John Hancock
Disciplined Value International Fund
Quarterly portfolio holdings 7/31/2021
Fund’s investments |
As of 7-31-21 (unaudited)
Shares | Value | ||||
Common stocks 95.5% | $2,139,225,635 | ||||
(Cost $1,839,367,655) | |||||
Australia 0.9% | 20,081,692 | ||||
Rio Tinto, Ltd. | 204,895 | 20,081,692 | |||
Austria 0.4% | 9,346,127 | ||||
ANDRITZ AG | 169,759 | 9,346,127 | |||
Bermuda 1.5% | 34,034,205 | ||||
Everest Re Group, Ltd. | 134,613 | 34,034,205 | |||
Canada 2.6% | 57,947,844 | ||||
Cenovus Energy, Inc. | 4,324,717 | 36,085,527 | |||
Kinross Gold Corp. | 2,239,306 | 14,689,847 | |||
West Fraser Timber Company, Ltd. | 99,993 | 7,172,470 | |||
China 1.1% | 24,540,087 | ||||
Angang Steel Company, Ltd., H Shares | 19,536,000 | 13,356,179 | |||
Topsports International Holdings, Ltd. (A) | 8,014,000 | 11,183,908 | |||
Finland 2.7% | 60,023,170 | ||||
Metso Outotec OYJ | 1,783,249 | 20,247,309 | |||
Nordea Bank ABP | 1,444,747 | 16,918,582 | |||
Sampo OYJ, A Shares | 474,919 | 22,857,279 | |||
France 14.7% | 328,116,229 | ||||
Airbus SE (B) | 198,646 | 27,248,120 | |||
AXA SA | 716,086 | 18,544,572 | |||
BNP Paribas SA | 502,539 | 30,644,519 | |||
Capgemini SE | 85,751 | 18,535,385 | |||
Cie de Saint-Gobain | 361,026 | 25,805,621 | |||
Eiffage SA | 337,376 | 34,393,800 | |||
Imerys SA | 348,367 | 16,136,456 | |||
Klepierre SA (B) | 662,819 | 16,048,192 | |||
Rexel SA (B) | 1,830,179 | 38,638,729 | |||
Sanofi | 3,279,893 | 58,315,467 | |||
TotalEnergies SE | 1,004,552 | 43,805,368 | |||
Germany 7.3% | 163,354,785 | ||||
Allianz SE | 137,490 | 34,175,099 | |||
Deutsche Post AG | 259,918 | 17,615,022 | |||
Deutsche Telekom AG | 1,587,304 | 32,943,286 | |||
Hannover Rueck SE | 133,774 | 22,485,275 | |||
HeidelbergCement AG | 145,879 | 12,927,515 | |||
Rheinmetall AG | 88,367 | 8,479,712 | |||
Siemens AG | 222,573 | 34,728,876 | |||
Greece 0.6% | 14,001,233 | ||||
Hellenic Telecommunications Organization SA | 767,259 | 14,001,233 | |||
Hong Kong 0.8% | 18,050,346 | ||||
WH Group, Ltd. (A) | 21,785,000 | 18,050,346 | |||
India 0.3% | 7,634,333 | ||||
HDFC Bank, Ltd., ADR | 108,181 | 7,634,333 | |||
Ireland 1.0% | 21,637,723 | ||||
CRH PLC | 432,934 | 21,637,723 |
2 | JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Shares | Value | ||||
Isle of Man 0.7% | $16,063,712 | ||||
Entain PLC (B) | 637,033 | 16,063,712 | |||
Italy 0.8% | 18,658,872 | ||||
Enel SpA | 2,024,712 | 18,658,872 | |||
Japan 15.7% | 352,078,342 | ||||
Asahi Group Holdings, Ltd. | 336,400 | 15,136,159 | |||
Fuji Corp. | 687,100 | 16,169,209 | |||
Hitachi, Ltd. | 356,100 | 20,482,594 | |||
Honda Motor Company, Ltd. | 1,234,200 | 39,639,877 | |||
Komatsu, Ltd. | 1,181,600 | 29,609,768 | |||
Kyudenko Corp. | 380,500 | 13,559,982 | |||
Mitsubishi Gas Chemical Company, Inc. | 697,700 | 14,533,720 | |||
Nihon Unisys, Ltd. | 466,300 | 14,060,776 | |||
Resona Holdings, Inc. | 7,269,200 | 27,293,527 | |||
Sanwa Holdings Corp. | 724,000 | 8,810,629 | |||
Sony Group Corp. | 272,000 | 28,414,886 | |||
Sumitomo Heavy Industries, Ltd. | 832,400 | 23,055,612 | |||
Sumitomo Mitsui Financial Group, Inc. | 1,294,300 | 43,629,667 | |||
Tosoh Corp. | 1,051,600 | 18,454,601 | |||
TS Tech Company, Ltd. | 799,400 | 11,892,921 | |||
Yamaha Motor Company, Ltd. | 1,091,600 | 27,334,414 | |||
Macau 0.3% | 7,256,983 | ||||
Wynn Macau, Ltd. (B) | 5,662,400 | 7,256,983 | |||
Netherlands 4.6% | 103,898,208 | ||||
ING Groep NV | 2,373,489 | 30,453,623 | |||
Royal Dutch Shell PLC, A Shares | 1,578,863 | 31,736,830 | |||
Stellantis NV | 2,172,130 | 41,707,755 | |||
Norway 1.5% | 32,915,467 | ||||
DNB Bank ASA (B) | 708,261 | 14,502,660 | |||
Norsk Hydro ASA | 2,767,595 | 18,412,807 | |||
South Korea 6.8% | 153,297,371 | ||||
Hana Financial Group, Inc. | 754,015 | 28,447,967 | |||
KB Financial Group, Inc. | 576,229 | 25,593,734 | |||
KT Corp., ADR | 686,261 | 9,875,296 | |||
POSCO | 43,100 | 13,708,251 | |||
Samsung Electronics Company, Ltd. | 566,617 | 38,720,561 | |||
SK Telecom Company, Ltd. | 141,072 | 36,951,562 | |||
Spain 0.6% | 12,753,218 | ||||
Applus Services SA | 1,324,732 | 12,753,218 | |||
Sweden 3.5% | 77,952,554 | ||||
Svenska Handelsbanken AB, A Shares | 2,649,472 | 29,857,727 | |||
Volvo AB, B Shares | 2,039,491 | 48,094,827 | |||
Switzerland 13.0% | 291,076,350 | ||||
Adecco Group AG | 367,279 | 21,994,924 | |||
Glencore PLC (B) | 11,596,872 | 52,083,608 | |||
Novartis AG | 594,271 | 54,957,243 | |||
Roche Holding AG | 168,961 | 65,271,694 | |||
STMicroelectronics NV | 816,788 | 33,614,010 | |||
UBS Group AG | 3,833,192 | 63,154,871 |
SEE NOTES TO FUND’S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND | 3 |
Shares | Value | ||||
United Kingdom 10.6% | $236,813,000 | ||||
BAE Systems PLC | 1,697,110 | 13,606,733 | |||
Coca-Cola Europacific Partners PLC | 700,715 | 43,486,373 | |||
GlaxoSmithKline PLC | 825,594 | 16,300,483 | |||
IMI PLC | 1,296,380 | 31,716,008 | |||
Melrose Industries PLC | 9,287,541 | 20,639,554 | |||
NatWest Group PLC | 4,043,247 | 11,348,322 | |||
Nomad Foods, Ltd. (B) | 442,809 | 11,566,171 | |||
Persimmon PLC | 410,073 | 16,541,471 | |||
Tesco PLC | 9,055,063 | 29,315,063 | |||
Travis Perkins PLC (B) | 1,788,114 | 42,292,822 | |||
United States 3.5% | 77,693,784 | ||||
Applied Materials, Inc. | 149,734 | 20,952,279 | |||
Envista Holdings Corp. (B) | 768,596 | 33,111,116 | |||
FMC Corp. | 220,948 | 23,630,389 | |||
Preferred securities 1.4% | $32,000,646 | ||||
(Cost $27,692,022) | |||||
Germany 1.4% | 32,000,646 | ||||
Volkswagen AG | 131,381 | 32,000,646 | |||
Yield (%) | Shares | Value | |||
Short-term investments 2.4% | $53,613,823 | ||||
(Cost $53,613,823) | |||||
Short-term funds 2.4% | 53,613,823 | ||||
Fidelity Institutional Money Market Government Portfolio, Institutional Class | 0.0100(C) | 53,613,823 | 53,613,823 |
Total investments (Cost $1,920,673,500) 99.3% | $2,224,840,104 | ||||
Other assets and liabilities, net 0.7% | 15,545,567 | ||||
Total net assets 100.0% | $2,240,385,671 |
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) | 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. |
(B) | Non-income producing security. |
(C) | The rate shown is the annualized seven-day yield as of 7-31-21. |
The fund had the following sector composition as a percentage of net assets on 7-31-21:
Industrials | 23.2% |
Financials | 20.5% |
Materials | 11.1% |
Consumer discretionary | 10.4% |
Health care | 10.2% |
Information technology | 5.5% |
Consumer staples | 5.3% |
Energy | 5.0% |
Communication services | 4.2% |
Utilities | 0.8% |
Real estate | 0.7% |
Short-term investments and other | 3.1% |
TOTAL | 100.0% |
4 | JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Notes to Fund’s investments (unaudited) |
Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In case of emergency or other disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value (NAV) may be determined as of the regularly scheduled close of the NYSE pursuant to the fund’s Valuation Policies and Procedures.
In order to value the securities, the fund uses the following valuation techniques: Equity securities, including exchange-traded or closed-end funds, are typically valued at the last sale price or official closing price on the exchange or principal market where the security trades. In the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price. Investments by the fund in open-end mutual funds are valued at their respective NAVs each business day. Foreign securities and currencies are valued in U.S. dollars based on foreign currency exchange rates supplied by an independent pricing vendor.
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 fund’s 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. Trading in foreign securities may be completed before the scheduled daily close of trading on the NYSE. Significant events at the issuer or market level may affect the values of securities between the time when the valuation of the securities is generally determined and the close of the NYSE. If a significant event occurs, these securities may be fair valued, as determined in good faith by the fund’s Pricing Committee, following procedures established by the Board of Trustees. The fund uses fair value adjustment factors provided by an independent pricing vendor to value certain foreign securities in order to adjust for events that may occur between the close of foreign exchanges or markets and the close of the NYSE.
The fund uses a three-tier hierarchy to prioritize the pricing assumptions, referred to as inputs, used in valuation techniques to measure fair value. Level 1 includes securities valued using quoted prices in active markets for identical securities, including registered investment companies. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the fund’s 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 fund’s investments as of July 31, 2021, by major security category or type:
Total value at 7-31-21 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
Common stocks | ||||
Australia | $20,081,692 | — | $20,081,692 | — |
Austria | 9,346,127 | — | 9,346,127 | — |
Bermuda | 34,034,205 | $34,034,205 | — | — |
Canada | 57,947,844 | 57,947,844 | — | — |
China | 24,540,087 | — | 24,540,087 | — |
Finland | 60,023,170 | — | 60,023,170 | — |
France | 328,116,229 | — | 328,116,229 | — |
Germany | 163,354,785 | — | 163,354,785 | — |
Greece | 14,001,233 | — | 14,001,233 | — |
Hong Kong | 18,050,346 | — | 18,050,346 | — |
India | 7,634,333 | 7,634,333 | — | — |
Ireland | 21,637,723 | — | 21,637,723 | — |
Isle of Man | 16,063,712 | — | 16,063,712 | — |
Italy | 18,658,872 | — | 18,658,872 | — |
Japan | 352,078,342 | — | 352,078,342 | — |
Macau | 7,256,983 | — | 7,256,983 | — |
Netherlands | 103,898,208 | — | 103,898,208 | — |
Norway | 32,915,467 | — | 32,915,467 | — |
| | 5 |
Total value at 7-31-21 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
(continued) | ||||
South Korea | $153,297,371 | $9,875,296 | $143,422,075 | — |
Spain | 12,753,218 | — | 12,753,218 | — |
Sweden | 77,952,554 | — | 77,952,554 | — |
Switzerland | 291,076,350 | — | 291,076,350 | — |
United Kingdom | 236,813,000 | 55,052,544 | 181,760,456 | — |
United States | 77,693,784 | 77,693,784 | — | — |
Preferred securities | 32,000,646 | — | 32,000,646 | — |
Short-term investments | 53,613,823 | 53,613,823 | — | — |
Total investments in securities | $2,224,840,104 | $295,851,829 | $1,928,988,275 | — |
Investment in affiliated underlying funds. The fund may invest in affiliated underlying funds that are managed by the Advisor and its affiliates. Information regarding the fund’s fiscal year to date purchases and sales of the affiliated underlying funds as well as income and capital gains earned by the fund, if any, is as follows:
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 | — | $23,714,935 | $493,482,078 | $(517,189,361) | $(10,598) | $2,946 | $369,052 | — | — |
For additional information on the fund’s significant accounting policies and risks, please refer to the fund’s most recent semiannual or annual shareholder report and prospectus.
6 | | |