John Hancock
U.S. Growth Fund
Quarterly portfolio holdings 6/30/2024
![](https://capedge.com/proxy/NPORT-P/0001145549-24-051663/img82ffe3491.gif)
Fund’s investments |
As of 6-30-24
(unaudited)
Shares | Value | ||||
Common stocks 99.5% | $1,512,456,746 | ||||
(Cost $877,211,144) | |||||
Communication services 15.3% | 232,603,046 | ||||
Entertainment 3.1% | |||||
Netflix, Inc. (A) | 52,511 | 35,438,624 | |||
Spotify Technology SA (A) | 37,292 | 11,701,857 | |||
Interactive media and services 12.2% | |||||
Alphabet, Inc., Class A | 687,887 | 125,298,617 | |||
Meta Platforms, Inc., Class A | 86,639 | 43,685,117 | |||
Pinterest, Inc., Class A (A) | 373,924 | 16,478,831 | |||
Consumer discretionary 13.3% | 202,808,094 | ||||
Broadline retail 7.6% | |||||
Amazon.com, Inc. (A) | 601,370 | 116,214,753 | |||
Hotels, restaurants and leisure 3.4% | |||||
Booking Holdings, Inc. | 5,638 | 22,334,937 | |||
Domino’s Pizza, Inc. | 28,195 | 14,557,924 | |||
DraftKings, Inc., Class A (A) | 408,126 | 15,578,169 | |||
Household durables 0.9% | |||||
Lennar Corp., Class A | 87,771 | 13,154,240 | |||
Specialty retail 1.4% | |||||
O’Reilly Automotive, Inc. (A) | 19,855 | 20,968,071 | |||
Consumer staples 1.0% | 14,657,553 | ||||
Consumer staples distribution and retail 1.0% | |||||
U.S. Foods Holding Corp. (A) | 276,662 | 14,657,553 | |||
Financials 11.6% | 176,048,336 | ||||
Capital markets 4.3% | |||||
Ares Management Corp., Class A | 146,417 | 19,514,458 | |||
KKR & Company, Inc. | 222,662 | 23,432,949 | |||
S&P Global, Inc. | 49,812 | 22,216,152 | |||
Consumer finance 1.4% | |||||
American Express Company | 91,813 | 21,259,300 | |||
Financial services 5.9% | |||||
Corpay, Inc. (A) | 49,308 | 13,136,144 | |||
Mastercard, Inc., Class A | 91,068 | 40,175,559 | |||
Visa, Inc., Class A | 138,354 | 36,313,774 | |||
Health care 7.0% | 107,035,367 | ||||
Health care providers and services 3.5% | |||||
Cencora, Inc. | 73,064 | 16,461,319 | |||
McKesson Corp. | 27,770 | 16,218,791 | |||
UnitedHealth Group, Inc. | 40,555 | 20,653,039 | |||
Life sciences tools and services 2.2% | |||||
ICON PLC (A) | 53,149 | 16,660,617 | |||
Medpace Holdings, Inc. (A) | 39,589 | 16,304,730 | |||
Pharmaceuticals 1.3% | |||||
Merck & Company, Inc. | 167,503 | 20,736,871 | |||
Industrials 1.8% | 27,039,649 | ||||
Ground transportation 1.8% | |||||
Uber Technologies, Inc. (A) | 372,037 | 27,039,649 |
2 | JOHN HANCOCK U.S. GROWTH FUND | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Shares | Value | ||||
Information technology 48.4% | $735,116,272 | ||||
Communications equipment 1.9% | |||||
Arista Networks, Inc. (A) | 80,970 | 28,378,366 | |||
Electronic equipment, instruments and components 1.0% | |||||
Flex, Ltd. (A) | 466,170 | 13,747,353 | |||
Jabil, Inc. | 13,882 | 1,510,223 | |||
IT services 1.2% | |||||
GoDaddy, Inc., Class A (A) | 128,206 | 17,911,660 | |||
Semiconductors and semiconductor equipment 16.1% | |||||
Broadcom, Inc. | 27,770 | 44,585,568 | |||
NVIDIA Corp. | 1,205,548 | 148,933,400 | |||
NXP Semiconductors NV | 93,810 | 25,243,333 | |||
Qualcomm, Inc. | 130,849 | 26,062,504 | |||
Software 16.9% | |||||
Intuit, Inc. | 37,459 | 24,618,429 | |||
Microsoft Corp. | 427,512 | 191,076,488 | |||
PTC, Inc. (A) | 78,100 | 14,188,427 | |||
Salesforce, Inc. | 103,730 | 26,668,983 | |||
Technology hardware, storage and peripherals 11.3% | |||||
Apple, Inc. | 817,546 | 172,191,538 | |||
Real estate 1.1% | 17,148,429 | ||||
Specialized REITs 1.1% | |||||
Iron Mountain, Inc. | 191,346 | 17,148,429 | |||
Yield (%) | Shares | Value | |||
Short-term investments 0.3% | $4,021,066 | ||||
(Cost $4,021,066) | |||||
Short-term funds 0.3% | 4,021,066 | ||||
State Street Institutional U.S. Government Money Market Fund, Premier Class | 5.2397(B) | 4,021,066 | 4,021,066 |
Total investments (Cost $881,232,210) 99.8% | $1,516,477,812 | ||||
Other assets and liabilities, net 0.2% | 2,818,272 | ||||
Total net assets 100.0% | $1,519,296,084 |
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 | |
(A) | Non-income producing security. |
(B) | The rate shown is the annualized seven-day yield as of 6-30-24. |
SEE NOTES TO FUND’S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK U.S. 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 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. Investments by the fund in open-end
mutual funds 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 June 30, 2024, all investments
are categorized as Level 1 under the hierarchy described above.
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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