John Hancock
Disciplined Value Fund
Quarterly portfolio holdings 6/30/2022
Fund’s investments |
As of 6-30-22 (unaudited)
Shares | Value | ||||
Common stocks 96.1% | $11,008,276,813 | ||||
(Cost $8,927,286,226) | |||||
Communication services 6.2% | 708,636,656 | ||||
Entertainment 0.9% | |||||
Activision Blizzard, Inc. | 1,263,991 | 98,414,339 | |||
Interactive media and services 3.7% | |||||
Alphabet, Inc., Class A (A) | 131,907 | 287,459,649 | |||
Meta Platforms, Inc., Class A (A) | 869,085 | 140,139,956 | |||
Wireless telecommunication services 1.6% | |||||
T-Mobile US, Inc. (A) | 1,357,386 | 182,622,712 | |||
Consumer discretionary 5.8% | 663,875,738 | ||||
Distributors 0.7% | |||||
LKQ Corp. | 1,674,307 | 82,191,731 | |||
Hotels, restaurants and leisure 0.4% | |||||
Restaurant Brands International, Inc. | 803,618 | 40,301,443 | |||
Household durables 1.3% | |||||
Mohawk Industries, Inc. (A) | 733,060 | 90,965,415 | |||
Sony Group Corp., ADR | 757,999 | 61,981,578 | |||
Specialty retail 3.4% | |||||
AutoZone, Inc. (A) | 151,382 | 325,338,084 | |||
The TJX Companies, Inc. | 1,129,767 | 63,097,487 | |||
Consumer staples 5.8% | 670,670,418 | ||||
Beverages 2.8% | |||||
Coca-Cola Europacific Partners PLC | 2,267,438 | 117,022,475 | |||
Keurig Dr. Pepper, Inc. | 5,899,775 | 208,793,037 | |||
Food and staples retailing 0.7% | |||||
U.S. Foods Holding Corp. (A) | 2,702,152 | 82,902,023 | |||
Household products 2.3% | |||||
The Procter & Gamble Company | 1,821,774 | 261,952,883 | |||
Energy 11.6% | 1,332,997,450 | ||||
Energy equipment and services 1.1% | |||||
Schlumberger NV | 3,734,693 | 133,552,622 | |||
Oil, gas and consumable fuels 10.5% | |||||
Canadian Natural Resources, Ltd. | 2,913,125 | 156,376,550 | |||
Cenovus Energy, Inc. | 5,639,278 | 107,202,675 | |||
ConocoPhillips | 3,904,345 | 350,649,224 | |||
Devon Energy Corp. | 1,921,738 | 105,906,981 | |||
EOG Resources, Inc. | 831,932 | 91,878,570 | |||
Marathon Petroleum Corp. | 2,312,594 | 190,118,353 | |||
Pioneer Natural Resources Company | 884,492 | 197,312,475 | |||
Financials 14.5% | 1,661,916,749 | ||||
Banks 6.8% | |||||
Bank of America Corp. | 5,294,484 | 164,817,287 | |||
JPMorgan Chase & Co. | 2,493,640 | 280,808,800 | |||
Truist Financial Corp. | 2,295,742 | 108,887,043 | |||
Wells Fargo & Company | 5,675,062 | 222,292,179 | |||
Capital markets 2.4% | |||||
The Charles Schwab Corp. | 2,335,277 | 147,542,801 | |||
The Goldman Sachs Group, Inc. | 426,864 | 126,787,145 |
2 | JOHN HANCOCK DISCIPLINED VALUE FUND | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Shares | Value | ||||
Financials (continued) | |||||
Consumer finance 0.6% | |||||
Capital One Financial Corp. | 631,058 | $65,749,933 | |||
Diversified financial services 2.8% | |||||
Berkshire Hathaway, Inc., Class B (A) | 1,199,625 | 327,521,618 | |||
Insurance 1.9% | |||||
Chubb, Ltd. | 648,280 | 127,438,882 | |||
Everest Re Group, Ltd. | 321,361 | 90,071,061 | |||
Health care 22.9% | 2,620,635,217 | ||||
Biotechnology 1.8% | |||||
AbbVie, Inc. | 1,357,875 | 207,972,135 | |||
Health care providers and services 10.3% | |||||
AmerisourceBergen Corp. | 799,325 | 113,088,501 | |||
Centene Corp. (A) | 2,543,584 | 215,212,642 | |||
Cigna Corp. | 988,289 | 260,433,917 | |||
CVS Health Corp. | 2,213,996 | 205,148,869 | |||
McKesson Corp. | 254,697 | 83,084,708 | |||
UnitedHealth Group, Inc. | 594,581 | 305,394,639 | |||
Life sciences tools and services 2.2% | |||||
Avantor, Inc. (A) | 4,092,978 | 127,291,616 | |||
ICON PLC (A) | 540,263 | 117,074,992 | |||
Pharmaceuticals 8.6% | |||||
Bristol-Myers Squibb Company | 2,173,059 | 167,325,543 | |||
Johnson & Johnson | 2,649,299 | 470,277,071 | |||
Novartis AG, ADR | 1,333,687 | 112,736,562 | |||
Sanofi, ADR | 4,709,055 | 235,594,022 | |||
Industrials 11.0% | 1,255,998,315 | ||||
Aerospace and defense 2.3% | |||||
General Dynamics Corp. | 640,785 | 141,773,681 | |||
Howmet Aerospace, Inc. | 3,897,213 | 122,567,349 | |||
Building products 0.4% | |||||
Allegion PLC | 512,262 | 50,150,450 | |||
Electrical equipment 1.1% | |||||
Eaton Corp. PLC | 977,889 | 123,204,235 | |||
Machinery 4.6% | |||||
Caterpillar, Inc. | 465,665 | 83,242,275 | |||
Deere & Company | 458,516 | 137,311,787 | |||
Dover Corp. | 437,064 | 53,024,604 | |||
Fortive Corp. | 740,391 | 40,262,463 | |||
Otis Worldwide Corp. | 1,532,364 | 108,292,164 | |||
The Middleby Corp. (A) | 293,061 | 36,738,127 | |||
Wabtec Corp. | 777,858 | 63,846,585 | |||
Professional services 0.9% | |||||
Leidos Holdings, Inc. | 996,402 | 100,347,645 | |||
Road and rail 0.9% | |||||
Union Pacific Corp. | 463,366 | 98,826,700 | |||
Trading companies and distributors 0.8% | |||||
United Rentals, Inc. (A) | 396,897 | 96,410,250 | |||
Information technology 12.8% | 1,469,960,615 | ||||
Communications equipment 1.8% | |||||
Cisco Systems, Inc. | 4,924,503 | 209,980,808 |
SEE NOTES TO FUND’S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK DISCIPLINED VALUE FUND | 3 |
Shares | Value | ||||
Information technology (continued) | |||||
IT services 4.7% | |||||
Cognizant Technology Solutions Corp., Class A | 1,356,919 | $91,578,463 | |||
Fidelity National Information Services, Inc. | 1,768,220 | 162,092,727 | |||
FleetCor Technologies, Inc. (A) | 465,922 | 97,894,871 | |||
Global Payments, Inc. | 914,709 | 101,203,404 | |||
SS&C Technologies Holdings, Inc. | 1,491,699 | 86,622,961 | |||
Semiconductors and semiconductor equipment 6.3% | |||||
Applied Materials, Inc. | 1,029,582 | 93,671,370 | |||
KLA Corp. | 208,628 | 66,569,022 | |||
Lam Research Corp. | 116,477 | 49,636,674 | |||
Microchip Technology, Inc. | 1,161,988 | 67,488,263 | |||
Micron Technology, Inc. | 2,086,997 | 115,369,194 | |||
NXP Semiconductors NV | 367,261 | 54,365,646 | |||
Qorvo, Inc. (A) | 794,596 | 74,946,295 | |||
Qualcomm, Inc. | 1,554,258 | 198,540,917 | |||
Materials 3.3% | 376,285,751 | ||||
Chemicals 2.6% | |||||
Axalta Coating Systems, Ltd. (A) | 3,559,868 | 78,708,681 | |||
DuPont de Nemours, Inc. | 2,875,807 | 159,837,353 | |||
Olin Corp. | 1,173,572 | 54,312,912 | |||
Construction materials 0.7% | |||||
CRH PLC, ADR (B) | 2,395,945 | 83,426,805 | |||
Utilities 2.2% | 247,299,904 | ||||
Multi-utilities 2.2% | |||||
CenterPoint Energy, Inc. | 4,003,030 | 118,409,627 | |||
Dominion Energy, Inc. | 1,614,964 | 128,890,277 | |||
Yield (%) | Shares | Value | |||
Short-term investments 3.8% | $438,743,296 | ||||
(Cost $438,743,165) | |||||
Short-term funds 3.8% | 438,743,296 | ||||
John Hancock Collateral Trust (C) | 1.4215(D) | 352,707 | 3,525,797 | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class | 0.7415(D) | 435,217,499 | 435,217,499 |
Total investments (Cost $9,366,029,391) 99.9% | $11,447,020,109 | ||||
Other assets and liabilities, net 0.1% | 12,734,350 | ||||
Total net assets 100.0% | $11,459,754,459 |
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 6-30-22. The value of securities on loan amounted to $3,453,000. |
(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 6-30-22. |
The fund had the following country composition as a percentage of net assets on 6-30-22:
United States | 88.1% |
Canada | 2.7% |
Ireland | 2.2% |
Switzerland | 2.1% |
4 | JOHN HANCOCK DISCIPLINED VALUE FUND | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
France | 2.1% |
United Kingdom | 1.0% |
Other countries | 1.8% |
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, 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.
As of June 30, 2022, 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 | 352,707 | — | $57,317,436 | $(53,792,505) | $735 | $131 | $4,846 | — | $3,525,797 |
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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