John Hancock
Disciplined Value Fund
Quarterly portfolio holdings 12/31/2021
Fund’s investments |
As of 12-31-21
(unaudited)
Shares | Value | ||||
Common stocks 97.7% | $12,846,851,527 | ||||
(Cost $8,878,050,109) | |||||
Communication services 5.5% | 728,346,913 | ||||
Entertainment 0.6% | |||||
Activision Blizzard, Inc. | 1,287,974 | 85,688,910 | |||
Interactive media and services 3.6% | |||||
Alphabet, Inc., Class A (A) | 105,611 | 305,959,291 | |||
Meta Platforms, Inc., Class A (A) | 504,212 | 169,591,706 | |||
Media 0.6% | |||||
Charter Communications, Inc., Class A (A) | 113,048 | 73,703,905 | |||
Wireless telecommunication services 0.7% | |||||
T-Mobile US, Inc. (A) | 805,338 | 93,403,101 | |||
Consumer discretionary 8.7% | 1,147,003,291 | ||||
Automobiles 0.3% | |||||
Harley-Davidson, Inc. | 1,052,303 | 39,661,300 | |||
Distributors 0.9% | |||||
LKQ Corp. | 1,950,553 | 117,091,697 | |||
Hotels, restaurants and leisure 0.3% | |||||
Restaurant Brands International, Inc. | 602,457 | 36,557,091 | |||
Household durables 2.6% | |||||
Lennar Corp., A Shares | 561,846 | 65,264,031 | |||
Mohawk Industries, Inc. (A) | 616,334 | 112,283,728 | |||
Sony Group Corp., ADR | 1,277,675 | 161,498,120 | |||
Leisure products 0.3% | |||||
Polaris, Inc. | 379,329 | 41,692,050 | |||
Multiline retail 0.4% | |||||
Kohl’s Corp. | 1,136,197 | 56,116,770 | |||
Specialty retail 3.4% | |||||
AutoZone, Inc. (A) | 154,254 | 323,376,543 | |||
The TJX Companies, Inc. | 1,662,363 | 126,206,599 | |||
Textiles, apparel and luxury goods 0.5% | |||||
Tapestry, Inc. | 1,656,536 | 67,255,362 | |||
Consumer staples 2.9% | 376,953,817 | ||||
Beverages 2.2% | |||||
Coca-Cola Europacific Partners PLC | 2,177,180 | 121,769,677 | |||
Keurig Dr. Pepper, Inc. | 4,641,305 | 171,078,502 | |||
Food and staples retailing 0.7% | |||||
U.S. Foods Holding Corp. (A) | 2,414,747 | 84,105,638 | |||
Energy 8.7% | 1,138,916,649 | ||||
Energy equipment and services 0.9% | |||||
Schlumberger NV | 3,805,557 | 113,976,432 | |||
Oil, gas and consumable fuels 7.8% | |||||
Canadian Natural Resources, Ltd. | 2,968,400 | 125,414,900 | |||
Cenovus Energy, Inc. | 4,682,098 | 57,496,163 | |||
ConocoPhillips | 4,281,229 | 309,019,109 | |||
EOG Resources, Inc. | 1,339,772 | 119,011,947 | |||
HollyFrontier Corp. | 1,734,416 | 56,854,156 | |||
Marathon Petroleum Corp. | 3,019,535 | 193,220,045 | |||
Pioneer Natural Resources Company | 901,275 | 163,923,897 |
2 | JOHN HANCOCK DISCIPLINED VALUE FUND | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Shares | Value | ||||
Financials 18.7% | $2,455,484,049 | ||||
Banks 9.7% | |||||
Bank of America Corp. | 4,947,067 | 220,095,011 | |||
Citigroup, Inc. | 2,277,651 | 137,547,344 | |||
Fifth Third Bancorp | 2,230,815 | 97,151,993 | |||
JPMorgan Chase & Co. | 2,446,337 | 387,377,464 | |||
Truist Financial Corp. | 2,831,756 | 165,799,314 | |||
Wells Fargo & Company | 5,408,085 | 259,479,918 | |||
Capital markets 2.7% | |||||
The Charles Schwab Corp. | 2,231,021 | 187,628,866 | |||
The Goldman Sachs Group, Inc. | 434,964 | 166,395,478 | |||
Consumer finance 1.3% | |||||
Capital One Financial Corp. | 1,203,279 | 174,583,750 | |||
Diversified financial services 2.8% | |||||
Berkshire Hathaway, Inc., Class B (A) | 1,222,387 | 365,493,713 | |||
Insurance 2.2% | |||||
American International Group, Inc. | 1,134,890 | 64,529,845 | |||
Chubb, Ltd. | 722,693 | 139,703,784 | |||
Everest Re Group, Ltd. | 327,459 | 89,697,569 | |||
Health care 18.7% | 2,459,767,279 | ||||
Biotechnology 1.2% | |||||
AbbVie, Inc. | 1,165,816 | 157,851,486 | |||
Health care providers and services 9.1% | |||||
AmerisourceBergen Corp. | 814,492 | 108,237,842 | |||
Centene Corp. (A) | 2,353,604 | 193,936,970 | |||
Cigna Corp. | 1,122,700 | 257,805,601 | |||
CVS Health Corp. | 2,256,005 | 232,729,476 | |||
McKesson Corp. | 506,974 | 126,018,527 | |||
UnitedHealth Group, Inc. | 555,496 | 278,936,761 | |||
Life sciences tools and services 2.0% | |||||
Avantor, Inc. (A) | 3,754,425 | 158,211,470 | |||
ICON PLC (A) | 350,680 | 108,605,596 | |||
Pharmaceuticals 6.4% | |||||
Bristol-Myers Squibb Company | 2,214,291 | 138,061,044 | |||
Johnson & Johnson | 2,468,630 | 422,308,534 | |||
Novartis AG, ADR | 1,358,993 | 118,871,118 | |||
Sanofi, ADR | 3,157,542 | 158,192,854 | |||
Industrials 12.7% | 1,667,587,302 | ||||
Aerospace and defense 2.4% | |||||
General Dynamics Corp. | 922,603 | 192,335,047 | |||
Howmet Aerospace, Inc. | 3,971,161 | 126,402,055 | |||
Building products 0.8% | |||||
Allegion PLC | 296,097 | 39,215,087 | |||
Owens Corning | 693,668 | 62,776,954 | |||
Electrical equipment 2.1% | |||||
Eaton Corp. PLC | 1,177,324 | 203,465,134 | |||
Vertiv Holdings Company | 2,742,701 | 68,485,244 | |||
Machinery 4.6% | |||||
Caterpillar, Inc. | 474,501 | 98,098,337 | |||
Deere & Company | 467,216 | 160,203,694 | |||
Dover Corp. | 445,357 | 80,876,831 | |||
Otis Worldwide Corp. | 1,399,990 | 121,897,129 |
SEE NOTES TO FUND’S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK DISCIPLINED VALUE FUND | 3 |
Shares | Value | ||||
Industrials (continued) | |||||
Machinery (continued) | |||||
The Middleby Corp. (A) | 279,748 | $55,043,216 | |||
Wabtec Corp. | 1,002,038 | 92,297,720 | |||
Road and rail 1.8% | |||||
Canadian National Railway Company | 920,989 | 113,152,709 | |||
Union Pacific Corp. | 472,158 | 118,950,765 | |||
Trading companies and distributors 1.0% | |||||
United Rentals, Inc. (A) | 404,428 | 134,387,380 | |||
Information technology 16.2% | 2,132,716,851 | ||||
Communications equipment 2.4% | |||||
Cisco Systems, Inc. | 5,017,943 | 317,987,048 | |||
IT services 4.0% | |||||
Cognizant Technology Solutions Corp., Class A | 1,211,733 | 107,504,952 | |||
Fidelity National Information Services, Inc. | 1,801,771 | 196,663,305 | |||
FleetCor Technologies, Inc. (A) | 423,602 | 94,819,072 | |||
Global Payments, Inc. | 932,065 | 125,996,547 | |||
Semiconductors and semiconductor equipment 7.9% | |||||
Applied Materials, Inc. | 1,049,118 | 165,089,208 | |||
KLA Corp. | 212,587 | 91,435,795 | |||
Lam Research Corp. | 118,687 | 85,353,756 | |||
Micron Technology, Inc. | 2,555,245 | 238,021,072 | |||
NXP Semiconductors NV | 374,230 | 85,242,109 | |||
Qorvo, Inc. (A) | 809,673 | 126,624,760 | |||
QUALCOMM, Inc. | 1,377,028 | 251,817,110 | |||
Software 1.5% | |||||
NortonLifeLock, Inc. | 3,111,920 | 80,847,682 | |||
SS&C Technologies Holdings, Inc. | 1,346,653 | 110,398,613 | |||
Technology hardware, storage and peripherals 0.4% | |||||
NetApp, Inc. | 596,976 | 54,915,822 | |||
Materials 3.8% | 496,951,991 | ||||
Chemicals 2.6% | |||||
Axalta Coating Systems, Ltd. (A) | 3,627,415 | 120,139,985 | |||
DuPont de Nemours, Inc. | 2,756,938 | 222,705,453 | |||
Construction materials 0.7% | |||||
CRH PLC, ADR | 1,654,407 | 87,352,690 | |||
Metals and mining 0.5% | |||||
Newmont Corp. | 1,076,328 | 66,753,863 | |||
Utilities 1.8% | 243,123,385 | ||||
Multi-utilities 1.8% | |||||
CenterPoint Energy, Inc. | 4,078,986 | 113,844,499 | |||
Dominion Energy, Inc. | 1,645,607 | 129,278,886 | |||
Yield (%) | Shares | Value | |||
Short-term investments 2.3% | $305,021,239 | ||||
(Cost $305,021,239) | |||||
Short-term funds 2.3% | 305,021,239 | ||||
State Street Institutional U.S. Government Money Market Fund, Premier Class | 0.0250(B) | 305,021,239 | 305,021,239 |
4 | JOHN HANCOCK DISCIPLINED VALUE FUND | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Total investments (Cost $9,183,071,348) 100.0% | $13,151,872,766 | ||||
Other assets and liabilities, net (0.0%) | (2,577,181) | ||||
Total net assets 100.0% | $13,149,295,585 |
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) | The rate shown is the annualized seven-day yield as of 12-31-21. |
The fund had the following country
composition as a percentage of net assets on 12-31-21:
United States | 89.0% |
Canada | 2.5% |
Switzerland | 2.0% |
Ireland | 1.8% |
Japan | 1.2% |
France | 1.2% |
Other countries | 2.3% |
TOTAL | 100.0% |
SEE NOTES TO FUND’S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK DISCIPLINED VALUE 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 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.
As of December 31, 2021, all
investments are categorized as Level 1 under the hierarchy described above.
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 | — | — | $17,991,240 | $(17,991,148) | $(92) | — | $901 | $73 | — |
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 | | |