John Hancock
Disciplined Value Mid Cap Fund
Quarterly portfolio holdings 12/31/2022
Fund’s investments |
As of 12-31-22 (unaudited)
Shares | Value | ||||
Common stocks 97.5% | $18,719,140,775 | ||||
(Cost $14,573,229,419) | |||||
Communication services 1.0% | 195,035,070 | ||||
Entertainment 0.7% | |||||
Live Nation Entertainment, Inc. (A) | 684,467 | 47,734,729 | |||
Take-Two Interactive Software, Inc. (A) | 813,423 | 84,701,737 | |||
Media 0.3% | |||||
Nexstar Media Group, Inc. | 357,645 | 62,598,604 | |||
Consumer discretionary 14.8% | 2,837,689,253 | ||||
Auto components 0.8% | |||||
Gentex Corp. | 3,362,649 | 91,699,438 | |||
Lear Corp. | 569,865 | 70,674,657 | |||
Automobiles 1.1% | |||||
Harley-Davidson, Inc. | 5,273,532 | 219,378,931 | |||
Distributors 0.9% | |||||
LKQ Corp. | 3,113,482 | 166,291,074 | |||
Diversified consumer services 0.4% | |||||
frontdoor, Inc. (A) | 3,367,631 | 70,046,725 | |||
Hotels, restaurants and leisure 4.1% | |||||
Darden Restaurants, Inc. | 746,196 | 103,221,293 | |||
Domino’s Pizza, Inc. | 234,369 | 81,185,422 | |||
Expedia Group, Inc. (A) | 1,294,735 | 113,418,786 | |||
International Game Technology PLC | 3,212,668 | 72,863,310 | |||
Las Vegas Sands Corp. (A) | 2,507,662 | 120,543,312 | |||
Marriott International, Inc., Class A | 1,025,285 | 152,654,684 | |||
Wyndham Hotels & Resorts, Inc. | 1,988,102 | 141,771,554 | |||
Household durables 3.1% | |||||
Garmin, Ltd. | 1,573,432 | 145,212,039 | |||
Mohawk Industries, Inc. (A) | 711,817 | 72,761,934 | |||
NVR, Inc. (A) | 19,876 | 91,679,640 | |||
Tempur Sealy International, Inc. | 4,879,462 | 167,511,930 | |||
Whirlpool Corp. | 884,304 | 125,093,644 | |||
Leisure products 1.4% | |||||
Hasbro, Inc. | 1,000,798 | 61,058,686 | |||
Polaris, Inc. | 1,496,656 | 151,162,256 | |||
Topgolf Callaway Brands Corp. (A) | 2,377,383 | 46,953,314 | |||
Specialty retail 3.0% | |||||
AutoZone, Inc. (A) | 146,846 | 362,148,668 | |||
Ross Stores, Inc. | 1,812,337 | 210,357,956 | |||
Consumer staples 2.1% | 406,912,865 | ||||
Beverages 1.1% | |||||
Coca-Cola Europacific Partners PLC | 1,884,548 | 104,253,195 | |||
Keurig Dr. Pepper, Inc. | 3,313,958 | 118,175,742 | |||
Food and staples retailing 1.0% | |||||
U.S. Foods Holding Corp. (A) | 5,422,808 | 184,483,928 | |||
Energy 6.1% | 1,166,053,443 | ||||
Energy equipment and services 2.4% | |||||
Halliburton Company | 5,684,123 | 223,670,240 | |||
Schlumberger, Ltd. | 4,253,366 | 227,384,946 |
2 | JOHN HANCOCK DISCIPLINED VALUE MID CAP FUND | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Shares | Value | ||||
Energy (continued) | |||||
Oil, gas and consumable fuels 3.7% | |||||
Devon Energy Corp. | 2,904,458 | $178,653,212 | |||
Diamondback Energy, Inc. | 969,446 | 132,600,824 | |||
Marathon Petroleum Corp. | 1,450,229 | 168,792,153 | |||
Pioneer Natural Resources Company | 643,731 | 147,021,723 | |||
Valero Energy Corp. | 693,129 | 87,930,345 | |||
Financials 15.6% | 3,006,151,189 | ||||
Banks 6.5% | |||||
East West Bancorp, Inc. | 4,157,445 | 273,975,626 | |||
Fifth Third Bancorp | 8,773,176 | 287,847,905 | |||
First Republic Bank | 920,552 | 112,206,083 | |||
Huntington Bancshares, Inc. | 20,578,564 | 290,157,752 | |||
KeyCorp | 16,937,307 | 295,047,888 | |||
Capital markets 2.4% | |||||
Ameriprise Financial, Inc. | 1,460,034 | 454,610,789 | |||
Consumer finance 1.4% | |||||
Discover Financial Services | 2,132,772 | 208,649,085 | |||
SLM Corp. | 3,789,573 | 62,906,912 | |||
Diversified financial services 0.2% | |||||
Voya Financial, Inc. | 717,817 | 44,138,567 | |||
Insurance 5.1% | |||||
Aflac, Inc. | 1,323,726 | 95,228,848 | |||
Aon PLC, Class A | 596,690 | 179,090,537 | |||
Arch Capital Group, Ltd. (A) | 1,504,299 | 94,439,891 | |||
Everest Re Group, Ltd. | 691,215 | 228,978,793 | |||
Globe Life, Inc. | 1,314,033 | 158,406,678 | |||
RenaissanceRe Holdings, Ltd. | 408,747 | 75,303,460 | |||
The Allstate Corp. | 602,878 | 81,750,257 | |||
The Travelers Companies, Inc. | 338,216 | 63,412,118 | |||
Health care 8.3% | 1,588,056,734 | ||||
Health care equipment and supplies 1.3% | |||||
Envista Holdings Corp. (A) | 2,359,795 | 79,454,298 | |||
Zimmer Biomet Holdings, Inc. | 1,303,099 | 166,145,123 | |||
Health care providers and services 4.8% | |||||
AmerisourceBergen Corp. | 1,749,376 | 289,889,097 | |||
Centene Corp. (A) | 791,788 | 64,934,534 | |||
Cigna Corp. | 257,951 | 85,469,484 | |||
HCA Healthcare, Inc. | 880,048 | 211,176,318 | |||
Humana, Inc. | 387,481 | 198,463,893 | |||
Laboratory Corp. of America Holdings | 316,655 | 74,565,919 | |||
Life sciences tools and services 2.2% | |||||
Avantor, Inc. (A) | 3,751,272 | 79,114,326 | |||
ICON PLC (A) | 1,289,253 | 250,437,395 | |||
IQVIA Holdings, Inc. (A) | 431,482 | 88,406,347 | |||
Industrials 23.9% | 4,579,541,457 | ||||
Aerospace and defense 6.0% | |||||
BWX Technologies, Inc. | 2,491,174 | 144,687,386 | |||
Curtiss-Wright Corp. | 858,637 | 143,383,793 | |||
Hexcel Corp. | 2,617,657 | 154,049,114 | |||
Howmet Aerospace, Inc. | 6,992,482 | 275,573,716 | |||
L3Harris Technologies, Inc. | 287,184 | 59,794,581 |
SEE NOTES TO FUND’S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK DISCIPLINED VALUE MID CAP FUND | 3 |
Shares | Value | ||||
Industrials (continued) | |||||
Aerospace and defense (continued) | |||||
Maxar Technologies, Inc. | 2,007,461 | $103,866,032 | |||
Textron, Inc. | 3,720,548 | 263,414,798 | |||
Air freight and logistics 0.7% | |||||
Expeditors International of Washington, Inc. | 1,324,712 | 137,664,071 | |||
Airlines 0.6% | |||||
Alaska Air Group, Inc. (A) | 2,518,913 | 108,162,124 | |||
Building products 2.9% | |||||
Advanced Drainage Systems, Inc. | 1,073,337 | 87,981,434 | |||
Allegion PLC | 1,725,645 | 181,641,393 | |||
Builders FirstSource, Inc. (A) | 808,774 | 52,473,257 | |||
Masco Corp. | 3,458,639 | 161,414,682 | |||
Resideo Technologies, Inc. (A) | 4,032,987 | 66,342,636 | |||
Commercial services and supplies 1.2% | |||||
Copart, Inc. (A) | 2,636,392 | 160,529,909 | |||
Ritchie Brothers Auctioneers, Inc. (B) | 1,205,054 | 69,688,273 | |||
Electrical equipment 3.5% | |||||
AMETEK, Inc. | 2,313,556 | 323,250,044 | |||
Eaton Corp. PLC | 1,662,545 | 260,936,438 | |||
nVent Electric PLC | 2,350,185 | 90,411,617 | |||
Machinery 4.1% | |||||
Dover Corp. | 2,317,423 | 313,802,248 | |||
ITT, Inc. | 1,028,015 | 83,372,017 | |||
Otis Worldwide Corp. | 1,906,546 | 149,301,617 | |||
Parker-Hannifin Corp. | 838,348 | 243,959,268 | |||
Professional services 2.4% | |||||
ASGN, Inc. (A) | 1,176,919 | 95,895,360 | |||
Leidos Holdings, Inc. | 863,428 | 90,823,991 | |||
Robert Half International, Inc. | 804,061 | 59,363,824 | |||
Science Applications International Corp. | 1,182,294 | 131,151,873 | |||
TransUnion | 1,628,685 | 92,427,874 | |||
Road and rail 1.7% | |||||
Landstar System, Inc. | 833,201 | 135,728,443 | |||
Norfolk Southern Corp. | 749,351 | 184,655,073 | |||
Trading companies and distributors 0.8% | |||||
Ferguson PLC | 1,211,267 | 153,794,571 | |||
Information technology 8.7% | 1,675,252,316 | ||||
Electronic equipment, instruments and components 1.3% | |||||
Flex, Ltd. (A) | 3,364,007 | 72,191,590 | |||
TE Connectivity, Ltd. | 1,572,033 | 180,469,388 | |||
IT services 1.9% | |||||
Cognizant Technology Solutions Corp., Class A | 1,978,655 | 113,159,279 | |||
EVERTEC, Inc. | 1,461,037 | 47,308,378 | |||
Global Payments, Inc. | 887,047 | 88,101,508 | |||
SS&C Technologies Holdings, Inc. | 2,363,278 | 123,032,253 | |||
Semiconductors and semiconductor equipment 2.6% | |||||
KLA Corp. | 191,147 | 72,068,153 | |||
Microchip Technology, Inc. | 2,604,983 | 183,000,056 | |||
NXP Semiconductors NV | 653,638 | 103,294,413 | |||
Qorvo, Inc. (A) | 1,485,351 | 134,632,215 |
4 | JOHN HANCOCK DISCIPLINED VALUE MID CAP FUND | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Shares | Value | ||||
Information technology (continued) | |||||
Software 2.1% | |||||
Check Point Software Technologies, Ltd. (A) | 1,394,766 | $175,963,679 | |||
Fair Isaac Corp. (A) | 215,701 | 129,114,305 | |||
Gen Digital, Inc. | 4,231,480 | 90,680,616 | |||
Technology hardware, storage and peripherals 0.8% | |||||
NetApp, Inc. | 1,612,949 | 96,873,717 | |||
Western Digital Corp. (A) | 2,071,720 | 65,362,766 | |||
Materials 5.7% | 1,104,525,202 | ||||
Chemicals 5.2% | |||||
Axalta Coating Systems, Ltd. (A) | 4,637,317 | 118,112,464 | |||
Corteva, Inc. | 3,845,398 | 226,032,494 | |||
DuPont de Nemours, Inc. | 3,016,114 | 206,995,904 | |||
FMC Corp. | 1,284,209 | 160,269,283 | |||
PPG Industries, Inc. | 1,499,812 | 188,586,361 | |||
Valvoline, Inc. | 3,445,873 | 112,507,753 | |||
Containers and packaging 0.5% | |||||
Avery Dennison Corp. | 508,403 | 92,020,943 | |||
Real estate 5.8% | 1,108,006,575 | ||||
Equity real estate investment trusts 5.8% | |||||
American Homes 4 Rent, Class A | 2,627,528 | 79,193,694 | |||
Cousins Properties, Inc. | 2,454,684 | 62,078,958 | |||
Equity Residential | 1,644,374 | 97,018,066 | |||
Essex Property Trust, Inc. | 587,787 | 124,563,821 | |||
Healthpeak Properties, Inc. | 3,534,333 | 88,605,728 | |||
Kilroy Realty Corp. | 1,245,892 | 48,178,644 | |||
Lamar Advertising Company, Class A | 1,603,293 | 151,350,859 | |||
Prologis, Inc. | 1,024,619 | 115,505,300 | |||
Regency Centers Corp. | 2,941,238 | 183,827,375 | |||
Welltower, Inc. | 2,405,555 | 157,684,130 | |||
Utilities 5.5% | 1,051,916,671 | ||||
Electric utilities 2.8% | |||||
American Electric Power Company, Inc. | 1,774,567 | 168,495,137 | |||
Entergy Corp. | 2,019,722 | 227,218,725 | |||
FirstEnergy Corp. | 3,249,195 | 136,271,238 | |||
Multi-utilities 2.7% | |||||
CenterPoint Energy, Inc. | 11,506,826 | 345,089,712 | |||
DTE Energy Company | 1,487,636 | 174,841,859 | |||
Yield (%) | Shares | Value | |||
Short-term investments 2.6% | $496,546,667 | ||||
(Cost $496,546,667) | |||||
Short-term funds 2.6% | 496,546,667 | ||||
John Hancock Collateral Trust (C) | 4.2988(D) | 1,807,884 | 18,071,250 | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class | 4.0954(D) | 478,475,417 | 478,475,417 |
Total investments (Cost $15,069,776,086) 100.1% | $19,215,687,442 | ||||
Other assets and liabilities, net (0.1%) | (28,570,815) | ||||
Total net assets 100.0% | $19,187,116,627 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. |
SEE NOTES TO FUND’S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK DISCIPLINED VALUE MID CAP FUND | 5 |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
(B) | All or a portion of this security is on loan as of 12-31-22. The value of securities on loan amounted to $17,699,150. |
(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 12-31-22. |
6 | JOHN HANCOCK DISCIPLINED VALUE MID CAP 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 Advisor’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 of the Advisor 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 Pricing Committee following procedures established by the Advisor and adopted 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 Advisor’s 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, 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 | 1,807,884 | $33,247,148 | $131,581,228 | $(146,756,136) | $1,008 | $(1,998) | $10,677 | — | $18,071,250 |
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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