John Hancock
Global Shareholder Yield Fund
Quarterly portfolio holdings 12/31/2023
Fund’s investments |
As of 12-31-23 (unaudited)
Shares | Value | ||||
Common stocks 97.9% | $1,169,955,229 | ||||
(Cost $880,376,979) | |||||
Austria 0.8% | 10,037,476 | ||||
BAWAG Group AG (A)(B) | 189,669 | 10,037,476 | |||
Canada 6.4% | 76,831,162 | ||||
BCE, Inc. | 255,253 | 10,049,846 | |||
Enbridge, Inc. | 283,368 | 10,200,863 | |||
Great-West Lifeco, Inc. | 195,916 | 6,484,945 | |||
Nutrien, Ltd. (New York Stock Exchange) | 134,301 | 7,565,175 | |||
Restaurant Brands International, Inc. | 246,172 | 19,233,418 | |||
Rogers Communications, Inc., Class B | 156,165 | 7,310,603 | |||
Royal Bank of Canada | 73,540 | 7,436,972 | |||
TELUS Corp. | 480,420 | 8,549,340 | |||
France 7.3% | 86,869,769 | ||||
AXA SA | 562,450 | 18,367,586 | |||
Cie Generale des Etablissements Michelin SCA | 259,801 | 9,333,735 | |||
Orange SA | 927,866 | 10,575,470 | |||
Sanofi SA | 185,736 | 18,457,061 | |||
TotalEnergies SE | 326,526 | 22,203,403 | |||
Vinci SA | 63,034 | 7,932,514 | |||
Germany 5.7% | 67,806,526 | ||||
Allianz SE | 50,256 | 13,430,451 | |||
Deutsche Post AG | 319,995 | 15,838,461 | |||
Deutsche Telekom AG | 836,758 | 20,118,385 | |||
Muenchener Rueckversicherungs-Gesellschaft AG | 19,876 | 8,244,822 | |||
Siemens AG | 54,232 | 10,174,407 | |||
Ireland 0.9% | 10,946,819 | ||||
Medtronic PLC | 132,882 | 10,946,819 | |||
Italy 1.3% | 15,544,633 | ||||
Snam SpA | 3,021,362 | 15,544,633 | |||
Japan 1.1% | 13,820,599 | ||||
Astellas Pharma, Inc. | 586,300 | 6,973,025 | |||
Toyota Motor Corp. | 373,700 | 6,847,574 | |||
Norway 0.6% | 6,700,911 | ||||
Orkla ASA | 862,881 | 6,700,911 | |||
South Korea 2.3% | 27,214,079 | ||||
Hyundai Glovis Company, Ltd. (B) | 54,232 | 8,035,764 | |||
Samsung Electronics Company, Ltd., GDR (A) | 7,098 | 10,607,332 | |||
SK Telecom Company, Ltd. | 220,618 | 8,570,983 | |||
Switzerland 3.2% | 38,932,806 | ||||
Garmin, Ltd. | 56,220 | 7,226,519 | |||
Nestle SA | 57,355 | 6,648,585 | |||
Novartis AG | 178,596 | 18,040,069 | |||
Roche Holding AG | 24,141 | 7,017,633 | |||
Taiwan 1.1% | 12,697,568 | ||||
Taiwan Semiconductor Manufacturing Company, Ltd., ADR | 122,092 | 12,697,568 | |||
United Kingdom 9.0% | 107,240,976 | ||||
AstraZeneca PLC, ADR | 209,295 | 14,096,018 |
2 | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Shares | Value | ||||
United Kingdom (continued) | |||||
BAE Systems PLC | 661,004 | $9,355,969 | |||
British American Tobacco PLC | 397,226 | 11,622,496 | |||
Coca-Cola Europacific Partners PLC | 291,188 | 19,433,887 | |||
GSK PLC | 633,745 | 11,704,753 | |||
Imperial Brands PLC | 510,308 | 11,751,255 | |||
National Grid PLC | 820,859 | 11,058,045 | |||
Schroders PLC | 1,250,455 | 6,837,183 | |||
Unilever PLC | 235,099 | 11,381,370 | |||
United States 58.2% | 695,311,905 | ||||
AbbVie, Inc. | 138,561 | 21,472,798 | |||
Air Products & Chemicals, Inc. | 24,752 | 6,777,098 | |||
American Electric Power Company, Inc. | 126,636 | 10,285,376 | |||
Analog Devices, Inc. | 95,118 | 18,886,630 | |||
Apple, Inc. | 56,787 | 10,933,201 | |||
AT&T, Inc. | 641,769 | 10,768,884 | |||
Bank of America Corp. | 210,681 | 7,093,629 | |||
Best Buy Company, Inc. | 94,327 | 7,383,918 | |||
Bristol-Myers Squibb Company | 132,352 | 6,790,981 | |||
Broadcom, Inc. | 26,314 | 29,373,001 | |||
Chevron Corp. | 45,301 | 6,757,097 | |||
Cisco Systems, Inc. | 332,773 | 16,811,692 | |||
Columbia Banking System, Inc. | 352,251 | 9,398,057 | |||
Cummins, Inc. | 44,159 | 10,579,172 | |||
CVS Health Corp. | 94,057 | 7,426,741 | |||
Dell Technologies, Inc., Class C | 111,587 | 8,536,406 | |||
Dow, Inc. | 195,916 | 10,744,033 | |||
Duke Energy Corp. | 67,009 | 6,502,553 | |||
Eaton Corp. PLC | 28,962 | 6,974,629 | |||
Eli Lilly & Company | 11,073 | 6,454,673 | |||
Emerson Electric Company | 68,855 | 6,701,657 | |||
Entergy Corp. | 76,947 | 7,786,267 | |||
Enterprise Products Partners LP | 619,389 | 16,320,900 | |||
Evergy, Inc. | 124,080 | 6,476,976 | |||
Hasbro, Inc. | 156,449 | 7,988,286 | |||
Hewlett Packard Enterprise Company | 409,806 | 6,958,506 | |||
IBM Corp. | 159,004 | 26,005,104 | |||
Iron Mountain, Inc. | 294,196 | 20,587,836 | |||
Johnson & Johnson | 50,571 | 7,926,499 | |||
JPMorgan Chase & Co. | 72,196 | 12,280,540 | |||
KLA Corp. | 25,271 | 14,690,032 | |||
Lazard, Ltd., Class A | 344,662 | 11,994,238 | |||
Linde PLC | 15,333 | 6,297,416 | |||
Lockheed Martin Corp. | 14,765 | 6,692,089 | |||
LyondellBasell Industries NV, Class A | 128,488 | 12,216,639 | |||
McDonald’s Corp. | 21,863 | 6,482,598 | |||
Merck & Company, Inc. | 72,431 | 7,896,428 | |||
MetLife, Inc. | 187,114 | 12,373,849 | |||
Microsoft Corp. | 74,675 | 28,080,787 | |||
Mondelez International, Inc., Class A | 91,824 | 6,650,812 | |||
MPLX LP | 236,050 | 8,667,756 | |||
MSC Industrial Direct Company, Inc., Class A | 143,387 | 14,519,368 | |||
NetApp, Inc. | 95,970 | 8,460,715 | |||
NextEra Energy, Inc. | 171,195 | 10,398,384 |
SEE NOTES TO FUND’S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND | 3 |
Shares | Value | ||||
United States (continued) | |||||
NiSource, Inc. | 393,996 | $10,460,594 | |||
Omnicom Group, Inc. | 98,152 | 8,491,130 | |||
Paychex, Inc. | 50,540 | 6,019,819 | |||
PepsiCo, Inc. | 35,776 | 6,076,196 | |||
Pfizer, Inc. | 233,963 | 6,735,795 | |||
Philip Morris International, Inc. | 183,423 | 17,256,436 | |||
Pinnacle West Capital Corp. | 102,751 | 7,381,632 | |||
Realty Income Corp. | 177,281 | 10,179,475 | |||
Regions Financial Corp. | 367,129 | 7,114,960 | |||
RTX Corp. | 83,193 | 6,999,859 | |||
Texas Instruments, Inc. | 68,429 | 11,664,407 | |||
The Coca-Cola Company | 124,648 | 7,345,507 | |||
The Home Depot, Inc. | 19,876 | 6,888,028 | |||
The PNC Financial Services Group, Inc. | 50,540 | 7,826,119 | |||
The Williams Companies, Inc. | 180,299 | 6,279,814 | |||
Truist Financial Corp. | 215,792 | 7,967,041 | |||
U.S. Bancorp | 198,755 | 8,602,116 | |||
United Parcel Service, Inc., Class B | 43,293 | 6,806,958 | |||
UnitedHealth Group, Inc. | 12,983 | 6,835,160 | |||
Vail Resorts, Inc. | 30,134 | 6,432,705 | |||
Verizon Communications, Inc. | 270,642 | 10,203,203 | |||
VICI Properties, Inc. | 319,010 | 10,170,039 | |||
Walmart, Inc. | 51,614 | 8,136,947 | |||
WEC Energy Group, Inc. | 107,327 | 9,033,714 |
Total investments (Cost $880,376,979) 97.9% | $1,169,955,229 | ||||
Other assets and liabilities, net 2.1% | 25,470,917 | ||||
Total net assets 100.0% | $1,195,426,146 |
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 |
GDR | Global Depositary Receipt |
(A) | 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. |
(B) | Non-income producing security. |
The fund had the following sector composition as a percentage of net assets on 12-31-23:
Information technology | 17.0% |
Health care | 13.3% |
Financials | 13.0% |
Industrials | 9.8% |
Consumer staples | 9.5% |
Utilities | 7.9% |
Communication services | 7.9% |
Consumer discretionary | 6.5% |
Energy | 5.9% |
Materials | 3.7% |
Real estate | 3.4% |
Other assets and liabilities, net | 2.1% |
TOTAL | 100.0% |
4 | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD 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 Valuation Policies and Procedures of the Advisor, John Hancock Investment Management LLC.
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. 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 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. 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 Pricing Committee, following procedures established by the Advisor and adopted by the Board of Trustees. The Advisor 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 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.
The following is a summary of the values by input classification of the fund’s investments as of December 31, 2023, by major security category or type:
Total value at 12-31-23 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
Common stocks | ||||
Austria | $10,037,476 | — | $10,037,476 | — |
Canada | 76,831,162 | $76,831,162 | — | — |
France | 86,869,769 | — | 86,869,769 | — |
Germany | 67,806,526 | — | 67,806,526 | — |
Ireland | 10,946,819 | 10,946,819 | — | — |
Italy | 15,544,633 | — | 15,544,633 | — |
Japan | 13,820,599 | — | 13,820,599 | — |
Norway | 6,700,911 | — | 6,700,911 | — |
South Korea | 27,214,079 | — | 27,214,079 | — |
Switzerland | 38,932,806 | 7,226,519 | 31,706,287 | — |
Taiwan | 12,697,568 | 12,697,568 | — | — |
United Kingdom | 107,240,976 | 33,529,905 | 73,711,071 | — |
United States | 695,311,905 | 695,311,905 | — | — |
Total investments in securities | $1,169,955,229 | $836,543,878 | $333,411,351 | — |
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:
| | 5 |
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 | — | — | $118,789,593 | $(118,786,563) | $(3,030) | — | $47,955 | $(75) | — |
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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