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) 543-9634
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Date of fiscal year end: 7/31
Date of reporting period: 1/31/24
ITEM 1. REPORTS TO STOCKHOLDERS.
The Registrant prepared the following semiannual reports to shareholders for the period ended January 31, 2024:
John Hancock Funds II:
•John Hancock Fundamental All Cap Core Fund
•John Hancock Multi-Asset Absolute Return Fund
United States and Europe
Manulife Investment Management
John Hancock Investment Management
SEMIANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL ALL CAP CORE FUND | 1 |
2 | JOHN HANCOCK FUNDAMENTAL ALL CAP CORE FUND | SEMIANNUAL REPORT |
TOP 10 HOLDINGS AS OF 1/31/2024 (% of net assets) | |
Amazon.com, Inc. | 7.9 |
Alphabet, Inc., Class A | 5.5 |
NVIDIA Corp. | 4.7 |
Lennar Corp., A Shares | 4.5 |
KKR & Company, Inc. | 4.2 |
Apple, Inc. | 4.0 |
Crown Castle, Inc. | 3.6 |
First Hawaiian, Inc. | 3.5 |
The Goldman Sachs Group, Inc. | 3.4 |
Salesforce, Inc. | 3.4 |
TOTAL | 44.7 |
Cash and cash equivalents are not included. |
SEMIANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL ALL CAP CORE FUND | 3 |
4 | JOHN HANCOCK FUNDAMENTAL ALL CAP CORE FUND | SEMIANNUAL REPORT |
Account value on 8-1-2023 | Ending value on 1-31-2024 | Expenses paid during period ended 1-31-20241 | Annualized expense ratio | ||
Class A | Actual expenses/actual returns | $1,000.00 | $1,062.90 | $5.86 | 1.13% |
Hypothetical example | 1,000.00 | 1,019.50 | 5.74 | 1.13% | |
Class C | Actual expenses/actual returns | 1,000.00 | 1,059.20 | 9.47 | 1.83% |
Hypothetical example | 1,000.00 | 1,015.90 | 9.27 | 1.83% | |
Class I | Actual expenses/actual returns | 1,000.00 | 1,064.60 | 4.31 | 0.83% |
Hypothetical example | 1,000.00 | 1,021.00 | 4.22 | 0.83% | |
Class R2 | Actual expenses/actual returns | 1,000.00 | 1,062.50 | 6.27 | 1.21% |
Hypothetical example | 1,000.00 | 1,019.10 | 6.14 | 1.21% | |
Class R4 | Actual expenses/actual returns | 1,000.00 | 1,064.20 | 4.62 | 0.89% |
Hypothetical example | 1,000.00 | 1,020.70 | 4.52 | 0.89% | |
Class R6 | Actual expenses/actual returns | 1,000.00 | 1,065.10 | 3.74 | 0.72% |
Hypothetical example | 1,000.00 | 1,021.50 | 3.66 | 0.72% |
1 | Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/366 (to reflect the one-half year period). |
SEMIANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL ALL CAP CORE FUND | 5 |
Shares | Value | ||||
Common stocks 96.5% | $391,980,504 | ||||
(Cost $308,375,765) | |||||
Communication services 10.0% | 40,418,668 | ||||
Entertainment 3.6% | |||||
Atlanta Braves Holdings, Inc., Series C (A) | 4,563 | 183,935 | |||
Liberty Media Corp.-Liberty Formula One, Series C (A) | 141,778 | 9,534,571 | |||
Liberty Media Corp.-Liberty Live, Series C (A) | 6,074 | 226,378 | |||
Warner Brothers Discovery, Inc. (A) | 469,504 | 4,704,430 | |||
Interactive media and services 6.4% | |||||
Alphabet, Inc., Class A (A) | 159,659 | 22,368,226 | |||
CarGurus, Inc. (A) | 146,348 | 3,401,128 | |||
Consumer discretionary 20.3% | 82,473,250 | ||||
Automobile components 0.3% | |||||
Mobileye Global, Inc., Class A (A) | 44,975 | 1,163,054 | |||
Broadline retail 7.9% | |||||
Amazon.com, Inc. (A) | 205,036 | 31,821,587 | |||
Household durables 5.9% | |||||
Lennar Corp., A Shares | 122,274 | 18,322,759 | |||
NVR, Inc. (A) | 810 | 5,730,985 | |||
Leisure products 1.6% | |||||
Polaris, Inc. | 71,806 | 6,459,668 | |||
Specialty retail 3.3% | |||||
Avolta AG (A) | 118,361 | 4,521,962 | |||
Group 1 Automotive, Inc. | 34,705 | 9,025,382 | |||
Textiles, apparel and luxury goods 1.3% | |||||
Canada Goose Holdings, Inc. (A) | 280,069 | 3,358,027 | |||
Salvatore Ferragamo SpA | 162,280 | 2,069,826 | |||
Consumer staples 3.4% | 13,917,566 | ||||
Beverages 1.7% | |||||
Anheuser-Busch InBev SA/NV, ADR | 113,781 | 7,024,839 | |||
Consumer staples distribution and retail 1.1% | |||||
Walmart, Inc. | 27,859 | 4,603,700 | |||
Food products 0.6% | |||||
The Hain Celestial Group, Inc. (A) | 213,728 | 2,289,027 | |||
Energy 4.2% | 16,928,576 | ||||
Oil, gas and consumable fuels 4.2% | |||||
Cheniere Energy, Inc. | 67,999 | 11,151,156 | |||
Suncor Energy, Inc. | 174,439 | 5,777,420 |
6 | JOHN HANCOCK FUNDAMENTAL ALL CAP CORE FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Financials 16.5% | $67,122,770 | ||||
Banks 3.5% | |||||
First Hawaiian, Inc. | 652,832 | 14,159,926 | |||
Capital markets 13.0% | |||||
KKR & Company, Inc. | 195,319 | 16,910,719 | |||
Morgan Stanley | 155,338 | 13,551,687 | |||
S&P Global, Inc. | 18,952 | 8,497,129 | |||
The Goldman Sachs Group, Inc. | 36,466 | 14,003,309 | |||
Health care 6.2% | 25,344,547 | ||||
Biotechnology 1.2% | |||||
Alnylam Pharmaceuticals, Inc. (A) | 10,133 | 1,752,097 | |||
Moderna, Inc. (A) | 31,294 | 3,162,259 | |||
Health care equipment and supplies 2.0% | |||||
Hologic, Inc. (A) | 113,086 | 8,418,122 | |||
Health care providers and services 1.7% | |||||
Elevance Health, Inc. | 14,012 | 6,914,081 | |||
Life sciences tools and services 0.7% | |||||
Thermo Fisher Scientific, Inc. | 5,095 | 2,746,103 | |||
Pharmaceuticals 0.6% | |||||
Elanco Animal Health, Inc. (A) | 159,558 | 2,351,885 | |||
Industrials 6.0% | 24,463,551 | ||||
Electrical equipment 2.0% | |||||
Regal Rexnord Corp. | 49,748 | 6,639,368 | |||
Sensata Technologies Holding PLC | 39,363 | 1,423,760 | |||
Machinery 1.6% | |||||
Parker-Hannifin Corp. | 14,172 | 6,582,894 | |||
Trading companies and distributors 2.4% | |||||
United Rentals, Inc. | 15,698 | 9,817,529 | |||
Information technology 24.7% | 100,327,116 | ||||
Semiconductors and semiconductor equipment 9.3% | |||||
Analog Devices, Inc. | 64,847 | 12,473,969 | |||
NVIDIA Corp. | 30,863 | 18,989,078 | |||
Texas Instruments, Inc. | 39,297 | 6,292,236 | |||
Software 11.4% | |||||
Autodesk, Inc. (A) | 22,798 | 5,786,360 | |||
Microsoft Corp. | 11,702 | 4,652,481 | |||
Oracle Corp. | 57,405 | 6,412,139 | |||
Roper Technologies, Inc. | 11,923 | 6,402,651 | |||
Salesforce, Inc. (A) | 49,461 | 13,902,992 | |||
Workday, Inc., Class A (A) | 31,477 | 9,162,010 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL ALL CAP CORE FUND | 7 |
Shares | Value | ||||
Information technology (continued) | |||||
Technology hardware, storage and peripherals 4.0% | |||||
Apple, Inc. | 88,141 | $16,253,200 | |||
Materials 1.1% | 4,548,623 | ||||
Chemicals 1.1% | |||||
Axalta Coating Systems, Ltd. (A) | 140,303 | 4,548,623 | |||
Real estate 4.1% | 16,435,837 | ||||
Real estate management and development 0.3% | |||||
Five Point Holdings LLC, Class A (A) | 269,007 | 938,834 | |||
Specialized REITs 3.8% | |||||
American Tower Corp. | 5,356 | 1,047,901 | |||
Crown Castle, Inc. | 133,479 | 14,449,102 | |||
Yield (%) | Shares | Value | |||
Short-term investments 2.9% | $11,531,266 | ||||
(Cost $11,529,857) | |||||
Short-term funds 2.9% | 11,531,266 | ||||
John Hancock Collateral Trust (B) | 5.3658(C) | 1,152,954 | 11,531,266 |
Total investments (Cost $319,905,622) 99.4% | $403,511,770 | ||||
Other assets and liabilities, net 0.6% | 2,534,862 | ||||
Total net assets 100.0% | $406,046,632 |
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) | Investment is an affiliate of the fund, the advisor and/or subadvisor. |
(C) | The rate shown is the annualized seven-day yield as of 1-31-24. |
8 | JOHN HANCOCK FUNDAMENTAL ALL CAP CORE FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Assets | |
Unaffiliated investments, at value (Cost $308,375,765) | $391,980,504 |
Affiliated investments, at value (Cost $11,529,857) | 11,531,266 |
Total investments, at value (Cost $319,905,622) | 403,511,770 |
Foreign currency, at value (Cost $53) | 52 |
Dividends and interest receivable | 298,197 |
Receivable for fund shares sold | 3,287,248 |
Receivable from affiliates | 1,505 |
Other assets | 81,502 |
Total assets | 407,180,274 |
Liabilities | |
Payable for fund shares repurchased | 1,028,817 |
Payable to affiliates | |
Accounting and legal services fees | 17,740 |
Transfer agent fees | 33,008 |
Distribution and service fees | 35 |
Trustees’ fees | 141 |
Other liabilities and accrued expenses | 53,901 |
Total liabilities | 1,133,642 |
Net assets | $406,046,632 |
Net assets consist of | |
Paid-in capital | $333,988,299 |
Total distributable earnings (loss) | 72,058,333 |
Net assets | $406,046,632 |
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 ($127,529,499 ÷ 4,227,388 shares)1 | $30.17 |
Class C ($15,291,738 ÷ 544,065 shares)1 | $28.11 |
Class I ($183,367,259 ÷ 5,908,099 shares) | $31.04 |
Class R2 ($155,791 ÷ 5,143 shares) | $30.29 |
Class R4 ($99,610 ÷ 3,226 shares) | $30.88 |
Class R6 ($79,602,735 ÷ 2,548,917 shares) | $31.23 |
Maximum offering price per share | |
Class A (net asset value per share ÷ 95%)2 | $31.76 |
1 | Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
2 | On single retail sales of less than $50,000. On sales of $50,000 or more and on group sales the offering price is reduced. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL ALL CAP CORE FUND | 9 |
Investment income | |
Dividends | $2,086,864 |
Dividends from affiliated investments | 271,878 |
Other income | 52 |
Less foreign taxes withheld | (19,004) |
Total investment income | 2,339,790 |
Expenses | |
Investment management fees | 1,176,535 |
Distribution and service fees | 234,183 |
Accounting and legal services fees | 35,135 |
Transfer agent fees | 169,735 |
Trustees’ fees | 3,835 |
Custodian fees | 27,426 |
State registration fees | 64,618 |
Printing and postage | 16,209 |
Professional fees | 60,266 |
Other | 10,671 |
Total expenses | 1,798,613 |
Less expense reductions | (156,151) |
Net expenses | 1,642,462 |
Net investment income | 697,328 |
Realized and unrealized gain (loss) | |
Net realized gain (loss) on | |
Unaffiliated investments and foreign currency transactions | 5,150,731 |
Affiliated investments | 4,567 |
5,155,298 | |
Change in net unrealized appreciation (depreciation) of | |
Unaffiliated investments and translation of assets and liabilities in foreign currencies | 19,741,738 |
Affiliated investments | 1,266 |
19,743,004 | |
Net realized and unrealized gain | 24,898,302 |
Increase in net assets from operations | $25,595,630 |
10 | JOHN HANCOCK FUNDAMENTAL ALL CAP CORE FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Six months ended 1-31-24 (unaudited) | Year ended 7-31-23 | |
Increase (decrease) in net assets | ||
From operations | ||
Net investment income | $697,328 | $480,486 |
Net realized gain (loss) | 5,155,298 | (16,022,090) |
Change in net unrealized appreciation (depreciation) | 19,743,004 | 49,847,498 |
Increase in net assets resulting from operations | 25,595,630 | 34,305,894 |
Distributions to shareholders | ||
From earnings | ||
Class A | (156,556) | (4,240,407) |
Class C | — | (479,220) |
Class I | (599,500) | (3,616,165) |
Class R2 | (68) | (5,547) |
Class R4 | (314) | (3,639) |
Class R6 | (345,150) | (2,682,185) |
Total distributions | (1,101,588) | (11,027,163) |
From fund share transactions | 62,678,278 | 14,058,030 |
Total increase | 87,172,320 | 37,336,761 |
Net assets | ||
Beginning of period | 318,874,312 | 281,537,551 |
End of period | $406,046,632 | $318,874,312 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL ALL CAP CORE FUND | 11 |
CLASS A SHARES Period ended | 1-31-241 | 7-31-23 | 7-31-22 | 7-31-21 | 7-31-20 | 7-31-19 |
Per share operating performance | ||||||
Net asset value, beginning of period | $28.42 | $26.23 | $29.93 | $21.48 | $18.51 | $19.84 |
Net investment income (loss)2 | 0.03 | —3 | (0.06) | (0.10) | (0.02) | —3 |
Net realized and unrealized gain (loss) on investments | 1.76 | 3.36 | (2.58) | 9.29 | 2.99 | 0.12 |
Total from investment operations | 1.79 | 3.36 | (2.64) | 9.19 | 2.97 | 0.12 |
Less distributions | ||||||
From net investment income | (0.04) | — | — | — | —3 | — |
From net realized gain | — | (1.17) | (1.06) | (0.74) | — | (1.45) |
Total distributions | (0.04) | (1.17) | (1.06) | (0.74) | —3 | (1.45) |
Net asset value, end of period | $30.17 | $28.42 | $26.23 | $29.93 | $21.48 | $18.51 |
Total return (%)4,5 | 6.296 | 14.00 | (9.29) | 43.58 | 16.05 | 2.60 |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $128 | $112 | $91 | $74 | $53 | $49 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 1.227 | 1.24 | 1.23 | 1.31 | 1.40 | 1.36 |
Expenses including reductions | 1.137 | 1.13 | 1.12 | 1.24 | 1.27 | 1.28 |
Net investment income (loss) | 0.227 | —8 | (0.21) | (0.39) | (0.11) | 0.01 |
Portfolio turnover (%) | 6 | 36 | 25 | 18 | 22 | 21 |
1 | Six months ended 1-31-24. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Less than $0.005 per share. |
4 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
5 | Does not reflect the effect of sales charges, if any. |
6 | Not annualized. |
7 | Annualized. |
8 | Less than 0.005%. |
12 | JOHN HANCOCK FUNDAMENTAL ALL CAP CORE FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS C SHARES Period ended | 1-31-241 | 7-31-23 | 7-31-22 | 7-31-21 | 7-31-20 | 7-31-19 |
Per share operating performance | ||||||
Net asset value, beginning of period | $26.54 | $24.75 | $28.48 | $20.62 | $17.89 | $19.36 |
Net investment loss2 | (0.06) | (0.17) | (0.24) | (0.27) | (0.15) | (0.12) |
Net realized and unrealized gain (loss) on investments | 1.63 | 3.13 | (2.43) | 8.87 | 2.88 | 0.10 |
Total from investment operations | 1.57 | 2.96 | (2.67) | 8.60 | 2.73 | (0.02) |
Less distributions | ||||||
From net realized gain | — | (1.17) | (1.06) | (0.74) | — | (1.45) |
Net asset value, end of period | $28.11 | $26.54 | $24.75 | $28.48 | $20.62 | $17.89 |
Total return (%)3,4 | 5.925 | 13.19 | (9.88) | 42.51 | 15.26 | 1.90 |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $15 | $12 | $10 | $8 | $6 | $6 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 1.926 | 1.94 | 1.93 | 2.01 | 2.10 | 2.06 |
Expenses including reductions | 1.836 | 1.83 | 1.82 | 1.94 | 1.97 | 1.98 |
Net investment loss | (0.49)6 | (0.71) | (0.91) | (1.09) | (0.81) | (0.69) |
Portfolio turnover (%) | 6 | 36 | 25 | 18 | 22 | 21 |
1 | Six months ended 1-31-24. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Does not reflect the effect of sales charges, if any. |
5 | Not annualized. |
6 | Annualized. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL ALL CAP CORE FUND | 13 |
CLASS I SHARES Period ended | 1-31-241 | 7-31-23 | 7-31-22 | 7-31-21 | 7-31-20 | 7-31-19 |
Per share operating performance | ||||||
Net asset value, beginning of period | $29.26 | $26.89 | $30.56 | $21.86 | $18.82 | $20.08 |
Net investment income (loss)2 | 0.07 | 0.08 | 0.03 | (0.03) | 0.04 | 0.06 |
Net realized and unrealized gain (loss) on investments | 1.82 | 3.46 | (2.64) | 9.47 | 3.03 | 0.13 |
Total from investment operations | 1.89 | 3.54 | (2.61) | 9.44 | 3.07 | 0.19 |
Less distributions | ||||||
From net investment income | (0.11) | — | — | — | (0.03) | — |
From net realized gain | — | (1.17) | (1.06) | (0.74) | — | (1.45) |
Total distributions | (0.11) | (1.17) | (1.06) | (0.74) | (0.03) | (1.45) |
Net asset value, end of period | $31.04 | $29.26 | $26.89 | $30.56 | $21.86 | $18.82 |
Total return (%)3 | 6.464 | 14.33 | (9.00) | 43.97 | 16.34 | 2.94 |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $183 | $123 | $120 | $38 | $18 | $20 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 0.925 | 0.94 | 0.93 | 1.01 | 1.10 | 1.08 |
Expenses including reductions | 0.835 | 0.83 | 0.83 | 0.94 | 0.97 | 0.99 |
Net investment income (loss) | 0.505 | 0.31 | 0.10 | (0.10) | 0.19 | 0.31 |
Portfolio turnover (%) | 6 | 36 | 25 | 18 | 22 | 21 |
1 | Six months ended 1-31-24. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
14 | JOHN HANCOCK FUNDAMENTAL ALL CAP CORE FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS R2 SHARES Period ended | 1-31-241 | 7-31-23 | 7-31-22 | 7-31-21 | 7-31-20 | 7-31-19 |
Per share operating performance | ||||||
Net asset value, beginning of period | $28.52 | $26.34 | $30.07 | $21.61 | $18.64 | $19.98 |
Net investment income (loss)2 | 0.02 | (0.02) | (0.09) | (0.13) | (0.04) | — |
Net realized and unrealized gain (loss) on investments | 1.76 | 3.37 | (2.58) | 9.33 | 3.01 | 0.11 |
Total from investment operations | 1.78 | 3.35 | (2.67) | 9.20 | 2.97 | 0.11 |
Less distributions | ||||||
From net investment income | (0.01) | — | — | — | — | — |
From net realized gain | — | (1.17) | (1.06) | (0.74) | — | (1.45) |
Total distributions | (0.01) | (1.17) | (1.06) | (0.74) | — | (1.45) |
Net asset value, end of period | $30.29 | $28.52 | $26.34 | $30.07 | $21.61 | $18.64 |
Total return (%)3 | 6.254 | 13.89 | (9.35) | 43.35 | 15.93 | 2.53 |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $—5 | $—5 | $—5 | $—5 | $—5 | $—5 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 1.306 | 1.33 | 1.32 | 1.40 | 1.49 | 1.46 |
Expenses including reductions | 1.216 | 1.21 | 1.21 | 1.34 | 1.36 | 1.38 |
Net investment income (loss) | 0.146 | (0.09) | (0.30) | (0.49) | (0.21) | — |
Portfolio turnover (%) | 6 | 36 | 25 | 18 | 22 | 21 |
1 | Six months ended 1-31-24. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Less than $500,000. |
6 | Annualized. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL ALL CAP CORE FUND | 15 |
CLASS R4 SHARES Period ended | 1-31-241 | 7-31-23 | 7-31-22 | 7-31-21 | 7-31-20 | 7-31-19 |
Per share operating performance | ||||||
Net asset value, beginning of period | $29.11 | $26.77 | $30.45 | $21.79 | $18.75 | $20.03 |
Net investment income (loss)2 | 0.07 | 0.06 | 0.01 | (0.03) | 0.01 | 0.03 |
Net realized and unrealized gain (loss) on investments | 1.80 | 3.45 | (2.63) | 9.43 | 3.05 | 0.14 |
Total from investment operations | 1.87 | 3.51 | (2.62) | 9.40 | 3.06 | 0.17 |
Less distributions | ||||||
From net investment income | (0.10) | — | — | — | (0.02) | — |
From net realized gain | — | (1.17) | (1.06) | (0.74) | — | (1.45) |
Total distributions | (0.10) | (1.17) | (1.06) | (0.74) | (0.02) | (1.45) |
Net asset value, end of period | $30.88 | $29.11 | $26.77 | $30.45 | $21.79 | $18.75 |
Total return (%)3 | 6.424 | 14.28 | (9.06) | 43.92 | 16.32 | 2.84 |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $—5 | $—5 | $—5 | $—5 | $—5 | $—5 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 1.086 | 1.11 | 1.08 | 1.15 | 1.24 | 1.31 |
Expenses including reductions | 0.896 | 0.89 | 0.87 | 0.99 | 1.00 | 1.13 |
Net investment income (loss) | 0.466 | 0.23 | 0.04 | (0.13) | 0.06 | 0.15 |
Portfolio turnover (%) | 6 | 36 | 25 | 18 | 22 | 21 |
1 | Six months ended 1-31-24. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Less than $500,000. |
6 | Annualized. |
16 | JOHN HANCOCK FUNDAMENTAL ALL CAP CORE FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS R6 SHARES Period ended | 1-31-241 | 7-31-23 | 7-31-22 | 7-31-21 | 7-31-20 | 7-31-19 |
Per share operating performance | ||||||
Net asset value, beginning of period | $29.45 | $27.03 | $30.68 | $21.92 | $18.86 | $20.10 |
Net investment income2 | 0.09 | 0.10 | 0.06 | —3 | 0.06 | 0.07 |
Net realized and unrealized gain (loss) on investments | 1.83 | 3.49 | (2.65) | 9.50 | 3.05 | 0.14 |
Total from investment operations | 1.92 | 3.59 | (2.59) | 9.50 | 3.11 | 0.21 |
Less distributions | ||||||
From net investment income | (0.14) | — | — | — | (0.05) | — |
From net realized gain | — | (1.17) | (1.06) | (0.74) | — | (1.45) |
Total distributions | (0.14) | (1.17) | (1.06) | (0.74) | (0.05) | (1.45) |
Net asset value, end of period | $31.23 | $29.45 | $27.03 | $30.68 | $21.92 | $18.86 |
Total return (%)4 | 6.515 | 14.44 | (8.90) | 44.12 | 16.49 | 3.04 |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $80 | $72 | $61 | $24 | $16 | $14 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 0.806 | 0.83 | 0.82 | 0.90 | 0.99 | 0.96 |
Expenses including reductions | 0.726 | 0.72 | 0.72 | 0.84 | 0.85 | 0.88 |
Net investment income | 0.636 | 0.40 | 0.20 | 0.01 | 0.30 | 0.39 |
Portfolio turnover (%) | 6 | 36 | 25 | 18 | 22 | 21 |
1 | Six months ended 1-31-24. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Less than $0.005 per share. |
4 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
5 | Not annualized. |
6 | Annualized. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL ALL CAP CORE FUND | 17 |
18 | JOHN HANCOCK Fundamental All Cap Core Fund | SEMIANNUAL REPORT |
Total value at 1-31-24 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
Common stocks | ||||
Communication services | $40,418,668 | $40,418,668 | — | — |
Consumer discretionary | 82,473,250 | 75,881,462 | $6,591,788 | — |
Consumer staples | 13,917,566 | 13,917,566 | — | — |
Energy | 16,928,576 | 16,928,576 | — | — |
Financials | 67,122,770 | 67,122,770 | — | — |
Health care | 25,344,547 | 25,344,547 | — | — |
Industrials | 24,463,551 | 24,463,551 | — | — |
Information technology | 100,327,116 | 100,327,116 | — | — |
Materials | 4,548,623 | 4,548,623 | — | — |
Real estate | 16,435,837 | 16,435,837 | — | — |
Short-term investments | 11,531,266 | 11,531,266 | — | — |
Total investments in securities | $403,511,770 | $396,919,982 | $6,591,788 | — |
SEMIANNUAL REPORT | JOHN HANCOCK Fundamental All Cap Core Fund | 19 |
20 | JOHN HANCOCK Fundamental All Cap Core Fund | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK Fundamental All Cap Core Fund | 21 |
Class | Expense reduction |
Class A | $50,478 |
Class C | 5,722 |
Class I | 67,655 |
Class R2 | 64 |
Class | Expense reduction |
Class R4 | $42 |
Class R6 | 32,144 |
Total | $156,105 |
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% |
22 | JOHN HANCOCK Fundamental All Cap Core Fund | SEMIANNUAL REPORT |
Class | Distribution and service fees | Transfer agent fees |
Class A | $169,904 | $68,640 |
Class C | 63,799 | 7,746 |
Class I | — | 91,397 |
Class R2 | 356 | 4 |
Class R4 | 124 | 3 |
Class R6 | — | 1,945 |
Total | $234,183 | $169,735 |
SEMIANNUAL REPORT | JOHN HANCOCK Fundamental All Cap Core Fund | 23 |
Six Months Ended 1-31-24 | Year Ended 7-31-23 | |||
Shares | Amount | Shares | Amount | |
Class A shares | ||||
Sold | 705,117 | $19,840,477 | 1,315,971 | $33,452,680 |
Distributions reinvested | 5,175 | 156,037 | 189,351 | 4,239,568 |
Repurchased | (408,219) | (11,379,718) | (1,056,848) | (26,356,825) |
Net increase | 302,073 | $8,616,796 | 448,474 | $11,335,423 |
Class C shares | ||||
Sold | 138,616 | $3,596,000 | 153,627 | $3,617,670 |
Distributions reinvested | — | — | 22,820 | 479,220 |
Repurchased | (39,825) | (1,050,452) | (124,677) | (2,922,791) |
Net increase | 98,791 | $2,545,548 | 51,770 | $1,174,099 |
Class I shares | ||||
Sold | 2,903,402 | $82,840,178 | 3,396,943 | $87,900,603 |
Distributions reinvested | 19,328 | 599,346 | 157,054 | 3,615,390 |
Repurchased | (1,228,260) | (34,936,157) | (3,788,873) | (94,974,774) |
Net increase (decrease) | 1,694,470 | $48,503,367 | (234,876) | $(3,458,781) |
Class R2 shares | ||||
Sold | 80 | $2,230 | 231 | $5,604 |
Distributions reinvested | 2 | 53 | 191 | 4,303 |
Repurchased | (19) | (532) | (48) | (1,200) |
Net increase | 63 | $1,751 | 374 | $8,707 |
Class R4 shares | ||||
Sold | 58 | $1,633 | 114 | $2,910 |
Distributions reinvested | 2 | 64 | 29 | 659 |
Repurchased | (38) | (1,152) | (21) | (572) |
Net increase | 22 | $545 | 122 | $2,997 |
Class R6 shares | ||||
Sold | 432,037 | $12,398,545 | 894,840 | $23,215,674 |
Distributions reinvested | 11,062 | 345,123 | 115,861 | 2,682,185 |
Repurchased | (338,326) | (9,733,397) | (814,879) | (20,902,274) |
Net increase | 104,773 | $3,010,271 | 195,822 | $4,995,585 |
Total net increase | 2,200,192 | $62,678,278 | 461,686 | $14,058,030 |
24 | JOHN HANCOCK Fundamental All Cap Core Fund | SEMIANNUAL REPORT |
Dividends and distributions | |||||||||
Affiliate | Ending share amount | Beginning value | Cost of purchases | Proceeds from shares sold | Realized gain (loss) | Change in unrealized appreciation (depreciation) | Income distributions received | Capital gain distributions received | Ending value |
John Hancock Collateral Trust | 1,152,954 | $4,811,553 | $79,819,657 | $(73,105,777) | $4,567 | $1,266 | $271,878 | — | $11,531,266 |
SEMIANNUAL REPORT | JOHN HANCOCK Fundamental All Cap Core Fund | 25 |
Steven R. Pruchansky, Vice Chairperson
Andrew G. Arnott†
James R. Boyle
William H. Cunningham*
Noni L. Ellison
Grace K. Fey
Dean C. Garfield
Deborah C. Jackson
Paul Lorentz†
Frances G. Rathke*
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 |
26 | JOHN HANCOCK FUNDAMENTAL ALL CAP CORE FUND | SEMIANNUAL REPORT |
GOVERNANCE FUNDS
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
MF3360679 | 376SA 1/24 |
United States and Europe
Manulife Investment Management
John Hancock Investment Management
SEMIANNUAL REPORT | JOHN HANCOCK MULTI-ASSET ABSOLUTE RETURN FUND | 1 |
2 | JOHN HANCOCK MULTI-ASSET ABSOLUTE RETURN FUND | SEMIANNUAL REPORT |
COUNTRY COMPOSITION AS OF 1/31/2024 (% of net assets) | |
United States | 73.7 |
Denmark | 5.0 |
United Kingdom | 3.4 |
France | 3.2 |
Ireland | 1.9 |
Germany | 1.7 |
Switzerland | 1.7 |
China | 1.6 |
Japan | 1.6 |
Taiwan | 1.4 |
Other countries | 4.8 |
TOTAL | 100.0 |
SEMIANNUAL REPORT | JOHN HANCOCK MULTI-ASSET ABSOLUTE RETURN FUND | 3 |
Common stocks | 86.7 |
Health care | 15.8 |
Consumer staples | 15.8 |
Information technology | 14.6 |
Consumer discretionary | 10.4 |
Communication services | 10.1 |
Financials | 9.7 |
Industrials | 6.9 |
Utilities | 2.4 |
Materials | 0.9 |
Real estate | 0.1 |
U.S. Government | 4.3 |
Corporate bonds | 3.2 |
Foreign government obligations | 0.1 |
Other assets and liabilities, net | 5.7 |
TOTAL | 100.0 |
4 | JOHN HANCOCK MULTI-ASSET ABSOLUTE RETURN FUND | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK MULTI-ASSET ABSOLUTE RETURN FUND | 5 |
Account value on 8-1-2023 | Ending value on 1-31-2024 | Expenses paid during period ended 1-31-20241 | Annualized expense ratio | ||
Class A | Actual expenses/actual returns | $1,000.00 | $1,034.90 | $8.44 | 1.65% |
Hypothetical example | 1,000.00 | 1,016.80 | 8.36 | 1.65% | |
Class C | Actual expenses/actual returns | 1,000.00 | 1,030.90 | 11.95 | 2.34% |
Hypothetical example | 1,000.00 | 1,013.40 | 11.84 | 2.34% | |
Class I | Actual expenses/actual returns | 1,000.00 | 1,036.30 | 6.91 | 1.35% |
Hypothetical example | 1,000.00 | 1,018.30 | 6.85 | 1.35% | |
Class R2 | Actual expenses/actual returns | 1,000.00 | 1,035.10 | 8.44 | 1.65% |
Hypothetical example | 1,000.00 | 1,016.80 | 8.36 | 1.65% | |
Class R6 | Actual expenses/actual returns | 1,000.00 | 1,036.10 | 6.30 | 1.23% |
Hypothetical example | 1,000.00 | 1,019.00 | 6.24 | 1.23% | |
Class NAV | Actual expenses/actual returns | 1,000.00 | 1,037.10 | 6.25 | 1.22% |
Hypothetical example | 1,000.00 | 1,019.00 | 6.19 | 1.22% |
1 | Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/366 (to reflect the one-half year period). |
6 | JOHN HANCOCK MULTI-ASSET ABSOLUTE RETURN FUND | SEMIANNUAL REPORT |
Shares | Value | ||||
Common stocks 86.7% | $323,961,902 | ||||
(Cost $242,251,415) | |||||
Brazil 0.4% | 1,602,287 | ||||
Ambev SA | 158,400 | 418,188 | |||
Cia de Saneamento Basico do Estado de Sao Paulo | 7,400 | 117,787 | |||
Cia de Saneamento Basico do Estado de Sao Paulo, ADR | 5,404 | 86,086 | |||
CPFL Energia SA | 7,600 | 55,622 | |||
Hypera SA | 60,600 | 388,107 | |||
M Dias Branco SA | 69,400 | 536,497 | |||
Canada 0.3% | 959,787 | ||||
The Toronto-Dominion Bank | 15,800 | 959,787 | |||
China 1.6% | 6,119,812 | ||||
Alibaba Group Holding, Ltd., ADR | 9,638 | 695,574 | |||
Baidu, Inc., ADR (A) | 2,660 | 280,125 | |||
Chengdu Xingrong Environment Company, Ltd., Class A | 109,394 | 88,939 | |||
China Construction Bank Corp., H Shares | 905,000 | 537,447 | |||
China Longyuan Power Group Corp., Ltd., H Shares | 735,000 | 443,360 | |||
China Railway Group, Ltd., H Shares | 74,000 | 33,843 | |||
China Resources Sanjiu Medical & Pharmaceutical Company, Ltd., Class A | 35,879 | 261,556 | |||
Chinasoft International, Ltd. (A) | 144,000 | 82,059 | |||
Henan Shuanghui Investment & Development Company, Ltd., Class A | 8,298 | 32,931 | |||
Hengan International Group Company, Ltd. | 16,000 | 49,544 | |||
Industrial & Commercial Bank of China, Ltd., H Shares | 1,079,000 | 525,613 | |||
Inner Mongolia Yili Industrial Group Company, Ltd., Class A | 157,200 | 593,707 | |||
Meituan, Class B (A)(B) | 650 | 5,228 | |||
Midea Group Company, Ltd., Class A | 13,100 | 106,314 | |||
Ming Yang Smart Energy Group, Ltd., Class A | 233,225 | 292,283 | |||
NetEase, Inc., ADR | 1,566 | 152,904 | |||
PICC Property & Casualty Company, Ltd., H Shares | 136,000 | 169,166 | |||
Ping An Insurance Group Company of China, Ltd., H Shares | 139,000 | 584,293 | |||
Shandong Weigao Group Medical Polymer Company, Ltd., H Shares | 96,400 | 61,581 | |||
Sinopharm Group Company, Ltd., H Shares | 209,200 | 550,088 | |||
Tencent Holdings, Ltd. | 8,300 | 288,104 | |||
Tianhe Chemicals Group, Ltd. (A)(B)(C) | 4,848,409 | 0 | |||
Titan Wind Energy Suzhou Company, Ltd., Class A (A) | 104,397 | 129,778 | |||
Zhejiang Chint Electrics Company, Ltd., Class A | 59,798 | 155,375 | |||
Denmark 2.5% | 9,287,238 | ||||
Novo Nordisk A/S, Class B | 81,250 | 9,287,238 | |||
France 2.6% | 9,855,975 | ||||
LVMH Moet Hennessy Louis Vuitton SE | 2,810 | 2,338,076 | |||
Sanofi SA | 28,569 | 2,861,045 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTI-ASSET ABSOLUTE RETURN FUND | 7 |
Shares | Value | ||||
France (continued) | |||||
Vinci SA | 36,865 | $4,656,854 | |||
Germany 1.7% | 6,280,417 | ||||
Allianz SE | 14,434 | 3,856,403 | |||
Deutsche Telekom AG | 98,747 | 2,424,014 | |||
Hong Kong 0.1% | 454,267 | ||||
China Everbright Environment Group, Ltd. | 246,000 | 85,800 | |||
China Metal Recycling Holdings, Ltd. (A)(C) | 1,799,400 | 0 | |||
China Overseas Land & Investment, Ltd. | 79,000 | 119,510 | |||
China Resources Land, Ltd. | 82,000 | 248,957 | |||
India 0.2% | 665,442 | ||||
UPL, Ltd. | 102,729 | 665,442 | |||
Indonesia 0.3% | 929,163 | ||||
Telkom Indonesia Persero Tbk PT | 3,704,400 | 929,163 | |||
Ireland 1.9% | 6,870,196 | ||||
Accenture PLC, Class A | 15,011 | 5,462,203 | |||
Medtronic PLC | 16,084 | 1,407,993 | |||
Israel 0.5% | 1,891,744 | ||||
Check Point Software Technologies, Ltd. (A) | 11,903 | 1,891,744 | |||
Japan 1.6% | 6,065,292 | ||||
Hoya Corp. | 12,100 | 1,537,053 | |||
KDDI Corp. | 61,800 | 2,047,746 | |||
Nippon Telegraph & Telephone Corp. | 1,975,300 | 2,480,493 | |||
Mexico 0.3% | 1,151,692 | ||||
Arca Continental SAB de CV | 16,900 | 192,139 | |||
Coca-Cola Femsa SAB de CV | 21,645 | 205,716 | |||
Fomento Economico Mexicano SAB de CV | 19,800 | 268,122 | |||
Grupo Financiero Banorte SAB de CV, Series O | 26,800 | 272,508 | |||
Kimberly-Clark de Mexico SAB de CV, Class A | 93,900 | 213,207 | |||
Netherlands 0.1% | 509,343 | ||||
Prosus NV (A) | 17,221 | 509,343 | |||
Philippines 0.0% | 35,052 | ||||
PLDT, Inc. | 1,550 | 35,052 | |||
South Africa 0.2% | 844,931 | ||||
Naspers, Ltd., N Shares | 2,699 | 452,687 | |||
Nedbank Group, Ltd. | 14,106 | 163,778 | |||
Standard Bank Group, Ltd. | 21,461 | 228,466 | |||
South Korea 1.1% | 4,250,635 | ||||
Cheil Worldwide, Inc. | 9,889 | 136,106 |
8 | JOHN HANCOCK MULTI-ASSET ABSOLUTE RETURN FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
South Korea (continued) | |||||
DB Insurance Company, Ltd. (A) | 602 | $39,711 | |||
Hyundai Glovis Company, Ltd. (A) | 2,694 | 352,759 | |||
Hyundai Mobis Company, Ltd. | 1,871 | 293,286 | |||
LG Corp. (A) | 1,587 | 97,447 | |||
NongShim Company, Ltd. (A) | 495 | 140,161 | |||
Samsung Electronics Company, Ltd. | 15,063 | 818,476 | |||
Samsung Fire & Marine Insurance Company, Ltd. (A) | 4,575 | 905,300 | |||
SK Square Company, Ltd. (A) | 10,239 | 397,767 | |||
SK Telecom Company, Ltd. | 26,165 | 983,769 | |||
SK Telecom Company, Ltd., ADR | 4,098 | 85,853 | |||
Spain 0.9% | 3,268,385 | ||||
Iberdrola SA | 271,440 | 3,268,385 | |||
Sweden 0.1% | 408,834 | ||||
Svenska Handelsbanken AB, A Shares | 37,924 | 408,834 | |||
Switzerland 1.7% | 6,177,385 | ||||
Chubb, Ltd. | 4,762 | 1,166,690 | |||
Nestle SA | 19,114 | 2,178,052 | |||
Roche Holding AG | 9,949 | 2,832,643 | |||
Taiwan 1.4% | 5,181,574 | ||||
Hon Hai Precision Industry Company, Ltd. | 17,000 | 55,611 | |||
Sinbon Electronics Company, Ltd. | 16,000 | 131,729 | |||
Taiwan Semiconductor Manufacturing Company, Ltd. | 103,000 | 2,061,905 | |||
Taiwan Semiconductor Manufacturing Company, Ltd., ADR | 25,959 | 2,932,329 | |||
Thailand 0.2% | 557,217 | ||||
Advanced Info Service PCL | 10,400 | 64,141 | |||
Bangkok Bank PCL | 14,300 | 56,830 | |||
Thai Beverage PCL | 297,700 | 116,225 | |||
Thai Union Group PCL | 746,800 | 320,021 | |||
United Kingdom 3.3% | 12,430,787 | ||||
Diageo PLC | 93,486 | 3,376,511 | |||
Reckitt Benckiser Group PLC | 56,384 | 4,076,608 | |||
Rightmove PLC | 67,019 | 474,305 | |||
St. James’s Place PLC | 196,977 | 1,621,574 | |||
Unilever PLC | 26,968 | 1,312,268 | |||
Unilever PLC (Euronext Amsterdam Exchange) | 32,197 | 1,569,521 | |||
United States 63.7% | 238,164,447 | ||||
Adobe, Inc. (A) | 7,182 | 4,436,896 | |||
Advanced Micro Devices, Inc. (A) | 7,242 | 1,214,411 | |||
Air Products & Chemicals, Inc. | 9,918 | 2,536,132 | |||
Akamai Technologies, Inc. (A) | 22,451 | 2,766,637 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTI-ASSET ABSOLUTE RETURN FUND | 9 |
Shares | Value | ||||
United States (continued) | |||||
Alphabet, Inc., Class A (A) | 115,915 | $16,239,691 | |||
American Electric Power Company, Inc. | 19,049 | 1,488,489 | |||
Automatic Data Processing, Inc. | 32,958 | 8,100,417 | |||
AutoZone, Inc. (A) | 1,934 | 5,341,959 | |||
Baxter International, Inc. | 24,949 | 965,277 | |||
Booking Holdings, Inc. (A) | 338 | 1,185,525 | |||
Bristol-Myers Squibb Company | 62,513 | 3,055,010 | |||
Cadence Design Systems, Inc. (A) | 14,434 | 4,163,632 | |||
Centene Corp. (A) | 26,388 | 1,987,280 | |||
Cisco Systems, Inc. | 110,698 | 5,554,826 | |||
Colgate-Palmolive Company | 31,163 | 2,623,925 | |||
Comcast Corp., Class A | 114,403 | 5,324,316 | |||
Conagra Brands, Inc. | 67,363 | 1,963,631 | |||
CVS Health Corp. | 56,900 | 4,231,653 | |||
Duke Energy Corp. | 8,854 | 848,479 | |||
eBay, Inc. | 88,236 | 3,623,853 | |||
Elevance Health, Inc. | 11,493 | 5,671,106 | |||
Emerson Electric Company | 17,047 | 1,563,721 | |||
Eversource Energy | 10,545 | 571,750 | |||
Expeditors International of Washington, Inc. | 21,428 | 2,706,999 | |||
Fiserv, Inc. (A) | 24,521 | 3,478,794 | |||
Fortinet, Inc. (A) | 73,971 | 4,770,390 | |||
General Mills, Inc. | 11,605 | 753,281 | |||
Global Payments, Inc. | 29,419 | 3,919,493 | |||
Intuit, Inc. | 704 | 444,456 | |||
Johnson & Johnson | 62,034 | 9,857,203 | |||
Kenvue, Inc. | 90,850 | 1,886,046 | |||
Laboratory Corp. of America Holdings | 3,352 | 745,150 | |||
Marsh & McLennan Companies, Inc. | 14,937 | 2,895,388 | |||
Mastercard, Inc., Class A | 12,403 | 5,571,800 | |||
McDonald’s Corp. | 13,145 | 3,847,804 | |||
Merck & Company, Inc. | 12,805 | 1,546,588 | |||
Meta Platforms, Inc., Class A (A) | 9,825 | 3,833,126 | |||
Microsoft Corp. | 38,477 | 15,297,686 | |||
Mondelez International, Inc., Class A | 64,499 | 4,854,840 | |||
Monster Beverage Corp. (A) | 95,901 | 5,276,473 | |||
NextEra Energy, Inc. | 22,614 | 1,325,859 | |||
NIKE, Inc., Class B | 55,751 | 5,660,399 | |||
Oracle Corp. | 24,536 | 2,740,671 | |||
Paychex, Inc. | 2,054 | 250,033 | |||
PayPal Holdings, Inc. (A) | 23,081 | 1,416,019 | |||
PepsiCo, Inc. | 34,925 | 5,885,910 | |||
Pfizer, Inc. | 54,892 | 1,486,475 | |||
Ross Stores, Inc. | 17,862 | 2,505,681 |
10 | JOHN HANCOCK MULTI-ASSET ABSOLUTE RETURN FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
United States (continued) | |||||
Sempra | 11,730 | $839,399 | |||
Starbucks Corp. | 58,438 | 5,436,487 | |||
Stryker Corp. | 6,618 | 2,220,207 | |||
Sysco Corp. | 21,366 | 1,729,150 | |||
Texas Roadhouse, Inc. | 31,412 | 3,949,117 | |||
The Cigna Group | 18,858 | 5,675,315 | |||
The Coca-Cola Company | 139,531 | 8,300,699 | |||
The Estee Lauder Companies, Inc., Class A | 7,232 | 954,552 | |||
The Hershey Company | 22,600 | 4,374,004 | |||
The J.M. Smucker Company | 3,818 | 502,258 | |||
The Procter & Gamble Company | 24,738 | 3,887,329 | |||
The TJX Companies, Inc. | 32,239 | 3,059,803 | |||
The Toro Company | 26,784 | 2,476,984 | |||
UnitedHealth Group, Inc. | 4,011 | 2,052,589 | |||
Verizon Communications, Inc. | 51,044 | 2,161,713 | |||
Visa, Inc., Class A | 27,701 | 7,569,575 | |||
W.W. Grainger, Inc. | 2,761 | 2,472,862 | |||
Waste Management, Inc. | 11,244 | 2,087,224 | |||
Rate (%) | Maturity date | Par value^ | Value | ||
U.S. Government and Agency obligations 4.3% | $16,060,871 | ||||
(Cost $15,684,899) | |||||
U.S. Government 4.3% | 16,060,871 | ||||
U.S. Treasury | |||||
Note (D) | 0.625 | 05-15-30 | 1,290,400 | 1,055,759 | |
Note | 0.625 | 08-15-30 | 1,172,900 | 951,744 | |
Note (D) | 0.875 | 11-15-30 | 1,232,200 | 1,012,666 | |
Note | 1.250 | 08-15-31 | 1,120,600 | 927,472 | |
Note | 1.625 | 05-15-31 | 1,344,100 | 1,151,936 | |
Note | 1.750 | 11-15-29 | 871,700 | 778,844 | |
Note (D) | 1.875 | 02-15-32 | 2,190,700 | 1,881,863 | |
Note (D) | 2.375 | 05-15-29 | 2,151,600 | 1,997,290 | |
Note | 2.625 | 02-15-29 | 321,100 | 302,561 | |
Note (D) | 2.875 | 05-15-32 | 2,140,300 | 1,979,443 | |
Note (D) | 3.125 | 11-15-28 | 793,900 | 767,726 | |
Note (D) | 3.375 | 05-15-33 | 1,090,100 | 1,041,897 | |
Note | 3.500 | 02-15-33 | 491,700 | 474,971 | |
Note (D) | 4.125 | 11-15-32 | 1,714,200 | 1,736,699 | |
Foreign government obligations 0.1% | $150,674 | ||||
(Cost $147,164) | |||||
France 0.1% | 150,674 | ||||
Caisse Francaise de Financement Local | |||||
Bond | 0.010 | 10-19-35 | EUR | 200,000 | 150,674 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTI-ASSET ABSOLUTE RETURN FUND | 11 |
Rate (%) | Maturity date | Par value^ | Value | ||
Corporate bonds 3.2% | $12,094,261 | ||||
(Cost $12,449,141) | |||||
Australia 0.0% | 110,387 | ||||
Bendigo & Adelaide Bank, Ltd. | 4.020 | 10-04-26 | EUR | 100,000 | 110,387 |
Austria 0.1% | 183,654 | ||||
Erste Group Bank AG | 0.010 | 09-11-29 | EUR | 200,000 | 183,654 |
Canada 0.0% | 96,720 | ||||
Federation des Caisses Desjardins du Quebec | 0.050 | 11-26-27 | EUR | 100,000 | 96,720 |
Denmark 2.5% | 9,208,900 | ||||
Nykredit Realkredit A/S | 1.000 | 07-01-25 | DKK | 3,900,000 | 549,541 |
Nykredit Realkredit A/S | 2.500 | 10-01-53 | DKK | 1,528,965 | 198,246 |
Nykredit Realkredit A/S | 4.000 | 10-01-53 | DKK | 14,030,740 | 1,999,175 |
Nykredit Realkredit A/S | 5.000 | 10-01-53 | DKK | 2,476,777 | 362,133 |
Nykredit Realkredit A/S | 5.000 | 10-01-53 | DKK | 12,866,783 | 1,886,866 |
Realkredit Danmark A/S | 1.000 | 04-01-24 | DKK | 1,200,000 | 173,162 |
Realkredit Danmark A/S | 1.000 | 04-01-26 | DKK | 7,300,000 | 1,018,364 |
Realkredit Danmark A/S | 1.500 | 10-01-53 | DKK | 25,991,950 | 3,021,413 |
France 0.5% | 1,806,938 | ||||
AXA Home Loan SFH SA | 0.010 | 10-16-29 | EUR | 900,000 | 829,436 |
BPCE SFH SA | 0.010 | 01-21-27 | EUR | 800,000 | 794,092 |
BPCE SFH SA | 0.625 | 05-29-31 | EUR | 200,000 | 183,410 |
Japan 0.0% | 91,811 | ||||
Sumitomo Mitsui Banking Corp. | 0.409 | 11-07-29 | EUR | 100,000 | 91,811 |
New Zealand 0.0% | 175,919 | ||||
ASB Bank, Ltd. | 0.250 | 05-21-31 | EUR | 200,000 | 175,919 |
United Kingdom 0.1% | 419,932 | ||||
Santander UK PLC | 0.500 | 01-10-25 | EUR | 400,000 | 419,932 |
Total investments (Cost $270,532,619) 94.3% | $352,267,708 | ||||
Other assets and liabilities, net 5.7% | 21,488,611 | ||||
Total net assets 100.0% | $373,756,319 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | |
^All par values are denominated in U.S. dollars unless otherwise indicated. | |
Currency Abbreviations | |
DKK | Danish Krone |
EUR | Euro |
12 | JOHN HANCOCK MULTI-ASSET ABSOLUTE RETURN FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Security Abbreviations and Legend | |
ADR | American Depositary Receipt |
(A) | Non-income producing security. |
(B) | These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. |
(C) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. Refer to Note 2 to the financial statements. |
(D) | All or a portion of this security is segregated at the custodian as collateral for certain derivatives. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTI-ASSET ABSOLUTE RETURN FUND | 13 |
Open contracts | Number of contracts | Position | Expiration date | Notional basis^ | Notional value^ | Unrealized appreciation (depreciation) |
10-Year U.S. Treasury Note Futures | 316 | Long | Mar 2024 | $34,800,295 | $35,535,188 | $734,893 |
2-Year U.S. Treasury Note Futures | 174 | Long | Apr 2024 | 35,484,862 | 35,793,703 | 308,841 |
5-Year U.S. Treasury Note Futures | 1,046 | Long | Apr 2024 | 111,343,109 | 113,482,828 | 2,139,719 |
ASX SPI 200 Index Futures | 32 | Short | Mar 2024 | (3,889,684) | (3,967,276) | (77,592) |
Euro STOXX 50 Index Futures | 212 | Short | Mar 2024 | (10,485,774) | (10,655,788) | (170,014) |
Euro-Bund Futures | 134 | Short | Mar 2024 | (19,235,394) | (19,636,669) | (401,275) |
FTSE 100 Index Futures | 47 | Short | Mar 2024 | (4,533,487) | (4,525,004) | 8,483 |
Mini MSCI Emerging Markets Index Futures | 224 | Short | Mar 2024 | (11,010,187) | (10,984,960) | 25,227 |
Nikkei 225 Mini Index Futures | 298 | Short | Mar 2024 | (6,716,587) | (7,263,725) | (547,138) |
S&P 500 E-Mini Index Futures | 334 | Short | Mar 2024 | (77,963,080) | (81,337,350) | (3,374,270) |
$(1,353,126) |
Contract to buy | Contract to sell | Counterparty (OTC) | Contractual settlement date | Unrealized appreciation | Unrealized depreciation | ||
AUD | 413,000 | CAD | 371,906 | BARC | 2/15/2024 | — | $(5,600) |
AUD | 133,000 | CAD | 119,359 | GSI | 2/15/2024 | — | (1,500) |
AUD | 706,767 | EUR | 421,000 | GSI | 2/15/2024 | $8,651 | — |
AUD | 464,828 | GBP | 241,000 | BARC | 2/15/2024 | — | (365) |
AUD | 891,000 | JPY | 84,365,555 | GSI | 2/15/2024 | 10,379 | — |
AUD | 519,000 | NZD | 558,572 | BNP | 2/15/2024 | — | (795) |
AUD | 145,000 | NZD | 155,887 | GSI | 2/15/2024 | — | (119) |
AUD | 572,000 | SEK | 3,931,236 | BARC | 2/15/2024 | — | (2,538) |
AUD | 164,361 | USD | 109,984 | BOA | 2/15/2024 | — | (2,107) |
AUD | 463,808 | USD | 309,133 | BARC | 2/15/2024 | — | (4,717) |
AUD | 936,670 | USD | 633,241 | BNP | 2/15/2024 | — | (18,465) |
AUD | 654,154 | USD | 431,742 | GSI | 2/15/2024 | — | (2,393) |
CAD | 156,750 | AUD | 174,000 | BNP | 2/15/2024 | 2,406 | — |
CAD | 182,012 | EUR | 125,000 | BARC | 2/15/2024 | 240 | — |
CAD | 789,000 | JPY | 83,326,463 | BNP | 2/14/2024 | 19,691 | — |
CAD | 349,000 | JPY | 36,943,478 | GSI | 2/15/2024 | 8,091 | — |
CAD | 680,000 | NOK | 5,229,019 | GSI | 2/14/2024 | 8,524 | — |
CAD | 1,163,088 | NZD | 1,390,000 | GSI | 2/15/2024 | 15,586 | — |
CAD | 112,000 | SEK | 867,775 | BARC | 2/14/2024 | — | (110) |
CAD | 909,000 | SEK | 6,938,823 | BNP | 2/14/2024 | 9,115 | — |
CAD | 101,328 | USD | 75,334 | BARC | 2/15/2024 | 46 | — |
CAD | 1,814,243 | USD | 1,356,050 | BNP | 2/15/2024 | — | (6,399) |
CAD | 955,789 | USD | 705,413 | GSI | 2/15/2024 | 5,618 | — |
14 | JOHN HANCOCK MULTI-ASSET ABSOLUTE RETURN FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Contract to buy | Contract to sell | Counterparty (OTC) | Contractual settlement date | Unrealized appreciation | Unrealized depreciation | ||
CHF | 107,277 | USD | 124,966 | BARC | 2/15/2024 | — | $(472) |
CHF | 179,334 | USD | 210,773 | BNP | 2/15/2024 | — | (2,657) |
CHF | 93,254 | USD | 107,896 | GSI | 2/15/2024 | $324 | — |
DKK | 13,510,117 | USD | 1,967,239 | BOA | 2/15/2024 | — | (7,179) |
DKK | 17,012,247 | USD | 2,496,684 | BNP | 2/15/2024 | — | (28,533) |
DKK | 4,865,037 | USD | 714,452 | GSI | 2/15/2024 | — | (8,629) |
EUR | 381,000 | AUD | 615,374 | BARC | 2/15/2024 | 8,081 | — |
EUR | 174,000 | AUD | 288,805 | BNP | 2/15/2024 | — | (1,407) |
EUR | 172,000 | AUD | 283,267 | GSI | 2/15/2024 | 65 | — |
EUR | 152,000 | CAD | 221,571 | BNP | 2/15/2024 | — | (473) |
EUR | 845,000 | JPY | 132,955,264 | BOA | 2/15/2024 | 8,448 | — |
EUR | 1,401,000 | JPY | 221,505,008 | BARC | 2/15/2024 | 6,743 | — |
EUR | 288,000 | JPY | 46,180,339 | BNP | 2/15/2024 | — | (3,013) |
EUR | 311,000 | NZD | 545,471 | BNP | 2/15/2024 | 2,858 | — |
EUR | 960,387 | USD | 1,052,486 | BOA | 2/15/2024 | — | (14,016) |
EUR | 3,187,420 | USD | 3,487,249 | BARC | 2/15/2024 | — | (40,681) |
EUR | 13,722,987 | USD | 14,849,232 | BNP | 2/15/2024 | — | (10,516) |
EUR | 942,507 | USD | 1,027,991 | GSI | 2/15/2024 | — | (8,855) |
GBP | 597,000 | CAD | 1,005,478 | BNP | 2/15/2024 | 8,661 | — |
GBP | 567,000 | JPY | 101,379,486 | BARC | 2/15/2024 | 28,370 | — |
GBP | 406,000 | NZD | 823,828 | GSI | 2/15/2024 | 11,000 | — |
GBP | 140,756 | USD | 177,396 | BOA | 2/15/2024 | 1,002 | — |
GBP | 645,144 | USD | 815,415 | BARC | 2/15/2024 | 2,260 | — |
GBP | 448,250 | USD | 565,277 | BNP | 2/15/2024 | 2,849 | — |
GBP | 166,312 | USD | 211,182 | GSI | 2/15/2024 | — | (393) |
JPY | 13,643,388 | AUD | 142,000 | BARC | 2/15/2024 | — | (307) |
JPY | 47,011,767 | AUD | 488,000 | GSI | 2/15/2024 | — | (205) |
JPY | 9,704,671 | CAD | 89,000 | BARC | 2/15/2024 | — | (133) |
JPY | 212,374,888 | EUR | 1,328,000 | BARC | 2/15/2024 | 10,028 | — |
JPY | 29,361,503 | EUR | 187,000 | GSI | 2/15/2024 | — | (2,290) |
JPY | 90,655,583 | GBP | 491,000 | BARC | 2/15/2024 | — | (5,061) |
JPY | 82,365,107 | GBP | 449,000 | BNP | 2/15/2024 | — | (8,276) |
JPY | 68,301,893 | NOK | 4,895,000 | BOA | 2/15/2024 | — | (531) |
JPY | 91,159,736 | NOK | 6,482,000 | BARC | 2/15/2024 | 4,157 | — |
JPY | 33,570,970 | SEK | 2,379,000 | BNP | 2/14/2024 | — | (179) |
JPY | 9,169,388,647 | USD | 61,360,720 | BOA | 2/15/2024 | 1,071,000 | — |
JPY | 130,201,609 | USD | 894,027 | BARC | 2/15/2024 | — | (7,522) |
JPY | 237,720,931 | USD | 1,657,314 | BNP | 2/15/2024 | — | (38,741) |
JPY | 130,569,083 | USD | 892,303 | GSI | 2/15/2024 | — | (3,296) |
NOK | 1,499,326 | AUD | 215,000 | BNP | 2/15/2024 | 1,492 | — |
NOK | 4,914,830 | AUD | 688,000 | GSI | 2/15/2024 | 15,902 | — |
NOK | 2,032,581 | GBP | 151,000 | GSI | 2/15/2024 | 1,943 | — |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTI-ASSET ABSOLUTE RETURN FUND | 15 |
Contract to buy | Contract to sell | Counterparty (OTC) | Contractual settlement date | Unrealized appreciation | Unrealized depreciation | ||
NOK | 2,327,000 | JPY | 31,557,377 | BOA | 2/15/2024 | $6,463 | — |
NOK | 3,934,993 | NZD | 606,000 | GSI | 2/15/2024 | 3,843 | — |
NOK | 815,388 | USD | 79,000 | BNP | 2/15/2024 | — | $(1,446) |
NOK | 79,330 | USD | 7,156 | GSI | 2/15/2024 | 389 | — |
NZD | 368,940 | EUR | 210,000 | GSI | 2/15/2024 | — | (1,554) |
NZD | 911,691 | GBP | 441,000 | BARC | 2/15/2024 | — | (1,652) |
NZD | 625,000 | NOK | 4,007,891 | BOA | 2/15/2024 | 838 | — |
NZD | 122,000 | NOK | 783,863 | BNP | 2/15/2024 | 19 | — |
NZD | 297,000 | USD | 188,414 | GSI | 2/15/2024 | — | (6,869) |
SEK | 4,594,778 | AUD | 669,000 | BNP | 2/15/2024 | 2,669 | — |
SEK | 1,879,164 | GBP | 143,000 | GSI | 2/15/2024 | — | (572) |
SEK | 1,709,000 | JPY | 23,900,500 | GSI | 2/14/2024 | 1,598 | — |
SEK | 410,977 | NOK | 412,000 | BNP | 2/15/2024 | 326 | — |
SEK | 809,136 | NZD | 126,000 | GSI | 2/15/2024 | 774 | — |
SEK | 4,767,403 | USD | 467,161 | BNP | 2/15/2024 | — | (8,803) |
SEK | 14,688,738 | USD | 1,359,280 | GSI | 2/15/2024 | 52,957 | — |
USD | 306,250 | AUD | 461,743 | BARC | 2/15/2024 | 3,189 | — |
USD | 455,372 | AUD | 680,014 | BNP | 2/15/2024 | 9,051 | — |
USD | 24,028,723 | AUD | 37,530,350 | GSI | 2/15/2024 | — | (603,989) |
USD | 1,050,796 | CAD | 1,449,917 | GSI | 2/14/2024 | — | (27,813) |
USD | 166,961 | CAD | 225,706 | BNP | 2/15/2024 | — | (947) |
USD | 17,532,913 | CAD | 24,190,264 | GSI | 2/15/2024 | — | (462,712) |
USD | 128,040 | CHF | 109,461 | BARC | 2/15/2024 | 1,011 | — |
USD | 5,051,169 | CHF | 4,506,539 | BNP | 2/15/2024 | — | (178,638) |
USD | 192,163 | CHF | 166,748 | GSI | 2/15/2024 | — | (1,347) |
USD | 1,031,080 | DKK | 7,037,376 | BOA | 2/15/2024 | 10,091 | — |
USD | 22,006,275 | DKK | 152,501,626 | BNP | 2/15/2024 | — | (118,789) |
USD | 140,348 | DKK | 959,165 | GSI | 2/15/2024 | 1,191 | — |
USD | 1,501,551 | EUR | 1,382,262 | BOA | 2/15/2024 | 6,906 | — |
USD | 2,975,875 | EUR | 2,748,842 | BARC | 2/15/2024 | 3,542 | — |
USD | 137,729,269 | EUR | 128,022,836 | BNP | 2/15/2024 | — | (702,288) |
USD | 2,793,681 | EUR | 2,582,825 | GSI | 2/15/2024 | 863 | — |
USD | 32,938 | GBP | 26,390 | BOA | 2/15/2024 | — | (510) |
USD | 1,127,995 | GBP | 891,525 | BARC | 2/15/2024 | — | (1,951) |
USD | 17,371,503 | GBP | 14,121,354 | BNP | 2/15/2024 | — | (526,337) |
USD | 524,151 | GBP | 415,343 | GSI | 2/15/2024 | — | (2,268) |
USD | 6,429,473 | JPY | 959,687,542 | BOA | 2/15/2024 | — | (104,762) |
USD | 1,882,165 | JPY | 272,115,644 | BARC | 2/15/2024 | 29,408 | — |
USD | 2,108,046 | JPY | 300,345,931 | BNP | 2/15/2024 | 63,076 | — |
USD | 2,227,584 | JPY | 327,649,609 | GSI | 2/15/2024 | — | (3,287) |
USD | 2,633,550 | NOK | 29,194,688 | GSI | 2/15/2024 | — | (143,248) |
USD | 11,096,890 | NZD | 18,828,712 | GSI | 2/15/2024 | — | (412,448) |
16 | JOHN HANCOCK MULTI-ASSET ABSOLUTE RETURN FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Contract to buy | Contract to sell | Counterparty (OTC) | Contractual settlement date | Unrealized appreciation | Unrealized depreciation | ||
USD | 48,861 | SEK | 508,182 | BARC | 2/15/2024 | $2 | — |
USD | 25,913 | SEK | 269,640 | BNP | 2/15/2024 | — | $(11) |
USD | 7,861,635 | SEK | 84,969,602 | GSI | 2/15/2024 | — | (307,700) |
USD | 2,629 | ZAR | 50,001 | GSI | 4/26/2024 | — | (23) |
$1,471,736 | $(3,858,437) |
Derivatives Currency Abbreviations | |
AUD | Australian Dollar |
CAD | Canadian Dollar |
CHF | Swiss Franc |
DKK | Danish Krone |
EUR | Euro |
GBP | Pound Sterling |
JPY | Japanese Yen |
NOK | Norwegian Krone |
NZD | New Zealand Dollar |
SEK | Swedish Krona |
USD | U.S. Dollar |
ZAR | South African Rand |
Derivatives Abbreviations | |
BARC | Barclays Bank PLC |
BNP | BNP Paribas |
BOA | Bank of America, N.A. |
GSI | Goldman Sachs International |
OTC | Over-the-counter |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTI-ASSET ABSOLUTE RETURN FUND | 17 |
Assets | |
Unaffiliated investments, at value (Cost $270,532,619) | $352,267,708 |
Unrealized appreciation on forward foreign currency contracts | 1,471,736 |
Receivable for futures variation margin | 1,885,067 |
Cash | 11,362,145 |
Foreign currency, at value (Cost $757,843) | 756,866 |
Collateral held at broker for futures contracts | 8,689,421 |
Dividends and interest receivable | 1,008,993 |
Receivable for fund shares sold | 314,194 |
Receivable for investments sold | 870,132 |
Other assets | 75,128 |
Total assets | 378,701,390 |
Liabilities | |
Unrealized depreciation on forward foreign currency contracts | 3,858,437 |
Payable for investments purchased | 705,849 |
Payable for fund shares repurchased | 216,110 |
Payable to affiliates | |
Accounting and legal services fees | 14,380 |
Transfer agent fees | 24,575 |
Distribution and service fees | 134 |
Trustees’ fees | 909 |
Other liabilities and accrued expenses | 124,677 |
Total liabilities | 4,945,071 |
Net assets | $373,756,319 |
Net assets consist of | |
Paid-in capital | $869,860,396 |
Total distributable earnings (loss) | (496,104,077) |
Net assets | $373,756,319 |
18 | JOHN HANCOCK Multi-Asset Absolute Return Fund | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Net asset value per share | |
Based on net asset value and shares outstanding - the fund has an unlimited number of shares authorized with no par value | |
Class A ($40,820,147 ÷ 4,046,998 shares)1 | $10.09 |
Class C ($3,205,410 ÷ 332,021 shares)1 | $9.65 |
Class I ($195,829,685 ÷ 19,041,606 shares) | $10.28 |
Class R2 ($915,903 ÷ 91,312 shares) | $10.03 |
Class R6 ($32,713,231 ÷ 3,159,821 shares) | $10.35 |
Class NAV ($100,271,943 ÷ 9,693,365 shares) | $10.34 |
Maximum offering price per share | |
Class A (net asset value per share ÷ 95%)2 | $10.62 |
1 | Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
2 | On single retail sales of less than $50,000. On sales of $50,000 or more and on group sales the offering price is reduced. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK Multi-Asset Absolute Return Fund | 19 |
Investment income | |
Dividends | $2,950,720 |
Interest | 868,472 |
Less foreign taxes withheld | (71,838) |
Total investment income | 3,747,354 |
Expenses | |
Investment management fees | 2,078,275 |
Distribution and service fees | 86,224 |
Accounting and legal services fees | 38,805 |
Transfer agent fees | 148,707 |
Trustees’ fees | 5,625 |
Custodian fees | 62,662 |
State registration fees | 41,546 |
Printing and postage | 20,650 |
Professional fees | 118,476 |
Other | 132,571 |
Total expenses | 2,733,541 |
Less expense reductions | (14,772) |
Net expenses | 2,718,769 |
Net investment income | 1,028,585 |
Realized and unrealized gain (loss) | |
Net realized gain (loss) on | |
Unaffiliated investments and foreign currency transactions | 28,209,265 |
Futures contracts | (12,709,022) |
Forward foreign currency contracts | (3,210,395) |
Swap contracts | (33,486) |
12,256,362 | |
Change in net unrealized appreciation (depreciation) of | |
Unaffiliated investments and translation of assets and liabilities in foreign currencies | (15,289,349) |
Futures contracts | 10,918,761 |
Forward foreign currency contracts | 3,899,319 |
(471,269) | |
Net realized and unrealized gain | 11,785,093 |
Increase in net assets from operations | $12,813,678 |
20 | JOHN HANCOCK Multi-Asset Absolute Return Fund | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Six months ended 1-31-24 (unaudited) | Year ended 7-31-23 | |
Increase (decrease) in net assets | ||
From operations | ||
Net investment income | $1,028,585 | $4,063,284 |
Net realized gain (loss) | 12,256,362 | (32,340,674) |
Change in net unrealized appreciation (depreciation) | (471,269) | 35,833,618 |
Increase in net assets resulting from operations | 12,813,678 | 7,556,228 |
Distributions to shareholders | ||
From earnings | ||
Class A | — | (1,282,614) |
Class C | — | (237,194) |
Class I | — | (6,362,692) |
Class R2 | — | (30,090) |
Class R6 | — | (7,576,544) |
Class NAV | — | (3,272,596) |
Total distributions | — | (18,761,730) |
From fund share transactions | (121,332,808) | (87,852,566) |
Total decrease | (108,519,130) | (99,058,068) |
Net assets | ||
Beginning of period | 482,275,449 | 581,333,517 |
End of period | $373,756,319 | $482,275,449 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK Multi-Asset Absolute Return Fund | 21 |
CLASS A SHARES Period ended | 1-31-241 | 7-31-23 | 7-31-22 | 7-31-21 | 7-31-20 | 7-31-19 |
Per share operating performance | ||||||
Net asset value, beginning of period | $9.75 | $9.93 | $10.12 | $9.06 | $10.54 | $10.12 |
Net investment income2 | 0.01 | 0.05 | 0.06 | 0.02 | 0.06 | 0.20 |
Net realized and unrealized gain (loss) on investments | 0.33 | 0.07 | (0.25) | 1.09 | 0.02 | 0.22 |
Total from investment operations | 0.34 | 0.12 | (0.19) | 1.11 | 0.08 | 0.42 |
Less distributions | ||||||
From net investment income | — | (0.30) | — | (0.05) | (1.56) | — |
Net asset value, end of period | $10.09 | $9.75 | $9.93 | $10.12 | $9.06 | $10.54 |
Total return (%)3,4 | 3.495 | 1.34 | (1.88) | 12.27 | 0.89 | 4.15 |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $41 | $41 | $44 | $45 | $41 | $51 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 1.656 | 1.55 | 1.57 | 1.59 | 1.53 | 1.69 |
Expenses including reductions | 1.656 | 1.54 | 1.56 | 1.58 | 1.52 | 1.69 |
Net investment income | 0.196 | 0.49 | 0.65 | 0.24 | 0.65 | 2.02 |
Portfolio turnover (%) | 22 | 59 | 59 | 57 | 2177 | 50 |
1 | Six months ended 1-31-24. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Does not reflect the effect of sales charges, if any. |
5 | Not annualized. |
6 | Annualized. |
7 | Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. |
22 | JOHN HANCOCK Multi-Asset Absolute Return Fund | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS C SHARES Period ended | 1-31-241 | 7-31-23 | 7-31-22 | 7-31-21 | 7-31-20 | 7-31-19 |
Per share operating performance | ||||||
Net asset value, beginning of period | $9.38 | $9.57 | $9.82 | $8.81 | $10.29 | $9.95 |
Net investment income (loss)2 | (0.02) | (0.03) | (0.01) | (0.05) | (0.01) | 0.13 |
Net realized and unrealized gain (loss) on investments | 0.29 | 0.07 | (0.24) | 1.06 | 0.01 | 0.21 |
Total from investment operations | 0.27 | 0.04 | (0.25) | 1.01 | — | 0.34 |
Less distributions | ||||||
From net investment income | — | (0.23) | — | — | (1.48) | — |
Net asset value, end of period | $9.65 | $9.38 | $9.57 | $9.82 | $8.81 | $10.29 |
Total return (%)3,4 | 3.095 | 0.63 | (2.54) | 11.45 | 0.23 | 3.42 |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $3 | $6 | $12 | $20 | $34 | $52 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 2.356 | 2.25 | 2.27 | 2.29 | 2.23 | 2.39 |
Expenses including reductions | 2.346 | 2.24 | 2.26 | 2.28 | 2.22 | 2.39 |
Net investment income (loss) | (0.48)6 | (0.29) | (0.12) | (0.52) | (0.07) | 1.35 |
Portfolio turnover (%) | 22 | 59 | 59 | 57 | 2177 | 50 |
1 | Six months ended 1-31-24. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Does not reflect the effect of sales charges, if any. |
5 | Not annualized. |
6 | Annualized. |
7 | Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK Multi-Asset Absolute Return Fund | 23 |
CLASS I SHARES Period ended | 1-31-241 | 7-31-23 | 7-31-22 | 7-31-21 | 7-31-20 | 7-31-19 |
Per share operating performance | ||||||
Net asset value, beginning of period | $9.92 | $10.10 | $10.27 | $9.19 | $10.67 | $10.22 |
Net investment income2 | 0.02 | 0.08 | 0.10 | 0.05 | 0.09 | 0.22 |
Net realized and unrealized gain (loss) on investments | 0.34 | 0.07 | (0.27) | 1.10 | 0.02 | 0.23 |
Total from investment operations | 0.36 | 0.15 | (0.17) | 1.15 | 0.11 | 0.45 |
Less distributions | ||||||
From net investment income | — | (0.33) | — | (0.07) | (1.59) | — |
Net asset value, end of period | $10.28 | $9.92 | $10.10 | $10.27 | $9.19 | $10.67 |
Total return (%)3 | 3.634 | 1.73 | (1.66) | 12.64 | 1.22 | 4.40 |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $196 | $201 | $215 | $215 | $274 | $535 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 1.355 | 1.25 | 1.27 | 1.29 | 1.23 | 1.41 |
Expenses including reductions | 1.355 | 1.24 | 1.26 | 1.28 | 1.22 | 1.40 |
Net investment income | 0.495 | 0.79 | 0.94 | 0.52 | 0.95 | 2.21 |
Portfolio turnover (%) | 22 | 59 | 59 | 57 | 2176 | 50 |
1 | Six months ended 1-31-24. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
6 | Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. |
24 | JOHN HANCOCK Multi-Asset Absolute Return Fund | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS R2 SHARES Period ended | 1-31-241 | 7-31-23 | 7-31-22 | 7-31-21 | 7-31-20 | 7-31-19 |
Per share operating performance | ||||||
Net asset value, beginning of period | $9.69 | $9.87 | $10.07 | $9.01 | $10.49 | $10.08 |
Net investment income2 | 0.01 | 0.05 | 0.06 | 0.02 | 0.06 | 0.20 |
Net realized and unrealized gain (loss) on investments | 0.33 | 0.07 | (0.26) | 1.08 | 0.01 | 0.21 |
Total from investment operations | 0.34 | 0.12 | (0.20) | 1.10 | 0.07 | 0.41 |
Less distributions | ||||||
From net investment income | — | (0.30) | — | (0.04) | (1.55) | — |
Net asset value, end of period | $10.03 | $9.69 | $9.87 | $10.07 | $9.01 | $10.49 |
Total return (%)3 | 3.514 | 1.34 | (1.99) | 12.31 | 0.82 | 4.07 |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $1 | $1 | $1 | $1 | $1 | $1 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 1.665 | 1.55 | 1.60 | 1.62 | 1.58 | 1.78 |
Expenses including reductions | 1.655 | 1.54 | 1.59 | 1.62 | 1.57 | 1.77 |
Net investment income | 0.185 | 0.47 | 0.58 | 0.21 | 0.62 | 1.99 |
Portfolio turnover (%) | 22 | 59 | 59 | 57 | 2176 | 50 |
1 | Six months ended 1-31-24. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
6 | Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK Multi-Asset Absolute Return Fund | 25 |
CLASS R6 SHARES Period ended | 1-31-241 | 7-31-23 | 7-31-22 | 7-31-21 | 7-31-20 | 7-31-19 |
Per share operating performance | ||||||
Net asset value, beginning of period | $9.98 | $10.15 | $10.31 | $9.23 | $10.71 | $10.24 |
Net investment income2 | 0.04 | 0.08 | 0.12 | 0.06 | 0.10 | 0.24 |
Net realized and unrealized gain (loss) on investments | 0.33 | 0.09 | (0.28) | 1.10 | 0.02 | 0.23 |
Total from investment operations | 0.37 | 0.17 | (0.16) | 1.16 | 0.12 | 0.47 |
Less distributions | ||||||
From net investment income | — | (0.34) | — | (0.08) | (1.60) | — |
Net asset value, end of period | $10.35 | $9.98 | $10.15 | $10.31 | $9.23 | $10.71 |
Total return (%)3 | 3.614 | 1.74 | (1.55) | 12.70 | 1.34 | 4.59 |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $33 | $134 | $227 | $130 | $106 | $150 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 1.245 | 1.14 | 1.16 | 1.19 | 1.12 | 1.29 |
Expenses including reductions | 1.235 | 1.13 | 1.15 | 1.18 | 1.11 | 1.29 |
Net investment income | 0.685 | 0.81 | 1.15 | 0.64 | 1.05 | 2.33 |
Portfolio turnover (%) | 22 | 59 | 59 | 57 | 2176 | 50 |
1 | Six months ended 1-31-24. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
6 | Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. |
26 | JOHN HANCOCK Multi-Asset Absolute Return Fund | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS NAV SHARES Period ended | 1-31-241 | 7-31-23 | 7-31-22 | 7-31-21 | 7-31-20 | 7-31-19 |
Per share operating performance | ||||||
Net asset value, beginning of period | $9.97 | $10.15 | $10.31 | $9.23 | $10.71 | $10.23 |
Net investment income2 | 0.03 | 0.09 | 0.11 | 0.06 | 0.10 | 0.21 |
Net realized and unrealized gain (loss) on investments | 0.34 | 0.07 | (0.27) | 1.11 | 0.02 | 0.27 |
Total from investment operations | 0.37 | 0.16 | (0.16) | 1.17 | 0.12 | 0.48 |
Less distributions | ||||||
From net investment income | — | (0.34) | — | (0.09) | (1.60) | — |
Net asset value, end of period | $10.34 | $9.97 | $10.15 | $10.31 | $9.23 | $10.71 |
Total return (%)3 | 3.714 | 1.74 | (1.46) | 12.73 | 1.34 | 4.59 |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $100 | $100 | $82 | $59 | $53 | $32 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 1.235 | 1.13 | 1.15 | 1.17 | 1.11 | 1.28 |
Expenses including reductions | 1.225 | 1.12 | 1.14 | 1.17 | 1.10 | 1.27 |
Net investment income | 0.615 | 0.93 | 1.13 | 0.65 | 1.10 | 2.07 |
Portfolio turnover (%) | 22 | 59 | 59 | 57 | 2176 | 50 |
1 | Six months ended 1-31-24. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
6 | Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK Multi-Asset Absolute Return Fund | 27 |
28 | JOHN HANCOCK Multi-Asset Absolute Return Fund | SEMIANNUAL REPORT |
Total value at 1-31-24 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
Common stocks | ||||
Brazil | $1,602,287 | $1,602,287 | — | — |
Canada | 959,787 | 959,787 | — | — |
China | 6,119,812 | 1,128,603 | $4,991,209 | — |
Denmark | 9,287,238 | — | 9,287,238 | — |
France | 9,855,975 | — | 9,855,975 | — |
Germany | 6,280,417 | — | 6,280,417 | — |
Hong Kong | 454,267 | — | 454,267 | — |
India | 665,442 | — | 665,442 | — |
Indonesia | 929,163 | — | 929,163 | — |
Ireland | 6,870,196 | 6,870,196 | — | — |
Israel | 1,891,744 | 1,891,744 | — | — |
SEMIANNUAL REPORT | JOHN HANCOCK Multi-Asset Absolute Return Fund | 29 |
Total value at 1-31-24 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Japan | $6,065,292 | — | $6,065,292 | — |
Mexico | 1,151,692 | $1,151,692 | — | — |
Netherlands | 509,343 | — | 509,343 | — |
Philippines | 35,052 | — | 35,052 | — |
South Africa | 844,931 | — | 844,931 | — |
South Korea | 4,250,635 | 85,853 | 4,164,782 | — |
Spain | 3,268,385 | — | 3,268,385 | — |
Sweden | 408,834 | — | 408,834 | — |
Switzerland | 6,177,385 | 1,166,690 | 5,010,695 | — |
Taiwan | 5,181,574 | 2,932,329 | 2,249,245 | — |
Thailand | 557,217 | — | 557,217 | — |
United Kingdom | 12,430,787 | — | 12,430,787 | — |
United States | 238,164,447 | 238,164,447 | — | — |
U.S. Government and Agency obligations | 16,060,871 | — | 16,060,871 | — |
Foreign government obligations | 150,674 | — | 150,674 | — |
Corporate bonds | 12,094,261 | — | 12,094,261 | — |
Total investments in securities | $352,267,708 | $255,953,628 | $96,314,080 | — |
Derivatives: | ||||
Assets | ||||
Futures | $3,217,163 | $3,217,163 | — | — |
Forward foreign currency contracts | 1,471,736 | — | $1,471,736 | — |
Liabilities | ||||
Futures | (4,570,289) | (4,570,289) | — | — |
Forward foreign currency contracts | (3,858,437) | — | (3,858,437) | — |
Level 3 includes securities valued at $0. Refer to Fund’s investments. |
30 | JOHN HANCOCK Multi-Asset Absolute Return Fund | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK Multi-Asset Absolute Return Fund | 31 |
32 | JOHN HANCOCK Multi-Asset Absolute Return Fund | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK Multi-Asset Absolute Return Fund | 33 |
Risk | Statement of assets and liabilities location | Financial instruments location | Assets derivatives fair value | Liabilities derivatives fair value |
Interest rate | Receivable/payable for futures variation margin1 | Futures | $3,183,453 | $(401,275) |
Equity | Receivable/payable for futures variation margin1 | Futures | 33,710 | (4,169,014) |
Currency | Unrealized appreciation (depreciation) on forward foreign currency contracts | Forward foreign currency contracts | 1,471,736 | (3,858,437) |
$4,688,899 | $(8,428,726) |
1 | Reflects cumulative appreciation/depreciation on open futures as disclosed in the Derivatives section of Fund’s investments. Only the period end variation margin receivable/payable is separately reported on the Statement of assets and liabilities. |
34 | JOHN HANCOCK Multi-Asset Absolute Return Fund | SEMIANNUAL REPORT |
Statement of operations location - Net realized gain (loss) on: | ||||
Risk | Futures contracts | Forward foreign currency contracts | Swap contracts | Total |
Interest rate | $(8,014,115) | — | — | $(8,014,115) |
Currency | — | $(3,210,395) | — | (3,210,395) |
Credit | — | — | $(33,486) | (33,486) |
Equity | (4,694,907) | — | — | (4,694,907) |
Total | $(12,709,022) | $(3,210,395) | $(33,486) | $(15,952,903) |
Statement of operations location - Change in net unrealized appreciation (depreciation) of: | |||
Risk | Futures contracts | Forward foreign currency contracts | Total |
Interest rate | $7,541,132 | — | $7,541,132 |
Currency | — | $3,899,319 | 3,899,319 |
Equity | 3,377,629 | — | 3,377,629 |
Total | $10,918,761 | $3,899,319 | $14,818,080 |
SEMIANNUAL REPORT | JOHN HANCOCK Multi-Asset Absolute Return Fund | 35 |
Class | Expense reduction |
Class A | $1,485 |
Class C | 168 |
Class I | 7,218 |
Class R2 | 33 |
Class | Expense reduction |
Class R6 | $2,283 |
Class NAV | 3,585 |
Total | $14,772 |
Class | Rule 12b-1 Fee | Service fee |
Class A | 0.30% | — |
Class C | 1.00% | — |
Class R2 | 0.25% | 0.25% |
36 | JOHN HANCOCK Multi-Asset Absolute Return Fund | SEMIANNUAL REPORT |
Class | Distribution and service fees | Transfer agent fees |
Class A | $61,111 | $24,635 |
Class C | 23,200 | 2,788 |
Class I | — | 119,759 |
Class R2 | 1,913 | 24 |
Class R6 | — | 1,501 |
Total | $86,224 | $148,707 |
Six Months Ended 1-31-24 | Year Ended 7-31-23 | |||
Shares | Amount | Shares | Amount | |
Class A shares | ||||
Sold | 353,488 | $3,472,125 | 772,654 | $7,493,368 |
Distributions reinvested | — | — | 132,149 | 1,243,521 |
Repurchased | (526,317) | (5,129,953) | (1,119,204) | (10,780,843) |
Net decrease | (172,829) | $(1,657,828) | (214,401) | $(2,043,954) |
Class C shares | ||||
Sold | 15,596 | $144,749 | 70,374 | $650,520 |
Distributions reinvested | — | — | 25,990 | 236,767 |
Repurchased | (321,437) | (3,031,240) | (759,644) | (7,093,782) |
Net decrease | (305,841) | $(2,886,491) | (663,280) | $(6,206,495) |
SEMIANNUAL REPORT | JOHN HANCOCK Multi-Asset Absolute Return Fund | 37 |
Six Months Ended 1-31-24 | Year Ended 7-31-23 | |||
Shares | Amount | Shares | Amount | |
Class I shares | ||||
Sold | 1,626,835 | $16,158,077 | 5,829,430 | $57,021,651 |
Distributions reinvested | — | — | 646,711 | 6,182,558 |
Repurchased | (2,824,288) | (28,162,302) | (7,551,040) | (74,086,872) |
Net decrease | (1,197,453) | $(12,004,225) | (1,074,899) | $(10,882,663) |
Class R2 shares | ||||
Sold | 1,661 | $16,171 | 3,188 | $30,589 |
Distributions reinvested | — | — | 2,861 | 26,780 |
Repurchased | (4,853) | (46,954) | (23,249) | (220,992) |
Net decrease | (3,192) | $(30,783) | (17,200) | $(163,623) |
Class R6 shares | ||||
Sold | 401,678 | $4,019,124 | 3,160,079 | $31,166,141 |
Distributions reinvested | — | — | 718,413 | 6,896,761 |
Repurchased | (10,624,131) | (105,589,723) | (12,828,830) | (125,956,351) |
Net decrease | (10,222,453) | $(101,570,599) | (8,950,338) | $(87,893,449) |
Class NAV shares | ||||
Sold | 321,992 | $3,283,318 | 2,881,850 | $28,434,493 |
Distributions reinvested | — | — | 340,895 | 3,272,596 |
Repurchased | (643,767) | (6,466,200) | (1,254,349) | (12,369,471) |
Net increase (decrease) | (321,775) | $(3,182,882) | 1,968,396 | $19,337,618 |
Total net decrease | (12,223,543) | $(121,332,808) | (8,951,722) | $(87,852,566) |
Fund | Affiliated Concentration |
John Hancock Funds II Alternative Asset Allocation Fund | 26.8% |
38 | JOHN HANCOCK Multi-Asset Absolute Return Fund | SEMIANNUAL REPORT |
Steven R. Pruchansky, Vice Chairperson
Andrew G. Arnott†
James R. Boyle
William H. Cunningham*
Noni L. Ellison
Grace K. Fey
Dean C. Garfield
Deborah C. Jackson
Paul Lorentz†
Frances G. Rathke*
Gregory A. Russo
President
Chief Financial Officer
Treasurer
Secretary and Chief Legal Officer
Chief Compliance Officer
Kurt Kongsted
Dr. Claus Vorm
You can also contact us: | ||
800-225-5291 | Regular mail: | Express mail: |
jhinvestments.com | John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 | John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
SEMIANNUAL REPORT | JOHN HANCOCK MULTI-ASSET ABSOLUTE RETURN FUND | 39 |
GOVERNANCE FUNDS
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.
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MF3375924 | 395SA 1/24 |
ITEM 2. CODE OF ETHICS.
Not applicable.
ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.
Not applicable.
ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.
Not applicable.
ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS
Not Applicable.
ITEM 6. SCHEDULE OF INVESTMENTS.
(a)Not Applicable.
(b)Not Applicable.
ITEM 7. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not Applicable.
ITEM 8. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not Applicable.
ITEM 9. PURCHASE OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANIES AND AFFILIATED PURCHASERS.
Not Applicable.
ITEM 10. SUBMISSION OF MATTERS TO VOTE OF SECURITY HOLDERS.
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.
(a)(1) Not applicable.
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/ Kristie M. Feinberg
__________________
Kristie M. Feinberg President
Date: March 8, 2024
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/ Kristie M. Feinberg
__________________
Kristie M. Feinberg President
Date: March 8, 2024
/s/ Charles A. Rizzo
___________________
Charles A. Rizzo
Chief Financial Officer
Date: March 8, 2024