John Hancock
U.S. Quality Growth Fund
Quarterly portfolio holdings 6/30/2020
Fund’s investments |
As of 6-30-20 (unaudited)
Shares | Value | ||||
Common stocks 99.6% | $1,210,238,329 | ||||
(Cost $848,006,891) | |||||
Communication services 14.9% | 180,538,892 | ||||
Entertainment 2.4% | |||||
Netflix, Inc. (A) | 63,346 | 28,824,964 | |||
Interactive media and services 11.0% | |||||
Alphabet, Inc., Class A (A) | 41,959 | 59,499,960 | |||
Facebook, Inc., Class A (A) | 262,089 | 59,512,549 | |||
Match Group, Inc. (A) | 139,821 | 14,967,838 | |||
Media 1.5% | |||||
Charter Communications, Inc., Class A (A)(B) | 34,769 | 17,733,581 | |||
Consumer discretionary 11.6% | 141,156,640 | ||||
Internet and direct marketing retail 6.8% | |||||
Amazon.com, Inc. (A) | 29,807 | 82,232,148 | |||
Specialty retail 4.8% | |||||
Ross Stores, Inc. | 167,476 | 14,275,654 | |||
The Home Depot, Inc. | 107,916 | 27,034,037 | |||
The TJX Companies, Inc. | 348,394 | 17,614,801 | |||
Financials 5.8% | 70,355,365 | ||||
Capital markets 4.6% | |||||
Ares Management Corp., Class A | 392,067 | 15,565,060 | |||
BlackRock, Inc. | 22,973 | 12,499,380 | |||
LPL Financial Holdings, Inc. | 174,119 | 13,650,930 | |||
The Blackstone Group, Inc., Class A | 241,603 | 13,689,226 | |||
Insurance 1.2% | |||||
The Progressive Corp. | 186,628 | 14,950,769 | |||
Health care 13.6% | 165,157,809 | ||||
Biotechnology 1.6% | |||||
Vertex Pharmaceuticals, Inc. (A) | 65,740 | 19,084,979 | |||
Health care equipment and supplies 2.3% | �� | ||||
Baxter International, Inc. | 167,254 | 14,400,569 | |||
Danaher Corp. | 77,150 | 13,642,435 | |||
Health care providers and services 5.1% | |||||
Anthem, Inc. | 53,015 | 13,941,885 | |||
Humana, Inc. | 36,062 | 13,983,041 | |||
UnitedHealth Group, Inc. | 117,202 | 34,568,730 | |||
Life sciences tools and services 1.1% | |||||
Agilent Technologies, Inc. | 147,080 | 12,997,460 | |||
Pharmaceuticals 3.5% | |||||
Eli Lilly & Company | 154,363 | 25,343,317 | |||
Johnson & Johnson | 122,274 | 17,195,393 | |||
Industrials 3.9% | 47,897,747 | ||||
Aerospace and defense 1.6% | |||||
Lockheed Martin Corp. | 54,532 | 19,899,817 | |||
Professional services 2.3% | |||||
Equifax, Inc. | 82,554 | 14,189,382 | |||
TransUnion | 158,646 | 13,808,548 |
2 | JOHN HANCOCK U.S. QUALITY GROWTH FUND | QUARTERLY REPORT | SEE NOTES TO FUND'S INVESTMENTS |
Shares | Value | ||||
Information technology 46.9% | $570,505,165 | ||||
Electronic equipment, instruments and components 1.2% | |||||
CDW Corp. | 129,898 | 15,091,550 | |||
IT services 15.8% | |||||
Accenture PLC, Class A | 112,909 | 24,243,820 | |||
Exela Technologies, Inc., PIPE (A)(C) | 111,723 | 57,273 | |||
Fidelity National Information Services, Inc. | 110,832 | 14,861,463 | |||
FleetCor Technologies, Inc. (A) | 68,905 | 17,331,675 | |||
Global Payments, Inc. | 97,899 | 16,605,628 | |||
GoDaddy, Inc., Class A (A) | 176,645 | 12,953,378 | |||
Mastercard, Inc., Class A | 117,947 | 34,876,928 | |||
PayPal Holdings, Inc. (A) | 172,512 | 30,056,766 | |||
Visa, Inc., Class A (B) | 210,449 | 40,652,433 | |||
Semiconductors and semiconductor equipment 5.2% | |||||
KLA Corp. | 78,022 | 15,173,719 | |||
Marvell Technology Group, Ltd. | 435,324 | 15,262,459 | |||
Teradyne, Inc. (B) | 175,672 | 14,846,041 | |||
Texas Instruments, Inc. | 145,343 | 18,454,201 | |||
Software 16.2% | |||||
Adobe, Inc. (A) | 78,898 | 34,345,088 | |||
Intuit, Inc. | 62,546 | 18,525,500 | |||
Microsoft Corp. | 581,405 | 118,321,729 | |||
salesforce.com, Inc. (A) | 138,516 | 25,948,202 | |||
Technology hardware, storage and peripherals 8.5% | |||||
Apple, Inc. | 282,065 | 102,897,312 | |||
Materials 1.1% | 12,742,593 | ||||
Chemicals 1.1% | |||||
FMC Corp. | 127,912 | 12,742,593 | |||
Real estate 1.8% | 21,884,118 | ||||
Equity real estate investment trusts 1.8% | |||||
American Tower Corp. | 84,645 | 21,884,118 | |||
Yield (%) | Shares | Value | |||
Short-term investments 2.9% | $35,559,368 | ||||
(Cost $35,559,512) | |||||
Short-term funds 2.9% | 35,559,368 | ||||
John Hancock Collateral Trust (D) | 0.2429(E) | 3,161,374 | 31,649,459 | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class | 0.1158(E) | 3,909,909 | 3,909,909 |
Total investments (Cost $883,566,403) 102.5% | $1,245,797,697 | ||||
Other assets and liabilities, net (2.5%) | (30,244,323) | ||||
Total net assets 100.0% | $1,215,553,374 |
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 | |
PIPE | Private Investment in Public Equity |
(A) | Non-income producing security. |
(B) | All or a portion of this security is on loan as of 6-30-20. The value of securities on loan amounted to $30,921,484. |
(C) | Restricted security as to resale, excluding 144A securities. For more information on this security refer to the Notes to fund's investments. |
(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 6-30-20. |
SEE NOTES TO FUND'S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK U.S. QUALITY GROWTH FUND | 3 |
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.
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.
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 June 30, 2020, by major security category or type:
Total value at 6-30-20 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
Common stocks | ||||
Communication services | $180,538,892 | $180,538,892 | — | — |
Consumer discretionary | 141,156,640 | 141,156,640 | — | — |
Financials | 70,355,365 | 70,355,365 | — | — |
Health care | 165,157,809 | 165,157,809 | — | — |
Industrials | 47,897,747 | 47,897,747 | — | — |
Information technology | 570,505,165 | 570,447,892 | $57,273 | — |
Materials | 12,742,593 | 12,742,593 | — | — |
Real estate | 21,884,118 | 21,884,118 | — | — |
Short-term investments | 35,559,368 | 35,559,368 | — | — |
Total investments in securities | $1,245,797,697 | $1,245,740,424 | $57,273 | — |
Restricted securities. The fund may hold restricted securities which are restricted as to resale and the fund has limited rights to registration under the Securities Act of 1933. Disposal may involve time-consuming negotiations and expenses, and prompt sale at an acceptable price may be difficult to achieve. The following table summarizes the restricted securities held at June 30, 2020:
Issuer, Description | Original acquisition date | Acquisition cost | Beginning share amount | Shares purchased | Shares sold | Ending share amount | Value as a percentage of net assets | Ending value |
Exela Technologies, Inc., PIPE | 3-31-20 | $4,726,919 | 111,723 | — | — | 111,723 | 0.0%* | $57,273 |
* | Less than 0.05%. |
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:
4 | | |
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 | 3,161,374 | — | $104,646,623 | $(72,997,632) | $612 | $(144) | $2,729 | — | $31,649,459 |
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.
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