Company, Ltd. (A) | 7,500 | 53,784 | |||
Osaki Electric Company, Ltd. | 18,300 | 93,061 | |||
OSG Corp. | 24,300 | 436,166 | |||
OUG Holdings, Inc. | 1,700 | 46,090 | |||
Outsourcing, Inc. | 39,900 | 680,179 | |||
OYO Corp. | 7,300 | 88,886 | |||
Ozu Corp. (B) | 2,000 | 34,853 | |||
Pacific Industrial Company, Ltd. | 16,800 | 191,801 | |||
Pacific Metals Company, Ltd. | 6,700 | 103,262 | |||
PAL GROUP Holdings Company, Ltd. | 3,400 | 51,698 | |||
PAPYLESS Company, Ltd. | 1,300 | 17,926 |
59 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Japan (continued) | |||||
Paraca, Inc. | 2,500 | $41,878 | |||
Paramount Bed Holdings Company, Ltd. | 15,000 | 289,763 | |||
Paris Miki Holdings, Inc. | 9,700 | 23,519 | |||
Parker Corp. | 4,000 | 20,123 | |||
Pasona Group, Inc. | 7,800 | 188,898 | |||
PC Depot Corp. | 12,000 | 51,232 | |||
PCA Corp. (B) | 1,200 | 59,324 | |||
PCI Holdings, Inc. | 1,600 | 16,093 | |||
Pegasus Sewing Machine Manufacturing Company, Ltd. | 7,800 | 30,108 | |||
Penta-Ocean Construction Company, Ltd. | 76,500 | 485,544 | |||
Pickles Corp. | 4,200 | 71,661 | |||
Pilot Corp. | 5,000 | 192,453 | |||
Piolax, Inc. | 12,000 | 166,278 | |||
Pipedo HD, Inc. | 700 | 14,961 | |||
Plenus Company, Ltd. | 5,300 | 97,092 | |||
Poletowin Pitcrew Holdings, Inc. | 10,400 | 103,815 | |||
Precision System Science Company, Ltd. (A)(B) | 7,400 | 47,769 | |||
Premium Group Company, Ltd. | 3,800 | 118,733 | |||
Premium Water Holdings, Inc. (A) | 900 | 23,428 | |||
Press Kogyo Company, Ltd. | 35,700 | 112,205 | |||
Pressance Corp. | 6,300 | 98,824 | |||
Prestige International, Inc. | 34,100 | 233,447 | |||
Prima Meat Packers, Ltd. | 9,300 | 251,931 | |||
Pronexus, Inc. | 6,000 | 56,090 | |||
Properst Company, Ltd. | 9,300 | 11,891 | |||
Property Agent, Inc. | 400 | 10,706 | |||
Prored Partners Company, Ltd. (A) | 1,700 | 37,462 | |||
Pro-Ship, Inc. | 1,900 | 27,353 | |||
Proto Corp. | 10,200 | 137,297 | |||
PS Mitsubishi Construction Company, Ltd. | 8,400 | 49,484 | |||
Punch Industry Company, Ltd. | 6,700 | 33,695 | |||
QB Net Holdings Company, Ltd. (A) | 3,200 | 51,344 | |||
Qol Holdings Company, Ltd. | 9,400 | 133,241 | |||
Quick Company, Ltd. | 5,200 | 64,868 | |||
Raccoon Holdings, Inc. | 5,700 | 117,095 | |||
Raito Kogyo Company, Ltd. | 16,300 | 284,743 | |||
Raiznext Corp. | 13,000 | 130,875 | |||
RareJob, Inc. | 700 | 8,679 | |||
Rasa Corp. | 2,900 | 23,937 | |||
Rasa Industries, Ltd. | 2,800 | 48,288 | |||
Raysum Company, Ltd. (B) | 6,600 | 49,518 | |||
Relia, Inc. | 13,500 | 146,266 | |||
Renaissance, Inc. | 1,000 | 10,654 | |||
RenetJapanGroup, Inc. (A) | 1,500 | 9,384 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 60 |
Shares | Value | ||||
Japan (continued) | |||||
Resol Holdings Company, Ltd. | 300 | $10,824 | |||
Resorttrust, Inc. | 29,600 | 512,067 | |||
Restar Holdings Corp. | 3,600 | 62,938 | |||
Retail Partners Company, Ltd. (B) | 7,500 | 81,093 | |||
Rever Holdings Corp. | 1,300 | 15,759 | |||
Rheon Automatic Machinery Company, Ltd. | 7,800 | 105,384 | |||
Rhythm Company, Ltd. | 2,000 | 25,697 | |||
Riberesute Corp. | 2,000 | 14,680 | |||
Ricoh Leasing Company, Ltd. | 5,700 | 189,070 | |||
Ride On Express Holdings Company, Ltd. | 2,400 | 35,797 | |||
Right On Company, Ltd. (A) | 6,300 | 40,905 | |||
Riken Corp. | 3,700 | 88,704 | |||
Riken Keiki Company, Ltd. | 5,400 | 139,402 | |||
Riken Technos Corp. | 16,600 | 86,843 | |||
Riken Vitamin Company, Ltd. | 7,800 | 129,197 | |||
Rion Company, Ltd. | 3,400 | 81,213 | |||
Riso Kagaku Corp. | 3,700 | 78,226 | |||
Riso Kyoiku Company, Ltd. | 42,300 | 153,233 | |||
River Eletec Corp. | 1,100 | 14,616 | |||
Rock Field Company, Ltd. | 6,500 | 91,108 | |||
Rokko Butter Company, Ltd. | 5,800 | 83,522 | |||
Roland Corp. | 3,300 | 150,536 | |||
Roland DG Corp. | 5,400 | 140,268 | |||
Rorze Corp. | 3,100 | 243,754 | |||
Rozetta Corp. (B) | 1,800 | 22,094 | |||
RS Technologies Company, Ltd. | 1,500 | 84,948 | |||
Ryobi, Ltd. | 8,800 | 104,081 | |||
Ryoden Corp. | 6,200 | 100,601 | |||
Ryosan Company, Ltd. | 7,729 | 156,396 | |||
Ryoyo Electro Corp. | 500 | 10,414 | |||
S Foods, Inc. | 6,600 | 190,109 | |||
S LINE Company, Ltd. | 2,000 | 16,458 | |||
S&B Foods, Inc. | 2,100 | 87,125 | |||
Sac’s Bar Holdings, Inc. | 7,300 | 36,122 | |||
Sagami Rubber Industries Company, Ltd. | 2,000 | 20,046 | |||
Saibu Gas Holdings Company, Ltd. | 9,500 | 211,149 | |||
Saint-Care Holding Corp. | 3,300 | 28,315 | |||
Saison Information Systems Company, Ltd. | 1,000 | 17,956 | |||
Saizeriya Company, Ltd. | 10,500 | 238,221 | |||
Sakai Chemical Industry Company, Ltd. | 5,200 | 100,638 | |||
Sakai Heavy Industries, Ltd. | 1,600 | 35,665 | |||
Sakai Moving Service Company, Ltd. | 3,600 | 158,978 | |||
Sakai Ovex Company, Ltd. | 2,000 | 69,176 | |||
Sakata INX Corp. | 17,500 | 181,452 |
61 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Japan (continued) | |||||
Sakura Internet, Inc. | 4,500 | $25,506 | |||
Sala Corp. (B) | 18,800 | 103,487 | |||
SAMTY Company, Ltd. | 12,000 | 252,244 | |||
San Holdings, Inc. | 4,600 | 59,535 | |||
San ju San Financial Group, Inc. | 8,020 | 106,048 | |||
San-A Company, Ltd. | 6,400 | 235,475 | |||
San-Ai Oil Company, Ltd. | 23,600 | 294,219 | |||
Sanei Architecture Planning Company, Ltd. | 4,100 | 70,083 | |||
Sangetsu Corp. | 12,700 | 185,670 | |||
Sanix, Inc. (A) | 12,300 | 36,964 | |||
Sanken Electric Company, Ltd. (A) | 4,887 | 240,494 | |||
Sanki Engineering Company, Ltd. | 15,500 | 210,523 | |||
Sanko Gosei, Ltd. | 3,100 | 12,459 | |||
Sanko Metal Industrial Company, Ltd. | 600 | 12,685 | |||
Sankyo Company, Ltd. | 10,600 | 269,948 | |||
Sankyo Frontier Company, Ltd. | 1,300 | 59,523 | |||
Sankyo Seiko Company, Ltd. | 10,400 | 49,176 | |||
Sankyo Tateyama, Inc. | 9,600 | 65,621 | |||
Sanoh Industrial Company, Ltd. | 8,800 | 89,500 | |||
Sanoyas Holdings Corp. | 9,400 | 12,298 | |||
Sansan, Inc. (A) | 2,200 | 234,397 | |||
Sansei Landic Company, Ltd. | 1,100 | 8,115 | |||
Sansei Technologies, Inc. | 3,900 | 27,731 | |||
Sansha Electric Manufacturing Company, Ltd. | 4,100 | 35,063 | |||
Sanshin Electronics Company, Ltd. | 4,200 | 62,343 | |||
Santec Corp. | 1,700 | 22,381 | |||
Sanyo Chemical Industries, Ltd. | 4,700 | 251,328 | |||
Sanyo Denki Company, Ltd. | 3,300 | 215,226 | |||
Sanyo Electric Railway Company, Ltd. | 6,700 | 120,679 | |||
Sanyo Engineering & Construction, Inc. | 1,900 | 11,758 | |||
Sanyo Shokai, Ltd. (A) | 6,600 | 51,572 | |||
Sanyo Special Steel Company, Ltd. (A) | 7,929 | 130,846 | |||
Sanyo Trading Company, Ltd. | 7,600 | 78,964 | |||
Sapporo Holdings, Ltd. | 23,400 | 504,874 | |||
Sata Construction Company, Ltd. | 1,800 | 7,836 | |||
Sato Holdings Corp. | 10,200 | 249,649 | |||
Sato Shoji Corp. | 6,400 | 67,175 | |||
Satori Electric Company, Ltd. | 5,800 | 45,426 | |||
Sawada Holdings Company, Ltd. (B) | 9,800 | 89,325 | |||
Sawai Group Holdings Company, Ltd. | 9,100 | 411,251 | |||
Saxa Holdings, Inc. | 1,800 | 22,135 | |||
SB Technology Corp. (B) | 3,400 | 96,196 | |||
SBI Insurance Group Company, Ltd. (A) | 2,300 | 27,654 | |||
SBS Holdings, Inc. | 6,200 | 222,882 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 62 |
Shares | Value | ||||
Japan (continued) | |||||
Scala, Inc. | 2,100 | $13,794 | |||
Scroll Corp. (B) | 12,700 | 104,930 | |||
SEC Carbon, Ltd. | 500 | 27,045 | |||
Seed Company, Ltd. | 3,300 | 20,761 | |||
Segue Group Company, Ltd. | 1,000 | 7,383 | |||
Seika Corp. | 3,800 | 59,356 | |||
Seikagaku Corp. | 14,500 | 146,163 | |||
Seikitokyu Kogyo Company, Ltd. | 11,800 | 90,272 | |||
Seiko Holdings Corp. | 10,000 | 198,462 | |||
Seiko PMC Corp. | 5,600 | 44,008 | |||
Seiren Company, Ltd. (B) | 15,900 | 276,356 | |||
Sekisui Jushi Corp. | 10,300 | 204,564 | |||
Sekisui Kasei Company, Ltd. | 9,800 | 53,126 | |||
SEMITEC Corp. | 300 | 23,122 | |||
Senko Group Holdings Company, Ltd. | 39,400 | 346,334 | |||
Senshu Electric Company, Ltd. | 3,100 | 121,844 | |||
Senshu Ikeda Holdings, Inc. | 88,700 | 135,331 | |||
Senshukai Company, Ltd. | 13,900 | 47,359 | |||
Septeni Holdings Company, Ltd. (B) | 23,400 | 86,178 | |||
SERAKU Company, Ltd. (B) | 2,300 | 44,713 | |||
Seven Bank, Ltd. (B) | 120,900 | 275,749 | |||
Shibaura Electronics Company, Ltd. | 2,700 | 121,740 | |||
Shibaura Machine Company, Ltd. | 7,800 | 186,044 | |||
Shibaura Mechatronics Corp. | 1,600 | 96,082 | |||
Shibuya Corp. | 5,600 | 158,582 | |||
Shidax Corp. (A) | 6,600 | 25,467 | |||
Shikibo, Ltd. | 2,100 | 17,592 | |||
Shikoku Chemicals Corp. | 12,800 | 160,314 | |||
Shikoku Electric Power Company, Inc. | 43,300 | 303,641 | |||
Shima Seiki Manufacturing, Ltd. | 10,000 | 189,604 | |||
Shimojima Company, Ltd. | 3,900 | 38,591 | |||
Shin Maint Holdings Company, Ltd. | 1,200 | 12,941 | |||
Shin Nippon Air Technologies Company, Ltd. | 2,700 | 58,306 | |||
Shin Nippon Biomedical Laboratories, Ltd. | 10,300 | 79,494 | |||
Shinagawa Refractories Company, Ltd. | 2,800 | 101,034 | |||
Shindengen Electric Manufacturing Company, Ltd. (A) | 3,400 | 125,301 | |||
Shin-Etsu Polymer Company, Ltd. | 18,400 | 161,937 | |||
Shin-Keisei Electric Railway Company, Ltd. | 2,200 | 42,830 | |||
Shinki Bus Company, Ltd. | 1,300 | 37,436 | |||
Shinko Shoji Company, Ltd. | 10,500 | 75,332 | |||
Shinmaywa Industries, Ltd. | 19,500 | 162,907 | |||
Shinnihon Corp. | 9,600 | 75,186 | |||
Shin-Nihon Tatemono Company, Ltd. | 3,900 | 14,321 | |||
Shinnihonseiyaku Company, Ltd. (B) | 2,700 | 45,925 |
63 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Japan (continued) | |||||
Shinoken Group Company, Ltd. | 6,400 | $64,750 | |||
Shinsho Corp. | 2,100 | 60,875 | |||
Shinwa Company, Ltd. | 4,000 | 82,764 | |||
Shinwa Company, Ltd. (Gifu) | 2,700 | 17,587 | |||
Ship Healthcare Holdings, Inc. | 11,100 | 282,004 | |||
Shizuki Electric Company, Inc. | 5,000 | 28,689 | |||
Shizuoka Gas Company, Ltd. | 19,800 | 230,299 | |||
SHL-Japan, Ltd. | 500 | 12,338 | |||
SHO-BOND Holdings Company, Ltd. | 4,500 | 202,108 | |||
Shobunsha Holdings, Inc. (A) | 4,100 | 18,543 | |||
Shoei Company, Ltd. | 7,600 | 333,544 | |||
Shoei Foods Corp. (B) | 2,900 | 109,626 | |||
Shofu, Inc. | 3,500 | 61,607 | |||
Showa Sangyo Company, Ltd. | 6,300 | 161,298 | |||
Showa Shinku Company, Ltd. | 900 | 12,605 | |||
Sigma Koki Company, Ltd. | 1,800 | 29,106 | |||
SIGMAXYZ, Inc. (B) | 5,300 | 121,914 | |||
Siix Corp. | 11,600 | 134,930 | |||
Silver Life Company, Ltd. (A) | 1,200 | 20,470 | |||
Sinanen Holdings Company, Ltd. | 3,100 | 98,444 | |||
Sinfonia Technology Company, Ltd. | 9,000 | 97,692 | |||
Sinko Industries, Ltd. | 8,100 | 160,732 | |||
Sintokogio, Ltd. | 17,000 | 120,300 | |||
SK Kaken Company, Ltd. | 200 | 77,457 | |||
SK-Electronics Company, Ltd. | 3,800 | 32,203 | |||
SKY Perfect JSAT Holdings, Inc. | 52,200 | 193,534 | |||
Smaregi, Inc. (A) | 1,600 | 60,708 | |||
SMK Corp. | 1,900 | 37,275 | |||
SMS Company, Ltd. | 17,200 | 607,998 | |||
Snow Peak, Inc. (B) | 4,600 | 233,854 | |||
Soda Nikka Company, Ltd. | 5,800 | 30,401 | |||
Sodick Company, Ltd. | 17,100 | 139,034 | |||
Soft99 Corp. (B) | 6,300 | 69,417 | |||
Softcreate Holdings Corp. | 2,100 | 59,079 | |||
Software Service, Inc. | 900 | 71,320 | |||
Soiken Holdings, Inc. | 8,200 | 26,778 | |||
Soken Chemical & Engineering Company, Ltd. | 3,400 | 64,986 | |||
Solasto Corp. | 16,100 | 220,799 | |||
SoldOut, Inc. | 500 | 7,794 | |||
Soliton Systems KK (B) | 3,800 | 52,511 | |||
Solxyz Company, Ltd. | 1,200 | 11,514 | |||
Sotetsu Holdings, Inc. | 17,800 | 357,516 | |||
Sotoh Company, Ltd. | 2,400 | 17,544 | |||
Sourcenext Corp. (B) | 31,500 | 65,465 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 64 |
Shares | Value | ||||
Japan (continued) | |||||
Space Company, Ltd. | 2,970 | $24,419 | |||
Space Value Holdings Company, Ltd. (A) | 12,300 | 93,463 | |||
Sparx Group Company, Ltd. | 33,900 | 84,279 | |||
SPK Corp. | 1,800 | 22,674 | |||
S-Pool, Inc. | 21,400 | 186,034 | |||
Sprix, Ltd. | 900 | 7,592 | |||
SRA Holdings | 4,000 | 100,936 | |||
SRE Holdings Corp. (A) | 700 | 47,867 | |||
ST Corp. | 4,300 | 70,270 | |||
St. Marc Holdings Company, Ltd. | 6,600 | 90,395 | |||
Star Mica Holdings Company, Ltd. | 4,200 | 53,056 | |||
Star Micronics Company, Ltd. | 13,700 | 195,832 | |||
Starts Corp., Inc. | 12,400 | 322,237 | |||
Starzen Company, Ltd. | 5,800 | 118,057 | |||
Stella Chemifa Corp. | 3,500 | 90,555 | |||
Step Company, Ltd. | 2,900 | 46,991 | |||
Strike Company, Ltd. | 2,600 | 96,151 | |||
Studio Alice Company, Ltd. (B) | 4,200 | 85,694 | |||
Subaru Enterprise Company, Ltd. | 500 | 36,246 | |||
Sugimoto & Company, Ltd. | 4,000 | 97,082 | |||
Sumida Corp. | 10,600 | 126,194 | |||
Suminoe Textile Company, Ltd. | 2,199 | 36,470 | |||
Sumiseki Holdings, Inc. | 21,100 | 25,891 | |||
Sumitomo Bakelite Company, Ltd. | 12,900 | 556,106 | |||
Sumitomo Densetsu Company, Ltd. | 5,400 | 108,101 | |||
Sumitomo Mitsui Construction Company, Ltd. | 57,660 | 250,195 | |||
Sumitomo Osaka Cement Company, Ltd. | 12,100 | 328,437 | |||
Sumitomo Precision Products Company, Ltd. (A) | 1,500 | 33,111 | |||
Sumitomo Riko Company, Ltd. | 15,300 | 97,289 | |||
Sumitomo Seika Chemicals Company, Ltd. | 3,600 | 115,242 | |||
Sun Frontier Fudousan Company, Ltd. | 14,200 | 147,342 | |||
Suncall Corp. | 7,800 | 31,964 | |||
Sun-Wa Technos Corp. | 5,400 | 70,406 | |||
SuRaLa Net Company, Ltd. (A) | 1,400 | 34,918 | |||
Suruga Bank, Ltd. | 41,800 | 137,393 | |||
Suzuden Corp. | 1,700 | 23,259 | |||
Suzuki Company, Ltd. | 5,600 | 42,986 | |||
SWCC Showa Holdings Company, Ltd. | 8,300 | 172,628 | |||
System Information Company, Ltd. | 2,200 | 19,298 | |||
System Research Company, Ltd. | 1,400 | 25,692 | |||
Systems Engineering Consultants Company, Ltd. | 600 | 13,400 | |||
Systena Corp. | 18,600 | 377,739 | |||
Syuppin Company, Ltd. | 5,600 | 61,759 | |||
T Hasegawa Company, Ltd. | 12,700 | 322,056 |
65 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Japan (continued) | |||||
T RAD Company, Ltd. | 2,700 | $76,620 | |||
T&K Toka Company, Ltd. | 11,400 | 84,019 | |||
Tachibana Eletech Company, Ltd. | 6,500 | 88,176 | |||
Tachikawa Corp. | 4,800 | 55,779 | |||
Tachi-S Company, Ltd. | 12,400 | 152,847 | |||
Tadano, Ltd. | 36,400 | 396,070 | |||
Taihei Dengyo Kaisha, Ltd. | 5,300 | 129,704 | |||
Taiheiyo Kouhatsu, Inc. | 1,200 | 6,978 | |||
Taiho Kogyo Company, Ltd. | 8,000 | 61,565 | |||
Taikisha, Ltd. | 7,700 | 247,615 | |||
Taiko Pharmaceutical Company, Ltd. (B) | 7,600 | 63,588 | |||
Taisei Lamick Company, Ltd. | 2,500 | 63,145 | |||
Taisei Oncho Company, Ltd. | 500 | 8,670 | |||
Taiyo Holdings Company, Ltd. | 6,000 | 325,249 | |||
Takachiho Koheki Company, Ltd. | 1,300 | 13,940 | |||
Takamatsu Construction Group Company, Ltd. | 5,900 | 111,636 | |||
Takamatsu Machinery Company, Ltd. | 1,100 | 7,301 | |||
Takamiya Company, Ltd. | 9,700 | 42,299 | |||
Takano Company, Ltd. | 2,400 | 16,242 | |||
Takaoka Toko Company, Ltd. | 3,970 | 53,980 | |||
Takara & Company, Ltd. (B) | 3,400 | 54,510 | |||
Takara Holdings, Inc. | 23,700 | 307,154 | |||
Takara Leben Company, Ltd. | 37,000 | 107,630 | |||
Takara Standard Company, Ltd. | 11,600 | 175,069 | |||
Takasago International Corp. | 5,000 | 131,439 | |||
Takasago Thermal Engineering Company, Ltd. | 13,500 | 260,788 | |||
Takashima & Company, Ltd. | 1,400 | 22,501 | |||
Takashimaya Company, Ltd. (B) | 45,300 | 451,606 | |||
Takasho Company, Ltd. | 3,000 | 27,271 | |||
Take And Give Needs Company, Ltd. (A) | 2,580 | 25,379 | |||
TAKEBISHI Corp. | 2,500 | 35,506 | |||
Takeei Corp. | 9,900 | 150,541 | |||
Takemoto Yohki Company, Ltd. | 3,200 | 27,113 | |||
Takeuchi Manufacturing Company, Ltd. | 12,700 | 305,709 | |||
Takihyo Company, Ltd. | 1,900 | 31,070 | |||
Takisawa Machine Tool Company, Ltd. | 2,600 | 26,126 | |||
Takuma Company, Ltd. | 17,700 | 266,727 | |||
Tama Home Company, Ltd. | 5,200 | 116,637 | |||
Tamagawa Holdings Company, Ltd. | 900 | 10,133 | |||
Tamron Company, Ltd. | 6,900 | 165,265 | |||
Tamura Corp. (B) | 28,100 | 188,791 | |||
Tanabe Consulting Company, Ltd. | 900 | 12,284 | |||
Tanabe Engineering Corp. | 1,900 | 15,376 | |||
Tanseisha Company, Ltd. | 13,500 | 107,576 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 66 |
Shares | Value | ||||
Japan (continued) | |||||
Taoka Chemical Company, Ltd. (B) | 500 | $50,936 | |||
Tatsuta Electric Wire & Cable Company, Ltd. | 15,400 | 73,894 | |||
Tayca Corp. | 6,700 | 80,545 | |||
Tazmo Company, Ltd. | 3,200 | 47,570 | |||
TBK Company, Ltd. | 9,100 | 33,631 | |||
TBS Holdings, Inc. | 1,700 | 24,880 | |||
TDC Soft, Inc. | 6,600 | 81,829 | |||
Tear Corp. | 4,900 | 22,741 | |||
TechMatrix Corp. | 12,300 | 220,533 | |||
TECHNO ASSOCIE Company, Ltd. | 2,700 | 25,523 | |||
Techno Horizon Company, Ltd. | 4,100 | 49,780 | |||
Techno Medica Company, Ltd. | 2,400 | 35,436 | |||
Techno Ryowa, Ltd. | 3,800 | 31,388 | |||
Techno Smart Corp. | 3,200 | 41,692 | |||
Tecnos Japan, Inc. | 3,900 | 22,142 | |||
Teikoku Electric Manufacturing Company, Ltd. | 7,200 | 85,412 | |||
Teikoku Sen-I Company, Ltd. | 6,300 | 114,198 | |||
Teikoku Tsushin Kogyo Company, Ltd. | 2,800 | 35,997 | |||
Tekken Corp. | 5,800 | 95,338 | |||
Temairazu, Inc. | 800 | 40,723 | |||
Tenma Corp. | 6,500 | 163,168 | |||
Tenox Corp. | 2,100 | 16,475 | |||
Tera Probe, Inc. (A) | 1,200 | 18,074 | |||
Teraoka Seisakusho Company, Ltd. | 2,900 | 9,458 | |||
Terilogy Company, Ltd. | 4,200 | 18,090 | |||
T-Gaia Corp. | 7,400 | 132,245 | |||
The 77 Bank, Ltd. | 21,100 | 239,184 | |||
The Aichi Bank, Ltd. | 3,600 | 115,235 | |||
The Akita Bank, Ltd. | 6,900 | 91,634 | |||
The Aomori Bank, Ltd. | 8,000 | 157,946 | |||
The Awa Bank, Ltd. | 12,900 | 256,586 | |||
The Bank of Iwate, Ltd. | 6,500 | 100,831 | |||
The Bank of Kochi, Ltd. | 2,600 | 18,567 | |||
The Bank of Nagoya, Ltd. | 5,200 | 125,506 | |||
The Bank of Okinawa, Ltd. | 8,905 | 221,236 | |||
The Bank of Saga, Ltd. | 5,600 | 73,349 | |||
The Bank of Toyama, Ltd. | 1,200 | 21,772 | |||
The Chiba Kogyo Bank, Ltd. | 26,000 | 68,457 | |||
The Chugoku Bank, Ltd. | 51,300 | 413,482 | |||
The Chukyo Bank, Ltd. | 4,800 | 59,173 | |||
The Daito Bank, Ltd. | 2,800 | 15,923 | |||
The Ehime Bank, Ltd. | 14,150 | 100,547 | |||
The First Bank of Toyama, Ltd. | 22,700 | 59,982 | |||
The Fukui Bank, Ltd. | 8,318 | 118,863 |
67 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Japan (continued) | |||||
The Furukawa Battery Company, Ltd. | 5,900 | $86,477 | |||
The Gunma Bank, Ltd. | 126,500 | 407,885 | |||
The Hachijuni Bank, Ltd. | 98,700 | 339,892 | |||
The Hokkoku Bank, Ltd. | 8,600 | 164,827 | |||
The Hyakugo Bank, Ltd. | 87,400 | 257,154 | |||
The Hyakujushi Bank, Ltd. | 9,200 | 133,086 | |||
The Iyo Bank, Ltd. | 70,300 | 376,215 | |||
The Japan Steel Works, Ltd. | 22,200 | 524,242 | |||
The Japan Wool Textile Company, Ltd. | 19,500 | 182,162 | |||
The Juroku Bank, Ltd. | 12,300 | 259,630 | |||
The Keiyo Bank, Ltd. | 43,500 | 175,839 | |||
The Kita-Nippon Bank, Ltd. | 3,500 | 50,232 | |||
The Kiyo Bank, Ltd. | 22,939 | 327,176 | |||
The Michinoku Bank, Ltd. (B) | 7,600 | 61,316 | |||
The Miyazaki Bank, Ltd. | 5,300 | 99,337 | |||
The Monogatari Corp. | 3,000 | 169,260 | |||
The Musashino Bank, Ltd. | 11,800 | 192,816 | |||
The Nagano Bank, Ltd. | 3,900 | 40,842 | |||
The Nanto Bank, Ltd. | 11,800 | 215,878 | |||
The Nippon Road Company, Ltd. | 2,800 | 211,380 | |||
The Nisshin Oillio Group, Ltd. | 9,500 | 264,158 | |||
The Ogaki Kyoritsu Bank, Ltd. | 13,700 | 243,395 | |||
The Oita Bank, Ltd. | 6,200 | 103,362 | |||
The Okinawa Electric Power Company, Inc. | 16,664 | 216,593 | |||
The Pack Corp. | 5,400 | 144,368 | |||
The San-In Godo Bank, Ltd. | 56,000 | 291,475 | |||
The Shibusawa Warehouse Company, Ltd. (B) | 3,500 | 69,007 | |||
The Shiga Bank, Ltd. | 14,900 | 254,429 | |||
The Shikoku Bank, Ltd. | 14,900 | 98,735 | |||
The Shimizu Bank, Ltd. | 3,900 | 57,846 | |||
The Sumitomo Warehouse Company, Ltd. | 20,776 | 337,637 | |||
The Taiko Bank, Ltd. | 3,400 | 41,806 | |||
The Tochigi Bank, Ltd. | 38,700 | 61,830 | |||
The Toho Bank, Ltd. | 80,000 | 156,963 | |||
The Tohoku Bank, Ltd. | 3,800 | 34,969 | |||
The Torigoe Company, Ltd. | 5,900 | 42,049 | |||
The Tottori Bank, Ltd. | 3,400 | 34,786 | |||
The Towa Bank, Ltd. | 14,100 | 64,185 | |||
The Yamagata Bank, Ltd. | 11,500 | 90,230 | |||
The Yamanashi Chuo Bank, Ltd. | 12,851 | 97,827 | |||
The Zenitaka Corp. | 600 | 22,519 | |||
Tigers Polymer Corp. | 6,500 | 25,931 | |||
TKC Corp. | 7,600 | 259,893 | |||
Toa Corp. (Hyogo) | 10,500 | 80,311 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 68 |
Shares | Value | ||||
Japan (continued) | |||||
Toa Corp. (Tokyo) | 6,600 | $138,116 | |||
Toa Oil Company, Ltd. | 3,500 | 83,411 | |||
TOA ROAD Corp. | 1,500 | 62,565 | |||
Toabo Corp. | 3,800 | 14,849 | |||
Toagosei Company, Ltd. | 36,400 | 415,886 | |||
Toba, Inc. | 800 | 18,249 | |||
Tobila Systems, Inc. | 900 | 10,949 | |||
Tobishima Corp. | 8,220 | 81,533 | |||
TOC Company, Ltd. | 16,400 | 96,945 | |||
Tocalo Company, Ltd. | 20,100 | 243,592 | |||
Toda Corp. | 23,600 | 172,282 | |||
Toda Kogyo Corp. (A) | 800 | 22,870 | |||
Toell Company, Ltd. | 3,900 | 30,404 | |||
Toenec Corp. | 3,200 | 107,452 | |||
Togami Electric Manufacturing Company, Ltd. | 600 | 10,024 | |||
Toho Acetylene Company, Ltd. | 900 | 13,229 | |||
Toho Company, Ltd. (A) | 3,700 | 54,832 | |||
Toho Holdings Company, Ltd. | 18,300 | 317,657 | |||
Toho Titanium Company, Ltd. | 13,200 | 136,845 | |||
Toho Zinc Company, Ltd. | 5,500 | 101,442 | |||
Tohoku Steel Company, Ltd. | 500 | 7,667 | |||
Tohokushinsha Film Corp. | 6,700 | 40,618 | |||
Tokai Corp. | 7,600 | 163,036 | |||
TOKAI Holdings Corp. | 33,300 | 277,424 | |||
Tokai Lease Company, Ltd. | 300 | 4,427 | |||
Tokai Rika Company, Ltd. | 20,200 | 293,869 | |||
Tokai Tokyo Financial Holdings, Inc. | 71,700 | 259,142 | |||
Token Corp. | 2,750 | 261,789 | |||
Tokushu Tokai Paper Company, Ltd. | 3,600 | 146,411 | |||
Tokuyama Corp. | 22,300 | 445,304 | |||
Tokyo Base Company, Ltd. (A) | 7,500 | 41,414 | |||
Tokyo Electron Device, Ltd. (B) | 3,000 | 151,114 | |||
Tokyo Energy & Systems, Inc. | 8,900 | 85,385 | |||
Tokyo Keiki, Inc. | 4,200 | 38,794 | |||
Tokyo Kiraboshi Financial Group, Inc. | 11,358 | 168,457 | |||
Tokyo Rakutenchi Company, Ltd. | 1,200 | 44,958 | |||
Tokyo Rope Manufacturing Company, Ltd. (A) | 1,700 | 15,919 | |||
Tokyo Sangyo Company, Ltd. | 6,600 | 42,324 | |||
Tokyo Seimitsu Company, Ltd. | 13,600 | 594,064 | |||
Tokyo Steel Manufacturing Company, Ltd. | 36,800 | 397,484 | |||
Tokyo Tekko Company, Ltd. | 3,500 | 49,510 | |||
Tokyo Theatres Company, Inc. (A) | 2,400 | 27,161 | |||
Tokyotokeiba Company, Ltd. | 5,000 | 191,599 | |||
Tokyu Construction Company, Ltd. | 33,100 | 225,634 |
69 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Japan (continued) | |||||
Tokyu Recreation Company, Ltd. | 800 | $34,585 | |||
Toli Corp. | 17,800 | 37,842 | |||
Tomato Bank, Ltd. | 3,200 | 31,467 | |||
Tomen Devices Corp. | 900 | 40,448 | |||
Tomoe Corp. | 7,600 | 31,893 | |||
Tomoe Engineering Company, Ltd. | 3,100 | 66,439 | |||
Tomoegawa Company, Ltd. (A) | 400 | 3,290 | |||
Tomoku Company, Ltd. | 4,200 | 72,819 | |||
TOMONY Holdings, Inc. | 54,300 | 159,253 | |||
Tomy Company, Ltd. | 33,800 | 331,531 | |||
Tonami Holdings Company, Ltd. | 2,200 | 95,217 | |||
Topcon Corp. | 37,400 | 634,819 | |||
Toppan Forms Company, Ltd. | 18,000 | 168,655 | |||
Topre Corp. | 13,100 | 159,441 | |||
Topy Industries, Ltd. | 5,700 | 61,375 | |||
Torex Semiconductor, Ltd. | 500 | 11,991 | |||
Toridoll Holdings Corp. | 13,900 | 293,418 | |||
Torii Pharmaceutical Company, Ltd. | 4,700 | 124,189 | |||
Torishima Pump Manufacturing Company, Ltd. | 8,000 | 68,781 | |||
Tosei Corp. | 13,400 | 141,473 | |||
Toshiba TEC Corp. (A) | 6,200 | 265,224 | |||
Tosho Company, Ltd. | 1,700 | 25,873 | |||
Totech Corp. | 2,000 | 47,250 | |||
Totetsu Kogyo Company, Ltd. | 8,800 | 196,488 | |||
Totoku Electric Company, Ltd. | 500 | 12,273 | |||
Toukei Computer Company, Ltd. | 600 | 26,440 | |||
Tow Company, Ltd. | 17,600 | 50,956 | |||
Towa Corp. | 6,800 | 167,891 | |||
Towa Pharmaceutical Company, Ltd. | 10,200 | 273,430 | |||
Toyo Construction Company, Ltd. | 31,300 | 160,223 | |||
Toyo Corp. | 8,200 | 89,159 | |||
Toyo Denki Seizo KK | 3,100 | 30,876 | |||
Toyo Engineering Corp. (A)(B) | 11,300 | 91,342 | |||
Toyo Gosei Company, Ltd. | 1,800 | 247,794 | |||
Toyo Ink SC Holdings Company, Ltd. | 13,100 | 240,806 | |||
Toyo Kanetsu KK | 3,100 | 69,930 | |||
Toyo Logistics Company, Ltd. | 6,100 | 17,788 | |||
Toyo Machinery & Metal Company, Ltd. | 6,200 | 27,998 | |||
Toyo Securities Company, Ltd. | 30,000 | 40,314 | |||
Toyo Tanso Company, Ltd. | 5,400 | 135,224 | |||
Toyo Wharf & Warehouse Company, Ltd. | 1,900 | 25,576 | |||
Toyobo Company, Ltd. | 30,306 | 375,337 | |||
TPR Company, Ltd. | 10,600 | 143,107 | |||
Traders Holdings Company, Ltd. | 6,220 | 18,747 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 70 |
Shares | Value | ||||
Japan (continued) | |||||
Trancom Company, Ltd. | 2,500 | $189,826 | |||
Trans Genic, Inc. | 4,600 | 24,183 | |||
Transaction Company, Ltd. | 3,700 | 36,445 | |||
Transcosmos, Inc. | 2,000 | 62,462 | |||
Tri Chemical Laboratories, Inc. | 7,200 | 228,713 | |||
Trinity Industrial Corp. | 2,000 | 15,617 | |||
Trusco Nakayama Corp. | 10,700 | 286,258 | |||
TS Tech Company, Ltd. | 19,200 | 260,067 | |||
TSI Holdings Company, Ltd. (A) | 24,305 | 68,406 | |||
Tsubaki Nakashima Company, Ltd. | 14,200 | 199,382 | |||
Tsubakimoto Chain Company | 9,500 | 292,846 | |||
Tsubakimoto Kogyo Company, Ltd. | 1,400 | 46,906 | |||
Tsudakoma Corp. (A) | 700 | 5,377 | |||
Tsugami Corp. | 14,800 | 209,952 | |||
Tsukishima Kikai Company, Ltd. | 9,900 | 104,008 | |||
Tsukuba Bank, Ltd. | 31,600 | 50,241 | |||
Tsumura & Company | 10,700 | 367,903 | |||
Tsurumi Manufacturing Company, Ltd. | 6,300 | 98,440 | |||
Tsutsumi Jewelry Company, Ltd. | 2,500 | 53,827 | |||
Tsuzuki Denki Company, Ltd. | 2,100 | 33,939 | |||
TV Asahi Holdings Corp. | 9,200 | 141,836 | |||
Tv Tokyo Holdings Corp. | 3,100 | 58,619 | |||
TYK Corp. | 6,400 | 18,825 | |||
UACJ Corp. (A) | 11,871 | 294,561 | |||
Ube Industries, Ltd. | 29,300 | 591,205 | |||
Ubicom Holdings, Inc. | 2,100 | 57,447 | |||
Uchida Yoko Company, Ltd. | 2,800 | 132,410 | |||
Ueki Corp. | 1,200 | 16,186 | |||
ULS Group, Inc. | 600 | 30,500 | |||
Ulvac, Inc. | 13,900 | 748,736 | |||
Uniden Holdings Corp. | 2,000 | 49,826 | |||
Union Tool Company | 3,100 | 111,624 | |||
Unipres Corp. | 12,500 | 103,618 | |||
UNIRITA, Inc. | 700 | 11,568 | |||
United Arrows, Ltd. (A) | 1,100 | 17,700 | |||
United Super Markets Holdings, Inc. (B) | 20,800 | 206,748 | |||
UNITED, Inc. | 3,400 | 51,386 | |||
Unitika, Ltd. (A) | 23,900 | 75,687 | |||
Universal Entertainment Corp. (A) | 8,900 | 196,850 | |||
UPR Corp. | 500 | 9,896 | |||
Urbanet Corp. Company, Ltd. | 3,800 | 10,602 | |||
Usen-Next Holdings Company, Ltd. (B) | 2,900 | 80,954 | |||
User Local, Inc. | 600 | 10,414 | |||
Ushio, Inc. | 35,100 | 634,154 |
71 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Japan (continued) | |||||
UT Group Company, Ltd. | 8,700 | $238,422 | |||
Utoc Corp. | 6,900 | 33,911 | |||
UUUM Company, Ltd. (A) | 1,200 | 15,240 | |||
Uzabase, Inc. (A) | 4,100 | 88,198 | |||
V Technology Company, Ltd. | 2,900 | 119,292 | |||
Valor Holdings Company, Ltd. | 13,600 | 303,633 | |||
Valqua, Ltd. | 7,100 | 137,770 | |||
Value HR Company, Ltd. | 1,600 | 23,704 | |||
ValueCommerce Company, Ltd. | 4,800 | 196,070 | |||
V-Cube, Inc. | 2,400 | 39,357 | |||
Vector, Inc. (A) | 9,700 | 90,437 | |||
Vega Corp Company, Ltd. | 800 | 8,133 | |||
Vertex Corp. | 1,440 | 39,684 | |||
Village Vanguard Company, Ltd. (A) | 1,400 | 13,478 | |||
VINX Corp. | 1,300 | 11,169 | |||
Vital KSK Holdings, Inc. | 16,600 | 122,597 | |||
VT Holdings Company, Ltd. | 29,100 | 142,410 | |||
Wacoal Holdings Corp. | 14,900 | 313,088 | |||
Wacom Company, Ltd. | 48,200 | 313,846 | |||
Waida Manufacturing Company, Ltd. | 1,100 | 11,926 | |||
Wakachiku Construction Company, Ltd. | 5,000 | 88,722 | |||
Wakamoto Pharmaceutical Company, Ltd. (A) | 4,500 | 14,713 | |||
Wakita & Company, Ltd. | 13,300 | 122,483 | |||
Warabeya Nichiyo Holdings Company, Ltd. | 4,700 | 102,846 | |||
Waseda Academy Company, Ltd. | 3,800 | 32,796 | |||
Watahan & Company, Ltd. | 5,600 | 63,437 | |||
Watts Company, Ltd. (B) | 4,400 | 35,410 | |||
WDB Holdings Company, Ltd. | 3,600 | 111,704 | |||
Weathernews, Inc. | 1,900 | 99,703 | |||
Welbe, Inc. | 4,800 | 67,186 | |||
Wellnet Corp. | 2,500 | 11,218 | |||
West Holdings Corp. | 6,409 | 284,733 | |||
Will Group, Inc. | 5,700 | 66,295 | |||
WILLs, Inc. | 1,200 | 13,383 | |||
WIN-Partners Company, Ltd. | 4,900 | 44,150 | |||
Wood One Company, Ltd. | 3,600 | 36,199 | |||
World Company, Ltd. | 8,900 | 112,634 | |||
World Holdings Company, Ltd. | 3,900 | 92,113 | |||
Wow World, Inc. | 1,000 | 15,171 | |||
Wowow, Inc. | 2,400 | 52,149 | |||
Writeup Company, Ltd. (A) | 500 | 14,941 | |||
Xebio Holdings Company, Ltd. | 7,100 | 71,228 | |||
YAC Holdings Company, Ltd. | 2,200 | 18,963 | |||
Yachiyo Industry Company, Ltd. (A) | 2,500 | 13,853 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 72 |
Shares | Value | ||||
Japan (continued) | |||||
Yagi & Company, Ltd. | 800 | $10,616 | |||
Yahagi Construction Company, Ltd. | 9,700 | 64,681 | |||
Yaizu Suisankagaku Industry Company, Ltd. | 2,900 | 25,524 | |||
YAKUODO Holdings Company, Ltd. | 4,800 | 108,396 | |||
YAMABIKO Corp. | 13,400 | 154,073 | |||
YAMADA Consulting Group Company, Ltd. | 3,700 | 38,469 | |||
Yamaguchi Financial Group, Inc. | 72,000 | 419,858 | |||
Yamaichi Electronics Company, Ltd. | 8,400 | 126,085 | |||
YA-MAN, Ltd. | 10,300 | 104,248 | |||
Yamashina Corp. | 24,800 | 17,798 | |||
Yamatane Corp. | 3,800 | 53,820 | |||
Yamato Corp. | 7,700 | 53,737 | |||
Yamato International, Inc. | 5,700 | 16,877 | |||
Yamato Kogyo Company, Ltd. | 14,500 | 547,559 | |||
Yamaura Corp. | 1,600 | 13,960 | |||
Yamaya Corp. | 1,800 | 40,296 | |||
Yamazawa Company, Ltd. | 1,800 | 28,157 | |||
Yamazen Corp. | 21,500 | 213,872 | |||
Yaoko Company, Ltd. | 4,300 | 278,996 | |||
Yashima Denki Company, Ltd. | 4,800 | 43,232 | |||
Yasuda Logistics Corp. | 7,200 | 61,929 | |||
Yasunaga Corp. | 2,700 | 27,820 | |||
YE Digital Corp. | 1,900 | 9,686 | |||
Yellow Hat, Ltd. | 12,000 | 212,352 | |||
Yodogawa Steel Works, Ltd. | 8,765 | 197,795 | |||
Yokogawa Bridge Holdings Corp. | 12,100 | 246,172 | |||
Yokohama Reito Company, Ltd. | 19,600 | 159,992 | |||
Yokowo Company, Ltd. | 6,100 | 147,616 | |||
Yomeishu Seizo Company, Ltd. | 2,800 | 46,779 | |||
Yondenko Corp. | 1,600 | 49,428 | |||
Yondoshi Holdings, Inc. | 6,459 | 102,968 | |||
Yonkyu Company, Ltd. | 1,200 | 24,597 | |||
Yorozu Corp. (B) | 7,800 | 84,429 | |||
Yoshimura Food Holdings KK (A) | 4,200 | 28,854 | |||
Yotai Refractories Company, Ltd. | 6,700 | 77,577 | |||
Yuasa Funashoku Company, Ltd. | 1,100 | 30,283 | |||
Yuasa Trading Company, Ltd. | 7,000 | 188,973 | |||
Yuken Kogyo Company, Ltd. | 1,200 | 18,983 | |||
Yurtec Corp. | 16,900 | 106,633 | |||
Yushin Precision Equipment Company, Ltd. | 3,000 | 23,170 | |||
Yushiro Chemical Industry Company, Ltd. | 3,700 | 39,818 | |||
Yutaka Giken Company, Ltd. | 1,600 | 26,575 | |||
Zaoh Company, Ltd. | 1,800 | 27,026 | |||
Zenrin Company, Ltd. | 12,800 | 120,969 |
73 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Japan (continued) | |||||
ZERIA Pharmaceutical Company, Ltd. | 5,800 | $113,970 | |||
Zuiko Corp. | 4,400 | 36,768 | |||
Jersey, Channel Islands 0.2% | 1,248,638 | ||||
Atrium European Real Estate, Ltd. (A) | 61,974 | 232,736 | |||
Centamin PLC | 434,687 | 594,267 | |||
JTC PLC (D) | 10,616 | 111,066 | |||
Sanne Group PLC | 24,287 | 310,569 | |||
Liechtenstein 0.1% | 480,596 | ||||
Liechtensteinische Landesbank AG | 5,332 | 313,478 | |||
VP Bank AG, Class A | 1,489 | 167,118 | |||
Luxembourg 0.6% | 5,067,813 | ||||
APERAM SA | 16,388 | 1,005,421 | |||
B&S Group Sarl (D) | 4,110 | 42,463 | |||
Befesa SA (D) | 10,167 | 824,534 | |||
Corestate Capital Holding SA (A)(B) | 6,240 | 96,473 | |||
d’Amico International Shipping SA (A) | 70,483 | 8,118 | |||
Global Fashion Group SA (A) | 1,654 | 21,181 | |||
Grand City Properties SA | 38,765 | 1,062,862 | |||
IVS Group SA (A) | 5,204 | 37,376 | |||
L’Occitane International SA | 96,500 | 328,087 | |||
SES SA | 60,161 | 502,087 | |||
Shurgard Self Storage SA | 4,902 | 293,620 | |||
Stabilus SA | 9,102 | 716,064 | |||
Sword Group | 2,454 | 129,527 | |||
Macau 0.0% | 96,993 | ||||
MECOM Power and Construction, Ltd. (B) | 184,000 | 96,993 | |||
Malaysia 0.2% | 1,637,512 | ||||
Frencken Group, Ltd. | 107,100 | 186,867 | |||
Lynas Rare Earths, Ltd. (A) | 289,189 | 1,442,372 | |||
Pentamaster International, Ltd. | 62,000 | 8,273 | |||
Malta 0.0% | 11,508 | ||||
Gaming Innovation Group, Inc. (A) | 5,338 | 11,508 | |||
Monaco 0.0% | 97,464 | ||||
Societe des Bains de Mer et du Cercle des Etrangers a Monaco (A) | 1,142 | 97,464 | |||
Netherlands 2.7% | 23,764,486 | ||||
Aalberts NV | 34,852 | 2,176,369 | |||
Accell Group NV (A) | 7,022 | 334,884 | |||
AMG Advanced Metallurgical Group NV (B) | 6,831 | 241,676 | |||
Amsterdam Commodities NV (A) | 5,265 | 151,230 | |||
Arcadis NV | 36,480 | 1,806,314 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 74 |
Shares | Value | ||||
Netherlands (continued) | |||||
ASR Nederland NV | 48,243 | $2,204,453 | |||
Basic-Fit NV (A)(D) | 12,628 | 589,722 | |||
BE Semiconductor Industries NV | 24,555 | 2,234,435 | |||
Beter Bed Holding NV (A) | 4,223 | 29,557 | |||
Boskalis Westminster | 27,669 | 910,826 | |||
Brack Capital Properties NV (A) | 924 | 110,686 | |||
Brunel International NV | 9,698 | 128,165 | |||
Corbion NV | 20,761 | 1,117,235 | |||
Flow Traders (D) | 12,423 | 506,277 | |||
ForFarmers NV | 13,376 | 70,290 | |||
Fugro NV (A) | 25,819 | 256,091 | |||
GrandVision NV (D) | 10,978 | 367,195 | |||
Heijmans NV | 9,522 | 136,747 | |||
Hunter Douglas NV (A) | 1,849 | 218,423 | |||
IMCD NV | 12,200 | 2,403,162 | |||
Intertrust NV (A)(D) | 28,072 | 435,208 | |||
Kendrion NV | 5,119 | 145,661 | |||
Koninklijke BAM Groep NV (A) | 68,896 | 227,584 | |||
Koninklijke Vopak NV | 5,082 | 220,100 | |||
Lucas Bols NV (A)(D) | 3,531 | 43,164 | |||
Nedap NV | 1,772 | 127,247 | |||
OCI NV (A) | 27,089 | 660,609 | |||
Ordina NV | 37,525 | 152,435 | |||
PostNL NV | 179,253 | 938,012 | |||
PPHE Hotel Group, Ltd. (A) | 2,365 | 49,477 | |||
SBM Offshore NV | 52,324 | 952,268 | |||
SIF Holding NV | 1,808 | 34,557 | |||
Signify NV (D) | 40,756 | 2,283,259 | |||
Sligro Food Group NV (A) | 9,045 | 255,149 | |||
TKH Group NV | 14,187 | 869,439 | |||
TomTom NV (A) | 23,460 | 187,803 | |||
Van Lanschot Kempen NV (B) | 6,530 | 188,777 | |||
New Zealand 0.6% | 5,317,029 | ||||
Air New Zealand, Ltd. (A) | 159,355 | 169,582 | |||
Arvida Group, Ltd. | 125,649 | 184,113 | |||
Briscoe Group, Ltd. | 11,818 | 54,083 | |||
Chorus, Ltd. | 113,231 | 560,720 | |||
Comvita, Ltd. (A) | 3,159 | 8,037 | |||
Delegat Group, Ltd. | 6,801 | 69,701 | |||
Eroad, Ltd. (A) | 5,969 | 26,507 | |||
Freightways, Ltd. | 47,014 | 424,021 | |||
Genesis Energy, Ltd. | 30,033 | 71,761 | |||
Gentrack Group, Ltd. (A) | 9,421 | 13,072 |
75 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
New Zealand (continued) | |||||
Hallenstein Glasson Holdings, Ltd. | 15,335 | $78,498 | |||
Heartland Group Holdings, Ltd. | 174,002 | 281,235 | |||
Infratil, Ltd. | 56,633 | 298,516 | |||
Investore Property, Ltd. | 79,415 | 112,926 | |||
Kathmandu Holdings, Ltd. | 152,310 | 145,940 | |||
NEW Zealand King Salmon Investments, Ltd. (A) | 10,031 | 10,107 | |||
NZME, Ltd. (A)(B) | 72,696 | 49,094 | |||
NZX, Ltd. | 70,162 | 90,932 | |||
Oceania Healthcare, Ltd. | 105,934 | 117,421 | |||
Pacific Edge, Ltd. (A) | 105,378 | 105,577 | |||
PGG Wrightson, Ltd. | 1,878 | 5,074 | |||
Pushpay Holdings, Ltd. (A) | 136,920 | 170,923 | |||
Restaurant Brands New Zealand, Ltd. (A) | 9,960 | 112,295 | |||
Sanford, Ltd. (A) | 22,753 | 71,185 | |||
Scales Corp., Ltd. | 29,692 | 104,864 | |||
Serko, Ltd. (A) | 10,833 | 60,945 | |||
Skellerup Holdings, Ltd. | 44,514 | 170,914 | |||
SKY Network Television, Ltd. (A) | 440,338 | 59,119 | |||
SKYCITY Entertainment Group, Ltd. (A) | 196,248 | 450,352 | |||
Steel & Tube Holdings, Ltd. | 21,933 | 17,337 | |||
Summerset Group Holdings, Ltd. | 40,091 | 427,159 | |||
Synlait Milk, Ltd. (A) | 21,479 | 50,079 | |||
The New Zealand Refining Company, Ltd. (A) | 43,399 | 28,165 | |||
The Warehouse Group, Ltd. | 25,288 | 66,086 | |||
Tourism Holdings, Ltd. (A) | 30,975 | 52,730 | |||
TOWER, Ltd. | 151,324 | 74,620 | |||
Trustpower, Ltd. | 10,579 | 59,417 | |||
Turners Automotive Group, Ltd. | 13,978 | 42,687 | |||
Vista Group International, Ltd. (A) | 57,676 | 98,349 | |||
Z Energy, Ltd. | 130,629 | 322,886 | |||
Norway 0.8% | 7,322,719 | ||||
ABG Sundal Collier Holding ASA | 136,334 | 145,889 | |||
AF Gruppen ASA | 1,294 | 28,810 | |||
Akastor ASA (A) | 61,659 | 40,540 | |||
Aker Solutions ASA (A) | 50,761 | 93,875 | |||
American Shipping Company ASA (A) | 18,608 | 64,482 | |||
ArcticZymes Technologies ASA (A) | 6,011 | 61,310 | |||
Atea ASA (A) | 26,337 | 536,795 | |||
Avance Gas Holding, Ltd. (D) | 16,253 | 81,442 | |||
Axactor SE (A) | 67,242 | 73,354 | |||
B2Holding ASA (A) | 70,553 | 85,074 | |||
Bank Norwegian ASA (A) | 47,936 | 566,838 | |||
Bonheur ASA | 7,394 | 275,510 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 76 |
Shares | Value | ||||
Norway (continued) | |||||
Borregaard ASA | 33,447 | $874,844 | |||
Bouvet ASA | 1,830 | 13,466 | |||
BW Offshore, Ltd. | 31,002 | 96,244 | |||
Crayon Group Holding ASA (A)(D) | 4,662 | 89,503 | |||
DNO ASA (A) | 75,188 | 68,188 | |||
Europris ASA (D) | 50,683 | 358,136 | |||
Fjordkraft Holding ASA (D) | 16,180 | 100,081 | |||
FLEX LNG, Ltd. | 13,406 | 201,353 | |||
Frontline, Ltd. | 22,062 | 155,402 | |||
Grieg Seafood ASA (A) | 13,601 | 135,391 | |||
Hexagon Composites ASA (A) | 32,197 | 121,732 | |||
Hunter Group ASA (A) | 35,289 | 10,871 | |||
IDEX Biometrics ASA (A) | 160,219 | 47,316 | |||
Itera ASA | 21,736 | 38,262 | |||
Kid ASA (D) | 6,004 | 88,653 | |||
Kitron ASA | 31,896 | 70,218 | |||
Komplett Bank ASA | 16,702 | 16,483 | |||
Medistim ASA | 1,868 | 84,478 | |||
MPC Container Ships AS (A) | 49,459 | 141,556 | |||
Multiconsult ASA (D) | 1,951 | 44,641 | |||
Nordic Nanovector ASA (A) | 14,098 | 37,328 | |||
Norske Skog ASA (A)(D) | 6,564 | 24,524 | |||
Norway Royal Salmon ASA | 3,814 | 87,775 | |||
Norwegian Energy Company ASA (A) | 2,432 | 38,546 | |||
NRC Group ASA (A) | 5,750 | 12,237 | |||
Ocean Yield ASA | 17,760 | 64,486 | |||
Odfjell Drilling, Ltd. (A) | 35,662 | 79,716 | |||
Odfjell SE, A Shares (A) | 7,780 | 24,566 | |||
Olav Thon Eiendomsselskap ASA (A) | 5,227 | 127,222 | |||
Otello Corp. ASA (A) | 37,135 | 143,300 | |||
Pareto Bank ASA | 3,777 | 23,710 | |||
PCI Biotech Holding ASA (A) | 4,382 | 10,210 | |||
PGS ASA (A) | 150,095 | 74,151 | |||
Protector Forsikring ASA | 28,159 | 317,247 | |||
Q-Free ASA (A) | 16,307 | 16,357 | |||
SATS ASA (A) | 4,176 | 10,566 | |||
Selvaag Bolig ASA | 16,229 | 113,958 | |||
Solon Eiendom ASA (A) | 5,646 | 25,987 | |||
Sparebank 1 Oestlandet | 760 | 10,908 | |||
Sparebank 1 Sorost-Norge | 6,237 | 36,168 | |||
SpareBank 1 SR-Bank ASA | 4,185 | 56,444 | |||
Sparebanken More | 579 | 25,780 | |||
TGS ASA | 31,150 | 345,031 | |||
Treasure ASA | 15,273 | 28,982 |
77 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Norway (continued) | |||||
Ultimovacs ASA (A) | 1,760 | $19,193 | |||
Veidekke ASA | 32,981 | 423,416 | |||
Vow ASA (A) | 7,259 | 27,980 | |||
Vow Green Metals AS (A) | 7,259 | 5,786 | |||
Wallenius Wilhelmsen ASA (A) | 28,610 | 113,253 | |||
Wilh Wilhelmsen Holding ASA, Class A | 4,882 | 106,736 | |||
XXL ASA (A)(D) | 37,894 | 80,419 | |||
Peru 0.0% | 223,786 | ||||
Hochschild Mining PLC | 107,762 | 223,786 | |||
Philippines 0.0% | 35,482 | ||||
Del Monte Pacific, Ltd. | 136,300 | 35,482 | |||
Portugal 0.3% | 2,723,716 | ||||
Altri SGPS SA | 33,463 | 222,763 | |||
Banco Comercial Portugues SA (A) | 3,603,145 | 557,327 | |||
Corticeira Amorim SGPS SA | 1,712 | 23,462 | |||
CTT-Correios de Portugal SA | 37,215 | 201,924 | |||
Greenvolt-Energias Renovaveis SA (A) | 608 | 3,834 | |||
Mota-Engil SGPS SA (A)(B) | 23,312 | 37,141 | |||
NOS SGPS SA | 97,996 | 413,117 | |||
Novabase SGPS SA (A) | 4,612 | 25,046 | |||
REN - Redes Energeticas Nacionais SGPS SA | 169,118 | 495,319 | |||
Sonae SGPS SA | 349,624 | 380,693 | |||
The Navigator Company SA | 97,510 | 363,090 | |||
Russia 0.0% | 244,215 | ||||
Petropavlovsk PLC (A)(B) | 844,260 | 244,215 | |||
Singapore 1.2% | 10,982,157 | ||||
Accordia Golf Trust (C) | 316,900 | 0 | |||
AEM Holdings, Ltd. | 54,900 | 168,770 | |||
Amara Holdings, Ltd. (A) | 80,000 | 21,717 | |||
Ascendas India Trust | 293,100 | 315,763 | |||
Avarga, Ltd. | 74,200 | 15,963 | |||
Banyan Tree Holdings, Ltd. (A) | 78,000 | 18,529 | |||
Best World International, Ltd. (A)(C) | 84,600 | 49,208 | |||
BOC Aviation, Ltd. (D) | 37,800 | 283,375 | |||
Bonvests Holdings, Ltd. | 36,400 | 25,970 | |||
Boustead Projects, Ltd. | 28,557 | 20,680 | |||
Boustead Singapore, Ltd. | 104,189 | 77,477 | |||
BRC Asia, Ltd. | 15,100 | 16,831 | |||
Bukit Sembawang Estates, Ltd. | 56,200 | 205,264 | |||
BW Energy, Ltd. (A) | 10,713 | 34,389 | |||
BW LPG, Ltd. (D) | 25,361 | 135,035 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 78 |
Shares | Value | ||||
Singapore (continued) | |||||
Centurion Corp., Ltd. (A) | 85,000 | $21,138 | |||
China Aviation Oil Singapore Corp., Ltd. | 97,600 | 69,954 | |||
China Sunsine Chemical Holdings, Ltd. | 152,100 | 55,367 | |||
Chip Eng Seng Corp., Ltd. | 193,300 | 62,515 | |||
Chuan Hup Holdings, Ltd. | 109,000 | 19,066 | |||
ComfortDelGro Corp., Ltd. | 628,200 | 754,919 | |||
COSCO Shipping International Singapore Company, Ltd. (A) | 479,800 | 101,521 | |||
Creative Technology, Ltd. (A) | 11,500 | 21,243 | |||
CSE Global, Ltd. | 136,600 | 47,683 | |||
CW Group Holdings, Ltd. (A)(C) | 135,000 | 3,208 | |||
Dasin Retail Trust | 49,600 | 16,045 | |||
Delfi, Ltd. | 88,200 | 53,022 | |||
Ezion Holdings, Ltd. (A)(C) | 1,126,020 | 36,014 | |||
Ezra Holdings, Ltd. (A)(C) | 438,996 | 898 | |||
Far East Orchard, Ltd. | 58,394 | 46,374 | |||
First Resources, Ltd. | 175,200 | 191,250 | |||
Food Empire Holdings, Ltd. | 72,000 | 41,180 | |||
Fragrance Group, Ltd. (A) | 200,000 | 20,323 | |||
Fraser and Neave, Ltd. | 82,900 | 86,488 | |||
Fu Yu Corp., Ltd. | 142,200 | 30,646 | |||
Gallant Venture, Ltd. (A) | 264,000 | 25,360 | |||
Geo Energy Resources, Ltd. | 105,900 | 18,455 | |||
GK Goh Holdings, Ltd. | 21,000 | 17,508 | |||
Golden Agri-Resources, Ltd. | 2,139,900 | 365,121 | |||
Golden Energy & Resources, Ltd. (A) | 67,800 | 15,611 | |||
GSH Corp., Ltd. (A) | 51,600 | 7,061 | |||
GuocoLand, Ltd. | 115,100 | 140,273 | |||
Halcyon Agri Corp., Ltd. (A) | 88,757 | 15,529 | |||
Haw Par Corp., Ltd. | 37,100 | 359,348 | |||
Hiap Hoe, Ltd. | 38,000 | 19,435 | |||
Ho Bee Land, Ltd. | 62,200 | 129,816 | |||
Hong Fok Corp., Ltd. | 123,036 | 72,666 | |||
Hong Leong Asia, Ltd. | 70,600 | 44,291 | |||
Hong Leong Finance, Ltd. | 105,300 | 189,580 | |||
Hotel Grand Central, Ltd. | 48,457 | 37,070 | |||
HRnetgroup, Ltd. | 75,200 | 44,678 | |||
Hwa Hong Corp., Ltd. | 55,000 | 12,278 | |||
Hyflux, Ltd. (A)(B) | 154,800 | 1,548 | |||
iFAST Corp., Ltd. | 38,400 | 239,328 | |||
IGG, Inc. | 343,000 | 327,599 | |||
Indofood Agri Resources, Ltd. (A) | 58,100 | 13,151 | |||
InnoTek, Ltd. | 20,500 | 12,244 | |||
Japfa, Ltd. | 168,520 | 88,955 | |||
k1 Ventures, Ltd. (A)(C) | 36,000 | 0 |
79 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Singapore (continued) | |||||
Kenon Holdings, Ltd. | 7,051 | $276,412 | |||
Keppel Infrastructure Trust | 1,282,655 | 515,176 | |||
KSH Holdings, Ltd. | 32,400 | 8,546 | |||
Low Keng Huat Singapore, Ltd. | 64,000 | 21,813 | |||
Metro Holdings, Ltd. | 151,300 | 85,696 | |||
Micro-Mechanics Holdings, Ltd. | 5,200 | 12,605 | |||
Midas Holdings, Ltd. (A)(B)(C) | 249,000 | 30,226 | |||
NetLink NBN Trust | 437,900 | 315,701 | |||
NSL, Ltd. | 29,000 | 17,226 | |||
OM Holdings, Ltd. (A) | 69,157 | 39,925 | |||
OUE, Ltd. | 101,600 | 104,902 | |||
Oxley Holdings, Ltd. | 404,541 | 67,492 | |||
Pacific Century Regional Developments, Ltd. | 52,900 | 16,129 | |||
Pan-United Corp., Ltd. | 68,750 | 16,103 | |||
Place Holdings, Ltd. (A) | 168,500 | 13,939 | |||
Propnex, Ltd. | 7,700 | 10,516 | |||
Q&M Dental Group Singapore, Ltd. | 48,100 | 26,258 | |||
QAF, Ltd. | 59,334 | 40,800 | |||
Raffles Education Corp., Ltd. (A) | 279,802 | 18,966 | |||
Raffles Medical Group, Ltd. | 275,918 | 289,240 | |||
Razer, Inc. (A)(B)(D) | 747,000 | 190,107 | |||
Riverstone Holdings, Ltd. | 156,400 | 146,411 | |||
Roxy-Pacific Holdings, Ltd. (A) | 95,550 | 28,828 | |||
SBS Transit, Ltd. | 27,700 | 62,173 | |||
Sembcorp Industries, Ltd. | 198,100 | 283,582 | |||
Sembcorp Marine, Ltd. (A) | 1,972,713 | 124,162 | |||
Sheng Siong Group, Ltd. | 203,300 | 228,388 | |||
SHS Holdings, Ltd. (A) | 84,000 | 9,441 | |||
SIA Engineering Company, Ltd. (A) | 102,600 | 162,159 | |||
SIIC Environment Holdings, Ltd. | 412,280 | 57,614 | |||
Sinarmas Land, Ltd. | 300,000 | 60,003 | |||
Sing Holdings, Ltd. | 79,000 | 21,572 | |||
Sing Investments & Finance, Ltd. | 28,600 | 31,462 | |||
Singapore Land Group, Ltd. | 55,200 | 109,024 | |||
Singapore Post, Ltd. | 520,800 | 253,477 | |||
Singapore Press Holdings, Ltd. | 463,300 | 667,720 | |||
Singapore Shipping Corp., Ltd. | 83,800 | 17,187 | |||
Stamford Land Corp., Ltd. | 142,600 | 54,116 | |||
StarHub, Ltd. | 185,200 | 167,693 | |||
Straits Trading Company, Ltd. | 14,200 | 33,518 | |||
Swiber Holdings, Ltd. (A)(C) | 128,250 | 6,239 | |||
The Hour Glass, Ltd. | 68,900 | 73,052 | |||
Tuan Sing Holdings, Ltd. | 156,396 | 57,967 | |||
UMS Holdings, Ltd. | 115,450 | 148,936 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 80 |
Shares | Value | ||||
Singapore (continued) | |||||
United Overseas Insurance, Ltd. | 2,400 | $12,494 | |||
UOB-Kay Hian Holdings, Ltd. | 115,149 | 135,201 | |||
Vicom, Ltd. | 26,000 | 39,055 | |||
Wee Hur Holdings, Ltd. | 102,000 | 14,951 | |||
Wing Tai Holdings, Ltd. | 113,217 | 153,122 | |||
XP Power, Ltd. | 5,720 | 434,191 | |||
Yeo Hiap Seng, Ltd. | 9,032 | 5,911 | |||
South Africa 0.1% | 1,075,809 | ||||
Investec PLC | 101,798 | 428,226 | |||
Mediclinic International PLC (A) | 150,271 | 647,583 | |||
Spain 2.1% | 18,965,274 | ||||
Acciona SA | 4,485 | 729,173 | |||
Acerinox SA | 55,946 | 762,486 | |||
Aedas Homes SA (D) | 1,004 | 32,589 | |||
Alantra Partners SA | 6,267 | 116,266 | |||
Almirall SA | 25,952 | 440,815 | |||
Amper SA (A)(B) | 307,165 | 65,933 | |||
Applus Services SA | 49,354 | 481,281 | |||
Atresmedia Corp. de Medios de Comunicacion SA (A) | 33,653 | 147,373 | |||
Audax Renovables SA (B) | 25,087 | 56,932 | |||
Azkoyen SA | 4,660 | 32,209 | |||
Banco de Sabadell SA (A) | 1,344,516 | 958,513 | |||
Bankinter SA | 223,987 | 1,310,869 | |||
Caja de Ahorros del Mediterraneo (A)(C) | 1,684 | 0 | |||
Cia de Distribucion Integral Logista Holdings SA | 17,212 | 373,673 | |||
CIE Automotive SA | 24,201 | 696,025 | |||
Construcciones y Auxiliar de Ferrocarriles SA | 7,952 | 341,244 | |||
Distribuidora Internacional de Alimentacion SA (A) | 1,894,676 | 45,154 | |||
Ebro Foods SA | 24,110 | 484,149 | |||
eDreams ODIGEO SA (A) | 22,487 | 167,342 | |||
Elecnor SA | 9,042 | 106,585 | |||
Enagas SA | 58,769 | 1,337,741 | |||
Ence Energia y Celulosa SA (A) | 57,514 | 171,526 | |||
Ercros SA (A) | 37,769 | 148,777 | |||
Faes Farma SA | 117,133 | 457,655 | |||
Fluidra SA | 18,385 | 750,538 | |||
Fomento de Construcciones y Contratas SA | 18,574 | 237,401 | |||
Gestamp Automocion SA (A)(D) | 13,002 | 60,474 | |||
Global Dominion Access SA (D) | 40,194 | 213,575 | |||
Grupo Catalana Occidente SA | 14,843 | 562,144 | |||
Grupo Empresarial San Jose SA (B) | 8,498 | 50,591 | |||
Grupo Ezentis SA (A)(B) | 65,836 | 27,868 | |||
Iberpapel Gestion SA | 2,945 | 68,277 |
81 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Spain (continued) | |||||
Indra Sistemas SA (A) | 50,727 | $547,286 | |||
Laboratorios Farmaceuticos Rovi SA | 4,986 | 311,964 | |||
Linea Directa Aseguradora SA Cia de Seguros y Reaseguros | 223,987 | 473,370 | |||
Mapfre SA | 201,409 | 434,614 | |||
Mediaset Espana Comunicacion SA (A) | 48,282 | 294,532 | |||
Melia Hotels International SA (A) | 33,595 | 234,980 | |||
Metrovacesa SA (A)(D) | 5,502 | 47,441 | |||
Miquel y Costas & Miquel SA | 6,049 | 120,660 | |||
Neinor Homes SA (A)(D) | 11,125 | 158,763 | |||
Obrascon Huarte Lain SA (A) | 65,482 | 47,838 | |||
Oryzon Genomics SA (A) | 5,490 | 22,652 | |||
Pharma Mar SA | 4,873 | 419,838 | |||
Prim SA | 3,271 | 56,583 | |||
Promotora de Informaciones SA, Class A (A) | 66,046 | 50,084 | |||
Prosegur Cash SA (D) | 18,021 | 17,411 | |||
Prosegur Cia de Seguridad SA | 88,397 | 287,769 | |||
Realia Business SA (A) | 115,998 | 97,964 | |||
Renta 4 Banco SA | 1,156 | 12,001 | |||
Sacyr SA (B) | 167,418 | 413,633 | |||
Solaria Energia y Medio Ambiente SA (A) | 24,393 | 484,142 | |||
Talgo SA (A)(D) | 28,797 | 156,962 | |||
Tecnicas Reunidas SA (A)(B) | 9,565 | 92,027 | |||
Tubacex SA (A) | 47,684 | 83,529 | |||
Unicaja Banco SA (D) | 545,989 | 503,743 | |||
Vidrala SA | 6,601 | 763,453 | |||
Viscofan SA | 13,523 | 955,220 | |||
Vocento SA (A) | 21,446 | 27,233 | |||
Zardoya Otis SA | 62,790 | 414,404 | |||
Sweden 3.8% | 33,707,515 | ||||
AcadeMedia AB (D) | 30,274 | 275,452 | |||
AddLife AB, B Shares | 13,696 | 552,196 | |||
AddNode Group AB | 8,634 | 405,299 | |||
AddTech AB, B Shares | 8,125 | 170,553 | |||
AFRY AB | 11,263 | 378,337 | |||
Alimak Group AB (D) | 14,034 | 248,178 | |||
Ambea AB (D) | 4,187 | 32,082 | |||
Annehem Fastigheter AB, B Shares (A) | 9,576 | 45,571 | |||
AQ Group AB (A) | 759 | 29,727 | |||
Arise AB (A) | 3,811 | 18,227 | |||
Arjo AB, B Shares | 76,627 | 983,023 | |||
Atrium Ljungberg AB, B Shares | 9,063 | 223,130 | |||
Attendo AB (A)(D) | 43,122 | 213,299 | |||
Balco Group AB (A) | 884 | 13,567 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 82 |
Shares | Value | ||||
Sweden (continued) | |||||
Beijer Alma AB | 14,313 | $366,219 | |||
Beijer Electronics Group AB (A) | 9,584 | 68,513 | |||
Bergman & Beving AB | 10,573 | 212,158 | |||
Besqab AB | 2,865 | 54,619 | |||
Betsson AB, B Shares (A) | 42,456 | 403,213 | |||
BHG Group AB (A) | 7,065 | 119,573 | |||
Bilia AB, A Shares | 25,661 | 515,616 | |||
BioGaia AB, B Shares | 6,241 | 365,422 | |||
Biotage AB | 19,960 | 558,370 | |||
Bjorn Borg AB (A) | 1,367 | 6,424 | |||
Bonava AB, B Shares | 29,697 | 315,575 | |||
Boozt AB (A)(D) | 7,557 | 154,158 | |||
Boule Diagnostics AB | 1,772 | 11,470 | |||
Bravida Holding AB (D) | 55,637 | 883,786 | |||
Bufab AB | 13,625 | 521,121 | |||
Bulten AB | 5,708 | 60,755 | |||
Bure Equity AB | 15,123 | 705,955 | |||
Byggmax Group AB | 28,000 | 248,274 | |||
Catella AB | 3,131 | 13,627 | |||
Catena AB | 10,461 | 676,113 | |||
Cellavision AB | 1,922 | 102,094 | |||
Clas Ohlson AB, B Shares (A)(B) | 9,715 | 115,608 | |||
Cloetta AB, B Shares | 82,385 | 285,085 | |||
Collector AB (A) | 6,689 | 30,322 | |||
Coor Service Management Holding AB (D) | 16,728 | 169,716 | |||
Corem Property Group AB, B Shares | 192,725 | 573,371 | |||
Dios Fastigheter AB | 31,221 | 367,941 | |||
Doro AB (A) | 6,824 | 50,377 | |||
Duni AB (A) | 13,661 | 183,307 | |||
Dustin Group AB (D) | 23,623 | 268,426 | |||
Eastnine AB | 8,575 | 142,751 | |||
Elanders AB, B Shares | 3,277 | 61,290 | |||
Electrolux Professional AB, B Shares (A) | 37,272 | 291,348 | |||
Eltel AB (A)(D) | 12,277 | 27,714 | |||
Enea AB (A) | 7,901 | 203,362 | |||
Episurf Medical AB, B Shares (A) | 25,209 | 10,454 | |||
eWork Group AB | 1,387 | 17,336 | |||
Fagerhult AB | 23,698 | 219,246 | |||
Fastighets AB Trianon | 958 | 27,482 | |||
FastPartner AB, A Shares (B) | 7,767 | 125,799 | |||
FastPartner AB, D Shares | 1,103 | 10,653 | |||
Ferronordic AB | 548 | 15,549 | |||
Fingerprint Cards AB, B Shares (A)(B) | 82,439 | 265,191 | |||
FormPipe Software AB | 2,722 | 9,948 |
83 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Sweden (continued) | |||||
G5 Entertainment AB | 317 | $16,249 | |||
GARO AB | 3,079 | 75,553 | |||
GHP Specialty Care AB | 12,106 | 40,442 | |||
Granges AB | 42,756 | 532,556 | |||
Green Landscaping Group AB (A)(D) | 1,280 | 13,453 | |||
Haldex AB (A) | 17,850 | 102,972 | |||
Heba Fastighets AB, Class B | 11,913 | 216,191 | |||
Hexatronic Group AB | 6,960 | 210,635 | |||
HMS Networks AB | 4,648 | 243,065 | |||
Hoist Finance AB (A)(D) | 26,484 | 105,186 | |||
Humana AB (A) | 17,267 | 144,071 | |||
Instalco AB | 9,252 | 508,258 | |||
Inwido AB | 27,851 | 546,255 | |||
ITAB Shop Concept AB (A) | 7,377 | 14,202 | |||
JM AB | 19,664 | 761,800 | |||
John Mattson Fastighetsforetagen AB (A) | 1,426 | 31,057 | |||
Karnov Group AB | 2,155 | 14,085 | |||
KNOW IT AB | 8,357 | 324,100 | |||
Kungsleden AB | 58,751 | 881,384 | |||
Lagercrantz Group AB, B Shares | 68,039 | 934,049 | |||
LeoVegas AB (D) | 15,080 | 66,539 | |||
Lime Technologies AB | 653 | 30,277 | |||
Lindab International AB | 27,981 | 789,872 | |||
Loomis AB | 16,578 | 514,724 | |||
Mekonomen AB (A) | 16,544 | 311,050 | |||
Micro Systemation AB, Class B | 369 | 2,256 | |||
MIPS AB | 6,450 | 719,123 | |||
Modern Times Group MTG AB, B Shares (A)(B) | 36,780 | 524,782 | |||
Momentum Group AB, Class B | 10,018 | 246,002 | |||
Munters Group AB (D) | 11,674 | 107,461 | |||
Mycronic AB | 19,348 | 597,540 | |||
NCAB Group AB | 662 | 46,539 | |||
NCC AB, B Shares | 17,214 | 308,228 | |||
Nederman Holding AB | 5,899 | 122,355 | |||
Nelly Group AB (A) | 4,136 | 17,003 | |||
Net Insight AB, B Shares (A) | 57,222 | 22,292 | |||
New Wave Group AB, B Shares (A) | 21,560 | 340,407 | |||
Nobia AB | 40,167 | 325,936 | |||
Nobina AB (D) | 34,351 | 315,122 | |||
Nolato AB, B Shares | 74,400 | 860,427 | |||
Nordic Waterproofing Holding AB | 9,734 | 244,053 | |||
Note AB (A) | 2,132 | 33,907 | |||
NP3 Fastigheter AB | 14,544 | 374,106 | |||
Nyfosa AB | 62,366 | 963,308 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 84 |
Shares | Value | ||||
Sweden (continued) | |||||
OEM International AB, B Shares | 16,071 | $278,168 | |||
Orexo AB (A) | 2,352 | 9,945 | |||
Pandox AB (A) | 14,287 | 237,019 | |||
Peab AB, Class B | 24,714 | 295,844 | |||
Platzer Fastigheter Holding AB, Series B | 22,159 | 436,733 | |||
Prevas AB, B Shares | 1,258 | 14,789 | |||
Pricer AB, B Shares | 39,488 | 155,406 | |||
Proact IT Group AB | 11,427 | 100,788 | |||
Qliro AB (A) | 4,136 | 16,628 | |||
Ratos AB, B Shares | 117,755 | 779,073 | |||
RaySearch Laboratories AB (A) | 9,341 | 76,666 | |||
Resurs Holding AB (D) | 53,512 | 273,196 | |||
Rottneros AB | 39,993 | 53,771 | |||
SAS AB (A)(B) | 925,700 | 206,870 | |||
Scandi Standard AB | 16,774 | 114,864 | |||
Scandic Hotels Group AB (A)(B)(D) | 40,540 | 159,034 | |||
Sectra AB, B Shares (A) | 6,997 | 707,300 | |||
Semcon AB | 4,746 | 67,535 | |||
Sensys Gatso Group AB (A) | 223,958 | 31,478 | |||
Sintercast AB | 608 | 10,294 | |||
SkiStar AB (A) | 15,355 | 324,171 | |||
Softronic AB, B Shares | 3,851 | 12,132 | |||
Starbreeze AB (A) | 95,472 | 15,913 | |||
Stendorren Fastigheter AB (A) | 1,585 | 49,433 | |||
Systemair AB | 9,025 | 371,237 | |||
Tethys Oil AB | 3,046 | 17,926 | |||
TF Bank AB | 1,172 | 24,802 | |||
Troax Group AB | 15,646 | 644,023 | |||
VBG Group AB, B Shares | 6,568 | 149,820 | |||
Vitec Software Group AB, B Shares | 2,428 | 140,453 | |||
Volati AB | 1,139 | 19,561 | |||
Wihlborgs Fastigheter AB | 36,553 | 889,799 | |||
Switzerland 6.9% | 61,757,718 | ||||
Adecco Group AG | 1,033 | 57,463 | |||
Allreal Holding AG | 5,130 | 1,079,949 | |||
ALSO Holding AG (A) | 2,545 | 819,119 | |||
APG SGA SA (A) | 514 | 124,877 | |||
Arbonia AG | 17,476 | 362,758 | |||
Aryzta AG (A) | 347,674 | 485,384 | |||
Ascom Holding AG (A) | 6,329 | 100,533 | |||
Autoneum Holding AG (A) | 1,174 | 224,605 | |||
Bachem Holding AG, Class B | 1,701 | 1,245,697 | |||
Baloise Holding AG | 1,525 | 243,180 |
85 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Switzerland (continued) | |||||
Banque Cantonale de Geneve, Bearer Shares | 847 | $155,405 | |||
Banque Cantonale Vaudoise | 5,271 | 446,953 | |||
Belimo Holding AG | 3,480 | 1,814,702 | |||
Bell Food Group AG | 919 | 286,012 | |||
Bellevue Group AG | 3,488 | 172,254 | |||
Berner Kantonalbank AG | 1,951 | 435,808 | |||
BKW AG | 7,486 | 868,223 | |||
Bobst Group SA (A) | 3,690 | 339,628 | |||
Bossard Holding AG, Class A | 2,262 | 760,822 | |||
Bucher Industries AG | 2,707 | 1,369,591 | |||
Burckhardt Compression Holding AG | 1,086 | 429,197 | |||
Burkhalter Holding AG | 1,594 | 115,145 | |||
Bystronic AG | 599 | 842,216 | |||
Calida Holding AG | 2,395 | 118,913 | |||
Carlo Gavazzi Holding AG, Bearer Shares | 231 | 64,440 | |||
Cavotec SA (A) | 16,419 | 44,340 | |||
Cembra Money Bank AG | 10,730 | 784,324 | |||
Cicor Technologies, Ltd. (A) | 495 | 32,994 | |||
Cie Financiere Tradition SA, Bearer Shares | 868 | 105,693 | |||
Clariant AG (A) | 70,991 | 1,494,002 | |||
Coltene Holding AG (A) | 1,519 | 219,163 | |||
Comet Holding AG | 2,242 | 850,951 | |||
Daetwyler Holding AG, Bearer Shares | 348 | 124,321 | |||
DKSH Holding AG | 13,562 | 1,057,717 | |||
dormakaba Holding AG | 1,021 | 736,883 | |||
Dottikon Es Holding AG (A) | 600 | 202,937 | |||
Dufry AG (A) | 19,265 | 1,038,751 | |||
EDAG Engineering Group AG (A) | 3,415 | 47,682 | |||
EFG International AG (A) | 41,392 | 326,516 | |||
Emmi AG | 783 | 903,958 | |||
Energiedienst Holding AG | 4,888 | 208,780 | |||
Evolva Holding SA (A)(B) | 222,970 | 42,218 | |||
Feintool International Holding AG (A) | 656 | 47,493 | |||
Fenix Outdoor International AG | 1,483 | 244,319 | |||
Ferrexpo PLC | 132,893 | 696,515 | |||
Flughafen Zurich AG (A) | 7,003 | 1,164,297 | |||
Forbo Holding AG | 388 | 830,559 | |||
Fundamenta Real Estate AG | 3,596 | 77,341 | |||
Galenica AG (D) | 17,196 | 1,347,071 | |||
GAM Holding AG (A)(B) | 76,402 | 146,300 | |||
Georg Fischer AG | 1,502 | 2,464,733 | |||
Gurit Holding AG, Bearer Shares | 135 | 278,953 | |||
Helvetia Holding AG | 12,955 | 1,483,705 | |||
Hiag Immobilien Holding AG | 2,677 | 296,564 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 86 |
Shares | Value | ||||
Switzerland (continued) | |||||
Highlight Communications AG, Bearer Shares (A) | 4,309 | $19,654 | |||
HOCHDORF Holding AG (A) | 291 | 14,952 | |||
Huber + Suhner AG | 6,529 | 585,725 | |||
Hypothekarbank Lenzburg AG | 17 | 78,913 | |||
Implenia AG (A) | 5,768 | 133,007 | |||
Ina Invest Holding AG (A) | 1,963 | 39,813 | |||
Inficon Holding AG | 649 | 814,137 | |||
Interroll Holding AG | 262 | 1,164,394 | |||
Intershop Holding AG | 559 | 378,585 | |||
Investis Holding SA | 1,197 | 130,585 | |||
IWG PLC (A) | 236,270 | 970,973 | |||
Jungfraubahn Holding AG (A)(B) | 1,918 | 301,533 | |||
Kardex Holding AG | 2,463 | 658,617 | |||
Komax Holding AG (A)(B) | 896 | 253,569 | |||
Kongsberg Automotive ASA (A) | 82,025 | 23,445 | |||
Kudelski SA, Bearer Shares (B) | 14,739 | 67,160 | |||
Landis+Gyr Group AG (A) | 3,210 | 245,464 | |||
Lastminute.com NV (A) | 1,444 | 57,415 | |||
LEM Holding SA | 182 | 469,176 | |||
Luzerner Kantonalbank AG | 1,289 | 585,418 | |||
Medacta Group SA (A)(D) | 810 | 126,611 | |||
Medartis Holding AG (A)(D) | 964 | 133,379 | |||
Meier Tobler Group AG (A) | 2,721 | 58,916 | |||
Metall Zug AG, B Shares | 90 | 213,384 | |||
Mikron Holding AG (A) | 1,756 | 14,042 | |||
Mobilezone Holding AG | 15,596 | 219,996 | |||
Mobimo Holding AG (A) | 2,533 | 893,313 | |||
Novavest Real Estate AG (A) | 771 | 39,124 | |||
OC Oerlikon Corp. AG | 74,439 | 830,478 | |||
Orascom Development Holding AG (A)(B) | 6,368 | 78,248 | |||
Orell Fuessli AG | 223 | 22,638 | |||
Orior AG | 2,567 | 263,407 | |||
Phoenix Mecano AG, Bearer Shares | 307 | 158,925 | |||
Plazza AG, Class A | 228 | 83,186 | |||
PSP Swiss Property AG | 16,489 | 2,211,731 | |||
Rieter Holding AG (A) | 1,430 | 343,357 | |||
Romande Energie Holding SA | 149 | 226,209 | |||
Schaffner Holding AG | 273 | 86,781 | |||
Schweiter Technologies AG, Bearer Shares | 437 | 670,700 | |||
Sensirion Holding AG (A)(D) | 1,799 | 225,757 | |||
SFS Group AG | 6,317 | 901,996 | |||
Siegfried Holding AG (A) | 1,933 | 1,865,929 | |||
SIG Combibloc Group AG (A) | 19,198 | 587,704 | |||
Softwareone Holding AG (A) | 11,454 | 324,504 |
87 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Switzerland (continued) | |||||
St. Galler Kantonalbank AG, Class A | 1,161 | $540,104 | |||
Sulzer AG | 7,405 | 1,116,083 | |||
Swiss Prime Site AG | 12,634 | 1,351,915 | |||
Swiss Steel Holding AG (A)(B) | 218,185 | 102,624 | |||
Swissquote Group Holding SA | 3,479 | 656,786 | |||
Tecan Group AG | 2,316 | 1,413,040 | |||
Thurgauer Kantonalbank | 384 | 44,880 | |||
Tornos Holding AG (A) | 3,182 | 25,173 | |||
TX Group AG (A) | 974 | 113,892 | |||
u-blox Holding AG (A) | 2,977 | 213,600 | |||
Valiant Holding AG | 5,508 | 555,228 | |||
Valora Holding AG (A) | 1,513 | 310,207 | |||
Varia US Properties AG | 1,653 | 70,875 | |||
VAT Group AG (D) | 8,879 | 3,718,971 | |||
Vaudoise Assurances Holding SA | 408 | 206,534 | |||
Vetropack Holding AG | 4,450 | 303,921 | |||
Von Roll Holding AG, Bearer Shares (A) | 24,922 | 27,210 | |||
Vontobel Holding AG | 11,145 | 1,043,416 | |||
VZ Holding AG | 5,067 | 480,058 | |||
V-ZUG Holding AG (A) | 900 | 143,640 | |||
Walliser Kantonalbank | 1,001 | 112,764 | |||
Warteck Invest AG | 79 | 209,674 | |||
Ypsomed Holding AG (B) | 672 | 107,602 | |||
Zehnder Group AG | 4,355 | 470,857 | |||
Zueblin Immobilien Holding AG (A) | 324 | 9,907 | |||
Zug Estates Holding AG, B Shares | 91 | 200,751 | |||
Zuger Kantonalbank AG, Bearer Shares | 50 | 373,202 | |||
United Arab Emirates 0.0% | 160,606 | ||||
Lamprell PLC (A) | 68,445 | 34,972 | |||
Network International Holdings PLC (A)(D) | 20,212 | 108,934 | |||
Shelf Drilling, Ltd. (A)(D) | 33,573 | 16,700 | |||
United Kingdom 13.7% | 122,544,861 | ||||
4imprint Group PLC | 6,886 | 271,791 | |||
A.G. Barr PLC (A) | 40,362 | 309,346 | |||
Advanced Medical Solutions Group PLC | 35,119 | 128,610 | |||
Air Partner PLC | 6,000 | 7,471 | |||
Airtel Africa PLC (D) | 78,914 | 100,902 | |||
AJ Bell PLC | 39,215 | 231,772 | |||
Alfa Financial Software Holdings PLC (D) | 5,200 | 10,689 | |||
Alliance Pharma PLC | 126,363 | 187,786 | |||
Allied Minds PLC (A) | 61,129 | 20,351 | |||
Anglo Pacific Group PLC | 67,662 | 125,542 | |||
Anglo-Eastern Plantations PLC | 9,864 | 87,438 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 88 |
Shares | Value | ||||
United Kingdom (continued) | |||||
AO World PLC (A) | 9,865 | $31,376 | |||
Appreciate Group PLC | 35,409 | 12,949 | |||
Aptitude Software Group PLC | 1,241 | 11,875 | |||
Arrow Global Group PLC (A) | 26,887 | 112,807 | |||
Ascential PLC (A) | 93,176 | 534,529 | |||
Ashmore Group PLC | 105,627 | 580,496 | |||
Avon Protection PLC | 13,037 | 337,696 | |||
Babcock International Group PLC (A) | 183,895 | 918,318 | |||
Bakkavor Group PLC (D) | 32,786 | 52,249 | |||
Balfour Beatty PLC | 234,276 | 920,986 | |||
Beazley PLC (A) | 206,218 | 1,109,135 | |||
Begbies Traynor Group PLC | 38,310 | 75,329 | |||
Bellway PLC | 34,743 | 1,683,786 | |||
Biffa PLC (A)(D) | 74,678 | 401,207 | |||
Bloomsbury Publishing PLC | 38,149 | 185,544 | |||
Bodycote PLC | 76,912 | 1,020,963 | |||
boohoo Group PLC (A) | 11,648 | 45,373 | |||
Braemar Shipping Services PLC | 7,806 | 30,121 | |||
Brewin Dolphin Holdings PLC | 121,582 | 665,547 | |||
Britvic PLC | 91,533 | 1,228,146 | |||
Brooks Macdonald Group PLC | 474 | 15,385 | |||
Bytes Technology Group PLC (A) | 43,120 | 304,345 | |||
Cairn Energy PLC | 215,741 | 571,466 | |||
Camellia PLC | 87 | 7,892 | |||
Capita PLC (A) | 296,230 | 199,404 | |||
Card Factory PLC (A) | 136,843 | 118,659 | |||
CareTech Holdings PLC | 19,375 | 171,584 | |||
Carillion PLC (A)(C) | 114,263 | 15,065 | |||
Carr’s Group PLC | 23,815 | 52,731 | |||
Castings PLC | 13,200 | 67,646 | |||
Central Asia Metals PLC | 34,984 | 120,416 | |||
Centrica PLC (A) | 1,254,139 | 896,211 | |||
Charles Stanley Group PLC | 5,789 | 40,650 | |||
Chemring Group PLC | 105,376 | 482,167 | |||
Chesnara PLC | 61,626 | 254,156 | |||
Cineworld Group PLC (A) | 131,588 | 119,911 | |||
Circassia Group PLC (A) | 16,959 | 8,925 | |||
Clarkson PLC | 11,288 | 593,438 | |||
Clinigen Group PLC | 22,321 | 192,138 | |||
Clipper Logistics PLC | 32,137 | 360,952 | |||
Close Brothers Group PLC | 56,404 | 1,195,177 | |||
CLS Holdings PLC | 66,976 | 220,180 | |||
CMC Markets PLC (D) | 55,565 | 319,745 | |||
Coats Group PLC | 333,960 | 350,624 |
89 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
United Kingdom (continued) | |||||
Computacenter PLC | 31,352 | $1,268,271 | |||
Concentric AB | 14,062 | 300,175 | |||
ContourGlobal PLC (D) | 16,963 | 45,259 | |||
Costain Group PLC (A) | 45,591 | 37,057 | |||
Countryside Properties PLC (A)(D) | 179,569 | 1,389,790 | |||
Cranswick PLC | 19,340 | 1,056,098 | |||
Crest Nicholson Holdings PLC (A) | 107,888 | 622,121 | |||
CVS Group PLC (A) | 18,950 | 647,950 | |||
Daily Mail & General Trust PLC, Class A | 65,879 | 1,002,324 | |||
De La Rue PLC (A) | 64,689 | 157,038 | |||
Debenhams PLC (A)(B)(C) | 306,827 | 0 | |||
Devro PLC | 70,427 | 216,462 | |||
DFS Furniture PLC | 52,460 | 195,305 | |||
Dialight PLC (A) | 10,395 | 54,249 | |||
Dialog Semiconductor PLC (A) | 24,633 | 1,957,966 | |||
Dignity PLC (A)(B) | 21,252 | 221,159 | |||
Diploma PLC | 27,733 | 1,169,895 | |||
DiscoverIE Group PLC | 29,764 | 410,814 | |||
Dixons Carphone PLC | 375,642 | 721,524 | |||
Domino’s Pizza Group PLC | 161,146 | 911,660 | |||
dotdigital Group PLC | 58,741 | 229,020 | |||
Drax Group PLC | 151,314 | 862,876 | |||
Dunelm Group PLC | 32,552 | 575,353 | |||
DWF Group PLC (D) | 15,420 | 24,528 | |||
easyJet PLC (A) | 507 | 5,551 | |||
EKF Diagnostics Holdings PLC | 106,847 | 120,296 | |||
Electrocomponents PLC | 77,838 | 1,139,053 | |||
Elementis PLC (A) | 180,432 | 380,991 | |||
EMIS Group PLC | 18,782 | 356,652 | |||
Endeavour Mining PLC | 57,112 | 1,395,603 | |||
EnQuest PLC (A) | 492,057 | 171,011 | |||
Epwin Group PLC | 19,976 | 32,390 | |||
Equiniti Group PLC (A)(D) | 136,971 | 336,721 | |||
Ergomed PLC (A) | 1,427 | 28,651 | |||
Esken, Ltd. (A) | 117,527 | 22,507 | |||
Essentra PLC | 113,656 | 453,445 | |||
Euromoney Institutional Investor PLC | 44,560 | 633,359 | |||
FD Technologies PLC (A) | 2,775 | 89,774 | |||
FDM Group Holdings PLC | 28,133 | 495,042 | |||
Fevertree Drinks PLC | 35,610 | 1,086,694 | |||
Firstgroup PLC (A) | 533,298 | 661,955 | |||
Forterra PLC (D) | 82,151 | 356,848 | |||
Foxtons Group PLC | 98,524 | 73,215 | |||
Frasers Group PLC (A) | 85,490 | 786,982 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 90 |
Shares | Value | ||||
United Kingdom (continued) | |||||
Frontier Developments PLC (A) | 4,607 | $178,490 | |||
Fuller Smith & Turner PLC, Class A (A) | 10,874 | 115,914 | |||
Funding Circle Holdings PLC (A)(D) | 23,234 | 47,989 | |||
Future PLC | 19,338 | 1,023,966 | |||
Galliford Try Holdings PLC | 47,040 | 109,996 | |||
Games Workshop Group PLC | 8,282 | 1,317,764 | |||
Gamesys Group PLC | 23,885 | 605,982 | |||
Gamma Communications PLC | 12,385 | 391,889 | |||
GB Group PLC | 8,002 | 98,892 | |||
Gem Diamonds, Ltd. | 43,118 | 38,573 | |||
Genel Energy PLC | 61,282 | 113,680 | |||
Genuit Group PLC | 85,251 | 929,772 | |||
Genus PLC | 5,076 | 414,212 | |||
Gooch & Housego PLC | 1,549 | 29,722 | |||
Goodwin PLC | 1,823 | 77,099 | |||
Grainger PLC | 242,462 | 1,066,743 | |||
Greggs PLC (A) | 36,911 | 1,539,731 | |||
Gulf Keystone Petroleum, Ltd. | 90,739 | 197,065 | |||
H&T Group PLC | 64 | 265 | |||
Halfords Group PLC | 66,664 | 333,624 | |||
Harbour Energy PLC (A) | 12,851 | 63,136 | |||
Hays PLC (A) | 559,083 | 1,223,933 | |||
Headlam Group PLC | 33,700 | 239,468 | |||
Helical PLC | 46,367 | 302,739 | |||
Helios Towers PLC (A) | 34,801 | 83,705 | |||
Henry Boot PLC | 36,616 | 138,384 | |||
Hill & Smith Holdings PLC | 32,854 | 837,188 | |||
Hilton Food Group PLC | 19,067 | 311,462 | |||
Hollywood Bowl Group PLC (A) | 46,019 | 151,185 | |||
HomeServe PLC | 1,638 | 21,090 | |||
Hunting PLC | 55,986 | 161,415 | |||
Hyve Group PLC (A) | 76,614 | 126,471 | |||
Ibstock PLC (D) | 154,024 | 507,423 | |||
IDOX PLC | 11,422 | 12,094 | |||
IG Group Holdings PLC | 101,285 | 1,304,283 | |||
IMI PLC | 82,904 | 2,078,950 | |||
Impax Asset Management Group PLC | 7,399 | 120,207 | |||
Inchcape PLC | 145,142 | 1,835,650 | |||
Indivior PLC (A) | 204,919 | 547,799 | |||
IntegraFin Holdings PLC | 56,787 | 452,624 | |||
International Personal Finance PLC (A) | 112,833 | 229,679 | |||
iomart Group PLC | 31,934 | 105,379 | |||
IP Group PLC | 310,107 | 541,518 | |||
IQE PLC (A) | 17,476 | 12,596 |
91 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
United Kingdom (continued) | |||||
J.D. Wetherspoon PLC (A) | 29,287 | $447,901 | |||
James Fisher & Sons PLC | 19,159 | 258,321 | |||
James Halstead PLC | 10,853 | 85,685 | |||
JET2 PLC (A) | 29,187 | 463,770 | |||
John Laing Group PLC (D) | 131,318 | 723,683 | |||
John Menzies PLC (A) | 26,768 | 120,022 | |||
John Wood Group PLC (A) | 178,311 | 612,651 | |||
Johnson Service Group PLC (A) | 88,694 | 180,148 | |||
Joules Group PLC (A) | 1,304 | 4,545 | |||
Jupiter Fund Management PLC | 169,823 | 623,009 | |||
Just Group PLC (A) | 425,359 | 545,870 | |||
Kainos Group PLC | 25,158 | 678,533 | |||
Keller Group PLC | 30,737 | 422,517 | |||
Kier Group PLC (A)(B) | 111,930 | 197,784 | |||
Kin & Carta PLC (A) | 65,800 | 248,108 | |||
Lancashire Holdings, Ltd. | 86,022 | 738,783 | |||
Learning Technologies Group PLC | 69,844 | 219,959 | |||
Liontrust Asset Management PLC | 6,812 | 220,274 | |||
Lookers PLC (A) | 168,184 | 154,492 | |||
LSL Property Services PLC | 33,235 | 215,936 | |||
Luceco PLC (D) | 36,040 | 224,940 | |||
M&C Saatchi PLC (A) | 32 | 61 | |||
Macfarlane Group PLC | 1,728 | 3,309 | |||
Man Group PLC | 559,207 | 1,661,308 | |||
Marks & Spencer Group PLC (A) | 407,541 | 1,007,401 | |||
Marshalls PLC | 78,827 | 876,858 | |||
Marston’s PLC (A) | 244,595 | 290,984 | |||
McBride PLC (A) | 58,943 | 63,628 | |||
Mears Group PLC (A) | 41,935 | 125,746 | |||
Meggitt PLC (A) | 160,510 | 1,832,041 | |||
Metro Bank PLC (A) | 2,940 | 4,195 | |||
Micro Focus International PLC | 36,049 | 220,472 | |||
Midwich Group PLC | 2,530 | 21,071 | |||
Mitchells & Butlers PLC (A) | 140,848 | 570,123 | |||
Mitie Group PLC (A) | 489,675 | 510,144 | |||
MJ Gleeson PLC | 19,340 | 221,195 | |||
Moneysupermarket.com Group PLC | 173,036 | 603,374 | |||
Morgan Advanced Materials PLC | 115,462 | 637,463 | |||
Morgan Sindall Group PLC | 15,566 | 549,893 | |||
Morses Club PLC | 5,182 | 5,272 | |||
Mortgage Advice Bureau Holdings, Ltd. | 8,271 | 163,951 | |||
Motorpoint group PLC (A) | 20,167 | 93,828 | |||
MP Evans Group PLC | 6,022 | 59,255 | |||
N. Brown Group PLC (A) | 58,390 | 42,955 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 92 |
Shares | Value | ||||
United Kingdom (continued) | |||||
Naked Wines PLC (A) | 8,393 | $97,126 | |||
National Express Group PLC (A) | 190,812 | 674,051 | |||
NCC Group PLC | 114,776 | 509,938 | |||
Next Fifteen Communications Group PLC | 16,604 | 240,409 | |||
Nichols PLC | 1,774 | 32,127 | |||
Ninety One PLC | 68,431 | 240,117 | |||
Norcros PLC | 20,215 | 82,915 | |||
Numis Corp. PLC | 26,686 | 137,452 | |||
On the Beach Group PLC (A)(D) | 42,062 | 203,943 | |||
OSB Group PLC | 81,196 | 569,637 | |||
Oxford Instruments PLC | 21,779 | 784,890 | |||
PageGroup PLC (A) | 118,349 | 1,026,915 | |||
Pan African Resources PLC | 407,545 | 95,297 | |||
Pantheon Resources PLC (A) | 33,186 | 27,256 | |||
Paragon Banking Group PLC | 105,436 | 814,852 | |||
PayPoint PLC | 22,715 | 221,590 | |||
Pendragon PLC (A) | 507,217 | 132,406 | |||
Pennon Group PLC | 20,293 | 348,583 | |||
Petrofac, Ltd. (A)(B) | 90,291 | 130,805 | |||
Pets at Home Group PLC | 179,710 | 1,237,521 | |||
Pharos Energy PLC (A) | 103,615 | 28,497 | |||
Photo-Me International PLC (A) | 110,712 | 105,835 | |||
Polar Capital Holdings PLC | 22,271 | 269,098 | |||
Porvair PLC | 10,112 | 91,985 | |||
Premier Foods PLC | 275,473 | 458,511 | |||
Provident Financial PLC (A) | 72,617 | 355,984 | |||
Purplebricks Group PLC (A) | 17,199 | 13,496 | |||
PZ Cussons PLC | 89,165 | 295,735 | |||
QinetiQ Group PLC | 211,085 | 1,002,844 | |||
Quilter PLC (D) | 639,531 | 1,329,270 | |||
Rank Group PLC (A) | 69,151 | 169,299 | |||
Rathbone Brothers PLC | 19,140 | 538,179 | |||
Reach PLC | 142,054 | 799,406 | |||
Record PLC | 16,553 | 19,739 | |||
Redcentric PLC | 1,167 | 2,136 | |||
Redde Northgate PLC | 68,991 | 414,234 | |||
Redrow PLC | 99,138 | 968,741 | |||
Renew Holdings PLC | 13,808 | 145,597 | |||
Renewi PLC (A) | 32,464 | 244,378 | |||
Renishaw PLC | 5,623 | 417,697 | |||
Ricardo PLC | 19,037 | 99,688 | |||
River & Mercantile Group PLC | 4,888 | 15,144 | |||
RM PLC | 12,019 | 39,584 | |||
Robert Walters PLC | 17,111 | 164,762 |
93 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
United Kingdom (continued) | |||||
Rotork PLC | 319,702 | $1,467,622 | |||
Royal Mail PLC | 325,910 | 2,219,699 | |||
RPS Group PLC (A) | 86,944 | 133,697 | |||
RWS Holdings PLC | 58,948 | 526,460 | |||
S&U PLC | 1,096 | 42,855 | |||
Sabre Insurance Group PLC (D) | 56,606 | 171,970 | |||
Saga PLC (A) | 41,405 | 203,359 | |||
Savills PLC | 54,439 | 1,022,907 | |||
ScS Group PLC | 4,496 | 18,576 | |||
Senior PLC (A) | 155,861 | 379,657 | |||
Serco Group PLC | 114,173 | 209,364 | |||
Serica Energy PLC | 14,772 | 32,021 | |||
Severfield PLC | 117,388 | 131,026 | |||
SIG PLC (A) | 325,307 | 236,779 | |||
Smart Metering Systems PLC | 17,727 | 235,024 | |||
Smiths News PLC | 42,303 | 23,444 | |||
Softcat PLC | 27,709 | 805,455 | |||
Spectris PLC | 27,766 | 1,504,874 | |||
Speedy Hire PLC | 222,589 | 212,017 | |||
Spire Healthcare Group PLC (A)(D) | 99,139 | 320,618 | |||
Spirent Communications PLC | 202,832 | 830,716 | |||
Sportech PLC (A) | 21,102 | 11,390 | |||
SSP Group PLC (A) | 210,302 | 789,264 | |||
Stagecoach Group PLC (A) | 144,385 | 142,536 | |||
SThree PLC | 43,418 | 311,378 | |||
Stock Spirits Group PLC | 71,054 | 384,501 | |||
Stolt-Nielsen, Ltd. | 5,746 | 71,619 | |||
Studio Retail Group PLC (A) | 18,987 | 74,322 | |||
STV Group PLC | 8,849 | 44,321 | |||
Superdry PLC (A) | 17,005 | 81,032 | |||
Synthomer PLC | 136,757 | 1,007,108 | |||
Tate & Lyle PLC | 160,966 | 1,563,325 | |||
Tatton Asset Management PLC | 9,513 | 67,328 | |||
TClarke PLC | 22,432 | 40,679 | |||
Ted Baker PLC (A) | 28,648 | 60,482 | |||
Telecom Plus PLC | 23,239 | 329,363 | |||
Telit Communications PLC (A) | 27,359 | 86,057 | |||
The Go-Ahead Group PLC (A) | 17,259 | 223,664 | |||
The Gym Group PLC (A)(D) | 50,921 | 199,166 | |||
The Parkmead Group PLC (A) | 14,125 | 8,004 | |||
The Restaurant Group PLC (A) | 170,186 | 282,688 | |||
The Vitec Group PLC | 13,617 | 300,011 | |||
Thomas Cook Group PLC (A)(C) | 415,078 | 0 | |||
Topps Tiles PLC (A) | 62,375 | 63,338 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 94 |
Shares | Value | ||||
United Kingdom (continued) | |||||
TORM PLC, Class A (A) | 11,033 | $85,393 | |||
TP Icap Group PLC | 283,592 | 793,211 | |||
Travis Perkins PLC (A) | 59,014 | 1,462,062 | |||
Treatt PLC | 5,244 | 76,442 | |||
Trellus Health PLC (A) | 6,575 | 5,200 | |||
Trifast PLC (A) | 32,876 | 66,866 | |||
TT Electronics PLC | 72,532 | 282,197 | |||
Tullow Oil PLC (A) | 937,464 | 387,229 | |||
Tyman PLC | 29,954 | 171,125 | |||
U & I Group PLC (A) | 64,085 | 77,637 | |||
ULS Technology PLC (A) | 8,708 | 9,572 | |||
Ultra Electronics Holdings PLC | 25,811 | 1,138,018 | |||
Vectura Group PLC | 264,094 | 595,093 | |||
Vertu Motors PLC (A) | 137,576 | 102,165 | |||
Vesuvius PLC | 86,307 | 667,016 | |||
Victrex PLC | 30,736 | 1,121,349 | |||
Virgin Money UK PLC (A) | 258,771 | 756,109 | |||
Vistry Group PLC | 80,821 | 1,346,133 | |||
Vivo Energy PLC (D) | 88,062 | 131,363 | |||
Volex PLC | 43,306 | 247,276 | |||
Volution Group PLC | 50,383 | 364,627 | |||
VP PLC | 3,980 | 53,005 | |||
Watches of Switzerland Group PLC (A)(D) | 29,389 | 410,599 | |||
Watkin Jones PLC | 52,982 | 173,342 | |||
WH Smith PLC (A) | 41,205 | 926,136 | |||
Wickes Group PLC (A) | 89,428 | 295,156 | |||
Wilmington PLC | 8,311 | 25,365 | |||
Wincanton PLC | 51,731 | 284,547 | |||
Xaar PLC (A) | 24,649 | 76,565 | |||
Young & Company’s Brewery PLC (A) | 1,071 | 13,695 | |||
Young & Company’s Brewery PLC, Class A (A) | 4,864 | 107,308 | |||
Zotefoams PLC | 1,955 | 11,840 | |||
United States 0.5% | 4,312,928 | ||||
Argonaut Gold, Inc. (A) | 105,540 | 263,505 | |||
Arko Corp. (A) | 7,296 | 75,445 | |||
Atlantic Sapphire ASA (A) | 1,886 | 10,193 | |||
Aura Minerals, Inc. | 700 | 8,533 | |||
Burford Capital, Ltd. | 27,708 | 344,469 | |||
Diversified Energy Company PLC | 25,946 | 39,856 | |||
Energy Fuels, Inc. (A)(B) | 20,569 | 111,351 | |||
Frontage Holdings Corp. (A)(D) | 48,000 | 32,274 | |||
Invesque, Inc. (A)(B) | 13,800 | 33,672 | |||
Ovintiv, Inc. | 11,577 | 315,198 |
95 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
United States (continued) | |||||
Primo Water Corp. | 45,161 | $802,528 | |||
PureTech Health PLC (A) | 59,300 | 286,853 | |||
REC Silicon ASA (A) | 90,960 | 165,417 | |||
Reliance Worldwide Corp., Ltd. | 151,907 | 647,254 | |||
Samsonite International SA (A)(D) | 115,800 | 242,657 | |||
Sims, Ltd. | 63,065 | 692,953 | |||
Viemed Healthcare, Inc. (A) | 1,216 | 7,795 | |||
Vobile Group, Ltd. (A)(B) | 232,000 | 232,975 | |||
Preferred securities 0.4% | $3,613,369 | ||||
(Cost $2,270,918) | |||||
Germany 0.4% | 3,613,369 | ||||
Biotest AG | 6,823 | 277,738 | |||
Draegerwerk AG & Company KGaA | 3,474 | 293,387 | |||
Fuchs Petrolub SE | 23,684 | 1,199,330 | |||
Jungheinrich AG | 18,475 | 997,751 | |||
Sixt SE | 6,307 | 495,703 | |||
STO SE & Company KGaA | 1,084 | 251,232 | |||
Villeroy & Boch AG | 3,600 | 98,228 | |||
Rights 0.0% | $78,667 | ||||
(Cost $44,296) | |||||
CA Immobilien Anlagen AG (Expiration Date: 5-3-49) (A)(C)(E) | 26,605 | 62,828 | |||
FastPartner AB (Expiration Date: 9-7-21; Strike Price: SEK 81.00) (A) | 8,870 | 24 | |||
Lai Sun Development Company, Ltd. (Expiration Date: 9-28-21; Strike Price: HKD 3.43) (A) | 42,393 | 9,212 | |||
Sembcorp Marine, Ltd. (Expiration Date: 9-15-21; Strike Price: SGD 0.08) (A) | 2,959,069 | 6,603 | |||
Warrants 0.0% | $15,522 | ||||
(Cost $0) | |||||
APAC Resources, Ltd. (Strike Price: HKD 1.20) (A)(E) | 36,434 | 1,124 | |||
Cenovus Energy, Inc. (Expiration Date: 1-1-26; Strike Price: CAD 6.54) (A) | 891 | 4,075 | |||
Intek Group SpA (Expiration Date: 6-28-24; Strike Price: EUR 0.40) (A) | 26,788 | 1,797 | |||
Treasury Metals, Inc. (Expiration Date: 8-7-23; Strike Price: CAD 1.50) (A) | 2,119 | 504 | |||
Webuild SpA (Expiration Date: 8-2-30) (A)(E) | 5,705 | 8,022 | |||
Yield (%) | Shares | Value | |||
Short-term investments 1.9% | $16,515,754 | ||||
(Cost $16,506,359) | |||||
Short-term funds 1.9% | 16,515,754 | ||||
John Hancock Collateral Trust (F) | 0.0356(G) | 1,650,404 | 16,515,754 |
Total investments (Cost $667,543,555) 101.0% | $901,348,238 | ||||
Other assets and liabilities, net (1.0%) | (8,606,617) | ||||
Total net assets 100.0% | $892,741,621 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 96 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | |
Currency Abbreviations | |
CAD | Canadian Dollar |
EUR | Euro |
HKD | Hong Kong Dollar |
SEK | Swedish Krona |
SGD | Singapore Dollar |
Security Abbreviations and Legend | |
ADR | American Depositary Receipt |
CVR | Contingent Value Right |
(A) | Non-income producing security. |
(B) | All or a portion of this security is on loan as of 8-31-21. |
(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) | 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. |
(E) | Strike price and/or expiration date not available. |
(F) | Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |
(G) | The rate shown is the annualized seven-day yield as of 8-31-21. |
97 | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Open contracts | Number of contracts | Position | Expiration date | Notional basis^ | Notional value^ | Unrealized appreciation (depreciation) |
Mini MSCI EAFE Index Futures | 31 | Long | Sep 2021 | $3,549,403 | $3,642,345 | $92,942 |
$92,942 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL SMALL COMPANY FUND | 98 |
(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. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.
Not applicable.
ITEM 10. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
The registrant has adopted procedures by which shareholders may recommend nominees to the registrant's Board of Trustees. A copy of the procedures is filed as an exhibit to this Form
N-CSR. See attached "John Hancock Funds – Nominating, Governance and Administration Committee Charter".
ITEM 11. CONTROLS AND PROCEDURES.
(a)Based upon their evaluation of the registrant's disclosure controls and procedures as conducted within 90 days of the filing date of this Form N-CSR, the registrant's principal executive officer and principal financial officer have concluded that those disclosure controls and procedures provide reasonable assurance that the material information required to be disclosed by the registrant on this report is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms.
(b)There were no changes in the registrant's internal control over financial reporting that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.
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 Arnott
Andrew Arnott
President
Date: October 12, 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 Arnott
Andrew Arnott
President
Date: October 12, 2021
/s/ Charles A. Rizzo
Charles A. Rizzo
Chief Financial Officer
Date: October 12, 2021