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- 0560
John Hancock Investment Trust
(Exact name of registrant as specified in charter)
200 Berkeley Street, Boston, Massachusetts 02116 (Address of principal executive offices) (Zip code)
Salvatore Schiavone
Treasurer
200 Berkeley Street
Boston, Massachusetts 02116 (Name and address of agent for service)
Registrant's telephone number, including area code: 617-663-4497
Date of fiscal year end: | October 31 |
Date of reporting period: | April 30, 2021 |
ITEM 1. REPORTS TO STOCKHOLDERS
The Registrant prepared 5 semi-annual reports to shareholders for the period ended April 30, 2021. The first report applies to John Hancock Balanced Fund, the second report applies John Hancock Disciplined Value International Fund, the third report applies to John Hancock Fundamental Large Cap Core Fund, the fourth report applies to John Hancock Global Thematic Opportunities Fund and the fifth report applies to John Hancock Infrastructure Fund of the Registrant.
President and CEO,
John Hancock Investment Management
Head of Wealth and Asset Management,
United States and Europe
2 | JOHN HANCOCK BALANCED FUND | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK BALANCED FUND | 3 |
TOP 5 EQUITY HOLDINGS AS OF 4/30/2021 (% of net assets) | |
Microsoft Corp. | 3.7 |
Alphabet, Inc., Class A | 3.7 |
Amazon.com, Inc. | 3.3 |
Comcast Corp., Class A | 2.2 |
Apple, Inc. | 2.1 |
TOTAL | 15.0 |
Cash and cash equivalents are not included. |
TOP 5 BOND ISSUERS AS OF 4/30/2021 (% of net assets) | |
U.S. Treasury | 8.5 |
Federal National Mortgage Association | 5.2 |
Federal Home Loan Mortgage Corp. | 2.2 |
Ford Motor Company | 0.7 |
Government National Mortgage Association | 0.5 |
TOTAL | 17.1 |
Cash and cash equivalents are not included. |
4 | JOHN HANCOCK BALANCED FUND | SEMIANNUAL REPORT |
Average annual total returns (%) with maximum sales charge | Cumulative total returns (%) with maximum sales charge | SEC 30-day yield (%) subsidized | SEC 30-day yield (%) unsubsidized† | ||||||
1-year | 5-year | 10-year | 6-month | 5-year | 10-year | as of 4-30-21 | as of 4-30-21 | ||
Class A | 20.81 | 10.29 | 8.40 | 10.24 | 63.22 | 123.92 | 0.70 | 0.69 | |
Class C | 24.60 | 10.53 | 8.14 | 14.01 | 64.96 | 118.62 | 0.06 | 0.05 | |
Class I1 | 26.94 | 11.65 | 9.25 | 15.62 | 73.51 | 142.26 | 1.03 | 1.02 | |
Class R21,2 | 26.36 | 11.20 | 8.87 | 15.36 | 70.04 | 133.92 | 0.67 | 0.66 | |
Class R41 | 26.69 | 11.48 | 9.07 | 15.53 | 72.16 | 138.19 | 0.91 | 0.80 | |
Class R51 | 26.99 | 11.71 | 9.30 | 15.67 | 73.95 | 143.37 | 1.10 | 1.09 | |
Class R61,2 | 27.02 | 11.77 | 9.35 | 15.70 | 74.42 | 144.44 | 1.15 | 1.14 | |
Index 1†† | 45.98 | 17.42 | 14.17 | 28.85 | 123.20 | 276.37 | — | — | |
Index 2†† | -0.27 | 3.19 | 3.39 | -1.52 | 16.98 | 39.59 | — | — | |
Index 3†† | 25.77 | 11.84 | 10.00 | 15.95 | 74.94 | 159.46 | — | — |
Class A | Class C | Class I | Class R2 | Class R4 | Class R5 | Class R6 | |
Gross (%) | 1.08 | 1.78 | 0.78 | 1.16 | 1.01 | 0.71 | 0.66 |
Net (%) | 1.07 | 1.77 | 0.77 | 1.15 | 0.90 | 0.70 | 0.65 |
SEMIANNUAL REPORT | JOHN HANCOCK BALANCED FUND | 5 |
Start date | With maximum sales charge ($) | Without sales charge ($) | Index 1 ($) | Index 2 ($) | Index 3 ($) | |
Class C | 4-30-11 | 21,862 | 21,862 | 37,637 | 13,959 | 25,946 |
Class I1 | 4-30-11 | 24,226 | 24,226 | 37,637 | 13,959 | 25,946 |
Class R21,2 | 4-30-11 | 23,392 | 23,392 | 37,637 | 13,959 | 25,946 |
Class R41 | 4-30-11 | 23,819 | 23,819 | 37,637 | 13,959 | 25,946 |
Class R51 | 4-30-11 | 24,337 | 24,337 | 37,637 | 13,959 | 25,946 |
Class R61,2 | 4-30-11 | 24,444 | 24,444 | 37,637 | 13,959 | 25,946 |
1 | For certain types of investors, as described in the fund's prospectus. |
2 | Class R2 shares were first offered on 3/1/12; Class R6 shares were first offered 9/1/11. Returns prior to these dates are those of Class A shares that have not been adjusted for class-specific expenses; otherwise, returns would vary. |
6 | JOHN HANCOCK BALANCED FUND | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK BALANCED FUND | 7 |
Account value on 11-1-2020 | Ending value on 4-30-2021 | Expenses paid during period ended 4-30-20211 | Annualized expense ratio | ||
Class A | Actual expenses/actual returns | $1,000.00 | $1,154.30 | $5.56 | 1.04% |
Hypothetical example | 1,000.00 | 1,019.60 | 5.21 | 1.04% | |
Class C | Actual expenses/actual returns | 1,000.00 | 1,150.10 | 9.28 | 1.74% |
Hypothetical example | 1,000.00 | 1,016.20 | 8.70 | 1.74% | |
Class I | Actual expenses/actual returns | 1,000.00 | 1,156.20 | 3.96 | 0.74% |
Hypothetical example | 1,000.00 | 1,021.10 | 3.71 | 0.74% | |
Class R2 | Actual expenses/actual returns | 1,000.00 | 1,153.60 | 6.03 | 1.13% |
Hypothetical example | 1,000.00 | 1,019.20 | 5.66 | 1.13% | |
Class R4 | Actual expenses/actual returns | 1,000.00 | 1,155.30 | 4.70 | 0.88% |
Hypothetical example | 1,000.00 | 1,020.40 | 4.41 | 0.88% | |
Class R5 | Actual expenses/actual returns | 1,000.00 | 1,156.70 | 3.64 | 0.68% |
Hypothetical example | 1,000.00 | 1,021.40 | 3.41 | 0.68% | |
Class R6 | Actual expenses/actual returns | 1,000.00 | 1,157.00 | 3.42 | 0.64% |
Hypothetical example | 1,000.00 | 1,021.60 | 3.21 | 0.64% |
1 | Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period). |
8 | JOHN HANCOCK BALANCED FUND | SEMIANNUAL REPORT |
Shares | Value | ||||
Common stocks 56.3% | $2,178,658,263 | ||||
(Cost $1,139,998,915) | |||||
Communication services 8.8% | 340,722,939 | ||||
Diversified telecommunication services 1.4% | |||||
Verizon Communications, Inc. | 972,455 | 56,198,174 | |||
Interactive media and services 5.2% | |||||
Alphabet, Inc., Class A (A) | 60,900 | 143,328,150 | |||
Facebook, Inc., Class A (A) | 175,369 | 57,008,955 | |||
Media 2.2% | |||||
Comcast Corp., Class A | 1,499,335 | 84,187,660 | |||
Consumer discretionary 7.3% | 283,669,435 | ||||
Internet and direct marketing retail 3.3% | |||||
Amazon.com, Inc. (A) | 37,298 | 129,327,831 | |||
Multiline retail 1.1% | |||||
Dollar General Corp. | 203,049 | 43,604,773 | |||
Specialty retail 2.9% | |||||
Dick's Sporting Goods, Inc. | 291,998 | 24,113,195 | |||
Lowe's Companies, Inc. | 321,328 | 63,060,620 | |||
Ulta Beauty, Inc. (A) | 71,544 | 23,563,016 | |||
Consumer staples 3.6% | 140,953,407 | ||||
Beverages 0.4% | |||||
Anheuser-Busch InBev SA/NV | 225,100 | 15,944,471 | |||
Food and staples retailing 2.2% | |||||
Sysco Corp. | 335,040 | 28,387,939 | |||
Walmart, Inc. | 422,478 | 59,108,897 | |||
Household products 1.0% | |||||
The Procter & Gamble Company | 281,158 | 37,512,100 | |||
Energy 1.7% | 64,282,292 | ||||
Oil, gas and consumable fuels 1.7% | |||||
ConocoPhillips | 280,736 | 14,356,839 | |||
Devon Energy Corp. | 701,144 | 16,392,747 | |||
Pioneer Natural Resources Company | 42,273 | 6,502,856 | |||
Suncor Energy, Inc. | 568,925 | 12,186,374 | |||
Valero Energy Corp. | 200,696 | 14,843,476 | |||
Financials 7.8% | 301,656,018 | ||||
Banks 2.8% | |||||
Citizens Financial Group, Inc. | 687,250 | 31,805,930 | |||
JPMorgan Chase & Co. | 501,333 | 77,110,029 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK BALANCED FUND | 9 |
Shares | Value | ||||
Financials (continued) | |||||
Capital markets 1.5% | |||||
BlackRock, Inc. | 32,355 | $26,508,452 | |||
The Goldman Sachs Group, Inc. | 89,252 | 31,099,859 | |||
Consumer finance 1.3% | |||||
Discover Financial Services | 421,775 | 48,082,350 | |||
Diversified financial services 1.8% | |||||
Berkshire Hathaway, Inc., Class B (A) | 255,667 | 70,295,642 | |||
Insurance 0.4% | |||||
Arthur J. Gallagher & Company | 115,583 | 16,753,756 | |||
Health care 7.8% | 300,431,632 | ||||
Biotechnology 1.1% | |||||
Alexion Pharmaceuticals, Inc. (A) | 37,879 | 6,389,430 | |||
Gilead Sciences, Inc. | 203,404 | 12,910,052 | |||
Incyte Corp. (A) | 141,245 | 12,059,498 | |||
Sage Therapeutics, Inc. (A) | 44,245 | 3,484,736 | |||
Vertex Pharmaceuticals, Inc. (A) | 38,382 | 8,374,952 | |||
Health care equipment and supplies 2.4% | |||||
Abbott Laboratories | 381,705 | 45,835,136 | |||
Danaher Corp. | 180,372 | 45,803,666 | |||
Health care providers and services 1.2% | |||||
UnitedHealth Group, Inc. | 113,117 | 45,111,060 | |||
Life sciences tools and services 0.9% | |||||
PerkinElmer, Inc. | 80,471 | 10,431,456 | |||
Thermo Fisher Scientific, Inc. | 48,392 | 22,755,370 | |||
Pharmaceuticals 2.2% | |||||
AstraZeneca PLC | 224,367 | 23,882,405 | |||
Eli Lilly & Company | 208,648 | 38,134,595 | |||
Johnson & Johnson | 155,222 | 25,259,276 | |||
Industrials 4.3% | 168,413,351 | ||||
Aerospace and defense 0.6% | |||||
Northrop Grumman Corp. | 67,016 | 23,753,151 | |||
Industrial conglomerates 1.7% | |||||
Honeywell International, Inc. | 121,150 | 27,021,296 | |||
Roper Technologies, Inc. | 50,668 | 22,620,222 | |||
Siemens AG | 97,808 | 16,317,864 | |||
Machinery 2.0% | |||||
Deere & Company | 103,107 | 38,237,231 | |||
Ingersoll Rand, Inc. (A) | 470,503 | 23,247,553 | |||
Xylem, Inc. | 155,590 | 17,216,034 |
10 | JOHN HANCOCK BALANCED FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Information technology 12.7% | $490,392,273 | ||||
Communications equipment 1.3% | |||||
Cisco Systems, Inc. | 949,549 | 48,341,540 | |||
IT services 1.9% | |||||
Fidelity National Information Services, Inc. | 150,272 | 22,976,589 | |||
PayPal Holdings, Inc. (A) | 188,627 | 49,474,976 | |||
Semiconductors and semiconductor equipment 2.7% | |||||
Broadcom, Inc. | 149,840 | 68,357,008 | |||
Micron Technology, Inc. (A) | 416,174 | 35,820,096 | |||
Software 4.7% | |||||
Microsoft Corp. | 570,294 | 143,816,714 | |||
salesforce.com, Inc. (A) | 99,916 | 23,012,653 | |||
SAP SE, ADR (B) | 118,678 | 16,607,799 | |||
Technology hardware, storage and peripherals 2.1% | |||||
Apple, Inc. | 623,649 | 81,984,898 | |||
Materials 1.3% | 49,608,616 | ||||
Chemicals 0.5% | |||||
Linde PLC | 67,394 | 19,263,901 | |||
Metals and mining 0.8% | |||||
Franco-Nevada Corp. | 101,419 | 14,128,443 | |||
Lundin Mining Corp. | 770,918 | 9,313,861 | |||
Teck Resources, Ltd., Class B | 326,186 | 6,902,411 | |||
Real estate 0.8% | 32,343,393 | ||||
Equity real estate investment trusts 0.8% | |||||
American Tower Corp. | 66,896 | 17,043,094 | |||
Digital Realty Trust, Inc. | 99,153 | 15,300,299 | |||
Utilities 0.2% | 6,184,907 | ||||
Independent power and renewable electricity producers 0.2% | |||||
Brookfield Renewable Corp., Class A | 146,716 | 6,085,780 | |||
Multi-utilities 0.0% | |||||
Dominion Energy, Inc. | 961 | 99,127 | |||
Preferred securities 0.1% | $5,893,658 | ||||
(Cost $5,334,178) | |||||
Communication services 0.0% | 914,660 | ||||
Wireless telecommunication services 0.0% | |||||
Telephone & Data Systems, Inc., 6.625% | 33,200 | 914,660 | |||
Financials 0.0% | 902,020 | ||||
Banks 0.0% | |||||
GMAC Capital Trust I (3 month LIBOR + 5.785%), 5.983% (C) | 26,792 | 686,947 | |||
Wells Fargo & Company, 7.500% | 150 | 215,073 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK BALANCED FUND | 11 |
Shares | Value | ||||
Information technology 0.0% | $1,532,069 | ||||
Semiconductors and semiconductor equipment 0.0% | |||||
Broadcom, Inc., 8.000% | 1,057 | 1,532,069 | |||
Utilities 0.1% | 2,544,909 | ||||
Electric utilities 0.1% | |||||
NextEra Energy, Inc., 5.279% | 29,840 | 1,503,041 | |||
The Southern Company, 6.750% | 1,552 | 81,325 | |||
Multi-utilities 0.0% | |||||
DTE Energy Company, 6.250% | 1,413 | 71,696 | |||
NiSource, Inc., 7.750% | 8,300 | 888,847 | |||
Rate (%) | Maturity date | Par value^ | Value | ||
U.S. Government and Agency obligations 15.9% | $616,531,290 | ||||
(Cost $616,856,566) | |||||
U.S. Government 8.5% | 329,763,415 | ||||
U.S. Treasury | |||||
Bond | 1.625 | 11-15-50 | 33,058,000 | 28,280,086 | |
Bond | 2.250 | 08-15-49 | 8,240,000 | 8,165,969 | |
Bond | 2.500 | 02-15-45 | 15,366,000 | 16,037,662 | |
Bond | 2.750 | 11-15-42 | 35,415,000 | 38,760,057 | |
Bond | 3.000 | 02-15-47 | 684,000 | 781,523 | |
Bond | 3.125 | 11-15-41 | 16,558,000 | 19,216,982 | |
Note | 0.250 | 03-15-24 | 46,445,000 | 46,365,173 | |
Note | 0.750 | 03-31-26 | 40,233,000 | 40,075,840 | |
Note | 1.125 | 02-15-31 | 53,458,000 | 51,052,390 | |
Note | 1.250 | 03-31-28 | 81,269,000 | 81,027,733 | |
U.S. Government Agency 7.4% | 286,767,875 | ||||
Federal Home Loan Mortgage Corp. | |||||
15 Yr Pass Thru | 2.500 | 11-01-34 | 2,486,528 | 2,608,266 | |
30 Yr Pass Thru | 2.500 | 08-01-50 | 13,285,964 | 13,886,312 | |
30 Yr Pass Thru | 3.000 | 03-01-43 | 599,732 | 648,031 | |
30 Yr Pass Thru | 3.000 | 12-01-45 | 2,909,343 | 3,109,893 | |
30 Yr Pass Thru | 3.000 | 10-01-46 | 9,401,652 | 10,032,110 | |
30 Yr Pass Thru | 3.000 | 10-01-46 | 3,276,219 | 3,487,726 | |
30 Yr Pass Thru | 3.000 | 12-01-46 | 2,501,697 | 2,653,039 | |
30 Yr Pass Thru | 3.000 | 12-01-46 | 2,161,325 | 2,315,124 | |
30 Yr Pass Thru | 3.000 | 04-01-47 | 3,938,857 | 4,159,418 | |
30 Yr Pass Thru | 3.000 | 10-01-49 | 5,642,504 | 5,965,516 | |
30 Yr Pass Thru | 3.000 | 10-01-49 | 4,337,946 | 4,570,010 | |
30 Yr Pass Thru | 3.000 | 12-01-49 | 1,184,354 | 1,252,154 | |
30 Yr Pass Thru | 3.000 | 12-01-49 | 7,594,688 | 7,946,389 | |
30 Yr Pass Thru | 3.000 | 01-01-50 | 7,117,323 | 7,524,763 | |
30 Yr Pass Thru | 3.000 | 02-01-50 | 311,252 | 326,153 | |
30 Yr Pass Thru | 3.500 | 10-01-46 | 3,471,733 | 3,784,449 |
12 | JOHN HANCOCK BALANCED FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
U.S. Government Agency (continued) | |||||
30 Yr Pass Thru | 3.500 | 12-01-46 | 1,714,499 | $1,860,962 | |
30 Yr Pass Thru | 3.500 | 11-01-48 | 1,262,242 | 1,371,649 | |
30 Yr Pass Thru | 3.500 | 06-01-49 | 145,584 | 155,958 | |
30 Yr Pass Thru | 4.000 | 11-01-47 | 759,657 | 819,973 | |
30 Yr Pass Thru | 4.000 | 08-01-48 | 877,550 | 956,860 | |
30 Yr Pass Thru | 4.500 | 03-01-41 | 1,196,873 | 1,349,043 | |
30 Yr Pass Thru | 5.500 | 11-01-39 | 679,610 | 791,310 | |
Federal National Mortgage Association | |||||
30 Yr Pass Thru (D) | 2.000 | TBA | 25,997,000 | 26,259,494 | |
30 Yr Pass Thru | 2.000 | 09-01-50 | 14,344,128 | 14,519,707 | |
30 Yr Pass Thru | 2.000 | 09-01-50 | 4,501,588 | 4,562,316 | |
30 Yr Pass Thru | 2.000 | 10-01-50 | 1,816,861 | 1,844,210 | |
30 Yr Pass Thru (D) | 2.500 | TBA | 47,332,000 | 49,110,661 | |
30 Yr Pass Thru | 2.500 | 09-01-50 | 12,793,853 | 13,371,964 | |
30 Yr Pass Thru | 2.500 | 09-01-50 | 14,421,527 | 15,073,187 | |
30 Yr Pass Thru | 3.000 | 02-01-43 | 469,399 | 500,965 | |
30 Yr Pass Thru | 3.000 | 03-01-43 | 148,114 | 159,972 | |
30 Yr Pass Thru | 3.000 | 05-01-43 | 233,645 | 252,351 | |
30 Yr Pass Thru | 3.000 | 12-01-45 | 3,426,775 | 3,624,016 | |
30 Yr Pass Thru | 3.000 | 02-01-47 | 2,337,666 | 2,502,901 | |
30 Yr Pass Thru | 3.000 | 10-01-47 | 4,832,076 | 5,135,875 | |
30 Yr Pass Thru | 3.000 | 12-01-47 | 1,311,027 | 1,384,030 | |
30 Yr Pass Thru | 3.000 | 10-01-49 | 5,913,293 | 6,272,134 | |
30 Yr Pass Thru | 3.000 | 11-01-49 | 1,161,415 | 1,223,546 | |
30 Yr Pass Thru | 3.500 | 06-01-42 | 2,660,716 | 2,900,196 | |
30 Yr Pass Thru | 3.500 | 06-01-43 | 4,901,483 | 5,347,241 | |
30 Yr Pass Thru | 3.500 | 12-01-44 | 1,016,628 | 1,108,131 | |
30 Yr Pass Thru | 3.500 | 04-01-45 | 864,503 | 938,801 | |
30 Yr Pass Thru | 3.500 | 04-01-45 | 337,836 | 366,871 | |
30 Yr Pass Thru | 3.500 | 07-01-47 | 7,358,831 | 8,014,270 | |
30 Yr Pass Thru | 3.500 | 12-01-47 | 1,294,875 | 1,395,235 | |
30 Yr Pass Thru | 3.500 | 09-01-49 | 1,294,557 | 1,376,000 | |
30 Yr Pass Thru | 3.500 | 01-01-50 | 3,029,519 | 3,219,829 | |
30 Yr Pass Thru | 3.500 | 03-01-50 | 6,224,245 | 6,621,078 | |
30 Yr Pass Thru | 4.000 | 01-01-41 | 1,304,681 | 1,436,824 | |
30 Yr Pass Thru | 4.000 | 09-01-41 | 703,365 | 777,420 | |
30 Yr Pass Thru | 4.000 | 10-01-41 | 4,736,133 | 5,216,060 | |
30 Yr Pass Thru | 4.000 | 01-01-47 | 5,659,418 | 6,239,357 | |
30 Yr Pass Thru | 4.000 | 04-01-48 | 885,516 | 969,339 | |
30 Yr Pass Thru | 4.000 | 10-01-48 | 810,771 | 887,519 | |
30 Yr Pass Thru | 4.000 | 07-01-49 | 1,162,173 | 1,266,011 | |
30 Yr Pass Thru | 4.500 | 11-01-39 | 1,383,392 | 1,544,398 | |
30 Yr Pass Thru | 4.500 | 09-01-40 | 769,871 | 865,027 | |
30 Yr Pass Thru | 4.500 | 05-01-41 | 444,969 | 499,967 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK BALANCED FUND | 13 |
Rate (%) | Maturity date | Par value^ | Value | ||
U.S. Government Agency (continued) | |||||
30 Yr Pass Thru | 4.500 | 07-01-41 | 1,598,783 | $1,796,392 | |
30 Yr Pass Thru | 4.500 | 01-01-43 | 555,462 | 624,117 | |
30 Yr Pass Thru | 4.500 | 04-01-48 | 3,665,873 | 4,051,384 | |
30 Yr Pass Thru | 4.500 | 07-01-48 | 1,776,464 | 1,930,250 | |
30 Yr Pass Thru | 7.000 | 06-01-32 | 715 | 846 | |
30 Yr Pass Thru | 7.500 | 04-01-31 | 1,416 | 1,672 | |
30 Yr Pass Thru | 8.000 | 01-01-31 | 1,024 | 1,203 | |
Foreign government obligations 0.2% | $8,556,611 | ||||
(Cost $8,195,459) | |||||
Argentina 0.0% | 1,958,028 | ||||
Republic of Argentina Bond (0.125% to 7-9-21, then 2.500% to 7-9-22, then 3.500% to 7-9-29, then 4.875% thereafter) | 0.125 | 07-09-41 | 5,477,000 | 1,958,028 | |
Qatar 0.1% | 3,187,459 | ||||
State of Qatar | |||||
Bond (E) | 3.375 | 03-14-24 | 1,718,000 | 1,844,617 | |
Bond (E) | 5.103 | 04-23-48 | 1,060,000 | 1,342,842 | |
Saudi Arabia 0.1% | 3,411,124 | ||||
Kingdom of Saudi Arabia Bond (E) | 4.375 | 04-16-29 | 2,984,000 | 3,411,124 | |
Corporate bonds 21.6% | $837,111,239 | ||||
(Cost $813,085,485) | |||||
Communication services 2.9% | 113,631,571 | ||||
Diversified telecommunication services 1.1% | |||||
AT&T, Inc. | 2.300 | 06-01-27 | 1,244,000 | 1,276,052 | |
AT&T, Inc. | 3.100 | 02-01-43 | 4,808,000 | 4,447,774 | |
AT&T, Inc. | 3.650 | 06-01-51 | 528,000 | 507,851 | |
AT&T, Inc. | 3.800 | 02-15-27 | 320,000 | 355,929 | |
C&W Senior Financing DAC (E) | 6.875 | 09-15-27 | 1,180,000 | 1,250,800 | |
Cincinnati Bell, Inc. (E) | 7.000 | 07-15-24 | 1,701,000 | 1,756,283 | |
Connect Finco SARL (E) | 6.750 | 10-01-26 | 2,042,000 | 2,132,359 | |
GCI LLC (E) | 4.750 | 10-15-28 | 860,000 | 885,800 | |
Kenbourne Invest SA (E) | 4.700 | 01-22-28 | 309,000 | 316,725 | |
Kenbourne Invest SA (E) | 6.875 | 11-26-24 | 500,000 | 531,650 | |
Level 3 Financing, Inc. (E) | 3.400 | 03-01-27 | 1,719,000 | 1,824,289 | |
Lumen Technologies, Inc. (E) | 4.000 | 02-15-27 | 392,000 | 399,401 | |
Lumen Technologies, Inc. (E) | 4.500 | 01-15-29 | 1,470,000 | 1,447,950 | |
Radiate Holdco LLC (E) | 6.500 | 09-15-28 | 801,000 | 833,889 | |
Switch, Ltd. (E) | 3.750 | 09-15-28 | 272,000 | 270,640 | |
Telecom Argentina SA (E) | 6.500 | 06-15-21 | 128,000 | 127,041 | |
Telecom Argentina SA (E) | 8.000 | 07-18-26 | 653,000 | 581,170 | |
Telecom Italia Capital SA | 7.200 | 07-18-36 | 1,810,000 | 2,242,825 |
14 | JOHN HANCOCK BALANCED FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Communication services (continued) | |||||
Diversified telecommunication services (continued) | |||||
Telecom Italia SpA (E) | 5.303 | 05-30-24 | 1,140,000 | $1,245,108 | |
Telefonica Emisiones SA | 5.213 | 03-08-47 | 3,146,000 | 3,727,037 | |
Telesat Canada (E) | 5.625 | 12-06-26 | 738,000 | 741,690 | |
Total Play Telecomunicaciones SA de CV (E) | 7.500 | 11-12-25 | 2,803,000 | 2,803,000 | |
Verizon Communications, Inc. | 2.650 | 11-20-40 | 2,777,000 | 2,572,789 | |
Verizon Communications, Inc. | 3.000 | 03-22-27 | 235,000 | 252,563 | |
Verizon Communications, Inc. | 3.400 | 03-22-41 | 687,000 | 703,779 | |
Verizon Communications, Inc. | 4.329 | 09-21-28 | 3,456,000 | 3,984,318 | |
Verizon Communications, Inc. | 4.400 | 11-01-34 | 1,365,000 | 1,589,869 | |
Verizon Communications, Inc. | 4.500 | 08-10-33 | 1,582,000 | 1,864,854 | |
Verizon Communications, Inc. | 4.862 | 08-21-46 | 2,943,000 | 3,640,488 | |
Entertainment 0.3% | |||||
Legends Hospitality Holding Company LLC (E) | 5.000 | 02-01-26 | 273,000 | 281,873 | |
Lions Gate Capital Holdings LLC (E) | 5.500 | 04-15-29 | 1,760,000 | 1,764,400 | |
Live Nation Entertainment, Inc. (E) | 4.750 | 10-15-27 | 1,565,000 | 1,579,175 | |
Netflix, Inc. | 4.875 | 04-15-28 | 2,475,000 | 2,849,344 | |
Netflix, Inc. (E) | 4.875 | 06-15-30 | 930,000 | 1,078,800 | |
Netflix, Inc. (E) | 5.375 | 11-15-29 | 230,000 | 273,125 | |
Netflix, Inc. | 5.875 | 11-15-28 | 1,835,000 | 2,232,690 | |
Playtika Holding Corp. (E) | 4.250 | 03-15-29 | 249,000 | 247,444 | |
Interactive media and services 0.1% | |||||
ANGI Group LLC (E) | 3.875 | 08-15-28 | 854,000 | 848,663 | |
Match Group Holdings II LLC (E) | 4.125 | 08-01-30 | 1,271,000 | 1,275,766 | |
Twitter, Inc. (E) | 3.875 | 12-15-27 | 930,000 | 978,825 | |
Media 0.9% | |||||
Altice Financing SA (E) | 5.000 | 01-15-28 | 351,000 | 346,174 | |
Altice France Holding SA (E) | 10.500 | 05-15-27 | 225,000 | 253,454 | |
Cable One, Inc. (E) | 4.000 | 11-15-30 | 448,000 | 441,280 | |
CCO Holdings LLC (E) | 4.500 | 06-01-33 | 1,006,000 | 1,013,867 | |
Charter Communications Operating LLC | 4.200 | 03-15-28 | 2,598,000 | 2,880,890 | |
Charter Communications Operating LLC | 4.800 | 03-01-50 | 2,775,000 | 3,056,088 | |
Charter Communications Operating LLC | 5.750 | 04-01-48 | 3,085,000 | 3,786,052 | |
Charter Communications Operating LLC | 6.484 | 10-23-45 | 2,410,000 | 3,188,028 | |
Clear Channel Outdoor Holdings, Inc. (E) | 7.750 | 04-15-28 | 405,000 | 416,972 | |
Comcast Corp. | 3.999 | 11-01-49 | 265,000 | 300,950 | |
Comcast Corp. | 4.150 | 10-15-28 | 5,236,000 | 6,023,248 | |
Cox Communications, Inc. (E) | 1.800 | 10-01-30 | 900,000 | 847,736 | |
CSC Holdings LLC (E) | 5.375 | 02-01-28 | 360,000 | 378,860 | |
CSC Holdings LLC | 5.875 | 09-15-22 | 905,000 | 950,612 | |
CSC Holdings LLC (E) | 7.500 | 04-01-28 | 730,000 | 803,913 | |
Globo Comunicacao e Participacoes SA (E) | 4.875 | 01-22-30 | 1,595,000 | 1,616,437 | |
LCPR Senior Secured Financing DAC (E) | 5.125 | 07-15-29 | 625,000 | 641,213 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK BALANCED FUND | 15 |
Rate (%) | Maturity date | Par value^ | Value | ||
Communication services (continued) | |||||
Media (continued) | |||||
LCPR Senior Secured Financing DAC (E) | 6.750 | 10-15-27 | 765,000 | $822,375 | |
MDC Partners, Inc. (E) | 7.500 | 05-01-24 | 1,784,000 | 1,815,077 | |
Meredith Corp. | 6.875 | 02-01-26 | 1,188,000 | 1,219,185 | |
National CineMedia LLC (E) | 5.875 | 04-15-28 | 355,000 | 339,025 | |
News Corp. (E) | 3.875 | 05-15-29 | 978,000 | 997,276 | |
Sirius XM Radio, Inc. (E) | 5.000 | 08-01-27 | 1,657,000 | 1,735,206 | |
Townsquare Media, Inc. (E) | 6.875 | 02-01-26 | 411,000 | 428,468 | |
Virgin Media Finance PLC (E) | 5.000 | 07-15-30 | 334,000 | 333,025 | |
WMG Acquisition Corp. (E) | 3.000 | 02-15-31 | 184,000 | 172,730 | |
Wireless telecommunication services 0.5% | |||||
Millicom International Cellular SA (E) | 5.125 | 01-15-28 | 180,000 | 189,997 | |
MTN Mauritius Investments, Ltd. (E) | 4.755 | 11-11-24 | 1,260,000 | 1,335,162 | |
Oztel Holdings SPC, Ltd. (E) | 6.625 | 04-24-28 | 785,000 | 873,823 | |
SoftBank Group Corp. (6.875% to 7-19-27, then 5 Year ICE Swap Rate + 4.854%) (F) | 6.875 | 07-19-27 | 1,999,000 | 2,081,215 | |
Sprint Corp. | 7.875 | 09-15-23 | 1,120,000 | 1,276,800 | |
Telefonica Celular del Paraguay SA (E) | 5.875 | 04-15-27 | 1,073,000 | 1,141,790 | |
T-Mobile USA, Inc. (E) | 2.050 | 02-15-28 | 2,482,000 | 2,463,633 | |
T-Mobile USA, Inc. (E) | 2.550 | 02-15-31 | 606,000 | 596,140 | |
T-Mobile USA, Inc. | 2.875 | 02-15-31 | 245,000 | 239,181 | |
T-Mobile USA, Inc. | 3.375 | 04-15-29 | 2,210,000 | 2,245,913 | |
T-Mobile USA, Inc. (E) | 3.750 | 04-15-27 | 911,000 | 1,003,485 | |
T-Mobile USA, Inc. (E) | 3.875 | 04-15-30 | 2,820,000 | 3,071,826 | |
T-Mobile USA, Inc. (E) | 4.500 | 04-15-50 | 1,421,000 | 1,602,618 | |
Vodafone Group PLC (7.000% to 1-4-29, then 5 Year U.S. Swap Rate + 4.873%) | 7.000 | 04-04-79 | 2,443,000 | 2,977,819 | |
Consumer discretionary 2.5% | 97,535,942 | ||||
Auto components 0.0% | |||||
Dealer Tire LLC (E) | 8.000 | 02-01-28 | 332,000 | 350,675 | |
LCM Investments Holdings II LLC (E) | 4.875 | 05-01-29 | 321,000 | 328,357 | |
Magna International, Inc. | 2.450 | 06-15-30 | 431,000 | 436,727 | |
Automobiles 0.6% | |||||
Daimler Finance North America LLC (E) | 3.500 | 08-03-25 | 895,000 | 976,825 | |
Daimler Finance North America LLC (E) | 3.750 | 11-05-21 | 170,000 | 172,893 | |
Ford Motor Credit Company LLC | 2.900 | 02-16-28 | 330,000 | 323,400 | |
Ford Motor Credit Company LLC | 4.000 | 11-13-30 | 887,000 | 905,849 | |
Ford Motor Credit Company LLC | 4.125 | 08-17-27 | 1,719,000 | 1,796,544 | |
Ford Motor Credit Company LLC | 4.134 | 08-04-25 | 4,512,000 | 4,754,520 | |
Ford Motor Credit Company LLC | 5.113 | 05-03-29 | 2,379,000 | 2,598,344 | |
Ford Motor Credit Company LLC | 5.875 | 08-02-21 | 2,060,000 | 2,079,570 | |
General Motors Company | 5.400 | 04-01-48 | 655,000 | 791,331 |
16 | JOHN HANCOCK BALANCED FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Consumer discretionary (continued) | |||||
Automobiles (continued) | |||||
General Motors Financial Company, Inc. | 3.600 | 06-21-30 | 4,082,000 | $4,338,394 | |
General Motors Financial Company, Inc. | 4.300 | 07-13-25 | 1,735,000 | 1,923,103 | |
General Motors Financial Company, Inc. | 5.200 | 03-20-23 | 1,428,000 | 1,546,640 | |
Hyundai Capital America (E) | 1.800 | 10-15-25 | 726,000 | 731,830 | |
Hyundai Capital America (E) | 2.375 | 10-15-27 | 726,000 | 732,445 | |
Nissan Motor Acceptance Corp. (E) | 3.450 | 03-15-23 | 960,000 | 1,003,570 | |
Diversified consumer services 0.1% | |||||
GEMS MENASA Cayman, Ltd. (E) | 7.125 | 07-31-26 | 776,000 | 816,740 | |
Laureate Education, Inc. (E) | 8.250 | 05-01-25 | 475,000 | 495,135 | |
Service Corp. International | 3.375 | 08-15-30 | 451,000 | 436,343 | |
Sotheby's (E) | 7.375 | 10-15-27 | 1,078,000 | 1,161,868 | |
StoneMor, Inc. (E) | 8.500 | 05-15-29 | 1,812,000 | 1,830,102 | |
Hotels, restaurants and leisure 1.1% | |||||
Affinity Gaming (E) | 6.875 | 12-15-27 | 579,000 | 614,611 | |
Bally's Corp. (E) | 6.750 | 06-01-27 | 1,423,000 | 1,513,830 | |
Booking Holdings, Inc. | 4.625 | 04-13-30 | 1,985,000 | 2,326,491 | |
Caesars Resort Collection LLC (E) | 5.750 | 07-01-25 | 410,000 | 431,636 | |
CCM Merger, Inc. (E) | 6.375 | 05-01-26 | 503,000 | 525,635 | |
Choice Hotels International, Inc. | 3.700 | 12-01-29 | 457,000 | 485,430 | |
Choice Hotels International, Inc. | 3.700 | 01-15-31 | 1,142,000 | 1,209,355 | |
Dave & Buster's, Inc. (E) | 7.625 | 11-01-25 | 203,000 | 219,315 | |
Expedia Group, Inc. (E) | 2.950 | 03-15-31 | 1,152,000 | 1,146,328 | |
Expedia Group, Inc. | 3.250 | 02-15-30 | 1,676,000 | 1,701,366 | |
Expedia Group, Inc. | 3.800 | 02-15-28 | 2,840,000 | 3,045,638 | |
Expedia Group, Inc. (E) | 4.625 | 08-01-27 | 1,705,000 | 1,918,010 | |
Expedia Group, Inc. | 5.000 | 02-15-26 | 2,554,000 | 2,901,882 | |
Hilton Domestic Operating Company, Inc. (E) | 3.625 | 02-15-32 | 1,073,000 | 1,055,210 | |
Hilton Domestic Operating Company, Inc. (E) | 4.000 | 05-01-31 | 666,000 | 672,660 | |
Hilton Domestic Operating Company, Inc. | 4.875 | 01-15-30 | 1,604,000 | 1,710,297 | |
Hilton Domestic Operating Company, Inc. (E) | 5.750 | 05-01-28 | 237,000 | 254,775 | |
Hyatt Hotels Corp. | 4.375 | 09-15-28 | 383,000 | 413,257 | |
Hyatt Hotels Corp. | 5.750 | 04-23-30 | 959,000 | 1,134,657 | |
International Game Technology PLC (E) | 5.250 | 01-15-29 | 225,000 | 238,585 | |
International Game Technology PLC (E) | 6.500 | 02-15-25 | 765,000 | 847,238 | |
Jacobs Entertainment, Inc. (E) | 7.875 | 02-01-24 | 969,000 | 1,010,183 | |
Life Time, Inc. (E) | 8.000 | 04-15-26 | 502,000 | 527,271 | |
Marriott International, Inc. | 2.850 | 04-15-31 | 1,894,000 | 1,882,742 | |
Marriott International, Inc. | 3.125 | 06-15-26 | 650,000 | 691,054 | |
Marriott International, Inc. | 3.500 | 10-15-32 | 1,672,000 | 1,745,347 | |
Marriott International, Inc. | 4.625 | 06-15-30 | 1,002,000 | 1,125,005 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK BALANCED FUND | 17 |
Rate (%) | Maturity date | Par value^ | Value | ||
Consumer discretionary (continued) | |||||
Hotels, restaurants and leisure (continued) | |||||
MGM Resorts International | 4.750 | 10-15-28 | 1,584,000 | $1,670,930 | |
Midwest Gaming Borrower LLC (E) | 4.875 | 05-01-29 | 1,110,000 | 1,109,656 | |
Mohegan Gaming & Entertainment (E) | 8.000 | 02-01-26 | 1,166,000 | 1,183,490 | |
New Red Finance, Inc. (E) | 4.000 | 10-15-30 | 2,277,000 | 2,220,075 | |
Resorts World Las Vegas LLC (E) | 4.625 | 04-16-29 | 1,290,000 | 1,312,763 | |
Resorts World Las Vegas LLC (E) | 4.625 | 04-06-31 | 600,000 | 609,001 | |
Travel + Leisure Company (E) | 4.625 | 03-01-30 | 479,000 | 498,160 | |
Travel + Leisure Company | 6.600 | 10-01-25 | 585,000 | 661,843 | |
Wyndham Hotels & Resorts, Inc. (E) | 4.375 | 08-15-28 | 378,000 | 390,172 | |
Yum! Brands, Inc. | 3.625 | 03-15-31 | 973,000 | 960,361 | |
Yum! Brands, Inc. (E) | 4.750 | 01-15-30 | 908,000 | 971,560 | |
Household durables 0.1% | |||||
Century Communities, Inc. | 6.750 | 06-01-27 | 1,026,000 | 1,104,002 | |
Empire Communities Corp. (E) | 7.000 | 12-15-25 | 187,000 | 200,090 | |
MDC Holdings, Inc. | 2.500 | 01-15-31 | 632,000 | 610,765 | |
Internet and direct marketing retail 0.3% | |||||
Amazon.com, Inc. | 3.150 | 08-22-27 | 3,379,000 | 3,720,420 | |
Amazon.com, Inc. | 4.050 | 08-22-47 | 1,690,000 | 1,997,659 | |
eBay, Inc. | 2.700 | 03-11-30 | 2,477,000 | 2,520,058 | |
MercadoLibre, Inc. | 3.125 | 01-14-31 | 227,000 | 217,126 | |
Prosus NV (E) | 4.850 | 07-06-27 | 250,000 | 281,673 | |
Prosus NV (E) | 5.500 | 07-21-25 | 1,540,000 | 1,754,343 | |
QVC, Inc. | 4.375 | 03-15-23 | 1,350,000 | 1,425,938 | |
QVC, Inc. | 5.450 | 08-15-34 | 630,000 | 647,010 | |
Multiline retail 0.2% | |||||
Dollar General Corp. | 3.500 | 04-03-30 | 1,305,000 | 1,409,658 | |
Dollar Tree, Inc. | 4.200 | 05-15-28 | 3,313,000 | 3,760,849 | |
Macy's Retail Holdings LLC (E) | 5.875 | 04-01-29 | 287,000 | 294,519 | |
Macy's, Inc. (E) | 8.375 | 06-15-25 | 335,000 | 369,582 | |
Specialty retail 0.1% | |||||
Asbury Automotive Group, Inc. | 4.750 | 03-01-30 | 615,000 | 642,675 | |
AutoNation, Inc. | 4.750 | 06-01-30 | 1,295,000 | 1,510,034 | |
Group 1 Automotive, Inc. (E) | 4.000 | 08-15-28 | 122,000 | 121,848 | |
Ken Garff Automotive LLC (E) | 4.875 | 09-15-28 | 603,000 | 608,276 | |
Specialty Building Products Holdings LLC (E) | 6.375 | 09-30-26 | 120,000 | 126,450 | |
Textiles, apparel and luxury goods 0.0% | |||||
Hanesbrands, Inc. (E) | 5.375 | 05-15-25 | 450,000 | 473,625 | |
Levi Strauss & Company (E) | 3.500 | 03-01-31 | 273,000 | 272,318 |
18 | JOHN HANCOCK BALANCED FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Consumer staples 0.8% | $30,210,627 | ||||
Beverages 0.1% | |||||
Anheuser-Busch InBev Worldwide, Inc. | 4.600 | 04-15-48 | 1,621,000 | 1,869,423 | |
Constellation Brands, Inc. | 3.150 | 08-01-29 | 664,000 | 700,286 | |
Keurig Dr. Pepper, Inc. | 3.200 | 05-01-30 | 391,000 | 416,831 | |
Food and staples retailing 0.2% | |||||
7-Eleven, Inc. (E) | 2.800 | 02-10-51 | 1,951,000 | 1,766,114 | |
Advantage Sales & Marketing, Inc. (E) | 6.500 | 11-15-28 | 1,530,000 | 1,617,975 | |
Albertsons Companies, Inc. (E) | 3.250 | 03-15-26 | 438,000 | 437,685 | |
Albertsons Companies, Inc. (E) | 3.500 | 03-15-29 | 1,897,000 | 1,821,120 | |
Albertsons Companies, Inc. (E) | 4.875 | 02-15-30 | 386,000 | 401,878 | |
Sysco Corp. | 5.950 | 04-01-30 | 712,000 | 897,824 | |
The Kroger Company | 2.200 | 05-01-30 | 1,015,000 | 1,004,972 | |
U.S. Foods, Inc. (E) | 4.750 | 02-15-29 | 902,000 | 909,893 | |
Food products 0.3% | |||||
BRF SA (E) | 5.750 | 09-21-50 | 1,714,000 | 1,681,605 | |
Cargill, Inc. (E) | 2.125 | 04-23-30 | 555,000 | 551,195 | |
JBS Investments II GmbH (E) | 5.750 | 01-15-28 | 2,230,000 | 2,369,821 | |
Kraft Heinz Foods Company | 4.375 | 06-01-46 | 1,554,000 | 1,665,427 | |
Kraft Heinz Foods Company | 4.875 | 10-01-49 | 293,000 | 336,213 | |
Kraft Heinz Foods Company | 5.000 | 06-04-42 | 535,000 | 617,894 | |
Kraft Heinz Foods Company | 5.500 | 06-01-50 | 959,000 | 1,191,420 | |
MARB BondCo PLC (E) | 3.950 | 01-29-31 | 1,016,000 | 965,373 | |
NBM US Holdings, Inc. (E) | 6.625 | 08-06-29 | 1,623,000 | 1,797,651 | |
NBM US Holdings, Inc. (E) | 7.000 | 05-14-26 | 645,000 | 693,375 | |
Post Holdings, Inc. (E) | 5.500 | 12-15-29 | 814,000 | 876,312 | |
Simmons Foods, Inc. (E) | 4.625 | 03-01-29 | 186,000 | 187,434 | |
Household products 0.1% | |||||
Edgewell Personal Care Company (E) | 4.125 | 04-01-29 | 740,000 | 738,150 | |
Edgewell Personal Care Company (E) | 5.500 | 06-01-28 | 933,000 | 991,313 | |
Personal products 0.1% | |||||
Natura Cosmeticos SA (E) | 4.125 | 05-03-28 | 889,000 | 902,335 | |
Natura Cosmeticos SA (E) | 5.375 | 02-01-23 | 1,190,000 | 1,221,238 | |
Oriflame Investment Holding PLC (E) | 5.125 | 05-04-26 | 1,277,000 | 1,277,000 | |
Oriflame Investment Holding PLC (E) | 9.125 | 08-01-24 | 285,000 | 302,870 | |
Energy 1.9% | 72,774,468 | ||||
Energy equipment and services 0.1% | |||||
CSI Compressco LP (E) | 7.500 | 04-01-25 | 1,439,000 | 1,460,585 | |
CSI Compressco LP (E) | 7.500 | 04-01-25 | 262,000 | 265,930 | |
CSI Compressco LP (10.000% Cash or 7.250% Cash and 2.750% PIK) (E) | 10.000 | 04-01-26 | 837,021 | 744,949 | |
Inkia Energy, Ltd. (E) | 5.875 | 11-09-27 | 220,000 | 222,988 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK BALANCED FUND | 19 |
Rate (%) | Maturity date | Par value^ | Value | ||
Energy (continued) | |||||
Oil, gas and consumable fuels 1.8% | |||||
Aker BP ASA (E) | 2.875 | 01-15-26 | 980,000 | $1,018,363 | |
Aker BP ASA (E) | 3.000 | 01-15-25 | 1,070,000 | 1,112,075 | |
Aker BP ASA (E) | 4.000 | 01-15-31 | 1,918,000 | 2,031,935 | |
Altera Infrastructure LP (E) | 8.500 | 07-15-23 | 1,216,000 | 1,106,560 | |
Antero Resources Corp. | 5.000 | 03-01-25 | 1,384,000 | 1,404,760 | |
Cenovus Energy, Inc. | 3.950 | 04-15-22 | 912,000 | 931,730 | |
Cheniere Energy Partners LP (E) | 4.000 | 03-01-31 | 2,363,000 | 2,404,353 | |
Cheniere Energy Partners LP | 4.500 | 10-01-29 | 1,769,000 | 1,846,394 | |
Cimarex Energy Company | 4.375 | 06-01-24 | 930,000 | 1,013,342 | |
DCP Midstream Operating LP (5.850% to 5-21-23, then 3 month LIBOR + 3.850%) (E) | 5.850 | 05-21-43 | 1,062,000 | 961,110 | |
Diamondback Energy, Inc. | 3.125 | 03-24-31 | 1,185,000 | 1,196,867 | |
Enbridge, Inc. (5.500% to 7-15-27, then 3 month LIBOR + 3.418%) | 5.500 | 07-15-77 | 1,419,000 | 1,480,177 | |
Enbridge, Inc. (5.750% to 4-15-30, then 5 Year CMT + 5.314%) | 5.750 | 07-15-80 | 1,735,000 | 1,913,375 | |
Enbridge, Inc. (6.250% to 3-1-28, then 3 month LIBOR + 3.641%) | 6.250 | 03-01-78 | 1,380,000 | 1,496,020 | |
Energean Israel Finance, Ltd. (E) | 5.375 | 03-30-28 | 439,000 | 453,849 | |
Energean Israel Finance, Ltd. (E) | 5.875 | 03-30-31 | 772,000 | 796,082 | |
Energy Transfer LP | 3.900 | 07-15-26 | 1,830,000 | 1,984,239 | |
Energy Transfer LP | 4.200 | 04-15-27 | 789,000 | 861,519 | |
Energy Transfer LP | 5.150 | 03-15-45 | 1,751,000 | 1,853,762 | |
Energy Transfer LP | 5.250 | 04-15-29 | 3,812,000 | 4,372,160 | |
Energy Transfer LP | 5.400 | 10-01-47 | 995,000 | 1,081,446 | |
Enterprise Products Operating LLC (5.250% to 8-16-27, then 3 month LIBOR + 3.033%) | 5.250 | 08-16-77 | 2,668,000 | 2,699,393 | |
Kinder Morgan Energy Partners LP | 7.750 | 03-15-32 | 1,345,000 | 1,861,841 | |
Kinder Morgan, Inc. | 4.300 | 03-01-28 | 837,000 | 942,380 | |
Leviathan Bond, Ltd. (E) | 6.500 | 06-30-27 | 1,610,000 | 1,785,928 | |
Leviathan Bond, Ltd. (E) | 6.750 | 06-30-30 | 256,000 | 286,764 | |
Midwest Connector Capital Company LLC (E) | 3.625 | 04-01-22 | 611,000 | 619,888 | |
Midwest Connector Capital Company LLC (E) | 3.900 | 04-01-24 | 1,779,000 | 1,849,825 | |
MPLX LP | 4.000 | 03-15-28 | 1,538,000 | 1,698,132 | |
MPLX LP | 4.125 | 03-01-27 | 310,000 | 345,114 | |
MPLX LP | 4.250 | 12-01-27 | 630,000 | 707,105 | |
MPLX LP (6.875% to 2-15-23, then 3 month LIBOR + 4.652%) (F) | 6.875 | 02-15-23 | 3,500,000 | 3,543,750 | |
New Fortress Energy, Inc. (E) | 6.500 | 09-30-26 | 1,787,000 | 1,823,330 | |
Occidental Petroleum Corp. | 2.900 | 08-15-24 | 1,079,000 | 1,076,303 | |
Occidental Petroleum Corp. | 3.500 | 08-15-29 | 307,000 | 293,185 |
20 | JOHN HANCOCK BALANCED FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Energy (continued) | |||||
Oil, gas and consumable fuels (continued) | |||||
Parkland Corp. (E) | 4.500 | 10-01-29 | 798,000 | $814,479 | |
Petrobras Global Finance BV | 5.093 | 01-15-30 | 2,183,000 | 2,306,885 | |
Petrobras Global Finance BV | 6.900 | 03-19-49 | 800,000 | 900,480 | |
Sabine Pass Liquefaction LLC | 4.200 | 03-15-28 | 1,261,000 | 1,396,647 | |
Sabine Pass Liquefaction LLC | 5.000 | 03-15-27 | 890,000 | 1,023,142 | |
Sabine Pass Liquefaction LLC | 5.875 | 06-30-26 | 2,322,000 | 2,749,167 | |
Sunoco LP (E) | 4.500 | 05-15-29 | 363,000 | 366,630 | |
Targa Resources Partners LP (E) | 4.000 | 01-15-32 | 896,000 | 880,320 | |
Targa Resources Partners LP | 5.875 | 04-15-26 | 1,726,000 | 1,807,985 | |
The Williams Companies, Inc. | 3.750 | 06-15-27 | 1,650,000 | 1,814,442 | |
The Williams Companies, Inc. | 4.550 | 06-24-24 | 3,142,000 | 3,468,203 | |
The Williams Companies, Inc. | 5.750 | 06-24-44 | 367,000 | 455,873 | |
TransCanada PipeLines, Ltd. | 4.250 | 05-15-28 | 1,100,000 | 1,242,707 | |
Financials 4.9% | 191,081,838 | ||||
Banks 2.8% | |||||
Australia & New Zealand Banking Group, Ltd. (6.750% to 6-15-26, then 5 Year ICE Swap Rate + 5.168%) (E)(F) | 6.750 | 06-15-26 | 960,000 | 1,123,680 | |
Banco Davivienda SA (6.650% to 4-22-31, then 10 Year CMT + 5.097%) (E)(F) | 6.650 | 04-22-31 | 612,000 | 624,301 | |
Banco Santander SA | 4.379 | 04-12-28 | 1,380,000 | 1,553,541 | |
Bank of America Corp. (2.592% to 4-29-30, then SOFR + 2.150%) | 2.592 | 04-29-31 | 2,120,000 | 2,133,129 | |
Bank of America Corp. (2.687% to 4-22-31, then SOFR + 1.320%) | 2.687 | 04-22-32 | 2,349,000 | 2,377,125 | |
Bank of America Corp. (2.831% to 10-24-50, then SOFR + 1.880%) | 2.831 | 10-24-51 | 1,364,000 | 1,255,204 | |
Bank of America Corp. | 3.248 | 10-21-27 | 2,383,000 | 2,585,810 | |
Bank of America Corp. | 3.950 | 04-21-25 | 2,119,000 | 2,330,728 | |
Bank of America Corp. | 4.450 | 03-03-26 | 2,755,000 | 3,120,400 | |
Bank of America Corp. (6.300% to 3-10-26, then 3 month LIBOR + 4.553%) (F) | 6.300 | 03-10-26 | 2,563,000 | 2,997,908 | |
Barclays Bank PLC (E) | 10.179 | 06-12-21 | 345,000 | 348,537 | |
Barclays PLC | 4.375 | 01-12-26 | 1,220,000 | 1,367,763 | |
BPCE SA (E) | 4.500 | 03-15-25 | 1,825,000 | 2,018,374 | |
Citigroup, Inc. (2.561% to 5-1-31, then SOFR + 1.167%) | 2.561 | 05-01-32 | 1,906,000 | 1,903,925 | |
Citigroup, Inc. | 3.200 | 10-21-26 | 2,586,000 | 2,804,508 | |
Citigroup, Inc. | 4.600 | 03-09-26 | 3,326,000 | 3,801,427 | |
Citigroup, Inc. (3 month LIBOR + 4.478%) (C)(F) | 4.672 | 05-17-21 | 424,000 | 424,424 | |
Citigroup, Inc. (4.700% to 1-30-25, then SOFR + 3.234%) (F) | 4.700 | 01-30-25 | 2,228,000 | 2,269,329 | |
Citigroup, Inc. | 5.500 | 09-13-25 | 830,000 | 972,058 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK BALANCED FUND | 21 |
Rate (%) | Maturity date | Par value^ | Value | ||
Financials (continued) | |||||
Banks (continued) | |||||
Citigroup, Inc. (6.250% to 8-15-26, then 3 month LIBOR + 4.517%) (F) | 6.250 | 08-15-26 | 1,920,000 | $2,237,376 | |
Citizens Financial Group, Inc. | 3.250 | 04-30-30 | 2,133,000 | 2,276,898 | |
Credit Agricole SA (E) | 2.811 | 01-11-41 | 1,137,000 | 1,036,525 | |
Credit Agricole SA (E) | 3.250 | 01-14-30 | 2,476,000 | 2,567,585 | |
Credit Agricole SA (7.875% to 1-23-24, then 5 Year U.S. Swap Rate + 4.898%) (E)(F) | 7.875 | 01-23-24 | 1,350,000 | 1,525,500 | |
Fifth Third Bancorp (5.100% to 6-30-23, then 3 month LIBOR + 3.033%) (F) | 5.100 | 06-30-23 | 1,381,000 | 1,424,156 | |
Freedom Mortgage Corp. (E) | 8.125 | 11-15-24 | 1,212,000 | 1,254,420 | |
Freedom Mortgage Corp. (E) | 8.250 | 04-15-25 | 320,000 | 332,016 | |
HSBC Holdings PLC (6.375% to 3-30-25, then 5 Year ICE Swap Rate + 4.368%) (F) | 6.375 | 03-30-25 | 342,000 | 378,628 | |
HSBC Holdings PLC (6.875% to 6-1-21, then 5 Year ICE Swap Rate + 5.514%) (F) | 6.875 | 06-01-21 | 1,550,000 | 1,549,535 | |
ING Groep NV (6.500% to 4-16-25, then 5 Year U.S. Swap Rate + 4.446%) (F) | 6.500 | 04-16-25 | 375,000 | 416,963 | |
JPMorgan Chase & Co. (2.522% to 4-22-30, then SOFR + 2.040%) | 2.522 | 04-22-31 | 2,663,000 | 2,690,474 | |
JPMorgan Chase & Co. | 2.950 | 10-01-26 | 2,619,000 | 2,823,588 | |
JPMorgan Chase & Co. (2.956% to 5-13-30, then SOFR + 2.515%) | 2.956 | 05-13-31 | 2,124,000 | 2,181,906 | |
JPMorgan Chase & Co. (3.960% to 1-29-26, then 3 month LIBOR + 1.245%) | 3.960 | 01-29-27 | 2,293,000 | 2,548,805 | |
JPMorgan Chase & Co. (4.600% to 2-1-25, then SOFR + 3.125%) (F) | 4.600 | 02-01-25 | 2,063,000 | 2,127,469 | |
JPMorgan Chase & Co. (6.750% to 2-1-24, then 3 month LIBOR + 3.780%) (F) | 6.750 | 02-01-24 | 2,400,000 | 2,667,000 | |
Lloyds Banking Group PLC | 4.450 | 05-08-25 | 4,088,000 | 4,589,532 | |
Lloyds Banking Group PLC (7.500% to 6-27-24, then 5 Year U.S. Swap Rate + 4.760%) (F) | 7.500 | 06-27-24 | 1,455,000 | 1,643,961 | |
M&T Bank Corp. (5.125% to 11-1-26, then 3 month LIBOR + 3.520%) (F) | 5.125 | 11-01-26 | 755,000 | 825,781 | |
NatWest Group PLC (3.754% to 11-1-24, then 5 Year CMT + 2.100%) | 3.754 | 11-01-29 | 918,000 | 977,009 | |
NatWest Group PLC (6.000% to 12-29-25, then 5 Year CMT + 5.625%) (F) | 6.000 | 12-29-25 | 1,920,000 | 2,123,904 | |
NatWest Group PLC (8.625% to 8-15-21, then 5 Year U.S. Swap Rate + 7.598%) (F) | 8.625 | 08-15-21 | 2,611,000 | 2,662,437 | |
PNC Bank NA | 4.050 | 07-26-28 | 543,000 | 616,718 | |
Santander Holdings USA, Inc. | 3.244 | 10-05-26 | 3,234,000 | 3,449,727 | |
Santander Holdings USA, Inc. | 3.450 | 06-02-25 | 2,815,000 | 3,018,411 |
22 | JOHN HANCOCK BALANCED FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Financials (continued) | |||||
Banks (continued) | |||||
Santander Holdings USA, Inc. | 3.500 | 06-07-24 | 2,082,000 | $2,228,816 | |
Santander Holdings USA, Inc. | 4.400 | 07-13-27 | 870,000 | 968,835 | |
Societe Generale SA (5.375% to 11-18-30, then 5 Year CMT + 4.514%) (E)(F) | 5.375 | 11-18-30 | 1,348,000 | 1,401,920 | |
Societe Generale SA (7.375% to 9-13-21, then 5 Year U.S. Swap Rate + 6.238%) (E)(F) | 7.375 | 09-13-21 | 1,250,000 | 1,272,325 | |
The PNC Financial Services Group, Inc. | 3.150 | 05-19-27 | 97,000 | 105,979 | |
The PNC Financial Services Group, Inc. (4.850% to 6-1-23, then 3 month LIBOR + 3.040%) (F) | 4.850 | 06-01-23 | 1,124,000 | 1,178,795 | |
The PNC Financial Services Group, Inc. (6.750% to 8-1-21, then 3 month LIBOR + 3.678%) (F) | 6.750 | 08-01-21 | 1,861,000 | 1,879,610 | |
Wells Fargo & Company (2.188% to 4-30-25, then SOFR + 2.000%) | 2.188 | 04-30-26 | 1,317,000 | 1,364,554 | |
Wells Fargo & Company (2.393% to 6-2-27, then SOFR + 2.100%) | 2.393 | 06-02-28 | 3,704,000 | 3,813,532 | |
Wells Fargo & Company (2.879% to 10-30-29, then SOFR + 1.432%) | 2.879 | 10-30-30 | 1,895,000 | 1,966,682 | |
Wells Fargo & Company (3.068% to 4-30-40, then SOFR + 2.530%) | 3.068 | 04-30-41 | 1,741,000 | 1,719,109 | |
Wells Fargo & Company (5.875% to 6-15-25, then 3 month LIBOR + 3.990%) (F) | 5.875 | 06-15-25 | 4,138,000 | 4,608,698 | |
Capital markets 0.9% | |||||
Ares Capital Corp. | 2.150 | 07-15-26 | 2,248,000 | 2,217,914 | |
Ares Capital Corp. | 3.875 | 01-15-26 | 2,027,000 | 2,163,168 | |
Ares Capital Corp. | 4.200 | 06-10-24 | 1,073,000 | 1,157,442 | |
Cantor Fitzgerald LP (E) | 4.875 | 05-01-24 | 1,944,000 | 2,141,986 | |
Credit Suisse Group AG (E) | 3.574 | 01-09-23 | 337,000 | 343,301 | |
Credit Suisse Group AG (5.250% to 2-11-27, then 5 Year CMT + 4.889%) (E)(F) | 5.250 | 02-11-27 | 867,000 | 900,596 | |
Credit Suisse Group AG (7.500% to 7-17-23, then 5 Year U.S. Swap Rate + 4.600%) (E)(F) | 7.500 | 07-17-23 | 1,405,000 | 1,503,069 | |
Credit Suisse Group AG (7.500% to 12-11-23, then 5 Year U.S. Swap Rate + 4.598%) (E)(F) | 7.500 | 12-11-23 | 620,000 | 682,000 | |
Lazard Group LLC | 4.375 | 03-11-29 | 1,115,000 | 1,251,245 | |
Macquarie Bank, Ltd. (E) | 3.624 | 06-03-30 | 1,265,000 | 1,305,783 | |
Macquarie Bank, Ltd. (E) | 4.875 | 06-10-25 | 1,395,000 | 1,556,128 | |
Morgan Stanley (2.188% to 4-28-25, then SOFR + 1.990%) | 2.188 | 04-28-26 | 4,460,000 | 4,637,494 | |
Morgan Stanley | 3.875 | 01-27-26 | 1,493,000 | 1,664,335 | |
MSCI, Inc. (E) | 3.625 | 11-01-31 | 1,605,000 | 1,605,000 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK BALANCED FUND | 23 |
Rate (%) | Maturity date | Par value^ | Value | ||
Financials (continued) | |||||
Capital markets (continued) | |||||
Raymond James Financial, Inc. | 4.650 | 04-01-30 | 740,000 | $875,330 | |
The Goldman Sachs Group, Inc. (2.615% to 4-22-31, then SOFR + 1.281%) | 2.615 | 04-22-32 | 4,953,000 | 4,977,168 | |
The Goldman Sachs Group, Inc. | 3.850 | 01-26-27 | 3,636,000 | 4,024,768 | |
UBS Group AG (7.000% to 1-31-24, then 5 Year U.S. Swap Rate + 4.344%) (E)(F) | 7.000 | 01-31-24 | 1,198,000 | 1,321,538 | |
Consumer finance 0.2% | |||||
Ally Financial, Inc. | 5.125 | 09-30-24 | 2,459,000 | 2,788,520 | |
Ally Financial, Inc. | 5.800 | 05-01-25 | 970,000 | 1,132,539 | |
Credito Real SAB de CV (9.125% to 11-29-22, then 5 Year CMT + 7.026%) (E)(F) | 9.125 | 11-29-22 | 510,000 | 402,071 | |
Discover Financial Services | 4.100 | 02-09-27 | 426,000 | 475,801 | |
Enova International, Inc. (E) | 8.500 | 09-01-24 | 142,000 | 145,905 | |
Enova International, Inc. (E) | 8.500 | 09-15-25 | 845,000 | 878,800 | |
OneMain Finance Corp. | 6.875 | 03-15-25 | 335,000 | 380,644 | |
OneMain Finance Corp. | 8.875 | 06-01-25 | 375,000 | 414,844 | |
Unifin Financiera SAB de CV (E) | 9.875 | 01-28-29 | 1,659,000 | 1,636,554 | |
Diversified financial services 0.4% | |||||
Brightstar Escrow Corp. (E) | 9.750 | 10-15-25 | 522,000 | 568,980 | |
GE Capital International Funding Company | 4.418 | 11-15-35 | 3,748,000 | 4,312,052 | |
Gogo Intermediate Holdings LLC (E) | 9.875 | 05-01-24 | 858,000 | 900,368 | |
Jefferies Financial Group, Inc. | 5.500 | 10-18-23 | 888,000 | 960,924 | |
Jefferies Group LLC | 4.150 | 01-23-30 | 1,680,000 | 1,859,110 | |
Jefferies Group LLC | 4.850 | 01-15-27 | 2,010,000 | 2,323,978 | |
Operadora de Servicios Mega SA de CV (E) | 8.250 | 02-11-25 | 1,290,000 | 1,265,064 | |
Trident TPI Holdings, Inc. (E) | 6.625 | 11-01-25 | 280,000 | 285,043 | |
Voya Financial, Inc. (5.650% to 5-15-23, then 3 month LIBOR + 3.580%) | 5.650 | 05-15-53 | 2,284,000 | 2,449,590 | |
Insurance 0.6% | |||||
Athene Holding, Ltd. | 3.500 | 01-15-31 | 865,000 | 908,208 | |
AXA SA | 8.600 | 12-15-30 | 660,000 | 1,001,088 | |
Brighthouse Financial, Inc. | 3.700 | 06-22-27 | 1,462,000 | 1,581,587 | |
CNA Financial Corp. | 2.050 | 08-15-30 | 627,000 | 600,532 | |
CNO Financial Group, Inc. | 5.250 | 05-30-25 | 882,000 | 1,003,180 | |
CNO Financial Group, Inc. | 5.250 | 05-30-29 | 1,878,000 | 2,198,504 | |
Liberty Mutual Group, Inc. (7.800% to 3-15-37, then 3 month LIBOR + 3.576%) (E) | 7.800 | 03-15-37 | 36,000 | 46,656 | |
MetLife, Inc. (6.400% to 12-15-36, then 3 month LIBOR + 2.205%) | 6.400 | 12-15-36 | 1,955,000 | 2,477,110 | |
MetLife, Inc. (9.250% to 4-8-38, then 3 month LIBOR + 5.540%) (E) | 9.250 | 04-08-38 | 320,000 | 483,337 | |
New York Life Insurance Company (E) | 3.750 | 05-15-50 | 1,126,000 | 1,209,339 |
24 | JOHN HANCOCK BALANCED FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Financials (continued) | |||||
Insurance (continued) | |||||
Nippon Life Insurance Company (2.750% to 1-21-31, then 5 Year CMT + 2.653%) (E) | 2.750 | 01-21-51 | 2,711,000 | $2,616,115 | |
Nippon Life Insurance Company (5.100% to 10-16-24, then 5 Year ICE Swap Rate + 3.650%) (E) | 5.100 | 10-16-44 | 1,245,000 | 1,388,175 | |
Prudential Financial, Inc. (5.875% to 9-15-22, then 3 month LIBOR + 4.175%) | 5.875 | 09-15-42 | 3,687,000 | 3,906,293 | |
SBL Holdings, Inc. (E) | 5.000 | 02-18-31 | 1,703,000 | 1,804,350 | |
Teachers Insurance & Annuity Association of America (E) | 4.270 | 05-15-47 | 1,632,000 | 1,877,160 | |
Thrifts and mortgage finance 0.0% | |||||
Nationstar Mortgage Holdings, Inc. (E) | 5.125 | 12-15-30 | 684,000 | 676,927 | |
Nationstar Mortgage Holdings, Inc. (E) | 5.500 | 08-15-28 | 582,000 | 587,820 | |
Nationstar Mortgage Holdings, Inc. (E) | 6.000 | 01-15-27 | 254,000 | 265,430 | |
Radian Group, Inc. | 4.500 | 10-01-24 | 450,000 | 473,625 | |
Health care 1.5% | 57,730,208 | ||||
Biotechnology 0.3% | |||||
AbbVie, Inc. | 3.200 | 11-21-29 | 7,297,000 | 7,800,231 | |
Shire Acquisitions Investments Ireland DAC | 3.200 | 09-23-26 | 2,385,000 | 2,590,744 | |
Health care equipment and supplies 0.0% | |||||
Varex Imaging Corp. (E) | 7.875 | 10-15-27 | 630,000 | 703,143 | |
Health care providers and services 0.9% | |||||
AmerisourceBergen Corp. | 2.800 | 05-15-30 | 1,794,000 | 1,846,113 | |
Anthem, Inc. | 2.250 | 05-15-30 | 560,000 | 551,281 | |
Centene Corp. | 2.500 | 03-01-31 | 1,645,000 | 1,572,768 | |
Centene Corp. | 3.000 | 10-15-30 | 1,383,000 | 1,372,628 | |
Centene Corp. | 3.375 | 02-15-30 | 397,000 | 398,489 | |
Centene Corp. | 4.250 | 12-15-27 | 289,000 | 302,904 | |
Centene Corp. | 4.625 | 12-15-29 | 618,000 | 668,985 | |
Centene Corp. (E) | 5.375 | 06-01-26 | 1,244,000 | 1,295,999 | |
CVS Health Corp. | 2.700 | 08-21-40 | 1,301,000 | 1,200,136 | |
CVS Health Corp. | 3.750 | 04-01-30 | 1,606,000 | 1,766,572 | |
CVS Health Corp. | 4.300 | 03-25-28 | 2,136,000 | 2,430,297 | |
CVS Health Corp. | 5.050 | 03-25-48 | 2,256,000 | 2,774,186 | |
DaVita, Inc. (E) | 3.750 | 02-15-31 | 1,878,000 | 1,784,100 | |
DaVita, Inc. (E) | 4.625 | 06-01-30 | 1,443,000 | 1,461,038 | |
Encompass Health Corp. | 4.500 | 02-01-28 | 462,000 | 478,748 | |
Encompass Health Corp. | 4.625 | 04-01-31 | 535,000 | 567,100 | |
Fresenius Medical Care US Finance III, Inc. (E) | 2.375 | 02-16-31 | 2,555,000 | 2,461,633 | |
HCA, Inc. | 4.125 | 06-15-29 | 1,011,000 | 1,123,694 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK BALANCED FUND | 25 |
Rate (%) | Maturity date | Par value^ | Value | ||
Health care (continued) | |||||
Health care providers and services (continued) | |||||
HCA, Inc. | 5.250 | 04-15-25 | 1,508,000 | $1,733,436 | |
HCA, Inc. | 5.250 | 06-15-26 | 1,130,000 | 1,311,483 | |
MEDNAX, Inc. (E) | 6.250 | 01-15-27 | 1,409,000 | 1,493,540 | |
Rede D'or Finance Sarl (E) | 4.500 | 01-22-30 | 2,102,000 | 2,064,690 | |
Select Medical Corp. (E) | 6.250 | 08-15-26 | 1,130,000 | 1,201,456 | |
Team Health Holdings, Inc. (E) | 6.375 | 02-01-25 | 150,000 | 132,375 | |
Universal Health Services, Inc. (E) | 2.650 | 10-15-30 | 1,611,000 | 1,566,665 | |
Universal Health Services, Inc. (E) | 5.000 | 06-01-26 | 1,962,000 | 2,003,212 | |
Life sciences tools and services 0.0% | |||||
Charles River Laboratories International, Inc. (E) | 4.250 | 05-01-28 | 169,000 | 175,984 | |
Pharmaceuticals 0.3% | |||||
Bausch Health Companies, Inc. (E) | 5.250 | 01-30-30 | 495,000 | 497,475 | |
Bausch Health Companies, Inc. (E) | 6.125 | 04-15-25 | 1,385,000 | 1,414,127 | |
Bausch Health Companies, Inc. (E) | 6.250 | 02-15-29 | 1,415,000 | 1,496,363 | |
Catalent Pharma Solutions, Inc. (E) | 3.125 | 02-15-29 | 282,000 | 272,835 | |
Catalent Pharma Solutions, Inc. (E) | 5.000 | 07-15-27 | 155,000 | 162,169 | |
Jazz Securities DAC (E) | 4.375 | 01-15-29 | 509,000 | 520,453 | |
Organon Finance 1 LLC (E) | 5.125 | 04-30-31 | 1,470,000 | 1,525,272 | |
Royalty Pharma PLC (E) | 1.750 | 09-02-27 | 635,000 | 625,612 | |
Viatris, Inc. (E) | 2.300 | 06-22-27 | 743,000 | 752,736 | |
Viatris, Inc. (E) | 2.700 | 06-22-30 | 1,560,000 | 1,541,339 | |
Viatris, Inc. (E) | 4.000 | 06-22-50 | 2,101,000 | 2,088,197 | |
Industrials 2.6% | 98,961,534 | ||||
Aerospace and defense 0.4% | |||||
BAE Systems PLC (E) | 1.900 | 02-15-31 | 1,955,000 | 1,848,078 | |
DAE Funding LLC (E) | 2.625 | 03-20-25 | 1,109,000 | 1,119,646 | |
Howmet Aerospace, Inc. | 5.125 | 10-01-24 | 1,176,000 | 1,289,190 | |
Huntington Ingalls Industries, Inc. | 3.844 | 05-01-25 | 240,000 | 261,731 | |
Huntington Ingalls Industries, Inc. | 4.200 | 05-01-30 | 1,692,000 | 1,902,435 | |
Kratos Defense & Security Solutions, Inc. (E) | 6.500 | 11-30-25 | 655,000 | 687,750 | |
The Boeing Company | 3.200 | 03-01-29 | 2,894,000 | 2,974,051 | |
The Boeing Company | 5.040 | 05-01-27 | 2,531,000 | 2,908,041 | |
The Boeing Company | 5.805 | 05-01-50 | 1,152,000 | 1,479,003 | |
TransDigm, Inc. | 5.500 | 11-15-27 | 2,253,000 | 2,344,472 | |
Air freight and logistics 0.0% | |||||
Simpar Europe SA (E) | 5.200 | 01-26-31 | 480,000 | 484,205 | |
Watco Companies LLC (E) | 6.500 | 06-15-27 | 217,000 | 231,105 | |
XPO Logistics, Inc. (E) | 6.250 | 05-01-25 | 106,000 | 113,547 | |
Airlines 0.9% | |||||
Air Canada 2013-1 Class A Pass Through Trust (E) | 4.125 | 05-15-25 | 446,314 | 440,735 |
26 | JOHN HANCOCK BALANCED FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Industrials (continued) | |||||
Airlines (continued) | |||||
Air Canada 2017-1 Class B Pass Through Trust (E) | 3.700 | 01-15-26 | 615,562 | $590,940 | |
Alaska Airlines 2020-1 Class B Pass Through Trust (E) | 8.000 | 08-15-25 | 416,780 | 464,710 | |
American Airlines 2001-1 Pass Through Trust | 6.977 | 05-23-21 | 51,364 | 51,274 | |
American Airlines 2015-1 Class A Pass Through Trust | 3.375 | 05-01-27 | 3,532,929 | 3,459,798 | |
American Airlines 2015-1 Class B Pass Through Trust | 3.700 | 05-01-23 | 375,847 | 361,753 | |
American Airlines 2016-1 Class A Pass Through Trust | 4.100 | 01-15-28 | 1,377,182 | 1,342,752 | |
American Airlines 2017-1 Class A Pass Through Trust | 4.000 | 02-15-29 | 515,200 | 494,592 | |
American Airlines 2017-1 Class AA Pass Through Trust | 3.650 | 02-15-29 | 1,122,975 | 1,142,627 | |
American Airlines 2017-2 Class A Pass Through Trust | 3.600 | 10-15-29 | 933,960 | 875,588 | |
American Airlines 2019-1 Class A Pass Through Trust | 3.500 | 02-15-32 | 1,770,650 | 1,664,411 | |
American Airlines 2019-1 Class AA Pass Through Trust | 3.150 | 02-15-32 | 941,131 | 938,778 | |
British Airways 2013-1 Class A Pass Through Trust (E) | 4.625 | 06-20-24 | 505,266 | 522,786 | |
British Airways 2018-1 Class A Pass Through Trust (E) | 4.125 | 09-20-31 | 306,932 | 307,570 | |
British Airways 2020-1 Class A Pass Through Trust (E) | 4.250 | 11-15-32 | 527,892 | 559,878 | |
British Airways 2020-1 Class B Pass Through Trust (E) | 8.375 | 11-15-28 | 432,547 | 495,679 | |
Continental Airlines 2007-1 Class A Pass Through Trust | 5.983 | 04-19-22 | 200,975 | 205,618 | |
Delta Air Lines 2002-1 Class G-1 Pass Through Trust | 6.718 | 01-02-23 | 125,256 | 126,195 | |
Delta Air Lines, Inc. | 2.900 | 10-28-24 | 2,694,000 | 2,717,805 | |
Delta Air Lines, Inc. | 3.800 | 04-19-23 | 1,272,000 | 1,308,633 | |
Delta Air Lines, Inc. | 4.375 | 04-19-28 | 1,550,000 | 1,645,652 | |
Delta Air Lines, Inc. (E) | 4.500 | 10-20-25 | 370,000 | 396,881 | |
JetBlue 2019-1 Class AA Pass Through Trust | 2.750 | 05-15-32 | 1,357,461 | 1,368,060 | |
United Airlines 2014-2 Class A Pass Through Trust | 3.750 | 09-03-26 | 1,463,753 | 1,529,622 | |
United Airlines 2014-2 Class B Pass Through Trust | 4.625 | 09-03-22 | 368,889 | 375,345 | |
United Airlines 2016-1 Class A Pass Through Trust | 3.450 | 07-07-28 | 2,185,878 | 2,180,413 | |
United Airlines 2016-1 Class B Pass Through Trust | 3.650 | 01-07-26 | 1,700,111 | 1,661,859 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK BALANCED FUND | 27 |
Rate (%) | Maturity date | Par value^ | Value | ||
Industrials (continued) | |||||
Airlines (continued) | |||||
United Airlines 2018-1 Class B Pass Through Trust | 4.600 | 03-01-26 | 252,910 | $256,704 | |
United Airlines 2019-1 Class A Pass Through Trust | 4.550 | 08-25-31 | 843,320 | 895,342 | |
United Airlines 2020-1 Class A Pass Through Trust | 5.875 | 10-15-27 | 3,509,685 | 3,865,146 | |
United Airlines 2020-1 Class B Pass Through Trust | 4.875 | 01-15-26 | 885,096 | 920,500 | |
United Airlines, Inc. (E) | 4.375 | 04-15-26 | 140,000 | 145,281 | |
United Airlines, Inc. (E) | 4.625 | 04-15-29 | 288,000 | 299,290 | |
US Airways 2010-1 Class A Pass Through Trust | 6.250 | 04-22-23 | 134,675 | 137,032 | |
US Airways 2011-1 Class A Pass Through Trust | 7.125 | 10-22-23 | 207,380 | 219,893 | |
US Airways 2012-1 Class A Pass Through Trust | 5.900 | 10-01-24 | 306,527 | 318,788 | |
Building products 0.0% | |||||
Builders FirstSource, Inc. (E) | 5.000 | 03-01-30 | 120,000 | 127,350 | |
Builders FirstSource, Inc. (E) | 6.750 | 06-01-27 | 159,000 | 170,989 | |
Owens Corning | 3.950 | 08-15-29 | 1,435,000 | 1,594,020 | |
Commercial services and supplies 0.2% | |||||
APX Group, Inc. | 7.625 | 09-01-23 | 1,406,000 | 1,442,908 | |
Cimpress PLC (E) | 7.000 | 06-15-26 | 1,425,000 | 1,499,813 | |
Clean Harbors, Inc. (E) | 4.875 | 07-15-27 | 120,000 | 124,950 | |
GFL Environmental, Inc. (E) | 3.500 | 09-01-28 | 1,411,000 | 1,358,440 | |
Graphic Packaging International LLC (E) | 3.500 | 03-01-29 | 994,000 | 984,557 | |
LSC Communications, Inc. (E)(G) | 8.750 | 10-15-23 | 1,058,000 | 31,740 | |
Prime Security Services Borrower LLC (E) | 3.375 | 08-31-27 | 192,000 | 185,520 | |
Prime Security Services Borrower LLC (E) | 6.250 | 01-15-28 | 792,000 | 827,640 | |
Stericycle, Inc. (E) | 3.875 | 01-15-29 | 295,000 | 294,263 | |
Williams Scotsman International, Inc. (E) | 4.625 | 08-15-28 | 219,000 | 223,417 | |
Construction and engineering 0.1% | |||||
AECOM | 5.125 | 03-15-27 | 1,655,000 | 1,841,188 | |
MasTec, Inc. (E) | 4.500 | 08-15-28 | 577,000 | 601,523 | |
Picasso Finance Sub, Inc. (E) | 6.125 | 06-15-25 | 96,000 | 102,120 | |
Tutor Perini Corp. (E) | 6.875 | 05-01-25 | 550,000 | 567,875 | |
Industrial conglomerates 0.1% | |||||
General Electric Company | 4.250 | 05-01-40 | 2,014,000 | 2,250,694 | |
General Electric Company | 5.550 | 01-05-26 | 2,351,000 | 2,793,625 | |
Machinery 0.1% | |||||
ATS Automation Tooling Systems, Inc. (E) | 4.125 | 12-15-28 | 221,000 | 222,658 | |
Clark Equipment Company (E) | 5.875 | 06-01-25 | 125,000 | 132,656 | |
Flowserve Corp. | 3.500 | 10-01-30 | 844,000 | 874,147 | |
Hillenbrand, Inc. | 5.750 | 06-15-25 | 282,000 | 302,093 |
28 | JOHN HANCOCK BALANCED FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Industrials (continued) | |||||
Machinery (continued) | |||||
JB Poindexter & Company, Inc. (E) | 7.125 | 04-15-26 | 419,000 | $442,569 | |
Vertical U.S. Newco, Inc. (E) | 5.250 | 07-15-27 | 366,000 | 383,158 | |
Professional services 0.2% | |||||
CoStar Group, Inc. (E) | 2.800 | 07-15-30 | 2,009,000 | 1,987,634 | |
IHS Markit, Ltd. (E) | 4.000 | 03-01-26 | 1,169,000 | 1,293,510 | |
IHS Markit, Ltd. (E) | 4.750 | 02-15-25 | 745,000 | 836,561 | |
IHS Markit, Ltd. | 4.750 | 08-01-28 | 938,000 | 1,085,327 | |
TriNet Group, Inc. (E) | 3.500 | 03-01-29 | 881,000 | 860,076 | |
Road and rail 0.1% | |||||
Uber Technologies, Inc. (E) | 7.500 | 05-15-25 | 1,178,000 | 1,273,713 | |
Uber Technologies, Inc. (E) | 7.500 | 09-15-27 | 1,798,000 | 1,982,780 | |
Trading companies and distributors 0.4% | |||||
AerCap Ireland Capital DAC | 1.750 | 01-30-26 | 1,914,000 | 1,876,632 | |
AerCap Ireland Capital DAC | 2.875 | 08-14-24 | 2,008,000 | 2,099,563 | |
AerCap Ireland Capital DAC | 3.650 | 07-21-27 | 576,000 | 612,032 | |
Ahern Rentals, Inc. (E) | 7.375 | 05-15-23 | 839,000 | 753,003 | |
Air Lease Corp. | 2.875 | 01-15-26 | 923,000 | 961,283 | |
Air Lease Corp. | 3.625 | 12-01-27 | 570,000 | 605,024 | |
Aircastle, Ltd. | 5.500 | 02-15-22 | 955,000 | 988,119 | |
Alta Equipment Group, Inc. (E) | 5.625 | 04-15-26 | 270,000 | 274,136 | |
Ashtead Capital, Inc. (E) | 4.250 | 11-01-29 | 747,000 | 799,290 | |
Ashtead Capital, Inc. (E) | 4.375 | 08-15-27 | 1,075,000 | 1,126,063 | |
Beacon Roofing Supply, Inc. (E) | 4.125 | 05-15-29 | 906,000 | 903,735 | |
Boise Cascade Company (E) | 4.875 | 07-01-30 | 153,000 | 162,180 | |
H&E Equipment Services, Inc. (E) | 3.875 | 12-15-28 | 1,266,000 | 1,235,933 | |
United Rentals North America, Inc. | 3.875 | 11-15-27 | 785,000 | 822,288 | |
United Rentals North America, Inc. | 3.875 | 02-15-31 | 496,000 | 499,164 | |
United Rentals North America, Inc. | 4.875 | 01-15-28 | 1,570,000 | 1,662,238 | |
Transportation infrastructure 0.1% | |||||
Adani Ports & Special Economic Zone, Ltd. (E) | 3.100 | 02-02-31 | 1,324,000 | 1,242,530 | |
Imola Merger Corp. (E) | 4.750 | 05-15-29 | 1,644,000 | 1,707,623 | |
Information technology 1.9% | 72,993,618 | ||||
Communications equipment 0.2% | |||||
Motorola Solutions, Inc. | 2.300 | 11-15-30 | 1,824,000 | 1,762,728 | |
Motorola Solutions, Inc. | 4.600 | 02-23-28 | 2,540,000 | 2,919,588 | |
Motorola Solutions, Inc. | 4.600 | 05-23-29 | 343,000 | 394,173 | |
Telefonaktiebolaget LM Ericsson | 4.125 | 05-15-22 | 1,834,000 | 1,896,246 | |
IT services 0.1% | |||||
Gartner, Inc. (E) | 3.750 | 10-01-30 | 257,000 | 257,643 | |
Gartner, Inc. (E) | 4.500 | 07-01-28 | 238,000 | 250,202 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK BALANCED FUND | 29 |
Rate (%) | Maturity date | Par value^ | Value | ||
Information technology (continued) | |||||
IT services (continued) | |||||
PayPal Holdings, Inc. | 2.850 | 10-01-29 | 2,468,000 | $2,607,853 | |
Sabre GLBL, Inc. (E) | 7.375 | 09-01-25 | 918,000 | 999,473 | |
Tempo Acquisition LLC (E) | 6.750 | 06-01-25 | 261,000 | 265,818 | |
VeriSign, Inc. | 5.250 | 04-01-25 | 565,000 | 638,450 | |
Visa, Inc. | 2.700 | 04-15-40 | 735,000 | 729,662 | |
Semiconductors and semiconductor equipment 1.0% | |||||
Broadcom, Inc. (E) | 3.419 | 04-15-33 | 3,155,000 | 3,197,789 | |
Broadcom, Inc. | 4.750 | 04-15-29 | 6,626,000 | 7,538,629 | |
Broadcom, Inc. | 5.000 | 04-15-30 | 2,474,000 | 2,845,465 | |
KLA Corp. | 4.100 | 03-15-29 | 1,320,000 | 1,497,531 | |
Lam Research Corp. | 4.875 | 03-15-49 | 1,283,000 | 1,674,940 | |
Marvell Technology Group, Ltd. | 4.875 | 06-22-28 | 2,472,000 | 2,825,717 | |
Marvell Technology, Inc. (E) | 2.450 | 04-15-28 | 2,175,000 | 2,188,364 | |
Microchip Technology, Inc. (E) | 4.250 | 09-01-25 | 301,000 | 316,103 | |
Micron Technology, Inc. | 4.185 | 02-15-27 | 4,142,000 | 4,655,676 | |
Micron Technology, Inc. | 4.975 | 02-06-26 | 612,000 | 706,692 | |
Micron Technology, Inc. | 5.327 | 02-06-29 | 3,867,000 | 4,614,192 | |
NVIDIA Corp. | 2.850 | 04-01-30 | 1,853,000 | 1,965,380 | |
NXP BV (E) | 3.400 | 05-01-30 | 637,000 | 681,195 | |
NXP BV (E) | 3.875 | 06-18-26 | 2,512,000 | 2,779,457 | |
Qorvo, Inc. (E) | 3.375 | 04-01-31 | 724,000 | 733,651 | |
Software 0.2% | |||||
Autodesk, Inc. | 2.850 | 01-15-30 | 523,000 | 545,765 | |
Crowdstrike Holdings, Inc. | 3.000 | 02-15-29 | 231,000 | 228,933 | |
Infor, Inc. (E) | 1.750 | 07-15-25 | 413,000 | 420,370 | |
j2 Global, Inc. (E) | 4.625 | 10-15-30 | 828,000 | 847,599 | |
Microsoft Corp. | 2.525 | 06-01-50 | 1,185,000 | 1,103,545 | |
Oracle Corp. | 2.950 | 04-01-30 | 3,560,000 | 3,685,425 | |
PTC, Inc. (E) | 4.000 | 02-15-28 | 196,000 | 201,188 | |
Technology hardware, storage and peripherals 0.4% | |||||
Atento Luxco 1 SA (E) | 8.000 | 02-10-26 | 573,000 | 622,017 | |
CDW LLC | 3.250 | 02-15-29 | 460,000 | 455,975 | |
Dell International LLC (E) | 4.900 | 10-01-26 | 2,645,000 | 3,038,468 | |
Dell International LLC (E) | 5.300 | 10-01-29 | 2,355,000 | 2,788,579 | |
Dell International LLC (E) | 5.850 | 07-15-25 | 1,093,000 | 1,281,560 | |
Dell International LLC (E) | 8.350 | 07-15-46 | 1,426,000 | 2,234,805 | |
Seagate HDD Cayman (E) | 4.091 | 06-01-29 | 1,670,000 | 1,710,564 | |
Seagate HDD Cayman (E) | 4.125 | 01-15-31 | 1,542,000 | 1,560,103 | |
Xerox Holdings Corp. (E) | 5.500 | 08-15-28 | 1,269,000 | 1,326,105 | |
Materials 1.1% | 42,662,133 | ||||
Chemicals 0.4% | |||||
Braskem Netherlands Finance BV (E) | 4.500 | 01-31-30 | 1,176,000 | 1,195,051 |
30 | JOHN HANCOCK BALANCED FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Materials (continued) | |||||
Chemicals (continued) | |||||
Braskem Netherlands Finance BV (8.500% to 10-24-25, then 5 Year CMT + 8.220%) (E) | 8.500 | 01-23-81 | 1,381,000 | $1,595,055 | |
Cydsa SAB de CV (E) | 6.250 | 10-04-27 | 1,415,000 | 1,478,689 | |
FS Luxembourg Sarl (E) | 10.000 | 12-15-25 | 1,340,000 | 1,462,744 | |
INEOS Quattro Finance 2 PLC (E) | 3.375 | 01-15-26 | 320,000 | 319,600 | |
Methanex Corp. | 4.250 | 12-01-24 | 1,190,000 | 1,252,475 | |
Nutrition & Biosciences, Inc. (E) | 1.832 | 10-15-27 | 536,000 | 529,533 | |
Nutrition & Biosciences, Inc. (E) | 2.300 | 11-01-30 | 1,068,000 | 1,040,223 | |
Orbia Advance Corp. SAB de CV (E) | 5.500 | 01-15-48 | 1,569,000 | 1,782,776 | |
Sasol Financing USA LLC | 5.500 | 03-18-31 | 1,846,000 | 1,875,628 | |
Trinseo Materials Operating SCA (E) | 5.125 | 04-01-29 | 928,000 | 941,920 | |
Tronox, Inc. (E) | 4.625 | 03-15-29 | 1,066,000 | 1,088,653 | |
Valvoline, Inc. (E) | 3.625 | 06-15-31 | 1,188,000 | 1,161,270 | |
WR Grace & Company (E) | 4.875 | 06-15-27 | 404,000 | 421,170 | |
Construction materials 0.2% | |||||
Cemex SAB de CV (E) | 3.875 | 07-11-31 | 1,211,000 | 1,198,527 | |
Cemex SAB de CV (E) | 5.200 | 09-17-30 | 1,176,000 | 1,279,723 | |
Cemex SAB de CV (E) | 7.375 | 06-05-27 | 1,250,000 | 1,417,500 | |
Standard Industries, Inc. (E) | 3.375 | 01-15-31 | 438,000 | 410,548 | |
Standard Industries, Inc. (E) | 5.000 | 02-15-27 | 196,000 | 202,125 | |
US Concrete, Inc. (E) | 5.125 | 03-01-29 | 452,000 | 466,690 | |
Vulcan Materials Company | 3.500 | 06-01-30 | 1,228,000 | 1,336,464 | |
Containers and packaging 0.1% | |||||
Ardagh Packaging Finance PLC (E) | 6.000 | 02-15-25 | 850,000 | 877,005 | |
Graham Packaging Company, Inc. (E) | 7.125 | 08-15-28 | 74,000 | 79,365 | |
Mauser Packaging Solutions Holding Company (E) | 8.500 | 04-15-24 | 139,000 | 143,865 | |
Owens-Brockway Glass Container, Inc. (E) | 6.625 | 05-13-27 | 702,000 | 758,160 | |
Reynolds Group Issuer, Inc. (E) | 4.000 | 10-15-27 | 1,321,000 | 1,306,139 | |
Metals and mining 0.3% | |||||
Anglo American Capital PLC (E) | 4.750 | 04-10-27 | 1,100,000 | 1,265,728 | |
Arconic Corp. (E) | 6.000 | 05-15-25 | 304,000 | 324,520 | |
Arconic Corp. (E) | 6.125 | 02-15-28 | 747,000 | 793,688 | |
Commercial Metals Company | 5.375 | 07-15-27 | 231,000 | 244,860 | |
CSN Islands XI Corp. (E) | 6.750 | 01-28-28 | 1,940,000 | 2,108,392 | |
First Quantum Minerals, Ltd. (E) | 6.500 | 03-01-24 | 500,000 | 512,500 | |
First Quantum Minerals, Ltd. (E) | 6.875 | 03-01-26 | 450,000 | 472,500 | |
First Quantum Minerals, Ltd. (E) | 6.875 | 10-15-27 | 819,000 | 898,853 | |
First Quantum Minerals, Ltd. (E) | 7.250 | 04-01-23 | 290,000 | 295,438 | |
First Quantum Minerals, Ltd. (E) | 7.500 | 04-01-25 | 583,000 | 605,227 | |
FMG Resources August 2006 Pty, Ltd. (E) | 4.375 | 04-01-31 | 1,283,000 | 1,332,716 | |
Freeport-McMoRan, Inc. | 4.625 | 08-01-30 | 1,229,000 | 1,356,509 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK BALANCED FUND | 31 |
Rate (%) | Maturity date | Par value^ | Value | ||
Materials (continued) | |||||
Metals and mining (continued) | |||||
Freeport-McMoRan, Inc. | 5.450 | 03-15-43 | 1,122,000 | $1,369,906 | |
Hudbay Minerals, Inc. (E) | 4.500 | 04-01-26 | 288,000 | 292,320 | |
JW Aluminum Continuous Cast Company (E) | 10.250 | 06-01-26 | 461,000 | 486,355 | |
Newmont Corp. | 2.800 | 10-01-29 | 915,000 | 945,067 | |
Volcan Cia Minera SAA (E) | 4.375 | 02-11-26 | 303,000 | 298,888 | |
Paper and forest products 0.1% | |||||
Georgia-Pacific LLC (E) | 2.300 | 04-30-30 | 2,545,000 | 2,554,241 | |
Inversiones CMPC SA (E) | 3.850 | 01-13-30 | 407,000 | 433,252 | |
Norbord, Inc. (E) | 6.250 | 04-15-23 | 415,000 | 450,275 | |
Real estate 0.9% | 35,743,106 | ||||
Equity real estate investment trusts 0.9% | |||||
American Homes 4 Rent LP | 4.250 | 02-15-28 | 2,106,000 | 2,339,688 | |
American Tower Corp. | 3.550 | 07-15-27 | 2,603,000 | 2,841,894 | |
American Tower Corp. | 3.800 | 08-15-29 | 885,000 | 974,048 | |
Crown Castle International Corp. | 2.250 | 01-15-31 | 1,718,000 | 1,667,469 | |
Crown Castle International Corp. | 3.300 | 07-01-30 | 287,000 | 304,238 | |
Crown Castle International Corp. | 3.650 | 09-01-27 | 2,307,000 | 2,531,860 | |
Crown Castle International Corp. | 3.800 | 02-15-28 | 926,000 | 1,016,919 | |
Crown Castle International Corp. | 4.150 | 07-01-50 | 255,000 | 275,662 | |
CyrusOne LP | 2.150 | 11-01-30 | 686,000 | 641,993 | |
CyrusOne LP | 3.450 | 11-15-29 | 1,401,000 | 1,463,387 | |
Equinix, Inc. | 1.550 | 03-15-28 | 1,575,000 | 1,517,967 | |
Equinix, Inc. | 1.800 | 07-15-27 | 1,127,000 | 1,117,353 | |
Equinix, Inc. | 3.200 | 11-18-29 | 2,276,000 | 2,401,243 | |
Equinix, Inc. | 5.375 | 05-15-27 | 1,098,000 | 1,179,779 | |
GLP Capital LP | 5.375 | 04-15-26 | 1,489,000 | 1,684,405 | |
Host Hotels & Resorts LP | 3.375 | 12-15-29 | 2,195,000 | 2,230,765 | |
Host Hotels & Resorts LP | 3.500 | 09-15-30 | 1,398,000 | 1,441,562 | |
Host Hotels & Resorts LP | 4.500 | 02-01-26 | 839,000 | 920,057 | |
Iron Mountain, Inc. (E) | 4.875 | 09-15-29 | 781,000 | 795,464 | |
Iron Mountain, Inc. (E) | 5.250 | 07-15-30 | 1,041,000 | 1,081,339 | |
MGM Growth Properties Operating Partnership LP (E) | 3.875 | 02-15-29 | 798,000 | 807,919 | |
RHP Hotel Properties LP (E) | 4.500 | 02-15-29 | 184,000 | 182,101 | |
SBA Communications Corp. | 3.875 | 02-15-27 | 1,525,000 | 1,559,579 | |
SBA Tower Trust (E) | 2.836 | 01-15-25 | 1,172,000 | 1,235,263 | |
Uniti Group LP (E) | 6.500 | 02-15-29 | 593,000 | 589,463 | |
Ventas Realty LP | 3.500 | 02-01-25 | 1,355,000 | 1,471,388 | |
VICI Properties LP (E) | 4.125 | 08-15-30 | 642,000 | 652,034 | |
VICI Properties LP (E) | 4.625 | 12-01-29 | 788,000 | 818,267 |
32 | JOHN HANCOCK BALANCED FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Utilities 0.6% | $23,786,194 | ||||
Electric utilities 0.4% | |||||
ABY Transmision Sur SA (E) | 6.875 | 04-30-43 | 836,333 | 1,066,325 | |
DPL, Inc. (E) | 4.125 | 07-01-25 | 628,000 | 675,602 | |
Emera US Finance LP | 3.550 | 06-15-26 | 797,000 | 871,260 | |
FirstEnergy Corp. | 2.650 | 03-01-30 | 675,000 | 659,813 | |
Instituto Costarricense de Electricidad (E) | 6.375 | 05-15-43 | 515,000 | 445,475 | |
Israel Electric Corp., Ltd. (E) | 6.875 | 06-21-23 | 300,000 | 336,251 | |
NextEra Energy Capital Holdings, Inc. | 3.550 | 05-01-27 | 3,165,000 | 3,511,705 | |
NRG Energy, Inc. (E) | 2.450 | 12-02-27 | 1,425,000 | 1,429,659 | |
NRG Energy, Inc. (E) | 3.375 | 02-15-29 | 244,000 | 238,815 | |
NRG Energy, Inc. (E) | 3.625 | 02-15-31 | 671,000 | 657,381 | |
NRG Energy, Inc. (E) | 4.450 | 06-15-29 | 1,077,000 | 1,179,536 | |
Vistra Operations Company LLC (E) | 3.700 | 01-30-27 | 2,586,000 | 2,681,280 | |
Vistra Operations Company LLC (E) | 4.300 | 07-15-29 | 2,115,000 | 2,224,860 | |
Gas utilities 0.1% | |||||
AmeriGas Partners LP | 5.500 | 05-20-25 | 1,060,000 | 1,177,925 | |
Infraestructura Energetica Nova SAB de CV (E) | 4.750 | 01-15-51 | 2,116,000 | 2,110,710 | |
Independent power and renewable electricity producers 0.1% | |||||
AES Panama Generation Holdings SRL (E) | 4.375 | 05-31-30 | 936,000 | 971,287 | |
LLPL Capital Pte, Ltd. (E) | 6.875 | 02-04-39 | 136,800 | 159,919 | |
NextEra Energy Operating Partners LP (E) | 3.875 | 10-15-26 | 1,071,000 | 1,120,164 | |
NextEra Energy Operating Partners LP (E) | 4.500 | 09-15-27 | 255,000 | 275,278 | |
Multi-utilities 0.0% | |||||
Dominion Energy, Inc. | 3.375 | 04-01-30 | 1,031,000 | 1,110,485 | |
NiSource, Inc. | 3.600 | 05-01-30 | 808,000 | 882,464 | |
Municipal bonds 0.1% | $3,971,413 | ||||
(Cost $3,870,578) | |||||
New Jersey Transportation Trust Fund Authority | 4.081 | 06-15-39 | 1,523,000 | 1,629,875 | |
New Jersey Transportation Trust Fund Authority | 4.131 | 06-15-42 | 95,000 | 100,756 | |
State Board of Administration Finance Corp. (Florida) | 1.705 | 07-01-27 | 2,221,000 | 2,240,782 | |
Term loans (H) 0.1% | $1,407,589 | ||||
(Cost $1,408,920) | |||||
Industrials 0.1% | 1,407,589 | ||||
Professional services 0.1% | |||||
CoreLogic, Inc., Term Loan (I) | TBD | 04-14-28 | 1,416,000 | 1,407,589 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK BALANCED FUND | 33 |
Rate (%) | Maturity date | Par value^ | Value | ||
Collateralized mortgage obligations 1.9% | $72,014,687 | ||||
(Cost $75,437,041) | |||||
Commercial and residential 1.4% | 54,556,093 | ||||
Angel Oak Mortgage Trust LLC Series 2020-R1, Class A1 (E)(J) | 0.990 | 04-25-53 | 1,805,093 | 1,807,658 | |
AOA Mortgage Trust Series 2015-1177, Class C (E)(J) | 3.110 | 12-13-29 | 290,000 | 289,927 | |
BAMLL Commercial Mortgage Securities Trust Series 2019-BPR, Class ENM (E)(J) | 3.843 | 11-05-32 | 575,000 | 479,910 | |
Barclays Commercial Mortgage Trust Series 2019-C5, Class A2 | 3.043 | 11-15-52 | 665,000 | 702,028 | |
BBCMS Mortgage Trust Series 2020-C6, Class A2 | 2.690 | 02-15-53 | 537,000 | 560,704 | |
BBCMS Trust | |||||
Series 2015-MSQ, Class D (E)(J) | 4.123 | 09-15-32 | 385,000 | 393,045 | |
Series 2015-SRCH, Class D (E)(J) | 5.122 | 08-10-35 | 840,000 | 929,038 | |
Benchmark Mortgage Trust | |||||
Series 2019-B12, Class A2 | 3.001 | 08-15-52 | 905,000 | 951,514 | |
Series 2019-B13, Class A2 | 2.889 | 08-15-57 | 780,000 | 819,619 | |
BRAVO Residential Funding Trust Series 2019-NQM1, Class A1 (E)(J) | 2.666 | 07-25-59 | 30,904 | 31,282 | |
BWAY Mortgage Trust Series 2015-1740, Class XA IO (E) | 1.023 | 01-10-35 | 7,015,000 | 44,641 | |
BX Commercial Mortgage Trust | |||||
Series 2018-BIOA, Class D (1 month LIBOR + 1.321%) (C)(E) | 1.436 | 03-15-37 | 1,604,000 | 1,605,625 | |
Series 2020-VKNG, Class A (1 month LIBOR + 0.930%) (C)(E) | 1.045 | 10-15-37 | 1,802,000 | 1,803,127 | |
CAMB Commercial Mortgage Trust | |||||
Series 2019-LIFE, Class D (1 month LIBOR + 1.750%) (C)(E) | 1.865 | 12-15-37 | 230,000 | 230,135 | |
Series 2019-LIFE, Class F (1 month LIBOR + 2.550%) (C)(E) | 2.665 | 12-15-37 | 705,000 | 705,214 | |
Citigroup Commercial Mortgage Trust | |||||
Series 2019-PRM, Class A (E) | 3.341 | 05-10-36 | 798,000 | 845,915 | |
Series 2019-SMRT, Class A (E) | 4.149 | 01-10-36 | 579,000 | 623,445 | |
COLT Mortgage Loan Trust Series 2020-1, Class A1 (E)(J) | 2.488 | 02-25-50 | 377,221 | 380,872 | |
COLT Trust Series 2020-RPL1, Class A1 (E)(J) | 1.390 | 01-25-65 | 2,497,196 | 2,484,442 | |
Commercial Mortgage Trust (Cantor Fitzgerald/Deutsche Bank AG) | |||||
Series 2012-CR2, Class XA IO | 1.779 | 08-15-45 | 3,651,285 | 45,911 | |
Series 2012-CR3, Class XA IO | 2.000 | 10-15-45 | 5,290,052 | 94,133 | |
Series 2014-CR15, Class XA IO | 1.075 | 02-10-47 | 4,564,088 | 84,563 | |
Commercial Mortgage Trust (Citigroup/Deutsche Bank AG) Series 2018-COR3, Class XA IO | 0.582 | 05-10-51 | 9,638,273 | 271,429 | |
Commercial Mortgage Trust (Deutsche Bank AG) | |||||
Series 2013-300P, Class D (E)(J) | 4.540 | 08-10-30 | 880,000 | 913,997 |
34 | JOHN HANCOCK BALANCED FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Commercial and residential (continued) | |||||
Series 2017-PANW, Class A (E) | 3.244 | 10-10-29 | 305,000 | $317,731 | |
Series 2020-CBM, Class A2 (E) | 2.896 | 02-10-37 | 987,000 | 1,006,392 | |
Credit Suisse Mortgage Capital Certificates | |||||
Series 2019-AFC1, Class A1 (E) | 2.573 | 07-25-49 | 595,128 | 604,110 | |
Series 2019-ICE4, Class D (1 month LIBOR + 1.600%) (C)(E) | 1.715 | 05-15-36 | 1,390,000 | 1,391,306 | |
Series 2020-AFC1, Class A1 (E)(J) | 2.240 | 02-25-50 | 1,213,064 | 1,233,501 | |
Series 2020-NET, Class A (E) | 2.257 | 08-15-37 | 320,000 | 327,137 | |
Series 2021-NQM2, Class A1 (E)(J) | 1.179 | 02-25-66 | 1,992,176 | 1,994,168 | |
Ellington Financial Mortgage Trust Series 2021-1, Class A1 (E)(J) | 0.797 | 02-25-66 | 1,046,667 | 1,045,815 | |
Flagstar Mortgage Trust Series 2021-1, Class A2 (E)(J) | 2.500 | 02-01-51 | 2,744,688 | 2,798,695 | |
GCAT Trust | |||||
Series 2019-NQM1, Class A1 (E) | 2.985 | 02-25-59 | 1,024,237 | 1,028,843 | |
Series 2021-NQM1, Class A1 (E)(J) | 0.874 | 01-25-66 | 1,821,910 | 1,822,635 | |
GS Mortgage Securities Trust | |||||
Series 2015-590M, Class C (E)(J) | 3.932 | 10-10-35 | 320,000 | 332,803 | |
Series 2017-485L, Class C (E)(J) | 4.115 | 02-10-37 | 250,000 | 259,191 | |
Series 2019-GC40, Class A2 | 2.971 | 07-10-52 | 845,000 | 888,221 | |
Series 2020-UPTN, Class A (E) | 2.751 | 02-10-37 | 650,000 | 682,106 | |
GS Mortgage-Backed Securities Trust | |||||
Series 2020-NQM1, Class A1 (E)(J) | 1.382 | 09-27-60 | 528,980 | 531,227 | |
Series 2021-NQM1, Class A1 (E)(J) | 1.017 | 07-25-61 | 1,190,000 | 1,189,979 | |
IMT Trust | |||||
Series 2017-APTS, Class AFX (E) | 3.478 | 06-15-34 | 330,000 | 350,276 | |
Series 2017-APTS, Class CFX (E)(J) | 3.613 | 06-15-34 | 400,000 | 419,594 | |
Irvine Core Office Trust Series 2013-IRV, Class A2 (E)(J) | 3.279 | 05-15-48 | 1,370,000 | 1,435,145 | |
JPMorgan Chase Commercial Mortgage Securities Trust | |||||
Series 2012-HSBC, Class XA IO (E) | 1.582 | 07-05-32 | 5,798,281 | 77,586 | |
Series 2020-NNN, Class AFX (E) | 2.812 | 01-16-37 | 848,000 | 875,015 | |
KNDL Mortgage Trust Series 2019-KNSQ, Class D (1 month LIBOR + 1.350%) (C)(E) | 1.465 | 05-15-36 | 840,000 | 839,994 | |
Life Mortgage Trust | |||||
Series 2021-BMR, Class A (1 month LIBOR + 0.700%) (C)(E) | 0.815 | 03-15-38 | 1,589,000 | 1,589,958 | |
Series 2021-BMR, Class D (1 month LIBOR + 1.400%) (C)(E) | 1.515 | 03-15-38 | 1,244,000 | 1,246,365 | |
MFA Trust | |||||
Series 2020-NQM1, Class A1 (E)(J) | 1.479 | 03-25-65 | 431,694 | 435,869 | |
Series 2020-NQM3, Class A1 (E)(J) | 1.014 | 01-26-65 | 1,116,958 | 1,119,408 | |
Series 2021-NQM1, Class A1 (E)(J) | 1.153 | 04-25-65 | 1,741,801 | 1,741,816 | |
Morgan Stanley Capital I Trust Series 2017-CLS, Class D (1 month LIBOR + 1.400%) (C)(E) | 1.515 | 11-15-34 | 1,125,000 | 1,125,354 | |
Natixis Commercial Mortgage Securities Trust | |||||
Series 2018-285M, Class D (E)(J) | 3.917 | 11-15-32 | 464,000 | 471,293 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK BALANCED FUND | 35 |
Rate (%) | Maturity date | Par value^ | Value | ||
Commercial and residential (continued) | |||||
Series 2018-ALXA, Class C (E)(J) | 4.460 | 01-15-43 | 380,000 | $394,321 | |
OBX Trust Series 2020-EXP2, Class A3 (E)(J) | 2.500 | 05-25-60 | 823,640 | 838,423 | |
One Market Plaza Trust Series 2017-1MKT, Class D (E) | 4.146 | 02-10-32 | 240,000 | 245,960 | |
Provident Funding Mortgage Trust Series 2020-F1, Class A2 (E)(J) | 2.000 | 01-25-36 | 2,536,791 | 2,592,260 | |
Seasoned Credit Risk Transfer Trust Series 2020-2, Class MA | 2.000 | 11-25-59 | 737,340 | 757,833 | |
Starwood Mortgage Residential Trust Series 2020-3, Class A1 (E)(J) | 1.486 | 04-25-65 | 941,384 | 951,913 | |
Verus Securitization Trust | |||||
Series 2020-5, Class A1 (E) | 1.218 | 05-25-65 | 742,028 | 744,415 | |
Series 2021-R1, Class A1 (E)(J) | 0.820 | 10-25-63 | 1,676,411 | 1,670,496 | |
WF-RBS Commercial Mortgage Trust Series 2012-C9, Class XA IO (E) | 2.029 | 11-15-45 | 4,142,455 | 80,765 | |
U.S. Government Agency 0.5% | 17,458,594 | ||||
Federal Home Loan Mortgage Corp. | |||||
Series K017, Class X1 IO | 1.431 | 12-25-21 | 4,523,013 | 11,738 | |
Series K021, Class X1 IO | 1.530 | 06-25-22 | 276,282 | 2,792 | |
Series K022, Class X1 IO | 1.297 | 07-25-22 | 9,839,419 | 96,919 | |
Government National Mortgage Association | |||||
Series 2012-114, Class IO | 0.690 | 01-16-53 | 1,595,370 | 40,442 | |
Series 2016-174, Class IO | 0.858 | 11-16-56 | 3,348,754 | 192,921 | |
Series 2017-109, Class IO | 0.507 | 04-16-57 | 4,703,344 | 181,126 | |
Series 2017-124, Class IO | 0.677 | 01-16-59 | 4,005,497 | 198,378 | |
Series 2017-135, Class IO | 0.773 | 10-16-58 | 3,298,726 | 168,697 | |
Series 2017-140, Class IO | 0.552 | 02-16-59 | 1,728,070 | 79,301 | |
Series 2017-159, Class IO | 0.518 | 06-16-59 | 2,824,485 | 134,855 | |
Series 2017-169, Class IO | 0.603 | 01-16-60 | 6,236,838 | 310,182 | |
Series 2017-20, Class IO | 0.710 | 12-16-58 | 5,038,625 | 231,142 | |
Series 2017-22, Class IO | 0.772 | 12-16-57 | 1,701,426 | 94,001 | |
Series 2017-41, Class IO | 0.698 | 07-16-58 | 3,878,307 | 181,681 | |
Series 2017-46, Class IO | 0.643 | 11-16-57 | 4,377,665 | 211,369 | |
Series 2017-61, Class IO | 0.691 | 05-16-59 | 2,279,904 | 119,430 | |
Series 2018-158, Class IO | 0.730 | 05-16-61 | 4,176,420 | 281,911 | |
Series 2018-35, Class IO | 0.523 | 03-16-60 | 5,605,881 | 252,993 | |
Series 2018-43, Class IO | 0.567 | 05-16-60 | 7,997,623 | 415,643 | |
Series 2018-68, Class IO | 0.458 | 01-16-60 | 7,881,332 | 387,466 | |
Series 2018-69, Class IO | 0.563 | 04-16-60 | 6,753,237 | 378,764 | |
Series 2018-81, Class IO | 0.460 | 01-16-60 | 7,095,257 | 330,250 | |
Series 2018-9, Class IO | 0.522 | 01-16-60 | 9,861,513 | 474,303 | |
Series 2019-131, Class IO | 0.910 | 07-16-61 | 4,471,519 | 315,064 | |
Series 2020-100, Class IO | 0.875 | 05-16-62 | 4,891,591 | 389,805 | |
Series 2020-108, Class IO | 0.934 | 06-16-62 | 30,449,710 | 2,466,417 | |
Series 2020-114, Class IO | 0.926 | 09-16-62 | 14,344,684 | 1,173,619 |
36 | JOHN HANCOCK BALANCED FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
U.S. Government Agency (continued) | |||||
Series 2020-118, Class IO | 1.022 | 06-16-62 | 12,239,131 | $1,052,043 | |
Series 2020-119, Class IO | 0.813 | 08-16-62 | 6,073,515 | 462,491 | |
Series 2020-120, Class IO | 0.853 | 05-16-62 | 3,095,115 | 246,736 | |
Series 2020-137, Class IO | 0.846 | 09-16-62 | 15,024,078 | 1,175,243 | |
Series 2020-150, Class IO | 0.984 | 12-16-62 | 10,179,786 | 865,569 | |
Series 2020-170, Class IO | 0.886 | 11-16-62 | 13,781,933 | 1,149,923 | |
Series 2020-92, Class IO | 1.010 | 02-16-62 | 11,618,253 | 982,839 | |
Series 2021-3, Class IO | 0.958 | 09-16-62 | 23,913,857 | 2,031,850 | |
Series 2021-40, Class IO | 0.843 | 02-16-63 | 4,590,000 | 370,691 | |
Asset backed securities 2.9% | $113,809,324 | ||||
(Cost $112,296,543) | |||||
Asset backed securities 2.9% | 113,809,324 | ||||
AMSR Trust Series 2020-SFR4, Class A (E) | 1.355 | 11-17-37 | 2,300,000 | 2,288,445 | |
Applebee's Funding LLC Series 2019-1A, Class A2I (E) | 4.194 | 06-07-49 | 2,132,285 | 2,190,582 | |
Arby's Funding LLC Series 2020-1A, Class A2 (E) | 3.237 | 07-30-50 | 2,243,050 | 2,306,685 | |
Avis Budget Rental Car Funding AESOP LLC | |||||
Series 2019-3A, Class A (E) | 2.360 | 03-20-26 | 2,072,000 | 2,163,342 | |
Series 2020-1A, Class A (E) | 2.330 | 08-20-26 | 1,147,000 | 1,194,937 | |
Bojangles Issuer LLC Series 2020-1A, Class A2 (E) | 3.832 | 10-20-50 | 1,153,000 | 1,204,251 | |
BRE Grand Islander Timeshare Issuer LLC Series 2019-A, Class A (E) | 3.280 | 09-26-33 | 360,360 | 377,419 | |
CARS-DB4 LP Series 2020-1A, Class B1 (E) | 4.170 | 02-15-50 | 1,485,000 | 1,530,003 | |
CF Hippolyta LLC | |||||
Series 2020-1, Class A1 (E) | 1.690 | 07-15-60 | 2,244,699 | 2,275,795 | |
Series 2021-1A, Class A1 (E) | 1.530 | 03-15-61 | 2,189,000 | 2,189,607 | |
CLI Funding VI LLC Series 2020-1A, Class A (E) | 2.080 | 09-18-45 | 2,569,537 | 2,593,206 | |
CLI Funding VIII LLC Series 2021-1A, Class A (E) | 1.640 | 02-18-46 | 2,382,152 | 2,347,223 | |
CoreVest American Finance Trust Series 2019-3, Class A (E) | 2.705 | 10-15-52 | 440,847 | 459,806 | |
CWABS Asset-Backed Certificates Trust Series 2004-10, Class AF5B | 4.411 | 02-25-35 | 45,588 | 45,546 | |
DataBank Issuer Series 2021-1A, Class A2 (E) | 2.060 | 02-27-51 | 587,000 | 586,707 | |
DB Master Finance LLC | |||||
Series 2017-1A, Class A2I (E) | 3.629 | 11-20-47 | 517,010 | 525,608 | |
Series 2017-1A, Class A2II (E) | 4.030 | 11-20-47 | 832,260 | 885,225 | |
Series 2019-1A, Class A2I (E) | 3.787 | 05-20-49 | 3,472,125 | 3,532,297 | |
Domino's Pizza Master Issuer LLC | |||||
Series 2017-1A, Class A23 (E) | 4.118 | 07-25-47 | 2,259,113 | 2,426,332 | |
Series 2021-1A, Class A2I (E) | 2.662 | 04-25-51 | 1,522,000 | 1,537,190 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK BALANCED FUND | 37 |
Rate (%) | Maturity date | Par value^ | Value | ||
Asset backed securities (continued) | |||||
Driven Brands Funding LLC Series 2020-2A, Class A2 (E) | 3.237 | 01-20-51 | 1,524,180 | $1,575,560 | |
FirstKey Homes Trust | |||||
Series 2020-SFR1, Class A (E) | 1.339 | 09-17-25 | 2,284,000 | 2,283,631 | |
Series 2020-SFR2, Class A (E) | 1.266 | 10-19-37 | 2,536,390 | 2,527,106 | |
Five Guys Funding LLC Series 2017-1A, Class A2 (E) | 4.600 | 07-25-47 | 655,050 | 684,720 | |
FOCUS Brands Funding LLC Series 2017-1A, Class A2IB (E) | 3.857 | 04-30-47 | 582,720 | 586,769 | |
Ford Credit Auto Owner Trust Series 2020-1, Class A (E) | 2.040 | 08-15-31 | 2,402,000 | 2,493,571 | |
Ford Credit Floorplan Master Owner Trust | |||||
Series 2019-2, Class A | 3.060 | 04-15-26 | 2,576,000 | 2,758,842 | |
Series 2020-2, Class A | 1.060 | 09-15-27 | 2,179,000 | 2,179,102 | |
GMF Floorplan Owner Revolving Trust | |||||
Series 2019-2, Class A (E) | 2.900 | 04-15-26 | 2,135,000 | 2,276,532 | |
Series 2020-1, Class A (E) | 0.680 | 08-15-25 | 935,000 | 939,575 | |
Golub Capital Partners Funding, Ltd. | |||||
Series 2020-1A, Class A2 (E) | 3.208 | 01-22-29 | 1,423,000 | 1,423,347 | |
Series 2021-1A, Class A2 (E) | 2.773 | 04-20-29 | 1,308,000 | 1,313,212 | |
Hilton Grand Vacations Trust | |||||
Series 2017-AA, Class A (E) | 2.660 | 12-26-28 | 707,657 | 725,496 | |
Series 2018-AA, Class A (E) | 3.540 | 02-25-32 | 563,612 | 594,065 | |
Jack in the Box Funding LLC | |||||
Series 2019-1A, Class A23 (E) | 4.970 | 08-25-49 | 591,530 | 638,066 | |
Series 2019-1A, Class A2I (E) | 3.982 | 08-25-49 | 1,003,418 | 1,026,707 | |
Laurel Road Prime Student Loan Trust Series 2019-A, Class A2FX (E) | 2.730 | 10-25-48 | 163,119 | 166,686 | |
MelTel Land Funding LLC Series 2019-1A, Class A (E) | 3.768 | 04-15-49 | 498,202 | 523,114 | |
Mill City Mortgage Loan Trust Series 2018-3, Class A1 (E)(J) | 3.500 | 08-25-58 | 295,654 | 309,008 | |
MVW Owner Trust | |||||
Series 2015-1A, Class A (E) | 2.520 | 12-20-32 | 47,148 | 47,250 | |
Series 2018-1A, Class A (E) | 3.450 | 01-21-36 | 518,613 | 539,402 | |
Navient Private Education Loan Trust Series 2016-AA, Class A2A (E) | 3.910 | 12-15-45 | 258,743 | 273,780 | |
Navient Private Education Refi Loan Trust Series 2019-FA, Class A2 (E) | 2.600 | 08-15-68 | 1,347,469 | 1,387,229 | |
Navient Student Loan Trust Series 2020-2A, Class A1A (E) | 1.320 | 08-26-69 | 1,711,804 | 1,694,304 | |
Neighborly Issuer LLC Series 2021-1A, Class A2 (E) | 3.584 | 04-30-51 | 2,444,000 | 2,480,269 | |
NRZ Excess Spread-Collateralized Notes | |||||
Series 2018-FNT1, Class A (E) | 3.610 | 05-25-23 | 391,982 | 393,043 | |
Series 2018-FNT2, Class A (E) | 3.790 | 07-25-54 | 228,707 | 228,918 | |
Oxford Finance Funding LLC Series 2019-1A, Class A2 (E) | 4.459 | 02-15-27 | 937,000 | 969,212 |
38 | JOHN HANCOCK BALANCED FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Asset backed securities (continued) | |||||
PFS Financing Corp. Series 2020-E, Class A (E) | 1.000 | 10-15-25 | 1,362,000 | $1,372,916 | |
Progress Residential Trust Series 2020-SFR1, Class A (E) | 1.732 | 04-17-37 | 1,132,000 | 1,148,930 | |
Renaissance Home Equity Loan Trust Series 2005-2, Class AF4 | 4.934 | 08-25-35 | 278,473 | 288,336 | |
Santander Revolving Auto Loan Trust Series 2019-A, Class A (E) | 2.510 | 01-26-32 | 2,677,000 | 2,816,639 | |
SCF Equipment Leasing LLC Series 2019-1A, Class A2 (E) | 3.230 | 10-20-24 | 128,918 | 129,248 | |
Sesac Finance LLC Series 2019-1, Class A2 (E) | 5.216 | 07-25-49 | 1,717,410 | 1,833,593 | |
Sierra Timeshare Receivables Funding LLC Series 2019-1A, Class A (E) | 3.200 | 01-20-36 | 340,102 | 352,648 | |
SMB Private Education Loan Trust | |||||
Series 2015-C, Class A2A (E) | 2.750 | 07-15-27 | 131,527 | 133,159 | |
Series 2019-B, Class A2A (E) | 2.840 | 06-15-37 | 2,234,358 | 2,336,550 | |
Series 2020-PTA, Class A2A (E) | 1.600 | 09-15-54 | 788,000 | 795,857 | |
Series 2021-A, Class APT2 (E) | 1.070 | 01-15-53 | 1,401,974 | 1,389,419 | |
Sonic Capital LLC Series 2020-1A, Class A2I (E) | 3.845 | 01-20-50 | 1,580,688 | 1,645,607 | |
Sunbird Engine Finance LLC Series 2020-1A, Class A (E) | 3.671 | 02-15-45 | 443,918 | 431,104 | |
Taco Bell Funding LLC Series 2018-1A, Class A2I (E) | 4.318 | 11-25-48 | 2,249,228 | 2,254,648 | |
TIF Funding II LLC Series 2021-1A, Class A (E) | 1.650 | 02-20-46 | 1,372,875 | 1,346,705 | |
Towd Point Mortgage Trust | |||||
Series 2015-1, Class A5 (E)(J) | 3.340 | 10-25-53 | 566,000 | 599,066 | |
Series 2015-2, Class 1M2 (E)(J) | 3.501 | 11-25-60 | 815,000 | 855,758 | |
Series 2017-1, Class A1 (E)(J) | 2.750 | 10-25-56 | 525,273 | 534,186 | |
Series 2017-2, Class A1 (E)(J) | 2.750 | 04-25-57 | 106,763 | 108,313 | |
Series 2018-1, Class A1 (E)(J) | 3.000 | 01-25-58 | 341,540 | 352,167 | |
Series 2018-3, Class A1 (E)(J) | 3.750 | 05-25-58 | 537,570 | 568,132 | |
Series 2018-4, Class A1 (E)(J) | 3.000 | 06-25-58 | 1,080,669 | 1,121,028 | |
Series 2018-5, Class A1A (E)(J) | 3.250 | 07-25-58 | 161,227 | 166,791 | |
Series 2018-6, Class A1A (E)(J) | 3.750 | 03-25-58 | 1,568,390 | 1,627,029 | |
Series 2019-1, Class A1 (E)(J) | 3.750 | 03-25-58 | 1,273,007 | 1,361,068 | |
Series 2019-4, Class A1 (E)(J) | 2.900 | 10-25-59 | 1,314,688 | 1,376,751 | |
Series 2020-4, Class A1 (E) | 1.750 | 10-25-60 | 1,631,894 | 1,657,015 | |
Toyota Auto Loan Extended Note Trust | |||||
Series 2019-1A, Class A (E) | 2.560 | 11-25-31 | 4,173,000 | 4,417,462 | |
Series 2020-1A, Class A (E) | 1.350 | 05-25-33 | 1,292,000 | 1,316,218 | |
Triton Container Finance VIII LLC | |||||
Series 2020-1A, Class A (E) | 2.110 | 09-20-45 | 3,231,417 | 3,255,960 | |
Series 2021-1A, Class A (E) | 1.860 | 03-20-46 | 1,943,138 | 1,912,856 | |
Vantage Data Centers LLC |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK BALANCED FUND | 39 |
Rate (%) | Maturity date | Par value^ | Value | ||
Asset backed securities (continued) | |||||
Series 2020-1A, Class A2 (E) | 1.645 | 09-15-45 | 1,734,000 | $1,727,432 | |
Series 2020-2A, Class A2 (E) | 1.992 | 09-15-45 | 1,150,000 | 1,136,279 | |
Verizon Owner Trust Series 2020-B, Class A | 0.470 | 02-20-25 | 2,722,000 | 2,732,356 | |
VR Funding LLC Series 2020-1A, Class A (E) | 2.790 | 11-15-50 | 2,256,198 | 2,220,319 | |
VSE VOI Mortgage LLC Series 2017-A, Class A (E) | 2.330 | 03-20-35 | 277,051 | 282,346 | |
Westgate Resorts LLC Series 2017-1A, Class A (E) | 3.050 | 12-20-30 | 103,026 | 103,090 | |
Willis Engine Structured Trust V Series 2020-A, Class A (E) | 3.228 | 03-15-45 | 406,388 | 403,621 | |
Yield (%) | Shares | Value | |||
Short-term investments 2.2% | $83,424,725 | ||||
(Cost $83,425,213) | |||||
Short-term funds 1.4% | 51,448,725 | ||||
Federated Government Obligations Fund, Institutional Class | 0.0200(K) | 34,212,264 | 34,212,264 | ||
John Hancock Collateral Trust (L) | 0.0360(K) | 1,722,854 | 17,236,461 |
Par value^ | Value | ||||
Repurchase agreement 0.8% | 31,976,000 | ||||
Barclays Tri-Party Repurchase Agreement dated 4-30-21 at 0.010% to be repurchased at $31,976,027 on 5-3-21, collateralized by $32,609,900 U.S. Treasury Notes, 0.125% due 9-30-22 (valued at $32,615,589) | 31,976,000 | 31,976,000 |
Total investments (Cost $2,859,908,898) 101.3% | $3,921,378,799 | ||||
Other assets and liabilities, net (1.3%) | (51,841,217) | ||||
Total net assets 100.0% | $3,869,537,582 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | |
^All par values are denominated in U.S. dollars unless otherwise indicated. | |
Security Abbreviations and Legend | |
ADR | American Depositary Receipt |
CMT | Constant Maturity Treasury |
ICE | Intercontinental Exchange |
IO | Interest-Only Security - (Interest Tranche of Stripped Mortgage Pool). Rate shown is the annualized yield at the end of the period. |
LIBOR | London Interbank Offered Rate |
PIK | Pay-in-Kind Security - Represents a payment-in-kind which may pay interest in additional par and/or cash. Rates shown are the current rate and most recent payment rate. |
SOFR | Secured Overnight Financing Rate |
TBA | To Be Announced. A forward mortgage-backed securities trade issued by a U.S. Government Agency, to be delivered at an agreed-upon future settlement date. |
40 | JOHN HANCOCK BALANCED FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
(A) | Non-income producing security. |
(B) | All or a portion of this security is on loan as of 4-30-21. |
(C) | Variable rate obligation. The coupon rate shown represents the rate at period end. |
(D) | Security purchased or sold on a when-issued or delayed delivery basis. |
(E) | These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $474,118,745 or 12.3% of the fund's net assets as of 4-30-21. |
(F) | Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date. |
(G) | Non-income producing - Issuer is in default. |
(H) | Term loans are variable rate obligations. The coupon rate shown represents the rate at period end. |
(I) | This position represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate, which is disclosed as TBD (To Be Determined). |
(J) | Variable or floating rate security, the interest rate of which adjusts periodically based on a weighted average of interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of period end. |
(K) | The rate shown is the annualized seven-day yield as of 4-30-21. |
(L) | Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK BALANCED FUND | 41 |
Assets | |
Unaffiliated investments, at value (Cost $2,842,671,949) including $16,892,856 of securities loaned | $3,904,142,338 |
Affiliated investments, at value (Cost $17,236,949) | 17,236,461 |
Total investments, at value (Cost $2,859,908,898) | 3,921,378,799 |
Cash | 34,846,283 |
Dividends and interest receivable | 12,496,623 |
Receivable for fund shares sold | 14,891,753 |
Receivable for investments sold | 14,524,699 |
Receivable for delayed delivery securities sold | 36,554,437 |
Other assets | 268,536 |
Total assets | 4,034,961,130 |
Liabilities | |
Payable for investments purchased | 29,592,502 |
Payable for delayed delivery securities purchased | 112,950,970 |
Payable for fund shares repurchased | 4,616,376 |
Payable upon return of securities loaned | 17,237,644 |
Payable to affiliates | |
Accounting and legal services fees | 195,415 |
Transfer agent fees | 332,448 |
Distribution and service fees | 264,457 |
Trustees' fees | 1,953 |
Other liabilities and accrued expenses | 231,783 |
Total liabilities | 165,423,548 |
Net assets | $3,869,537,582 |
Net assets consist of | |
Paid-in capital | $2,770,145,849 |
Total distributable earnings (loss) | 1,099,391,733 |
Net assets | $3,869,537,582 |
42 | JOHN HANCOCK Balanced 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 ($2,173,782,877 ÷ 84,473,003 shares)1 | $25.73 |
Class C ($317,946,179 ÷ 12,375,368 shares)1 | $25.69 |
Class I ($799,781,529 ÷ 31,113,396 shares) | $25.71 |
Class R2 ($12,323,105 ÷ 479,666 shares) | $25.69 |
Class R4 ($26,887,165 ÷ 1,039,693 shares) | $25.86 |
Class R5 ($2,721,190 ÷ 105,403 shares) | $25.82 |
Class R6 ($536,095,537 ÷ 20,821,238 shares) | $25.75 |
Maximum offering price per share | |
Class A (net asset value per share ÷ 95.5%)2 | $26.94 |
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 Balanced Fund | 43 |
Investment income | |
Interest | $20,838,988 |
Dividends | 13,578,601 |
Securities lending | 6,383 |
Less foreign taxes withheld | (13,572) |
Total investment income | 34,410,400 |
Expenses | |
Investment management fees | 9,939,727 |
Distribution and service fees | 4,499,842 |
Accounting and legal services fees | 342,006 |
Transfer agent fees | 1,751,009 |
Trustees' fees | 28,605 |
Custodian fees | 209,000 |
State registration fees | 131,934 |
Printing and postage | 101,521 |
Professional fees | 59,346 |
Other | 62,550 |
Total expenses | 17,125,540 |
Less expense reductions | (156,268) |
Net expenses | 16,969,272 |
Net investment income | 17,441,128 |
Realized and unrealized gain (loss) | |
Net realized gain (loss) on | |
Unaffiliated investments and foreign currency transactions | 48,046,018 |
Affiliated investments | (691) |
48,045,327 | |
Change in net unrealized appreciation (depreciation) of | |
Unaffiliated investments and translation of assets and liabilities in foreign currencies | 414,909,743 |
Affiliated investments | (402) |
Forward foreign currency contracts | (11,543) |
414,897,798 | |
Net realized and unrealized gain | 462,943,125 |
Increase in net assets from operations | $480,384,253 |
44 | JOHN HANCOCK Balanced Fund | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Six months ended 4-30-21 (unaudited) | Year ended 10-31-20 | |
Increase (decrease) in net assets | ||
From operations | ||
Net investment income | $17,441,128 | $31,884,988 |
Net realized gain | 48,045,327 | 14,288,618 |
Change in net unrealized appreciation (depreciation) | 414,897,798 | 185,361,692 |
Increase in net assets resulting from operations | 480,384,253 | 231,535,298 |
Distributions to shareholders | ||
From earnings | ||
Class A | (18,552,000) | (26,352,076) |
Class B | — | (138,417)1 |
Class C | (1,989,228) | (4,889,629) |
Class I | (8,032,972) | (12,284,130) |
Class R1 | — | (60,739)1 |
Class R2 | (117,707) | (82,074) |
Class R3 | — | (86,659)1 |
Class R4 | (268,370) | (322,396) |
Class R5 | (28,270) | (53,081) |
Class R6 | (5,196,169) | (6,691,232) |
Total distributions | (34,184,716) | (50,960,433) |
From fund share transactions | 462,570,012 | 632,751,217 |
Total increase | 908,769,549 | 813,326,082 |
Net assets | ||
Beginning of period | 2,960,768,033 | 2,147,441,951 |
End of period | $3,869,537,582 | $2,960,768,033 |
1 | Share class was redesignated during the period. Refer to Note 5 for further details. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK Balanced Fund | 45 |
CLASS A SHARES Period ended | 4-30-211 | 10-31-20 | 10-31-19 | 10-31-18 | 10-31-17 | 10-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $22.51 | $20.90 | $20.18 | $20.40 | $18.29 | $18.56 |
Net investment income2 | 0.12 | 0.27 | 0.32 | 0.32 | 0.32 | 0.32 |
Net realized and unrealized gain (loss) on investments | 3.34 | 1.79 | 1.84 | 0.28 | 2.12 | 0.25 |
Total from investment operations | 3.46 | 2.06 | 2.16 | 0.60 | 2.44 | 0.57 |
Less distributions | ||||||
From net investment income | (0.17) | (0.30) | (0.33) | (0.34) | (0.33) | (0.32) |
From net realized gain | (0.07) | (0.15) | (1.11) | (0.48) | — | (0.52) |
Total distributions | (0.24) | (0.45) | (1.44) | (0.82) | (0.33) | (0.84) |
Net asset value, end of period | $25.73 | $22.51 | $20.90 | $20.18 | $20.40 | $18.29 |
Total return (%)3,4 | 15.435 | 10.06 | 11.63 | 2.89 | 13.41 | 3.26 |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $2,174 | $1,618 | $1,063 | $832 | $817 | $866 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 1.056 | 1.08 | 1.08 | 1.07 | 1.08 | 1.09 |
Expenses including reductions | 1.046 | 1.07 | 1.07 | 1.06 | 1.08 | 1.09 |
Net investment income | 0.966 | 1.25 | 1.60 | 1.57 | 1.62 | 1.77 |
Portfolio turnover (%) | 32 | 89 | 76 | 58 | 52 | 47 |
1 | Six months ended 4-30-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Does not reflect the effect of sales charges, if any. |
5 | Not annualized. |
6 | Annualized. |
46 | JOHN HANCOCK Balanced Fund | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS C SHARES Period ended | 4-30-211 | 10-31-20 | 10-31-19 | 10-31-18 | 10-31-17 | 10-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $22.48 | $20.86 | $20.15 | $20.37 | $18.26 | $18.53 |
Net investment income2 | 0.03 | 0.13 | 0.18 | 0.18 | 0.18 | 0.19 |
Net realized and unrealized gain (loss) on investments | 3.34 | 1.79 | 1.83 | 0.27 | 2.12 | 0.25 |
Total from investment operations | 3.37 | 1.92 | 2.01 | 0.45 | 2.30 | 0.44 |
Less distributions | ||||||
From net investment income | (0.09) | (0.15) | (0.19) | (0.19) | (0.19) | (0.19) |
From net realized gain | (0.07) | (0.15) | (1.11) | (0.48) | — | (0.52) |
Total distributions | (0.16) | (0.30) | (1.30) | (0.67) | (0.19) | (0.71) |
Net asset value, end of period | $25.69 | $22.48 | $20.86 | $20.15 | $20.37 | $18.26 |
Total return (%)3,4 | 15.015 | 9.34 | 10.81 | 2.18 | 12.65 | 2.54 |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $318 | $314 | $351 | $400 | $499 | $507 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 1.756 | 1.78 | 1.78 | 1.77 | 1.78 | 1.79 |
Expenses including reductions | 1.746 | 1.77 | 1.77 | 1.76 | 1.78 | 1.79 |
Net investment income | 0.256 | 0.60 | 0.91 | 0.87 | 0.93 | 1.07 |
Portfolio turnover (%) | 32 | 89 | 76 | 58 | 52 | 47 |
1 | Six months ended 4-30-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Does not reflect the effect of sales charges, if any. |
5 | Not annualized. |
6 | Annualized. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK Balanced Fund | 47 |
CLASS I SHARES Period ended | 4-30-211 | 10-31-20 | 10-31-19 | 10-31-18 | 10-31-17 | 10-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $22.49 | $20.88 | $20.16 | $20.39 | $18.28 | $18.55 |
Net investment income2 | 0.15 | 0.33 | 0.38 | 0.38 | 0.37 | 0.37 |
Net realized and unrealized gain (loss) on investments | 3.35 | 1.80 | 1.84 | 0.27 | 2.12 | 0.26 |
Total from investment operations | 3.50 | 2.13 | 2.22 | 0.65 | 2.49 | 0.63 |
Less distributions | ||||||
From net investment income | (0.21) | (0.37) | (0.39) | (0.40) | (0.38) | (0.38) |
From net realized gain | (0.07) | (0.15) | (1.11) | (0.48) | — | (0.52) |
Total distributions | (0.28) | (0.52) | (1.50) | (0.88) | (0.38) | (0.90) |
Net asset value, end of period | $25.71 | $22.49 | $20.88 | $20.16 | $20.39 | $18.28 |
Total return (%)3 | 15.624 | 10.41 | 11.98 | 3.16 | 13.77 | 3.59 |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $800 | $626 | $469 | $454 | $522 | $233 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 0.755 | 0.78 | 0.79 | 0.78 | 0.77 | 0.78 |
Expenses including reductions | 0.745 | 0.77 | 0.78 | 0.77 | 0.77 | 0.78 |
Net investment income | 1.265 | 1.55 | 1.90 | 1.85 | 1.91 | 2.09 |
Portfolio turnover (%) | 32 | 89 | 76 | 58 | 52 | 47 |
1 | Six months ended 4-30-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
48 | JOHN HANCOCK Balanced Fund | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS R2 SHARES Period ended | 4-30-211 | 10-31-20 | 10-31-19 | 10-31-18 | 10-31-17 | 10-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $22.47 | $20.86 | $20.15 | $20.37 | $18.27 | $18.53 |
Net investment income2 | 0.11 | 0.25 | 0.30 | 0.30 | 0.31 | 0.29 |
Net realized and unrealized gain (loss) on investments | 3.34 | 1.79 | 1.83 | 0.28 | 2.10 | 0.27 |
Total from investment operations | 3.45 | 2.04 | 2.13 | 0.58 | 2.41 | 0.56 |
Less distributions | ||||||
From net investment income | (0.16) | (0.28) | (0.31) | (0.32) | (0.31) | (0.30) |
From net realized gain | (0.07) | (0.15) | (1.11) | (0.48) | — | (0.52) |
Total distributions | (0.23) | (0.43) | (1.42) | (0.80) | (0.31) | (0.82) |
Net asset value, end of period | $25.69 | $22.47 | $20.86 | $20.15 | $20.37 | $18.27 |
Total return (%)3 | 15.364 | 10.03 | 11.48 | 2.79 | 13.27 | 3.23 |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $12 | $11 | $4 | $4 | $4 | $8 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 1.145 | 1.16 | 1.17 | 1.18 | 1.18 | 1.19 |
Expenses including reductions | 1.135 | 1.15 | 1.17 | 1.17 | 1.17 | 1.18 |
Net investment income | 0.875 | 1.18 | 1.51 | 1.47 | 1.58 | 1.63 |
Portfolio turnover (%) | 32 | 89 | 76 | 58 | 52 | 47 |
1 | Six months ended 4-30-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK Balanced Fund | 49 |
CLASS R4 SHARES Period ended | 4-30-211 | 10-31-20 | 10-31-19 | 10-31-18 | 10-31-17 | 10-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $22.62 | $21.00 | $20.27 | $20.49 | $18.36 | $18.63 |
Net investment income2 | 0.14 | 0.28 | 0.35 | 0.35 | 0.35 | 0.35 |
Net realized and unrealized gain (loss) on investments | 3.36 | 1.83 | 1.85 | 0.28 | 2.13 | 0.25 |
Total from investment operations | 3.50 | 2.11 | 2.20 | 0.63 | 2.48 | 0.60 |
Less distributions | ||||||
From net investment income | (0.19) | (0.34) | (0.36) | (0.37) | (0.35) | (0.35) |
From net realized gain | (0.07) | (0.15) | (1.11) | (0.48) | — | (0.52) |
Total distributions | (0.26) | (0.49) | (1.47) | (0.85) | (0.35) | (0.87) |
Net asset value, end of period | $25.86 | $22.62 | $21.00 | $20.27 | $20.49 | $18.36 |
Total return (%)3 | 15.534 | 10.24 | 11.79 | 3.03 | 13.64 | 3.41 |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $27 | $23 | $13 | $17 | $24 | $30 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 0.995 | 1.01 | 1.03 | 1.03 | 1.03 | 1.03 |
Expenses including reductions | 0.885 | 0.90 | 0.92 | 0.92 | 0.92 | 0.92 |
Net investment income | 1.125 | 1.33 | 1.77 | 1.70 | 1.79 | 1.93 |
Portfolio turnover (%) | 32 | 89 | 76 | 58 | 52 | 47 |
1 | Six months ended 4-30-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
50 | JOHN HANCOCK Balanced Fund | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS R5 SHARES Period ended | 4-30-211 | 10-31-20 | 10-31-19 | 10-31-18 | 10-31-17 | 10-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $22.58 | $20.96 | $20.24 | $20.47 | $18.34 | $18.60 |
Net investment income2 | 0.16 | 0.36 | 0.39 | 0.40 | 0.39 | 0.38 |
Net realized and unrealized gain (loss) on investments | 3.36 | 1.79 | 1.84 | 0.26 | 2.13 | 0.26 |
Total from investment operations | 3.52 | 2.15 | 2.23 | 0.66 | 2.52 | 0.64 |
Less distributions | ||||||
From net investment income | (0.21) | (0.38) | (0.40) | (0.41) | (0.39) | (0.38) |
From net realized gain | (0.07) | (0.15) | (1.11) | (0.48) | — | (0.52) |
Total distributions | (0.28) | (0.53) | (1.51) | (0.89) | (0.39) | (0.90) |
Net asset value, end of period | $25.82 | $22.58 | $20.96 | $20.24 | $20.47 | $18.34 |
Total return (%)3 | 15.674 | 10.48 | 11.98 | 3.19 | 13.88 | 3.68 |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $3 | $2 | $2 | $2 | $2 | $2 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 0.685 | 0.71 | 0.73 | 0.73 | 0.73 | 0.73 |
Expenses including reductions | 0.685 | 0.70 | 0.72 | 0.72 | 0.72 | 0.72 |
Net investment income | 1.335 | 1.65 | 1.95 | 1.96 | 1.97 | 2.14 |
Portfolio turnover (%) | 32 | 89 | 76 | 58 | 52 | 47 |
1 | Six months ended 4-30-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK Balanced Fund | 51 |
CLASS R6 SHARES Period ended | 4-30-211 | 10-31-20 | 10-31-19 | 10-31-18 | 10-31-17 | 10-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $22.52 | $20.91 | $20.19 | $20.41 | $18.30 | $18.56 |
Net investment income2 | 0.17 | 0.35 | 0.40 | 0.41 | 0.39 | 0.39 |
Net realized and unrealized gain (loss) on investments | 3.35 | 1.80 | 1.84 | 0.27 | 2.12 | 0.27 |
Total from investment operations | 3.52 | 2.15 | 2.24 | 0.68 | 2.51 | 0.66 |
Less distributions | ||||||
From net investment income | (0.22) | (0.39) | (0.41) | (0.42) | (0.40) | (0.40) |
From net realized gain | (0.07) | (0.15) | (1.11) | (0.48) | — | (0.52) |
Total distributions | (0.29) | (0.54) | (1.52) | (0.90) | (0.40) | (0.92) |
Net asset value, end of period | $25.75 | $22.52 | $20.91 | $20.19 | $20.41 | $18.30 |
Total return (%)3 | 15.704 | 10.52 | 12.07 | 3.30 | 13.87 | 3.76 |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $536 | $366 | $226 | $166 | $18 | $7 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 0.645 | 0.66 | 0.68 | 0.68 | 0.68 | 0.69 |
Expenses including reductions | 0.645 | 0.65 | 0.67 | 0.67 | 0.67 | 0.66 |
Net investment income | 1.375 | 1.67 | 2.00 | 1.98 | 1.97 | 2.19 |
Portfolio turnover (%) | 32 | 89 | 76 | 58 | 52 | 47 |
1 | Six months ended 4-30-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
52 | JOHN HANCOCK Balanced Fund | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
SEMIANNUAL REPORT | JOHN HANCOCK Balanced Fund | 53 |
Total value at 4-30-21 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
Common stocks | $2,178,658,263 | $2,122,513,523 | $56,144,740 | — |
Preferred securities | 5,893,658 | 5,893,658 | — | — |
U.S. Government and Agency obligations | 616,531,290 | — | 616,531,290 | — |
Foreign government obligations | 8,556,611 | — | 8,556,611 | — |
Corporate bonds | 837,111,239 | — | 837,111,239 | — |
Municipal bonds | 3,971,413 | — | 3,971,413 | — |
Term loans | 1,407,589 | — | 1,407,589 | — |
Collateralized mortgage obligations | 72,014,687 | — | 72,014,687 | — |
Asset backed securities | 113,809,324 | — | 113,809,324 | — |
Short-term investments | 83,424,725 | 51,448,725 | 31,976,000 | — |
Total investments in securities | $3,921,378,799 | $2,179,855,906 | $1,741,522,893 | — |
54 | JOHN HANCOCK Balanced Fund | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK Balanced Fund | 55 |
56 | JOHN HANCOCK Balanced Fund | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK Balanced Fund | 57 |
Class | Expense reduction |
Class A | $80,118 |
Class C | 12,883 |
Class I | 29,944 |
Class R2 | 507 |
Class | Expense reduction |
Class R4 | $1,064 |
Class R5 | 103 |
Class R6 | 18,877 |
Total | $143,496 |
58 | JOHN HANCOCK Balanced Fund | SEMIANNUAL REPORT |
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% |
Class R5 | — | 0.05% |
Class | Distribution and service fees | Transfer agent fees |
Class A | $2,874,870 | $1,123,156 |
SEMIANNUAL REPORT | JOHN HANCOCK Balanced Fund | 59 |
Class | Distribution and service fees | Transfer agent fees |
Class C | $1,549,615 | $182,274 |
Class I | — | 420,573 |
Class R2 | 30,263 | 595 |
Class R4 | 44,588 | 1,316 |
Class R5 | 506 | 127 |
Class R6 | — | 22,968 |
Total | $4,499,842 | $1,751,009 |
Six Months Ended 4-30-21 | Year Ended 10-31-20 | |||
Shares | Amount | Shares | Amount | |
Class A shares | ||||
Sold | 23,236,558 | $570,867,583 | 41,876,219 | $904,225,483 |
Distributions reinvested | 739,763 | 17,949,950 | 1,222,816 | 25,487,459 |
Repurchased | (11,362,499) | (279,836,995) | (22,114,722) | (473,441,633) |
Net increase | 12,613,822 | $308,980,538 | 20,984,313 | $456,271,309 |
Class B shares | ||||
Sold | — | — | 10,505 | $220,682 |
Distributions reinvested | — | — | 6,065 | 126,412 |
Repurchased | — | — | (560,547) | (12,326,641) |
Net decrease | — | — | (543,977) | $(11,979,547) |
Class C shares | ||||
Sold | 1,430,154 | $35,061,814 | 2,623,485 | $56,124,040 |
Distributions reinvested | 79,148 | 1,911,973 | 213,587 | 4,453,454 |
Repurchased | (3,112,550) | (75,752,766) | (5,663,311) | (121,025,958) |
Net decrease | (1,603,248) | $(38,778,979) | (2,826,239) | $(60,448,464) |
Class I shares | ||||
Sold | 6,350,735 | $156,514,684 | 10,430,889 | $226,188,871 |
Distributions reinvested | 296,732 | 7,192,316 | 519,433 | 10,816,668 |
Repurchased | (3,371,520) | (83,193,912) | (5,597,083) | (115,277,111) |
Net increase | 3,275,947 | $80,513,088 | 5,353,239 | $121,728,428 |
60 | JOHN HANCOCK Balanced Fund | SEMIANNUAL REPORT |
Six Months Ended 4-30-21 | Year Ended 10-31-20 | |||
Shares | Amount | Shares | Amount | |
Class R1 shares | ||||
Sold | — | — | 57,212 | $1,227,597 |
Distributions reinvested | — | — | 2,363 | 49,416 |
Repurchased | — | — | (224,471) | (5,015,565) |
Net decrease | — | — | (164,896) | $(3,738,552) |
Class R2 shares | ||||
Sold | 69,067 | $1,680,535 | 484,436 | $8,777,117 |
Distributions reinvested | 4,293 | 103,883 | 3,429 | 71,200 |
Repurchased | (93,786) | (2,306,533) | (84,041) | (1,785,479) |
Net increase (decrease) | (20,426) | $(522,115) | 403,824 | $7,062,838 |
Class R3 shares | ||||
Sold | — | — | 46,821 | $1,018,539 |
Distributions reinvested | — | — | 4,153 | 86,659 |
Repurchased | — | — | (271,828) | (6,219,863) |
Net decrease | — | — | (220,854) | $(5,114,665) |
Class R4 shares | ||||
Sold | 77,826 | $1,908,792 | 537,195 | $11,982,587 |
Distributions reinvested | 11,010 | 268,370 | 15,282 | 321,771 |
Repurchased | (81,877) | (2,021,251) | (117,853) | (2,564,107) |
Net increase | 6,959 | $155,911 | 434,624 | $9,740,251 |
Class R5 shares | ||||
Sold | 11,111 | $276,337 | 3,754 | $80,752 |
Distributions reinvested | 1,161 | 28,270 | 2,535 | 52,838 |
Repurchased | (5,263) | (130,413) | (10,792) | (235,190) |
Net increase (decrease) | 7,009 | $174,194 | (4,503) | $(101,600) |
Class R6 shares | ||||
Sold | 5,785,540 | $142,466,950 | 7,506,526 | $163,124,435 |
Distributions reinvested | 213,360 | 5,183,825 | 319,938 | 6,673,233 |
Repurchased | (1,442,265) | (35,603,400) | (2,376,265) | (50,466,449) |
Net increase | 4,556,635 | $112,047,375 | 5,450,199 | $119,331,219 |
Total net increase | 18,836,698 | $462,570,012 | 28,865,730 | $632,751,217 |
SEMIANNUAL REPORT | JOHN HANCOCK Balanced Fund | 61 |
Redesignation | Effective date | Amount | |||||
Class B shares as Class A shares | October 14, 2020 | $5,281,361 | |||||
Class R1 shares as Class R2 shares | October 23, 2020 | $3,276,091 | |||||
Class R3 shares as Class R2 shares | October 9, 2020 | $4,556,865 |
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* | 1,722,854 | $1,000,545 | $50,626,163 | $(34,389,154) | $(691) | $(402) | $6,383 | — | $17,236,461 |
* | Refer to the Securities lending note within Note 2 for details regarding this investment. |
62 | JOHN HANCOCK Balanced Fund | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK Balanced Fund | 63 |
• | The Fund’s investment strategy remained appropriate for an open-end fund structure; |
• | The Fund was able to meet requests for redemption without significant dilution of remaining investors’ interests in the Fund; |
• | The Fund did not report any breaches of the 15% limit on illiquid investments that would require reporting to the Securities and Exchange Commission; |
• | The Fund continued to qualify as a Primarily Highly Liquid Fund under the Liquidity Rule and therefore is not required to establish a HLIM; and |
• | The Chief Compliance Officer’s office performed audit testing of the LRMP which resulted in an assessment that the LRMP’s control environment was deemed to be operating effectively and in compliance with the Board approved procedures. |
64 | JOHN HANCOCK BALANCED FUND | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK BALANCED FUND | 65 |
Steven R. Pruchansky, Vice Chairperson
Andrew G. Arnott†
Charles L. Bardelis*
James R. Boyle
Peter S. Burgess*
William H. Cunningham
Grace K. Fey
Marianne Harrison†
Deborah C. Jackson
Frances G. Rathke*,1
Gregory A. Russo
President
Chief Financial Officer
Treasurer
Secretary and Chief Legal Officer
Chief Compliance Officer
Jeffrey N. Given, CFA
Michael J. Scanlon, Jr., 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 |
66 | JOHN HANCOCK BALANCED FUND | SEMIANNUAL REPORT |
GOVERNANCE FUNDS
with a heritage of financial stewardship dating back to 1862. Helping
our shareholders pursue their financial goals is at the core of everything
we do. It’s why we support the role of professional financial advice
and operate with the highest standards of conduct and integrity.
We search the world to find proven portfolio teams with specialized
expertise for every strategy we offer, then we apply robust investment
oversight to ensure they continue to meet our uncompromising
standards and serve the best interests of our shareholders.
a diverse set of investments backed by some of the world’s best
managers, along with strong risk-adjusted returns across asset classes.
200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
MF1639921 | 36SA 4/21 |
President and CEO,
John Hancock Investment Management
Head of Wealth and Asset Management,
United States and Europe
SEMIANNUAL REPORT | JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND | 1 |
2 | JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND | SEMIANNUAL REPORT |
TOP 10 HOLDINGS AS OF 4/30/2021 (% of net assets) | |
BNP Paribas SA | 2.6 |
Sanofi | 2.4 |
Volvo AB, B Shares | 2.2 |
Roche Holding AG | 2.2 |
Sumitomo Mitsui Financial Group, Inc. | 2.0 |
Novartis AG | 2.0 |
TOTAL SE | 1.9 |
Glencore PLC | 1.9 |
UBS Group AG | 1.8 |
Samsung Electronics Company, Ltd. | 1.8 |
TOTAL | 20.8 |
Cash and cash equivalents are not included. |
SEMIANNUAL REPORT | JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND | 3 |
TOP 10 COUNTRIES AS OF 4/30/2021 (% of net assets) | |
Japan | 18.7 |
France | 15.1 |
Switzerland | 8.9 |
Germany | 8.5 |
South Korea | 8.3 |
United Kingdom | 8.1 |
Netherlands | 4.3 |
Sweden | 3.3 |
United States | 3.1 |
Finland | 2.7 |
TOTAL | 81.0 |
Cash and cash equivalents are not included. |
4 | JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND | SEMIANNUAL REPORT |
Average annual total returns (%) with maximum sales charge | Cumulative total returns (%) with maximum sales charge | ||||||
1-year | 5-year | Since inception (12-30-11) | 6-month | 5-year | Since inception (12-30-11) | ||
Class A 1 | 38.51 | 5.26 | 6.83 | 29.68 | 29.23 | 85.29 | |
Class C1 | 43.70 | 5.60 | 6.89 | 35.16 | 31.33 | 86.28 | |
Class I1,2 | 46.15 | 6.67 | 7.65 | 36.77 | 38.12 | 98.99 | |
Class R21,2 | 45.71 | 6.25 | 7.37 | 36.48 | 35.39 | 94.22 | |
Class R41,2 | 46.04 | 6.52 | 7.55 | 36.65 | 37.16 | 97.33 | |
Class R61,2 | 46.29 | 6.78 | 7.73 | 36.90 | 38.82 | 100.39 | |
Class NAV1,2 | 46.36 | 6.77 | 7.73 | 36.83 | 38.75 | 100.29 | |
Index† | 39.88 | 8.87 | 8.29 | 28.84 | 52.96 | 110.26 |
Class A | Class C | Class I | Class R2 | Class R4 | Class R6 | Class NAV | |
Gross (%) | 1.23 | 1.98 | 0.98 | 1.37 | 1.22 | 0.87 | 0.86 |
Net (%) | 1.22 | 1.97 | 0.97 | 1.36 | 1.11 | 0.86 | 0.85 |
SEMIANNUAL REPORT | JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND | 5 |
Start date | With maximum sales charge ($) | Without sales charge ($) | Index ($) | |
Class C1,3 | 12-30-11 | 18,628 | 18,628 | 21,026 |
Class I1,2 | 12-30-11 | 19,899 | 19,899 | 21,026 |
Class R21,2 | 12-30-11 | 19,422 | 19,422 | 21,026 |
Class R41,2 | 12-30-11 | 19,733 | 19,733 | 21,026 |
Class R61,2 | 12-30-11 | 20,039 | 20,039 | 21,026 |
Class NAV1,2 | 12-30-11 | 20,029 | 20,029 | 21,026 |
1 | The fund is the successor to Robeco Boston Partners International Equity Fund (predecessor fund) and Class A, Class C, Class I, Class R2, Class R4, and Class R6 shares were first offered on 9-29-14. Class NAV shares were first offered on 4-13-15. Returns prior to this date are those of the predecessor fund’s institutional class shares, that have not been adjusted for class-specific expenses; otherwise, returns would vary. |
2 | For certain types of investors, as described in the fund's prospectuses. |
3 | The contingent deferred sales charge is not applicable. |
6 | JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND | 7 |
Account value on 11-1-2020 | Ending value on 4-30-2021 | Expenses paid during period ended 4-30-20211 | Annualized expense ratio | ||
Class A | Actual expenses/actual returns | $1,000.00 | $1,365.50 | $7.04 | 1.20% |
Hypothetical example | 1,000.00 | 1,018.80 | 6.01 | 1.20% | |
Class C | Actual expenses/actual returns | 1,000.00 | 1,361.60 | 11.42 | 1.95% |
Hypothetical example | 1,000.00 | 1,015.10 | 9.74 | 1.95% | |
Class I | Actual expenses/actual returns | 1,000.00 | 1,367.70 | 5.58 | 0.95% |
Hypothetical example | 1,000.00 | 1,020.10 | 4.76 | 0.95% | |
Class R2 | Actual expenses/actual returns | 1,000.00 | 1,364.80 | 7.56 | 1.29% |
Hypothetical example | 1,000.00 | 1,018.40 | 6.46 | 1.29% | |
Class R4 | Actual expenses/actual returns | 1,000.00 | 1,366.50 | 6.45 | 1.10% |
Hypothetical example | 1,000.00 | 1,019.30 | 5.51 | 1.10% | |
Class R6 | Actual expenses/actual returns | 1,000.00 | 1,369.00 | 4.93 | 0.84% |
Hypothetical example | 1,000.00 | 1,020.60 | 4.21 | 0.84% | |
Class NAV | Actual expenses/actual returns | 1,000.00 | 1,368.30 | 4.87 | 0.83% |
Hypothetical example | 1,000.00 | 1,020.70 | 4.16 | 0.83% |
1 | Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period). |
8 | JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND | SEMIANNUAL REPORT |
Shares | Value | ||||
Common stocks 95.6% | $2,179,410,508 | ||||
(Cost $1,829,772,893) | |||||
Australia 0.8% | 19,043,964 | ||||
Rio Tinto, Ltd. | 204,895 | 19,043,964 | |||
Austria 0.4% | 9,122,666 | ||||
ams AG (A) | 526,159 | 9,122,666 | |||
Bermuda 1.6% | 37,281,070 | ||||
Everest Re Group, Ltd. | 134,613 | 37,281,070 | |||
Canada 2.6% | 60,343,256 | ||||
Cenovus Energy, Inc. | 2,878,279 | 22,409,901 | |||
Enerplus Corp. | 975,165 | 5,244,145 | |||
Kinross Gold Corp. | 2,239,306 | 15,764,714 | |||
West Fraser Timber Company, Ltd. | 219,207 | 16,924,496 | |||
China 1.4% | 32,686,363 | ||||
Alibaba Group Holding, Ltd. (A) | 376,400 | 10,880,865 | |||
Angang Steel Company, Ltd., H Shares (B) | 19,536,000 | 13,430,192 | |||
Topsports International Holdings, Ltd. (C) | 6,222,000 | 8,375,306 | |||
Finland 2.7% | 61,184,412 | ||||
Metso Outotec OYJ | 1,783,249 | 20,033,191 | |||
Nordea Bank ABP | 1,796,841 | 18,623,506 | |||
Sampo OYJ, A Shares | 474,919 | 22,527,715 | |||
France 15.1% | 343,607,077 | ||||
Airbus SE (A) | 150,864 | 18,142,942 | |||
AXA SA (B) | 1,438,152 | 40,620,861 | |||
BNP Paribas SA (A) | 908,595 | 58,257,328 | |||
Capgemini SE | 118,362 | 21,689,583 | |||
Cie de Saint-Gobain | 361,026 | 22,779,095 | |||
Eiffage SA (A) | 337,376 | 36,955,526 | |||
Imerys SA | 348,367 | 18,108,402 | |||
Klepierre SA | 576,956 | 15,313,132 | |||
Rexel SA (A) | 643,645 | 12,652,356 | |||
Sanofi (B) | 521,625 | 54,688,654 | |||
TOTAL SE | 1,004,552 | 44,399,198 | |||
Germany 7.3% | 166,238,060 | ||||
Allianz SE | 137,490 | 35,694,893 | |||
Continental AG | 117,718 | 15,908,418 | |||
Deutsche Post AG | 361,935 | 21,317,048 | |||
Deutsche Telekom AG | 1,671,095 | 32,160,459 | |||
Hannover Rueck SE | 85,226 | 15,737,992 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND | 9 |
Shares | Value | ||||
Germany (continued) | |||||
HeidelbergCement AG | 145,879 | $13,367,439 | |||
Rheinmetall AG | 88,367 | 9,220,181 | |||
Siemens AG | 136,851 | 22,831,630 | |||
Greece 0.6% | 13,010,953 | ||||
Hellenic Telecommunications Organization SA | 767,259 | 13,010,953 | |||
Hong Kong 1.3% | 28,873,092 | ||||
CK Asset Holdings, Ltd. | 1,580,000 | 9,891,782 | |||
WH Group, Ltd. (C) | 21,785,000 | 18,981,310 | |||
India 0.3% | 7,602,961 | ||||
HDFC Bank, Ltd., ADR (A) | 108,181 | 7,602,961 | |||
Ireland 0.9% | 20,488,479 | ||||
CRH PLC | 432,934 | 20,488,479 | |||
Isle of Man 1.0% | 23,797,484 | ||||
Entain PLC (A) | 1,018,007 | 23,797,484 | |||
Italy 0.9% | 20,104,127 | ||||
Enel SpA | 2,024,712 | 20,104,127 | |||
Japan 18.7% | 425,316,851 | ||||
Fuji Corp. | 600,500 | 15,984,540 | |||
Hitachi, Ltd. | 509,900 | 25,238,890 | |||
Honda Motor Company, Ltd. | 1,234,200 | 36,803,637 | |||
KDDI Corp. | 353,900 | 10,698,205 | |||
Kinden Corp. | 453,100 | 7,714,230 | |||
Komatsu, Ltd. | 1,181,600 | 34,744,504 | |||
Kyudenko Corp. | 380,500 | 13,267,402 | |||
Mitsubishi Gas Chemical Company, Inc. | 697,700 | 16,120,150 | |||
NEC Corp. | 352,700 | 20,504,458 | |||
Nihon Unisys, Ltd. | 466,300 | 14,770,658 | |||
Persol Holdings Company, Ltd. | 462,200 | 8,511,986 | |||
Resona Holdings, Inc. | 5,877,600 | 24,195,957 | |||
Sanwa Holdings Corp. | 724,000 | 9,353,444 | |||
Sony Group Corp. | 272,000 | 27,194,269 | |||
Sumitomo Heavy Industries, Ltd. | 520,500 | 15,149,983 | |||
Sumitomo Mitsui Financial Group, Inc. | 1,294,300 | 45,467,102 | |||
Taisei Corp. | 408,400 | 15,089,672 | |||
Taiyo Yuden Company, Ltd. | 215,100 | 9,872,745 | |||
TechnoPro Holdings, Inc. | 185,200 | 13,619,823 | |||
Tosoh Corp. | 1,051,600 | 18,639,540 | |||
TS Tech Company, Ltd. | 799,400 | 11,145,805 | |||
Yamaha Motor Company, Ltd. | 849,500 | 21,225,271 | |||
Zenkoku Hosho Company, Ltd. | 222,900 | 10,004,580 |
10 | JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Macau 0.6% | $14,809,349 | ||||
Wynn Macau, Ltd. (A) | 7,722,000 | 14,809,349 | |||
Netherlands 4.3% | 97,131,237 | ||||
ING Groep NV | 2,373,489 | 30,321,446 | |||
Royal Dutch Shell PLC, A Shares | 1,918,510 | 36,099,049 | |||
Stellantis NV | 1,851,378 | 30,710,742 | |||
Norway 1.4% | 32,812,994 | ||||
DNB ASA | 708,261 | 15,189,540 | |||
Norsk Hydro ASA | 2,767,595 | 17,623,454 | |||
Singapore 0.6% | 14,257,921 | ||||
DBS Group Holdings, Ltd. | 636,200 | 14,257,921 | |||
South Korea 8.3% | 188,456,549 | ||||
Hana Financial Group, Inc. | 754,015 | 30,906,631 | |||
KB Financial Group, Inc. | 576,229 | 28,366,952 | |||
KT Corp., ADR | 953,076 | 12,008,758 | |||
POSCO | 56,200 | 18,366,988 | |||
Samsung Electronics Company, Ltd. | 566,617 | 41,298,151 | |||
SK Hynix, Inc. | 196,891 | 22,461,592 | |||
SK Telecom Company, Ltd. | 128,674 | 35,047,477 | |||
Spain 0.6% | 14,015,768 | ||||
Applus Services SA (A) | 1,324,732 | 14,015,768 | |||
Sweden 3.3% | 74,878,984 | ||||
Svenska Handelsbanken AB, A Shares | 2,165,186 | 25,073,429 | |||
Volvo AB, B Shares | 2,039,491 | 49,805,555 | |||
Switzerland 8.9% | 202,168,061 | ||||
Glencore PLC (A) | 10,586,570 | 43,123,390 | |||
Novartis AG | 521,535 | 44,505,917 | |||
Roche Holding AG | 152,313 | 49,677,776 | |||
STMicroelectronics NV | 628,966 | 23,492,781 | |||
UBS Group AG | 2,709,008 | 41,368,197 | |||
Taiwan 0.8% | 17,107,469 | ||||
Wiwynn Corp. | 526,000 | 17,107,469 | |||
United Kingdom 8.1% | 185,172,211 | ||||
BAE Systems PLC | 1,653,158 | 11,547,645 | |||
Coca-Cola European Partners PLC | 609,600 | 34,637,472 | |||
GlaxoSmithKline PLC | 825,594 | 15,256,715 | |||
IMI PLC | 1,041,922 | 22,895,733 | |||
JET2 PLC (A) | 423,362 | 8,732,425 | |||
Melrose Industries PLC | 6,830,562 | 15,376,864 | |||
Nomad Foods, Ltd. (A) | 442,809 | 12,912,310 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND | 11 |
Shares | Value | ||||
United Kingdom (continued) | |||||
Persimmon PLC | 410,073 | $17,739,904 | |||
Tesco PLC | 9,055,063 | 27,641,071 | |||
WH Smith PLC (A) | 737,693 | 18,432,072 | |||
United States 3.1% | 69,899,150 | ||||
Applied Materials, Inc. | 194,398 | 25,798,559 | |||
Envista Holdings Corp. (A) | 415,335 | 17,975,699 | |||
FMC Corp. | 220,948 | 26,124,892 | |||
Preferred securities 1.2% | $28,252,276 | ||||
(Cost $21,827,824) | |||||
Germany 1.2% | 28,252,276 | ||||
Volkswagen AG | 108,512 | 28,252,276 | |||
Yield (%) | Shares | Value | |||
Short-term investments 5.8% | $131,803,189 | ||||
(Cost $131,804,937) | |||||
Short-term funds 5.8% | 131,803,189 | ||||
Fidelity Institutional Money Market Government Portfolio, Institutional Class | 0.0100(D) | 58,510,404 | 58,510,404 | ||
John Hancock Collateral Trust (E) | 0.0360(D) | 7,325,909 | 73,292,785 |
Total investments (Cost $1,983,405,654) 102.6% | $2,339,465,973 | ||||
Other assets and liabilities, net (2.6%) | (59,666,535) | ||||
Total net assets 100.0% | $2,279,799,438 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | |
Security Abbreviations and Legend | |
ADR | American Depositary Receipt |
(A) | Non-income producing security. |
(B) | All or a portion of this security is on loan as of 4-30-21. |
(C) | These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. |
(D) | The rate shown is the annualized seven-day yield as of 4-30-21. |
(E) | Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |
12 | JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Assets | |
Unaffiliated investments, at value (Cost $1,910,111,121) including $63,215,277 of securities loaned | $2,266,173,188 |
Affiliated investments, at value (Cost $73,294,533) | 73,292,785 |
Total investments, at value (Cost $1,983,405,654) | 2,339,465,973 |
Foreign currency, at value (Cost $1,271,556) | 1,274,458 |
Dividends and interest receivable | 9,841,231 |
Receivable for fund shares sold | 2,545,808 |
Receivable for investments sold | 19,453,679 |
Receivable for securities lending income | 77,704 |
Other assets | 113,159 |
Total assets | 2,372,772,012 |
Liabilities | |
Due to custodian | 7,437,370 |
Payable for investments purchased | 10,029,138 |
Payable for fund shares repurchased | 1,834,508 |
Payable upon return of securities loaned | 73,294,547 |
Payable to affiliates | |
Accounting and legal services fees | 123,715 |
Transfer agent fees | 21,861 |
Distribution and service fees | 169 |
Trustees' fees | 1,320 |
Other liabilities and accrued expenses | 229,946 |
Total liabilities | 92,972,574 |
Net assets | $2,279,799,438 |
Net assets consist of | |
Paid-in capital | $2,276,255,111 |
Total distributable earnings (loss) | 3,544,327 |
Net assets | $2,279,799,438 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK Disciplined Value International Fund | 13 |
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 ($119,073,227 ÷ 8,350,760 shares)1 | $14.26 |
Class C ($6,791,013 ÷ 477,320 shares)1 | $14.23 |
Class I ($62,607,920 ÷ 4,384,434 shares) | $14.28 |
Class R2 ($884,258 ÷ 61,912 shares) | $14.28 |
Class R4 ($168,506 ÷ 11,810 shares) | $14.27 |
Class R6 ($408,724,639 ÷ 28,623,142 shares) | $14.28 |
Class NAV ($1,681,549,875 ÷ 117,796,886 shares) | $14.27 |
Maximum offering price per share | |
Class A (net asset value per share ÷ 95%)2 | $15.01 |
1 | Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
2 | On single retail sales of less than $50,000. On sales of $50,000 or more and on group sales the offering price is reduced. |
14 | JOHN HANCOCK Disciplined Value International Fund | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Investment income | |
Dividends | $40,786,078 |
Securities lending | 136,747 |
Interest | 2,488 |
Less foreign taxes withheld | (3,341,906) |
Total investment income | 37,583,407 |
Expenses | |
Investment management fees | 7,939,141 |
Distribution and service fees | 176,125 |
Accounting and legal services fees | 211,103 |
Transfer agent fees | 119,911 |
Trustees' fees | 16,548 |
Custodian fees | 255,422 |
State registration fees | 56,036 |
Printing and postage | 36,999 |
Professional fees | 53,075 |
Other | 50,038 |
Total expenses | 8,914,398 |
Less expense reductions | (85,740) |
Net expenses | 8,828,658 |
Net investment income | 28,754,749 |
Realized and unrealized gain (loss) | |
Net realized gain (loss) on | |
Unaffiliated investments and foreign currency transactions | 147,782,762 |
Affiliated investments | (10,080) |
147,772,682 | |
Change in net unrealized appreciation (depreciation) of | |
Unaffiliated investments and translation of assets and liabilities in foreign currencies | 428,284,394 |
Affiliated investments | 1,198 |
428,285,592 | |
Net realized and unrealized gain | 576,058,274 |
Increase in net assets from operations | $604,813,023 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK Disciplined Value International Fund | 15 |
Six months ended 4-30-21 (unaudited) | Year ended 10-31-20 | |
Increase (decrease) in net assets | ||
From operations | ||
Net investment income | $28,754,749 | $28,593,714 |
Net realized gain (loss) | 147,772,682 | (110,398,599) |
Change in net unrealized appreciation (depreciation) | 428,285,592 | (119,004,332) |
Increase (decrease) in net assets resulting from operations | 604,813,023 | (200,809,217) |
Distributions to shareholders | ||
From earnings | ||
Class A | (1,328,785) | (2,524,421) |
Class C | (38,994) | (151,746) |
Class I | (721,891) | (1,921,066) |
Class R2 | (8,248) | (20,292) |
Class R4 | (2,049) | (2,059) |
Class R6 | (5,417,908) | (4,774,446) |
Class NAV | (22,078,269) | (33,040,204) |
Total distributions | (29,596,144) | (42,434,234) |
From fund share transactions | ||
Fund share transactions | 24,147,422 | 5,100,183 |
Issued in reorganization | — | 212,735,649 |
From fund share transactions | 24,147,422 | 217,835,832 |
Total increase (decrease) | 599,364,301 | (25,407,619) |
Net assets | ||
Beginning of period | 1,680,435,137 | 1,705,842,756 |
End of period | $2,279,799,438 | $1,680,435,137 |
16 | JOHN HANCOCK Disciplined Value International Fund | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS A SHARES Period ended | 4-30-211 | 10-31-20 | 10-31-19 | 10-31-18 | 10-31-17 | 10-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $10.57 | $12.21 | $12.42 | $14.28 | $11.83 | $12.04 |
Net investment income2 | 0.16 | 0.16 | 0.25 | 0.20 | 0.12 | 0.293 |
Net realized and unrealized gain (loss) on investments | 3.69 | (1.53) | —4 | (1.71) | 2.47 | (0.39) |
Total from investment operations | 3.85 | (1.37) | 0.25 | (1.51) | 2.59 | (0.10) |
Less distributions | ||||||
From net investment income | (0.16) | (0.27) | (0.14) | (0.11) | (0.14) | (0.11) |
From net realized gain | — | — | (0.32) | (0.24) | — | — |
Total distributions | (0.16) | (0.27) | (0.46) | (0.35) | (0.14) | (0.11) |
Net asset value, end of period | $14.26 | $10.57 | $12.21 | $12.42 | $14.28 | $11.83 |
Total return (%)5,6 | 36.557 | (11.53) | 2.34 | (10.87) | 22.14 | (0.86) |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $119 | $91 | $114 | $124 | $129 | $36 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 1.218 | 1.23 | 1.28 | 1.31 | 1.36 | 1.53 |
Expenses including reductions | 1.208 | 1.23 | 1.27 | 1.29 | 1.34 | 1.37 |
Net investment income | 2.448 | 1.42 | 2.13 | 1.41 | 0.97 | 2.523 |
Portfolio turnover (%) | 47 | 999 | 96 | 95 | 849 | 63 |
1 | Six months ended 4-30-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Net investment income (loss) per share and ratio of net investment income (loss) to average net assets reflect a special dividend received by the fund, which amounted to $0.14 and 1.17%, respectively. |
4 | Less than $0.005 per share. |
5 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
6 | Does not reflect the effect of sales charges, if any. |
7 | Not annualized. |
8 | Annualized. |
9 | Excludes merger activity. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK Disciplined Value International Fund | 17 |
CLASS C SHARES Period ended | 4-30-211 | 10-31-20 | 10-31-19 | 10-31-18 | 10-31-17 | 10-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $10.51 | $12.16 | $12.35 | $14.21 | $11.78 | $11.98 |
Net investment income2 | 0.11 | 0.07 | 0.17 | 0.10 | 0.04 | 0.203 |
Net realized and unrealized gain (loss) on investments | 3.68 | (1.54) | —4 | (1.71) | 2.45 | (0.38) |
Total from investment operations | 3.79 | (1.47) | 0.17 | (1.61) | 2.49 | (0.18) |
Less distributions | ||||||
From net investment income | (0.07) | (0.18) | (0.04) | (0.01) | (0.06) | (0.02) |
From net realized gain | — | — | (0.32) | (0.24) | — | — |
Total distributions | (0.07) | (0.18) | (0.36) | (0.25) | (0.06) | (0.02) |
Net asset value, end of period | $14.23 | $10.51 | $12.16 | $12.35 | $14.21 | $11.78 |
Total return (%)5,6 | 36.167 | (12.30) | 1.67 | (11.52) | 21.22 | (1.42) |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $7 | $6 | $11 | $14 | $18 | $7 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 1.968 | 1.98 | 2.00 | 2.01 | 2.06 | 2.23 |
Expenses including reductions | 1.958 | 1.98 | 1.99 | 1.99 | 2.04 | 2.08 |
Net investment income | 1.648 | 0.63 | 1.44 | 0.71 | 0.32 | 1.713 |
Portfolio turnover (%) | 47 | 999 | 96 | 95 | 849 | 63 |
1 | Six months ended 4-30-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Net investment income (loss) per share and ratio of net investment income (loss) to average net assets reflect a special dividend received by the fund, which amounted to $0.14 and 1.17%, respectively. |
4 | Less than $0.005 per share. |
5 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
6 | Does not reflect the effect of sales charges, if any. |
7 | Not annualized. |
8 | Annualized. |
9 | Excludes merger activity. |
18 | JOHN HANCOCK Disciplined Value International Fund | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS I SHARES Period ended | 4-30-211 | 10-31-20 | 10-31-19 | 10-31-18 | 10-31-17 | 10-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $10.59 | $12.24 | $12.45 | $14.32 | $11.87 | $12.07 |
Net investment income2 | 0.18 | 0.19 | 0.27 | 0.24 | 0.18 | 0.253 |
Net realized and unrealized gain (loss) on investments | 3.69 | (1.54) | 0.024 | (1.72) | 2.44 | (0.30) |
Total from investment operations | 3.87 | (1.35) | 0.29 | (1.48) | 2.62 | (0.05) |
Less distributions | ||||||
From net investment income | (0.18) | (0.30) | (0.18) | (0.15) | (0.17) | (0.15) |
From net realized gain | — | — | (0.32) | (0.24) | — | — |
Total distributions | (0.18) | (0.30) | (0.50) | (0.39) | (0.17) | (0.15) |
Net asset value, end of period | $14.28 | $10.59 | $12.24 | $12.45 | $14.32 | $11.87 |
Total return (%)5 | 36.776 | (11.36) | 2.73 | (10.65) | 22.45 | (0.45) |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $63 | $42 | $88 | $303 | $357 | $201 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 0.967 | 0.98 | 1.01 | 1.02 | 1.05 | 1.21 |
Expenses including reductions | 0.957 | 0.98 | 0.98 | 0.98 | 1.03 | 1.08 |
Net investment income | 2.717 | 1.62 | 2.22 | 1.75 | 1.38 | 2.133 |
Portfolio turnover (%) | 47 | 998 | 96 | 95 | 848 | 63 |
1 | Six months ended 4-30-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Net investment income (loss) per share and ratio of net investment income (loss) to average net assets reflect a special dividend received by the fund, which amounted to $0.14 and 1.17%, respectively. |
4 | The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of the sales and repurchases of shares in relation to fluctuating market values of the investments of the fund. |
5 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
6 | Not annualized. |
7 | Annualized. |
8 | Excludes merger activity. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK Disciplined Value International Fund | 19 |
CLASS R2 SHARES Period ended | 4-30-211 | 10-31-20 | 10-31-19 | 10-31-18 | 10-31-17 | 10-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $10.58 | $12.22 | $12.42 | $14.29 | $11.85 | $12.05 |
Net investment income2 | 0.16 | 0.15 | 0.24 | 0.20 | 0.12 | 0.303 |
Net realized and unrealized gain (loss) on investments | 3.68 | (1.53) | 0.014 | (1.73) | 2.45 | (0.40) |
Total from investment operations | 3.84 | (1.38) | 0.25 | (1.53) | 2.57 | (0.10) |
Less distributions | ||||||
From net investment income | (0.14) | (0.26) | (0.13) | (0.10) | (0.13) | (0.10) |
From net realized gain | — | — | (0.32) | (0.24) | — | — |
Total distributions | (0.14) | (0.26) | (0.45) | (0.34) | (0.13) | (0.10) |
Net asset value, end of period | $14.28 | $10.58 | $12.22 | $12.42 | $14.29 | $11.85 |
Total return (%)5 | 36.486 | (11.61) | 2.32 | (11.01) | 21.92 | (0.87) |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $1 | $1 | $1 | $3 | $18 | $8 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 1.307 | 1.32 | 1.35 | 1.41 | 1.43 | 1.61 |
Expenses including reductions | 1.297 | 1.32 | 1.34 | 1.39 | 1.42 | 1.61 |
Net investment income | 2.377 | 1.30 | 1.98 | 1.39 | 0.94 | 2.573 |
Portfolio turnover (%) | 47 | 998 | 96 | 95 | 848 | 63 |
1 | Six months ended 4-30-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Net investment income (loss) per share and ratio of net investment income (loss) to average net assets reflect a special dividend received by the fund, which amounted to $0.14 and 1.17%, respectively. |
4 | The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of the sales and repurchases of shares in relation to fluctuating market values of the investments of the fund. |
5 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
6 | Not annualized. |
7 | Annualized. |
8 | Excludes merger activity. |
20 | JOHN HANCOCK Disciplined Value International Fund | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS R4 SHARES Period ended | 4-30-211 | 10-31-20 | 10-31-19 | 10-31-18 | 10-31-17 | 10-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $10.58 | $12.22 | $12.44 | $14.30 | $11.86 | $12.06 |
Net investment income2 | 0.17 | 0.18 | 0.22 | 0.20 | 0.16 | 0.333 |
Net realized and unrealized gain (loss) on investments | 3.69 | (1.54) | 0.044 | (1.69) | 2.45 | (0.40) |
Total from investment operations | 3.86 | (1.36) | 0.26 | (1.49) | 2.61 | (0.07) |
Less distributions | ||||||
From net investment income | (0.17) | (0.28) | (0.16) | (0.13) | (0.17) | (0.13) |
From net realized gain | — | — | (0.32) | (0.24) | — | — |
Total distributions | (0.17) | (0.28) | (0.48) | (0.37) | (0.17) | (0.13) |
Net asset value, end of period | $14.27 | $10.58 | $12.22 | $12.44 | $14.30 | $11.86 |
Total return (%)5 | 36.656 | (11.44) | 2.45 | (10.70) | 22.30 | (0.57) |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $—7 | $—7 | $—7 | $—7 | $—7 | $—7 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 1.218 | 1.21 | 1.25 | 1.25 | 1.26 | 1.37 |
Expenses including reductions | 1.108 | 1.11 | 1.14 | 1.13 | 1.14 | 1.37 |
Net investment income | 2.568 | 1.68 | 1.84 | 1.42 | 1.22 | 2.843 |
Portfolio turnover (%) | 47 | 999 | 96 | 95 | 849 | 63 |
1 | Six months ended 4-30-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Net investment income (loss) per share and ratio of net investment income (loss) to average net assets reflect a special dividend received by the fund, which amounted to $0.14 and 1.17%, respectively. |
4 | The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of the sales and repurchases of shares in relation to fluctuating market values of the investments of the fund. |
5 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
6 | Not annualized. |
7 | Less than $500,000. |
8 | Annualized. |
9 | Excludes merger activity. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK Disciplined Value International Fund | 21 |
CLASS R6 SHARES Period ended | 4-30-211 | 10-31-20 | 10-31-19 | 10-31-18 | 10-31-17 | 10-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $10.59 | $12.24 | $12.46 | $14.32 | $11.87 | $12.08 |
Net investment income2 | 0.19 | 0.20 | 0.31 | 0.26 | 0.18 | 0.343 |
Net realized and unrealized gain (loss) on investments | 3.70 | (1.54) | (0.01) | (1.71) | 2.46 | (0.39) |
Total from investment operations | 3.89 | (1.34) | 0.30 | (1.45) | 2.64 | (0.05) |
Less distributions | ||||||
From net investment income | (0.20) | (0.31) | (0.20) | (0.17) | (0.19) | (0.16) |
From net realized gain | — | — | (0.32) | (0.24) | — | — |
Total distributions | (0.20) | (0.31) | (0.52) | (0.41) | (0.19) | (0.16) |
Net asset value, end of period | $14.28 | $10.59 | $12.24 | $12.46 | $14.32 | $11.87 |
Total return (%)4 | 36.905 | (11.28) | 2.77 | (10.50) | 22.59 | (0.41) |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $409 | $287 | $186 | $219 | $140 | $46 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 0.856 | 0.87 | 0.89 | 0.92 | 0.95 | 1.12 |
Expenses including reductions | 0.846 | 0.86 | 0.88 | 0.88 | 0.92 | 0.95 |
Net investment income | 2.846 | 1.86 | 2.57 | 1.90 | 1.41 | 2.923 |
Portfolio turnover (%) | 47 | 997 | 96 | 95 | 847 | 63 |
1 | Six months ended 4-30-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Net investment income (loss) per share and ratio of net investment income (loss) to average net assets reflect a special dividend received by the fund, which amounted to $0.14 and 1.17%, respectively. |
4 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
5 | Not annualized. |
6 | Annualized. |
7 | Excludes merger activity. |
22 | JOHN HANCOCK Disciplined Value International Fund | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS NAV SHARES Period ended | 4-30-211 | 10-31-20 | 10-31-19 | 10-31-18 | 10-31-17 | 10-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $10.59 | $12.24 | $12.46 | $14.32 | $11.87 | $12.07 |
Net investment income2 | 0.19 | 0.20 | 0.32 | 0.23 | 0.17 | 0.343 |
Net realized and unrealized gain (loss) on investments | 3.69 | (1.54) | (0.02) | (1.69) | 2.47 | (0.38) |
Total from investment operations | 3.88 | (1.34) | 0.30 | (1.46) | 2.64 | (0.04) |
Less distributions | ||||||
From net investment income | (0.20) | (0.31) | (0.20) | (0.16) | (0.19) | (0.16) |
From net realized gain | — | — | (0.32) | (0.24) | — | — |
Total distributions | (0.20) | (0.31) | (0.52) | (0.40) | (0.19) | (0.16) |
Net asset value, end of period | $14.27 | $10.59 | $12.24 | $12.46 | $14.32 | $11.87 |
Total return (%)4 | 36.835 | (11.28) | 2.77 | (10.43) | 22.50 | (0.33) |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $1,682 | $1,254 | $1,305 | $794 | $327 | $91 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 0.846 | 0.86 | 0.88 | 0.90 | 0.94 | 1.10 |
Expenses including reductions | 0.836 | 0.85 | 0.87 | 0.88 | 0.92 | 0.95 |
Net investment income | 2.846 | 1.82 | 2.73 | 1.71 | 1.34 | 2.903 |
Portfolio turnover (%) | 47 | 997 | 96 | 95 | 847 | 63 |
1 | Six months ended 4-30-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Net investment income (loss) per share and ratio of net investment income (loss) to average net assets reflect a special dividend received by the fund, which amounted to $0.14 and 1.17%, respectively. |
4 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
5 | Not annualized. |
6 | Annualized. |
7 | Excludes merger activity. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK Disciplined Value International Fund | 23 |
24 | JOHN HANCOCK Disciplined Value International Fund | SEMIANNUAL REPORT |
Total value at 4-30-21 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
Common stocks | ||||
Australia | $19,043,964 | — | $19,043,964 | — |
Austria | 9,122,666 | — | 9,122,666 | — |
Bermuda | 37,281,070 | $37,281,070 | — | — |
Canada | 60,343,256 | 60,343,256 | — | — |
China | 32,686,363 | — | 32,686,363 | — |
Finland | 61,184,412 | — | 61,184,412 | — |
France | 343,607,077 | — | 343,607,077 | — |
Germany | 166,238,060 | — | 166,238,060 | — |
Greece | 13,010,953 | — | 13,010,953 | — |
Hong Kong | 28,873,092 | — | 28,873,092 | — |
India | 7,602,961 | 7,602,961 | — | — |
Ireland | 20,488,479 | — | 20,488,479 | — |
Isle of Man | 23,797,484 | — | 23,797,484 | — |
Italy | 20,104,127 | — | 20,104,127 | — |
Japan | 425,316,851 | — | 425,316,851 | — |
Macau | 14,809,349 | — | 14,809,349 | — |
Netherlands | 97,131,237 | — | 97,131,237 | — |
Norway | 32,812,994 | — | 32,812,994 | — |
Singapore | 14,257,921 | — | 14,257,921 | — |
South Korea | 188,456,549 | 12,008,758 | 176,447,791 | — |
Spain | 14,015,768 | — | 14,015,768 | — |
Sweden | 74,878,984 | — | 74,878,984 | — |
SEMIANNUAL REPORT | JOHN HANCOCK Disciplined Value International Fund | 25 |
Total value at 4-30-21 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Switzerland | $202,168,061 | — | $202,168,061 | — |
Taiwan | 17,107,469 | — | 17,107,469 | — |
United Kingdom | 185,172,211 | $47,549,782 | 137,622,429 | — |
United States | 69,899,150 | 69,899,150 | — | — |
Preferred securities | 28,252,276 | — | 28,252,276 | — |
Short-term investments | 131,803,189 | 131,803,189 | — | — |
Total investments in securities | $2,339,465,973 | $366,488,166 | $1,972,977,807 | — |
26 | JOHN HANCOCK Disciplined Value International Fund | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK Disciplined Value International Fund | 27 |
28 | JOHN HANCOCK Disciplined Value International Fund | SEMIANNUAL REPORT |
Class | Expense reduction |
Class A | $4,665 |
Class C | 286 |
Class I | 2,216 |
Class R2 | 33 |
Class | Expense reduction |
Class R4 | $7 |
Class R6 | 15,376 |
Class NAV | 63,077 |
Total | $85,660 |
SEMIANNUAL REPORT | JOHN HANCOCK Disciplined Value International Fund | 29 |
Class | Rule 12b-1 Fee | Service fee |
Class A | 0.25% | — |
Class C | 1.00% | — |
Class R2 | 0.25% | 0.25% |
Class R4 | 0.25% | 0.10% |
Class | Distribution and service fees | Transfer agent fees |
Class A | $139,690 | $66,030 |
Class C | 34,425 | 4,083 |
Class I | — | 31,307 |
Class R2 | 1,724 | 40 |
30 | JOHN HANCOCK Disciplined Value International Fund | SEMIANNUAL REPORT |
Class | Distribution and service fees | Transfer agent fees |
Class R4 | $286 | $8 |
Class R6 | — | 18,443 |
Total | $176,125 | $119,911 |
Borrower or Lender | Weighted Average Loan Balance | Days Outstanding | Weighted Average Interest Rate | Interest Income (Expense) |
Borrower | $11,730,000 | 1 | 0.670% | $(218) |
Lender | 10,000,000 | 1 | 0.670% | 186 |
Six Months Ended 4-30-21 | Year Ended 10-31-20 | |||
Shares | Amount | Shares | Amount | |
Class A shares | ||||
Sold | 432,463 | $5,809,239 | 1,517,988 | $16,653,118 |
Distributions reinvested | 102,331 | 1,317,001 | 202,693 | 2,503,255 |
Repurchased | (831,479) | (11,015,829) | (2,448,110) | (26,818,602) |
Net decrease | (296,685) | $(3,889,589) | (727,429) | $(7,662,229) |
Class C shares | ||||
Sold | 25,988 | $346,710 | 39,382 | $428,140 |
Distributions reinvested | 3,015 | 38,834 | 12,212 | 151,067 |
Repurchased | (139,089) | (1,829,421) | (333,010) | (3,708,294) |
Net decrease | (110,086) | $(1,443,877) | (281,416) | $(3,129,087) |
Class I shares | ||||
Sold | 766,012 | $10,590,861 | 1,888,735 | $19,154,631 |
Distributions reinvested | 55,898 | 719,959 | 155,250 | 1,917,338 |
Repurchased | (372,337) | (4,927,272) | (5,318,696) | (57,912,423) |
Net increase (decrease) | 449,573 | $6,383,548 | (3,274,711) | $(36,840,454) |
SEMIANNUAL REPORT | JOHN HANCOCK Disciplined Value International Fund | 31 |
Six Months Ended 4-30-21 | Year Ended 10-31-20 | |||
Shares | Amount | Shares | Amount | |
Class R2 shares | ||||
Sold | 7,065 | $97,644 | 16,813 | $188,455 |
Distributions reinvested | 615 | 7,938 | 1,389 | 17,186 |
Repurchased | (7,255) | (90,778) | (63,488) | (729,549) |
Net increase (decrease) | 425 | $14,804 | (45,286) | $(523,908) |
Class R4 shares | ||||
Sold | 392 | $5,239 | 6,082 | $63,621 |
Distributions reinvested | 159 | 2,049 | 167 | 2,059 |
Repurchased | (966) | (13,180) | (387) | (4,568) |
Net increase (decrease) | (415) | $(5,892) | 5,862 | $61,112 |
Class R6 shares | ||||
Sold | 3,451,468 | $46,237,555 | 7,725,997 | $88,518,617 |
Issued in reorganization (Note 9) | — | — | 8,101,537 | 90,399,381 |
Distributions reinvested | 420,967 | 5,417,840 | 386,854 | 4,773,778 |
Repurchased | (2,300,575) | (30,429,136) | (4,383,489) | (48,804,538) |
Net increase | 1,571,860 | $21,226,259 | 11,830,899 | $134,887,238 |
Class NAV shares | ||||
Sold | 9,497,798 | $130,669,984 | 13,228,617 | $144,298,555 |
Issued in reorganization (Note 9) | — | — | 10,965,962 | 122,336,268 |
Distributions reinvested | 1,715,483 | 22,078,269 | 2,677,488 | 33,040,204 |
Repurchased | (11,790,797) | (150,886,084) | (15,111,145) | (168,631,867) |
Net increase (decrease) | (577,516) | $1,862,169 | 11,760,922 | $131,043,160 |
Total net increase | 1,037,156 | $24,147,422 | 19,268,841 | $217,835,832 |
Portfolio | Affiliated Concentration |
JHF II Multimanager Lifestyle Growth Portfolio | 22.8% |
32 | JOHN HANCOCK Disciplined Value International Fund | SEMIANNUAL REPORT |
Portfolio | Affiliated Concentration |
JHF II Multimanager Lifestyle Balanced Portfolio | 14.8% |
JHF II Multimanager Lifestyle Aggressive Portfolio | 10.0% |
Dividends and distributions | |||||||||
Affiliate | Ending share amount | Beginning value | Cost of purchases | Proceeds from shares sold | Realized gain (loss) | Change in unrealized appreciation (depreciation) | Income distributions received | Capital gain distributions received | Ending value |
John Hancock Collateral Trust* | 7,325,909 | $23,714,935 | $326,862,326 | $(277,275,594) | $(10,080) | $1,198 | $136,747 | — | $73,292,785 |
* | Refer to the Securities lending note within Note 2 for details regarding this investment. |
Acquiring Fund | Acquired Fund | Net Asset Value of the Acquired Fund | Appreciation of the Acquired Fund’s Investments | Shares Redeemed by the Acquired Fund | Shares Issued by the Acquiring Fund | Acquiring Fund Net Assets Prior to Combination | Acquiring Fund Total Net Assets After Combination |
Disciplined Value International Fund | JHF II International Value Fund | $212,735,649 | $1,158,500 | 17,328,885 | 19,067,499 | $1,559,290,766 | $1,772,026,415 |
SEMIANNUAL REPORT | JOHN HANCOCK Disciplined Value International Fund | 33 |
34 | JOHN HANCOCK Disciplined Value International Fund | SEMIANNUAL REPORT |
• | The Fund’s investment strategy remained appropriate for an open-end fund structure; |
• | The Fund was able to meet requests for redemption without significant dilution of remaining investors’ interests in the Fund; |
• | The Fund did not report any breaches of the 15% limit on illiquid investments that would require reporting to the Securities and Exchange Commission; |
• | The Fund continued to qualify as a Primarily Highly Liquid Fund under the Liquidity Rule and therefore is not required to establish a HLIM; and |
• | The Chief Compliance Officer’s office performed audit testing of the LRMP which resulted in an assessment that the LRMP’s control environment was deemed to be operating effectively and in compliance with the Board approved procedures. |
SEMIANNUAL REPORT | JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND | 35 |
36 | JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND | SEMIANNUAL REPORT |
Steven R. Pruchansky, Vice Chairperson
Andrew G. Arnott†
Charles L. Bardelis*
James R. Boyle
Peter S. Burgess*
William H. Cunningham
Grace K. Fey
Marianne Harrison†
Deborah C. Jackson
Frances G. Rathke*,1
Gregory A. Russo
President
Chief Financial Officer
Treasurer
Secretary and Chief Legal Officer
Chief Compliance Officer
Christopher K. Hart, CFA
Joshua M. Jones, CFA
You can also contact us: | ||
800-225-5291 | Regular mail: | Express mail: |
jhinvestments.com | John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 | John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
SEMIANNUAL REPORT | JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND | 37 |
GOVERNANCE FUNDS
with a heritage of financial stewardship dating back to 1862. Helping
our shareholders pursue their financial goals is at the core of everything
we do. It’s why we support the role of professional financial advice
and operate with the highest standards of conduct and integrity.
We search the world to find proven portfolio teams with specialized
expertise for every strategy we offer, then we apply robust investment
oversight to ensure they continue to meet our uncompromising
standards and serve the best interests of our shareholders.
a diverse set of investments backed by some of the world’s best
managers, along with strong risk-adjusted returns across asset classes.
200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
MF1639931 | 455SA 4/21 |
President and CEO,
John Hancock Investment Management
Head of Wealth and Asset Management,
United States and Europe
SEMIANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND | 1 |
2 | JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND | SEMIANNUAL REPORT |
TOP 10 HOLDINGS AS OF 4/30/2021 (% of net assets) | |
Amazon.com, Inc. | 8.8 |
Apple, Inc. | 6.0 |
Alphabet, Inc., Class A | 5.9 |
Facebook, Inc., Class A | 5.8 |
Lennar Corp., A Shares | 4.8 |
Cheniere Energy, Inc. | 4.6 |
Workday, Inc., Class A | 3.8 |
Morgan Stanley | 3.7 |
Microsoft Corp. | 3.0 |
JPMorgan Chase & Co. | 3.0 |
TOTAL | 49.4 |
Cash and cash equivalents are not included. |
SEMIANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND | 3 |
Average annual total returns (%) with maximum sales charge | Cumulative total returns (%) with maximum sales charge | ||||||
1-year | 5-year | 10-year | 6-month | 5-year | 10-year | ||
Class A | 50.29 | 16.03 | 12.16 | 30.04 | 110.28 | 215.09 | |
Class C | 56.05 | 16.34 | 11.89 | 35.39 | 113.15 | 207.64 | |
Class I1 | 58.63 | 17.51 | 13.05 | 37.06 | 124.09 | 240.94 | |
Class R21,2 | 58.04 | 17.06 | 12.64 | 36.81 | 119.78 | 228.91 | |
Class R41 | 58.39 | 17.35 | 12.86 | 36.97 | 122.50 | 235.31 | |
Class R51 | 58.71 | 17.58 | 13.10 | 37.10 | 124.72 | 242.41 | |
Class R61,2 | 58.77 | 17.64 | 13.14 | 37.13 | 125.32 | 243.84 | |
Class NAV1,2 | 58.81 | 17.58 | 12.91 | 37.16 | 124.76 | 236.86 | |
Index† | 45.98 | 17.42 | 14.17 | 28.85 | 123.20 | 276.37 |
Class A | Class C | Class I | Class R2 | Class R4 | Class R5 | Class R6 | Class NAV | |
Gross (%) | 1.04 | 1.79 | 0.79 | 1.18 | 1.03 | 0.73 | 0.68 | 0.67 |
Net (%) | 1.03 | 1.78 | 0.78 | 1.17 | 0.92 | 0.72 | 0.67 | 0.66 |
4 | JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND | SEMIANNUAL REPORT |
Start date | With maximum sales charge ($) | Without sales charge ($) | Index ($) | |
Class C3 | 4-30-11 | 30,764 | 30,764 | 37,637 |
Class I1 | 4-30-11 | 34,094 | 34,094 | 37,637 |
Class R21,2 | 4-30-11 | 32,891 | 32,891 | 37,637 |
Class R41 | 4-30-11 | 33,531 | 33,531 | 37,637 |
Class R51 | 4-30-11 | 34,241 | 34,241 | 37,637 |
Class R61,2 | 4-30-11 | 34,384 | 34,384 | 37,637 |
Class NAV1,2 | 4-30-11 | 33,686 | 33,686 | 37,637 |
1 | For certain types of investors, as described in the fund's prospectuses. |
2 | Class R2 shares were first offered on 3-1-12; Class R6 shares were first offered on 9-1-11; Class NAV shares were first offered on 2-8-17. Returns prior to these dates are those of Class A shares that have not been adjusted for class-specific expenses; otherwise, returns would vary. |
3 | The contingent deferred sales charge is not applicable. |
SEMIANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND | 5 |
6 | JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND | SEMIANNUAL REPORT |
Account value on 11-1-2020 | Ending value on 4-30-2021 | Expenses paid during period ended 4-30-20211 | Annualized expense ratio | ||
Class A | Actual expenses/actual returns | $1,000.00 | $1,369.00 | $5.99 | 1.02% |
Hypothetical example | 1,000.00 | 1,019.70 | 5.11 | 1.02% | |
Class C | Actual expenses/actual returns | 1,000.00 | 1,363.90 | 10.37 | 1.77% |
Hypothetical example | 1,000.00 | 1,016.00 | 8.85 | 1.77% | |
Class I | Actual expenses/actual returns | 1,000.00 | 1,370.60 | 4.53 | 0.77% |
Hypothetical example | 1,000.00 | 1,021.00 | 3.86 | 0.77% | |
Class R2 | Actual expenses/actual returns | 1,000.00 | 1,368.10 | 6.75 | 1.15% |
Hypothetical example | 1,000.00 | 1,019.10 | 5.76 | 1.15% | |
Class R4 | Actual expenses/actual returns | 1,000.00 | 1,369.70 | 5.35 | 0.91% |
Hypothetical example | 1,000.00 | 1,020.30 | 4.56 | 0.91% | |
Class R5 | Actual expenses/actual returns | 1,000.00 | 1,371.00 | 4.12 | 0.70% |
Hypothetical example | 1,000.00 | 1,021.30 | 3.51 | 0.70% | |
Class R6 | Actual expenses/actual returns | 1,000.00 | 1,371.30 | 3.88 | 0.66% |
Hypothetical example | 1,000.00 | 1,021.50 | 3.31 | 0.66% | |
Class NAV | Actual expenses/actual returns | 1,000.00 | 1,371.60 | 3.82 | 0.65% |
Hypothetical example | 1,000.00 | 1,021.60 | 3.26 | 0.65% |
1 | Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period). |
SEMIANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND | 7 |
Shares | Value | ||||
Common stocks 99.6% | $5,995,385,469 | ||||
(Cost $2,885,550,428) | |||||
Communication services 18.6% | 1,122,384,132 | ||||
Entertainment 3.8% | |||||
Liberty Media Corp.-Liberty Formula One, Series C (A) | 3,114,224 | 146,181,675 | |||
The Walt Disney Company (A) | 445,199 | 82,815,918 | |||
Interactive media and services 12.3% | |||||
Alphabet, Inc., Class A (A) | 149,258 | 351,278,703 | |||
CarGurus, Inc. (A) | 1,551,781 | 38,297,955 | |||
Facebook, Inc., Class A (A) | 1,074,068 | 349,158,025 | |||
Media 2.5% | |||||
Comcast Corp., Class A | 1,204,145 | 67,612,742 | |||
Fox Corp., Class B | 2,392,499 | 87,039,114 | |||
Consumer discretionary 17.3% | 1,043,590,813 | ||||
Hotels, restaurants and leisure 0.1% | |||||
Airbnb, Inc., Class A (A) | 54,158 | 9,353,628 | |||
Household durables 4.8% | |||||
Lennar Corp., A Shares | 2,797,519 | 289,822,968 | |||
Internet and direct marketing retail 8.8% | |||||
Amazon.com, Inc. (A) | 152,006 | 527,068,645 | |||
Leisure products 1.6% | |||||
Polaris, Inc. | 670,942 | 93,952,008 | |||
Specialty retail 2.0% | |||||
CarMax, Inc. (A) | 926,100 | 123,393,564 | |||
Consumer staples 5.6% | 337,876,150 | ||||
Beverages 3.5% | |||||
Anheuser-Busch InBev SA/NV, ADR | 2,526,737 | 179,297,258 | |||
Diageo PLC, ADR | 168,001 | 30,130,979 | |||
Food and staples retailing 1.0% | |||||
Walmart, Inc. | 419,796 | 58,733,658 | |||
Food products 1.1% | |||||
Danone SA | 987,596 | 69,714,255 | |||
Energy 4.6% | 276,052,205 | ||||
Oil, gas and consumable fuels 4.6% | |||||
Cheniere Energy, Inc. (A) | 3,561,045 | 276,052,205 | |||
Financials 17.0% | 1,024,136,471 | ||||
Banks 7.4% | |||||
Bank of America Corp. | 4,405,290 | 178,546,404 |
8 | JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Financials (continued) | |||||
Banks (continued) | |||||
First Republic Bank | 18,686 | $3,424,023 | |||
JPMorgan Chase & Co. | 1,172,215 | 180,298,389 | |||
Wells Fargo & Company | 1,813,279 | 81,688,219 | |||
Capital markets 7.3% | |||||
Morgan Stanley | 2,663,852 | 219,900,983 | |||
State Street Corp. | 880,890 | 73,950,716 | |||
The Goldman Sachs Group, Inc. | 416,963 | 145,290,757 | |||
Consumer finance 2.3% | |||||
American Express Company | 605,783 | 92,896,823 | |||
Synchrony Financial | 1,100,598 | 48,140,157 | |||
Health care 6.4% | 384,339,091 | ||||
Biotechnology 1.7% | |||||
Alnylam Pharmaceuticals, Inc. (A) | 471,765 | 66,349,030 | |||
Moderna, Inc. (A) | 199,436 | 35,663,146 | |||
Health care equipment and supplies 1.4% | |||||
Danaher Corp. | 328,324 | 83,374,597 | |||
Health care providers and services 2.7% | |||||
UnitedHealth Group, Inc. | 400,444 | 159,697,067 | |||
Pharmaceuticals 0.6% | |||||
Bristol-Myers Squibb Company | 628,889 | 39,255,251 | |||
Industrials 7.0% | 423,248,520 | ||||
Aerospace and defense 4.2% | |||||
Airbus SE (A) | 490,150 | 58,945,561 | |||
General Dynamics Corp. | 385,247 | 73,285,537 | |||
Lockheed Martin Corp. | 250,367 | 95,279,666 | |||
Raytheon Technologies Corp. | 285,937 | 23,801,396 | |||
Building products 0.2% | |||||
Carrier Global Corp. | 282,219 | 12,299,104 | |||
Machinery 1.1% | |||||
Caterpillar, Inc. | 257,301 | 58,692,931 | |||
Otis Worldwide Corp. | 141,114 | 10,988,547 | |||
Road and rail 1.5% | |||||
Union Pacific Corp. | 405,042 | 89,955,778 | |||
Information technology 18.7% | 1,122,901,683 | ||||
IT services 1.2% | |||||
Visa, Inc., Class A | 294,372 | 68,753,524 | |||
Semiconductors and semiconductor equipment 3.1% | |||||
Analog Devices, Inc. | 419,227 | 64,208,807 | |||
Broadcom, Inc. | 81,313 | 37,094,991 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND | 9 |
Shares | Value | ||||
Information technology (continued) | |||||
Semiconductors and semiconductor equipment (continued) | |||||
KLA Corp. | 273,652 | $86,296,158 | |||
Software 8.4% | |||||
Adobe, Inc. (A) | 189,579 | 96,370,589 | |||
Microsoft Corp. | 720,897 | 181,795,805 | |||
Workday, Inc., Class A (A) | 920,816 | 227,441,552 | |||
Technology hardware, storage and peripherals 6.0% | |||||
Apple, Inc. | 2,745,628 | 360,940,257 | |||
Materials 0.9% | 53,191,129 | ||||
Chemicals 0.9% | |||||
LyondellBasell Industries NV, Class A | 512,735 | 53,191,129 | |||
Real estate 3.5% | 207,665,275 | ||||
Equity real estate investment trusts 3.5% | |||||
American Tower Corp. | 384,963 | 98,077,024 | |||
Crown Castle International Corp. | 579,648 | 109,588,251 | |||
Yield (%) | Shares | Value | |||
Short-term investments 0.4% | $20,354,727 | ||||
(Cost $20,354,727) | |||||
Short-term funds 0.2% | 9,742,727 | ||||
Federated Government Obligations Fund, Institutional Class | 0.0200(B) | 9,742,727 | 9,742,727 |
Par value^ | Value | ||||
Repurchase agreement 0.2% | 10,612,000 | ||||
Barclays Tri-Party Repurchase Agreement dated 4-30-21 at 0.010% to be repurchased at $10,612,009 on 5-3-21, collateralized by $10,113,000 U.S. Treasury Notes, 2.125% due 5-31-26 (valued at $10,824,300) | 10,612,000 | 10,612,000 |
Total investments (Cost $2,905,905,155) 100.0% | $6,015,740,196 | ||||
Other assets and liabilities, net 0.0% | 2,174,317 | ||||
Total net assets 100.0% | $6,017,914,513 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | |
^All par values are denominated in U.S. dollars unless otherwise indicated. | |
Security Abbreviations and Legend | |
ADR | American Depositary Receipt |
(A) | Non-income producing security. |
(B) | The rate shown is the annualized seven-day yield as of 4-30-21. |
10 | JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Assets | |
Unaffiliated investments, at value (Cost $2,905,905,155) | $6,015,740,196 |
Cash | 13,266,545 |
Dividends and interest receivable | 3,734,566 |
Receivable for fund shares sold | 3,340,443 |
Other assets | 261,015 |
Total assets | 6,036,342,765 |
Liabilities | |
Payable for fund shares repurchased | 13,945,555 |
Payable to affiliates | |
Investment management fees | 3,009,109 |
Accounting and legal services fees | 314,777 |
Transfer agent fees | 302,970 |
Distribution and service fees | 493,771 |
Trustees' fees | 3,570 |
Other liabilities and accrued expenses | 358,500 |
Total liabilities | 18,428,252 |
Net assets | $6,017,914,513 |
Net assets consist of | |
Paid-in capital | $2,815,904,181 |
Total distributable earnings (loss) | 3,202,010,332 |
Net assets | $6,017,914,513 |
Net asset value per share | |
Based on net asset value and shares outstanding - the fund has an unlimited number of shares authorized with no par value | |
Class A ($2,085,587,471 ÷ 30,057,109 shares)1 | $69.39 |
Class C ($88,156,691 ÷ 1,466,309 shares)1 | $60.12 |
Class I ($826,119,827 ÷ 11,327,970 shares) | $72.93 |
Class R2 ($8,526,815 ÷ 117,434 shares) | $72.61 |
Class R4 ($1,881,072 ÷ 25,936 shares) | $72.53 |
Class R5 ($771,145 ÷ 10,547 shares) | $73.12 |
Class R6 ($521,211,888 ÷ 7,125,767 shares) | $73.14 |
Class NAV ($2,485,659,604 ÷ 33,996,127 shares) | $73.12 |
Maximum offering price per share | |
Class A (net asset value per share ÷ 95%)2 | $73.04 |
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 Large Cap Core Fund | 11 |
Investment income | |
Dividends | $28,284,489 |
Interest | 26,537 |
Less foreign taxes withheld | (325,260) |
Total investment income | 27,985,766 |
Expenses | |
Investment management fees | 16,881,353 |
Distribution and service fees | 2,773,959 |
Accounting and legal services fees | 555,185 |
Transfer agent fees | 1,602,369 |
Trustees' fees | 46,544 |
Custodian fees | 275,231 |
State registration fees | 76,830 |
Printing and postage | 97,620 |
Professional fees | 87,645 |
Other | 90,771 |
Total expenses | 22,487,507 |
Less expense reductions | (230,755) |
Net expenses | 22,256,752 |
Net investment income | 5,729,014 |
Realized and unrealized gain (loss) | |
Net realized gain (loss) on | |
Unaffiliated investments and foreign currency transactions | 212,035,586 |
212,035,586 | |
Change in net unrealized appreciation (depreciation) of | |
Unaffiliated investments | 1,483,508,432 |
1,483,508,432 | |
Net realized and unrealized gain | 1,695,544,018 |
Increase in net assets from operations | $1,701,273,032 |
12 | JOHN HANCOCK Fundamental Large Cap Core Fund | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Six months ended 4-30-21 (unaudited) | Year ended 10-31-20 | |
Increase (decrease) in net assets | ||
From operations | ||
Net investment income | $5,729,014 | $30,226,413 |
Net realized gain | 212,035,586 | 278,205,291 |
Change in net unrealized appreciation (depreciation) | 1,483,508,432 | 157,376,933 |
Increase in net assets resulting from operations | 1,701,273,032 | 465,808,637 |
Distributions to shareholders | ||
From earnings | ||
Class A | (5,405,064) | (8,690,954) |
Class I | (3,472,209) | (6,159,077) |
Class R1 | — | (9,734)1 |
Class R2 | (13,648) | (6,332) |
Class R3 | — | (6,419)1 |
Class R4 | (5,881) | (8,395) |
Class R5 | (3,233) | (3,983) |
Class R6 | (2,527,442) | (3,343,608) |
Class NAV | (13,434,867) | (18,467,276) |
Total distributions | (24,862,344) | (36,695,778) |
From fund share transactions | (374,968,638) | (841,566,650) |
Total increase (decrease) | 1,301,442,050 | (412,453,791) |
Net assets | ||
Beginning of period | 4,716,472,463 | 5,128,926,254 |
End of period | $6,017,914,513 | $4,716,472,463 |
1 | Share class was redesignated during the period. Refer to Note 5 for further details. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK Fundamental Large Cap Core Fund | 13 |
CLASS A SHARES Period ended | 4-30-211 | 10-31-20 | 10-31-19 | 10-31-18 | 10-31-17 | 10-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $50.84 | $46.52 | $46.66 | $51.87 | $42.42 | $42.89 |
Net investment income2 | —3 | 0.20 | 0.24 | 0.16 | 0.24 | 0.23 |
Net realized and unrealized gain (loss) on investments | 18.73 | 4.38 | 4.82 | (1.10) | 10.71 | (0.07) |
Total from investment operations | 18.73 | 4.58 | 5.06 | (0.94) | 10.95 | 0.16 |
Less distributions | ||||||
From net investment income | (0.18) | (0.26) | (0.13) | (0.26) | (0.19) | (0.12) |
From net realized gain | — | — | (5.07) | (4.01) | (1.31) | (0.51) |
Total distributions | (0.18) | (0.26) | (5.20) | (4.27) | (1.50) | (0.63) |
Net asset value, end of period | $69.39 | $50.84 | $46.52 | $46.66 | $51.87 | $42.42 |
Total return (%)4,5 | 36.906 | 9.88 | 13.23 | (2.20) | 26.39 | 0.37 |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $2,086 | $1,550 | $1,550 | $1,511 | $1,620 | $1,519 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 1.037 | 1.04 | 1.03 | 1.03 | 1.04 | 1.06 |
Expenses including reductions | 1.027 | 1.03 | 1.02 | 1.02 | 1.04 | 1.05 |
Net investment income | —7,8 | 0.40 | 0.56 | 0.32 | 0.51 | 0.57 |
Portfolio turnover (%) | 8 | 19 | 299 | 479 | 549 | 2010 |
1 | Six months ended 4-30-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Less than $0.005 per share. |
4 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
5 | Does not reflect the effect of sales charges, if any. |
6 | Not annualized. |
7 | Annualized. |
8 | Less than 0.005%. |
9 | Excludes in-kind transactions. |
10 | Excludes merger activity. |
14 | JOHN HANCOCK Fundamental Large Cap Core Fund | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS C SHARES Period ended | 4-30-211 | 10-31-20 | 10-31-19 | 10-31-18 | 10-31-17 | 10-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $44.08 | $40.42 | $41.41 | $46.57 | $38.33 | $38.98 |
Net investment loss2 | (0.20) | (0.14) | (0.07) | (0.19) | (0.10) | (0.07) |
Net realized and unrealized gain (loss) on investments | 16.24 | 3.80 | 4.15 | (0.96) | 9.65 | (0.07) |
Total from investment operations | 16.04 | 3.66 | 4.08 | (1.15) | 9.55 | (0.14) |
Less distributions | ||||||
From net realized gain | — | — | (5.07) | (4.01) | (1.31) | (0.51) |
Net asset value, end of period | $60.12 | $44.08 | $40.42 | $41.41 | $46.57 | $38.33 |
Total return (%)3,4 | 36.395 | 9.05 | 12.38 | (2.93) | 25.44 | (0.37) |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $88 | $84 | $127 | $184 | $303 | $290 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 1.786 | 1.79 | 1.78 | 1.78 | 1.79 | 1.81 |
Expenses including reductions | 1.776 | 1.78 | 1.77 | 1.77 | 1.79 | 1.80 |
Net investment loss | (0.75)6 | (0.33) | (0.17) | (0.42) | (0.23) | (0.18) |
Portfolio turnover (%) | 8 | 19 | 297 | 477 | 547 | 208 |
1 | Six months ended 4-30-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Does not reflect the effect of sales charges, if any. |
5 | Not annualized. |
6 | Annualized. |
7 | Excludes in-kind transactions. |
8 | Excludes merger activity. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK Fundamental Large Cap Core Fund | 15 |
CLASS I SHARES Period ended | 4-30-211 | 10-31-20 | 10-31-19 | 10-31-18 | 10-31-17 | 10-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $53.47 | $48.89 | $48.78 | $54.05 | $44.13 | $44.58 |
Net investment income2 | 0.08 | 0.34 | 0.37 | 0.29 | 0.40 | 0.36 |
Net realized and unrealized gain (loss) on investments | 19.68 | 4.61 | 5.07 | (1.15) | 11.12 | (0.08) |
Total from investment operations | 19.76 | 4.95 | 5.44 | (0.86) | 11.52 | 0.28 |
Less distributions | ||||||
From net investment income | (0.30) | (0.37) | (0.26) | (0.40) | (0.29) | (0.22) |
From net realized gain | — | — | (5.07) | (4.01) | (1.31) | (0.51) |
Total distributions | (0.30) | (0.37) | (5.33) | (4.41) | (1.60) | (0.73) |
Net asset value, end of period | $72.93 | $53.47 | $48.89 | $48.78 | $54.05 | $44.13 |
Total return (%)3 | 37.064 | 10.16 | 13.51 | (1.97) | 26.73 | 0.63 |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $826 | $625 | $819 | $846 | $985 | $1,665 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 0.785 | 0.79 | 0.79 | 0.79 | 0.78 | 0.79 |
Expenses including reductions | 0.775 | 0.78 | 0.78 | 0.78 | 0.78 | 0.78 |
Net investment income | 0.255 | 0.66 | 0.81 | 0.56 | 0.82 | 0.84 |
Portfolio turnover (%) | 8 | 19 | 296 | 476 | 546 | 207 |
1 | Six months ended 4-30-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
6 | Excludes in-kind transactions. |
7 | Excludes merger activity. |
16 | JOHN HANCOCK Fundamental Large Cap Core Fund | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS R2 SHARES Period ended | 4-30-211 | 10-31-20 | 10-31-19 | 10-31-18 | 10-31-17 | 10-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $53.16 | $48.63 | $48.51 | $53.77 | $43.93 | $44.40 |
Net investment income (loss)2 | (0.04) | 0.13 | 0.19 | 0.12 | 0.18 | 0.18 |
Net realized and unrealized gain (loss) on investments | 19.59 | 4.59 | 5.06 | (1.18) | 11.10 | (0.08) |
Total from investment operations | 19.55 | 4.72 | 5.25 | (1.06) | 11.28 | 0.10 |
Less distributions | ||||||
From net investment income | (0.10) | (0.19) | (0.06) | (0.19) | (0.13) | (0.06) |
From net realized gain | — | — | (5.07) | (4.01) | (1.31) | (0.51) |
Total distributions | (0.10) | (0.19) | (5.13) | (4.20) | (1.44) | (0.57) |
Net asset value, end of period | $72.61 | $53.16 | $48.63 | $48.51 | $53.77 | $43.93 |
Total return (%)3 | 36.814 | 9.73 | 13.09 | (2.36) | 26.22 | 0.24 |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $9 | $7 | $2 | $2 | $3 | $3 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 1.165 | 1.17 | 1.18 | 1.18 | 1.18 | 1.20 |
Expenses including reductions | 1.155 | 1.17 | 1.17 | 1.18 | 1.18 | 1.19 |
Net investment income (loss) | (0.13)5 | 0.28 | 0.41 | 0.23 | 0.36 | 0.43 |
Portfolio turnover (%) | 8 | 19 | 296 | 476 | 546 | 207 |
1 | Six months ended 4-30-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
6 | Excludes in-kind transactions. |
7 | Excludes merger activity. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK Fundamental Large Cap Core Fund | 17 |
CLASS R4 SHARES Period ended | 4-30-211 | 10-31-20 | 10-31-19 | 10-31-18 | 10-31-17 | 10-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $53.15 | $48.61 | $48.51 | $53.76 | $43.91 | $44.37 |
Net investment income2 | 0.03 | 0.26 | 0.36 | 0.20 | 0.30 | 0.29 |
Net realized and unrealized gain (loss) on investments | 19.58 | 4.59 | 4.99 | (1.13) | 11.09 | (0.08) |
Total from investment operations | 19.61 | 4.85 | 5.35 | (0.93) | 11.39 | 0.21 |
Less distributions | ||||||
From net investment income | (0.23) | (0.31) | (0.18) | (0.31) | (0.23) | (0.16) |
From net realized gain | — | — | (5.07) | (4.01) | (1.31) | (0.51) |
Total distributions | (0.23) | (0.31) | (5.25) | (4.32) | (1.54) | (0.67) |
Net asset value, end of period | $72.53 | $53.15 | $48.61 | $48.51 | $53.76 | $43.91 |
Total return (%)3 | 36.974 | 10.00 | 13.35 | (2.10) | 26.53 | 0.47 |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $2 | $2 | $1 | $4 | $3 | $2 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 1.025 | 1.02 | 1.03 | 1.03 | 1.04 | 1.04 |
Expenses including reductions | 0.915 | 0.92 | 0.92 | 0.92 | 0.93 | 0.93 |
Net investment income | 0.115 | 0.51 | 0.77 | 0.39 | 0.61 | 0.69 |
Portfolio turnover (%) | 8 | 19 | 296 | 476 | 546 | 207 |
1 | Six months ended 4-30-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
6 | Excludes in-kind transactions. |
7 | Excludes merger activity. |
18 | JOHN HANCOCK Fundamental Large Cap Core Fund | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS R5 SHARES Period ended | 4-30-211 | 10-31-20 | 10-31-19 | 10-31-18 | 10-31-17 | 10-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $53.61 | $49.02 | $48.89 | $54.14 | $44.20 | $44.64 |
Net investment income2 | 0.10 | 0.36 | 0.40 | 0.34 | 0.38 | 0.38 |
Net realized and unrealized gain (loss) on investments | 19.74 | 4.63 | 5.08 | (1.17) | 11.18 | (0.08) |
Total from investment operations | 19.84 | 4.99 | 5.48 | (0.83) | 11.56 | 0.30 |
Less distributions | ||||||
From net investment income | (0.33) | (0.40) | (0.28) | (0.41) | (0.31) | (0.23) |
From net realized gain | — | — | (5.07) | (4.01) | (1.31) | (0.51) |
Total distributions | (0.33) | (0.40) | (5.35) | (4.42) | (1.62) | (0.74) |
Net asset value, end of period | $73.12 | $53.61 | $49.02 | $48.89 | $54.14 | $44.20 |
Total return (%)3 | 37.104 | 10.22 | 13.60 | (1.92) | 26.77 | 0.68 |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $1 | $1 | $—5 | $—5 | $2 | $1 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 0.716 | 0.73 | 0.73 | 0.73 | 0.74 | 0.75 |
Expenses including reductions | 0.706 | 0.72 | 0.72 | 0.72 | 0.73 | 0.74 |
Net investment income | 0.326 | 0.71 | 0.86 | 0.64 | 0.77 | 0.90 |
Portfolio turnover (%) | 8 | 19 | 297 | 477 | 547 | 208 |
1 | Six months ended 4-30-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Less than $500,000. |
6 | Annualized. |
7 | Excludes in-kind transactions. |
8 | Excludes merger activity. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK Fundamental Large Cap Core Fund | 19 |
CLASS R6 SHARES Period ended | 4-30-211 | 10-31-20 | 10-31-19 | 10-31-18 | 10-31-17 | 10-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $53.64 | $49.04 | $48.91 | $54.16 | $44.21 | $44.64 |
Net investment income2 | 0.11 | 0.39 | 0.45 | 0.34 | 0.28 | 0.40 |
Net realized and unrealized gain (loss) on investments | 19.74 | 4.63 | 5.05 | (1.15) | 11.31 | (0.07) |
Total from investment operations | 19.85 | 5.02 | 5.50 | (0.81) | 11.59 | 0.33 |
Less distributions | ||||||
From net investment income | (0.35) | (0.42) | (0.30) | (0.43) | (0.33) | (0.25) |
From net realized gain | — | — | (5.07) | (4.01) | (1.31) | (0.51) |
Total distributions | (0.35) | (0.42) | (5.37) | (4.44) | (1.64) | (0.76) |
Net asset value, end of period | $73.14 | $53.64 | $49.04 | $48.91 | $54.16 | $44.21 |
Total return (%)3 | 37.134 | 10.28 | 13.63 | (1.85) | 26.86 | 0.76 |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $521 | $386 | $397 | $963 | $975 | $12 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 0.675 | 0.68 | 0.68 | 0.68 | 0.69 | 0.70 |
Expenses including reductions | 0.665 | 0.67 | 0.67 | 0.67 | 0.68 | 0.68 |
Net investment income | 0.365 | 0.76 | 0.96 | 0.66 | 0.57 | 0.93 |
Portfolio turnover (%) | 8 | 19 | 296 | 476 | 546 | 207 |
1 | Six months ended 4-30-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
6 | Excludes in-kind transactions. |
7 | Excludes merger activity. |
20 | JOHN HANCOCK Fundamental Large Cap Core Fund | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS NAV SHARES Period ended | 4-30-211 | 10-31-20 | 10-31-19 | 10-31-18 | 10-31-172 |
Per share operating performance | |||||
Net asset value, beginning of period | $53.62 | $49.02 | $48.90 | $54.15 | $47.04 |
Net investment income3 | 0.12 | 0.40 | 0.42 | 0.33 | 0.35 |
Net realized and unrealized gain (loss) on investments | 19.74 | 4.63 | 5.07 | (1.13) | 6.76 |
Total from investment operations | 19.86 | 5.03 | 5.49 | (0.80) | 7.11 |
Less distributions | |||||
From net investment income | (0.36) | (0.43) | (0.30) | (0.44) | — |
From net realized gain | — | — | (5.07) | (4.01) | — |
Total distributions | (0.36) | (0.43) | (5.37) | (4.45) | — |
Net asset value, end of period | $73.12 | $53.62 | $49.02 | $48.90 | $54.15 |
Total return (%)4 | 37.165 | 10.30 | 13.65 | (1.85) | 15.115 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $2,486 | $2,063 | $2,218 | $1,671 | $1,152 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.666 | 0.67 | 0.67 | 0.67 | 0.686 |
Expenses including reductions | 0.656 | 0.66 | 0.66 | 0.66 | 0.676 |
Net investment income | 0.376 | 0.78 | 0.91 | 0.64 | 0.946 |
Portfolio turnover (%) | 8 | 19 | 297 | 477 | 547,8 |
1 | Six months ended 4-30-21. Unaudited. |
2 | The inception date for Class NAV shares is 2-8-17. |
3 | Based on average daily shares outstanding. |
4 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
5 | Not annualized. |
6 | Annualized. |
7 | Excludes in-kind transactions. |
8 | The portfolio turnover is shown for the period from 11-1-16 to 10-31-17. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK Fundamental Large Cap Core Fund | 21 |
22 | JOHN HANCOCK Fundamental Large Cap Core Fund | SEMIANNUAL REPORT |
Total value at 4-30-21 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
Common stocks | ||||
Communication services | $1,122,384,132 | $1,122,384,132 | — | — |
Consumer discretionary | 1,043,590,813 | 1,043,590,813 | — | — |
Consumer staples | 337,876,150 | 268,161,895 | $69,714,255 | — |
Energy | 276,052,205 | 276,052,205 | — | — |
Financials | 1,024,136,471 | 1,024,136,471 | — | — |
Health care | 384,339,091 | 384,339,091 | — | — |
Industrials | 423,248,520 | 364,302,959 | 58,945,561 | — |
Information technology | 1,122,901,683 | 1,122,901,683 | — | — |
Materials | 53,191,129 | 53,191,129 | — | — |
Real estate | 207,665,275 | 207,665,275 | — | — |
Short-term investments | 20,354,727 | 9,742,727 | 10,612,000 | — |
Total investments in securities | $6,015,740,196 | $5,876,468,380 | $139,271,816 | — |
SEMIANNUAL REPORT | JOHN HANCOCK Fundamental Large Cap Core Fund | 23 |
24 | JOHN HANCOCK Fundamental Large Cap Core Fund | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK Fundamental Large Cap Core Fund | 25 |
Class | Expense reduction |
Class A | $77,787 |
Class C | 3,532 |
Class I | 30,674 |
Class R2 | 347 |
Class R4 | 69 |
Class | Expense reduction |
Class R5 | $27 |
Class R6 | 19,234 |
Class NAV | 98,255 |
Total | $229,925 |
26 | JOHN HANCOCK Fundamental Large Cap Core Fund | SEMIANNUAL REPORT |
Class | Rule 12b-1 Fee | Service fee |
Class A | 0.25% | — |
Class C | 1.00% | — |
Class R2 | 0.25% | 0.25% |
Class R4 | 0.25% | 0.10% |
Class R5 | — | 0.05% |
SEMIANNUAL REPORT | JOHN HANCOCK Fundamental Large Cap Core Fund | 27 |
Class | Distribution and service fees | Transfer agent fees |
Class A | $2,326,183 | $1,095,400 |
Class C | 424,283 | 50,158 |
Class I | — | 432,610 |
Class R2 | 20,462 | 411 |
Class R4 | 2,896 | 86 |
Class R5 | 135 | 33 |
Class R6 | — | 23,671 |
Total | $2,773,959 | $1,602,369 |
Six Months Ended 4-30-21 | Year Ended 10-31-20 | |||
Shares | Amount | Shares | Amount | |
Class A shares | ||||
Sold | 1,307,201 | $79,445,888 | 2,831,061 | $133,985,057 |
Distributions reinvested | 86,670 | 5,109,150 | 169,649 | 8,252,431 |
Repurchased | (1,823,854) | (112,491,082) | (5,837,431) | (269,888,613) |
Net decrease | (429,983) | $(27,936,044) | (2,836,721) | $(127,651,125) |
Class B shares | ||||
Sold | — | — | 1,613 | $53,483 |
Repurchased | — | — | (171,543) | (7,461,712) |
Net decrease | — | — | (169,930) | $(7,408,229) |
Class C shares | ||||
Sold | 65,648 | $3,484,514 | 161,433 | $6,190,614 |
Repurchased | (499,338) | (25,899,032) | (1,403,067) | (58,161,115) |
Net decrease | (433,690) | $(22,414,518) | (1,241,634) | $(51,970,501) |
Class I shares | ||||
Sold | 841,903 | $55,631,088 | 2,698,348 | $125,424,854 |
Distributions reinvested | 46,317 | 2,867,016 | 103,273 | 5,271,078 |
Repurchased | (1,240,955) | (79,992,065) | (7,867,529) | (375,978,914) |
Net decrease | (352,735) | $(21,493,961) | (5,065,908) | $(245,282,982) |
28 | JOHN HANCOCK Fundamental Large Cap Core Fund | SEMIANNUAL REPORT |
Six Months Ended 4-30-21 | Year Ended 10-31-20 | |||
Shares | Amount | Shares | Amount | |
Class R1 shares | ||||
Sold | — | — | 42,997 | $2,117,756 |
Distributions reinvested | — | — | 147 | 7,374 |
Repurchased | — | — | (160,040) | (8,620,923) |
Net decrease | — | — | (116,896) | $(6,495,793) |
Class R2 shares | ||||
Sold | 10,686 | $689,578 | 115,053 | $6,453,246 |
Distributions reinvested | 198 | 12,230 | 112 | 5,702 |
Repurchased | (27,954) | (1,873,334) | (12,379) | (631,730) |
Net increase (decrease) | (17,070) | $(1,171,526) | 102,786 | $5,827,218 |
Class R3 shares | ||||
Sold | — | — | 2,878 | $142,383 |
Distributions reinvested | — | — | 126 | 6,346 |
Repurchased | — | — | (53,549) | (2,906,676) |
Net decrease | — | — | (50,545) | $(2,757,947) |
Class R4 shares | ||||
Sold | 809 | $54,096 | 3,473 | $168,412 |
Distributions reinvested | 96 | 5,881 | 165 | 8,395 |
Repurchased | (3,527) | (211,743) | (2,150) | (108,629) |
Net increase (decrease) | (2,622) | $(151,766) | 1,488 | $68,178 |
Class R5 shares | ||||
Sold | 817 | $54,773 | 1,590 | $82,405 |
Distributions reinvested | 52 | 3,233 | 78 | 3,983 |
Repurchased | (67) | (4,677) | (1,808) | (89,246) |
Net increase (decrease) | 802 | $53,329 | (140) | $(2,858) |
Class R6 shares | ||||
Sold | 823,387 | $54,398,591 | 1,831,436 | $91,863,847 |
Distributions reinvested | 40,435 | 2,509,807 | 64,964 | 3,322,886 |
Repurchased | (941,154) | (61,420,787) | (2,785,351) | (141,278,426) |
Net decrease | (77,332) | $(4,512,389) | (888,951) | $(46,091,693) |
Class NAV shares | ||||
Sold | 780,230 | $52,635,023 | 3,564,280 | $160,182,393 |
Distributions reinvested | 216,552 | 13,434,867 | 361,183 | 18,467,276 |
Repurchased | (5,470,964) | (363,411,653) | (10,693,110) | (538,450,587) |
Net decrease | (4,474,182) | $(297,341,763) | (6,767,647) | $(359,800,918) |
Total net decrease | (5,786,812) | $(374,968,638) | (17,034,098) | $(841,566,650) |
SEMIANNUAL REPORT | JOHN HANCOCK Fundamental Large Cap Core Fund | 29 |
Redesignation | Effective date | Amount |
Class R3 shares as Class R2 shares | October 9, 2020 | $1,230,959 |
Class B shares as Class A shares | October 14, 2020 | $3,593,081 |
Class R1 shares as Class R2 shares | October 23, 2020 | $4,358,310 |
Fund | Affiliated Concentration |
John Hancock Funds II Multimanager Lifestyle Growth Portfolio | 8.7% |
John Hancock Variable Insurance Trust Managed Volatility Growth Portfolio | 8.5% |
John Hancock Funds II Multimanager Lifestyle Balanced Portfolio | 5.8% |
John Hancock Variable Insurance Trust Managed Volatility Balanced Portfolio | 5.0% |
30 | JOHN HANCOCK Fundamental Large Cap Core Fund | SEMIANNUAL REPORT |
• | The Fund’s investment strategy remained appropriate for an open-end fund structure; |
• | The Fund was able to meet requests for redemption without significant dilution of remaining investors’ interests in the Fund; |
• | The Fund did not report any breaches of the 15% limit on illiquid investments that would require reporting to the Securities and Exchange Commission; |
• | The Fund continued to qualify as a Primarily Highly Liquid Fund under the Liquidity Rule and therefore is not required to establish a HLIM; and |
• | The Chief Compliance Officer’s office performed audit testing of the LRMP which resulted in an assessment that the LRMP’s control environment was deemed to be operating effectively and in compliance with the Board approved procedures. |
SEMIANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND | 31 |
32 | JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND | SEMIANNUAL REPORT |
Steven R. Pruchansky, Vice Chairperson
Andrew G. Arnott†
Charles L. Bardelis*
James R. Boyle
Peter S. Burgess*
William H. Cunningham
Grace K. Fey
Marianne Harrison†
Deborah C. Jackson
Frances G. Rathke*,1
Gregory A. Russo
President
Chief Financial Officer
Treasurer
Secretary and Chief Legal Officer
Chief Compliance Officer
Jonathan T. White, CFA
You can also contact us: | ||
800-225-5291 | Regular mail: | Express mail: |
jhinvestments.com | John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 | John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
SEMIANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND | 33 |
GOVERNANCE FUNDS
with a heritage of financial stewardship dating back to 1862. Helping
our shareholders pursue their financial goals is at the core of everything
we do. It’s why we support the role of professional financial advice
and operate with the highest standards of conduct and integrity.
We search the world to find proven portfolio teams with specialized
expertise for every strategy we offer, then we apply robust investment
oversight to ensure they continue to meet our uncompromising
standards and serve the best interests of our shareholders.
a diverse set of investments backed by some of the world’s best
managers, along with strong risk-adjusted returns across asset classes.
200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
MF1639972 | 50SA 4/21 |
President and CEO,
John Hancock Investment Management
Head of Wealth and Asset Management,
United States and Europe
SEMIANNUAL REPORT | JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND | 1 |
2 | JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND | SEMIANNUAL REPORT |
TOP 10 HOLDINGS AS OF 4/30/2021 (% of net assets) | |
UnitedHealth Group, Inc. | 3.4 |
Fidelity National Financial, Inc. | 3.3 |
Thermo Fisher Scientific, Inc. | 2.9 |
Applied Materials, Inc. | 2.9 |
Kering SA | 2.9 |
Samsung Electronics Company, Ltd. | 2.8 |
Hexagon AB, B Shares | 2.7 |
KLA Corp. | 2.6 |
Synopsys, Inc. | 2.6 |
The Toro Company | 2.5 |
TOTAL | 28.6 |
Cash and cash equivalents are not included. |
SEMIANNUAL REPORT | JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND | 3 |
TOP 10 COUNTRIES AS OF 4/30/2021 (% of net assets) | |
United States | 64.1 |
China | 8.4 |
France | 6.8 |
Sweden | 4.2 |
Germany | 4.0 |
United Kingdom | 3.1 |
South Korea | 2.8 |
Switzerland | 2.3 |
Ireland | 2.1 |
Netherlands | 1.7 |
TOTAL | 99.5 |
Cash and cash equivalents are not included. |
4 | JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND | SEMIANNUAL REPORT |
Average annual total returns (%) with maximum sales charge | Cumulative total returns (%) with maximum sales charge | |||
1-year | Since inception (12-14-18) | 6-month | Since inception (12-14-18) | |
Class A | 41.39 | 20.92 | 20.53 | 57.10 |
Class C | 46.62 | 22.64 | 25.38 | 62.48 |
Class I1 | 49.16 | 23.87 | 27.00 | 66.37 |
Class R61 | 49.22 | 23.98 | 27.08 | 66.73 |
Class NAV1 | 49.23 | 23.99 | 27.09 | 66.76 |
Index† | 45.75 | 19.87 | 28.29 | 53.89 |
Class A | Class C | Class I | Class R6 | Class NAV | |
Gross (%) | 1.33 | 2.08 | 1.08 | 0.97 | 0.96 |
Net (%) | 1.19 | 1.94 | 0.94 | 0.85 | 0.84 |
SEMIANNUAL REPORT | JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND | 5 |
Start date | With maximum sales charge ($) | Without sales charge ($) | Index ($) | |
Class C2 | 12-14-18 | 16,248 | 16,248 | 15,389 |
Class I1 | 12-14-18 | 16,637 | 16,637 | 15,389 |
Class R61 | 12-14-18 | 16,673 | 16,673 | 15,389 |
Class NAV1 | 12-14-18 | 16,676 | 16,676 | 15,389 |
1 | For certain types of investors, as described in the fund's prospectuses. |
2 | The contingent deferred sales charge is not applicable. |
6 | JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND | 7 |
Account value on 11-1-2020 | Ending value on 4-30-2021 | Expenses paid during period ended 4-30-20211 | Annualized expense ratio | ||
Class A | Actual expenses/actual returns | $1,000.00 | $1,268.70 | $6.69 | 1.19% |
Hypothetical example | 1,000.00 | 1,018.90 | 5.96 | 1.19% | |
Class C | Actual expenses/actual returns | 1,000.00 | 1,263.80 | 10.89 | 1.94% |
Hypothetical example | 1,000.00 | 1,015.20 | 9.69 | 1.94% | |
Class I | Actual expenses/actual returns | 1,000.00 | 1,270.00 | 5.29 | 0.94% |
Hypothetical example | 1,000.00 | 1,020.10 | 4.71 | 0.94% | |
Class R6 | Actual expenses/actual returns | 1,000.00 | 1,270.80 | 4.79 | 0.85% |
Hypothetical example | 1,000.00 | 1,020.60 | 4.26 | 0.85% | |
Class NAV | Actual expenses/actual returns | 1,000.00 | 1,270.90 | 4.73 | 0.84% |
Hypothetical example | 1,000.00 | 1,020.60 | 4.21 | 0.84% |
1 | Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period). |
8 | JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND | SEMIANNUAL REPORT |
Shares | Value | ||||
Common stocks 96.7% | $383,372,346 | ||||
(Cost $271,458,691) | |||||
China 8.4% | 33,410,890 | ||||
Alibaba Group Holding, Ltd., ADR (A) | 34,935 | 8,068,238 | |||
Baidu, Inc., ADR (A) | 28,000 | 5,889,240 | |||
NetEase, Inc., ADR | 52,320 | 5,862,979 | |||
Niu Technologies, ADR (A) | 57,078 | 2,132,434 | |||
Tencent Holdings, Ltd. | 96,300 | 7,682,047 | |||
Xinyi Solar Holdings, Ltd. | 2,264,000 | 3,775,952 | |||
France 6.8% | 26,796,409 | ||||
Kering SA (B) | 14,116 | 11,311,376 | |||
Schneider Electric SE (B) | 57,148 | 9,118,342 | |||
Worldline SA (A)(C) | 64,848 | 6,366,691 | |||
Germany 4.0% | 15,953,595 | ||||
HelloFresh SE (A) | 36,223 | 3,002,136 | |||
Siemens AG | 54,446 | 9,083,535 | |||
Vonovia SE | 58,868 | 3,867,924 | |||
Ireland 2.1% | 8,261,279 | ||||
Allegion PLC | 61,477 | 8,261,279 | |||
Netherlands 1.7% | 6,725,144 | ||||
NXP Semiconductors NV | 34,934 | 6,725,144 | |||
Sweden 4.2% | 16,568,783 | ||||
Hexagon AB, B Shares | 112,101 | 10,707,767 | |||
Telefonaktiebolaget LM Ericsson, B Shares | 426,748 | 5,861,016 | |||
Switzerland 2.3% | 9,072,025 | ||||
Roche Holding AG | 27,815 | 9,072,025 | |||
United Kingdom 3.1% | 12,424,569 | ||||
Bunzl PLC | 189,290 | 6,086,183 | |||
Capri Holdings, Ltd. (A) | 115,076 | 6,338,386 | |||
United States 64.1% | 254,159,652 | ||||
Alphabet, Inc., Class A (A) | 3,951 | 9,298,679 | |||
Amedisys, Inc. (A) | 9,475 | 2,556,829 | |||
Applied Materials, Inc. | 86,659 | 11,500,516 | |||
Arena Pharmaceuticals, Inc. (A) | 29,574 | 2,029,664 | |||
ASGN, Inc. (A) | 32,735 | 3,443,067 | |||
Blueprint Medicines Corp. (A) | 20,606 | 1,984,770 | |||
Boston Scientific Corp. (A) | 160,366 | 6,991,958 | |||
Citrix Systems, Inc. | 35,365 | 4,379,955 | |||
Comcast Corp., Class A | 141,424 | 7,940,958 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND | 9 |
Shares | Value | ||||
United States (continued) | |||||
D.R. Horton, Inc. | 72,642 | $7,139,982 | |||
Danaher Corp. | 17,372 | 4,411,446 | |||
Dropbox, Inc., Class A (A) | 163,536 | 4,202,875 | |||
Exelixis, Inc. (A) | 84,788 | 2,087,481 | |||
Facebook, Inc., Class A (A) | 19,498 | 6,338,410 | |||
Fidelity National Financial, Inc. | 285,996 | 13,047,138 | |||
Fidelity National Information Services, Inc. | 57,844 | 8,844,348 | |||
Fortune Brands Home & Security, Inc. | 77,273 | 8,112,120 | |||
Global Blood Therapeutics, Inc. (A) | 47,708 | 1,945,532 | |||
Global Payments, Inc. | 36,760 | 7,889,799 | |||
II-VI, Inc. (A) | 56,284 | 3,778,908 | |||
Intuit, Inc. | 10,003 | 4,122,836 | |||
KLA Corp. | 33,249 | 10,485,072 | |||
MAXIMUS, Inc. | 64,777 | 5,936,164 | |||
Microsoft Corp. | 33,359 | 8,412,473 | |||
Neurocrine Biosciences, Inc. (A) | 20,646 | 1,950,841 | |||
NextEra Energy, Inc. | 51,255 | 3,972,775 | |||
NVIDIA Corp. | 7,155 | 4,295,719 | |||
PayPal Holdings, Inc. (A) | 23,454 | 6,151,750 | |||
PTC, Inc. (A) | 36,721 | 4,808,248 | |||
Quest Diagnostics, Inc. | 70,840 | 9,342,379 | |||
Stanley Black & Decker, Inc. | 26,584 | 5,496,774 | |||
Synopsys, Inc. (A) | 41,506 | 10,254,472 | |||
The Toro Company | 86,220 | 9,880,812 | |||
Thermo Fisher Scientific, Inc. | 24,649 | 11,590,699 | |||
Tractor Supply Company | 22,156 | 4,178,622 | |||
TransUnion | 44,149 | 4,617,544 | |||
Turning Point Therapeutics, Inc. (A) | 27,523 | 2,098,078 | |||
UnitedHealth Group, Inc. | 34,183 | 13,632,178 | |||
Visa, Inc., Class A | 29,234 | 6,827,893 | |||
Zebra Technologies Corp., Class A (A) | 16,771 | 8,179,888 | |||
Preferred securities 2.8% | $11,009,653 | ||||
(Cost $5,594,423) | |||||
South Korea 2.8% | 11,009,653 | ||||
Samsung Electronics Company, Ltd. | 167,691 | 11,009,653 | |||
Yield (%) | Shares | Value | |||
Short-term investments 5.4% | $21,273,032 | ||||
(Cost $21,273,458) | |||||
Short-term funds 5.4% | 21,273,032 | ||||
John Hancock Collateral Trust (D) | 0.0360(E) | 2,126,325 | 21,273,032 |
10 | JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Total investments (Cost $298,326,572) 104.9% | $415,655,031 | ||||
Other assets and liabilities, net (4.9%) | (19,289,850) | ||||
Total net assets 100.0% | $396,365,181 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | |
Security Abbreviations and Legend | |
ADR | American Depositary Receipt |
(A) | Non-income producing security. |
(B) | All or a portion of this security is on loan as of 4-30-21. |
(C) | These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. |
(D) | Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |
(E) | The rate shown is the annualized seven-day yield as of 4-30-21. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND | 11 |
Assets | |
Unaffiliated investments, at value (Cost $277,053,114) including $20,260,402 of securities loaned | $394,381,999 |
Affiliated investments, at value (Cost $21,273,458) | 21,273,032 |
Total investments, at value (Cost $298,326,572) | 415,655,031 |
Cash | 3,038,638 |
Foreign currency, at value (Cost $61,338) | 61,272 |
Dividends and interest receivable | 470,605 |
Receivable for fund shares sold | 69,583 |
Receivable for securities lending income | 146 |
Receivable from affiliates | 620 |
Other assets | 50,701 |
Total assets | 419,346,596 |
Liabilities | |
Payable for investments purchased | 249,331 |
Payable for fund shares repurchased | 1,287,131 |
Payable upon return of securities loaned | 21,273,458 |
Payable to affiliates | |
Accounting and legal services fees | 21,108 |
Transfer agent fees | 193 |
Trustees' fees | 283 |
Other liabilities and accrued expenses | 149,911 |
Total liabilities | 22,981,415 |
Net assets | $396,365,181 |
Net assets consist of | |
Paid-in capital | $257,277,372 |
Total distributable earnings (loss) | 139,087,809 |
Net assets | $396,365,181 |
Net asset value per share | |
Based on net asset value and shares outstanding - the fund has an unlimited number of shares authorized with no par value | |
Class A ($1,173,575 ÷ 77,994 shares)1 | $15.05 |
Class C ($747,775 ÷ 50,189 shares)1 | $14.90 |
Class I ($151,041 ÷ 10,022 shares) | $15.07 |
Class R6 ($116,372 ÷ 7,719 shares) | $15.08 |
Class NAV ($394,176,418 ÷ 26,135,459 shares) | $15.08 |
Maximum offering price per share | |
Class A (net asset value per share ÷ 95%)2 | $15.84 |
1 | Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
2 | On single retail sales of less than $50,000. On sales of $50,000 or more and on group sales the offering price is reduced. |
12 | JOHN HANCOCK Global Thematic Opportunities Fund | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Investment income | |
Dividends | $2,549,357 |
Interest | 2,386 |
Securities lending | 1,239 |
Less foreign taxes withheld | (212,406) |
Total investment income | 2,340,576 |
Expenses | |
Investment management fees | 1,544,712 |
Distribution and service fees | 3,620 |
Accounting and legal services fees | 37,539 |
Transfer agent fees | 948 |
Trustees' fees | 3,582 |
Custodian fees | 58,243 |
State registration fees | 31,173 |
Printing and postage | 25,811 |
Professional fees | 29,349 |
Other | 24,627 |
Total expenses | 1,759,604 |
Less expense reductions | (175,534) |
Net expenses | 1,584,070 |
Net investment income | 756,506 |
Realized and unrealized gain (loss) | |
Net realized gain (loss) on | |
Unaffiliated investments and foreign currency transactions | 22,091,470 |
Affiliated investments | (320) |
22,091,150 | |
Change in net unrealized appreciation (depreciation) of | |
Unaffiliated investments and translation of assets and liabilities in foreign currencies | 65,791,811 |
Affiliated investments | (390) |
65,791,421 | |
Net realized and unrealized gain | 87,882,571 |
Increase in net assets from operations | $88,639,077 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK Global Thematic Opportunities Fund | 13 |
Six months ended 4-30-21 (unaudited) | Year ended 10-31-20 | |
Increase (decrease) in net assets | ||
From operations | ||
Net investment income | $756,506 | $2,655,395 |
Net realized gain | 22,091,150 | 19,126,512 |
Change in net unrealized appreciation (depreciation) | 65,791,421 | 7,705,710 |
Increase in net assets resulting from operations | 88,639,077 | 29,487,617 |
Distributions to shareholders | ||
From earnings | ||
Class A | (54,579) | (16,263) |
Class C | (21,456) | (2,882) |
Class I | (7,881) | (3,102) |
Class R6 | (6,028) | (2,907) |
Class NAV | (21,760,929) | (14,600,822) |
Total distributions | (21,850,873) | (14,625,976) |
From fund share transactions | (3,658,067) | (44,452,602) |
Total increase (decrease) | 63,130,137 | (29,590,961) |
Net assets | ||
Beginning of period | 333,235,044 | 362,826,005 |
End of period | $396,365,181 | $333,235,044 |
14 | JOHN HANCOCK Global Thematic Opportunities Fund | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS A SHARES Period ended | 4-30-211 | 10-31-20 | 10-31-192 |
Per share operating performance | |||
Net asset value, beginning of period | $12.56 | $12.04 | $10.00 |
Net investment income3 | —4 | 0.06 | 0.04 |
Net realized and unrealized gain (loss) on investments | 3.28 | 0.92 | 2.00 |
Total from investment operations | 3.28 | 0.98 | 2.04 |
Less distributions | |||
From net investment income | (0.05) | (0.06) | — |
From net realized gain | (0.74) | (0.40) | — |
Total distributions | (0.79) | (0.46) | — |
Net asset value, end of period | $15.05 | $12.56 | $12.04 |
Total return (%)5,6 | 26.877 | 8.30 | 20.407 |
Ratios and supplemental data | |||
Net assets, end of period (in millions) | $1 | $1 | $1 |
Ratios (as a percentage of average net assets): | |||
Expenses before reductions | 1.308 | 1.33 | 1.378 |
Expenses including reductions | 1.198 | 1.19 | 1.198 |
Net investment income | 0.068 | 0.48 | 0.398 |
Portfolio turnover (%) | 25 | 58 | 59 |
1 | Six months ended 4-30-21. Unaudited. |
2 | Period from 12-14-18 (commencement of operations) to 10-31-19. Unaudited. |
3 | Based on average daily shares outstanding. |
4 | Less than $0.005 per share. |
5 | Total returns would have been lower had certain expenses not been reduced during the period. |
6 | Does not reflect the effect of sales charges, if any. |
7 | Not annualized. |
8 | Annualized. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK Global Thematic Opportunities Fund | 15 |
CLASS C SHARES Period ended | 4-30-211 | 10-31-20 | 10-31-192 |
Per share operating performance | |||
Net asset value, beginning of period | $12.44 | $11.96 | $10.00 |
Net investment loss3 | (0.05) | (0.03) | (0.03) |
Net realized and unrealized gain (loss) on investments | 3.25 | 0.91 | 1.99 |
Total from investment operations | 3.20 | 0.88 | 1.96 |
Less distributions | |||
From net realized gain | (0.74) | (0.40) | — |
Net asset value, end of period | $14.90 | $12.44 | $11.96 |
Total return (%)4,5 | 26.386 | 7.50 | 19.606 |
Ratios and supplemental data | |||
Net assets, end of period (in millions) | $1 | $—7 | $—7 |
Ratios (as a percentage of average net assets): | |||
Expenses before reductions | 2.058 | 2.08 | 2.128 |
Expenses including reductions | 1.948 | 1.94 | 1.948 |
Net investment loss | (0.67)8 | (0.22) | (0.30)8 |
Portfolio turnover (%) | 25 | 58 | 59 |
1 | Six months ended 4-30-21. Unaudited. |
2 | Period from 12-14-18 (commencement of operations) to 10-31-19. Unaudited. |
3 | Based on average daily shares outstanding. |
4 | Total returns would have been lower had certain expenses not been reduced during the period. |
5 | Does not reflect the effect of sales charges, if any. |
6 | Not annualized. |
7 | Less than $500,000. |
8 | Annualized. |
16 | JOHN HANCOCK Global Thematic Opportunities Fund | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS I SHARES Period ended | 4-30-211 | 10-31-20 | 10-31-192 |
Per share operating performance | |||
Net asset value, beginning of period | $12.59 | $12.07 | $10.00 |
Net investment income3 | 0.02 | 0.08 | 0.07 |
Net realized and unrealized gain (loss) on investments | 3.28 | 0.93 | 2.00 |
Total from investment operations | 3.30 | 1.01 | 2.07 |
Less distributions | |||
From net investment income | (0.08) | (0.09) | — |
From net realized gain | (0.74) | (0.40) | — |
Total distributions | (0.82) | (0.49) | — |
Net asset value, end of period | $15.07 | $12.59 | $12.07 |
Total return (%)4 | 27.005 | 8.53 | 20.705 |
Ratios and supplemental data | |||
Net assets, end of period (in millions) | $—6 | $—6 | $—6 |
Ratios (as a percentage of average net assets): | |||
Expenses before reductions | 1.057 | 1.08 | 1.127 |
Expenses including reductions | 0.947 | 0.94 | 0.947 |
Net investment income | 0.337 | 0.69 | 0.737 |
Portfolio turnover (%) | 25 | 58 | 59 |
1 | Six months ended 4-30-21. Unaudited. |
2 | Period from 12-14-18 (commencement of operations) to 10-31-19. Unaudited. |
3 | Based on average daily shares outstanding. |
4 | Total returns would have been lower had certain expenses not been reduced during the period. |
5 | Not annualized. |
6 | Less than $500,000. |
7 | Annualized. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK Global Thematic Opportunities Fund | 17 |
CLASS R6 SHARES Period ended | 4-30-211 | 10-31-20 | 10-31-192 |
Per share operating performance | |||
Net asset value, beginning of period | $12.60 | $12.07 | $10.00 |
Net investment income3 | 0.03 | 0.09 | 0.08 |
Net realized and unrealized gain (loss) on investments | 3.28 | 0.94 | 1.99 |
Total from investment operations | 3.31 | 1.03 | 2.07 |
Less distributions | |||
From net investment income | (0.09) | (0.10) | — |
From net realized gain | (0.74) | (0.40) | — |
Total distributions | (0.83) | (0.50) | — |
Net asset value, end of period | $15.08 | $12.60 | $12.07 |
Total return (%)4 | 27.085 | 8.70 | 20.705 |
Ratios and supplemental data | |||
Net assets, end of period (in millions) | $—6 | $—6 | $—6 |
Ratios (as a percentage of average net assets): | |||
Expenses before reductions | 0.947 | 0.97 | 1.017 |
Expenses including reductions | 0.857 | 0.85 | 0.857 |
Net investment income | 0.407 | 0.79 | 0.827 |
Portfolio turnover (%) | 25 | 58 | 59 |
1 | Six months ended 4-30-21. Unaudited. |
2 | Period from 12-14-18 (commencement of operations) to 10-31-19. Unaudited. |
3 | Based on average daily shares outstanding. |
4 | Total returns would have been lower had certain expenses not been reduced during the period. |
5 | Not annualized. |
6 | Less than $500,000. |
7 | Annualized. |
18 | JOHN HANCOCK Global Thematic Opportunities Fund | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS NAV SHARES Period ended | 4-30-211 | 10-31-20 | 10-31-192 |
Per share operating performance | |||
Net asset value, beginning of period | $12.60 | $12.08 | $10.00 |
Net investment income3 | 0.03 | 0.09 | 0.09 |
Net realized and unrealized gain (loss) on investments | 3.29 | 0.93 | 1.99 |
Total from investment operations | 3.32 | 1.02 | 2.08 |
Less distributions | |||
From net investment income | (0.10) | (0.10) | — |
From net realized gain | (0.74) | (0.40) | — |
Total distributions | (0.84) | (0.50) | — |
Net asset value, end of period | $15.08 | $12.60 | $12.08 |
Total return (%)4 | 27.095 | 8.62 | 20.805 |
Ratios and supplemental data | |||
Net assets, end of period (in millions) | $394 | $332 | $362 |
Ratios (as a percentage of average net assets): | |||
Expenses before reductions | 0.936 | 0.96 | 1.006 |
Expenses including reductions | 0.846 | 0.84 | 0.846 |
Net investment income | 0.406 | 0.78 | 0.886 |
Portfolio turnover (%) | 25 | 58 | 59 |
1 | Six months ended 4-30-21. Unaudited. |
2 | Period from 12-14-18 (commencement of operations) to 10-31-19. Unaudited. |
3 | Based on average daily shares outstanding. |
4 | Total returns would have been lower had certain expenses not been reduced during the period. |
5 | Not annualized. |
6 | Annualized. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK Global Thematic Opportunities Fund | 19 |
20 | JOHN HANCOCK Global Thematic Opportunities Fund | SEMIANNUAL REPORT |
Total value at 4-30-21 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
Common stocks | ||||
China | $33,410,890 | $21,952,891 | $11,457,999 | — |
France | 26,796,409 | — | 26,796,409 | — |
Germany | 15,953,595 | — | 15,953,595 | — |
Ireland | 8,261,279 | 8,261,279 | — | — |
Netherlands | 6,725,144 | 6,725,144 | — | — |
Sweden | 16,568,783 | — | 16,568,783 | — |
Switzerland | 9,072,025 | — | 9,072,025 | — |
United Kingdom | 12,424,569 | 6,338,386 | 6,086,183 | — |
United States | 254,159,652 | 254,159,652 | — | — |
Preferred securities | 11,009,653 | — | 11,009,653 | — |
Short-term investments | 21,273,032 | 21,273,032 | — | — |
Total investments in securities | $415,655,031 | $318,710,384 | $96,944,647 | — |
SEMIANNUAL REPORT | JOHN HANCOCK Global Thematic Opportunities Fund | 21 |
22 | JOHN HANCOCK Global Thematic Opportunities Fund | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK Global Thematic Opportunities Fund | 23 |
24 | JOHN HANCOCK Global Thematic Opportunities Fund | SEMIANNUAL REPORT |
Class | Expense reduction |
Class A | $554 |
Class C | 264 |
Class I | 76 |
Class | Expense reduction |
Class R6 | $48 |
Class NAV | 174,592 |
Total | $175,534 |
Class | Rule 12b-1 Fee |
Class A | 0.25% |
Class C | 1.00% |
SEMIANNUAL REPORT | JOHN HANCOCK Global Thematic Opportunities Fund | 25 |
Class | Distribution and service fees | Transfer agent fees |
Class A | $1,271 | $589 |
Class C | 2,349 | 274 |
Class I | — | 80 |
Class R6 | — | 5 |
Total | $3,620 | $948 |
Six Months Ended 4-30-21 | Year Ended 10-31-20 | |||
Shares | Amount | Shares | Amount | |
Class A shares | ||||
Sold | 17,229 | $240,650 | 42,174 | $519,812 |
Distributions reinvested | 4,043 | 54,579 | 1,343 | 16,263 |
Repurchased | (10,577) | (149,646) | (20,600) | (232,873) |
Net increase | 10,695 | $145,583 | 22,917 | $303,202 |
Class C shares | ||||
Sold | 26,364 | $383,894 | 31,037 | $366,424 |
Distributions reinvested | 1,326 | 17,762 | 71 | 860 |
Repurchased | (5,056) | (70,402) | (10,679) | (110,665) |
Net increase | 22,634 | $331,254 | 20,429 | $256,619 |
Class I shares | ||||
Sold | 3,367 | $46,232 | — | — |
Distributions reinvested | 279 | 3,763 | 54 | $649 |
Net increase | 3,646 | $49,995 | 54 | $649 |
Class R6 shares | ||||
Sold | 429 | $6,000 | 1,357 | $16,000 |
Distributions reinvested | 137 | 1,856 | 33 | 402 |
Net increase | 566 | $7,856 | 1,390 | $16,402 |
26 | JOHN HANCOCK Global Thematic Opportunities Fund | SEMIANNUAL REPORT |
Six Months Ended 4-30-21 | Year Ended 10-31-20 | |||
Shares | Amount | Shares | Amount | |
Class NAV shares | ||||
Sold | 126,222 | $1,811,866 | 154,062 | $1,450,645 |
Distributions reinvested | 1,610,727 | 21,760,929 | 1,204,688 | 14,600,822 |
Repurchased | (1,935,880) | (27,765,550) | (4,997,169) | (61,080,941) |
Net decrease | (198,931) | $(4,192,755) | (3,638,419) | $(45,029,474) |
Total net decrease | (161,390) | $(3,658,067) | (3,593,629) | $(44,452,602) |
Portfolio | Affiliated Concentration |
John Hancock Funds II Multimanager Lifestyle Growth Portfolio | 50.1% |
John Hancock Funds II Multimanager Lifestyle Balanced Portfolio | 25.8% |
John Hancock Funds II Multimanager Lifestyle Aggressive Portfolio | 23.5% |
SEMIANNUAL REPORT | JOHN HANCOCK Global Thematic Opportunities Fund | 27 |
Dividends and distributions | |||||||||
Affiliate | Ending share amount | Beginning value | Cost of purchases | Proceeds from shares sold | Realized gain (loss) | Change in unrealized appreciation (depreciation) | Income distributions received | Capital gain distributions received | Ending value |
John Hancock Collateral Trust* | 2,126,325 | $3,637,851 | $25,620,347 | $(7,984,456) | $(320) | $(390) | $1,239 | — | $21,273,032 |
* | Refer to the Securities lending note within Note 2 for details regarding this investment. |
28 | JOHN HANCOCK Global Thematic Opportunities Fund | SEMIANNUAL REPORT |
• | The Fund’s investment strategy remained appropriate for an open-end fund structure; |
• | The Fund was able to meet requests for redemption without significant dilution of remaining investors’ interests in the Fund; |
• | The Fund did not report any breaches of the 15% limit on illiquid investments that would require reporting to the Securities and Exchange Commission; |
• | The Fund continued to qualify as a Primarily Highly Liquid Fund under the Liquidity Rule and therefore is not required to establish a HLIM; and |
• | The Chief Compliance Officer’s office performed audit testing of the LRMP which resulted in an assessment that the LRMP’s control environment was deemed to be operating effectively and in compliance with the Board approved procedures. |
SEMIANNUAL REPORT | JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND | 29 |
30 | JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND | SEMIANNUAL REPORT |
Steven R. Pruchansky, Vice Chairperson
Andrew G. Arnott†
Charles L. Bardelis*
James R. Boyle
Peter S. Burgess*
William H. Cunningham
Grace K. Fey
Marianne Harrison†
Deborah C. Jackson
Frances G. Rathke*,1
Gregory A. Russo
President
Chief Financial Officer
Treasurer
Secretary and Chief Legal Officer
Chief Compliance Officer
Gertjan Van Der Geer
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 GLOBAL THEMATIC OPPORTUNITIES FUND | 31 |
GOVERNANCE FUNDS
with a heritage of financial stewardship dating back to 1862. Helping
our shareholders pursue their financial goals is at the core of everything
we do. It’s why we support the role of professional financial advice
and operate with the highest standards of conduct and integrity.
We search the world to find proven portfolio teams with specialized
expertise for every strategy we offer, then we apply robust investment
oversight to ensure they continue to meet our uncompromising
standards and serve the best interests of our shareholders.
a diverse set of investments backed by some of the world’s best
managers, along with strong risk-adjusted returns across asset classes.
200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
MF1639977 | 471SA 4/21 |
President and CEO,
John Hancock Investment Management
Head of Wealth and Asset Management,
United States and Europe
SEMIANNUAL REPORT | JOHN HANCOCK INFRASTRUCTURE FUND | 1 |
2 | JOHN HANCOCK INFRASTRUCTURE FUND | SEMIANNUAL REPORT |
TOP 10 HOLDINGS AS OF 4/30/2021 (% of net assets) | |
China Longyuan Power Group Corp., Ltd., H Shares | 5.2 |
Cellnex Telecom SA | 4.7 |
Comcast Corp., Class A | 4.1 |
Engie SA | 3.9 |
Vinci SA | 3.8 |
Charter Communications, Inc., Class A | 3.8 |
Iberdrola SA | 3.5 |
American Electric Power Company, Inc. | 3.5 |
Exelon Corp. | 3.4 |
Medical Properties Trust, Inc. | 3.4 |
TOTAL | 39.3 |
Cash and cash equivalents are not included. |
SEMIANNUAL REPORT | JOHN HANCOCK INFRASTRUCTURE FUND | 3 |
TOP 10 COUNTRIES AS OF 4/30/2021 (% of net assets) | |
United States | 43.3 |
China | 11.1 |
Canada | 9.0 |
Spain | 8.2 |
France | 7.7 |
South Korea | 3.4 |
United Kingdom | 3.2 |
Germany | 3.2 |
Japan | 3.1 |
Italy | 3.0 |
TOTAL | 95.2 |
Cash and cash equivalents are not included. |
4 | JOHN HANCOCK INFRASTRUCTURE FUND | SEMIANNUAL REPORT |
Average annual total returns (%) with maximum sales charge | Cumulative total returns (%) with maximum sales charge | SEC 30-day yield (%) subsidized | SEC 30-day yield (%) unsubsidized† | ||||||
1-year | 5-year | Since inception (12-20-13) | 6-month | 5-year | Since inception (12-20-13) | as of 4-30-21 | as of 4-30-21 | ||
Class A | 20.61 | 7.85 | 6.91 | 15.47 | 45.88 | 63.53 | 1.16 | 1.15 | |
Class C1 | 25.06 | 8.19 | 6.94 | 20.07 | 48.21 | 63.84 | 0.54 | 0.53 | |
Class I2 | 27.31 | 9.26 | 7.97 | 21.69 | 55.74 | 75.86 | 1.51 | 1.51 | |
Class R62 | 27.47 | 9.38 | 8.10 | 21.80 | 56.57 | 77.38 | 1.63 | 1.62 | |
Class NAV2 | 27.48 | 9.39 | 8.11 | 21.80 | 56.62 | 77.57 | 1.64 | 1.63 | |
Index†† | 45.75 | 13.85 | 10.09 | 28.29 | 91.29 | 102.88 | — | — |
Class A | Class C | Class I | Class R6 | Class NAV | |
Gross (%) | 1.32 | 2.02 | 1.02 | 0.91 | 0.90 |
Net (%) | 1.31 | 2.01 | 1.00 | 0.90 | 0.89 |
SEMIANNUAL REPORT | JOHN HANCOCK INFRASTRUCTURE FUND | 5 |
Start date | With maximum sales charge ($) | Without sales charge ($) | Index ($) | |
Class C1,3 | 12-20-13 | 16,384 | 16,384 | 20,288 |
Class I2 | 12-20-13 | 17,586 | 17,586 | 20,288 |
Class R62 | 12-20-13 | 17,738 | 17,738 | 20,288 |
Class NAV2 | 12-20-13 | 17,757 | 17,757 | 20,288 |
1 | Class C shares were first offered on 5-16-14. Returns prior to this date are those of Class A shares that have not been adjusted for class-specific expenses; otherwise, returns would vary. |
2 | For certain types of investors, as described in the fund's prospectuses. |
3 | The contingent deferred sales charge is not applicable. |
6 | JOHN HANCOCK INFRASTRUCTURE FUND | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK INFRASTRUCTURE FUND | 7 |
Account value on 11-1-2020 | Ending value on 4-30-2021 | Expenses paid during period ended 4-30-20211 | Annualized expense ratio | ||
Class A | Actual expenses/actual returns | $1,000.00 | $1,215.40 | $7.14 | 1.30% |
Hypothetical example | 1,000.00 | 1,018.30 | 6.51 | 1.30% | |
Class C | Actual expenses/actual returns | 1,000.00 | 1,210.70 | 10.96 | 2.00% |
Hypothetical example | 1,000.00 | 1,014.90 | 9.99 | 2.00% | |
Class I | Actual expenses/actual returns | 1,000.00 | 1,216.90 | 5.50 | 1.00% |
Hypothetical example | 1,000.00 | 1,019.80 | 5.01 | 1.00% | |
Class R6 | Actual expenses/actual returns | 1,000.00 | 1,218.00 | 4.89 | 0.89% |
Hypothetical example | 1,000.00 | 1,020.40 | 4.46 | 0.89% | |
Class NAV | Actual expenses/actual returns | 1,000.00 | 1,218.00 | 4.84 | 0.88% |
Hypothetical example | 1,000.00 | 1,020.40 | 4.41 | 0.88% |
1 | Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period). |
8 | JOHN HANCOCK INFRASTRUCTURE FUND | SEMIANNUAL REPORT |
Shares | Value | ||||
Common stocks 98.0% | $552,565,905 | ||||
(Cost $463,343,787) | |||||
Brazil 1.2% | 6,850,880 | ||||
Cia de Saneamento Basico do Estado de Sao Paulo | 869,900 | 6,850,880 | |||
Canada 9.0% | 50,501,314 | ||||
Canadian National Railway Company | 165,168 | 17,781,948 | |||
Enbridge, Inc. | 429,944 | 16,583,529 | |||
TC Energy Corp. | 326,153 | 16,135,837 | |||
China 11.1% | 62,460,799 | ||||
China Longyuan Power Group Corp., Ltd., H Shares | 19,948,925 | 29,335,504 | |||
ENN Energy Holdings, Ltd. | 1,008,305 | 17,206,292 | |||
Shanghai International Airport Company, Ltd., Class A | 2,101,000 | 15,919,003 | |||
France 7.7% | 43,463,467 | ||||
Engie SA | 1,463,393 | 21,797,888 | |||
Vinci SA (A) | 197,445 | 21,665,579 | |||
Germany 3.2% | 18,201,714 | ||||
E.ON SE | 1,509,535 | 18,201,714 | |||
Hong Kong 1.6% | 8,922,874 | ||||
Beijing Enterprises Holdings, Ltd. | 2,421,010 | 7,897,320 | |||
Guangdong Investment, Ltd. | 666,106 | 1,025,554 | |||
Italy 3.0% | 16,720,301 | ||||
Enel SpA | 1,683,931 | 16,720,301 | |||
Japan 3.1% | 17,663,059 | ||||
KDDI Corp. | 584,300 | 17,663,059 | |||
South Korea 3.4% | 18,955,053 | ||||
SK Telecom Company, Ltd. | 69,592 | 18,955,053 | |||
Spain 8.2% | 46,490,181 | ||||
Cellnex Telecom SA (B)(C) | 474,548 | 26,842,361 | |||
Iberdrola SA | 1,453,892 | 19,647,820 | |||
United Kingdom 3.2% | 18,295,354 | ||||
National Grid PLC | 1,451,374 | 18,295,354 | |||
United States 43.3% | 244,040,909 | ||||
American Electric Power Company, Inc. | 219,629 | 19,483,289 | |||
American Tower Corp. | 53,940 | 13,742,294 | |||
Avangrid, Inc. (A) | 283,318 | 14,420,886 | |||
Berkshire Hathaway, Inc., Class B (C) | 65,442 | 17,993,278 | |||
CenterPoint Energy, Inc. | 120,254 | 2,945,020 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INFRASTRUCTURE FUND | 9 |
Shares | Value | ||||
United States (continued) | |||||
Charter Communications, Inc., Class A (C) | 31,695 | $21,344,998 | |||
Comcast Corp., Class A | 409,954 | 23,018,917 | |||
Duke Energy Corp. | 177,201 | 17,842,369 | |||
Edison International | 287,470 | 17,090,092 | |||
Exelon Corp. | 433,388 | 19,476,457 | |||
FirstEnergy Corp. | 433,869 | 16,452,312 | |||
Medical Properties Trust, Inc. | 873,125 | 19,252,406 | |||
Pinnacle West Capital Corp. | 153,563 | 12,999,108 | |||
Sempra Energy | 113,838 | 15,660,694 | |||
UGI Corp. | 281,830 | 12,318,789 | |||
Yield (%) | Shares | Value | |||
Short-term investments 5.5% | $30,908,717 | ||||
(Cost $30,909,298) | |||||
Short-term funds 3.6% | 20,008,717 | ||||
John Hancock Collateral Trust (D) | 0.0360(E) | 1,999,952 | 20,008,717 |
Par value^ | Value | ||||
Repurchase agreement 1.9% | 10,900,000 | ||||
Royal Bank of Scotland Tri-Party Repurchase Agreement dated 4-30-21 at 0.010% to be repurchased at $10,900,009 on 5-3-21, collateralized by $11,822,100 U.S. Treasury Bonds, 2.000% due 2-15-50 (valued at $11,118,004) | 10,900,000 | 10,900,000 |
Total investments (Cost $494,253,085) 103.5% | $583,474,622 | ||||
Other assets and liabilities, net (3.5%) | (19,668,176) | ||||
Total net assets 100.0% | $563,806,446 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | |
^All par values are denominated in U.S. dollars unless otherwise indicated. | |
Security Abbreviations and Legend | |
(A) | All or a portion of this security is on loan as of 4-30-21. |
(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) | Non-income producing security. |
(D) | Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |
(E) | The rate shown is the annualized seven-day yield as of 4-30-21. |
10 | JOHN HANCOCK INFRASTRUCTURE FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Assets | |
Unaffiliated investments, at value (Cost $474,243,787) including $19,057,970 of securities loaned | $563,465,905 |
Affiliated investments, at value (Cost $20,009,298) | 20,008,717 |
Total investments, at value (Cost $494,253,085) | 583,474,622 |
Cash | 41,790 |
Foreign currency, at value (Cost $188,784) | 188,569 |
Dividends and interest receivable | 860,042 |
Receivable for fund shares sold | 4,244,275 |
Receivable for investments sold | 36,961 |
Receivable for securities lending income | 3,186 |
Other assets | 68,372 |
Total assets | 588,917,817 |
Liabilities | |
Payable for investments purchased | 4,356,960 |
Payable for fund shares repurchased | 534,452 |
Payable upon return of securities loaned | 20,009,310 |
Payable to affiliates | |
Accounting and legal services fees | 27,182 |
Transfer agent fees | 41,717 |
Trustees' fees | 321 |
Other liabilities and accrued expenses | 141,429 |
Total liabilities | 25,111,371 |
Net assets | $563,806,446 |
Net assets consist of | |
Paid-in capital | $472,424,575 |
Total distributable earnings (loss) | 91,381,871 |
Net assets | $563,806,446 |
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 ($48,493,641 ÷ 3,358,549 shares)1 | $14.44 |
Class C ($9,188,829 ÷ 644,224 shares)1 | $14.26 |
Class I ($362,262,189 ÷ 25,064,191 shares) | $14.45 |
Class R6 ($62,915,454 ÷ 4,344,296 shares) | $14.48 |
Class NAV ($80,946,333 ÷ 5,590,336 shares) | $14.48 |
Maximum offering price per share | |
Class A (net asset value per share ÷ 95%)2 | $15.20 |
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 Infrastructure Fund | 11 |
Investment income | |
Dividends | $5,475,414 |
Non-cash dividends | 554,945 |
Securities lending | 6,477 |
Interest | 3,123 |
Less foreign taxes withheld | (323,931) |
Total investment income | 5,716,028 |
Expenses | |
Investment management fees | 1,860,488 |
Distribution and service fees | 95,314 |
Accounting and legal services fees | 48,513 |
Transfer agent fees | 205,619 |
Trustees' fees | 4,250 |
Custodian fees | 63,767 |
State registration fees | 40,684 |
Printing and postage | 55,133 |
Professional fees | 50,046 |
Other | 18,777 |
Total expenses | 2,442,591 |
Less expense reductions | (20,155) |
Net expenses | 2,422,436 |
Net investment income | 3,293,592 |
Realized and unrealized gain (loss) | |
Net realized gain (loss) on | |
Unaffiliated investments and foreign currency transactions | 5,688,608 |
Affiliated investments | (159) |
5,688,449 | |
Change in net unrealized appreciation (depreciation) of | |
Unaffiliated investments and translation of assets and liabilities in foreign currencies | 83,049,444 |
Affiliated investments | (581) |
83,048,863 | |
Net realized and unrealized gain | 88,737,312 |
Increase in net assets from operations | $92,030,904 |
12 | JOHN HANCOCK Infrastructure Fund | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Six months ended 4-30-21 (unaudited) | Year ended 10-31-20 | |
Increase (decrease) in net assets | ||
From operations | ||
Net investment income | $3,293,592 | $7,837,849 |
Net realized gain | 5,688,449 | 2,337,964 |
Change in net unrealized appreciation (depreciation) | 83,048,863 | (35,235,237) |
Increase (decrease) in net assets resulting from operations | 92,030,904 | (25,059,424) |
Distributions to shareholders | ||
From earnings | ||
Class A | (337,665) | (1,346,751) |
Class C | (45,764) | (242,056) |
Class I | (2,958,752) | (11,580,741) |
Class R6 | (633,232) | (2,756,978) |
Class NAV | (895,945) | (4,071,591) |
Total distributions | (4,871,358) | (19,998,117) |
From fund share transactions | 62,420,234 | 82,379,611 |
Total increase | 149,579,780 | 37,322,070 |
Net assets | ||
Beginning of period | 414,226,666 | 376,904,596 |
End of period | $563,806,446 | $414,226,666 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK Infrastructure Fund | 13 |
CLASS A SHARES Period ended | 4-30-211 | 10-31-20 | 10-31-19 | 10-31-18 | 10-31-17 | 10-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $11.99 | $13.39 | $11.60 | $12.20 | $10.89 | $10.70 |
Net investment income2 | 0.07 | 0.19 | 0.21 | 0.20 | 0.24 | 0.19 |
Net realized and unrealized gain (loss) on investments | 2.50 | (1.00) | 2.02 | (0.58) | 1.31 | 0.20 |
Total from investment operations | 2.57 | (0.81) | 2.23 | (0.38) | 1.55 | 0.39 |
Less distributions | ||||||
From net investment income | (0.06) | (0.19) | (0.20) | (0.18) | (0.24) | (0.20) |
From net realized gain | (0.06) | (0.40) | (0.24) | (0.04) | — | — |
Total distributions | (0.12) | (0.59) | (0.44) | (0.22) | (0.24) | (0.20) |
Net asset value, end of period | $14.44 | $11.99 | $13.39 | $11.60 | $12.20 | $10.89 |
Total return (%)3,4 | 21.545 | (6.23) | 19.69 | (3.20) | 14.35 | 3.64 |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $48 | $33 | $24 | $5 | $5 | $3 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 1.316 | 1.32 | 1.35 | 1.46 | 1.69 | 1.75 |
Expenses including reductions | 1.306 | 1.31 | 1.31 | 1.36 | 1.49 | 1.68 |
Net investment income | 1.076 | 1.55 | 1.66 | 1.65 | 2.06 | 1.79 |
Portfolio turnover (%) | 17 | 34 | 26 | 19 | 14 | 35 |
1 | Six months ended 4-30-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the period. |
4 | Does not reflect the effect of sales charges, if any. |
5 | Not annualized. |
6 | Annualized. |
14 | JOHN HANCOCK Infrastructure Fund | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS C SHARES Period ended | 4-30-211 | 10-31-20 | 10-31-19 | 10-31-18 | 10-31-17 | 10-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $11.86 | $13.26 | $11.50 | $12.11 | $10.81 | $10.64 |
Net investment income2 | 0.02 | 0.11 | 0.12 | 0.11 | 0.15 | 0.12 |
Net realized and unrealized gain (loss) on investments | 2.47 | (1.00) | 2.01 | (0.58) | 1.31 | 0.19 |
Total from investment operations | 2.49 | (0.89) | 2.13 | (0.47) | 1.46 | 0.31 |
Less distributions | ||||||
From net investment income | (0.03) | (0.11) | (0.13) | (0.10) | (0.16) | (0.14) |
From net realized gain | (0.06) | (0.40) | (0.24) | (0.04) | — | — |
Total distributions | (0.09) | (0.51) | (0.37) | (0.14) | (0.16) | (0.14) |
Net asset value, end of period | $14.26 | $11.86 | $13.26 | $11.50 | $12.11 | $10.81 |
Total return (%)3,4 | 21.075 | (6.92) | 18.93 | (3.90) | 13.57 | 2.94 |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $9 | $6 | $6 | $1 | $1 | $1 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 2.016 | 2.02 | 2.05 | 2.16 | 2.39 | 2.45 |
Expenses including reductions | 2.006 | 2.01 | 2.01 | 2.06 | 2.19 | 2.36 |
Net investment income | 0.376 | 0.89 | 0.94 | 0.91 | 1.32 | 1.11 |
Portfolio turnover (%) | 17 | 34 | 26 | 19 | 14 | 35 |
1 | Six months ended 4-30-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the period. |
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 Infrastructure Fund | 15 |
CLASS I SHARES Period ended | 4-30-211 | 10-31-20 | 10-31-19 | 10-31-18 | 10-31-17 | 10-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $12.00 | $13.41 | $11.61 | $12.21 | $10.91 | $10.71 |
Net investment income2 | 0.09 | 0.23 | 0.26 | 0.28 | 0.18 | 0.24 |
Net realized and unrealized gain (loss) on investments | 2.50 | (1.01) | 2.02 | (0.63) | 1.40 | 0.18 |
Total from investment operations | 2.59 | (0.78) | 2.28 | (0.35) | 1.58 | 0.42 |
Less distributions | ||||||
From net investment income | (0.08) | (0.23) | (0.24) | (0.21) | (0.28) | (0.22) |
From net realized gain | (0.06) | (0.40) | (0.24) | (0.04) | — | — |
Total distributions | (0.14) | (0.63) | (0.48) | (0.25) | (0.28) | (0.22) |
Net asset value, end of period | $14.45 | $12.00 | $13.41 | $11.61 | $12.21 | $10.91 |
Total return (%)3 | 21.694 | (5.99) | 20.13 | (2.89) | 14.60 | 3.98 |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $362 | $246 | $213 | $61 | $1 | $4 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 1.015 | 1.02 | 1.05 | 1.18 | 1.38 | 1.44 |
Expenses including reductions | 1.005 | 1.00 | 1.00 | 1.02 | 1.17 | 1.26 |
Net investment income | 1.375 | 1.85 | 2.08 | 2.38 | 1.61 | 2.21 |
Portfolio turnover (%) | 17 | 34 | 26 | 19 | 14 | 35 |
1 | Six months ended 4-30-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the period. |
4 | Not annualized. |
5 | Annualized. |
16 | JOHN HANCOCK Infrastructure Fund | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS R6 SHARES Period ended | 4-30-211 | 10-31-20 | 10-31-19 | 10-31-18 | 10-31-17 | 10-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $12.02 | $13.43 | $11.63 | $12.23 | $10.92 | $10.72 |
Net investment income2 | 0.10 | 0.25 | 0.27 | 0.24 | 0.28 | 0.25 |
Net realized and unrealized gain (loss) on investments | 2.51 | (1.02) | 2.02 | (0.58) | 1.32 | 0.18 |
Total from investment operations | 2.61 | (0.77) | 2.29 | (0.34) | 1.60 | 0.43 |
Less distributions | ||||||
From net investment income | (0.09) | (0.24) | (0.25) | (0.22) | (0.29) | (0.23) |
From net realized gain | (0.06) | (0.40) | (0.24) | (0.04) | — | — |
Total distributions | (0.15) | (0.64) | (0.49) | (0.26) | (0.29) | (0.23) |
Net asset value, end of period | $14.48 | $12.02 | $13.43 | $11.63 | $12.23 | $10.92 |
Total return (%)3 | 21.804 | (5.88) | 20.18 | (2.81) | 14.77 | 4.08 |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $63 | $53 | $50 | $1 | $1 | $1 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 0.905 | 0.91 | 0.94 | 1.07 | 1.29 | 1.34 |
Expenses including reductions | 0.895 | 0.90 | 0.92 | 0.97 | 1.08 | 1.18 |
Net investment income | 1.485 | 1.97 | 2.11 | 2.01 | 2.42 | 1.29 |
Portfolio turnover (%) | 17 | 34 | 26 | 19 | 14 | 35 |
1 | Six months ended 4-30-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the period. |
4 | Not annualized. |
5 | Annualized. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK Infrastructure Fund | 17 |
CLASS NAV SHARES Period ended | 4-30-211 | 10-31-20 | 10-31-19 | 10-31-18 | 10-31-17 | 10-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $12.02 | $13.43 | $11.63 | $12.23 | $10.92 | $10.72 |
Net investment income2 | 0.10 | 0.24 | 0.26 | 0.24 | 0.27 | 0.24 |
Net realized and unrealized gain (loss) on investments | 2.51 | (1.01) | 2.03 | (0.58) | 1.33 | 0.19 |
Total from investment operations | 2.61 | (0.77) | 2.29 | (0.34) | 1.60 | 0.43 |
Less distributions | ||||||
From net investment income | (0.09) | (0.24) | (0.25) | (0.22) | (0.29) | (0.23) |
From net realized gain | (0.06) | (0.40) | (0.24) | (0.04) | — | — |
Total distributions | (0.15) | (0.64) | (0.49) | (0.26) | (0.29) | (0.23) |
Net asset value, end of period | $14.48 | $12.02 | $13.43 | $11.63 | $12.23 | $10.92 |
Total return (%)3 | 21.804 | (5.87) | 20.19 | (2.80) | 14.78 | 4.09 |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $81 | $76 | $84 | $86 | $102 | $113 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 0.895 | 0.90 | 0.93 | 1.05 | 1.28 | 1.33 |
Expenses including reductions | 0.885 | 0.89 | 0.92 | 0.96 | 1.07 | 1.26 |
Net investment income | 1.495 | 1.95 | 2.06 | 2.00 | 2.38 | 2.21 |
Portfolio turnover (%) | 17 | 34 | 26 | 19 | 14 | 35 |
1 | Six months ended 4-30-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the period. |
4 | Not annualized. |
5 | Annualized. |
18 | JOHN HANCOCK Infrastructure Fund | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
SEMIANNUAL REPORT | JOHN HANCOCK Infrastructure Fund | 19 |
Total value at 4-30-21 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
Common stocks | ||||
Brazil | $6,850,880 | $6,850,880 | — | — |
Canada | 50,501,314 | 50,501,314 | — | — |
China | 62,460,799 | — | $62,460,799 | — |
France | 43,463,467 | — | 43,463,467 | — |
Germany | 18,201,714 | — | 18,201,714 | — |
Hong Kong | 8,922,874 | — | 8,922,874 | — |
Italy | 16,720,301 | — | 16,720,301 | — |
Japan | 17,663,059 | — | 17,663,059 | — |
South Korea | 18,955,053 | — | 18,955,053 | — |
Spain | 46,490,181 | — | 46,490,181 | — |
United Kingdom | 18,295,354 | — | 18,295,354 | — |
United States | 244,040,909 | 244,040,909 | — | — |
Short-term investments | 30,908,717 | 20,008,717 | 10,900,000 | — |
Total investments in securities | $583,474,622 | $321,401,820 | $262,072,802 | — |
20 | JOHN HANCOCK Infrastructure Fund | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK Infrastructure Fund | 21 |
22 | JOHN HANCOCK Infrastructure Fund | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK Infrastructure Fund | 23 |
Class | Expense reduction |
Class A | $1,642 |
Class C | 305 |
Class I | 12,440 |
Class | Expense reduction |
Class R6 | $2,421 |
Class NAV | 3,347 |
Total | $20,155 |
24 | JOHN HANCOCK Infrastructure Fund | SEMIANNUAL REPORT |
Class | Rule 12b-1 Fee |
Class A | 0.30% |
Class C | 1.00% |
Class | Distribution and service fees | Transfer agent fees |
Class A | $58,870 | $23,150 |
Class C | 36,444 | 4,301 |
Class I | — | 175,170 |
Class R6 | — | 2,998 |
Total | $95,314 | $205,619 |
SEMIANNUAL REPORT | JOHN HANCOCK Infrastructure Fund | 25 |
Borrower or Lender | Weighted Average Loan Balance | Days Outstanding | Weighted Average Interest Rate | Interest Income (Expense) |
Lender | $4,661,313 | 5 | 0.669% | $433 |
Six Months Ended 4-30-21 | Year Ended 10-31-20 | |||
Shares | Amount | Shares | Amount | |
Class A shares | ||||
Sold | 950,353 | $13,114,364 | 1,754,477 | $22,103,104 |
Distributions reinvested | 25,448 | 337,545 | 106,836 | 1,346,738 |
Repurchased | (343,518) | (4,675,517) | (914,760) | (11,200,512) |
Net increase | 632,283 | $8,776,392 | 946,553 | $12,249,330 |
Class C shares | ||||
Sold | 183,705 | $2,523,946 | 281,257 | $3,585,246 |
Distributions reinvested | 3,496 | 45,765 | 19,212 | 242,056 |
Repurchased | (66,627) | (889,535) | (199,451) | (2,409,662) |
Net increase | 120,574 | $1,680,176 | 101,018 | $1,417,640 |
Class I shares | ||||
Sold | 7,759,657 | $106,735,680 | 11,397,892 | $143,523,800 |
Distributions reinvested | 171,384 | 2,281,799 | 732,180 | 9,203,511 |
Repurchased | (3,385,513) | (45,977,802) | (7,528,517) | (92,729,264) |
Net increase | 4,545,528 | $63,039,677 | 4,601,555 | $59,998,047 |
Class R6 shares | ||||
Sold | 679,577 | $9,324,025 | 2,581,257 | $32,291,274 |
Distributions reinvested | 47,498 | 633,232 | 219,240 | 2,756,978 |
Repurchased | (827,620) | (11,210,439) | (2,049,498) | (25,055,581) |
Net increase (decrease) | (100,545) | $(1,253,182) | 750,999 | $9,992,671 |
26 | JOHN HANCOCK Infrastructure Fund | SEMIANNUAL REPORT |
Six Months Ended 4-30-21 | Year Ended 10-31-20 | |||
Shares | Amount | Shares | Amount | |
Class NAV shares | ||||
Sold | 194,216 | $2,598,207 | 1,374,308 | $15,960,030 |
Distributions reinvested | 67,216 | 895,945 | 322,752 | 4,071,591 |
Repurchased | (967,207) | (13,316,981) | (1,687,939) | (21,309,698) |
Net increase (decrease) | (705,775) | $(9,822,829) | 9,121 | $(1,278,077) |
Total net increase | 4,492,065 | $62,420,234 | 6,409,246 | $82,379,611 |
Portfolio/Fund | Affiliated Concentration |
John Hancock Funds II Multimanager Lifestyle Conservative Portfolio | 7.6% |
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* | 1,999,952 | — | $35,629,889 | $(15,620,432) | $(159) | $(581) | $6,477 | — | $20,008,717 |
* | Refer to the Securities lending note within Note 2 for details regarding this investment. |
SEMIANNUAL REPORT | JOHN HANCOCK Infrastructure Fund | 27 |
28 | JOHN HANCOCK Infrastructure Fund | SEMIANNUAL REPORT |
Proposal | For | Against | Abstain |
To approve a change to the Fund’s fundamental policy regarding concentration to state that the Fund will invest over 25% of its assets in industries represented by infrastructure companies. | 19,549,553.611 | 237,526.769 | 209,570.834 |
SEMIANNUAL REPORT | JOHN HANCOCK INFRASTRUCTURE FUND | 29 |
• | The Fund’s investment strategy remained appropriate for an open-end fund structure; |
• | The Fund was able to meet requests for redemption without significant dilution of remaining investors’ interests in the Fund; |
• | The Fund did not report any breaches of the 15% limit on illiquid investments that would require reporting to the Securities and Exchange Commission; |
• | The Fund continued to qualify as a Primarily Highly Liquid Fund under the Liquidity Rule and therefore is not required to establish a HLIM; and |
• | The Chief Compliance Officer’s office performed audit testing of the LRMP which resulted in an assessment that the LRMP’s control environment was deemed to be operating effectively and in compliance with the Board approved procedures. |
30 | JOHN HANCOCK INFRASTRUCTURE FUND | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK INFRASTRUCTURE FUND | 31 |
Steven R. Pruchansky, Vice Chairperson
Andrew G. Arnott†
Charles L. Bardelis*
James R. Boyle
Peter S. Burgess*
William H. Cunningham
Grace K. Fey
Marianne Harrison†
Deborah C. Jackson
Frances G. Rathke*,1
Gregory A. Russo
President
Chief Financial Officer
Treasurer
Secretary and Chief Legal Officer
Chief Compliance Officer
You can also contact us: | ||
800-225-5291 | Regular mail: | Express mail: |
jhinvestments.com | John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 | John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
32 | JOHN HANCOCK INFRASTRUCTURE FUND | SEMIANNUAL REPORT |
GOVERNANCE FUNDS
with a heritage of financial stewardship dating back to 1862. Helping
our shareholders pursue their financial goals is at the core of everything
we do. It’s why we support the role of professional financial advice
and operate with the highest standards of conduct and integrity.
We search the world to find proven portfolio teams with specialized
expertise for every strategy we offer, then we apply robust investment
oversight to ensure they continue to meet our uncompromising
standards and serve the best interests of our shareholders.
a diverse set of investments backed by some of the world’s best
managers, along with strong risk-adjusted returns across asset classes.
200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
MF1639986 | 428SA 4/21 |
ITEM 2. CODE OF ETHICS.
(a)Not Applicable
(b)Not Applicable
(c)Not Applicable
(d)Not Applicable
(e)Not Applicable
(f)Not Applicable
ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.
Not Applicable
ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.
(a)Not Applicable
(b)Not Applicable
(c)Not Applicable
(d)Not Applicable
(e)Not Applicable
(f)Not Applicable.
(g)Not Applicable
(h)Not Applicable
ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS
Not Applicable.
ITEM 6. SCHEDULE OF INVESTMENTS.
(a)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. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.
Not applicable.
ITEM 10. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
The registrant has adopted procedures by which shareholders may recommend nominees to the registrant's Board of Trustees. A copy of the procedures is filed as an exhibit to this Form N-CSR. See attached "John Hancock Funds – Nominating, Governance and Administration Committee Charter."
ITEM 11. CONTROLS AND PROCEDURES.
(a)Based upon their evaluation of the registrant's disclosure controls and procedures as conducted within 90 days of the filing date of this Form N-CSR, the registrant's principal executive officer and principal financial officer have concluded that those disclosure controls and procedures provide reasonable assurance that the material information required to be disclosed by the registrant on this report is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms.
(b)There were no changes in the registrant's internal control over financial reporting that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.
ITEM 12. DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.: Not applicable.
ITEM 13. EXHIBITS.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
John Hancock Investment Trust
By: | /s/ Andrew Arnott |
| ------------------------------ |
| Andrew Arnott |
| President |
Date: | June 8, 2021 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: | /s/ Andrew Arnott |
| ------------------------------- |
| Andrew Arnott |
| President |
Date: | June 8, 2021 |
By: | /s/ Charles A. Rizzo |
| ------------------------------- |
| Charles A. Rizzo |
| Chief Financial Officer |
Date: | June 8, 2021 |