John Hancock
Global Shareholder Yield Fund
Quarterly portfolio holdings 12/31/19
![](https://capedge.com/proxy/NPORT-P/0001145549-20-006962/imgeb815f9e1.gif)
Fund’s investments |
As of 12-31-19 (unaudited)
Shares | Value | ||||
Common stocks 97.7% | $1,985,517,543 | ||||
(Cost $1,608,712,901) | |||||
Australia 1.3% | 25,433,380 | ||||
Commonwealth Bank of Australia | 198,429 | 11,131,426 | |||
Macquarie Group, Ltd. | 147,680 | 14,301,954 | |||
Canada 5.9% | 119,934,209 | ||||
BCE, Inc. | 633,894 | 29,367,420 | |||
Fortis, Inc. | 271,119 | 11,249,387 | |||
Nutrien, Ltd. (A) | 353,803 | 16,950,702 | |||
Pembina Pipeline Corp. (A) | 499,779 | 18,524,018 | |||
Rogers Communications, Inc., Class B | 244,533 | 12,142,380 | |||
Royal Bank of Canada | 174,070 | 13,773,588 | |||
TELUS Corp. | 462,982 | 17,926,714 | |||
France 7.5% | 151,958,317 | ||||
AXA SA | 1,329,728 | 37,573,296 | |||
Cie Generale des Etablissements Michelin SCA | 144,142 | 17,738,067 | |||
Sanofi | 222,141 | 22,309,156 | |||
SCOR SE | 309,500 | 13,028,723 | |||
TOTAL SA | 554,105 | 30,747,709 | |||
Unibail-Rodamco-Westfield | 116,062 | 18,318,677 | |||
Vinci SA | 109,924 | 12,242,689 | |||
Germany 6.0% | 120,963,238 | ||||
Allianz SE | 149,107 | 36,535,521 | |||
BASF SE | 268,316 | 20,214,114 | |||
Deutsche Post AG | 553,481 | 21,045,756 | |||
Muenchener Rueckversicherungs-Gesellschaft AG | 96,027 | 28,337,019 | |||
Siemens AG | 113,566 | 14,830,828 | |||
Italy 3.6% | 73,778,662 | ||||
Assicurazioni Generali SpA | 929,923 | 19,198,159 | |||
Snam SpA | 5,718,498 | 30,066,859 | |||
Terna Rete Elettrica Nazionale SpA | 3,665,347 | 24,513,644 | |||
Japan 1.9% | 38,199,009 | ||||
Takeda Pharmaceutical Company, Ltd. | 616,000 | 24,364,169 | |||
Tokio Marine Holdings, Inc. | 247,100 | 13,834,840 | |||
Netherlands 1.3% | 26,866,216 | ||||
Royal Dutch Shell PLC, ADR, Class A (A) | 455,514 | 26,866,216 | |||
Norway 0.9% | 18,254,129 | ||||
Orkla ASA | 1,800,065 | 18,254,129 | |||
South Korea 0.8% | 17,113,945 | ||||
Samsung Electronics Company, Ltd., GDR (B) | 14,301 | 17,113,945 | |||
Switzerland 2.9% | 58,461,849 | ||||
Nestle SA | 132,691 | 14,365,827 | |||
Novartis AG | 266,617 | 25,245,859 | |||
Roche Holding AG | 58,000 | 18,850,163 | |||
Taiwan 0.6% | 12,253,813 | ||||
Taiwan Semiconductor Manufacturing Company, Ltd., ADR | 210,909 | 12,253,813 | |||
United Kingdom 9.5% | 194,009,677 | ||||
AstraZeneca PLC, ADR (A) | 342,904 | 17,097,193 |
2 | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND | QUARTERLY REPORT | SEE NOTES TO FUND'S INVESTMENTS |
Shares | Value | ||||
United Kingdom (continued) | |||||
BAE Systems PLC | 3,670,949 | $27,485,747 | |||
British American Tobacco PLC | 512,922 | 21,800,399 | |||
British American Tobacco PLC, ADR | 184,077 | 7,815,909 | |||
Coca-Cola European Partners PLC (New York Stock Exchange) | 187,197 | 9,524,583 | |||
GlaxoSmithKline PLC | 811,814 | 19,075,354 | |||
Imperial Brands PLC | 887,317 | 21,952,636 | |||
Lloyds Banking Group PLC | 24,955,118 | 20,673,500 | |||
Micro Focus International PLC | 53,516 | 751,136 | |||
National Grid PLC | 2,232,646 | 27,901,939 | |||
Unilever PLC | 348,187 | 19,931,281 | |||
United States 55.5% | 1,128,291,099 | ||||
3M Company | 64,271 | 11,338,690 | |||
AbbVie, Inc. | 226,077 | 20,016,858 | |||
Altria Group, Inc. | 551,595 | 27,530,106 | |||
Ameren Corp. | 141,022 | 10,830,490 | |||
American Electric Power Company, Inc. | 174,093 | 16,453,529 | |||
Amgen, Inc. | 63,593 | 15,330,365 | |||
AT&T, Inc. | 669,764 | 26,174,380 | |||
BlackRock, Inc. | 21,839 | 10,978,465 | |||
Broadcom, Inc. | 36,191 | 11,437,080 | |||
CenterPoint Energy, Inc. | 568,749 | 15,509,785 | |||
Chevron Corp. | 117,934 | 14,212,226 | |||
Cinemark Holdings, Inc. (A) | 319,099 | 10,801,501 | |||
Cisco Systems, Inc. | 402,342 | 19,296,322 | |||
Comcast Corp., Class A | 258,718 | 11,634,548 | |||
Darden Restaurants, Inc. | 90,478 | 9,863,007 | |||
Dominion Energy, Inc. | 396,232 | 32,815,934 | |||
Dow, Inc. (A) | 413,707 | 22,642,184 | |||
Duke Energy Corp. | 343,820 | 31,359,822 | |||
Eaton Corp. PLC | 214,372 | 20,305,316 | |||
Emerson Electric Company | 232,749 | 17,749,439 | |||
Entergy Corp. | 237,110 | 28,405,778 | |||
Enterprise Products Partners LP | 822,486 | 23,161,206 | |||
Exxon Mobil Corp. | 257,085 | 17,939,391 | |||
FirstEnergy Corp. (A) | 619,000 | 30,083,400 | |||
Hanesbrands, Inc. (A) | 723,831 | 10,748,890 | |||
IBM Corp. | 171,741 | 23,020,164 | |||
Intel Corp. | 260,790 | 15,608,282 | |||
Iron Mountain, Inc. | 590,921 | 18,832,652 | |||
Johnson & Johnson | 127,294 | 18,568,376 | |||
Kimberly-Clark Corp. | 110,602 | 15,213,305 | |||
KLA Corp. | 66,143 | 11,784,698 | |||
Las Vegas Sands Corp. | 440,609 | 30,419,645 | |||
Lazard, Ltd., Class A | 33,783 | 1,349,969 | |||
Leggett & Platt, Inc. | 247,725 | 12,591,862 | |||
Lockheed Martin Corp. | 36,191 | 14,092,052 | |||
LyondellBasell Industries NV, Class A | 184,581 | 17,439,213 | |||
Magellan Midstream Partners LP (A) | 247,725 | 15,574,471 | |||
McDonald's Corp. | 59,279 | 11,714,123 | |||
Merck & Company, Inc. | 298,892 | 27,184,227 | |||
MetLife, Inc. | 408,715 | 20,832,204 | |||
Microsoft Corp. | 96,472 | 15,213,634 | |||
Occidental Petroleum Corp. | 314,492 | 12,960,215 |
SEE NOTES TO FUND'S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND | 3 |
Shares | Value | ||||
United States (continued) | |||||
People's United Financial, Inc. (A) | 640,840 | $10,830,196 | |||
PepsiCo, Inc. | 110,080 | 15,044,634 | |||
Pfizer, Inc. | 751,911 | 29,459,873 | |||
Philip Morris International, Inc. | 318,023 | 27,060,577 | |||
Phillips 66 | 145,390 | 16,197,900 | |||
PPL Corp. | 642,712 | 23,060,507 | |||
Simon Property Group, Inc. | 82,020 | 12,217,699 | |||
Target Corp. | 121,678 | 15,600,336 | |||
Texas Instruments, Inc. | 168,478 | 21,614,043 | |||
The Coca-Cola Company | 341,324 | 18,892,283 | |||
The Home Depot, Inc. | 54,911 | 11,991,464 | |||
The PNC Financial Services Group, Inc. | 70,045 | 11,181,283 | |||
The Procter & Gamble Company | 112,817 | 14,090,843 | |||
Truist Financial Corp. | 310,894 | 17,509,550 | |||
United Parcel Service, Inc., Class B | 97,342 | 11,394,855 | |||
UnitedHealth Group, Inc. | 51,791 | 15,225,518 | |||
Vail Resorts, Inc. | 45,868 | 11,000,522 | |||
Verizon Communications, Inc. | 550,361 | 33,792,165 | |||
Watsco, Inc. | 71,759 | 12,927,384 | |||
WEC Energy Group, Inc. | 117,934 | 10,877,053 | |||
Wells Fargo & Company | 243,981 | 13,126,178 | |||
Welltower, Inc. | 320,108 | 26,178,432 | |||
Yield (%) | Shares | Value | |||
Short-term investments 2.4% | $49,052,594 | ||||
(Cost $49,052,338) | |||||
Short-term funds 2.4% | 49,052,594 | ||||
John Hancock Collateral Trust (C) | 1.7338(D) | 4,902,465 | 49,052,594 |
Total investments (Cost $1,657,765,239) 100.1% | $2,034,570,137 | ||||
Other assets and liabilities, net (0.1%) | (2,459,442) | ||||
Total net assets 100.0% | $2,032,110,695 |
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 |
GDR | Global Depositary Receipt |
(A) | All or a portion of this security is on loan as of 12-31-19. The value of securities on loan amounted to $47,423,475. |
(B) | These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. |
(C) | Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |
(D) | The rate shown is the annualized seven-day yield as of 12-31-19. |
The fund had the following sector composition as a percentage of net assets on 12-31-19:
Financials | 14.5% |
Utilities | 14.4% |
Health care | 12.4% |
Consumer staples | 11.4% |
Energy | 8.6% |
Industrials | 8.1% |
Information technology | 7.3% |
Communication services | 7.0% |
Consumer discretionary | 6.5% |
4 | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND | QUARTERLY REPORT | SEE NOTES TO FUND'S INVESTMENTS |
Materials | 3.8% |
Real estate | 3.7% |
Short-term investments and other | 2.3% |
TOTAL | 100.0% |
SEE NOTES TO FUND'S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND | 5 |
Notes to Fund's investments (unaudited) |
Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In case of emergency or other disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value (NAV) may be determined as of the regularly scheduled close of the NYSE pursuant to the fund's Valuation Policies and Procedures.
In order to value the securities, the fund uses the following valuation techniques: Equity securities, including exchange-traded or closed-end funds, are typically valued at the last sale price or official closing price on the exchange or principal market where the security trades. In the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price. Investments by the fund in open-end mutual funds, including John Hancock Collateral Trust (JHCT), are valued at their respective NAVs each business day. Foreign securities and currencies are valued in U.S. dollars based on foreign currency exchange rates supplied by an independent pricing vendor.
In certain instances, the Pricing Committee may determine to value equity securities using prices obtained from another exchange or market if trading on the exchange or market on which prices are typically obtained did not open for trading as scheduled, or if trading closed earlier than scheduled, and trading occurred as normal on another exchange or market.
Other portfolio securities and assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the fund's Pricing Committee following procedures established by the Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready market for such securities existed. Trading in foreign securities may be completed before the scheduled daily close of trading on the NYSE. Significant events at the issuer or market level may affect the values of securities between the time when the valuation of the securities is generally determined and the close of the NYSE. If a significant event occurs, these securities may be fair valued, as determined in good faith by the fund's Pricing Committee, following procedures established by the Board of Trustees. The fund uses fair value adjustment factors provided by an independent pricing vendor to value certain foreign securities in order to adjust for events that may occur between the close of foreign exchanges or markets and the close of the NYSE.
The fund uses a three-tier hierarchy to prioritize the pricing assumptions, referred to as inputs, used in valuation techniques to measure fair value. Level 1 includes securities valued using quoted prices in active markets for identical securities, including registered investment companies. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the fund's own assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.
The following is a summary of the values by input classification of the fund's investments as of December 31, 2019, by major security category or type:
Total value at 12-31-19 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
Common stocks | ||||
Australia | $25,433,380 | — | $25,433,380 | — |
Canada | 119,934,209 | $119,934,209 | — | — |
France | 151,958,317 | — | 151,958,317 | — |
Germany | 120,963,238 | — | 120,963,238 | — |
Italy | 73,778,662 | — | 73,778,662 | — |
Japan | 38,199,009 | — | 38,199,009 | — |
Netherlands | 26,866,216 | 26,866,216 | — | — |
Norway | 18,254,129 | — | 18,254,129 | — |
South Korea | 17,113,945 | — | 17,113,945 | — |
Switzerland | 58,461,849 | — | 58,461,849 | — |
Taiwan | 12,253,813 | 12,253,813 | — | — |
United Kingdom | 194,009,677 | 34,437,685 | 159,571,992 | — |
United States | 1,128,291,099 | 1,128,291,099 | — | — |
Short-term investments | 49,052,594 | 49,052,594 | — | — |
Total investments in securities | $2,034,570,137 | $1,370,835,616 | $663,734,521 | — |
6 | | |
Investment in affiliated underlying funds. The fund may invest in affiliated underlying funds that are managed by the Advisor and its affiliates. Information regarding the fund's fiscal year to date purchases and sales of the affiliated underlying funds as well as income and capital gains earned by the fund, if any, is as follows:
Dividends and distributions | |||||||||
Affiliate | Ending share amount | Beginning value | Cost of purchases | Proceeds from shares sold | Realized gain (loss) | Change in unrealized appreciation (depreciation) | Income distributions received | Capital gain distributions received | Ending value |
John Hancock Collateral Trust | 4,902,465 | $28,542,057 | $699,867,615 | $(679,348,384) | $(8,376) | $(318) | $429,185 | — | $49,052,594 |
For additional information on the fund's significant accounting policies and risks, please refer to the fund's most recent semiannual or annual shareholder report and prospectus.
| | 7 |