John Hancock
International Growth Fund
Quarterly portfolio holdings 12/31/19
Fund’s investments |
As of 12-31-19
(unaudited)
Shares | Value | ||||
Common stocks 99.7% | $9,857,341,435 | ||||
(Cost $7,434,772,897) | |||||
Australia 0.7% | 73,240,987 | ||||
Qantas Airways, Ltd. | 14,693,755 | 73,240,987 | |||
Canada 2.5% | 245,789,749 | ||||
Dollarama, Inc. | 4,880,307 | 167,731,779 | |||
Intact Financial Corp. | 721,850 | 78,057,970 | |||
China 17.0% | 1,685,362,058 | ||||
Alibaba Group Holding, Ltd., ADR (A) | 2,147,566 | 455,498,749 | |||
China Tower Corp., Ltd., H Shares (B) | 585,750,642 | 129,409,952 | |||
CSPC Pharmaceutical Group, Ltd. | 57,394,000 | 136,964,941 | |||
Kweichow Moutai Company, Ltd., Class A | 645,846 | 109,908,357 | |||
Midea Group Company, Ltd., Class A | 11,752,515 | 98,535,782 | |||
Ping An Insurance Group Company of China, Ltd., H Shares | 11,125,892 | 131,657,884 | |||
Shenzhou International Group Holdings, Ltd. | 9,660,100 | 141,183,095 | |||
TAL Education Group, ADR (A) | 2,802,482 | 135,079,630 | |||
Tencent Holdings, Ltd. | 7,205,300 | 347,123,668 | |||
Denmark 2.4% | 238,496,016 | ||||
Carlsberg A/S, Class B | 756,761 | 112,935,955 | |||
DSV Panalpina A/S | 1,089,211 | 125,560,061 | |||
Finland 1.2% | 119,766,867 | ||||
Kone OYJ, B Shares | 1,831,630 | 119,766,867 | |||
France 12.0% | 1,182,100,283 | ||||
Airbus SE | 1,464,811 | 214,984,318 | |||
Alstom SA | 2,405,182 | 114,292,518 | |||
Capgemini SE | 893,097 | 109,230,619 | |||
Edenred | 3,103,123 | 160,818,449 | |||
LVMH Moet Hennessy Louis Vuitton SE | 509,007 | 237,174,864 | |||
Safran SA | 1,369,434 | 211,522,848 | |||
Worldline SA (A)(B)(C) | 1,891,299 | 134,076,667 | |||
Germany 1.7% | 164,362,600 | ||||
adidas AG | 504,924 | 164,362,600 | |||
Hong Kong 2.6% | 255,404,887 | ||||
AIA Group, Ltd. | 24,282,725 | 255,404,887 | |||
India 3.2% | 312,349,732 | ||||
HDFC Bank, Ltd. | 8,724,762 | 156,096,779 | |||
ICICI Bank, Ltd. | 20,613,168 | 156,252,953 | |||
Ireland 6.1% | 600,677,222 | ||||
Accenture PLC, Class A | 871,644 | 183,542,077 | |||
Experian PLC | 3,614,886 | 122,543,551 | |||
ICON PLC (A) | 800,088 | 137,799,156 | |||
Medtronic PLC (C) | 1,382,040 | 156,792,438 | |||
Japan 8.7% | 861,995,936 | ||||
Bandai Namco Holdings, Inc. | 2,163,000 | 131,580,044 | |||
Hoya Corp. | 2,315,500 | 221,042,367 | |||
Keyence Corp. | 420,000 | 147,478,203 | |||
Nexon Company, Ltd. (A) | 8,033,900 | 106,572,009 | |||
Tokio Marine Holdings, Inc. | 2,280,200 | 127,665,731 |
2 | JOHN HANCOCK INTERNATIONAL GROWTH FUND | QUARTERLY REPORT | SEE NOTES TO FUND'S INVESTMENTS |
Shares | Value | ||||
Japan (continued) | |||||
Tokyo Electron, Ltd. | 584,700 | $127,657,582 | |||
Netherlands 6.8% | 668,752,903 | ||||
ASML Holding NV | 761,735 | 225,517,663 | |||
Heineken NV | 1,224,824 | 130,723,479 | |||
Koninklijke Philips NV | 3,683,231 | 180,050,803 | |||
Wolters Kluwer NV | 1,814,140 | 132,460,958 | |||
Singapore 1.1% | 109,100,323 | ||||
DBS Group Holdings, Ltd. | 5,658,366 | 109,100,323 | |||
Spain 2.9% | 291,326,720 | ||||
Cellnex Telecom SA (A)(B) | 3,643,288 | 157,156,281 | |||
Industria de Diseno Textil SA | 3,796,489 | 134,170,439 | |||
Switzerland 11.2% | 1,110,602,408 | ||||
Logitech International SA | 2,144,008 | 101,567,665 | |||
Nestle SA | 4,209,167 | 455,706,610 | |||
Novartis AG | 2,812,930 | 266,355,240 | |||
Partners Group Holding AG | 191,648 | 175,650,627 | |||
Temenos AG (A)(C) | 703,728 | 111,322,266 | |||
Taiwan 5.8% | 574,590,729 | ||||
MediaTek, Inc. | 10,654,000 | 157,861,228 | |||
Taiwan Semiconductor Manufacturing Company, Ltd. | 37,652,323 | 416,729,501 | |||
United Kingdom 12.9% | 1,278,620,566 | ||||
Aon PLC | 785,342 | 163,578,885 | |||
AstraZeneca PLC | 2,768,487 | 277,105,058 | |||
Compass Group PLC | 6,909,730 | 173,171,237 | |||
Diageo PLC | 5,337,302 | 224,897,751 | |||
IHS Markit, Ltd. (A) | 2,401,895 | 180,982,788 | |||
Unilever NV | 4,510,898 | 258,884,847 | |||
United States 0.9% | 84,801,449 | ||||
Amdocs, Ltd. | 1,174,698 | 84,801,449 | |||
Yield (%) | Shares | Value | |||
Short-term investments 0.6% | $53,924,618 | ||||
(Cost $53,924,395) | |||||
Short-term funds 0.0% | 2,124,618 | ||||
John Hancock Collateral Trust (D) | 1.7338(E) | 212,341 | 2,124,618 |
Par value^ | Value | ||||
Repurchase agreement 0.6% | 51,800,000 | ||||
Bank of America Corp. Tri-Party Repurchase Agreement dated 12-31-19 at 1.570% to be repurchased at $21,301,858 on 1-2-20, collateralized by $21,251,067 Government National Mortgage Association, 2.803% - 4.302% due 8-20-69 to 11-20-69 (valued at $21,726,001) | 21,300,000 | 21,300,000 | |||
Societe Generale SA Tri-Party Repurchase Agreement dated 12-31-19 at 1.550% to be repurchased at $30,502,626 on 1-2-20, collateralized by $109,303 Federal Home Loan Mortgage Corp., 5.329% - 5.955% due 6-1-20 to 11-1-30 (valued at $113,416), $6,992,823 Federal National Mortgage Association, 2.405% - 4.500% due 11-1-26 to 2-1-57 (valued at $7,540,411), $22,537,000 U.S. Treasury Bonds, 2.250% - 3.625% due 11-15-41 to 11-15-49 (valued at $23,254,174) and $188,300 U.S. Treasury Notes, 1.625% - 2.875% due 12-31-21 to 7-31-25 (valued at $201,999) | 30,500,000 | 30,500,000 |
Total investments (Cost $7,488,697,292) 100.3% | $9,911,266,053 | ||||
Other assets and liabilities, net (0.3%) | (27,611,084) | ||||
Total net assets 100.0% | $9,883,654,969 |
SEE NOTES TO FUND'S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND | 3 |
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) | These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. |
(C) | All or a portion of this security is on loan as of 12-31-19. The value of securities on loan amounted to $2,029,865. |
(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 12-31-19. |
The fund had the following sector
composition as a percentage of net assets on 12-31-19:
Consumer discretionary | 18.5% |
Information technology | 18.3% |
Industrials | 14.7% |
Health care | 13.9% |
Financials | 13.8% |
Consumer staples | 13.0% |
Communication services | 7.5% |
Short-term investments and other | 0.3% |
TOTAL | 100.0% |
4 | JOHN HANCOCK INTERNATIONAL GROWTH FUND | QUARTERLY REPORT | SEE NOTES TO FUND'S INVESTMENTS |
Notes to Fund's investments (unaudited) |
Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In case of emergency or other
disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value (NAV) may be determined as of the regularly scheduled close of the
NYSE pursuant to the fund's Valuation Policies and Procedures.
In order to value the securities,
the fund uses the following valuation techniques: Equity securities, including exchange-traded or closed-end funds, are typically valued at the last sale price or official closing price on the exchange or principal
market where the security trades. In the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price. Investments by the fund in open-end
mutual funds, including John Hancock Collateral Trust (JHCT), are valued at their respective NAVs each business day. Debt obligations are typically valued based on the evaluated prices provided by an independent
pricing vendor. Independent pricing vendors utilize matrix pricing, which takes into account factors such as institutional-size trading in similar groups of securities, yield, quality, coupon rate, maturity, type of
issue, trading characteristics and other market data, as well as broker supplied prices. 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 | $73,240,987 | — | $73,240,987 | — |
Canada | 245,789,749 | $245,789,749 | — | — |
China | 1,685,362,058 | 590,578,379 | 1,094,783,679 | — |
Denmark | 238,496,016 | — | 238,496,016 | — |
Finland | 119,766,867 | — | 119,766,867 | — |
France | 1,182,100,283 | — | 1,182,100,283 | — |
Germany | 164,362,600 | — | 164,362,600 | — |
Hong Kong | 255,404,887 | — | 255,404,887 | — |
India | 312,349,732 | — | 312,349,732 | — |
Ireland | 600,677,222 | 478,133,671 | 122,543,551 | — |
Japan | 861,995,936 | — | 861,995,936 | — |
Netherlands | 668,752,903 | — | 668,752,903 | — |
Singapore | 109,100,323 | — | 109,100,323 | — |
Spain | 291,326,720 | — | 291,326,720 | — |
Switzerland | 1,110,602,408 | — | 1,110,602,408 | — |
Taiwan | 574,590,729 | — | 574,590,729 | — |
| | 5 |
Total value at 12-31-19 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
(continued) | ||||
United Kingdom | 1,278,620,566 | $344,561,673 | $934,058,893 | — |
United States | 84,801,449 | 84,801,449 | — | — |
Short-term investments | 53,924,618 | 2,124,618 | 51,800,000 | — |
Total investments in securities | $9,911,266,053 | $1,745,989,539 | $8,165,276,514 | — |
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 | 212,341 | $35,310,762 | $1,715,312,893 | (1,748,491,957) | $(7,117) | $37 | $2,026,258 | — | $2,124,618 |
For additional information on the
fund's significant accounting policies and risks, please refer to the fund's most recent semiannual or annual shareholder report and prospectus.
6 | | |